Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Schedule of Investments In and Advances to Affiliates - Footnotes (Details)

v3.25.4
Consolidated Schedule of Investments In and Advances to Affiliates - Footnotes (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Schedule of Investments [Line Items]      
Fair value $ 5,518,117 [1],[2],[3] $ 4,932,669 [4],[5],[6]  
Control investments      
Schedule of Investments [Line Items]      
Fair value 2,569,626 [2] 2,087,890 $ 2,006,698
Control investments | Midwest      
Schedule of Investments [Line Items]      
Fair value $ 577,141 $ 538,212  
Net assets, percentage (as a percent) 19.30% 19.20%  
Control investments | Northeast Region and Canada      
Schedule of Investments [Line Items]      
Fair value $ 159,964 $ 155,171  
Net assets, percentage (as a percent) 5.30% 5.50%  
Control investments | Southeast      
Schedule of Investments [Line Items]      
Fair value $ 201,583 $ 69,884  
Net assets, percentage (as a percent) 6.70% 2.50%  
Control investments | Southwest      
Schedule of Investments [Line Items]      
Fair value $ 1,086,531 $ 943,892  
Net assets, percentage (as a percent) 36.30% 33.70%  
Control investments | West      
Schedule of Investments [Line Items]      
Fair value $ 544,407 $ 380,731  
Net assets, percentage (as a percent) 18.20% 13.60%  
Affiliate investments      
Schedule of Investments [Line Items]      
Fair value $ 965,179 [2] $ 846,798 $ 615,002
Affiliate investments | Midwest      
Schedule of Investments [Line Items]      
Fair value $ 181,524 $ 235,058  
Net assets, percentage (as a percent) 6.10% 8.40%  
Affiliate investments | Northeast Region and Canada      
Schedule of Investments [Line Items]      
Fair value $ 160,902 $ 125,084  
Net assets, percentage (as a percent) 5.40% 4.50%  
Affiliate investments | Southeast      
Schedule of Investments [Line Items]      
Fair value $ 277,013 $ 155,663  
Net assets, percentage (as a percent) 9.30% 5.60%  
Affiliate investments | Southwest      
Schedule of Investments [Line Items]      
Fair value $ 219,616 $ 167,966  
Net assets, percentage (as a percent) 7.30% 6.00%  
Affiliate investments | West      
Schedule of Investments [Line Items]      
Fair value $ 126,124 $ 163,027  
Net assets, percentage (as a percent) 4.20% 5.80%  
[1] All portfolio company headquarters are based in the U.S., unless otherwise noted.
[2] Investment Fair Value was determined using significant unobservable inputs, unless otherwise noted. See Note C — Fair Value Hierarchy for Investments —Portfolio Composition for further discussion. Negative fair value is the result of the capitalized discount on the loan or the unfunded commitment being valued below par.
[3] All investments are LMM (as defined below) portfolio investments, unless otherwise noted. See Note C — Fair Value Hierarchy for Investments — Portfolio Composition for a description of LMM portfolio investments. All of the Company’s investments, unless otherwise noted, are encumbered either as security for the Corporate Facility or SPV Facility (each as defined below) or in support of the debentures guaranteed by the SBA (as defined below) and issued by the Funds (as defined below).
[4] All portfolio company headquarters are based in the U.S., unless otherwise noted.
[5] Investment Fair Value was determined using significant unobservable inputs, unless otherwise noted. See Note C — Fair Value Hierarchy for Investments — Portfolio Composition for further discussion. Negative fair value is the result of the capitalized discount on the loan or the unfunded commitment being valued below par.
[6] All investments are LMM portfolio investments, unless otherwise noted. See Note C — Fair Value Hierarchy for Investments — Portfolio Composition for a description of LMM portfolio investments. All of the Company’s investments, unless otherwise noted, are encumbered either as security for the Corporate Facility or SPV Facility or in support of the debentures guaranteed by the SBA and issued by the Funds.