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Investments - Schedule of Financial Information for OBDC SLF (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Jun. 30, 2023
Dec. 31, 2022
Jun. 30, 2022
Dec. 31, 2021
Assets                
Investments at fair value $ 12,896,158 [1],[2],[3],[4]   $ 12,896,158 [1],[2],[3],[4]     $ 13,010,345 [5],[6],[7]    
Amortized Cost 12,822,871 [1],[2],[3],[4],[8],[9]   12,822,871 [1],[2],[3],[4],[8],[9]     13,046,132 [5],[6],[7],[10],[11]    
Interest receivable 107,112   107,112     108,085    
Receivable for investments sold 2,198   2,198     0    
Prepaid expenses and other assets 3,988   3,988     3,627    
Total Assets 13,461,820   13,461,820     13,584,853    
Liabilities                
Debt 7,062,399   7,062,399     7,281,744    
Unamortized debt issuance costs 80,535   80,535     95,647    
Distributions payable 128,612   128,612     129,517    
Accrued expenses and other liabilities 176,398   176,398     202,793    
Total Liabilities 7,461,811   7,461,811     7,702,450    
Members' Equity                
Members' Equity 6,000,009 $ 5,847,788 6,000,009 $ 5,847,788 $ 5,948,964 5,882,403 $ 5,704,446 $ 5,937,877
Total Liabilities and Net Assets 13,461,820   13,461,820     13,584,853    
Investment Income                
Total investment income from non-controlled, non-affiliated investments 399,022 314,053 1,170,867 851,498        
Expenses                
Interest expense 110,445 81,210 324,416 209,935        
Professional fees 3,890 3,788 11,697 11,022        
Total Operating Expenses 206,239 165,675 607,782 453,247        
Net Investment Income (Loss) Before Taxes 192,783 148,378 563,085 398,251        
Tax expense (benefit) 2,730 1,604 8,495 3,998        
Net Investment Income (Loss) After Taxes 190,053 146,774 554,590 394,253        
Net Realized and Change in Unrealized Gain (Loss) on Investments                
Net change in unrealized gain (loss) on investments 16,989 118,587 102,531 (123,423)        
Net realized gain on investments (104) 66 (52,776) 3,635        
Total Net Realized and Change in Unrealized Gain (Loss) 16,885 118,653 49,755 (119,788)        
Net Increase (Decrease) in Net Assets Resulting from Operations 206,938 265,427 604,345 274,465        
OBDC Senior Loan Fund                
Assets                
Investments at fair value 1,082,711   1,082,711     997,385    
Amortized Cost 1,103,369   1,103,369     1,033,388    
Cash 38,217   38,217     27,914    
Interest receivable 7,505   7,505     3,920    
Prepaid expenses and other assets 58,105   58,105     6,108    
Total Assets 1,188,736   1,188,736     1,035,327    
Liabilities                
Debt 719,643   719,643     685,265    
Unamortized debt issuance costs 5,240   5,240     6,117    
Distributions payable 14,449   14,449     11,095    
Payable for investments purchased 21,502   21,502     0    
Accrued expenses and other liabilities 10,615   10,615     8,703    
Total Liabilities 766,209   766,209     705,063    
Members' Equity                
Members' Equity 422,527   422,527     330,264    
Total Liabilities and Net Assets 1,188,736   1,188,736     $ 1,035,327    
Investment Income                
Interest income 29,362 19,140 79,868 41,884        
Other income 91 772 222 1,993        
Total investment income from non-controlled, non-affiliated investments 29,453 19,912 80,090 43,877        
Expenses                
Interest expense 13,817 7,419 37,873 14,965        
Professional fees 336 243 823 719        
Total Operating Expenses 14,153 7,662 38,696 15,684        
Net Investment Income (Loss) Before Taxes 15,300 12,250 41,394 28,193        
Tax expense (benefit) (920) 436 272 (184)        
Net Investment Income (Loss) After Taxes 16,220 11,814 41,122 28,377        
Net Realized and Change in Unrealized Gain (Loss) on Investments                
Net change in unrealized gain (loss) on investments 4,767 599 15,345 (33,610)        
Net realized gain on investments (1,500) 0 (3,146) 20        
Total Net Realized and Change in Unrealized Gain (Loss) 3,267 599 12,199 (33,590)        
Net Increase (Decrease) in Net Assets Resulting from Operations $ 19,487 $ 12,413 $ 53,321 $ (5,213)        
[1] Certain portfolio company investments are subject to contractual restrictions on sales. Refer to footnote 28 for additional information on our restricted securities.
[2] Unless otherwise indicated, all investments are considered Level 3 investments.
[3] Unless otherwise indicated, loan contains a variable rate structure and may be subject to an interest rate floor. Variable rate loans bear interest at a rate that may be determined by reference to either the Secured Overnight Financing Rate ("SOFR" or "S," which can include one-, three- or six- month SOFR), London Interbank Offered Rate (“LIBOR” or “L”, which can include one-, three- or six- month LIBOR), Euro Interbank Offered Rate (“EURIBOR”), Great Britain Pound London Interbank Offered Rate (“GBPLIBOR” or “G”, which can include three- or six-month GBPLIBOR), SONIA ("SONIA” or "SA") or an alternate base rate (which can include the Federal Funds Effective Rate or the Prime Rate), at the borrower’s option, and which reset periodically based on the terms of the loan agreement.
[4] Unless otherwise indicated, the Company’s portfolio companies are pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility, SPV Asset Facilities and CLOs. See Note 6 “Debt”.
[5] Certain portfolio company investments are subject to contractual restrictions on sales. Refer to footnote 28 for additional information on our restricted securities.
[6] Unless otherwise indicated, all investments are considered Level 3 investments.
[7] Unless otherwise indicated, the Company’s portfolio companies are pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility, SPV Asset Facilities and CLOs. See Note 6 “Debt”.
[8] As of September 30, 2023, the net estimated unrealized loss for U.S. federal income tax purposes was $38.5 million based on a tax cost basis of $12.9 billion. As of September 30, 2023, the estimated aggregate gross unrealized loss for U.S. federal income tax purposes was $343.2 million and the estimated aggregate gross unrealized gain for U.S. federal income tax purposes was $304.7 million.
[9] The amortized cost represents the original cost adjusted for the amortization or accretion of premium or discount, as applicable, on debt investments using the effective interest method.
[10] As of December 31, 2022, the net estimated unrealized loss for U.S. federal income tax purposes was $126.2 million based on a tax cost basis of $13.1 billion. As of December 31, 2022, the estimated aggregate gross unrealized loss for U.S. federal income tax purposes was $382.2 million and the estimated aggregate gross unrealized gain for U.S. federal income tax purposes was $256.0 million.
[11] The amortized cost represents the original cost adjusted for the amortization or accretion of premium or discount , as applicable, on debt investments using the effective interest method.