| Schedule of composition of investment portfolio |
The following table presents the composition of the Company’s investment portfolio at cost and fair value as of June 30, 2026 and December 31, 2025:
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($ in thousands) |
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June 30, 2026 |
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December 31, 2025 |
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Investments: |
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Amortized Cost |
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Fair Value |
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Percent of Total Investments at Fair Value |
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Amortized Cost |
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Fair Value |
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Percent of Total Investments at Fair Value |
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First Lien Loans |
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$ |
2,637,491 |
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$ |
2,617,370 |
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88.4 |
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% |
$ |
2,550,532 |
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$ |
2,549,002 |
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88.4 |
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% |
Second Lien Loans |
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141,138 |
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129,726 |
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4.4 |
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141,741 |
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133,093 |
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4.6 |
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Unsecured Notes |
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155,619 |
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155,317 |
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5.2 |
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135,834 |
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138,583 |
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4.8 |
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Preferred Equity |
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29,972 |
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31,484 |
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1.1 |
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38,229 |
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40,166 |
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1.4 |
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Common Equity and Warrants |
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22,399 |
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28,919 |
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1.0 |
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17,133 |
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22,110 |
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0.8 |
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Interest rate swaps |
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- |
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(2,124 |
) |
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(0.1 |
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- |
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- |
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0.0 |
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Total Investments |
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$ |
2,986,619 |
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$ |
2,960,692 |
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100.0 |
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% |
$ |
2,883,469 |
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$ |
2,882,954 |
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100.0 |
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% |
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June 30, 2026 |
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December 31, 2025 |
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U.S. |
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95.6 |
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% |
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96.6 |
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% |
Non-U.S. |
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4.4 |
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3.4 |
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Total |
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100.0 |
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% |
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100.0 |
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% |
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June 30, 2026 |
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December 31, 2025 |
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Capital Markets |
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3.8 |
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% |
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4.1 |
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% |
Consumer Finance |
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1.8 |
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2.3 |
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Diversified Consumer Services |
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0.4 |
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0.5 |
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Financial Services |
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15.1 |
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14.7 |
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Health Care Providers & Services |
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17.8 |
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17.9 |
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Health Care Technology |
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2.8 |
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3.0 |
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Insurance |
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17.7 |
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19.0 |
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IT Services |
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3.0 |
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3.9 |
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Professional Services |
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17.5 |
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15.4 |
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Real Estate Management & Development |
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6.4 |
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5.6 |
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Software |
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13.0 |
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12.9 |
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Technology Hardware, Storage & Peripherals |
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0.7 |
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0.7 |
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Total |
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100.0 |
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% |
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100.0 |
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% |
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