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) | | | Cost | | Fair Value | | % of Total Investments at Fair Value | | Cost | | Fair 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 Debt | | 93,422 | | | 84,074 | | | 2.3 | | | 146,014 | | | 132,415 | | | 4.1 | | Other Debt Investments | | 9,525 | | | 8,809 | | | 0.2 | | | 3,410 | | | 2,064 | | | 0.1 | | Equity | | 53,507 | | | 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, 2024 | | December 31, 2023 | | Aerospace & Defense | | 2.2 | | % | 2.2 | | % | Air Freight & Logistics | | 0.4 | | | 1.1 | | | Automobile Components | | 3.1 | | | 3.5 | | | Automobiles | | 3.7 | | | 4.7 | | | Biotechnology | | 0.8 | | | 0.5 | | | Building Products | | 0.4 | | | — | | | Chemicals | | 0.6 | | | 0.6 | | | Commercial Services & Supplies | | 10.5 | | | 9.6 | | | Construction & Engineering | | 2.1 | | | 1.5 | | | Consumer Staples Distribution & Retail | | 0.6 | | | — | | | Containers & Packaging | | 1.2 | | | 1.4 | | | Distributors | | 2.5 | | | 2.9 | | | Diversified Consumer Services | | 4.8 | | | 2.5 | | | Electronic Equipment, Instruments & Components | | 1.8 | | | 2.1 | | | Energy Equipment & Services | | 0.4 | | | 0.5 | | | Financial Services | | 2.3 | | | 1.9 | | | Food Products | | 2.1 | | | 2.3 | | | Ground Transportation | | 0.6 | | | — | | | Health Care Equipment & Supplies | | 0.6 | | | 0.7 | | | Health Care Providers & Services | | 4.4 | | | 4.6 | | | Health Care Technology | | 1.7 | | | 1.9 | | | Industrial Conglomerates | | 1.2 | | | 1.3 | | | Insurance Services | | 12.6 | | | 14.9 | | | Interactive Media & Services | | 2.8 | | | 3.2 | | | IT Services | | 8.7 | | | 8.7 | | | Leisure Products | | — | | | 0.7 | | | Life Sciences Tools & Services | | 0.3 | | | — | | | Machinery | | 0.9 | | | 2.1 | | | Multi-Utilities | | 0.5 | | | 0.7 | | | Pharmaceuticals | | 0.3 | | | 0.4 | | | Professional Services | | 4.2 | | | 3.8 | | | Real Estate Management & Development | | 3.8 | | | 5.3 | | | Software | | 17.7 | | | 14.2 | | | Wireless Telecommunication Services | | 0.2 | | | 0.2 | | | Total | | 100.0 | | % | 100.0 | | % |
The geographic composition of investments at cost and fair value was as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2024 | | December 31, 2023 | | | Cost | | Fair Value | | % of Total Investments at Fair Value | | Cost | | Fair Value | | % of Total Investments at Fair Value | Australia | | $ | 8,814 | | | $ | 8,993 | | | 0.2 | % | | $ | 16,985 | | | $ | 17,048 | | | 0.5 | % | Canada | | 155,574 | | | 156,246 | | | 4.3 | | | 98,674 | | | 98,387 | | | 3.1 | | United Kingdom | | 12,007 | | | 11,443 | | | 0.3 | | | 12,398 | | | 12,629 | | | 0.4 | | United States | | 3,486,223 | | | 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 | % |
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