XML 76 R58.htm IDEA: XBRL DOCUMENT v3.25.0.1
Fair Value of Financial Instruments - Roll Forward Level III (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Total    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value at beginning of period $ 262,316 $ 6,131
Accretion of discount (amortization of premium) 1,004 563
Purchases 833,396 260,088
Paid-in-kind interest 2,093 25
Sales and repayments (83,944) (7,876)
Transfers into Level 3 0 0
Transfers out of Level 3 0 0
Fair value at end of period 1,022,418 262,316
The amount of total gains or (losses) for the period included in changes in net assets attributable to the change in unrealized gains or losses relating to investments still held at the reporting date 7,534 3,402
Total | Net realized gain (loss)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Net realized gain (loss) and unrealized appreciation (depreciation) (16) (4)
Total | Net change in unrealized appreciation (depreciation)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Net realized gain (loss) and unrealized appreciation (depreciation) 7,569 3,389
Senior Secured Loans—First Lien    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value at beginning of period 204,314 2,646
Accretion of discount (amortization of premium) 674 554
Purchases 683,099 204,802
Paid-in-kind interest 1,157 0
Sales and repayments (28,728) (6,204)
Transfers into Level 3 0 0
Transfers out of Level 3 0 0
Fair value at end of period 865,488 204,314
The amount of total gains or (losses) for the period included in changes in net assets attributable to the change in unrealized gains or losses relating to investments still held at the reporting date 4,963 2,533
Senior Secured Loans—First Lien | Net realized gain (loss)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Net realized gain (loss) and unrealized appreciation (depreciation) (26) (4)
Senior Secured Loans—First Lien | Net change in unrealized appreciation (depreciation)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Net realized gain (loss) and unrealized appreciation (depreciation) 4,998 2,520
Subordinated Debt    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value at beginning of period 961 0
Accretion of discount (amortization of premium) 3 1
Purchases 485 947
Paid-in-kind interest 221 25
Sales and repayments 0 0
Transfers into Level 3 0 0
Transfers out of Level 3 0 0
Fair value at end of period 1,667 961
The amount of total gains or (losses) for the period included in changes in net assets attributable to the change in unrealized gains or losses relating to investments still held at the reporting date (3) (12)
Subordinated Debt | Net realized gain (loss)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Net realized gain (loss) and unrealized appreciation (depreciation) 0 0
Subordinated Debt | Net change in unrealized appreciation (depreciation)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Net realized gain (loss) and unrealized appreciation (depreciation) (3) (12)
Asset Based Finance    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value at beginning of period 57,041 3,485
Accretion of discount (amortization of premium) 327 8
Purchases 149,812 54,339
Paid-in-kind interest 715 0
Sales and repayments (55,216) (1,672)
Transfers into Level 3 0 0
Transfers out of Level 3 0 0
Fair value at end of period 155,263 57,041
The amount of total gains or (losses) for the period included in changes in net assets attributable to the change in unrealized gains or losses relating to investments still held at the reporting date 2,574 881
Asset Based Finance | Net realized gain (loss)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Net realized gain (loss) and unrealized appreciation (depreciation) 10 0
Asset Based Finance | Net change in unrealized appreciation (depreciation)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Net realized gain (loss) and unrealized appreciation (depreciation) $ 2,574 $ 881