CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
Investments at fair value
Fair Value	$ 29,499.3	$ 29,484.8	[1]
Cash and cash equivalents	505.0	638.0
Restricted cash	150.0	286.0
Interest receivable	239.0	288.0
Receivable for open trades	97.0	317.0
Other assets	189.0	221.0
Total assets	30,679.0	31,235.0
LIABILITIES
Debt	15,848.0	15,991.0
Base management fee payable	111.0	111.0
Income based fee payable	84.0	89.0
Capital gains incentive fee payable	20.0	82.0
Interest and facility fees payable	134.0	193.0
Payable to participants	78.0	131.0
Interest rate swap collateral payable	62.0	155.0
Payable for open trades	91.0	5.0
Accounts payable and other liabilities	126.0	132.0
Deferred tax liabilities	60.0	28.0
Total liabilities	16,614.0	16,917.0
Commitments and contingencies (Note 7)
STOCKHOLDERS’ EQUITY
Common stock, par value $0.001 per share, 1,000 common shares authorized; 718 common shares issued and outstanding	1.0	1.0
Capital in excess of par value	13,359.0	13,359.0
Accumulated undistributed earnings	705.0	958.0
Total stockholders’ equity	14,065.0	14,318.0
Total liabilities and stockholders’ equity	$ 30,679.0	$ 31,235.0
NET ASSET VALUE PER SHARE (in dollars per share)	$ 19.59	$ 19.94
Non-controlled/non-affiliate company investments
Investments at fair value
Fair Value	$ 24,607.0	$ 24,872.0
Non-controlled affiliate company investments
Investments at fair value
Fair Value	581.4	600.2
Controlled affiliate company investments
Investments at fair value
Fair Value	$ 4,311.1	$ 4,013.4

[1] As of December 31, 2025, the estimated net unrealized gain for federal tax purposes was approximately $300 million based on a tax cost basis of $29.2 billion. As of December 31, 2025, the estimated aggregate gross unrealized gain for federal income tax purposes was approximately $1.3 billion and the estimated aggregate gross unrealized loss for federal income tax purposes was approximately $1.0 billion.