The following tables show the composition of the Company’s investment portfolio, at amortized cost and fair value (with corresponding percentage of total portfolio investments) as of June 30, 2026 and December 31, 2025:


	June 30, 2026				December 31, 2025
Amortized Cost:
Senior secured loans	$	5,129,703	84.9	%	$	5,109,431	86.4	%
Unitranche secured loans	20,323		0.3		35,221		0.6
Junior secured loans	436,721		7.2		361,428		6.1
Equity investments	460,711		7.6		407,283		6.9
Total	$	6,047,458	100.0	%	$	5,913,363	100.0	%


	June 30, 2026				December 31, 2025
Fair Value:
Senior secured loans	$	5,097,614	85.6	%	$	5,090,861	87.4	%
Unitranche secured loans	20,360		0.3		35,414		0.6
Junior secured loans	343,146		5.8		277,025		4.8
Equity investments	495,297		8.3		416,455		7.2
Total	$	5,956,417	100.0	%	$	5,819,755	100.0	%

The following tables show the composition of the Company’s investment portfolio by geographic region, at amortized cost and fair value (with corresponding percentage of total portfolio investments) as of June 30, 2026 and December 31, 2025. The geographic composition is determined by the location of the corporate headquarters of the portfolio company, which may not be indicative of the primary source of the portfolio company’s business:


	June 30, 2026				December 31, 2025
Amortized Cost:
United States:
Midwest	$	1,136,773	18.8	%	$	1,093,220	18.5	%
Northeast	1,362,846		22.5		1,337,031		22.6
Northwest	75,707		1.3		106,019		1.8
Southeast	1,608,784		26.6		1,431,430		24.2
Southwest	624,875		10.3		602,184		10.2
West	996,440		16.5		1,075,499		18.3
International	242,033		4.0		267,980		4.4
Total	$	6,047,458	100.0	%	$	5,913,363	100.0	%


	June 30, 2026				December 31, 2025
Fair Value:
United States:
Midwest	$	1,037,355	17.4	%	$	1,007,605	17.3	%
Northeast	1,372,631		23.0		1,345,901		23.1
Northwest	75,688		1.3		108,809		1.9
Southeast	1,644,829		27.6		1,471,723		25.3
Southwest	605,685		10.2		578,702		9.9
West	980,373		16.5		1,044,597		18.0
International	239,856		4.0		262,418		4.5
Total	$	5,956,417	100.0	%	$	5,819,755	100.0	%

The following tables show the composition of the Company’s investment portfolio by industry, at amortized cost and fair value (with corresponding percentage of total portfolio investments) as of June 30, 2026 and December 31, 2025:


	June 30, 2026				December 31, 2025
Amortized Cost:
Aerospace & Defense	$	46,743	0.8	%	$	41,610	0.7	%
Automotive	141,136		2.3		132,579		2.2
Banking	54,004		0.9		46,932		0.8
Beverage, Food & Tobacco	146,619		2.4		146,450		2.5
Capital Equipment	214,674		3.6		278,579		4.7
Chemicals, Plastics & Rubber	59,603		1.0		53,586		0.9
Construction & Building	306,665		5.1		275,448		4.7
Consumer Goods: Durable	82,844		1.4		87,104		1.5
Consumer Goods: Non-Durable	76,966		1.3		87,121		1.5
Containers, Packaging & Glass	78,795		1.3		57,824		1.0
Energy: Oil & Gas	132		0.0 *		132		0.0 *
Environmental Industries	48,944		0.8		101,103		1.7
FIRE: Finance	407,087		6.7		395,159		6.7
FIRE: Real Estate	267,327		4.4		170,649		2.9
Healthcare & Pharmaceuticals	934,223		15.4		831,390		14.1
High Tech Industries	804,210		13.3		765,255		12.9
Hotels, Gaming & Leisure	—		—		95		0.0 *
Media: Advertising, Printing & Publishing	254,529		4.2		327,320		5.4
Media: Broadcasting & Subscription	4,084		0.1		3,448		0.1
Media: Diversified & Production	84,497		1.4		92,892		1.5
Retail	15,446		0.3		14,448		0.2
Services: Business	1,320,077		21.8		1,276,711		21.6
Services: Consumer	361,180		6.0		341,755		5.8
Telecommunications	86,769		1.4		129,104		2.2
Transportation: Cargo	201,004		3.3		211,690		3.6
Transportation: Consumer	6,104		0.1		—		—
Utilities: Electric	4,504		0.1		4,504		0.1
Wholesale	39,292		0.6		40,475		0.7
Total	$	6,047,458	100.0	%	$	5,913,363	100.0	%


