Cover
Cover - shares | 6 Months Ended | |
Jun. 30, 2023 | Aug. 02, 2023 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Jun. 30, 2023 | |
Document Transition Report | false | |
Securities Act File Number | 000-54755 | |
Entity Registrant Name | CĪON Investment Corporation | |
Entity Incorporation, State or Country Code | MD | |
Entity Tax Identification Number | 45-3058280 | |
Entity Address, Address Line One | 100 Park Avenue | |
Entity Address, Address Line Two | 25th Floor | |
Entity Address, City or Town | New York | |
Entity Address, State or Province | NY | |
Entity Address, Postal Zip Code | 10017 | |
City Area Code | (212) | |
Local Phone Number | 418-4700 | |
Title of 12(b) Security | Common stock, par value $0.001 per share | |
Trading Symbol | CION | |
Security Exchange Name | NYSE | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Accelerated Filer | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 54,575,136 | |
Central Index Key | 0001534254 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --12-31 | |
Document Fiscal Year Focus | 2023 | |
Document Fiscal Period Focus | Q2 |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 | |
Assets | |||
Investments, at fair value: | $ 1,788,462 | [1] | $ 1,760,030 |
Cash | 11,515 | 82,739 | |
Interest receivable on investments | 33,200 | 26,526 | |
Receivable due on investments sold and repaid | 997 | 1,016 | |
Dividends receivable on controlled investments | 0 | 1,275 | |
Prepaid expenses and other assets | 608 | 825 | |
Total assets | 1,834,782 | 1,872,411 | |
Liabilities | |||
Financing arrangements (net of unamortized debt issuance costs of $8,976 and $6,178, respectively) | 976,737 | 951,322 | |
Accounts payable and accrued expenses | 1,344 | 1,012 | |
Interest payable | 8,183 | 7,820 | |
Accrued management fees | 6,546 | 6,924 | |
Accrued subordinated incentive fee on income | 4,967 | 5,065 | |
Accrued administrative services expense | 574 | 1,703 | |
Shareholder distribution payable | 67 | 14,931 | |
Total liabilities | 998,418 | 988,777 | |
Commitments and contingencies (Note 4 and Note 11) | |||
Shareholders' Equity | |||
Common stock, $0.001 par value; 500,000,000 shares authorized; 54,961,455 and 55,299,484 shares issued and 54,961,455 and 55,299,484 shares outstanding, respectively | 55 | 55 | |
Capital in excess of par value | 1,037,729 | 1,044,547 | |
Accumulated distributable losses | (201,420) | (160,968) | |
Total shareholders' equity | 836,364 | 883,634 | |
Total liabilities and shareholders' equity | $ 1,834,782 | $ 1,872,411 | |
Net asset value per share of common stock at end of period | $ 15.31 | $ 15.98 | |
Non-controlled, non-affiliated investments | |||
Assets | |||
Investments, at fair value: | $ 1,510,372 | $ 1,525,040 | |
Non-controlled, affiliated investments | |||
Assets | |||
Investments, at fair value: | 198,084 | 143,876 | |
Controlled investments | |||
Assets | |||
Investments, at fair value: | $ 80,006 | $ 91,114 | |
[1]Fair value determined in good faith by the Company’s board of directors (see Note 9), including via delegation to CIM as the Company’s valuation designee (see Note 2), using significant unobservable inputs unless otherwise noted. |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 | |
Investments, cost | $ 1,865,013 | [1] | $ 1,803,609 |
Deferred financing costs, net | $ 8,976 | $ 6,178 | |
Common stock par or stated value per share (in dollars per share) | $ 0.001 | $ 0.001 | |
Common stock, shares authorized (in shares) | 500,000,000 | 500,000,000 | |
Common stock, shares issued (in shares) | 54,645,571 | 55,299,484 | |
Common stock, shares outstanding (in shares) | 54,632,827 | 55,299,484 | |
Non-controlled, non-affiliated investments | |||
Investments, cost | $ 1,583,865 | $ 1,580,844 | |
Non-controlled, affiliated investments | |||
Investments, cost | 204,248 | 140,344 | |
Controlled investments | |||
Investments, cost | $ 76,900 | $ 82,421 | |
[1]Represents amortized cost for debt securities and cost for equity investments. |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | |
Investment income | |||||
Fee income | $ 1,631 | $ 2,567 | $ 4,694 | $ 4,009 | $ 9,544 |
Total investment income | 58,496 | 43,552 | 123,471 | 85,235 | 194,898 |
Operating expenses | |||||
Management fees | 6,546 | 6,839 | 13,222 | 13,494 | 27,361 |
Administrative services expense | 910 | 781 | 1,747 | 1,501 | 3,348 |
Subordinated incentive fee on income | 11,300 | 8,224 | 18,710 | ||
General and administrative | 2,074 | 1,712 | 4,029 | 3,934 | 7,278 |
Interest expense | 20,467 | 10,841 | 39,776 | 19,300 | 49,624 |
Total operating expenses | 34,962 | 24,264 | 70,074 | 46,453 | 106,321 |
Net investment income before taxes | 23,534 | 19,288 | 53,397 | 38,782 | 88,577 |
Income tax expense, including excise tax | 118 | 0 | 123 | 11 | 372 |
Net investment income after taxes | 23,416 | 19,288 | 53,274 | 38,771 | 88,205 |
Realized and unrealized (losses) gains | |||||
Net realized (losses) gains | (18,928) | 180 | (23,453) | 111 | (32,747) |
Foreign currency | 0 | 0 | 0 | 0 | (3) |
Net realized (losses) gains | (18,928) | 180 | (23,453) | 111 | (32,750) |
Net change in unrealized appreciation (depreciation) | 23,406 | (20,734) | (32,972) | (32,259) | (5,314) |
Net realized and unrealized gains (losses) | 4,478 | (20,554) | (56,425) | (32,148) | (38,064) |
Net increase (decrease) in net assets resulting from operations | $ 27,894 | $ (1,266) | $ (3,151) | $ 6,623 | $ 50,141 |
Per share information—basic and diluted | |||||
Net increase (decrease) in net assets per share resulting from operations (in dollars per share) | $ 0.51 | $ (0.02) | $ (0.06) | $ 0.12 | $ 0.89 |
Net investment income per share (in dollars per share) | $ 0.43 | $ 0.34 | $ 0.97 | $ 0.68 | $ 1.56 |
Weighted average shares of common stock outstanding - basic (in shares) | 54,788,740 | 56,958,440 | 54,948,225 | 56,958,440 | 56,556,510 |
Weighted average shares of common stock outstanding - diluted (in shares) | 54,788,740 | 56,958,440 | 54,948,225 | 56,958,440 | 56,556,510 |
Non-controlled, non-affiliated investments | |||||
Investment income | |||||
Interest income | $ 47,117 | $ 31,749 | $ 89,885 | $ 62,743 | $ 140,560 |
Paid-in-kind interest income | 4,297 | 4,613 | 9,128 | 9,219 | 22,737 |
Fee income | 1,154 | 2,554 | 2,297 | 3,503 | 9,019 |
Dividend income | 0 | 0 | 0 | 46 | 103 |
Realized and unrealized (losses) gains | |||||
Net realized (losses) gains | (18,928) | 180 | (23,453) | 208 | (11,217) |
Net change in unrealized appreciation (depreciation) | 23,396 | (17,482) | (17,690) | (24,977) | (19,807) |
Non-controlled, affiliated investments | |||||
Investment income | |||||
Interest income | 1,734 | 1,545 | 4,208 | 2,568 | 5,865 |
Paid-in-kind interest income | 1,751 | 874 | 3,482 | 2,319 | 6,204 |
Fee income | 477 | 13 | 2,397 | 506 | 525 |
Dividend income | 52 | 53 | 3,933 | 53 | 79 |
Realized and unrealized (losses) gains | |||||
Net realized (losses) gains | 0 | 0 | 0 | (97) | (21,530) |
Net realized (losses) gains | 0 | (21,530) | |||
Net change in unrealized appreciation (depreciation) | 595 | (1,577) | (9,695) | (5,357) | 13,523 |
Controlled investments | |||||
Investment income | |||||
Interest income | 1,914 | 1,742 | 3,891 | 3,869 | 6,049 |
Paid-in-kind interest income | 0 | 409 | 0 | 409 | 2,482 |
Dividend income | 0 | 0 | 4,250 | 0 | 1,275 |
Realized and unrealized (losses) gains | |||||
Net realized (losses) gains | 0 | 0 | |||
Net change in unrealized appreciation (depreciation) | $ (585) | $ (1,675) | $ (5,587) | $ (1,925) | $ 970 |
Consolidated Statements of Chan
Consolidated Statements of Changes in Net Assets - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | |
Changes in net assets from operations: | |||||
Net investment income | $ 23,416 | $ 19,288 | $ 53,274 | $ 38,771 | $ 88,205 |
Net realized (loss) gain on investments | (18,928) | 180 | (23,453) | 111 | (32,747) |
Net realized loss on foreign currency | 0 | 0 | 0 | 0 | (3) |
Net change in unrealized appreciation (depreciation) on investments | 23,406 | (20,734) | (32,972) | (32,259) | (5,314) |
Net increase (decrease) in net assets resulting from operations | 27,894 | (1,266) | (3,151) | 6,623 | 50,141 |
Changes in net assets from shareholders' distributions: | |||||
Net decrease in net assets resulting from shareholders' distributions | (18,614) | (15,949) | (37,301) | (31,897) | (81,575) |
Changes in net assets from capital share transactions: | |||||
Repurchase of common stock | (3,226) | 0 | (6,818) | 0 | (15,444) |
Net decrease in net assets resulting from capital share transactions | (3,226) | 0 | (6,818) | 0 | (15,444) |
Total increase (decrease) in net assets | 6,054 | (17,215) | (47,270) | (25,274) | (46,878) |
Net assets at beginning of period | 830,310 | 922,453 | 883,634 | 930,512 | 930,512 |
Net assets at end of period | $ 836,364 | $ 905,238 | $ 836,364 | $ 905,238 | $ 883,634 |
Net asset value per share of common stock at end of period (in dollars per share) | $ 15.31 | $ 15.89 | $ 15.31 | $ 15.89 | $ 15.98 |
Shares of common stock outstanding at end of period (in shares) | 54,632,827 | 56,958,440 | 54,632,827 | 56,958,440 | 55,299,484 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | |
Operating activities: | |||||
Net increase (decrease) in net assets resulting from operations | $ 27,894 | $ (1,266) | $ (3,151) | $ 6,623 | $ 50,141 |
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash (used in) provided by operating activities: | |||||
Net accretion of discount on investments | (2,601) | (2,478) | (6,943) | (4,974) | (11,032) |
Proceeds from principal repayment of investments | 52,809 | 102,963 | 110,271 | 161,710 | 407,174 |
Purchase of investments | (69,885) | (173,224) | (92,933) | (311,047) | (550,538) |
Paid-in-kind interest and dividends capitalized | (6,049) | (5,897) | (12,611) | (11,948) | (31,446) |
(Increase) decrease in short term investments, net | (34,444) | 1,418 | (89,901) | 73,572 | 77,048 |
Proceeds from sale of investments | 1,789 | 6,591 | 10,601 | 8,875 | 62,586 |
Net realized loss (gain) on investments | 18,928 | (180) | 23,453 | (111) | 32,747 |
Net change in unrealized (appreciation) depreciation on investments | (23,406) | 20,734 | 32,972 | 32,259 | 5,314 |
Amortization of debt issuance costs | 1,001 | 812 | 1,896 | 1,504 | 3,175 |
(Increase) decrease in interest receivable on investments | (8,117) | (746) | (10,014) | (162) | (2,821) |
(Increase) decrease in dividends receivable on investments | 0 | 0 | 1,275 | 0 | (1,275) |
(Increase) decrease in receivable due on investments sold and repaid | 2,242 | 4,590 | 19 | 141 | 1,838 |
(Increase) decrease in prepaid expenses and other assets | 3,944 | 1,506 | 217 | (1,646) | (359) |
Increase (decrease) in payable for investments purchased | 0 | 11,635 | 0 | 308 | (11,327) |
Increase (decrease) in accounts payable and accrued expenses | 269 | 332 | 332 | (728) | (910) |
Increase (decrease) in interest payable | 1,176 | 2,430 | 363 | 1,264 | 3,481 |
Increase (decrease) in accrued management fees | (130) | 184 | (378) | 166 | 251 |
Increase (decrease) in accrued administrative services expense | (120) | 154 | (1,129) | (1,065) | 108 |
Increase (decrease) in subordinated incentive fee on income payable | (1,367) | (42) | (98) | 149 | 1,123 |
Increase (decrease) in share repurchase payable | 67 | 0 | 67 | 0 | 0 |
Net cash (used in) provided by operating activities | (36,000) | (30,484) | (35,692) | (45,110) | 35,278 |
Financing activities: | |||||
Repurchase of common stock | (3,226) | 0 | (6,818) | 0 | (15,444) |
Shareholders' distributions paid | (18,614) | (15,949) | (52,232) | (31,897) | (66,644) |
Repayments under financing arrangements | (25,000) | 0 | (52,500) | 0 | 0 |
Borrowings under financing arrangements | 0 | 72,500 | 80,712 | 117,500 | 127,500 |
Debt issuance costs paid | (1,661) | (1,025) | (4,694) | (1,725) | (1,725) |
Net cash (used in) provided by financing activities | (48,501) | 55,526 | (35,532) | 83,878 | 43,687 |
Net (decrease) increase in cash | (84,501) | 25,042 | (71,224) | 38,768 | 78,965 |
Cash, beginning of period | 96,016 | 17,500 | 82,739 | 3,774 | 3,774 |
Cash, end of period | 11,515 | 42,542 | 11,515 | 42,542 | 82,739 |
Supplemental disclosure of cash flow information: | |||||
Cash paid for interest | 18,284 | 7,586 | 37,498 | 16,511 | 42,930 |
Supplemental non-cash financing activities: | |||||
Restructuring of portfolio investment | 33,373 | 0 | 79,359 | 0 | 50,554 |
Cash interest receivable exchanged for additional securities | $ 1,353 | $ 0 | $ 2,265 | $ 0 | $ 0 |
Consolidated Schedule of Invest
Consolidated Schedule of Investments (unaudited) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |||
Cost | $ 1,865,013 | [1] | $ 1,803,609 | |||
Fair Value | 1,788,462 | [2] | 1,760,030 | |||
LIABILITIES IN EXCESS OF OTHER ASSETS | (952,098) | [2] | (876,396) | |||
NET ASSETS | 836,364 | [2] | 883,634 | $ 930,512 | ||
Senior Secured First Lien Debt | ||||||
Cost | 1,546,799 | [1] | 1,638,995 | |||
Fair Value | 1,468,630 | [2] | 1,579,512 | |||
Senior Secured Second Lien Debt | ||||||
Cost | 41,153 | [1] | 41,036 | |||
Fair Value | 39,544 | [2] | 38,769 | |||
Collateralized securities and structured products - equity | ||||||
Cost | 2,510 | [1] | 2,687 | |||
Fair Value | 1,046 | [2] | 1,179 | |||
Unsecured debt | ||||||
Cost | 34,635 | [1] | 30,427 | |||
Fair Value | 17,301 | [2] | 22,643 | |||
Equity | ||||||
Cost | 139,145 | [1] | 79,595 | |||
Fair Value | 161,170 | [2] | 107,058 | |||
Short term investments | ||||||
Cost | 100,771 | [1] | 10,869 | |||
Fair Value | 100,771 | [2] | 10,869 | |||
Investment, Identifier [Axis]: AHF Parent Holding, Inc., Senior Secured First Lien Debt, 2/1/2028 Maturity | ||||||
Principal Amount | 2,813 | [3],[4],[5] | 2,944 | [6],[7] | ||
Cost | 2,767 | [4],[5] | 2,891 | [6],[7] | ||
Fair Value | 2,714 | [4],[5] | 2,771 | [6],[7] | ||
Investment, Identifier [Axis]: ALM Media, LLC, Senior Secured First Lien Debt, 11/25/2024 Maturity | ||||||
Principal Amount | 16,421 | [3],[4],[5],[8] | 17,000 | [6],[9],[10] | ||
Cost | 16,324 | [4],[5],[8] | 16,855 | [6],[9],[10] | ||
Fair Value | 16,421 | [4],[5],[8] | 17,000 | [6],[9],[10] | ||
Investment, Identifier [Axis]: APIDOS CLO XVI Subordinated Notes., Collateralized Securities and Structured Products - Equity, 1/19/2025 Maturity | ||||||
Principal Amount | 9,000 | [3],[11],[12] | 9,000 | [13],[14] | ||
Cost | 1,217 | [11],[12] | 1,246 | [13],[14] | ||
Fair Value | 13 | [11],[12] | 71 | [13],[14] | ||
Investment, Identifier [Axis]: ARC Financial Partners, LLC, Membership Interests., Equity | ||||||
Cost | 0 | [15],[16] | 0 | [17],[18] | ||
Fair Value | 0 | [15],[16] | 0 | [17],[18] | ||
Investment, Identifier [Axis]: ARC Financial, LLC, Membership Interests, Non-Controlled, Affiliated Investments | ||||||
Fair Value | 0 | 0 | 0 | |||
Investment, Identifier [Axis]: Adapt Laser Acquisition, Inc., Senior Secured First Lien Debt, 12/31/2023 Maturity, 1 | ||||||
Principal Amount | 10,979 | [3],[19],[20] | 11,047 | [10],[21] | ||
Cost | 10,979 | [19],[20] | 11,048 | [10],[21] | ||
Fair Value | 11,143 | [19],[20] | 10,329 | [10],[21] | ||
Investment, Identifier [Axis]: Adapt Laser Acquisition, Inc., Senior Secured First Lien Debt, 12/31/2023 Maturity, 2 | ||||||
Principal Amount | 2,093 | [3],[19],[20] | 2,072 | [10],[21] | ||
Cost | 2,093 | [19],[20] | 2,072 | [10],[21] | ||
Fair Value | 2,041 | [19],[20] | 1,875 | [10],[21] | ||
Investment, Identifier [Axis]: Afore Insurance Services, LLC, First Lien Term Loan, Non-Controlled, Affiliated Investments | ||||||
Fair Value | 4,572 | 0 | ||||
Investment, Identifier [Axis]: Afore Insurance Services, LLC., Senior Secured First Lien Debt, 3/24/2025 Maturity | ||||||
Principal Amount | [3],[5],[8],[15] | 4,583 | ||||
Cost | [5],[8],[15] | 4,583 | ||||
Fair Value | [5],[8],[15] | 4,572 | ||||
Investment, Identifier [Axis]: Allen Media, LLC, Senior Secured First Lien Debt, 2/10/2027 Maturity | ||||||
Principal Amount | 8,818 | [3],[4],[5] | 8,863 | [6],[7] | ||
Cost | 8,757 | [4],[5] | 8,793 | [6],[7] | ||
Fair Value | 8,553 | [4],[5] | 8,420 | [6],[7] | ||
Investment, Identifier [Axis]: American Clinical Solutions LLC, Senior Secured First Lien Debt, 12/31/2024 Maturity | ||||||
Principal Amount | 4,859 | [3],[8],[19],[22] | 4,250 | [9],[21],[23] | ||
Cost | 4,859 | [8],[19],[22] | 4,250 | [9],[21],[23] | ||
Fair Value | 4,726 | [8],[19],[22] | 4,122 | [9],[21],[23] | ||
Investment, Identifier [Axis]: American Consolidated Natural Resources, Inc., Senior Secured First Lien Debt, 9/16/2025 Maturity | ||||||
Principal Amount | 47 | [3],[8],[19],[20] | 47 | [9],[10],[21] | ||
Cost | 36 | [8],[19],[20] | 35 | [9],[10],[21] | ||
Fair Value | 48 | [8],[19],[20] | 47 | [9],[10],[21] | ||
Investment, Identifier [Axis]: American Health Staffing Group, Inc. Senior Secured First Lien Debt, 11/19/2026 Maturity, 1 | ||||||
Principal Amount | [3],[8],[24] | 16,458 | ||||
Cost | [8],[24] | 16,345 | ||||
Fair Value | [8],[24] | 16,458 | ||||
Investment, Identifier [Axis]: American Health Staffing Group, Inc. Senior Secured First Lien Debt, 11/19/2026 Maturity, 2 | ||||||
Principal Amount | [9],[25] | 16,542 | ||||
Cost | [9],[25] | 16,407 | ||||
Fair Value | [9],[25] | 16,542 | ||||
Investment, Identifier [Axis]: American Health Staffing Group, Inc., Senior Secured First Lien Debt, 11/19/2026 Maturity, 1 | ||||||
Principal Amount | 3,333 | |||||
Cost | (26) | |||||
Fair Value | 0 | |||||
Investment, Identifier [Axis]: American Health Staffing Group, Inc., Senior Secured First Lien Debt, 11/19/2026 Maturity, 2 | ||||||
Principal Amount | [3] | 3,333 | ||||
Cost | (22) | |||||
Fair Value | 0 | |||||
Investment, Identifier [Axis]: American Teleconferencing Services, Ltd. Senior Secured First Lien Debt, 1/31/23 Maturity, 2 | ||||||
Principal Amount | [26] | 3,116 | ||||
Cost | [26] | 3,116 | ||||
Fair Value | [26] | 156 | ||||
Investment, Identifier [Axis]: American Teleconferencing Services, Ltd., Senior Secured First Lien Debt, 1/31/23 Maturity, 1 | ||||||
Principal Amount | [18],[26] | 235 | ||||
Cost | [18],[26] | 0 | ||||
Fair Value | [18],[26] | 0 | ||||
Investment, Identifier [Axis]: American Teleconferencing Services, Ltd., Senior Secured First Lien Debt, 4/07/2023 Maturity, 2 | ||||||
Principal Amount | [3],[16] | 235 | ||||
Cost | [16] | 0 | ||||
Fair Value | [16] | 0 | ||||
Investment, Identifier [Axis]: American Teleconferencing Services, Ltd., Senior Secured First Lien Debt, 4/07/2023 Maturity, 1 | ||||||
Principal Amount | [3],[27] | 3,116 | ||||
Cost | [27] | 3,116 | ||||
Fair Value | [27] | 140 | ||||
Investment, Identifier [Axis]: Analogic Corp., Senior Secured First Lien Debt, 6/21/2024 Maturity | ||||||
Principal Amount | 4,825 | [3],[4],[5],[8] | 4,850 | [6],[9],[10] | ||
Cost | 4,807 | [4],[5],[8] | 4,823 | [6],[9],[10] | ||
Fair Value | 4,819 | [4],[5],[8] | 4,795 | [6],[9],[10] | ||
Investment, Identifier [Axis]: Ancile Solutions, Inc., Senior Secured First Lien Debt, 6/11/2026 Maturity | ||||||
Principal Amount | 11,359 | [3],[8],[19],[20] | 11,967 | [9],[10],[21] | ||
Cost | 11,126 | [8],[19],[20] | 11,681 | [9],[10],[21] | ||
Fair Value | 11,231 | [8],[19],[20] | 11,608 | [9],[10],[21] | ||
Investment, Identifier [Axis]: Anthem Sports & Entertainment Inc., Senior Secured First Lien Debt, 11/15/2026 Maturity, 1 | ||||||
Principal Amount | 37,076 | [3],[8],[19],[20] | 167 | |||
Cost | 36,942 | [8],[19],[20] | 0 | |||
Fair Value | 35,037 | [8],[19],[20] | (8) | |||
Investment, Identifier [Axis]: Anthem Sports & Entertainment Inc., Senior Secured First Lien Debt, 11/15/2026 Maturity, 2 | ||||||
Principal Amount | 3,000 | [3],[20] | 36,914 | [9],[10],[21] | ||
Cost | 3,000 | [20] | 36,749 | [9],[10],[21] | ||
Fair Value | 2,835 | [20] | 35,161 | [9],[10],[21] | ||
Investment, Identifier [Axis]: Anthem Sports & Entertainment Inc., Senior Secured First Lien Debt, 11/15/2026 Maturity, 3 | ||||||
Principal Amount | 167 | [3] | 3,000 | [10] | ||
Cost | 0 | 3,000 | [10] | |||
Fair Value | (9) | 2,857 | [10] | |||
Investment, Identifier [Axis]: Appalachian Resource Company, LLC, Senior Secured First Lien Debt, 9/10/2023 Maturity, 1 | ||||||
Principal Amount | [23] | 5,000 | ||||
Cost | [23] | 5,000 | ||||
Fair Value | [23] | 5,000 | ||||
Investment, Identifier [Axis]: Appalachian Resource Company, LLC, Senior Secured First Lien Debt, 9/10/2023 Maturity, 2 | ||||||
Principal Amount | [23] | 11,137 | ||||
Cost | [23] | 10,625 | ||||
Fair Value | [23] | 10,733 | ||||
Investment, Identifier [Axis]: Appalachian Resource Company, LLC, Senior Secured First Lien Debt, 9/15/2023 Maturity | ||||||
Principal Amount | [3],[22] | 5,000 | ||||
Cost | [22] | 5,000 | ||||
Fair Value | [22] | 5,000 | ||||
Investment, Identifier [Axis]: Appalachian Resource Company, LLC, Senior Secured First Lien Debt, 9/30/2023 Maturity | ||||||
Principal Amount | [3],[22] | 11,137 | ||||
Cost | [22] | 10,992 | ||||
Fair Value | [22] | 10,733 | ||||
Investment, Identifier [Axis]: Archer Systems, LLC, Senior Secured First Lien Debt, 8/11/2027 Maturity, 1 | ||||||
Principal Amount | 22,098 | [3],[5],[8] | 18,095 | [9],[28] | ||
Cost | 21,908 | [5],[8] | 17,922 | [9],[28] | ||
Fair Value | 22,180 | [5],[8] | 17,937 | [9],[28] | ||
Investment, Identifier [Axis]: Archer Systems, LLC, Senior Secured First Lien Debt, 8/11/2027 Maturity, 2 | ||||||
Principal Amount | [3] | 1,905 | ||||
Cost | (16) | |||||
Fair Value | $ 7 | |||||
Investment, Identifier [Axis]: Archer Systems, LLC, Senior Secured First Lien Debt, 8/11/2027 Maturity, 3 | ||||||
Principal Amount | 1,905 | |||||
Cost | (18) | |||||
Fair Value | $ (17) | |||||
Investment, Identifier [Axis]: Ascent Resources - Marcellus, LLC, Membership Units., Equity | ||||||
Principal Units (in shares) | 511,255 | [3],[16] | 511,255 | [18] | ||
Cost | $ 1,642 | [16] | $ 1,642 | [18] | ||
Fair Value | 746 | [16] | $ 1,235 | [18] | ||
Investment, Identifier [Axis]: Ascent Resources - Marcellus, LLC, Warrants., Equity | ||||||
Principal Units (in shares) | [18] | 132,367 | ||||
Cost | [18] | $ 13 | ||||
Fair Value | [18] | 3 | ||||
Investment, Identifier [Axis]: Associated Asphalt Partners, LLC, Senior Secured First Lien Debt, 4/5/2024 Maturity | ||||||
Principal Amount | 14,135 | [3],[4],[8],[20] | 14,221 | [6],[9],[23] | ||
Cost | 14,034 | [4],[8],[20] | 14,051 | [6],[9],[23] | ||
Fair Value | 11,424 | [4],[8],[20] | 10,994 | [6],[9],[23] | ||
Investment, Identifier [Axis]: Atlas Supply LLC, Senior Secured First Lien Debt, 4/29/2025 Maturity | ||||||
Principal Amount | 5,000 | [3] | 5,000 | |||
Cost | 5,000 | 5,000 | ||||
Fair Value | 4,938 | 4,950 | ||||
Investment, Identifier [Axis]: Avison Young (USA) Inc., Senior Secured First Lien Debt, 1/31/2026 Maturity | ||||||
Principal Amount | 6,660 | [3],[8],[29] | 2,665 | [9],[14],[23] | ||
Cost | 5,552 | [8],[29] | 2,638 | [9],[14],[23] | ||
Fair Value | 5,595 | [8],[29] | 2,505 | [9],[14],[23] | ||
Investment, Identifier [Axis]: BDS Solutions Intermediateco, LLC, Senior Secured First Lien Debt, 2/7/2027 Maturity, 1 | ||||||
Principal Amount | 19,979 | [3],[5],[8] | 17,822 | [7] | ||
Cost | 19,689 | [5],[8] | 17,535 | [7] | ||
Fair Value | 19,605 | [5],[8] | 17,466 | [7] | ||
Investment, Identifier [Axis]: BDS Solutions Intermediateco, LLC, Senior Secured First Lien Debt, 2/7/2027 Maturity, 2 | ||||||
Principal Amount | 1,811 | [3],[5] | 859 | [7] | ||
Cost | 1,754 | [5] | 802 | [7] | ||
Fair Value | 1,777 | [5] | 842 | [7] | ||
Investment, Identifier [Axis]: BDS Solutions Intermediateco, LLC, Senior Secured First Lien Debt, 2/7/2027 Maturity, 3 | ||||||
Principal Amount | 1,046 | [3] | 1,998 | |||
Cost | 0 | 0 | ||||
Fair Value | (20) | (40) | ||||
Investment, Identifier [Axis]: Berlitz Holdings, Inc., First Lien Term Loan, Non-Controlled, Affiliated Investments | ||||||
Fair Value | 0 | 0 | ||||
Investment, Identifier [Axis]: Berlitz Holdings, Inc., Senior Secured First Lien Debt, 2/14/2025 Maturity | ||||||
Principal Amount | 13,800 | [3],[29] | 13,800 | [17],[28] | ||
Cost | 13,165 | [29] | 12,992 | [17],[28] | ||
Fair Value | 13,421 | [29] | 13,179 | [17],[28] | ||
Investment, Identifier [Axis]: Bradshaw International Parent Corp., Senior Secured First Lien Debt, 10/21/2026 Maturity, 1 | ||||||
Principal Amount | 1,844 | [3] | 1,844 | |||
Cost | (31) | (36) | ||||
Fair Value | (51) | (53) | ||||
Investment, Identifier [Axis]: Bradshaw International Parent Corp., Senior Secured First Lien Debt, 10/21/2027 Maturity, 3 | ||||||
Principal Amount | 12,899 | [3],[8],[29] | 13,024 | [9],[23] | ||
Cost | 12,648 | [8],[29] | 12,746 | [9],[23] | ||
Fair Value | $ 12,544 | [8],[29] | 12,650 | [9],[23] | ||
Investment, Identifier [Axis]: CB URS Holdings Corp., Senior Secured First Lien Debt, 9/01/2024 Maturity | ||||||
Principal Amount | [9],[10] | 14,826 | ||||
Cost | [9],[10] | 14,801 | ||||
Fair Value | [9],[10] | $ 12,417 | ||||
Investment, Identifier [Axis]: CF Arch Holdings LLC, Class A Units, Equity | ||||||
Principal Units (in shares) | 380,952 | [3],[16] | 380,952 | [18] | ||
Cost | $ 381 | [16] | $ 381 | [18] | ||
Fair Value | 564 | [16] | 442 | [18] | ||
Investment, Identifier [Axis]: CION/EagleTree Partners, LLC, Common Shares, Controlled Investments | ||||||
Fair Value | 0 | 0 | 0 | |||
Investment, Identifier [Axis]: CION/EagleTree Partners, LLC, Membership Units Equity | ||||||
Cost | [12],[16],[30] | 0 | ||||
Fair Value | [12],[16],[30] | $ 0 | ||||
Investment, Identifier [Axis]: CION/EagleTree Partners, LLC, Membership Units, Equity | ||||||
Cost | [14],[18],[31] | 0 | ||||
Fair Value | [14],[18],[31] | $ 0 | ||||
Investment, Identifier [Axis]: CION/EagleTree Partners, LLC, Participating Preferred Shares Equity | ||||||
Principal Units (in shares) | 22,072,841 | [3],[12],[30] | 22,072,841 | [14],[18],[31] | ||
Cost | $ 22,073 | [12],[30] | $ 22,073 | [14],[18],[31] | ||
Fair Value | 25,179 | [12],[30] | 30,766 | [14],[18],[31] | ||
Investment, Identifier [Axis]: CION/EagleTree Partners, LLC, Participating Preferred Shares, Controlled Investments | ||||||
Fair Value | 25,179 | 30,766 | 29,796 | |||
Investment, Identifier [Axis]: CION/EagleTree Partners, LLC, Senior Secured Note, Controlled Investments | ||||||
Fair Value | 54,827 | 60,348 | 61,629 | |||
Investment, Identifier [Axis]: CION/EagleTree Partners, LLC., Senior Secured First Lien Debt, 12/21/2026 Maturity | ||||||
Principal Amount | 54,827 | [3],[12],[19],[30] | 60,348 | [14],[21],[31] | ||
Cost | 54,827 | [12],[19],[30] | 60,348 | [14],[21],[31] | ||
Fair Value | 54,827 | [12],[19],[30] | 60,348 | [14],[21],[31] | ||
Investment, Identifier [Axis]: CION/EagleTree, Access CIG, LLC, Senior Secured Second Lien Debt | ||||||
Principal Amount | 7,250 | 7,250 | ||||
Cost | 7,225 | 7,220 | ||||
Fair Value | $ 7,105 | $ 6,933 | ||||
Investment, Identifier [Axis]: CION/EagleTree, American Clinical Solutions LLC, Class A Membership Interests, Equity | ||||||
Principal Units (in shares) | 6,030,384 | 6,030,384 | ||||
Cost | $ 5,200 | $ 5,200 | ||||
Fair Value | $ 5,910 | $ 3,618 | ||||
Investment, Identifier [Axis]: CION/EagleTree, Anthem Sports and Entertainment Inc., Class A Preferred Stock Warrants, Equity | ||||||
Principal Units (in shares) | 1,469 | 1,469 | ||||
Cost | $ 486 | $ 486 | ||||
Fair Value | $ 1,553 | $ 1,881 | ||||
Investment, Identifier [Axis]: CION/EagleTree, Anthem Sports and Entertainment Inc., Class B Preferred Stock Warrants, Equity | ||||||
Principal Units (in shares) | 255 | 255 | ||||
Cost | $ 0 | $ 0 | ||||
Fair Value | $ 171 | $ 187 | ||||
Investment, Identifier [Axis]: CION/EagleTree, Anthem Sports and Entertainment Inc., Common Stock Warrants, Equity | ||||||
Principal Units (in shares) | 4,746 | 4,746 | ||||
Cost | $ 0 | $ 0 | ||||
Fair Value | 96 | 580 | ||||
Investment, Identifier [Axis]: CION/EagleTree, BCP Great Lakes II - Series A Holdings LP, Partnership Equity | ||||||
Cost | 13,100 | |||||
Fair Value | 12,672 | |||||
Investment, Identifier [Axis]: CION/EagleTree, BCP Great Lakes II - Series A Holdings LP, Partnership Interests, Equity | ||||||
Cost | 11,436 | |||||
Fair Value | 11,058 | |||||
Investment, Identifier [Axis]: CION/EagleTree, Berlitz Holdings, Inc, Senior Secured First Lien Debt | ||||||
Principal Amount | 1,200 | 1,200 | ||||
Cost | 1,141 | 1,125 | ||||
Fair Value | $ 1,167 | $ 1,146 | ||||
Investment, Identifier [Axis]: CION/EagleTree, CHC Medical Partners, Inc., Series C Preferred Stock, Equity | ||||||
Principal Units (in shares) | 2,727,273 | 2,727,273 | ||||
Cost | $ 8,055 | $ 7,891 | ||||
Fair Value | $ 9,321 | $ 8,877 | ||||
Investment, Identifier [Axis]: CION/EagleTree, CTS Ultimate Holdings LLC, Class A Preferred Units, Equity | ||||||
Principal Units (in shares) | 3,578,701 | 3,578,701 | ||||
Cost | $ 1,000 | $ 1,000 | ||||
Fair Value | $ 608 | $ 859 | ||||
Investment, Identifier [Axis]: CION/EagleTree, Carestream Health Holdings, Inc., Common Stock, Equity | ||||||
Principal Units (in shares) | 613,262 | 613,262 | ||||
Cost | $ 21,759 | $ 21,759 | ||||
Fair Value | 20,716 | 21,544 | ||||
Investment, Identifier [Axis]: CION/EagleTree, Community Tree Service, LLC, Senior Secured First Lien Debt | ||||||
Principal Amount | 460 | 499 | ||||
Cost | 460 | 499 | ||||
Fair Value | $ 452 | $ 489 | ||||
Investment, Identifier [Axis]: CION/EagleTree, Dayton HoldCo, LLC, Membership Units, Equity | ||||||
Principal Units (in shares) | 37,264 | 37,264 | ||||
Cost | $ 8,400 | $ 8,400 | ||||
Fair Value | 14,537 | 15,334 | ||||
Investment, Identifier [Axis]: CION/EagleTree, Dayton Superior Corp, Senior Secured Second Lien Debt | ||||||
Principal Amount | 1,010 | |||||
Cost | 1,010 | |||||
Fair Value | 1,007 | |||||
Investment, Identifier [Axis]: CION/EagleTree, Future Pak, LLC, Senior Secured First Lien Debt | ||||||
Principal Amount | 1,162 | 1,395 | ||||
Cost | 1,155 | 1,382 | ||||
Fair Value | $ 1,162 | $ 1,372 | ||||
Investment, Identifier [Axis]: CION/EagleTree, HDNet Holdco LLC, Preferred Unit Call Option, Equity | ||||||
Principal Units (in shares) | 1 | 1 | ||||
Cost | $ 0 | $ 0 | ||||
Fair Value | $ 100 | $ 185 | ||||
Investment, Identifier [Axis]: CION/EagleTree, HW Ultimate Holdings, LP, Class A Membership Units, Equity | ||||||
Principal Units (in shares) | 2,000,000 | 2,000,000 | ||||
Cost | $ 2,082 | $ 2,082 | ||||
Fair Value | 0 | 130 | ||||
Investment, Identifier [Axis]: CION/EagleTree, Ivy Hill Middle Market Credit Fund VIII, Ltd. Subordinated Loan, Collateralized Securities and Structured Products - Equity | ||||||
Principal Amount | 10,000 | 10,000 | ||||
Cost | 9,796 | 9,874 | ||||
Fair Value | $ 9,263 | $ 9,523 | ||||
Investment, Identifier [Axis]: CION/EagleTree, Language Education Holdings GP LLC, Common Units, Equity | ||||||
Principal Units (in shares) | 133,333 | 133,333 | ||||
Cost | $ 0 | $ 0 | ||||
Fair Value | $ 0 | $ 0 | ||||
Investment, Identifier [Axis]: CION/EagleTree, Language Education Holdings LP, Ordinary Common Units, Equity | ||||||
Principal Units (in shares) | 133,333 | 133,333 | ||||
Cost | $ 300 | $ 300 | ||||
Fair Value | 495 | 427 | ||||
Investment, Identifier [Axis]: CION/EagleTree, MedPlast Holdings, Inc, Senior Secured Second Lien Debt | ||||||
Principal Amount | 6,750 | 6,750 | ||||
Cost | 6,206 | 6,135 | ||||
Fair Value | $ 6,539 | $ 6,337 | ||||
Investment, Identifier [Axis]: CION/EagleTree, Skillsoft Corp., Class A Common Stock, Equity | ||||||
Principal Units (in shares) | 243,425 | 243,425 | ||||
Cost | $ 2,000 | $ 2,000 | ||||
Fair Value | $ 302 | $ 316 | ||||
Investment, Identifier [Axis]: CION/EagleTree, Spinal USA, Inc. / Precision Medical Inc., Warrants, Equity | ||||||
Principal Units (in shares) | 20,667,324 | 20,667,324 | ||||
Cost | $ 0 | $ 0 | ||||
Fair Value | 0 | 0 | ||||
Investment, Identifier [Axis]: CION/EagleTree, Zest Acquisition Corp, Senior Secured Second Lien Debt | ||||||
Principal Amount | 15,000 | |||||
Cost | 14,820 | |||||
Fair Value | 14,175 | |||||
Investment, Identifier [Axis]: Cabi, LLC, Senior Secured First Lien Debt, 2/28/2027 Maturity | ||||||
Principal Amount | 21,576 | [3],[8],[29] | 22,073 | [9],[28] | ||
Cost | 21,319 | [8],[29] | 21,772 | [9],[28] | ||
Fair Value | 21,522 | [8],[29] | 21,742 | [9],[28] | ||
Investment, Identifier [Axis]: Cadence Aerospace, LLC, Senior Secured First Lien Debt, 11/14/2023 Maturity | ||||||
Principal Amount | [6],[9],[10],[21] | 39,383 | ||||
Cost | [6],[9],[10],[21] | 39,225 | ||||
Fair Value | [6],[9],[10],[21] | $ 38,842 | ||||
Investment, Identifier [Axis]: Cadence Aerospace, LLC, Senior Secured First Lien Debt, 11/14/2024 Maturity | ||||||
Principal Amount | [3],[4],[5],[8] | 12,642 | ||||
Cost | [4],[5],[8] | 12,610 | ||||
Fair Value | [4],[5],[8] | $ 12,627 | ||||
Investment, Identifier [Axis]: Carestream Health Holdings Inc., Common Stock, Equity Securities | ||||||
Principal Units (in shares) | 613,262 | [3],[15],[16] | 613,262 | [17],[18] | ||
Cost | $ 21,758 | [15],[16] | $ 21,758 | [17],[18] | ||
Fair Value | 20,716 | [15],[16] | 21,544 | [17],[18] | ||
Investment, Identifier [Axis]: Carestream Health, Inc., First Lien Term Loan, Non-Controlled, Affiliated Investments | ||||||
Fair Value | 11,423 | 7,539 | 0 | |||
Investment, Identifier [Axis]: Carestream Health, Inc., Senior Secured First Lien Debt, 9/30/2027 Maturity | ||||||
Principal Amount | 11,481 | [3],[4],[15],[29] | 7,596 | [6],[17],[28] | ||
Cost | 10,376 | [4],[15],[29] | 7,596 | [6],[17],[28] | ||
Fair Value | 11,423 | [4],[15],[29] | 7,539 | [6],[17],[28] | ||
Investment, Identifier [Axis]: Carestream, Common Shares, Non-Controlled, Affiliated Investments | ||||||
Fair Value | 20,716 | 21,544 | 0 | |||
Investment, Identifier [Axis]: Celerity Acquisition Holdings, LLC, Senior Secured First Lien Debt, 5/28/2026 Maturity | ||||||
Principal Amount | 16,000 | [3],[5],[8] | 14,775 | [9],[10] | ||
Cost | 15,976 | [5],[8] | 14,775 | [9],[10] | ||
Fair Value | 16,000 | [5],[8] | 14,590 | [9],[10] | ||
Investment, Identifier [Axis]: Cennox, Inc., Senior Secured First Lien Debt, 11/22/2023 Maturity, 4 | ||||||
Principal Amount | [3] | 7,193 | ||||
Cost | (45) | |||||
Fair Value | (27) | |||||
Investment, Identifier [Axis]: Cennox, Inc., Senior Secured First Lien Debt, 5/4/2026 Maturity, 1 | ||||||
Principal Amount | 22,455 | [3],[5],[8] | 22,509 | [9],[10] | ||
Cost | 22,455 | [5],[8] | 22,509 | [9],[10] | ||
Fair Value | 22,371 | [5],[8] | 22,425 | [9],[10] | ||
Investment, Identifier [Axis]: Cennox, Inc., Senior Secured First Lien Debt, 5/4/2026 Maturity, 2 | ||||||
Principal Amount | 11,552 | [3],[4],[5],[8] | 11,787 | [6],[10] | ||
Cost | 11,548 | [4],[5],[8] | 11,730 | [6],[10] | ||
Fair Value | 11,509 | [4],[5],[8] | 11,743 | [6],[10] | ||
Investment, Identifier [Axis]: Cennox, Inc., Senior Secured First Lien Debt, 5/4/2026 Maturity, 3 | ||||||
Principal Amount | 2,987 | [3],[5] | 2,614 | |||
Cost | 2,987 | [5] | 2,614 | |||
Fair Value | 2,976 | [5] | 2,604 | |||
Investment, Identifier [Axis]: Cennox, Inc., Senior Secured First Lien Debt, 5/4/2026 Maturity, 5 | ||||||
Principal Amount | 373 | |||||
Cost | 0 | |||||
Fair Value | (1) | |||||
Investment, Identifier [Axis]: Cennox, Inc., Senior Secured First Lien Debt, 8/11/2023 Maturity, 4 | ||||||
Principal Amount | 7,193 | |||||
Cost | 0 | |||||
Fair Value | (27) | |||||
Investment, Identifier [Axis]: Charming Charlie, LLC, Vendor Payment Financing Facility, Non-Controlled, Affiliated Investments | ||||||
Fair Value | 0 | 350 | ||||
Investment, Identifier [Axis]: CircusTrix Holdings, LLC., Senior Secured First Lien Debt, 1/16/2024 Maturity, 1 | ||||||
Principal Amount | 26,702 | [3],[4],[8],[29] | 26,824 | [6],[9],[23] | ||
Cost | 26,666 | [4],[8],[29] | 26,782 | [6],[9],[23] | ||
Fair Value | 26,702 | [4],[8],[29] | 26,824 | [6],[9],[23] | ||
Investment, Identifier [Axis]: CircusTrix Holdings, LLC., Senior Secured First Lien Debt, 1/16/2024 Maturity, 2 | ||||||
Principal Amount | 2,719 | [3],[8],[29] | 2,737 | [9],[23] | ||
Cost | 2,697 | [8],[29] | 2,715 | [9],[23] | ||
Fair Value | 2,719 | [8],[29] | 2,737 | [9],[23] | ||
Investment, Identifier [Axis]: CircusTrix Holdings, LLC., Senior Secured First Lien Debt, 1/16/2024 Maturity, 3 | ||||||
Principal Amount | [9],[23] | 1,560 | ||||
Cost | [9],[23] | 1,525 | ||||
Fair Value | [9],[23] | 1,862 | ||||
Investment, Identifier [Axis]: CircusTrix Holdings, LLC., Senior Secured First Lien Debt, 7/16/2023 Maturity, 3 | ||||||
Principal Amount | [3],[8],[29] | 753 | ||||
Cost | [8],[29] | 751 | ||||
Fair Value | [8],[29] | 902 | ||||
Investment, Identifier [Axis]: Community Tree Service, LLC., Senior Secured First Lien Debt, 6/17/2027 Maturity | ||||||
Principal Amount | 11,513 | [3],[5],[8] | 12,469 | [7] | ||
Cost | 11,513 | [5],[8] | 12,469 | [7] | ||
Fair Value | 11,312 | [5],[8] | 12,219 | [7] | ||
Investment, Identifier [Axis]: Country Fresh Holdings, LLC., Senior Secured First Lien Debt, 4/29/2023 Maturity, 1 | ||||||
Principal Amount | 844 | [3],[20],[27] | 877 | [10],[26] | ||
Cost | 663 | [20],[27] | 765 | [10],[26] | ||
Fair Value | 60 | [20],[27] | 92 | [10],[26] | ||
Investment, Identifier [Axis]: Country Fresh Holdings, LLC., Senior Secured First Lien Debt, 4/29/2023 Maturity, 2 | ||||||
Principal Amount | 342 | [3],[20],[27] | 355 | [10],[26] | ||
Cost | 276 | [20],[27] | 316 | [10],[26] | ||
Fair Value | 24 | [20],[27] | 37 | [10],[26] | ||
Investment, Identifier [Axis]: Coyote Buyer, LLC., Senior Secured First Lien Debt, 2/6/2025 Maturity, 1 | ||||||
Principal Amount | 33,863 | [3],[4],[5],[8] | 34,038 | [6],[9],[10] | ||
Cost | 33,729 | [4],[5],[8] | 33,861 | [6],[9],[10] | ||
Fair Value | 33,524 | [4],[5],[8] | 33,612 | [6],[9],[10] | ||
Investment, Identifier [Axis]: Coyote Buyer, LLC., Senior Secured First Lien Debt, 2/6/2025 Maturity, 2 | ||||||
Principal Amount | 1,000 | [3],[5] | 6,125 | [6],[10] | ||
Cost | 1,000 | [5] | 6,041 | [6],[10] | ||
Fair Value | 990 | [5] | 6,125 | [6],[10] | ||
Investment, Identifier [Axis]: Coyote Buyer, LLC., Senior Secured First Lien Debt, 2/6/2025 Maturity, 3 | ||||||
Principal Amount | 1,500 | [3] | 2,500 | |||
Cost | 0 | 0 | ||||
Fair Value | (15) | (31) | ||||
Investment, Identifier [Axis]: Coyote Buyer, LLC., Senior Secured First Lien Debt, 8/6/2026 Maturity | ||||||
Principal Amount | [3],[4],[5] | 6,094 | ||||
Cost | [4],[5] | 6,020 | ||||
Fair Value | [4],[5] | 6,094 | ||||
Investment, Identifier [Axis]: Critical Nurse Staffing, LLC., Senior Secured First Lien Debt, 11/1/2026 Maturity, 1 | ||||||
Principal Amount | 12,863 | [3],[5],[8] | 12,928 | [9],[10] | ||
Cost | 12,863 | [5],[8] | 12,928 | [9],[10] | ||
Fair Value | 12,863 | [5],[8] | 12,928 | [9],[10] | ||
Investment, Identifier [Axis]: Critical Nurse Staffing, LLC., Senior Secured First Lien Debt, 11/1/2026 Maturity, 2 | ||||||
Principal Amount | 994 | [3],[5],[8] | 999 | [10] | ||
Cost | 994 | [5],[8] | 999 | [10] | ||
Fair Value | 994 | [5],[8] | 999 | [10] | ||
Investment, Identifier [Axis]: Critical Nurse Staffing, LLC., Senior Secured First Lien Debt, 11/1/2026 Maturity, 3 | ||||||
Principal Amount | 460 | [3],[5] | 300 | [23] | ||
Cost | 460 | [5] | 300 | [23] | ||
Fair Value | 460 | [5] | 300 | [23] | ||
Investment, Identifier [Axis]: Critical Nurse Staffing, LLC., Senior Secured First Lien Debt, 11/1/2026 Maturity, 4 | ||||||
Principal Amount | 4,899 | [3] | 4,899 | |||
Cost | 0 | 0 | ||||
Fair Value | 0 | 0 | ||||
Investment, Identifier [Axis]: Critical Nurse Staffing, LLC., Senior Secured First Lien Debt, 11/1/2026 Maturity, 5 | ||||||
Principal Amount | 540 | [3] | 700 | |||
Cost | 0 | 0 | ||||
Fair Value | $ 0 | $ 0 | ||||
Investment, Identifier [Axis]: DBI Investors, Inc., Common Stock., Equity | ||||||
Principal Units (in shares) | 39,423 | [3],[16] | 39,423 | [18] | ||
Cost | $ 0 | [16] | $ 0 | [18] | ||
Fair Value | $ 0 | [16] | $ 0 | [18] | ||
Investment, Identifier [Axis]: DBI Investors, Inc., Reallocation Rights., Equity | ||||||
Principal Units (in shares) | 7,500 | [3],[16] | 7,500 | [18] | ||
Cost | $ 0 | [16] | $ 0 | [18] | ||
Fair Value | $ 0 | [16] | $ 0 | [18] | ||
Investment, Identifier [Axis]: DBI Investors, Inc., Series A Preferred Stock., Equity | ||||||
Principal Units (in shares) | 1,396 | [3],[16] | 1,396 | [18] | ||
Cost | $ 140 | [16] | $ 140 | [18] | ||
Fair Value | $ 0 | [16] | $ 2 | [18] | ||
Investment, Identifier [Axis]: DBI Investors, Inc., Series A1 Preferred Stock., Equity | ||||||
Principal Units (in shares) | 20,000 | [3],[16] | 20,000 | [18] | ||
Cost | $ 802 | [16] | $ 802 | [18] | ||
Fair Value | $ 0 | [16] | $ 28 | [18] | ||
Investment, Identifier [Axis]: DBI Investors, Inc., Series A2 Preferred Stock., Equity | ||||||
Principal Units (in shares) | 1,733 | [3],[16] | 1,733 | [18] | ||
Cost | $ 0 | [16] | $ 0 | [18] | ||
Fair Value | $ 0 | [16] | $ 2 | [18] | ||
Investment, Identifier [Axis]: DBI Investors, Inc., Series B Preferred Stock., Equity | ||||||
Principal Units (in shares) | 4,183 | [3],[16] | 4,183 | [18] | ||
Cost | $ 410 | [16] | $ 410 | [18] | ||
Fair Value | 0 | [16] | 2 | [18] | ||
Investment, Identifier [Axis]: DESG Holdings, Inc., First Lien Term Loan, Non-Controlled, Affiliated Investments | ||||||
Fair Value | 130 | 246 | 1,787 | |||
Investment, Identifier [Axis]: DESG Holdings, Inc., Second Lien Term Loan, Non-Controlled, Affiliated Investments | ||||||
Fair Value | 0 | 0 | ||||
Investment, Identifier [Axis]: DMT Solutions Global Corp., Senior Secured First Lien Debt, 7/2/2024 Maturity | ||||||
Principal Amount | 3,846 | [3],[4],[32] | 3,974 | [6],[33] | ||
Cost | 3,825 | [4],[32] | 3,942 | [6],[33] | ||
Fair Value | 3,808 | [4],[32] | 3,766 | [6],[33] | ||
Investment, Identifier [Axis]: DMT Solutions Global Corp., Senior Secured First Lien Debt, 7/2/2024 Maturity, 3 Month LIBOR | ||||||
Principal Amount | 1,750 | 2,096 | ||||
Investment, Identifier [Axis]: DMT Solutions Global Corp., Senior Secured First Lien Debt, 7/2/2024 Maturity, 6 Month LIBOR | ||||||
Principal Amount | 2,096 | 1,943 | ||||
Investment, Identifier [Axis]: David's Bridal, LLC., Senior Secured First Lien Debt, 12/23/2024 Maturity, 1 | ||||||
Principal Amount | [3],[19],[20],[27],[34] | 6,014 | ||||
Cost | [19],[20],[27],[34] | 5,457 | ||||
Fair Value | [19],[20],[27],[34] | 0 | ||||
Investment, Identifier [Axis]: David's Bridal, LLC., Senior Secured First Lien Debt, 12/31/2024 Maturity, 2 | ||||||
Principal Amount | [3],[19],[20],[27],[34] | 865 | ||||
Cost | [19],[20],[27],[34] | 793 | ||||
Fair Value | [19],[20],[27],[34] | 0 | ||||
Investment, Identifier [Axis]: David's Bridal, LLC., Senior Secured First Lien Debt, 12/31/2024 Maturity, 4 | ||||||
Principal Amount | [21],[23],[26] | 845 | ||||
Cost | [21],[23],[26] | 795 | ||||
Fair Value | [21],[23],[26] | 51 | ||||
Investment, Identifier [Axis]: David's Bridal, LLC., Senior Secured First Lien Debt, 5/23/2024 Maturity, 1 | ||||||
Principal Amount | 13,331 | [3],[8],[19],[20],[27],[34] | 13,000 | [9],[10],[21] | ||
Cost | 12,419 | [8],[19],[20],[27],[34] | 12,744 | [9],[10],[21] | ||
Fair Value | 10,798 | [8],[19],[20],[27],[34] | 13,130 | [9],[10],[21] | ||
Investment, Identifier [Axis]: David's Bridal, LLC., Senior Secured First Lien Debt, 5/23/2024 Maturity, 2 | ||||||
Principal Amount | 5,491 | [3],[8],[19],[20],[27],[34] | 5,357 | [10],[21] | ||
Cost | 5,426 | [8],[19],[20],[27],[34] | 5,357 | [10],[21] | ||
Fair Value | 4,448 | [8],[19],[20],[27],[34] | 5,210 | [10],[21] | ||
Investment, Identifier [Axis]: David's Bridal, LLC., Senior Secured First Lien Debt, 5/23/2024 Maturity, 3 | ||||||
Principal Amount | [10],[21] | 5,936 | ||||
Cost | [10],[21] | 5,717 | ||||
Fair Value | [10],[21] | 2,256 | ||||
Investment, Identifier [Axis]: Delayed Draw First Lien Term Loan, Non-Controlled, Affiliated Investments | ||||||
Fair Value | 0 | 156 | ||||
Investment, Identifier [Axis]: Deluxe Entertainment Services, Inc., Senior Secured First Lien Debt, 3/25/2024 Maturity | ||||||
Principal Amount | 2,603 | [3],[8],[15],[19],[20],[27] | 2,664 | [9],[10],[17],[21],[26] | ||
Cost | 2,542 | [8],[15],[19],[20],[27] | 2,624 | [9],[10],[17],[21],[26] | ||
Fair Value | 130 | [8],[15],[19],[20],[27] | 246 | [9],[10],[17],[21],[26] | ||
Investment, Identifier [Axis]: Dermcare Management, LLC., Senior Secured First Lien Debt, 10/22/2023 Maturity, 4 | ||||||
Principal Amount | 698 | [3] | 698 | |||
Cost | 0 | 0 | ||||
Fair Value | 0 | (4) | ||||
Investment, Identifier [Axis]: Dermcare Management, LLC., Senior Secured First Lien Debt, 4/22/2028 Maturity, 1 | ||||||
Principal Amount | 9,309 | [3],[8],[29] | 9,356 | [9],[28] | ||
Cost | 9,147 | [8],[29] | 9,178 | [9],[28] | ||
Fair Value | 9,309 | [8],[29] | 9,297 | [9],[28] | ||
Investment, Identifier [Axis]: Dermcare Management, LLC., Senior Secured First Lien Debt, 4/22/2028 Maturity, 2 | ||||||
Principal Amount | 3,523 | [3],[8],[29] | 3,540 | [28] | ||
Cost | 3,447 | [8],[29] | 3,458 | [28] | ||
Fair Value | 3,523 | [8],[29] | 3,518 | [28] | ||
Investment, Identifier [Axis]: Dermcare Management, LLC., Senior Secured First Lien Debt, 4/22/2028 Maturity, 3 | ||||||
Principal Amount | 358 | [3] | 179 | |||
Cost | 358 | 179 | ||||
Fair Value | 358 | 178 | ||||
Investment, Identifier [Axis]: Dermcare Management, LLC., Senior Secured First Lien Debt, 4/22/2028 Maturity, 5 | ||||||
Principal Amount | 985 | [3] | 1,164 | |||
Cost | 0 | 0 | ||||
Fair Value | 0 | (7) | ||||
Investment, Identifier [Axis]: Emerald Technologies (U.S.) Acquisitionco, Inc.., Senior Secured First Lien Debt, 12/29/2027 Maturity | ||||||
Principal Amount | 2,906 | [3],[4],[29] | 2,944 | [6],[28] | ||
Cost | 2,859 | [4],[29] | 2,891 | [6],[28] | ||
Fair Value | 2,805 | [4],[29] | 2,794 | [6],[28] | ||
Investment, Identifier [Axis]: Entertainment Studios P&A LLC., Senior Secured First Lien Debt, 5/18/2037 Maturity | ||||||
Principal Amount | [3],[35] | 0 | ||||
Cost | [35] | 0 | ||||
Fair Value | [35] | 1,045 | ||||
Investment, Identifier [Axis]: Entertainment Studios P&A LLC., Senior Secured First Lien Debt, 5/18/2037 Maturity, 1 | ||||||
Principal Amount | [36] | 0 | ||||
Cost | [36] | 0 | ||||
Fair Value | [36] | 1,654 | ||||
Investment, Identifier [Axis]: Entertainment Studios P&A LLC., Senior Secured First Lien Debt, 9/28/2027 Maturity | ||||||
Principal Amount | [3],[5],[8] | 23,049 | ||||
Cost | [5],[8] | 22,965 | ||||
Fair Value | [5],[8] | $ 23,049 | ||||
Investment, Identifier [Axis]: Entertainment Studios P&A LLC., Senior Secured First Lien Debt, 9/28/2027 Maturity, 2 | ||||||
Principal Amount | [7],[9],[10] | 24,000 | ||||
Cost | [7],[9],[10] | 23,907 | ||||
Fair Value | [7],[9],[10] | $ 23,940 | ||||
Investment, Identifier [Axis]: FWS Parent Holdings, LLC, Class A Membership Interests, Equity | ||||||
Principal Units (in shares) | [3],[16] | 35,242 | ||||
Cost | [16] | $ 800 | ||||
Fair Value | [16] | 467 | ||||
Investment, Identifier [Axis]: FWS Parent Holdings, LLC. Class A Membership Interests, Equity | ||||||
Principal Units (in shares) | [18] | 35,242 | ||||
Cost | [18] | $ 800 | ||||
Fair Value | [18] | 742 | ||||
Investment, Identifier [Axis]: First American Treasury Obligations Fund, Class Z Shares | ||||||
Cost | 1,443 | |||||
Fair Value | 1,443 | |||||
Investment, Identifier [Axis]: First American Treasury Obligations Fund, Class Z Shares, Short Term Investments | ||||||
Cost | 100,771 | |||||
Fair Value | 100,771 | |||||
Investment, Identifier [Axis]: First American Treasury Obligations Fund., Short Term Investments | ||||||
Cost | 10,869 | |||||
Fair Value | 10,869 | |||||
Investment, Identifier [Axis]: Flatworld Intermediate Corp., Senior Secured First Lien Debt, 10/3/2027 Maturity, 1 | ||||||
Principal Amount | [6],[28] | 25,135 | ||||
Cost | [6],[28] | 25,135 | ||||
Fair Value | [6],[28] | 25,135 | ||||
Investment, Identifier [Axis]: Flatworld Intermediate Corp., Senior Secured First Lien Debt, 10/3/2027 Maturity, 2 | ||||||
Principal Amount | 5,865 | |||||
Cost | 0 | |||||
Fair Value | 0 | |||||
Investment, Identifier [Axis]: Flatworld Intermediate Corp.., Senior Secured First Lien Debt, 10/3/2027 Maturity, 1 | ||||||
Principal Amount | [3],[4],[5] | 25,009 | ||||
Cost | [4],[5] | 25,009 | ||||
Fair Value | [4],[5] | 25,197 | ||||
Investment, Identifier [Axis]: Flatworld Intermediate Corp.., Senior Secured First Lien Debt, 10/3/2027 Maturity, 2 | ||||||
Principal Amount | [3] | 5,865 | ||||
Cost | 0 | |||||
Fair Value | 44 | |||||
Investment, Identifier [Axis]: Florida Food Products, LLC, 10/18/2028 Maturity | ||||||
Principal Amount | [3] | 2,244 | ||||
Cost | 1,863 | |||||
Fair Value | 1,930 | |||||
Investment, Identifier [Axis]: FuseFX, LLC., Senior Secured First Lien Debt, 10/1/2024 Maturity | ||||||
Principal Amount | 19,693 | [3],[4],[5],[8] | 19,795 | [6],[9],[23] | ||
Cost | 19,610 | [4],[5],[8] | 19,663 | [6],[9],[23] | ||
Fair Value | 19,398 | [4],[5],[8] | 19,647 | [6],[9],[23] | ||
Investment, Identifier [Axis]: Fusion Connect Inc., Senior Secured First Lien Debt, 1/18/2027 Maturity | ||||||
Principal Amount | 19,540 | [3],[5],[8],[19] | 19,626 | [9],[10],[21] | ||
Cost | 19,113 | [5],[8],[19] | 19,141 | [9],[10],[21] | ||
Fair Value | 19,540 | [5],[8],[19] | 19,626 | [9],[10],[21] | ||
Investment, Identifier [Axis]: Future Pak, LLC., Senior Secured First Lien Debt, 7/2/2024 Maturity | ||||||
Principal Amount | 20,128 | [3],[8],[29] | 24,169 | [9],[23] | ||
Cost | 20,128 | [8],[29] | 24,169 | [9],[23] | ||
Fair Value | 20,128 | [8],[29] | 23,776 | [9],[23] | ||
Investment, Identifier [Axis]: GSC Technologies Inc., Common Shares, Non-Controlled, Affiliated Investments | ||||||
Fair Value | $ 0 | $ 0 | 0 | |||
Investment, Identifier [Axis]: GSC Technologies Inc., Common Shares., Equity | ||||||
Principal Units (in shares) | 807,268 | [3],[15],[16] | 807,268 | [17],[18] | ||
Cost | $ 0 | [15],[16] | $ 0 | [17],[18] | ||
Fair Value | 0 | [15],[16] | 0 | [17],[18] | ||
Investment, Identifier [Axis]: GSC Technologies Inc., First Lien Term Loan A, Non-Controlled, Affiliated Investments | ||||||
Fair Value | 2,127 | 2,064 | 2,001 | |||
Investment, Identifier [Axis]: GSC Technologies Inc., First Lien Term Loan B, Non-Controlled, Affiliated Investments | ||||||
Fair Value | 694 | 388 | 485 | |||
Investment, Identifier [Axis]: GSC Technologies Inc., Incremental Term Loan, Non-Controlled, Affiliated Investments | ||||||
Fair Value | 0 | 154 | 170 | |||
Investment, Identifier [Axis]: GSC Technologies Inc., Senior Secured First Lien Debt, 9/30/2025 Maturity, 1 | ||||||
Principal Amount | 2,404 | [3],[15],[29] | 2,404 | [17],[23] | ||
Cost | 2,336 | [15],[29] | 2,322 | [17],[23] | ||
Fair Value | 2,127 | [15],[29] | 2,064 | [17],[23] | ||
Investment, Identifier [Axis]: GSC Technologies Inc., Senior Secured First Lien Debt, 9/30/2025 Maturity, 2 | ||||||
Principal Amount | 957 | [3],[15],[19],[29] | 915 | [17],[21],[23] | ||
Cost | 930 | [15],[19],[29] | 882 | [17],[21],[23] | ||
Fair Value | 694 | [15],[19],[29] | 388 | [17],[21],[23] | ||
Investment, Identifier [Axis]: GSC Technologies Inc., Senior Secured First Lien Debt, 9/30/2025 Maturity, 3 | ||||||
Principal Amount | [10],[17],[21] | 154 | ||||
Cost | [10],[17],[21] | 154 | ||||
Fair Value | [10],[17],[21] | 154 | ||||
Investment, Identifier [Axis]: Galaxy XV CLO Ltd. Class A Subordinated Notes., Collateralized Securities and Structured Products - Equity, 4/15/2025 Maturity | ||||||
Principal Amount | 4,000 | [3],[11],[12] | 4,000 | [13],[14] | ||
Cost | 1,293 | [11],[12] | 1,441 | [13],[14] | ||
Fair Value | 1,033 | [11],[12] | 1,108 | [13],[14] | ||
Investment, Identifier [Axis]: Global Tel*Link Corp., Senior Secured Second Lien Debt, 11/29/2026 Maturity | ||||||
Principal Amount | 11,500 | [3],[4],[5] | 11,500 | [6],[7] | ||
Cost | 11,393 | [4],[5] | 11,378 | [6],[7] | ||
Fair Value | 11,428 | [4],[5] | 11,414 | [6],[7] | ||
Investment, Identifier [Axis]: Gold Medal Holdings, Inc., Senior Secured First Lien Debt, 3/17/2027 Maturity | ||||||
Principal Amount | 14,722 | [3],[5],[8] | 14,759 | [7],[9] | ||
Cost | 14,606 | [5],[8] | 14,628 | [7],[9] | ||
Fair Value | 14,722 | [5],[8] | 14,575 | [7],[9] | ||
Investment, Identifier [Axis]: H.W. Lochner, Inc., Senior Secured First Lien Debt, 7/2/2027 Maturity, 1 | ||||||
Principal Amount | 10,373 | [3],[5],[8] | 8,850 | [9],[10] | ||
Cost | 11,612 | [5],[8] | 8,779 | [9],[10] | ||
Fair Value | 10,463 | [5],[8] | 8,850 | [9],[10] | ||
Investment, Identifier [Axis]: H.W. Lochner, Inc., Senior Secured First Lien Debt, 7/2/2027 Maturity, 2 | ||||||
Principal Amount | 8,805 | [3],[5],[8] | 7,457 | [7],[9] | ||
Cost | 7,221 | [5],[8] | 7,234 | [7],[9] | ||
Fair Value | 8,827 | [5],[8] | 7,233 | [7],[9] | ||
Investment, Identifier [Axis]: H.W. Lochner, Inc., Senior Secured First Lien Debt, 7/2/2027 Maturity, 3 | ||||||
Principal Amount | 775 | [3],[5] | 775 | [10] | ||
Cost | 765 | [5] | 765 | [10] | ||
Fair Value | 777 | [5] | 775 | [10] | ||
Investment, Identifier [Axis]: H.W. Lochner, Inc., Senior Secured First Lien Debt, 7/2/2027 Maturity, 4 | ||||||
Principal Amount | 225 | [3] | 225 | |||
Cost | 0 | 0 | ||||
Fair Value | 1 | 0 | ||||
Investment, Identifier [Axis]: HUMC Holdco, LLC., Senior Secured First Lien Debt, 11/4/2023 Maturity | ||||||
Principal Amount | 7,805 | [3],[8],[20] | 7,933 | [7],[9] | ||
Cost | 7,805 | [8],[20] | 7,933 | [7],[9] | ||
Fair Value | 7,805 | [8],[20] | 7,933 | [7],[9] | ||
Investment, Identifier [Axis]: HW Acquisition, LLC., Senior Secured First Lien Debt, 9/28/2026 Maturity, 1 | ||||||
Principal Amount | 18,781 | [3],[8] | 733 | |||
Cost | 18,652 | [8] | 711 | |||
Fair Value | 15,165 | [8] | 686 | |||
Investment, Identifier [Axis]: HW Acquisition, LLC., Senior Secured First Lien Debt, 9/28/2026 Maturity, 2 | ||||||
Principal Amount | 733 | [3] | 18,876 | [9] | ||
Cost | 714 | 18,725 | [9] | |||
Fair Value | 592 | 17,649 | [9] | |||
Investment, Identifier [Axis]: HW Acquisition, LLC., Senior Secured First Lien Debt, 9/28/2026 Maturity, 3 | ||||||
Principal Amount | 2,200 | [3] | 2,200 | |||
Cost | 0 | 0 | ||||
Fair Value | (424) | (143) | ||||
Investment, Identifier [Axis]: Harland Clarke Holdings Corp., Senior Secured First Lien Debt, 6/16/2026 Maturity | ||||||
Principal Amount | 9,186 | [3],[5],[8] | 9,186 | [9],[10] | ||
Cost | 9,180 | [5],[8] | 9,177 | [9],[10] | ||
Fair Value | 8,727 | [5],[8] | 7,625 | [9],[10] | ||
Investment, Identifier [Axis]: Heritage Power, LLC., Senior Secured First Lien Debt, 7/30/2026 Maturity | ||||||
Principal Amount | 8,622 | [3] | 8,622 | [10] | ||
Cost | 6,979 | 6,837 | [10] | |||
Fair Value | 3,794 | 4,527 | [10] | |||
Investment, Identifier [Axis]: Hilliard, Martinez & Gonzales, LLP., Senior Secured First Lien Debt, 12/17/2023 Maturity | ||||||
Principal Amount | 23,703 | [3],[8],[19],[29] | 21,798 | [9],[21],[23] | ||
Cost | 23,681 | [8],[19],[29] | 21,736 | [9],[21],[23] | ||
Fair Value | 23,733 | [8],[19],[29] | 21,798 | [9],[21],[23] | ||
Investment, Identifier [Axis]: Hollander Intermediate LLC., Senior Secured First Lien Debt, 9/19/2026 Maturity | ||||||
Principal Amount | 17,140 | [3],[5],[8] | 17,358 | [7],[9],[23] | ||
Cost | 16,740 | [5],[8] | 16,915 | [7],[9],[23] | ||
Fair Value | 16,711 | [5],[8] | 16,794 | [7],[9],[23] | ||
Investment, Identifier [Axis]: Homer City Generation, L.P., Senior Secured First Lien Debt, 1/29/2023 Maturity, 3 | ||||||
Principal Amount | [18] | 3,000 | ||||
Cost | [18] | 0 | ||||
Fair Value | [18] | 0 | ||||
Investment, Identifier [Axis]: Homer City Generation, L.P., Senior Secured First Lien Debt, 10/1/2024 Maturity, 1 | ||||||
Principal Amount | [3],[8],[19],[27] | 12,222 | ||||
Cost | [8],[19],[27] | 12,024 | ||||
Fair Value | [8],[19],[27] | 8,128 | ||||
Investment, Identifier [Axis]: Homer City Generation, L.P., Senior Secured First Lien Debt, 4/5/2023 Maturity, 1 | ||||||
Principal Amount | [9],[21] | 11,782 | ||||
Cost | [9],[21] | 12,078 | ||||
Fair Value | [9],[21] | 9,308 | ||||
Investment, Identifier [Axis]: Homer City Generation, L.P., Senior Secured First Lien Debt, 5/31/2023 Maturity, 2 | ||||||
Principal Amount | 1,000 | |||||
Cost | 1,000 | |||||
Fair Value | 1,000 | |||||
Investment, Identifier [Axis]: Homer City Generation, L.P., Senior Secured First Lien Debt, 5/31/2023 Maturity, 2 | ||||||
Principal Amount | [3],[19] | 1,000 | ||||
Cost | [19] | 1,000 | ||||
Fair Value | [19] | 1,015 | ||||
Investment, Identifier [Axis]: Hudson Hospital Opco, LLC, Senior Secured First Lien Debt, 11/4/2024 Maturity | ||||||
Principal Amount | [6],[7],[9] | 1,700 | ||||
Cost | [6],[7],[9] | 1,667 | ||||
Fair Value | [6],[7],[9] | 1,673 | ||||
Investment, Identifier [Axis]: Hudson Hospital Opco, LLC., Senior Secured First Lien Debt, 11/4/2023 Maturity | ||||||
Principal Amount | [3],[4],[8],[29] | 2,186 | ||||
Cost | [4],[8],[29] | 2,149 | ||||
Fair Value | [4],[8],[29] | 2,169 | ||||
Investment, Identifier [Axis]: ICA Foam Holdings, LLC, Senior Secured First Lien Debt, 11/5/2025 Maturity, 2 | ||||||
Principal Amount | [7],[9] | 19,950 | ||||
Cost | [7],[9] | 19,567 | ||||
Fair Value | [7],[9] | 19,551 | ||||
Investment, Identifier [Axis]: ICA Foam Holdings, LLC., Senior Secured First Lien Debt, 11/5/2025 Maturity | ||||||
Principal Amount | [3],[5],[8] | 19,850 | ||||
Cost | [5],[8] | 19,539 | ||||
Fair Value | [5],[8] | 19,453 | ||||
Investment, Identifier [Axis]: IJKG Opco LLC, Senior Secured First Lien Debt, 11/4/2023 Maturity, 2 | ||||||
Principal Amount | [6],[7],[9] | 729 | ||||
Cost | [6],[7],[9] | 714 | ||||
Fair Value | [6],[7],[9] | 718 | ||||
Investment, Identifier [Axis]: IJKG Opco LLC., Senior Secured First Lien Debt, 11/4/2023 Maturity | ||||||
Principal Amount | [3],[4],[8],[29] | 1,457 | ||||
Cost | [4],[8],[29] | 1,436 | ||||
Fair Value | [4],[8],[29] | 1,446 | ||||
Investment, Identifier [Axis]: INW Manufacturing, LLC., Senior Secured First Lien Debt, 3/25/2027 Maturity | ||||||
Principal Amount | 18,250 | [3],[4],[20] | 18,750 | [6],[10] | ||
Cost | 17,871 | [4],[20] | 18,317 | [6],[10] | ||
Fair Value | 16,813 | [4],[20] | 17,766 | [6],[10] | ||
Investment, Identifier [Axis]: IPP Buyer Holdings, LLC | ||||||
Fair Value | $ 11,733 | $ 0 | ||||
Investment, Identifier [Axis]: IPP Buyer Holdings, LLC., Equity | ||||||
Principal Units (in shares) | [3],[15],[16] | 8,888,354 | ||||
Cost | [15],[16] | $ 10,740 | ||||
Fair Value | [15],[16] | 11,733 | ||||
Investment, Identifier [Axis]: Independent Pet Partners Intermediate Holdings, LLC, Class A Preferred Units., Equity | ||||||
Principal Units (in shares) | [18] | 1,000,000 | ||||
Cost | [18] | $ 1,000 | ||||
Fair Value | [18] | $ 60 | ||||
Investment, Identifier [Axis]: Independent Pet Partners Intermediate Holdings, LLC, Class B-2 Preferred Units., Equity | ||||||
Principal Units (in shares) | [9],[18] | 2,632,771 | ||||
Cost | [9],[18] | $ 2,133 | ||||
Fair Value | [9],[18] | $ 3,238 | ||||
Investment, Identifier [Axis]: Independent Pet Partners Intermediate Holdings, LLC, Class C Preferred Units., Equity | ||||||
Principal Units (in shares) | [9],[18] | 2,632,771 | ||||
Cost | [9],[18] | $ 2,633 | ||||
Fair Value | [9],[18] | $ 2,238 | ||||
Investment, Identifier [Axis]: Independent Pet Partners Intermediate Holdings, LLC, Warrants., Equity | ||||||
Principal Units (in shares) | [18] | 155,880 | ||||
Cost | [18] | $ 0 | ||||
Fair Value | [18] | 0 | ||||
Investment, Identifier [Axis]: Independent Pet Partners Intermediate Holdings, LLC., Senior Secured First Lien Debt, 11/20/2023 Maturity, 1 | ||||||
Principal Amount | [21] | 10,934 | ||||
Cost | [21] | 10,906 | ||||
Fair Value | [21] | 10,169 | ||||
Investment, Identifier [Axis]: Independent Pet Partners Intermediate Holdings, LLC., Senior Secured First Lien Debt, 2/27/2023 Maturity, 2 | ||||||
Principal Amount | [21] | 2,238 | ||||
Cost | [21] | 2,238 | ||||
Fair Value | [21] | 2,216 | ||||
Investment, Identifier [Axis]: Independent Pet Partners Intermediate Holdings, LLC., Senior Secured First Lien Debt, 2/27/2023 Maturity, 3 | ||||||
Principal Amount | [10],[21] | 281 | ||||
Cost | [10],[21] | 281 | ||||
Fair Value | [10],[21] | 278 | ||||
Investment, Identifier [Axis]: Independent Pet Partners Intermediate Holdings, LLC., Senior Secured First Lien Debt, 2/27/2023 Maturity, 4 | ||||||
Principal Amount | [7],[21] | 473 | ||||
Cost | [7],[21] | 459 | ||||
Fair Value | [7],[21] | 473 | ||||
Investment, Identifier [Axis]: Infogroup Inc., Senior Secured First Lien Debt, 4/3/2023 Maturity | ||||||
Principal Amount | [6],[9],[10] | 15,270 | ||||
Cost | [6],[9],[10] | 15,269 | ||||
Fair Value | [6],[9],[10] | 15,270 | ||||
Investment, Identifier [Axis]: Inotiv, Inc., Senior Secured First Lien Debt, 11/5/2026 Maturity | ||||||
Principal Amount | [3],[8],[24] | 16,365 | ||||
Cost | [8],[24] | 16,144 | ||||
Fair Value | [8],[24] | 15,793 | ||||
Investment, Identifier [Axis]: Inotiv, Inc., Senior Secured First Lien Debt, 11/5/2026 Maturity, 1 | ||||||
Principal Amount | [9],[10] | 16,351 | ||||
Cost | [9],[10] | 16,094 | ||||
Fair Value | [9],[10] | 15,738 | ||||
Investment, Identifier [Axis]: Instant Web Holdings, LLC, Class A Common Units, Non-Controlled, Affiliated Investments | ||||||
Fair Value | $ 0 | $ 0 | 0 | |||
Investment, Identifier [Axis]: Instant Web Holdings, LLC, Class A Common Units., Equity | ||||||
Principal Units (in shares) | 10,819 | [3],[15],[16] | 10,819 | [17],[18] | ||
Cost | $ 0 | [15],[16] | $ 0 | [17],[18] | ||
Fair Value | 0 | [15],[16] | 0 | [17],[18] | ||
Investment, Identifier [Axis]: Instant Web, LLC, First Lien Delayed Draw Term Loan, Non-Controlled, Affiliated Investments | ||||||
Fair Value | (89) | 0 | 0 | |||
Investment, Identifier [Axis]: Instant Web, LLC, First Lien Term Loan, Non-Controlled, Affiliated Investments | ||||||
Fair Value | 25,349 | 28,167 | 0 | |||
Investment, Identifier [Axis]: Instant Web, LLC, Priming Term Loan, Non-Controlled, Affiliated Investments | ||||||
Fair Value | 479 | 469 | 0 | |||
Investment, Identifier [Axis]: Instant Web, LLC, Revolving Loan, Non-Controlled, Affiliated Investments | ||||||
Fair Value | 2,339 | 321 | 0 | |||
Investment, Identifier [Axis]: Instant Web, LLC., Senior Secured First Lien Debt, 2/25/2027 Maturity, 1 | ||||||
Principal Amount | 42,249 | [3],[15],[19],[29] | 39,812 | [6],[9],[17],[21],[23] | ||
Cost | 42,249 | [15],[19],[29] | 39,802 | [6],[9],[17],[21],[23] | ||
Fair Value | 25,349 | [15],[19],[29] | 28,167 | [6],[9],[17],[21],[23] | ||
Investment, Identifier [Axis]: Instant Web, LLC., Senior Secured First Lien Debt, 2/25/2027 Maturity, 2 | ||||||
Principal Amount | 2,414 | [3],[15],[19],[29] | 458 | [17] | ||
Cost | 2,414 | [15],[19],[29] | 458 | [17] | ||
Fair Value | 2,348 | [15],[19],[29] | 469 | [17] | ||
Investment, Identifier [Axis]: Instant Web, LLC., Senior Secured First Lien Debt, 2/25/2027 Maturity, 3 | ||||||
Principal Amount | 467 | [3],[15],[19] | 321 | [10],[17] | ||
Cost | 467 | [15],[19] | 321 | [10],[17] | ||
Fair Value | 479 | [15],[19] | 321 | [10],[17] | ||
Investment, Identifier [Axis]: Instant Web, LLC., Senior Secured First Lien Debt, 2/25/2027 Maturity, 4 | ||||||
Principal Amount | 328 | [3],[15] | 2,383 | [17] | ||
Cost | 0 | [15] | 0 | [17] | ||
Fair Value | (9) | [15] | 0 | [17] | ||
Investment, Identifier [Axis]: Instant Web, LLC., Senior Secured First Lien Debt, 2/25/2027 Maturity, 5 | ||||||
Principal Amount | 3,246 | [3],[15] | 3,246 | [17] | ||
Cost | 0 | [15] | 0 | [17] | ||
Fair Value | (89) | [15] | 0 | [17] | ||
Investment, Identifier [Axis]: Invincible Boat Company LLC., Senior Secured First Lien Debt, 8/28/2025 Maturity, 1 | ||||||
Principal Amount | 13,536 | [3],[8],[20] | 13,536 | [9],[10] | ||
Cost | 13,464 | [8],[20] | 13,444 | [9],[10] | ||
Fair Value | 13,536 | [8],[20] | 13,469 | [9],[10] | ||
Investment, Identifier [Axis]: Invincible Boat Company LLC., Senior Secured First Lien Debt, 8/28/2025 Maturity, 2 | ||||||
Principal Amount | 479 | [3],[20] | 239 | [10] | ||
Cost | 479 | [20] | 239 | [10] | ||
Fair Value | 479 | [20] | 238 | [10] | ||
Investment, Identifier [Axis]: Invincible Boat Company LLC., Senior Secured First Lien Debt, 8/28/2025 Maturity, 3 | ||||||
Principal Amount | 319 | [3] | 559 | |||
Cost | 0 | 0 | ||||
Fair Value | 0 | (3) | ||||
Investment, Identifier [Axis]: Ironhorse Purchaser, LLC, Senior Secured First Lien Debt, 9/30/2027 Maturity 1 | ||||||
Principal Amount | [6],[7] | 7,125 | ||||
Cost | [6],[7] | 7,056 | ||||
Fair Value | [6],[7] | 7,054 | ||||
Investment, Identifier [Axis]: Ironhorse Purchaser, LLC, Senior Secured First Lien Debt, 9/30/2027 Maturity 2 | ||||||
Principal Amount | [7] | 388 | ||||
Cost | [7] | 380 | ||||
Fair Value | [7] | 384 | ||||
Investment, Identifier [Axis]: Ironhorse Purchaser, LLC, Senior Secured First Lien Debt, 9/30/2027 Maturity 3 | ||||||
Principal Amount | 429 | |||||
Cost | 0 | |||||
Fair Value | (4) | |||||
Investment, Identifier [Axis]: Ironhorse Purchaser, LLC, Senior Secured First Lien Debt, 9/30/2027 Maturity 4 | ||||||
Principal Amount | 2,041 | |||||
Cost | (20) | |||||
Fair Value | (20) | |||||
Investment, Identifier [Axis]: Ironhorse Purchaser, LLC., Senior Secured First Lien Debt, 9/30/2024 Maturity | ||||||
Principal Amount | [3],[5] | 2,031 | ||||
Cost | [5] | 2,014 | ||||
Fair Value | [5] | 2,031 | ||||
Investment, Identifier [Axis]: Ironhorse Purchaser, LLC., Senior Secured First Lien Debt, 9/30/2027 Maturity 1 | ||||||
Principal Amount | [3],[4],[5] | 7,089 | ||||
Cost | [4],[5] | 7,028 | ||||
Fair Value | [4],[5] | 7,089 | ||||
Investment, Identifier [Axis]: Ironhorse Purchaser, LLC., Senior Secured First Lien Debt, 9/30/2027 Maturity 3 | ||||||
Principal Amount | [3],[5] | 517 | ||||
Cost | [5] | 510 | ||||
Fair Value | [5] | 517 | ||||
Investment, Identifier [Axis]: Ironhorse Purchaser, LLC., Senior Secured First Lien Debt, 9/30/2027 Maturity 4 | ||||||
Principal Amount | [3] | 299 | ||||
Cost | 0 | |||||
Fair Value | 0 | |||||
Investment, Identifier [Axis]: Isagenix International, LLC, First Lien Term Loan | ||||||
Fair Value | 8,237 | 0 | ||||
Investment, Identifier [Axis]: Isagenix International, LLC., Senior Secured First Lien Debt, 4/14/2028 Maturity | ||||||
Principal Amount | [3],[5],[15] | 8,237 | ||||
Cost | [5],[15] | 8,237 | ||||
Fair Value | [5],[15] | 8,237 | ||||
Investment, Identifier [Axis]: Isagenix International, LLC., Senior Secured First Lien Debt, 6/14/2025 Maturity | ||||||
Principal Amount | [9],[10] | 16,229 | ||||
Cost | [9],[10] | 15,103 | ||||
Fair Value | [9],[10] | 13,774 | ||||
Investment, Identifier [Axis]: Isagenix Worldwide, Inc. | ||||||
Fair Value | $ 8,987 | 0 | ||||
Investment, Identifier [Axis]: Isagenix Worldwide, Inc. Equity | ||||||
Principal Units (in shares) | [3],[15],[16] | 601,941 | ||||
Cost | [15],[16] | $ 8,987 | ||||
Fair Value | [15],[16] | 8,987 | ||||
Investment, Identifier [Axis]: JP Intermediate B, LLC., Senior Secured First Lien Debt, 11/20/2025 Maturity | ||||||
Principal Amount | [9],[10] | 13,438 | ||||
Cost | [9],[10] | 13,296 | ||||
Fair Value | [9],[10] | 9,809 | ||||
Investment, Identifier [Axis]: JP Intermediate B, LLC., Senior Secured First Lien Debt, 11/20/2027 Maturity | ||||||
Principal Amount | [3],[8],[20] | 12,979 | ||||
Cost | [8],[20] | 12,867 | ||||
Fair Value | [8],[20] | 10,091 | ||||
Investment, Identifier [Axis]: Jenny C Acquisition, Inc., Senior Secured First Lien Debt, 10/1/2024 Maturity | ||||||
Principal Amount | [10],[26] | 11,789 | ||||
Cost | [10],[26] | 11,745 | ||||
Fair Value | [10],[26] | 9,241 | ||||
Investment, Identifier [Axis]: Jenny C Acquisition, Inc., Senior Secured First Lien Debt, 10/1/2024 Maturity, 1 | ||||||
Principal Amount | [3],[20],[27] | 11,789 | ||||
Cost | [20],[27] | 11,745 | ||||
Fair Value | [20],[27] | 0 | ||||
Investment, Identifier [Axis]: Jenny C Acquisition, Inc., Senior Secured First Lien Debt, 10/1/2024 Maturity, 2 | ||||||
Principal Amount | [3],[27],[29] | 534 | ||||
Cost | [27],[29] | 534 | ||||
Fair Value | [27],[29] | $ 131 | ||||
Investment, Identifier [Axis]: K&N Holdco, LLC, Membership Units, Equity | ||||||
Principal Units (in shares) | [3],[16] | 458,364 | ||||
Cost | [16] | $ 8,356 | ||||
Fair Value | [16] | 6,880 | ||||
Investment, Identifier [Axis]: K&N Parent, Inc., Senior Secured First Lien Debt, 10/20/2023 Maturity 1 | ||||||
Principal Amount | [10] | 13,090 | ||||
Cost | [10] | 12,898 | ||||
Fair Value | [10] | 12,435 | ||||
Investment, Identifier [Axis]: K&N Parent, Inc., Senior Secured First Lien Debt, 2/14/2027 Maturity, 2 | ||||||
Principal Amount | [3],[8],[29] | 4,252 | ||||
Cost | [8],[29] | 4,108 | ||||
Fair Value | [8],[29] | 4,454 | ||||
Investment, Identifier [Axis]: K&N Parent, Inc., Senior Secured First Lien Debt, 2/15/2023 Maturity 2 | ||||||
Principal Amount | [7] | 1,200 | ||||
Cost | [7] | 1,152 | ||||
Fair Value | [7] | 1,220 | ||||
Investment, Identifier [Axis]: K&N Parent, Inc., Senior Secured First Lien Debt, 8/14/2027 Maturity, 1 | ||||||
Principal Amount | [3],[19],[29] | 5,441 | ||||
Cost | [19],[29] | 5,441 | ||||
Fair Value | [19],[29] | 5,427 | ||||
Investment, Identifier [Axis]: KNB Holdings Corp., Senior Secured First Lien Debt, 4/26/2024 Maturity | ||||||
Principal Amount | 7,634 | [3],[8],[27],[37] | 7,634 | [6],[9],[25],[26] | ||
Cost | 7,387 | [8],[27],[37] | 7,387 | [6],[9],[25],[26] | ||
Fair Value | 305 | [8],[27],[37] | 3,321 | [6],[9],[25],[26] | ||
Investment, Identifier [Axis]: Klein Hersh, LLC., Senior Secured First Lien Debt, 4/27/2027 Maturity | ||||||
Principal Amount | 20,782 | [3],[8],[19],[29] | 19,766 | [9],[28] | ||
Cost | 20,782 | [8],[19],[29] | 19,766 | [9],[28] | ||
Fair Value | 20,730 | [8],[19],[29] | 19,667 | [9],[28] | ||
Investment, Identifier [Axis]: LAV Gear Holdings, Inc., Senior Secured First Lien Debt, 10/31/2024 Maturity, 1 | ||||||
Principal Amount | 27,722 | [3],[4],[5],[8] | 27,854 | [6],[7],[9] | ||
Cost | 27,559 | [4],[5],[8] | 27,625 | [6],[7],[9] | ||
Fair Value | 27,662 | [4],[5],[8] | 27,366 | [6],[7],[9] | ||
Investment, Identifier [Axis]: LAV Gear Holdings, Inc., Senior Secured First Lien Debt, 10/31/2024 Maturity, 2 | ||||||
Principal Amount | 4,548 | [3],[4],[5],[8] | 4,569 | [6],[7],[9] | ||
Cost | 4,531 | [4],[5],[8] | 4,544 | [6],[7],[9] | ||
Fair Value | 4,542 | [4],[5],[8] | 4,489 | [6],[7],[9] | ||
Investment, Identifier [Axis]: LGC US Finco, LLC., Senior Secured First Lien Debt, 12/20/2025 Maturity | ||||||
Principal Amount | 11,348 | [3],[8],[22] | 11,515 | [9],[23] | ||
Cost | 11,139 | [8],[22] | 11,263 | [9],[23] | ||
Fair Value | $ 11,348 | [8],[22] | 11,184 | [9],[23] | ||
Investment, Identifier [Axis]: Language Education Holdings GP LLC, Common Units, Non-Controlled, Affiliated Investments | ||||||
Fair Value | $ 0 | 0 | ||||
Investment, Identifier [Axis]: Language Education Holdings GP LLC, Common Units., Equity | ||||||
Principal Units (in shares) | 366,667 | [3],[16] | 366,667 | [17],[18] | ||
Cost | $ 0 | [16] | $ 0 | [17],[18] | ||
Fair Value | $ 0 | [16] | 0 | [17],[18] | ||
Investment, Identifier [Axis]: Language Education Holdings LP, Ordinary Common Units, Non-Controlled, Affiliated Investments | ||||||
Fair Value | $ 0 | 0 | ||||
Investment, Identifier [Axis]: Language Education Holdings LP, Ordinary Common Units., Equity | ||||||
Principal Units (in shares) | 366,667 | [3],[16] | 366,667 | [17],[18] | ||
Cost | $ 825 | [16] | $ 825 | [17],[18] | ||
Fair Value | 1,360 | [16] | 1,173 | [17],[18] | ||
Investment, Identifier [Axis]: LaserAway Intermediate Holdings II, LLC., Senior Secured First Lien Debt, 10/12/2027 Maturity | ||||||
Principal Amount | [9],[10] | 3,375 | ||||
Cost | [9],[10] | 3,319 | ||||
Fair Value | [9],[10] | 3,316 | ||||
Investment, Identifier [Axis]: Lift Brands, Inc., Senior Secured First Lien Debt, 6/29/2025 Maturity, 1 | ||||||
Principal Amount | 23,169 | [3],[4],[8],[15],[29] | 23,287 | [6],[9],[17],[23] | ||
Cost | 23,169 | [4],[8],[15],[29] | 23,287 | [6],[9],[17],[23] | ||
Fair Value | 23,169 | [4],[8],[15],[29] | 23,287 | [6],[9],[17],[23] | ||
Investment, Identifier [Axis]: Lift Brands, Inc., Senior Secured First Lien Debt, 6/29/2025 Maturity, 2 | ||||||
Principal Amount | 5,777 | [3],[4],[8],[15],[19] | 5,556 | [6],[9],[17] | ||
Cost | 5,724 | [4],[8],[15],[19] | 5,490 | [6],[9],[17] | ||
Fair Value | 5,430 | [4],[8],[15],[19] | 5,154 | [6],[9],[17] | ||
Investment, Identifier [Axis]: Lift Brands, Inc., Senior Secured First Lien Debt, 6/29/2025 Maturity, 3 | ||||||
Principal Amount | 6,602 | [3],[4],[8],[15],[19] | 5,296 | [6],[9],[17],[38] | ||
Cost | 6,282 | [4],[8],[15],[19] | 4,947 | [6],[9],[17],[38] | ||
Fair Value | 6,016 | [4],[8],[15],[19] | 4,732 | [6],[9],[17],[38] | ||
Investment, Identifier [Axis]: Lift Brands, Inc., Term Loan A, Non-Controlled, Affiliated Investments | ||||||
Fair Value | 23,169 | 23,287 | 23,406 | |||
Investment, Identifier [Axis]: Lift Brands, Inc., Term Loan B, Non-Controlled, Affiliated Investments | ||||||
Fair Value | 5,430 | 5,154 | 5,156 | |||
Investment, Identifier [Axis]: Lift Brands, Inc., Term Loan C, Non-Controlled, Affiliated Investments | ||||||
Fair Value | 6,016 | 4,732 | 4,700 | |||
Investment, Identifier [Axis]: Longview Intermediate Holdings C, LLC, Membership Units, Non-Controlled, Affiliated Investments | ||||||
Fair Value | $ 21,680 | $ 23,995 | 15,127 | |||
Investment, Identifier [Axis]: Longview Intermediate Holdings C, LLC, Membership Units., Equity | ||||||
Principal Units (in shares) | 653,989 | [3],[15] | 653,989 | [17],[18] | ||
Cost | $ 2,704 | [15] | $ 2,704 | [17],[18] | ||
Fair Value | 21,680 | [15] | 23,995 | [17],[18] | ||
Investment, Identifier [Axis]: Longview Power, LLC, First Lien Term Loan, Non-Controlled, Affiliated Investments | ||||||
Fair Value | 0 | 2,348 | 4,504 | |||
Investment, Identifier [Axis]: Longview Power, LLC., Senior Secured First Lien Debt, 7/30/2025 Maturity | ||||||
Principal Amount | [10],[17] | 2,073 | ||||
Cost | [10],[17] | 1,390 | ||||
Fair Value | [10],[17] | 2,348 | ||||
Investment, Identifier [Axis]: Lucky Bucks Holdings LLC., Unsecured Debt, 5/29/2028 Maturity | ||||||
Principal Amount | 24,307 | [3],[19],[27] | 22,860 | [21] | ||
Cost | 22,860 | [19],[27] | 22,860 | [21] | ||
Fair Value | 4,375 | [19],[27] | 15,316 | [21] | ||
Investment, Identifier [Axis]: Lucky Bucks Holdings LLC., Unsecured Debt, 7/30/2027 Maturity | ||||||
Principal Amount | [3],[22],[39] | 10,500 | ||||
Cost | [22],[39] | 4,200 | ||||
Fair Value | [22],[39] | 5,513 | ||||
Investment, Identifier [Axis]: MacNeill Pride Group Corp., Senior Secured First Lien Debt, 4/22/2026 Maturity, 1 | ||||||
Principal Amount | 17,714 | [3],[5],[8] | 17,804 | [7],[9] | ||
Cost | 17,635 | [5],[8] | 17,702 | [7],[9] | ||
Fair Value | 17,626 | [5],[8] | 17,448 | [7],[9] | ||
Investment, Identifier [Axis]: MacNeill Pride Group Corp., Senior Secured First Lien Debt, 4/22/2026 Maturity, 2 | ||||||
Principal Amount | 6,539 | [3],[5],[8] | 7,910 | [7],[9] | ||
Cost | 6,487 | [5],[8] | 7,836 | [7],[9] | ||
Fair Value | 6,506 | [5],[8] | 7,751 | [7],[9] | ||
Investment, Identifier [Axis]: MacNeill Pride Group Corp., Senior Secured First Lien Debt, 4/30/2024 Maturity | ||||||
Principal Amount | [3] | 2,017 | ||||
Cost | 0 | |||||
Fair Value | (10) | |||||
Investment, Identifier [Axis]: MacNeill Pride Group Corp., Senior Secured First Lien Debt, 4/30/2024 Maturity, 3 | ||||||
Principal Amount | 2,017 | |||||
Cost | 0 | |||||
Fair Value | (40) | |||||
Investment, Identifier [Axis]: Manus Bio Inc., Senior Secured First Lien Debt, 8/20/2026 Maturity | ||||||
Principal Amount | 13,081 | [3] | 14,213 | |||
Cost | 13,014 | 14,128 | ||||
Fair Value | 13,081 | 14,212 | ||||
Investment, Identifier [Axis]: Marble Point Credit Management LLC., Senior Secured First Lien Debt, 8/11/2028 Maturity, 1 | ||||||
Principal Amount | [10] | 6,089 | ||||
Cost | [10] | 5,985 | ||||
Fair Value | [10] | 6,089 | ||||
Investment, Identifier [Axis]: Marble Point Credit Management LLC., Senior Secured First Lien Debt, 8/11/2028 Maturity, 2 | ||||||
Principal Amount | [10] | 1,437 | ||||
Cost | [10] | 1,418 | ||||
Fair Value | [10] | 1,437 | ||||
Investment, Identifier [Axis]: Medplast Holdings, Inc.., Senior Secured First Lien Debt, 7/2/2025 Maturity | ||||||
Principal Amount | [3],[22] | 4,987 | ||||
Cost | [22] | 4,781 | ||||
Fair Value | [22] | 4,849 | ||||
Investment, Identifier [Axis]: Mimeo.com, Inc., Senior Secured First Lien Debt, 12/21/2024 Maturity, 1 | ||||||
Principal Amount | 21,983 | [3],[8],[20] | 22,328 | [10] | ||
Cost | 21,983 | [8],[20] | 22,328 | [10] | ||
Fair Value | 21,846 | [8],[20] | 22,161 | [10] | ||
Investment, Identifier [Axis]: Mimeo.com, Inc., Senior Secured First Lien Debt, 12/21/2024 Maturity, 2 | ||||||
Principal Amount | 2,756 | [3],[20] | 2,256 | [10] | ||
Cost | 2,756 | [20] | 2,256 | [10] | ||
Fair Value | 2,739 | [20] | 2,239 | [10] | ||
Investment, Identifier [Axis]: Mimeo.com, Inc., Senior Secured First Lien Debt, 12/21/2024 Maturity, 3 | ||||||
Principal Amount | 2,500 | [3] | 3,000 | |||
Cost | 0 | 0 | ||||
Fair Value | (16) | (23) | ||||
Investment, Identifier [Axis]: Moss Holding Company, Senior Secured First Lien Debt, 4/17/2024 Maturity, 2 | ||||||
Principal Amount | [3] | 106 | ||||
Cost | 0 | |||||
Fair Value | (1) | |||||
Investment, Identifier [Axis]: Moss Holding Company, Senior Secured First Lien Debt, 4/17/2024 Maturity, 3 | ||||||
Principal Amount | [3] | 2,126 | ||||
Cost | 0 | |||||
Fair Value | (27) | |||||
Investment, Identifier [Axis]: Moss Holding Company., Senior Secured First Lien Debt, 4/17/2024 Maturity, 1 | ||||||
Principal Amount | 19,475 | [3],[4],[5],[8] | 19,576 | [6],[7],[9] | ||
Cost | 19,428 | [4],[5],[8] | 19,500 | [6],[7],[9] | ||
Fair Value | 19,232 | [4],[5],[8] | 19,185 | [6],[7],[9] | ||
Investment, Identifier [Axis]: Moss Holding Company., Senior Secured First Lien Debt, 4/17/2024 Maturity, 2 | ||||||
Principal Amount | 106 | |||||
Cost | 0 | |||||
Fair Value | (2) | |||||
Investment, Identifier [Axis]: Moss Holding Company., Senior Secured First Lien Debt, 4/17/2024 Maturity, 3 | ||||||
Principal Amount | 2,126 | |||||
Cost | 0 | |||||
Fair Value | (43) | |||||
Investment, Identifier [Axis]: Mount Logan Capital Inc., Common Stock, Non-Controlled, Affiliated Investments | ||||||
Fair Value | $ 2,266 | $ 2,341 | 3,404 | |||
Investment, Identifier [Axis]: Mount Logan Capital Inc., Common Stock., Equity | ||||||
Principal Units (in shares) | 1,075,557 | [3],[12],[15],[40] | 1,075,557 | [14],[17],[41] | ||
Cost | $ 3,534 | [12],[15],[40] | $ 3,534 | [14],[17],[41] | ||
Fair Value | $ 2,266 | [12],[15],[40] | $ 2,341 | [14],[17],[41] | ||
Investment, Identifier [Axis]: NS NWN Acquisition, LLC, Class A Preferred Units., Equity | ||||||
Principal Units (in shares) | 111 | [3],[16] | 111 | [18] | ||
Cost | $ 110 | [16] | $ 110 | [18] | ||
Fair Value | $ 1,338 | [16] | $ 909 | [18] | ||
Investment, Identifier [Axis]: NS NWN Acquisition, LLC, Common Equity, Equity | ||||||
Principal Units (in shares) | 346 | [3],[16] | 346 | [18] | ||
Cost | $ 393 | [16] | $ 393 | [18] | ||
Fair Value | $ 0 | [16] | $ 0 | [18] | ||
Investment, Identifier [Axis]: NS NWN Holdco LLC, Non-Voting Units, Equity | ||||||
Principal Units (in shares) | [3],[16] | 522 | ||||
Cost | [16] | $ 504 | ||||
Fair Value | [16] | $ 295 | ||||
Investment, Identifier [Axis]: NS NWN Holdco LLC, Non-Voting Units., Equity | ||||||
Principal Units (in shares) | [18] | 522 | ||||
Cost | [18] | $ 504 | ||||
Fair Value | [18] | $ 200 | ||||
Investment, Identifier [Axis]: NSG Co-Invest (Bermuda) LP, Partnership Interests., Equity | ||||||
Principal Units (in shares) | 1,575 | [3],[12],[16] | 1,575 | [14],[18] | ||
Cost | $ 1,000 | [12],[16] | $ 1,000 | [14],[18] | ||
Fair Value | 887 | [12],[16] | 664 | [14],[18] | ||
Investment, Identifier [Axis]: NWN Parent Holdings LLC., Senior Secured First Lien Debt, 5/7/2026 Maturity, 1 | ||||||
Principal Amount | 12,604 | [3],[5],[8] | 12,755 | [9],[10] | ||
Cost | 12,536 | [5],[8] | 12,664 | [9],[10] | ||
Fair Value | 12,494 | [5],[8] | 12,643 | [9],[10] | ||
Investment, Identifier [Axis]: NWN Parent Holdings LLC., Senior Secured First Lien Debt, 5/7/2026 Maturity, 2 | ||||||
Principal Amount | 600 | [3],[5] | 810 | [10] | ||
Cost | 587 | [5] | 798 | [10] | ||
Fair Value | 595 | [5] | 803 | [10] | ||
Investment, Identifier [Axis]: NWN Parent Holdings LLC., Senior Secured First Lien Debt, 5/7/2026 Maturity, 3 | ||||||
Principal Amount | 1,200 | [3] | 90 | |||
Cost | 0 | 0 | ||||
Fair Value | $ (11) | (1) | ||||
Investment, Identifier [Axis]: Neptune Flood Inc., Senior Secured First Lien Debt, 10/21/2026 Maturity | ||||||
Principal Amount | [9],[10] | 7,789 | ||||
Cost | [9],[10] | 7,742 | ||||
Fair Value | [9],[10] | $ 7,867 | ||||
Investment, Identifier [Axis]: New Giving Acquisition, Inc., Warrants, Equity | ||||||
Principal Units (in shares) | 4,630 | [3],[16] | 4,630 | [18] | ||
Cost | $ 633 | [16] | $ 633 | [18] | ||
Fair Value | 1,394 | [16] | 786 | [18] | ||
Investment, Identifier [Axis]: NewsCycle Solutions, Inc., Senior Secured First Lien Debt, 12/29/2023 Maturity | ||||||
Principal Amount | 12,381 | [3],[4],[5],[8] | 12,444 | [6],[9],[10] | ||
Cost | 12,377 | [4],[5],[8] | 12,432 | [6],[9],[10] | ||
Fair Value | 12,396 | [4],[5],[8] | 12,444 | [6],[9],[10] | ||
Investment, Identifier [Axis]: OpCo Borrower, LLC., Senior Secured First Lien Debt, 8/19/2027 Maturity, 1 | ||||||
Principal Amount | 11,243 | [3],[8],[29] | 11,387 | [9],[28] | ||
Cost | 11,141 | [8],[29] | 11,268 | [9],[28] | ||
Fair Value | 11,328 | [8],[29] | 11,387 | [9],[28] | ||
Investment, Identifier [Axis]: OpCo Borrower, LLC., Senior Secured First Lien Debt, 8/19/2027 Maturity, 2 | ||||||
Principal Amount | [28] | 208 | ||||
Cost | [28] | 208 | ||||
Fair Value | [28] | 208 | ||||
Investment, Identifier [Axis]: OpCo Borrower, LLC., Senior Secured First Lien Debt, 8/19/2027 Maturity, 3 | ||||||
Principal Amount | 1,042 | [3] | 833 | |||
Cost | 0 | 0 | ||||
Fair Value | 8 | 0 | ||||
Investment, Identifier [Axis]: OpCo Borrower, LLC., Senior Secured Second Lien Debt, 2/19/2028 Maturity | ||||||
Principal Amount | 12,500 | [3],[8] | 12,500 | [9] | ||
Cost | 11,730 | [8] | 11,659 | [9] | ||
Fair Value | 11,500 | [8] | 11,312 | [9] | ||
Investment, Identifier [Axis]: Optio Rx, LLC., Senior Secured First Lien Debt, 6/28/2024 Maturity, 1 | ||||||
Principal Amount | [6],[9],[23] | 15,929 | ||||
Cost | [6],[9],[23] | 15,892 | ||||
Fair Value | [6],[9],[23] | 15,749 | ||||
Investment, Identifier [Axis]: Optio Rx, LLC., Senior Secured First Lien Debt, 6/28/2024 Maturity, 2 | ||||||
Principal Amount | [6],[23] | 2,515 | ||||
Cost | [6],[23] | 2,504 | ||||
Fair Value | [6],[23] | 2,615 | ||||
Investment, Identifier [Axis]: Optio Rx, LLC., Senior Secured First Lien Debt, 6/28/2028 Maturity, 1 | ||||||
Principal Amount | [3],[4],[8],[22] | 15,585 | ||||
Cost | [4],[8],[22] | 15,561 | ||||
Fair Value | [4],[8],[22] | 15,526 | ||||
Investment, Identifier [Axis]: Optio Rx, LLC., Senior Secured First Lien Debt, 6/28/2028 Maturity, 2 | ||||||
Principal Amount | [3],[4],[22] | 2,515 | ||||
Cost | [4],[22] | 2,508 | ||||
Fair Value | [4],[22] | 2,578 | ||||
Investment, Identifier [Axis]: PH Beauty Holdings III. Inc., Senior Secured First Lien Debt, 9/28/2025 Maturity | ||||||
Principal Amount | 9,525 | [3],[8],[20] | 9,575 | [9],[10] | ||
Cost | 9,212 | [8],[20] | 9,195 | [9],[10] | ||
Fair Value | 8,727 | [8],[20] | $ 8,677 | [9],[10] | ||
Investment, Identifier [Axis]: PRA Acquisition, LLC, 5/12/2028 Maturity | ||||||
Principal Amount | [3],[4],[5] | 20,000 | ||||
Cost | [4],[5] | 20,000 | ||||
Fair Value | [4],[5] | $ 20,000 | ||||
Investment, Identifier [Axis]: Palmetto Clean Technology, Inc., Warrants., Equity | ||||||
Principal Units (in shares) | 724,112 | [3],[16] | 724,112 | [18] | ||
Cost | $ 471 | [16] | $ 471 | [18] | ||
Fair Value | 3,287 | [16] | 3,867 | [18] | ||
Investment, Identifier [Axis]: Pentec Acquisition Corp., Senior Secured First Lien Debt, 10/8/2026 Maturity | ||||||
Principal Amount | 24,625 | [3],[8],[29] | 24,750 | [9],[23] | ||
Cost | 24,461 | [8],[29] | 24,551 | [9],[23] | ||
Fair Value | 24,687 | [8],[29] | 24,750 | [9],[23] | ||
Investment, Identifier [Axis]: Playboy Enterprises, Inc., Senior Secured First Lien Debt, 5/25/2027 Maturity | ||||||
Principal Amount | 19,527 | [3],[4],[5],[12] | 25,202 | [6],[10],[14] | ||
Cost | 19,179 | [4],[5],[12] | 24,729 | [6],[10],[14] | ||
Fair Value | 19,234 | [4],[5],[12] | 24,257 | [6],[10],[14] | ||
Investment, Identifier [Axis]: Project Castle, Inc., Senior Secured First Lien Debt, 6/1/2029 Maturity | ||||||
Principal Amount | 7,930 | [3],[5],[8] | 9,975 | [7],[9] | ||
Cost | 7,181 | [5],[8] | 8,979 | [7],[9] | ||
Fair Value | 6,741 | [5],[8] | 8,117 | [7],[9] | ||
Investment, Identifier [Axis]: R. R. Donnelley & Sons Company , 3/22/2028 Maturity | ||||||
Principal Amount | [3] | 12,582 | ||||
Cost | 12,550 | |||||
Fair Value | 12,535 | |||||
Investment, Identifier [Axis]: RA Outdoors, LLC, Senior Secured Second Lien Debt, 10/8/2026 Maturity | ||||||
Principal Amount | [3],[5],[8] | 1,818 | ||||
Cost | [5],[8] | 1,818 | ||||
Fair Value | [5],[8] | 1,818 | ||||
Investment, Identifier [Axis]: RA Outdoors, LLC., Senior Secured First Lien Debt, 4/8/2026 Maturity, 1 | ||||||
Principal Amount | 10,979 | [3],[5],[8] | 10,979 | [7],[9] | ||
Cost | 10,979 | [5],[8] | 10,979 | [7],[9] | ||
Fair Value | 10,979 | [5],[8] | 10,938 | [7],[9] | ||
Investment, Identifier [Axis]: RA Outdoors, LLC., Senior Secured First Lien Debt, 4/8/2026 Maturity, 2 | ||||||
Principal Amount | 1,049 | |||||
Cost | (170) | |||||
Fair Value | (1) | |||||
Investment, Identifier [Axis]: RA Outdoors, LLC., Senior Secured First Lien Debt, 4/8/2026 Maturity, 3 | ||||||
Principal Amount | [3] | 1,049 | ||||
Cost | (94) | |||||
Fair Value | 0 | |||||
Investment, Identifier [Axis]: RA Outdoors, LLC., Senior Secured Second Lien Debt, 10/8/2026 Maturity | ||||||
Principal Amount | [7],[9] | 1,827 | ||||
Cost | [7],[9] | 1,827 | ||||
Fair Value | [7],[9] | 1,825 | ||||
Investment, Identifier [Axis]: Retail Services WIS Corp., Senior Secured First Lien Debt, 5/20/2025 Maturity | ||||||
Principal Amount | 9,297 | [3],[5],[8] | 9,548 | [9],[10] | ||
Cost | 9,154 | [5],[8] | 9,374 | [9],[10] | ||
Fair Value | 9,297 | [5],[8] | 9,357 | [9],[10] | ||
Investment, Identifier [Axis]: Robert C. Hilliard, L.L.P., Senior Secured First Lien Debt, 12/17/2023 Maturity | ||||||
Principal Amount | 1,973 | [3],[8],[19],[29] | 1,815 | [9],[21],[23] | ||
Cost | 1,973 | [8],[19],[29] | 1,815 | [9],[21],[23] | ||
Fair Value | 1,976 | [8],[19],[29] | 1,815 | [9],[21],[23] | ||
Investment, Identifier [Axis]: Rogers Mechanical Contractors, LLC., Senior Secured First Lien Debt, 9/9/2025 Maturity, 1 | ||||||
Principal Amount | 15,275 | [3],[8],[19],[24] | 16,365 | [7],[9],[21] | ||
Cost | 15,275 | [8],[19],[24] | 16,365 | [7],[9],[21] | ||
Fair Value | 15,217 | [8],[19],[24] | 16,324 | [7],[9],[21] | ||
Investment, Identifier [Axis]: Rogers Mechanical Contractors, LLC., Senior Secured First Lien Debt, 9/9/2025 Maturity, 2 | ||||||
Principal Amount | 899 | [3],[8],[19],[24] | 962 | [7],[21] | ||
Cost | 899 | [8],[19],[24] | 962 | [7],[21] | ||
Fair Value | 896 | [8],[19],[24] | 959 | [7],[21] | ||
Investment, Identifier [Axis]: Rogers Mechanical Contractors, LLC., Senior Secured First Lien Debt, 9/9/2025 Maturity, 3 | ||||||
Principal Amount | 2,404 | [3] | 962 | |||
Cost | 0 | 0 | ||||
Fair Value | (9) | (2) | ||||
Investment, Identifier [Axis]: Rogers Mechanical Contractors, LLC., Senior Secured First Lien Debt, 9/9/2025 Maturity, 4 | ||||||
Principal Amount | 2,404 | |||||
Cost | 0 | |||||
Fair Value | (6) | |||||
Investment, Identifier [Axis]: RumbleOn, Inc., Senior Secured First Lien Debt, 2/28/2023 Maturity, 3 | ||||||
Principal Amount | [18] | 1,775 | ||||
Cost | [18] | 0 | ||||
Fair Value | [18] | (98) | ||||
Investment, Identifier [Axis]: RumbleOn, Inc., Senior Secured First Lien Debt, 8/31/2026 Maturity, 1 | ||||||
