Derivatives (Tables)

3 Months Ended

Mar. 31, 2026

Derivative Instruments and Hedging Activities Disclosure [Abstract]

The table below presents the average notional amounts, as an indicator for volume, for each derivative type:


	For the Three Months Ended
	March 31, 2026		March 31, 2025
Foreign Currency Forward Contracts	$	2,849	$	2,661
Interest Rate Swaps	$	1,100,000	$	—

Schedule of Foreign Currency Forward Contracts

The table below presents the gross fair value of derivative contracts by major product type, the amounts of counterparty and cash collateral netting in the Consolidated Statements of Assets and Liabilities.


March 31, 2026
	Derivative Assets						Derivative Liabilities
Counterparty	Foreign currency forward contracts		Interest rate swaps		Total		Foreign currency forward contracts		Interest rate swaps			Total			Net Derivative Asset (Liabilities)			Cash collateral netting(1)		Net Amount(2)
Bank of America, N.A.	$	51	$	—	$	51	$	—	$	(6,602	)	$	(6,602	)	$	(6,551	)	$	6,551	$	—
BNP Paribas	$	—	$	—	$	—	$	—	$	(1,397	)	$	(1,397	)	$	(1,397	)	$	1,397	$	—


December 31, 2025
	Derivative Assets						Derivative Liabilities
Counterparty	Foreign currency forward contracts		Interest rate swaps		Total		Foreign currency forward contracts			Interest rate swaps			Total			Net Derivative Asset (Liabilities)			Cash collateral netting(1)		Net Amount(2)
Bank of America, N.A.	$	—	$	607	$	607	$	(252	)	$	(3,570	)	$	(3,822	)	$	(3,215	)	$	3,215	$	—

(1)

Amount excludes excess cash collateral received or paid, if any.

(2)

Net amount represents the net amount due (to) from counterparty in the event of a default based on the contractual offset rights under the agreement. Net amount excludes any over-collateralized amounts.

Schedule of Effect of Transactions in Foreign Currency Forward Contracts

As the Company does not utilize hedge accounting for foreign currency forward contracts, the effect of transactions in foreign currency forward contracts on the Consolidated Statements of Operations was as follows:


	For the Three Months Ended
	March 31, 2026			March 31, 2025
Net realized gain (loss) on foreign currency forward contracts	$	(253	)	$	—
Net change in unrealized appreciation (depreciation) on foreign currency forward contracts		303			(89	)
Total net realized and unrealized gains (losses) on foreign currency forward contracts	$	50		$	(89	)

Summary Of Hedging Instruments Recorded In Interest Expense

The table below presents the impact to the Consolidated Statements of Operations from derivative assets and liabilities designated in a qualifying hedge accounting relationship:


	For the Three Months Ended
	March 31, 2026			March 31, 2025
Interest rate swaps	$	(5,036	)	$	—
Hedged liabilities		5,108			—

Summary of Carrying Value Of Unsecured Borrowings With Hedging Relationships

The table below presents the carrying value of unsecured borrowings that are designated in a qualifying fair value hedging relationship and the related cumulative hedging adjustments (increase/(decrease)) from current and prior hedging relationships included in such carrying values:


	March 31, 2026					December 31, 2025
	Carrying Value		Cumulative hedging adjustments			Carrying Value		Cumulative hedging adjustments
Hedged liabilities	$	1,177,659	$	(8,069	)	$	788,949	$	(2,961	)