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

FAIR VALUE HIERARCHY FOR INVESTMENTS???PORTFOLIO COMPOSITION - Schedule of Fair Value Measurement Inputs and Valuation Techniques (Details)

v3.25.4
FAIR VALUE HIERARCHY FOR INVESTMENTS—PORTFOLIO COMPOSITION - Schedule of Fair Value Measurement Inputs and Valuation Techniques (Details)
$ in Thousands
Dec. 31, 2025
USD ($)
decimal
Dec. 31, 2024
USD ($)
decimal
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Total Level 3 investments | $ $ 1,335,387 [1],[2],[3] $ 1,177,507 [4],[5],[6]
Significant Unobservable Inputs (Level 3)    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Total Level 3 investments | $ $ 1,335,387 $ 1,177,507
Significant Unobservable Inputs (Level 3) | Minimum | EBITDA multiple, outlier    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Measurement input 1.2 2
Significant Unobservable Inputs (Level 3) | Minimum | Risk adjusted discount factor, outlier    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Measurement input 0.054 0.068
Significant Unobservable Inputs (Level 3) | Maximum | EBITDA multiple, outlier    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Measurement input 13.5 17
Significant Unobservable Inputs (Level 3) | Maximum | Risk adjusted discount factor, outlier    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Measurement input 0.404 0.383
Significant Unobservable Inputs (Level 3) | Equity investments | Discounted cash flow    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Total Level 3 investments | $ $ 317,892 $ 281,831
Significant Unobservable Inputs (Level 3) | Equity investments | Discounted cash flow | Minimum | WACC    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Measurement input 0.114 0.115
Significant Unobservable Inputs (Level 3) | Equity investments | Discounted cash flow | Maximum | WACC    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Measurement input 0.222 0.225
Significant Unobservable Inputs (Level 3) | Equity investments | Discounted cash flow | Weighted Average | WACC    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Measurement input 0.145 0.148
Significant Unobservable Inputs (Level 3) | Equity investments | Discounted cash flow | Median | WACC    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Measurement input 0.150 0.151
Significant Unobservable Inputs (Level 3) | Equity investments | Market comparable / Enterprise value | Minimum | EBITDA multiple    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Measurement input 5.0 4.9
Significant Unobservable Inputs (Level 3) | Equity investments | Market comparable / Enterprise value | Maximum | EBITDA multiple    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Measurement input 8.9 9.0
Significant Unobservable Inputs (Level 3) | Equity investments | Market comparable / Enterprise value | Weighted Average | EBITDA multiple    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Measurement input 7.1 6.6
Significant Unobservable Inputs (Level 3) | Equity investments | Market comparable / Enterprise value | Median | EBITDA multiple    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Measurement input 7.0 6.5
Significant Unobservable Inputs (Level 3) | Debt investments | Discounted cash flow    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Total Level 3 investments | $ $ 1,012,883 $ 862,813
Significant Unobservable Inputs (Level 3) | Debt investments | Discounted cash flow | Minimum | Risk adjusted discount factor    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Measurement input 0.075 0.085
Significant Unobservable Inputs (Level 3) | Debt investments | Discounted cash flow | Minimum | Expected principal recovery percentage    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Measurement input 0.000 0.003
Significant Unobservable Inputs (Level 3) | Debt investments | Discounted cash flow | Maximum | Risk adjusted discount factor    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Measurement input 0.180 0.180
Significant Unobservable Inputs (Level 3) | Debt investments | Discounted cash flow | Maximum | Expected principal recovery percentage    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Measurement input 5.000 1.000
Significant Unobservable Inputs (Level 3) | Debt investments | Discounted cash flow | Weighted Average | Risk adjusted discount factor    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Measurement input 0.120 0.132
Significant Unobservable Inputs (Level 3) | Debt investments | Discounted cash flow | Weighted Average | Expected principal recovery percentage    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Measurement input 1.000 0.997
Significant Unobservable Inputs (Level 3) | Debt investments | Discounted cash flow | Median | Risk adjusted discount factor    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Measurement input 0.113 0.121
Significant Unobservable Inputs (Level 3) | Debt investments | Discounted cash flow | Median | Expected principal recovery percentage    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Measurement input 1.000 1.000
Significant Unobservable Inputs (Level 3) | Debt investments | Market approach    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Total Level 3 investments | $ $ 4,612 $ 32,863
Significant Unobservable Inputs (Level 3) | Debt investments | Market approach | Minimum | Third-party quote    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Measurement input 14.5 21.0
Significant Unobservable Inputs (Level 3) | Debt investments | Market approach | Maximum | Third-party quote    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Measurement input 63.0 99.4
Significant Unobservable Inputs (Level 3) | Debt investments | Market approach | Weighted Average | Third-party quote    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Measurement input 45.1 82.9
Significant Unobservable Inputs (Level 3) | Debt investments | Market approach | Median | Third-party quote    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Measurement input 40.8 84.5
[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 Fund’s investments, unless otherwise noted, are encumbered as security for one of the Fund’s Credit Facilities (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 Fund’s investments, unless otherwise noted, are encumbered as security for one of the Fund’s Credit Facilities.