Principal Amount | 13,221 | [3],[5],[8] | 13,284 | [9],[10] | ||
Cost | 12,523 | [5],[8] | 12,497 | [9],[10] | ||
Fair Value | 12,461 | [5],[8] | 12,554 | [9],[10] | ||
Investment, Identifier [Axis]: RumbleOn, Inc., Senior Secured First Lien Debt, 8/31/2026 Maturity, 2 | ||||||
Principal Amount | 4,000 | [3],[5],[8] | 4,019 | [10] | ||
Cost | 3,974 | [5],[8] | 3,976 | [10] | ||
Fair Value | $ 3,770 | [5],[8] | $ 3,798 | [10] | ||
Investment, Identifier [Axis]: RumbleOn, Inc., Warrants., Equity | ||||||
Principal Units (in shares) | 60,606 | [3],[16] | 60,606 | [18] | ||
Cost | $ 927 | [16] | $ 927 | [18] | ||
Fair Value | $ 0 | [16] | 1 | [18] | ||
Investment, Identifier [Axis]: SIMR Parent, LLC, Class B Membership Units, Non-Controlled, Affiliated Investments | ||||||
Fair Value | 0 | 0 | ||||
Investment, Identifier [Axis]: SIMR Parent, LLC, Class W Membership Units, Non-Controlled, Affiliated Investments | ||||||
Fair Value | 0 | 0 | ||||
Investment, Identifier [Axis]: SIMR, LLC, First Lien Term Loan, Non-Controlled, Affiliated Investments | ||||||
Fair Value | 0 | 16,000 | ||||
Investment, Identifier [Axis]: SRA Holdings, LLC, Membership Units, Equity | ||||||
Principal Units (in shares) | [3],[15],[16] | 224,865 | ||||
Cost | [15],[16] | $ 23,611 | ||||
Fair Value | [15],[16] | 23,706 | ||||
Investment, Identifier [Axis]: SRA Holdings, LLC, Membership Units, Non-Controlled, Affiliated Investments | ||||||
Fair Value | 23,706 | 0 | ||||
Investment, Identifier [Axis]: STATinMED, LLC, Delayed Draw First Lien Term Loan, Non-Controlled, Affiliated Investments | ||||||
Fair Value | 156 | 0 | ||||
Investment, Identifier [Axis]: STATinMED, LLC, First Lien Term Loan, Non-Controlled, Affiliated Investments | ||||||
Fair Value | 9,657 | 9,107 | 0 | |||
Investment, Identifier [Axis]: STATinMED, LLC., Senior Secured First Lien Debt, 3/31/2023 Maturity 2 | ||||||
Principal Amount | [17],[21],[28] | 156 | ||||
Cost | [17],[21],[28] | 153 | ||||
Fair Value | [17],[21],[28] | 156 | ||||
Investment, Identifier [Axis]: STATinMED, LLC., Senior Secured First Lien Debt, 3/31/2023 Maturity 3 | ||||||
Principal Amount | [17],[18] | 156 | ||||
Cost | [17],[18] | 0 | ||||
Fair Value | [17],[18] | 0 | ||||
Investment, Identifier [Axis]: STATinMED, LLC., Senior Secured First Lien Debt, 7/1/2027 Maturity 1 | ||||||
Principal Amount | [17],[21],[28] | 9,222 | ||||
Cost | [17],[21],[28] | 9,222 | ||||
Fair Value | [17],[21],[28] | $ 9,107 | ||||
Investment, Identifier [Axis]: STATinMED, LLC., Senior Secured First Lien Debt, 7/1/2027 Maturity, 1 | ||||||
Principal Amount | [3],[15],[19],[29] | 9,905 | ||||
Cost | [15],[19],[29] | 9,905 | ||||
Fair Value | [15],[19],[29] | $ 9,657 | ||||
Investment, Identifier [Axis]: STATinMed Parent, LLC, Class A Preferred Units, Equity | ||||||
Principal Units (in shares) | [3],[15],[16] | 6,182 | ||||
Cost | [15],[16] | $ 6,182 | ||||
Fair Value | [15],[16] | 2,526 | ||||
Investment, Identifier [Axis]: STATinMed Parent, LLC, Class A Preferred Units, Equity | ||||||
Principal Units (in shares) | [17],[18] | 6,182 | ||||
Cost | [17],[18] | $ 6,182 | ||||
Fair Value | [17],[18] | 4,530 | ||||
Investment, Identifier [Axis]: STATinMed Parent, LLC, Class A Preferred Units, Non-Controlled, Affiliated Investments | ||||||
Fair Value | $ 2,526 | $ 4,530 | 0 | |||
Investment, Identifier [Axis]: STATinMed Parent, LLC, Class B Preferred Units, Equity | ||||||
Principal Units (in shares) | [3],[15],[16] | 51,221 | ||||
Cost | [15],[16] | $ 3,193 | ||||
Fair Value | [15],[16] | 0 | ||||
Investment, Identifier [Axis]: STATinMed Parent, LLC, Class B Preferred Units, Equity | ||||||
Principal Units (in shares) | [17],[18] | 51,221 | ||||
Cost | [17],[18] | $ 3,193 | ||||
Fair Value | [17],[18] | 134 | ||||
Investment, Identifier [Axis]: STATinMed Parent, LLC, Class B Preferred Units, Non-Controlled, Affiliated Investments | ||||||
Fair Value | 0 | 134 | 0 | |||
Investment, Identifier [Axis]: Securus Technologies Holdings, Inc., Senior Secured First Lien Debt, 11/1/2024 Maturity | ||||||
Principal Amount | 3,847 | [3],[8],[20] | 3,868 | [9],[10] | ||
Cost | 3,484 | [8],[20] | 3,383 | [9],[10] | ||
Fair Value | 3,852 | [8],[20] | 3,848 | [9],[10] | ||
Investment, Identifier [Axis]: Securus Technologies Holdings, Inc., Senior Secured Second Lien Debt, 11/1/2025 Maturity | ||||||
Principal Amount | 2,942 | [3],[20] | 2,942 | [10] | ||
Cost | 2,930 | [20] | 2,926 | [10] | ||
Fair Value | 2,895 | [20] | 2,884 | [10] | ||
Investment, Identifier [Axis]: Sequoia Healthcare Management, LLC., Senior Secured First Lien Debt, 11/4/2023 Maturity | ||||||
Principal Amount | 8,525 | [3],[4],[8] | 8,525 | [6],[9],[26] | ||
Cost | 8,456 | [4],[8] | 8,457 | [6],[9],[26] | ||
Fair Value | 8,024 | [4],[8] | 10,209 | [6],[9],[26] | ||
Investment, Identifier [Axis]: Service Compression, LLC, Warrants(o), Energy: Oil & Gas, N/A | ||||||
Cost | [18] | 509 | ||||
Fair Value | [18] | 441 | ||||
Investment, Identifier [Axis]: Service Compression, LLC, Warrants., Equity | ||||||
Cost | [16] | 509 | ||||
Fair Value | [16] | 970 | ||||
Investment, Identifier [Axis]: Service Compression, LLC., Senior Secured First Lien Debt, 5/5/2025 Maturity | ||||||
Principal Amount | [3] | 907 | ||||
Cost | 0 | |||||
Fair Value | 7 | |||||
Investment, Identifier [Axis]: Service Compression, LLC., Senior Secured First Lien Debt, 5/6/2025 Maturity, 3 | ||||||
Principal Amount | 4,186 | |||||
Cost | 0 | |||||
Fair Value | (31) | |||||
Investment, Identifier [Axis]: Service Compression, LLC., Senior Secured First Lien Debt, 5/6/2027 Maturity, 1 | ||||||
Principal Amount | 23,208 | [3],[5],[8],[19] | 22,975 | [7],[9],[21] | ||
Cost | 22,894 | [5],[8],[19] | 22,622 | [7],[9],[21] | ||
Fair Value | 23,382 | [5],[8],[19] | 22,803 | [7],[9],[21] | ||
Investment, Identifier [Axis]: Service Compression, LLC., Senior Secured First Lien Debt, 5/6/2027 Maturity, 2 | ||||||
Principal Amount | 6,477 | [3],[5],[8],[19] | 3,151 | [7] | ||
Cost | 6,381 | [5],[8],[19] | 3,044 | [7] | ||
Fair Value | 6,526 | [5],[8],[19] | 3,127 | [7] | ||
Investment, Identifier [Axis]: Sleep Opco, LLC., Senior Secured First Lien Debt, 10/12/2026 Maturity, 1 | ||||||
Principal Amount | 13,704 | [3],[5],[8] | 13,779 | [9],[10] | ||
Cost | 13,518 | [5],[8] | 13,568 | [9],[10] | ||
Fair Value | 13,602 | [5],[8] | 13,641 | [9],[10] | ||
Investment, Identifier [Axis]: Sleep Opco, LLC., Senior Secured First Lien Debt, 10/12/2026 Maturity, 2 | ||||||
Principal Amount | 550 | [3],[5] | 1,750 | |||
Cost | 527 | [5] | (27) | |||
Fair Value | 546 | [5] | $ (18) | |||
Investment, Identifier [Axis]: Sleep Opco, LLC., Senior Secured First Lien Debt, 10/12/2026 Maturity, 3 | ||||||
Principal Amount | [3],[5],[8] | 399 | ||||
Cost | [5],[8] | 394 | ||||
Fair Value | [5],[8] | 402 | ||||
Investment, Identifier [Axis]: Sleep Opco, LLC., Senior Secured First Lien Debt, 10/12/2026 Maturity, 4 | ||||||
Principal Amount | [3] | 1,200 | ||||
Cost | 0 | |||||
Fair Value | $ (9) | |||||
Investment, Identifier [Axis]: Snap Fitness Holdings, Inc., Class A Common Stock., Equity | ||||||
Principal Units (in shares) | 9,858 | [3],[15],[16] | 9,858 | [17],[18] | ||
Cost | $ 3,078 | [15],[16] | $ 3,078 | [17],[18] | ||
Fair Value | 4,936 | [15],[16] | 5,123 | [17],[18] | ||
Investment, Identifier [Axis]: Snap Fitness Holdings, Inc., Class A Stock, Non-Controlled, Affiliated Investments | ||||||
Fair Value | 4,936 | 5,123 | 3,131 | |||
Investment, Identifier [Axis]: Snap Fitness Holdings, Inc., Warrants, Non-Controlled, Affiliated Investments | ||||||
Fair Value | $ 2,001 | $ 2,077 | $ 1,269 | |||
Investment, Identifier [Axis]: Snap Fitness Holdings, Inc., Warrants., Equity | ||||||
Principal Units (in shares) | 3,996 | [3],[15],[16] | 3,996 | [17],[18] | ||
Cost | $ 1,247 | [15],[16] | $ 1,247 | [17],[18] | ||
Fair Value | 2,001 | [15],[16] | 2,077 | [17],[18] | ||
Investment, Identifier [Axis]: Spinal USA, Inc. / Precision Medical Inc., Senior Secured First Lien Debt, 11/29/2023 Maturity, 1 | ||||||
Principal Amount | [3],[19],[20] | 14,349 | ||||
Cost | [19],[20] | 14,332 | ||||
Fair Value | [19],[20] | 7,748 | ||||
Investment, Identifier [Axis]: Spinal USA, Inc. / Precision Medical Inc., Senior Secured First Lien Debt, 11/29/2023 Maturity, 2 | ||||||
Principal Amount | [3],[19],[20] | 1,275 | ||||
Cost | [19],[20] | 1,275 | ||||
Fair Value | [19],[20] | 650 | ||||
Investment, Identifier [Axis]: Spinal USA, Inc. / Precision Medical Inc., Senior Secured First Lien Debt, 11/29/2023 Maturity, 3 | ||||||
Principal Amount | [3],[19],[20] | 820 | ||||
Cost | [19],[20] | 762 | ||||
Fair Value | [19],[20] | 418 | ||||
Investment, Identifier [Axis]: Spinal USA, Inc. / Precision Medical Inc., Senior Secured First Lien Debt, 11/29/2023 Maturity, 4 | ||||||
Principal Amount | [3],[19],[20] | 778 | ||||
Cost | [19],[20] | 778 | ||||
Fair Value | [19],[20] | 397 | ||||
Investment, Identifier [Axis]: Spinal USA, Inc. / Precision Medical Inc., Senior Secured First Lien Debt, 11/29/2023 Maturity, 5 | ||||||
Principal Amount | [3],[19],[20] | 649 | ||||
Cost | [19],[20] | 604 | ||||
Fair Value | [19],[20] | 351 | ||||
Investment, Identifier [Axis]: Spinal USA, Inc. / Precision Medical Inc., Senior Secured First Lien Debt, 11/29/2023 Maturity, 6 | ||||||
Principal Amount | [3],[19],[20] | 593 | ||||
Cost | [19],[20] | 593 | ||||
Fair Value | [19],[20] | 599 | ||||
Investment, Identifier [Axis]: Spinal USA, Inc. / Precision Medical Inc., Senior Secured First Lien Debt, 5/29/2023 Maturity, 1 | ||||||
Principal Amount | [9],[10],[21] | 13,401 | ||||
Cost | [9],[10],[21] | 13,385 | ||||
Fair Value | [9],[10],[21] | 9,649 | ||||
Investment, Identifier [Axis]: Spinal USA, Inc. / Precision Medical Inc., Senior Secured First Lien Debt, 5/29/2023 Maturity, 2 | ||||||
Principal Amount | [9],[10],[21] | 1,191 | ||||
Cost | [9],[10],[21] | 1,191 | ||||
Fair Value | [9],[10],[21] | 816 | ||||
Investment, Identifier [Axis]: Spinal USA, Inc. / Precision Medical Inc., Senior Secured First Lien Debt, 5/29/2023 Maturity, 3 | ||||||
Principal Amount | [9],[10],[21] | 766 | ||||
Cost | [9],[10],[21] | 677 | ||||
Fair Value | [9],[10],[21] | 521 | ||||
Investment, Identifier [Axis]: Spinal USA, Inc. / Precision Medical Inc., Senior Secured First Lien Debt, 5/29/2023 Maturity, 4 | ||||||
Principal Amount | [9],[10],[21] | 727 | ||||
Cost | [9],[10],[21] | 727 | ||||
Fair Value | [9],[10],[21] | 498 | ||||
Investment, Identifier [Axis]: Spinal USA, Inc. / Precision Medical Inc., Senior Secured First Lien Debt, 5/29/2023 Maturity, 5 | ||||||
Principal Amount | [9],[10],[21] | 607 | ||||
Cost | [9],[10],[21] | 536 | ||||
Fair Value | [9],[10],[21] | 446 | ||||
Investment, Identifier [Axis]: TMK Hawk Parent, Corp., Senior Secured Second Lien Debt, 8/28/2025 Maturity | ||||||
Principal Amount | [10] | 13,393 | ||||
Cost | [10] | 13,246 | ||||
Fair Value | [10] | 11,334 | ||||
Investment, Identifier [Axis]: TMK Hawk Parent, Corp., Senior Secured Second Lien Debt, 9/26/2025 Maturity | ||||||
Principal Amount | [3],[20] | 13,393 | ||||
Cost | [20] | 13,282 | ||||
Fair Value | [20] | 11,903 | ||||
Investment, Identifier [Axis]: Thrill Holdings LLC., Senior Secured First Lien Debt, 5/27/2024 Maturity, 3 | ||||||
Principal Amount | [3] | 3,261 | ||||
Cost | 0 | |||||
Fair Value | 0 | |||||
Investment, Identifier [Axis]: Thrill Holdings LLC., Senior Secured First Lien Debt, 5/27/2027 Maturity, 1 | ||||||
Principal Amount | 20,136 | [3],[5],[8] | 20,394 | [7],[9] | ||
Cost | 20,136 | [5],[8] | 20,394 | [7],[9] | ||
Fair Value | 19,907 | [5],[8] | 20,292 | [7],[9] | ||
Investment, Identifier [Axis]: Thrill Holdings LLC., Senior Secured First Lien Debt, 5/27/2027 Maturity, 2 | ||||||
Principal Amount | 1,739 | [3] | 3,261 | |||
Cost | 0 | 0 | ||||
Fair Value | 0 | (16) | ||||
Investment, Identifier [Axis]: Thrill Holdings LLC., Senior Secured First Lien Debt, 5/27/2027 Maturity, 3 | ||||||
Principal Amount | [7] | 1,739 | ||||
Cost | [7] | 1,739 | ||||
Fair Value | [7] | 1,730 | ||||
Investment, Identifier [Axis]: Trademark Global, LLC., Senior Secured First Lien Debt, 7/30/2024 Maturity | ||||||
Principal Amount | [3],[8],[19],[29] | 15,508 | ||||
Cost | [8],[19],[29] | 15,484 | ||||
Fair Value | [8],[19],[29] | 15,042 | ||||
Investment, Identifier [Axis]: Trademark Global, LLC., Senior Secured First Lien Debt, 7/30/2024 Maturity, 1 | ||||||
Principal Amount | [21],[23] | 15,355 | ||||
Cost | [21],[23] | 15,310 | ||||
Fair Value | [21],[23] | 14,952 | ||||
Investment, Identifier [Axis]: Trammell, P.C., Senior Secured First Lien Debt, 4/28/2026 Maturity | ||||||
Principal Amount | 13,814 | [3],[19],[29] | 14,201 | [21],[28] | ||
Cost | 13,814 | [19],[29] | 14,201 | [21],[28] | ||
Fair Value | $ 13,814 | [19],[29] | 14,147 | [21],[28] | ||
Investment, Identifier [Axis]: URS Topco, LLC, Equity | ||||||
Principal Units (in shares) | [3],[16] | 430,540 | ||||
Cost | [16] | $ 9,669 | ||||
Fair Value | [16] | 12,298 | ||||
Investment, Identifier [Axis]: Usalco, LLC., Senior Secured First Lien Debt, 10/19/2027 Maturity | ||||||
Principal Amount | 24,625 | [3],[8],[29] | 24,750 | [9],[10] | ||
Cost | 24,441 | [8],[29] | 24,539 | [9],[10] | ||
Fair Value | 24,533 | [8],[29] | 24,441 | [9],[10] | ||
Investment, Identifier [Axis]: Vesta Holdings, LLC., Senior Secured First Lien Debt, 2/25/2024 Maturity 1 | ||||||
Principal Amount | [9],[21] | 21,071 | ||||
Cost | [9],[21] | 21,071 | ||||
Fair Value | [9],[21] | 19,938 | ||||
Investment, Identifier [Axis]: Vesta Holdings, LLC., Senior Secured First Lien Debt, 2/25/2024 Maturity 3 | ||||||
Principal Amount | [21] | 838 | ||||
Cost | [21] | 838 | ||||
Fair Value | [21] | 793 | ||||
Investment, Identifier [Axis]: Vesta Holdings, LLC., Senior Secured First Lien Debt, 3/12/2023 Maturity 2 | ||||||
Principal Amount | [7],[9] | 10,392 | ||||
Cost | [7],[9] | 10,159 | ||||
Fair Value | [7],[9] | 10,392 | ||||
Investment, Identifier [Axis]: Volta Charging, LLC., Senior Secured First Lien Debt, 6/19/2024 Maturity, 1 | ||||||
Principal Amount | [9] | 5,621 | ||||
Cost | [9] | 5,617 | ||||
Fair Value | [9] | 6,506 | ||||
Investment, Identifier [Axis]: Volta Charging, LLC., Senior Secured First Lien Debt, 6/19/2024 Maturity, 2 | ||||||
Principal Amount | [9] | 1,500 | ||||
Cost | [9] | 1,499 | ||||
Fair Value | [9] | 1,736 | ||||
Investment, Identifier [Axis]: WPLM Acquisition Corp., Unsecured Debt, 11/24/2025 Maturity | ||||||
Principal Amount | 7,623 | [3],[19] | 7,623 | [21] | ||
Cost | 7,575 | [19] | 7,567 | [21] | ||
Fair Value | 7,413 | [19] | 7,327 | [21] | ||
Investment, Identifier [Axis]: Williams Industrial Services Group, Inc., Senior Secured First Lien Debt, 12/16/2025 Maturity | ||||||
Principal Amount | [6],[10],[21] | 7,173 | ||||
Cost | [6],[10],[21] | 7,173 | ||||
Fair Value | [6],[10],[21] | 7,182 | ||||
Investment, Identifier [Axis]: Williams Industrial Services Group, Inc., Senior Secured First Lien Debt, 12/16/2025 Maturity, 1 | ||||||
Principal Amount | [3],[4],[5],[19] | 7,693 | ||||
Cost | [4],[5],[19] | 7,693 | ||||
Fair Value | [4],[5],[19] | 7,540 | ||||
Investment, Identifier [Axis]: Williams Industrial Services Group, Inc., Senior Secured First Lien Debt, 12/16/2025 Maturity, 2 | ||||||
Principal Amount | [3],[5],[19] | 1,429 | ||||
Cost | [5],[19] | 1,429 | ||||
Fair Value | [5],[19] | 1,400 | ||||
Investment, Identifier [Axis]: Wok Holdings Inc., Senior Secured First Lien Debt, 3/1/2026 Maturity | ||||||
Principal Amount | 24,974 | [3],[8],[22] | 25,105 | [9],[10] | ||
Cost | 24,317 | [8],[22] | 24,335 | [9],[10] | ||
Fair Value | 23,938 | [8],[22] | 21,684 | [9],[10] | ||
Investment, Identifier [Axis]: WorkGenius, Inc., Senior Secured First Lien Debt, 6/7/2027 Maturity 1 | ||||||
Principal Amount | [7],[9] | 12,938 | ||||
Cost | [7],[9] | 12,937 | ||||
Fair Value | [7],[9] | 12,938 | ||||
Investment, Identifier [Axis]: WorkGenius, Inc., Senior Secured First Lien Debt, 6/7/2027 Maturity 2 | ||||||
Principal Amount | 750 | |||||
Cost | (15) | |||||
Fair Value | $ 0 | |||||
Investment, Identifier [Axis]: WorkGenius, Inc., Senior Secured First Lien Debt, 6/7/2027 Maturity, 1 | ||||||
Principal Amount | [3],[5],[8] | 10,385 | ||||
Cost | [5],[8] | 10,385 | ||||
Fair Value | [5],[8] | 10,385 | ||||
Investment, Identifier [Axis]: WorkGenius, Inc., Senior Secured First Lien Debt, 6/7/2027 Maturity, 2 | ||||||
Principal Amount | [3],[5] | 750 | ||||
Cost | [5] | 737 | ||||
Fair Value | [5] | $ 750 | ||||
Investment, Identifier [Axis]: WorkGenius, LLC, Class A Units., Equity | ||||||
Principal Units (in shares) | 500 | [3],[16] | 500 | [18] | ||
Cost | $ 500 | [16] | $ 500 | [18] | ||
Fair Value | 415 | [16] | 515 | [18] | ||
Investment, Identifier [Axis]: Xenon Arc, Inc., Senior Secured First Lien Debt, 12/17/2027 Maturity | ||||||
Principal Amount | 3,895 | [3],[8],[20] | 6,915 | [9],[10] | ||
Cost | 3,861 | [8],[20] | 6,846 | [9],[10] | ||
Fair Value | 3,895 | [8],[20] | 6,846 | [9],[10] | ||
Investment, Identifier [Axis]: Yak Access, LLC, Senior Secured First Lien Debt, 07/11/2025 Maturity | ||||||
Principal Amount | [9] | 4,925 | ||||
Cost | [9] | 3,299 | ||||
Fair Value | [9] | $ 3,165 | ||||
Investment, Identifier [Axis]: Yak Access, LLC., Senior Secured First Lien Debt, 3/10/2028 Maturity | ||||||
Principal Amount | [3],[5],[8] | 2,972 | ||||
Cost | [5],[8] | 2,972 | ||||
Fair Value | [5],[8] | $ 2,972 | ||||
Investment, Identifier [Axis]: Yak Holding II, LLC, Series A Common Units, Equity | ||||||
Principal Units (in shares) | [3],[16] | 127,419 | ||||
Cost | [16] | $ 0 | ||||
Fair Value | [16] | $ 573 | ||||
Investment, Identifier [Axis]: Yak Holding II, LLC, Series A Preferred Units, Equity | ||||||
Principal Units (in shares) | [3],[16] | 4,000,000 | ||||
Cost | [16] | $ 2,000 | ||||
Fair Value | [16] | $ 4,000 | ||||
Investment, Identifier [Axis]: Yak Holding II, LLC, Series B-1 Preferred Units, Equity | ||||||
Principal Units (in shares) | [3],[16] | 1,966,018 | ||||
Cost | [16] | $ 1,966 | ||||
Fair Value | [16] | $ 1,966 | ||||
[1]Represents amortized cost for debt securities and cost for equity investments.[2]Fair value determined in good faith by the Company’s board of directors (see Note 9), including via delegation to CIM as the Company’s valuation designee (see Note 2), using significant unobservable inputs unless otherwise noted.[3]Denominated in U.S. dollars unless otherwise noted.[4]Investment or a portion thereof held within the Company’s wholly-owned consolidated subsidiary, Murray Hill Funding II, LLC, or Murray Hill Funding II, and was pledged as collateral supporting the amounts outstanding under the repurchase agreement with UBS AG, or UBS, as of June 30, 2023 (see Note 8).[5]The interest rate on these loans is subject to 3 month SOFR, which as of June 30, 2023 was 5.27%.[6]Investment or a portion thereof held within the Company’s wholly-owned consolidated subsidiary, Murray Hill Funding II, and was pledged as collateral supporting the amounts outstanding under the repurchase agreement with UBS as of December 31, 2022 (see Note 8).[7]The interest rate on these loans is subject to 3 month SOFR, which as of December 31, 2022 was 4.59%.[8]Investment or a portion thereof held within the Company’s wholly-owned consolidated subsidiary, 34th Street Funding, LLC, or 34th Street, and was pledged as collateral supporting the amounts outstanding under the credit facility with JPMorgan Chase Bank, National Association, or JPM, as of June 30, 2023 (see Note 8).[9]Investment or a portion thereof held within the Company’s wholly-owned consolidated subsidiary, 34th Street, and was pledged as collateral supporting the amounts outstanding under the credit facility with JPM as of December 31, 2022 (see Note 8).[10]The interest rate on these loans is subject to 3 month LIBOR, which as of December 31, 2022 was 4.77%.[11]The CLO subordinated notes are considered equity positions in the CLO vehicles and are not rated. Equity investments are entitled to recurring distributions, which are generally equal to the remaining cash flow of the payments made by the underlying vehicle's securities less contractual payments to debt holders and expenses. The estimated yield indicated is based upon a current projection of the amount and timing of these recurring distributions and the estimated amount of repayment of principal upon termination. Such projections are periodically reviewed and adjusted, and the estimated yield may not ultimately be realized.[12]The investment or a portion thereof is not a qualifying asset under the 1940 Act. A business development company may not acquire any asset other than qualifying assets, unless, at the time the acquisition is made, qualifying assets represent at least 70% of the company’s total assets as defined under Section 55 of the 1940 Act. As of June 30, 2023, 94.3% of the Company’s total assets represented qualifying assets.[13]The CLO subordinated notes are considered equity positions in the CLO vehicles and are not rated. Equity investments are entitled to recurring distributions, which are generally equal to the remaining cash flow of the payments made by the underlying vehicle's securities less contractual payments to debt holders and expenses. The estimated yield indicated is based upon a current projection of the amount and timing of these recurring distributions and the estimated amount of repayment of principal upon termination. Such projections are periodically reviewed and adjusted, and the estimated yield may not ultimately be realize[14]The investment or a portion thereof is not a qualifying asset under the 1940 Act. A business development company may not acquire any asset other than qualifying assets, unless, at the time the acquisition is made, qualifying assets represent at least 70% of the company’s total assets as defined under Section 55 of the 1940 Act. As of December 31, 2022, 93.4% of the Company’s total assets represented qualifying assets.[15]Investment determined to be an affiliated investment as defined in the 1940 Act as the Company owns between 5% and 25% of the portfolio company’s outstanding voting securities but does not control the portfolio company. Fair value as of December 31, 2022 and June 30, 2023, along with transactions during the six months ended June 30, 2023 in these affiliated investments, were as follows: Six Months Ended June 30, 2023 Six Months Ended June 30, 2023 Non-Controlled, Affiliated Investments Fair Value at Gross Gross Net Unrealized Gain (Loss) Fair Value at June 30, 2023 Net Realized Gain (Loss) Interest Dividend Income Fee Income Afore Insurance Services, LLC First Lien Term Loan $ — $ 4,583 $ — $ (11) $ 4,572 $ — $ 138 $ — $ — ARC Financial, LLC Membership Interests — — — — — — — 25 — Carestream Health, Inc. First Lien Term Loan 7,539 2,895 (115) 1,104 11,423 — 534 — — Carestream Health Holdings Inc. Common Shares 21,544 — — (828) 20,716 — — — — DESG Holdings, Inc. First Lien Term Loan 246 — (82) (34) 130 — — — — GSC Technologies Inc. Incremental Term Loan 154 6 (160) — — — 11 — — First Lien Term Loan A 2,064 14 — 49 2,127 — 136 — — First Lien Term Loan B 388 48 — 258 694 — 53 — — Common Shares — — — — — — — — — Instant Web Holdings, LLC Class A Common Units — — — — — — — — — Instant Web, LLC Revolving Loan 321 2,093 — (75) 2,339 — 78 — — Priming Term Loan 469 10 — — 479 — 27 — — First Lien Term Loan 28,167 2,447 — (5,265) 25,349 — 2,436 — — First Lien Delayed Draw Term Loan — — — (89) (89) — 8 — — IPP Buyer Holdings, LLC Class A Units — 10,740 — 993 11,733 — — — — Isagenix International, LLC First Lien Term Loan — 8,237 — — 8,237 — 189 — 477 Isagenix Worldwide, Inc. Common Shares — 8,987 — — 8,987 — — — — Lift Brands, Inc. Term Loan A 23,287 — (118) — 23,169 — 1,440 — 29 Term Loan B 5,154 234 — 42 5,430 — 280 — — Term Loan C 4,732 1,335 — (51) 6,016 — 348 — 1,891 Longview Intermediate Holdings C, LLC Membership Units 23,995 — — (2,315) 21,680 — — 3,881 — Longview Power, LLC First Lien Term Loan 2,348 — (1,389) (959) — — 1,306 — — Mount Logan Capital Inc. Common Stock 2,341 — — (75) 2,266 — — 27 — Snap Fitness Holdings, Inc. Class A Stock 5,123 — — (187) 4,936 — — — — Warrants 2,077 — — (76) 2,001 — — — — SRA Holdings, LLC Membership Units — 23,611 — 95 23,706 — — — — STATinMED, LLC First Lien Term Loan 9,107 683 — (133) 9,657 — 696 — — Delayed Draw First Lien Term Loan 156 6 (162) — — — 10 — — STATinMed Parent, LLC Class A Preferred Units 4,530 — — (2,004) 2,526 — — — — Class B Preferred Units 134 — — (134) — — — — — Totals $ 143,876 $ 65,929 $ (2,026) $ (9,695) $ 198,084 $ — $ 7,690 $ 3,933 $ 2,397 See accompanying notes to consolidated financial statements. CĪON Investment Corporation Consolidated Schedule of Investments (unaudited) June 30, 2023 (in thousands) (1) Gross additions include increases in the cost basis of investments resulting from new portfolio investments, PIK interest, the amortization of unearned income, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company into this category from a different category. (2) Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company out of this category into a different category. (3) Includes PIK interest income. Year Ended December 31, 2022 Year Ended December 31, 2022 Non-Controlled, Affiliated Investments Fair Value at Gross Gross Net Unrealized Gain (Loss) Fair Value at December 31, 2022 Net Realized Gain (Loss) Interest Dividend Income ARC Financial, LLC Membership Interests $ — $ — $ — $ — $ — $ — $ — $ 25 Berlitz Holdings, Inc. First Lien Term Loan — 13,956 (13,956) — — — 393 — Carestream Health, Inc. First Lien Term Loan — 7,596 — (57) 7,539 — 284 — Carestream Health Holdings Inc. Common Shares — 21,758 — (214) 21,544 — — — Charming Charlie, LLC Vendor Payment Financing Facility 350 — (657) 307 — (657) 26 — DESG Holdings, Inc. First Lien Term Loan 1,787 — (306) (1,235) 246 — 5 — Second Lien Term Loan — — (10,017) 10,017 — (10,017) — — GSC Technologies Inc. Incremental Term Loan 170 8 (24) — 154 — 22 — First Lien Term Loan A 2,001 26 — 37 2,064 — 193 — First Lien Term Loan B 485 67 — (164) 388 — 72 — Common Shares — — — — — — — — Instant Web Holdings, LLC Class A Common Units — — — — — — — — Instant Web, LLC Revolving Loan — 970 (649) — 321 — 26 — Priming Term Loan — 458 — 11 469 — 36 — First Lien Term Loan — 39,802 — (11,635) 28,167 — 3,314 — First Lien Delayed Draw Term Loan — — — — — — 14 — Language Education Holdings GP LLC Common Units — — — — — — — — Language Education Holdings LP Ordinary Common Units — 1,125 (1,125) — — — — — Lift Brands, Inc. Term Loan A 23,406 — (236) 117 23,287 — 2,252 — Term Loan B 5,156 235 — (237) 5,154 — 545 — Term Loan C 4,700 133 — (101) 4,732 — 1,412 — Longview Intermediate Holdings C, LLC Membership Units 15,127 — — 8,868 23,995 — — — Longview Power, LLC First Lien Term Loan 4,504 156 (1,391) (921) 2,348 — 1,952 — Mount Logan Capital Inc. Common Stock 3,404 — — (1,063) 2,341 — — 54 SIMR, LLC First Lien Term Loan 16,000 1,447 (21,261) 3,814 — (2,854) 804 — SIMR Parent, LLC Class B Membership Units — — (8,002) 8,002 — (8,002) — — Class W Membership Units — — — — — — — — See accompanying notes to consolidated financial statements CĪON Investment Corporation Consolidated Schedule of Investments December 31, 2022 (in thousands) Year Ended December 31, 2022 Year Ended December 31, 2022 Non-Controlled, Affiliated Investments Fair Value at Gross Gross Net Unrealized Gain (Loss) Fair Value at December 31, 2022 Net Realized Gain (Loss) Interest Dividend Income Snap Fitness Holdings, Inc. Class A Stock 3,131 — — 1,992 5,123 — — — Warrants 1,269 — — 808 2,077 — — — STATinMED, LLC First Lien Term Loan — 9,472 (250) (115) 9,107 — 719 — Delayed Draw First Lien Term Loan — 153 — 3 156 — — — STATinMed Parent, LLC Class A Preferred Units — 6,182 — (1,652) 4,530 — — — Class B Preferred Units — 3,193 — (3,059) 134 — — — Totals $ 81,490 $ 106,737 $ (57,874) $ 13,523 $ 143,876 $ (21,530) $ 12,069 $ 79 (1) Gross additions include increases in the cost basis of investments resulting from new portfolio investments, PIK interest, the amortization of unearned income, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company into this category from a different category. (2) Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company out of this category into a different category. (3) Includes PIK interest income. Interest Rate Portfolio Company Investment Type Cash PIK All-in-Rate Adapt Laser Acquisition, Inc. Senior Secured First Lien Debt 15.24% 2.00% 17.24% American Clinical Solutions LLC Senior Secured First Lien Debt 7.00% 5.19% 12.19% American Consolidated Natural Resources, Inc. Senior Secured First Lien Debt 18.27% 3.00% 21.27% Ancile Solutions, Inc. Senior Secured First Lien Debt 12.56% 3.00% 15.56% Anthem Sports & Entertainment Inc. Senior Secured First Lien Debt 11.91% 2.75% 14.66% CION/EagleTree Partners, LLC Senior Secured Note — 14.00% 14.00% David's Bridal, LLC Senior Secured First Lien Debt 14.25% 5.00% 19.25% David's Bridal, LLC Senior Secured First Lien Debt 10.54% 5.00% 15.54% David's Bridal, LLC Senior Secured First Lien Debt 1.00% 11.54% 12.54% Deluxe Entertainment Services, Inc. Senior Secured First Lien Debt 10.54% 1.50% 12.04% Fusion Connect Inc. Senior Secured First Lien Debt 12.86% 1.00% 13.86% GSC Technologies Inc. Senior Secured First Lien Debt — 10.23% 10.23% Hilliard, Martinez & Gonzales, LLP Senior Secured First Lien Debt — 17.27% 17.27% Homer City Generation, L.P. Senior Secured First Lien Debt — 15.00% 15.00% Instant Web, LLC Senior Secured First Lien Debt — 12.22% 12.22% Instant Web, LLC Senior Secured First Lien Debt — 12.00% 12.00% Instant Web, LLC Senior Secured Revolving Loan — 11.77% 11.77% K&N Parent, Inc. Senior Secured First Lien Debt — 13.40% 13.40% Klein Hersh, LLC Senior Secured First Lien Debt 4.90% 12.00% 16.90% Lift Brands, Inc. Senior Secured First Lien Debt — 9.50% 9.50% Lucky Bucks Holdings LLC Unsecured Note — 12.50% 12.50% Robert C. Hilliard, L.L.P. Senior Secured First Lien Debt — 17.27% 17.27% Rogers Mechanical Contractors, LLC Senior Secured First Lien Debt 12.09% 1.00% 13.09% Service Compression, LLC Senior Secured First Lien Debt 13.20% 2.00% 15.20% Spinal USA, Inc. / Precision Medical Inc. Senior Secured First Lien Debt — 14.68% 14.68% STATinMED, LLC Senior Secured First Lien Debt — 14.79% 14.79% Trademark Global, LLC Senior Secured First Lien Debt 8.10% 4.50% 12.60% Trammell, P.C. Senior Secured First Lien Debt — 20.72% 20.72% Williams Industrial Services Group, Inc. Senior Secured First Lien Debt 10.00% 6.18% 16.18% WPLM Acquisition Corp. Unsecured Note — 15.00% 15.00% Interest Rate Portfolio Company Investment Type Cash PIK All-in-Rate Adapt Laser Acquisition, Inc. Senior Secured First Lien Debt 14.76% 2.00% 16.76% American Clinical Solutions LLC Senior Secured First Lien Debt 7.00% 4.27% 11.27% American Consolidated Natural Resources, Inc. Senior Secured First Lien Debt 17.33% 3.00% 20.33% Ancile Solutions, Inc. Senior Secured First Lien Debt 11.75% 3.00% 14.75% Anthem Sports & Entertainment Inc. Senior Secured First Lien Debt 11.48% 2.75% 14.23% Cadence Aerospace, LLC Senior Secured First Lien Debt 10.92% 2.00% 12.92% CION/EagleTree Partners, LLC Senior Secured Note — 14.00% 14.00% David's Bridal, LLC Senior Secured First Lien Debt 9.28% 5.00% 14.28% David's Bridal, LLC Senior Secured First Lien Debt 1.00% 9.42% 10.42% Deluxe Entertainment Services, Inc. Senior Secured First Lien Debt 9.73% 1.50% 11.23% Fusion Connect Inc. Senior Secured First Lien Debt 11.69% 1.00% 12.69% GSC Technologies Inc. Senior Secured First Lien Debt — 9.12% 9.12% GSC Technologies Inc. Senior Secured First Lien Debt 9.37% 5.00% 14.37% Hilliard, Martinez & Gonzales, LLP Senior Secured First Lien Debt — 16.24% 16.24% Homer City Generation, L.P. Senior Secured First Lien Debt — 15.00% 15.00% Independent Pet Partners Intermediate Holdings, LLC Senior Secured First Lien Debt — 6.00% 6.00% Independent Pet Partners Intermediate Holdings, LLC Senior Secured First Lien Debt — 13.00% 13.00% Independent Pet Partners Intermediate Holdings, LLC Senior Secured First Lien Debt — 11.26% 11.26% Independent Pet Partners Intermediate Holdings, LLC Senior Secured First Lien Debt — 14.42% 14.42% Instant Web, LLC Senior Secured First Lien Debt — 11.38% 11.38% Lucky Bucks Holdings LLC Unsecured Note — 12.50% 12.50% Robert C. Hilliard, L.L.P. Senior Secured First Lien Debt — 16.24% 16.24% Rogers Mechanical Contractors, LLC Senior Secured First Lien Debt 11.70% 1.00% 12.70% Service Compression, LLC Senior Secured First Lien Debt 12.83% 2.00% 14.83% Spinal USA, Inc. / Precision Medical Inc. Senior Secured First Lien Debt — 13.24% 13.24% STATinMED, LLC Senior Secured First Lien Debt — 13.80% 13.80% STATinMED, LLC Senior Secured First Lien Debt — 13.94% 13.94% Trademark Global, LLC Senior Secured First Lien Debt 7.07% 4.50% 11.57% Trammell, P.C. Senior Secured First Lien Debt — 19.94% 19.94% Vesta Holdings, LLC Senior Secured First Lien Debt — 21.50% 21.50% Williams Industrial Services Group, Inc. Senior Secured First Lien Debt 10.00% 2.75% 12.75% WPLM Acquisition Corp. Unsecured Note — 15.00% 15.00% Six Months Ended June 30, 2023 Six Months Ended June 30, 2023 Controlled Investments Fair Value at Gross Gross Net Fair Value at June 30, 2023 Net Realized Interest Dividend Income CION/EagleTree Partners, LLC Senior Secured Note $ 60,348 $ — $ (5,521) $ — $ 54,827 $ — $ 3,891 $ — Participating Preferred Shares 30,766 — — (5,587) 25,179 — — 4,250 Common Shares — — — — — — — — Totals $ 91,114 $ — $ (5,521) $ (5,587) $ 80,006 $ — $ 3,891 $ 4,250 (1) Gross additions include increases in the cost basis of investments resulting from new portfolio investments, PIK interest, the amortization of unearned income, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company into this category from a different category. (2) Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company out of this category into a different category. (3) Includes PIK interest income . Year Ended December 31, 2022 Year Ended December 31, 2022 Controlled Investments Fair Value at Gross Gross Net Fair Value at Net Realized Interest Dividend Income CION/EagleTree Partners, LLC Senior Secured Note $ 61,629 $ 2,718 $ (3,999) $ — $ 60,348 $ — $ 8,531 $ — Participating Preferred Shares 29,796 — — 970 30,766 — — 1,275 Common Shares — — — — — — — — Totals $ 91,425 $ 2,718 $ (3,999) $ 970 $ 91,114 $ — $ 8,531 $ 1,275 (1) Gross additions include increases in the cost basis of investments resulting from new portfolio investments, PIK interest, the amortization of unearned income, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company into this category from a different category. (2) Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company out of this category into a different category. (3) Includes PIK interest income . Interest Rate Portfolio Company Investment Type Cash PIK All-in-Rate Adapt Laser Acquisition, Inc. Senior Secured First Lien Debt 15.24% 2.00% 17.24% American Clinical Solutions LLC Senior Secured First Lien Debt 7.00% 5.19% 12.19% American Consolidated Natural Resources, Inc. Senior Secured First Lien Debt 18.27% 3.00% 21.27% Ancile Solutions, Inc. Senior Secured First Lien Debt 12.56% 3.00% 15.56% Anthem Sports & Entertainment Inc. Senior Secured First Lien Debt 11.91% 2.75% 14.66% CION/EagleTree Partners, LLC Senior Secured Note — 14.00% 14.00% David's Bridal, LLC Senior Secured First Lien Debt 14.25% 5.00% 19.25% David's Bridal, LLC Senior Secured First Lien Debt 10.54% 5.00% 15.54% David's Bridal, LLC Senior Secured First Lien Debt 1.00% 11.54% 12.54% Deluxe Entertainment Services, Inc. Senior Secured First Lien Debt 10.54% 1.50% 12.04% Fusion Connect Inc. Senior Secured First Lien Debt 12.86% 1.00% 13.86% GSC Technologies Inc. Senior Secured First Lien Debt — 10.23% 10.23% Hilliard, Martinez & Gonzales, LLP Senior Secured First Lien Debt — 17.27% 17.27% Homer City Generation, L.P. Senior Secured First Lien Debt — 15.00% 15.00% Instant Web, LLC Senior Secured First Lien Debt — 12.22% 12.22% Instant Web, LLC Senior Secured First Lien Debt — 12.00% 12.00% Instant Web, LLC Senior Secured Revolving Loan — 11.77% 11.77% K&N Parent, Inc. Senior Secured First Lien Debt — 13.40% 13.40% Klein Hersh, LLC Senior Secured First Lien Debt 4.90% 12.00% 16.90% Lift Brands, Inc. Senior Secured First Lien Debt — 9.50% 9.50% Lucky Bucks Holdings LLC Unsecured Note — 12.50% 12.50% Robert C. Hilliard, L.L.P. Senior Secured First Lien Debt — 17.27% 17.27% Rogers Mechanical Contractors, LLC Senior Secured First Lien Debt 12.09% 1.00% 13.09% Service Compression, LLC Senior Secured First Lien Debt 13.20% 2.00% 15.20% Spinal USA, Inc. / Precision Medical Inc. Senior Secured First Lien Debt — 14.68% 14.68% STATinMED, LLC Senior Secured First Lien Debt — 14.79% 14.79% Trademark Global, LLC Senior Secured First Lien Debt 8.10% 4.50% 12.60% Trammell, P.C. Senior Secured First Lien Debt — 20.72% 20.72% Williams Industrial Services Group, Inc. Senior Secured First Lien Debt 10.00% 6.18% 16.18% WPLM Acquisition Corp. Unsecured Note — 15.00% 15.00% |
Consolidated Schedule of Inve_2
Consolidated Schedule of Investments (unaudited) (Parenthetical) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||||
Jun. 30, 2023 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | |||||
Fair value percentage | 100% | [1] | 100% | [1] | 100% | |||
Percentage of net assets, including liabilities in excess of net assets | 213.80% | [1] | 213.80% | [1] | 199.20% | |||
Liabilities in excess of other assets, percent of net assets | (113.80%) | [1] | (113.80%) | [1] | (99.20%) | |||
Percentage total assets representing qualifying assets | 94.30% | 94.30% | 93.40% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ 1,760,030 | |||||||
Fair Value, Ending Balance | $ 1,788,462 | [2] | 1,788,462 | [2] | $ 1,760,030 | |||
Net Realized Gain (Loss) | (18,928) | (23,453) | $ 111 | (32,750) | ||||
Fee income | 1,631 | 4,694 | 4,009 | 9,544 | ||||
Non-controlled, affiliated investments | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 143,876 | 81,490 | 81,490 | |||||
Gross Additions Cost | 65,929 | [3] | 106,737 | [4] | ||||
Gross Reductions Cost | (2,026) | [5] | (57,874) | [6] | ||||
Net Unrealized Gain (Loss) | (9,695) | 13,523 | ||||||
Fair Value, Ending Balance | 198,084 | 198,084 | 143,876 | |||||
Net Realized Gain (Loss) | 0 | (21,530) | ||||||
Interest Income | 7,690 | [7] | 12,069 | [8] | ||||
Dividend Income | 52 | 3,933 | 53 | 79 | ||||
Fee income | 477 | 2,397 | 506 | 525 | ||||
Controlled investments | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 91,114 | 91,425 | 91,425 | |||||
Gross Additions Cost | 0 | [9] | 2,718 | [10] | ||||
Gross Reductions Cost | (5,521) | [11] | (3,999) | [12] | ||||
Net Unrealized Gain (Loss) | (5,587) | 970 | ||||||
Fair Value, Ending Balance | 80,006 | 80,006 | 91,114 | |||||
Net Realized Gain (Loss) | 0 | 0 | ||||||
Interest Income | 3,891 | [13] | 8,531 | [14] | ||||
Dividend Income | $ 0 | $ 4,250 | 0 | $ 1,275 | ||||
Investment, Identifier [Axis]: AHF Parent Holding, Inc., Senior Secured First Lien Debt, 2/1/2028 Maturity | ||||||||
Interest rate basis spread on variable rate | 6.25% | [15],[16],[17] | 6.25% | [15],[16],[17] | 6.25% | [18],[19],[20] | ||
Interest rate, floor | 0.75% | [15],[16],[17] | 0.75% | [15],[16],[17] | 0.75% | [18],[19],[20] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [18],[20] | $ 2,771 | ||||||
Fair Value, Ending Balance | $ 2,714 | [15],[17] | 2,714 | [15],[17] | $ 2,771 | [18],[20] | ||
Principal amount | $ 2,813 | [15],[17],[21] | $ 2,813 | [15],[17],[21] | $ 2,944 | [18],[20] | ||
Investment, Identifier [Axis]: ALM Media, LLC 1, Senior Secured First Lien Debt, 11/25/2024 Maturity | ||||||||
Interest rate basis spread on variable rate | [18],[19],[22],[23] | 6.50% | ||||||
Interest rate, floor | [18],[19],[22],[23] | 1% | ||||||
Investment, Identifier [Axis]: ALM Media, LLC, Senior Secured First Lien Debt, 11/25/2024 Maturity | ||||||||
Interest rate basis spread on variable rate | [15],[16],[17],[24] | 6% | 6% | |||||
Interest rate, floor | [15],[16],[17],[24] | 1% | 1% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [18],[22],[23] | $ 17,000 | ||||||
Fair Value, Ending Balance | $ 16,421 | [15],[17],[24] | 16,421 | [15],[17],[24] | $ 17,000 | [18],[22],[23] | ||
Principal amount | $ 16,421 | [15],[17],[21],[24] | $ 16,421 | [15],[17],[21],[24] | $ 17,000 | [18],[22],[23] | ||
Investment, Identifier [Axis]: APIDOS CLO XVI Subordinated Notes., Collateralized Securities and Structured Products - Equity, 1/19/2025 Maturity | ||||||||
Investment estimated yield | 0% | [16],[25],[26] | 0% | [16],[25],[26] | 0% | [27],[28] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [27],[28] | $ 71 | ||||||
Fair Value, Ending Balance | $ 13 | [25],[26] | 13 | [25],[26] | $ 71 | [27],[28] | ||
Principal amount | 9,000 | [21],[25],[26] | 9,000 | [21],[25],[26] | 9,000 | [27],[28] | ||
Investment, Identifier [Axis]: ARC Financial Partners, LLC, Membership Interests., Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [29],[30] | 0 | ||||||
Fair Value, Ending Balance | 0 | [31],[32] | 0 | [31],[32] | 0 | [29],[30] | ||
Investment, Identifier [Axis]: ARC Financial, LLC, Membership Interests, Non-Controlled, Affiliated Investments | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 0 | 0 | 0 | |||||
Gross Additions Cost | 0 | [3] | 0 | [4] | ||||
Gross Reductions Cost | 0 | [5] | 0 | [6] | ||||
Net Unrealized Gain (Loss) | 0 | 0 | ||||||
Fair Value, Ending Balance | $ 0 | 0 | 0 | |||||
Net Realized Gain (Loss) | 0 | 0 | ||||||
Interest Income | 0 | [7] | 0 | [8] | ||||
Dividend Income | 25 | $ 25 | ||||||
Fee income | $ 0 | |||||||
Investment, Identifier [Axis]: Adapt Laser Acquisition, Inc., Senior Secured First Lien Debt | ||||||||
Interest rate | 17.24% | 17.24% | 16.76% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Cash | 15.24% | 15.24% | 14.76% | |||||
PIK | 2% | 2% | 2% | |||||
All-in-Rate | 17.24% | 17.24% | 16.76% | |||||
Investment, Identifier [Axis]: Adapt Laser Acquisition, Inc., Senior Secured First Lien Debt, 12/31/2023 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | 12% | [16],[33],[34] | 12% | [16],[33],[34] | 12% | [19],[23],[35] | ||
Interest rate, floor | 1% | [16],[33],[34] | 1% | [16],[33],[34] | 1% | [19],[23],[35] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [23],[35] | $ 10,329 | ||||||
Fair Value, Ending Balance | $ 11,143 | [33],[34] | 11,143 | [33],[34] | $ 10,329 | [23],[35] | ||
Principal amount | $ 10,979 | [21],[33],[34] | $ 10,979 | [21],[33],[34] | $ 11,047 | [23],[35] | ||
Investment, Identifier [Axis]: Adapt Laser Acquisition, Inc., Senior Secured First Lien Debt, 12/31/2023 Maturity, 2 | ||||||||
Interest rate basis spread on variable rate | 12% | [16],[33],[34] | 12% | [16],[33],[34] | 12% | [19],[23],[35] | ||
Interest rate, floor | 1% | [16],[33],[34] | 1% | [16],[33],[34] | 1% | [19],[23],[35] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [23],[35] | $ 1,875 | ||||||
Fair Value, Ending Balance | $ 2,041 | [33],[34] | 2,041 | [33],[34] | $ 1,875 | [23],[35] | ||
Principal amount | 2,093 | [21],[33],[34] | 2,093 | [21],[33],[34] | 2,072 | [23],[35] | ||
Investment, Identifier [Axis]: Afore Insurance Services, LLC, First Lien Term Loan, Non-Controlled, Affiliated Investments | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 0 | |||||||
Gross Additions Cost | [3] | 4,583 | ||||||
Gross Reductions Cost | [5] | 0 | ||||||
Net Unrealized Gain (Loss) | (11) | |||||||
Fair Value, Ending Balance | $ 4,572 | 4,572 | $ 0 | |||||
Net Realized Gain (Loss) | 0 | |||||||
Interest Income | [7] | 138 | ||||||
Dividend Income | 0 | |||||||
Fee income | $ 0 | |||||||
Investment, Identifier [Axis]: Afore Insurance Services, LLC., Senior Secured First Lien Debt, 3/24/2025 Maturity | ||||||||
Interest rate basis spread on variable rate | [16],[17],[24],[31] | 6% | 6% | |||||
Interest rate, floor | [16],[17],[24],[31] | 1% | 1% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [17],[24],[31] | $ 4,572 | $ 4,572 | |||||
Principal amount | [17],[21],[24],[31] | $ 4,583 | $ 4,583 | |||||
Investment, Identifier [Axis]: Allen Media, LLC, Senior Secured First Lien Debt, 2/10/2027 Maturity | ||||||||
Interest rate basis spread on variable rate | 6% | [15],[16],[17] | 6% | [15],[16],[17] | 5.50% | [18],[19],[20] | ||
Interest rate, floor | 0% | [15],[16],[17] | 0% | [15],[16],[17] | 0% | [18],[19],[20] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [18],[20] | $ 8,420 | ||||||
Fair Value, Ending Balance | $ 8,553 | [15],[17] | 8,553 | [15],[17] | $ 8,420 | [18],[20] | ||
Principal amount | $ 8,818 | [15],[17],[21] | $ 8,818 | [15],[17],[21] | $ 8,863 | [18],[20] | ||
Investment, Identifier [Axis]: American Clinical Solutions LLC, Senior Secured First Lien Debt | ||||||||
Interest rate | 12.19% | 12.19% | 11.27% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Cash | 7% | 7% | 7% | |||||
PIK | 5.19% | 5.19% | 4.27% | |||||
All-in-Rate | 12.19% | 12.19% | 11.27% | |||||
Investment, Identifier [Axis]: American Clinical Solutions LLC, Senior Secured First Lien Debt, 12/31/2024 Maturity | ||||||||
Interest rate basis spread on variable rate | [16],[24],[33],[36] | 7% | 7% | |||||
Interest rate, floor | 100% | [16],[24],[33],[36] | 100% | [16],[24],[33],[36] | 100% | [19],[22],[35],[37] | ||
Interest rate | [19],[22],[35],[37] | 7% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[35],[37] | $ 4,122 | ||||||
Fair Value, Ending Balance | $ 4,726 | [24],[33],[36] | 4,726 | [24],[33],[36] | $ 4,122 | [22],[35],[37] | ||
All-in-Rate | [19],[22],[35],[37] | 7% | ||||||
Principal amount | $ 4,859 | [21],[24],[33],[36] | $ 4,859 | [21],[24],[33],[36] | $ 4,250 | [22],[35],[37] | ||
Investment, Identifier [Axis]: American Consolidated Natural Resources, Inc., Senior Secured First Lien Debt | ||||||||
Interest rate | 21.27% | 21.27% | 20.33% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Cash | 18.27% | 18.27% | 17.33% | |||||
PIK | 3% | 3% | 3% | |||||
All-in-Rate | 21.27% | 21.27% | 20.33% | |||||
Investment, Identifier [Axis]: American Consolidated Natural Resources, Inc., Senior Secured First Lien Debt, 9/16/2025 Maturity | ||||||||
Interest rate basis spread on variable rate | 16% | [16],[24],[33],[34] | 16% | [16],[24],[33],[34] | 16% | [19],[22],[23],[35] | ||
Interest rate, floor | 1% | [16],[24],[33],[34] | 1% | [16],[24],[33],[34] | 1% | [19],[22],[23],[35] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[23],[35] | $ 47 | ||||||
Fair Value, Ending Balance | $ 48 | [24],[33],[34] | 48 | [24],[33],[34] | $ 47 | [22],[23],[35] | ||
Principal amount | $ 47 | [21],[24],[33],[34] | $ 47 | [21],[24],[33],[34] | $ 47 | [22],[23],[35] | ||
Investment, Identifier [Axis]: American Health Staffing Group, Inc. Senior Secured First Lien Debt, 11/19/2026 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | [16],[24],[38] | 6% | 6% | |||||
Interest rate, floor | [16],[24],[38] | 1% | 1% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [24],[38] | $ 16,458 | $ 16,458 | |||||
Principal amount | [21],[24],[38] | $ 16,458 | 16,458 | |||||
Investment, Identifier [Axis]: American Health Staffing Group, Inc. Senior Secured First Lien Debt, 11/19/2026 Maturity, 2 | ||||||||
Interest rate basis spread on variable rate | [19],[22],[39] | 6% | ||||||
Interest rate, floor | [19],[22],[39] | 1% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[39] | 16,542 | ||||||
Fair Value, Ending Balance | [22],[39] | $ 16,542 | ||||||
Principal amount | [22],[39] | $ 16,542 | ||||||
Investment, Identifier [Axis]: American Health Staffing Group, Inc., Senior Secured First Lien Debt, 11/19/2026 Maturity, 1 | ||||||||
Interest rate, unfunded | [19] | 0.50% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ 0 | |||||||
Fair Value, Ending Balance | $ 0 | |||||||
Principal amount | $ 3,333 | |||||||
Investment, Identifier [Axis]: American Health Staffing Group, Inc., Senior Secured First Lien Debt, 11/19/2026 Maturity, 2 | ||||||||
Interest rate, unfunded | [16] | 0.50% | 0.50% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | $ 0 | $ 0 | ||||||
Principal amount | [21] | $ 3,333 | 3,333 | |||||
Investment, Identifier [Axis]: American Teleconferencing Services, Ltd. Senior Secured First Lien Debt, 1/31/23 Maturity, 2 | ||||||||
Interest rate basis spread on variable rate | [19],[40] | 5.50% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [40] | 156 | ||||||
Fair Value, Ending Balance | [40] | $ 156 | ||||||
Principal amount | [40] | $ 3,116 | ||||||
Investment, Identifier [Axis]: American Teleconferencing Services, Ltd., Senior Secured First Lien Debt, 1/31/23 Maturity, 1 | ||||||||
Interest rate, unfunded | [19],[30],[40] | 0.50% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [30],[40] | $ 0 | ||||||
Fair Value, Ending Balance | [30],[40] | $ 0 | ||||||
Principal amount | [30],[40] | $ 235 | ||||||
Investment, Identifier [Axis]: American Teleconferencing Services, Ltd., Senior Secured First Lien Debt, 4/07/2023 Maturity, 2 | ||||||||
Interest rate, unfunded | [16],[32] | 0% | 0% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [32] | $ 0 | $ 0 | |||||
Principal amount | [21],[32] | $ 235 | $ 235 | |||||
Investment, Identifier [Axis]: American Teleconferencing Services, Ltd., Senior Secured First Lien Debt, 4/07/2023 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | [16],[41] | 5.50% | 5.50% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [41] | $ 140 | $ 140 | |||||
Principal amount | [21],[41] | $ 3,116 | $ 3,116 | |||||
Investment, Identifier [Axis]: Analogic Corp., Senior Secured First Lien Debt, 6/21/2024 Maturity | ||||||||
Interest rate basis spread on variable rate | 5.25% | [15],[16],[17],[24] | 5.25% | [15],[16],[17],[24] | 5.25% | [18],[19],[22],[23] | ||
Interest rate, floor | 1% | [15],[16],[17],[24] | 1% | [15],[16],[17],[24] | 1% | [18],[19],[22],[23] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [18],[22],[23] | $ 4,795 | ||||||
Fair Value, Ending Balance | $ 4,819 | [15],[17],[24] | 4,819 | [15],[17],[24] | $ 4,795 | [18],[22],[23] | ||
Principal amount | $ 4,825 | [15],[17],[21],[24] | $ 4,825 | [15],[17],[21],[24] | $ 4,850 | [18],[22],[23] | ||
Investment, Identifier [Axis]: Ancile Solutions, Inc., Senior Secured First Lien Debt | ||||||||
Interest rate | 15.56% | 15.56% | 14.75% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Cash | 12.56% | 12.56% | 11.75% | |||||
PIK | 3% | 3% | 3% | |||||
All-in-Rate | 15.56% | 15.56% | 14.75% | |||||
Investment, Identifier [Axis]: Ancile Solutions, Inc., Senior Secured First Lien Debt, 6/11/2026 Maturity | ||||||||
Interest rate basis spread on variable rate | 10% | [16],[24],[33],[34] | 10% | [16],[24],[33],[34] | 10% | [19],[22],[23],[35] | ||
Interest rate, floor | 1% | [16],[24],[33],[34] | 1% | [16],[24],[33],[34] | 1% | [19],[22],[23],[35] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[23],[35] | $ 11,608 | ||||||
Fair Value, Ending Balance | $ 11,231 | [24],[33],[34] | 11,231 | [24],[33],[34] | $ 11,608 | [22],[23],[35] | ||
Principal amount | $ 11,359 | [21],[24],[33],[34] | $ 11,359 | [21],[24],[33],[34] | $ 11,967 | [22],[23],[35] | ||
Investment, Identifier [Axis]: Anthem Sports & Entertainment Inc., Senior Secured First Lien Debt | ||||||||
Interest rate | 14.66% | 14.66% | 14.23% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Cash | 11.91% | 11.91% | 11.48% | |||||
PIK | 2.75% | 2.75% | 2.75% | |||||
All-in-Rate | 14.66% | 14.66% | 14.23% | |||||
Investment, Identifier [Axis]: Anthem Sports & Entertainment Inc., Senior Secured First Lien Debt, 11/15/2026 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | [16],[24],[33],[34] | 9.50% | 9.50% | |||||
Interest rate, floor | [16],[24],[33],[34] | 1% | 1% | |||||
Interest rate, unfunded | [19] | 0.50% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ (8) | |||||||
Fair Value, Ending Balance | $ 35,037 | [24],[33],[34] | 35,037 | [24],[33],[34] | $ (8) | |||
Principal amount | $ 37,076 | [21],[24],[33],[34] | $ 37,076 | [21],[24],[33],[34] | $ 167 | |||
Investment, Identifier [Axis]: Anthem Sports & Entertainment Inc., Senior Secured First Lien Debt, 11/15/2026 Maturity, 2 | ||||||||
Interest rate basis spread on variable rate | 9.50% | [16],[34] | 9.50% | [16],[34] | 9.50% | [19],[22],[23],[35] | ||
Interest rate, floor | 1% | [16],[34] | 1% | [16],[34] | 1% | [19],[22],[23],[35] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[23],[35] | $ 35,161 | ||||||
Fair Value, Ending Balance | $ 2,835 | [34] | 2,835 | [34] | $ 35,161 | [22],[23],[35] | ||
Principal amount | $ 3,000 | [21],[34] | $ 3,000 | [21],[34] | $ 36,914 | [22],[23],[35] | ||
Investment, Identifier [Axis]: Anthem Sports & Entertainment Inc., Senior Secured First Lien Debt, 11/15/2026 Maturity, 3 | ||||||||
Interest rate basis spread on variable rate | [19],[23] | 9.50% | ||||||
Interest rate, floor | [19],[23] | 1% | ||||||
Interest rate, unfunded | [16] | 0.50% | 0.50% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [23] | $ 2,857 | ||||||
Fair Value, Ending Balance | $ (9) | (9) | $ 2,857 | [23] | ||||
Principal amount | $ 167 | [21] | 167 | [21] | $ 3,000 | [23] | ||
Investment, Identifier [Axis]: Appalachian Resource Company, LLC, Senior Secured First Lien Debt, 9/10/2023 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | [19],[37] | 10% | ||||||
Interest rate, floor | [19],[37] | 1% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [37] | 5,000 | ||||||
Fair Value, Ending Balance | [37] | $ 5,000 | ||||||
Principal amount | [37] | $ 5,000 | ||||||
Investment, Identifier [Axis]: Appalachian Resource Company, LLC, Senior Secured First Lien Debt, 9/10/2023 Maturity, 2 | ||||||||
Interest rate basis spread on variable rate | [19],[37] | 5% | ||||||
Interest rate, floor | [19],[37] | 1% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [37] | $ 10,733 | ||||||
Fair Value, Ending Balance | [37] | $ 10,733 | ||||||
Principal amount | [37] | $ 11,137 | ||||||
Investment, Identifier [Axis]: Appalachian Resource Company, LLC, Senior Secured First Lien Debt, 9/15/2023 Maturity | ||||||||
Interest rate basis spread on variable rate | [16],[36] | 10% | 10% | |||||
Interest rate, floor | [16],[36] | 1% | 1% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [36] | $ 5,000 | $ 5,000 | |||||
Principal amount | [21],[36] | $ 5,000 | $ 5,000 | |||||
Investment, Identifier [Axis]: Appalachian Resource Company, LLC, Senior Secured First Lien Debt, 9/30/2023 Maturity | ||||||||
Interest rate basis spread on variable rate | [16],[36] | 5% | 5% | |||||
Interest rate, floor | [16],[36] | 1% | 1% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [36] | $ 10,733 | $ 10,733 | |||||
Principal amount | [21],[36] | $ 11,137 | $ 11,137 | |||||
Investment, Identifier [Axis]: Archer Systems, LLC, Senior Secured First Lien Debt, 8/11/2027 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | 6% | [16],[17],[24] | 6% | [16],[17],[24] | 6.50% | [19],[22],[42] | ||
Interest rate, floor | 1% | [16],[17],[24] | 1% | [16],[17],[24] | 1% | [19],[22],[42] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[42] | $ 17,937 | ||||||
Fair Value, Ending Balance | $ 22,180 | [17],[24] | 22,180 | [17],[24] | $ 17,937 | [22],[42] | ||
Principal amount | $ 22,098 | [17],[21],[24] | $ 22,098 | [17],[21],[24] | $ 18,095 | [22],[42] | ||
Investment, Identifier [Axis]: Archer Systems, LLC, Senior Secured First Lien Debt, 8/11/2027 Maturity, 2 | ||||||||
Interest rate, unfunded | [16] | 0.50% | 0.50% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | $ 7 | $ 7 | ||||||
Principal amount | [21] | 1,905 | 1,905 | |||||
Investment, Identifier [Axis]: Archer Systems, LLC, Senior Secured First Lien Debt, 8/11/2027 Maturity, 3 | ||||||||
Interest rate, unfunded | [19] | 0.50% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | (17) | |||||||
Fair Value, Ending Balance | $ (17) | |||||||
Principal amount | 1,905 | |||||||
Investment, Identifier [Axis]: Ascent Resources - Marcellus, LLC, Membership Units., Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [30] | 1,235 | ||||||
Fair Value, Ending Balance | $ 746 | [32] | 746 | [32] | 1,235 | [30] | ||
Investment, Identifier [Axis]: Ascent Resources - Marcellus, LLC, Warrants., Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [30] | $ 3 | ||||||
Fair Value, Ending Balance | [30] | $ 3 | ||||||
Investment, Identifier [Axis]: Associated Asphalt Partners, LLC, Senior Secured First Lien Debt, 4/5/2024 Maturity | ||||||||
Interest rate basis spread on variable rate | 5.25% | [15],[16],[24],[34] | 5.25% | [15],[16],[24],[34] | 5.25% | [18],[19],[22],[37] | ||
Interest rate, floor | 1% | [15],[16],[24],[34] | 1% | [15],[16],[24],[34] | 1% | [18],[19],[22],[37] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [18],[22],[37] | $ 10,994 | ||||||
Fair Value, Ending Balance | $ 11,424 | [15],[24],[34] | 11,424 | [15],[24],[34] | $ 10,994 | [18],[22],[37] | ||
Principal amount | $ 14,135 | [15],[21],[24],[34] | $ 14,135 | [15],[21],[24],[34] | $ 14,221 | [18],[22],[37] | ||
Investment, Identifier [Axis]: Atlas Supply LLC, Senior Secured First Lien Debt, 4/29/2025 Maturity | ||||||||
Interest rate | 11% | [16] | 11% | [16] | 11% | [19] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ 4,950 | |||||||
Fair Value, Ending Balance | $ 4,938 | $ 4,938 | $ 4,950 | |||||
All-in-Rate | 11% | [16] | 11% | [16] | 11% | [19] | ||
Principal amount | $ 5,000 | [21] | $ 5,000 | [21] | $ 5,000 | |||
Investment, Identifier [Axis]: Avison Young (USA) Inc., Senior Secured First Lien Debt, 1/31/2026 Maturity | ||||||||
Interest rate basis spread on variable rate | 6.50% | [16],[24],[43] | 6.50% | [16],[24],[43] | 5.75% | [19],[22],[28],[37] | ||
Interest rate, floor | 0% | [16],[24],[43] | 0% | [16],[24],[43] | 0% | [19],[22],[28],[37] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[28],[37] | $ 2,505 | ||||||
Fair Value, Ending Balance | $ 5,595 | [24],[43] | 5,595 | [24],[43] | $ 2,505 | [22],[28],[37] | ||
Principal amount | $ 6,660 | [21],[24],[43] | $ 6,660 | [21],[24],[43] | $ 2,665 | [22],[28],[37] | ||
Investment, Identifier [Axis]: BDS Solutions Intermediateco, LLC, Senior Secured First Lien Debt, 2/7/2027 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | 6.25% | [16],[17],[24] | 6.25% | [16],[17],[24] | 6.25% | [19],[20] | ||
Interest rate, floor | 1% | [16],[17],[24] | 1% | [16],[17],[24] | 1% | [19],[20] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [20] | $ 17,466 | ||||||
Fair Value, Ending Balance | $ 19,605 | [17],[24] | 19,605 | [17],[24] | $ 17,466 | [20] | ||
Principal amount | $ 19,979 | [17],[21],[24] | $ 19,979 | [17],[21],[24] | $ 17,822 | [20] | ||
Investment, Identifier [Axis]: BDS Solutions Intermediateco, LLC, Senior Secured First Lien Debt, 2/7/2027 Maturity, 2 | ||||||||
Interest rate basis spread on variable rate | 6.25% | [16],[17] | 6.25% | [16],[17] | 6.25% | [19],[20] | ||
Interest rate, floor | 1% | [16],[17] | 1% | [16],[17] | 1% | [19],[20] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [20] | $ 842 | ||||||
Fair Value, Ending Balance | $ 1,777 | [17] | 1,777 | [17] | $ 842 | [20] | ||
Principal amount | $ 1,811 | [17],[21] | $ 1,811 | [17],[21] | $ 859 | [20] | ||
Investment, Identifier [Axis]: BDS Solutions Intermediateco, LLC, Senior Secured First Lien Debt, 2/7/2027 Maturity, 3 | ||||||||
Interest rate, unfunded | 0.50% | [16] | 0.50% | [16] | 0.50% | [19] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ (40) | |||||||
Fair Value, Ending Balance | $ (20) | (20) | $ (40) | |||||
Principal amount | $ 1,046 | [21] | 1,046 | [21] | 1,998 | |||
Investment, Identifier [Axis]: Berlitz Holdings, Inc., First Lien Term Loan, Non-Controlled, Affiliated Investments | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ 0 | 0 | 0 | |||||
Gross Additions Cost | [4] | 13,956 | ||||||
Gross Reductions Cost | [6] | (13,956) | ||||||
Net Unrealized Gain (Loss) | 0 | |||||||
Fair Value, Ending Balance | 0 | |||||||
Net Realized Gain (Loss) | 0 | |||||||
Interest Income | [8] | 393 | ||||||
Dividend Income | $ 0 | |||||||
Investment, Identifier [Axis]: Berlitz Holdings, Inc., Senior Secured First Lien Debt, 2/14/2025 Maturity | ||||||||
Interest rate basis spread on variable rate | 9% | [16],[43] | 9% | [16],[43] | 9% | [19],[29],[42] | ||
Interest rate, floor | 1% | [16],[43] | 1% | [16],[43] | 1% | [19],[29],[42] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [29],[42] | $ 13,179 | ||||||
Fair Value, Ending Balance | $ 13,421 | [43] | 13,421 | [43] | $ 13,179 | [29],[42] | ||
Principal amount | $ 13,800 | [21],[43] | $ 13,800 | [21],[43] | $ 13,800 | [29],[42] | ||
Investment, Identifier [Axis]: Bradshaw International Parent Corp., Senior Secured First Lien Debt, 10/21/2026 Maturity, 1 | ||||||||
Interest rate, unfunded | 0.50% | [16] | 0.50% | [16] | 0.50% | [19] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ (53) | |||||||
Fair Value, Ending Balance | $ (51) | (51) | $ (53) | |||||
Principal amount | $ 1,844 | [21] | $ 1,844 | [21] | $ 1,844 | |||
Investment, Identifier [Axis]: Bradshaw International Parent Corp., Senior Secured First Lien Debt, 10/21/2027 Maturity, 3 | ||||||||
Interest rate basis spread on variable rate | 5.75% | [16],[24],[43] | 5.75% | [16],[24],[43] | 5.75% | [19],[22],[37] | ||
Interest rate, floor | 1% | [16],[24],[43] | 1% | [16],[24],[43] | 1% | [19],[22],[37] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[37] | $ 12,650 | ||||||
Fair Value, Ending Balance | $ 12,544 | [24],[43] | 12,544 | [24],[43] | $ 12,650 | [22],[37] | ||
Principal amount | 12,899 | [21],[24],[43] | 12,899 | [21],[24],[43] | $ 13,024 | [22],[37] | ||
Investment, Identifier [Axis]: CB URS Holdings Corp., Senior Secured First Lien Debt, 9/01/2024 Maturity | ||||||||
Interest rate basis spread on variable rate | [19],[22],[23] | 5.75% | ||||||
Interest rate, floor | [19],[22],[23] | 1% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[23] | 12,417 | ||||||
Fair Value, Ending Balance | [22],[23] | $ 12,417 | ||||||
Principal amount | [22],[23] | 14,826 | ||||||
Investment, Identifier [Axis]: CF Arch Holdings LLC, Class A Units, Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [30] | 442 | ||||||
Fair Value, Ending Balance | 564 | [32] | 564 | [32] | 442 | [30] | ||
Investment, Identifier [Axis]: CION/EagleTree Partners, LLC, Common Shares, Controlled Investments | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 0 | 0 | 0 | |||||
Gross Additions Cost | 0 | [9] | 0 | [10] | ||||
Gross Reductions Cost | 0 | [11] | 0 | [12] | ||||
Net Unrealized Gain (Loss) | 0 | 0 | ||||||
Fair Value, Ending Balance | 0 | 0 | 0 | |||||
Net Realized Gain (Loss) | 0 | 0 | ||||||
Interest Income | 0 | [13] | 0 | [14] | ||||
Dividend Income | 0 | 0 | ||||||
Investment, Identifier [Axis]: CION/EagleTree Partners, LLC, Membership Units Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [26],[32],[44] | 0 | 0 | |||||
Investment, Identifier [Axis]: CION/EagleTree Partners, LLC, Membership Units, Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [28],[30],[45] | 0 | ||||||
Fair Value, Ending Balance | [28],[30],[45] | 0 | ||||||
Investment, Identifier [Axis]: CION/EagleTree Partners, LLC, Participating Preferred Shares Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [28],[30],[45] | 30,766 | ||||||
Fair Value, Ending Balance | 25,179 | [26],[44] | 25,179 | [26],[44] | 30,766 | [28],[30],[45] | ||
Investment, Identifier [Axis]: CION/EagleTree Partners, LLC, Participating Preferred Shares, Controlled Investments | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 30,766 | 29,796 | 29,796 | |||||
Gross Additions Cost | 0 | [9] | 0 | [10] | ||||
Gross Reductions Cost | 0 | [11] | 0 | [12] | ||||
Net Unrealized Gain (Loss) | (5,587) | 970 | ||||||
Fair Value, Ending Balance | $ 25,179 | 25,179 | 30,766 | |||||
Net Realized Gain (Loss) | 0 | 0 | ||||||
Interest Income | 0 | [13] | 0 | [14] | ||||
Dividend Income | $ 4,250 | $ 1,275 | ||||||
Investment, Identifier [Axis]: CION/EagleTree Partners, LLC, Senior Secured Note | ||||||||
Interest rate | 14% | 14% | 14% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Cash | 0% | 0% | 0% | |||||
PIK | 14% | 14% | 14% | |||||
All-in-Rate | 14% | 14% | 14% | |||||
Investment, Identifier [Axis]: CION/EagleTree Partners, LLC, Senior Secured Note, Controlled Investments | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ 60,348 | 61,629 | $ 61,629 | |||||
Gross Additions Cost | 0 | [9] | 2,718 | [10] | ||||
Gross Reductions Cost | (5,521) | [11] | (3,999) | [12] | ||||
Net Unrealized Gain (Loss) | 0 | 0 | ||||||
Fair Value, Ending Balance | $ 54,827 | 54,827 | 60,348 | |||||
Net Realized Gain (Loss) | 0 | 0 | ||||||
Interest Income | 3,891 | [13] | 8,531 | [14] | ||||
Dividend Income | $ 0 | $ 0 | ||||||
Investment, Identifier [Axis]: CION/EagleTree Partners, LLC., Senior Secured First Lien Debt, 12/21/2026 Maturity | ||||||||
Interest rate | 14% | [16],[26],[33],[44] | 14% | [16],[26],[33],[44] | 14% | [19],[28],[35],[45] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [28],[35],[45] | $ 60,348 | ||||||
Fair Value, Ending Balance | $ 54,827 | [26],[33],[44] | $ 54,827 | [26],[33],[44] | $ 60,348 | [28],[35],[45] | ||
All-in-Rate | 14% | [16],[26],[33],[44] | 14% | [16],[26],[33],[44] | 14% | [19],[28],[35],[45] | ||
Principal amount | $ 54,827 | [21],[26],[33],[44] | $ 54,827 | [21],[26],[33],[44] | $ 60,348 | [28],[35],[45] | ||
Investment, Identifier [Axis]: CION/EagleTree, Access CIG, LLC, Senior Secured Second Lien Debt | ||||||||
Interest rate basis spread on variable rate | 7.75% | 7.75% | 7.75% | |||||
Interest rate, floor | 0% | 0% | 0% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ 6,933 | |||||||
Fair Value, Ending Balance | $ 7,105 | 7,105 | $ 6,933 | |||||
Principal amount | 7,250 | 7,250 | 7,250 | |||||
Investment, Identifier [Axis]: CION/EagleTree, American Clinical Solutions LLC, Class A Membership Interests, Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 3,618 | |||||||
Fair Value, Ending Balance | 5,910 | 5,910 | 3,618 | |||||
Investment, Identifier [Axis]: CION/EagleTree, Anthem Sports and Entertainment Inc., Class A Preferred Stock Warrants, Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 1,881 | |||||||
Fair Value, Ending Balance | 1,553 | 1,553 | 1,881 | |||||
Investment, Identifier [Axis]: CION/EagleTree, Anthem Sports and Entertainment Inc., Class B Preferred Stock Warrants, Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 187 | |||||||
Fair Value, Ending Balance | 171 | 171 | 187 | |||||
Investment, Identifier [Axis]: CION/EagleTree, Anthem Sports and Entertainment Inc., Common Stock Warrants, Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 580 | |||||||
Fair Value, Ending Balance | 96 | 96 | 580 | |||||
Investment, Identifier [Axis]: CION/EagleTree, BCP Great Lakes II - Series A Holdings LP, Partnership Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | $ 12,672 | 12,672 | ||||||
Investment, Identifier [Axis]: CION/EagleTree, BCP Great Lakes II - Series A Holdings LP, Partnership Interests, Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ 11,058 | |||||||
Fair Value, Ending Balance | $ 11,058 | |||||||
Investment, Identifier [Axis]: CION/EagleTree, Berlitz Holdings, Inc, Senior Secured First Lien Debt | ||||||||
Interest rate basis spread on variable rate | 9% | 9% | 9% | |||||
Interest rate, floor | 1% | 1% | 1% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ 1,146 | |||||||
Fair Value, Ending Balance | $ 1,167 | 1,167 | $ 1,146 | |||||
Principal amount | 1,200 | 1,200 | 1,200 | |||||
Investment, Identifier [Axis]: CION/EagleTree, CHC Medical Partners, Inc., Series C Preferred Stock, Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 8,877 | |||||||
Fair Value, Ending Balance | 9,321 | 9,321 | 8,877 | |||||
Investment, Identifier [Axis]: CION/EagleTree, CTS Ultimate Holdings LLC, Class A Preferred Units, Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 859 | |||||||
Fair Value, Ending Balance | 608 | 608 | 859 | |||||
Investment, Identifier [Axis]: CION/EagleTree, Carestream Health Holdings, Inc., Common Stock, Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 21,544 | |||||||
Fair Value, Ending Balance | $ 20,716 | $ 20,716 | $ 21,544 | |||||
Investment, Identifier [Axis]: CION/EagleTree, Community Tree Service, LLC, Senior Secured First Lien Debt | ||||||||
Interest rate basis spread on variable rate | 11% | 11% | 8.50% | |||||
Interest rate, floor | 1% | 1% | 1% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ 489 | |||||||
Fair Value, Ending Balance | $ 452 | 452 | $ 489 | |||||
Principal amount | 460 | 460 | 499 | |||||
Investment, Identifier [Axis]: CION/EagleTree, Dayton HoldCo, LLC, Membership Units, Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 15,334 | |||||||
Fair Value, Ending Balance | $ 14,537 | 14,537 | $ 15,334 | |||||
Investment, Identifier [Axis]: CION/EagleTree, Dayton Superior Corp, Senior Secured Second Lien Debt | ||||||||
Interest rate basis spread on variable rate | 7% | |||||||
Interest rate, floor | 2% | |||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ 1,007 | |||||||
Fair Value, Ending Balance | $ 1,007 | |||||||
Principal amount | $ 1,010 | |||||||
Investment, Identifier [Axis]: CION/EagleTree, Future Pak, LLC, Senior Secured First Lien Debt | ||||||||
Interest rate basis spread on variable rate | 10% | 10% | 8% | |||||
Interest rate, floor | 2% | 2% | 2% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ 1,372 | |||||||
Fair Value, Ending Balance | $ 1,162 | 1,162 | $ 1,372 | |||||
Principal amount | 1,162 | 1,162 | 1,395 | |||||
Investment, Identifier [Axis]: CION/EagleTree, HDNet Holdco LLC, Preferred Unit Call Option, Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 185 | |||||||
Fair Value, Ending Balance | 100 | 100 | 185 | |||||
Investment, Identifier [Axis]: CION/EagleTree, HW Ultimate Holdings, LP, Class A Membership Units, Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 130 | |||||||
Fair Value, Ending Balance | $ 0 | $ 0 | $ 130 | |||||
Investment, Identifier [Axis]: CION/EagleTree, Ivy Hill Middle Market Credit Fund VIII, Ltd. Subordinated Loan, Collateralized Securities and Structured Products - Equity | ||||||||
Investment estimated yield | 11.84% | 11.84% | 11.84% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ 9,523 | |||||||
Fair Value, Ending Balance | $ 9,263 | 9,263 | $ 9,523 | |||||
Principal amount | 10,000 | 10,000 | 10,000 | |||||
Investment, Identifier [Axis]: CION/EagleTree, Language Education Holdings GP LLC, Common Units, Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 0 | |||||||
Fair Value, Ending Balance | 0 | 0 | 0 | |||||
Investment, Identifier [Axis]: CION/EagleTree, Language Education Holdings LP, Ordinary Common Units, Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 427 | |||||||
Fair Value, Ending Balance | $ 495 | $ 495 | $ 427 | |||||
Investment, Identifier [Axis]: CION/EagleTree, MedPlast Holdings, Inc, Senior Secured Second Lien Debt | ||||||||
Interest rate basis spread on variable rate | 7.75% | 7.75% | 7.75% | |||||
Interest rate, floor | 0% | 0% | 0% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ 6,337 | |||||||
Fair Value, Ending Balance | $ 6,539 | 6,539 | $ 6,337 | |||||
Principal amount | 6,750 | 6,750 | 6,750 | |||||
Investment, Identifier [Axis]: CION/EagleTree, Skillsoft Corp., Class A Common Stock, Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 316 | |||||||
Fair Value, Ending Balance | 302 | 302 | 316 | |||||
Investment, Identifier [Axis]: CION/EagleTree, Spinal USA, Inc. / Precision Medical Inc., Warrants, Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 0 | |||||||
Fair Value, Ending Balance | $ 0 | 0 | $ 0 | |||||
Investment, Identifier [Axis]: CION/EagleTree, Zest Acquisition Corp, Senior Secured Second Lien Debt | ||||||||
Interest rate basis spread on variable rate | 7% | |||||||
Interest rate, floor | 1% | |||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ 14,175 | |||||||
Fair Value, Ending Balance | $ 14,175 | |||||||
Principal amount | $ 15,000 | |||||||
Investment, Identifier [Axis]: Cabi, LLC, Senior Secured First Lien Debt, 2/28/2027 Maturity | ||||||||
Interest rate basis spread on variable rate | 5.50% | [16],[24],[43] | 5.50% | [16],[24],[43] | 9.50% | [19],[22],[42] | ||
Interest rate, floor | 2% | [16],[24],[43] | 2% | [16],[24],[43] | 1% | [19],[22],[42] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[42] | $ 21,742 | ||||||
Fair Value, Ending Balance | $ 21,522 | [24],[43] | 21,522 | [24],[43] | $ 21,742 | [22],[42] | ||
Principal amount | $ 21,576 | [21],[24],[43] | 21,576 | [21],[24],[43] | $ 22,073 | [22],[42] | ||
Investment, Identifier [Axis]: Cadence Aerospace, LLC, Senior Secured First Lien Debt | ||||||||
Interest rate | 12.92% | |||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Cash | 10.92% | |||||||
PIK | 2% | |||||||
All-in-Rate | 12.92% | |||||||
Investment, Identifier [Axis]: Cadence Aerospace, LLC, Senior Secured First Lien Debt, 11/14/2023 Maturity | ||||||||
Interest rate basis spread on variable rate | [18],[19],[22],[23],[35] | 8.50% | ||||||
Interest rate, floor | [18],[19],[22],[23],[35] | 1% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [18],[22],[23],[35] | $ 38,842 | ||||||
Fair Value, Ending Balance | [18],[22],[23],[35] | $ 38,842 | ||||||
Principal amount | [18],[22],[23],[35] | 39,383 | ||||||
Investment, Identifier [Axis]: Cadence Aerospace, LLC, Senior Secured First Lien Debt, 11/14/2024 Maturity | ||||||||
Interest rate basis spread on variable rate | [15],[16],[17],[24] | 6.50% | 6.50% | |||||
Interest rate, floor | [15],[16],[17],[24] | 1% | 1% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [15],[17],[24] | $ 12,627 | $ 12,627 | |||||
Principal amount | [15],[17],[21],[24] | 12,642 | 12,642 | |||||
Investment, Identifier [Axis]: Carestream Health Holdings Inc., Common Stock, Equity Securities | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [29],[30] | 21,544 | ||||||
Fair Value, Ending Balance | 20,716 | [31],[32] | 20,716 | [31],[32] | 21,544 | [29],[30] | ||
Investment, Identifier [Axis]: Carestream Health, Inc., First Lien Term Loan, Non-Controlled, Affiliated Investments | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 7,539 | 0 | 0 | |||||
Gross Additions Cost | 2,895 | [3] | 7,596 | [4] | ||||
Gross Reductions Cost | (115) | [5] | 0 | [6] | ||||
Net Unrealized Gain (Loss) | 1,104 | (57) | ||||||
Fair Value, Ending Balance | $ 11,423 | 11,423 | 7,539 | |||||
Net Realized Gain (Loss) | 0 | 0 | ||||||
Interest Income | 534 | [7] | 284 | [8] | ||||
Dividend Income | 0 | $ 0 | ||||||
Fee income | $ 0 | |||||||
Investment, Identifier [Axis]: Carestream Health, Inc., Senior Secured First Lien Debt, 9/30/2027 Maturity | ||||||||
Interest rate basis spread on variable rate | 7.50% | [15],[16],[31],[43] | 7.50% | [15],[16],[31],[43] | 7.50% | [18],[19],[29],[42] | ||
Interest rate, floor | 1% | [15],[16],[31],[43] | 1% | [15],[16],[31],[43] | 1% | [18],[19],[29],[42] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [18],[29],[42] | $ 7,539 | ||||||
Fair Value, Ending Balance | $ 11,423 | [15],[31],[43] | 11,423 | [15],[31],[43] | $ 7,539 | [18],[29],[42] | ||
Principal amount | 11,481 | [15],[21],[31],[43] | 11,481 | [15],[21],[31],[43] | 7,596 | [18],[29],[42] | ||
Investment, Identifier [Axis]: Carestream, Common Shares, Non-Controlled, Affiliated Investments | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 21,544 | 0 | 0 | |||||
Gross Additions Cost | 0 | [3] | 21,758 | [4] | ||||
Gross Reductions Cost | 0 | [5] | 0 | [6] | ||||
Net Unrealized Gain (Loss) | (828) | (214) | ||||||
Fair Value, Ending Balance | $ 20,716 | 20,716 | 21,544 | |||||
Net Realized Gain (Loss) | 0 | 0 | ||||||
Interest Income | 0 | [7] | 0 | [8] | ||||
Dividend Income | 0 | $ 0 | ||||||
Fee income | $ 0 | |||||||
Investment, Identifier [Axis]: Celerity Acquisition Holdings, LLC, Senior Secured First Lien Debt, 5/28/2026 Maturity | ||||||||
Interest rate basis spread on variable rate | 8.50% | [16],[17],[24] | 8.50% | [16],[17],[24] | 8.50% | [19],[22],[23] | ||
Interest rate, floor | 1% | [16],[17],[24] | 1% | [16],[17],[24] | 1% | [19],[22],[23] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[23] | $ 14,590 | ||||||
Fair Value, Ending Balance | $ 16,000 | [17],[24] | 16,000 | [17],[24] | $ 14,590 | [22],[23] | ||
Principal amount | $ 16,000 | [17],[21],[24] | $ 16,000 | [17],[21],[24] | $ 14,775 | [22],[23] | ||
Investment, Identifier [Axis]: Cennox, Inc., Senior Secured First Lien Debt, 11/22/2023 Maturity, 4 | ||||||||
Interest rate, unfunded | [16] | 1% | 1% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | $ (27) | $ (27) | ||||||
Principal amount | [21] | $ 7,193 | $ 7,193 | |||||
Investment, Identifier [Axis]: Cennox, Inc., Senior Secured First Lien Debt, 5/4/2026 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | 6% | [16],[17],[24] | 6% | [16],[17],[24] | 6% | [19],[22],[23] | ||
Interest rate, floor | 1% | [16],[17],[24] | 1% | [16],[17],[24] | 1% | [19],[22],[23] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[23] | $ 22,425 | ||||||
Fair Value, Ending Balance | $ 22,371 | [17],[24] | 22,371 | [17],[24] | $ 22,425 | [22],[23] | ||
Principal amount | $ 22,455 | [17],[21],[24] | $ 22,455 | [17],[21],[24] | $ 22,509 | [22],[23] | ||
Investment, Identifier [Axis]: Cennox, Inc., Senior Secured First Lien Debt, 5/4/2026 Maturity, 2 | ||||||||
Interest rate basis spread on variable rate | 6% | [15],[16],[17],[24] | 6% | [15],[16],[17],[24] | 6% | [18],[19],[23] | ||
Interest rate, floor | 1% | [15],[16],[17],[24] | 1% | [15],[16],[17],[24] | 1% | [18],[19],[23] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [18],[23] | $ 11,743 | ||||||
Fair Value, Ending Balance | $ 11,509 | [15],[17],[24] | 11,509 | [15],[17],[24] | $ 11,743 | [18],[23] | ||
Principal amount | $ 11,552 | [15],[17],[21],[24] | $ 11,552 | [15],[17],[21],[24] | $ 11,787 | [18],[23] | ||
Investment, Identifier [Axis]: Cennox, Inc., Senior Secured First Lien Debt, 5/4/2026 Maturity, 3 | ||||||||
Interest rate basis spread on variable rate | 6% | [16],[17] | 6% | [16],[17] | 6% | [19] | ||
Interest rate, floor | 1% | [16],[17] | 1% | [16],[17] | 1% | [19] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ 2,604 | |||||||
Fair Value, Ending Balance | $ 2,976 | [17] | 2,976 | [17] | $ 2,604 | |||
Principal amount | $ 2,987 | [17],[21] | 2,987 | [17],[21] | $ 2,614 | |||
Investment, Identifier [Axis]: Cennox, Inc., Senior Secured First Lien Debt, 5/4/2026 Maturity, 5 | ||||||||
Interest rate, unfunded | [19] | 0.50% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | (1) | |||||||
Fair Value, Ending Balance | $ (1) | |||||||
Principal amount | $ 373 | |||||||
Investment, Identifier [Axis]: Cennox, Inc., Senior Secured First Lien Debt, 8/11/2023 Maturity, 4 | ||||||||
Interest rate, unfunded | [19] | 1% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | (27) | |||||||
Fair Value, Ending Balance | $ (27) | |||||||
Principal amount | 7,193 | |||||||
Investment, Identifier [Axis]: Charming Charlie, LLC, Vendor Payment Financing Facility, Non-Controlled, Affiliated Investments | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ 0 | 350 | 350 | |||||
Gross Additions Cost | [4] | 0 | ||||||
Gross Reductions Cost | [6] | (657) | ||||||
Net Unrealized Gain (Loss) | 307 | |||||||
Fair Value, Ending Balance | 0 | |||||||
Net Realized Gain (Loss) | (657) | |||||||
Interest Income | [8] | 26 | ||||||
Dividend Income | $ 0 | |||||||
Investment, Identifier [Axis]: CircusTrix Holdings, LLC., Senior Secured First Lien Debt, 1/16/2024 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | 5.50% | [15],[16],[24],[43] | 5.50% | [15],[16],[24],[43] | 5.50% | [18],[19],[22],[37] | ||
Interest rate, floor | 1% | [15],[16],[24],[43] | 1% | [15],[16],[24],[43] | 1% | [18],[19],[22],[37] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [18],[22],[37] | $ 26,824 | ||||||
Fair Value, Ending Balance | $ 26,702 | [15],[24],[43] | 26,702 | [15],[24],[43] | $ 26,824 | [18],[22],[37] | ||
Principal amount | $ 26,702 | [15],[21],[24],[43] | $ 26,702 | [15],[21],[24],[43] | $ 26,824 | [18],[22],[37] | ||
Investment, Identifier [Axis]: CircusTrix Holdings, LLC., Senior Secured First Lien Debt, 1/16/2024 Maturity, 2 | ||||||||
Interest rate basis spread on variable rate | 5.50% | [16],[24],[43] | 5.50% | [16],[24],[43] | 5.50% | [19],[22],[37] | ||
Interest rate, floor | 1% | [16],[24],[43] | 1% | [16],[24],[43] | 1% | [19],[22],[37] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[37] | $ 2,737 | ||||||
Fair Value, Ending Balance | $ 2,719 | [24],[43] | 2,719 | [24],[43] | $ 2,737 | [22],[37] | ||
Principal amount | $ 2,719 | [21],[24],[43] | 2,719 | [21],[24],[43] | $ 2,737 | [22],[37] | ||
Investment, Identifier [Axis]: CircusTrix Holdings, LLC., Senior Secured First Lien Debt, 1/16/2024 Maturity, 3 | ||||||||
Interest rate basis spread on variable rate | [19],[22],[37] | 5.50% | ||||||
Interest rate, floor | [19],[22],[37] | 1% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[37] | $ 1,862 | ||||||
Fair Value, Ending Balance | [22],[37] | $ 1,862 | ||||||
Principal amount | [22],[37] | $ 1,560 | ||||||
Investment, Identifier [Axis]: CircusTrix Holdings, LLC., Senior Secured First Lien Debt, 7/16/2023 Maturity, 3 | ||||||||
Interest rate basis spread on variable rate | [16],[24],[43] | 5.50% | 5.50% | |||||
Interest rate, floor | [16],[24],[43] | 1% | 1% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [24],[43] | $ 902 | $ 902 | |||||
Principal amount | [21],[24],[43] | $ 753 | $ 753 | |||||
Investment, Identifier [Axis]: Community Tree Service, LLC., Senior Secured First Lien Debt, 6/17/2027 Maturity | ||||||||
Interest rate basis spread on variable rate | 11% | [16],[17],[24] | 11% | [16],[17],[24] | 8.50% | [19],[20] | ||
Interest rate, floor | 1% | [16],[17],[24] | 1% | [16],[17],[24] | 1% | [19],[20] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [20] | $ 12,219 | ||||||
Fair Value, Ending Balance | $ 11,312 | [17],[24] | 11,312 | [17],[24] | $ 12,219 | [20] | ||
Principal amount | $ 11,513 | [17],[21],[24] | $ 11,513 | [17],[21],[24] | $ 12,469 | [20] | ||
Investment, Identifier [Axis]: Country Fresh Holdings, LLC., Senior Secured First Lien Debt, 4/29/2023 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | 6% | [16],[34],[41] | 6% | [16],[34],[41] | 5% | [19],[23],[40] | ||
Interest rate, floor | 1% | [16],[34],[41] | 1% | [16],[34],[41] | 1% | [19],[23],[40] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [23],[40] | $ 92 | ||||||
Fair Value, Ending Balance | $ 60 | [34],[41] | 60 | [34],[41] | $ 92 | [23],[40] | ||
Principal amount | $ 844 | [21],[34],[41] | $ 844 | [21],[34],[41] | $ 877 | [23],[40] | ||
Investment, Identifier [Axis]: Country Fresh Holdings, LLC., Senior Secured First Lien Debt, 4/29/2023 Maturity, 2 | ||||||||
Interest rate basis spread on variable rate | 6% | [16],[34],[41] | 6% | [16],[34],[41] | 5% | [19],[23],[40] | ||
Interest rate, floor | 1% | [16],[34],[41] | 1% | [16],[34],[41] | 1% | [19],[23],[40] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [23],[40] | $ 37 | ||||||
Fair Value, Ending Balance | $ 24 | [34],[41] | 24 | [34],[41] | $ 37 | [23],[40] | ||
Principal amount | $ 342 | [21],[34],[41] | $ 342 | [21],[34],[41] | $ 355 | [23],[40] | ||
Investment, Identifier [Axis]: Coyote Buyer, LLC., Senior Secured First Lien Debt, 2/6/2025 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | 6% | [15],[16],[17],[24] | 6% | [15],[16],[17],[24] | 6% | [18],[19],[22],[23] | ||
Interest rate, floor | 1% | [15],[16],[17],[24] | 1% | [15],[16],[17],[24] | 1% | [18],[19],[22],[23] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [18],[22],[23] | $ 33,612 | ||||||
Fair Value, Ending Balance | $ 33,524 | [15],[17],[24] | 33,524 | [15],[17],[24] | $ 33,612 | [18],[22],[23] | ||
Principal amount | $ 33,863 | [15],[17],[21],[24] | $ 33,863 | [15],[17],[21],[24] | $ 34,038 | [18],[22],[23] | ||
Investment, Identifier [Axis]: Coyote Buyer, LLC., Senior Secured First Lien Debt, 2/6/2025 Maturity, 2 | ||||||||
Interest rate basis spread on variable rate | 6% | [16],[17] | 6% | [16],[17] | 8% | [18],[19],[23] | ||
Interest rate, floor | 1% | [16],[17] | 1% | [16],[17] | 1% | [18],[19],[23] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [18],[23] | $ 6,125 | ||||||
Fair Value, Ending Balance | $ 990 | [17] | 990 | [17] | $ 6,125 | [18],[23] | ||
Principal amount | $ 1,000 | [17],[21] | $ 1,000 | [17],[21] | $ 6,125 | [18],[23] | ||
Investment, Identifier [Axis]: Coyote Buyer, LLC., Senior Secured First Lien Debt, 2/6/2025 Maturity, 3 | ||||||||
Interest rate, unfunded | 0.50% | [16] | 0.50% | [16] | 0.50% | [19] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ (31) | |||||||
Fair Value, Ending Balance | $ (15) | (15) | $ (31) | |||||
Principal amount | $ 1,500 | [21] | $ 1,500 | [21] | $ 2,500 | |||
Investment, Identifier [Axis]: Coyote Buyer, LLC., Senior Secured First Lien Debt, 8/6/2026 Maturity | ||||||||
Interest rate basis spread on variable rate | [15],[16],[17] | 8% | 8% | |||||
Interest rate, floor | [15],[16],[17] | 1% | 1% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [15],[17] | $ 6,094 | $ 6,094 | |||||
Principal amount | [15],[17],[21] | $ 6,094 | $ 6,094 | |||||
Investment, Identifier [Axis]: Critical Nurse Staffing, LLC., Senior Secured First Lien Debt, 11/1/2026 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | 5.75% | [16],[17],[24] | 5.75% | [16],[17],[24] | 6% | [19],[22],[23] | ||
Interest rate, floor | 1% | [16],[17],[24] | 1% | [16],[17],[24] | 1% | [19],[22],[23] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[23] | $ 12,928 | ||||||
Fair Value, Ending Balance | $ 12,863 | [17],[24] | 12,863 | [17],[24] | $ 12,928 | [22],[23] | ||
Principal amount | $ 12,863 | [17],[21],[24] | $ 12,863 | [17],[21],[24] | $ 12,928 | [22],[23] | ||
Investment, Identifier [Axis]: Critical Nurse Staffing, LLC., Senior Secured First Lien Debt, 11/1/2026 Maturity, 2 | ||||||||
Interest rate basis spread on variable rate | 5.75% | [16],[17],[24] | 5.75% | [16],[17],[24] | 6% | [19],[23] | ||
Interest rate, floor | 1% | [16],[17],[24] | 1% | [16],[17],[24] | 1% | [19],[23] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [23] | $ 999 | ||||||
Fair Value, Ending Balance | $ 994 | [17],[24] | 994 | [17],[24] | $ 999 | [23] | ||
Principal amount | $ 994 | [17],[21],[24] | $ 994 | [17],[21],[24] | $ 999 | [23] | ||
Investment, Identifier [Axis]: Critical Nurse Staffing, LLC., Senior Secured First Lien Debt, 11/1/2026 Maturity, 3 | ||||||||
Interest rate basis spread on variable rate | 5.75% | [16],[17] | 5.75% | [16],[17] | 6% | [19],[37] | ||
Interest rate, floor | 1% | [16],[17] | 1% | [16],[17] | 1% | [19],[37] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [37] | $ 300 | ||||||
Fair Value, Ending Balance | $ 460 | [17] | 460 | [17] | $ 300 | [37] | ||
Principal amount | $ 460 | [17],[21] | $ 460 | [17],[21] | $ 300 | [37] | ||
Investment, Identifier [Axis]: Critical Nurse Staffing, LLC., Senior Secured First Lien Debt, 11/1/2026 Maturity, 4 | ||||||||
Interest rate, unfunded | 1% | [16] | 1% | [16] | 1% | [19] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ 0 | |||||||
Fair Value, Ending Balance | $ 0 | 0 | $ 0 | |||||
Principal amount | $ 4,899 | [21] | $ 4,899 | [21] | $ 4,899 | |||
Investment, Identifier [Axis]: Critical Nurse Staffing, LLC., Senior Secured First Lien Debt, 11/1/2026 Maturity, 5 | ||||||||
Interest rate, unfunded | 0.50% | [16] | 0.50% | [16] | 0.50% | [19] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ 0 | |||||||
Fair Value, Ending Balance | $ 0 | 0 | $ 0 | |||||
Principal amount | 540 | [21] | 540 | [21] | 700 | |||
