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INVESTMENTS (Tables)
9 Months Ended
Sep. 30, 2024
Schedule of Investments [Abstract]  
Schedule of Investments
The composition of the Company’s investment portfolio at cost and fair value was as follows:
September 30, 2024
December 31, 2023(1)
CostFair Value% of Total Investments at Fair ValueCostFair Value% of Total Investments at Fair Value
First Lien Debt$3,506,164 $3,492,302 96.0 %$3,027,413 $3,004,544 94.1 %
Second Lien Debt93,422 84,074 2.3 146,014 132,415 4.1 
Other Debt Investments9,525 8,809 0.2 3,410 2,064 0.1 
Equity53,507 55,139 1.5 49,939 54,538 1.7 
Total$3,662,618 $3,640,324 100.0 %$3,226,776 $3,193,561 100.0 %
(1) The Company reclassified certain investment composition groupings by breaking out Other Securities into Other Debt Investments and Equity. These reclassifications had no impact on the Consolidated Statements of Assets and Liabilities as of December 31, 2023.
The industry composition of investments at fair value was as follows:
September 30, 2024December 31, 2023
Aerospace & Defense2.2 %2.2 %
Air Freight & Logistics0.4 1.1 
Automobile Components3.1 3.5 
Automobiles3.7 4.7 
Biotechnology0.8 0.5 
Building Products0.4 — 
Chemicals0.6 0.6 
Commercial Services & Supplies10.5 9.6 
Construction & Engineering2.1 1.5 
Consumer Staples Distribution & Retail0.6 — 
Containers & Packaging1.2 1.4 
Distributors2.5 2.9 
Diversified Consumer Services4.8 2.5 
Electronic Equipment, Instruments & Components1.8 2.1 
Energy Equipment & Services0.4 0.5 
Financial Services2.3 1.9 
Food Products2.1 2.3 
Ground Transportation0.6 — 
Health Care Equipment & Supplies0.6 0.7 
Health Care Providers & Services4.4 4.6 
Health Care Technology1.7 1.9 
Industrial Conglomerates1.2 1.3 
Insurance Services12.6 14.9 
Interactive Media & Services2.8 3.2 
IT Services8.7 8.7 
Leisure Products— 0.7 
Life Sciences Tools & Services0.3 — 
Machinery0.9 2.1 
Multi-Utilities0.5 0.7 
Pharmaceuticals0.3 0.4 
Professional Services4.2 3.8 
Real Estate Management & Development3.8 5.3 
Software17.7 14.2 
Wireless Telecommunication Services0.2 0.2 
Total100.0 %100.0 %

The geographic composition of investments at cost and fair value was as follows:
September 30, 2024December 31, 2023
CostFair Value% of Total
Investments at
Fair Value
CostFair Value% of Total
Investments at
Fair Value
Australia$8,814 $8,993 0.2 %$16,985 $17,048 0.5 %
Canada155,574 156,246 4.3 98,674 98,387 3.1 
United Kingdom12,007 11,443 0.3 12,398 12,629 0.4 
United States3,486,223 3,463,642 95.2 3,098,719 3,065,497 96.0 
Total$3,662,618 $3,640,324 100.0 %$3,226,776 $3,193,561 100.0 %