	June 30, 2026				December 31, 2025
Fair Value:
Aerospace & Defense	$	49,259	0.8	%	$	40,434	0.7	%
Automotive	68,156		1.2		61,039		1.0
Banking	47,619		0.8		40,681		0.7
Beverage, Food & Tobacco	150,690		2.5		145,549		2.5
Capital Equipment	203,876		3.4		272,138		4.7
Chemicals, Plastics & Rubber	60,254		1.0		53,692		0.9
Construction & Building	311,135		5.2		282,687		4.9
Consumer Goods: Durable	55,590		0.9		54,861		0.9
Consumer Goods: Non-Durable	71,894		1.2		80,235		1.4
Containers, Packaging & Glass	77,039		1.3		57,516		1.0
Energy: Oil & Gas	157		0.0 *		133		0.0 *
Environmental Industries	48,067		0.8		100,594		1.7
FIRE: Finance	413,583		7.0		401,245		6.9
FIRE: Real Estate	269,533		4.5		173,367		3.0
Healthcare & Pharmaceuticals	925,140		15.5		822,082		14.1
High Tech Industries	792,829		13.3		768,219		13.2
Hotels, Gaming & Leisure	—		—		122		0.0 *
Media: Advertising, Printing & Publishing	248,702		4.2		324,332		5.6
Media: Broadcasting & Subscription	1,173		0.0 *		523		0.0 *
Media: Diversified & Production	82,257		1.4		88,577		1.5
Retail	15,603		0.3		14,624		0.3
Services: Business	1,339,891		22.5		1,299,308		22.3
Services: Consumer	360,835		6.1		338,841		5.8
Telecommunications	82,360		1.4		122,038		2.1
Transportation: Cargo	199,020		3.3		201,888		3.5
Transportation: Consumer	6,162		0.1		—		—
Utilities: Electric	37,277		0.6		36,030		0.6
Wholesale	38,316		0.7		39,000		0.7
Total	$	5,956,417	100.0	%	$	5,819,755	100.0	%

_______________________________________________________

*Represents an amount less than 0.1%.

Unconsolidated Significant Subsidiaries

In accordance with Rules 3-09 and 4-08(g) of Regulation S-X, the Company must determine which of its unconsolidated controlled portfolio companies, if any, are considered "significant subsidiaries." In evaluating its unconsolidated controlled portfolio companies in accordance with Regulation S-X, there are two tests the Company utilizes to determine if any of the Company's Control investments, as defined in the 1940 Act, including those unconsolidated portfolio companies defined as Control investments in which the Company does not own greater than 50% of the voting securities nor have the right to maintain greater than 50% of the board representation, are considered significant subsidiaries: the investment test and the income test. The investment test is generally measured by dividing the fair value of the Company's investment in the Control investment by the fair value of the Company's total investments. The income test is generally measured by dividing the absolute value of the combined sum of total investment income, net realized gain (loss) and net unrealized appreciation (depreciation) from the relevant Control investment for the period being tested by the absolute value of the Company's change in net assets resulting from operations for the same period. Rules 3-09 and 4-08(g) of Regulation S-X require the Company to include (1) separate audited financial statements of an unconsolidated majority-owned subsidiary (Control investments in which the Company owns greater than 50% of the voting securities) in an annual report and (2) summarized financial information of a Control investment in a quarterly report, respectively, if certain thresholds of the investment or income tests are exceeded and the unconsolidated portfolio company qualifies as a significant subsidiary. The Company does not own greater than 50% of the voting securities of, nor hold the right to maintain greater than 50% of the board representation of, any of its Control investments; accordingly, no Control investment constitutes a majority-owned subsidiary for which separate audited financial statements would be required under Rule 3-09.