Investment, Identifier [Axis]: DBI Investors, Inc., Common Stock., Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [30] | 0 | ||||||
Fair Value, Ending Balance | 0 | [32] | 0 | [32] | 0 | [30] | ||
Investment, Identifier [Axis]: DBI Investors, Inc., Reallocation Rights., Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [30] | 0 | ||||||
Fair Value, Ending Balance | 0 | [32] | 0 | [32] | 0 | [30] | ||
Investment, Identifier [Axis]: DBI Investors, Inc., Series A Preferred Stock., Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [30] | 2 | ||||||
Fair Value, Ending Balance | 0 | [32] | 0 | [32] | 2 | [30] | ||
Investment, Identifier [Axis]: DBI Investors, Inc., Series A1 Preferred Stock., Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [30] | 28 | ||||||
Fair Value, Ending Balance | 0 | [32] | 0 | [32] | 28 | [30] | ||
Investment, Identifier [Axis]: DBI Investors, Inc., Series A2 Preferred Stock., Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [30] | 2 | ||||||
Fair Value, Ending Balance | 0 | [32] | 0 | [32] | 2 | [30] | ||
Investment, Identifier [Axis]: DBI Investors, Inc., Series B Preferred Stock., Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [30] | 2 | ||||||
Fair Value, Ending Balance | 0 | [32] | 0 | [32] | 2 | [30] | ||
Investment, Identifier [Axis]: DESG Holdings, Inc., First Lien Term Loan, Non-Controlled, Affiliated Investments | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 246 | 1,787 | 1,787 | |||||
Gross Additions Cost | 0 | [3] | 0 | [4] | ||||
Gross Reductions Cost | (82) | [5] | (306) | [6] | ||||
Net Unrealized Gain (Loss) | (34) | (1,235) | ||||||
Fair Value, Ending Balance | $ 130 | 130 | 246 | |||||
Net Realized Gain (Loss) | 0 | 0 | ||||||
Interest Income | 0 | [7] | 5 | [8] | ||||
Dividend Income | 0 | 0 | ||||||
Fee income | 0 | |||||||
Investment, Identifier [Axis]: DESG Holdings, Inc., Second Lien Term Loan, Non-Controlled, Affiliated Investments | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ 0 | 0 | 0 | |||||
Gross Additions Cost | [4] | 0 | ||||||
Gross Reductions Cost | [6] | (10,017) | ||||||
Net Unrealized Gain (Loss) | 10,017 | |||||||
Fair Value, Ending Balance | 0 | |||||||
Net Realized Gain (Loss) | (10,017) | |||||||
Interest Income | [8] | 0 | ||||||
Dividend Income | $ 0 | |||||||
Investment, Identifier [Axis]: DMT Solutions Global Corp., Senior Secured First Lien Debt, 7/2/2024 Maturity | ||||||||
Interest rate basis spread on variable rate | 7.50% | [15],[16],[46] | 7.50% | [15],[16],[46] | 7.50% | [18],[19],[47] | ||
Interest rate, floor | 1% | [15],[16],[46] | 1% | [15],[16],[46] | 1% | [18],[19],[47] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [18],[47] | $ 3,766 | ||||||
Fair Value, Ending Balance | $ 3,808 | [15],[46] | 3,808 | [15],[46] | $ 3,766 | [18],[47] | ||
Principal amount | 3,846 | [15],[21],[46] | 3,846 | [15],[21],[46] | 3,974 | [18],[47] | ||
Investment, Identifier [Axis]: DMT Solutions Global Corp., Senior Secured First Lien Debt, 7/2/2024 Maturity, 3 Month LIBOR | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Principal amount | 1,750 | 1,750 | 2,096 | |||||
Investment, Identifier [Axis]: DMT Solutions Global Corp., Senior Secured First Lien Debt, 7/2/2024 Maturity, 6 Month LIBOR | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Principal amount | $ 2,096 | $ 2,096 | $ 1,943 | |||||
Investment, Identifier [Axis]: David's Bridal, LLC 1, Senior Secured First Lien Debt | ||||||||
Interest rate | 19.25% | 19.25% | 14.28% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Cash | 14.25% | 14.25% | 9.28% | |||||
PIK | 5% | 5% | 5% | |||||
All-in-Rate | 19.25% | 19.25% | 14.28% | |||||
Investment, Identifier [Axis]: David's Bridal, LLC 2, Senior Secured First Lien Debt | ||||||||
Interest rate | 15.54% | 15.54% | 10.42% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Cash | 10.54% | 10.54% | 1% | |||||
PIK | 5% | 5% | 9.42% | |||||
All-in-Rate | 15.54% | 15.54% | 10.42% | |||||
Investment, Identifier [Axis]: David's Bridal, LLC 3, Senior Secured First Lien Debt | ||||||||
Interest rate | 12.54% | 12.54% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Cash | 1% | 1% | ||||||
PIK | 11.54% | 11.54% | ||||||
All-in-Rate | 12.54% | 12.54% | ||||||
Investment, Identifier [Axis]: David's Bridal, LLC., Senior Secured First Lien Debt, 12/23/2024 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | [16],[33],[34],[41],[48] | 10% | 10% | |||||
Interest rate, floor | [16],[33],[34],[41],[48] | 1% | 1% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [33],[34],[41],[48] | $ 0 | $ 0 | |||||
Principal amount | [21],[33],[34],[41],[48] | $ 6,014 | $ 6,014 | |||||
Investment, Identifier [Axis]: David's Bridal, LLC., Senior Secured First Lien Debt, 12/31/2024 Maturity, 2 | ||||||||
Interest rate basis spread on variable rate | [16],[33],[34],[41],[48] | 7% | 7% | |||||
Interest rate, floor | [16],[33],[34],[41],[48] | 1% | 1% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [33],[34],[41],[48] | $ 0 | $ 0 | |||||
Principal amount | [21],[33],[34],[41],[48] | $ 865 | 865 | |||||
Investment, Identifier [Axis]: David's Bridal, LLC., Senior Secured First Lien Debt, 12/31/2024 Maturity, 4 | ||||||||
Interest rate basis spread on variable rate | [19],[35],[37],[40] | 7% | ||||||
Interest rate, floor | [19],[35],[37],[40] | 1% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [35],[37],[40] | $ 51 | ||||||
Fair Value, Ending Balance | [35],[37],[40] | $ 51 | ||||||
Principal amount | [35],[37],[40] | $ 845 | ||||||
Investment, Identifier [Axis]: David's Bridal, LLC., Senior Secured First Lien Debt, 5/23/2024 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | 11% | [16],[24],[33],[34],[41],[48] | 11% | [16],[24],[33],[34],[41],[48] | 10% | [19],[22],[23],[35] | ||
Interest rate, floor | [19],[22],[23],[35] | 1% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[23],[35] | $ 13,130 | ||||||
Fair Value, Ending Balance | $ 10,798 | [24],[33],[34],[41],[48] | 10,798 | [24],[33],[34],[41],[48] | $ 13,130 | [22],[23],[35] | ||
Principal amount | $ 13,331 | [21],[24],[33],[34],[41],[48] | $ 13,331 | [21],[24],[33],[34],[41],[48] | $ 13,000 | [22],[23],[35] | ||
Investment, Identifier [Axis]: David's Bridal, LLC., Senior Secured First Lien Debt, 5/23/2024 Maturity, 2 | ||||||||
Interest rate basis spread on variable rate | 11% | [16],[24],[33],[34],[41],[48] | 11% | [16],[24],[33],[34],[41],[48] | 10% | [19],[23],[35] | ||
Interest rate, floor | [19],[23],[35] | 1% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [23],[35] | $ 5,210 | ||||||
Fair Value, Ending Balance | $ 4,448 | [24],[33],[34],[41],[48] | 4,448 | [24],[33],[34],[41],[48] | $ 5,210 | [23],[35] | ||
Principal amount | 5,491 | [21],[24],[33],[34],[41],[48] | 5,491 | [21],[24],[33],[34],[41],[48] | $ 5,357 | [23],[35] | ||
Investment, Identifier [Axis]: David's Bridal, LLC., Senior Secured First Lien Debt, 5/23/2024 Maturity, 3 | ||||||||
Interest rate basis spread on variable rate | [19],[23],[35] | 10% | ||||||
Interest rate, floor | [19],[23],[35] | 1% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [23],[35] | 2,256 | ||||||
Fair Value, Ending Balance | [23],[35] | $ 2,256 | ||||||
Principal amount | [23],[35] | 5,936 | ||||||
Investment, Identifier [Axis]: Delayed Draw First Lien Term Loan, Non-Controlled, Affiliated Investments | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 156 | |||||||
Gross Additions Cost | [3] | 6 | ||||||
Gross Reductions Cost | [5] | (162) | ||||||
Net Unrealized Gain (Loss) | 0 | |||||||
Fair Value, Ending Balance | $ 0 | 0 | $ 156 | |||||
Net Realized Gain (Loss) | 0 | |||||||
Interest Income | [7] | 10 | ||||||
Dividend Income | 0 | |||||||
Fee income | $ 0 | |||||||
Investment, Identifier [Axis]: Deluxe Entertainment Services, Inc., Senior Secured First Lien Debt | ||||||||
Interest rate | 12.04% | 12.04% | 11.23% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Cash | 10.54% | 10.54% | 9.73% | |||||
PIK | 1.50% | 1.50% | 1.50% | |||||
All-in-Rate | 12.04% | 12.04% | 11.23% | |||||
Investment, Identifier [Axis]: Deluxe Entertainment Services, Inc., Senior Secured First Lien Debt, 3/25/2024 Maturity | ||||||||
Interest rate basis spread on variable rate | 6.50% | [16],[24],[31],[33],[34],[41] | 6.50% | [16],[24],[31],[33],[34],[41] | 6.50% | [19],[22],[23],[29],[35],[40] | ||
Interest rate, floor | 1% | [16],[24],[31],[33],[34],[41] | 1% | [16],[24],[31],[33],[34],[41] | 1% | [19],[22],[23],[29],[35],[40] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[23],[29],[35],[40] | $ 246 | ||||||
Fair Value, Ending Balance | $ 130 | [24],[31],[33],[34],[41] | 130 | [24],[31],[33],[34],[41] | $ 246 | [22],[23],[29],[35],[40] | ||
Principal amount | $ 2,603 | [21],[24],[31],[33],[34],[41] | $ 2,603 | [21],[24],[31],[33],[34],[41] | $ 2,664 | [22],[23],[29],[35],[40] | ||
Investment, Identifier [Axis]: Dermcare Management, LLC., Senior Secured First Lien Debt, 10/22/2023 Maturity, 4 | ||||||||
Interest rate, unfunded | 0.50% | [16] | 0.50% | [16] | 0.50% | [19] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ (4) | |||||||
Fair Value, Ending Balance | $ 0 | 0 | $ (4) | |||||
Principal amount | $ 698 | [21] | $ 698 | [21] | $ 698 | |||
Investment, Identifier [Axis]: Dermcare Management, LLC., Senior Secured First Lien Debt, 4/22/2028 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | 6% | [16],[24],[43] | 6% | [16],[24],[43] | 6% | [19],[22],[42] | ||
Interest rate, floor | 1% | [16],[24],[43] | 1% | [16],[24],[43] | 1% | [19],[22],[42] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[42] | $ 9,297 | ||||||
Fair Value, Ending Balance | $ 9,309 | [24],[43] | 9,309 | [24],[43] | $ 9,297 | [22],[42] | ||
Principal amount | $ 9,309 | [21],[24],[43] | $ 9,309 | [21],[24],[43] | $ 9,356 | [22],[42] | ||
Investment, Identifier [Axis]: Dermcare Management, LLC., Senior Secured First Lien Debt, 4/22/2028 Maturity, 2 | ||||||||
Interest rate basis spread on variable rate | 6% | [16],[24],[43] | 6% | [16],[24],[43] | 6% | [19],[42] | ||
Interest rate, floor | 1% | [16],[24],[43] | 1% | [16],[24],[43] | 1% | [19],[42] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [42] | $ 3,518 | ||||||
Fair Value, Ending Balance | $ 3,523 | [24],[43] | 3,523 | [24],[43] | $ 3,518 | [42] | ||
Principal amount | $ 3,523 | [21],[24],[43] | $ 3,523 | [21],[24],[43] | $ 3,540 | [42] | ||
Investment, Identifier [Axis]: Dermcare Management, LLC., Senior Secured First Lien Debt, 4/22/2028 Maturity, 3 | ||||||||
Interest rate basis spread on variable rate | 6% | [16] | 6% | [16] | 5% | [19] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ 178 | |||||||
Fair Value, Ending Balance | $ 358 | 358 | $ 178 | |||||
Principal amount | $ 358 | [21] | $ 358 | [21] | $ 179 | |||
Investment, Identifier [Axis]: Dermcare Management, LLC., Senior Secured First Lien Debt, 4/22/2028 Maturity, 5 | ||||||||
Interest rate, unfunded | 0.50% | [16] | 0.50% | [16] | 0.50% | [19] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ (7) | |||||||
Fair Value, Ending Balance | $ 0 | 0 | $ (7) | |||||
Principal amount | $ 985 | [21] | $ 985 | [21] | $ 1,164 | |||
Investment, Identifier [Axis]: Emerald Technologies (U.S.) Acquisitionco, Inc.., Senior Secured First Lien Debt, 12/29/2027 Maturity | ||||||||
Interest rate basis spread on variable rate | 6.25% | [15],[16],[43] | 6.25% | [15],[16],[43] | 6.25% | [18],[19],[42] | ||
Interest rate, floor | 1% | [15],[16],[43] | 1% | [15],[16],[43] | 1% | [18],[19],[42] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [18],[42] | $ 2,794 | ||||||
Fair Value, Ending Balance | $ 2,805 | [15],[43] | 2,805 | [15],[43] | $ 2,794 | [18],[42] | ||
Principal amount | $ 2,906 | [15],[21],[43] | $ 2,906 | [15],[21],[43] | $ 2,944 | [18],[42] | ||
Investment, Identifier [Axis]: Entertainment Studios P&A LLC., Senior Secured First Lien Debt, 5/18/2037 Maturity | ||||||||
Interest rate | [16],[49] | 5% | 5% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [49] | $ 1,045 | $ 1,045 | |||||
All-in-Rate | [16],[49] | 5% | 5% | |||||
Principal amount | [21],[49] | $ 0 | $ 0 | |||||
Investment, Identifier [Axis]: Entertainment Studios P&A LLC., Senior Secured First Lien Debt, 5/18/2037 Maturity, 1 | ||||||||
Interest rate, unfunded | [19],[50] | 5% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [50] | $ 1,654 | ||||||
Fair Value, Ending Balance | [50] | $ 1,654 | ||||||
Principal amount | [50] | $ 0 | ||||||
Investment, Identifier [Axis]: Entertainment Studios P&A LLC., Senior Secured First Lien Debt, 9/28/2027 Maturity | ||||||||
Interest rate, floor | [16],[17],[24] | 1% | 1% | |||||
Interest rate | [16],[17],[24] | 8.50% | 8.50% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [17],[24] | $ 23,049 | $ 23,049 | |||||
All-in-Rate | [16],[17],[24] | 8.50% | 8.50% | |||||
Principal amount | [17],[21],[24] | $ 23,049 | $ 23,049 | |||||
Investment, Identifier [Axis]: Entertainment Studios P&A LLC., Senior Secured First Lien Debt, 9/28/2027 Maturity, 2 | ||||||||
Interest rate, floor | [19],[20],[22],[23] | 1% | ||||||
Interest rate | [19],[20],[22],[23] | 8.50% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [20],[22],[23] | 23,940 | ||||||
Fair Value, Ending Balance | [20],[22],[23] | $ 23,940 | ||||||
All-in-Rate | [19],[20],[22],[23] | 8.50% | ||||||
Principal amount | [20],[22],[23] | $ 24,000 | ||||||
Investment, Identifier [Axis]: FWS Parent Holdings, LLC, Class A Membership Interests, Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [32] | 467 | 467 | |||||
Investment, Identifier [Axis]: FWS Parent Holdings, LLC. Class A Membership Interests, Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [30] | 742 | ||||||
Fair Value, Ending Balance | [30] | $ 742 | ||||||
Investment, Identifier [Axis]: First American Treasury Obligations Fund, Class Z Shares | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | $ 1,443 | $ 1,443 | ||||||
Investment, Identifier [Axis]: First American Treasury Obligations Fund, Class Z Shares, Short Term Investments | ||||||||
Interest rate | [51] | 4.99% | 4.99% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | $ 100,771 | $ 100,771 | ||||||
All-in-Rate | [51] | 4.99% | 4.99% | |||||
Investment, Identifier [Axis]: First American Treasury Obligations Fund., Short Term Investments | ||||||||
Interest rate | [52] | 3.95% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ 10,869 | |||||||
Fair Value, Ending Balance | $ 10,869 | |||||||
All-in-Rate | [52] | 3.95% | ||||||
Investment, Identifier [Axis]: Flatworld Intermediate Corp., Senior Secured First Lien Debt, 10/3/2027 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | [18],[19],[42] | 6% | ||||||
Interest rate, floor | [18],[19],[42] | 1% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [18],[42] | 25,135 | ||||||
Fair Value, Ending Balance | [18],[42] | $ 25,135 | ||||||
Principal amount | [18],[42] | $ 25,135 | ||||||
Investment, Identifier [Axis]: Flatworld Intermediate Corp., Senior Secured First Lien Debt, 10/3/2027 Maturity, 2 | ||||||||
Interest rate, unfunded | [19] | 0.50% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ 0 | |||||||
Fair Value, Ending Balance | $ 0 | |||||||
Principal amount | $ 5,865 | |||||||
Investment, Identifier [Axis]: Flatworld Intermediate Corp.., Senior Secured First Lien Debt, 10/3/2027 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | [15],[16],[17] | 6.50% | 6.50% | |||||
Interest rate, floor | [15],[16],[17] | 1% | 1% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [15],[17] | $ 25,197 | $ 25,197 | |||||
Principal amount | [15],[17],[21] | $ 25,009 | $ 25,009 | |||||
Investment, Identifier [Axis]: Flatworld Intermediate Corp.., Senior Secured First Lien Debt, 10/3/2027 Maturity, 2 | ||||||||
Interest rate, unfunded | [16] | 0.50% | 0.50% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | $ 44 | $ 44 | ||||||
Principal amount | [21] | $ 5,865 | $ 5,865 | |||||
Investment, Identifier [Axis]: Florida Food Products, LLC, 10/18/2028 Maturity | ||||||||
Interest rate basis spread on variable rate | [16] | 5% | 5% | |||||
Interest rate, floor | [16] | 0.75% | 0.75% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | $ 1,930 | $ 1,930 | ||||||
Principal amount | [21] | $ 2,244 | $ 2,244 | |||||
Investment, Identifier [Axis]: FuseFX, LLC., Senior Secured First Lien Debt, 10/1/2024 Maturity | ||||||||
Interest rate basis spread on variable rate | 6% | [15],[16],[17],[24] | 6% | [15],[16],[17],[24] | 5.75% | [18],[19],[22],[37] | ||
Interest rate, floor | 1% | [15],[16],[17],[24] | 1% | [15],[16],[17],[24] | 1% | [18],[19],[22],[37] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [18],[22],[37] | $ 19,647 | ||||||
Fair Value, Ending Balance | $ 19,398 | [15],[17],[24] | 19,398 | [15],[17],[24] | $ 19,647 | [18],[22],[37] | ||
Principal amount | $ 19,693 | [15],[17],[21],[24] | $ 19,693 | [15],[17],[21],[24] | $ 19,795 | [18],[22],[37] | ||
Investment, Identifier [Axis]: Fusion Connect Inc., Senior Secured First Lien Debt | ||||||||
Interest rate | 13.86% | 13.86% | 12.69% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Cash | 12.86% | 12.86% | 11.69% | |||||
PIK | 1% | 1% | 1% | |||||
All-in-Rate | 13.86% | 13.86% | 12.69% | |||||
Investment, Identifier [Axis]: Fusion Connect Inc., Senior Secured First Lien Debt, 1/18/2027 Maturity | ||||||||
Interest rate basis spread on variable rate | 8.50% | [16],[17],[24],[33] | 8.50% | [16],[17],[24],[33] | 8.50% | [19],[22],[23],[35] | ||
Interest rate, floor | 1% | [16],[17],[24],[33] | 1% | [16],[17],[24],[33] | 1% | [19],[22],[23],[35] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[23],[35] | $ 19,626 | ||||||
Fair Value, Ending Balance | $ 19,540 | [17],[24],[33] | 19,540 | [17],[24],[33] | $ 19,626 | [22],[23],[35] | ||
Principal amount | $ 19,540 | [17],[21],[24],[33] | $ 19,540 | [17],[21],[24],[33] | $ 19,626 | [22],[23],[35] | ||
Investment, Identifier [Axis]: Future Pak, LLC., Senior Secured First Lien Debt, 7/2/2024 Maturity | ||||||||
Interest rate basis spread on variable rate | 10% | [16],[24],[43] | 10% | [16],[24],[43] | 10% | [19],[22],[37] | ||
Interest rate, floor | 2% | [16],[24],[43] | 2% | [16],[24],[43] | 2% | [19],[22],[37] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[37] | $ 23,776 | ||||||
Fair Value, Ending Balance | $ 20,128 | [24],[43] | 20,128 | [24],[43] | $ 23,776 | [22],[37] | ||
Principal amount | $ 20,128 | [21],[24],[43] | $ 20,128 | [21],[24],[43] | $ 24,169 | [22],[37] | ||
Investment, Identifier [Axis]: GSC Technologies Inc., 1, Senior Secured First Lien Debt | ||||||||
Interest rate | 10.23% | 10.23% | 9.12% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Cash | 0% | 0% | 0% | |||||
PIK | 10.23% | 10.23% | 9.12% | |||||
All-in-Rate | 10.23% | 10.23% | 9.12% | |||||
Investment, Identifier [Axis]: GSC Technologies Inc., 2, Senior Secured First Lien Debt | ||||||||
Interest rate | 14.37% | |||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Cash | 9.37% | |||||||
PIK | 5% | |||||||
All-in-Rate | 14.37% | |||||||
Investment, Identifier [Axis]: GSC Technologies Inc., Common Shares, Non-Controlled, Affiliated Investments | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ 0 | 0 | $ 0 | |||||
Gross Additions Cost | 0 | [3] | 0 | [4] | ||||
Gross Reductions Cost | 0 | [5] | 0 | [6] | ||||
Net Unrealized Gain (Loss) | 0 | 0 | ||||||
Fair Value, Ending Balance | $ 0 | 0 | 0 | |||||
Net Realized Gain (Loss) | 0 | 0 | ||||||
Interest Income | 0 | [7] | 0 | [8] | ||||
Dividend Income | 0 | 0 | ||||||
Fee income | 0 | |||||||
Investment, Identifier [Axis]: GSC Technologies Inc., Common Shares., Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [29],[30] | 0 | ||||||
Fair Value, Ending Balance | 0 | [31],[32] | 0 | [31],[32] | 0 | [29],[30] | ||
Investment, Identifier [Axis]: GSC Technologies Inc., First Lien Term Loan A, Non-Controlled, Affiliated Investments | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 2,064 | 2,001 | 2,001 | |||||
Gross Additions Cost | 14 | [3] | 26 | [4] | ||||
Gross Reductions Cost | 0 | [5] | 0 | [6] | ||||
Net Unrealized Gain (Loss) | 49 | 37 | ||||||
Fair Value, Ending Balance | 2,127 | 2,127 | 2,064 | |||||
Net Realized Gain (Loss) | 0 | 0 | ||||||
Interest Income | 136 | [7] | 193 | [8] | ||||
Dividend Income | 0 | 0 | ||||||
Fee income | 0 | |||||||
Investment, Identifier [Axis]: GSC Technologies Inc., First Lien Term Loan B, Non-Controlled, Affiliated Investments | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 388 | 485 | 485 | |||||
Gross Additions Cost | 48 | [3] | 67 | [4] | ||||
Gross Reductions Cost | 0 | [5] | 0 | [6] | ||||
Net Unrealized Gain (Loss) | 258 | (164) | ||||||
Fair Value, Ending Balance | 694 | 694 | 388 | |||||
Net Realized Gain (Loss) | 0 | 0 | ||||||
Interest Income | 53 | [7] | 72 | [8] | ||||
Dividend Income | 0 | 0 | ||||||
Fee income | 0 | |||||||
Investment, Identifier [Axis]: GSC Technologies Inc., Incremental Term Loan, Non-Controlled, Affiliated Investments | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 154 | 170 | 170 | |||||
Gross Additions Cost | 6 | [3] | 8 | [4] | ||||
Gross Reductions Cost | (160) | [5] | (24) | [6] | ||||
Net Unrealized Gain (Loss) | 0 | 0 | ||||||
Fair Value, Ending Balance | $ 0 | 0 | 154 | |||||
Net Realized Gain (Loss) | 0 | 0 | ||||||
Interest Income | 11 | [7] | 22 | [8] | ||||
Dividend Income | 0 | $ 0 | ||||||
Fee income | $ 0 | |||||||
Investment, Identifier [Axis]: GSC Technologies Inc., Senior Secured First Lien Debt, 9/30/2025 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | 5% | [16],[31],[43] | 5% | [16],[31],[43] | 5% | [19],[29],[37] | ||
Interest rate, floor | 1% | [16],[31],[43] | 1% | [16],[31],[43] | 1% | [19],[29],[37] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [29],[37] | $ 2,064 | ||||||
Fair Value, Ending Balance | $ 2,127 | [31],[43] | 2,127 | [31],[43] | $ 2,064 | [29],[37] | ||
Principal amount | $ 2,404 | [21],[31],[43] | $ 2,404 | [21],[31],[43] | $ 2,404 | [29],[37] | ||
Investment, Identifier [Axis]: GSC Technologies Inc., Senior Secured First Lien Debt, 9/30/2025 Maturity, 2 | ||||||||
Interest rate basis spread on variable rate | 5% | [16],[31],[33],[43] | 5% | [16],[31],[33],[43] | 5% | [19],[29],[35],[37] | ||
Interest rate, floor | 1% | [16],[31],[33],[43] | 1% | [16],[31],[33],[43] | 1% | [19],[29],[35],[37] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [29],[35],[37] | $ 388 | ||||||
Fair Value, Ending Balance | $ 694 | [31],[33],[43] | 694 | [31],[33],[43] | $ 388 | [29],[35],[37] | ||
Principal amount | $ 957 | [21],[31],[33],[43] | 957 | [21],[31],[33],[43] | $ 915 | [29],[35],[37] | ||
Investment, Identifier [Axis]: GSC Technologies Inc., Senior Secured First Lien Debt, 9/30/2025 Maturity, 3 | ||||||||
Interest rate basis spread on variable rate | [19],[23],[29],[35] | 10% | ||||||
Interest rate, floor | [19],[23],[29],[35] | 1% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [23],[29],[35] | $ 154 | ||||||
Fair Value, Ending Balance | [23],[29],[35] | $ 154 | ||||||
Principal amount | [23],[29],[35] | $ 154 | ||||||
Investment, Identifier [Axis]: Galaxy XV CLO Ltd. Class A Subordinated Notes., Collateralized Securities and Structured Products - Equity, 4/15/2025 Maturity | ||||||||
Investment estimated yield | 19.30% | [16],[25],[26] | 19.30% | [16],[25],[26] | 19.30% | [27],[28] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [27],[28] | $ 1,108 | ||||||
Fair Value, Ending Balance | $ 1,033 | [25],[26] | 1,033 | [25],[26] | $ 1,108 | [27],[28] | ||
Principal amount | $ 4,000 | [21],[25],[26] | $ 4,000 | [21],[25],[26] | $ 4,000 | [27],[28] | ||
Investment, Identifier [Axis]: Global Tel*Link Corp., Senior Secured Second Lien Debt, 11/29/2026 Maturity | ||||||||
Interest rate basis spread on variable rate | 10% | [15],[16],[17] | 10% | [15],[16],[17] | 10% | [18],[19],[20] | ||
Interest rate, floor | 0% | [15],[16],[17] | 0% | [15],[16],[17] | 0% | [18],[19],[20] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [18],[20] | $ 11,414 | ||||||
Fair Value, Ending Balance | $ 11,428 | [15],[17] | 11,428 | [15],[17] | $ 11,414 | [18],[20] | ||
Principal amount | $ 11,500 | [15],[17],[21] | $ 11,500 | [15],[17],[21] | $ 11,500 | [18],[20] | ||
Investment, Identifier [Axis]: Gold Medal Holdings, Inc., Senior Secured First Lien Debt, 3/17/2027 Maturity | ||||||||
Interest rate basis spread on variable rate | 7% | [16],[17],[24] | 7% | [16],[17],[24] | 7% | [19],[20],[22] | ||
Interest rate, floor | 1% | [16],[17],[24] | 1% | [16],[17],[24] | 1% | [19],[20],[22] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [20],[22] | $ 14,575 | ||||||
Fair Value, Ending Balance | $ 14,722 | [17],[24] | 14,722 | [17],[24] | $ 14,575 | [20],[22] | ||
Principal amount | $ 14,722 | [17],[21],[24] | $ 14,722 | [17],[21],[24] | $ 14,759 | [20],[22] | ||
Investment, Identifier [Axis]: H.W. Lochner, Inc., Senior Secured First Lien Debt, 7/2/2027 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | 6.75% | [16],[17],[24] | 6.75% | [16],[17],[24] | 5.75% | [19],[22],[23] | ||
Interest rate, floor | 1% | [16],[17],[24] | 1% | [16],[17],[24] | 1% | [19],[22],[23] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[23] | $ 8,850 | ||||||
Fair Value, Ending Balance | $ 10,463 | [17],[24] | 10,463 | [17],[24] | $ 8,850 | [22],[23] | ||
Principal amount | $ 10,373 | [17],[21],[24] | $ 10,373 | [17],[21],[24] | $ 8,850 | [22],[23] | ||
Investment, Identifier [Axis]: H.W. Lochner, Inc., Senior Secured First Lien Debt, 7/2/2027 Maturity, 2 | ||||||||
Interest rate basis spread on variable rate | 6.25% | [16],[17],[24] | 6.25% | [16],[17],[24] | 6.75% | [19],[20],[22] | ||
Interest rate, floor | 1% | [16],[17],[24] | 1% | [16],[17],[24] | 1% | [19],[20],[22] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [20],[22] | $ 7,233 | ||||||
Fair Value, Ending Balance | $ 8,827 | [17],[24] | 8,827 | [17],[24] | $ 7,233 | [20],[22] | ||
Principal amount | $ 8,805 | [17],[21],[24] | $ 8,805 | [17],[21],[24] | $ 7,457 | [20],[22] | ||
Investment, Identifier [Axis]: H.W. Lochner, Inc., Senior Secured First Lien Debt, 7/2/2027 Maturity, 3 | ||||||||
Interest rate basis spread on variable rate | 6.25% | [16],[17] | 6.25% | [16],[17] | 5.75% | [19],[23] | ||
Interest rate, floor | 1% | [16],[17] | 1% | [16],[17] | 1% | [19],[23] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [23] | $ 775 | ||||||
Fair Value, Ending Balance | $ 777 | [17] | 777 | [17] | $ 775 | [23] | ||
Principal amount | $ 775 | [17],[21] | $ 775 | [17],[21] | $ 775 | [23] | ||
Investment, Identifier [Axis]: H.W. Lochner, Inc., Senior Secured First Lien Debt, 7/2/2027 Maturity, 4 | ||||||||
Interest rate, unfunded | 0.50% | [16] | 0.50% | [16] | 0.50% | [19] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ 0 | |||||||
Fair Value, Ending Balance | $ 1 | 1 | $ 0 | |||||
Principal amount | $ 225 | [21] | $ 225 | [21] | $ 225 | |||
Investment, Identifier [Axis]: HUMC Holdco, LLC., Senior Secured First Lien Debt, 11/4/2023 Maturity | ||||||||
Interest rate basis spread on variable rate | [19],[20],[22] | 8% | ||||||
Interest rate, floor | 3% | [16],[24],[34] | 3% | [16],[24],[34] | 3% | [19],[20],[22] | ||
Interest rate | [16],[24],[34] | 8% | 8% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [20],[22] | $ 7,933 | ||||||
Fair Value, Ending Balance | $ 7,805 | [24],[34] | $ 7,805 | [24],[34] | $ 7,933 | [20],[22] | ||
All-in-Rate | [16],[24],[34] | 8% | 8% | |||||
Principal amount | $ 7,805 | [21],[24],[34] | $ 7,805 | [21],[24],[34] | $ 7,933 | [20],[22] | ||
Investment, Identifier [Axis]: HW Acquisition, LLC., Senior Secured First Lien Debt, 9/28/2026 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | 5% | [16],[24] | 5% | [16],[24] | 5% | [19] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ 686 | |||||||
Fair Value, Ending Balance | $ 15,165 | [24] | 15,165 | [24] | $ 686 | |||
Principal amount | $ 18,781 | [21],[24] | $ 18,781 | [21],[24] | $ 733 | |||
Investment, Identifier [Axis]: HW Acquisition, LLC., Senior Secured First Lien Debt, 9/28/2026 Maturity, 2 | ||||||||
Interest rate basis spread on variable rate | 5% | [16] | 5% | [16] | 5% | [19],[22] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22] | $ 17,649 | ||||||
Fair Value, Ending Balance | $ 592 | 592 | $ 17,649 | [22] | ||||
Principal amount | $ 733 | [21] | $ 733 | [21] | $ 18,876 | [22] | ||
Investment, Identifier [Axis]: HW Acquisition, LLC., Senior Secured First Lien Debt, 9/28/2026 Maturity, 3 | ||||||||
Interest rate, unfunded | 0.50% | [16] | 0.50% | [16] | 0.50% | [19] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ (143) | |||||||
Fair Value, Ending Balance | $ (424) | (424) | $ (143) | |||||
Principal amount | $ 2,200 | [21] | $ 2,200 | [21] | $ 2,200 | |||
Investment, Identifier [Axis]: Harland Clarke Holdings Corp., Senior Secured First Lien Debt, 6/16/2026 Maturity | ||||||||
Interest rate basis spread on variable rate | 7.75% | [16],[17],[24] | 7.75% | [16],[17],[24] | 7.75% | [19],[22],[23] | ||
Interest rate, floor | 1% | [16],[17],[24] | 1% | [16],[17],[24] | 1% | [19],[22],[23] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[23] | $ 7,625 | ||||||
Fair Value, Ending Balance | $ 8,727 | [17],[24] | 8,727 | [17],[24] | $ 7,625 | [22],[23] | ||
Principal amount | $ 9,186 | [17],[21],[24] | $ 9,186 | [17],[21],[24] | $ 9,186 | [22],[23] | ||
Investment, Identifier [Axis]: Heritage Power, LLC., Senior Secured First Lien Debt, 7/30/2026 Maturity | ||||||||
Interest rate basis spread on variable rate | 5% | [16] | 5% | [16] | 6% | [19],[23] | ||
Interest rate, floor | [19],[23] | 1% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [23] | $ 4,527 | ||||||
Fair Value, Ending Balance | $ 3,794 | 3,794 | $ 4,527 | [23] | ||||
Principal amount | $ 8,622 | [21] | $ 8,622 | [21] | $ 8,622 | [23] | ||
Investment, Identifier [Axis]: Hilliard, Martinez & Gonzales, LLP, Senior Secured First Lien Debt | ||||||||
Interest rate | 17.27% | 17.27% | 16.24% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Cash | 0% | 0% | 0% | |||||
PIK | 17.27% | 17.27% | 16.24% | |||||
All-in-Rate | 17.27% | 17.27% | 16.24% | |||||
Investment, Identifier [Axis]: Hilliard, Martinez & Gonzales, LLP., Senior Secured First Lien Debt, 12/17/2023 Maturity | ||||||||
Interest rate basis spread on variable rate | 12% | [16],[24],[33],[43] | 12% | [16],[24],[33],[43] | 12% | [19],[22],[35],[37] | ||
Interest rate, floor | 2% | [16],[24],[33],[43] | 2% | [16],[24],[33],[43] | 2% | [19],[22],[35],[37] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[35],[37] | $ 21,798 | ||||||
Fair Value, Ending Balance | $ 23,733 | [24],[33],[43] | 23,733 | [24],[33],[43] | $ 21,798 | [22],[35],[37] | ||
Principal amount | $ 23,703 | [21],[24],[33],[43] | $ 23,703 | [21],[24],[33],[43] | $ 21,798 | [22],[35],[37] | ||
Investment, Identifier [Axis]: Hollander Intermediate LLC., Senior Secured First Lien Debt, 9/19/2026 Maturity | ||||||||
Interest rate basis spread on variable rate | 8.75% | [16],[17],[24] | 8.75% | [16],[17],[24] | 8.75% | [19],[20],[22],[37] | ||
Interest rate, floor | 2% | [16],[17],[24] | 2% | [16],[17],[24] | 2% | [19],[20],[22],[37] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [20],[22],[37] | $ 16,794 | ||||||
Fair Value, Ending Balance | $ 16,711 | [17],[24] | 16,711 | [17],[24] | $ 16,794 | [20],[22],[37] | ||
Principal amount | $ 17,140 | [17],[21],[24] | $ 17,140 | [17],[21],[24] | $ 17,358 | [20],[22],[37] | ||
Investment, Identifier [Axis]: Homer City Generation, L.P., Senior Secured First Lien Debt | ||||||||
Interest rate | 15% | 15% | 15% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Cash | 0% | 0% | 0% | |||||
PIK | 15% | 15% | 15% | |||||
All-in-Rate | 15% | 15% | 15% | |||||
Investment, Identifier [Axis]: Homer City Generation, L.P., Senior Secured First Lien Debt, 1/29/2023 Maturity, 3 | ||||||||
Interest rate, unfunded | [19],[30] | 0% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [30] | $ 0 | ||||||
Fair Value, Ending Balance | [30] | $ 0 | ||||||
Principal amount | [30] | $ 3,000 | ||||||
Investment, Identifier [Axis]: Homer City Generation, L.P., Senior Secured First Lien Debt, 10/1/2024 Maturity, 1 | ||||||||
Interest rate | [16],[24],[33],[41] | 15% | 15% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [24],[33],[41] | $ 8,128 | $ 8,128 | |||||
All-in-Rate | [16],[24],[33],[41] | 15% | 15% | |||||
Principal amount | [21],[24],[33],[41] | $ 12,222 | $ 12,222 | |||||
Investment, Identifier [Axis]: Homer City Generation, L.P., Senior Secured First Lien Debt, 4/5/2023 Maturity, 1 | ||||||||
Interest rate | [19],[22],[35] | 15% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[35] | 9,308 | ||||||
Fair Value, Ending Balance | [22],[35] | $ 9,308 | ||||||
All-in-Rate | [19],[22],[35] | 15% | ||||||
Principal amount | [22],[35] | $ 11,782 | ||||||
Investment, Identifier [Axis]: Homer City Generation, L.P., Senior Secured First Lien Debt, 5/31/2023 Maturity, 2 | ||||||||
Interest rate | [19] | 17% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ 1,000 | |||||||
Fair Value, Ending Balance | $ 1,000 | |||||||
All-in-Rate | [19] | 17% | ||||||
Principal amount | $ 1,000 | |||||||
Investment, Identifier [Axis]: Homer City Generation, L.P., Senior Secured First Lien Debt, 5/31/2023 Maturity, 2 | ||||||||
Interest rate | [16],[33] | 17% | 17% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [33] | $ 1,015 | $ 1,015 | |||||
All-in-Rate | [16],[33] | 17% | 17% | |||||
Principal amount | [21],[33] | $ 1,000 | $ 1,000 | |||||
Investment, Identifier [Axis]: Hudson Hospital Opco, LLC, Senior Secured First Lien Debt, 11/4/2024 Maturity | ||||||||
Interest rate basis spread on variable rate | [18],[19],[20],[22] | 8% | ||||||
Interest rate, floor | [18],[19],[20],[22] | 3% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [18],[20],[22] | $ 1,673 | ||||||
Fair Value, Ending Balance | [18],[20],[22] | $ 1,673 | ||||||
Principal amount | [18],[20],[22] | $ 1,700 | ||||||
Investment, Identifier [Axis]: Hudson Hospital Opco, LLC., Senior Secured First Lien Debt, 11/4/2023 Maturity | ||||||||
Interest rate basis spread on variable rate | [15],[16],[24],[43] | 8% | 8% | |||||
Interest rate, floor | [15],[16],[24],[43] | 3% | 3% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [15],[24],[43] | $ 2,169 | $ 2,169 | |||||
Principal amount | [15],[21],[24],[43] | $ 2,186 | 2,186 | |||||
Investment, Identifier [Axis]: ICA Foam Holdings, LLC, Senior Secured First Lien Debt, 11/5/2025 Maturity, 2 | ||||||||
Interest rate basis spread on variable rate | [19],[20],[22] | 6.75% | ||||||
Interest rate, floor | [19],[20],[22] | 1% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [20],[22] | $ 19,551 | ||||||
Fair Value, Ending Balance | [20],[22] | $ 19,551 | ||||||
Principal amount | [20],[22] | $ 19,950 | ||||||
Investment, Identifier [Axis]: ICA Foam Holdings, LLC., Senior Secured First Lien Debt, 11/5/2025 Maturity | ||||||||
Interest rate basis spread on variable rate | [16],[17],[24] | 7.25% | 7.25% | |||||
Interest rate, floor | [16],[17],[24] | 1% | 1% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [17],[24] | $ 19,453 | $ 19,453 | |||||
Principal amount | [17],[21],[24] | $ 19,850 | 19,850 | |||||
Investment, Identifier [Axis]: IJKG Opco LLC, Senior Secured First Lien Debt, 11/4/2023 Maturity, 2 | ||||||||
Interest rate basis spread on variable rate | [18],[19],[20],[22] | 8% | ||||||
Interest rate, floor | [18],[19],[20],[22] | 3% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [18],[20],[22] | $ 718 | ||||||
Fair Value, Ending Balance | [18],[20],[22] | $ 718 | ||||||
Principal amount | [18],[20],[22] | $ 729 | ||||||
Investment, Identifier [Axis]: IJKG Opco LLC., Senior Secured First Lien Debt, 11/4/2023 Maturity | ||||||||
Interest rate basis spread on variable rate | [15],[16],[24],[43] | 8% | 8% | |||||
Interest rate, floor | [15],[16],[24],[43] | 3% | 3% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [15],[24],[43] | $ 1,446 | $ 1,446 | |||||
Principal amount | [15],[21],[24],[43] | $ 1,457 | $ 1,457 | |||||
Investment, Identifier [Axis]: INW Manufacturing, LLC., Senior Secured First Lien Debt, 3/25/2027 Maturity | ||||||||
Interest rate basis spread on variable rate | 5.75% | [15],[16],[34] | 5.75% | [15],[16],[34] | 5.75% | [18],[19],[23] | ||
Interest rate, floor | 0.75% | [15],[16],[34] | 0.75% | [15],[16],[34] | 0.75% | [18],[19],[23] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [18],[23] | $ 17,766 | ||||||
Fair Value, Ending Balance | $ 16,813 | [15],[34] | 16,813 | [15],[34] | $ 17,766 | [18],[23] | ||
Principal amount | 18,250 | [15],[21],[34] | 18,250 | [15],[21],[34] | 18,750 | [18],[23] | ||
Investment, Identifier [Axis]: IPP Buyer Holdings, LLC | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 0 | |||||||
Gross Additions Cost | 10,740 | |||||||
Gross Reductions Cost | 0 | |||||||
Net Unrealized Gain (Loss) | 993 | |||||||
Fair Value, Ending Balance | 11,733 | 11,733 | $ 0 | |||||
Net Realized Gain (Loss) | 0 | |||||||
Interest Income | 0 | |||||||
Dividend Income | 0 | |||||||
Fee income | 0 | |||||||
Investment, Identifier [Axis]: IPP Buyer Holdings, LLC., Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [31],[32] | $ 11,733 | 11,733 | |||||
Investment, Identifier [Axis]: Independent Pet Partners Intermediate Holdings, LLC 4, Senior Secured First Lien Debt | ||||||||
Interest rate | 14.42% | |||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Cash | 0% | |||||||
PIK | 14.42% | |||||||
All-in-Rate | 14.42% | |||||||
Investment, Identifier [Axis]: Independent Pet Partners Intermediate Holdings, LLC, 1, Senior Secured First Lien Debt | ||||||||
Interest rate | 6% | |||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Cash | 0% | |||||||
PIK | 6% | |||||||
All-in-Rate | 6% | |||||||
Investment, Identifier [Axis]: Independent Pet Partners Intermediate Holdings, LLC, 2, Senior Secured First Lien Debt | ||||||||
Interest rate | 13% | |||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Cash | 0% | |||||||
PIK | 13% | |||||||
All-in-Rate | 13% | |||||||
Investment, Identifier [Axis]: Independent Pet Partners Intermediate Holdings, LLC, 3, Senior Secured First Lien Debt | ||||||||
Interest rate | 11.26% | |||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Cash | 0% | |||||||
PIK | 11.26% | |||||||
All-in-Rate | 11.26% | |||||||
Investment, Identifier [Axis]: Independent Pet Partners Intermediate Holdings, LLC, Class A Preferred Units., Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [30] | 60 | ||||||
Fair Value, Ending Balance | [30] | $ 60 | ||||||
Investment, Identifier [Axis]: Independent Pet Partners Intermediate Holdings, LLC, Class B-2 Preferred Units., Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[30] | 3,238 | ||||||
Fair Value, Ending Balance | [22],[30] | 3,238 | ||||||
Investment, Identifier [Axis]: Independent Pet Partners Intermediate Holdings, LLC, Class C Preferred Units., Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[30] | 2,238 | ||||||
Fair Value, Ending Balance | [22],[30] | 2,238 | ||||||
Investment, Identifier [Axis]: Independent Pet Partners Intermediate Holdings, LLC, Warrants., Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [30] | 0 | ||||||
Fair Value, Ending Balance | [30] | $ 0 | ||||||
Investment, Identifier [Axis]: Independent Pet Partners Intermediate Holdings, LLC., Senior Secured First Lien Debt, 11/20/2023 Maturity, 1 | ||||||||
Interest rate | [19],[35] | 6% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [35] | 10,169 | ||||||
Fair Value, Ending Balance | [35] | $ 10,169 | ||||||
All-in-Rate | [19],[35] | 6% | ||||||
Principal amount | [35] | $ 10,934 | ||||||
Investment, Identifier [Axis]: Independent Pet Partners Intermediate Holdings, LLC., Senior Secured First Lien Debt, 2/27/2023 Maturity, 2 | ||||||||
Interest rate basis spread on variable rate | [19],[35] | 5.50% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [35] | 2,216 | ||||||
Fair Value, Ending Balance | [35] | $ 2,216 | ||||||
Principal amount | [35] | $ 2,238 | ||||||
Investment, Identifier [Axis]: Independent Pet Partners Intermediate Holdings, LLC., Senior Secured First Lien Debt, 2/27/2023 Maturity, 3 | ||||||||
Interest rate basis spread on variable rate | [19],[23],[35] | 6.50% | ||||||
Interest rate, floor | [19],[23],[35] | 0% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [23],[35] | 278 | ||||||
Fair Value, Ending Balance | [23],[35] | $ 278 | ||||||
Principal amount | [23],[35] | $ 281 | ||||||
Investment, Identifier [Axis]: Independent Pet Partners Intermediate Holdings, LLC., Senior Secured First Lien Debt, 2/27/2023 Maturity, 4 | ||||||||
Interest rate basis spread on variable rate | [19],[20],[35] | 10% | ||||||
Interest rate, floor | [19],[20],[35] | 1% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [20],[35] | 473 | ||||||
Fair Value, Ending Balance | [20],[35] | $ 473 | ||||||
Principal amount | [20],[35] | $ 473 | ||||||
Investment, Identifier [Axis]: Infogroup Inc., Senior Secured First Lien Debt, 4/3/2023 Maturity | ||||||||
Interest rate basis spread on variable rate | [18],[19],[22],[23] | 5% | ||||||
Interest rate, floor | [18],[19],[22],[23] | 1% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [18],[22],[23] | $ 15,270 | ||||||
Fair Value, Ending Balance | [18],[22],[23] | $ 15,270 | ||||||
Principal amount | [18],[22],[23] | $ 15,270 | ||||||
Investment, Identifier [Axis]: Inotiv, Inc., Senior Secured First Lien Debt, 11/5/2026 Maturity | ||||||||
Interest rate basis spread on variable rate | [16],[24],[38] | 6.75% | 6.75% | |||||
Interest rate, floor | [16],[24],[38] | 1% | 1% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [24],[38] | $ 15,793 | $ 15,793 | |||||
Principal amount | [21],[24],[38] | 16,365 | 16,365 | |||||
Investment, Identifier [Axis]: Inotiv, Inc., Senior Secured First Lien Debt, 11/5/2026 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | [19],[22],[23] | 6.25% | ||||||
Interest rate, floor | [19],[22],[23] | 1% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[23] | 15,738 | ||||||
Fair Value, Ending Balance | [22],[23] | $ 15,738 | ||||||
Principal amount | [22],[23] | 16,351 | ||||||
Investment, Identifier [Axis]: Instant Web Holdings, LLC, Class A Common Units, Non-Controlled, Affiliated Investments | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 0 | 0 | 0 | |||||
Gross Additions Cost | 0 | [3] | 0 | [4] | ||||
Gross Reductions Cost | 0 | [5] | 0 | [6] | ||||
Net Unrealized Gain (Loss) | 0 | 0 | ||||||
Fair Value, Ending Balance | 0 | 0 | 0 | |||||
Net Realized Gain (Loss) | 0 | 0 | ||||||
Interest Income | 0 | [7] | 0 | [8] | ||||
Dividend Income | 0 | 0 | ||||||
Fee income | 0 | |||||||
Investment, Identifier [Axis]: Instant Web Holdings, LLC, Class A Common Units., Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [29],[30] | 0 | ||||||
Fair Value, Ending Balance | 0 | [31],[32] | 0 | [31],[32] | 0 | [29],[30] | ||
Investment, Identifier [Axis]: Instant Web, LLC, First Lien Delayed Draw Term Loan, Non-Controlled, Affiliated Investments | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 0 | 0 | 0 | |||||
Gross Additions Cost | 0 | [3] | 0 | [4] | ||||
Gross Reductions Cost | 0 | [5] | 0 | [6] | ||||
Net Unrealized Gain (Loss) | (89) | 0 | ||||||
Fair Value, Ending Balance | (89) | (89) | 0 | |||||
Net Realized Gain (Loss) | 0 | 0 | ||||||
Interest Income | 8 | [7] | 14 | [8] | ||||
Dividend Income | 0 | 0 | ||||||
Fee income | 0 | |||||||
Investment, Identifier [Axis]: Instant Web, LLC, First Lien Term Loan, Non-Controlled, Affiliated Investments | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 28,167 | 0 | 0 | |||||
Gross Additions Cost | 2,447 | [3] | 39,802 | [4] | ||||
Gross Reductions Cost | 0 | [5] | 0 | [6] | ||||
Net Unrealized Gain (Loss) | (5,265) | (11,635) | ||||||
Fair Value, Ending Balance | 25,349 | 25,349 | 28,167 | |||||
Net Realized Gain (Loss) | 0 | 0 | ||||||
Interest Income | 2,436 | [7] | 3,314 | [8] | ||||
Dividend Income | 0 | 0 | ||||||
Fee income | 0 | |||||||
Investment, Identifier [Axis]: Instant Web, LLC, Priming Term Loan, Non-Controlled, Affiliated Investments | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 469 | 0 | 0 | |||||
Gross Additions Cost | 10 | [3] | 458 | [4] | ||||
Gross Reductions Cost | 0 | [5] | 0 | [6] | ||||
Net Unrealized Gain (Loss) | 0 | 11 | ||||||
Fair Value, Ending Balance | $ 479 | 479 | 469 | |||||
Net Realized Gain (Loss) | 0 | 0 | ||||||
Interest Income | 27 | [7] | 36 | [8] | ||||
Dividend Income | 0 | 0 | ||||||
Fee income | $ 0 | |||||||
Investment, Identifier [Axis]: Instant Web, LLC, Revolver | ||||||||
Interest rate | 11.77% | 11.77% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Cash | 0% | 0% | ||||||
PIK | 11.77% | 11.77% | ||||||
All-in-Rate | 11.77% | 11.77% | ||||||
Investment, Identifier [Axis]: Instant Web, LLC, Revolving Loan, Non-Controlled, Affiliated Investments | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ 321 | 0 | 0 | |||||
Gross Additions Cost | 2,093 | [3] | 970 | [4] | ||||
Gross Reductions Cost | 0 | [5] | (649) | [6] | ||||
Net Unrealized Gain (Loss) | (75) | 0 | ||||||
Fair Value, Ending Balance | $ 2,339 | 2,339 | 321 | |||||
Net Realized Gain (Loss) | 0 | 0 | ||||||
Interest Income | 78 | [7] | 26 | [8] | ||||
Dividend Income | 0 | $ 0 | ||||||
Fee income | $ 0 | |||||||
Investment, Identifier [Axis]: Instant Web, LLC, Senior Secured First Lien Debt | ||||||||
Interest rate | 11.38% | |||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Cash | 0% | |||||||
PIK | 11.38% | |||||||
All-in-Rate | 11.38% | |||||||
Investment, Identifier [Axis]: Instant Web, LLC, Senior Secured First Lien Debt 1 | ||||||||
Interest rate | 12.22% | 12.22% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Cash | 0% | 0% | ||||||
PIK | 12.22% | 12.22% | ||||||
All-in-Rate | 12.22% | 12.22% | ||||||
Investment, Identifier [Axis]: Instant Web, LLC, Senior Secured First Lien Debt 2 | ||||||||
Interest rate | 12% | 12% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Cash | 0% | 0% | ||||||
PIK | 12% | 12% | ||||||
All-in-Rate | 12% | 12% | ||||||
Investment, Identifier [Axis]: Instant Web, LLC., Senior Secured First Lien Debt, 2/25/2027 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | 7% | [16],[31],[33],[43] | 7% | [16],[31],[33],[43] | 7% | [18],[19],[22],[29],[35],[37] | ||
Interest rate, floor | 1% | [16],[31],[33],[43] | 1% | [16],[31],[33],[43] | 1% | [18],[19],[22],[29],[35],[37] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [18],[22],[29],[35],[37] | $ 28,167 | ||||||
Fair Value, Ending Balance | $ 25,349 | [31],[33],[43] | 25,349 | [31],[33],[43] | $ 28,167 | [18],[22],[29],[35],[37] | ||
Principal amount | $ 42,249 | [21],[31],[33],[43] | $ 42,249 | [21],[31],[33],[43] | $ 39,812 | [18],[22],[29],[35],[37] | ||
Investment, Identifier [Axis]: Instant Web, LLC., Senior Secured First Lien Debt, 2/25/2027 Maturity, 2 | ||||||||
Interest rate basis spread on variable rate | 6.50% | [16],[31],[33],[43] | 6.50% | [16],[31],[33],[43] | 3.75% | [19],[29] | ||
Interest rate, floor | [16],[31],[33],[43] | 1% | 1% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [29] | $ 469 | ||||||
Fair Value, Ending Balance | $ 2,348 | [31],[33],[43] | 2,348 | [31],[33],[43] | $ 469 | [29] | ||
Principal amount | $ 2,414 | [21],[31],[33],[43] | $ 2,414 | [21],[31],[33],[43] | $ 458 | [29] | ||
Investment, Identifier [Axis]: Instant Web, LLC., Senior Secured First Lien Debt, 2/25/2027 Maturity, 3 | ||||||||
Interest rate basis spread on variable rate | 3.75% | [16],[31],[33] | 3.75% | [16],[31],[33] | 6.50% | [19],[23],[29] | ||
Interest rate, floor | [19],[23],[29] | 1% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [23],[29] | $ 321 | ||||||
Fair Value, Ending Balance | $ 479 | [31],[33] | 479 | [31],[33] | $ 321 | [23],[29] | ||
Principal amount | $ 467 | [21],[31],[33] | $ 467 | [21],[31],[33] | $ 321 | [23],[29] | ||
Investment, Identifier [Axis]: Instant Web, LLC., Senior Secured First Lien Debt, 2/25/2027 Maturity, 4 | ||||||||
Interest rate, unfunded | 0.50% | [16],[31] | 0.50% | [16],[31] | 0.50% | [19],[29] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [29] | $ 0 | ||||||
Fair Value, Ending Balance | $ (9) | [31] | (9) | [31] | $ 0 | [29] | ||
Principal amount | 328 | [21],[31] | 328 | [21],[31] | $ 2,383 | [29] | ||
Investment, Identifier [Axis]: Instant Web, LLC., Senior Secured First Lien Debt, 2/25/2027 Maturity, 5 | ||||||||
Interest rate, unfunded | [19],[29] | 0.50% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [29] | 0 | ||||||
Fair Value, Ending Balance | (89) | [31] | (89) | [31] | $ 0 | [29] | ||
Principal amount | $ 3,246 | [21],[31] | $ 3,246 | [21],[31] | $ 3,246 | [29] | ||
Investment, Identifier [Axis]: Invincible Boat Company LLC., Senior Secured First Lien Debt, 8/28/2025 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | 6.50% | [16],[24],[34] | 6.50% | [16],[24],[34] | 6.50% | [19],[22],[23] | ||
Interest rate, floor | 1.50% | [16],[24],[34] | 1.50% | [16],[24],[34] | 1.50% | [19],[22],[23] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[23] | $ 13,469 | ||||||
Fair Value, Ending Balance | $ 13,536 | [24],[34] | 13,536 | [24],[34] | $ 13,469 | [22],[23] | ||
Principal amount | $ 13,536 | [21],[24],[34] | $ 13,536 | [21],[24],[34] | $ 13,536 | [22],[23] | ||
Investment, Identifier [Axis]: Invincible Boat Company LLC., Senior Secured First Lien Debt, 8/28/2025 Maturity, 2 | ||||||||
Interest rate basis spread on variable rate | 6.50% | [16],[34] | 6.50% | [16],[34] | 6.50% | [19],[23] | ||
Interest rate, floor | 1.50% | [16],[34] | 1.50% | [16],[34] | 1.50% | [19],[23] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [23] | $ 238 | ||||||
Fair Value, Ending Balance | $ 479 | [34] | 479 | [34] | $ 238 | [23] | ||
Principal amount | $ 479 | [21],[34] | $ 479 | [21],[34] | $ 239 | [23] | ||
Investment, Identifier [Axis]: Invincible Boat Company LLC., Senior Secured First Lien Debt, 8/28/2025 Maturity, 3 | ||||||||
Interest rate, unfunded | 0.50% | [16] | 0.50% | [16] | 0.50% | [19] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ (3) | |||||||
Fair Value, Ending Balance | $ 0 | 0 | $ (3) | |||||
Principal amount | $ 319 | [21] | 319 | [21] | $ 559 | |||
Investment, Identifier [Axis]: Ironhorse Purchaser, LLC, Senior Secured First Lien Debt, 9/30/2027 Maturity 1 | ||||||||
Interest rate basis spread on variable rate | [18],[19],[20] | 6.50% | ||||||
Interest rate, floor | [18],[19],[20] | 1% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [18],[20] | 7,054 | ||||||
Fair Value, Ending Balance | [18],[20] | $ 7,054 | ||||||
Principal amount | [18],[20] | $ 7,125 | ||||||
Investment, Identifier [Axis]: Ironhorse Purchaser, LLC, Senior Secured First Lien Debt, 9/30/2027 Maturity 2 | ||||||||
Interest rate basis spread on variable rate | [19],[20] | 6.50% | ||||||
Interest rate, floor | [19],[20] | 1% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [20] | 384 | ||||||
Fair Value, Ending Balance | [20] | $ 384 | ||||||
Principal amount | [20] | $ 388 | ||||||
Investment, Identifier [Axis]: Ironhorse Purchaser, LLC, Senior Secured First Lien Debt, 9/30/2027 Maturity 3 | ||||||||
Interest rate, unfunded | [19] | 0.50% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | (4) | |||||||
Fair Value, Ending Balance | $ (4) | |||||||
Principal amount | $ 429 | |||||||
Investment, Identifier [Axis]: Ironhorse Purchaser, LLC, Senior Secured First Lien Debt, 9/30/2027 Maturity 4 | ||||||||
Interest rate, unfunded | [19] | 1% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ (20) | |||||||
Fair Value, Ending Balance | $ (20) | |||||||
Principal amount | 2,041 | |||||||
Investment, Identifier [Axis]: Ironhorse Purchaser, LLC., Senior Secured First Lien Debt, 9/30/2024 Maturity | ||||||||
Interest rate basis spread on variable rate | [16],[17] | 6.50% | 6.50% | |||||
Interest rate, floor | [16],[17] | 1% | 1% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [17] | $ 2,031 | $ 2,031 | |||||
Principal amount | [17],[21] | $ 2,031 | $ 2,031 | |||||
Investment, Identifier [Axis]: Ironhorse Purchaser, LLC., Senior Secured First Lien Debt, 9/30/2027 Maturity 1 | ||||||||
Interest rate basis spread on variable rate | [15],[16],[17] | 6.50% | 6.50% | |||||
Interest rate, floor | [15],[16],[17] | 1% | 1% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [15],[17] | $ 7,089 | $ 7,089 | |||||
Principal amount | [15],[17],[21] | $ 7,089 | $ 7,089 | |||||
Investment, Identifier [Axis]: Ironhorse Purchaser, LLC., Senior Secured First Lien Debt, 9/30/2027 Maturity 3 | ||||||||
Interest rate basis spread on variable rate | [16],[17] | 6.50% | 6.50% | |||||
Interest rate, floor | [16],[17] | 1% | 1% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [17] | $ 517 | $ 517 | |||||
Principal amount | [17],[21] | $ 517 | $ 517 | |||||
Investment, Identifier [Axis]: Ironhorse Purchaser, LLC., Senior Secured First Lien Debt, 9/30/2027 Maturity 4 | ||||||||
Interest rate basis spread on variable rate | [16] | 0.50% | 0.50% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | $ 0 | $ 0 | ||||||
Principal amount | [21] | 299 | 299 | |||||
Investment, Identifier [Axis]: Isagenix International, LLC, First Lien Term Loan | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 0 | |||||||
Gross Additions Cost | 8,237 | |||||||
Gross Reductions Cost | 0 | |||||||
Net Unrealized Gain (Loss) | 0 | |||||||
Fair Value, Ending Balance | $ 8,237 | 8,237 | $ 0 | |||||
Net Realized Gain (Loss) | 0 | |||||||
Interest Income | 189 | |||||||
Dividend Income | 0 | |||||||
Fee income | $ 477 | |||||||
Investment, Identifier [Axis]: Isagenix International, LLC., Senior Secured First Lien Debt, 4/14/2028 Maturity | ||||||||
Interest rate basis spread on variable rate | [16],[17],[31] | 5.50% | 5.50% | |||||
Interest rate, floor | [16],[17],[31] | 1% | 1% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [17],[31] | $ 8,237 | $ 8,237 | |||||
Principal amount | [17],[21],[31] | 8,237 | 8,237 | |||||
Investment, Identifier [Axis]: Isagenix International, LLC., Senior Secured First Lien Debt, 6/14/2025 Maturity | ||||||||
Interest rate basis spread on variable rate | [19],[22],[23] | 7.75% | ||||||
Interest rate, floor | [19],[22],[23] | 1% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[23] | 13,774 | ||||||
Fair Value, Ending Balance | [22],[23] | $ 13,774 | ||||||
Principal amount | [22],[23] | 16,229 | ||||||
Investment, Identifier [Axis]: Isagenix Worldwide, Inc. | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 0 | |||||||
Gross Additions Cost | 8,987 | |||||||
Gross Reductions Cost | 0 | |||||||
Net Unrealized Gain (Loss) | 0 | |||||||
Fair Value, Ending Balance | 8,987 | 8,987 | $ 0 | |||||
Net Realized Gain (Loss) | 0 | |||||||
Interest Income | 0 | |||||||
Dividend Income | 0 | |||||||
Fee income | 0 | |||||||
Investment, Identifier [Axis]: Isagenix Worldwide, Inc. Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [31],[32] | $ 8,987 | 8,987 | |||||
Investment, Identifier [Axis]: JP Intermediate B, LLC., Senior Secured First Lien Debt, 11/20/2025 Maturity | ||||||||
Interest rate basis spread on variable rate | [19],[22],[23] | 5.50% | ||||||
Interest rate, floor | [19],[22],[23] | 1% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[23] | $ 9,809 | ||||||
Fair Value, Ending Balance | [22],[23] | $ 9,809 | ||||||
Principal amount | [22],[23] | $ 13,438 | ||||||
Investment, Identifier [Axis]: JP Intermediate B, LLC., Senior Secured First Lien Debt, 11/20/2027 Maturity | ||||||||
Interest rate basis spread on variable rate | [16],[24],[34] | 5.50% | 5.50% | |||||
Interest rate, floor | [16],[24],[34] | 1% | 1% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [24],[34] | $ 10,091 | $ 10,091 | |||||
Principal amount | [21],[24],[34] | $ 12,979 | 12,979 | |||||
Investment, Identifier [Axis]: Jenny C Acquisition, Inc., Senior Secured First Lien Debt, 10/1/2024 Maturity | ||||||||
Interest rate basis spread on variable rate | [19],[23],[40] | 9% | ||||||
Interest rate, floor | [19],[23],[40] | 1.75% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [23],[40] | $ 9,241 | ||||||
Fair Value, Ending Balance | [23],[40] | $ 9,241 | ||||||
Principal amount | [23],[40] | $ 11,789 | ||||||
Investment, Identifier [Axis]: Jenny C Acquisition, Inc., Senior Secured First Lien Debt, 10/1/2024 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | [16],[34],[41] | 9% | 9% | |||||
Interest rate, floor | [16],[34],[41] | 1.75% | 1.75% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [34],[41] | $ 0 | $ 0 | |||||
Principal amount | [21],[34],[41] | $ 11,789 | $ 11,789 | |||||
Investment, Identifier [Axis]: Jenny C Acquisition, Inc., Senior Secured First Lien Debt, 10/1/2024 Maturity, 2 | ||||||||
Interest rate basis spread on variable rate | [16],[41],[43] | 9% | 9% | |||||
Interest rate, floor | [16],[41],[43] | 1.75% | 1.75% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [41],[43] | $ 131 | $ 131 | |||||
Principal amount | [21],[41],[43] | 534 | 534 | |||||
Investment, Identifier [Axis]: K&N Holdco, LLC, Membership Units, Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [32] | $ 6,880 | $ 6,880 | |||||
Investment, Identifier [Axis]: K&N Parent, Inc, Senior Secured First Lien Debt | ||||||||
Interest rate | 13.40% | 13.40% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Cash | 0% | 0% | ||||||
PIK | 13.40% | 13.40% | ||||||
All-in-Rate | 13.40% | 13.40% | ||||||
Investment, Identifier [Axis]: K&N Parent, Inc., Senior Secured First Lien Debt, 10/20/2023 Maturity 1 | ||||||||
Interest rate basis spread on variable rate | [19],[23] | 6.75% | ||||||
Interest rate, floor | [19],[23] | 1% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [23] | $ 12,435 | ||||||
Fair Value, Ending Balance | [23] | $ 12,435 | ||||||
Principal amount | [23] | $ 13,090 | ||||||
Investment, Identifier [Axis]: K&N Parent, Inc., Senior Secured First Lien Debt, 2/14/2027 Maturity, 2 | ||||||||
Interest rate basis spread on variable rate | [16],[24],[43] | 8% | 8% | |||||
Interest rate, floor | [16],[24],[43] | 1% | 1% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [24],[43] | $ 4,454 | $ 4,454 | |||||
Principal amount | [21],[24],[43] | $ 4,252 | 4,252 | |||||
Investment, Identifier [Axis]: K&N Parent, Inc., Senior Secured First Lien Debt, 2/15/2023 Maturity 2 | ||||||||
Interest rate basis spread on variable rate | [19],[20] | 8% | ||||||
Interest rate, floor | [19],[20] | 1% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [20] | $ 1,220 | ||||||
Fair Value, Ending Balance | [20] | $ 1,220 | ||||||
Principal amount | [20] | $ 1,200 | ||||||
Investment, Identifier [Axis]: K&N Parent, Inc., Senior Secured First Lien Debt, 8/14/2027 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | [16],[33],[43] | 5.25% | 5.25% | |||||
Interest rate, floor | [16],[33],[43] | 1% | 1% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [33],[43] | $ 5,427 | $ 5,427 | |||||
Principal amount | [21],[33],[43] | $ 5,441 | $ 5,441 | |||||
Investment, Identifier [Axis]: KNB Holdings Corp., Senior Secured First Lien Debt, 4/26/2024 Maturity | ||||||||
Interest rate basis spread on variable rate | 5.50% | [16],[24],[41],[53] | 5.50% | [16],[24],[41],[53] | 5.50% | [18],[19],[22],[39],[40] | ||
Interest rate, floor | 1% | [16],[24],[41],[53] | 1% | [16],[24],[41],[53] | 1% | [18],[19],[22],[39],[40] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [18],[22],[39],[40] | $ 3,321 | ||||||
Fair Value, Ending Balance | $ 305 | [24],[41],[53] | 305 | [24],[41],[53] | $ 3,321 | [18],[22],[39],[40] | ||
Principal amount | $ 7,634 | [21],[24],[41],[53] | $ 7,634 | [21],[24],[41],[53] | $ 7,634 | [18],[22],[39],[40] | ||
Investment, Identifier [Axis]: Klein Hersh , LLC, Senior Secured First Lien Debt | ||||||||
Interest rate | 16.90% | 16.90% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Cash | 4.90% | 4.90% | ||||||
PIK | 12% | 12% | ||||||
All-in-Rate | 16.90% | 16.90% | ||||||
Investment, Identifier [Axis]: Klein Hersh, LLC., Senior Secured First Lien Debt, 4/27/2027 Maturity | ||||||||
Interest rate basis spread on variable rate | 11.30% | [16],[24],[33],[43] | 11.30% | [16],[24],[33],[43] | 8.52% | [19],[22],[42] | ||
Interest rate, floor | 0.50% | [16],[24],[33],[43] | 0.50% | [16],[24],[33],[43] | 0.50% | [19],[22],[42] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[42] | $ 19,667 | ||||||
Fair Value, Ending Balance | $ 20,730 | [24],[33],[43] | 20,730 | [24],[33],[43] | $ 19,667 | [22],[42] | ||
Principal amount | $ 20,782 | [21],[24],[33],[43] | $ 20,782 | [21],[24],[33],[43] | $ 19,766 | [22],[42] | ||
Investment, Identifier [Axis]: LAV Gear Holdings, Inc., Senior Secured First Lien Debt, 10/31/2024 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | 6.28% | [15],[16],[17],[24] | 6.28% | [15],[16],[17],[24] | 5.50% | [18],[19],[20],[22] | ||
Interest rate, floor | 1% | [15],[16],[17],[24] | 1% | [15],[16],[17],[24] | 1% | [18],[19],[20],[22] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [18],[20],[22] | $ 27,366 | ||||||
Fair Value, Ending Balance | $ 27,662 | [15],[17],[24] | 27,662 | [15],[17],[24] | $ 27,366 | [18],[20],[22] | ||
Principal amount | $ 27,722 | [15],[17],[21],[24] | $ 27,722 | [15],[17],[21],[24] | $ 27,854 | [18],[20],[22] | ||
Investment, Identifier [Axis]: LAV Gear Holdings, Inc., Senior Secured First Lien Debt, 10/31/2024 Maturity, 2 | ||||||||
Interest rate basis spread on variable rate | 6.28% | [15],[16],[17],[24] | 6.28% | [15],[16],[17],[24] | 5.50% | [18],[19],[20],[22] | ||
Interest rate, floor | 1% | [15],[16],[17],[24] | 1% | [15],[16],[17],[24] | 1% | [18],[19],[20],[22] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [18],[20],[22] | $ 4,489 | ||||||
Fair Value, Ending Balance | $ 4,542 | [15],[17],[24] | 4,542 | [15],[17],[24] | $ 4,489 | [18],[20],[22] | ||
Principal amount | $ 4,548 | [15],[17],[21],[24] | $ 4,548 | [15],[17],[21],[24] | $ 4,569 | [18],[20],[22] | ||
Investment, Identifier [Axis]: LGC US Finco, LLC., Senior Secured First Lien Debt, 12/20/2025 Maturity | ||||||||
Interest rate basis spread on variable rate | 6.50% | [16],[24],[36] | 6.50% | [16],[24],[36] | 6.50% | [19],[22],[37] | ||
Interest rate, floor | 1% | [16],[24],[36] | 1% | [16],[24],[36] | 1% | [19],[22],[37] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[37] | $ 11,184 | ||||||
Fair Value, Ending Balance | $ 11,348 | [24],[36] | 11,348 | [24],[36] | $ 11,184 | [22],[37] | ||
Principal amount | 11,348 | [21],[24],[36] | 11,348 | [21],[24],[36] | 11,515 | [22],[37] | ||
Investment, Identifier [Axis]: Language Education Holdings GP LLC, Common Units, Non-Controlled, Affiliated Investments | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 0 | 0 | 0 | |||||
Gross Additions Cost | [4] | 0 | ||||||
Gross Reductions Cost | [6] | 0 | ||||||
Net Unrealized Gain (Loss) | 0 | |||||||
Fair Value, Ending Balance | 0 | |||||||
Net Realized Gain (Loss) | 0 | |||||||
Interest Income | [8] | 0 | ||||||
Dividend Income | 0 | |||||||
Investment, Identifier [Axis]: Language Education Holdings GP LLC, Common Units., Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [29],[30] | 0 | ||||||
Fair Value, Ending Balance | 0 | [32] | 0 | [32] | 0 | [29],[30] | ||
Investment, Identifier [Axis]: Language Education Holdings LP, Ordinary Common Units, Non-Controlled, Affiliated Investments | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 0 | 0 | 0 | |||||
Gross Additions Cost | [4] | 1,125 | ||||||
Gross Reductions Cost | [6] | (1,125) | ||||||
Net Unrealized Gain (Loss) | 0 | |||||||
Fair Value, Ending Balance | 0 | |||||||
Net Realized Gain (Loss) | 0 | |||||||
Interest Income | [8] | 0 | ||||||
Dividend Income | 0 | |||||||
Investment, Identifier [Axis]: Language Education Holdings LP, Ordinary Common Units., Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [29],[30] | 1,173 | ||||||
Fair Value, Ending Balance | $ 1,360 | [32] | 1,360 | [32] | $ 1,173 | [29],[30] | ||
Investment, Identifier [Axis]: LaserAway Intermediate Holdings II, LLC., Senior Secured First Lien Debt, 10/12/2027 Maturity | ||||||||
Interest rate basis spread on variable rate | [19],[22],[23] | 5.75% | ||||||
Interest rate, floor | [19],[22],[23] | 0.75% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[23] | $ 3,316 | ||||||
Fair Value, Ending Balance | [22],[23] | $ 3,316 | ||||||
Principal amount | [22],[23] | $ 3,375 | ||||||
Investment, Identifier [Axis]: Lift Brands, Inc., Senior Secured First Lien Debt | ||||||||
Interest rate | 9.50% | 9.50% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Cash | 0% | 0% | ||||||
PIK | 9.50% | 9.50% | ||||||
All-in-Rate | 9.50% | 9.50% | ||||||
Investment, Identifier [Axis]: Lift Brands, Inc., Senior Secured First Lien Debt, 6/29/2025 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | 7.50% | [15],[16],[24],[31],[43] | 7.50% | [15],[16],[24],[31],[43] | 7.50% | [18],[19],[22],[29],[37] | ||
Interest rate, floor | 1% | [15],[16],[24],[31],[43] | 1% | [15],[16],[24],[31],[43] | 1% | [18],[19],[22],[29],[37] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [18],[22],[29],[37] | $ 23,287 | ||||||
Fair Value, Ending Balance | $ 23,169 | [15],[24],[31],[43] | 23,169 | [15],[24],[31],[43] | $ 23,287 | [18],[22],[29],[37] | ||
Principal amount | $ 23,169 | [15],[21],[24],[31],[43] | $ 23,169 | [15],[21],[24],[31],[43] | $ 23,287 | [18],[22],[29],[37] | ||
Investment, Identifier [Axis]: Lift Brands, Inc., Senior Secured First Lien Debt, 6/29/2025 Maturity, 2 | ||||||||
Interest rate | 9.50% | [15],[16],[24],[31],[33] | 9.50% | [15],[16],[24],[31],[33] | 9.50% | [18],[19],[22],[29] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [18],[22],[29] | $ 5,154 | ||||||
Fair Value, Ending Balance | $ 5,430 | [15],[24],[31],[33] | $ 5,430 | [15],[24],[31],[33] | $ 5,154 | [18],[22],[29] | ||
All-in-Rate | 9.50% | [15],[16],[24],[31],[33] | 9.50% | [15],[16],[24],[31],[33] | 9.50% | [18],[19],[22],[29] | ||
Principal amount | $ 5,777 | [15],[21],[24],[31],[33] | $ 5,777 | [15],[21],[24],[31],[33] | $ 5,556 | [18],[22],[29] | ||
Investment, Identifier [Axis]: Lift Brands, Inc., Senior Secured First Lien Debt, 6/29/2025 Maturity, 3 | ||||||||
Interest rate | [15],[16],[24],[31],[33] | 9.50% | 9.50% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [18],[22],[29],[54] | $ 4,732 | ||||||
Fair Value, Ending Balance | $ 6,016 | [15],[24],[31],[33] | $ 6,016 | [15],[24],[31],[33] | 4,732 | [18],[22],[29],[54] | ||
All-in-Rate | [15],[16],[24],[31],[33] | 9.50% | 9.50% | |||||
Principal amount | $ 6,602 | [15],[21],[24],[31],[33] | $ 6,602 | [15],[21],[24],[31],[33] | 5,296 | [18],[22],[29],[54] | ||
Investment, Identifier [Axis]: Lift Brands, Inc., Term Loan A, Non-Controlled, Affiliated Investments | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 23,287 | 23,406 | 23,406 | |||||
Gross Additions Cost | 0 | [3] | 0 | [4] | ||||
Gross Reductions Cost | (118) | [5] | (236) | [6] | ||||
Net Unrealized Gain (Loss) | 0 | 117 | ||||||
Fair Value, Ending Balance | 23,169 | 23,169 | 23,287 | |||||
Net Realized Gain (Loss) | 0 | 0 | ||||||
Interest Income | 1,440 | [7] | 2,252 | [8] | ||||
Dividend Income | 0 | 0 | ||||||
Fee income | 29 | |||||||
Investment, Identifier [Axis]: Lift Brands, Inc., Term Loan B, Non-Controlled, Affiliated Investments | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 5,154 | 5,156 | 5,156 | |||||
Gross Additions Cost | 234 | [3] | 235 | [4] | ||||
Gross Reductions Cost | 0 | [5] | 0 | [6] | ||||
Net Unrealized Gain (Loss) | 42 | (237) | ||||||
Fair Value, Ending Balance | 5,430 | 5,430 | 5,154 | |||||
Net Realized Gain (Loss) | 0 | 0 | ||||||
Interest Income | 280 | [7] | 545 | [8] | ||||
Dividend Income | 0 | 0 | ||||||
Fee income | 0 | |||||||
Investment, Identifier [Axis]: Lift Brands, Inc., Term Loan C, Non-Controlled, Affiliated Investments | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 4,732 | 4,700 | 4,700 | |||||
Gross Additions Cost | 1,335 | [3] | 133 | [4] | ||||
Gross Reductions Cost | 0 | [5] | 0 | [6] | ||||
Net Unrealized Gain (Loss) | (51) | (101) | ||||||
Fair Value, Ending Balance | 6,016 | 6,016 | 4,732 | |||||
Net Realized Gain (Loss) | 0 | 0 | ||||||
Interest Income | 348 | [7] | 1,412 | [8] | ||||
Dividend Income | 0 | 0 | ||||||
Fee income | 1,891 | |||||||
Investment, Identifier [Axis]: Longview Intermediate Holdings C, LLC, Membership Units, Non-Controlled, Affiliated Investments | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 23,995 | 15,127 | 15,127 | |||||
Gross Additions Cost | 0 | [3] | 0 | [4] | ||||
Gross Reductions Cost | 0 | [5] | 0 | [6] | ||||
Net Unrealized Gain (Loss) | (2,315) | 8,868 | ||||||
Fair Value, Ending Balance | 21,680 | 21,680 | 23,995 | |||||
Net Realized Gain (Loss) | 0 | 0 | ||||||
Interest Income | 0 | [7] | 0 | [8] | ||||
Dividend Income | 3,881 | 0 | ||||||
Fee income | 0 | |||||||
Investment, Identifier [Axis]: Longview Intermediate Holdings C, LLC, Membership Units., Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [29],[30] | 23,995 | ||||||
Fair Value, Ending Balance | 21,680 | [31] | 21,680 | [31] | 23,995 | [29],[30] | ||
Investment, Identifier [Axis]: Longview Power, LLC, First Lien Term Loan, Non-Controlled, Affiliated Investments | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 2,348 | 4,504 | 4,504 | |||||
Gross Additions Cost | 0 | [3] | 156 | [4] | ||||
Gross Reductions Cost | (1,389) | [5] | (1,391) | [6] | ||||
Net Unrealized Gain (Loss) | (959) | (921) | ||||||
Fair Value, Ending Balance | $ 0 | 0 | 2,348 | |||||
Net Realized Gain (Loss) | 0 | 0 | ||||||
Interest Income | 1,306 | [7] | 1,952 | [8] | ||||
Dividend Income | 0 | $ 0 | ||||||
Fee income | 0 | |||||||
Investment, Identifier [Axis]: Longview Power, LLC., Senior Secured First Lien Debt, 7/30/2025 Maturity | ||||||||
Interest rate basis spread on variable rate | [19],[23],[29] | 10% | ||||||
Interest rate, floor | [19],[23],[29] | 1.50% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [23],[29] | $ 2,348 | ||||||
Fair Value, Ending Balance | [23],[29] | $ 2,348 | ||||||
Principal amount | [23],[29] | $ 2,073 | ||||||
Investment, Identifier [Axis]: Lucky Bucks Holdings LLC, Unsecured Note | ||||||||
Interest rate | 12.50% | 12.50% | 12.50% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Cash | 0% | 0% | 0% | |||||
PIK | 12.50% | 12.50% | 12.50% | |||||
All-in-Rate | 12.50% | 12.50% | 12.50% | |||||
Investment, Identifier [Axis]: Lucky Bucks Holdings LLC., Unsecured Debt, 5/29/2028 Maturity | ||||||||
Interest rate | 12.50% | [16],[33],[41] | 12.50% | [16],[33],[41] | 12.50% | [35] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [35] | $ 15,316 | ||||||
Fair Value, Ending Balance | $ 4,375 | [33],[41] | $ 4,375 | [33],[41] | $ 15,316 | [35] | ||
All-in-Rate | 12.50% | [16],[33],[41] | 12.50% | [16],[33],[41] | 12.50% | [35] | ||
Principal amount | $ 24,307 | [21],[33],[41] | $ 24,307 | [21],[33],[41] | $ 22,860 | [35] | ||
Investment, Identifier [Axis]: Lucky Bucks Holdings LLC., Unsecured Debt, 7/30/2027 Maturity | ||||||||
Interest rate basis spread on variable rate | [16],[36],[55] | 7.50% | 7.50% | |||||
Interest rate, floor | [16],[36],[55] | 0.75% | 0.75% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [36],[55] | $ 5,513 | $ 5,513 | |||||
Principal amount | [21],[36],[55] | $ 10,500 | $ 10,500 | |||||
Investment, Identifier [Axis]: MacNeill Pride Group Corp., Senior Secured First Lien Debt, 4/22/2026 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | 6.50% | [16],[17],[24] | 6.50% | [16],[17],[24] | 6.25% | [19],[20],[22] | ||
Interest rate, floor | 1% | [16],[17],[24] | 1% | [16],[17],[24] | 1% | [19],[20],[22] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [20],[22] | $ 17,448 | ||||||
Fair Value, Ending Balance | $ 17,626 | [17],[24] | 17,626 | [17],[24] | $ 17,448 | [20],[22] | ||
Principal amount | $ 17,714 | [17],[21],[24] | $ 17,714 | [17],[21],[24] | $ 17,804 | [20],[22] | ||
Investment, Identifier [Axis]: MacNeill Pride Group Corp., Senior Secured First Lien Debt, 4/22/2026 Maturity, 2 | ||||||||
Interest rate basis spread on variable rate | 6.50% | [16],[17],[24] | 6.50% | [16],[17],[24] | 6.25% | [19],[20],[22] | ||
Interest rate, floor | 1% | [16],[17],[24] | 1% | [16],[17],[24] | 1% | [19],[20],[22] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [20],[22] | $ 7,751 | ||||||
Fair Value, Ending Balance | $ 6,506 | [17],[24] | 6,506 | [17],[24] | $ 7,751 | [20],[22] | ||
Principal amount | $ 6,539 | [17],[21],[24] | $ 6,539 | [17],[21],[24] | $ 7,910 | [20],[22] | ||
Investment, Identifier [Axis]: MacNeill Pride Group Corp., Senior Secured First Lien Debt, 4/30/2024 Maturity | ||||||||
Interest rate, unfunded | [16] | 1% | 1% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | $ (10) | $ (10) | ||||||
Principal amount | [21] | $ 2,017 | 2,017 | |||||
Investment, Identifier [Axis]: MacNeill Pride Group Corp., Senior Secured First Lien Debt, 4/30/2024 Maturity, 3 | ||||||||
Interest rate, unfunded | [19] | 1% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ (40) | |||||||
Fair Value, Ending Balance | $ (40) | |||||||
Principal amount | $ 2,017 | |||||||
Investment, Identifier [Axis]: Manus Bio Inc., Senior Secured First Lien Debt, 8/20/2026 Maturity | ||||||||
Interest rate | 13% | [16] | 13% | [16] | 11% | [19] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ 14,212 | |||||||
Fair Value, Ending Balance | $ 13,081 | $ 13,081 | $ 14,212 | |||||
All-in-Rate | 13% | [16] | 13% | [16] | 11% | [19] | ||
Principal amount | $ 13,081 | [21] | $ 13,081 | [21] | $ 14,213 | |||
Investment, Identifier [Axis]: Marble Point Credit Management LLC., Senior Secured First Lien Debt, 8/11/2028 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | [19],[23] | 6% | ||||||
Interest rate, unfunded | [19],[23] | 1% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [23] | 6,089 | ||||||
Fair Value, Ending Balance | [23] | $ 6,089 | ||||||
Principal amount | [23] | $ 6,089 | ||||||
Investment, Identifier [Axis]: Marble Point Credit Management LLC., Senior Secured First Lien Debt, 8/11/2028 Maturity, 2 | ||||||||
Interest rate basis spread on variable rate | [19],[23] | 6% | ||||||
Interest rate, floor | [19],[23] | 1% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [23] | $ 1,437 | ||||||
Fair Value, Ending Balance | [23] | $ 1,437 | ||||||
Principal amount | [23] | $ 1,437 | ||||||
Investment, Identifier [Axis]: Medplast Holdings, Inc.., Senior Secured First Lien Debt, 7/2/2025 Maturity | ||||||||
Interest rate basis spread on variable rate | [16],[36] | 3.75% | 3.75% | |||||
Interest rate, floor | [16],[36] | 1% | 1% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [36] | $ 4,849 | $ 4,849 | |||||
Principal amount | [21],[36] | $ 4,987 | $ 4,987 | |||||
Investment, Identifier [Axis]: Mimeo.com, Inc., Senior Secured First Lien Debt, 12/21/2024 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | 6.80% | [16],[24],[34] | 6.80% | [16],[24],[34] | 7% | [19],[23] | ||
Interest rate, floor | 1% | [16],[24],[34] | 1% | [16],[24],[34] | 1% | [19],[23] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [23] | $ 22,161 | ||||||
Fair Value, Ending Balance | $ 21,846 | [24],[34] | 21,846 | [24],[34] | $ 22,161 | [23] | ||
Principal amount | $ 21,983 | [21],[24],[34] | $ 21,983 | [21],[24],[34] | $ 22,328 | [23] | ||
Investment, Identifier [Axis]: Mimeo.com, Inc., Senior Secured First Lien Debt, 12/21/2024 Maturity, 2 | ||||||||
Interest rate basis spread on variable rate | 6.80% | [16],[34] | 6.80% | [16],[34] | 7% | [19],[23] | ||
Interest rate, floor | 1% | [16],[34] | 1% | [16],[34] | 1% | [19],[23] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [23] | $ 2,239 | ||||||
Fair Value, Ending Balance | $ 2,739 | [34] | 2,739 | [34] | $ 2,239 | [23] | ||
Principal amount | $ 2,756 | [21],[34] | $ 2,756 | [21],[34] | $ 2,256 | [23] | ||
Investment, Identifier [Axis]: Mimeo.com, Inc., Senior Secured First Lien Debt, 12/21/2024 Maturity, 3 | ||||||||
Interest rate, unfunded | 1% | [16] | 1% | [16] | 1% | [19] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ (23) | |||||||
Fair Value, Ending Balance | $ (16) | (16) | $ (23) | |||||
Principal amount | $ 2,500 | [21] | $ 2,500 | [21] | $ 3,000 | |||
Investment, Identifier [Axis]: Moss Holding Company, Senior Secured First Lien Debt, 4/17/2024 Maturity, 2 | ||||||||
Interest rate, unfunded | [16] | 6.25% | 6.25% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | $ (1) | $ (1) | ||||||
Principal amount | [21] | $ 106 | $ 106 | |||||
Investment, Identifier [Axis]: Moss Holding Company, Senior Secured First Lien Debt, 4/17/2024 Maturity, 3 | ||||||||
Interest rate, unfunded | [16] | 0.50% | 0.50% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | $ (27) | $ (27) | ||||||
Principal amount | [21] | $ 2,126 | $ 2,126 | |||||
Investment, Identifier [Axis]: Moss Holding Company., Senior Secured First Lien Debt, 4/17/2024 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | 6.25% | [15],[16],[17],[24] | 6.25% | [15],[16],[17],[24] | 6.25% | [18],[19],[20],[22] | ||
Interest rate, floor | 1% | [15],[16],[17],[24] | 1% | [15],[16],[17],[24] | 1% | [18],[19],[20],[22] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [18],[20],[22] | $ 19,185 | ||||||
Fair Value, Ending Balance | $ 19,232 | [15],[17],[24] | 19,232 | [15],[17],[24] | $ 19,185 | [18],[20],[22] | ||
Principal amount | 19,475 | [15],[17],[21],[24] | 19,475 | [15],[17],[21],[24] | $ 19,576 | [18],[20],[22] | ||
Investment, Identifier [Axis]: Moss Holding Company., Senior Secured First Lien Debt, 4/17/2024 Maturity, 2 | ||||||||
Interest rate, unfunded | [19] | 6.25% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | (2) | |||||||
Fair Value, Ending Balance | $ (2) | |||||||
Principal amount | $ 106 | |||||||
Investment, Identifier [Axis]: Moss Holding Company., Senior Secured First Lien Debt, 4/17/2024 Maturity, 3 | ||||||||
Interest rate, unfunded | [19] | 0.50% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | (43) | |||||||
Fair Value, Ending Balance | $ (43) | |||||||
Principal amount | 2,126 | |||||||
Investment, Identifier [Axis]: Mount Logan Capital Inc., Common Stock, Non-Controlled, Affiliated Investments | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 2,341 | 3,404 | 3,404 | |||||
Gross Additions Cost | 0 | [3] | 0 | [4] | ||||
Gross Reductions Cost | 0 | [5] | 0 | [6] | ||||
Net Unrealized Gain (Loss) | (75) | (1,063) | ||||||
Fair Value, Ending Balance | 2,266 | 2,266 | 2,341 | |||||
Net Realized Gain (Loss) | 0 | 0 | ||||||
Interest Income | 0 | [7] | 0 | [8] | ||||
Dividend Income | 27 | 54 | ||||||
Fee income | 0 | |||||||
Investment, Identifier [Axis]: Mount Logan Capital Inc., Common Stock., Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [28],[29],[56] | 2,341 | ||||||
Fair Value, Ending Balance | 2,266 | [26],[31],[57] | 2,266 | [26],[31],[57] | 2,341 | [28],[29],[56] | ||
Investment, Identifier [Axis]: NS NWN Acquisition, LLC, Class A Preferred Units., Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [30] | 909 | ||||||
Fair Value, Ending Balance | 1,338 | [32] | 1,338 | [32] | 909 | [30] | ||
Investment, Identifier [Axis]: NS NWN Acquisition, LLC, Common Equity, Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [30] | 0 | ||||||
Fair Value, Ending Balance | 0 | [32] | 0 | [32] | 0 | [30] | ||
Investment, Identifier [Axis]: NS NWN Holdco LLC, Non-Voting Units, Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [32] | 295 | 295 | |||||
Investment, Identifier [Axis]: NS NWN Holdco LLC, Non-Voting Units., Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [30] | 200 | ||||||
Fair Value, Ending Balance | [30] | 200 | ||||||
Investment, Identifier [Axis]: NSG Co-Invest (Bermuda) LP, Partnership Interests., Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [28],[30] | 664 | ||||||
Fair Value, Ending Balance | $ 887 | [26],[32] | $ 887 | [26],[32] | $ 664 | [28],[30] | ||
Investment, Identifier [Axis]: NWN Parent Holdings LLC., Senior Secured First Lien Debt, 5/7/2026 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | 8% | [16],[17],[24] | 8% | [16],[17],[24] | 8% | [19],[22],[23] | ||
Interest rate, floor | 1% | [16],[17],[24] | 1% | [16],[17],[24] | 1% | [19],[22],[23] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[23] | $ 12,643 | ||||||
Fair Value, Ending Balance | $ 12,494 | [17],[24] | 12,494 | [17],[24] | $ 12,643 | [22],[23] | ||
Principal amount | $ 12,604 | [17],[21],[24] | $ 12,604 | [17],[21],[24] | $ 12,755 | [22],[23] | ||
Investment, Identifier [Axis]: NWN Parent Holdings LLC., Senior Secured First Lien Debt, 5/7/2026 Maturity, 2 | ||||||||
Interest rate basis spread on variable rate | 8% | [16],[17] | 8% | [16],[17] | 8% | [19],[23] | ||
Interest rate, floor | 1% | [16],[17] | 1% | [16],[17] | 1% | [19],[23] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [23] | $ 803 | ||||||
Fair Value, Ending Balance | $ 595 | [17] | 595 | [17] | $ 803 | [23] | ||
Principal amount | $ 600 | [17],[21] | $ 600 | [17],[21] | $ 810 | [23] | ||
Investment, Identifier [Axis]: NWN Parent Holdings LLC., Senior Secured First Lien Debt, 5/7/2026 Maturity, 3 | ||||||||
Interest rate, unfunded | 0.50% | [16] | 0.50% | [16] | 0.50% | [19] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ (1) | |||||||
Fair Value, Ending Balance | $ (11) | (11) | $ (1) | |||||
Principal amount | 1,200 | [21] | 1,200 | [21] | $ 90 | |||
Investment, Identifier [Axis]: Neptune Flood Inc., Senior Secured First Lien Debt, 10/21/2026 Maturity | ||||||||
Interest rate basis spread on variable rate | [19],[22],[23] | 6% | ||||||
Interest rate, floor | [19],[22],[23] | 1% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[23] | 7,867 | ||||||
Fair Value, Ending Balance | [22],[23] | $ 7,867 | ||||||
Principal amount | [22],[23] | 7,789 | ||||||
Investment, Identifier [Axis]: New Giving Acquisition, Inc., Warrants, Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [30] | 786 | ||||||
Fair Value, Ending Balance | $ 1,394 | [32] | $ 1,394 | [32] | $ 786 | [30] | ||
Investment, Identifier [Axis]: NewsCycle Solutions, Inc., Senior Secured First Lien Debt, 12/29/2023 Maturity | ||||||||
Interest rate basis spread on variable rate | 7% | [15],[16],[17],[24] | 7% | [15],[16],[17],[24] | 7% | [18],[19],[22],[23] | ||
Interest rate, floor | 1% | [15],[16],[17],[24] | 1% | [15],[16],[17],[24] | 1% | [18],[19],[22],[23] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [18],[22],[23] | $ 12,444 | ||||||
Fair Value, Ending Balance | $ 12,396 | [15],[17],[24] | 12,396 | [15],[17],[24] | $ 12,444 | [18],[22],[23] | ||
Principal amount | $ 12,381 | [15],[17],[21],[24] | $ 12,381 | [15],[17],[21],[24] | $ 12,444 | [18],[22],[23] | ||
Investment, Identifier [Axis]: OpCo Borrower, LLC., Senior Secured First Lien Debt, 8/19/2027 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | 6.50% | [16],[24],[43] | 6.50% | [16],[24],[43] | 6.50% | [19],[22],[42] | ||
Interest rate, floor | 1% | [16],[24],[43] | 1% | [16],[24],[43] | 1% | [19],[22],[42] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[42] | $ 11,387 | ||||||
Fair Value, Ending Balance | $ 11,328 | [24],[43] | 11,328 | [24],[43] | $ 11,387 | [22],[42] | ||
Principal amount | $ 11,243 | [21],[24],[43] | 11,243 | [21],[24],[43] | $ 11,387 | [22],[42] | ||
Investment, Identifier [Axis]: OpCo Borrower, LLC., Senior Secured First Lien Debt, 8/19/2027 Maturity, 2 | ||||||||
Interest rate basis spread on variable rate | [19],[42] | 6.50% | ||||||
Interest rate, floor | [19],[42] | 1% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [42] | $ 208 | ||||||
Fair Value, Ending Balance | [42] | $ 208 | ||||||
Principal amount | [42] | $ 208 | ||||||
Investment, Identifier [Axis]: OpCo Borrower, LLC., Senior Secured First Lien Debt, 8/19/2027 Maturity, 3 | ||||||||
Interest rate, unfunded | 0.50% | [16] | 0.50% | [16] | 0.50% | [19] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ 0 | |||||||
Fair Value, Ending Balance | $ 8 | 8 | $ 0 | |||||
Principal amount | $ 1,042 | [21] | $ 1,042 | [21] | $ 833 | |||
Investment, Identifier [Axis]: OpCo Borrower, LLC., Senior Secured Second Lien Debt, 2/19/2028 Maturity | ||||||||
Interest rate | 12.50% | [16],[24] | 12.50% | [16],[24] | 12.50% | [19],[22] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22] | $ 11,312 | ||||||
Fair Value, Ending Balance | $ 11,500 | [24] | $ 11,500 | [24] | $ 11,312 | [22] | ||
All-in-Rate | 12.50% | [16],[24] | 12.50% | [16],[24] | 12.50% | [19],[22] | ||
Principal amount | $ 12,500 | [21],[24] | $ 12,500 | [21],[24] | $ 12,500 | [22] | ||
Investment, Identifier [Axis]: Optio Rx, LLC., Senior Secured First Lien Debt, 6/28/2024 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | [18],[19],[22],[37] | 7% | ||||||
Interest rate, floor | [18],[19],[22],[37] | 0% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [18],[22],[37] | 15,749 | ||||||
Fair Value, Ending Balance | [18],[22],[37] | $ 15,749 | ||||||
Principal amount | [18],[22],[37] | $ 15,929 | ||||||
Investment, Identifier [Axis]: Optio Rx, LLC., Senior Secured First Lien Debt, 6/28/2024 Maturity, 2 | ||||||||
Interest rate basis spread on variable rate | [18],[19],[37] | 10% | ||||||
Interest rate, floor | [18],[19],[37] | 0% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [18],[37] | $ 2,615 | ||||||
Fair Value, Ending Balance | [18],[37] | $ 2,615 | ||||||
Principal amount | [18],[37] | $ 2,515 | ||||||
Investment, Identifier [Axis]: Optio Rx, LLC., Senior Secured First Lien Debt, 6/28/2028 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | [15],[16],[24],[36] | 7% | 7% | |||||
Interest rate, floor | [15],[16],[24],[36] | 0% | 0% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [15],[24],[36] | $ 15,526 | $ 15,526 | |||||
Principal amount | [15],[21],[24],[36] | $ 15,585 | $ 15,585 | |||||
Investment, Identifier [Axis]: Optio Rx, LLC., Senior Secured First Lien Debt, 6/28/2028 Maturity, 2 | ||||||||
Interest rate basis spread on variable rate | [15],[16],[36] | 10% | 10% | |||||
Interest rate, floor | [15],[16],[36] | 0% | 0% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [15],[36] | $ 2,578 | $ 2,578 | |||||
Principal amount | [15],[21],[36] | $ 2,515 | $ 2,515 | |||||
Investment, Identifier [Axis]: PH Beauty Holdings III. Inc., Senior Secured First Lien Debt, 9/28/2025 Maturity | ||||||||
Interest rate basis spread on variable rate | 5% | [16],[24],[34] | 5% | [16],[24],[34] | 5% | [19],[22],[23] | ||
Interest rate, floor | 0% | [16],[24],[34] | 0% | [16],[24],[34] | 0% | [19],[22],[23] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[23] | $ 8,677 | ||||||
Fair Value, Ending Balance | $ 8,727 | [24],[34] | 8,727 | [24],[34] | $ 8,677 | [22],[23] | ||
Principal amount | $ 9,525 | [21],[24],[34] | $ 9,525 | [21],[24],[34] | 9,575 | [22],[23] | ||
Investment, Identifier [Axis]: PRA Acquisition, LLC, 5/12/2028 Maturity | ||||||||
Interest rate basis spread on variable rate | [15],[16],[17] | 6.50% | 6.50% | |||||
Interest rate, floor | [15],[16],[17] | 1% | 1% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [15],[17] | $ 20,000 | $ 20,000 | |||||
Principal amount | [15],[17],[21] | 20,000 | 20,000 | |||||
Investment, Identifier [Axis]: Palmetto Clean Technology, Inc., Warrants., Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [30] | 3,867 | ||||||
Fair Value, Ending Balance | $ 3,287 | [32] | $ 3,287 | [32] | $ 3,867 | [30] | ||
Investment, Identifier [Axis]: Pentec Acquisition Corp., Senior Secured First Lien Debt, 10/8/2026 Maturity | ||||||||
Interest rate basis spread on variable rate | 6% | [16],[24],[43] | 6% | [16],[24],[43] | 6% | [19],[22],[37] | ||
Interest rate, floor | 1% | [16],[24],[43] | 1% | [16],[24],[43] | 1% | [19],[22],[37] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[37] | $ 24,750 | ||||||
Fair Value, Ending Balance | $ 24,687 | [24],[43] | 24,687 | [24],[43] | $ 24,750 | [22],[37] | ||
