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Investments (Tables)
 12 Months Ended
Dec. 31, 2024
Schedule of Investments [Abstract]  
Investment Holdings, Schedule of Investments
The composition of the Company’s investment portfolio at cost and fair value was as follows:
December 31, 2024December 31, 2023
CostFair Value% of Total Investments at Fair ValueCostFair Value% of Total Investments at Fair Value
First lien debt$62,076,029 $61,455,274 89.8 %$45,837,261 $45,534,013 89.7 %
Second lien debt2,790,046 2,723,460 3.9 1,826,541 1,736,088 3.4 
Unsecured debt179,863 177,801 0.3 18,182 18,171 0.0 
Structured finance obligations - debt instruments582,324 590,509 0.9 443,228 436,863 0.9 
Structured finance obligations - equity instruments137,250 141,139 0.2 — — — 
Investments in joint ventures1,932,706 1,914,411 2.8 2,120,206 2,161,525 4.3 
Equity and other (1)(2)
1,287,453 1,417,183 2.1 776,305 857,251 1.7 
Total$68,985,671 $68,419,777 100.0 %$51,021,723 $50,743,911 100.0 %

(1)Includes equity investment in SLC.
(2)“Other” includes warrants.
The industry composition of investments at fair value was as follows:
December 31, 2024December 31, 2023
Aerospace & Defense1.2 %1.4 %
Air Freight & Logistics1.8 2.6 
Airlines (2)
0.0 0.1 
Auto Components (2)
0.0 0.1 
Beverages0.1 0.1 
Biotechnology (2)(3)
0.0 0.0 
Broadline Retail (2)
0.0 — 
Building Products1.3 2.1 
Capital Markets0.3 0.5 
Chemicals0.4 0.2 
Commercial Services & Supplies6.1 4.0 
Construction & Engineering1.1 0.7 
Construction Materials (2)
0.0 0.1 
Containers & Packaging0.2 0.3 
Distributors0.9 1.1 
Diversified Consumer Services3.3 2.7 
Diversified REITs (2)
0.0 — 
Diversified Telecommunication Services0.4 0.5 
Electric Utilities0.2 0.2 
Electrical Equipment0.8 0.5 
Electronic Equipment, Instruments & Components1.1 1.1 
Energy Equipment & Services0.1 0.1 
Entertainment (2)(3)
0.0 0.0 
December 31, 2024December 31, 2023
Financial Services (1)
2.3 %2.4 %
Food Products (2)(3)
0.0 0.0 
Ground Transportation (3)
0.2 0.0 
Health Care Equipment & Supplies1.1 1.6 
Health Care Providers & Services9.3 11.3 
Health Care Technology4.6 4.1 
Hotels, Restaurants & Leisure0.2 0.3 
Household Durables0.1 0.1 
Industrial Conglomerates0.3 0.9 
Insurance7.0 4.7 
Interactive Media & Services (3)
0.9 0.0 
Internet & Direct Marketing Retail1.5 2.0 
Investments in Joint Ventures2.8 4.3 
IT Services4.7 4.4 
Leisure Products (3)
— 0.0 
Life Sciences Tools & Services0.6 0.5 
Machinery (3)
0.3 0.0 
Marine0.4 0.5 
Media0.5 0.5 
Metals & Mining (2)(3)
0.0 0.0 
Oil, Gas & Consumable Fuels0.5 0.1 
Paper & Forest Products0.1 0.1 
Pharmaceuticals0.8 0.9 
Professional Services10.9 11.7 
Real Estate Management & Development1.0 0.3 
Software27.3 27.3 
Specialty Retail0.2 0.2 
Technology Hardware, Storage & Peripherals0.1 0.1 
Trading Companies & Distributors0.5 0.5 
Transportation Infrastructure2.4 2.7 
Wireless Telecommunication Services0.1 0.1 
Total100.0 %100.0 %

(1)Includes equity investment in SLC.
(2)Amount rounds to less than 0.1% as of December 31, 2024.
(3)Amount rounds to less than 0.1% as of December 31, 2023
The geographic composition of investments at cost and fair value was as follows:
December 31, 2024
CostFair Value% of Total Investments at Fair ValueFair Value as % of Net Assets
United States$58,715,654 $58,382,736 85.3 %150.3 %
Europe7,973,168 7,763,312 11.3 20.0 
Bermuda/Cayman Islands1,620,670 1,634,770 2.4 4.2 
Canada618,302 582,731 0.9 1.5 
Asia35,315 35,496 0.1 0.1 
Australia/New Zealand22,562 20,732 0.0 0.1 
Total$68,985,671 $68,419,777 100.0 %176.2 %
December 31, 2023
CostFair Value% of Total Investments at Fair ValueFair Value as % of Net Assets
United States$45,398,837 $45,129,324 88.9 %158.2 %
Europe4,489,832 4,500,069 8.9 15.8 
Canada669,615 657,164 1.3 2.3 
Bermuda/Cayman Islands440,117 433,445 0.9 1.5 
Australia/New Zealand23,322 23,909 0.0 0.1 
Total$51,021,723 $50,743,911 100.0 %177.9 %