Portfolio Investments - Unobservable Inputs Used in Fair Value Measurement of Level 3 Investments (Details) $ in Thousands |
Jun. 30, 2025
USD ($)
|
Jun. 30, 2024
USD ($)
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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|
Fair Value |
$ 6,673,516
|
[1] |
$ 7,718,243
|
[2] |
Subordinated Structured Notes |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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|
|
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Fair Value |
35,002
|
|
531,690
|
|
Unsecured Debt |
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|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
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Fair Value |
5,403
|
|
7,200
|
|
Level 3 |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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Fair Value |
6,591,431
|
|
7,668,592
|
|
Level 3 | Debt Securities, First Lien 1 | Discounted cash flow |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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Fair Value |
$ 1,605,991
|
|
$ 1,803,971
|
|
Level 3 | Debt Securities, First Lien 1 | Discounted cash flow | Minimum | Market yield |
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|
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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Unobservable Input |
0.078
|
|
0.083
|
|
Level 3 | Debt Securities, First Lien 1 | Discounted cash flow | Maximum | Market yield |
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|
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|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.289
|
|
0.341
|
|
Level 3 | Debt Securities, First Lien 1 | Discounted cash flow | Weighted Average | Market yield |
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|
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|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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|
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|
Unobservable Input |
0.118
|
|
0.124
|
|
Level 3 | Debt Securities, First Lien 2 | Discounted cash flow |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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Fair Value |
$ 902,617
|
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Level 3 | Debt Securities, First Lien 2 | Discounted cash flow | Minimum | Discount rate |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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Unobservable Input |
0.065
|
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Level 3 | Debt Securities, First Lien 2 | Discounted cash flow | Minimum | Terminal Cap Rate |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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Unobservable Input |
0.053
|
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Level 3 | Debt Securities, First Lien 2 | Discounted cash flow | Maximum | Discount rate |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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Unobservable Input |
0.103
|
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Level 3 | Debt Securities, First Lien 2 | Discounted cash flow | Maximum | Terminal Cap Rate |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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Unobservable Input |
0.083
|
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|
Level 3 | Debt Securities, First Lien 2 | Discounted cash flow | Weighted Average | Discount rate |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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Unobservable Input |
0.073
|
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|
Level 3 | Debt Securities, First Lien 2 | Discounted cash flow | Weighted Average | Terminal Cap Rate |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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Unobservable Input |
0.060
|
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|
Level 3 | Debt Securities, First Lien 2 | Market approach |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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Fair Value |
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|
$ 602,921
|
|
Level 3 | Debt Securities, First Lien 2 | Market approach | Minimum | EBITDA multiple |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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Unobservable Input |
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|
3.3
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Level 3 | Debt Securities, First Lien 2 | Market approach | Maximum | EBITDA multiple |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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|
Unobservable Input |
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|
11.5
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|
Level 3 | Debt Securities, First Lien 2 | Market approach | Weighted Average | EBITDA multiple |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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Unobservable Input |
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8.2
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Level 3 | Debt Securities, First Lien 3 | Discounted cash flow | Minimum | Discount rate |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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Unobservable Input |
0.145
|
|
0.093
|
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Level 3 | Debt Securities, First Lien 3 | Discounted cash flow | Maximum | Discount rate |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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Unobservable Input |
0.388
|
|
0.113
|
|
Level 3 | Debt Securities, First Lien 3 | Discounted cash flow | Weighted Average | Discount rate |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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Unobservable Input |
0.172
|
|
0.103
|
|
Level 3 | Debt Securities, First Lien 3 | Enterprise market and discounted cash flow approach |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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Fair Value |
$ 630,095
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|
$ 316,428
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|
Level 3 | Debt Securities, First Lien 3 | Market approach | Minimum | EBITDA multiple |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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Unobservable Input |
