10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

____________________________________

FORM 10-Q

____________________________________

(Mark One)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2024

OR

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                       to                       

Commission File Number 000-55977

____________________________________

BLUE OWL TECHNOLOGY FINANCE CORP.

(Exact name of Registrant as specified in its Charter)

____________________________________

Maryland	83-1273258
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
399 Park Avenue, New York, New York	10022
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (212) 419-3000

____________________________________

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
None	None	None

Indicate by check mark whether the Registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No o

Indicate by check mark whether the Registrant has submitted electronically, every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit such files). Yes x No o

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definition of “large accelerated filer”, “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	o	Emerging growth company	o	Smaller reporting company	o
Non-accelerated filer	x	Accelerated filer	o

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes o No x

As of November 8, 2024, the registrant had 210,978,842 shares of common stock, $0.01 par value per share, outstanding.

i

Table of Contents

		Page
PART I	FINANCIAL INFORMATION
Item 1.	CONSOLIDATED FINANCIAL INFORMATION	3
	Consolidated Financial Statements	3
	Consolidated Statements of Assets and Liabilities as of September 30, 2024 (Unaudited) and December 31, 2023	3
	Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2024 and 2023 (Unaudited)	4
	Consolidated Schedules of Investments as of September 30, 2024 (Unaudited) and December 31, 2023	6
	Consolidated Statements of Changes in Net Assets for the Three and Nine Months Ended September 30, 2024 and 2023 (Unaudited)	41
	Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2024 and 2023 (Unaudited)	42
	Notes to Consolidated Financial Statements (Unaudited)	43
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	77
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	113
Item 4.	Controls and Procedures	114
PART II	OTHER INFORMATION	116
Item 1.	Legal Proceedings	116
Item 1A.	Risk Factors	116
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	116
Item 3.	Defaults Upon Senior Securities	116
Item 4.	Mine Safety Disclosures	116
Item 5.	Other Information	116
Item 6.	Exhibits	117
Signatures		118

ii

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This report contains forward-looking statements that involve substantial risks and uncertainties. Such statements involve known and unknown risks, uncertainties and other factors and undue reliance should not be placed thereon. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about Blue Owl Technology Finance Corp. (the “Company,” “we” or “our”), our current and prospective portfolio investments, our industry, our beliefs and opinions, and our assumptions. Words such as “anticipates,” “expects,” “intends,” “plans,” “will,” “may,” “continue,” “believes,” “seeks,” “estimates,” “would,” “could,” “should,” “targets,” “projects,” “outlook,” “potential,” “predicts” and variations of these words and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including without limitation:

•an economic downturn could impair our portfolio companies’ ability to continue to operate, which could lead to the loss of some or all of our investments in such portfolio companies;

•an economic downturn could disproportionately impact the companies that we intend to target for investment, potentially causing us to experience a decrease in investment opportunities and diminished demand for capital from these companies;

•the impact of elevated interest and inflation rates, ongoing supply chain and labor market disruptions, including those as a result of strikes, work stoppages or accidents, instability in the U.S. and international banking systems, uncertainties related to the 2024 U.S. presidential election, and the risk of recession or a shutdown of government services could impact our business prospects and the prospects of our portfolio companies;

•an economic downturn could also impact availability and pricing of our financing and our ability to access the debt and equity capital markets;

•a contraction of available credit and/or an inability to access the equity markets could impair our lending and investment activities;

•changes in base interest rates and significant market volatility on our business and our portfolio companies (including our business prospects and the prospects of our portfolio companies including the ability to achieve our and their business objectives), our industry and the global economy including as a result of ongoing supply chain disruptions;

•interest rate volatility could adversely affect our results, particularly because we use leverage as part of our investment strategy;

•currency fluctuations could adversely affect the results of our investments in foreign companies, particularly to the extent that we receive payments denominated in foreign currency rather than U.S. dollars;

•our future operating results;

•our contractual arrangements and relationships with third parties;

•the ability of our portfolio companies to achieve their objectives;

•competition with other entities and our affiliates for investment opportunities;

•risks related to the uncertainty of the value of our portfolio investments, particularly those having no liquid trading market;

•the use of borrowed money to finance a portion of our investments as well as any estimates regarding potential use of leverage;

•the adequacy of our financing sources and working capital;

•the loss of key personnel;

•the timing of cash flows, if any, from the operations of our portfolio companies;

•the ability of Blue Owl Technology Credit Advisors LLC (“the Adviser” or “our Adviser”) to locate suitable investments for us and to monitor and administer our investments;

•the ability of the Adviser to attract and retain highly talented professionals;

•our ability to qualify for and maintain our tax treatment as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”), and as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”);

•the impact that environmental, social and governance matters could have on our brand and reputation and our portfolio companies;

1

•the effect of legal, tax and regulatory changes;

•the impact of information technology system failures, data security breaches, data privacy compliance, network disruptions, and cybersecurity attacks, and the increasing use of artificial intelligence and machine learning technology;

•the impact of geo-political conditions, including revolution, insurgency, terrorism or war, including those arising out of the ongoing war between Russia and Ukraine and the escalated conflict in the Middle-East, including the Israel-Hamas conflict, and general uncertainty surrounding the financial and political stability of the United States, the United Kingdom, the European Union and China, on financial market volatility, global economic markets, and various markets for commodities globally such as oil and natural gas; and

•other risks, uncertainties and other factors previously identified in the reports and other documents we have filed with the Securities and Exchange Commission (“SEC”).

Although we believe that the assumptions on which these forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate, and as a result, the forward-looking statements based on those assumptions also could be inaccurate. In light of these and other uncertainties, the inclusion of a projection or forward-looking statement in this report should not be regarded as a representation by us that our plans and objectives will be achieved. These forward-looking statements apply only as of the date of this report. Moreover, we assume no duty and do not undertake to update the forward-looking statements. Because we are an investment company, the forward-looking statements and projections contained in this report are excluded from the safe harbor protection provided by Section 21E of the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”).

2

PART I. CONSOLIDATED FINANCIAL INFORMATION

Item 1. Consolidated Financial Statements

Blue Owl Technology Finance Corp.

Consolidated Statements of Assets and Liabilities

(Amounts in thousands, except share and per share amounts)

	September 30, 2024 (Unaudited)		December 31, 2023
Assets
Investments at fair value
Non-controlled, non-affiliated investments (amortized cost of $5,947,435 and $5,841,371, respectively)	$	5,911,819	$	5,793,420
Non-controlled, affiliated investments (amortized cost of $395,721 and $296,593, respectively)	376,399		272,093
Controlled, affiliated investments (amortized cost of $77,451 and $75,262, respectively)	108,630		66,509
Total investments at fair value (amortized cost of $6,420,607 and $6,213,226, respectively)	6,396,848		6,132,022
Cash	186,475		469,017
Interest receivable	58,390		44,188
Dividend income receivable	5,302		5,842
Prepaid expenses and other assets	38,009		1,114
Total Assets	$	6,685,024	$	6,652,183
Liabilities
Debt (net of unamortized debt issuance costs of $29,267 and $35,064, respectively)	$	2,961,207	$	2,947,329
Management fee payable	14,070		14,252
Distribution payable	76,545		76,883
Incentive fee payable	10,251		17,915
Payables to affiliates	1,246		1,119
Payable for investments purchased	—		24,163
Accrued expenses and other liabilities	46,194		40,528
Total Liabilities	$	3,109,513	$	3,122,189
Commitments and contingencies (Note 7)
Net Assets
Common shares $0.01 par value, 500,000,000 shares authorized; 210,978,842 and 207,252,229 shares issued and outstanding, respectively	$	2,110	$	2,073
Additional paid-in-capital	3,343,748		3,280,766
Accumulated undistributed (overdistributed) earnings	229,653		247,155
Total Net Assets	$	3,575,511	$	3,529,994
Total Liabilities and Net Assets	$	6,685,024	$	6,652,183
Net Asset Value Per Share	$	16.95	$	17.03

The accompanying notes are an integral part of these consolidated financial statements.

3

Blue Owl Technology Finance Corp.

Consolidated Statements of Operations

(Amounts in thousands, except share and per share amounts)

(Unaudited)

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2024		2023		2024		2023
Investment Income
Investment income from non-controlled, non-affiliated investments:
Interest income	$	131,461	$	138,751	$	391,698	$	388,427
Payment-in-kind interest income	24,994		23,412		84,063		85,336
Dividend income	599		515		1,627		1,190
Payment-in-kind dividend income	7,371		6,100		20,929		18,268
Other income	939		1,043		5,089		3,589
Total investment income from non-controlled, non-affiliated investments	165,364		169,821		503,406		496,810
Investment income from non-controlled, affiliated investments:
Interest income	275		—		275		—
Payment-in-kind interest income	475		—		475		—
Dividend income	1,774		444		4,463		939
Payment-in-kind dividend income	3,007		2,760		8,701		7,960
Other income	13		—		19		—
Total investment income from non-controlled, affiliated investments	5,544		3,204		13,933		8,899
Total Investment Income	170,908		173,025		517,339		505,709
Expenses
Interest expense	$	48,278	$	49,657	$	145,984	$	146,448
Management fees	14,071		14,646		42,018		44,101
Incentive fees	10,251		6,196		24,341		29,727
Professional fees	1,670		2,372		4,986		6,598
Directors' fees	259		320		775		773
Other general and administrative	1,275		174		3,961		3,178
Total Expenses	75,804		73,365		222,065		230,825
Net Investment Income (Loss) Before Taxes	95,104		99,660		295,274		274,884
Income tax expense (benefit), including excise tax expense (benefit)	2,846		2,580		8,583		8,970
Net Investment Income (Loss) After Taxes	92,258		97,080		286,691		265,914
Net Change in Unrealized Gain (Loss)
Non-controlled, non-affiliated investments	$	57,725	$	(59,501)	$	(7,355)	$	3,277
Non-controlled, affiliated investments	13,135		(3,792)		5,177		(9,467)
Controlled, affiliated investments	37,906		—		39,932		—
Translation of assets and liabilities in foreign currencies	922		(453)		793		(161)
Total Net Change in Unrealized Gain (Loss)	109,688		(63,746)		38,547		(6,351)
Net Realized Gain (Loss):
Non-controlled, non-affiliated investments	$	(65,983)	$	23,460	$	(88,455)	$	8,037
Non-controlled, affiliated investments	(16,865)		—		(16,865)		—
Foreign currency transactions	440		10		(1,391)		(55)
Total Net Realized Gain (Loss)	(82,408)		23,470		(106,711)		7,982
Total Net Realized and Change in Unrealized Gain (Loss)	$	27,280	$	(40,276)	$	(68,164)	$	1,631
Net Increase (Decrease) in Net Assets Resulting from Operations	$	119,538	$	56,804	$	218,527	$	267,545
Earnings (Loss) Per Share - Basic and Diluted	$	0.57	$	0.28	$	1.04	$	1.31
Weighted Average Shares Outstanding - Basic and Diluted	210,331,300		205,474,428		209,162,895		204,446,780

4

Blue Owl Technology Finance Corp.

Consolidated Statements of Operations

(Amounts in thousands, except share and per share amounts)

(Unaudited)

The accompanying notes are an integral part of these consolidated financial statements.

5

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of September 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)

Company(1)(7)(18)(20)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(4)(5)	Fair Value	Percentage of Net Assets
Non-controlled/non-affiliated portfolio company investments
Debt Investments
Aerospace & defense
ManTech International Corporation(6)(9)(13)	First lien senior secured loan	S +	5.00%	09/2029	7,005		7,005	7,005	0.2	%
ManTech International Corporation(6)(13)(14)(16)	First lien senior secured delayed draw term loan	S +	5.00%	06/2025	—		—	—	—	%
ManTech International Corporation(6)(13)(14)	First lien senior secured revolving loan	S +	5.00%	09/2028	—		—	—	—	%
Peraton Corp.(3)(6)(9)(13)	Second lien senior secured loan	S +	7.75%	02/2029	84,551		83,725	79,165	2.2	%
							90,730	86,170	2.4	%
Application Software
AI Titan Parent, Inc. (dba Prometheus Group)(6)(9)(13)	First lien senior secured loan	S +	4.75%	08/2031	22,642		22,417	22,415	0.6	%
AI Titan Parent, Inc. (dba Prometheus Group)(6)(13)(14)(15)(16)	First lien senior secured delayed draw term loan	S +	4.75%	09/2026	—		(22)	(23)	—	%
AI Titan Parent, Inc. (dba Prometheus Group)(6)(13)(14)(15)	First lien senior secured revolving loan	S +	4.75%	08/2031	—		(28)	(28)	—	%
AlphaSense, Inc.(6)(8)(13)	First lien senior secured loan	S +	6.25%	06/2029	27,383		27,121	27,110	0.8	%
AlphaSense, Inc.(6)(13)(14)(15)(16)	First lien senior secured delayed draw term loan	S +	6.25%	12/2025	—		(52)	(55)	—	%
AlphaSense, Inc.(6)(13)(14)	First lien senior secured delayed draw term loan	S +	6.25%	06/2029	—		—	—	—	%
Anaplan, Inc.(6)(9)(13)	First lien senior secured loan	S +	5.25%	06/2029	50,696		50,593	50,696	1.4	%
Anaplan, Inc.(6)(13)(14)	First lien senior secured revolving loan	S +	5.75%	06/2028	—		—	—	—	%
Armstrong Bidco Limited(6)(11)(13)(23)	First lien senior secured GBP term loan	SA +	5.25%	06/2029	£	8,087	9,767	10,792	0.3	%
Artifact Bidco, Inc. (dba Avetta)(6)(9)(13)	First lien senior secured loan	S +	4.50%	07/2031	15,982		15,905	15,902	0.4	%
Artifact Bidco, Inc. (dba Avetta)(6)(13)(14)(15)(16)	First lien senior secured delayed draw term loan	S +	4.50%	07/2027	—		(9)	(10)	—	%
Artifact Bidco, Inc. (dba Avetta)(6)(13)(14)(15)	First lien senior secured revolving loan	S +	4.50%	07/2030	—		(13)	(14)	—	%
Avalara, Inc.(6)(9)(13)	First lien senior secured loan	S +	6.25%	10/2028	9,091		8,989	9,091	0.3	%
Avalara, Inc.(6)(13)(14)(15)	First lien senior secured revolving loan	S +	7.25%	10/2028	—		(9)	—	—	%
Boxer Parent Company Inc. (f/k/a BMC)(3)(6)(9)(13)	First lien senior secured loan	S +	3.75%	07/2031	10,000		9,976	9,973	0.3	%
Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.)(6)(9)(13)	First lien senior secured loan	S +	5.50%	08/2027	76,625		75,609	74,518	2.1	%
Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.)(6)(9)(13)(14)	First lien senior secured revolving loan	S +	5.50%	08/2027	2,338		2,258	2,151	0.1	%
CivicPlus, LLC(6)(9)(13)	First lien senior secured loan	S +	5.75% (2.50% PIK)	08/2027	68,151		67,785	68,151	1.9	%
CivicPlus, LLC(6)(13)(14)(15)	First lien senior secured revolving loan	S +	5.75%	08/2027	—		(23)	—	—	%

6

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of September 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)

Company(1)(7)(18)(20)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(4)(5)	Fair Value	Percentage of Net Assets
Coupa Holdings, LLC(6)(9)(13)	First lien senior secured loan	S +	5.50%	02/2030	783	783	783	—	%
Coupa Holdings, LLC(6)(13)(14)(16)	First lien senior secured delayed draw term loan	S +	5.50%	08/2025	—	—	—	—	%
Coupa Holdings, LLC(6)(13)(14)	First lien senior secured revolving loan	S +	5.50%	02/2029	—	—	—	—	%
CP PIK DEBT ISSUER, LLC (dba CivicPlus, LLC)(6)(9)(13)	Unsecured notes	S +	11.75% PIK	06/2034	42,813	42,051	42,813	1.2	%
Diamondback Acquisition, Inc. (dba Sphera)(6)(8)(13)	First lien senior secured loan	S +	5.50%	09/2028	76,060	75,090	75,300	2.1	%
Fullsteam Operations, LLC(6)(9)(13)	First lien senior secured loan	S +	8.25%	11/2029	10,593	10,303	10,593	0.3	%
Fullsteam Operations, LLC(6)(9)(13)(14)(16)	First lien senior secured delayed draw term loan	S +	8.25%	05/2025	4,536	4,360	4,517	0.1	%
Fullsteam Operations, LLC(6)(13)(14)(15)	First lien senior secured revolving loan	S +	8.25%	11/2029	—	(14)	—	—	%
Gainsight, Inc.(6)(9)(13)	First lien senior secured loan	S +	6.75% PIK	07/2027	67,754	67,259	67,754	1.9	%
Gainsight, Inc.(6)(9)(13)(14)	First lien senior secured revolving loan	S +	6.75% PIK	07/2027	2,933	2,889	2,933	0.1	%
Granicus, Inc.(6)(9)(13)	First lien senior secured loan	S +	5.75% (2.25% PIK)	01/2031	1,954	1,936	1,954	0.1	%
Granicus, Inc.(6)(8)(13)(16)	First lien senior secured delayed draw term loan	S +	5.25% (2.25% PIK)	01/2026	290	287	287	—	%
Granicus, Inc.(6)(13)(14)(15)	First lien senior secured revolving loan	S +	5.25%	01/2031	—	(2)	—	—	%
GS Acquisitionco, Inc. (dba insightsoftware)(6)(9)(13)	First lien senior secured loan	S +	5.25%	05/2028	52,529	52,345	52,135	1.5	%
GS Acquisitionco, Inc. (dba insightsoftware)(6)(13)(14)(15)(16)	First lien senior secured delayed draw term loan	S +	5.25%	03/2026	—	(5)	(10)	—	%
GS Acquisitionco, Inc. (dba insightsoftware)(6)(9)(13)(14)	First lien senior secured revolving loan	S +	5.25%	05/2028	622	608	586	—	%
JS Parent, Inc. (dba Jama Software)(6)(9)(13)	First lien senior secured loan	S +	5.00%	04/2031	13,676	13,611	13,608	0.4	%
JS Parent, Inc. (dba Jama Software)(6)(13)(14)(15)	First lien senior secured revolving loan	S +	5.00%	04/2031	—	(6)	(7)	—	%
Magnet Forensics, LLC (f/k/a Grayshift, LLC)(6)(8)(13)(23)	First lien senior secured loan	S +	5.25%	07/2028	27,832	27,799	27,832	0.8	%
Magnet Forensics, LLC (f/k/a Grayshift, LLC)(6)(13)(14)(15)(23)	First lien senior secured revolving loan	S +	5.25%	07/2028	—	(6)	—	—	%
MessageBird BidCo B.V.(6)(8)(13)(23)	First lien senior secured loan	S +	6.75%	05/2027	30,000	29,667	30,000	0.8	%
Ministry Brands Holdings, LLC(6)(8)(13)	First lien senior secured loan	S +	5.50%	12/2028	8,245	8,135	8,163	0.2	%
Ministry Brands Holdings, LLC(6)(13)(14)(15)	First lien senior secured revolving loan	S +	5.50%	12/2027	—	(8)	(7)	—	%
Simpler Postage, Inc. (dba Easypost)(6)(8)(13)	First lien senior secured loan	S +	7.00%	06/2029	18,803	17,878	17,863	0.5	%
Simpler Postage, Inc. (dba Easypost)(6)(13)(14)(15)(16)	First lien senior secured delayed draw term loan	S +	7.00%	06/2026	—	(32)	(25)	—	%
Simpler Postage, Inc. (dba Easypost)(6)(13)(14)(16)	First lien senior secured delayed draw term loan	S +	8.00%	06/2026	—	—	—	—	%

7

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of September 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)

Company(1)(7)(18)(20)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(4)(5)	Fair Value	Percentage of Net Assets
Tamarack Intermediate, L.L.C. (dba Verisk 3E)(6)(9)(13)	First lien senior secured loan	S +	5.75%	03/2028	12,148	11,983	12,056	0.3	%
Tamarack Intermediate, L.L.C. (dba Verisk 3E)(6)(13)(14)(15)	First lien senior secured revolving loan	S +	5.75%	03/2028	—	(19)	(13)	—	%
Velocity HoldCo III Inc. (dba VelocityEHS)(6)(9)(13)	First lien senior secured loan	S +	5.75%	04/2027	40,312	39,866	40,312	1.1	%
Velocity HoldCo III Inc. (dba VelocityEHS)(6)(13)(14)(15)	First lien senior secured revolving loan	S +	5.50%	04/2026	—	(17)	—	—	%
XPLOR T1, LLC(6)(9)(13)	First lien senior secured loan	S +	4.25%	06/2031	5,000	4,976	5,025	0.1	%
Zendesk, Inc.(6)(9)(13)	First lien senior secured loan	S +	5.00%	11/2028	53,033	52,260	53,033	1.5	%
Zendesk, Inc.(6)(13)(14)(15)(16)	First lien senior secured delayed draw term loan	S +	5.00%	11/2025	—	(332)	—	—	%
Zendesk, Inc.(6)(13)(14)(15)	First lien senior secured revolving loan	S +	5.00%	11/2028	—	(73)	—	—	%
						753,836	758,154	21.2	%
Banks
Finastra USA, Inc.(6)(9)(13)(23)	First lien senior secured loan	S +	7.25%	09/2029	71,723	71,020	71,723	2.0	%
Finastra USA, Inc.(6)(9)(13)(14)(23)	First lien senior secured revolving loan	S +	7.25%	09/2029	3,463	3,389	3,463	0.1	%
						74,409	75,186	2.1	%
Building products
EET Buyer, Inc. (dba e-Emphasys)(6)(9)(13)	First lien senior secured loan	S +	5.00%	11/2027	56,199	55,792	56,199	1.6	%
EET Buyer, Inc. (dba e-Emphasys)(6)(13)(14)(15)(16)	First lien senior secured delayed draw term loan	S +	5.25%	4/29/2026	—	(5)	—	—	%
EET Buyer, Inc. (dba e-Emphasys)(6)(13)(14)(15)	First lien senior secured revolving loan	S +	5.25%	11/2027	—	(32)	—	—	%
						55,755	56,199	1.6	%
Buildings & Real Estate
Associations Finance, Inc.(13)(26)	Unsecured notes		14.25% PIK	05/2030	19,276	19,139	19,276	0.5	%
Associations, Inc.(6)(9)(13)	First lien senior secured loan	S +	6.50%	07/2028	49,640	49,594	49,640	1.4	%
Associations, Inc.(6)(13)(14)(15)	First lien senior secured delayed draw term loan		6.50%	07/2028	—	(3)	—	—	%
Associations, Inc.(6)(13)(14)(15)	First lien senior secured revolving loan		6.50%	07/2028	—	(3)	—	—	%
						68,727	68,916	1.9	%
Commercial Services & Supplies
Pye-Barker Fire & Safety, LLC(6)(9)(13)	First lien senior secured loan	S +	4.50%	05/2031	14,138	14,070	14,067	0.4	%
Pye-Barker Fire & Safety, LLC(6)(9)(13)(14)(16)	First lien senior secured delayed draw term loan	S +	4.50%	05/2026	779	745	743	—	%
Pye-Barker Fire & Safety, LLC(6)(9)(13)(14)	First lien senior secured revolving loan	S +	4.50%	05/2030	341	328	327	—	%
SimpliSafe Holding Corporation(6)(8)(13)	First lien senior secured loan	S +	6.25%	05/2028	907	895	907	—	%
						16,038	16,044	0.4	%
Consumer Finance
Klarna Holding AB(6)(9)(13)	Subordinated Floating Rate Notes	S +	7.00%	04/2034	32,667	32,667	32,667	0.9	%

8

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of September 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)

Company(1)(7)(18)(20)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(4)(5)	Fair Value	Percentage of Net Assets
							32,667	32,667	0.9	%
Diversified Consumer Services
Icefall Parent, Inc. (dba EngageSmart)(6)(8)(13)	First lien senior secured loan	S +	6.50%	01/2030	12,783		12,549	12,719	0.4	%
Icefall Parent, Inc. (dba EngageSmart)(6)(13)(14)(15)	First lien senior secured revolving loan	S +	6.50%	01/2030	—		(22)	(6)	—	%
Litera Bidco LLC(6)(8)(13)	First lien senior secured loan	S +	5.00%	05/2028	115,728		115,195	115,149	3.2	%
Litera Bidco LLC(6)(8)(13)(14)(16)	First lien senior secured delayed draw term loan	S +	5.00%	11/2026	15,190		15,081	15,071	0.4	%
Litera Bidco LLC(6)(13)(14)(16)	First lien senior secured delayed draw term loan	S +	5.00%	05/2027	—		—	—	—	%
Litera Bidco LLC(6)(13)(14)(15)	First lien senior secured revolving loan	S +	5.00%	05/2028	—		(35)	(38)	—	%
Relativity ODA LLC(6)(8)(13)	First lien senior secured loan	S +	4.50%	05/2029	92,129		91,765	91,752	2.6	%
Relativity ODA LLC(6)(13)(14)(15)	First lien senior secured revolving loan	S +	4.50%	05/2029	—		(31)	(32)	—	%
							234,502	234,615	6.6	%
Diversified Financial Services
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC(13)(26)	First lien senior secured loan		12.00% PIK	07/2030	2,363		2,363	2,363	0.1	%
AAM Series 2.1 Aviation Feeder, LLC(13)(26)	First lien senior secured loan		12.00% PIK	11/2030	2,218		2,218	2,218	0.1	%
Blackhawk Network Holdings, Inc.(3)(6)(8)(13)	First lien senior secured loan	S +	5.00%	03/2029	59,850		58,706	60,071	1.7	%
BTRS HOLDINGS INC. (dba Billtrust)(6)(9)(13)	First lien senior secured loan	S +	8.00%	12/2028	839		820	835	—	%
BTRS HOLDINGS INC. (dba Billtrust)(6)(9)(13)(14)(16)	First lien senior secured delayed draw term loan	S +	8.00%	12/2024	62		62	61	—	%
BTRS HOLDINGS INC. (dba Billtrust)(6)(9)(13)(14)	First lien senior secured revolving loan	S +	7.25%	12/2028	34		32	33	—	%
CloudPay, Inc.(6)(9)(13)	First lien senior secured loan	S +	7.50%	07/2029	9,682		9,593	9,585	0.3	%
Computer Services, Inc. (dba CSI)(6)(9)(13)	First lien senior secured loan	S +	5.25%	11/2029	34,053		33,876	33,920	0.9	%
Computer Services, Inc. (dba CSI)(6)(13)(14)(15)(16)	First lien senior secured delayed draw term loan	S +	5.25%	02/2026	—		(20)	—	—	%
Hg Genesis 8 Sumoco Limited(6)(11)(13)(23)	Unsecured facility	SA +	7.00% PIK	09/2027	£	18,139	23,376	24,330	0.7	%
Hg Genesis 9 SumoCo Limited(6)(12)(13)(23)	Unsecured facility	E +	7.00% PIK	03/2027	€	8,951	9,806	9,990	0.3	%
Hg Saturn Luchaco Limited(6)(11)(13)(23)	Unsecured facility	SA +	7.50% PIK	03/2026	£	40,806	52,068	54,736	1.5	%
Minotaur Acquisition, Inc. (dba Inspira Financial)(6)(8)(13)	First lien senior secured loan	S +	5.00%	06/2030	61,837		61,200	61,174	1.7	%
Minotaur Acquisition, Inc. (dba Inspira Financial)(6)(13)(14)(15)(16)	First lien senior secured delayed draw term loan	S +	5.00%	05/2026	—		(41)	(44)	—	%
Minotaur Acquisition, Inc. (dba Inspira Financial)(6)(13)(14)(15)	First lien senior secured revolving loan	S +	5.00%	06/2030	—		(51)	(54)	—	%
NMI Acquisitionco, Inc. (dba Network Merchants)(6)(8)(13)	First lien senior secured loan	S +	5.00%	09/2028	24,418		24,327	24,418	0.7	%

9

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of September 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)

Company(1)(7)(18)(20)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(4)(5)	Fair Value	Percentage of Net Assets
NMI Acquisitionco, Inc. (dba Network Merchants)(6)(13)(14)(15)	First lien senior secured revolving loan	S +	5.50%	09/2028	—	(4)	—	—	%
Smarsh Inc.(6)(9)(13)	First lien senior secured loan	S +	5.75%	02/2029	44,190	43,880	44,190	1.2	%
Smarsh Inc.(6)(9)(13)(14)(16)	First lien senior secured delayed draw term loan	S +	5.75%	02/2025	5,524	5,450	5,524	0.2	%
Smarsh Inc.(6)(13)(14)(15)	First lien senior secured revolving loan	S +	5.75%	02/2029	—	(3)	—	—	%
						327,658	333,350	9.4	%
Energy Equipment & Services
3ES Innovation Inc. (dba Aucerna)(6)(8)(13)(23)	First lien senior secured loan	S +	6.50%	05/2025	70,050	69,922	70,050	2.0	%
3ES Innovation Inc. (dba Aucerna)(6)(13)(14)(15)(23)	First lien senior secured revolving loan	S +	6.50%	05/2025	—	(6)	—	—	%
Project Power Buyer, LLC (dba PEC-Veriforce)(6)(9)(13)	First lien senior secured loan	S +	6.75%	05/2026	51,572	51,365	51,572	1.4	%
Project Power Buyer, LLC (dba PEC-Veriforce)(6)(13)(14)(15)	First lien senior secured revolving loan	S +	7.00%	05/2025	—	(5)	—	—	%
						121,276	121,622	3.4	%
Entertainment
Aerosmith Bidco Limited (dba Audiotonix)(6)(10)(13)(23)	First lien senior secured loan	S +	5.25%	07/2031	124,748	123,176	123,146	3.4	%
Aerosmith Bidco Limited (dba Audiotonix)(6)(13)(14)(15)(23)	First lien senior secured multi-currency revolving loan	S +	5.25%	07/2030	—	(199)	(205)	—	%
Aerosmith Bidco Limited (dba Audiotonix)(6)(13)(14)(16)	First lien senior secured multi-draw term loan	S +	5.25%	07/2027	—	—	—	—	%
Aerosmith Bidco Limited (dba Audiotonix)(6)(13)(14)(15)(16)	First lien senior secured multi-draw term loan	S +	5.25%	07/2027	—	(73)	(77)	—	%
						122,904	122,864	3.4	%
Equity Real Estate Investment Trusts (REITs)
Storable, Inc.(3)(6)(8)(13)	First lien senior secured loan	S +	3.50%	04/2028	4,974	4,943	4,983	0.1	%
						4,943	4,983	0.1	%
Food & Staples Retailing
IRI Group Holdings, Inc. (f/k/a Circana Group, L.P. (f/k/a The NPD Group, L.P.))(6)(8)(13)	First lien senior secured loan	S +	5.00%	12/2028	24,353	24,353	24,353	0.7	%
IRI Group Holdings, Inc. (f/k/a Circana Group, L.P. (f/k/a The NPD Group, L.P.))(6)(8)(13)(14)	First lien senior secured revolving loan	S +	4.93%	12/2027	846	846	846	—	%
						25,199	25,199	0.7	%
Health Care Providers & Services
KWOL Acquisition Inc. (dba Worldwide Clinical Trials)(6)(10)(13)	First lien senior secured loan	S +	6.25%	12/2029	21,526	21,143	21,419	0.6	%
KWOL Acquisition Inc. (dba Worldwide Clinical Trials)(6)(9)(13)(14)	First lien senior secured revolving loan	S +	6.25%	12/2029	367	317	352	—	%
PetVet Care Centers, LLC(6)(8)(13)	First lien senior secured loan	S +	6.00%	11/2030	38,956	38,601	38,177	1.1	%
PetVet Care Centers, LLC(6)(13)(14)(15)(16)	First lien senior secured delayed draw term loan	S +	6.00%	11/2025	—	(22)	(51)	—	%

10

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of September 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)

Company(1)(7)(18)(20)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(4)(5)	Fair Value	Percentage of Net Assets
PetVet Care Centers, LLC(6)(13)(14)(15)	First lien senior secured revolving loan	S +	6.00%	11/2029	—	(48)	(107)	—	%
						59,991	59,790	1.7	%
Health Care Technology
BCPE Osprey Buyer, Inc. (dba PartsSource)(6)(9)(13)	First lien senior secured loan	S +	5.75%	08/2028	120,388	119,153	118,884	3.3	%
BCPE Osprey Buyer, Inc. (dba PartsSource)(6)(8)(13)(14)(16)	First lien senior secured delayed draw term loan	S +	5.75%	10/2025	4,565	4,312	4,453	0.1	%
BCPE Osprey Buyer, Inc. (dba PartsSource)(6)(8)(13)(14)	First lien senior secured revolving loan	S +	5.75%	08/2026	6,524	6,444	6,371	0.2	%
CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant)(6)(8)(13)	First lien senior secured loan	S +	5.00%	08/2031	58,027	57,696	57,693	1.6	%
CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant)(6)(13)(14)(16)	First lien senior secured delayed draw term loan	S +	5.25%	08/2026	—	—	—	—	%
CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant)(6)(13)(14)(15)	First lien senior secured revolving loan	S +	5.00%	08/2031	—	(28)	(29)	—	%
GI Ranger Intermediate, LLC (dba Rectangle Health)(6)(9)(13)	First lien senior secured loan	S +	6.00%	10/2028	27,024	26,650	26,551	0.7	%
GI Ranger Intermediate, LLC (dba Rectangle Health)(6)(13)(14)(15)	First lien senior secured revolving loan	S +	6.00%	10/2027	—	(23)	(39)	—	%
Greenway Health, LLC(6)(10)(13)	First lien senior secured loan	S +	6.75%	04/2029	8,707	8,525	8,555	0.2	%
Hyland Software, Inc.(6)(8)(13)	First lien senior secured loan	S +	6.00%	09/2030	85,243	84,099	84,817	2.4	%
Hyland Software, Inc.(6)(13)(14)(15)	First lien senior secured revolving loan	S +	6.00%	09/2029	—	(51)	(20)	—	%
Indikami Bidco, LLC (dba IntegriChain)(6)(8)(13)	First lien senior secured loan	S +	6.50% (2.50% PIK)	12/2030	60,676	59,419	59,765	1.7	%
Indikami Bidco, LLC (dba IntegriChain)(6)(13)(14)(15)(16)	First lien senior secured delayed draw term loan	S +	6.00%	12/2025	—	(60)	—	—	%
Indikami Bidco, LLC (dba IntegriChain)(6)(8)(13)(14)	First lien senior secured revolving loan	S +	6.00%	06/2030	2,155	2,037	2,066	0.1	%
Inovalon Holdings, Inc.(6)(9)(13)	First lien senior secured loan	S +	6.25% (2.75% PIK)	11/2028	150,106	147,801	148,230	4.2	%
Inovalon Holdings, Inc.(6)(9)(13)	Second lien senior secured loan	S +	10.50% PIK	11/2033	90,744	89,648	89,836	2.5	%
Intelerad Medical Systems Incorporated (fka 11849573 Canada Inc.)(6)(9)(13)(23)	First lien senior secured loan	S +	6.50%	08/2026	154,281	153,537	150,423	4.2	%
Intelerad Medical Systems Incorporated (fka 11849573 Canada Inc.)(6)(9)(13)(23)	First lien senior secured revolving loan	S +	6.50%	08/2026	10,847	10,784	10,576	0.3	%
Interoperability Bidco, Inc. (dba Lyniate)(6)(8)(13)	First lien senior secured loan	S +	6.25%	03/2028	87,240	86,962	85,932	2.4	%
Interoperability Bidco, Inc. (dba Lyniate)(6)(13)(14)(16)	First lien senior secured delayed draw term loan	S +	6.25%	06/2026	—	—	(86)	—	%
Interoperability Bidco, Inc. (dba Lyniate)(6)(9)(13)(14)	First lien senior secured revolving loan	S +	6.25%	03/2028	2,112	2,105	2,011	0.1	%
Neptune Holdings, Inc. (dba NexTech)(6)(8)(13)	First lien senior secured loan	S +	5.75%	08/2030	4,379	4,281	4,357	0.1	%

11

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of September 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)

Company(1)(7)(18)(20)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(4)(5)	Fair Value	Percentage of Net Assets
Neptune Holdings, Inc. (dba NexTech)(6)(13)(14)(15)	First lien senior secured revolving loan	S +	5.75%	08/2029	—		(12)	(3)	—	%
RL Datix Holdings (USA), Inc.(6)(9)(13)	First lien senior secured loan	S +	5.50%	04/2031	48,700		48,236	48,213	1.3	%
RL Datix Holdings (USA), Inc.(6)(13)(14)(16)	First lien senior secured delayed draw term loan	S +	5.50%	04/2027	—		—	—	—	%
RL Datix Holdings (USA), Inc.(6)(13)(14)(15)	First lien senior secured revolving loan	S +	5.50%	10/2030	—		(90)	(96)	—	%
RL Datix Holdings (USA), Inc.(6)(11)(13)	First lien senior secured GBP term loan	SA +	5.50%	04/2031	£	22,553	27,900	29,949	0.8	%
Salinger Bidco Inc. (dba Surgical Information Systems)(6)(9)(13)	First lien senior secured loan	S +	5.75%	08/2031	12,188		12,008	12,005	0.3	%
Salinger Bidco Inc. (dba Surgical Information Systems)(6)(13)(14)(15)(16)	First lien senior secured delayed draw term loan	S +	5.75%	08/2026	—		(9)	(9)	—	%
Salinger Bidco Inc. (dba Surgical Information Systems)(6)(13)(14)(15)	First lien senior secured revolving loan	S +	5.75%	05/2031	—		(21)	(21)	—	%
							951,303	950,384	26.5	%
Hotels, Restaurants & Leisure
MINDBODY, Inc.(6)(9)(13)	First lien senior secured loan	S +	7.00%	09/2025	72,962		72,893	72,962	2.0	%
MINDBODY, Inc.(6)(13)(14)(15)	First lien senior secured revolving loan	S +	7.00%	09/2025	—		(4)	—	—	%
Par Technology Corporation(6)(9)(13)	First lien senior secured loan	S +	5.00%	07/2029	19,286		18,996	18,985	0.5	%
							91,885	91,947	2.5	%
Household Durables
BCTO BSI Buyer, Inc. (dba Buildertrend)(6)(9)(13)	First lien senior secured loan	S +	7.50% PIK	12/2026	82,772		82,414	82,772	2.3	%
BCTO BSI Buyer, Inc. (dba Buildertrend)(6)(13)(14)(15)	First lien senior secured revolving loan	S +	7.50%	12/2026	—		(66)	—	—	%
							82,348	82,772	2.3	%
Industrial Conglomerates
Aptean Acquiror, Inc. (dba Aptean)(6)(8)(13)	First lien senior secured loan	S +	5.25%	01/2031	3,090		3,061	3,074	0.1	%
Aptean Acquiror, Inc. (dba Aptean)(6)(9)(13)(14)(16)	First lien senior secured delayed draw term loan	S +	5.25%	01/2026	8		6	8	—	%
Aptean Acquiror, Inc. (dba Aptean)(6)(13)(14)(15)	First lien senior secured revolving loan	S +	5.25%	01/2031	—		(2)	(1)	—	%
QAD, Inc.(6)(8)(13)	First lien senior secured loan	S +	4.75%	11/2027	88,393		88,394	88,393	2.5	%
QAD, Inc.(6)(13)(14)	First lien senior secured revolving loan	S +	4.75%	11/2027	—		—	—	—	%
							91,459	91,474	2.6	%
Insurance
Asurion, LLC(3)(6)(8)(13)	Second lien senior secured loan	S +	5.25%	01/2028	10,833		10,693	10,127	0.3	%
Diamond Insure Bidco (dba Acturis)(6)(13)	First lien senior secured EUR term loan	E +	4.25%	07/2031	€	625	657	683	—	%
Diamond Insure Bidco (dba Acturis)(6)(11)(13)	First lien senior secured GBP term loan	SA +	4.50%	07/2031	£	2,042	2,532	2,684	0.1	%
Disco Parent, Inc. (dba Duck Creek Technologies, Inc.)(6)(9)(13)	First lien senior secured loan	S +	7.50%	03/2029	909		891	905	—	%

12

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of September 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)

Company(1)(7)(18)(20)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(4)(5)	Fair Value	Percentage of Net Assets
Disco Parent, Inc. (dba Duck Creek Technologies, Inc.)(6)(13)(14)(15)	First lien senior secured revolving loan	S +	7.50%	03/2029	—		(2)	—	—	%
Integrity Marketing Acquisition, LLC(6)(9)(13)	First lien senior secured loan	S +	5.00%	08/2028	47,297		47,058	47,053	1.3	%
Integrity Marketing Acquisition, LLC(6)(13)(14)(15)(16)	First lien senior secured delayed draw term loan	S +	5.00%	08/2026	—		(21)	(21)	—	%
Integrity Marketing Acquisition, LLC(6)(13)(14)(15)	First lien senior secured revolving loan	S +	5.00%	08/2028	—		(7)	(7)	—	%
							61,801	61,424	1.7	%
Internet & Direct Marketing Retail
Aurelia Netherlands Midco 2 B.V.(6)(13)(23)	First lien senior secured EUR term loan	E +	5.75%	05/2031	€	25,283	26,496	28,005	0.8	%
							26,496	28,005	0.8	%
IT Services
Kaseya Inc.(6)(9)(13)	First lien senior secured loan	S +	5.50%	06/2029	15,963		15,731	15,963	0.4	%
Kaseya Inc.(6)(9)(13)(14)(16)	First lien senior secured delayed draw term loan	S +	5.50%	06/2025	184		176	184	—	%
Kaseya Inc.(6)(8)(13)(14)	First lien senior secured revolving loan	S +	5.50%	06/2029	239		226	239	—	%
							16,133	16,386	0.4	%
Life Sciences Tools & Services
Bamboo US BidCo LLC(6)(12)(13)	First lien senior secured EUR term loan	E +	6.75% (3.38% PIK)	09/2030	€	3,119	3,218	3,481	0.1	%
Bamboo US BidCo LLC(6)(9)(13)	First lien senior secured loan	S +	6.75% (3.38% PIK)	09/2030	5,013		4,882	5,013	0.1	%
Bamboo US BidCo LLC(6)(9)(13)(14)(16)	First lien senior secured delayed draw term loan	S +	6.75% (3.38% PIK)	03/2025	372		357	372	—	%
Bamboo US BidCo LLC(6)(13)(14)(15)	First lien senior secured revolving loan	E +	6.00%	10/2029	—		(26)	—	—	%
							8,431	8,866	0.2	%
Media
Monotype Imaging Holdings Inc.(6)(9)(13)	First lien senior secured loan	S +	5.50%	02/2031	58,808		58,393	58,514	1.6	%
Monotype Imaging Holdings Inc.(6)(13)(14)(15)(16)	First lien senior secured delayed draw term loan	S +	5.50%	02/2026	—		(17)	—	—	%
Monotype Imaging Holdings Inc.(6)(13)(14)(15)	First lien senior secured revolving loan	S +	5.50%	02/2030	—		(50)	(37)	—	%
							58,326	58,477	1.6	%
Multiline Retail
PDI TA Holdings, Inc.(6)(9)(13)	First lien senior secured loan	S +	5.25%	02/2031	9,011		8,886	8,921	0.2	%
PDI TA Holdings, Inc.(6)(13)(14)(15)(16)	First lien senior secured delayed draw term loan	S +	5.25%	02/2026	—		(19)	(10)	—	%
PDI TA Holdings, Inc.(6)(13)(14)(15)	First lien senior secured revolving loan	S +	5.50%	02/2031	—		(12)	(9)	—	%
							8,855	8,902	0.2	%
Pharmaceuticals

13

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of September 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)

Company(1)(7)(18)(20)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(4)(5)	Fair Value	Percentage of Net Assets
BridgeBio Pharma, Inc.(6)(9)(13)	First lien senior secured loan	S +	6.50%	01/2029	30,000	29,960	29,925	0.8	%
TG THERAPEUTICS, INC.(6)(9)(13)	First lien senior secured loan	S +	5.50%	08/2029	12,500	12,409	12,406	0.3	%
XRL 1 LLC (dba XOMA)(13)(26)	First lien senior secured loan		9.88%	12/2038	12,310	12,092	12,125	0.3	%
XRL 1 LLC (dba XOMA)(13)(14)(15)(16)(26)	First lien senior secured delayed draw term loan		9.88%	12/2025	—	(14)	(15)	—	%
						54,447	54,441	1.4	%
Professional Services
Certinia, Inc.(6)(10)(13)	First lien senior secured loan	S +	7.25%	08/2029	22,059	21,680	21,949	0.6	%
Certinia, Inc.(6)(13)(14)(15)	First lien senior secured revolving loan	S +	7.25%	08/2029	—	(47)	(15)	—	%
Cornerstone OnDemand, Inc.(6)(8)(13)	Second lien senior secured loan	S +	6.50%	10/2029	71,667	70,898	65,038	1.8	%
Gerson Lehrman Group, Inc.(6)(9)(13)	First lien senior secured loan	S +	5.25%	12/2027	18,895	18,753	18,848	0.5	%
Gerson Lehrman Group, Inc.(6)(13)(14)(15)	First lien senior secured revolving loan	S +	5.25%	12/2027	—	(7)	(2)	—	%
Thunder Purchaser, Inc. (dba Vector Solutions)(6)(9)(13)	First lien senior secured loan	S +	5.50%	06/2028	139,757	138,909	139,757	3.9	%
Thunder Purchaser, Inc. (dba Vector Solutions)(6)(9)(13)(14)	First lien senior secured revolving loan	S +	5.50%	06/2027	9,112	9,051	9,112	0.3	%
TK Operations Ltd (dba Travelperk, Inc.)(13)(26)	First lien senior secured loan		11.50% PIK	05/2029	21,520	19,827	19,798	0.6	%
When I Work, Inc.(6)(9)(13)	First lien senior secured loan	S +	7.00% PIK	11/2027	35,667	35,493	34,597	1.0	%
When I Work, Inc.(6)(13)(14)(15)	First lien senior secured revolving loan	S +	6.00%	11/2027	—	(29)	(168)	—	%
						314,528	308,914	8.7	%
Real Estate Management & Development
Entrata, Inc.(6)(8)(13)	First lien senior secured loan	S +	5.75%	07/2030	891	879	891	—	%
Entrata, Inc.(6)(13)(14)(15)	First lien senior secured revolving loan	S +	6.00%	07/2028	—	(1)	—	—	%
RealPage, Inc.(3)(6)(8)(13)	Second lien senior secured loan	S +	6.50%	04/2029	52,500	51,983	50,285	1.4	%
						52,861	51,176	1.4	%
Systems Software
Acquia Inc.(6)(9)	First lien senior secured loan	S +	7.00%	10/2025	176,509	175,992	176,509	5.0	%
Acquia Inc.(6)(9)(14)	First lien senior secured revolving loan	S +	7.00%	10/2025	4,716	4,694	4,716	0.1	%
Activate Holdings (US) Corp. (dba Absolute Software)(6)(9)(13)(23)	First lien senior secured loan	S +	5.25%	07/2030	5,725	5,703	5,717	0.2	%
Activate Holdings (US) Corp. (dba Absolute Software)(6)(13)(14)(15)(23)	First lien senior secured revolving loan	S +	5.25%	07/2029	—	(1)	(1)	—	%
Azurite Intermediate Holdings, Inc. (dba Alteryx, Inc.)(6)(8)(13)	First lien senior secured loan	S +	6.50%	03/2031	13,063	12,877	12,899	0.4	%
Azurite Intermediate Holdings, Inc. (dba Alteryx, Inc.)(6)(8)(13)(14)(16)	First lien senior secured delayed draw term loan	S +	6.50%	03/2026	19,000	18,659	18,709	0.5	%

14

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of September 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)

Company(1)(7)(18)(20)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(4)(5)	Fair Value	Percentage of Net Assets
Azurite Intermediate Holdings, Inc. (dba Alteryx, Inc.)(6)(13)(14)(15)	First lien senior secured revolving loan	S +	6.50%	03/2031	—	(66)	(59)	—	%
Arctic Wolf Networks, Inc.(13)(26)	Senior convertible notes		3.00% PIK	09/2027	127,843	155,822	155,822	4.5	%
Bayshore Intermediate #2, L.P. (dba Boomi)(6)(9)(13)	First lien senior secured loan	S +	7.75% PIK	10/2028	193,312	191,220	193,311	5.5	%
Bayshore Intermediate #2, L.P. (dba Boomi)(6)(13)(14)(15)	First lien senior secured revolving loan	S +	6.75%	10/2027	—	(132)	—	—	%
Crewline Buyer, Inc. (dba New Relic)(6)(9)(13)	First lien senior secured loan	S +	6.75%	11/2030	90,566	89,328	90,340	2.5	%
Crewline Buyer, Inc. (dba New Relic)(6)(13)(14)(15)	First lien senior secured revolving loan	S +	6.75%	11/2030	—	(123)	(24)	—	%
Delinea Buyer, Inc. (f/k/a Centrify)(6)(9)(13)	First lien senior secured loan	S +	5.75%	03/2028	77,890	76,782	77,890	2.2	%
Delinea Buyer, Inc. (f/k/a Centrify)(6)(9)(13)	First lien senior secured loan	S +	6.00%	03/2028	28,109	27,602	28,109	0.8	%
Delinea Buyer, Inc. (f/k/a Centrify)(6)(13)(14)(15)	First lien senior secured revolving loan	S +	5.75%	03/2027	—	(97)	—	—	%
Delta TopCo, Inc. (dba Infoblox, Inc.)(3)(6)(10)	Second lien senior secured loan		5.25%	11/2030	13,500	13,433	13,557	0.4	%
Forescout Technologies, Inc.(6)(9)(13)	First lien senior secured loan	S +	5.00%	05/2031	66,750	66,475	66,464	1.9	%
Forescout Technologies, Inc.(6)(13)(14)(15)	First lien senior secured revolving loan	S +	5.00%	05/2030	—	(19)	(20)	—	%
H&F Opportunities LUX III S.À R.L (dba Checkmarx)(6)(8)(13)(23)	First lien senior secured loan	S +	7.50%	04/2026	148,889	147,490	148,517	4.2	%
H&F Opportunities LUX III S.À R.L (dba Checkmarx)(6)(13)(14)(15)(23)	First lien senior secured revolving loan	S +	7.50%	04/2026	—	(192)	(63)	—	%
Ivanti Software, Inc.(6)(9)(13)	Second lien senior secured loan	S +	7.25%	12/2028	21,000	20,611	13,125	0.4	%
LogRhythm, Inc.(6)(9)(13)	First lien senior secured loan	S +	7.50%	07/2029	4,750	4,613	4,608	0.1	%
LogRhythm, Inc.(6)(13)(14)(15)	First lien senior secured revolving loan	S +	7.50%	07/2029	—	(14)	(14)	—	%
Oranje Holdco, Inc. (dba KnowBe4)(6)(9)(13)	First lien senior secured loan	S +	7.50%	02/2029	12,818	12,667	12,818	0.4	%
Oranje Holdco, Inc. (dba KnowBe4)(6)(9)(13)	First lien senior secured loan	S +	7.25%	02/2029	5,371	5,322	5,317	0.1	%
Oranje Holdco, Inc. (dba KnowBe4)(6)(13)(14)(15)	First lien senior secured revolving loan	S +	7.50%	02/2029	—	(17)	—	—	%
Ping Identity Holding Corp.(6)(9)(13)	First lien senior secured loan	S +	4.75%	10/2029	4,156	4,146	4,156	0.1	%
Ping Identity Holding Corp.(6)(13)(14)(15)	First lien senior secured revolving loan	S +	4.75%	10/2028	—	(1)	—	—	%
Rubrik, Inc.(6)(9)(13)	First lien senior secured loan	S +	7.00%	08/2028	10,394	10,284	10,394	0.3	%
Rubrik, Inc.(6)(9)(13)(14)(16)	First lien senior secured delayed draw term loan	S +	7.00%	06/2028	1,192	1,179	1,192	—	%
SailPoint Technologies Holdings, Inc.(6)(9)(13)	First lien senior secured loan	S +	6.00%	08/2029	45,640	44,898	45,526	1.3	%
SailPoint Technologies Holdings, Inc.(6)(13)(14)(15)	First lien senior secured revolving loan	S +	6.00%	08/2028	—	(56)	(11)	—	%
Securonix, Inc.(6)(9)(13)	First lien senior secured loan	S +	7.00%	04/2028	19,774	19,644	17,401	0.5	%

15

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of September 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)

Company(1)(7)(18)(20)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(4)(5)		Fair Value		Percentage of Net Assets
Securonix, Inc.(6)(9)(13)(14)	First lien senior secured revolving loan	S +	7.00%	04/2028	80		59		(347)		—	%
Sitecore Holding III A/S(6)(9)(13)	First lien senior secured loan	S +	7.75% (4.25% PIK)	03/2029	9,358		9,298		9,358		0.3	%
Sitecore USA, Inc.(6)(9)(13)	First lien senior secured loan	S +	7.75% (4.25% PIK)	03/2029	56,419		56,059		56,419		1.6	%
Sitecore Holding III A/S(6)(13)	First lien senior secured EUR term loan	E +	7.75% (4.25% PIK)	03/2029	€	54,773	57,408		61,130		1.7	%
Talon MidCo 2 Limited(6)(8)(13)(23)	First lien senior secured loan	S +	6.95%	08/2028	2,700		2,662		2,700		0.1	%
Talon MidCo 2 Limited(6)(13)(14)(15)(23)	First lien senior secured revolving loan	S +	7.00%	08/2028	—		(2)		—		—	%
							1,234,207		1,236,165		35.1	%
Total non-controlled/non-affiliated portfolio company debt investments							$	5,041,715	$	5,045,092	141.2	%
Equity Investments
Aerospace & Defense
Space Exploration Technologies Corp.(13)(17)(24)	Class A Common Stock		N/A	N/A	419,311		23,013		46,963		1.3	%
Space Exploration Technologies Corp.(13)(17)(24)	Class C Common Stock		N/A	N/A	84,250		4,011		9,436		0.3	%
							27,024		56,399		1.6	%
Application Software
6Sense Insights, Inc.(13)(17)(24)	Series E-1 Preferred Stock		N/A	N/A	1,264,514		40,066		31,140		0.9	%
Alpha Partners Technology Merger Corp(2)(17)(23)(24)	Warrants		N/A	N/A	667		—		53		—	%
Alpha Partners Technology Merger Corp(2)(23)(24)	Sponsor Shares		N/A	N/A	30,000		1,000		326		—	%
AlphaSense, LLC(13)(17)(24)	Series E Preferred Shares		N/A	N/A	131,200		5,890		5,890		0.2	%
Diligent Preferred Issuer, Inc. (dba Diligent Corporation)(13)(17)(26)	Preferred Stock		10.50% PIK	N/A	15		21,139		20,515		0.6	%
EShares, Inc. (dba Carta)(17)(24)	Series E Preferred Stock		N/A	N/A	186,904		2,008		3,951		0.1	%
Insight CP (Blocker) Holdings, L.P. (dba CivicPlus, LLC)(13)(17)(23)(24)	LP Interest		N/A	N/A	$	2,281	2,285		2,728		0.1	%
MessageBird Holding B.V.(13)(17)(23)(24)	Extended Series C Warrants		N/A	N/A	191,530		1,174		207		—	%
Nylas, Inc.(17)(24)	Series C Preferred Stock		N/A	N/A	2,088,467		15,009		4,170		0.1	%
Project Alpine Co-Invest Fund, LP(13)(17)(23)(24)	LP Interest		N/A	N/A	$	3,644	3,646		4,306		0.1	%
Saturn Ultimate, Inc.(13)(17)(24)	Common stock		N/A	N/A	5,580,593		25,008		51,050		1.4	%
Simpler Postage, Inc. (dba Easypost)(13)(17)(24)	Warrants		N/A	N/A	65,694		827		827		—	%
Zoro TopCo, Inc.(13)(17)(26)	Series A Preferred Equity		12.50% PIK	N/A	7,114		8,717		8,940		0.3	%
Zoro TopCo, L.P.(13)(17)(24)	Class A Common Units		N/A	N/A	592,872		5,929		6,455		0.2	%
							132,698		140,558		4.0	%
Construction & Engineering
Dodge Construction Network Holdings, L.P.(6)(13)(17)	Series A Preferred Units		8.25%	N/A	—		69		42		—	%

16

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of September 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)

Company(1)(7)(18)(20)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(4)(5)	Fair Value	Percentage of Net Assets
Dodge Construction Network Holdings, L.P.(13)(17)(24)	Class A-2 Common Units		N/A	N/A	3,333		2,841	1,394	—	%
							2,910	1,436	—	%
Diversified Consumer Services
SLA Eclipse Co-Invest, L.P.(3)(17)(23)(24)	LP Interest		N/A	N/A	$	15,000	15,256	17,010	0.5	%
							15,256	17,010	0.5	%
Diversified Financial Services
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC(13)(14)(17)(23)(24)	LLC Interest		N/A	N/A	$	1,487	1,487	1,731	—	%
AAM Series 2.1 Aviation Feeder, LLC(13)(14)(17)(23)(24)	LLC interest		N/A	N/A	$	962	965	989	—	%
Amergin Asset Management, LLC(13)(17)(23)(24)	Class A Units		N/A	N/A	50,000,000		—	1,608	—	%
Brex, Inc.(17)(24)	Preferred Stock		N/A	N/A	143,943		5,012	2,885	0.1	%
CloudPay, Inc.(13)(17)(23)(26)	Series E Preferred Stock		13.50% PIK	07/2031	8,252,741		8,253	8,253	0.2	%
							15,717	15,466	0.3	%
Health Care Providers & Services
KWOL Acquisition Inc. (dba Worldwide Clinical Trials)(13)(17)(24)	Class A Interest		N/A	N/A	159		1,585	1,585	—	%
Romulus Intermediate Holdings 1 Inc. (dba PetVet Care Centers)(13)(17)(26)	Series A Preferred Stock		15.00% PIK	N/A	4,419		4,858	4,799	0.1	%
							6,443	6,384	0.1	%
Health Care Technology
BEHP Co-Investor II, L.P.(13)(17)(23)(24)	LP Interest		N/A	N/A	$	1,270	1,043	1,297	—	%
Minerva Holdco, Inc.(13)(17)(26)	Senior A Preferred Stock		10.75% PIK	N/A	50,000		65,573	64,008	1.8	%
WP Irving Co-Invest, L.P.(13)(17)(23)(24)	Partnership Units		N/A	N/A	1,250,000		976	1,276	—	%
							67,592	66,581	1.8	%
Hotels, Restaurants & Leisure
VEPF Torreys Aggregator, LLC (dba MINDBODY, Inc.)(13)(17)(26)	Series A Preferred Stock		9.00% PIK	N/A	25,000		29,446	30,109	0.8	%
							29,446	30,109	0.8	%
Internet & Direct Marketing Retail
Kajabi Holdings, LLC(17)(24)	Senior Preferred Class D Units		N/A	N/A	4,126,175		50,025	39,463	1.1	%
Klaviyo, Inc.(2)(17)(24)	Series B Common Stock		N/A	N/A	1,198,270		40,018	42,395	1.2	%
Linked Store Cayman Ltd. (dba Nuvemshop)(13)(17)(23)(24)	Series E Preferred Stock		N/A	N/A	19,499		42,496	36,862	1.0	%
							132,539	118,720	3.3	%
IT Services
E2Open Parent Holdings, Inc.(2)(23)(24)	Class A Common Stock		N/A	N/A	1,650,943		17,504	7,281	0.2	%
JumpCloud, Inc.(17)(24)	Series B Preferred Stock		N/A	N/A	756,590		4,531	823	—	%

17

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of September 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)

Company(1)(7)(18)(20)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(4)(5)	Fair Value	Percentage of Net Assets
JumpCloud, Inc.(17)(24)	Series F Preferred Stock		N/A	N/A	6,679,245		40,017	29,235	0.8	%
Knockout Intermediate Holdings I Inc. (dba Kaseya Inc.)(6)(13)(17)	Perpetual Preferred Stock	S +	10.75% PIK	N/A	7,500		9,488	9,632	0.3	%
Replicated, Inc.(17)(24)	Series C Preferred Stock		N/A	N/A	1,277,832		20,008	10,502	0.3	%
WMC Bidco, Inc. (dba West Monroe)(13)(17)(26)	Senior Preferred Stock		11.25% PIK	N/A	57,231		78,213	75,472	2.1	%
							169,761	132,945	3.7	%
Pharmaceuticals
XOMA Corporation(13)(17)(24)	Warrants		N/A	N/A	12,000		82	148	—	%
							82	148	—	%
Professional Services
BCTO WIW Holdings, Inc. (dba When I Work)(13)(17)(24)	Class A Common Stock		N/A	N/A	70,000		7,000	4,130	0.1	%
Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand, Inc.)(13)(17)(26)	Series A Preferred Stock		10.50% PIK	N/A	28,000		36,462	31,886	1.0	%
Thunder Topco L.P. (dba Vector Solutions)(13)(17)(24)	Common Units		N/A	N/A	7,857,410		7,857	8,819	0.2	%
TravelPerk, Inc.(13)(17)(24)	Warrants		N/A	N/A	71,940		1,411	1,411	—	%
Vestwell Holdings, Inc.(13)(17)(24)	Series D Preferred Stock		N/A	N/A	152,175		3,020	3,000	0.1	%
							55,750	49,246	1.4	%
Road & Rail
Bolt Technology OÜ(17)(23)(24)	Preferred Stock		N/A	N/A	43,478		11,318	10,777	0.3	%
							11,318	10,777	0.3	%
Systems Software
Algolia, Inc.(17)(24)	Series C Preferred Stock		N/A	N/A	970,281		10,000	17,523	0.5	%
Algolia, Inc.(17)(24)	Series D Preferred Stock		N/A	N/A	136,776		4,000	3,027	0.1	%
Arctic Wolf Networks, Inc.(17)(24)	Preferred Stock		N/A	N/A	3,032,840		25,036	26,901	0.8	%
Brooklyn Lender Co-Invest 2, L.P. (dba Boomi)(13)(17)(24)	Common Units		N/A	N/A	12,692,160		12,692	16,381	0.5	%
Circle Internet Services, Inc.(17)(24)	Series D Preferred Stock		N/A	N/A	2,934,961		15,000	17,401	0.5	%
Circle Internet Services, Inc.(17)(24)	Series E Preferred Stock		N/A	N/A	821,806		6,917	5,937	0.2	%
Circle Internet Services, Inc.(17)(24)	Series F Preferred Stock		N/A	N/A	75,876		1,500	910	—	%
Circle Internet Services, Inc.(17)(24)	Subordinated Convertible Security		N/A	N/A	758,882		759	759	—	%
Circle Internet Services, Inc.(17)(24)	Warrants		N/A	N/A	359,000		—	888	—	%
Elliott Alto Co-Investor Aggregator L.P.(13)(17)(23)(24)	LP Interest		N/A	N/A	$	1,567	1,577	2,189	0.1	%
Excalibur CombineCo, L.P.(13)(17)(24)	Class A Units		N/A	N/A	97,502		99,452	73,595	2.1	%
Halo Parent Newco, LLC(13)(17)(26)	Class H PIK Preferred Equity		11.00% PIK	N/A	5,000		6,638	5,301	0.1	%
Harness, Inc.(17)(24)(27)	Junior Preferred Stock		N/A	N/A	1,022,648		9,169	9,169	0.3	%
Illumio, Inc.(17)(24)	Series F Preferred Stock		N/A	N/A	2,483,618		16,684	15,502	0.4	%
Illumio, Inc.(17)(24)	Common stock		N/A	N/A	358,365		2,432	1,582	—	%

18

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of September 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)

Company(1)(7)(18)(20)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(4)(5)		Fair Value		Percentage of Net Assets
Project Hotel California Co-Invest Fund, L.P.(13)(17)(23)(24)	LP Interest		N/A	N/A	$	2,685	2,687		3,053		0.1	%
Securiti, Inc.(13)(17)(24)	Series C Preferred Shares		N/A	N/A	2,525,571		20,016		20,000		0.6	%
							234,559		220,118		6.3	%
Thrifts & Mortgage Finance
Blend Labs, Inc.(2)(13)(24)	Common stock		N/A	N/A	216,953		3,000		814		—	%
Blend Labs, Inc.(13)(17)(24)	Warrants		N/A	N/A	299,216		1,625		16		—	%
							4,625		830		—	%
Total non-controlled/non-affiliated portfolio company equity investments							$	905,720	$	866,727	24.1	%
Total non-controlled/non-affiliated portfolio company investments							$	5,947,435	$	5,911,819	165.3	%
Non-controlled/affiliated portfolio company investments
Debt Investments
Internet & Direct Marketing Retail
Walker Edison Furniture Company LLC(6)(9)(13)(21)(25)	First lien senior secured loan	S +	6.75% PIK	03/2027	11,996		$	9,398	$	4,619	0.1	%
Walker Edison Furniture Company LLC(6)(9)(13)(14)(21)(25)	First lien senior secured delayed draw term loan	S +	6.75% PIK	03/2027	2,677		2,584		893		—	%
Walker Edison Furniture Company LLC(6)(9)(13)(21)(25)	First lien senior secured revolving loan	S +	6.75% PIK	03/2027	4,495		4,495		3,090		0.1	%
							16,477		8,602		0.2	%
IT Services
Pluralsight, LLC(6)(9)(13)(21)	First lien senior secured loan	S +	4.50% (1.50% PIK)	08/2029	30,357		$	30,357	$	30,357	0.8	%
Pluralsight, LLC(6)(9)(13)(21)	First lien senior secured loan	S +	7.50% PIK	08/2029	30,357		$	30,357	$	30,357	0.8	%
Pluralsight, LLC(6)(13)(14)(21)	First lien senior secured delayed draw term loan	S +	4.50% (1.50% PIK)	08/2029	—		$	—	$	—	—	%
Pluralsight, LLC(6)(13)(14)(21)	First lien senior secured revolving loan	S +	4.50%	08/2029	—		—		—		—	%
							$	60,714	$	60,714	1.6	%
Total non-controlled/affiliated portfolio company debt investments							$	77,191	$	69,316	1.8	%
Equity Investments
Insurance
Fifth Season Investments LLC(13)(17)(19)(21)	Class A Units		N/A	N/A	8		74,324		79,219		2.2	%
							74,324		79,219		2.2	%
Internet & Direct Marketing Retail
Walker Edison Holdco LLC(13)(17)(21)(24)	Common Units		N/A	N/A	98,319		9,500		—		—	%
Signifyd Inc.(17)(21)(26)	Preferred equity		9.00% PIK	04/2030	2,755,121		133,177		121,215		3.4	%
							142,677		121,215		3.4	%
IT Services
Paradigmatic Holdco LLC (dba Pluralsight)(13)(17)(21)(24)	Common stock		N/A	N/A	10,119		26,850		26,850		0.8	%

19

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of September 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)

Company(1)(7)(18)(20)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(4)(5)		Fair Value		Percentage of Net Assets
							26,850		26,850		0.8	%
Pharmaceuticals
LSI Financing 1 DAC(13)(14)(17)(21)(23)	Series 1 Notes		N/A	N/A	$	15,217	15,300		16,370		0.5	%
							15,300		16,370		0.5	%
Systems Software
Help HP SCF Investor, LP(13)(17)(21)(24)	LP Interest		N/A	N/A	$	59,333	59,379		63,429		1.8	%
							59,379		63,429		1.8	%
Total non-controlled/affiliated portfolio company equity investments							$	318,530	$	307,083	8.7	%
Total non-controlled/affiliated portfolio company investments							$	395,721	$	376,399	10.5	%
Controlled/affiliated portfolio company investments
Equity Investments
Diversified Financial Services
Revolut Ribbit Holdings, LLC(17)(22)(23)(24)	LLC Interest		N/A	N/A	$	75,031	75,262		106,443		3.0	%
							75,262		106,443		3.0	%
Joint Ventures
Blue Owl Credit SLF LLC(13)(17)(19)(23)(24)	LLC Interest		N/A	N/A	$	2,188	$	2,189	$	2,187	0.1	%
							2,189		2,187		0.1	%
Total controlled/affiliated portfolio company equity investments							$	77,451	$	108,630	3.1	%
Total controlled/affiliated portfolio company investments							$	77,451	$	108,630	3.1	%
Total Investments							$	6,420,607	$	6,396,848	178.9	%

________________

(1)Unless otherwise indicated, all investments are considered Level 3 investments.

(2)Level 1 investment.

(3)Level 2 investment.

(4)The amortized cost represents the original cost adjusted for the amortization or accretion of premium or discount, as applicable, on debt investments using the effective interest method.

(5)As of September 30, 2024, the net estimated unrealized loss on investments for U.S. federal income tax purposes was $29.3 million based on a tax cost basis of $6.43 billion. As of September 30, 2024, the estimated aggregate gross unrealized loss for U.S. federal income tax purposes was $190.0 million and the estimated aggregate gross unrealized gain for U.S. federal income tax purposes was $160.7 million.

(6)Unless otherwise indicated, loan contains a variable rate structure and may be subject to an interest rate floor. Variable rate loans bear interest at a rate that may be determined by reference to either the Secured Overnight Financing Rate (“SOFR” or “S”, which can include one-, three- or six-month SOFR), Euro Interbank Offered Rate (“EURIBOR” or “E”, which can include three- or six-month EURIBOR), or Sterling Overnight Interbank Average Rate (“SONIA” or “SA”), at the borrower’s option, and which reset periodically based on the terms of the loan agreement.

(7)Certain portfolio company investments are subject to contractual restrictions on sales. Refer to footnote 19 for additional information on our restricted securities.

(8)The interest rate on these loans is subject to 1 month SOFR, which as of September 30, 2024 was 4.85%.

(9)The interest rate on these loans is subject to 3 month SOFR, which as of September 30, 2024 was 4.59%.

(10)The interest rate on these loans is subject to 6 month SOFR, which as of September 30, 2024 was 4.25%.

(11)The interest rate on these loans is subject to SONIA, which as of September 30, 2024 was 4.95%.

(12)The interest rate on these loans is subject to 3 month EURIBOR, which as of September 30, 2024 was 3.28%.

(13)Represents co-investment made with the Company’s affiliates in accordance with the terms of an order for exemptive relief that an affiliate of the Company’s investment adviser received from the U.S. Securities and Exchange Commission. See Note 3 “Agreements and Related Party Transactions”.

(14)Position or portion thereof is an unfunded loan commitment. See Note 7 “Commitments and Contingencies”.

(15)The negative cost is the result of the capitalized discount being greater than the principal amount outstanding on the loan. The negative fair value is the result of the capitalized discount on the loan.

(16)The date disclosed represents the commitment period of the unfunded term loan. Upon expiration of the commitment period, the funded portion of the term loan may be subject to a longer maturity date.

20

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of September 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)

(17)Security acquired in transaction exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), and may be deemed to be “restricted securities” under the Securities Act. As of September 30, 2024, the aggregate fair value of these securities is $1.27 billion or 36.3% of the Company’s net assets. The acquisition dates of the restricted securities are as follows:

Portfolio Company	Investment	Acquisition Date
6Sense Insights, Inc.	Series E-1 Preferred Stock	January 20, 2022
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC	LLC Interest	July 1, 2022
AAM Series 2.1 Aviation Feeder, LLC	LLC interest	July 1, 2022
Algolia, Inc.	Series C Preferred Stock	August 30, 2019
Algolia, Inc.	Series D Preferred Stock	July 19, 2021
Project Alpine Co-Invest Fund, LP	LP Interest	June 13, 2022
AlphaSense, LLC	Series E Preferred Shares	June 27, 2024
Alpha Partners Technology Merger Corp	Warrants	July 28, 2021
Amergin Asset Management, LLC	Class A Units	July 1, 2022
Arctic Wolf Networks, Inc.	Preferred Stock	July 7, 2021
BCTO WIW Holdings, Inc. (dba When I Work)	Class A Common Stock	November 2, 2021
BEHP Co-Investor II, L.P.	LP Interest	May 11, 2022
Blend Labs, Inc.	Warrants	July 2, 2021
Blue Owl Credit SLF LLC	LLC Interest	August 1, 2024
Bolt Technology OÜ	Preferred Stock	December 10, 2021
Brooklyn Lender Co-Invest 2, L.P. (dba Boomi)	Common Units	October 1, 2021
Brex, Inc.	Preferred Stock	November 30, 2021
Circle Internet Services, Inc.	Series D Preferred Stock	May 20, 2019
Circle Internet Services, Inc.	Series E Preferred Stock	February 28, 2020
Circle Internet Services, Inc.	Series F Preferred Stock	May 4, 2021
Circle Internet Services, Inc.	Subordinated Convertible Security	April 12, 2024
Circle Internet Services, Inc.	Warrants	May 20, 2019
CloudPay, Inc.	Series E Preferred Stock	July 31, 2024
Diligent Preferred Issuer, Inc. (dba Diligent Corporation)	Preferred Stock	April 6, 2021
Dodge Construction Network Holdings, L.P.	Class A-2 Common Units	February 23, 2022
Dodge Construction Network Holdings, L.P.	Series A Preferred Units	February 23, 2022
Elliott Alto Co-Investor Aggregator L.P.	LP Interest	September 27, 2022
EShares, Inc. (dba Carta)	Series E Preferred Stock	August 1, 2019
Excalibur CombineCo, L.P.	Class A Units	July 2, 2024
Fifth Season Investments LLC	Class A Units	July 18, 2022
Halo Parent Newco, LLC	Class H PIK Preferred Equity	October 15, 2021
Harness, Inc.	Series D Preferred Stock	May 24, 2024
Help HP SCF Investor, LP	LP Interest	April 28, 2021
Project Hotel California Co-Invest Fund, L.P.	LP Interest	August 9, 2022
Illumio, Inc.	Common stock	June 23, 2021
Illumio, Inc.	Series F Preferred Stock	August 27, 2021
Insight CP (Blocker) Holdings, L.P. (dba CivicPlus, LLC)	LP Interest	June 8, 2022
JumpCloud, Inc.	Series B Preferred Stock	December 30, 2021
JumpCloud, Inc.	Series F Preferred Stock	September 3, 2021
Kajabi Holdings, LLC	Senior Preferred Class D Units	March 24, 2021
Klaviyo, Inc.	Series B Common Stock	May 4, 2021
KWOL Acquisition Inc. (dba Worldwide Clinical Trials)	Class A Interest	December 12, 2023
Knockout Intermediate Holdings I Inc. (dba Kaseya Inc.)	Perpetual Preferred Stock	June 22, 2022
Linked Store Cayman Ltd. (dba Nuvemshop)	Series E Preferred Stock	August 9, 2021

21

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of September 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)

Portfolio Company	Investment	Acquisition Date
LSI Financing 1 DAC	Series 1 Notes	December 14, 2022
MessageBird Holding B.V.	Extended Series C Warrants	May 5, 2021
Minerva Holdco, Inc.	Senior A Preferred Stock	February 15, 2022
Nylas, Inc.	Series C Preferred Stock	June 3, 2021
Pluralsight, LLC	Common stock	August 22, 2024
Replicated, Inc.	Series C Preferred Stock	June 30, 2021
Revolut Ribbit Holdings, LLC	Ordinary Shares	September 30, 2021
Romulus Intermediate Holdings 1 Inc. (dba PetVet Care Centers)	Series A Preferred Stock	November 15, 2023
Saturn Ultimate, Inc.	Common stock	December 29, 2021
Securiti, Inc.	Series C Preferred Shares	July 28, 2022
Signifyd Inc.	Preferred equity	April 8, 2021
Simpler Postage, Inc. (dba Easypost)	Warrants	June 11, 2024
SLA Eclipse Co-Invest, L.P.	LP Interest	September 30, 2019
Space Exploration Technologies Corp.	Class A Common Stock	March 25, 2021
Space Exploration Technologies Corp.	Class C Common Stock	March 25, 2021
Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand, Inc.)	Series A Preferred Stock	October 15, 2021
Thunder Topco L.P. (dba Vector Solutions)	Common Units	June 30, 2021
TravelPerk, Inc.	Warrants	May 1, 2024
VEPF Torreys Aggregator, LLC (dba MINDBODY, Inc.)	Series A Preferred Stock	October 15, 2021
Vestwell Holdings, Inc.	Series D Preferred Stock	December 20, 2023
Walker Edison Holdco LLC	Common Units	March 1, 2023
WMC Bidco, Inc. (dba West Monroe)	Senior Preferred Stock	November 9, 2021
WP Irving Co-Invest, L.P.	Partnership Units	May 18, 2022
XOMA Corporation	Warrants	December 15, 2023
Zoro TopCo, Inc.	Series A Preferred Equity	November 22, 2022
Zoro TopCo, L.P.	Class A Common Units	November 22, 2022

(18)Unless otherwise indicated, the Company’s portfolio companies are pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility, SPV Asset Facility I, SPV Asset Facility II and CLO 2020-1. See Note 5 “Debt”.

(19)This portfolio company is not pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility, SPV Asset Facility I, SPV Asset Facility II and CLO 2020-1. See Note 5 “Debt”.

(20)Unless otherwise indicated, all investments are non-controlled, non-affiliated investments. Non-controlled, non-affiliated investments are defined as investments in which the Company owns less than 5% of the portfolio company’s outstanding voting securities and does not have the power to exercise control over the management or policies of such portfolio company.

22

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of September 30, 2024

(Amounts in thousands, except share amounts)

(Unaudited)

(21)Under the Investment Company Act of 1940, as amended (the “1940 Act”), the Company is deemed to be an “Affiliated Person” of, as defined in the 1940 Act, this portfolio company, as the Company owns more than 5% of the portfolio company’s outstanding voting securities. Transactions during the period ended September 30, 2024 in which the Company was an Affiliated Person of the portfolio company are as follows:

Company	Fair Value at December 31, 2023		Gross Additions(a)		Gross Reductions(b)		Net Change in Unrealized Gain/(Loss)		Realized Gain/(Loss)		Transfers		Fair Value at September 30, 2024		Other Income		Interest Income
Fifth Season Investments LLC	$	43,904	$	30,421	$	—	$	4,894	$	—	$	—	$	79,219	$	4,416	$	—
Help HP SCF Investor, LP	67,221		—		—		(3,792)		—		—		63,429		—		—
LSI Financing 1 DAC	12,992		4,953		(2,050)		475		—		—		16,370		48		—
Pluralsight, LLC	—		87,564		—		—		—		—		87,564		—		756
Signifyd Inc.	110,500		5,653		—		5,062		—		—		121,215		8,700		—
Split Software, Inc.	22,484		—		(13,140)		7,521		(16,865)		—		—		—		—
Walker Edison Furniture Company LLC	14,992		2,593		—		(8,983)		—		—		8,602		13		—
Total	$	272,093	$	131,184	$	(15,190)	$	5,177	$	(16,865)	$	—	$	376,399	$	13,177	$	756

________________

(a)Gross additions include increases in the cost basis of investments resulting from new investments, payment-in-kind interest or dividends, and the amortization of any unearned income or discounts on equity investments, as applicable.

(b)Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, and the amortization of any premiums on equity investments, as applicable.

(22)As defined in the 1940 act, the Company is deemed to be both an “Affiliated Person” and has “Control” of this portfolio company as the Company owns more than 25% of the portfolio company’s outstanding voting securities or has the power to exercise control over management or policies of such portfolio company (including through a management agreement). The Company’s investments in controlled affiliates for the period ended September 30, 2024 were as follows:

Company	Fair Value at December 31, 2023		Gross Additions(a)		Gross Reductions(b)		Net Change in Unrealized Gain/(Loss)		Realized Gain/(Loss)		Transfers		Fair Value at September 30, 2024		Other Income		Interest Income
Blue Owl Credit SLF LLC	$	—	$	2,189	$	—	$	(2)	$	—	$	—	$	2,187	$	—	$	—
Revolut Ribbit Holdings, LLC	66,509		—		—		39,934		—		—		106,443		—		—
Total	$	66,509	$	2,189	$	—	$	39,932	$	—	$	—	$	108,630	$	—	$	—

________________

(a)Gross additions include increases in the cost basis of investments resulting from new investments, payment-in-kind interest or dividends, and the amortization of any unearned income or discounts on equity investments, as applicable.

(b)Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, and the amortization of any premiums on equity investments, as applicable.

(23)This portfolio company is not a qualifying asset under Section 55(a) of the 1940 Act. Under the 1940 Act, the Company may not acquire any non-qualifying asset unless, at the time such acquisition is made, qualifying assets represent at least 70% of total assets. As of September 30, 2024, non-qualifying assets represented 15.7% of total assets as calculated in accordance with the regulatory requirements.

(24)Non-income producing investment.

(25)Loan was on non-accrual status as of September 30, 2024.

(26)Contains a fixed-rate structure.

(27)Harness Inc. has retained 304,990 shares until June 11, 2026 as a security for indemnity obligations detailed in the Merger Agreement with Split Software, Inc.

The accompanying notes are an integral part of these consolidated financial statements.

23

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of December 31, 2023

(Amounts in thousands, except share amounts)

Company(1)(7)(19)(21)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(4)(5)	Fair Value	Percentage of Net Assets
Non-controlled/non-affiliated portfolio company investments
Debt Investments
Aerospace & defense
Peraton Corp.(3)(6)(9)(14)	Second lien senior secured loan	SR +	7.75%	02/2029	84,551		83,621	83,916	2.4	%
ManTech International Corporation(6)(9)(14)	First lien senior secured loan	SR +	5.75%	09/2029	6,685		6,570	6,635	0.2	%
ManTech International Corporation(6)(9)(14)(15)(17)	First lien senior secured delayed draw term loan	SR +	5.75%	09/2024	567		548	563	—	%
ManTech International Corporation(6)(14)(15)(16)	First lien senior secured revolving loan	SR +	5.75%	09/2028	—		(13)	(6)	—	%
					91,803		90,726	91,108	2.6	%
Application Software
Anaplan, Inc.(6)(9)(14)	First lien senior secured loan	SR +	6.50%	06/2029	49,219		48,808	49,219	1.4	%
Anaplan, Inc.(6)(14)(15)(16)	First lien senior secured revolving loan	SR +	6.50%	06/2028	—		(26)	—	—	%
Armstrong Bidco Limited(6)(11)(14)(24)	First lien senior secured loan	SA +	5.25%	06/2029	£	8,087	9,741	10,232	0.3	%
Avalara, Inc.(6)(9)(14)	First lien senior secured loan	SR +	7.25%	10/2028	9,091		8,975	9,045	0.3	%
Avalara, Inc.(6)(14)(15)(16)	First lien senior secured revolving loan	SR +	7.25%	10/2028	—		(11)	(5)	—	%
Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.)(6)(9)(14)	First lien senior secured loan	SR +	5.50%	08/2027	77,218		75,962	74,515	2.1	%
Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.)(6)(9)(14)(15)	First lien senior secured revolving loan	SR +	5.50%	08/2027	2,338		2,237	2,101	0.1	%
CivicPlus, LLC(6)(9)(14)	First lien senior secured loan	SR +	6.50% (2.50% PIK)	08/2027	67,293		66,843	67,293	1.9	%
CivicPlus, LLC(6)(8)(14)(15)	First lien senior secured revolving loan	SR +	6.00%	08/2027	1,586		1,556	1,586	—	%
Coupa Holdings, LLC(6)(8)(14)	First lien senior secured loan	SR +	7.50%	02/2030	785		767	770	—	%
Coupa Holdings, LLC(6)(14)(15)(16)(17)	First lien senior secured delayed draw term loan	SR +	7.50%	08/2024	—		(1)	(1)	—	%
Coupa Holdings, LLC(6)(14)(15)(16)	First lien senior secured revolving loan	SR +	7.50%	02/2029	—		(1)	(1)	—	%
CP PIK DEBT ISSUER, LLC (dba CivicPlus, LLC)(6)(8)(14)	Unsecured notes	SR +	11.75% PIK	06/2034	39,383		38,565	39,284	1.1	%
Community Brands ParentCo, LLC(6)(8)(14)	First lien senior secured loan	SR +	5.50%	02/2028	12,527		12,342	12,402	0.4	%
Community Brands ParentCo, LLC(6)(14)(15)(16)(17)	First lien senior secured delayed draw term loan	SR +	5.50%	02/2024	—		(10)	—	—	%

24

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of December 31, 2023

(Amounts in thousands, except share amounts)

Company(1)(7)(19)(21)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(4)(5)	Fair Value	Percentage of Net Assets
Community Brands ParentCo, LLC(6)(14)(15)(16)	First lien senior secured revolving loan	SR +	5.50%	02/2028	—	(10)	(8)	—	%
Diamondback Acquisition, Inc. (dba Sphera)(6)(8)(14)	First lien senior secured loan	SR +	5.50%	09/2028	76,649	75,525	75,499	2.1	%
Diligent Corporation(6)(9)	First lien senior secured loan	SR +	6.25%	08/2025	24,623	24,250	24,315	0.7	%
Diligent Corporation(6)(9)(15)	First lien senior secured revolving loan	SR +	6.25%	08/2025	823	810	803	—	%
Fullsteam Operations, LLC(6)(9)(14)	First lien senior secured loan	SR +	8.25%	11/2029	10,593	10,278	10,275	0.3	%
Fullsteam Operations, LLC(6)(9)(14)(15)(17)	First lien senior secured delayed draw term loan	SR +	8.25%	05/2025	1,009	923	922	—	%
Fullsteam Operations, LLC(6)(14)(15)(16)	First lien senior secured revolving loan	SR +	8.25%	11/2029	—	(17)	(18)	—	%
Gainsight, Inc.(6)(9)(14)	First lien senior secured loan	SR +	6.75% PIK	07/2027	61,814	61,212	61,196	1.7	%
Gainsight, Inc.(6)(9)(14)(15)	First lien senior secured revolving loan	SR +	6.75% PIK	07/2027	2,676	2,621	2,622	0.1	%
Granicus, Inc.(6)(9)(14)	First lien senior secured loan	SR +	5.50%	01/2027	35,152	34,686	35,064	1.0	%
Granicus, Inc.(6)(9)(14)(15)	First lien senior secured revolving loan	SR +	6.50%	01/2027	546	514	539	—	%
Grayshift, LLC(6)(8)(14)(24)	First lien senior secured loan	SR +	8.00%	07/2028	21,062	20,819	20,747	0.6	%
Grayshift, LLC(6)(14)(15)(16)(24)	First lien senior secured revolving loan	SR +	8.00%	07/2028	—	(7)	(15)	—	%
GS Acquisitionco, Inc. (dba insightsoftware)(6)(9)(14)	First lien senior secured loan	SR +	5.50%	05/2026	49,021	48,785	48,899	1.4	%
GS Acquisitionco, Inc. (dba insightsoftware)(6)(14)(15)(16)	First lien senior secured revolving loan	SR +	5.50%	05/2026	—	(13)	(8)	—	%
MessageBird BidCo B.V.(6)(8)(14)(24)	First lien senior secured loan	SR +	6.75%	05/2027	60,000	59,172	59,850	1.7	%
Ministry Brands Holdings, LLC(6)(8)(14)	First lien senior secured loan	SR +	5.50%	12/2028	8,309	8,183	8,143	0.2	%
Ministry Brands Holdings, LLC(6)(8)(14)(15)	First lien senior secured revolving loan	SR +	5.50%	12/2027	393	383	378	—	%
Tamarack Intermediate, L.L.C. (dba Verisk 3E)(6)(9)(14)	First lien senior secured loan	SR +	5.75%	03/2028	10,366	10,207	10,237	0.3	%
Tamarack Intermediate, L.L.C. (dba Verisk 3E)(6)(9)(14)(15)(17)	First lien senior secured delayed draw term loan	SR +	5.75%	10/2025	377	359	373	—	%
Tamarack Intermediate, L.L.C. (dba Verisk 3E)(6)(14)(15)(16)	First lien senior secured revolving loan	SR +	5.75%	03/2028	—	(24)	(21)	—	%
Velocity HoldCo III Inc. (dba VelocityEHS)(6)(9)(14)	First lien senior secured loan	SR +	5.75%	04/2027	40,625	40,064	40,625	1.2	%
Velocity HoldCo III Inc. (dba VelocityEHS)(6)(9)(14)(15)	First lien senior secured revolving loan	SR +	5.75%	04/2026	313	287	313	—	%

25

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of December 31, 2023

(Amounts in thousands, except share amounts)

Company(1)(7)(19)(21)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(4)(5)	Fair Value	Percentage of Net Assets
Zendesk, Inc.(6)(9)(14)	First lien senior secured loan	SR +	6.25% (3.25% PIK)	11/2028	53,033	52,152	52,370	1.5	%
Zendesk, Inc.(6)(14)(15)(16)(17)	First lien senior secured delayed draw term loan	SR +	6.25%	11/2024	—	(392)	(32)	—	%
Zendesk, Inc.(6)(14)(15)(16)	First lien senior secured revolving loan	SR +	6.25%	11/2028	—	(87)	(67)	—	%
					724,911	716,427	719,441	20.4	%
Banks
Finastra USA, Inc.(6)(10)(14)(24)	First lien senior secured loan	SR +	7.25%	09/2029	72,084	71,363	71,363	2.0	%
Finastra USA, Inc.(6)(8)(14)(15)(24)	First lien senior secured revolving loan	SR +	7.25%	09/2029	1,979	1,904	1,904	0.1	%
					74,063	73,267	73,267	2.1	%
Building products
EET Buyer, Inc. (dba e-Emphasys)(6)(9)(14)	First lien senior secured loan	SR +	6.50%	11/2027	54,261	53,822	54,261	1.5	%
EET Buyer, Inc. (dba e-Emphasys)(6)(10)(14)(15)	First lien senior secured revolving loan	SR +	6.50%	11/2027	1,070	1,030	1,070	—	%
					55,331	54,852	55,331	1.5	%
Commercial Services & Supplies
SimpliSafe Holding Corporation(6)(8)(14)	First lien senior secured loan	SR +	6.25%	05/2028	811	798	803	—	%
SimpliSafe Holding Corporation(6)(8)(14)(15)(17)	First lien senior secured delayed draw term loan	SR +	6.25%	05/2024	27	26	27	—	%
					838	824	830	—	%
Consumer Finance
Affirm, Inc.(3)(14)(24)(25)	Senior convertible notes		N/A	11/2026	25,000	19,180	20,455	0.6	%
					25,000	19,180	20,455	0.6	%
Diversified Consumer Services
Litera Bidco LLC(6)(8)(14)	First lien senior secured loan	SR +	5.25%	05/2026	151,852	150,878	151,852	4.3	%
Litera Bidco LLC(6)(14)(15)(16)	First lien senior secured revolving loan	SR +	5.25%	05/2025	—	(26)	—	—	%
Relativity ODA LLC(6)(8)(14)	First lien senior secured loan	SR +	6.50%	05/2027	131,681	130,621	131,681	3.7	%
Relativity ODA LLC(6)(14)(15)(16)	First lien senior secured revolving loan	SR +	6.50%	05/2027	—	(95)	—	—	%
Transact Holdings Inc.(3)(6)(8)(14)	First lien senior secured loan	SR +	4.25%	04/2026	8,521	8,472	8,521	0.2	%
					292,054	289,850	292,054	8.2	%
Diversified Financial Services

26

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of December 31, 2023

(Amounts in thousands, except share amounts)

Company(1)(7)(19)(21)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(4)(5)	Fair Value	Percentage of Net Assets
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC(14)(27)	First lien senior secured loan		12.00% PIK	07/2030	2,196		2,196	2,196	0.1	%
AAM Series 2.1 Aviation Feeder, LLC(14)(27)	First lien senior secured loan		12.00% PIK	11/2030	2,609		2,609	2,609	0.1	%
Computer Services, Inc.(6)(9)(14)	First lien senior secured loan	SR +	6.75%	11/2029	1,160		1,140	1,158	—	%
BTRS HOLDINGS INC.(6)(9)(14)	First lien senior secured loan	SR +	8.00%	12/2028	839		817	827	—	%
BTRS HOLDINGS INC.(6)(9)(14)(15)(17)	First lien senior secured delayed draw term loan	SR +	8.00%	12/2024	35		35	34	—	%
BTRS HOLDINGS INC.(6)(9)(14)(15)	First lien senior secured revolving loan	SR +	7.25%	12/2028	22		20	21	—	%
Hg Genesis 8 Sumoco Limited(6)(11)(14)(24)	Unsecured facility	SA +	6.00% PIK	09/2025	£	64,840	85,302	82,658	2.3	%
Hg Genesis 9 SumoCo Limited(6)(12)(14)(24)	Unsecured facility	E +	7.00% PIK	03/2027	€	8,247	9,027	9,110	0.3	%
Hg Saturn Luchaco Limited(6)(11)(14)(24)	Unsecured facility	SA +	7.50% PIK	03/2026	£	105,882	142,649	134,978	3.8	%
NMI Acquisitionco, Inc. (dba Network Merchants)(6)(8)(14)	First lien senior secured loan	SR +	5.75%	09/2025	24,607		24,453	24,484	0.7	%
NMI Acquisitionco, Inc. (dba Network Merchants)(6)(14)(15)(16)	First lien senior secured revolving loan	SR +	5.75%	09/2025	—		(7)	(6)	—	%
Smarsh Inc.(6)(9)(14)	First lien senior secured loan	SR +	5.75%	02/2029	44,190		43,840	44,080	1.2	%
Smarsh Inc.(6)(9)(14)(15)(17)	First lien senior secured delayed draw term loan	SR +	5.75%	02/2024	5,524		5,438	5,510	0.2	%
Smarsh Inc.(6)(14)(15)(16)	First lien senior secured revolving loan	SR +	5.75%	02/2029	—		(3)	(1)	—	%
					260,151		317,516	307,658	8.7	%
Electrical Equipment
BCPE Watson (DE) ORML, LP(6)(10)(14)(20)(24)	First lien senior secured loan	SR +	6.50%	07/2028	50,000		49,598	49,750	1.5	%
					50,000		49,598	49,750	1.5	%
Energy Equipment & Services
3ES Innovation Inc. (dba Aucerna)(6)(9)(14)(24)	First lien senior secured loan	SR +	6.75%	05/2025	70,601		70,324	70,601	2.0	%
3ES Innovation Inc. (dba Aucerna)(6)(8)(14)(15)(24)	First lien senior secured revolving loan	SR +	6.75%	05/2025	3,000		2,987	3,000	0.1	%
Project Power Buyer, LLC (dba PEC-Veriforce)(6)(9)(14)	First lien senior secured loan	SR +	7.00%	05/2026	51,972		51,680	51,712	1.5	%
Project Power Buyer, LLC (dba PEC-Veriforce)(6)(14)(15)(16)	First lien senior secured revolving loan	SR +	7.00%	05/2025	—		(11)	(19)	—	%
					125,573		124,980	125,294	3.6	%
Food & Staples Retailing

27

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of December 31, 2023

(Amounts in thousands, except share amounts)

Company(1)(7)(19)(21)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(4)(5)	Fair Value	Percentage of Net Assets
Circana Group, L.P. (fka The NPD Group, L.P.)(6)(8)(14)	First lien senior secured loan	SR +	6.25% (2.75% PIK)	12/2028	24,164		23,764	23,923	0.7	%
Circana Group, L.P. (fka The NPD Group, L.P.)(6)(8)(14)(15)	First lien senior secured revolving loan	SR +	5.75%	12/2027	272		250	257	—	%
					24,436		24,014	24,180	0.7	%
Health Care Providers & Services
KWOL Acquisition Inc.(6)(10)(14)	First lien senior secured loan	SR +	6.25%	12/2029	21,635		21,209	21,206	0.6	%
KWOL Acquisition Inc.(6)(10)(14)(15)	First lien senior secured revolving loan	SR +	6.25%	12/2029	881		824	823	—	%
PetVet Care Centers, LLC(6)(8)(14)	First lien senior secured loan	SR +	6.00%	11/2030	39,250		38,863	38,838	1.1	%
PetVet Care Centers, LLC(6)(14)(15)(16)(17)	First lien senior secured delayed draw term loan	SR +	6.00%	11/2025	—		(25)	(3)	—	%
PetVet Care Centers, LLC(6)(14)(15)(16)	First lien senior secured revolving loan	SR +	6.00%	11/2029	—		(57)	(56)	—	%
					61,766		60,814	60,808	1.7	%
Health Care Technology
BCPE Osprey Buyer, Inc. (dba PartsSource)(6)(9)(14)	First lien senior secured loan	SR +	5.75%	08/2028	121,316		119,884	119,799	3.4	%
BCPE Osprey Buyer, Inc. (dba PartsSource)(6)(14)(15)(16)(17)	First lien senior secured delayed draw term loan	SR +	5.75%	10/2025	—		(252)	(66)	—	%
BCPE Osprey Buyer, Inc. (dba PartsSource)(6)(8)(14)(15)	First lien senior secured revolving loan	SR +	5.75%	08/2026	3,805		3,694	3,653	0.1	%
Datix Bidco Limited (dba RLDatix)(6)(11)(14)(24)	First lien senior secured GBP term loan	SA +	4.50%	04/2025	£	637	869	813	—	%
Datix Bidco Limited (dba RLDatix)(6)(11)(14)(24)	Second lien senior secured GBP term loan	SA +	7.75%	04/2026	£	6,667	9,066	8,499	0.2	%
GI Ranger Intermediate, LLC (dba Rectangle Health)(6)(9)(14)	First lien senior secured loan	SR +	5.75%	10/2028	27,233		26,826	26,825	0.8	%
GI Ranger Intermediate, LLC (dba Rectangle Health)(6)(9)(14)(15)	First lien senior secured revolving loan	SR +	5.75%	10/2027	1,327		1,299	1,294	—	%
Greenway Health, LLC(6)(10)(14)	First lien senior secured loan	SR +	6.75%	04/2029	8,751		8,490	8,489	0.2	%
Hyland Software, Inc.(6)(8)(14)	First lien senior secured loan	SR +	6.00%	09/2030	85,887		84,635	84,599	2.4	%
Hyland Software, Inc.(6)(14)(15)(16)	First lien senior secured revolving loan	SR +	6.00%	09/2029	—		(58)	(61)	—	%
Indikami Bidco, LLC(6)(8)(14)	First lien senior secured loan	SR +	6.00%	12/2030	47,897		46,823	46,820	1.3	%
Indikami Bidco, LLC(6)(14)(15)(16)(17)	First lien senior secured delayed draw term loan	SR +	6.00%	12/2025	—		(68)	(52)	—	%
Indikami Bidco, LLC(6)(14)(15)(16)	First lien senior secured revolving loan	SR +	6.00%	06/2030	—		(134)	(135)	—	%

28

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of December 31, 2023

(Amounts in thousands, except share amounts)

Company(1)(7)(19)(21)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(4)(5)	Fair Value	Percentage of Net Assets
Imprivata, Inc.(6)(9)(14)	Second lien senior secured loan	SR +	6.25%	12/2028	17,647	17,470	17,647	0.5	%
Intelerad Medical Systems Incorporated (fka 11849573 Canada Inc.)(6)(9)(14)(24)	First lien senior secured loan	SR +	6.50%	08/2026	155,471	154,461	151,195	4.3	%
Intelerad Medical Systems Incorporated (fka 11849573 Canada Inc.)(6)(9)(14)(24)	First lien senior secured revolving loan	SR +	6.50%	08/2026	10,847	10,759	10,549	0.3	%
Interoperability Bidco, Inc. (dba Lyniate)(6)(9)(14)	First lien senior secured loan	SR +	7.00%	12/2026	84,580	84,217	83,311	2.4	%
Interoperability Bidco, Inc. (dba Lyniate)(6)(9)(14)(15)	First lien senior secured revolving loan	SR +	7.00%	12/2024	2,843	2,811	2,742	0.1	%
Inovalon Holdings, Inc.(6)(8)(14)	First lien senior secured loan	SR +	6.25% (2.75% PIK)	11/2028	137,232	134,800	135,516	3.8	%
Inovalon Holdings, Inc.(6)(14)(15)(16)(17)	First lien senior secured delayed draw term loan	SR +	5.75%	05/2024	—	(121)	—	—	%
Inovalon Holdings, Inc.(6)(8)(14)	Second lien senior secured loan	SR +	10.50% PIK	11/2033	82,583	81,449	81,757	2.3	%
Neptune Holdings, Inc. (dba NexTech)(6)(10)(14)	First lien senior secured loan	SR +	6.00%	08/2030	4,412	4,305	4,301	0.1	%
Neptune Holdings, Inc. (dba NexTech)(6)(14)(15)(16)	First lien senior secured revolving loan	SR +	6.00%	08/2029	—	(14)	(15)	—	%
RL Datix Holdings (USA), Inc.(6)(10)(14)(17)(24)	First lien senior secured delayed draw term loan	SR +	4.50%	04/2025	14,600	14,440	14,600	0.4	%
RL Datix Holdings (USA), Inc.(6)(10)(14)(15)(24)	First lien senior secured revolving loan	SR +	4.50%	10/2024	1,222	1,204	1,222	—	%
RL Datix Holdings (USA), Inc.(6)(10)(14)(24)	Second lien senior secured loan	SR +	7.75%	04/2026	22,333	22,029	22,333	0.6	%
					837,290	828,884	825,635	23.2	%
Hotels, Restaurants & Leisure
MINDBODY, Inc.(6)(9)(14)	First lien senior secured loan	SR +	7.00%	02/2025	76,739	76,538	76,356	2.2	%
MINDBODY, Inc.(6)(14)(15)(16)	First lien senior secured revolving loan	SR +	7.00%	02/2025	—	(13)	(36)	—	%
					76,739	76,525	76,320	2.2	%
Household Durables
BCTO BSI Buyer, Inc. (dba Buildertrend)(6)(9)(14)	First lien senior secured loan	SR +	7.50% PIK	12/2026	78,695	78,233	78,695	2.2	%
BCTO BSI Buyer, Inc. (dba Buildertrend)(6)(14)(15)(16)	First lien senior secured revolving loan	SR +	7.50%	12/2026	—	(88)	—	—	%
					78,695	78,145	78,695	2.2	%
Industrial Conglomerates
QAD, Inc.(6)(8)(14)	First lien senior secured loan	SR +	5.38%	11/2027	87,021	85,807	85,716	2.4	%

29

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of December 31, 2023

(Amounts in thousands, except share amounts)

Company(1)(7)(19)(21)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(4)(5)	Fair Value	Percentage of Net Assets
QAD, Inc.(6)(14)(15)(16)	First lien senior secured revolving loan	SR +	5.38%	11/2027	—		(146)	(171)	—	%
					87,021		85,661	85,545	2.4	%
Insurance
Asurion, LLC(3)(6)(8)(14)	Second lien senior secured loan	SR +	5.25%	01/2028	10,833		10,666	10,300	0.3	%
Disco Parent, Inc. (dba Duck Creek Technologies, Inc.)(6)(9)(14)	First lien senior secured loan	SR +	7.50%	03/2029	909		888	895	—	%
Disco Parent, Inc. (dba Duck Creek Technologies, Inc.)(6)(14)(15)(16)	First lien senior secured revolving loan	SR +	7.50%	03/2029	—		(2)	(1)	—	%
Integrity Marketing Acquisition, LLC(6)(9)(14)	First lien senior secured loan	SR +	5.80%	08/2026	39,676		39,577	39,676	1.1	%
Integrity Marketing Acquisition, LLC(6)(9)(14)(15)(17)	First lien senior secured delayed draw term loan	SR +	6.00%	02/2025	1,030		960	1,030	—	%
Integrity Marketing Acquisition, LLC(6)(14)(15)(16)	First lien senior secured revolving loan	SR +	6.50%	08/2026	—		(14)	—	—	%
					52,448		52,075	51,900	1.4	%
IT Services
Kaseya Inc.(6)(9)(14)	First lien senior secured loan	SR +	6.25% (2.50% PIK)	06/2029	15,744		15,484	15,704	0.4	%
Kaseya Inc.(6)(9)(14)(15)(17)	First lien senior secured delayed draw term loan	SR +	6.25% (2.50% PIK)	06/2024	58		50	58	—	%
Kaseya Inc.(6)(8)(14)(15)	First lien senior secured revolving loan	SR +	5.50%	06/2029	239		224	236	—	%
Pluralsight, LLC(6)(9)(14)	First lien senior secured loan	SR +	8.00%	04/2027	159,494		158,548	154,311	4.4	%
Pluralsight, LLC(6)(9)(14)(15)	First lien senior secured revolving loan	SR +	8.00%	04/2027	7,770		7,727	7,445	0.2	%
					183,305		182,033	177,754	5.0	%
Life Sciences Tools & Services
Bamboo US BidCo LLC(6)(12)(14)	First lien senior secured EUR term loan	E +	6.00%	09/2030	€	3,063	3,148	3,282	0.1	%
Bamboo US BidCo LLC(6)(9)(14)	First lien senior secured loan	SR +	6.00%	09/2030	4,923		4,779	4,775	0.1	%
Bamboo US BidCo LLC(6)(8)(14)(15)(17)	First lien senior secured delayed draw term loan	SR +	6.00%	03/2025	53		41	40	—	%
Bamboo US BidCo LLC(6)(14)(15)(16)	First lien senior secured revolving loan	E +	6.00%	10/2029	€	—	(29)	(31)	—	%
					8,039		7,939	8,066	0.2	%
Pharmaceuticals
XRL 1 LLC (f/k/a XOMA)(14)(27)	First lien senior secured loan		9.88%	12/2038	13,000		12,725	12,708	0.4	%

30

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of December 31, 2023

(Amounts in thousands, except share amounts)

Company(1)(7)(19)(21)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(4)(5)	Fair Value	Percentage of Net Assets
XRL 1 LLC (f/k/a XOMA)(14)(15)(16)(17)(27)	First lien senior secured delayed draw term loan		9.88%	12/2025	—	(15)	(23)	—	%
					13,000	12,710	12,685	0.4	%
Professional Services
Certinia, Inc.(6)(10)(14)	First lien senior secured loan	SR +	7.25%	08/2029	22,059	21,639	21,618	0.6	%
Certinia, Inc.(6)(14)(15)(16)	First lien senior secured revolving loan	SR +	7.25%	08/2029	—	(55)	(59)	—	%
Cornerstone OnDemand, Inc.(6)(8)(14)	Second lien senior secured loan	SR +	6.50%	10/2029	71,667	70,816	67,367	1.9	%
Gerson Lehrman Group, Inc.(6)(9)(14)	First lien senior secured loan	SR +	5.25%	12/2024	80,348	80,125	80,348	2.3	%
Gerson Lehrman Group, Inc.(6)(14)(15)(16)	First lien senior secured revolving loan	SR +	5.25%	12/2024	—	(6)	—	—	%
Motus Group, LLC(6)(8)(14)	Second lien senior secured loan	SR +	6.50%	12/2029	17,868	17,723	17,689	0.5	%
Proofpoint, Inc.(3)(6)(8)(14)	Second lien senior secured loan	SR +	6.25%	08/2029	55,000	54,786	55,413	1.6	%
Thunder Purchaser, Inc. (dba Vector Solutions)(6)(9)(14)	First lien senior secured loan	SR +	5.75%	06/2028	140,839	139,842	140,134	4.0	%
Thunder Purchaser, Inc. (dba Vector Solutions)(6)(9)(14)(15)	First lien senior secured revolving loan	SR +	5.75%	06/2027	6,637	6,559	6,581	0.2	%
When I Work, Inc.(6)(9)(14)	First lien senior secured loan	SR +	7.00% PIK	11/2027	33,813	33,604	33,221	0.9	%
When I Work, Inc.(6)(14)(15)(16)	First lien senior secured revolving loan	SR +	6.00%	11/2027	—	(36)	(98)	—	%
					428,231	424,997	422,214	12.0	%
Real Estate Management & Development
Entrata, Inc.(6)(8)(14)	First lien senior secured loan	SR +	6.00%	07/2030	897	885	884	—	%
Entrata, Inc.(6)(14)(15)(16)	First lien senior secured revolving loan	SR +	6.00%	07/2028	—	(1)	(2)	—	%
REALPAGE, INC.(3)(6)(8)(14)	Second lien senior secured loan	SR +	6.50%	04/2029	52,500	51,920	52,369	1.5	%
					53,397	52,804	53,251	1.5	%
Systems Software
Acquia Inc.(6)(10)	First lien senior secured loan	SR +	7.00%	10/2025	176,509	175,657	176,509	5.0	%
Acquia Inc.(6)(10)(15)	First lien senior secured revolving loan	SR +	7.00%	10/2025	5,800	5,764	5,800	0.2	%
Activate Holdings (US) Corp. (dba Absolute Software)(6)(9)(14)(24)	First lien senior secured loan	SR +	6.75%	07/2030	4,636	4,515	4,520	0.1	%
Activate Holdings (US) Corp. (dba Absolute Software)(6)(9)(14)(15)(24)	First lien senior secured revolving loan	SR +	6.75%	07/2030	70	61	62	—	%

31

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of December 31, 2023

(Amounts in thousands, except share amounts)

Company(1)(7)(19)(21)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(4)(5)	Fair Value	Percentage of Net Assets
Arctic Wolf Networks, Inc.(14)(27)	Senior convertible notes		3.00% PIK	09/2027	124,092	141,700	141,377	4.1	%
Bayshore Intermediate #2, L.P. (dba Boomi)(6)(9)(14)	First lien senior secured loan	SR +	7.50% PIK	10/2028	178,644	176,263	176,413	5.0	%
Bayshore Intermediate #2, L.P. (dba Boomi)(6)(9)(14)(15)	First lien senior secured revolving loan	SR +	6.75%	10/2027	2,339	2,174	2,193	0.1	%
Delinea Buyer, Inc. (f/k/a Centrify)(6)(9)(14)	First lien senior secured loan	SR +	5.75%	03/2028	78,494	77,184	78,102	2.2	%
Delinea Buyer, Inc. (f/k/a Centrify)(6)(14)(15)(16)	First lien senior secured revolving loan	SR +	5.75%	03/2027	—	(127)	(41)	—	%
Crewline Buyer, Inc.(6)(9)(14)	First lien senior secured loan	SR +	6.75%	11/2030	90,566	89,227	89,208	2.5	%
Crewline Buyer, Inc.(6)(14)(15)(16)	First lien senior secured revolving loan	SR +	6.75%	11/2030	—	(139)	(142)	—	%
Exabeam, Inc.(27)	First lien senior secured loan		12.00%	05/2028	40,000	39,640	30,400	0.9	%
Forescout Technologies, Inc.(6)(9)(14)	First lien senior secured loan	SR +	8.00%	08/2026	69,292	68,870	69,638	2.0	%
Forescout Technologies, Inc.(6)(14)(15)(16)(17)	First lien senior secured delayed draw term loan	SR +	8.00%	07/2024	—	(103)	—	—	%
Forescout Technologies, Inc.(6)(14)(15)(16)	First lien senior secured revolving loan	SR +	8.00%	08/2026	—	(47)	—	—	%
Delta TopCo, Inc. (dba Infoblox, Inc.)(6)(9)(14)	Second lien senior secured loan	SR +	7.25%	12/2028	20,000	19,931	20,000	0.6	%
H&F Opportunities LUX III S.À R.L (dba Checkmarx)(6)(8)(14)(24)	First lien senior secured loan	SR +	7.50%	04/2026	148,889	146,888	148,889	4.2	%
H&F Opportunities LUX III S.À R.L (dba Checkmarx)(6)(14)(15)(16)(24)	First lien senior secured revolving loan	SR +	7.50%	04/2026	—	(286)	—	—	%
Ivanti Software, Inc.(3)(6)(9)(14)	Second lien senior secured loan	SR +	7.25%	12/2028	21,000	20,560	16,800	0.5	%
Oranje Holdco, Inc. (dba KnowBe4)(6)(9)(14)	First lien senior secured loan	SR +	7.50%	02/2029	12,818	12,647	12,690	0.4	%
Oranje Holdco, Inc. (dba KnowBe4)(6)(14)(15)(16)	First lien senior secured revolving loan	SR +	7.50%	02/2029	—	(20)	(16)	—	%
Ping Identity Holding Corp.(6)(8)(14)	First lien senior secured loan	SR +	7.00%	10/2029	909	897	905	—	%
Ping Identity Holding Corp.(6)(14)(15)(16)	First lien senior secured revolving loan	SR +	7.00%	10/2028	—	(1)	—	—	%
Rubrik, Inc.(6)(9)(14)	First lien senior secured term loan	SR +	7.00%	08/2028	10,394	10,268	10,290	0.3	%
Rubrik, Inc.(6)(9)(14)(15)(17)	First lien senior secured delayed draw term loan	SR +	7.00%	08/2028	147	130	132	—	%
SailPoint Technologies Holdings, Inc.(6)(8)(14)	First lien senior secured loan	SR +	6.00%	08/2029	45,640	44,815	45,298	1.3	%

32

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of December 31, 2023

(Amounts in thousands, except share amounts)

Company(1)(7)(19)(21)	Investment	Interest		Maturity Date	Par / Units		Amortized Cost(4)(5)		Fair Value		Percentage of Net Assets
SailPoint Technologies Holdings, Inc.(6)(14)(15)(16)	First lien senior secured revolving loan	SR +	6.00%	08/2028	—		(67)		(33)		—	%
Securonix, Inc.(6)(9)(14)	First lien senior secured loan	SR +	6.00%	04/2028	19,774		19,622		18,538		0.5	%
Securonix, Inc.(6)(14)(15)(16)	First lien senior secured revolving loan	SR +	6.50%	04/2028	—		(25)		(222)		—	%
Sitecore Holding III A/S(6)(10)(14)	First lien senior secured loan	SR +	7.50% (4.25% PIK)	03/2029	9,035		8,969		8,968		0.3	%
Sitecore USA, Inc.(6)(10)(14)	First lien senior secured loan	SR +	7.50% (4.25% PIK)	03/2029	54,474		54,070		54,065		1.5	%
Sitecore Holding III A/S(6)(13)(14)	First lien senior secured EUR term loan	E +	7.50% (4.25% PIK)	03/2029	€	53,086	55,526		58,201		1.6	%
Talon MidCo 2 Limited(6)(9)(14)(24)	First lien senior secured loan	SR +	7.69%	08/2028	2,650		2,607		2,617		0.1	%
Talon MidCo 2 Limited(6)(14)(15)(17)(24)	First lien senior secured delayed draw term loan	SR +	7.69%	08/2024	—		—		—		—	%
Talon MidCo 2 Limited(6)(14)(15)(16)(24)	First lien senior secured revolving loan	SR +	7.69%	08/2028	—		(2)		(1)		—	%
					1,169,258		1,177,168		1,171,160		33.4	%
Thrifts & Mortgage Finance
Blend Labs, Inc.(6)(8)(14)	First lien senior secured loan	SR +	7.50%	06/2026	70,000		69,043		68,250		1.9	%
					70,000		69,043		68,250		1.9	%
Total non-controlled/non-affiliated portfolio company debt investments					$	4,843,349	$	4,870,032	$	4,851,651	137.4	%
Equity Investments
Aerospace & Defense
Space Exploration Technologies Corp.(14)(18)(25)	Class A Common Stock		N/A	N/A	419,311		23,013		38,576		1.1	%
Space Exploration Technologies Corp.(14)(18)(25)	Class C Common Stock		N/A	N/A	84,250		4,011		7,750		0.2	%
							27,024		46,326		1.3	%
Application Software
6Sense Insights, Inc.(14)(18)(25)	Series E-1 Preferred Stock		N/A	N/A	1,264,514		40,066		33,456		0.9	%
Alpha Partners Technology Merger Corp(18)(24)(25)	Common Stock Warrants		N/A	N/A	666,666		—		—		—	%
Alpha Partners Technology Merger Corp(24)(25)	Sponsor Shares		N/A	N/A	100,000		1,000		—		—	%
Diligent Preferred Issuer, Inc. (dba Diligent Corporation)(14)(18)(27)	Preferred Stock		10.50% PIK	N/A	15,000		19,044		18,481		0.5	%
EShares, Inc. (dba Carta)(18)(25)	Series E Preferred Stock		N/A	N/A	186,904		2,008		8,309		0.2	%
Insight CP (Blocker) Holdings, L.P. (dba CivicPlus, LLC)(14)(18)(24)(25)	LP Interest		N/A	N/A	2,281		2,285		2,472		0.1	%
MessageBird Holding B.V.(14)(18)(24)(25)	Extended Series C Warrants		N/A	N/A	191,530		1,174		225		—	%

33

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of December 31, 2023

(Amounts in thousands, except share amounts)

Company(1)(7)(19)(21)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(4)(5)	Fair Value	Percentage of Net Assets
Nylas, Inc.(18)(25)	Series C Preferred Stock		N/A	N/A	2,088,467	15,009	7,906	0.2	%
Project Alpine Co-Invest Fund, LP(14)(18)(24)(25)	LP Interest		N/A	N/A	3,644	3,646	4,306	0.1	%
Saturn Ultimate, Inc.(14)(18)(25)	Common stock		N/A	N/A	5,580,593	25,008	49,121	1.4	%
Zoro TopCo, Inc.(14)(18)(27)	Series A Preferred Equity		12.50% PIK	N/A	7,114	7,675	7,791	0.2	%
Zoro TopCo, L.P.(14)(18)(25)	Class A Common Units		N/A	N/A	592,872	5,929	6,455	0.2	%
						122,844	138,522	3.8	%
Capital Markets
Robinhood Markets, Inc.(2)(14)(24)(25)	Common stock		N/A	N/A	2,416,000	64,335	30,780	0.9	%
						64,335	30,780	0.9	%
Construction & Engineering
Dodge Construction Network Holdings, L.P.(14)(18)	Series A Preferred Units		8.25%	N/A	—	69	49	—	%
Dodge Construction Network Holdings, L.P.(14)(18)(25)	Class A-2 Common Units		N/A	N/A	3,333,333	2,841	2,281	0.1	%
						2,910	2,330	0.1	%
Diversified Consumer Services
SLA Eclipse Co-Invest, L.P.(3)(18)(24)(25)	LP Interest		N/A	N/A	15,000	15,217	18,110	0.5	%
						15,217	18,110	0.5	%
Diversified Financial Services
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC(14)(15)(18)(24)(25)	LLC Interest		N/A	N/A	1,406	1,405	1,406	—	%
AAM Series 2.1 Aviation Feeder, LLC(14)(15)(18)(24)(25)	LLC Interest		N/A	N/A	1,750	1,751	1,750	—	%
Amergin Asset Management, LLC(14)(18)(24)(25)	Class A Units		N/A	N/A	50,000,000	—	—	—	%
Brex, Inc.(18)(25)	Preferred Stock		N/A	N/A	143,943	5,012	3,220	0.1	%
						8,168	6,376	0.1	%
Health Care Providers & Services
KWOL Acquisition Inc.(14)(18)(25)	Common stock		N/A	N/A	159	1,585	1,585	0.1	%
Romulus Intermediate Holdings 1 Inc. (dba PetVet)(14)(18)(27)	Series A Preferred Stock		15.00% PIK	11/2028	4,419,037	4,332	4,331	0.1	%
						5,917	5,916	0.2	%
Health Care Technology
BEHP Co-Investor II, L.P.(14)(18)(24)(25)	LP Interest		N/A	N/A	1,270	1,266	1,278	—	%
Minerva Holdco, Inc. (dba Athenahealth, Inc.)(14)(18)(27)	Series A Preferred Stock		10.75% PIK	N/A	50,000	58,753	57,797	1.6	%
WP Irving Co-Invest, L.P.(14)(18)(24)(25)	Partnership Units		N/A	N/A	1,250,000	1,267	1,258	—	%
						61,286	60,333	1.6	%

34

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of December 31, 2023

(Amounts in thousands, except share amounts)

Company(1)(7)(19)(21)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(4)(5)	Fair Value	Percentage of Net Assets
Hotels, Restaurants & Leisure
Toast, Inc.(18)(25)	Warrants		N/A	N/A	5,762,612	36,254	46,428	1.3	%
Toast, Inc.(2)(25)	Common stock		N/A	N/A	322,578	6,398	5,890	0.2	%
VEPF Torreys Aggregator, LLC (dba MINDBODY, Inc.)(14)(18)(27)	Series A Preferred Stock		6.00% PIK	N/A	25,000	28,302	28,019	0.8	%
						70,954	80,337	2.3	%
Internet & Direct Marketing Retail
Kajabi Holdings, LLC(18)(25)	Senior Preferred Class D Units		N/A	N/A	4,126,175	50,025	41,170	1.2	%
Klaviyo, Inc.(2)(18)(25)	Common stock		N/A	N/A	1,198,270	40,018	31,457	0.9	%
Linked Store Cayman Ltd. (dba Nuvemshop)(14)(18)(24)(25)	Series E Preferred Stock		N/A	N/A	19,499	42,496	35,738	1.0	%
						132,539	108,365	3.1	%
IT Services
E2Open Parent Holdings, Inc.(2)(24)(25)	Class A Common Stock		N/A	N/A	1,650,943	17,504	7,248	0.2	%
JumpCloud, Inc.(18)(25)	Series B Preferred Stock		N/A	N/A	756,590	4,531	1,995	0.1	%
JumpCloud, Inc.(18)(25)	Series F Preferred Stock		N/A	N/A	6,679,245	40,017	34,491	1.1	%
Knockout Intermediate Holdings I Inc. (dba Kaseya Inc.)(14)(18)(27)	Perpetual Preferred Stock		11.75% PIK	N/A	7,500	8,266	8,404	0.2	%
Replicated, Inc.(18)(25)	Series C Preferred Stock		N/A	N/A	1,277,832	20,008	12,747	0.4	%
WMC Bidco, Inc. (dba West Monroe)(14)(18)(27)	Senior Preferred Stock		11.25% PIK	N/A	57,231	71,658	68,634	1.9	%
						161,984	133,519	3.9	%
Pharmaceuticals
XOMA Corporation(14)(18)(25)	Warrants		N/A	N/A	12,000	82	82	—	%
						82	82	—	%
Professional Services
BCTO WIW Holdings, Inc. (dba When I Work)(14)(18)(25)	Class A Common Stock		N/A	N/A	70,000	7,000	5,487	0.2	%
Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand, Inc.)(14)(18)(27)	Series A Preferred Stock		10.50% PIK	N/A	28,000	32,793	29,769	0.9	%
Thunder Topco L.P. (dba Vector Solutions)(14)(18)(25)	Common Units		N/A	N/A	7,857,410	7,857	8,720	0.3	%
Vestwell Holdings, Inc.(14)(18)(25)	Series D Preferred Stock		N/A	N/A	152,175	3,000	3,000	0.1	%
						50,650	46,976	1.5	%
Road & Rail
Bolt Technology OÜ(18)(24)(25)	Preferred Stock		N/A	N/A	43,478	11,318	10,667	0.3	%
						11,318	10,667	0.3	%
Systems Software
Algolia, Inc.(18)(25)	Series C Preferred Stock		N/A	N/A	970,281	10,000	24,314	0.7	%
Algolia, Inc.(18)(25)	Series D Preferred Stock		N/A	N/A	136,776	4,000	3,790	0.1	%

35

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of December 31, 2023

(Amounts in thousands, except share amounts)

Company(1)(7)(19)(21)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(4)(5)	Fair Value	Percentage of Net Assets
Arctic Wolf Networks, Inc.(18)(25)	Preferred Stock		N/A	N/A	3,032,840	25,036	31,387	0.9	%
Brooklyn Lender Co-Invest 2, L.P. (dba Boomi)(14)(18)(25)	Common Units		N/A	N/A	12,692,160	12,692	13,841	0.4	%
Circle Internet Services, Inc.(18)(25)	Series D Preferred Stock		N/A	N/A	2,934,961	15,000	26,381	0.8	%
Circle Internet Services, Inc.(18)(25)	Series E Preferred Stock		N/A	N/A	821,806	6,917	8,272	0.2	%
Circle Internet Services, Inc.(18)(25)	Series F Preferred Stock		N/A	N/A	75,876	1,500	1,139	—	%
Circle Internet Services, Inc.(18)(25)	Warrants		N/A	N/A	244,580	—	1,037	—	%
Elliott Alto Co-Investor Aggregator L.P.(14)(18)(24)(25)	LP Interest		N/A	N/A	1,567	1,576	1,573	—	%
Exabeam, Inc.(18)(25)	Series F-1 Preferred Stock		N/A	N/A	3,340,668	95,669	85,547	2.4	%
Halo Parent Newco, LLC(14)(18)(27)	Class H PIK Preferred Equity		11.00% PIK	N/A	5,000	6,106	4,996	0.1	%
Project Hotel California Co-Invest Fund, L.P.(14)(18)(24)(25)	LP Interest		N/A	N/A	2,685	2,687	3,045	0.1	%
Illumio, Inc.(18)(25)	Series F Preferred Stock		N/A	N/A	2,483,618	16,683	14,843	0.5	%
Illumio, Inc.(18)(25)	Common stock		N/A	N/A	358,365	2,432	1,495	—	%
Picard Holdco, LLC(6)(9)(14)(18)	Series A Preferred Stock	SR +	12.00% PIK	N/A	10,570	11,172	12,306	0.4	%
Securiti, Inc.(14)(18)(25)	Series C Preferred Stock		N/A	N/A	2,525,571	20,016	18,596	0.5	%
						231,486	252,562	7.1	%
Thrifts & Mortgage Finance
Blend Labs, Inc.(2)(14)(25)	Common stock		N/A	N/A	216,953	3,000	553	—	%
Blend Labs, Inc.(14)(18)(25)	Warrants		N/A	N/A	299,216	1,625	15	—	%
						4,625	568	—	%
Total non-controlled/non-affiliated portfolio company equity investments						971,339	941,769	26.7	%
Total non-controlled/non-affiliated portfolio company investments						5,841,371	5,793,420	164.1	%
Non-controlled/affiliated portfolio company investments
Debt Investments
Internet & Direct Marketing Retail
Walker Edison Furniture Company LLC(6)(8)(14)(22)(26)	First lien senior secured loan	SR +	6.75% (6.75% PIK)	03/2027	10,862	9,391	9,992	0.3	%
Walker Edison Furniture Company LLC(6)(14)(15)(17)(22)(26)	First lien senior secured delayed draw term loan	SR +	6.75% (6.75% PIK)	03/2027	—	—	(225)	—	%
Walker Edison Furniture Company LLC(6)(8)(14)(22)(26)	First lien senior secured revolving loan	SR +	6.25%	03/2027	4,495	4,495	4,202	0.1	%
						13,886	13,969	0.4	%

36

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of December 31, 2023

(Amounts in thousands, except share amounts)

Company(1)(7)(19)(21)	Investment	Interest		Maturity Date	Par / Units	Amortized Cost(4)(5)		Fair Value		Percentage of Net Assets
Total non-controlled/affiliated portfolio company debt investments						13,886		13,969		0.4	%
Equity Investments
Systems Software
Help HP SCF Investor, LP(14)(18)(22)(25)	LP Interest		N/A	N/A	59,333	59,379		67,221		1.9	%
Split Software, Inc.(18)(22)(25)	Series D Non-Participating Convertible Preferred Stock		N/A	N/A	12,335,526	30,005		22,484		0.7	%
						89,384		89,705		2.6	%
Insurance
Fifth Season Investments LLC(14)(18)(20)(22)	Class A Units		N/A	N/A	8	43,904		43,904		1.2	%
						43,904		43,904		1.2	%
Internet & Direct Marketing Retail
Walker Edison Holdco LLC(14)(18)(22)(25)	Common Units		N/A	N/A	98,319	9,500		1,023		—	%
Signifyd Inc.(18)(22)(27)	Series E Preferred Shares		9.00% PIK	N/A	2,755,121	127,523		110,500		3.1	%
						137,023		111,523		3.1	%
Pharmaceuticals
LSI Financing 1 DAC(14)(18)(22)(24)	Preferred Equity		N/A	N/A	12,317,000	12,396		12,992		0.4	%
						12,396		12,992		0.4	%
Total non-controlled/affiliated portfolio company equity investments						$	282,707	$	258,124	7.3	%
Total non-controlled/affiliated portfolio company investments						$	296,593	$	272,093	7.7	%
Controlled/affiliated portfolio company investments
Equity Investments
Diversified Financial Services
Revolut Ribbit Holdings, LLC(18)(23)(24)(25)	LLC Interest		N/A	N/A	75,031	75,262		66,509		1.9	%
						75,262		66,509		1.9	%
Total controlled/affiliated portfolio company equity investments						$	75,262	$	66,509	1.9	%
Total controlled/affiliated portfolio company investments						$	75,262	$	66,509	1.9	%
Total Investments						$	6,213,226	$	6,132,022	173.7	%

________________

(1)Unless otherwise indicated, all investments are considered Level 3 investments.

(2)Level 1 investment.

(3)Level 2 investment.

(4)The amortized cost represents the original cost adjusted for the amortization or accretion of premium or discount, as applicable, on debt investments using the effective interest method.

37

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of December 31, 2023

(Amounts in thousands, except share amounts)

(5)As of December 31, 2023, the net estimated unrealized loss on investments for U.S. federal income tax purposes was $25.4 million based on a tax cost basis of $6.2 billion. As of December 31, 2023, the estimated aggregate gross unrealized loss for U.S. federal income tax purposes was $160.4 million and the estimated aggregate gross unrealized gain for U.S. federal income tax purposes was $135.0 million.

(6)Unless otherwise indicated, loan contains a variable rate structure and may be subject to an interest rate floor. Variable rate loans bear interest at a rate that may be determined by reference to either the Secured Overnight Financing Rate (“SOFR” or “SR”, which can include one-, three- or six-month SOFR), Euro Interbank Offered Rate (“EURIBOR” or “E”, which can include three- or six-month EURIBOR), or Sterling Overnight Interbank Average Rate (“SONIA” or “SA”) at the borrower’s option, and which reset periodically based on the terms of the loan agreement.

(7)Certain portfolio company investments are subject to contractual restrictions on sales. Refer to footnote 19 for additional information on our restricted securities.

(8)The interest rate on these loans is subject to 1 month SOFR, which as of December 31, 2023 was 5.35%.

(9)The interest rate on these loans is subject to 3 month SOFR, which as of December 31, 2023 was 5.33%.

(10)The interest rate on these loans is subject to 6 month SOFR, which as of December 31, 2023 was 5.16%.

(11)The interest rate on these loans is subject to SONIA, which as of December 31, 2023 was 5.19%.

(12)The interest rate on these loans is subject to 3 month EURIBOR, which as of December 31, 2023 was 3.91%.

(13)The interest rate on these loans is subject to 6 month EURIBOR, which as of December 31, 2023 was 3.86%.

(14)Represents co-investment made with the Company’s affiliates in accordance with the terms of an order for exemptive relief that an affiliate of the Company's investment adviser received from the U.S. Securities and Exchange Commission. See Note 3 “Agreements and Related Party Transactions”.

(15)Position or portion thereof is an unfunded loan commitment. See Note 7 “Commitments and Contingencies”.

(16)The negative cost is the result of the capitalized discount being greater than the principal amount outstanding on the loan. The negative fair value is the result of the capitalized discount on the loan.

(17)The date disclosed represents the commitment period of the unfunded term loan. Upon expiration of the commitment period, the funded portion of the term loan may be subject to a longer maturity date.

(18)Security acquired in transaction exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), and may be deemed to be “restricted securities“ under the Securities Act. As of December 31, 2023, the aggregate fair value of these securities is $1.2 billion or 34.6% of the Company’s net assets. The acquisition dates of the restricted securities are as follows:

Portfolio Company	Investment	Acquisition Date
6Sense Insights, Inc.	Series E-1 Preferred Stock	January 20, 2022
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC	LLC Interest	July 1, 2022
AAM Series 2.1 Aviation Feeder, LLC	LLC Interest	July 1, 2022
Algolia, Inc.	Series C Preferred Stock	August 30, 2019
Algolia, Inc.	Series D Preferred Stock	July 19, 2021
Project Alpine Co-Invest Fund, LP	LP Interest	June 13, 2022
Alpha Partners Technology Merger Corp	Common Stock Warrants	July 28, 2021
Amergin Asset Management, LLC	Class A Units	July 1, 2022
Arctic Wolf Networks, Inc.	Preferred Stock	July 7, 2021
BCTO WIW Holdings, Inc. (dba When I Work)	Class A Common Stock	November 2, 2021
BEHP Co-Investor II, L.P.	LP Interest	May 11, 2022
Blend Labs, Inc.	Warrants	July 2, 2021
Bolt Technology OÜ	Preferred Stock	December 10, 2021
Brooklyn Lender Co-Invest 2, L.P. (dba Boomi)	Common Units	October 1, 2021
Brex, Inc.	Preferred Stock	November 30, 2021
Circle Internet Services, Inc.	Series D Preferred Stock	May 20, 2019
Circle Internet Services, Inc.	Series E Preferred Stock	February 28, 2020
Circle Internet Services, Inc.	Series F Preferred Stock	May 4, 2021
Circle Internet Services, Inc.	Warrants	May 20, 2019
Diligent Preferred Issuer, Inc. (dba Diligent Corporation)	Preferred Stock	April 6, 2021
Dodge Construction Network Holdings, L.P.	Class A-2 Common Units	February 23, 2022
Dodge Construction Network Holdings, L.P.	Series A Preferred Units	February 23, 2022
Elliott Alto Co-Investor Aggregator L.P.	LP Interest	September 27, 2022
EShares, Inc. (dba Carta)	Series E Preferred Stock	August 1, 2019
Exabeam, Inc.	Series F-1 Preferred Stock	May 12, 2023
Fifth Season Investments LLC	Class A Units	July 18, 2022
Halo Parent Newco, LLC	Class H PIK Preferred Equity	October 15, 2021

38

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of December 31, 2023

(Amounts in thousands, except share amounts)

Portfolio Company	Investment	Acquisition Date
Help HP SCF Investor, LP	LP Interest	April 28, 2021
Project Hotel California Co-Invest Fund, L.P.	LP Interest	August 9, 2022
Illumio, Inc.	Common stock	June 23, 2021
Illumio, Inc.	Series F Preferred Stock	August 27, 2021
Insight CP (Blocker) Holdings, L.P. (dba CivicPlus, LLC)	LP Interest	June 8, 2022
JumpCloud, Inc.	Series B Preferred Stock	December 30, 2021
JumpCloud, Inc.	Series F Preferred Stock	September 3, 2021
Kajabi Holdings, LLC	Senior Preferred Class D Units	March 24, 2021
Klaviyo, Inc.	Common stock	May 4, 2021
Knockout Intermediate Holdings I Inc. (dba Kaseya Inc.)	Perpetual Preferred Stock	June 22, 2022
KWOL Acquisition Inc.	Common stock	December 12, 2023
Linked Store Cayman Ltd. (dba Nuvemshop)	Series E Preferred Stock	August 9, 2021
LSI Financing 1 DAC	Preferred Equity	December 14, 2022
MessageBird Holding B.V.	Extended Series C Warrants	May 5, 2021
Minerva Holdco, Inc. (dba Athenahealth, Inc.)	Series A Preferred Stock	February 15, 2022
Nylas, Inc.	Series C Preferred Stock	June 3, 2021
Picard Holdco, LLC	Series A Preferred Stock	September 30, 2022
Replicated, Inc.	Series C Preferred Stock	June 30, 2021
Revolut Ribbit Holdings, LLC	Ordinary Shares	September 30, 2021
Romulus Intermediate Holdings 1 Inc. (dba PetVet)	Series A Preferred Stock	November 15, 2023
Saturn Ultimate, Inc.	Common stock	December 29, 2021
Securiti, Inc.	Series C Preferred Stock	July 28, 2022
Signifyd Inc.	Series E Preferred Shares	April 8, 2021
SLA Eclipse Co-Invest, L.P.	LP Interest	September 30, 2019
Space Exploration Technologies Corp.	Class A Common Stock	March 25, 2021
Space Exploration Technologies Corp.	Class C Common Stock	March 25, 2021
Split Software, Inc.	Series D Non-Participating Convertible Preferred Stock	August 13, 2021
Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand, Inc.)	Series A Preferred Stock	October 15, 2021
Thunder Topco L.P. (dba Vector Solutions)	Common Units	June 30, 2021
Toast, Inc.	Warrants	June 21, 2021
VEPF Torreys Aggregator, LLC (dba MINDBODY, Inc.)	Series A Preferred Stock	October 15, 2021
Vestwell Holdings, Inc.	Series D Preferred Stock	December 20, 2023
Walker Edison Holdco LLC	Common Units	March 1, 2023
WMC Bidco, Inc. (dba West Monroe)	Senior Preferred Stock	November 9, 2021
WP Irving Co-Invest, L.P.	Partnership Units	May 18, 2022
XOMA Corporation	Warrants	December 15, 2023
Zoro TopCo, Inc.	Series A Preferred Equity	November 22, 2022
Zoro TopCo, L.P.	Class A Common Units	November 22, 2022

(19)Unless otherwise indicated, the Company’s portfolio companies are pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility, SPV Asset Facility I, SPV Asset Facility II and CLO 2020-1. See Note 5 “Debt”.

(20)This portfolio company is not pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility, SPV Asset Facility I, SPV Asset Facility II and CLO 2020-1. See Note 5 “Debt”.

(21)Unless otherwise indicated, all investments are non-controlled, non-affiliated investments. Non-controlled, non-affiliated investments are defined as investments in which the Company owns less than 5% of the portfolio company’s outstanding voting securities and does not have the power to exercise control over the management or policies of such portfolio company.

(22)Under the Investment Company Act of 1940, as amended (the “1940 Act”), the Company is deemed to be an “Affiliated Person” of, as defined in the 1940 Act, this portfolio company, as the Company owns more than 5% of the portfolio company’s outstanding voting securities. Transactions during the period ended December 31, 2023 in which the Company was an Affiliated Person of the portfolio company are as follows:

39

Blue Owl Technology Finance Corp.

Consolidated Schedule of Investments

As of December 31, 2023

(Amounts in thousands, except share amounts)

Company	Fair Value at December 31, 2022		Gross Additions(a)		Gross Reductions(b)		Net Change in Unrealized Gain/(Loss)		Realized Gain/(Loss)		Transfers		Fair Value at December 31, 2023		Other Income		Interest Income
Fifth Season Investments LLC	$	25,110	$	18,646	$	—	$	148	$	—	$	—	$	43,904	$	1,390	$	—
Help HP SCF Investor, LP	65,192		—		—		2,029		—		—		67,221		—		—
LSI Financing 1 DAC	4,013		10,237		(1,886)		628		—		—		12,992		164		—
Signifyd Inc.	109,216		10,720		—		(9,436)		—		—		110,500		10,720		—
Split Software, Inc.	27,836		—		—		(5,352)		—		—		22,484		—		—
Walker Edison Furniture Company LLC	—		23,385		—		(8,393)		—		—		14,992		—		—
Total	$	231,367	$	62,988	$	(1,886)	$	(20,376)	$	—	$	—	$	272,093	$	12,274	$	—

(a)Gross additions include increases in the cost basis of investments resulting from new investments, payment-in-kind interest or dividends, and the amortization of any unearned income or discounts on equity investments, as applicable.

(b)Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, and the amortization of any premiums on equity investments, as applicable.

(23)As defined in the 1940 act, the Company is deemed to be both an “Affiliated Person” and has “Control” of this portfolio company as the Company owns more than 25% of the portfolio company’s outstanding voting securities or has the power to exercise control over management or policies of such portfolio company (including through a management agreement). The Company’s investments in affiliates for the period ended December 31, 2023 were as follows:

Company	Fair Value at December 31, 2022		Gross Additions(a)		Gross Reductions(b)		Net Change in Unrealized Gain/(Loss)		Realized Gain/(Loss)		Transfers		Fair Value at December 31, 2023		Other Income		Interest Income
Revolut Ribbit Holdings, LLC	$	66,509	$	11	$	—	$	(11)	$	—	$	—	$	66,509	$	—	$	—
Total	$	66,509	$	11	$	—	$	(11)	$	—	$	—	$	66,509	$	—	$	—

(a)Gross additions include increases in the cost basis of investments resulting from new investments, payment-in-kind interest or dividends, and the amortization of any unearned income or discounts on equity investments, as applicable.

(b)Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, and the amortization of any premiums on equity investments, as applicable.

(24)This portfolio company is not a qualifying asset under Section 55(a) of the 1940 Act. Under the 1940 Act, the Company may not acquire any non-qualifying asset unless, at the time such acquisition is made, qualifying assets represent at least 70% of total assets. As of December 31, 2023, non-qualifying assets represented 16.5% of total assets as calculated in accordance with the regulatory requirements.

(25)Non-income producing investment.

(26)Loan was on non-accrual status as of December 31, 2023.

(27)Contains a fixed-rate structure.

The accompanying notes are an integral part of these consolidated financial statements.

40

Blue Owl Technology Finance Corp.

Consolidated Statements of Changes in Net Assets

(Amounts in thousands)

(Unaudited)

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2024		2023		2024		2023
Increase (Decrease) in Net Assets Resulting from Operations
Net investment income (loss)	$	92,258	$	97,080	$	286,691	$	265,914
Net change in unrealized gain (loss)	109,688		(63,746)		38,547		(6,351)
Realized gain (loss)	(82,408)		23,470		(106,711)		7,982
Net Increase (Decrease) in Net Assets Resulting from Operations	119,538		56,804		218,527		267,545
Distributions
Distributions declared from earnings	(76,545)		(77,028)		(236,029)		(223,426)
Net Decrease in Net Assets Resulting from Shareholders' Distributions	(76,545)		(77,028)		(236,029)		(223,426)
Capital Share Transactions
Reinvestment of distributions	22,161		19,888		63,019		53,406
Net Increase/(Decrease) in Net Assets Resulting from Capital Share Transactions	22,161		19,888		63,019		53,406
Total Increase/(Decrease) in Net Assets	65,154		(336)		45,517		97,525
Net Assets, at beginning of period	3,510,357		3,485,226		3,529,994		3,387,365
Net Assets, at end of period	$	3,575,511	$	3,484,890	$	3,575,511	$	3,484,890

The accompanying notes are an integral part of these consolidated financial statements.

41

Blue Owl Technology Finance Corp.

Consolidated Statements of Cash Flows

(Amounts in thousands)

(Unaudited)

	For the Nine Months Ended September 30,
	2024		2023
Cash Flows from Operating Activities
Net Increase (Decrease) in Net Assets Resulting from Operations	$	218,527	$	267,545
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:
Purchases of investments, net	(1,430,018)		(434,155)
Proceeds from investments and investment repayments, net	1,235,677		741,160
Net amortization/accretion of premium/discount on investments	(31,814)		(24,588)
Net change in unrealized (gain) loss on investments	(37,754)		6,190
Net change in unrealized (gains) losses on translation of assets and liabilities in foreign currencies	(793)		162
Net realized (gain) loss on investments	105,320		(8,037)
Net realized (gain) loss on foreign currency transactions relating to investments	14,377		22
Paid-in-kind interest	(82,120)		(87,848)
Paid-in-kind dividend	(18,803)		(25,021)
Amortization of debt issuance costs	6,528		7,349
Changes in operating assets and liabilities:
(Increase) decrease in interest receivable	(8,818)		881
(Increase) decrease in dividend income receivable	540		(999)
(Increase) decrease in paid-in-kind interest receivable	(5,384)		(6,449)
(Increase) decrease in prepaid expenses and other assets	(36,841)		(186)
Increase (decrease) in management fee payable	(182)		403
Increase (decrease) in incentive fee payable	(7,664)		1,828
Increase (decrease) in payables to affiliates	127		(872)
Increase (decrease) in payable for investments purchased	(24,163)		—
Increase (decrease) in accrued expenses and other liabilities	5,666		18,502
Net cash provided by (used in) operating activities	(97,592)		455,887
Cash Flows from Financing Activities
Borrowings on debt	156,829		552,153
Payments on debt	(167,700)		(788,154)
Debt issuance costs	(731)		(10,174)
Distributions paid	(173,348)		(152,107)
Net cash provided by (used in) financing activities	(184,950)		(398,282)
Net increase (decrease) in cash	(282,542)		57,605
Cash, beginning of period	469,017		203,293
Cash, end of period	$	186,475	$	260,898
Supplemental and Non-Cash Information
Interest paid during the period	$	131,689	$	123,394
Distributions declared during the period	236,029		223,426
Reinvestment of distributions during the period	63,019		53,406
Distribution payable	76,545		77,028
Taxes, including excise tax, paid during the period	10,155		7,900

The accompanying notes are an integral part of these consolidated financial statements.

42

Blue Owl Technology Finance Corp.

Notes to Consolidated Financial Statements (Unaudited)

Note 1. Organization

Blue Owl Technology Finance Corp. (the “Company”) is a Maryland corporation formed on July 12, 2018. The Company was formed primarily to originate and make loans to, and make debt and equity investments in, technology-related companies, specifically software, based primarily in the United States. The Company originates and invests in senior secured or unsecured loans, subordinated loans or mezzanine loans, and equity-related securities including common equity, warrants, preferred stock and similar forms of senior equity, which may or may not be convertible into a portfolio company’s common equity. The Company’s investment objective is to maximize total return by generating current income from its debt investments and other income producing securities, and capital appreciation from its equity and equity-linked investments. The Company intends to invest at least 80% of the value of its total assets in "technology-related" companies. The Company defines technology-related companies as those that operate in the technology industry or sector, or those that are developing or offering goods to businesses and consumers which utilize scientific knowledge, including techniques, skills, methods, devices and processes to solve problems. The Company specifically focuses on software and enterprise software companies within the technology and technology-related universe of companies. The Company invests in a broad range of established and high growth technology companies with a focus on enterprise software companies that are capitalizing on the large and growing demand for enterprise software products and services. These companies use technology extensively to improve business processes, applications and opportunities or seek to grow through technological developments and innovations. These companies operate in technology-related industries or sectors which include, but are not limited to, application software, systems software, healthcare information technology, technology services and infrastructure, financial technology and internet and digital media.

