v3.26.1
Investments (Tables)
 3 Months Ended
Mar. 31, 2026
Schedule of Investments [Abstract]  
Schedule of Investment Holdings, Investments
The composition of the Company’s investment portfolio at cost and fair value was as follows:

March 31, 2026December 31, 2025
Amortized CostFair Value% of Total Investments at Fair ValueAmortized CostFair Value% of Total Investments at Fair Value
First lien debt$23,898,649 $23,859,681 95.41 %$24,169,132 $24,395,495 96.29 %
Second lien debt26,949 27,742 0.11 26,807 27,881 0.11 
Other secured debt228,881 228,097 0.91 223,932 226,763 0.89 
Unsecured debt55,441 54,450 0.22 60,746 60,145 0.24 
Structured finance investments86,290 84,203 0.34 88,264 88,664 0.35 
Investments in joint ventures421,029 426,214 1.70 402,400 416,244 1.64 
Equity investments345,907 327,466 1.31 138,127 122,228 0.48 
Total$25,063,146 $25,007,853 100.00 %$25,109,408 $25,337,420 100.00 %

The industry composition of investments at fair value as of March 31, 2026 as compared to December 31, 2025 was as follows:

March 31, 2026December 31, 2025
Fair Value% of Total Investments at Fair ValueFair Value% of Total Investments at Fair Value
Aerospace & Defense $1,556,344 6.22 %$1,301,763 5.13 %
Air Freight & Logistics 84,879 0.34 85,553 0.34 
Asset Based Lending and Fund Finance 117,751 0.47 124,203 0.49 
Automobile Components 177,345 0.71 290,110 1.14 
Beverages97,638 0.39 97,885 0.39 
Broadline Retail 25,304 0.10 24,963 0.10 
Building Products 264,197 1.05 268,827 1.06 
Capital Markets 345,860 1.38 341,877 1.35 
Chemicals 164,252 0.66 167,441 0.66 
Commercial Services & Supplies 1,244,800 4.98 1,231,788 4.86 
Communications Equipment 54,212 0.22 55,553 0.22 
Construction & Engineering 118,124 0.47 119,092 0.47 
Consumer Finance 21,947 0.09 25,681 0.10 
Consumer Staples Distribution & Retail 514,425 2.06 522,725 2.06 
Containers & Packaging 197,249 0.79 200,903 0.79 
Distributors 7,729 0.03 14,157 0.06 
Diversified Consumer Services 781,804 3.12 767,302 3.03 
Diversified Telecommunication Services 16,658 0.07 17,123 0.07 
Electric Utilities 76,753 0.31 77,049 0.30 
Electrical Equipment 126,980 0.51 127,336 0.50 
Electronic Equipment, Instruments & Components 251,855 1.01 268,724 1.06 
Energy Equipment & Services 72,217 0.29 72,426 0.29 
Entertainment 550,663 2.20 585,906 2.31 
Financial Services 1,565,064 6.26 1,401,386 5.53 
Food Products 178,073 0.71 176,572 0.70 
Gas Utilities 38,968 0.15 39,404 0.16 
Health Care Equipment & Supplies 986,594 3.95 993,028 3.92 
Health Care Providers & Services 3,284,678 13.13 3,170,872 12.50 
Health Care Technology 109,164 0.44 110,869 0.44 
Hotels, Restaurants & Leisure 830,250 3.32 820,147 3.24 
March 31, 2026December 31, 2025
Fair Value% of Total Investments at Fair ValueFair Value% of Total Investments at Fair Value
Household Durables 67,755 0.27 67,521 0.27 
Independent Power and Renewable Electricity Producers 300,162 1.20 286,297 1.13 
Insurance 616,378 2.46 677,379 2.67 
Interactive Media & Services 194,249 0.78 148,774 0.59 
Investments in Joint Ventures 426,214 1.70 416,244 1.64 
IT Services 476,174 1.90 488,782 1.93 
Life Sciences Tools & Services 894,910 3.58 890,883 3.52 
Machinery 323,734 1.29 306,321 1.21 
Media 236,820 0.95 406,502 1.60 
Metals & Mining 211,859 0.85 213,890 0.84 
Multi-Utilities 4,336 0.02 4,289 0.02 
Oil, Gas & Consumable Fuels 832 0.00 3,471 0.01 
Personal Care Products 182,518 0.73 186,685 0.74 
Pharmaceuticals 649,742 2.60 623,138 2.46 
Professional Services 1,018,906 4.07 1,030,406 4.07 
Real Estate Management & Development 102,060 0.41 103,592 0.41 
Semiconductors & Semiconductor Equipment 11,772 0.05 12,076 0.05 
Software 4,344,840 17.37 4,772,683 18.83 
Specialty Retail 339,195 1.36 378,996 1.50 
Structured Finance 84,203 0.34 88,664 0.35 
Textiles, Apparel & Luxury Goods 60,062 0.24 54,864 0.22 
Trading Companies & Distributors 281,636 1.13 282,786 1.12 
Transportation Infrastructure 84,973 0.34 86,929 0.34 
Wireless Telecommunication Services 232,746 0.93 305,583 1.21 
Total$25,007,853 100.00 %$25,337,420 100.00 %
The geographic composition of investments at cost and fair value was as follows:

March 31, 2026
Amortized CostFair Value% of Total Investments at Fair ValueFair Value as % of Net Assets
United States$20,899,378 $20,702,850 82.78 %166.49 %
United Kingdom1,534,392 1,599,875 6.40 12.87 
Sweden552,156 566,310 2.26 4.55 
Spain310,710 331,602 1.33 2.67 
Australia313,343 313,719 1.25 2.52 
Germany261,623 276,467 1.11 2.22 
France254,743 265,342 1.06 2.13 
Canada262,767 259,062 1.04 2.08 
Austria152,711 168,355 0.67 1.35 
Belgium164,267 163,442 0.65 1.31 
Lithuania135,242 134,559 0.54 1.08 
Taiwan49,741 50,202 0.20 0.40 
Italy50,756 48,892 0.20 0.39 
Israel45,388 44,389 0.18 0.36 
Czech Republic37,711 43,056 0.17 0.35 
Singapore33,257 34,946 0.14 0.28 
Ireland2,941 2,762 0.01 0.02 
Netherlands2,020 2,023 0.01 0.02 
Total$25,063,146 $25,007,853 100.00 %201.09 %

December 31, 2025
Amortized CostFair Value% of Total Investments at Fair ValueFair Value as % of Net Assets
United States$20,799,766 $20,802,415 82.10 %167.26 %
United Kingdom1,699,572 1,802,207 7.11 14.49 
Sweden549,232 577,532 2.28 4.64 
Australia398,668 401,762 1.59 3.23 
France287,473 305,802 1.21 2.46 
Spain259,311 287,386 1.13 2.31 
Germany247,547 267,864 1.06 2.15 
Canada176,733 176,307 0.70 1.42 
Austria151,387 170,687 0.67 1.37 
Belgium164,159 165,484 0.65 1.33 
Lithuania135,156 137,800 0.54 1.11 
Czech Republic54,856 63,706 0.25 0.51 
Taiwan49,155 49,685 0.20 0.40 
Israel45,378 45,382 0.18 0.36 
Italy52,597 43,184 0.17 0.35 
Singapore33,198 34,946 0.14 0.28 
Ireland2,947 2,973 0.01 0.02 
Netherlands2,273 2,298 0.01 0.02 
Total$25,109,408 $25,337,420 100.00 %203.71 %