4.8
|
|
10.5
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|
Level 3 | Debt Securities, First Lien 3 | Market approach | Maximum | EBITDA multiple |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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Unobservable Input |
12.8
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|
12.5
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|
Level 3 | Debt Securities, First Lien 3 | Market approach | Weighted Average | EBITDA multiple |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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Unobservable Input |
10.6
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|
11.5
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|
Level 3 | Debt Securities, First Lien 4 | Market approach |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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Fair Value |
$ 452,172
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|
$ 156,075
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|
Level 3 | Debt Securities, First Lien 4 | Market approach | Minimum | Revenue multiple |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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Unobservable Input |
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|
0.3
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Level 3 | Debt Securities, First Lien 4 | Market approach | Minimum | Tangible book value multiple |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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Unobservable Input |
3.0
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Level 3 | Debt Securities, First Lien 4 | Market approach | Minimum | Earnings multiple |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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Unobservable Input |
8.0
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Level 3 | Debt Securities, First Lien 4 | Market approach | Maximum | Revenue multiple |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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Unobservable Input |
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2.0
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Level 3 | Debt Securities, First Lien 4 | Market approach | Maximum | Tangible book value multiple |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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Unobservable Input |
3.5
|
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Level 3 | Debt Securities, First Lien 4 | Market approach | Maximum | Earnings multiple |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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Unobservable Input |
12.5
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|
Level 3 | Debt Securities, First Lien 4 | Market approach | Weighted Average | Revenue multiple |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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Unobservable Input |
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|
1.1
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Level 3 | Debt Securities, First Lien 4 | Market approach | Weighted Average | Tangible book value multiple |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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Unobservable Input |
3.5
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Level 3 | Debt Securities, First Lien 4 | Market approach | Weighted Average | Earnings multiple |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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Unobservable Input |
12.5
|
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|
Level 3 | Debt Securities, First Lien 5 | Discounted cash flow |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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Fair Value |
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|
$ 56,239
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Level 3 | Debt Securities, First Lien 5 | Discounted cash flow | Minimum | Discount rate |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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Unobservable Input |
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|
0.058
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|
Level 3 | Debt Securities, First Lien 5 | Discounted cash flow | Maximum | Discount rate |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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Unobservable Input |
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|
0.300
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Level 3 | Debt Securities, First Lien 5 | Discounted cash flow | Weighted Average | Discount rate |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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Unobservable Input |
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|
0.072
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Level 3 | Debt Securities, First Lien 5 | Market approach |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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Fair Value |
$ 351,480
|
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|
Level 3 | Debt Securities, First Lien 5 | Market approach | Minimum | EBITDA multiple |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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Unobservable Input |
5.0
|
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Level 3 | Debt Securities, First Lien 5 | Market approach | Maximum | EBITDA multiple |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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Unobservable Input |
11.5
|
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|
Level 3 | Debt Securities, First Lien 5 | Market approach | Weighted Average | EBITDA multiple |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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Unobservable Input |
9.8
|
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|
Level 3 | Debt Securities, First Lien 6 | Discounted cash flow | Minimum | Discount rate |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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Unobservable Input |
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|
0.140
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|