The Company has elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). In addition, for tax purposes, the Company is treated as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). Because the Company has elected to be regulated as a BDC and qualifies as a RIC under the Code, the Company’s portfolio is subject to diversification and other requirements.

On September 24, 2018, the Company formed a wholly-owned subsidiary, OR Tech Lending LLC, a Delaware limited liability company, which holds a California finance lenders license. OR Tech Lending LLC originates loans to borrowers headquartered in California. From time to time the Company may form wholly-owned subsidiaries to facilitate the normal course of business.

Blue Owl Technology Credit Advisors LLC (the “Adviser”) serves as the Company’s investment adviser, an indirect affiliate of Blue Owl Capital, Inc. (“Blue Owl”) (NYSE: OWL) and part of Blue Owl’s Credit platform, which focuses on direct lending. The Adviser is registered with the Securities and Exchange Commission (“SEC”) as an investment adviser under the Investment Advisers Act of 1940, as amended (the “Advisers Act”). Blue Owl consists of three investment platforms: (1) Credit, which focuses on direct lending, (2) GP Strategic Capital, which focuses on acquiring equity positions in and providing debt financing to institutional alternative asset managers and (3) Real Estate, which focuses on triple net lease real estate strategies and real estate credit. Subject to the overall supervision of the Company’s board of directors (the “Board”), the Adviser manages the day-to-day operations of, and provides investment advisory and management services to, the Company.

Through August 1, 2021, the Company conducted private offerings (each, a “Private Offering”) of its common shares to accredited investors in reliance on exemptions from the registration requirements of the Securities Act of 1933, as amended, (the “Securities Act”). At the closing of each Private Offering, each investor made a capital commitment (a “Capital Commitment”) to purchase shares of the Company’s common stock pursuant to a subscription agreement entered into with the Company. Until the earlier of an Exchange Listing (as defined below) or the end of the Commitment Period (as defined below), investors were required to fund drawdowns to purchase shares of the Company’s common stock up to the amount of their respective Capital Commitment on an as-needed basis each time the Company delivered a drawdown notice to its investors. As of November 5, 2021, the Capital Commitments were fully drawn. The initial closing of the Private Offering occurred on August 10, 2018 (the “Initial Closing”). The “Commitment Period” will continue until August 10, 2025, which is the earlier of (i) the five year anniversary of the Final Closing (August 1, 2026) and (ii) the seven year anniversary of the Initial Closing (August 10, 2025). If the Company has not consummated an Exchange Listing by the end of the Commitment Period, subject to extension of two additional one-year periods, in the sole discretion of the Board, the Board (subject to any necessary shareholder approvals and applicable requirements of the 1940 Act) will use its commercially reasonable efforts to wind down and/or liquidate and dissolve the Company in an orderly manner.

On August 10, 2018, the Company commenced its loan origination and investment activities contemporaneously with the initial drawdown from investors in the Private Offering. In September 2018, the Company made its first portfolio company investment.

43

Blue Owl Technology Finance Corp.

Notes to Consolidated Financial Statements (Unaudited) - Continued

Note 2. Significant Accounting Policies

Basis of Presentation

The accompanying consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The Company is an investment company and, therefore, applies the specialized accounting and reporting guidance in Accounting Standards Codification (“ASC”) Topic 946, Financial Services – Investment Companies. In the opinion of management, all adjustments considered necessary for the fair presentation of the consolidated financial statements have been included. The Company was initially capitalized on August 7, 2018 and commenced operations on August 10, 2018. The Company’s fiscal year ends on December 31.

Use of Estimates 

The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements. Actual amounts could differ from those estimates and such differences could be material.

Cash

Cash consists of deposits held at a custodian bank. Cash is carried at cost, which approximates fair value. The Company deposits its cash with highly-rated banking corporations and, at times, may exceed the insured limits under applicable law.

Investments at Fair Value

Investment transactions are recorded on the trade date. Realized gains or losses are measured by the difference between the net proceeds received and the amortized cost basis of the investment using the specific identification method without regard to unrealized gains or losses previously recognized, and include investments charged off during the period, net of recoveries. The net change in unrealized gains or losses primarily reflects the change in investment values, including the reversal of previously recorded unrealized gains or losses with respect to investments realized during the period. Rule 2a-5 under the 1940 Act establishes requirements for determining fair value in good faith for purposes of the 1940 Act. Pursuant to Rule 2a-5, the Board designated the Adviser as the Company’s valuation designee to perform fair value determinations relating to the value of assets held by the Company for which market quotations are not readily available.

Investments for which market quotations are readily available are typically valued at the average bid price of those market quotations. To validate market quotations, the Company utilizes a number of factors to determine if the quotations are representative of fair value, including the source and number of the quotations. Debt and equity securities that are not publicly traded or whose market prices are not readily available, as is the case for substantially all of the Company’s investments, are valued at fair value as determined in good faith by the Adviser, as the valuation designee, based on, among other things, the input of the independent third-party valuation firm(s) engaged at the direction of the Adviser.

As part of the valuation process, the Adviser, as the valuation designee, takes into account relevant factors in determining the fair value of the Company’s investments, including: the estimated enterprise value of a portfolio company (i.e., the total fair value of the portfolio company’s debt and equity), the nature and realizable value of any collateral, the portfolio company’s ability to make payments based on its earnings and cash flow, the markets in which the portfolio company does business, a comparison of the portfolio company’s securities to any similar publicly traded securities, and overall changes in the interest rate environment and the credit markets that may affect the price at which similar investments may be made in the future. When an external event such as a purchase or sale transaction, public offering or subsequent equity sale occurs, the Adviser, as the valuation designee, considers whether the pricing indicated by the external event corroborates its valuation.

The Adviser, as the valuation designee, undertakes a multi-step valuation process, which includes, among other procedures, the following:

•With respect to investments for which market quotations are readily available, those investments will typically be valued at the average bid price of those market quotations;

•With respect to investments for which market quotations are not readily available, the valuation process begins with the independent valuation firm(s) providing a preliminary valuation of each investment to the Adviser’s valuation committee;

•Preliminary valuation conclusions are documented and discussed with the Adviser’s valuation committee;

•The Adviser, as the valuation designee, reviews the recommended valuations and determines the fair value of each investment;

•Each quarter, the Adviser, as the valuation designee, will provide the Audit Committee a summary or description of material fair value matters that occurred in the prior quarter and on an annual basis, the Adviser, as the valuation designee, will provide the Audit Committee with a written assessment of the adequacy and effectiveness of its fair value process; and

44

Blue Owl Technology Finance Corp.

Notes to Consolidated Financial Statements (Unaudited) - Continued

•The Audit Committee oversees the valuation designee and will report to the Board on any valuation matters requiring the Board’s attention.

The Company conducts this valuation process on a quarterly basis.

The Company applies Financial Accounting Standards Board Accounting Standards Codification 820, Fair Value Measurements (“ASC 820”), as amended, which establishes a framework for measuring fair value in accordance with U.S. GAAP and required disclosures of fair value measurements. ASC 820 determines fair value to be the price that would be received for an investment in a current sale, which assumes an orderly transaction between market participants on the measurement date. Market participants are defined as buyers and sellers in the principal or most advantageous market (which may be a hypothetical market) that are independent, knowledgeable, and willing and able to transact. In accordance with ASC 820, the Company considers its principal market to be the market that has the greatest volume and level of activity. ASC 820 specifies a fair value hierarchy that prioritizes and ranks the level of observability of inputs used in determination of fair value. In accordance with ASC 820, these levels are summarized below:

•Level 1 – Valuations based on quoted prices in active markets for identical assets or liabilities that the Company has the ability to access.

•Level 2 – Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly.

•Level 3 – Valuations based on inputs that are unobservable and significant to the overall fair value measurement.

Transfers between levels, if any, are recognized at the beginning of the period in which the transfer occurs. In addition to using the above inputs in investment valuations, the Company applies the valuation policy approved by its Board that is consistent with ASC 820. Consistent with the valuation policy, the Adviser, as the valuation designee, evaluates the source of the inputs, including any markets in which its investments are trading (or any markets in which securities with similar attributes are trading), in determining fair value. When an investment is valued based on prices provided by reputable dealers or pricing services (such as broker quotes), the Adviser, as the valuation designee, subjects those prices to various criteria in making the determination as to whether a particular investment would qualify for treatment as a Level 2 or Level 3 investment. For example, the Adviser, as the valuation designee, or the independent valuation firm(s), reviews pricing support provided by dealers or pricing services in order to determine if observable market information is being used, versus unobservable inputs.

Due to the inherent uncertainty of determining the fair value of investments that do not have a readily available market value, the fair value of the Company’s investments may fluctuate from period to period. Additionally, the fair value of such investments may differ significantly from the values that would have been used had a ready market existed for such investments and may differ materially from the values that may ultimately be realized. Further, such investments are generally less liquid than publicly traded securities and may be subject to contractual and other restrictions on resale. If the Company were required to liquidate a portfolio investment in a forced or liquidation sale, it could realize amounts that are different from the amounts presented and such differences could be material.

In addition, changes in the market environment and other events that may occur over the life of the investments may cause the gains or losses ultimately realized on these investments to be different than the unrealized gains or losses reflected herein.

Financial and Derivative Instruments

Pursuant to ASC 815 Derivatives and Hedging, all derivative instruments entered into by the Company are designated as hedging instruments. For all derivative instruments designated as a hedge, the entire change in the fair value of the hedging instrument shall be recorded in the same line item of the Consolidated Statements of Operations as the hedged item. The Company’s derivative instruments are used to hedge the Company’s fixed rate debt, and therefore both the periodic payment and the change in fair value for the effective hedge, if applicable, will be recognized as components of interest expense in the Consolidated Statements of Operations. Fair value is estimated by discounting remaining payments using applicable current market rates, or market quotes, if available.

Rule 18f-4 requires BDCs that use derivatives to, among other things, comply with a value-at-risk leverage limit, adopt a derivatives risk management program, and implement certain testing and board reporting procedures. Rule 18f-4 exempts BDCs that qualify as “limited derivatives users” from the aforementioned requirements, provided that these BDCs adopt written policies and procedures that are reasonably designed to manage the BDC’s derivatives risks and comply with certain recordkeeping requirements. Rule 18f-4 provides that a BDC may enter into an unfunded commitment agreement that is not a derivatives transaction, such as an agreement to provide financing to a portfolio company, if the BDC has, among other things, a reasonable belief, at the time it enters into such an agreement, that it will have sufficient cash and cash equivalents to meet its obligations with respect to all of its unfunded commitment agreements, in each case as it becomes due. Pursuant to Rule 18f-4, when the Company trades reverse repurchase agreements or similar financing transactions, including certain tender option bonds, the Company needs to aggregate the amount of any other senior securities representing indebtedness (e.g., bank borrowings, if applicable) when calculating our asset coverage ratio.

45

Blue Owl Technology Finance Corp.

Notes to Consolidated Financial Statements (Unaudited) - Continued

The Company currently qualifies as a “limited derivatives user” and expects to continue to do so. The Company has adopted a derivatives policy and complies with the recordkeeping requirements of Rule 18f-4.

Foreign Currency

Foreign currency amounts are translated into U.S. dollars on the following basis:

•cash, fair value of investments, outstanding debt, other assets and liabilities: at the spot exchange rate on the last business day of the period; and

•purchases and sales of investments, borrowings and repayments of such borrowings, income and expenses: at the rates of exchange prevailing on the respective dates of such transactions.

The Company includes net changes in fair values on investments held resulting from foreign exchange rate fluctuations with the change in unrealized gains (losses) on translation of assets and liabilities in foreign currencies on the Consolidated Statements of Operations. The Company’s current approach to hedging the foreign currency exposure in its non-U.S. dollar denominated investments is primarily to borrow the par amount in local currency under the Company’s Revolving Credit Facility to fund these investments. Fluctuations arising from the translation of foreign currency borrowings are included with the net change in unrealized gains (losses) on translation of assets and liabilities in foreign currencies on the Consolidated Statements of Operations.

Investments denominated in foreign currencies and foreign currency transactions may involve certain considerations and risks not typically associated with those of domestic origin, including unanticipated movements in the value of the foreign currency relative to the U.S. dollar.

Interest and Dividend Income Recognition

Interest income is recorded on the accrual basis and includes amortization and accretion of discounts or premiums. Certain investments may have contractual payment-in-kind (“PIK”) interest or dividends, the majority of which is structured at initial underwriting. PIK interest and dividends represent accrued interest or dividends that are added to the principal amount or liquidation amount of the investment on the respective interest or dividend payment dates rather than being paid in cash and generally becomes due at maturity or at the occurrence of a liquidation event.

PIK interest and PIK dividend income consisted of the following for the periods:

	Three Months Ended September 30,						Nine Months Ended September 30,
($ in thousands)	2024			2023			2024			2023
PIK Interest Income	$	25,469		$	23,412		$	84,538		$	85,336
PIK Interest Income as a % of Investment Income	14.9		%	13.6		%	16.3		%	16.9		%
PIK Dividend Income	$	10,378		$	8,860		$	29,630		$	26,228
PIK Dividend Income as a % of Investment Income	6.1		%	5.1		%	5.7		%	5.2		%
Total PIK Income	$	35,847		$	32,272		$	114,168		$	111,564
Total PIK Income as a % of Investment Income	21.0		%	18.7		%	22.1		%	22.1		%

Discounts and premiums to par value on securities purchased are amortized into interest income over the contractual life of the respective security using the effective yield method. The amortized cost of investments represents the original cost adjusted for the amortization and accretion of discounts or premiums, if any. Upon prepayment of a loan or debt security, any prepayment premiums, unamortized upfront loan origination fees and unamortized discounts are recorded as interest income in the current period.

Loans are generally placed on non-accrual status when there is reasonable doubt that principal or interest will be collected in full. Accrued interest is generally reversed when a loan is placed on non-accrual status. Interest payments received on non-accrual loans may be recognized as income or applied to principal depending upon management’s judgment regarding collectability. If at any point the Company believes PIK interest is not expected to be realized, the investment generating PIK interest will be placed on non-accrual status. When a PIK investment is placed on non-accrual status, the accrued, uncapitalized interest or dividends are generally reversed through interest income. Non-accrual loans are restored to accrual status when past due principal and interest is paid current and, in management’s judgment, are likely to remain current. Management may make exceptions to this treatment and determine to not place a loan on non-accrual status if the loan has sufficient collateral value and is in the process of collection.

Dividend income on preferred equity securities is recorded on the accrual basis to the extent that such amounts are payable by the portfolio company and are expected to be collected. Dividend income on common equity securities is recorded on the record date for private portfolio companies or on the ex-dividend date for publicly-traded portfolio companies.

Other Income 

From time to time, the Company may receive fees for services provided to portfolio companies. These fees are generally only available to the Company as a result of closing investments, are generally paid at the closing of the investments, are generally non-

46

Blue Owl Technology Finance Corp.

Notes to Consolidated Financial Statements (Unaudited) - Continued

recurring and are recognized as revenue when earned upon closing of the investment. The services that the Adviser provides vary by investment, but can include closing, work, diligence or other similar fees and fees for providing managerial assistance to the Company’s portfolio companies.

Organization Expenses

Costs associated with the organization of the Company are expensed as incurred. These expenses consist primarily of legal fees and other costs of organizing the Company.

Offering Expenses

Costs associated with the offering of common shares of the Company are capitalized as deferred offering expenses and are included in prepaid expenses and other assets in the Consolidated Statements of Assets and Liabilities and are amortized over a twelve-month period from incurrence. Expenses for any additional offerings are deferred and amortized as incurred. These expenses consist primarily of legal fees and other costs incurred in connection with the Company’s share offerings, the preparation of the Company’s registration statement, and registration fees.

Debt Issuance Costs

The Company records origination and other expenses related to its debt obligations as debt issuance costs. These expenses are deferred and amortized utilizing the effective yield method, over the life of the related debt instrument. Debt issuance costs are presented on the Consolidated Statements of Assets and Liabilities as a direct deduction from the debt liability. In circumstances in which there is not an associated debt liability amount recorded in the consolidated financial statements when the debt issuance costs are incurred, such debt issuance costs will be reported on the Consolidated Statements of Assets and Liabilities as an asset until the debt liability is recorded.

Reimbursement of Transaction-Related Expenses

The Company may receive reimbursement for certain transaction-related expenses in pursuing investments. Transaction-related expenses, which are generally expected to be reimbursed by the Company’s portfolio companies, are typically deferred until the transaction is consummated and are recorded in prepaid expenses and other assets on the date incurred. The costs of successfully completed investments not otherwise reimbursed are borne by the Company and are included as a component of the investment’s cost basis.

Cash advances received in respect of transaction-related expenses are recorded as cash with an offset to accrued expenses and other liabilities. Accrued expenses and other liabilities are relieved as reimbursable expenses are incurred.

Income Taxes

The Company has elected to be treated as a BDC under the 1940 Act. The Company has elected to be treated as a RIC under the Code beginning with its taxable year ending December 31, 2018 and intends to continue to qualify as a RIC. So long as the Company maintains its tax treatment as a RIC, it generally will not pay U.S. federal income taxes at corporate rates on any ordinary income or capital gains that it distributes at least annually to its shareholders as dividends. Instead, any tax liability related to income earned and distributed by the Company represents obligations of the Company’s investors and will not be reflected in the consolidated financial statements of the Company.

To qualify as a RIC, the Company must, among other things, meet certain source-of-income and asset diversification requirements. In addition, to qualify for RIC tax treatment, the Company generally must distribute to its shareholders, for each taxable year, at least 90% of its “investment company taxable income” for that year, which is generally its ordinary income plus the excess of its realized net short-term capital gains over its realized net long-term capital losses. In order for the Company not to be subject to U.S. federal excise taxes, it must distribute annually an amount at least equal to the sum of (i) 98% of its net ordinary income (taking into account certain deferrals and elections) for the calendar year, (ii) 98.2% of its capital gains in excess of capital losses for the one-year period ending on October 31 of the calendar year and (iii) any net ordinary income and capital gains in excess of capital losses for preceding years that were not distributed during such years. The Company, at its discretion, may carry forward taxable income in excess of calendar year dividends and pay a 4% nondeductible U.S. federal excise tax on this income.

Certain of the Company’s consolidated subsidiaries are subject to U.S. federal and state corporate-level income taxes.

The Company evaluates tax positions taken or expected to be taken in the course of preparing its financial statements to determine whether the tax positions are “more-likely-than-not” to be sustained by the applicable tax authority. Tax positions not deemed to meet the “more-likely-than-not” threshold are reserved and recorded as a tax benefit or expense in the current year. All penalties and interest associated with income taxes are included in income tax expense. Conclusions regarding tax positions are subject to review and may be adjusted at a later date based on factors including, but not limited to, on-going analyses of tax laws, regulations and interpretations thereof. There were no material uncertain tax positions through December 31, 2023. As applicable, the Company’s prior three tax years remain subject to examination by U.S. federal, state and local tax authorities.

47

Blue Owl Technology Finance Corp.

Notes to Consolidated Financial Statements (Unaudited) - Continued

Distributions to Common Shareholders

Distributions to common shareholders are recorded on the record date. The amount to be distributed is determined by the Board and is generally based upon the earnings estimated by the Adviser. In addition, the Board may consider the level of undistributed taxable income carried forward from the prior year for distribution in the current year. Undistributed long-term capital gains, if any, would be generally distributed at least annually, although the Company may decide to retain such capital gains for investment.

The Company has adopted a dividend reinvestment plan that provides for reinvestment of any cash distributions on behalf of shareholders, unless a shareholder elects to receive cash. As a result, if the Board authorizes and declares a cash distribution, then the shareholders who have not “opted out” of the dividend reinvestment plan will have their cash distribution automatically reinvested in additional shares of the Company’s common stock, rather than receiving the cash distribution. The Company expects to use newly issued shares to implement the dividend reinvestment plan.

Consolidation

As provided under Regulation S-X and ASC Topic 946 - Financial Services - Investment Companies, the Company will generally not consolidate its investment in a company other than a wholly-owned investment company or controlled operating company whose business consists of providing services to the Company. Accordingly, the Company consolidated the accounts of the Company's wholly-owned subsidiaries in its consolidated financial statements. All significant intercompany balances and transactions have been eliminated in consolidation.

New Accounting Pronouncements

In March 2020, the FASB issued ASU No. 2020-04, “Reference Rate Reform (Topic 848),” which provides optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments apply only to contracts, hedging relationships, and other transactions that reference London Interbank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued because of reference rate reform. In January 2021, the FASB issued ASU No. 2021-01, “Reference Rate Reform (Topic 848),” which expanded the scope of Topic 848 to include derivative instruments impacted by discounting transition. In December 2022, the FASB issued ASU No. 2022-06, “Reference Rate Reform (Topic 848),” which extended the transition period provided under ASU No. 2020-04 and 2021-01 for all entities from December 31, 2022 to December 31, 2024.

In June 2022, the FASB issued ASU No. 2022-03, “Fair Value Measurement (Topic 820),” which clarifies the guidance in Topic 820 when measuring the fair value of an equity security subject to contractual restrictions that prohibit the sale of an equity security and introduces new disclosure requirements for equity securities subject to contractual sale restrictions that are measured at fair value in accordance with Topic 820. The amendments affect all entities that have investments in equity securities measured at fair value that are subject to a contractual sale restriction. ASU 2022-03 is effective for public business entities for fiscal years beginning after December 15, 2023, and interim periods within those fiscal years. For all other entities the amendments are effective for fiscal years beginning after December 15, 2024, and interim periods within those fiscal years. Early adoption is permitted for both interim and annual financial statements that have not yet been issued or made available for issuance. An entity that qualifies as an investment company under Topic 946 should apply the amendments in ASU No. 2022-03 to an investment in an equity security subject to a contractual sale restriction that is executed or modified on or after the date of adoption. Management has adopted the aforementioned accounting pronouncement and concluded that it does not have a material effect on the accompanying consolidated financial statements.

In December 2023, the FASB issued ASU No. 2023-09, “Income Taxes (Topic 740),” which updates income tax disclosure requirements related to rate reconciliation, income taxes paid and other disclosures. ASU 2023-09 is effective for public business entities for fiscal years beginning after December 15, 2024. Early adoption is permitted for annual financial statements that have not yet been issued or made available for issuance. The Company is currently evaluating the impact of adopting ASU No. 2023-09 on the consolidated financial statements.

Other than the aforementioned guidance, the Company’s management does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the accompanying consolidated financial statements.

Note 3. Agreements and Related Party Transactions

Administration Agreement

The Company has entered into an amended and restated Administration Agreement (the “Administration Agreement”) with the Adviser. Under the terms of the Administration Agreement, the Adviser performs, or oversees the performance of, required administrative services, which include providing office space, equipment and office services, maintaining financial records, preparing reports to shareholders and reports filed with the SEC, and managing the payment of expenses and the performance of administrative and professional services rendered by others. On May 6, 2024, the Board approved the continuation of the Administration Agreement.

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The Administration Agreement also provides that the Company reimburses the Adviser for certain organization costs incurred prior to the commencement of the Company’s operations, and for certain offering costs.

The Company reimburses the Adviser for services performed for it pursuant to the terms of the Administration Agreement. In addition, pursuant to the terms of the Administration Agreement, the Adviser may delegate its obligations under the Administration Agreement to an affiliate or to a third party and the Company will reimburse the Adviser for any services performed for it by such affiliate or third party.

Unless earlier terminated as described below, the Administration Agreement will remain in effect for two years from the date it first became effective, and will remain in effect from year to year if approved annually by a majority of the Board or by the holders of a majority of the Company’s outstanding voting securities and, in each case, a majority of the independent directors. The Administration Agreement may be terminated at any time, without the payment of any penalty, on 60 days’ written notice, by the vote of a majority of the outstanding voting securities of the Company (as defined in the 1940 Act), or by the vote of a majority of the Board or by the Adviser.

No person who is an officer, director, or employee of the Adviser or its affiliates and who serves as a director of the Company receives any compensation from the Company for his or her services as a director. However, the Company reimburses the Adviser (or its affiliates) for an allocable portion of the compensation paid by the Adviser or its affiliates to the Company’s officers who provide operational and administrative services, as well as their respective staffs and other professionals who provide services to the Company, who assist with the preparation, coordination and administration of the foregoing or provide other “back office” or “middle office”, financial or operational services to the Company (based on the percentage of time those individuals devote, on an estimated basis, to the business and affairs of the Company). Directors who are not affiliated with the Adviser receive compensation for their services and reimbursement of expenses incurred to attend meetings.

For the three and nine months ended September 30, 2024, the Company incurred expenses of approximately $0.8 million and $2.3 million, respectively, for costs and expenses reimbursable to the Adviser under the terms of the Administration Agreement. For the three and nine months ended September 30, 2023, the Company incurred expenses of approximately $0.8 million and $2.0 million, respectively, for costs and expenses reimbursable to the Adviser under the terms of the Administration Agreement.

As of September 30, 2024 and 2023, amounts reimbursable to the Adviser pursuant to the Administration Agreement were $1.2 million and $1.9 million, respectively.

Investment Advisory Agreement

The Investment Advisory Agreement became effective on May 18, 2021. Under the terms of the Investment Advisory Agreement, the Adviser is responsible for managing the Company’s business and activities, including sourcing investment opportunities, conducting research, performing diligence on potential investments, structuring its investments, and monitoring its portfolio companies on an ongoing basis through a team of investment professionals. On May 6, 2024, the Board approved the continuation of the Investment Advisory Agreement.

The Adviser’s services under the Investment Advisory Agreement are not exclusive, and accordingly, the Adviser may provide similar services to others.

Unless earlier terminated as described below, the Investment Advisory Agreement will remain in effect for two years from the date it first became effective and will remain in effect from year-to-year if approved annually by a majority of the Board or by the holders of a majority of our outstanding voting securities and, in each case, by a majority of independent directors.

The Investment Advisory Agreement will automatically terminate within the meaning of the 1940 Act and related SEC guidance and interpretations in the event of its assignment. In accordance with the 1940 Act, without payment of any penalty, the Investment Advisory Agreement may be terminated by the vote of the outstanding voting securities of the Company (as defined in the 1940 Act), or by the vote of a majority of the Board. In addition, without payment of any penalty, the Adviser may generally terminate the Investment Advisory Agreement upon 60 days’ written notice.

From time to time, the Adviser may pay amounts owed by the Company to third-party providers of goods or services, including the Board, and the Company will subsequently reimburse the Adviser for such amounts paid on its behalf. Amounts payable to the Adviser are settled in the normal course of business without formal payment terms.

Under the terms of the Investment Advisory Agreement, the Company will pay the Adviser a base management fee and may also pay to it certain incentive fees. The cost of both the management fee and the incentive fee will ultimately be borne by the Company’s shareholders.

The management fee (“Management Fee”) is payable quarterly in arrears. Prior to the future quotation or listing of the Company’s securities on a national securities exchange (an “Exchange Listing”) or the future quotation or listing of its securities on any other public trading market, the Management Fee is payable at an annual rate of 0.90% of the Company’s (i) average gross assets, excluding cash and cash equivalents but including assets purchased with borrowed amounts, at the end of the two most recently

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completed calendar quarters; provided, however, that no Management Fee will be charged on the value of gross assets (excluding cash and cash- equivalents but including assets purchased with borrowed amounts) that is below an asset coverage ratio of 200% calculated in accordance with Sections 18 and 61 of the 1940 Act; plus (ii) the average of any remaining unfunded Capital Commitments at the end of the two most recently completed calendar quarters. Following an Exchange Listing, the Management Fee is payable at an annual rate of (x) 1.50% of the Company’s average gross assets (excluding cash and cash equivalents but including assets purchased with borrowed amounts) that is above an asset coverage ratio of 200% calculated in accordance with Sections 18 and 61 of the 1940 Act and (y) 1.00% of the Company’s average gross assets (excluding cash and cash equivalents but including assets purchased with borrowed amounts) that is below an asset coverage ratio of 200% calculated in accordance with Sections 18 and 61 of the 1940 Act, in each case, at the end of the two most recently completed calendar quarters payable quarterly in arrears. The Management Fee will be appropriately prorated and adjusted (based on the actual number of days elapsed relative to the total number of days in such calendar quarter) for any share issuances or repurchases during the relevant calendar quarters. The Management Fee for any partial month or quarter, as the case may be, will be appropriately prorated and adjusted (based on the actual number of days elapsed relative to the total number of days in such calendar quarter). For purposes of the Investment Advisory Agreement, gross assets means the Company’s total assets determined on a consolidated basis in accordance with generally accepted accounting principles in the United States, excluding cash and cash equivalents, but including assets purchased with borrowed amounts.

For the three and nine months ended September 30, 2024, management fees were $14.1 million and $42.0 million, respectively. For the three and nine months ended September 30, 2023, management fees were $14.6 million and $44.1 million, respectively.

Pursuant to the Investment Advisory Agreement, the Adviser is entitled to an incentive fee (“Incentive Fee”), which consists of two components that are independent of each other, with the result that one component may be payable even if the other is not.

The Incentive Fee consists of two components that are independent of each other, with the result that one component may be payable even if the other is not. A portion of the Incentive Fee is based on our income and a portion is based on our capital gains, each as described below. The portion of the Incentive Fee based on income is determined and paid quarterly in arrears commencing with the first calendar quarter following the Initial Closing Date, and equals (i) prior to an Exchange Listing, 100% of the pre-Incentive Fee net investment income in excess of a 1.5% quarterly “hurdle rate”, until the Adviser has received 10% of the total pre-Incentive Fee net investment income for that calendar quarter and, for pre-Incentive Fee net investment income in excess of 1.67% quarterly, 10% of all remaining pre-Incentive Fee net investment income for that calendar quarter, and (ii) subsequent to an Exchange Listing, 100% of the pre-Incentive Fee net investment income in excess of a 1.5% quarterly “hurdle rate,” until the Adviser has received 17.5% of the total pre-Incentive Fee net investment income for that calendar quarter and, for pre-Incentive Fee net investment income in excess of 1.82% quarterly, 17.5% of all remaining pre-Incentive Fee net investment income for that calendar quarter. The 100% “catch-up” provision for pre-Incentive Fee net investment income in excess of the 1.5% “hurdle rate” is intended to provide the Adviser with an Incentive Fee of (i) prior to an Exchange Listing, 10% on all pre-Incentive Fee net investment income when that amount equals 1.67% in a calendar quarter (6.67% annualized), and (ii) subsequent to an Exchange Listing, 17.5% on all pre-Incentive Fee net investment income when that amount equals 1.82% in a calendar quarter (7.27% annualized), which, in each case, is the rate at which catch-up is achieved. Once the “hurdle rate” is reached and catch-up is achieved, (i) prior to an Exchange Listing, 10% of any pre-Incentive Fee net investment income in excess of 1.67% in any calendar quarter is payable to the Adviser, and (ii) subsequent to an Exchange Listing, 17.5% of any pre-Incentive Fee net investment income in excess of 1.82% in any calendar quarter is payable to the Adviser.

For the three and nine months ended September 30, 2024, the Company incurred incentive fees of $10.3 million and $31.1 million, respectively, based on net investment income. For the three and nine months ended September 30, 2023, the Company incurred incentive fees of $10.2 million and $29.5 million, respectively, based on net investment income.

The second component of the Incentive Fee, the “Capital Gains Incentive Fee,” payable at the end of each calendar year in arrears, equals, (i) prior to an Exchange Listing, 10% of cumulative realized capital gains from the initial closing date to the end of each calendar year, less cumulative realized capital losses and unrealized capital depreciation from the initial closing date to the end of each calendar year, and (ii) subsequent to an Exchange Listing, 17.5% of cumulative realized capital gains from the Listing Date to the end of each calendar year, less cumulative realized capital losses and unrealized capital depreciation from the Listing Date to the end of each calendar year. Each year, the fee paid for the Capital Gains Incentive Fee is net of the aggregate amount of any previously paid Capital Gains Incentive Fee for prior periods. While the Investment Advisory Agreement neither includes nor contemplates the inclusion of unrealized gains in the calculation of the capital gains incentive fee, as required by U.S. GAAP, the Company accrues capital gains incentive fees on unrealized gains. This accrual reflects the incentive fees that would be payable to the Adviser if the Company’s entire investment portfolio was liquidated at its fair value as of the balance sheet date even though the Adviser is not entitled to an incentive fee with respect to unrealized gains unless and until such gains are actually realized. The fees that are payable under the Investment Advisory Agreement for any partial period will be appropriately prorated. In no event will the Capital Gains Fee payable pursuant to the Investment Advisory Agreement be in excess of the amount permitted by the Advisers Act, including Section 205 thereof.

The Company did not record performance-based incentive fees based on capital gains for the three months ended September 30, 2024. For the nine months ended September 30, 2024, the Company recorded a reversal of previously recorded performance-based

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incentive fees based on capital gains of $6.8 million. For the three months ended September 30, 2023, the Company reversed previously recorded performance-based incentive fees based on capital gains of $4.0 million. For the nine months ended September 30, 2023 the Company incurred performance-based incentive fees based on capital gains of $0.2 million, of which $0.2 million was related to unrealized gains.

Affiliated Transactions

The Company may be prohibited under the 1940 Act from participating in certain transactions with its affiliates without prior approval of the directors who are not interested persons, and in some cases, the prior approval of the SEC. The Company relies on an order exemptive relief (as amended, the “Order”) that has been granted by the SEC to Blue Owl Credit Advisors LLC (“OCA”) and certain of its affiliates to permit the Company to co-invest with other funds managed by the Adviser or its affiliates, in a manner consistent with the Company’s investment objective, positions, policies, strategies and restrictions as well as regulatory requirements and other pertinent factors. Pursuant to the Order, the Company generally is permitted to co-invest with certain of its affiliates if a “required majority” (as defined in Section 57(o) of the 1940 Act) of the Board make certain conclusions in connection with a co-investment transaction, including that (1) the terms of the transaction, including the consideration to be paid, are reasonable and fair to the Company and its shareholders and do not involve overreaching by the Company or its shareholders on the part of any person concerned, (2) the transaction is consistent with the interests of the Company’s shareholders and is consistent with its investment objective and strategies, (3) the investment by its affiliates would not disadvantage the Company, and the Company’s participation would not be on a basis different from or less advantageous than that on which its affiliates are investing and (4) the proposed investment by the Company would not benefit the Adviser or its affiliates or any affiliated person of any of them (other than the parties to the transactions) except to the extent permitted by the Order and applicable law, including the limitations set forth in Section 57(k) of the 1940 Act.

In addition, the Order permits us to participate in follow-on investments in our existing portfolio companies with certain affiliates that are private funds if such private funds did not have an investment in such existing portfolio company.

The Adviser is affiliated with OCA, Blue Owl Credit Private Fund Advisors LLC (“OPFA”), Blue Owl Diversified Credit Advisors LLC (“ODCA”) and Blue Owl Technology Credit Advisors II LLC (“OTCA II”), together with OCA, OPFA, ODCA and the Adviser, the “Blue Owl Credit Advisers”, which are also investment advisers. The Blue Owl Credit Advisers are indirect affiliates of Blue Owl and comprise part of Blue Owl’s Credit platform, which focuses on direct lending. The Blue Owl Credit Advisers’ investment allocation policy seeks to ensure equitable allocation of investment opportunities between the Company and other funds managed by the Adviser or its affiliates. As a result of the Order, there could be significant overlap in the Company’s investment portfolio and investment portfolios of the BDCs, private funds and separately managed accounts managed by the Blue Owl Credit Advisers (collectively, the “Blue Owl Credit Clients”) and/or other funds managed by the Adviser or its affiliates that could avail themselves of the Order and that have investment objective similar to the Company.

License Agreement

On July 6, 2023, the Company entered into a license agreement (the “License Agreement”) with an affiliate of Blue Owl, pursuant to which we were granted a non-exclusive license to use the name “Blue Owl”. Under the License Agreement, the Company has a right to use the Blue Owl name for so long as the Adviser or one of its affiliates remains the Company’s investment adviser. Other than with respect to this limited license, the Company has no legal right to the “Blue Owl” name or logo.

Controlled/Affiliated Portfolio Companies

Under the 1940 Act, the Company is required to separately identify non-controlled investments where it owns 5% or more of a portfolio company’s outstanding voting securities and/or had the power to exercise control over the management or policies of such portfolio company as investments in “affiliated” companies. In addition, under the 1940 Act, the Company is required to separately identify investments where it owns more than 25% of a portfolio company’s outstanding voting securities and/or had the power to exercise control over the management or policies of such portfolio company as investments in “controlled” companies. Under the 1940 Act, “non-affiliated investments” are defined as investments that are neither controlled investments nor affiliated investments. Detailed information with respect to the Company’s non-controlled, non-affiliated; non-controlled, affiliated; and controlled affiliated investments is contained in the accompanying consolidated financial statements, including the consolidated schedule of investments. The information in the tables below is presented on an aggregate portfolio basis, without regard to whether they are non-controlled non-affiliated, non-controlled affiliated or controlled affiliated investments.

The Company has made investments in non-controlled, affiliated companies, including Fifth Season Investments LLC (“Fifth Season”) and LSI Financing DAC 1 (“LSI Financing”) and in Blue Owl Credit SLF LLC (“Credit SLF”), a controlled, affiliated company. For further description of Credit SLF, see “Note 4. Investments.”

Fifth Season is a portfolio company created to invest in life insurance based assets, including secondary and tertiary life settlement and other life insurance exposures using detailed analytics, internal life expectancy review and sophisticated portfolio management techniques. On July 18, 2022, the Company made an initial equity investment in Fifth Season. As of September 30, 2024 its equity investment in Fifth Season was $79.2 million at fair value. The Company’s investment in Fifth Season is a co-investment

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with its affiliates in accordance with the terms of the exemptive relief that the Company received from the SEC. The Company does not consolidate its equity interest in Fifth Season.

LSI Financing is a portfolio company formed to acquire contractual rights to revenue pursuant to earnout agreements generally in the life sciences space. On December 14, 2022, the Company made an initial investment in LSI Financing. As of September 30, 2024 its investment in LSI Financing was $16.4 million at fair value. The Company’s investment in LSI Financing is a co-investment with its affiliates in accordance with the terms of the exemptive relief that the Company received from the SEC. The Company does not consolidate its equity interest in LSI Financing.

Note 4. Investments

The table below presents the composition of investments at fair value and amortized cost as of the following periods:

	September 30, 2024				December 31, 2023
($ in thousands)	Amortized Cost		Fair Value		Amortized Cost		Fair Value
First-lien senior secured debt investments	$	4,442,986	$	4,453,641	$	3,987,458	$	3,983,668
Second-lien senior secured debt investments	340,991		321,133		460,037		454,090
Unsecured debt investments	334,929		339,634		436,423		427,862
Preferred equity investments(1)	765,814		692,369		905,784		861,779
Common equity investments(2)	533,698		587,884		423,524		404,623
Joint ventures(3)	2,189		2,187		—		—
Total Investments	$	6,420,607	$	6,396,848	$	6,213,226	$	6,132,022

________________

(1)Includes equity investment in LSI Financing.

(2)Includes equity investment in Fifth Season.

(3)Includes equity investment in Credit SLF.

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The Company uses Global Industry Classification Standards (“GICS”) for classifying the industry groupings of its portfolio companies. The table below presents the industry composition of investments based on fair value as of the following periods:

	September 30, 2024		December 31, 2023
Aerospace & Defense	2.2	%	2.2	%
Application Software	14.0		14.0
Banks	1.2		1.2
Building Products	0.9		0.9
Buildings & Real Estate	1.1		—
Capital Markets	—		0.5
Commercial Services & Supplies	0.3		—
Construction & Engineering(4)	—		—
Consumer Finance	0.5		0.3
Diversified Consumer Services	3.9		5.1
Diversified Financial Services	6.8		6.2
Electrical Equipment	—		0.8
Energy Equipment & Services	1.9		2.0
Entertainment	1.9		—
Equity Real Estate Investment Trusts (REITs)	0.1		—
Food & Staples Retailing	0.4		0.4
Health Care Providers & Services	1.0		1.1
Health Care Technology	16.0		14.4
Hotels, Restaurants & Leisure	1.9		2.6
Household Durables	1.3		1.3
Industrial Conglomerates	1.4		1.4
Insurance(1)	2.2		1.6
Internet & Direct Marketing Retail	4.3		3.8
IT Services	3.7		5.1
Joint Ventures(3)(4)	—		—
Life Sciences Tools & Services	0.1		0.1
Media	0.9		—
Multiline Retail	0.1		—
Pharmaceuticals(2)	1.1		0.4
Professional Services	5.9		7.7
Real Estate Management & Development	0.8		0.9
Road & Rail	0.2		0.2
Systems Software	23.9		24.7
Thrifts & Mortgage Finance(4)	—		1.1
Total	100.0	%	100.0	%

________________

(1)Includes investment in Fifth Season.

(2)Includes investment in LSI Financing.

(3)Includes equity investment in Credit SLF. See below, within Note 4, for more information regarding Credit SLF.

(4)Rounds to less than 0.1% as of September 30, 2024.

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The table below presents the geographic composition of investments based on fair value as of the following periods:

	September 30, 2024		December 31, 2023
United States:
Midwest	20.6	%	19.7	%
Northeast	14.9		16.0
South	20.8		17.1
West	27.8		31.5
Brazil	0.6		0.6
Canada	4.1		4.3
Estonia	0.2		0.2
Guernsey	1.4		3.7
Ireland	0.3		0.2
Israel	2.3		2.5
Netherlands	0.5		1.0
Norway	0.4		—
Spain	0.3		—
Sweden	0.5		—
United Kingdom	5.3		3.2
Total	100.0	%	100.0	%

Blue Owl Credit SLF LLC

On May 6, 2024 Credit SLF, a Delaware limited liability company, was formed as a joint venture between the Company, Blue Owl Capital Corporation, Blue Owl Capital Corporation II, Blue Owl Capital Corporation III, Blue Owl Credit Income Corp., Blue Owl Technology Finance Corp. II, Blue Owl Technology Income Corp., and State Teachers Retirement System of Ohio (“OSTRS”) (each, a “Credit SLF Member” and collectively, the “Credit SLF Members”). The Credit SLF Members co-manage Credit SLF. Credit SLF’s principal purpose is to make investments in senior secured loans to middle-market companies, broadly syndicated loans and senior and subordinated notes issued by collateralized loan obligations. Credit SLF is managed by a board consisting of an equal number of representatives appointed by each Credit SLF Member and which acts unanimously. Investment decisions must be approved by Credit SLF’s board. The Company’s investment in Credit SLF is a co-investment made with its affiliates in accordance with the terms of the exemptive relief that it received from the SEC. The Company does not consolidate its non-controlling interest in Credit SLF. Credit SLF’s investments at fair value are determined in accordance with FASB ASC 820, as amended; however, such fair value is not included in the Company's valuation process.

As of September 30, 2024, the capital commitment and economic ownership of each Credit SLF Member is as follows:

Members	Capital Commitment		Economic ownership interest
($ in thousands)
Blue Owl Capital Corporation	$	24,500	42.8	%
Blue Owl Capital Corporation II	500		0.9	%
Blue Owl Capital Corporation III	6,250		10.9	%
Blue Owl Credit Income Corp.	11,250		19.7	%
Blue Owl Technology Finance Corp.	2,500		4.4	%
Blue Owl Technology Finance Corp. II	2,500		4.4	%
Blue Owl Technology Income Corp.	2,500		4.4	%
State Teachers Retirement System of Ohio	7,143		12.5	%
Total	$	57,143	100.0	%

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The table below sets forth Credit SLF's consolidated financial data (unaudited) as of and for the following periods:

	As of
($ in thousands)	September 30, 2024
Consolidated Balance Sheet Data
Cash	$	16,174
Investments at fair value	$	150,220
Total Assets	$	166,462
Total Debt (net of unamortized debt issuance costs)	$	31,326
Total Liabilities	$	116,474
Total Credit SLF Members' Equity	$	49,988

	For the Three Months Ended September 30,		For the Nine Months Ended September 30,
($ in thousands)	2024(1)		2024(1)
Consolidated Statement of Operations Data
Investment income	$	556	$	556
Net operating expenses	602		672
Net investment income (loss)	$	(46)	$	(116)
Total net realized and unrealized gain (loss)	104		104
Net increase (decrease) in Credit SLF Members' Equity resulting from operations	$	58	$	(12)

________________

(1)Credit SLF commenced operations on May 6, 2024.

Note 5. Debt

In accordance with the 1940 Act, with certain limitations, the Company is allowed to borrow amounts such that its asset coverage, as defined in the 1940 Act, is at least 150% after such borrowing. The Company’s asset coverage was 218% and 217% as of September 30, 2024 and December 31, 2023, respectively.

The tables below present the debt obligations for the following periods:

	September 30, 2024
($ in thousands)	Aggregate Principal Committed		Outstanding Principal		Amount Available(1)		Unamortized Debt Issuance Costs		Net Carrying Value
Revolving Credit Facility(2)	$	1,115,000	$	351,472	$	763,528	$	13,696	$	337,778
SPV Asset Facility I	600,000		600,000		—		5,037		594,963
SPV Asset Facility II	300,000		300,000		—		1,258		298,742
June 2025 Notes	210,000		210,000		—		928		209,072
December 2025 Notes	650,000		650,000		—		(1,888)		651,888
June 2026 Notes	375,000		375,000		—		2,599		372,401
January 2027 Notes	300,000		300,000		—		3,520		296,480
CLO 2020-1	204,000		204,000		—		4,117		199,883
Total Debt	$	3,754,000	$	2,990,472	$	763,528	$	29,267	$	2,961,207

________________

(1)The amount available reflects any limitations related to each credit facility’s borrowing base.

(2)Net carrying value includes the unrealized translation gain (loss) on borrowings denominated in foreign currencies.

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	December 31, 2023
($ in thousands)	Aggregate Principal Committed		Outstanding Principal		Amount Available(1)		Unamortized Debt Issuance Costs		Net Carrying Value
Revolving Credit Facility(2)	$	1,090,000	$	343,393	$	746,607	$	16,127	$	327,266
SPV Asset Facility I	600,000		600,000		—		5,547		594,453
SPV Asset Facility II	300,000		300,000		—		1,897		298,103
June 2025 Notes	210,000		210,000		—		1,825		208,175
December 2025 Notes	650,000		650,000		—		(3,042)		653,042
June 2026 Notes	375,000		375,000		—		3,684		371,316
January 2027 Notes	300,000		300,000		—		4,636		295,364
CLO 2020-1	204,000		204,000		—		4,390		199,610
Total Debt	$	3,729,000	$	2,982,393	$	746,607	$	35,064	$	2,947,329

________________

(1)The amount available reflects any limitations related to each credit facility’s borrowing base.

(2)Net carrying value includes the unrealized translation gain (loss) on borrowings denominated in foreign currencies.

The table below presents the components of interest expense for the following periods:

	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
($ in thousands)	2024			2023			2024			2023
Interest expense	$	46,170		$	46,510		$	139,456		$	139,099
Amortization of debt issuance costs	2,108			3,147			6,528			7,349
Total Interest Expense	$	48,278		$	49,657		$	145,984		$	146,448
Average interest rate	6.2		%	6.3		%	6.2		%	6.1		%
Average daily borrowings	$	2,931,667		$	2,937,811		$	2,956,886		$	3,057,860

Credit Facilities

Subscription Credit Facility

On November 19, 2018, the Company entered into a revolving credit facility (as amended, the “Subscription Credit Facility”) with Wells Fargo Bank, National Association (“Wells Fargo”) as administrative agent (the “Administrative Agent”) and letter of credit issuer, and the banks and financial institutions from time to time party thereto, as lenders.

The Subscription Credit Facility permitted the Company to borrow up to $700 million, subject to availability under the “Borrowing Base”. The Borrowing Base was calculated based on the unused Capital Commitments of the investors meeting various eligibility requirements above certain concentration limits. Effective November 5, 2021, the outstanding balance on the Subscription Credit Facility was paid in full and the facility was terminated pursuant to its terms.

Borrowings under the Subscription Credit Facility bore interest, at the Company’s election at the time of drawdown, at a rate per annum equal to (i) in the case of LIBOR rate loans, an adjusted LIBOR rate for the applicable interest period plus 1.50% or (ii) in the case of reference rate loans, the greatest of (A) a prime rate plus 0.50%, (B) the federal funds rate plus 1.00%, and (C) one-month LIBOR plus 1.50%. The Company generally borrowed utilizing LIBOR rate loans, generally electing one-month LIBOR upon borrowing. Loans were able to be converted from one rate to another at any time at the Company’s election, subject to certain conditions. The Company also paid an unused commitment fee of 0.25% per annum on the unused commitments.

Revolving Credit Facility

    On November 15, 2022, the Company entered into an Amended and Restated Senior Secured Revolving Credit Agreement (the “Revolving Credit Facility”), which amended and restated in its entirety that certain Senior Secured Revolving Credit Agreement, dated as of March 15, 2019 (as amended, restated, supplemented or otherwise modified prior to November 15, 2022). The parties to the Revolving Credit Facility include the Company, as Borrower, the lenders from time to time parties thereto (each a “Lender” and collectively, the “Lenders”), Truist Bank as Administrative Agent, Truist Securities, Inc., ING Capital LLC, MUFG Bank, Ltd., Sumitomo Mitsui Banking Corporation and JPMorgan Chase Bank, N.A., as Joint Lead Arrangers and Truist Securities, Inc. and ING Capital LLC, as Joint Bookrunners. On September 26, 2023 (the “Revolving Credit Facility First Amendment Date”), the parties to the Revolving Credit Facility entered into an amendment to, among other things, extend the availability period and maturity date for

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certain lenders, convert a portion of the existing revolver availability into term loan availability, reduce the credit adjustment spread for US dollar denominated term SOFR loans to 0.10% for all tenors and make various other changes. On June 13, 2024 (the “Revolving Credit Facility Second Amendment Date”), certain parties to the Revolving Credit Facility entered into an amendment, to among other things, replace the interest rate benchmark for loans denominated in Canadian Dollars from CDOR to CORRA, which includes a credit adjustment spread of 0.29547% for one-month tenor loans and 0.32138% for three-month tenor loans.The following describes the terms of the Revolving Credit Facility amended through the Revolving Credit Facility Second Amendment Date.

The Revolving Credit Facility is guaranteed by certain of the Company's subsidiaries in existence on the Revolving Credit Facility Second Amendment Date, and will be guaranteed by certain subsidiaries of the Company that are formed or acquired by the Company in the future (collectively, the “Guarantors”). Proceeds of the Revolving Credit Facility may be used for general corporate purposes, including the funding of portfolio investments.

As of the Revolving Credit Facility Second Amendment Date, the Revolving Credit Facility provides for, on an aggregated basis, a total of outstanding term loans and revolving credit facility commitments in the principal amount of $1.12 billion, which is comprised of (a) a term loan in a principal amount of $75.0 million (which term loan amount was increased from $50.0 million to $75.0 million on February 29, 2024) and (b) subject to availability under the borrowing base, which is based on the Company’s portfolio investments and other outstanding indebtedness, a revolving credit facility in a principal amount of up to $1.04 billion (on an aggregated basis, the aggregate outstanding term loans and revolving credit facility commitments under the Revolving Credit Facility increased from $1.09 billion to $1.12 billion on February 29, 2024). The amount available for borrowing under the revolving credit facility commitments of the Revolving Credit Facility is reduced by any standby letters of credit issued through the Revolving Credit Facility. Maximum capacity under the Revolving Credit Facility may be increased to $1.64 billion through the Company's exercise of an uncommitted accordion feature through which existing and new lenders may, at their option, agree to provide additional financing. The Revolving Credit Facility includes a $200.0 million limit for swingline loans, and is secured by a perfected first-priority interest in substantially all of the portfolio investments held by the Company and each Guarantor, subject to certain exceptions.

The availability period under the Revolving Credit Facility will terminate on September 24, 2027 (the “Revolving Credit Facility Commitment Termination Date”) and the Revolving Credit Facility will mature on September 26, 2028 (the “Revolving Credit Facility Maturity Date”). During the period from the Revolving Credit Facility Commitment Termination Date to the Revolving Credit Facility Maturity Date, the Company will be obligated to make mandatory prepayments under the Revolving Credit Facility out of the proceeds of certain asset sales and other recovery events and equity and debt issuances.

The Company may borrow amounts in U.S. dollars or certain other permitted currencies. Amounts drawn under the Revolving Credit Facility with respect to the commitments in U.S. dollars will bear interest at either (i) term SOFR plus any applicable credit adjustment spread plus margin of either 1.875% per annum or, if the gross borrowing base is greater than or equal to the product of 1.60 and the combined debt amount, 1.75% per annum, or (ii) the alternative base rate plus a margin of either 0.875% per annum or, if the gross borrowing base is greater than or equal to the product of 1.60 and the combined debt amount, 0.75% per annum. With respect to loans denominated in U.S. dollars, the Company may elect either term SOFR or the alternative base rate at the time of drawdown, and such loans may be converted from one rate to another at any time at the Company’s option, subject to certain conditions. Amounts drawn under the Revolving Credit Facility with respect to the commitments in other permitted currencies will bear interest at the relevant rate specified therein (including any applicable credit adjustment spread plus margin of either 1.875% per annum or, if the gross borrowing base is greater than or equal to the product of 1.60 and the combined debt amount, 1.75% per annum.

The Revolving Credit Facility includes customary covenants, including certain limitations on the incurrence by the Company of additional indebtedness and on the Company’s ability to make distributions to its shareholders, or redeem, repurchase or retire shares of stock, upon the occurrence of certain events and certain financial covenants related to asset coverage and liquidity and other maintenance covenants, as well as customary events of default. The Revolving Credit Facility requires a minimum asset coverage ratio with respect to the consolidated assets of the Company and its subsidiaries to senior securities that constitute indebtedness of no less than 1.50 to 1.00 at any time.

SPV Asset Facilities

Certain of the Company's wholly owned subsidiaries are parties to credit facilities (the “SPV Asset Facilities”). Pursuant to the SPV Asset Facilities, the Company sells and contributes certain investments to these wholly owned subsidiaries pursuant to sale and contribution agreements by and between the Company and the wholly owned subsidiaries. No gain or loss is recognized as a result of these contributions. Proceeds from the SPV Asset Facilities are used to finance the origination and acquisition of eligible assets by the wholly owned subsidiary, including the purchase of such assets from the Company. The Company retains a residual interest in assets contributed to or acquired to the wholly owned subsidiary through the Company’s ownership of the wholly owned subsidiary. The SPV Asset Facilities are secured by a perfected first priority security interest in the assets of these wholly owned subsidiaries and on any payments received by such wholly owned subsidiaries in respect of those assets. Assets pledged to lenders under the SPV Asset Facilities will not be available to pay the Company's debts. The SPV Asset Facilities contain customary covenants, including certain limitations on the incurrence by the Company of additional indebtedness and on the Company’s ability to make distributions to

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their shareholders, or redeem, repurchase or retire shares of stock, upon the occurrence of certain events, and customary events of default (with customary cure and notice provisions).

SPV Asset Facility I

On December 22, 2022 (the “SPV Asset Facility I Closing Date”), OR Tech Financing I LLC (“OR Tech Financing I”), a Delaware limited liability company and wholly-owned subsidiary of the Company entered into an Amended and Restated Credit Agreement (the “SPV Asset Facility I”), which amends and restates in its entirety that certain Credit Agreement, dated as of August 11, 2020, by and among OR Tech Financing I, as Borrower, Alter Domus (US) LLC, as Administrative Agent and Document Custodian, State Street Bank and Trust Company, as Collateral Agent, Collateral Administrator and Custodian and the lenders from time to time party thereto (the “SPV Asset Facility I Lenders”). On March 30, 2023, the parties to the SPV Asset Facility I entered into an amendment and the following describes the terms of SPV Asset Facility I as amended through such date.

From time to time, the Company expects to sell and contribute certain investments to OR Tech Financing I pursuant to a Sale and Contribution Agreement by and between the Company and OR Tech Financing I. No gain or loss will be recognized as a result of the contribution. Proceeds from the SPV Asset Facility I will be used to finance the origination and acquisition of eligible assets by OR Tech Financing I, including the purchase of such assets from the Company. The Company retains a residual interest in assets contributed to or acquired by OR Tech Financing I through ownership of OR Tech Financing I. The total term loan commitment of the SPV Asset Facility I is $600 million (increased from $450 million on March 30, 2023). The availability of the commitments are subject to a ramp up period and subject to an overcollateralization ratio test, which is based on the value of OR Tech Financing I assets from time to time, and satisfaction of certain other tests and conditions, including an advance rate test, interest coverage ratio test, certain concentration limits and collateral quality tests.

The SPV Asset Facility I provides for the ability to draw term loans for a period of up to three years after the SPV Asset Facility I Closing Date unless the commitments are terminated as provided in the SPV Asset Facility I. Unless otherwise terminated, the SPV Asset Facility I will mature on December 22, 2033 (the “SPV Asset Facility I Stated Maturity”). Prior to the SPV Asset Facility I Stated Maturity, proceeds received by OR Tech Financing I from principal and interest, dividends, or fees on assets must be used to pay fees, expenses and interest on outstanding borrowings, and the excess may be returned to the Company, subject to certain conditions. On the SPV Asset Facility I Stated Maturity, OR Tech Financing I must pay in full all outstanding fees and expenses and all principal and interest on outstanding borrowings, and the excess may be returned to the Company.

Amounts drawn bear interest at term SOFR plus a spread of 3.31%. The SPV Asset Facility I contains customary covenants, limitations on the activities of OR Tech Financing I, including limitations on incurrence of incremental indebtedness, and customary events of default. The SPV Asset Facility I is secured by a perfected first priority security interest in the assets of OR Tech Financing I and on any payments received by OR Tech Financing I in respect of those assets. Assets pledged to the SPV Asset Facility I Lenders will not be available to pay the debts of the Company.

SPV Asset Facility II

On November 16, 2021 (the “SPV Asset Facility II Closing Date”), ORTF Funding I LLC (“ORTF Funding I”), a Delaware limited liability company and the Company’s wholly-owned subsidiary entered into a Credit Agreement (the “SPV Asset Facility II”), with ORTF Funding I LLC, as Borrower, the lenders from time to time parties thereto, Goldman Sachs Bank USA as Sole Lead Arranger, Syndication Agent and Administrative Agent, State Street Bank and Trust company as Collateral Administrator and Collateral Agent and Alter Domus (US) LLC as Collateral Custodian. On the SPV Asset Facility II Closing Date, ORTF Funding I and Goldman Sachs Bank USA, as Administrative Agent, also entered into a Margining Agreement relating to the Secured Credit Facility (the “Margining Agreement”). The following describes the terms of the SPV Asset Facility II as amended through June 23, 2023.

From time to time, the Company expects to sell and contribute certain investments to ORTF Funding I pursuant to a Sale and Contribution Agreement by and between the Company and ORTF Funding I. No gain or loss will be recognized as a result of the contribution. Proceeds from SPV Asset Facility II will be used to finance the origination and acquisition of eligible assets by ORTF Funding I, including the purchase of such assets from the Company. The Company retains a residual interest in assets contributed to or acquired by ORTF Funding I through their ownership of ORTF Funding I. The maximum principal amount which may be borrowed under SPV Asset Facility II is $300 million; the availability of this amount is subject to a borrowing base test, which is based on the value of ORTF Funding I’s assets from time to time, and satisfaction of certain conditions, including certain concentration limits.

The SPV Asset Facility II provides for the ability to draw and redraw revolving loans for a period of up to three years after the SPV Asset Facility II Closing Date. Unless otherwise terminated, the SPV Asset Facility II will mature on November 16, 2026 (the “SPV Asset Facility II Stated Maturity”). Prior to the SPV Asset Facility II Stated Maturity, proceeds received by ORTF Funding I from principal and interest, dividends, or fees on assets must be used to pay fees, expenses and interest on outstanding borrowings, and the excess may be returned to the Company, subject to certain conditions. On the SPV Asset Facility II Stated Maturity, ORTF Funding I must pay in full all outstanding fees and expenses and all principal and interest on outstanding borrowings, and the excess

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may be returned to the Company. The SPV Asset Facility II may be permanently reduced, in whole or in part, at the option of ORTF Funding I subject to payment of a premium for a period of time.

Amounts drawn bear interest at Term SOFR plus a spread of 2.625% and the spread is payable on the amount by which the undrawn amount exceeds a minimum threshold, initially zero and ramping to 75% of the commitment amount. The undrawn amount of the commitment not subject to such spread payment is subject to an undrawn fee of 0.50% per annum. Certain additional fees are payable on each payment date to Goldman Sachs Bank USA as Administrative Agent. In addition, under the Margining Agreement and Credit Agreement, ORTF Funding I is required to post cash margin (or in certain cases, additional eligible assets) to the Administrative Agent if a borrowing base deficiency occurs or if the weighted average price gap (as defined in the Margining Agreement), which is a measure of the excess of the aggregate value assigned to ORTF Funding I’s assets for purposes of the borrowing base test over the total amount drawn under the SPV Asset Facility II, falls below 20%.

Unsecured Notes

June 2025 Notes

On June 12, 2020, the Company issued $210 million aggregate principal amount of 6.75% notes due 2025 (the “June 2025 Notes”) in a private placement in reliance on Section 4(a)(2) of the Securities Act and for initial resale to qualified institutional buyers pursuant to the exemption from registration provided by Rule 144A promulgated under the Securities Act. The June 2025 Notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

The June 2025 Notes were issued pursuant to an Indenture dated as of June 12, 2020 (the “Base Indenture”), between the Company and Computershare Trust Company, N.A. as successor to Wells Fargo Bank, National Association, as trustee (the “Trustee”), and a First Supplemental Indenture, dated as of June 12, 2020 (the “First Supplemental Indenture” and together with the Base Indenture, the “June 2025 Indenture”), between the Company and the Trustee. The June 2025 Notes will mature on June 30, 2025 and may be redeemed in whole or in part at the Company's option at any time or from time to time at the redemption prices set forth in the June 2025 Indenture. The June 2025 Notes initially bear interest at a rate of 6.75% per year payable semi-annually on June 30 and December 30 of each year, commencing on December 30, 2020. As described in the First Supplemental Indenture, if the June 2025 Notes cease to have an investment grade rating from Kroll Bond Rating Agency (or if Kroll Bond Rating Agency ceases to rate the June 2025 Notes or fails to make a rating of the June 2025 Notes publicly available for reasons outside of the Company’s control, a “nationally recognized statistical rating organization,” as defined in Section 3(a)(62) of the Exchange Act, selected by the Company as a replacement agency for Kroll Bond Rating Agency) (an “Interest Rate Adjustment Event”), the interest rate on the June 2025 Notes will increase to 7.50% from the date of the Interest Rate Adjustment Event until the date on which the June 2025 Notes next again receive an investment grade rating. The June 2025 Notes are the Company’s direct, general unsecured obligations and rank senior in right of payment to all of the Company’s future indebtedness or other obligations that are expressly subordinated, or junior, in right of payment to the June 2025 Notes. The June 2025 Notes rank pari passu, or equal, in right of payment with all of the Company’s existing and future indebtedness or other obligations that are not so subordinated, or junior. The June 2025 Notes rank effectively subordinated, or junior, to any of the Company’s future secured indebtedness or other obligations (including unsecured indebtedness that the Company later secures) to the extent of the value of the assets securing such indebtedness. The June 2025 Notes will rank structurally subordinated, or junior, to all existing and future indebtedness and other obligations (including trade payables) incurred by the Company’s subsidiaries, financing vehicles or similar facilities.

The June 2025 Indenture contains certain covenants, including covenants requiring the Company to (i) comply with the asset coverage requirements of the 1940 Act, whether or not it is subject to those requirements, and (ii) provide financial information to the holders of the June 2025 Notes and the Trustee if the Company is no longer subject to the reporting requirements under the Exchange Act. These covenants are subject to important limitations and exceptions that are described in the June 2025 Indenture.

In addition, if a change of control repurchase event, as defined in the June 2025 Indenture, occurs prior to maturity, holders of the June 2025 Notes will have the right, at their option, to require the Company to repurchase for cash some or all of the June 2025 Notes at a repurchase price equal to 100% of the aggregate principal amount of the June 2025 Notes being repurchased, plus accrued and unpaid interest to, but excluding, the repurchase date.

December 2025 Notes

On September 23, 2020, the Company issued $400 million aggregate principal amount of its 4.75% notes due 2025 (the “December 2025 Notes”) in a private placement in reliance on Section 4(a)(2) of the Securities Act, and for initial resale to qualified institutional buyers pursuant to the exemption from registration provided by Rule 144A promulgated under the Securities Act. On November 23, 2021, we issued an additional $250 million aggregate principal amount of the December 2025 Notes in a private placement in reliance on Section 4(a)(2) of the Securities Act, and for initial resale to qualified institutional buyers pursuant to the exemption from registration provided by Rule 144A promulgated under the Securities Act. The December 2025 Notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

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The December 2025 Notes were issued pursuant to the Base Indenture and a Second Supplemental Indenture, dated as of September 23, 2020 (the “Second Supplemental Indenture” and together with the Base Indenture, the “December 2025 Indenture”), between the Company and the Trustee. The December 2025 Notes will mature on December 15, 2025 and may be redeemed in whole or in part at the Company’s option at any time or from time to time at the redemption prices set forth in the December 2025 Indenture. The December 2025 Notes bear interest at a rate of 4.75% per year payable semi-annually on June 15 and December 15 of each year, commencing on December 15, 2020. The December 2025 Notes are the Company’s direct, general unsecured obligations and rank senior in right of payment to all of the Company’s future indebtedness or other obligations that are expressly subordinated, or junior, in right of payment to the December 2025 Notes. The December 2025 Notes rank pari passu, or equal, in right of payment with all of the Company’s existing and future indebtedness or other obligations that are not so subordinated, or junior. The December 2025 Notes rank effectively subordinated, or junior, to any of the Company’s future secured indebtedness or other obligations (including unsecured indebtedness that the Company later secures) to the extent of the value of the assets securing such indebtedness. The December 2025 Notes rank structurally subordinated, or junior, to all existing and future indebtedness and other obligations (including trade payables) incurred by the Company’s subsidiaries, financing vehicles or similar facilities.

The Indenture contains certain covenants, including covenants requiring the Company to (i) comply with the asset coverage requirements of the 1940 Act, whether or not it is subject to those requirements, and (ii) provide financial information to the holders of the December 2025 Notes and the Trustee if the Company is no longer subject to the reporting requirements under the Exchange Act. These covenants are subject to important limitations and exceptions that are described in the Indenture.

In addition, if a change of control repurchase event, as defined in the December 2025 Indenture, occurs prior to maturity, holders of the December 2025 Notes will have the right, at their option, to require the Company to repurchase for cash some or all of the December 2025 Notes at a repurchase price equal to 100% of the aggregate principal amount of the December 2025 Notes being repurchased, plus accrued and unpaid interest to, but excluding, the repurchase date.

June 2026 Notes

On December 17, 2020, the Company issued $375 million aggregate principal amount of 3.75% notes due 2026 (the “June 2026 Notes”) in a private placement in reliance on Section 4(a)(2) of the Securities Act, and for initial to qualified institutional buyers pursuant to the exemption from registration provided by Rule 144A promulgated under the Securities Act. The June 2026 Notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

The June 2026 Notes were issued pursuant to the Base Indenture and a Third Supplemental Indenture, dated as of December 17, 2020 (the “Third Supplemental Indenture” and together with the Base Indenture, the “June 2026 Indenture”), between the Company and the Trustee. The June 2026 Notes will mature on June 17, 2026 and may be redeemed in whole or in part at the Company’s option at any time or from time to time at the redemption prices set forth in the June 2026 Indenture. The June 2026 Notes bear interest at a rate of 3.75% per year payable semi-annually on June 17 and December 17 of each year, commencing on June 17, 2021. The June 2026 Notes are the Company’s direct, general unsecured obligations and will rank senior in right of payment to all of the Company's future indebtedness or other obligations that are expressly subordinated, or junior, in right of payment to the June 2026 Notes. The June 2026 Notes rank pari passu, or equal, in right of payment with all of the Company’s existing and future indebtedness or other obligations that are not so subordinated, or junior to the June 2026 Notes. The June 2026 Notes rank effectively subordinated, or junior, to any of the Company’s future secured indebtedness or other obligations (including unsecured indebtedness that the Company later secures) to the extent of the value of the assets securing such indebtedness. The June 2026 Notes rank structurally subordinated, or junior, to all existing and future indebtedness and other obligations (including trade payables) incurred by the Company’s subsidiaries, financing vehicles or similar facilities.

The June 2026 Indenture contains certain covenants, including covenants requiring the Company to (i) comply with the asset coverage requirements of the Investment Company Act of 1940, as amended 1940, whether or not it is subject to those requirements, and (ii) provide financial information to the holders of the June 2026 Notes and the Trustee if the Company is no longer subject to the reporting requirements under the Securities Exchange Act of 1934, as amended. These covenants are subject to important limitations and exceptions that are described in the Indenture.

In addition, if a change of control repurchase event, as defined in the June 2026 Indenture, occurs prior to maturity, holders of the June 2026 Notes will have the right, at their option, to require the Company to repurchase for cash some or all of the June 2026 Notes at a repurchase price equal to 100% of the aggregate principal amount of the June 2026 Notes being repurchased, plus accrued and unpaid interest to, but excluding, the repurchase date.

January 2027 Notes

On June 14, 2021, the Company issued $300 million aggregate principal amount of 2.50% notes due 2027 (the “January 2027 Notes”).

The January 2027 Notes were issued pursuant to the Base Indenture and a Fourth Supplemental Indenture, dated as of December 17, 2020 (the “Fourth Supplemental Indenture” and together with the Base Indenture, the “January 2027 Indenture”),

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between the Company and the Trustee. The January 2027 Notes will mature on January 15, 2027 and may be redeemed in whole or in part at the Company’s option at any time or from time to time at the redemption prices set forth in the January 2027 Indenture. The January 2027 Notes bear interest at a rate of 2.50% per year, payable semi-annually on January 15 and July 15 of each year, commencing on January 15, 2022. The January 2027 Notes are the Company’s direct, general unsecured obligations and rank senior in right of payment to all of the Company’s future indebtedness or other obligations that are expressly subordinated, or junior, in right of payment to the January 2027 Notes. The January 2027 Notes rank pari passu, or equal, in right of payment with all of the Company’s existing and future indebtedness or other obligations that are not so subordinated, or junior to the January 2027 Notes. The January 2027 Notes rank effectively subordinated, or junior, to any of the Company’s future secured indebtedness or other obligations (including unsecured indebtedness that the Company later secures) to the extent of the value of the assets securing such indebtedness. The January 2027 Notes rank structurally subordinated, or junior, to all existing and future indebtedness and other obligations (including trade payables) incurred by the Company’s subsidiaries, financing vehicles or similar facilities.

The January 2027 Indenture contains certain covenants, including covenants requiring the Company to (i) comply with the asset coverage requirements of the Investment Company Act of 1940, as amended 1940 Act, whether or not it is subject to those requirements, and (ii) provide financial information to the holders of the January 2027 Notes and the Trustee if the Company is no longer subject to the reporting requirements under the Securities Exchange Act of 1934, as amended. These covenants are subject to important limitations and exceptions that are described in the Indenture.

In addition, if a change of control repurchase event, as defined in the January 2027 Indenture, occurs prior to maturity, holders of the January 2027 Notes will have the right, at their option, to require the Company to repurchase for cash some or all of the January 2027 Notes at a repurchase price equal to 100% of the aggregate principal amount of the January 2027 Notes being repurchased, plus accrued and unpaid interest to, but excluding, the repurchase date.

Debt Securitization Transactions

CLO 2020-1

On December 16, 2020 (the “CLO 2020-1 Closing Date”), the Company completed a $333.5 million term debt securitization transaction (the “CLO 2020-1 Transaction”), also known as a collateralized loan obligation transaction, which is a form of secured financing incurred by the Company. The secured notes and preferred shares issued in the CLO 2020-1 Transaction were issued by the Company’s consolidated subsidiaries Owl Rock Technology Financing 2020-1, an exempted company incorporated in the Cayman Islands with limited liability (the “CLO 2020-1 Issuer”), and Owl Rock Technology Financing 2020-1 LLC, a Delaware limited liability company (the “CLO 2020-1 Co-Issuer” and together with the CLO 2020-1 Issuer, the “CLO 2020-1 Issuers”) and are backed by a portfolio of collateral obligations consisting of middle-market loans, recurring revenue loans and participation interests in middle-market loans, recurring revenue loans as well as by other assets of the CLO 2020-1 Issuer.

The CLO 2020-1 Transaction was executed by the issuance of the following classes of notes and preferred shares pursuant to an indenture and security agreement dated as of the Closing Date (the “CLO 2020-1 Indenture”), by and among the CLO 2020-1 Issuers and State Street Bank and Trust Company: $200 million of A (sf) Class A Notes, which bore interest at term SOFR (plus a spread adjustment) plus 2.95% (the “CLO 2020-1 Secured Notes”). The CLO 2020-1 Secured Notes are secured by the middle-market loans, recurring revenue loans, participation interests in middle-market loans and recurring revenue loans and other assets of the Issuer. The CLO 2020-1 Secured Notes are scheduled to mature on the Payment Date (as defined in the CLO 2020-1 Indenture) in January 2031. The CLO 2020-1 Secured Notes were offered by MUFG Securities Americas Inc., as initial purchaser, from time to time in individually negotiated transactions. Upon the occurrence of certain triggering events relating to the end of LIBOR, a different benchmark rate will replace LIBOR as the reference rate for interest accruing on the CLO 2020-1 Secured Notes.

The CLO 2020-1 Secured Notes were redeemed in the CLO 2020-1 Refinancing, described below.

Concurrently with the issuance of the CLO 2020-1 Secured Notes, the CLO 2020-1 Issuer issued approximately $133.5 million of subordinated securities in the form of 133,500 preferred shares at an issue price of U.S. $1,000 per share (the “CLO 2020-1 Preferred Shares”). The CLO 2020-1 Preferred Shares were issued by the CLO 2020-1 Issuer as part of its issued share capital and are not secured by the collateral securing the CLO 2020-1 Secured Notes. The Company purchased all of the CLO 2020-1 Preferred Shares. The Company acts as retention holder in connection with the CLO 2020-1 Transaction for the purposes of satisfying certain U.S. and European Union regulations requiring sponsors of securitization transactions to retain exposure to the performance of the securitized assets and as such is required to retain a portion of the CLO 2020-1 Preferred Shares.

As part of the CLO 2020-1 Transaction, the Company entered into a loan sale agreement with the CLO 2020-1 Issuer dated as of the Closing Date, which provided for the sale and contribution of approximately $243.4 million par amount of middle-market loans and recurring revenue loans from the Company to the CLO 2020-1 Issuer on the Closing Date and for future sales from the Company to the CLO 2020-1 Issuer on an ongoing basis. No gain or loss was recognized as a result of these sales and contributions. Such loans constituted part of the initial portfolio of assets securing the CLO 2020-1 Secured Notes. The Company made customary representations, warranties, and covenants to the CLO 2020-1 Issuer under the loan sale agreement.

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Through January 15, 2022, the net proceeds of the issuing of the CLO 2020-1 Secured Notes not used to purchase the initial portfolio of loans securing the CLO 2020-1 Secured Notes and a portion of the proceeds received by the CLO 2020-1 Issuer from the loans securing the CLO 2020-1 Secured Notes were able to be used by the CLO 2020-1 Issuer to purchase additional middle-market loans and recurring revenue loans under the direction of the Adviser, in its capacity as collateral manager for the CLO 2020-1 Issuer and in accordance with the Company’s investing strategy and ability to originate eligible middle-market loans and recurring revenue loans.

The CLO 2020-1 Secured Notes were the secured obligation of the CLO 2020-1 Issuers, and the CLO 2020-1 Indenture included customary covenants and events of default. The CLO 2020-1 Secured Notes were not registered under the Securities Act, or any state securities (e.g., “blue sky”) laws, and were not able to be offered or sold in the United States absent registration with the SEC or pursuant to an applicable exemption from such registration.

The Adviser served as collateral manager for the CLO 2020-1 Issuer under a collateral management agreement dated as of the Closing Date. The Adviser was entitled to receive fees for providing these services. The Adviser waived its right to receive such fees but may rescind such waiver at any time; provided, however, that if the Adviser rescinds such waiver, the management fee payable to the Adviser pursuant to the Investment Advisory Agreement, dated August 10, 2018, between the Adviser and the Company will be offset by the amount of the collateral management fee attributable to the CLO 2020-1 Issuers’ equity or notes owned by the Company.

CLO 2020-1 Refinancing

On August 23, 2023 (the “CLO 2020-1 Refinancing Date”), the Company completed a $337.5 million term debt securitization refinancing (the “CLO 2020-1 Refinancing”), also known as a collateralized loan obligation refinancing, which is a form of secured financing incurred by the Company. The secured notes issued in the CLO 2020-1 Refinancing were issued by the Company’s consolidated subsidiary Owl Rock Technology Financing 2020-1 LLC, a Delaware limited liability company (the “CLO 2020-1 Refinancing Issuer”) and are backed by a portfolio of collateral obligations consisting of middle-market loans and participation interests in middle-market loans as well as by other assets of the CLO 2020-1 Refinancing Issuer.

The CLO 2020-1 Refinancing was executed by the issuance of the following classes of notes pursuant to an indenture and security agreement dated as of the CLO 2020-1 Closing Date by and among the CLO 2020-1 Issuer, the CLO 2020-1 Refinancing Issuer, as co-issuer and State Street Bank and Trust Company as trustee, as supplemented by the First Supplemental Indenture dated as of July 18, 2023 by and among the CLO 2020-1 Issuer, as issuer, the CLO 2020-1 Refinancing Issuer, as co-issuer and the Trustee and the Second Supplemental Indenture dated as of the CLO 2020-1 Refinancing Date (the “CLO 2020-1 Refinancing Indenture”), by and among the CLO 2020-1 Refinancing Issuer and the Trustee: (i) $112.5 million of AAA(sf) Class A-1R Notes, which bear interest at the Benchmark plus 3.05%, (ii) $23.5 million of AAA(sf) Class A-2R Notes, which bear interest at 6.937%, (iii) $53 million of A(sf) Class B-1R Notes, which bear interest at the Benchmark plus 4.64% and (iv) $15 million of A(sf) Class B-2R Notes, which bear interest at 8.497%, (together, the “CLO 2020-1 Refinancing Secured Notes”). The CLO 2020-1 Refinancing Secured Notes are secured by the middle-market loans and other assets of the CLO 2020-1 Refinancing Issuer. The CLO 2020-1 Refinancing Secured Notes are scheduled to mature on the Payment Date (as defined in the CLO 2020-1 Refinancing Indenture) in October 2035. The CLO 2020-1 Refinancing Secured Notes were privately placed by MUFG Securities Americas Inc. and Scotia Capital (USA) Inc. The proceeds from the CLO 2020-1 Refinancing were used to redeem in full the classes of notes issued on the CLO 2020-1 Closing Date and to pay expenses incurred in connection with the CLO 2020-1 Refinancing. On the CLO 2020-1 Refinancing Date, the CLO 2020-1 Issuer was merged with and into the CLO 2020-1 Refinancing Issuer, with the CLO 2020-1 Refinancing Issuer surviving the merger. The CLO 2020-1 Refinancing Issuer assumed by all operation of law all of the rights and obligations of the CLO 2020-1 Issuer, including the subordinated securities issued by the CLO 2020-1 Issuer on the CLO 2020-1 Closing Date.

On the CLO 2020-1 Closing Date, the CLO 2020-1 Issuer entered into a loan sale agreement with Company, which provided for the sale and contribution of approximately $243.4 million par amount of middle-market loans from the Company to the CLO 2020-1 Issuer on the CLO 2020-1 Refinancing Date and for future sales from the Company to the CLO 2020-1 Issuer on an ongoing basis. No gain or loss was recognized as a result of these sales and contributions. As part of the CLO 2020-1 Refinancing, the CLO 2020-1 Refinancing Issuer, as the successor to the CLO 2020-1 Issuer, entered into an amended and restated loan sale agreement with the Company dated as of the CLO 2020-1 Refinancing Date, pursuant to which the CLO 2020-1 Refinancing Issuer assumed all ongoing obligations of the CLO 2020-1 Issuer under the original agreement and the Company sold and contributed approximately $83.93 million par amount middle-market loans to the CLO 2020-1 Refinancing Issuer on the CLO 2020-1 Refinancing Date and provides for future sales from the Company to the CLO 2020-1 Refinancing Issuer on an ongoing basis. Such loans constituted part of the portfolio of assets securing the CLO 2020-1 Refinancing Secured Notes. The Company made customary representations, warranties, and covenants to the CLO 2020-1 Refinancing Issuer under the loan sale agreement.

Through October 15, 2027, a portion of the proceeds received by the CLO 2020-1 Refinancing Issuer from the loans securing the CLO 2020-1 Refinancing Secured Notes may be used by the CLO 2020-1 Refinancing Issuer to purchase additional middle-market loans under the direction of the Adviser, in its capacity as collateral manager for the CLO 2020-1 Refinancing Issuer and in accordance with the Company’s investing strategy and ability to originate eligible middle-market loans.

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Blue Owl Technology Finance Corp.

Notes to Consolidated Financial Statements (Unaudited) - Continued

The CLO 2020-1 Refinancing Secured Notes are the secured obligation of the CLO 2020-1 Refinancing Issuer, and the CLO 2020-1 Refinancing Indenture includes customary covenants and events of default. The CLO 2020-1 Refinancing Secured Notes have not been registered under the Securities Act, or any state securities (e.g., “blue sky”) laws, and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission or pursuant to an applicable exemption from such registration.

The Adviser serves as collateral manager for the CLO 2020-1 Refinancing Issuer under an amended and restated collateral management agreement dated as of the CLO 2020-1 Refinancing Date. The Adviser is entitled to receive fees for providing these services. The Adviser has waived its right to receive such fees but may rescind such waiver at any time.

Note 6. Fair Value of Financial Instruments

The tables below present the fair value hierarchy of cash and investments as of the following periods:

	Fair Value Hierarchy as of September 30, 2024
($ in thousands)	Level 1		Level 2		Level 3		Total
Cash	$	186,475	$	—	$	—	$	186,475
Investments:
First-lien senior secured debt investments	—		75,027		4,378,614		4,453,641
Second-lien senior secured debt investments	—		153,134		167,999		321,133
Unsecured debt investments	—		—		339,634		339,634
Preferred equity investments(1)	—		—		692,369		692,369
Common equity investments(2)	50,869		17,010		520,005		587,884
Subtotal	$	50,869	$	245,171	$	6,098,621	$	6,394,661
Investments measured at net asset value (“NAV”)(3)	—		—		—		2,187
Total Investments at fair value	$	50,869	$	245,171	$	6,098,621	$	6,396,848

________________

(1)Includes equity investment in LSI Financing.

(2)Includes equity investment in Fifth Season.

(3)Includes equity investment in Credit SLF, which is measured at fair value using the net asset value per share (or its equivalent) practical expedient and has not been categorized in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Consolidated Statements of Assets and Liabilities.

	Fair Value Hierarchy as of December 31, 2023
($ in thousands)	Level 1		Level 2		Level 3		Total
Cash	$	469,017	$	—	$	—	$	469,017
Investments:
First-lien senior secured debt investments	—		8,521		3,975,147		3,983,668
Second-lien senior secured debt investments	—		218,798		235,292		454,090
Unsecured debt investments	—		20,455		407,407		427,862
Preferred equity investments(1)	—		—		861,779		861,779
Common equity investments(2)	75,928		18,110		310,585		404,623
Total Investments at fair value	$	75,928	$	265,884	$	5,790,210	$	6,132,022

________________

(1)Includes equity investment in LSI Financing.

(2)Includes equity investment in Fifth Season.

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Blue Owl Technology Finance Corp.

Notes to Consolidated Financial Statements (Unaudited) - Continued

The following tables present changes in the fair value of investments for which Level 3 inputs were used to determine the fair value as of the following periods:

	As of and for the Three Months Ended September 30, 2024
($ in thousands)	First-lien senior secured debt investments		Second-lien senior secured debt investments		Unsecured debt investments		Preferred equity investments		Common equity investments		Total
Fair value, beginning of period	$	4,156,539	$	169,510	$	322,371	$	821,664	$	376,656	$	5,846,740
Purchases of investments, net	447,656		—		—		22,209		7,902		477,767
Payment-in-kind	12,952		3,584		6,215		10,305		—		33,056
Proceeds from investments, net	(210,923)		(17,647)		—		(25,891)		(60,514)		(314,975)
Net change in unrealized gain (loss)	85,000		(1,046)		8,316		12,232		12,370		116,872
Net realized gains (losses)	(91,275)		—		—		(16,293)		23,746		(83,822)
Net amortization/accretion of premium/discount on investments	5,515		236		3,491		379		—		9,621
Transfers between investment types	(26,850)		—		(759)		(132,236)		159,845		—
Transfers into (out of) Level 3(1)	—		13,362		—		—		—		13,362
Fair value, end of period	$	4,378,614	$	167,999	$	339,634	$	692,369	$	520,005	$	6,098,621

________________

(1)Transfers between levels, if any, are recognized at the beginning of the period noted. For the three months ended September 30, 2024, transfers between Level 2 and Level 3 were as a result of changes in the observability of significant inputs for certain portfolio companies.

	As of and for the Three Months Ended September 30, 2023
($ in thousands)	First-lien senior secured debt investments		Second-lien senior secured debt investments		Unsecured debt investments		Preferred equity investments		Common equity investments		Total
Fair value, beginning of period	$	4,170,088	$	295,500	$	380,746	$	877,864	$	349,148	$	6,073,346
Purchases of investments, net	290,155		—		—		494		4,933		295,582
Payment-in-kind	11,897		3,073		9,627		2,138		—		26,735
Proceeds from investments, net	(319,485)		—		—		(2,646)		—		(322,131)
Net change in unrealized gain (loss)	(1,248)		(2,665)		(7,208)		(27,472)		(16,219)		(54,812)
Net realized gains (losses)	(32)		—		—		32		—		—
Net amortization/accretion of premium/discount on investments	6,095		87		3,588		255		—		10,025
Transfers between investment types	—		—		—		—		—		—
Transfers into (out of) Level 3(1)	(8,502)		(53,213)		—		—		(40,000)		(101,715)
Fair value, end of period	$	4,148,968	$	242,782	$	386,753	$	850,665	$	297,862	$	5,927,030

________________

(1)Transfers between levels, if any, are recognized at the beginning of the period noted. For the three months ended September 30, 2023, transfers between Level 2 and Level 3 were as a result of changes in the observability of significant inputs for certain portfolio companies.

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Blue Owl Technology Finance Corp.

Notes to Consolidated Financial Statements (Unaudited) - Continued

	As of and for the Nine Months Ended September 30, 2024
($ in thousands)	First-lien senior secured debt investments		Second-lien senior secured debt investments		Unsecured debt investments		Preferred equity investments		Common equity investments		Total
Fair value, beginning of period	$	3,975,147	$	235,292	$	407,407	$	861,779	$	310,585	$	5,790,210
Purchases of investments, net	1,223,679		—		51,465		28,097		36,991		1,340,232
Payment-in-kind	40,480		8,160		23,174		29,108		—		100,922
Proceeds from investments, net	(773,877)		(86,195)		(154,087)		(27,209)		(61,762)		(1,103,130)
Net change in unrealized gain (loss)	13,099		(6,206)		14,542		(30,676)		29,789		20,548
Net realized gains (losses)	(91,296)		(806)		(13,222)		(16,293)		23,746		(97,871)
Net amortization/accretion of premium/discount on investments	18,232		954		11,114		610		—		30,910
Transfers between investment types	(26,850)		—		(759)		(153,047)		180,656		—
Transfers into (out of) Level 3(1)	—		16,800		—		—		—		16,800
Fair value, end of period	$	4,378,614	$	167,999	$	339,634	$	692,369	$	520,005	$	6,098,621

________________

(1)Transfers between levels, if any, are recognized at the beginning of the period noted. For the nine months ended September 30, 2024, transfers into (out of) Level 3 were as a result of changes in the observability of significant inputs for certain portfolio companies.

	As of and for the Nine Months Ended September 30, 2023
($ in thousands)	First-lien senior secured debt investments		Second-lien senior secured debt investments		Unsecured debt investments		Preferred equity investments		Common equity investments		Total
Fair value, beginning of period	$	4,232,118	$	448,075	$	347,322	$	834,593	$	343,941	$	6,206,049
Purchases of investments, net	412,153		—		—		10,314		12,278		434,745
Payment-in-kind	53,571		8,694		24,944		25,020		—		112,229
Proceeds from investments, net	(543,013)		(20,000)		(182)		(3,679)		—		(566,874)
Net change in unrealized gain (loss)	16,647		(1,912)		3,944		(51,820)		7,889		(25,252)
Net realized gains (losses)	(15,534)		—		(22)		32		—		(15,524)
Net amortization of discount on investments	11,400		482		10,747		459		—		23,088
Transfers between investment types	(9,500)		—		—		35,746		(26,246)		—
Transfers into (out of) Level 3(1)	(8,874)		(192,557)		—		—		(40,000)		(241,431)
Fair value, end of period	$	4,148,968	$	242,782	$	386,753	$	850,665	$	297,862	$	5,927,030

________________

(1)Transfers between levels, if any, are recognized at the beginning of the period noted. For the nine months ended September 30, 2023, transfers into (out of) Level 3 were as a result of changes in the observability of significant inputs for certain portfolio companies.

65

Blue Owl Technology Finance Corp.

Notes to Consolidated Financial Statements (Unaudited) - Continued

The table below presents the net change in unrealized gains (losses) on investments for which Level 3 inputs were used in determining the fair value that are still held by the Company for the following periods:

($ in thousands)	Net change in unrealized gain (loss) for the Three Months Ended September 30, 2024 on investments held at September 30, 2024		Net change in unrealized gain (loss) for the Three Months Ended September 30, 2023 on investments held at September 30, 2023
First-lien senior secured debt investments	$	250	$	(651)
Second-lien senior secured debt investments	(869)		(2,665)
Unsecured debt investments	8,316		(7,209)
Preferred equity investments	4,116		(27,471)
Common equity investments	18,562		(16,216)
Total Investments	$	30,375	$	(54,212)

($ in thousands)	Net change in unrealized gain (loss) for the Nine Months Ended September 30, 2024 on investments held at September 30, 2024		Net change in unrealized gain (loss) for the Nine Months Ended September 30, 2023 on investments held at September 30, 2023
First-lien senior secured debt investments	$	6,617	$	17,477
Second-lien senior secured debt investments	(6,259)		(2,491)
Unsecured debt investments	14,542		3,945
Preferred equity investments	(37,063)		(51,817)
Common equity investments	32,696		7,890
Total Investments	$	10,533	$	(24,996)

66

Blue Owl Technology Finance Corp.

Notes to Consolidated Financial Statements (Unaudited) - Continued

The following tables present quantitative information about the significant unobservable inputs of the Company’s Level 3 investments as of the following periods. The weighted average range of unobservable inputs is based on fair value of investments. The tables are not intended to be all-inclusive but instead capture the significant unobservable inputs relevant to the Company’s determination of fair value.

	As of September 30, 2024
($ in thousands)	Fair Value		Valuation Technique	Unobservable Input	Range (Weighted Average)	Impact to Valuation from an Increase in Input
First-lien senior secured debt investments	$	4,124,136	Yield Analysis	Market Yield	7.7%-16.8% (9.9%)	Decrease
	248,966		Recent Transaction	Transaction Price	97.0%-100.0% (99.3%)	Increase
	5,512		Collateral Analysis	Recovery Rate	35.0%-38.5% (37.9%)	Increase
Second-lien senior secured debt investments	$	167,999	Yield Analysis	Market Yield	15.7%-37.0% (17.5%)	Decrease
Unsecured debt investments	$	183,812	Yield Analysis	Market Yield	9.1%-16.1% (12.5%)	Decrease
	155,822		Recent Transaction	Transaction Price	121.9%-121.9% (121.9%)	Increase
Preferred equity investments	$	267,074	Yield Analysis	Market Yield	10.8%-31.3% (20.2%)	Decrease
	380,972		Market Approach	Revenue Multiple	2.8x-21.0x (7.9x)	Increase
	44,323		Recent Transaction	Transaction Price	100.0%-107.5% (104.5%)	Increase
Common equity investments	$	148,204	Market Approach	Revenue Multiple	5.5x-13.5x (11.5x)	Increase
	79,989		Market Approach	EBITDA Multiple	3.8x-22.3x (15.3x)	Increase
	164		Option Pricing Model	Volatility	60.0%-70.0% (69.0%)	Increase
	207		Market Approach	Gross Profit Multiple	9.5x-9.5x (9.5x)	Increase
	79,219		Market Approach	AUM Multiple	1.1x-1.1x (1.1x)	Increase
	134,299		Recent Transaction	Transaction Price	97.0%-100.0% (99.0%)	Increase
	73,595		Yield Analysis	Market Yield	15.0%-15.0% (15.0%)	Decrease
	2,720		Market Approach	N/A	N/A	N/A
	1,608		Discounted Cash Flow Analysis	Discount Rate	20.0%-20.0% (20.0%)	Decrease

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Blue Owl Technology Finance Corp.

Notes to Consolidated Financial Statements (Unaudited) - Continued

	As of December 31, 2023
($ in thousands)	Fair Value		Valuation Technique	Unobservable Input	Range (Weighted Average)	Impact to Valuation from an Increase in Input
First-lien senior secured debt investments	$	3,625,053	Yield Analysis	Market Yield	9.3%-15.9% (12.3%)	Decrease
	350,094		Recent Transaction	Transaction Price	97.0%-100.0% (98.6%)	Increase
Second-lien senior secured debt investments	$	235,292	Yield Analysis	Market Yield	11.4%-17.5% (15.3%)	Decrease
Unsecured debt investments	$	266,030	Yield Analysis	Market Yield	10.6%-17.2% (12.3%)	Decrease
	141,377		Market Approach	Transaction Price	100.0%-100.0% (100.0%)	Increase
Preferred equity investments	$	236,932	Yield Analysis	Market Yield	12.6%-25.0% (14.6%)	Decrease
	537,989		Market Approach	Revenue Multiple	4.5x-21.0x (11.1x)	Increase
	67,221		Market Approach	EBITDA Multiple	18.3x-18.3x (18.3x)	Increase
	19,637		Recent Transaction	Transaction Price	98.0%-107.5% (104.3%)	Increase
Common equity investments	$	152,731	Market Approach	Revenue Multiple	6.3x-14.7x (12.5x)	Increase
	16,133		Market Approach	EBITDA Multiple	6.0x-20.3x (16.2x)	Increase
	46,326		Market Approach	Transaction Price	$92.00-$92.00 ($92.00)	Increase
	46,443		Option Pricing Model	Volatility	60.0%-63.5% (63.5%)	Decrease
	225		Market Approach	Gross Profit Multiple	9.9x-9.9x (9.9x)	Increase
	48,727		Recent Transaction	Transaction Price	100.0%-100.0% (100.0%)	Increase

The Company typically determines the fair value of its performing Level 3 debt investments utilizing a yield analysis. In a yield analysis, a price is ascribed for each investment based upon an assessment of current and expected market yields for similar investments and risk profiles. Additional consideration is given to the expected life, portfolio company performance since close, and other terms and risks associated with an investment. Among other factors, a determinant of risk is the amount of leverage used by the portfolio company relative to its total enterprise value, and the rights and remedies of the Company’s investment within the portfolio company’s capital structure.

When the debtor is not performing or when there is insufficient value to cover the investment, the Company may utilize a net recovery (aka waterfall) approach to determine the fair value of debt investments in subject companies. A net recovery analysis typically consists of two steps. First, the total enterprise value for the subject company is estimated using standard valuation approaches, most commonly the market approach. Second, the fair value for each investment in the subject company is then estimated by allocating the subject company’s total enterprise value to the outstanding securities in the capital structure based upon various factors, including seniority, preferences, and other features if deemed relevant to each security in the capital structure.

Significant unobservable quantitative inputs typically used in the fair value measurement of the Company’s Level 3 debt investments primarily include current market yields, including relevant market indices, but may also include quotes from brokers, dealers, and pricing services as indicated by comparable investments. For the Company’s Level 3 equity investments, a market approach, based on comparable financial performance multiples such as publicly-traded company and comparable market transaction multiples of revenues, earnings before income taxes, depreciation and amortization (“EBITDA”), or some combination thereof and comparable market transactions are typically used.

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Blue Owl Technology Finance Corp.

Notes to Consolidated Financial Statements (Unaudited) - Continued

Debt Not Carried at Fair Value

Fair value is estimated by discounting remaining payments using applicable current market rates, which take into account changes in the Company’s marketplace credit ratings, or market quotes, if available. The table below presents the carrying and fair values of the Company’s debt obligations as of the following periods:

	September 30, 2024						December 31, 2023
($ in thousands)	Net Carrying Value		Unamortized Debt Issuance Costs		Fair Value		Net Carrying Value		Unamortized Debt Issuance Costs		Fair Value
Revolving Credit Facility(1)	337,778		13,696		337,778		327,266		16,127		327,267
SPV Asset Facility I	594,963		5,037		594,963		594,453		5,547		594,453
SPV Asset Facility II	298,742		1,258		298,742		298,103		1,897		298,103
June 2025 Notes	209,072		928		208,950		208,175		1,825		205,800
December 2025 Notes	651,888		(1,888)		628,875		653,042		(3,042)		614,250
June 2026 Notes	372,401		2,599		349,688		371,316		3,684		343,125
January 2027 Notes	296,480		3,520		269,250		295,364		4,636		261,750
CLO 2020-1	199,883		4,117		199,883		199,610		4,390		199,610
Total Debt	$	2,961,207	$	29,267	$	2,888,129	$	2,947,329	$	35,064	$	2,844,358

________________

(1)Net carrying value includes unrealized translation gain (loss) on borrowings denominated in foreign currencies.

The below table presents the fair value measurements of the Company’s debt obligations as of the following periods:

	September 30, 2024		December 31, 2023
Level 1	$	—	$	—
Level 2	1,456,763		1,424,925
Level 3	1,431,366		1,419,433
Total Debt	$	2,888,129	$	2,844,358

Financial Instruments Not Carried at Fair Value

As of September 30, 2024 and December 31, 2023, the carrying amounts of the Company’s other assets and liabilities approximate fair value due to their short maturities. These financial instruments would be categorized as Level 3 within the hierarchy.

Note 7. Commitments and Contingencies

Portfolio Company Commitments

From time to time, the Company may enter into commitments to fund investments. The table below presents outstanding commitments to fund investments in current portfolio companies as of the following periods:

Portfolio Company	Investment	September 30, 2024		December 31, 2023
($ in thousands)
Activate Holdings (US) Corp. (dba Absolute Software)	First lien senior secured revolving loan	$	352	$	282
3ES Innovation Inc. (dba Aucerna)	First lien senior secured revolving loan	4,580		1,580
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC	LLC Interest	3,403		296
AAM Series 2.1 Aviation Feeder, LLC	LLC interest	2,288		17
Acquia Inc.	First lien senior secured revolving loan	7,074		5,989
Aerosmith Bidco Limited (dba Audiotonix)	First lien senior secured multi-draw term loan	12,475		—
Aerosmith Bidco Limited (dba Audiotonix)	First lien senior secured multi-draw term loan	27,119		—
Aerosmith Bidco Limited (dba Audiotonix)	First lien senior secured multi-currency revolving loan	16,416		—
AI Titan Parent, Inc. (dba Prometheus Group)	First lien senior secured delayed draw term loan	4,528		—

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Notes to Consolidated Financial Statements (Unaudited) - Continued

Portfolio Company	Investment	September 30, 2024	December 31, 2023
AI Titan Parent, Inc. (dba Prometheus Group)	First lien senior secured revolving loan	2,830	—
AlphaSense, Inc.	First lien senior secured delayed draw term loan	5,477	—
AlphaSense, Inc.	First lien senior secured delayed draw term loan	5,549	—
Anaplan, Inc.	First lien senior secured revolving loan	3,542	3,542
Aptean Acquiror, Inc. (dba Aptean)	First lien senior secured delayed draw term loan	372	—
Aptean Acquiror, Inc. (dba Aptean)	First lien senior secured revolving loan	273	—
Artifact Bidco, Inc. (dba Avetta)	First lien senior secured delayed draw term loan	3,912	—
Artifact Bidco, Inc. (dba Avetta)	First lien senior secured revolving loan	2,794	—
Associations, Inc.	First lien senior secured delayed draw term loan	3,847	—
Associations, Inc.	First lien senior secured revolving loan	3,083	—
Azurite Intermediate Holdings, Inc. (dba Alteryx, Inc.)	First lien senior secured delayed draw term loan	10,688	—
Azurite Intermediate Holdings, Inc. (dba Alteryx, Inc.)	First lien senior secured revolving loan	4,750	—
Aurelia Netherlands Midco 2 B.V.	First lien senior secured EUR term loan	—	14,005
Aurelia Netherlands Midco 2 B.V.	First lien senior secured NOK term loan	—	14,656
Aurelia Netherlands Midco 2 B.V.	First lien senior secured EUR revolving loan	—	1,556
Avalara, Inc.	First lien senior secured revolving loan	909	909
Bamboo US BidCo LLC	First lien senior secured delayed draw term loan	398	716
Bamboo US BidCo LLC	First lien senior secured revolving loan	1,026	1,026
Bayshore Intermediate #2, L.P. (dba Boomi)	First lien senior secured revolving loan	11,694	9,355
BCPE Osprey Buyer, Inc. (dba PartsSource)	First lien senior secured delayed draw term loan	21,744	26,309
BCPE Osprey Buyer, Inc. (dba PartsSource)	First lien senior secured revolving loan	5,708	8,426
BCTO BSI Buyer, Inc. (dba Buildertrend)	First lien senior secured revolving loan	11,250	11,250
BTRS HOLDINGS INC. (dba Billtrust)	First lien senior secured delayed draw term loan	9	36
BTRS HOLDINGS INC. (dba Billtrust)	First lien senior secured revolving loan	56	67
Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.)	First lien senior secured revolving loan	4,450	4,450
Certinia, Inc.	First lien senior secured revolving loan	2,941	2,941
IRI Group Holdings, Inc. (f/k/a Circana Group, L.P. (f/k/a The NPD Group, L.P.))	First lien senior secured revolving loan	664	1,238
CivicPlus, LLC	First lien senior secured revolving loan	4,664	3,078
Community Brands ParentCo, LLC	First lien senior secured delayed draw term loan	—	1,500
Community Brands ParentCo, LLC	First lien senior secured revolving loan	—	750
Computer Services, Inc. (dba CSI)	First lien senior secured delayed draw term loan	9,196	—
Coupa Holdings, LLC	First lien senior secured delayed draw term loan	70	70
Coupa Holdings, LLC	First lien senior secured revolving loan	54	54
Crewline Buyer, Inc. (dba New Relic)	First lien senior secured revolving loan	9,434	9,434
CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant)	First lien senior secured delayed draw term loan	1,992	—
CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant)	First lien senior secured revolving loan	4,981	—
Delinea Buyer, Inc. (f/k/a Centrify)	First lien senior secured revolving loan	8,163	8,163
Diligent Corporation	First lien senior secured revolving loan	—	701
Disco Parent, Inc. (dba Duck Creek Technologies, Inc.)	First lien senior secured revolving loan	91	91
Entrata, Inc.	First lien senior secured revolving loan	103	103
EET Buyer, Inc. (dba e-Emphasys)	First lien senior secured delayed draw term loan	4,773	—

70

Blue Owl Technology Finance Corp.

Notes to Consolidated Financial Statements (Unaudited) - Continued

Portfolio Company	Investment	September 30, 2024	December 31, 2023
EET Buyer, Inc. (dba e-Emphasys)	First lien senior secured revolving loan	5,348	4,278
Finastra USA, Inc.	First lien senior secured revolving loan	4,014	5,498
Forescout Technologies, Inc.	First lien senior secured revolving loan	9,517	—
Forescout Technologies, Inc.	First lien senior secured delayed draw term loan	—	32,175
Forescout Technologies, Inc.	First lien senior secured revolving loan	—	8,333
Fullsteam Operations, LLC	First lien senior secured delayed draw term loan	7,686	3,805
Fullsteam Operations, LLC	First lien senior secured revolving loan	593	593
Gainsight, Inc.	First lien senior secured revolving loan	2,700	2,700
Gerson Lehrman Group, Inc.	First lien senior secured revolving loan	956	3,647
GI Ranger Intermediate, LLC (dba Rectangle Health)	First lien senior secured revolving loan	2,211	885
Granicus, Inc.	First lien senior secured revolving loan	274	—
Granicus, Inc.	First lien senior secured revolving loan	—	2,069
Magnet Forensics, LLC (f/k/a Grayshift, LLC)	First lien senior secured revolving loan	968	968
GS Acquisitionco, Inc. (dba insightsoftware)	First lien senior secured delayed draw term loan	1,921	—
GS Acquisitionco, Inc. (dba insightsoftware)	First lien senior secured revolving loan	4,177	3,344
H&F Opportunities LUX III S.À R.L (dba Checkmarx)	First lien senior secured revolving loan	25,000	25,000
Hyland Software, Inc.	First lien senior secured revolving loan	4,070	4,070
Icefall Parent, Inc. (dba EngageSmart)	First lien senior secured revolving loan	1,217	—
Indikami Bidco, LLC (dba IntegriChain)	First lien senior secured delayed draw term loan	8,382	8,382
Indikami Bidco, LLC (dba IntegriChain)	First lien senior secured revolving loan	3,832	5,987
Inovalon Holdings, Inc.	First lien senior secured delayed draw term loan	—	13,834
Integrity Marketing Acquisition, LLC	First lien senior secured delayed draw term loan	—	13,714
Integrity Marketing Acquisition, LLC	First lien senior secured revolving loan	—	3,409
Integrity Marketing Acquisition, LLC	First lien senior secured delayed draw term loan	7,895	—
Integrity Marketing Acquisition, LLC	First lien senior secured revolving loan	2,422	—
Interoperability Bidco, Inc. (dba Lyniate)	First lien senior secured delayed draw term loan	5,714	—
Interoperability Bidco, Inc. (dba Lyniate)	First lien senior secured revolving loan	4,658	3,927
JS Parent, Inc. (dba Jama Software)	First lien senior secured revolving loan	1,324	—
Kaseya Inc.	First lien senior secured delayed draw term loan	703	887
Kaseya Inc.	First lien senior secured revolving loan	709	709
KWOL Acquisition Inc. (dba Worldwide Clinical Trials)	First lien senior secured revolving loan	2,570	2,056
Litera Bidco LLC	First lien senior secured delayed draw term loan	17,117	—
Litera Bidco LLC	First lien senior secured delayed draw term loan	13,448	—
Litera Bidco LLC	First lien senior secured revolving loan	7,654	8,250
LogRhythm, Inc.	First lien senior secured revolving loan	475	—
LSI Financing 1 DAC	Series 5 Notes	32,622	—
LSI Financing 1 DAC	Series 6 Notes	275	—
ManTech International Corporation	First lien senior secured delayed draw term loan	1,030	1,030
ManTech International Corporation	First lien senior secured revolving loan	860	860
MINDBODY, Inc.	First lien senior secured revolving loan	7,143	7,143
Ministry Brands Holdings, LLC	First lien senior secured revolving loan	737	344
Minotaur Acquisition, Inc. (dba Inspira Financial)	First lien senior secured delayed draw term loan	8,834	—

71

Blue Owl Technology Finance Corp.

Notes to Consolidated Financial Statements (Unaudited) - Continued

Portfolio Company	Investment	September 30, 2024	December 31, 2023
Minotaur Acquisition, Inc. (dba Inspira Financial)	First lien senior secured revolving loan	5,435	—
Monotype Imaging Holdings Inc.	First lien senior secured delayed draw term loan	4,913	—
Monotype Imaging Holdings Inc.	First lien senior secured revolving loan	7,369	—
Neptune Holdings, Inc. (dba NexTech)	First lien senior secured revolving loan	588	588
NMI Acquisitionco, Inc. (dba Network Merchants)	First lien senior secured revolving loan	1,115	1,115
Oranje Holdco, Inc. (dba KnowBe4)	First lien senior secured revolving loan	1,602	1,602
PDI TA Holdings, Inc.	First lien senior secured delayed draw term loan	2,088	—
PDI TA Holdings, Inc.	First lien senior secured revolving loan	918	—
PetVet Care Centers, LLC	First lien senior secured delayed draw term loan	5,120	5,120
PetVet Care Centers, LLC	First lien senior secured revolving loan	5,373	5,373
Ping Identity Holding Corp.	First lien senior secured revolving loan	416	91
Pluralsight, LLC	First lien senior secured loan	—	2,230
Pluralsight, LLC	First lien senior secured delayed draw term loan	12,649	—
Pluralsight, LLC	First lien senior secured revolving loan	5,060	—
Project Power Buyer, LLC (dba PEC-Veriforce)	First lien senior secured revolving loan	3,750	3,750
Pye-Barker Fire & Safety, LLC	First lien senior secured delayed draw term loan	12,136	—
Pye-Barker Fire & Safety, LLC	First lien senior secured revolving loan	2,386	—
QAD, Inc.	First lien senior secured revolving loan	11,429	11,429
Relativity ODA LLC	First lien senior secured revolving loan	—	11,250
Relativity ODA LLC	First lien senior secured revolving loan	7,871	—
RL Datix Holdings (USA), Inc.	First lien senior secured delayed draw term loan	10,985	—
RL Datix Holdings (USA), Inc.	First lien senior secured revolving loan	9,618	—
RL Datix Holdings (USA), Inc.	First lien senior secured revolving loan	—	778
Rubrik, Inc.	First lien senior secured delayed draw term loan	260	1,306
SailPoint Technologies Holdings, Inc.	First lien senior secured revolving loan	4,358	4,358
Salinger Bidco Inc. (dba Surgical Information Systems)	First lien senior secured delayed draw term loan	1,406	—
Salinger Bidco Inc. (dba Surgical Information Systems)	First lien senior secured revolving loan	1,406	—
Securonix, Inc.	First lien senior secured revolving loan	3,479	3,559
Simpler Postage, Inc. (dba Easypost)	First lien senior secured delayed draw term loan	9,955	—
Simpler Postage, Inc. (dba Easypost)	First lien senior secured delayed draw term loan	7,742	—
SimpliSafe Holding Corporation	First lien senior secured delayed draw term loan	—	75
Smarsh Inc.	First lien senior secured delayed draw term loan	5,524	5,524
Smarsh Inc.	First lien senior secured revolving loan	442	442
Talon MidCo 2 Limited	First lien senior secured delayed draw term loan	—	13
Talon MidCo 2 Limited	First lien senior secured revolving loan	119	119
Tamarack Intermediate, L.L.C. (dba Verisk 3E)	First lien senior secured delayed draw term loan	—	744
Tamarack Intermediate, L.L.C. (dba Verisk 3E)	First lien senior secured revolving loan	1,682	1,682
Thunder Purchaser, Inc. (dba Vector Solutions)	First lien senior secured revolving loan	2,138	4,613
Velocity HoldCo III Inc. (dba VelocityEHS)	First lien senior secured revolving loan	2,500	2,188
Walker Edison Furniture Company LLC	First lien senior secured delayed draw term loan	225	2,809

72

Blue Owl Technology Finance Corp.

Notes to Consolidated Financial Statements (Unaudited) - Continued

Portfolio Company	Investment	September 30, 2024		December 31, 2023
When I Work, Inc.	First lien senior secured revolving loan	5,605		5,605
XRL 1 LLC (dba XOMA)	First lien senior secured delayed draw term loan	1,000		1,000
Zendesk, Inc.	First lien senior secured delayed draw term loan	12,922		12,922
Zendesk, Inc.	First lien senior secured revolving loan	5,321		5,321
Total Unfunded Portfolio Company Commitments		$	605,683	$	396,093

The Company maintains sufficient borrowing capacity to cover outstanding unfunded portfolio company commitments that the Company may be required to fund.

Other Commitments and Contingencies

From time to time, the Company may become a party to certain legal proceedings incidental to the normal course of its business. At September 30, 2024, management was not aware of any pending or threatened litigation.

Note 8. Net Assets

Equity Issuances

The Company has the authority to issue 500,000,000 common shares at $0.01 per share par value.

There were no sales of the Company’s common stock during the nine months ended September 30, 2024 and 2023.

Distributions

The following table reflects the distributions declared on shares of the Company’s common stock during the following periods:

	For the Nine Months Ended September 30, 2024
Date Declared	Record Date	Payment Date	Distribution per Share
August 6, 2024	September 30, 2024	November 15, 2024	$	0.36
May 7, 2024	June 28, 2024	August 15, 2024	$	0.40
February 21, 2024(1)	March 29, 2024	May 15, 2024	$	0.37

________________

(1)Expected to be paid or was partially paid from sources other than ordinary income, including long-term capital gains.

	For the Nine Months Ended September 30, 2023
Date Declared	Record Date	Payment Date	Distribution per Share
August 8, 2023	September 29, 2023	November 15, 2023	$	0.37
May 9, 2023	June 30, 2023	August 15, 2023	$	0.37
February 21, 2023(1)	March 31, 2023	May 15, 2023	$	0.34

________________

(1)Expected to be paid or was partially paid from sources other than ordinary income, including long-term capital gains.

Dividend Reinvestment

With respect to distributions, the Company has adopted an “opt out” dividend reinvestment plan for common shareholders. As a result, in the event of a declared distribution, each shareholder that has not “opted out” of the dividend reinvestment plan will have their dividends or distributions automatically reinvested in additional shares of the Company’s common stock rather than receiving cash distributions. Shareholders who receive distributions in the form of shares of common stock will be subject to the same U.S. federal, state and local tax consequences as if they received cash distributions.

73

Blue Owl Technology Finance Corp.

Notes to Consolidated Financial Statements (Unaudited) - Continued

The following tables reflect the common stock issued pursuant to the dividend reinvestment plan during the following periods:

	For the Nine Months Ended September 30, 2024
Date Declared	Record Date	Payment Date	Shares
May 7, 2024	June 28, 2024	August 15, 2024	1,323,864
February 21, 2024	March 29, 2024	May 15, 2024	1,190,189
November 7, 2023	December 29, 2023	January 31, 2024	1,212,560

	For the Nine Months Ended September 30, 2023
Date Declared	Record Date	Payment Date	Shares
May 9, 2023	June 30, 2023	August 15, 2023	1,169,242
February 21, 2023	March 31, 2023	May 15, 2023	1,082,573
November 1, 2022	December 31, 2022	January 31, 2023	912,215

Note 9. Earnings Per Share

The table below presents the computation of basic and diluted earnings (loss) per common share for the following periods:

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
($ in thousands, except per share amounts)	2024		2023		2024		2023
Increase (decrease) in net assets resulting from operations	$	119,538	$	56,804	$	218,527	$	267,545
Weighted average shares of common stock outstanding—basic and diluted	210,331,300		205,474,428		209,162,895		204,446,780
Earnings (loss) per common share-basic and diluted	$	0.57	$	0.28	$	1.04	$	1.31

Note 10. Income Taxes

The Company has elected to be treated as a RIC under Subchapter M of the Code, and the Company intends to operate in a manner so as to continue to qualify for the tax treatment applicable to RICs. To qualify for tax treatment as a RIC, the Company must, among other things, distribute to its shareholders in each taxable year generally at least the sum of 90% of our investment company taxable income, as defined by the Code, and net tax-exempt income for that taxable year. To maintain its tax treatment as a RIC, the Company, among other things, intends to make the requisite distributions to our shareholders, which generally relieves the Company from U.S. federal income taxes at corporate rates.

Depending on the level of taxable income earned in a tax year, the Company can be expected to carry forward taxable income (including net capital gains, if any) in excess of current year dividend distributions from the current tax year into the next tax year and pay a nondeductible 4% U.S. federal excise tax on such taxable income, as required. To the extent that the Company determines that its estimated current year annual taxable income will be in excess of estimated current year dividend distributions from such income, the Company will accrue excise tax on estimated excess taxable income.

For the three and nine months ended September 30, 2024, the Company recorded U.S. federal excise tax expense of $2.8 million and $8.6 million, respectively. For the three and nine months ended September 30, 2023, the Company recorded U.S. federal excise tax expense of $2.6 million and $9.0 million, respectively.

Taxable Subsidiaries

Certain of the Company’s consolidated subsidiaries are subject to U.S. federal and state corporate-level income taxes. For the three and nine months ended September 30, 2024, we recorded U.S federal and state income tax expense/(benefit) of $(1) thousand and $(4) thousand, respectively. For the three and nine months ended September 30, 2023, the Company recorded a U.S federal and state income tax expense/(benefit) of $1 thousand and $4 thousand, respectively.

The Company recorded a net deferred tax liability of $(42) thousand as of September 30, 2024, for taxable subsidiaries, which is significantly related to GAAP to tax outside basis differences in the taxable subsidiaries’ investment in certain partnership interests. The Company recorded a net deferred tax asset of $5 thousand for taxable subsidiaries as of December 31, 2023.

74

Blue Owl Technology Finance Corp.

Notes to Consolidated Financial Statements (Unaudited) - Continued

Note 11. Financial Highlights

The table below presents the financial highlights for a common share outstanding.

	For the Nine Months Ended September 30,
($ in thousands, except share and per share amounts)	2024			2023
Per share data:
Net asset value, beginning of period	$	17.03		$	16.70
Net investment income (loss)(1)	1.37			1.30
Net realized and unrealized gain (loss)(1)	(0.33)			(0.01)
Total from operations(1)	1.04			1.29
Distributions declared from net investment income(2)	(1.12)			(1.08)
Total increase (decrease) in net assets	(0.08)			0.21
Net asset value, end of period	$	16.95		$	16.91
Shares outstanding, end of period	210,978,842			206,046,339
Total Return(3)	6.3		%	8.0		%
Ratios / Supplemental Data
Ratio of total expenses to average net assets(4)	8.7		%	9.3		%
Ratio of net investment income to average net assets(4)	11.0		%	10.3		%
Net assets, end of period	$	3,575,511		$	3,484,890
Weighted-average shares outstanding	209,162,895			204,446,780
Total capital commitments, end of period	$	3,134,815		$	3,134,815
Ratio of total contributed capital to total committed capital, end of period	100.0		%	100.0		%
Portfolio turnover rate	25.2		%	8.2		%
Year of formation	2018			2018

________________

(1)The per share data was derived using the weighted average shares outstanding during the period.

(2)The per share data was derived using actual shares outstanding at the date of the relevant transactions.

(3)Total return is calculated as the change in NAV per share during the period, plus distributions per share (assuming dividends and distributions, if any, are reinvested in accordance with the Company’s dividend reinvestment plan), if any, divided by the beginning NAV per share.

(4)The ratio reflects an annualized amount, except in the case of non-recurring expenses (e.g. initial organization expenses).

Note 12. Subsequent Events

In preparing these financial statements, the Company has evaluated events and transactions for potential recognition or disclosure through the date of issuance. There are no subsequent events to disclose except for the following:

Dividends

On October 1, 2024, the Board declared a distribution of an amount equal to the greater of (i) any undistributed investment company taxable income determined pursuant to the Code and any undistributed net capital gain to the extent allowable under the Code for the fiscal year ended December 31, 2023 and (ii) 90% of estimated fourth quarter investment company taxable income, if any, for shareholders of record on December 31, 2024, payable on or before January 31, 2025.

SPV Asset Facility I Amendment

On October 30, 2024, OR Tech Financing I entered into the Second Amendment to Amended and Restated Credit Agreement, which amended SPV Asset Facility I in order to, among other changes, (i) increase the total term commitment from $600,000,000 to $700,000,000, (ii) amend the Commitment Fee from 0.35% to 0.50%, (iii) amend the Applicable Margin from 3.31% to 2.25%, (iv) extend the end of the reinvestment period from December 22, 2025 to October 30, 2027, (v) extend the maturity date from December 22, 2033 to October 30, 2035 and (vi) amend the Prepayment Make-Whole Premium (as defined in SPV Asset Facility I).

SPV Asset Facility II Amendment

75

Blue Owl Technology Finance Corp.

Notes to Consolidated Financial Statements (Unaudited) - Continued

On October 30, 2024, ORTF Funding I entered into Amendment No. 2 which amended SPV Asset Facility II in order to, among other changes, (i) replace Alter Domus (US) LLC with State Street Bank and Trust Company as Collateral Custodian under SPV Asset Facility II, (ii) increase the commitments under SPV Asset Facility II from $300,000,000 to $400,000,000, (iii) extend the reinvestment period through November 16, 2027 and the scheduled maturity date to November 16, 2029 and (iv) reduce the spread from 2.625% to 2.400% and remove the term SOFR adjustment.

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

The information contained in this section should be read in conjunction with “ITEM 1. CONSOLIDATED FINANCIAL STATEMENTS”. This discussion contains forward-looking statements, which relate to future events or the future performance or financial condition of Blue Owl Technology Finance Corp. and involves numerous risks and uncertainties, including, but not limited to, those described in our Form 10-K for the fiscal year ended December 31, 2023 in “ITEM 1A. RISK FACTORS”. This discussion also should be read in conjunction with “Cautionary Statement Regarding Forward Looking Statements” in this Quarterly Report on Form 10-Q. Actual results could differ materially from those implied or expressed in any forward-looking statements.

Overview

Blue Owl Technology Finance Corp. (the “Company”, “we”, “us” or “our”) is a Maryland corporation formed on July 12, 2018. We were formed primarily to originate and make debt and equity investments in technology-related companies based primarily in the United States. We originate and invest in senior secured or unsecured loans, subordinated loans or mezzanine loans, and equity-related securities including common equity, warrants, preferred stock and similar forms of senior equity, which may or may not be convertible into a portfolio company’s common equity. Our investment objective is to maximize total return by generating current income from our debt investments and other income producing securities, and capital appreciation from our equity and equity-linked investments.

We are managed by Blue Owl Technology Credit Advisors LLC (“the Adviser” or “our Adviser”). The Adviser is registered with the U.S. Securities and Exchange Commission (the “SEC”) as an investment adviser under the Investment Advisers Act of 1940, as amended (the “Advisers Act”), an indirect affiliate of Blue Owl Capital Inc. (“Blue Owl”) (NYSE: OWL) and part of Blue Owl’s Credit platform, which focuses on direct lending. Subject to the overall supervision of our board of directors (the “Board”), the Adviser manages our day-to-day operations, and provides investment advisory and management services to us. The Adviser or its affiliates may engage in certain origination activities and receive attendant arrangement, structuring or similar fees. The Adviser is responsible for managing our business and activities, including sourcing investment opportunities, conducting research, performing diligence on potential investments, structuring our investments, and monitoring our portfolio companies on an ongoing basis through a team of investment professionals.

Through August 1, 2021, we conducted private offerings (each, a “Private Offering”) of our common shares to accredited investors in reliance on exemptions from the registration requirements of the Securities Act of 1933, as amended. At the closing of each Private Offering, each investor made a capital commitment (a “Capital Commitment”) to purchase shares of our common stock pursuant to a subscription agreement entered into with us. Until the earlier of the listing of our common shares on a national securities exchange (an “Exchange Listing”) and the end of the Commitment Period (as defined below), investors were required to fund drawdowns to purchase shares of our common stock up to the amount of their respective Capital Commitment on an as-needed basis each time we delivered a drawdown notice to our investors. The initial closing of the Private Offering occurred on August 10, 2018 (the “Initial Closing”) and through the termination of the Private Offerings on August 1, 2021, we received $3.13 billion in total Capital Commitments from investors, of which $80.9 million is from entities affiliated with or related to our Adviser. As of November 5, 2021, our Capital Commitments were fully drawn. The “Commitment Period” will continue until August 10, 2025, which is the earlier of the (i) five year anniversary of the Final Closing (August 1, 2026) and (ii) the seven year anniversary of the Initial Closing (August 10, 2025). If we have not consummated an Exchange Listing by the end of the Commitment Period, subject to extension for two additional one-year periods, in the sole discretion of the Board, the Board (subject to any necessary shareholder approvals and applicable requirements of the Investment Company Act of 1940 (the “1940 Act”)) will use its commercially reasonable efforts to wind down and/or liquidate and dissolve the Company in an orderly manner.

Blue Owl consists of three investment platforms: (1) Credit, which focuses on direct lending, (2) GP Strategic Capital, which focuses on acquiring equity positions in and providing debt financing to institutional alternative asset managers and (3) Real Estate, which focuses on triple net lease real estate strategies and real estate credit. Blue Owl’s Credit platform is comprised of the Adviser, Blue Owl Credit Advisors LLC (“OCA”), Blue Owl Diversified Credit Advisors LLC (“ODCA”), Blue Owl Technology Credit Advisors II LLC (“OTCA II”), and Blue Owl Credit Private Fund Advisors LLC (“OPFA” and together with the Adviser, OCA, OTCA II, and ODCA, the “Blue Owl Credit Advisers”). As of September 30, 2024, the Adviser and its affiliates had $128.44 billion of assets under management across Blue Owl’s Credit platform.

The management of our investment portfolio is the responsibility of the Adviser and the Technology Lending Investment Committee. We consider these individuals to be our portfolio managers. The Investment Team is also led by Douglas I. Ostrover, Marc S. Lipschultz and Craig W. Packer and is supported by certain members of the Adviser’s senior executive team and Blue Owl’s Credit platform’s investment committees. Blue Owl’s Credit platform has four investment committees each of which focuses on a specific investment strategy (Diversified Lending, Technology Lending, First Lien Lending and Opportunistic Lending). Douglas I. Ostrover, Marc S. Lipschultz, Craig W. Packer and Alexis Maged sit on each of Blue Owl’s Credit platform’s investment committees. In addition to Messrs. Ostrover, Lipschultz, Packer and Maged, the Technology Lending Investment Committee is comprised of Erik Bissonnette, Pravin Vazirani and Jon ten Oever. The Investment Team, under the Technology Lending Investment Committee’s supervision, sources investment opportunities, conducts research, performs due diligence on potential investments, structures our investments and will monitor our portfolio companies on an ongoing basis.

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The Technology Lending Investment Committee meets regularly to consider our investments, direct our strategic initiatives and supervise the actions taken by the Adviser on our behalf. In addition, the Technology Lending Investment Committee reviews and determines whether to make prospective investments (including approving parameters or guidelines pursuant to which investments in broadly syndicated loans may be bought and sold), structures financings and monitors the performance of the investment portfolio. Each investment opportunity requires the approval of a majority of the Technology Lending Investment Committee. Follow-on investments in existing portfolio companies may require the Technology Lending Investment Committee’s approval beyond that obtained when the initial investment in the portfolio company was made. In addition, temporary investments, such as those in cash equivalents, U.S. government securities and other high quality debt investments that mature in one year or less, may require approval by the Technology Lending Investment Committee. The compensation packages of certain Technology Lending Investment Committee members from the Adviser include various combinations of discretionary bonuses and variable incentive compensation based primarily on performance for services provided and may include shares of Blue Owl.

We may be prohibited under the 1940 Act from participating in certain transactions with our affiliates without the prior approval of our directors who are not interested persons and, in some cases, the prior approval of the SEC. We rely on an order for exemptive relief (as amended, the “Order”), that has been granted by the SEC to OCA and certain of its affiliates, to permit us to co-invest with other funds managed by the Adviser or certain of its affiliates in a manner consistent with our investment objective, positions, policies, strategies and restrictions as well as regulatory requirements and other pertinent factors. Pursuant to the Order, we generally are permitted to co-invest with certain of our affiliates if a “required majority” (as defined in Section 57(o) of the 1940 Act) of our independent directors make certain conclusions in connection with a co-investment transaction, including that (1) the terms of the transactions, including the consideration to be paid, are reasonable and fair to us and our shareholders and do not involve overreaching by us or our shareholders on the part of any person concerned, (2) the transaction is consistent with the interests of our shareholders and is consistent with our investment objective and strategies, (3) the investment by our affiliates would not disadvantage us, and our participation would not be on a basis different from or less advantageous than that on which our affiliates are investing, and (4) the proposed investment by us would not benefit our Advisers or its affiliates or any affiliates person of any of them (other than the parties to the transaction, except to the extent permitted by the Order and applicable law, including the limitations set forth in Section 57(k) of the 1940 Act).

In addition, the Order permits us to participate in follow-on investments in our existing portfolio companies with certain affiliates that are private funds even if such private funds did not have an investment in such existing portfolio company. The Blue Owl Credit Advisers’ investment allocation policy seeks to ensure equitable allocation of investment opportunities between us and/or other funds managed by our Adviser or its affiliates. As a result of the Order, there could be significant overlap in our investment portfolio and the investment portfolio of the business development companies (“BDCs”), private funds and separately managed accounts managed by the Blue Owl Credit Advisers (collectively, the “Blue Owl Credit Clients”) and/or other funds managed by the Adviser or its affiliates that could avail themselves of the Order and that have an investment objective similar to ours.

On September 24, 2018, we formed a wholly-owned subsidiary, OR Tech Lending LLC, a Delaware limited liability company, which holds a California finance lenders license. OR Tech Lending LLC originates loans to borrowers headquartered in California. From time to time we may form wholly-owned subsidiaries to facilitate the normal course of business.

We have elected to be regulated as a BDC under the 1940 Act and have elected to be treated as a regulated investment company (“RIC”) for tax purposes under the Internal Revenue Code of 1986, as amended (the “Code”). As a result, we are required to comply with various statutory and regulatory requirements, such as:

•the requirement to invest at least 70% of our assets in “qualifying assets”, as such term is defined in the 1940 Act;

•source of income limitations;

•asset diversification requirements; and

•the requirement to distribute (or be treated as distributing) in each taxable year at least the sum of 90% of our investment company taxable income and tax-exempt interest for that taxable year.

In addition, we will not invest more than 20% of our total assets in companies whose principal place of business is outside the United States, although we do not generally intend to invest in companies whose principal place of business is in an emerging market and we have adopted a policy to invest, under normal circumstances at least 80% of the value of our total assets in “technology-related” businesses (as defined below).

Our Investment Framework

We are a Maryland corporation organized primarily to originate and make debt and equity investments in technology-related companies based primarily in the United States. We originate and invest in senior secured or unsecured loans, subordinated loans or mezzanine loans, broadly syndicated loans and equity-related securities including common equity, warrants, preferred stock and similar forms of senior equity, which may or may not be convertible into a portfolio company’s common equity. Our investment objective is to maximize total return by generating current income from debt investments and other income producing securities, and capital appreciation from our equity and equity-linked investments. We may hold our investments directly or through special purpose

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vehicles. We generally intend to invest in companies with a low loan-to-value ratio, which we consider to be 50% or below. Since our Adviser’s affiliates began investment activities in April 2016 through September 30, 2024, the Blue Owl Credit Advisers have originated $128.73 billion aggregate principal amount of investments across multiple industries, of which $124.90 billion of aggregate principal amount of investments prior to any subsequent exits or repayments, was retained by either us or a corporation or fund advised by our Adviser or its affiliates.

We invest at least 80% of the value of our total assets in "technology-related" companies. We define technology-related companies as those that operate in the technology industry or sector, or those that are developing or offering goods to businesses and consumers which utilize scientific knowledge, including techniques, skills, methods, devices and processes to solve problems. We specifically focus on software and enterprise software companies within the technology and technology-related universe of companies. We invest in a broad range of established and high growth technology-related companies with a focus on enterprise software companies that are capitalizing on the large and growing demand for enterprise software products and services. These companies use technology extensively to improve business processes, applications and opportunities or seek to grow through technological developments and innovations. These companies operate in technology-related industries or sectors which include, but are not limited to, application software, systems software, healthcare information technology, technology services and infrastructure, financial technology and internet and digital media.

We leverage Blue Owl’s relationships and existing origination capabilities to focus our investments in companies with an enterprise value of at least $50 million and that are backed by venture capital firms or private equity firms that are active investors in and have an expertise in technology companies and technology-related industries. We expect that our target investments typically will range in size between $20 million and $500 million. Our expected portfolio composition will be majority debt or income producing securities, with a lesser allocation to equity related opportunities. We anticipate that generally any equity related securities we hold will be minority positions. We expect that our investment size will vary with the size of our capital base and we anticipate that our average investment size will be 1-2% of our entire portfolio with no investment size greater than 5%; however, from time to time certain of our investments may comprise greater than 5% of our portfolio.

We expect that generally our portfolio composition will be majority debt or income producing securities, which may include “covenant-lite” loans (as defined below), with a lesser allocation to equity or equity-linked opportunities, including publicly traded debt instruments. In addition, we may invest a portion of our portfolio in opportunistic investments and broadly syndicated loans, which will not be our primary focus, but will be intended to enhance returns to our shareholders and from time to time, we may evaluate and enter into strategic portfolio transactions which may result in additional portfolio companies which we are considered to control. These investments may include high-yield bonds and broadly-syndicated loans, including publicly traded debt instruments, which are typically originated and structured by banks on behalf of large corporate borrowers with employee counts, revenues, EBITDAs and enterprise values larger than those of middle-market companies, and equity investments in portfolio companies that make senior secured loans or invest in broadly syndicated loans or structured products, such as life settlements and royalty interests. In addition, we generally do not intend to invest more than 20% of our total assets in companies whose principal place of business is outside the United States, although we do not generally intend to invest in companies whose principal place of business is in an emerging market. Our portfolio composition may fluctuate from time to time based on market conditions and interest rates.

Covenants are contractual restrictions that lenders place on companies to limit the corporate actions a company may pursue. Generally, the loans in which we expect to invest will have financial maintenance covenants, which are used to proactively address materially adverse changes in a portfolio company’s financial performance. However, to a lesser extent, we may invest in “covenant-lite” loans. We use the term “covenant-lite” to refer generally to loans that do not have a complete set of financial maintenance covenants. Generally, “covenant-lite” loans provide borrower companies more freedom to negatively impact lenders because their covenants are incurrence-based, which means they are only tested and can only be breached following an affirmative action of the borrower, rather than by a deterioration in the borrower’s financial condition. Accordingly, to the extent we invest in “covenant-lite” loans, we may have fewer rights against a borrower and may have a greater risk of loss on such investments as compared to investments in or exposure to loans with financial maintenance covenants. We classify our debt investments as “traditional financing” or “growth capital” based on a number of factors.

Traditional financings are typically senior secured loans primarily in the form of first lien loans (including “unitranche” loans, which are loans that combine both senior and subordinated debt, generally in a first lien position) and second lien loans. In connection with our senior secured loans, we generally receive a security interest in certain of the assets of the borrower and consequently such assets serve as collateral in support of the repayment of such senior secured loans.

Growth capital investments are typically unsecured obligations of the borrower, and might be structured as unsecured indebtedness, convertible bonds, convertible equity, preferred equity, and common equity. We seek to limit the downside potential of our investments by negotiating covenants in connection with our investments consistent with preservation of our capital. Such restrictions may include affirmative covenants (including reporting requirements), negative covenants (including financial covenants), lien protection, change of control provisions and board rights, including either observation rights or rights to a seat on the board under some circumstances. Except for our specialty financing portfolio investments, our equity investments are typically not control-oriented investments and we may structure such equity investments to include provisions protecting our rights as a minority-interest holder.

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We target portfolio companies where we can structure larger transactions. As of September 30, 2024, our average investment size in each of our portfolio companies was approximately $43.8 million based on fair value. As of September 30, 2024, investments we classify as traditional financing, excluding the investment in Blue Owl Credit SLF LLC (“Credit SLF”) and certain investments that fall outside our typical borrower profile, represented 75.1% of our total portfolio based on fair value and these portfolio companies had weighted average annual revenue of $690 million, weighted average annual EBITDA of $201 million and weighted average enterprise value of $3.98 billion. As of September 30, 2024, investments we classify as growth capital represented 23.9% of our total portfolio based on fair value and these portfolio companies had weighted average annual revenue of $724 million and a weighted average enterprise value of $14.80 billion.

The companies in which we invest use our capital primarily to support their growth, acquisitions, market or product expansion, refinancings and/or recapitalizations. The debt in which we invest typically is not rated by any rating agency, but if these instruments were rated, they would likely receive a rating of below investment grade (that is, below BBB- or Baa3), which is often referred to as “high yield” or “junk”.

Key Components of Our Results of Operations

Investments

We focus primarily on originating and making debt and equity investments in technology-related (specifically software) companies based primarily in the United States.

Our level of investment activity (both the number of investments and the size of each investment) can and will vary substantially from period to period depending on many factors, including the amount of debt and equity capital available to middle-market companies, the level of merger and acquisition activity for such companies, the general economic environment and the competitive environment for the types of investments we make.

In addition, as part of our risk strategy on investments, we may reduce the levels of certain investments through partial sales or syndication to additional lenders.

Revenues

We generate revenues primarily in the form of interest income from the investments we hold. In addition, we may generate income from dividends on either direct equity investments or equity interests obtained in connection with originating loans, such as options, warrants or conversion rights. Our debt investments typically have a term of three to ten years. As of September 30, 2024, 95.9% of our debt investments based on fair value bear interest at a floating rate, subject to interest rate floors, in certain cases. Interest on our debt investments is generally payable either monthly or quarterly.

Our investment portfolio consists primarily of floating rate loans. Macro trends in base interest rates like the Secured Overnight Financing Rate (“SOFR”) and any other alternative reference rates may affect our net investment income over the long term. However, because we generally intend to originate loans to a small number of portfolio companies each quarter, and those investments may vary in size, our results in any given period, including the interest rate on investments that may be sold or repaid in a period compared to the interest rate of new investments made during that period, may be idiosyncratic, and reflect the characteristics of the particular portfolio companies that we invested in or exited during the period and not necessarily any trends in our business or macro trends. Generally, because our portfolio consists primarily of floating rate loans, we expect our earnings to benefit from a prolonged higher rate environment.

Loan origination fees, original issue discount and market discount or premium are capitalized, and we accrete or amortize such amounts under U.S. generally accepted accounting principles (“U.S. GAAP”) as interest income using the effective yield method for term instruments and the straight-line method for revolving or delayed draw instruments. Repayments of our debt investments can reduce interest income from period to period. The frequency or volume of these repayments may fluctuate significantly. We record prepayment premiums on loans as interest income. We may also generate revenue in the form of commitment, loan origination, structuring, or due diligence fees, fees for providing managerial assistance to our portfolio companies and possibly consulting fees. Certain of these fees may be capitalized and amortized as additional interest income over the life of the related loan.

Dividend income on equity investments is recorded on the record date for private portfolio companies or on the ex-dividend date for publicly traded companies.

Our portfolio activity will also reflect the proceeds from sales of investments. We will recognize realized gains or losses on investments based on the difference between the net proceeds from the disposition and the amortized cost basis of the investment without regard to unrealized gains or losses previously recognized. We record current period changes in fair value of investments that are measured at fair value as a component of the net change in unrealized gains (losses) on investments in the Consolidated Statements of Operations.

Expenses

Our primary operating expenses include the payment of the management fee, the incentive fee, expenses reimbursable under the Administration Agreement and Investment Advisory Agreement, legal and professional fees, interest and other debt expenses and

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other operating expenses. The management fee and incentive fee compensate our Adviser for work in identifying, evaluating, negotiating, closing, monitoring and realizing our investments.

Except as specifically provided below, we anticipate that all investment professionals and staff of the Adviser, when and to the extent engaged in providing investment advisory and management services to us, and the base compensation, bonus and benefits, and the routine overhead expenses, of such personnel allocable to such services, will be provided and paid for by the Adviser. In addition, the Adviser shall be solely responsible for any placement or “finder’s” fees payable to placement agents engaged by the Company or its affiliates in connection with the offering of securities by the Company. We will bear our allocable portion of the costs of the compensation, benefits and related administrative expenses (including travel expenses) of our officers who provide operational and administrative services hereunder, their respective staffs and other professionals who provide services to us (including, in each case, employees of the Adviser or an affiliate) who assist with the preparation, coordination, and administration of the foregoing or provide other “back office” or “middle office” financial or operational services to us. We shall reimburse the Adviser (or its affiliates) for an allocable portion of the compensation paid by the Adviser (or its affiliates) to such individuals (based on a percentage of time such individuals devote, on an estimated basis, to our business affairs and in acting on our behalf). We also will bear all other costs and expenses of our operations, administration and transactions, including, but not limited to (i) investment advisory fees, including Management Fees and Incentive Fees, to the Adviser, pursuant to the Investment Advisory Agreement; (ii) our allocable portion of overhead and other expenses incurred by the Adviser in performing its administrative obligations under the Investment Advisory Agreement and (iii) all other costs and expenses of our operations and transactions including, without limitation, those relating to:

•the cost of our organization and any offerings;

•the cost of calculating our net asset value, including the cost of any third-party valuation services;

•the cost of effecting any sales and repurchases of the common stock and other securities;

•fees and expenses payable under any dealer manager agreements, if any;

•debt service and other costs of borrowings or other financing arrangements;

•costs of hedging;

•expenses, including travel expense, incurred by the Adviser, or members of the investment team, or payable to third parties, performing due diligence on prospective portfolio companies and, if necessary, enforcing our rights;

•escrow agent, transfer agent and custodial fees and expenses;

•fees and expenses associated with marketing efforts;

•federal and state registration fees, any stock exchange listing fees and fees payable to rating agencies;

•federal, state and local taxes;

•independent directors’ fees and expenses, including certain travel expenses;

•costs of preparing financial statements and maintaining books and records and filing reports or other documents with the SEC (or other regulatory bodies) and other reporting and compliance costs, including registration fees, listing fees and licenses, and the compensation of professionals responsible for the preparation of the foregoing;

•the costs of any reports, proxy statements or other notices to our shareholders (including printing and mailing costs);

•the costs of any shareholder or director meetings and the compensation of personnel responsible for the preparation of the foregoing and related matters;

•commissions and other compensation payable to brokers or dealers;

•research and market data;

•fidelity bond, directors and officers errors and omissions liability insurance and other insurance premiums;

•direct costs and expenses of administration, including printing, mailing, long distance telephone and staff;

•fees and expenses associated with independent audits, outside legal and consulting costs;

•costs of winding up;

•costs incurred in connection with the formation or maintenance of entities or vehicles to hold our assets for tax or other purposes;

•extraordinary expenses (such as litigation or indemnification); and

•costs associated with reporting and compliance obligations under the 1940 Act and applicable federal and state securities laws.

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We expect, but cannot ensure, that our general and administrative expenses will increase in dollar terms during periods of asset growth, but will decline as a percentage of total assets during such periods.

Leverage

The amount of leverage we use in any period depends on a variety of factors, including cash available for investing, the cost of financing and general economic and market conditions. On August 7, 2018, we received shareholder approval that allowed us to reduce our asset coverage ratio from 200% to 150%, effective as of August 8, 2018. As a result, we are permitted, under specified conditions, to issue multiple classes of indebtedness and one class of stock senior to the common stock if our asset coverage, as defined in the 1940 Act, would at least be equal to 150% immediately after each such issuance. This reduced asset coverage ratio permits us to double the amount of leverage we can incur. For example, under a 150% asset coverage ratio we may borrow $2 for investment purposes of every $1 of investor equity whereas under a 200% asset coverage ratio we may only borrow $1 for investment purposes for every $1 of investor equity. Our current target leverage ratio is 0.90x-1.25x.

In any period, our interest expense will depend largely on the extent of our borrowing and we expect interest expense will increase as we increase our leverage over time subject to the limits of the 1940 Act. In addition, we may dedicate assets to financing facilities.

Market Trends

We believe the technology investment lending environment provides opportunities for us to meet our goal of making investments that generate an attractive total return based on a combination of the following factors.

Limited Availability of Capital for Technology Companies Specifically Enterprise Software. We believe that technology companies have limited access to capital, driven by a lack of dedicated pools of capital focused on technology companies and a reduction in activity from commercial and investment banks as a result of regulatory and structural factors, industry consolidation and general risk aversion. Traditional lenders, such as commercial and investment banks, generally do not have flexible product offerings that meet the needs of technology-related companies. In recent years, many commercial and investment banks have focused their efforts and resources on lending to large corporate clients and managing capital markets transactions rather than lending to technology-related companies. In addition, these lenders may be constrained in their ability to underwrite and hold loans and high yield securities, as well as their ability to provide equity financing, as they seek to meet existing and future regulatory capital requirements. We also believe that there is a lack of scaled market participants that are willing to provide and hold meaningful amounts of a customized financing solution for technology companies. As a result, we believe our focus on technology-related companies and our ability to invest across the capital structure, coupled with a limited supply of capital providers, presents an attractive opportunity to invest in technology companies.

Capital Markets Have Been Unable to Fill the Void Left by Banks. Access to underwritten bond and syndicated loan markets is challenging for many technology companies due to loan size and liquidity. For example, high yield bonds are generally purchased by institutional investors such as mutual funds and exchange traded funds (“ETFs”) who, among other things, are highly focused on the liquidity characteristics of the bond being issued in order to fund investor redemptions and/or comply with regulatory requirements. Accordingly, the existence of an active secondary market for bonds is an important consideration in these entities’ initial investment decision. Syndicated loans arranged through a bank are done either on a “best efforts” basis or are underwritten with terms plus provisions that permit the underwriters to change certain terms, including pricing, structure, yield and tenor, otherwise known as “flex”, to successfully syndicate the loan, in the event the terms initially marketed are insufficiently attractive to investors. Loans provided by companies such as ours provide certainty to issuers in that we can commit to a given amount of debt on specific terms, at stated coupons and with agreed upon fees. As we are the ultimate holder of the loans, we do not require market “flex” or other arrangements that banks may require when acting on an agency basis. In addition, our Adviser has teams focused on both liquid credit and private credit and these teams are able to collaborate with respect to syndicated loans.

