Derivatives (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Derivative Instruments and Hedging Activities Disclosure [Abstract] |
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| Schedule of Average Notional Amounts |
The table below presents the average notional amounts, as an indicator for volume, for each derivative type:
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For the Three Months Ended |
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For the Six Months Ended |
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June 30, 2026 |
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June 30, 2025 |
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June 30, 2026 |
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June 30, 2025 |
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Foreign Currency Forward Contracts |
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$ |
4,357 |
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$ |
2,661 |
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$ |
3,702 |
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$ |
2,661 |
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Interest Rate Swaps |
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$ |
1,200,000 |
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$ |
— |
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$ |
1,142,857 |
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$ |
— |
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| 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.
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June 30, 2026 |
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Derivative Assets |
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Derivative Liabilities |
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Counterparty |
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Foreign currency forward contracts |
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Interest rate swaps |
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Total |
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Foreign currency forward contracts |
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Interest rate swaps |
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Total |
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Net Derivative Asset (Liabilities) |
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Cash collateral netting(1) |
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Net Amount(2) |
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Bank of America, N.A. |
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$ |
64 |
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$ |
— |
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$ |
64 |
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$ |
(2 |
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$ |
(11,517 |
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$ |
(11,519 |
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$ |
(11,455 |
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$ |
11,455 |
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$ |
— |
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BNP Paribas |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
(4,933 |
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$ |
(4,933 |
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$ |
(4,933 |
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$ |
4,933 |
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$ |
— |
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December 31, 2025 |
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Derivative Assets |
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Derivative Liabilities |
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Counterparty |
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Foreign currency forward contracts |
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Interest rate swaps |
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Total |
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Foreign currency forward contracts |
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Interest rate swaps |
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Total |
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Net Derivative Asset (Liabilities) |
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Cash collateral netting(1) |
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Net Amount(2) |
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Bank of America, N.A. |
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$ |
— |
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$ |
607 |
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$ |
607 |
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$ |
(252 |
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$ |
(3,570 |
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$ |
(3,822 |
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$ |
(3,215 |
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$ |
3,215 |
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$ |
— |
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(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.
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| 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:
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For the Three Months Ended |
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For the Six Months Ended |
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June 30, 2026 |
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June 30, 2025 |
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June 30, 2026 |
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June 30, 2025 |
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Net realized gain (loss) on foreign currency forward contracts |
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$ |
(20 |
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$ |
— |
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$ |
(273 |
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$ |
— |
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Net change in unrealized appreciation (depreciation) on foreign currency forward contracts |
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11 |
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(181 |
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314 |
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(270 |
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Total net realized and unrealized gains (losses) on foreign currency forward contracts |
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$ |
(9 |
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$ |
(181 |
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$ |
41 |
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$ |
(270 |
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| 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:
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For the Three Months Ended |
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For the Six Months Ended |
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June 30, 2026 |
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June 30, 2025 |
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June 30, 2026 |
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June 30, 2025 |
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Interest rate swaps |
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$ |
(8,451 |
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$ |
— |
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$ |
(13,487 |
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$ |
— |
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Hedged liabilities |
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8,487 |
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— |
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13,595 |
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— |
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| 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:
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June 30, 2026 |
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December 31, 2025 |
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Carrying Value |
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Cumulative hedging adjustments |
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Carrying Value |
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Cumulative hedging adjustments |
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Hedged liabilities |
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$ |
1,170,667 |
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$ |
(16,556 |
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$ |
788,949 |
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$ |
(2,961 |
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