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Investments - Schedule of Financial Information for OBDC SLF (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Assets                
Investments at fair value $ 12,713,348 [1],[2],[3],[4] $ 13,010,345 [5],[6],[7]            
Amortized Cost 12,632,202 [1],[2],[3],[4],[8],[9] 13,046,132 [5],[6],[7],[10],[11]            
Interest receivable 112,260 108,085            
Prepaid expenses and other assets 3,152 3,627            
Total Assets 13,511,396 13,584,853            
Liabilities                
Debt 7,077,088 7,281,744            
Unamortized debt issuance costs 81,492 95,647            
Distributions payable 136,407 129,517            
Accrued expenses and other liabilities 182,745 202,793            
Total Liabilities 7,490,003 7,702,450            
Members' Equity                
Members' Equity 6,021,393 5,882,403 $ 5,937,877 $ 5,746,434 $ 5,977,283 $ 3,264,845 $ 1,472,579 $ 680,525
Total Liabilities and Net Assets 13,511,396 13,584,853            
Investment Income                
Total investment income from non-controlled, non-affiliated investments 1,582,094 1,202,004 1,021,403          
Expenses                
Interest expense 436,306 307,539 219,132          
Professional fees 15,532 14,709 15,071          
Total Operating Expenses 815,724 639,476 527,257          
Net Investment Income (Loss) Before Taxes 766,370 562,528 494,146          
Tax expense (benefit) 12,759 5,810 4,009          
Net Investment Income (Loss) After Taxes 753,611 556,718 490,137          
Net Realized and Change in Unrealized Gain (Loss) on Investments                
Net change in unrealized gain (loss) on investments 92,946 (94,509) 179,824          
Net realized gain on investments (53,245) 4,146 (45,079)          
Total Net Realized and Change in Unrealized Gain (Loss) 39,701 (90,363) 134,745          
Net Increase (Decrease) in Net Assets Resulting from Operations 793,312 466,355 624,882          
OBDC Senior Loan Fund                
Assets                
Investments at fair value 1,087,898 997,385            
Amortized Cost 1,101,110 1,033,388            
Cash 37,617 27,914            
Interest receivable 7,734 3,920            
Prepaid expenses and other assets 6,992 6,108            
Total Assets 1,140,241 1,035,327            
Liabilities                
Debt 721,953 685,265            
Unamortized debt issuance costs 4,930 6,117            
Distributions payable 14,832 11,095            
Accrued expenses and other liabilities 11,701 8,703            
Total Liabilities 748,486 705,063            
Members' Equity                
Members' Equity 391,755 330,264            
Total Liabilities and Net Assets 1,140,241 1,035,327            
Investment Income                
Interest income 110,439 63,220 30,836          
Other income 678 2,599 344          
Total investment income from non-controlled, non-affiliated investments 111,117 65,819 31,180          
Expenses                
Interest expense 52,148 25,182 9,745          
Professional fees 1,415 935 797          
Total Operating Expenses 53,563 26,117 10,542          
Net Investment Income (Loss) Before Taxes 57,554 39,702 20,638          
Tax expense (benefit) 832 260 731          
Net Investment Income (Loss) After Taxes 56,722 39,442 19,907          
Net Realized and Change in Unrealized Gain (Loss) on Investments                
Net change in unrealized gain (loss) on investments 22,791 (32,078) 663          
Net realized gain on investments (4,131) 27 207          
Total Net Realized and Change in Unrealized Gain (Loss) 18,660 (32,051) 870          
Net Increase (Decrease) in Net Assets Resulting from Operations $ 75,382 $ 7,391 $ 20,777          
[1] 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), 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.
[2] Unless otherwise indicated, all investments are considered Level 3 investments.
[3] Unless otherwise indicated, the Company’s portfolio companies are pledged as collateral supporting the amounts outstanding under the Revolving Credit Facility, SPV Asset Facility and CLOs. See Note 6 “Debt”.
[4] Certain portfolio company investments are subject to contractual restrictions on sales. Refer to footnote 26 for additional information on our restricted securities.
[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 December 31, 2023, the net estimated unrealized loss for U.S. federal income tax purposes was $0.4 million based on a tax cost basis of $12.7 billion. As of December 31, 2023, the estimated aggregate gross unrealized loss for U.S. federal income tax purposes was $325.3 million and the estimated aggregate gross unrealized gain for U.S. federal income tax purposes was $324.9 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.