Secular Trends Supporting Growth for Private Credit. According to Gartner, a research and advisory company, global technology spend was $4.7 trillion in 2023 and is expected to grow to more than $5.1 trillion in 2024. We believe global demand for technology products and services will continue to grow rapidly, and that growth will stimulate demand for capital from technology companies which will continue to require access to capital to refinance existing debt, support growth and finance acquisitions. We believe that periods of market volatility, such as the current period of market volatility caused, in part, by elevated inflation and interest rates, and current geopolitical conditions, have accentuated the advantages of private credit. The availability of capital in the liquid credit market is highly sensitive to market conditions whereas we believe private lending has proven to be a stable and reliable source of capital through periods of volatility. We believe the opportunity set for private credit will continue to expand even as the public markets remain open. Financial sponsors and companies today are familiar with direct lending and have seen firsthand the strong value proposition that a private solution can offer. Scale, certainty of execution and flexibility all provide borrowers with a compelling alternative to the syndicated and high yield markets. Based on our experience, there is an emerging trend where higher quality credits that have traditionally been issuers in the syndicated and high yield markets are increasingly seeking private solutions independent of credit market conditions. In our view, this is supported by financial sponsors wanting to work with collaborative financing partners that have scale and breadth of capabilities. We believe the large amount of uninvested capital held by funds of private equity firms, estimated by Preqin Ltd., an alternative assets industry data and research company, to be $2.7 trillion as of December 31, 2023, coupled with a growing focus on technology investing by private equity sponsors, will continue to drive deal

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activity. We expect that technology companies, private equity sponsors, venture capital firms, and entrepreneurs will continue to seek partners to provide flexible financing for their businesses with debt and equity investments provided by companies such as us.

Attractive Investment Dynamics. An imbalance between the supply of, and demand for, capital creates attractive pricing dynamics. With respect to the debt investments in technology companies, we believe the directly negotiated nature of such financings generally provides more favorable terms to the lender, including stronger covenant and reporting packages, better call protection, and lender protective change of control provisions. Further, we believe that historical default rates for technology and software companies have been lower, and recovery rates have been higher, as compared to the broader leveraged finance market, leading to lower cumulative losses. With respect to equity and equity-linked investments, we will seek to structure these investments with meaningful shareholder protections, including, but not limited to, anti-dilution, anti-layering, and liquidation preferences, which we believe will create the potential for meaningful risk-adjusted long-term capital gains in connection with the future liquidity events of these technology companies. Lastly, we believe that in the current environment, lenders with available capital may be able to take advantage of attractive investment opportunities and may be able to achieve improved economic spreads and documentation terms.

Compelling Business Models. We believe that the products and services that enterprise software provide often have high switching costs and are fundamental to the operations and success of their customers. We generally invest in dominant or growing players in niche markets that are selling products to established customer bases. As a result, enterprise software have attributes that make them compelling investments, including strong customer retention rates, and highly recurring and predictable revenue. Further, enterprise software are typically highly capital efficient, with limited capital expenditures and high free cash flow conversion. In addition, the replicable nature of technology products creates substantial operating leverage which typically results in strong profitability.

We believe that enterprise software businesses make compelling investments because they are inherently diversified into a variety of sectors due to end market applications and have been one of the more defensive sectors throughout economic cycles.

Attractive Opportunities in Investments in Technology Companies. We invest in the debt and equity of technology companies. We believe that opportunities in the debt of technology companies are significant because of the floating rate structure of most senior secured debt issuances and because of the strong defensive characteristics of these types of investments. We believe that debt issued with floating interest rates offer a superior return profile as compared with fixed-rate investments, since floating rate structures are generally less susceptible to declines in value experienced by fixed-rate securities in an elevated inflation and interest rates environment. Senior secured debt also provides strong defensive characteristics. Senior secured debt has priority in payment among an issuer’s security holders whereby holders are due to receive payment before junior creditors and equity holders. Further, these investments are generally secured by the issuer’s assets, which may provide protection in the event of a default.

We believe that opportunities in the equity of technology companies are significant because of the potential to generate meaningful capital appreciation by participating in the growth in the portfolio company and the demand for its products and services. Moreover, we believe that the high-growth profile of a technology company will generally make it a more attractive candidate for a liquidity event than a company in a non-high growth industry. We believe the technology investment lending environment provides opportunities for us to meet our goal of making investments that generate an attractive total return based on a combination of the foregoing factors.

Portfolio and Investment Activity

As of September 30, 2024, based on fair value, our portfolio consisted of 69.7% first lien senior secured debt investments (of which 69% we consider to be unitranche debt investments (including “last out” portions of such loans)), 5.0% second lien senior secured debt investments, 5.3% unsecured debt investments, 10.8% preferred equity investments and 9.2% common equity investments.

As of September 30, 2024, our weighted average total yield of the portfolio at fair value and amortized cost was 10.0% and 9.9%, respectively, and our weighted average yield of accruing debt and income producing securities at fair value and amortized cost was 11.4% and 11.4%, respectively(1). As of September 30, 2024, the weighted average spread of total debt investments was 6.2%.

As of September 30, 2024, we had investments in 146 portfolio companies with an aggregate fair value of $6.40 billion. As of September 30, 2024, we had net leverage of 0.78x debt-to-equity.

In the current lending environment, public loan markets have remained active while merger and acquisition activity remains below historical levels; however, our platform continues to find attractive investment opportunities for deployment, predominantly in first lien originations. In addition, a large portion of our originations across the platform this quarter were deployed into existing borrowers as part of add-on transactions.

The credit quality of our portfolio has been consistent. We continue to focus on investing in industries we view as recession resistant and that we are familiar with, including service-oriented sectors such as software and healthcare, all of which serve diversified and durable end markets. Blue Owl serves as the administrative agent on many of our investments and the majority of our investments are supported by sophisticated financial sponsors who provide operational and financial resources. Our borrowers that we classify as traditional financing, which exclude certain investments that fall outside of our typical borrower profile, have a weighted average EBITDA of $201 million and we believe this scale contributes to the durability of our borrowers and their ability to adapt to different economic environments. In addition, Blue Owl continues to invest in, and is often the lead lender or administrative agent on,

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transactions in excess of $1 billion in size, which gives us the ability to structure the terms of such deals to maximize deal economics and credit protection.

Many of the companies in which we invest are continuing to see modest growth in both revenues and EBITDA. However, in the event of further geopolitical, economic and financial market instability, in the U.S. and elsewhere, it is possible that the results of some of the middle-market companies similar to those in which we invest could be challenged. While we are not seeing signs of an overall, broad deterioration in our results or those of our portfolio companies at this time, there can be no assurance that the performance of certain of our portfolio companies will not be negatively impacted by economic conditions, which could have a negative impact on our future results.

We also continue to invest in Credit SLF and specialty financing portfolio companies, including Fifth Season Investments LLC (“Fifth Season”), LSI Financing DAC 1 (“LSI Financing”), and AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC and AAM Series 2.1 Aviation Feeder, LLC (collectively, “Amergin AssetCo”) and in the future may invest through additional specialty finance portfolio companies, joint ventures, partnerships or other special purpose vehicles. These companies may use our capital to support acquisitions which could continue to lead to increased dividend income across well-diversified underlying portfolios. See “Specialty Financing Portfolio Companies.”

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(1)Refer to footnote (1) of our weighted average yields and interest rates table for more information on our calculation of weighted average yields.

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The table below presents our investment activity for the following periods (information presented herein is at par value unless otherwise indicated):

	For the Three Months Ended September 30,
($ in thousands)	2024			2023
New investment commitments
Gross originations	$	630,789		$	307,650
Less: Sell downs	—			(8,726)
Total new investment commitments	$	630,789		$	298,924
Principal amount of investments funded:
First-lien senior secured debt investments	$	571,381		$	259,350
Second-lien senior secured debt investments	—			—
Unsecured debt investments	—			—
Preferred equity investments	17,237			—
Common equity investments	103,202			3,435
Joint ventures	2,188			—
Total principal amount of investments funded	$	694,008		$	262,785
Principal amount of investments sold or repaid:
First-lien senior secured debt investments	$	(325,500)		$	(255,543)
Second-lien senior secured debt investments	(17,647)			(94,842)
Unsecured debt investments	—			—
Preferred equity investments	(99,895)			(5,363)
Common equity investments	(35,741)			(28,255)
Total principal amount of investments sold or repaid	$	(478,783)		$	(384,003)
Number of new investment commitments in new portfolio companies(1)	16			8
Average new investment commitment amount	$	60,552		$	34,194
Weighted average term for new debt investment commitments (in years)	6.0			5.8
Percentage of new debt investment commitments at floating rates	99.5		%	99.3		%
Percentage of new debt investment commitments at fixed rates	0.5		%	0.7		%
Weighted average interest rate of new debt investment commitments(2)	9.7		%	11.9		%
Weighted average spread over applicable base rate of new floating rate debt investment commitments	5.0		%	6.5		%

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(1)Number of new investment commitments represents commitments to a particular portfolio company.

(2)Assumes each floating rate commitment is subject to the greater of the interest rate floor (if applicable) or 3-month SOFR, which was 4.59% and 5.40% as of September 30, 2024 and September 30, 2023, respectively.

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The table below presents our investments as of the following periods:

	September 30, 2024					December 31, 2023
($ in thousands)	Amortized Cost		Fair Value			Amortized Cost		Fair Value
First-lien senior secured debt investments	$	4,442,986	$	4,453,641	(1)	$	3,987,458	$	3,983,668	(1)
Second-lien senior secured debt investments	340,991		321,133			460,037		454,090
Unsecured debt investments	334,929		339,634			436,423		427,862
Preferred equity investments(2)	765,814		692,369			905,784		861,779
Common equity investments(3)	533,698		587,884			423,524		404,623
Joint ventures(4)	2,189		2,187			—		—
Total Investments	$	6,420,607	$	6,396,848		$	6,213,226	$	6,132,022

________________

(1)69% and 74% of which we consider unitranche loans as of September 30, 2024 and December 31, 2023, respectively.

(2)Includes equity investment in LSI Financing.

(3)Includes equity investment in Fifth Season.

(4)Includes equity investment in Credit SLF.

We use GICS for classifying the industry groupings of our portfolio companies. The table below presents investments by industry composition based on fair value as of the following periods:

	September 30, 2024		December 31, 2023
Aerospace & Defense	2.2	%	2.2	%
Application Software	14.0		14.0
Banks	1.2		1.2
Building Products	0.9		0.9
Buildings & Real Estate	1.1		—
Capital Markets	—		0.5
Commercial Services & Supplies	0.3		—
Construction & Engineering(4)	—		—
Consumer Finance	0.5		0.3
Diversified Consumer Services	3.9		5.1
Diversified Financial Services	6.8		6.2
Electrical Equipment	—		0.8
Energy Equipment & Services	1.9		2.0
Entertainment	1.9		—
Equity Real Estate Investment Trusts (REITs)	0.1		—
Food & Staples Retailing	0.4		0.4
Health Care Providers & Services	1.0		1.1
Health Care Technology	16.0		14.4
Hotels, Restaurants & Leisure	1.9		2.6
Household Durables	1.3		1.3
Industrial Conglomerates	1.4		1.4
Insurance(1)	2.2		1.6
Internet & Direct Marketing Retail	4.3		3.8
IT Services	3.7		5.1
Joint Ventures(3)(4)	—		—
Life Sciences Tools & Services	0.1		0.1
Media	0.9		—
Multiline Retail	0.1		—
Pharmaceuticals(2)	1.1		0.4
Professional Services	5.9		7.7
Real Estate Management & Development	0.8		0.9
Road & Rail	0.2		0.2
Systems Software	23.9		24.7

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Thrifts & Mortgage Finance(4)	—		1.1
Total	100.0	%	100.0	%

__________________

(1)Includes investment in Fifth Season.

(2)Includes investment in LSI Financing.

(3)Includes equity investment in Credit SLF. See below, within Note 4, for more information regarding Credit SLF.

(4)Rounds to less than 0.1% as of September 30, 2024.

We classify the industries of our portfolio companies by end-market (such as health care technology) and not by the product or services (such as software) directed to those end-markets.

The table below presents investments by geographic composition based on fair value as of the following periods:

	September 30, 2024		December 31, 2023
United States:
Midwest	20.6	%	19.7	%
Northeast	14.9		16.0
South	20.8		17.1
West	27.8		31.5
Brazil	0.6		0.6
Canada	4.1		4.3
Estonia	0.2		0.2
Guernsey	1.4		3.7
Ireland	0.3		0.2
Israel	2.3		2.5
Netherlands	0.5		1.0
Norway	0.4		—
Spain	0.3		—
Sweden	0.5		—
United Kingdom	5.3		3.2
Total	100.0	%	100.0	%

The table below presents the weighted average yields and interest rates of our investments at fair value as of the following periods:

	September 30, 2024		December 31, 2023
Weighted average total yield of portfolio(1)	10.0	%	10.6	%
Weighted average total yield of debt and income producing securities(1)	11.4	%	12.5	%
Weighted average interest rate of debt securities	10.9	%	11.8	%
Weighted average spread over base rate of all floating rate debt investments	6.2	%	6.7	%

__________________

(1)For non-stated rate income producing investments, computed based on (a) the dividend or interest income earned for the respective trailing twelve months ended on the measurement date, divided by (b) the ending fair value. In instances where historical dividend or interest income data is not available or not representative for the trailing twelve months ended, the dividend or interest income is annualized.

The weighted average yield of our debt and income producing securities is not the same as a return on investment for our shareholders but, rather, relates to a portion of our investment portfolio and is calculated before the payment of all of our and our subsidiaries’ fees and expenses. The weighted average yield was computed using the effective interest rates as of each respective date, including accretion of original issue discount and loan origination fees, but excluding investments on non-accrual status, if any. There can be no assurance that the weighted average yield will remain at its current level.

Our Adviser monitors our portfolio companies on an ongoing basis. It monitors the financial trends of each portfolio company to determine if they are meeting their respective business plans and to assess the appropriate course of action with respect to

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each portfolio company. Our Adviser has several methods of evaluating and monitoring the performance and fair value of our investments, which may include the following:

•assessment of success of the portfolio company in adhering to its business plan and compliance with covenants;

•periodic and regular contact with portfolio company management and, if appropriate, the financial or strategic sponsor, to discuss financial position, requirements and accomplishments;

•comparisons to other companies in the portfolio company’s industry; and

•review of monthly or quarterly financial statements and financial projections for portfolio companies.

An investment will be placed on the Adviser's credit watch list when select events occur and will only be removed from the watch list with oversight of the Technology Lending Investment Committee and/or other Blue Owl agent. Once an investment is on the credit watch list, the Adviser works with the borrower to resolve any financial stress through amendments, waivers or other alternatives. If a borrower defaults on its payment obligations, the Adviser's focus shifts to capital recovery. If an investment needs to be restructured, the Adviser's workout team partners with the investment team and all material amendments, waivers and restructurings require the approval of a majority of the Technology Lending Investment Committee.

As part of the monitoring process, our Adviser employs an investment rating system to categorize our investments. In addition to various risk management and monitoring tools, our Adviser rates the credit risk of all investments on a scale of 1 to 5. This system is intended primarily to reflect the underlying risk of a portfolio investment relative to our initial cost basis in respect of such portfolio investment (i.e., at the time of origination or acquisition), although it may also take into account the performance of the portfolio company’s business, the collateral coverage of the investment and other relevant factors.

The rating system is as follows:

Investment Rating	Description
1	Investments with a rating of 1 involve the least amount of risk to our initial cost basis. The borrower is performing above expectations, and the trends and risk factors for this investment since origination or acquisition are generally favorable;
2	Investments rated 2 involve an acceptable level of risk that is similar to the risk at the time of origination or acquisition. The borrower is generally performing as expected and the risk factors are neutral to favorable. All investments or acquired investments in new portfolio companies are initially assessed a rate of 2;
3	Investments rated 3 involve a borrower performing below expectations and indicates that the loan’s risk has increased somewhat since origination or acquisition;
4	Investments rated 4 involve a borrower performing materially below expectations and indicates that the loan’s risk has increased materially since origination or acquisition. In addition to the borrower being generally out of compliance with debt covenants, loan payments may be past due (but generally not more than 120 days past due); and
5	Investments rated 5 involve a borrower performing substantially below expectations and indicates that the loan’s risk has increased substantially since origination or acquisition. Most or all of the debt covenants are out of compliance and payments are substantially delinquent. Loans rated 5 are not anticipated to be repaid in full and we will reduce the fair value of the loan to the amount we anticipate will be recovered.

Our Adviser rates the investments in our portfolio at least quarterly and it is possible that the rating of a portfolio investment may be reduced or increased over time. For investments rated 3, 4 or 5, our Adviser enhances its level of scrutiny over the monitoring of such portfolio company.

The Adviser has built out its portfolio management team to include workout experts who closely monitor our portfolio companies and who, on at least a quarterly basis, assess each portfolio company’s operational and liquidity exposure and outlook to understand and mitigate risks; and, on at least a monthly basis, evaluates existing and newly identified situations where operating results are deviating from expectations. As part of its monitoring process, the Adviser focuses on projected liquidity needs and where warranted, re-underwriting credits and evaluating downside and liquidation scenarios.

The Adviser focuses on downside protection by leveraging existing rights available under our credit documents; however, for investments that are significantly underperforming or which may need to be restructured, the Adviser's workout team partners with the investment team and all material amendments, waivers and restructurings require the approval of a majority of the Technology Lending Investment Committee. As of September 30, 2024, one of our portfolio companies is on non-accrual. Our average annual gain/(loss) ratio is 0.19%.

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The table below presents the composition of our portfolio on the 1 to 5 rating scale as of the following periods:

	September 30, 2024				December 31, 2023
Investment Rating	Investments at Fair Value		Percentage of Total Portfolio		Investments at Fair Value		Percentage of Total Portfolio
($ in thousands)
1	$	495,996	7.8	%	$	676,834	11.0	%
2	5,246,566		82.0		4,816,346		78.6
3	645,684		10.1		623,850		10.2
4	—		—		—		—
5	8,602		0.1		14,992		0.2
Total	$	6,396,848	100.0	%	$	6,132,022	100.0	%

The table below presents the amortized cost of our performing and non-accrual debt investments as of the following periods:

	September 30, 2024				December 31, 2023
($ in thousands)	Amortized Cost		Percentage		Amortized Cost		Percentage
Performing	$	5,102,429	99.7	%	$	4,870,032	99.7	%
Non-accrual	16,477		0.3		13,886		0.3
Total	$	5,118,906	100.0	%	$	4,883,918	100.0	%

Loans are generally placed on non-accrual status when there is reasonable doubt that principal or interest will be collected in full. Accrued interest is generally reversed when a loan is placed on non-accrual status. Interest payments received on non-accrual loans may be recognized as income or applied to principal depending upon management’s judgment regarding collectability. Non-accrual loans are restored to accrual status when past due principal and interest is paid current and, in management’s judgment, are likely to remain current. Management may make exceptions to this treatment and determine to not place a loan on non-accrual status if the loan has sufficient collateral value and is in the process of collection.

Specialty Financing Portfolio Companies

Amergin

Amergin was created to invest in a leasing platform focused on railcar, aviation and other long-lived transportation assets. Amergin acquires existing on-lease portfolios of new and end-of-life railcars and related equipment and selectively purchases off-lease assets and is building a commercial aircraft portfolio through aircraft financing and engine acquisition on a sale and lease back basis. Amergin consists of Amergin AssetCo and Amergin Asset Management LLC, which has entered into a Servicing Agreement with Amergin AssetCo. We made an initial equity commitment to Amergin AssetCo on July 1, 2022. As of September 30, 2024, our commitment to Amergin AssetCo was increased to $12.7 million, of which $8.9 million is equity and $3.8 million is debt. Our investment in Amergin is a co-investment made with our affiliates in accordance with the terms of the exemptive relief that we received from the SEC. We do not consolidate our equity interest in Amergin AssetCo.

Fifth Season Investments LLC

Fifth Season is a portfolio company created to invest in life insurance based assets, including secondary and tertiary life settlement and other life insurance exposures using detailed analytics, internal life expectancy review and sophisticated portfolio management techniques. On July 18, 2022, we made an initial equity investment in Fifth Season. As of September 30, 2024 our equity investment in Fifth Season was $75.2 million at fair value. Our investment in Fifth Season is a co-investment with our affiliates in accordance with the terms of the exemptive relief that we received from the SEC. We do not consolidate our equity interest in Fifth Season.

LSI Financing 1 DAC

LSI Financing is a portfolio company formed to acquire contractual rights to revenue pursuant to earnout agreements generally in the life sciences space. On December 14, 2022, we made an initial investment in LSI Financing. As of September 30, 2024 our investment in LSI Financing was $11.9 million at fair value. Our investment in LSI Financing is a co-investment with our affiliates in accordance with the terms of the exemptive relief that we received from the SEC. We do not consolidate our equity interest in LSI Financing.

Joint Venture - Blue Owl Credit SLF LLC

On May 6, 2024 Blue Owl Credit SLF LLC (“Credit SLF”), a Delaware limited liability company, was formed as a joint venture between us, Blue Owl Capital Corporation, Blue Owl Capital Corporation II, Blue Owl Capital Corporation III, Blue Owl

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Credit Income Corp., Blue Owl Technology Finance Corp. II, Blue Owl Technology Income Corp., and State Teachers Retirement System of Ohio (“OSTRS”) (each, a “Credit SLF Member” and collectively, the “Credit SLF Members”). The Credit SLF Members co-manage Credit SLF. Credit SLF’s principal purpose is to make investments in senior secured loans to middle-market companies, broadly syndicated loans and senior and subordinated notes issued by collateralized loan obligations. Credit SLF is managed by a board consisting of an equal number of representatives appointed by each Credit SLF Member and which acts unanimously. Investment decisions must be approved by Credit SLF’s board. Our investment in Credit SLF is a co-investment made with its affiliates in accordance with the terms of the exemptive relief that it received from the SEC. We do not consolidate our non-controlling interest in Credit SLF.

Refer to Exhibit 99.1 for the Credit SLF's Supplemental Financial Information.

Results of Operations

The below table represents the operating results for the following periods:

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
($ in millions)	2024		2023		2024		2023
Total Investment Income	$	170.9	$	173.0	$	517.3	$	505.7
Less: Expenses	75.8		73.4		222.1		230.8
Net Investment Income (Loss) Before Taxes	$	95.1	$	99.6	$	295.2	$	274.9
Less: Income taxes, including excise taxes	2.8		2.6		8.6		9.0
Net Investment Income (Loss) After Taxes	$	92.3	$	97.0	$	286.6	$	265.9
Net change in unrealized gain (loss)	109.7		(63.7)		38.5		(6.4)
Net realized gain (loss)	(82.4)		23.5		(106.7)		8.0
Net Increase (Decrease) in Net Assets Resulting from Operations	$	119.6	$	56.8	$	218.4	$	267.5

Net increase (decrease) in net assets resulting from operations can vary from period to period as a result of various factors, including the level of new investment commitments, expenses, the recognition of realized gains and losses and changes in unrealized appreciation and depreciation on the investment portfolio. For the three months ended September 30, 2024, our net asset value per share increased, primarily driven by unrealized appreciation in our portfolio. For the nine months ended September 30, 2024, our net asset value per share decreased, primarily driven by realized losses in our portfolio.

Investment Income

The below table presents investment income for the following periods:

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
($ in millions)	2024		2023		2024		2023
Interest income from investments	$	131.8	$	138.8	$	391.9	$	388.4
PIK interest income	25.5		23.4		84.6		85.3
Dividend income	12.8		9.8		35.7		28.4
Other income	0.8		1.0		5.1		3.6
Total investment income	$	170.9	$	173.0	$	517.3	$	505.7

We generate revenues primarily in the form of interest income from the investments we hold. In addition, we may generate income from dividends on either direct equity investments or equity interests obtained in connection with originating loans, such as options, warrants or conversion rights.

For the Three Months Ended September 30, 2024 and 2023

Investment income was $170.9 million for the three months ended September 30, 2024, relatively consistent with $173.0 million for the three months ended September 30, 2023. Included in interest income are other fees such as prepayment fees and accelerated amortization of upfront fees from unscheduled paydowns. Income generated from these fees increased from $2.8 million to $3.6 million for the three months ended September 30, 2023 and 2024, respectively. For the three months ended September 30, 2023, there were one-time prepayment fees of $0.6 million. For the three months ended September 30, 2024, there were no one-time prepayment fees. Other income, which is comprised of fees that are generally available to us as a result of closing investments and paid at the time of closing, remained relatively flat period-over-period. PIK interest income as a percentage of total investment income

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increased from 13.5% for the three months ended September 30, 2023 to 14.9% for the three months ended September 30, 2024, primarily driven by an increase in PIK interest earning investments in our portfolio. PIK dividend income as a percentage of total investment income increased to 6.1% for the three months ended September 30, 2024 from 5.1% for the three months ended September 30, 2023. We expect that investment income will vary based on a variety of factors including the pace of our originations and repayments.

For the Nine Months Ended September 30, 2024 and 2023

Investment income increased to $517.3 million for the nine months ended September 30, 2024 from $505.7 million for the nine months ended September 30, 2023 primarily due to an increase in dividends received from certain of our equity investments. Included in interest income are other fees such as prepayment fees and accelerated amortization of upfront fees from unscheduled paydowns. Income generated from these fees increased from $5.1 million to $13.1 million for the nine months ended September 30, 2023 and 2024, respectively. For the nine months ended September 30, 2023 and 2024, there were one-time prepayment fees of approximately $1.1 million and $0.7 million, respectively. Payment-in-kind income was approximately 22.1% of investment income for the nine months ended September 30, 2023, consistent with approximately 22.1% of investment income for the nine months ended September 30, 2024. Other income increased period-over-period due to an increase in incremental fee income, which are fees that are generally available to us as a result of closing investments and generally paid at the time of closing. We expect that investment income will vary based on a variety of factors including the pace of our originations and repayments.

Expenses

The table below presents our expenses for the following periods:

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
($ in millions)	2024		2023		2024		2023
Interest expense	$	48.3	$	49.7	$	146.0	$	146.4
Management fees	14.1		14.6		42.0		44.1
Incentive fees	10.3		6.2		24.3		29.7
Professional fees	1.7		2.4		5.0		6.6
Directors' fees	0.3		0.3		0.8		0.8
Other general and administrative	1.1		0.2		4.0		3.2
Total operating expenses	$	75.8	$	73.4	$	222.1	$	230.8

Under the terms of the Administration Agreement, we reimburse the Adviser for services performed for us. In addition, pursuant to the terms of the Administration Agreement, the Adviser may delegate its obligations under the Administration Agreement to an affiliate or to a third party and we reimburse the Adviser for any services performed for us by such affiliate or third party.

For the Three Months Ended September 30, 2024 and 2023

Total expenses increased to $75.8 million for the three months ended September 30, 2024 from $73.4 million for the three months ended September 30, 2023 primarily due to increases in incentive fees, partially offset by a decrease in management fees and interest expense. The decrease in interest expense was primarily due to a decrease in the average interest rate to 6.2% from 6.3% period over period and a decrease in average daily borrowings to $2.93 billion from $2.94 billion. The increase in incentive fees was driven by reversals of previously recorded capital gains incentive fees recognized during the prior period. As a percentage of total assets, management fees, professional fees, directors’ fees and other general and administrative expenses remained relatively consistent period over period.

For the Nine Months Ended September 30, 2024 and 2023

Total expenses decreased to $222.1 million for the nine months ended September 30, 2024 from $230.8 million for the nine months ended September 30, 2023 primarily due to decreases in interest expense, management fees and incentive fees. The decrease in interest expense was mainly driven by a decrease in average daily borrowings to $2.96 billion from $3.06 billion, partially offset by an increase in the average interest rate to 6.2% from 6.1% period over period. The decrease in incentive fees was driven by reversals of previously recorded capital gains incentive fees recognized during the period. As a percentage of total assets, professional fees, directors’ fees and other general and administrative expenses remained relatively consistent period over period.

Income Taxes, Including Excise Taxes

We have elected to be treated as a RIC under Subchapter M of the Code, and we intend to operate in a manner so as to continue to qualify for the tax treatment applicable to RICs. To qualify for tax treatment as a RIC, we must, among other things, distribute to our shareholders in each taxable year generally at least 90% of our investment company taxable income, as defined by the Code, and net tax-exempt income for that taxable year. In addition, a RIC may, in certain cases, satisfy this distribution requirement by

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distributing dividends relating to a taxable year after the close of such taxable year under the “spillover dividend” provisions of subchapter M. As of September 30, 2024 we have generated undistributed taxable earnings “spillover” of $1.36 per share.To maintain our tax treatment as a RIC, we, among other things, intend to make the requisite distributions to our shareholders, which generally relieves us from U.S. federal income taxes at corporate rates.

Depending on the level of taxable income earned in a tax year, we can be expected to carry forward taxable income (including net capital gains, if any) in excess of current year dividend distributions from the current tax year into the next tax year and pay a nondeductible 4% U.S. federal excise tax on such taxable income, as required. To the extent that we determine that our estimated current year annual taxable income will be in excess of estimated current year dividend distributions from such income, we will accrue excise tax on estimated excess taxable income.

For the three and nine months ended September 30, 2024, we accrued U.S. federal excise tax of $2.8 million and $8.6 million, respectively. For the three and nine months ended September 30, 2023 we accrued U.S. federal excise tax of $2.6 million and $9.0 million, respectively.

Net Change in Unrealized Gains (Losses)

We fair value our portfolio investments quarterly and any changes in fair value are recorded as unrealized gains or losses. During the following periods, net change in unrealized gains (losses) were:

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
($ in millions)	2024		2023		2024		2023
Net change in unrealized gain (loss) on investments	$	108.8	$	(63.3)	$	37.8	$	(6.2)
Net change in unrealized gain (loss) on translation of assets and liabilities in foreign currencies	0.9		(0.5)		0.8		(0.2)
Net change in unrealized gain (loss)	$	109.7	$	(63.8)	$	38.6	$	(6.4)

For the Three Months Ended September 30, 2024 and 2023

For the three months ended September 30, 2024, the net unrealized gain was primarily driven by an increase in the fair value of our investments as compared to June 30, 2024 and a reversal of a prior period unrealized loss that was realized during the period in connection with the restructuring of a debt investment. As of September 30, 2024, the fair value of our debt investments as a percentage of principal was 99.2%, as compared to 97.6% as of June 30, 2024. The ten largest contributors to the change in net unrealized gain (loss) on investments during the following period consisted of the following:

Portfolio Company	Net Change in Unrealized Gain (Loss) For the Three Months Ended September 30, 2024
($ in millions)
Pluralsight, LLC	$	89.0
Revolut Ribbit Holdings, LLC	37.9
Toast, Inc.	(36.1)
Klaviyo, Inc.	12.6
Signifyd Inc.	9.3
Split Software, Inc.	9.0
Peraton Corp.	(5.6)
Walker Edison Furniture Company LLC	(4.6)
Arctic Wolf Networks, Inc.	3.5
Bayshore Intermediate #2, L.P. (dba Boomi)	2.4
Remaining Companies	(8.6)
Total	$	108.8

For the three months ended September 30, 2023, the net unrealized loss was primarily driven by a decrease in the fair value of our investments as compared to June 30, 2023. As of September 30, 2023, the fair value of our debt investments as a percentage of principal was 98.6%, as compared to 98.6% as of June 30, 2023. The primary drivers of our portfolio's unrealized losses were decreases in the fair value of certain equity investments and reversals of prior period unrealized gains that were realized during the

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period. The ten largest contributors to the change in net unrealized gain (loss) on investments during the following period consisted of the following:

Portfolio Company	Net Change in Unrealized Gain (Loss) For the Three Months Ended September 30, 2023
($ in millions)
Remitly Global, Inc	$	(17.8)
Circle Internet Services, Inc.	(10.6)
Toast, Inc.	(10.5)
Exabeam, Inc.	(7.0)
Saturn Ultimate, Inc.	(6.5)
Hyland Software, Inc.	4.0
Cornerstone OnDemand, Inc.	(3.1)
Pluralsight, LLC	(3.0)
SLA Eclipse Co-Invest, L.P.	(3.0)
Linked Store Cayman Ltd. (dba Nuvemshop)	(2.9)
Remaining Companies	(2.9)
Total	$	(63.3)

For the Nine Months Ended September 30, 2024 and 2023

For the nine months ended September 30, 2024, the net unrealized gain was primarily driven by an increase in the fair value of our investments as compared to December 31, 2023. The primary drivers of our portfolio’s unrealized gains were increases in the fair value of certain debt and equity investments and reversals of prior period unrealized losses that were realized during the period. The ten largest contributors to the change in net unrealized gain (loss) on investments during the period consisted of the following:

Portfolio Company	Net Change in Unrealized Gain (Loss) For the Nine Months Ended September 30, 2024
($ in millions)
Revolut Ribbit Holdings, LLC	$	39.9
Robinhood Markets, Inc.	33.6
Circle Internet Services, Inc.	(11.7)
Klaviyo, Inc.	10.9
Space Exploration Technologies Corp.	10.1
Toast, Inc.	(9.7)
Walker Edison Furniture Company LLC	(9.0)
Algolia, Inc.	(7.6)
Split Software, Inc.	7.5
Exabeam, Inc.	(6.5)
Remaining Companies	(19.7)
Total	$	37.8

For the nine months ended September 30, 2023, the net unrealized loss was primarily driven by a decrease in the fair value of our investments as compared to December 31, 2022. As of September 30, 2023, the fair value of our debt investments as a percentage of principal was 98.6%, as compared to 97.9% as of December 31, 2022. The primary drivers of our portfolio's unrealized losses were decreases in the fair value of certain equity investments and reversals of prior period unrealized gains that were realized during the period, partially offset by reversals of prior period unrealized losses that were realized during the period and the impact of credit

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spreads tightening across the broader market as compared to December 31, 2022. The ten largest contributors to the change in net unrealized gain (loss) on investments during the period consisted of the following:

Portfolio Company	Net Change in Unrealized Gain (Loss) For the Nine Months Ended September 30, 2023
($ in millions)
Circle Internet Services, Inc.	$	(21.6)
Walker Edison Furniture Company LLC	13.1
Starboard Value Acquisition Corp. (dba Cyxtera Technologies, Inc.)	12.1
Remitly Global, Inc	(11.7)
Toast, Inc.	7.3
Muine Gall, LLC	6.5
JumpCloud, Inc.	(5.8)
Cornerstone OnDemand, Inc.	(5.8)
Hyland Software, Inc.	5.2
Signifyd Inc.	(4.9)
Remaining Companies	(0.6)
Total	$	(6.2)

Net Realized Gains (Losses)

The table below presents the realized gains and losses on fully exited portfolio companies, partially exited portfolio companies and foreign currency transactions during the following periods:

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
($ in millions)	2024		2023		2024		2023
Net realized gain (loss) on investments	$	(82.8)	$	23.5	$	(105.3)	$	8.0
Net realized gain (loss) on foreign currency transactions	0.4		—		(1.4)		(0.1)
Net realized gain (loss)	$	(82.4)	$	23.5	$	(106.7)	$	8.0

Realized Gross Internal Rate of Return

Since we began investing in 2018 through September 30, 2024, our exited investments have resulted in an aggregate cash flow realized gross internal rate of return to us of approximately 10.4% (based on total capital invested of $4.00 billion and total proceeds from these exited investments of $4.84 billion).

IRR, is a measure of our discounted cash flows (inflows and outflows). Specifically, IRR is the discount rate at which the net present value of all cash flows is equal to zero. That is, IRR is the discount rate at which the present value of total capital invested in each of our investments is equal to the present value of all realized returns from that investment. Our IRR calculations are unaudited.

Capital invested, with respect to an investment, represents the aggregate cost basis allocable to the realized or unrealized portion of the investment, net of any upfront fees paid at closing for the term loan portion of the investment.

Realized returns, with respect to an investment, represents the total cash received with respect to each investment, including all amortization payments, interest, dividends, prepayment fees, upfront fees (except upfront fees paid at closing for the term loan portion of an investment), administrative fees, agent fees, amendment fees, accrued interest, and other fees and proceeds.

Gross IRR, with respect to an investment, is calculated based on the dates that we invested capital and dates we received distributions, regardless of when we made distributions to our shareholders. Initial investments are assumed to occur at time zero.

Gross IRR reflects historical results relating to our past performance and is not necessarily indicative of our future results. In addition, gross IRR does not reflect the effect of management fees, expenses, incentive fees or taxes borne, or to be borne, by us or our shareholders, and would be lower if it did.

Aggregate cash flow realized gross IRR on our exited investments reflects only invested and realized cash amounts as described above, and does not reflect any unrealized gains or losses in our portfolio.

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Financial Condition, Liquidity and Capital Resources

Our liquidity and capital resources are generated primarily from cash flows from interest, dividends and fees earned from our investments and principal repayments, our credit facilities, and other secured and unsecured debt. The primary uses of our cash are (i) investments in portfolio companies and other investments and to comply with certain portfolio diversification requirements, (ii) the cost of operations (including paying or reimbursing our Adviser) and (iii) cash distributions to the holders of our shares.

We may from time to time enter into additional credit facilities, increase the size of our existing credit facilities, enter into additional debt securitization transactions or issue additional debt securities. Additional financings could include SPV drop down facilities and unsecured notes. Any such incurrence or issuance would be subject to prevailing market conditions, our liquidity requirements, contractual and regulatory restrictions and other factors. In accordance with the 1940 Act, with certain limited exceptions, we are only allowed to incur borrowings, issue debt securities or issue preferred stock, if immediately after the borrowing or issuance, the ratio of total assets (less total liabilities other than indebtedness) to total indebtedness plus preferred stock, is at least 150%. In addition, from time to time, we may seek to retire, repurchase, or exchange debt securities in open market purchases or by other means, including privately negotiated transactions, in each case dependent on market conditions, liquidity, contractual obligations, and other matters. The amounts involved in any such transactions, individually or in the aggregate, may be material. As of September 30, 2024 and December 31, 2023, our asset coverage ratio was 218% and 217%, respectively. We seek to carefully consider our unfunded commitments for the purpose of planning our ongoing financial leverage. Further, we maintain sufficient borrowing capacity within the 150% asset coverage limitation to cover any outstanding unfunded commitments we are required to fund. Our current target ratio is 0.90x to 1.25x.

As of September 30, 2024, cash, taken together with our available debt capacity of $763.5 million, is expected to be sufficient for our investing activities and to conduct our operations in the near term. Our long-term cash needs will include principal payments on outstanding indebtedness and funding of additional portfolio investments. Funding for long-term cash needs will come from unused net proceeds from financing activities. We believe that our liquidity and sources of capital are adequate to satisfy our short and long-term cash requirements. We cannot, however, be certain that these sources of funds will be available at a time and upon terms acceptable to us in sufficient amounts in the future.

As of September 30, 2024, we had $186.5 million in cash and restricted cash. During the nine months ended September 30, 2024, $97.6 million in cash was used in operating activities, primarily as a result of funding portfolio investments of $1,430.0 million, offset by sell downs and repayments of $1,235.7 million and other operating activity of $96.7 million. Lastly, cash provided by financing activities was $185.0 million during the period, which was the result of proceeds from borrowings on our credit facilities of $156.8 million, net of repayments and debt issuance costs of $167.7 million and $0.7 million, respectively, and distributions paid of $173.3 million.

Equity

Subscriptions and Drawdowns

In connection with our formation, we have the authority to issue 500,000,000 common shares at $0.01 per share par value.

Prior to August 1, 2021, we entered into subscription agreements (the “Subscription Agreements”) with investors providing for the private placement of our common shares. Under the terms of the Subscription Agreements, investors were required to fund drawdowns to purchase our common shares up to the amount of their respective Capital Commitment on an as-needed basis each time we delivered a drawdown notice to our investors. As of November 5, 2021, all Capital Commitments had been drawn.

Distributions

The tables below present the distributions declared on shares of the Company’s common stock during the following periods:

	For the Nine Months Ended September 30, 2024
Date Declared	Record Date	Payment Date	Distribution per Share
August 6, 2024	September 30, 2024	November 15, 2024	$	0.36
May 7, 2024	June 28, 2024	August 15, 2024	$	0.40
February 21, 2024(1)	March 29, 2024	May 15, 2024	$	0.37

________________

(1)Partially paid from sources other than ordinary income, including long-term capital gains.

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	For the Nine Months Ended September 30, 2023
Date Declared	Record Date	Payment Date	Distribution per Share
August 8, 2023	September 29, 2023	November 15, 2023	$	0.37
May 9, 2023	June 30, 2023	August 15, 2023	$	0.37
February 21, 2023(1)	March 31, 2023	May 15, 2023	$	0.34

________________

(1)Partially paid from sources other than ordinary income, including long-term capital gains.

Dividend Reinvestment

With respect to distributions, we adopted an “opt out” dividend reinvestment plan for common shareholders. As a result, in the event of a declared distribution, each shareholder that has not “opted out” of the dividend reinvestment plan will have their dividends or distributions automatically reinvested in additional shares of our common stock rather than receiving cash distributions.

Shareholders who receive distributions in the form of shares of common stock will be subject to the same U.S. federal, state and local tax consequences as if they received cash distributions.

The tables below present the common stock issued pursuant to the dividend reinvestment plan during the following periods:

	For the Nine Months Ended September 30, 2024
Date Declared	Record Date	Payment Date	Shares
May 7, 2024	June 28, 2024	August 15, 2024	1,323,864
February 21, 2024	March 29, 2024	May 15, 2024	1,190,189
November 7, 2023	December 29, 2023	January 31, 2024	1,212,560

	For the Nine Months Ended September 30, 2023
Date Declared	Record Date	Payment Date	Shares
May 9, 2023	June 30, 2023	August 15, 2023	1,169,242
February 21, 2023	March 31, 2023	May 15, 2023	1,082,573
November 1, 2022	December 31, 2022	January 31, 2023	912,215

Debt

Aggregate Borrowings

The tables below present debt obligations as of the following periods:

	September 30, 2024
($ in thousands)	Aggregate Principal Committed		Outstanding Principal		Amount Available(1)		Unamortized Debt Issuance Costs		Net Carrying Value
Revolving Credit Facility(2)	$	1,115,000	$	351,472	$	763,528	$	13,696	$	337,778
SPV Asset Facility I	600,000		600,000		—		5,037		594,963
SPV Asset Facility II	300,000		300,000		—		1,258		298,742
June 2025 Notes	210,000		210,000		—		928		209,072
December 2025 Notes	650,000		650,000		—		(1,888)		651,888
June 2026 Notes	375,000		375,000		—		2,599		372,401
January 2027 Notes	300,000		300,000		—		3,520		296,480
CLO 2020-1	204,000		204,000		—		4,117		199,883
Total Debt	$	3,754,000	$	2,990,472	$	763,528	$	29,267	$	2,961,207

________________

(1)The amount available reflects any limitations related to each credit facility’s borrowing base.

(2)Net carrying value includes the unrealized translation gain (loss) on borrowings denominated in foreign currencies.

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	December 31, 2023
($ in thousands)	Aggregate Principal Committed		Outstanding Principal		Amount Available(1)		Unamortized Debt Issuance Costs		Net Carrying Value
Revolving Credit Facility(2)	$	1,090,000	$	343,393	$	746,607	$	16,127	$	327,266
SPV Asset Facility I	600,000		600,000		—		5,547		594,453
SPV Asset Facility II	300,000		300,000		—		1,897		298,103
June 2025 Notes	210,000		210,000		—		1,825		208,175
December 2025 Notes	650,000		650,000		—		(3,042)		653,042
June 2026 Notes	375,000		375,000		—		3,684		371,316
January 2027 Notes	300,000		300,000		—		4,636		295,364
CLO 2020-1	204,000		204,000		—		4,390		199,610
Total Debt	$	3,729,000	$	2,982,393	$	746,607	$	35,064	$	2,947,329

________________

(1)The amount available reflects any limitations related to each credit facility’s borrowing base.

(2)Includes the unrealized translation gain (loss) on borrowings denominated in foreign currencies.

The table below presents the components of interest expense for the following periods:

	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
($ in thousands)	2024			2023			2024			2023
Interest expense	$	46,170		$	46,510		$	139,456		$	139,099
Amortization of debt issuance costs	2,108			3,147			6,528			7,349
Total Interest Expense	$	48,278		$	49,657		$	145,984		$	146,448
Average interest rate	6.2		%	6.3		%	6.2		%	6.1		%
Average daily borrowings	$	2,931,667		$	2,937,811		$	2,956,886		$	3,057,860

Senior Securities

The table below presents information about our senior securities as of the following periods:

Class and Period	Total Amount Outstanding Exclusive of Treasury Securities(1) ($ in millions)		Asset Coverage per Unit(2)		Involuntary Liquidating Preference per Unit(3)	Average Market Value per Unit(4)
Revolving Credit Facility
September 30, 2024 (Unaudited)	$	351.5	$	2,190.6	—	N/A
December 31, 2023	$	343.4	$	2,165.0	—	N/A
December 31, 2022	$	705.9	$	2,057.3	—	N/A
December 31, 2021	$	650.8	$	2,309.9	—	N/A
December 31, 2020	$	68.3	$	1,905.6	—	N/A
December 31, 2019	$	185.0	$	1,934.6	—	N/A
Subscription Credit Facility(5)
December 31, 2021	$	—	$	2,309.9	—	N/A
December 31, 2020	$	105.8	$	1,905.6	—	N/A
December 31, 2019	$	645.7	$	1,934.6	—	N/A
December 31, 2018	$	300.0	$	1,954.6	—	N/A
SPV Asset Facility I
September 30, 2024 (Unaudited)	$	600.0	$	2,190.6	—	N/A
December 31, 2023	$	600.0	$	2,165.0	—	N/A
December 31, 2022	$	450.0	$	2,057.3	—	N/A
December 31, 2021	$	290.0	$	2,309.9	—	N/A

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Class and Period	Total Amount Outstanding Exclusive of Treasury Securities(1) ($ in millions)		Asset Coverage per Unit(2)		Involuntary Liquidating Preference per Unit(3)	Average Market Value per Unit(4)
December 31, 2020	$	290.0	$	1,905.6	—	N/A
SPV Asset Facility II
September 30, 2024 (Unaudited)	$	300.0	$	2,190.6	—	N/A
December 31, 2023	$	300.0	$	2,165.0	—	N/A
December 31, 2022	$	300.0	$	2,057.3	—	N/A
December 31, 2021	$	—	$	2,309.9	—	N/A
June 2025 Notes
September 30, 2024 (Unaudited)	$	210.0	$	2,190.6	—	N/A
December 31, 2023	$	210.0	$	2,165.0	—	N/A
December 31, 2022	$	210.0	$	2,057.3	—	N/A
December 31, 2021	$	210.0	$	2,309.9	—	N/A
December 31, 2020	$	210.0	$	1,905.6	—	N/A
December 2025 Notes
September 30, 2024 (Unaudited)	$	650.0	$	2,190.6	—	N/A
December 31, 2023	$	650.0	$	2,165.0	—	N/A
December 31, 2022	$	650.0	$	2,057.3	—	N/A
December 31, 2021	$	650.0	$	2,309.9	—	N/A
December 31, 2020	$	400.0	$	1,905.6	—	N/A
June 2026 Notes
September 30, 2024 (Unaudited)	$	375.0	$	2,190.6	—	N/A
December 31, 2023	$	375.0	$	2,165.0	—	N/A
December 31, 2022	$	375.0	$	2,057.3	—	N/A
December 31, 2021	$	375.0	$	2,309.9	—	N/A
December 31, 2020	$	375.0	$	1,905.6	—	N/A
January 2027 Notes
September 30, 2024 (Unaudited)	$	300.0	$	2,190.6	—	N/A
December 31, 2023	$	300.0	$	2,165.0	—	N/A
December 31, 2022	$	300.0	$	2,057.3	—	N/A
December 31, 2021	$	300.0	$	2,309.9	—	N/A
CLO 2020-1
September 30, 2024 (Unaudited)	$	204.0	$	2,190.6	—	N/A
December 31, 2023	$	204.0	$	2,165.0	—	N/A
December 31, 2022	$	200.0	$	2,057.3	—	N/A
December 31, 2021	$	200.0	$	2,309.9	—	N/A
December 31, 2020	$	200.0	$	1,905.6	—	N/A

________________

(1)Total amount of each class of senior securities outstanding at the end of the period presented.

(2)Asset coverage per unit is the ratio of the carrying value of our total assets, less all liabilities excluding indebtedness represented by senior securities in this table, to the aggregate amount of senior securities representing indebtedness. Asset coverage per unit is expressed in terms of dollar amounts per $1,000 of indebtedness and is calculated on a consolidated basis.

(3)The amount to which such class of senior security would be entitled upon our involuntary liquidation in preference to any security junior to it. The “—” in this column indicates information that the SEC expressly does not require to be disclosed for certain types of senior securities.

(4)Not applicable because the senior securities are not registered for public trading.

(5)Facility was terminated in 2021.

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Credit Facilities

Subscription Credit Facility

On November 19, 2018, we entered into a revolving credit facility (as amended, the “Subscription Credit Facility”) with Wells Fargo Bank, National Association (“Wells Fargo”) as administrative agent (the “Administrative Agent”) and letter of credit issuer, and the banks of financial institutions from time to time party thereto, as lenders.

The Subscription Credit Facility permitted us to borrow up to $700 million, subject to availability under the “Borrowing Base.” The Borrowing Base was calculated based on the unused Capital Commitments of the investors meeting various eligibility requirements above certain concentration limits. Effective November 5, 2021, the outstanding balance on the Subscription Credit Facility was paid in full and the facility was terminated pursuant to its terms.

Borrowings under the Subscription Credit Facility bore interest, at our election at the time of drawdown, at a rate per annum equal to (i) in the case of LIBOR rate loans, an adjusted LIBOR rate for the applicable interest period plus 1.50% or (ii) in the case of reference rate loans, the greatest of (A) a prime rate plus 0.50%, (B) the federal funds rate plus 1.00%, and (C) one-month LIBOR plus 1.50%. We generally borrowed utilizing LIBOR rate loans, generally electing one-month LIBOR upon borrowing. Loans were able to be converted from one rate to another at any time at our election, subject to certain conditions. We also will paid an unused commitment fee of 0.25% per annum on the unused commitments.

Revolving Credit Facility

On November 15, 2022, we entered into an Amended and Restated Senior Secured Revolving Credit Agreement (the “Revolving Credit Facility”), which amended and restated in its entirety that certain Senior Secured Revolving Credit Agreement, dated as of March 15, 2019 (as amended, restated, supplemented or otherwise modified prior to November 15, 2022). The parties to the Revolving Credit Facility include us, as Borrower, the lenders from time to time parties thereto (each a “Lender” and collectively, the “Lenders”), Truist Bank as Administrative Agent, Truist Securities, Inc., ING Capital LLC, MUFG Bank, Ltd., Sumitomo Mitsui Banking Corporation and JPMorgan Chase Bank, N.A., as Joint Lead Arrangers and Truist Securities, Inc. and ING Capital LLC, as Joint Bookrunners. On September 26, 2023 (the “Revolving Credit Facility First Amendment Date”), the parties to the Revolving Credit Facility entered into an amendment to, among other things, extend the availability period and maturity date for certain lenders, convert a portion of the existing revolver availability into term loan availability, reduce the credit adjustment spread for US dollar denominated term SOFR loans to 0.10% for all tenors and make various other changes. On June 13, 2024 (the “Revolving Credit Facility Second Amendment Date”), certain parties to the Revolving Credit Facility entered into an amendment to, among other things, replace the interest rate benchmark for loans denominated in Canadian Dollars from CDOR to CORRA, which includes a credit adjustment spread of 0.29547% for one-month tenor loans and 0.32138% for three-month tenor loans. The following describes the terms of the Revolving Credit Facility amended through the Revolving Credit Facility Second Amendment Date.

The Revolving Credit Facility is guaranteed by certain of our subsidiaries in existence on the Revolving Credit Facility Second Amendment Date, and will be guaranteed by certain of our subsidiaries that are formed or acquired by us in the future (collectively, the “Guarantors”). Proceeds of the Revolving Credit Facility may be used for general corporate purposes, including the funding of portfolio investments.

As of the Revolving Credit Facility Second Amendment Date, the Revolving Credit Facility provides for, on an aggregated basis, a total of outstanding term loans and revolving credit facility commitments in the principal amount of $1.12 billion, which is comprised of (a) a term loan in a principal amount of $75.0 million (which term loan amount was increased from $50.0 million to $75.0 million on February 29, 2024) and (b) subject to availability under the borrowing base, which is based on the Company’s portfolio investments and other outstanding indebtedness, a revolving credit facility in a principal amount of up to $1.04 billion (on an aggregated basis, the aggregate outstanding term loans and revolving credit facility commitments under the Revolving Credit Facility increased from $1.09 billion to $1.12 billion on February 29, 2024). The amount available for borrowing under the revolving credit facility commitments of the Revolving Credit Facility is reduced by any standby letters of credit issued through the Revolving Credit Facility. Maximum capacity under the Revolving Credit Facility may be increased to $1.64 billion through our exercise of an uncommitted accordion feature through which existing and new lenders may, at their option, agree to provide additional financing. The Revolving Credit Facility includes a $200.0 million limit for swingline loans, and is secured by a perfected first-priority interest in substantially all of the portfolio investments held by us and each Guarantor, subject to certain exceptions.

The availability period under the Revolving Credit Facility will terminate on September 24, 2027 (the “Revolving Credit Facility Commitment Termination Date”) and the Revolving Credit Facility will mature on September 26, 2028 (the “Revolving Credit Facility Maturity Date”). During the period from the Revolving Credit Facility Commitment Termination Date to the Revolving Credit Facility Maturity Date, we will be obligated to make mandatory prepayments under the Revolving Credit Facility out of the proceeds of certain asset sales and other recovery events and equity and debt issuances.

We may borrow amounts in U.S. dollars or certain other permitted currencies. Amounts drawn under the Revolving Credit Facility with respect to the commitments in U.S. dollars will bear interest at either (i) term SOFR plus any applicable credit adjustment spread plus margin of either 1.875% per annum or, if the gross borrowing base is greater than or equal to the product of 1.60 and the combined debt amount, 1.75% per annum, or (ii) the alternative base rate plus margin of either 0.875% per annum or, if the gross

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borrowing base is greater than or equal to the product of 1.60 and the combined debt amount, 0.75% per annum. With respect to loans denominated in U.S. dollars, the Company may elect either term SOFR or the alternative base rate at the time of drawdown, and such loans may be converted from one rate to another at any time at our option, subject to certain conditions. Amounts drawn under the Revolving Credit Facility with respect to the commitments in other permitted currencies will bear interest at the relevant rate specified therein (including any applicable credit adjustment spread) plus margin of either 1.875% per annum or, if the gross borrowing base is greater than or equal to the product of 1.60 and the combined debt amount, 1.75% per annum.

The Revolving Credit Facility includes customary covenants, including certain limitations on the incurrence of additional indebtedness and on our ability to make distributions to our shareholders, or redeem, repurchase or retire shares of stock, upon the occurrence of certain events and certain financial covenants related to asset coverage and liquidity and other maintenance covenants, as well as customary events of default. The Revolving Credit Facility requires a minimum asset coverage ratio with respect to the consolidated assets of ours and our subsidiaries to senior securities that constitute indebtedness of no less than 1.50 to 1.00 at any time.

SPV Asset Facilities

Certain of our wholly owned subsidiaries are parties to credit facilities (the “SPV Asset Facilities”). Pursuant to the SPV Asset Facilities, we sell and contribute certain investments to these wholly owned subsidiaries pursuant to sale and contribution agreements by and between us and the wholly owned subsidiaries. No gain or loss is recognized as a result of these contributions. Proceeds from the SPV Asset Facilities are used to finance the origination and acquisition of eligible assets by the wholly owned subsidiary, including the purchase of such assets from us. We retain a residual interest in assets contributed to or acquired to the wholly owned subsidiary through our ownership of the wholly owned subsidiary. The SPV Asset Facilities are secured by a perfected first priority security interest in the assets of these wholly owned subsidiaries and on any payments received by such wholly owned subsidiaries in respect of those assets. Assets pledged to lenders under the SPV Asset Facilities will not be available to pay our debts. The SPV Asset Facilities contain customary covenants, including certain limitations on the incurrence by us of additional indebtedness and on our ability to make distributions to our shareholders, or redeem, repurchase or retire shares of stock, upon the occurrence of certain events, and customary events of default (with customary cure and notice provisions).

SPV Asset Facility I

On December 22, 2022 (the “SPV Asset Facility I Closing Date”), OR Tech Financing I LLC (“OR Tech Financing I”), a Delaware limited liability company and our wholly-owned subsidiary entered into an Amended and Restated Credit Agreement (the “SPV Asset Facility I”), which amends and restates in its entirety that certain Credit Agreement, dated as of August 11, 2020, by and among OR Tech Financing I, as Borrower, Alter Domus (US) LLC, as Administrative Agent and Document Custodian, State Street Bank and Trust Company, as Collateral Agent, Collateral Administrator and Custodian and the lenders from time to time party thereto (the “SPV Asset Facility I Lenders”). On March 30, 2023, the parties to the SPV Asset Facility I entered into an amendment and the following describes the terms of SPV Asset Facility I as amended through such date.

From time to time, we expect to sell and contribute certain investments to OR Tech Financing I pursuant to a Sale and Contribution Agreement by and between us and OR Tech Financing I. No gain or loss will be recognized as a result of the contribution. Proceeds from the SPV Asset Facility I will be used to finance the origination and acquisition of eligible assets by OR Tech Financing I, including the purchase of such assets from us. We retain a residual interest in assets contributed to or acquired by OR Tech Financing I through our ownership of OR Tech Financing I. The total term loan commitment of the SPV Asset Facility I is $600 million (increased from $450 million on March 30, 2023). The availability of the commitments are subject to a ramp up period and subject to an overcollateralization ratio test, which is based on the value of OR Tech Financing I assets from time to time, and satisfaction of certain other tests and conditions, including an advance rate test, interest coverage ratio test, certain concentration limits and collateral quality tests.

The SPV Asset Facility I provides for the ability to draw term loans for a period of up to two years after the SPV Asset Facility I Closing Date unless the commitments are terminated as provided in the SPV Asset Facility I. Unless otherwise terminated, the SPV Asset Facility I will mature on December 22, 2033 (the “SPV Asset Facility I Stated Maturity”). Prior to the SPV Asset Facility I Stated Maturity, proceeds received by OR Tech Financing I from principal and interest, dividends, or fees on assets must be used to pay fees, expenses and interest on outstanding borrowings, and the excess may be returned to us, subject to certain conditions. On the SPV Asset Facility I Stated Maturity, OR Tech Financing I must pay in full all outstanding fees and expenses and all principal and interest on outstanding borrowings, and the excess may be returned to us.

Amounts drawn bear interest at term SOFR plus a spread of 3.31%. The SPV Asset Facility I contains customary covenants, limitations on the activities of OR Tech Financing I, including limitations on incurrence of incremental indebtedness, and customary events of default. The SPV Asset Facility I is secured by a perfected first priority security interest in the assets of OR Tech Financing I and on any payments received by OR Tech Financing I in respect of those assets. Assets pledged to the SPV Asset Facility I Lenders will not be available to pay our debts.

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SPV Asset Facility II

On November 16, 2021 (the “SPV Asset Facility II Closing Date”), ORTF Funding I LLC (“ORTF Funding ”), a Delaware limited liability company and our wholly-owned subsidiary entered into a Credit Agreement (the “SPV Asset Facility II”), with ORTF Funding I LLC, as Borrower, the lenders from time to time parties thereto, Goldman Sachs Bank USA as Sole Lead Arranger, Syndication Agent and Administrative Agent, State Street Bank and Trust Company as Collateral Administrator and Collateral Agent and Alter Domus (US) LLC as Collateral Custodian. On the SPV Asset Facility II Closing Date, ORTF Funding I and Goldman Sachs Bank USA, as Administrative Agent, also entered into a Margining Agreement relating to the Secured Credit Facility (the “Margining Agreement”). The following describes the terms of the SPV Asset Facility II as amended through June 23, 2023.

From time to time, we expect to sell and contribute certain investments to ORTF Funding I pursuant to a Sale and Contribution Agreement by and between us and ORTF Funding I. No gain or loss will be recognized as a result of the contribution. Proceeds from SPV Asset Facility II will be used to finance the origination and acquisition of eligible assets by ORTF Funding I, including the purchase of such assets from us. We retain a residual interest in assets contributed to or acquired by ORTF Funding I through our ownership of ORTF Funding I. The maximum principal amount which may be borrowed under SPV Asset Facility II is $300 million; the availability of this amount is subject to a borrowing base test, which is based on the value of ORTF Funding I’s assets from time to time, and satisfaction of certain conditions, including certain concentration limits.

The SPV Asset Facility II provides for the ability to draw and redraw revolving loans for a period of up to three years after the SPV Asset Facility II Closing Date. Unless otherwise terminated, the SPV Asset Facility II will mature on November 16, 2026 (the “SPV Asset Facility II State Maturity”). Prior to the SPV Asset Facility II Stated Maturity, proceeds received by ORTF Funding I from principal and interest, dividends, or fees on assets must be used to pay fees, expenses and interest on outstanding borrowings, and the excess may be returned to us, subject to certain conditions. On the SPV Asset Facility II Stated Maturity, ORTF Funding I must pay in full all outstanding fees and expenses and all principal and interest on outstanding borrowings, and the excess may be returned to us. The SPV Asset Facility II may be permanently reduced, in whole or in part, at the option of ORTF Funding I subject to payment of a premium for a period of time.

Amounts drawn bear interest at Term SOFR plus a spread of 2.625% and the spread is payable on the amount by which the undrawn amount exceeds a minimum threshold, initially zero and ramping to 75% of the commitment amount. The undrawn amount of the commitment not subject to such spread payment is subject to an undrawn fee of 0.50% per annum. Certain additional fees are payable on each payment date to Goldman Sachs Bank USA as Administrative Agent. In additional, under the Margining Agreement and Credit Agreement, ORTF Funding I is required to post cash margin (or in certain cases, additional eligible assets) to the Administrative Agent if a borrowing base deficiency occurs or if the weighted average price gap (as defined in the Margining Agreement), which is a measure of the excess of the aggregate value assigned to ORTF Funding I’s assets for purposes of the borrowing base test over the total amount drawn under the SPV Asset Facility II, falls below 20%.

Unsecured Notes

June 2025 Notes

On June 12, 2020, we issued $210 million aggregate principal amount of 6.75% notes due 2025 (the “June 2025 Notes”) in a private placement in reliance on Section 4(a)(2) of the Securities Act and for initial resale to qualified institutional buyers pursuant to the exemption from registration provided by Rule 144A promulgated under the Securities Act. The June 2025 Notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

The June 2025 Notes were issued pursuant to an Indenture dated as of June 12, 2020 (the “Base Indenture”), between us and Computershare Trust Company, N.A., as successor to Wells Fargo Bank, National Association, as trustee (the “Trustee”), and a First Supplemental Indenture, dated as of June 12, 2020 (the “First Supplemental Indenture” and together with the Base Indenture, the “June 2025 Indenture”), between us and the Trustee. The June 2025 Notes will mature on June 30, 2025 and may be redeemed in whole or in part at our option at any time or from time to time at the redemption prices set forth in the June 2025 Indenture. The June 2025 Notes initially bear interest at a rate of 6.75% per year payable semi-annually on June 30 and December 30 of each year, commencing on December 30, 2020. As described in the First Supplemental Indenture, if the June 2025 Notes cease to have an investment grade rating from Kroll Bond Rating Agency (or if Kroll Bond Rating Agency ceases to rate the June 2025 Notes or fails to make a rating of the June 2025 Notes publicly available for reasons outside of our control, a “nationally recognized statistical rating organization,” as defined in Section 3(a)(62) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) selected by us as a replacement agency for Kroll Bond Rating Agency) (an “Interest Rate Adjustment Event”), the interest rate on the June 2025 Notes will increase to 7.50% from the date of the Interest Rate Adjustment Event until the date on which the June 2025 Notes next again receive an investment grade rating. The June 2025 Notes are our direct, general unsecured obligations and rank senior in right of payment to all of our future indebtedness or other obligations that are expressly subordinated, or junior, in right of payment to the June 2025 Notes. The June 2025 Notes rank pari passu, or equal, in right of payment with all of our existing and future indebtedness or other obligations that are not so subordinated, or junior. The June 2025 Notes rank effectively subordinated, or junior, to any of our future secured indebtedness or other obligations. The June 2025 Notes rank structurally subordinated, or junior, to all existing and

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future indebtedness and other obligations (including trade payables) incurred by our subsidiaries, financing vehicles or similar facilities.

The June 2025 Indenture contains certain covenants, including covenants requiring us to (i) comply with the asset coverage requirements of the 1940 Act, whether or not it is subject to those requirements, and (ii) provide financial information to the holders of the June 2025 Notes and the Trustee if we are no longer subject to the reporting requirements under the Exchange Act. These covenants are subject to important limitations and exceptions that are described in the June 2025 Indenture.

In addition, if a change of control repurchase event, as defined in the June 2025 Indenture, occurs prior to maturity, holders of the June 2025 Notes will have the right, at their option, to require us to repurchase for cash some or all of the June 2025 Notes at a repurchase price equal to 100% of the aggregate principal amount of the June 2025 Notes being repurchased, plus accrued and unpaid interest to, but excluding, the repurchase date.

December 2025 Notes

On September 23, 2020, we issued $400 million aggregate principal amount of its 4.75% notes due 2025 (the “December 2025 Notes”) in a private placement in reliance on Section 4(a)(2) of the Securities Act, and for initial resale to qualified institutional buyers pursuant to the exemption from registration provided by Rule 144A promulgated under the Securities Act. On November 23, 2021, we issued an additional $250 million aggregate principal amount of the December 2025 Notes in a private placement in reliance on Section 4(a)(2) of the Securities Act, and for initial resale to qualified institutional buyers pursuant to the exemption from registration provided by Rule 144A promulgated under the Securities Act. The December 2025 Notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

The December 2025 Notes were issued pursuant to the Base Indenture and a Second Supplemental Indenture, dated as of September 23, 2020 (the “Second Supplemental Indenture” and together with the Base Indenture, the “December 2025 Indenture”), between us and the Trustee. The December 2025 Notes will mature on December 15, 2025 and may be redeemed in whole or in part at our option at any time or from time to time at the redemption prices set forth in the December 2025 Indenture. The December 2025 Notes bear interest at a rate of 4.75% per year payable semi-annually on June 15 and December 15 of each year, commencing on December 15, 2020. The December 2025 Notes are our direct, general unsecured obligations and rank senior in right of payment to all of our future indebtedness or other obligations that are expressly subordinated, or junior, in right of payment to the December 2025 Notes. The December 2025 Notes rank pari passu, or equal, in right of payment with all of our existing and future indebtedness or other obligations that are not so subordinated, or junior. The December 2025 Notes rank effectively subordinated, or junior, to any of our future secured indebtedness or other obligations (including unsecured indebtedness that we later secure) to the extent of the value of the assets securing such indebtedness. The December 2025 Notes rank structurally subordinated, or junior, to all existing and future indebtedness and other obligations (including trade payables) incurred by our subsidiaries, financing vehicles or similar facilities.

The Indenture contains certain covenants, including covenants requiring us to (i) comply with the asset coverage requirements of the 1940 Act, as amended, whether or not it is subject to those requirements, and (ii) provide financial information to the holders of the December 2025 Notes and the Trustee we no longer are subject to the reporting requirements under the Exchange Act, as amended. These covenants are subject to important limitations and exceptions that are described in the Indenture.

In addition, if a change of control repurchase event, as defined in the December 2025 Indenture, occurs prior to maturity, holders of the December 2025 Notes will have the right, at their option, to require us to repurchase for cash some or all of the December 2025 Notes at a repurchase price equal to 100% of the aggregate principal amount of the December 2025 Notes being repurchased, plus accrued and unpaid interest to, but excluding, the repurchase date.

June 2026 Notes

On December 17, 2020, we issued $375 million aggregate principal amount of 3.75% notes due 2026 (the “June 2026 Notes”) in a private placement in reliance on Section 4(a)(2) of the Securities Act, and for initial to qualified institutional buyers pursuant to the exemption from registration provided by Rule 144A promulgated under the Securities Act. The June 2026 Notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

The June 2026 Notes were issued pursuant to the Base Indenture and a Third Supplemental Indenture, dated as of December 17, 2020 (the “Third Supplemental Indenture” and together with the Base Indenture, the “June 2026 Indenture”), between us and the Trustee. The June 2026 Notes will mature on June 17, 2026 and may be redeemed in whole or in part at our option at any time or from time to time at the redemption prices set forth in the June 2026 Indenture. The June 2026 Notes bear interest at a rate of 3.75% per year payable semi-annually on June 17 and December 17 of each year, commencing on June 17, 2021. The June 2026 Notes are our direct, general unsecured obligations and rank senior in right of payment to all of our future indebtedness or other obligations that are expressly subordinated, or junior, in right of payment to the June 2026 Notes. The June 2026 Notes rank pari passu, or equal, in right of payment with all of our existing and future indebtedness or other obligations that are not so subordinated, or junior to the June 2026 Notes. The June 2026 Notes rank effectively subordinated, or junior, to any of our future secured indebtedness or other obligations (including unsecured indebtedness that we later secure) to the extent of the value of the assets securing such indebtedness. The June

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2026 Notes rank structurally subordinated, or junior, to all existing and future indebtedness and other obligations (including trade payables) incurred by our subsidiaries, financing vehicles or similar facilities.

The June 2026 Indenture contains certain covenants, including covenants requiring us to (i) comply with the asset coverage requirements of the 1940 Act whether or not it is subject to those requirements, and (ii) provide financial information to the holders of the June 2026 Notes and the Trustee if we are no longer subject to the reporting requirements under the Securities Exchange Act of 1934, as amended. These covenants are subject to important limitations and exceptions that are described in the Indenture.

In addition, if a change of control repurchase event, as defined in the June 2026 Indenture, occurs prior to maturity, holders of the June 2026 Notes will have the right, at their option, to require us to repurchase for cash some or all of the June 2026 Notes at a repurchase price equal to 100% of the aggregate principal amount of the June 2026 Notes being repurchased, plus accrued and unpaid interest to, but excluding, the repurchase date.

January 2027 Notes

On June 14, 2021, we issued $300 million aggregate principal amount of 2.50% notes due 2027 (the “January 2027 Notes”). The January 2027 Notes were issued pursuant to the Base Indenture and a Fourth Supplemental Indenture, dated as of December 17, 2020 (the “Fourth Supplemental Indenture” and together with the Base Indenture, the “January 2027 Indenture”), between us and the Trustee. The January 2027 Notes will mature on January 15, 2027 and may be redeemed in whole or in part at our option at any time or from time to time at the redemption prices set forth in the January 2027 Indenture. The January 2027 Notes bear interest at a rate of 2.50% per year, payable semi-annually on January 15 and July 15 of each year, commencing on January 15, 2022. The January 2027 Notes are our direct, general unsecured obligations and rank senior in right of payment to all of our future indebtedness or other obligations that are expressly subordinated, or junior, in right of payment to the January 2027 Notes. The January 2027 Notes rank pari passu, or equal, in right of payment with all of our existing and future indebtedness or other obligations that are not so subordinated, or junior to the January 2027 Notes. The January 2027 Notes rank effectively subordinated, or junior, to any of our future secured indebtedness or other obligations (including unsecured indebtedness that we later secure) to the extent of the value of the assets securing such indebtedness. The January 2027 Notes rank structurally subordinated, or junior, to all existing and future indebtedness and other obligations (including trade payables) incurred by our subsidiaries, financing vehicles or similar facilities.

The January 2027 Indenture contains certain covenants, including covenants requiring us to (i) comply with the asset coverage requirements of the 1940, whether or not it is subject to those requirements, and (ii) provide financial information to the holders of the January 2027 Notes and the Trustee if we are no longer subject to the reporting requirements under the Securities Exchange Act of 1934, as amended. These covenants are subject to important limitations and exceptions that are described in the Indenture.

In addition, if a change of control repurchase event, as defined in the January 2027 Indenture, occurs prior to maturity, holders of the January 2027 Notes will have the right, at their option, to require us to repurchase for cash some or all of the January 2027 Notes at a repurchase price equal to 100% of the aggregate principal amount of the January 2027 Notes being repurchased, plus accrued and unpaid interest to, but excluding, the repurchase date.

Debt Securitization Transactions

CLO 2020-1

On December 16, 2020 (the “CLO 2020-1 Closing Date”), we completed a $333.5 million term debt securitization transaction (the “CLO 2020-1 Transaction”), also known as a collateralized loan obligation transaction, which is a form of secured financing incurred by us. The secured notes and preferred shares issued in the CLO 2020-1 Transaction were issued by our consolidated subsidiaries Owl Rock Technology Financing 2020-1, an exempted company incorporated in the Cayman Islands with limited liability (the “CLO 2020-1 Issuer”), and Owl Rock Technology Financing 2020-1 LLC, a Delaware limited liability company (the “CLO 2020-1 Co-Issuer” and together with the CLO 2020-1 Issuer, the “CLO 2020-1 Issuers”) and were backed by a portfolio of collateral obligations consisting of middle-market loans, recurring revenue loans and participation interests in middle-market loans, recurring revenue loans as well as by other assets of the CLO 2020-1 Issuer.

CLO 2020-1 Transaction was executed by the issuance of the following classes of notes and preferred shares pursuant to an indenture and security agreement dated as of the Closing Date (the “CLO 2020-1 Indenture”), by and among the CLO 2020-1 Issuers and State Street Bank and Trust Company: $200 million of A (sf) Class A Notes, which, as of July 18, 2023, bore interest at term SOFR (plus a spread adjustment) plus 2.95% (the “CLO 2020-1 Secured Notes”). The CLO 2020-1 Secured Notes were secured by the middle-market loans, recurring revenue loans, participation interests in middle-market loans and recurring revenue loans and other assets of the Issuer. The CLO 2020-1 Secured Notes were scheduled to mature on the Payment Date (as defined in the CLO 2020-1 Indenture) in January, 2031. The CLO 2020-1 Secured Notes were offered by MUFG Securities Americas Inc., as initial purchaser, from time to time in individually negotiated transactions.

The CLO 2020-1 Secured Notes were redeemed in the CLO 2020-1 Refinancing, described below.

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Concurrently with the issuance of the CLO 2020-1 Secured Notes, the CLO 2020-1 Issuer issued approximately $133.5 million of subordinated securities in the form of 133,500 preferred shares at an issue price of U.S.$1,000 per share (the “CLO 2020-1 Preferred Shares”). The CLO 2020-1 Preferred Shares were issued by the CLO 2020-1 Issuer as part of its issued share capital and are not secured by the collateral securing the CLO 2020-1 Secured Notes. We purchased all of the CLO 2020-1 Preferred Shares. We acted as a retention holder in connection with the CLO 2020-1 Transaction for the purposes of satisfying certain U.S. and European Union regulations requiring sponsors of securitization transactions to retain exposure to the performance of the securitized assets and as such were required to retain a portion of the CLO 2020-1 Preferred Shares.

As part of the CLO 2020-1 Transaction, we entered into a loan sale agreement with the CLO 2020-1 Issuer dated as of the Closing Date, which provided for the sale and contribution of approximately $243.4 million par amount of middle-market loans and recurring revenue loans from us to the CLO 2020-1 Issuer on the Closing Date and for future sales from us to the CLO 2020-1 Issuer on an ongoing basis. No gain or loss was recognized as a result of these sales and contributions. Such loans constituted part of the initial portfolio of assets securing the CLO 2020-1 Secured Notes. We made customary representations, warranties, and covenants to the CLO 2020-1 Issuer under the loan sale agreement.

Through January 15, 2022, the net proceeds of the issuing of the CLO 2020-1 Secured Notes not used to purchase the initial portfolio of loans securing the CLO 2020-1 Secured Notes and a portion of the proceeds received by the CLO 2020-1 Issuer from the loans securing the CLO 2020-1 Secured Notes were able to be used by the CLO 2020-1 Issuer to purchase additional middle-market loans and recurring revenue loans under the direction of the Adviser, in its capacity as collateral manager for the CLO 2020-1 Issuer and in accordance with our investing strategy and ability to originate eligible middle-market loans and recurring revenue loans.

The CLO 2020-1 Secured Notes were the secured obligation of the CLO 2020-1 Issuers, and the CLO 2020-1 Indenture included customary covenants and events of default. The CLO 2020-1 Secured Notes were not registered under the Securities Act, or any state securities (e.g., “blue sky”) laws, and were not able to be offered or sold in the United States absent registration with the SEC or pursuant to an applicable exemption from such registration.

The Adviser served as collateral manager for the CLO 2020-1 Issuer under a collateral management agreement dated as of the Closing Date. The Adviser was entitled to receive fees for providing these services. The Adviser waived its right to receive such fees but may rescind such waiver at any time; provided, however, that if the Adviser rescinds such waiver, the management fee payable to the Adviser pursuant to the Investment Advisory Agreement, dated August 10, 2018, between the Adviser and us will be offset by the amount of the collateral management fee attributable to the CLO 2020-1 Issuers’ equity or notes owned by us.

CLO 2020-1 Refinancing

On August 23, 2023 (the “CLO 2020-1 Refinancing Date”), we completed a $337,500,000 term debt securitization refinancing (the “CLO 2020-1 Refinancing”), also known as a collateralized loan obligation refinancing, which is a form of secured financing incurred by us. The secured notes issued in the CLO 2020-1 Refinancing were issued by the our consolidated subsidiary Owl Rock Technology Financing 2020-1 LLC, a Delaware limited liability company (the “CLO 2020-1 Refinancing Issuer”) and are backed by a portfolio of collateral obligations consisting of middle-market loans and participation interests in middle-market loans as well as by other assets of the CLO 2020-1 Refinancing Issuer.

The CLO 2020-1 Refinancing was executed by the issuance of the following classes of notes pursuant to an indenture and security agreement dated as of the CLO 2020-1 Closing Date by and among the CLO 2020-1 Issuer, the CLO 2020-1 Refinancing Issuer, as co-issuer and State Street Bank and Trust Company as trustee, as supplemented by the First Supplemental Indenture dated as of July 18, 2023 by and among the CLO 2020-1 Issuer, as issuer, the CLO 2020-1 Refinancing Issuer, as co-issuer and the Trustee and the Second Supplemental Indenture dated as of the CLO 2020-1 Refinancing Date (the “CLO 2020-1 Refinancing Indenture”), by and among the CLO 2020-1 Refinancing Issuer and the Trustee: (i) $112,500,000 of AAA(sf) Class A-1R Notes, which bear interest at the Benchmark plus 3.05%, (ii) $23,500,000 of AAA(sf) Class A-2R Notes, which bear interest at 6.937%, (iii) $53,000,000 of A(sf) Class B-1R Notes, which bear interest at the Benchmark plus 4.64% and (iv) $15,000,000 of A(sf) Class B-2R Notes, which bear interest at 8.497%, (together, the “CLO 2020-1 Refinancing Secured Notes”). The CLO 2020-1 Refinancing Secured Notes are secured by the middle-market loans and other assets of the CLO 2020-1 Refinancing Issuer. The CLO 2020-1 Refinancing Secured Notes are scheduled to mature on the Payment Date (as defined in the CLO 2020-1 Refinancing Indenture) in October, 2035. The CLO 2020-1 Refinancing Secured Notes were privately placed by MUFG Securities Americas Inc. and Scotia Capital (USA) Inc. The proceeds from the CLO 2020-1 Refinancing were used to redeem in full the classes of notes issued on the CLO 2020-1 Closing Date and to pay expenses incurred in connection with the CLO 2020-1 Refinancing. On the CLO 2020-1 Refinancing Date, the CLO 2020-1 Issuer was merged with and into the CLO 2020-1 Refinancing Issuer, with the CLO 2020-1 Refinancing Issuer surviving the merger. The CLO 2020-1 Refinancing Issuer assumed by all operation of law all of the rights and obligations of the CLO 2020-1 Issuer, including the subordinated securities issued by the CLO 2020-1 Issuer on the CLO 2020-1 Closing Date.

On the CLO 2020-1 Closing Date, the CLO 2020-1 Issuer entered into a loan sale agreement with us, which provided for the sale and contribution of approximately $243.43 million par amount of middle-market loans from us to the CLO 2020-1 Issuer on the CLO 2020-1 Refinancing Date and for future sales from us to the CLO 2020-1 Issuer on an ongoing basis. As part of the CLO 2020-1 Refinancing, the CLO 2020-1 Refinancing Issuer, as the successor to the CLO 2020-1 Issuer, entered into an amended and restated loan sale agreement with us dated as of the CLO 2020-1 Refinancing Date, pursuant to which the CLO 2020-1 Refinancing Issuer

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assumed all ongoing obligations of the CLO 2020-1 Issuer under the original agreement and we sold and contributed approximately $83.93 million par amount middle-market loans to the CLO 2020-1 Refinancing Issuer on the CLO 2020-1 Refinancing Date and provides for future sales from us to the CLO 2020-1 Refinancing Issuer on an ongoing basis. Such loans constituted part of the portfolio of assets securing the CLO 2020-1 Refinancing Secured Notes. We made customary representations, warranties, and covenants to the Issuer under the loan sale agreement.

Through October 15, 2027, a portion of the proceeds received by the CLO 2020-1 Refinancing Issuer from the loans securing the CLO 2020-1 Refinancing Secured Notes may be used by the CLO 2020-1 Refinancing Issuer to purchase additional middle-market loans under the direction of the Adviser, in its capacity as collateral manager for the CLO 2020-1 Refinancing Issuer and in accordance with our investing strategy and ability to originate eligible middle-market loans.

The CLO 2020-1 Refinancing Secured Notes are the secured obligation of the CLO 2020-1 Refinancing Issuer, and the CLO 2020-1 Refinancing Indenture includes customary covenants and events of default. The CLO 2020-1 Refinancing Secured Notes have not been registered under the Securities Act, or any state securities (e.g., “blue sky”) laws, and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission or pursuant to an applicable exemption from such registration.

The Adviser serves as collateral manager for the CLO 2020-1 Refinancing Issuer under an amended and restated collateral management agreement dated as of the CLO 2020-1 Refinancing Date. The Adviser is entitled to receive fees for providing these services. The Adviser has waived its right to receive such fees but may rescind such waiver at any time.

Off-Balance Sheet Arrangements

Portfolio Company Commitments

From time to time, we may enter into commitments to fund investments. The table below presents our outstanding commitments to fund investments in current portfolio companies as of the following periods:

Portfolio Company	Investment	September 30, 2024		December 31, 2023
($ in thousands)
Activate Holdings (US) Corp. (dba Absolute Software)	First lien senior secured revolving loan	$	352	$	282
3ES Innovation Inc. (dba Aucerna)	First lien senior secured revolving loan	4,580		1,580
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC	LLC Interest	3,403		296
AAM Series 2.1 Aviation Feeder, LLC	LLC interest	2,288		17
Acquia Inc.	First lien senior secured revolving loan	7,074		5,989
Aerosmith Bidco Limited (dba Audiotonix)	First lien senior secured multi-draw term loan	12,475		—
Aerosmith Bidco Limited (dba Audiotonix)	First lien senior secured multi-draw term loan	27,119		—
Aerosmith Bidco Limited (dba Audiotonix)	First lien senior secured multi-currency revolving loan	16,416		—
AI Titan Parent, Inc. (dba Prometheus Group)	First lien senior secured delayed draw term loan	4,528		—
AI Titan Parent, Inc. (dba Prometheus Group)	First lien senior secured revolving loan	2,830		—
AlphaSense, Inc.	First lien senior secured delayed draw term loan	5,477		—
AlphaSense, Inc.	First lien senior secured delayed draw term loan	5,549		—
Anaplan, Inc.	First lien senior secured revolving loan	3,542		3,542
Aptean Acquiror, Inc. (dba Aptean)	First lien senior secured delayed draw term loan	372		—
Aptean Acquiror, Inc. (dba Aptean)	First lien senior secured revolving loan	273		—
Artifact Bidco, Inc. (dba Avetta)	First lien senior secured delayed draw term loan	3,912		—
Artifact Bidco, Inc. (dba Avetta)	First lien senior secured revolving loan	2,794		—
Associations, Inc.	First lien senior secured delayed draw term loan	3,847		—

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Portfolio Company	Investment	September 30, 2024	December 31, 2023
Associations, Inc.	First lien senior secured revolving loan	3,083	—
Azurite Intermediate Holdings, Inc. (dba Alteryx, Inc.)	First lien senior secured delayed draw term loan	10,688	—
Azurite Intermediate Holdings, Inc. (dba Alteryx, Inc.)	First lien senior secured revolving loan	4,750	—
Aurelia Netherlands Midco 2 B.V.	First lien senior secured EUR term loan	—	14,005
Aurelia Netherlands Midco 2 B.V.	First lien senior secured NOK term loan	—	14,656
Aurelia Netherlands Midco 2 B.V.	First lien senior secured EUR revolving loan	—	1,556
Avalara, Inc.	First lien senior secured revolving loan	909	909
Bamboo US BidCo LLC	First lien senior secured delayed draw term loan	398	716
Bamboo US BidCo LLC	First lien senior secured revolving loan	1,026	1,026
Bayshore Intermediate #2, L.P. (dba Boomi)	First lien senior secured revolving loan	11,694	9,355
BCPE Osprey Buyer, Inc. (dba PartsSource)	First lien senior secured delayed draw term loan	21,744	26,309
BCPE Osprey Buyer, Inc. (dba PartsSource)	First lien senior secured revolving loan	5,708	8,426
BCTO BSI Buyer, Inc. (dba Buildertrend)	First lien senior secured revolving loan	11,250	11,250
BTRS HOLDINGS INC. (dba Billtrust)	First lien senior secured delayed draw term loan	9	36
BTRS HOLDINGS INC. (dba Billtrust)	First lien senior secured revolving loan	56	67
Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.)	First lien senior secured revolving loan	4,450	4,450
Certinia, Inc.	First lien senior secured revolving loan	2,941	2,941
IRI Group Holdings, Inc. (f/k/a Circana Group, L.P. (f/k/a The NPD Group, L.P.))	First lien senior secured revolving loan	664	1,238
CivicPlus, LLC	First lien senior secured revolving loan	4,664	3,078
Community Brands ParentCo, LLC	First lien senior secured delayed draw term loan	—	1,500
Community Brands ParentCo, LLC	First lien senior secured revolving loan	—	750
Computer Services, Inc. (dba CSI)	First lien senior secured delayed draw term loan	9,196	—
Coupa Holdings, LLC	First lien senior secured delayed draw term loan	70	70
Coupa Holdings, LLC	First lien senior secured revolving loan	54	54
Crewline Buyer, Inc. (dba New Relic)	First lien senior secured revolving loan	9,434	9,434
CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant)	First lien senior secured delayed draw term loan	1,992	—
CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant)	First lien senior secured revolving loan	4,981	—
Delinea Buyer, Inc. (f/k/a Centrify)	First lien senior secured revolving loan	8,163	8,163
Diligent Corporation	First lien senior secured revolving loan	—	701
Disco Parent, Inc. (dba Duck Creek Technologies, Inc.)	First lien senior secured revolving loan	91	91
Entrata, Inc.	First lien senior secured revolving loan	103	103
EET Buyer, Inc. (dba e-Emphasys)	First lien senior secured delayed draw term loan	4,773	—
EET Buyer, Inc. (dba e-Emphasys)	First lien senior secured revolving loan	5,348	4,278
Finastra USA, Inc.	First lien senior secured revolving loan	4,014	5,498
Forescout Technologies, Inc.	First lien senior secured revolving loan	9,517	—
Forescout Technologies, Inc.	First lien senior secured delayed draw term loan	—	32,175

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Portfolio Company	Investment	September 30, 2024	December 31, 2023
Forescout Technologies, Inc.	First lien senior secured revolving loan	—	8,333
Fullsteam Operations, LLC	First lien senior secured delayed draw term loan	7,686	3,805
Fullsteam Operations, LLC	First lien senior secured revolving loan	593	593
Gainsight, Inc.	First lien senior secured revolving loan	2,700	2,700
Gerson Lehrman Group, Inc.	First lien senior secured revolving loan	956	3,647
GI Ranger Intermediate, LLC (dba Rectangle Health)	First lien senior secured revolving loan	2,211	885
Granicus, Inc.	First lien senior secured revolving loan	274	—
Granicus, Inc.	First lien senior secured revolving loan	—	2,069
Magnet Forensics, LLC (f/k/a Grayshift, LLC)	First lien senior secured revolving loan	968	968
GS Acquisitionco, Inc. (dba insightsoftware)	First lien senior secured delayed draw term loan	1,921	—
GS Acquisitionco, Inc. (dba insightsoftware)	First lien senior secured revolving loan	4,177	3,344
H&F Opportunities LUX III S.À R.L (dba Checkmarx)	First lien senior secured revolving loan	25,000	25,000
Hyland Software, Inc.	First lien senior secured revolving loan	4,070	4,070
Icefall Parent, Inc. (dba EngageSmart)	First lien senior secured revolving loan	1,217	—
Indikami Bidco, LLC (dba IntegriChain)	First lien senior secured delayed draw term loan	8,382	8,382
Indikami Bidco, LLC (dba IntegriChain)	First lien senior secured revolving loan	3,832	5,987
Inovalon Holdings, Inc.	First lien senior secured delayed draw term loan	—	13,834
Integrity Marketing Acquisition, LLC	First lien senior secured delayed draw term loan	—	13,714
Integrity Marketing Acquisition, LLC	First lien senior secured revolving loan	—	3,409
Integrity Marketing Acquisition, LLC	First lien senior secured delayed draw term loan	7,895	—
Integrity Marketing Acquisition, LLC	First lien senior secured revolving loan	2,422	—
Interoperability Bidco, Inc. (dba Lyniate)	First lien senior secured delayed draw term loan	5,714	—
Interoperability Bidco, Inc. (dba Lyniate)	First lien senior secured revolving loan	4,658	3,927
JS Parent, Inc. (dba Jama Software)	First lien senior secured revolving loan	1,324	—
Kaseya Inc.	First lien senior secured delayed draw term loan	703	887
Kaseya Inc.	First lien senior secured revolving loan	709	709
KWOL Acquisition Inc. (dba Worldwide Clinical Trials)	First lien senior secured revolving loan	2,570	2,056
Litera Bidco LLC	First lien senior secured delayed draw term loan	17,117	—
Litera Bidco LLC	First lien senior secured delayed draw term loan	13,448	—
Litera Bidco LLC	First lien senior secured revolving loan	7,654	8,250
LogRhythm, Inc.	First lien senior secured revolving loan	475	—
LSI Financing 1 DAC	Series 5 Notes	32,622	—
LSI Financing 1 DAC	Series 6 Notes	275	—
ManTech International Corporation	First lien senior secured delayed draw term loan	1,030	1,030
ManTech International Corporation	First lien senior secured revolving loan	860	860
MINDBODY, Inc.	First lien senior secured revolving loan	7,143	7,143
Ministry Brands Holdings, LLC	First lien senior secured revolving loan	737	344

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Portfolio Company	Investment	September 30, 2024	December 31, 2023
Minotaur Acquisition, Inc. (dba Inspira Financial)	First lien senior secured delayed draw term loan	8,834	—
Minotaur Acquisition, Inc. (dba Inspira Financial)	First lien senior secured revolving loan	5,435	—
Monotype Imaging Holdings Inc.	First lien senior secured delayed draw term loan	4,913	—
Monotype Imaging Holdings Inc.	First lien senior secured revolving loan	7,369	—
Neptune Holdings, Inc. (dba NexTech)	First lien senior secured revolving loan	588	588
NMI Acquisitionco, Inc. (dba Network Merchants)	First lien senior secured revolving loan	1,115	1,115
Oranje Holdco, Inc. (dba KnowBe4)	First lien senior secured revolving loan	1,602	1,602
PDI TA Holdings, Inc.	First lien senior secured delayed draw term loan	2,088	—
PDI TA Holdings, Inc.	First lien senior secured revolving loan	918	—
PetVet Care Centers, LLC	First lien senior secured delayed draw term loan	5,120	5,120
PetVet Care Centers, LLC	First lien senior secured revolving loan	5,373	5,373
Ping Identity Holding Corp.	First lien senior secured revolving loan	416	91
Pluralsight, LLC	First lien senior secured loan	—	2,230
Pluralsight, LLC	First lien senior secured delayed draw term loan	12,649	—
Pluralsight, LLC	First lien senior secured revolving loan	5,060	—
Project Power Buyer, LLC (dba PEC-Veriforce)	First lien senior secured revolving loan	3,750	3,750
Pye-Barker Fire & Safety, LLC	First lien senior secured delayed draw term loan	12,136	—
Pye-Barker Fire & Safety, LLC	First lien senior secured revolving loan	2,386	—
QAD, Inc.	First lien senior secured revolving loan	11,429	11,429
Relativity ODA LLC	First lien senior secured revolving loan	—	11,250
Relativity ODA LLC	First lien senior secured revolving loan	7,871	—
RL Datix Holdings (USA), Inc.	First lien senior secured delayed draw term loan	10,985	—
RL Datix Holdings (USA), Inc.	First lien senior secured revolving loan	9,618	—
RL Datix Holdings (USA), Inc.	First lien senior secured revolving loan	—	778
Rubrik, Inc.	First lien senior secured delayed draw term loan	260	1,306
SailPoint Technologies Holdings, Inc.	First lien senior secured revolving loan	4,358	4,358
Salinger Bidco Inc. (dba Surgical Information Systems)	First lien senior secured delayed draw term loan	1,406	—
Salinger Bidco Inc. (dba Surgical Information Systems)	First lien senior secured revolving loan	1,406	—
Securonix, Inc.	First lien senior secured revolving loan	3,479	3,559
Simpler Postage, Inc. (dba Easypost)	First lien senior secured delayed draw term loan	9,955	—
Simpler Postage, Inc. (dba Easypost)	First lien senior secured delayed draw term loan	7,742	—
SimpliSafe Holding Corporation	First lien senior secured delayed draw term loan	—	75
Smarsh Inc.	First lien senior secured delayed draw term loan	5,524	5,524
Smarsh Inc.	First lien senior secured revolving loan	442	442
Talon MidCo 2 Limited	First lien senior secured delayed draw term loan	—	13
Talon MidCo 2 Limited	First lien senior secured revolving loan	119	119

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Portfolio Company	Investment	September 30, 2024		December 31, 2023
Tamarack Intermediate, L.L.C. (dba Verisk 3E)	First lien senior secured delayed draw term loan	—		744
Tamarack Intermediate, L.L.C. (dba Verisk 3E)	First lien senior secured revolving loan	1,682		1,682
Thunder Purchaser, Inc. (dba Vector Solutions)	First lien senior secured revolving loan	2,138		4,613
Velocity HoldCo III Inc. (dba VelocityEHS)	First lien senior secured revolving loan	2,500		2,188
Walker Edison Furniture Company LLC	First lien senior secured delayed draw term loan	225		2,809
When I Work, Inc.	First lien senior secured revolving loan	5,605		5,605
XRL 1 LLC (dba XOMA)	First lien senior secured delayed draw term loan	1,000		1,000
Zendesk, Inc.	First lien senior secured delayed draw term loan	12,922		12,922
Zendesk, Inc.	First lien senior secured revolving loan	5,321		5,321
Total Unfunded Portfolio Company Commitments		$	605,683	$	396,093

We seek to carefully consider our unfunded portfolio company commitments for the purpose of planning our ongoing financial leverage. Further, we consider any outstanding unfunded portfolio company commitments we are required to fund within the 150% asset coverage limitation. As of September 30, 2024, we believed we had adequate financial resources to satisfy the unfunded portfolio company commitments.

Other Commitments and Contingencies

From time to time, we may become a party to certain legal proceedings incidental to the normal course of our business. At September 30, 2024, management was not aware of any pending or threatened litigation.

Contractual Obligations

The table below presents a summary of our contractual payment obligations under our credit facilities and notes as of September 30, 2024:

	Payments Due by Period
($ in millions)	Total		Less than 1 year		1-3 years		3-5 years		After 5 years
Revolving Credit Facility	351.5		—		—		351.5		—
SPV Asset Facility I	600.0		—		—		—		600.0
SPV Asset Facility II	300.0		—		300.0		—		—
June 2025 Notes	210.0		210.0		—		—		—
December 2025 Notes	650.0		—		650.0		—		—
June 2026 Notes	375.0		—		375.0		—		—
January 2027 Notes	300.0		—		300.0		—		—
CLO 2020-1	204.0		—		—		—		204.0
Total Contractual Obligations	$	2,990.5	$	210.0	$	1,625.0	$	351.5	$	804.0

Related-Party Transactions

We have entered into a number of business relationships with affiliated or related parties, including the following:

•the Investment Advisory Agreement;

•the Administration Agreement; and

•the License Agreement.

In addition to the aforementioned agreements, we rely on an order for exemptive relief that has been granted to OCA and certain of its affiliates to permit us to co-invest with other funds managed by the Adviser or its affiliates, in a manner consistent with our investment objective, positions, policies, strategies and restrictions as well as regulatory requirements and other pertinent factors. See “ITEM 1. – Notes to Consolidated Financial Statements – Note 3. Agreements and Related Party Transactions” for further details.

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We invest in Credit SLF, Fifth Season and LSI Financing, non-controlled affiliated investments, as defined in the 1940 Act. See “ITEM 1. - Notes to Consolidated Financial Statements - Note 3. Agreements and Related Party Transactions” for further details.

Critical Accounting Policies

The preparation of the consolidated financial statements requires us to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses. Changes in the economic environment, financial markets, and any other parameters used in determining such estimates could cause actual results to differ. Our critical accounting policies should be read in connection with our risk factors as described in “ITEM 1A. RISK FACTORS.”

Investments at Fair Value

Investment transactions are recorded on the trade date. Realized gains or losses are measured by the difference between the net proceeds received and the amortized cost basis of the investment using the specific identification method without regard to unrealized gains or losses previously recognized, and include investments charged off during the period, net of recoveries. The net change in unrealized gains or losses primarily reflects the change in investment values, including the reversal of previously recorded unrealized gains or losses with respect to investments realized during the period.

Rule 2a-5 under the 1940 Act establishes requirements for determining fair value in good faith for purposes of the 1940 Act. Pursuant to Rule 2a-5, the Board designated the Adviser as our valuation designee to perform fair value determinations relating to the value of assets we held for which market quotations are not readily available.

Investments for which market quotations are readily available are typically valued at the average bid price of those market quotations. To validate market quotations, we utilize a number of factors to determine if the quotations are representative of fair value, including the source and number of the quotations. Debt and equity securities that are not publicly traded or whose market prices are not readily available, as is the case for substantially all of our investments, are valued at fair value as determined in good faith by our Adviser, as the valuation designee, based on, among other things, the input of our Adviser, our audit committee and independent third-party valuation firm(s) engaged at the direction of the Adviser.

As part of the valuation process, our Adviser takes into account relevant factors in determining the fair value of our Company’s investments, including: the estimated enterprise value of a portfolio company (i.e., the total fair value of the portfolio company’s debt and equity), the nature and realizable value of any collateral, the portfolio company’s ability to make payments based on its earnings and cash flow, the markets in which the portfolio company does business, a comparison of the portfolio company’s securities to any similar publicly traded securities, and overall changes in the interest rate environment and the credit markets that may affect the price at which similar investments may be made in the future. When an external event such as a purchase or sale transaction, public offering or subsequent equity sale occurs, the Adviser considers whether the pricing indicated by the external event corroborates its valuation.

Our Adviser, as the valuation designee, undertakes a multi-step valuation process, which includes, among other procedures, the following:

•With respect to investments for which market quotations are readily available, those investments will typically be valued at the average bid price of those market quotations;

•With respect to investment for which market quotations are not readily available, the valuation process begins with the independent valuation firm(s) providing a preliminary valuation of each investment to the Adviser’s valuation committee;

•Preliminary valuation conclusions are documented and discussed with the Adviser’s valuation committee. Agreed upon valuation recommendations are presented to the Audit Committee;

•Our Audit Committee reviews the valuations recommendations and recommends values for each investment to our Board;

•Our Board reviews the recommended valuations and determines the fair value of each investment;

•Each quarter, our Adviser, as the valuation designee, provides the Audit Committee a summary or description of material fair value matters that occurred in the prior quarter and on an annual basis, our Adviser, as the valuation designee, will provide the Audit Committee with a written assessment of the adequacy and effectiveness of its fair value process; and

•The Audit Committee oversees the valuation designee and will report to the Board on any valuation matters requiring the Board’s attention.

We conduct this valuation process on a quarterly basis.

We apply Financial Accounting Standards Board Accounting Standards Codification 820, Fair Value Measurements (“ASC 820”), as amended, which establishes a framework for measuring fair value in accordance with U.S. GAAP and required disclosures of fair value measurements. ASC 820 determines fair value to be the price that would be received for an investment in a current sale,

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which assumes an orderly transaction between market participants on the measurement date. Market participants are defined as buyers and sellers in the principal or most advantageous market (which may be a hypothetical market) that are independent, knowledgeable, and willing and able to transact. In accordance with ASC 820, we consider its principal market to be the market that has the greatest volume and level of activity. ASC 820 specifies a fair value hierarchy that prioritizes and ranks the level of observability of inputs used in determination of fair value. In accordance with ASC 820, these levels are summarized below:

•Level 1 – Valuations based on quoted prices in active markets for identical assets or liabilities that we have the ability to access.

•Level 2 – Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly.

•Level 3 – Valuations based on inputs that are unobservable and significant to the overall fair value measurement.

Transfers between levels, if any, are recognized at the beginning of the period in which the transfer occurs. In addition to using the above inputs in investment valuations, we apply the valuation policy approved by our Board that is consistent with ASC 820. Consistent with the valuation policy, our Adviser, as the valuation designee, evaluates the source of the inputs, including any markets in which our investments are trading (or any markets in which securities with similar attributes are trading), in determining fair value. When an investment is valued based on prices provided by reputable dealers or pricing services (such as broker quotes), our Adviser, as the valuation designee, subjects those prices to various criteria in making the determination as to whether a particular investment would qualify for treatment as a Level 2 or Level 3 investment. For example, our Adviser, as the valuation designee, or the independent valuation firm(s), review pricing support provided by dealers or pricing services in order to determine if observable market information is being used, versus unobservable inputs.

Due to the inherent uncertainty of determining the fair value of investments that do not have a readily available market value, the fair value of our investments may fluctuate from period to period. Additionally, the fair value of such investments may differ significantly from the values that would have been used had a ready market existed for such investments and may differ materially from the values that may ultimately be realized. Further, such investments are generally less liquid than publicly traded securities and may be subject to contractual and other restrictions on resale. If we were required to liquidate a portfolio investment in a forced or liquidation sale, it could realize amounts that are different from the amounts presented and such differences could be material.

In addition, changes in the market environment and other events that may occur over the life of the investments may cause the gains or losses ultimately realized on these investments to be different than the unrealized gains or losses reflected herein.

Financial and Derivative Instruments

Rule 18f-4 requires BDCs that use derivatives to, among other things, comply with a value-at-risk leverage limit, adopt a derivatives risk management program, and implement certain testing and board reporting procedures. Rule 18f-4 exempts BDCs that qualify as “limited derivatives users” from the aforementioned requirements, provided that these BDCs adopt written policies and procedures that are reasonably designed to manage the BDC’s derivatives risks and comply with certain recordkeeping requirements. Rule 18f-4 provides that a BDC may enter into an unfunded commitment agreement that is not a derivatives transaction, such as an agreement to provide financing to a portfolio company, if the BDC has, among other things, a reasonable belief, at the time it enters into such an agreement, that it will have sufficient cash and cash equivalents to meet its obligations with respect to all of its unfunded commitment agreements, in each case as it becomes due. Pursuant to Rule 18f-4, when we trade reverse repurchase agreements or similar financing transactions, including certain tender option bonds, we need to aggregate the amount of any other senior securities representing indebtedness (e.g., bank borrowings, if applicable) when calculating our asset coverage ratio. We currently qualify as a “limited derivatives user” and expect to continue to do so. We have adopted a derivatives policy that complies with the recordkeeping requirements of Rule 18f-4.

Interest and Dividend Income Recognition

Interest income is recorded on the accrual basis and includes amortization and accretion of discounts or premiums. Certain investments may have contractual payment-in-kind (“PIK”) interest or dividends, the majority of which is structured at initial underwriting. PIK interest and dividends represent accrued interest or dividends that are added to the principal amount or liquidation amount of the investment on the respective interest or dividend payment dates rather than being paid in cash and generally becomes due at maturity or at the occurrence of a liquidation event. Discounts and premiums to par value on securities purchased are amortized into interest income over the contractual life of the respective security using the effective yield method. The amortized cost of investments represents the original cost adjusted for the amortization and accretion of discounts or premiums, if any. Upon prepayment of a loan or debt security, any prepayment premiums, unamortized upfront loan origination fees and unamortized discounts are recorded as interest income in the current period.

Loans are generally placed on non-accrual status when there is reasonable doubt that principal or interest will be collected in full. Accrued interest is generally reversed when a loan is placed on non-accrual status. Interest payments received on non-accrual loans may be recognized as income or applied to principal depending upon management’s judgment regarding collectability. If at any point we believe PIK interest is not expected to be realized, the investment generating PIK interest will be placed on non-accrual status. When a PIK investment is placed on non-accrual status, the accrued, uncapitalized interest or dividends are generally reversed through interest income. Non-accrual loans are restored to accrual status when past due principal and interest is paid current and, in

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management’s judgment, are likely to remain current. Management may make exceptions to this treatment and determine to not place a loan on non-accrual status if the loan has sufficient collateral value and is in the process of collection.

Dividend income on preferred equity securities is recorded on the accrual basis to the extent that such amounts are payable by the portfolio company and are expected to be collected. Dividend income on common equity securities is recorded on the record date for private portfolio companies or on the ex-dividend date for publicly-traded portfolio companies.

Distributions

We have elected to be treated for U.S. federal income tax purposes, and qualify annually thereafter, as a RIC under Subchapter M of the Code. To obtain and maintain our tax treatment as a RIC, we must distribute (or be deemed to distribute) in each taxable year distribution for tax purposes equal to at least the sum of:

•90% of our investment company taxable income (which is generally our ordinary income plus the excess of realized short-term capital gains over realized net long-term capital losses), determined without regard to the deduction for dividends paid, for such taxable year; and

•90% of our net tax-exempt interest income (which is the excess of our gross tax-exempt interest income over certain disallowed deductions) for such taxable year.

As a RIC, we (but not our shareholders) generally will not be subject to U.S. federal tax on investment company taxable income and net capital gains that we distribute to our shareholders.

We intend to distribute annually all or substantially all of such income. To the extent that we retain our net capital gains or any investment company taxable income, we generally will be subject to U.S. federal income tax at corporate rates. We can be expected to carry forward our net capital gains or any investment company taxable income in excess of current year dividend distributions, and pay the U.S. federal excise tax as described below.

Amounts not distributed on a timely basis in accordance with a calendar year distribution requirement are subject to a nondeductible 4% U.S. federal excise tax payable by us. We may be subject to a nondeductible 4% U.S. federal excise tax if we do not distribute (or are treated as distributing) during each calendar year an amount at least equal to the sum of:

•98% of our net ordinary income excluding certain ordinary gains or losses for that calendar year;

•98.2% of our capital gain net income, adjusted for certain ordinary gains and losses, recognized for the twelve-month period ending on October 31 of that calendar year; and

•100% of any income or gains recognized, but not distributed, in preceding years.

While we intend to distribute any income and capital gains in the manner necessary to minimize imposition of the 4% U.S. federal excise tax, sufficient amounts of our taxable income and capital gains may not be distributed and as a result, in such cases, the excise tax will be imposed. In such an event, we will be liable for this tax only on the amount by which we do not meet the foregoing distribution requirement.

We intend to pay quarterly distributions to our shareholders out of assets legally available for distribution. All distributions will be paid at the discretion of our Board and will depend on our earnings, financial condition, maintenance of our tax treatment as a RIC, compliance with applicable BDC regulations and such other factors as our Board may deem relevant from time to time.

To the extent our current taxable earnings for a year fall below the total amount of our distributions for that year, a portion of those distributions may be deemed a return of capital to our shareholders for U.S. federal income tax purposes. Thus, the source of a distribution to our shareholders may be the original capital invested by the shareholder rather than our income or gains. Shareholders should read written disclosure carefully and should not assume that the source of any distribution is our ordinary income or gains.

We have adopted an “opt out” dividend reinvestment plan for our common shareholders. As a result, if we declare a cash dividend or other distribution, each shareholder that has not “opted out” of our dividend reinvestment plan will have their dividends or distributions automatically reinvested in additional shares of our common stock rather than receiving cash distributions. Shareholders who receive distributions in the form of shares of common stock will be subject to the same U.S. federal, state and local tax consequences as if they received cash distributions.

Income Taxes

We have elected to be treated as a BDC under the 1940 Act. We also have elected to be treated as a RIC under the Code beginning with the taxable year ending December 31, 2018 and intend to continue to qualify as a RIC. So long as we maintain our tax treatment as a RIC, we generally will not pay U.S. federal income taxes at corporate rates on any ordinary income or capital gains that we distribute at least annually to our shareholders as dividends. Instead, any tax liability related to income earned and distributed by us represents obligations of our investors and will not be reflected in our consolidated financial statements.

To qualify as a RIC, we must, among other things, meet certain source-of-income and asset diversification requirements. In addition, to qualify for RIC tax treatment, we generally must distribute to our shareholders, for each taxable year, at least 90% of our

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“investment company taxable income” for that year, which is generally our ordinary income plus the excess of our realized net short-term capital gains over our realized net long-term capital losses. In addition, a RIC may, in certain cases, satisfy this distribution requirement by distributing dividends relating to a taxable year after the close of such taxable year under the “spillover dividend” provisions of Subchapter M. In order for us not to be subject to U.S. federal excise taxes, we must distribute annually an amount at least equal to the sum of (i) 98% of our net ordinary income (taking into account certain deferrals and elections) for the calendar year, (ii) 98.2% of our capital gains in excess of capital losses for the one-year period ending on October 31 of the calendar year and (iii) any net ordinary income and capital gains in excess of capital losses for preceding years that were not distributed during such years. We, at our discretion, may carry forward taxable income in excess of calendar year dividends and pay a 4% nondeductible U.S. federal excise tax on this income.

We evaluate tax positions taken or expected to be taken in the course of preparing our consolidated financial statements to determine whether the tax positions are “more-likely-than-not” to be sustained by the applicable tax authority. Tax positions not deemed to meet the “more-likely-than-not” threshold are reserved and recorded as a tax benefit or expense in the current year. All penalties and interest associated with income taxes are included in income tax expense. Conclusions regarding tax positions are subject to review and may be adjusted at a later date based on factors including, but not limited to, on-going analyses of tax laws, regulations and interpretations thereof. There were no material uncertain tax positions through December 31, 2023. As applicable, our prior three tax years remain subject to examination by U.S. federal, state and local tax authorities.

Recent Developments

Distributions

On October 1, 2024, the Board declared a distribution of an amount equal to the greater of (i) any undistributed investment company taxable income determined pursuant to the Code and any undistributed net capital gain to the extent allowable under the Code for the fiscal year ended December 31, 2023 and (ii) 90% of estimated fourth quarter investment company taxable income, if any, for shareholders of record on December 31, 2024, payable on or before January 31, 2025.

SPV Asset Facility I Amendment

On October 30, 2024, OR Tech Financing I entered into the Second Amendment to Amended and Restated Credit Agreement, which amended SPV Asset Facility I in order to, among other changes, (i) increase the total term commitment from $600,000,000 to $700,000,000, (ii) amend the Commitment Fee from 0.35% to 0.50%, (iii) amend the Applicable Margin from 3.31% to 2.25%, (iv) extend the end of the reinvestment period from December 22, 2025 to October 30, 2027, (v) extend the maturity date from December 22, 2033 to October 30, 2035 and (vi) amend the Prepayment Make-Whole Premium (as defined in SPV Asset Facility I).

SPV Asset Facility II Amendment

On October 30, 2024, ORTF Funding I entered into Amendment No. 2 which amended SPV Asset Facility II in order to, among other changes, (i) replace Alter Domus (US) LLC with State Street Bank and Trust Company as Collateral Custodian under SPV Asset Facility II, (ii) increase the commitments under SPV Asset Facility II from $300,000,000 to $400,000,000, (iii) extend the reinvestment period through November 16, 2027 and the scheduled maturity date to November 16, 2029 and (iv) reduce the spread from 2.625% to 2.400% and remove the term SOFR adjustment.

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

We are subject to financial market risks, including valuation risk, interest rate risk, currency risk, credit risk and inflation risk.

Valuation Risk

We have invested, and plan to continue to invest, primarily in illiquid debt and equity securities of private companies. Most of our investments will not have a readily available market price, and therefore, we will value these investments at fair value as determined in good faith by the Adviser, as our valuation designee, based on, among other things, the input of the independent third-party valuation firm(s) engaged at the direction of the Adviser, as our valuation designee, and in accordance with our valuation policy. There is no single standard for determining fair value. As a result, determining fair value requires that judgment be applied to the specific facts and circumstances of each portfolio investment while employing a consistently applied valuation process for the types of investments we make. If we were required to liquidate a portfolio investment in a forced or liquidation sale, we may realize amounts that are different from the amounts presented and such differences could be material.

Interest Rate Risk

Interest rate sensitivity refers to the change in earnings that may result from changes in the level of interest rates. We intend to fund portions of our investments with borrowings, and at such time, our net investment income will be affected by the difference between the rate at which we invest and the rate at which we borrow. Accordingly, we cannot assure you that a significant change in market interest rates will not have a material adverse effect on our net investment income.

In a low interest rate environment, the difference between the total interest income earned on interest earning assets and the total interest expense incurred on interest bearing liabilities may be compressed, reducing our net income and potentially adversely

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affecting our operating results. Conversely, in a rising interest rate environment, such difference could potentially increase thereby increasing our net income as indicated per the table below.

As of September 30, 2024, 95.9% of our debt investments based on fair value were at floating rates. Additionally, the weighted average floor, based on fair value, of our debt investments was 0.81% and the majority of our debt investments have a floor of 1.00%. The Revolving Credit Facility and SPV Asset Facilities bear interest at variable rates with interest floors of 0.0%. The June 2025 Notes, December 20205 Notes, June 2026 Notes and January 2027 Notes bear interest at fixed rate. CLO 2020-1 bears interest at fixed and variable rates.

Based on our Consolidated Statements of Assets and Liabilities as of September 30, 2024, the following table shows the annualized impact on net income of hypothetical base rate changes in interest rates on our debt investments (considering interest rate floors for floating rate instruments) assuming each floating rate investment is subject to 3-month reference rate election and there are no changes in our investment and borrowing structure:

($ in millions)	Interest Income		Interest Expense		Net Income(1)
Up 300 basis points	$	149.0	$	43.7	$	105.3
Up 200 basis points	$	99.4	$	29.1	$	70.3
Up 100 basis points	$	49.7	$	14.6	$	35.1
Down 100 basis points	$	(49.7)	$	(14.6)	$	(35.1)
Down 200 basis points	$	(99.4)	$	(29.1)	$	(70.3)
Down 300 basis points	$	(148.9)	$	(43.7)	$	(105.2)

________________

(1)Excludes the impact of income-based fees. See “ITEM 1. - Notes to Consolidated Financial Statements - Note 3. Agreements and Related Party Transactions” of our consolidated financial statements for more information on income-based fees.

We may hedge against interest rate fluctuations by using hedging instruments such as interest rate swaps, futures, options, and forward contracts. While hedging activities may mitigate our exposure to adverse fluctuations in interest rates, certain hedging transactions, such as interest rate swap agreements, may also limit our ability to participate in the benefits of lower interest rates.

Currency Risk

From time to time, we may make investments that are denominated in a foreign currency, borrow in certain foreign currencies under our credit facilities or issue notes in certain foreign currencies. These investments, borrowings and issuances are translated into U.S. dollars at each balance sheet date, exposing us to movements in foreign exchange rates. We may employ hedging techniques to minimize these risks, but we cannot assure you that such strategies will be effective or without risk to us. We may seek to utilize instruments such as, but not limited to, forward contracts or cross currency swaps to seek to hedge against fluctuations in the relative values of our portfolio positions from changes in currency exchange rates. Instead of entering into a foreign currency forward contract in connection with loans or other investments denominated in a foreign currency, we may borrow in that currency to establish a natural hedge against our loan, issuance or investment. To the extent the loan, issuance or investment is based on a floating rate other than a rate under which we can borrow under our credit facilities, we may utilize interest rate derivatives to hedge our exposure to changes in the associated rate.

Credit Risk

We generally endeavor to minimize our risk of exposure by limiting to reputable financial institutions the counterparties with which we enter into financial transactions. As of September 30, 2024 and December 31, 2023, we held the majority of our cash balances with a single highly rated money center bank and such balances are in excess of Federal Deposit Insurance Corporation insured limits. We seek to mitigate this exposure by monitoring the credit standing of these financial institutions.

Inflation Risk

Inflation is likely to continue in the near to medium-term, particularly in the United States, with the possibility that monetary policy may continue to tighten in response. Persistent inflationary pressures could affect our portfolio companies’ profit margins.

Item 4. Controls and Procedures.

(a)Evaluation of Disclosure Controls and Procedures

In accordance with Rules 13a-15(b) and 15d-15(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), we, under the supervision and with the participation of our Chief Executive Officer and Chief Financial Officer, carried out an evaluation of the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) and Rule 15d-15(e) of the Exchange Act) as of the end of the period covered by this Quarterly Report on Form 10-Q and determined that our disclosure controls and procedures are effective as of the end of the period covered by the Quarterly Report on Form 10-Q.

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(b)Changes in Internal Controls Over Financial Reporting

There have been no changes in our internal control over financial reporting that occurred during our most recently completed fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

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PART II - OTHER INFORMATION

Item 1. Legal Proceedings

Neither we nor the Adviser are currently subject to any material legal proceedings, nor, to our knowledge, are any material legal proceeding threatened against us. From time to time, we may be a party to certain legal proceedings in the ordinary course of business, including proceedings relating to the enforcement of our rights under contracts with our portfolio companies. Our business is also subject to extensive regulation, which may result in regulatory proceedings against us. While the outcome of any such future legal or regulatory proceedings cannot be predicted with certainty, we do not expect that any such future proceedings will have a material effect upon our financial condition or results of operations.

Item 1A. Risk Factors

In addition to the other information set forth in this report, you should carefully consider the risk factors discussed in Part I, “ITEM 1A. RISK FACTORS” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, which could materially affect our business, financial condition and/or operating results. The risks described in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023 are not the only risks facing us. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially and adversely affect our business, financial condition and/or operating results.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 

Other than the shares issued pursuant to our dividend reinvestment plan, we did not sell any unregistered equity securities, except as previously disclosed in certain 8-Ks filed with the SEC.

In the third quarter of 2024, pursuant to our dividend reinvestment plan, we issued 1,323,864 shares of our common stock, at a price of $16.74 per share, to stockholders of record as of June 28, 2024 that did not opt out of our dividend reinvestment plan in order to satisfy the reinvestment portion of our dividends. This issuance was not subject to the registration requirements of the Securities Act of 1933, as amended.

Item 3. Defaults Upon Senior Securities. 

None.

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information.

Rule 10b5-1 Trading Plans

During the fiscal quarter ended September 30, 2024, none of the Company’s directors or executive officers adopted or terminated any contract, instruction or written plan for the purchase or sale of Company securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) or any “non-Rule 10b5-1 trading arrangement.”

Appointment of Officers

On November 5, 2024, our Board appointed Matthew Swatt and Shari Withem, each a Co-Treasurer and Co-Controller, to serve as a Co-Chief Accounting Officer effective as of November 11, 2024. Mr. Swatt and Ms. Withem will continue in their roles as Co-Treasurers and Co-Controllers. The role of Chief Accounting Officer was previously held by Bryan Cole who serves as the Head of Operations for Blue Owl Capital Inc., an affiliate of our Adviser.

116

Item 6. Exhibits

Exhibit Number	Description of Exhibits
3.1	Articles of Amendment and Restatement, dated August 9, 2018, as amended June 22, 2023 (incorporated by reference to Exhibit 3.1 to the Company's Quarterly Report on Form 10-Q, filed on August 11, 2023).
3.2	Amended and Restated Bylaws, dated July 6, 2023 (incorporated by reference to Exhibit 3.2 to the Company's Current Report on Form 8-K, filed on June 22, 2023).
21.1*	Subsidiaries.
31.1*	Certification of Principal Executive Officer Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2*	Certification of Principal Financial Officer Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1**	Certification of Principal Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2**	Certification of Principal Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
99.1*	Supplemental Financial Information of Blue Owl Credit SLF LLC (unaudited) as of and for the period ended September 30, 2024.
101.INS	Inline XBRL Instance Document - the instance document does not appear in the Interactive Data File because XBRL tags are embedded within the Inline XBRL document.
101.SCH	Inline XBRL Taxonomy Extension Schema Document
101.CAL	Inline XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF	Inline XBRL Taxonomy Extension Definition Linkbase Document
101.LAB	Inline XBRL Taxonomy Extension Label Linkbase Document
101.PRE	Inline XBRL Taxonomy Extension Presentation Linkbase Document
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

________________

*Filed herein

**Furnished herein.

117

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.

		Blue Owl Technology Finance Corp.
Date: November 8, 2024	By:	/s/ Craig W. Packer
		Craig W. Packer
		Chief Executive Officer

		Blue Owl Technology Finance Corp.
Date: November 8, 2024	By:	/s/ Jonathan Lamm
		Jonathan Lamm
		Chief Operating Officer and Chief Financial Officer

118

EX-21.1

SUBSIDIARIES OF BLUE OWL TECHNOLOGY FINANCE CORP.

Name	Jurisdiction
OR TECH LENDING LLC	DELAWARE
OR TECH FINANCING I LLC	DELAWARE
OWL ROCK TECHNOLOGY FINANCING 2020-1 LLC	DELAWARE
ORTF FUNDING I LLC	DELAWARE
ORT KB LLC	DELAWARE
ORTF AAM RH LLC	DELAWARE
ORTF AAM LLC	DELAWARE
ORTF FSI LLC	DELAWARE
ORTF BC 4 LLC	DELAWARE
ORTF BC 5 LLC	DELAWARE
ORTF BC 6 LLC	DELAWARE

EX-31.1

Exhibit 31.1

CERTIFICATION PURSUANT TO

RULES 13a-14(a) AND 15d-14(a) UNDER THE SECURITIES EXCHANGE ACT OF 1934,

AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Craig W. Packer, Chief Executive Officer of Blue Owl Technology Finance Corp., certify that:

1.I have reviewed this Quarterly Report on Form 10-Q of Blue Owl Technology Finance Corp. (the “registrant”) for the quarter ended September 30, 2024;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this Quarterly Report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, and cash flows of the registrant as of, and for, the periods presented in this Quarterly Report;

4.The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this Quarterly Report is being prepared;

b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d)Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing equivalent functions):

a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: November 8, 2024	By:	/s/ Craig W. Packer
		Craig W. Packer
		Chief Executive Officer

EX-31.2

Exhibit 31.2

CERTIFICATION PURSUANT TO

RULES 13a-14(a) AND 15d-14(a) UNDER THE SECURITIES EXCHANGE ACT OF 1934,

AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Jonathan Lamm, Chief Financial Officer of Blue Owl Technology Finance Corp., certify that:

1.I have reviewed this Quarterly Report on Form 10-Q of Blue Owl Technology Finance Corp. (the “registrant”) for the quarter ended September 30, 2024;

2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this Quarterly Report;

3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, and cash flows of the registrant as of, and for, the periods presented in this Quarterly Report;

4.The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this Quarterly Report is being prepared;

b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d)Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing equivalent functions):

a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: November 8, 2024	By:	/s/ Jonathan Lamm
		Jonathan Lamm
		Chief Operating Officer and Chief Financial Officer

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO

SECTION 1350, CHAPTER 63 OF TITLE 18, UNITED STATES CODE,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

Pursuant to Section 1350, Chapter 63 of Title 18, United States Code, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, the undersigned, as Chief Executive Officer of Blue Owl Technology Finance Corp. (the “Company”), does hereby certify that to the undersigned’s knowledge:

1)the Company’s Form 10-Q for the quarter ended September 30, 2024 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

2)the information contained in the Company’s Form 10-Q for the quarter ended September 30, 2024 fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: November 8, 2024	By:	/s/ Craig W. Packer
		Craig W. Packer
		Chief Executive Officer

EX-32.2

Exhibit 32.2

CERTIFICATION PURSUANT TO

SECTION 1350, CHAPTER 63 OF TITLE 18, UNITED STATES CODE,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

Pursuant to Section 1350, Chapter 63 of Title 18, United States Code, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, the undersigned, as Chief Financial Officer of Blue Owl Technology Finance Corp. (the “Company”), does hereby certify that to the undersigned’s knowledge:

1)the Company’s Form 10-Q for the quarter ended September 30, 2024 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

2)the information contained in the Company’s Form 10-Q for the quarter ended September 30, 2024 fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: November 8, 2024	By:	/s/ Jonathan Lamm
		Jonathan Lamm
		Chief Operating Officer and Chief Financial Officer

EX-99.1

Blue Owl Credit SLF LLC

Supplemental Financial Information (unaudited) as of and for the period ended September 30, 2024

Blue Owl Credit SLF LLC

Supplemental Financial Information (Unaudited)

Consolidated Statement of Assets and Liabilities

(Amounts in Thousands)

	September 30, 2024 (Unaudited)(1)(2)
Assets
Investments at fair value (amortized cost of $150,124)	$	150,220
Cash	16,174
Interest receivable	68
Total Assets	$	166,462
Liabilities
Debt (net of unamortized debt issuance costs of $1,705)	$	31,326
Payable for investments purchased	84,887
Interest payable	125
Accrued expenses and other liabilities	136
Total Liabilities	116,474
Members’ Equity
Class A capital contributions	49,988
Class B capital contributions	—
Total Members Equity	49,988
Total Liabilities and Members’ Equity	$	166,462
Total Members’ Equity - Class A	$	166,462

(1)The Company commenced operations on May 6, 2024.

(2)As of September 30, 2024, there is no Class B Members’ Equity capital contributed.

1

Blue Owl Credit SLF LLC

Supplemental Financial Information (Unaudited)

Consolidated Statements of Operations

(Amounts in Thousands)

	For the Three Months Ended September 30,		For the Nine Months Ended September 30,
	2024(1)(2)		2024(1)(2)
Investment Income
Interest income	$	541	$	541
Other income	15		15
Total investment income	$	556	$	556
Operating Expenses
Interest expense	458		528
Professional fees	124		124
Other general and administrative	20		20
Total Operating Expenses	602		672
Net Investment Income (Loss) Before Taxes	(46)		(116)
Income tax expense (benefit), including excise tax expense (benefit)	—		—
Net Investment Income (Loss) After Taxes	$	(46)	$	(116)
Net Realized and Change in Unrealized Gain (Loss)
Net change in unrealized gain (loss) on investments	96		96
Net realized gain (loss) on investments	8		8
Total Net Realized and Change in Unrealized Gain (Loss)	104		104
Total Net Increase (Decrease) in Members’ Equity Resulting from Operations	$	58	$	(12)
Total Net Increase (Decrease) in Members’ Equity Resulting from Operations - Class A	$	58	$	(12)

(1) The Company commenced operations on May 6, 2024.

(2) As of September 30, 2024, there is no Class B Members’ Equity capital contributed.

2

Blue Owl Credit SLF LLC

Supplemental Financial Information (Unaudited)

Consolidated Schedule of Investments

(Amounts in Thousands)

Company(1)(3)(4)	Investment	Interest			Maturity Date	Par / Units		Amortized Cost(2)		Fair Value		Percentage of Members’ Equity
Debt Investments
Aerospace and defense
Amentum Holdings, Inc.(6)	First lien senior secured loan	SR+	2.25	%	07/2031	$	6,000	$	5,985	$	5,978	12.0	%
Transdigm, Inc.(6)	First lien senior secured loan	SR+	2.50	%	01/2032	10,000		9,975		9,958		19.9	%
								15,960		15,936		31.9	%
Buildings and real estate
Arcosa Inc(6)(8)	First lien senior secured loan	SR+	2.25	%	08/2031	3,000		$	3,000	$	3,000	6.0	%
The Azek Group LLC(6)	First lien senior secured loan	SR+	2.00	%	09/2031	2,000		1,995		2,000		4.0	%
								4,995		5,000		10.0	%
Business services
Madison Safety & Flow LLC(6)	First lien senior secured loan	SR+	3.25	%	09/2031	2,000		$	1,995	$	1,997	4.0	%
Nvent Electric Public Limited Company(6)	First lien senior secured loan	SR+	3.50	%	09/2031	14,000		13,930		13,983		27.9	%
Plano HoldCo, Inc. (dba Perficient) (6)(8)	First lien senior secured loan	SR+	3.50	%	08/2031	4,500		4,478		4,478		9.0	%
POLARIS PURCHASER, INC. (dba Plusgrade)(6)(8)	First lien senior secured loan	SR+	4.00	%	03/2031	8,000		8,000		8,000		16.0	%
								28,403		28,458		56.9	%
Distribution
Paint Intermediate III, LLC(6)	First lien senior secured loan	SR+	3.00	%	09/2031	12,000		$	11,940	$	11,970	24.0	%
White Cap Supply Holdings, LLC(5)	First lien senior secured loan	SR+	3.25	%	10/2029	6,000		5,970		5,954		11.9	%
								17,910		17,924		35.9	%
Energy equipment and services
Calpine Construction Finance Company, L.P.(6)	First lien senior secured loan	SR+	2.00	%	07/2030	3,000		$	2,985	$	2,979	6.0	%
Fleet U.S. Bidco Inc.(6)	First lien senior secured loan	SR+	2.75	%	02/2031	7,500		7,500		7,500		15.0	%
								10,485		10,479		21.0	%
Financial services
BCPE Pequod Buyer, Inc. (dba Envestnet).(6)	First lien senior secured loan	SR+	3.50	%	09/2031	8,000		$	7,960	$	7,962	15.8	%
Focus Financial Partners, LLC(9)(10)	First lien senior secured delayed draw term loan	SR+	3.25	%	09/2026	—		—		—		—	%
Focus Financial Partners, LLC(6)	First lien senior secured loan	SR+	3.25	%	09/2031	7,224		$	7,206	$	7,200	14.4	%
PUSHPAY USA INC(6)(8)	First lien senior secured loan	SR+	4.50	%	08/2031	4,286		4,244		4,243		8.5	%
								19,410		19,405		38.7	%
Food and beverage
Froneri International Ltd(6)	First lien senior secured loan	SR+	2.00	%	09/2031	4,000		$	3,990	$	3,983	8.0	%
								3,990		3,983		8.0	%
Healthcare providers and services
CHG Healthcare Services, Inc(6)	First lien senior secured loan	SR+	3.50	%	09/2028	2,254		$	2,254	$	2,256	4.5	%
CHG PPC Parent LLC(6)	First lien senior secured loan	SR+	2.75	%	12/2028	2,992		2,970		2,979		6.0	%
HAH Group Holding Company LLC(6)	First lien senior secured loan	SR+	5.00	%	09/2031	6,000		5,910		5,914		11.8	%
								11,134		11,149		22.3	%
Human resource support services
iSolved, Inc.(5)	First lien senior secured loan	SR+	3.50	%	10/2030	5,985		$	5,985	$	5,998	12.0	%
								5,985		5,998		12.0	%
Infrastructure and environmental services
Geosyntec Consultants, Inc.(5)(8)	First lien senior secured loan	SR+	3.75	%	07/2031	6,000		$	5,971	$	5,970	11.9	%
								5,971		5,970		11.9	%
Insurance
AssuredPartners, Inc.(5)	First lien senior secured loan	SR+	3.50	%	02/2031	3,000		$	2,996	$	2,996	6.0	%
								2,996		2,996		6.0	%

3

Blue Owl Credit SLF LLC

Supplemental Financial Information (Unaudited)

Consolidated Schedule of Investments (Amounts in Thousands)
Leisure and entertainment
Pretzel Parent, Inc.(6)(8)	First lien senior secured loan	SR+	4.75	%	08/2031	3,000	$	2,955	$	2,955	5.9	%
							2,955		2,955		5.9	%
Manufacturing
ALLIANCE LAUNDRY SYSTEMS LLC(5)	First lien senior secured loan	SR+	3.50	%	08/2031	7,500	$	7,463	$	7,505	15.0	%
Chariot Buyer LLC(5)	First lien senior secured loan	SR+	3.50	%	11/2028	2,494	2,487		2,479		5.0	%
DXP Enterprises, Inc.(6)	First lien senior secured loan	SR+	4.75	%	10/2030	6,000	6,000		6,003		12.0	%
							15,950		15,987		32.0	%
Professional services
First Advantage Holdings, LLC(6)(8)	First lien senior secured loan	SR+	3.25	%	09/2031	4,000	$	3,980	$	3,980	8.0	%
							3,980		3,980		8.0	%
Total Debt Investments							$	150,124	$	150,220	300.5	%
Total Investments							$	150,124	$	150,220	300.5	%
(1) Unless otherwise indicated, Blue Owl Credit SLF’s investments are pledged as collateral supporting the amounts outstanding under Blue Owl Credit SLF’s Debt Facilities.
(2) The amortized cost represents the original cost adjusted for the amortization of discounts and premiums, as applicable, on debt investments using the effective interest method.
(3) Unless otherwise indicated, all investments are considered Level 2 investments.
(4) Unless otherwise indicated, loan contains a variable rate structure, which may be subject to an interest rate floor. Variable rate loans bear interest at a rate that may be determined by reference to Secured Overnight Financing Rate (“SOFR” or “SR”) (which can include one-, three-, six- or twelve-month SOFR), at the borrower’s option, and which reset periodically based on the terms of the loan agreement.
(5) The interest rate on these loans is subject to 1 month SOFR, which as of September 30, 2024 was 4.85%.
(6) The interest rate on these loans is subject to 3 month SOFR, which as of September 30, 2024 was 4.59%.
(7) The interest rate on these loans is subject to 6 month SOFR, which as of September 30, 2024 was 4.25%.
(8) Level 3 investment.
(9) Position or portion of is an unfunded loan commitment.
(10) The date disclosed represents the commitment period of the unfunded term loan. Upon expiration of the commitment period, the funded portion of the term loan may be subject to a longer maturity date.

4

Blue Owl Credit SLF LLC

Supplemental Financial Information (Unaudited)

Organization and Principal Business

Blue Owl Credit SLF LLC (“Credit SLF” or the “Company”), a Delaware limited liability company, is a joint venture among Blue Owl Capital Corporation, Blue Owl Capital Corporation II, Blue Owl Capital Corporation III, Blue Owl Credit Income Corp., Blue Owl Technology Finance Corp., Blue Owl Technology Finance Corp. II, and Blue Owl Technology Income Corp. (the “Blue Owl BDCs”) and State Teachers Retirement System of Ohio (“OSTRS”) (collectively, the “Class A Members”). Credit SLF has no “Class B Members” as of September 30, 2024. The Company’s principal purpose is to make investments primarily in senior secured loans to middle market companies, broadly syndicated loans and in senior and subordinated notes issued by collateralized loan obligations. The Company is managed by the Class A Members, each of which have equal voting rights. Except under certain circumstances, contributions to the Company cannot be redeemed. Investment decisions must be approved by each of the Class A Members. The Class A Members co-invest through the Company, or its wholly owned subsidiaries: BOC SLF WH I BA LTD, BOC SLF WH II RB LTD, BOC SLF WH III C LTD and BOC SLF WH 4 WF LTD. The Company commenced operations on May 6, 2024 and made its first portfolio company investment on July 23, 2024.

Investment Portfolio Detail

Investments at fair value and amortized cost consisted of the following as of September 30, 2024:

	September 30, 2024
($ in thousands)	Amortized Cost		Fair Value
First-lien senior secured debt investments	$	150,124	$	150,220
Total Investments	$	150,124	$	150,220

The industry composition of investments based on fair value as of September 30, 2024:

	September 30, 2024
Aerospace and defense	10.7	%
Buildings and real estate	3.3
Business services	18.9
Distribution	11.9
Energy equipment and services	7.0
Financial services	12.9
Food and beverage	2.7
Healthcare providers and services	7.4
Human resource support services	4.0
Infrastructure and environmental services	4.0
Insurance	2.0
Leisure and entertainment	2.0
Manufacturing	10.6
Professional services	2.6
Total	100.0	%

5

Blue Owl Credit SLF LLC

Supplemental Financial Information (Unaudited)

The geographic composition of investments based on fair value consisted of the below as of the following period:

	September 30, 2024
United States:
Midwest	31.4	%
Northeast	15.2
South	26.5
West	16.1
International	10.8
Total	100.00	%

Investments

The following table presents the fair value hierarchy of investments as of September 30, 2024:

	Fair Value Hierarchy as of September 30, 2024
($ in thousands)	Level 1		Level 2		Level 3		Total
First-lien senior secured debt investments	$	—	$	117,595	$	32,625	$	150,220
Total Investments	$	—	$	117,595	$	32,625	$	150,220

Debt Activity

Bank of America Facility

On June 12, 2024, BOC SLF WH I BA LTD., an exempted company incorporated with limited liability under the laws of the Cayman Islands, and wholly-owned subsidiary of the Credit SLF, entered into a $300 million revolving credit facility (the “Bank of America Facility”) among the lenders party thereto, and Bank of America, N.A.. The maturity date of the Bank of America Facility is June 12, 2027. As of September 30, 2024, there was $11.7 million outstanding under the Bank of America Facility.

Borrowings under the Bank of America Facility bore interest at a per annum rate equal to (a) with respect to any Term SOFR Loan, SOFR + 1.45% and (b) with respect to any Base Rate Loan, Base Rate + 1.45%. Credit SLF predominantly borrowed utilizing SOFR loans. Credit SLF also pays unused commitment fee (i) prior to the six-month anniversary of such date, 0.35% and (ii) thereafter, (x) with respect to the First Unused Amount, 1.10% and (y) with respect to the Second Unused Amount, 0.35%.

RBC Facility

On June 5, 2024, BOC SLF WH II RB LTD., an exempted company incorporated with limited liability under the laws of the Cayman Islands, a wholly-owned subsidiary of Credit SLF, as borrower, entered into a $300 million Amended and Restated Revolving Loan Agreement with Royal Bank of Canada and the lenders party thereto (the “RBC Facility”). The maturity date of the RBC Facility is October 14, 2032. As of September 30, 2024, there was $9.7 million outstanding under the RBC Facility.

Borrowings under the RBC Facility bore interest at a per annum rate equal to SOFR +1.55%.

Citibank Facility

On June 28, 2024, BOC SLF WH III C LTD., an exempted company incorporated with limited liability under the laws of the Cayman Islands, and wholly-owned subsidiary of the Credit SLF, entered into a $300 million revolving credit facility (the “Citibank Facility”) among the lenders party thereto, and Citibank, N.A.. The maturity date of the Citibank Facility is June 28, 2027. As of September 30, 2024, there was $11.7 million outstanding under the Citibank Facility.

Borrowings under the Citibank Facility bore interest at a per annum rate equal to (i) during the Reinvestment Period, SOFR + 1.40% and (ii) after the end of the Reinvestment Period, 1.90%.

Wells Fargo Facility

On August 1, 2024, BOC SLF WH 4 LTD., an exempted company incorporated with limited liability under the laws of the Cayman Islands, and wholly-owned subsidiary of the Credit SLF, entered into a $300 million revolving credit facility (the “Wells Fargo Facility”) among the lenders party thereto, and Wells Fargo Bank, National Association.. The maturity date of the Wells Fargo Facility is August 1, 2027. As of September 30, 2024, there was $0.0 outstanding borrowings under the Wells Fargo Facility.

Borrowings under the Wells Fargo Facility bore interest at a per annum rate equal to SOFR + 1.50%.

6

Blue Owl Credit SLF LLC

Supplemental Financial Information (Unaudited)

Debt obligations consisted of the following as of September 30, 2024:

	As of
	September 30, 2024
($ in thousands)	Aggregate Principal Committed		Outstanding Principal		Amount Available(1)		Net Carrying Value(2)
Bank of America Facility	$	300,000	$	11,674	$	20,791	$	11,179
RBC Facility	300,000		9,683		22,781		9,300
Citibank Facility	300,000		11,674		20,791		11,295
Wells Fargo Facility	300,000		—		15,271		(448)
Total Debt	$	1,200,000	$	33,031	$	79,634	$	31,326

(1)The amount available reflects any collateral related limitations at the Company level related to each credit facility’s borrowing base.

(2)The carrying value of the Bank of America Facility, RBC Facility, Citibank Facility, and Wells Fargo Facility are presented net of unamortized costs of $0.5 million, $0.4 million, $0.4 million, and $0.4 million respectively.

The table below presents the components of interest expense for the following periods:

	For the Three Months Ended September 30,			For the Nine Months Ended September 30,
($ in thousands)	2024(1)			2024(1)
Interest expense	$	339		$	394
Amortization of debt issuance costs	119			134
Total Interest Expense	$	458		$	528
Average interest rate(2)	8.3		%	7.6		%
Average daily outstanding borrowings(2)	$	16,110		$	16,110

(1)The Company commenced operations on May 6, 2024.

(2)Averages are calculated based on annualized amounts.

7

XML

Cover - shares	9 Months Ended
	Sep. 30, 2024	Nov. 08, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	000-55977
Entity Registrant Name	BLUE OWL TECHNOLOGY FINANCE CORP.
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	83-1273258
Entity Address, Address Line One	399 Park Avenue
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10022
City Area Code	212
Local Phone Number	419-3000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		210,978,842
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Entity Central Index Key	0001747777
Current Fiscal Year End Date	--12-31

XML

Consolidated Statements of Assets and Liabilities - USD ($) $ in Thousands	Sep. 30, 2024		Dec. 31, 2023
Assets
Investments at fair value	$ 6,396,848	[1],[2],[3]	$ 6,132,022	[4],[5],[6],[7]
Cash	186,475		469,017
Interest receivable	58,390		44,188
Dividend income receivable	5,302		5,842
Prepaid expenses and other assets	38,009		1,114
Total Assets	6,685,024		6,652,183
Liabilities
Debt (net of unamortized debt issuance costs of $29,267 and $35,064, respectively)	2,961,207		2,947,329
Management fee payable	14,070		14,252
Distribution payable	76,545		76,883
Incentive fee payable	10,251		17,915
Payable for investments purchased	0		24,163
Accrued expenses and other liabilities	46,194		40,528
Total Liabilities	3,109,513		3,122,189
Commitments and contingencies (Note 7)
Net Assets
Common shares $0.01 par value, 500,000,000 shares authorized; 210,978,842 and 207,252,229 shares issued and outstanding, respectively	2,110		2,073
Additional paid-in-capital	3,343,748		3,280,766
Accumulated undistributed (overdistributed) earnings	229,653		247,155
Total Net Assets	3,575,511		3,529,994
Total Liabilities and Net Assets	$ 6,685,024		$ 6,652,183
Net Asset Value Per Share (in usd per share)	$ 16.95		$ 17.03
Affiliated Entity
Liabilities
Payables to affiliates	$ 1,246		$ 1,119
Non-controlled, non-affiliated investments
Assets
Investments at fair value	5,911,819		5,793,420
Non-controlled, affiliated investments
Assets
Investments at fair value	376,399		272,093
Controlled, affiliated investments
Assets
Investments at fair value	$ 108,630		$ 66,509

[1] Certain portfolio company investments are subject to contractual restrictions on sales. Refer to footnote 19 for additional information on our restricted securities.

[2] Unless otherwise indicated, all investments are non-controlled, non-affiliated investments. Non-controlled, non-affiliated investments are defined as investments in which the Company owns less than 5% of the portfolio company’s outstanding voting securities and does not have the power to exercise control over the management or policies of such portfolio company.

[3] Unless otherwise indicated, the Company’s portfolio companies are pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility, SPV Asset Facility I, SPV Asset Facility II and CLO 2020-1. See Note 5 “Debt”.

[4] Certain portfolio company investments are subject to contractual restrictions on sales. Refer to footnote 19 for additional information on our restricted securities.

[5] Unless otherwise indicated, all investments are considered Level 3 investments.

[6] Unless otherwise indicated, all investments are non-controlled, non-affiliated investments. Non-controlled, non-affiliated investments are defined as investments in which the Company owns less than 5% of the portfolio company’s outstanding voting securities and does not have the power to exercise control over the management or policies of such portfolio company.

[7] Unless otherwise indicated, the Company’s portfolio companies are pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility, SPV Asset Facility I, SPV Asset Facility II and CLO 2020-1. See Note 5 “Debt”.

