v3.26.1
Derivative Instruments
 6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Instruments Derivative Instruments
The Company enters into derivative instruments from time to time to help mitigate its foreign currency risk exposures. See “Note 6 – Fair Value of Investments” for additional disclosures related to the fair value hierarchy for derivative instruments.
The table below presents the fair value and notional value of the derivative assets and liabilities for the following periods:

As of June 30, 2026
As of December 31, 2025
CounterpartyNotional AmountAssetsLiabilitiesNotional AmountAssetsLiabilities
Derivatives not designated as hedges:(1)
Foreign currency forward contract GBPSMBC Capital Markets, Inc.£7,800 $10,567 $(10,345)£7,800 $10,320 $(10,509)
Foreign currency forward contract EURSMBC Capital Markets, Inc.€38,636 45,233 (44,450)€16,482 19,286 (19,526)
Total Derivatives not Designated as Hedges$55,800 $(54,795)$29,606 $(30,035)
(1)The net fair value of the derivatives designated is recorded in prepaid expenses and other assets or accrued expenses and other liabilities in the Consolidated Statements of Assets and Liabilities.
The table below presents net unrealized gains and losses on derivative instruments not designated as a qualifying hedge accounting relationship recognized by the Company for the following periods:
For the Three Months Ended June 30,
For the Six Months Ended June 30,
2026
2026
Derivatives not designated as hedges:
Foreign currency forward contract GBP$108 $411 
Foreign currency forward contract EUR632 1,023 
Total Net Change in Unrealized Gain (Loss)(1)
740 1,434 
_______________
(1)     Recorded and recognized as components of translation of assets and liabilities in foreign currencies and other transactions in the Consolidated Statements of Operations.
The Company did not hold any foreign currency forward contracts for the three and six months ended June 30, 2025.