Principal amount | $ 24,625 | [21],[24],[43] | $ 24,625 | [21],[24],[43] | $ 24,750 | [22],[37] | ||
Investment, Identifier [Axis]: Playboy Enterprises, Inc., Senior Secured First Lien Debt, 5/25/2027 Maturity | ||||||||
Interest rate basis spread on variable rate | 4.25% | [15],[16],[17],[26] | 4.25% | [15],[16],[17],[26] | 6.25% | [18],[19],[23],[28] | ||
Interest rate, floor | 0.50% | [15],[16],[17],[26] | 0.50% | [15],[16],[17],[26] | 0.50% | [18],[19],[23],[28] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [18],[23],[28] | $ 24,257 | ||||||
Fair Value, Ending Balance | $ 19,234 | [15],[17],[26] | 19,234 | [15],[17],[26] | $ 24,257 | [18],[23],[28] | ||
Principal amount | $ 19,527 | [15],[17],[21],[26] | $ 19,527 | [15],[17],[21],[26] | $ 25,202 | [18],[23],[28] | ||
Investment, Identifier [Axis]: Project Castle, Inc., Senior Secured First Lien Debt, 6/1/2029 Maturity | ||||||||
Interest rate basis spread on variable rate | 5.50% | [16],[17],[24] | 5.50% | [16],[17],[24] | 5.50% | [19],[20],[22] | ||
Interest rate, floor | 0.50% | [16],[17],[24] | 0.50% | [16],[17],[24] | 0.50% | [19],[20],[22] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [20],[22] | $ 8,117 | ||||||
Fair Value, Ending Balance | $ 6,741 | [17],[24] | 6,741 | [17],[24] | $ 8,117 | [20],[22] | ||
Principal amount | $ 7,930 | [17],[21],[24] | $ 7,930 | [17],[21],[24] | $ 9,975 | [20],[22] | ||
Investment, Identifier [Axis]: R. R. Donnelley & Sons Company , 3/22/2028 Maturity | ||||||||
Interest rate basis spread on variable rate | [16] | 7.25% | 7.25% | |||||
Interest rate, floor | [16] | 0.75% | 0.75% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | $ 12,535 | $ 12,535 | ||||||
Principal amount | [21] | $ 12,582 | $ 12,582 | |||||
Investment, Identifier [Axis]: RA Outdoors, LLC, Senior Secured Second Lien Debt, 10/8/2026 Maturity | ||||||||
Interest rate basis spread on variable rate | [16],[17],[24] | 9% | 9% | |||||
Interest rate, floor | [16],[17],[24] | 1% | 1% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [17],[24] | $ 1,818 | $ 1,818 | |||||
Principal amount | [17],[21],[24] | $ 1,818 | $ 1,818 | |||||
Investment, Identifier [Axis]: RA Outdoors, LLC., Senior Secured First Lien Debt, 4/8/2026 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | 6.75% | [16],[17],[24] | 6.75% | [16],[17],[24] | 6.75% | [19],[20],[22] | ||
Interest rate, floor | 1% | [16],[17],[24] | 1% | [16],[17],[24] | 1% | [19],[20],[22] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [20],[22] | $ 10,938 | ||||||
Fair Value, Ending Balance | $ 10,979 | [17],[24] | 10,979 | [17],[24] | $ 10,938 | [20],[22] | ||
Principal amount | $ 10,979 | [17],[21],[24] | 10,979 | [17],[21],[24] | $ 10,979 | [20],[22] | ||
Investment, Identifier [Axis]: RA Outdoors, LLC., Senior Secured First Lien Debt, 4/8/2026 Maturity, 2 | ||||||||
Interest rate, unfunded | [19] | 0.50% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ (1) | |||||||
Fair Value, Ending Balance | $ (1) | |||||||
Principal amount | $ 1,049 | |||||||
Investment, Identifier [Axis]: RA Outdoors, LLC., Senior Secured First Lien Debt, 4/8/2026 Maturity, 3 | ||||||||
Interest rate, unfunded | [16] | 0.50% | 0.50% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | $ 0 | $ 0 | ||||||
Principal amount | [21] | $ 1,049 | 1,049 | |||||
Investment, Identifier [Axis]: RA Outdoors, LLC., Senior Secured Second Lien Debt, 10/8/2026 Maturity | ||||||||
Interest rate basis spread on variable rate | [19],[20],[22] | 9% | ||||||
Interest rate, floor | [19],[20],[22] | 1% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [20],[22] | $ 1,825 | ||||||
Fair Value, Ending Balance | [20],[22] | $ 1,825 | ||||||
Principal amount | [20],[22] | $ 1,827 | ||||||
Investment, Identifier [Axis]: Retail Services WIS Corp., Senior Secured First Lien Debt, 5/20/2025 Maturity | ||||||||
Interest rate basis spread on variable rate | 7.75% | [16],[17],[24] | 7.75% | [16],[17],[24] | 7.75% | [19],[22],[23] | ||
Interest rate, floor | 1% | [16],[17],[24] | 1% | [16],[17],[24] | 1% | [19],[22],[23] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[23] | $ 9,357 | ||||||
Fair Value, Ending Balance | $ 9,297 | [17],[24] | 9,297 | [17],[24] | $ 9,357 | [22],[23] | ||
Principal amount | $ 9,297 | [17],[21],[24] | $ 9,297 | [17],[21],[24] | $ 9,548 | [22],[23] | ||
Investment, Identifier [Axis]: Robert C. Hilliard, L.L.P., Senior Secured First Lien Debt | ||||||||
Interest rate | 17.27% | 17.27% | 16.24% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Cash | 0% | 0% | 0% | |||||
PIK | 17.27% | 17.27% | 16.24% | |||||
All-in-Rate | 17.27% | 17.27% | 16.24% | |||||
Investment, Identifier [Axis]: Robert C. Hilliard, L.L.P., Senior Secured First Lien Debt, 12/17/2023 Maturity | ||||||||
Interest rate basis spread on variable rate | 12% | [16],[24],[33],[43] | 12% | [16],[24],[33],[43] | 12% | [19],[22],[35],[37] | ||
Interest rate, floor | 2% | [16],[24],[33],[43] | 2% | [16],[24],[33],[43] | 2% | [19],[22],[35],[37] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[35],[37] | $ 1,815 | ||||||
Fair Value, Ending Balance | $ 1,976 | [24],[33],[43] | 1,976 | [24],[33],[43] | $ 1,815 | [22],[35],[37] | ||
Principal amount | $ 1,973 | [21],[24],[33],[43] | $ 1,973 | [21],[24],[33],[43] | $ 1,815 | [22],[35],[37] | ||
Investment, Identifier [Axis]: Rogers Mechanical Contractors, LLC, Senior Secured First Lien Debt | ||||||||
Interest rate | 13.09% | 13.09% | 12.70% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Cash | 12.09% | 12.09% | 11.70% | |||||
PIK | 1% | 1% | 1% | |||||
All-in-Rate | 13.09% | 13.09% | 12.70% | |||||
Investment, Identifier [Axis]: Rogers Mechanical Contractors, LLC., Senior Secured First Lien Debt, 9/9/2025 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | 8% | [16],[24],[33],[38] | 8% | [16],[24],[33],[38] | 8% | [19],[20],[22],[35] | ||
Interest rate, floor | 1% | [16],[24],[33],[38] | 1% | [16],[24],[33],[38] | 1% | [19],[20],[22],[35] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [20],[22],[35] | $ 16,324 | ||||||
Fair Value, Ending Balance | $ 15,217 | [24],[33],[38] | 15,217 | [24],[33],[38] | $ 16,324 | [20],[22],[35] | ||
Principal amount | $ 15,275 | [21],[24],[33],[38] | $ 15,275 | [21],[24],[33],[38] | $ 16,365 | [20],[22],[35] | ||
Investment, Identifier [Axis]: Rogers Mechanical Contractors, LLC., Senior Secured First Lien Debt, 9/9/2025 Maturity, 2 | ||||||||
Interest rate basis spread on variable rate | 8% | [16],[24],[33],[38] | 8% | [16],[24],[33],[38] | 8% | [19],[20],[35] | ||
Interest rate, floor | 1% | [16],[24],[33],[38] | 1% | [16],[24],[33],[38] | 1% | [19],[20],[35] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [20],[35] | $ 959 | ||||||
Fair Value, Ending Balance | $ 896 | [24],[33],[38] | 896 | [24],[33],[38] | $ 959 | [20],[35] | ||
Principal amount | $ 899 | [21],[24],[33],[38] | $ 899 | [21],[24],[33],[38] | $ 962 | [20],[35] | ||
Investment, Identifier [Axis]: Rogers Mechanical Contractors, LLC., Senior Secured First Lien Debt, 9/9/2025 Maturity, 3 | ||||||||
Interest rate, unfunded | 0.75% | [16] | 0.75% | [16] | 1% | [19] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ (2) | |||||||
Fair Value, Ending Balance | $ (9) | (9) | $ (2) | |||||
Principal amount | $ 2,404 | [21] | 2,404 | [21] | $ 962 | |||
Investment, Identifier [Axis]: Rogers Mechanical Contractors, LLC., Senior Secured First Lien Debt, 9/9/2025 Maturity, 4 | ||||||||
Interest rate, unfunded | [19] | 0.75% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | (6) | |||||||
Fair Value, Ending Balance | $ (6) | |||||||
Principal amount | $ 2,404 | |||||||
Investment, Identifier [Axis]: RumbleOn, Inc., Senior Secured First Lien Debt, 2/28/2023 Maturity, 3 | ||||||||
Interest rate, unfunded | [19],[30] | 0% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [30] | $ (98) | ||||||
Fair Value, Ending Balance | [30] | $ (98) | ||||||
Principal amount | [30] | $ 1,775 | ||||||
Investment, Identifier [Axis]: RumbleOn, Inc., Senior Secured First Lien Debt, 8/31/2026 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | 8.25% | [16],[17],[24] | 8.25% | [16],[17],[24] | 8.25% | [19],[22],[23] | ||
Interest rate, floor | 1% | [16],[17],[24] | 1% | [16],[17],[24] | 1% | [19],[22],[23] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[23] | $ 12,554 | ||||||
Fair Value, Ending Balance | $ 12,461 | [17],[24] | 12,461 | [17],[24] | $ 12,554 | [22],[23] | ||
Principal amount | $ 13,221 | [17],[21],[24] | $ 13,221 | [17],[21],[24] | $ 13,284 | [22],[23] | ||
Investment, Identifier [Axis]: RumbleOn, Inc., Senior Secured First Lien Debt, 8/31/2026 Maturity, 2 | ||||||||
Interest rate basis spread on variable rate | 8.25% | [16],[17],[24] | 8.25% | [16],[17],[24] | 8.25% | [19],[23] | ||
Interest rate, floor | 1% | [16],[17],[24] | 1% | [16],[17],[24] | 1% | [19],[23] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [23] | $ 3,798 | ||||||
Fair Value, Ending Balance | $ 3,770 | [17],[24] | 3,770 | [17],[24] | $ 3,798 | [23] | ||
Principal amount | 4,000 | [17],[21],[24] | 4,000 | [17],[21],[24] | 4,019 | [23] | ||
Investment, Identifier [Axis]: RumbleOn, Inc., Warrants., Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [30] | 1 | ||||||
Fair Value, Ending Balance | 0 | [32] | 0 | [32] | 1 | [30] | ||
Investment, Identifier [Axis]: SIMR Parent, LLC, Class B Membership Units, Non-Controlled, Affiliated Investments | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 0 | 0 | 0 | |||||
Gross Additions Cost | [4] | 0 | ||||||
Gross Reductions Cost | [6] | (8,002) | ||||||
Net Unrealized Gain (Loss) | 8,002 | |||||||
Fair Value, Ending Balance | 0 | |||||||
Net Realized Gain (Loss) | (8,002) | |||||||
Interest Income | [8] | 0 | ||||||
Dividend Income | 0 | |||||||
Investment, Identifier [Axis]: SIMR Parent, LLC, Class W Membership Units, Non-Controlled, Affiliated Investments | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 0 | 0 | 0 | |||||
Gross Additions Cost | [4] | 0 | ||||||
Gross Reductions Cost | [6] | 0 | ||||||
Net Unrealized Gain (Loss) | 0 | |||||||
Fair Value, Ending Balance | 0 | |||||||
Net Realized Gain (Loss) | 0 | |||||||
Interest Income | [8] | 0 | ||||||
Dividend Income | 0 | |||||||
Investment, Identifier [Axis]: SIMR, LLC, First Lien Term Loan, Non-Controlled, Affiliated Investments | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 0 | 16,000 | 16,000 | |||||
Gross Additions Cost | [4] | 1,447 | ||||||
Gross Reductions Cost | [6] | (21,261) | ||||||
Net Unrealized Gain (Loss) | 3,814 | |||||||
Fair Value, Ending Balance | 0 | |||||||
Net Realized Gain (Loss) | (2,854) | |||||||
Interest Income | [8] | 804 | ||||||
Dividend Income | 0 | |||||||
Investment, Identifier [Axis]: SRA Holdings, LLC, Membership Units, Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [31],[32] | 23,706 | 23,706 | |||||
Investment, Identifier [Axis]: SRA Holdings, LLC, Membership Units, Non-Controlled, Affiliated Investments | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 0 | |||||||
Gross Additions Cost | [3] | 23,611 | ||||||
Gross Reductions Cost | [5] | 0 | ||||||
Net Unrealized Gain (Loss) | 95 | |||||||
Fair Value, Ending Balance | 23,706 | 23,706 | $ 0 | |||||
Net Realized Gain (Loss) | 0 | |||||||
Interest Income | [7] | 0 | ||||||
Dividend Income | 0 | |||||||
Fee income | 0 | |||||||
Investment, Identifier [Axis]: STATinMED, LLC 1, Senior Secured First Lien Debt | ||||||||
Interest rate | 13.80% | |||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Cash | 0% | |||||||
PIK | 13.80% | |||||||
All-in-Rate | 13.80% | |||||||
Investment, Identifier [Axis]: STATinMED, LLC 2, Senior Secured First Lien Debt | ||||||||
Interest rate | 13.94% | |||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Cash | 0% | |||||||
PIK | 13.94% | |||||||
All-in-Rate | 13.94% | |||||||
Investment, Identifier [Axis]: STATinMED, LLC, Delayed Draw First Lien Term Loan, Non-Controlled, Affiliated Investments | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 156 | 0 | $ 0 | |||||
Gross Additions Cost | [4] | 153 | ||||||
Gross Reductions Cost | [6] | 0 | ||||||
Net Unrealized Gain (Loss) | 3 | |||||||
Fair Value, Ending Balance | 156 | |||||||
Net Realized Gain (Loss) | 0 | |||||||
Interest Income | [8] | 0 | ||||||
Dividend Income | 0 | |||||||
Investment, Identifier [Axis]: STATinMED, LLC, First Lien Term Loan, Non-Controlled, Affiliated Investments | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 9,107 | 0 | 0 | |||||
Gross Additions Cost | 683 | [3] | 9,472 | [4] | ||||
Gross Reductions Cost | 0 | [5] | (250) | [6] | ||||
Net Unrealized Gain (Loss) | (133) | (115) | ||||||
Fair Value, Ending Balance | $ 9,657 | 9,657 | 9,107 | |||||
Net Realized Gain (Loss) | 0 | 0 | ||||||
Interest Income | 696 | [7] | 719 | [8] | ||||
Dividend Income | 0 | $ 0 | ||||||
Fee income | $ 0 | |||||||
Investment, Identifier [Axis]: STATinMED, LLC, Senior Secured First Lien Debt | ||||||||
Interest rate | 14.79% | 14.79% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Cash | 0% | 0% | ||||||
PIK | 14.79% | 14.79% | ||||||
All-in-Rate | 14.79% | 14.79% | ||||||
Investment, Identifier [Axis]: STATinMED, LLC., Senior Secured First Lien Debt, 3/31/2023 Maturity 2 | ||||||||
Interest rate basis spread on variable rate | [19],[29],[35],[42] | 9.50% | ||||||
Interest rate, floor | [19],[29],[35],[42] | 2% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [29],[35],[42] | $ 156 | ||||||
Fair Value, Ending Balance | [29],[35],[42] | $ 156 | ||||||
Principal amount | [29],[35],[42] | $ 156 | ||||||
Investment, Identifier [Axis]: STATinMED, LLC., Senior Secured First Lien Debt, 3/31/2023 Maturity 3 | ||||||||
Interest rate, unfunded | [19],[29],[30] | 0% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [29],[30] | 0 | ||||||
Fair Value, Ending Balance | [29],[30] | $ 0 | ||||||
Principal amount | [29],[30] | $ 156 | ||||||
Investment, Identifier [Axis]: STATinMED, LLC., Senior Secured First Lien Debt, 7/1/2027 Maturity 1 | ||||||||
Interest rate basis spread on variable rate | [19],[29],[35],[42] | 9.50% | ||||||
Interest rate, floor | [19],[29],[35],[42] | 2% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [29],[35],[42] | $ 9,107 | ||||||
Fair Value, Ending Balance | [29],[35],[42] | $ 9,107 | ||||||
Principal amount | [29],[35],[42] | 9,222 | ||||||
Investment, Identifier [Axis]: STATinMED, LLC., Senior Secured First Lien Debt, 7/1/2027 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | [16],[31],[33],[43] | 9.50% | 9.50% | |||||
Interest rate, floor | [16],[31],[33],[43] | 2% | 2% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [31],[33],[43] | $ 9,657 | $ 9,657 | |||||
Principal amount | [21],[31],[33],[43] | 9,905 | 9,905 | |||||
Investment, Identifier [Axis]: STATinMed Parent, LLC, Class A Preferred Units, Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [31],[32] | 2,526 | 2,526 | |||||
Investment, Identifier [Axis]: STATinMed Parent, LLC, Class A Preferred Units, Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [29],[30] | 4,530 | ||||||
Fair Value, Ending Balance | [29],[30] | 4,530 | ||||||
Investment, Identifier [Axis]: STATinMed Parent, LLC, Class A Preferred Units, Non-Controlled, Affiliated Investments | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 4,530 | 0 | 0 | |||||
Gross Additions Cost | 0 | [3] | 6,182 | [4] | ||||
Gross Reductions Cost | 0 | [5] | 0 | [6] | ||||
Net Unrealized Gain (Loss) | (2,004) | (1,652) | ||||||
Fair Value, Ending Balance | 2,526 | 2,526 | 4,530 | |||||
Net Realized Gain (Loss) | 0 | 0 | ||||||
Interest Income | 0 | [7] | 0 | [8] | ||||
Dividend Income | 0 | 0 | ||||||
Fee income | 0 | |||||||
Investment, Identifier [Axis]: STATinMed Parent, LLC, Class B Preferred Units, Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [31],[32] | 0 | 0 | |||||
Investment, Identifier [Axis]: STATinMed Parent, LLC, Class B Preferred Units, Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [29],[30] | 134 | ||||||
Fair Value, Ending Balance | [29],[30] | 134 | ||||||
Investment, Identifier [Axis]: STATinMed Parent, LLC, Class B Preferred Units, Non-Controlled, Affiliated Investments | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 134 | 0 | 0 | |||||
Gross Additions Cost | 0 | [3] | 3,193 | [4] | ||||
Gross Reductions Cost | 0 | [5] | 0 | [6] | ||||
Net Unrealized Gain (Loss) | (134) | (3,059) | ||||||
Fair Value, Ending Balance | $ 0 | 0 | 134 | |||||
Net Realized Gain (Loss) | 0 | 0 | ||||||
Interest Income | 0 | [7] | 0 | [8] | ||||
Dividend Income | 0 | $ 0 | ||||||
Fee income | $ 0 | |||||||
Investment, Identifier [Axis]: Securus Technologies Holdings, Inc., Senior Secured First Lien Debt, 11/1/2024 Maturity | ||||||||
Interest rate basis spread on variable rate | 4.50% | [16],[24],[34] | 4.50% | [16],[24],[34] | 4.50% | [19],[22],[23] | ||
Interest rate, floor | 1% | [16],[24],[34] | 1% | [16],[24],[34] | 1% | [19],[22],[23] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[23] | $ 3,848 | ||||||
Fair Value, Ending Balance | $ 3,852 | [24],[34] | 3,852 | [24],[34] | $ 3,848 | [22],[23] | ||
Principal amount | $ 3,847 | [21],[24],[34] | $ 3,847 | [21],[24],[34] | $ 3,868 | [22],[23] | ||
Investment, Identifier [Axis]: Securus Technologies Holdings, Inc., Senior Secured Second Lien Debt, 11/1/2025 Maturity | ||||||||
Interest rate basis spread on variable rate | 8.25% | [16],[34] | 8.25% | [16],[34] | 8.25% | [19],[23] | ||
Interest rate, floor | 1% | [16],[34] | 1% | [16],[34] | 1% | [19],[23] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [23] | $ 2,884 | ||||||
Fair Value, Ending Balance | $ 2,895 | [34] | 2,895 | [34] | $ 2,884 | [23] | ||
Principal amount | $ 2,942 | [21],[34] | $ 2,942 | [21],[34] | $ 2,942 | [23] | ||
Investment, Identifier [Axis]: Sequoia Healthcare Management, LLC., Senior Secured First Lien Debt, 11/4/2023 Maturity | ||||||||
Interest rate, unfunded | [18],[19],[22],[40] | 12.75% | ||||||
Interest rate | [15],[16],[24] | 12.75% | 12.75% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [18],[22],[40] | $ 10,209 | ||||||
Fair Value, Ending Balance | $ 8,024 | [15],[24] | $ 8,024 | [15],[24] | $ 10,209 | [18],[22],[40] | ||
All-in-Rate | [15],[16],[24] | 12.75% | 12.75% | |||||
Principal amount | $ 8,525 | [15],[21],[24] | $ 8,525 | [15],[21],[24] | $ 8,525 | [18],[22],[40] | ||
Investment, Identifier [Axis]: Service Compression, LLC, Senior Secured First Lien Debt | ||||||||
Interest rate | 15.20% | 15.20% | 14.83% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Cash | 13.20% | 13.20% | 12.83% | |||||
PIK | 2% | 2% | 2% | |||||
All-in-Rate | 15.20% | 15.20% | 14.83% | |||||
Investment, Identifier [Axis]: Service Compression, LLC, Warrants(o), Energy: Oil & Gas, N/A | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [30] | $ 441 | ||||||
Fair Value, Ending Balance | [30] | $ 441 | ||||||
Investment, Identifier [Axis]: Service Compression, LLC, Warrants., Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [32] | $ 970 | $ 970 | |||||
Investment, Identifier [Axis]: Service Compression, LLC., Senior Secured First Lien Debt, 5/5/2025 Maturity | ||||||||
Interest rate, unfunded | [16] | 0.50% | 0.50% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | $ 7 | $ 7 | ||||||
Principal amount | [21] | $ 907 | 907 | |||||
Investment, Identifier [Axis]: Service Compression, LLC., Senior Secured First Lien Debt, 5/6/2025 Maturity, 3 | ||||||||
Interest rate, unfunded | [19] | 0.50% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ (31) | |||||||
Fair Value, Ending Balance | $ (31) | |||||||
Principal amount | $ 4,186 | |||||||
Investment, Identifier [Axis]: Service Compression, LLC., Senior Secured First Lien Debt, 5/6/2027 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | 10% | [16],[17],[24],[33] | 10% | [16],[17],[24],[33] | 10% | [19],[20],[22],[35] | ||
Interest rate, floor | 1% | [16],[17],[24],[33] | 1% | [16],[17],[24],[33] | 1% | [19],[20],[22],[35] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [20],[22],[35] | $ 22,803 | ||||||
Fair Value, Ending Balance | $ 23,382 | [17],[24],[33] | 23,382 | [17],[24],[33] | $ 22,803 | [20],[22],[35] | ||
Principal amount | $ 23,208 | [17],[21],[24],[33] | $ 23,208 | [17],[21],[24],[33] | $ 22,975 | [20],[22],[35] | ||
Investment, Identifier [Axis]: Service Compression, LLC., Senior Secured First Lien Debt, 5/6/2027 Maturity, 2 | ||||||||
Interest rate basis spread on variable rate | 10% | [16],[17],[24],[33] | 10% | [16],[17],[24],[33] | 10% | [19],[20] | ||
Interest rate, floor | 1% | [16],[17],[24],[33] | 1% | [16],[17],[24],[33] | 1% | [19],[20] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [20] | $ 3,127 | ||||||
Fair Value, Ending Balance | $ 6,526 | [17],[24],[33] | 6,526 | [17],[24],[33] | $ 3,127 | [20] | ||
Principal amount | $ 6,477 | [17],[21],[24],[33] | $ 6,477 | [17],[21],[24],[33] | $ 3,151 | [20] | ||
Investment, Identifier [Axis]: Sleep Opco, LLC., Senior Secured First Lien Debt, 10/12/2026 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | 7% | [16],[17],[24] | 7% | [16],[17],[24] | 6.50% | [19],[22],[23] | ||
Interest rate, floor | 1% | [16],[17],[24] | 1% | [16],[17],[24] | 1% | [19],[22],[23] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[23] | $ 13,641 | ||||||
Fair Value, Ending Balance | $ 13,602 | [17],[24] | 13,602 | [17],[24] | $ 13,641 | [22],[23] | ||
Principal amount | $ 13,704 | [17],[21],[24] | $ 13,704 | [17],[21],[24] | $ 13,779 | [22],[23] | ||
Investment, Identifier [Axis]: Sleep Opco, LLC., Senior Secured First Lien Debt, 10/12/2026 Maturity, 2 | ||||||||
Interest rate basis spread on variable rate | [16],[17] | 6.50% | 6.50% | |||||
Interest rate, floor | [16],[17] | 1% | 1% | |||||
Interest rate, unfunded | [19] | 0.50% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ (18) | |||||||
Fair Value, Ending Balance | $ 546 | [17] | 546 | [17] | $ (18) | |||
Principal amount | $ 550 | [17],[21] | $ 550 | [17],[21] | 1,750 | |||
Investment, Identifier [Axis]: Sleep Opco, LLC., Senior Secured First Lien Debt, 10/12/2026 Maturity, 3 | ||||||||
Interest rate basis spread on variable rate | [16],[17],[24] | 7% | 7% | |||||
Interest rate, floor | [16],[17],[24] | 1% | 1% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [17],[24] | $ 402 | $ 402 | |||||
Principal amount | [17],[21],[24] | $ 399 | $ 399 | |||||
Investment, Identifier [Axis]: Sleep Opco, LLC., Senior Secured First Lien Debt, 10/12/2026 Maturity, 4 | ||||||||
Interest rate, unfunded | [16] | 0.50% | 0.50% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | $ (9) | $ (9) | ||||||
Principal amount | [21] | 1,200 | 1,200 | |||||
Investment, Identifier [Axis]: Snap Fitness Holdings, Inc., Class A Common Stock., Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [29],[30] | 5,123 | ||||||
Fair Value, Ending Balance | 4,936 | [31],[32] | 4,936 | [31],[32] | 5,123 | [29],[30] | ||
Investment, Identifier [Axis]: Snap Fitness Holdings, Inc., Class A Stock, Non-Controlled, Affiliated Investments | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 5,123 | 3,131 | 3,131 | |||||
Gross Additions Cost | 0 | [3] | 0 | [4] | ||||
Gross Reductions Cost | 0 | [5] | 0 | [6] | ||||
Net Unrealized Gain (Loss) | (187) | 1,992 | ||||||
Fair Value, Ending Balance | 4,936 | 4,936 | 5,123 | |||||
Net Realized Gain (Loss) | 0 | 0 | ||||||
Interest Income | 0 | [7] | 0 | [8] | ||||
Dividend Income | 0 | 0 | ||||||
Fee income | 0 | |||||||
Investment, Identifier [Axis]: Snap Fitness Holdings, Inc., Warrants, Non-Controlled, Affiliated Investments | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | 2,077 | $ 1,269 | 1,269 | |||||
Gross Additions Cost | 0 | [3] | 0 | [4] | ||||
Gross Reductions Cost | 0 | [5] | 0 | [6] | ||||
Net Unrealized Gain (Loss) | (76) | 808 | ||||||
Fair Value, Ending Balance | 2,001 | 2,001 | 2,077 | |||||
Net Realized Gain (Loss) | 0 | 0 | ||||||
Interest Income | 0 | [7] | 0 | [8] | ||||
Dividend Income | 0 | 0 | ||||||
Fee income | 0 | |||||||
Investment, Identifier [Axis]: Snap Fitness Holdings, Inc., Warrants., Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [29],[30] | 2,077 | ||||||
Fair Value, Ending Balance | $ 2,001 | [31],[32] | $ 2,001 | [31],[32] | $ 2,077 | [29],[30] | ||
Investment, Identifier [Axis]: Spinal USA, Inc. / Precision Medical Inc., Senior Secured First Lien Debt | ||||||||
Interest rate | 14.68% | 14.68% | 13.24% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Cash | 0% | 0% | 0% | |||||
PIK | 14.68% | 14.68% | 13.24% | |||||
All-in-Rate | 14.68% | 14.68% | 13.24% | |||||
Investment, Identifier [Axis]: Spinal USA, Inc. / Precision Medical Inc., Senior Secured First Lien Debt, 11/29/2023 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | [16],[33],[34] | 9.50% | 9.50% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [33],[34] | $ 7,748 | $ 7,748 | |||||
Principal amount | [21],[33],[34] | $ 14,349 | $ 14,349 | |||||
Investment, Identifier [Axis]: Spinal USA, Inc. / Precision Medical Inc., Senior Secured First Lien Debt, 11/29/2023 Maturity, 2 | ||||||||
Interest rate basis spread on variable rate | [16],[33],[34] | 9.50% | 9.50% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [33],[34] | $ 650 | $ 650 | |||||
Principal amount | [21],[33],[34] | $ 1,275 | $ 1,275 | |||||
Investment, Identifier [Axis]: Spinal USA, Inc. / Precision Medical Inc., Senior Secured First Lien Debt, 11/29/2023 Maturity, 3 | ||||||||
Interest rate basis spread on variable rate | [16],[33],[34] | 9.50% | 9.50% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [33],[34] | $ 418 | $ 418 | |||||
Principal amount | [21],[33],[34] | $ 820 | $ 820 | |||||
Investment, Identifier [Axis]: Spinal USA, Inc. / Precision Medical Inc., Senior Secured First Lien Debt, 11/29/2023 Maturity, 4 | ||||||||
Interest rate basis spread on variable rate | [16],[33],[34] | 9.50% | 9.50% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [33],[34] | $ 397 | $ 397 | |||||
Principal amount | [21],[33],[34] | $ 778 | $ 778 | |||||
Investment, Identifier [Axis]: Spinal USA, Inc. / Precision Medical Inc., Senior Secured First Lien Debt, 11/29/2023 Maturity, 5 | ||||||||
Interest rate basis spread on variable rate | [16],[33],[34] | 9.50% | 9.50% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [33],[34] | $ 351 | $ 351 | |||||
Principal amount | [21],[33],[34] | $ 649 | $ 649 | |||||
Investment, Identifier [Axis]: Spinal USA, Inc. / Precision Medical Inc., Senior Secured First Lien Debt, 11/29/2023 Maturity, 6 | ||||||||
Interest rate basis spread on variable rate | [16],[33],[34] | 9.50% | 9.50% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [33],[34] | $ 599 | $ 599 | |||||
Principal amount | [21],[33],[34] | $ 593 | 593 | |||||
Investment, Identifier [Axis]: Spinal USA, Inc. / Precision Medical Inc., Senior Secured First Lien Debt, 5/29/2023 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | [19],[22],[23],[35] | 9.50% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[23],[35] | 9,649 | ||||||
Fair Value, Ending Balance | [22],[23],[35] | $ 9,649 | ||||||
Principal amount | [22],[23],[35] | $ 13,401 | ||||||
Investment, Identifier [Axis]: Spinal USA, Inc. / Precision Medical Inc., Senior Secured First Lien Debt, 5/29/2023 Maturity, 2 | ||||||||
Interest rate basis spread on variable rate | [19],[22],[23],[35] | 9.50% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[23],[35] | 816 | ||||||
Fair Value, Ending Balance | [22],[23],[35] | $ 816 | ||||||
Principal amount | [22],[23],[35] | $ 1,191 | ||||||
Investment, Identifier [Axis]: Spinal USA, Inc. / Precision Medical Inc., Senior Secured First Lien Debt, 5/29/2023 Maturity, 3 | ||||||||
Interest rate basis spread on variable rate | [19],[22],[23],[35] | 9.50% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[23],[35] | 521 | ||||||
Fair Value, Ending Balance | [22],[23],[35] | $ 521 | ||||||
Principal amount | [22],[23],[35] | $ 766 | ||||||
Investment, Identifier [Axis]: Spinal USA, Inc. / Precision Medical Inc., Senior Secured First Lien Debt, 5/29/2023 Maturity, 4 | ||||||||
Interest rate basis spread on variable rate | [19],[22],[23],[35] | 9.50% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[23],[35] | 498 | ||||||
Fair Value, Ending Balance | [22],[23],[35] | $ 498 | ||||||
Principal amount | [22],[23],[35] | $ 727 | ||||||
Investment, Identifier [Axis]: Spinal USA, Inc. / Precision Medical Inc., Senior Secured First Lien Debt, 5/29/2023 Maturity, 5 | ||||||||
Interest rate basis spread on variable rate | [19],[22],[23],[35] | 9.50% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[23],[35] | 446 | ||||||
Fair Value, Ending Balance | [22],[23],[35] | $ 446 | ||||||
Principal amount | [22],[23],[35] | $ 607 | ||||||
Investment, Identifier [Axis]: TMK Hawk Parent, Corp., Senior Secured Second Lien Debt, 8/28/2025 Maturity | ||||||||
Interest rate basis spread on variable rate | [19],[23] | 8% | ||||||
Interest rate, floor | [19],[23] | 1% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [23] | $ 11,334 | ||||||
Fair Value, Ending Balance | [23] | $ 11,334 | ||||||
Principal amount | [23] | $ 13,393 | ||||||
Investment, Identifier [Axis]: TMK Hawk Parent, Corp., Senior Secured Second Lien Debt, 9/26/2025 Maturity | ||||||||
Interest rate basis spread on variable rate | [16],[34] | 8% | 8% | |||||
Interest rate, floor | [16],[34] | 1% | 1% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [34] | $ 11,903 | $ 11,903 | |||||
Principal amount | [21],[34] | $ 13,393 | $ 13,393 | |||||
Investment, Identifier [Axis]: Thrill Holdings LLC., Senior Secured First Lien Debt, 5/27/2024 Maturity, 3 | ||||||||
Interest rate, unfunded | [16] | 1% | 1% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | $ 0 | $ 0 | ||||||
Principal amount | [21] | $ 3,261 | $ 3,261 | |||||
Investment, Identifier [Axis]: Thrill Holdings LLC., Senior Secured First Lien Debt, 5/27/2027 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | 6.50% | [16],[17],[24] | 6.50% | [16],[17],[24] | 6.50% | [19],[20],[22] | ||
Interest rate, floor | 1% | [16],[17],[24] | 1% | [16],[17],[24] | 1% | [19],[20],[22] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [20],[22] | $ 20,292 | ||||||
Fair Value, Ending Balance | $ 19,907 | [17],[24] | 19,907 | [17],[24] | $ 20,292 | [20],[22] | ||
Principal amount | $ 20,136 | [17],[21],[24] | $ 20,136 | [17],[21],[24] | $ 20,394 | [20],[22] | ||
Investment, Identifier [Axis]: Thrill Holdings LLC., Senior Secured First Lien Debt, 5/27/2027 Maturity, 2 | ||||||||
Interest rate, unfunded | 0.50% | [16] | 0.50% | [16] | 1% | [19] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ (16) | |||||||
Fair Value, Ending Balance | $ 0 | 0 | $ (16) | |||||
Principal amount | $ 1,739 | [21] | 1,739 | [21] | $ 3,261 | |||
Investment, Identifier [Axis]: Thrill Holdings LLC., Senior Secured First Lien Debt, 5/27/2027 Maturity, 3 | ||||||||
Interest rate basis spread on variable rate | [19],[20] | 6.50% | ||||||
Interest rate, floor | [19],[20] | 1% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [20] | $ 1,730 | ||||||
Fair Value, Ending Balance | [20] | $ 1,730 | ||||||
Principal amount | [20] | $ 1,739 | ||||||
Investment, Identifier [Axis]: Trademark Global, LLC, Senior Secured First Lien Debt | ||||||||
Interest rate | 12.60% | 12.60% | 11.57% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Cash | 8.10% | 8.10% | 7.07% | |||||
PIK | 4.50% | 4.50% | 4.50% | |||||
All-in-Rate | 12.60% | 12.60% | 11.57% | |||||
Investment, Identifier [Axis]: Trademark Global, LLC., Senior Secured First Lien Debt, 7/30/2024 Maturity | ||||||||
Interest rate basis spread on variable rate | [16],[24],[33],[43] | 7.50% | 7.50% | |||||
Interest rate, floor | [16],[24],[33],[43] | 1% | 1% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [24],[33],[43] | $ 15,042 | $ 15,042 | |||||
Principal amount | [21],[24],[33],[43] | $ 15,508 | 15,508 | |||||
Investment, Identifier [Axis]: Trademark Global, LLC., Senior Secured First Lien Debt, 7/30/2024 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | [19],[35],[37] | 7.50% | ||||||
Interest rate, floor | [19],[35],[37] | 1% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [35],[37] | $ 14,952 | ||||||
Fair Value, Ending Balance | [35],[37] | $ 14,952 | ||||||
Principal amount | [35],[37] | $ 15,355 | ||||||
Investment, Identifier [Axis]: Trammell, P.C., Senior Secured First Lien Debt | ||||||||
Interest rate | 20.72% | 20.72% | 19.94% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Cash | 0% | 0% | 0% | |||||
PIK | 20.72% | 20.72% | 19.94% | |||||
All-in-Rate | 20.72% | 20.72% | 19.94% | |||||
Investment, Identifier [Axis]: Trammell, P.C., Senior Secured First Lien Debt, 4/28/2026 Maturity | ||||||||
Interest rate basis spread on variable rate | 15.50% | [16],[33],[43] | 15.50% | [16],[33],[43] | 15.50% | [19],[35],[42] | ||
Interest rate, floor | 2% | [16],[33],[43] | 2% | [16],[33],[43] | 2% | [19],[35],[42] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [35],[42] | $ 14,147 | ||||||
Fair Value, Ending Balance | $ 13,814 | [33],[43] | 13,814 | [33],[43] | $ 14,147 | [35],[42] | ||
Principal amount | 13,814 | [21],[33],[43] | 13,814 | [21],[33],[43] | $ 14,201 | [35],[42] | ||
Investment, Identifier [Axis]: URS Topco, LLC, Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [32] | $ 12,298 | $ 12,298 | |||||
Investment, Identifier [Axis]: Usalco, LLC., Senior Secured First Lien Debt, 10/19/2027 Maturity | ||||||||
Interest rate basis spread on variable rate | 6% | [16],[24],[43] | 6% | [16],[24],[43] | 6% | [19],[22],[23] | ||
Interest rate, floor | 1% | [16],[24],[43] | 1% | [16],[24],[43] | 1% | [19],[22],[23] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[23] | $ 24,441 | ||||||
Fair Value, Ending Balance | $ 24,533 | [24],[43] | 24,533 | [24],[43] | $ 24,441 | [22],[23] | ||
Principal amount | $ 24,625 | [21],[24],[43] | 24,625 | [21],[24],[43] | $ 24,750 | [22],[23] | ||
Investment, Identifier [Axis]: Vesta Holdings, LLC, Senior Secured First Lien Debt | ||||||||
Interest rate | 21.50% | |||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Cash | 0% | |||||||
PIK | 21.50% | |||||||
All-in-Rate | 21.50% | |||||||
Investment, Identifier [Axis]: Vesta Holdings, LLC., Senior Secured First Lien Debt, 2/25/2024 Maturity 1 | ||||||||
Interest rate basis spread on variable rate | [19],[22],[35] | 9% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[35] | 19,938 | ||||||
Fair Value, Ending Balance | [22],[35] | $ 19,938 | ||||||
Principal amount | [22],[35] | $ 21,071 | ||||||
Investment, Identifier [Axis]: Vesta Holdings, LLC., Senior Secured First Lien Debt, 2/25/2024 Maturity 3 | ||||||||
Interest rate basis spread on variable rate | [19],[35] | 9% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [35] | 793 | ||||||
Fair Value, Ending Balance | [35] | $ 793 | ||||||
Principal amount | [35] | $ 838 | ||||||
Investment, Identifier [Axis]: Vesta Holdings, LLC., Senior Secured First Lien Debt, 3/12/2023 Maturity 2 | ||||||||
Interest rate basis spread on variable rate | [19],[20],[22] | 10% | ||||||
Interest rate, floor | [19],[20],[22] | 1% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [20],[22] | 10,392 | ||||||
Fair Value, Ending Balance | [20],[22] | $ 10,392 | ||||||
Principal amount | [20],[22] | $ 10,392 | ||||||
Investment, Identifier [Axis]: Volta Charging, LLC., Senior Secured First Lien Debt, 6/19/2024 Maturity, 1 | ||||||||
Interest rate | [19],[22] | 12% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22] | 6,506 | ||||||
Fair Value, Ending Balance | [22] | $ 6,506 | ||||||
All-in-Rate | [19],[22] | 12% | ||||||
Principal amount | [22] | $ 5,621 | ||||||
Investment, Identifier [Axis]: Volta Charging, LLC., Senior Secured First Lien Debt, 6/19/2024 Maturity, 2 | ||||||||
Interest rate | [19],[22] | 12% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22] | $ 1,736 | ||||||
Fair Value, Ending Balance | [22] | $ 1,736 | ||||||
All-in-Rate | [19],[22] | 12% | ||||||
Principal amount | [22] | $ 1,500 | ||||||
Investment, Identifier [Axis]: WPLM Acquisition Corp., Unsecured Debt, 11/24/2025 Maturity | ||||||||
Interest rate | 15% | [16],[33] | 15% | [16],[33] | 15% | [35] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [35] | $ 7,327 | ||||||
Fair Value, Ending Balance | $ 7,413 | [33] | $ 7,413 | [33] | $ 7,327 | [35] | ||
All-in-Rate | 15% | [16],[33] | 15% | [16],[33] | 15% | [35] | ||
Principal amount | $ 7,623 | [21],[33] | $ 7,623 | [21],[33] | $ 7,623 | [35] | ||
Investment, Identifier [Axis]: WPLM Acquisition Corp., Unsecured Note | ||||||||
Interest rate | 15% | 15% | 15% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Cash | 0% | 0% | 0% | |||||
PIK | 15% | 15% | 15% | |||||
All-in-Rate | 15% | 15% | 15% | |||||
Investment, Identifier [Axis]: Williams Industrial Services Group, Inc., Senior Secured First Lien Debt | ||||||||
Interest rate | 16.18% | 16.18% | 12.75% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Cash | 10% | 10% | 10% | |||||
PIK | 6.18% | 6.18% | 2.75% | |||||
All-in-Rate | 16.18% | 16.18% | 12.75% | |||||
Investment, Identifier [Axis]: Williams Industrial Services Group, Inc., Senior Secured First Lien Debt, 12/16/2025 Maturity | ||||||||
Interest rate basis spread on variable rate | [18],[19],[23],[35] | 9% | ||||||
Interest rate, floor | [18],[19],[23],[35] | 1% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [18],[23],[35] | $ 7,182 | ||||||
Fair Value, Ending Balance | [18],[23],[35] | $ 7,182 | ||||||
Principal amount | [18],[23],[35] | $ 7,173 | ||||||
Investment, Identifier [Axis]: Williams Industrial Services Group, Inc., Senior Secured First Lien Debt, 12/16/2025 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | [15],[16],[17],[33] | 11% | 11% | |||||
Interest rate, floor | [15],[16],[17],[33] | 1% | 1% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [15],[17],[33] | $ 7,540 | $ 7,540 | |||||
Principal amount | [15],[17],[21],[33] | $ 7,693 | $ 7,693 | |||||
Investment, Identifier [Axis]: Williams Industrial Services Group, Inc., Senior Secured First Lien Debt, 12/16/2025 Maturity, 2 | ||||||||
Interest rate basis spread on variable rate | [16],[17],[33] | 11% | 11% | |||||
Interest rate, floor | [16],[17],[33] | 1% | 1% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [17],[33] | $ 1,400 | $ 1,400 | |||||
Principal amount | [17],[21],[33] | $ 1,429 | $ 1,429 | |||||
Investment, Identifier [Axis]: Wok Holdings Inc., Senior Secured First Lien Debt, 3/1/2026 Maturity | ||||||||
Interest rate basis spread on variable rate | 6.50% | [16],[24],[36] | 6.50% | [16],[24],[36] | 6.50% | [19],[22],[23] | ||
Interest rate, floor | 0% | [16],[24],[36] | 0% | [16],[24],[36] | 0% | [19],[22],[23] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[23] | $ 21,684 | ||||||
Fair Value, Ending Balance | $ 23,938 | [24],[36] | 23,938 | [24],[36] | $ 21,684 | [22],[23] | ||
Principal amount | $ 24,974 | [21],[24],[36] | 24,974 | [21],[24],[36] | $ 25,105 | [22],[23] | ||
Investment, Identifier [Axis]: WorkGenius, Inc., Senior Secured First Lien Debt, 6/7/2027 Maturity 1 | ||||||||
Interest rate basis spread on variable rate | [19],[20],[22] | 7% | ||||||
Interest rate, floor | [19],[20],[22] | 0.50% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [20],[22] | 12,938 | ||||||
Fair Value, Ending Balance | [20],[22] | $ 12,938 | ||||||
Principal amount | [20],[22] | $ 12,938 | ||||||
Investment, Identifier [Axis]: WorkGenius, Inc., Senior Secured First Lien Debt, 6/7/2027 Maturity 2 | ||||||||
Interest rate, unfunded | [19] | 0.50% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ 0 | |||||||
Fair Value, Ending Balance | $ 0 | |||||||
Principal amount | 750 | |||||||
Investment, Identifier [Axis]: WorkGenius, Inc., Senior Secured First Lien Debt, 6/7/2027 Maturity, 1 | ||||||||
Interest rate basis spread on variable rate | [16],[17],[24] | 7.50% | 7.50% | |||||
Interest rate, floor | [16],[17],[24] | 1% | 1% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [17],[24] | $ 10,385 | $ 10,385 | |||||
Principal amount | [17],[21],[24] | $ 10,385 | $ 10,385 | |||||
Investment, Identifier [Axis]: WorkGenius, Inc., Senior Secured First Lien Debt, 6/7/2027 Maturity, 2 | ||||||||
Interest rate basis spread on variable rate | [16],[17] | 7.50% | 7.50% | |||||
Interest rate, floor | [16],[17] | 1% | 1% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [17] | $ 750 | $ 750 | |||||
Principal amount | [17],[21] | 750 | 750 | |||||
Investment, Identifier [Axis]: WorkGenius, LLC, Class A Units., Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [30] | 515 | ||||||
Fair Value, Ending Balance | $ 415 | [32] | $ 415 | [32] | $ 515 | [30] | ||
Investment, Identifier [Axis]: Xenon Arc, Inc., Senior Secured First Lien Debt, 12/17/2027 Maturity | ||||||||
Interest rate basis spread on variable rate | 5.25% | [16],[24],[34] | 5.25% | [16],[24],[34] | 5.25% | [19],[22],[23] | ||
Interest rate, floor | 0.75% | [16],[24],[34] | 0.75% | [16],[24],[34] | 0.75% | [19],[22],[23] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22],[23] | $ 6,846 | ||||||
Fair Value, Ending Balance | $ 3,895 | [24],[34] | 3,895 | [24],[34] | $ 6,846 | [22],[23] | ||
Principal amount | $ 3,895 | [21],[24],[34] | 3,895 | [21],[24],[34] | $ 6,915 | [22],[23] | ||
Investment, Identifier [Axis]: Yak Access, LLC, Senior Secured First Lien Debt, 07/11/2025 Maturity | ||||||||
Interest rate basis spread on variable rate | [19],[22] | 4% | ||||||
Interest rate, floor | [19],[22] | 0% | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | [22] | $ 3,165 | ||||||
Fair Value, Ending Balance | [22] | $ 3,165 | ||||||
Principal amount | [22] | $ 4,925 | ||||||
Investment, Identifier [Axis]: Yak Access, LLC., Senior Secured First Lien Debt, 3/10/2028 Maturity | ||||||||
Interest rate basis spread on variable rate | [16],[17],[24] | 6.40% | 6.40% | |||||
Interest rate, floor | [16],[17],[24] | 1% | 1% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [17],[24] | $ 2,972 | $ 2,972 | |||||
Principal amount | [17],[21],[24] | 2,972 | 2,972 | |||||
Investment, Identifier [Axis]: Yak Holding II, LLC, Series A Common Units, Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [32] | 573 | 573 | |||||
Investment, Identifier [Axis]: Yak Holding II, LLC, Series A Preferred Units, Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [32] | 4,000 | 4,000 | |||||
Investment, Identifier [Axis]: Yak Holding II, LLC, Series B-1 Preferred Units, Equity | ||||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Ending Balance | [32] | $ 1,966 | $ 1,966 | |||||
Senior Secured First Lien Debt | ||||||||
Fair value percentage | 175.60% | [1] | 175.60% | [1] | 178.80% | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ 1,579,512 | |||||||
Fair Value, Ending Balance | $ 1,468,630 | [2] | $ 1,468,630 | [2] | $ 1,579,512 | |||
Senior Secured Second Lien Debt | ||||||||
Fair value percentage | 4.70% | [1] | 4.70% | [1] | 4.40% | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ 38,769 | |||||||
Fair Value, Ending Balance | $ 39,544 | [2] | $ 39,544 | [2] | $ 38,769 | |||
Collateralized securities and structured products - equity | ||||||||
Fair value percentage | 0.10% | [1] | 0.10% | [1] | 0.10% | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ 1,179 | |||||||
Fair Value, Ending Balance | $ 1,046 | [2] | $ 1,046 | [2] | $ 1,179 | |||
Unsecured debt | ||||||||
Fair value percentage | 2.10% | [1] | 2.10% | [1] | 2.60% | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ 22,643 | |||||||
Fair Value, Ending Balance | $ 17,301 | [2] | $ 17,301 | [2] | $ 22,643 | |||
Equity | ||||||||
Fair value percentage | 19.30% | [1] | 19.30% | [1] | 12.10% | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ 107,058 | |||||||
Fair Value, Ending Balance | $ 161,170 | [2] | $ 161,170 | [2] | $ 107,058 | |||
Short term investments | ||||||||
Fair value percentage | 12% | [1],[58] | 12% | [1],[58] | 1.20% | [59] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||||
Fair Value, Beginning Balance | $ 10,869 | |||||||
Fair Value, Ending Balance | $ 100,771 | [2] | $ 100,771 | [2] | $ 10,869 | |||
[1]All of the Company’s investments are issued by eligible U.S. portfolio companies, as defined in the Investment Company Act of 1940, as amended, or the 1940 Act, except for investments specifically identified as non-qualifying per note h. below. Unless specifically identified in note s. below, investments do not contain a paid-in-kind, or PIK, interest provision.[2]Fair value determined in good faith by the Company’s board of directors (see Note 9), including via delegation to CIM as the Company’s valuation designee (see Note 2), using significant unobservable inputs unless otherwise noted.[3]Gross additions include increases in the cost basis of investments resulting from new portfolio investments, PIK interest, the amortization of unearned income, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company into this category from a different category.[4]Gross additions include increases in the cost basis of investments resulting from new portfolio investments, PIK interest, the amortization of unearned income, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company into this category from a different category.[5]Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company out of this category into a different category.[6]Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company out of this category into a different category.[7]Includes PIK interest income.[8]Includes PIK interest income.[9]Gross additions include increases in the cost basis of investments resulting from new portfolio investments, PIK interest, the amortization of unearned income, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company into this category from a different category.[10]Gross additions include increases in the cost basis of investments resulting from new portfolio investments, PIK interest, the amortization of unearned income, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company into this category from a different category.[11]Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company out of this category into a different category.[12]Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company out of this category into a different category.[13] Includes PIK interest income . Includes PIK interest income . Year Ended December 31, 2022 Year Ended December 31, 2022 Non-Controlled, Affiliated Investments Fair Value at Gross Gross Net Unrealized Gain (Loss) Fair Value at December 31, 2022 Net Realized Gain (Loss) Interest Dividend Income ARC Financial, LLC Membership Interests $ — $ — $ — $ — $ — $ — $ — $ 25 Berlitz Holdings, Inc. First Lien Term Loan — 13,956 (13,956) — — — 393 — Carestream Health, Inc. First Lien Term Loan — 7,596 — (57) 7,539 — 284 — Carestream Health Holdings Inc. Common Shares — 21,758 — (214) 21,544 — — — Charming Charlie, LLC Vendor Payment Financing Facility 350 — (657) 307 — (657) 26 — DESG Holdings, Inc. First Lien Term Loan 1,787 — (306) (1,235) 246 — 5 — Second Lien Term Loan — — (10,017) 10,017 — (10,017) — — GSC Technologies Inc. Incremental Term Loan 170 8 (24) — 154 — 22 — First Lien Term Loan A 2,001 26 — 37 2,064 — 193 — First Lien Term Loan B 485 67 — (164) 388 — 72 — Common Shares — — — — — — — — Instant Web Holdings, LLC Class A Common Units — — — — — — — — Instant Web, LLC Revolving Loan — 970 (649) — 321 — 26 — Priming Term Loan — 458 — 11 469 — 36 — First Lien Term Loan — 39,802 — (11,635) 28,167 — 3,314 — First Lien Delayed Draw Term Loan — — — — — — 14 — Language Education Holdings GP LLC Common Units — — — — — — — — Language Education Holdings LP Ordinary Common Units — 1,125 (1,125) — — — — — Lift Brands, Inc. Term Loan A 23,406 — (236) 117 23,287 — 2,252 — Term Loan B 5,156 235 — (237) 5,154 — 545 — Term Loan C 4,700 133 — (101) 4,732 — 1,412 — Longview Intermediate Holdings C, LLC Membership Units 15,127 — — 8,868 23,995 — — — Longview Power, LLC First Lien Term Loan 4,504 156 (1,391) (921) 2,348 — 1,952 — Mount Logan Capital Inc. Common Stock 3,404 — — (1,063) 2,341 — — 54 SIMR, LLC First Lien Term Loan 16,000 1,447 (21,261) 3,814 — (2,854) 804 — SIMR Parent, LLC Class B Membership Units — — (8,002) 8,002 — (8,002) — — Class W Membership Units — — — — — — — — See accompanying notes to consolidated financial statements CĪON Investment Corporation Consolidated Schedule of Investments December 31, 2022 (in thousands) Year Ended December 31, 2022 Year Ended December 31, 2022 Non-Controlled, Affiliated Investments Fair Value at Gross Gross Net Unrealized Gain (Loss) Fair Value at December 31, 2022 Net Realized Gain (Loss) Interest Dividend Income Snap Fitness Holdings, Inc. Class A Stock 3,131 — — 1,992 5,123 — — — Warrants 1,269 — — 808 2,077 — — — STATinMED, LLC First Lien Term Loan — 9,472 (250) (115) 9,107 — 719 — Delayed Draw First Lien Term Loan — 153 — 3 156 — — — STATinMed Parent, LLC Class A Preferred Units — 6,182 — (1,652) 4,530 — — — Class B Preferred Units — 3,193 — (3,059) 134 — — — Totals $ 81,490 $ 106,737 $ (57,874) $ 13,523 $ 143,876 $ (21,530) $ 12,069 $ 79 (1) Gross additions include increases in the cost basis of investments resulting from new portfolio investments, PIK interest, the amortization of unearned income, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company into this category from a different category. (2) Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company out of this category into a different category. (3) Includes PIK interest income. Six Months Ended June 30, 2023 Six Months Ended June 30, 2023 Non-Controlled, Affiliated Investments Fair Value at Gross Gross Net Unrealized Gain (Loss) Fair Value at June 30, 2023 Net Realized Gain (Loss) Interest Dividend Income Fee Income Afore Insurance Services, LLC First Lien Term Loan $ — $ 4,583 $ — $ (11) $ 4,572 $ — $ 138 $ — $ — ARC Financial, LLC Membership Interests — — — — — — — 25 — Carestream Health, Inc. First Lien Term Loan 7,539 2,895 (115) 1,104 11,423 — 534 — — Carestream Health Holdings Inc. Common Shares 21,544 — — (828) 20,716 — — — — DESG Holdings, Inc. First Lien Term Loan 246 — (82) (34) 130 — — — — GSC Technologies Inc. Incremental Term Loan 154 6 (160) — — — 11 — — First Lien Term Loan A 2,064 14 — 49 2,127 — 136 — — First Lien Term Loan B 388 48 — 258 694 — 53 — — Common Shares — — — — — — — — — Instant Web Holdings, LLC Class A Common Units — — — — — — — — — Instant Web, LLC Revolving Loan 321 2,093 — (75) 2,339 — 78 — — Priming Term Loan 469 10 — — 479 — 27 — — First Lien Term Loan 28,167 2,447 — (5,265) 25,349 — 2,436 — — First Lien Delayed Draw Term Loan — — — (89) (89) — 8 — — IPP Buyer Holdings, LLC Class A Units — 10,740 — 993 11,733 — — — — Isagenix International, LLC First Lien Term Loan — 8,237 — — 8,237 — 189 — 477 Isagenix Worldwide, Inc. Common Shares — 8,987 — — 8,987 — — — — Lift Brands, Inc. Term Loan A 23,287 — (118) — 23,169 — 1,440 — 29 Term Loan B 5,154 234 — 42 5,430 — 280 — — Term Loan C 4,732 1,335 — (51) 6,016 — 348 — 1,891 Longview Intermediate Holdings C, LLC Membership Units 23,995 — — (2,315) 21,680 — — 3,881 — Longview Power, LLC First Lien Term Loan 2,348 — (1,389) (959) — — 1,306 — — Mount Logan Capital Inc. Common Stock 2,341 — — (75) 2,266 — — 27 — Snap Fitness Holdings, Inc. Class A Stock 5,123 — — (187) 4,936 — — — — Warrants 2,077 — — (76) 2,001 — — — — SRA Holdings, LLC Membership Units — 23,611 — 95 23,706 — — — — STATinMED, LLC First Lien Term Loan 9,107 683 — (133) 9,657 — 696 — — Delayed Draw First Lien Term Loan 156 6 (162) — — — 10 — — STATinMed Parent, LLC Class A Preferred Units 4,530 — — (2,004) 2,526 — — — — Class B Preferred Units 134 — — (134) — — — — — Totals $ 143,876 $ 65,929 $ (2,026) $ (9,695) $ 198,084 $ — $ 7,690 $ 3,933 $ 2,397 See accompanying notes to consolidated financial statements. CĪON Investment Corporation Consolidated Schedule of Investments (unaudited) June 30, 2023 (in thousands) (1) Gross additions include increases in the cost basis of investments resulting from new portfolio investments, PIK interest, the amortization of unearned income, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company into this category from a different category. (2) Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company out of this category into a different category. (3) Includes PIK interest income. Interest Rate Portfolio Company Investment Type Cash PIK All-in-Rate Adapt Laser Acquisition, Inc. Senior Secured First Lien Debt 15.24% 2.00% 17.24% American Clinical Solutions LLC Senior Secured First Lien Debt 7.00% 5.19% 12.19% American Consolidated Natural Resources, Inc. Senior Secured First Lien Debt 18.27% 3.00% 21.27% Ancile Solutions, Inc. Senior Secured First Lien Debt 12.56% 3.00% 15.56% Anthem Sports & Entertainment Inc. Senior Secured First Lien Debt 11.91% 2.75% 14.66% CION/EagleTree Partners, LLC Senior Secured Note — 14.00% 14.00% David's Bridal, LLC Senior Secured First Lien Debt 14.25% 5.00% 19.25% David's Bridal, LLC Senior Secured First Lien Debt 10.54% 5.00% 15.54% David's Bridal, LLC Senior Secured First Lien Debt 1.00% 11.54% 12.54% Deluxe Entertainment Services, Inc. Senior Secured First Lien Debt 10.54% 1.50% 12.04% Fusion Connect Inc. Senior Secured First Lien Debt 12.86% 1.00% 13.86% GSC Technologies Inc. Senior Secured First Lien Debt — 10.23% 10.23% Hilliard, Martinez & Gonzales, LLP Senior Secured First Lien Debt — 17.27% 17.27% Homer City Generation, L.P. Senior Secured First Lien Debt — 15.00% 15.00% Instant Web, LLC Senior Secured First Lien Debt — 12.22% 12.22% Instant Web, LLC Senior Secured First Lien Debt — 12.00% 12.00% Instant Web, LLC Senior Secured Revolving Loan — 11.77% 11.77% K&N Parent, Inc. Senior Secured First Lien Debt — 13.40% 13.40% Klein Hersh, LLC Senior Secured First Lien Debt 4.90% 12.00% 16.90% Lift Brands, Inc. Senior Secured First Lien Debt — 9.50% 9.50% Lucky Bucks Holdings LLC Unsecured Note — 12.50% 12.50% Robert C. Hilliard, L.L.P. Senior Secured First Lien Debt — 17.27% 17.27% Rogers Mechanical Contractors, LLC Senior Secured First Lien Debt 12.09% 1.00% 13.09% Service Compression, LLC Senior Secured First Lien Debt 13.20% 2.00% 15.20% Spinal USA, Inc. / Precision Medical Inc. Senior Secured First Lien Debt — 14.68% 14.68% STATinMED, LLC Senior Secured First Lien Debt — 14.79% 14.79% Trademark Global, LLC Senior Secured First Lien Debt 8.10% 4.50% 12.60% Trammell, P.C. Senior Secured First Lien Debt — 20.72% 20.72% Williams Industrial Services Group, Inc. Senior Secured First Lien Debt 10.00% 6.18% 16.18% WPLM Acquisition Corp. Unsecured Note — 15.00% 15.00% Interest Rate Portfolio Company Investment Type Cash PIK All-in-Rate Adapt Laser Acquisition, Inc. Senior Secured First Lien Debt 14.76% 2.00% 16.76% American Clinical Solutions LLC Senior Secured First Lien Debt 7.00% 4.27% 11.27% American Consolidated Natural Resources, Inc. Senior Secured First Lien Debt 17.33% 3.00% 20.33% Ancile Solutions, Inc. Senior Secured First Lien Debt 11.75% 3.00% 14.75% Anthem Sports & Entertainment Inc. Senior Secured First Lien Debt 11.48% 2.75% 14.23% Cadence Aerospace, LLC Senior Secured First Lien Debt 10.92% 2.00% 12.92% CION/EagleTree Partners, LLC Senior Secured Note — 14.00% 14.00% David's Bridal, LLC Senior Secured First Lien Debt 9.28% 5.00% 14.28% David's Bridal, LLC Senior Secured First Lien Debt 1.00% 9.42% 10.42% Deluxe Entertainment Services, Inc. Senior Secured First Lien Debt 9.73% 1.50% 11.23% Fusion Connect Inc. Senior Secured First Lien Debt 11.69% 1.00% 12.69% GSC Technologies Inc. Senior Secured First Lien Debt — 9.12% 9.12% GSC Technologies Inc. Senior Secured First Lien Debt 9.37% 5.00% 14.37% Hilliard, Martinez & Gonzales, LLP Senior Secured First Lien Debt — 16.24% 16.24% Homer City Generation, L.P. Senior Secured First Lien Debt — 15.00% 15.00% Independent Pet Partners Intermediate Holdings, LLC Senior Secured First Lien Debt — 6.00% 6.00% Independent Pet Partners Intermediate Holdings, LLC Senior Secured First Lien Debt — 13.00% 13.00% Independent Pet Partners Intermediate Holdings, LLC Senior Secured First Lien Debt — 11.26% 11.26% Independent Pet Partners Intermediate Holdings, LLC Senior Secured First Lien Debt — 14.42% 14.42% Instant Web, LLC Senior Secured First Lien Debt — 11.38% 11.38% Lucky Bucks Holdings LLC Unsecured Note — 12.50% 12.50% Robert C. Hilliard, L.L.P. Senior Secured First Lien Debt — 16.24% 16.24% Rogers Mechanical Contractors, LLC Senior Secured First Lien Debt 11.70% 1.00% 12.70% Service Compression, LLC Senior Secured First Lien Debt 12.83% 2.00% 14.83% Spinal USA, Inc. / Precision Medical Inc. Senior Secured First Lien Debt — 13.24% 13.24% STATinMED, LLC Senior Secured First Lien Debt — 13.80% 13.80% STATinMED, LLC Senior Secured First Lien Debt — 13.94% 13.94% Trademark Global, LLC Senior Secured First Lien Debt 7.07% 4.50% 11.57% Trammell, P.C. Senior Secured First Lien Debt — 19.94% 19.94% Vesta Holdings, LLC Senior Secured First Lien Debt — 21.50% 21.50% Williams Industrial Services Group, Inc. Senior Secured First Lien Debt 10.00% 2.75% 12.75% WPLM Acquisition Corp. Unsecured Note — 15.00% 15.00% Six Months Ended June 30, 2023 Six Months Ended June 30, 2023 Controlled Investments Fair Value at Gross Gross Net Fair Value at June 30, 2023 Net Realized Interest Dividend Income CION/EagleTree Partners, LLC Senior Secured Note $ 60,348 $ — $ (5,521) $ — $ 54,827 $ — $ 3,891 $ — Participating Preferred Shares 30,766 — — (5,587) 25,179 — — 4,250 Common Shares — — — — — — — — Totals $ 91,114 $ — $ (5,521) $ (5,587) $ 80,006 $ — $ 3,891 $ 4,250 (1) Gross additions include increases in the cost basis of investments resulting from new portfolio investments, PIK interest, the amortization of unearned income, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company into this category from a different category. (2) Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company out of this category into a different category. (3) Includes PIK interest income . Year Ended December 31, 2022 Year Ended December 31, 2022 Controlled Investments Fair Value at Gross Gross Net Fair Value at Net Realized Interest Dividend Income CION/EagleTree Partners, LLC Senior Secured Note $ 61,629 $ 2,718 $ (3,999) $ — $ 60,348 $ — $ 8,531 $ — Participating Preferred Shares 29,796 — — 970 30,766 — — 1,275 Common Shares — — — — — — — — Totals $ 91,425 $ 2,718 $ (3,999) $ 970 $ 91,114 $ — $ 8,531 $ 1,275 (1) Gross additions include increases in the cost basis of investments resulting from new portfolio investments, PIK interest, the amortization of unearned income, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company into this category from a different category. (2) Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company out of this category into a different category. (3) Includes PIK interest income . Interest Rate Portfolio Company Investment Type Cash PIK All-in-Rate Adapt Laser Acquisition, Inc. Senior Secured First Lien Debt 15.24% 2.00% 17.24% American Clinical Solutions LLC Senior Secured First Lien Debt 7.00% 5.19% 12.19% American Consolidated Natural Resources, Inc. Senior Secured First Lien Debt 18.27% 3.00% 21.27% Ancile Solutions, Inc. Senior Secured First Lien Debt 12.56% 3.00% 15.56% Anthem Sports & Entertainment Inc. Senior Secured First Lien Debt 11.91% 2.75% 14.66% CION/EagleTree Partners, LLC Senior Secured Note — 14.00% 14.00% David's Bridal, LLC Senior Secured First Lien Debt 14.25% 5.00% 19.25% David's Bridal, LLC Senior Secured First Lien Debt 10.54% 5.00% 15.54% David's Bridal, LLC Senior Secured First Lien Debt 1.00% 11.54% 12.54% Deluxe Entertainment Services, Inc. Senior Secured First Lien Debt 10.54% 1.50% 12.04% Fusion Connect Inc. Senior Secured First Lien Debt 12.86% 1.00% 13.86% GSC Technologies Inc. Senior Secured First Lien Debt — 10.23% 10.23% Hilliard, Martinez & Gonzales, LLP Senior Secured First Lien Debt — 17.27% 17.27% Homer City Generation, L.P. Senior Secured First Lien Debt — 15.00% 15.00% Instant Web, LLC Senior Secured First Lien Debt — 12.22% 12.22% Instant Web, LLC Senior Secured First Lien Debt — 12.00% 12.00% Instant Web, LLC Senior Secured Revolving Loan — 11.77% 11.77% K&N Parent, Inc. Senior Secured First Lien Debt — 13.40% 13.40% Klein Hersh, LLC Senior Secured First Lien Debt 4.90% 12.00% 16.90% Lift Brands, Inc. Senior Secured First Lien Debt — 9.50% 9.50% Lucky Bucks Holdings LLC Unsecured Note — 12.50% 12.50% Robert C. Hilliard, L.L.P. Senior Secured First Lien Debt — 17.27% 17.27% Rogers Mechanical Contractors, LLC Senior Secured First Lien Debt 12.09% 1.00% 13.09% Service Compression, LLC Senior Secured First Lien Debt 13.20% 2.00% 15.20% Spinal USA, Inc. / Precision Medical Inc. Senior Secured First Lien Debt — 14.68% 14.68% STATinMED, LLC Senior Secured First Lien Debt — 14.79% 14.79% Trademark Global, LLC Senior Secured First Lien Debt 8.10% 4.50% 12.60% Trammell, P.C. Senior Secured First Lien Debt — 20.72% 20.72% Williams Industrial Services Group, Inc. Senior Secured First Lien Debt 10.00% 6.18% 16.18% WPLM Acquisition Corp. Unsecured Note — 15.00% 15.00% |
Organization and Principal Busi
Organization and Principal Business | 6 Months Ended |
Jun. 30, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Organization and Principal Business | Organization and Principal Business CĪON Investment Corporation, or the Company, was incorporated under the general corporation laws of the State of Maryland on August 9, 2011. On December 17, 2012, the Company successfully raised gross proceeds from unaffiliated outside investors of at least $2,500, or the minimum offering requirement, and commenced operations. The Company is an externally managed, non-diversified, closed-end management investment company that has elected to be regulated as a business development company, or BDC, under the 1940 Act. The Company elected to be treated for federal income tax purposes as a regulated investment company, or RIC, as defined under Subchapter M of the Internal Revenue Code of 1986, as amended, or the Code. The Company’s investment objective is to generate current income and, to a lesser extent, capital appreciation for investors. The Company’s portfolio is comprised primarily of investments in senior secured debt, including first lien loans, second lien loans and unitranche loans, and, to a lesser extent, collateralized securities, structured products and other similar securities, unsecured debt, and equity, of private and thinly-traded U.S. middle-market companies. The Company is managed by CION Investment Management, LLC, or CIM, a registered investment adviser and an affiliate of the Company. Pursuant to an investment advisory agreement with the Company, CIM oversees the management of the Company’s activities and is responsible for making investment decisions for the Company’s investment portfolio. On August 7, 2023, the board of directors of the Company, including a majority of the board of directors who are not interested persons, approved the renewal of the second amended and restated investment advisory agreement with CIM for a period of twelve months, commencing August 9, 2023. The Company and CIM previously engaged Apollo Investment Management, L.P., or AIM, a subsidiary of Apollo Global Management, Inc., or, together with its subsidiaries, Apollo, a leading global alternative investment manager, to act as the Company’s investment sub-adviser. On July 11, 2017, the members of CIM entered into a third amended and restated limited liability company agreement of CIM, or the Third Amended CIM LLC Agreement, for the purpose of creating a joint venture between AIM and CION Investment Group, LLC, or CIG, an affiliate of the Company. Under the Third Amended CIM LLC Agreement, AIM became a member of CIM and was issued a newly-created class of membership interests in CIM pursuant to which AIM, among other things, shares in the profits, losses, distributions and expenses of CIM with the other members in accordance with the terms of the Third Amended CIM LLC Agreement, which results in CIG and AIM each owning a 50% economic interest in CIM. On July 10, 2017, the Company’s independent directors unanimously approved the termination of the investment sub-advisory agreement with AIM, effective as of July 11, 2017. Although the investment sub-advisory agreement and AIM's engagement as the Company’s investment sub-adviser were terminated, AIM continues to perform certain services for CIM and the Company. AIM is not paid a separate fee in exchange for such services, but is entitled to receive distributions as a member of CIM as described above. On December 4, 2017, the members of CIM entered into a fourth amended and restated limited liability company agreement of CIM, or the Fourth Amended CIM LLC Agreement, under which AIM performs certain services for CIM, which include, among other services, providing (a) trade and settlement support; (b) portfolio and cash reconciliation; (c) market pipeline information regarding syndicated deals, in each case, as reasonably requested by CIM; and (d) monthly valuation reports and support for all broker-quoted investments. AIM may also, from time to time, provide the Company with access to potential investment opportunities made available on Apollo's credit platform on a similar basis as other third-party market participants. All of the Company's investment decisions are the sole responsibility of, and are made at the sole discretion of, CIM's investment committee, which consists entirely of CIG senior personnel. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2023 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | Summary of Significant Accounting Policies Basis of Presentation and Consolidation The accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles, or GAAP, for interim financial information and pursuant to the instructions for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. For a more complete discussion of significant accounting policies and certain other information, the Company’s interim unaudited consolidated financial statements should be read in conjunction with its audited consolidated financial statements as of December 31, 2022 and for the year then ended included in the Company’s Annual Report on Form 10-K. Operating results for interim periods are not necessarily indicative of the results that may be expected for the full year ending December 31, 2023. The consolidated balance sheet and the consolidated schedule of investments as of December 31, 2022 and the consolidated statements of operations, changes in net assets, and cash flows for the year ended December 31, 2022 are derived from the 2022 audited consolidated financial statements and include the accounts of the Company’s wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. The Company does not consolidate its equity interest in CION/EagleTree Partners, LLC, or CION/EagleTree. See Note 7 for a description of the Company’s investment in CION/EagleTree. The Company evaluates subsequent events through the date that the consolidated financial statements are issued. Recently Announced Accounting Pronouncements In June 2022, the Financial Accounting Standards Board, or the FASB, issued ASU 2022-03, Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions , or ASU 2022-03, which clarifies the guidance when measuring the fair value of an equity security subject to contractual restrictions that prohibit the sale of an equity security and introduces new disclosure requirements for equity securities subject to contractual sale restrictions that are measured at fair value in accordance with Topic 820. ASU 2022-03 is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2023. The Company is evaluating the potential impact that the adoption of this guidance will have on the Company’s consolidated financial statements. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting , or ASU 2020-04, which provides optional expedients and exceptions for applying GAAP to contract modifications, hedging relationships and other transactions, subject to meeting certain criteria, that reference LIBOR or another reference rate expected to be discontinued because of the reference rate reform. ASU 2020-04 is effective for all entities as of March 12, 2020 through December 31, 2022. The expedients and exceptions provided by this guidance do not apply to contract modifications and hedging relationships entered into or evaluated after December 31, 2022. In December 2022, the FASB issued ASU No. 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848 , which deferred the sunset date of this guidance to December 31, 2024. The Company is evaluating the potential impact that the adoption of this guidance will have on the Company’s consolidated financial statements. Cash and Cash Equivalents Cash and cash equivalents include cash in banks and highly liquid investments with original maturity dates of three months or less. The Company’s cash and cash equivalents are held principally at one financial institution and at times may exceed insured limits. The Company periodically evaluates the creditworthiness of this institution and has not experienced any losses on such deposits. Foreign Currency Translations The accounting records of the Company are maintained in U.S. dollars. All assets and liabilities denominated in foreign currencies are translated into U.S. dollars based on the foreign exchange rate on the date of valuation. The Company does not isolate that portion of the results of operations resulting from changes in foreign exchange rates on investments from the fluctuations arising from changes in market prices of securities held. Changes in the relationship of foreign currencies to the U.S. dollar can significantly affect the value of these investments and therefore the earnings of the Company. Short Term Investments Short term investments include an investment in a U.S. Treasury obligations fund, which seeks to provide current income and daily liquidity by purchasing U.S. Treasury securities and repurchase agreements that are collateralized by such securities. The Company had $100,771 and $10,869 of such investments at June 30, 2023 and December 31, 2022, respectively, which are included in investments, at fair value on the accompanying consolidated balance sheets and on the consolidated schedules of investments. Income Taxes The Company elected to be treated for federal income tax purposes as a RIC under Subchapter M of the Code. To qualify and maintain qualification as a RIC, the Company must, among other things, meet certain source of income and asset diversification requirements and distribute to shareholders, for each taxable year, at least 90% of the Company’s “investment company taxable income”, which is generally equal to the sum of the Company’s net ordinary income plus the excess, if any, of realized net short-term capital gains over realized net long-term capital losses. If the Company continues to qualify as a RIC and continues to satisfy the annual distribution requirement, the Company will not be subject to corporate level federal income taxes on any income that the Company distributes to its shareholders. The Company intends to make distributions in an amount sufficient to maintain RIC status each year and to avoid any federal income taxes on income. The Company will also be subject to nondeductible federal excise taxes if the Company does not distribute at least 98.0% of net ordinary income, 98.2% of capital gains, if any, and any recognized and undistributed income from prior years for which it paid no federal income taxes. Two of the Company’s wholly-owned consolidated subsidiaries, View ITC, LLC and View Rise, LLC, or collectively the Taxable Subsidiaries, have elected to be treated as taxable entities for U.S. federal income tax purposes. As a result, the Taxable Subsidiaries are not consolidated with the Company for income tax purposes and may generate income tax expense or benefit, and the related tax assets and liabilities, as a result of their ownership of certain portfolio investments. The income tax expense or benefit, if any, and the related tax assets and liabilities, where material, are reflected in the Company’s consolidated financial statements. There were no deferred tax assets or liabilities as of June 30, 2023 or December 31, 2022. Book/tax differences relating to permanent differences are reclassified among the Company’s capital accounts, as appropriate. Additionally, the tax character of distributions is determined in accordance with income tax regulations that may differ from GAAP (see Note 5). Uncertainty in Income Taxes The Company evaluates its tax positions to determine if the tax positions taken meet the minimum recognition threshold for the purposes of measuring and recognizing tax liabilities in the consolidated financial statements. Recognition of a tax benefit or liability with respect to an uncertain tax position is required only when the position is “more likely than not” to be sustained assuming examination by the taxing authorities. The Company recognizes interest and penalties, if any, related to unrecognized tax benefits as income tax expense in the consolidated statements of operations. The Company did not have any uncertain tax positions during the periods presented herein. The Company is subject to examination by U.S. federal, New York State, New York City and Maryland income tax jurisdictions for 2019, 2020 and 2021. Use of Estimates The preparation of the consolidated financial statements in conformity with GAAP requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may materially differ from those estimates. Valuation of Portfolio Investments The fair value of the Company’s investments is determined quarterly in good faith by the Company’s board of directors pursuant to its consistently applied valuation procedures and valuation process in accordance with Accounting Standards Codification Topic 820, Fair Value Measurements and Disclosure , or ASC 820. In accordance with Rule 2a-5 of the 1940 Act, the Company’s board of directors has designated CIM as the Company’s “valuation designee.” The Company’s board of directors and the audit committee of the board of directors, the latter of which is comprised solely of independent directors, oversees the activities, methodology and processes of the valuation designee. ASC 820 defines fair value as the price that would be received from the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820 also establishes a three-tier fair value hierarchy that prioritizes and ranks the level of market price observability of inputs used in measuring investments at fair value. Inputs used to measure these fair values are classified into the following hierarchy: Level 1 - Quoted prices in active markets for identical assets or liabilities, accessible by the Company at the measurement date. Level 2 - Quoted prices for similar assets or liabilities in active markets, or quoted prices for identical or similar assets or liabilities in markets that are not active, or other observable inputs other than quoted prices. Level 3 - Unobservable inputs for the asset or liability. The inputs used in the determination of fair value may require significant management judgment or estimation. Such information may be the result of consensus pricing information or broker quotes that include a disclaimer that the broker would not be held to such a price in an actual transaction. The non-binding nature of consensus pricing and/or quotes accompanied by the disclaimer would result in classification as a Level 3 asset, assuming no additional corroborating evidence. Market price observability is affected by a number of factors, including the type of investment and the characteristics specific to the investment. Investments with readily available active quoted prices or for which fair value can be measured from actively quoted prices generally will have a higher degree of market price observability and a lesser degree of judgment used in measuring fair value. Based on the observability of the inputs used in the valuation techniques, the Company is required to provide disclosures on fair value measurements according to the fair value hierarchy. The level in the fair value hierarchy for each fair value measurement has been determined based on the lowest level of input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to each investment. The level assigned to the investment valuations may not be indicative of the risk or liquidity associated with investing in such investments. Because of the inherent uncertainties of valuation, the values reflected in the consolidated financial statements may differ materially from the value that would be received upon an actual sale of such investments. In addition, changes in the market environment and other events that may occur over the life of the investments may cause the gains or losses that the Company ultimately realizes on these investments to materially differ from the valuations currently assigned. A portion of the Company’s investments consist of debt securities that are traded on a private over-the-counter market for institutional investments. CIM attempts to obtain market quotations from at least two brokers or dealers for each investment (if available, otherwise from a principal market maker or a primary market dealer or other independent pricing service). CIM typically uses the average midpoint of the broker bid/ask price to determine fair value unless a different point within the range is more representative. Because of the private nature of this marketplace (meaning actual transactions are not publicly reported) and the non-binding nature of consensus pricing and/or quotes, the Company believes that these valuation inputs result in Level 3 classification within the fair value hierarchy. As these quotes are only indicative of fair value, CIM benchmarks the implied fair value yield and leverage against what has been observed in the market. If the implied fair value yield and leverage fall within the range of CIM's market pricing matrix, the quotes are deemed to be reliable and used to determine the investment's fair value. Notwithstanding the foregoing, if in the reasonable judgment of CIM, the price of any investment held by the Company and determined in the manner described above does not accurately reflect the fair value of such investment, CIM will value such investment at a price that reflects such investment’s fair value and report such change in the valuation to the board of directors or its designee as soon as practicable. Investments that carry certain restrictions on sale will typically be valued at a discount from the public market value of the investment. Any investments that are not publicly traded or for which a market price is not otherwise readily available are valued at a price that reflects its fair value. With respect to such investments, if CIM is unable to obtain market quotations, the investments are reviewed and valued using one or more of the following types of analyses: i. Market comparable statistics and public trading multiples discounted for illiquidity, minority ownership and other factors for companies with similar characteristics. ii. Valuations implied by third-party investments in the applicable portfolio companies. iii. A benchmarking analysis to compare implied fair value and leverage to comparable market investments. iv. Discounted cash flow analysis, including a terminal value or exit multiple. Determination of fair value involves subjective judgments and estimates. Accordingly, these notes to the Company’s consolidated financial statements refer to the uncertainty with respect to the possible effect of such valuations, and any change in such valuations, on the Company’s consolidated financial statements. Below is a description of factors that CIM may consider when valuing the Company’s equity and debt investments where a market price is not readily available: • the size and scope of a portfolio company and its specific strengths and weaknesses; • prevailing interest rates for like securities; • expected volatility in future interest rates; • leverage; • call features, put features, fees and other relevant terms of the debt; • the borrower’s ability to adequately service its debt; • the fair market value of the portfolio company in relation to the face amount of its outstanding debt; • the quality of collateral securing the Company’s debt investments; • multiples of earnings before interest, taxes, depreciation and amortization, or EBITDA, cash flows, net income, revenues or, in some cases, book value or liquidation value; and • other factors deemed applicable. All of these factors may be subject to adjustment based upon the particular circumstances of a portfolio company or the Company’s actual investment position. For example, adjustments to EBITDA may take into account compensation to previous owners, or acquisition, recapitalization, and restructuring expenses or other related or non-recurring items. The choice of analyses and the weight assigned to such factors may vary across investments and may change within an investment if events occur that warrant such a change. When CIM uses the discounted cash flow model to value the Company's investments, such model deemed appropriate by CIM is prepared for the applicable investments and reviewed by designated members of CIM’s management team. Such models are prepared at least quarterly or on an as needed basis. The model uses the estimated cash flow projections for the underlying investments and an appropriate discount rate is determined based on the latest financial information available for the borrower, prevailing market trends, comparable analysis and other inputs. The model, key assumptions, inputs, and results are reviewed by designated members of CIM’s management team with final approval from the board of directors or its designee. Consistent with the Company’s valuation policy, the Company evaluates the source of inputs, including any markets in which the Company’s investments are trading, in determining fair value. The Company periodically benchmarks the broker quotes from the brokers or dealers against the actual prices at which the Company purchases and sells its investments. Based on the results of the benchmark analysis and the experience of the Company’s management in purchasing and selling these investments, the Company believes that these quotes are reliable indicators of fair value. The Company may also use other methods to determine fair value for securities for which it cannot obtain market quotations through brokers or dealers, including the use of an independent valuation firm. Designated members of CIM’s management team and the Company's board of directors or its designee review and approve the valuation determinations made with respect to these investments in a manner consistent with the Company’s valuation process. As a practical expedient, the Company uses net asset value, or NAV, as the fair value for its equity investment in CION/EagleTree. CION/EagleTree records its underlying investments at fair value on a quarterly basis in accordance with ASC 820. Revenue Recognition Securities transactions are accounted for on the trade date. The Company records interest and dividend income on an accrual basis beginning on the trade settlement date or the ex-dividend date, respectively, to the extent that the Company expects to collect such amounts. For investments in equity tranches of collateralized loan obligations, the Company records income based on the effective interest rate determined using the amortized cost and estimated cash flows, which is updated periodically. Loan origination fees, original issue discounts, or OID, and market discounts/premiums are recorded and such amounts are amortized as adjustments to interest income over the respective term of the loan using the effective interest rate method. Upon the prepayment of a loan or security, prepayment premiums, any unamortized loan origination fees, OID, or market discounts/premiums are recorded as interest income. The Company may have investments in its investment portfolio that contain a PIK interest provision. PIK interest is accrued as interest income if the portfolio company valuation indicates that such PIK interest is collectible and recorded as interest receivable up to the interest payment date. On the interest payment dates, the Company will capitalize the accrued interest receivable attributable to PIK as additional principal due from the borrower. Additional PIK securities typically have the same terms, including maturity dates and interest rates, as the original securities. In order to maintain RIC status, substantially all of this income must be paid out to shareholders in the form of distributions, even if the Company has not collected any cash. For additional information on investments that contain a PIK interest provision, see the consolidated schedules of investments as of June 30, 2023 and December 31, 2022. Loans and debt securities, including those that are individually identified as being impaired under Accounting Standards Codification 310, Receivables , or ASC 310, are generally placed on non-accrual status immediately if, in the opinion of management, principal or interest is not likely to be paid, or when principal or interest is past due 90 days or more. Interest accrued but not collected at the date a loan or security is placed on non-accrual status is reversed against interest income. Interest income is recognized on non-accrual loans or debt securities only to the extent received in cash. However, where there is doubt regarding the ultimate collectability of principal, cash receipts, whether designated as principal or interest, are thereafter applied to reduce the carrying value of the loan or debt security. Loans or securities are restored to accrual status only when interest and principal payments are brought current and future payments are reasonably assured. Dividend income on preferred equity securities is recorded on an accrual basis to the extent that such amounts are payable by the portfolio company and are expected to be collected. Dividend income on common equity securities is recorded on the record date for private portfolio companies or on the ex-dividend date for publicly-traded portfolio companies. The Company may receive fees for capital structuring services that are fixed based on contractual terms, are normally paid at the closing of the investment, are generally non-recurring and non-refundable and are recognized as revenue when earned upon closing of the investment. The services that CIM provides vary by investment, but generally include reviewing existing credit facilities, arranging bank financing, arranging equity financing, structuring financing from multiple lenders, structuring financing from multiple equity investors, restructuring existing loans, raising equity and debt capital, and providing general financial advice, which concludes upon closing of the investment. In certain instances where the Company is invited to participate as a co-lender in a transaction and does not provide significant services in connection with the investment, a portion of loan fees paid to the Company in such situations will be deferred and amortized over the estimated life of the loan as interest income. Other income includes amendment fees that are fixed based on contractual terms and are generally non-recurring and non-refundable and are recognized as revenue when earned upon closing of the transaction. Other income also includes fees for managerial assistance and other consulting services, loan guarantees, commitments, and other services rendered by the Company to its portfolio companies. Such fees are fixed based on contractual terms and are recognized as fee income when earned. Net Realized Gains or Losses and Net Change in Unrealized Appreciation or Depreciation Gains or losses on the sale of investments are calculated by using the weighted-average method. The Company measures realized gains or losses by the difference between the net proceeds from the sale and the weighted-average amortized cost of the investment, without regard to unrealized appreciation or depreciation previously recognized, but considering unamortized upfront fees. Net change in unrealized appreciation or depreciation reflects the change in portfolio investment values during the reporting period, including any reversal of previously recorded unrealized appreciation or depreciation when gains or losses are realized. Capital Gains Incentive Fee Pursuant to the terms of the investment advisory agreement the Company entered into with CIM, the incentive fee on capital gains earned on liquidated investments of the Company’s investment portfolio during operations is determined and payable in arrears as of the end of each calendar year. Prior to October 5, 2021 and under the investment advisory agreement, such fee equaled 20% of the Company’s incentive fee capital gains (i.e., the Company’s realized capital gains on a cumulative basis from inception, calculated as of the end of each calendar year, computed net of all realized capital losses and unrealized capital depreciation on a cumulative basis), less the aggregate amount of any previously paid capital gains incentive fees. Pursuant to the second amended and restated investment advisory agreement, the incentive fee on capital gains was reduced to 17.5%, which became effective on October 5, 2021. On a cumulative basis and to the extent that all realized capital losses and unrealized capital depreciation exceed realized capital gains as well as the aggregate realized net capital gains for which a fee has previously been paid, the Company would not be required to pay CIM a capital gains incentive fee. On a quarterly basis, the Company accrues for the capital gains incentive fee by calculating such fee as if it were due and payable as of the end of such period. While the investment advisory agreement with CIM neither includes nor contemplates the inclusion of unrealized gains in the calculation of the capital gains incentive fee, pursuant to an interpretation of the American Institute for Certified Public Accountants, or AICPA, Technical Practice Aid for investment companies, the Company accrues capital gains incentive fees on unrealized gains. This accrual reflects the incentive fees that would be payable to CIM if the Company’s entire investment portfolio was liquidated at its fair value as of the balance sheet date even though CIM is not entitled to an incentive fee with respect to unrealized gains unless and until such gains are actually realized. Net (Decrease) Increase in Net Assets per Share Net (decrease) increase in net assets per share is calculated based upon the daily weighted average number of shares of common stock outstanding during the reporting period. Distributions Distributions to shareholders are recorded as of the record date. The amount paid as a distribution is declared by the Company's co-chief executive officers and ratified by the board of directors on a quarterly basis. Net realized capital gains, if any, are distributed at least annually. |