XML

Consolidated Statements of Assets and Liabilities (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2024		Dec. 31, 2023
Amortized cost	$ 6,420,607	[1],[2],[3],[4],[5]	$ 6,213,226	[6],[7],[8],[9],[10],[11]
Unamortized debt issuance costs	$ 29,267		$ 35,064
Common stock, par value (in usd per share)	$ 0.01		$ 0.01
Common stock, shares authorized (in shares)	500,000,000		500,000,000
Common stock, shares issued (in shares)	210,978,842		207,252,229
Common stock, shares outstanding (in shares)	210,978,842		207,252,229
Non-controlled, non-affiliated investments
Amortized cost	$ 5,947,435	[1],[3]	$ 5,841,371	[6],[8]
Non-controlled, affiliated investments
Amortized cost	395,721	[1],[3]	296,593	[6],[8]
Controlled, affiliated investments
Amortized cost	$ 77,451	[1],[3]	$ 75,262	[6],[8]

[1] As of September 30, 2024, the net estimated unrealized loss on investments for U.S. federal income tax purposes was $29.3 million based on a tax cost basis of $6.43 billion. As of September 30, 2024, the estimated aggregate gross unrealized loss for U.S. federal income tax purposes was $190.0 million and the estimated aggregate gross unrealized gain for U.S. federal income tax purposes was $160.7 million.

[2] Certain portfolio company investments are subject to contractual restrictions on sales. Refer to footnote 19 for additional information on our restricted securities.

[3] The amortized cost represents the original cost adjusted for the amortization or accretion of premium or discount, as applicable, on debt investments using the effective interest method.

[4] Unless otherwise indicated, all investments are non-controlled, non-affiliated investments. Non-controlled, non-affiliated investments are defined as investments in which the Company owns less than 5% of the portfolio company’s outstanding voting securities and does not have the power to exercise control over the management or policies of such portfolio company.

[5] Unless otherwise indicated, the Company’s portfolio companies are pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility, SPV Asset Facility I, SPV Asset Facility II and CLO 2020-1. See Note 5 “Debt”.

[6] As of December 31, 2023, the net estimated unrealized loss on investments for U.S. federal income tax purposes was $25.4 million based on a tax cost basis of $6.2 billion. As of December 31, 2023, the estimated aggregate gross unrealized loss for U.S. federal income tax purposes was $160.4 million and the estimated aggregate gross unrealized gain for U.S. federal income tax purposes was $135.0 million.

[7] Certain portfolio company investments are subject to contractual restrictions on sales. Refer to footnote 19 for additional information on our restricted securities.

[8] The amortized cost represents the original cost adjusted for the amortization or accretion of premium or discount, as applicable, on debt investments using the effective interest method.

[9] Unless otherwise indicated, all investments are considered Level 3 investments.

[10] Unless otherwise indicated, all investments are non-controlled, non-affiliated investments. Non-controlled, non-affiliated investments are defined as investments in which the Company owns less than 5% of the portfolio company’s outstanding voting securities and does not have the power to exercise control over the management or policies of such portfolio company.

[11] Unless otherwise indicated, the Company’s portfolio companies are pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility, SPV Asset Facility I, SPV Asset Facility II and CLO 2020-1. See Note 5 “Debt”.

XML

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Investment Income
Payment-in-kind interest income	$ 25,469	$ 23,412	$ 84,538	$ 85,336
Payment-in-kind dividend income	10,378	8,860	29,630	26,228
Total Investment Income	170,908	173,025	517,339	505,709
Expenses
Interest expense	48,278	49,657	145,984	146,448
Management fees	14,071	14,646	42,018	44,101
Incentive fees	10,251	6,196	24,341	29,727
Professional fees	1,670	2,372	4,986	6,598
Directors' fees	259	320	775	773
Other general and administrative	1,275	174	3,961	3,178
Total Expenses	75,804	73,365	222,065	230,825
Net Investment Income (Loss) Before Taxes	95,104	99,660	295,274	274,884
Income tax expense (benefit), including excise tax expense (benefit)	2,846	2,580	8,583	8,970
Net Investment Income (Loss) After Taxes	92,258	97,080	286,691	265,914
Net Change in Unrealized Gain (Loss)
Net change in unrealized gain (loss)			37,754	(6,190)
Translation of assets and liabilities in foreign currencies	922	(453)	793	(161)
Total Net Change in Unrealized Gain (Loss)	109,688	(63,746)	38,547	(6,351)
Net Realized Gain (Loss):
Non-controlled, non-affiliated investments			(105,320)	8,037
Foreign currency transactions	440	10	(1,391)	(55)
Total Net Realized Gain (Loss)	(82,408)	23,470	(106,711)	7,982
Total Net Realized and Change in Unrealized Gain (Loss)	27,280	(40,276)	(68,164)	1,631
Net Increase (Decrease) in Net Assets Resulting from Operations	$ 119,538	$ 56,804	$ 218,527	$ 267,545
Earnings (Loss) Per Share - Basic (in usd per share)	$ 0.57	$ 0.28	$ 1.04	$ 1.31
Earnings (Loss) Per Share - Diluted (in usd per share)	$ 0.57	$ 0.28	$ 1.04	$ 1.31
Weighted Average Shares Outstanding - Basic (in shares)	210,331,300	205,474,428	209,162,895	204,446,780
Weighted Average Shares Outstanding - Diluted (in shares)	210,331,300	205,474,428	209,162,895	204,446,780
Non-controlled, non-affiliated investments
Investment Income
Interest income	$ 131,461	$ 138,751	$ 391,698	$ 388,427
Payment-in-kind interest income	24,994	23,412	84,063	85,336
Dividend income	599	515	1,627	1,190
Payment-in-kind dividend income	7,371	6,100	20,929	18,268
Other income	939	1,043	5,089	3,589
Total Investment Income	165,364	169,821	503,406	496,810
Net Change in Unrealized Gain (Loss)
Net change in unrealized gain (loss)	57,725	(59,501)	(7,355)	3,277
Net Realized Gain (Loss):
Non-controlled, non-affiliated investments	(65,983)	23,460	(88,455)	8,037
Non-controlled, affiliated investments
Investment Income
Interest income	275	0	275	0
Payment-in-kind interest income	475	0	475	0
Dividend income	1,774	444	4,463	939
Payment-in-kind dividend income	3,007	2,760	8,701	7,960
Other income	13	0	19	0
Total Investment Income	5,544	3,204	13,933	8,899
Net Change in Unrealized Gain (Loss)
Net change in unrealized gain (loss)	13,135	(3,792)	5,177	(9,467)
Net Realized Gain (Loss):
Non-controlled, non-affiliated investments	(16,865)	0	(16,865)	0
Controlled, affiliated investments
Net Change in Unrealized Gain (Loss)
Net change in unrealized gain (loss)	$ 37,906	$ 0	39,932	$ 0
Net Realized Gain (Loss):
Non-controlled, non-affiliated investments			$ 0

XML

Consolidated Schedule of Investments € in Thousands, £ in Thousands, $ in Thousands		Sep. 30, 2024 USD ($) shares		Sep. 30, 2024 GBP (£) shares		Sep. 30, 2024 EUR (€) shares		Dec. 31, 2023 USD ($) shares		Dec. 31, 2023 GBP (£) shares		Dec. 31, 2023 EUR (€) shares		Dec. 31, 2022 USD ($)
Schedule of Investments [Line Items]
Amortized Cost		$ 6,420,607	[1],[2],[3],[4],[5]					$ 6,213,226	[6],[7],[8],[9],[10],[11]
Fair Value		$ 6,396,848	[2],[4],[5]					$ 6,132,022	[7],[9],[10],[11]
Percentage of Net Assets		178.90%	[2],[4],[5]	178.90%	[2],[4],[5]	178.90%	[2],[4],[5]	173.70%	[7],[9],[10],[11]	173.70%	[7],[9],[10],[11]	173.70%	[7],[9],[10],[11]
Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Amortized Cost		$ 5,947,435	[1],[3]					$ 5,841,371	[6],[8]
Fair Value		$ 5,911,819						$ 5,793,420
Percentage of Net Assets		165.30%		165.30%		165.30%		164.10%		164.10%		164.10%
Non-controlled, affiliated investments
Schedule of Investments [Line Items]
Amortized Cost		$ 395,721	[1],[3]					$ 296,593	[6],[8]
Fair Value		$ 376,399						$ 272,093						$ 231,367
Percentage of Net Assets		10.50%		10.50%		10.50%		7.70%		7.70%		7.70%
Controlled, affiliated investments
Schedule of Investments [Line Items]
Amortized Cost		$ 77,451	[1],[3]					$ 75,262	[6],[8]
Fair Value		$ 108,630						$ 66,509						66,509
Percentage of Net Assets		3.10%		3.10%		3.10%		1.90%		1.90%		1.90%
Debt Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Par / Units								$ 4,843,349
Amortized Cost		$ 5,041,715	[1],[3]					4,870,032	[6],[8]
Fair Value		$ 5,045,092						$ 4,851,651
Percentage of Net Assets		141.20%		141.20%		141.20%		137.40%		137.40%		137.40%
Debt Securities | Non-controlled, affiliated investments
Schedule of Investments [Line Items]
Par / Units
Amortized Cost		$ 77,191	[1],[3]					13,886	[6],[8]
Fair Value		$ 69,316						$ 13,969
Percentage of Net Assets		1.80%		1.80%		1.80%		0.40%		0.40%		0.40%
Equity Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Amortized Cost		$ 905,720	[1],[3]					$ 971,339	[6],[8]
Fair Value		$ 866,727						$ 941,769
Percentage of Net Assets		24.10%		24.10%		24.10%		26.70%		26.70%		26.70%
Equity Securities | Non-controlled, affiliated investments
Schedule of Investments [Line Items]
Amortized Cost		$ 318,530	[1],[3]					$ 282,707	[6],[8]
Fair Value		$ 307,083						$ 258,124
Percentage of Net Assets		8.70%		8.70%		8.70%		7.30%		7.30%		7.30%
Equity Securities | Controlled, affiliated investments
Schedule of Investments [Line Items]
Amortized Cost		$ 77,451	[1],[3]					$ 75,262	[6],[8]
Fair Value		$ 108,630						$ 66,509
Percentage of Net Assets		3.10%		3.10%		3.10%		1.90%		1.90%		1.90%
Aerospace & Defense | Debt Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Par / Units								$ 91,803
Amortized Cost		$ 90,730						90,726
Fair Value		$ 86,170						$ 91,108
Percentage of Net Assets		2.40%		2.40%		2.40%		2.60%		2.60%		2.60%
Aerospace & Defense | Equity Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Amortized Cost		$ 27,024						$ 27,024
Fair Value		$ 56,399						$ 46,326
Percentage of Net Assets		1.60%		1.60%		1.60%		1.30%		1.30%		1.30%
Application Software | Debt Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Par / Units								$ 724,911
Amortized Cost		$ 753,836						716,427
Fair Value		$ 758,154						$ 719,441
Percentage of Net Assets		21.20%		21.20%		21.20%		20.40%		20.40%		20.40%
Application Software | Equity Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Amortized Cost		$ 132,698						$ 122,844
Fair Value		$ 140,558						$ 138,522
Percentage of Net Assets		4.00%		4.00%		4.00%		3.80%		3.80%		3.80%
Banks | Debt Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Par / Units								$ 74,063
Amortized Cost		$ 74,409						73,267
Fair Value		$ 75,186						$ 73,267
Percentage of Net Assets		2.10%		2.10%		2.10%		2.10%		2.10%		2.10%
Building Products | Debt Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Par / Units								$ 55,331
Amortized Cost		$ 55,755						54,852
Fair Value		$ 56,199						$ 55,331
Percentage of Net Assets		1.60%		1.60%		1.60%		1.50%		1.50%		1.50%
Buildings & Real Estate | Debt Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Amortized Cost		$ 68,727
Fair Value		$ 68,916
Percentage of Net Assets		1.90%		1.90%		1.90%
Commercial Services & Supplies | Debt Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Par / Units								$ 838
Amortized Cost		$ 16,038						824
Fair Value		$ 16,044						$ 830
Percentage of Net Assets		0.40%		0.40%		0.40%		0.00%		0.00%		0.00%
Consumer Finance | Debt Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Par / Units								$ 25,000
Amortized Cost		$ 32,667						19,180
Fair Value		$ 32,667						$ 20,455
Percentage of Net Assets		0.90%		0.90%		0.90%		0.60%		0.60%		0.60%
Diversified Consumer Services | Debt Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Par / Units								$ 292,054
Amortized Cost		$ 234,502						289,850
Fair Value		$ 234,615						$ 292,054
Percentage of Net Assets		6.60%		6.60%		6.60%		8.20%		8.20%		8.20%
Diversified Consumer Services | Equity Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Amortized Cost		$ 15,256						$ 15,217
Fair Value		$ 17,010						$ 18,110
Percentage of Net Assets		0.50%		0.50%		0.50%		0.50%		0.50%		0.50%
Diversified Financial Services | Debt Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Par / Units								$ 260,151
Amortized Cost		$ 327,658						317,516
Fair Value		$ 333,350						$ 307,658
Percentage of Net Assets		9.40%		9.40%		9.40%		8.70%		8.70%		8.70%
Diversified Financial Services | Equity Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Amortized Cost		$ 15,717						$ 8,168
Fair Value		$ 15,466						$ 6,376
Percentage of Net Assets		0.30%		0.30%		0.30%		0.10%		0.10%		0.10%
Diversified Financial Services | Equity Securities | Controlled, affiliated investments
Schedule of Investments [Line Items]
Amortized Cost		$ 75,262						$ 75,262
Fair Value		$ 106,443						$ 66,509
Percentage of Net Assets		3.00%		3.00%		3.00%		1.90%		1.90%		1.90%
Energy Equipment & Services | Debt Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Par / Units								$ 125,573
Amortized Cost		$ 121,276						124,980
Fair Value		$ 121,622						$ 125,294
Percentage of Net Assets		3.40%		3.40%		3.40%		3.60%		3.60%		3.60%
Entertainment | Debt Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Amortized Cost		$ 122,904
Fair Value		$ 122,864
Percentage of Net Assets		3.40%		3.40%		3.40%
Equity Real Estate Investment Trusts (REITs) | Debt Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Amortized Cost		$ 4,943
Fair Value		$ 4,983
Percentage of Net Assets		0.10%		0.10%		0.10%
Food & Staples Retailing | Debt Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Par / Units								$ 24,436
Amortized Cost		$ 25,199						24,014
Fair Value		$ 25,199						$ 24,180
Percentage of Net Assets		0.70%		0.70%		0.70%		0.70%		0.70%		0.70%
Health Care Providers & Services | Debt Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Par / Units								$ 61,766
Amortized Cost		$ 59,991						60,814
Fair Value		$ 59,790						$ 60,808
Percentage of Net Assets		1.70%		1.70%		1.70%		1.70%		1.70%		1.70%
Health Care Providers & Services | Equity Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Amortized Cost		$ 6,443						$ 5,917
Fair Value		$ 6,384						$ 5,916
Percentage of Net Assets		0.10%		0.10%		0.10%		0.20%		0.20%		0.20%
Health Care Technology | Debt Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Par / Units								$ 837,290
Amortized Cost		$ 951,303						828,884
Fair Value		$ 950,384						$ 825,635
Percentage of Net Assets		26.50%		26.50%		26.50%		23.20%		23.20%		23.20%
Health Care Technology | Equity Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Amortized Cost		$ 67,592						$ 61,286
Fair Value		$ 66,581						$ 60,333
Percentage of Net Assets		1.80%		1.80%		1.80%		1.60%		1.60%		1.60%
Hotels, Restaurants & Leisure | Debt Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Par / Units								$ 76,739
Amortized Cost		$ 91,885						76,525
Fair Value		$ 91,947						$ 76,320
Percentage of Net Assets		2.50%		2.50%		2.50%		2.20%		2.20%		2.20%
Hotels, Restaurants & Leisure | Equity Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Amortized Cost		$ 29,446						$ 70,954
Fair Value		$ 30,109						$ 80,337
Percentage of Net Assets		0.80%		0.80%		0.80%		2.30%		2.30%		2.30%
Household Durables | Debt Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Par / Units								$ 78,695
Amortized Cost		$ 82,348						78,145
Fair Value		$ 82,772						$ 78,695
Percentage of Net Assets		2.30%		2.30%		2.30%		2.20%		2.20%		2.20%
Industrial Conglomerates | Debt Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Par / Units								$ 87,021
Amortized Cost		$ 91,459						85,661
Fair Value		$ 91,474						$ 85,545
Percentage of Net Assets		2.60%		2.60%		2.60%		2.40%		2.40%		2.40%
Insurance | Debt Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Par / Units								$ 52,448
Amortized Cost		$ 61,801						52,075
Fair Value		$ 61,424						$ 51,900
Percentage of Net Assets		1.70%		1.70%		1.70%		1.40%		1.40%		1.40%
Insurance | Equity Securities | Non-controlled, affiliated investments
Schedule of Investments [Line Items]
Amortized Cost		$ 74,324						$ 43,904
Fair Value		$ 79,219						$ 43,904
Percentage of Net Assets		2.20%		2.20%		2.20%		1.20%		1.20%		1.20%
Internet & Direct Marketing Retail | Debt Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Amortized Cost		$ 26,496
Fair Value		$ 28,005
Percentage of Net Assets		0.80%		0.80%		0.80%
IT Services | Debt Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Par / Units								$ 183,305
Amortized Cost		$ 16,133						182,033
Fair Value		$ 16,386						$ 177,754
Percentage of Net Assets		0.40%		0.40%		0.40%		5.00%		5.00%		5.00%
IT Services | Debt Securities | Non-controlled, affiliated investments
Schedule of Investments [Line Items]
Amortized Cost		$ 60,714
Fair Value		$ 60,714
Percentage of Net Assets		1.60%		1.60%		1.60%
IT Services | Equity Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Amortized Cost		$ 169,761						$ 161,984
Fair Value		$ 132,945						$ 133,519
Percentage of Net Assets		3.70%		3.70%		3.70%		3.90%		3.90%		3.90%
IT Services | Equity Securities | Non-controlled, affiliated investments
Schedule of Investments [Line Items]
Amortized Cost		$ 26,850
Fair Value		$ 26,850
Percentage of Net Assets		0.80%		0.80%		0.80%
Life Sciences Tools & Services | Debt Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Par / Units								$ 8,039
Amortized Cost		$ 8,431						7,939
Fair Value		$ 8,866						$ 8,066
Percentage of Net Assets		0.20%		0.20%		0.20%		0.20%		0.20%		0.20%
Media | Debt Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Amortized Cost		$ 58,326
Fair Value		$ 58,477
Percentage of Net Assets		1.60%		1.60%		1.60%
Multiline Retail | Debt Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Amortized Cost		$ 8,855
Fair Value		$ 8,902
Percentage of Net Assets		0.20%		0.20%		0.20%
Pharmaceuticals | Debt Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Par / Units								$ 13,000
Amortized Cost		$ 54,447						12,710
Fair Value		$ 54,441						$ 12,685
Percentage of Net Assets		1.40%		1.40%		1.40%		0.40%		0.40%		0.40%
Pharmaceuticals | Equity Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Amortized Cost		$ 82						$ 82
Fair Value		$ 148						$ 82
Percentage of Net Assets		0.00%		0.00%		0.00%		0.00%		0.00%		0.00%
Pharmaceuticals | Equity Securities | Non-controlled, affiliated investments
Schedule of Investments [Line Items]
Amortized Cost		$ 15,300						$ 12,396
Fair Value		$ 16,370						$ 12,992
Percentage of Net Assets		0.50%		0.50%		0.50%		0.40%		0.40%		0.40%
Professional Services | Debt Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Par / Units								$ 428,231
Amortized Cost		$ 314,528						424,997
Fair Value		$ 308,914						$ 422,214
Percentage of Net Assets		8.70%		8.70%		8.70%		12.00%		12.00%		12.00%
Professional Services | Equity Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Amortized Cost		$ 55,750						$ 50,650
Fair Value		$ 49,246						$ 46,976
Percentage of Net Assets		1.40%		1.40%		1.40%		1.50%		1.50%		1.50%
Real Estate Management & Development | Debt Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Par / Units								$ 53,397
Amortized Cost		$ 52,861						52,804
Fair Value		$ 51,176						$ 53,251
Percentage of Net Assets		1.40%		1.40%		1.40%		1.50%		1.50%		1.50%
Systems Software | Debt Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Par / Units								$ 1,169,258
Amortized Cost		$ 1,234,207						1,177,168
Fair Value		$ 1,236,165						$ 1,171,160
Percentage of Net Assets		35.10%		35.10%		35.10%		33.40%		33.40%		33.40%
Systems Software | Equity Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Amortized Cost		$ 234,559						$ 231,486
Fair Value		$ 220,118						$ 252,562
Percentage of Net Assets		6.30%		6.30%		6.30%		7.10%		7.10%		7.10%
Systems Software | Equity Securities | Non-controlled, affiliated investments
Schedule of Investments [Line Items]
Amortized Cost		$ 59,379						$ 89,384
Fair Value		$ 63,429						$ 89,705
Percentage of Net Assets		1.80%		1.80%		1.80%		2.60%		2.60%		2.60%
Thrifts & Mortgage Finance | Debt Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Par / Units								$ 70,000
Amortized Cost								69,043
Fair Value								$ 68,250
Percentage of Net Assets								1.90%		1.90%		1.90%
Thrifts & Mortgage Finance | Equity Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Amortized Cost		$ 4,625						$ 4,625
Fair Value		$ 830						$ 568
Percentage of Net Assets		0.00%		0.00%		0.00%		0.00%		0.00%		0.00%
Construction & Engineering | Equity Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Amortized Cost		$ 2,910						$ 2,910
Fair Value		$ 1,436						$ 2,330
Percentage of Net Assets		0.00%		0.00%		0.00%		0.10%		0.10%		0.10%
Road & Rail | Equity Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Amortized Cost		$ 11,318						$ 11,318
Fair Value		$ 10,777						$ 10,667
Percentage of Net Assets		0.30%		0.30%		0.30%		0.30%		0.30%		0.30%
Internet & Direct Marketing Retail | Debt Securities | Non-controlled, affiliated investments
Schedule of Investments [Line Items]
Par / Units
Amortized Cost		$ 16,477						13,886
Fair Value		$ 8,602						$ 13,969
Percentage of Net Assets		0.20%		0.20%		0.20%		0.40%		0.40%		0.40%
Internet & Direct Marketing Retail | Equity Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Amortized Cost		$ 132,539						$ 132,539
Fair Value		$ 118,720						$ 108,365
Percentage of Net Assets		3.30%		3.30%		3.30%		3.10%		3.10%		3.10%
Internet & Direct Marketing Retail | Equity Securities | Non-controlled, affiliated investments
Schedule of Investments [Line Items]
Amortized Cost		$ 142,677						$ 137,023
Fair Value		$ 121,215						$ 111,523
Percentage of Net Assets		3.40%		3.40%		3.40%		3.10%		3.10%		3.10%
Electrical Equipment | Debt Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Par / Units								$ 50,000
Amortized Cost								49,598
Fair Value								$ 49,750
Percentage of Net Assets								1.50%		1.50%		1.50%
Capital Markets | Equity Securities | Non-controlled, non-affiliated investments
Schedule of Investments [Line Items]
Amortized Cost								$ 64,335
Fair Value								$ 30,780
Percentage of Net Assets								0.90%		0.90%		0.90%
Joint Ventures | Equity Securities | Controlled, affiliated investments
Schedule of Investments [Line Items]
Amortized Cost		$ 2,189
Fair Value		$ 2,187
Percentage of Net Assets		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: 3ES Innovation Inc. (dba Aucerna), First lien senior secured loan
Schedule of Investments [Line Items]
Interest		6.50%	[12],[13],[14],[15]	6.50%	[12],[13],[14],[15]	6.50%	[12],[13],[14],[15]	6.75%	[16],[17],[18],[19]	6.75%	[16],[17],[18],[19]	6.75%	[16],[17],[18],[19]
Par / Units		$ 70,050	[12],[13],[14],[15]					$ 70,601	[16],[17],[18],[19]
Amortized Cost		69,922	[12],[13],[14],[15]					70,324	[16],[17],[18],[19]
Fair Value		$ 70,050	[12],[13],[14],[15]					$ 70,601	[16],[17],[18],[19]
Percentage of Net Assets		2.00%	[12],[13],[14],[15]	2.00%	[12],[13],[14],[15]	2.00%	[12],[13],[14],[15]	2.00%	[16],[17],[18],[19]	2.00%	[16],[17],[18],[19]	2.00%	[16],[17],[18],[19]
Investment, Identifier [Axis]: 3ES Innovation Inc. (dba Aucerna), First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		6.50%	[12],[14],[15],[20],[21]	6.50%	[12],[14],[15],[20],[21]	6.50%	[12],[14],[15],[20],[21]	6.75%	[17],[18],[19],[22],[23]	6.75%	[17],[18],[19],[22],[23]	6.75%	[17],[18],[19],[22],[23]
Par / Units		$ 0	[12],[14],[15],[20],[21]					$ 3,000	[17],[18],[19],[22],[23]
Amortized Cost		(6)	[12],[14],[15],[20],[21]					2,987	[17],[18],[19],[22],[23]
Fair Value		$ 0	[12],[14],[15],[20],[21]					$ 3,000	[17],[18],[19],[22],[23]
Percentage of Net Assets		0.00%	[12],[14],[15],[20],[21]	0.00%	[12],[14],[15],[20],[21]	0.00%	[12],[14],[15],[20],[21]	0.10%	[17],[18],[19],[22],[23]	0.10%	[17],[18],[19],[22],[23]	0.10%	[17],[18],[19],[22],[23]
Investment, Identifier [Axis]: 6Sense Insights, Inc., Series E-1 Preferred Stock
Schedule of Investments [Line Items]
Units (in shares) | shares		1,264,514	[14],[24],[25]	1,264,514	[14],[24],[25]	1,264,514	[14],[24],[25]	1,264,514	[18],[26],[27]	1,264,514	[18],[26],[27]	1,264,514	[18],[26],[27]
Amortized Cost		$ 40,066	[14],[24],[25]					$ 40,066	[18],[26],[27]
Fair Value		$ 31,140	[14],[24],[25]					$ 33,456	[18],[26],[27]
Percentage of Net Assets		0.90%	[14],[24],[25]	0.90%	[14],[24],[25]	0.90%	[14],[24],[25]	0.90%	[18],[26],[27]	0.90%	[18],[26],[27]	0.90%	[18],[26],[27]
Investment, Identifier [Axis]: AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC, First lien senior secured loan
Schedule of Investments [Line Items]
Interest, PIK		12.00%	[14],[28]	12.00%	[14],[28]	12.00%	[14],[28]	12.00%	[18],[29]	12.00%	[18],[29]	12.00%	[18],[29]
Par / Units		$ 2,363	[14],[28]					$ 2,196	[18],[29]
Amortized Cost		2,363	[14],[28]					2,196	[18],[29]
Fair Value		$ 2,363	[14],[28]					$ 2,196	[18],[29]
Percentage of Net Assets		0.10%	[14],[28]	0.10%	[14],[28]	0.10%	[14],[28]	0.10%	[18],[29]	0.10%	[18],[29]	0.10%	[18],[29]
Investment, Identifier [Axis]: AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC, LLC Interest
Schedule of Investments [Line Items]
Par / Units	[14],[15],[20],[24],[25]	$ 1,487
Amortized Cost	[14],[15],[20],[24],[25]	1,487
Fair Value	[14],[15],[20],[24],[25]	$ 1,731
Percentage of Net Assets	[14],[15],[20],[24],[25]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC, LLC Interest
Schedule of Investments [Line Items]
Par / Units	[18],[19],[23],[26],[27]							$ 1,406
Amortized Cost	[18],[19],[23],[26],[27]							1,405
Fair Value	[18],[19],[23],[26],[27]							$ 1,406
Percentage of Net Assets	[18],[19],[23],[26],[27]							0.00%		0.00%		0.00%
Investment, Identifier [Axis]: AAM Series 2.1 Aviation Feeder, LLC, First lien senior secured loan
Schedule of Investments [Line Items]
Interest, PIK		12.00%	[14],[28]	12.00%	[14],[28]	12.00%	[14],[28]	12.00%	[18],[29]	12.00%	[18],[29]	12.00%	[18],[29]
Par / Units		$ 2,218	[14],[28]					$ 2,609	[18],[29]
Amortized Cost		2,218	[14],[28]					2,609	[18],[29]
Fair Value		$ 2,218	[14],[28]					$ 2,609	[18],[29]
Percentage of Net Assets		0.10%	[14],[28]	0.10%	[14],[28]	0.10%	[14],[28]	0.10%	[18],[29]	0.10%	[18],[29]	0.10%	[18],[29]
Investment, Identifier [Axis]: AAM Series 2.1 Aviation Feeder, LLC, LLC Interest
Schedule of Investments [Line Items]
Par / Units	[14],[15],[20],[24],[25]	$ 962
Amortized Cost	[14],[15],[20],[24],[25]	965
Fair Value	[14],[15],[20],[24],[25]	$ 989
Percentage of Net Assets	[14],[15],[20],[24],[25]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: AAM Series 2.1 Aviation Feeder, LLC, LLC Interest
Schedule of Investments [Line Items]
Par / Units	[18],[19],[23],[26],[27]							$ 1,750
Amortized Cost	[18],[19],[23],[26],[27]							1,751
Fair Value	[18],[19],[23],[26],[27]							$ 1,750
Percentage of Net Assets	[18],[19],[23],[26],[27]							0.00%		0.00%		0.00%
Investment, Identifier [Axis]: AI Titan Parent, Inc. (dba Prometheus Group), First lien senior secured delayed draw term loan
Schedule of Investments [Line Items]
Interest	[12],[14],[20],[21],[30]	4.75%		4.75%		4.75%
Par / Units	[12],[14],[20],[21],[30]	$ 0
Amortized Cost	[12],[14],[20],[21],[30]	(22)
Fair Value	[12],[14],[20],[21],[30]	$ (23)
Percentage of Net Assets	[12],[14],[20],[21],[30]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: AI Titan Parent, Inc. (dba Prometheus Group), First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[12],[14],[31]	4.75%		4.75%		4.75%
Par / Units	[12],[14],[31]	$ 22,642
Amortized Cost	[12],[14],[31]	22,417
Fair Value	[12],[14],[31]	$ 22,415
Percentage of Net Assets	[12],[14],[31]	0.60%		0.60%		0.60%
Investment, Identifier [Axis]: AI Titan Parent, Inc. (dba Prometheus Group), First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest	[12],[14],[20],[21]	4.75%		4.75%		4.75%
Par / Units	[12],[14],[20],[21]	$ 0
Amortized Cost	[12],[14],[20],[21]	(28)
Fair Value	[12],[14],[20],[21]	$ (28)
Percentage of Net Assets	[12],[14],[20],[21]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Acquia Inc., First lien senior secured loan
Schedule of Investments [Line Items]
Interest		7.00%	[12],[31]	7.00%	[12],[31]	7.00%	[12],[31]	7.00%	[17],[32]	7.00%	[17],[32]	7.00%	[17],[32]
Par / Units		$ 176,509	[12],[31]					$ 176,509	[17],[32]
Amortized Cost		175,992	[12],[31]					175,657	[17],[32]
Fair Value		$ 176,509	[12],[31]					$ 176,509	[17],[32]
Percentage of Net Assets		5.00%	[12],[31]	5.00%	[12],[31]	5.00%	[12],[31]	5.00%	[17],[32]	5.00%	[17],[32]	5.00%	[17],[32]
Investment, Identifier [Axis]: Acquia Inc., First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		7.00%	[12],[20],[31]	7.00%	[12],[20],[31]	7.00%	[12],[20],[31]	7.00%	[17],[23],[32]	7.00%	[17],[23],[32]	7.00%	[17],[23],[32]
Par / Units		$ 4,716	[12],[20],[31]					$ 5,800	[17],[23],[32]
Amortized Cost		4,694	[12],[20],[31]					5,764	[17],[23],[32]
Fair Value		$ 4,716	[12],[20],[31]					$ 5,800	[17],[23],[32]
Percentage of Net Assets		0.10%	[12],[20],[31]	0.10%	[12],[20],[31]	0.10%	[12],[20],[31]	0.20%	[17],[23],[32]	0.20%	[17],[23],[32]	0.20%	[17],[23],[32]
Investment, Identifier [Axis]: Activate Holdings (US) Corp. (dba Absolute Software), First lien senior secured loan
Schedule of Investments [Line Items]
Interest		5.25%	[12],[14],[15],[31]	5.25%	[12],[14],[15],[31]	5.25%	[12],[14],[15],[31]	6.75%	[16],[17],[18],[19]	6.75%	[16],[17],[18],[19]	6.75%	[16],[17],[18],[19]
Par / Units		$ 5,725	[12],[14],[15],[31]					$ 4,636	[16],[17],[18],[19]
Amortized Cost		5,703	[12],[14],[15],[31]					4,515	[16],[17],[18],[19]
Fair Value		$ 5,717	[12],[14],[15],[31]					$ 4,520	[16],[17],[18],[19]
Percentage of Net Assets		0.20%	[12],[14],[15],[31]	0.20%	[12],[14],[15],[31]	0.20%	[12],[14],[15],[31]	0.10%	[16],[17],[18],[19]	0.10%	[16],[17],[18],[19]	0.10%	[16],[17],[18],[19]
Investment, Identifier [Axis]: Activate Holdings (US) Corp. (dba Absolute Software), First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		5.25%	[12],[14],[15],[20],[21]	5.25%	[12],[14],[15],[20],[21]	5.25%	[12],[14],[15],[20],[21]	6.75%	[16],[17],[18],[19],[23]	6.75%	[16],[17],[18],[19],[23]	6.75%	[16],[17],[18],[19],[23]
Par / Units		$ 0	[12],[14],[15],[20],[21]					$ 70	[16],[17],[18],[19],[23]
Amortized Cost		(1)	[12],[14],[15],[20],[21]					61	[16],[17],[18],[19],[23]
Fair Value		$ (1)	[12],[14],[15],[20],[21]					$ 62	[16],[17],[18],[19],[23]
Percentage of Net Assets		0.00%	[12],[14],[15],[20],[21]	0.00%	[12],[14],[15],[20],[21]	0.00%	[12],[14],[15],[20],[21]	0.00%	[16],[17],[18],[19],[23]	0.00%	[16],[17],[18],[19],[23]	0.00%	[16],[17],[18],[19],[23]
Investment, Identifier [Axis]: Aerosmith Bidco Limited (dba Audiotonix), First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[12],[14],[15],[33]	5.25%		5.25%		5.25%
Par / Units	[12],[14],[15],[33]	$ 124,748
Amortized Cost	[12],[14],[15],[33]	123,176
Fair Value	[12],[14],[15],[33]	$ 123,146
Percentage of Net Assets	[12],[14],[15],[33]	3.40%		3.40%		3.40%
Investment, Identifier [Axis]: Aerosmith Bidco Limited (dba Audiotonix), First lien senior secured multi-currency revolving loan
Schedule of Investments [Line Items]
Interest	[12],[14],[15],[20],[21]	5.25%		5.25%		5.25%
Par / Units	[12],[14],[15],[20],[21]	$ 0
Amortized Cost	[12],[14],[15],[20],[21]	(199)
Fair Value	[12],[14],[15],[20],[21]	$ (205)
Percentage of Net Assets	[12],[14],[15],[20],[21]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Aerosmith Bidco Limited (dba Audiotonix), First lien senior secured multi-draw term loan 1
Schedule of Investments [Line Items]
Interest	[12],[14],[20],[30]	5.25%		5.25%		5.25%
Par / Units	[12],[14],[20],[30]	$ 0
Amortized Cost	[12],[14],[20],[30]	0
Fair Value	[12],[14],[20],[30]	$ 0
Percentage of Net Assets	[12],[14],[20],[30]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Aerosmith Bidco Limited (dba Audiotonix), First lien senior secured multi-draw term loan 2
Schedule of Investments [Line Items]
Interest	[12],[14],[20],[21],[30]	5.25%		5.25%		5.25%
Par / Units	[12],[14],[20],[21],[30]	$ 0
Amortized Cost	[12],[14],[20],[21],[30]	(73)
Fair Value	[12],[14],[20],[21],[30]	$ (77)
Percentage of Net Assets	[12],[14],[20],[21],[30]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Affirm, Inc., Senior convertible notes
Schedule of Investments [Line Items]
Par / Units	[18],[19],[26],[34]							$ 25,000
Amortized Cost	[18],[19],[26],[34]							19,180
Fair Value	[18],[19],[26],[34]							$ 20,455
Percentage of Net Assets	[18],[19],[26],[34]							0.60%		0.60%		0.60%
Investment, Identifier [Axis]: Algolia, Inc., Series C Preferred Stock
Schedule of Investments [Line Items]
Units (in shares) | shares		970,281	[24],[25]	970,281	[24],[25]	970,281	[24],[25]	970,281	[26],[27]	970,281	[26],[27]	970,281	[26],[27]
Amortized Cost		$ 10,000	[24],[25]					$ 10,000	[26],[27]
Fair Value		$ 17,523	[24],[25]					$ 24,314	[26],[27]
Percentage of Net Assets		0.50%	[24],[25]	0.50%	[24],[25]	0.50%	[24],[25]	0.70%	[26],[27]	0.70%	[26],[27]	0.70%	[26],[27]
Investment, Identifier [Axis]: Algolia, Inc., Series D Preferred Stock
Schedule of Investments [Line Items]
Units (in shares) | shares		136,776	[24],[25]	136,776	[24],[25]	136,776	[24],[25]	136,776	[26],[27]	136,776	[26],[27]	136,776	[26],[27]
Amortized Cost		$ 4,000	[24],[25]					$ 4,000	[26],[27]
Fair Value		$ 3,027	[24],[25]					$ 3,790	[26],[27]
Percentage of Net Assets		0.10%	[24],[25]	0.10%	[24],[25]	0.10%	[24],[25]	0.10%	[26],[27]	0.10%	[26],[27]	0.10%	[26],[27]
Investment, Identifier [Axis]: Alpha Partners Technology Merger Corp, Common Stock Warrants
Schedule of Investments [Line Items]
Units (in shares) | shares	[19],[26],[27]							666,666		666,666		666,666
Amortized Cost	[19],[26],[27]							$ 0
Fair Value	[19],[26],[27]							$ 0
Percentage of Net Assets	[19],[26],[27]							0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Alpha Partners Technology Merger Corp, Sponsor Shares
Schedule of Investments [Line Items]
Units (in shares) | shares		30,000	[15],[24],[35]	30,000	[15],[24],[35]	30,000	[15],[24],[35]	100,000	[19],[26]	100,000	[19],[26]	100,000	[19],[26]
Amortized Cost		$ 1,000	[15],[24],[35]					$ 1,000	[19],[26]
Fair Value		$ 326	[15],[24],[35]					$ 0	[19],[26]
Percentage of Net Assets		0.00%	[15],[24],[35]	0.00%	[15],[24],[35]	0.00%	[15],[24],[35]	0.00%	[19],[26]	0.00%	[19],[26]	0.00%	[19],[26]
Investment, Identifier [Axis]: Alpha Partners Technology Merger Corp, Warrants
Schedule of Investments [Line Items]
Units (in shares) | shares	[15],[24],[25],[35]	667,000		667,000		667,000
Amortized Cost	[15],[24],[25],[35]	$ 0
Fair Value	[15],[24],[25],[35]	$ 53
Percentage of Net Assets	[15],[24],[25],[35]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: AlphaSense, Inc., First lien senior secured delayed draw term loan 1
Schedule of Investments [Line Items]
Interest	[12],[14],[20],[21],[30]	6.25%		6.25%		6.25%
Par / Units	[12],[14],[20],[21],[30]	$ 0
Amortized Cost	[12],[14],[20],[21],[30]	(52)
Fair Value	[12],[14],[20],[21],[30]	$ (55)
Percentage of Net Assets	[12],[14],[20],[21],[30]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: AlphaSense, Inc., First lien senior secured delayed draw term loan 2
Schedule of Investments [Line Items]
Interest	[12],[14],[20]	6.25%		6.25%		6.25%
Par / Units	[12],[14],[20]	$ 0
Amortized Cost	[12],[14],[20]	0
Fair Value	[12],[14],[20]	$ 0
Percentage of Net Assets	[12],[14],[20]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: AlphaSense, Inc., First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[12],[13],[14]	6.25%		6.25%		6.25%
Par / Units	[12],[13],[14]	$ 27,383
Amortized Cost	[12],[13],[14]	27,121
Fair Value	[12],[13],[14]	$ 27,110
Percentage of Net Assets	[12],[13],[14]	0.80%		0.80%		0.80%
Investment, Identifier [Axis]: AlphaSense, LLC, Series E Preferred Shares
Schedule of Investments [Line Items]
Units (in shares) | shares	[14],[24],[25]	131,200		131,200		131,200
Amortized Cost	[14],[24],[25]	$ 5,890
Fair Value	[14],[24],[25]	$ 5,890
Percentage of Net Assets	[14],[24],[25]	0.20%		0.20%		0.20%
Investment, Identifier [Axis]: Amergin Asset Management, LLC, Class A Units
Schedule of Investments [Line Items]
Units (in shares) | shares		50,000,000	[14],[15],[24],[25]	50,000,000	[14],[15],[24],[25]	50,000,000	[14],[15],[24],[25]	50,000,000	[18],[19],[26],[27]	50,000,000	[18],[19],[26],[27]	50,000,000	[18],[19],[26],[27]
Amortized Cost		$ 0	[14],[15],[24],[25]					$ 0	[18],[19],[26],[27]
Fair Value		$ 1,608	[14],[15],[24],[25]					$ 0	[18],[19],[26],[27]
Percentage of Net Assets		0.00%	[14],[15],[24],[25]	0.00%	[14],[15],[24],[25]	0.00%	[14],[15],[24],[25]	0.00%	[18],[19],[26],[27]	0.00%	[18],[19],[26],[27]	0.00%	[18],[19],[26],[27]
Investment, Identifier [Axis]: Anaplan, Inc., First lien senior secured loan
Schedule of Investments [Line Items]
Interest		5.25%	[12],[14],[31]	5.25%	[12],[14],[31]	5.25%	[12],[14],[31]	6.50%	[16],[17],[18]	6.50%	[16],[17],[18]	6.50%	[16],[17],[18]
Par / Units		$ 50,696	[12],[14],[31]					$ 49,219	[16],[17],[18]
Amortized Cost		50,593	[12],[14],[31]					48,808	[16],[17],[18]
Fair Value		$ 50,696	[12],[14],[31]					$ 49,219	[16],[17],[18]
Percentage of Net Assets		1.40%	[12],[14],[31]	1.40%	[12],[14],[31]	1.40%	[12],[14],[31]	1.40%	[16],[17],[18]	1.40%	[16],[17],[18]	1.40%	[16],[17],[18]
Investment, Identifier [Axis]: Anaplan, Inc., First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		5.75%	[12],[14],[20]	5.75%	[12],[14],[20]	5.75%	[12],[14],[20]	6.50%	[17],[18],[23],[36]	6.50%	[17],[18],[23],[36]	6.50%	[17],[18],[23],[36]
Par / Units		$ 0	[12],[14],[20]					$ 0	[17],[18],[23],[36]
Amortized Cost		0	[12],[14],[20]					(26)	[17],[18],[23],[36]
Fair Value		$ 0	[12],[14],[20]					$ 0	[17],[18],[23],[36]
Percentage of Net Assets		0.00%	[12],[14],[20]	0.00%	[12],[14],[20]	0.00%	[12],[14],[20]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]
Investment, Identifier [Axis]: Aptean Acquiror, Inc. (dba Aptean), First lien senior secured delayed draw term loan
Schedule of Investments [Line Items]
Interest	[12],[14],[20],[30],[31]	5.25%		5.25%		5.25%
Par / Units	[12],[14],[20],[30],[31]	$ 8
Amortized Cost	[12],[14],[20],[30],[31]	6
Fair Value	[12],[14],[20],[30],[31]	$ 8
Percentage of Net Assets	[12],[14],[20],[30],[31]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Aptean Acquiror, Inc. (dba Aptean), First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[12],[13],[14]	5.25%		5.25%		5.25%
Par / Units	[12],[13],[14]	$ 3,090
Amortized Cost	[12],[13],[14]	3,061
Fair Value	[12],[13],[14]	$ 3,074
Percentage of Net Assets	[12],[13],[14]	0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Aptean Acquiror, Inc. (dba Aptean), First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest	[12],[14],[20],[21]	5.25%		5.25%		5.25%
Par / Units	[12],[14],[20],[21]	$ 0
Amortized Cost	[12],[14],[20],[21]	(2)
Fair Value	[12],[14],[20],[21]	$ (1)
Percentage of Net Assets	[12],[14],[20],[21]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Arctic Wolf Networks, Inc., Preferred Stock
Schedule of Investments [Line Items]
Units (in shares) | shares		3,032,840	[24],[25]	3,032,840	[24],[25]	3,032,840	[24],[25]	3,032,840	[26],[27]	3,032,840	[26],[27]	3,032,840	[26],[27]
Amortized Cost		$ 25,036	[24],[25]					$ 25,036	[26],[27]
Fair Value		$ 26,901	[24],[25]					$ 31,387	[26],[27]
Percentage of Net Assets		0.80%	[24],[25]	0.80%	[24],[25]	0.80%	[24],[25]	0.90%	[26],[27]	0.90%	[26],[27]	0.90%	[26],[27]
Investment, Identifier [Axis]: Arctic Wolf Networks, Inc., Senior convertible notes
Schedule of Investments [Line Items]
Interest, PIK		3.00%	[14],[28]	3.00%	[14],[28]	3.00%	[14],[28]	3.00%	[18],[29]	3.00%	[18],[29]	3.00%	[18],[29]
Par / Units		$ 127,843	[14],[28]					$ 124,092	[18],[29]
Amortized Cost		155,822	[14],[28]					141,700	[18],[29]
Fair Value		$ 155,822	[14],[28]					$ 141,377	[18],[29]
Percentage of Net Assets		4.50%	[14],[28]	4.50%	[14],[28]	4.50%	[14],[28]	4.10%	[18],[29]	4.10%	[18],[29]	4.10%	[18],[29]
Investment, Identifier [Axis]: Armstrong Bidco Limited, First lien senior secured GBP term loan
Schedule of Investments [Line Items]
Interest	[12],[14],[15],[37]	5.25%		5.25%		5.25%
Par / Units | £	[12],[14],[15],[37]			£ 8,087
Amortized Cost	[12],[14],[15],[37]	$ 9,767
Fair Value	[12],[14],[15],[37]	$ 10,792
Percentage of Net Assets	[12],[14],[15],[37]	0.30%		0.30%		0.30%
Investment, Identifier [Axis]: Armstrong Bidco Limited, First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[17],[18],[19],[38]							5.25%		5.25%		5.25%
Par / Units | £	[17],[18],[19],[38]									£ 8,087
Amortized Cost	[17],[18],[19],[38]							$ 9,741
Fair Value	[17],[18],[19],[38]							$ 10,232
Percentage of Net Assets	[17],[18],[19],[38]							0.30%		0.30%		0.30%
Investment, Identifier [Axis]: Artifact Bidco, Inc. (dba Avetta), First lien senior secured delayed draw term loan
Schedule of Investments [Line Items]
Interest	[12],[14],[20],[21],[30]	4.50%		4.50%		4.50%
Par / Units | £	[12],[14],[20],[21],[30]			£ 0
Amortized Cost	[12],[14],[20],[21],[30]	$ (9)
Fair Value	[12],[14],[20],[21],[30]	$ (10)
Percentage of Net Assets	[12],[14],[20],[21],[30]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Artifact Bidco, Inc. (dba Avetta), First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[12],[14],[31]	4.50%		4.50%		4.50%
Par / Units | £	[12],[14],[31]			£ 15,982
Amortized Cost	[12],[14],[31]	$ 15,905
Fair Value	[12],[14],[31]	$ 15,902
Percentage of Net Assets	[12],[14],[31]	0.40%		0.40%		0.40%
Investment, Identifier [Axis]: Artifact Bidco, Inc. (dba Avetta), First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest	[12],[14],[20],[21]	4.50%		4.50%		4.50%
Par / Units | £	[12],[14],[20],[21]			£ 0
Amortized Cost	[12],[14],[20],[21]	$ (13)
Fair Value	[12],[14],[20],[21]	$ (14)
Percentage of Net Assets	[12],[14],[20],[21]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Associations Finance, Inc., Unsecured notes
Schedule of Investments [Line Items]
Interest, PIK	[14],[28]	14.25%		14.25%		14.25%
Par / Units	[14],[28]	$ 19,276
Amortized Cost	[14],[28]	19,139
Fair Value	[14],[28]	$ 19,276
Percentage of Net Assets	[14],[28]	0.50%		0.50%		0.50%
Investment, Identifier [Axis]: Associations, Inc., First lien senior secured delayed draw term loan
Schedule of Investments [Line Items]
Interest	[12],[14],[20],[21]	6.50%		6.50%		6.50%
Par / Units	[12],[14],[20],[21]	$ 0
Amortized Cost	[12],[14],[20],[21]	(3)
Fair Value	[12],[14],[20],[21]	$ 0
Percentage of Net Assets	[12],[14],[20],[21]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Associations, Inc., First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[12],[14],[31]	6.50%		6.50%		6.50%
Par / Units	[12],[14],[31]	$ 49,640
Amortized Cost	[12],[14],[31]	49,594
Fair Value	[12],[14],[31]	$ 49,640
Percentage of Net Assets	[12],[14],[31]	1.40%		1.40%		1.40%
Investment, Identifier [Axis]: Associations, Inc., First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest	[12],[14],[20],[21]	6.50%		6.50%		6.50%
Par / Units	[12],[14],[20],[21]	$ 0
Amortized Cost	[12],[14],[20],[21]	(3)
Fair Value	[12],[14],[20],[21]	$ 0
Percentage of Net Assets	[12],[14],[20],[21]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Asurion, LLC, Second lien senior secured loan
Schedule of Investments [Line Items]
Interest		5.25%	[12],[13],[14],[39]	5.25%	[12],[13],[14],[39]	5.25%	[12],[13],[14],[39]	5.25%	[17],[18],[22],[34]	5.25%	[17],[18],[22],[34]	5.25%	[17],[18],[22],[34]
Par / Units		$ 10,833	[12],[13],[14],[39]					$ 10,833	[17],[18],[22],[34]
Amortized Cost		10,693	[12],[13],[14],[39]					10,666	[17],[18],[22],[34]
Fair Value		$ 10,127	[12],[13],[14],[39]					$ 10,300	[17],[18],[22],[34]
Percentage of Net Assets		0.30%	[12],[13],[14],[39]	0.30%	[12],[13],[14],[39]	0.30%	[12],[13],[14],[39]	0.30%	[17],[18],[22],[34]	0.30%	[17],[18],[22],[34]	0.30%	[17],[18],[22],[34]
Investment, Identifier [Axis]: Aurelia Netherlands Midco 2 B.V., First lien senior secured EUR term loan
Schedule of Investments [Line Items]
Interest	[12],[14],[15]	5.75%		5.75%		5.75%
Par / Units | €	[12],[14],[15]					€ 25,283
Amortized Cost	[12],[14],[15]	$ 26,496
Fair Value	[12],[14],[15]	$ 28,005
Percentage of Net Assets	[12],[14],[15]	0.80%		0.80%		0.80%
Investment, Identifier [Axis]: Avalara, Inc., First lien senior secured loan
Schedule of Investments [Line Items]
Interest		6.25%	[12],[14],[31]	6.25%	[12],[14],[31]	6.25%	[12],[14],[31]	7.25%	[16],[17],[18]	7.25%	[16],[17],[18]	7.25%	[16],[17],[18]
Par / Units		$ 9,091	[12],[14],[31]					$ 9,091	[16],[17],[18]
Amortized Cost		8,989	[12],[14],[31]					8,975	[16],[17],[18]
Fair Value		$ 9,091	[12],[14],[31]					$ 9,045	[16],[17],[18]
Percentage of Net Assets		0.30%	[12],[14],[31]	0.30%	[12],[14],[31]	0.30%	[12],[14],[31]	0.30%	[16],[17],[18]	0.30%	[16],[17],[18]	0.30%	[16],[17],[18]
Investment, Identifier [Axis]: Avalara, Inc., First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		7.25%	[12],[14],[20],[21]	7.25%	[12],[14],[20],[21]	7.25%	[12],[14],[20],[21]	7.25%	[17],[18],[23],[36]	7.25%	[17],[18],[23],[36]	7.25%	[17],[18],[23],[36]
Par / Units		$ 0	[12],[14],[20],[21]					$ 0	[17],[18],[23],[36]
Amortized Cost		(9)	[12],[14],[20],[21]					(11)	[17],[18],[23],[36]
Fair Value		$ 0	[12],[14],[20],[21]					$ (5)	[17],[18],[23],[36]
Percentage of Net Assets		0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]
Investment, Identifier [Axis]: Azurite Intermediate Holdings, Inc. (dba Alteryx, Inc.), First lien senior secured delayed draw term loan
Schedule of Investments [Line Items]
Interest	[12],[13],[14],[20],[30]	6.50%		6.50%		6.50%
Par / Units	[12],[13],[14],[20],[30]	$ 19,000
Amortized Cost	[12],[13],[14],[20],[30]	18,659
Fair Value	[12],[13],[14],[20],[30]	$ 18,709
Percentage of Net Assets	[12],[13],[14],[20],[30]	0.50%		0.50%		0.50%
Investment, Identifier [Axis]: Azurite Intermediate Holdings, Inc. (dba Alteryx, Inc.), First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[12],[13],[14]	6.50%		6.50%		6.50%
Par / Units	[12],[13],[14]	$ 13,063
Amortized Cost	[12],[13],[14]	12,877
Fair Value	[12],[13],[14]	$ 12,899
Percentage of Net Assets	[12],[13],[14]	0.40%		0.40%		0.40%
Investment, Identifier [Axis]: Azurite Intermediate Holdings, Inc. (dba Alteryx, Inc.), First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest	[12],[14],[20],[21]	6.50%		6.50%		6.50%
Par / Units	[12],[14],[20],[21]	$ 0
Amortized Cost	[12],[14],[20],[21]	(66)
Fair Value	[12],[14],[20],[21]	$ (59)
Percentage of Net Assets	[12],[14],[20],[21]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: BCPE Osprey Buyer, Inc. (dba PartsSource), First lien senior secured delayed draw term loan
Schedule of Investments [Line Items]
Interest		5.75%	[12],[13],[14],[20],[30]	5.75%	[12],[13],[14],[20],[30]	5.75%	[12],[13],[14],[20],[30]	5.75%	[17],[18],[23],[36],[40]	5.75%	[17],[18],[23],[36],[40]	5.75%	[17],[18],[23],[36],[40]
Par / Units		$ 4,565	[12],[13],[14],[20],[30]					$ 0	[17],[18],[23],[36],[40]
Amortized Cost		4,312	[12],[13],[14],[20],[30]					(252)	[17],[18],[23],[36],[40]
Fair Value		$ 4,453	[12],[13],[14],[20],[30]					$ (66)	[17],[18],[23],[36],[40]
Percentage of Net Assets		0.10%	[12],[13],[14],[20],[30]	0.10%	[12],[13],[14],[20],[30]	0.10%	[12],[13],[14],[20],[30]	0.00%	[17],[18],[23],[36],[40]	0.00%	[17],[18],[23],[36],[40]	0.00%	[17],[18],[23],[36],[40]
Investment, Identifier [Axis]: BCPE Osprey Buyer, Inc. (dba PartsSource), First lien senior secured loan
Schedule of Investments [Line Items]
Interest		5.75%	[12],[14],[31]	5.75%	[12],[14],[31]	5.75%	[12],[14],[31]	5.75%	[16],[17],[18]	5.75%	[16],[17],[18]	5.75%	[16],[17],[18]
Par / Units		$ 120,388	[12],[14],[31]					$ 121,316	[16],[17],[18]
Amortized Cost		119,153	[12],[14],[31]					119,884	[16],[17],[18]
Fair Value		$ 118,884	[12],[14],[31]					$ 119,799	[16],[17],[18]
Percentage of Net Assets		3.30%	[12],[14],[31]	3.30%	[12],[14],[31]	3.30%	[12],[14],[31]	3.40%	[16],[17],[18]	3.40%	[16],[17],[18]	3.40%	[16],[17],[18]
Investment, Identifier [Axis]: BCPE Osprey Buyer, Inc. (dba PartsSource), First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		5.75%	[12],[13],[14],[20]	5.75%	[12],[13],[14],[20]	5.75%	[12],[13],[14],[20]	5.75%	[17],[18],[22],[23]	5.75%	[17],[18],[22],[23]	5.75%	[17],[18],[22],[23]
Par / Units		$ 6,524	[12],[13],[14],[20]					$ 3,805	[17],[18],[22],[23]
Amortized Cost		6,444	[12],[13],[14],[20]					3,694	[17],[18],[22],[23]
Fair Value		$ 6,371	[12],[13],[14],[20]					$ 3,653	[17],[18],[22],[23]
Percentage of Net Assets		0.20%	[12],[13],[14],[20]	0.20%	[12],[13],[14],[20]	0.20%	[12],[13],[14],[20]	0.10%	[17],[18],[22],[23]	0.10%	[17],[18],[22],[23]	0.10%	[17],[18],[22],[23]
Investment, Identifier [Axis]: BCPE Watson (DE) ORML, LP, First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[17],[18],[19],[32]							6.50%		6.50%		6.50%
Par / Units	[17],[18],[19],[32]							$ 50,000
Amortized Cost	[17],[18],[19],[32]							49,598
Fair Value	[17],[18],[19],[32]							$ 49,750
Percentage of Net Assets	[17],[18],[19],[32]							1.50%		1.50%		1.50%
Investment, Identifier [Axis]: BCTO BSI Buyer, Inc. (dba Buildertrend), First lien senior secured loan
Schedule of Investments [Line Items]
Interest, PIK		7.50%	[12],[14],[31]	7.50%	[12],[14],[31]	7.50%	[12],[14],[31]	7.50%	[16],[17],[18]	7.50%	[16],[17],[18]	7.50%	[16],[17],[18]
Par / Units		$ 82,772	[12],[14],[31]					$ 78,695	[16],[17],[18]
Amortized Cost		82,414	[12],[14],[31]					78,233	[16],[17],[18]
Fair Value		$ 82,772	[12],[14],[31]					$ 78,695	[16],[17],[18]
Percentage of Net Assets		2.30%	[12],[14],[31]	2.30%	[12],[14],[31]	2.30%	[12],[14],[31]	2.20%	[16],[17],[18]	2.20%	[16],[17],[18]	2.20%	[16],[17],[18]
Investment, Identifier [Axis]: BCTO BSI Buyer, Inc. (dba Buildertrend), First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		7.50%	[12],[14],[20],[21]	7.50%	[12],[14],[20],[21]	7.50%	[12],[14],[20],[21]	7.50%	[17],[18],[23],[36]	7.50%	[17],[18],[23],[36]	7.50%	[17],[18],[23],[36]
Par / Units		$ 0	[12],[14],[20],[21]					$ 0	[17],[18],[23],[36]
Amortized Cost		(66)	[12],[14],[20],[21]					(88)	[17],[18],[23],[36]
Fair Value		$ 0	[12],[14],[20],[21]					$ 0	[17],[18],[23],[36]
Percentage of Net Assets		0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]
Investment, Identifier [Axis]: BCTO WIW Holdings, Inc. (dba When I Work), Class A Common Stock
Schedule of Investments [Line Items]
Units (in shares) | shares		70,000	[14],[24],[25]	70,000	[14],[24],[25]	70,000	[14],[24],[25]	70,000	[18],[26],[27]	70,000	[18],[26],[27]	70,000	[18],[26],[27]
Amortized Cost		$ 7,000	[14],[24],[25]					$ 7,000	[18],[26],[27]
Fair Value		$ 4,130	[14],[24],[25]					$ 5,487	[18],[26],[27]
Percentage of Net Assets		0.10%	[14],[24],[25]	0.10%	[14],[24],[25]	0.10%	[14],[24],[25]	0.20%	[18],[26],[27]	0.20%	[18],[26],[27]	0.20%	[18],[26],[27]
Investment, Identifier [Axis]: BEHP Co-Investor II, L.P., LP Interest
Schedule of Investments [Line Items]
Par / Units		$ 1,270	[14],[15],[24],[25]					$ 1,270	[18],[19],[26],[27]
Amortized Cost		1,043	[14],[15],[24],[25]					1,266	[18],[19],[26],[27]
Fair Value		$ 1,297	[14],[15],[24],[25]					$ 1,278	[18],[19],[26],[27]
Percentage of Net Assets		0.00%	[14],[15],[24],[25]	0.00%	[14],[15],[24],[25]	0.00%	[14],[15],[24],[25]	0.00%	[18],[19],[26],[27]	0.00%	[18],[19],[26],[27]	0.00%	[18],[19],[26],[27]
Investment, Identifier [Axis]: BTRS HOLDINGS INC. (dba Billtrust), First lien senior secured delayed draw term loan
Schedule of Investments [Line Items]
Interest	[12],[14],[20],[30],[31]	8.00%		8.00%		8.00%
Par / Units	[12],[14],[20],[30],[31]	$ 62
Amortized Cost	[12],[14],[20],[30],[31]	62
Fair Value	[12],[14],[20],[30],[31]	$ 61
Percentage of Net Assets	[12],[14],[20],[30],[31]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: BTRS HOLDINGS INC. (dba Billtrust), First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[12],[14],[31]	8.00%		8.00%		8.00%
Par / Units	[12],[14],[31]	$ 839
Amortized Cost	[12],[14],[31]	820
Fair Value	[12],[14],[31]	$ 835
Percentage of Net Assets	[12],[14],[31]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: BTRS HOLDINGS INC. (dba Billtrust), First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest	[12],[14],[20],[31]	7.25%		7.25%		7.25%
Par / Units	[12],[14],[20],[31]	$ 34
Amortized Cost	[12],[14],[20],[31]	32
Fair Value	[12],[14],[20],[31]	$ 33
Percentage of Net Assets	[12],[14],[20],[31]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: BTRS HOLDINGS INC., First lien senior secured delayed draw term loan
Schedule of Investments [Line Items]
Interest	[16],[17],[18],[23],[40]							8.00%		8.00%		8.00%
Par / Units	[16],[17],[18],[23],[40]							$ 35
Amortized Cost	[16],[17],[18],[23],[40]							35
Fair Value	[16],[17],[18],[23],[40]							$ 34
Percentage of Net Assets	[16],[17],[18],[23],[40]							0.00%		0.00%		0.00%
Investment, Identifier [Axis]: BTRS HOLDINGS INC., First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[16],[17],[18]							8.00%		8.00%		8.00%
Par / Units	[16],[17],[18]							$ 839
Amortized Cost	[16],[17],[18]							817
Fair Value	[16],[17],[18]							$ 827
Percentage of Net Assets	[16],[17],[18]							0.00%		0.00%		0.00%
Investment, Identifier [Axis]: BTRS HOLDINGS INC., First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest	[16],[17],[18],[23]							7.25%		7.25%		7.25%
Par / Units	[16],[17],[18],[23]							$ 22
Amortized Cost	[16],[17],[18],[23]							20
Fair Value	[16],[17],[18],[23]							$ 21
Percentage of Net Assets	[16],[17],[18],[23]							0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Bamboo US BidCo LLC, First lien senior secured EUR term loan
Schedule of Investments [Line Items]
Interest		6.75%	[12],[14],[41]	6.75%	[12],[14],[41]	6.75%	[12],[14],[41]	6.00%	[17],[18],[42]	6.00%	[17],[18],[42]	6.00%	[17],[18],[42]
Interest, PIK	[12],[14],[41]	3.38%		3.38%		3.38%
Par / Units | €						€ 3,119	[12],[14],[41]					€ 3,063	[17],[18],[42]
Amortized Cost		$ 3,218	[12],[14],[41]					$ 3,148	[17],[18],[42]
Fair Value		$ 3,481	[12],[14],[41]					$ 3,282	[17],[18],[42]
Percentage of Net Assets		0.10%	[12],[14],[41]	0.10%	[12],[14],[41]	0.10%	[12],[14],[41]	0.10%	[17],[18],[42]	0.10%	[17],[18],[42]	0.10%	[17],[18],[42]
Investment, Identifier [Axis]: Bamboo US BidCo LLC, First lien senior secured delayed draw term loan
Schedule of Investments [Line Items]
Interest		6.75%	[12],[14],[20],[30],[31]	6.75%	[12],[14],[20],[30],[31]	6.75%	[12],[14],[20],[30],[31]	6.00%	[17],[18],[22],[23],[40]	6.00%	[17],[18],[22],[23],[40]	6.00%	[17],[18],[22],[23],[40]
Interest, PIK	[12],[14],[20],[30],[31]	3.38%		3.38%		3.38%
Par / Units		$ 372	[12],[14],[20],[30],[31]					$ 53	[17],[18],[22],[23],[40]
Amortized Cost		357	[12],[14],[20],[30],[31]					41	[17],[18],[22],[23],[40]
Fair Value		$ 372	[12],[14],[20],[30],[31]					$ 40	[17],[18],[22],[23],[40]
Percentage of Net Assets		0.00%	[12],[14],[20],[30],[31]	0.00%	[12],[14],[20],[30],[31]	0.00%	[12],[14],[20],[30],[31]	0.00%	[17],[18],[22],[23],[40]	0.00%	[17],[18],[22],[23],[40]	0.00%	[17],[18],[22],[23],[40]
Investment, Identifier [Axis]: Bamboo US BidCo LLC, First lien senior secured loan
Schedule of Investments [Line Items]
Interest		6.75%	[12],[14],[31]	6.75%	[12],[14],[31]	6.75%	[12],[14],[31]	6.00%	[16],[17],[18]	6.00%	[16],[17],[18]	6.00%	[16],[17],[18]
Interest, PIK	[12],[14],[31]	3.38%		3.38%		3.38%
Par / Units		$ 5,013	[12],[14],[31]					$ 4,923	[16],[17],[18]
Amortized Cost		4,882	[12],[14],[31]					4,779	[16],[17],[18]
Fair Value		$ 5,013	[12],[14],[31]					$ 4,775	[16],[17],[18]
Percentage of Net Assets		0.10%	[12],[14],[31]	0.10%	[12],[14],[31]	0.10%	[12],[14],[31]	0.10%	[16],[17],[18]	0.10%	[16],[17],[18]	0.10%	[16],[17],[18]
Investment, Identifier [Axis]: Bamboo US BidCo LLC, First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		6.00%	[12],[14],[20],[21]	6.00%	[12],[14],[20],[21]	6.00%	[12],[14],[20],[21]	6.00%	[17],[18],[23],[36]	6.00%	[17],[18],[23],[36]	6.00%	[17],[18],[23],[36]
Par / Units | €						€ 0	[12],[14],[20],[21]					€ 0	[17],[18],[23],[36]
Amortized Cost		$ (26)	[12],[14],[20],[21]					$ (29)	[17],[18],[23],[36]
Fair Value		$ 0	[12],[14],[20],[21]					$ (31)	[17],[18],[23],[36]
Percentage of Net Assets		0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]
Investment, Identifier [Axis]: Bayshore Intermediate #2, L.P. (dba Boomi), First lien senior secured loan
Schedule of Investments [Line Items]
Interest, PIK		7.75%	[12],[14],[31]	7.75%	[12],[14],[31]	7.75%	[12],[14],[31]	7.50%	[16],[17],[18]	7.50%	[16],[17],[18]	7.50%	[16],[17],[18]
Par / Units		$ 193,312	[12],[14],[31]					$ 178,644	[16],[17],[18]
Amortized Cost		191,220	[12],[14],[31]					176,263	[16],[17],[18]
Fair Value		$ 193,311	[12],[14],[31]					$ 176,413	[16],[17],[18]
Percentage of Net Assets		5.50%	[12],[14],[31]	5.50%	[12],[14],[31]	5.50%	[12],[14],[31]	5.00%	[16],[17],[18]	5.00%	[16],[17],[18]	5.00%	[16],[17],[18]
Investment, Identifier [Axis]: Bayshore Intermediate #2, L.P. (dba Boomi), First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		6.75%	[12],[14],[20],[21]	6.75%	[12],[14],[20],[21]	6.75%	[12],[14],[20],[21]	6.75%	[16],[17],[18],[23]	6.75%	[16],[17],[18],[23]	6.75%	[16],[17],[18],[23]
Par / Units		$ 0	[12],[14],[20],[21]					$ 2,339	[16],[17],[18],[23]
Amortized Cost		(132)	[12],[14],[20],[21]					2,174	[16],[17],[18],[23]
Fair Value		$ 0	[12],[14],[20],[21]					$ 2,193	[16],[17],[18],[23]
Percentage of Net Assets		0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.10%	[16],[17],[18],[23]	0.10%	[16],[17],[18],[23]	0.10%	[16],[17],[18],[23]
Investment, Identifier [Axis]: Blackhawk Network Holdings, Inc., First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[12],[13],[14],[39]	5.00%		5.00%		5.00%
Par / Units	[12],[13],[14],[39]	$ 59,850
Amortized Cost	[12],[13],[14],[39]	58,706
Fair Value	[12],[13],[14],[39]	$ 60,071
Percentage of Net Assets	[12],[13],[14],[39]	1.70%		1.70%		1.70%
Investment, Identifier [Axis]: Blend Labs, Inc., Common stock
Schedule of Investments [Line Items]
Units (in shares) | shares		216,953	[14],[24],[35]	216,953	[14],[24],[35]	216,953	[14],[24],[35]	216,953	[18],[26],[43]	216,953	[18],[26],[43]	216,953	[18],[26],[43]
Amortized Cost		$ 3,000	[14],[24],[35]					$ 3,000	[18],[26],[43]
Fair Value		$ 814	[14],[24],[35]					$ 553	[18],[26],[43]
Percentage of Net Assets		0.00%	[14],[24],[35]	0.00%	[14],[24],[35]	0.00%	[14],[24],[35]	0.00%	[18],[26],[43]	0.00%	[18],[26],[43]	0.00%	[18],[26],[43]
Investment, Identifier [Axis]: Blend Labs, Inc., First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[17],[18],[22]							7.50%		7.50%		7.50%
Par / Units	[17],[18],[22]							$ 70,000
Amortized Cost	[17],[18],[22]							69,043
Fair Value	[17],[18],[22]							$ 68,250
Percentage of Net Assets	[17],[18],[22]							1.90%		1.90%		1.90%
Investment, Identifier [Axis]: Blend Labs, Inc., Warrants
Schedule of Investments [Line Items]
Units (in shares) | shares		299,216	[14],[24],[25]	299,216	[14],[24],[25]	299,216	[14],[24],[25]	299,216	[18],[26],[27]	299,216	[18],[26],[27]	299,216	[18],[26],[27]
Amortized Cost		$ 1,625	[14],[24],[25]					$ 1,625	[18],[26],[27]
Fair Value		$ 16	[14],[24],[25]					$ 15	[18],[26],[27]
Percentage of Net Assets		0.00%	[14],[24],[25]	0.00%	[14],[24],[25]	0.00%	[14],[24],[25]	0.00%	[18],[26],[27]	0.00%	[18],[26],[27]	0.00%	[18],[26],[27]
Investment, Identifier [Axis]: Blue Owl Credit SLF LLC
Schedule of Investments [Line Items]
Fair Value		$ 2,187						$ 0
Investment, Identifier [Axis]: Blue Owl Credit SLF LLC, Joint Venture
Schedule of Investments [Line Items]
Par / Units	[14],[15],[24],[25],[44]	2,188
Amortized Cost	[14],[15],[24],[25],[44]	2,189
Fair Value	[14],[15],[24],[25],[44]	$ 2,187
Percentage of Net Assets	[14],[15],[24],[25],[44]	0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Bolt Technology OÜ, Preferred Stock
Schedule of Investments [Line Items]
Units (in shares) | shares		43,478	[15],[24],[25]	43,478	[15],[24],[25]	43,478	[15],[24],[25]	43,478	[19],[26],[27]	43,478	[19],[26],[27]	43,478	[19],[26],[27]
Amortized Cost		$ 11,318	[15],[24],[25]					$ 11,318	[19],[26],[27]
Fair Value		$ 10,777	[15],[24],[25]					$ 10,667	[19],[26],[27]
Percentage of Net Assets		0.30%	[15],[24],[25]	0.30%	[15],[24],[25]	0.30%	[15],[24],[25]	0.30%	[19],[26],[27]	0.30%	[19],[26],[27]	0.30%	[19],[26],[27]
Investment, Identifier [Axis]: Boxer Parent Company Inc. (f/k/a BMC), First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[12],[14],[31],[39]	3.75%		3.75%		3.75%
Par / Units	[12],[14],[31],[39]	$ 10,000
Amortized Cost	[12],[14],[31],[39]	9,976
Fair Value	[12],[14],[31],[39]	$ 9,973
Percentage of Net Assets	[12],[14],[31],[39]	0.30%		0.30%		0.30%
Investment, Identifier [Axis]: Brex, Inc., Preferred Stock
Schedule of Investments [Line Items]
Units (in shares) | shares		143,943	[24],[25]	143,943	[24],[25]	143,943	[24],[25]	143,943	[26],[27]	143,943	[26],[27]	143,943	[26],[27]
Amortized Cost		$ 5,012	[24],[25]					$ 5,012	[26],[27]
Fair Value		$ 2,885	[24],[25]					$ 3,220	[26],[27]
Percentage of Net Assets		0.10%	[24],[25]	0.10%	[24],[25]	0.10%	[24],[25]	0.10%	[26],[27]	0.10%	[26],[27]	0.10%	[26],[27]
Investment, Identifier [Axis]: BridgeBio Pharma, Inc., First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[12],[14],[31]	6.50%		6.50%		6.50%
Par / Units	[12],[14],[31]	$ 30,000
Amortized Cost	[12],[14],[31]	29,960
Fair Value	[12],[14],[31]	$ 29,925
Percentage of Net Assets	[12],[14],[31]	0.80%		0.80%		0.80%
Investment, Identifier [Axis]: Brooklyn Lender Co-Invest 2, L.P. (dba Boomi), Common Units
Schedule of Investments [Line Items]
Units (in shares) | shares		12,692,160	[14],[24],[25]	12,692,160	[14],[24],[25]	12,692,160	[14],[24],[25]	12,692,160	[18],[26],[27]	12,692,160	[18],[26],[27]	12,692,160	[18],[26],[27]
Amortized Cost		$ 12,692	[14],[24],[25]					$ 12,692	[18],[26],[27]
Fair Value		$ 16,381	[14],[24],[25]					$ 13,841	[18],[26],[27]
Percentage of Net Assets		0.50%	[14],[24],[25]	0.50%	[14],[24],[25]	0.50%	[14],[24],[25]	0.40%	[18],[26],[27]	0.40%	[18],[26],[27]	0.40%	[18],[26],[27]
Investment, Identifier [Axis]: CP PIK DEBT ISSUER, LLC (dba CivicPlus, LLC), Unsecured notes
Schedule of Investments [Line Items]
Interest, PIK		11.75%	[12],[14],[31]	11.75%	[12],[14],[31]	11.75%	[12],[14],[31]	11.75%	[17],[18],[22]	11.75%	[17],[18],[22]	11.75%	[17],[18],[22]
Par / Units		$ 42,813	[12],[14],[31]					$ 39,383	[17],[18],[22]
Amortized Cost		42,051	[12],[14],[31]					38,565	[17],[18],[22]
Fair Value		$ 42,813	[12],[14],[31]					$ 39,284	[17],[18],[22]
Percentage of Net Assets		1.20%	[12],[14],[31]	1.20%	[12],[14],[31]	1.20%	[12],[14],[31]	1.10%	[17],[18],[22]	1.10%	[17],[18],[22]	1.10%	[17],[18],[22]
Investment, Identifier [Axis]: CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant), First lien senior secured delayed draw term loan
Schedule of Investments [Line Items]
Interest	[12],[14],[20],[30]	5.25%		5.25%		5.25%
Par / Units	[12],[14],[20],[30]	$ 0
Amortized Cost	[12],[14],[20],[30]	0
Fair Value	[12],[14],[20],[30]	$ 0
Percentage of Net Assets	[12],[14],[20],[30]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant), First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[12],[13],[14]	5.00%		5.00%		5.00%
Par / Units	[12],[13],[14]	$ 58,027
Amortized Cost	[12],[13],[14]	57,696
Fair Value	[12],[13],[14]	$ 57,693
Percentage of Net Assets	[12],[13],[14]	1.60%		1.60%		1.60%
Investment, Identifier [Axis]: CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant), First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest	[12],[14],[20],[21]	5.00%		5.00%		5.00%
Par / Units	[12],[14],[20],[21]	$ 0
Amortized Cost	[12],[14],[20],[21]	(28)
Fair Value	[12],[14],[20],[21]	$ (29)
Percentage of Net Assets	[12],[14],[20],[21]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.), First lien senior secured loan
Schedule of Investments [Line Items]
Interest		5.50%	[12],[14],[31]	5.50%	[12],[14],[31]	5.50%	[12],[14],[31]	5.50%	[16],[17],[18]	5.50%	[16],[17],[18]	5.50%	[16],[17],[18]
Par / Units		$ 76,625	[12],[14],[31]					$ 77,218	[16],[17],[18]
Amortized Cost		75,609	[12],[14],[31]					75,962	[16],[17],[18]
Fair Value		$ 74,518	[12],[14],[31]					$ 74,515	[16],[17],[18]
Percentage of Net Assets		2.10%	[12],[14],[31]	2.10%	[12],[14],[31]	2.10%	[12],[14],[31]	2.10%	[16],[17],[18]	2.10%	[16],[17],[18]	2.10%	[16],[17],[18]
Investment, Identifier [Axis]: Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.), First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		5.50%	[12],[14],[20],[31]	5.50%	[12],[14],[20],[31]	5.50%	[12],[14],[20],[31]	5.50%	[16],[17],[18],[23]	5.50%	[16],[17],[18],[23]	5.50%	[16],[17],[18],[23]
Par / Units		$ 2,338	[12],[14],[20],[31]					$ 2,338	[16],[17],[18],[23]
Amortized Cost		2,258	[12],[14],[20],[31]					2,237	[16],[17],[18],[23]
Fair Value		$ 2,151	[12],[14],[20],[31]					$ 2,101	[16],[17],[18],[23]
Percentage of Net Assets		0.10%	[12],[14],[20],[31]	0.10%	[12],[14],[20],[31]	0.10%	[12],[14],[20],[31]	0.10%	[16],[17],[18],[23]	0.10%	[16],[17],[18],[23]	0.10%	[16],[17],[18],[23]
Investment, Identifier [Axis]: Certinia, Inc., First lien senior secured loan
Schedule of Investments [Line Items]
Interest		7.25%	[12],[14],[31]	7.25%	[12],[14],[31]	7.25%	[12],[14],[31]	7.25%	[17],[18],[32]	7.25%	[17],[18],[32]	7.25%	[17],[18],[32]
Par / Units		$ 22,059	[12],[14],[31]					$ 22,059	[17],[18],[32]
Amortized Cost		21,680	[12],[14],[31]					21,639	[17],[18],[32]
Fair Value		$ 21,949	[12],[14],[31]					$ 21,618	[17],[18],[32]
Percentage of Net Assets		0.60%	[12],[14],[31]	0.60%	[12],[14],[31]	0.60%	[12],[14],[31]	0.60%	[17],[18],[32]	0.60%	[17],[18],[32]	0.60%	[17],[18],[32]
Investment, Identifier [Axis]: Certinia, Inc., First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		7.25%	[12],[14],[20],[21]	7.25%	[12],[14],[20],[21]	7.25%	[12],[14],[20],[21]	7.25%	[17],[18],[23],[36]	7.25%	[17],[18],[23],[36]	7.25%	[17],[18],[23],[36]
Par / Units		$ 0	[12],[14],[20],[21]					$ 0	[17],[18],[23],[36]
Amortized Cost		(47)	[12],[14],[20],[21]					(55)	[17],[18],[23],[36]
Fair Value		$ (15)	[12],[14],[20],[21]					$ (59)	[17],[18],[23],[36]
Percentage of Net Assets		0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]
Investment, Identifier [Axis]: Circana Group, L.P. (fka The NPD Group, L.P.), First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[17],[18],[22]							6.25%		6.25%		6.25%
Interest, PIK	[17],[18],[22]							2.75%		2.75%		2.75%
Par / Units	[17],[18],[22]							$ 24,164
Amortized Cost	[17],[18],[22]							23,764
Fair Value	[17],[18],[22]							$ 23,923
Percentage of Net Assets	[17],[18],[22]							0.70%		0.70%		0.70%
Investment, Identifier [Axis]: Circana Group, L.P. (fka The NPD Group, L.P.), First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest	[17],[18],[22],[23]							5.75%		5.75%		5.75%
Par / Units	[17],[18],[22],[23]							$ 272
Amortized Cost	[17],[18],[22],[23]							250
Fair Value	[17],[18],[22],[23]							$ 257
Percentage of Net Assets	[17],[18],[22],[23]							0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Circle Internet Services, Inc., Series D Preferred Stock
Schedule of Investments [Line Items]
Units (in shares) | shares		2,934,961	[24],[25]	2,934,961	[24],[25]	2,934,961	[24],[25]	2,934,961	[26],[27]	2,934,961	[26],[27]	2,934,961	[26],[27]
Amortized Cost		$ 15,000	[24],[25]					$ 15,000	[26],[27]
Fair Value		$ 17,401	[24],[25]					$ 26,381	[26],[27]
Percentage of Net Assets		0.50%	[24],[25]	0.50%	[24],[25]	0.50%	[24],[25]	0.80%	[26],[27]	0.80%	[26],[27]	0.80%	[26],[27]
Investment, Identifier [Axis]: Circle Internet Services, Inc., Series E Preferred Stock
Schedule of Investments [Line Items]
Units (in shares) | shares		821,806	[24],[25]	821,806	[24],[25]	821,806	[24],[25]	821,806	[26],[27]	821,806	[26],[27]	821,806	[26],[27]
Amortized Cost		$ 6,917	[24],[25]					$ 6,917	[26],[27]
Fair Value		$ 5,937	[24],[25]					$ 8,272	[26],[27]
Percentage of Net Assets		0.20%	[24],[25]	0.20%	[24],[25]	0.20%	[24],[25]	0.20%	[26],[27]	0.20%	[26],[27]	0.20%	[26],[27]
Investment, Identifier [Axis]: Circle Internet Services, Inc., Series F Preferred Stock
Schedule of Investments [Line Items]
Units (in shares) | shares		75,876	[24],[25]	75,876	[24],[25]	75,876	[24],[25]	75,876	[26],[27]	75,876	[26],[27]	75,876	[26],[27]
Amortized Cost		$ 1,500	[24],[25]					$ 1,500	[26],[27]
Fair Value		$ 910	[24],[25]					$ 1,139	[26],[27]
Percentage of Net Assets		0.00%	[24],[25]	0.00%	[24],[25]	0.00%	[24],[25]	0.00%	[26],[27]	0.00%	[26],[27]	0.00%	[26],[27]
Investment, Identifier [Axis]: Circle Internet Services, Inc., Subordinated Convertible Security
Schedule of Investments [Line Items]
Units (in shares) | shares	[24],[25]	758,882		758,882		758,882
Amortized Cost	[24],[25]	$ 759
Fair Value	[24],[25]	$ 759
Percentage of Net Assets	[24],[25]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Circle Internet Services, Inc., Warrants
Schedule of Investments [Line Items]
Units (in shares) | shares		359,000	[24],[25]	359,000	[24],[25]	359,000	[24],[25]	244,580	[26],[27]	244,580	[26],[27]	244,580	[26],[27]
Amortized Cost		$ 0	[24],[25]					$ 0	[26],[27]
Fair Value		$ 888	[24],[25]					$ 1,037	[26],[27]
Percentage of Net Assets		0.00%	[24],[25]	0.00%	[24],[25]	0.00%	[24],[25]	0.00%	[26],[27]	0.00%	[26],[27]	0.00%	[26],[27]
Investment, Identifier [Axis]: CivicPlus, LLC, First lien senior secured loan
Schedule of Investments [Line Items]
Interest		5.75%	[12],[14],[31]	5.75%	[12],[14],[31]	5.75%	[12],[14],[31]	6.50%	[16],[17],[18]	6.50%	[16],[17],[18]	6.50%	[16],[17],[18]
Interest, PIK		2.50%	[12],[14],[31]	2.50%	[12],[14],[31]	2.50%	[12],[14],[31]	2.50%	[16],[17],[18]	2.50%	[16],[17],[18]	2.50%	[16],[17],[18]
Par / Units		$ 68,151	[12],[14],[31]					$ 67,293	[16],[17],[18]
Amortized Cost		67,785	[12],[14],[31]					66,843	[16],[17],[18]
Fair Value		$ 68,151	[12],[14],[31]					$ 67,293	[16],[17],[18]
Percentage of Net Assets		1.90%	[12],[14],[31]	1.90%	[12],[14],[31]	1.90%	[12],[14],[31]	1.90%	[16],[17],[18]	1.90%	[16],[17],[18]	1.90%	[16],[17],[18]
Investment, Identifier [Axis]: CivicPlus, LLC, First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		5.75%	[12],[14],[20],[21]	5.75%	[12],[14],[20],[21]	5.75%	[12],[14],[20],[21]	6.00%	[17],[18],[22],[23]	6.00%	[17],[18],[22],[23]	6.00%	[17],[18],[22],[23]
Par / Units		$ 0	[12],[14],[20],[21]					$ 1,586	[17],[18],[22],[23]
Amortized Cost		(23)	[12],[14],[20],[21]					1,556	[17],[18],[22],[23]
Fair Value		$ 0	[12],[14],[20],[21]					$ 1,586	[17],[18],[22],[23]
Percentage of Net Assets		0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[17],[18],[22],[23]	0.00%	[17],[18],[22],[23]	0.00%	[17],[18],[22],[23]
Investment, Identifier [Axis]: CloudPay, Inc., First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[12],[14],[31]	7.50%		7.50%		7.50%
Par / Units	[12],[14],[31]	$ 9,682
Amortized Cost	[12],[14],[31]	9,593
Fair Value	[12],[14],[31]	$ 9,585
Percentage of Net Assets	[12],[14],[31]	0.30%		0.30%		0.30%
Investment, Identifier [Axis]: CloudPay, Inc., Series E Preferred Stock
Schedule of Investments [Line Items]
Interest, PIK	[14],[15],[25],[28]	13.50%		13.50%		13.50%
Units (in shares) | shares	[14],[15],[25],[28]	8,252,741		8,252,741		8,252,741
Amortized Cost	[14],[15],[25],[28]	$ 8,253
Fair Value	[14],[15],[25],[28]	$ 8,253
Percentage of Net Assets	[14],[15],[25],[28]	0.20%		0.20%		0.20%
Investment, Identifier [Axis]: Community Brands ParentCo, LLC, First lien senior secured delayed draw term loan
Schedule of Investments [Line Items]
Interest	[17],[18],[23],[36],[40]							5.50%		5.50%		5.50%
Par / Units	[17],[18],[23],[36],[40]							$ 0
Amortized Cost	[17],[18],[23],[36],[40]							(10)
Fair Value	[17],[18],[23],[36],[40]							$ 0
Percentage of Net Assets	[17],[18],[23],[36],[40]							0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Community Brands ParentCo, LLC, First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[17],[18],[22]							5.50%		5.50%		5.50%
Par / Units	[17],[18],[22]							$ 12,527
Amortized Cost	[17],[18],[22]							12,342
Fair Value	[17],[18],[22]							$ 12,402
Percentage of Net Assets	[17],[18],[22]							0.40%		0.40%		0.40%
Investment, Identifier [Axis]: Community Brands ParentCo, LLC, First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest	[17],[18],[23],[36]							5.50%		5.50%		5.50%
Par / Units	[17],[18],[23],[36]							$ 0
Amortized Cost	[17],[18],[23],[36]							(10)
Fair Value	[17],[18],[23],[36]							$ (8)
Percentage of Net Assets	[17],[18],[23],[36]							0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Computer Services, Inc. (dba CSI), First lien senior secured delayed draw term loan
Schedule of Investments [Line Items]
Interest	[12],[14],[20],[21],[30]	5.25%		5.25%		5.25%
Par / Units	[12],[14],[20],[21],[30]	$ 0
Amortized Cost	[12],[14],[20],[21],[30]	(20)
Fair Value	[12],[14],[20],[21],[30]	$ 0
Percentage of Net Assets	[12],[14],[20],[21],[30]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Computer Services, Inc. (dba CSI), First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[12],[14],[31]	5.25%		5.25%		5.25%
Par / Units	[12],[14],[31]	$ 34,053
Amortized Cost	[12],[14],[31]	33,876
Fair Value	[12],[14],[31]	$ 33,920
Percentage of Net Assets	[12],[14],[31]	0.90%		0.90%		0.90%
Investment, Identifier [Axis]: Computer Services, Inc., First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[16],[17],[18]							6.75%		6.75%		6.75%
Par / Units	[16],[17],[18]							$ 1,160
Amortized Cost	[16],[17],[18]							1,140
Fair Value	[16],[17],[18]							$ 1,158
Percentage of Net Assets	[16],[17],[18]							0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Cornerstone OnDemand, Inc., Second lien senior secured loan
Schedule of Investments [Line Items]
Interest		6.50%	[12],[13],[14]	6.50%	[12],[13],[14]	6.50%	[12],[13],[14]	6.50%	[17],[18],[22]	6.50%	[17],[18],[22]	6.50%	[17],[18],[22]
Par / Units		$ 71,667	[12],[13],[14]					$ 71,667	[17],[18],[22]
Amortized Cost		70,898	[12],[13],[14]					70,816	[17],[18],[22]
Fair Value		$ 65,038	[12],[13],[14]					$ 67,367	[17],[18],[22]
Percentage of Net Assets		1.80%	[12],[13],[14]	1.80%	[12],[13],[14]	1.80%	[12],[13],[14]	1.90%	[17],[18],[22]	1.90%	[17],[18],[22]	1.90%	[17],[18],[22]
Investment, Identifier [Axis]: Coupa Holdings, LLC, First lien senior secured delayed draw term loan
Schedule of Investments [Line Items]
Interest		5.50%	[12],[14],[20],[30]	5.50%	[12],[14],[20],[30]	5.50%	[12],[14],[20],[30]	7.50%	[17],[18],[23],[36],[40]	7.50%	[17],[18],[23],[36],[40]	7.50%	[17],[18],[23],[36],[40]
Par / Units		$ 0	[12],[14],[20],[30]					$ 0	[17],[18],[23],[36],[40]
Amortized Cost		0	[12],[14],[20],[30]					(1)	[17],[18],[23],[36],[40]
Fair Value		$ 0	[12],[14],[20],[30]					$ (1)	[17],[18],[23],[36],[40]
Percentage of Net Assets		0.00%	[12],[14],[20],[30]	0.00%	[12],[14],[20],[30]	0.00%	[12],[14],[20],[30]	0.00%	[17],[18],[23],[36],[40]	0.00%	[17],[18],[23],[36],[40]	0.00%	[17],[18],[23],[36],[40]
Investment, Identifier [Axis]: Coupa Holdings, LLC, First lien senior secured loan
Schedule of Investments [Line Items]
Interest		5.50%	[12],[14],[31]	5.50%	[12],[14],[31]	5.50%	[12],[14],[31]	7.50%	[17],[18],[22]	7.50%	[17],[18],[22]	7.50%	[17],[18],[22]
Par / Units		$ 783	[12],[14],[31]					$ 785	[17],[18],[22]
Amortized Cost		783	[12],[14],[31]					767	[17],[18],[22]
Fair Value		$ 783	[12],[14],[31]					$ 770	[17],[18],[22]
Percentage of Net Assets		0.00%	[12],[14],[31]	0.00%	[12],[14],[31]	0.00%	[12],[14],[31]	0.00%	[17],[18],[22]	0.00%	[17],[18],[22]	0.00%	[17],[18],[22]
Investment, Identifier [Axis]: Coupa Holdings, LLC, First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		5.50%	[12],[14],[20]	5.50%	[12],[14],[20]	5.50%	[12],[14],[20]	7.50%	[17],[18],[23],[36]	7.50%	[17],[18],[23],[36]	7.50%	[17],[18],[23],[36]
Par / Units		$ 0	[12],[14],[20]					$ 0	[17],[18],[23],[36]
Amortized Cost		0	[12],[14],[20]					(1)	[17],[18],[23],[36]
Fair Value		$ 0	[12],[14],[20]					$ (1)	[17],[18],[23],[36]
Percentage of Net Assets		0.00%	[12],[14],[20]	0.00%	[12],[14],[20]	0.00%	[12],[14],[20]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]
Investment, Identifier [Axis]: Crewline Buyer, Inc. (dba New Relic), First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[12],[14],[31]	6.75%		6.75%		6.75%
Par / Units	[12],[14],[31]	$ 90,566
Amortized Cost	[12],[14],[31]	89,328
Fair Value	[12],[14],[31]	$ 90,340
Percentage of Net Assets	[12],[14],[31]	2.50%		2.50%		2.50%
Investment, Identifier [Axis]: Crewline Buyer, Inc. (dba New Relic), First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest	[12],[14],[20],[21]	6.75%		6.75%		6.75%
Par / Units	[12],[14],[20],[21]	$ 0
Amortized Cost	[12],[14],[20],[21]	(123)
Fair Value	[12],[14],[20],[21]	$ (24)
Percentage of Net Assets	[12],[14],[20],[21]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Crewline Buyer, Inc., First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[16],[17],[18]							6.75%		6.75%		6.75%
Par / Units	[16],[17],[18]							$ 90,566
Amortized Cost	[16],[17],[18]							89,227
Fair Value	[16],[17],[18]							$ 89,208
Percentage of Net Assets	[16],[17],[18]							2.50%		2.50%		2.50%
Investment, Identifier [Axis]: Crewline Buyer, Inc., First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest	[17],[18],[23],[36]							6.75%		6.75%		6.75%
Par / Units	[17],[18],[23],[36]							$ 0
Amortized Cost	[17],[18],[23],[36]							(139)
Fair Value	[17],[18],[23],[36]							$ (142)
Percentage of Net Assets	[17],[18],[23],[36]							0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Datix Bidco Limited (dba RLDatix), First lien senior secured GBP term loan
Schedule of Investments [Line Items]
Interest	[17],[18],[19],[38]							4.50%		4.50%		4.50%
Par / Units | £	[17],[18],[19],[38]									£ 637
Amortized Cost	[17],[18],[19],[38]							$ 869
Fair Value	[17],[18],[19],[38]							$ 813
Percentage of Net Assets	[17],[18],[19],[38]							0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Datix Bidco Limited (dba RLDatix), Second lien senior secured GBP term loan
Schedule of Investments [Line Items]
Interest	[17],[18],[19],[38]							7.75%		7.75%		7.75%
Par / Units | £	[17],[18],[19],[38]									£ 6,667
Amortized Cost	[17],[18],[19],[38]							$ 9,066
Fair Value	[17],[18],[19],[38]							$ 8,499
Percentage of Net Assets	[17],[18],[19],[38]							0.20%		0.20%		0.20%
Investment, Identifier [Axis]: Delinea Buyer, Inc. (f/k/a Centrify), First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[16],[17],[18]							5.75%		5.75%		5.75%
Par / Units	[16],[17],[18]							$ 78,494
Amortized Cost	[16],[17],[18]							77,184
Fair Value	[16],[17],[18]							$ 78,102
Percentage of Net Assets	[16],[17],[18]							2.20%		2.20%		2.20%
Investment, Identifier [Axis]: Delinea Buyer, Inc. (f/k/a Centrify), First lien senior secured loan 1
Schedule of Investments [Line Items]
Interest	[12],[14],[31]	5.75%		5.75%		5.75%
Par / Units	[12],[14],[31]	$ 77,890
Amortized Cost	[12],[14],[31]	76,782
Fair Value	[12],[14],[31]	$ 77,890
Percentage of Net Assets	[12],[14],[31]	2.20%		2.20%		2.20%
Investment, Identifier [Axis]: Delinea Buyer, Inc. (f/k/a Centrify), First lien senior secured loan 2
Schedule of Investments [Line Items]
Interest	[12],[14],[31]	6.00%		6.00%		6.00%
Par / Units	[12],[14],[31]	$ 28,109
Amortized Cost	[12],[14],[31]	27,602
Fair Value	[12],[14],[31]	$ 28,109
Percentage of Net Assets	[12],[14],[31]	0.80%		0.80%		0.80%
Investment, Identifier [Axis]: Delinea Buyer, Inc. (f/k/a Centrify), First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		5.75%	[12],[14],[20],[21]	5.75%	[12],[14],[20],[21]	5.75%	[12],[14],[20],[21]	5.75%	[17],[18],[23],[36]	5.75%	[17],[18],[23],[36]	5.75%	[17],[18],[23],[36]
Par / Units		$ 0	[12],[14],[20],[21]					$ 0	[17],[18],[23],[36]
Amortized Cost		(97)	[12],[14],[20],[21]					(127)	[17],[18],[23],[36]
Fair Value		$ 0	[12],[14],[20],[21]					$ (41)	[17],[18],[23],[36]
Percentage of Net Assets		0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]
Investment, Identifier [Axis]: Delta TopCo, Inc. (dba Infoblox, Inc.), Second lien senior secured loan
Schedule of Investments [Line Items]
Interest		5.25%	[12],[33],[39]	5.25%	[12],[33],[39]	5.25%	[12],[33],[39]	7.25%	[16],[17],[18]	7.25%	[16],[17],[18]	7.25%	[16],[17],[18]
Par / Units		$ 13,500	[12],[33],[39]					$ 20,000	[16],[17],[18]
Amortized Cost		13,433	[12],[33],[39]					19,931	[16],[17],[18]
Fair Value		$ 13,557	[12],[33],[39]					$ 20,000	[16],[17],[18]
Percentage of Net Assets		0.40%	[12],[33],[39]	0.40%	[12],[33],[39]	0.40%	[12],[33],[39]	0.60%	[16],[17],[18]	0.60%	[16],[17],[18]	0.60%	[16],[17],[18]
Investment, Identifier [Axis]: Diamond Insure Bidco (dba Acturis), First lien senior secured EUR term loan
Schedule of Investments [Line Items]
Interest	[12],[14]	4.25%		4.25%		4.25%
Par / Units | €	[12],[14]					€ 625
Amortized Cost	[12],[14]	$ 657
Fair Value	[12],[14]	$ 683
Percentage of Net Assets	[12],[14]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Diamond Insure Bidco (dba Acturis), First lien senior secured GBP term loan
Schedule of Investments [Line Items]
Interest	[12],[14],[37]	4.50%		4.50%		4.50%
Par / Units | £	[12],[14],[37]			£ 2,042
Amortized Cost	[12],[14],[37]	$ 2,532
Fair Value	[12],[14],[37]	$ 2,684
Percentage of Net Assets	[12],[14],[37]	0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Diamondback Acquisition, Inc. (dba Sphera), First lien senior secured loan
Schedule of Investments [Line Items]
Interest		5.50%	[12],[13],[14]	5.50%	[12],[13],[14]	5.50%	[12],[13],[14]	5.50%	[17],[18],[22]	5.50%	[17],[18],[22]	5.50%	[17],[18],[22]
Par / Units		$ 76,060	[12],[13],[14]					$ 76,649	[17],[18],[22]
Amortized Cost		75,090	[12],[13],[14]					75,525	[17],[18],[22]
Fair Value		$ 75,300	[12],[13],[14]					$ 75,499	[17],[18],[22]
Percentage of Net Assets		2.10%	[12],[13],[14]	2.10%	[12],[13],[14]	2.10%	[12],[13],[14]	2.10%	[17],[18],[22]	2.10%	[17],[18],[22]	2.10%	[17],[18],[22]
Investment, Identifier [Axis]: Diligent Corporation, First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[16],[17]							6.25%		6.25%		6.25%
Par / Units	[16],[17]							$ 24,623
Amortized Cost	[16],[17]							24,250
Fair Value	[16],[17]							$ 24,315
Percentage of Net Assets	[16],[17]							0.70%		0.70%		0.70%
Investment, Identifier [Axis]: Diligent Corporation, First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest	[16],[17],[23]							6.25%		6.25%		6.25%
Par / Units	[16],[17],[23]							$ 823
Amortized Cost	[16],[17],[23]							810
Fair Value	[16],[17],[23]							$ 803
Percentage of Net Assets	[16],[17],[23]							0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Diligent Preferred Issuer, Inc. (dba Diligent Corporation), Preferred Stock
Schedule of Investments [Line Items]
Interest, PIK		10.50%	[14],[25],[28]	10.50%	[14],[25],[28]	10.50%	[14],[25],[28]	10.50%	[18],[27],[29]	10.50%	[18],[27],[29]	10.50%	[18],[27],[29]
Units (in shares) | shares		15,000	[14],[25],[28]	15,000	[14],[25],[28]	15,000	[14],[25],[28]	15,000	[18],[27],[29]	15,000	[18],[27],[29]	15,000	[18],[27],[29]
Amortized Cost		$ 21,139	[14],[25],[28]					$ 19,044	[18],[27],[29]
Fair Value		$ 20,515	[14],[25],[28]					$ 18,481	[18],[27],[29]
Percentage of Net Assets		0.60%	[14],[25],[28]	0.60%	[14],[25],[28]	0.60%	[14],[25],[28]	0.50%	[18],[27],[29]	0.50%	[18],[27],[29]	0.50%	[18],[27],[29]
Investment, Identifier [Axis]: Disco Parent, Inc. (dba Duck Creek Technologies, Inc.), First lien senior secured loan
Schedule of Investments [Line Items]
Interest		7.50%	[12],[14],[31]	7.50%	[12],[14],[31]	7.50%	[12],[14],[31]	7.50%	[16],[17],[18]	7.50%	[16],[17],[18]	7.50%	[16],[17],[18]
Par / Units		$ 909	[12],[14],[31]					$ 909	[16],[17],[18]
Amortized Cost		891	[12],[14],[31]					888	[16],[17],[18]
Fair Value		$ 905	[12],[14],[31]					$ 895	[16],[17],[18]
Percentage of Net Assets		0.00%	[12],[14],[31]	0.00%	[12],[14],[31]	0.00%	[12],[14],[31]	0.00%	[16],[17],[18]	0.00%	[16],[17],[18]	0.00%	[16],[17],[18]
Investment, Identifier [Axis]: Disco Parent, Inc. (dba Duck Creek Technologies, Inc.), First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		7.50%	[12],[14],[20],[21]	7.50%	[12],[14],[20],[21]	7.50%	[12],[14],[20],[21]	7.50%	[17],[18],[23],[36]	7.50%	[17],[18],[23],[36]	7.50%	[17],[18],[23],[36]
Par / Units		$ 0	[12],[14],[20],[21]					$ 0	[17],[18],[23],[36]
Amortized Cost		(2)	[12],[14],[20],[21]					(2)	[17],[18],[23],[36]
Fair Value		$ 0	[12],[14],[20],[21]					$ (1)	[17],[18],[23],[36]
Percentage of Net Assets		0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]
Investment, Identifier [Axis]: Dodge Construction Network Holdings, L.P., Class A-2 Common Units
Schedule of Investments [Line Items]
Units (in shares) | shares		3,333,000	[14],[24],[25]	3,333,000	[14],[24],[25]	3,333,000	[14],[24],[25]	3,333,333	[18],[26],[27]	3,333,333	[18],[26],[27]	3,333,333	[18],[26],[27]
Amortized Cost		$ 2,841	[14],[24],[25]					$ 2,841	[18],[26],[27]
Fair Value		$ 1,394	[14],[24],[25]					$ 2,281	[18],[26],[27]
Percentage of Net Assets		0.00%	[14],[24],[25]	0.00%	[14],[24],[25]	0.00%	[14],[24],[25]	0.10%	[18],[26],[27]	0.10%	[18],[26],[27]	0.10%	[18],[26],[27]
Investment, Identifier [Axis]: Dodge Construction Network Holdings, L.P., Series A Preferred Units
Schedule of Investments [Line Items]
Interest		8.25%	[12],[14],[25]	8.25%	[12],[14],[25]	8.25%	[12],[14],[25]	8.25%	[18],[27]	8.25%	[18],[27]	8.25%	[18],[27]
Units (in shares) | shares		0	[12],[14],[25]	0	[12],[14],[25]	0	[12],[14],[25]	0	[18],[27]	0	[18],[27]	0	[18],[27]
Amortized Cost		$ 69	[12],[14],[25]					$ 69	[18],[27]
Fair Value		$ 42	[12],[14],[25]					$ 49	[18],[27]
Percentage of Net Assets		0.00%	[12],[14],[25]	0.00%	[12],[14],[25]	0.00%	[12],[14],[25]	0.00%	[18],[27]	0.00%	[18],[27]	0.00%	[18],[27]
Investment, Identifier [Axis]: E2Open Parent Holdings, Inc., Class A Common Stock
Schedule of Investments [Line Items]
Units (in shares) | shares		1,650,943	[15],[24],[35]	1,650,943	[15],[24],[35]	1,650,943	[15],[24],[35]	1,650,943	[19],[26],[43]	1,650,943	[19],[26],[43]	1,650,943	[19],[26],[43]
Amortized Cost		$ 17,504	[15],[24],[35]					$ 17,504	[19],[26],[43]
Fair Value		$ 7,281	[15],[24],[35]					$ 7,248	[19],[26],[43]
Percentage of Net Assets		0.20%	[15],[24],[35]	0.20%	[15],[24],[35]	0.20%	[15],[24],[35]	0.20%	[19],[26],[43]	0.20%	[19],[26],[43]	0.20%	[19],[26],[43]
Investment, Identifier [Axis]: EET Buyer, Inc. (dba e-Emphasys), First lien senior secured delayed draw term loan
Schedule of Investments [Line Items]
Interest	[12],[14],[20],[21],[30]	5.25%		5.25%		5.25%
Par / Units	[12],[14],[20],[21],[30]	$ 0
Amortized Cost	[12],[14],[20],[21],[30]	(5)
Fair Value	[12],[14],[20],[21],[30]	$ 0
Percentage of Net Assets	[12],[14],[20],[21],[30]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: EET Buyer, Inc. (dba e-Emphasys), First lien senior secured loan
Schedule of Investments [Line Items]
Interest		5.00%	[12],[14],[31]	5.00%	[12],[14],[31]	5.00%	[12],[14],[31]	6.50%	[16],[17],[18]	6.50%	[16],[17],[18]	6.50%	[16],[17],[18]
Par / Units		$ 56,199	[12],[14],[31]					$ 54,261	[16],[17],[18]
Amortized Cost		55,792	[12],[14],[31]					53,822	[16],[17],[18]
Fair Value		$ 56,199	[12],[14],[31]					$ 54,261	[16],[17],[18]
Percentage of Net Assets		1.60%	[12],[14],[31]	1.60%	[12],[14],[31]	1.60%	[12],[14],[31]	1.50%	[16],[17],[18]	1.50%	[16],[17],[18]	1.50%	[16],[17],[18]
Investment, Identifier [Axis]: EET Buyer, Inc. (dba e-Emphasys), First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		5.25%	[12],[14],[20],[21]	5.25%	[12],[14],[20],[21]	5.25%	[12],[14],[20],[21]	6.50%	[17],[18],[23],[32]	6.50%	[17],[18],[23],[32]	6.50%	[17],[18],[23],[32]
Par / Units		$ 0	[12],[14],[20],[21]					$ 1,070	[17],[18],[23],[32]
Amortized Cost		(32)	[12],[14],[20],[21]					1,030	[17],[18],[23],[32]
Fair Value		$ 0	[12],[14],[20],[21]					$ 1,070	[17],[18],[23],[32]
Percentage of Net Assets		0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[17],[18],[23],[32]	0.00%	[17],[18],[23],[32]	0.00%	[17],[18],[23],[32]
Investment, Identifier [Axis]: EShares, Inc. (dba Carta), Series E Preferred Stock
Schedule of Investments [Line Items]
Units (in shares) | shares		186,904	[24],[25]	186,904	[24],[25]	186,904	[24],[25]	186,904	[26],[27]	186,904	[26],[27]	186,904	[26],[27]
Amortized Cost		$ 2,008	[24],[25]					$ 2,008	[26],[27]
Fair Value		$ 3,951	[24],[25]					$ 8,309	[26],[27]
Percentage of Net Assets		0.10%	[24],[25]	0.10%	[24],[25]	0.10%	[24],[25]	0.20%	[26],[27]	0.20%	[26],[27]	0.20%	[26],[27]
Investment, Identifier [Axis]: Elliott Alto Co-Investor Aggregator L.P., LP Interest
Schedule of Investments [Line Items]
Par / Units		$ 1,567	[14],[15],[24],[25]					$ 1,567	[18],[19],[26],[27]
Amortized Cost		1,577	[14],[15],[24],[25]					1,576	[18],[19],[26],[27]
Fair Value		$ 2,189	[14],[15],[24],[25]					$ 1,573	[18],[19],[26],[27]
Percentage of Net Assets		0.10%	[14],[15],[24],[25]	0.10%	[14],[15],[24],[25]	0.10%	[14],[15],[24],[25]	0.00%	[18],[19],[26],[27]	0.00%	[18],[19],[26],[27]	0.00%	[18],[19],[26],[27]
Investment, Identifier [Axis]: Entrata, Inc., First lien senior secured loan
Schedule of Investments [Line Items]
Interest		5.75%	[12],[13],[14]	5.75%	[12],[13],[14]	5.75%	[12],[13],[14]	6.00%	[17],[18],[22]	6.00%	[17],[18],[22]	6.00%	[17],[18],[22]
Par / Units		$ 891	[12],[13],[14]					$ 897	[17],[18],[22]
Amortized Cost		879	[12],[13],[14]					885	[17],[18],[22]
Fair Value		$ 891	[12],[13],[14]					$ 884	[17],[18],[22]
Percentage of Net Assets		0.00%	[12],[13],[14]	0.00%	[12],[13],[14]	0.00%	[12],[13],[14]	0.00%	[17],[18],[22]	0.00%	[17],[18],[22]	0.00%	[17],[18],[22]
Investment, Identifier [Axis]: Entrata, Inc., First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		6.00%	[12],[14],[20],[21]	6.00%	[12],[14],[20],[21]	6.00%	[12],[14],[20],[21]	6.00%	[17],[18],[23],[36]	6.00%	[17],[18],[23],[36]	6.00%	[17],[18],[23],[36]
Par / Units		$ 0	[12],[14],[20],[21]					$ 0	[17],[18],[23],[36]
Amortized Cost		(1)	[12],[14],[20],[21]					(1)	[17],[18],[23],[36]
Fair Value		$ 0	[12],[14],[20],[21]					$ (2)	[17],[18],[23],[36]
Percentage of Net Assets		0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]
Investment, Identifier [Axis]: Exabeam, Inc., First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[29]							12.00%		12.00%		12.00%
Par / Units	[29]							$ 40,000
Amortized Cost	[29]							39,640
Fair Value	[29]							$ 30,400
Percentage of Net Assets	[29]							0.90%		0.90%		0.90%
Investment, Identifier [Axis]: Exabeam, Inc., Series F-1 Preferred Stock
Schedule of Investments [Line Items]
Units (in shares) | shares	[26],[27]							3,340,668		3,340,668		3,340,668
Amortized Cost	[26],[27]							$ 95,669
Fair Value	[26],[27]							$ 85,547
Percentage of Net Assets	[26],[27]							2.40%		2.40%		2.40%
Investment, Identifier [Axis]: Excalibur CombineCo, L.P., Class A Units
Schedule of Investments [Line Items]
Units (in shares) | shares	[14],[24],[25]	97,502		97,502		97,502
Amortized Cost	[14],[24],[25]	$ 99,452
Fair Value	[14],[24],[25]	$ 73,595
Percentage of Net Assets	[14],[24],[25]	2.10%		2.10%		2.10%
Investment, Identifier [Axis]: Fifth Season Investments LLC
Schedule of Investments [Line Items]
Fair Value		$ 79,219						$ 43,904						25,110
Investment, Identifier [Axis]: Fifth Season Investments LLC, Class A Units
Schedule of Investments [Line Items]
Units (in shares) | shares		8	[14],[25],[44],[45]	8	[14],[25],[44],[45]	8	[14],[25],[44],[45]	8	[18],[27],[46],[47]	8	[18],[27],[46],[47]	8	[18],[27],[46],[47]
Amortized Cost		$ 74,324	[14],[25],[44],[45]					$ 43,904	[18],[27],[46],[47]
Fair Value		$ 79,219	[14],[25],[44],[45]					$ 43,904	[18],[27],[46],[47]
Percentage of Net Assets		2.20%	[14],[25],[44],[45]	2.20%	[14],[25],[44],[45]	2.20%	[14],[25],[44],[45]	1.20%	[18],[27],[46],[47]	1.20%	[18],[27],[46],[47]	1.20%	[18],[27],[46],[47]
Investment, Identifier [Axis]: Finastra USA, Inc., First lien senior secured loan
Schedule of Investments [Line Items]
Interest		7.25%	[12],[14],[15],[31]	7.25%	[12],[14],[15],[31]	7.25%	[12],[14],[15],[31]	7.25%	[17],[18],[19],[32]	7.25%	[17],[18],[19],[32]	7.25%	[17],[18],[19],[32]
Par / Units		$ 71,723	[12],[14],[15],[31]					$ 72,084	[17],[18],[19],[32]
Amortized Cost		71,020	[12],[14],[15],[31]					71,363	[17],[18],[19],[32]
Fair Value		$ 71,723	[12],[14],[15],[31]					$ 71,363	[17],[18],[19],[32]
Percentage of Net Assets		2.00%	[12],[14],[15],[31]	2.00%	[12],[14],[15],[31]	2.00%	[12],[14],[15],[31]	2.00%	[17],[18],[19],[32]	2.00%	[17],[18],[19],[32]	2.00%	[17],[18],[19],[32]
Investment, Identifier [Axis]: Finastra USA, Inc., First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		7.25%	[12],[14],[15],[20],[31]	7.25%	[12],[14],[15],[20],[31]	7.25%	[12],[14],[15],[20],[31]	7.25%	[17],[18],[19],[22],[23]	7.25%	[17],[18],[19],[22],[23]	7.25%	[17],[18],[19],[22],[23]
Par / Units		$ 3,463	[12],[14],[15],[20],[31]					$ 1,979	[17],[18],[19],[22],[23]
Amortized Cost		3,389	[12],[14],[15],[20],[31]					1,904	[17],[18],[19],[22],[23]
Fair Value		$ 3,463	[12],[14],[15],[20],[31]					$ 1,904	[17],[18],[19],[22],[23]
Percentage of Net Assets		0.10%	[12],[14],[15],[20],[31]	0.10%	[12],[14],[15],[20],[31]	0.10%	[12],[14],[15],[20],[31]	0.10%	[17],[18],[19],[22],[23]	0.10%	[17],[18],[19],[22],[23]	0.10%	[17],[18],[19],[22],[23]
Investment, Identifier [Axis]: Forescout Technologies, Inc., First lien senior secured delayed draw term loan
Schedule of Investments [Line Items]
Interest	[17],[18],[23],[36],[40]							8.00%		8.00%		8.00%
Par / Units	[17],[18],[23],[36],[40]							$ 0
Amortized Cost	[17],[18],[23],[36],[40]							(103)
Fair Value	[17],[18],[23],[36],[40]							$ 0
Percentage of Net Assets	[17],[18],[23],[36],[40]							0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Forescout Technologies, Inc., First lien senior secured loan
Schedule of Investments [Line Items]
Interest		5.00%	[12],[14],[31]	5.00%	[12],[14],[31]	5.00%	[12],[14],[31]	8.00%	[16],[17],[18]	8.00%	[16],[17],[18]	8.00%	[16],[17],[18]
Par / Units		$ 66,750	[12],[14],[31]					$ 69,292	[16],[17],[18]
Amortized Cost		66,475	[12],[14],[31]					68,870	[16],[17],[18]
Fair Value		$ 66,464	[12],[14],[31]					$ 69,638	[16],[17],[18]
Percentage of Net Assets		1.90%	[12],[14],[31]	1.90%	[12],[14],[31]	1.90%	[12],[14],[31]	2.00%	[16],[17],[18]	2.00%	[16],[17],[18]	2.00%	[16],[17],[18]
Investment, Identifier [Axis]: Forescout Technologies, Inc., First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		5.00%	[12],[14],[20],[21]	5.00%	[12],[14],[20],[21]	5.00%	[12],[14],[20],[21]	8.00%	[17],[18],[23],[36]	8.00%	[17],[18],[23],[36]	8.00%	[17],[18],[23],[36]
Par / Units		$ 0	[12],[14],[20],[21]					$ 0	[17],[18],[23],[36]
Amortized Cost		(19)	[12],[14],[20],[21]					(47)	[17],[18],[23],[36]
Fair Value		$ (20)	[12],[14],[20],[21]					$ 0	[17],[18],[23],[36]
Percentage of Net Assets		0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]
Investment, Identifier [Axis]: Fullsteam Operations, LLC, First lien senior secured delayed draw term loan
Schedule of Investments [Line Items]
Interest		8.25%	[12],[14],[20],[30],[31]	8.25%	[12],[14],[20],[30],[31]	8.25%	[12],[14],[20],[30],[31]	8.25%	[16],[17],[18],[23],[40]	8.25%	[16],[17],[18],[23],[40]	8.25%	[16],[17],[18],[23],[40]
Par / Units		$ 4,536	[12],[14],[20],[30],[31]					$ 1,009	[16],[17],[18],[23],[40]
Amortized Cost		4,360	[12],[14],[20],[30],[31]					923	[16],[17],[18],[23],[40]
Fair Value		$ 4,517	[12],[14],[20],[30],[31]					$ 922	[16],[17],[18],[23],[40]
Percentage of Net Assets		0.10%	[12],[14],[20],[30],[31]	0.10%	[12],[14],[20],[30],[31]	0.10%	[12],[14],[20],[30],[31]	0.00%	[16],[17],[18],[23],[40]	0.00%	[16],[17],[18],[23],[40]	0.00%	[16],[17],[18],[23],[40]
Investment, Identifier [Axis]: Fullsteam Operations, LLC, First lien senior secured loan
Schedule of Investments [Line Items]
Interest		8.25%	[12],[14],[31]	8.25%	[12],[14],[31]	8.25%	[12],[14],[31]	8.25%	[16],[17],[18]	8.25%	[16],[17],[18]	8.25%	[16],[17],[18]
Par / Units		$ 10,593	[12],[14],[31]					$ 10,593	[16],[17],[18]
Amortized Cost		10,303	[12],[14],[31]					10,278	[16],[17],[18]
Fair Value		$ 10,593	[12],[14],[31]					$ 10,275	[16],[17],[18]
Percentage of Net Assets		0.30%	[12],[14],[31]	0.30%	[12],[14],[31]	0.30%	[12],[14],[31]	0.30%	[16],[17],[18]	0.30%	[16],[17],[18]	0.30%	[16],[17],[18]
Investment, Identifier [Axis]: Fullsteam Operations, LLC, First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		8.25%	[12],[14],[20],[21]	8.25%	[12],[14],[20],[21]	8.25%	[12],[14],[20],[21]	8.25%	[17],[18],[23],[36]	8.25%	[17],[18],[23],[36]	8.25%	[17],[18],[23],[36]
Par / Units		$ 0	[12],[14],[20],[21]					$ 0	[17],[18],[23],[36]
Amortized Cost		(14)	[12],[14],[20],[21]					(17)	[17],[18],[23],[36]
Fair Value		$ 0	[12],[14],[20],[21]					$ (18)	[17],[18],[23],[36]
Percentage of Net Assets		0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]
Investment, Identifier [Axis]: GI Ranger Intermediate, LLC (dba Rectangle Health), First lien senior secured loan
Schedule of Investments [Line Items]
Interest		6.00%	[12],[14],[31]	6.00%	[12],[14],[31]	6.00%	[12],[14],[31]	5.75%	[16],[17],[18]	5.75%	[16],[17],[18]	5.75%	[16],[17],[18]
Par / Units		$ 27,024	[12],[14],[31]					$ 27,233	[16],[17],[18]
Amortized Cost		26,650	[12],[14],[31]					26,826	[16],[17],[18]
Fair Value		$ 26,551	[12],[14],[31]					$ 26,825	[16],[17],[18]
Percentage of Net Assets		0.70%	[12],[14],[31]	0.70%	[12],[14],[31]	0.70%	[12],[14],[31]	0.80%	[16],[17],[18]	0.80%	[16],[17],[18]	0.80%	[16],[17],[18]
Investment, Identifier [Axis]: GI Ranger Intermediate, LLC (dba Rectangle Health), First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		6.00%	[12],[14],[20],[21]	6.00%	[12],[14],[20],[21]	6.00%	[12],[14],[20],[21]	5.75%	[16],[17],[18],[23]	5.75%	[16],[17],[18],[23]	5.75%	[16],[17],[18],[23]
Par / Units		$ 0	[12],[14],[20],[21]					$ 1,327	[16],[17],[18],[23]
Amortized Cost		(23)	[12],[14],[20],[21]					1,299	[16],[17],[18],[23]
Fair Value		$ (39)	[12],[14],[20],[21]					$ 1,294	[16],[17],[18],[23]
Percentage of Net Assets		0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[16],[17],[18],[23]	0.00%	[16],[17],[18],[23]	0.00%	[16],[17],[18],[23]
Investment, Identifier [Axis]: GS Acquisitionco, Inc. (dba insightsoftware), First lien senior secured delayed draw term loan
Schedule of Investments [Line Items]
Interest	[12],[14],[20],[21],[30]	5.25%		5.25%		5.25%
Par / Units	[12],[14],[20],[21],[30]	$ 0
Amortized Cost	[12],[14],[20],[21],[30]	(5)
Fair Value	[12],[14],[20],[21],[30]	$ (10)
Percentage of Net Assets	[12],[14],[20],[21],[30]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: GS Acquisitionco, Inc. (dba insightsoftware), First lien senior secured loan
Schedule of Investments [Line Items]
Interest		5.25%	[12],[14],[31]	5.25%	[12],[14],[31]	5.25%	[12],[14],[31]	5.50%	[16],[17],[18]	5.50%	[16],[17],[18]	5.50%	[16],[17],[18]
Par / Units		$ 52,529	[12],[14],[31]					$ 49,021	[16],[17],[18]
Amortized Cost		52,345	[12],[14],[31]					48,785	[16],[17],[18]
Fair Value		$ 52,135	[12],[14],[31]					$ 48,899	[16],[17],[18]
Percentage of Net Assets		1.50%	[12],[14],[31]	1.50%	[12],[14],[31]	1.50%	[12],[14],[31]	1.40%	[16],[17],[18]	1.40%	[16],[17],[18]	1.40%	[16],[17],[18]
Investment, Identifier [Axis]: GS Acquisitionco, Inc. (dba insightsoftware), First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		5.25%	[12],[14],[20],[31]	5.25%	[12],[14],[20],[31]	5.25%	[12],[14],[20],[31]	5.50%	[17],[18],[23],[36]	5.50%	[17],[18],[23],[36]	5.50%	[17],[18],[23],[36]
Par / Units		$ 622	[12],[14],[20],[31]					$ 0	[17],[18],[23],[36]
Amortized Cost		608	[12],[14],[20],[31]					(13)	[17],[18],[23],[36]
Fair Value		$ 586	[12],[14],[20],[31]					$ (8)	[17],[18],[23],[36]
Percentage of Net Assets		0.00%	[12],[14],[20],[31]	0.00%	[12],[14],[20],[31]	0.00%	[12],[14],[20],[31]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]
Investment, Identifier [Axis]: Gainsight, Inc., First lien senior secured loan
Schedule of Investments [Line Items]
Interest, PIK		6.75%	[12],[14],[31]	6.75%	[12],[14],[31]	6.75%	[12],[14],[31]	6.75%	[16],[17],[18]	6.75%	[16],[17],[18]	6.75%	[16],[17],[18]
Par / Units		$ 67,754	[12],[14],[31]					$ 61,814	[16],[17],[18]
Amortized Cost		67,259	[12],[14],[31]					61,212	[16],[17],[18]
Fair Value		$ 67,754	[12],[14],[31]					$ 61,196	[16],[17],[18]
Percentage of Net Assets		1.90%	[12],[14],[31]	1.90%	[12],[14],[31]	1.90%	[12],[14],[31]	1.70%	[16],[17],[18]	1.70%	[16],[17],[18]	1.70%	[16],[17],[18]
Investment, Identifier [Axis]: Gainsight, Inc., First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest, PIK		6.75%	[12],[14],[20],[31]	6.75%	[12],[14],[20],[31]	6.75%	[12],[14],[20],[31]	6.75%	[16],[17],[18],[23]	6.75%	[16],[17],[18],[23]	6.75%	[16],[17],[18],[23]
Par / Units		$ 2,933	[12],[14],[20],[31]					$ 2,676	[16],[17],[18],[23]
Amortized Cost		2,889	[12],[14],[20],[31]					2,621	[16],[17],[18],[23]
Fair Value		$ 2,933	[12],[14],[20],[31]					$ 2,622	[16],[17],[18],[23]
Percentage of Net Assets		0.10%	[12],[14],[20],[31]	0.10%	[12],[14],[20],[31]	0.10%	[12],[14],[20],[31]	0.10%	[16],[17],[18],[23]	0.10%	[16],[17],[18],[23]	0.10%	[16],[17],[18],[23]
Investment, Identifier [Axis]: Gerson Lehrman Group, Inc., First lien senior secured loan
Schedule of Investments [Line Items]
Interest		5.25%	[12],[14],[31]	5.25%	[12],[14],[31]	5.25%	[12],[14],[31]	5.25%	[16],[17],[18]	5.25%	[16],[17],[18]	5.25%	[16],[17],[18]
Par / Units		$ 18,895	[12],[14],[31]					$ 80,348	[16],[17],[18]
Amortized Cost		18,753	[12],[14],[31]					80,125	[16],[17],[18]
Fair Value		$ 18,848	[12],[14],[31]					$ 80,348	[16],[17],[18]
Percentage of Net Assets		0.50%	[12],[14],[31]	0.50%	[12],[14],[31]	0.50%	[12],[14],[31]	2.30%	[16],[17],[18]	2.30%	[16],[17],[18]	2.30%	[16],[17],[18]
Investment, Identifier [Axis]: Gerson Lehrman Group, Inc., First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		5.25%	[12],[14],[20],[21]	5.25%	[12],[14],[20],[21]	5.25%	[12],[14],[20],[21]	5.25%	[17],[18],[23],[36]	5.25%	[17],[18],[23],[36]	5.25%	[17],[18],[23],[36]
Par / Units		$ 0	[12],[14],[20],[21]					$ 0	[17],[18],[23],[36]
Amortized Cost		(7)	[12],[14],[20],[21]					(6)	[17],[18],[23],[36]
Fair Value		$ (2)	[12],[14],[20],[21]					$ 0	[17],[18],[23],[36]
Percentage of Net Assets		0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]
Investment, Identifier [Axis]: Granicus, Inc., First lien senior secured delayed draw term loan
Schedule of Investments [Line Items]
Interest	[12],[13],[14],[30]	5.25%		5.25%		5.25%
Interest, PIK	[12],[13],[14],[30]	2.25%		2.25%		2.25%
Par / Units	[12],[13],[14],[30]	$ 290
Amortized Cost	[12],[13],[14],[30]	287
Fair Value	[12],[13],[14],[30]	$ 287
Percentage of Net Assets	[12],[13],[14],[30]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Granicus, Inc., First lien senior secured loan
Schedule of Investments [Line Items]
Interest		5.75%	[12],[14],[31]	5.75%	[12],[14],[31]	5.75%	[12],[14],[31]	5.50%	[16],[17],[18]	5.50%	[16],[17],[18]	5.50%	[16],[17],[18]
Interest, PIK	[12],[14],[31]	2.25%		2.25%		2.25%
Par / Units		$ 1,954	[12],[14],[31]					$ 35,152	[16],[17],[18]
Amortized Cost		1,936	[12],[14],[31]					34,686	[16],[17],[18]
Fair Value		$ 1,954	[12],[14],[31]					$ 35,064	[16],[17],[18]
Percentage of Net Assets		0.10%	[12],[14],[31]	0.10%	[12],[14],[31]	0.10%	[12],[14],[31]	1.00%	[16],[17],[18]	1.00%	[16],[17],[18]	1.00%	[16],[17],[18]
Investment, Identifier [Axis]: Granicus, Inc., First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		5.25%	[12],[14],[20],[21]	5.25%	[12],[14],[20],[21]	5.25%	[12],[14],[20],[21]	6.50%	[16],[17],[18],[23]	6.50%	[16],[17],[18],[23]	6.50%	[16],[17],[18],[23]
Par / Units		$ 0	[12],[14],[20],[21]					$ 546	[16],[17],[18],[23]
Amortized Cost		(2)	[12],[14],[20],[21]					514	[16],[17],[18],[23]
Fair Value		$ 0	[12],[14],[20],[21]					$ 539	[16],[17],[18],[23]
Percentage of Net Assets		0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[16],[17],[18],[23]	0.00%	[16],[17],[18],[23]	0.00%	[16],[17],[18],[23]
Investment, Identifier [Axis]: Grayshift, LLC, First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[17],[18],[19],[22]							8.00%		8.00%		8.00%
Par / Units	[17],[18],[19],[22]							$ 21,062
Amortized Cost	[17],[18],[19],[22]							20,819
Fair Value	[17],[18],[19],[22]							$ 20,747
Percentage of Net Assets	[17],[18],[19],[22]							0.60%		0.60%		0.60%
Investment, Identifier [Axis]: Grayshift, LLC, First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest	[17],[18],[19],[23],[36]							8.00%		8.00%		8.00%
Par / Units	[17],[18],[19],[23],[36]							$ 0
Amortized Cost	[17],[18],[19],[23],[36]							(7)
Fair Value	[17],[18],[19],[23],[36]							$ (15)
Percentage of Net Assets	[17],[18],[19],[23],[36]							0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Greenway Health, LLC, First lien senior secured loan
Schedule of Investments [Line Items]
Interest		6.75%	[12],[14],[33]	6.75%	[12],[14],[33]	6.75%	[12],[14],[33]	6.75%	[17],[18],[32]	6.75%	[17],[18],[32]	6.75%	[17],[18],[32]
Par / Units		$ 8,707	[12],[14],[33]					$ 8,751	[17],[18],[32]
Amortized Cost		8,525	[12],[14],[33]					8,490	[17],[18],[32]
Fair Value		$ 8,555	[12],[14],[33]					$ 8,489	[17],[18],[32]
Percentage of Net Assets		0.20%	[12],[14],[33]	0.20%	[12],[14],[33]	0.20%	[12],[14],[33]	0.20%	[17],[18],[32]	0.20%	[17],[18],[32]	0.20%	[17],[18],[32]
Investment, Identifier [Axis]: H&F Opportunities LUX III S.À R.L (dba Checkmarx), First lien senior secured loan
Schedule of Investments [Line Items]
Interest		7.50%	[12],[13],[14],[15]	7.50%	[12],[13],[14],[15]	7.50%	[12],[13],[14],[15]	7.50%	[17],[18],[19],[22]	7.50%	[17],[18],[19],[22]	7.50%	[17],[18],[19],[22]
Par / Units		$ 148,889	[12],[13],[14],[15]					$ 148,889	[17],[18],[19],[22]
Amortized Cost		147,490	[12],[13],[14],[15]					146,888	[17],[18],[19],[22]
Fair Value		$ 148,517	[12],[13],[14],[15]					$ 148,889	[17],[18],[19],[22]
Percentage of Net Assets		4.20%	[12],[13],[14],[15]	4.20%	[12],[13],[14],[15]	4.20%	[12],[13],[14],[15]	4.20%	[17],[18],[19],[22]	4.20%	[17],[18],[19],[22]	4.20%	[17],[18],[19],[22]
Investment, Identifier [Axis]: H&F Opportunities LUX III S.À R.L (dba Checkmarx), First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		7.50%	[12],[14],[15],[20],[21]	7.50%	[12],[14],[15],[20],[21]	7.50%	[12],[14],[15],[20],[21]	7.50%	[17],[18],[19],[23],[36]	7.50%	[17],[18],[19],[23],[36]	7.50%	[17],[18],[19],[23],[36]
Par / Units		$ 0	[12],[14],[15],[20],[21]					$ 0	[17],[18],[19],[23],[36]
Amortized Cost		(192)	[12],[14],[15],[20],[21]					(286)	[17],[18],[19],[23],[36]
Fair Value		$ (63)	[12],[14],[15],[20],[21]					$ 0	[17],[18],[19],[23],[36]
Percentage of Net Assets		0.00%	[12],[14],[15],[20],[21]	0.00%	[12],[14],[15],[20],[21]	0.00%	[12],[14],[15],[20],[21]	0.00%	[17],[18],[19],[23],[36]	0.00%	[17],[18],[19],[23],[36]	0.00%	[17],[18],[19],[23],[36]
Investment, Identifier [Axis]: Halo Parent Newco, LLC, Class H PIK Preferred Equity
Schedule of Investments [Line Items]
Interest, PIK		11.00%	[14],[25],[28]	11.00%	[14],[25],[28]	11.00%	[14],[25],[28]	11.00%	[18],[27],[29]	11.00%	[18],[27],[29]	11.00%	[18],[27],[29]
Units (in shares) | shares		5,000	[14],[25],[28]	5,000	[14],[25],[28]	5,000	[14],[25],[28]	5,000	[18],[27],[29]	5,000	[18],[27],[29]	5,000	[18],[27],[29]
Amortized Cost		$ 6,638	[14],[25],[28]					$ 6,106	[18],[27],[29]
Fair Value		$ 5,301	[14],[25],[28]					$ 4,996	[18],[27],[29]
Percentage of Net Assets		0.10%	[14],[25],[28]	0.10%	[14],[25],[28]	0.10%	[14],[25],[28]	0.10%	[18],[27],[29]	0.10%	[18],[27],[29]	0.10%	[18],[27],[29]
Investment, Identifier [Axis]: Harness, Inc., Junior Preferred Stock
Schedule of Investments [Line Items]
Units (in shares) | shares	[24],[25],[48]	1,022,648		1,022,648		1,022,648
Amortized Cost	[24],[25],[48]	$ 9,169
Fair Value	[24],[25],[48]	$ 9,169
Percentage of Net Assets	[24],[25],[48]	0.30%		0.30%		0.30%
Investment, Identifier [Axis]: Help HP SCF Investor, LP
Schedule of Investments [Line Items]
Fair Value		$ 63,429						$ 67,221						65,192
Investment, Identifier [Axis]: Help HP SCF Investor, LP, LP Interest
Schedule of Investments [Line Items]
Par / Units		59,333	[14],[24],[25],[45]					59,333	[18],[26],[27],[47]
Amortized Cost		59,379	[14],[24],[25],[45]					59,379	[18],[26],[27],[47]
Fair Value		$ 63,429	[14],[24],[25],[45]					$ 67,221	[18],[26],[27],[47]
Percentage of Net Assets		1.80%	[14],[24],[25],[45]	1.80%	[14],[24],[25],[45]	1.80%	[14],[24],[25],[45]	1.90%	[18],[26],[27],[47]	1.90%	[18],[26],[27],[47]	1.90%	[18],[26],[27],[47]
Investment, Identifier [Axis]: Hg Genesis 8 Sumoco Limited, Unsecured facility
Schedule of Investments [Line Items]
Interest, PIK		7.00%	[12],[14],[15],[37]	7.00%	[12],[14],[15],[37]	7.00%	[12],[14],[15],[37]	6.00%	[17],[18],[19],[38]	6.00%	[17],[18],[19],[38]	6.00%	[17],[18],[19],[38]
Par / Units | £				£ 18,139	[12],[14],[15],[37]					£ 64,840	[17],[18],[19],[38]
Amortized Cost		$ 23,376	[12],[14],[15],[37]					$ 85,302	[17],[18],[19],[38]
Fair Value		$ 24,330	[12],[14],[15],[37]					$ 82,658	[17],[18],[19],[38]
Percentage of Net Assets		0.70%	[12],[14],[15],[37]	0.70%	[12],[14],[15],[37]	0.70%	[12],[14],[15],[37]	2.30%	[17],[18],[19],[38]	2.30%	[17],[18],[19],[38]	2.30%	[17],[18],[19],[38]
Investment, Identifier [Axis]: Hg Genesis 9 SumoCo Limited, Unsecured facility
Schedule of Investments [Line Items]
Interest, PIK		7.00%	[12],[14],[15],[41]	7.00%	[12],[14],[15],[41]	7.00%	[12],[14],[15],[41]	7.00%	[17],[18],[19],[42]	7.00%	[17],[18],[19],[42]	7.00%	[17],[18],[19],[42]
Par / Units | €						€ 8,951	[12],[14],[15],[41]					€ 8,247	[17],[18],[19],[42]
Amortized Cost		$ 9,806	[12],[14],[15],[41]					$ 9,027	[17],[18],[19],[42]
Fair Value		$ 9,990	[12],[14],[15],[41]					$ 9,110	[17],[18],[19],[42]
Percentage of Net Assets		0.30%	[12],[14],[15],[41]	0.30%	[12],[14],[15],[41]	0.30%	[12],[14],[15],[41]	0.30%	[17],[18],[19],[42]	0.30%	[17],[18],[19],[42]	0.30%	[17],[18],[19],[42]
Investment, Identifier [Axis]: Hg Saturn Luchaco Limited, Unsecured facility
Schedule of Investments [Line Items]
Interest, PIK		7.50%	[12],[14],[15],[37]	7.50%	[12],[14],[15],[37]	7.50%	[12],[14],[15],[37]	7.50%	[17],[18],[19],[38]	7.50%	[17],[18],[19],[38]	7.50%	[17],[18],[19],[38]
Par / Units | £				£ 40,806	[12],[14],[15],[37]					£ 105,882	[17],[18],[19],[38]
Amortized Cost		$ 52,068	[12],[14],[15],[37]					$ 142,649	[17],[18],[19],[38]
Fair Value		$ 54,736	[12],[14],[15],[37]					$ 134,978	[17],[18],[19],[38]
Percentage of Net Assets		1.50%	[12],[14],[15],[37]	1.50%	[12],[14],[15],[37]	1.50%	[12],[14],[15],[37]	3.80%	[17],[18],[19],[38]	3.80%	[17],[18],[19],[38]	3.80%	[17],[18],[19],[38]
Investment, Identifier [Axis]: Hyland Software, Inc., First lien senior secured loan
Schedule of Investments [Line Items]
Interest		6.00%	[12],[13],[14]	6.00%	[12],[13],[14]	6.00%	[12],[13],[14]	6.00%	[17],[18],[22]	6.00%	[17],[18],[22]	6.00%	[17],[18],[22]
Par / Units		$ 85,243	[12],[13],[14]					$ 85,887	[17],[18],[22]
Amortized Cost		84,099	[12],[13],[14]					84,635	[17],[18],[22]
Fair Value		$ 84,817	[12],[13],[14]					$ 84,599	[17],[18],[22]
Percentage of Net Assets		2.40%	[12],[13],[14]	2.40%	[12],[13],[14]	2.40%	[12],[13],[14]	2.40%	[17],[18],[22]	2.40%	[17],[18],[22]	2.40%	[17],[18],[22]
Investment, Identifier [Axis]: Hyland Software, Inc., First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		6.00%	[12],[14],[20],[21]	6.00%	[12],[14],[20],[21]	6.00%	[12],[14],[20],[21]	6.00%	[17],[18],[23],[36]	6.00%	[17],[18],[23],[36]	6.00%	[17],[18],[23],[36]
Par / Units		$ 0	[12],[14],[20],[21]					$ 0	[17],[18],[23],[36]
Amortized Cost		(51)	[12],[14],[20],[21]					(58)	[17],[18],[23],[36]
Fair Value		$ (20)	[12],[14],[20],[21]					$ (61)	[17],[18],[23],[36]
Percentage of Net Assets		0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]
Investment, Identifier [Axis]: IRI Group Holdings, Inc. (f/k/a Circana Group, L.P. (f/k/a The NPD Group, L.P.)), First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[12],[13],[14]	5.00%		5.00%		5.00%
Par / Units	[12],[13],[14]	$ 24,353
Amortized Cost	[12],[13],[14]	24,353
Fair Value	[12],[13],[14]	$ 24,353
Percentage of Net Assets	[12],[13],[14]	0.70%		0.70%		0.70%
Investment, Identifier [Axis]: IRI Group Holdings, Inc. (f/k/a Circana Group, L.P. (f/k/a The NPD Group, L.P.)), First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest	[12],[13],[14],[20]	4.93%		4.93%		4.93%
Par / Units	[12],[13],[14],[20]	$ 846
Amortized Cost	[12],[13],[14],[20]	846
Fair Value	[12],[13],[14],[20]	$ 846
Percentage of Net Assets	[12],[13],[14],[20]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Icefall Parent, Inc. (dba EngageSmart), First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[12],[13],[14]	6.50%		6.50%		6.50%
Par / Units	[12],[13],[14]	$ 12,783
Amortized Cost	[12],[13],[14]	12,549
Fair Value	[12],[13],[14]	$ 12,719
Percentage of Net Assets	[12],[13],[14]	0.40%		0.40%		0.40%
Investment, Identifier [Axis]: Icefall Parent, Inc. (dba EngageSmart), First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest	[12],[14],[20],[21]	6.50%		6.50%		6.50%
Par / Units	[12],[14],[20],[21]	$ 0
Amortized Cost	[12],[14],[20],[21]	(22)
Fair Value	[12],[14],[20],[21]	$ (6)
Percentage of Net Assets	[12],[14],[20],[21]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Illumio, Inc., Common stock
Schedule of Investments [Line Items]
Units (in shares) | shares		358,365	[24],[25]	358,365	[24],[25]	358,365	[24],[25]	358,365	[26],[27]	358,365	[26],[27]	358,365	[26],[27]
Amortized Cost		$ 2,432	[24],[25]					$ 2,432	[26],[27]
Fair Value		$ 1,582	[24],[25]					$ 1,495	[26],[27]
Percentage of Net Assets		0.00%	[24],[25]	0.00%	[24],[25]	0.00%	[24],[25]	0.00%	[26],[27]	0.00%	[26],[27]	0.00%	[26],[27]
Investment, Identifier [Axis]: Illumio, Inc., Series F Preferred Stock
Schedule of Investments [Line Items]
Units (in shares) | shares		2,483,618	[24],[25]	2,483,618	[24],[25]	2,483,618	[24],[25]	2,483,618	[26],[27]	2,483,618	[26],[27]	2,483,618	[26],[27]
Amortized Cost		$ 16,684	[24],[25]					$ 16,683	[26],[27]
Fair Value		$ 15,502	[24],[25]					$ 14,843	[26],[27]
Percentage of Net Assets		0.40%	[24],[25]	0.40%	[24],[25]	0.40%	[24],[25]	0.50%	[26],[27]	0.50%	[26],[27]	0.50%	[26],[27]
Investment, Identifier [Axis]: Imprivata, Inc., Second lien senior secured loan
Schedule of Investments [Line Items]
Interest	[16],[17],[18]							6.25%		6.25%		6.25%
Par / Units	[16],[17],[18]							$ 17,647
Amortized Cost	[16],[17],[18]							17,470
Fair Value	[16],[17],[18]							$ 17,647
Percentage of Net Assets	[16],[17],[18]							0.50%		0.50%		0.50%
Investment, Identifier [Axis]: Indikami Bidco, LLC (dba IntegriChain), First lien senior secured delayed draw term loan
Schedule of Investments [Line Items]
Interest	[12],[14],[20],[21],[30]	6.00%		6.00%		6.00%
Par / Units	[12],[14],[20],[21],[30]	$ 0
Amortized Cost	[12],[14],[20],[21],[30]	(60)
Fair Value	[12],[14],[20],[21],[30]	$ 0
Percentage of Net Assets	[12],[14],[20],[21],[30]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Indikami Bidco, LLC (dba IntegriChain), First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[12],[13],[14]	6.50%		6.50%		6.50%
Interest, PIK	[12],[13],[14]	2.50%		2.50%		2.50%
Par / Units	[12],[13],[14]	$ 60,676
Amortized Cost	[12],[13],[14]	59,419
Fair Value	[12],[13],[14]	$ 59,765
Percentage of Net Assets	[12],[13],[14]	1.70%		1.70%		1.70%
Investment, Identifier [Axis]: Indikami Bidco, LLC (dba IntegriChain), First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest	[12],[13],[14],[20]	6.00%		6.00%		6.00%
Par / Units	[12],[13],[14],[20]	$ 2,155
Amortized Cost	[12],[13],[14],[20]	2,037
Fair Value	[12],[13],[14],[20]	$ 2,066
Percentage of Net Assets	[12],[13],[14],[20]	0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Indikami Bidco, LLC, First lien senior secured delayed draw term loan
Schedule of Investments [Line Items]
Interest	[17],[18],[23],[36],[40]							6.00%		6.00%		6.00%
Par / Units	[17],[18],[23],[36],[40]							$ 0
Amortized Cost	[17],[18],[23],[36],[40]							(68)
Fair Value	[17],[18],[23],[36],[40]							$ (52)
Percentage of Net Assets	[17],[18],[23],[36],[40]							0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Indikami Bidco, LLC, First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[17],[18],[22]							6.00%		6.00%		6.00%
Par / Units	[17],[18],[22]							$ 47,897
Amortized Cost	[17],[18],[22]							46,823
Fair Value	[17],[18],[22]							$ 46,820
Percentage of Net Assets	[17],[18],[22]							1.30%		1.30%		1.30%
Investment, Identifier [Axis]: Indikami Bidco, LLC, First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest	[17],[18],[23],[36]							6.00%		6.00%		6.00%
Par / Units	[17],[18],[23],[36]							$ 0
Amortized Cost	[17],[18],[23],[36]							(134)
Fair Value	[17],[18],[23],[36]							$ (135)
Percentage of Net Assets	[17],[18],[23],[36]							0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Inovalon Holdings, Inc., First lien senior secured delayed draw term loan
Schedule of Investments [Line Items]
Interest	[17],[18],[23],[36],[40]							5.75%		5.75%		5.75%
Par / Units	[17],[18],[23],[36],[40]							$ 0
Amortized Cost	[17],[18],[23],[36],[40]							(121)
Fair Value	[17],[18],[23],[36],[40]							$ 0
Percentage of Net Assets	[17],[18],[23],[36],[40]							0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Inovalon Holdings, Inc., First lien senior secured loan
Schedule of Investments [Line Items]
Interest		6.25%	[12],[14],[31]	6.25%	[12],[14],[31]	6.25%	[12],[14],[31]	6.25%	[17],[18],[22]	6.25%	[17],[18],[22]	6.25%	[17],[18],[22]
Interest, PIK		2.75%	[12],[14],[31]	2.75%	[12],[14],[31]	2.75%	[12],[14],[31]	2.75%	[17],[18],[22]	2.75%	[17],[18],[22]	2.75%	[17],[18],[22]
Par / Units		$ 150,106	[12],[14],[31]					$ 137,232	[17],[18],[22]
Amortized Cost		147,801	[12],[14],[31]					134,800	[17],[18],[22]
Fair Value		$ 148,230	[12],[14],[31]					$ 135,516	[17],[18],[22]
Percentage of Net Assets		4.20%	[12],[14],[31]	4.20%	[12],[14],[31]	4.20%	[12],[14],[31]	3.80%	[17],[18],[22]	3.80%	[17],[18],[22]	3.80%	[17],[18],[22]
Investment, Identifier [Axis]: Inovalon Holdings, Inc., Second lien senior secured loan
Schedule of Investments [Line Items]
Interest, PIK		10.50%	[12],[14],[31]	10.50%	[12],[14],[31]	10.50%	[12],[14],[31]	10.50%	[17],[18],[22]	10.50%	[17],[18],[22]	10.50%	[17],[18],[22]
Par / Units		$ 90,744	[12],[14],[31]					$ 82,583	[17],[18],[22]
Amortized Cost		89,648	[12],[14],[31]					81,449	[17],[18],[22]
Fair Value		$ 89,836	[12],[14],[31]					$ 81,757	[17],[18],[22]
Percentage of Net Assets		2.50%	[12],[14],[31]	2.50%	[12],[14],[31]	2.50%	[12],[14],[31]	2.30%	[17],[18],[22]	2.30%	[17],[18],[22]	2.30%	[17],[18],[22]
Investment, Identifier [Axis]: Insight CP (Blocker) Holdings, L.P. (dba CivicPlus, LLC), LP Interest
Schedule of Investments [Line Items]
Par / Units		$ 2,281	[14],[15],[24],[25]					$ 2,281	[18],[19],[26],[27]
Amortized Cost		2,285	[14],[15],[24],[25]					2,285	[18],[19],[26],[27]
Fair Value		$ 2,728	[14],[15],[24],[25]					$ 2,472	[18],[19],[26],[27]
Percentage of Net Assets		0.10%	[14],[15],[24],[25]	0.10%	[14],[15],[24],[25]	0.10%	[14],[15],[24],[25]	0.10%	[18],[19],[26],[27]	0.10%	[18],[19],[26],[27]	0.10%	[18],[19],[26],[27]
Investment, Identifier [Axis]: Integrity Marketing Acquisition, LLC, First lien senior secured delayed draw term loan
Schedule of Investments [Line Items]
Interest		5.00%	[12],[14],[20],[21],[30]	5.00%	[12],[14],[20],[21],[30]	5.00%	[12],[14],[20],[21],[30]	6.00%	[16],[17],[18],[23],[40]	6.00%	[16],[17],[18],[23],[40]	6.00%	[16],[17],[18],[23],[40]
Par / Units		$ 0	[12],[14],[20],[21],[30]					$ 1,030	[16],[17],[18],[23],[40]
Amortized Cost		(21)	[12],[14],[20],[21],[30]					960	[16],[17],[18],[23],[40]
Fair Value		$ (21)	[12],[14],[20],[21],[30]					$ 1,030	[16],[17],[18],[23],[40]
Percentage of Net Assets		0.00%	[12],[14],[20],[21],[30]	0.00%	[12],[14],[20],[21],[30]	0.00%	[12],[14],[20],[21],[30]	0.00%	[16],[17],[18],[23],[40]	0.00%	[16],[17],[18],[23],[40]	0.00%	[16],[17],[18],[23],[40]
Investment, Identifier [Axis]: Integrity Marketing Acquisition, LLC, First lien senior secured loan
Schedule of Investments [Line Items]
Interest		5.00%	[12],[14],[31]	5.00%	[12],[14],[31]	5.00%	[12],[14],[31]	5.80%	[16],[17],[18]	5.80%	[16],[17],[18]	5.80%	[16],[17],[18]
Par / Units		$ 47,297	[12],[14],[31]					$ 39,676	[16],[17],[18]
Amortized Cost		47,058	[12],[14],[31]					39,577	[16],[17],[18]
Fair Value		$ 47,053	[12],[14],[31]					$ 39,676	[16],[17],[18]
Percentage of Net Assets		1.30%	[12],[14],[31]	1.30%	[12],[14],[31]	1.30%	[12],[14],[31]	1.10%	[16],[17],[18]	1.10%	[16],[17],[18]	1.10%	[16],[17],[18]
Investment, Identifier [Axis]: Integrity Marketing Acquisition, LLC, First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		5.00%	[12],[14],[20],[21],[31]	5.00%	[12],[14],[20],[21],[31]	5.00%	[12],[14],[20],[21],[31]	6.50%	[17],[18],[23],[36]	6.50%	[17],[18],[23],[36]	6.50%	[17],[18],[23],[36]
Par / Units		$ 0	[12],[14],[20],[21],[31]					$ 0	[17],[18],[23],[36]
Amortized Cost		(7)	[12],[14],[20],[21],[31]					(14)	[17],[18],[23],[36]
Fair Value		$ (7)	[12],[14],[20],[21],[31]					$ 0	[17],[18],[23],[36]
Percentage of Net Assets		0.00%	[12],[14],[20],[21],[31]	0.00%	[12],[14],[20],[21],[31]	0.00%	[12],[14],[20],[21],[31]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]
Investment, Identifier [Axis]: Intelerad Medical Systems Incorporated (fka 11849573 Canada Inc.), First lien senior secured loan
Schedule of Investments [Line Items]
Interest		6.50%	[12],[14],[15],[31]	6.50%	[12],[14],[15],[31]	6.50%	[12],[14],[15],[31]	6.50%	[16],[17],[18],[19]	6.50%	[16],[17],[18],[19]	6.50%	[16],[17],[18],[19]
Par / Units		$ 154,281	[12],[14],[15],[31]					$ 155,471	[16],[17],[18],[19]
Amortized Cost		153,537	[12],[14],[15],[31]					154,461	[16],[17],[18],[19]
Fair Value		$ 150,423	[12],[14],[15],[31]					$ 151,195	[16],[17],[18],[19]
Percentage of Net Assets		4.20%	[12],[14],[15],[31]	4.20%	[12],[14],[15],[31]	4.20%	[12],[14],[15],[31]	4.30%	[16],[17],[18],[19]	4.30%	[16],[17],[18],[19]	4.30%	[16],[17],[18],[19]
Investment, Identifier [Axis]: Intelerad Medical Systems Incorporated (fka 11849573 Canada Inc.), First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		6.50%	[12],[14],[15],[31]	6.50%	[12],[14],[15],[31]	6.50%	[12],[14],[15],[31]	6.50%	[16],[17],[18],[19]	6.50%	[16],[17],[18],[19]	6.50%	[16],[17],[18],[19]
Par / Units		$ 10,847	[12],[14],[15],[31]					$ 10,847	[16],[17],[18],[19]
Amortized Cost		10,784	[12],[14],[15],[31]					10,759	[16],[17],[18],[19]
Fair Value		$ 10,576	[12],[14],[15],[31]					$ 10,549	[16],[17],[18],[19]
Percentage of Net Assets		0.30%	[12],[14],[15],[31]	0.30%	[12],[14],[15],[31]	0.30%	[12],[14],[15],[31]	0.30%	[16],[17],[18],[19]	0.30%	[16],[17],[18],[19]	0.30%	[16],[17],[18],[19]
Investment, Identifier [Axis]: Interoperability Bidco, Inc. (dba Lyniate), First lien senior secured delayed draw term loan
Schedule of Investments [Line Items]
Interest	[12],[14],[20],[30]	6.25%		6.25%		6.25%
Par / Units	[12],[14],[20],[30]	$ 0
Amortized Cost	[12],[14],[20],[30]	0
Fair Value	[12],[14],[20],[30]	$ (86)
Percentage of Net Assets	[12],[14],[20],[30]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Interoperability Bidco, Inc. (dba Lyniate), First lien senior secured loan
Schedule of Investments [Line Items]
Interest		6.25%	[12],[13],[14]	6.25%	[12],[13],[14]	6.25%	[12],[13],[14]	7.00%	[16],[17],[18]	7.00%	[16],[17],[18]	7.00%	[16],[17],[18]
Par / Units		$ 87,240	[12],[13],[14]					$ 84,580	[16],[17],[18]
Amortized Cost		86,962	[12],[13],[14]					84,217	[16],[17],[18]
Fair Value		$ 85,932	[12],[13],[14]					$ 83,311	[16],[17],[18]
Percentage of Net Assets		2.40%	[12],[13],[14]	2.40%	[12],[13],[14]	2.40%	[12],[13],[14]	2.40%	[16],[17],[18]	2.40%	[16],[17],[18]	2.40%	[16],[17],[18]
Investment, Identifier [Axis]: Interoperability Bidco, Inc. (dba Lyniate), First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		6.25%	[12],[14],[20],[31]	6.25%	[12],[14],[20],[31]	6.25%	[12],[14],[20],[31]	7.00%	[16],[17],[18],[23]	7.00%	[16],[17],[18],[23]	7.00%	[16],[17],[18],[23]
Par / Units		$ 2,112	[12],[14],[20],[31]					$ 2,843	[16],[17],[18],[23]
Amortized Cost		2,105	[12],[14],[20],[31]					2,811	[16],[17],[18],[23]
Fair Value		$ 2,011	[12],[14],[20],[31]					$ 2,742	[16],[17],[18],[23]
Percentage of Net Assets		0.10%	[12],[14],[20],[31]	0.10%	[12],[14],[20],[31]	0.10%	[12],[14],[20],[31]	0.10%	[16],[17],[18],[23]	0.10%	[16],[17],[18],[23]	0.10%	[16],[17],[18],[23]
Investment, Identifier [Axis]: Ivanti Software, Inc., Second lien senior secured loan
Schedule of Investments [Line Items]
Interest		7.25%	[12],[14],[31]	7.25%	[12],[14],[31]	7.25%	[12],[14],[31]	7.25%	[16],[17],[18],[34]	7.25%	[16],[17],[18],[34]	7.25%	[16],[17],[18],[34]
Par / Units		$ 21,000	[12],[14],[31]					$ 21,000	[16],[17],[18],[34]
Amortized Cost		20,611	[12],[14],[31]					20,560	[16],[17],[18],[34]
Fair Value		$ 13,125	[12],[14],[31]					$ 16,800	[16],[17],[18],[34]
Percentage of Net Assets		0.40%	[12],[14],[31]	0.40%	[12],[14],[31]	0.40%	[12],[14],[31]	0.50%	[16],[17],[18],[34]	0.50%	[16],[17],[18],[34]	0.50%	[16],[17],[18],[34]
Investment, Identifier [Axis]: JS Parent, Inc. (dba Jama Software), First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[12],[14],[31]	5.00%		5.00%		5.00%
Par / Units	[12],[14],[31]	$ 13,676
Amortized Cost	[12],[14],[31]	13,611
Fair Value	[12],[14],[31]	$ 13,608
Percentage of Net Assets	[12],[14],[31]	0.40%		0.40%		0.40%
Investment, Identifier [Axis]: JS Parent, Inc. (dba Jama Software), First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest	[12],[14],[20],[21]	5.00%		5.00%		5.00%
Par / Units	[12],[14],[20],[21]	$ 0
Amortized Cost	[12],[14],[20],[21]	(6)
Fair Value	[12],[14],[20],[21]	$ (7)
Percentage of Net Assets	[12],[14],[20],[21]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: JumpCloud, Inc., Series B Preferred Stock
Schedule of Investments [Line Items]
Units (in shares) | shares		756,590	[24],[25]	756,590	[24],[25]	756,590	[24],[25]	756,590	[26],[27]	756,590	[26],[27]	756,590	[26],[27]
Amortized Cost		$ 4,531	[24],[25]					$ 4,531	[26],[27]
Fair Value		$ 823	[24],[25]					$ 1,995	[26],[27]
Percentage of Net Assets		0.00%	[24],[25]	0.00%	[24],[25]	0.00%	[24],[25]	0.10%	[26],[27]	0.10%	[26],[27]	0.10%	[26],[27]
Investment, Identifier [Axis]: JumpCloud, Inc., Series F Preferred Stock
Schedule of Investments [Line Items]
Units (in shares) | shares		6,679,245	[24],[25]	6,679,245	[24],[25]	6,679,245	[24],[25]	6,679,245	[26],[27]	6,679,245	[26],[27]	6,679,245	[26],[27]
Amortized Cost		$ 40,017	[24],[25]					$ 40,017	[26],[27]
Fair Value		$ 29,235	[24],[25]					$ 34,491	[26],[27]
Percentage of Net Assets		0.80%	[24],[25]	0.80%	[24],[25]	0.80%	[24],[25]	1.10%	[26],[27]	1.10%	[26],[27]	1.10%	[26],[27]
Investment, Identifier [Axis]: KWOL Acquisition Inc. (dba Worldwide Clinical Trials), Class A Interest
Schedule of Investments [Line Items]
Units (in shares) | shares	[14],[24],[25]	159		159		159
Amortized Cost	[14],[24],[25]	$ 1,585
Fair Value	[14],[24],[25]	$ 1,585
Percentage of Net Assets	[14],[24],[25]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: KWOL Acquisition Inc. (dba Worldwide Clinical Trials), First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[12],[14],[33]	6.25%		6.25%		6.25%
Par / Units	[12],[14],[33]	$ 21,526
Amortized Cost	[12],[14],[33]	21,143
Fair Value	[12],[14],[33]	$ 21,419
Percentage of Net Assets	[12],[14],[33]	0.60%		0.60%		0.60%
Investment, Identifier [Axis]: KWOL Acquisition Inc. (dba Worldwide Clinical Trials), First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest	[12],[14],[20],[31]	6.25%		6.25%		6.25%
Par / Units	[12],[14],[20],[31]	$ 367
Amortized Cost	[12],[14],[20],[31]	317
Fair Value	[12],[14],[20],[31]	$ 352
Percentage of Net Assets	[12],[14],[20],[31]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: KWOL Acquisition Inc., Common stock
Schedule of Investments [Line Items]
Units (in shares) | shares	[18],[26],[27]							159		159		159
Amortized Cost	[18],[26],[27]							$ 1,585
Fair Value	[18],[26],[27]							$ 1,585
Percentage of Net Assets	[18],[26],[27]							0.10%		0.10%		0.10%
Investment, Identifier [Axis]: KWOL Acquisition Inc., First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[17],[18],[32]							6.25%		6.25%		6.25%
Par / Units	[17],[18],[32]							$ 21,635
Amortized Cost	[17],[18],[32]							21,209
Fair Value	[17],[18],[32]							$ 21,206
Percentage of Net Assets	[17],[18],[32]							0.60%		0.60%		0.60%
Investment, Identifier [Axis]: KWOL Acquisition Inc., First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest	[17],[18],[23],[32]							6.25%		6.25%		6.25%
Par / Units	[17],[18],[23],[32]							$ 881
Amortized Cost	[17],[18],[23],[32]							824
Fair Value	[17],[18],[23],[32]							$ 823
Percentage of Net Assets	[17],[18],[23],[32]							0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Kajabi Holdings, LLC, Senior Preferred Class D Units
Schedule of Investments [Line Items]
Units (in shares) | shares		4,126,175	[24],[25]	4,126,175	[24],[25]	4,126,175	[24],[25]	4,126,175	[26],[27]	4,126,175	[26],[27]	4,126,175	[26],[27]
Amortized Cost		$ 50,025	[24],[25]					$ 50,025	[26],[27]
Fair Value		$ 39,463	[24],[25]					$ 41,170	[26],[27]
Percentage of Net Assets		1.10%	[24],[25]	1.10%	[24],[25]	1.10%	[24],[25]	1.20%	[26],[27]	1.20%	[26],[27]	1.20%	[26],[27]
Investment, Identifier [Axis]: Kaseya Inc., First lien senior secured delayed draw term loan
Schedule of Investments [Line Items]
Interest		5.50%	[12],[14],[20],[30],[31]	5.50%	[12],[14],[20],[30],[31]	5.50%	[12],[14],[20],[30],[31]	6.25%	[16],[17],[18],[23],[40]	6.25%	[16],[17],[18],[23],[40]	6.25%	[16],[17],[18],[23],[40]
Interest, PIK	[16],[17],[18],[23],[40]							2.50%		2.50%		2.50%
Par / Units		$ 184	[12],[14],[20],[30],[31]					$ 58	[16],[17],[18],[23],[40]
Amortized Cost		176	[12],[14],[20],[30],[31]					50	[16],[17],[18],[23],[40]
Fair Value		$ 184	[12],[14],[20],[30],[31]					$ 58	[16],[17],[18],[23],[40]
Percentage of Net Assets		0.00%	[12],[14],[20],[30],[31]	0.00%	[12],[14],[20],[30],[31]	0.00%	[12],[14],[20],[30],[31]	0.00%	[16],[17],[18],[23],[40]	0.00%	[16],[17],[18],[23],[40]	0.00%	[16],[17],[18],[23],[40]
Investment, Identifier [Axis]: Kaseya Inc., First lien senior secured loan
Schedule of Investments [Line Items]
Interest		5.50%	[12],[14],[31]	5.50%	[12],[14],[31]	5.50%	[12],[14],[31]	6.25%	[16],[17],[18]	6.25%	[16],[17],[18]	6.25%	[16],[17],[18]
Interest, PIK	[16],[17],[18]							2.50%		2.50%		2.50%
Par / Units		$ 15,963	[12],[14],[31]					$ 15,744	[16],[17],[18]
Amortized Cost		15,731	[12],[14],[31]					15,484	[16],[17],[18]
Fair Value		$ 15,963	[12],[14],[31]					$ 15,704	[16],[17],[18]
Percentage of Net Assets		0.40%	[12],[14],[31]	0.40%	[12],[14],[31]	0.40%	[12],[14],[31]	0.40%	[16],[17],[18]	0.40%	[16],[17],[18]	0.40%	[16],[17],[18]
Investment, Identifier [Axis]: Kaseya Inc., First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		5.50%	[12],[13],[14],[20]	5.50%	[12],[13],[14],[20]	5.50%	[12],[13],[14],[20]	5.50%	[17],[18],[22],[23]	5.50%	[17],[18],[22],[23]	5.50%	[17],[18],[22],[23]
Par / Units		$ 239	[12],[13],[14],[20]					$ 239	[17],[18],[22],[23]
Amortized Cost		226	[12],[13],[14],[20]					224	[17],[18],[22],[23]
Fair Value		$ 239	[12],[13],[14],[20]					$ 236	[17],[18],[22],[23]
Percentage of Net Assets		0.00%	[12],[13],[14],[20]	0.00%	[12],[13],[14],[20]	0.00%	[12],[13],[14],[20]	0.00%	[17],[18],[22],[23]	0.00%	[17],[18],[22],[23]	0.00%	[17],[18],[22],[23]
Investment, Identifier [Axis]: Klarna Holding AB, Subordinated Floating Rate Notes
Schedule of Investments [Line Items]
Interest	[12],[14],[31]	7.00%		7.00%		7.00%
Par / Units	[12],[14],[31]	$ 32,667
Amortized Cost	[12],[14],[31]	32,667
Fair Value	[12],[14],[31]	$ 32,667
Percentage of Net Assets	[12],[14],[31]	0.90%		0.90%		0.90%
Investment, Identifier [Axis]: Klaviyo, Inc., Common stock
Schedule of Investments [Line Items]
Units (in shares) | shares	[26],[27],[43]							1,198,270		1,198,270		1,198,270
Amortized Cost	[26],[27],[43]							$ 40,018
Fair Value	[26],[27],[43]							$ 31,457
Percentage of Net Assets	[26],[27],[43]							0.90%		0.90%		0.90%
Investment, Identifier [Axis]: Klaviyo, Inc., Series B Common Stock
Schedule of Investments [Line Items]
Units (in shares) | shares	[24],[25],[35]	1,198,270		1,198,270		1,198,270
Amortized Cost	[24],[25],[35]	$ 40,018
Fair Value	[24],[25],[35]	$ 42,395
Percentage of Net Assets	[24],[25],[35]	1.20%		1.20%		1.20%
Investment, Identifier [Axis]: Knockout Intermediate Holdings I Inc. (dba Kaseya Inc.), Perpetual Preferred Stock
Schedule of Investments [Line Items]
Interest, PIK		10.75%	[14],[25]	10.75%	[14],[25]	10.75%	[14],[25]	11.75%	[18],[27],[29]	11.75%	[18],[27],[29]	11.75%	[18],[27],[29]
Units (in shares) | shares		7,500	[12],[14],[25]	7,500	[12],[14],[25]	7,500	[12],[14],[25]	7,500	[18],[27],[29]	7,500	[18],[27],[29]	7,500	[18],[27],[29]
Amortized Cost		$ 9,488	[12],[14],[25]					$ 8,266	[18],[27],[29]
Fair Value		$ 9,632	[12],[14],[25]					$ 8,404	[18],[27],[29]
Percentage of Net Assets		0.30%	[12],[14],[25]	0.30%	[12],[14],[25]	0.30%	[12],[14],[25]	0.20%	[18],[27],[29]	0.20%	[18],[27],[29]	0.20%	[18],[27],[29]
Investment, Identifier [Axis]: LSI Financing 1 DAC
Schedule of Investments [Line Items]
Fair Value		$ 16,370						$ 12,992						4,013
Investment, Identifier [Axis]: LSI Financing 1 DAC, Preferred Equity
Schedule of Investments [Line Items]
Units (in shares) | shares	[18],[19],[27],[47]							12,317,000		12,317,000		12,317,000
Amortized Cost	[18],[19],[27],[47]							$ 12,396
Fair Value	[18],[19],[27],[47]							$ 12,992
Percentage of Net Assets	[18],[19],[27],[47]							0.40%		0.40%		0.40%
Investment, Identifier [Axis]: LSI Financing 1 DAC, Series 1 Notes
Schedule of Investments [Line Items]
Units (in shares) | shares	[14],[15],[20],[25],[45]	15,217,000		15,217,000		15,217,000
Amortized Cost	[14],[15],[20],[25],[45]	$ 15,300
Fair Value	[14],[15],[20],[25],[45]	$ 16,370
Percentage of Net Assets	[14],[15],[20],[25],[45]	0.50%		0.50%		0.50%
Investment, Identifier [Axis]: Linked Store Cayman Ltd. (dba Nuvemshop), Series E Preferred Stock
Schedule of Investments [Line Items]
Units (in shares) | shares		19,499	[14],[15],[24],[25]	19,499	[14],[15],[24],[25]	19,499	[14],[15],[24],[25]	19,499	[18],[19],[26],[27]	19,499	[18],[19],[26],[27]	19,499	[18],[19],[26],[27]
Amortized Cost		$ 42,496	[14],[15],[24],[25]					$ 42,496	[18],[19],[26],[27]
Fair Value		$ 36,862	[14],[15],[24],[25]					$ 35,738	[18],[19],[26],[27]
Percentage of Net Assets		1.00%	[14],[15],[24],[25]	1.00%	[14],[15],[24],[25]	1.00%	[14],[15],[24],[25]	1.00%	[18],[19],[26],[27]	1.00%	[18],[19],[26],[27]	1.00%	[18],[19],[26],[27]
Investment, Identifier [Axis]: Litera Bidco LLC, First lien senior secured delayed draw term loan 1
Schedule of Investments [Line Items]
Interest	[12],[13],[14],[20],[30]	5.00%		5.00%		5.00%
Par / Units	[12],[13],[14],[20],[30]	$ 15,190
Amortized Cost	[12],[13],[14],[20],[30]	15,081
Fair Value	[12],[13],[14],[20],[30]	$ 15,071
Percentage of Net Assets	[12],[13],[14],[20],[30]	0.40%		0.40%		0.40%
Investment, Identifier [Axis]: Litera Bidco LLC, First lien senior secured delayed draw term loan 2
Schedule of Investments [Line Items]
Interest	[12],[14],[20],[30]	5.00%		5.00%		5.00%
Par / Units	[12],[14],[20],[30]	$ 0
Amortized Cost	[12],[14],[20],[30]	0
Fair Value	[12],[14],[20],[30]	$ 0
Percentage of Net Assets	[12],[14],[20],[30]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Litera Bidco LLC, First lien senior secured loan
Schedule of Investments [Line Items]
Interest		5.00%	[12],[13],[14]	5.00%	[12],[13],[14]	5.00%	[12],[13],[14]	5.25%	[17],[18],[22]	5.25%	[17],[18],[22]	5.25%	[17],[18],[22]
Par / Units		$ 115,728	[12],[13],[14]					$ 151,852	[17],[18],[22]
Amortized Cost		115,195	[12],[13],[14]					150,878	[17],[18],[22]
Fair Value		$ 115,149	[12],[13],[14]					$ 151,852	[17],[18],[22]
Percentage of Net Assets		3.20%	[12],[13],[14]	3.20%	[12],[13],[14]	3.20%	[12],[13],[14]	4.30%	[17],[18],[22]	4.30%	[17],[18],[22]	4.30%	[17],[18],[22]
Investment, Identifier [Axis]: Litera Bidco LLC, First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		5.00%	[12],[14],[20],[21]	5.00%	[12],[14],[20],[21]	5.00%	[12],[14],[20],[21]	5.25%	[17],[18],[23],[36]	5.25%	[17],[18],[23],[36]	5.25%	[17],[18],[23],[36]
Par / Units		$ 0	[12],[14],[20],[21]					$ 0	[17],[18],[23],[36]
Amortized Cost		(35)	[12],[14],[20],[21]					(26)	[17],[18],[23],[36]
Fair Value		$ (38)	[12],[14],[20],[21]					$ 0	[17],[18],[23],[36]
Percentage of Net Assets		0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]
Investment, Identifier [Axis]: LogRhythm, Inc., First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[12],[14],[31]	7.50%		7.50%		7.50%
Par / Units	[12],[14],[31]	$ 4,750
Amortized Cost	[12],[14],[31]	4,613
Fair Value	[12],[14],[31]	$ 4,608
Percentage of Net Assets	[12],[14],[31]	0.10%		0.10%		0.10%
Investment, Identifier [Axis]: LogRhythm, Inc., First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest	[12],[14],[20],[21]	7.50%		7.50%		7.50%
Par / Units	[12],[14],[20],[21]	$ 0
Amortized Cost	[12],[14],[20],[21]	(14)
Fair Value	[12],[14],[20],[21]	$ (14)
Percentage of Net Assets	[12],[14],[20],[21]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: MINDBODY, Inc., First lien senior secured loan
Schedule of Investments [Line Items]
Interest		7.00%	[12],[14],[31]	7.00%	[12],[14],[31]	7.00%	[12],[14],[31]	7.00%	[16],[17],[18]	7.00%	[16],[17],[18]	7.00%	[16],[17],[18]
Par / Units		$ 72,962	[12],[14],[31]					$ 76,739	[16],[17],[18]
Amortized Cost		72,893	[12],[14],[31]					76,538	[16],[17],[18]
Fair Value		$ 72,962	[12],[14],[31]					$ 76,356	[16],[17],[18]
Percentage of Net Assets		2.00%	[12],[14],[31]	2.00%	[12],[14],[31]	2.00%	[12],[14],[31]	2.20%	[16],[17],[18]	2.20%	[16],[17],[18]	2.20%	[16],[17],[18]
Investment, Identifier [Axis]: MINDBODY, Inc., First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		7.00%	[12],[14],[20],[21]	7.00%	[12],[14],[20],[21]	7.00%	[12],[14],[20],[21]	7.00%	[17],[18],[23],[36]	7.00%	[17],[18],[23],[36]	7.00%	[17],[18],[23],[36]
Par / Units		$ 0	[12],[14],[20],[21]					$ 0	[17],[18],[23],[36]
Amortized Cost		(4)	[12],[14],[20],[21]					(13)	[17],[18],[23],[36]
Fair Value		$ 0	[12],[14],[20],[21]					$ (36)	[17],[18],[23],[36]
Percentage of Net Assets		0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]
Investment, Identifier [Axis]: Magnet Forensics, LLC (f/k/a Grayshift, LLC), First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[12],[13],[14],[15]	5.25%		5.25%		5.25%
Par / Units	[12],[13],[14],[15]	$ 27,832
Amortized Cost	[12],[13],[14],[15]	27,799
Fair Value	[12],[13],[14],[15]	$ 27,832
Percentage of Net Assets	[12],[13],[14],[15]	0.80%		0.80%		0.80%
Investment, Identifier [Axis]: Magnet Forensics, LLC (f/k/a Grayshift, LLC), First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest	[12],[14],[15],[20],[21]	5.25%		5.25%		5.25%
Par / Units	[12],[14],[15],[20],[21]	$ 0
Amortized Cost	[12],[14],[15],[20],[21]	(6)
Fair Value	[12],[14],[15],[20],[21]	$ 0
Percentage of Net Assets	[12],[14],[15],[20],[21]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: ManTech International Corporation, First lien senior secured delayed draw term loan
Schedule of Investments [Line Items]
Interest		5.00%	[12],[14],[20],[30]	5.00%	[12],[14],[20],[30]	5.00%	[12],[14],[20],[30]	5.75%	[16],[17],[18],[23],[40]	5.75%	[16],[17],[18],[23],[40]	5.75%	[16],[17],[18],[23],[40]
Par / Units		$ 0	[12],[14],[20],[30]					$ 567	[16],[17],[18],[23],[40]
Amortized Cost		0	[12],[14],[20],[30]					548	[16],[17],[18],[23],[40]
Fair Value		$ 0	[12],[14],[20],[30]					$ 563	[16],[17],[18],[23],[40]
Percentage of Net Assets		0.00%	[12],[14],[20],[30]	0.00%	[12],[14],[20],[30]	0.00%	[12],[14],[20],[30]	0.00%	[16],[17],[18],[23],[40]	0.00%	[16],[17],[18],[23],[40]	0.00%	[16],[17],[18],[23],[40]
Investment, Identifier [Axis]: ManTech International Corporation, First lien senior secured loan
Schedule of Investments [Line Items]
Interest		5.00%	[12],[14],[31]	5.00%	[12],[14],[31]	5.00%	[12],[14],[31]	5.75%	[16],[17],[18]	5.75%	[16],[17],[18]	5.75%	[16],[17],[18]
Par / Units		$ 7,005	[12],[14],[31]					$ 6,685	[16],[17],[18]
Amortized Cost		7,005	[12],[14],[31]					6,570	[16],[17],[18]
Fair Value		$ 7,005	[12],[14],[31]					$ 6,635	[16],[17],[18]
Percentage of Net Assets		0.20%	[12],[14],[31]	0.20%	[12],[14],[31]	0.20%	[12],[14],[31]	0.20%	[16],[17],[18]	0.20%	[16],[17],[18]	0.20%	[16],[17],[18]
Investment, Identifier [Axis]: ManTech International Corporation, First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		5.00%	[12],[14],[20]	5.00%	[12],[14],[20]	5.00%	[12],[14],[20]	5.75%	[17],[18],[23],[36]	5.75%	[17],[18],[23],[36]	5.75%	[17],[18],[23],[36]
Par / Units		$ 0	[12],[14],[20]					$ 0	[17],[18],[23],[36]
Amortized Cost		0	[12],[14],[20]					(13)	[17],[18],[23],[36]
Fair Value		$ 0	[12],[14],[20]					$ (6)	[17],[18],[23],[36]
Percentage of Net Assets		0.00%	[12],[14],[20]	0.00%	[12],[14],[20]	0.00%	[12],[14],[20]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]
Investment, Identifier [Axis]: MessageBird BidCo B.V., First lien senior secured loan
Schedule of Investments [Line Items]
Interest		6.75%	[12],[13],[14],[15]	6.75%	[12],[13],[14],[15]	6.75%	[12],[13],[14],[15]	6.75%	[17],[18],[19],[22]	6.75%	[17],[18],[19],[22]	6.75%	[17],[18],[19],[22]
Par / Units		$ 30,000	[12],[13],[14],[15]					$ 60,000	[17],[18],[19],[22]
Amortized Cost		29,667	[12],[13],[14],[15]					59,172	[17],[18],[19],[22]
Fair Value		$ 30,000	[12],[13],[14],[15]					$ 59,850	[17],[18],[19],[22]
Percentage of Net Assets		0.80%	[12],[13],[14],[15]	0.80%	[12],[13],[14],[15]	0.80%	[12],[13],[14],[15]	1.70%	[17],[18],[19],[22]	1.70%	[17],[18],[19],[22]	1.70%	[17],[18],[19],[22]
Investment, Identifier [Axis]: MessageBird Holding B.V., Extended Series C Warrants
Schedule of Investments [Line Items]
Units (in shares) | shares		191,530	[14],[15],[24],[25]	191,530	[14],[15],[24],[25]	191,530	[14],[15],[24],[25]	191,530	[18],[19],[26],[27]	191,530	[18],[19],[26],[27]	191,530	[18],[19],[26],[27]
Amortized Cost		$ 1,174	[14],[15],[24],[25]					$ 1,174	[18],[19],[26],[27]
Fair Value		$ 207	[14],[15],[24],[25]					$ 225	[18],[19],[26],[27]
Percentage of Net Assets		0.00%	[14],[15],[24],[25]	0.00%	[14],[15],[24],[25]	0.00%	[14],[15],[24],[25]	0.00%	[18],[19],[26],[27]	0.00%	[18],[19],[26],[27]	0.00%	[18],[19],[26],[27]
Investment, Identifier [Axis]: Minerva Holdco, Inc. (dba Athenahealth, Inc.), Series A Preferred Stock
Schedule of Investments [Line Items]
Interest, PIK		10.75%	[14],[25],[28]	10.75%	[14],[25],[28]	10.75%	[14],[25],[28]	10.75%	[18],[27],[29]	10.75%	[18],[27],[29]	10.75%	[18],[27],[29]
Units (in shares) | shares		50,000	[14],[25],[28]	50,000	[14],[25],[28]	50,000	[14],[25],[28]	50,000	[18],[27],[29]	50,000	[18],[27],[29]	50,000	[18],[27],[29]
Amortized Cost		$ 65,573	[14],[25],[28]					$ 58,753	[18],[27],[29]
Fair Value		$ 64,008	[14],[25],[28]					$ 57,797	[18],[27],[29]
Percentage of Net Assets		1.80%	[14],[25],[28]	1.80%	[14],[25],[28]	1.80%	[14],[25],[28]	1.60%	[18],[27],[29]	1.60%	[18],[27],[29]	1.60%	[18],[27],[29]
Investment, Identifier [Axis]: Ministry Brands Holdings, LLC, First lien senior secured loan
Schedule of Investments [Line Items]
Interest		5.50%	[12],[13],[14]	5.50%	[12],[13],[14]	5.50%	[12],[13],[14]	5.50%	[17],[18],[22]	5.50%	[17],[18],[22]	5.50%	[17],[18],[22]
Par / Units		$ 8,245	[12],[13],[14]					$ 8,309	[17],[18],[22]
Amortized Cost		8,135	[12],[13],[14]					8,183	[17],[18],[22]
Fair Value		$ 8,163	[12],[13],[14]					$ 8,143	[17],[18],[22]
Percentage of Net Assets		0.20%	[12],[13],[14]	0.20%	[12],[13],[14]	0.20%	[12],[13],[14]	0.20%	[17],[18],[22]	0.20%	[17],[18],[22]	0.20%	[17],[18],[22]
Investment, Identifier [Axis]: Ministry Brands Holdings, LLC, First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		5.50%	[12],[14],[20],[21]	5.50%	[12],[14],[20],[21]	5.50%	[12],[14],[20],[21]	5.50%	[17],[18],[22],[23]	5.50%	[17],[18],[22],[23]	5.50%	[17],[18],[22],[23]
Par / Units		$ 0	[12],[14],[20],[21]					$ 393	[17],[18],[22],[23]
Amortized Cost		(8)	[12],[14],[20],[21]					383	[17],[18],[22],[23]
Fair Value		$ (7)	[12],[14],[20],[21]					$ 378	[17],[18],[22],[23]
Percentage of Net Assets		0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[17],[18],[22],[23]	0.00%	[17],[18],[22],[23]	0.00%	[17],[18],[22],[23]
Investment, Identifier [Axis]: Minotaur Acquisition, Inc. (dba Inspira Financial), First lien senior secured delayed draw term loan 2
Schedule of Investments [Line Items]
Interest	[12],[14],[20],[21],[30]	5.00%		5.00%		5.00%
Par / Units	[12],[14],[20],[21],[30]	$ 0
Amortized Cost	[12],[14],[20],[21],[30]	(41)
Fair Value	[12],[14],[20],[21],[30]	$ (44)
Percentage of Net Assets	[12],[14],[20],[21],[30]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Minotaur Acquisition, Inc. (dba Inspira Financial), First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[12],[13],[14]	5.00%		5.00%		5.00%
Par / Units	[12],[13],[14]	$ 61,837
Amortized Cost	[12],[13],[14]	61,200
Fair Value	[12],[13],[14]	$ 61,174
Percentage of Net Assets	[12],[13],[14]	1.70%		1.70%		1.70%
Investment, Identifier [Axis]: Minotaur Acquisition, Inc. (dba Inspira Financial), First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest	[12],[14],[20],[21]	5.00%		5.00%		5.00%
Par / Units	[12],[14],[20],[21]	$ 0
Amortized Cost	[12],[14],[20],[21]	(51)
Fair Value	[12],[14],[20],[21]	$ (54)
Percentage of Net Assets	[12],[14],[20],[21]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Monotype Imaging Holdings Inc., First lien senior secured delayed draw term loan
Schedule of Investments [Line Items]
Interest	[12],[14],[20],[21],[30]	5.50%		5.50%		5.50%
Par / Units	[12],[14],[20],[21],[30]	$ 0
Amortized Cost	[12],[14],[20],[21],[30]	(17)
Fair Value	[12],[14],[20],[21],[30]	$ 0
Percentage of Net Assets	[12],[14],[20],[21],[30]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Monotype Imaging Holdings Inc., First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[12],[14],[31]	5.50%		5.50%		5.50%
Par / Units	[12],[14],[31]	$ 58,808
Amortized Cost	[12],[14],[31]	58,393
Fair Value	[12],[14],[31]	$ 58,514
Percentage of Net Assets	[12],[14],[31]	1.60%		1.60%		1.60%
Investment, Identifier [Axis]: Monotype Imaging Holdings Inc., First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest	[12],[14],[20],[21]	5.50%		5.50%		5.50%
Par / Units	[12],[14],[20],[21]	$ 0
Amortized Cost	[12],[14],[20],[21]	(50)
Fair Value	[12],[14],[20],[21]	$ (37)
Percentage of Net Assets	[12],[14],[20],[21]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Motus Group, LLC, Second lien senior secured loan
Schedule of Investments [Line Items]
Interest	[17],[18],[22]							6.50%		6.50%		6.50%
Par / Units	[17],[18],[22]							$ 17,868
Amortized Cost	[17],[18],[22]							17,723
Fair Value	[17],[18],[22]							$ 17,689
Percentage of Net Assets	[17],[18],[22]							0.50%		0.50%		0.50%
Investment, Identifier [Axis]: NMI Acquisitionco, Inc. (dba Network Merchants), First lien senior secured loan
Schedule of Investments [Line Items]
Interest		5.00%	[12],[13],[14]	5.00%	[12],[13],[14]	5.00%	[12],[13],[14]	5.75%	[17],[18],[22]	5.75%	[17],[18],[22]	5.75%	[17],[18],[22]
Par / Units		$ 24,418	[12],[13],[14]					$ 24,607	[17],[18],[22]
Amortized Cost		24,327	[12],[13],[14]					24,453	[17],[18],[22]
Fair Value		$ 24,418	[12],[13],[14]					$ 24,484	[17],[18],[22]
Percentage of Net Assets		0.70%	[12],[13],[14]	0.70%	[12],[13],[14]	0.70%	[12],[13],[14]	0.70%	[17],[18],[22]	0.70%	[17],[18],[22]	0.70%	[17],[18],[22]
Investment, Identifier [Axis]: NMI Acquisitionco, Inc. (dba Network Merchants), First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		5.50%	[12],[14],[20],[21]	5.50%	[12],[14],[20],[21]	5.50%	[12],[14],[20],[21]	5.75%	[17],[18],[23],[36]	5.75%	[17],[18],[23],[36]	5.75%	[17],[18],[23],[36]
Par / Units		$ 0	[12],[14],[20],[21]					$ 0	[17],[18],[23],[36]
Amortized Cost		(4)	[12],[14],[20],[21]					(7)	[17],[18],[23],[36]
Fair Value		$ 0	[12],[14],[20],[21]					$ (6)	[17],[18],[23],[36]
Percentage of Net Assets		0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]
Investment, Identifier [Axis]: Neptune Holdings, Inc. (dba NexTech), First lien senior secured loan
Schedule of Investments [Line Items]
Interest		5.75%	[12],[13],[14]	5.75%	[12],[13],[14]	5.75%	[12],[13],[14]	6.00%	[17],[18],[32]	6.00%	[17],[18],[32]	6.00%	[17],[18],[32]
Par / Units		$ 4,379	[12],[13],[14]					$ 4,412	[17],[18],[32]
Amortized Cost		4,281	[12],[13],[14]					4,305	[17],[18],[32]
Fair Value		$ 4,357	[12],[13],[14]					$ 4,301	[17],[18],[32]
Percentage of Net Assets		0.10%	[12],[13],[14]	0.10%	[12],[13],[14]	0.10%	[12],[13],[14]	0.10%	[17],[18],[32]	0.10%	[17],[18],[32]	0.10%	[17],[18],[32]
Investment, Identifier [Axis]: Neptune Holdings, Inc. (dba NexTech), First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		5.75%	[12],[14],[20],[21]	5.75%	[12],[14],[20],[21]	5.75%	[12],[14],[20],[21]	6.00%	[17],[18],[23],[36]	6.00%	[17],[18],[23],[36]	6.00%	[17],[18],[23],[36]
Par / Units		$ 0	[12],[14],[20],[21]					$ 0	[17],[18],[23],[36]
Amortized Cost		(12)	[12],[14],[20],[21]					(14)	[17],[18],[23],[36]
Fair Value		$ (3)	[12],[14],[20],[21]					$ (15)	[17],[18],[23],[36]
Percentage of Net Assets		0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]
Investment, Identifier [Axis]: Nylas, Inc., Series C Preferred Stock
Schedule of Investments [Line Items]
Units (in shares) | shares		2,088,467	[24],[25]	2,088,467	[24],[25]	2,088,467	[24],[25]	2,088,467	[26],[27]	2,088,467	[26],[27]	2,088,467	[26],[27]
Amortized Cost		$ 15,009	[24],[25]					$ 15,009	[26],[27]
Fair Value		$ 4,170	[24],[25]					$ 7,906	[26],[27]
Percentage of Net Assets		0.10%	[24],[25]	0.10%	[24],[25]	0.10%	[24],[25]	0.20%	[26],[27]	0.20%	[26],[27]	0.20%	[26],[27]
Investment, Identifier [Axis]: Oranje Holdco, Inc. (dba KnowBe4), First lien senior secured loan
Schedule of Investments [Line Items]
Interest		7.50%	[12],[14],[31]	7.50%	[12],[14],[31]	7.50%	[12],[14],[31]	7.50%	[16],[17],[18]	7.50%	[16],[17],[18]	7.50%	[16],[17],[18]
Par / Units		$ 12,818	[12],[14],[31]					$ 12,818	[16],[17],[18]
Amortized Cost		12,667	[12],[14],[31]					12,647	[16],[17],[18]
Fair Value		$ 12,818	[12],[14],[31]					$ 12,690	[16],[17],[18]
Percentage of Net Assets		0.40%	[12],[14],[31]	0.40%	[12],[14],[31]	0.40%	[12],[14],[31]	0.40%	[16],[17],[18]	0.40%	[16],[17],[18]	0.40%	[16],[17],[18]
Investment, Identifier [Axis]: Oranje Holdco, Inc. (dba KnowBe4), First lien senior secured loan 1
Schedule of Investments [Line Items]
Interest	[12],[14],[31]	7.25%		7.25%		7.25%
Par / Units	[12],[14],[31]	$ 5,371
Amortized Cost	[12],[14],[31]	5,322
Fair Value	[12],[14],[31]	$ 5,317
Percentage of Net Assets	[12],[14],[31]	0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Oranje Holdco, Inc. (dba KnowBe4), First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		7.50%	[12],[14],[20],[21]	7.50%	[12],[14],[20],[21]	7.50%	[12],[14],[20],[21]	7.50%	[17],[18],[23],[36]	7.50%	[17],[18],[23],[36]	7.50%	[17],[18],[23],[36]
Par / Units		$ 0	[12],[14],[20],[21]					$ 0	[17],[18],[23],[36]
Amortized Cost		(17)	[12],[14],[20],[21]					(20)	[17],[18],[23],[36]
Fair Value		$ 0	[12],[14],[20],[21]					$ (16)	[17],[18],[23],[36]
Percentage of Net Assets		0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]
Investment, Identifier [Axis]: PDI TA Holdings, Inc., First lien senior secured delayed draw term loan
Schedule of Investments [Line Items]
Interest	[12],[14],[20],[21],[30]	5.25%		5.25%		5.25%
Par / Units	[12],[14],[20],[21],[30]	$ 0
Amortized Cost	[12],[14],[20],[21],[30]	(19)
Fair Value	[12],[14],[20],[21],[30]	$ (10)
Percentage of Net Assets	[12],[14],[20],[21],[30]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: PDI TA Holdings, Inc., First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[12],[14],[31]	5.25%		5.25%		5.25%
Par / Units	[12],[14],[31]	$ 9,011
Amortized Cost	[12],[14],[31]	8,886
Fair Value	[12],[14],[31]	$ 8,921
Percentage of Net Assets	[12],[14],[31]	0.20%		0.20%		0.20%
Investment, Identifier [Axis]: PDI TA Holdings, Inc., First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest	[12],[14],[20],[21]	5.50%		5.50%		5.50%
Par / Units	[12],[14],[20],[21]	$ 0
Amortized Cost	[12],[14],[20],[21]	(12)
Fair Value	[12],[14],[20],[21]	$ (9)
Percentage of Net Assets	[12],[14],[20],[21]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Par Technology Corporation, First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[12],[14],[31]	5.00%		5.00%		5.00%
Par / Units	[12],[14],[31]	$ 19,286
Amortized Cost	[12],[14],[31]	18,996
Fair Value	[12],[14],[31]	$ 18,985
Percentage of Net Assets	[12],[14],[31]	0.50%		0.50%		0.50%
Investment, Identifier [Axis]: Paradigmatic Holdco LLC (dba Pluralsight), Common stock
Schedule of Investments [Line Items]
Units (in shares) | shares	[14],[24],[25],[45]	10,119,000		10,119,000		10,119,000
Amortized Cost	[14],[24],[25],[45]	$ 26,850
Fair Value	[14],[24],[25],[45]	$ 26,850
Percentage of Net Assets	[14],[24],[25],[45]	0.80%		0.80%		0.80%
Investment, Identifier [Axis]: Peraton Corp., Second lien senior secured loan
Schedule of Investments [Line Items]
Interest		7.75%	[12],[14],[31],[39]	7.75%	[12],[14],[31],[39]	7.75%	[12],[14],[31],[39]	7.75%	[16],[17],[18],[34]	7.75%	[16],[17],[18],[34]	7.75%	[16],[17],[18],[34]
Par / Units		$ 84,551	[12],[14],[31],[39]					$ 84,551	[16],[17],[18],[34]
Amortized Cost		83,725	[12],[14],[31],[39]					83,621	[16],[17],[18],[34]
Fair Value		$ 79,165	[12],[14],[31],[39]					$ 83,916	[16],[17],[18],[34]
Percentage of Net Assets		2.20%	[12],[14],[31],[39]	2.20%	[12],[14],[31],[39]	2.20%	[12],[14],[31],[39]	2.40%	[16],[17],[18],[34]	2.40%	[16],[17],[18],[34]	2.40%	[16],[17],[18],[34]
Investment, Identifier [Axis]: PetVet Care Centers, LLC, First lien senior secured delayed draw term loan
Schedule of Investments [Line Items]
Interest		6.00%	[12],[14],[20],[21],[30]	6.00%	[12],[14],[20],[21],[30]	6.00%	[12],[14],[20],[21],[30]	6.00%	[17],[18],[23],[36],[40]	6.00%	[17],[18],[23],[36],[40]	6.00%	[17],[18],[23],[36],[40]
Par / Units		$ 0	[12],[14],[20],[21],[30]					$ 0	[17],[18],[23],[36],[40]
Amortized Cost		(22)	[12],[14],[20],[21],[30]					(25)	[17],[18],[23],[36],[40]
Fair Value		$ (51)	[12],[14],[20],[21],[30]					$ (3)	[17],[18],[23],[36],[40]
Percentage of Net Assets		0.00%	[12],[14],[20],[21],[30]	0.00%	[12],[14],[20],[21],[30]	0.00%	[12],[14],[20],[21],[30]	0.00%	[17],[18],[23],[36],[40]	0.00%	[17],[18],[23],[36],[40]	0.00%	[17],[18],[23],[36],[40]
Investment, Identifier [Axis]: PetVet Care Centers, LLC, First lien senior secured loan
Schedule of Investments [Line Items]
Interest		6.00%	[12],[13],[14]	6.00%	[12],[13],[14]	6.00%	[12],[13],[14]	6.00%	[17],[18],[22]	6.00%	[17],[18],[22]	6.00%	[17],[18],[22]
Par / Units		$ 38,956	[12],[13],[14]					$ 39,250	[17],[18],[22]
Amortized Cost		38,601	[12],[13],[14]					38,863	[17],[18],[22]
Fair Value		$ 38,177	[12],[13],[14]					$ 38,838	[17],[18],[22]
Percentage of Net Assets		1.10%	[12],[13],[14]	1.10%	[12],[13],[14]	1.10%	[12],[13],[14]	1.10%	[17],[18],[22]	1.10%	[17],[18],[22]	1.10%	[17],[18],[22]
Investment, Identifier [Axis]: PetVet Care Centers, LLC, First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		6.00%	[12],[14],[20],[21]	6.00%	[12],[14],[20],[21]	6.00%	[12],[14],[20],[21]	6.00%	[17],[18],[23],[36]	6.00%	[17],[18],[23],[36]	6.00%	[17],[18],[23],[36]
Par / Units		$ 0	[12],[14],[20],[21]					$ 0	[17],[18],[23],[36]
Amortized Cost		(48)	[12],[14],[20],[21]					(57)	[17],[18],[23],[36]
Fair Value		$ (107)	[12],[14],[20],[21]					$ (56)	[17],[18],[23],[36]
Percentage of Net Assets		0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]
Investment, Identifier [Axis]: Picard Holdco, LLC, Series A Preferred Stock
Schedule of Investments [Line Items]
Interest, PIK	[16],[17],[18],[27]							12.00%		12.00%		12.00%
Units (in shares) | shares	[16],[17],[18],[27]							10,570		10,570		10,570
Amortized Cost	[16],[17],[18],[27]							$ 11,172
Fair Value	[16],[17],[18],[27]							$ 12,306
Percentage of Net Assets	[16],[17],[18],[27]							0.40%		0.40%		0.40%
Investment, Identifier [Axis]: Ping Identity Holding Corp., First lien senior secured loan
Schedule of Investments [Line Items]
Interest		4.75%	[12],[14],[31]	4.75%	[12],[14],[31]	4.75%	[12],[14],[31]	7.00%	[17],[18],[22]	7.00%	[17],[18],[22]	7.00%	[17],[18],[22]
Par / Units		$ 4,156	[12],[14],[31]					$ 909	[17],[18],[22]
Amortized Cost		4,146	[12],[14],[31]					897	[17],[18],[22]
Fair Value		$ 4,156	[12],[14],[31]					$ 905	[17],[18],[22]
Percentage of Net Assets		0.10%	[12],[14],[31]	0.10%	[12],[14],[31]	0.10%	[12],[14],[31]	0.00%	[17],[18],[22]	0.00%	[17],[18],[22]	0.00%	[17],[18],[22]
Investment, Identifier [Axis]: Ping Identity Holding Corp., First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		4.75%	[12],[14],[20],[21]	4.75%	[12],[14],[20],[21]	4.75%	[12],[14],[20],[21]	7.00%	[17],[18],[23],[36]	7.00%	[17],[18],[23],[36]	7.00%	[17],[18],[23],[36]
Par / Units		$ 0	[12],[14],[20],[21]					$ 0	[17],[18],[23],[36]
Amortized Cost		(1)	[12],[14],[20],[21]					(1)	[17],[18],[23],[36]
Fair Value		$ 0	[12],[14],[20],[21]					$ 0	[17],[18],[23],[36]
Percentage of Net Assets		0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]
Investment, Identifier [Axis]: Pluralsight, LLC
Schedule of Investments [Line Items]
Fair Value		$ 87,564						$ 0
Investment, Identifier [Axis]: Pluralsight, LLC, First lien senior secured delayed draw term loan
Schedule of Investments [Line Items]
Interest	[12],[14],[20],[45]	4.50%		4.50%		4.50%
Interest, PIK	[12],[14],[20],[45]	1.50%		1.50%		1.50%
Par / Units	[12],[14],[20],[45]	$ 0
Amortized Cost	[12],[14],[20],[45]	0
Fair Value	[12],[14],[20],[45]	$ 0
Percentage of Net Assets	[12],[14],[20],[45]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Pluralsight, LLC, First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[16],[17],[18]							8.00%		8.00%		8.00%
Par / Units	[16],[17],[18]							$ 159,494
Amortized Cost	[16],[17],[18]							158,548
Fair Value	[16],[17],[18]							$ 154,311
Percentage of Net Assets	[16],[17],[18]							4.40%		4.40%		4.40%
Investment, Identifier [Axis]: Pluralsight, LLC, First lien senior secured loan 1
Schedule of Investments [Line Items]
Interest	[12],[14],[31],[45]	4.50%		4.50%		4.50%
Interest, PIK	[12],[14],[31],[45]	1.50%		1.50%		1.50%
Par / Units	[12],[14],[31],[45]	$ 30,357
Amortized Cost	[12],[14],[31],[45]	30,357
Fair Value	[12],[14],[31],[45]	$ 30,357
Percentage of Net Assets	[12],[14],[31],[45]	0.80%		0.80%		0.80%
Investment, Identifier [Axis]: Pluralsight, LLC, First lien senior secured loan 2
Schedule of Investments [Line Items]
Interest, PIK	[12],[14],[31],[45]	7.50%		7.50%		7.50%
Par / Units	[12],[14],[31],[45]	$ 30,357
Amortized Cost	[12],[14],[31],[45]	30,357
Fair Value	[12],[14],[31],[45]	$ 30,357
Percentage of Net Assets	[12],[14],[31],[45]	0.80%		0.80%		0.80%
Investment, Identifier [Axis]: Pluralsight, LLC, First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		4.50%	[12],[14],[20],[45]	4.50%	[12],[14],[20],[45]	4.50%	[12],[14],[20],[45]	8.00%	[16],[17],[18],[23]	8.00%	[16],[17],[18],[23]	8.00%	[16],[17],[18],[23]
Par / Units		$ 0	[12],[14],[20],[45]					$ 7,770	[16],[17],[18],[23]
Amortized Cost		0	[12],[14],[20],[45]					7,727	[16],[17],[18],[23]
Fair Value		$ 0	[12],[14],[20],[45]					$ 7,445	[16],[17],[18],[23]
Percentage of Net Assets		0.00%	[12],[14],[20],[45]	0.00%	[12],[14],[20],[45]	0.00%	[12],[14],[20],[45]	0.20%	[16],[17],[18],[23]	0.20%	[16],[17],[18],[23]	0.20%	[16],[17],[18],[23]
Investment, Identifier [Axis]: Project Alpine Co-Invest Fund, LP, LP Interest
Schedule of Investments [Line Items]
Par / Units		$ 3,644	[14],[15],[24],[25]					$ 3,644	[18],[19],[26],[27]
Amortized Cost		3,646	[14],[15],[24],[25]					3,646	[18],[19],[26],[27]
Fair Value		$ 4,306	[14],[15],[24],[25]					$ 4,306	[18],[19],[26],[27]
Percentage of Net Assets		0.10%	[14],[15],[24],[25]	0.10%	[14],[15],[24],[25]	0.10%	[14],[15],[24],[25]	0.10%	[18],[19],[26],[27]	0.10%	[18],[19],[26],[27]	0.10%	[18],[19],[26],[27]
Investment, Identifier [Axis]: Project Hotel California Co-Invest Fund, L.P., LP Interest
Schedule of Investments [Line Items]
Par / Units		$ 2,685	[14],[15],[24],[25]					$ 2,685	[18],[19],[26],[27]
Amortized Cost		2,687	[14],[15],[24],[25]					2,687	[18],[19],[26],[27]
Fair Value		$ 3,053	[14],[15],[24],[25]					$ 3,045	[18],[19],[26],[27]
Percentage of Net Assets		0.10%	[14],[15],[24],[25]	0.10%	[14],[15],[24],[25]	0.10%	[14],[15],[24],[25]	0.10%	[18],[19],[26],[27]	0.10%	[18],[19],[26],[27]	0.10%	[18],[19],[26],[27]
Investment, Identifier [Axis]: Project Power Buyer, LLC (dba PEC-Veriforce), First lien senior secured loan
Schedule of Investments [Line Items]
Interest		6.75%	[12],[14],[31]	6.75%	[12],[14],[31]	6.75%	[12],[14],[31]	7.00%	[16],[17],[18]	7.00%	[16],[17],[18]	7.00%	[16],[17],[18]
Par / Units		$ 51,572	[12],[14],[31]					$ 51,972	[16],[17],[18]
Amortized Cost		51,365	[12],[14],[31]					51,680	[16],[17],[18]
Fair Value		$ 51,572	[12],[14],[31]					$ 51,712	[16],[17],[18]
Percentage of Net Assets		1.40%	[12],[14],[31]	1.40%	[12],[14],[31]	1.40%	[12],[14],[31]	1.50%	[16],[17],[18]	1.50%	[16],[17],[18]	1.50%	[16],[17],[18]
Investment, Identifier [Axis]: Project Power Buyer, LLC (dba PEC-Veriforce), First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		7.00%	[12],[14],[20],[21]	7.00%	[12],[14],[20],[21]	7.00%	[12],[14],[20],[21]	7.00%	[17],[18],[23],[36]	7.00%	[17],[18],[23],[36]	7.00%	[17],[18],[23],[36]
Par / Units		$ 0	[12],[14],[20],[21]					$ 0	[17],[18],[23],[36]
Amortized Cost		(5)	[12],[14],[20],[21]					(11)	[17],[18],[23],[36]
Fair Value		$ 0	[12],[14],[20],[21]					$ (19)	[17],[18],[23],[36]
Percentage of Net Assets		0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]
Investment, Identifier [Axis]: Proofpoint, Inc., Second lien senior secured loan
Schedule of Investments [Line Items]
Interest	[17],[18],[22],[34]							6.25%		6.25%		6.25%
Par / Units	[17],[18],[22],[34]							$ 55,000
Amortized Cost	[17],[18],[22],[34]							54,786
Fair Value	[17],[18],[22],[34]							$ 55,413
Percentage of Net Assets	[17],[18],[22],[34]							1.60%		1.60%		1.60%
Investment, Identifier [Axis]: Pye-Barker Fire & Safety, LLC, First lien senior secured delayed draw term loan
Schedule of Investments [Line Items]
Interest	[12],[14],[20],[30],[31]	4.50%		4.50%		4.50%
Par / Units	[12],[14],[20],[30],[31]	$ 779
Amortized Cost	[12],[14],[20],[30],[31]	745
Fair Value	[12],[14],[20],[30],[31]	$ 743
Percentage of Net Assets	[12],[14],[20],[30],[31]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Pye-Barker Fire & Safety, LLC, First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[12],[14],[31]	4.50%		4.50%		4.50%
Par / Units	[12],[14],[31]	$ 14,138
Amortized Cost	[12],[14],[31]	14,070
Fair Value	[12],[14],[31]	$ 14,067
Percentage of Net Assets	[12],[14],[31]	0.40%		0.40%		0.40%
Investment, Identifier [Axis]: Pye-Barker Fire & Safety, LLC, First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest	[12],[14],[20],[31]	4.50%		4.50%		4.50%
Par / Units	[12],[14],[20],[31]	$ 341
Amortized Cost	[12],[14],[20],[31]	328
Fair Value	[12],[14],[20],[31]	$ 327
Percentage of Net Assets	[12],[14],[20],[31]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: QAD, Inc., First lien senior secured loan
Schedule of Investments [Line Items]
Interest		4.75%	[12],[13],[14]	4.75%	[12],[13],[14]	4.75%	[12],[13],[14]	5.38%	[17],[18],[22]	5.38%	[17],[18],[22]	5.38%	[17],[18],[22]
Par / Units		$ 88,393	[12],[13],[14]					$ 87,021	[17],[18],[22]
Amortized Cost		88,394	[12],[13],[14]					85,807	[17],[18],[22]
Fair Value		$ 88,393	[12],[13],[14]					$ 85,716	[17],[18],[22]
Percentage of Net Assets		2.50%	[12],[13],[14]	2.50%	[12],[13],[14]	2.50%	[12],[13],[14]	2.40%	[17],[18],[22]	2.40%	[17],[18],[22]	2.40%	[17],[18],[22]
Investment, Identifier [Axis]: QAD, Inc., First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		4.75%	[12],[14],[20]	4.75%	[12],[14],[20]	4.75%	[12],[14],[20]	5.38%	[17],[18],[23],[36]	5.38%	[17],[18],[23],[36]	5.38%	[17],[18],[23],[36]
Par / Units		$ 0	[12],[14],[20]					$ 0	[17],[18],[23],[36]
Amortized Cost		0	[12],[14],[20]					(146)	[17],[18],[23],[36]
Fair Value		$ 0	[12],[14],[20]					$ (171)	[17],[18],[23],[36]
Percentage of Net Assets		0.00%	[12],[14],[20]	0.00%	[12],[14],[20]	0.00%	[12],[14],[20]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]
Investment, Identifier [Axis]: REALPAGE, INC., Second lien senior secured loan
Schedule of Investments [Line Items]
Interest	[17],[18],[22],[34]							6.50%		6.50%		6.50%
Par / Units	[17],[18],[22],[34]							$ 52,500
Amortized Cost	[17],[18],[22],[34]							51,920
Fair Value	[17],[18],[22],[34]							$ 52,369
Percentage of Net Assets	[17],[18],[22],[34]							1.50%		1.50%		1.50%
Investment, Identifier [Axis]: RL Datix Holdings (USA), Inc., First lien senior secured GBP term loan
Schedule of Investments [Line Items]
Interest	[12],[14],[37]	5.50%		5.50%		5.50%
Par / Units | €	[12],[14],[37]					€ 22,553
Amortized Cost	[12],[14],[37]	$ 27,900
Fair Value	[12],[14],[37]	$ 29,949
Percentage of Net Assets	[12],[14],[37]	0.80%		0.80%		0.80%
Investment, Identifier [Axis]: RL Datix Holdings (USA), Inc., First lien senior secured delayed draw term loan
Schedule of Investments [Line Items]
Interest		5.50%	[12],[14],[20],[30]	5.50%	[12],[14],[20],[30]	5.50%	[12],[14],[20],[30]	4.50%	[17],[18],[19],[32],[40]	4.50%	[17],[18],[19],[32],[40]	4.50%	[17],[18],[19],[32],[40]
Par / Units		$ 0	[12],[14],[20],[30]					$ 14,600	[17],[18],[19],[32],[40]
Amortized Cost		0	[12],[14],[20],[30]					14,440	[17],[18],[19],[32],[40]
Fair Value		$ 0	[12],[14],[20],[30]					$ 14,600	[17],[18],[19],[32],[40]
Percentage of Net Assets		0.00%	[12],[14],[20],[30]	0.00%	[12],[14],[20],[30]	0.00%	[12],[14],[20],[30]	0.40%	[17],[18],[19],[32],[40]	0.40%	[17],[18],[19],[32],[40]	0.40%	[17],[18],[19],[32],[40]
Investment, Identifier [Axis]: RL Datix Holdings (USA), Inc., First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[12],[14],[31]	5.50%		5.50%		5.50%
Par / Units	[12],[14],[31]	$ 48,700
Amortized Cost	[12],[14],[31]	48,236
Fair Value	[12],[14],[31]	$ 48,213
Percentage of Net Assets	[12],[14],[31]	1.30%		1.30%		1.30%
Investment, Identifier [Axis]: RL Datix Holdings (USA), Inc., First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		5.50%	[12],[14],[20],[21]	5.50%	[12],[14],[20],[21]	5.50%	[12],[14],[20],[21]	4.50%	[17],[18],[19],[23],[32]	4.50%	[17],[18],[19],[23],[32]	4.50%	[17],[18],[19],[23],[32]
Par / Units		$ 0	[12],[14],[20],[21]					$ 1,222	[17],[18],[19],[23],[32]
Amortized Cost		(90)	[12],[14],[20],[21]					1,204	[17],[18],[19],[23],[32]
Fair Value		$ (96)	[12],[14],[20],[21]					$ 1,222	[17],[18],[19],[23],[32]
Percentage of Net Assets		0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[17],[18],[19],[23],[32]	0.00%	[17],[18],[19],[23],[32]	0.00%	[17],[18],[19],[23],[32]
Investment, Identifier [Axis]: RL Datix Holdings (USA), Inc., Second lien senior secured loan
Schedule of Investments [Line Items]
Interest	[17],[18],[19],[32]							7.75%		7.75%		7.75%
Par / Units	[17],[18],[19],[32]							$ 22,333
Amortized Cost	[17],[18],[19],[32]							22,029
Fair Value	[17],[18],[19],[32]							$ 22,333
Percentage of Net Assets	[17],[18],[19],[32]							0.60%		0.60%		0.60%
Investment, Identifier [Axis]: RealPage, Inc., Second lien senior secured loan
Schedule of Investments [Line Items]
Interest	[12],[13],[14],[39]	6.50%		6.50%		6.50%
Par / Units	[12],[13],[14],[39]	$ 52,500
Amortized Cost	[12],[13],[14],[39]	51,983
Fair Value	[12],[13],[14],[39]	$ 50,285
Percentage of Net Assets	[12],[13],[14],[39]	1.40%		1.40%		1.40%
Investment, Identifier [Axis]: Relativity ODA LLC, First lien senior secured loan
Schedule of Investments [Line Items]
Interest		4.50%	[12],[13],[14]	4.50%	[12],[13],[14]	4.50%	[12],[13],[14]	6.50%	[17],[18],[22]	6.50%	[17],[18],[22]	6.50%	[17],[18],[22]
Par / Units		$ 92,129	[12],[13],[14]					$ 131,681	[17],[18],[22]
Amortized Cost		91,765	[12],[13],[14]					130,621	[17],[18],[22]
Fair Value		$ 91,752	[12],[13],[14]					$ 131,681	[17],[18],[22]
Percentage of Net Assets		2.60%	[12],[13],[14]	2.60%	[12],[13],[14]	2.60%	[12],[13],[14]	3.70%	[17],[18],[22]	3.70%	[17],[18],[22]	3.70%	[17],[18],[22]
Investment, Identifier [Axis]: Relativity ODA LLC, First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		4.50%	[12],[14],[20],[21]	4.50%	[12],[14],[20],[21]	4.50%	[12],[14],[20],[21]	6.50%	[17],[18],[23],[36]	6.50%	[17],[18],[23],[36]	6.50%	[17],[18],[23],[36]
Par / Units		$ 0	[12],[14],[20],[21]					$ 0	[17],[18],[23],[36]
Amortized Cost		(31)	[12],[14],[20],[21]					(95)	[17],[18],[23],[36]
Fair Value		$ (32)	[12],[14],[20],[21]					$ 0	[17],[18],[23],[36]
Percentage of Net Assets		0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]
Investment, Identifier [Axis]: Replicated, Inc., Series C Preferred Stock
Schedule of Investments [Line Items]
Units (in shares) | shares		1,277,832	[24],[25]	1,277,832	[24],[25]	1,277,832	[24],[25]	1,277,832	[26],[27]	1,277,832	[26],[27]	1,277,832	[26],[27]
Amortized Cost		$ 20,008	[24],[25]					$ 20,008	[26],[27]
Fair Value		$ 10,502	[24],[25]					$ 12,747	[26],[27]
Percentage of Net Assets		0.30%	[24],[25]	0.30%	[24],[25]	0.30%	[24],[25]	0.40%	[26],[27]	0.40%	[26],[27]	0.40%	[26],[27]
Investment, Identifier [Axis]: Revolut Ribbit Holdings, LLC
Schedule of Investments [Line Items]
Fair Value		$ 106,443						$ 66,509						66,509
Investment, Identifier [Axis]: Revolut Ribbit Holdings, LLC, LLC Interest
Schedule of Investments [Line Items]
Par / Units		75,031	[15],[24],[25],[49]					75,031	[19],[26],[27],[50]
Amortized Cost		75,262	[15],[24],[25],[49]					75,262	[19],[26],[27],[50]
Fair Value		$ 106,443	[15],[24],[25],[49]					$ 66,509	[19],[26],[27],[50]
Percentage of Net Assets		3.00%	[15],[24],[25],[49]	3.00%	[15],[24],[25],[49]	3.00%	[15],[24],[25],[49]	1.90%	[19],[26],[27],[50]	1.90%	[19],[26],[27],[50]	1.90%	[19],[26],[27],[50]
Investment, Identifier [Axis]: Robinhood Markets, Inc., Common stock
Schedule of Investments [Line Items]
Units (in shares) | shares	[18],[19],[26],[43]							2,416,000		2,416,000		2,416,000
Amortized Cost	[18],[19],[26],[43]							$ 64,335
Fair Value	[18],[19],[26],[43]							$ 30,780
Percentage of Net Assets	[18],[19],[26],[43]							0.90%		0.90%		0.90%
Investment, Identifier [Axis]: Romulus Intermediate Holdings 1 Inc. (dba PetVet Care Centers), Series A Preferred Stock
Schedule of Investments [Line Items]
Interest, PIK	[14],[25],[28]	15.00%		15.00%		15.00%
Units (in shares) | shares	[14],[25],[28]	4,419		4,419		4,419
Amortized Cost	[14],[25],[28]	$ 4,858
Fair Value	[14],[25],[28]	$ 4,799
Percentage of Net Assets	[14],[25],[28]	0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Romulus Intermediate Holdings 1 Inc. (dba PetVet), Series A Preferred Stock
Schedule of Investments [Line Items]
Interest, PIK	[18],[27],[29]							15.00%		15.00%		15.00%
Units (in shares) | shares	[18],[27],[29]							4,419,037		4,419,037		4,419,037
Amortized Cost	[18],[27],[29]							$ 4,332
Fair Value	[18],[27],[29]							$ 4,331
Percentage of Net Assets	[18],[27],[29]							0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Rubrik, Inc., First lien senior secured delayed draw term loan
Schedule of Investments [Line Items]
Interest		7.00%	[12],[14],[20],[30],[31]	7.00%	[12],[14],[20],[30],[31]	7.00%	[12],[14],[20],[30],[31]	7.00%	[16],[17],[18],[23],[40]	7.00%	[16],[17],[18],[23],[40]	7.00%	[16],[17],[18],[23],[40]
Par / Units		$ 1,192	[12],[14],[20],[30],[31]					$ 147	[16],[17],[18],[23],[40]
Amortized Cost		1,179	[12],[14],[20],[30],[31]					130	[16],[17],[18],[23],[40]
Fair Value		$ 1,192	[12],[14],[20],[30],[31]					$ 132	[16],[17],[18],[23],[40]
Percentage of Net Assets		0.00%	[12],[14],[20],[30],[31]	0.00%	[12],[14],[20],[30],[31]	0.00%	[12],[14],[20],[30],[31]	0.00%	[16],[17],[18],[23],[40]	0.00%	[16],[17],[18],[23],[40]	0.00%	[16],[17],[18],[23],[40]
Investment, Identifier [Axis]: Rubrik, Inc., First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[12],[14],[31]	7.00%		7.00%		7.00%
Par / Units	[12],[14],[31]	$ 10,394
Amortized Cost	[12],[14],[31]	10,284
Fair Value	[12],[14],[31]	$ 10,394
Percentage of Net Assets	[12],[14],[31]	0.30%		0.30%		0.30%
Investment, Identifier [Axis]: Rubrik, Inc., First lien senior secured term loan
Schedule of Investments [Line Items]
Interest	[16],[17],[18]							7.00%		7.00%		7.00%
Par / Units	[16],[17],[18]							$ 10,394
Amortized Cost	[16],[17],[18]							10,268
Fair Value	[16],[17],[18]							$ 10,290
Percentage of Net Assets	[16],[17],[18]							0.30%		0.30%		0.30%
Investment, Identifier [Axis]: SLA Eclipse Co-Invest, L.P., LP Interest
Schedule of Investments [Line Items]
Par / Units		$ 15,000	[15],[24],[25],[39]					$ 15,000	[19],[26],[27],[34]
Amortized Cost		15,256	[15],[24],[25],[39]					15,217	[19],[26],[27],[34]
Fair Value		$ 17,010	[15],[24],[25],[39]					$ 18,110	[19],[26],[27],[34]
Percentage of Net Assets		0.50%	[15],[24],[25],[39]	0.50%	[15],[24],[25],[39]	0.50%	[15],[24],[25],[39]	0.50%	[19],[26],[27],[34]	0.50%	[19],[26],[27],[34]	0.50%	[19],[26],[27],[34]
Investment, Identifier [Axis]: SailPoint Technologies Holdings, Inc., First lien senior secured loan
Schedule of Investments [Line Items]
Interest		6.00%	[12],[14],[31]	6.00%	[12],[14],[31]	6.00%	[12],[14],[31]	6.00%	[17],[18],[22]	6.00%	[17],[18],[22]	6.00%	[17],[18],[22]
Par / Units		$ 45,640	[12],[14],[31]					$ 45,640	[17],[18],[22]
Amortized Cost		44,898	[12],[14],[31]					44,815	[17],[18],[22]
Fair Value		$ 45,526	[12],[14],[31]					$ 45,298	[17],[18],[22]
Percentage of Net Assets		1.30%	[12],[14],[31]	1.30%	[12],[14],[31]	1.30%	[12],[14],[31]	1.30%	[17],[18],[22]	1.30%	[17],[18],[22]	1.30%	[17],[18],[22]
Investment, Identifier [Axis]: SailPoint Technologies Holdings, Inc., First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		6.00%	[12],[14],[20],[21]	6.00%	[12],[14],[20],[21]	6.00%	[12],[14],[20],[21]	6.00%	[17],[18],[23],[36]	6.00%	[17],[18],[23],[36]	6.00%	[17],[18],[23],[36]
Par / Units		$ 0	[12],[14],[20],[21]					$ 0	[17],[18],[23],[36]
Amortized Cost		(56)	[12],[14],[20],[21]					(67)	[17],[18],[23],[36]
Fair Value		$ (11)	[12],[14],[20],[21]					$ (33)	[17],[18],[23],[36]
Percentage of Net Assets		0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]
Investment, Identifier [Axis]: Salinger Bidco Inc. (dba Surgical Information Systems), First lien senior secured delayed draw term loan
Schedule of Investments [Line Items]
Interest	[12],[14],[20],[21],[30]	5.75%		5.75%		5.75%
Par / Units	[12],[14],[20],[21],[30]	$ 0
Amortized Cost	[12],[14],[20],[21],[30]	(9)
Fair Value	[12],[14],[20],[21],[30]	$ (9)
Percentage of Net Assets	[12],[14],[20],[21],[30]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Salinger Bidco Inc. (dba Surgical Information Systems), First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[12],[14],[31]	5.75%		5.75%		5.75%
Par / Units	[12],[14],[31]	$ 12,188
Amortized Cost	[12],[14],[31]	12,008
Fair Value	[12],[14],[31]	$ 12,005
Percentage of Net Assets	[12],[14],[31]	0.30%		0.30%		0.30%
Investment, Identifier [Axis]: Salinger Bidco Inc. (dba Surgical Information Systems), First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest	[12],[14],[20],[21]	5.75%		5.75%		5.75%
Par / Units	[12],[14],[20],[21]	$ 0
Amortized Cost	[12],[14],[20],[21]	(21)
Fair Value	[12],[14],[20],[21]	$ (21)
Percentage of Net Assets	[12],[14],[20],[21]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Saturn Ultimate, Inc., Common stock
Schedule of Investments [Line Items]
Units (in shares) | shares		5,580,593	[14],[24],[25]	5,580,593	[14],[24],[25]	5,580,593	[14],[24],[25]	5,580,593	[18],[26],[27]	5,580,593	[18],[26],[27]	5,580,593	[18],[26],[27]
Amortized Cost		$ 25,008	[14],[24],[25]					$ 25,008	[18],[26],[27]
Fair Value		$ 51,050	[14],[24],[25]					$ 49,121	[18],[26],[27]
Percentage of Net Assets		1.40%	[14],[24],[25]	1.40%	[14],[24],[25]	1.40%	[14],[24],[25]	1.40%	[18],[26],[27]	1.40%	[18],[26],[27]	1.40%	[18],[26],[27]
Investment, Identifier [Axis]: Securiti, Inc., Series C Preferred Shares
Schedule of Investments [Line Items]
Units (in shares) | shares	[14],[24],[25]	2,525,571		2,525,571		2,525,571
Amortized Cost	[14],[24],[25]	$ 20,016
Fair Value	[14],[24],[25]	$ 20,000
Percentage of Net Assets	[14],[24],[25]	0.60%		0.60%		0.60%
Investment, Identifier [Axis]: Securiti, Inc., Series C Preferred Stock
Schedule of Investments [Line Items]
Units (in shares) | shares	[18],[26],[27]							2,525,571		2,525,571		2,525,571
Amortized Cost	[18],[26],[27]							$ 20,016
Fair Value	[18],[26],[27]							$ 18,596
Percentage of Net Assets	[18],[26],[27]							0.50%		0.50%		0.50%
Investment, Identifier [Axis]: Securonix, Inc., First lien senior secured loan
Schedule of Investments [Line Items]
Interest		7.00%	[12],[14],[31]	7.00%	[12],[14],[31]	7.00%	[12],[14],[31]	6.00%	[16],[17],[18]	6.00%	[16],[17],[18]	6.00%	[16],[17],[18]
Par / Units		$ 19,774	[12],[14],[31]					$ 19,774	[16],[17],[18]
Amortized Cost		19,644	[12],[14],[31]					19,622	[16],[17],[18]
Fair Value		$ 17,401	[12],[14],[31]					$ 18,538	[16],[17],[18]
Percentage of Net Assets		0.50%	[12],[14],[31]	0.50%	[12],[14],[31]	0.50%	[12],[14],[31]	0.50%	[16],[17],[18]	0.50%	[16],[17],[18]	0.50%	[16],[17],[18]
Investment, Identifier [Axis]: Securonix, Inc., First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		7.00%	[12],[14],[20],[31]	7.00%	[12],[14],[20],[31]	7.00%	[12],[14],[20],[31]	6.50%	[17],[18],[23],[36]	6.50%	[17],[18],[23],[36]	6.50%	[17],[18],[23],[36]
Par / Units		$ 80	[12],[14],[20],[31]					$ 0	[17],[18],[23],[36]
Amortized Cost		59	[12],[14],[20],[31]					(25)	[17],[18],[23],[36]
Fair Value		$ (347)	[12],[14],[20],[31]					$ (222)	[17],[18],[23],[36]
Percentage of Net Assets		0.00%	[12],[14],[20],[31]	0.00%	[12],[14],[20],[31]	0.00%	[12],[14],[20],[31]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]
Investment, Identifier [Axis]: Signifyd Inc.
Schedule of Investments [Line Items]
Fair Value		$ 121,215						$ 110,500						109,216
Investment, Identifier [Axis]: Signifyd Inc., Preferred equity
Schedule of Investments [Line Items]
Interest, PIK	[25],[28],[45]	900.00%		900.00%		900.00%
Units (in shares) | shares	[25],[28],[45]	2,755,121		2,755,121		2,755,121
Amortized Cost	[25],[28],[45]	$ 133,177
Fair Value	[25],[28],[45]	$ 121,215
Percentage of Net Assets	[25],[28],[45]	3.40%		3.40%		3.40%
Investment, Identifier [Axis]: Signifyd Inc., Series E Preferred Shares
Schedule of Investments [Line Items]
Interest, PIK	[27],[29],[47]							9.00%		9.00%		9.00%
Units (in shares) | shares	[27],[29],[47]							2,755,121		2,755,121		2,755,121
Amortized Cost	[27],[29],[47]							$ 127,523
Fair Value	[27],[29],[47]							$ 110,500
Percentage of Net Assets	[27],[29],[47]							3.10%		3.10%		3.10%
Investment, Identifier [Axis]: Simpler Postage, Inc. (dba Easypost), First lien senior secured delayed draw term loan 1
Schedule of Investments [Line Items]
Interest	[12],[14],[20],[21],[30]	7.00%		7.00%		7.00%
Par / Units	[12],[14],[20],[21],[30]	$ 0
Amortized Cost	[12],[14],[20],[21],[30]	(32)
Fair Value	[12],[14],[20],[21],[30]	$ (25)
Percentage of Net Assets	[12],[14],[20],[21],[30]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Simpler Postage, Inc. (dba Easypost), First lien senior secured delayed draw term loan 2
Schedule of Investments [Line Items]
Interest	[12],[14],[20],[30]	8.00%		8.00%		8.00%
Par / Units	[12],[14],[20],[30]	$ 0
Amortized Cost	[12],[14],[20],[30]	0
Fair Value	[12],[14],[20],[30]	$ 0
Percentage of Net Assets	[12],[14],[20],[30]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Simpler Postage, Inc. (dba Easypost), First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[12],[13],[14]	7.00%		7.00%		7.00%
Par / Units	[12],[13],[14]	$ 18,803
Amortized Cost	[12],[13],[14]	17,878
Fair Value	[12],[13],[14]	$ 17,863
Percentage of Net Assets	[12],[13],[14]	0.50%		0.50%		0.50%
Investment, Identifier [Axis]: Simpler Postage, Inc. (dba Easypost), Warrants
Schedule of Investments [Line Items]
Units (in shares) | shares	[14],[24],[25]	65,694		65,694		65,694
Amortized Cost	[14],[24],[25]	$ 827
Fair Value	[14],[24],[25]	$ 827
Percentage of Net Assets	[14],[24],[25]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: SimpliSafe Holding Corporation, First lien senior secured delayed draw term loan
Schedule of Investments [Line Items]
Interest	[17],[18],[22],[23],[40]							6.25%		6.25%		6.25%
Par / Units	[17],[18],[22],[23],[40]							$ 27
Amortized Cost	[17],[18],[22],[23],[40]							26
Fair Value	[17],[18],[22],[23],[40]							$ 27
Percentage of Net Assets	[17],[18],[22],[23],[40]							0.00%		0.00%		0.00%
Investment, Identifier [Axis]: SimpliSafe Holding Corporation, First lien senior secured loan
Schedule of Investments [Line Items]
Interest		6.25%	[12],[13],[14]	6.25%	[12],[13],[14]	6.25%	[12],[13],[14]	6.25%	[17],[18],[22]	6.25%	[17],[18],[22]	6.25%	[17],[18],[22]
Par / Units		$ 907	[12],[13],[14]					$ 811	[17],[18],[22]
Amortized Cost		895	[12],[13],[14]					798	[17],[18],[22]
Fair Value		$ 907	[12],[13],[14]					$ 803	[17],[18],[22]
Percentage of Net Assets		0.00%	[12],[13],[14]	0.00%	[12],[13],[14]	0.00%	[12],[13],[14]	0.00%	[17],[18],[22]	0.00%	[17],[18],[22]	0.00%	[17],[18],[22]
Investment, Identifier [Axis]: Sitecore Holding III A/S, First lien senior secured EUR term loan
Schedule of Investments [Line Items]
Interest		7.75%	[12],[14]	7.75%	[12],[14]	7.75%	[12],[14]	7.50%	[17],[18],[51]	7.50%	[17],[18],[51]	7.50%	[17],[18],[51]
Interest, PIK		4.25%	[12],[14]	4.25%	[12],[14]	4.25%	[12],[14]	4.25%	[17],[18],[51]	4.25%	[17],[18],[51]	4.25%	[17],[18],[51]
Par / Units | €						€ 54,773	[12],[14]					€ 53,086	[17],[18],[51]
Amortized Cost		$ 57,408	[12],[14]					$ 55,526	[17],[18],[51]
Fair Value		$ 61,130	[12],[14]					$ 58,201	[17],[18],[51]
Percentage of Net Assets		1.70%	[12],[14]	1.70%	[12],[14]	1.70%	[12],[14]	1.60%	[17],[18],[51]	1.60%	[17],[18],[51]	1.60%	[17],[18],[51]
Investment, Identifier [Axis]: Sitecore Holding III A/S, First lien senior secured loan
Schedule of Investments [Line Items]
Interest		7.75%	[12],[14],[31]	7.75%	[12],[14],[31]	7.75%	[12],[14],[31]	7.50%	[17],[18],[32]	7.50%	[17],[18],[32]	7.50%	[17],[18],[32]
Interest, PIK		4.25%	[12],[14],[31]	4.25%	[12],[14],[31]	4.25%	[12],[14],[31]	4.25%	[17],[18],[32]	4.25%	[17],[18],[32]	4.25%	[17],[18],[32]
Par / Units		$ 9,358	[12],[14],[31]					$ 9,035	[17],[18],[32]
Amortized Cost		9,298	[12],[14],[31]					8,969	[17],[18],[32]
Fair Value		$ 9,358	[12],[14],[31]					$ 8,968	[17],[18],[32]
Percentage of Net Assets		0.30%	[12],[14],[31]	0.30%	[12],[14],[31]	0.30%	[12],[14],[31]	0.30%	[17],[18],[32]	0.30%	[17],[18],[32]	0.30%	[17],[18],[32]
Investment, Identifier [Axis]: Sitecore USA, Inc., First lien senior secured loan
Schedule of Investments [Line Items]
Interest		7.75%	[12],[14],[31]	7.75%	[12],[14],[31]	7.75%	[12],[14],[31]	7.50%	[17],[18],[32]	7.50%	[17],[18],[32]	7.50%	[17],[18],[32]
Interest, PIK		4.25%	[12],[14],[31]	4.25%	[12],[14],[31]	4.25%	[12],[14],[31]	4.25%	[17],[18],[32]	4.25%	[17],[18],[32]	4.25%	[17],[18],[32]
Par / Units		$ 56,419	[12],[14],[31]					$ 54,474	[17],[18],[32]
Amortized Cost		56,059	[12],[14],[31]					54,070	[17],[18],[32]
Fair Value		$ 56,419	[12],[14],[31]					$ 54,065	[17],[18],[32]
Percentage of Net Assets		1.60%	[12],[14],[31]	1.60%	[12],[14],[31]	1.60%	[12],[14],[31]	1.50%	[17],[18],[32]	1.50%	[17],[18],[32]	1.50%	[17],[18],[32]
Investment, Identifier [Axis]: Smarsh Inc., First lien senior secured delayed draw term loan
Schedule of Investments [Line Items]
Interest		5.75%	[12],[14],[20],[30],[31]	5.75%	[12],[14],[20],[30],[31]	5.75%	[12],[14],[20],[30],[31]	5.75%	[16],[17],[18],[23],[40]	5.75%	[16],[17],[18],[23],[40]	5.75%	[16],[17],[18],[23],[40]
Par / Units		$ 5,524	[12],[14],[20],[30],[31]					$ 5,524	[16],[17],[18],[23],[40]
Amortized Cost		5,450	[12],[14],[20],[30],[31]					5,438	[16],[17],[18],[23],[40]
Fair Value		$ 5,524	[12],[14],[20],[30],[31]					$ 5,510	[16],[17],[18],[23],[40]
Percentage of Net Assets		0.20%	[12],[14],[20],[30],[31]	0.20%	[12],[14],[20],[30],[31]	0.20%	[12],[14],[20],[30],[31]	0.20%	[16],[17],[18],[23],[40]	0.20%	[16],[17],[18],[23],[40]	0.20%	[16],[17],[18],[23],[40]
Investment, Identifier [Axis]: Smarsh Inc., First lien senior secured loan
Schedule of Investments [Line Items]
Interest		5.75%	[12],[14],[31]	5.75%	[12],[14],[31]	5.75%	[12],[14],[31]	5.75%	[16],[17],[18]	5.75%	[16],[17],[18]	5.75%	[16],[17],[18]
Par / Units		$ 44,190	[12],[14],[31]					$ 44,190	[16],[17],[18]
Amortized Cost		43,880	[12],[14],[31]					43,840	[16],[17],[18]
Fair Value		$ 44,190	[12],[14],[31]					$ 44,080	[16],[17],[18]
Percentage of Net Assets		1.20%	[12],[14],[31]	1.20%	[12],[14],[31]	1.20%	[12],[14],[31]	1.20%	[16],[17],[18]	1.20%	[16],[17],[18]	1.20%	[16],[17],[18]
Investment, Identifier [Axis]: Smarsh Inc., First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		5.75%	[12],[14],[20],[21]	5.75%	[12],[14],[20],[21]	5.75%	[12],[14],[20],[21]	5.75%	[17],[18],[23],[36]	5.75%	[17],[18],[23],[36]	5.75%	[17],[18],[23],[36]
Par / Units		$ 0	[12],[14],[20],[21]					$ 0	[17],[18],[23],[36]
Amortized Cost		(3)	[12],[14],[20],[21]					(3)	[17],[18],[23],[36]
Fair Value		$ 0	[12],[14],[20],[21]					$ (1)	[17],[18],[23],[36]
Percentage of Net Assets		0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]
Investment, Identifier [Axis]: Space Exploration Technologies Corp., Class A Common Stock
Schedule of Investments [Line Items]
Units (in shares) | shares		419,311	[14],[24],[25]	419,311	[14],[24],[25]	419,311	[14],[24],[25]	419,311	[18],[26],[27]	419,311	[18],[26],[27]	419,311	[18],[26],[27]
Amortized Cost		$ 23,013	[14],[24],[25]					$ 23,013	[18],[26],[27]
Fair Value		$ 46,963	[14],[24],[25]					$ 38,576	[18],[26],[27]
Percentage of Net Assets		1.30%	[14],[24],[25]	1.30%	[14],[24],[25]	1.30%	[14],[24],[25]	1.10%	[18],[26],[27]	1.10%	[18],[26],[27]	1.10%	[18],[26],[27]
Investment, Identifier [Axis]: Space Exploration Technologies Corp., Class C Common Stock
Schedule of Investments [Line Items]
Units (in shares) | shares		84,250	[14],[24],[25]	84,250	[14],[24],[25]	84,250	[14],[24],[25]	84,250	[18],[26],[27]	84,250	[18],[26],[27]	84,250	[18],[26],[27]
Amortized Cost		$ 4,011	[14],[24],[25]					$ 4,011	[18],[26],[27]
Fair Value		$ 9,436	[14],[24],[25]					$ 7,750	[18],[26],[27]
Percentage of Net Assets		0.30%	[14],[24],[25]	0.30%	[14],[24],[25]	0.30%	[14],[24],[25]	0.20%	[18],[26],[27]	0.20%	[18],[26],[27]	0.20%	[18],[26],[27]
Investment, Identifier [Axis]: Split Software, Inc.
Schedule of Investments [Line Items]
Fair Value		$ 0						$ 22,484						27,836
Investment, Identifier [Axis]: Split Software, Inc., Series D Non-Participating Convertible Preferred Stock
Schedule of Investments [Line Items]
Units (in shares) | shares	[26],[27],[47]							12,335,526		12,335,526		12,335,526
Amortized Cost	[26],[27],[47]							$ 30,005
Fair Value	[26],[27],[47]							$ 22,484
Percentage of Net Assets	[26],[27],[47]							0.70%		0.70%		0.70%
Investment, Identifier [Axis]: Storable, Inc., First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[12],[13],[14],[39]	3.50%		3.50%		3.50%
Par / Units	[12],[13],[14],[39]	$ 4,974
Amortized Cost	[12],[13],[14],[39]	4,943
Fair Value	[12],[13],[14],[39]	$ 4,983
Percentage of Net Assets	[12],[13],[14],[39]	0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand, Inc.), Series A Preferred Stock
Schedule of Investments [Line Items]
Interest, PIK		10.50%	[14],[25],[28]	10.50%	[14],[25],[28]	10.50%	[14],[25],[28]	10.50%	[18],[27],[29]	10.50%	[18],[27],[29]	10.50%	[18],[27],[29]
Units (in shares) | shares		28,000	[14],[25],[28]	28,000	[14],[25],[28]	28,000	[14],[25],[28]	28,000	[18],[27],[29]	28,000	[18],[27],[29]	28,000	[18],[27],[29]
Amortized Cost		$ 36,462	[14],[25],[28]					$ 32,793	[18],[27],[29]
Fair Value		$ 31,886	[14],[25],[28]					$ 29,769	[18],[27],[29]
Percentage of Net Assets		1.00%	[14],[25],[28]	1.00%	[14],[25],[28]	1.00%	[14],[25],[28]	0.90%	[18],[27],[29]	0.90%	[18],[27],[29]	0.90%	[18],[27],[29]
Investment, Identifier [Axis]: TG THERAPEUTICS, INC., First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[12],[14],[31]	5.50%		5.50%		5.50%
Par / Units	[12],[14],[31]	$ 12,500
Amortized Cost	[12],[14],[31]	12,409
Fair Value	[12],[14],[31]	$ 12,406
Percentage of Net Assets	[12],[14],[31]	0.30%		0.30%		0.30%
Investment, Identifier [Axis]: TK Operations Ltd (dba Travelperk, Inc.), First lien senior secured loan
Schedule of Investments [Line Items]
Interest, PIK	[14],[28]	11.50%		11.50%		11.50%
Par / Units	[14],[28]	$ 21,520
Amortized Cost	[14],[28]	19,827
Fair Value	[14],[28]	$ 19,798
Percentage of Net Assets	[14],[28]	0.60%		0.60%		0.60%
Investment, Identifier [Axis]: Talon MidCo 2 Limited (dba Tufin), First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[12],[13],[14],[15]	6.95%		6.95%		6.95%
Par / Units	[12],[13],[14],[15]	$ 2,700
Amortized Cost	[12],[13],[14],[15]	2,662
Fair Value	[12],[13],[14],[15]	$ 2,700
Percentage of Net Assets	[12],[13],[14],[15]	0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Talon MidCo 2 Limited (dba Tufin), First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest	[12],[14],[15],[20],[21]	7.00%		7.00%		7.00%
Par / Units	[12],[14],[15],[20],[21]	$ 0
Amortized Cost	[12],[14],[15],[20],[21]	(2)
Fair Value	[12],[14],[15],[20],[21]	$ 0
Percentage of Net Assets	[12],[14],[15],[20],[21]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Talon MidCo 2 Limited, First lien senior secured delayed draw term loan
Schedule of Investments [Line Items]
Interest	[17],[18],[19],[23],[40]							7.69%		7.69%		7.69%
Par / Units	[17],[18],[19],[23],[40]							$ 0
Amortized Cost	[17],[18],[19],[23],[40]							0
Fair Value	[17],[18],[19],[23],[40]							$ 0
Percentage of Net Assets	[17],[18],[19],[23],[40]							0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Talon MidCo 2 Limited, First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[16],[17],[18],[19]							7.69%		7.69%		7.69%
Par / Units	[16],[17],[18],[19]							$ 2,650
Amortized Cost	[16],[17],[18],[19]							2,607
Fair Value	[16],[17],[18],[19]							$ 2,617
Percentage of Net Assets	[16],[17],[18],[19]							0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Talon MidCo 2 Limited, First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest	[17],[18],[19],[23],[36]							7.69%		7.69%		7.69%
Par / Units	[17],[18],[19],[23],[36]							$ 0
Amortized Cost	[17],[18],[19],[23],[36]							(2)
Fair Value	[17],[18],[19],[23],[36]							$ (1)
Percentage of Net Assets	[17],[18],[19],[23],[36]							0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Tamarack Intermediate, L.L.C. (dba Verisk 3E), First lien senior secured delayed draw term loan
Schedule of Investments [Line Items]
Interest	[16],[17],[18],[23],[40]							5.75%		5.75%		5.75%
Par / Units	[16],[17],[18],[23],[40]							$ 377
Amortized Cost	[16],[17],[18],[23],[40]							359
Fair Value	[16],[17],[18],[23],[40]							$ 373
Percentage of Net Assets	[16],[17],[18],[23],[40]							0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Tamarack Intermediate, L.L.C. (dba Verisk 3E), First lien senior secured loan
Schedule of Investments [Line Items]
Interest		5.75%	[12],[14],[31]	5.75%	[12],[14],[31]	5.75%	[12],[14],[31]	5.75%	[16],[17],[18]	5.75%	[16],[17],[18]	5.75%	[16],[17],[18]
Par / Units		$ 12,148	[12],[14],[31]					$ 10,366	[16],[17],[18]
Amortized Cost		11,983	[12],[14],[31]					10,207	[16],[17],[18]
Fair Value		$ 12,056	[12],[14],[31]					$ 10,237	[16],[17],[18]
Percentage of Net Assets		0.30%	[12],[14],[31]	0.30%	[12],[14],[31]	0.30%	[12],[14],[31]	0.30%	[16],[17],[18]	0.30%	[16],[17],[18]	0.30%	[16],[17],[18]
Investment, Identifier [Axis]: Tamarack Intermediate, L.L.C. (dba Verisk 3E), First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		5.75%	[12],[14],[20],[21]	5.75%	[12],[14],[20],[21]	5.75%	[12],[14],[20],[21]	5.75%	[17],[18],[23],[36]	5.75%	[17],[18],[23],[36]	5.75%	[17],[18],[23],[36]
Par / Units		$ 0	[12],[14],[20],[21]					$ 0	[17],[18],[23],[36]
Amortized Cost		(19)	[12],[14],[20],[21]					(24)	[17],[18],[23],[36]
Fair Value		$ (13)	[12],[14],[20],[21]					$ (21)	[17],[18],[23],[36]
Percentage of Net Assets		0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]
Investment, Identifier [Axis]: Thunder Purchaser, Inc. (dba Vector Solutions), First lien senior secured loan
Schedule of Investments [Line Items]
Interest		5.50%	[12],[14],[31]	5.50%	[12],[14],[31]	5.50%	[12],[14],[31]	5.75%	[16],[17],[18]	5.75%	[16],[17],[18]	5.75%	[16],[17],[18]
Par / Units		$ 139,757	[12],[14],[31]					$ 140,839	[16],[17],[18]
Amortized Cost		138,909	[12],[14],[31]					139,842	[16],[17],[18]
Fair Value		$ 139,757	[12],[14],[31]					$ 140,134	[16],[17],[18]
Percentage of Net Assets		3.90%	[12],[14],[31]	3.90%	[12],[14],[31]	3.90%	[12],[14],[31]	4.00%	[16],[17],[18]	4.00%	[16],[17],[18]	4.00%	[16],[17],[18]
Investment, Identifier [Axis]: Thunder Purchaser, Inc. (dba Vector Solutions), First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		5.50%	[12],[14],[20],[31]	5.50%	[12],[14],[20],[31]	5.50%	[12],[14],[20],[31]	5.75%	[16],[17],[18],[23]	5.75%	[16],[17],[18],[23]	5.75%	[16],[17],[18],[23]
Par / Units		$ 9,112	[12],[14],[20],[31]					$ 6,637	[16],[17],[18],[23]
Amortized Cost		9,051	[12],[14],[20],[31]					6,559	[16],[17],[18],[23]
Fair Value		$ 9,112	[12],[14],[20],[31]					$ 6,581	[16],[17],[18],[23]
Percentage of Net Assets		0.30%	[12],[14],[20],[31]	0.30%	[12],[14],[20],[31]	0.30%	[12],[14],[20],[31]	0.20%	[16],[17],[18],[23]	0.20%	[16],[17],[18],[23]	0.20%	[16],[17],[18],[23]
Investment, Identifier [Axis]: Thunder Topco L.P. (dba Vector Solutions), Common Units
Schedule of Investments [Line Items]
Units (in shares) | shares		7,857,410	[14],[24],[25]	7,857,410	[14],[24],[25]	7,857,410	[14],[24],[25]	7,857,410	[18],[26],[27]	7,857,410	[18],[26],[27]	7,857,410	[18],[26],[27]
Amortized Cost		$ 7,857	[14],[24],[25]					$ 7,857	[18],[26],[27]
Fair Value		$ 8,819	[14],[24],[25]					$ 8,720	[18],[26],[27]
Percentage of Net Assets		0.20%	[14],[24],[25]	0.20%	[14],[24],[25]	0.20%	[14],[24],[25]	0.30%	[18],[26],[27]	0.30%	[18],[26],[27]	0.30%	[18],[26],[27]
Investment, Identifier [Axis]: Toast, Inc., Common stock
Schedule of Investments [Line Items]
Units (in shares) | shares	[26],[43]							322,578		322,578		322,578
Amortized Cost	[26],[43]							$ 6,398
Fair Value	[26],[43]							$ 5,890
Percentage of Net Assets	[26],[43]							0.20%		0.20%		0.20%
Investment, Identifier [Axis]: Toast, Inc., Warrants
Schedule of Investments [Line Items]
Units (in shares) | shares	[26],[27]							5,762,612		5,762,612		5,762,612
Amortized Cost	[26],[27]							$ 36,254
Fair Value	[26],[27]							$ 46,428
Percentage of Net Assets	[26],[27]							1.30%		1.30%		1.30%
Investment, Identifier [Axis]: Transact Holdings Inc., First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[17],[18],[22],[34]							4.25%		4.25%		4.25%
Par / Units	[17],[18],[22],[34]							$ 8,521
Amortized Cost	[17],[18],[22],[34]							8,472
Fair Value	[17],[18],[22],[34]							$ 8,521
Percentage of Net Assets	[17],[18],[22],[34]							0.20%		0.20%		0.20%
Investment, Identifier [Axis]: TravelPerk, Inc., Warrants
Schedule of Investments [Line Items]
Units (in shares) | shares	[14],[24],[25]	71,940		71,940		71,940
Amortized Cost	[14],[24],[25]	$ 1,411
Fair Value	[14],[24],[25]	$ 1,411
Percentage of Net Assets	[14],[24],[25]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: VEPF Torreys Aggregator, LLC (dba MINDBODY, Inc.), Series A Preferred Stock
Schedule of Investments [Line Items]
Interest, PIK		9.00%	[14],[25],[28]	9.00%	[14],[25],[28]	9.00%	[14],[25],[28]	6.00%	[18],[27],[29]	6.00%	[18],[27],[29]	6.00%	[18],[27],[29]
Units (in shares) | shares		25,000	[14],[25],[28]	25,000	[14],[25],[28]	25,000	[14],[25],[28]	25,000	[18],[27],[29]	25,000	[18],[27],[29]	25,000	[18],[27],[29]
Amortized Cost		$ 29,446	[14],[25],[28]					$ 28,302	[18],[27],[29]
Fair Value		$ 30,109	[14],[25],[28]					$ 28,019	[18],[27],[29]
Percentage of Net Assets		0.80%	[14],[25],[28]	0.80%	[14],[25],[28]	0.80%	[14],[25],[28]	0.80%	[18],[27],[29]	0.80%	[18],[27],[29]	0.80%	[18],[27],[29]
Investment, Identifier [Axis]: Velocity HoldCo III Inc. (dba VelocityEHS), First lien senior secured loan
Schedule of Investments [Line Items]
Interest		5.75%	[12],[14],[31]	5.75%	[12],[14],[31]	5.75%	[12],[14],[31]	5.75%	[16],[17],[18]	5.75%	[16],[17],[18]	5.75%	[16],[17],[18]
Par / Units		$ 40,312	[12],[14],[31]					$ 40,625	[16],[17],[18]
Amortized Cost		39,866	[12],[14],[31]					40,064	[16],[17],[18]
Fair Value		$ 40,312	[12],[14],[31]					$ 40,625	[16],[17],[18]
Percentage of Net Assets		1.10%	[12],[14],[31]	1.10%	[12],[14],[31]	1.10%	[12],[14],[31]	1.20%	[16],[17],[18]	1.20%	[16],[17],[18]	1.20%	[16],[17],[18]
Investment, Identifier [Axis]: Velocity HoldCo III Inc. (dba VelocityEHS), First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		5.50%	[12],[14],[20],[21]	5.50%	[12],[14],[20],[21]	5.50%	[12],[14],[20],[21]	5.75%	[16],[17],[18],[23]	5.75%	[16],[17],[18],[23]	5.75%	[16],[17],[18],[23]
Par / Units		$ 0	[12],[14],[20],[21]					$ 313	[16],[17],[18],[23]
Amortized Cost		(17)	[12],[14],[20],[21]					287	[16],[17],[18],[23]
Fair Value		$ 0	[12],[14],[20],[21]					$ 313	[16],[17],[18],[23]
Percentage of Net Assets		0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[16],[17],[18],[23]	0.00%	[16],[17],[18],[23]	0.00%	[16],[17],[18],[23]
Investment, Identifier [Axis]: Vestwell Holdings, Inc., Series D Preferred Stock
Schedule of Investments [Line Items]
Units (in shares) | shares		152,175	[14],[24],[25]	152,175	[14],[24],[25]	152,175	[14],[24],[25]	152,175	[18],[26],[27]	152,175	[18],[26],[27]	152,175	[18],[26],[27]
Amortized Cost		$ 3,020	[14],[24],[25]					$ 3,000	[18],[26],[27]
Fair Value		$ 3,000	[14],[24],[25]					$ 3,000	[18],[26],[27]
Percentage of Net Assets		0.10%	[14],[24],[25]	0.10%	[14],[24],[25]	0.10%	[14],[24],[25]	0.10%	[18],[26],[27]	0.10%	[18],[26],[27]	0.10%	[18],[26],[27]
Investment, Identifier [Axis]: WMC Bidco, Inc. (dba West Monroe), Senior Preferred Stock
Schedule of Investments [Line Items]
Interest, PIK		11.25%	[14],[25],[28]	11.25%	[14],[25],[28]	11.25%	[14],[25],[28]	11.25%	[18],[27],[29]	11.25%	[18],[27],[29]	11.25%	[18],[27],[29]
Units (in shares) | shares		57,231	[14],[25],[28]	57,231	[14],[25],[28]	57,231	[14],[25],[28]	57,231	[18],[27],[29]	57,231	[18],[27],[29]	57,231	[18],[27],[29]
Amortized Cost		$ 78,213	[14],[25],[28]					$ 71,658	[18],[27],[29]
Fair Value		$ 75,472	[14],[25],[28]					$ 68,634	[18],[27],[29]
Percentage of Net Assets		2.10%	[14],[25],[28]	2.10%	[14],[25],[28]	2.10%	[14],[25],[28]	1.90%	[18],[27],[29]	1.90%	[18],[27],[29]	1.90%	[18],[27],[29]
Investment, Identifier [Axis]: Walker Edison Furniture Company LLC
Schedule of Investments [Line Items]
Fair Value		$ 8,602						$ 14,992						$ 0
Investment, Identifier [Axis]: Walker Edison Furniture Company LLC, First lien senior secured delayed draw term loan
Schedule of Investments [Line Items]
Interest	[17],[18],[23],[40],[47],[52]							6.75%		6.75%		6.75%
Interest, PIK		6.75%	[12],[14],[20],[31],[45],[53]	6.75%	[12],[14],[20],[31],[45],[53]	6.75%	[12],[14],[20],[31],[45],[53]	6.75%	[17],[18],[23],[40],[47],[52]	6.75%	[17],[18],[23],[40],[47],[52]	6.75%	[17],[18],[23],[40],[47],[52]
Par / Units		$ 2,677	[12],[14],[20],[31],[45],[53]					$ 0	[17],[18],[23],[40],[47],[52]
Amortized Cost		2,584	[12],[14],[20],[31],[45],[53]					0	[17],[18],[23],[40],[47],[52]
Fair Value		$ 893	[12],[14],[20],[31],[45],[53]					$ (225)	[17],[18],[23],[40],[47],[52]
Percentage of Net Assets		0.00%	[12],[14],[20],[31],[45],[53]	0.00%	[12],[14],[20],[31],[45],[53]	0.00%	[12],[14],[20],[31],[45],[53]	0.00%	[17],[18],[23],[40],[47],[52]	0.00%	[17],[18],[23],[40],[47],[52]	0.00%	[17],[18],[23],[40],[47],[52]
Investment, Identifier [Axis]: Walker Edison Furniture Company LLC, First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[17],[18],[22],[47],[52]							6.75%		6.75%		6.75%
Interest, PIK		6.75%	[12],[14],[31],[45],[53]	6.75%	[12],[14],[31],[45],[53]	6.75%	[12],[14],[31],[45],[53]	6.75%	[17],[18],[22],[47],[52]	6.75%	[17],[18],[22],[47],[52]	6.75%	[17],[18],[22],[47],[52]
Par / Units		$ 11,996	[12],[14],[31],[45],[53]					$ 10,862	[17],[18],[22],[47],[52]
Amortized Cost		9,398	[12],[14],[31],[45],[53]					9,391	[17],[18],[22],[47],[52]
Fair Value		$ 4,619	[12],[14],[31],[45],[53]					$ 9,992	[17],[18],[22],[47],[52]
Percentage of Net Assets		0.10%	[12],[14],[31],[45],[53]	0.10%	[12],[14],[31],[45],[53]	0.10%	[12],[14],[31],[45],[53]	0.30%	[17],[18],[22],[47],[52]	0.30%	[17],[18],[22],[47],[52]	0.30%	[17],[18],[22],[47],[52]
Investment, Identifier [Axis]: Walker Edison Furniture Company LLC, First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest	[17],[18],[22],[47],[52]							6.25%		6.25%		6.25%
Interest, PIK	[12],[14],[31],[45],[53]	6.75%		6.75%		6.75%
Par / Units		$ 4,495	[12],[14],[31],[45],[53]					$ 4,495	[17],[18],[22],[47],[52]
Amortized Cost		4,495	[12],[14],[31],[45],[53]					4,495	[17],[18],[22],[47],[52]
Fair Value		$ 3,090	[12],[14],[31],[45],[53]					$ 4,202	[17],[18],[22],[47],[52]
Percentage of Net Assets		0.10%	[12],[14],[31],[45],[53]	0.10%	[12],[14],[31],[45],[53]	0.10%	[12],[14],[31],[45],[53]	0.10%	[17],[18],[22],[47],[52]	0.10%	[17],[18],[22],[47],[52]	0.10%	[17],[18],[22],[47],[52]
Investment, Identifier [Axis]: Walker Edison Holdco LLC, Common Units
Schedule of Investments [Line Items]
Units (in shares) | shares		98,319	[14],[24],[25],[45]	98,319	[14],[24],[25],[45]	98,319	[14],[24],[25],[45]	98,319	[18],[26],[27],[47]	98,319	[18],[26],[27],[47]	98,319	[18],[26],[27],[47]
Amortized Cost		$ 9,500	[14],[24],[25],[45]					$ 9,500	[18],[26],[27],[47]
Fair Value		$ 0	[14],[24],[25],[45]					$ 1,023	[18],[26],[27],[47]
Percentage of Net Assets		0.00%	[14],[24],[25],[45]	0.00%	[14],[24],[25],[45]	0.00%	[14],[24],[25],[45]	0.00%	[18],[26],[27],[47]	0.00%	[18],[26],[27],[47]	0.00%	[18],[26],[27],[47]
Investment, Identifier [Axis]: When I Work, Inc., First lien senior secured loan
Schedule of Investments [Line Items]
Interest, PIK		7.00%	[12],[14],[31]	7.00%	[12],[14],[31]	7.00%	[12],[14],[31]	7.00%	[16],[17],[18]	7.00%	[16],[17],[18]	7.00%	[16],[17],[18]
Par / Units		$ 35,667	[12],[14],[31]					$ 33,813	[16],[17],[18]
Amortized Cost		35,493	[12],[14],[31]					33,604	[16],[17],[18]
Fair Value		$ 34,597	[12],[14],[31]					$ 33,221	[16],[17],[18]
Percentage of Net Assets		1.00%	[12],[14],[31]	1.00%	[12],[14],[31]	1.00%	[12],[14],[31]	0.90%	[16],[17],[18]	0.90%	[16],[17],[18]	0.90%	[16],[17],[18]
Investment, Identifier [Axis]: When I Work, Inc., First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		6.00%	[12],[14],[20],[21]	6.00%	[12],[14],[20],[21]	6.00%	[12],[14],[20],[21]	6.00%	[17],[18],[23],[36]	6.00%	[17],[18],[23],[36]	6.00%	[17],[18],[23],[36]
Par / Units		$ 0	[12],[14],[20],[21]					$ 0	[17],[18],[23],[36]
Amortized Cost		(29)	[12],[14],[20],[21]					(36)	[17],[18],[23],[36]
Fair Value		$ (168)	[12],[14],[20],[21]					$ (98)	[17],[18],[23],[36]
Percentage of Net Assets		0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]
Investment, Identifier [Axis]: Wp Irving Co-Invest, L.P., Partnership Units
Schedule of Investments [Line Items]
Units (in shares) | shares		1,250,000	[14],[15],[24],[25]	1,250,000	[14],[15],[24],[25]	1,250,000	[14],[15],[24],[25]	1,250,000	[18],[19],[26],[27]	1,250,000	[18],[19],[26],[27]	1,250,000	[18],[19],[26],[27]
Amortized Cost		$ 976	[14],[15],[24],[25]					$ 1,267	[18],[19],[26],[27]
Fair Value		$ 1,276	[14],[15],[24],[25]					$ 1,258	[18],[19],[26],[27]
Percentage of Net Assets		0.00%	[14],[15],[24],[25]	0.00%	[14],[15],[24],[25]	0.00%	[14],[15],[24],[25]	0.00%	[18],[19],[26],[27]	0.00%	[18],[19],[26],[27]	0.00%	[18],[19],[26],[27]
Investment, Identifier [Axis]: XOMA Corporation, Warrants
Schedule of Investments [Line Items]
Units (in shares) | shares		12,000	[14],[24],[25]	12,000	[14],[24],[25]	12,000	[14],[24],[25]	12,000	[18],[26],[27]	12,000	[18],[26],[27]	12,000	[18],[26],[27]
Amortized Cost		$ 82	[14],[24],[25]					$ 82	[18],[26],[27]
Fair Value		$ 148	[14],[24],[25]					$ 82	[18],[26],[27]
Percentage of Net Assets		0.00%	[14],[24],[25]	0.00%	[14],[24],[25]	0.00%	[14],[24],[25]	0.00%	[18],[26],[27]	0.00%	[18],[26],[27]	0.00%	[18],[26],[27]
Investment, Identifier [Axis]: XPLOR T1, LLC, First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[12],[14],[31]	4.25%		4.25%		4.25%
Par / Units	[12],[14],[31]	$ 5,000
Amortized Cost	[12],[14],[31]	4,976
Fair Value	[12],[14],[31]	$ 5,025
Percentage of Net Assets	[12],[14],[31]	0.10%		0.10%		0.10%
Investment, Identifier [Axis]: XRL 1 LLC (dba XOMA), First lien senior secured delayed draw term loan
Schedule of Investments [Line Items]
Interest	[14],[20],[21],[28],[30]	9.88%		9.88%		9.88%
Par / Units	[14],[20],[21],[28],[30]	$ 0
Amortized Cost	[14],[20],[21],[28],[30]	(14)
Fair Value	[14],[20],[21],[28],[30]	$ (15)
Percentage of Net Assets	[14],[20],[21],[28],[30]	0.00%		0.00%		0.00%
Investment, Identifier [Axis]: XRL 1 LLC (dba XOMA), First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[14],[28]	9.88%		9.88%		9.88%
Par / Units	[14],[28]	$ 12,310
Amortized Cost	[14],[28]	12,092
Fair Value	[14],[28]	$ 12,125
Percentage of Net Assets	[14],[28]	0.30%		0.30%		0.30%
Investment, Identifier [Axis]: XRL 1 LLC (f/k/a XOMA), First lien senior secured delayed draw term loan
Schedule of Investments [Line Items]
Interest	[18],[23],[29],[36],[40]							9.88%		9.88%		9.88%
Par / Units	[18],[23],[29],[36],[40]							$ 0
Amortized Cost	[18],[23],[29],[36],[40]							(15)
Fair Value	[18],[23],[29],[36],[40]							$ (23)
Percentage of Net Assets	[18],[23],[29],[36],[40]							0.00%		0.00%		0.00%
Investment, Identifier [Axis]: XRL 1 LLC (f/k/a XOMA), First lien senior secured loan
Schedule of Investments [Line Items]
Interest	[18],[29]							9.88%		9.88%		9.88%
Par / Units	[18],[29]							$ 13,000
Amortized Cost	[18],[29]							12,725
Fair Value	[18],[29]							$ 12,708
Percentage of Net Assets	[18],[29]							0.40%		0.40%		0.40%
Investment, Identifier [Axis]: Zendesk, Inc., First lien senior secured delayed draw term loan
Schedule of Investments [Line Items]
Interest		5.00%	[12],[14],[20],[21],[30]	5.00%	[12],[14],[20],[21],[30]	5.00%	[12],[14],[20],[21],[30]	6.25%	[17],[18],[23],[36],[40]	6.25%	[17],[18],[23],[36],[40]	6.25%	[17],[18],[23],[36],[40]
Par / Units		$ 0	[12],[14],[20],[21],[30]					$ 0	[17],[18],[23],[36],[40]
Amortized Cost		(332)	[12],[14],[20],[21],[30]					(392)	[17],[18],[23],[36],[40]
Fair Value		$ 0	[12],[14],[20],[21],[30]					$ (32)	[17],[18],[23],[36],[40]
Percentage of Net Assets		0.00%	[12],[14],[20],[21],[30]	0.00%	[12],[14],[20],[21],[30]	0.00%	[12],[14],[20],[21],[30]	0.00%	[17],[18],[23],[36],[40]	0.00%	[17],[18],[23],[36],[40]	0.00%	[17],[18],[23],[36],[40]
Investment, Identifier [Axis]: Zendesk, Inc., First lien senior secured loan
Schedule of Investments [Line Items]
Interest		5.00%	[12],[14],[31]	5.00%	[12],[14],[31]	5.00%	[12],[14],[31]	6.25%	[16],[17],[18]	6.25%	[16],[17],[18]	6.25%	[16],[17],[18]
Interest, PIK	[16],[17],[18]							3.25%		3.25%		3.25%
Par / Units		$ 53,033	[12],[14],[31]					$ 53,033	[16],[17],[18]
Amortized Cost		52,260	[12],[14],[31]					52,152	[16],[17],[18]
Fair Value		$ 53,033	[12],[14],[31]					$ 52,370	[16],[17],[18]
Percentage of Net Assets		1.50%	[12],[14],[31]	1.50%	[12],[14],[31]	1.50%	[12],[14],[31]	1.50%	[16],[17],[18]	1.50%	[16],[17],[18]	1.50%	[16],[17],[18]
Investment, Identifier [Axis]: Zendesk, Inc., First lien senior secured revolving loan
Schedule of Investments [Line Items]
Interest		5.00%	[12],[14],[20],[21]	5.00%	[12],[14],[20],[21]	5.00%	[12],[14],[20],[21]	6.25%	[17],[18],[23],[36]	6.25%	[17],[18],[23],[36]	6.25%	[17],[18],[23],[36]
Par / Units		$ 0	[12],[14],[20],[21]					$ 0	[17],[18],[23],[36]
Amortized Cost		(73)	[12],[14],[20],[21]					(87)	[17],[18],[23],[36]
Fair Value		$ 0	[12],[14],[20],[21]					$ (67)	[17],[18],[23],[36]
Percentage of Net Assets		0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[12],[14],[20],[21]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]	0.00%	[17],[18],[23],[36]
Investment, Identifier [Axis]: Zoro TopCo, Inc., Series A Preferred Equity
Schedule of Investments [Line Items]
Interest, PIK		12.50%	[14],[25],[28]	12.50%	[14],[25],[28]	12.50%	[14],[25],[28]	12.50%	[18],[27],[29]	12.50%	[18],[27],[29]	12.50%	[18],[27],[29]
Units (in shares) | shares		7,114	[14],[25],[28]	7,114	[14],[25],[28]	7,114	[14],[25],[28]	7,114	[18],[27],[29]	7,114	[18],[27],[29]	7,114	[18],[27],[29]
Amortized Cost		$ 8,717	[14],[25],[28]					$ 7,675	[18],[27],[29]
Fair Value		$ 8,940	[14],[25],[28]					$ 7,791	[18],[27],[29]
Percentage of Net Assets		0.30%	[14],[25],[28]	0.30%	[14],[25],[28]	0.30%	[14],[25],[28]	0.20%	[18],[27],[29]	0.20%	[18],[27],[29]	0.20%	[18],[27],[29]
Investment, Identifier [Axis]: Zoro TopCo, L.P., Class A Common Units
Schedule of Investments [Line Items]
Units (in shares) | shares		592,872	[14],[24],[25]	592,872	[14],[24],[25]	592,872	[14],[24],[25]	592,872	[18],[26],[27]	592,872	[18],[26],[27]	592,872	[18],[26],[27]
Amortized Cost		$ 5,929	[14],[24],[25]					$ 5,929	[18],[26],[27]
Fair Value		$ 6,455	[14],[24],[25]					$ 6,455	[18],[26],[27]
Percentage of Net Assets		0.20%	[14],[24],[25]	0.20%	[14],[24],[25]	0.20%	[14],[24],[25]	0.20%	[18],[26],[27]	0.20%	[18],[26],[27]	0.20%	[18],[26],[27]

