INVESTMENTS |
INVESTMENTS The composition of the Company’s investment portfolio at cost and fair value was as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2023 | | December 31, 2022 | | | Cost | | Fair Value | | % of Total Investments at Fair Value | | Cost | | Fair Value | | % of Total Investments at Fair Value | First Lien Debt | | $ | 3,027,413 | | | $ | 3,004,544 | | | 94.1 | % | | $ | 2,753,620 | | | $ | 2,694,111 | | | 93.8 | % | Second Lien Debt | | 146,014 | | | 132,415 | | | 4.1 | | | 136,620 | | | 128,350 | | | 4.5 | | Other Investments | | 53,349 | | | 56,602 | | | 1.8 | | | 49,406 | | | 51,127 | | | 1.7 | | Total | | $ | 3,226,776 | | | $ | 3,193,561 | | | 100.0 | % | | $ | 2,939,646 | | | $ | 2,873,588 | | | 100.0 | % |
The industry composition of investments at fair value was as follows: | | | | | | | | | | | | | | | | | | | | December 31, 2023 | | December 31, 2022(1) | | Aerospace & Defense | | 2.2 | | % | 1.8 | | % | Air Freight & Logistics | | 1.1 | | | 1.1 | | | Automobile Components | | 3.5 | | | 3.8 | | | Automobiles | | 4.7 | | | 5.1 | | | Biotechnology | | 0.5 | | | 0.5 | | | Chemicals | | 0.6 | | | 0.6 | | | Commercial Services & Supplies | | 9.6 | | | 11.2 | | | Construction & Engineering | | 1.5 | | | 1.3 | | | Containers & Packaging | | 1.4 | | | 1.6 | | | Distributors | | 2.9 | | | 4.2 | | | Diversified Consumer Services | | 2.5 | | | 3.0 | | | Electronic Equipment, Instruments & Components | | 2.1 | | | 1.0 | | | Energy Equipment & Services | | 0.5 | | | 0.5 | | | Financial Services | | 1.9 | | | 0.7 | | | Food Products | | 2.3 | | | 2.5 | | | Health Care Equipment & Supplies | | 0.7 | | | 0.3 | | | Health Care Providers & Services | | 4.6 | | | 3.4 | | | Health Care Technology | | 1.9 | | | 0.7 | | | Industrial Conglomerates | | 1.3 | | | 0.2 | | | Insurance Services | | 14.9 | | | 15.7 | | | Interactive Media & Services | | 3.2 | | | 3.5 | | | IT Services | | 8.7 | | | 9.6 | | | Leisure Products | | 0.7 | | | 0.8 | | | Machinery | | 2.1 | | | 3.0 | | | Multi-Utilities | | 0.7 | | | 0.6 | | | Oil, Gas & Consumable Fuels | | — | | | 0.0 | | (2) | Pharmaceuticals | | 0.4 | | | 0.4 | | | Professional Services | | 3.8 | | | 3.2 | | | Real Estate Management & Development | | 5.3 | | | 5.4 | | | Software | | 14.2 | | | 14.3 | | | Wireless Telecommunication Services | | 0.2 | | | — | | | Total | | 100.0 | | % | 100.0 | | % |
(1) The Company reclassified certain industry groupings of its portfolio companies presented in the consolidated financial statements as of December 31, 2022 to align with the recently updated GICS, where applicable. These reclassifications had no impact on the Consolidated Statement of Assets and Liabilities as of December 31, 2022. (2) Amount rounds to 0.0%. The geographic composition of investments at cost and fair value was as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2023 | | December 31, 2022 | | | Cost | | Fair Value | | % of Total Investments at Fair Value | | Cost | | Fair Value | | % of Total Investments at Fair Value | Australia | | $ | 16,985 | | | $ | 17,048 | | | 0.5 | % | | $ | 10,187 | | | $ | 9,870 | | | 0.3 | % | Canada | | 98,674 | | | 98,387 | | | 3.1 | | | 108,820 | | | 105,764 | | | 3.7 | | United Kingdom | | 12,398 | | | 12,629 | | | 0.4 | | | 11,157 | | | 11,157 | | | 0.4 | | United States | | 3,098,719 | | | 3,065,497 | | | 96.0 | | | 2,809,482 | | | 2,746,797 | | | 95.6 | | Total | | $ | 3,226,776 | | | $ | 3,193,561 | | | 100.0 | % | | $ | 2,939,646 | | | $ | 2,873,588 | | | 100.0 | % |
|