DERIVATIVE INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2026

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Certain Information Related to the Company’s Foreign Currency Forward Derivative Instruments

Certain information related to the Fund’s foreign currency forward derivative instruments as of September 30, 2026 and December 31, 2025 is presented below.


	As of September 30, 2026
Derivative Instrument	Notional Amount		Gross Amount of Recognized Assets		Gross Amount of Recognized Liabilities		Balance Sheet Location of Net Amounts
Foreign currency forward contract	JPY	2,131,676	$	15,263	$	(14,111)	Derivative assets
Foreign currency forward contract	NOK	663,664	68,997		(68,932)		Derivative assets
Foreign currency forward contract	€	194,299	223,905		(221,008)		Derivative assets
Foreign currency forward contract	CAD	185,355	133,893		(131,713)		Derivative assets
Foreign currency forward contract	€	169,822	198,588		(194,019)		Derivative assets
Foreign currency forward contract	£	141,241	184,330		(187,913)		Derivative liabilities
Foreign currency forward contract	£	124,782	166,804		(165,454)		Derivative assets
Foreign currency forward contract	CAD	83,572	59,719		(58,805)		Derivative assets
Foreign currency forward contract	£	78,523	104,768		(104,092)		Derivative assets
Foreign currency forward contract	€	52,904	61,572		(63,066)		Derivative liabilities
Foreign currency forward contract	£	36,330	48,791		(48,252)		Derivative assets
Foreign currency forward contract	€	33,571	37,786		(38,871)		Derivative liabilities
Foreign currency forward contract	DKK	29,850	4,773		(4,606)		Derivative assets
Foreign currency forward contract	CAD	25,886	19,191		(19,736)		Derivative liabilities
Foreign currency forward contract	NOK	23,661	2,461		(2,458)		Derivative assets
Foreign currency forward contract	NZD	16,239	9,447		(9,158)		Derivative assets
Foreign currency forward contract	€	13,416	16,255		(15,656)		Derivative assets
Foreign currency forward contract	AUD	12,882	8,525		(8,993)		Derivative liabilities
Foreign currency forward contract	JPY	10,606	73		(76)		Derivative liabilities
Foreign currency forward contract	£	10,499	14,032		(14,291)		Derivative liabilities
Foreign currency forward contract	SEK	8,501	881		(850)		Derivative assets
Foreign currency forward contract	CAD	7,204	5,360		(5,189)		Derivative assets
Foreign currency forward contract	AUD	4,178	2,909		(2,895)		Derivative assets
Foreign currency forward contract	AUD	3,544	2,362		(2,262)		Derivative assets
Foreign currency forward contract	CHF	1,000	1,241		(1,200)		Derivative assets
Foreign currency forward contract	AUD	932	607		(645)		Derivative liabilities
Foreign currency forward contract	£	760	999		(1,009)		Derivative liabilities
Foreign currency forward contract	DKK	441	68		(67)		Derivative assets
Total			$	1,393,600	$	(1,385,327)


	As of December 31, 2025
Derivative Instrument	Notional Amount		Gross Amount of Recognized Assets		Gross Amount of Recognized Liabilities		Balance Sheet Location of Net Amounts
Foreign currency forward contract	JPY	2,121,070	$	15,194	$	(14,236)	Derivative assets
Foreign currency forward contract	NOK	663,462	66,170		(65,756)		Derivative assets
Foreign currency forward contract	€	218,252	252,724		(260,094)		Derivative liabilities
Foreign currency forward contract	€	214,349	247,926		(254,969)		Derivative liabilities
Foreign currency forward contract	£	174,946	228,742		(234,672)		Derivative liabilities
Foreign currency forward contract	CAD	118,019	84,912		(87,292)		Derivative liabilities
Foreign currency forward contract	£	62,246	81,554		(83,459)		Derivative liabilities
Foreign currency forward contract	CAD	59,479	44,252		(43,960)		Derivative assets
Foreign currency forward contract	€	51,083	60,185		(59,969)		Derivative assets
Foreign currency forward contract	NOK	47,388	4,513		(4,696)		Derivative liabilities
Foreign currency forward contract	£	36,330	48,791		(48,615)		Derivative assets
Foreign currency forward contract	DKK	29,850	4,773		(4,822)		Derivative liabilities
Foreign currency forward contract	£	26,695	35,977		(35,811)		Derivative assets
Foreign currency forward contract	£	25,800	34,628		(34,479)		Derivative assets
Foreign currency forward contract	€	25,014	29,713		(29,675)		Derivative assets
Foreign currency forward contract	CAD	23,894	17,161		(17,442)		Derivative liabilities
Foreign currency forward contract	€	10,731	12,964		(13,009)		Derivative liabilities
Foreign currency forward contract	AUD	9,518	6,165		(6,327)		Derivative liabilities
Foreign currency forward contract	JPY	5,303	36		(37)		Derivative liabilities
Foreign currency forward contract	AUD	4,398	2,883		(2,927)		Derivative liabilities
Foreign currency forward contract	NZD	3,800	2,304		(2,205)		Derivative assets
Foreign currency forward contract	€	2,685	3,291		(3,254)		Derivative assets
Foreign currency forward contract	AUD	1,328	885		(884)		Derivative assets
Foreign currency forward contract	£	760	999		(1,017)		Derivative liabilities
Foreign currency forward contract	NZD	440	254		(255)		Derivative liabilities
Foreign currency forward contract	CHF	373	471		(472)		Derivative liabilities
Total			$	1,287,467	$	(1,310,334)

Schedule of Net Realized and Unrealized Gains and Losses on Derivative Instruments

Net realized and unrealized gains and losses on derivative instruments not designated as a qualifying hedge accounting relationship recognized by the Fund for the three and nine months ended September 30, 2026 and 2025 are in the following locations in the consolidated statements of operations:


		For the Three Months Ended September 30,				For the Nine Months Ended September 30,
Derivative Instrument	Statement Location	2026		2025		2026		2025

Foreign currency forward contract	Net realized gains (losses) on foreign currency transactions and other transactions	$	10,619	$	(5,411)	$	(1,370)	$	(17,732)
Foreign currency forward contract	Net unrealized gains (losses) on foreign currency transactions and other transactions	$	(8,444)	$	15,624	$	31,140	$	(30,418)

For the three and nine months ended September 30, 2026 and 2025, the net gain (loss) from the Fund’s qualifying fair value hedge relationships included in “interest and credit facility fees” in the Fund’s consolidated statements of operations was as follows.


