XML 56 R45.htm IDEA: XBRL DOCUMENT v3.25.4
Portfolio Investments - Schedule of Significant Unobservable Inputs for Level 3 Investments (Details)
$ in Thousands
Dec. 31, 2025
USD ($)
Sep. 30, 2025
USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investment owned, fair value $ 7,433,861 [1] $ 6,899,031 [2]
Senior secured debt    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investment owned, fair value 6,997,991 6,438,079
Level 3    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investment owned, fair value 5,753,856 5,316,963
Level 3 | Senior secured debt    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investment owned, fair value 5,468,194 5,020,054
Level 3 | Senior secured debt | Market Yield | Market Yield    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investment owned, fair value $ 5,289,380 $ 4,896,387
Level 3 | Senior secured debt | Market Yield | Market Yield | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 0.060 0.060
Level 3 | Senior secured debt | Market Yield | Market Yield | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 0.270 0.260
Level 3 | Senior secured debt | Market Yield | Market Yield | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 0.093 0.093
Level 3 | Senior secured debt | Revenue Multiple | Enterprise Value    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investment owned, fair value $ 9,363 $ 10,924
Level 3 | Senior secured debt | Revenue Multiple | Enterprise Value | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 1.5 2.1
Level 3 | Senior secured debt | Revenue Multiple | Enterprise Value | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 1.7 2.3
Level 3 | Senior secured debt | Revenue Multiple | Enterprise Value | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 1.6 2.2
Level 3 | Senior secured debt | EBITDA Multiple | Enterprise Value    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investment owned, fair value $ 2,935 $ 2,935
Level 3 | Senior secured debt | EBITDA Multiple | Enterprise Value | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 4.3 6.3
Level 3 | Senior secured debt | EBITDA Multiple | Enterprise Value | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 6.3 8.3
Level 3 | Senior secured debt | EBITDA Multiple | Enterprise Value | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 5.3 7.3
Level 3 | Senior secured debt | Transaction Price | Transaction Precedent    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investment owned, fair value $ 165,648 $ 109,808
Level 3 | Senior secured debt | Measurement Input, Broker Quoted Price [Member] | Broker Quotations    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investment owned, fair value   868
Level 3 | Subordinated debt | Market Yield | Market Yield    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investment owned, fair value $ 187,133 $ 265,289
Level 3 | Subordinated debt | Market Yield | Market Yield | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 0.030 0.030
Level 3 | Subordinated debt | Market Yield | Market Yield | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 0.110 0.120
Level 3 | Subordinated debt | Market Yield | Market Yield | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 0.057 0.071
Level 3 | Subordinated debt | Revenue Multiple | Enterprise Value    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investment owned, fair value $ 69,316  
Level 3 | Subordinated debt | Revenue Multiple | Enterprise Value | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 7.4  
Level 3 | Subordinated debt | Revenue Multiple | Enterprise Value | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 7.6  
Level 3 | Subordinated debt | Revenue Multiple | Enterprise Value | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 7.5  
Level 3 | Common equity and warrants & preferred equity | Revenue Multiple | Enterprise Value    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investment owned, fair value $ 11,577 $ 14,236
Level 3 | Common equity and warrants & preferred equity | Revenue Multiple | Enterprise Value | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 1.6 2.2
Level 3 | Common equity and warrants & preferred equity | Revenue Multiple | Enterprise Value | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 7.5 5.0
Level 3 | Common equity and warrants & preferred equity | Revenue Multiple | Enterprise Value | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 7.5 2.6
Level 3 | Common equity and warrants & preferred equity | EBITDA Multiple | Enterprise Value    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Investment owned, fair value $ 17,636 $ 17,384
Level 3 | Common equity and warrants & preferred equity | EBITDA Multiple | Enterprise Value | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 6.8 6.5
Level 3 | Common equity and warrants & preferred equity | EBITDA Multiple | Enterprise Value | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 14.3 14.3
Level 3 | Common equity and warrants & preferred equity | EBITDA Multiple | Enterprise Value | Weighted Average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Measurement input 12.9 12.8
[1] Non-Control/Non-Affiliate Investments are investments that are neither Control Investments nor Affiliate Investments. Control Investments generally are defined by the Investment Company Act of 1940, as amended (the “Investment Company Act”), as investments in companies in which the Company owns more than 25% of the voting securities and/or has the power to exercise control over the management or policies of the company. Affiliate Investments generally are defined by the Investment Company Act as investments in companies in which the Company owns between 5% and 25% of the voting securities.
[2] Non-Control/Non-Affiliate Investments are investments that are neither Control Investments nor Affiliate Investments. Control Investments generally are defined by the Investment Company Act as investments in companies in which the Company owns more than 25% of the voting securities and/or has the power to exercise control over the management or policies of the company. Affiliate Investments generally are defined by the Investment Company Act as investments in companies in which the Company owns between 5% and 25% of the voting securities.