CONSOLIDATED BALANCE SHEET - USD ($) $ in Millions	Dec. 31, 2025		Dec. 31, 2024
Investments at fair value
Fair Value	$ 29,484.8	[1]	$ 26,719.9	[2]
Cash and cash equivalents	638.0		635.0
Restricted cash	286.0		225.0
Interest receivable	288.0		292.0
Receivable for open trades	317.0		224.0
Other assets	221.0		158.0
Total assets	31,235.0		28,254.0
LIABILITIES
Debt	15,991.0		13,727.0
Base management fee payable	111.0		100.0
Income based fee payable	89.0		91.0
Capital gains incentive fee payable	82.0		105.0
Interest and facility fees payable	193.0		170.0
Payable to participants	131.0		163.0
Interest rate swap collateral payable	155.0		62.0
Payable for open trades	5.0		236.0
Accounts payable and other liabilities	132.0		121.0
Deferred tax liabilities	28.0		92.0
Secured borrowings	0.0		32.0
Total liabilities	16,917.0		14,899.0
Commitments and contingencies (Note 7)
STOCKHOLDERS’ EQUITY
Common stock, par value $0.001 per share, 1,000 common shares authorized; 718 and 672 common shares issued and outstanding, respectively	1.0		1.0
Capital in excess of par value	13,359.0		12,502.0
Accumulated undistributed earnings	958.0		852.0
Total stockholders’ equity	14,318.0		13,355.0
Total liabilities and stockholders’ equity	$ 31,235.0		$ 28,254.0
NET ASSET VALUE PER SHARE (in dollars per share)	$ 19.94		$ 19.89
Non-controlled/non-affiliate company investments
Investments at fair value
Fair Value	$ 24,872.0		$ 22,145.0
Non-controlled affiliate company investments
Investments at fair value
Fair Value	600.2		707.2
Controlled affiliate company investments
Investments at fair value
Fair Value	$ 4,013.4		$ 3,867.6

[1] As of December 31, 2025, the estimated net unrealized gain for federal tax purposes was approximately $300 million based on a tax cost basis of $29.2 billion. As of December 31, 2025, the estimated aggregate gross unrealized gain for federal income tax purposes was approximately $1.3 billion and the estimated aggregate gross unrealized loss for federal income tax purposes was approximately $1.0 billion.

[2] As of December 31, 2024, the estimated net unrealized gain for federal tax purposes was $0.2 billion based on a tax cost basis of $26.5 billion. As of December 31, 2024, the estimated aggregate gross unrealized gain for federal income tax purposes was $1.7 billion and the estimated aggregate gross unrealized loss for federal income tax purposes was $1.5 billion.