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Investments
 6 Months Ended
Jun. 30, 2024
Investments [Abstract]  
Investments Investments
The following tables show the composition of the Company’s investment portfolio, at amortized cost and fair value (with corresponding percentage of total portfolio investments):
June 30, 2024December 31, 2023
Amortized Cost:
Senior secured loans$2,882,264 85.4 %$2,161,659 85.7 %
Unitranche secured loans168,503 5.0 185,177 7.3 
Junior secured loans168,491 5.0 94,550 3.8 
Equity securities157,558 4.6 81,678 3.2 
Total$3,376,816 100.0 %$2,523,064 100.0 %
June 30, 2024December 31, 2023
Fair Value:
Senior secured loans$2,906,171 85.8 %$2,171,243 85.9 %
Unitranche secured loans168,253 5.0 184,853 7.3 
Junior secured loans154,998 4.6 87,986 3.5 
Equity securities157,719 4.6 84,085 3.3 
Total$3,387,141 100.0 %$2,528,167 100.0 %
The following tables show the composition of the Company’s investment portfolio by geographic region, at amortized cost and fair value (with corresponding percentage of total portfolio investments). The geographic composition is determined by the location of the corporate headquarters of the portfolio company, which may not be indicative of the primary source of the portfolio company’s business:
June 30, 2024December 31, 2023
Amortized Cost:
International$118,8793.5 %$116,1174.6 %
Midwest624,80718.5 464,41118.4 
Northeast784,10123.2 602,30323.9 
Northwest70,1592.1 72,4012.9 
Southeast764,25822.6 609,72024.2 
Southwest499,37214.8 303,64312.0 
West515,24015.3 354,46914.0 
Total$3,376,816100.0 %$2,523,064100.0 %
June 30, 2024December 31, 2023
Fair Value:
International$114,3373.4 %$112,0774.4 %
Midwest621,41218.4 462,37118.3 
Northeast786,78623.2 605,22623.9 
Northwest72,0242.1 73,7062.9 
Southeast782,14623.1 616,18224.4 
Southwest502,11314.8 303,60512.0 
West508,32315.0 355,00014.1 
Total$3,387,141100.0 %$2,528,167100.0 %
The following tables show the composition of the Company’s investment portfolio by industry, at amortized cost and fair value (with corresponding percentage of total portfolio investments):
June 30, 2024December 31, 2023
Amortized Cost:
Aerospace & Defense$17,977 0.5 %$24,306 1.0 %
Automotive72,692 2.2 55,374 2.2 
Banking32,359 1.0 32,289 1.3 
Beverage, Food & Tobacco31,720 0.9 43,443 1.7 
Capital Equipment175,859 5.2 153,516 6.1 
Chemicals, Plastics & Rubber1,048 0.0 *738 0.0 *
Construction & Building150,144 4.4 97,869 3.9 
Consumer Goods: Durable39,906 1.2 45,961 1.8 
Consumer Goods: Non-Durable58,446 1.7 49,303 2.0 
Containers, Packaging & Glass13,829 0.4 13,857 0.5 
Energy: Oil & Gas17,349 0.5 20,128 0.8 
Environmental Industries55,384 1.6 35,805 1.4 
FIRE: Finance223,263 6.6 185,745 7.4 
FIRE: Insurance32,340 1.0 23,848 0.9 
FIRE: Real Estate97,619 2.9 81,184 3.2 
Healthcare & Pharmaceuticals534,542 15.8 354,627 14.1 
High Tech Industries357,107 10.6 211,563 8.4 
Hotels, Gaming & Leisure95 0.0 *95 0.0 *
Media: Advertising, Printing & Publishing200,654 5.9 145,910 5.8 
Media: Broadcasting & Subscription3,364 0.1 3,160 0.1 
Media: Diversified & Production109,759 3.3 93,581 3.7 
Services: Business674,357 20.0 428,134 17.0 
Services: Consumer185,088 5.5 166,396 6.6 
Telecommunications83,701 2.5 73,705 2.9 
Transportation: Cargo 119,818 3.6 107,107 4.2 
Utilities: Electric53,085 1.6 40,045 1.6 
Wholesale35,311 1.0 35,375 1.4 
Total$3,376,816 100.0 %$2,523,064 100.0 %
June 30, 2024December 31, 2023
Fair Value:
Aerospace & Defense$17,637 0.5 %$23,871 0.9 %
Automotive64,375 1.9 52,433 2.1 
Banking30,869 0.9 31,338 1.2 
Beverage, Food & Tobacco31,901 0.9 43,420 1.7 
Capital Equipment175,205 5.2 153,448 6.1 
Chemicals, Plastics & Rubber888 0.0 *555 0.0 *
Construction & Building152,012 4.5 99,032 3.9 
Consumer Goods: Durable37,114 1.1 43,879 1.7 
Consumer Goods: Non-Durable57,036 1.7 47,767 1.9 
Containers, Packaging & Glass13,815 0.4 13,978 0.6 
Energy: Oil & Gas19,469 0.6 19,939 0.8 
Environmental Industries56,907 1.7 36,964 1.5 
FIRE: Finance225,201 6.6 188,094 7.4 
FIRE: Insurance32,548 1.0 23,624 0.9 
FIRE: Real Estate99,684 2.9 82,981 3.3 
Healthcare & Pharmaceuticals538,063 15.9 354,470 14.0 
High Tech Industries352,787 10.4 208,931 8.3 
Hotels, Gaming & Leisure126 0.0 *95 0.0 *
Media: Advertising, Printing & Publishing203,017 6.0 148,571 5.9 
Media: Broadcasting & Subscription1,127 0.0 *1,663 0.1 
Media: Diversified & Production109,428 3.2 93,116 3.7 
Services: Business684,804 20.2 434,280 17.2 
Services: Consumer185,852 5.5 167,734 6.6 
Telecommunications83,831 2.5 74,679 3.0 
Transportation: Cargo 118,681 3.5 107,424 4.2 
Utilities: Electric58,994 1.8 40,039 1.6 
Wholesale35,770 1.1 35,842 1.4 
Total$3,387,141 100.0 %$2,528,167 100.0 %
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*Represents an amount less than 0.1%.