Investments (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of Investments [Abstract]

Schedule of Investments

The composition of the Company’s investment portfolio at cost and fair value was as follows:

	March 31, 2025						December 31, 2024
	Cost		Fair Value		% of Total Investments at Fair Value		Cost		Fair Value		% of Total Investments at Fair Value
First lien debt	$	12,741,617	$	12,602,903	98.2	%	$	12,959,332	$	12,830,389	98.0	%
Second lien debt	122,023		118,482		0.9	%	122,634		119,184		0.9
Unsecured debt	13,527		13,658		0.1	%	33,644		33,521		0.3
Equity	74,868		99,163		0.8	%	77,609		109,424		0.8
Total	$	12,952,035	$	12,834,206	100.0	%	$	13,193,219	$	13,092,518	100.0	%

The industry composition of investments at fair value was as follows:

	March 31, 2025		December 31, 2024
Aerospace & Defense	4.5	%	4.4	%
Air Freight & Logistics	2.2		3.0
Auto Components (1)(2)	0.0		0.0
Building Products	2.4		2.4
Chemicals	0.3		0.3
Commercial Services & Supplies	8.2		7.7
Construction & Engineering	0.8		0.8
Containers & Packaging	0.2		0.2
Distributors	3.1		3.1
Diversified Consumer Services	4.7		4.6
Diversified Telecommunication Services	1.0		1.0
Electric Utilities	1.1		1.1
Electrical Equipment	0.8		0.8
Electronic Equipment, Instruments & Components	2.0		1.9
Energy Equipment & Services	0.2		0.2
Financial Services	0.5		0.3
Ground Transportation	0.2		0.2
Health Care Equipment & Supplies	0.7		0.7
Health Care Providers & Services	9.5		9.2
Health Care Technology	4.6		5.0
Insurance	8.3		7.4
Interactive Media & Services	0.5		0.5
Internet & Direct Marketing Retail	—		2.4
IT Services	4.9		4.4
Life Sciences Tools & Services	0.9		0.6
Machinery	0.2		0.2
Marine	0.5		0.4
Media	0.4		0.4
Oil, Gas & Consumable Fuels	0.6		0.6
Paper & Forest Products	0.1		0.1

	March 31, 2025		December 31, 2024
Pharmaceuticals	0.3	%	0.2	%
Professional Services	8.7		8.4
Real Estate Management & Development	1.2		1.1
Software	20.8		20.1
Specialty Retail	1.3		1.3
Technology Hardware, Storage & Peripherals	0.7		0.6
Trading Companies & Distributors	0.9		1.0
Transportation Infrastructure	2.7		3.4
Total	100.0	%	100.0	%

(1)Amount rounds to less than 0.1% as of March 31, 2025.

(2)Amount rounds to less than 0.1% as of December 31, 2024.

The geographic composition of investments at cost and fair value was as follows:

	March 31, 2025
	Cost		Fair Value		% of Total Investments at Fair Value		Fair Value as % of Net Assets
United States	$	11,487,756	$	11,375,303	88.6	%	182.3	%
Europe	1,196,280		1,188,696		9.3		19.0
Bermuda/Cayman Islands	149,254		150,119		1.2		2.4
Canada	118,108		119,470		0.9		1.9
Asia	637		618		0.0		0.0
Total	$	12,952,035	$	12,834,206	100.0	%	205.6	%

	December 31, 2024
	Cost		Fair Value		% of Total Investments at Fair Value		Fair Value as % of Net Assets
United States	$	11,663,322	$	11,595,231	88.6	%	190.8	%
Europe	1,138,542		1,104,837		8.4		18.2
Canada	241,124		242,103		1.8		4.0
Bermuda/Cayman Islands	149,595		149,735		1.2		2.5
Asia	636		612		0.0		0.0
Total	$	13,193,219	$	13,092,518	100.0	%	215.5	%