Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2025		Dec. 31, 2024
Investment at cost	$ 4,011,737		$ 3,117,330
Restricted cash	14,355		7,932
Foreign currencies, cost	$ 27,602		$ 23,188
Common stock par value (in dollars per share)	$ 0.001		$ 0.001
Common stock, shares authorized (in shares)	499,950,000		499,950,000
Common stock, shares issued (in shares)	115,580,795		95,007,965
Common stock, shares outstanding (in shares)	115,580,795		95,007,965
Short-term investments
Investment at cost	$ 10,589		$ 10,201
Non-Control / Non-Affiliate investments
Investment at cost	3,713,707		2,837,742
Affiliate investments
Investment at cost	261,242	[1]	261,736	[2]
Control investments
Investment at cost	$ 26,199	[3]	$ 7,651	[4]

[1] As defined in the 1940 Act, the Company is deemed to be an “affiliated person” of the portfolio company as the Company owns between 5% or more, up to 25% (inclusive), of the portfolio company’s voting securities (“non-controlled affiliate”). Transactions related to investments in non-controlled “Affiliate Investments” for the six months ended June 30, 2025 were as follows: December 31, 2024
ValueGross Additions
(a)Gross Reductions (b)Amount of Realized Gain (Loss)Amount of Unrealized Gain (Loss)June 30,
2025
ValueAmount of Interest or Dividends Credited to Income(c)Portfolio CompanyType of Investment Biolam Group (d) First Lien Senior Secured Term Loan (EURIBOR + 4.50%, 8.7% PIK) (e) $— $3,200 $— $— $825 $4,025 $25  Common Stock (1,703,014 shares) — — — — — — —  Convertible Bonds (3,173,310 shares) — — — — — — —  Ordinary Shares (30,382,002 shares) — — — — — — —  Preferred Stock A (83,384 shares) — — — — — — —  Preferred Stock A2 (27,077 shares) — — — — — — —  Preferred Stock B (3,058,432 shares) — — — — — — —  Preferred Stock C (22,307 shares) — — — — — — —  Preferred Stock O1 (2,673,324 shares) — — — — — — —  Preferred Stock O2 (269,231 shares) — — — — — — —  Warrants (5,200,000 units) — — — — — — — — 3,200 — — 825 4,025 25  Coastal Marina Holdings, LLC (d) Subordinated Term Loan (8.0% Cash) 7,885 25 — — 6 7,916 355  Subordinated Term Loan (8.0% Cash) 3,635 9 — — 5 3,649 161  LLC Units (1,759,051 units) 8,426 — — — 1,478 9,904 — 19,946 34 — — 1,489 21,469 516 CPCF BPCC LLC 9.1% Member Interest 8,889 — (8,494)— (173)222 236 8,889 — (8,494)— (173)222 236  Eclipse Business Capital, LLC (d) Revolver (SOFR + 6.50%, 10.9% Cash) 7,123 1,547 (1,732)— (7)6,931 417  Second Lien Senior Secured Term Loan (7.5% Cash) 3,209 2 — — (2)3,209 124  LLC units (63,139,338 units) 96,603 16 — — 1,878 98,497 5,841 106,935 1,565 (1,732)— 1,869 108,637 6,382  Rocade Holdings LLC (d) Preferred LP Units (108,000 units) (SOFR + 6.00%, 10.3% PIK) 124,083 6,434 — — (19)130,498 6,434  Common LP Units (30.8 units) 315 — — — 1,004 1,319 399 124,398 6,434 — — 985 131,817 6,833  December 31, 2024
ValueGross Additions
(a)Gross Reductions (b)Amount of Realized Gain (Loss)Amount of Unrealized Gain (Loss)June 30,
2025
ValueAmount of Interest or Dividends Credited to Income(c)Portfolio CompanyType of InvestmentThompson Rivers LLC 6.3% Member Interest $2,860 $— $(634)$— $(28)$2,198 $— 2,860 — (634)— (28)2,198 — Waccamaw River LLC 20% Member Interest 10,730 — (3,329)— (290)7,111 541 10,730 — (3,329)— (290)7,111 541 Total Affiliate Investments$273,758 $11,233 $(14,189)$— $4,677 $275,479 $14,533  (a) Gross additions include increases in the cost basis of investments resulting from new investments, follow-on investments, payment-in-kind interest or dividends, the amortization of any unearned income or discounts on debt investments, as applicable. (b)     Gross reductions include decreases in the total cost basis of investments resulting from principal repayments, sales and return of capital. (c)    Represents the total amount of interest, fees or dividends credited to income for the portion of the year an investment was included in the Affiliate category. (d) The fair value of the investment was determined using significant unobservable inputs. (e) Non-accrual investment.

