XML 138 R36.htm IDEA: XBRL DOCUMENT v3.24.3
Fair Value - Level III Rollforward (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Total        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance $ 858,720 $ 196,233 $ 475,705 $ 104,427
Net realized/unrealized gains (losses) on investments 74 4,501   7,337
Purchases, including capitalized PIK and revolver fundings 320,404 99,335 753,056 192,083
Proceeds from sales and paydowns of investments (40,465) (567) (120,826) (2,135)
Transfers into Level III   9,475 18,729  
Transfers out of Level III (26,096) (9,112) (17,177) (1,847)
Ending balance 1,112,637 299,865 1,112,637 299,865
Net change in unrealized appreciation (depreciation) for the period relating to those Level III assets that were still held by the Company at the end of the period 74 4,501 2,995 7,337
Total | Net realized (losses) gains on investments        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Net realized/unrealized gains (losses) on investments     14  
Total | Net change in unrealized appreciation (depreciation) of investments        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Net realized/unrealized gains (losses) on investments     3,136  
First lien        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance 826,750 173,615 459,051 93,348
Net realized/unrealized gains (losses) on investments (42) 4,031   6,697
Purchases, including capitalized PIK and revolver fundings 304,067 98,855 721,534 187,423
Proceeds from sales and paydowns of investments (40,412) (567) (120,773) (2,135)
Transfers into Level III   9,475 18,729  
Transfers out of Level III (26,096) (1,923) (17,177) (1,847)
Ending balance 1,064,267 283,486 1,064,267 283,486
Net change in unrealized appreciation (depreciation) for the period relating to those Level III assets that were still held by the Company at the end of the period (42) 4,031 2,748 6,697
First lien | Net realized (losses) gains on investments        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Net realized/unrealized gains (losses) on investments     14  
First lien | Net change in unrealized appreciation (depreciation) of investments        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Net realized/unrealized gains (losses) on investments     2,889  
Second lien        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance 18,016 15,350 8,678 7,239
Net realized/unrealized gains (losses) on investments 60 419   541
Purchases, including capitalized PIK and revolver fundings 1,270 0 10,478 800
Proceeds from sales and paydowns of investments 0 0 0 0
Transfers into Level III   0 0  
Transfers out of Level III 0 (7,189) 0 0
Ending balance 19,346 8,580 19,346 8,580
Net change in unrealized appreciation (depreciation) for the period relating to those Level III assets that were still held by the Company at the end of the period 60 419 190 541
Second lien | Net realized (losses) gains on investments        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Net realized/unrealized gains (losses) on investments     0  
Second lien | Net change in unrealized appreciation (depreciation) of investments        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Net realized/unrealized gains (losses) on investments     190  
Subordinated        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance 12,587 6,382 6,610 3,077
Net realized/unrealized gains (losses) on investments 49 51   73
Purchases, including capitalized PIK and revolver fundings 354 0 6,279 3,283
Proceeds from sales and paydowns of investments (53) 0 (53) 0
Transfers into Level III   0 0  
Transfers out of Level III 0 0 0 0
Ending balance 12,937 6,433 12,937 6,433
Net change in unrealized appreciation (depreciation) for the period relating to those Level III assets that were still held by the Company at the end of the period 49 51 101 73
Subordinated | Net realized (losses) gains on investments        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Net realized/unrealized gains (losses) on investments     0  
Subordinated | Net change in unrealized appreciation (depreciation) of investments        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Net realized/unrealized gains (losses) on investments     101  
Equity and other        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance 1,367 886 1,366 763
Net realized/unrealized gains (losses) on investments 7 0   26
Purchases, including capitalized PIK and revolver fundings 14,713 480 14,765 577
Proceeds from sales and paydowns of investments 0 0 0 0
Transfers into Level III   0 0  
Transfers out of Level III 0 0 0 0
Ending balance 16,087 1,366 16,087 1,366
Net change in unrealized appreciation (depreciation) for the period relating to those Level III assets that were still held by the Company at the end of the period $ 7 $ 0 (44) $ 26
Equity and other | Net realized (losses) gains on investments        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Net realized/unrealized gains (losses) on investments     0  
Equity and other | Net change in unrealized appreciation (depreciation) of investments        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Net realized/unrealized gains (losses) on investments     $ (44)