Level 3 | Debt Securities, First Lien 6 | Discounted cash flow | Maximum | Discount rate |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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Unobservable Input |
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|
0.550
|
|
Level 3 | Debt Securities, First Lien 6 | Discounted cash flow | Weighted Average | Discount rate |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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Unobservable Input |
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|
0.345
|
|
Level 3 | Debt Securities, First Lien 6 | Enterprise market and discounted cash flow approach |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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Fair Value |
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|
$ 40,488
|
|
Level 3 | Debt Securities, First Lien 6 | Market approach |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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Fair Value |
$ 236,073
|
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|
Level 3 | Debt Securities, First Lien 6 | Market approach | Minimum | Revenue multiple |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
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Unobservable Input |
0.3
|
|
0.9
|
|
Level 3 | Debt Securities, First Lien 6 | Market approach | Maximum | Revenue multiple |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
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|
Unobservable Input |
2.0
|
|
1.5
|
|
Level 3 | Debt Securities, First Lien 6 | Market approach | Weighted Average | Revenue multiple |
|
|
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
1.7
|
|
1.2
|
|
Level 3 | Debt Securities, First Lien 7 | Enterprise market and discounted cash flow approach |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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Fair Value |
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|
$ 5,165
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|
Level 3 | Debt Securities, First Lien 7 | Market approach |
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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Fair Value |
$ 78,736
|
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|
Level 3 | Debt Securities, First Lien 7 | Market approach | Minimum | Revenue multiple |
|
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
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|
0.4
|
|
Level 3 | Debt Securities, First Lien 7 | Market approach | Minimum | Tangible book value multiple |
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|
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|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
1.4
|
|
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|
Level 3 | Debt Securities, First Lien 7 | Market approach | Maximum | Revenue multiple |
|
|
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
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|
0.7
|
|
Level 3 | Debt Securities, First Lien 7 | Market approach | Maximum | Tangible book value multiple |
|
|
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|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
2.2
|
|
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|
Level 3 | Debt Securities, First Lien 7 | Market approach | Weighted Average | Revenue multiple |
|
|
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Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
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|
0.6
|
|
Level 3 | Debt Securities, First Lien 7 | Market approach | Weighted Average | Tangible book value multiple |
|
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|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
2.2
|
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|
Level 3 | Debt Securities, First Lien 7 | Yield, market, discounted cash flow approach | Minimum | Market yield |
|
|
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|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
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|
0.137
|
|
Level 3 | Debt Securities, First Lien 7 | Yield, market, discounted cash flow approach | Maximum | Market yield |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.197
|
|
Level 3 | Debt Securities, First Lien 7 | Yield, market, discounted cash flow approach | Weighted Average | Market yield |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.167
|
|
Level 3 | Debt Securities, First Lien 8 | Discounted cash flow |
|
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|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
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|
Fair Value |
$ 54,739
|
|
|
|
Level 3 | Debt Securities, First Lien 8 | Discounted cash flow | Minimum | Discount rate |
|
|
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|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.060
|
|
|
|
Level 3 | Debt Securities, First Lien 8 | Discounted cash flow | Maximum | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.080
|
|
|
|
Level 3 | Debt Securities, First Lien 8 | Discounted cash flow | Weighted Average | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.060
|
|
|
|
Level 3 | Debt Securities, First Lien 8 | Enterprise value waterfall |
|
|
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|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
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|
|
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Fair Value |
|
|
$ 20,630
|
|
Level 3 | Debt Securities, First Lien 8 | Enterprise value waterfall | Minimum | Loss-adjusted discount rate |
|
|
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|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.082
|
|
Level 3 | Debt Securities, First Lien 8 | Enterprise value waterfall | Minimum | Projected loss rates |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.030
|
|
Level 3 | Debt Securities, First Lien 8 | Enterprise value waterfall | Maximum | Loss-adjusted discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.082
|
|
Level 3 | Debt Securities, First Lien 8 | Enterprise value waterfall | Maximum | Projected loss rates |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.030
|
|
Level 3 | Debt Securities, First Lien 8 | Enterprise value waterfall | Weighted Average | Loss-adjusted discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.082
|
|
Level 3 | Debt Securities, First Lien 8 | Enterprise value waterfall | Weighted Average | Projected loss rates |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.030
