v3.25.4
Investments (Tables)
 12 Months Ended
Dec. 31, 2025
Schedule of Investments [Abstract]  
Schedule of Investments
At December 31, 2025, the Company's investments consisted of the following:
Investment Cost and Fair Value by Type
 CostFair Value
First lien$1,473,620 $1,462,772 
Second lien20,653 19,288 
Subordinated11,423 11,549 
Equity and other19,445 18,489 
Total investments$1,525,141 $1,512,098 
Investment Cost and Fair Value by Industry
 Cost (1)Fair Value (1)
Business Services$483,935 $484,215 
Software356,465 356,217 
Financial Services & Technology238,890 239,885 
Healthcare221,363 210,328 
Consumer Services79,607 79,612 
Education34,808 33,269 
Distribution & Logistics31,396 31,065 
Packaging25,052 23,653 
Business Products21,408 21,626 
Consumer Products16,243 16,243 
Food & Beverage9,707 9,698 
Specialty Chemicals & Materials6,267 6,287 
Total investments$1,525,141 $1,512,098 
(1)During the year ended December 31, 2025, the Company updated its investment industry classification to better reflect the business mix of underlying portfolio companies. The Consolidated Schedule of Investments as of December 31, 2024, as well as the industry composition of investments as of December 31, 2024 has been updated to conform to the classifications used to prepare the consolidated financial statements as of and for the year ended December 31, 2025.
At December 31, 2024, the Company's investments consisted of the following:
Investment Cost and Fair Value by Type
 CostFair Value
First lien$1,408,830 $1,404,867 
Second lien31,354 29,959 
Subordinated4,756 4,766 
Equity and other6,065 6,063 
Total investments$1,451,005 $1,445,655 
Investment Cost and Fair Value by Industry
 Cost (1)Fair Value (1)
Software$434,127 $435,576 
Business Services376,770 374,000 
Healthcare235,811 230,525 
Financial Services & Technology204,730 205,693 
Consumer Services64,686 65,029 
Distribution & Logistics29,933 29,464 
Food & Beverage24,488 26,649 
Education24,798 24,784 
Consumer Products22,804 20,894 
Packaging18,322 18,436 
Business Products8,427 8,496 
Specialty Chemicals & Materials6,109 6,109 
Total investments$1,451,005 $1,445,655 
(1)During the year ended December 31, 2025, the Company updated its investment industry classification to better reflect the business mix of underlying portfolio companies. The Consolidated Schedule of Investments as of December 31, 2024, as well as the industry composition of investments as of December 31, 2024 has been updated to conform to the classifications used to prepare the consolidated financial statements as of and for the year ended December 31, 2025.