Fair Value of Financial Instruments - Schedule of Changes in the Fair Value of Investments (Details) - USD ($)
$ in Thousands |
3 Months Ended |
9 Months Ended |
Sep. 30, 2026 |
Sep. 30, 2025 |
Sep. 30, 2026 |
Sep. 30, 2025 |
| First-Lien Senior Secured |
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
| Fair value, beginning of period |
$ 490,304
|
$ 1,303,172
|
$ 1,218,616
|
$ 1,495,835
|
| Purchases of investments, net |
4,320
|
97,420
|
22,720
|
159,303
|
| Payment-in-kind |
1,193
|
503
|
4,298
|
5,345
|
| Proceeds from investments, net |
(54,601)
|
(70,693)
|
(797,194)
|
(315,659)
|
| Net accretion/amortization of discount/premium on investments |
392
|
1,430
|
1,887
|
5,851
|
| Transfers between investment types |
22,500
|
(41)
|
22,500
|
(41)
|
| Transfers into (out of) Level 3 |
(231)
|
|
2,519
|
(5,659)
|
| Fair value, end of period |
462,554
|
1,325,797
|
462,554
|
1,325,797
|
| First-Lien Senior Secured | Income Statement Location [Axis]: us-gaap:DebtAndEquitySecuritiesRealizedGainLoss |
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
| Net change in unrealized gain (loss) / realized gain (loss) on investments |
(760)
|
(12)
|
(4,694)
|
(75)
|
| First-Lien Senior Secured | Income Statement Location [Axis]: us-gaap:DebtAndEquitySecuritiesUnrealizedGainLoss |
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
| Net change in unrealized gain (loss) / realized gain (loss) on investments |
(563)
|
(5,982)
|
(8,098)
|
(19,103)
|
| Second-Lien Senior Secured |
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
| Fair value, beginning of period |
57,555
|
132,864
|
119,703
|
139,322
|
| Purchases of investments, net |
0
|
0
|
0
|
0
|
| Payment-in-kind |
262
|
408
|
759
|
3,230
|
| Proceeds from investments, net |
0
|
0
|
(47,425)
|
(27,098)
|
| Net accretion/amortization of discount/premium on investments |
143
|
126
|
312
|
715
|
| Transfers between investment types |
(22,500)
|
0
|
(22,500)
|
0
|
| Transfers into (out of) Level 3 |
(9,711)
|
|
652
|
21,929
|
| Fair value, end of period |
26,391
|
125,525
|
26,391
|
125,525
|
| Second-Lien Senior Secured | Income Statement Location [Axis]: us-gaap:DebtAndEquitySecuritiesRealizedGainLoss |
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
| Net change in unrealized gain (loss) / realized gain (loss) on investments |
0
|
0
|
(7,676)
|
(20,066)
|
| Second-Lien Senior Secured | Income Statement Location [Axis]: us-gaap:DebtAndEquitySecuritiesUnrealizedGainLoss |
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
| Net change in unrealized gain (loss) / realized gain (loss) on investments |
642
|
(7,873)
|
(17,434)
|
7,493
|
| Unsecured |
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
| Fair value, beginning of period |
20,644
|
36,411
|
38,673
|
33,594
|
| Purchases of investments, net |
0
|
759
|
0
|
758
|
| Payment-in-kind |
819
|
1,483
|
2,255
|
3,689
|
| Proceeds from investments, net |
0
|
(557)
|
(19,465)
|
(1,253)
|
| Net accretion/amortization of discount/premium on investments |
2
|
6
|
14
|
27
|
| Transfers between investment types |
0
|
0
|
0
|
0
|
| Transfers into (out of) Level 3 |
0
|
|
0
|
0
|
| Fair value, end of period |
21,422
|
37,990
|
21,422
|
37,990
|
| Unsecured | Income Statement Location [Axis]: us-gaap:DebtAndEquitySecuritiesRealizedGainLoss |
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
| Net change in unrealized gain (loss) / realized gain (loss) on investments |
0
|
0
|
690
|
(56)
|
| Unsecured | Income Statement Location [Axis]: us-gaap:DebtAndEquitySecuritiesUnrealizedGainLoss |
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
| Net change in unrealized gain (loss) / realized gain (loss) on investments |
(43)
|
(112)
|
(745)
|
1,231
|
| Specialty Finance |
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
| Fair value, beginning of period |
8,156
|
6,294
|
7,491
|
5,040
|
| Purchases of investments, net |
344
|
973
|
911
|
2,192
|
| Payment-in-kind |
30
|
85
|
168
|
136
|
| Proceeds from investments, net |
(4)
|
0
|
(44)
|
0
|
| Net accretion/amortization of discount/premium on investments |
0
|
0
|
0
|
0
|
| Transfers between investment types |
0
|
0
|
0
|
0
|
| Transfers into (out of) Level 3 |
0
|
|
0
|
0
|
| Fair value, end of period |
8,526
|
7,352
|
8,526
|
7,352
|
| Specialty Finance | Income Statement Location [Axis]: us-gaap:DebtAndEquitySecuritiesRealizedGainLoss |
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
| Net change in unrealized gain (loss) / realized gain (loss) on investments |
0
|
0
|
0
|
0
|
| Specialty Finance | Income Statement Location [Axis]: us-gaap:DebtAndEquitySecuritiesUnrealizedGainLoss |