Share Transactions
Share Transactions | 6 Months Ended |
Jun. 30, 2023 | |
Equity [Abstract] | |
Share Transactions | Share Transactions The Company’s initial continuous public offering commenced on July 2, 2012 and ended on December 31, 2015. The Company’s follow-on continuous public offering commenced on January 25, 2016 and ended on January 25, 2019. The following table summarizes transactions with respect to shares of the Company’s outstanding common stock during the six months ended June 30, 2023 and 2022 and the year ended December 31, 2022: Six Months Ended Year Ended 2023 2022 2022 Shares Amount Shares Amount Shares Amount Gross shares/proceeds from the offering — $ — — $ — — $ — Reinvestment of distributions — — — — — — Total gross shares/proceeds — — — — — — Share repurchase program (666,657) (6,818) — — (1,658,956) (15,444) Net shares/proceeds from share transactions (666,657) $ (6,818) — $ — (1,658,956) $ (15,444) Since commencing its initial continuous public offering on July 2, 2012 and through June 30, 2023, the Company sold 54,632,827 shares of common stock for net proceeds of $1,138,045. The net proceeds include gross proceeds received from reinvested shareholder distributions of $237,451, for which the Company issued 13,523,489 shares of common stock, and gross proceeds paid for shares of common stock repurchased of $254,692, for which the Company repurchased 15,636,540 shares of common stock. As of June 30, 2023, 15,623,796 shares of common stock repurchased had been retired. On September 15, 2022, the Company's shareholders approved a proposal that authorizes the Company to issue shares of its common stock at prices below the then current NAV per share of the Company’s common stock in one or more offerings for a 12-month period following such shareholder approval. As of June 30, 2023, the Company had not issued any such shares. Distribution Reinvestment Plan In connection with the Listing of its shares of common stock on the NYSE, on September 15, 2021, the Company terminated its previous fifth amended and restated distribution reinvestment plan, or the Old DRP. The final distribution reinvestment under the Old DRP was made as part of the regular monthly distribution paid on September 14, 2021 to shareholders of record as of September 13, 2021. On September 15, 2021, the Company adopted a new distribution reinvestment plan, or the New DRP, which became effective as of the Listing, and first applied to the reinvestment of distributions paid after October 5, 2021. For additional information regarding the terms of the New DRP, see Note 5. Reverse Stock Split Effective on September 21, 2021, every two shares of the Company's common stock then issued and outstanding were automatically combined into one share of the Company's common stock, with the number of then issued and outstanding shares reduced from 113,916,869 to 56,958,440. The reverse stock split amendment also provided that there was no change in the par value of $0.001 per share as a result of the reverse stock split. In addition, the reverse stock split did not modify the rights or preferences of the Company’s common stock. Listing and Fractional Shares On October 5, 2021, the Company's shares of common stock commenced trading on the NYSE under the ticker symbol “CION”. As approved by shareholders on September 7, 2021, the Listing was staggered such that (i) up to 1/3rd of shares held by all shareholders were available for trading upon Listing, (ii) up to 2/3rd of shares held by all shareholders were available for trading starting 180 days after Listing, or April 4, 2022, and (iii) all shares were available for trading starting 270 days after Listing, or July 5, 2022. The Company eliminated all then outstanding fractional shares of its common stock in connection with the Listing, as permitted by the Maryland General Corporation Law, on July 14, 2022. On February 26, 2023, the Company’s shares of common stock also listed and commenced trading on the TASE under the ticker symbol “CION”. Pre-Listing Share Repurchase Program Historically, the Company offered to repurchase shares on a quarterly basis on such terms as determined by the Company’s board of directors in its complete and absolute discretion unless, in the judgment of the independent directors of the Company’s board of directors, such repurchases would not have been in the best interests of the Company’s shareholders or would have violated applicable law. On July 30, 2021, the Company's board of directors, including the independent directors, determined to suspend the Company's share repurchase program commencing with the third quarter of 2021 in anticipation of the Listing and the concurrent enhanced liquidity the Listing was expected to provide. The share repurchase program ultimately terminated upon the Listing and the Company does not expect to implement a new quarterly share repurchase program in the future. Historically, the Company generally limited the number of shares to be repurchased during any calendar year to the number of shares it could have repurchased with the proceeds it received from the issuance of shares pursuant to the Old DRP. At the discretion of the Company’s board of directors, it could have also used cash on hand, cash available from borrowings and cash from liquidation of investments as of the end of the applicable period to repurchase shares. The Company offered to repurchase such shares at a price equal to the estimated net asset value per share on each date of repurchase. Any periodic repurchase offers were subject in part to the Company’s available cash and compliance with the BDC and RIC qualification and diversification rules promulgated under the 1940 Act and the Code, respectively. Post-Listing Share Repurchase Policy On September 15, 2021, the Company’s board of directors, including the independent directors, approved a share repurchase policy authorizing the Company to repurchase up to $50 million of its outstanding common stock after the Listing. On June 24, 2022, the Company’s board of directors, including the independent directors, increased the amount of shares of the Company’s common stock that may be repurchased under the share repurchase policy by $10 million to up to an aggregate of $60 million. Under the share repurchase policy, the Company may purchase shares of its common stock through various means such as open market transactions, including block purchases, and privately negotiated transactions. The number of shares repurchased and the timing, manner, price and amount of any repurchases will be determined at the Company's discretion. Factors include, but are not limited to, share price, trading volume and general market conditions, along with the Company’s general business conditions. The policy may be suspended or discontinued at any time and does not obligate the Company to acquire any specific number of shares of its common stock. On August 16, 2022, as part of the share repurchase policy, the Company entered into a trading plan with an independent broker, Wells Fargo Securities, LLC, or Wells Fargo, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, based in part on historical trading data with respect to the Company’s shares. The 10b5-1 trading plan permits common stock to be repurchased at a time that the Company might otherwise be precluded from doing so under insider trading laws or self-imposed trading restrictions. The 10b5-1 trading plan is subject to price, market volume and timing restrictions. The following table summarizes the share repurchases completed during the year ended December 31, 2022 and the six months ended June 30, 2023: Three Months Ended Repurchase Date Shares Repurchased Percentage of Shares Tendered That Were Repurchased Repurchase Price Per Share Aggregate Consideration for Repurchased Shares 2022 March 31, 2022 N/A — N/A N/A $ — June 30, 2022 N/A — N/A N/A — September 30, 2022 N/A 695,476 N/A $ 9.65 6,711 December 31, 2022 N/A 963,480 N/A 9.06 8,733 Total for the year ended December 31, 2022 1,658,956 $ 15,444 2023 March 31, 2023 N/A 338,029 N/A $ 10.63 $ 3,592 June 30, 2023 N/A 328,628 N/A 9.81 3,226 Total for the six months ended June 30, 2023 666,657 $ 6,818 From July 1, 2023 to August 2, 2023, the Company repurchased 57,691 shares of common stock under the 10b5-1 trading plan for an aggregate purchase price of $621, or an average purchase price of $10.76 per share. As of August 2, 2023, 15,690,588 shares of common stock repurchased by the Company had been retired. |
Transactions with Related Parti
Transactions with Related Parties | 6 Months Ended |
Jun. 30, 2023 | |
Related Party Transactions [Abstract] | |
Transactions with Related Parties | Transactions with Related Parties For the three and six months ended June 30, 2023 and 2022 and the year ended December 31, 2022, fees and other expenses incurred by the Company related to CIM and its affiliates were as follows: Three Months Ended Six Months Ended Year Ended December 31, Entity Capacity Description 2023 2022 2023 2022 2022 CIM Investment adviser Management fees(1) $ 6,546 $ 6,839 $ 13,222 $ 13,494 $ 27,361 CIM Investment adviser Incentive fees(1) 4,965 4,091 11,300 8,224 18,710 CIM Administrative services provider Administrative services expense(1) 910 781 1,747 1,501 3,348 $ 12,421 $ 11,711 $ 26,269 $ 23,219 $ 49,419 (1) Amounts charged directly to operations. The Company has entered into an investment advisory agreement with CIM. On August 7, 2023, the board of directors of the Company, including a majority of the board of directors who are not interested persons, approved the renewal of the second amended and restated investment advisory agreement with CIM for a period of twelve months, commencing August 9, 2023. Pursuant to the investment advisory agreement in effect prior to the Listing, CIM was paid an annual base management fee equal to 2.0% of the average value of the Company’s gross assets, less cash and cash equivalents, and an incentive fee based on the Company’s performance, as described below. Pursuant to the second amended and restated investment advisory agreement, which was effective upon the Listing on October 5, 2021, the annual base management fee was reduced to 1.5% of the average value of the Company’s gross assets (including cash pledged as collateral for the Company’s secured financing arrangements, but excluding other cash and cash equivalents so that investors do not pay the base management fee on such assets), to the extent that the Company’s asset coverage ratio is greater than or equal to 200% (i.e., $1 of debt outstanding for each $1 of equity); provided that, the annual base management fee will be reduced further to 1.0% for any such gross assets purchased with leverage resulting in the Company’s asset coverage ratio dropping below 200%. On December 30, 2021, shareholders approved a proposal to reduce the Company’s asset coverage ratio to 150%. As a result, commencing on December 31, 2021, the Company is required to maintain asset coverage for its senior securities of 150% (i.e., $2 of debt outstanding for each $1 of equity) rather than 200%. The base management fee is payable quarterly in arrears and is calculated based on the two most recently completed calendar quarters. The incentive fee consists of two parts. The first part, which is referred to as the subordinated incentive fee on income, is calculated and payable quarterly in arrears based on “pre-incentive fee net investment income” for the immediately preceding quarter and was subject to a hurdle rate, measured quarterly and expressed as a rate of return on adjusted capital, as defined in the investment advisory agreement in effect prior to the Listing, equal to 1.875% per quarter, or an annualized rate of 7.5%. Under the investment advisory agreement in effect prior to the Listing, the Company paid to CIM 100% of pre-incentive fee net investment income once the hurdle rate was exceeded until the annualized rate of 9.375% was exceeded, at which point the Company paid to CIM 20% of all pre-incentive fee net investment income that exceeded the annualized rate of 9.375%. Under the amended and restated investment advisory agreement also in effect prior to the Listing, the change to the calculation of the subordinated incentive fee payable to CIM that expresses the hurdle rate required for CIM to earn, and be paid, the incentive fee as a percentage of the Company's net assets rather than adjusted capital was implemented. Under the second amended and restated investment advisory agreement, the hurdle rate was reduced to 1.625% per quarter, or an annualized rate of 6.5%, and the Company pays to CIM 100% of pre-incentive fee net investment income once the hurdle rate is exceeded until the annualized rate of 7.879% is exceeded, at which point the Company pays to CIM 17.5% of all pre-incentive fee net investment income. These changes to the subordinated incentive fee on income were effective upon the Listing, except for the change to the calculation of the subordinated incentive fee payable to CIM that replaced adjusted capital with the Company's net assets, which was effective on August 10, 2021. For the three months ended June 30, 2023 and 2022, the Company recorded subordinated incentive fees on income of $4,965 and $4,091, respectively. For the six months ended June 30, 2023 and 2022, the Company recorded subordinated incentive fees on income of $11,300 and $8,224, respectively. As of June 30, 2023 and December 31, 2022, the liabilities recorded for subordinated incentive fees were $4,967 and $5,065, respectively. The second part of the incentive fee, which is referred to as the capital gains incentive fee, is described in Note 2. The Company accrues the capital gains incentive fee based on net realized gains and net unrealized appreciation; however, under the terms of the investment advisory agreement, the fee payable to CIM is based on net realized gains and unrealized depreciation and no such fee is payable with respect to unrealized appreciation unless and until such appreciation is actually realized. For the three and six months ended June 30, 2023 and 2022 and the year ended December 31, 2022, the Company had no liability for and did not record any capital gains incentive fees. On April 1, 2018, the Company entered into an administration agreement with CIM pursuant to which CIM furnishes the Company with administrative services including accounting, investor relations and other administrative services necessary to conduct its day-to-day operations. CIM is reimbursed for administrative expenses it incurs on the Company’s behalf in performing its obligations, provided that such reimbursement is for the lower of CIM’s actual costs or the amount that the Company would have been required to pay for comparable administrative services in the same geographic location. Such costs are reasonably allocated to the Company on the basis of assets, revenues, time records or other reasonable methods. The Company does not reimburse CIM for any services for which it receives a separate fee or for rent, depreciation, utilities, capital equipment or other administrative items allocated to a person with a controlling interest in CIM. On November 8, 2022, the board of directors of the Company, including a majority of the board of directors who are not interested persons, approved the renewal of the administration agreement with CIM for a period of twelve months commencing December 17, 2022. On January 30, 2013, the Company entered into the expense support and conditional reimbursement agreement with CIG, whereby CIG agreed to provide expense support to the Company in an amount that was sufficient to: (1) ensure that no portion of the Company’s distributions to shareholders was paid from its offering proceeds or borrowings, and/or (2) reduce the Company’s operating expenses until it achieved economies of scale sufficient to ensure that the Company bore a reasonable level of expense in relation to its investment income. On December 16, 2015, the Company further amended and restated the expense support and conditional reimbursement agreement for purposes of including AIM as a party to the agreement. On January 2, 2018, the Company entered into an expense support and conditional reimbursement agreement with CIM for purposes of, among other things, replacing CIG and AIM with CIM as the expense support provider pursuant to the terms of the expense support and conditional reimbursement agreement. Pursuant to the expense support and conditional reimbursement agreement, the Company had a conditional obligation to reimburse CIM for any amounts funded by CIM under such agreement (i) if expense support amounts funded by CIM exceeded operating expenses incurred during any fiscal quarter, (ii) if the sum of the Company’s net investment income for tax purposes, net capital gains and the amount of any dividends and other distributions paid to the Company on account of investments in portfolio companies (to the extent not included in net investment income or net capital gains for tax purposes) exceeded the distributions paid by the Company to shareholders, and (iii) during any fiscal quarter that occurred within three years of the date on which CIM funded such amount. The obligation to reimburse CIM for any expense support provided by CIM under such agreement was further conditioned by the following: (i) in the period in which reimbursement was sought, the ratio of operating expenses to average net assets, when considering the reimbursement, could not have exceeded the ratio of operating expenses to average net assets, as defined, for the period when the expense support was provided; (ii) in the period when reimbursement was sought, the annualized distribution rate could not have fallen below the annualized distribution rate for the period when the expense support was provided; and (iii) the expense support could have only been reimbursed within three years from the date the expense support was provided. Expense support, if any, was determined as appropriate to meet the objectives of the expense support and conditional reimbursement agreement. On December 31, 2021, the Company and CIM allowed the expense support and conditional reimbursement agreement to expire in accordance with its terms. There was no unreimbursed expense support funded by CIM upon such expiration. The specific amount of expense support provided by CIM, if any, was determined at the end of each quarter. See Note 5 for additional information on the sources of the Company’s distributions. The Company did not record any obligation to repay expense support from CIM and the Company did not repay any expense support to CIM during the three and six months ended June 30, 2023 and 2022 or the year ended December 31, 2022. As of June 30, 2023 and December 31, 2022, the total liability payable to CIM and its affiliates was $12,087 and $13,692, respectively, which primarily related to fees earned by CIM during the three months ended June 30, 2023 and December 31, 2022, respectively. In the event that CIM undertakes to provide investment advisory services to other clients in the future, it will strive to allocate investment opportunities in a fair and equitable manner consistent with the Company’s investment objective and strategies so that the Company will not be disadvantaged in relation to any other client of the investment adviser or its senior management team. However, it is currently possible that some investment opportunities will be provided to other clients of CIM rather than to the Company. Indemnifications The investment advisory agreement, the administration agreement and the dealer manager agreement each provide certain indemnifications from the Company to the other relevant parties to such agreements. The Company’s maximum exposure under these agreements is unknown. However, the Company has not experienced claims or losses pursuant to these agreements and believes the risk of loss related to such indemnifications to be remote. |
Distributions
Distributions | 6 Months Ended |
Jun. 30, 2023 | |
Equity [Abstract] | |
Distributions | Distributions From February 1, 2014 through July 17, 2017, the Company’s board of directors authorized and declared on a monthly basis a weekly distribution amount per share of common stock. On July 18, 2017, the Company's board of directors authorized and declared on a quarterly basis a weekly distribution amount per share of common stock. Effective September 28, 2017, the Company's board of directors delegated to management the authority to determine the amount, record dates, payment dates and other terms of distributions to shareholders, which will be ratified by the board of directors, each on a quarterly basis. Beginning on March 19, 2020, management changed the timing of declaring distributions from quarterly to monthly and temporarily suspended the payment of distributions to shareholders commencing with the month ended April 30, 2020, whether in cash or pursuant to the Old DRP. On July 15, 2020, the board of directors determined to recommence the payment of distributions to shareholders in August 2020. On September 15, 2021, management changed the timing of declaring and paying regular distributions to shareholders from monthly to quarterly commencing with the fourth quarter of 2021. Distributions in respect of future quarters will be evaluated by management and the board of directors based on circumstances and expectations existing at the time of consideration. Declared distributions are paid quarterly. The Company’s board of directors ratified distributions for 5 and 2 record dates during the year ended December 31, 2022 and the six months ended June 30, 2023, respectively. The following table presents distributions per share that were declared during the year ended December 31, 2022 and the six months ended June 30, 2023: Distributions Three Months Ended Per Share Amount 2022 March 31, 2022 (one record date) $ 0.2800 $ 15,948 June 30, 2022 (one record date) 0.2800 15,949 September 30, 2022 (one record date) 0.3100 17,604 December 31, 2022 (two record dates) 0.5800 32,074 Total distributions for the year ended December 31, 2022 $ 1.4500 $ 81,575 2023 March 31, 2023 (one record date) $ 0.3400 $ 18,687 June 30, 2023 (one record date) 0.3400 18,614 Total distributions for the six months ended June 30, 2023 $ 0.6800 $ 37,301 On August 7, 2023, the Company’s co-chief executive officers declared (i) a regular quarterly distribution of $0.34 per share for the third quarter of 2023 payable on September 15, 2023 to shareholders of record as of September 1, 2023 and (ii) a supplemental distribution of $0.05 per share for both the third and fourth quarters of 2023, payable on October 16, 2023 and January 15, 2024, respectively, to shareholders of record as of September 29, 2023 and December 29, 2023, respectively. In connection with the Listing of its shares of common stock on the NYSE, on September 15, 2021, the Company terminated the Old DRP. The final distribution reinvestment under the Old DRP was made as part of the regular monthly distribution paid on September 14, 2021 to shareholders of record as of September 13, 2021. On September 15, 2021, the Company adopted the New DRP, which became effective as of the Listing and first applied to the reinvestment of distributions paid on December 8, 2021. Under the Old DRP and prior to the Listing, distributions to participating shareholders who “opted in” to the Old DRP were reinvested in additional shares of the Company's common stock at a purchase price equal to the estimated net asset value per share of common stock as of the date of issuance. Upon the Listing, all shareholders were automatically enrolled in the New DRP and will receive distributions as declared by the Company in additional shares of its common stock unless such shareholder affirmatively elects to receive an entire distribution in cash by notifying (i) such shareholder’s financial adviser; or (ii) if such shareholder has a registered account maintained at the Company’s transfer agent, the plan administrator. With respect to distributions to participating shareholders under the New DRP, the Company reserves the right to either issue new shares or cause the plan administrator to purchase shares in the open market in connection with implementation of the New DRP. Unless the Company, in its sole discretion, otherwise directs DST Asset Management Solutions, Inc., the plan administrator, (A) if the per share “market price” (as defined in the New DRP) is equal to or greater than the estimated net asset value per share on the payment date for the distribution, then the Company will issue shares at the greater of (i) the estimated net asset value or (ii) 95% of the market price, or (B) if the market price is less than the estimated net asset value, then, in the Company’s sole discretion, (i) shares will be purchased in open market transactions for the accounts of participating shareholders to the extent practicable, or (ii) the Company will issue shares at the estimated net asset value. Pursuant to the terms of the New DRP, the number of shares to be issued to a participating shareholder will be determined by dividing the total dollar amount of the distribution payable to a participating shareholder by the price per share at which the Company issues such shares; provided, however, that shares purchased in open market transactions by the plan administrator will be allocated to a participating shareholder based on the weighted average purchase price, excluding any brokerage charges or other charges, of all shares purchased in the open market with respect to such distribution. If a shareholder receives distributions in the form of common stock pursuant to the New DRP, such shareholder generally will be subject to the same federal, state and local tax consequences as if they elected to receive distributions in cash. If the Company’s common stock is trading at or below net asset value, a shareholder receiving distributions in the form of additional common stock will be treated as receiving a distribution in the amount of cash that such shareholder would have received if they had elected to receive the distribution in cash. If the Company’s common stock is trading above net asset value, a shareholder receiving distributions in the form of additional common stock will be treated as receiving a distribution in the amount of the fair market value of the Company’s common stock. The shareholder’s basis for determining gain or loss upon the sale of common stock received in a distribution will be equal to the total dollar amount of the distribution payable to the shareholder. Any stock received in a distribution will have a holding period for tax purposes commencing on the day following the day on which the shares of common stock are credited to the shareholder’s account. The following table below provides information concerning the Company’s repurchases of shares of its common stock in the open market during the three months ended June 30, 2023 pursuant to the New DRP in order to satisfy the reinvestment portion of the Company’s distributions: Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Number of Shares That May Yet Be Purchased Under the Plans or Programs April 1 to April 30, 2023 — $ — — — May 1 to May 31, 2023 — — — — June 1 to June 30, 2023 174,424 10.71 174,424 (1) Total 174,424 $ 10.71 174,424 (1) (1) See description above. The Company may fund its distributions to shareholders from any sources of funds available to the Company, including borrowings, net investment income from operations, capital gains proceeds from the sale of assets, non-capital gains proceeds from the sale of assets, and dividends or other distributions paid to it on account of preferred and common equity investments in portfolio companies. Any such distributions can only be sustained if the Company maintains positive investment performance in future periods. There can be no assurances that the Company will maintain such performance in order to sustain these distributions or be able to pay distributions at all. On December 31, 2021, the Company and CIM allowed the expense support and conditional reimbursement agreement to expire in accordance with its terms. As a result, CIM has no obligation to provide expense support to the Company in future periods. The Company has not established limits on the amount of funds it may use from available sources to make distributions. The following table reflects the sources of distributions on a GAAP basis that the Company has declared on its shares of common stock during the six months ended June 30, 2023 and 2022 and the year ended December 31, 2022: Six Months Ended Year Ended 2023 2022 2022 Source of Distribution Per Share Amount Percentage Per Share Amount Percentage Per Share Amount Percentage Net investment income $ 0.6800 $ 37,301 100.0 % $ 0.5600 $ 31,897 100.0 % $ 1.4500 $ 81,575 100.0 % Total distributions $ 0.6800 $ 37,301 100.0 % $ 0.5600 $ 31,897 100.0 % $ 1.4500 $ 81,575 100.0 % It is the Company's policy to comply with all requirements of the Code applicable to RICs and to distribute at least 90% of its taxable income to its shareholders. In addition, by distributing during each calendar year at least 90% of its “investment company taxable income”, which is generally equal to the sum of the Company’s net ordinary income plus the excess, if any, of realized net short-term capital gains over realized net long-term capital losses, the Company intends not to be subject to corporate level federal income tax. Accordingly, no federal income tax provision was required for the year ended December 31, 2022. The Company will also be subject to nondeductible federal excise taxes of 4% if the Company does not distribute at least 98.0% of net ordinary income, 98.2% of capital gains, if any, and any recognized and undistributed income from prior years for which it paid no federal income taxes. Income and capital gain distributions are determined in accordance with the Code and federal tax regulations, which may differ from amounts determined in accordance with GAAP. These book/tax differences, which could be material, are primarily due to differing treatments of income and gains on various investments held by the Company. Permanent book/tax differences result in reclassifications to capital in excess of par value, accumulated undistributed net investment income and accumulated undistributed realized gain on investments. The determination of the tax attributes of the Company’s distributions is made annually as of the end of the Company’s fiscal year based upon the Company’s taxable income for the full year and distributions paid for the full year. The tax characteristics of distributions to shareholders are reported to shareholders annually on Form 1099-DIV. All distributions for 2022 were characterized as ordinary income distributions for federal income tax purposes. The tax components of accumulated earnings or losses for the current year will be determined at year end. As of December 31, 2022, the components of accumulated losses on a tax basis were as follows: December 31, 2022 Undistributed ordinary income $ 8,543 Other accumulated losses(1) (77,942) Net unrealized depreciation on investments (91,091) Total accumulated losses $ (160,490) (1) Includes short term capital loss carryforwards of $7,233 and long term capital loss carryforwards of $66,284. As of June 30, 2023, the aggregate gross unrealized appreciation for all securities in which there was an excess of value over tax cost was $26,828; the aggregate gross unrealized depreciation for all securities in which there was an excess of tax cost over value was $169,033; the net unrealized depreciation was $142,205; and the aggregate cost of securities for Federal income tax purposes was $1,930,667. As of December 31, 2022, the aggregate gross unrealized appreciation for all securities in which there was an excess of value over tax cost was $31,155; the aggregate gross unrealized depreciation for all securities in which there was an excess of tax cost over value was $122,246; the net unrealized depreciation was $91,091; and the aggregate cost of securities for Federal income tax purposes was $1,851,121. |
Investments
Investments | 6 Months Ended |
Jun. 30, 2023 | |
Investments, Debt and Equity Securities [Abstract] | |
Investments | Investments The composition of the Company’s investment portfolio as of June 30, 2023 and December 31, 2022 at amortized cost and fair value was as follows: June 30, 2023 December 31, 2022 Cost(1) Fair Percentage of Cost(1) Fair Percentage of Senior secured first lien debt $ 1,546,799 $ 1,468,630 87.0 % $ 1,638,995 $ 1,579,512 90.3 % Senior secured second lien debt 41,153 39,544 2.3 % 41,036 38,769 2.2 % Collateralized securities and structured products - equity 2,510 1,046 0.1 % 2,687 1,179 0.1 % Unsecured debt 34,635 17,301 1.0 % 30,427 22,643 1.3 % Equity 139,145 161,170 9.6 % 79,595 107,058 6.1 % Subtotal/total percentage 1,764,242 1,687,691 100.0 % 1,792,740 1,749,161 100.0 % Short term investments(2) 100,771 100,771 10,869 10,869 Total investments $ 1,865,013 $ 1,788,462 $ 1,803,609 $ 1,760,030 (1) Cost represents the original cost adjusted for the amortization of premiums and/or accretion of discounts, as applicable, for debt investments and cost for equity investments. (2) Short term investments represent an investment in a fund that invests in highly liquid investments with average original maturity dates of three months or less. The following tables show the composition of the Company’s investment portfolio by industry classification and geographic dispersion, and the percentage, by fair value, of the total investment portfolio assets in such industries and geographies as of June 30, 2023 and December 31, 2022: June 30, 2023 December 31, 2022 Industry Classification Investments at Percentage of Investments at Percentage of Services: Business $ 302,710 18.0 % $ 336,055 19.2 % Healthcare & Pharmaceuticals 236,791 14.0 % 237,082 13.6 % Media: Diversified & Production 122,742 7.3 % 134,927 7.7 % Media: Advertising, Printing & Publishing 110,139 6.5 % 105,375 6.0 % Services: Consumer 105,328 6.3 % 115,849 6.6 % Diversified Financials 81,052 4.8 % 99,819 5.7 % Construction & Building 71,133 4.2 % 46,007 2.6 % Chemicals, Plastics & Rubber 67,947 4.0 % 66,753 3.8 % Energy: Oil & Gas 66,248 3.9 % 68,756 3.9 % Retail 63,042 3.8 % 74,718 4.3 % Consumer Goods: Durable 61,172 3.6 % 60,735 3.5 % Hotel, Gaming & Leisure 60,211 3.6 % 46,739 2.7 % High Tech Industries 52,664 3.1 % 56,501 3.2 % Beverage, Food & Tobacco 51,337 3.0 % 45,396 2.6 % Capital Equipment 46,606 2.8 % 41,580 2.4 % Consumer Goods: Non-Durable 43,003 2.5 % 47,886 2.8 % Banking, Finance, Insurance & Real Estate 36,139 2.1 % 43,836 2.5 % Containers, Packaging & Glass 19,453 1.2 % 19,551 1.1 % Telecommunications 18,315 1.1 % 18,302 1.1 % Automotive 16,231 1.0 % 16,255 0.9 % Metals & Mining 15,781 0.9 % 15,780 0.9 % Environmental Industries 14,722 0.9 % — — Aerospace & Defense 12,627 0.7 % 38,842 2.2 % Transportation: Cargo 12,298 0.7 % 12,417 0.7 % Subtotal/total percentage 1,687,691 100.0 % 1,749,161 100.0 % Short term investments 100,771 10,869 Total investments $ 1,788,462 $ 1,760,030 June 30, 2023 December 31, 2022 Geographic Dispersion(1) Investments at Percentage of Investments at Percentage of United States $ 1,675,076 99.3 % $ 1,739,866 99.5 % Canada 10,682 0.5 % 7,452 0.4 % Cayman Islands 1,046 0.1 % 1,179 0.1 % Bermuda 887 0.1 % 664 — Subtotal/total percentage 1,687,691 100.0 % 1,749,161 100.0 % Short term investments 100,771 10,869 Total investments $ 1,788,462 $ 1,760,030 (1) The geographic dispersion is determined by the portfolio company's country of domicile. As of June 30, 2023 and December 31, 2022, investments on non-accrual status represented 1.7% and 1.3%, respectively, of the Company's investment portfolio on a fair value basis. The Company’s investment portfolio may contain senior secured investments that are in the form of lines of credit, delayed draw term loans, revolving credit facilities, or unfunded commitments, which may require the Company to provide funding when requested in accordance with the terms of the underlying agreements. As of June 30, 2023 and December 31, 2022, the Company’s unfunded commitments amounted to $56,378 and $71,420, respectively. As of August 2, 2023, the Company’s unfunded commitments amounted to $54,475. Since these commitments may expire without being drawn upon, unfunded commitments do not necessarily represent future cash requirements or future earning assets for the Company. Refer to Note 11 for further details on the Company’s unfunded commitments. |
Joint Ventures
Joint Ventures | 6 Months Ended |
Jun. 30, 2023 | |
Equity Method Investments and Joint Ventures [Abstract] | |
Joint Ventures | Joint Ventures CION/EagleTree Partners, LLC On December 21, 2021, the Company formed CION/EagleTree, an off-balance sheet joint venture partnership with ET-BC Debt Opportunities, LP, or ET-BC, which is an affiliate of EagleTree Capital, LP, or EagleTree. EagleTree made a Firm-level investment with proprietary capital. CION/EagleTree jointly pursues debt and equity opportunities, as well as special situation, crossover, subordinated and other junior capital investments that leverages the Company's and EagleTree's combined sourcing and portfolio management capabilities. The Company contributed a portfolio of second lien loans and equity investments and ET-BC contributed proprietary Firm-level cash in exchange for 85% and 15%, respectively, of the senior secured notes, participating preferred equity, and common share interests of CION/EagleTree. The Company and ET-BC are not required to make any additional capital contributions to CION/EagleTree. The Company’s equity investment in CION/EagleTree is not redeemable. All portfolio and other material decisions regarding CION/EagleTree must be submitted to its board of managers, which is comprised of four members, two of whom were selected by the Company and the other two were selected by ET-BC. Further, all portfolio and other material decisions require the affirmative vote of at least one board member from the Company and one board member from ET-BC. The Company also serves as administrative agent to CION/EagleTree to provide servicing functions and other administrative services. In certain cases, these servicing functions and other administrative services may be performed by CIM. On December 21, 2021, CION/EagleTree issued senior secured notes of $61,629 to the Company and $10,875 to ET-BC, or the CION/EagleTree Notes. The CION/EagleTree Notes bear interest at a fixed rate of 14.0% per year and are secured by a first priority security interest in all of the assets of CION/EagleTree. The obligations of CION/EagleTree under the CION/EagleTree Notes are non-recourse to the Company. In accordance with ASU 2015-02, Consolidation , the Company determined that CION/EagleTree is not a variable interest entity, or VIE, as the Company is not the primary beneficiary and therefore does not consolidate CION/EagleTree. The Company's maximum exposure to losses from CION/EagleTree is limited to its investment in CION/EagleTree. The following table sets forth the individual investments in CION/EagleTree's portfolio as of June 30, 2023: Portfolio Company Interest(a) Maturity Industry Principal/ Cost(b) Fair Senior Secured First Lien Debt Berlitz Holdings, Inc.(g) S+900, 1.00% SOFR Floor 2/14/2025 Services: Business $ 1,200 $ 1,141 $ 1,167 Community Tree Service, LLC(h) S+1100, 1.00% SOFR Floor 6/17/2027 Construction & Building 460 460 452 Future Pak, LLC(g) S+1000, 2.00% SOFR Floor 7/2/2024 Healthcare & Pharmaceuticals 1,162 1,155 1,162 Total Senior Secured First Lien Debt 2,756 2,781 Senior Secured Second Lien Debt Access CIG, LLC(f) L+775, 0.00% LIBOR Floor 2/27/2026 Services: Business 7,250 7,225 7,105 MedPlast Holdings, Inc.(e) L+775, 0.00% LIBOR Floor 7/2/2026 Healthcare & Pharmaceuticals 6,750 6,206 6,539 Total Senior Secured Second Lien Debt 13,431 13,644 Collateralized Securities and Structured Products - Equity Ivy Hill Middle Market Credit Fund VIII, Ltd. Subordinated Loan(c) 11.84% Estimated Yield 2/2/2026 Diversified Financials 10,000 9,796 9,263 Total Collateralized Securities and Structured Products - Equity 9,796 9,263 Equity American Clinical Solutions LLC, Class A Membership Interests(d) Healthcare & Pharmaceuticals 6,030,384 Units 5,200 5,910 Anthem Sports and Entertainment Inc., Class A Preferred Stock Warrants(d) Media: Diversified & Production 1,469 Units 486 1,553 Anthem Sports and Entertainment Inc., Class B Preferred Stock Warrants(d) Media: Diversified & Production 255 Units — 171 Anthem Sports and Entertainment Inc., Common Stock Warrants(d) Media: Diversified & Production 4,746 Units — 96 BCP Great Lakes II - Series A Holdings LP, Partnership Interests (4.2% ownership) Diversified Financials N/A 13,100 12,672 Carestream Health Holdings, Inc., Common Stock(d) Healthcare & Pharmaceuticals 613,262 Units 21,759 20,716 CHC Medical Partners, Inc., Series C Preferred Stock, 12% Dividend Healthcare & Pharmaceuticals 2,727,273 Units 8,055 9,321 CTS Ultimate Holdings LLC, Class A Preferred Units(d) Construction & Building 3,578,701 Units 1,000 608 Dayton HoldCo, LLC, Membership Units(d) Construction & Building 37,264 Units 8,400 14,537 HDNet Holdco LLC, Preferred Unit Call Option(d) Media: Diversified & Production 1 Unit — 100 HW Ultimate Holdings, LP, Class A Membership Units, 4% Dividend(i) Capital Equipment 2,000,000 Units 2,082 — Language Education Holdings GP LLC, Common Units(d) Services: Business 133,333 Units — — Language Education Holdings LP, Ordinary Common Units(d) Services: Business 133,333 Units 300 495 Skillsoft Corp., Class A Common Stock(d) High Tech Industries 243,425 Units 2,000 302 Spinal USA, Inc. / Precision Medical Inc., Warrants(d) Healthcare & Pharmaceuticals 20,667,324 Units — — Total Equity 62,382 66,481 Short Term Investments First American Treasury Obligations Fund, Class Z Shares 1,443 1,443 Total Short Term Investments 1,443 1,443 TOTAL INVESTMENTS $ 89,808 $ 93,612 a. The actual LIBOR rate for each loan listed may not be the applicable LIBOR rate as of June 30, 2023, as the loan may have been priced or repriced based on a LIBOR rate prior to or subsequent to June 30, 2023. The actual SOFR rate for each loan listed may not be the applicable SOFR rate as of June 30, 2023, as the loan may have been priced or repriced based on a SOFR rate prior to or subsequent to June 30, 2023. b. Represents amortized cost for debt securities and cost for equity investments. c. The CLO subordinated notes are considered equity positions in the CLO vehicles and are not rated. Equity investments are entitled to recurring distributions, which are generally equal to the remaining cash flow of the payments made by the underlying vehicle's securities less contractual payments to debt holders and expenses. The estimated yield indicated is based upon a current projection of the amount and timing of these recurring distributions and the estimated amount of repayment of principal upon termination. Such projections are periodically reviewed and adjusted, and the estimated yield may not ultimately be realized. d. Non-income producing security. e. The interest rate on these loans is subject to 1 month LIBOR, which as of June 30, 2023 was 5.22%. f. The interest rate on these loans is subject to 3 month LIBOR, which as of June 30, 2023 was 5.54% . g. The interest rate on these loans is subject to 1 month SOFR, which as of June 30, 2023 was 5.14%. h. The interest rate on these loans is subject to 3 month SOFR, which as of June 30, 2023 was 5.27%. i. Investment or a portion thereof was on non-accrual status as of June 30, 2023. The following table sets forth the individual investments in CION/EagleTree's portfolio as of December 31, 2022: Portfolio Company Interest(a) Maturity Industry Principal/ Cost(b) Fair Senior Secured First Lien Debt Berlitz Holdings, Inc.(g) S+900, 1.00% SOFR Floor 2/14/2025 Services: Business $ 1,200 $ 1,125 $ 1,146 Community Tree Service, LLC(h) S+850, 1.00% SOFR Floor 6/17/2027 Construction & Building 499 499 489 Future Pak, LLC(e) L+800, 2.00% LIBOR Floor 7/2/2024 Healthcare & Pharmaceuticals 1,395 1,382 1,372 Total Senior Secured First Lien Debt 3,006 3,007 Senior Secured Second Lien Debt Access CIG, LLC(f) L+775, 0.00% LIBOR Floor 2/27/2026 Services: Business 7,250 7,220 6,933 Dayton Superior Corp.(e) L+700, 2.00% LIBOR Floor 12/4/2024 Construction & Building 1,010 1,010 1,007 MedPlast Holdings, Inc.(e) L+775, 0.00% LIBOR Floor 7/2/2026 Healthcare & Pharmaceuticals 6,750 6,135 6,337 Zest Acquisition Corp.(e) L+700, 1.00% LIBOR Floor 3/14/2026 Healthcare & Pharmaceuticals 15,000 14,820 14,175 Total Senior Secured Second Lien Debt 29,185 28,452 Collateralized Securities and Structured Products - Equity Ivy Hill Middle Market Credit Fund VIII, Ltd. Subordinated Loan(c) 11.84% Estimated Yield 2/2/2026 Diversified Financials 10,000 9,874 9,523 Total Collateralized Securities and Structured Products - Equity 9,874 9,523 Equity American Clinical Solutions LLC, Class A Membership Interests(d) Healthcare & Pharmaceuticals 6,030,384 Units 5,200 3,618 Anthem Sports and Entertainment Inc., Class A Preferred Stock Warrants(d) Media: Diversified & Production 1,469 Units 486 1,881 Anthem Sports and Entertainment Inc., Class B Preferred Stock Warrants(d) Media: Diversified & Production 255 Units — 187 Anthem Sports and Entertainment Inc., Common Stock Warrants(d) Media: Diversified & Production 4,746 Units — 580 BCP Great Lakes II - Series A Holdings LP, Partnership Interests (4.2% ownership) Diversified Financials N/A 11,436 11,058 Carestream Health Holdings, Inc., Common Stock(d) Healthcare & Pharmaceuticals 613,262 Units 21,759 21,544 CHC Medical Partners, Inc., Series C Preferred Stock, 12% Dividend Healthcare & Pharmaceuticals 2,727,273 Units 7,891 8,877 CTS Ultimate Holdings LLC, Class A Preferred Units(d) Construction & Building 3,578,701 Units 1,000 859 Dayton HoldCo, LLC, Membership Units(d) Construction & Building 37,264 Units 8,400 15,334 HDNet Holdco LLC, Preferred Unit Call Option(d) Media: Diversified & Production 1 Unit — 185 HW Ultimate Holdings, LP, Class A Membership Units, 4% Dividend Capital Equipment 2,000,000 Units 2,082 130 Language Education Holdings GP LLC, Common Units(d) Services: Business 133,333 Units — — Language Education Holdings LP, Ordinary Common Units(d) Services: Business 133,333 Units 300 427 Skillsoft Corp., Class A Common Stock(d) High Tech Industries 243,425 Units 2,000 316 Spinal USA, Inc. / Precision Medical Inc., Warrants(d) Healthcare & Pharmaceuticals 20,667,324 Units — — Total Equity 60,554 64,996 TOTAL INVESTMENTS $ 102,619 $ 105,978 a. The actual LIBOR rate for each loan listed may not be the applicable LIBOR rate as of December 31, 2022, as the loan may have been priced or repriced based on a LIBOR rate prior to or subsequent to December 31, 2022. The actual SOFR rate for each loan listed may not be the applicable SOFR rate as of December 31, 2022, as the loan may have been priced or repriced based on a SOFR rate prior to or subsequent to December 31, 2022. b. Represents amortized cost for debt securities and cost for equity investments. c. The CLO subordinated notes are considered equity positions in the CLO vehicles and are not rated. Equity investments are entitled to recurring distributions, which are generally equal to the remaining cash flow of the payments made by the underlying vehicle's securities less contractual payments to debt holders and expenses. The estimated yield indicated is based upon a current projection of the amount and timing of these recurring distributions and the estimated amount of repayment of principal upon termination. Such projections are periodically reviewed and adjusted, and the estimated yield may not ultimately be realized. d. Non-income producing security. e. The interest rate on these loans is subject to 1 month LIBOR, which as of December 31, 2022 was 4.39%. f. The interest rate on these loans is subject to 3 month LIBOR, which as of December 31, 2022 was 4.77%. g. The interest rate on these loans is subject to 1 month SOFR, which as of December 31, 2022 was 4.36%. h. The interest rate on these loans is subject to 3 month SOFR, which as of December 31, 2022 was 4.59%. The following table includes selected balance sheet information for CION/EagleTree as of June 30, 2023 and December 31, 2022: Selected Balance Sheet Information: June 30, 2023 December 31, 2022 Investments, at fair value (amortized cost of $89,808 and $102,619, respectively) $ 93,612 $ 105,978 Cash and other assets — 2,476 Dividend receivable on investments 479 225 Interest receivable on investments 284 301 Total assets $ 94,375 $ 108,980 Senior secured notes (net of unamortized debt issuance costs of $82 and $94, respectively) $ 64,420 $ 70,904 Other liabilities 333 1,881 Total liabilities 64,753 72,785 Members' capital 29,622 36,195 Total liabilities and members' capital $ 94,375 $ 108,980 The following table includes selected statement of operations information for CION/EagleTree for the three and six months ended June 30, 2023 and 2022 and for the year ended December 31, 2022: Three Months Ended Six Months Ended Year Ended Selected Statement of Operations Information: 2023 2022 2023 2022 2022 Total revenues $ 1,468 $ 1,839 $ 3,063 $ 3,723 $ 9,653 Total expenses 2,566 2,802 5,258 5,522 11,120 Net realized gain on investments — — 176 — 9,947 Net change in unrealized appreciation (depreciation) on investments 409 (695) 446 (153) (5,839) Net (decrease) increase in net assets $ (689) $ (1,658) $ (1,573) $ (1,952) $ 2,641 |
Financing Arrangements
Financing Arrangements | 6 Months Ended |
Jun. 30, 2023 | |
Debt Disclosure [Abstract] | |
Financing Arrangements | Financing Arrangements The following table presents summary information with respect to the Company’s outstanding financing arrangements as of June 30, 2023: Financing Arrangement Type of Financing Arrangement Rate Amount Outstanding Amount Available Maturity Date JPM Credit Facility Term Loan Credit Facility SOFR+3.20% $ 600,000 $ 75,000 May 15, 2025 2026 Notes(1) Note Purchase Agreement 4.50% 125,000 — February 11, 2026 UBS Facility Repurchase Agreement SOFR+3.525% 100,000 50,000 November 19, 2024 Series A Notes Israel Public Bond Offering SOFR+3.82% 80,712 — August 31, 2026 2022 More Term Loan Term Loan Facility Agreement SOFR+3.50% 50,000 — April 27, 2027 2021 More Term Loan(2) Term Loan Facility Agreement 5.20% 30,000 — September 30, 2024 $ 985,712 $ 125,000 (1) As of June 30, 2023, the fair value of the 2026 Notes was $122,500, which was based on a yield analysis and discount rate commensurate with the market yields for similar types of debt. The fair value of these debt obligations would be categorized as Level 3 under ASC 820 as of June 30, 2023. (2) As of June 30, 2023, the fair value of the 2021 More Term Loan was $29,513, which was based on a yield analysis and discount rate commensurate with the market yields for similar types of debt. The fair value of these debt obligations would be categorized as Level 3 under ASC 820 as of June 30, 2023. JPM Credit Facility On August 26, 2016, 34th Street entered into a senior secured credit facility with JPM. The senior secured credit facility with JPM, or the JPM Credit Facility, provided for borrowings in an aggregate principal amount of $150,000, of which $25,000 could have been funded as a revolving credit facility, each subject to conditions described in the JPM Credit Facility. On August 26, 2016, 34th Street drew down $57,000 of borrowings under the JPM Credit Facility. On September 30, 2016, July 11, 2017, November 28, 2017 and May 23, 2018, 34th Street amended and restated the JPM Credit Facility, or the Amended JPM Credit Facility, with JPM. Under the Amended JPM Credit Facility entered into on September 30, 2016, the aggregate principal amount available for borrowings was increased from $150,000 to $225,000, of which $25,000 could have been funded as a revolving credit facility, subject to conditions described in the Amended JPM Credit Facility. Under the Amended JPM Credit Facility entered into on July 11, 2017 and November 28, 2017, certain immaterial administrative amendments were made as a result of the termination of AIM as the Company's investment sub-adviser as discussed in Note 1. Under the Amended JPM Credit Facility entered into on May 23, 2018, (i) the aggregate principal amount available for borrowings was increased from $225,000 to $275,000, of which $25,000 could have been funded as a revolving credit facility, subject to conditions described in the Amended JPM Credit Facility, (ii) the reinvestment period was extended until August 24, 2020 and (iii) the maturity date was extended to August 24, 2021. On May 15, 2020, 34th Street amended and restated the Amended JPM Credit Facility, or the Second Amended JPM Credit Facility, with JPM in order to fully repay all amounts outstanding under the Company's prior Citibank Credit Facility and MS Credit Facility and repay $100,000 of advances outstanding under the UBS Facility (as described below). Under the Second Amended JPM Credit Facility, the aggregate principal amount available for borrowings was increased from $275,000 to $700,000, of which $75,000 may be funded as a revolving credit facility, subject to conditions described in the Second Amended JPM Credit Facility, during the reinvestment period. Under the Second Amended JPM Credit Facility, the reinvestment period was extended until May 15, 2022 and the maturity date was extended to May 15, 2023. Advances under the Second Amended JPM Credit Facility bore interest at a floating rate equal to the three-month LIBOR, plus a spread of 3.25% per year. On February 26, 2021, 34th Street amended and restated the Second Amended JPM Credit Facility, or the Third Amended JPM Credit Facility, with JPM. Under the Third Amended JPM Credit Facility, the aggregate principal amount available for borrowings was reduced from $700,000 to $575,000, subject to conditions described in the Third Amended JPM Credit Facility. In addition, under the Third Amended JPM Credit Facility, the reinvestment period was extended from May 15, 2022 to May 15, 2023 and the maturity date was extended from May 15, 2023 to May 15, 2024. Advances under the Third Amended JPM Credit Facility bore interest at a floating rate equal to the three-month LIBOR, plus a spread of 3.10% per year. 34th Street incurred certain customary costs and expenses in connection with the Third Amended JPM Credit Facility. No other material terms of the Second Amended JPM Credit Facility were revised in connection with the Third Amended JPM Credit Facility. On March 28, 2022, 34th Street entered into a First Amendment to the Third Amended JPM Credit Facility with JPM, or the JPM First Amendment. Under the JPM First Amendment, the aggregate principal amount available for borrowings was increased from $575,000 to $675,000, subject to conditions described in the JPM First Amendment. Additional advances of up to $100,000 under the JPM First Amendment bore interest at a floating rate equal to the three-month SOFR, plus a credit spread of 3.10% per year, and a LIBOR to SOFR credit spread adjustment of 0.15%. 34 th Street incurred certain customary costs and expenses in connection with the JPM First Amendment. No other material terms of the Third Amended JPM Credit Facility were revised in connection with the JPM First Amendment. On May 15, 2023, 34th Street entered into a Second Amendment to the Third Amended JPM Credit Facility with JPM, or the JPM Second Amendment. Under the JPM Second Amendment, the aggregate principal amount available for borrowings remained unchanged of up to $675,000 but all such advances bear interest at a floating rate equal to the three-month SOFR, plus a credit spread of 3.05% per year, and a LIBOR to SOFR credit spread adjustment of 0.15%. The reinvestment period was extended from May 15, 2023 to May 15, 2024 and the maturity date was extended from May 15, 2024 to May 15, 2025. Also under the JPM Second Amendment, the amount of minimum borrowings required was reduced by $50,000 to $550,000 with a six-month non-call provision. 34 th Street incurred certain customary costs and expenses in connection with the JPM Second Amendment. No other material terms of the Third Amended JPM Credit Facility were revised in connection with the JPM Second Amendment. Interest is payable quarterly in arrears. 34th Street may prepay advances pursuant to the terms and conditions of the Third Amended JPM Credit Facility and the JPM Second Amendment, subject to a 1.0% premium in certain circumstances. In addition, 34th Street will be subject to a non-usage fee of 1.0% per year on the amount, if any, of the aggregate principal amount available under the Third Amended JPM Credit Facility and the JPM Second Amendment that has not been borrowed through May 14, 2024. The non-usage fees, if any, are payable quarterly in arrears. As of June 30, 2023 and December 31, 2022, the aggregate principal amount outstanding on the Third Amended JPM Credit Facility and the JPM Second Amendment was $600,000 and $610,000, respectively. The carrying amount outstanding under the Third Amended JPM Credit Facility approximates its fair value. The Company contributed loans and other corporate debt securities to 34th Street in exchange for 100% of the membership interests of 34th Street, and may contribute additional loans and other corporate debt securities to 34th Street in the future. 34th Street’s obligations to JPM under the Third Amended JPM Credit Facility and the JPM Second Amendment are secured by a first priority security interest in all of the assets of 34th Street. The obligations of 34th Street under the Third Amended JPM Credit Facility and the JPM Second Amendment are non-recourse to the Company, and the Company’s exposure under the Third Amended JPM Credit Facility and the JPM Second Amendment is limited to the value of the Company’s investment in 34th Street. In connection with the Third Amended JPM Credit Facility and the JPM Second Amendment, 34th Street made certain representations and warranties and is required to comply with a borrowing base requirement, various covenants, reporting requirements and other customary requirements for similar facilities. As of and for the three months ended June 30, 2023, 34th Street was in compliance with all covenants and reporting requirements. Through June 30, 2023, the Company incurred debt issuance costs of $13,790 in connection with obtaining and amending the JPM Credit Facility, which were recorded as a direct reduction to the outstanding balance of the Third Amended JPM Credit Facility and the JPM Second Amendment, which is included in the Company’s consolidated balance sheet as of June 30, 2023 and will amortize to interest expense over the term of the Third Amended JPM Credit Facility and the JPM Second Amendment. At June 30, 2023, the unamortized portion of the debt issuance costs was $3,726. For the three and six months ended June 30, 2023 and 2022 and the year ended December 31, 2022, the components of interest expense, average borrowings, and weighted average interest rate for the JPM Second Amendment and the Third Amended JPM Credit Facility were as follows: Three Months Ended June 30, Six Months Ended June 30, Year Ended December 31, 2023 2022 2023 2022 2022 Stated interest expense $ 12,385 $ 6,056 $ 24,375 $ 10,763 $ 29,254 Amortization of deferred financing costs 532 571 1,096 1,061 2,214 Non-usage fee 189 193 360 263 617 Total interest expense $ 13,106 $ 6,820 $ 25,831 $ 12,087 $ 32,085 Weighted average interest rate(1) 8.30 % 4.12 % 8.16 % 3.81 % 4.99 % Average borrowings $ 600,000 $ 598,571 $ 603,315 $ 575,083 $ 590,603 (1) Includes the stated interest expense and non-usage fee on the unused portion of the JPM Second Amendment and the Third Amended JPM Credit Facility and is annualized for periods covering less than one year. 2026 Notes On February 11, 2021, the Company entered into a Note Purchase Agreement with certain purchasers, or the Note Purchase Agreement, in connection with the Company’s issuance of $125,000 aggregate principal amount of its 4.50% senior unsecured notes due in 2026, or the 2026 Notes. The net proceeds to the Company were approximately $122,300, after the deduction of placement agent fees and other financing expenses, which the Company used to repay debt under its secured financing arrangements. The 2026 Notes mature on February 11, 2026. The 2026 Notes bear interest at a rate of 4.50% per year payable semi-annually on February 11th and August 11th of each year, which commenced on August 11, 2021. The Company has the right to, at its option, redeem all or a part that is not less than 10% of the 2026 Notes (i) on or before February 11, 2024, at a redemption price equal to 100% of the principal amount of 2026 Notes to be redeemed plus an applicable “make-whole” amount equal to (x) the discounted value of the remaining scheduled payments with respect to the principal of such 2026 Note that is to be prepaid or becomes due and payable pursuant to the Note Purchase Agreement over (y) the amount of such called principal, plus accrued and unpaid interest, if any, (ii) after February 11, 2024 but on or before February 11, 2025, at a redemption price equal to 102% of the principal amount of the 2026 Notes to be redeemed, plus accrued and unpaid interest, if any, (iii) after February 11, 2025 but on or before August 11, 2025, at a redemption price equal to 101% of the principal amount of the 2026 Notes to be redeemed, plus accrued and unpaid interest, if any, and (iv) after August 11, 2025, at a redemption price equal to 100% of the principal amount of the 2026 Notes to be redeemed, plus accrued and unpaid interest, if any. For any redemptions occurring on or before February 11, 2024, the discounted value portion of the “make whole amount” is calculated by applying a discount rate on the same periodic basis as that on which interest on the 2026 Notes is payable equal to the sum of 0.50% plus the yield to maturity of the most recently issued U.S. Treasury securities having a maturity equal to the remaining average life of the 2026 Notes, or if there are no such U.S. Treasury securities, using such implied yield to maturity determined in accordance with the terms of the Note Purchase Agreement. The 2026 Notes are general unsecured obligations of the Company that rank pari passu with all existing and future unsecured unsubordinated indebtedness issued by the Company, rank effectively junior to any of the Company’s secured indebtedness (including unsecured indebtedness that the Company later secures) to the extent of the value of the assets securing such indebtedness, and rank structurally junior to all existing and future indebtedness (including trade payables) incurred by certain of the Company’s subsidiaries, financing vehicles or similar facilities. The Note Purchase Agreement contains other terms and conditions, including, without limitation, affirmative and negative covenants such as (i) information reporting, (ii) maintenance of the Company’s status as a BDC, (iii) minimum shareholders’ equity of 60% of the Company’s net asset value as of the year ended December 31, 2020 plus 50% of the net cash proceeds of the sale of certain equity interests by the Company after February 11, 2021, if any, (iv) a minimum asset coverage ratio of not less than 150%, (v) a minimum interest coverage ratio of 1.25 to 1.00 and (vi) an unencumbered asset coverage ratio of 1.25 to 1.00, provided that (a) first lien senior secured loans and cash represent more than 65% of the total value of unencumbered assets used by the Company for purposes of the ratio and (b) equity interests or structured products in the aggregate represent less than 15% of the total value of unencumbered assets used by the Company for purposes of the ratio. As of and for the three months ended June 30, 2023, the Company was in compliance with all covenants and reporting requirements. The Note Purchase Agreement also contains a “most favored lender” provision in favor of the purchasers in respect of any new unsecured credit facilities, loans or indebtedness in excess of $25,000 incurred by the Company, which indebtedness contains a financial covenant not contained in, or more restrictive against the Company than those contained, in the Note Purchase Agreement. In addition, the Note Purchase Agreement contains customary events of default with customary cure and notice periods, including, without limitation, nonpayment, incorrect representation in any material respect, breach of covenant, cross-default under other indebtedness or derivative securities of the Company in an outstanding aggregate principal amount of at least $25,000, certain judgments and orders, and certain events of bankruptcy. As of June 30, 2023, the aggregate principal amount of 2026 Notes outstanding was $125,000. Through June 30, 2023, the Company incurred debt issuance costs of $2,669 in connection with issuing the 2026 Notes, which were recorded as a direct reduction to the outstanding balance of the 2026 Notes, which is included in the Company’s consolidated balance sheet as of June 30, 2023 and will amortize to interest expense over the term of the 2026 Notes. At June 30, 2023, the unamortized portion of the debt issuance costs was $1,398. For the three and six months ended June 30, 2023 and 2022 and for the year ended December 31, 2022, the components of interest expense, average borrowings, and weighted average interest rate for the 2026 Notes were as follows: Three Months Ended Six Months Ended Year Ended December 31, 2023 2022 2023 2022 Stated interest expense $ 1,406 $ 1,422 $ 2,812 $ 2,828 $ 5,600 Amortization of deferred financing costs 133 133 264 264 533 Total interest expense $ 1,539 $ 1,555 $ 3,076 $ 3,092 $ 6,133 Weighted average interest rate(1) 4.50 % 4.50 % 4.50 % 4.50 % 4.50 % Average borrowings $ 125,000 $ 125,000 $ 125,000 $ 125,000 $ 125,000 (1) Includes the stated interest expense on the 2026 Notes and is annualized for periods covering less than one year. UBS Facility On May 19, 2017, the Company, through two newly-formed, wholly-owned, special-purpose financing subsidiaries, entered into a financing arrangement with UBS pursuant to which up to $125,000 was made available to the Company. Pursuant to the financing arrangement, assets in the Company's portfolio may be contributed from time to time to Murray Hill Funding II through Murray Hill Funding, LLC, or Murray Hill Funding, each a newly-formed, wholly-owned, special-purpose financing subsidiary of the Company. On May 19, 2017, the Company contributed assets to Murray Hill Funding II. The assets held by Murray Hill Funding II secure the obligations of Murray Hill Funding II under Class A-1 Notes, or the Notes, issued by Murray Hill Funding II. Pursuant to an Indenture, dated May 19, 2017, between Murray Hill Funding II and U.S. Bank National Association, or U.S. Bank, as trustee, or the Indenture, the aggregate principal amount of Notes that may be issued by Murray Hill Funding II from time to time was $192,308. Murray Hill Funding purchased the Notes issued by Murray Hill Funding II at a purchase price equal to their par value. Murray Hill Funding makes capital contributions to Murray Hill Funding II to, among other things, maintain the value of the portfolio of assets held by Murray Hill Funding II. Principal on the Notes will be due and payable on the stated maturity date of May 19, 2027. Pursuant to the Indenture, Murray Hill Funding II made certain representations and warranties and is required to comply with various covenants, reporting requirements and other customary requirements for similar transactions. The Indenture contains events of default customary for similar transactions, including, without limitation: (a) the failure to make principal payments on the Notes at their stated maturity or any earlier redemption date or to make interest payments on the Notes and such failure is not cured within three business days; (b) the failure to disburse amounts in accordance with the priority of payments and such failure is not cured within three business days; and (c) the occurrence of certain bankruptcy and insolvency events with respect to Murray Hill Funding II or Murray Hill Funding. As of and for the three months ended June 30, 2023, Murray Hill Funding II was in compliance with all covenants and reporting requirements. Murray Hill Funding, in turn, entered into a repurchase transaction with UBS, pursuant to the terms of a Global Master Repurchase Agreement and the related Annex and Master Confirmation thereto, each dated May 19, 2017, or collectively, the UBS Facility. Pursuant to the UBS Facility, on May 19, 2017 and June 19, 2017, UBS purchased Notes held by Murray Hill Funding for an aggregate purchase price equal to 65% of the principal amount of Notes purchased. Subject to certain conditions, the maximum principal amount of Notes that may be purchased under the UBS Facility was $192,308. Accordingly, the aggregate maximum amount payable to Murray Hill Funding under the UBS Facility would not exceed $125,000. Murray Hill Funding was required to repurchase the Notes sold to UBS under the UBS Facility by no later than May 19, 2020. The repurchase price paid by Murray Hill Funding to UBS will be equal to the purchase price paid by UBS for the repurchased Notes (giving effect to any reductions resulting from voluntary partial prepayment(s)). The financing fee under the UBS Facility was equal to the three-month LIBOR plus a spread of up to 3.50% per year for the relevant period. On December 1, 2017, Murray Hill Funding II amended and restated the Indenture, or the Amended Indenture, pursuant to which the aggregate principal amount of Notes that may be issued by Murray Hill Funding II was increased from $192,308 to $266,667. On December 1, 2017, Murray Hill Funding entered into a First Amended and Restated Master Confirmation to the Global Master Repurchase Agreement, or the Amended Master Confirmation, which sets forth the terms of the repurchase transaction between Murray Hill Funding and UBS under the UBS Facility. As part of the Amended Master Confirmation, on December 15, 2017 and April 2, 2018, UBS purchased the increased aggregate principal amount of Notes held by Murray Hill Funding for an aggregate purchase price equal to 75% of the principal amount of Notes issued. As a result of the Amended Master Confirmation, the aggregate maximum amount payable to Murray Hill Funding and made available to the Company under the UBS Facility was increased from $125,000 to $200,000. No other material terms of the UBS Facility were revised in connection with the amended UBS Facility, or the Amended UBS Facility. On May 19, 2020, Murray Hill Funding entered into a Second Amended and Restated Master Confirmation to the Global Master Repurchase Agreement, or the Second Amended Master Confirmation, which extended the date that Murray Hill Funding will be required to repurchase the Notes sold to UBS under the Amended UBS Facility from May 19, 2020 to November 19, 2020, and increased the spread on the financing fee from 3.50% to 3.90% per year. On May 19, 2020, Murray Hill Funding also repurchased Notes in the aggregate principal amount of $133,333 from UBS for an aggregate repurchase price of $100,000, which was then repaid by Murray Hill Funding II. The repurchase of the Notes on May 19, 2020 resulted in a repayment of one-half of the outstanding amount of borrowings under the Amended UBS Facility as of May 19, 2020. As of December 31, 2020, Notes remained outstanding in the aggregate principal amount of $133,333, which was purchased by Murray Hill Funding from Murray Hill Funding II and subsequently sold to UBS under the Amended UBS Facility for aggregate proceeds of $100,000. On November 12, 2020, Murray Hill Funding entered into a Third Amended and Restated Master Confirmation to the Global Master Repurchase Agreement, or the Third Amended Master Confirmation, to further extend the date that Murray Hill Funding will be required to repurchase the Notes to December 18, 2020. On December 17, 2020, Murray Hill Funding entered into a Fourth Amended and Restated Master Confirmation to the Global Master Repurchase Agreement, or the Fourth Amended Master Confirmation, which further extended the date that Murray Hill Funding will be required to repurchase the Notes sold to UBS under the Amended UBS Facility from December 18, 2020 to November 19, 2023, and decreased the spread on the financing fee from 3.90% to 3.375% per year. No other material terms of the Amended UBS Facility were revised in connection with the Fourth Amended Master Confirmation. On December 17, 2020, Murray Hill Funding also entered into a Revolving Credit Note Agreement, or the Revolving Note Agreement, with Murray Hill Funding II, UBS and U.S. Bank, as note agent and trustee, which provides for a revolving credit facility in an aggregate principal amount of $50,000, subject to compliance with a borrowing base. Murray Hill Funding II will issue Class A-R Notes, or the Class A-R Notes, in exchange for advances under the Revolving Note Agreement. Principal on the Class A-R Notes will be due and payable on the stated maturity date of May 19, 2027, which is the same stated maturity date as the Notes. The Class A-R Notes will be issued pursuant to a Second Amended and Restated Indenture, dated December 17, 2020, between Murray Hill Funding II and U.S. Bank, as trustee, or the Second Amended Indenture. Under the Second Amended Indenture, the aggregate principal amount of Notes and Class A-R Notes that may be issued by Murray Hill Funding II from time to time is $150,000. Murray Hill Funding, in turn, entered into a repurchase transaction with UBS pursuant to the terms of the related Annex and Master Confirmation, dated December 17, 2020, to the Global Master Repurchase Agreement, dated May 19, 2017, related to the Class A-R Notes. Murray Hill Funding was required to repurchase the Class A-R Notes that will be sold to UBS by no later than November 19, 2023. The financing fee for the funded Class A-R Notes was equal to the three-month LIBOR plus a spread of 3.375% per year while the financing fee for the unfunded Class A-R Notes is equal to 0.75% per year. On June 14, 2023, Murray Hill Funding entered into with UBS (i) a Fifth Amended and Restated Master Confirmation (Class A-1 Notes) to the Global Master Repurchase Agreement, or the Fifth Amended Master Confirmation, and (ii) an Amended and Restated Master Confirmation (Class A-R Notes) to the Global Master Repurchase Agreement, or the Amended Master Confirmation. Under both Confirmations, the date that Murray Hill Funding will be required to repurchase the Notes and the Class A-R Notes previously sold to UBS under the Amended UBS Facility was extended from November 19, 2023 to November 19, 2024. Also under both Confirmations, the financing fee payable to UBS was revised from a floating rate equal to the three-month LIBOR, plus a spread of 3.375% per year, to a floating rate equal to the three-month SOFR, plus a spread of (a) to (but excluding) November 19, 2023, 3.525% per year, and (b) thereafter, 3.20% per year. The effective date of both Confirmations was June 15, 2023. No other material terms of the Amended UBS Facility were revised in connection with the Fifth Amended Master Confirmation or the Amended Master Confirmation. On July 1, 2021, December 14, 2021 and April 19, 2022, UBS purchased Class A-R Notes held by Murray Hill Funding for an aggregate purchase price equal to 100% of the principal amount of Class A-R Notes purchased, which was $21,000, $25,000 and $17,500, respectively. On August 20, 2021, March 7, 2023 and April 14, 2023, Murray Hill Funding repurchased Class A-R Notes from UBS in the aggregate principal amount of $21,000, $17,500 and $25,000, respectively, for an aggregate repurchase price of $21,000, $17,500 and $25,000, respectively, which was then repaid by Murray Hill Funding II. The repurchase of the Class A-R Notes on August 20, 2021, March 7, 2023 and April 14, 2023 resulted in repayments of $21,000, $17,500 and $25,000, respectively, of the outstanding amount of borrowings under the Amended UBS Facility. UBS may require Murray Hill Funding to post cash collateral if, without limitation, the sum of the market value of the portfolio of assets and the cash and eligible investments held by Murray Hill Funding II, together with any posted cash collateral, is less than the required margin amount under the Amended UBS Facility; provided, however, that Murray Hill Funding will not be required to post cash collateral with UBS until such market value has declined at least 10% from the initial market value of the portfolio assets. The Company has no contractual obligation to post any such cash collateral or to make any payments to UBS on behalf of Murray Hill Funding. The Company may, but is not obligated to, increase its investment in Murray Hill Funding for the purpose of funding any cash collateral or payment obligations for which Murray Hill Funding becomes obligated in connection with the Amended UBS Facility. The Company’s exposure under the Amended UBS Facility is limited to the value of the Company’s investment in Murray Hill Funding. Pursuant to the Amended UBS Facility, Murray Hill Funding made certain representations and warranties and is required to comply with a borrowing base requirement, various covenants, reporting requirements and other customary requirements for similar transactions. The Amended UBS Facility contains events of default customary for similar financing transactions, including, without limitation: (a) failure to transfer the Notes to UBS on the applicable purchase date or repurchase the Notes from UBS on the applicable repurchase date; (b) failure to pay certain fees and make-whole amounts when due; (c) failure to post cash collateral as required; (d) the occurrence of insolvency events with respect to Murray Hill Funding; and (e) the admission by Murray Hill Funding of its inability to, or its intention not to, perform any of its obligations under the Amended UBS Facility. As of and for the three months ended June 30, 2023, Murray Hill Funding was in compliance with all covenants and reporting requirements. Murray Hill Funding paid an upfront fee and incurred certain other customary costs and expenses totaling $2,637 in connection with obtaining the Amended UBS Facility, which were recorded as a direct reduction to the outstanding balance of the Amended UBS Facility, which is included in the Company’s consolidated balance sheets and amortized to interest expense over the term of the Amended UBS Facility. At June 30, 2023, all upfront fees and other expenses were fully amortized. As of June 30, 2023, Notes in the aggregate principal amount of $100,000 had been purchased by Murray Hill Funding from Murray Hill Funding II and subsequently sold to UBS under the Amended UBS Facility for aggregate proceeds of $100,000. The carrying amount outstanding under the Amended UBS Facility approximates its fair value. The Company funded each purchase of Notes by Murray Hill Funding through a capital contribution to Murray Hill Funding. As of June 30, 2023, the amount due at maturity under the Amended UBS Facility was $100,000. The Notes issued by Murray Hill Funding II and purchased by Murray Hill Funding eliminate in consolidation on the Company’s consolidated financial statements. As of June 30, 2023, the fair value of assets held by Murray Hill Funding II was $229,265. For the three and six months ended June 30, 2023 and 2022 and the year ended December 31, 2022, the components of interest expense, average borrowings, and weighted average interest rate for the Amended UBS Facility were as follows: Three Months Ended June 30, Six Months Ended June 30, Year Ended December 31, 2023 2022 2023 2022 2022 Stated interest expense $ 2,162 $ 1,533 $ 4,966 $ 2,680 $ 7,273 Non-usage fee 89 21 112 68 96 Total interest expense $ 2,251 $ 1,554 $ 5,078 $ 2,748 $ 7,369 Weighted average interest rate(1) 8.62 % 4.42 % 8.39 % 4.14 % 5.29 % Average borrowings $ 103,297 $ 139,038 $ 120,373 $ 132,058 $ 137,322 (1) Includes the stated interest expense and non-usage fee on the unused portion of the Amended UBS Facility and is annualized for periods covering less than one year. Series A Notes On February 28, 2023, the Company entered into a Deed of Trust, or the Deed of Trust, with Mishmeret Trust Company Ltd., as trustee, under which the Company issued $80,712 in aggregate principal amount of its Series A Unsecured Notes due 2026, or the Series A Notes. The Series A Notes offering in Israel closed on February 28, 2023 and the Series A Notes listed and commenced trading on the TASE on February 28, 2023. After the deduction of fees and other offering expenses, the Company received net proceeds of approximately $77,900, which it used to make investments in portfolio companies in accordance with its investment objectives and for working capital and general corporate purposes. The Series A Notes are rated A1.il by Midroog Ltd., an affiliate of Moody’s. The carrying amount outstanding under the Series A Notes approximates its fair value. The Series A Notes will mature on August 31, 2026 and may be redeemed in whole or in part at the Company's option at par plus a “make-whole” premium, if applicable, as set forth in the Deed of Trust. The Series A Notes bear interest at a rate equal to SOFR plus a credit spread of 3.82% per year, which will be paid quarterly on February 28, May 31, August 31, and November 30 of each year, which commenced on May 31, 2023. The Series A Notes are general unsecured obligations of the Company that rank senior in right of payment to all of the Company’s existing and future indebtedness that is expressly subordinated in right of payment to the Series A Notes, rank pari passu with all existing and future unsecured unsubordinated indebtedness issued by the Company, rank effectively junior to any of the Company's secured indebtedness (including unsecured indebtedness that the Company later secures) to the extent of the value of the assets securing such indebtedness, and rank structurally junior to all existing and future indebtedne |
Fair Value of Financial Instrum
Fair Value of Financial Instruments | 6 Months Ended |
Jun. 30, 2023 | |
Fair Value Disclosures [Abstract] | |
