XML 47 R36.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Investments - Schedule of Investments at Fair Value and Amortized Cost (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Schedule of Investments [Line Items]    
Amortized Cost $ 13,314,048 [1],[2],[3],[4],[5] $ 12,632,202 [6],[7],[8],[9],[10],[11]
Fair Value 13,341,982 [3],[4],[5] 12,713,348 [6],[9],[10],[11]
First-lien senior secured debt investments    
Schedule of Investments [Line Items]    
Amortized Cost 10,146,454 8,703,586
Fair Value 10,071,753 8,660,754
Second-lien senior secured debt investments    
Schedule of Investments [Line Items]    
Amortized Cost 971,114 1,858,354
Fair Value 837,508 1,774,984
Unsecured debt investments    
Schedule of Investments [Line Items]    
Amortized Cost 289,319 300,744
Fair Value 289,478 292,751
Preferred equity investments    
Schedule of Investments [Line Items]    
Amortized Cost 387,692 429,872
Fair Value 388,702 433,297
Common equity investments    
Schedule of Investments [Line Items]    
Amortized Cost 1,122,318 986,682
Fair Value 1,371,261 1,208,776
Joint ventures    
Schedule of Investments [Line Items]    
Amortized Cost 397,151 352,964
Fair Value $ 383,280 $ 342,786
[1] As of June 30, 2024, the net estimated unrealized loss for U.S. federal income tax purposes was $60.9 million based on a tax cost basis of $13.4 billion. As of June 30, 2024, the estimated aggregate gross unrealized loss for U.S. federal income tax purposes was $434.6 million and the estimated aggregate gross unrealized gain for U.S. federal income tax purposes was $373.7 million.
[2] 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.
[3] Unless otherwise indicated, all investments are considered Level 3 investments.
[4] 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 5 “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, 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.
[7] 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.
[8] 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.
[9] Unless otherwise indicated, all investments are considered Level 3 investments.
[10] 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 5 “Debt”.
[11] Certain portfolio company investments are subject to contractual restrictions on sales. Refer to footnote 26 for additional information on our restricted securities.