	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2026		2025		2026		2025
Net gain (loss) from fair value hedge relationships	$	(1,345)	$	118	$	(2,026)	$	1,878

Schedule of Impact of Interest Rate Swaps

As of September 30, 2026 and December 31, 2025, the counterparty to all of the Fund’s interest rate swaps was Wells Fargo Bank, N.A. Certain information related to the Fund’s interest rate swaps as of September 30, 2026 is presented below.


Description	Hedged Item	Fund Receives		Fund Pays	Payment Frequency	Maturity Date	Notional Amount
Interest rate swap	March 2028 Notes	5.700	%	SOFR +1.6485%	Monthly	March 15, 2028	$	1,000,000
Interest rate swap	September 2028 Notes	5.450	%	SOFR +1.7465%	Monthly	September 9, 2028	$	600,000
Interest rate swap	January 2029 Notes	4.850	%	SOFR +1.6220%	Monthly	January 15, 2029	$	600,000
Interest rate swap	August 2029 Notes	6.350	%	SOFR +2.2080%	Monthly	August 15, 2029	$	700,000
Interest rate swap	February 2030 Notes	5.600	%	SOFR +2.3020%	Monthly	February 15, 2030	$	750,000
Interest rate swap	September 2030 Notes	5.800	%	SOFR +2.0490%	Monthly	September 9, 2030	$	500,000
Interest rate swap(1)	January 2031 Notes	5.150	%	SOFR +1.9460%	Monthly	January 15, 2031	$	500,000
Interest rate swap	April 2031 Notes	5.550	%	SOFR +1.8750%	Monthly	April 15, 2031	$	700,000
Interest rate swap	March 2032 Notes	6.200	%	SOFR +1.8290%	Monthly	March 21, 2032	$	750,000

________________________________________

(1)In connection with the issuance of the January 2031 Notes, the Fund entered into a forward-starting interest rate swap, with an effective date of July 15, 2026.

The balance sheet impact of fair valuing the interest rate swaps as of September 30, 2026 and December 31, 2025 is presented below:


		As of September 30, 2026
Derivative Instrument(1)	Hedged Item	Notional Amount		Maturity Date	Gross Amount of Recognized Assets		Gross Amount of Recognized Liabilities		Balance Sheet Location of Net Amounts
Interest rate swap	March 2028 Notes	$	1,000,000	March 15, 2028	$	—	$	(9,078)	Derivative liabilities
Interest rate swap	September 2028 Notes	$	600,000	September 9, 2028	—		(12,170)		Derivative liabilities
Interest rate swap	January 2029 Notes	$	600,000	January 15, 2029	—		(20,570)		Derivative liabilities
Interest rate swap	August 2029 Notes	$	700,000	August 15, 2029	—		(13,091)		Derivative liabilities
Interest rate swap	February 2030 Notes	$	750,000	February 15, 2030	—		(36,198)		Derivative liabilities
Interest rate swap	September 2030 Notes	$	500,000	September 9, 2030	—		(19,623)		Derivative liabilities
Interest rate swap	January 2031 Notes	$	500,000	January 15, 2031	—		(31,724)		Derivative liabilities
Interest rate swap	April 2031 Notes	$	700,000	April 15, 2031	—		(33,240)		Derivative liabilities
Interest rate swap	March 2032 Notes	$	750,000	March 21, 2032	—		(17,639)		Derivative liabilities
Total					$	—	$	(193,333)

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(1)The gross asset or liability related to the fair value of each interest rate swap was offset by a corresponding increase or decrease to the carrying value of the related hedged item.


		As of December 31, 2025
Derivative Instrument(1)	Hedged Item	Notional Amount		Maturity Date	Gross Amount of Recognized Assets		Gross Amount of Recognized Liabilities		Balance Sheet Location of Net Amounts
Interest rate swap	March 2028 Notes	$	1,000,000	March 15, 2028	$	14,461	$	—	Derivative assets
Interest rate swap	September 2028 Notes	$	600,000	September 9, 2028	4,677		—		Derivative assets
Interest rate swap	January 2029 Notes	$	600,000	January 15, 2029	—		(3,021)		Derivative liabilities
Interest rate swap	August 2029 Notes	$	700,000	August 15, 2029	16,585		—		Derivative assets
Interest rate swap	February 2030 Notes	$	750,000	February 15, 2030	—		(5,199)		Derivative liabilities
Interest rate swap	September 2030 Notes	$	500,000	September 9, 2030	5,239		—		Derivative assets
Interest rate swap	January 2031 Notes	$	500,000	January 15, 2031	—		(6,380)		Derivative liabilities
Interest rate swap	March 2032 Notes	$	750,000	March 21, 2032	31,646		—		Derivative assets
Total					$	72,608	$	(14,600)

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(1)The gross asset or liability related to the fair value of each interest rate swap was offset by a corresponding increase or decrease to the carrying value of the related hedged item.