v3.26.1
Investments (Tables)
 6 Months Ended
Jun. 30, 2026
Schedule of Investments [Abstract]  
Schedule of Investment Holdings, Schedule of Investments
The composition of the Company’s investment portfolio at cost and fair value was as follows:
June 30, 2026December 31, 2025
CostFair Value% of Total Investments at Fair ValueCostFair Value% of Total Investments at Fair Value
First lien debt$72,789,476 $70,683,268 91.0 %$73,980,617 $73,345,369 89.2 %
Second lien debt3,136,291 2,894,973 3.7 3,296,882 3,262,537 4.0 
Unsecured debt83,948 79,392 0.1 80,808 79,427 0.1 
Structured finance obligations - debt instruments221,476 210,320 0.3 501,804 501,333 0.6 
Structured finance obligations - equity instruments324,820 263,118 0.4 331,279 301,610 0.4 
Investments in joint ventures1,953,706 1,660,325 2.1 1,932,706 1,791,813 2.2 
Equity and other (1)
1,838,134 1,857,711 2.4 2,792,145 2,917,257 3.5 
Total$80,347,851 $77,649,107 100.0 %$82,916,241 $82,199,346 100.0 %
(1)Includes equity investment in SLC.
The Company utilizes the Global Industry Classification Standard for categorizing the industry classification of its investments. The industry composition of investments at fair value was as follows:
June 30, 2026December 31, 2025
Aerospace & Defense2.5 %2.0 %
Air Freight & Logistics2.0 1.5 
Airlines (Passenger Airlines) (2)(3)
0.0 0.0 
Automobile Components (2)
0.0 0.1 
Beverages— 0.1 
Biotechnology0.4 0.2 
Broadline Retail (2)(3)
0.0 0.0 
Building Products0.8 0.8 
Capital Markets0.5 0.3 
Chemicals0.3 0.3 
Commercial Services & Supplies8.3 7.4 
Construction & Engineering1.8 1.9 
Construction Materials (2)(3)
0.0 0.0 
Consumer Staples Distribution & Retail0.1 0.1 
Containers & Packaging0.1 0.1 
Distributors0.4 0.5 
Diversified Consumer Services2.9 2.8 
Diversified REITs (2)(3)
0.0 0.0 
Diversified Telecommunication Services (2)
0.0 0.1 
June 30, 2026December 31, 2025
Electric Utilities0.1 %0.4 %
Electrical Equipment1.3 1.3 
Electronic Equipment, Instruments & Components1.0 1.1 
Energy Equipment & Services (2)(3)
0.0 0.0 
Entertainment (2)(3)
0.0 0.0 
Financial Services (1)
2.6 3.0 
Food Products (2)(3)
0.0 0.0 
Gas Utilities (3)
— 0.0 
Ground Transportation0.2 0.2 
Health Care Equipment & Supplies0.7 0.7 
Health Care Providers & Services8.4 7.9 
Health Care Technology5.7 6.5 
Hotels, Restaurants & Leisure0.2 0.3 
Household Durables (2)
0.0 0.1 
Independent Power and Renewable Electricity Producers (2)(3)
0.0 0.0 
Industrial Conglomerates0.3 0.3 
Insurance6.2 6.1 
Interactive Media & Services0.8 0.9 
Investments in Joint Ventures2.1 2.2 
IT Services4.7 4.9 
Life Sciences Tools & Services0.7 0.7 
Machinery
0.3 0.3 
Marine Transportation0.4 0.4 
Media1.1 1.0 
Metals & Mining (3)
0.1 0.0 
Oil, Gas & Consumable Fuels0.4 1.7 
Paper & Forest Products0.1 0.1 
Pharmaceuticals0.9 0.7 
Professional Services11.4 10.7 
Real Estate Management & Development1.3 1.2 
Semiconductors & Semiconductor Equipment (3)
— 0.0 
Software25.8 25.7 
Specialty Retail0.1 0.1 
Technology Hardware, Storage & Peripherals0.1 0.1 
Trading Companies & Distributors0.4 0.4 
Transportation Infrastructure2.1 2.5 
Wireless Telecommunication Services0.4 0.3 
Total100.0 %100.0 %
(1)Includes equity investment in SLC.
(2)Amount rounds to less than 0.1% as of June 30, 2026.
(3)Amount rounds to less than 0.1% as of December 31, 2025.
The geographic composition of investments at cost and fair value was as follows:
June 30, 2026
CostFair Value% of Total Investments at Fair ValueFair Value as % of Net Assets
United States$67,999,855 $65,458,220 84.3 %153.0 %
Europe9,753,174 9,698,643 12.5 22.7 
Bermuda/Cayman Islands1,397,208 1,335,652 1.7 3.1 
Canada846,415 812,719 1.0 1.9 
Australia/New Zealand284,689 276,601 0.4 0.6 
Asia66,510 67,272 0.1 0.2 
Total$80,347,851 $77,649,107 100.0 %181.5 %
December 31, 2025
CostFair Value% of Total Investments at Fair ValueFair Value as % of Net Assets
United States$70,395,937 $69,480,163 84.5 %145.9 %
Europe9,986,806 10,235,985 12.5 21.5 
Bermuda/Cayman Islands1,651,012 1,626,419 2.0 3.4 
Canada717,684 694,692 0.8 1.5 
Australia/New Zealand98,511 94,798 0.1 0.2 
Asia66,291 67,289 0.1 0.1 
Total$82,916,241 $82,199,346 100.0 %172.6 %