[1] As of September 30, 2024, the net estimated unrealized loss on investments for U.S. federal income tax purposes was $29.3 million based on a tax cost basis of $6.43 billion. As of September 30, 2024, the estimated aggregate gross unrealized loss for U.S. federal income tax purposes was $190.0 million and the estimated aggregate gross unrealized gain for U.S. federal income tax purposes was $160.7 million.

[2] Certain portfolio company investments are subject to contractual restrictions on sales. Refer to footnote 19 for additional information on our restricted securities.

[3] The amortized cost represents the original cost adjusted for the amortization or accretion of premium or discount, as applicable, on debt investments using the effective interest method.

[4] Unless otherwise indicated, all investments are non-controlled, non-affiliated investments. Non-controlled, non-affiliated investments are defined as investments in which the Company owns less than 5% of the portfolio company’s outstanding voting securities and does not have the power to exercise control over the management or policies of such portfolio company.

[5] Unless otherwise indicated, the Company’s portfolio companies are pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility, SPV Asset Facility I, SPV Asset Facility II and CLO 2020-1. See Note 5 “Debt”.

[6] As of December 31, 2023, the net estimated unrealized loss on investments for U.S. federal income tax purposes was $25.4 million based on a tax cost basis of $6.2 billion. As of December 31, 2023, the estimated aggregate gross unrealized loss for U.S. federal income tax purposes was $160.4 million and the estimated aggregate gross unrealized gain for U.S. federal income tax purposes was $135.0 million.

[7] Certain portfolio company investments are subject to contractual restrictions on sales. Refer to footnote 19 for additional information on our restricted securities.

[8] The amortized cost represents the original cost adjusted for the amortization or accretion of premium or discount, as applicable, on debt investments using the effective interest method.

[9] Unless otherwise indicated, all investments are considered Level 3 investments.

[10] Unless otherwise indicated, all investments are non-controlled, non-affiliated investments. Non-controlled, non-affiliated investments are defined as investments in which the Company owns less than 5% of the portfolio company’s outstanding voting securities and does not have the power to exercise control over the management or policies of such portfolio company.

[11] Unless otherwise indicated, the Company’s portfolio companies are pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility, SPV Asset Facility I, SPV Asset Facility II and CLO 2020-1. See Note 5 “Debt”.

[12] Unless otherwise indicated, loan contains a variable rate structure and may be subject to an interest rate floor. Variable rate loans bear interest at a rate that may be determined by reference to either the Secured Overnight Financing Rate (“SOFR” or “S”, which can include one-, three- or six-month SOFR), Euro Interbank Offered Rate (“EURIBOR” or “E”, which can include three- or six-month EURIBOR), or Sterling Overnight Interbank Average Rate (“SONIA” or “SA”), at the borrower’s option, and which reset periodically based on the terms of the loan agreement.

[13] The interest rate on these loans is subject to 1 month SOFR, which as of September 30, 2024 was 4.85%.

[14] Represents co-investment made with the Company’s affiliates in accordance with the terms of an order for exemptive relief that an affiliate of the Company’s investment adviser received from the U.S. Securities and Exchange Commission. See Note 3 “Agreements and Related Party Transactions”.

[15] This portfolio company is not a qualifying asset under Section 55(a) of the 1940 Act. Under the 1940 Act, the Company may not acquire any non-qualifying asset unless, at the time such acquisition is made, qualifying assets represent at least 70% of total assets. As of September 30, 2024, non-qualifying assets represented 15.7% of total assets as calculated in accordance with the regulatory requirements.

[16] The interest rate on these loans is subject to 3 month SOFR, which as of December 31, 2023 was 5.33%.

[17] Unless otherwise indicated, loan contains a variable rate structure and may be subject to an interest rate floor. Variable rate loans bear interest at a rate that may be determined by reference to either the Secured Overnight Financing Rate (“SOFR” or “SR”, which can include one-, three- or six-month SOFR), Euro Interbank Offered Rate (“EURIBOR” or “E”, which can include three- or six-month EURIBOR), or Sterling Overnight Interbank Average Rate (“SONIA” or “SA”) at the borrower’s option, and which reset periodically based on the terms of the loan agreement.

[18] Represents co-investment made with the Company’s affiliates in accordance with the terms of an order for exemptive relief that an affiliate of the Company's investment adviser received from the U.S. Securities and Exchange Commission. See Note 3 “Agreements and Related Party Transactions”.

[19] This portfolio company is not a qualifying asset under Section 55(a) of the 1940 Act. Under the 1940 Act, the Company may not acquire any non-qualifying asset unless, at the time such acquisition is made, qualifying assets represent at least 70% of total assets. As of December 31, 2023, non-qualifying assets represented 16.5% of total assets as calculated in accordance with the regulatory requirements.

[20] Position or portion thereof is an unfunded loan commitment. See Note 7 “Commitments and Contingencies”.

[21] The negative cost is the result of the capitalized discount being greater than the principal amount outstanding on the loan. The negative fair value is the result of the capitalized discount on the loan.

[22] The interest rate on these loans is subject to 1 month SOFR, which as of December 31, 2023 was 5.35%.

[23] Position or portion thereof is an unfunded loan commitment. See Note 7 “Commitments and Contingencies”.

[24] Non-income producing investment.

[25] Security acquired in transaction exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), and may be deemed to be “restricted securities” under the Securities Act. As of September 30, 2024, the aggregate fair value of these securities is $1.27 billion or 36.3% of the Company’s net assets. The acquisition dates of the restricted securities are as follows: Portfolio CompanyInvestmentAcquisition Date6Sense Insights, Inc.Series E-1 Preferred StockJanuary 20, 2022AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLCLLC InterestJuly 1, 2022AAM Series 2.1 Aviation Feeder, LLCLLC interestJuly 1, 2022Algolia, Inc.Series C Preferred StockAugust 30, 2019Algolia, Inc.Series D Preferred StockJuly 19, 2021Project Alpine Co-Invest Fund, LPLP InterestJune 13, 2022AlphaSense, LLCSeries E Preferred SharesJune 27, 2024Alpha Partners Technology Merger CorpWarrantsJuly 28, 2021Amergin Asset Management, LLCClass A UnitsJuly 1, 2022Arctic Wolf Networks, Inc.Preferred StockJuly 7, 2021BCTO WIW Holdings, Inc. (dba When I Work)Class A Common StockNovember 2, 2021BEHP Co-Investor II, L.P.LP InterestMay 11, 2022Blend Labs, Inc.WarrantsJuly 2, 2021Blue Owl Credit SLF LLCLLC InterestAugust 1, 2024Bolt Technology OÜPreferred StockDecember 10, 2021Brooklyn Lender Co-Invest 2, L.P. (dba Boomi)Common UnitsOctober 1, 2021Brex, Inc.Preferred StockNovember 30, 2021Circle Internet Services, Inc.Series D Preferred StockMay 20, 2019Circle Internet Services, Inc.Series E Preferred StockFebruary 28, 2020Circle Internet Services, Inc.Series F Preferred StockMay 4, 2021Circle Internet Services, Inc.Subordinated Convertible SecurityApril 12, 2024Circle Internet Services, Inc.WarrantsMay 20, 2019CloudPay, Inc.Series E Preferred StockJuly 31, 2024Diligent Preferred Issuer, Inc. (dba Diligent Corporation)Preferred StockApril 6, 2021Dodge Construction Network Holdings, L.P.Class A-2 Common UnitsFebruary 23, 2022Dodge Construction Network Holdings, L.P.Series A Preferred UnitsFebruary 23, 2022Elliott Alto Co-Investor Aggregator L.P.LP InterestSeptember 27, 2022EShares, Inc. (dba Carta)Series E Preferred StockAugust 1, 2019Excalibur CombineCo, L.P.Class A UnitsJuly 2, 2024Fifth Season Investments LLCClass A UnitsJuly 18, 2022Halo Parent Newco, LLCClass H PIK Preferred EquityOctober 15, 2021Harness, Inc.Series D Preferred StockMay 24, 2024Help HP SCF Investor, LPLP InterestApril 28, 2021Project Hotel California Co-Invest Fund, L.P.LP InterestAugust 9, 2022Illumio, Inc.Common stockJune 23, 2021Illumio, Inc.Series F Preferred StockAugust 27, 2021Insight CP (Blocker) Holdings, L.P. (dba CivicPlus, LLC)LP InterestJune 8, 2022JumpCloud, Inc.Series B Preferred StockDecember 30, 2021JumpCloud, Inc.Series F Preferred StockSeptember 3, 2021Kajabi Holdings, LLCSenior Preferred Class D UnitsMarch 24, 2021Klaviyo, Inc.Series B Common StockMay 4, 2021KWOL Acquisition Inc. (dba Worldwide Clinical Trials)Class A InterestDecember 12, 2023Knockout Intermediate Holdings I Inc. (dba Kaseya Inc.)Perpetual Preferred StockJune 22, 2022Linked Store Cayman Ltd. (dba Nuvemshop)Series E Preferred StockAugust 9, 2021 Portfolio CompanyInvestmentAcquisition DateLSI Financing 1 DACSeries 1 NotesDecember 14, 2022MessageBird Holding B.V.Extended Series C WarrantsMay 5, 2021Minerva Holdco, Inc.Senior A Preferred StockFebruary 15, 2022Nylas, Inc.Series C Preferred StockJune 3, 2021Pluralsight, LLCCommon stockAugust 22, 2024Replicated, Inc.Series C Preferred StockJune 30, 2021Revolut Ribbit Holdings, LLCOrdinary SharesSeptember 30, 2021Romulus Intermediate Holdings 1 Inc. (dba PetVet Care Centers)Series A Preferred StockNovember 15, 2023Saturn Ultimate, Inc.Common stockDecember 29, 2021Securiti, Inc.Series C Preferred SharesJuly 28, 2022Signifyd Inc.Preferred equityApril 8, 2021Simpler Postage, Inc. (dba Easypost)WarrantsJune 11, 2024SLA Eclipse Co-Invest, L.P.LP InterestSeptember 30, 2019Space Exploration Technologies Corp.Class A Common StockMarch 25, 2021Space Exploration Technologies Corp.Class C Common StockMarch 25, 2021Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand, Inc.)Series A Preferred StockOctober 15, 2021Thunder Topco L.P. (dba Vector Solutions)Common UnitsJune 30, 2021TravelPerk, Inc.WarrantsMay 1, 2024VEPF Torreys Aggregator, LLC (dba MINDBODY, Inc.)Series A Preferred StockOctober 15, 2021Vestwell Holdings, Inc.Series D Preferred StockDecember 20, 2023Walker Edison Holdco LLCCommon UnitsMarch 1, 2023WMC Bidco, Inc. (dba West Monroe)Senior Preferred StockNovember 9, 2021WP Irving Co-Invest, L.P.Partnership UnitsMay 18, 2022XOMA CorporationWarrantsDecember 15, 2023Zoro TopCo, Inc.Series A Preferred EquityNovember 22, 2022Zoro TopCo, L.P.Class A Common UnitsNovember 22, 2022

[26] Non-income producing investment.

[27] Security acquired in transaction exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), and may be deemed to be “restricted securities“ under the Securities Act. As of December 31, 2023, the aggregate fair value of these securities is $1.2 billion or 34.6% of the Company’s net assets. The acquisition dates of the restricted securities are as follows: Portfolio CompanyInvestmentAcquisition Date6Sense Insights, Inc.Series E-1 Preferred StockJanuary 20, 2022AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLCLLC InterestJuly 1, 2022AAM Series 2.1 Aviation Feeder, LLCLLC InterestJuly 1, 2022Algolia, Inc.Series C Preferred StockAugust 30, 2019Algolia, Inc.Series D Preferred StockJuly 19, 2021Project Alpine Co-Invest Fund, LPLP InterestJune 13, 2022Alpha Partners Technology Merger CorpCommon Stock WarrantsJuly 28, 2021Amergin Asset Management, LLCClass A UnitsJuly 1, 2022Arctic Wolf Networks, Inc.Preferred StockJuly 7, 2021BCTO WIW Holdings, Inc. (dba When I Work)Class A Common StockNovember 2, 2021BEHP Co-Investor II, L.P.LP InterestMay 11, 2022Blend Labs, Inc.WarrantsJuly 2, 2021Bolt Technology OÜPreferred StockDecember 10, 2021Brooklyn Lender Co-Invest 2, L.P. (dba Boomi)Common UnitsOctober 1, 2021Brex, Inc.Preferred StockNovember 30, 2021Circle Internet Services, Inc.Series D Preferred StockMay 20, 2019Circle Internet Services, Inc.Series E Preferred StockFebruary 28, 2020Circle Internet Services, Inc.Series F Preferred StockMay 4, 2021Circle Internet Services, Inc.WarrantsMay 20, 2019Diligent Preferred Issuer, Inc. (dba Diligent Corporation)Preferred StockApril 6, 2021Dodge Construction Network Holdings, L.P.Class A-2 Common UnitsFebruary 23, 2022Dodge Construction Network Holdings, L.P.Series A Preferred UnitsFebruary 23, 2022Elliott Alto Co-Investor Aggregator L.P.LP InterestSeptember 27, 2022EShares, Inc. (dba Carta)Series E Preferred StockAugust 1, 2019Exabeam, Inc.Series F-1 Preferred StockMay 12, 2023Fifth Season Investments LLCClass A UnitsJuly 18, 2022Halo Parent Newco, LLCClass H PIK Preferred EquityOctober 15, 2021 Portfolio CompanyInvestmentAcquisition DateHelp HP SCF Investor, LPLP InterestApril 28, 2021Project Hotel California Co-Invest Fund, L.P.LP InterestAugust 9, 2022Illumio, Inc.Common stockJune 23, 2021Illumio, Inc.Series F Preferred StockAugust 27, 2021Insight CP (Blocker) Holdings, L.P. (dba CivicPlus, LLC)LP InterestJune 8, 2022JumpCloud, Inc.Series B Preferred StockDecember 30, 2021JumpCloud, Inc.Series F Preferred StockSeptember 3, 2021Kajabi Holdings, LLCSenior Preferred Class D UnitsMarch 24, 2021Klaviyo, Inc.Common stockMay 4, 2021Knockout Intermediate Holdings I Inc. (dba Kaseya Inc.)Perpetual Preferred StockJune 22, 2022KWOL Acquisition Inc.Common stockDecember 12, 2023Linked Store Cayman Ltd. (dba Nuvemshop)Series E Preferred StockAugust 9, 2021LSI Financing 1 DACPreferred EquityDecember 14, 2022MessageBird Holding B.V.Extended Series C WarrantsMay 5, 2021Minerva Holdco, Inc. (dba Athenahealth, Inc.)Series A Preferred StockFebruary 15, 2022Nylas, Inc.Series C Preferred StockJune 3, 2021Picard Holdco, LLCSeries A Preferred StockSeptember 30, 2022Replicated, Inc.Series C Preferred StockJune 30, 2021Revolut Ribbit Holdings, LLCOrdinary SharesSeptember 30, 2021Romulus Intermediate Holdings 1 Inc. (dba PetVet)Series A Preferred StockNovember 15, 2023Saturn Ultimate, Inc.Common stockDecember 29, 2021Securiti, Inc.Series C Preferred StockJuly 28, 2022Signifyd Inc.Series E Preferred SharesApril 8, 2021SLA Eclipse Co-Invest, L.P.LP InterestSeptember 30, 2019Space Exploration Technologies Corp.Class A Common StockMarch 25, 2021Space Exploration Technologies Corp.Class C Common StockMarch 25, 2021Split Software, Inc.Series D Non-Participating Convertible Preferred StockAugust 13, 2021Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand, Inc.)Series A Preferred StockOctober 15, 2021Thunder Topco L.P. (dba Vector Solutions)Common UnitsJune 30, 2021Toast, Inc.WarrantsJune 21, 2021VEPF Torreys Aggregator, LLC (dba MINDBODY, Inc.)Series A Preferred StockOctober 15, 2021Vestwell Holdings, Inc.Series D Preferred StockDecember 20, 2023Walker Edison Holdco LLCCommon UnitsMarch 1, 2023WMC Bidco, Inc. (dba West Monroe)Senior Preferred StockNovember 9, 2021WP Irving Co-Invest, L.P.Partnership UnitsMay 18, 2022XOMA CorporationWarrantsDecember 15, 2023Zoro TopCo, Inc.Series A Preferred EquityNovember 22, 2022Zoro TopCo, L.P.Class A Common UnitsNovember 22, 2022

[28] Contains a fixed-rate structure.

[29] Contains a fixed-rate structure.

[30] The date disclosed represents the commitment period of the unfunded term loan. Upon expiration of the commitment period, the funded portion of the term loan may be subject to a longer maturity date.

[31] The interest rate on these loans is subject to 3 month SOFR, which as of September 30, 2024 was 4.59%.

[32] The interest rate on these loans is subject to 6 month SOFR, which as of December 31, 2023 was 5.16%.

[33] The interest rate on these loans is subject to 6 month SOFR, which as of September 30, 2024 was 4.25%.

[34] Level 2 investment.

[35] Level 1 investment.

[36] The negative cost is the result of the capitalized discount being greater than the principal amount outstanding on the loan. The negative fair value is the result of the capitalized discount on the loan.

[37] The interest rate on these loans is subject to SONIA, which as of September 30, 2024 was 4.95%.

[38] The interest rate on these loans is subject to SONIA, which as of December 31, 2023 was 5.19%.

[39] Level 2 investment.

[40] The date disclosed represents the commitment period of the unfunded term loan. Upon expiration of the commitment period, the funded portion of the term loan may be subject to a longer maturity date.

[41] The interest rate on these loans is subject to 3 month EURIBOR, which as of September 30, 2024 was 3.28%.

[42] The interest rate on these loans is subject to 3 month EURIBOR, which as of December 31, 2023 was 3.91%.

[43] Level 1 investment.

[44] This portfolio company is not pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility, SPV Asset Facility I, SPV Asset Facility II and CLO 2020-1. See Note 5 “Debt”.

[45] Under the Investment Company Act of 1940, as amended (the “1940 Act”), the Company is deemed to be an “Affiliated Person” of, as defined in the 1940 Act, this portfolio company, as the Company owns more than 5% of the portfolio company’s outstanding voting securities. Transactions during the period ended September 30, 2024 in which the Company was an Affiliated Person of the portfolio company are as follows: CompanyFair Value at December 31, 2023Gross Additions(a)Gross Reductions(b)Net Change in Unrealized Gain/(Loss)Realized Gain/(Loss)TransfersFair Value at September 30, 2024Other IncomeInterest IncomeFifth Season Investments LLC$43,904 $30,421 $— $4,894 $— $— $79,219 $4,416 $— Help HP SCF Investor, LP67,221 — — (3,792)— — 63,429 — — LSI Financing 1 DAC12,992 4,953 (2,050)475 — — 16,370 48 — Pluralsight, LLC— 87,564 — — — — 87,564 — 756 Signifyd Inc.110,500 5,653 — 5,062 — — 121,215 8,700 — Split Software, Inc.22,484 — (13,140)7,521 (16,865)— — — — Walker Edison Furniture Company LLC14,992 2,593 — (8,983)— — 8,602 13 — Total$272,093 $131,184 $(15,190)$5,177 $(16,865)$— $376,399 $13,177 $756  ________________ (a)Gross additions include increases in the cost basis of investments resulting from new investments, payment-in-kind interest or dividends, and the amortization of any unearned income or discounts on equity investments, as applicable. (b)Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, and the amortization of any premiums on equity investments, as applicable.

[46] This portfolio company is not pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility, SPV Asset Facility I, SPV Asset Facility II and CLO 2020-1. See Note 5 “Debt”.

[47] Under the Investment Company Act of 1940, as amended (the “1940 Act”), the Company is deemed to be an “Affiliated Person” of, as defined in the 1940 Act, this portfolio company, as the Company owns more than 5% of the portfolio company’s outstanding voting securities. Transactions during the period ended December 31, 2023 in which the Company was an Affiliated Person of the portfolio company are as follows: CompanyFair Value at December 31, 2022Gross Additions(a)Gross Reductions(b)Net Change in Unrealized
Gain/(Loss)Realized Gain/(Loss)TransfersFair Value at December 31, 2023Other IncomeInterest IncomeFifth Season Investments LLC$25,110 $18,646 $— $148 $— $— $43,904 $1,390 $— Help HP SCF Investor, LP65,192 — — 2,029 — — 67,221 — — LSI Financing 1 DAC4,013 10,237 (1,886)628 — — 12,992 164 — Signifyd Inc.109,216 10,720 — (9,436)— — 110,500 10,720 — Split Software, Inc.27,836 — — (5,352)— — 22,484 — — Walker Edison Furniture Company LLC— 23,385 — (8,393)— — 14,992 — — Total$231,367 $62,988 $(1,886)$(20,376)$— $— $272,093 $12,274 $—  (a)Gross additions include increases in the cost basis of investments resulting from new investments, payment-in-kind interest or dividends, and the amortization of any unearned income or discounts on equity investments, as applicable. (b)Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, and the amortization of any premiums on equity investments, as applicable.

[48] Harness Inc. has retained 304,990 shares until June 11, 2026 as a security for indemnity obligations detailed in the Merger Agreement with Split Software, Inc.

[49] As defined in the 1940 act, the Company is deemed to be both an “Affiliated Person” and has “Control” of this portfolio company as the Company owns more than 25% of the portfolio company’s outstanding voting securities or has the power to exercise control over management or policies of such portfolio company (including through a management agreement). The Company’s investments in controlled affiliates for the period ended September 30, 2024 were as follows: CompanyFair Value at December 31, 2023Gross Additions(a)Gross Reductions(b)Net Change in Unrealized Gain/(Loss)Realized Gain/(Loss)TransfersFair Value at September 30, 2024Other IncomeInterest IncomeBlue Owl Credit SLF LLC$— $2,189 $— $(2)$— $— $2,187 $— $— Revolut Ribbit Holdings, LLC66,509 — — 39,934 — — 106,443 — — Total$66,509 $2,189 $— $39,932 $— $— $108,630 $— $—  ________________ (a)Gross additions include increases in the cost basis of investments resulting from new investments, payment-in-kind interest or dividends, and the amortization of any unearned income or discounts on equity investments, as applicable. (b)Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, and the amortization of any premiums on equity investments, as applicable.

