Investment Portfolio (Tables)

9 Months Ended

Sep. 30, 2024

Investment Company [Abstract]

Schedule of Investments

The following table summarizes the composition of the Company’s investment portfolio at cost and fair value as of September 30, 2024 and December 31, 2023:

	September 30, 2024
	(Unaudited)						December 31, 2023
	Amortized Cost(1)		Fair Value		Percentage of Portfolio		Amortized Cost(1)		Fair Value		Percentage of Portfolio
Senior Secured Loans—First Lien	$	8,626	$	8,355	59.9	%	$	8,890	$	8,529	58.2	%
Senior Secured Loans—Second Lien	842		866		6.2	%	1,158		1,090		7.5	%
Other Senior Secured Debt	129		122		0.9	%	106		99		0.7	%
Subordinated Debt	215		221		1.6	%	308		323		2.2	%
Asset Based Finance	2,081		1,990		14.3	%	2,237		2,077		14.2	%
Credit Opportunities Partners JV, LLC	1,572		1,384		9.9	%	1,572		1,397		9.5	%
Equity/Other	1,089		1,005		7.2	%	1,149		1,134		7.7	%
Total	$	14,554	$	13,943	100.0	%	$	15,420	$	14,649	100.0	%

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(1)Amortized cost represents the original cost adjusted for the amortization of premiums and/or accretion of discounts and PIK interest or dividends, as applicable, on investments.

The table below describes investments by industry classification and enumerates the percentage, by fair value, of the total portfolio assets in such industries as of September 30, 2024 and December 31, 2023:

	September 30, 2024
	(Unaudited)				December 31, 2023
Industry Classification(1)	Fair Value		Percentage  of Portfolio		Fair Value		Percentage  of Portfolio
Automobiles & Components	$	4	0.0	%	$	4	0.0	%
Banks	6		0.0	%	8		0.1	%
Capital Goods	1,855		13.3	%	1,970		13.5	%
Commercial & Professional Services	1,856		13.3	%	1,826		12.5	%
Consumer Discretionary Distribution & Retail	153		1.1	%	259		1.8	%
Consumer Durables & Apparel	249		1.8	%	185		1.3	%
Consumer Services	372		2.7	%	240		1.6	%
Consumer Staples Distribution & Retail	103		0.7	%	105		0.7	%
Credit Opportunities Partners JV, LLC	1,384		9.9	%	1,397		9.5	%
Energy	83		0.6	%	162		1.1	%
Equity Real Estate Investment Trusts (REITs)	274		2.0	%	293		2.0	%
Financial Services	879		6.3	%	986		6.7	%
Food, Beverage & Tobacco	144		1.0	%	181		1.2	%
Health Care Equipment & Services	1,630		11.7	%	1,709		11.7	%
Household & Personal Products	141		1.0	%	166		1.1	%
Insurance	805		5.8	%	839		5.7	%
Materials	335		2.4	%	228		1.6	%
Media & Entertainment	731		5.3	%	717		4.9	%
Pharmaceuticals, Biotechnology & Life Sciences	291		2.1	%	286		2.0	%
Real Estate Management & Development	27		0.2	%	79		0.5	%
Software & Services	2,245		16.1	%	2,472		16.9	%
Technology Hardware & Equipment	2		0.0	%	4		0.0	%
Telecommunication Services	68		0.5	%	79		0.5	%
Transportation	306		2.2	%	454		3.1	%
Total	$	13,943	100.0	%	$	14,649	100.0	%

Schedule of Nonconsolidated Subsidiary Portfolio

Below is selected balance sheet information for COPJV as of September 30, 2024 and December 31, 2023:

	As of
	September 30, 2024 (Unaudited)		December 31, 2023
Selected Balance Sheet Information
Total investments, at fair value	$	3,462.4	$	3,470.8
Cash and other assets	405.0		272.2
Total assets	3,867.4		3,743.0
Debt	1,722.1		1,840.1
Other liabilities	563.9		306.5
Total liabilities	2,286.0		2,146.6
Member's equity	$	1,581.4	$	1,596.4

Below is selected statement of operations information for COPJV for the three and nine months ended September 30, 2024 and 2023:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Selected Statement of Operations Information
Total investment income	$	85.5	$	99.3	$	266.3	$	289.8
Expenses
Interest expense	29.7		30.4		92.0		91.6
Custodian and accounting fees	1.3		0.4		2.1		1.2
Administrative services	2.2		2.3		6.9		7.1
Professional services	0.1		0.2		0.4		0.4
Other	0.4		0.3		1.0		0.9
Total expenses	33.7		33.6		102.4		101.2
Net investment income	51.8		65.7		163.9		188.6
Net realized and unrealized gain (loss)	(3.7)		25.8		(6.9)		(25.3)
Net increase in net assets resulting from operations	$	48.1	$	91.5	$	157.0	$	163.3