|
|
Level 3 | Debt Securities, First Lien 9 | Discounted cash flow | Minimum | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.155
|
|
|
|
Level 3 | Debt Securities, First Lien 9 | Discounted cash flow | Maximum | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.310
|
|
|
|
Level 3 | Debt Securities, First Lien 9 | Discounted cash flow | Weighted Average | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.178
|
|
|
|
Level 3 | Debt Securities, First Lien 9 | Enterprise market and discounted cash flow approach |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Fair Value |
$ 49,114
|
|
|
|
Level 3 | Debt Securities, First Lien 9 | Market approach | Minimum | Revenue multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.4
|
|
|
|
Level 3 | Debt Securities, First Lien 9 | Market approach | Maximum | Revenue multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
1.6
|
|
|
|
Level 3 | Debt Securities, First Lien 9 | Market approach | Weighted Average | Revenue multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.9
|
|
|
|
Level 3 | Debt Securities, First Lien 9 | Enterprise value waterfall |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Fair Value |
|
|
$ 190,500
|
|
Level 3 | Debt Securities, First Lien 9 | Enterprise value waterfall | Minimum | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.112
|
|
Level 3 | Debt Securities, First Lien 9 | Enterprise value waterfall | Maximum | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.291
|
|
Level 3 | Debt Securities, First Lien 9 | Enterprise value waterfall | Weighted Average | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.132
|
|
Level 3 | Debt Securities, First Lien 10 | Discounted cash flow | Minimum | Market yield |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.264
|
|
|
|
Level 3 | Debt Securities, First Lien 10 | Discounted cash flow | Maximum | Market yield |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.264
|
|
|
|
Level 3 | Debt Securities, First Lien 10 | Discounted cash flow | Weighted Average | Market yield |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.264
|
|
|
|
Level 3 | Debt Securities, First Lien 10 | Market approach |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Fair Value |
|
|
$ 111,800
|
|
Level 3 | Debt Securities, First Lien 10 | Market approach | Minimum | Tangible book value multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
1.0
|
|
Level 3 | Debt Securities, First Lien 10 | Market approach | Maximum | Tangible book value multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
2.1
|
|
Level 3 | Debt Securities, First Lien 10 | Market approach | Weighted Average | Tangible book value multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
1.6
|
|
Level 3 | Debt Securities, First Lien 10 | Enterprise market & discounted cash flow approach and option pricing model |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Fair Value |
$ 30,673
|
|
|
|
Level 3 | Debt Securities, First Lien 10 | Enterprise market & discounted cash flow approach and option pricing model | Minimum | EBITDA multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
8.0
|
|
|
|
Level 3 | Debt Securities, First Lien 10 | Enterprise market & discounted cash flow approach and option pricing model | Minimum | Expected volatility |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.450
|
|
|
|
Level 3 | Debt Securities, First Lien 10 | Enterprise market & discounted cash flow approach and option pricing model | Maximum | EBITDA multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
9.0
|
|
|
|
Level 3 | Debt Securities, First Lien 10 | Enterprise market & discounted cash flow approach and option pricing model | Maximum | Expected volatility |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.550
|
|
|
|
Level 3 | Debt Securities, First Lien 10 | Enterprise market & discounted cash flow approach and option pricing model | Weighted Average | EBITDA multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
9.0
|
|
|
|
Level 3 | Debt Securities, First Lien 10 | Enterprise market & discounted cash flow approach and option pricing model | Weighted Average | Expected volatility |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.550
|
|
|
|
Level 3 | Debt Securities, First Lien 11 | Market approach |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Fair Value |
|
|
$ 424,992
|
|
Level 3 | Debt Securities, First Lien 11 | Market approach | Minimum | Tangible book value multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
2.5
|
|
Level 3 | Debt Securities, First Lien 11 | Market approach | Minimum | Earnings multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
9.0
|
|
Level 3 | Debt Securities, First Lien 11 | Market approach | Maximum | Tangible book value multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
3.0
|
|
Level 3 | Debt Securities, First Lien 11 | Market approach | Maximum | Earnings multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
12.0
|
|
Level 3 | Debt Securities, First Lien 11 | Market approach | Weighted Average | Tangible book value multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
2.7
|
|
Level 3 | Debt Securities, First Lien 11 | Market approach | Weighted Average | Earnings multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
10.5
|
|
Level 3 | Debt Securities, First Lien 11 | Enterprise market & discounted cash flow approach and option pricing model |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Fair Value |
$ 11,852
|
|
|
|
Level 3 | Debt Securities, First Lien 11 | Enterprise market & discounted cash flow approach and option pricing model | Minimum | Market yield |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.172
|
|
|
|
Level 3 | Debt Securities, First Lien 11 | Enterprise market & discounted cash flow approach and option pricing model | Minimum | Expected volatility |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.450
|
|
|
|
Level 3 | Debt Securities, First Lien 11 | Enterprise market & discounted cash flow approach and option pricing model | Maximum | Market yield |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.172
|
|
|
|
Level 3 | Debt Securities, First Lien 11 | Enterprise market & discounted cash flow approach and option pricing model | Maximum | Expected volatility |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.550
|
|
|
|
Level 3 | Debt Securities, First Lien 11 | Enterprise market & discounted cash flow approach and option pricing model | Weighted Average | Market yield |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.172