[50] As defined in the 1940 act, the Company is deemed to be both an “Affiliated Person” and has “Control” of this portfolio company as the Company owns more than 25% of the portfolio company’s outstanding voting securities or has the power to exercise control over management or policies of such portfolio company (including through a management agreement). The Company’s investments in affiliates for the period ended December 31, 2023 were as follows: CompanyFair Value at December 31, 2022 Gross Additions(a) Gross Reductions(b) Net Change in Unrealized
Gain/(Loss)Realized Gain/(Loss)TransfersFair Value at December 31, 2023Other IncomeInterest IncomeRevolut Ribbit Holdings, LLC$66,509 $11 $— $(11)$— $— $66,509 $— $— Total$66,509 $11 $— $(11)$— $— $66,509 $— $—  (a)Gross additions include increases in the cost basis of investments resulting from new investments, payment-in-kind interest or dividends, and the amortization of any unearned income or discounts on equity investments, as applicable. (b)Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, and the amortization of any premiums on equity investments, as applicable.

[51] The interest rate on these loans is subject to 6 month EURIBOR, which as of December 31, 2023 was 3.86%.

[52] Loan was on non-accrual status as of December 31, 2023.

[53] Loan was on non-accrual status as of September 30, 2024.

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Consolidated Schedule of Investments (Parenthetical) - USD ($) $ in Thousands		3 Months Ended			9 Months Ended			12 Months Ended
		Sep. 30, 2024		Sep. 30, 2023	Sep. 30, 2024		Sep. 30, 2023	Dec. 31, 2023		Jun. 11, 2026
Schedule of Investments [Line Items]
Unrealized gain (loss) for U.S. federal income tax purposes		$ (29,300)			$ (29,300)			$ (25,400)
Cost for income tax purposes		6,430,000			6,430,000			6,200,000
Unrealized loss for U.S. federal income tax purposes		190,000			190,000			160,400
Unrealized gain for U.S. federal income tax purposes		160,700			160,700			135,000
Restricted investments, fair value		$ 1,270,000			$ 1,270,000			$ 1,200,000
Restricted investments as a percentage of net assets		36.30%			36.30%			34.60%
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[1],[2],[3],[4]				$ 6,132,022
Net Change in Unrealized Gain/(Loss)					37,754		$ (6,190)
Realized Gain/(Loss)					(105,320)		8,037
Ending balance		$ 6,396,848	[5],[6],[7]		$ 6,396,848	[5],[6],[7]		$ 6,132,022	[1],[2],[3],[4]
Non-qualifying assets as a percent of total assets		15.70%			15.70%			16.50%
Forecast
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Shares retained for indemnity obligations (in shares)										304,990
Non-controlled, affiliated investments
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance					$ 272,093		231,367	$ 231,367
Gross Additions					131,184	[8]		62,988	[9]
Gross Reductions					(15,190)	[10]		(1,886)	[11]
Net Change in Unrealized Gain/(Loss)		$ 13,135		$ (3,792)	5,177		(9,467)	(20,376)
Realized Gain/(Loss)		(16,865)		0	(16,865)		0	0
Transfers					0			0
Ending balance		376,399			376,399			272,093
Other Income					13,177			12,274
Interest Income					756			0
Controlled, affiliated investments
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance					66,509		66,509	66,509
Gross Additions					2,189	[8],[12]		11	[13]
Gross Reductions					0	[10],[14]		0	[15]
Net Change in Unrealized Gain/(Loss)		37,906		$ 0	39,932		0	(11)
Realized Gain/(Loss)					0			0
Transfers					0			0
Ending balance		108,630			108,630			66,509
Other Income					0			0
Interest Income					0			0
Investment, Identifier [Axis]: 3ES Innovation Inc. (dba Aucerna), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18],[19]				70,601
Ending balance		70,050	[20],[21],[22],[23]		70,050	[20],[21],[22],[23]		70,601	[16],[17],[18],[19]
Investment, Identifier [Axis]: 3ES Innovation Inc. (dba Aucerna), First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[19],[24],[25]				3,000
Ending balance		0	[20],[22],[23],[26],[27]		0	[20],[22],[23],[26],[27]		3,000	[17],[18],[19],[24],[25]
Investment, Identifier [Axis]: 6Sense Insights, Inc., Series E-1 Preferred Stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[28],[29]				33,456
Ending balance		31,140	[22],[30],[31]		31,140	[22],[30],[31]		33,456	[18],[28],[29]
Investment, Identifier [Axis]: AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC, First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[32]				2,196
Ending balance		2,363	[22],[33]		2,363	[22],[33]		2,196	[18],[32]
Investment, Identifier [Axis]: AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC, LLC Interest
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[22],[23],[26],[30],[31]	1,731			1,731
Investment, Identifier [Axis]: AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC, LLC Interest
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[19],[25],[28],[29]				1,406
Ending balance	[18],[19],[25],[28],[29]							1,406
Investment, Identifier [Axis]: AAM Series 2.1 Aviation Feeder, LLC, First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[32]				2,609
Ending balance		2,218	[22],[33]		2,218	[22],[33]		2,609	[18],[32]
Investment, Identifier [Axis]: AAM Series 2.1 Aviation Feeder, LLC, LLC Interest
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[22],[23],[26],[30],[31]	989			989
Investment, Identifier [Axis]: AAM Series 2.1 Aviation Feeder, LLC, LLC Interest
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[19],[25],[28],[29]				1,750
Ending balance	[18],[19],[25],[28],[29]							1,750
Investment, Identifier [Axis]: AI Titan Parent, Inc. (dba Prometheus Group), First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[26],[27],[34]	(23)			(23)
Investment, Identifier [Axis]: AI Titan Parent, Inc. (dba Prometheus Group), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[35]	22,415			22,415
Investment, Identifier [Axis]: AI Titan Parent, Inc. (dba Prometheus Group), First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[26],[27]	(28)			(28)
Investment, Identifier [Axis]: Acquia Inc., First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[36]				176,509
Ending balance		176,509	[20],[35]		176,509	[20],[35]		176,509	[17],[36]
Investment, Identifier [Axis]: Acquia Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[25],[36]				5,800
Ending balance		4,716	[20],[26],[35]		4,716	[20],[26],[35]		5,800	[17],[25],[36]
Investment, Identifier [Axis]: Activate Holdings (US) Corp. (dba Absolute Software), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18],[19]				4,520
Ending balance		5,717	[20],[22],[23],[35]		5,717	[20],[22],[23],[35]		4,520	[16],[17],[18],[19]
Investment, Identifier [Axis]: Activate Holdings (US) Corp. (dba Absolute Software), First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18],[19],[25]				62
Ending balance		(1)	[20],[22],[23],[26],[27]		(1)	[20],[22],[23],[26],[27]		62	[16],[17],[18],[19],[25]
Investment, Identifier [Axis]: Aerosmith Bidco Limited (dba Audiotonix), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[23],[37]	123,146			123,146
Investment, Identifier [Axis]: Aerosmith Bidco Limited (dba Audiotonix), First lien senior secured multi-currency revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[23],[26],[27]	(205)			(205)
Investment, Identifier [Axis]: Aerosmith Bidco Limited (dba Audiotonix), First lien senior secured multi-draw term loan 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[26],[34]	0			0
Investment, Identifier [Axis]: Aerosmith Bidco Limited (dba Audiotonix), First lien senior secured multi-draw term loan 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[26],[27],[34]	(77)			(77)
Investment, Identifier [Axis]: Affirm, Inc., Senior convertible notes
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[19],[28],[38]				20,455
Ending balance	[18],[19],[28],[38]							20,455
Investment, Identifier [Axis]: Algolia, Inc., Series C Preferred Stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[28],[29]				24,314
Ending balance		17,523	[30],[31]		17,523	[30],[31]		24,314	[28],[29]
Investment, Identifier [Axis]: Algolia, Inc., Series D Preferred Stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[28],[29]				3,790
Ending balance		3,027	[30],[31]		3,027	[30],[31]		3,790	[28],[29]
Investment, Identifier [Axis]: Alpha Partners Technology Merger Corp, Common Stock Warrants
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[19],[28],[29]				0
Ending balance	[19],[28],[29]							0
Investment, Identifier [Axis]: Alpha Partners Technology Merger Corp, Sponsor Shares
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[19],[28]				0
Ending balance		326	[23],[30],[39]		326	[23],[30],[39]		0	[19],[28]
Investment, Identifier [Axis]: Alpha Partners Technology Merger Corp, Warrants
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[23],[30],[31],[39]	53			53
Investment, Identifier [Axis]: AlphaSense, Inc., First lien senior secured delayed draw term loan 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[26],[27],[34]	(55)			(55)
Investment, Identifier [Axis]: AlphaSense, Inc., First lien senior secured delayed draw term loan 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[26]	0			0
Investment, Identifier [Axis]: AlphaSense, Inc., First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[21],[22]	27,110			27,110
Investment, Identifier [Axis]: AlphaSense, LLC, Series E Preferred Shares
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[22],[30],[31]	5,890			5,890
Investment, Identifier [Axis]: Amergin Asset Management, LLC, Class A Units
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[19],[28],[29]				0
Ending balance		1,608	[22],[23],[30],[31]		1,608	[22],[23],[30],[31]		0	[18],[19],[28],[29]
Investment, Identifier [Axis]: Anaplan, Inc., First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18]				49,219
Ending balance		50,696	[20],[22],[35]		50,696	[20],[22],[35]		49,219	[16],[17],[18]
Investment, Identifier [Axis]: Anaplan, Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[40]				0
Ending balance		0	[20],[22],[26]		0	[20],[22],[26]		0	[17],[18],[25],[40]
Investment, Identifier [Axis]: Aptean Acquiror, Inc. (dba Aptean), First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[26],[34],[35]	8			8
Investment, Identifier [Axis]: Aptean Acquiror, Inc. (dba Aptean), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[21],[22]	3,074			3,074
Investment, Identifier [Axis]: Aptean Acquiror, Inc. (dba Aptean), First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[26],[27]	(1)			(1)
Investment, Identifier [Axis]: Arctic Wolf Networks, Inc., Preferred Stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[28],[29]				31,387
Ending balance		26,901	[30],[31]		26,901	[30],[31]		31,387	[28],[29]
Investment, Identifier [Axis]: Arctic Wolf Networks, Inc., Senior convertible notes
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[32]				141,377
Ending balance		155,822	[22],[33]		155,822	[22],[33]		141,377	[18],[32]
Investment, Identifier [Axis]: Armstrong Bidco Limited, First lien senior secured GBP term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[23],[41]	10,792			10,792
Investment, Identifier [Axis]: Armstrong Bidco Limited, First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[19],[42]				10,232
Ending balance	[17],[18],[19],[42]							10,232
Investment, Identifier [Axis]: Artifact Bidco, Inc. (dba Avetta), First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[26],[27],[34]	(10)			(10)
Investment, Identifier [Axis]: Artifact Bidco, Inc. (dba Avetta), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[35]	15,902			15,902
Investment, Identifier [Axis]: Artifact Bidco, Inc. (dba Avetta), First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[26],[27]	(14)			(14)
Investment, Identifier [Axis]: Associations Finance, Inc., Unsecured notes
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[22],[33]	19,276			19,276
Investment, Identifier [Axis]: Associations, Inc., First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[26],[27]	0			0
Investment, Identifier [Axis]: Associations, Inc., First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[35]	49,640			49,640
Investment, Identifier [Axis]: Associations, Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[26],[27]	0			0
Investment, Identifier [Axis]: Asurion, LLC, Second lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[24],[38]				10,300
Ending balance		10,127	[20],[21],[22],[43]		10,127	[20],[21],[22],[43]		10,300	[17],[18],[24],[38]
Investment, Identifier [Axis]: Aurelia Netherlands Midco 2 B.V., First lien senior secured EUR term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[23]	28,005			28,005
Investment, Identifier [Axis]: Avalara, Inc., First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18]				9,045
Ending balance		9,091	[20],[22],[35]		9,091	[20],[22],[35]		9,045	[16],[17],[18]
Investment, Identifier [Axis]: Avalara, Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[40]				(5)
Ending balance		0	[20],[22],[26],[27]		0	[20],[22],[26],[27]		(5)	[17],[18],[25],[40]
Investment, Identifier [Axis]: Azurite Intermediate Holdings, Inc. (dba Alteryx, Inc.), First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[21],[22],[26],[34]	18,709			18,709
Investment, Identifier [Axis]: Azurite Intermediate Holdings, Inc. (dba Alteryx, Inc.), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[21],[22]	12,899			12,899
Investment, Identifier [Axis]: Azurite Intermediate Holdings, Inc. (dba Alteryx, Inc.), First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[26],[27]	(59)			(59)
Investment, Identifier [Axis]: BCPE Osprey Buyer, Inc. (dba PartsSource), First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[40],[44]				(66)
Ending balance		4,453	[20],[21],[22],[26],[34]		4,453	[20],[21],[22],[26],[34]		(66)	[17],[18],[25],[40],[44]
Investment, Identifier [Axis]: BCPE Osprey Buyer, Inc. (dba PartsSource), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18]				119,799
Ending balance		118,884	[20],[22],[35]		118,884	[20],[22],[35]		119,799	[16],[17],[18]
Investment, Identifier [Axis]: BCPE Osprey Buyer, Inc. (dba PartsSource), First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[24],[25]				3,653
Ending balance		6,371	[20],[21],[22],[26]		6,371	[20],[21],[22],[26]		3,653	[17],[18],[24],[25]
Investment, Identifier [Axis]: BCPE Watson (DE) ORML, LP, First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[19],[36]				49,750
Ending balance	[17],[18],[19],[36]							49,750
Investment, Identifier [Axis]: BCTO BSI Buyer, Inc. (dba Buildertrend), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18]				78,695
Ending balance		82,772	[20],[22],[35]		82,772	[20],[22],[35]		78,695	[16],[17],[18]
Investment, Identifier [Axis]: BCTO BSI Buyer, Inc. (dba Buildertrend), First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[40]				0
Ending balance		0	[20],[22],[26],[27]		0	[20],[22],[26],[27]		0	[17],[18],[25],[40]
Investment, Identifier [Axis]: BCTO WIW Holdings, Inc. (dba When I Work), Class A Common Stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[28],[29]				5,487
Ending balance		4,130	[22],[30],[31]		4,130	[22],[30],[31]		5,487	[18],[28],[29]
Investment, Identifier [Axis]: BEHP Co-Investor II, L.P., LP Interest
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[19],[28],[29]				1,278
Ending balance		1,297	[22],[23],[30],[31]		1,297	[22],[23],[30],[31]		1,278	[18],[19],[28],[29]
Investment, Identifier [Axis]: BTRS HOLDINGS INC. (dba Billtrust), First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[26],[34],[35]	61			61
Investment, Identifier [Axis]: BTRS HOLDINGS INC. (dba Billtrust), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[35]	835			835
Investment, Identifier [Axis]: BTRS HOLDINGS INC. (dba Billtrust), First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[26],[35]	33			33
Investment, Identifier [Axis]: BTRS HOLDINGS INC., First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18],[25],[44]				34
Ending balance	[16],[17],[18],[25],[44]							34
Investment, Identifier [Axis]: BTRS HOLDINGS INC., First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18]				827
Ending balance	[16],[17],[18]							827
Investment, Identifier [Axis]: BTRS HOLDINGS INC., First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18],[25]				21
Ending balance	[16],[17],[18],[25]							21
Investment, Identifier [Axis]: Bamboo US BidCo LLC, First lien senior secured EUR term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[45]				3,282
Ending balance		3,481	[20],[22],[46]		3,481	[20],[22],[46]		3,282	[17],[18],[45]
Investment, Identifier [Axis]: Bamboo US BidCo LLC, First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[24],[25],[44]				40
Ending balance		372	[20],[22],[26],[34],[35]		372	[20],[22],[26],[34],[35]		40	[17],[18],[24],[25],[44]
Investment, Identifier [Axis]: Bamboo US BidCo LLC, First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18]				4,775
Ending balance		5,013	[20],[22],[35]		5,013	[20],[22],[35]		4,775	[16],[17],[18]
Investment, Identifier [Axis]: Bamboo US BidCo LLC, First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[40]				(31)
Ending balance		0	[20],[22],[26],[27]		0	[20],[22],[26],[27]		(31)	[17],[18],[25],[40]
Investment, Identifier [Axis]: Bayshore Intermediate #2, L.P. (dba Boomi), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18]				176,413
Ending balance		193,311	[20],[22],[35]		193,311	[20],[22],[35]		176,413	[16],[17],[18]
Investment, Identifier [Axis]: Bayshore Intermediate #2, L.P. (dba Boomi), First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18],[25]				2,193
Ending balance		0	[20],[22],[26],[27]		0	[20],[22],[26],[27]		2,193	[16],[17],[18],[25]
Investment, Identifier [Axis]: Blackhawk Network Holdings, Inc., First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[21],[22],[43]	60,071			60,071
Investment, Identifier [Axis]: Blend Labs, Inc., Common stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[28],[47]				553
Ending balance		814	[22],[30],[39]		814	[22],[30],[39]		553	[18],[28],[47]
Investment, Identifier [Axis]: Blend Labs, Inc., First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[24]				68,250
Ending balance	[17],[18],[24]							68,250
Investment, Identifier [Axis]: Blend Labs, Inc., Warrants
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[28],[29]				15
Ending balance		16	[22],[30],[31]		16	[22],[30],[31]		15	[18],[28],[29]
Investment, Identifier [Axis]: Blue Owl Credit SLF LLC
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance					0
Gross Additions	[8]				2,189
Gross Reductions	[10]				0
Net Change in Unrealized Gain/(Loss)					(2)
Realized Gain/(Loss)					0
Transfers					0
Ending balance		2,187			2,187			0
Other Income					0
Interest Income					0
Investment, Identifier [Axis]: Blue Owl Credit SLF LLC, Joint Venture
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[22],[23],[30],[31],[48]	2,187			2,187
Investment, Identifier [Axis]: Bolt Technology OÜ, Preferred Stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[19],[28],[29]				10,667
Ending balance		10,777	[23],[30],[31]		10,777	[23],[30],[31]		10,667	[19],[28],[29]
Investment, Identifier [Axis]: Boxer Parent Company Inc. (f/k/a BMC), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[35],[43]	9,973			9,973
Investment, Identifier [Axis]: Brex, Inc., Preferred Stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[28],[29]				3,220
Ending balance		2,885	[30],[31]		2,885	[30],[31]		3,220	[28],[29]
Investment, Identifier [Axis]: BridgeBio Pharma, Inc., First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[35]	29,925			29,925
Investment, Identifier [Axis]: Brooklyn Lender Co-Invest 2, L.P. (dba Boomi), Common Units
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[28],[29]				13,841
Ending balance		16,381	[22],[30],[31]		16,381	[22],[30],[31]		13,841	[18],[28],[29]
Investment, Identifier [Axis]: CP PIK DEBT ISSUER, LLC (dba CivicPlus, LLC), Unsecured notes
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[24]				39,284
Ending balance		42,813	[20],[22],[35]		42,813	[20],[22],[35]		39,284	[17],[18],[24]
Investment, Identifier [Axis]: CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant), First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[26],[34]	0			0
Investment, Identifier [Axis]: CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[21],[22]	57,693			57,693
Investment, Identifier [Axis]: CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant), First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[26],[27]	(29)			(29)
Investment, Identifier [Axis]: Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18]				74,515
Ending balance		74,518	[20],[22],[35]		74,518	[20],[22],[35]		74,515	[16],[17],[18]
Investment, Identifier [Axis]: Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.), First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18],[25]				2,101
Ending balance		2,151	[20],[22],[26],[35]		2,151	[20],[22],[26],[35]		2,101	[16],[17],[18],[25]
Investment, Identifier [Axis]: Certinia, Inc., First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[36]				21,618
Ending balance		21,949	[20],[22],[35]		21,949	[20],[22],[35]		21,618	[17],[18],[36]
Investment, Identifier [Axis]: Certinia, Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[40]				(59)
Ending balance		(15)	[20],[22],[26],[27]		(15)	[20],[22],[26],[27]		(59)	[17],[18],[25],[40]
Investment, Identifier [Axis]: Circana Group, L.P. (fka The NPD Group, L.P.), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[24]				23,923
Ending balance	[17],[18],[24]							23,923
Investment, Identifier [Axis]: Circana Group, L.P. (fka The NPD Group, L.P.), First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[24],[25]				257
Ending balance	[17],[18],[24],[25]							257
Investment, Identifier [Axis]: Circle Internet Services, Inc., Series D Preferred Stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[28],[29]				26,381
Ending balance		17,401	[30],[31]		17,401	[30],[31]		26,381	[28],[29]
Investment, Identifier [Axis]: Circle Internet Services, Inc., Series E Preferred Stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[28],[29]				8,272
Ending balance		5,937	[30],[31]		5,937	[30],[31]		8,272	[28],[29]
Investment, Identifier [Axis]: Circle Internet Services, Inc., Series F Preferred Stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[28],[29]				1,139
Ending balance		910	[30],[31]		910	[30],[31]		1,139	[28],[29]
Investment, Identifier [Axis]: Circle Internet Services, Inc., Subordinated Convertible Security
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[30],[31]	759			759
Investment, Identifier [Axis]: Circle Internet Services, Inc., Warrants
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[28],[29]				1,037
Ending balance		888	[30],[31]		888	[30],[31]		1,037	[28],[29]
Investment, Identifier [Axis]: CivicPlus, LLC, First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18]				67,293
Ending balance		68,151	[20],[22],[35]		68,151	[20],[22],[35]		67,293	[16],[17],[18]
Investment, Identifier [Axis]: CivicPlus, LLC, First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[24],[25]				1,586
Ending balance		0	[20],[22],[26],[27]		0	[20],[22],[26],[27]		1,586	[17],[18],[24],[25]
Investment, Identifier [Axis]: CloudPay, Inc., First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[35]	9,585			9,585
Investment, Identifier [Axis]: CloudPay, Inc., Series E Preferred Stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[22],[23],[31],[33]	8,253			8,253
Investment, Identifier [Axis]: Community Brands ParentCo, LLC, First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[40],[44]				0
Ending balance	[17],[18],[25],[40],[44]							0
Investment, Identifier [Axis]: Community Brands ParentCo, LLC, First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[24]				12,402
Ending balance	[17],[18],[24]							12,402
Investment, Identifier [Axis]: Community Brands ParentCo, LLC, First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[40]				(8)
Ending balance	[17],[18],[25],[40]							(8)
Investment, Identifier [Axis]: Computer Services, Inc. (dba CSI), First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[26],[27],[34]	0			0
Investment, Identifier [Axis]: Computer Services, Inc. (dba CSI), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[35]	33,920			33,920
Investment, Identifier [Axis]: Computer Services, Inc., First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18]				1,158
Ending balance	[16],[17],[18]							1,158
Investment, Identifier [Axis]: Cornerstone OnDemand, Inc., Second lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[24]				67,367
Ending balance		65,038	[20],[21],[22]		65,038	[20],[21],[22]		67,367	[17],[18],[24]
Investment, Identifier [Axis]: Coupa Holdings, LLC, First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[40],[44]				(1)
Ending balance		0	[20],[22],[26],[34]		0	[20],[22],[26],[34]		(1)	[17],[18],[25],[40],[44]
Investment, Identifier [Axis]: Coupa Holdings, LLC, First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[24]				770
Ending balance		783	[20],[22],[35]		783	[20],[22],[35]		770	[17],[18],[24]
Investment, Identifier [Axis]: Coupa Holdings, LLC, First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[40]				(1)
Ending balance		0	[20],[22],[26]		0	[20],[22],[26]		(1)	[17],[18],[25],[40]
Investment, Identifier [Axis]: Crewline Buyer, Inc. (dba New Relic), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[35]	90,340			90,340
Investment, Identifier [Axis]: Crewline Buyer, Inc. (dba New Relic), First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[26],[27]	(24)			(24)
Investment, Identifier [Axis]: Crewline Buyer, Inc., First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18]				89,208
Ending balance	[16],[17],[18]							89,208
Investment, Identifier [Axis]: Crewline Buyer, Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[40]				(142)
Ending balance	[17],[18],[25],[40]							(142)
Investment, Identifier [Axis]: Datix Bidco Limited (dba RLDatix), First lien senior secured GBP term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[19],[42]				813
Ending balance	[17],[18],[19],[42]							813
Investment, Identifier [Axis]: Datix Bidco Limited (dba RLDatix), Second lien senior secured GBP term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[19],[42]				8,499
Ending balance	[17],[18],[19],[42]							8,499
Investment, Identifier [Axis]: Delinea Buyer, Inc. (f/k/a Centrify), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18]				78,102
Ending balance	[16],[17],[18]							78,102
Investment, Identifier [Axis]: Delinea Buyer, Inc. (f/k/a Centrify), First lien senior secured loan 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[35]	77,890			77,890
Investment, Identifier [Axis]: Delinea Buyer, Inc. (f/k/a Centrify), First lien senior secured loan 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[35]	28,109			28,109
Investment, Identifier [Axis]: Delinea Buyer, Inc. (f/k/a Centrify), First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[40]				(41)
Ending balance		0	[20],[22],[26],[27]		0	[20],[22],[26],[27]		(41)	[17],[18],[25],[40]
Investment, Identifier [Axis]: Delta TopCo, Inc. (dba Infoblox, Inc.), Second lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18]				20,000
Ending balance		13,557	[20],[37],[43]		13,557	[20],[37],[43]		20,000	[16],[17],[18]
Investment, Identifier [Axis]: Diamond Insure Bidco (dba Acturis), First lien senior secured EUR term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22]	683			683
Investment, Identifier [Axis]: Diamond Insure Bidco (dba Acturis), First lien senior secured GBP term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[41]	2,684			2,684
Investment, Identifier [Axis]: Diamondback Acquisition, Inc. (dba Sphera), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[24]				75,499
Ending balance		75,300	[20],[21],[22]		75,300	[20],[21],[22]		75,499	[17],[18],[24]
Investment, Identifier [Axis]: Diligent Corporation, First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17]				24,315
Ending balance	[16],[17]							24,315
Investment, Identifier [Axis]: Diligent Corporation, First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[25]				803
Ending balance	[16],[17],[25]							803
Investment, Identifier [Axis]: Diligent Preferred Issuer, Inc. (dba Diligent Corporation), Preferred Stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[29],[32]				18,481
Ending balance		20,515	[22],[31],[33]		20,515	[22],[31],[33]		18,481	[18],[29],[32]
Investment, Identifier [Axis]: Disco Parent, Inc. (dba Duck Creek Technologies, Inc.), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18]				895
Ending balance		905	[20],[22],[35]		905	[20],[22],[35]		895	[16],[17],[18]
Investment, Identifier [Axis]: Disco Parent, Inc. (dba Duck Creek Technologies, Inc.), First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[40]				(1)
Ending balance		0	[20],[22],[26],[27]		0	[20],[22],[26],[27]		(1)	[17],[18],[25],[40]
Investment, Identifier [Axis]: Dodge Construction Network Holdings, L.P., Class A-2 Common Units
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[28],[29]				2,281
Ending balance		1,394	[22],[30],[31]		1,394	[22],[30],[31]		2,281	[18],[28],[29]
Investment, Identifier [Axis]: Dodge Construction Network Holdings, L.P., Series A Preferred Units
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[29]				49
Ending balance		42	[20],[22],[31]		42	[20],[22],[31]		49	[18],[29]
Investment, Identifier [Axis]: E2Open Parent Holdings, Inc., Class A Common Stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[19],[28],[47]				7,248
Ending balance		7,281	[23],[30],[39]		7,281	[23],[30],[39]		7,248	[19],[28],[47]
Investment, Identifier [Axis]: EET Buyer, Inc. (dba e-Emphasys), First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[26],[27],[34]	0			0
Investment, Identifier [Axis]: EET Buyer, Inc. (dba e-Emphasys), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18]				54,261
Ending balance		56,199	[20],[22],[35]		56,199	[20],[22],[35]		54,261	[16],[17],[18]
Investment, Identifier [Axis]: EET Buyer, Inc. (dba e-Emphasys), First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[36]				1,070
Ending balance		0	[20],[22],[26],[27]		0	[20],[22],[26],[27]		1,070	[17],[18],[25],[36]
Investment, Identifier [Axis]: EShares, Inc. (dba Carta), Series E Preferred Stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[28],[29]				8,309
Ending balance		3,951	[30],[31]		3,951	[30],[31]		8,309	[28],[29]
Investment, Identifier [Axis]: Elliott Alto Co-Investor Aggregator L.P., LP Interest
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[19],[28],[29]				1,573
Ending balance		2,189	[22],[23],[30],[31]		2,189	[22],[23],[30],[31]		1,573	[18],[19],[28],[29]
Investment, Identifier [Axis]: Entrata, Inc., First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[24]				884
Ending balance		891	[20],[21],[22]		891	[20],[21],[22]		884	[17],[18],[24]
Investment, Identifier [Axis]: Entrata, Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[40]				(2)
Ending balance		0	[20],[22],[26],[27]		0	[20],[22],[26],[27]		(2)	[17],[18],[25],[40]
Investment, Identifier [Axis]: Exabeam, Inc., First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[32]				30,400
Ending balance	[32]							30,400
Investment, Identifier [Axis]: Exabeam, Inc., Series F-1 Preferred Stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[28],[29]				85,547
Ending balance	[28],[29]							85,547
Investment, Identifier [Axis]: Excalibur CombineCo, L.P., Class A Units
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[22],[30],[31]	73,595			73,595
Investment, Identifier [Axis]: Fifth Season Investments LLC
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance					43,904		25,110	25,110
Gross Additions					30,421	[8]		18,646	[9]
Gross Reductions					0	[10]		0	[11]
Net Change in Unrealized Gain/(Loss)					4,894			148
Realized Gain/(Loss)					0			0
Transfers					0			0
Ending balance		79,219			79,219			43,904
Other Income					4,416			1,390
Interest Income					0			0
Investment, Identifier [Axis]: Fifth Season Investments LLC, Class A Units
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[29],[49],[50]				43,904
Ending balance		79,219	[22],[31],[48],[51]		79,219	[22],[31],[48],[51]		43,904	[18],[29],[49],[50]
Investment, Identifier [Axis]: Finastra USA, Inc., First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[19],[36]				71,363
Ending balance		71,723	[20],[22],[23],[35]		71,723	[20],[22],[23],[35]		71,363	[17],[18],[19],[36]
Investment, Identifier [Axis]: Finastra USA, Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[19],[24],[25]				1,904
Ending balance		3,463	[20],[22],[23],[26],[35]		3,463	[20],[22],[23],[26],[35]		1,904	[17],[18],[19],[24],[25]
Investment, Identifier [Axis]: Forescout Technologies, Inc., First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[40],[44]				0
Ending balance	[17],[18],[25],[40],[44]							0
Investment, Identifier [Axis]: Forescout Technologies, Inc., First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18]				69,638
Ending balance		66,464	[20],[22],[35]		66,464	[20],[22],[35]		69,638	[16],[17],[18]
Investment, Identifier [Axis]: Forescout Technologies, Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[40]				0
Ending balance		(20)	[20],[22],[26],[27]		(20)	[20],[22],[26],[27]		0	[17],[18],[25],[40]
Investment, Identifier [Axis]: Fullsteam Operations, LLC, First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18],[25],[44]				922
Ending balance		4,517	[20],[22],[26],[34],[35]		4,517	[20],[22],[26],[34],[35]		922	[16],[17],[18],[25],[44]
Investment, Identifier [Axis]: Fullsteam Operations, LLC, First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18]				10,275
Ending balance		10,593	[20],[22],[35]		10,593	[20],[22],[35]		10,275	[16],[17],[18]
Investment, Identifier [Axis]: Fullsteam Operations, LLC, First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[40]				(18)
Ending balance		0	[20],[22],[26],[27]		0	[20],[22],[26],[27]		(18)	[17],[18],[25],[40]
Investment, Identifier [Axis]: GI Ranger Intermediate, LLC (dba Rectangle Health), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18]				26,825
Ending balance		26,551	[20],[22],[35]		26,551	[20],[22],[35]		26,825	[16],[17],[18]
Investment, Identifier [Axis]: GI Ranger Intermediate, LLC (dba Rectangle Health), First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18],[25]				1,294
Ending balance		(39)	[20],[22],[26],[27]		(39)	[20],[22],[26],[27]		1,294	[16],[17],[18],[25]
Investment, Identifier [Axis]: GS Acquisitionco, Inc. (dba insightsoftware), First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[26],[27],[34]	(10)			(10)
Investment, Identifier [Axis]: GS Acquisitionco, Inc. (dba insightsoftware), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18]				48,899
Ending balance		52,135	[20],[22],[35]		52,135	[20],[22],[35]		48,899	[16],[17],[18]
Investment, Identifier [Axis]: GS Acquisitionco, Inc. (dba insightsoftware), First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[40]				(8)
Ending balance		586	[20],[22],[26],[35]		586	[20],[22],[26],[35]		(8)	[17],[18],[25],[40]
Investment, Identifier [Axis]: Gainsight, Inc., First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18]				61,196
Ending balance		67,754	[20],[22],[35]		67,754	[20],[22],[35]		61,196	[16],[17],[18]
Investment, Identifier [Axis]: Gainsight, Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18],[25]				2,622
Ending balance		2,933	[20],[22],[26],[35]		2,933	[20],[22],[26],[35]		2,622	[16],[17],[18],[25]
Investment, Identifier [Axis]: Gerson Lehrman Group, Inc., First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18]				80,348
Ending balance		18,848	[20],[22],[35]		18,848	[20],[22],[35]		80,348	[16],[17],[18]
Investment, Identifier [Axis]: Gerson Lehrman Group, Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[40]				0
Ending balance		(2)	[20],[22],[26],[27]		(2)	[20],[22],[26],[27]		0	[17],[18],[25],[40]
Investment, Identifier [Axis]: Granicus, Inc., First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[21],[22],[34]	287			287
Investment, Identifier [Axis]: Granicus, Inc., First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18]				35,064
Ending balance		1,954	[20],[22],[35]		1,954	[20],[22],[35]		35,064	[16],[17],[18]
Investment, Identifier [Axis]: Granicus, Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18],[25]				539
Ending balance		0	[20],[22],[26],[27]		0	[20],[22],[26],[27]		539	[16],[17],[18],[25]
Investment, Identifier [Axis]: Grayshift, LLC, First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[19],[24]				20,747
Ending balance	[17],[18],[19],[24]							20,747
Investment, Identifier [Axis]: Grayshift, LLC, First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[19],[25],[40]				(15)
Ending balance	[17],[18],[19],[25],[40]							(15)
Investment, Identifier [Axis]: Greenway Health, LLC, First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[36]				8,489
Ending balance		8,555	[20],[22],[37]		8,555	[20],[22],[37]		8,489	[17],[18],[36]
Investment, Identifier [Axis]: H&F Opportunities LUX III S.À R.L (dba Checkmarx), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[19],[24]				148,889
Ending balance		148,517	[20],[21],[22],[23]		148,517	[20],[21],[22],[23]		148,889	[17],[18],[19],[24]
Investment, Identifier [Axis]: H&F Opportunities LUX III S.À R.L (dba Checkmarx), First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[19],[25],[40]				0
Ending balance		(63)	[20],[22],[23],[26],[27]		(63)	[20],[22],[23],[26],[27]		0	[17],[18],[19],[25],[40]
Investment, Identifier [Axis]: Halo Parent Newco, LLC, Class H PIK Preferred Equity
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[29],[32]				4,996
Ending balance		5,301	[22],[31],[33]		5,301	[22],[31],[33]		4,996	[18],[29],[32]
Investment, Identifier [Axis]: Harness, Inc., Junior Preferred Stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[30],[31],[52]	9,169			9,169
Investment, Identifier [Axis]: Help HP SCF Investor, LP
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance					67,221		65,192	65,192
Gross Additions					0	[8]		0	[9]
Gross Reductions					0	[10]		0	[11]
Net Change in Unrealized Gain/(Loss)					(3,792)			2,029
Realized Gain/(Loss)					0			0
Transfers					0			0
Ending balance		63,429			63,429			67,221
Other Income					0			0
Interest Income					0			0
Investment, Identifier [Axis]: Help HP SCF Investor, LP, LP Interest
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[28],[29],[50]				67,221
Ending balance		63,429	[22],[30],[31],[51]		63,429	[22],[30],[31],[51]		67,221	[18],[28],[29],[50]
Investment, Identifier [Axis]: Hg Genesis 8 Sumoco Limited, Unsecured facility
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[19],[42]				82,658
Ending balance		24,330	[20],[22],[23],[41]		24,330	[20],[22],[23],[41]		82,658	[17],[18],[19],[42]
Investment, Identifier [Axis]: Hg Genesis 9 SumoCo Limited, Unsecured facility
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[19],[45]				9,110
Ending balance		9,990	[20],[22],[23],[46]		9,990	[20],[22],[23],[46]		9,110	[17],[18],[19],[45]
Investment, Identifier [Axis]: Hg Saturn Luchaco Limited, Unsecured facility
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[19],[42]				134,978
Ending balance		54,736	[20],[22],[23],[41]		54,736	[20],[22],[23],[41]		134,978	[17],[18],[19],[42]
Investment, Identifier [Axis]: Hyland Software, Inc., First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[24]				84,599
Ending balance		84,817	[20],[21],[22]		84,817	[20],[21],[22]		84,599	[17],[18],[24]
Investment, Identifier [Axis]: Hyland Software, Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[40]				(61)
Ending balance		(20)	[20],[22],[26],[27]		(20)	[20],[22],[26],[27]		(61)	[17],[18],[25],[40]
Investment, Identifier [Axis]: IRI Group Holdings, Inc. (f/k/a Circana Group, L.P. (f/k/a The NPD Group, L.P.)), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[21],[22]	24,353			24,353
Investment, Identifier [Axis]: IRI Group Holdings, Inc. (f/k/a Circana Group, L.P. (f/k/a The NPD Group, L.P.)), First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[21],[22],[26]	846			846
Investment, Identifier [Axis]: Icefall Parent, Inc. (dba EngageSmart), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[21],[22]	12,719			12,719
Investment, Identifier [Axis]: Icefall Parent, Inc. (dba EngageSmart), First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[26],[27]	(6)			(6)
Investment, Identifier [Axis]: Illumio, Inc., Common stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[28],[29]				1,495
Ending balance		1,582	[30],[31]		1,582	[30],[31]		1,495	[28],[29]
Investment, Identifier [Axis]: Illumio, Inc., Series F Preferred Stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[28],[29]				14,843
Ending balance		15,502	[30],[31]		15,502	[30],[31]		14,843	[28],[29]
Investment, Identifier [Axis]: Imprivata, Inc., Second lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18]				17,647
Ending balance	[16],[17],[18]							17,647
Investment, Identifier [Axis]: Indikami Bidco, LLC (dba IntegriChain), First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[26],[27],[34]	0			0
Investment, Identifier [Axis]: Indikami Bidco, LLC (dba IntegriChain), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[21],[22]	59,765			59,765
Investment, Identifier [Axis]: Indikami Bidco, LLC (dba IntegriChain), First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[21],[22],[26]	2,066			2,066
Investment, Identifier [Axis]: Indikami Bidco, LLC, First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[40],[44]				(52)
Ending balance	[17],[18],[25],[40],[44]							(52)
Investment, Identifier [Axis]: Indikami Bidco, LLC, First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[24]				46,820
Ending balance	[17],[18],[24]							46,820
Investment, Identifier [Axis]: Indikami Bidco, LLC, First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[40]				(135)
Ending balance	[17],[18],[25],[40]							(135)
Investment, Identifier [Axis]: Inovalon Holdings, Inc., First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[40],[44]				0
Ending balance	[17],[18],[25],[40],[44]							0
Investment, Identifier [Axis]: Inovalon Holdings, Inc., First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[24]				135,516
Ending balance		148,230	[20],[22],[35]		148,230	[20],[22],[35]		135,516	[17],[18],[24]
Investment, Identifier [Axis]: Inovalon Holdings, Inc., Second lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[24]				81,757
Ending balance		89,836	[20],[22],[35]		89,836	[20],[22],[35]		81,757	[17],[18],[24]
Investment, Identifier [Axis]: Insight CP (Blocker) Holdings, L.P. (dba CivicPlus, LLC), LP Interest
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[19],[28],[29]				2,472
Ending balance		2,728	[22],[23],[30],[31]		2,728	[22],[23],[30],[31]		2,472	[18],[19],[28],[29]
Investment, Identifier [Axis]: Integrity Marketing Acquisition, LLC, First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18],[25],[44]				1,030
Ending balance		(21)	[20],[22],[26],[27],[34]		(21)	[20],[22],[26],[27],[34]		1,030	[16],[17],[18],[25],[44]
Investment, Identifier [Axis]: Integrity Marketing Acquisition, LLC, First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18]				39,676
Ending balance		47,053	[20],[22],[35]		47,053	[20],[22],[35]		39,676	[16],[17],[18]
Investment, Identifier [Axis]: Integrity Marketing Acquisition, LLC, First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[40]				0
Ending balance		(7)	[20],[22],[26],[27],[35]		(7)	[20],[22],[26],[27],[35]		0	[17],[18],[25],[40]
Investment, Identifier [Axis]: Intelerad Medical Systems Incorporated (fka 11849573 Canada Inc.), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18],[19]				151,195
Ending balance		150,423	[20],[22],[23],[35]		150,423	[20],[22],[23],[35]		151,195	[16],[17],[18],[19]
Investment, Identifier [Axis]: Intelerad Medical Systems Incorporated (fka 11849573 Canada Inc.), First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18],[19]				10,549
Ending balance		10,576	[20],[22],[23],[35]		10,576	[20],[22],[23],[35]		10,549	[16],[17],[18],[19]
Investment, Identifier [Axis]: Interoperability Bidco, Inc. (dba Lyniate), First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[26],[34]	(86)			(86)
Investment, Identifier [Axis]: Interoperability Bidco, Inc. (dba Lyniate), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18]				83,311
Ending balance		85,932	[20],[21],[22]		85,932	[20],[21],[22]		83,311	[16],[17],[18]
Investment, Identifier [Axis]: Interoperability Bidco, Inc. (dba Lyniate), First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18],[25]				2,742
Ending balance		2,011	[20],[22],[26],[35]		2,011	[20],[22],[26],[35]		2,742	[16],[17],[18],[25]
Investment, Identifier [Axis]: Ivanti Software, Inc., Second lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18],[38]				16,800
Ending balance		13,125	[20],[22],[35]		13,125	[20],[22],[35]		16,800	[16],[17],[18],[38]
Investment, Identifier [Axis]: JS Parent, Inc. (dba Jama Software), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[35]	13,608			13,608
Investment, Identifier [Axis]: JS Parent, Inc. (dba Jama Software), First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[26],[27]	(7)			(7)
Investment, Identifier [Axis]: JumpCloud, Inc., Series B Preferred Stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[28],[29]				1,995
Ending balance		823	[30],[31]		823	[30],[31]		1,995	[28],[29]
Investment, Identifier [Axis]: JumpCloud, Inc., Series F Preferred Stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[28],[29]				34,491
Ending balance		29,235	[30],[31]		29,235	[30],[31]		34,491	[28],[29]
Investment, Identifier [Axis]: KWOL Acquisition Inc. (dba Worldwide Clinical Trials), Class A Interest
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[22],[30],[31]	1,585			1,585
Investment, Identifier [Axis]: KWOL Acquisition Inc. (dba Worldwide Clinical Trials), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[37]	21,419			21,419
Investment, Identifier [Axis]: KWOL Acquisition Inc. (dba Worldwide Clinical Trials), First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[26],[35]	352			352
Investment, Identifier [Axis]: KWOL Acquisition Inc., Common stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[28],[29]				1,585
Ending balance	[18],[28],[29]							1,585
Investment, Identifier [Axis]: KWOL Acquisition Inc., First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[36]				21,206
Ending balance	[17],[18],[36]							21,206
Investment, Identifier [Axis]: KWOL Acquisition Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[36]				823
Ending balance	[17],[18],[25],[36]							823
Investment, Identifier [Axis]: Kajabi Holdings, LLC, Senior Preferred Class D Units
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[28],[29]				41,170
Ending balance		39,463	[30],[31]		39,463	[30],[31]		41,170	[28],[29]
Investment, Identifier [Axis]: Kaseya Inc., First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18],[25],[44]				58
Ending balance		184	[20],[22],[26],[34],[35]		184	[20],[22],[26],[34],[35]		58	[16],[17],[18],[25],[44]
Investment, Identifier [Axis]: Kaseya Inc., First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18]				15,704
Ending balance		15,963	[20],[22],[35]		15,963	[20],[22],[35]		15,704	[16],[17],[18]
Investment, Identifier [Axis]: Kaseya Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[24],[25]				236
Ending balance		239	[20],[21],[22],[26]		239	[20],[21],[22],[26]		236	[17],[18],[24],[25]
Investment, Identifier [Axis]: Klarna Holding AB, Subordinated Floating Rate Notes
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[35]	32,667			32,667
Investment, Identifier [Axis]: Klaviyo, Inc., Common stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[28],[29],[47]				31,457
Ending balance	[28],[29],[47]							31,457
Investment, Identifier [Axis]: Klaviyo, Inc., Series B Common Stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[30],[31],[39]	42,395			42,395
Investment, Identifier [Axis]: Knockout Intermediate Holdings I Inc. (dba Kaseya Inc.), Perpetual Preferred Stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[29],[32]				8,404
Ending balance		9,632	[20],[22],[31]		9,632	[20],[22],[31]		8,404	[18],[29],[32]
Investment, Identifier [Axis]: LSI Financing 1 DAC
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance					12,992		4,013	4,013
Gross Additions					4,953	[8]		10,237	[9]
Gross Reductions					(2,050)	[10]		(1,886)	[11]
Net Change in Unrealized Gain/(Loss)					475			628
Realized Gain/(Loss)					0			0
Transfers					0			0
Ending balance		16,370			16,370			12,992
Other Income					48			164
Interest Income					0			0
Investment, Identifier [Axis]: LSI Financing 1 DAC, Preferred Equity
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[19],[29],[50]				12,992
Ending balance	[18],[19],[29],[50]							12,992
Investment, Identifier [Axis]: LSI Financing 1 DAC, Series 1 Notes
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[22],[23],[26],[31],[51]	16,370			16,370
Investment, Identifier [Axis]: Linked Store Cayman Ltd. (dba Nuvemshop), Series E Preferred Stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[19],[28],[29]				35,738
Ending balance		36,862	[22],[23],[30],[31]		36,862	[22],[23],[30],[31]		35,738	[18],[19],[28],[29]
Investment, Identifier [Axis]: Litera Bidco LLC, First lien senior secured delayed draw term loan 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[21],[22],[26],[34]	15,071			15,071
Investment, Identifier [Axis]: Litera Bidco LLC, First lien senior secured delayed draw term loan 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[26],[34]	0			0
Investment, Identifier [Axis]: Litera Bidco LLC, First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[24]				151,852
Ending balance		115,149	[20],[21],[22]		115,149	[20],[21],[22]		151,852	[17],[18],[24]
Investment, Identifier [Axis]: Litera Bidco LLC, First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[40]				0
Ending balance		(38)	[20],[22],[26],[27]		(38)	[20],[22],[26],[27]		0	[17],[18],[25],[40]
Investment, Identifier [Axis]: LogRhythm, Inc., First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[35]	4,608			4,608
Investment, Identifier [Axis]: LogRhythm, Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[26],[27]	(14)			(14)
Investment, Identifier [Axis]: MINDBODY, Inc., First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18]				76,356
Ending balance		72,962	[20],[22],[35]		72,962	[20],[22],[35]		76,356	[16],[17],[18]
Investment, Identifier [Axis]: MINDBODY, Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[40]				(36)
Ending balance		0	[20],[22],[26],[27]		0	[20],[22],[26],[27]		(36)	[17],[18],[25],[40]
Investment, Identifier [Axis]: Magnet Forensics, LLC (f/k/a Grayshift, LLC), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[21],[22],[23]	27,832			27,832
Investment, Identifier [Axis]: Magnet Forensics, LLC (f/k/a Grayshift, LLC), First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[23],[26],[27]	0			0
Investment, Identifier [Axis]: ManTech International Corporation, First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18],[25],[44]				563
Ending balance		0	[20],[22],[26],[34]		0	[20],[22],[26],[34]		563	[16],[17],[18],[25],[44]
Investment, Identifier [Axis]: ManTech International Corporation, First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18]				6,635
Ending balance		7,005	[20],[22],[35]		7,005	[20],[22],[35]		6,635	[16],[17],[18]
Investment, Identifier [Axis]: ManTech International Corporation, First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[40]				(6)
Ending balance		0	[20],[22],[26]		0	[20],[22],[26]		(6)	[17],[18],[25],[40]
Investment, Identifier [Axis]: MessageBird BidCo B.V., First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[19],[24]				59,850
Ending balance		30,000	[20],[21],[22],[23]		30,000	[20],[21],[22],[23]		59,850	[17],[18],[19],[24]
Investment, Identifier [Axis]: MessageBird Holding B.V., Extended Series C Warrants
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[19],[28],[29]				225
Ending balance		207	[22],[23],[30],[31]		207	[22],[23],[30],[31]		225	[18],[19],[28],[29]
Investment, Identifier [Axis]: Minerva Holdco, Inc. (dba Athenahealth, Inc.), Series A Preferred Stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[29],[32]				57,797
Ending balance		64,008	[22],[31],[33]		64,008	[22],[31],[33]		57,797	[18],[29],[32]
Investment, Identifier [Axis]: Ministry Brands Holdings, LLC, First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[24]				8,143
Ending balance		8,163	[20],[21],[22]		8,163	[20],[21],[22]		8,143	[17],[18],[24]
Investment, Identifier [Axis]: Ministry Brands Holdings, LLC, First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[24],[25]				378
Ending balance		(7)	[20],[22],[26],[27]		(7)	[20],[22],[26],[27]		378	[17],[18],[24],[25]
Investment, Identifier [Axis]: Minotaur Acquisition, Inc. (dba Inspira Financial), First lien senior secured delayed draw term loan 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[26],[27],[34]	(44)			(44)
Investment, Identifier [Axis]: Minotaur Acquisition, Inc. (dba Inspira Financial), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[21],[22]	61,174			61,174
Investment, Identifier [Axis]: Minotaur Acquisition, Inc. (dba Inspira Financial), First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[26],[27]	(54)			(54)
Investment, Identifier [Axis]: Monotype Imaging Holdings Inc., First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[26],[27],[34]	0			0
Investment, Identifier [Axis]: Monotype Imaging Holdings Inc., First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[35]	58,514			58,514
Investment, Identifier [Axis]: Monotype Imaging Holdings Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[26],[27]	(37)			(37)
Investment, Identifier [Axis]: Motus Group, LLC, Second lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[24]				17,689
Ending balance	[17],[18],[24]							17,689
Investment, Identifier [Axis]: NMI Acquisitionco, Inc. (dba Network Merchants), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[24]				24,484
Ending balance		24,418	[20],[21],[22]		24,418	[20],[21],[22]		24,484	[17],[18],[24]
Investment, Identifier [Axis]: NMI Acquisitionco, Inc. (dba Network Merchants), First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[40]				(6)
Ending balance		0	[20],[22],[26],[27]		0	[20],[22],[26],[27]		(6)	[17],[18],[25],[40]
Investment, Identifier [Axis]: Neptune Holdings, Inc. (dba NexTech), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[36]				4,301
Ending balance		4,357	[20],[21],[22]		4,357	[20],[21],[22]		4,301	[17],[18],[36]
Investment, Identifier [Axis]: Neptune Holdings, Inc. (dba NexTech), First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[40]				(15)
Ending balance		(3)	[20],[22],[26],[27]		(3)	[20],[22],[26],[27]		(15)	[17],[18],[25],[40]
Investment, Identifier [Axis]: Nylas, Inc., Series C Preferred Stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[28],[29]				7,906
Ending balance		4,170	[30],[31]		4,170	[30],[31]		7,906	[28],[29]
Investment, Identifier [Axis]: Oranje Holdco, Inc. (dba KnowBe4), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18]				12,690
Ending balance		12,818	[20],[22],[35]		12,818	[20],[22],[35]		12,690	[16],[17],[18]
Investment, Identifier [Axis]: Oranje Holdco, Inc. (dba KnowBe4), First lien senior secured loan 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[35]	5,317			5,317
Investment, Identifier [Axis]: Oranje Holdco, Inc. (dba KnowBe4), First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[40]				(16)
Ending balance		0	[20],[22],[26],[27]		0	[20],[22],[26],[27]		(16)	[17],[18],[25],[40]
Investment, Identifier [Axis]: PDI TA Holdings, Inc., First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[26],[27],[34]	(10)			(10)
Investment, Identifier [Axis]: PDI TA Holdings, Inc., First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[35]	8,921			8,921
Investment, Identifier [Axis]: PDI TA Holdings, Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[26],[27]	(9)			(9)
Investment, Identifier [Axis]: Par Technology Corporation, First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[35]	18,985			18,985
Investment, Identifier [Axis]: Paradigmatic Holdco LLC (dba Pluralsight), Common stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[22],[30],[31],[51]	26,850			26,850
Investment, Identifier [Axis]: Peraton Corp., Second lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18],[38]				83,916
Ending balance		79,165	[20],[22],[35],[43]		79,165	[20],[22],[35],[43]		83,916	[16],[17],[18],[38]
Investment, Identifier [Axis]: PetVet Care Centers, LLC, First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[40],[44]				(3)
Ending balance		(51)	[20],[22],[26],[27],[34]		(51)	[20],[22],[26],[27],[34]		(3)	[17],[18],[25],[40],[44]
Investment, Identifier [Axis]: PetVet Care Centers, LLC, First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[24]				38,838
Ending balance		38,177	[20],[21],[22]		38,177	[20],[21],[22]		38,838	[17],[18],[24]
Investment, Identifier [Axis]: PetVet Care Centers, LLC, First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[40]				(56)
Ending balance		(107)	[20],[22],[26],[27]		(107)	[20],[22],[26],[27]		(56)	[17],[18],[25],[40]
Investment, Identifier [Axis]: Picard Holdco, LLC, Series A Preferred Stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18],[29]				12,306
Ending balance	[16],[17],[18],[29]							12,306
Investment, Identifier [Axis]: Ping Identity Holding Corp., First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[24]				905
Ending balance		4,156	[20],[22],[35]		4,156	[20],[22],[35]		905	[17],[18],[24]
Investment, Identifier [Axis]: Ping Identity Holding Corp., First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[40]				0
Ending balance		0	[20],[22],[26],[27]		0	[20],[22],[26],[27]		0	[17],[18],[25],[40]
Investment, Identifier [Axis]: Pluralsight, LLC
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance					0
Gross Additions	[8]				87,564
Gross Reductions	[10]				0
Net Change in Unrealized Gain/(Loss)					0
Realized Gain/(Loss)					0
Transfers					0
Ending balance		87,564			87,564			0
Other Income					0
Interest Income					756
Investment, Identifier [Axis]: Pluralsight, LLC, First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[26],[51]	0			0
Investment, Identifier [Axis]: Pluralsight, LLC, First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18]				154,311
Ending balance	[16],[17],[18]							154,311
Investment, Identifier [Axis]: Pluralsight, LLC, First lien senior secured loan 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[35],[51]	30,357			30,357
Investment, Identifier [Axis]: Pluralsight, LLC, First lien senior secured loan 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[35],[51]	30,357			30,357
Investment, Identifier [Axis]: Pluralsight, LLC, First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18],[25]				7,445
Ending balance		0	[20],[22],[26],[51]		0	[20],[22],[26],[51]		7,445	[16],[17],[18],[25]
Investment, Identifier [Axis]: Project Alpine Co-Invest Fund, LP, LP Interest
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[19],[28],[29]				4,306
Ending balance		4,306	[22],[23],[30],[31]		4,306	[22],[23],[30],[31]		4,306	[18],[19],[28],[29]
Investment, Identifier [Axis]: Project Hotel California Co-Invest Fund, L.P., LP Interest
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[19],[28],[29]				3,045
Ending balance		3,053	[22],[23],[30],[31]		3,053	[22],[23],[30],[31]		3,045	[18],[19],[28],[29]
Investment, Identifier [Axis]: Project Power Buyer, LLC (dba PEC-Veriforce), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18]				51,712
Ending balance		51,572	[20],[22],[35]		51,572	[20],[22],[35]		51,712	[16],[17],[18]
Investment, Identifier [Axis]: Project Power Buyer, LLC (dba PEC-Veriforce), First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[40]				(19)
Ending balance		0	[20],[22],[26],[27]		0	[20],[22],[26],[27]		(19)	[17],[18],[25],[40]
Investment, Identifier [Axis]: Proofpoint, Inc., Second lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[24],[38]				55,413
Ending balance	[17],[18],[24],[38]							55,413
Investment, Identifier [Axis]: Pye-Barker Fire & Safety, LLC, First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[26],[34],[35]	743			743
Investment, Identifier [Axis]: Pye-Barker Fire & Safety, LLC, First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[35]	14,067			14,067
Investment, Identifier [Axis]: Pye-Barker Fire & Safety, LLC, First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[26],[35]	327			327
Investment, Identifier [Axis]: QAD, Inc., First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[24]				85,716
Ending balance		88,393	[20],[21],[22]		88,393	[20],[21],[22]		85,716	[17],[18],[24]
Investment, Identifier [Axis]: QAD, Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[40]				(171)
Ending balance		0	[20],[22],[26]		0	[20],[22],[26]		(171)	[17],[18],[25],[40]
Investment, Identifier [Axis]: REALPAGE, INC., Second lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[24],[38]				52,369
Ending balance	[17],[18],[24],[38]							52,369
Investment, Identifier [Axis]: RL Datix Holdings (USA), Inc., First lien senior secured GBP term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[41]	29,949			29,949
Investment, Identifier [Axis]: RL Datix Holdings (USA), Inc., First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[19],[36],[44]				14,600
Ending balance		0	[20],[22],[26],[34]		0	[20],[22],[26],[34]		14,600	[17],[18],[19],[36],[44]
Investment, Identifier [Axis]: RL Datix Holdings (USA), Inc., First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[35]	48,213			48,213
Investment, Identifier [Axis]: RL Datix Holdings (USA), Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[19],[25],[36]				1,222
Ending balance		(96)	[20],[22],[26],[27]		(96)	[20],[22],[26],[27]		1,222	[17],[18],[19],[25],[36]
Investment, Identifier [Axis]: RL Datix Holdings (USA), Inc., Second lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[19],[36]				22,333
Ending balance	[17],[18],[19],[36]							22,333
Investment, Identifier [Axis]: RealPage, Inc., Second lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[21],[22],[43]	50,285			50,285
Investment, Identifier [Axis]: Relativity ODA LLC, First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[24]				131,681
Ending balance		91,752	[20],[21],[22]		91,752	[20],[21],[22]		131,681	[17],[18],[24]
Investment, Identifier [Axis]: Relativity ODA LLC, First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[40]				0
Ending balance		(32)	[20],[22],[26],[27]		(32)	[20],[22],[26],[27]		0	[17],[18],[25],[40]
Investment, Identifier [Axis]: Replicated, Inc., Series C Preferred Stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[28],[29]				12,747
Ending balance		10,502	[30],[31]		10,502	[30],[31]		12,747	[28],[29]
Investment, Identifier [Axis]: Revolut Ribbit Holdings, LLC
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance					66,509		66,509	66,509
Gross Additions					0	[8],[12]		11	[13]
Gross Reductions					0	[10],[14]		0	[15]
Net Change in Unrealized Gain/(Loss)					39,934			(11)
Realized Gain/(Loss)					0			0
Transfers					0			0
Ending balance		106,443			106,443			66,509
Other Income					0			0
Interest Income					0			0
Investment, Identifier [Axis]: Revolut Ribbit Holdings, LLC, LLC Interest
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[19],[28],[29],[53]				66,509
Ending balance		106,443	[23],[30],[31],[54]		106,443	[23],[30],[31],[54]		66,509	[19],[28],[29],[53]
Investment, Identifier [Axis]: Robinhood Markets, Inc., Common stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[19],[28],[47]				30,780
Ending balance	[18],[19],[28],[47]							30,780
Investment, Identifier [Axis]: Romulus Intermediate Holdings 1 Inc. (dba PetVet Care Centers), Series A Preferred Stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[22],[31],[33]	4,799			4,799
Investment, Identifier [Axis]: Romulus Intermediate Holdings 1 Inc. (dba PetVet), Series A Preferred Stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[29],[32]				4,331
Ending balance	[18],[29],[32]							4,331
Investment, Identifier [Axis]: Rubrik, Inc., First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18],[25],[44]				132
Ending balance		1,192	[20],[22],[26],[34],[35]		1,192	[20],[22],[26],[34],[35]		132	[16],[17],[18],[25],[44]
Investment, Identifier [Axis]: Rubrik, Inc., First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[35]	10,394			10,394
Investment, Identifier [Axis]: Rubrik, Inc., First lien senior secured term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18]				10,290
Ending balance	[16],[17],[18]							10,290
Investment, Identifier [Axis]: SLA Eclipse Co-Invest, L.P., LP Interest
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[19],[28],[29],[38]				18,110
Ending balance		17,010	[23],[30],[31],[43]		17,010	[23],[30],[31],[43]		18,110	[19],[28],[29],[38]
Investment, Identifier [Axis]: SailPoint Technologies Holdings, Inc., First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[24]				45,298
Ending balance		45,526	[20],[22],[35]		45,526	[20],[22],[35]		45,298	[17],[18],[24]
Investment, Identifier [Axis]: SailPoint Technologies Holdings, Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[40]				(33)
Ending balance		(11)	[20],[22],[26],[27]		(11)	[20],[22],[26],[27]		(33)	[17],[18],[25],[40]
Investment, Identifier [Axis]: Salinger Bidco Inc. (dba Surgical Information Systems), First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[26],[27],[34]	(9)			(9)
Investment, Identifier [Axis]: Salinger Bidco Inc. (dba Surgical Information Systems), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[35]	12,005			12,005
Investment, Identifier [Axis]: Salinger Bidco Inc. (dba Surgical Information Systems), First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[26],[27]	(21)			(21)
Investment, Identifier [Axis]: Saturn Ultimate, Inc., Common stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[28],[29]				49,121
Ending balance		51,050	[22],[30],[31]		51,050	[22],[30],[31]		49,121	[18],[28],[29]
Investment, Identifier [Axis]: Securiti, Inc., Series C Preferred Shares
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[22],[30],[31]	20,000			20,000
Investment, Identifier [Axis]: Securiti, Inc., Series C Preferred Stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[28],[29]				18,596
Ending balance	[18],[28],[29]							18,596
Investment, Identifier [Axis]: Securonix, Inc., First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18]				18,538
Ending balance		17,401	[20],[22],[35]		17,401	[20],[22],[35]		18,538	[16],[17],[18]
Investment, Identifier [Axis]: Securonix, Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[40]				(222)
Ending balance		(347)	[20],[22],[26],[35]		(347)	[20],[22],[26],[35]		(222)	[17],[18],[25],[40]
Investment, Identifier [Axis]: Signifyd Inc.
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance					110,500		109,216	109,216
Gross Additions					5,653	[8]		10,720	[9]
Gross Reductions					0	[10]		0	[11]
Net Change in Unrealized Gain/(Loss)					5,062			(9,436)
Realized Gain/(Loss)					0			0
Transfers					0			0
Ending balance		121,215			121,215			110,500
Other Income					8,700			10,720
Interest Income					0			0
Investment, Identifier [Axis]: Signifyd Inc., Preferred equity
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[31],[33],[51]	121,215			121,215
Investment, Identifier [Axis]: Signifyd Inc., Series E Preferred Shares
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[29],[32],[50]				110,500
Ending balance	[29],[32],[50]							110,500
Investment, Identifier [Axis]: Simpler Postage, Inc. (dba Easypost), First lien senior secured delayed draw term loan 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[26],[27],[34]	(25)			(25)
Investment, Identifier [Axis]: Simpler Postage, Inc. (dba Easypost), First lien senior secured delayed draw term loan 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[26],[34]	0			0
Investment, Identifier [Axis]: Simpler Postage, Inc. (dba Easypost), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[21],[22]	17,863			17,863
Investment, Identifier [Axis]: Simpler Postage, Inc. (dba Easypost), Warrants
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[22],[30],[31]	827			827
Investment, Identifier [Axis]: SimpliSafe Holding Corporation, First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[24],[25],[44]				27
Ending balance	[17],[18],[24],[25],[44]							27
Investment, Identifier [Axis]: SimpliSafe Holding Corporation, First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[24]				803
Ending balance		907	[20],[21],[22]		907	[20],[21],[22]		803	[17],[18],[24]
Investment, Identifier [Axis]: Sitecore Holding III A/S, First lien senior secured EUR term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[55]				58,201
Ending balance		61,130	[20],[22]		61,130	[20],[22]		58,201	[17],[18],[55]
Investment, Identifier [Axis]: Sitecore Holding III A/S, First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[36]				8,968
Ending balance		9,358	[20],[22],[35]		9,358	[20],[22],[35]		8,968	[17],[18],[36]
Investment, Identifier [Axis]: Sitecore USA, Inc., First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[36]				54,065
Ending balance		56,419	[20],[22],[35]		56,419	[20],[22],[35]		54,065	[17],[18],[36]
Investment, Identifier [Axis]: Smarsh Inc., First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18],[25],[44]				5,510
Ending balance		5,524	[20],[22],[26],[34],[35]		5,524	[20],[22],[26],[34],[35]		5,510	[16],[17],[18],[25],[44]
Investment, Identifier [Axis]: Smarsh Inc., First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18]				44,080
Ending balance		44,190	[20],[22],[35]		44,190	[20],[22],[35]		44,080	[16],[17],[18]
Investment, Identifier [Axis]: Smarsh Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[40]				(1)
Ending balance		0	[20],[22],[26],[27]		0	[20],[22],[26],[27]		(1)	[17],[18],[25],[40]
Investment, Identifier [Axis]: Space Exploration Technologies Corp., Class A Common Stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[28],[29]				38,576
Ending balance		46,963	[22],[30],[31]		46,963	[22],[30],[31]		38,576	[18],[28],[29]
Investment, Identifier [Axis]: Space Exploration Technologies Corp., Class C Common Stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[28],[29]				7,750
Ending balance		9,436	[22],[30],[31]		9,436	[22],[30],[31]		7,750	[18],[28],[29]
Investment, Identifier [Axis]: Split Software, Inc.
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance					22,484		27,836	27,836
Gross Additions					0	[8]		0	[9]
Gross Reductions					(13,140)	[10]		0	[11]
Net Change in Unrealized Gain/(Loss)					7,521			(5,352)
Realized Gain/(Loss)					(16,865)			0
Transfers					0			0
Ending balance		0			0			22,484
Other Income					0			0
Interest Income					0			0
Investment, Identifier [Axis]: Split Software, Inc., Series D Non-Participating Convertible Preferred Stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[28],[29],[50]				22,484
Ending balance	[28],[29],[50]							22,484
Investment, Identifier [Axis]: Storable, Inc., First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[21],[22],[43]	4,983			4,983
Investment, Identifier [Axis]: Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand, Inc.), Series A Preferred Stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[29],[32]				29,769
Ending balance		31,886	[22],[31],[33]		31,886	[22],[31],[33]		29,769	[18],[29],[32]
Investment, Identifier [Axis]: TG THERAPEUTICS, INC., First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[35]	12,406			12,406
Investment, Identifier [Axis]: TK Operations Ltd (dba Travelperk, Inc.), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[22],[33]	19,798			19,798
Investment, Identifier [Axis]: Talon MidCo 2 Limited (dba Tufin), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[21],[22],[23]	2,700			2,700
Investment, Identifier [Axis]: Talon MidCo 2 Limited (dba Tufin), First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[23],[26],[27]	0			0
Investment, Identifier [Axis]: Talon MidCo 2 Limited, First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[19],[25],[44]				0
Ending balance	[17],[18],[19],[25],[44]							0
Investment, Identifier [Axis]: Talon MidCo 2 Limited, First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18],[19]				2,617
Ending balance	[16],[17],[18],[19]							2,617
Investment, Identifier [Axis]: Talon MidCo 2 Limited, First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[19],[25],[40]				(1)
Ending balance	[17],[18],[19],[25],[40]							(1)
Investment, Identifier [Axis]: Tamarack Intermediate, L.L.C. (dba Verisk 3E), First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18],[25],[44]				373
Ending balance	[16],[17],[18],[25],[44]							373
Investment, Identifier [Axis]: Tamarack Intermediate, L.L.C. (dba Verisk 3E), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18]				10,237
Ending balance		12,056	[20],[22],[35]		12,056	[20],[22],[35]		10,237	[16],[17],[18]
Investment, Identifier [Axis]: Tamarack Intermediate, L.L.C. (dba Verisk 3E), First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[40]				(21)
Ending balance		(13)	[20],[22],[26],[27]		(13)	[20],[22],[26],[27]		(21)	[17],[18],[25],[40]
Investment, Identifier [Axis]: Thunder Purchaser, Inc. (dba Vector Solutions), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18]				140,134
Ending balance		139,757	[20],[22],[35]		139,757	[20],[22],[35]		140,134	[16],[17],[18]
Investment, Identifier [Axis]: Thunder Purchaser, Inc. (dba Vector Solutions), First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18],[25]				6,581
Ending balance		9,112	[20],[22],[26],[35]		9,112	[20],[22],[26],[35]		6,581	[16],[17],[18],[25]
Investment, Identifier [Axis]: Thunder Topco L.P. (dba Vector Solutions), Common Units
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[28],[29]				8,720
Ending balance		8,819	[22],[30],[31]		8,819	[22],[30],[31]		8,720	[18],[28],[29]
Investment, Identifier [Axis]: Toast, Inc., Common stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[28],[47]				5,890
Ending balance	[28],[47]							5,890
Investment, Identifier [Axis]: Toast, Inc., Warrants
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[28],[29]				46,428
Ending balance	[28],[29]							46,428
Investment, Identifier [Axis]: Transact Holdings Inc., First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[24],[38]				8,521
Ending balance	[17],[18],[24],[38]							8,521
Investment, Identifier [Axis]: TravelPerk, Inc., Warrants
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[22],[30],[31]	1,411			1,411
Investment, Identifier [Axis]: VEPF Torreys Aggregator, LLC (dba MINDBODY, Inc.), Series A Preferred Stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[29],[32]				28,019
Ending balance		30,109	[22],[31],[33]		30,109	[22],[31],[33]		28,019	[18],[29],[32]
Investment, Identifier [Axis]: Velocity HoldCo III Inc. (dba VelocityEHS), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18]				40,625
Ending balance		40,312	[20],[22],[35]		40,312	[20],[22],[35]		40,625	[16],[17],[18]
Investment, Identifier [Axis]: Velocity HoldCo III Inc. (dba VelocityEHS), First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18],[25]				313
Ending balance		0	[20],[22],[26],[27]		0	[20],[22],[26],[27]		313	[16],[17],[18],[25]
Investment, Identifier [Axis]: Vestwell Holdings, Inc., Series D Preferred Stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[28],[29]				3,000
Ending balance		3,000	[22],[30],[31]		3,000	[22],[30],[31]		3,000	[18],[28],[29]
Investment, Identifier [Axis]: WMC Bidco, Inc. (dba West Monroe), Senior Preferred Stock
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[29],[32]				68,634
Ending balance		75,472	[22],[31],[33]		75,472	[22],[31],[33]		68,634	[18],[29],[32]
Investment, Identifier [Axis]: Walker Edison Furniture Company LLC
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance					14,992		$ 0	0
Gross Additions					2,593	[8]		23,385	[9]
Gross Reductions					0	[10]		0	[11]
Net Change in Unrealized Gain/(Loss)					(8,983)			(8,393)
Realized Gain/(Loss)					0			0
Transfers					0			0
Ending balance		8,602			8,602			14,992
Other Income					13			0
Interest Income					0			0
Investment, Identifier [Axis]: Walker Edison Furniture Company LLC, First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[44],[50],[56]				(225)
Ending balance		893	[20],[22],[26],[35],[51],[57]		893	[20],[22],[26],[35],[51],[57]		(225)	[17],[18],[25],[44],[50],[56]
Investment, Identifier [Axis]: Walker Edison Furniture Company LLC, First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[24],[50],[56]				9,992
Ending balance		4,619	[20],[22],[35],[51],[57]		4,619	[20],[22],[35],[51],[57]		9,992	[17],[18],[24],[50],[56]
Investment, Identifier [Axis]: Walker Edison Furniture Company LLC, First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[24],[50],[56]				4,202
Ending balance		3,090	[20],[22],[35],[51],[57]		3,090	[20],[22],[35],[51],[57]		4,202	[17],[18],[24],[50],[56]
Investment, Identifier [Axis]: Walker Edison Holdco LLC, Common Units
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[28],[29],[50]				1,023
Ending balance		0	[22],[30],[31],[51]		0	[22],[30],[31],[51]		1,023	[18],[28],[29],[50]
Investment, Identifier [Axis]: When I Work, Inc., First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18]				33,221
Ending balance		34,597	[20],[22],[35]		34,597	[20],[22],[35]		33,221	[16],[17],[18]
Investment, Identifier [Axis]: When I Work, Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[40]				(98)
Ending balance		(168)	[20],[22],[26],[27]		(168)	[20],[22],[26],[27]		(98)	[17],[18],[25],[40]
Investment, Identifier [Axis]: Wp Irving Co-Invest, L.P., Partnership Units
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[19],[28],[29]				1,258
Ending balance		1,276	[22],[23],[30],[31]		1,276	[22],[23],[30],[31]		1,258	[18],[19],[28],[29]
Investment, Identifier [Axis]: XOMA Corporation, Warrants
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[28],[29]				82
Ending balance		148	[22],[30],[31]		148	[22],[30],[31]		82	[18],[28],[29]
Investment, Identifier [Axis]: XPLOR T1, LLC, First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[20],[22],[35]	5,025			5,025
Investment, Identifier [Axis]: XRL 1 LLC (dba XOMA), First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[22],[26],[27],[33],[34]	(15)			(15)
Investment, Identifier [Axis]: XRL 1 LLC (dba XOMA), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Ending balance	[22],[33]	12,125			12,125
Investment, Identifier [Axis]: XRL 1 LLC (f/k/a XOMA), First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[25],[32],[40],[44]				(23)
Ending balance	[18],[25],[32],[40],[44]							(23)
Investment, Identifier [Axis]: XRL 1 LLC (f/k/a XOMA), First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[32]				12,708
Ending balance	[18],[32]							12,708
Investment, Identifier [Axis]: Zendesk, Inc., First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[40],[44]				(32)
Ending balance		0	[20],[22],[26],[27],[34]		0	[20],[22],[26],[27],[34]		(32)	[17],[18],[25],[40],[44]
Investment, Identifier [Axis]: Zendesk, Inc., First lien senior secured loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[16],[17],[18]				52,370
Ending balance		53,033	[20],[22],[35]		53,033	[20],[22],[35]		52,370	[16],[17],[18]
Investment, Identifier [Axis]: Zendesk, Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[17],[18],[25],[40]				(67)
Ending balance		0	[20],[22],[26],[27]		0	[20],[22],[26],[27]		(67)	[17],[18],[25],[40]
Investment, Identifier [Axis]: Zoro TopCo, Inc., Series A Preferred Equity
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[29],[32]				7,791
Ending balance		8,940	[22],[31],[33]		8,940	[22],[31],[33]		7,791	[18],[29],[32]
Investment, Identifier [Axis]: Zoro TopCo, L.P., Class A Common Units
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Beginning balance	[18],[28],[29]				6,455
Ending balance		$ 6,455	[22],[30],[31]		$ 6,455	[22],[30],[31]		$ 6,455	[18],[28],[29]

[1] Certain portfolio company investments are subject to contractual restrictions on sales. Refer to footnote 19 for additional information on our restricted securities.

[2] Unless otherwise indicated, all investments are considered Level 3 investments.

[3] Unless otherwise indicated, all investments are non-controlled, non-affiliated investments. Non-controlled, non-affiliated investments are defined as investments in which the Company owns less than 5% of the portfolio company’s outstanding voting securities and does not have the power to exercise control over the management or policies of such portfolio company.

[4] Unless otherwise indicated, the Company’s portfolio companies are pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility, SPV Asset Facility I, SPV Asset Facility II and CLO 2020-1. See Note 5 “Debt”.

[5] Certain portfolio company investments are subject to contractual restrictions on sales. Refer to footnote 19 for additional information on our restricted securities.

[6] Unless otherwise indicated, all investments are non-controlled, non-affiliated investments. Non-controlled, non-affiliated investments are defined as investments in which the Company owns less than 5% of the portfolio company’s outstanding voting securities and does not have the power to exercise control over the management or policies of such portfolio company.

[7] Unless otherwise indicated, the Company’s portfolio companies are pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility, SPV Asset Facility I, SPV Asset Facility II and CLO 2020-1. See Note 5 “Debt”.

[8] Gross additions include increases in the cost basis of investments resulting from new investments, payment-in-kind interest or dividends, and the amortization of any unearned income or discounts on equity investments, as applicable.

[9] Gross additions include increases in the cost basis of investments resulting from new investments, payment-in-kind interest or dividends, and the amortization of any unearned income or discounts on equity investments, as applicable.

[10] Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, and the amortization of any premiums on equity investments, as applicable.

[11] Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, and the amortization of any premiums on equity investments, as applicable.

[12] Gross additions include increases in the cost basis of investments resulting from new investments, payment-in-kind interest or dividends, and the amortization of any unearned income or discounts on equity investments, as applicable.

[13] Gross additions include increases in the cost basis of investments resulting from new investments, payment-in-kind interest or dividends, and the amortization of any unearned income or discounts on equity investments, as applicable.

[14] Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, and the amortization of any premiums on equity investments, as applicable.

[15] Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, and the amortization of any premiums on equity investments, as applicable.

[16] The interest rate on these loans is subject to 3 month SOFR, which as of December 31, 2023 was 5.33%.

[17] Unless otherwise indicated, loan contains a variable rate structure and may be subject to an interest rate floor. Variable rate loans bear interest at a rate that may be determined by reference to either the Secured Overnight Financing Rate (“SOFR” or “SR”, which can include one-, three- or six-month SOFR), Euro Interbank Offered Rate (“EURIBOR” or “E”, which can include three- or six-month EURIBOR), or Sterling Overnight Interbank Average Rate (“SONIA” or “SA”) at the borrower’s option, and which reset periodically based on the terms of the loan agreement.

[18] Represents co-investment made with the Company’s affiliates in accordance with the terms of an order for exemptive relief that an affiliate of the Company's investment adviser received from the U.S. Securities and Exchange Commission. See Note 3 “Agreements and Related Party Transactions”.

[19] This portfolio company is not a qualifying asset under Section 55(a) of the 1940 Act. Under the 1940 Act, the Company may not acquire any non-qualifying asset unless, at the time such acquisition is made, qualifying assets represent at least 70% of total assets. As of December 31, 2023, non-qualifying assets represented 16.5% of total assets as calculated in accordance with the regulatory requirements.

[20] Unless otherwise indicated, loan contains a variable rate structure and may be subject to an interest rate floor. Variable rate loans bear interest at a rate that may be determined by reference to either the Secured Overnight Financing Rate (“SOFR” or “S”, which can include one-, three- or six-month SOFR), Euro Interbank Offered Rate (“EURIBOR” or “E”, which can include three- or six-month EURIBOR), or Sterling Overnight Interbank Average Rate (“SONIA” or “SA”), at the borrower’s option, and which reset periodically based on the terms of the loan agreement.

[21] The interest rate on these loans is subject to 1 month SOFR, which as of September 30, 2024 was 4.85%.

[22] Represents co-investment made with the Company’s affiliates in accordance with the terms of an order for exemptive relief that an affiliate of the Company’s investment adviser received from the U.S. Securities and Exchange Commission. See Note 3 “Agreements and Related Party Transactions”.

[23] This portfolio company is not a qualifying asset under Section 55(a) of the 1940 Act. Under the 1940 Act, the Company may not acquire any non-qualifying asset unless, at the time such acquisition is made, qualifying assets represent at least 70% of total assets. As of September 30, 2024, non-qualifying assets represented 15.7% of total assets as calculated in accordance with the regulatory requirements.

[24] The interest rate on these loans is subject to 1 month SOFR, which as of December 31, 2023 was 5.35%.

[25] Position or portion thereof is an unfunded loan commitment. See Note 7 “Commitments and Contingencies”.

[26] Position or portion thereof is an unfunded loan commitment. See Note 7 “Commitments and Contingencies”.

[27] The negative cost is the result of the capitalized discount being greater than the principal amount outstanding on the loan. The negative fair value is the result of the capitalized discount on the loan.

[28] Non-income producing investment.

[29] Security acquired in transaction exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), and may be deemed to be “restricted securities“ under the Securities Act. As of December 31, 2023, the aggregate fair value of these securities is $1.2 billion or 34.6% of the Company’s net assets. The acquisition dates of the restricted securities are as follows: Portfolio CompanyInvestmentAcquisition Date6Sense Insights, Inc.Series E-1 Preferred StockJanuary 20, 2022AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLCLLC InterestJuly 1, 2022AAM Series 2.1 Aviation Feeder, LLCLLC InterestJuly 1, 2022Algolia, Inc.Series C Preferred StockAugust 30, 2019Algolia, Inc.Series D Preferred StockJuly 19, 2021Project Alpine Co-Invest Fund, LPLP InterestJune 13, 2022Alpha Partners Technology Merger CorpCommon Stock WarrantsJuly 28, 2021Amergin Asset Management, LLCClass A UnitsJuly 1, 2022Arctic Wolf Networks, Inc.Preferred StockJuly 7, 2021BCTO WIW Holdings, Inc. (dba When I Work)Class A Common StockNovember 2, 2021BEHP Co-Investor II, L.P.LP InterestMay 11, 2022Blend Labs, Inc.WarrantsJuly 2, 2021Bolt Technology OÜPreferred StockDecember 10, 2021Brooklyn Lender Co-Invest 2, L.P. (dba Boomi)Common UnitsOctober 1, 2021Brex, Inc.Preferred StockNovember 30, 2021Circle Internet Services, Inc.Series D Preferred StockMay 20, 2019Circle Internet Services, Inc.Series E Preferred StockFebruary 28, 2020Circle Internet Services, Inc.Series F Preferred StockMay 4, 2021Circle Internet Services, Inc.WarrantsMay 20, 2019Diligent Preferred Issuer, Inc. (dba Diligent Corporation)Preferred StockApril 6, 2021Dodge Construction Network Holdings, L.P.Class A-2 Common UnitsFebruary 23, 2022Dodge Construction Network Holdings, L.P.Series A Preferred UnitsFebruary 23, 2022Elliott Alto Co-Investor Aggregator L.P.LP InterestSeptember 27, 2022EShares, Inc. (dba Carta)Series E Preferred StockAugust 1, 2019Exabeam, Inc.Series F-1 Preferred StockMay 12, 2023Fifth Season Investments LLCClass A UnitsJuly 18, 2022Halo Parent Newco, LLCClass H PIK Preferred EquityOctober 15, 2021 Portfolio CompanyInvestmentAcquisition DateHelp HP SCF Investor, LPLP InterestApril 28, 2021Project Hotel California Co-Invest Fund, L.P.LP InterestAugust 9, 2022Illumio, Inc.Common stockJune 23, 2021Illumio, Inc.Series F Preferred StockAugust 27, 2021Insight CP (Blocker) Holdings, L.P. (dba CivicPlus, LLC)LP InterestJune 8, 2022JumpCloud, Inc.Series B Preferred StockDecember 30, 2021JumpCloud, Inc.Series F Preferred StockSeptember 3, 2021Kajabi Holdings, LLCSenior Preferred Class D UnitsMarch 24, 2021Klaviyo, Inc.Common stockMay 4, 2021Knockout Intermediate Holdings I Inc. (dba Kaseya Inc.)Perpetual Preferred StockJune 22, 2022KWOL Acquisition Inc.Common stockDecember 12, 2023Linked Store Cayman Ltd. (dba Nuvemshop)Series E Preferred StockAugust 9, 2021LSI Financing 1 DACPreferred EquityDecember 14, 2022MessageBird Holding B.V.Extended Series C WarrantsMay 5, 2021Minerva Holdco, Inc. (dba Athenahealth, Inc.)Series A Preferred StockFebruary 15, 2022Nylas, Inc.Series C Preferred StockJune 3, 2021Picard Holdco, LLCSeries A Preferred StockSeptember 30, 2022Replicated, Inc.Series C Preferred StockJune 30, 2021Revolut Ribbit Holdings, LLCOrdinary SharesSeptember 30, 2021Romulus Intermediate Holdings 1 Inc. (dba PetVet)Series A Preferred StockNovember 15, 2023Saturn Ultimate, Inc.Common stockDecember 29, 2021Securiti, Inc.Series C Preferred StockJuly 28, 2022Signifyd Inc.Series E Preferred SharesApril 8, 2021SLA Eclipse Co-Invest, L.P.LP InterestSeptember 30, 2019Space Exploration Technologies Corp.Class A Common StockMarch 25, 2021Space Exploration Technologies Corp.Class C Common StockMarch 25, 2021Split Software, Inc.Series D Non-Participating Convertible Preferred StockAugust 13, 2021Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand, Inc.)Series A Preferred StockOctober 15, 2021Thunder Topco L.P. (dba Vector Solutions)Common UnitsJune 30, 2021Toast, Inc.WarrantsJune 21, 2021VEPF Torreys Aggregator, LLC (dba MINDBODY, Inc.)Series A Preferred StockOctober 15, 2021Vestwell Holdings, Inc.Series D Preferred StockDecember 20, 2023Walker Edison Holdco LLCCommon UnitsMarch 1, 2023WMC Bidco, Inc. (dba West Monroe)Senior Preferred StockNovember 9, 2021WP Irving Co-Invest, L.P.Partnership UnitsMay 18, 2022XOMA CorporationWarrantsDecember 15, 2023Zoro TopCo, Inc.Series A Preferred EquityNovember 22, 2022Zoro TopCo, L.P.Class A Common UnitsNovember 22, 2022

[30] Non-income producing investment.

[31] Security acquired in transaction exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), and may be deemed to be “restricted securities” under the Securities Act. As of September 30, 2024, the aggregate fair value of these securities is $1.27 billion or 36.3% of the Company’s net assets. The acquisition dates of the restricted securities are as follows: Portfolio CompanyInvestmentAcquisition Date6Sense Insights, Inc.Series E-1 Preferred StockJanuary 20, 2022AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLCLLC InterestJuly 1, 2022AAM Series 2.1 Aviation Feeder, LLCLLC interestJuly 1, 2022Algolia, Inc.Series C Preferred StockAugust 30, 2019Algolia, Inc.Series D Preferred StockJuly 19, 2021Project Alpine Co-Invest Fund, LPLP InterestJune 13, 2022AlphaSense, LLCSeries E Preferred SharesJune 27, 2024Alpha Partners Technology Merger CorpWarrantsJuly 28, 2021Amergin Asset Management, LLCClass A UnitsJuly 1, 2022Arctic Wolf Networks, Inc.Preferred StockJuly 7, 2021BCTO WIW Holdings, Inc. (dba When I Work)Class A Common StockNovember 2, 2021BEHP Co-Investor II, L.P.LP InterestMay 11, 2022Blend Labs, Inc.WarrantsJuly 2, 2021Blue Owl Credit SLF LLCLLC InterestAugust 1, 2024Bolt Technology OÜPreferred StockDecember 10, 2021Brooklyn Lender Co-Invest 2, L.P. (dba Boomi)Common UnitsOctober 1, 2021Brex, Inc.Preferred StockNovember 30, 2021Circle Internet Services, Inc.Series D Preferred StockMay 20, 2019Circle Internet Services, Inc.Series E Preferred StockFebruary 28, 2020Circle Internet Services, Inc.Series F Preferred StockMay 4, 2021Circle Internet Services, Inc.Subordinated Convertible SecurityApril 12, 2024Circle Internet Services, Inc.WarrantsMay 20, 2019CloudPay, Inc.Series E Preferred StockJuly 31, 2024Diligent Preferred Issuer, Inc. (dba Diligent Corporation)Preferred StockApril 6, 2021Dodge Construction Network Holdings, L.P.Class A-2 Common UnitsFebruary 23, 2022Dodge Construction Network Holdings, L.P.Series A Preferred UnitsFebruary 23, 2022Elliott Alto Co-Investor Aggregator L.P.LP InterestSeptember 27, 2022EShares, Inc. (dba Carta)Series E Preferred StockAugust 1, 2019Excalibur CombineCo, L.P.Class A UnitsJuly 2, 2024Fifth Season Investments LLCClass A UnitsJuly 18, 2022Halo Parent Newco, LLCClass H PIK Preferred EquityOctober 15, 2021Harness, Inc.Series D Preferred StockMay 24, 2024Help HP SCF Investor, LPLP InterestApril 28, 2021Project Hotel California Co-Invest Fund, L.P.LP InterestAugust 9, 2022Illumio, Inc.Common stockJune 23, 2021Illumio, Inc.Series F Preferred StockAugust 27, 2021Insight CP (Blocker) Holdings, L.P. (dba CivicPlus, LLC)LP InterestJune 8, 2022JumpCloud, Inc.Series B Preferred StockDecember 30, 2021JumpCloud, Inc.Series F Preferred StockSeptember 3, 2021Kajabi Holdings, LLCSenior Preferred Class D UnitsMarch 24, 2021Klaviyo, Inc.Series B Common StockMay 4, 2021KWOL Acquisition Inc. (dba Worldwide Clinical Trials)Class A InterestDecember 12, 2023Knockout Intermediate Holdings I Inc. (dba Kaseya Inc.)Perpetual Preferred StockJune 22, 2022Linked Store Cayman Ltd. (dba Nuvemshop)Series E Preferred StockAugust 9, 2021 Portfolio CompanyInvestmentAcquisition DateLSI Financing 1 DACSeries 1 NotesDecember 14, 2022MessageBird Holding B.V.Extended Series C WarrantsMay 5, 2021Minerva Holdco, Inc.Senior A Preferred StockFebruary 15, 2022Nylas, Inc.Series C Preferred StockJune 3, 2021Pluralsight, LLCCommon stockAugust 22, 2024Replicated, Inc.Series C Preferred StockJune 30, 2021Revolut Ribbit Holdings, LLCOrdinary SharesSeptember 30, 2021Romulus Intermediate Holdings 1 Inc. (dba PetVet Care Centers)Series A Preferred StockNovember 15, 2023Saturn Ultimate, Inc.Common stockDecember 29, 2021Securiti, Inc.Series C Preferred SharesJuly 28, 2022Signifyd Inc.Preferred equityApril 8, 2021Simpler Postage, Inc. (dba Easypost)WarrantsJune 11, 2024SLA Eclipse Co-Invest, L.P.LP InterestSeptember 30, 2019Space Exploration Technologies Corp.Class A Common StockMarch 25, 2021Space Exploration Technologies Corp.Class C Common StockMarch 25, 2021Sunshine Software Holdings, Inc. (dba Cornerstone OnDemand, Inc.)Series A Preferred StockOctober 15, 2021Thunder Topco L.P. (dba Vector Solutions)Common UnitsJune 30, 2021TravelPerk, Inc.WarrantsMay 1, 2024VEPF Torreys Aggregator, LLC (dba MINDBODY, Inc.)Series A Preferred StockOctober 15, 2021Vestwell Holdings, Inc.Series D Preferred StockDecember 20, 2023Walker Edison Holdco LLCCommon UnitsMarch 1, 2023WMC Bidco, Inc. (dba West Monroe)Senior Preferred StockNovember 9, 2021WP Irving Co-Invest, L.P.Partnership UnitsMay 18, 2022XOMA CorporationWarrantsDecember 15, 2023Zoro TopCo, Inc.Series A Preferred EquityNovember 22, 2022Zoro TopCo, L.P.Class A Common UnitsNovember 22, 2022

[32] Contains a fixed-rate structure.

[33] Contains a fixed-rate structure.

[34] The date disclosed represents the commitment period of the unfunded term loan. Upon expiration of the commitment period, the funded portion of the term loan may be subject to a longer maturity date.

[35] The interest rate on these loans is subject to 3 month SOFR, which as of September 30, 2024 was 4.59%.

[36] The interest rate on these loans is subject to 6 month SOFR, which as of December 31, 2023 was 5.16%.

[37] The interest rate on these loans is subject to 6 month SOFR, which as of September 30, 2024 was 4.25%.

[38] Level 2 investment.

[39] Level 1 investment.

[40] The negative cost is the result of the capitalized discount being greater than the principal amount outstanding on the loan. The negative fair value is the result of the capitalized discount on the loan.

[41] The interest rate on these loans is subject to SONIA, which as of September 30, 2024 was 4.95%.

[42] The interest rate on these loans is subject to SONIA, which as of December 31, 2023 was 5.19%.

[43] Level 2 investment.

[44] The date disclosed represents the commitment period of the unfunded term loan. Upon expiration of the commitment period, the funded portion of the term loan may be subject to a longer maturity date.

[45] The interest rate on these loans is subject to 3 month EURIBOR, which as of December 31, 2023 was 3.91%.

[46] The interest rate on these loans is subject to 3 month EURIBOR, which as of September 30, 2024 was 3.28%.

[47] Level 1 investment.

[48] This portfolio company is not pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility, SPV Asset Facility I, SPV Asset Facility II and CLO 2020-1. See Note 5 “Debt”.

[49] This portfolio company is not pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility, SPV Asset Facility I, SPV Asset Facility II and CLO 2020-1. See Note 5 “Debt”.

[50] Under the Investment Company Act of 1940, as amended (the “1940 Act”), the Company is deemed to be an “Affiliated Person” of, as defined in the 1940 Act, this portfolio company, as the Company owns more than 5% of the portfolio company’s outstanding voting securities. Transactions during the period ended December 31, 2023 in which the Company was an Affiliated Person of the portfolio company are as follows: CompanyFair Value at December 31, 2022Gross Additions(a)Gross Reductions(b)Net Change in Unrealized
Gain/(Loss)Realized Gain/(Loss)TransfersFair Value at December 31, 2023Other IncomeInterest IncomeFifth Season Investments LLC$25,110 $18,646 $— $148 $— $— $43,904 $1,390 $— Help HP SCF Investor, LP65,192 — — 2,029 — — 67,221 — — LSI Financing 1 DAC4,013 10,237 (1,886)628 — — 12,992 164 — Signifyd Inc.109,216 10,720 — (9,436)— — 110,500 10,720 — Split Software, Inc.27,836 — — (5,352)— — 22,484 — — Walker Edison Furniture Company LLC— 23,385 — (8,393)— — 14,992 — — Total$231,367 $62,988 $(1,886)$(20,376)$— $— $272,093 $12,274 $—  (a)Gross additions include increases in the cost basis of investments resulting from new investments, payment-in-kind interest or dividends, and the amortization of any unearned income or discounts on equity investments, as applicable. (b)Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, and the amortization of any premiums on equity investments, as applicable.

[51] Under the Investment Company Act of 1940, as amended (the “1940 Act”), the Company is deemed to be an “Affiliated Person” of, as defined in the 1940 Act, this portfolio company, as the Company owns more than 5% of the portfolio company’s outstanding voting securities. Transactions during the period ended September 30, 2024 in which the Company was an Affiliated Person of the portfolio company are as follows: CompanyFair Value at December 31, 2023Gross Additions(a)Gross Reductions(b)Net Change in Unrealized Gain/(Loss)Realized Gain/(Loss)TransfersFair Value at September 30, 2024Other IncomeInterest IncomeFifth Season Investments LLC$43,904 $30,421 $— $4,894 $— $— $79,219 $4,416 $— Help HP SCF Investor, LP67,221 — — (3,792)— — 63,429 — — LSI Financing 1 DAC12,992 4,953 (2,050)475 — — 16,370 48 — Pluralsight, LLC— 87,564 — — — — 87,564 — 756 Signifyd Inc.110,500 5,653 — 5,062 — — 121,215 8,700 — Split Software, Inc.22,484 — (13,140)7,521 (16,865)— — — — Walker Edison Furniture Company LLC14,992 2,593 — (8,983)— — 8,602 13 — Total$272,093 $131,184 $(15,190)$5,177 $(16,865)$— $376,399 $13,177 $756  ________________ (a)Gross additions include increases in the cost basis of investments resulting from new investments, payment-in-kind interest or dividends, and the amortization of any unearned income or discounts on equity investments, as applicable. (b)Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, and the amortization of any premiums on equity investments, as applicable.

[52] Harness Inc. has retained 304,990 shares until June 11, 2026 as a security for indemnity obligations detailed in the Merger Agreement with Split Software, Inc.

[53] As defined in the 1940 act, the Company is deemed to be both an “Affiliated Person” and has “Control” of this portfolio company as the Company owns more than 25% of the portfolio company’s outstanding voting securities or has the power to exercise control over management or policies of such portfolio company (including through a management agreement). The Company’s investments in affiliates for the period ended December 31, 2023 were as follows: CompanyFair Value at December 31, 2022 Gross Additions(a) Gross Reductions(b) Net Change in Unrealized
Gain/(Loss)Realized Gain/(Loss)TransfersFair Value at December 31, 2023Other IncomeInterest IncomeRevolut Ribbit Holdings, LLC$66,509 $11 $— $(11)$— $— $66,509 $— $— Total$66,509 $11 $— $(11)$— $— $66,509 $— $—  (a)Gross additions include increases in the cost basis of investments resulting from new investments, payment-in-kind interest or dividends, and the amortization of any unearned income or discounts on equity investments, as applicable. (b)Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, and the amortization of any premiums on equity investments, as applicable.

[54] As defined in the 1940 act, the Company is deemed to be both an “Affiliated Person” and has “Control” of this portfolio company as the Company owns more than 25% of the portfolio company’s outstanding voting securities or has the power to exercise control over management or policies of such portfolio company (including through a management agreement). The Company’s investments in controlled affiliates for the period ended September 30, 2024 were as follows: CompanyFair Value at December 31, 2023Gross Additions(a)Gross Reductions(b)Net Change in Unrealized Gain/(Loss)Realized Gain/(Loss)TransfersFair Value at September 30, 2024Other IncomeInterest IncomeBlue Owl Credit SLF LLC$— $2,189 $— $(2)$— $— $2,187 $— $— Revolut Ribbit Holdings, LLC66,509 — — 39,934 — — 106,443 — — Total$66,509 $2,189 $— $39,932 $— $— $108,630 $— $—  ________________ (a)Gross additions include increases in the cost basis of investments resulting from new investments, payment-in-kind interest or dividends, and the amortization of any unearned income or discounts on equity investments, as applicable. (b)Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, and the amortization of any premiums on equity investments, as applicable.

[55] The interest rate on these loans is subject to 6 month EURIBOR, which as of December 31, 2023 was 3.86%.

[56] Loan was on non-accrual status as of December 31, 2023.

[57] Loan was on non-accrual status as of September 30, 2024.

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Consolidated Statements of Changes in Net Assets - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Increase (Decrease) in Net Assets Resulting from Operations
Net investment income (loss)	$ 92,258	$ 97,080	$ 286,691	$ 265,914
Net change in unrealized gain (loss)	109,688	(63,746)	38,547	(6,351)
Realized gain (loss)	(82,408)	23,470	(106,711)	7,982
Net Increase (Decrease) in Net Assets Resulting from Operations	119,538	56,804	218,527	267,545
Distributions
Distributions declared from earnings	(76,545)	(77,028)	(236,029)	(223,426)
Capital Share Transactions
Reinvestment of distributions	22,161	19,888	63,019	53,406
Net Increase/(Decrease) in Net Assets Resulting from Capital Share Transactions	22,161	19,888	63,019	53,406
Total Increase/(Decrease) in Net Assets	65,154	(336)	45,517	97,525
Net Assets, at beginning of period	3,510,357	3,485,226	3,529,994	3,387,365
Net Assets, at end of period	$ 3,575,511	$ 3,484,890	$ 3,575,511	$ 3,484,890

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Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Cash Flows from Operating Activities
Net Increase (Decrease) in Net Assets Resulting from Operations	$ 119,538	$ 56,804	$ 218,527	$ 267,545
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:
Purchases of investments, net			(1,430,018)	(434,155)
Proceeds from investments and investment repayments, net			1,235,677	741,160
Net amortization/accretion of premium/discount on investments			(31,814)	(24,588)
Net change in unrealized (gain) loss on investments			(37,754)	6,190
Net change in unrealized (gains) losses on translation of assets and liabilities in foreign currencies			(793)	162
Net realized (gain) loss on investments			105,320	(8,037)
Net realized (gain) loss on foreign currency transactions relating to investments			14,377	22
Paid-in-kind interest			(82,120)	(87,848)
Paid-in-kind dividend			(18,803)	(25,021)
Amortization of debt issuance costs	2,108	3,147	6,528	7,349
Changes in operating assets and liabilities:
(Increase) decrease in interest receivable			(8,818)	881
(Increase) decrease in dividend income receivable			540	(999)
(Increase) decrease in paid-in-kind interest receivable			(5,384)	(6,449)
(Increase) decrease in prepaid expenses and other assets			(36,841)	(186)
Increase (decrease) in management fee payable			(182)	403
Increase (decrease) in incentive fee payable			(7,664)	1,828
Increase (decrease) in payables to affiliates			127	(872)
Increase (decrease) in payable for investments purchased			(24,163)	0
Increase (decrease) in accrued expenses and other liabilities			5,666	18,502
Net cash provided by (used in) operating activities			(97,592)	455,887
Cash Flows from Financing Activities
Borrowings on debt			156,829	552,153
Payments on debt			(167,700)	(788,154)
Debt issuance costs			(731)	(10,174)
Distributions paid			(173,348)	(152,107)
Net cash provided by (used in) financing activities			(184,950)	(398,282)
Net increase (decrease) in cash			(282,542)	57,605
Cash, beginning of period			469,017	203,293	$ 203,293
Cash, end of period	186,475	260,898	186,475	260,898	$ 469,017
Supplemental and Non-Cash Information
Interest paid during the period			131,689	123,394
Distributions declared during the period			236,029	223,426
Reinvestment of distributions during the period			63,019	53,406
Distribution payable	$ 76,545	$ 77,028	76,545	77,028
Taxes, including excise tax, paid during the period			$ 10,155	$ 7,900

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Organization

9 Months Ended

Sep. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization

Organization

Blue Owl Technology Finance Corp. (the “Company”) is a Maryland corporation formed on July 12, 2018. The Company was formed primarily to originate and make loans to, and make debt and equity investments in, technology-related companies, specifically software, based primarily in the United States. The Company originates and invests in senior secured or unsecured loans, subordinated loans or mezzanine loans, and equity-related securities including common equity, warrants, preferred stock and similar forms of senior equity, which may or may not be convertible into a portfolio company’s common equity. The Company’s investment objective is to maximize total return by generating current income from its debt investments and other income producing securities, and capital appreciation from its equity and equity-linked investments. The Company intends to invest at least 80% of the value of its total assets in "technology-related" companies. The Company defines technology-related companies as those that operate in the technology industry or sector, or those that are developing or offering goods to businesses and consumers which utilize scientific knowledge, including techniques, skills, methods, devices and processes to solve problems. The Company specifically focuses on software and enterprise software companies within the technology and technology-related universe of companies. The Company invests in a broad range of established and high growth technology companies with a focus on enterprise software companies that are capitalizing on the large and growing demand for enterprise software products and services. These companies use technology extensively to improve business processes, applications and opportunities or seek to grow through technological developments and innovations. These companies operate in technology-related industries or sectors which include, but are not limited to, application software, systems software, healthcare information technology, technology services and infrastructure, financial technology and internet and digital media.

The Company has elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). In addition, for tax purposes, the Company is treated as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). Because the Company has elected to be regulated as a BDC and qualifies as a RIC under the Code, the Company’s portfolio is subject to diversification and other requirements.

On September 24, 2018, the Company formed a wholly-owned subsidiary, OR Tech Lending LLC, a Delaware limited liability company, which holds a California finance lenders license. OR Tech Lending LLC originates loans to borrowers headquartered in California. From time to time the Company may form wholly-owned subsidiaries to facilitate the normal course of business.

Blue Owl Technology Credit Advisors LLC (the “Adviser”) serves as the Company’s investment adviser, an indirect affiliate of Blue Owl Capital, Inc. (“Blue Owl”) (NYSE: OWL) and part of Blue Owl’s Credit platform, which focuses on direct lending. The Adviser is registered with the Securities and Exchange Commission (“SEC”) as an investment adviser under the Investment Advisers Act of 1940, as amended (the “Advisers Act”). Blue Owl consists of three investment platforms: (1) Credit, which focuses on direct lending, (2) GP Strategic Capital, which focuses on acquiring equity positions in and providing debt financing to institutional alternative asset managers and (3) Real Estate, which focuses on triple net lease real estate strategies and real estate credit. Subject to the overall supervision of the Company’s board of directors (the “Board”), the Adviser manages the day-to-day operations of, and provides investment advisory and management services to, the Company.

Through August 1, 2021, the Company conducted private offerings (each, a “Private Offering”) of its common shares to accredited investors in reliance on exemptions from the registration requirements of the Securities Act of 1933, as amended, (the “Securities Act”). At the closing of each Private Offering, each investor made a capital commitment (a “Capital Commitment”) to purchase shares of the Company’s common stock pursuant to a subscription agreement entered into with the Company. Until the earlier of an Exchange Listing (as defined below) or the end of the Commitment Period (as defined below), investors were required to fund drawdowns to purchase shares of the Company’s common stock up to the amount of their respective Capital Commitment on an as-needed basis each time the Company delivered a drawdown notice to its investors. As of November 5, 2021, the Capital Commitments were fully drawn. The initial closing of the Private Offering occurred on August 10, 2018 (the “Initial Closing”). The “Commitment Period” will continue until August 10, 2025, which is the earlier of (i) the five year anniversary of the Final Closing (August 1, 2026) and (ii) the seven year anniversary of the Initial Closing (August 10, 2025). If the Company has not consummated an Exchange Listing by the end of the Commitment Period, subject to extension of two additional one-year periods, in the sole discretion of the Board, the Board (subject to any necessary shareholder approvals and applicable requirements of the 1940 Act) will use its commercially reasonable efforts to wind down and/or liquidate and dissolve the Company in an orderly manner.

On August 10, 2018, the Company commenced its loan origination and investment activities contemporaneously with the initial drawdown from investors in the Private Offering. In September 2018, the Company made its first portfolio company investment.

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Significant Accounting Policies

9 Months Ended

Sep. 30, 2024

Accounting Policies [Abstract]

Significant Accounting Policies

Significant Accounting Policies

Basis of Presentation

The accompanying consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The Company is an investment company and, therefore, applies the specialized accounting and reporting guidance in Accounting Standards Codification (“ASC”) Topic 946, Financial Services – Investment Companies. In the opinion of management, all adjustments considered necessary for the fair presentation of the consolidated financial statements have been included. The Company was initially capitalized on August 7, 2018 and commenced operations on August 10, 2018. The Company’s fiscal year ends on December 31.

Use of Estimates 

The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements. Actual amounts could differ from those estimates and such differences could be material.

Cash

Cash consists of deposits held at a custodian bank. Cash is carried at cost, which approximates fair value. The Company deposits its cash with highly-rated banking corporations and, at times, may exceed the insured limits under applicable law.

Investments at Fair Value

Investment transactions are recorded on the trade date. Realized gains or losses are measured by the difference between the net proceeds received and the amortized cost basis of the investment using the specific identification method without regard to unrealized gains or losses previously recognized, and include investments charged off during the period, net of recoveries. The net change in unrealized gains or losses primarily reflects the change in investment values, including the reversal of previously recorded unrealized gains or losses with respect to investments realized during the period. Rule 2a-5 under the 1940 Act establishes requirements for determining fair value in good faith for purposes of the 1940 Act. Pursuant to Rule 2a-5, the Board designated the Adviser as the Company’s valuation designee to perform fair value determinations relating to the value of assets held by the Company for which market quotations are not readily available.

Investments for which market quotations are readily available are typically valued at the average bid price of those market quotations. To validate market quotations, the Company utilizes a number of factors to determine if the quotations are representative of fair value, including the source and number of the quotations. Debt and equity securities that are not publicly traded or whose market prices are not readily available, as is the case for substantially all of the Company’s investments, are valued at fair value as determined in good faith by the Adviser, as the valuation designee, based on, among other things, the input of the independent third-party valuation firm(s) engaged at the direction of the Adviser.

As part of the valuation process, the Adviser, as the valuation designee, takes into account relevant factors in determining the fair value of the Company’s investments, including: the estimated enterprise value of a portfolio company (i.e., the total fair value of the portfolio company’s debt and equity), the nature and realizable value of any collateral, the portfolio company’s ability to make payments based on its earnings and cash flow, the markets in which the portfolio company does business, a comparison of the portfolio company’s securities to any similar publicly traded securities, and overall changes in the interest rate environment and the credit markets that may affect the price at which similar investments may be made in the future. When an external event such as a purchase or sale transaction, public offering or subsequent equity sale occurs, the Adviser, as the valuation designee, considers whether the pricing indicated by the external event corroborates its valuation.

The Adviser, as the valuation designee, undertakes a multi-step valuation process, which includes, among other procedures, the following:

•With respect to investments for which market quotations are readily available, those investments will typically be valued at the average bid price of those market quotations;

•With respect to investments for which market quotations are not readily available, the valuation process begins with the independent valuation firm(s) providing a preliminary valuation of each investment to the Adviser’s valuation committee;

•Preliminary valuation conclusions are documented and discussed with the Adviser’s valuation committee;

•The Adviser, as the valuation designee, reviews the recommended valuations and determines the fair value of each investment;

•Each quarter, the Adviser, as the valuation designee, will provide the Audit Committee a summary or description of material fair value matters that occurred in the prior quarter and on an annual basis, the Adviser, as the valuation designee, will provide the Audit Committee with a written assessment of the adequacy and effectiveness of its fair value process; and

•The Audit Committee oversees the valuation designee and will report to the Board on any valuation matters requiring the Board’s attention.

The Company conducts this valuation process on a quarterly basis.

The Company applies Financial Accounting Standards Board Accounting Standards Codification 820, Fair Value Measurements (“ASC 820”), as amended, which establishes a framework for measuring fair value in accordance with U.S. GAAP and required disclosures of fair value measurements. ASC 820 determines fair value to be the price that would be received for an investment in a current sale, which assumes an orderly transaction between market participants on the measurement date. Market participants are defined as buyers and sellers in the principal or most advantageous market (which may be a hypothetical market) that are independent, knowledgeable, and willing and able to transact. In accordance with ASC 820, the Company considers its principal market to be the market that has the greatest volume and level of activity. ASC 820 specifies a fair value hierarchy that prioritizes and ranks the level of observability of inputs used in determination of fair value. In accordance with ASC 820, these levels are summarized below:

•Level 1 – Valuations based on quoted prices in active markets for identical assets or liabilities that the Company has the ability to access.

•Level 2 – Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly.

•Level 3 – Valuations based on inputs that are unobservable and significant to the overall fair value measurement.

Transfers between levels, if any, are recognized at the beginning of the period in which the transfer occurs. In addition to using the above inputs in investment valuations, the Company applies the valuation policy approved by its Board that is consistent with ASC 820. Consistent with the valuation policy, the Adviser, as the valuation designee, evaluates the source of the inputs, including any markets in which its investments are trading (or any markets in which securities with similar attributes are trading), in determining fair value. When an investment is valued based on prices provided by reputable dealers or pricing services (such as broker quotes), the Adviser, as the valuation designee, subjects those prices to various criteria in making the determination as to whether a particular investment would qualify for treatment as a Level 2 or Level 3 investment. For example, the Adviser, as the valuation designee, or the independent valuation firm(s), reviews pricing support provided by dealers or pricing services in order to determine if observable market information is being used, versus unobservable inputs.

Due to the inherent uncertainty of determining the fair value of investments that do not have a readily available market value, the fair value of the Company’s investments may fluctuate from period to period. Additionally, the fair value of such investments may differ significantly from the values that would have been used had a ready market existed for such investments and may differ materially from the values that may ultimately be realized. Further, such investments are generally less liquid than publicly traded securities and may be subject to contractual and other restrictions on resale. If the Company were required to liquidate a portfolio investment in a forced or liquidation sale, it could realize amounts that are different from the amounts presented and such differences could be material.

In addition, changes in the market environment and other events that may occur over the life of the investments may cause the gains or losses ultimately realized on these investments to be different than the unrealized gains or losses reflected herein.

Financial and Derivative Instruments

Pursuant to ASC 815 Derivatives and Hedging, all derivative instruments entered into by the Company are designated as hedging instruments. For all derivative instruments designated as a hedge, the entire change in the fair value of the hedging instrument shall be recorded in the same line item of the Consolidated Statements of Operations as the hedged item. The Company’s derivative instruments are used to hedge the Company’s fixed rate debt, and therefore both the periodic payment and the change in fair value for the effective hedge, if applicable, will be recognized as components of interest expense in the Consolidated Statements of Operations. Fair value is estimated by discounting remaining payments using applicable current market rates, or market quotes, if available.

Rule 18f-4 requires BDCs that use derivatives to, among other things, comply with a value-at-risk leverage limit, adopt a derivatives risk management program, and implement certain testing and board reporting procedures. Rule 18f-4 exempts BDCs that qualify as “limited derivatives users” from the aforementioned requirements, provided that these BDCs adopt written policies and procedures that are reasonably designed to manage the BDC’s derivatives risks and comply with certain recordkeeping requirements. Rule 18f-4 provides that a BDC may enter into an unfunded commitment agreement that is not a derivatives transaction, such as an agreement to provide financing to a portfolio company, if the BDC has, among other things, a reasonable belief, at the time it enters into such an agreement, that it will have sufficient cash and cash equivalents to meet its obligations with respect to all of its unfunded commitment agreements, in each case as it becomes due. Pursuant to Rule 18f-4, when the Company trades reverse repurchase agreements or similar financing transactions, including certain tender option bonds, the Company needs to aggregate the amount of any other senior securities representing indebtedness (e.g., bank borrowings, if applicable) when calculating our asset coverage ratio.

The Company currently qualifies as a “limited derivatives user” and expects to continue to do so. The Company has adopted a derivatives policy and complies with the recordkeeping requirements of Rule 18f-4.

Foreign Currency

Foreign currency amounts are translated into U.S. dollars on the following basis:

•cash, fair value of investments, outstanding debt, other assets and liabilities: at the spot exchange rate on the last business day of the period; and

•purchases and sales of investments, borrowings and repayments of such borrowings, income and expenses: at the rates of exchange prevailing on the respective dates of such transactions.

The Company includes net changes in fair values on investments held resulting from foreign exchange rate fluctuations with the change in unrealized gains (losses) on translation of assets and liabilities in foreign currencies on the Consolidated Statements of Operations. The Company’s current approach to hedging the foreign currency exposure in its non-U.S. dollar denominated investments is primarily to borrow the par amount in local currency under the Company’s Revolving Credit Facility to fund these investments. Fluctuations arising from the translation of foreign currency borrowings are included with the net change in unrealized gains (losses) on translation of assets and liabilities in foreign currencies on the Consolidated Statements of Operations.

Investments denominated in foreign currencies and foreign currency transactions may involve certain considerations and risks not typically associated with those of domestic origin, including unanticipated movements in the value of the foreign currency relative to the U.S. dollar.

Interest and Dividend Income Recognition

Interest income is recorded on the accrual basis and includes amortization and accretion of discounts or premiums. Certain investments may have contractual payment-in-kind (“PIK”) interest or dividends, the majority of which is structured at initial underwriting. PIK interest and dividends represent accrued interest or dividends that are added to the principal amount or liquidation amount of the investment on the respective interest or dividend payment dates rather than being paid in cash and generally becomes due at maturity or at the occurrence of a liquidation event.

PIK interest and PIK dividend income consisted of the following for the periods:

	Three Months Ended September 30,						Nine Months Ended September 30,
($ in thousands)	2024			2023			2024			2023
PIK Interest Income	$	25,469		$	23,412		$	84,538		$	85,336
PIK Interest Income as a % of Investment Income	14.9		%	13.6		%	16.3		%	16.9		%
PIK Dividend Income	$	10,378		$	8,860		$	29,630		$	26,228
PIK Dividend Income as a % of Investment Income	6.1		%	5.1		%	5.7		%	5.2		%
Total PIK Income	$	35,847		$	32,272		$	114,168		$	111,564
Total PIK Income as a % of Investment Income	21.0		%	18.7		%	22.1		%	22.1		%

Discounts and premiums to par value on securities purchased are amortized into interest income over the contractual life of the respective security using the effective yield method. The amortized cost of investments represents the original cost adjusted for the amortization and accretion of discounts or premiums, if any. Upon prepayment of a loan or debt security, any prepayment premiums, unamortized upfront loan origination fees and unamortized discounts are recorded as interest income in the current period.

Loans are generally placed on non-accrual status when there is reasonable doubt that principal or interest will be collected in full. Accrued interest is generally reversed when a loan is placed on non-accrual status. Interest payments received on non-accrual loans may be recognized as income or applied to principal depending upon management’s judgment regarding collectability. If at any point the Company believes PIK interest is not expected to be realized, the investment generating PIK interest will be placed on non-accrual status. When a PIK investment is placed on non-accrual status, the accrued, uncapitalized interest or dividends are generally reversed through interest income. Non-accrual loans are restored to accrual status when past due principal and interest is paid current and, in management’s judgment, are likely to remain current. Management may make exceptions to this treatment and determine to not place a loan on non-accrual status if the loan has sufficient collateral value and is in the process of collection.

Dividend income on preferred equity securities is recorded on the accrual basis to the extent that such amounts are payable by the portfolio company and are expected to be collected. Dividend income on common equity securities is recorded on the record date for private portfolio companies or on the ex-dividend date for publicly-traded portfolio companies.

Other Income 

From time to time, the Company may receive fees for services provided to portfolio companies. These fees are generally only available to the Company as a result of closing investments, are generally paid at the closing of the investments, are generally non-

recurring and are recognized as revenue when earned upon closing of the investment. The services that the Adviser provides vary by investment, but can include closing, work, diligence or other similar fees and fees for providing managerial assistance to the Company’s portfolio companies.

Organization Expenses

Costs associated with the organization of the Company are expensed as incurred. These expenses consist primarily of legal fees and other costs of organizing the Company.

Offering Expenses

Costs associated with the offering of common shares of the Company are capitalized as deferred offering expenses and are included in prepaid expenses and other assets in the Consolidated Statements of Assets and Liabilities and are amortized over a twelve-month period from incurrence. Expenses for any additional offerings are deferred and amortized as incurred. These expenses consist primarily of legal fees and other costs incurred in connection with the Company’s share offerings, the preparation of the Company’s registration statement, and registration fees.

Debt Issuance Costs

The Company records origination and other expenses related to its debt obligations as debt issuance costs. These expenses are deferred and amortized utilizing the effective yield method, over the life of the related debt instrument. Debt issuance costs are presented on the Consolidated Statements of Assets and Liabilities as a direct deduction from the debt liability. In circumstances in which there is not an associated debt liability amount recorded in the consolidated financial statements when the debt issuance costs are incurred, such debt issuance costs will be reported on the Consolidated Statements of Assets and Liabilities as an asset until the debt liability is recorded.

Reimbursement of Transaction-Related Expenses

The Company may receive reimbursement for certain transaction-related expenses in pursuing investments. Transaction-related expenses, which are generally expected to be reimbursed by the Company’s portfolio companies, are typically deferred until the transaction is consummated and are recorded in prepaid expenses and other assets on the date incurred. The costs of successfully completed investments not otherwise reimbursed are borne by the Company and are included as a component of the investment’s cost basis.

Cash advances received in respect of transaction-related expenses are recorded as cash with an offset to accrued expenses and other liabilities. Accrued expenses and other liabilities are relieved as reimbursable expenses are incurred.

Income Taxes

The Company has elected to be treated as a BDC under the 1940 Act. The Company has elected to be treated as a RIC under the Code beginning with its taxable year ending December 31, 2018 and intends to continue to qualify as a RIC. So long as the Company maintains its tax treatment as a RIC, it generally will not pay U.S. federal income taxes at corporate rates on any ordinary income or capital gains that it distributes at least annually to its shareholders as dividends. Instead, any tax liability related to income earned and distributed by the Company represents obligations of the Company’s investors and will not be reflected in the consolidated financial statements of the Company.

To qualify as a RIC, the Company must, among other things, meet certain source-of-income and asset diversification requirements. In addition, to qualify for RIC tax treatment, the Company generally must distribute to its shareholders, for each taxable year, at least 90% of its “investment company taxable income” for that year, which is generally its ordinary income plus the excess of its realized net short-term capital gains over its realized net long-term capital losses. In order for the Company not to be subject to U.S. federal excise taxes, it must distribute annually an amount at least equal to the sum of (i) 98% of its net ordinary income (taking into account certain deferrals and elections) for the calendar year, (ii) 98.2% of its capital gains in excess of capital losses for the one-year period ending on October 31 of the calendar year and (iii) any net ordinary income and capital gains in excess of capital losses for preceding years that were not distributed during such years. The Company, at its discretion, may carry forward taxable income in excess of calendar year dividends and pay a 4% nondeductible U.S. federal excise tax on this income.

Certain of the Company’s consolidated subsidiaries are subject to U.S. federal and state corporate-level income taxes.

The Company evaluates tax positions taken or expected to be taken in the course of preparing its financial statements to determine whether the tax positions are “more-likely-than-not” to be sustained by the applicable tax authority. Tax positions not deemed to meet the “more-likely-than-not” threshold are reserved and recorded as a tax benefit or expense in the current year. All penalties and interest associated with income taxes are included in income tax expense. Conclusions regarding tax positions are subject to review and may be adjusted at a later date based on factors including, but not limited to, on-going analyses of tax laws, regulations and interpretations thereof. There were no material uncertain tax positions through December 31, 2023. As applicable, the Company’s prior three tax years remain subject to examination by U.S. federal, state and local tax authorities.

Distributions to Common Shareholders

Distributions to common shareholders are recorded on the record date. The amount to be distributed is determined by the Board and is generally based upon the earnings estimated by the Adviser. In addition, the Board may consider the level of undistributed taxable income carried forward from the prior year for distribution in the current year. Undistributed long-term capital gains, if any, would be generally distributed at least annually, although the Company may decide to retain such capital gains for investment.

The Company has adopted a dividend reinvestment plan that provides for reinvestment of any cash distributions on behalf of shareholders, unless a shareholder elects to receive cash. As a result, if the Board authorizes and declares a cash distribution, then the shareholders who have not “opted out” of the dividend reinvestment plan will have their cash distribution automatically reinvested in additional shares of the Company’s common stock, rather than receiving the cash distribution. The Company expects to use newly issued shares to implement the dividend reinvestment plan.

Consolidation

As provided under Regulation S-X and ASC Topic 946 - Financial Services - Investment Companies, the Company will generally not consolidate its investment in a company other than a wholly-owned investment company or controlled operating company whose business consists of providing services to the Company. Accordingly, the Company consolidated the accounts of the Company's wholly-owned subsidiaries in its consolidated financial statements. All significant intercompany balances and transactions have been eliminated in consolidation.

New Accounting Pronouncements

In March 2020, the FASB issued ASU No. 2020-04, “Reference Rate Reform (Topic 848),” which provides optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments apply only to contracts, hedging relationships, and other transactions that reference London Interbank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued because of reference rate reform. In January 2021, the FASB issued ASU No. 2021-01, “Reference Rate Reform (Topic 848),” which expanded the scope of Topic 848 to include derivative instruments impacted by discounting transition. In December 2022, the FASB issued ASU No. 2022-06, “Reference Rate Reform (Topic 848),” which extended the transition period provided under ASU No. 2020-04 and 2021-01 for all entities from December 31, 2022 to December 31, 2024.

In June 2022, the FASB issued ASU No. 2022-03, “Fair Value Measurement (Topic 820),” which clarifies the guidance in Topic 820 when measuring the fair value of an equity security subject to contractual restrictions that prohibit the sale of an equity security and introduces new disclosure requirements for equity securities subject to contractual sale restrictions that are measured at fair value in accordance with Topic 820. The amendments affect all entities that have investments in equity securities measured at fair value that are subject to a contractual sale restriction. ASU 2022-03 is effective for public business entities for fiscal years beginning after December 15, 2023, and interim periods within those fiscal years. For all other entities the amendments are effective for fiscal years beginning after December 15, 2024, and interim periods within those fiscal years. Early adoption is permitted for both interim and annual financial statements that have not yet been issued or made available for issuance. An entity that qualifies as an investment company under Topic 946 should apply the amendments in ASU No. 2022-03 to an investment in an equity security subject to a contractual sale restriction that is executed or modified on or after the date of adoption. Management has adopted the aforementioned accounting pronouncement and concluded that it does not have a material effect on the accompanying consolidated financial statements.

In December 2023, the FASB issued ASU No. 2023-09, “Income Taxes (Topic 740),” which updates income tax disclosure requirements related to rate reconciliation, income taxes paid and other disclosures. ASU 2023-09 is effective for public business entities for fiscal years beginning after December 15, 2024. Early adoption is permitted for annual financial statements that have not yet been issued or made available for issuance. The Company is currently evaluating the impact of adopting ASU No. 2023-09 on the consolidated financial statements.

Other than the aforementioned guidance, the Company’s management does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the accompanying consolidated financial statements.

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Agreements and Related Party Transactions

9 Months Ended

Sep. 30, 2024

Related Party Transactions [Abstract]

Agreements and Related Party Transactions

Agreements and Related Party Transactions

Administration Agreement

The Company has entered into an amended and restated Administration Agreement (the “Administration Agreement”) with the Adviser. Under the terms of the Administration Agreement, the Adviser performs, or oversees the performance of, required administrative services, which include providing office space, equipment and office services, maintaining financial records, preparing reports to shareholders and reports filed with the SEC, and managing the payment of expenses and the performance of administrative and professional services rendered by others. On May 6, 2024, the Board approved the continuation of the Administration Agreement.

The Administration Agreement also provides that the Company reimburses the Adviser for certain organization costs incurred prior to the commencement of the Company’s operations, and for certain offering costs.

The Company reimburses the Adviser for services performed for it pursuant to the terms of the Administration Agreement. In addition, pursuant to the terms of the Administration Agreement, the Adviser may delegate its obligations under the Administration Agreement to an affiliate or to a third party and the Company will reimburse the Adviser for any services performed for it by such affiliate or third party.

Unless earlier terminated as described below, the Administration Agreement will remain in effect for two years from the date it first became effective, and will remain in effect from year to year if approved annually by a majority of the Board or by the holders of a majority of the Company’s outstanding voting securities and, in each case, a majority of the independent directors. The Administration Agreement may be terminated at any time, without the payment of any penalty, on 60 days’ written notice, by the vote of a majority of the outstanding voting securities of the Company (as defined in the 1940 Act), or by the vote of a majority of the Board or by the Adviser.

No person who is an officer, director, or employee of the Adviser or its affiliates and who serves as a director of the Company receives any compensation from the Company for his or her services as a director. However, the Company reimburses the Adviser (or its affiliates) for an allocable portion of the compensation paid by the Adviser or its affiliates to the Company’s officers who provide operational and administrative services, as well as their respective staffs and other professionals who provide services to the Company, who assist with the preparation, coordination and administration of the foregoing or provide other “back office” or “middle office”, financial or operational services to the Company (based on the percentage of time those individuals devote, on an estimated basis, to the business and affairs of the Company). Directors who are not affiliated with the Adviser receive compensation for their services and reimbursement of expenses incurred to attend meetings.

For the three and nine months ended September 30, 2024, the Company incurred expenses of approximately $0.8 million and $2.3 million, respectively, for costs and expenses reimbursable to the Adviser under the terms of the Administration Agreement. For the three and nine months ended September 30, 2023, the Company incurred expenses of approximately $0.8 million and $2.0 million, respectively, for costs and expenses reimbursable to the Adviser under the terms of the Administration Agreement.

As of September 30, 2024 and 2023, amounts reimbursable to the Adviser pursuant to the Administration Agreement were $1.2 million and $1.9 million, respectively.

Investment Advisory Agreement

The Investment Advisory Agreement became effective on May 18, 2021. Under the terms of the Investment Advisory Agreement, the Adviser is responsible for managing the Company’s business and activities, including sourcing investment opportunities, conducting research, performing diligence on potential investments, structuring its investments, and monitoring its portfolio companies on an ongoing basis through a team of investment professionals. On May 6, 2024, the Board approved the continuation of the Investment Advisory Agreement.

The Adviser’s services under the Investment Advisory Agreement are not exclusive, and accordingly, the Adviser may provide similar services to others.

Unless earlier terminated as described below, the Investment Advisory Agreement will remain in effect for two years from the date it first became effective and will remain in effect from year-to-year if approved annually by a majority of the Board or by the holders of a majority of our outstanding voting securities and, in each case, by a majority of independent directors.

The Investment Advisory Agreement will automatically terminate within the meaning of the 1940 Act and related SEC guidance and interpretations in the event of its assignment. In accordance with the 1940 Act, without payment of any penalty, the Investment Advisory Agreement may be terminated by the vote of the outstanding voting securities of the Company (as defined in the 1940 Act), or by the vote of a majority of the Board. In addition, without payment of any penalty, the Adviser may generally terminate the Investment Advisory Agreement upon 60 days’ written notice.

From time to time, the Adviser may pay amounts owed by the Company to third-party providers of goods or services, including the Board, and the Company will subsequently reimburse the Adviser for such amounts paid on its behalf. Amounts payable to the Adviser are settled in the normal course of business without formal payment terms.

Under the terms of the Investment Advisory Agreement, the Company will pay the Adviser a base management fee and may also pay to it certain incentive fees. The cost of both the management fee and the incentive fee will ultimately be borne by the Company’s shareholders.

The management fee (“Management Fee”) is payable quarterly in arrears. Prior to the future quotation or listing of the Company’s securities on a national securities exchange (an “Exchange Listing”) or the future quotation or listing of its securities on any other public trading market, the Management Fee is payable at an annual rate of 0.90% of the Company’s (i) average gross assets, excluding cash and cash equivalents but including assets purchased with borrowed amounts, at the end of the two most recently

completed calendar quarters; provided, however, that no Management Fee will be charged on the value of gross assets (excluding cash and cash- equivalents but including assets purchased with borrowed amounts) that is below an asset coverage ratio of 200% calculated in accordance with Sections 18 and 61 of the 1940 Act; plus (ii) the average of any remaining unfunded Capital Commitments at the end of the two most recently completed calendar quarters. Following an Exchange Listing, the Management Fee is payable at an annual rate of (x) 1.50% of the Company’s average gross assets (excluding cash and cash equivalents but including assets purchased with borrowed amounts) that is above an asset coverage ratio of 200% calculated in accordance with Sections 18 and 61 of the 1940 Act and (y) 1.00% of the Company’s average gross assets (excluding cash and cash equivalents but including assets purchased with borrowed amounts) that is below an asset coverage ratio of 200% calculated in accordance with Sections 18 and 61 of the 1940 Act, in each case, at the end of the two most recently completed calendar quarters payable quarterly in arrears. The Management Fee will be appropriately prorated and adjusted (based on the actual number of days elapsed relative to the total number of days in such calendar quarter) for any share issuances or repurchases during the relevant calendar quarters. The Management Fee for any partial month or quarter, as the case may be, will be appropriately prorated and adjusted (based on the actual number of days elapsed relative to the total number of days in such calendar quarter). For purposes of the Investment Advisory Agreement, gross assets means the Company’s total assets determined on a consolidated basis in accordance with generally accepted accounting principles in the United States, excluding cash and cash equivalents, but including assets purchased with borrowed amounts.

For the three and nine months ended September 30, 2024, management fees were $14.1 million and $42.0 million, respectively. For the three and nine months ended September 30, 2023, management fees were $14.6 million and $44.1 million, respectively.

Pursuant to the Investment Advisory Agreement, the Adviser is entitled to an incentive fee (“Incentive Fee”), which consists of two components that are independent of each other, with the result that one component may be payable even if the other is not.

The Incentive Fee consists of two components that are independent of each other, with the result that one component may be payable even if the other is not. A portion of the Incentive Fee is based on our income and a portion is based on our capital gains, each as described below. The portion of the Incentive Fee based on income is determined and paid quarterly in arrears commencing with the first calendar quarter following the Initial Closing Date, and equals (i) prior to an Exchange Listing, 100% of the pre-Incentive Fee net investment income in excess of a 1.5% quarterly “hurdle rate”, until the Adviser has received 10% of the total pre-Incentive Fee net investment income for that calendar quarter and, for pre-Incentive Fee net investment income in excess of 1.67% quarterly, 10% of all remaining pre-Incentive Fee net investment income for that calendar quarter, and (ii) subsequent to an Exchange Listing, 100% of the pre-Incentive Fee net investment income in excess of a 1.5% quarterly “hurdle rate,” until the Adviser has received 17.5% of the total pre-Incentive Fee net investment income for that calendar quarter and, for pre-Incentive Fee net investment income in excess of 1.82% quarterly, 17.5% of all remaining pre-Incentive Fee net investment income for that calendar quarter. The 100% “catch-up” provision for pre-Incentive Fee net investment income in excess of the 1.5% “hurdle rate” is intended to provide the Adviser with an Incentive Fee of (i) prior to an Exchange Listing, 10% on all pre-Incentive Fee net investment income when that amount equals 1.67% in a calendar quarter (6.67% annualized), and (ii) subsequent to an Exchange Listing, 17.5% on all pre-Incentive Fee net investment income when that amount equals 1.82% in a calendar quarter (7.27% annualized), which, in each case, is the rate at which catch-up is achieved. Once the “hurdle rate” is reached and catch-up is achieved, (i) prior to an Exchange Listing, 10% of any pre-Incentive Fee net investment income in excess of 1.67% in any calendar quarter is payable to the Adviser, and (ii) subsequent to an Exchange Listing, 17.5% of any pre-Incentive Fee net investment income in excess of 1.82% in any calendar quarter is payable to the Adviser.

For the three and nine months ended September 30, 2024, the Company incurred incentive fees of $10.3 million and $31.1 million, respectively, based on net investment income. For the three and nine months ended September 30, 2023, the Company incurred incentive fees of $10.2 million and $29.5 million, respectively, based on net investment income.

The second component of the Incentive Fee, the “Capital Gains Incentive Fee,” payable at the end of each calendar year in arrears, equals, (i) prior to an Exchange Listing, 10% of cumulative realized capital gains from the initial closing date to the end of each calendar year, less cumulative realized capital losses and unrealized capital depreciation from the initial closing date to the end of each calendar year, and (ii) subsequent to an Exchange Listing, 17.5% of cumulative realized capital gains from the Listing Date to the end of each calendar year, less cumulative realized capital losses and unrealized capital depreciation from the Listing Date to the end of each calendar year. Each year, the fee paid for the Capital Gains Incentive Fee is net of the aggregate amount of any previously paid Capital Gains Incentive Fee for prior periods. While the Investment Advisory Agreement neither includes nor contemplates the inclusion of unrealized gains in the calculation of the capital gains incentive fee, as required by U.S. GAAP, the Company accrues capital gains incentive fees on unrealized gains. This accrual reflects the incentive fees that would be payable to the Adviser if the Company’s entire investment portfolio was liquidated at its fair value as of the balance sheet date even though the Adviser is not entitled to an incentive fee with respect to unrealized gains unless and until such gains are actually realized. The fees that are payable under the Investment Advisory Agreement for any partial period will be appropriately prorated. In no event will the Capital Gains Fee payable pursuant to the Investment Advisory Agreement be in excess of the amount permitted by the Advisers Act, including Section 205 thereof.

The Company did not record performance-based incentive fees based on capital gains for the three months ended September 30, 2024. For the nine months ended September 30, 2024, the Company recorded a reversal of previously recorded performance-based

incentive fees based on capital gains of $6.8 million. For the three months ended September 30, 2023, the Company reversed previously recorded performance-based incentive fees based on capital gains of $4.0 million. For the nine months ended September 30, 2023 the Company incurred performance-based incentive fees based on capital gains of $0.2 million, of which $0.2 million was related to unrealized gains.

Affiliated Transactions

The Company may be prohibited under the 1940 Act from participating in certain transactions with its affiliates without prior approval of the directors who are not interested persons, and in some cases, the prior approval of the SEC. The Company relies on an order exemptive relief (as amended, the “Order”) that has been granted by the SEC to Blue Owl Credit Advisors LLC (“OCA”) and certain of its affiliates to permit the Company to co-invest with other funds managed by the Adviser or its affiliates, in a manner consistent with the Company’s investment objective, positions, policies, strategies and restrictions as well as regulatory requirements and other pertinent factors. Pursuant to the Order, the Company generally is permitted to co-invest with certain of its affiliates if a “required majority” (as defined in Section 57(o) of the 1940 Act) of the Board make certain conclusions in connection with a co-investment transaction, including that (1) the terms of the transaction, including the consideration to be paid, are reasonable and fair to the Company and its shareholders and do not involve overreaching by the Company or its shareholders on the part of any person concerned, (2) the transaction is consistent with the interests of the Company’s shareholders and is consistent with its investment objective and strategies, (3) the investment by its affiliates would not disadvantage the Company, and the Company’s participation would not be on a basis different from or less advantageous than that on which its affiliates are investing and (4) the proposed investment by the Company would not benefit the Adviser or its affiliates or any affiliated person of any of them (other than the parties to the transactions) except to the extent permitted by the Order and applicable law, including the limitations set forth in Section 57(k) of the 1940 Act.

In addition, the Order permits us to participate in follow-on investments in our existing portfolio companies with certain affiliates that are private funds if such private funds did not have an investment in such existing portfolio company.

The Adviser is affiliated with OCA, Blue Owl Credit Private Fund Advisors LLC (“OPFA”), Blue Owl Diversified Credit Advisors LLC (“ODCA”) and Blue Owl Technology Credit Advisors II LLC (“OTCA II”), together with OCA, OPFA, ODCA and the Adviser, the “Blue Owl Credit Advisers”, which are also investment advisers. The Blue Owl Credit Advisers are indirect affiliates of Blue Owl and comprise part of Blue Owl’s Credit platform, which focuses on direct lending. The Blue Owl Credit Advisers’ investment allocation policy seeks to ensure equitable allocation of investment opportunities between the Company and other funds managed by the Adviser or its affiliates. As a result of the Order, there could be significant overlap in the Company’s investment portfolio and investment portfolios of the BDCs, private funds and separately managed accounts managed by the Blue Owl Credit Advisers (collectively, the “Blue Owl Credit Clients”) and/or other funds managed by the Adviser or its affiliates that could avail themselves of the Order and that have investment objective similar to the Company.

License Agreement

On July 6, 2023, the Company entered into a license agreement (the “License Agreement”) with an affiliate of Blue Owl, pursuant to which we were granted a non-exclusive license to use the name “Blue Owl”. Under the License Agreement, the Company has a right to use the Blue Owl name for so long as the Adviser or one of its affiliates remains the Company’s investment adviser. Other than with respect to this limited license, the Company has no legal right to the “Blue Owl” name or logo.

Controlled/Affiliated Portfolio Companies

Under the 1940 Act, the Company is required to separately identify non-controlled investments where it owns 5% or more of a portfolio company’s outstanding voting securities and/or had the power to exercise control over the management or policies of such portfolio company as investments in “affiliated” companies. In addition, under the 1940 Act, the Company is required to separately identify investments where it owns more than 25% of a portfolio company’s outstanding voting securities and/or had the power to exercise control over the management or policies of such portfolio company as investments in “controlled” companies. Under the 1940 Act, “non-affiliated investments” are defined as investments that are neither controlled investments nor affiliated investments. Detailed information with respect to the Company’s non-controlled, non-affiliated; non-controlled, affiliated; and controlled affiliated investments is contained in the accompanying consolidated financial statements, including the consolidated schedule of investments. The information in the tables below is presented on an aggregate portfolio basis, without regard to whether they are non-controlled non-affiliated, non-controlled affiliated or controlled affiliated investments.

The Company has made investments in non-controlled, affiliated companies, including Fifth Season Investments LLC (“Fifth Season”) and LSI Financing DAC 1 (“LSI Financing”) and in Blue Owl Credit SLF LLC (“Credit SLF”), a controlled, affiliated company. For further description of Credit SLF, see “Note 4. Investments.”

Fifth Season is a portfolio company created to invest in life insurance based assets, including secondary and tertiary life settlement and other life insurance exposures using detailed analytics, internal life expectancy review and sophisticated portfolio management techniques. On July 18, 2022, the Company made an initial equity investment in Fifth Season. As of September 30, 2024 its equity investment in Fifth Season was $79.2 million at fair value. The Company’s investment in Fifth Season is a co-investment

with its affiliates in accordance with the terms of the exemptive relief that the Company received from the SEC. The Company does not consolidate its equity interest in Fifth Season.

LSI Financing is a portfolio company formed to acquire contractual rights to revenue pursuant to earnout agreements generally in the life sciences space. On December 14, 2022, the Company made an initial investment in LSI Financing. As of September 30, 2024 its investment in LSI Financing was $16.4 million at fair value. The Company’s investment in LSI Financing is a co-investment with its affiliates in accordance with the terms of the exemptive relief that the Company received from the SEC. The Company does not consolidate its equity interest in LSI Financing.

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Investments

9 Months Ended

Sep. 30, 2024

Schedule of Investments [Abstract]

Investments

Investments

The table below presents the composition of investments at fair value and amortized cost as of the following periods:

	September 30, 2024				December 31, 2023
($ in thousands)	Amortized Cost		Fair Value		Amortized Cost		Fair Value
First-lien senior secured debt investments	$	4,442,986	$	4,453,641	$	3,987,458	$	3,983,668
Second-lien senior secured debt investments	340,991		321,133		460,037		454,090
Unsecured debt investments	334,929		339,634		436,423		427,862
Preferred equity investments(1)	765,814		692,369		905,784		861,779
Common equity investments(2)	533,698		587,884		423,524		404,623
Joint ventures(3)	2,189		2,187		—		—
Total Investments	$	6,420,607	$	6,396,848	$	6,213,226	$	6,132,022

________________

(1)Includes equity investment in LSI Financing.

(2)Includes equity investment in Fifth Season.

(3)Includes equity investment in Credit SLF.

The Company uses Global Industry Classification Standards (“GICS”) for classifying the industry groupings of its portfolio companies. The table below presents the industry composition of investments based on fair value as of the following periods:

	September 30, 2024		December 31, 2023
Aerospace & Defense	2.2	%	2.2	%
Application Software	14.0		14.0
Banks	1.2		1.2
Building Products	0.9		0.9
Buildings & Real Estate	1.1		—
Capital Markets	—		0.5
Commercial Services & Supplies	0.3		—
Construction & Engineering(4)	—		—
Consumer Finance	0.5		0.3
Diversified Consumer Services	3.9		5.1
Diversified Financial Services	6.8		6.2
Electrical Equipment	—		0.8
Energy Equipment & Services	1.9		2.0
Entertainment	1.9		—
Equity Real Estate Investment Trusts (REITs)	0.1		—
Food & Staples Retailing	0.4		0.4
Health Care Providers & Services	1.0		1.1
Health Care Technology	16.0		14.4
Hotels, Restaurants & Leisure	1.9		2.6
Household Durables	1.3		1.3
Industrial Conglomerates	1.4		1.4
Insurance(1)	2.2		1.6
Internet & Direct Marketing Retail	4.3		3.8
IT Services	3.7		5.1
Joint Ventures(3)(4)	—		—
Life Sciences Tools & Services	0.1		0.1
Media	0.9		—
Multiline Retail	0.1		—
Pharmaceuticals(2)	1.1		0.4
Professional Services	5.9		7.7
Real Estate Management & Development	0.8		0.9
Road & Rail	0.2		0.2
Systems Software	23.9		24.7
Thrifts & Mortgage Finance(4)	—		1.1
Total	100.0	%	100.0	%

________________

(1)Includes investment in Fifth Season.

(2)Includes investment in LSI Financing.

(3)Includes equity investment in Credit SLF. See below, within Note 4, for more information regarding Credit SLF.

(4)Rounds to less than 0.1% as of September 30, 2024.

The table below presents the geographic composition of investments based on fair value as of the following periods:

	September 30, 2024		December 31, 2023
United States:
Midwest	20.6	%	19.7	%
Northeast	14.9		16.0
South	20.8		17.1
West	27.8		31.5
Brazil	0.6		0.6
Canada	4.1		4.3
Estonia	0.2		0.2
Guernsey	1.4		3.7
Ireland	0.3		0.2
Israel	2.3		2.5
Netherlands	0.5		1.0
Norway	0.4		—
Spain	0.3		—
Sweden	0.5		—
United Kingdom	5.3		3.2
Total	100.0	%	100.0	%

Blue Owl Credit SLF LLC

On May 6, 2024 Credit SLF, a Delaware limited liability company, was formed as a joint venture between the Company, Blue Owl Capital Corporation, Blue Owl Capital Corporation II, Blue Owl Capital Corporation III, Blue Owl Credit Income Corp., Blue Owl Technology Finance Corp. II, Blue Owl Technology Income Corp., and State Teachers Retirement System of Ohio (“OSTRS”) (each, a “Credit SLF Member” and collectively, the “Credit SLF Members”). The Credit SLF Members co-manage Credit SLF. Credit SLF’s principal purpose is to make investments in senior secured loans to middle-market companies, broadly syndicated loans and senior and subordinated notes issued by collateralized loan obligations. Credit SLF is managed by a board consisting of an equal number of representatives appointed by each Credit SLF Member and which acts unanimously. Investment decisions must be approved by Credit SLF’s board. The Company’s investment in Credit SLF is a co-investment made with its affiliates in accordance with the terms of the exemptive relief that it received from the SEC. The Company does not consolidate its non-controlling interest in Credit SLF. Credit SLF’s investments at fair value are determined in accordance with FASB ASC 820, as amended; however, such fair value is not included in the Company's valuation process.

