v3.26.1
Investments (Tables)
 6 Months Ended
Jun. 30, 2026
Investments [Abstract]  
Schedule of Composition of the Company's Investment Portfolio
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, 2026December 31, 2025
Amortized Cost:
Senior secured loans$5,129,703 84.9 %$5,109,431 86.4 %
Unitranche secured loans20,323 0.3 35,221 0.6 
Junior secured loans436,721 7.2 361,428 6.1 
Equity investments460,711 7.6 407,283 6.9 
Total$6,047,458 100.0 %$5,913,363 100.0 %
June 30, 2026December 31, 2025
Fair Value:
Senior secured loans$5,097,614 85.6 %$5,090,861 87.4 %
Unitranche secured loans20,360 0.3 35,414 0.6 
Junior secured loans343,146 5.8 277,025 4.8 
Equity investments495,297 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, 2026December 31, 2025
Amortized Cost:
United States:
Midwest$1,136,773 18.8 %$1,093,220 18.5 %
Northeast1,362,846 22.5 1,337,031 22.6 
Northwest75,707 1.3 106,019 1.8 
Southeast1,608,784 26.6 1,431,430 24.2 
Southwest624,875 10.3 602,184 10.2 
West996,440 16.5 1,075,499 18.3 
International242,033 4.0 267,980 4.4 
Total$6,047,458 100.0 %$5,913,363 100.0 %
June 30, 2026December 31, 2025
Fair Value:
United States:
Midwest$1,037,355 17.4 %$1,007,605 17.3 %
Northeast1,372,631 23.0 1,345,901 23.1 
Northwest75,688 1.3 108,809 1.9 
Southeast1,644,829 27.6 1,471,723 25.3 
Southwest605,685 10.2 578,702 9.9 
West980,373 16.5 1,044,597 18.0 
International239,856 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, 2026December 31, 2025
Amortized Cost:
Aerospace & Defense$46,743 0.8 %$41,610 0.7 %
Automotive141,136 2.3 132,579 2.2 
Banking54,004 0.9 46,932 0.8 
Beverage, Food & Tobacco146,619 2.4 146,450 2.5 
Capital Equipment214,674 3.6 278,579 4.7 
Chemicals, Plastics & Rubber59,603 1.0 53,586 0.9 
Construction & Building306,665 5.1 275,448 4.7 
Consumer Goods: Durable82,844 1.4 87,104 1.5 
Consumer Goods: Non-Durable76,966 1.3 87,121 1.5 
Containers, Packaging & Glass78,795 1.3 57,824 1.0 
Energy: Oil & Gas132 
0.0 *
132 
0.0 *
Environmental Industries48,944 0.8 101,103 1.7 
FIRE: Finance407,087 6.7 395,159 6.7 
FIRE: Real Estate267,327 4.4 170,649 2.9 
Healthcare & Pharmaceuticals934,223 15.4 831,390 14.1 
High Tech Industries804,210 13.3 765,255 12.9 
Hotels, Gaming & Leisure— — 95 
0.0 *
Media: Advertising, Printing & Publishing254,529 4.2 327,320 5.4 
Media: Broadcasting & Subscription4,084 0.1 3,448 0.1 
Media: Diversified & Production84,497 1.4 92,892 1.5 
Retail15,446 0.3 14,448 0.2 
Services: Business1,320,077 21.8 1,276,711 21.6 
Services: Consumer361,180 6.0 341,755 5.8 
Telecommunications86,769 1.4 129,104 2.2 
Transportation: Cargo201,004 3.3 211,690 3.6 
Transportation: Consumer6,104 0.1 — — 
Utilities: Electric4,504 0.1 4,504 0.1 
Wholesale39,292 0.6 40,475 0.7 
Total$6,047,458 100.0 %$5,913,363 100.0 %
June 30, 2026December 31, 2025
Fair Value:
Aerospace & Defense$49,259 0.8 %$40,434 0.7 %
Automotive68,156 1.2 61,039 1.0 
Banking47,619 0.8 40,681 0.7 
Beverage, Food & Tobacco150,690 2.5 145,549 2.5 
Capital Equipment203,876 3.4 272,138 4.7 
Chemicals, Plastics & Rubber60,254 1.0 53,692 0.9 
Construction & Building311,135 5.2 282,687 4.9 
Consumer Goods: Durable55,590 0.9 54,861 0.9 
Consumer Goods: Non-Durable71,894 1.2 80,235 1.4 
Containers, Packaging & Glass77,039 1.3 57,516 1.0 
Energy: Oil & Gas157 
0.0 *
133 
0.0 *
Environmental Industries48,067 0.8 100,594 1.7 
FIRE: Finance413,583 7.0 401,245 6.9 
FIRE: Real Estate269,533 4.5 173,367 3.0 
Healthcare & Pharmaceuticals925,140 15.5 822,082 14.1 
High Tech Industries792,829 13.3 768,219 13.2 
Hotels, Gaming & Leisure— — 122 
0.0 *
Media: Advertising, Printing & Publishing248,702 4.2 324,332 5.6 
Media: Broadcasting & Subscription1,173 
0.0 *
523 
0.0 *
Media: Diversified & Production82,257 1.4 88,577 1.5 
Retail15,603 0.3 14,624 0.3 
Services: Business1,339,891 22.5 1,299,308 22.3 
Services: Consumer360,835 6.1 338,841 5.8 
Telecommunications82,360 1.4 122,038 2.1 
Transportation: Cargo199,020 3.3 201,888 3.5 
Transportation: Consumer6,162 0.1 — — 
Utilities: Electric37,277 0.6 36,030 0.6 
Wholesale38,316 0.7 39,000 0.7 
Total$5,956,417 100.0 %$5,819,755 100.0 %
_______________________________________________________
*Represents an amount less than 0.1%.