Fair Value of Financial Instruments | Fair Value of Financial Instruments The following table presents fair value measurements of the Company’s portfolio investments as of June 30, 2023 and December 31, 2022, according to the fair value hierarchy: June 30, 2023(1) December 31, 2022(2) Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Senior secured first lien debt $ — $ — $ 1,468,630 $ 1,468,630 $ — $ — $ 1,579,512 $ 1,579,512 Senior secured second lien debt — — 39,544 39,544 — — 38,769 38,769 Collateralized securities and structured products - equity — — 1,046 1,046 — — 1,179 1,179 Unsecured debt — — 17,301 17,301 — — 22,643 22,643 Equity 2,266 — 133,725 135,991 2,341 — 73,951 76,292 Short term investments 100,771 — — 100,771 10,869 — — 10,869 Total Investments $ 103,037 $ — $ 1,660,246 $ 1,763,283 $ 13,210 $ — $ 1,716,054 $ 1,729,264 (1) Excludes the Company's $25,179 investment in CION/EagleTree, which is measured at NAV. (2) Excludes the Company's $30,766 investment in CION/EagleTree, which is measured at NAV. The following tables provide a reconciliation of the beginning and ending balances for investments that use Level 3 inputs for the three and six months ended June 30, 2023 and 2022: Three Months Ended Senior Secured First Lien Debt Senior Secured Second Lien Debt Collateralized Securities and Structured Products - Equity Unsecured Debt Equity Total Beginning balance, March 31, 2023 $ 1,472,453 $ 38,997 $ 1,133 $ 15,517 $ 100,958 $ 1,629,058 Investments purchased(2)(3) 77,961 — — 4,200 29,396 111,557 Net realized loss (13,163) — — — (5,765) (18,928) Net change in unrealized appreciation (depreciation) 16,708 496 9 (2,420) 9,136 23,929 Accretion of discount 2,541 56 — 4 — 2,601 Sales and principal repayments(3) (87,870) (5) (96) — — (87,971) Ending balance, June 30, 2023 $ 1,468,630 $ 39,544 $ 1,046 $ 17,301 $ 133,725 $ 1,660,246 Change in net unrealized appreciation (depreciation) on investments still held as of June 30, 2023(1) $ 5,280 $ 496 $ 9 $ (2,420) $ 3,367 $ 6,732 (1) Included in net change in unrealized appreciation (depreciation) on investments in the consolidated statements of operations. (2) Investments purchased includes PIK interest. (3) Includes non-cash restructured securities. Six Months Ended Senior Secured First Lien Debt Senior Secured Second Lien Debt Collateralized Securities and Structured Products - Equity Unsecured Debt Equity Total Beginning balance, December 31, 2022 $ 1,579,512 $ 38,769 $ 1,179 $ 22,643 $ 73,951 $ 1,716,054 Investments purchased(2)(3) 118,713 — — 4,200 65,329 188,242 Net realized loss (17,674) — — (5,779) (23,453) Net change in unrealized (depreciation) appreciation (18,686) 659 44 (9,550) 224 (27,309) Accretion of discount 6,810 125 — 8 — 6,943 Sales and principal repayments(3) (200,045) (9) (177) — — (200,231) Ending balance, June 30, 2023 $ 1,468,630 $ 39,544 $ 1,046 $ 17,301 $ 133,725 $ 1,660,246 Change in net unrealized (depreciation) appreciation on investments still held as of June 30, 2023(1) $ (22,169) $ 659 $ 44 $ (9,550) $ (15) $ (31,031) (1) Included in net change in unrealized appreciation (depreciation) on investments in the consolidated statements of operations. (2) Investments purchased includes PIK interest. (3) Includes non-cash restructured securities. Three Months Ended Senior Secured First Lien Debt Senior Secured Second Lien Debt Collateralized Securities and Structured Products - Equity Unsecured Debt Equity Total Beginning balance, March 31, 2022 $ 1,597,364 $ 36,875 $ 2,632 $ 27,280 $ 42,405 $ 1,706,556 Investments purchased(2) 175,707 1,836 — 650 1,008 179,201 Net realized (loss) gain (34) 10 — — 204 180 Net change in unrealized (depreciation) appreciation (21,144) 3,021 (176) 61 (229) (18,467) Accretion of discount 2,131 344 — 3 — 2,478 Sales and principal repayments (93,196) (15,000) (854) — (503) (109,553) Ending balance, June 30, 2022 $ 1,660,828 $ 27,086 $ 1,602 $ 27,994 $ 42,885 $ 1,760,395 Change in net unrealized (depreciation) appreciation on investments still held as of June 30, 2022(1) $ (21,519) $ 525 $ (176) $ 61 $ (229) $ (21,338) (1) Included in net change in unrealized appreciation (depreciation) on investments in the consolidated statements of operations. (2) Investments purchased includes PIK interest. Six Months Ended Senior Secured First Lien Debt Senior Secured Second Lien Debt Collateralized Securities and Structured Products - Equity Unsecured Debt Equity Total Beginning balance, December 31, 2021 $ 1,526,989 $ 38,583 $ 2,998 $ 26,616 $ 37,736 $ 1,632,922 Investments purchased(2) 317,499 1,836 — 1,273 2,133 322,741 Net realized (loss) gain (107) 14 — — 204 111 Net change in unrealized (depreciation) appreciation (34,050) 1,221 (352) 98 3,315 (29,768) Accretion of discount 4,535 432 — 7 — 4,974 Sales and principal repayments (154,038) (15,000) (1,044) — (503) (170,585) Ending balance, June 30, 2022 $ 1,660,828 $ 27,086 $ 1,602 $ 27,994 $ 42,885 $ 1,760,395 Change in net unrealized (depreciation) appreciation on investments still held as of June 30, 2022(1) $ (34,992) $ 873 $ (352) $ 98 $ 3,315 $ (31,058) (1) Included in net change in unrealized appreciation (depreciation) on investments in the consolidated statements of operations. (2) Investments purchased includes PIK interest. Significant Unobservable Inputs The valuation techniques and significant unobservable inputs used in recurring Level 3 fair value measurements of investments as of June 30, 2023 and December 31, 2022 were as follows: June 30, 2023 Fair Value Valuation Techniques/ Unobservable Range Weighted Average(1) Senior secured first lien debt $ 1,281,080 Discounted Cash Flow Discount Rates 7.5% — 40.0% 13.8% 110,747 Broker Quotes Broker Quotes N/A N/A 53,487 Market Comparable Approach Revenue Multiple 0.17x — 1.55x 1.00x 19,036 EBITDA Multiple 4.00x — 9.75x 6.15x 3,794 $ per kW $129.77 N/A 486 Other(2) Other(2) N/A N/A Senior secured second lien debt 39,544 Discounted Cash Flow Discount Rates 13.5% — 20.5% 16.8% Collateralized securities and structured products - equity 1,046 Discounted Cash Flow Discount Rates 21.0% N/A Unsecured debt 9,888 Contingent Claims Analysis Expected Volatility 110.0% N/A 7,413 Discounted Cash Flow Discount Rates 16.5% N/A Equity 80,099 Market Comparable Approach EBITDA Multiple 4.75x — 14.75x 9.74x 21,680 $ per kW $400 N/A 31,204 Revenue Multiple 0.13x — 6.00x 1.05x 742 Broker Quotes Broker Quotes N/A N/A Total $ 1,660,246 (1) Weighted average amounts are based on the estimated fair values. (2) Fair value is based on the expected outcome of proposed corporate transactions and/or other factors. December 31, 2022 Fair Value Valuation Techniques/ Unobservable Range Weighted Average(1) Senior secured first lien debt $ 1,471,816 Discounted Cash Flow Discount Rates 6.5% — 34.0% 14.7% 79,035 Broker Quotes Broker Quotes N/A N/A 20,050 Market Comparable Approach Revenue Multiple 0.25x — 1.70x 1.19x 4,527 $ per kW $131.85 N/A 3,552 EBITDA Multiple 2.75x — 4.25x 4.09x 532 Other(2) Other(2) N/A N/A Senior secured second lien debt 38,769 Discounted Cash Flow Discount Rates 14.3% — 21.5% 17.2% Collateralized securities and structured products - equity 1,179 Discounted Cash Flow Discount Rates 21.0% N/A Unsecured debt 15,316 Market Comparable Approach EBITDA Multiple 9.25x N/A 7,327 Discounted Cash Flow Discount Rates 17.7% N/A Equity 33,441 Market Comparable Approach EBITDA Multiple 2.75x — 14.55x 7.02x 23,995 $ per kW $412.5 N/A 13,038 Revenue Multiple 0.13x — 5.75x 2.93x 2,238 Discounted Cash Flow Discount Rates 16.8% N/A 1,234 Broker Quotes Broker Quotes N/A N/A 5 Options Pricing Model Expected Volatility 80.0% — 90.0% 87.3% Total $ 1,716,054 (1) Weighted average amounts are based on the estimated fair values. (2) Fair value is based on the expected outcome of proposed corporate transactions and/or other factors. The significant unobservable inputs used in the fair value measurement of the Company’s senior secured first lien debt, senior secured second lien debt, collateralized securities and structured products, unsecured debt and equity are discount rates, EBITDA multiples, revenue multiples, broker quotes and expected volatility. A significant increase or decrease in discount rates would result in a significantly lower or higher fair value measurement, respectively. A significant increase or decrease in the EBITDA multiples, revenue multiples, expected proceeds from proposed corporate transactions, broker quotes and expected volatility would result in a significantly higher or lower fair value measurement, respectively. |
General and Administrative Expe
General and Administrative Expense | 6 Months Ended |
Jun. 30, 2023 | |
General and Administrative Expense [Abstract] | |
General and Administrative Expense | General and Administrative Expense General and administrative expense consisted of the following items for the three and six months ended June 30, 2023 and 2022 and the year ended December 31, 2022: Three Months Ended June 30, Six Months Ended June 30, Year Ended December 31, 2023 2022 2023 2022 2022 Professional fees $ 645 $ 519 $ 1,171 $ 1,152 $ 1,778 Transfer agent expense 279 303 547 594 1,124 Dues and subscriptions 44 80 473 615 791 Valuation expense 252 212 425 391 821 Director fees and expenses 179 161 348 315 632 Insurance expense 169 254 336 505 833 Accounting and administrative costs 158 145 324 302 524 Printing and marketing expense 269 28 274 33 708 Other expenses 79 10 131 27 67 Total general and administrative expense $ 2,074 $ 1,712 $ 4,029 $ 3,934 $ 7,278 |
Commitments and Contingencies
Commitments and Contingencies | 6 Months Ended |
Jun. 30, 2023 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | Commitments and Contingencies The Company entered into certain contracts with related and other parties that contain a variety of indemnifications. The Company’s maximum exposure under these arrangements is unknown. However, the Company has not experienced claims or losses pursuant to these contracts and believes the risk of loss related to such indemnifications to be remote. As of June 30, 2023 and December 31, 2022, the Company’s unfunded commitments were as follows: Unfunded Commitments June 30, 2023(1) December 31, 2022(1) Cennox, Inc. $ 7,193 $ 7,567 Flatworld Intermediate Corp. 5,865 5,865 Critical Nurse Staffing, LLC 5,439 5,599 Thrill Holdings LLC 5,000 3,261 Instant Web, LLC 3,574 5,628 American Health Staffing Group, Inc. 3,333 3,333 Mimeo.com, Inc. 2,500 3,000 Rogers Mechanical Contractors, LLC 2,404 3,365 Moss Holding Company 2,232 2,232 HW Acquisition, LLC 2,200 2,200 MacNeill Pride Group Corp. 2,017 2,017 Archer Systems, LLC 1,905 1,905 Bradshaw International Parent Corp. 1,844 1,844 Dermcare Management, LLC 1,683 1,862 Coyote Buyer, LLC 1,500 2,500 Sleep Opco, LLC 1,200 1,750 NWN Parent Holdings LLC 1,200 90 RA Outdoors, LLC 1,049 1,049 BDS Solutions Intermediateco, LLC 1,046 1,998 OpCo Borrower, LLC 1,042 833 Service Compression, LLC 907 4,186 Invincible Boat Company LLC 319 559 Ironhorse Purchaser, LLC 299 2,469 American Teleconferencing Services, Ltd. 235 235 H.W. Lochner, Inc. 225 225 Anthem Sports & Entertainment Inc. 167 167 Homer City Holdings LLC — 3,000 RumbleOn, Inc. — 1,775 WorkGenius, Inc. — 750 STATinMED, LLC — 156 Total $ 56,378 $ 71,420 (1) Unless otherwise noted, the funding criteria for these unfunded commitments had not been met at the date indicated. Unfunded commitments to provide funds to companies are not recorded on the Company’s consolidated balance sheets. Since these commitments may expire without being drawn upon, unfunded commitments do not necessarily represent future cash requirements or future earning assets for the Company. The Company intends to use cash on hand, short-term investments, proceeds from borrowings, and other liquid assets to fund these commitments should the need arise. For information on the companies to which the Company is committed to fund additional amounts as of June 30, 2023 and December 31, 2022, refer to the table above and the consolidated schedules of investments. As of August 2, 2023, the Company was committed, upon the satisfaction of certain conditions, to fund an additi onal $54,475 . The Company will fund its unfunded commitments from the same sources it uses to fund its investment commitments that are funded at the time they are made (i.e., advances from its financing arrangements and/or cash flows from operations). The Company will not fund its unfunded commitments from future net proceeds generated by securities offerings, if any. The Company follows a process to manage its liquidity and ensure that it has available capital to fund its unfunded commitments. Specifically, the Company prepares detailed analyses of the level of its unfunded commitments relative to its then available liquidity on a daily basis. These analyses are reviewed and discussed on a weekly basis by the Company's executive officers and senior members of CIM (including members of the investment committee) and are updated on a “real time” basis in order to ensure that the Company has adequate liquidity to satisfy its unfunded commitments. |
Fee Income
Fee Income | 6 Months Ended |
Jun. 30, 2023 | |
Fee Income [Abstract] | |
Fee Income | Fee Income Fee income consists of amendment fees, capital structuring and other fees, conversion fees, commitment fees and administrative agent fees. The following table summarizes the Company’s fee income for the three and six months ended June 30, 2023 and 2022 and the year ended December 31, 2022: Three Months Ended Six Months Ended Year Ended 2023 2022 2023 2022 2022 Amendment fees $ 622 $ 575 $ 3,346 $ 970 $ 2,633 Capital structuring and other fees 532 1,992 532 3,014 4,446 Conversion fees 477 — 477 — 2,365 Commitment fees — — 309 — — Administrative agent fees — — 30 25 100 Total $ 1,631 $ 2,567 $ 4,694 $ 4,009 $ 9,544 Administrative agent fees are recurring income as long as the Company remains the administrative agent for the related investment. Income from all other fees was non-recurring. |
Financial Highlights
Financial Highlights | 6 Months Ended |
Jun. 30, 2023 | |
Investment Company [Abstract] | |
Financial Highlights | Financial Highlights The following is a schedule of financial highlights as of and for the six months ended June 30, 2023 and 2022 and the year ended December 31, 2022: Six Months Ended Year Ended 2023 2022 2022 Per share data:(1) Net asset value at beginning of period $ 15.98 $ 16.34 $ 16.34 Results of operations: Net investment income 0.97 0.68 1.56 Net realized loss and net change in unrealized depreciation on investments and loss on foreign currency(2) (1.02) (0.57) (0.68) Net (decrease) increase in net assets resulting from operations(2) (0.05) 0.11 0.88 Shareholder distributions: Distributions from net investment income (0.68) (0.56) (1.44) Net decrease in net assets resulting from shareholders' distributions (0.68) (0.56) (1.44) Capital share transactions: Repurchases of common stock below net asset value(3) 0.06 — 0.20 Net increase in net assets resulting from capital share transactions 0.06 — 0.20 Net asset value at end of period $ 15.31 $ 15.89 $ 15.98 Shares of common stock outstanding at end of period 54,632,827 56,958,440 55,299,484 Total investment return-net asset value(4) 2.29 % 1.87 % 10.44 % Total investment return-market value(5) 13.66 % (30.29) % (14.87) % Net assets at beginning of period $ 883,634 $ 930,512 $ 930,512 Net assets at end of period $ 836,364 $ 905,238 $ 883,634 Average net assets $ 858,277 $ 926,144 $ 917,781 Ratio/Supplemental data: Ratio of net investment income to average net assets 6.21 % 4.19 % 9.61 % Ratio of net operating expenses to average net assets 8.18 % 5.02 % 11.63 % Portfolio turnover rate(6) 5.48 % 9.96 % 26.81 % Total amount of senior securities outstanding $ 985,712 $ 947,500 $ 957,500 Asset coverage ratio(7) 1.85 1.96 1.92 (1) The per share data for the six months ended June 30, 2023 and 2022 and the year ended December 31, 2022 was derived by using the weighted average shares of common stock outstanding during each period. (2) The amount shown for net realized loss, net change in unrealized depreciation on investments and loss on foreign currency is the balancing figure derived from the other figures in the schedule. The amount shown at this caption for a share outstanding throughout the period may not agree with the change in the aggregate gains and losses in portfolio securities for the period because of the timing of sales and repurchases of the Company’s shares in relation to fluctuating market values for the portfolio. As a result, net (decrease) increase in net assets resulting from operations in this schedule may vary from the consolidated statements of operations. (3) Repurchases of common stock may have caused an incremental decrease or increase in net asset value per share due to the repurchase of shares at a price in excess of or below net asset value per share, respectively, on each repurchase date. The per share impact of repurchases of common stock was a decrease to net asset value of less than $0.01 per share during the six months ended June 30, 2023 and 2022 and the year ended December 31, 2022. (4) Total investment return-net asset value is a measure of the change in total value for shareholders who held the Company’s common stock at the beginning and end of the period, including distributions paid or payable during the period. Total investment return-net asset value is based on (i) the beginning period net asset value per share on the first day of the period, (ii) the net asset value per share on the last day of the period of (A) one share plus (B) any fractional shares issued in connection with the reinvestment of distributions, and (iii) the value of distributions payable, if any, on the last day of the period. The total investment return-net asset value calculation assumes that distributions are reinvested in accordance with the Company's distribution reinvestment plan then in effect as described in Note 5. The total investment return-net asset value does not consider the effect of the sales load from the sale of the Company’s common stock. The total investment return-net asset value includes the effect of the issuance of shares at a net offering price that is greater than net asset value per share, which causes an increase in net asset value per share. Total returns covering less than a full year are not annualized. (5) Total investment return-market value for the six months ended June 30, 2023 and 2022 and the year ended December 31, 2022 was calculated by taking the change in the market price of the Company's common stock since the first day of the period, and including the impact of distributions reinvested in accordance with the Company’s New DRP. Total investment return-market value does not consider the effect of any sales commissions or charges that may be incurred in connection with the sale of shares of the Company’s common stock. The historical calculation of total investment return-market value in the table should not be considered a representation of the Company’s future total return based on market value, which may be greater or less than the return shown in the table due to a number of factors, including the Company’s ability or inability to make investments in companies that meet its investment criteria, the interest rates payable on the debt securities the Company acquires, the level of the Company’s expenses, variations in and the timing of the recognition of realized and unrealized gains or losses, the degree to which the Company encounters competition in its markets, general economic conditions and fluctuations in per share market value. As a result of these factors, results for any previous period should not be relied upon as being indicative of performance in future periods. (6) Portfolio turnover rate is calculated using the lesser of year-to-date sales or purchases over the average of the invested assets at fair value, excluding short term investments, and is not annualized. |
Pay vs Performance Disclosure
Pay vs Performance Disclosure - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | |
Pay vs Performance Disclosure | |||||
Net increase (decrease) in net assets resulting from operations | $ 27,894 | $ (1,266) | $ (3,151) | $ 6,623 | $ 50,141 |
Insider Trading Arrangements
Insider Trading Arrangements | 3 Months Ended |
Jun. 30, 2023 | |
Trading Arrangements, by Individual | |
Rule 10b5-1 Arrangement Adopted | false |
Non-Rule 10b5-1 Arrangement Adopted | false |
Rule 10b5-1 Arrangement Terminated | false |
Non-Rule 10b5-1 Arrangement Terminated | false |
N-2
N-2 - $ / shares | 6 Months Ended | |||
Jun. 30, 2023 | Dec. 31, 2022 | Jun. 30, 2022 | Dec. 31, 2021 | |
Cover [Abstract] | ||||
Entity Central Index Key | 0001534254 | |||
Amendment Flag | false | |||
Securities Act File Number | 000-54755 | |||
Document Type | 10-Q | |||
Entity Registrant Name | CĪON Investment Corporation | |||
Entity Address, Address Line One | 100 Park Avenue | |||
Entity Address, Address Line Two | 25th Floor | |||
Entity Address, City or Town | New York | |||
Entity Address, State or Province | NY | |||
Entity Address, Postal Zip Code | 10017 | |||
City Area Code | (212) | |||
Local Phone Number | 418-4700 | |||
Entity Emerging Growth Company | false | |||
General Description of Registrant [Abstract] | ||||
Investment Objectives and Practices [Text Block] | Our investment objective is to generate current income and, to a lesser extent, capital appreciation for investors. Our portfolio is comprised primarily of investments in senior secured debt, including first lien loans, second lien loans and unitranche loans, and, to a lesser extent, collateralized securities, structured products and other similar securities, unsecured debt, and equity, of private and thinly-traded U.S. middle-market companies. In connection with our debt investments, we may receive equity interests such as warrants or options as additional consideration. We may also purchase equity interests in the form of common or preferred stock in our target companies, either in conjunction with one of our debt investments or through a co-investment with a financial sponsor. | |||
Risk Factors [Table Text Block] | Risk Factors In addition to other information set forth in this Quarterly Report on Form 10-Q, you should carefully consider the factors set forth in “Item 1A. Risk Factors” in our Annual Report on Form 10‑K for the year ended December 31, 2022, which could materially affect our business, financial condition and/or operating results. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially affect our business, financial condition and/or operating results. There have been no material changes during the three months ended June 30, 2023 to the risk factors set forth in “Item 1A. Risk Factors” of our Annual Report on Form 10-K for the year ended December 31, 2022, except as set forth below. We and our portfolio companies may maintain cash balances at financial institutions that exceed federally insured limits and may otherwise be materially affected by adverse developments affecting the financial services industry, such as actual events or concerns involving liquidity, defaults or non-performance by financial institutions or transactional counterparties. Our cash is held principally at one financial institution that we believe is of high quality and at times may exceed insured limits. Cash held by us and by our portfolio companies in non-interest-bearing and interest-bearing operating accounts may exceed the FDIC insurance limits. If such banking institutions were to fail, we or our portfolio companies could lose all or a portion of those amounts held in excess of such insurance limitations. In addition, actual events involving limited liquidity, defaults, non-performance or other adverse developments that affect financial institutions, transactional counterparties or other companies in the financial services industry or the financial services industry generally, or concerns or rumors about any events of these kinds or other similar risks, have in the past and may in the future lead to market-wide liquidity problems, which could adversely affect our and our portfolio companies’ business, financial condition, results of operations, or prospects. Although we assess our banking relationships as we believe necessary or appropriate, our access to funding sources and other credit arrangements in amounts adequate to finance or capitalize our current and projected future business operations could be significantly impaired by factors that affect us, the financial institutions with which we have arrangements directly, or the financial services industry or economy in general. These factors could include, among others, events such as liquidity constraints or failures, the ability to perform obligations under various types of financial, credit or liquidity agreements or arrangements, disruptions or instability in the financial services industry or financial markets or concerns or negative expectations about the prospects for companies in the financial services industry. These factors could involve financial institutions or financial services industry companies with which we have financial or business relationships but could also include factors involving financial markets or the financial services industry generally. | |||
NAV Per Share | $ 15.31 | $ 15.98 | $ 15.89 | $ 16.34 |
Capital Stock, Long-Term Debt, and Other Securities [Abstract] | ||||
Long Term Debt [Table Text Block] | Financing Arrangements The following table presents summary information with respect to the Company’s outstanding financing arrangements as of June 30, 2023: Financing Arrangement Type of Financing Arrangement Rate Amount Outstanding Amount Available Maturity Date JPM Credit Facility Term Loan Credit Facility SOFR+3.20% $ 600,000 $ 75,000 May 15, 2025 2026 Notes(1) Note Purchase Agreement 4.50% 125,000 — February 11, 2026 UBS Facility Repurchase Agreement SOFR+3.525% 100,000 50,000 November 19, 2024 Series A Notes Israel Public Bond Offering SOFR+3.82% 80,712 — August 31, 2026 2022 More Term Loan Term Loan Facility Agreement SOFR+3.50% 50,000 — April 27, 2027 2021 More Term Loan(2) Term Loan Facility Agreement 5.20% 30,000 — September 30, 2024 $ 985,712 $ 125,000 (1) As of June 30, 2023, the fair value of the 2026 Notes was $122,500, which was based on a yield analysis and discount rate commensurate with the market yields for similar types of debt. The fair value of these debt obligations would be categorized as Level 3 under ASC 820 as of June 30, 2023. (2) As of June 30, 2023, the fair value of the 2021 More Term Loan was $29,513, which was based on a yield analysis and discount rate commensurate with the market yields for similar types of debt. The fair value of these debt obligations would be categorized as Level 3 under ASC 820 as of June 30, 2023. JPM Credit Facility On August 26, 2016, 34th Street entered into a senior secured credit facility with JPM. The senior secured credit facility with JPM, or the JPM Credit Facility, provided for borrowings in an aggregate principal amount of $150,000, of which $25,000 could have been funded as a revolving credit facility, each subject to conditions described in the JPM Credit Facility. On August 26, 2016, 34th Street drew down $57,000 of borrowings under the JPM Credit Facility. On September 30, 2016, July 11, 2017, November 28, 2017 and May 23, 2018, 34th Street amended and restated the JPM Credit Facility, or the Amended JPM Credit Facility, with JPM. Under the Amended JPM Credit Facility entered into on September 30, 2016, the aggregate principal amount available for borrowings was increased from $150,000 to $225,000, of which $25,000 could have been funded as a revolving credit facility, subject to conditions described in the Amended JPM Credit Facility. Under the Amended JPM Credit Facility entered into on July 11, 2017 and November 28, 2017, certain immaterial administrative amendments were made as a result of the termination of AIM as the Company's investment sub-adviser as discussed in Note 1. Under the Amended JPM Credit Facility entered into on May 23, 2018, (i) the aggregate principal amount available for borrowings was increased from $225,000 to $275,000, of which $25,000 could have been funded as a revolving credit facility, subject to conditions described in the Amended JPM Credit Facility, (ii) the reinvestment period was extended until August 24, 2020 and (iii) the maturity date was extended to August 24, 2021. On May 15, 2020, 34th Street amended and restated the Amended JPM Credit Facility, or the Second Amended JPM Credit Facility, with JPM in order to fully repay all amounts outstanding under the Company's prior Citibank Credit Facility and MS Credit Facility and repay $100,000 of advances outstanding under the UBS Facility (as described below). Under the Second Amended JPM Credit Facility, the aggregate principal amount available for borrowings was increased from $275,000 to $700,000, of which $75,000 may be funded as a revolving credit facility, subject to conditions described in the Second Amended JPM Credit Facility, during the reinvestment period. Under the Second Amended JPM Credit Facility, the reinvestment period was extended until May 15, 2022 and the maturity date was extended to May 15, 2023. Advances under the Second Amended JPM Credit Facility bore interest at a floating rate equal to the three-month LIBOR, plus a spread of 3.25% per year. On February 26, 2021, 34th Street amended and restated the Second Amended JPM Credit Facility, or the Third Amended JPM Credit Facility, with JPM. Under the Third Amended JPM Credit Facility, the aggregate principal amount available for borrowings was reduced from $700,000 to $575,000, subject to conditions described in the Third Amended JPM Credit Facility. In addition, under the Third Amended JPM Credit Facility, the reinvestment period was extended from May 15, 2022 to May 15, 2023 and the maturity date was extended from May 15, 2023 to May 15, 2024. Advances under the Third Amended JPM Credit Facility bore interest at a floating rate equal to the three-month LIBOR, plus a spread of 3.10% per year. 34th Street incurred certain customary costs and expenses in connection with the Third Amended JPM Credit Facility. No other material terms of the Second Amended JPM Credit Facility were revised in connection with the Third Amended JPM Credit Facility. On March 28, 2022, 34th Street entered into a First Amendment to the Third Amended JPM Credit Facility with JPM, or the JPM First Amendment. Under the JPM First Amendment, the aggregate principal amount available for borrowings was increased from $575,000 to $675,000, subject to conditions described in the JPM First Amendment. Additional advances of up to $100,000 under the JPM First Amendment bore interest at a floating rate equal to the three-month SOFR, plus a credit spread of 3.10% per year, and a LIBOR to SOFR credit spread adjustment of 0.15%. 34 th Street incurred certain customary costs and expenses in connection with the JPM First Amendment. No other material terms of the Third Amended JPM Credit Facility were revised in connection with the JPM First Amendment. On May 15, 2023, 34th Street entered into a Second Amendment to the Third Amended JPM Credit Facility with JPM, or the JPM Second Amendment. Under the JPM Second Amendment, the aggregate principal amount available for borrowings remained unchanged of up to $675,000 but all such advances bear interest at a floating rate equal to the three-month SOFR, plus a credit spread of 3.05% per year, and a LIBOR to SOFR credit spread adjustment of 0.15%. The reinvestment period was extended from May 15, 2023 to May 15, 2024 and the maturity date was extended from May 15, 2024 to May 15, 2025. Also under the JPM Second Amendment, the amount of minimum borrowings required was reduced by $50,000 to $550,000 with a six-month non-call provision. 34 th Street incurred certain customary costs and expenses in connection with the JPM Second Amendment. No other material terms of the Third Amended JPM Credit Facility were revised in connection with the JPM Second Amendment. Interest is payable quarterly in arrears. 34th Street may prepay advances pursuant to the terms and conditions of the Third Amended JPM Credit Facility and the JPM Second Amendment, subject to a 1.0% premium in certain circumstances. In addition, 34th Street will be subject to a non-usage fee of 1.0% per year on the amount, if any, of the aggregate principal amount available under the Third Amended JPM Credit Facility and the JPM Second Amendment that has not been borrowed through May 14, 2024. The non-usage fees, if any, are payable quarterly in arrears. As of June 30, 2023 and December 31, 2022, the aggregate principal amount outstanding on the Third Amended JPM Credit Facility and the JPM Second Amendment was $600,000 and $610,000, respectively. The carrying amount outstanding under the Third Amended JPM Credit Facility approximates its fair value. The Company contributed loans and other corporate debt securities to 34th Street in exchange for 100% of the membership interests of 34th Street, and may contribute additional loans and other corporate debt securities to 34th Street in the future. 34th Street’s obligations to JPM under the Third Amended JPM Credit Facility and the JPM Second Amendment are secured by a first priority security interest in all of the assets of 34th Street. The obligations of 34th Street under the Third Amended JPM Credit Facility and the JPM Second Amendment are non-recourse to the Company, and the Company’s exposure under the Third Amended JPM Credit Facility and the JPM Second Amendment is limited to the value of the Company’s investment in 34th Street. In connection with the Third Amended JPM Credit Facility and the JPM Second Amendment, 34th Street made certain representations and warranties and is required to comply with a borrowing base requirement, various covenants, reporting requirements and other customary requirements for similar facilities. As of and for the three months ended June 30, 2023, 34th Street was in compliance with all covenants and reporting requirements. Through June 30, 2023, the Company incurred debt issuance costs of $13,790 in connection with obtaining and amending the JPM Credit Facility, which were recorded as a direct reduction to the outstanding balance of the Third Amended JPM Credit Facility and the JPM Second Amendment, which is included in the Company’s consolidated balance sheet as of June 30, 2023 and will amortize to interest expense over the term of the Third Amended JPM Credit Facility and the JPM Second Amendment. At June 30, 2023, the unamortized portion of the debt issuance costs was $3,726. For the three and six months ended June 30, 2023 and 2022 and the year ended December 31, 2022, the components of interest expense, average borrowings, and weighted average interest rate for the JPM Second Amendment and the Third Amended JPM Credit Facility were as follows: Three Months Ended June 30, Six Months Ended June 30, Year Ended December 31, 2023 2022 2023 2022 2022 Stated interest expense $ 12,385 $ 6,056 $ 24,375 $ 10,763 $ 29,254 Amortization of deferred financing costs 532 571 1,096 1,061 2,214 Non-usage fee 189 193 360 263 617 Total interest expense $ 13,106 $ 6,820 $ 25,831 $ 12,087 $ 32,085 Weighted average interest rate(1) 8.30 % 4.12 % 8.16 % 3.81 % 4.99 % Average borrowings $ 600,000 $ 598,571 $ 603,315 $ 575,083 $ 590,603 (1) Includes the stated interest expense and non-usage fee on the unused portion of the JPM Second Amendment and the Third Amended JPM Credit Facility and is annualized for periods covering less than one year. 2026 Notes On February 11, 2021, the Company entered into a Note Purchase Agreement with certain purchasers, or the Note Purchase Agreement, in connection with the Company’s issuance of $125,000 aggregate principal amount of its 4.50% senior unsecured notes due in 2026, or the 2026 Notes. The net proceeds to the Company were approximately $122,300, after the deduction of placement agent fees and other financing expenses, which the Company used to repay debt under its secured financing arrangements. The 2026 Notes mature on February 11, 2026. The 2026 Notes bear interest at a rate of 4.50% per year payable semi-annually on February 11th and August 11th of each year, which commenced on August 11, 2021. The Company has the right to, at its option, redeem all or a part that is not less than 10% of the 2026 Notes (i) on or before February 11, 2024, at a redemption price equal to 100% of the principal amount of 2026 Notes to be redeemed plus an applicable “make-whole” amount equal to (x) the discounted value of the remaining scheduled payments with respect to the principal of such 2026 Note that is to be prepaid or becomes due and payable pursuant to the Note Purchase Agreement over (y) the amount of such called principal, plus accrued and unpaid interest, if any, (ii) after February 11, 2024 but on or before February 11, 2025, at a redemption price equal to 102% of the principal amount of the 2026 Notes to be redeemed, plus accrued and unpaid interest, if any, (iii) after February 11, 2025 but on or before August 11, 2025, at a redemption price equal to 101% of the principal amount of the 2026 Notes to be redeemed, plus accrued and unpaid interest, if any, and (iv) after August 11, 2025, at a redemption price equal to 100% of the principal amount of the 2026 Notes to be redeemed, plus accrued and unpaid interest, if any. For any redemptions occurring on or before February 11, 2024, the discounted value portion of the “make whole amount” is calculated by applying a discount rate on the same periodic basis as that on which interest on the 2026 Notes is payable equal to the sum of 0.50% plus the yield to maturity of the most recently issued U.S. Treasury securities having a maturity equal to the remaining average life of the 2026 Notes, or if there are no such U.S. Treasury securities, using such implied yield to maturity determined in accordance with the terms of the Note Purchase Agreement. The 2026 Notes are general unsecured obligations of the Company that rank pari passu with all existing and future unsecured unsubordinated indebtedness issued by the Company, rank effectively junior to any of the Company’s secured indebtedness (including unsecured indebtedness that the Company later secures) to the extent of the value of the assets securing such indebtedness, and rank structurally junior to all existing and future indebtedness (including trade payables) incurred by certain of the Company’s subsidiaries, financing vehicles or similar facilities. The Note Purchase Agreement contains other terms and conditions, including, without limitation, affirmative and negative covenants such as (i) information reporting, (ii) maintenance of the Company’s status as a BDC, (iii) minimum shareholders’ equity of 60% of the Company’s net asset value as of the year ended December 31, 2020 plus 50% of the net cash proceeds of the sale of certain equity interests by the Company after February 11, 2021, if any, (iv) a minimum asset coverage ratio of not less than 150%, (v) a minimum interest coverage ratio of 1.25 to 1.00 and (vi) an unencumbered asset coverage ratio of 1.25 to 1.00, provided that (a) first lien senior secured loans and cash represent more than 65% of the total value of unencumbered assets used by the Company for purposes of the ratio and (b) equity interests or structured products in the aggregate represent less than 15% of the total value of unencumbered assets used by the Company for purposes of the ratio. As of and for the three months ended June 30, 2023, the Company was in compliance with all covenants and reporting requirements. The Note Purchase Agreement also contains a “most favored lender” provision in favor of the purchasers in respect of any new unsecured credit facilities, loans or indebtedness in excess of $25,000 incurred by the Company, which indebtedness contains a financial covenant not contained in, or more restrictive against the Company than those contained, in the Note Purchase Agreement. In addition, the Note Purchase Agreement contains customary events of default with customary cure and notice periods, including, without limitation, nonpayment, incorrect representation in any material respect, breach of covenant, cross-default under other indebtedness or derivative securities of the Company in an outstanding aggregate principal amount of at least $25,000, certain judgments and orders, and certain events of bankruptcy. As of June 30, 2023, the aggregate principal amount of 2026 Notes outstanding was $125,000. Through June 30, 2023, the Company incurred debt issuance costs of $2,669 in connection with issuing the 2026 Notes, which were recorded as a direct reduction to the outstanding balance of the 2026 Notes, which is included in the Company’s consolidated balance sheet as of June 30, 2023 and will amortize to interest expense over the term of the 2026 Notes. At June 30, 2023, the unamortized portion of the debt issuance costs was $1,398. For the three and six months ended June 30, 2023 and 2022 and for the year ended December 31, 2022, the components of interest expense, average borrowings, and weighted average interest rate for the 2026 Notes were as follows: Three Months Ended Six Months Ended Year Ended December 31, 2023 2022 2023 2022 Stated interest expense $ 1,406 $ 1,422 $ 2,812 $ 2,828 $ 5,600 Amortization of deferred financing costs 133 133 264 264 533 Total interest expense $ 1,539 $ 1,555 $ 3,076 $ 3,092 $ 6,133 Weighted average interest rate(1) 4.50 % 4.50 % 4.50 % 4.50 % 4.50 % Average borrowings $ 125,000 $ 125,000 $ 125,000 $ 125,000 $ 125,000 (1) Includes the stated interest expense on the 2026 Notes and is annualized for periods covering less than one year. UBS Facility On May 19, 2017, the Company, through two newly-formed, wholly-owned, special-purpose financing subsidiaries, entered into a financing arrangement with UBS pursuant to which up to $125,000 was made available to the Company. Pursuant to the financing arrangement, assets in the Company's portfolio may be contributed from time to time to Murray Hill Funding II through Murray Hill Funding, LLC, or Murray Hill Funding, each a newly-formed, wholly-owned, special-purpose financing subsidiary of the Company. On May 19, 2017, the Company contributed assets to Murray Hill Funding II. The assets held by Murray Hill Funding II secure the obligations of Murray Hill Funding II under Class A-1 Notes, or the Notes, issued by Murray Hill Funding II. Pursuant to an Indenture, dated May 19, 2017, between Murray Hill Funding II and U.S. Bank National Association, or U.S. Bank, as trustee, or the Indenture, the aggregate principal amount of Notes that may be issued by Murray Hill Funding II from time to time was $192,308. Murray Hill Funding purchased the Notes issued by Murray Hill Funding II at a purchase price equal to their par value. Murray Hill Funding makes capital contributions to Murray Hill Funding II to, among other things, maintain the value of the portfolio of assets held by Murray Hill Funding II. Principal on the Notes will be due and payable on the stated maturity date of May 19, 2027. Pursuant to the Indenture, Murray Hill Funding II made certain representations and warranties and is required to comply with various covenants, reporting requirements and other customary requirements for similar transactions. The Indenture contains events of default customary for similar transactions, including, without limitation: (a) the failure to make principal payments on the Notes at their stated maturity or any earlier redemption date or to make interest payments on the Notes and such failure is not cured within three business days; (b) the failure to disburse amounts in accordance with the priority of payments and such failure is not cured within three business days; and (c) the occurrence of certain bankruptcy and insolvency events with respect to Murray Hill Funding II or Murray Hill Funding. As of and for the three months ended June 30, 2023, Murray Hill Funding II was in compliance with all covenants and reporting requirements. Murray Hill Funding, in turn, entered into a repurchase transaction with UBS, pursuant to the terms of a Global Master Repurchase Agreement and the related Annex and Master Confirmation thereto, each dated May 19, 2017, or collectively, the UBS Facility. Pursuant to the UBS Facility, on May 19, 2017 and June 19, 2017, UBS purchased Notes held by Murray Hill Funding for an aggregate purchase price equal to 65% of the principal amount of Notes purchased. Subject to certain conditions, the maximum principal amount of Notes that may be purchased under the UBS Facility was $192,308. Accordingly, the aggregate maximum amount payable to Murray Hill Funding under the UBS Facility would not exceed $125,000. Murray Hill Funding was required to repurchase the Notes sold to UBS under the UBS Facility by no later than May 19, 2020. The repurchase price paid by Murray Hill Funding to UBS will be equal to the purchase price paid by UBS for the repurchased Notes (giving effect to any reductions resulting from voluntary partial prepayment(s)). The financing fee under the UBS Facility was equal to the three-month LIBOR plus a spread of up to 3.50% per year for the relevant period. On December 1, 2017, Murray Hill Funding II amended and restated the Indenture, or the Amended Indenture, pursuant to which the aggregate principal amount of Notes that may be issued by Murray Hill Funding II was increased from $192,308 to $266,667. On December 1, 2017, Murray Hill Funding entered into a First Amended and Restated Master Confirmation to the Global Master Repurchase Agreement, or the Amended Master Confirmation, which sets forth the terms of the repurchase transaction between Murray Hill Funding and UBS under the UBS Facility. As part of the Amended Master Confirmation, on December 15, 2017 and April 2, 2018, UBS purchased the increased aggregate principal amount of Notes held by Murray Hill Funding for an aggregate purchase price equal to 75% of the principal amount of Notes issued. As a result of the Amended Master Confirmation, the aggregate maximum amount payable to Murray Hill Funding and made available to the Company under the UBS Facility was increased from $125,000 to $200,000. No other material terms of the UBS Facility were revised in connection with the amended UBS Facility, or the Amended UBS Facility. On May 19, 2020, Murray Hill Funding entered into a Second Amended and Restated Master Confirmation to the Global Master Repurchase Agreement, or the Second Amended Master Confirmation, which extended the date that Murray Hill Funding will be required to repurchase the Notes sold to UBS under the Amended UBS Facility from May 19, 2020 to November 19, 2020, and increased the spread on the financing fee from 3.50% to 3.90% per year. On May 19, 2020, Murray Hill Funding also repurchased Notes in the aggregate principal amount of $133,333 from UBS for an aggregate repurchase price of $100,000, which was then repaid by Murray Hill Funding II. The repurchase of the Notes on May 19, 2020 resulted in a repayment of one-half of the outstanding amount of borrowings under the Amended UBS Facility as of May 19, 2020. As of December 31, 2020, Notes remained outstanding in the aggregate principal amount of $133,333, which was purchased by Murray Hill Funding from Murray Hill Funding II and subsequently sold to UBS under the Amended UBS Facility for aggregate proceeds of $100,000. On November 12, 2020, Murray Hill Funding entered into a Third Amended and Restated Master Confirmation to the Global Master Repurchase Agreement, or the Third Amended Master Confirmation, to further extend the date that Murray Hill Funding will be required to repurchase the Notes to December 18, 2020. On December 17, 2020, Murray Hill Funding entered into a Fourth Amended and Restated Master Confirmation to the Global Master Repurchase Agreement, or the Fourth Amended Master Confirmation, which further extended the date that Murray Hill Funding will be required to repurchase the Notes sold to UBS under the Amended UBS Facility from December 18, 2020 to November 19, 2023, and decreased the spread on the financing fee from 3.90% to 3.375% per year. No other material terms of the Amended UBS Facility were revised in connection with the Fourth Amended Master Confirmation. On December 17, 2020, Murray Hill Funding also entered into a Revolving Credit Note Agreement, or the Revolving Note Agreement, with Murray Hill Funding II, UBS and U.S. Bank, as note agent and trustee, which provides for a revolving credit facility in an aggregate principal amount of $50,000, subject to compliance with a borrowing base. Murray Hill Funding II will issue Class A-R Notes, or the Class A-R Notes, in exchange for advances under the Revolving Note Agreement. Principal on the Class A-R Notes will be due and payable on the stated maturity date of May 19, 2027, which is the same stated maturity date as the Notes. The Class A-R Notes will be issued pursuant to a Second Amended and Restated Indenture, dated December 17, 2020, between Murray Hill Funding II and U.S. Bank, as trustee, or the Second Amended Indenture. Under the Second Amended Indenture, the aggregate principal amount of Notes and Class A-R Notes that may be issued by Murray Hill Funding II from time to time is $150,000. Murray Hill Funding, in turn, entered into a repurchase transaction with UBS pursuant to the terms of the related Annex and Master Confirmation, dated December 17, 2020, to the Global Master Repurchase Agreement, dated May 19, 2017, related to the Class A-R Notes. Murray Hill Funding was required to repurchase the Class A-R Notes that will be sold to UBS by no later than November 19, 2023. The financing fee for the funded Class A-R Notes was equal to the three-month LIBOR plus a spread of 3.375% per year while the financing fee for the unfunded Class A-R Notes is equal to 0.75% per year. On June 14, 2023, Murray Hill Funding entered into with UBS (i) a Fifth Amended and Restated Master Confirmation (Class A-1 Notes) to the Global Master Repurchase Agreement, or the Fifth Amended Master Confirmation, and (ii) an Amended and Restated Master Confirmation (Class A-R Notes) to the Global Master Repurchase Agreement, or the Amended Master Confirmation. Under both Confirmations, the date that Murray Hill Funding will be required to repurchase the Notes and the Class A-R Notes previously sold to UBS under the Amended UBS Facility was extended from November 19, 2023 to November 19, 2024. Also under both Confirmations, the financing fee payable to UBS was revised from a floating rate equal to the three-month LIBOR, plus a spread of 3.375% per year, to a floating rate equal to the three-month SOFR, plus a spread of (a) to (but excluding) November 19, 2023, 3.525% per year, and (b) thereafter, 3.20% per year. The effective date of both Confirmations was June 15, 2023. No other material terms of the Amended UBS Facility were revised in connection with the Fifth Amended Master Confirmation or the Amended Master Confirmation. On July 1, 2021, December 14, 2021 and April 19, 2022, UBS purchased Class A-R Notes held by Murray Hill Funding for an aggregate purchase price equal to 100% of the principal amount of Class A-R Notes purchased, which was $21,000, $25,000 and $17,500, respectively. On August 20, 2021, March 7, 2023 and April 14, 2023, Murray Hill Funding repurchased Class A-R Notes from UBS in the aggregate principal amount of $21,000, $17,500 and $25,000, respectively, for an aggregate repurchase price of $21,000, $17,500 and $25,000, respectively, which was then repaid by Murray Hill Funding II. The repurchase of the Class A-R Notes on August 20, 2021, March 7, 2023 and April 14, 2023 resulted in repayments of $21,000, $17,500 and $25,000, respectively, of the outstanding amount of borrowings under the Amended UBS Facility. UBS may require Murray Hill Funding to post cash collateral if, without limitation, the sum of the market value of the portfolio of assets and the cash and eligible investments held by Murray Hill Funding II, together with any posted cash collateral, is less than the required margin amount under the Amended UBS Facility; provided, however, that Murray Hill Funding will not be required to post cash collateral with UBS until such market value has declined at least 10% from the initial market value of the portfolio assets. The Company has no contractual obligation to post any such cash collateral or to make any payments to UBS on behalf of Murray Hill Funding. The Company may, but is not obligated to, increase its investment in Murray Hill Funding for the purpose of funding any cash collateral or payment obligations for which Murray Hill Funding becomes obligated in connection with the Amended UBS Facility. The Company’s exposure under the Amended UBS Facility is limited to the value of the Company’s investment in Murray Hill Funding. Pursuant to the Amended UBS Facility, Murray Hill Funding made certain representations and warranties and is required to comply with a borrowing base requirement, various covenants, reporting requirements and other customary requirements for similar transactions. The Amended UBS Facility contains events of default customary for similar financing transactions, including, without limitation: (a) failure to transfer the Notes to UBS on the applicable purchase date or repurchase the Notes from UBS on the applicable repurchase date; (b) failure to pay certain fees and make-whole amounts when due; (c) failure to post cash collateral as required; (d) the occurrence of insolvency events with respect to Murray Hill Funding; and (e) the admission by Murray Hill Funding of its inability to, or its intention not to, perform any of its obligations under the Amended UBS Facility. As of and for the three months ended June 30, 2023, Murray Hill Funding was in compliance with all covenants and reporting requirements. Murray Hill Funding paid an upfront fee and incurred certain other customary costs and expenses totaling $2,637 in connection with obtaining the Amended UBS Facility, which were recorded as a direct reduction to the outstanding balance of the Amended UBS Facility, which is included in the Company’s consolidated balance sheets and amortized to interest expense over the term of the Amended UBS Facility. At June 30, 2023, all upfront fees and other expenses were fully amortized. As of June 30, 2023, Notes in the aggregate principal amount of $100,000 had been purchased by Murray Hill Funding from Murray Hill Funding II and subsequently sold to UBS under the Amended UBS Facility for aggregate proceeds of $100,000. The carrying amount outstanding under the Amended UBS Facility approximates its fair value. The Company funded each purchase of Notes by Murray Hill Funding through a capital contribution to Murray Hill Funding. As of June 30, 2023, the amount due at maturity under the Amended UBS Facility was $100,000. The Notes issued by Murray Hill Funding II and purchased by Murray Hill Funding eliminate in consolidation on the Company’s consolidated financial statements. As of June 30, 2023, the fair value of assets held by Murray Hill Funding II was $229,265. For the three and six months ended June 30, 2023 and 2022 and the year ended December 31, 2022, the components of interest expense, average borrowings, and weighted average interest rate for the Amended UBS Facility were as follows: Three Months Ended June 30, Six Months Ended June 30, Year Ended December 31, 2023 2022 2023 2022 2022 Stated interest expense $ 2,162 $ 1,533 $ 4,966 $ 2,680 $ 7,273 Non-usage fee 89 21 112 68 96 Total interest expense $ 2,251 $ 1,554 $ 5,078 $ 2,748 $ 7,369 Weighted average interest rate(1) 8.62 % 4.42 % 8.39 % 4.14 % 5.29 % Average borrowings $ 103,297 $ 139,038 $ 120,373 $ 132,058 $ 137,322 (1) Includes the stated interest expense and non-usage fee on the unused portion of the Amended UBS Facility and is annualized for periods covering less than one year. Series A Notes On February 28, 2023, the Company entered into a Deed of Trust, or the Deed of Trust, with Mishmeret Trust Company Ltd., as trustee, under which the Company issued $80,712 in aggregate principal amount of its Series A Unsecured Notes due 2026, or the Series A Notes. The Series A Notes offering in Israel closed on February 28, 2023 and the Series A Notes listed and commenced trading on the TASE on February 28, 2023. After the deduction of fees and other offering expenses, the Company received net proceeds of approximately $77,900, which it used to make investments in portfolio companies in accordance with its investment objectives and for working capital and general corporate purposes. The Series A Notes are rated A1.il by Midroog Ltd., an affiliate of Moody’s. The carrying amount outstanding under the Series A Notes approximates its fair value. The Series A Notes will mature on August 31, 2026 and may be redeemed in whole or in part at the Company's option at par plus a “make-whole” premium, if applicable, as set forth in the Deed of Trust. The Series A Notes bear interest at a rate equal to SOFR plus a credit spread of 3.82% per year, which will be paid quarterly on February 28, May 31, August 31, and November 30 of each year, which commenced on May 31, 2023. The Series A Notes are general unsecured obligations of the Company that rank senior in right of payment to all of the Company’s existing and future indebtedness that is expressly subordinated in right of payment to the Series A Notes, rank pari passu with all existing and future unsecured unsubordinated indebtedness issued by the Company, rank effectively junior to any of the Company's secured indebtedness (including unsecured indebtedness that the Company later secures) to the extent of the value of the assets securing such indebtedness, and rank structurally junior to all existing and future indebtedne | |||
Cash Balances Risk [Member] | ||||
General Description of Registrant [Abstract] | ||||
Risk [Text Block] | We and our portfolio companies may maintain cash balances at financial institutions that exceed federally insured limits and may otherwise be materially affected by adverse developments affecting the financial services industry, such as actual events or concerns involving liquidity, defaults or non-performance by financial institutions or transactional counterparties. Our cash is held principally at one financial institution that we believe is of high quality and at times may exceed insured limits. Cash held by us and by our portfolio companies in non-interest-bearing and interest-bearing operating accounts may exceed the FDIC insurance limits. If such banking institutions were to fail, we or our portfolio companies could lose all or a portion of those amounts held in excess of such insurance limitations. In addition, actual events involving limited liquidity, defaults, non-performance or other adverse developments that affect financial institutions, transactional counterparties or other companies in the financial services industry or the financial services industry generally, or concerns or rumors about any events of these kinds or other similar risks, have in the past and may in the future lead to market-wide liquidity problems, which could adversely affect our and our portfolio companies’ business, financial condition, results of operations, or prospects. Although we assess our banking relationships as we believe necessary or appropriate, our access to funding sources and other credit arrangements in amounts adequate to finance or capitalize our current and projected future business operations could be significantly impaired by factors that affect us, the financial institutions with which we have arrangements directly, or the financial services industry or economy in general. These factors could include, among others, events such as liquidity constraints or failures, the ability to perform obligations under various types of financial, credit or liquidity agreements or arrangements, disruptions or instability in the financial services industry or financial markets or concerns or negative expectations about the prospects for companies in the financial services industry. These factors could involve financial institutions or financial services industry companies with which we have financial or business relationships but could also include factors involving financial markets or the financial services industry generally. | |||
2026 Notes [Member] | ||||
Capital Stock, Long-Term Debt, and Other Securities [Abstract] | ||||
Long Term Debt, Title [Text Block] | 2026 Notes | |||
Long Term Debt, Structuring [Text Block] | The 2026 Notes mature on February 11, 2026. The 2026 Notes bear interest at a rate of 4.50% per year payable semi-annually on February 11th and August 11th of each year, which commenced on August 11, 2021. The Company has the right to, at its option, redeem all or a part that is not less than 10% of the 2026 Notes (i) on or before February 11, 2024, at a redemption price equal to 100% of the principal amount of 2026 Notes to be redeemed plus an applicable “make-whole” amount equal to (x) the discounted value of the remaining scheduled payments with respect to the principal of such 2026 Note that is to be prepaid or becomes due and payable pursuant to the Note Purchase Agreement over (y) the amount of such called principal, plus accrued and unpaid interest, if any, (ii) after February 11, 2024 but on or before February 11, 2025, at a redemption price equal to 102% of the principal amount of the 2026 Notes to be redeemed, plus accrued and unpaid interest, if any, (iii) after February 11, 2025 but on or before August 11, 2025, at a redemption price equal to 101% of the principal amount of the 2026 Notes to be redeemed, plus accrued and unpaid interest, if any, and (iv) after August 11, 2025, at a redemption price equal to 100% of the principal amount of the 2026 Notes to be redeemed, plus accrued and unpaid interest, if any. For any redemptions occurring on or before February 11, 2024, the discounted value portion of the “make whole amount” is calculated by applying a discount rate on the same periodic basis as that on which interest on the 2026 Notes is payable equal to the sum of 0.50% plus the yield to maturity of the most recently issued U.S. Treasury securities having a maturity equal to the remaining average life of the 2026 Notes, or if there are no such U.S. Treasury securities, using such implied yield to maturity determined in accordance with the terms of the Note Purchase Agreement. The 2026 Notes are general unsecured obligations of the Company that rank pari passu with all existing and future unsecured unsubordinated indebtedness issued by the Company, rank effectively junior to any of the Company’s secured indebtedness (including unsecured indebtedness that the Company later secures) to the extent of the value of the assets securing such indebtedness, and rank structurally junior to all existing and future indebtedness (including trade payables) incurred by certain of the Company’s subsidiaries, financing vehicles or similar facilities. | |||
Long Term Debt, Dividends and Covenants [Text Block] | The Note Purchase Agreement contains other terms and conditions, including, without limitation, affirmative and negative covenants such as (i) information reporting, (ii) maintenance of the Company’s status as a BDC, (iii) minimum shareholders’ equity of 60% of the Company’s net asset value as of the year ended December 31, 2020 plus 50% of the net cash proceeds of the sale of certain equity interests by the Company after February 11, 2021, if any, (iv) a minimum asset coverage ratio of not less than 150%, (v) a minimum interest coverage ratio of 1.25 to 1.00 and (vi) an unencumbered asset coverage ratio of 1.25 to 1.00, provided that (a) first lien senior secured loans and cash represent more than 65% of the total value of unencumbered assets used by the Company for purposes of the ratio and (b) equity interests or structured products in the aggregate represent less than 15% of the total value of unencumbered assets used by the Company for purposes of the ratio. As of and for the three months ended June 30, 2023, the Company was in compliance with all covenants and reporting requirements. The Note Purchase Agreement also contains a “most favored lender” provision in favor of the purchasers in respect of any new unsecured credit facilities, loans or indebtedness in excess of $25,000 incurred by the Company, which indebtedness contains a financial covenant not contained in, or more restrictive against the Company than those contained, in the Note Purchase Agreement. In addition, the Note Purchase Agreement contains customary events of default with customary cure and notice periods, including, without limitation, nonpayment, incorrect representation in any material respect, breach of covenant, cross-default under other indebtedness or derivative securities of the Company in an outstanding aggregate principal amount of at least $25,000, certain judgments and orders, and certain events of bankruptcy. | |||
UBS Facility [Member] | ||||
Capital Stock, Long-Term Debt, and Other Securities [Abstract] | ||||
Long Term Debt, Title [Text Block] | UBS Facility | |||
Long Term Debt, Structuring [Text Block] | On December 17, 2020, Murray Hill Funding entered into a Fourth Amended and Restated Master Confirmation to the Global Master Repurchase Agreement, or the Fourth Amended Master Confirmation, which further extended the date that Murray Hill Funding will be required to repurchase the Notes sold to UBS under the Amended UBS Facility from December 18, 2020 to November 19, 2023, and decreased the spread on the financing fee from 3.90% to 3.375% per year. No other material terms of the Amended UBS Facility were revised in connection with the Fourth Amended Master Confirmation. On December 17, 2020, Murray Hill Funding also entered into a Revolving Credit Note Agreement, or the Revolving Note Agreement, with Murray Hill Funding II, UBS and U.S. Bank, as note agent and trustee, which provides for a revolving credit facility in an aggregate principal amount of $50,000, subject to compliance with a borrowing base. Murray Hill Funding II will issue Class A-R Notes, or the Class A-R Notes, in exchange for advances under the Revolving Note Agreement. Principal on the Class A-R Notes will be due and payable on the stated maturity date of May 19, 2027, which is the same stated maturity date as the Notes. | |||
Long Term Debt, Dividends and Covenants [Text Block] | Pursuant to the Amended UBS Facility, Murray Hill Funding made certain representations and warranties and is required to comply with a borrowing base requirement, various covenants, reporting requirements and other customary requirements for similar transactions. The Amended UBS Facility contains events of default customary for similar financing transactions, including, without limitation: (a) failure to transfer the Notes to UBS on the applicable purchase date or repurchase the Notes from UBS on the applicable repurchase date; (b) failure to pay certain fees and make-whole amounts when due; (c) failure to post cash collateral as required; (d) the occurrence of insolvency events with respect to Murray Hill Funding; and (e) the admission by Murray Hill Funding of its inability to, or its intention not to, perform any of its obligations under the Amended UBS Facility. As of and for the three months ended June 30, 2023, Murray Hill Funding was in compliance with all covenants and reporting requirements. Murray Hill Funding paid an upfront fee and incurred certain other customary costs and expenses totaling $2,637 in connection with obtaining the Amended UBS Facility, which were recorded as a direct reduction to the outstanding balance of the Amended UBS Facility, which is included in the Company’s consolidated balance sheets and amortized to interest expense over the term of the Amended UBS Facility. At June 30, 2023, all upfront fees and other expenses were fully amortized. | |||
Senior Notes A [Member] | ||||
Capital Stock, Long-Term Debt, and Other Securities [Abstract] | ||||
Long Term Debt, Title [Text Block] | Series A Notes | |||
Long Term Debt, Structuring [Text Block] | On February 28, 2023, the Company entered into a Deed of Trust, or the Deed of Trust, with Mishmeret Trust Company Ltd., as trustee, under which the Company issued $80,712 in aggregate principal amount of its Series A Unsecured Notes due 2026, or the Series A Notes. The Series A Notes offering in Israel closed on February 28, 2023 and the Series A Notes listed and commenced trading on the TASE on February 28, 2023. After the deduction of fees and other offering expenses, the Company received net proceeds of approximately $77,900, which it used to make investments in portfolio companies in accordance with its investment objectives and for working capital and general corporate purposes. The Series A Notes are rated A1.il by Midroog Ltd., an affiliate of Moody’s. The carrying amount outstanding under the Series A Notes approximates its fair value. The Series A Notes will mature on August 31, 2026 and may be redeemed in whole or in part at the Company's option at par plus a “make-whole” premium, if applicable, as set forth in the Deed of Trust. The Series A Notes bear interest at a rate equal to SOFR plus a credit spread of 3.82% per year, which will be paid quarterly on February 28, May 31, August 31, and November 30 of each year, which commenced on May 31, 2023. The Series A Notes are general unsecured obligations of the Company that rank senior in right of payment to all of the Company’s existing and future indebtedness that is expressly subordinated in right of payment to the Series A Notes, rank pari passu with all existing and future unsecured unsubordinated indebtedness issued by the Company, rank effectively junior to any of the Company's secured indebtedness (including unsecured indebtedness that the Company later secures) to the extent of the value of the assets securing such indebtedness, and rank structurally junior to all existing and future indebtedness (including trade payables) incurred by the Company's subsidiaries, financing vehicles or similar facilities. | |||
Long Term Debt, Dividends and Covenants [Text Block] | The Deed of Trust contains other terms and conditions, including, without limitation, affirmative and negative covenants such as (i) information reporting, (ii) maintenance of the Company’s status as a BDC within the meaning of the 1940 Act, (iii) minimum shareholders’ equity of $525 million, (iv) a minimum asset coverage ratio of not less than 150%, and (v) an unencumbered asset coverage ratio of 1.25 to 1.00. In addition, the Deed of Trust contains customary events of default with customary cure and notice periods, including, without limitation, nonpayment, incorrect representation in any material respect, breach of covenant, cross-default under the Company’s other indebtedness in an outstanding aggregate principal amount of at least $50,000, certain judgments and orders, and certain events of bankruptcy. As of and for the three months ended June 30, 2023, the Company was in compliance with all covenants and reporting requirements. | |||
2022 More Term Loan [Member] | ||||
Capital Stock, Long-Term Debt, and Other Securities [Abstract] | ||||
Long Term Debt, Title [Text Block] | 2022 More Term Loan | |||
Long Term Debt, Structuring [Text Block] | On April 27, 2022, the Company entered into an Unsecured Term Loan Facility Agreement, or the More Term Loan Agreement, with More Provident Funds and Pension Ltd., or More Provident, as lender, which provided for an unsecured term loan to the Company in an aggregate principal amount of $50,000, or the 2022 More Term Loan. On April 27, 2022, the Company drew down $50,000 of borrowings under the 2022 More Term Loan. After the deduction of fees and other financing expenses, the Company received net borrowings of approximately $49,000, which it used for working capital and other general corporate purposes. The carrying amount outstanding under the 2022 More Term Loan approximates its fair value. Advances under the 2022 More Term Loan bear interest at a floating rate equal to the three-month SOFR, plus a credit spread of 3.50% per year and subject to a 1.0% SOFR floor, payable quarterly in arrears. Advances under the 2022 More Term Loan mature on April 27, 2027. The Company has the right to, at its option, prepay all or any portion of advances then outstanding together with a prepayment fee equal to the higher of (i) zero, or (ii) the discounted present value of all remaining interest payments that would have been paid by the Company through the maturity date with respect to the principal amount of such advance that is to be prepaid or becomes due and payable pursuant to the More Term Loan Agreement. The discounted present value portion of the prepayment fee is calculated by applying a discount rate on the same periodic basis as that on which interest on advances is payable equal to the three-month SOFR plus 2.00%. Advances under the 2022 More Term Loan are general unsecured obligations of the Company that rank pari passu with all existing and future unsecured unsubordinated indebtedness issued by the Company, rank effectively junior to any of the Company’s secured indebtedness (including unsecured indebtedness that the Company later secures) to the extent of the value of the assets securing such indebtedness, and rank structurally junior to all existing and future indebtedness (including trade payables) incurred by certain of the Company’s subsidiaries, financing vehicles or similar facilities. | |||
Long Term Debt, Dividends and Covenants [Text Block] | The More Term Loan Agreement contains other terms and conditions, including, without limitation, affirmative and negative covenants such as (i) information reporting, (ii) maintenance of the Company’s status as a BDC within the meaning of the 1940 Act, (iii) minimum shareholders’ equity of 60% of the Company’s net asset value as of the year ended December 31, 2021 plus 50% of the net cash proceeds of the sale of certain equity interests by the Company after April 27, 2022, if any, (iv) a minimum asset coverage ratio of not less than 150%, and (v) an unencumbered asset coverage ratio of 1.25 to 1.00, provided that (a) first lien senior secured loans and cash represent more than 65% of the total value of unencumbered assets used by the Company for purposes of the ratio and (b) equity interests or structured products in the aggregate represent less than 15% of the total value of unencumbered assets used by the Company for purposes of the ratio. In addition, the More Term Loan Agreement contains customary events of default with customary cure and notice periods, including, without limitation, nonpayment, incorrect representation in any material respect, breach of covenant, cross-default under other indebtedness or derivative securities of the Company in an outstanding aggregate principal amount of at least $25,000, certain judgments and orders, and certain events of bankruptcy. As of and for the three months ended June 30, 2023, the Company was in compliance with all covenants and reporting requirements. | |||
2021 More Term Loan [Member] | ||||
Capital Stock, Long-Term Debt, and Other Securities [Abstract] | ||||
Long Term Debt, Title [Text Block] | 2021 More Term Loan | |||
Long Term Debt, Structuring [Text Block] | On April 14, 2021, the Company entered into an Unsecured Term Loan Facility Agreement, or the Term Loan Agreement, with More Provident Funds Ltd., or More, as lender. The Term Loan Agreement with More, or the 2021 More Term Loan, provided for an unsecured term loan to the Company in an aggregate principal amount of $30,000. On April 20, 2021, the Company drew down $30,000 of borrowings under the 2021 More Term Loan. After the deduction of fees and other financing expenses, the Company received net borrowings of approximately $29,000, which the Company used for working capital and other general corporate purposes. Advances under the 2021 More Term Loan mature on September 30, 2024, and bear interest at a rate of 5.20% per year payable quarterly in arrears. The Company has the right to, at its option, prepay all or any portion of advances then outstanding together with a prepayment fee equal to the higher of (i) zero, or (ii) the discounted present value of all remaining interest payments that would have been paid by the Company through the maturity date with respect to the principal amount of such advance that is to be prepaid or becomes due and payable pursuant to the Term Loan Agreement. The discounted present value portion of the prepayment fee is calculated by applying a discount rate on the same periodic basis as that on which interest on advances is payable equal to the sum of 2.00% plus the yield to maturity of the most recently issued U.S. Treasury securities having a maturity equal to the remaining average life of the 2021 More Term Loan, or if there are no such U.S. Treasury securities, using such implied yield to maturity determined in accordance with the terms of the Term Loan Agreement. Advances under the 2021 More Term Loan are general unsecured obligations of the Company that rank pari passu with all existing and future unsecured unsubordinated indebtedness issued by the Company, rank effectively junior to the Company's secured indebtedness (including unsecured indebtedness that the Company later secures) to the extent of the value of the assets securing such indebtedness, and rank structurally junior to all existing and future indebtedness (including trade payables) incurred by certain of the Company's subsidiaries, financing vehicles or similar facilities. | |||
Long Term Debt, Dividends and Covenants [Text Block] | The Term Loan Agreement contains other terms and conditions, including, without limitation, affirmative and negative covenants such as (i) information reporting, (ii) maintenance of the Company's status as a BDC within the meaning of the 1940 Act, (iii) minimum shareholders’ equity of 60% of the Company’s net asset value as of the year ended December 31, 2020 plus 50% of the net cash proceeds of the sale of certain equity interests by the Company after April 14, 2021, if any, (iv) a minimum asset coverage ratio of not less than 150%, and (v) an unencumbered asset coverage ratio of 1.25 to 1.00, provided that (a) first lien senior secured loans and cash represent more than 65% of the total value of unencumbered assets used by the Company for purposes of the ratio and (b) equity interests or structured products in the aggregate represent less than 15% of the total value of unencumbered assets used by the Company for purposes of the ratio. In addition, the Term Loan Agreement contains customary events of default with customary cure and notice periods, including, without limitation, nonpayment, incorrect representation in any material respect, breach of covenant, cross default under other indebtedness or derivative securities of the Company in an outstanding aggregate principal amount of at least $25,000, certain judgments and orders, and certain events of ba nkruptcy. As of and for the three months ended June 30, 2023, the Company was in compliance with all covenants and reporting requirements. | |||
JPM Credit Facility [Member] | ||||
Capital Stock, Long-Term Debt, and Other Securities [Abstract] | ||||
Long Term Debt, Title [Text Block] | JPM Credit Facility | |||
Long Term Debt, Structuring [Text Block] | On March 28, 2022, 34th Street entered into a First Amendment to the Third Amended JPM Credit Facility with JPM, or the JPM First Amendment. Under the JPM First Amendment, the aggregate principal amount available for borrowings was increased from $575,000 to $675,000, subject to conditions described in the JPM First Amendment. Additional advances of up to $100,000 under the JPM First Amendment bore interest at a floating rate equal to the three-month SOFR, plus a credit spread of 3.10% per year, and a LIBOR to SOFR credit spread adjustment of 0.15%. 34 th Street incurred certain customary costs and expenses in connection with the JPM First Amendment. No other material terms of the Third Amended JPM Credit Facility were revised in connection with the JPM First Amendment. On May 15, 2023, 34th Street entered into a Second Amendment to the Third Amended JPM Credit Facility with JPM, or the JPM Second Amendment. Under the JPM Second Amendment, the aggregate principal amount available for borrowings remained unchanged of up to $675,000 but all such advances bear interest at a floating rate equal to the three-month SOFR, plus a credit spread of 3.05% per year, and a LIBOR to SOFR credit spread adjustment of 0.15%. The reinvestment period was extended from May 15, 2023 to May 15, 2024 and the maturity date was extended from May 15, 2024 to May 15, 2025. Also under the JPM Second Amendment, the amount of minimum borrowings required was reduced by $50,000 to $550,000 with a six-month non-call provision. 34 th Street incurred certain customary costs and expenses in connection with the JPM Second Amendment. No other material terms of the Third Amended JPM Credit Facility were revised in connection with the JPM Second Amendment. Interest is payable quarterly in arrears. 34th Street may prepay advances pursuant to the terms and conditions of the Third Amended JPM Credit Facility and the JPM Second Amendment, subject to a 1.0% premium in certain circumstances. In addition, 34th Street will be subject to a non-usage fee of 1.0% per year on the amount, if any, of the aggregate principal amount available under the Third Amended JPM Credit Facility and the JPM Second Amendment that has not been borrowed through May 14, 2024. The non-usage fees, if any, are payable quarterly in arrears. | |||
Long Term Debt, Dividends and Covenants [Text Block] | In connection with the Third Amended JPM Credit Facility and the JPM Second Amendment, 34th Street made certain representations and warranties and is required to comply with a borrowing base requirement, various covenants, reporting requirements and other customary requirements for similar facilities. As of and for the three months ended June 30, 2023, 34th Street was in compliance with all covenants and reporting requirements. |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2023 | |
Accounting Policies [Abstract] | |
Basis of Presentation | The accompanying unaudited consolidated financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles, or GAAP, for interim financial information and pursuant to the instructions for Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. For a more complete discussion of significant accounting policies and certain other information, the Company’s interim unaudited consolidated financial statements should be read in conjunction with its audited consolidated financial statements as of December 31, 2022 and for the year then ended included in the Company’s Annual Report on Form 10-K. Operating results for interim periods are not necessarily indicative of the results that may be expected for the full year ending December 31, 2023. |
Consolidation | The consolidated balance sheet and the consolidated schedule of investments as of December 31, 2022 and the consolidated statements of operations, changes in net assets, and cash flows for the year ended December 31, 2022 are derived from the 2022 audited consolidated financial statements and include the accounts of the Company’s wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. The Company does not consolidate its equity interest in CION/EagleTree Partners, LLC, or CION/EagleTree. See Note 7 for a description of the Company’s investment in CION/EagleTree. |
Recently Announced Accounting Pronouncements | In June 2022, the Financial Accounting Standards Board, or the FASB, issued ASU 2022-03, Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions , or ASU 2022-03, which clarifies the guidance when measuring the fair value of an equity security subject to contractual restrictions that prohibit the sale of an equity security and introduces new disclosure requirements for equity securities subject to contractual sale restrictions that are measured at fair value in accordance with Topic 820. ASU 2022-03 is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2023. The Company is evaluating the potential impact that the adoption of this guidance will have on the Company’s consolidated financial statements. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting , or ASU 2020-04, which provides optional expedients and exceptions for applying GAAP to contract modifications, hedging relationships and other transactions, subject to meeting certain criteria, that reference LIBOR or another reference rate expected to be discontinued because of the reference rate reform. ASU 2020-04 is effective for all entities as of March 12, 2020 through December 31, 2022. The expedients and exceptions provided by this guidance do not apply to contract modifications and hedging relationships entered into or evaluated after December 31, 2022. In December 2022, the FASB issued ASU No. 2022-06, Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848 , which deferred the sunset date of this guidance to December 31, 2024. The Company is evaluating the potential impact that the adoption of this guidance will have on the Company’s consolidated financial statements. |
Cash and Cash Equivalents | Cash and cash equivalents include cash in banks and highly liquid investments with original maturity dates of three months or less. The Company’s cash and cash equivalents are held principally at one financial institution and at times may exceed insured limits. The Company periodically evaluates the creditworthiness of this institution and has not experienced any losses on such deposits. |
Foreign Currency Translations | The accounting records of the Company are maintained in U.S. dollars. All assets and liabilities denominated in foreign currencies are translated into U.S. dollars based on the foreign exchange rate on the date of valuation. The Company does not isolate that portion of the results of operations resulting from changes in foreign exchange rates on investments from the fluctuations arising from changes in market prices of securities held. Changes in the relationship of foreign currencies to the U.S. dollar can significantly affect the value of these investments and therefore the earnings of the Company. |
Income Taxes | The Company elected to be treated for federal income tax purposes as a RIC under Subchapter M of the Code. To qualify and maintain qualification as a RIC, the Company must, among other things, meet certain source of income and asset diversification requirements and distribute to shareholders, for each taxable year, at least 90% of the Company’s “investment company taxable income”, which is generally equal to the sum of the Company’s net ordinary income plus the excess, if any, of realized net short-term capital gains over realized net long-term capital losses. If the Company continues to qualify as a RIC and continues to satisfy the annual distribution requirement, the Company will not be subject to corporate level federal income taxes on any income that the Company distributes to its shareholders. The Company intends to make distributions in an amount sufficient to maintain RIC status each year and to avoid any federal income taxes on income. The Company will also be subject to nondeductible federal excise taxes if the Company does not distribute at least 98.0% of net ordinary income, 98.2% of capital gains, if any, and any recognized and undistributed income from prior years for which it paid no federal income taxes. Two of the Company’s wholly-owned consolidated subsidiaries, View ITC, LLC and View Rise, LLC, or collectively the Taxable Subsidiaries, have elected to be treated as taxable entities for U.S. federal income tax purposes. As a result, the Taxable Subsidiaries are not consolidated with the Company for income tax purposes and may generate income tax expense or benefit, and the related tax assets and liabilities, as a result of their ownership of certain portfolio investments. The income tax expense or benefit, if any, and the related tax assets and liabilities, where material, are reflected in the Company’s consolidated financial statements. There were no deferred tax assets or liabilities as of June 30, 2023 or December 31, 2022. Book/tax differences relating to permanent differences are reclassified among the Company’s capital accounts, as appropriate. Additionally, the tax character of distributions is determined in accordance with income tax regulations that may differ from GAAP (see Note 5). Uncertainty in Income Taxes The Company evaluates its tax positions to determine if the tax positions taken meet the minimum recognition threshold for the purposes of measuring and recognizing tax liabilities in the consolidated financial statements. Recognition of a tax benefit or liability with respect to an uncertain tax position is required only when the position is “more likely than not” to be sustained assuming examination by the taxing authorities. The Company recognizes interest and penalties, if any, related to unrecognized tax benefits as income tax expense in the consolidated statements of operations. The Company did not have any uncertain tax positions during the periods presented herein. The Company is subject to examination by U.S. federal, New York State, New York City and Maryland income tax jurisdictions for 2019, 2020 and 2021. |
