v3.25.2
Fair Value of Financial Instruments - Schedule of Summarized Financial Information For SLF (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Dec. 31, 2023
Assets:                
Investments, at fair value (amortized cost of $947,154 and $1,116,992, respectively) $ 4,083,453 [1],[2],[3]       $ 4,083,453 [1],[2],[3]   $ 3,966,075 [4],[5],[6]  
Amortized cost 4,191,923 [1],[2],[3]       4,191,923 [1],[2],[3]   4,053,178 [4],[5],[6]  
Total assets 4,289,541       4,289,541   4,168,998  
Liabilities:                
Deferred financing costs 12,574       12,574   8,547  
Secured borrowings 0       0   30,800  
Other liabilities 843       843   1,502  
Total liabilities 2,359,369       2,359,369   2,181,205  
MEMBERS’ CAPITAL                
Total members’ capital 1,852,747 $ 1,898,833 $ 1,954,438 $ 1,998,558 1,852,747 $ 1,954,438 1,910,377 $ 388,119
Total liabilities, redeemable convertible preferred stock, and net assets attributable to common stock 4,289,541       4,289,541   4,168,998  
Investment income:                
Total investment income 103,415   104,625   210,932 201,175    
Operating expenses:                
Interest and credit facility financing expenses 34,889   28,280   68,741 51,211    
Total expenses 62,740   55,059   124,978 101,546    
Net investment income 39,580 $ 44,924 48,677 $ 49,737 84,504 98,414    
Realized and unrealized gain (loss):                
Net realized and unrealized gain (loss) on investments (13,422)   (15,765)   (33,487) (39,282)    
FBLC Senior Loan Fund, LLC                
Assets:                
Investments, at fair value (amortized cost of $947,154 and $1,116,992, respectively) 923,466       923,466   1,103,160  
Amortized cost 947,154       947,154   1,116,992  
Cash and other assets 67,026       67,026   48,176  
Total assets 990,492       990,492   1,151,336  
Liabilities:                
Revolving credit facilities (net of deferred financing costs of $1,311 and $1,469, respectively) 550,189       550,189   588,531  
Deferred financing costs 1,311       1,311   1,469  
Secured borrowings 638       638   4,599  
Other liabilities 46,285       46,285   57,568  
Total liabilities 597,112       597,112   650,698  
MEMBERS’ CAPITAL                
Total members’ capital 393,380       393,380   500,638  
Total liabilities, redeemable convertible preferred stock, and net assets attributable to common stock 990,492       990,492   $ 1,151,336  
Investment income:                
Total investment income 20,787   24,893   43,584 50,889    
Operating expenses:                
Interest and credit facility financing expenses 8,949   10,751   18,047 21,204    
Other expenses 604   624   1,214 1,219    
Total expenses 9,553   11,375   19,261 22,423    
Net investment income 11,234   13,518   24,323 28,466    
Realized and unrealized gain (loss):                
Net realized and unrealized gain (loss) on investments (1,145)   (1,546)   (13,011) 657    
Net increase (decrease) in members’ capital resulting from operations $ 10,089   $ 11,972   $ 11,312 $ 29,123    
[1] Percentages are based on net assets attributable to common stock as of June 30, 2025.
[2] Unless otherwise indicated, all investments in the consolidated schedules of investments are non-affiliated, non-controlled investments.
[3] Unless otherwise indicated, all of the Company's investments or a portion thereof are pledged as collateral under the JPM Revolver Facility.
[4] Percentages are based on net assets attributable to common stock as of December 31, 2024.
[5] Unless otherwise indicated, all investments in the consolidated schedules of investments are non-affiliated, non-controlled investments.
[6] Unless otherwise indicated, all of the Company's investments or a portion thereof are pledged as collateral under the JPM Revolver Facility.