XML 59 R49.htm IDEA: XBRL DOCUMENT v3.22.2.2
Fair Value Measurements and Derivative Instruments - Summary of Changes in Fair Value of Investments Measured Using Level 3 Inputs (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Jun. 30, 2022
Dec. 31, 2021
Jun. 30, 2021
Dec. 31, 2020
Investments                
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]                
Fair value, beginning of period $ 37,895,208 $ 11,891,326 $ 37,895,208 $ 11,891,326 $ 35,002,909 $ 24,598,152 $ 5,856,631 $ 0
Purchases of investments 6,053,461 6,788,833 16,830,559 12,101,791        
Proceeds from principal repayments and sales of investments (2,780,076) (325,569) (3,418,044) (252,272)        
Accretion of discount/amortization of premium 40,206 8,842 90,010 12,152        
Transfers into Level 3 304,578 118,184 544,781          
Transfers out of Level 3 (428,074) (563,405) (284,567)          
Fair value, end of period 37,895,208 11,891,326 37,895,208 11,891,326        
Net change in unrealized appreciation (depreciation) included in earnings related to financial instruments, included in net unrealized appreciation (depreciation) on the Consolidated Statements of Operations (284,436) 9,133 (450,832) 28,904        
Investments, Realized Gain (Loss)                
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]                
Net realized gain (loss) (13,964) 773 (12,228) 709        
Investments, Unrealized Gain (Loss)                
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]                
Net realized gain (loss) (283,832) 7,037 (453,453) 28,946        
First lien debt                
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]                
Fair value, beginning of period 35,623,823 10,874,877 35,623,823 10,874,877 32,556,391 23,046,509 5,346,267 0
Purchases of investments 5,978,812 6,055,199 15,919,276 11,089,353        
Proceeds from principal repayments and sales of investments (2,597,994) (320,070) (3,204,195) (250,267)        
Accretion of discount/amortization of premium 39,220 8,651 87,705 11,893        
Transfers into Level 3 193,055 90,087 380,165          
Transfers out of Level 3 (267,097) (308,987) (230,697)          
Fair value, end of period 35,623,823 10,874,877 35,623,823 10,874,877        
Net change in unrealized appreciation (depreciation) included in earnings related to financial instruments, included in net unrealized appreciation (depreciation) on the Consolidated Statements of Operations (267,815) 5,042 (364,088) 23,162        
Debt Securities, First Lien, Realized Gain (Loss)                
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]                
Net realized gain (loss) (11,758) 749 (10,188) 694        
Debt Securities, First Lien, Unrealized Gain (Loss)                
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]                
Net realized gain (loss) (266,806) 2,981 (364,753) 23,204        
Second lien debt                
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]                
Fair value, beginning of period 1,268,919 646,051 1,268,919 646,051 1,446,075 800,133 453,487 0
Purchases of investments 71,844 422,557 595,997 644,485        
Proceeds from principal repayments and sales of investments (182,082) (5,499) (182,080) (2,005)        
Accretion of discount/amortization of premium 933 189 2,191 257        
Transfers into Level 3 111,523 28,097 164,614          
Transfers out of Level 3 (160,977) (254,418) (53,871)          
Fair value, end of period 1,268,919 646,051 1,268,919 646,051        
Net change in unrealized appreciation (depreciation) included in earnings related to financial instruments, included in net unrealized appreciation (depreciation) on the Consolidated Statements of Operations (16,191) 1,649 (53,924) 3,299        
Debt Securities, Second Lien, Realized Gain (Loss)                
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]                
Net realized gain (loss) (2,206) 24 (2,184) 15        
Debt Securities, Second Lien, Unrealized Gain (Loss)                
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]                
Net realized gain (loss) (16,191) 1,614 (55,881) 3,299        
Structured Finance Investments                
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]                
Fair value, beginning of period 287,898 198,108 287,898 198,108 298,409 205,592 0 0
Purchases of investments 0 197,899 122,159 197,899        
Proceeds from principal repayments and sales of investments 0 0 0 0        
Accretion of discount/amortization of premium 52 2 114 2        
Transfers into Level 3 0 0 0          
Transfers out of Level 3 0 0 0          
Fair value, end of period 287,898 198,108 287,898 198,108        
Net change in unrealized appreciation (depreciation) included in earnings related to financial instruments, included in net unrealized appreciation (depreciation) on the Consolidated Statements of Operations (10,159) 207 (39,967) 207        
Structured Finance, Realized Gain (Loss)                
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]                
Net realized gain (loss) 0 0 0 0        
Structured Finance, Unrealized Gain (Loss)                
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]                
Net realized gain (loss) (10,563) 207 (39,968) 207        
Equity                
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]                
Fair value, beginning of period 714,568 172,290 714,568 172,290 $ 702,034 $ 545,918 56,877 0
Purchases of investments 2,805 113,178 193,127 170,054        
Proceeds from principal repayments and sales of investments 0 0 (31,769) 0        
Accretion of discount/amortization of premium 0 0 0 0        
Transfers into Level 3 0 0 0          
Transfers out of Level 3 0 0 0          
Fair value, end of period 714,568 172,290 714,568 172,290        
Net change in unrealized appreciation (depreciation) included in earnings related to financial instruments, included in net unrealized appreciation (depreciation) on the Consolidated Statements of Operations 9,729 2,235 7,147 2,236        
Equity Securities, Realized Gain (Loss)                
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]                
Net realized gain (loss) 0 0 144 0        
Equity Securities, Unrealized Gain (Loss)                
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]                
Net realized gain (loss) $ 9,728 2,235 $ 7,148 2,236        
Forward Purchase Obligation                
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]                
Fair value, beginning of period   0   0     $ 0 $ 0
Purchases of investments   0   0        
Proceeds from principal repayments and sales of investments   0   (3,709)        
Accretion of discount/amortization of premium   0   0        
Transfers into Level 3   0            
Transfers out of Level 3   0            
Fair value, end of period   0   0        
Net change in unrealized appreciation (depreciation) included in earnings related to financial instruments, included in net unrealized appreciation (depreciation) on the Consolidated Statements of Operations   0   0        
Forward Purchase Obligation, Realized Gain (Loss)                
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]                
Net realized gain (loss)   0   3,709        
Forward Purchase Obligation, Unrealized Gain (Loss)                
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]                
Net realized gain (loss)   $ 0   $ 0