Investments

6 Months Ended

Jun. 30, 2023

Investments, All Other Investments [Abstract]

Investments

4.INVESTMENTS

The Company’s investments (excluding investments in money market funds, if any) consisted of the following:

	June 30, 2023				December 31, 2022
Investment Type	Cost		Fair Value		Cost		Fair Value
1st Lien/Senior Secured Debt	$	3,225,062	$	3,169,436	$	3,174,534	$	3,129,552
1st Lien/Last-Out Unitranche		121,858		117,181		120,253		116,230
2nd Lien/Senior Secured Debt		222,289		172,260		255,354		174,326
Unsecured Debt		10,044		8,854		8,787		7,630
Preferred Stock		48,217		43,504		48,258		42,377
Common Stock		80,917		38,293		82,006		35,490
Warrants		1,849		451		1,849		611
Total	$	3,710,236	$	3,549,979	$	3,691,041	$	3,506,216

The industry composition of the Company’s investments at fair value and net assets was as follows:

	June 30, 2023							December 31, 2022
Industry	Fair Value				Net Assets			Fair Value				Net Assets
Software		15.3	%			34.1	%		14.7	%			34.4	%
Health Care Providers & Services		11.6				25.8			11.2				26.2
Diversified Financial Services		11.3				25.0			11.3				26.3
Professional Services		9.4				21.0			9.5				22.2
Health Care Technology		8.9				19.7			8.9				20.7
IT Services		6.9				15.3			7.0				16.4
Diversified Consumer Services		5.3				11.8			5.4				12.5
Real Estate Mgmt. & Development		4.5				10.0			4.5				10.5
Interactive Media & Services		3.5				7.7			3.4				8.0
Health Care Equipment & Supplies		3.2				7.2			3.2				7.5
Commercial Services & Supplies		2.9				6.4			3.3				7.6
Entertainment		2.1				4.6			2.1				5.0
Hotels, Restaurants & Leisure		1.6				3.6			1.6				3.8
Transportation Infrastructure		1.4				3.1			1.4				3.3
Independent Power and Renewable Electricity Producers		1.2				2.7			1.2				2.7
Road & Rail		1.2				2.6			1.2				2.8
Chemicals		1.1				2.5			1.2				2.8
Construction & Engineering		1.0				2.3			0.9				2.2
Aerospace & Defense		1.0				2.2			1.0				2.3
Household Products		1.0				2.2			1.1				2.5
Internet & Direct Marketing Retail		1.0				2.2			1.0				2.4
Beverages		0.9				2.0			0.9				2.2
Trading Companies & Distributors		0.8				1.7			0.8				1.8
Insurance		0.7				1.6			0.6				1.4
Pharmaceuticals		0.5				1.1			0.5				1.1
Containers & Packaging		0.3				0.8			0.3				0.7
Auto Components		0.3				0.8			0.4				0.9
Energy Equipment & Services		0.3				0.6			0.2				0.6
Communications Equipment		0.2				0.6			0.3				0.6
Textiles, Apparel & Luxury Goods		0.2				0.4			0.2				0.5
Food Products		0.2				0.3			0.1				0.2
Capital Markets		0.2				0.3			0.2				0.4
Building Products		—		(1)		0.1			—		(1)		0.1
Automobiles(1)		—				—			—				—
Oil, Gas & Consumable Fuels(1)		—				—			—				—
Distributors(1)		—				—			—				—
Air Freight & Logistics		—				—			0.2				0.4
Specialty Retail		—				—			0.2				0.4
Total		100.0	%			222.3	%		100.0	%			233.4	%

(1)Amount rounds to less than 0.1%.

The geographic composition of the Company’s investments at fair value was as follows:

Geographic	June 30, 2023			December 31, 2022
United States		95.2	%		95.3	%
Canada		3.1			3.1
United Kingdom		1.7			1.6
Germany (1)		—			—
Singapore (1)		—			—
Total		100.0	%		100.0	%

(1)Amount rounds to less than 0.1%.