XML 56 R50.htm IDEA: XBRL DOCUMENT v3.25.2
Fair Value of Financial Instruments - Changes in Fair Value of Investments Using Level 3 Inputs (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]        
Balance, beginning of period $ 7,176,460 $ 4,274,058 $ 7,099,575 $ 3,096,465
Purchases or originations 382,988 995,734 1,159,199 2,293,820
Repayments / redemptions (458,687) (30,579) (1,099,011) (41,602)
Sales proceeds (17,422) (268,010) (127,182) (408,569)
Paid-in-kind interest 15,811 8,200 29,885 13,745
Net change in unrealized gains (losses) 117,267 16,110 138,244 34,624
Net realized gains (losses) $ 7,214 $ 1,570 $ 7,674 $ 4,412
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Unrealized Gain (Loss), Investment, Derivative, and Foreign Currency Transaction, Operating, after Tax Unrealized Gain (Loss), Investment, Derivative, and Foreign Currency Transaction, Operating, after Tax Unrealized Gain (Loss), Investment, Derivative, and Foreign Currency Transaction, Operating, after Tax Unrealized Gain (Loss), Investment, Derivative, and Foreign Currency Transaction, Operating, after Tax
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] Realized Gain (Loss), Investment, Derivative, and Foreign Currency Transaction, Operating, after Tax Realized Gain (Loss), Investment, Derivative, and Foreign Currency Transaction, Operating, after Tax Realized Gain (Loss), Investment, Derivative, and Foreign Currency Transaction, Operating, after Tax Realized Gain (Loss), Investment, Derivative, and Foreign Currency Transaction, Operating, after Tax
Net amortization of discount on securities $ 16,736 $ 4,710 $ 31,983 $ 8,898
Balance, End of Period 7,240,367 5,001,793 7,240,367 5,001,793
First-lien Debt Investments        
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]        
Balance, beginning of period 6,686,427 3,979,498 6,728,411 2,848,805
Purchases or originations 382,321 995,734 1,059,498 2,255,540
Repayments / redemptions (374,771) (30,579) (1,015,095) (41,602)
Sales proceeds (5,659) (265,850) (115,419) (406,408)
Paid-in-kind interest 10,390 4,306 20,009 6,591
Net change in unrealized gains (losses) 128,445 13,328 134,497 26,783
Net realized gains (losses) 26 1,504 486 4,346
Net amortization of discount on securities 11,530 4,383 26,322 8,269
Balance, End of Period 6,838,709 4,702,324 6,838,709 4,702,324
Second-lien Debt Investments        
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]        
Balance, beginning of period 121,036 89,086 93,469 79,091
Purchases or originations     19,198 10,021
Repayments / redemptions (83,916)   (83,916)  
Sales proceeds   (2,160)   (2,161)
Paid-in-kind interest 1,229 494 2,167 494
Net change in unrealized gains (losses) (11,140) 2,586 (4,055) 2,359
Net realized gains (losses)   66   66
Net amortization of discount on securities 5,056 227 5,402 429
Balance, End of Period 32,265 90,299 32,265 90,299
Mezzanine Debt Investments        
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]        
Balance, beginning of period 204,815 111,081 123,184 105,918
Purchases or originations     76,440  
Paid-in-kind interest 4,192 3,400 7,709 6,660
Net change in unrealized gains (losses) 935 509 2,500 2,312
Net amortization of discount on securities 150 100 259 200
Balance, End of Period 210,092 115,090 210,092 115,090
Equity and Other Investments        
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]        
Balance, beginning of period 164,182 94,393 154,511 62,651
Purchases or originations 667   4,063 28,259
Sales proceeds (11,763)   (11,763)  
Net change in unrealized gains (losses) (973) (313) 5,302 3,170
Net realized gains (losses) 7,188   7,188  
Balance, End of Period $ 159,301 $ 94,080 $ 159,301 $ 94,080