Derivatives (Tables)

12 Months Ended

Dec. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

The following tables present the aggregate notional amount and fair value hierarchy of the Company’s derivative financial instruments for the years ended December 31, 2024 and December 31, 2023.

	December 31, 2024
	Level 1		Level 2		Level 3		Total Fair Value		Notional
Derivative Assets
Foreign currency forward contracts	$	—	$	11,793	$	—	$	11,793	$	781,169
Interest rate swaps	—		4,683		—		4,683		1,000,000
Total Derivative assets at fair value	$	—	$	16,476	$	—	$	16,476	$	1,781,169
Cash collateral received							$	—
Derivative Liabilities
Foreign currency forward contracts	$	—	$	—	$	—	$	—	$	—
Interest rate swaps	—		(126,281)		—		(126,281)		7,237,975
Total Derivative liabilities at fair value	$	—	$	(126,281)	$	—	$	(126,281)	$	7,237,975
Cash collateral posted							$	253,890

	December 31, 2023
	Level 1		Level 2		Level 3		Total Fair Value		Notional
Derivative Assets
Interest rate swaps	$	—	$	14,145	$	—	$	14,145	$	850,000
Total Derivative assets at fair value	$	—	$	14,145	$	—	$	14,145	$	850,000
Cash collateral received							$	—
Derivative Liabilities
Foreign currency forward contract	$	—	$	(13,259)	$	—	$	(13,259)	$	411,499
Interest rate swaps	—		(152,282)		—		(152,282)		5,693,663
Total Derivative liabilities at fair value	$	—	$	(165,541)	$	—	$	(165,541)	$	6,105,162
Cash collateral posted							$	266,573

The net change in 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 Statements of Operations. The net realized gains and losses on the derivative assets and derivative liabilities not designated in a qualifying hedge accounting relationship are included within Net realized gain (loss) on derivative instruments in the Consolidated Statements of Operations.

	For the Year Ended December 31,
	2024		2023
Unrealized appreciation (depreciation)
Foreign currency forward contract	$	25,699	$	(13,259)
Net change in unrealized appreciation (depreciation)	$	25,699	$	(13,259)
Realized gain (loss)
Foreign currency forward contract	$	21,086	$	3,063
Net realized gain (loss)	$	21,086	$	3,063

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.

	For the Year Ended December 31,
	2024		2023
Interest rate swaps	$	16,539	$	110,174
Hedged items	$	(16,963)	$	(109,958)

The table below presents the carrying value of unsecured borrowings as of December 31, 2024 and December 31, 2023 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:

	For the Year Ended December 31,
	2024				2023
Description	Carrying Value		Cumulative Hedging Adjustments		Carrying Value		Cumulative Hedging Adjustments
Unsecured notes	$	8,019,278	$	(119,369)	$	6,356,700	$	(136,332)