|
|
|
|
Level 3 | Debt Securities, First Lien 11 | Enterprise market & discounted cash flow approach and option pricing model | Weighted Average | Expected volatility |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.550
|
|
|
|
Level 3 | Debt Securities, First Lien 12 | Discounted cash flow |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Fair Value |
$ 10,663
|
|
$ 877,151
|
|
Level 3 | Debt Securities, First Lien 12 | Discounted cash flow | Minimum | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.100
|
|
0.063
|
|
Level 3 | Debt Securities, First Lien 12 | Discounted cash flow | Minimum | Terminal Cap Rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.053
|
|
Level 3 | Debt Securities, First Lien 12 | Discounted cash flow | Maximum | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.300
|
|
0.098
|
|
Level 3 | Debt Securities, First Lien 12 | Discounted cash flow | Maximum | Terminal Cap Rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.083
|
|
Level 3 | Debt Securities, First Lien 12 | Discounted cash flow | Weighted Average | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.153
|
|
0.072
|
|
Level 3 | Debt Securities, First Lien 12 | Discounted cash flow | Weighted Average | Terminal Cap Rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.060
|
|
Level 3 | Debt Securities, First Lien 13 | Enterprise market & discounted cash flow approach and option pricing model |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Fair Value |
$ 5,922
|
|
|
|
Level 3 | Debt Securities, First Lien 13 | Enterprise market & discounted cash flow approach and option pricing model | Minimum | Expected volatility |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.300
|
|
|
|
Level 3 | Debt Securities, First Lien 13 | Enterprise market & discounted cash flow approach and option pricing model | Maximum | Expected volatility |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.400
|
|
|
|
Level 3 | Debt Securities, First Lien 13 | Enterprise market & discounted cash flow approach and option pricing model | Weighted Average | Expected volatility |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.400
|
|
|
|
Level 3 | Debt Securities, Second Lien 1 | Discounted cash flow |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Fair Value |
$ 651,091
|
|
$ 1,031,632
|
|
Level 3 | Debt Securities, Second Lien 1 | Discounted cash flow | Minimum | Market yield |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.110
|
|
0.083
|
|
Level 3 | Debt Securities, Second Lien 1 | Discounted cash flow | Maximum | Market yield |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.485
|
|
0.646
|
|
Level 3 | Debt Securities, Second Lien 1 | Discounted cash flow | Weighted Average | Market yield |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.156
|
|
0.153
|
|
Level 3 | Debt Securities, Second Lien 2 | Market approach |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Fair Value |
|
|
$ 1,948
|
|
Level 3 | Debt Securities, Second Lien 2 | Market approach | Minimum | EBITDA multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
4.5
|
|
Level 3 | Debt Securities, Second Lien 2 | Market approach | Maximum | EBITDA multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
5.5
|
|
Level 3 | Debt Securities, Second Lien 2 | Market approach | Weighted Average | EBITDA multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
5.0
|
|
Level 3 | Debt Securities, Second Lien 2 | Enterprise value waterfall |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Fair Value |
$ 54,997
|
|
|
|
Level 3 | Debt Securities, Second Lien 3 | Asset recovery analysis |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Fair Value |
$ 12,897
|
|
$ 10,289
|
|
Level 3 | Debt Securities, Second Lien 4 | Discounted cash flow | Minimum | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.145
|
|
|
|
Level 3 | Debt Securities, Second Lien 4 | Discounted cash flow | Maximum | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.165
|
|
|
|
Level 3 | Debt Securities, Second Lien 4 | Discounted cash flow | Weighted Average | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.155
|
|
|
|
Level 3 | Debt Securities, Second Lien 4 | Enterprise market and discounted cash flow approach |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Fair Value |
$ 7,387
|
|
|
|
Level 3 | Debt Securities, Second Lien 4 | Enterprise market and discounted cash flow approach | Minimum | EBITDA multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
4.8
|
|
|
|
Level 3 | Debt Securities, Second Lien 4 | Enterprise market and discounted cash flow approach | Maximum | EBITDA multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
7.8
|
|
|
|
Level 3 | Debt Securities, Second Lien 4 | Enterprise market and discounted cash flow approach | Weighted Average | EBITDA multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
6.3
|
|
|
|
Level 3 | Subordinated Structured Notes |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Fair Value |
$ 35,002
|
|
531,690
|
|
Level 3 | Subordinated Structured Notes | Discounted cash flow |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Fair Value |
$ 35,002
|
|
$ 531,690
|
|
Level 3 | Subordinated Structured Notes | Discounted cash flow | Minimum | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.160
|
|
0.054
|
|
Level 3 | Subordinated Structured Notes | Discounted cash flow | Maximum | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.602
|
|
0.208
|
|
Level 3 | Subordinated Structured Notes | Discounted cash flow | Weighted Average | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.177
|
|
0.117
|
|
Level 3 | Unsecured Debt |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Fair Value |
$ 5,403
|
|
$ 7,200
|
|
Level 3 | Unsecured Debt | Market approach |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Fair Value |
$ 5,403
|
|
$ 7,200
|
|
Level 3 | Unsecured Debt | Market approach | Minimum | EBITDA multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
5.8
|
|
5.8
|
|
Level 3 | Unsecured Debt | Market approach | Maximum | EBITDA multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
7.0
|
|
7.0
|
|
Level 3 | Unsecured Debt | Market approach | Weighted Average | EBITDA multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
7.0
|
|
6.4
|
|
Level 3 | Preferred Equity 1 | Market approach |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Fair Value |
$ 89,912
|
|
$ 8,287
|
|
Level 3 | Preferred Equity 1 | Market approach | Minimum | EBITDA multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
