Investments (Tables)

12 Months Ended

Dec. 31, 2022

Schedule Of Investments [Abstract]

Schedule of Investments

Investments at fair value consisted of the following (in thousands):

	As of December 31, 2022							As of December 31, 2021
Investment Type	Cost		Fair Value		Unrealized Appreciation/ (Depreciation)			Cost		Fair Value		Unrealized Appreciation/ (Depreciation)
Senior Secured First Lien	$	312,345	$	301,001		(11,344	)	$	335,207	$	329,795		(5,412	)
Unitranche First Lien		842,867		824,107		(18,760	)		719,594		731,017		11,423
Unitranche First Lien - Last Out		14,879		13,827		(1,052	)		15,698		13,723		(1,975	)
Senior Secured Second Lien		67,001		60,877		(6,124	)		72,413		72,723		310
Unsecured Debt		4,984		4,533		(451	)		5,577		5,620		43
Equity & Other		35,993		44,851		8,858			37,611		59,528		21,917
LLC/LP Equity Interests		13,387		13,760		373			58,746		57,960		(786	)
Total investments	$	1,291,456	$	1,262,956	$	(28,500	)	$	1,244,846	$	1,270,366	$	25,520

The industry composition of investments at fair value is as follows (in thousands):

Industry	Fair Value as of December 31, 2022		Percentage of Fair Value			Fair Value as of December 31, 2021		Percentage of Fair Value
Health Care Equipment & Services	$	361,940		28.7	%	$	380,046		29.9	%
Software & Services		268,305		21.3			246,352		19.4
Commercial & Professional Services		201,213		15.9			202,311		15.9
Consumer Services		118,898		9.4			94,292		7.4
Insurance		58,032		4.6			54,439		4.3
Pharmaceuticals, Biotechnology & Life Sciences		55,020		4.4			53,005		4.2
Retailing		54,832		4.3			34,275		2.7
Capital Goods		40,838		3.2			37,328		2.9
Automobiles & Components		38,004		3.0			37,835		3.0
Diversified Financials		28,975		2.3			57,960		4.6
Consumer Durables & Apparel		19,244		1.5			18,522		1.5
Food, Beverage & Tobacco		8,491		0.7			9,838		0.8
Telecommunication Services		4,061		0.3			4,480		0.4
Energy		2,185		0.2			15,155		1.2
Food & Staples Retailing		1,664		0.1			4,209		0.3
Transportation		1,254		0.1			9,297		0.7
Materials		-		-			6,912		0.5
Household & Personal Products		-		-			4,110		0.3
Total investments	$	1,262,956		100.0	%	$	1,270,366		100.0	%

The geographic composition of investments at fair value is as follows (in thousands):

Geographic Region	Fair Value as of December 31, 2022		Percentage of Fair Value			Fair Value as of December 31, 2021		Percentage of Fair Value
United States	$	1,111,350		88.1	%	$	1,159,851		91.3	%
United Kingdom		58,591		4.6			51,416		4.0
Canada		31,890		2.5			34,114		2.7
Australia		19,490		1.5			-		-
Netherlands		15,352		1.2			9,987		0.8
Belgium		14,166		1.1			14,998		1.2
Sweden		12,117		1.0			-		-
Total investments	$	1,262,956		100.0	%	$	1,270,366		100.0	%