Derivatives (Tables)

9 Months Ended

Sep. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

The table below summarizes the aggregate notional amount and fair value of the Company’s derivative financial instruments as of September 30, 2022 and December 31, 2021.

	September 30, 2022
	Level 1		Level 2		Level 3		Total Fair Value		Notional
Derivative Assets
Foreign currency forward contract	$	—	$	1,642	$	—	$	1,642	$	66,656
Total Fair Value	—		1,642		—		1,642		66,656
Derivative Liabilities
Foreign currency forward contract	—		(1,336)		—		(1,336)		94,771
Interest rate swaps	—		(263,674)		—		(263,674)		5,425,000
Total Fair Value	$	—	$	(265,010)	$	—	$	(265,010)	$	5,519,771

	December 31, 2021
	Level 1		Level 2		Level 3		Total Fair Value		Notional
Derivative Assets
Foreign currency forward contract	$	—	$	—	$	1,505	$	1,505	$	423,123

The unrealized gains and losses on the Derivative assets and Derivative liabilities not designated in a qualifying hedge accounting relationship are included within Net change in unrealized appreciation (depreciation) on Derivative instruments in the Consolidated Statement of Operations. The realized gains and losses on the Derivative assets and Derivative liabilities not designated in a qualifying hedge accounting relationship are included within Foreign currency and other transactions in the Consolidated Statement of Operations.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Unrealized gain (loss)
Foreign currency forward contract	$	(452)	$	—	$	(2,499)	$	—
Total Unrealized gain (loss)	$	(452)	$	—	$	(2,499)	$	—
Realized gain (loss)
Foreign currency forward contract	$	(2,412)	$	—	$	(33,326)	$	—
Interest rate swaps	—		—		—		—
Total Realized gain (loss)	$	(2,412)	$	—	$	(33,326)	$	—

For derivative instruments designated in qualifying hedge relationships, the change in fair value of the hedging instrument and hedged item are recorded in Interest expense and recognized as components of Interest expense in the Consolidated Statements of Operations.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Interest rate swaps	$	(167,469)	$	—	$	(263,674)	$	—
Hedged items	165,162		—		262,336		—

The table below presents the carrying value of unsecured borrowings that are designated in a qualifying hedging relationship and the related cumulative hedging adjustment (increase/decrease) from current and prior hedging relationships included in such carrying values:

Description	Carrying Value		Cumulative Hedging Adjustments
Unsecured notes	$	7,648,453	$	262,336