4.3
|
|
|
|
Level 3 | Preferred Equity 1 | Market approach | Minimum | Revenue multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.3
|
|
Level 3 | Preferred Equity 1 | Market approach | Maximum | EBITDA multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
11.3
|
|
|
|
Level 3 | Preferred Equity 1 | Market approach | Maximum | Revenue multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
2.0
|
|
Level 3 | Preferred Equity 1 | Market approach | Weighted Average | EBITDA multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
8.9
|
|
|
|
Level 3 | Preferred Equity 1 | Market approach | Weighted Average | Revenue multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
1.2
|
|
Level 3 | Preferred Equity 2 | Market approach |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Fair Value |
$ 21,092
|
|
$ 34,198
|
|
Level 3 | Preferred Equity 2 | Market approach | Minimum | EBITDA multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
3.3
|
|
3.3
|
|
Level 3 | Preferred Equity 2 | Market approach | Minimum | Expected volatility |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.550
|
|
|
|
Level 3 | Preferred Equity 2 | Market approach | Maximum | EBITDA multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
6.8
|
|
9.5
|
|
Level 3 | Preferred Equity 2 | Market approach | Maximum | Expected volatility |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.700
|
|
|
|
Level 3 | Preferred Equity 2 | Market approach | Weighted Average | EBITDA multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
5.3
|
|
8.9
|
|
Level 3 | Preferred Equity 2 | Market approach | Weighted Average | Expected volatility |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.652
|
|
|
|
Level 3 | Preferred Equity 3 | Discounted cash flow |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Fair Value |
|
|
$ 12,184
|
|
Level 3 | Preferred Equity 3 | Discounted cash flow | Minimum | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.058
|
|
Level 3 | Preferred Equity 3 | Discounted cash flow | Maximum | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.078
|
|
Level 3 | Preferred Equity 3 | Discounted cash flow | Weighted Average | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.068
|
|
Level 3 | Preferred Equity 3 | Enterprise market cash flow approach and option pricing model |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Fair Value |
$ 10,914
|
|
|
|
Level 3 | Preferred Equity 3 | Enterprise market cash flow approach and option pricing model | Minimum | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.060
|
|
|
|
Level 3 | Preferred Equity 3 | Enterprise market cash flow approach and option pricing model | Maximum | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.080
|
|
|
|
Level 3 | Preferred Equity 3 | Enterprise market cash flow approach and option pricing model | Weighted Average | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.060
|
|
|
|
Level 3 | Preferred Stock 4 | Market approach |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Fair Value |
$ 6,697
|
|
|
|
Level 3 | Preferred Stock 4 | Market approach | Minimum | Revenue multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.3
|
|
|
|
Level 3 | Preferred Stock 4 | Market approach | Maximum | Revenue multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
2.0
|
|
|
|
Level 3 | Preferred Stock 4 | Market approach | Weighted Average | Revenue multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
1.1
|
|
|
|
Level 3 | Liquidation Trust | Market approach |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Fair Value |
$ 6,500
|
|
|
|
Level 3 | Common Equity/Interests/Warrants 1 | Market approach |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Fair Value |
$ 454,847
|
|
$ 455,535
|
|
Level 3 | Common Equity/Interests/Warrants 1 | Market approach | Minimum | EBITDA multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
4.5
|
|
3.3
|
|
Level 3 | Common Equity/Interests/Warrants 1 | Market approach | Maximum | EBITDA multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
11.5
|
|
11.5
|
|
Level 3 | Common Equity/Interests/Warrants 1 | Market approach | Weighted Average | EBITDA multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
10.2
|
|
8.4
|
|
Level 3 | Common Equity/Interests/Warrants 2 | Discounted cash flow |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Fair Value |
$ 354,269
|
|
|
|
Level 3 | Common Equity/Interests/Warrants 2 | Discounted cash flow | Minimum | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.065
|
|
|
|
Level 3 | Common Equity/Interests/Warrants 2 | Discounted cash flow | Minimum | Terminal Cap Rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.053
|
|
|
|
Level 3 | Common Equity/Interests/Warrants 2 | Discounted cash flow | Maximum | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.103
|
|
|
|
Level 3 | Common Equity/Interests/Warrants 2 | Discounted cash flow | Maximum | Terminal Cap Rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.083
|
|
|
|
Level 3 | Common Equity/Interests/Warrants 2 | Discounted cash flow | Weighted Average | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.073
|
|
|
|
Level 3 | Common Equity/Interests/Warrants 2 | Discounted cash flow | Weighted Average | Terminal Cap Rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.060
|
|
|
|
Level 3 | Common Equity/Interests/Warrants 2 | Market approach |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Fair Value |
|
|
$ 3,923
|
|
Level 3 | Common Equity/Interests/Warrants 2 | Market approach | Minimum | Revenue multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.4
|
|
Level 3 | Common Equity/Interests/Warrants 2 | Market approach | Maximum | Revenue multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
1.5
|
|
Level 3 | Common Equity/Interests/Warrants 2 | Market approach | Weighted Average | Revenue multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.6
|
|
Level 3 | Common Equity/Interests/Warrants 3 | Discounted cash flow | Minimum | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.140
|
|
Level 3 | Common Equity/Interests/Warrants 3 | Discounted cash flow | Maximum | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.550
|
|
Level 3 | Common Equity/Interests/Warrants 3 | Discounted cash flow | Weighted Average | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.345
|
|
Level 3 | Common Equity/Interests/Warrants 3 | Enterprise market and discounted cash flow approach |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Fair Value |
|
|
$ 426
|
|
