Repurchase Agreements (Tables)

3 Months Ended

Mar. 31, 2025

Broker-Dealer [Abstract]

Schedule of Repurchase Agreements

The following table represents the Company's repurchase agreements as of March 31, 2025:

	Maturity Date	Interest Expense Incurred		Ending Weighted Average Interest Rate		Amount Pledged		Amount per Consolidated Statements of Assets and Liabilities
FBRED BDC BB FLOAT, LLC (“Barclays SPV”)	6/24/2027	$	8,188	5.91	%	$	390,327	$	243,199
FBRED BDC High Yield Securities, LLC ("JPM Repo SPV")	N/A	436		5.28	%	13,875		11,592
FBRED BDC JPM Seller, LLC ("JPM SPV")	8/14/2026	8,259		6.10	%	588,818		390,744
FBRED BDC Landings Finance, LLC (“Webster SPV”)	7/9/2026	613		6.27	%	21,219		15,914
FBRED BDC High Yield Securities, LLC ("Barclays Repo SPV")	N/A	169		5.32	%	15,111		12,059
Total		$	17,665	6.01	%	$	1,029,350	$	673,508

The following table represents the Company's repurchase agreements as of December 31, 2024:

	Maturity Date	Interest Expense Incurred		Ending Weighted Average Interest Rate		Amount Pledged		Amount per Consolidated Statements of Assets and Liabilities
FBRED BDC BB FLOAT, LLC (“Barclays SPV”)	6/24/2027	$	4,673	6.27	%	$	297,541	$	215,594
FBRED BDC High Yield Securities, LLC ("JPM Repo SPV")	N/A	283		5.61	%	13,875		11,576
FBRED BDC JPM Seller, LLC ("JPM SPV")	8/14/2026	3,025		4.70	%	344,407		246,058
FBRED BDC Landings Finance, LLC (“Webster SPV”)	7/9/2026	363		6.50	%	21,219		15,914
FBRED BDC High Yield Securities, LLC ("Barclays Repo SPV")	N/A	9		1.00	%	15,111		12,058
Total		$	8,353	5.36	%	$	692,153	$	501,200