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
| Net change in unrealized gain (loss) / realized gain (loss) on investments |
0
|
0
|
0
|
(16)
|
| Preferred |
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
| Fair value, beginning of period |
14,936
|
63,693
|
67,143
|
59,385
|
| Purchases of investments, net |
0
|
1,015
|
0
|
2,147
|
| Payment-in-kind |
248
|
1,111
|
2,201
|
3,697
|
| Proceeds from investments, net |
0
|
(49)
|
(51,568)
|
(257)
|
| Net accretion/amortization of discount/premium on investments |
11
|
39
|
580
|
120
|
| Transfers between investment types |
0
|
0
|
0
|
0
|
| Transfers into (out of) Level 3 |
0
|
|
0
|
0
|
| Fair value, end of period |
16,087
|
66,077
|
16,087
|
66,077
|
| Preferred | Income Statement Location [Axis]: us-gaap:DebtAndEquitySecuritiesRealizedGainLoss |
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
| Net change in unrealized gain (loss) / realized gain (loss) on investments |
0
|
0
|
1,090
|
3
|
| Preferred | Income Statement Location [Axis]: us-gaap:DebtAndEquitySecuritiesUnrealizedGainLoss |
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
| Net change in unrealized gain (loss) / realized gain (loss) on investments |
892
|
268
|
(3,359)
|
982
|
| Common |
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
| Fair value, beginning of period |
76,791
|
91,791
|
77,020
|
101,868
|
| Purchases of investments, net |
0
|
1,343
|
288
|
1,931
|
| Payment-in-kind |
46
|
43
|
134
|
124
|
| Proceeds from investments, net |
(46,263)
|
(201)
|
(47,166)
|
(10,822)
|
| Net accretion/amortization of discount/premium on investments |
0
|
0
|
0
|
0
|
| Transfers between investment types |
0
|
41
|
0
|
41
|
| Transfers into (out of) Level 3 |
0
|
|
44
|
0
|
| Fair value, end of period |
29,567
|
91,178
|
29,567
|
91,178
|
| Common | Income Statement Location [Axis]: us-gaap:DebtAndEquitySecuritiesRealizedGainLoss |
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
| Net change in unrealized gain (loss) / realized gain (loss) on investments |
26,094
|
(99)
|
20,057
|
1,359
|
| Common | Income Statement Location [Axis]: us-gaap:DebtAndEquitySecuritiesUnrealizedGainLoss |
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
| Net change in unrealized gain (loss) / realized gain (loss) on investments |
(27,101)
|
(1,740)
|
(20,810)
|
(3,323)
|
| Specialty Finance |
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
| Fair value, beginning of period |
6,743
|
10,493
|
13,303
|
8,219
|
| Purchases of investments, net |
208
|
517
|
339
|
1,368
|
| Payment-in-kind |
0
|
0
|
0
|
0
|
| Proceeds from investments, net |
0
|
0
|
(6,504)
|
(170)
|
| Net accretion/amortization of discount/premium on investments |
0
|
0
|
0
|
0
|
| Transfers between investment types |
0
|
0
|
0
|
0
|
| Transfers into (out of) Level 3 |
0
|
|
0
|
0
|
| Fair value, end of period |
6,938
|
11,618
|
6,938
|
11,618
|
| Specialty Finance | Income Statement Location [Axis]: us-gaap:DebtAndEquitySecuritiesRealizedGainLoss |
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
| Net change in unrealized gain (loss) / realized gain (loss) on investments |
0
|
0
|
483
|
0
|
| Specialty Finance | Income Statement Location [Axis]: us-gaap:DebtAndEquitySecuritiesUnrealizedGainLoss |
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
| Net change in unrealized gain (loss) / realized gain (loss) on investments |
(13)
|
608
|
(683)
|
2,201
|
| Investments |
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
| Fair value, beginning of period |
675,129
|
1,644,718
|
1,541,949
|
1,843,263
|
| Purchases of investments, net |
4,872
|
102,027
|
24,258
|
167,699
|
| Payment-in-kind |
2,598
|
3,633
|
9,815
|
16,221
|
| Proceeds from investments, net |
(100,868)
|
(71,500)
|
(969,366)
|
(355,259)
|
| Net accretion/amortization of discount/premium on investments |
548
|
1,601
|
2,793
|
6,713
|
| Transfers between investment types |
0
|
0
|
0
|
0
|
| Transfers into (out of) Level 3 |
(9,942)
|
|
3,215
|
16,270
|
| Fair value, end of period |
571,485
|
1,665,537
|
571,485
|
1,665,537
|
| Investments | Income Statement Location [Axis]: us-gaap:DebtAndEquitySecuritiesRealizedGainLoss |
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
| Net change in unrealized gain (loss) / realized gain (loss) on investments |
25,334
|
(111)
|
9,950
|
(18,835)
|
| Investments | Income Statement Location [Axis]: us-gaap:DebtAndEquitySecuritiesUnrealizedGainLoss |
|
|
|
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] |
|
|
|
|
| Net change in unrealized gain (loss) / realized gain (loss) on investments |
$ (26,186)
|
$ (14,831)
|
$ (51,129)
|
$ (10,535)
|