Level 3 | Common Equity/Interests/Warrants 3 | Market approach |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Fair Value |
$ 308,346
|
|
|
|
Level 3 | Common Equity/Interests/Warrants 3 | Market approach | Minimum | Revenue multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.9
|
|
Level 3 | Common Equity/Interests/Warrants 3 | Market approach | Minimum | Tangible book value multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
3.0
|
|
|
|
Level 3 | Common Equity/Interests/Warrants 3 | Market approach | Minimum | Earnings multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
8.0
|
|
|
|
Level 3 | Common Equity/Interests/Warrants 3 | Market approach | Maximum | Revenue multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
1.5
|
|
Level 3 | Common Equity/Interests/Warrants 3 | Market approach | Maximum | Tangible book value multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
3.5
|
|
|
|
Level 3 | Common Equity/Interests/Warrants 3 | Market approach | Maximum | Earnings multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
12.5
|
|
|
|
Level 3 | Common Equity/Interests/Warrants 3 | Market approach | Weighted Average | Revenue multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
1.2
|
|
Level 3 | Common Equity/Interests/Warrants 3 | Market approach | Weighted Average | Tangible book value multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
3.5
|
|
|
|
Level 3 | Common Equity/Interests/Warrants 3 | Market approach | Weighted Average | Earnings multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
12.5
|
|
|
|
Level 3 | Common Equity/Interests/Warrants 4 | Discounted cash flow | Minimum | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.093
|
|
Level 3 | Common Equity/Interests/Warrants 4 | Discounted cash flow | Maximum | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.113
|
|
Level 3 | Common Equity/Interests/Warrants 4 | Discounted cash flow | Weighted Average | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.103
|
|
Level 3 | Common Equity/Interests/Warrants 4 | Enterprise market and discounted cash flow approach |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Fair Value |
|
|
$ 147,455
|
|
Level 3 | Common Equity/Interests/Warrants 4 | Market approach | Minimum | EBITDA multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
10.5
|
|
Level 3 | Common Equity/Interests/Warrants 4 | Market approach | Maximum | EBITDA multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
12.5
|
|
Level 3 | Common Equity/Interests/Warrants 4 | Market approach | Weighted Average | EBITDA multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
11.5
|
|
Level 3 | Common Equity/Interests/Warrants 4 | Enterprise market & discounted cash flow approach and option pricing model |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Fair Value |
$ 42,484
|
|
|
|
Level 3 | Common Equity/Interests/Warrants 4 | Enterprise market & discounted cash flow approach and option pricing model | Minimum | EBITDA multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
7.0
|
|
|
|
Level 3 | Common Equity/Interests/Warrants 4 | Enterprise market & discounted cash flow approach and option pricing model | Minimum | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.160
|
|
|
|
Level 3 | Common Equity/Interests/Warrants 4 | Enterprise market & discounted cash flow approach and option pricing model | Maximum | EBITDA multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
12.8
|
|
|
|
Level 3 | Common Equity/Interests/Warrants 4 | Enterprise market & discounted cash flow approach and option pricing model | Maximum | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.388
|
|
|
|
Level 3 | Common Equity/Interests/Warrants 4 | Enterprise market & discounted cash flow approach and option pricing model | Weighted Average | EBITDA multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
11.8
|
|
|
|
Level 3 | Common Equity/Interests/Warrants 4 | Enterprise market & discounted cash flow approach and option pricing model | Weighted Average | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.368
|
|
|
|
Level 3 | Common Equity/Interests/Warrants 5 | Discounted cash flow |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Fair Value |
$ 32,206
|
|
|
|
Level 3 | Common Equity/Interests/Warrants 5 | Discounted cash flow | Minimum | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.065
|
|
|
|
Level 3 | Common Equity/Interests/Warrants 5 | Discounted cash flow | Minimum | Terminal Cap Rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
5.3
|
|
|
|
Level 3 | Common Equity/Interests/Warrants 5 | Discounted cash flow | Maximum | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.103
|
|
|
|
Level 3 | Common Equity/Interests/Warrants 5 | Discounted cash flow | Maximum | Terminal Cap Rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.083
|
|
|
|
Level 3 | Common Equity/Interests/Warrants 5 | Discounted cash flow | Weighted Average | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.073
|
|
|
|
Level 3 | Common Equity/Interests/Warrants 5 | Discounted cash flow | Weighted Average | Terminal Cap Rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.060
|
|
|
|
Level 3 | Common Equity/Interests/Warrants 5 | Enterprise value waterfall |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Fair Value |
|
|
$ 53,860
|
|
Level 3 | Common Equity/Interests/Warrants 5 | Enterprise value waterfall | Minimum | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.112
|
|
Level 3 | Common Equity/Interests/Warrants 5 | Enterprise value waterfall | Minimum | Loss-adjusted discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.082
|
|
Level 3 | Common Equity/Interests/Warrants 5 | Enterprise value waterfall | Minimum | Projected loss rates |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.030
|
|
Level 3 | Common Equity/Interests/Warrants 5 | Enterprise value waterfall | Maximum | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.291
|
|
Level 3 | Common Equity/Interests/Warrants 5 | Enterprise value waterfall | Maximum | Loss-adjusted discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.082
|
|
Level 3 | Common Equity/Interests/Warrants 5 | Enterprise value waterfall | Maximum | Projected loss rates |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.030
|
|
Level 3 | Common Equity/Interests/Warrants 5 | Enterprise value waterfall | Weighted Average | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.132
|
|
Level 3 | Common Equity/Interests/Warrants 5 | Enterprise value waterfall | Weighted Average | Loss-adjusted discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.082