As of September 30, 2024, the capital commitment and economic ownership of each Credit SLF Member is as follows:

Members	Capital Commitment		Economic ownership interest
($ in thousands)
Blue Owl Capital Corporation	$	24,500	42.8	%
Blue Owl Capital Corporation II	500		0.9	%
Blue Owl Capital Corporation III	6,250		10.9	%
Blue Owl Credit Income Corp.	11,250		19.7	%
Blue Owl Technology Finance Corp.	2,500		4.4	%
Blue Owl Technology Finance Corp. II	2,500		4.4	%
Blue Owl Technology Income Corp.	2,500		4.4	%
State Teachers Retirement System of Ohio	7,143		12.5	%
Total	$	57,143	100.0	%

The table below sets forth Credit SLF's consolidated financial data (unaudited) as of and for the following periods:

	As of
($ in thousands)	September 30, 2024
Consolidated Balance Sheet Data
Cash	$	16,174
Investments at fair value	$	150,220
Total Assets	$	166,462
Total Debt (net of unamortized debt issuance costs)	$	31,326
Total Liabilities	$	116,474
Total Credit SLF Members' Equity	$	49,988

	For the Three Months Ended September 30,		For the Nine Months Ended September 30,
($ in thousands)	2024(1)		2024(1)
Consolidated Statement of Operations Data
Investment income	$	556	$	556
Net operating expenses	602		672
Net investment income (loss)	$	(46)	$	(116)
Total net realized and unrealized gain (loss)	104		104
Net increase (decrease) in Credit SLF Members' Equity resulting from operations	$	58	$	(12)

________________

(1)Credit SLF commenced operations on May 6, 2024.

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Debt

9 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

Debt

Debt

In accordance with the 1940 Act, with certain limitations, the Company is allowed to borrow amounts such that its asset coverage, as defined in the 1940 Act, is at least 150% after such borrowing. The Company’s asset coverage was 218% and 217% as of September 30, 2024 and December 31, 2023, respectively.

The tables below present the debt obligations for the following periods:

	September 30, 2024
($ in thousands)	Aggregate Principal Committed		Outstanding Principal		Amount Available(1)		Unamortized Debt Issuance Costs		Net Carrying Value
Revolving Credit Facility(2)	$	1,115,000	$	351,472	$	763,528	$	13,696	$	337,778
SPV Asset Facility I	600,000		600,000		—		5,037		594,963
SPV Asset Facility II	300,000		300,000		—		1,258		298,742
June 2025 Notes	210,000		210,000		—		928		209,072
December 2025 Notes	650,000		650,000		—		(1,888)		651,888
June 2026 Notes	375,000		375,000		—		2,599		372,401
January 2027 Notes	300,000		300,000		—		3,520		296,480
CLO 2020-1	204,000		204,000		—		4,117		199,883
Total Debt	$	3,754,000	$	2,990,472	$	763,528	$	29,267	$	2,961,207

________________

(1)The amount available reflects any limitations related to each credit facility’s borrowing base.

(2)Net carrying value includes the unrealized translation gain (loss) on borrowings denominated in foreign currencies.

	December 31, 2023
($ in thousands)	Aggregate Principal Committed		Outstanding Principal		Amount Available(1)		Unamortized Debt Issuance Costs		Net Carrying Value
Revolving Credit Facility(2)	$	1,090,000	$	343,393	$	746,607	$	16,127	$	327,266
SPV Asset Facility I	600,000		600,000		—		5,547		594,453
SPV Asset Facility II	300,000		300,000		—		1,897		298,103
June 2025 Notes	210,000		210,000		—		1,825		208,175
December 2025 Notes	650,000		650,000		—		(3,042)		653,042
June 2026 Notes	375,000		375,000		—		3,684		371,316
January 2027 Notes	300,000		300,000		—		4,636		295,364
CLO 2020-1	204,000		204,000		—		4,390		199,610
Total Debt	$	3,729,000	$	2,982,393	$	746,607	$	35,064	$	2,947,329

________________

(1)The amount available reflects any limitations related to each credit facility’s borrowing base.

(2)Net carrying value includes the unrealized translation gain (loss) on borrowings denominated in foreign currencies.

The table below presents the components of interest expense for the following periods:

	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
($ in thousands)	2024			2023			2024			2023
Interest expense	$	46,170		$	46,510		$	139,456		$	139,099
Amortization of debt issuance costs	2,108			3,147			6,528			7,349
Total Interest Expense	$	48,278		$	49,657		$	145,984		$	146,448
Average interest rate	6.2		%	6.3		%	6.2		%	6.1		%
Average daily borrowings	$	2,931,667		$	2,937,811		$	2,956,886		$	3,057,860

Credit Facilities

Subscription Credit Facility

On November 19, 2018, the Company entered into a revolving credit facility (as amended, the “Subscription Credit Facility”) with Wells Fargo Bank, National Association (“Wells Fargo”) as administrative agent (the “Administrative Agent”) and letter of credit issuer, and the banks and financial institutions from time to time party thereto, as lenders.

The Subscription Credit Facility permitted the Company to borrow up to $700 million, subject to availability under the “Borrowing Base”. The Borrowing Base was calculated based on the unused Capital Commitments of the investors meeting various eligibility requirements above certain concentration limits. Effective November 5, 2021, the outstanding balance on the Subscription Credit Facility was paid in full and the facility was terminated pursuant to its terms.

Borrowings under the Subscription Credit Facility bore interest, at the Company’s election at the time of drawdown, at a rate per annum equal to (i) in the case of LIBOR rate loans, an adjusted LIBOR rate for the applicable interest period plus 1.50% or (ii) in the case of reference rate loans, the greatest of (A) a prime rate plus 0.50%, (B) the federal funds rate plus 1.00%, and (C) one-month LIBOR plus 1.50%. The Company generally borrowed utilizing LIBOR rate loans, generally electing one-month LIBOR upon borrowing. Loans were able to be converted from one rate to another at any time at the Company’s election, subject to certain conditions. The Company also paid an unused commitment fee of 0.25% per annum on the unused commitments.

Revolving Credit Facility

    On November 15, 2022, the Company entered into an Amended and Restated Senior Secured Revolving Credit Agreement (the “Revolving Credit Facility”), which amended and restated in its entirety that certain Senior Secured Revolving Credit Agreement, dated as of March 15, 2019 (as amended, restated, supplemented or otherwise modified prior to November 15, 2022). The parties to the Revolving Credit Facility include the Company, as Borrower, the lenders from time to time parties thereto (each a “Lender” and collectively, the “Lenders”), Truist Bank as Administrative Agent, Truist Securities, Inc., ING Capital LLC, MUFG Bank, Ltd., Sumitomo Mitsui Banking Corporation and JPMorgan Chase Bank, N.A., as Joint Lead Arrangers and Truist Securities, Inc. and ING Capital LLC, as Joint Bookrunners. On September 26, 2023 (the “Revolving Credit Facility First Amendment Date”), the parties to the Revolving Credit Facility entered into an amendment to, among other things, extend the availability period and maturity date for

certain lenders, convert a portion of the existing revolver availability into term loan availability, reduce the credit adjustment spread for US dollar denominated term SOFR loans to 0.10% for all tenors and make various other changes. On June 13, 2024 (the “Revolving Credit Facility Second Amendment Date”), certain parties to the Revolving Credit Facility entered into an amendment, to among other things, replace the interest rate benchmark for loans denominated in Canadian Dollars from CDOR to CORRA, which includes a credit adjustment spread of 0.29547% for one-month tenor loans and 0.32138% for three-month tenor loans.The following describes the terms of the Revolving Credit Facility amended through the Revolving Credit Facility Second Amendment Date.

The Revolving Credit Facility is guaranteed by certain of the Company's subsidiaries in existence on the Revolving Credit Facility Second Amendment Date, and will be guaranteed by certain subsidiaries of the Company that are formed or acquired by the Company in the future (collectively, the “Guarantors”). Proceeds of the Revolving Credit Facility may be used for general corporate purposes, including the funding of portfolio investments.

As of the Revolving Credit Facility Second Amendment Date, the Revolving Credit Facility provides for, on an aggregated basis, a total of outstanding term loans and revolving credit facility commitments in the principal amount of $1.12 billion, which is comprised of (a) a term loan in a principal amount of $75.0 million (which term loan amount was increased from $50.0 million to $75.0 million on February 29, 2024) and (b) subject to availability under the borrowing base, which is based on the Company’s portfolio investments and other outstanding indebtedness, a revolving credit facility in a principal amount of up to $1.04 billion (on an aggregated basis, the aggregate outstanding term loans and revolving credit facility commitments under the Revolving Credit Facility increased from $1.09 billion to $1.12 billion on February 29, 2024). The amount available for borrowing under the revolving credit facility commitments of the Revolving Credit Facility is reduced by any standby letters of credit issued through the Revolving Credit Facility. Maximum capacity under the Revolving Credit Facility may be increased to $1.64 billion through the Company's exercise of an uncommitted accordion feature through which existing and new lenders may, at their option, agree to provide additional financing. The Revolving Credit Facility includes a $200.0 million limit for swingline loans, and is secured by a perfected first-priority interest in substantially all of the portfolio investments held by the Company and each Guarantor, subject to certain exceptions.

The availability period under the Revolving Credit Facility will terminate on September 24, 2027 (the “Revolving Credit Facility Commitment Termination Date”) and the Revolving Credit Facility will mature on September 26, 2028 (the “Revolving Credit Facility Maturity Date”). During the period from the Revolving Credit Facility Commitment Termination Date to the Revolving Credit Facility Maturity Date, the Company will be obligated to make mandatory prepayments under the Revolving Credit Facility out of the proceeds of certain asset sales and other recovery events and equity and debt issuances.

The Company may borrow amounts in U.S. dollars or certain other permitted currencies. Amounts drawn under the Revolving Credit Facility with respect to the commitments in U.S. dollars will bear interest at either (i) term SOFR plus any applicable credit adjustment spread plus margin of either 1.875% per annum or, if the gross borrowing base is greater than or equal to the product of 1.60 and the combined debt amount, 1.75% per annum, or (ii) the alternative base rate plus a margin of either 0.875% per annum or, if the gross borrowing base is greater than or equal to the product of 1.60 and the combined debt amount, 0.75% per annum. With respect to loans denominated in U.S. dollars, the Company may elect either term SOFR or the alternative base rate at the time of drawdown, and such loans may be converted from one rate to another at any time at the Company’s option, subject to certain conditions. Amounts drawn under the Revolving Credit Facility with respect to the commitments in other permitted currencies will bear interest at the relevant rate specified therein (including any applicable credit adjustment spread plus margin of either 1.875% per annum or, if the gross borrowing base is greater than or equal to the product of 1.60 and the combined debt amount, 1.75% per annum.

The Revolving Credit Facility includes customary covenants, including certain limitations on the incurrence by the Company of additional indebtedness and on the Company’s ability to make distributions to its shareholders, or redeem, repurchase or retire shares of stock, upon the occurrence of certain events and certain financial covenants related to asset coverage and liquidity and other maintenance covenants, as well as customary events of default. The Revolving Credit Facility requires a minimum asset coverage ratio with respect to the consolidated assets of the Company and its subsidiaries to senior securities that constitute indebtedness of no less than 1.50 to 1.00 at any time.

SPV Asset Facilities

Certain of the Company's wholly owned subsidiaries are parties to credit facilities (the “SPV Asset Facilities”). Pursuant to the SPV Asset Facilities, the Company sells and contributes certain investments to these wholly owned subsidiaries pursuant to sale and contribution agreements by and between the Company and the wholly owned subsidiaries. No gain or loss is recognized as a result of these contributions. Proceeds from the SPV Asset Facilities are used to finance the origination and acquisition of eligible assets by the wholly owned subsidiary, including the purchase of such assets from the Company. The Company retains a residual interest in assets contributed to or acquired to the wholly owned subsidiary through the Company’s ownership of the wholly owned subsidiary. The SPV Asset Facilities are secured by a perfected first priority security interest in the assets of these wholly owned subsidiaries and on any payments received by such wholly owned subsidiaries in respect of those assets. Assets pledged to lenders under the SPV Asset Facilities will not be available to pay the Company's debts. The SPV Asset Facilities contain customary covenants, including certain limitations on the incurrence by the Company of additional indebtedness and on the Company’s ability to make distributions to

their shareholders, or redeem, repurchase or retire shares of stock, upon the occurrence of certain events, and customary events of default (with customary cure and notice provisions).

SPV Asset Facility I

On December 22, 2022 (the “SPV Asset Facility I Closing Date”), OR Tech Financing I LLC (“OR Tech Financing I”), a Delaware limited liability company and wholly-owned subsidiary of the Company entered into an Amended and Restated Credit Agreement (the “SPV Asset Facility I”), which amends and restates in its entirety that certain Credit Agreement, dated as of August 11, 2020, by and among OR Tech Financing I, as Borrower, Alter Domus (US) LLC, as Administrative Agent and Document Custodian, State Street Bank and Trust Company, as Collateral Agent, Collateral Administrator and Custodian and the lenders from time to time party thereto (the “SPV Asset Facility I Lenders”). On March 30, 2023, the parties to the SPV Asset Facility I entered into an amendment and the following describes the terms of SPV Asset Facility I as amended through such date.

From time to time, the Company expects to sell and contribute certain investments to OR Tech Financing I pursuant to a Sale and Contribution Agreement by and between the Company and OR Tech Financing I. No gain or loss will be recognized as a result of the contribution. Proceeds from the SPV Asset Facility I will be used to finance the origination and acquisition of eligible assets by OR Tech Financing I, including the purchase of such assets from the Company. The Company retains a residual interest in assets contributed to or acquired by OR Tech Financing I through ownership of OR Tech Financing I. The total term loan commitment of the SPV Asset Facility I is $600 million (increased from $450 million on March 30, 2023). The availability of the commitments are subject to a ramp up period and subject to an overcollateralization ratio test, which is based on the value of OR Tech Financing I assets from time to time, and satisfaction of certain other tests and conditions, including an advance rate test, interest coverage ratio test, certain concentration limits and collateral quality tests.

The SPV Asset Facility I provides for the ability to draw term loans for a period of up to three years after the SPV Asset Facility I Closing Date unless the commitments are terminated as provided in the SPV Asset Facility I. Unless otherwise terminated, the SPV Asset Facility I will mature on December 22, 2033 (the “SPV Asset Facility I Stated Maturity”). Prior to the SPV Asset Facility I Stated Maturity, proceeds received by OR Tech Financing I from principal and interest, dividends, or fees on assets must be used to pay fees, expenses and interest on outstanding borrowings, and the excess may be returned to the Company, subject to certain conditions. On the SPV Asset Facility I Stated Maturity, OR Tech Financing I must pay in full all outstanding fees and expenses and all principal and interest on outstanding borrowings, and the excess may be returned to the Company.

Amounts drawn bear interest at term SOFR plus a spread of 3.31%. The SPV Asset Facility I contains customary covenants, limitations on the activities of OR Tech Financing I, including limitations on incurrence of incremental indebtedness, and customary events of default. The SPV Asset Facility I is secured by a perfected first priority security interest in the assets of OR Tech Financing I and on any payments received by OR Tech Financing I in respect of those assets. Assets pledged to the SPV Asset Facility I Lenders will not be available to pay the debts of the Company.

SPV Asset Facility II

On November 16, 2021 (the “SPV Asset Facility II Closing Date”), ORTF Funding I LLC (“ORTF Funding I”), a Delaware limited liability company and the Company’s wholly-owned subsidiary entered into a Credit Agreement (the “SPV Asset Facility II”), with ORTF Funding I LLC, as Borrower, the lenders from time to time parties thereto, Goldman Sachs Bank USA as Sole Lead Arranger, Syndication Agent and Administrative Agent, State Street Bank and Trust company as Collateral Administrator and Collateral Agent and Alter Domus (US) LLC as Collateral Custodian. On the SPV Asset Facility II Closing Date, ORTF Funding I and Goldman Sachs Bank USA, as Administrative Agent, also entered into a Margining Agreement relating to the Secured Credit Facility (the “Margining Agreement”). The following describes the terms of the SPV Asset Facility II as amended through June 23, 2023.

From time to time, the Company expects to sell and contribute certain investments to ORTF Funding I pursuant to a Sale and Contribution Agreement by and between the Company and ORTF Funding I. No gain or loss will be recognized as a result of the contribution. Proceeds from SPV Asset Facility II will be used to finance the origination and acquisition of eligible assets by ORTF Funding I, including the purchase of such assets from the Company. The Company retains a residual interest in assets contributed to or acquired by ORTF Funding I through their ownership of ORTF Funding I. The maximum principal amount which may be borrowed under SPV Asset Facility II is $300 million; the availability of this amount is subject to a borrowing base test, which is based on the value of ORTF Funding I’s assets from time to time, and satisfaction of certain conditions, including certain concentration limits.

The SPV Asset Facility II provides for the ability to draw and redraw revolving loans for a period of up to three years after the SPV Asset Facility II Closing Date. Unless otherwise terminated, the SPV Asset Facility II will mature on November 16, 2026 (the “SPV Asset Facility II Stated Maturity”). Prior to the SPV Asset Facility II Stated Maturity, proceeds received by ORTF Funding I from principal and interest, dividends, or fees on assets must be used to pay fees, expenses and interest on outstanding borrowings, and the excess may be returned to the Company, subject to certain conditions. On the SPV Asset Facility II Stated Maturity, ORTF Funding I must pay in full all outstanding fees and expenses and all principal and interest on outstanding borrowings, and the excess

may be returned to the Company. The SPV Asset Facility II may be permanently reduced, in whole or in part, at the option of ORTF Funding I subject to payment of a premium for a period of time.

Amounts drawn bear interest at Term SOFR plus a spread of 2.625% and the spread is payable on the amount by which the undrawn amount exceeds a minimum threshold, initially zero and ramping to 75% of the commitment amount. The undrawn amount of the commitment not subject to such spread payment is subject to an undrawn fee of 0.50% per annum. Certain additional fees are payable on each payment date to Goldman Sachs Bank USA as Administrative Agent. In addition, under the Margining Agreement and Credit Agreement, ORTF Funding I is required to post cash margin (or in certain cases, additional eligible assets) to the Administrative Agent if a borrowing base deficiency occurs or if the weighted average price gap (as defined in the Margining Agreement), which is a measure of the excess of the aggregate value assigned to ORTF Funding I’s assets for purposes of the borrowing base test over the total amount drawn under the SPV Asset Facility II, falls below 20%.

Unsecured Notes

June 2025 Notes

On June 12, 2020, the Company issued $210 million aggregate principal amount of 6.75% notes due 2025 (the “June 2025 Notes”) in a private placement in reliance on Section 4(a)(2) of the Securities Act and for initial resale to qualified institutional buyers pursuant to the exemption from registration provided by Rule 144A promulgated under the Securities Act. The June 2025 Notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

The June 2025 Notes were issued pursuant to an Indenture dated as of June 12, 2020 (the “Base Indenture”), between the Company and Computershare Trust Company, N.A. as successor to Wells Fargo Bank, National Association, as trustee (the “Trustee”), and a First Supplemental Indenture, dated as of June 12, 2020 (the “First Supplemental Indenture” and together with the Base Indenture, the “June 2025 Indenture”), between the Company and the Trustee. The June 2025 Notes will mature on June 30, 2025 and may be redeemed in whole or in part at the Company's option at any time or from time to time at the redemption prices set forth in the June 2025 Indenture. The June 2025 Notes initially bear interest at a rate of 6.75% per year payable semi-annually on June 30 and December 30 of each year, commencing on December 30, 2020. As described in the First Supplemental Indenture, if the June 2025 Notes cease to have an investment grade rating from Kroll Bond Rating Agency (or if Kroll Bond Rating Agency ceases to rate the June 2025 Notes or fails to make a rating of the June 2025 Notes publicly available for reasons outside of the Company’s control, a “nationally recognized statistical rating organization,” as defined in Section 3(a)(62) of the Exchange Act, selected by the Company as a replacement agency for Kroll Bond Rating Agency) (an “Interest Rate Adjustment Event”), the interest rate on the June 2025 Notes will increase to 7.50% from the date of the Interest Rate Adjustment Event until the date on which the June 2025 Notes next again receive an investment grade rating. The June 2025 Notes are the Company’s direct, general unsecured obligations and rank senior in right of payment to all of the Company’s future indebtedness or other obligations that are expressly subordinated, or junior, in right of payment to the June 2025 Notes. The June 2025 Notes rank pari passu, or equal, in right of payment with all of the Company’s existing and future indebtedness or other obligations that are not so subordinated, or junior. The June 2025 Notes rank effectively subordinated, or junior, to any of the Company’s future secured indebtedness or other obligations (including unsecured indebtedness that the Company later secures) to the extent of the value of the assets securing such indebtedness. The June 2025 Notes will rank structurally subordinated, or junior, to all existing and future indebtedness and other obligations (including trade payables) incurred by the Company’s subsidiaries, financing vehicles or similar facilities.

The June 2025 Indenture contains certain covenants, including covenants requiring the Company to (i) comply with the asset coverage requirements of the 1940 Act, whether or not it is subject to those requirements, and (ii) provide financial information to the holders of the June 2025 Notes and the Trustee if the Company is no longer subject to the reporting requirements under the Exchange Act. These covenants are subject to important limitations and exceptions that are described in the June 2025 Indenture.

In addition, if a change of control repurchase event, as defined in the June 2025 Indenture, occurs prior to maturity, holders of the June 2025 Notes will have the right, at their option, to require the Company to repurchase for cash some or all of the June 2025 Notes at a repurchase price equal to 100% of the aggregate principal amount of the June 2025 Notes being repurchased, plus accrued and unpaid interest to, but excluding, the repurchase date.

December 2025 Notes

On September 23, 2020, the Company issued $400 million aggregate principal amount of its 4.75% notes due 2025 (the “December 2025 Notes”) in a private placement in reliance on Section 4(a)(2) of the Securities Act, and for initial resale to qualified institutional buyers pursuant to the exemption from registration provided by Rule 144A promulgated under the Securities Act. On November 23, 2021, we issued an additional $250 million aggregate principal amount of the December 2025 Notes in a private placement in reliance on Section 4(a)(2) of the Securities Act, and for initial resale to qualified institutional buyers pursuant to the exemption from registration provided by Rule 144A promulgated under the Securities Act. The December 2025 Notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

The December 2025 Notes were issued pursuant to the Base Indenture and a Second Supplemental Indenture, dated as of September 23, 2020 (the “Second Supplemental Indenture” and together with the Base Indenture, the “December 2025 Indenture”), between the Company and the Trustee. The December 2025 Notes will mature on December 15, 2025 and may be redeemed in whole or in part at the Company’s option at any time or from time to time at the redemption prices set forth in the December 2025 Indenture. The December 2025 Notes bear interest at a rate of 4.75% per year payable semi-annually on June 15 and December 15 of each year, commencing on December 15, 2020. The December 2025 Notes are the Company’s direct, general unsecured obligations and rank senior in right of payment to all of the Company’s future indebtedness or other obligations that are expressly subordinated, or junior, in right of payment to the December 2025 Notes. The December 2025 Notes rank pari passu, or equal, in right of payment with all of the Company’s existing and future indebtedness or other obligations that are not so subordinated, or junior. The December 2025 Notes rank effectively subordinated, or junior, to any of the Company’s future secured indebtedness or other obligations (including unsecured indebtedness that the Company later secures) to the extent of the value of the assets securing such indebtedness. The December 2025 Notes rank structurally subordinated, or junior, to all existing and future indebtedness and other obligations (including trade payables) incurred by the Company’s subsidiaries, financing vehicles or similar facilities.

The Indenture contains certain covenants, including covenants requiring the Company to (i) comply with the asset coverage requirements of the 1940 Act, whether or not it is subject to those requirements, and (ii) provide financial information to the holders of the December 2025 Notes and the Trustee if the Company is no longer subject to the reporting requirements under the Exchange Act. These covenants are subject to important limitations and exceptions that are described in the Indenture.

In addition, if a change of control repurchase event, as defined in the December 2025 Indenture, occurs prior to maturity, holders of the December 2025 Notes will have the right, at their option, to require the Company to repurchase for cash some or all of the December 2025 Notes at a repurchase price equal to 100% of the aggregate principal amount of the December 2025 Notes being repurchased, plus accrued and unpaid interest to, but excluding, the repurchase date.

June 2026 Notes

On December 17, 2020, the Company issued $375 million aggregate principal amount of 3.75% notes due 2026 (the “June 2026 Notes”) in a private placement in reliance on Section 4(a)(2) of the Securities Act, and for initial to qualified institutional buyers pursuant to the exemption from registration provided by Rule 144A promulgated under the Securities Act. The June 2026 Notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

The June 2026 Notes were issued pursuant to the Base Indenture and a Third Supplemental Indenture, dated as of December 17, 2020 (the “Third Supplemental Indenture” and together with the Base Indenture, the “June 2026 Indenture”), between the Company and the Trustee. The June 2026 Notes will mature on June 17, 2026 and may be redeemed in whole or in part at the Company’s option at any time or from time to time at the redemption prices set forth in the June 2026 Indenture. The June 2026 Notes bear interest at a rate of 3.75% per year payable semi-annually on June 17 and December 17 of each year, commencing on June 17, 2021. The June 2026 Notes are the Company’s direct, general unsecured obligations and will rank senior in right of payment to all of the Company's future indebtedness or other obligations that are expressly subordinated, or junior, in right of payment to the June 2026 Notes. The June 2026 Notes rank pari passu, or equal, in right of payment with all of the Company’s existing and future indebtedness or other obligations that are not so subordinated, or junior to the June 2026 Notes. The June 2026 Notes rank effectively subordinated, or junior, to any of the Company’s future secured indebtedness or other obligations (including unsecured indebtedness that the Company later secures) to the extent of the value of the assets securing such indebtedness. The June 2026 Notes rank structurally subordinated, or junior, to all existing and future indebtedness and other obligations (including trade payables) incurred by the Company’s subsidiaries, financing vehicles or similar facilities.

The June 2026 Indenture contains certain covenants, including covenants requiring the Company to (i) comply with the asset coverage requirements of the Investment Company Act of 1940, as amended 1940, whether or not it is subject to those requirements, and (ii) provide financial information to the holders of the June 2026 Notes and the Trustee if the Company is no longer subject to the reporting requirements under the Securities Exchange Act of 1934, as amended. These covenants are subject to important limitations and exceptions that are described in the Indenture.

In addition, if a change of control repurchase event, as defined in the June 2026 Indenture, occurs prior to maturity, holders of the June 2026 Notes will have the right, at their option, to require the Company to repurchase for cash some or all of the June 2026 Notes at a repurchase price equal to 100% of the aggregate principal amount of the June 2026 Notes being repurchased, plus accrued and unpaid interest to, but excluding, the repurchase date.

January 2027 Notes

On June 14, 2021, the Company issued $300 million aggregate principal amount of 2.50% notes due 2027 (the “January 2027 Notes”).

The January 2027 Notes were issued pursuant to the Base Indenture and a Fourth Supplemental Indenture, dated as of December 17, 2020 (the “Fourth Supplemental Indenture” and together with the Base Indenture, the “January 2027 Indenture”),

between the Company and the Trustee. The January 2027 Notes will mature on January 15, 2027 and may be redeemed in whole or in part at the Company’s option at any time or from time to time at the redemption prices set forth in the January 2027 Indenture. The January 2027 Notes bear interest at a rate of 2.50% per year, payable semi-annually on January 15 and July 15 of each year, commencing on January 15, 2022. The January 2027 Notes are the Company’s direct, general unsecured obligations and rank senior in right of payment to all of the Company’s future indebtedness or other obligations that are expressly subordinated, or junior, in right of payment to the January 2027 Notes. The January 2027 Notes rank pari passu, or equal, in right of payment with all of the Company’s existing and future indebtedness or other obligations that are not so subordinated, or junior to the January 2027 Notes. The January 2027 Notes rank effectively subordinated, or junior, to any of the Company’s future secured indebtedness or other obligations (including unsecured indebtedness that the Company later secures) to the extent of the value of the assets securing such indebtedness. The January 2027 Notes rank structurally subordinated, or junior, to all existing and future indebtedness and other obligations (including trade payables) incurred by the Company’s subsidiaries, financing vehicles or similar facilities.

The January 2027 Indenture contains certain covenants, including covenants requiring the Company to (i) comply with the asset coverage requirements of the Investment Company Act of 1940, as amended 1940 Act, whether or not it is subject to those requirements, and (ii) provide financial information to the holders of the January 2027 Notes and the Trustee if the Company is no longer subject to the reporting requirements under the Securities Exchange Act of 1934, as amended. These covenants are subject to important limitations and exceptions that are described in the Indenture.

In addition, if a change of control repurchase event, as defined in the January 2027 Indenture, occurs prior to maturity, holders of the January 2027 Notes will have the right, at their option, to require the Company to repurchase for cash some or all of the January 2027 Notes at a repurchase price equal to 100% of the aggregate principal amount of the January 2027 Notes being repurchased, plus accrued and unpaid interest to, but excluding, the repurchase date.

Debt Securitization Transactions

CLO 2020-1

On December 16, 2020 (the “CLO 2020-1 Closing Date”), the Company completed a $333.5 million term debt securitization transaction (the “CLO 2020-1 Transaction”), also known as a collateralized loan obligation transaction, which is a form of secured financing incurred by the Company. The secured notes and preferred shares issued in the CLO 2020-1 Transaction were issued by the Company’s consolidated subsidiaries Owl Rock Technology Financing 2020-1, an exempted company incorporated in the Cayman Islands with limited liability (the “CLO 2020-1 Issuer”), and Owl Rock Technology Financing 2020-1 LLC, a Delaware limited liability company (the “CLO 2020-1 Co-Issuer” and together with the CLO 2020-1 Issuer, the “CLO 2020-1 Issuers”) and are backed by a portfolio of collateral obligations consisting of middle-market loans, recurring revenue loans and participation interests in middle-market loans, recurring revenue loans as well as by other assets of the CLO 2020-1 Issuer.

The CLO 2020-1 Transaction was executed by the issuance of the following classes of notes and preferred shares pursuant to an indenture and security agreement dated as of the Closing Date (the “CLO 2020-1 Indenture”), by and among the CLO 2020-1 Issuers and State Street Bank and Trust Company: $200 million of A (sf) Class A Notes, which bore interest at term SOFR (plus a spread adjustment) plus 2.95% (the “CLO 2020-1 Secured Notes”). The CLO 2020-1 Secured Notes are secured by the middle-market loans, recurring revenue loans, participation interests in middle-market loans and recurring revenue loans and other assets of the Issuer. The CLO 2020-1 Secured Notes are scheduled to mature on the Payment Date (as defined in the CLO 2020-1 Indenture) in January 2031. The CLO 2020-1 Secured Notes were offered by MUFG Securities Americas Inc., as initial purchaser, from time to time in individually negotiated transactions. Upon the occurrence of certain triggering events relating to the end of LIBOR, a different benchmark rate will replace LIBOR as the reference rate for interest accruing on the CLO 2020-1 Secured Notes.

The CLO 2020-1 Secured Notes were redeemed in the CLO 2020-1 Refinancing, described below.

Concurrently with the issuance of the CLO 2020-1 Secured Notes, the CLO 2020-1 Issuer issued approximately $133.5 million of subordinated securities in the form of 133,500 preferred shares at an issue price of U.S. $1,000 per share (the “CLO 2020-1 Preferred Shares”). The CLO 2020-1 Preferred Shares were issued by the CLO 2020-1 Issuer as part of its issued share capital and are not secured by the collateral securing the CLO 2020-1 Secured Notes. The Company purchased all of the CLO 2020-1 Preferred Shares. The Company acts as retention holder in connection with the CLO 2020-1 Transaction for the purposes of satisfying certain U.S. and European Union regulations requiring sponsors of securitization transactions to retain exposure to the performance of the securitized assets and as such is required to retain a portion of the CLO 2020-1 Preferred Shares.

As part of the CLO 2020-1 Transaction, the Company entered into a loan sale agreement with the CLO 2020-1 Issuer dated as of the Closing Date, which provided for the sale and contribution of approximately $243.4 million par amount of middle-market loans and recurring revenue loans from the Company to the CLO 2020-1 Issuer on the Closing Date and for future sales from the Company to the CLO 2020-1 Issuer on an ongoing basis. No gain or loss was recognized as a result of these sales and contributions. Such loans constituted part of the initial portfolio of assets securing the CLO 2020-1 Secured Notes. The Company made customary representations, warranties, and covenants to the CLO 2020-1 Issuer under the loan sale agreement.

Through January 15, 2022, the net proceeds of the issuing of the CLO 2020-1 Secured Notes not used to purchase the initial portfolio of loans securing the CLO 2020-1 Secured Notes and a portion of the proceeds received by the CLO 2020-1 Issuer from the loans securing the CLO 2020-1 Secured Notes were able to be used by the CLO 2020-1 Issuer to purchase additional middle-market loans and recurring revenue loans under the direction of the Adviser, in its capacity as collateral manager for the CLO 2020-1 Issuer and in accordance with the Company’s investing strategy and ability to originate eligible middle-market loans and recurring revenue loans.

The CLO 2020-1 Secured Notes were the secured obligation of the CLO 2020-1 Issuers, and the CLO 2020-1 Indenture included customary covenants and events of default. The CLO 2020-1 Secured Notes were not registered under the Securities Act, or any state securities (e.g., “blue sky”) laws, and were not able to be offered or sold in the United States absent registration with the SEC or pursuant to an applicable exemption from such registration.

The Adviser served as collateral manager for the CLO 2020-1 Issuer under a collateral management agreement dated as of the Closing Date. The Adviser was entitled to receive fees for providing these services. The Adviser waived its right to receive such fees but may rescind such waiver at any time; provided, however, that if the Adviser rescinds such waiver, the management fee payable to the Adviser pursuant to the Investment Advisory Agreement, dated August 10, 2018, between the Adviser and the Company will be offset by the amount of the collateral management fee attributable to the CLO 2020-1 Issuers’ equity or notes owned by the Company.

CLO 2020-1 Refinancing

On August 23, 2023 (the “CLO 2020-1 Refinancing Date”), the Company completed a $337.5 million term debt securitization refinancing (the “CLO 2020-1 Refinancing”), also known as a collateralized loan obligation refinancing, which is a form of secured financing incurred by the Company. The secured notes issued in the CLO 2020-1 Refinancing were issued by the Company’s consolidated subsidiary Owl Rock Technology Financing 2020-1 LLC, a Delaware limited liability company (the “CLO 2020-1 Refinancing Issuer”) and are backed by a portfolio of collateral obligations consisting of middle-market loans and participation interests in middle-market loans as well as by other assets of the CLO 2020-1 Refinancing Issuer.

The CLO 2020-1 Refinancing was executed by the issuance of the following classes of notes pursuant to an indenture and security agreement dated as of the CLO 2020-1 Closing Date by and among the CLO 2020-1 Issuer, the CLO 2020-1 Refinancing Issuer, as co-issuer and State Street Bank and Trust Company as trustee, as supplemented by the First Supplemental Indenture dated as of July 18, 2023 by and among the CLO 2020-1 Issuer, as issuer, the CLO 2020-1 Refinancing Issuer, as co-issuer and the Trustee and the Second Supplemental Indenture dated as of the CLO 2020-1 Refinancing Date (the “CLO 2020-1 Refinancing Indenture”), by and among the CLO 2020-1 Refinancing Issuer and the Trustee: (i) $112.5 million of AAA(sf) Class A-1R Notes, which bear interest at the Benchmark plus 3.05%, (ii) $23.5 million of AAA(sf) Class A-2R Notes, which bear interest at 6.937%, (iii) $53 million of A(sf) Class B-1R Notes, which bear interest at the Benchmark plus 4.64% and (iv) $15 million of A(sf) Class B-2R Notes, which bear interest at 8.497%, (together, the “CLO 2020-1 Refinancing Secured Notes”). The CLO 2020-1 Refinancing Secured Notes are secured by the middle-market loans and other assets of the CLO 2020-1 Refinancing Issuer. The CLO 2020-1 Refinancing Secured Notes are scheduled to mature on the Payment Date (as defined in the CLO 2020-1 Refinancing Indenture) in October 2035. The CLO 2020-1 Refinancing Secured Notes were privately placed by MUFG Securities Americas Inc. and Scotia Capital (USA) Inc. The proceeds from the CLO 2020-1 Refinancing were used to redeem in full the classes of notes issued on the CLO 2020-1 Closing Date and to pay expenses incurred in connection with the CLO 2020-1 Refinancing. On the CLO 2020-1 Refinancing Date, the CLO 2020-1 Issuer was merged with and into the CLO 2020-1 Refinancing Issuer, with the CLO 2020-1 Refinancing Issuer surviving the merger. The CLO 2020-1 Refinancing Issuer assumed by all operation of law all of the rights and obligations of the CLO 2020-1 Issuer, including the subordinated securities issued by the CLO 2020-1 Issuer on the CLO 2020-1 Closing Date.

On the CLO 2020-1 Closing Date, the CLO 2020-1 Issuer entered into a loan sale agreement with Company, which provided for the sale and contribution of approximately $243.4 million par amount of middle-market loans from the Company to the CLO 2020-1 Issuer on the CLO 2020-1 Refinancing Date and for future sales from the Company to the CLO 2020-1 Issuer on an ongoing basis. No gain or loss was recognized as a result of these sales and contributions. As part of the CLO 2020-1 Refinancing, the CLO 2020-1 Refinancing Issuer, as the successor to the CLO 2020-1 Issuer, entered into an amended and restated loan sale agreement with the Company dated as of the CLO 2020-1 Refinancing Date, pursuant to which the CLO 2020-1 Refinancing Issuer assumed all ongoing obligations of the CLO 2020-1 Issuer under the original agreement and the Company sold and contributed approximately $83.93 million par amount middle-market loans to the CLO 2020-1 Refinancing Issuer on the CLO 2020-1 Refinancing Date and provides for future sales from the Company to the CLO 2020-1 Refinancing Issuer on an ongoing basis. Such loans constituted part of the portfolio of assets securing the CLO 2020-1 Refinancing Secured Notes. The Company made customary representations, warranties, and covenants to the CLO 2020-1 Refinancing Issuer under the loan sale agreement.

Through October 15, 2027, a portion of the proceeds received by the CLO 2020-1 Refinancing Issuer from the loans securing the CLO 2020-1 Refinancing Secured Notes may be used by the CLO 2020-1 Refinancing Issuer to purchase additional middle-market loans under the direction of the Adviser, in its capacity as collateral manager for the CLO 2020-1 Refinancing Issuer and in accordance with the Company’s investing strategy and ability to originate eligible middle-market loans.

The CLO 2020-1 Refinancing Secured Notes are the secured obligation of the CLO 2020-1 Refinancing Issuer, and the CLO 2020-1 Refinancing Indenture includes customary covenants and events of default. The CLO 2020-1 Refinancing Secured Notes have not been registered under the Securities Act, or any state securities (e.g., “blue sky”) laws, and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission or pursuant to an applicable exemption from such registration.

The Adviser serves as collateral manager for the CLO 2020-1 Refinancing Issuer under an amended and restated collateral management agreement dated as of the CLO 2020-1 Refinancing Date. The Adviser is entitled to receive fees for providing these services. The Adviser has waived its right to receive such fees but may rescind such waiver at any time.

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Fair Value of Financial Instruments

9 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

Fair Value of Financial Instruments

The tables below present the fair value hierarchy of cash and investments as of the following periods:

	Fair Value Hierarchy as of September 30, 2024
($ in thousands)	Level 1		Level 2		Level 3		Total
Cash	$	186,475	$	—	$	—	$	186,475
Investments:
First-lien senior secured debt investments	—		75,027		4,378,614		4,453,641
Second-lien senior secured debt investments	—		153,134		167,999		321,133
Unsecured debt investments	—		—		339,634		339,634
Preferred equity investments(1)	—		—		692,369		692,369
Common equity investments(2)	50,869		17,010		520,005		587,884
Subtotal	$	50,869	$	245,171	$	6,098,621	$	6,394,661
Investments measured at net asset value (“NAV”)(3)	—		—		—		2,187
Total Investments at fair value	$	50,869	$	245,171	$	6,098,621	$	6,396,848

________________

(1)Includes equity investment in LSI Financing.

(2)Includes equity investment in Fifth Season.

(3)Includes equity investment in Credit SLF, which is measured at fair value using the net asset value per share (or its equivalent) practical expedient and has not been categorized in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Consolidated Statements of Assets and Liabilities.

	Fair Value Hierarchy as of December 31, 2023
($ in thousands)	Level 1		Level 2		Level 3		Total
Cash	$	469,017	$	—	$	—	$	469,017
Investments:
First-lien senior secured debt investments	—		8,521		3,975,147		3,983,668
Second-lien senior secured debt investments	—		218,798		235,292		454,090
Unsecured debt investments	—		20,455		407,407		427,862
Preferred equity investments(1)	—		—		861,779		861,779
Common equity investments(2)	75,928		18,110		310,585		404,623
Total Investments at fair value	$	75,928	$	265,884	$	5,790,210	$	6,132,022

________________

(1)Includes equity investment in LSI Financing.

(2)Includes equity investment in Fifth Season.

The following tables present changes in the fair value of investments for which Level 3 inputs were used to determine the fair value as of the following periods:

	As of and for the Three Months Ended September 30, 2024
($ in thousands)	First-lien senior secured debt investments		Second-lien senior secured debt investments		Unsecured debt investments		Preferred equity investments		Common equity investments		Total
Fair value, beginning of period	$	4,156,539	$	169,510	$	322,371	$	821,664	$	376,656	$	5,846,740
Purchases of investments, net	447,656		—		—		22,209		7,902		477,767
Payment-in-kind	12,952		3,584		6,215		10,305		—		33,056
Proceeds from investments, net	(210,923)		(17,647)		—		(25,891)		(60,514)		(314,975)
Net change in unrealized gain (loss)	85,000		(1,046)		8,316		12,232		12,370		116,872
Net realized gains (losses)	(91,275)		—		—		(16,293)		23,746		(83,822)
Net amortization/accretion of premium/discount on investments	5,515		236		3,491		379		—		9,621
Transfers between investment types	(26,850)		—		(759)		(132,236)		159,845		—
Transfers into (out of) Level 3(1)	—		13,362		—		—		—		13,362
Fair value, end of period	$	4,378,614	$	167,999	$	339,634	$	692,369	$	520,005	$	6,098,621

________________

(1)Transfers between levels, if any, are recognized at the beginning of the period noted. For the three months ended September 30, 2024, transfers between Level 2 and Level 3 were as a result of changes in the observability of significant inputs for certain portfolio companies.

	As of and for the Three Months Ended September 30, 2023
($ in thousands)	First-lien senior secured debt investments		Second-lien senior secured debt investments		Unsecured debt investments		Preferred equity investments		Common equity investments		Total
Fair value, beginning of period	$	4,170,088	$	295,500	$	380,746	$	877,864	$	349,148	$	6,073,346
Purchases of investments, net	290,155		—		—		494		4,933		295,582
Payment-in-kind	11,897		3,073		9,627		2,138		—		26,735
Proceeds from investments, net	(319,485)		—		—		(2,646)		—		(322,131)
Net change in unrealized gain (loss)	(1,248)		(2,665)		(7,208)		(27,472)		(16,219)		(54,812)
Net realized gains (losses)	(32)		—		—		32		—		—
Net amortization/accretion of premium/discount on investments	6,095		87		3,588		255		—		10,025
Transfers between investment types	—		—		—		—		—		—
Transfers into (out of) Level 3(1)	(8,502)		(53,213)		—		—		(40,000)		(101,715)
Fair value, end of period	$	4,148,968	$	242,782	$	386,753	$	850,665	$	297,862	$	5,927,030

________________

(1)Transfers between levels, if any, are recognized at the beginning of the period noted. For the three months ended September 30, 2023, transfers between Level 2 and Level 3 were as a result of changes in the observability of significant inputs for certain portfolio companies.

	As of and for the Nine Months Ended September 30, 2024
($ in thousands)	First-lien senior secured debt investments		Second-lien senior secured debt investments		Unsecured debt investments		Preferred equity investments		Common equity investments		Total
Fair value, beginning of period	$	3,975,147	$	235,292	$	407,407	$	861,779	$	310,585	$	5,790,210
Purchases of investments, net	1,223,679		—		51,465		28,097		36,991		1,340,232
Payment-in-kind	40,480		8,160		23,174		29,108		—		100,922
Proceeds from investments, net	(773,877)		(86,195)		(154,087)		(27,209)		(61,762)		(1,103,130)
Net change in unrealized gain (loss)	13,099		(6,206)		14,542		(30,676)		29,789		20,548
Net realized gains (losses)	(91,296)		(806)		(13,222)		(16,293)		23,746		(97,871)
Net amortization/accretion of premium/discount on investments	18,232		954		11,114		610		—		30,910
Transfers between investment types	(26,850)		—		(759)		(153,047)		180,656		—
Transfers into (out of) Level 3(1)	—		16,800		—		—		—		16,800
Fair value, end of period	$	4,378,614	$	167,999	$	339,634	$	692,369	$	520,005	$	6,098,621

________________

(1)Transfers between levels, if any, are recognized at the beginning of the period noted. For the nine months ended September 30, 2024, transfers into (out of) Level 3 were as a result of changes in the observability of significant inputs for certain portfolio companies.

	As of and for the Nine Months Ended September 30, 2023
($ in thousands)	First-lien senior secured debt investments		Second-lien senior secured debt investments		Unsecured debt investments		Preferred equity investments		Common equity investments		Total
Fair value, beginning of period	$	4,232,118	$	448,075	$	347,322	$	834,593	$	343,941	$	6,206,049
Purchases of investments, net	412,153		—		—		10,314		12,278		434,745
Payment-in-kind	53,571		8,694		24,944		25,020		—		112,229
Proceeds from investments, net	(543,013)		(20,000)		(182)		(3,679)		—		(566,874)
Net change in unrealized gain (loss)	16,647		(1,912)		3,944		(51,820)		7,889		(25,252)
Net realized gains (losses)	(15,534)		—		(22)		32		—		(15,524)
Net amortization of discount on investments	11,400		482		10,747		459		—		23,088
Transfers between investment types	(9,500)		—		—		35,746		(26,246)		—
Transfers into (out of) Level 3(1)	(8,874)		(192,557)		—		—		(40,000)		(241,431)
Fair value, end of period	$	4,148,968	$	242,782	$	386,753	$	850,665	$	297,862	$	5,927,030

________________

(1)Transfers between levels, if any, are recognized at the beginning of the period noted. For the nine months ended September 30, 2023, transfers into (out of) Level 3 were as a result of changes in the observability of significant inputs for certain portfolio companies.

($ in thousands)	Net change in unrealized gain (loss) for the Three Months Ended September 30, 2024 on investments held at September 30, 2024		Net change in unrealized gain (loss) for the Three Months Ended September 30, 2023 on investments held at September 30, 2023
First-lien senior secured debt investments	$	250	$	(651)
Second-lien senior secured debt investments	(869)		(2,665)
Unsecured debt investments	8,316		(7,209)
Preferred equity investments	4,116		(27,471)
Common equity investments	18,562		(16,216)
Total Investments	$	30,375	$	(54,212)

($ in thousands)	Net change in unrealized gain (loss) for the Nine Months Ended September 30, 2024 on investments held at September 30, 2024		Net change in unrealized gain (loss) for the Nine Months Ended September 30, 2023 on investments held at September 30, 2023
First-lien senior secured debt investments	$	6,617	$	17,477
Second-lien senior secured debt investments	(6,259)		(2,491)
Unsecured debt investments	14,542		3,945
Preferred equity investments	(37,063)		(51,817)
Common equity investments	32,696		7,890
Total Investments	$	10,533	$	(24,996)

The following tables present quantitative information about the significant unobservable inputs of the Company’s Level 3 investments as of the following periods. The weighted average range of unobservable inputs is based on fair value of investments. The tables are not intended to be all-inclusive but instead capture the significant unobservable inputs relevant to the Company’s determination of fair value.

	As of September 30, 2024
($ in thousands)	Fair Value		Valuation Technique	Unobservable Input	Range (Weighted Average)	Impact to Valuation from an Increase in Input
First-lien senior secured debt investments	$	4,124,136	Yield Analysis	Market Yield	7.7%-16.8% (9.9%)	Decrease
	248,966		Recent Transaction	Transaction Price	97.0%-100.0% (99.3%)	Increase
	5,512		Collateral Analysis	Recovery Rate	35.0%-38.5% (37.9%)	Increase
Second-lien senior secured debt investments	$	167,999	Yield Analysis	Market Yield	15.7%-37.0% (17.5%)	Decrease
Unsecured debt investments	$	183,812	Yield Analysis	Market Yield	9.1%-16.1% (12.5%)	Decrease
	155,822		Recent Transaction	Transaction Price	121.9%-121.9% (121.9%)	Increase
Preferred equity investments	$	267,074	Yield Analysis	Market Yield	10.8%-31.3% (20.2%)	Decrease
	380,972		Market Approach	Revenue Multiple	2.8x-21.0x (7.9x)	Increase
	44,323		Recent Transaction	Transaction Price	100.0%-107.5% (104.5%)	Increase
Common equity investments	$	148,204	Market Approach	Revenue Multiple	5.5x-13.5x (11.5x)	Increase
	79,989		Market Approach	EBITDA Multiple	3.8x-22.3x (15.3x)	Increase
	164		Option Pricing Model	Volatility	60.0%-70.0% (69.0%)	Increase
	207		Market Approach	Gross Profit Multiple	9.5x-9.5x (9.5x)	Increase
	79,219		Market Approach	AUM Multiple	1.1x-1.1x (1.1x)	Increase
	134,299		Recent Transaction	Transaction Price	97.0%-100.0% (99.0%)	Increase
	73,595		Yield Analysis	Market Yield	15.0%-15.0% (15.0%)	Decrease
	2,720		Market Approach	N/A	N/A	N/A
	1,608		Discounted Cash Flow Analysis	Discount Rate	20.0%-20.0% (20.0%)	Decrease

	As of December 31, 2023
($ in thousands)	Fair Value		Valuation Technique	Unobservable Input	Range (Weighted Average)	Impact to Valuation from an Increase in Input
First-lien senior secured debt investments	$	3,625,053	Yield Analysis	Market Yield	9.3%-15.9% (12.3%)	Decrease
	350,094		Recent Transaction	Transaction Price	97.0%-100.0% (98.6%)	Increase
Second-lien senior secured debt investments	$	235,292	Yield Analysis	Market Yield	11.4%-17.5% (15.3%)	Decrease
Unsecured debt investments	$	266,030	Yield Analysis	Market Yield	10.6%-17.2% (12.3%)	Decrease
	141,377		Market Approach	Transaction Price	100.0%-100.0% (100.0%)	Increase
Preferred equity investments	$	236,932	Yield Analysis	Market Yield	12.6%-25.0% (14.6%)	Decrease
	537,989		Market Approach	Revenue Multiple	4.5x-21.0x (11.1x)	Increase
	67,221		Market Approach	EBITDA Multiple	18.3x-18.3x (18.3x)	Increase
	19,637		Recent Transaction	Transaction Price	98.0%-107.5% (104.3%)	Increase
Common equity investments	$	152,731	Market Approach	Revenue Multiple	6.3x-14.7x (12.5x)	Increase
	16,133		Market Approach	EBITDA Multiple	6.0x-20.3x (16.2x)	Increase
	46,326		Market Approach	Transaction Price	$92.00-$92.00 ($92.00)	Increase
	46,443		Option Pricing Model	Volatility	60.0%-63.5% (63.5%)	Decrease
	225		Market Approach	Gross Profit Multiple	9.9x-9.9x (9.9x)	Increase
	48,727		Recent Transaction	Transaction Price	100.0%-100.0% (100.0%)	Increase

The Company typically determines the fair value of its performing Level 3 debt investments utilizing a yield analysis. In a yield analysis, a price is ascribed for each investment based upon an assessment of current and expected market yields for similar investments and risk profiles. Additional consideration is given to the expected life, portfolio company performance since close, and other terms and risks associated with an investment. Among other factors, a determinant of risk is the amount of leverage used by the portfolio company relative to its total enterprise value, and the rights and remedies of the Company’s investment within the portfolio company’s capital structure.

When the debtor is not performing or when there is insufficient value to cover the investment, the Company may utilize a net recovery (aka waterfall) approach to determine the fair value of debt investments in subject companies. A net recovery analysis typically consists of two steps. First, the total enterprise value for the subject company is estimated using standard valuation approaches, most commonly the market approach. Second, the fair value for each investment in the subject company is then estimated by allocating the subject company’s total enterprise value to the outstanding securities in the capital structure based upon various factors, including seniority, preferences, and other features if deemed relevant to each security in the capital structure.

Significant unobservable quantitative inputs typically used in the fair value measurement of the Company’s Level 3 debt investments primarily include current market yields, including relevant market indices, but may also include quotes from brokers, dealers, and pricing services as indicated by comparable investments. For the Company’s Level 3 equity investments, a market approach, based on comparable financial performance multiples such as publicly-traded company and comparable market transaction multiples of revenues, earnings before income taxes, depreciation and amortization (“EBITDA”), or some combination thereof and comparable market transactions are typically used.

Debt Not Carried at Fair Value

Fair value is estimated by discounting remaining payments using applicable current market rates, which take into account changes in the Company’s marketplace credit ratings, or market quotes, if available. The table below presents the carrying and fair values of the Company’s debt obligations as of the following periods:

	September 30, 2024						December 31, 2023
($ in thousands)	Net Carrying Value		Unamortized Debt Issuance Costs		Fair Value		Net Carrying Value		Unamortized Debt Issuance Costs		Fair Value
Revolving Credit Facility(1)	337,778		13,696		337,778		327,266		16,127		327,267
SPV Asset Facility I	594,963		5,037		594,963		594,453		5,547		594,453
SPV Asset Facility II	298,742		1,258		298,742		298,103		1,897		298,103
June 2025 Notes	209,072		928		208,950		208,175		1,825		205,800
December 2025 Notes	651,888		(1,888)		628,875		653,042		(3,042)		614,250
June 2026 Notes	372,401		2,599		349,688		371,316		3,684		343,125
January 2027 Notes	296,480		3,520		269,250		295,364		4,636		261,750
CLO 2020-1	199,883		4,117		199,883		199,610		4,390		199,610
Total Debt	$	2,961,207	$	29,267	$	2,888,129	$	2,947,329	$	35,064	$	2,844,358

________________

(1)Net carrying value includes unrealized translation gain (loss) on borrowings denominated in foreign currencies.

The below table presents the fair value measurements of the Company’s debt obligations as of the following periods:

	September 30, 2024		December 31, 2023
Level 1	$	—	$	—
Level 2	1,456,763		1,424,925
Level 3	1,431,366		1,419,433
Total Debt	$	2,888,129	$	2,844,358

Financial Instruments Not Carried at Fair Value

As of September 30, 2024 and December 31, 2023, the carrying amounts of the Company’s other assets and liabilities approximate fair value due to their short maturities. These financial instruments would be categorized as Level 3 within the hierarchy.

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Commitments and Contingencies

9 Months Ended

Sep. 30, 2024

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Commitments and Contingencies

Portfolio Company Commitments

From time to time, the Company may enter into commitments to fund investments. The table below presents outstanding commitments to fund investments in current portfolio companies as of the following periods:

Portfolio Company	Investment	September 30, 2024		December 31, 2023
($ in thousands)
Activate Holdings (US) Corp. (dba Absolute Software)	First lien senior secured revolving loan	$	352	$	282
3ES Innovation Inc. (dba Aucerna)	First lien senior secured revolving loan	4,580		1,580
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC	LLC Interest	3,403		296
AAM Series 2.1 Aviation Feeder, LLC	LLC interest	2,288		17
Acquia Inc.	First lien senior secured revolving loan	7,074		5,989
Aerosmith Bidco Limited (dba Audiotonix)	First lien senior secured multi-draw term loan	12,475		—
Aerosmith Bidco Limited (dba Audiotonix)	First lien senior secured multi-draw term loan	27,119		—
Aerosmith Bidco Limited (dba Audiotonix)	First lien senior secured multi-currency revolving loan	16,416		—
AI Titan Parent, Inc. (dba Prometheus Group)	First lien senior secured delayed draw term loan	4,528		—

Portfolio Company	Investment	September 30, 2024	December 31, 2023
AI Titan Parent, Inc. (dba Prometheus Group)	First lien senior secured revolving loan	2,830	—
AlphaSense, Inc.	First lien senior secured delayed draw term loan	5,477	—
AlphaSense, Inc.	First lien senior secured delayed draw term loan	5,549	—
Anaplan, Inc.	First lien senior secured revolving loan	3,542	3,542
Aptean Acquiror, Inc. (dba Aptean)	First lien senior secured delayed draw term loan	372	—
Aptean Acquiror, Inc. (dba Aptean)	First lien senior secured revolving loan	273	—
Artifact Bidco, Inc. (dba Avetta)	First lien senior secured delayed draw term loan	3,912	—
Artifact Bidco, Inc. (dba Avetta)	First lien senior secured revolving loan	2,794	—
Associations, Inc.	First lien senior secured delayed draw term loan	3,847	—
Associations, Inc.	First lien senior secured revolving loan	3,083	—
Azurite Intermediate Holdings, Inc. (dba Alteryx, Inc.)	First lien senior secured delayed draw term loan	10,688	—
Azurite Intermediate Holdings, Inc. (dba Alteryx, Inc.)	First lien senior secured revolving loan	4,750	—
Aurelia Netherlands Midco 2 B.V.	First lien senior secured EUR term loan	—	14,005
Aurelia Netherlands Midco 2 B.V.	First lien senior secured NOK term loan	—	14,656
Aurelia Netherlands Midco 2 B.V.	First lien senior secured EUR revolving loan	—	1,556
Avalara, Inc.	First lien senior secured revolving loan	909	909
Bamboo US BidCo LLC	First lien senior secured delayed draw term loan	398	716
Bamboo US BidCo LLC	First lien senior secured revolving loan	1,026	1,026
Bayshore Intermediate #2, L.P. (dba Boomi)	First lien senior secured revolving loan	11,694	9,355
BCPE Osprey Buyer, Inc. (dba PartsSource)	First lien senior secured delayed draw term loan	21,744	26,309
BCPE Osprey Buyer, Inc. (dba PartsSource)	First lien senior secured revolving loan	5,708	8,426
BCTO BSI Buyer, Inc. (dba Buildertrend)	First lien senior secured revolving loan	11,250	11,250
BTRS HOLDINGS INC. (dba Billtrust)	First lien senior secured delayed draw term loan	9	36
BTRS HOLDINGS INC. (dba Billtrust)	First lien senior secured revolving loan	56	67
Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.)	First lien senior secured revolving loan	4,450	4,450
Certinia, Inc.	First lien senior secured revolving loan	2,941	2,941
IRI Group Holdings, Inc. (f/k/a Circana Group, L.P. (f/k/a The NPD Group, L.P.))	First lien senior secured revolving loan	664	1,238
CivicPlus, LLC	First lien senior secured revolving loan	4,664	3,078
Community Brands ParentCo, LLC	First lien senior secured delayed draw term loan	—	1,500
Community Brands ParentCo, LLC	First lien senior secured revolving loan	—	750
Computer Services, Inc. (dba CSI)	First lien senior secured delayed draw term loan	9,196	—
Coupa Holdings, LLC	First lien senior secured delayed draw term loan	70	70
Coupa Holdings, LLC	First lien senior secured revolving loan	54	54
Crewline Buyer, Inc. (dba New Relic)	First lien senior secured revolving loan	9,434	9,434
CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant)	First lien senior secured delayed draw term loan	1,992	—
CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant)	First lien senior secured revolving loan	4,981	—
Delinea Buyer, Inc. (f/k/a Centrify)	First lien senior secured revolving loan	8,163	8,163
Diligent Corporation	First lien senior secured revolving loan	—	701
Disco Parent, Inc. (dba Duck Creek Technologies, Inc.)	First lien senior secured revolving loan	91	91
Entrata, Inc.	First lien senior secured revolving loan	103	103
EET Buyer, Inc. (dba e-Emphasys)	First lien senior secured delayed draw term loan	4,773	—

Portfolio Company	Investment	September 30, 2024	December 31, 2023
EET Buyer, Inc. (dba e-Emphasys)	First lien senior secured revolving loan	5,348	4,278
Finastra USA, Inc.	First lien senior secured revolving loan	4,014	5,498
Forescout Technologies, Inc.	First lien senior secured revolving loan	9,517	—
Forescout Technologies, Inc.	First lien senior secured delayed draw term loan	—	32,175
Forescout Technologies, Inc.	First lien senior secured revolving loan	—	8,333
Fullsteam Operations, LLC	First lien senior secured delayed draw term loan	7,686	3,805
Fullsteam Operations, LLC	First lien senior secured revolving loan	593	593
Gainsight, Inc.	First lien senior secured revolving loan	2,700	2,700
Gerson Lehrman Group, Inc.	First lien senior secured revolving loan	956	3,647
GI Ranger Intermediate, LLC (dba Rectangle Health)	First lien senior secured revolving loan	2,211	885
Granicus, Inc.	First lien senior secured revolving loan	274	—
Granicus, Inc.	First lien senior secured revolving loan	—	2,069
Magnet Forensics, LLC (f/k/a Grayshift, LLC)	First lien senior secured revolving loan	968	968
GS Acquisitionco, Inc. (dba insightsoftware)	First lien senior secured delayed draw term loan	1,921	—
GS Acquisitionco, Inc. (dba insightsoftware)	First lien senior secured revolving loan	4,177	3,344
H&F Opportunities LUX III S.À R.L (dba Checkmarx)	First lien senior secured revolving loan	25,000	25,000
Hyland Software, Inc.	First lien senior secured revolving loan	4,070	4,070
Icefall Parent, Inc. (dba EngageSmart)	First lien senior secured revolving loan	1,217	—
Indikami Bidco, LLC (dba IntegriChain)	First lien senior secured delayed draw term loan	8,382	8,382
Indikami Bidco, LLC (dba IntegriChain)	First lien senior secured revolving loan	3,832	5,987
Inovalon Holdings, Inc.	First lien senior secured delayed draw term loan	—	13,834
Integrity Marketing Acquisition, LLC	First lien senior secured delayed draw term loan	—	13,714
Integrity Marketing Acquisition, LLC	First lien senior secured revolving loan	—	3,409
Integrity Marketing Acquisition, LLC	First lien senior secured delayed draw term loan	7,895	—
Integrity Marketing Acquisition, LLC	First lien senior secured revolving loan	2,422	—
Interoperability Bidco, Inc. (dba Lyniate)	First lien senior secured delayed draw term loan	5,714	—
Interoperability Bidco, Inc. (dba Lyniate)	First lien senior secured revolving loan	4,658	3,927
JS Parent, Inc. (dba Jama Software)	First lien senior secured revolving loan	1,324	—
Kaseya Inc.	First lien senior secured delayed draw term loan	703	887
Kaseya Inc.	First lien senior secured revolving loan	709	709
KWOL Acquisition Inc. (dba Worldwide Clinical Trials)	First lien senior secured revolving loan	2,570	2,056
Litera Bidco LLC	First lien senior secured delayed draw term loan	17,117	—
Litera Bidco LLC	First lien senior secured delayed draw term loan	13,448	—
Litera Bidco LLC	First lien senior secured revolving loan	7,654	8,250
LogRhythm, Inc.	First lien senior secured revolving loan	475	—
LSI Financing 1 DAC	Series 5 Notes	32,622	—
LSI Financing 1 DAC	Series 6 Notes	275	—
ManTech International Corporation	First lien senior secured delayed draw term loan	1,030	1,030
ManTech International Corporation	First lien senior secured revolving loan	860	860
MINDBODY, Inc.	First lien senior secured revolving loan	7,143	7,143
Ministry Brands Holdings, LLC	First lien senior secured revolving loan	737	344
Minotaur Acquisition, Inc. (dba Inspira Financial)	First lien senior secured delayed draw term loan	8,834	—

Portfolio Company	Investment	September 30, 2024	December 31, 2023
Minotaur Acquisition, Inc. (dba Inspira Financial)	First lien senior secured revolving loan	5,435	—
Monotype Imaging Holdings Inc.	First lien senior secured delayed draw term loan	4,913	—
Monotype Imaging Holdings Inc.	First lien senior secured revolving loan	7,369	—
Neptune Holdings, Inc. (dba NexTech)	First lien senior secured revolving loan	588	588
NMI Acquisitionco, Inc. (dba Network Merchants)	First lien senior secured revolving loan	1,115	1,115
Oranje Holdco, Inc. (dba KnowBe4)	First lien senior secured revolving loan	1,602	1,602
PDI TA Holdings, Inc.	First lien senior secured delayed draw term loan	2,088	—
PDI TA Holdings, Inc.	First lien senior secured revolving loan	918	—
PetVet Care Centers, LLC	First lien senior secured delayed draw term loan	5,120	5,120
PetVet Care Centers, LLC	First lien senior secured revolving loan	5,373	5,373
Ping Identity Holding Corp.	First lien senior secured revolving loan	416	91
Pluralsight, LLC	First lien senior secured loan	—	2,230
Pluralsight, LLC	First lien senior secured delayed draw term loan	12,649	—
Pluralsight, LLC	First lien senior secured revolving loan	5,060	—
Project Power Buyer, LLC (dba PEC-Veriforce)	First lien senior secured revolving loan	3,750	3,750
Pye-Barker Fire & Safety, LLC	First lien senior secured delayed draw term loan	12,136	—
Pye-Barker Fire & Safety, LLC	First lien senior secured revolving loan	2,386	—
QAD, Inc.	First lien senior secured revolving loan	11,429	11,429
Relativity ODA LLC	First lien senior secured revolving loan	—	11,250
Relativity ODA LLC	First lien senior secured revolving loan	7,871	—
RL Datix Holdings (USA), Inc.	First lien senior secured delayed draw term loan	10,985	—
RL Datix Holdings (USA), Inc.	First lien senior secured revolving loan	9,618	—
RL Datix Holdings (USA), Inc.	First lien senior secured revolving loan	—	778
Rubrik, Inc.	First lien senior secured delayed draw term loan	260	1,306
SailPoint Technologies Holdings, Inc.	First lien senior secured revolving loan	4,358	4,358
Salinger Bidco Inc. (dba Surgical Information Systems)	First lien senior secured delayed draw term loan	1,406	—
Salinger Bidco Inc. (dba Surgical Information Systems)	First lien senior secured revolving loan	1,406	—
Securonix, Inc.	First lien senior secured revolving loan	3,479	3,559
Simpler Postage, Inc. (dba Easypost)	First lien senior secured delayed draw term loan	9,955	—
Simpler Postage, Inc. (dba Easypost)	First lien senior secured delayed draw term loan	7,742	—
SimpliSafe Holding Corporation	First lien senior secured delayed draw term loan	—	75
Smarsh Inc.	First lien senior secured delayed draw term loan	5,524	5,524
Smarsh Inc.	First lien senior secured revolving loan	442	442
Talon MidCo 2 Limited	First lien senior secured delayed draw term loan	—	13
Talon MidCo 2 Limited	First lien senior secured revolving loan	119	119
Tamarack Intermediate, L.L.C. (dba Verisk 3E)	First lien senior secured delayed draw term loan	—	744
Tamarack Intermediate, L.L.C. (dba Verisk 3E)	First lien senior secured revolving loan	1,682	1,682
Thunder Purchaser, Inc. (dba Vector Solutions)	First lien senior secured revolving loan	2,138	4,613
Velocity HoldCo III Inc. (dba VelocityEHS)	First lien senior secured revolving loan	2,500	2,188
Walker Edison Furniture Company LLC	First lien senior secured delayed draw term loan	225	2,809

Portfolio Company	Investment	September 30, 2024		December 31, 2023
When I Work, Inc.	First lien senior secured revolving loan	5,605		5,605
XRL 1 LLC (dba XOMA)	First lien senior secured delayed draw term loan	1,000		1,000
Zendesk, Inc.	First lien senior secured delayed draw term loan	12,922		12,922
Zendesk, Inc.	First lien senior secured revolving loan	5,321		5,321
Total Unfunded Portfolio Company Commitments		$	605,683	$	396,093

The Company maintains sufficient borrowing capacity to cover outstanding unfunded portfolio company commitments that the Company may be required to fund.

Other Commitments and Contingencies

From time to time, the Company may become a party to certain legal proceedings incidental to the normal course of its business. At September 30, 2024, management was not aware of any pending or threatened litigation.

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Net Assets

9 Months Ended

Sep. 30, 2024

Equity [Abstract]

Net Assets

Net Assets

Equity Issuances

The Company has the authority to issue 500,000,000 common shares at $0.01 per share par value.

There were no sales of the Company’s common stock during the nine months ended September 30, 2024 and 2023.

Distributions

The following table reflects the distributions declared on shares of the Company’s common stock during the following periods:

	For the Nine Months Ended September 30, 2024
Date Declared	Record Date	Payment Date	Distribution per Share
August 6, 2024	September 30, 2024	November 15, 2024	$	0.36
May 7, 2024	June 28, 2024	August 15, 2024	$	0.40
February 21, 2024(1)	March 29, 2024	May 15, 2024	$	0.37

________________

(1)Expected to be paid or was partially paid from sources other than ordinary income, including long-term capital gains.

	For the Nine Months Ended September 30, 2023
Date Declared	Record Date	Payment Date	Distribution per Share
August 8, 2023	September 29, 2023	November 15, 2023	$	0.37
May 9, 2023	June 30, 2023	August 15, 2023	$	0.37
February 21, 2023(1)	March 31, 2023	May 15, 2023	$	0.34

________________

(1)Expected to be paid or was partially paid from sources other than ordinary income, including long-term capital gains.

Dividend Reinvestment

With respect to distributions, the Company has adopted an “opt out” dividend reinvestment plan for common shareholders. As a result, in the event of a declared distribution, each shareholder that has not “opted out” of the dividend reinvestment plan will have their dividends or distributions automatically reinvested in additional shares of the Company’s common stock rather than receiving cash distributions. Shareholders who receive distributions in the form of shares of common stock will be subject to the same U.S. federal, state and local tax consequences as if they received cash distributions.

The following tables reflect the common stock issued pursuant to the dividend reinvestment plan during the following periods:

	For the Nine Months Ended September 30, 2024
Date Declared	Record Date	Payment Date	Shares
May 7, 2024	June 28, 2024	August 15, 2024	1,323,864
February 21, 2024	March 29, 2024	May 15, 2024	1,190,189
November 7, 2023	December 29, 2023	January 31, 2024	1,212,560

	For the Nine Months Ended September 30, 2023
Date Declared	Record Date	Payment Date	Shares
May 9, 2023	June 30, 2023	August 15, 2023	1,169,242
February 21, 2023	March 31, 2023	May 15, 2023	1,082,573
November 1, 2022	December 31, 2022	January 31, 2023	912,215

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Earnings Per Share

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

The table below presents the computation of basic and diluted earnings (loss) per common share for the following periods:

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
($ in thousands, except per share amounts)	2024		2023		2024		2023
Increase (decrease) in net assets resulting from operations	$	119,538	$	56,804	$	218,527	$	267,545
Weighted average shares of common stock outstanding—basic and diluted	210,331,300		205,474,428		209,162,895		204,446,780
Earnings (loss) per common share-basic and diluted	$	0.57	$	0.28	$	1.04	$	1.31

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Income Taxes

9 Months Ended

Sep. 30, 2024

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

The Company has elected to be treated as a RIC under Subchapter M of the Code, and the Company intends to operate in a manner so as to continue to qualify for the tax treatment applicable to RICs. To qualify for tax treatment as a RIC, the Company must, among other things, distribute to its shareholders in each taxable year generally at least the sum of 90% of our investment company taxable income, as defined by the Code, and net tax-exempt income for that taxable year. To maintain its tax treatment as a RIC, the Company, among other things, intends to make the requisite distributions to our shareholders, which generally relieves the Company from U.S. federal income taxes at corporate rates.

Depending on the level of taxable income earned in a tax year, the Company can be expected to carry forward taxable income (including net capital gains, if any) in excess of current year dividend distributions from the current tax year into the next tax year and pay a nondeductible 4% U.S. federal excise tax on such taxable income, as required. To the extent that the Company determines that its estimated current year annual taxable income will be in excess of estimated current year dividend distributions from such income, the Company will accrue excise tax on estimated excess taxable income.

For the three and nine months ended September 30, 2024, the Company recorded U.S. federal excise tax expense of $2.8 million and $8.6 million, respectively. For the three and nine months ended September 30, 2023, the Company recorded U.S. federal excise tax expense of $2.6 million and $9.0 million, respectively.

Taxable Subsidiaries

Certain of the Company’s consolidated subsidiaries are subject to U.S. federal and state corporate-level income taxes. For the three and nine months ended September 30, 2024, we recorded U.S federal and state income tax expense/(benefit) of $(1) thousand and $(4) thousand, respectively. For the three and nine months ended September 30, 2023, the Company recorded a U.S federal and state income tax expense/(benefit) of $1 thousand and $4 thousand, respectively.

The Company recorded a net deferred tax liability of $(42) thousand as of September 30, 2024, for taxable subsidiaries, which is significantly related to GAAP to tax outside basis differences in the taxable subsidiaries’ investment in certain partnership interests. The Company recorded a net deferred tax asset of $5 thousand for taxable subsidiaries as of December 31, 2023

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Financial Highlights

9 Months Ended

Sep. 30, 2024

Investment Company [Abstract]

Financial Highlights

Financial Highlights

The table below presents the financial highlights for a common share outstanding.

	For the Nine Months Ended September 30,
($ in thousands, except share and per share amounts)	2024			2023
Per share data:
Net asset value, beginning of period	$	17.03		$	16.70
Net investment income (loss)(1)	1.37			1.30
Net realized and unrealized gain (loss)(1)	(0.33)			(0.01)
Total from operations(1)	1.04			1.29
Distributions declared from net investment income(2)	(1.12)			(1.08)
Total increase (decrease) in net assets	(0.08)			0.21
Net asset value, end of period	$	16.95		$	16.91
Shares outstanding, end of period	210,978,842			206,046,339
Total Return(3)	6.3		%	8.0		%
Ratios / Supplemental Data
Ratio of total expenses to average net assets(4)	8.7		%	9.3		%
Ratio of net investment income to average net assets(4)	11.0		%	10.3		%
Net assets, end of period	$	3,575,511		$	3,484,890
Weighted-average shares outstanding	209,162,895			204,446,780
Total capital commitments, end of period	$	3,134,815		$	3,134,815
Ratio of total contributed capital to total committed capital, end of period	100.0		%	100.0		%
Portfolio turnover rate	25.2		%	8.2		%
Year of formation	2018			2018

________________

(1)The per share data was derived using the weighted average shares outstanding during the period.

(2)The per share data was derived using actual shares outstanding at the date of the relevant transactions.

(3)Total return is calculated as the change in NAV per share during the period, plus distributions per share (assuming dividends and distributions, if any, are reinvested in accordance with the Company’s dividend reinvestment plan), if any, divided by the beginning NAV per share.

(4)The ratio reflects an annualized amount, except in the case of non-recurring expenses (e.g. initial organization expenses).

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Subsequent Events

9 Months Ended

Sep. 30, 2024

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

In preparing these financial statements, the Company has evaluated events and transactions for potential recognition or disclosure through the date of issuance. There are no subsequent events to disclose except for the following:

Dividends

On October 1, 2024, the Board declared a distribution of an amount equal to the greater of (i) any undistributed investment company taxable income determined pursuant to the Code and any undistributed net capital gain to the extent allowable under the Code for the fiscal year ended December 31, 2023 and (ii) 90% of estimated fourth quarter investment company taxable income, if any, for shareholders of record on December 31, 2024, payable on or before January 31, 2025.

SPV Asset Facility I Amendment

On October 30, 2024, OR Tech Financing I entered into the Second Amendment to Amended and Restated Credit Agreement, which amended SPV Asset Facility I in order to, among other changes, (i) increase the total term commitment from $600,000,000 to $700,000,000, (ii) amend the Commitment Fee from 0.35% to 0.50%, (iii) amend the Applicable Margin from 3.31% to 2.25%, (iv) extend the end of the reinvestment period from December 22, 2025 to October 30, 2027, (v) extend the maturity date from December 22, 2033 to October 30, 2035 and (vi) amend the Prepayment Make-Whole Premium (as defined in SPV Asset Facility I).

SPV Asset Facility II Amendment

On October 30, 2024, ORTF Funding I entered into Amendment No. 2 which amended SPV Asset Facility II in order to, among other changes, (i) replace Alter Domus (US) LLC with State Street Bank and Trust Company as Collateral Custodian under SPV Asset Facility II, (ii) increase the commitments under SPV Asset Facility II from $300,000,000 to $400,000,000, (iii) extend the reinvestment period through November 16, 2027 and the scheduled maturity date to November 16, 2029 and (iv) reduce the spread from 2.625% to 2.400% and remove the term SOFR adjustment.

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Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Increase (Decrease) in Net Assets Resulting from Operations	$ 119,538	$ 56,804	$ 218,527	$ 267,545

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Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

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N-2 - USD ($)
$ / shares in Units, $ in Millions

9 Months Ended

Sep. 30, 2024

Dec. 31, 2023

Sep. 30, 2023

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Dec. 31, 2019

Dec. 31, 2018

Cover [Abstract]

Entity Central Index Key

0001747777

Amendment Flag

false

Securities Act File Number

000-55977

Document Type

10-Q

Entity Registrant Name

BLUE OWL TECHNOLOGY FINANCE CORP.

Entity Address, Address Line One

399 Park Avenue

Entity Address, City or Town

New York

Entity Address, State or Province

NY

Entity Address, Postal Zip Code

10022

City Area Code

212

Local Phone Number

419-3000

Entity Emerging Growth Company

false

Financial Highlights [Abstract]

Senior Securities [Table Text Block]

The table below presents information about our senior securities as of the following periods:

Class and Period	Total Amount Outstanding Exclusive of Treasury Securities(1) ($ in millions)		Asset Coverage per Unit(2)		Involuntary Liquidating Preference per Unit(3)	Average Market Value per Unit(4)
Revolving Credit Facility
September 30, 2024 (Unaudited)	$	351.5	$	2,190.6	—	N/A
December 31, 2023	$	343.4	$	2,165.0	—	N/A
December 31, 2022	$	705.9	$	2,057.3	—	N/A
December 31, 2021	$	650.8	$	2,309.9	—	N/A
December 31, 2020	$	68.3	$	1,905.6	—	N/A
December 31, 2019	$	185.0	$	1,934.6	—	N/A
Subscription Credit Facility(5)
December 31, 2021	$	—	$	2,309.9	—	N/A
December 31, 2020	$	105.8	$	1,905.6	—	N/A
December 31, 2019	$	645.7	$	1,934.6	—	N/A
December 31, 2018	$	300.0	$	1,954.6	—	N/A
SPV Asset Facility I
September 30, 2024 (Unaudited)	$	600.0	$	2,190.6	—	N/A
December 31, 2023	$	600.0	$	2,165.0	—	N/A
December 31, 2022	$	450.0	$	2,057.3	—	N/A
December 31, 2021	$	290.0	$	2,309.9	—	N/A

Class and Period	Total Amount Outstanding Exclusive of Treasury Securities(1) ($ in millions)		Asset Coverage per Unit(2)		Involuntary Liquidating Preference per Unit(3)	Average Market Value per Unit(4)
December 31, 2020	$	290.0	$	1,905.6	—	N/A
SPV Asset Facility II
September 30, 2024 (Unaudited)	$	300.0	$	2,190.6	—	N/A
December 31, 2023	$	300.0	$	2,165.0	—	N/A
December 31, 2022	$	300.0	$	2,057.3	—	N/A
December 31, 2021	$	—	$	2,309.9	—	N/A
June 2025 Notes
September 30, 2024 (Unaudited)	$	210.0	$	2,190.6	—	N/A
December 31, 2023	$	210.0	$	2,165.0	—	N/A
December 31, 2022	$	210.0	$	2,057.3	—	N/A
December 31, 2021	$	210.0	$	2,309.9	—	N/A
December 31, 2020	$	210.0	$	1,905.6	—	N/A
December 2025 Notes
September 30, 2024 (Unaudited)	$	650.0	$	2,190.6	—	N/A
December 31, 2023	$	650.0	$	2,165.0	—	N/A
December 31, 2022	$	650.0	$	2,057.3	—	N/A
December 31, 2021	$	650.0	$	2,309.9	—	N/A
December 31, 2020	$	400.0	$	1,905.6	—	N/A
June 2026 Notes
September 30, 2024 (Unaudited)	$	375.0	$	2,190.6	—	N/A
December 31, 2023	$	375.0	$	2,165.0	—	N/A
December 31, 2022	$	375.0	$	2,057.3	—	N/A
December 31, 2021	$	375.0	$	2,309.9	—	N/A
December 31, 2020	$	375.0	$	1,905.6	—	N/A
January 2027 Notes
September 30, 2024 (Unaudited)	$	300.0	$	2,190.6	—	N/A
December 31, 2023	$	300.0	$	2,165.0	—	N/A
December 31, 2022	$	300.0	$	2,057.3	—	N/A
December 31, 2021	$	300.0	$	2,309.9	—	N/A
CLO 2020-1
September 30, 2024 (Unaudited)	$	204.0	$	2,190.6	—	N/A
December 31, 2023	$	204.0	$	2,165.0	—	N/A
December 31, 2022	$	200.0	$	2,057.3	—	N/A
December 31, 2021	$	200.0	$	2,309.9	—	N/A
December 31, 2020	$	200.0	$	1,905.6	—	N/A

________________

(1)Total amount of each class of senior securities outstanding at the end of the period presented.

(2)Asset coverage per unit is the ratio of the carrying value of our total assets, less all liabilities excluding indebtedness represented by senior securities in this table, to the aggregate amount of senior securities representing indebtedness. Asset coverage per unit is expressed in terms of dollar amounts per $1,000 of indebtedness and is calculated on a consolidated basis.

(3)The amount to which such class of senior security would be entitled upon our involuntary liquidation in preference to any security junior to it. The “—” in this column indicates information that the SEC expressly does not require to be disclosed for certain types of senior securities.

(4)Not applicable because the senior securities are not registered for public trading.

(5)Facility was terminated in 2021.

Senior Securities Averaging Method, Note [Text Block]

Not applicable because the senior securities are not registered for public trading.

Senior Securities Headings, Note [Text Block]

Total amount of each class of senior securities outstanding at the end of the period presented.

(2)Asset coverage per unit is the ratio of the carrying value of our total assets, less all liabilities excluding indebtedness represented by senior securities in this table, to the aggregate amount of senior securities representing indebtedness. Asset coverage per unit is expressed in terms of dollar amounts per $1,000 of indebtedness and is calculated on a consolidated basis.

(3)The amount to which such class of senior security would be entitled upon our involuntary liquidation in preference to any security junior to it. The “—” in this column indicates information that the SEC expressly does not require to be disclosed for certain types of senior securities.

General Description of Registrant [Abstract]

Investment Objectives and Practices [Text Block]

Our Investment Framework

We are a Maryland corporation organized primarily to originate and make debt and equity investments in technology-related companies based primarily in the United States. We originate and invest in senior secured or unsecured loans, subordinated loans or mezzanine loans, broadly syndicated loans and equity-related securities including common equity, warrants, preferred stock and similar forms of senior equity, which may or may not be convertible into a portfolio company’s common equity. Our investment objective is to maximize total return by generating current income from debt investments and other income producing securities, and capital appreciation from our equity and equity-linked investments. We may hold our investments directly or through special purpose

vehicles. We generally intend to invest in companies with a low loan-to-value ratio, which we consider to be 50% or below. Since our Adviser’s affiliates began investment activities in April 2016 through September 30, 2024, the Blue Owl Credit Advisers have originated $128.73 billion aggregate principal amount of investments across multiple industries, of which $124.90 billion of aggregate principal amount of investments prior to any subsequent exits or repayments, was retained by either us or a corporation or fund advised by our Adviser or its affiliates.

We invest at least 80% of the value of our total assets in "technology-related" companies. We define technology-related companies as those that operate in the technology industry or sector, or those that are developing or offering goods to businesses and consumers which utilize scientific knowledge, including techniques, skills, methods, devices and processes to solve problems. We specifically focus on software and enterprise software companies within the technology and technology-related universe of companies. We invest in a broad range of established and high growth technology-related companies with a focus on enterprise software companies that are capitalizing on the large and growing demand for enterprise software products and services. These companies use technology extensively to improve business processes, applications and opportunities or seek to grow through technological developments and innovations. These companies operate in technology-related industries or sectors which include, but are not limited to, application software, systems software, healthcare information technology, technology services and infrastructure, financial technology and internet and digital media.

We leverage Blue Owl’s relationships and existing origination capabilities to focus our investments in companies with an enterprise value of at least $50 million and that are backed by venture capital firms or private equity firms that are active investors in and have an expertise in technology companies and technology-related industries. We expect that our target investments typically will range in size between $20 million and $500 million. Our expected portfolio composition will be majority debt or income producing securities, with a lesser allocation to equity related opportunities. We anticipate that generally any equity related securities we hold will be minority positions. We expect that our investment size will vary with the size of our capital base and we anticipate that our average investment size will be 1-2% of our entire portfolio with no investment size greater than 5%; however, from time to time certain of our investments may comprise greater than 5% of our portfolio.

We expect that generally our portfolio composition will be majority debt or income producing securities, which may include “covenant-lite” loans (as defined below), with a lesser allocation to equity or equity-linked opportunities, including publicly traded debt instruments. In addition, we may invest a portion of our portfolio in opportunistic investments and broadly syndicated loans, which will not be our primary focus, but will be intended to enhance returns to our shareholders and from time to time, we may evaluate and enter into strategic portfolio transactions which may result in additional portfolio companies which we are considered to control. These investments may include high-yield bonds and broadly-syndicated loans, including publicly traded debt instruments, which are typically originated and structured by banks on behalf of large corporate borrowers with employee counts, revenues, EBITDAs and enterprise values larger than those of middle-market companies, and equity investments in portfolio companies that make senior secured loans or invest in broadly syndicated loans or structured products, such as life settlements and royalty interests. In addition, we generally do not intend to invest more than 20% of our total assets in companies whose principal place of business is outside the United States, although we do not generally intend to invest in companies whose principal place of business is in an emerging market. Our portfolio composition may fluctuate from time to time based on market conditions and interest rates.

Covenants are contractual restrictions that lenders place on companies to limit the corporate actions a company may pursue. Generally, the loans in which we expect to invest will have financial maintenance covenants, which are used to proactively address materially adverse changes in a portfolio company’s financial performance. However, to a lesser extent, we may invest in “covenant-lite” loans. We use the term “covenant-lite” to refer generally to loans that do not have a complete set of financial maintenance covenants. Generally, “covenant-lite” loans provide borrower companies more freedom to negatively impact lenders because their covenants are incurrence-based, which means they are only tested and can only be breached following an affirmative action of the borrower, rather than by a deterioration in the borrower’s financial condition. Accordingly, to the extent we invest in “covenant-lite” loans, we may have fewer rights against a borrower and may have a greater risk of loss on such investments as compared to investments in or exposure to loans with financial maintenance covenants. We classify our debt investments as “traditional financing” or “growth capital” based on a number of factors.

Traditional financings are typically senior secured loans primarily in the form of first lien loans (including “unitranche” loans, which are loans that combine both senior and subordinated debt, generally in a first lien position) and second lien loans. In connection with our senior secured loans, we generally receive a security interest in certain of the assets of the borrower and consequently such assets serve as collateral in support of the repayment of such senior secured loans.

Growth capital investments are typically unsecured obligations of the borrower, and might be structured as unsecured indebtedness, convertible bonds, convertible equity, preferred equity, and common equity. We seek to limit the downside potential of our investments by negotiating covenants in connection with our investments consistent with preservation of our capital. Such restrictions may include affirmative covenants (including reporting requirements), negative covenants (including financial covenants), lien protection, change of control provisions and board rights, including either observation rights or rights to a seat on the board under some circumstances. Except for our specialty financing portfolio investments, our equity investments are typically not control-oriented investments and we may structure such equity investments to include provisions protecting our rights as a minority-interest holder.

We target portfolio companies where we can structure larger transactions. As of September 30, 2024, our average investment size in each of our portfolio companies was approximately $43.8 million based on fair value. As of September 30, 2024, investments we classify as traditional financing, excluding the investment in Blue Owl Credit SLF LLC (“Credit SLF”) and certain investments that fall outside our typical borrower profile, represented 75.1% of our total portfolio based on fair value and these portfolio companies had weighted average annual revenue of $690 million, weighted average annual EBITDA of $201 million and weighted average enterprise value of $3.98 billion. As of September 30, 2024, investments we classify as growth capital represented 23.9% of our total portfolio based on fair value and these portfolio companies had weighted average annual revenue of $724 million and a weighted average enterprise value of $14.80 billion.

The companies in which we invest use our capital primarily to support their growth, acquisitions, market or product expansion, refinancings and/or recapitalizations. The debt in which we invest typically is not rated by any rating agency, but if these instruments were rated, they would likely receive a rating of below investment grade (that is, below BBB- or Baa3), which is often referred to as “high yield” or “junk”.

NAV Per Share

$ 16.95

$ 17.03

$ 16.91

$ 16.70

Capital Stock, Long-Term Debt, and Other Securities [Abstract]

Long Term Debt [Table Text Block]

Credit Facilities

Subscription Credit Facility

On November 19, 2018, we entered into a revolving credit facility (as amended, the “Subscription Credit Facility”) with Wells Fargo Bank, National Association (“Wells Fargo”) as administrative agent (the “Administrative Agent”) and letter of credit issuer, and the banks of financial institutions from time to time party thereto, as lenders.

The Subscription Credit Facility permitted us to borrow up to $700 million, subject to availability under the “Borrowing Base.” The Borrowing Base was calculated based on the unused Capital Commitments of the investors meeting various eligibility requirements above certain concentration limits. Effective November 5, 2021, the outstanding balance on the Subscription Credit Facility was paid in full and the facility was terminated pursuant to its terms.

Borrowings under the Subscription Credit Facility bore interest, at our election at the time of drawdown, at a rate per annum equal to (i) in the case of LIBOR rate loans, an adjusted LIBOR rate for the applicable interest period plus 1.50% or (ii) in the case of reference rate loans, the greatest of (A) a prime rate plus 0.50%, (B) the federal funds rate plus 1.00%, and (C) one-month LIBOR plus 1.50%. We generally borrowed utilizing LIBOR rate loans, generally electing one-month LIBOR upon borrowing. Loans were able to be converted from one rate to another at any time at our election, subject to certain conditions. We also will paid an unused commitment fee of 0.25% per annum on the unused commitments.

Revolving Credit Facility

On November 15, 2022, we entered into an Amended and Restated Senior Secured Revolving Credit Agreement (the “Revolving Credit Facility”), which amended and restated in its entirety that certain Senior Secured Revolving Credit Agreement, dated as of March 15, 2019 (as amended, restated, supplemented or otherwise modified prior to November 15, 2022). The parties to the Revolving Credit Facility include us, as Borrower, the lenders from time to time parties thereto (each a “Lender” and collectively, the “Lenders”), Truist Bank as Administrative Agent, Truist Securities, Inc., ING Capital LLC, MUFG Bank, Ltd., Sumitomo Mitsui Banking Corporation and JPMorgan Chase Bank, N.A., as Joint Lead Arrangers and Truist Securities, Inc. and ING Capital LLC, as Joint Bookrunners. On September 26, 2023 (the “Revolving Credit Facility First Amendment Date”), the parties to the Revolving Credit Facility entered into an amendment to, among other things, extend the availability period and maturity date for certain lenders, convert a portion of the existing revolver availability into term loan availability, reduce the credit adjustment spread for US dollar denominated term SOFR loans to 0.10% for all tenors and make various other changes. On June 13, 2024 (the “Revolving Credit Facility Second Amendment Date”), certain parties to the Revolving Credit Facility entered into an amendment to, among other things, replace the interest rate benchmark for loans denominated in Canadian Dollars from CDOR to CORRA, which includes a credit adjustment spread of 0.29547% for one-month tenor loans and 0.32138% for three-month tenor loans. The following describes the terms of the Revolving Credit Facility amended through the Revolving Credit Facility Second Amendment Date.

The Revolving Credit Facility is guaranteed by certain of our subsidiaries in existence on the Revolving Credit Facility Second Amendment Date, and will be guaranteed by certain of our subsidiaries that are formed or acquired by us in the future (collectively, the “Guarantors”). Proceeds of the Revolving Credit Facility may be used for general corporate purposes, including the funding of portfolio investments.

As of the Revolving Credit Facility Second Amendment Date, the Revolving Credit Facility provides for, on an aggregated basis, a total of outstanding term loans and revolving credit facility commitments in the principal amount of $1.12 billion, which is comprised of (a) a term loan in a principal amount of $75.0 million (which term loan amount was increased from $50.0 million to $75.0 million on February 29, 2024) and (b) subject to availability under the borrowing base, which is based on the Company’s portfolio investments and other outstanding indebtedness, a revolving credit facility in a principal amount of up to $1.04 billion (on an aggregated basis, the aggregate outstanding term loans and revolving credit facility commitments under the Revolving Credit Facility increased from $1.09 billion to $1.12 billion on February 29, 2024). The amount available for borrowing under the revolving credit facility commitments of the Revolving Credit Facility is reduced by any standby letters of credit issued through the Revolving Credit Facility. Maximum capacity under the Revolving Credit Facility may be increased to $1.64 billion through our exercise of an uncommitted accordion feature through which existing and new lenders may, at their option, agree to provide additional financing. The Revolving Credit Facility includes a $200.0 million limit for swingline loans, and is secured by a perfected first-priority interest in substantially all of the portfolio investments held by us and each Guarantor, subject to certain exceptions.

The availability period under the Revolving Credit Facility will terminate on September 24, 2027 (the “Revolving Credit Facility Commitment Termination Date”) and the Revolving Credit Facility will mature on September 26, 2028 (the “Revolving Credit Facility Maturity Date”). During the period from the Revolving Credit Facility Commitment Termination Date to the Revolving Credit Facility Maturity Date, we will be obligated to make mandatory prepayments under the Revolving Credit Facility out of the proceeds of certain asset sales and other recovery events and equity and debt issuances.

We may borrow amounts in U.S. dollars or certain other permitted currencies. Amounts drawn under the Revolving Credit Facility with respect to the commitments in U.S. dollars will bear interest at either (i) term SOFR plus any applicable credit adjustment spread plus margin of either 1.875% per annum or, if the gross borrowing base is greater than or equal to the product of 1.60 and the combined debt amount, 1.75% per annum, or (ii) the alternative base rate plus margin of either 0.875% per annum or, if the gross

borrowing base is greater than or equal to the product of 1.60 and the combined debt amount, 0.75% per annum. With respect to loans denominated in U.S. dollars, the Company may elect either term SOFR or the alternative base rate at the time of drawdown, and such loans may be converted from one rate to another at any time at our option, subject to certain conditions. Amounts drawn under the Revolving Credit Facility with respect to the commitments in other permitted currencies will bear interest at the relevant rate specified therein (including any applicable credit adjustment spread) plus margin of either 1.875% per annum or, if the gross borrowing base is greater than or equal to the product of 1.60 and the combined debt amount, 1.75% per annum.

The Revolving Credit Facility includes customary covenants, including certain limitations on the incurrence of additional indebtedness and on our ability to make distributions to our shareholders, or redeem, repurchase or retire shares of stock, upon the occurrence of certain events and certain financial covenants related to asset coverage and liquidity and other maintenance covenants, as well as customary events of default. The Revolving Credit Facility requires a minimum asset coverage ratio with respect to the consolidated assets of ours and our subsidiaries to senior securities that constitute indebtedness of no less than 1.50 to 1.00 at any time.

SPV Asset Facilities

Certain of our wholly owned subsidiaries are parties to credit facilities (the “SPV Asset Facilities”). Pursuant to the SPV Asset Facilities, we sell and contribute certain investments to these wholly owned subsidiaries pursuant to sale and contribution agreements by and between us and the wholly owned subsidiaries. No gain or loss is recognized as a result of these contributions. Proceeds from the SPV Asset Facilities are used to finance the origination and acquisition of eligible assets by the wholly owned subsidiary, including the purchase of such assets from us. We retain a residual interest in assets contributed to or acquired to the wholly owned subsidiary through our ownership of the wholly owned subsidiary. The SPV Asset Facilities are secured by a perfected first priority security interest in the assets of these wholly owned subsidiaries and on any payments received by such wholly owned subsidiaries in respect of those assets. Assets pledged to lenders under the SPV Asset Facilities will not be available to pay our debts. The SPV Asset Facilities contain customary covenants, including certain limitations on the incurrence by us of additional indebtedness and on our ability to make distributions to our shareholders, or redeem, repurchase or retire shares of stock, upon the occurrence of certain events, and customary events of default (with customary cure and notice provisions).

SPV Asset Facility I

On December 22, 2022 (the “SPV Asset Facility I Closing Date”), OR Tech Financing I LLC (“OR Tech Financing I”), a Delaware limited liability company and our wholly-owned subsidiary entered into an Amended and Restated Credit Agreement (the “SPV Asset Facility I”), which amends and restates in its entirety that certain Credit Agreement, dated as of August 11, 2020, by and among OR Tech Financing I, as Borrower, Alter Domus (US) LLC, as Administrative Agent and Document Custodian, State Street Bank and Trust Company, as Collateral Agent, Collateral Administrator and Custodian and the lenders from time to time party thereto (the “SPV Asset Facility I Lenders”). On March 30, 2023, the parties to the SPV Asset Facility I entered into an amendment and the following describes the terms of SPV Asset Facility I as amended through such date.

From time to time, we expect to sell and contribute certain investments to OR Tech Financing I pursuant to a Sale and Contribution Agreement by and between us and OR Tech Financing I. No gain or loss will be recognized as a result of the contribution. Proceeds from the SPV Asset Facility I will be used to finance the origination and acquisition of eligible assets by OR Tech Financing I, including the purchase of such assets from us. We retain a residual interest in assets contributed to or acquired by OR Tech Financing I through our ownership of OR Tech Financing I. The total term loan commitment of the SPV Asset Facility I is $600 million (increased from $450 million on March 30, 2023). The availability of the commitments are subject to a ramp up period and subject to an overcollateralization ratio test, which is based on the value of OR Tech Financing I assets from time to time, and satisfaction of certain other tests and conditions, including an advance rate test, interest coverage ratio test, certain concentration limits and collateral quality tests.

The SPV Asset Facility I provides for the ability to draw term loans for a period of up to two years after the SPV Asset Facility I Closing Date unless the commitments are terminated as provided in the SPV Asset Facility I. Unless otherwise terminated, the SPV Asset Facility I will mature on December 22, 2033 (the “SPV Asset Facility I Stated Maturity”). Prior to the SPV Asset Facility I Stated Maturity, proceeds received by OR Tech Financing I from principal and interest, dividends, or fees on assets must be used to pay fees, expenses and interest on outstanding borrowings, and the excess may be returned to us, subject to certain conditions. On the SPV Asset Facility I Stated Maturity, OR Tech Financing I must pay in full all outstanding fees and expenses and all principal and interest on outstanding borrowings, and the excess may be returned to us.

Amounts drawn bear interest at term SOFR plus a spread of 3.31%. The SPV Asset Facility I contains customary covenants, limitations on the activities of OR Tech Financing I, including limitations on incurrence of incremental indebtedness, and customary events of default. The SPV Asset Facility I is secured by a perfected first priority security interest in the assets of OR Tech Financing I and on any payments received by OR Tech Financing I in respect of those assets. Assets pledged to the SPV Asset Facility I Lenders will not be available to pay our debts.

SPV Asset Facility II

On November 16, 2021 (the “SPV Asset Facility II Closing Date”), ORTF Funding I LLC (“ORTF Funding ”), a Delaware limited liability company and our wholly-owned subsidiary entered into a Credit Agreement (the “SPV Asset Facility II”), with ORTF Funding I LLC, as Borrower, the lenders from time to time parties thereto, Goldman Sachs Bank USA as Sole Lead Arranger, Syndication Agent and Administrative Agent, State Street Bank and Trust Company as Collateral Administrator and Collateral Agent and Alter Domus (US) LLC as Collateral Custodian. On the SPV Asset Facility II Closing Date, ORTF Funding I and Goldman Sachs Bank USA, as Administrative Agent, also entered into a Margining Agreement relating to the Secured Credit Facility (the “Margining Agreement”). The following describes the terms of the SPV Asset Facility II as amended through June 23, 2023.

From time to time, we expect to sell and contribute certain investments to ORTF Funding I pursuant to a Sale and Contribution Agreement by and between us and ORTF Funding I. No gain or loss will be recognized as a result of the contribution. Proceeds from SPV Asset Facility II will be used to finance the origination and acquisition of eligible assets by ORTF Funding I, including the purchase of such assets from us. We retain a residual interest in assets contributed to or acquired by ORTF Funding I through our ownership of ORTF Funding I. The maximum principal amount which may be borrowed under SPV Asset Facility II is $300 million; the availability of this amount is subject to a borrowing base test, which is based on the value of ORTF Funding I’s assets from time to time, and satisfaction of certain conditions, including certain concentration limits.

The SPV Asset Facility II provides for the ability to draw and redraw revolving loans for a period of up to three years after the SPV Asset Facility II Closing Date. Unless otherwise terminated, the SPV Asset Facility II will mature on November 16, 2026 (the “SPV Asset Facility II State Maturity”). Prior to the SPV Asset Facility II Stated Maturity, proceeds received by ORTF Funding I from principal and interest, dividends, or fees on assets must be used to pay fees, expenses and interest on outstanding borrowings, and the excess may be returned to us, subject to certain conditions. On the SPV Asset Facility II Stated Maturity, ORTF Funding I must pay in full all outstanding fees and expenses and all principal and interest on outstanding borrowings, and the excess may be returned to us. The SPV Asset Facility II may be permanently reduced, in whole or in part, at the option of ORTF Funding I subject to payment of a premium for a period of time.

Amounts drawn bear interest at Term SOFR plus a spread of 2.625% and the spread is payable on the amount by which the undrawn amount exceeds a minimum threshold, initially zero and ramping to 75% of the commitment amount. The undrawn amount of the commitment not subject to such spread payment is subject to an undrawn fee of 0.50% per annum. Certain additional fees are payable on each payment date to Goldman Sachs Bank USA as Administrative Agent. In additional, under the Margining Agreement and Credit Agreement, ORTF Funding I is required to post cash margin (or in certain cases, additional eligible assets) to the Administrative Agent if a borrowing base deficiency occurs or if the weighted average price gap (as defined in the Margining Agreement), which is a measure of the excess of the aggregate value assigned to ORTF Funding I’s assets for purposes of the borrowing base test over the total amount drawn under the SPV Asset Facility II, falls below 20%.

Unsecured Notes

June 2025 Notes

On June 12, 2020, we issued $210 million aggregate principal amount of 6.75% notes due 2025 (the “June 2025 Notes”) in a private placement in reliance on Section 4(a)(2) of the Securities Act and for initial resale to qualified institutional buyers pursuant to the exemption from registration provided by Rule 144A promulgated under the Securities Act. The June 2025 Notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

The June 2025 Notes were issued pursuant to an Indenture dated as of June 12, 2020 (the “Base Indenture”), between us and Computershare Trust Company, N.A., as successor to Wells Fargo Bank, National Association, as trustee (the “Trustee”), and a First Supplemental Indenture, dated as of June 12, 2020 (the “First Supplemental Indenture” and together with the Base Indenture, the “June 2025 Indenture”), between us and the Trustee. The June 2025 Notes will mature on June 30, 2025 and may be redeemed in whole or in part at our option at any time or from time to time at the redemption prices set forth in the June 2025 Indenture. The June 2025 Notes initially bear interest at a rate of 6.75% per year payable semi-annually on June 30 and December 30 of each year, commencing on December 30, 2020. As described in the First Supplemental Indenture, if the June 2025 Notes cease to have an investment grade rating from Kroll Bond Rating Agency (or if Kroll Bond Rating Agency ceases to rate the June 2025 Notes or fails to make a rating of the June 2025 Notes publicly available for reasons outside of our control, a “nationally recognized statistical rating organization,” as defined in Section 3(a)(62) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) selected by us as a replacement agency for Kroll Bond Rating Agency) (an “Interest Rate Adjustment Event”), the interest rate on the June 2025 Notes will increase to 7.50% from the date of the Interest Rate Adjustment Event until the date on which the June 2025 Notes next again receive an investment grade rating. The June 2025 Notes are our direct, general unsecured obligations and rank senior in right of payment to all of our future indebtedness or other obligations that are expressly subordinated, or junior, in right of payment to the June 2025 Notes. The June 2025 Notes rank pari passu, or equal, in right of payment with all of our existing and future indebtedness or other obligations that are not so subordinated, or junior. The June 2025 Notes rank effectively subordinated, or junior, to any of our future secured indebtedness or other obligations. The June 2025 Notes rank structurally subordinated, or junior, to all existing and

future indebtedness and other obligations (including trade payables) incurred by our subsidiaries, financing vehicles or similar facilities.

The June 2025 Indenture contains certain covenants, including covenants requiring us to (i) comply with the asset coverage requirements of the 1940 Act, whether or not it is subject to those requirements, and (ii) provide financial information to the holders of the June 2025 Notes and the Trustee if we are no longer subject to the reporting requirements under the Exchange Act. These covenants are subject to important limitations and exceptions that are described in the June 2025 Indenture.

In addition, if a change of control repurchase event, as defined in the June 2025 Indenture, occurs prior to maturity, holders of the June 2025 Notes will have the right, at their option, to require us to repurchase for cash some or all of the June 2025 Notes at a repurchase price equal to 100% of the aggregate principal amount of the June 2025 Notes being repurchased, plus accrued and unpaid interest to, but excluding, the repurchase date.

December 2025 Notes

On September 23, 2020, we issued $400 million aggregate principal amount of its 4.75% notes due 2025 (the “December 2025 Notes”) in a private placement in reliance on Section 4(a)(2) of the Securities Act, and for initial resale to qualified institutional buyers pursuant to the exemption from registration provided by Rule 144A promulgated under the Securities Act. On November 23, 2021, we issued an additional $250 million aggregate principal amount of the December 2025 Notes in a private placement in reliance on Section 4(a)(2) of the Securities Act, and for initial resale to qualified institutional buyers pursuant to the exemption from registration provided by Rule 144A promulgated under the Securities Act. The December 2025 Notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

The December 2025 Notes were issued pursuant to the Base Indenture and a Second Supplemental Indenture, dated as of September 23, 2020 (the “Second Supplemental Indenture” and together with the Base Indenture, the “December 2025 Indenture”), between us and the Trustee. The December 2025 Notes will mature on December 15, 2025 and may be redeemed in whole or in part at our option at any time or from time to time at the redemption prices set forth in the December 2025 Indenture. The December 2025 Notes bear interest at a rate of 4.75% per year payable semi-annually on June 15 and December 15 of each year, commencing on December 15, 2020. The December 2025 Notes are our direct, general unsecured obligations and rank senior in right of payment to all of our future indebtedness or other obligations that are expressly subordinated, or junior, in right of payment to the December 2025 Notes. The December 2025 Notes rank pari passu, or equal, in right of payment with all of our existing and future indebtedness or other obligations that are not so subordinated, or junior. The December 2025 Notes rank effectively subordinated, or junior, to any of our future secured indebtedness or other obligations (including unsecured indebtedness that we later secure) to the extent of the value of the assets securing such indebtedness. The December 2025 Notes rank structurally subordinated, or junior, to all existing and future indebtedness and other obligations (including trade payables) incurred by our subsidiaries, financing vehicles or similar facilities.

The Indenture contains certain covenants, including covenants requiring us to (i) comply with the asset coverage requirements of the 1940 Act, as amended, whether or not it is subject to those requirements, and (ii) provide financial information to the holders of the December 2025 Notes and the Trustee we no longer are subject to the reporting requirements under the Exchange Act, as amended. These covenants are subject to important limitations and exceptions that are described in the Indenture.

In addition, if a change of control repurchase event, as defined in the December 2025 Indenture, occurs prior to maturity, holders of the December 2025 Notes will have the right, at their option, to require us to repurchase for cash some or all of the December 2025 Notes at a repurchase price equal to 100% of the aggregate principal amount of the December 2025 Notes being repurchased, plus accrued and unpaid interest to, but excluding, the repurchase date.

June 2026 Notes

On December 17, 2020, we issued $375 million aggregate principal amount of 3.75% notes due 2026 (the “June 2026 Notes”) in a private placement in reliance on Section 4(a)(2) of the Securities Act, and for initial to qualified institutional buyers pursuant to the exemption from registration provided by Rule 144A promulgated under the Securities Act. The June 2026 Notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

The June 2026 Notes were issued pursuant to the Base Indenture and a Third Supplemental Indenture, dated as of December 17, 2020 (the “Third Supplemental Indenture” and together with the Base Indenture, the “June 2026 Indenture”), between us and the Trustee. The June 2026 Notes will mature on June 17, 2026 and may be redeemed in whole or in part at our option at any time or from time to time at the redemption prices set forth in the June 2026 Indenture. The June 2026 Notes bear interest at a rate of 3.75% per year payable semi-annually on June 17 and December 17 of each year, commencing on June 17, 2021. The June 2026 Notes are our direct, general unsecured obligations and rank senior in right of payment to all of our future indebtedness or other obligations that are expressly subordinated, or junior, in right of payment to the June 2026 Notes. The June 2026 Notes rank pari passu, or equal, in right of payment with all of our existing and future indebtedness or other obligations that are not so subordinated, or junior to the June 2026 Notes. The June 2026 Notes rank effectively subordinated, or junior, to any of our future secured indebtedness or other obligations (including unsecured indebtedness that we later secure) to the extent of the value of the assets securing such indebtedness. The June

2026 Notes rank structurally subordinated, or junior, to all existing and future indebtedness and other obligations (including trade payables) incurred by our subsidiaries, financing vehicles or similar facilities.

The June 2026 Indenture contains certain covenants, including covenants requiring us to (i) comply with the asset coverage requirements of the 1940 Act whether or not it is subject to those requirements, and (ii) provide financial information to the holders of the June 2026 Notes and the Trustee if we are no longer subject to the reporting requirements under the Securities Exchange Act of 1934, as amended. These covenants are subject to important limitations and exceptions that are described in the Indenture.

In addition, if a change of control repurchase event, as defined in the June 2026 Indenture, occurs prior to maturity, holders of the June 2026 Notes will have the right, at their option, to require us to repurchase for cash some or all of the June 2026 Notes at a repurchase price equal to 100% of the aggregate principal amount of the June 2026 Notes being repurchased, plus accrued and unpaid interest to, but excluding, the repurchase date.

January 2027 Notes

On June 14, 2021, we issued $300 million aggregate principal amount of 2.50% notes due 2027 (the “January 2027 Notes”). The January 2027 Notes were issued pursuant to the Base Indenture and a Fourth Supplemental Indenture, dated as of December 17, 2020 (the “Fourth Supplemental Indenture” and together with the Base Indenture, the “January 2027 Indenture”), between us and the Trustee. The January 2027 Notes will mature on January 15, 2027 and may be redeemed in whole or in part at our option at any time or from time to time at the redemption prices set forth in the January 2027 Indenture. The January 2027 Notes bear interest at a rate of 2.50% per year, payable semi-annually on January 15 and July 15 of each year, commencing on January 15, 2022. The January 2027 Notes are our direct, general unsecured obligations and rank senior in right of payment to all of our future indebtedness or other obligations that are expressly subordinated, or junior, in right of payment to the January 2027 Notes. The January 2027 Notes rank pari passu, or equal, in right of payment with all of our existing and future indebtedness or other obligations that are not so subordinated, or junior to the January 2027 Notes. The January 2027 Notes rank effectively subordinated, or junior, to any of our future secured indebtedness or other obligations (including unsecured indebtedness that we later secure) to the extent of the value of the assets securing such indebtedness. The January 2027 Notes rank structurally subordinated, or junior, to all existing and future indebtedness and other obligations (including trade payables) incurred by our subsidiaries, financing vehicles or similar facilities.

The January 2027 Indenture contains certain covenants, including covenants requiring us to (i) comply with the asset coverage requirements of the 1940, whether or not it is subject to those requirements, and (ii) provide financial information to the holders of the January 2027 Notes and the Trustee if we are no longer subject to the reporting requirements under the Securities Exchange Act of 1934, as amended. These covenants are subject to important limitations and exceptions that are described in the Indenture.

In addition, if a change of control repurchase event, as defined in the January 2027 Indenture, occurs prior to maturity, holders of the January 2027 Notes will have the right, at their option, to require us to repurchase for cash some or all of the January 2027 Notes at a repurchase price equal to 100% of the aggregate principal amount of the January 2027 Notes being repurchased, plus accrued and unpaid interest to, but excluding, the repurchase date.

Debt Securitization Transactions

CLO 2020-1

On December 16, 2020 (the “CLO 2020-1 Closing Date”), we completed a $333.5 million term debt securitization transaction (the “CLO 2020-1 Transaction”), also known as a collateralized loan obligation transaction, which is a form of secured financing incurred by us. The secured notes and preferred shares issued in the CLO 2020-1 Transaction were issued by our consolidated subsidiaries Owl Rock Technology Financing 2020-1, an exempted company incorporated in the Cayman Islands with limited liability (the “CLO 2020-1 Issuer”), and Owl Rock Technology Financing 2020-1 LLC, a Delaware limited liability company (the “CLO 2020-1 Co-Issuer” and together with the CLO 2020-1 Issuer, the “CLO 2020-1 Issuers”) and were backed by a portfolio of collateral obligations consisting of middle-market loans, recurring revenue loans and participation interests in middle-market loans, recurring revenue loans as well as by other assets of the CLO 2020-1 Issuer.

CLO 2020-1 Transaction was executed by the issuance of the following classes of notes and preferred shares pursuant to an indenture and security agreement dated as of the Closing Date (the “CLO 2020-1 Indenture”), by and among the CLO 2020-1 Issuers and State Street Bank and Trust Company: $200 million of A (sf) Class A Notes, which, as of July 18, 2023, bore interest at term SOFR (plus a spread adjustment) plus 2.95% (the “CLO 2020-1 Secured Notes”). The CLO 2020-1 Secured Notes were secured by the middle-market loans, recurring revenue loans, participation interests in middle-market loans and recurring revenue loans and other assets of the Issuer. The CLO 2020-1 Secured Notes were scheduled to mature on the Payment Date (as defined in the CLO 2020-1 Indenture) in January, 2031. The CLO 2020-1 Secured Notes were offered by MUFG Securities Americas Inc., as initial purchaser, from time to time in individually negotiated transactions.

The CLO 2020-1 Secured Notes were redeemed in the CLO 2020-1 Refinancing, described below.

Concurrently with the issuance of the CLO 2020-1 Secured Notes, the CLO 2020-1 Issuer issued approximately $133.5 million of subordinated securities in the form of 133,500 preferred shares at an issue price of U.S.$1,000 per share (the “CLO 2020-1 Preferred Shares”). The CLO 2020-1 Preferred Shares were issued by the CLO 2020-1 Issuer as part of its issued share capital and are not secured by the collateral securing the CLO 2020-1 Secured Notes. We purchased all of the CLO 2020-1 Preferred Shares. We acted as a retention holder in connection with the CLO 2020-1 Transaction for the purposes of satisfying certain U.S. and European Union regulations requiring sponsors of securitization transactions to retain exposure to the performance of the securitized assets and as such were required to retain a portion of the CLO 2020-1 Preferred Shares.

As part of the CLO 2020-1 Transaction, we entered into a loan sale agreement with the CLO 2020-1 Issuer dated as of the Closing Date, which provided for the sale and contribution of approximately $243.4 million par amount of middle-market loans and recurring revenue loans from us to the CLO 2020-1 Issuer on the Closing Date and for future sales from us to the CLO 2020-1 Issuer on an ongoing basis. No gain or loss was recognized as a result of these sales and contributions. Such loans constituted part of the initial portfolio of assets securing the CLO 2020-1 Secured Notes. We made customary representations, warranties, and covenants to the CLO 2020-1 Issuer under the loan sale agreement.

Through January 15, 2022, the net proceeds of the issuing of the CLO 2020-1 Secured Notes not used to purchase the initial portfolio of loans securing the CLO 2020-1 Secured Notes and a portion of the proceeds received by the CLO 2020-1 Issuer from the loans securing the CLO 2020-1 Secured Notes were able to be used by the CLO 2020-1 Issuer to purchase additional middle-market loans and recurring revenue loans under the direction of the Adviser, in its capacity as collateral manager for the CLO 2020-1 Issuer and in accordance with our investing strategy and ability to originate eligible middle-market loans and recurring revenue loans.

The CLO 2020-1 Secured Notes were the secured obligation of the CLO 2020-1 Issuers, and the CLO 2020-1 Indenture included customary covenants and events of default. The CLO 2020-1 Secured Notes were not registered under the Securities Act, or any state securities (e.g., “blue sky”) laws, and were not able to be offered or sold in the United States absent registration with the SEC or pursuant to an applicable exemption from such registration.

The Adviser served as collateral manager for the CLO 2020-1 Issuer under a collateral management agreement dated as of the Closing Date. The Adviser was entitled to receive fees for providing these services. The Adviser waived its right to receive such fees but may rescind such waiver at any time; provided, however, that if the Adviser rescinds such waiver, the management fee payable to the Adviser pursuant to the Investment Advisory Agreement, dated August 10, 2018, between the Adviser and us will be offset by the amount of the collateral management fee attributable to the CLO 2020-1 Issuers’ equity or notes owned by us.

CLO 2020-1 Refinancing

On August 23, 2023 (the “CLO 2020-1 Refinancing Date”), we completed a $337,500,000 term debt securitization refinancing (the “CLO 2020-1 Refinancing”), also known as a collateralized loan obligation refinancing, which is a form of secured financing incurred by us. The secured notes issued in the CLO 2020-1 Refinancing were issued by the our consolidated subsidiary Owl Rock Technology Financing 2020-1 LLC, a Delaware limited liability company (the “CLO 2020-1 Refinancing Issuer”) and are backed by a portfolio of collateral obligations consisting of middle-market loans and participation interests in middle-market loans as well as by other assets of the CLO 2020-1 Refinancing Issuer.

The CLO 2020-1 Refinancing was executed by the issuance of the following classes of notes pursuant to an indenture and security agreement dated as of the CLO 2020-1 Closing Date by and among the CLO 2020-1 Issuer, the CLO 2020-1 Refinancing Issuer, as co-issuer and State Street Bank and Trust Company as trustee, as supplemented by the First Supplemental Indenture dated as of July 18, 2023 by and among the CLO 2020-1 Issuer, as issuer, the CLO 2020-1 Refinancing Issuer, as co-issuer and the Trustee and the Second Supplemental Indenture dated as of the CLO 2020-1 Refinancing Date (the “CLO 2020-1 Refinancing Indenture”), by and among the CLO 2020-1 Refinancing Issuer and the Trustee: (i) $112,500,000 of AAA(sf) Class A-1R Notes, which bear interest at the Benchmark plus 3.05%, (ii) $23,500,000 of AAA(sf) Class A-2R Notes, which bear interest at 6.937%, (iii) $53,000,000 of A(sf) Class B-1R Notes, which bear interest at the Benchmark plus 4.64% and (iv) $15,000,000 of A(sf) Class B-2R Notes, which bear interest at 8.497%, (together, the “CLO 2020-1 Refinancing Secured Notes”). The CLO 2020-1 Refinancing Secured Notes are secured by the middle-market loans and other assets of the CLO 2020-1 Refinancing Issuer. The CLO 2020-1 Refinancing Secured Notes are scheduled to mature on the Payment Date (as defined in the CLO 2020-1 Refinancing Indenture) in October, 2035. The CLO 2020-1 Refinancing Secured Notes were privately placed by MUFG Securities Americas Inc. and Scotia Capital (USA) Inc. The proceeds from the CLO 2020-1 Refinancing were used to redeem in full the classes of notes issued on the CLO 2020-1 Closing Date and to pay expenses incurred in connection with the CLO 2020-1 Refinancing. On the CLO 2020-1 Refinancing Date, the CLO 2020-1 Issuer was merged with and into the CLO 2020-1 Refinancing Issuer, with the CLO 2020-1 Refinancing Issuer surviving the merger. The CLO 2020-1 Refinancing Issuer assumed by all operation of law all of the rights and obligations of the CLO 2020-1 Issuer, including the subordinated securities issued by the CLO 2020-1 Issuer on the CLO 2020-1 Closing Date.

On the CLO 2020-1 Closing Date, the CLO 2020-1 Issuer entered into a loan sale agreement with us, which provided for the sale and contribution of approximately $243.43 million par amount of middle-market loans from us to the CLO 2020-1 Issuer on the CLO 2020-1 Refinancing Date and for future sales from us to the CLO 2020-1 Issuer on an ongoing basis. As part of the CLO 2020-1 Refinancing, the CLO 2020-1 Refinancing Issuer, as the successor to the CLO 2020-1 Issuer, entered into an amended and restated loan sale agreement with us dated as of the CLO 2020-1 Refinancing Date, pursuant to which the CLO 2020-1 Refinancing Issuer

assumed all ongoing obligations of the CLO 2020-1 Issuer under the original agreement and we sold and contributed approximately $83.93 million par amount middle-market loans to the CLO 2020-1 Refinancing Issuer on the CLO 2020-1 Refinancing Date and provides for future sales from us to the CLO 2020-1 Refinancing Issuer on an ongoing basis. Such loans constituted part of the portfolio of assets securing the CLO 2020-1 Refinancing Secured Notes. We made customary representations, warranties, and covenants to the Issuer under the loan sale agreement.

Through October 15, 2027, a portion of the proceeds received by the CLO 2020-1 Refinancing Issuer from the loans securing the CLO 2020-1 Refinancing Secured Notes may be used by the CLO 2020-1 Refinancing Issuer to purchase additional middle-market loans under the direction of the Adviser, in its capacity as collateral manager for the CLO 2020-1 Refinancing Issuer and in accordance with our investing strategy and ability to originate eligible middle-market loans.

The CLO 2020-1 Refinancing Secured Notes are the secured obligation of the CLO 2020-1 Refinancing Issuer, and the CLO 2020-1 Refinancing Indenture includes customary covenants and events of default. The CLO 2020-1 Refinancing Secured Notes have not been registered under the Securities Act, or any state securities (e.g., “blue sky”) laws, and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission or pursuant to an applicable exemption from such registration.

The Adviser serves as collateral manager for the CLO 2020-1 Refinancing Issuer under an amended and restated collateral management agreement dated as of the CLO 2020-1 Refinancing Date. The Adviser is entitled to receive fees for providing these services. The Adviser has waived its right to receive such fees but may rescind such waiver at any time.

Long Term Debt, Title [Text Block]

Subscription Credit Facility

Revolving Credit Facility

SPV Asset Facility I

SPV Asset Facility II

CLO 2020-1 Refinancing

Long Term Debt, Structuring [Text Block]

On November 19, 2018, we entered into a revolving credit facility (as amended, the “Subscription Credit Facility”) with Wells Fargo Bank, National Association (“Wells Fargo”) as administrative agent (the “Administrative Agent”) and letter of credit issuer, and the banks of financial institutions from time to time party thereto, as lenders.

The Subscription Credit Facility permitted us to borrow up to $700 million, subject to availability under the “Borrowing Base.” The Borrowing Base was calculated based on the unused Capital Commitments of the investors meeting various eligibility requirements above certain concentration limits. Effective November 5, 2021, the outstanding balance on the Subscription Credit Facility was paid in full and the facility was terminated pursuant to its terms.

Borrowings under the Subscription Credit Facility bore interest, at our election at the time of drawdown, at a rate per annum equal to (i) in the case of LIBOR rate loans, an adjusted LIBOR rate for the applicable interest period plus 1.50% or (ii) in the case of reference rate loans, the greatest of (A) a prime rate plus 0.50%, (B) the federal funds rate plus 1.00%, and (C) one-month LIBOR plus 1.50%. We generally borrowed utilizing LIBOR rate loans, generally electing one-month LIBOR upon borrowing. Loans were able to be converted from one rate to another at any time at our election, subject to certain conditions. We also will paid an unused commitment fee of 0.25% per annum on the unused commitments.

Senior Secured Revolving Credit Facility [Member]

Financial Highlights [Abstract]

Senior Securities Amount

$ 351.5

$ 343.4

$ 705.9

$ 650.8

$ 68.3

$ 185.0

Senior Securities Coverage per Unit

$ 2,190.6

$ 2,165

$ 2,057.3

$ 2,309.9

$ 1,905.6

$ 1,934.6

Capital Stock, Long-Term Debt, and Other Securities [Abstract]

Long Term Debt, Structuring [Text Block]

On November 15, 2022, we entered into an Amended and Restated Senior Secured Revolving Credit Agreement (the “Revolving Credit Facility”), which amended and restated in its entirety that certain Senior Secured Revolving Credit Agreement, dated as of March 15, 2019 (as amended, restated, supplemented or otherwise modified prior to November 15, 2022). The parties to the Revolving Credit Facility include us, as Borrower, the lenders from time to time parties thereto (each a “Lender” and collectively, the “Lenders”), Truist Bank as Administrative Agent, Truist Securities, Inc., ING Capital LLC, MUFG Bank, Ltd., Sumitomo Mitsui Banking Corporation and JPMorgan Chase Bank, N.A., as Joint Lead Arrangers and Truist Securities, Inc. and ING Capital LLC, as Joint Bookrunners. On September 26, 2023 (the “Revolving Credit Facility First Amendment Date”), the parties to the Revolving Credit Facility entered into an amendment to, among other things, extend the availability period and maturity date for certain lenders, convert a portion of the existing revolver availability into term loan availability, reduce the credit adjustment spread for US dollar denominated term SOFR loans to 0.10% for all tenors and make various other changes. On June 13, 2024 (the “Revolving Credit Facility Second Amendment Date”), certain parties to the Revolving Credit Facility entered into an amendment to, among other things, replace the interest rate benchmark for loans denominated in Canadian Dollars from CDOR to CORRA, which includes a credit adjustment spread of 0.29547% for one-month tenor loans and 0.32138% for three-month tenor loans. The following describes the terms of the Revolving Credit Facility amended through the Revolving Credit Facility Second Amendment Date.

The Revolving Credit Facility is guaranteed by certain of our subsidiaries in existence on the Revolving Credit Facility Second Amendment Date, and will be guaranteed by certain of our subsidiaries that are formed or acquired by us in the future (collectively, the “Guarantors”). Proceeds of the Revolving Credit Facility may be used for general corporate purposes, including the funding of portfolio investments.

As of the Revolving Credit Facility Second Amendment Date, the Revolving Credit Facility provides for, on an aggregated basis, a total of outstanding term loans and revolving credit facility commitments in the principal amount of $1.12 billion, which is comprised of (a) a term loan in a principal amount of $75.0 million (which term loan amount was increased from $50.0 million to $75.0 million on February 29, 2024) and (b) subject to availability under the borrowing base, which is based on the Company’s portfolio investments and other outstanding indebtedness, a revolving credit facility in a principal amount of up to $1.04 billion (on an aggregated basis, the aggregate outstanding term loans and revolving credit facility commitments under the Revolving Credit Facility increased from $1.09 billion to $1.12 billion on February 29, 2024). The amount available for borrowing under the revolving credit facility commitments of the Revolving Credit Facility is reduced by any standby letters of credit issued through the Revolving Credit Facility. Maximum capacity under the Revolving Credit Facility may be increased to $1.64 billion through our exercise of an uncommitted accordion feature through which existing and new lenders may, at their option, agree to provide additional financing. The Revolving Credit Facility includes a $200.0 million limit for swingline loans, and is secured by a perfected first-priority interest in substantially all of the portfolio investments held by us and each Guarantor, subject to certain exceptions.

The availability period under the Revolving Credit Facility will terminate on September 24, 2027 (the “Revolving Credit Facility Commitment Termination Date”) and the Revolving Credit Facility will mature on September 26, 2028 (the “Revolving Credit Facility Maturity Date”). During the period from the Revolving Credit Facility Commitment Termination Date to the Revolving Credit Facility Maturity Date, we will be obligated to make mandatory prepayments under the Revolving Credit Facility out of the proceeds of certain asset sales and other recovery events and equity and debt issuances.

We may borrow amounts in U.S. dollars or certain other permitted currencies. Amounts drawn under the Revolving Credit Facility with respect to the commitments in U.S. dollars will bear interest at either (i) term SOFR plus any applicable credit adjustment spread plus margin of either 1.875% per annum or, if the gross borrowing base is greater than or equal to the product of 1.60 and the combined debt amount, 1.75% per annum, or (ii) the alternative base rate plus margin of either 0.875% per annum or, if the gross

borrowing base is greater than or equal to the product of 1.60 and the combined debt amount, 0.75% per annum. With respect to loans denominated in U.S. dollars, the Company may elect either term SOFR or the alternative base rate at the time of drawdown, and such loans may be converted from one rate to another at any time at our option, subject to certain conditions. Amounts drawn under the Revolving Credit Facility with respect to the commitments in other permitted currencies will bear interest at the relevant rate specified therein (including any applicable credit adjustment spread) plus margin of either 1.875% per annum or, if the gross borrowing base is greater than or equal to the product of 1.60 and the combined debt amount, 1.75% per annum.

Long Term Debt, Dividends and Covenants [Text Block]

The Revolving Credit Facility includes customary covenants, including certain limitations on the incurrence of additional indebtedness and on our ability to make distributions to our shareholders, or redeem, repurchase or retire shares of stock, upon the occurrence of certain events and certain financial covenants related to asset coverage and liquidity and other maintenance covenants, as well as customary events of default. The Revolving Credit Facility requires a minimum asset coverage ratio with respect to the consolidated assets of ours and our subsidiaries to senior securities that constitute indebtedness of no less than 1.50 to 1.00 at any time.

SPV Asset Facility I [Member]

Financial Highlights [Abstract]

Senior Securities Amount

$ 600.0

$ 600.0

$ 450.0

$ 290.0

$ 290.0

Senior Securities Coverage per Unit

$ 2,190.6

$ 2,165

$ 2,057.3

$ 2,309.9

$ 1,905.6

Capital Stock, Long-Term Debt, and Other Securities [Abstract]

Long Term Debt, Structuring [Text Block]

On December 22, 2022 (the “SPV Asset Facility I Closing Date”), OR Tech Financing I LLC (“OR Tech Financing I”), a Delaware limited liability company and our wholly-owned subsidiary entered into an Amended and Restated Credit Agreement (the “SPV Asset Facility I”), which amends and restates in its entirety that certain Credit Agreement, dated as of August 11, 2020, by and among OR Tech Financing I, as Borrower, Alter Domus (US) LLC, as Administrative Agent and Document Custodian, State Street Bank and Trust Company, as Collateral Agent, Collateral Administrator and Custodian and the lenders from time to time party thereto (the “SPV Asset Facility I Lenders”). On March 30, 2023, the parties to the SPV Asset Facility I entered into an amendment and the following describes the terms of SPV Asset Facility I as amended through such date.

From time to time, we expect to sell and contribute certain investments to OR Tech Financing I pursuant to a Sale and Contribution Agreement by and between us and OR Tech Financing I. No gain or loss will be recognized as a result of the contribution. Proceeds from the SPV Asset Facility I will be used to finance the origination and acquisition of eligible assets by OR Tech Financing I, including the purchase of such assets from us. We retain a residual interest in assets contributed to or acquired by OR Tech Financing I through our ownership of OR Tech Financing I. The total term loan commitment of the SPV Asset Facility I is $600 million (increased from $450 million on March 30, 2023). The availability of the commitments are subject to a ramp up period and subject to an overcollateralization ratio test, which is based on the value of OR Tech Financing I assets from time to time, and satisfaction of certain other tests and conditions, including an advance rate test, interest coverage ratio test, certain concentration limits and collateral quality tests.

The SPV Asset Facility I provides for the ability to draw term loans for a period of up to two years after the SPV Asset Facility I Closing Date unless the commitments are terminated as provided in the SPV Asset Facility I. Unless otherwise terminated, the SPV Asset Facility I will mature on December 22, 2033 (the “SPV Asset Facility I Stated Maturity”). Prior to the SPV Asset Facility I Stated Maturity, proceeds received by OR Tech Financing I from principal and interest, dividends, or fees on assets must be used to pay fees, expenses and interest on outstanding borrowings, and the excess may be returned to us, subject to certain conditions. On the SPV Asset Facility I Stated Maturity, OR Tech Financing I must pay in full all outstanding fees and expenses and all principal and interest on outstanding borrowings, and the excess may be returned to us.

Amounts drawn bear interest at term SOFR plus a spread of 3.31%. The SPV Asset Facility I contains customary covenants, limitations on the activities of OR Tech Financing I, including limitations on incurrence of incremental indebtedness, and customary events of default. The SPV Asset Facility I is secured by a perfected first priority security interest in the assets of OR Tech Financing I and on any payments received by OR Tech Financing I in respect of those assets. Assets pledged to the SPV Asset Facility I Lenders will not be available to pay our debts.

SPV Asset Facility II [Member]

Financial Highlights [Abstract]

Senior Securities Amount

$ 300.0

$ 300.0

$ 300.0

$ 0.0

Senior Securities Coverage per Unit

$ 2,190.6

$ 2,165

$ 2,057.3

$ 2,309.9

Capital Stock, Long-Term Debt, and Other Securities [Abstract]

Long Term Debt, Structuring [Text Block]

On November 16, 2021 (the “SPV Asset Facility II Closing Date”), ORTF Funding I LLC (“ORTF Funding ”), a Delaware limited liability company and our wholly-owned subsidiary entered into a Credit Agreement (the “SPV Asset Facility II”), with ORTF Funding I LLC, as Borrower, the lenders from time to time parties thereto, Goldman Sachs Bank USA as Sole Lead Arranger, Syndication Agent and Administrative Agent, State Street Bank and Trust Company as Collateral Administrator and Collateral Agent and Alter Domus (US) LLC as Collateral Custodian. On the SPV Asset Facility II Closing Date, ORTF Funding I and Goldman Sachs Bank USA, as Administrative Agent, also entered into a Margining Agreement relating to the Secured Credit Facility (the “Margining Agreement”). The following describes the terms of the SPV Asset Facility II as amended through June 23, 2023.

From time to time, we expect to sell and contribute certain investments to ORTF Funding I pursuant to a Sale and Contribution Agreement by and between us and ORTF Funding I. No gain or loss will be recognized as a result of the contribution. Proceeds from SPV Asset Facility II will be used to finance the origination and acquisition of eligible assets by ORTF Funding I, including the purchase of such assets from us. We retain a residual interest in assets contributed to or acquired by ORTF Funding I through our ownership of ORTF Funding I. The maximum principal amount which may be borrowed under SPV Asset Facility II is $300 million; the availability of this amount is subject to a borrowing base test, which is based on the value of ORTF Funding I’s assets from time to time, and satisfaction of certain conditions, including certain concentration limits.

The SPV Asset Facility II provides for the ability to draw and redraw revolving loans for a period of up to three years after the SPV Asset Facility II Closing Date. Unless otherwise terminated, the SPV Asset Facility II will mature on November 16, 2026 (the “SPV Asset Facility II State Maturity”). Prior to the SPV Asset Facility II Stated Maturity, proceeds received by ORTF Funding I from principal and interest, dividends, or fees on assets must be used to pay fees, expenses and interest on outstanding borrowings, and the excess may be returned to us, subject to certain conditions. On the SPV Asset Facility II Stated Maturity, ORTF Funding I must pay in full all outstanding fees and expenses and all principal and interest on outstanding borrowings, and the excess may be returned to us. The SPV Asset Facility II may be permanently reduced, in whole or in part, at the option of ORTF Funding I subject to payment of a premium for a period of time.

Amounts drawn bear interest at Term SOFR plus a spread of 2.625% and the spread is payable on the amount by which the undrawn amount exceeds a minimum threshold, initially zero and ramping to 75% of the commitment amount. The undrawn amount of the commitment not subject to such spread payment is subject to an undrawn fee of 0.50% per annum. Certain additional fees are payable on each payment date to Goldman Sachs Bank USA as Administrative Agent. In additional, under the Margining Agreement and Credit Agreement, ORTF Funding I is required to post cash margin (or in certain cases, additional eligible assets) to the Administrative Agent if a borrowing base deficiency occurs or if the weighted average price gap (as defined in the Margining Agreement), which is a measure of the excess of the aggregate value assigned to ORTF Funding I’s assets for purposes of the borrowing base test over the total amount drawn under the SPV Asset Facility II, falls below 20%.

June 2025 Notes [Member]

Financial Highlights [Abstract]

Senior Securities Amount

$ 210.0

$ 210.0

$ 210.0

$ 210.0

$ 210.0

Senior Securities Coverage per Unit

$ 2,190.6

$ 2,165

$ 2,057.3

$ 2,309.9

$ 1,905.6

Capital Stock, Long-Term Debt, and Other Securities [Abstract]

Long Term Debt, Title [Text Block]

June 2025 Notes

Long Term Debt, Structuring [Text Block]

On June 12, 2020, we issued $210 million aggregate principal amount of 6.75% notes due 2025 (the “June 2025 Notes”) in a private placement in reliance on Section 4(a)(2) of the Securities Act and for initial resale to qualified institutional buyers pursuant to the exemption from registration provided by Rule 144A promulgated under the Securities Act. The June 2025 Notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

The June 2025 Notes were issued pursuant to an Indenture dated as of June 12, 2020 (the “Base Indenture”), between us and Computershare Trust Company, N.A., as successor to Wells Fargo Bank, National Association, as trustee (the “Trustee”), and a First Supplemental Indenture, dated as of June 12, 2020 (the “First Supplemental Indenture” and together with the Base Indenture, the “June 2025 Indenture”), between us and the Trustee. The June 2025 Notes will mature on June 30, 2025 and may be redeemed in whole or in part at our option at any time or from time to time at the redemption prices set forth in the June 2025 Indenture. The June 2025 Notes initially bear interest at a rate of 6.75% per year payable semi-annually on June 30 and December 30 of each year, commencing on December 30, 2020. As described in the First Supplemental Indenture, if the June 2025 Notes cease to have an investment grade rating from Kroll Bond Rating Agency (or if Kroll Bond Rating Agency ceases to rate the June 2025 Notes or fails to make a rating of the June 2025 Notes publicly available for reasons outside of our control, a “nationally recognized statistical rating organization,” as defined in Section 3(a)(62) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) selected by us as a replacement agency for Kroll Bond Rating Agency) (an “Interest Rate Adjustment Event”), the interest rate on the June 2025 Notes will increase to 7.50% from the date of the Interest Rate Adjustment Event until the date on which the June 2025 Notes next again receive an investment grade rating. The June 2025 Notes are our direct, general unsecured obligations and rank senior in right of payment to all of our future indebtedness or other obligations that are expressly subordinated, or junior, in right of payment to the June 2025 Notes. The June 2025 Notes rank pari passu, or equal, in right of payment with all of our existing and future indebtedness or other obligations that are not so subordinated, or junior. The June 2025 Notes rank effectively subordinated, or junior, to any of our future secured indebtedness or other obligations. The June 2025 Notes rank structurally subordinated, or junior, to all existing and

future indebtedness and other obligations (including trade payables) incurred by our subsidiaries, financing vehicles or similar facilities.

In addition, if a change of control repurchase event, as defined in the June 2025 Indenture, occurs prior to maturity, holders of the June 2025 Notes will have the right, at their option, to require us to repurchase for cash some or all of the June 2025 Notes at a repurchase price equal to 100% of the aggregate principal amount of the June 2025 Notes being repurchased, plus accrued and unpaid interest to, but excluding, the repurchase date.

Long Term Debt, Dividends and Covenants [Text Block]

The June 2025 Indenture contains certain covenants, including covenants requiring us to (i) comply with the asset coverage requirements of the 1940 Act, whether or not it is subject to those requirements, and (ii) provide financial information to the holders of the June 2025 Notes and the Trustee if we are no longer subject to the reporting requirements under the Exchange Act. These covenants are subject to important limitations and exceptions that are described in the June 2025 Indenture.

December 2025 Notes [Member]

Financial Highlights [Abstract]

Senior Securities Amount

$ 650.0

$ 650.0

$ 650.0

$ 650.0

$ 400.0

Senior Securities Coverage per Unit

$ 2,190.6

$ 2,165

$ 2,057.3

$ 2,309.9

$ 1,905.6

Capital Stock, Long-Term Debt, and Other Securities [Abstract]

Long Term Debt, Title [Text Block]

December 2025 Notes

Long Term Debt, Structuring [Text Block]

On September 23, 2020, we issued $400 million aggregate principal amount of its 4.75% notes due 2025 (the “December 2025 Notes”) in a private placement in reliance on Section 4(a)(2) of the Securities Act, and for initial resale to qualified institutional buyers pursuant to the exemption from registration provided by Rule 144A promulgated under the Securities Act. On November 23, 2021, we issued an additional $250 million aggregate principal amount of the December 2025 Notes in a private placement in reliance on Section 4(a)(2) of the Securities Act, and for initial resale to qualified institutional buyers pursuant to the exemption from registration provided by Rule 144A promulgated under the Securities Act. The December 2025 Notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

The December 2025 Notes were issued pursuant to the Base Indenture and a Second Supplemental Indenture, dated as of September 23, 2020 (the “Second Supplemental Indenture” and together with the Base Indenture, the “December 2025 Indenture”), between us and the Trustee. The December 2025 Notes will mature on December 15, 2025 and may be redeemed in whole or in part at our option at any time or from time to time at the redemption prices set forth in the December 2025 Indenture. The December 2025 Notes bear interest at a rate of 4.75% per year payable semi-annually on June 15 and December 15 of each year, commencing on December 15, 2020. The December 2025 Notes are our direct, general unsecured obligations and rank senior in right of payment to all of our future indebtedness or other obligations that are expressly subordinated, or junior, in right of payment to the December 2025 Notes. The December 2025 Notes rank pari passu, or equal, in right of payment with all of our existing and future indebtedness or other obligations that are not so subordinated, or junior. The December 2025 Notes rank effectively subordinated, or junior, to any of our future secured indebtedness or other obligations (including unsecured indebtedness that we later secure) to the extent of the value of the assets securing such indebtedness. The December 2025 Notes rank structurally subordinated, or junior, to all existing and future indebtedness and other obligations (including trade payables) incurred by our subsidiaries, financing vehicles or similar facilities.

In addition, if a change of control repurchase event, as defined in the December 2025 Indenture, occurs prior to maturity, holders of the December 2025 Notes will have the right, at their option, to require us to repurchase for cash some or all of the December 2025 Notes at a repurchase price equal to 100% of the aggregate principal amount of the December 2025 Notes being repurchased, plus accrued and unpaid interest to, but excluding, the repurchase date.

Long Term Debt, Dividends and Covenants [Text Block]

The Indenture contains certain covenants, including covenants requiring us to (i) comply with the asset coverage requirements of the 1940 Act, as amended, whether or not it is subject to those requirements, and (ii) provide financial information to the holders of the December 2025 Notes and the Trustee we no longer are subject to the reporting requirements under the Exchange Act, as amended. These covenants are subject to important limitations and exceptions that are described in the Indenture.

June 2026 Notes [Member]

Financial Highlights [Abstract]

Senior Securities Amount

$ 375.0

$ 375.0

$ 375.0

$ 375.0

$ 375.0

Senior Securities Coverage per Unit

$ 2,190.6

$ 2,165

$ 2,057.3

$ 2,309.9

$ 1,905.6

Capital Stock, Long-Term Debt, and Other Securities [Abstract]

Long Term Debt, Title [Text Block]

June 2026 Notes

Long Term Debt, Structuring [Text Block]

On December 17, 2020, we issued $375 million aggregate principal amount of 3.75% notes due 2026 (the “June 2026 Notes”) in a private placement in reliance on Section 4(a)(2) of the Securities Act, and for initial to qualified institutional buyers pursuant to the exemption from registration provided by Rule 144A promulgated under the Securities Act. The June 2026 Notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration.

The June 2026 Notes were issued pursuant to the Base Indenture and a Third Supplemental Indenture, dated as of December 17, 2020 (the “Third Supplemental Indenture” and together with the Base Indenture, the “June 2026 Indenture”), between us and the Trustee. The June 2026 Notes will mature on June 17, 2026 and may be redeemed in whole or in part at our option at any time or from time to time at the redemption prices set forth in the June 2026 Indenture. The June 2026 Notes bear interest at a rate of 3.75% per year payable semi-annually on June 17 and December 17 of each year, commencing on June 17, 2021. The June 2026 Notes are our direct, general unsecured obligations and rank senior in right of payment to all of our future indebtedness or other obligations that are expressly subordinated, or junior, in right of payment to the June 2026 Notes. The June 2026 Notes rank pari passu, or equal, in right of payment with all of our existing and future indebtedness or other obligations that are not so subordinated, or junior to the June 2026 Notes. The June 2026 Notes rank effectively subordinated, or junior, to any of our future secured indebtedness or other obligations (including unsecured indebtedness that we later secure) to the extent of the value of the assets securing such indebtedness. The June

2026 Notes rank structurally subordinated, or junior, to all existing and future indebtedness and other obligations (including trade payables) incurred by our subsidiaries, financing vehicles or similar facilities.