[2] As defined in the 1940 Act, the Company is deemed to be an “affiliated person” of the portfolio company as the Company owns between 5% or more, up to 25% (inclusive), of the portfolio company’s voting securities (“non-controlled affiliate”). Transactions related to investments in non-controlled “Affiliate Investments” for the year ended December 31, 2024 were as follows: December 31, 2023
ValueGross Additions
(a)Gross Reductions (b)Amount of Realized Gain (Loss)Amount of Unrealized Gain (Loss)December 31, 2024
ValueAmount of Interest or Dividends Credited to Income(c)Portfolio CompanyType of Investment Coastal Marina Holdings, LLC (d) Subordinated Term Loan (8.0% Cash) $7,824 $48 $— $— $13 $7,885 $714  Subordinated Term Loan (8.0% Cash) 3,434 201 — — — 3,635 356  LLC Units (1,759,051 units) 6,080 2,776 — — (430)8,426 — 17,338 3,025 — — (417)19,946 1,070 CPCF BPCC LLC 9.1% Member Interest 7,763 1,519 (212)— (181)8,889 1,236 7,763 1,519 (212)— (181)8,889 1,236  Eclipse Business Capital, LLC (d) Revolver (SOFR + 7.25%, 11.9% Cash) 3,915 19,522 (16,300)— (14)7,123 465  Second Lien Senior Secured Term Loan (7.5% Cash) 3,209 4 — — (4)3,209 341  LLC units (63,139,338 units) 102,917 47 — — (6,361)96,603 10,513 110,041 19,573 (16,300)— (6,379)106,935 11,319  Rocade Holdings LLC (d) Preferred LP Units (108,000 units) (SOFR + 6.0% PIK, 10.3% PIK) 114,113 13,289 (3,337)— 18 124,083 13,289  Common LP Units (30.8 units) 1,092 — — — (777)315 — 115,205 13,289 (3,337)— (759)124,398 13,289 Thompson Rivers LLC 6.3% Member Interest 5,304 — (2,378)— (66)2,860 — 5,304 — (2,378)— (66)2,860 — Waccamaw River LLC 20% Member Interest 15,470 — (2,087)— (2,653)10,730 3,534 15,470 — (2,087)— (2,653)10,730 3,534 Total Affiliate Investments$271,121 $37,406 $(24,314)$— $(10,455)$273,758 $30,448  (a) Gross additions include increases in the cost basis of investments resulting from new investments, follow-on investments, payment-in-kind interest or dividends, the amortization of any unearned income or discounts on debt investments, as applicable. (b)     Gross reductions include decreases in the total cost basis of investments resulting from principal repayments, sales and return of capital. (c)    Represents the total amount of interest, fees or dividends credited to income for the portion of the year an investment was included in the Affiliate category. (d) The fair value of the investment was determined using significant unobservable inputs.

[3] As defined in in the 1940 Act, the Company is deemed to be both an “affiliated person” and “control” the portfolio company because it owns more than 25% of the portfolio company’s outstanding voting securities or it has the power to exercise control over the management of policies of such portfolio company (including through a management agreement). Transactions as of and during the six months ended June 30, 2025 in which the portfolio company is deemed to be a “Control Investment” of the Company were as follows: December 31, 2024
ValueGross Additions
(a)Gross Reductions (b)Amount of Realized Gain (Loss)Amount of Unrealized Gain (Loss)June 30,
2025
ValueAmount of Interest or Dividends Credited to Income(c)Portfolio CompanyType of Investment Skyvault Holdings LLC (d) First Lien Senior Secured Term Loan (12.0% Cash) $5,738 $13,973 $— $— $— $19,711 $829  LLC Units (6,474,123 units) 1,913 4,575 — — (14)6,474 — Total Control Investments$7,651 $18,548 $— $— $(14)$26,185 $829  (a) Gross additions include increases in the cost basis of investments resulting from new investments, follow-on investments, payment-in-kind interest or dividends, the amortization of any unearned income or discounts on debt investments, as applicable. (b)     Gross reductions include decreases in the total cost basis of investments resulting from principal repayments, sales and return of capital. (c)    Represents the total amount of interest, fees or dividends credited to income for the portion of the year an investment was included in the Affiliate category. (d) The fair value of the investment was determined using significant unobservable inputs.

[4] As defined in in the 1940 Act, the Company is deemed to be both an “affiliated person” and “control” the portfolio company because it owns more than 25% of the portfolio company’s outstanding voting securities or it has the power to exercise control over the management of policies of such portfolio company (including through a management agreement). Transactions as of and during the year ended December 31, 2024 in which the portfolio company is deemed to be a “Control Investment” of the Company were as follows: December 31, 2023
ValueGross Additions
(a)Gross Reductions (b)Amount of Realized Gain (Loss)Amount of Unrealized Gain (Loss)December 31, 2024
ValueAmount of Interest or Dividends Credited to Income(c)Portfolio CompanyType of Investment Skyvault Holdings LLC (d) First Lien Senior Secured Term Loan (12.0% PIK) $— $5,738 $— $— $— $5,738 $57  LLC Units (1,912,719.3 units) — 1,913 — — — 1,913 — Total Control Investments$— $7,651 $— $— $— $7,651 $57  (a) Gross additions include increases in the cost basis of investments resulting from new investments, follow-on investments, payment-in-kind interest or dividends, the amortization of any unearned income or discounts on debt investments, as applicable. (b)     Gross reductions include decreases in the total cost basis of investments resulting from principal repayments, sales and return of capital. (c)    Represents the total amount of interest, fees or dividends credited to income for the portion of the year an investment was included in the Affiliate category. (d) The fair value of the investment was determined using significant unobservable inputs.