|
|
Level 3 | Common Equity/Interests/Warrants 5 | Enterprise value waterfall | Weighted Average | Projected loss rates |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.030
|
|
Level 3 | Common Equity/Interests/Warrants 6 | Discounted cash flow |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Fair Value |
|
|
$ 46,193
|
|
Level 3 | Common Equity/Interests/Warrants 6 | Discounted cash flow | Minimum | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.063
|
|
Level 3 | Common Equity/Interests/Warrants 6 | Discounted cash flow | Minimum | Terminal Cap Rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.053
|
|
Level 3 | Common Equity/Interests/Warrants 6 | Discounted cash flow | Maximum | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.098
|
|
Level 3 | Common Equity/Interests/Warrants 6 | Discounted cash flow | Maximum | Terminal Cap Rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.083
|
|
Level 3 | Common Equity/Interests/Warrants 6 | Discounted cash flow | Weighted Average | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.072
|
|
Level 3 | Common Equity/Interests/Warrants 6 | Discounted cash flow | Weighted Average | Terminal Cap Rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.060
|
|
Level 3 | Common Equity/Interests/Warrants 6 | Enterprise market and discounted cash flow approach |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Fair Value |
$ 26,817
|
|
|
|
Level 3 | Common Equity/Interests/Warrants 6 | Enterprise market and discounted cash flow approach | Minimum | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.100
|
|
|
|
Level 3 | Common Equity/Interests/Warrants 6 | Enterprise market and discounted cash flow approach | Maximum | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.300
|
|
|
|
Level 3 | Common Equity/Interests/Warrants 6 | Enterprise market and discounted cash flow approach | Weighted Average | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.155
|
|
|
|
Level 3 | Common Equity/Interests/Warrants 7 | Market approach |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Fair Value |
|
|
$ 10,592
|
|
Level 3 | Common Equity/Interests/Warrants 7 | Market approach | Minimum | Tangible book value multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
1
|
|
Level 3 | Common Equity/Interests/Warrants 7 | Market approach | Maximum | Tangible book value multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
2.1
|
|
Level 3 | Common Equity/Interests/Warrants 7 | Market approach | Weighted Average | Tangible book value multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
1.2
|
|
Level 3 | Common Equity/Interests/Warrants 7 | Enterprise value waterfall |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Fair Value |
$ 22,289
|
|
|
|
Level 3 | Common Equity/Interests/Warrants 8 | Market approach |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Fair Value |
|
|
$ 180,936
|
|
Level 3 | Common Equity/Interests/Warrants 8 | Market approach | Minimum | Tangible book value multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
2.5
|
|
Level 3 | Common Equity/Interests/Warrants 8 | Market approach | Minimum | Earnings multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
9.0
|
|
Level 3 | Common Equity/Interests/Warrants 8 | Market approach | Maximum | Tangible book value multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
3.0
|
|
Level 3 | Common Equity/Interests/Warrants 8 | Market approach | Maximum | Earnings multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
12.0
|
|
Level 3 | Common Equity/Interests/Warrants 8 | Market approach | Weighted Average | Tangible book value multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
2.7
|
|
Level 3 | Common Equity/Interests/Warrants 8 | Market approach | Weighted Average | Earnings multiple |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
10.5
|
|
Level 3 | Common Equity/Interests/Warrants 8 | Enterprise value waterfall |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Fair Value |
$ 11,880
|
|
|
|
Level 3 | Common Equity/Interests/Warrants 8 | Enterprise value waterfall | Minimum | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.123
|
|
|
|
Level 3 | Common Equity/Interests/Warrants 8 | Enterprise value waterfall | Maximum | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.160
|
|
|
|
Level 3 | Common Equity/Interests/Warrants 8 | Enterprise value waterfall | Weighted Average | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.130
|
|
|
|
Level 3 | Common Equity/Interests/Warrants 9 | Discounted cash flow |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Fair Value |
|
|
$ 508,128
|
|
Level 3 | Common Equity/Interests/Warrants 9 | Discounted cash flow | Minimum | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.063
|
|
Level 3 | Common Equity/Interests/Warrants 9 | Discounted cash flow | Minimum | Terminal Cap Rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.053
|
|
Level 3 | Common Equity/Interests/Warrants 9 | Discounted cash flow | Maximum | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.098
|
|
Level 3 | Common Equity/Interests/Warrants 9 | Discounted cash flow | Maximum | Terminal Cap Rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.083
|
|
Level 3 | Common Equity/Interests/Warrants 9 | Discounted cash flow | Weighted Average | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.072
|
|
Level 3 | Common Equity/Interests/Warrants 9 | Discounted cash flow | Weighted Average | Terminal Cap Rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
|
|
0.060
|
|
Level 3 | Common Equity/Interests/Warrants 9 | Asset recovery analysis |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Fair Value |
$ 11,660
|
|
|
|
Level 3 | Common Equity/Interests/Warrants 10 | Discounted cash flow |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Fair Value |
$ 4,614
|
|
$ 5,105
|
|
Level 3 | Common Equity/Interests/Warrants 10 | Discounted cash flow | Minimum | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.200
|
|
0.185
|
|
Level 3 | Common Equity/Interests/Warrants 10 | Discounted cash flow | Maximum | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.300
|
|
0.300
|
|
Level 3 | Common Equity/Interests/Warrants 10 | Discounted cash flow | Weighted Average | Discount rate |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Unobservable Input |
0.205
|
|
0.228
|
|
Level 3 | Common Equity/Interests/Warrants 11 | Asset recovery analysis |
|
|
|
|
Fair Value Measurement Inputs and Valuation Techniques [Line Items] |
|
|
|
|
Fair Value |
|
|
$ 12,651
|
|
|
|