v3.25.4
INVESTMENTS (Tables)
12 Months Ended
Dec. 31, 2025
Schedule of Investments [Abstract]  
Schedule of Investments and Industrial And Geographic Compositions As A Percentage
As of December 31, 2025 and 2024, investments consisted of the following:
As of December 31,
20252024
CostFair ValueCostFair Value
Common equity$2,049,696 $2,168,096 $— $— 
Other equity340,995 354,399 347,531 339,136 
First lien senior secured loans507,515 508,273 — — 
Senior subordinated loans90,449 89,618 — — 
Total investments$2,988,655 $3,120,386 $347,531 $339,136 
Derivative contracts, at fair value (asset)$— $9,358 $— $10,414 
Derivative contracts, at fair value (liability)— (6,274)— (824)
Total derivative contracts$ $3,084 $ $9,590 

The Fund uses Global Industry Classification Standards for classifying the industry groupings of its portfolio companies. The industrial and geographic compositions as a percentage of the Fund’s portfolio at fair value as of December 31, 2025 and 2024 were as follows:    
As of December 31,
20252024
Industry
Independent power and renewable electricity producers73.8 %100.0 %
Oil, gas and consumable fuels12.5 %— %
IT services7.0 %— %
Electric utilities3.9 %— %
Specialized REITs1.1 %— %
Software0.6 %— %
Health care technology0.2 %— %
Electrical equipment0.2 %— %
Chemicals0.2 %— %
Multi-utilities0.2 %— %
Commercial services and supplies0.2 %— %
Machinery0.1 %— %
Insurance— %— %
Total100.0 %100.0 %
As of December 31,
20252024
Geographic region
United States100.0 %100.0 %
Total100.0 %100.0 %
Schedule of Summarized Financial Information Accordingly, the summarized financial information for Meade Pipeline Co LLC is as follows:
Selected Balance Sheet InformationAs of December 31, 2025
Total assets$1,103,593 
Total liabilities612,864 
Selected Income Statement Information
For the period from September 22, 2025 to December 31, 2025(1)
Revenue$29,010 
Net income17,945
(1) Meade Pipeline Co LLC was acquired by the Fund on September 22, 2025.