XML 63 R52.htm IDEA: XBRL DOCUMENT v3.24.0.1
Fair Value of Financial Instruments - Summary of Fair Value of Level 3 Investments and Ranges of Significant Unobservable Inputs Used to Value Level 3 Investments (Details)
$ in Thousands
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Fair Value $ 53,134 $ 13,760
Level 3    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Fair Value 1,470,147 1,167,987
Level 3 | Senior Secured First Lien    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Fair Value 409,945 277,786
Level 3 | Senior Secured First Lien | Discounted Cash Flows    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Fair Value $ 337,406 $ 201,043
Level 3 | Senior Secured First Lien | Discounted Cash Flows | Discount Rate | Minimum    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Range 10.4 9.4
Level 3 | Senior Secured First Lien | Discounted Cash Flows | Discount Rate | Maximum    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Range 19.3 19.4
Level 3 | Senior Secured First Lien | Discounted Cash Flows | Discount Rate | Weighted Average    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Range 12 10.9
Level 3 | Senior Secured First Lien | Enterprise Value    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Fair Value $ 30,299 $ 13,593
Level 3 | Senior Secured First Lien | Enterprise Value | Comparable EBITDA Multiple | Minimum    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Range 0.9 8.3
Level 3 | Senior Secured First Lien | Enterprise Value | Comparable EBITDA Multiple | Maximum    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Range 11.3 14.8
Level 3 | Senior Secured First Lien | Enterprise Value | Comparable EBITDA Multiple | Weighted Average    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Range (6.5) 9.1
Level 3 | Senior Secured First Lien | Broker Quoted    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Fair Value $ 46,425 $ 63,150
Level 3 | Senior Secured First Lien | Collateral Analysis    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Fair Value $ 176  
Level 3 | Senior Secured First Lien | Collateral Analysis | Recovery Rate    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Range 1.3  
Level 3 | Senior Secured First Lien | Discounted Cash Flows    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Fair Value $ 8,253  
Level 3 | Senior Secured First Lien | Discounted Cash Flows | Royalty Payment Discount Rate | Maximum    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Range 15.5  
Level 3 | Unitranche First Lien    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Fair Value $ 948,781 771,348
Level 3 | Unitranche First Lien | Discounted Cash Flows    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Fair Value $ 898,108 $ 620,221
Level 3 | Unitranche First Lien | Discounted Cash Flows | Discount Rate | Minimum    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Range 9.1 6.8
Level 3 | Unitranche First Lien | Discounted Cash Flows | Discount Rate | Maximum    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Range 18.6 15.7
Level 3 | Unitranche First Lien | Discounted Cash Flows | Discount Rate | Weighted Average    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Range 11.8 10.8
Level 3 | Unitranche First Lien | Enterprise Value    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Fair Value $ 4,248 $ 15,576
Level 3 | Unitranche First Lien | Enterprise Value | Comparable EBITDA Multiple | Minimum    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Range   13.1
Level 3 | Unitranche First Lien | Enterprise Value | Comparable EBITDA Multiple | Maximum    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Range   6.8
Level 3 | Unitranche First Lien | Enterprise Value | Comparable EBITDA Multiple | Weighted Average    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Range   11.5
Level 3 | Unitranche First Lien | Enterprise Value | Revenue Growth Rate | Maximum    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Range 0.6  
Level 3 | Unitranche First Lien | Broker Quoted    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Fair Value $ 33,811 $ 135,551
Level 3 | Unitranche First Lien Last Out    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Fair Value 13,544 13,827
Level 3 | Unitranche First Lien Last Out | Discounted Cash Flows    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Fair Value $ 12,490 $ 11,642
Level 3 | Unitranche First Lien Last Out | Discounted Cash Flows | Discount Rate | Minimum    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Range 10.1 8.4
Level 3 | Unitranche First Lien Last Out | Discounted Cash Flows | Discount Rate | Maximum    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Range 17.4 16.5
Level 3 | Unitranche First Lien Last Out | Discounted Cash Flows | Discount Rate | Weighted Average    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Range 12.8 10.9
Level 3 | Unitranche First Lien Last Out | Collateral Analysis    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Fair Value $ 1,054 $ 2,185
Level 3 | Unitranche First Lien Last Out | Collateral Analysis | Recovery Rate    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Range 20.7 42.9
Level 3 | Senior Secured Second Lien    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Fair Value $ 44,907 $ 56,586
Level 3 | Senior Secured Second Lien | Discounted Cash Flows    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Fair Value $ 32,051 $ 29,749
Level 3 | Senior Secured Second Lien | Discounted Cash Flows | Discount Rate | Minimum    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Range 13.2 11.5
Level 3 | Senior Secured Second Lien | Discounted Cash Flows | Discount Rate | Maximum    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Range 14.6 26
Level 3 | Senior Secured Second Lien | Discounted Cash Flows | Discount Rate | Weighted Average    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Range 13.7 15.6
Level 3 | Senior Secured Second Lien | Enterprise Value    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Fair Value $ 7,878 $ 7,397
Level 3 | Senior Secured Second Lien | Enterprise Value | Comparable EBITDA Multiple | Minimum    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Range 3.4 8.3
Level 3 | Senior Secured Second Lien | Enterprise Value | Comparable EBITDA Multiple | Maximum    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Range 8.9 14.8
Level 3 | Senior Secured Second Lien | Enterprise Value | Comparable EBITDA Multiple | Weighted Average    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Range (5.9) 10.8
Level 3 | Senior Secured Second Lien | Broker Quoted    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Fair Value $ 4,978 $ 19,440
Level 3 | Unsecured Debt    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Fair Value 4,061  
Level 3 | Unsecured Debt | Discounted Cash Flows    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Fair Value $ 3,235 $ 4,533
Level 3 | Unsecured Debt | Discounted Cash Flows | Discount Rate | Minimum    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Range 14.4 15.2
Level 3 | Unsecured Debt | Discounted Cash Flows | Discount Rate | Maximum    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Range 18.1 17.3
Level 3 | Unsecured Debt | Discounted Cash Flows | Discount Rate | Weighted Average    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Range 15.9 16.1
Level 3 | Unsecured Debt | Enterprise Value    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Fair Value $ 826  
Level 3 | Unsecured Debt | Enterprise Value | Comparable EBITDA Multiple | Maximum    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Range 11.3  
Level 3 | Equity & Other    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Fair Value $ 48,909 $ 43,907
Level 3 | Equity & Other | Discounted Cash Flows    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Fair Value $ 435 $ 200
Level 3 | Equity & Other | Discounted Cash Flows | Discount Rate | Minimum    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Range   22.1
Level 3 | Equity & Other | Discounted Cash Flows | Discount Rate | Maximum    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Range 18.2 22.1
Level 3 | Equity & Other | Discounted Cash Flows | Discount Rate | Weighted Average    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Range   22.1
Level 3 | Equity & Other | Enterprise Value    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Fair Value $ 48,474 $ 43,311
Level 3 | Equity & Other | Enterprise Value | Comparable EBITDA Multiple | Minimum    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Range 1.8 10.9
Level 3 | Equity & Other | Enterprise Value | Comparable EBITDA Multiple | Maximum    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Range 28.4 27.8
Level 3 | Equity & Other | Enterprise Value | Comparable EBITDA Multiple | Weighted Average    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Range 16.4 15.7
Level 3 | Equity & Other | Broker Quoted    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Fair Value   $ 396