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Derivative Instruments
3 Months Ended
Mar. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments Derivative Instruments
The Company enters into foreign currency forward contracts from time to time to help mitigate the impact that an adverse change in foreign exchange rates would have on future principal and interest cash flows from the Company’s investments denominated in foreign currencies. As of both March 31, 2025 and December 31, 2024, the counterparty to these foreign currency forward contracts was Bannockburn Global Forex, LLC. Net unrealized gain or loss on foreign currency forward contracts are included in net change in unrealized gain (loss) on foreign currency forward contracts and net realized gain or loss on forward currency forward contracts are included in net realized gain (loss) on foreign currency forward contracts on the accompanying consolidated statements of operations.
Certain information related to the Company’s foreign currency forward contracts is presented below as of March 31, 2025 and December 31, 2024.
March 31, 2025
DescriptionNotional Amount
to be Sold
Settlement
Date
Gross Amount of Unrealized GainGross Amount of Unrealized LossBalance Sheet location of Net Amounts
Foreign currency forward contractAUD5604/16/2025$15$—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractAUD5425/16/202514—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractAUD5606/18/202514—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractAUD5577/16/202525—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractAUD5598/18/202524—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractAUD5579/16/202524—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractAUD53910/17/202522—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractAUD55711/18/202523—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractAUD53912/16/202522—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractAUD5561/20/202622—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractAUD5542/17/202622—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractAUD5003/17/202619—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractAUD47,8584/20/2026688—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractCAD1284/3/2025——Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractCAD1287/3/2025——Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractCAD12710/6/2025——Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractCAD1251/5/2026——Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractCAD1214/6/2026——Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractCAD1397/6/2026—(1)Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractCAD14010/5/2026(1)Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractCAD1391/5/2027—(1)Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractCAD1364/5/2027—(1)Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractCAD1367/6/2027—(1)Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractCAD12,7778/16/2027—(50)Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractEUR3324/4/2025—(11)Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractEUR3527/7/2025—(11)Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractEUR36210/6/2025—(11)Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractEUR3601/6/2026—(11)Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractEUR3514/6/2026—(10)Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractEUR3547/6/2026—(10)Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractEUR35610/6/2026—(10)Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractEUR3541/6/2027—(9)Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractEUR3434/6/2027—(9)Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractEUR3457/6/2027—(8)Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractEUR34710/6/2027—(8)Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractEUR3591/6/2028—(8)Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractGBP2704/4/20251—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractGBP2587/7/20251—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractGBP25710/6/2025——Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractGBP2551/6/2026——Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractGBP2464/7/2026—(1)Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractGBP2547/6/2026—(1)Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractGBP25910/6/2026—(2)Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractGBP2661/6/2027—(2)Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractGBP2584/6/2027—(2)Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractGBP2597/6/2027—(3)Net unrealized gain on foreign currency forward contracts
$936$(182)
December 31, 2024
DescriptionNotional Amount to be SoldSettlement DateGross Amount of Unrealized GainGross Amount of Unrealized LossBalance Sheet location of Net Amounts
Foreign currency forward contractAUD5681/17/2025$20$—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractAUD5602/18/202520—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractAUD5063/18/202517—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractAUD5604/16/202519—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractAUD5425/16/202517—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractAUD5606/18/202518—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractAUD5577/16/202528—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractAUD5598/18/202527—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractAUD5579/16/202527—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractAUD53910/17/202526—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractAUD55711/18/202526—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractAUD53912/16/202525—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractAUD5561/20/202625—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractAUD5542/17/202625—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractAUD5003/17/202622—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractAUD47,8584/20/2026970—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractGBP3051/6/202514—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractGBP2704/4/202512—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractGBP2587/7/202511—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractGBP25710/6/202510—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractGBP2551/6/202610—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractGBP2464/7/20269—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractGBP2547/6/20269—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractGBP25910/6/20269—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractGBP2661/6/20279—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractGBP2584/6/20278—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractGBP2597/6/20278—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractEUR1411/7/20252—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractEUR3324/4/20254—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractEUR3527/7/20255—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractEUR36210/6/20255—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractEUR3601/6/20266—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractEUR3514/6/20266—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractEUR3547/6/20266—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractEUR35610/6/20267—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractEUR3541/6/20277—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractEUR3434/6/20277—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractEUR3457/6/20278—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractEUR34710/6/20278—Net unrealized gain on foreign currency forward contracts
Foreign currency forward contractEUR3591/6/20289—Net unrealized gain on foreign currency forward contracts
$1,501$—
For the three months ended March 31, 2025 and 2024, the Company recognized net change in unrealized gain (loss) on foreign currency forward contracts of $(747) and $2,353, respectively. For the three months ended March 31, 2025 and 2024, the Company recognized net realized gain (loss) on foreign currency forward contracts of $54 and $2, respectively.