v3.25.4
Investments - Schedule of Composition of the Company's Investment Portfolio by Geographic Region, at Amortized Cost and Fair Value (with Corresponding Percentage of Total Portfolio Investments) (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Investments    
Amortized cost $ 5,913,363 [1] $ 4,002,785 [2]
Fair value $ 5,819,755 [1],[3] $ 4,008,973 [2],[4]
Concentration risk, percentage   100.00%
Investment Owned, At Cost | Geographic Concentration Risk    
Investments    
Concentration risk, percentage 100.00% 100.00%
Investment Owned, At Fair Value | Geographic Concentration Risk    
Investments    
Concentration risk, percentage 100.00% 100.00%
Midwest    
Investments    
Amortized cost $ 1,093,220 $ 697,246
Fair value $ 1,007,605 $ 689,362
Midwest | Investment Owned, At Cost | Geographic Concentration Risk    
Investments    
Concentration risk, percentage 18.50% 17.40%
Midwest | Investment Owned, At Fair Value | Geographic Concentration Risk    
Investments    
Concentration risk, percentage 17.30% 17.20%
Northeast    
Investments    
Amortized cost $ 1,337,031 $ 919,569
Fair value $ 1,345,901 $ 920,544
Northeast | Investment Owned, At Cost | Geographic Concentration Risk    
Investments    
Concentration risk, percentage 22.60% 23.00%
Northeast | Investment Owned, At Fair Value | Geographic Concentration Risk    
Investments    
Concentration risk, percentage 23.10% 23.00%
Northwest    
Investments    
Amortized cost $ 106,019 $ 81,085
Fair value $ 108,809 $ 83,285
Northwest | Investment Owned, At Cost | Geographic Concentration Risk    
Investments    
Concentration risk, percentage 1.80% 2.00%
Northwest | Investment Owned, At Fair Value | Geographic Concentration Risk    
Investments    
Concentration risk, percentage 1.90% 2.10%
Southeast    
Investments    
Amortized cost $ 1,431,430 $ 985,353
Fair value $ 1,471,723 $ 1,006,155
Southeast | Investment Owned, At Cost | Geographic Concentration Risk    
Investments    
Concentration risk, percentage 24.20% 24.60%
Southeast | Investment Owned, At Fair Value | Geographic Concentration Risk    
Investments    
Concentration risk, percentage 25.30% 25.10%
Southwest    
Investments    
Amortized cost $ 602,184 $ 489,467
Fair value $ 578,702 $ 494,694
Southwest | Investment Owned, At Cost | Geographic Concentration Risk    
Investments    
Concentration risk, percentage 10.20% 12.20%
Southwest | Investment Owned, At Fair Value | Geographic Concentration Risk    
Investments    
Concentration risk, percentage 9.90% 12.30%
West    
Investments    
Amortized cost $ 1,075,499 $ 643,709
Fair value $ 1,044,597 $ 636,530
West | Investment Owned, At Cost | Geographic Concentration Risk    
Investments    
Concentration risk, percentage 18.30% 16.10%
West | Investment Owned, At Fair Value | Geographic Concentration Risk    
Investments    
Concentration risk, percentage 18.00% 15.90%
International    
Investments    
Amortized cost $ 267,980 $ 186,356
Fair value $ 262,418 $ 178,403
International | Investment Owned, At Cost | Geographic Concentration Risk    
Investments    
Concentration risk, percentage 4.40% 4.70%
International | Investment Owned, At Fair Value | Geographic Concentration Risk    
Investments    
Concentration risk, percentage 4.50% 4.40%
[1] All of the Company’s investments are issued by eligible portfolio companies, as defined in the Investment Company Act of 1940, as amended, (the “1940 Act”), unless otherwise noted. All of the Company’s investments are issued by U.S. portfolio companies unless otherwise noted.
[2] All of the Company’s investments are issued by eligible portfolio companies, as defined in the Investment Company Act of 1940, as amended, (the “1940 Act”), unless otherwise noted. All of the Company’s investments are issued by U.S. portfolio companies unless otherwise noted.
[3] Except as otherwise noted, because there is no readily available market value for these investments, the fair value of each of these investments is determined in good faith using significant unobservable inputs by the Valuation Designee. (See Note 4 in the accompanying notes to the consolidated financial statements).
[4] Except as otherwise noted, because there is no readily available market value for these investments, the fair value of each of these investments is determined in good faith using significant unobservable inputs by the Valuation Designee. (See Note 4 in the accompanying notes to the consolidated financial statements).