In addition, if a change of control repurchase event, as defined in the June 2026 Indenture, occurs prior to maturity, holders of the June 2026 Notes will have the right, at their option, to require us to repurchase for cash some or all of the June 2026 Notes at a repurchase price equal to 100% of the aggregate principal amount of the June 2026 Notes being repurchased, plus accrued and unpaid interest to, but excluding, the repurchase date.

Long Term Debt, Dividends and Covenants [Text Block]

The June 2026 Indenture contains certain covenants, including covenants requiring us to (i) comply with the asset coverage requirements of the 1940 Act whether or not it is subject to those requirements, and (ii) provide financial information to the holders of the June 2026 Notes and the Trustee if we are no longer subject to the reporting requirements under the Securities Exchange Act of 1934, as amended. These covenants are subject to important limitations and exceptions that are described in the Indenture.

January 2027 Notes [Member]

Financial Highlights [Abstract]

Senior Securities Amount

$ 300.0

$ 300.0

$ 300.0

$ 300.0

Senior Securities Coverage per Unit

$ 2,190.6

$ 2,165

$ 2,057.3

$ 2,309.9

Capital Stock, Long-Term Debt, and Other Securities [Abstract]

Long Term Debt, Title [Text Block]

January 2027 Notes

Long Term Debt, Structuring [Text Block]

On June 14, 2021, we issued $300 million aggregate principal amount of 2.50% notes due 2027 (the “January 2027 Notes”). The January 2027 Notes were issued pursuant to the Base Indenture and a Fourth Supplemental Indenture, dated as of December 17, 2020 (the “Fourth Supplemental Indenture” and together with the Base Indenture, the “January 2027 Indenture”), between us and the Trustee. The January 2027 Notes will mature on January 15, 2027 and may be redeemed in whole or in part at our option at any time or from time to time at the redemption prices set forth in the January 2027 Indenture. The January 2027 Notes bear interest at a rate of 2.50% per year, payable semi-annually on January 15 and July 15 of each year, commencing on January 15, 2022. The January 2027 Notes are our direct, general unsecured obligations and rank senior in right of payment to all of our future indebtedness or other obligations that are expressly subordinated, or junior, in right of payment to the January 2027 Notes. The January 2027 Notes rank pari passu, or equal, in right of payment with all of our existing and future indebtedness or other obligations that are not so subordinated, or junior to the January 2027 Notes. The January 2027 Notes rank effectively subordinated, or junior, to any of our future secured indebtedness or other obligations (including unsecured indebtedness that we later secure) to the extent of the value of the assets securing such indebtedness. The January 2027 Notes rank structurally subordinated, or junior, to all existing and future indebtedness and other obligations (including trade payables) incurred by our subsidiaries, financing vehicles or similar facilities.

In addition, if a change of control repurchase event, as defined in the January 2027 Indenture, occurs prior to maturity, holders of the January 2027 Notes will have the right, at their option, to require us to repurchase for cash some or all of the January 2027 Notes at a repurchase price equal to 100% of the aggregate principal amount of the January 2027 Notes being repurchased, plus accrued and unpaid interest to, but excluding, the repurchase date.

Long Term Debt, Dividends and Covenants [Text Block]

The January 2027 Indenture contains certain covenants, including covenants requiring us to (i) comply with the asset coverage requirements of the 1940, whether or not it is subject to those requirements, and (ii) provide financial information to the holders of the January 2027 Notes and the Trustee if we are no longer subject to the reporting requirements under the Securities Exchange Act of 1934, as amended. These covenants are subject to important limitations and exceptions that are described in the Indenture.

CLO 2020-1 [Member]

Financial Highlights [Abstract]

Senior Securities Amount

$ 204.0

$ 204.0

$ 200.0

$ 200.0

$ 200.0

Senior Securities Coverage per Unit

$ 2,190.6

$ 2,165

$ 2,057.3

$ 2,309.9

$ 1,905.6

Capital Stock, Long-Term Debt, and Other Securities [Abstract]

Long Term Debt, Title [Text Block]

CLO 2020-1

Long Term Debt, Structuring [Text Block]

On December 16, 2020 (the “CLO 2020-1 Closing Date”), we completed a $333.5 million term debt securitization transaction (the “CLO 2020-1 Transaction”), also known as a collateralized loan obligation transaction, which is a form of secured financing incurred by us. The secured notes and preferred shares issued in the CLO 2020-1 Transaction were issued by our consolidated subsidiaries Owl Rock Technology Financing 2020-1, an exempted company incorporated in the Cayman Islands with limited liability (the “CLO 2020-1 Issuer”), and Owl Rock Technology Financing 2020-1 LLC, a Delaware limited liability company (the “CLO 2020-1 Co-Issuer” and together with the CLO 2020-1 Issuer, the “CLO 2020-1 Issuers”) and were backed by a portfolio of collateral obligations consisting of middle-market loans, recurring revenue loans and participation interests in middle-market loans, recurring revenue loans as well as by other assets of the CLO 2020-1 Issuer.

CLO 2020-1 Transaction was executed by the issuance of the following classes of notes and preferred shares pursuant to an indenture and security agreement dated as of the Closing Date (the “CLO 2020-1 Indenture”), by and among the CLO 2020-1 Issuers and State Street Bank and Trust Company: $200 million of A (sf) Class A Notes, which, as of July 18, 2023, bore interest at term SOFR (plus a spread adjustment) plus 2.95% (the “CLO 2020-1 Secured Notes”). The CLO 2020-1 Secured Notes were secured by the middle-market loans, recurring revenue loans, participation interests in middle-market loans and recurring revenue loans and other assets of the Issuer. The CLO 2020-1 Secured Notes were scheduled to mature on the Payment Date (as defined in the CLO 2020-1 Indenture) in January, 2031. The CLO 2020-1 Secured Notes were offered by MUFG Securities Americas Inc., as initial purchaser, from time to time in individually negotiated transactions.

The CLO 2020-1 Secured Notes were redeemed in the CLO 2020-1 Refinancing, described below.

Concurrently with the issuance of the CLO 2020-1 Secured Notes, the CLO 2020-1 Issuer issued approximately $133.5 million of subordinated securities in the form of 133,500 preferred shares at an issue price of U.S.$1,000 per share (the “CLO 2020-1 Preferred Shares”). The CLO 2020-1 Preferred Shares were issued by the CLO 2020-1 Issuer as part of its issued share capital and are not secured by the collateral securing the CLO 2020-1 Secured Notes. We purchased all of the CLO 2020-1 Preferred Shares. We acted as a retention holder in connection with the CLO 2020-1 Transaction for the purposes of satisfying certain U.S. and European Union regulations requiring sponsors of securitization transactions to retain exposure to the performance of the securitized assets and as such were required to retain a portion of the CLO 2020-1 Preferred Shares.

As part of the CLO 2020-1 Transaction, we entered into a loan sale agreement with the CLO 2020-1 Issuer dated as of the Closing Date, which provided for the sale and contribution of approximately $243.4 million par amount of middle-market loans and recurring revenue loans from us to the CLO 2020-1 Issuer on the Closing Date and for future sales from us to the CLO 2020-1 Issuer on an ongoing basis. No gain or loss was recognized as a result of these sales and contributions. Such loans constituted part of the initial portfolio of assets securing the CLO 2020-1 Secured Notes. We made customary representations, warranties, and covenants to the CLO 2020-1 Issuer under the loan sale agreement.

Through January 15, 2022, the net proceeds of the issuing of the CLO 2020-1 Secured Notes not used to purchase the initial portfolio of loans securing the CLO 2020-1 Secured Notes and a portion of the proceeds received by the CLO 2020-1 Issuer from the loans securing the CLO 2020-1 Secured Notes were able to be used by the CLO 2020-1 Issuer to purchase additional middle-market loans and recurring revenue loans under the direction of the Adviser, in its capacity as collateral manager for the CLO 2020-1 Issuer and in accordance with our investing strategy and ability to originate eligible middle-market loans and recurring revenue loans.

On August 23, 2023 (the “CLO 2020-1 Refinancing Date”), we completed a $337,500,000 term debt securitization refinancing (the “CLO 2020-1 Refinancing”), also known as a collateralized loan obligation refinancing, which is a form of secured financing incurred by us. The secured notes issued in the CLO 2020-1 Refinancing were issued by the our consolidated subsidiary Owl Rock Technology Financing 2020-1 LLC, a Delaware limited liability company (the “CLO 2020-1 Refinancing Issuer”) and are backed by a portfolio of collateral obligations consisting of middle-market loans and participation interests in middle-market loans as well as by other assets of the CLO 2020-1 Refinancing Issuer.

The CLO 2020-1 Refinancing was executed by the issuance of the following classes of notes pursuant to an indenture and security agreement dated as of the CLO 2020-1 Closing Date by and among the CLO 2020-1 Issuer, the CLO 2020-1 Refinancing Issuer, as co-issuer and State Street Bank and Trust Company as trustee, as supplemented by the First Supplemental Indenture dated as of July 18, 2023 by and among the CLO 2020-1 Issuer, as issuer, the CLO 2020-1 Refinancing Issuer, as co-issuer and the Trustee and the Second Supplemental Indenture dated as of the CLO 2020-1 Refinancing Date (the “CLO 2020-1 Refinancing Indenture”), by and among the CLO 2020-1 Refinancing Issuer and the Trustee: (i) $112,500,000 of AAA(sf) Class A-1R Notes, which bear interest at the Benchmark plus 3.05%, (ii) $23,500,000 of AAA(sf) Class A-2R Notes, which bear interest at 6.937%, (iii) $53,000,000 of A(sf) Class B-1R Notes, which bear interest at the Benchmark plus 4.64% and (iv) $15,000,000 of A(sf) Class B-2R Notes, which bear interest at 8.497%, (together, the “CLO 2020-1 Refinancing Secured Notes”). The CLO 2020-1 Refinancing Secured Notes are secured by the middle-market loans and other assets of the CLO 2020-1 Refinancing Issuer. The CLO 2020-1 Refinancing Secured Notes are scheduled to mature on the Payment Date (as defined in the CLO 2020-1 Refinancing Indenture) in October, 2035. The CLO 2020-1 Refinancing Secured Notes were privately placed by MUFG Securities Americas Inc. and Scotia Capital (USA) Inc. The proceeds from the CLO 2020-1 Refinancing were used to redeem in full the classes of notes issued on the CLO 2020-1 Closing Date and to pay expenses incurred in connection with the CLO 2020-1 Refinancing. On the CLO 2020-1 Refinancing Date, the CLO 2020-1 Issuer was merged with and into the CLO 2020-1 Refinancing Issuer, with the CLO 2020-1 Refinancing Issuer surviving the merger. The CLO 2020-1 Refinancing Issuer assumed by all operation of law all of the rights and obligations of the CLO 2020-1 Issuer, including the subordinated securities issued by the CLO 2020-1 Issuer on the CLO 2020-1 Closing Date.

On the CLO 2020-1 Closing Date, the CLO 2020-1 Issuer entered into a loan sale agreement with us, which provided for the sale and contribution of approximately $243.43 million par amount of middle-market loans from us to the CLO 2020-1 Issuer on the CLO 2020-1 Refinancing Date and for future sales from us to the CLO 2020-1 Issuer on an ongoing basis. As part of the CLO 2020-1 Refinancing, the CLO 2020-1 Refinancing Issuer, as the successor to the CLO 2020-1 Issuer, entered into an amended and restated loan sale agreement with us dated as of the CLO 2020-1 Refinancing Date, pursuant to which the CLO 2020-1 Refinancing Issuer

assumed all ongoing obligations of the CLO 2020-1 Issuer under the original agreement and we sold and contributed approximately $83.93 million par amount middle-market loans to the CLO 2020-1 Refinancing Issuer on the CLO 2020-1 Refinancing Date and provides for future sales from us to the CLO 2020-1 Refinancing Issuer on an ongoing basis. Such loans constituted part of the portfolio of assets securing the CLO 2020-1 Refinancing Secured Notes. We made customary representations, warranties, and covenants to the Issuer under the loan sale agreement.

Through October 15, 2027, a portion of the proceeds received by the CLO 2020-1 Refinancing Issuer from the loans securing the CLO 2020-1 Refinancing Secured Notes may be used by the CLO 2020-1 Refinancing Issuer to purchase additional middle-market loans under the direction of the Adviser, in its capacity as collateral manager for the CLO 2020-1 Refinancing Issuer and in accordance with our investing strategy and ability to originate eligible middle-market loans.

Long Term Debt, Dividends and Covenants [Text Block]

The CLO 2020-1 Secured Notes were the secured obligation of the CLO 2020-1 Issuers, and the CLO 2020-1 Indenture included customary covenants and events of default. The CLO 2020-1 Secured Notes were not registered under the Securities Act, or any state securities (e.g., “blue sky”) laws, and were not able to be offered or sold in the United States absent registration with the SEC or pursuant to an applicable exemption from such registration.

The Adviser served as collateral manager for the CLO 2020-1 Issuer under a collateral management agreement dated as of the Closing Date. The Adviser was entitled to receive fees for providing these services. The Adviser waived its right to receive such fees but may rescind such waiver at any time; provided, however, that if the Adviser rescinds such waiver, the management fee payable to the Adviser pursuant to the Investment Advisory Agreement, dated August 10, 2018, between the Adviser and us will be offset by the amount of the collateral management fee attributable to the CLO 2020-1 Issuers’ equity or notes owned by us.

The CLO 2020-1 Refinancing Secured Notes are the secured obligation of the CLO 2020-1 Refinancing Issuer, and the CLO 2020-1 Refinancing Indenture includes customary covenants and events of default. The CLO 2020-1 Refinancing Secured Notes have not been registered under the Securities Act, or any state securities (e.g., “blue sky”) laws, and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission or pursuant to an applicable exemption from such registration.

The Adviser serves as collateral manager for the CLO 2020-1 Refinancing Issuer under an amended and restated collateral management agreement dated as of the CLO 2020-1 Refinancing Date. The Adviser is entitled to receive fees for providing these services. The Adviser has waived its right to receive such fees but may rescind such waiver at any time.

Subscription Credit Facility [Member]

Financial Highlights [Abstract]

Senior Securities Amount

$ 0.0

$ 105.8

$ 645.7

$ 300.0

Senior Securities Coverage per Unit

$ 2,309.9

$ 1,905.6

$ 1,934.6

$ 1,954.6

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Significant Accounting Policies (Policies)

9 Months Ended

Sep. 30, 2024

Accounting Policies [Abstract]

Basis of Presentation

Basis of Presentation

The accompanying consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The Company is an investment company and, therefore, applies the specialized accounting and reporting guidance in Accounting Standards Codification (“ASC”) Topic 946, Financial Services – Investment Companies. In the opinion of management, all adjustments considered necessary for the fair presentation of the consolidated financial statements have been included. The Company was initially capitalized on August 7, 2018 and commenced operations on August 10, 2018. The Company’s fiscal year ends on December 31.

Use of Estimates

Use of Estimates 

The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements. Actual amounts could differ from those estimates and such differences could be material.

Cash

Cash

Cash consists of deposits held at a custodian bank. Cash is carried at cost, which approximates fair value. The Company deposits its cash with highly-rated banking corporations and, at times, may exceed the insured limits under applicable law.

Investments at Fair Value

Investments at Fair Value

Investment transactions are recorded on the trade date. Realized gains or losses are measured by the difference between the net proceeds received and the amortized cost basis of the investment using the specific identification method without regard to unrealized gains or losses previously recognized, and include investments charged off during the period, net of recoveries. The net change in unrealized gains or losses primarily reflects the change in investment values, including the reversal of previously recorded unrealized gains or losses with respect to investments realized during the period. Rule 2a-5 under the 1940 Act establishes requirements for determining fair value in good faith for purposes of the 1940 Act. Pursuant to Rule 2a-5, the Board designated the Adviser as the Company’s valuation designee to perform fair value determinations relating to the value of assets held by the Company for which market quotations are not readily available.

Investments for which market quotations are readily available are typically valued at the average bid price of those market quotations. To validate market quotations, the Company utilizes a number of factors to determine if the quotations are representative of fair value, including the source and number of the quotations. Debt and equity securities that are not publicly traded or whose market prices are not readily available, as is the case for substantially all of the Company’s investments, are valued at fair value as determined in good faith by the Adviser, as the valuation designee, based on, among other things, the input of the independent third-party valuation firm(s) engaged at the direction of the Adviser.

As part of the valuation process, the Adviser, as the valuation designee, takes into account relevant factors in determining the fair value of the Company’s investments, including: the estimated enterprise value of a portfolio company (i.e., the total fair value of the portfolio company’s debt and equity), the nature and realizable value of any collateral, the portfolio company’s ability to make payments based on its earnings and cash flow, the markets in which the portfolio company does business, a comparison of the portfolio company’s securities to any similar publicly traded securities, and overall changes in the interest rate environment and the credit markets that may affect the price at which similar investments may be made in the future. When an external event such as a purchase or sale transaction, public offering or subsequent equity sale occurs, the Adviser, as the valuation designee, considers whether the pricing indicated by the external event corroborates its valuation.

The Adviser, as the valuation designee, undertakes a multi-step valuation process, which includes, among other procedures, the following:

•With respect to investments for which market quotations are readily available, those investments will typically be valued at the average bid price of those market quotations;

•With respect to investments for which market quotations are not readily available, the valuation process begins with the independent valuation firm(s) providing a preliminary valuation of each investment to the Adviser’s valuation committee;

•Preliminary valuation conclusions are documented and discussed with the Adviser’s valuation committee;

•The Adviser, as the valuation designee, reviews the recommended valuations and determines the fair value of each investment;

•Each quarter, the Adviser, as the valuation designee, will provide the Audit Committee a summary or description of material fair value matters that occurred in the prior quarter and on an annual basis, the Adviser, as the valuation designee, will provide the Audit Committee with a written assessment of the adequacy and effectiveness of its fair value process; and

•The Audit Committee oversees the valuation designee and will report to the Board on any valuation matters requiring the Board’s attention.

The Company conducts this valuation process on a quarterly basis.

The Company applies Financial Accounting Standards Board Accounting Standards Codification 820, Fair Value Measurements (“ASC 820”), as amended, which establishes a framework for measuring fair value in accordance with U.S. GAAP and required disclosures of fair value measurements. ASC 820 determines fair value to be the price that would be received for an investment in a current sale, which assumes an orderly transaction between market participants on the measurement date. Market participants are defined as buyers and sellers in the principal or most advantageous market (which may be a hypothetical market) that are independent, knowledgeable, and willing and able to transact. In accordance with ASC 820, the Company considers its principal market to be the market that has the greatest volume and level of activity. ASC 820 specifies a fair value hierarchy that prioritizes and ranks the level of observability of inputs used in determination of fair value. In accordance with ASC 820, these levels are summarized below:

•Level 1 – Valuations based on quoted prices in active markets for identical assets or liabilities that the Company has the ability to access.

•Level 2 – Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly.

•Level 3 – Valuations based on inputs that are unobservable and significant to the overall fair value measurement.

Transfers between levels, if any, are recognized at the beginning of the period in which the transfer occurs. In addition to using the above inputs in investment valuations, the Company applies the valuation policy approved by its Board that is consistent with ASC 820. Consistent with the valuation policy, the Adviser, as the valuation designee, evaluates the source of the inputs, including any markets in which its investments are trading (or any markets in which securities with similar attributes are trading), in determining fair value. When an investment is valued based on prices provided by reputable dealers or pricing services (such as broker quotes), the Adviser, as the valuation designee, subjects those prices to various criteria in making the determination as to whether a particular investment would qualify for treatment as a Level 2 or Level 3 investment. For example, the Adviser, as the valuation designee, or the independent valuation firm(s), reviews pricing support provided by dealers or pricing services in order to determine if observable market information is being used, versus unobservable inputs.

Due to the inherent uncertainty of determining the fair value of investments that do not have a readily available market value, the fair value of the Company’s investments may fluctuate from period to period. Additionally, the fair value of such investments may differ significantly from the values that would have been used had a ready market existed for such investments and may differ materially from the values that may ultimately be realized. Further, such investments are generally less liquid than publicly traded securities and may be subject to contractual and other restrictions on resale. If the Company were required to liquidate a portfolio investment in a forced or liquidation sale, it could realize amounts that are different from the amounts presented and such differences could be material.

In addition, changes in the market environment and other events that may occur over the life of the investments may cause the gains or losses ultimately realized on these investments to be different than the unrealized gains or losses reflected herein.

Financial and Derivative Instruments

Financial and Derivative Instruments

Pursuant to ASC 815 Derivatives and Hedging, all derivative instruments entered into by the Company are designated as hedging instruments. For all derivative instruments designated as a hedge, the entire change in the fair value of the hedging instrument shall be recorded in the same line item of the Consolidated Statements of Operations as the hedged item. The Company’s derivative instruments are used to hedge the Company’s fixed rate debt, and therefore both the periodic payment and the change in fair value for the effective hedge, if applicable, will be recognized as components of interest expense in the Consolidated Statements of Operations. Fair value is estimated by discounting remaining payments using applicable current market rates, or market quotes, if available.

Rule 18f-4 requires BDCs that use derivatives to, among other things, comply with a value-at-risk leverage limit, adopt a derivatives risk management program, and implement certain testing and board reporting procedures. Rule 18f-4 exempts BDCs that qualify as “limited derivatives users” from the aforementioned requirements, provided that these BDCs adopt written policies and procedures that are reasonably designed to manage the BDC’s derivatives risks and comply with certain recordkeeping requirements. Rule 18f-4 provides that a BDC may enter into an unfunded commitment agreement that is not a derivatives transaction, such as an agreement to provide financing to a portfolio company, if the BDC has, among other things, a reasonable belief, at the time it enters into such an agreement, that it will have sufficient cash and cash equivalents to meet its obligations with respect to all of its unfunded commitment agreements, in each case as it becomes due. Pursuant to Rule 18f-4, when the Company trades reverse repurchase agreements or similar financing transactions, including certain tender option bonds, the Company needs to aggregate the amount of any other senior securities representing indebtedness (e.g., bank borrowings, if applicable) when calculating our asset coverage ratio.

The Company currently qualifies as a “limited derivatives user” and expects to continue to do so. The Company has adopted a derivatives policy and complies with the recordkeeping requirements of Rule 18f-4.

Foreign Currency

Foreign Currency

Foreign currency amounts are translated into U.S. dollars on the following basis:

•cash, fair value of investments, outstanding debt, other assets and liabilities: at the spot exchange rate on the last business day of the period; and

•purchases and sales of investments, borrowings and repayments of such borrowings, income and expenses: at the rates of exchange prevailing on the respective dates of such transactions.

The Company includes net changes in fair values on investments held resulting from foreign exchange rate fluctuations with the change in unrealized gains (losses) on translation of assets and liabilities in foreign currencies on the Consolidated Statements of Operations. The Company’s current approach to hedging the foreign currency exposure in its non-U.S. dollar denominated investments is primarily to borrow the par amount in local currency under the Company’s Revolving Credit Facility to fund these investments. Fluctuations arising from the translation of foreign currency borrowings are included with the net change in unrealized gains (losses) on translation of assets and liabilities in foreign currencies on the Consolidated Statements of Operations.

Investments denominated in foreign currencies and foreign currency transactions may involve certain considerations and risks not typically associated with those of domestic origin, including unanticipated movements in the value of the foreign currency relative to the U.S. dollar.

Interest and Dividend Income Recognition and Other Income

Interest and Dividend Income Recognition

Interest income is recorded on the accrual basis and includes amortization and accretion of discounts or premiums. Certain investments may have contractual payment-in-kind (“PIK”) interest or dividends, the majority of which is structured at initial underwriting. PIK interest and dividends represent accrued interest or dividends that are added to the principal amount or liquidation amount of the investment on the respective interest or dividend payment dates rather than being paid in cash and generally becomes due at maturity or at the occurrence of a liquidation event.

Discounts and premiums to par value on securities purchased are amortized into interest income over the contractual life of the respective security using the effective yield method. The amortized cost of investments represents the original cost adjusted for the amortization and accretion of discounts or premiums, if any. Upon prepayment of a loan or debt security, any prepayment premiums, unamortized upfront loan origination fees and unamortized discounts are recorded as interest income in the current period.

Loans are generally placed on non-accrual status when there is reasonable doubt that principal or interest will be collected in full. Accrued interest is generally reversed when a loan is placed on non-accrual status. Interest payments received on non-accrual loans may be recognized as income or applied to principal depending upon management’s judgment regarding collectability. If at any point the Company believes PIK interest is not expected to be realized, the investment generating PIK interest will be placed on non-accrual status. When a PIK investment is placed on non-accrual status, the accrued, uncapitalized interest or dividends are generally reversed through interest income. Non-accrual loans are restored to accrual status when past due principal and interest is paid current and, in management’s judgment, are likely to remain current. Management may make exceptions to this treatment and determine to not place a loan on non-accrual status if the loan has sufficient collateral value and is in the process of collection.

Dividend income on preferred equity securities is recorded on the accrual basis to the extent that such amounts are payable by the portfolio company and are expected to be collected. Dividend income on common equity securities is recorded on the record date for private portfolio companies or on the ex-dividend date for publicly-traded portfolio companies.

Other Income 

From time to time, the Company may receive fees for services provided to portfolio companies. These fees are generally only available to the Company as a result of closing investments, are generally paid at the closing of the investments, are generally non-

recurring and are recognized as revenue when earned upon closing of the investment. The services that the Adviser provides vary by investment, but can include closing, work, diligence or other similar fees and fees for providing managerial assistance to the Company’s portfolio companies.

Organization Expenses

Organization Expenses

Costs associated with the organization of the Company are expensed as incurred. These expenses consist primarily of legal fees and other costs of organizing the Company.

Offering Expenses and Distributions to Common Shareholders

Offering Expenses

Costs associated with the offering of common shares of the Company are capitalized as deferred offering expenses and are included in prepaid expenses and other assets in the Consolidated Statements of Assets and Liabilities and are amortized over a twelve-month period from incurrence. Expenses for any additional offerings are deferred and amortized as incurred. These expenses consist primarily of legal fees and other costs incurred in connection with the Company’s share offerings, the preparation of the Company’s registration statement, and registration fees.

Distributions to Common Shareholders

Distributions to common shareholders are recorded on the record date. The amount to be distributed is determined by the Board and is generally based upon the earnings estimated by the Adviser. In addition, the Board may consider the level of undistributed taxable income carried forward from the prior year for distribution in the current year. Undistributed long-term capital gains, if any, would be generally distributed at least annually, although the Company may decide to retain such capital gains for investment.

The Company has adopted a dividend reinvestment plan that provides for reinvestment of any cash distributions on behalf of shareholders, unless a shareholder elects to receive cash. As a result, if the Board authorizes and declares a cash distribution, then the shareholders who have not “opted out” of the dividend reinvestment plan will have their cash distribution automatically reinvested in additional shares of the Company’s common stock, rather than receiving the cash distribution. The Company expects to use newly issued shares to implement the dividend reinvestment plan.

Debt Issuance Costs

Debt Issuance Costs

The Company records origination and other expenses related to its debt obligations as debt issuance costs. These expenses are deferred and amortized utilizing the effective yield method, over the life of the related debt instrument. Debt issuance costs are presented on the Consolidated Statements of Assets and Liabilities as a direct deduction from the debt liability. In circumstances in which there is not an associated debt liability amount recorded in the consolidated financial statements when the debt issuance costs are incurred, such debt issuance costs will be reported on the Consolidated Statements of Assets and Liabilities as an asset until the debt liability is recorded.

Reimbursement of Transaction-Related Expenses

Reimbursement of Transaction-Related Expenses

The Company may receive reimbursement for certain transaction-related expenses in pursuing investments. Transaction-related expenses, which are generally expected to be reimbursed by the Company’s portfolio companies, are typically deferred until the transaction is consummated and are recorded in prepaid expenses and other assets on the date incurred. The costs of successfully completed investments not otherwise reimbursed are borne by the Company and are included as a component of the investment’s cost basis.

Cash advances received in respect of transaction-related expenses are recorded as cash with an offset to accrued expenses and other liabilities. Accrued expenses and other liabilities are relieved as reimbursable expenses are incurred.

Income Taxes

Income Taxes

The Company has elected to be treated as a BDC under the 1940 Act. The Company has elected to be treated as a RIC under the Code beginning with its taxable year ending December 31, 2018 and intends to continue to qualify as a RIC. So long as the Company maintains its tax treatment as a RIC, it generally will not pay U.S. federal income taxes at corporate rates on any ordinary income or capital gains that it distributes at least annually to its shareholders as dividends. Instead, any tax liability related to income earned and distributed by the Company represents obligations of the Company’s investors and will not be reflected in the consolidated financial statements of the Company.

To qualify as a RIC, the Company must, among other things, meet certain source-of-income and asset diversification requirements. In addition, to qualify for RIC tax treatment, the Company generally must distribute to its shareholders, for each taxable year, at least 90% of its “investment company taxable income” for that year, which is generally its ordinary income plus the excess of its realized net short-term capital gains over its realized net long-term capital losses. In order for the Company not to be subject to U.S. federal excise taxes, it must distribute annually an amount at least equal to the sum of (i) 98% of its net ordinary income (taking into account certain deferrals and elections) for the calendar year, (ii) 98.2% of its capital gains in excess of capital losses for the one-year period ending on October 31 of the calendar year and (iii) any net ordinary income and capital gains in excess of capital losses for preceding years that were not distributed during such years. The Company, at its discretion, may carry forward taxable income in excess of calendar year dividends and pay a 4% nondeductible U.S. federal excise tax on this income.

Certain of the Company’s consolidated subsidiaries are subject to U.S. federal and state corporate-level income taxes.

The Company evaluates tax positions taken or expected to be taken in the course of preparing its financial statements to determine whether the tax positions are “more-likely-than-not” to be sustained by the applicable tax authority. Tax positions not deemed to meet the “more-likely-than-not” threshold are reserved and recorded as a tax benefit or expense in the current year. All penalties and interest associated with income taxes are included in income tax expense. Conclusions regarding tax positions are subject to review and may be adjusted at a later date based on factors including, but not limited to, on-going analyses of tax laws, regulations and interpretations thereof. There were no material uncertain tax positions through December 31, 2023. As applicable, the Company’s prior three tax years remain subject to examination by U.S. federal, state and local tax authorities.

Consolidation

Consolidation

As provided under Regulation S-X and ASC Topic 946 - Financial Services - Investment Companies, the Company will generally not consolidate its investment in a company other than a wholly-owned investment company or controlled operating company whose business consists of providing services to the Company. Accordingly, the Company consolidated the accounts of the Company's wholly-owned subsidiaries in its consolidated financial statements. All significant intercompany balances and transactions have been eliminated in consolidation.

New Accounting Pronouncements

New Accounting Pronouncements

In March 2020, the FASB issued ASU No. 2020-04, “Reference Rate Reform (Topic 848),” which provides optional expedients and exceptions for applying U.S. GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments apply only to contracts, hedging relationships, and other transactions that reference London Interbank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued because of reference rate reform. In January 2021, the FASB issued ASU No. 2021-01, “Reference Rate Reform (Topic 848),” which expanded the scope of Topic 848 to include derivative instruments impacted by discounting transition. In December 2022, the FASB issued ASU No. 2022-06, “Reference Rate Reform (Topic 848),” which extended the transition period provided under ASU No. 2020-04 and 2021-01 for all entities from December 31, 2022 to December 31, 2024.

In June 2022, the FASB issued ASU No. 2022-03, “Fair Value Measurement (Topic 820),” which clarifies the guidance in Topic 820 when measuring the fair value of an equity security subject to contractual restrictions that prohibit the sale of an equity security and introduces new disclosure requirements for equity securities subject to contractual sale restrictions that are measured at fair value in accordance with Topic 820. The amendments affect all entities that have investments in equity securities measured at fair value that are subject to a contractual sale restriction. ASU 2022-03 is effective for public business entities for fiscal years beginning after December 15, 2023, and interim periods within those fiscal years. For all other entities the amendments are effective for fiscal years beginning after December 15, 2024, and interim periods within those fiscal years. Early adoption is permitted for both interim and annual financial statements that have not yet been issued or made available for issuance. An entity that qualifies as an investment company under Topic 946 should apply the amendments in ASU No. 2022-03 to an investment in an equity security subject to a contractual sale restriction that is executed or modified on or after the date of adoption. Management has adopted the aforementioned accounting pronouncement and concluded that it does not have a material effect on the accompanying consolidated financial statements.

In December 2023, the FASB issued ASU No. 2023-09, “Income Taxes (Topic 740),” which updates income tax disclosure requirements related to rate reconciliation, income taxes paid and other disclosures. ASU 2023-09 is effective for public business entities for fiscal years beginning after December 15, 2024. Early adoption is permitted for annual financial statements that have not yet been issued or made available for issuance. The Company is currently evaluating the impact of adopting ASU No. 2023-09 on the consolidated financial statements.

Other than the aforementioned guidance, the Company’s management does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the accompanying consolidated financial statements.

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Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2024

Accounting Policies [Abstract]

Schedule of PIK Interest and PIK Dividend Income

PIK interest and PIK dividend income consisted of the following for the periods:

	Three Months Ended September 30,						Nine Months Ended September 30,
($ in thousands)	2024			2023			2024			2023
PIK Interest Income	$	25,469		$	23,412		$	84,538		$	85,336
PIK Interest Income as a % of Investment Income	14.9		%	13.6		%	16.3		%	16.9		%
PIK Dividend Income	$	10,378		$	8,860		$	29,630		$	26,228
PIK Dividend Income as a % of Investment Income	6.1		%	5.1		%	5.7		%	5.2		%
Total PIK Income	$	35,847		$	32,272		$	114,168		$	111,564
Total PIK Income as a % of Investment Income	21.0		%	18.7		%	22.1		%	22.1		%

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Investments (Tables)

9 Months Ended

Sep. 30, 2024

Schedule of Investments [Abstract]

Schedule of Investments

The table below presents the composition of investments at fair value and amortized cost as of the following periods:

	September 30, 2024				December 31, 2023
($ in thousands)	Amortized Cost		Fair Value		Amortized Cost		Fair Value
First-lien senior secured debt investments	$	4,442,986	$	4,453,641	$	3,987,458	$	3,983,668
Second-lien senior secured debt investments	340,991		321,133		460,037		454,090
Unsecured debt investments	334,929		339,634		436,423		427,862
Preferred equity investments(1)	765,814		692,369		905,784		861,779
Common equity investments(2)	533,698		587,884		423,524		404,623
Joint ventures(3)	2,189		2,187		—		—
Total Investments	$	6,420,607	$	6,396,848	$	6,213,226	$	6,132,022

________________

(1)Includes equity investment in LSI Financing.

(2)Includes equity investment in Fifth Season.

(3)Includes equity investment in Credit SLF.

The Company uses Global Industry Classification Standards (“GICS”) for classifying the industry groupings of its portfolio companies. The table below presents the industry composition of investments based on fair value as of the following periods:

	September 30, 2024		December 31, 2023
Aerospace & Defense	2.2	%	2.2	%
Application Software	14.0		14.0
Banks	1.2		1.2
Building Products	0.9		0.9
Buildings & Real Estate	1.1		—
Capital Markets	—		0.5
Commercial Services & Supplies	0.3		—
Construction & Engineering(4)	—		—
Consumer Finance	0.5		0.3
Diversified Consumer Services	3.9		5.1
Diversified Financial Services	6.8		6.2
Electrical Equipment	—		0.8
Energy Equipment & Services	1.9		2.0
Entertainment	1.9		—
Equity Real Estate Investment Trusts (REITs)	0.1		—
Food & Staples Retailing	0.4		0.4
Health Care Providers & Services	1.0		1.1
Health Care Technology	16.0		14.4
Hotels, Restaurants & Leisure	1.9		2.6
Household Durables	1.3		1.3
Industrial Conglomerates	1.4		1.4
Insurance(1)	2.2		1.6
Internet & Direct Marketing Retail	4.3		3.8
IT Services	3.7		5.1
Joint Ventures(3)(4)	—		—
Life Sciences Tools & Services	0.1		0.1
Media	0.9		—
Multiline Retail	0.1		—
Pharmaceuticals(2)	1.1		0.4
Professional Services	5.9		7.7
Real Estate Management & Development	0.8		0.9
Road & Rail	0.2		0.2
Systems Software	23.9		24.7
Thrifts & Mortgage Finance(4)	—		1.1
Total	100.0	%	100.0	%

________________

(1)Includes investment in Fifth Season.

(2)Includes investment in LSI Financing.

(3)Includes equity investment in Credit SLF. See below, within Note 4, for more information regarding Credit SLF.

(4)Rounds to less than 0.1% as of September 30, 2024.

The table below presents the geographic composition of investments based on fair value as of the following periods:

	September 30, 2024		December 31, 2023
United States:
Midwest	20.6	%	19.7	%
Northeast	14.9		16.0
South	20.8		17.1
West	27.8		31.5
Brazil	0.6		0.6
Canada	4.1		4.3
Estonia	0.2		0.2
Guernsey	1.4		3.7
Ireland	0.3		0.2
Israel	2.3		2.5
Netherlands	0.5		1.0
Norway	0.4		—
Spain	0.3		—
Sweden	0.5		—
United Kingdom	5.3		3.2
Total	100.0	%	100.0	%

Schedule of Committed Capital, Investment Company

As of September 30, 2024, the capital commitment and economic ownership of each Credit SLF Member is as follows:

Members	Capital Commitment		Economic ownership interest
($ in thousands)
Blue Owl Capital Corporation	$	24,500	42.8	%
Blue Owl Capital Corporation II	500		0.9	%
Blue Owl Capital Corporation III	6,250		10.9	%
Blue Owl Credit Income Corp.	11,250		19.7	%
Blue Owl Technology Finance Corp.	2,500		4.4	%
Blue Owl Technology Finance Corp. II	2,500		4.4	%
Blue Owl Technology Income Corp.	2,500		4.4	%
State Teachers Retirement System of Ohio	7,143		12.5	%
Total	$	57,143	100.0	%

Summary of Consolidated Financial Data

The table below sets forth Credit SLF's consolidated financial data (unaudited) as of and for the following periods:

	As of
($ in thousands)	September 30, 2024
Consolidated Balance Sheet Data
Cash	$	16,174
Investments at fair value	$	150,220
Total Assets	$	166,462
Total Debt (net of unamortized debt issuance costs)	$	31,326
Total Liabilities	$	116,474
Total Credit SLF Members' Equity	$	49,988

	For the Three Months Ended September 30,		For the Nine Months Ended September 30,
($ in thousands)	2024(1)		2024(1)
Consolidated Statement of Operations Data
Investment income	$	556	$	556
Net operating expenses	602		672
Net investment income (loss)	$	(46)	$	(116)
Total net realized and unrealized gain (loss)	104		104
Net increase (decrease) in Credit SLF Members' Equity resulting from operations	$	58	$	(12)

________________

(1)Credit SLF commenced operations on May 6, 2024.

XML

Debt (Tables)

9 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

Schedule of Debt Obligations

The tables below present the debt obligations for the following periods:

	September 30, 2024
($ in thousands)	Aggregate Principal Committed		Outstanding Principal		Amount Available(1)		Unamortized Debt Issuance Costs		Net Carrying Value
Revolving Credit Facility(2)	$	1,115,000	$	351,472	$	763,528	$	13,696	$	337,778
SPV Asset Facility I	600,000		600,000		—		5,037		594,963
SPV Asset Facility II	300,000		300,000		—		1,258		298,742
June 2025 Notes	210,000		210,000		—		928		209,072
December 2025 Notes	650,000		650,000		—		(1,888)		651,888
June 2026 Notes	375,000		375,000		—		2,599		372,401
January 2027 Notes	300,000		300,000		—		3,520		296,480
CLO 2020-1	204,000		204,000		—		4,117		199,883
Total Debt	$	3,754,000	$	2,990,472	$	763,528	$	29,267	$	2,961,207

________________

(1)The amount available reflects any limitations related to each credit facility’s borrowing base.

(2)Net carrying value includes the unrealized translation gain (loss) on borrowings denominated in foreign currencies.

	December 31, 2023
($ in thousands)	Aggregate Principal Committed		Outstanding Principal		Amount Available(1)		Unamortized Debt Issuance Costs		Net Carrying Value
Revolving Credit Facility(2)	$	1,090,000	$	343,393	$	746,607	$	16,127	$	327,266
SPV Asset Facility I	600,000		600,000		—		5,547		594,453
SPV Asset Facility II	300,000		300,000		—		1,897		298,103
June 2025 Notes	210,000		210,000		—		1,825		208,175
December 2025 Notes	650,000		650,000		—		(3,042)		653,042
June 2026 Notes	375,000		375,000		—		3,684		371,316
January 2027 Notes	300,000		300,000		—		4,636		295,364
CLO 2020-1	204,000		204,000		—		4,390		199,610
Total Debt	$	3,729,000	$	2,982,393	$	746,607	$	35,064	$	2,947,329

________________

(1)The amount available reflects any limitations related to each credit facility’s borrowing base.

(2)Net carrying value includes the unrealized translation gain (loss) on borrowings denominated in foreign currencies.

Schedule of Components of Interest Expense

The table below presents the components of interest expense for the following periods:

	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
($ in thousands)	2024			2023			2024			2023
Interest expense	$	46,170		$	46,510		$	139,456		$	139,099
Amortization of debt issuance costs	2,108			3,147			6,528			7,349
Total Interest Expense	$	48,278		$	49,657		$	145,984		$	146,448
Average interest rate	6.2		%	6.3		%	6.2		%	6.1		%
Average daily borrowings	$	2,931,667		$	2,937,811		$	2,956,886		$	3,057,860

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Fair Value of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

Schedule of Fair Value Hierarchy of Cash and Investments

The tables below present the fair value hierarchy of cash and investments as of the following periods:

	Fair Value Hierarchy as of September 30, 2024
($ in thousands)	Level 1		Level 2		Level 3		Total
Cash	$	186,475	$	—	$	—	$	186,475
Investments:
First-lien senior secured debt investments	—		75,027		4,378,614		4,453,641
Second-lien senior secured debt investments	—		153,134		167,999		321,133
Unsecured debt investments	—		—		339,634		339,634
Preferred equity investments(1)	—		—		692,369		692,369
Common equity investments(2)	50,869		17,010		520,005		587,884
Subtotal	$	50,869	$	245,171	$	6,098,621	$	6,394,661
Investments measured at net asset value (“NAV”)(3)	—		—		—		2,187
Total Investments at fair value	$	50,869	$	245,171	$	6,098,621	$	6,396,848

________________

(1)Includes equity investment in LSI Financing.

(2)Includes equity investment in Fifth Season.

(3)Includes equity investment in Credit SLF, which is measured at fair value using the net asset value per share (or its equivalent) practical expedient and has not been categorized in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Consolidated Statements of Assets and Liabilities.

	Fair Value Hierarchy as of December 31, 2023
($ in thousands)	Level 1		Level 2		Level 3		Total
Cash	$	469,017	$	—	$	—	$	469,017
Investments:
First-lien senior secured debt investments	—		8,521		3,975,147		3,983,668
Second-lien senior secured debt investments	—		218,798		235,292		454,090
Unsecured debt investments	—		20,455		407,407		427,862
Preferred equity investments(1)	—		—		861,779		861,779
Common equity investments(2)	75,928		18,110		310,585		404,623
Total Investments at fair value	$	75,928	$	265,884	$	5,790,210	$	6,132,022

________________

(1)Includes equity investment in LSI Financing.

(2)Includes equity investment in Fifth Season.

Schedule of Changes in the Fair Value of Investments

The following tables present changes in the fair value of investments for which Level 3 inputs were used to determine the fair value as of the following periods:

	As of and for the Three Months Ended September 30, 2024
($ in thousands)	First-lien senior secured debt investments		Second-lien senior secured debt investments		Unsecured debt investments		Preferred equity investments		Common equity investments		Total
Fair value, beginning of period	$	4,156,539	$	169,510	$	322,371	$	821,664	$	376,656	$	5,846,740
Purchases of investments, net	447,656		—		—		22,209		7,902		477,767
Payment-in-kind	12,952		3,584		6,215		10,305		—		33,056
Proceeds from investments, net	(210,923)		(17,647)		—		(25,891)		(60,514)		(314,975)
Net change in unrealized gain (loss)	85,000		(1,046)		8,316		12,232		12,370		116,872
Net realized gains (losses)	(91,275)		—		—		(16,293)		23,746		(83,822)
Net amortization/accretion of premium/discount on investments	5,515		236		3,491		379		—		9,621
Transfers between investment types	(26,850)		—		(759)		(132,236)		159,845		—
Transfers into (out of) Level 3(1)	—		13,362		—		—		—		13,362
Fair value, end of period	$	4,378,614	$	167,999	$	339,634	$	692,369	$	520,005	$	6,098,621

________________

(1)Transfers between levels, if any, are recognized at the beginning of the period noted. For the three months ended September 30, 2024, transfers between Level 2 and Level 3 were as a result of changes in the observability of significant inputs for certain portfolio companies.

	As of and for the Three Months Ended September 30, 2023
($ in thousands)	First-lien senior secured debt investments		Second-lien senior secured debt investments		Unsecured debt investments		Preferred equity investments		Common equity investments		Total
Fair value, beginning of period	$	4,170,088	$	295,500	$	380,746	$	877,864	$	349,148	$	6,073,346
Purchases of investments, net	290,155		—		—		494		4,933		295,582
Payment-in-kind	11,897		3,073		9,627		2,138		—		26,735
Proceeds from investments, net	(319,485)		—		—		(2,646)		—		(322,131)
Net change in unrealized gain (loss)	(1,248)		(2,665)		(7,208)		(27,472)		(16,219)		(54,812)
Net realized gains (losses)	(32)		—		—		32		—		—
Net amortization/accretion of premium/discount on investments	6,095		87		3,588		255		—		10,025
Transfers between investment types	—		—		—		—		—		—
Transfers into (out of) Level 3(1)	(8,502)		(53,213)		—		—		(40,000)		(101,715)
Fair value, end of period	$	4,148,968	$	242,782	$	386,753	$	850,665	$	297,862	$	5,927,030

________________

(1)Transfers between levels, if any, are recognized at the beginning of the period noted. For the three months ended September 30, 2023, transfers between Level 2 and Level 3 were as a result of changes in the observability of significant inputs for certain portfolio companies.

	As of and for the Nine Months Ended September 30, 2024
($ in thousands)	First-lien senior secured debt investments		Second-lien senior secured debt investments		Unsecured debt investments		Preferred equity investments		Common equity investments		Total
Fair value, beginning of period	$	3,975,147	$	235,292	$	407,407	$	861,779	$	310,585	$	5,790,210
Purchases of investments, net	1,223,679		—		51,465		28,097		36,991		1,340,232
Payment-in-kind	40,480		8,160		23,174		29,108		—		100,922
Proceeds from investments, net	(773,877)		(86,195)		(154,087)		(27,209)		(61,762)		(1,103,130)
Net change in unrealized gain (loss)	13,099		(6,206)		14,542		(30,676)		29,789		20,548
Net realized gains (losses)	(91,296)		(806)		(13,222)		(16,293)		23,746		(97,871)
Net amortization/accretion of premium/discount on investments	18,232		954		11,114		610		—		30,910
Transfers between investment types	(26,850)		—		(759)		(153,047)		180,656		—
Transfers into (out of) Level 3(1)	—		16,800		—		—		—		16,800
Fair value, end of period	$	4,378,614	$	167,999	$	339,634	$	692,369	$	520,005	$	6,098,621

________________

(1)Transfers between levels, if any, are recognized at the beginning of the period noted. For the nine months ended September 30, 2024, transfers into (out of) Level 3 were as a result of changes in the observability of significant inputs for certain portfolio companies.

	As of and for the Nine Months Ended September 30, 2023
($ in thousands)	First-lien senior secured debt investments		Second-lien senior secured debt investments		Unsecured debt investments		Preferred equity investments		Common equity investments		Total
Fair value, beginning of period	$	4,232,118	$	448,075	$	347,322	$	834,593	$	343,941	$	6,206,049
Purchases of investments, net	412,153		—		—		10,314		12,278		434,745
Payment-in-kind	53,571		8,694		24,944		25,020		—		112,229
Proceeds from investments, net	(543,013)		(20,000)		(182)		(3,679)		—		(566,874)
Net change in unrealized gain (loss)	16,647		(1,912)		3,944		(51,820)		7,889		(25,252)
Net realized gains (losses)	(15,534)		—		(22)		32		—		(15,524)
Net amortization of discount on investments	11,400		482		10,747		459		—		23,088
Transfers between investment types	(9,500)		—		—		35,746		(26,246)		—
Transfers into (out of) Level 3(1)	(8,874)		(192,557)		—		—		(40,000)		(241,431)
Fair value, end of period	$	4,148,968	$	242,782	$	386,753	$	850,665	$	297,862	$	5,927,030

________________

(1)Transfers between levels, if any, are recognized at the beginning of the period noted. For the nine months ended September 30, 2023, transfers into (out of) Level 3 were as a result of changes in the observability of significant inputs for certain portfolio companies.

The table below presents the net change in unrealized gains (losses) on investments for which Level 3 inputs were used in determining the fair value that are still held by the Company for the following periods:

($ in thousands)	Net change in unrealized gain (loss) for the Three Months Ended September 30, 2024 on investments held at September 30, 2024		Net change in unrealized gain (loss) for the Three Months Ended September 30, 2023 on investments held at September 30, 2023
First-lien senior secured debt investments	$	250	$	(651)
Second-lien senior secured debt investments	(869)		(2,665)
Unsecured debt investments	8,316		(7,209)
Preferred equity investments	4,116		(27,471)
Common equity investments	18,562		(16,216)
Total Investments	$	30,375	$	(54,212)

($ in thousands)	Net change in unrealized gain (loss) for the Nine Months Ended September 30, 2024 on investments held at September 30, 2024		Net change in unrealized gain (loss) for the Nine Months Ended September 30, 2023 on investments held at September 30, 2023
First-lien senior secured debt investments	$	6,617	$	17,477
Second-lien senior secured debt investments	(6,259)		(2,491)
Unsecured debt investments	14,542		3,945
Preferred equity investments	(37,063)		(51,817)
Common equity investments	32,696		7,890
Total Investments	$	10,533	$	(24,996)

Schedule of Quantitative Information About Significant Unobservable Inputs of Level 3 Investments

The following tables present quantitative information about the significant unobservable inputs of the Company’s Level 3 investments as of the following periods. The weighted average range of unobservable inputs is based on fair value of investments. The tables are not intended to be all-inclusive but instead capture the significant unobservable inputs relevant to the Company’s determination of fair value.

	As of September 30, 2024
($ in thousands)	Fair Value		Valuation Technique	Unobservable Input	Range (Weighted Average)	Impact to Valuation from an Increase in Input
First-lien senior secured debt investments	$	4,124,136	Yield Analysis	Market Yield	7.7%-16.8% (9.9%)	Decrease
	248,966		Recent Transaction	Transaction Price	97.0%-100.0% (99.3%)	Increase
	5,512		Collateral Analysis	Recovery Rate	35.0%-38.5% (37.9%)	Increase
Second-lien senior secured debt investments	$	167,999	Yield Analysis	Market Yield	15.7%-37.0% (17.5%)	Decrease
Unsecured debt investments	$	183,812	Yield Analysis	Market Yield	9.1%-16.1% (12.5%)	Decrease
	155,822		Recent Transaction	Transaction Price	121.9%-121.9% (121.9%)	Increase
Preferred equity investments	$	267,074	Yield Analysis	Market Yield	10.8%-31.3% (20.2%)	Decrease
	380,972		Market Approach	Revenue Multiple	2.8x-21.0x (7.9x)	Increase
	44,323		Recent Transaction	Transaction Price	100.0%-107.5% (104.5%)	Increase
Common equity investments	$	148,204	Market Approach	Revenue Multiple	5.5x-13.5x (11.5x)	Increase
	79,989		Market Approach	EBITDA Multiple	3.8x-22.3x (15.3x)	Increase
	164		Option Pricing Model	Volatility	60.0%-70.0% (69.0%)	Increase
	207		Market Approach	Gross Profit Multiple	9.5x-9.5x (9.5x)	Increase
	79,219		Market Approach	AUM Multiple	1.1x-1.1x (1.1x)	Increase
	134,299		Recent Transaction	Transaction Price	97.0%-100.0% (99.0%)	Increase
	73,595		Yield Analysis	Market Yield	15.0%-15.0% (15.0%)	Decrease
	2,720		Market Approach	N/A	N/A	N/A
	1,608		Discounted Cash Flow Analysis	Discount Rate	20.0%-20.0% (20.0%)	Decrease

	As of December 31, 2023
($ in thousands)	Fair Value		Valuation Technique	Unobservable Input	Range (Weighted Average)	Impact to Valuation from an Increase in Input
First-lien senior secured debt investments	$	3,625,053	Yield Analysis	Market Yield	9.3%-15.9% (12.3%)	Decrease
	350,094		Recent Transaction	Transaction Price	97.0%-100.0% (98.6%)	Increase
Second-lien senior secured debt investments	$	235,292	Yield Analysis	Market Yield	11.4%-17.5% (15.3%)	Decrease
Unsecured debt investments	$	266,030	Yield Analysis	Market Yield	10.6%-17.2% (12.3%)	Decrease
	141,377		Market Approach	Transaction Price	100.0%-100.0% (100.0%)	Increase
Preferred equity investments	$	236,932	Yield Analysis	Market Yield	12.6%-25.0% (14.6%)	Decrease
	537,989		Market Approach	Revenue Multiple	4.5x-21.0x (11.1x)	Increase
	67,221		Market Approach	EBITDA Multiple	18.3x-18.3x (18.3x)	Increase
	19,637		Recent Transaction	Transaction Price	98.0%-107.5% (104.3%)	Increase
Common equity investments	$	152,731	Market Approach	Revenue Multiple	6.3x-14.7x (12.5x)	Increase
	16,133		Market Approach	EBITDA Multiple	6.0x-20.3x (16.2x)	Increase
	46,326		Market Approach	Transaction Price	$92.00-$92.00 ($92.00)	Increase
	46,443		Option Pricing Model	Volatility	60.0%-63.5% (63.5%)	Decrease
	225		Market Approach	Gross Profit Multiple	9.9x-9.9x (9.9x)	Increase
	48,727		Recent Transaction	Transaction Price	100.0%-100.0% (100.0%)	Increase

Schedule of Carrying and Fair Values of the Company’s Debt Obligations

The table below presents the carrying and fair values of the Company’s debt obligations as of the following periods:

	September 30, 2024						December 31, 2023
($ in thousands)	Net Carrying Value		Unamortized Debt Issuance Costs		Fair Value		Net Carrying Value		Unamortized Debt Issuance Costs		Fair Value
Revolving Credit Facility(1)	337,778		13,696		337,778		327,266		16,127		327,267
SPV Asset Facility I	594,963		5,037		594,963		594,453		5,547		594,453
SPV Asset Facility II	298,742		1,258		298,742		298,103		1,897		298,103
June 2025 Notes	209,072		928		208,950		208,175		1,825		205,800
December 2025 Notes	651,888		(1,888)		628,875		653,042		(3,042)		614,250
June 2026 Notes	372,401		2,599		349,688		371,316		3,684		343,125
January 2027 Notes	296,480		3,520		269,250		295,364		4,636		261,750
CLO 2020-1	199,883		4,117		199,883		199,610		4,390		199,610
Total Debt	$	2,961,207	$	29,267	$	2,888,129	$	2,947,329	$	35,064	$	2,844,358

________________

(1)Net carrying value includes unrealized translation gain (loss) on borrowings denominated in foreign currencies.

The below table presents the fair value measurements of the Company’s debt obligations as of the following periods:

	September 30, 2024		December 31, 2023
Level 1	$	—	$	—
Level 2	1,456,763		1,424,925
Level 3	1,431,366		1,419,433
Total Debt	$	2,888,129	$	2,844,358

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Commitments and Contingencies (Tables)

9 Months Ended

Sep. 30, 2024

Commitments and Contingencies Disclosure [Abstract]

Schedule of Outstanding Commitments to Fund Investments

The table below presents outstanding commitments to fund investments in current portfolio companies as of the following periods:

Portfolio Company	Investment	September 30, 2024		December 31, 2023
($ in thousands)
Activate Holdings (US) Corp. (dba Absolute Software)	First lien senior secured revolving loan	$	352	$	282
3ES Innovation Inc. (dba Aucerna)	First lien senior secured revolving loan	4,580		1,580
AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC	LLC Interest	3,403		296
AAM Series 2.1 Aviation Feeder, LLC	LLC interest	2,288		17
Acquia Inc.	First lien senior secured revolving loan	7,074		5,989
Aerosmith Bidco Limited (dba Audiotonix)	First lien senior secured multi-draw term loan	12,475		—
Aerosmith Bidco Limited (dba Audiotonix)	First lien senior secured multi-draw term loan	27,119		—
Aerosmith Bidco Limited (dba Audiotonix)	First lien senior secured multi-currency revolving loan	16,416		—
AI Titan Parent, Inc. (dba Prometheus Group)	First lien senior secured delayed draw term loan	4,528		—

Portfolio Company	Investment	September 30, 2024	December 31, 2023
AI Titan Parent, Inc. (dba Prometheus Group)	First lien senior secured revolving loan	2,830	—
AlphaSense, Inc.	First lien senior secured delayed draw term loan	5,477	—
AlphaSense, Inc.	First lien senior secured delayed draw term loan	5,549	—
Anaplan, Inc.	First lien senior secured revolving loan	3,542	3,542
Aptean Acquiror, Inc. (dba Aptean)	First lien senior secured delayed draw term loan	372	—
Aptean Acquiror, Inc. (dba Aptean)	First lien senior secured revolving loan	273	—
Artifact Bidco, Inc. (dba Avetta)	First lien senior secured delayed draw term loan	3,912	—
Artifact Bidco, Inc. (dba Avetta)	First lien senior secured revolving loan	2,794	—
Associations, Inc.	First lien senior secured delayed draw term loan	3,847	—
Associations, Inc.	First lien senior secured revolving loan	3,083	—
Azurite Intermediate Holdings, Inc. (dba Alteryx, Inc.)	First lien senior secured delayed draw term loan	10,688	—
Azurite Intermediate Holdings, Inc. (dba Alteryx, Inc.)	First lien senior secured revolving loan	4,750	—
Aurelia Netherlands Midco 2 B.V.	First lien senior secured EUR term loan	—	14,005
Aurelia Netherlands Midco 2 B.V.	First lien senior secured NOK term loan	—	14,656
Aurelia Netherlands Midco 2 B.V.	First lien senior secured EUR revolving loan	—	1,556
Avalara, Inc.	First lien senior secured revolving loan	909	909
Bamboo US BidCo LLC	First lien senior secured delayed draw term loan	398	716
Bamboo US BidCo LLC	First lien senior secured revolving loan	1,026	1,026
Bayshore Intermediate #2, L.P. (dba Boomi)	First lien senior secured revolving loan	11,694	9,355
BCPE Osprey Buyer, Inc. (dba PartsSource)	First lien senior secured delayed draw term loan	21,744	26,309
BCPE Osprey Buyer, Inc. (dba PartsSource)	First lien senior secured revolving loan	5,708	8,426
BCTO BSI Buyer, Inc. (dba Buildertrend)	First lien senior secured revolving loan	11,250	11,250
BTRS HOLDINGS INC. (dba Billtrust)	First lien senior secured delayed draw term loan	9	36
BTRS HOLDINGS INC. (dba Billtrust)	First lien senior secured revolving loan	56	67
Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.)	First lien senior secured revolving loan	4,450	4,450
Certinia, Inc.	First lien senior secured revolving loan	2,941	2,941
IRI Group Holdings, Inc. (f/k/a Circana Group, L.P. (f/k/a The NPD Group, L.P.))	First lien senior secured revolving loan	664	1,238
CivicPlus, LLC	First lien senior secured revolving loan	4,664	3,078
Community Brands ParentCo, LLC	First lien senior secured delayed draw term loan	—	1,500
Community Brands ParentCo, LLC	First lien senior secured revolving loan	—	750
Computer Services, Inc. (dba CSI)	First lien senior secured delayed draw term loan	9,196	—
Coupa Holdings, LLC	First lien senior secured delayed draw term loan	70	70
Coupa Holdings, LLC	First lien senior secured revolving loan	54	54
Crewline Buyer, Inc. (dba New Relic)	First lien senior secured revolving loan	9,434	9,434
CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant)	First lien senior secured delayed draw term loan	1,992	—
CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant)	First lien senior secured revolving loan	4,981	—
Delinea Buyer, Inc. (f/k/a Centrify)	First lien senior secured revolving loan	8,163	8,163
Diligent Corporation	First lien senior secured revolving loan	—	701
Disco Parent, Inc. (dba Duck Creek Technologies, Inc.)	First lien senior secured revolving loan	91	91
Entrata, Inc.	First lien senior secured revolving loan	103	103
EET Buyer, Inc. (dba e-Emphasys)	First lien senior secured delayed draw term loan	4,773	—

Portfolio Company	Investment	September 30, 2024	December 31, 2023
EET Buyer, Inc. (dba e-Emphasys)	First lien senior secured revolving loan	5,348	4,278
Finastra USA, Inc.	First lien senior secured revolving loan	4,014	5,498
Forescout Technologies, Inc.	First lien senior secured revolving loan	9,517	—
Forescout Technologies, Inc.	First lien senior secured delayed draw term loan	—	32,175
Forescout Technologies, Inc.	First lien senior secured revolving loan	—	8,333
Fullsteam Operations, LLC	First lien senior secured delayed draw term loan	7,686	3,805
Fullsteam Operations, LLC	First lien senior secured revolving loan	593	593
Gainsight, Inc.	First lien senior secured revolving loan	2,700	2,700
Gerson Lehrman Group, Inc.	First lien senior secured revolving loan	956	3,647
GI Ranger Intermediate, LLC (dba Rectangle Health)	First lien senior secured revolving loan	2,211	885
Granicus, Inc.	First lien senior secured revolving loan	274	—
Granicus, Inc.	First lien senior secured revolving loan	—	2,069
Magnet Forensics, LLC (f/k/a Grayshift, LLC)	First lien senior secured revolving loan	968	968
GS Acquisitionco, Inc. (dba insightsoftware)	First lien senior secured delayed draw term loan	1,921	—
GS Acquisitionco, Inc. (dba insightsoftware)	First lien senior secured revolving loan	4,177	3,344
H&F Opportunities LUX III S.À R.L (dba Checkmarx)	First lien senior secured revolving loan	25,000	25,000
Hyland Software, Inc.	First lien senior secured revolving loan	4,070	4,070
Icefall Parent, Inc. (dba EngageSmart)	First lien senior secured revolving loan	1,217	—
Indikami Bidco, LLC (dba IntegriChain)	First lien senior secured delayed draw term loan	8,382	8,382
Indikami Bidco, LLC (dba IntegriChain)	First lien senior secured revolving loan	3,832	5,987
Inovalon Holdings, Inc.	First lien senior secured delayed draw term loan	—	13,834
Integrity Marketing Acquisition, LLC	First lien senior secured delayed draw term loan	—	13,714
Integrity Marketing Acquisition, LLC	First lien senior secured revolving loan	—	3,409
Integrity Marketing Acquisition, LLC	First lien senior secured delayed draw term loan	7,895	—
Integrity Marketing Acquisition, LLC	First lien senior secured revolving loan	2,422	—
Interoperability Bidco, Inc. (dba Lyniate)	First lien senior secured delayed draw term loan	5,714	—
Interoperability Bidco, Inc. (dba Lyniate)	First lien senior secured revolving loan	4,658	3,927
JS Parent, Inc. (dba Jama Software)	First lien senior secured revolving loan	1,324	—
Kaseya Inc.	First lien senior secured delayed draw term loan	703	887
Kaseya Inc.	First lien senior secured revolving loan	709	709
KWOL Acquisition Inc. (dba Worldwide Clinical Trials)	First lien senior secured revolving loan	2,570	2,056
Litera Bidco LLC	First lien senior secured delayed draw term loan	17,117	—
Litera Bidco LLC	First lien senior secured delayed draw term loan	13,448	—
Litera Bidco LLC	First lien senior secured revolving loan	7,654	8,250
LogRhythm, Inc.	First lien senior secured revolving loan	475	—
LSI Financing 1 DAC	Series 5 Notes	32,622	—
LSI Financing 1 DAC	Series 6 Notes	275	—
ManTech International Corporation	First lien senior secured delayed draw term loan	1,030	1,030
ManTech International Corporation	First lien senior secured revolving loan	860	860
MINDBODY, Inc.	First lien senior secured revolving loan	7,143	7,143
Ministry Brands Holdings, LLC	First lien senior secured revolving loan	737	344
Minotaur Acquisition, Inc. (dba Inspira Financial)	First lien senior secured delayed draw term loan	8,834	—

Portfolio Company	Investment	September 30, 2024	December 31, 2023
Minotaur Acquisition, Inc. (dba Inspira Financial)	First lien senior secured revolving loan	5,435	—
Monotype Imaging Holdings Inc.	First lien senior secured delayed draw term loan	4,913	—
Monotype Imaging Holdings Inc.	First lien senior secured revolving loan	7,369	—
Neptune Holdings, Inc. (dba NexTech)	First lien senior secured revolving loan	588	588
NMI Acquisitionco, Inc. (dba Network Merchants)	First lien senior secured revolving loan	1,115	1,115
Oranje Holdco, Inc. (dba KnowBe4)	First lien senior secured revolving loan	1,602	1,602
PDI TA Holdings, Inc.	First lien senior secured delayed draw term loan	2,088	—
PDI TA Holdings, Inc.	First lien senior secured revolving loan	918	—
PetVet Care Centers, LLC	First lien senior secured delayed draw term loan	5,120	5,120
PetVet Care Centers, LLC	First lien senior secured revolving loan	5,373	5,373
Ping Identity Holding Corp.	First lien senior secured revolving loan	416	91
Pluralsight, LLC	First lien senior secured loan	—	2,230
Pluralsight, LLC	First lien senior secured delayed draw term loan	12,649	—
Pluralsight, LLC	First lien senior secured revolving loan	5,060	—
Project Power Buyer, LLC (dba PEC-Veriforce)	First lien senior secured revolving loan	3,750	3,750
Pye-Barker Fire & Safety, LLC	First lien senior secured delayed draw term loan	12,136	—
Pye-Barker Fire & Safety, LLC	First lien senior secured revolving loan	2,386	—
QAD, Inc.	First lien senior secured revolving loan	11,429	11,429
Relativity ODA LLC	First lien senior secured revolving loan	—	11,250
Relativity ODA LLC	First lien senior secured revolving loan	7,871	—
RL Datix Holdings (USA), Inc.	First lien senior secured delayed draw term loan	10,985	—
RL Datix Holdings (USA), Inc.	First lien senior secured revolving loan	9,618	—
RL Datix Holdings (USA), Inc.	First lien senior secured revolving loan	—	778
Rubrik, Inc.	First lien senior secured delayed draw term loan	260	1,306
SailPoint Technologies Holdings, Inc.	First lien senior secured revolving loan	4,358	4,358
Salinger Bidco Inc. (dba Surgical Information Systems)	First lien senior secured delayed draw term loan	1,406	—
Salinger Bidco Inc. (dba Surgical Information Systems)	First lien senior secured revolving loan	1,406	—
Securonix, Inc.	First lien senior secured revolving loan	3,479	3,559
Simpler Postage, Inc. (dba Easypost)	First lien senior secured delayed draw term loan	9,955	—
Simpler Postage, Inc. (dba Easypost)	First lien senior secured delayed draw term loan	7,742	—
SimpliSafe Holding Corporation	First lien senior secured delayed draw term loan	—	75
Smarsh Inc.	First lien senior secured delayed draw term loan	5,524	5,524
Smarsh Inc.	First lien senior secured revolving loan	442	442
Talon MidCo 2 Limited	First lien senior secured delayed draw term loan	—	13
Talon MidCo 2 Limited	First lien senior secured revolving loan	119	119
Tamarack Intermediate, L.L.C. (dba Verisk 3E)	First lien senior secured delayed draw term loan	—	744
Tamarack Intermediate, L.L.C. (dba Verisk 3E)	First lien senior secured revolving loan	1,682	1,682
Thunder Purchaser, Inc. (dba Vector Solutions)	First lien senior secured revolving loan	2,138	4,613
Velocity HoldCo III Inc. (dba VelocityEHS)	First lien senior secured revolving loan	2,500	2,188
Walker Edison Furniture Company LLC	First lien senior secured delayed draw term loan	225	2,809

Portfolio Company	Investment	September 30, 2024		December 31, 2023
When I Work, Inc.	First lien senior secured revolving loan	5,605		5,605
XRL 1 LLC (dba XOMA)	First lien senior secured delayed draw term loan	1,000		1,000
Zendesk, Inc.	First lien senior secured delayed draw term loan	12,922		12,922
Zendesk, Inc.	First lien senior secured revolving loan	5,321		5,321
Total Unfunded Portfolio Company Commitments		$	605,683	$	396,093

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Net Assets (Tables)

9 Months Ended

Sep. 30, 2024

Equity [Abstract]

Schedule of Distributions Declared

The following table reflects the distributions declared on shares of the Company’s common stock during the following periods:

	For the Nine Months Ended September 30, 2024
Date Declared	Record Date	Payment Date	Distribution per Share
August 6, 2024	September 30, 2024	November 15, 2024	$	0.36
May 7, 2024	June 28, 2024	August 15, 2024	$	0.40
February 21, 2024(1)	March 29, 2024	May 15, 2024	$	0.37

________________

(1)Expected to be paid or was partially paid from sources other than ordinary income, including long-term capital gains.

	For the Nine Months Ended September 30, 2023
Date Declared	Record Date	Payment Date	Distribution per Share
August 8, 2023	September 29, 2023	November 15, 2023	$	0.37
May 9, 2023	June 30, 2023	August 15, 2023	$	0.37
February 21, 2023(1)	March 31, 2023	May 15, 2023	$	0.34

________________

(1)Expected to be paid or was partially paid from sources other than ordinary income, including long-term capital gains.

Schedule of Common Stock Issued Pursuant to the Dividend Reinvestment Plan

The following tables reflect the common stock issued pursuant to the dividend reinvestment plan during the following periods:

	For the Nine Months Ended September 30, 2024
Date Declared	Record Date	Payment Date	Shares
May 7, 2024	June 28, 2024	August 15, 2024	1,323,864
February 21, 2024	March 29, 2024	May 15, 2024	1,190,189
November 7, 2023	December 29, 2023	January 31, 2024	1,212,560

	For the Nine Months Ended September 30, 2023
Date Declared	Record Date	Payment Date	Shares
May 9, 2023	June 30, 2023	August 15, 2023	1,169,242
February 21, 2023	March 31, 2023	May 15, 2023	1,082,573
November 1, 2022	December 31, 2022	January 31, 2023	912,215

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Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Earnings (Loss) Per Common Share

The table below presents the computation of basic and diluted earnings (loss) per common share for the following periods:

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
($ in thousands, except per share amounts)	2024		2023		2024		2023
Increase (decrease) in net assets resulting from operations	$	119,538	$	56,804	$	218,527	$	267,545
Weighted average shares of common stock outstanding—basic and diluted	210,331,300		205,474,428		209,162,895		204,446,780
Earnings (loss) per common share-basic and diluted	$	0.57	$	0.28	$	1.04	$	1.31

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Financial Highlights (Tables)

9 Months Ended

Sep. 30, 2024

Investment Company [Abstract]

Schedule of Financial Highlights for a Common Share Outstanding

The table below presents the financial highlights for a common share outstanding.

	For the Nine Months Ended September 30,
($ in thousands, except share and per share amounts)	2024			2023
Per share data:
Net asset value, beginning of period	$	17.03		$	16.70
Net investment income (loss)(1)	1.37			1.30
Net realized and unrealized gain (loss)(1)	(0.33)			(0.01)
Total from operations(1)	1.04			1.29
Distributions declared from net investment income(2)	(1.12)			(1.08)
Total increase (decrease) in net assets	(0.08)			0.21
Net asset value, end of period	$	16.95		$	16.91
Shares outstanding, end of period	210,978,842			206,046,339
Total Return(3)	6.3		%	8.0		%
Ratios / Supplemental Data
Ratio of total expenses to average net assets(4)	8.7		%	9.3		%
Ratio of net investment income to average net assets(4)	11.0		%	10.3		%
Net assets, end of period	$	3,575,511		$	3,484,890
Weighted-average shares outstanding	209,162,895			204,446,780
Total capital commitments, end of period	$	3,134,815		$	3,134,815
Ratio of total contributed capital to total committed capital, end of period	100.0		%	100.0		%
Portfolio turnover rate	25.2		%	8.2		%
Year of formation	2018			2018

________________

(1)The per share data was derived using the weighted average shares outstanding during the period.

(2)The per share data was derived using actual shares outstanding at the date of the relevant transactions.

(3)Total return is calculated as the change in NAV per share during the period, plus distributions per share (assuming dividends and distributions, if any, are reinvested in accordance with the Company’s dividend reinvestment plan), if any, divided by the beginning NAV per share.

(4)The ratio reflects an annualized amount, except in the case of non-recurring expenses (e.g. initial organization expenses).

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Organization (Details)		9 Months Ended
	Aug. 10, 2018 extension	Sep. 30, 2024 division
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Percentage threshold of total assets invested in technology related companies		80.00%
Number of divisions | division		3
Anniversary of final closing	5 years
Anniversary of initial closing	7 years
Number of extensions | extension	2
Extension period	1 year

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Significant Accounting Policies (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
PIK Interest Income	$ 25,469	$ 23,412	$ 84,538	$ 85,336
PIK Dividend Income	10,378	8,860	29,630	26,228
Total PIK Income	$ 35,847	$ 32,272	$ 114,168	$ 111,564
PIK Interest Income as a % of Investment Income
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
PIK Income as a % of Investment Income	14.90%	13.60%	16.30%	16.90%
PIK Dividend Income as a % of Investment Income
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
PIK Income as a % of Investment Income	6.10%	5.10%	5.70%	5.20%
Total PIK Income as a % of Investment Income
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
PIK Income as a % of Investment Income	21.00%	18.70%	22.10%	22.10%

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Agreements and Related Party Transactions (Details) $ in Thousands		3 Months Ended		9 Months Ended
	May 06, 2024 component	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Related Party Transaction [Line Items]
Management fees		$ 14,071	$ 14,646	$ 42,018	$ 44,101
Affiliated Entity
Related Party Transaction [Line Items]
Payables to affiliates		1,246		1,246		$ 1,119
Administration Agreement | Affiliated Entity
Related Party Transaction [Line Items]
Contract term	2 years
Written notice for contract termination, term	60 days
Incurred expenses		800	800	2,300	2,000
Payables to affiliates		1,200	1,900	1,200	1,900
Investment Advisory Agreement | Affiliated Entity
Related Party Transaction [Line Items]
Contract term	2 years
Written notice for contract termination, term	60 days
Number of incentive fee components | component	2
Incentive fees		$ 10,300	10,200	31,100	29,500
Before Exchange Listing | Affiliated Entity
Related Party Transaction [Line Items]
Management fee percentage	0.90%
Management fee, asset coverage ratio maximum	200.00%
Pre-Incentive Fee Net Investment Income Below Catch-Up Threshold | Affiliated Entity
Related Party Transaction [Line Items]
Incentive fee percentage	100.00%
Quarterly Hurdle Rate | Affiliated Entity
Related Party Transaction [Line Items]
Incentive fee percentage	1.50%
Pre-Incentive Fee Net Investment Income, Quarterly Threshold | Affiliated Entity
Related Party Transaction [Line Items]
Incentive fee percentage	10.00%
Quarterly Catch-Up Threshold | Affiliated Entity
Related Party Transaction [Line Items]
Incentive fee percentage	1.67%
Annualized Catch-Up Threshold | Affiliated Entity
Related Party Transaction [Line Items]
Incentive fee percentage	6.67%
Realized Capital Gains | Affiliated Entity
Related Party Transaction [Line Items]
Incentive fee percentage	10.00%
After Exchange Listing | Affiliated Entity
Related Party Transaction [Line Items]
Management fee percentage	1.50%
Management fee, asset coverage ratio maximum	200.00%
Management fee, average gross assets	1.00%
Pre-Incentive Fee Net Investment Income Below Catch-Up Threshold | Affiliated Entity
Related Party Transaction [Line Items]
Incentive fee percentage	100.00%
Quarterly Hurdle Rate | Affiliated Entity
Related Party Transaction [Line Items]
Incentive fee percentage	1.50%
Pre-Incentive Fee Net Investment Income, Quarterly Threshold | Affiliated Entity
Related Party Transaction [Line Items]
Incentive fee percentage	17.50%
Quarterly Catch-Up Threshold | Affiliated Entity
Related Party Transaction [Line Items]
Incentive fee percentage	1.82%
Annualized Catch-Up Threshold | Affiliated Entity
Related Party Transaction [Line Items]
Incentive fee percentage	7.27%
Realized Capital Gains | Affiliated Entity
Related Party Transaction [Line Items]
Incentive fee percentage	17.50%
Catch-Up Provision | Affiliated Entity
Related Party Transaction [Line Items]
Incentive fee percentage	100.00%
Quarterly Hurdle Rate | Affiliated Entity
Related Party Transaction [Line Items]
Incentive fee percentage	1.50%
Performance Based | Affiliated Entity
Related Party Transaction [Line Items]
Incentive fees			$ 4,000	6,800
Performance Based, Unrealized Gains | Affiliated Entity
Related Party Transaction [Line Items]
Incentive fees					200
Unrealized gain (loss) on incentive fee expense					$ 200
Equity Commitment | Affiliated Entity | Fifth Season
Related Party Transaction [Line Items]
Amounts of transaction				79,200
Equity Commitment | Affiliated Entity | LSI Financing
Related Party Transaction [Line Items]
Amounts of transaction				$ 16,400

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Investments - Schedule of Composition of Investments at Fair Value and Amortized Cost (Details) - USD ($) $ in Thousands	Sep. 30, 2024		Dec. 31, 2023
Schedule of Investments [Line Items]
Amortized Cost	$ 6,420,607	[1],[2],[3],[4],[5]	$ 6,213,226	[6],[7],[8],[9],[10],[11]
Fair Value	6,396,848	[2],[4],[5]	6,132,022	[7],[9],[10],[11]
First-lien senior secured debt investments
Schedule of Investments [Line Items]
Amortized Cost	4,442,986		3,987,458
Fair Value	4,453,641		3,983,668
Second-lien senior secured debt investments
Schedule of Investments [Line Items]
Amortized Cost	340,991		460,037
Fair Value	321,133		454,090
Unsecured debt investments
Schedule of Investments [Line Items]
Amortized Cost	334,929		436,423
Fair Value	339,634		427,862
Preferred equity investments
Schedule of Investments [Line Items]
Amortized Cost	765,814		905,784
Fair Value	692,369		861,779
Common equity investments
Schedule of Investments [Line Items]
Amortized Cost	533,698		423,524
Fair Value	587,884		404,623
Joint Ventures
Schedule of Investments [Line Items]
Amortized Cost	2,189		0
Fair Value	$ 2,187		$ 0

[1] As of September 30, 2024, the net estimated unrealized loss on investments for U.S. federal income tax purposes was $29.3 million based on a tax cost basis of $6.43 billion. As of September 30, 2024, the estimated aggregate gross unrealized loss for U.S. federal income tax purposes was $190.0 million and the estimated aggregate gross unrealized gain for U.S. federal income tax purposes was $160.7 million.

[2] Certain portfolio company investments are subject to contractual restrictions on sales. Refer to footnote 19 for additional information on our restricted securities.

[3] The amortized cost represents the original cost adjusted for the amortization or accretion of premium or discount, as applicable, on debt investments using the effective interest method.

[4] Unless otherwise indicated, all investments are non-controlled, non-affiliated investments. Non-controlled, non-affiliated investments are defined as investments in which the Company owns less than 5% of the portfolio company’s outstanding voting securities and does not have the power to exercise control over the management or policies of such portfolio company.

[5] Unless otherwise indicated, the Company’s portfolio companies are pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility, SPV Asset Facility I, SPV Asset Facility II and CLO 2020-1. See Note 5 “Debt”.

[6] As of December 31, 2023, the net estimated unrealized loss on investments for U.S. federal income tax purposes was $25.4 million based on a tax cost basis of $6.2 billion. As of December 31, 2023, the estimated aggregate gross unrealized loss for U.S. federal income tax purposes was $160.4 million and the estimated aggregate gross unrealized gain for U.S. federal income tax purposes was $135.0 million.

[7] Certain portfolio company investments are subject to contractual restrictions on sales. Refer to footnote 19 for additional information on our restricted securities.

[8] The amortized cost represents the original cost adjusted for the amortization or accretion of premium or discount, as applicable, on debt investments using the effective interest method.

[9] Unless otherwise indicated, all investments are considered Level 3 investments.

[10] Unless otherwise indicated, all investments are non-controlled, non-affiliated investments. Non-controlled, non-affiliated investments are defined as investments in which the Company owns less than 5% of the portfolio company’s outstanding voting securities and does not have the power to exercise control over the management or policies of such portfolio company.

[11] Unless otherwise indicated, the Company’s portfolio companies are pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility, SPV Asset Facility I, SPV Asset Facility II and CLO 2020-1. See Note 5 “Debt”.

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Investments - Schedule of Industry and Geographic Composition of Investments Based on Fair Value (Details) - Investment Owned, at Fair Value	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Industry Concentration Risk
Schedule of Investments [Line Items]
Concentration risk (as percent)	100.00%	100.00%
Industry Concentration Risk | Aerospace & Defense
Schedule of Investments [Line Items]
Concentration risk (as percent)	2.20%	2.20%
Industry Concentration Risk | Application Software
Schedule of Investments [Line Items]
Concentration risk (as percent)	14.00%	14.00%
Industry Concentration Risk | Banks
Schedule of Investments [Line Items]
Concentration risk (as percent)	1.20%	1.20%
Industry Concentration Risk | Building Products
Schedule of Investments [Line Items]
Concentration risk (as percent)	0.90%	0.90%
Industry Concentration Risk | Buildings & Real Estate
Schedule of Investments [Line Items]
Concentration risk (as percent)	1.10%	0.00%
Industry Concentration Risk | Capital Markets
Schedule of Investments [Line Items]
Concentration risk (as percent)	0.00%	0.50%
Industry Concentration Risk | Commercial Services & Supplies
Schedule of Investments [Line Items]
Concentration risk (as percent)	0.30%	0.00%
Industry Concentration Risk | Construction & Engineering
Schedule of Investments [Line Items]
Concentration risk (as percent)	0.00%	0.00%
Industry Concentration Risk | Consumer Finance
Schedule of Investments [Line Items]
Concentration risk (as percent)	0.50%	0.30%
Industry Concentration Risk | Diversified Consumer Services
Schedule of Investments [Line Items]
Concentration risk (as percent)	3.90%	5.10%
Industry Concentration Risk | Diversified Financial Services
Schedule of Investments [Line Items]
Concentration risk (as percent)	6.80%	6.20%
Industry Concentration Risk | Electrical Equipment
Schedule of Investments [Line Items]
Concentration risk (as percent)	0.00%	0.80%
Industry Concentration Risk | Energy Equipment & Services
Schedule of Investments [Line Items]
Concentration risk (as percent)	1.90%	2.00%
Industry Concentration Risk | Entertainment
Schedule of Investments [Line Items]
Concentration risk (as percent)	1.90%	0.00%
Industry Concentration Risk | Equity Real Estate Investment Trusts (REITs)
Schedule of Investments [Line Items]
Concentration risk (as percent)	0.10%	0.00%
Industry Concentration Risk | Food & Staples Retailing
Schedule of Investments [Line Items]
Concentration risk (as percent)	0.40%	0.40%
Industry Concentration Risk | Health Care Providers & Services
Schedule of Investments [Line Items]
Concentration risk (as percent)	1.00%	1.10%
Industry Concentration Risk | Health Care Technology
Schedule of Investments [Line Items]
Concentration risk (as percent)	16.00%	14.40%
Industry Concentration Risk | Hotels, Restaurants & Leisure
Schedule of Investments [Line Items]
Concentration risk (as percent)	1.90%	2.60%
Industry Concentration Risk | Household Durables
Schedule of Investments [Line Items]
Concentration risk (as percent)	1.30%	1.30%
Industry Concentration Risk | Industrial Conglomerates
Schedule of Investments [Line Items]
Concentration risk (as percent)	1.40%	1.40%
Industry Concentration Risk | Insurance
Schedule of Investments [Line Items]
Concentration risk (as percent)	2.20%	1.60%
Industry Concentration Risk | Internet & Direct Marketing Retail
Schedule of Investments [Line Items]
Concentration risk (as percent)	4.30%	3.80%
Industry Concentration Risk | IT Services
Schedule of Investments [Line Items]
Concentration risk (as percent)	3.70%	5.10%
Industry Concentration Risk | Joint Ventures
Schedule of Investments [Line Items]
Concentration risk (as percent)	0.00%	0.00%
Industry Concentration Risk | Life Sciences Tools & Services
Schedule of Investments [Line Items]
Concentration risk (as percent)	0.10%	0.10%
Industry Concentration Risk | Media
Schedule of Investments [Line Items]
Concentration risk (as percent)	0.90%	0.00%
Industry Concentration Risk | Multiline Retail
Schedule of Investments [Line Items]
Concentration risk (as percent)	0.10%	0.00%
Industry Concentration Risk | Pharmaceuticals
Schedule of Investments [Line Items]
Concentration risk (as percent)	1.10%	0.40%
Industry Concentration Risk | Professional Services
Schedule of Investments [Line Items]
Concentration risk (as percent)	5.90%	7.70%
Industry Concentration Risk | Real Estate Management & Development
Schedule of Investments [Line Items]
Concentration risk (as percent)	0.80%	0.90%
Industry Concentration Risk | Road & Rail
Schedule of Investments [Line Items]
Concentration risk (as percent)	0.20%	0.20%
Industry Concentration Risk | Systems Software
Schedule of Investments [Line Items]
Concentration risk (as percent)	23.90%	24.70%
Industry Concentration Risk | Thrifts & Mortgage Finance
Schedule of Investments [Line Items]
Concentration risk (as percent)	0.00%	1.10%
Geographic Concentration Risk
Schedule of Investments [Line Items]
Concentration risk (as percent)	100.00%	100.00%
Geographic Concentration Risk | Midwest
Schedule of Investments [Line Items]
Concentration risk (as percent)	20.60%	19.70%
Geographic Concentration Risk | Northeast
Schedule of Investments [Line Items]
Concentration risk (as percent)	14.90%	16.00%
Geographic Concentration Risk | South
Schedule of Investments [Line Items]
Concentration risk (as percent)	20.80%	17.10%
Geographic Concentration Risk | West
Schedule of Investments [Line Items]
Concentration risk (as percent)	27.80%	31.50%
Geographic Concentration Risk | Brazil
Schedule of Investments [Line Items]
Concentration risk (as percent)	0.60%	0.60%
Geographic Concentration Risk | Canada
Schedule of Investments [Line Items]
Concentration risk (as percent)	4.10%	4.30%
Geographic Concentration Risk | Estonia
Schedule of Investments [Line Items]
Concentration risk (as percent)	0.20%	0.20%
Geographic Concentration Risk | Guernsey
Schedule of Investments [Line Items]
Concentration risk (as percent)	1.40%	3.70%
Geographic Concentration Risk | Ireland
Schedule of Investments [Line Items]
Concentration risk (as percent)	0.30%	0.20%
Geographic Concentration Risk | Israel
Schedule of Investments [Line Items]
Concentration risk (as percent)	2.30%	2.50%
Geographic Concentration Risk | Netherlands
Schedule of Investments [Line Items]
Concentration risk (as percent)	0.50%	1.00%
Geographic Concentration Risk | Norway
Schedule of Investments [Line Items]
Concentration risk (as percent)	0.40%	0.00%
Geographic Concentration Risk | Spain
Schedule of Investments [Line Items]
Concentration risk (as percent)	0.30%	0.00%
Geographic Concentration Risk | Sweden
Schedule of Investments [Line Items]
Concentration risk (as percent)	0.50%	0.00%
Geographic Concentration Risk | United Kingdom
Schedule of Investments [Line Items]
Concentration risk (as percent)	5.30%	3.20%

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Investments - Schedule of Capital Commitment and Economic Ownership (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Schedule of Investments [Line Items]
Capital Commitment	$ 3,134,815	$ 3,134,815
Economic ownership interest	100.00%	100.00%
Blue Owl Credit SLF
Schedule of Investments [Line Items]
Capital Commitment	$ 57,143
Economic ownership interest	100.00%
Blue Owl Credit SLF | Blue Owl Capital Corporation
Schedule of Investments [Line Items]
Capital Commitment	$ 24,500
Economic ownership interest	42.80%
Blue Owl Credit SLF | Blue Owl Capital Corporation II
Schedule of Investments [Line Items]
Capital Commitment	$ 500
Economic ownership interest	0.90%
Blue Owl Credit SLF | Blue Owl Capital Corporation III
Schedule of Investments [Line Items]
Capital Commitment	$ 6,250
Economic ownership interest	10.90%
Blue Owl Credit SLF | Blue Owl Credit Income Corp.
Schedule of Investments [Line Items]
Capital Commitment	$ 11,250
Economic ownership interest	19.70%
Blue Owl Credit SLF | Blue Owl Technology Finance Corp.
Schedule of Investments [Line Items]
Capital Commitment	$ 2,500
Economic ownership interest	4.40%
Blue Owl Credit SLF | Blue Owl Technology Finance Corp. II
Schedule of Investments [Line Items]
Capital Commitment	$ 2,500
Economic ownership interest	4.40%
Blue Owl Credit SLF | Blue Owl Technology Income Corp.
Schedule of Investments [Line Items]
Capital Commitment	$ 2,500
Economic ownership interest	4.40%
Blue Owl Credit SLF | State Teachers Retirement System of Ohio
Schedule of Investments [Line Items]
Capital Commitment	$ 7,143
Economic ownership interest	12.50%

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Investments - Schedule of Consolidated Financial Data (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2024		Sep. 30, 2023	Sep. 30, 2024		Sep. 30, 2023	Jun. 30, 2024	Dec. 31, 2023		Jun. 30, 2023	Dec. 31, 2022
Consolidated Balance Sheet Data
Cash	$ 186,475			$ 186,475				$ 469,017
Fair Value	6,396,848	[1],[2],[3]		6,396,848	[1],[2],[3]			6,132,022	[4],[5],[6],[7]
Total Assets	6,685,024			6,685,024				6,652,183
Total Debt (net of unamortized debt issuance costs)	2,961,207			2,961,207				2,947,329
Total Liabilities	3,109,513			3,109,513				3,122,189
Total Credit SLF Members' Equity	3,575,511		$ 3,484,890	3,575,511		$ 3,484,890	$ 3,510,357	$ 3,529,994		$ 3,485,226	$ 3,387,365
Consolidated Statement of Operations Data
Investment income	170,908		173,025	517,339		505,709
Net operating expenses	75,804		73,365	222,065		230,825
Net investment income (loss)	95,104		99,660	295,274		274,884
Total change in net unrealized gain (loss)	109,688		(63,746)	38,547		(6,351)
Net increase (decrease) in Credit SLF Members' Equity resulting from operations	119,538		$ 56,804	218,527		$ 267,545
Blue Owl Credit SLF
Consolidated Balance Sheet Data
Cash	16,174			16,174
Fair Value	150,220			150,220
Total Assets	166,462			166,462
Total Debt (net of unamortized debt issuance costs)	31,326			31,326
Total Liabilities	116,474			116,474
Total Credit SLF Members' Equity	49,988			49,988
Consolidated Statement of Operations Data
Investment income	556			556
Net operating expenses	602			672
Net investment income (loss)	(46)			(116)
Total change in net unrealized gain (loss)	104			104
Net increase (decrease) in Credit SLF Members' Equity resulting from operations	$ 58			$ (12)

[1] Certain portfolio company investments are subject to contractual restrictions on sales. Refer to footnote 19 for additional information on our restricted securities.

[2] Unless otherwise indicated, all investments are non-controlled, non-affiliated investments. Non-controlled, non-affiliated investments are defined as investments in which the Company owns less than 5% of the portfolio company’s outstanding voting securities and does not have the power to exercise control over the management or policies of such portfolio company.

[3] Unless otherwise indicated, the Company’s portfolio companies are pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility, SPV Asset Facility I, SPV Asset Facility II and CLO 2020-1. See Note 5 “Debt”.

[4] Certain portfolio company investments are subject to contractual restrictions on sales. Refer to footnote 19 for additional information on our restricted securities.

[5] Unless otherwise indicated, all investments are considered Level 3 investments.

[6] Unless otherwise indicated, all investments are non-controlled, non-affiliated investments. Non-controlled, non-affiliated investments are defined as investments in which the Company owns less than 5% of the portfolio company’s outstanding voting securities and does not have the power to exercise control over the management or policies of such portfolio company.

[7] Unless otherwise indicated, the Company’s portfolio companies are pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility, SPV Asset Facility I, SPV Asset Facility II and CLO 2020-1. See Note 5 “Debt”.

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Debt - Narrative (Details)	Sep. 30, 2024	Dec. 31, 2023
Debt Disclosure [Abstract]
Asset coverage ratio	218.00%	217.00%

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Debt - Schedule of Debt Obligations (Details) - USD ($)	Sep. 30, 2024	Feb. 29, 2024	Feb. 28, 2024	Dec. 31, 2023	Aug. 23, 2023	Mar. 30, 2023	Dec. 22, 2022	Nov. 15, 2022	Nov. 23, 2021	Nov. 16, 2021	Jun. 14, 2021	Dec. 17, 2020	Dec. 16, 2020	Sep. 23, 2020	Jun. 12, 2020
Debt Instrument [Line Items]
Total Debt	$ 3,754,000,000			$ 3,729,000,000
Outstanding Principal	2,990,472,000			2,982,393,000
Amount Available	763,528,000			746,607,000
Unamortized Debt Issuance Costs	29,267,000			35,064,000
Net Carrying Value	2,961,207,000			2,947,329,000
SPV Asset Facility I | Line of Credit
Debt Instrument [Line Items]
Aggregate principal committed, maximum borrowing capacity	600,000,000			600,000,000		$ 600,000,000	$ 450,000,000
Outstanding Principal	600,000,000			600,000,000
Amount Available	0			0
Unamortized Debt Issuance Costs	5,037,000			5,547,000
Net Carrying Value	594,963,000			594,453,000
SPV Asset Facility II | Line of Credit
Debt Instrument [Line Items]
Aggregate principal committed, maximum borrowing capacity	300,000,000			300,000,000						$ 300,000,000
Outstanding Principal	300,000,000			300,000,000
Amount Available	0			0
Unamortized Debt Issuance Costs	1,258,000			1,897,000
Net Carrying Value	298,742,000			298,103,000
June 2025 Notes | Unsecured debt investments
Debt Instrument [Line Items]
Aggregate principal committed, face amount	210,000,000			210,000,000											$ 210,000,000
Outstanding Principal	210,000,000			210,000,000
Amount Available	0			0
Unamortized Debt Issuance Costs	928,000			1,825,000
Net Carrying Value	209,072,000			208,175,000
December 2025 Notes | Unsecured debt investments
Debt Instrument [Line Items]
Aggregate principal committed, face amount	650,000,000			650,000,000					$ 250,000,000					$ 400,000,000
Outstanding Principal	650,000,000			650,000,000
Amount Available	0			0
Unamortized debt issuance costs, net	(1,888,000)			(3,042,000)
Net Carrying Value	651,888,000			653,042,000
June 2026 Notes | Unsecured debt investments
Debt Instrument [Line Items]
Aggregate principal committed, face amount	375,000,000			375,000,000								$ 375,000,000
Outstanding Principal	375,000,000			375,000,000
Amount Available	0			0
Unamortized Debt Issuance Costs	2,599,000			3,684,000
Net Carrying Value	372,401,000			371,316,000
January 2027 Notes | Unsecured debt investments
Debt Instrument [Line Items]
Aggregate principal committed, face amount	300,000,000			300,000,000							$ 300,000,000
Outstanding Principal	300,000,000			300,000,000
Amount Available	0			0
Unamortized Debt Issuance Costs	3,520,000			4,636,000
Net Carrying Value	296,480,000			295,364,000
CLO 2020-1 | Secured Debt
Debt Instrument [Line Items]
Aggregate principal committed, face amount	204,000,000			204,000,000	$ 337,500,000								$ 333,500,000
Outstanding Principal	204,000,000			204,000,000
Amount Available	0			0
Unamortized Debt Issuance Costs	4,117,000			4,390,000
Net Carrying Value	199,883,000			199,610,000
Revolving Credit Facility | Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Aggregate principal committed, maximum borrowing capacity	1,115,000,000	$ 1,120,000,000	$ 1,090,000,000.00	1,090,000,000				$ 1,040,000,000.00
Aggregate principal committed, face amount		$ 75,000,000	$ 50,000,000
Outstanding Principal	351,472,000			343,393,000
Amount Available	763,528,000			746,607,000
Unamortized Debt Issuance Costs	13,696,000			16,127,000
Net Carrying Value	$ 337,778,000			$ 327,266,000

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Debt - Schedule of Components of Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Debt Disclosure [Abstract]
Interest expense	$ 46,170	$ 46,510	$ 139,456	$ 139,099
Amortization of debt issuance costs	2,108	3,147	6,528	7,349
Total Interest Expense	$ 48,278	$ 49,657	$ 145,984	$ 146,448
Average interest rate	6.20%	6.30%	6.20%	6.10%
Average daily borrowings	$ 2,931,667	$ 2,937,811	$ 2,956,886	$ 3,057,860

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Debt - Subscription Credit Facility (Narrative) (Details) - Revolving Credit Facility - Subscription Credit Facility - Line of Credit	Nov. 19, 2018 USD ($)
Debt Instrument [Line Items]
Aggregate principal committed, maximum borrowing capacity	$ 700,000,000
Unused commitment fee percent	0.25%
LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	1.50%
Prime Rate
Debt Instrument [Line Items]
Basis spread on variable rate	0.50%
Federal Funds Rate
Debt Instrument [Line Items]
Basis spread on variable rate	1.00%
One-Month (LIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate	1.50%

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Debt - Revolving Credit Facility (Narrative) (Details) - Line of Credit	Jun. 13, 2024	Feb. 29, 2024 USD ($)	Sep. 26, 2023	Sep. 30, 2024 USD ($)	Feb. 28, 2024 USD ($)	Dec. 31, 2023 USD ($)	Nov. 15, 2022 USD ($)
Revolving Credit Facility | Revolving Credit Facility
Debt Instrument [Line Items]
Aggregate principal committed		$ 1,120,000,000		$ 1,115,000,000	$ 1,090,000,000.00	$ 1,090,000,000	$ 1,040,000,000.00
Aggregate principal committed		75,000,000			$ 50,000,000
Maximum borrowing capacity		$ 1,640,000,000
Asset coverage ratio, minimum		1.50
Revolving Credit Facility | One Month Tenor Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Basis spread on variable rate	0.29547%
Revolving Credit Facility | One Month Tenor Senior Secured Revolving Credit Facility | SOFR
Debt Instrument [Line Items]
Basis spread on variable rate			0.10%
Revolving Credit Facility | Three Month Tenor Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Basis spread on variable rate	0.32138%
Revolving Credit Facility | Borrowed in U.S. Dollars | SOFR
Debt Instrument [Line Items]
Basis spread on variable rate		1.875%
Revolving Credit Facility | Borrowed in U.S. Dollars | Prime Rate
Debt Instrument [Line Items]
Basis spread on variable rate		0.875%
Revolving Credit Facility | Not Borrowed in U.S. Dolalrs | SOFR
Debt Instrument [Line Items]
Basis spread on variable rate		1.75%
Revolving Credit Facility | Not Borrowed in U.S. Dolalrs | Prime Rate
Debt Instrument [Line Items]
Basis spread on variable rate		0.75%
Bridge Loan | Revolving Credit Facility
Debt Instrument [Line Items]
Aggregate principal committed		$ 200,000,000

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Debt - SPV Asset Facilities (Narrative) (Details) - Line of Credit - USD ($)	Dec. 22, 2022	Nov. 16, 2021	Sep. 30, 2024	Dec. 31, 2023	Mar. 30, 2023
SPV Asset Facility I
Debt Instrument [Line Items]
Aggregate principal committed	$ 450,000,000		$ 600,000,000	$ 600,000,000	$ 600,000,000
Debt term	3 years
Basis spread on variable rate	3.31%
SPV Asset Facility II
Debt Instrument [Line Items]
Aggregate principal committed		$ 300,000,000	$ 300,000,000	$ 300,000,000
Debt term		3 years
Basis spread on variable rate		2.625%
Undrawn fee percentage		0.50%
Borrowing base test over the total percentage of amount drawn		20.00%
SPV Asset Facility II | Minimum
Debt Instrument [Line Items]
Commitment fee threshold		0.00%
SPV Asset Facility II | Maximum
Debt Instrument [Line Items]
Commitment fee threshold		75.00%

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Debt - Unsecured Notes (Narrative) (Details) - Unsecured debt investments - USD ($)	Jun. 14, 2021	Dec. 17, 2020	Sep. 23, 2020	Jun. 12, 2020	Sep. 30, 2024	Dec. 31, 2023	Nov. 23, 2021
June 2025 Notes
Debt Instrument [Line Items]
Aggregate principal committed				$ 210,000,000	$ 210,000,000	$ 210,000,000
Interest rate				6.75%
Debt instrument percentage				100.00%
June 2025 Notes | Adjustment One
Debt Instrument [Line Items]
Interest rate				7.50%
December 2025 Notes
Debt Instrument [Line Items]
Aggregate principal committed			$ 400,000,000		650,000,000	650,000,000	$ 250,000,000
Interest rate			4.75%
Debt instrument percentage			100.00%
June 2026 Notes
Debt Instrument [Line Items]
Aggregate principal committed		$ 375,000,000			375,000,000	375,000,000
Interest rate		3.75%
Debt instrument percentage		100.00%
January 2027 Notes
Debt Instrument [Line Items]
Aggregate principal committed	$ 300,000,000				$ 300,000,000	$ 300,000,000
Interest rate	2.50%
Debt instrument percentage	100.00%

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Debt - CLO 2020-1 (Narrative) (Details) - USD ($)		9 Months Ended
	Dec. 16, 2020	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Aug. 23, 2023
Debt Instrument [Line Items]
Shares issued (in shares)		0	0
Preferred equity investments | CLO 2020-1 Issuer
Debt Instrument [Line Items]
Issuance of common shares	$ 133,500,000
Shares issued (in shares)	133,500
Shares issued, price (in usd per share)	$ 1,000
Middle Market Loans | CLO 2020-1 Issuer
Debt Instrument [Line Items]
Aggregate principal committed	$ 243,400,000				$ 83,930,000
CLO 2020-1 | Secured Debt
Debt Instrument [Line Items]
Aggregate principal committed	333,500,000	$ 204,000,000		$ 204,000,000	$ 337,500,000
CLO I, Class A Notes | Secured Debt
Debt Instrument [Line Items]
Aggregate principal committed	$ 200,000,000
Basis spread on variable rate	2.95%

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Debt - CLO 2020-1 Refinancing (Narrative) (Details) - USD ($)	Aug. 23, 2023	Sep. 30, 2024	Dec. 31, 2023	Dec. 16, 2020
Middle Market Loans | CLO 2020-1 Issuer
Debt Instrument [Line Items]
Aggregate principal committed	$ 83,930,000			$ 243,400,000
CLO 2020-1 | Secured Debt
Debt Instrument [Line Items]
Aggregate principal committed	337,500,000	$ 204,000,000	$ 204,000,000	$ 333,500,000
CLO 2020-1, Class A-1R Notes | Secured Debt
Debt Instrument [Line Items]
Aggregate principal committed	$ 112,500,000
Basis spread on variable rate	3.05%
CLO 2020-1, Class A-2R Notes | Secured Debt
Debt Instrument [Line Items]
Aggregate principal committed	$ 23,500,000
Interest rate	6.937%
CLO 2020-1, Class B-1R Notes | Secured Debt
Debt Instrument [Line Items]
Aggregate principal committed	$ 53,000,000
Basis spread on variable rate	4.64%
CLO 2020-1, Class B-2R Notes | Secured Debt
Debt Instrument [Line Items]
Aggregate principal committed	$ 15,000,000
Interest rate	8.497%

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Fair Value of Financial Instruments - Schedule of Fair Value Hierarchy of Cash and Investments (Details) - USD ($) $ in Thousands	Sep. 30, 2024		Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash	$ 186,475		$ 469,017
Total Investments at fair value	6,396,848	[1],[2],[3]	6,132,022	[4],[5],[6],[7]
Subtotal
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments at fair value	6,394,661
First-lien senior secured debt investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments at fair value	4,453,641		3,983,668
Second-lien senior secured debt investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments at fair value	321,133		454,090
Unsecured debt investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments at fair value	339,634		427,862
Preferred equity investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments at fair value	692,369		861,779
Common equity investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments at fair value	587,884		404,623
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash	186,475		469,017
Total Investments at fair value	50,869		75,928
Level 1 | Subtotal
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments at fair value	50,869
Level 1 | First-lien senior secured debt investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments at fair value	0		0
Level 1 | Second-lien senior secured debt investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments at fair value	0		0
Level 1 | Unsecured debt investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments at fair value	0		0
Level 1 | Preferred equity investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments at fair value	0		0
Level 1 | Common equity investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments at fair value	50,869		75,928
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash	0		0
Total Investments at fair value	245,171		265,884
Level 2 | Subtotal
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments at fair value	245,171
Level 2 | First-lien senior secured debt investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments at fair value	75,027		8,521
Level 2 | Second-lien senior secured debt investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments at fair value	153,134		218,798
Level 2 | Unsecured debt investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments at fair value	0		20,455
Level 2 | Preferred equity investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments at fair value	0		0
Level 2 | Common equity investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments at fair value	17,010		18,110
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash	0		0
Total Investments at fair value	6,098,621		5,790,210
Level 3 | Subtotal
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments at fair value	6,098,621
Level 3 | First-lien senior secured debt investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments at fair value	4,378,614		3,975,147
Level 3 | Second-lien senior secured debt investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments at fair value	167,999		235,292
Level 3 | Unsecured debt investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments at fair value	339,634		407,407
Level 3 | Preferred equity investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments at fair value	692,369		861,779
Level 3 | Common equity investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments at fair value	520,005		$ 310,585
Fair Value Measured at Net Asset Value Per Share
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Investments at fair value	$ 2,187

[1] Certain portfolio company investments are subject to contractual restrictions on sales. Refer to footnote 19 for additional information on our restricted securities.

[2] Unless otherwise indicated, all investments are non-controlled, non-affiliated investments. Non-controlled, non-affiliated investments are defined as investments in which the Company owns less than 5% of the portfolio company’s outstanding voting securities and does not have the power to exercise control over the management or policies of such portfolio company.

[3] Unless otherwise indicated, the Company’s portfolio companies are pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility, SPV Asset Facility I, SPV Asset Facility II and CLO 2020-1. See Note 5 “Debt”.

[4] Certain portfolio company investments are subject to contractual restrictions on sales. Refer to footnote 19 for additional information on our restricted securities.

[5] Unless otherwise indicated, all investments are considered Level 3 investments.

[6] Unless otherwise indicated, all investments are non-controlled, non-affiliated investments. Non-controlled, non-affiliated investments are defined as investments in which the Company owns less than 5% of the portfolio company’s outstanding voting securities and does not have the power to exercise control over the management or policies of such portfolio company.

[7] Unless otherwise indicated, the Company’s portfolio companies are pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility, SPV Asset Facility I, SPV Asset Facility II and CLO 2020-1. See Note 5 “Debt”.

XML

Fair Value of Financial Instruments - Schedule of Changes in the Fair Value of Investments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, beginning of period	$ 5,846,740	$ 6,073,346	$ 5,790,210	$ 6,206,049
Purchases of investments, net	477,767	295,582	1,340,232	434,745
Payment-in-kind	33,056	26,735	100,922	112,229
Proceeds from investments, net	(314,975)	(322,131)	(1,103,130)	(566,874)
Net amortization/accretion of premium/discount on investments	9,621	10,025	30,910	23,088
Transfers between investment types	0	0	0	0
Transfers into (out of) Level 3	13,362	(101,715)	16,800	(241,431)
Fair value, end of period	$ 6,098,621	$ 5,927,030	$ 6,098,621	$ 5,927,030
Net change in unrealized gain (loss)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Net change in unrealized gain (loss)	Net change in unrealized gain (loss)	Net change in unrealized gain (loss)	Net change in unrealized gain (loss)
Net gains or losses included in earnings	$ 116,872	$ (54,812)	$ 20,548	$ (25,252)
Net realized gains (losses)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Realized Gain/(Loss)	Realized Gain/(Loss)	Realized Gain/(Loss)	Realized Gain/(Loss)
Net gains or losses included in earnings	$ (83,822)	$ 0	$ (97,871)	$ (15,524)
First-lien senior secured debt investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, beginning of period	4,156,539	4,170,088	3,975,147	4,232,118
Purchases of investments, net	447,656	290,155	1,223,679	412,153
Payment-in-kind	12,952	11,897	40,480	53,571
Proceeds from investments, net	(210,923)	(319,485)	(773,877)	(543,013)
Net amortization/accretion of premium/discount on investments	5,515	6,095	18,232	11,400
Transfers between investment types	(26,850)	0	(26,850)	(9,500)
Transfers into (out of) Level 3	0	(8,502)	0	(8,874)
Fair value, end of period	4,378,614	4,148,968	4,378,614	4,148,968
First-lien senior secured debt investments | Net change in unrealized gain (loss)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Net gains or losses included in earnings	85,000	(1,248)	13,099	16,647
First-lien senior secured debt investments | Net realized gains (losses)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Net gains or losses included in earnings	(91,275)	(32)	(91,296)	(15,534)
Second-lien senior secured debt investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, beginning of period	169,510	295,500	235,292	448,075
Purchases of investments, net	0	0	0	0
Payment-in-kind	3,584	3,073	8,160	8,694
Proceeds from investments, net	(17,647)	0	(86,195)	(20,000)
Net amortization/accretion of premium/discount on investments	236	87	954	482
Transfers between investment types	0	0	0	0
Transfers into (out of) Level 3	13,362	(53,213)	16,800	(192,557)
Fair value, end of period	167,999	242,782	167,999	242,782
Second-lien senior secured debt investments | Net change in unrealized gain (loss)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Net gains or losses included in earnings	(1,046)	(2,665)	(6,206)	(1,912)
Second-lien senior secured debt investments | Net realized gains (losses)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Net gains or losses included in earnings	0	0	(806)	0
Unsecured debt investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, beginning of period	322,371	380,746	407,407	347,322
Purchases of investments, net	0	0	51,465	0
Payment-in-kind	6,215	9,627	23,174	24,944
Proceeds from investments, net	0	0	(154,087)	(182)
Net amortization/accretion of premium/discount on investments	3,491	3,588	11,114	10,747
Transfers between investment types	(759)	0	(759)	0
Transfers into (out of) Level 3	0	0	0	0
Fair value, end of period	339,634	386,753	339,634	386,753
Unsecured debt investments | Net change in unrealized gain (loss)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Net gains or losses included in earnings	8,316	(7,208)	14,542	3,944
Unsecured debt investments | Net realized gains (losses)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Net gains or losses included in earnings	0	0	(13,222)	(22)
Preferred equity investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, beginning of period	821,664	877,864	861,779	834,593
Purchases of investments, net	22,209	494	28,097	10,314
Payment-in-kind	10,305	2,138	29,108	25,020
Proceeds from investments, net	(25,891)	(2,646)	(27,209)	(3,679)
Net amortization/accretion of premium/discount on investments	379	255	610	459
Transfers between investment types	(132,236)	0	(153,047)	35,746
Transfers into (out of) Level 3	0	0	0	0
Fair value, end of period	692,369	850,665	692,369	850,665
Preferred equity investments | Net change in unrealized gain (loss)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Net gains or losses included in earnings	12,232	(27,472)	(30,676)	(51,820)
Preferred equity investments | Net realized gains (losses)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Net gains or losses included in earnings	(16,293)	32	(16,293)	32
Common equity investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, beginning of period	376,656	349,148	310,585	343,941
Purchases of investments, net	7,902	4,933	36,991	12,278
Payment-in-kind	0	0	0	0
Proceeds from investments, net	(60,514)	0	(61,762)	0
Net amortization/accretion of premium/discount on investments	0	0	0	0
Transfers between investment types	159,845	0	180,656	(26,246)
Transfers into (out of) Level 3	0	(40,000)	0	(40,000)
Fair value, end of period	520,005	297,862	520,005	297,862
Common equity investments | Net change in unrealized gain (loss)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Net gains or losses included in earnings	12,370	(16,219)	29,789	7,889
Common equity investments | Net realized gains (losses)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Net gains or losses included in earnings	$ 23,746	$ 0	$ 23,746	$ 0

XML

Fair Value of Financial Instruments - Schedule of Net Change in Unrealized Gains (Losses) on Investments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net change in unrealized gain (loss) on investments held	$ 30,375	$ (54,212)	$ 10,533	$ (24,996)
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Total change in net unrealized gain (loss)	Total change in net unrealized gain (loss)	Total change in net unrealized gain (loss)	Total change in net unrealized gain (loss)
First-lien senior secured debt investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net change in unrealized gain (loss) on investments held	$ 250	$ (651)	$ 6,617	$ 17,477
Second-lien senior secured debt investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net change in unrealized gain (loss) on investments held	(869)	(2,665)	(6,259)	(2,491)
Unsecured debt investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net change in unrealized gain (loss) on investments held	8,316	(7,209)	14,542	3,945
Preferred equity investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net change in unrealized gain (loss) on investments held	4,116	(27,471)	(37,063)	(51,817)
Common equity investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net change in unrealized gain (loss) on investments held	$ 18,562	$ (16,216)	$ 32,696	$ 7,890

XML

Fair Value of Financial Instruments - Schedule of Quantitative Information About Significant Unobservable Inputs of Level 3 Investments (Details) $ in Thousands	Sep. 30, 2024 USD ($)		Dec. 31, 2023 USD ($) $ / shares
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 6,396,848	[1],[2],[3]	$ 6,132,022	[4],[5],[6],[7]
First-lien senior secured debt investments
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	4,453,641		3,983,668
Second-lien senior secured debt investments
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	321,133		454,090
Unsecured debt investments
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	339,634		427,862
Preferred equity investments
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	692,369		861,779
Common equity investments
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	587,884		404,623
Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	6,098,621		5,790,210
Level 3 | First-lien senior secured debt investments
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	4,378,614		3,975,147
Level 3 | First-lien senior secured debt investments | Yield Analysis
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 4,124,136		$ 3,625,053
Level 3 | First-lien senior secured debt investments | Yield Analysis | Market Yield | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	0.077		0.093
Level 3 | First-lien senior secured debt investments | Yield Analysis | Market Yield | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	0.168		0.159
Level 3 | First-lien senior secured debt investments | Yield Analysis | Market Yield | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	0.099		0.123
Level 3 | First-lien senior secured debt investments | Recent Transaction
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 248,966		$ 350,094
Level 3 | First-lien senior secured debt investments | Recent Transaction | Transaction Price | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	0.970		0.970
Level 3 | First-lien senior secured debt investments | Recent Transaction | Transaction Price | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	1.000		1.000
Level 3 | First-lien senior secured debt investments | Recent Transaction | Transaction Price | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	0.993		0.986
Level 3 | First-lien senior secured debt investments | Collateral Analysis
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 5,512
Level 3 | First-lien senior secured debt investments | Collateral Analysis | Recovery Rate | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	0.350
Level 3 | First-lien senior secured debt investments | Collateral Analysis | Recovery Rate | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	0.385
Level 3 | First-lien senior secured debt investments | Collateral Analysis | Recovery Rate | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	0.379
Level 3 | Second-lien senior secured debt investments
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 167,999		$ 235,292
Level 3 | Second-lien senior secured debt investments | Yield Analysis
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 167,999		$ 235,292
Level 3 | Second-lien senior secured debt investments | Yield Analysis | Market Yield | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	0.157		0.114
Level 3 | Second-lien senior secured debt investments | Yield Analysis | Market Yield | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	0.370		0.175
Level 3 | Second-lien senior secured debt investments | Yield Analysis | Market Yield | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	0.175		0.153
Level 3 | Unsecured debt investments
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 339,634		$ 407,407
Level 3 | Unsecured debt investments | Yield Analysis
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 183,812		$ 266,030
Level 3 | Unsecured debt investments | Yield Analysis | Market Yield | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	0.091		0.106
Level 3 | Unsecured debt investments | Yield Analysis | Market Yield | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	0.161		0.172
Level 3 | Unsecured debt investments | Yield Analysis | Market Yield | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	0.125		0.123
Level 3 | Unsecured debt investments | Recent Transaction
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 155,822
Level 3 | Unsecured debt investments | Recent Transaction | Transaction Price | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	1.219
Level 3 | Unsecured debt investments | Recent Transaction | Transaction Price | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	1.219
Level 3 | Unsecured debt investments | Recent Transaction | Transaction Price | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	1.219
Level 3 | Unsecured debt investments | Market Approach
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value			$ 141,377
Level 3 | Unsecured debt investments | Market Approach | Transaction Price | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input			1.000
Level 3 | Unsecured debt investments | Market Approach | Transaction Price | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input			1.000
Level 3 | Unsecured debt investments | Market Approach | Transaction Price | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input			1.000
Level 3 | Preferred equity investments
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 692,369		$ 861,779
Level 3 | Preferred equity investments | Yield Analysis
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 267,074		$ 236,932
Level 3 | Preferred equity investments | Yield Analysis | Market Yield | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	0.108		0.126
Level 3 | Preferred equity investments | Yield Analysis | Market Yield | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	0.313		0.250
Level 3 | Preferred equity investments | Yield Analysis | Market Yield | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	0.202		0.146
Level 3 | Preferred equity investments | Recent Transaction
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 44,323		$ 19,637
Level 3 | Preferred equity investments | Recent Transaction | Transaction Price | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	1.000		0.980
Level 3 | Preferred equity investments | Recent Transaction | Transaction Price | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	1.075		1.075
Level 3 | Preferred equity investments | Recent Transaction | Transaction Price | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	1.045		1.043
Level 3 | Preferred equity investments | Market Approach | Revenue Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 380,972		$ 537,989
Level 3 | Preferred equity investments | Market Approach | Revenue Multiple | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	2.8		4.5
Level 3 | Preferred equity investments | Market Approach | Revenue Multiple | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	21.0		21.0
Level 3 | Preferred equity investments | Market Approach | Revenue Multiple | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	7.9		11.1
Level 3 | Preferred equity investments | Market Approach | EBITDA Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value			$ 67,221
Level 3 | Preferred equity investments | Market Approach | EBITDA Multiple | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input			18.3
Level 3 | Preferred equity investments | Market Approach | EBITDA Multiple | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input			18.3
Level 3 | Preferred equity investments | Market Approach | EBITDA Multiple | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input			18.3
Level 3 | Common equity investments
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 520,005		$ 310,585
Level 3 | Common equity investments | Yield Analysis | Market Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 73,595
Level 3 | Common equity investments | Yield Analysis | Market Yield | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	0.150
Level 3 | Common equity investments | Yield Analysis | Market Yield | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	0.150
Level 3 | Common equity investments | Yield Analysis | Market Yield | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	0.150
Level 3 | Common equity investments | Recent Transaction
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 134,299		$ 48,727
Level 3 | Common equity investments | Recent Transaction | Transaction Price | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	0.970		1.000
Level 3 | Common equity investments | Recent Transaction | Transaction Price | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	1.000		1.000
Level 3 | Common equity investments | Recent Transaction | Transaction Price | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	0.990		1.000
Level 3 | Common equity investments | Market Approach | Transaction Price
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value			$ 46,326
Level 3 | Common equity investments | Market Approach | Transaction Price | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input | $ / shares			92.00
Level 3 | Common equity investments | Market Approach | Transaction Price | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input | $ / shares			92.00
Level 3 | Common equity investments | Market Approach | Transaction Price | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input | $ / shares			92.00
Level 3 | Common equity investments | Market Approach | Revenue Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 148,204		$ 152,731
Level 3 | Common equity investments | Market Approach | Revenue Multiple | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	5.5		6.3
Level 3 | Common equity investments | Market Approach | Revenue Multiple | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	13.5		14.7
Level 3 | Common equity investments | Market Approach | Revenue Multiple | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	11.5		12.5
Level 3 | Common equity investments | Market Approach | EBITDA Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 79,989		$ 16,133
Level 3 | Common equity investments | Market Approach | EBITDA Multiple | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	3.8		6.0
Level 3 | Common equity investments | Market Approach | EBITDA Multiple | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	22.3		20.3
Level 3 | Common equity investments | Market Approach | EBITDA Multiple | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	15.3		16.2
Level 3 | Common equity investments | Market Approach | N/A
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 2,720
Level 3 | Common equity investments | Market Approach | Discount Rate
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 1,608
Level 3 | Common equity investments | Market Approach | Discount Rate | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	0.200
Level 3 | Common equity investments | Market Approach | Discount Rate | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	0.200
Level 3 | Common equity investments | Market Approach | Discount Rate | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	0.200
Level 3 | Common equity investments | Market Approach | Gross Profit Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 207		$ 225
Level 3 | Common equity investments | Market Approach | Gross Profit Multiple | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	9.5		9.9
Level 3 | Common equity investments | Market Approach | Gross Profit Multiple | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	9.5		9.9
Level 3 | Common equity investments | Market Approach | Gross Profit Multiple | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	9.5		9.9
Level 3 | Common equity investments | Market Approach | AUM Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 79,219
Level 3 | Common equity investments | Market Approach | AUM Multiple | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	1.1
Level 3 | Common equity investments | Market Approach | AUM Multiple | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	1.1
Level 3 | Common equity investments | Market Approach | AUM Multiple | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	1.1
Level 3 | Common equity investments | Option Pricing Model
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 164		$ 46,443
Level 3 | Common equity investments | Option Pricing Model | Volatility | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	0.600		0.600
Level 3 | Common equity investments | Option Pricing Model | Volatility | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	0.700		0.635
Level 3 | Common equity investments | Option Pricing Model | Volatility | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investment measurement input	0.690		0.635

[1] Certain portfolio company investments are subject to contractual restrictions on sales. Refer to footnote 19 for additional information on our restricted securities.

[2] Unless otherwise indicated, all investments are non-controlled, non-affiliated investments. Non-controlled, non-affiliated investments are defined as investments in which the Company owns less than 5% of the portfolio company’s outstanding voting securities and does not have the power to exercise control over the management or policies of such portfolio company.

[3] Unless otherwise indicated, the Company’s portfolio companies are pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility, SPV Asset Facility I, SPV Asset Facility II and CLO 2020-1. See Note 5 “Debt”.

[4] Certain portfolio company investments are subject to contractual restrictions on sales. Refer to footnote 19 for additional information on our restricted securities.

[5] Unless otherwise indicated, all investments are considered Level 3 investments.

[6] Unless otherwise indicated, all investments are non-controlled, non-affiliated investments. Non-controlled, non-affiliated investments are defined as investments in which the Company owns less than 5% of the portfolio company’s outstanding voting securities and does not have the power to exercise control over the management or policies of such portfolio company.

[7] Unless otherwise indicated, the Company’s portfolio companies are pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility, SPV Asset Facility I, SPV Asset Facility II and CLO 2020-1. See Note 5 “Debt”.

XML

Fair Value of Financial Instruments - Schedule of Carrying and Fair Values of the Company’s Debt Obligations (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt	$ 2,888,129	$ 2,844,358
Debt issuance costs, net	29,267	35,064
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt	1,456,763	1,424,925
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt	1,431,366	1,419,433
Net Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt	2,961,207	2,947,329
Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt	2,888,129	2,844,358
SPV Asset Facility I | Line of Credit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt issuance costs, net	5,037	5,547
SPV Asset Facility I | Line of Credit | Net Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt	594,963	594,453
SPV Asset Facility I | Line of Credit | Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt	594,963	594,453
SPV Asset Facility II | Line of Credit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt issuance costs, net	1,258	1,897
SPV Asset Facility II | Line of Credit | Net Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt	298,742	298,103
SPV Asset Facility II | Line of Credit | Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt	298,742	298,103
June 2025 Notes | Unsecured debt investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt issuance costs, net	928	1,825
June 2025 Notes | Unsecured debt investments | Net Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt	209,072	208,175
June 2025 Notes | Unsecured debt investments | Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt	208,950	205,800
December 2025 Notes | Unsecured debt investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unamortized debt issuance costs, net	(1,888)	(3,042)
December 2025 Notes | Unsecured debt investments | Net Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt	651,888	653,042
December 2025 Notes | Unsecured debt investments | Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt	628,875	614,250
June 2026 Notes | Unsecured debt investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt issuance costs, net	2,599	3,684
June 2026 Notes | Unsecured debt investments | Net Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt	372,401	371,316
June 2026 Notes | Unsecured debt investments | Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt	349,688	343,125
January 2027 Notes | Unsecured debt investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt issuance costs, net	3,520	4,636
January 2027 Notes | Unsecured debt investments | Net Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt	296,480	295,364
January 2027 Notes | Unsecured debt investments | Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt	269,250	261,750
CLO 2020-1 | Secured Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt issuance costs, net	4,117	4,390
CLO 2020-1 | Secured Debt | Net Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt	199,883	199,610
CLO 2020-1 | Secured Debt | Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt	199,883	199,610
Revolving Credit Facility | Revolving Credit Facility | Line of Credit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt issuance costs, net	13,696	16,127
Revolving Credit Facility | Revolving Credit Facility | Line of Credit | Net Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt	337,778	327,266
Revolving Credit Facility | Revolving Credit Facility | Line of Credit | Fair Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt	$ 337,778	$ 327,267

XML

Commitments and Contingencies (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	$ 605,683	$ 396,093
Investment, Identifier [Axis]: 3ES Innovation Inc. (dba Aucerna), First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	4,580	1,580
Investment, Identifier [Axis]: AAM Series 1.1 Rail and Domestic Intermodal Feeder, LLC, LLC Interest
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	3,403	296
Investment, Identifier [Axis]: AAM Series 2.1 Aviation Feeder, LLC, LLC interest
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	2,288	17
Investment, Identifier [Axis]: AI Titan Parent, Inc. (dba Prometheus Group), First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	4,528	0
Investment, Identifier [Axis]: AI Titan Parent, Inc. (dba Prometheus Group), First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	2,830	0
Investment, Identifier [Axis]: Acquia Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	7,074	5,989
Investment, Identifier [Axis]: Activate Holdings (US) Corp. (dba Absolute Software), First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	352	282
Investment, Identifier [Axis]: Aerosmith Bidco Limited (dba Audiotonix), First lien senior secured multi-currency revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	16,416	0
Investment, Identifier [Axis]: Aerosmith Bidco Limited (dba Audiotonix), First lien senior secured multi-draw term loan 1
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	12,475	0
Investment, Identifier [Axis]: Aerosmith Bidco Limited (dba Audiotonix), First lien senior secured multi-draw term loan 2
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	27,119	0
Investment, Identifier [Axis]: AlphaSense, Inc., First lien senior secured delayed draw term loan 1
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	5,477	0
Investment, Identifier [Axis]: AlphaSense, Inc., First lien senior secured delayed draw term loan 2
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	5,549	0
Investment, Identifier [Axis]: Anaplan, Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	3,542	3,542
Investment, Identifier [Axis]: Aptean Acquiror, Inc. (dba Aptean), First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	372	0
Investment, Identifier [Axis]: Aptean Acquiror, Inc. (dba Aptean), First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	273	0
Investment, Identifier [Axis]: Artifact Bidco, Inc. (dba Avetta), First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	3,912	0
Investment, Identifier [Axis]: Artifact Bidco, Inc. (dba Avetta), First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	2,794	0
Investment, Identifier [Axis]: Associations, Inc., First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	3,847	0
Investment, Identifier [Axis]: Associations, Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	3,083	0
Investment, Identifier [Axis]: Aurelia Netherlands Midco 2 B.V., First lien senior secured EUR revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	0	1,556
Investment, Identifier [Axis]: Aurelia Netherlands Midco 2 B.V., First lien senior secured EUR term loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	0	14,005
Investment, Identifier [Axis]: Aurelia Netherlands Midco 2 B.V., First lien senior secured NOK term loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	0	14,656
Investment, Identifier [Axis]: Avalara, Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	909	909
Investment, Identifier [Axis]: Azurite Intermediate Holdings, Inc. (dba Alteryx, Inc.), First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	10,688	0
Investment, Identifier [Axis]: Azurite Intermediate Holdings, Inc. (dba Alteryx, Inc.), First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	4,750	0
Investment, Identifier [Axis]: BCPE Osprey Buyer, Inc. (dba PartsSource), First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	21,744	26,309
Investment, Identifier [Axis]: BCPE Osprey Buyer, Inc. (dba PartsSource), First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	5,708	8,426
Investment, Identifier [Axis]: BCTO BSI Buyer, Inc. (dba Buildertrend), First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	11,250	11,250
Investment, Identifier [Axis]: BTRS HOLDINGS INC. (dba Billtrust), First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	9	36
Investment, Identifier [Axis]: BTRS HOLDINGS INC. (dba Billtrust), First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	56	67
Investment, Identifier [Axis]: Bamboo US BidCo LLC, First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	398	716
Investment, Identifier [Axis]: Bamboo US BidCo LLC, First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	1,026	1,026
Investment, Identifier [Axis]: Bayshore Intermediate #2, L.P. (dba Boomi), First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	11,694	9,355
Investment, Identifier [Axis]: CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant), First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	1,992	0
Investment, Identifier [Axis]: CT Technologies Intermediate Holdings, Inc. (& Smart Holdings Corp.) (dba Datavant), First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	4,981	0
Investment, Identifier [Axis]: Catalis Intermediate, Inc. (fka GovBrands Intermediate, Inc.), First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	4,450	4,450
Investment, Identifier [Axis]: Certinia, Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	2,941	2,941
Investment, Identifier [Axis]: CivicPlus, LLC, First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	4,664	3,078
Investment, Identifier [Axis]: Community Brands ParentCo, LLC, First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	0	1,500
Investment, Identifier [Axis]: Community Brands ParentCo, LLC, First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	0	750
Investment, Identifier [Axis]: Computer Services, Inc. (dba CSI), First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	9,196	0
Investment, Identifier [Axis]: Coupa Holdings, LLC, First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	70	70
Investment, Identifier [Axis]: Coupa Holdings, LLC, First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	54	54
Investment, Identifier [Axis]: Crewline Buyer, Inc. (dba New Relic), First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	9,434	9,434
Investment, Identifier [Axis]: Delinea Buyer, Inc. (f/k/a Centrify), First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	8,163	8,163
Investment, Identifier [Axis]: Diligent Corporation, First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	0	701
Investment, Identifier [Axis]: Disco Parent, Inc. (dba Duck Creek Technologies, Inc.), First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	91	91
Investment, Identifier [Axis]: EET Buyer, Inc. (dba e-Emphasys), First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	4,773	0
Investment, Identifier [Axis]: EET Buyer, Inc. (dba e-Emphasys), First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	5,348	4,278
Investment, Identifier [Axis]: Entrata, Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	103	103
Investment, Identifier [Axis]: Finastra USA, Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	4,014	5,498
Investment, Identifier [Axis]: Forescout Technologies, Inc., First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	0	32,175
Investment, Identifier [Axis]: Forescout Technologies, Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	0	8,333
Investment, Identifier [Axis]: Forescout Technologies, Inc., First lien senior secured revolving loan 1
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	9,517	0
Investment, Identifier [Axis]: Fullsteam Operations, LLC, First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	7,686	3,805
Investment, Identifier [Axis]: Fullsteam Operations, LLC, First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	593	593
Investment, Identifier [Axis]: GI Ranger Intermediate, LLC (dba Rectangle Health), First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	2,211	885
Investment, Identifier [Axis]: GS Acquisitionco, Inc. (dba insightsoftware), First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	1,921	0
Investment, Identifier [Axis]: GS Acquisitionco, Inc. (dba insightsoftware), First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	4,177	3,344
Investment, Identifier [Axis]: Gainsight, Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	2,700	2,700
Investment, Identifier [Axis]: Gerson Lehrman Group, Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	956	3,647
Investment, Identifier [Axis]: Granicus, Inc., First lien senior secured revolving loan 1
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	274	0
Investment, Identifier [Axis]: Granicus, Inc., First lien senior secured revolving loan 2
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	0	2,069
Investment, Identifier [Axis]: H&F Opportunities LUX III S.À R.L (dba Checkmarx), First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	25,000	25,000
Investment, Identifier [Axis]: Hyland Software, Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	4,070	4,070
Investment, Identifier [Axis]: IRI Group Holdings, Inc. (f/k/a Circana Group, L.P. (f/k/a The NPD Group, L.P.)), First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	664	1,238
Investment, Identifier [Axis]: Icefall Parent, Inc. (dba EngageSmart), First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	1,217	0
Investment, Identifier [Axis]: Indikami Bidco, LLC (dba IntegriChain), First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	8,382	8,382
Investment, Identifier [Axis]: Indikami Bidco, LLC (dba IntegriChain), First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	3,832	5,987
Investment, Identifier [Axis]: Inovalon Holdings, Inc., First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	0	13,834
Investment, Identifier [Axis]: Integrity Marketing Acquisition, LLC, First lien senior secured delayed draw term loan 1
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	0	13,714
Investment, Identifier [Axis]: Integrity Marketing Acquisition, LLC, First lien senior secured delayed draw term loan 2
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	7,895	0
Investment, Identifier [Axis]: Integrity Marketing Acquisition, LLC, First lien senior secured revolving loan 1
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	0	3,409
Investment, Identifier [Axis]: Integrity Marketing Acquisition, LLC, First lien senior secured revolving loan 2
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	2,422	0
Investment, Identifier [Axis]: Interoperability Bidco, Inc. (dba Lyniate), First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	5,714	0
Investment, Identifier [Axis]: Interoperability Bidco, Inc. (dba Lyniate), First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	4,658	3,927
Investment, Identifier [Axis]: JS Parent, Inc. (dba Jama Software), First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	1,324	0
Investment, Identifier [Axis]: KWOL Acquisition Inc. (dba Worldwide Clinical Trials), First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	2,570	2,056
Investment, Identifier [Axis]: Kaseya Inc., First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	703	887
Investment, Identifier [Axis]: Kaseya Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	709	709
Investment, Identifier [Axis]: LSI Financing 1 DAC, Series 5 Notes
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	32,622	0
Investment, Identifier [Axis]: LSI Financing 1 DAC, Series 6 Notes
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	275	0
Investment, Identifier [Axis]: Litera Bidco LLC, First lien senior secured delayed draw term loan 1
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	17,117	0
Investment, Identifier [Axis]: Litera Bidco LLC, First lien senior secured delayed draw term loan 2
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	13,448	0
Investment, Identifier [Axis]: Litera Bidco LLC, First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	7,654	8,250
Investment, Identifier [Axis]: LogRhythm, Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	475	0
Investment, Identifier [Axis]: MINDBODY, Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	7,143	7,143
Investment, Identifier [Axis]: Magnet Forensics, LLC (f/k/a Grayshift, LLC), First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	968	968
Investment, Identifier [Axis]: ManTech International Corporation, First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	1,030	1,030
Investment, Identifier [Axis]: ManTech International Corporation, First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	860	860
Investment, Identifier [Axis]: Ministry Brands Holdings, LLC, First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	737	344
Investment, Identifier [Axis]: Minotaur Acquisition, Inc. (dba Inspira Financial), First lien senior secured delayed draw term loan 2
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	8,834	0
Investment, Identifier [Axis]: Minotaur Acquisition, Inc. (dba Inspira Financial), First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	5,435	0
Investment, Identifier [Axis]: Monotype Imaging Holdings Inc., First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	4,913	0
Investment, Identifier [Axis]: Monotype Imaging Holdings Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	7,369	0
Investment, Identifier [Axis]: NMI Acquisitionco, Inc. (dba Network Merchants), First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	1,115	1,115
Investment, Identifier [Axis]: Neptune Holdings, Inc. (dba NexTech), First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	588	588
Investment, Identifier [Axis]: Oranje Holdco, Inc. (dba KnowBe4), First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	1,602	1,602
Investment, Identifier [Axis]: PDI TA Holdings, Inc., First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	2,088	0
Investment, Identifier [Axis]: PDI TA Holdings, Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	918	0
Investment, Identifier [Axis]: PetVet Care Centers, LLC, First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	5,120	5,120
Investment, Identifier [Axis]: PetVet Care Centers, LLC, First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	5,373	5,373
Investment, Identifier [Axis]: Ping Identity Holding Corp., First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	416	91
Investment, Identifier [Axis]: Pluralsight, LLC, First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	12,649	0
Investment, Identifier [Axis]: Pluralsight, LLC, First lien senior secured loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	0	2,230
Investment, Identifier [Axis]: Pluralsight, LLC, First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	5,060	0
Investment, Identifier [Axis]: Project Power Buyer, LLC (dba PEC-Veriforce), First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	3,750	3,750
Investment, Identifier [Axis]: Pye-Barker Fire & Safety, LLC, First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	12,136	0
Investment, Identifier [Axis]: Pye-Barker Fire & Safety, LLC, First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	2,386	0
Investment, Identifier [Axis]: QAD, Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	11,429	11,429
Investment, Identifier [Axis]: RL Datix Holdings (USA), Inc., First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	10,985	0
Investment, Identifier [Axis]: RL Datix Holdings (USA), Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	0	778
Investment, Identifier [Axis]: RL Datix Holdings (USA), Inc., First lien senior secured revolving loan 1
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	9,618	0
Investment, Identifier [Axis]: Relativity ODA LLC, First lien senior secured revolving loan 1
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	0	11,250
Investment, Identifier [Axis]: Relativity ODA LLC, First lien senior secured revolving loan 2
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	7,871	0
Investment, Identifier [Axis]: Rubrik, Inc., First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	260	1,306
Investment, Identifier [Axis]: SailPoint Technologies Holdings, Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	4,358	4,358
Investment, Identifier [Axis]: Salinger Bidco Inc. (dba Surgical Information Systems), First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	1,406	0
Investment, Identifier [Axis]: Salinger Bidco Inc. (dba Surgical Information Systems), First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	1,406	0
Investment, Identifier [Axis]: Securonix, Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	3,479	3,559
Investment, Identifier [Axis]: Simpler Postage, Inc. (dba Easypost), First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	9,955	0
Investment, Identifier [Axis]: Simpler Postage, Inc. (dba Easypost), First lien senior secured delayed draw term loan 2
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	7,742	0
Investment, Identifier [Axis]: SimpliSafe Holding Corporation, First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	0	75
Investment, Identifier [Axis]: Smarsh Inc., First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	5,524	5,524
Investment, Identifier [Axis]: Smarsh Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	442	442
Investment, Identifier [Axis]: Talon MidCo 2 Limited, First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	0	13
Investment, Identifier [Axis]: Talon MidCo 2 Limited, First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	119	119
Investment, Identifier [Axis]: Tamarack Intermediate, L.L.C. (dba Verisk 3E), First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	0	744
Investment, Identifier [Axis]: Tamarack Intermediate, L.L.C. (dba Verisk 3E), First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	1,682	1,682
Investment, Identifier [Axis]: Thunder Purchaser, Inc. (dba Vector Solutions), First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	2,138	4,613
Investment, Identifier [Axis]: Velocity HoldCo III Inc. (dba VelocityEHS), First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	2,500	2,188
Investment, Identifier [Axis]: Walker Edison Furniture Company LLC, First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	225	2,809
Investment, Identifier [Axis]: When I Work, Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	5,605	5,605
Investment, Identifier [Axis]: XRL 1 LLC (dba XOMA), First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	1,000	1,000
Investment, Identifier [Axis]: Zendesk, Inc., First lien senior secured delayed draw term loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	12,922	12,922
Investment, Identifier [Axis]: Zendesk, Inc., First lien senior secured revolving loan
Investments in and Advances to Affiliates [Line Items]
Outstanding commitments to fund investments	$ 5,321	$ 5,321

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Net Assets - Narrative (Details) - $ / shares	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Equity [Abstract]
Common stock, shares authorized (in shares)	500,000,000		500,000,000
Common stock, par value (in usd per share)	$ 0.01		$ 0.01
Shares issued (in shares)	0	0

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Net Assets - Schedule of Distributions Declared on Shares (Details) - $ / shares	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
O 2024 M8 Dividends
Dividends Payable [Line Items]
Common stock, dividends declared per share (in usd per share)	$ 0.36
O 2024 M5 Dividends
Dividends Payable [Line Items]
Common stock, dividends declared per share (in usd per share)	0.40
O 2024 M2 Dividends
Dividends Payable [Line Items]
Common stock, dividends declared per share (in usd per share)	$ 0.37
O 2023 M8 Dividends
Dividends Payable [Line Items]
Common stock, dividends declared per share (in usd per share)		$ 0.37
O 2023 M5 Dividends
Dividends Payable [Line Items]
Common stock, dividends declared per share (in usd per share)		0.37
O 2023 M2 Dividends
Dividends Payable [Line Items]
Common stock, dividends declared per share (in usd per share)		$ 0.34

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Net Assets - Schedule of Common Stock Issued Pursuant to the Dividend Reinvestment Plan (Details) - shares	3 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Equity [Abstract]
Dividend reinvestment plan shares (in shares)	1,323,864	1,190,189	1,212,560	1,169,242	1,082,573	912,215

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Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Earnings Per Share [Abstract]
Increase (decrease) in net assets resulting from operations	$ 119,538	$ 56,804	$ 218,527	$ 267,545
Weighted average shares of common stock outstanding—basic (in shares)	210,331,300	205,474,428	209,162,895	204,446,780
Weighted average shares of common stock outstanding— diluted (in shares)	210,331,300	205,474,428	209,162,895	204,446,780
Earnings (loss) per common share-basic (in usd per share)	$ 0.57	$ 0.28	$ 1.04	$ 1.31
Earnings (loss) per common share- diluted (in usd per share)	$ 0.57	$ 0.28	$ 1.04	$ 1.31

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Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Income Tax Examination [Line Items]
Income tax expense (benefit), including excise tax expense (benefit)	$ 2,846	$ 2,580	$ 8,583	$ 8,970
Deferred tax liability, net	42		42
Deferred tax asset, net					$ 5
Subsidiaries
Income Tax Examination [Line Items]
Income tax expense (benefit), including excise tax expense (benefit)	$ (1)	$ 1	$ (4)	$ 4

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Financial Highlights (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Investment Company, Net Assets [Roll Forward]
Net asset value, beginning of period (in usd per share)			$ 17.03	$ 16.70
Net investment income (loss) (in usd per share)			1.37	1.30
Net realized and unrealized gain (loss) (in usd per share)			(0.33)	(0.01)
Total from operations (in usd per share)			1.04	1.29
Distributions declared from net investment income (in usd per share)			(1.12)	(1.08)
Total increase (decrease) in net assets (in usd per share)			(0.08)	0.21
Net asset value, end of period (in usd per share)	$ 16.95	$ 16.91	$ 16.95	$ 16.91
Shares outstanding, end of period (in shares)	210,978,842	206,046,339	210,978,842	206,046,339		207,252,229
Total return			6.30%	8.00%
Ratio of total expenses to average net assets			8.70%	9.30%
Ratio of net investment income to average net assets			11.00%	10.30%
Net assets, end of period	$ 3,575,511	$ 3,484,890	$ 3,575,511	$ 3,484,890	$ 3,510,357	$ 3,529,994	$ 3,485,226	$ 3,387,365
Weighted-average shares outstanding, basic (in shares)	210,331,300	205,474,428	209,162,895	204,446,780
Weighted-average shares outstanding, diluted (in shares)	210,331,300	205,474,428	209,162,895	204,446,780
Total capital commitments, end of period			$ 3,134,815	$ 3,134,815
Ratio of total contributed capital to total committed capital, end of period			100.00%	100.00%
Portfolio turnover rate			25.20%	8.20%

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Subsequent Events (Details) - USD ($)	Oct. 30, 2024	Oct. 29, 2024	Dec. 22, 2022	Nov. 16, 2021	Oct. 01, 2024	Sep. 30, 2024	Dec. 31, 2023	Mar. 30, 2023
SPV Asset Facility I | Line of Credit
Subsequent Event [Line Items]
Aggregate principal committed			$ 450,000,000			$ 600,000,000	$ 600,000,000	$ 600,000,000
Basis spread on variable rate			3.31%
SPV Asset Facility II | Line of Credit
Subsequent Event [Line Items]
Aggregate principal committed				$ 300,000,000		$ 300,000,000	$ 300,000,000
Basis spread on variable rate				2.625%
Subsequent Event
Subsequent Event [Line Items]
Percentage of taxable income declared as distribution					90.00%
Subsequent Event | SPV Asset Facility I | Line of Credit
Subsequent Event [Line Items]
Aggregate principal committed	$ 700,000,000	$ 600,000,000
Commitment fee percentage	0.50%	0.35%
Basis spread on variable rate	2.25%	3.31%
Subsequent Event | SPV Asset Facility II | Line of Credit
Subsequent Event [Line Items]
Aggregate principal committed	$ 400,000,000	$ 300,000,000
Basis spread on variable rate	2.40%	2.625%