Use of Estimates | The preparation of the consolidated financial statements in conformity with GAAP requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may materially differ from those estimates. |
Valuation of Portfolio Investments | The fair value of the Company’s investments is determined quarterly in good faith by the Company’s board of directors pursuant to its consistently applied valuation procedures and valuation process in accordance with Accounting Standards Codification Topic 820, Fair Value Measurements and Disclosure , or ASC 820. In accordance with Rule 2a-5 of the 1940 Act, the Company’s board of directors has designated CIM as the Company’s “valuation designee.” The Company’s board of directors and the audit committee of the board of directors, the latter of which is comprised solely of independent directors, oversees the activities, methodology and processes of the valuation designee. ASC 820 defines fair value as the price that would be received from the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820 also establishes a three-tier fair value hierarchy that prioritizes and ranks the level of market price observability of inputs used in measuring investments at fair value. Inputs used to measure these fair values are classified into the following hierarchy: Level 1 - Quoted prices in active markets for identical assets or liabilities, accessible by the Company at the measurement date. Level 2 - Quoted prices for similar assets or liabilities in active markets, or quoted prices for identical or similar assets or liabilities in markets that are not active, or other observable inputs other than quoted prices. Level 3 - Unobservable inputs for the asset or liability. The inputs used in the determination of fair value may require significant management judgment or estimation. Such information may be the result of consensus pricing information or broker quotes that include a disclaimer that the broker would not be held to such a price in an actual transaction. The non-binding nature of consensus pricing and/or quotes accompanied by the disclaimer would result in classification as a Level 3 asset, assuming no additional corroborating evidence. Market price observability is affected by a number of factors, including the type of investment and the characteristics specific to the investment. Investments with readily available active quoted prices or for which fair value can be measured from actively quoted prices generally will have a higher degree of market price observability and a lesser degree of judgment used in measuring fair value. Based on the observability of the inputs used in the valuation techniques, the Company is required to provide disclosures on fair value measurements according to the fair value hierarchy. The level in the fair value hierarchy for each fair value measurement has been determined based on the lowest level of input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to each investment. The level assigned to the investment valuations may not be indicative of the risk or liquidity associated with investing in such investments. Because of the inherent uncertainties of valuation, the values reflected in the consolidated financial statements may differ materially from the value that would be received upon an actual sale of such investments. In addition, changes in the market environment and other events that may occur over the life of the investments may cause the gains or losses that the Company ultimately realizes on these investments to materially differ from the valuations currently assigned. A portion of the Company’s investments consist of debt securities that are traded on a private over-the-counter market for institutional investments. CIM attempts to obtain market quotations from at least two brokers or dealers for each investment (if available, otherwise from a principal market maker or a primary market dealer or other independent pricing service). CIM typically uses the average midpoint of the broker bid/ask price to determine fair value unless a different point within the range is more representative. Because of the private nature of this marketplace (meaning actual transactions are not publicly reported) and the non-binding nature of consensus pricing and/or quotes, the Company believes that these valuation inputs result in Level 3 classification within the fair value hierarchy. As these quotes are only indicative of fair value, CIM benchmarks the implied fair value yield and leverage against what has been observed in the market. If the implied fair value yield and leverage fall within the range of CIM's market pricing matrix, the quotes are deemed to be reliable and used to determine the investment's fair value. Notwithstanding the foregoing, if in the reasonable judgment of CIM, the price of any investment held by the Company and determined in the manner described above does not accurately reflect the fair value of such investment, CIM will value such investment at a price that reflects such investment’s fair value and report such change in the valuation to the board of directors or its designee as soon as practicable. Investments that carry certain restrictions on sale will typically be valued at a discount from the public market value of the investment. Any investments that are not publicly traded or for which a market price is not otherwise readily available are valued at a price that reflects its fair value. With respect to such investments, if CIM is unable to obtain market quotations, the investments are reviewed and valued using one or more of the following types of analyses: i. Market comparable statistics and public trading multiples discounted for illiquidity, minority ownership and other factors for companies with similar characteristics. ii. Valuations implied by third-party investments in the applicable portfolio companies. iii. A benchmarking analysis to compare implied fair value and leverage to comparable market investments. iv. Discounted cash flow analysis, including a terminal value or exit multiple. Determination of fair value involves subjective judgments and estimates. Accordingly, these notes to the Company’s consolidated financial statements refer to the uncertainty with respect to the possible effect of such valuations, and any change in such valuations, on the Company’s consolidated financial statements. Below is a description of factors that CIM may consider when valuing the Company’s equity and debt investments where a market price is not readily available: • the size and scope of a portfolio company and its specific strengths and weaknesses; • prevailing interest rates for like securities; • expected volatility in future interest rates; • leverage; • call features, put features, fees and other relevant terms of the debt; • the borrower’s ability to adequately service its debt; • the fair market value of the portfolio company in relation to the face amount of its outstanding debt; • the quality of collateral securing the Company’s debt investments; • multiples of earnings before interest, taxes, depreciation and amortization, or EBITDA, cash flows, net income, revenues or, in some cases, book value or liquidation value; and • other factors deemed applicable. All of these factors may be subject to adjustment based upon the particular circumstances of a portfolio company or the Company’s actual investment position. For example, adjustments to EBITDA may take into account compensation to previous owners, or acquisition, recapitalization, and restructuring expenses or other related or non-recurring items. The choice of analyses and the weight assigned to such factors may vary across investments and may change within an investment if events occur that warrant such a change. When CIM uses the discounted cash flow model to value the Company's investments, such model deemed appropriate by CIM is prepared for the applicable investments and reviewed by designated members of CIM’s management team. Such models are prepared at least quarterly or on an as needed basis. The model uses the estimated cash flow projections for the underlying investments and an appropriate discount rate is determined based on the latest financial information available for the borrower, prevailing market trends, comparable analysis and other inputs. The model, key assumptions, inputs, and results are reviewed by designated members of CIM’s management team with final approval from the board of directors or its designee. Consistent with the Company’s valuation policy, the Company evaluates the source of inputs, including any markets in which the Company’s investments are trading, in determining fair value. The Company periodically benchmarks the broker quotes from the brokers or dealers against the actual prices at which the Company purchases and sells its investments. Based on the results of the benchmark analysis and the experience of the Company’s management in purchasing and selling these investments, the Company believes that these quotes are reliable indicators of fair value. The Company may also use other methods to determine fair value for securities for which it cannot obtain market quotations through brokers or dealers, including the use of an independent valuation firm. Designated members of CIM’s management team and the Company's board of directors or its designee review and approve the valuation determinations made with respect to these investments in a manner consistent with the Company’s valuation process. As a practical expedient, the Company uses net asset value, or NAV, as the fair value for its equity investment in CION/EagleTree. CION/EagleTree records its underlying investments at fair value on a quarterly basis in accordance with ASC 820. |
Revenue Recognition | Securities transactions are accounted for on the trade date. The Company records interest and dividend income on an accrual basis beginning on the trade settlement date or the ex-dividend date, respectively, to the extent that the Company expects to collect such amounts. For investments in equity tranches of collateralized loan obligations, the Company records income based on the effective interest rate determined using the amortized cost and estimated cash flows, which is updated periodically. Loan origination fees, original issue discounts, or OID, and market discounts/premiums are recorded and such amounts are amortized as adjustments to interest income over the respective term of the loan using the effective interest rate method. Upon the prepayment of a loan or security, prepayment premiums, any unamortized loan origination fees, OID, or market discounts/premiums are recorded as interest income. The Company may have investments in its investment portfolio that contain a PIK interest provision. PIK interest is accrued as interest income if the portfolio company valuation indicates that such PIK interest is collectible and recorded as interest receivable up to the interest payment date. On the interest payment dates, the Company will capitalize the accrued interest receivable attributable to PIK as additional principal due from the borrower. Additional PIK securities typically have the same terms, including maturity dates and interest rates, as the original securities. In order to maintain RIC status, substantially all of this income must be paid out to shareholders in the form of distributions, even if the Company has not collected any cash. For additional information on investments that contain a PIK interest provision, see the consolidated schedules of investments as of June 30, 2023 and December 31, 2022. Loans and debt securities, including those that are individually identified as being impaired under Accounting Standards Codification 310, Receivables , or ASC 310, are generally placed on non-accrual status immediately if, in the opinion of management, principal or interest is not likely to be paid, or when principal or interest is past due 90 days or more. Interest accrued but not collected at the date a loan or security is placed on non-accrual status is reversed against interest income. Interest income is recognized on non-accrual loans or debt securities only to the extent received in cash. However, where there is doubt regarding the ultimate collectability of principal, cash receipts, whether designated as principal or interest, are thereafter applied to reduce the carrying value of the loan or debt security. Loans or securities are restored to accrual status only when interest and principal payments are brought current and future payments are reasonably assured. Dividend income on preferred equity securities is recorded on an accrual basis to the extent that such amounts are payable by the portfolio company and are expected to be collected. Dividend income on common equity securities is recorded on the record date for private portfolio companies or on the ex-dividend date for publicly-traded portfolio companies. The Company may receive fees for capital structuring services that are fixed based on contractual terms, are normally paid at the closing of the investment, are generally non-recurring and non-refundable and are recognized as revenue when earned upon closing of the investment. The services that CIM provides vary by investment, but generally include reviewing existing credit facilities, arranging bank financing, arranging equity financing, structuring financing from multiple lenders, structuring financing from multiple equity investors, restructuring existing loans, raising equity and debt capital, and providing general financial advice, which concludes upon closing of the investment. In certain instances where the Company is invited to participate as a co-lender in a transaction and does not provide significant services in connection with the investment, a portion of loan fees paid to the Company in such situations will be deferred and amortized over the estimated life of the loan as interest income. Other income includes amendment fees that are fixed based on contractual terms and are generally non-recurring and non-refundable and are recognized as revenue when earned upon closing of the transaction. Other income also includes fees for managerial assistance and other consulting services, loan guarantees, commitments, and other services rendered by the Company to its portfolio companies. Such fees are fixed based on contractual terms and are recognized as fee income when earned. |
Net Realized Gains or Losses and Net Change in Unrealized Appreciation or Depreciation | Gains or losses on the sale of investments are calculated by using the weighted-average method. The Company measures realized gains or losses by the difference between the net proceeds from the sale and the weighted-average amortized cost of the investment, without regard to unrealized appreciation or depreciation previously recognized, but considering unamortized upfront fees. Net change in unrealized appreciation or depreciation reflects the change in portfolio investment values during the reporting period, including any reversal of previously recorded unrealized appreciation or depreciation when gains or losses are realized. |
Net (Decrease) Increase in Net Assets per Share | Net (decrease) increase in net assets per share is calculated based upon the daily weighted average number of shares of common stock outstanding during the reporting period. |
Distributions | Distributions to shareholders are recorded as of the record date. The amount paid as a distribution is declared by the Company's co-chief executive officers and ratified by the board of directors on a quarterly basis. Net realized capital gains, if any, are distributed at least annually. |
Share Transactions (Tables)
Share Transactions (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Equity [Abstract] | |
Schedule of Stockholders Equity | The following table summarizes transactions with respect to shares of the Company’s outstanding common stock during the six months ended June 30, 2023 and 2022 and the year ended December 31, 2022: Six Months Ended Year Ended 2023 2022 2022 Shares Amount Shares Amount Shares Amount Gross shares/proceeds from the offering — $ — — $ — — $ — Reinvestment of distributions — — — — — — Total gross shares/proceeds — — — — — — Share repurchase program (666,657) (6,818) — — (1,658,956) (15,444) Net shares/proceeds from share transactions (666,657) $ (6,818) — $ — (1,658,956) $ (15,444) The following table summarizes the share repurchases completed during the year ended December 31, 2022 and the six months ended June 30, 2023: Three Months Ended Repurchase Date Shares Repurchased Percentage of Shares Tendered That Were Repurchased Repurchase Price Per Share Aggregate Consideration for Repurchased Shares 2022 March 31, 2022 N/A — N/A N/A $ — June 30, 2022 N/A — N/A N/A — September 30, 2022 N/A 695,476 N/A $ 9.65 6,711 December 31, 2022 N/A 963,480 N/A 9.06 8,733 Total for the year ended December 31, 2022 1,658,956 $ 15,444 2023 March 31, 2023 N/A 338,029 N/A $ 10.63 $ 3,592 June 30, 2023 N/A 328,628 N/A 9.81 3,226 Total for the six months ended June 30, 2023 666,657 $ 6,818 |
Transactions with Related Par_2
Transactions with Related Parties (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Related Party Transactions [Abstract] | |
Schedule of Related Party Transactions | For the three and six months ended June 30, 2023 and 2022 and the year ended December 31, 2022, fees and other expenses incurred by the Company related to CIM and its affiliates were as follows: Three Months Ended Six Months Ended Year Ended December 31, Entity Capacity Description 2023 2022 2023 2022 2022 CIM Investment adviser Management fees(1) $ 6,546 $ 6,839 $ 13,222 $ 13,494 $ 27,361 CIM Investment adviser Incentive fees(1) 4,965 4,091 11,300 8,224 18,710 CIM Administrative services provider Administrative services expense(1) 910 781 1,747 1,501 3,348 $ 12,421 $ 11,711 $ 26,269 $ 23,219 $ 49,419 (1) Amounts charged directly to operations. |
Distributions (Tables)
Distributions (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Equity [Abstract] | |
Schedule of Dividends Declared | The following table presents distributions per share that were declared during the year ended December 31, 2022 and the six months ended June 30, 2023: Distributions Three Months Ended Per Share Amount 2022 March 31, 2022 (one record date) $ 0.2800 $ 15,948 June 30, 2022 (one record date) 0.2800 15,949 September 30, 2022 (one record date) 0.3100 17,604 December 31, 2022 (two record dates) 0.5800 32,074 Total distributions for the year ended December 31, 2022 $ 1.4500 $ 81,575 2023 March 31, 2023 (one record date) $ 0.3400 $ 18,687 June 30, 2023 (one record date) 0.3400 18,614 Total distributions for the six months ended June 30, 2023 $ 0.6800 $ 37,301 |
Schedule of Repurchases of Shares | The following table below provides information concerning the Company’s repurchases of shares of its common stock in the open market during the three months ended June 30, 2023 pursuant to the New DRP in order to satisfy the reinvestment portion of the Company’s distributions: Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Number of Shares That May Yet Be Purchased Under the Plans or Programs April 1 to April 30, 2023 — $ — — — May 1 to May 31, 2023 — — — — June 1 to June 30, 2023 174,424 10.71 174,424 (1) Total 174,424 $ 10.71 174,424 (1) (1) See description above. |
Schedule of Common Stock on Distributions | The following table reflects the sources of distributions on a GAAP basis that the Company has declared on its shares of common stock during the six months ended June 30, 2023 and 2022 and the year ended December 31, 2022: Six Months Ended Year Ended 2023 2022 2022 Source of Distribution Per Share Amount Percentage Per Share Amount Percentage Per Share Amount Percentage Net investment income $ 0.6800 $ 37,301 100.0 % $ 0.5600 $ 31,897 100.0 % $ 1.4500 $ 81,575 100.0 % Total distributions $ 0.6800 $ 37,301 100.0 % $ 0.5600 $ 31,897 100.0 % $ 1.4500 $ 81,575 100.0 % |
Schedule of Investment Income, Accumulated Earnings (Loss) | The tax components of accumulated earnings or losses for the current year will be determined at year end. As of December 31, 2022, the components of accumulated losses on a tax basis were as follows: December 31, 2022 Undistributed ordinary income $ 8,543 Other accumulated losses(1) (77,942) Net unrealized depreciation on investments (91,091) Total accumulated losses $ (160,490) (1) Includes short term capital loss carryforwards of $7,233 and long term capital loss carryforwards of $66,284. |
Investments (Tables)
Investments (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Investments, Debt and Equity Securities [Abstract] | |
Schedule of Investments | The composition of the Company’s investment portfolio as of June 30, 2023 and December 31, 2022 at amortized cost and fair value was as follows: June 30, 2023 December 31, 2022 Cost(1) Fair Percentage of Cost(1) Fair Percentage of Senior secured first lien debt $ 1,546,799 $ 1,468,630 87.0 % $ 1,638,995 $ 1,579,512 90.3 % Senior secured second lien debt 41,153 39,544 2.3 % 41,036 38,769 2.2 % Collateralized securities and structured products - equity 2,510 1,046 0.1 % 2,687 1,179 0.1 % Unsecured debt 34,635 17,301 1.0 % 30,427 22,643 1.3 % Equity 139,145 161,170 9.6 % 79,595 107,058 6.1 % Subtotal/total percentage 1,764,242 1,687,691 100.0 % 1,792,740 1,749,161 100.0 % Short term investments(2) 100,771 100,771 10,869 10,869 Total investments $ 1,865,013 $ 1,788,462 $ 1,803,609 $ 1,760,030 (1) Cost represents the original cost adjusted for the amortization of premiums and/or accretion of discounts, as applicable, for debt investments and cost for equity investments. (2) Short term investments represent an investment in a fund that invests in highly liquid investments with average original maturity dates of three months or less. The following tables show the composition of the Company’s investment portfolio by industry classification and geographic dispersion, and the percentage, by fair value, of the total investment portfolio assets in such industries and geographies as of June 30, 2023 and December 31, 2022: June 30, 2023 December 31, 2022 Industry Classification Investments at Percentage of Investments at Percentage of Services: Business $ 302,710 18.0 % $ 336,055 19.2 % Healthcare & Pharmaceuticals 236,791 14.0 % 237,082 13.6 % Media: Diversified & Production 122,742 7.3 % 134,927 7.7 % Media: Advertising, Printing & Publishing 110,139 6.5 % 105,375 6.0 % Services: Consumer 105,328 6.3 % 115,849 6.6 % Diversified Financials 81,052 4.8 % 99,819 5.7 % Construction & Building 71,133 4.2 % 46,007 2.6 % Chemicals, Plastics & Rubber 67,947 4.0 % 66,753 3.8 % Energy: Oil & Gas 66,248 3.9 % 68,756 3.9 % Retail 63,042 3.8 % 74,718 4.3 % Consumer Goods: Durable 61,172 3.6 % 60,735 3.5 % Hotel, Gaming & Leisure 60,211 3.6 % 46,739 2.7 % High Tech Industries 52,664 3.1 % 56,501 3.2 % Beverage, Food & Tobacco 51,337 3.0 % 45,396 2.6 % Capital Equipment 46,606 2.8 % 41,580 2.4 % Consumer Goods: Non-Durable 43,003 2.5 % 47,886 2.8 % Banking, Finance, Insurance & Real Estate 36,139 2.1 % 43,836 2.5 % Containers, Packaging & Glass 19,453 1.2 % 19,551 1.1 % Telecommunications 18,315 1.1 % 18,302 1.1 % Automotive 16,231 1.0 % 16,255 0.9 % Metals & Mining 15,781 0.9 % 15,780 0.9 % Environmental Industries 14,722 0.9 % — — Aerospace & Defense 12,627 0.7 % 38,842 2.2 % Transportation: Cargo 12,298 0.7 % 12,417 0.7 % Subtotal/total percentage 1,687,691 100.0 % 1,749,161 100.0 % Short term investments 100,771 10,869 Total investments $ 1,788,462 $ 1,760,030 June 30, 2023 December 31, 2022 Geographic Dispersion(1) Investments at Percentage of Investments at Percentage of United States $ 1,675,076 99.3 % $ 1,739,866 99.5 % Canada 10,682 0.5 % 7,452 0.4 % Cayman Islands 1,046 0.1 % 1,179 0.1 % Bermuda 887 0.1 % 664 — Subtotal/total percentage 1,687,691 100.0 % 1,749,161 100.0 % Short term investments 100,771 10,869 Total investments $ 1,788,462 $ 1,760,030 (1) The geographic dispersion is determined by the portfolio company's country of domicile. The following table sets forth the individual investments in CION/EagleTree's portfolio as of June 30, 2023: Portfolio Company Interest(a) Maturity Industry Principal/ Cost(b) Fair Senior Secured First Lien Debt Berlitz Holdings, Inc.(g) S+900, 1.00% SOFR Floor 2/14/2025 Services: Business $ 1,200 $ 1,141 $ 1,167 Community Tree Service, LLC(h) S+1100, 1.00% SOFR Floor 6/17/2027 Construction & Building 460 460 452 Future Pak, LLC(g) S+1000, 2.00% SOFR Floor 7/2/2024 Healthcare & Pharmaceuticals 1,162 1,155 1,162 Total Senior Secured First Lien Debt 2,756 2,781 Senior Secured Second Lien Debt Access CIG, LLC(f) L+775, 0.00% LIBOR Floor 2/27/2026 Services: Business 7,250 7,225 7,105 MedPlast Holdings, Inc.(e) L+775, 0.00% LIBOR Floor 7/2/2026 Healthcare & Pharmaceuticals 6,750 6,206 6,539 Total Senior Secured Second Lien Debt 13,431 13,644 Collateralized Securities and Structured Products - Equity Ivy Hill Middle Market Credit Fund VIII, Ltd. Subordinated Loan(c) 11.84% Estimated Yield 2/2/2026 Diversified Financials 10,000 9,796 9,263 Total Collateralized Securities and Structured Products - Equity 9,796 9,263 Equity American Clinical Solutions LLC, Class A Membership Interests(d) Healthcare & Pharmaceuticals 6,030,384 Units 5,200 5,910 Anthem Sports and Entertainment Inc., Class A Preferred Stock Warrants(d) Media: Diversified & Production 1,469 Units 486 1,553 Anthem Sports and Entertainment Inc., Class B Preferred Stock Warrants(d) Media: Diversified & Production 255 Units — 171 Anthem Sports and Entertainment Inc., Common Stock Warrants(d) Media: Diversified & Production 4,746 Units — 96 BCP Great Lakes II - Series A Holdings LP, Partnership Interests (4.2% ownership) Diversified Financials N/A 13,100 12,672 Carestream Health Holdings, Inc., Common Stock(d) Healthcare & Pharmaceuticals 613,262 Units 21,759 20,716 CHC Medical Partners, Inc., Series C Preferred Stock, 12% Dividend Healthcare & Pharmaceuticals 2,727,273 Units 8,055 9,321 CTS Ultimate Holdings LLC, Class A Preferred Units(d) Construction & Building 3,578,701 Units 1,000 608 Dayton HoldCo, LLC, Membership Units(d) Construction & Building 37,264 Units 8,400 14,537 HDNet Holdco LLC, Preferred Unit Call Option(d) Media: Diversified & Production 1 Unit — 100 HW Ultimate Holdings, LP, Class A Membership Units, 4% Dividend(i) Capital Equipment 2,000,000 Units 2,082 — Language Education Holdings GP LLC, Common Units(d) Services: Business 133,333 Units — — Language Education Holdings LP, Ordinary Common Units(d) Services: Business 133,333 Units 300 495 Skillsoft Corp., Class A Common Stock(d) High Tech Industries 243,425 Units 2,000 302 Spinal USA, Inc. / Precision Medical Inc., Warrants(d) Healthcare & Pharmaceuticals 20,667,324 Units — — Total Equity 62,382 66,481 Short Term Investments First American Treasury Obligations Fund, Class Z Shares 1,443 1,443 Total Short Term Investments 1,443 1,443 TOTAL INVESTMENTS $ 89,808 $ 93,612 a. The actual LIBOR rate for each loan listed may not be the applicable LIBOR rate as of June 30, 2023, as the loan may have been priced or repriced based on a LIBOR rate prior to or subsequent to June 30, 2023. The actual SOFR rate for each loan listed may not be the applicable SOFR rate as of June 30, 2023, as the loan may have been priced or repriced based on a SOFR rate prior to or subsequent to June 30, 2023. b. Represents amortized cost for debt securities and cost for equity investments. c. The CLO subordinated notes are considered equity positions in the CLO vehicles and are not rated. Equity investments are entitled to recurring distributions, which are generally equal to the remaining cash flow of the payments made by the underlying vehicle's securities less contractual payments to debt holders and expenses. The estimated yield indicated is based upon a current projection of the amount and timing of these recurring distributions and the estimated amount of repayment of principal upon termination. Such projections are periodically reviewed and adjusted, and the estimated yield may not ultimately be realized. d. Non-income producing security. e. The interest rate on these loans is subject to 1 month LIBOR, which as of June 30, 2023 was 5.22%. f. The interest rate on these loans is subject to 3 month LIBOR, which as of June 30, 2023 was 5.54% . g. The interest rate on these loans is subject to 1 month SOFR, which as of June 30, 2023 was 5.14%. h. The interest rate on these loans is subject to 3 month SOFR, which as of June 30, 2023 was 5.27%. i. Investment or a portion thereof was on non-accrual status as of June 30, 2023. The following table sets forth the individual investments in CION/EagleTree's portfolio as of December 31, 2022: Portfolio Company Interest(a) Maturity Industry Principal/ Cost(b) Fair Senior Secured First Lien Debt Berlitz Holdings, Inc.(g) S+900, 1.00% SOFR Floor 2/14/2025 Services: Business $ 1,200 $ 1,125 $ 1,146 Community Tree Service, LLC(h) S+850, 1.00% SOFR Floor 6/17/2027 Construction & Building 499 499 489 Future Pak, LLC(e) L+800, 2.00% LIBOR Floor 7/2/2024 Healthcare & Pharmaceuticals 1,395 1,382 1,372 Total Senior Secured First Lien Debt 3,006 3,007 Senior Secured Second Lien Debt Access CIG, LLC(f) L+775, 0.00% LIBOR Floor 2/27/2026 Services: Business 7,250 7,220 6,933 Dayton Superior Corp.(e) L+700, 2.00% LIBOR Floor 12/4/2024 Construction & Building 1,010 1,010 1,007 MedPlast Holdings, Inc.(e) L+775, 0.00% LIBOR Floor 7/2/2026 Healthcare & Pharmaceuticals 6,750 6,135 6,337 Zest Acquisition Corp.(e) L+700, 1.00% LIBOR Floor 3/14/2026 Healthcare & Pharmaceuticals 15,000 14,820 14,175 Total Senior Secured Second Lien Debt 29,185 28,452 Collateralized Securities and Structured Products - Equity Ivy Hill Middle Market Credit Fund VIII, Ltd. Subordinated Loan(c) 11.84% Estimated Yield 2/2/2026 Diversified Financials 10,000 9,874 9,523 Total Collateralized Securities and Structured Products - Equity 9,874 9,523 Equity American Clinical Solutions LLC, Class A Membership Interests(d) Healthcare & Pharmaceuticals 6,030,384 Units 5,200 3,618 Anthem Sports and Entertainment Inc., Class A Preferred Stock Warrants(d) Media: Diversified & Production 1,469 Units 486 1,881 Anthem Sports and Entertainment Inc., Class B Preferred Stock Warrants(d) Media: Diversified & Production 255 Units — 187 Anthem Sports and Entertainment Inc., Common Stock Warrants(d) Media: Diversified & Production 4,746 Units — 580 BCP Great Lakes II - Series A Holdings LP, Partnership Interests (4.2% ownership) Diversified Financials N/A 11,436 11,058 Carestream Health Holdings, Inc., Common Stock(d) Healthcare & Pharmaceuticals 613,262 Units 21,759 21,544 CHC Medical Partners, Inc., Series C Preferred Stock, 12% Dividend Healthcare & Pharmaceuticals 2,727,273 Units 7,891 8,877 CTS Ultimate Holdings LLC, Class A Preferred Units(d) Construction & Building 3,578,701 Units 1,000 859 Dayton HoldCo, LLC, Membership Units(d) Construction & Building 37,264 Units 8,400 15,334 HDNet Holdco LLC, Preferred Unit Call Option(d) Media: Diversified & Production 1 Unit — 185 HW Ultimate Holdings, LP, Class A Membership Units, 4% Dividend Capital Equipment 2,000,000 Units 2,082 130 Language Education Holdings GP LLC, Common Units(d) Services: Business 133,333 Units — — Language Education Holdings LP, Ordinary Common Units(d) Services: Business 133,333 Units 300 427 Skillsoft Corp., Class A Common Stock(d) High Tech Industries 243,425 Units 2,000 316 Spinal USA, Inc. / Precision Medical Inc., Warrants(d) Healthcare & Pharmaceuticals 20,667,324 Units — — Total Equity 60,554 64,996 TOTAL INVESTMENTS $ 102,619 $ 105,978 a. The actual LIBOR rate for each loan listed may not be the applicable LIBOR rate as of December 31, 2022, as the loan may have been priced or repriced based on a LIBOR rate prior to or subsequent to December 31, 2022. The actual SOFR rate for each loan listed may not be the applicable SOFR rate as of December 31, 2022, as the loan may have been priced or repriced based on a SOFR rate prior to or subsequent to December 31, 2022. b. Represents amortized cost for debt securities and cost for equity investments. c. The CLO subordinated notes are considered equity positions in the CLO vehicles and are not rated. Equity investments are entitled to recurring distributions, which are generally equal to the remaining cash flow of the payments made by the underlying vehicle's securities less contractual payments to debt holders and expenses. The estimated yield indicated is based upon a current projection of the amount and timing of these recurring distributions and the estimated amount of repayment of principal upon termination. Such projections are periodically reviewed and adjusted, and the estimated yield may not ultimately be realized. d. Non-income producing security. e. The interest rate on these loans is subject to 1 month LIBOR, which as of December 31, 2022 was 4.39%. f. The interest rate on these loans is subject to 3 month LIBOR, which as of December 31, 2022 was 4.77%. g. The interest rate on these loans is subject to 1 month SOFR, which as of December 31, 2022 was 4.36%. h. The interest rate on these loans is subject to 3 month SOFR, which as of December 31, 2022 was 4.59%. The following table includes selected balance sheet information for CION/EagleTree as of June 30, 2023 and December 31, 2022: Selected Balance Sheet Information: June 30, 2023 December 31, 2022 Investments, at fair value (amortized cost of $89,808 and $102,619, respectively) $ 93,612 $ 105,978 Cash and other assets — 2,476 Dividend receivable on investments 479 225 Interest receivable on investments 284 301 Total assets $ 94,375 $ 108,980 Senior secured notes (net of unamortized debt issuance costs of $82 and $94, respectively) $ 64,420 $ 70,904 Other liabilities 333 1,881 Total liabilities 64,753 72,785 Members' capital 29,622 36,195 Total liabilities and members' capital $ 94,375 $ 108,980 The following table includes selected statement of operations information for CION/EagleTree for the three and six months ended June 30, 2023 and 2022 and for the year ended December 31, 2022: Three Months Ended Six Months Ended Year Ended Selected Statement of Operations Information: 2023 2022 2023 2022 2022 Total revenues $ 1,468 $ 1,839 $ 3,063 $ 3,723 $ 9,653 Total expenses 2,566 2,802 5,258 5,522 11,120 Net realized gain on investments — — 176 — 9,947 Net change in unrealized appreciation (depreciation) on investments 409 (695) 446 (153) (5,839) Net (decrease) increase in net assets $ (689) $ (1,658) $ (1,573) $ (1,952) $ 2,641 |
Joint Ventures (Tables)
Joint Ventures (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Equity Method Investments and Joint Ventures [Abstract] | |
Schedule of Investments | The composition of the Company’s investment portfolio as of June 30, 2023 and December 31, 2022 at amortized cost and fair value was as follows: June 30, 2023 December 31, 2022 Cost(1) Fair Percentage of Cost(1) Fair Percentage of Senior secured first lien debt $ 1,546,799 $ 1,468,630 87.0 % $ 1,638,995 $ 1,579,512 90.3 % Senior secured second lien debt 41,153 39,544 2.3 % 41,036 38,769 2.2 % Collateralized securities and structured products - equity 2,510 1,046 0.1 % 2,687 1,179 0.1 % Unsecured debt 34,635 17,301 1.0 % 30,427 22,643 1.3 % Equity 139,145 161,170 9.6 % 79,595 107,058 6.1 % Subtotal/total percentage 1,764,242 1,687,691 100.0 % 1,792,740 1,749,161 100.0 % Short term investments(2) 100,771 100,771 10,869 10,869 Total investments $ 1,865,013 $ 1,788,462 $ 1,803,609 $ 1,760,030 (1) Cost represents the original cost adjusted for the amortization of premiums and/or accretion of discounts, as applicable, for debt investments and cost for equity investments. (2) Short term investments represent an investment in a fund that invests in highly liquid investments with average original maturity dates of three months or less. The following tables show the composition of the Company’s investment portfolio by industry classification and geographic dispersion, and the percentage, by fair value, of the total investment portfolio assets in such industries and geographies as of June 30, 2023 and December 31, 2022: June 30, 2023 December 31, 2022 Industry Classification Investments at Percentage of Investments at Percentage of Services: Business $ 302,710 18.0 % $ 336,055 19.2 % Healthcare & Pharmaceuticals 236,791 14.0 % 237,082 13.6 % Media: Diversified & Production 122,742 7.3 % 134,927 7.7 % Media: Advertising, Printing & Publishing 110,139 6.5 % 105,375 6.0 % Services: Consumer 105,328 6.3 % 115,849 6.6 % Diversified Financials 81,052 4.8 % 99,819 5.7 % Construction & Building 71,133 4.2 % 46,007 2.6 % Chemicals, Plastics & Rubber 67,947 4.0 % 66,753 3.8 % Energy: Oil & Gas 66,248 3.9 % 68,756 3.9 % Retail 63,042 3.8 % 74,718 4.3 % Consumer Goods: Durable 61,172 3.6 % 60,735 3.5 % Hotel, Gaming & Leisure 60,211 3.6 % 46,739 2.7 % High Tech Industries 52,664 3.1 % 56,501 3.2 % Beverage, Food & Tobacco 51,337 3.0 % 45,396 2.6 % Capital Equipment 46,606 2.8 % 41,580 2.4 % Consumer Goods: Non-Durable 43,003 2.5 % 47,886 2.8 % Banking, Finance, Insurance & Real Estate 36,139 2.1 % 43,836 2.5 % Containers, Packaging & Glass 19,453 1.2 % 19,551 1.1 % Telecommunications 18,315 1.1 % 18,302 1.1 % Automotive 16,231 1.0 % 16,255 0.9 % Metals & Mining 15,781 0.9 % 15,780 0.9 % Environmental Industries 14,722 0.9 % — — Aerospace & Defense 12,627 0.7 % 38,842 2.2 % Transportation: Cargo 12,298 0.7 % 12,417 0.7 % Subtotal/total percentage 1,687,691 100.0 % 1,749,161 100.0 % Short term investments 100,771 10,869 Total investments $ 1,788,462 $ 1,760,030 June 30, 2023 December 31, 2022 Geographic Dispersion(1) Investments at Percentage of Investments at Percentage of United States $ 1,675,076 99.3 % $ 1,739,866 99.5 % Canada 10,682 0.5 % 7,452 0.4 % Cayman Islands 1,046 0.1 % 1,179 0.1 % Bermuda 887 0.1 % 664 — Subtotal/total percentage 1,687,691 100.0 % 1,749,161 100.0 % Short term investments 100,771 10,869 Total investments $ 1,788,462 $ 1,760,030 (1) The geographic dispersion is determined by the portfolio company's country of domicile. The following table sets forth the individual investments in CION/EagleTree's portfolio as of June 30, 2023: Portfolio Company Interest(a) Maturity Industry Principal/ Cost(b) Fair Senior Secured First Lien Debt Berlitz Holdings, Inc.(g) S+900, 1.00% SOFR Floor 2/14/2025 Services: Business $ 1,200 $ 1,141 $ 1,167 Community Tree Service, LLC(h) S+1100, 1.00% SOFR Floor 6/17/2027 Construction & Building 460 460 452 Future Pak, LLC(g) S+1000, 2.00% SOFR Floor 7/2/2024 Healthcare & Pharmaceuticals 1,162 1,155 1,162 Total Senior Secured First Lien Debt 2,756 2,781 Senior Secured Second Lien Debt Access CIG, LLC(f) L+775, 0.00% LIBOR Floor 2/27/2026 Services: Business 7,250 7,225 7,105 MedPlast Holdings, Inc.(e) L+775, 0.00% LIBOR Floor 7/2/2026 Healthcare & Pharmaceuticals 6,750 6,206 6,539 Total Senior Secured Second Lien Debt 13,431 13,644 Collateralized Securities and Structured Products - Equity Ivy Hill Middle Market Credit Fund VIII, Ltd. Subordinated Loan(c) 11.84% Estimated Yield 2/2/2026 Diversified Financials 10,000 9,796 9,263 Total Collateralized Securities and Structured Products - Equity 9,796 9,263 Equity American Clinical Solutions LLC, Class A Membership Interests(d) Healthcare & Pharmaceuticals 6,030,384 Units 5,200 5,910 Anthem Sports and Entertainment Inc., Class A Preferred Stock Warrants(d) Media: Diversified & Production 1,469 Units 486 1,553 Anthem Sports and Entertainment Inc., Class B Preferred Stock Warrants(d) Media: Diversified & Production 255 Units — 171 Anthem Sports and Entertainment Inc., Common Stock Warrants(d) Media: Diversified & Production 4,746 Units — 96 BCP Great Lakes II - Series A Holdings LP, Partnership Interests (4.2% ownership) Diversified Financials N/A 13,100 12,672 Carestream Health Holdings, Inc., Common Stock(d) Healthcare & Pharmaceuticals 613,262 Units 21,759 20,716 CHC Medical Partners, Inc., Series C Preferred Stock, 12% Dividend Healthcare & Pharmaceuticals 2,727,273 Units 8,055 9,321 CTS Ultimate Holdings LLC, Class A Preferred Units(d) Construction & Building 3,578,701 Units 1,000 608 Dayton HoldCo, LLC, Membership Units(d) Construction & Building 37,264 Units 8,400 14,537 HDNet Holdco LLC, Preferred Unit Call Option(d) Media: Diversified & Production 1 Unit — 100 HW Ultimate Holdings, LP, Class A Membership Units, 4% Dividend(i) Capital Equipment 2,000,000 Units 2,082 — Language Education Holdings GP LLC, Common Units(d) Services: Business 133,333 Units — — Language Education Holdings LP, Ordinary Common Units(d) Services: Business 133,333 Units 300 495 Skillsoft Corp., Class A Common Stock(d) High Tech Industries 243,425 Units 2,000 302 Spinal USA, Inc. / Precision Medical Inc., Warrants(d) Healthcare & Pharmaceuticals 20,667,324 Units — — Total Equity 62,382 66,481 Short Term Investments First American Treasury Obligations Fund, Class Z Shares 1,443 1,443 Total Short Term Investments 1,443 1,443 TOTAL INVESTMENTS $ 89,808 $ 93,612 a. The actual LIBOR rate for each loan listed may not be the applicable LIBOR rate as of June 30, 2023, as the loan may have been priced or repriced based on a LIBOR rate prior to or subsequent to June 30, 2023. The actual SOFR rate for each loan listed may not be the applicable SOFR rate as of June 30, 2023, as the loan may have been priced or repriced based on a SOFR rate prior to or subsequent to June 30, 2023. b. Represents amortized cost for debt securities and cost for equity investments. c. The CLO subordinated notes are considered equity positions in the CLO vehicles and are not rated. Equity investments are entitled to recurring distributions, which are generally equal to the remaining cash flow of the payments made by the underlying vehicle's securities less contractual payments to debt holders and expenses. The estimated yield indicated is based upon a current projection of the amount and timing of these recurring distributions and the estimated amount of repayment of principal upon termination. Such projections are periodically reviewed and adjusted, and the estimated yield may not ultimately be realized. d. Non-income producing security. e. The interest rate on these loans is subject to 1 month LIBOR, which as of June 30, 2023 was 5.22%. f. The interest rate on these loans is subject to 3 month LIBOR, which as of June 30, 2023 was 5.54% . g. The interest rate on these loans is subject to 1 month SOFR, which as of June 30, 2023 was 5.14%. h. The interest rate on these loans is subject to 3 month SOFR, which as of June 30, 2023 was 5.27%. i. Investment or a portion thereof was on non-accrual status as of June 30, 2023. The following table sets forth the individual investments in CION/EagleTree's portfolio as of December 31, 2022: Portfolio Company Interest(a) Maturity Industry Principal/ Cost(b) Fair Senior Secured First Lien Debt Berlitz Holdings, Inc.(g) S+900, 1.00% SOFR Floor 2/14/2025 Services: Business $ 1,200 $ 1,125 $ 1,146 Community Tree Service, LLC(h) S+850, 1.00% SOFR Floor 6/17/2027 Construction & Building 499 499 489 Future Pak, LLC(e) L+800, 2.00% LIBOR Floor 7/2/2024 Healthcare & Pharmaceuticals 1,395 1,382 1,372 Total Senior Secured First Lien Debt 3,006 3,007 Senior Secured Second Lien Debt Access CIG, LLC(f) L+775, 0.00% LIBOR Floor 2/27/2026 Services: Business 7,250 7,220 6,933 Dayton Superior Corp.(e) L+700, 2.00% LIBOR Floor 12/4/2024 Construction & Building 1,010 1,010 1,007 MedPlast Holdings, Inc.(e) L+775, 0.00% LIBOR Floor 7/2/2026 Healthcare & Pharmaceuticals 6,750 6,135 6,337 Zest Acquisition Corp.(e) L+700, 1.00% LIBOR Floor 3/14/2026 Healthcare & Pharmaceuticals 15,000 14,820 14,175 Total Senior Secured Second Lien Debt 29,185 28,452 Collateralized Securities and Structured Products - Equity Ivy Hill Middle Market Credit Fund VIII, Ltd. Subordinated Loan(c) 11.84% Estimated Yield 2/2/2026 Diversified Financials 10,000 9,874 9,523 Total Collateralized Securities and Structured Products - Equity 9,874 9,523 Equity American Clinical Solutions LLC, Class A Membership Interests(d) Healthcare & Pharmaceuticals 6,030,384 Units 5,200 3,618 Anthem Sports and Entertainment Inc., Class A Preferred Stock Warrants(d) Media: Diversified & Production 1,469 Units 486 1,881 Anthem Sports and Entertainment Inc., Class B Preferred Stock Warrants(d) Media: Diversified & Production 255 Units — 187 Anthem Sports and Entertainment Inc., Common Stock Warrants(d) Media: Diversified & Production 4,746 Units — 580 BCP Great Lakes II - Series A Holdings LP, Partnership Interests (4.2% ownership) Diversified Financials N/A 11,436 11,058 Carestream Health Holdings, Inc., Common Stock(d) Healthcare & Pharmaceuticals 613,262 Units 21,759 21,544 CHC Medical Partners, Inc., Series C Preferred Stock, 12% Dividend Healthcare & Pharmaceuticals 2,727,273 Units 7,891 8,877 CTS Ultimate Holdings LLC, Class A Preferred Units(d) Construction & Building 3,578,701 Units 1,000 859 Dayton HoldCo, LLC, Membership Units(d) Construction & Building 37,264 Units 8,400 15,334 HDNet Holdco LLC, Preferred Unit Call Option(d) Media: Diversified & Production 1 Unit — 185 HW Ultimate Holdings, LP, Class A Membership Units, 4% Dividend Capital Equipment 2,000,000 Units 2,082 130 Language Education Holdings GP LLC, Common Units(d) Services: Business 133,333 Units — — Language Education Holdings LP, Ordinary Common Units(d) Services: Business 133,333 Units 300 427 Skillsoft Corp., Class A Common Stock(d) High Tech Industries 243,425 Units 2,000 316 Spinal USA, Inc. / Precision Medical Inc., Warrants(d) Healthcare & Pharmaceuticals 20,667,324 Units — — Total Equity 60,554 64,996 TOTAL INVESTMENTS $ 102,619 $ 105,978 a. The actual LIBOR rate for each loan listed may not be the applicable LIBOR rate as of December 31, 2022, as the loan may have been priced or repriced based on a LIBOR rate prior to or subsequent to December 31, 2022. The actual SOFR rate for each loan listed may not be the applicable SOFR rate as of December 31, 2022, as the loan may have been priced or repriced based on a SOFR rate prior to or subsequent to December 31, 2022. b. Represents amortized cost for debt securities and cost for equity investments. c. The CLO subordinated notes are considered equity positions in the CLO vehicles and are not rated. Equity investments are entitled to recurring distributions, which are generally equal to the remaining cash flow of the payments made by the underlying vehicle's securities less contractual payments to debt holders and expenses. The estimated yield indicated is based upon a current projection of the amount and timing of these recurring distributions and the estimated amount of repayment of principal upon termination. Such projections are periodically reviewed and adjusted, and the estimated yield may not ultimately be realized. d. Non-income producing security. e. The interest rate on these loans is subject to 1 month LIBOR, which as of December 31, 2022 was 4.39%. f. The interest rate on these loans is subject to 3 month LIBOR, which as of December 31, 2022 was 4.77%. g. The interest rate on these loans is subject to 1 month SOFR, which as of December 31, 2022 was 4.36%. h. The interest rate on these loans is subject to 3 month SOFR, which as of December 31, 2022 was 4.59%. The following table includes selected balance sheet information for CION/EagleTree as of June 30, 2023 and December 31, 2022: Selected Balance Sheet Information: June 30, 2023 December 31, 2022 Investments, at fair value (amortized cost of $89,808 and $102,619, respectively) $ 93,612 $ 105,978 Cash and other assets — 2,476 Dividend receivable on investments 479 225 Interest receivable on investments 284 301 Total assets $ 94,375 $ 108,980 Senior secured notes (net of unamortized debt issuance costs of $82 and $94, respectively) $ 64,420 $ 70,904 Other liabilities 333 1,881 Total liabilities 64,753 72,785 Members' capital 29,622 36,195 Total liabilities and members' capital $ 94,375 $ 108,980 The following table includes selected statement of operations information for CION/EagleTree for the three and six months ended June 30, 2023 and 2022 and for the year ended December 31, 2022: Three Months Ended Six Months Ended Year Ended Selected Statement of Operations Information: 2023 2022 2023 2022 2022 Total revenues $ 1,468 $ 1,839 $ 3,063 $ 3,723 $ 9,653 Total expenses 2,566 2,802 5,258 5,522 11,120 Net realized gain on investments — — 176 — 9,947 Net change in unrealized appreciation (depreciation) on investments 409 (695) 446 (153) (5,839) Net (decrease) increase in net assets $ (689) $ (1,658) $ (1,573) $ (1,952) $ 2,641 |
Financing Arrangements (Tables)
Financing Arrangements (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Debt Disclosure [Abstract] | |
Schedule of Debt | The following table presents summary information with respect to the Company’s outstanding financing arrangements as of June 30, 2023: Financing Arrangement Type of Financing Arrangement Rate Amount Outstanding Amount Available Maturity Date JPM Credit Facility Term Loan Credit Facility SOFR+3.20% $ 600,000 $ 75,000 May 15, 2025 2026 Notes(1) Note Purchase Agreement 4.50% 125,000 — February 11, 2026 UBS Facility Repurchase Agreement SOFR+3.525% 100,000 50,000 November 19, 2024 Series A Notes Israel Public Bond Offering SOFR+3.82% 80,712 — August 31, 2026 2022 More Term Loan Term Loan Facility Agreement SOFR+3.50% 50,000 — April 27, 2027 2021 More Term Loan(2) Term Loan Facility Agreement 5.20% 30,000 — September 30, 2024 $ 985,712 $ 125,000 (1) As of June 30, 2023, the fair value of the 2026 Notes was $122,500, which was based on a yield analysis and discount rate commensurate with the market yields for similar types of debt. The fair value of these debt obligations would be categorized as Level 3 under ASC 820 as of June 30, 2023. (2) As of June 30, 2023, the fair value of the 2021 More Term Loan was $29,513, which was based on a yield analysis and discount rate commensurate with the market yields for similar types of debt. The fair value of these debt obligations would be categorized as Level 3 under ASC 820 as of June 30, 2023. For the three and six months ended June 30, 2023 and 2022 and the year ended December 31, 2022, the components of interest expense, average borrowings, and weighted average interest rate for the JPM Second Amendment and the Third Amended JPM Credit Facility were as follows: Three Months Ended June 30, Six Months Ended June 30, Year Ended December 31, 2023 2022 2023 2022 2022 Stated interest expense $ 12,385 $ 6,056 $ 24,375 $ 10,763 $ 29,254 Amortization of deferred financing costs 532 571 1,096 1,061 2,214 Non-usage fee 189 193 360 263 617 Total interest expense $ 13,106 $ 6,820 $ 25,831 $ 12,087 $ 32,085 Weighted average interest rate(1) 8.30 % 4.12 % 8.16 % 3.81 % 4.99 % Average borrowings $ 600,000 $ 598,571 $ 603,315 $ 575,083 $ 590,603 (1) Includes the stated interest expense and non-usage fee on the unused portion of the JPM Second Amendment and the Third Amended JPM Credit Facility and is annualized for periods covering less than one year. For the three and six months ended June 30, 2023 and 2022 and for the year ended December 31, 2022, the components of interest expense, average borrowings, and weighted average interest rate for the 2026 Notes were as follows: Three Months Ended Six Months Ended Year Ended December 31, 2023 2022 2023 2022 Stated interest expense $ 1,406 $ 1,422 $ 2,812 $ 2,828 $ 5,600 Amortization of deferred financing costs 133 133 264 264 533 Total interest expense $ 1,539 $ 1,555 $ 3,076 $ 3,092 $ 6,133 Weighted average interest rate(1) 4.50 % 4.50 % 4.50 % 4.50 % 4.50 % Average borrowings $ 125,000 $ 125,000 $ 125,000 $ 125,000 $ 125,000 (1) Includes the stated interest expense on the 2026 Notes and is annualized for periods covering less than one year. For the three and six months ended June 30, 2023 and 2022 and the year ended December 31, 2022, the components of interest expense, average borrowings, and weighted average interest rate for the Amended UBS Facility were as follows: Three Months Ended June 30, Six Months Ended June 30, Year Ended December 31, 2023 2022 2023 2022 2022 Stated interest expense $ 2,162 $ 1,533 $ 4,966 $ 2,680 $ 7,273 Non-usage fee 89 21 112 68 96 Total interest expense $ 2,251 $ 1,554 $ 5,078 $ 2,748 $ 7,369 Weighted average interest rate(1) 8.62 % 4.42 % 8.39 % 4.14 % 5.29 % Average borrowings $ 103,297 $ 139,038 $ 120,373 $ 132,058 $ 137,322 (1) Includes the stated interest expense and non-usage fee on the unused portion of the Amended UBS Facility and is annualized for periods covering less than one year. For the three months ended June 30, 2023 and the period from February 28, 2023 through June 30, 2023, the components of interest expense, average borrowings, and weighted average interest rate for the Series A Notes were as follows: Three Months Ended June 30, 2023 For the Period From February 28, 2023 Through June 30, 2023 Stated interest expense $ 1,781 $ 2,399 Amortization of deferred financing costs 212 290 Total interest expense $ 1,993 $ 2,689 Weighted average interest rate(1) 8.73 % 8.73 % Average borrowings $ 80,712 $ 80,712 (1) Includes the stated interest expense on the Series A Notes and is annualized for periods covering less than one year. For the three and six months ended June 30, 2023, for the period from April 27, 2022 through June 30, 2022 and for the period from April 27, 2022 through December 31, 2022 , the components of interest expense, average borrowings, and weighted average interest rate for the 2022 More Term Loan were as follows: Three Months Ended June 30, 2023 Six Months Ended June 30, 2023 For the Period From April 27, 2022 Through June 30, 2022 For the Period From April 27, 2022 Through December 31, 2022 Stated interest expense $ 1,061 $ 2,073 $ 410 $ 2,027 Amortization of deferred financing costs 51 102 36 140 Total interest expense $ 1,112 $ 2,175 $ 446 $ 2,167 Weighted average interest rate(1) 8.40 % 8.25 % 4.54 % 5.86 % Average borrowings $ 50,000 $ 50,000 $ 50,000 $ 50,000 (1) Includes the stated interest expense on the 2022 More Term Loan and is annualized for periods covering less than one year. For the three and six months ended June 30, 2023 and 2022 and the year ended December 31, 2022, the components of interest expense, average borrowings, and weighted average interest rate for the 2021 More Term Loan were as follows: Three Months Ended June 30, Six Months Ended June 30, Year Ended December 31, 2023 2022 2023 2022 Stated interest expense $ 394 $ 394 $ 784 $ 784 $ 1,582 Amortization of deferred financing costs 72 72 143 143 288 Total interest expense $ 466 $ 466 $ 927 $ 927 $ 1,870 Weighted average interest rate(1) 5.20 % 5.20 % 5.20 % 5.20 % 5.20 % Average borrowings $ 30,000 $ 30,000 $ 30,000 $ 30,000 $ 30,000 (1) Includes the stated interest expense on the 2021 More Term Loan and is annualized for periods covering less than one year. |
Fair Value of Financial Instr_2
Fair Value of Financial Instruments (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Fair Value Disclosures [Abstract] | |
Schedule of Portfolio Investments by Level in the Fair Value Hierarchy | The following table presents fair value measurements of the Company’s portfolio investments as of June 30, 2023 and December 31, 2022, according to the fair value hierarchy: June 30, 2023(1) December 31, 2022(2) Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Senior secured first lien debt $ — $ — $ 1,468,630 $ 1,468,630 $ — $ — $ 1,579,512 $ 1,579,512 Senior secured second lien debt — — 39,544 39,544 — — 38,769 38,769 Collateralized securities and structured products - equity — — 1,046 1,046 — — 1,179 1,179 Unsecured debt — — 17,301 17,301 — — 22,643 22,643 Equity 2,266 — 133,725 135,991 2,341 — 73,951 76,292 Short term investments 100,771 — — 100,771 10,869 — — 10,869 Total Investments $ 103,037 $ — $ 1,660,246 $ 1,763,283 $ 13,210 $ — $ 1,716,054 $ 1,729,264 (1) Excludes the Company's $25,179 investment in CION/EagleTree, which is measured at NAV. (2) Excludes the Company's $30,766 investment in CION/EagleTree, which is measured at NAV. |
Schedule of Changes in Level 3 Portfolio Investments | The following tables provide a reconciliation of the beginning and ending balances for investments that use Level 3 inputs for the three and six months ended June 30, 2023 and 2022: Three Months Ended Senior Secured First Lien Debt Senior Secured Second Lien Debt Collateralized Securities and Structured Products - Equity Unsecured Debt Equity Total Beginning balance, March 31, 2023 $ 1,472,453 $ 38,997 $ 1,133 $ 15,517 $ 100,958 $ 1,629,058 Investments purchased(2)(3) 77,961 — — 4,200 29,396 111,557 Net realized loss (13,163) — — — (5,765) (18,928) Net change in unrealized appreciation (depreciation) 16,708 496 9 (2,420) 9,136 23,929 Accretion of discount 2,541 56 — 4 — 2,601 Sales and principal repayments(3) (87,870) (5) (96) — — (87,971) Ending balance, June 30, 2023 $ 1,468,630 $ 39,544 $ 1,046 $ 17,301 $ 133,725 $ 1,660,246 Change in net unrealized appreciation (depreciation) on investments still held as of June 30, 2023(1) $ 5,280 $ 496 $ 9 $ (2,420) $ 3,367 $ 6,732 (1) Included in net change in unrealized appreciation (depreciation) on investments in the consolidated statements of operations. (2) Investments purchased includes PIK interest. (3) Includes non-cash restructured securities. Six Months Ended Senior Secured First Lien Debt Senior Secured Second Lien Debt Collateralized Securities and Structured Products - Equity Unsecured Debt Equity Total Beginning balance, December 31, 2022 $ 1,579,512 $ 38,769 $ 1,179 $ 22,643 $ 73,951 $ 1,716,054 Investments purchased(2)(3) 118,713 — — 4,200 65,329 188,242 Net realized loss (17,674) — — (5,779) (23,453) Net change in unrealized (depreciation) appreciation (18,686) 659 44 (9,550) 224 (27,309) Accretion of discount 6,810 125 — 8 — 6,943 Sales and principal repayments(3) (200,045) (9) (177) — — (200,231) Ending balance, June 30, 2023 $ 1,468,630 $ 39,544 $ 1,046 $ 17,301 $ 133,725 $ 1,660,246 Change in net unrealized (depreciation) appreciation on investments still held as of June 30, 2023(1) $ (22,169) $ 659 $ 44 $ (9,550) $ (15) $ (31,031) (1) Included in net change in unrealized appreciation (depreciation) on investments in the consolidated statements of operations. (2) Investments purchased includes PIK interest. (3) Includes non-cash restructured securities. Three Months Ended Senior Secured First Lien Debt Senior Secured Second Lien Debt Collateralized Securities and Structured Products - Equity Unsecured Debt Equity Total Beginning balance, March 31, 2022 $ 1,597,364 $ 36,875 $ 2,632 $ 27,280 $ 42,405 $ 1,706,556 Investments purchased(2) 175,707 1,836 — 650 1,008 179,201 Net realized (loss) gain (34) 10 — — 204 180 Net change in unrealized (depreciation) appreciation (21,144) 3,021 (176) 61 (229) (18,467) Accretion of discount 2,131 344 — 3 — 2,478 Sales and principal repayments (93,196) (15,000) (854) — (503) (109,553) Ending balance, June 30, 2022 $ 1,660,828 $ 27,086 $ 1,602 $ 27,994 $ 42,885 $ 1,760,395 Change in net unrealized (depreciation) appreciation on investments still held as of June 30, 2022(1) $ (21,519) $ 525 $ (176) $ 61 $ (229) $ (21,338) (1) Included in net change in unrealized appreciation (depreciation) on investments in the consolidated statements of operations. (2) Investments purchased includes PIK interest. Six Months Ended Senior Secured First Lien Debt Senior Secured Second Lien Debt Collateralized Securities and Structured Products - Equity Unsecured Debt Equity Total Beginning balance, December 31, 2021 $ 1,526,989 $ 38,583 $ 2,998 $ 26,616 $ 37,736 $ 1,632,922 Investments purchased(2) 317,499 1,836 — 1,273 2,133 322,741 Net realized (loss) gain (107) 14 — — 204 111 Net change in unrealized (depreciation) appreciation (34,050) 1,221 (352) 98 3,315 (29,768) Accretion of discount 4,535 432 — 7 — 4,974 Sales and principal repayments (154,038) (15,000) (1,044) — (503) (170,585) Ending balance, June 30, 2022 $ 1,660,828 $ 27,086 $ 1,602 $ 27,994 $ 42,885 $ 1,760,395 Change in net unrealized (depreciation) appreciation on investments still held as of June 30, 2022(1) $ (34,992) $ 873 $ (352) $ 98 $ 3,315 $ (31,058) (1) Included in net change in unrealized appreciation (depreciation) on investments in the consolidated statements of operations. (2) Investments purchased includes PIK interest. |
Schedule of Fair Value Measurement Inputs and Valuation Techniques | The valuation techniques and significant unobservable inputs used in recurring Level 3 fair value measurements of investments as of June 30, 2023 and December 31, 2022 were as follows: June 30, 2023 Fair Value Valuation Techniques/ Unobservable Range Weighted Average(1) Senior secured first lien debt $ 1,281,080 Discounted Cash Flow Discount Rates 7.5% — 40.0% 13.8% 110,747 Broker Quotes Broker Quotes N/A N/A 53,487 Market Comparable Approach Revenue Multiple 0.17x — 1.55x 1.00x 19,036 EBITDA Multiple 4.00x — 9.75x 6.15x 3,794 $ per kW $129.77 N/A 486 Other(2) Other(2) N/A N/A Senior secured second lien debt 39,544 Discounted Cash Flow Discount Rates 13.5% — 20.5% 16.8% Collateralized securities and structured products - equity 1,046 Discounted Cash Flow Discount Rates 21.0% N/A Unsecured debt 9,888 Contingent Claims Analysis Expected Volatility 110.0% N/A 7,413 Discounted Cash Flow Discount Rates 16.5% N/A Equity 80,099 Market Comparable Approach EBITDA Multiple 4.75x — 14.75x 9.74x 21,680 $ per kW $400 N/A 31,204 Revenue Multiple 0.13x — 6.00x 1.05x 742 Broker Quotes Broker Quotes N/A N/A Total $ 1,660,246 (1) Weighted average amounts are based on the estimated fair values. (2) Fair value is based on the expected outcome of proposed corporate transactions and/or other factors. December 31, 2022 Fair Value Valuation Techniques/ Unobservable Range Weighted Average(1) Senior secured first lien debt $ 1,471,816 Discounted Cash Flow Discount Rates 6.5% — 34.0% 14.7% 79,035 Broker Quotes Broker Quotes N/A N/A 20,050 Market Comparable Approach Revenue Multiple 0.25x — 1.70x 1.19x 4,527 $ per kW $131.85 N/A 3,552 EBITDA Multiple 2.75x — 4.25x 4.09x 532 Other(2) Other(2) N/A N/A Senior secured second lien debt 38,769 Discounted Cash Flow Discount Rates 14.3% — 21.5% 17.2% Collateralized securities and structured products - equity 1,179 Discounted Cash Flow Discount Rates 21.0% N/A Unsecured debt 15,316 Market Comparable Approach EBITDA Multiple 9.25x N/A 7,327 Discounted Cash Flow Discount Rates 17.7% N/A Equity 33,441 Market Comparable Approach EBITDA Multiple 2.75x — 14.55x 7.02x 23,995 $ per kW $412.5 N/A 13,038 Revenue Multiple 0.13x — 5.75x 2.93x 2,238 Discounted Cash Flow Discount Rates 16.8% N/A 1,234 Broker Quotes Broker Quotes N/A N/A 5 Options Pricing Model Expected Volatility 80.0% — 90.0% 87.3% Total $ 1,716,054 (1) Weighted average amounts are based on the estimated fair values. (2) Fair value is based on the expected outcome of proposed corporate transactions and/or other factors. |
General and Administrative Ex_2
General and Administrative Expense (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
General and Administrative Expense [Abstract] | |
Schedule of General And Administrative Expense | General and administrative expense consisted of the following items for the three and six months ended June 30, 2023 and 2022 and the year ended December 31, 2022: Three Months Ended June 30, Six Months Ended June 30, Year Ended December 31, 2023 2022 2023 2022 2022 Professional fees $ 645 $ 519 $ 1,171 $ 1,152 $ 1,778 Transfer agent expense 279 303 547 594 1,124 Dues and subscriptions 44 80 473 615 791 Valuation expense 252 212 425 391 821 Director fees and expenses 179 161 348 315 632 Insurance expense 169 254 336 505 833 Accounting and administrative costs 158 145 324 302 524 Printing and marketing expense 269 28 274 33 708 Other expenses 79 10 131 27 67 Total general and administrative expense $ 2,074 $ 1,712 $ 4,029 $ 3,934 $ 7,278 |
Commitments and Contingencies (
Commitments and Contingencies (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Commitments and Contingencies Disclosure [Abstract] | |
Schedule of Other Commitments | As of June 30, 2023 and December 31, 2022, the Company’s unfunded commitments were as follows: Unfunded Commitments June 30, 2023(1) December 31, 2022(1) Cennox, Inc. $ 7,193 $ 7,567 Flatworld Intermediate Corp. 5,865 5,865 Critical Nurse Staffing, LLC 5,439 5,599 Thrill Holdings LLC 5,000 3,261 Instant Web, LLC 3,574 5,628 American Health Staffing Group, Inc. 3,333 3,333 Mimeo.com, Inc. 2,500 3,000 Rogers Mechanical Contractors, LLC 2,404 3,365 Moss Holding Company 2,232 2,232 HW Acquisition, LLC 2,200 2,200 MacNeill Pride Group Corp. 2,017 2,017 Archer Systems, LLC 1,905 1,905 Bradshaw International Parent Corp. 1,844 1,844 Dermcare Management, LLC 1,683 1,862 Coyote Buyer, LLC 1,500 2,500 Sleep Opco, LLC 1,200 1,750 NWN Parent Holdings LLC 1,200 90 RA Outdoors, LLC 1,049 1,049 BDS Solutions Intermediateco, LLC 1,046 1,998 OpCo Borrower, LLC 1,042 833 Service Compression, LLC 907 4,186 Invincible Boat Company LLC 319 559 Ironhorse Purchaser, LLC 299 2,469 American Teleconferencing Services, Ltd. 235 235 H.W. Lochner, Inc. 225 225 Anthem Sports & Entertainment Inc. 167 167 Homer City Holdings LLC — 3,000 RumbleOn, Inc. — 1,775 WorkGenius, Inc. — 750 STATinMED, LLC — 156 Total $ 56,378 $ 71,420 (1) Unless otherwise noted, the funding criteria for these unfunded commitments had not been met at the date indicated. |
Fee Income (Tables)
Fee Income (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Fee Income [Abstract] | |
Schedule of Fee Income | The following table summarizes the Company’s fee income for the three and six months ended June 30, 2023 and 2022 and the year ended December 31, 2022: Three Months Ended Six Months Ended Year Ended 2023 2022 2023 2022 2022 Amendment fees $ 622 $ 575 $ 3,346 $ 970 $ 2,633 Capital structuring and other fees 532 1,992 532 3,014 4,446 Conversion fees 477 — 477 — 2,365 Commitment fees — — 309 — — Administrative agent fees — — 30 25 100 Total $ 1,631 $ 2,567 $ 4,694 $ 4,009 $ 9,544 |
Financial Highlights (Tables)
Financial Highlights (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Investment Company [Abstract] | |
Schedule of Financial Highlights | The following is a schedule of financial highlights as of and for the six months ended June 30, 2023 and 2022 and the year ended December 31, 2022: Six Months Ended Year Ended 2023 2022 2022 Per share data:(1) Net asset value at beginning of period $ 15.98 $ 16.34 $ 16.34 Results of operations: Net investment income 0.97 0.68 1.56 Net realized loss and net change in unrealized depreciation on investments and loss on foreign currency(2) (1.02) (0.57) (0.68) Net (decrease) increase in net assets resulting from operations(2) (0.05) 0.11 0.88 Shareholder distributions: Distributions from net investment income (0.68) (0.56) (1.44) Net decrease in net assets resulting from shareholders' distributions (0.68) (0.56) (1.44) Capital share transactions: Repurchases of common stock below net asset value(3) 0.06 — 0.20 Net increase in net assets resulting from capital share transactions 0.06 — 0.20 Net asset value at end of period $ 15.31 $ 15.89 $ 15.98 Shares of common stock outstanding at end of period 54,632,827 56,958,440 55,299,484 Total investment return-net asset value(4) 2.29 % 1.87 % 10.44 % Total investment return-market value(5) 13.66 % (30.29) % (14.87) % Net assets at beginning of period $ 883,634 $ 930,512 $ 930,512 Net assets at end of period $ 836,364 $ 905,238 $ 883,634 Average net assets $ 858,277 $ 926,144 $ 917,781 Ratio/Supplemental data: Ratio of net investment income to average net assets 6.21 % 4.19 % 9.61 % Ratio of net operating expenses to average net assets 8.18 % 5.02 % 11.63 % Portfolio turnover rate(6) 5.48 % 9.96 % 26.81 % Total amount of senior securities outstanding $ 985,712 $ 947,500 $ 957,500 Asset coverage ratio(7) 1.85 1.96 1.92 (1) The per share data for the six months ended June 30, 2023 and 2022 and the year ended December 31, 2022 was derived by using the weighted average shares of common stock outstanding during each period. (2) The amount shown for net realized loss, net change in unrealized depreciation on investments and loss on foreign currency is the balancing figure derived from the other figures in the schedule. The amount shown at this caption for a share outstanding throughout the period may not agree with the change in the aggregate gains and losses in portfolio securities for the period because of the timing of sales and repurchases of the Company’s shares in relation to fluctuating market values for the portfolio. As a result, net (decrease) increase in net assets resulting from operations in this schedule may vary from the consolidated statements of operations. (3) Repurchases of common stock may have caused an incremental decrease or increase in net asset value per share due to the repurchase of shares at a price in excess of or below net asset value per share, respectively, on each repurchase date. The per share impact of repurchases of common stock was a decrease to net asset value of less than $0.01 per share during the six months ended June 30, 2023 and 2022 and the year ended December 31, 2022. (4) Total investment return-net asset value is a measure of the change in total value for shareholders who held the Company’s common stock at the beginning and end of the period, including distributions paid or payable during the period. Total investment return-net asset value is based on (i) the beginning period net asset value per share on the first day of the period, (ii) the net asset value per share on the last day of the period of (A) one share plus (B) any fractional shares issued in connection with the reinvestment of distributions, and (iii) the value of distributions payable, if any, on the last day of the period. The total investment return-net asset value calculation assumes that distributions are reinvested in accordance with the Company's distribution reinvestment plan then in effect as described in Note 5. The total investment return-net asset value does not consider the effect of the sales load from the sale of the Company’s common stock. The total investment return-net asset value includes the effect of the issuance of shares at a net offering price that is greater than net asset value per share, which causes an increase in net asset value per share. Total returns covering less than a full year are not annualized. (5) Total investment return-market value for the six months ended June 30, 2023 and 2022 and the year ended December 31, 2022 was calculated by taking the change in the market price of the Company's common stock since the first day of the period, and including the impact of distributions reinvested in accordance with the Company’s New DRP. Total investment return-market value does not consider the effect of any sales commissions or charges that may be incurred in connection with the sale of shares of the Company’s common stock. The historical calculation of total investment return-market value in the table should not be considered a representation of the Company’s future total return based on market value, which may be greater or less than the return shown in the table due to a number of factors, including the Company’s ability or inability to make investments in companies that meet its investment criteria, the interest rates payable on the debt securities the Company acquires, the level of the Company’s expenses, variations in and the timing of the recognition of realized and unrealized gains or losses, the degree to which the Company encounters competition in its markets, general economic conditions and fluctuations in per share market value. As a result of these factors, results for any previous period should not be relied upon as being indicative of performance in future periods. (6) Portfolio turnover rate is calculated using the lesser of year-to-date sales or purchases over the average of the invested assets at fair value, excluding short term investments, and is not annualized. |
Organization and Principal Bu_2
Organization and Principal Business (Details) - USD ($) $ in Thousands | Apr. 05, 2021 | Dec. 17, 2012 | Jul. 11, 2017 |
Schedule of Equity Method Investments [Line Items] | |||
Proceeds from contributions from unaffiliated outside investors | $ 2,500 | ||
Period of amended and restated investment advisory agreement | 24 months | ||
CION Investment Group, LLC | CION Investment Management, LLC | |||
Schedule of Equity Method Investments [Line Items] | |||
Equity method investment, ownership percentage | 50% | ||
Apollo Investment Management, L.P. | CION Investment Management, LLC | |||
Schedule of Equity Method Investments [Line Items] | |||
Equity method investment, ownership percentage | 50% |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Details) - USD ($) $ in Thousands | Oct. 05, 2021 | Oct. 04, 2021 | Jun. 30, 2023 | [1] | Dec. 31, 2022 |
Investment Company, Financial Highlights [Line Items] | |||||
Fair Value | $ 1,788,462 | $ 1,760,030 | |||
Percent of capital gains incentive fee | 17.50% | 20% | |||
Short term investments | |||||
Investment Company, Financial Highlights [Line Items] | |||||
Fair Value | $ 100,771 | $ 10,869 | |||
[1]Fair value determined in good faith by the Company’s board of directors (see Note 9), including via delegation to CIM as the Company’s valuation designee (see Note 2), using significant unobservable inputs unless otherwise noted. |
Share Transactions - Schedule O
Share Transactions - Schedule Of Transactions With Shares Of Company’s Common Stock (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | 132 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | Jun. 30, 2023 | |
Equity [Abstract] | ||||||
Gross shares/proceeds from the offering (in shares) | 0 | 0 | 0 | |||
Gross shares/proceeds from the offering | $ 0 | $ 0 | $ 0 | |||
Reinvestment of distributions (in shares) | 0 | 0 | 0 | |||
Reinvestment of distributions | $ 0 | $ 0 | $ 0 | |||
Total gross shares/proceeds (in shares) | 0 | 0 | 0 | |||
Total gross shares/proceeds | $ 0 | $ 0 | $ 0 | |||
Share repurchase program (in shares) | (666,657) | 0 | (1,658,956) | (15,636,540) | ||
Share repurchase program | $ (3,226) | $ 0 | $ (6,818) | $ 0 | $ (15,444) | $ (254,692) |
Net shares/proceeds from share transactions (in Shares) | (666,657) | 0 | (1,658,956) | |||
Net shares/proceeds from share transactions | $ (6,818) | $ 0 | $ (15,444) |
Share Transactions - Narrative
Share Transactions - Narrative (Details) $ / shares in Units, $ in Thousands | 1 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | 132 Months Ended | |||||||||||||
Aug. 02, 2023 shares | Sep. 15, 2022 | Aug. 02, 2023 USD ($) $ / shares shares | Jun. 30, 2023 USD ($) $ / shares shares | Mar. 31, 2023 USD ($) $ / shares shares | Dec. 31, 2022 USD ($) $ / shares shares | Sep. 30, 2022 USD ($) $ / shares shares | Jun. 30, 2022 USD ($) shares | Mar. 31, 2022 USD ($) shares | Jun. 30, 2023 USD ($) $ / shares shares | Jun. 30, 2022 USD ($) shares | Dec. 31, 2022 USD ($) $ / shares shares | Jun. 30, 2023 USD ($) $ / shares shares | Jun. 24, 2022 USD ($) | Oct. 05, 2021 d | Sep. 21, 2021 $ / shares shares | Sep. 20, 2021 shares | Sep. 15, 2021 USD ($) | |
Subsidiary, Sale of Stock [Line Items] | ||||||||||||||||||
Sale of common stock (in shares) | 54,632,827 | |||||||||||||||||
Repurchase of common stock | $ | $ 3,226 | $ 0 | $ 6,818 | $ 0 | $ 15,444 | $ 254,692 | ||||||||||||
Share repurchase program (in shares) | 666,657 | 0 | 1,658,956 | 15,636,540 | ||||||||||||||
Common stock repurchased retired (in shares) | 15,623,796 | |||||||||||||||||
Sale of stock, offering period | 12 months | |||||||||||||||||
Reverse stock splits | 0.5 | |||||||||||||||||
Common stock, shares issued (in shares) | 54,645,571 | 55,299,484 | 54,645,571 | 55,299,484 | 54,645,571 | 56,958,440 | 113,916,869 | |||||||||||
Common stock, shares outstanding (in shares) | 54,632,827 | 55,299,484 | 56,958,440 | 54,632,827 | 56,958,440 | 55,299,484 | 54,632,827 | 56,958,440 | 113,916,869 | |||||||||
Common stock par or stated value per share (in dollars per share) | $ / shares | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | ||||||||||||
Ratio of shares available for trading upon listing | 33.33% | |||||||||||||||||
Ratio of shares available for trading 180 days after listing | 66.66% | |||||||||||||||||
Number of days after listing, 2/3rd share availability for trading | d | 180 | |||||||||||||||||
Number of days after listing, entire share availability for trading | d | 270 | |||||||||||||||||
Stock repurchase program, authorized amount | $ | $ 60,000 | $ 50,000 | ||||||||||||||||
Stock repurchase program, additional amount authorized | $ | $ 10,000 | |||||||||||||||||
Shares Repurchased (in shares) | 328,628 | 338,029 | 963,480 | 695,476 | 0 | 0 | 666,657 | 1,658,956 | ||||||||||
Aggregate Consideration for Repurchased Shares | $ | $ 3,226 | $ 3,592 | $ 8,733 | $ 6,711 | $ 0 | $ 0 | $ 6,818 | $ 15,444 | ||||||||||
Repurchase price, average cost per share (in dollars per share) | $ / shares | $ 9.81 | $ 10.63 | $ 9.06 | $ 9.65 | ||||||||||||||
Subsequent Event | ||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | ||||||||||||||||||
Shares Repurchased (in shares) | 57,691 | |||||||||||||||||
Aggregate Consideration for Repurchased Shares | $ | $ 621 | |||||||||||||||||
Repurchase price, average cost per share (in dollars per share) | $ / shares | $ 10.76 | |||||||||||||||||
Treasury stock, retired (in shares) | 15,690,588 | |||||||||||||||||
Public Stock Offering | ||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | ||||||||||||||||||
Net proceeds | $ | $ 1,138,045 | |||||||||||||||||
Public Stock Offering - Reinvested Shareholder Distributions | ||||||||||||||||||
Subsidiary, Sale of Stock [Line Items] | ||||||||||||||||||
Sale of common stock (in shares) | 13,523,489 | |||||||||||||||||
Net proceeds | $ | $ 237,451 |
Share Transactions - Schedule_2
Share Transactions - Schedule of Share Repurchases (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||||
Jun. 30, 2023 | Mar. 31, 2023 | Dec. 31, 2022 | Sep. 30, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Jun. 30, 2023 | Dec. 31, 2022 | |
Equity [Abstract] | ||||||||
Shares Repurchased (in shares) | 328,628 | 338,029 | 963,480 | 695,476 | 0 | 0 | 666,657 | 1,658,956 |
Repurchase Price Per Share (in dollars per share) | $ 9.81 | $ 10.63 | $ 9.06 | $ 9.65 | ||||
Aggregate Consideration for Repurchased Shares | $ 3,226 | $ 3,592 | $ 8,733 | $ 6,711 | $ 0 | $ 0 | $ 6,818 | $ 15,444 |
Transactions with Related Par_3
Transactions with Related Parties - Schedule of Related Party Transactions (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2022 | Jun. 30, 2021 | Dec. 31, 2022 | |
Related Party Transaction [Line Items] | |||||
Related party transaction, amount | $ 12,421 | $ 11,711 | $ 26,269 | $ 23,219 | $ 49,419 |
CIM, Management fee | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction, amount | 6,546 | 6,839 | 13,222 | 13,494 | 27,361 |
CIM, Incentive fee | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction, amount | 4,965 | 4,091 | 18,710 | ||
CIM, Administrative service expense | |||||
Related Party Transaction [Line Items] | |||||
Related party transaction, amount | $ 910 | $ 781 | $ 1,747 | $ 1,501 | $ 3,348 |
Transactions with Related Par_4
Transactions with Related Parties - Narrative (Details) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||||||
Aug. 07, 2023 | Dec. 31, 2021 | Oct. 05, 2021 | Aug. 10, 2021 | Jan. 02, 2018 | Jun. 30, 2023 USD ($) component | Jun. 30, 2022 USD ($) | Jun. 30, 2023 USD ($) component | Jun. 30, 2022 USD ($) | Jun. 30, 2021 USD ($) | Dec. 31, 2022 USD ($) | |
Related Party Transaction [Line Items] | |||||||||||
Subordinated incentive fee on income | $ 11,300 | $ 8,224 | $ 18,710 | ||||||||
Accrued subordinated incentive fee on income | $ 4,967 | $ 4,967 | 5,065 | ||||||||
Related party transaction, amount | $ 12,421 | $ 11,711 | 26,269 | $ 23,219 | 49,419 | ||||||
Related Party | |||||||||||
Related Party Transaction [Line Items] | |||||||||||
Number of components | component | 2 | 2 | |||||||||
Accrued subordinated incentive fee on income | $ 4,967 | $ 4,967 | 5,065 | ||||||||
Investment Management Agreement | |||||||||||
Related Party Transaction [Line Items] | |||||||||||
Related party transaction, amount | 12,087 | 13,692 | |||||||||
Investment Management Agreement | Subsequent Event | Related Party | |||||||||||
Related Party Transaction [Line Items] | |||||||||||
Term of agreement | 12 months | ||||||||||
Investment Management Agreement, Annual Base Management Fee | Related Party | |||||||||||
Related Party Transaction [Line Items] | |||||||||||
Management and service fees, base rate | 1.50% | ||||||||||
Investment Management Agreement, Annual Base Management Fee | Subsequent Event | Related Party | |||||||||||
Related Party Transaction [Line Items] | |||||||||||
Management and service fees, base rate | 2% | ||||||||||
Investment Management Agreement, Asset Coverage Ratio | Related Party | |||||||||||
Related Party Transaction [Line Items] | |||||||||||
Management and service fees, base rate | 150% | 200% | |||||||||
Investment Management Agreement, Annual Base Management Fee Step-Down | Related Party | |||||||||||
Related Party Transaction [Line Items] | |||||||||||
Management and service fees, base rate | 1% | ||||||||||
Investment Management Agreement, Hurdle Rate, Per Quarter | |||||||||||
Related Party Transaction [Line Items] | |||||||||||
Management and service fees, incentive rate | 1.875% | ||||||||||
Investment Management Agreement, Hurdle Rate, Per Year | |||||||||||
Related Party Transaction [Line Items] | |||||||||||
Management and service fees, incentive rate | 7.50% | ||||||||||
Investment Management Agreement, Pre-Incentive Fee Up To Threshold | |||||||||||
Related Party Transaction [Line Items] | |||||||||||
Management and service fees, incentive rate | 100% | ||||||||||
Investment Management Fee, Hurdle Rate, Threshold | |||||||||||
Related Party Transaction [Line Items] | |||||||||||
Management and service fees, incentive rate | 9.375% | ||||||||||
Investment Management Agreement, Pre-Incentive Fee, After Threshold | |||||||||||
Related Party Transaction [Line Items] | |||||||||||
Management and service fees, incentive rate | 20% | ||||||||||
Investment Management Agreement, Second Amendment, Hurdle Rate, Per Quarter | |||||||||||
Related Party Transaction [Line Items] | |||||||||||
Management and service fees, incentive rate | 1.625% | ||||||||||
Investment Management Agreement, Second Amendment, Hurdle Rate, Per Year | |||||||||||
Related Party Transaction [Line Items] | |||||||||||
Management and service fees, incentive rate | 6.50% | ||||||||||
Investment Management Agreement, Second Amendment, Pre-Incentive Fee, Up To Threshold | |||||||||||
Related Party Transaction [Line Items] | |||||||||||
Management and service fees, incentive rate | 100% | ||||||||||
Investment Management Fee, Second Amendment, Hurdle Rate, Threshold | |||||||||||
Related Party Transaction [Line Items] | |||||||||||
Management and service fees, incentive rate | 7.879% | ||||||||||
Investment Management Agreement, Second Amendment, Pre-Incentive Fee, After Threshold | |||||||||||
Related Party Transaction [Line Items] | |||||||||||
Management and service fees, incentive rate | 17.50% | ||||||||||
CIM, Incentive fee | |||||||||||
Related Party Transaction [Line Items] | |||||||||||
Subordinated incentive fee on income | 11,300 | 8,224 | |||||||||
Related party transaction, amount | 4,965 | 4,091 | $ 18,710 | ||||||||
CIM, Incentive fee | Related Party | |||||||||||
Related Party Transaction [Line Items] | |||||||||||
Subordinated incentive fee on income | $ 4,965 | $ 4,091 | $ 11,300 | $ 8,224 | |||||||
Expense Support And Conditional Reimbursement Agreement | |||||||||||
Related Party Transaction [Line Items] | |||||||||||
Reimbursement period | 3 years |
Distributions - Schedule of Div
Distributions - Schedule of Dividends Declared (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||||
Jun. 30, 2023 | Mar. 31, 2023 | Dec. 31, 2022 | Sep. 30, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | |
Equity [Abstract] | |||||||||
Distributions per share (in dollars per share) | $ 0.3400 | $ 0.3400 | $ 0.5800 | $ 0.3100 | $ 0.2800 | $ 0.2800 | $ 0.6800 | $ 0.5600 | $ 1.4500 |
Distributions amount | $ 18,614 | $ 18,687 | $ 32,074 | $ 17,604 | $ 15,949 | $ 15,948 | $ 37,301 | $ 31,897 | $ 81,575 |
Distributions - Narrative (Deta
Distributions - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||||||
Aug. 07, 2023 | Jun. 30, 2023 | Mar. 31, 2023 | Dec. 31, 2022 | Sep. 30, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | |
Class of Stock [Line Items] | ||||||||||
Distributions per share (in dollars per share) | $ 0.3400 | $ 0.3400 | $ 0.5800 | $ 0.3100 | $ 0.2800 | $ 0.2800 | $ 0.6800 | $ 0.5600 | $ 1.4500 | |
Percentage of market price | 95% | |||||||||
Aggregate gross unrealized appreciation | $ 26,828 | $ 31,155 | $ 26,828 | $ 31,155 | ||||||
Aggregate gross unrealized depreciation | 169,033 | 122,246 | 169,033 | 122,246 | ||||||
Cumulative gross unrealized appreciation (depreciation) for federal income tax purposes | (142,205) | (91,091) | (142,205) | (91,091) | ||||||
Aggregate cost of securities for federal income tax | $ 1,930,667 | $ 1,851,121 | $ 1,930,667 | $ 1,851,121 | ||||||
Subsequent Event | Payable On September 15, 2023 | ||||||||||
Class of Stock [Line Items] | ||||||||||
Distributions per share (in dollars per share) | $ 0.34 | |||||||||
Subsequent Event | Payable On September 29, 2023 | ||||||||||
Class of Stock [Line Items] | ||||||||||
Distributions per share (in dollars per share) | $ 0.05 |
Distributions - Schedule of Rep
Distributions - Schedule of Repurchases of Shares (Details) - $ / shares | 1 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | 132 Months Ended | ||||||
Jun. 30, 2023 | May 31, 2023 | Apr. 30, 2023 | Jun. 30, 2023 | Mar. 31, 2023 | Dec. 31, 2022 | Sep. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | Jun. 30, 2023 | |
Equity, Class of Treasury Stock [Line Items] | |||||||||||
Total Number of Shares Purchased (in shares) | 666,657 | 0 | 1,658,956 | 15,636,540 | |||||||
Average Price Paid per Share (in dollars per share) | $ 9.81 | $ 10.63 | $ 9.06 | $ 9.65 | |||||||
DRP | |||||||||||
Equity, Class of Treasury Stock [Line Items] | |||||||||||
Total Number of Shares Purchased (in shares) | 174,424 | 0 | 0 | 174,424 | |||||||
Average Price Paid per Share (in dollars per share) | $ 10.71 | $ 0 | $ 0 | $ 10.71 | |||||||
Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (in shares) | 174,424 | 0 | 0 | 174,424 | |||||||
Maximum Number of Shares That May Yet Be Purchased Under the Plans or Programs (in shares) | (1) | 0 | 0 | (1) |
Distributions - Schedule of Com
Distributions - Schedule of Common Stock on Distributions (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||||
Jun. 30, 2023 | Mar. 31, 2023 | Dec. 31, 2022 | Sep. 30, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | |
Equity [Abstract] | |||||||||
Distributions per share (in dollars per share) | $ 0.3400 | $ 0.3400 | $ 0.5800 | $ 0.3100 | $ 0.2800 | $ 0.2800 | $ 0.6800 | $ 0.5600 | $ 1.4500 |
Distributions amount | $ 18,614 | $ 18,687 | $ 32,074 | $ 17,604 | $ 15,949 | $ 15,948 | $ 37,301 | $ 31,897 | $ 81,575 |
Percentage | 100% | 100% | 100% |
Distributions - Schedule of Acc
Distributions - Schedule of Accumulated Losses On Tax Basis (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
Income Tax Examination [Line Items] | ||
Total accumulated losses | $ (201,420) | $ (160,968) |
Short term capital loss carryforwards | 7,233 | |
Long term capital loss carryforwards | 66,284 | |
Tax Basis | ||
Income Tax Examination [Line Items] | ||
Undistributed ordinary income | 8,543 | |
Other accumulated losses | (77,942) | |
Net unrealized depreciation on investments | (91,091) | |
Total accumulated losses | $ (160,490) |
Investments - Fair Value, Asset
Investments - Fair Value, Assets Measured on Recurring Basis (Details) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2023 | Dec. 31, 2022 | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Cost | $ 1,865,013 | [1] | $ 1,803,609 |
Fair Value | $ 1,788,462 | [2] | $ 1,760,030 |
Investments at Cost and Fair Value | Investment Portfolio Concentration | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Percentage of Investment Portfolio | 100% | 100% | |
Senior secured first lien debt | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Cost | $ 1,546,799 | [1] | $ 1,638,995 |
Fair Value | $ 1,468,630 | [2] | $ 1,579,512 |
Senior secured first lien debt | Investments at Cost and Fair Value | Investment Portfolio Concentration | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Percentage of Investment Portfolio | 87% | 90.30% | |
Senior secured second lien debt | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Cost | $ 41,153 | [1] | $ 41,036 |
Fair Value | $ 39,544 | [2] | $ 38,769 |
Senior secured second lien debt | Investments at Cost and Fair Value | Investment Portfolio Concentration | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Percentage of Investment Portfolio | 2.30% | 2.20% | |
Collateralized securities and structured products - equity | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Cost | $ 2,510 | $ 2,687 | |
Fair Value | $ 1,046 | $ 1,179 | |
Collateralized securities and structured products - equity | Investments at Cost and Fair Value | Investment Portfolio Concentration | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Percentage of Investment Portfolio | 0.10% | 0.10% | |
Unsecured debt | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Cost | $ 34,635 | [1] | $ 30,427 |
Fair Value | $ 17,301 | [2] | $ 22,643 |
Unsecured debt | Investments at Cost and Fair Value | Investment Portfolio Concentration | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Percentage of Investment Portfolio | 1% | 1.30% | |
Equity | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Cost | $ 139,145 | [1] | $ 79,595 |
Fair Value | $ 161,170 | [2] | $ 107,058 |
Equity | Investments at Cost and Fair Value | Investment Portfolio Concentration | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Percentage of Investment Portfolio | 9.60% | 6.10% | |
Investments, Excluding Short-Term Investments | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Cost | $ 1,764,242 | $ 1,792,740 | |
Fair Value | 1,687,691 | 1,749,161 | |
Short term investments | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Cost | 100,771 | [1] | 10,869 |
Fair Value | $ 100,771 | [2] | $ 10,869 |
[1]Represents amortized cost for debt securities and cost for equity investments.[2]Fair value determined in good faith by the Company’s board of directors (see Note 9), including via delegation to CIM as the Company’s valuation designee (see Note 2), using significant unobservable inputs unless otherwise noted. |
Investments - Summary Investmen
Investments - Summary Investment Holdings (Details) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2023 | Dec. 31, 2022 | ||
Summary of Investment Holdings [Line Items] | |||
Investments at Fair Value | $ 1,788,462 | [1] | $ 1,760,030 |
United States | |||
Summary of Investment Holdings [Line Items] | |||
Investments at Fair Value | 1,675,076 | 1,739,866 | |
Canada | |||
Summary of Investment Holdings [Line Items] | |||
Investments at Fair Value | 10,682 | 7,452 | |
Cayman Islands | |||
Summary of Investment Holdings [Line Items] | |||
Investments at Fair Value | 1,046 | 1,179 | |
Bermuda | |||
Summary of Investment Holdings [Line Items] | |||
Investments at Fair Value | 887 | 664 | |
Investments, Excluding Short-Term Investments | |||
Summary of Investment Holdings [Line Items] | |||
Investments at Fair Value | 1,687,691 | 1,749,161 | |
Short term investments | |||
Summary of Investment Holdings [Line Items] | |||
Investments at Fair Value | $ 100,771 | [1] | $ 10,869 |
Investments at fair value | Industry Concentration | |||
Summary of Investment Holdings [Line Items] | |||
Percentage of Investment Portfolio | 100% | 100% | |
Investments at fair value | Geographic Concentration | |||
Summary of Investment Holdings [Line Items] | |||
Percentage of Investment Portfolio | 100% | 100% | |
Investments at fair value | Geographic Concentration | United States | |||
Summary of Investment Holdings [Line Items] | |||
Percentage of Investment Portfolio | 99.30% | 99.50% | |
Investments at fair value | Geographic Concentration | Canada | |||
Summary of Investment Holdings [Line Items] | |||
Percentage of Investment Portfolio | 0.50% | 0.40% | |
Investments at fair value | Geographic Concentration | Cayman Islands | |||
Summary of Investment Holdings [Line Items] | |||
Percentage of Investment Portfolio | 0.10% | 0.10% | |
Investments at fair value | Geographic Concentration | Bermuda | |||
Summary of Investment Holdings [Line Items] | |||
Percentage of Investment Portfolio | 0.10% | 0% | |
Services: Business | |||
Summary of Investment Holdings [Line Items] | |||
Investments at Fair Value | $ 302,710 | $ 336,055 | |
Services: Business | Investments at fair value | Industry Concentration | |||
Summary of Investment Holdings [Line Items] | |||
Percentage of Investment Portfolio | 18% | 19.20% | |
Healthcare & Pharmaceuticals | |||
Summary of Investment Holdings [Line Items] | |||
Investments at Fair Value | $ 236,791 | $ 237,082 | |
Healthcare & Pharmaceuticals | Investments at fair value | Industry Concentration | |||
Summary of Investment Holdings [Line Items] | |||
Percentage of Investment Portfolio | 14% | 13.60% | |
Media: Diversified & Production | |||
Summary of Investment Holdings [Line Items] | |||
Investments at Fair Value | $ 122,742 | $ 134,927 | |
Media: Diversified & Production | Investments at fair value | Industry Concentration | |||
Summary of Investment Holdings [Line Items] | |||
Percentage of Investment Portfolio | 7.30% | 7.70% | |
Media: Advertising, Printing & Publishing | |||
Summary of Investment Holdings [Line Items] | |||
Investments at Fair Value | $ 110,139 | $ 105,375 | |
Media: Advertising, Printing & Publishing | Investments at fair value | Industry Concentration | |||
Summary of Investment Holdings [Line Items] | |||
Percentage of Investment Portfolio | 6.50% | 6% | |
Services: Consumer | |||
Summary of Investment Holdings [Line Items] | |||
Investments at Fair Value | $ 105,328 | $ 115,849 | |
Services: Consumer | Investments at fair value | Industry Concentration | |||
Summary of Investment Holdings [Line Items] | |||
Percentage of Investment Portfolio | 6.30% | 6.60% | |
Diversified Financials | |||
Summary of Investment Holdings [Line Items] | |||
Investments at Fair Value | $ 81,052 | $ 99,819 | |
Diversified Financials | Investments at fair value | Industry Concentration | |||
Summary of Investment Holdings [Line Items] | |||
Percentage of Investment Portfolio | 4.80% | 5.70% | |
Construction & Building | |||
Summary of Investment Holdings [Line Items] | |||
Investments at Fair Value | $ 71,133 | $ 46,007 | |
Construction & Building | Investments at fair value | Industry Concentration | |||
Summary of Investment Holdings [Line Items] | |||
Percentage of Investment Portfolio | 4.20% | 2.60% | |
Chemicals, Plastics & Rubber | |||
Summary of Investment Holdings [Line Items] | |||
Investments at Fair Value | $ 67,947 | $ 66,753 | |
Chemicals, Plastics & Rubber | Investments at fair value | Industry Concentration | |||
Summary of Investment Holdings [Line Items] | |||
Percentage of Investment Portfolio | 4% | 3.80% | |
Energy: Oil & Gas | |||
Summary of Investment Holdings [Line Items] | |||
Investments at Fair Value | $ 66,248 | $ 68,756 | |
Energy: Oil & Gas | Investments at fair value | Industry Concentration | |||
Summary of Investment Holdings [Line Items] | |||
Percentage of Investment Portfolio | 3.90% | 3.90% | |
Retail | |||
Summary of Investment Holdings [Line Items] | |||
Investments at Fair Value | $ 63,042 | $ 74,718 | |
Retail | Investments at fair value | Industry Concentration | |||
Summary of Investment Holdings [Line Items] | |||
Percentage of Investment Portfolio | 3.80% | 4.30% | |
Consumer Goods: Durable | |||
Summary of Investment Holdings [Line Items] | |||
Investments at Fair Value | $ 61,172 | $ 60,735 | |
Consumer Goods: Durable | Investments at fair value | Industry Concentration | |||
Summary of Investment Holdings [Line Items] | |||
Percentage of Investment Portfolio | 3.60% | 3.50% | |
Hotel, Gaming & Leisure | |||
Summary of Investment Holdings [Line Items] | |||
Investments at Fair Value | $ 60,211 | $ 46,739 | |
Hotel, Gaming & Leisure | Investments at fair value | Industry Concentration | |||
Summary of Investment Holdings [Line Items] | |||
Percentage of Investment Portfolio | 3.60% | 2.70% | |
High Tech Industries | |||
Summary of Investment Holdings [Line Items] | |||
Investments at Fair Value | $ 52,664 | $ 56,501 | |
High Tech Industries | Investments at fair value | Industry Concentration | |||
Summary of Investment Holdings [Line Items] | |||
Percentage of Investment Portfolio | 3.10% | 3.20% | |
Beverage, Food & Tobacco | |||
Summary of Investment Holdings [Line Items] | |||
Investments at Fair Value | $ 51,337 | $ 45,396 | |
Beverage, Food & Tobacco | Investments at fair value | Industry Concentration | |||
Summary of Investment Holdings [Line Items] | |||
Percentage of Investment Portfolio | 3% | 2.60% | |
Capital Equipment | |||
Summary of Investment Holdings [Line Items] | |||
Investments at Fair Value | $ 46,606 | $ 41,580 | |
Capital Equipment | Investments at fair value | Industry Concentration | |||
Summary of Investment Holdings [Line Items] | |||
Percentage of Investment Portfolio | 2.80% | 2.40% | |
Consumer Goods: Non-Durable | |||
Summary of Investment Holdings [Line Items] | |||
Investments at Fair Value | $ 43,003 | $ 47,886 | |
Consumer Goods: Non-Durable | Investments at fair value | Industry Concentration | |||
Summary of Investment Holdings [Line Items] | |||
Percentage of Investment Portfolio | 2.50% | 2.80% | |
Banking, Finance, Insurance & Real Estate | |||
Summary of Investment Holdings [Line Items] | |||
Investments at Fair Value | $ 36,139 | $ 43,836 | |
Banking, Finance, Insurance & Real Estate | Investments at fair value | Industry Concentration | |||
Summary of Investment Holdings [Line Items] | |||
Percentage of Investment Portfolio | 2.10% | 2.50% | |
Containers, Packaging & Glass | |||
Summary of Investment Holdings [Line Items] | |||
Investments at Fair Value | $ 19,453 | $ 19,551 | |
Containers, Packaging & Glass | Investments at fair value | Industry Concentration | |||
Summary of Investment Holdings [Line Items] | |||
Percentage of Investment Portfolio | 1.20% | 1.10% | |
Telecommunications | |||
Summary of Investment Holdings [Line Items] | |||
Investments at Fair Value | $ 18,315 | $ 18,302 | |
Telecommunications | Investments at fair value | Industry Concentration | |||
Summary of Investment Holdings [Line Items] | |||
Percentage of Investment Portfolio | 1.10% | 1.10% | |
Automotive | |||
Summary of Investment Holdings [Line Items] | |||
Investments at Fair Value | $ 16,231 | $ 16,255 | |
Automotive | Investments at fair value | Industry Concentration | |||
Summary of Investment Holdings [Line Items] | |||
Percentage of Investment Portfolio | 1% | 0.90% | |
Metals & Mining | |||
Summary of Investment Holdings [Line Items] | |||
Investments at Fair Value | $ 15,781 | $ 15,780 | |
Metals & Mining | Investments at fair value | Industry Concentration | |||
Summary of Investment Holdings [Line Items] | |||
Percentage of Investment Portfolio | 0.90% | 0.90% | |
Environmental Industries | |||
Summary of Investment Holdings [Line Items] | |||
Investments at Fair Value | $ 14,722 | $ 0 | |
Environmental Industries | Investments at fair value | Industry Concentration | |||
Summary of Investment Holdings [Line Items] | |||
Percentage of Investment Portfolio | 0.90% | 0% | |
Aerospace & Defense | |||
Summary of Investment Holdings [Line Items] | |||
Investments at Fair Value | $ 12,627 | $ 38,842 | |
Aerospace & Defense | Investments at fair value | Industry Concentration | |||
Summary of Investment Holdings [Line Items] | |||
Percentage of Investment Portfolio | 0.70% | 2.20% | |
Transportation: Cargo | |||
Summary of Investment Holdings [Line Items] | |||
Investments at Fair Value | $ 12,298 | $ 12,417 | |
Transportation: Cargo | Investments at fair value | Industry Concentration | |||
Summary of Investment Holdings [Line Items] | |||
Percentage of Investment Portfolio | 0.70% | 0.70% | |
[1]Fair value determined in good faith by the Company’s board of directors (see Note 9), including via delegation to CIM as the Company’s valuation designee (see Note 2), using significant unobservable inputs unless otherwise noted. |
Investments - Narrative (Detail
Investments - Narrative (Details) - USD ($) $ in Thousands | Aug. 02, 2023 | Jun. 30, 2023 | Dec. 31, 2022 |
Summary of Investment Holdings [Line Items] | |||
Non-accrual status, percent of fair value | 1.70% | 1.30% | |
Unfunded Commitments | |||
Summary of Investment Holdings [Line Items] | |||
Unfunded commitments amount | $ 56,378 | $ 71,420 | |
Unfunded Commitments | Subsequent Event | |||
Summary of Investment Holdings [Line Items] | |||
Unfunded commitments amount | $ 54,475 |
Joint Ventures - Narrative (Det
Joint Ventures - Narrative (Details) | Jun. 30, 2023 member | Dec. 21, 2021 USD ($) |
CION/EagleTree | CION/EagleTree Notes | Senior Notes | ||
Schedule of Equity Method Investments [Line Items] | ||
Debt instrument, aggregate principal amount | $ | $ 61,629,000 | |
Interest rate | 14% | |
CION/EagleTree | CION/EagleTree Notes | Senior Notes | ET-BC | ||
Schedule of Equity Method Investments [Line Items] | ||
Debt instrument, aggregate principal amount | $ | $ 10,875,000 | |
CION/EagleTree | ||
Schedule of Equity Method Investments [Line Items] | ||
Percentage of investments contributed | 85% | |
Number of board members | 4 | |
Number of board members selected by company | 2 | |
Number of board members selected by counterparty | 2 | |
Number of affirmative votes required by company | 1 | |
Number of affirmative votes required by counterparty | 1 | |
CION/EagleTree | ET-BC | ||
Schedule of Equity Method Investments [Line Items] | ||
Percentage of investments contributed | 15% |
Joint Ventures - Individual Inv
Joint Ventures - Individual Investments (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, cost | $ 1,865,013 | [1] | $ 1,803,609 | |||
Investments, at fair value: | 1,788,462 | [2] | 1,760,030 | |||
CION/EagleTree | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, cost | 89,808 | 102,619 | ||||
Investments, at fair value: | 93,612 | 105,978 | ||||
Senior Secured First Lien Debt | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, cost | 1,546,799 | [1] | 1,638,995 | |||
Investments, at fair value: | 1,468,630 | [2] | 1,579,512 | |||
Senior Secured First Lien Debt | CION/EagleTree | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, cost | 2,756 | 3,006 | ||||
Investments, at fair value: | 2,781 | 3,007 | ||||
Senior Secured Second Lien Debt | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, cost | 41,153 | [1] | 41,036 | |||
Investments, at fair value: | 39,544 | [2] | 38,769 | |||
Senior Secured Second Lien Debt | CION/EagleTree | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, cost | 13,431 | 29,185 | ||||
Investments, at fair value: | 13,644 | 28,452 | ||||
Collateralized securities and structured products - equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, cost | 2,510 | [1] | 2,687 | |||
Investments, at fair value: | 1,046 | [2] | 1,179 | |||
Collateralized securities and structured products - equity | CION/EagleTree | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, cost | 9,796 | 9,874 | ||||
Investments, at fair value: | 9,263 | 9,523 | ||||
Equity | CION/EagleTree | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, cost | 62,382 | 60,554 | ||||
Investments, at fair value: | 66,481 | 64,996 | ||||
Short term investments | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, cost | 100,771 | [1] | 10,869 | |||
Investments, at fair value: | 100,771 | [2] | $ 10,869 | |||
Short term investments | CION/EagleTree | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, cost | 1,443 | |||||
Investments, at fair value: | $ 1,443 | |||||
Investment, Identifier [Axis]: AHF Parent Holding, Inc., Senior Secured First Lien Debt, 2/1/2028 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 6.25% | [3],[4],[5] | 6.25% | [6],[7],[8] | ||
Interest rate, floor | 0.75% | [3],[4],[5] | 0.75% | [6],[7],[8] | ||
Principal amount | $ 2,813 | [3],[5],[9] | $ 2,944 | [6],[8] | ||
Investments, cost | 2,767 | [3],[5] | 2,891 | [6],[8] | ||
Investments, at fair value: | $ 2,714 | [3],[5] | $ 2,771 | [6],[8] | ||
Investment, Identifier [Axis]: ALM Media, LLC 1, Senior Secured First Lien Debt, 11/25/2024 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [6],[7],[10],[11] | 6.50% | ||||
Interest rate, floor | [6],[7],[10],[11] | 1% | ||||
Investment, Identifier [Axis]: ALM Media, LLC, Senior Secured First Lien Debt, 11/25/2024 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [3],[4],[5],[12] | 6% | ||||
Interest rate, floor | [3],[4],[5],[12] | 1% | ||||
Principal amount | $ 16,421 | [3],[5],[9],[12] | $ 17,000 | [6],[10],[11] | ||
Investments, cost | 16,324 | [3],[5],[12] | 16,855 | [6],[10],[11] | ||
Investments, at fair value: | $ 16,421 | [3],[5],[12] | $ 17,000 | [6],[10],[11] | ||
Investment, Identifier [Axis]: APIDOS CLO XVI Subordinated Notes., Collateralized Securities and Structured Products - Equity, 1/19/2025 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investment estimated yield | 0% | [4],[13],[14] | 0% | [15],[16] | ||
Principal amount | $ 9,000 | [9],[13],[14] | $ 9,000 | [15],[16] | ||
Investments, cost | 1,217 | [13],[14] | 1,246 | [15],[16] | ||
Investments, at fair value: | 13 | [13],[14] | 71 | [15],[16] | ||
Investment, Identifier [Axis]: ARC Financial Partners, LLC, Membership Interests., Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, cost | 0 | [17],[18] | 0 | [19],[20] | ||
Investments, at fair value: | 0 | [17],[18] | $ 0 | [19],[20] | ||
Investment, Identifier [Axis]: ARC Financial Partners, LLC., Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Ownership percentage | 25% | |||||
Investment, Identifier [Axis]: ARC Financial, LLC, Membership Interests, Non-Controlled, Affiliated Investments | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, at fair value: | $ 0 | $ 0 | $ 0 | |||
Investment, Identifier [Axis]: Adapt Laser Acquisition, Inc., Senior Secured First Lien Debt, 12/31/2023 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 12% | [4],[21],[22] | 12% | [7],[11],[23] | ||
Interest rate, floor | 1% | [4],[21],[22] | 1% | [7],[11],[23] | ||
Principal amount | $ 10,979 | [9],[21],[22] | $ 11,047 | [11],[23] | ||
Investments, cost | 10,979 | [21],[22] | 11,048 | [11],[23] | ||
Investments, at fair value: | $ 11,143 | [21],[22] | $ 10,329 | [11],[23] | ||
Investment, Identifier [Axis]: Adapt Laser Acquisition, Inc., Senior Secured First Lien Debt, 12/31/2023 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 12% | [4],[21],[22] | 12% | [7],[11],[23] | ||
Interest rate, floor | 1% | [4],[21],[22] | 1% | [7],[11],[23] | ||
Principal amount | $ 2,093 | [9],[21],[22] | $ 2,072 | [11],[23] | ||
Investments, cost | 2,093 | [21],[22] | 2,072 | [11],[23] | ||
Investments, at fair value: | 2,041 | [21],[22] | 1,875 | [11],[23] | ||
Investment, Identifier [Axis]: Afore Insurance Services, LLC, First Lien Term Loan, Non-Controlled, Affiliated Investments | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, at fair value: | $ 4,572 | $ 0 | ||||
Investment, Identifier [Axis]: Afore Insurance Services, LLC., Senior Secured First Lien Debt, 3/24/2025 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [4],[5],[12],[17] | 6% | ||||
Interest rate, floor | [4],[5],[12],[17] | 1% | ||||
Principal amount | [5],[9],[12],[17] | $ 4,583 | ||||
Investments, cost | [5],[12],[17] | 4,583 | ||||
Investments, at fair value: | [5],[12],[17] | $ 4,572 | ||||
Investment, Identifier [Axis]: Allen Media, LLC, Senior Secured First Lien Debt, 2/10/2027 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 6% | [3],[4],[5] | 5.50% | [6],[7],[8] | ||
Interest rate, floor | 0% | [3],[4],[5] | 0% | [6],[7],[8] | ||
Principal amount | $ 8,818 | [3],[5],[9] | $ 8,863 | [6],[8] | ||
Investments, cost | 8,757 | [3],[5] | 8,793 | [6],[8] | ||
Investments, at fair value: | $ 8,553 | [3],[5] | $ 8,420 | [6],[8] | ||
Investment, Identifier [Axis]: American Clinical Solutions LLC, Senior Secured First Lien Debt, 12/31/2024 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [4],[12],[21],[24] | 7% | ||||
Interest rate, floor | 100% | [4],[12],[21],[24] | 100% | [7],[10],[23],[25] | ||
Principal amount | $ 4,859 | [9],[12],[21],[24] | $ 4,250 | [10],[23],[25] | ||
Investments, cost | 4,859 | [12],[21],[24] | 4,250 | [10],[23],[25] | ||
Investments, at fair value: | $ 4,726 | [12],[21],[24] | $ 4,122 | [10],[23],[25] | ||
Investment, Identifier [Axis]: American Consolidated Natural Resources, Inc., Senior Secured First Lien Debt, 9/16/2025 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 16% | [4],[12],[21],[22] | 16% | [7],[10],[11],[23] | ||
Interest rate, floor | 1% | [4],[12],[21],[22] | 1% | [7],[10],[11],[23] | ||
Principal amount | $ 47 | [9],[12],[21],[22] | $ 47 | [10],[11],[23] | ||
Investments, cost | 36 | [12],[21],[22] | 35 | [10],[11],[23] | ||
Investments, at fair value: | $ 48 | [12],[21],[22] | $ 47 | [10],[11],[23] | ||
Investment, Identifier [Axis]: American Health Staffing Group, Inc. Senior Secured First Lien Debt, 11/19/2026 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [4],[12],[26] | 6% | ||||
Interest rate, floor | [4],[12],[26] | 1% | ||||
Principal amount | [9],[12],[26] | $ 16,458 | ||||
Investments, cost | [12],[26] | 16,345 | ||||
Investments, at fair value: | [12],[26] | 16,458 | ||||
Investment, Identifier [Axis]: American Health Staffing Group, Inc. Senior Secured First Lien Debt, 11/19/2026 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [7],[10],[27] | 6% | ||||
Interest rate, floor | [7],[10],[27] | 1% | ||||
Principal amount | [10],[27] | $ 16,542 | ||||
Investments, cost | [10],[27] | 16,407 | ||||
Investments, at fair value: | [10],[27] | 16,542 | ||||
Investment, Identifier [Axis]: American Health Staffing Group, Inc., Senior Secured First Lien Debt, 11/19/2026 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | 3,333 | |||||
Investments, cost | (26) | |||||
Investments, at fair value: | $ 0 | |||||
Investment, Identifier [Axis]: American Health Staffing Group, Inc., Senior Secured First Lien Debt, 11/19/2026 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | [9] | 3,333 | ||||
Investments, cost | (22) | |||||
Investments, at fair value: | 0 | |||||
Investment, Identifier [Axis]: American Teleconferencing Services, Ltd. Senior Secured First Lien Debt, 1/31/23 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [7],[28] | 5.50% | ||||
Principal amount | [28] | $ 3,116 | ||||
Investments, cost | [28] | 3,116 | ||||
Investments, at fair value: | [28] | 156 | ||||
Investment, Identifier [Axis]: American Teleconferencing Services, Ltd., Senior Secured First Lien Debt, 1/31/23 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | [20],[28] | 235 | ||||
Investments, cost | [20],[28] | 0 | ||||
Investments, at fair value: | [20],[28] | $ 0 | ||||
Investment, Identifier [Axis]: American Teleconferencing Services, Ltd., Senior Secured First Lien Debt, 4/07/2023 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | [9],[18] | 235 | ||||
Investments, cost | [18] | 0 | ||||
Investments, at fair value: | [18] | $ 0 | ||||
Investment, Identifier [Axis]: American Teleconferencing Services, Ltd., Senior Secured First Lien Debt, 4/07/2023 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [4],[29] | 5.50% | ||||
Principal amount | [9],[29] | $ 3,116 | ||||
Investments, cost | [29] | 3,116 | ||||
Investments, at fair value: | [29] | $ 140 | ||||
Investment, Identifier [Axis]: Analogic Corp., Senior Secured First Lien Debt, 6/21/2024 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 5.25% | [3],[4],[5],[12] | 5.25% | [6],[7],[10],[11] | ||
Interest rate, floor | 1% | [3],[4],[5],[12] | 1% | [6],[7],[10],[11] | ||
Principal amount | $ 4,825 | [3],[5],[9],[12] | $ 4,850 | [6],[10],[11] | ||
Investments, cost | 4,807 | [3],[5],[12] | 4,823 | [6],[10],[11] | ||
Investments, at fair value: | $ 4,819 | [3],[5],[12] | $ 4,795 | [6],[10],[11] | ||
Investment, Identifier [Axis]: Ancile Solutions, Inc., Senior Secured First Lien Debt, 6/11/2026 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 10% | [4],[12],[21],[22] | 10% | [7],[10],[11],[23] | ||
Interest rate, floor | 1% | [4],[12],[21],[22] | 1% | [7],[10],[11],[23] | ||
Principal amount | $ 11,359 | [9],[12],[21],[22] | $ 11,967 | [10],[11],[23] | ||
Investments, cost | 11,126 | [12],[21],[22] | 11,681 | [10],[11],[23] | ||
Investments, at fair value: | $ 11,231 | [12],[21],[22] | 11,608 | [10],[11],[23] | ||
Investment, Identifier [Axis]: Anthem Sports & Entertainment Inc., Senior Secured First Lien Debt, 11/15/2026 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [4],[12],[21],[22] | 9.50% | ||||
Interest rate, floor | [4],[12],[21],[22] | 1% | ||||
Principal amount | $ 37,076 | [9],[12],[21],[22] | 167 | |||
Investments, cost | 36,942 | [12],[21],[22] | 0 | |||
Investments, at fair value: | $ 35,037 | [12],[21],[22] | $ (8) | |||
Investment, Identifier [Axis]: Anthem Sports & Entertainment Inc., Senior Secured First Lien Debt, 11/15/2026 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 9.50% | [4],[22] | 9.50% | [7],[10],[11],[23] | ||
Interest rate, floor | 1% | [4],[22] | 1% | [7],[10],[11],[23] | ||
Principal amount | $ 3,000 | [9],[22] | $ 36,914 | [10],[11],[23] | ||
Investments, cost | 3,000 | [22] | 36,749 | [10],[11],[23] | ||
Investments, at fair value: | 2,835 | [22] | $ 35,161 | [10],[11],[23] | ||
Investment, Identifier [Axis]: Anthem Sports & Entertainment Inc., Senior Secured First Lien Debt, 11/15/2026 Maturity, 3 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [7],[11] | 9.50% | ||||
Interest rate, floor | [7],[11] | 1% | ||||
Principal amount | 167 | [9] | $ 3,000 | [11] | ||
Investments, cost | 0 | 3,000 | [11] | |||
Investments, at fair value: | $ (9) | $ 2,857 | [11] | |||
Investment, Identifier [Axis]: Appalachian Resource Company, LLC, Senior Secured First Lien Debt, 9/10/2023 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [7],[25] | 10% | ||||
Interest rate, floor | [7],[25] | 1% | ||||
Principal amount | [25] | $ 5,000 | ||||
Investments, cost | [25] | 5,000 | ||||
Investments, at fair value: | [25] | $ 5,000 | ||||
Investment, Identifier [Axis]: Appalachian Resource Company, LLC, Senior Secured First Lien Debt, 9/10/2023 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [7],[25] | 5% | ||||
Interest rate, floor | [7],[25] | 1% | ||||
Principal amount | [25] | $ 11,137 | ||||
Investments, cost | [25] | 10,625 | ||||
Investments, at fair value: | [25] | $ 10,733 | ||||
Investment, Identifier [Axis]: Appalachian Resource Company, LLC, Senior Secured First Lien Debt, 9/15/2023 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [4],[24] | 10% | ||||
Interest rate, floor | [4],[24] | 1% | ||||
Principal amount | [9],[24] | $ 5,000 | ||||
Investments, cost | [24] | 5,000 | ||||
Investments, at fair value: | [24] | $ 5,000 | ||||
Investment, Identifier [Axis]: Appalachian Resource Company, LLC, Senior Secured First Lien Debt, 9/30/2023 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [4],[24] | 5% | ||||
Interest rate, floor | [4],[24] | 1% | ||||
Principal amount | [9],[24] | $ 11,137 | ||||
Investments, cost | [24] | 10,992 | ||||
Investments, at fair value: | [24] | $ 10,733 | ||||
Investment, Identifier [Axis]: Archer Systems, LLC, Senior Secured First Lien Debt, 8/11/2027 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 6% | [4],[5],[12] | 6.50% | [7],[10],[30] | ||
Interest rate, floor | 1% | [4],[5],[12] | 1% | [7],[10],[30] | ||
Principal amount | $ 22,098 | [5],[9],[12] | $ 18,095 | [10],[30] | ||
Investments, cost | 21,908 | [5],[12] | 17,922 | [10],[30] | ||
Investments, at fair value: | 22,180 | [5],[12] | 17,937 | [10],[30] | ||
Investment, Identifier [Axis]: Archer Systems, LLC, Senior Secured First Lien Debt, 8/11/2027 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | [9] | 1,905 | ||||
Investments, cost | (16) | |||||
Investments, at fair value: | $ 7 | |||||
Investment, Identifier [Axis]: Archer Systems, LLC, Senior Secured First Lien Debt, 8/11/2027 Maturity, 3 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | 1,905 | |||||
Investments, cost | (18) | |||||
Investments, at fair value: | $ (17) | |||||
Investment, Identifier [Axis]: Ascent Resources - Marcellus, LLC, Membership Units., Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | 511,255 | [9],[18] | 511,255 | [20] | ||
Investments, cost | $ 1,642 | [18] | $ 1,642 | [20] | ||
Investments, at fair value: | $ 746 | [18] | $ 1,235 | [20] | ||
Investment, Identifier [Axis]: Ascent Resources - Marcellus, LLC, Warrants., Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | [20] | 132,367 | ||||
Investments, cost | [20] | $ 13 | ||||
Investments, at fair value: | [20] | $ 3 | ||||
Investment, Identifier [Axis]: Associated Asphalt Partners, LLC, Senior Secured First Lien Debt, 4/5/2024 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 5.25% | [3],[4],[12],[22] | 5.25% | [6],[7],[10],[25] | ||
Interest rate, floor | 1% | [3],[4],[12],[22] | 1% | [6],[7],[10],[25] | ||
Principal amount | $ 14,135 | [3],[9],[12],[22] | $ 14,221 | [6],[10],[25] | ||
Investments, cost | 14,034 | [3],[12],[22] | 14,051 | [6],[10],[25] | ||
Investments, at fair value: | 11,424 | [3],[12],[22] | 10,994 | [6],[10],[25] | ||
Investment, Identifier [Axis]: Atlas Supply LLC, Senior Secured First Lien Debt, 4/29/2025 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | 5,000 | [9] | 5,000 | |||
Investments, cost | 5,000 | 5,000 | ||||
Investments, at fair value: | $ 4,938 | $ 4,950 | ||||
Investment, Identifier [Axis]: Avison Young (USA) Inc., Senior Secured First Lien Debt, 1/31/2026 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 6.50% | [4],[12],[31] | 5.75% | [7],[10],[16],[25] | ||
Interest rate, floor | 0% | [4],[12],[31] | 0% | [7],[10],[16],[25] | ||
Principal amount | $ 6,660 | [9],[12],[31] | $ 2,665 | [10],[16],[25] | ||
Investments, cost | 5,552 | [12],[31] | 2,638 | [10],[16],[25] | ||
Investments, at fair value: | $ 5,595 | [12],[31] | $ 2,505 | [10],[16],[25] | ||
Investment, Identifier [Axis]: BDS Solutions Intermediateco, LLC, Senior Secured First Lien Debt, 2/7/2027 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 6.25% | [4],[5],[12] | 6.25% | [7],[8] | ||
Interest rate, floor | 1% | [4],[5],[12] | 1% | [7],[8] | ||
Principal amount | $ 19,979 | [5],[9],[12] | $ 17,822 | [8] | ||
Investments, cost | 19,689 | [5],[12] | 17,535 | [8] | ||
Investments, at fair value: | $ 19,605 | [5],[12] | $ 17,466 | [8] | ||
Investment, Identifier [Axis]: BDS Solutions Intermediateco, LLC, Senior Secured First Lien Debt, 2/7/2027 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 6.25% | [4],[5] | 6.25% | [7],[8] | ||
Interest rate, floor | 1% | [4],[5] | 1% | [7],[8] | ||
Principal amount | $ 1,811 | [5],[9] | $ 859 | [8] | ||
Investments, cost | 1,754 | [5] | 802 | [8] | ||
Investments, at fair value: | 1,777 | [5] | 842 | [8] | ||
Investment, Identifier [Axis]: BDS Solutions Intermediateco, LLC, Senior Secured First Lien Debt, 2/7/2027 Maturity, 3 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | 1,046 | [9] | 1,998 | |||
Investments, cost | 0 | 0 | ||||
Investments, at fair value: | $ (20) | (40) | ||||
Investment, Identifier [Axis]: Berlitz Holdings, Inc., First Lien Term Loan, Non-Controlled, Affiliated Investments | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, at fair value: | $ 0 | 0 | ||||
Investment, Identifier [Axis]: Berlitz Holdings, Inc., Senior Secured First Lien Debt, 2/14/2025 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 9% | [4],[31] | 9% | [7],[19],[30] | ||
Interest rate, floor | 1% | [4],[31] | 1% | [7],[19],[30] | ||
Principal amount | $ 13,800 | [9],[31] | $ 13,800 | [19],[30] | ||
Investments, cost | 13,165 | [31] | 12,992 | [19],[30] | ||
Investments, at fair value: | 13,421 | [31] | 13,179 | [19],[30] | ||
Investment, Identifier [Axis]: Bradshaw International Parent Corp., Senior Secured First Lien Debt, 10/21/2026 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | 1,844 | [9] | 1,844 | |||
Investments, cost | (31) | (36) | ||||
Investments, at fair value: | $ (51) | $ (53) | ||||
Investment, Identifier [Axis]: Bradshaw International Parent Corp., Senior Secured First Lien Debt, 10/21/2027 Maturity, 3 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 5.75% | [4],[12],[31] | 5.75% | [7],[10],[25] | ||
Interest rate, floor | 1% | [4],[12],[31] | 1% | [7],[10],[25] | ||
Principal amount | $ 12,899 | [9],[12],[31] | $ 13,024 | [10],[25] | ||
Investments, cost | 12,648 | [12],[31] | 12,746 | [10],[25] | ||
Investments, at fair value: | $ 12,544 | [12],[31] | $ 12,650 | [10],[25] | ||
Investment, Identifier [Axis]: CB URS Holdings Corp., Senior Secured First Lien Debt, 9/01/2024 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [7],[10],[11] | 5.75% | ||||
Interest rate, floor | [7],[10],[11] | 1% | ||||
Principal amount | [10],[11] | $ 14,826 | ||||
Investments, cost | [10],[11] | 14,801 | ||||
Investments, at fair value: | [10],[11] | $ 12,417 | ||||
Investment, Identifier [Axis]: CF Arch Holdings LLC, Class A Units, Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | 380,952 | [9],[18] | 380,952 | [20] | ||
Investments, cost | $ 381 | [18] | $ 381 | [20] | ||
Investments, at fair value: | 564 | [18] | 442 | [20] | ||
Investment, Identifier [Axis]: CION/EagleTree Partners, LLC, Common Shares, Controlled Investments | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, at fair value: | 0 | $ 0 | 0 | |||
Investment, Identifier [Axis]: CION/EagleTree Partners, LLC, Membership Units Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, cost | [14],[18],[32] | 0 | ||||
Investments, at fair value: | [14],[18],[32] | $ 0 | ||||
Investment, Identifier [Axis]: CION/EagleTree Partners, LLC, Membership Units, Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Ownership percentage | 85% | |||||
Investments, cost | [16],[20],[33] | $ 0 | ||||
Investments, at fair value: | [16],[20],[33] | $ 0 | ||||
Investment, Identifier [Axis]: CION/EagleTree Partners, LLC, Participating Preferred Shares Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | 22,072,841 | [9],[14],[32] | 22,072,841 | [16],[20],[33] | ||
Investments, cost | $ 22,073 | [14],[32] | $ 22,073 | [16],[20],[33] | ||
Investments, at fair value: | 25,179 | [14],[32] | 30,766 | [16],[20],[33] | ||
Investment, Identifier [Axis]: CION/EagleTree Partners, LLC, Participating Preferred Shares, Controlled Investments | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, at fair value: | 25,179 | 30,766 | 29,796 | |||
Investment, Identifier [Axis]: CION/EagleTree Partners, LLC, Senior Secured Note, Controlled Investments | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, at fair value: | 54,827 | 60,348 | 61,629 | |||
Investment, Identifier [Axis]: CION/EagleTree Partners, LLC., Senior Secured First Lien Debt, 12/21/2026 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | 54,827 | [9],[14],[21],[32] | 60,348 | [16],[23],[33] | ||
Investments, cost | 54,827 | [14],[21],[32] | 60,348 | [16],[23],[33] | ||
Investments, at fair value: | $ 54,827 | [14],[21],[32] | $ 60,348 | [16],[23],[33] | ||
Investment, Identifier [Axis]: CION/EagleTree, Access CIG, LLC, Senior Secured Second Lien Debt | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 7.75% | 7.75% | ||||
Interest rate, floor | 0% | 0% | ||||
Principal amount | $ 7,250 | $ 7,250 | ||||
Investments, cost | 7,225 | 7,220 | ||||
Investments, at fair value: | $ 7,105 | $ 6,933 | ||||
Investment, Identifier [Axis]: CION/EagleTree, American Clinical Solutions LLC, Class A Membership Interests, Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | 6,030,384 | 6,030,384 | ||||
Investments, cost | $ 5,200 | $ 5,200 | ||||
Investments, at fair value: | $ 5,910 | $ 3,618 | ||||
Investment, Identifier [Axis]: CION/EagleTree, Anthem Sports and Entertainment Inc., Class A Preferred Stock Warrants, Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | 1,469 | 1,469 | ||||
Investments, cost | $ 486 | $ 486 | ||||
Investments, at fair value: | $ 1,553 | $ 1,881 | ||||
Investment, Identifier [Axis]: CION/EagleTree, Anthem Sports and Entertainment Inc., Class B Preferred Stock Warrants, Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | 255 | 255 | ||||
Investments, cost | $ 0 | $ 0 | ||||
Investments, at fair value: | $ 171 | $ 187 | ||||
Investment, Identifier [Axis]: CION/EagleTree, Anthem Sports and Entertainment Inc., Common Stock Warrants, Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | 4,746 | 4,746 | ||||
Investments, cost | $ 0 | $ 0 | ||||
Investments, at fair value: | $ 96 | $ 580 | ||||
Investment, Identifier [Axis]: CION/EagleTree, BCP Great Lakes II - Series A Holdings LP, Partnership Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Ownership percentage | 4.20% | |||||
Investments, cost | $ 13,100 | |||||
Investments, at fair value: | $ 12,672 | |||||
Investment, Identifier [Axis]: CION/EagleTree, BCP Great Lakes II - Series A Holdings LP, Partnership Interests, Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Ownership percentage | 4.20% | |||||
Investments, cost | $ 11,436 | |||||
Investments, at fair value: | $ 11,058 | |||||
Investment, Identifier [Axis]: CION/EagleTree, Berlitz Holdings, Inc, Senior Secured First Lien Debt | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 9% | 9% | ||||
Interest rate, floor | 1% | 1% | ||||
Principal amount | $ 1,200 | $ 1,200 | ||||
Investments, cost | 1,141 | 1,125 | ||||
Investments, at fair value: | $ 1,167 | $ 1,146 | ||||
Investment, Identifier [Axis]: CION/EagleTree, CHC Medical Partners, Inc., Series C Preferred Stock, Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Dividend rate | 12% | 12% | ||||
Principal units (in shares) | 2,727,273 | 2,727,273 | ||||
Investments, cost | $ 8,055 | $ 7,891 | ||||
Investments, at fair value: | $ 9,321 | $ 8,877 | ||||
Investment, Identifier [Axis]: CION/EagleTree, CTS Ultimate Holdings LLC, Class A Preferred Units, Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | 3,578,701 | 3,578,701 | ||||
Investments, cost | $ 1,000 | $ 1,000 | ||||
Investments, at fair value: | $ 608 | $ 859 | ||||
Investment, Identifier [Axis]: CION/EagleTree, Carestream Health Holdings, Inc., Common Stock, Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | 613,262 | 613,262 | ||||
Investments, cost | $ 21,759 | $ 21,759 | ||||
Investments, at fair value: | $ 20,716 | $ 21,544 | ||||
Investment, Identifier [Axis]: CION/EagleTree, Community Tree Service, LLC, Senior Secured First Lien Debt | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 11% | 8.50% | ||||
Interest rate, floor | 1% | 1% | ||||
Principal amount | $ 460 | $ 499 | ||||
Investments, cost | 460 | 499 | ||||
Investments, at fair value: | $ 452 | $ 489 | ||||
Investment, Identifier [Axis]: CION/EagleTree, Dayton HoldCo, LLC, Membership Units, Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | 37,264 | 37,264 | ||||
Investments, cost | $ 8,400 | $ 8,400 | ||||
Investments, at fair value: | $ 14,537 | $ 15,334 | ||||
Investment, Identifier [Axis]: CION/EagleTree, Dayton Superior Corp, Senior Secured Second Lien Debt | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 7% | |||||
Interest rate, floor | 2% | |||||
Principal amount | $ 1,010 | |||||
Investments, cost | 1,010 | |||||
Investments, at fair value: | $ 1,007 | |||||
Investment, Identifier [Axis]: CION/EagleTree, Future Pak, LLC, Senior Secured First Lien Debt | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 10% | 8% | ||||
Interest rate, floor | 2% | 2% | ||||
Principal amount | $ 1,162 | $ 1,395 | ||||
Investments, cost | 1,155 | 1,382 | ||||
Investments, at fair value: | $ 1,162 | $ 1,372 | ||||
Investment, Identifier [Axis]: CION/EagleTree, HDNet Holdco LLC, Preferred Unit Call Option, Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | 1 | 1 | ||||
Investments, cost | $ 0 | $ 0 | ||||
Investments, at fair value: | $ 100 | $ 185 | ||||
Investment, Identifier [Axis]: CION/EagleTree, HW Ultimate Holdings, LP, Class A Membership Units, Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Dividend rate | 4% | 4% | ||||
Principal units (in shares) | 2,000,000 | 2,000,000 | ||||
Investments, cost | $ 2,082 | $ 2,082 | ||||
Investments, at fair value: | $ 0 | $ 130 | ||||
Investment, Identifier [Axis]: CION/EagleTree, Ivy Hill Middle Market Credit Fund VIII, Ltd. Subordinated Loan, Collateralized Securities and Structured Products - Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investment estimated yield | 11.84% | 11.84% | ||||
Principal amount | $ 10,000 | $ 10,000 | ||||
Investments, cost | 9,796 | 9,874 | ||||
Investments, at fair value: | $ 9,263 | $ 9,523 | ||||
Investment, Identifier [Axis]: CION/EagleTree, Language Education Holdings GP LLC, Common Units, Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | 133,333 | 133,333 | ||||
Investments, cost | $ 0 | $ 0 | ||||
Investments, at fair value: | $ 0 | $ 0 | ||||
Investment, Identifier [Axis]: CION/EagleTree, Language Education Holdings LP, Ordinary Common Units, Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | 133,333 | 133,333 | ||||
Investments, cost | $ 300 | $ 300 | ||||
Investments, at fair value: | $ 495 | $ 427 | ||||
Investment, Identifier [Axis]: CION/EagleTree, MedPlast Holdings, Inc, Senior Secured Second Lien Debt | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 7.75% | 7.75% | ||||
Interest rate, floor | 0% | 0% | ||||
Principal amount | $ 6,750 | $ 6,750 | ||||
Investments, cost | 6,206 | 6,135 | ||||
Investments, at fair value: | $ 6,539 | $ 6,337 | ||||
Investment, Identifier [Axis]: CION/EagleTree, Skillsoft Corp., Class A Common Stock, Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | 243,425 | 243,425 | ||||
Investments, cost | $ 2,000 | $ 2,000 | ||||
Investments, at fair value: | $ 302 | $ 316 | ||||
Investment, Identifier [Axis]: CION/EagleTree, Spinal USA, Inc. / Precision Medical Inc., Warrants, Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | 20,667,324 | 20,667,324 | ||||
Investments, cost | $ 0 | $ 0 | ||||
Investments, at fair value: | $ 0 | $ 0 | ||||
Investment, Identifier [Axis]: CION/EagleTree, Zest Acquisition Corp, Senior Secured Second Lien Debt | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 7% | |||||
Interest rate, floor | 1% | |||||
Principal amount | $ 15,000 | |||||
Investments, cost | 14,820 | |||||
Investments, at fair value: | $ 14,175 | |||||
Investment, Identifier [Axis]: Cabi, LLC, Senior Secured First Lien Debt, 2/28/2027 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 5.50% | [4],[12],[31] | 9.50% | [7],[10],[30] | ||
Interest rate, floor | 2% | [4],[12],[31] | 1% | [7],[10],[30] | ||
Principal amount | $ 21,576 | [9],[12],[31] | $ 22,073 | [10],[30] | ||
Investments, cost | 21,319 | [12],[31] | 21,772 | [10],[30] | ||
Investments, at fair value: | $ 21,522 | [12],[31] | $ 21,742 | [10],[30] | ||
Investment, Identifier [Axis]: Cadence Aerospace, LLC, Senior Secured First Lien Debt, 11/14/2023 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [6],[7],[10],[11],[23] | 8.50% | ||||
Interest rate, floor | [6],[7],[10],[11],[23] | 1% | ||||
Principal amount | [6],[10],[11],[23] | $ 39,383 | ||||
Investments, cost | [6],[10],[11],[23] | 39,225 | ||||
Investments, at fair value: | [6],[10],[11],[23] | $ 38,842 | ||||
Investment, Identifier [Axis]: Cadence Aerospace, LLC, Senior Secured First Lien Debt, 11/14/2024 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [3],[4],[5],[12] | 6.50% | ||||
Interest rate, floor | [3],[4],[5],[12] | 1% | ||||
Principal amount | [3],[5],[9],[12] | $ 12,642 | ||||
Investments, cost | [3],[5],[12] | 12,610 | ||||
Investments, at fair value: | [3],[5],[12] | $ 12,627 | ||||
Investment, Identifier [Axis]: Carestream Health Holdings Inc., Common Stock, Equity Securities | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | 613,262 | [9],[17],[18] | 613,262 | [19],[20] | ||
Investments, cost | $ 21,758 | [17],[18] | $ 21,758 | [19],[20] | ||
Investments, at fair value: | 20,716 | [17],[18] | 21,544 | [19],[20] | ||
Investment, Identifier [Axis]: Carestream Health, Inc., First Lien Term Loan, Non-Controlled, Affiliated Investments | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, at fair value: | $ 11,423 | $ 7,539 | 0 | |||
Investment, Identifier [Axis]: Carestream Health, Inc., Senior Secured First Lien Debt, 9/30/2027 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 7.50% | [3],[4],[17],[31] | 7.50% | [6],[7],[19],[30] | ||
Interest rate, floor | 1% | [3],[4],[17],[31] | 1% | [6],[7],[19],[30] | ||
Principal amount | $ 11,481 | [3],[9],[17],[31] | $ 7,596 | [6],[19],[30] | ||
Investments, cost | 10,376 | [3],[17],[31] | 7,596 | [6],[19],[30] | ||
Investments, at fair value: | 11,423 | [3],[17],[31] | 7,539 | [6],[19],[30] | ||
Investment, Identifier [Axis]: Carestream, Common Shares, Non-Controlled, Affiliated Investments | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, at fair value: | $ 20,716 | $ 21,544 | 0 | |||
Investment, Identifier [Axis]: Celerity Acquisition Holdings, LLC, Senior Secured First Lien Debt, 5/28/2026 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 8.50% | [4],[5],[12] | 8.50% | [7],[10],[11] | ||
Interest rate, floor | 1% | [4],[5],[12] | 1% | [7],[10],[11] | ||
Principal amount | $ 16,000 | [5],[9],[12] | $ 14,775 | [10],[11] | ||
Investments, cost | 15,976 | [5],[12] | 14,775 | [10],[11] | ||
Investments, at fair value: | 16,000 | [5],[12] | $ 14,590 | [10],[11] | ||
Investment, Identifier [Axis]: Cennox, Inc., Senior Secured First Lien Debt, 11/22/2023 Maturity, 4 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | [9] | 7,193 | ||||
Investments, cost | (45) | |||||
Investments, at fair value: | $ (27) | |||||
Investment, Identifier [Axis]: Cennox, Inc., Senior Secured First Lien Debt, 5/4/2026 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 6% | [4],[5],[12] | 6% | [7],[10],[11] | ||
Interest rate, floor | 1% | [4],[5],[12] | 1% | [7],[10],[11] | ||
Principal amount | $ 22,455 | [5],[9],[12] | $ 22,509 | [10],[11] | ||
Investments, cost | 22,455 | [5],[12] | 22,509 | [10],[11] | ||
Investments, at fair value: | $ 22,371 | [5],[12] | $ 22,425 | [10],[11] | ||
Investment, Identifier [Axis]: Cennox, Inc., Senior Secured First Lien Debt, 5/4/2026 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 6% | [3],[4],[5],[12] | 6% | [6],[7],[11] | ||
Interest rate, floor | 1% | [3],[4],[5],[12] | 1% | [6],[7],[11] | ||
Principal amount | $ 11,552 | [3],[5],[9],[12] | $ 11,787 | [6],[11] | ||
Investments, cost | 11,548 | [3],[5],[12] | 11,730 | [6],[11] | ||
Investments, at fair value: | $ 11,509 | [3],[5],[12] | $ 11,743 | [6],[11] | ||
Investment, Identifier [Axis]: Cennox, Inc., Senior Secured First Lien Debt, 5/4/2026 Maturity, 3 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 6% | [4],[5] | 6% | [7] | ||
Interest rate, floor | 1% | [4],[5] | 1% | [7] | ||
Principal amount | $ 2,987 | [5],[9] | $ 2,614 | |||
Investments, cost | 2,987 | [5] | 2,614 | |||
Investments, at fair value: | $ 2,976 | [5] | 2,604 | |||
Investment, Identifier [Axis]: Cennox, Inc., Senior Secured First Lien Debt, 5/4/2026 Maturity, 5 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | 373 | |||||
Investments, cost | 0 | |||||
Investments, at fair value: | (1) | |||||
Investment, Identifier [Axis]: Cennox, Inc., Senior Secured First Lien Debt, 8/11/2023 Maturity, 4 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | 7,193 | |||||
Investments, cost | 0 | |||||
Investments, at fair value: | (27) | |||||
Investment, Identifier [Axis]: Charming Charlie, LLC, Vendor Payment Financing Facility, Non-Controlled, Affiliated Investments | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, at fair value: | $ 0 | 350 | ||||
Investment, Identifier [Axis]: CircusTrix Holdings, LLC., Senior Secured First Lien Debt, 1/16/2024 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 5.50% | [3],[4],[12],[31] | 5.50% | [6],[7],[10],[25] | ||
Interest rate, floor | 1% | [3],[4],[12],[31] | 1% | [6],[7],[10],[25] | ||
Principal amount | $ 26,702 | [3],[9],[12],[31] | $ 26,824 | [6],[10],[25] | ||
Investments, cost | 26,666 | [3],[12],[31] | 26,782 | [6],[10],[25] | ||
Investments, at fair value: | $ 26,702 | [3],[12],[31] | $ 26,824 | [6],[10],[25] | ||
Investment, Identifier [Axis]: CircusTrix Holdings, LLC., Senior Secured First Lien Debt, 1/16/2024 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 5.50% | [4],[12],[31] | 5.50% | [7],[10],[25] | ||
Interest rate, floor | 1% | [4],[12],[31] | 1% | [7],[10],[25] | ||
Principal amount | $ 2,719 | [9],[12],[31] | $ 2,737 | [10],[25] | ||
Investments, cost | 2,697 | [12],[31] | 2,715 | [10],[25] | ||
Investments, at fair value: | $ 2,719 | [12],[31] | $ 2,737 | [10],[25] | ||
Investment, Identifier [Axis]: CircusTrix Holdings, LLC., Senior Secured First Lien Debt, 1/16/2024 Maturity, 3 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [7],[10],[25] | 5.50% | ||||
Interest rate, floor | [7],[10],[25] | 1% | ||||
Principal amount | [10],[25] | $ 1,560 | ||||
Investments, cost | [10],[25] | 1,525 | ||||
Investments, at fair value: | [10],[25] | $ 1,862 | ||||
Investment, Identifier [Axis]: CircusTrix Holdings, LLC., Senior Secured First Lien Debt, 7/16/2023 Maturity, 3 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [4],[12],[31] | 5.50% | ||||
Interest rate, floor | [4],[12],[31] | 1% | ||||
Principal amount | [9],[12],[31] | $ 753 | ||||
Investments, cost | [12],[31] | 751 | ||||
Investments, at fair value: | [12],[31] | $ 902 | ||||
Investment, Identifier [Axis]: Community Tree Service, LLC., Senior Secured First Lien Debt, 6/17/2027 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 11% | [4],[5],[12] | 8.50% | [7],[8] | ||
Interest rate, floor | 1% | [4],[5],[12] | 1% | [7],[8] | ||
Principal amount | $ 11,513 | [5],[9],[12] | $ 12,469 | [8] | ||
Investments, cost | 11,513 | [5],[12] | 12,469 | [8] | ||
Investments, at fair value: | $ 11,312 | [5],[12] | $ 12,219 | [8] | ||
Investment, Identifier [Axis]: Country Fresh Holdings, LLC., Senior Secured First Lien Debt, 4/29/2023 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 6% | [4],[22],[29] | 5% | [7],[11],[28] | ||
Interest rate, floor | 1% | [4],[22],[29] | 1% | [7],[11],[28] | ||
Principal amount | $ 844 | [9],[22],[29] | $ 877 | [11],[28] | ||
Investments, cost | 663 | [22],[29] | 765 | [11],[28] | ||
Investments, at fair value: | $ 60 | [22],[29] | $ 92 | [11],[28] | ||
Investment, Identifier [Axis]: Country Fresh Holdings, LLC., Senior Secured First Lien Debt, 4/29/2023 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 6% | [4],[22],[29] | 5% | [7],[11],[28] | ||
Interest rate, floor | 1% | [4],[22],[29] | 1% | [7],[11],[28] | ||
Principal amount | $ 342 | [9],[22],[29] | $ 355 | [11],[28] | ||
Investments, cost | 276 | [22],[29] | 316 | [11],[28] | ||
Investments, at fair value: | $ 24 | [22],[29] | $ 37 | [11],[28] | ||
Investment, Identifier [Axis]: Coyote Buyer, LLC., Senior Secured First Lien Debt, 2/6/2025 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 6% | [3],[4],[5],[12] | 6% | [6],[7],[10],[11] | ||
Interest rate, floor | 1% | [3],[4],[5],[12] | 1% | [6],[7],[10],[11] | ||
Principal amount | $ 33,863 | [3],[5],[9],[12] | $ 34,038 | [6],[10],[11] | ||
Investments, cost | 33,729 | [3],[5],[12] | 33,861 | [6],[10],[11] | ||
Investments, at fair value: | $ 33,524 | [3],[5],[12] | $ 33,612 | [6],[10],[11] | ||
Investment, Identifier [Axis]: Coyote Buyer, LLC., Senior Secured First Lien Debt, 2/6/2025 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 6% | [4],[5] | 8% | [6],[7],[11] | ||
Interest rate, floor | 1% | [4],[5] | 1% | [6],[7],[11] | ||
Principal amount | $ 1,000 | [5],[9] | $ 6,125 | [6],[11] | ||
Investments, cost | 1,000 | [5] | 6,041 | [6],[11] | ||
Investments, at fair value: | 990 | [5] | 6,125 | [6],[11] | ||
Investment, Identifier [Axis]: Coyote Buyer, LLC., Senior Secured First Lien Debt, 2/6/2025 Maturity, 3 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | 1,500 | [9] | 2,500 | |||
Investments, cost | 0 | 0 | ||||
Investments, at fair value: | $ (15) | $ (31) | ||||
Investment, Identifier [Axis]: Coyote Buyer, LLC., Senior Secured First Lien Debt, 8/6/2026 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [3],[4],[5] | 8% | ||||
Interest rate, floor | [3],[4],[5] | 1% | ||||
Principal amount | [3],[5],[9] | $ 6,094 | ||||
Investments, cost | [3],[5] | 6,020 | ||||
Investments, at fair value: | [3],[5] | $ 6,094 | ||||
Investment, Identifier [Axis]: Critical Nurse Staffing, LLC., Senior Secured First Lien Debt, 11/1/2026 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 5.75% | [4],[5],[12] | 6% | [7],[10],[11] | ||
Interest rate, floor | 1% | [4],[5],[12] | 1% | [7],[10],[11] | ||
Principal amount | $ 12,863 | [5],[9],[12] | $ 12,928 | [10],[11] | ||
Investments, cost | 12,863 | [5],[12] | 12,928 | [10],[11] | ||
Investments, at fair value: | $ 12,863 | [5],[12] | $ 12,928 | [10],[11] | ||
Investment, Identifier [Axis]: Critical Nurse Staffing, LLC., Senior Secured First Lien Debt, 11/1/2026 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 5.75% | [4],[5],[12] | 6% | [7],[11] | ||
Interest rate, floor | 1% | [4],[5],[12] | 1% | [7],[11] | ||
Principal amount | $ 994 | [5],[9],[12] | $ 999 | [11] | ||
Investments, cost | 994 | [5],[12] | 999 | [11] | ||
Investments, at fair value: | $ 994 | [5],[12] | $ 999 | [11] | ||
Investment, Identifier [Axis]: Critical Nurse Staffing, LLC., Senior Secured First Lien Debt, 11/1/2026 Maturity, 3 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 5.75% | [4],[5] | 6% | [7],[25] | ||
Interest rate, floor | 1% | [4],[5] | 1% | [7],[25] | ||
Principal amount | $ 460 | [5],[9] | $ 300 | [25] | ||
Investments, cost | 460 | [5] | 300 | [25] | ||
Investments, at fair value: | 460 | [5] | 300 | [25] | ||
Investment, Identifier [Axis]: Critical Nurse Staffing, LLC., Senior Secured First Lien Debt, 11/1/2026 Maturity, 4 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | 4,899 | [9] | 4,899 | |||
Investments, cost | 0 | 0 | ||||
Investments, at fair value: | 0 | 0 | ||||
Investment, Identifier [Axis]: Critical Nurse Staffing, LLC., Senior Secured First Lien Debt, 11/1/2026 Maturity, 5 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | 540 | [9] | 700 | |||
Investments, cost | 0 | 0 | ||||
Investments, at fair value: | $ 0 | $ 0 | ||||
Investment, Identifier [Axis]: DBI Investors, Inc., Common Stock., Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | 39,423 | [9],[18] | 39,423 | [20] | ||
Investments, cost | $ 0 | [18] | $ 0 | [20] | ||
Investments, at fair value: | $ 0 | [18] | $ 0 | [20] | ||
Investment, Identifier [Axis]: DBI Investors, Inc., Reallocation Rights., Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | 7,500 | [9],[18] | 7,500 | [20] | ||
Investments, cost | $ 0 | [18] | $ 0 | [20] | ||
Investments, at fair value: | $ 0 | [18] | $ 0 | [20] | ||
Investment, Identifier [Axis]: DBI Investors, Inc., Series A Preferred Stock., Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | 1,396 | [9],[18] | 1,396 | [20] | ||
Investments, cost | $ 140 | [18] | $ 140 | [20] | ||
Investments, at fair value: | $ 0 | [18] | $ 2 | [20] | ||
Investment, Identifier [Axis]: DBI Investors, Inc., Series A1 Preferred Stock., Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | 20,000 | [9],[18] | 20,000 | [20] | ||
Investments, cost | $ 802 | [18] | $ 802 | [20] | ||
Investments, at fair value: | $ 0 | [18] | $ 28 | [20] | ||
Investment, Identifier [Axis]: DBI Investors, Inc., Series A2 Preferred Stock., Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | 1,733 | [9],[18] | 1,733 | [20] | ||
Investments, cost | $ 0 | [18] | $ 0 | [20] | ||
Investments, at fair value: | $ 0 | [18] | $ 2 | [20] | ||
Investment, Identifier [Axis]: DBI Investors, Inc., Series B Preferred Stock., Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | 4,183 | [9],[18] | 4,183 | [20] | ||
Investments, cost | $ 410 | [18] | $ 410 | [20] | ||
Investments, at fair value: | 0 | [18] | 2 | [20] | ||
Investment, Identifier [Axis]: DESG Holdings, Inc., First Lien Term Loan, Non-Controlled, Affiliated Investments | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, at fair value: | $ 130 | 246 | 1,787 | |||
Investment, Identifier [Axis]: DESG Holdings, Inc., Second Lien Term Loan, Non-Controlled, Affiliated Investments | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, at fair value: | $ 0 | 0 | ||||
Investment, Identifier [Axis]: DMT Solutions Global Corp., Senior Secured First Lien Debt, 7/2/2024 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 7.50% | [3],[4],[34] | 7.50% | [6],[7],[35] | ||
Interest rate, floor | 1% | [3],[4],[34] | 1% | [6],[7],[35] | ||
Principal amount | $ 3,846 | [3],[9],[34] | $ 3,974 | [6],[35] | ||
Investments, cost | 3,825 | [3],[34] | 3,942 | [6],[35] | ||
Investments, at fair value: | 3,808 | [3],[34] | 3,766 | [6],[35] | ||
Investment, Identifier [Axis]: DMT Solutions Global Corp., Senior Secured First Lien Debt, 7/2/2024 Maturity, 3 Month LIBOR | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | 1,750 | 2,096 | ||||
Investment, Identifier [Axis]: DMT Solutions Global Corp., Senior Secured First Lien Debt, 7/2/2024 Maturity, 6 Month LIBOR | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | $ 2,096 | $ 1,943 | ||||
Investment, Identifier [Axis]: David's Bridal, LLC., Senior Secured First Lien Debt, 12/23/2024 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [4],[21],[22],[29],[36] | 10% | ||||
Interest rate, floor | [4],[21],[22],[29],[36] | 1% | ||||
Principal amount | [9],[21],[22],[29],[36] | $ 6,014 | ||||
Investments, cost | [21],[22],[29],[36] | 5,457 | ||||
Investments, at fair value: | [21],[22],[29],[36] | $ 0 | ||||
Investment, Identifier [Axis]: David's Bridal, LLC., Senior Secured First Lien Debt, 12/31/2024 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [4],[21],[22],[29],[36] | 7% | ||||
Interest rate, floor | [4],[21],[22],[29],[36] | 1% | ||||
Principal amount | [9],[21],[22],[29],[36] | $ 865 | ||||
Investments, cost | [21],[22],[29],[36] | 793 | ||||
Investments, at fair value: | [21],[22],[29],[36] | $ 0 | ||||
Investment, Identifier [Axis]: David's Bridal, LLC., Senior Secured First Lien Debt, 12/31/2024 Maturity, 4 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [7],[23],[25],[28] | 7% | ||||
Interest rate, floor | [7],[23],[25],[28] | 1% | ||||
Principal amount | [23],[25],[28] | $ 845 | ||||
Investments, cost | [23],[25],[28] | 795 | ||||
Investments, at fair value: | [23],[25],[28] | $ 51 | ||||
Investment, Identifier [Axis]: David's Bridal, LLC., Senior Secured First Lien Debt, 5/23/2024 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 11% | [4],[12],[21],[22],[29],[36] | 10% | [7],[10],[11],[23] | ||
Interest rate, floor | [7],[10],[11],[23] | 1% | ||||
Principal amount | $ 13,331 | [9],[12],[21],[22],[29],[36] | $ 13,000 | [10],[11],[23] | ||
Investments, cost | 12,419 | [12],[21],[22],[29],[36] | 12,744 | [10],[11],[23] | ||
Investments, at fair value: | $ 10,798 | [12],[21],[22],[29],[36] | $ 13,130 | [10],[11],[23] | ||
Investment, Identifier [Axis]: David's Bridal, LLC., Senior Secured First Lien Debt, 5/23/2024 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 11% | [4],[12],[21],[22],[29],[36] | 10% | [7],[11],[23] | ||
Interest rate, floor | [7],[11],[23] | 1% | ||||
Principal amount | $ 5,491 | [9],[12],[21],[22],[29],[36] | $ 5,357 | [11],[23] | ||
Investments, cost | 5,426 | [12],[21],[22],[29],[36] | 5,357 | [11],[23] | ||
Investments, at fair value: | 4,448 | [12],[21],[22],[29],[36] | $ 5,210 | [11],[23] | ||
Investment, Identifier [Axis]: David's Bridal, LLC., Senior Secured First Lien Debt, 5/23/2024 Maturity, 3 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [7],[11],[23] | 10% | ||||
Interest rate, floor | [7],[11],[23] | 1% | ||||
Principal amount | [11],[23] | $ 5,936 | ||||
Investments, cost | [11],[23] | 5,717 | ||||
Investments, at fair value: | [11],[23] | 2,256 | ||||
Investment, Identifier [Axis]: Delayed Draw First Lien Term Loan, Non-Controlled, Affiliated Investments | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, at fair value: | $ 0 | $ 156 | ||||
Investment, Identifier [Axis]: Deluxe Entertainment Services, Inc., Senior Secured First Lien Debt, 3/25/2024 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 6.50% | [4],[12],[17],[21],[22],[29] | 6.50% | [7],[10],[11],[19],[23],[28] | ||
Interest rate, floor | 1% | [4],[12],[17],[21],[22],[29] | 1% | [7],[10],[11],[19],[23],[28] | ||
Principal amount | $ 2,603 | [9],[12],[17],[21],[22],[29] | $ 2,664 | [10],[11],[19],[23],[28] | ||
Investments, cost | 2,542 | [12],[17],[21],[22],[29] | 2,624 | [10],[11],[19],[23],[28] | ||
Investments, at fair value: | 130 | [12],[17],[21],[22],[29] | 246 | [10],[11],[19],[23],[28] | ||
Investment, Identifier [Axis]: Dermcare Management, LLC., Senior Secured First Lien Debt, 10/22/2023 Maturity, 4 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | 698 | [9] | 698 | |||
Investments, cost | 0 | 0 | ||||
Investments, at fair value: | $ 0 | $ (4) | ||||
Investment, Identifier [Axis]: Dermcare Management, LLC., Senior Secured First Lien Debt, 4/22/2028 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 6% | [4],[12],[31] | 6% | [7],[10],[30] | ||
Interest rate, floor | 1% | [4],[12],[31] | 1% | [7],[10],[30] | ||
Principal amount | $ 9,309 | [9],[12],[31] | $ 9,356 | [10],[30] | ||
Investments, cost | 9,147 | [12],[31] | 9,178 | [10],[30] | ||
Investments, at fair value: | $ 9,309 | [12],[31] | $ 9,297 | [10],[30] | ||
Investment, Identifier [Axis]: Dermcare Management, LLC., Senior Secured First Lien Debt, 4/22/2028 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 6% | [4],[12],[31] | 6% | [7],[30] | ||
Interest rate, floor | 1% | [4],[12],[31] | 1% | [7],[30] | ||
Principal amount | $ 3,523 | [9],[12],[31] | $ 3,540 | [30] | ||
Investments, cost | 3,447 | [12],[31] | 3,458 | [30] | ||
Investments, at fair value: | $ 3,523 | [12],[31] | $ 3,518 | [30] | ||
Investment, Identifier [Axis]: Dermcare Management, LLC., Senior Secured First Lien Debt, 4/22/2028 Maturity, 3 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 6% | [4] | 5% | [7] | ||
Principal amount | $ 358 | [9] | $ 179 | |||
Investments, cost | 358 | 179 | ||||
Investments, at fair value: | 358 | 178 | ||||
Investment, Identifier [Axis]: Dermcare Management, LLC., Senior Secured First Lien Debt, 4/22/2028 Maturity, 5 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | 985 | [9] | 1,164 | |||
Investments, cost | 0 | 0 | ||||
Investments, at fair value: | $ 0 | $ (7) | ||||
Investment, Identifier [Axis]: Emerald Technologies (U.S.) Acquisitionco, Inc.., Senior Secured First Lien Debt, 12/29/2027 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 6.25% | [3],[4],[31] | 6.25% | [6],[7],[30] | ||
Interest rate, floor | 1% | [3],[4],[31] | 1% | [6],[7],[30] | ||
Principal amount | $ 2,906 | [3],[9],[31] | $ 2,944 | [6],[30] | ||
Investments, cost | 2,859 | [3],[31] | 2,891 | [6],[30] | ||
Investments, at fair value: | 2,805 | [3],[31] | 2,794 | [6],[30] | ||
Investment, Identifier [Axis]: Entertainment Studios P&A LLC., Senior Secured First Lien Debt, 5/18/2037 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | [9],[37] | 0 | ||||
Investments, cost | [37] | 0 | ||||
Investments, at fair value: | [37] | $ 1,045 | ||||
Investment, Identifier [Axis]: Entertainment Studios P&A LLC., Senior Secured First Lien Debt, 5/18/2037 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | [38] | 0 | ||||
Investments, cost | [38] | 0 | ||||
Investments, at fair value: | [38] | $ 1,654 | ||||
Investment, Identifier [Axis]: Entertainment Studios P&A LLC., Senior Secured First Lien Debt, 9/28/2027 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate, floor | [4],[5],[12] | 1% | ||||
Principal amount | [5],[9],[12] | $ 23,049 | ||||
Investments, cost | [5],[12] | 22,965 | ||||
Investments, at fair value: | [5],[12] | $ 23,049 | ||||
Investment, Identifier [Axis]: Entertainment Studios P&A LLC., Senior Secured First Lien Debt, 9/28/2027 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate, floor | [7],[8],[10],[11] | 1% | ||||
Principal amount | [8],[10],[11] | $ 24,000 | ||||
Investments, cost | [8],[10],[11] | 23,907 | ||||
Investments, at fair value: | [8],[10],[11] | $ 23,940 | ||||
Investment, Identifier [Axis]: FWS Parent Holdings, LLC, Class A Membership Interests, Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | [9],[18] | 35,242 | ||||
Investments, cost | [18] | $ 800 | ||||
Investments, at fair value: | [18] | 467 | ||||
Investment, Identifier [Axis]: FWS Parent Holdings, LLC. Class A Membership Interests, Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | [20] | 35,242 | ||||
Investments, cost | [20] | $ 800 | ||||
Investments, at fair value: | [20] | 742 | ||||
Investment, Identifier [Axis]: First American Treasury Obligations Fund, Class Z Shares | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, cost | 1,443 | |||||
Investments, at fair value: | 1,443 | |||||
Investment, Identifier [Axis]: First American Treasury Obligations Fund, Class Z Shares, Short Term Investments | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, cost | 100,771 | |||||
Investments, at fair value: | $ 100,771 | |||||
Investment, Identifier [Axis]: First American Treasury Obligations Fund., Short Term Investments | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, cost | 10,869 | |||||
Investments, at fair value: | $ 10,869 | |||||
Investment, Identifier [Axis]: Flatworld Intermediate Corp., Senior Secured First Lien Debt, 10/3/2027 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [6],[7],[30] | 6% | ||||
Interest rate, floor | [6],[7],[30] | 1% | ||||
Principal amount | [6],[30] | $ 25,135 | ||||
Investments, cost | [6],[30] | 25,135 | ||||
Investments, at fair value: | [6],[30] | 25,135 | ||||
Investment, Identifier [Axis]: Flatworld Intermediate Corp., Senior Secured First Lien Debt, 10/3/2027 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | 5,865 | |||||
Investments, cost | 0 | |||||
Investments, at fair value: | $ 0 | |||||
Investment, Identifier [Axis]: Flatworld Intermediate Corp.., Senior Secured First Lien Debt, 10/3/2027 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [3],[4],[5] | 6.50% | ||||
Interest rate, floor | [3],[4],[5] | 1% | ||||
Principal amount | [3],[5],[9] | $ 25,009 | ||||
Investments, cost | [3],[5] | 25,009 | ||||
Investments, at fair value: | [3],[5] | 25,197 | ||||
Investment, Identifier [Axis]: Flatworld Intermediate Corp.., Senior Secured First Lien Debt, 10/3/2027 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | [9] | 5,865 | ||||
Investments, cost | 0 | |||||
Investments, at fair value: | $ 44 | |||||
Investment, Identifier [Axis]: Florida Food Products, LLC, 10/18/2028 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [4] | 5% | ||||
Interest rate, floor | [4] | 0.75% | ||||
Principal amount | [9] | $ 2,244 | ||||
Investments, cost | 1,863 | |||||
Investments, at fair value: | $ 1,930 | |||||
Investment, Identifier [Axis]: FuseFX, LLC., Senior Secured First Lien Debt, 10/1/2024 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 6% | [3],[4],[5],[12] | 5.75% | [6],[7],[10],[25] | ||
Interest rate, floor | 1% | [3],[4],[5],[12] | 1% | [6],[7],[10],[25] | ||
Principal amount | $ 19,693 | [3],[5],[9],[12] | $ 19,795 | [6],[10],[25] | ||
Investments, cost | 19,610 | [3],[5],[12] | 19,663 | [6],[10],[25] | ||
Investments, at fair value: | $ 19,398 | [3],[5],[12] | $ 19,647 | [6],[10],[25] | ||
Investment, Identifier [Axis]: Fusion Connect Inc., Senior Secured First Lien Debt, 1/18/2027 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 8.50% | [4],[5],[12],[21] | 8.50% | [7],[10],[11],[23] | ||
Interest rate, floor | 1% | [4],[5],[12],[21] | 1% | [7],[10],[11],[23] | ||
Principal amount | $ 19,540 | [5],[9],[12],[21] | $ 19,626 | [10],[11],[23] | ||
Investments, cost | 19,113 | [5],[12],[21] | 19,141 | [10],[11],[23] | ||
Investments, at fair value: | $ 19,540 | [5],[12],[21] | $ 19,626 | [10],[11],[23] | ||
Investment, Identifier [Axis]: Future Pak, LLC., Senior Secured First Lien Debt, 7/2/2024 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 10% | [4],[12],[31] | 10% | [7],[10],[25] | ||
Interest rate, floor | 2% | [4],[12],[31] | 2% | [7],[10],[25] | ||
Principal amount | $ 20,128 | [9],[12],[31] | $ 24,169 | [10],[25] | ||
Investments, cost | 20,128 | [12],[31] | 24,169 | [10],[25] | ||
Investments, at fair value: | 20,128 | [12],[31] | 23,776 | [10],[25] | ||
Investment, Identifier [Axis]: GSC Technologies Inc., Common Shares, Non-Controlled, Affiliated Investments | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, at fair value: | $ 0 | $ 0 | 0 | |||
Investment, Identifier [Axis]: GSC Technologies Inc., Common Shares., Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | 807,268 | [9],[17],[18] | 807,268 | [19],[20] | ||
Investments, cost | $ 0 | [17],[18] | $ 0 | [19],[20] | ||
Investments, at fair value: | 0 | [17],[18] | 0 | [19],[20] | ||
Investment, Identifier [Axis]: GSC Technologies Inc., First Lien Term Loan A, Non-Controlled, Affiliated Investments | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, at fair value: | 2,127 | 2,064 | 2,001 | |||
Investment, Identifier [Axis]: GSC Technologies Inc., First Lien Term Loan B, Non-Controlled, Affiliated Investments | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, at fair value: | 694 | 388 | 485 | |||
Investment, Identifier [Axis]: GSC Technologies Inc., Incremental Term Loan, Non-Controlled, Affiliated Investments | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, at fair value: | $ 0 | $ 154 | 170 | |||
Investment, Identifier [Axis]: GSC Technologies Inc., Senior Secured First Lien Debt, 9/30/2025 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 5% | [4],[17],[31] | 5% | [7],[19],[25] | ||
Interest rate, floor | 1% | [4],[17],[31] | 1% | [7],[19],[25] | ||
Principal amount | $ 2,404 | [9],[17],[31] | $ 2,404 | [19],[25] | ||
Investments, cost | 2,336 | [17],[31] | 2,322 | [19],[25] | ||
Investments, at fair value: | $ 2,127 | [17],[31] | $ 2,064 | [19],[25] | ||
Investment, Identifier [Axis]: GSC Technologies Inc., Senior Secured First Lien Debt, 9/30/2025 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 5% | [4],[17],[21],[31] | 5% | [7],[19],[23],[25] | ||
Interest rate, floor | 1% | [4],[17],[21],[31] | 1% | [7],[19],[23],[25] | ||
Principal amount | $ 957 | [9],[17],[21],[31] | $ 915 | [19],[23],[25] | ||
Investments, cost | 930 | [17],[21],[31] | 882 | [19],[23],[25] | ||
Investments, at fair value: | $ 694 | [17],[21],[31] | $ 388 | [19],[23],[25] | ||
Investment, Identifier [Axis]: GSC Technologies Inc., Senior Secured First Lien Debt, 9/30/2025 Maturity, 3 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [7],[11],[19],[23] | 10% | ||||
Interest rate, floor | [7],[11],[19],[23] | 1% | ||||
Principal amount | [11],[19],[23] | $ 154 | ||||
Investments, cost | [11],[19],[23] | 154 | ||||
Investments, at fair value: | [11],[19],[23] | $ 154 | ||||
Investment, Identifier [Axis]: Galaxy XV CLO Ltd. Class A Subordinated Notes., Collateralized Securities and Structured Products - Equity, 4/15/2025 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investment estimated yield | 19.30% | [4],[13],[14] | 19.30% | [15],[16] | ||
Principal amount | $ 4,000 | [9],[13],[14] | $ 4,000 | [15],[16] | ||
Investments, cost | 1,293 | [13],[14] | 1,441 | [15],[16] | ||
Investments, at fair value: | $ 1,033 | [13],[14] | $ 1,108 | [15],[16] | ||
Investment, Identifier [Axis]: Global Tel*Link Corp., Senior Secured Second Lien Debt, 11/29/2026 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 10% | [3],[4],[5] | 10% | [6],[7],[8] | ||
Interest rate, floor | 0% | [3],[4],[5] | 0% | [6],[7],[8] | ||
Principal amount | $ 11,500 | [3],[5],[9] | $ 11,500 | [6],[8] | ||
Investments, cost | 11,393 | [3],[5] | 11,378 | [6],[8] | ||
Investments, at fair value: | $ 11,428 | [3],[5] | $ 11,414 | [6],[8] | ||
Investment, Identifier [Axis]: Gold Medal Holdings, Inc., Senior Secured First Lien Debt, 3/17/2027 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 7% | [4],[5],[12] | 7% | [7],[8],[10] | ||
Interest rate, floor | 1% | [4],[5],[12] | 1% | [7],[8],[10] | ||
Principal amount | $ 14,722 | [5],[9],[12] | $ 14,759 | [8],[10] | ||
Investments, cost | 14,606 | [5],[12] | 14,628 | [8],[10] | ||
Investments, at fair value: | $ 14,722 | [5],[12] | $ 14,575 | [8],[10] | ||
Investment, Identifier [Axis]: H.W. Lochner, Inc., Senior Secured First Lien Debt, 7/2/2027 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 6.75% | [4],[5],[12] | 5.75% | [7],[10],[11] | ||
Interest rate, floor | 1% | [4],[5],[12] | 1% | [7],[10],[11] | ||
Principal amount | $ 10,373 | [5],[9],[12] | $ 8,850 | [10],[11] | ||
Investments, cost | 11,612 | [5],[12] | 8,779 | [10],[11] | ||
Investments, at fair value: | $ 10,463 | [5],[12] | $ 8,850 | [10],[11] | ||
Investment, Identifier [Axis]: H.W. Lochner, Inc., Senior Secured First Lien Debt, 7/2/2027 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 6.25% | [4],[5],[12] | 6.75% | [7],[8],[10] | ||
Interest rate, floor | 1% | [4],[5],[12] | 1% | [7],[8],[10] | ||
Principal amount | $ 8,805 | [5],[9],[12] | $ 7,457 | [8],[10] | ||
Investments, cost | 7,221 | [5],[12] | 7,234 | [8],[10] | ||
Investments, at fair value: | $ 8,827 | [5],[12] | $ 7,233 | [8],[10] | ||
Investment, Identifier [Axis]: H.W. Lochner, Inc., Senior Secured First Lien Debt, 7/2/2027 Maturity, 3 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 6.25% | [4],[5] | 5.75% | [7],[11] | ||
Interest rate, floor | 1% | [4],[5] | 1% | [7],[11] | ||
Principal amount | $ 775 | [5],[9] | $ 775 | [11] | ||
Investments, cost | 765 | [5] | 765 | [11] | ||
Investments, at fair value: | 777 | [5] | 775 | [11] | ||
Investment, Identifier [Axis]: H.W. Lochner, Inc., Senior Secured First Lien Debt, 7/2/2027 Maturity, 4 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | 225 | [9] | 225 | |||
Investments, cost | 0 | 0 | ||||
Investments, at fair value: | $ 1 | $ 0 | ||||
Investment, Identifier [Axis]: HUMC Holdco, LLC., Senior Secured First Lien Debt, 11/4/2023 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [7],[8],[10] | 8% | ||||
Interest rate, floor | 3% | [4],[12],[22] | 3% | [7],[8],[10] | ||
Principal amount | $ 7,805 | [9],[12],[22] | $ 7,933 | [8],[10] | ||
Investments, cost | 7,805 | [12],[22] | 7,933 | [8],[10] | ||
Investments, at fair value: | $ 7,805 | [12],[22] | $ 7,933 | [8],[10] | ||
Investment, Identifier [Axis]: HW Acquisition, LLC., Senior Secured First Lien Debt, 9/28/2026 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 5% | [4],[12] | 5% | [7] | ||
Principal amount | $ 18,781 | [9],[12] | $ 733 | |||
Investments, cost | 18,652 | [12] | 711 | |||
Investments, at fair value: | $ 15,165 | [12] | $ 686 | |||
Investment, Identifier [Axis]: HW Acquisition, LLC., Senior Secured First Lien Debt, 9/28/2026 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 5% | [4] | 5% | [7],[10] | ||
Principal amount | $ 733 | [9] | $ 18,876 | [10] | ||
Investments, cost | 714 | 18,725 | [10] | |||
Investments, at fair value: | 592 | 17,649 | [10] | |||
Investment, Identifier [Axis]: HW Acquisition, LLC., Senior Secured First Lien Debt, 9/28/2026 Maturity, 3 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | 2,200 | [9] | 2,200 | |||
Investments, cost | 0 | 0 | ||||
Investments, at fair value: | $ (424) | $ (143) | ||||
Investment, Identifier [Axis]: Harland Clarke Holdings Corp., Senior Secured First Lien Debt, 6/16/2026 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 7.75% | [4],[5],[12] | 7.75% | [7],[10],[11] | ||
Interest rate, floor | 1% | [4],[5],[12] | 1% | [7],[10],[11] | ||
Principal amount | $ 9,186 | [5],[9],[12] | $ 9,186 | [10],[11] | ||
Investments, cost | 9,180 | [5],[12] | 9,177 | [10],[11] | ||
Investments, at fair value: | $ 8,727 | [5],[12] | $ 7,625 | [10],[11] | ||
Investment, Identifier [Axis]: Heritage Power, LLC., Senior Secured First Lien Debt, 7/30/2026 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 5% | [4] | 6% | [7],[11] | ||
Interest rate, floor | [7],[11] | 1% | ||||
Principal amount | $ 8,622 | [9] | $ 8,622 | [11] | ||
Investments, cost | 6,979 | 6,837 | [11] | |||
Investments, at fair value: | $ 3,794 | $ 4,527 | [11] | |||
Investment, Identifier [Axis]: Hilliard, Martinez & Gonzales, LLP., Senior Secured First Lien Debt, 12/17/2023 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 12% | [4],[12],[21],[31] | 12% | [7],[10],[23],[25] | ||
Interest rate, floor | 2% | [4],[12],[21],[31] | 2% | [7],[10],[23],[25] | ||
Principal amount | $ 23,703 | [9],[12],[21],[31] | $ 21,798 | [10],[23],[25] | ||
Investments, cost | 23,681 | [12],[21],[31] | 21,736 | [10],[23],[25] | ||
Investments, at fair value: | $ 23,733 | [12],[21],[31] | $ 21,798 | [10],[23],[25] | ||
Investment, Identifier [Axis]: Hollander Intermediate LLC., Senior Secured First Lien Debt, 9/19/2026 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 8.75% | [4],[5],[12] | 8.75% | [7],[8],[10],[25] | ||
Interest rate, floor | 2% | [4],[5],[12] | 2% | [7],[8],[10],[25] | ||
Principal amount | $ 17,140 | [5],[9],[12] | $ 17,358 | [8],[10],[25] | ||
Investments, cost | 16,740 | [5],[12] | 16,915 | [8],[10],[25] | ||
Investments, at fair value: | 16,711 | [5],[12] | 16,794 | [8],[10],[25] | ||
Investment, Identifier [Axis]: Homer City Generation, L.P., Senior Secured First Lien Debt, 1/29/2023 Maturity, 3 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | [20] | 3,000 | ||||
Investments, cost | [20] | 0 | ||||
Investments, at fair value: | [20] | 0 | ||||
Investment, Identifier [Axis]: Homer City Generation, L.P., Senior Secured First Lien Debt, 10/1/2024 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | [9],[12],[21],[29] | 12,222 | ||||
Investments, cost | [12],[21],[29] | 12,024 | ||||
Investments, at fair value: | [12],[21],[29] | 8,128 | ||||
Investment, Identifier [Axis]: Homer City Generation, L.P., Senior Secured First Lien Debt, 4/5/2023 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | [10],[23] | 11,782 | ||||
Investments, cost | [10],[23] | 12,078 | ||||
Investments, at fair value: | [10],[23] | 9,308 | ||||
Investment, Identifier [Axis]: Homer City Generation, L.P., Senior Secured First Lien Debt, 5/31/2023 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | 1,000 | |||||
Investments, cost | 1,000 | |||||
Investments, at fair value: | $ 1,000 | |||||
Investment, Identifier [Axis]: Homer City Generation, L.P., Senior Secured First Lien Debt, 5/31/2023 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | [9],[21] | 1,000 | ||||
Investments, cost | [21] | 1,000 | ||||
Investments, at fair value: | [21] | $ 1,015 | ||||
Investment, Identifier [Axis]: Hudson Hospital Opco, LLC, Senior Secured First Lien Debt, 11/4/2024 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [6],[7],[8],[10] | 8% | ||||
Interest rate, floor | [6],[7],[8],[10] | 3% | ||||
Principal amount | [6],[8],[10] | $ 1,700 | ||||
Investments, cost | [6],[8],[10] | 1,667 | ||||
Investments, at fair value: | [6],[8],[10] | $ 1,673 | ||||
Investment, Identifier [Axis]: Hudson Hospital Opco, LLC., Senior Secured First Lien Debt, 11/4/2023 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [3],[4],[12],[31] | 8% | ||||
Interest rate, floor | [3],[4],[12],[31] | 3% | ||||
Principal amount | [3],[9],[12],[31] | $ 2,186 | ||||
Investments, cost | [3],[12],[31] | 2,149 | ||||
Investments, at fair value: | [3],[12],[31] | $ 2,169 | ||||
Investment, Identifier [Axis]: ICA Foam Holdings, LLC, Senior Secured First Lien Debt, 11/5/2025 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [7],[8],[10] | 6.75% | ||||
Interest rate, floor | [7],[8],[10] | 1% | ||||
Principal amount | [8],[10] | $ 19,950 | ||||
Investments, cost | [8],[10] | 19,567 | ||||
Investments, at fair value: | [8],[10] | $ 19,551 | ||||
Investment, Identifier [Axis]: ICA Foam Holdings, LLC., Senior Secured First Lien Debt, 11/5/2025 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [4],[5],[12] | 7.25% | ||||
Interest rate, floor | [4],[5],[12] | 1% | ||||
Principal amount | [5],[9],[12] | $ 19,850 | ||||
Investments, cost | [5],[12] | 19,539 | ||||
Investments, at fair value: | [5],[12] | $ 19,453 | ||||
Investment, Identifier [Axis]: IJKG Opco LLC, Senior Secured First Lien Debt, 11/4/2023 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [6],[7],[8],[10] | 8% | ||||
Interest rate, floor | [6],[7],[8],[10] | 3% | ||||
Principal amount | [6],[8],[10] | $ 729 | ||||
Investments, cost | [6],[8],[10] | 714 | ||||
Investments, at fair value: | [6],[8],[10] | $ 718 | ||||
Investment, Identifier [Axis]: IJKG Opco LLC., Senior Secured First Lien Debt, 11/4/2023 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [3],[4],[12],[31] | 8% | ||||
Interest rate, floor | [3],[4],[12],[31] | 3% | ||||
Principal amount | [3],[9],[12],[31] | $ 1,457 | ||||
Investments, cost | [3],[12],[31] | 1,436 | ||||
Investments, at fair value: | [3],[12],[31] | $ 1,446 | ||||
Investment, Identifier [Axis]: INW Manufacturing, LLC., Senior Secured First Lien Debt, 3/25/2027 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 5.75% | [3],[4],[22] | 5.75% | [6],[7],[11] | ||
Interest rate, floor | 0.75% | [3],[4],[22] | 0.75% | [6],[7],[11] | ||
Principal amount | $ 18,250 | [3],[9],[22] | $ 18,750 | [6],[11] | ||
Investments, cost | 17,871 | [3],[22] | 18,317 | [6],[11] | ||
Investments, at fair value: | 16,813 | [3],[22] | 17,766 | [6],[11] | ||
Investment, Identifier [Axis]: IPP Buyer Holdings, LLC | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, at fair value: | $ 11,733 | $ 0 | ||||
Investment, Identifier [Axis]: IPP Buyer Holdings, LLC., Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | [9],[17],[18] | 8,888,354 | ||||
Investments, cost | [17],[18] | $ 10,740 | ||||
Investments, at fair value: | [17],[18] | $ 11,733 | ||||
Investment, Identifier [Axis]: Independent Pet Partners Intermediate Holdings, LLC, Class A Preferred Units., Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | [20] | 1,000,000 | ||||
Investments, cost | [20] | $ 1,000 | ||||
Investments, at fair value: | [20] | $ 60 | ||||
Investment, Identifier [Axis]: Independent Pet Partners Intermediate Holdings, LLC, Class B-2 Preferred Units., Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | [10],[20] | 2,632,771 | ||||
Investments, cost | [10],[20] | $ 2,133 | ||||
Investments, at fair value: | [10],[20] | $ 3,238 | ||||
Investment, Identifier [Axis]: Independent Pet Partners Intermediate Holdings, LLC, Class C Preferred Units., Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | [10],[20] | 2,632,771 | ||||
Investments, cost | [10],[20] | $ 2,633 | ||||
Investments, at fair value: | [10],[20] | $ 2,238 | ||||
Investment, Identifier [Axis]: Independent Pet Partners Intermediate Holdings, LLC, Warrants., Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | [20] | 155,880 | ||||
Investments, cost | [20] | $ 0 | ||||
Investments, at fair value: | [20] | 0 | ||||
Investment, Identifier [Axis]: Independent Pet Partners Intermediate Holdings, LLC., Senior Secured First Lien Debt, 11/20/2023 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | [23] | 10,934 | ||||
Investments, cost | [23] | 10,906 | ||||
Investments, at fair value: | [23] | $ 10,169 | ||||
Investment, Identifier [Axis]: Independent Pet Partners Intermediate Holdings, LLC., Senior Secured First Lien Debt, 2/27/2023 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [7],[23] | 5.50% | ||||
Principal amount | [23] | $ 2,238 | ||||
Investments, cost | [23] | 2,238 | ||||
Investments, at fair value: | [23] | $ 2,216 | ||||
Investment, Identifier [Axis]: Independent Pet Partners Intermediate Holdings, LLC., Senior Secured First Lien Debt, 2/27/2023 Maturity, 3 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [7],[11],[23] | 6.50% | ||||
Interest rate, floor | [7],[11],[23] | 0% | ||||
Principal amount | [11],[23] | $ 281 | ||||
Investments, cost | [11],[23] | 281 | ||||
Investments, at fair value: | [11],[23] | $ 278 | ||||
Investment, Identifier [Axis]: Independent Pet Partners Intermediate Holdings, LLC., Senior Secured First Lien Debt, 2/27/2023 Maturity, 4 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [7],[8],[23] | 10% | ||||
Interest rate, floor | [7],[8],[23] | 1% | ||||
Principal amount | [8],[23] | $ 473 | ||||
Investments, cost | [8],[23] | 459 | ||||
Investments, at fair value: | [8],[23] | $ 473 | ||||
Investment, Identifier [Axis]: Infogroup Inc., Senior Secured First Lien Debt, 4/3/2023 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [6],[7],[10],[11] | 5% | ||||
Interest rate, floor | [6],[7],[10],[11] | 1% | ||||
Principal amount | [6],[10],[11] | $ 15,270 | ||||
Investments, cost | [6],[10],[11] | 15,269 | ||||
Investments, at fair value: | [6],[10],[11] | $ 15,270 | ||||
Investment, Identifier [Axis]: Inotiv, Inc., Senior Secured First Lien Debt, 11/5/2026 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [4],[12],[26] | 6.75% | ||||
Interest rate, floor | [4],[12],[26] | 1% | ||||
Principal amount | [9],[12],[26] | $ 16,365 | ||||
Investments, cost | [12],[26] | 16,144 | ||||
Investments, at fair value: | [12],[26] | 15,793 | ||||
Investment, Identifier [Axis]: Inotiv, Inc., Senior Secured First Lien Debt, 11/5/2026 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [7],[10],[11] | 6.25% | ||||
Interest rate, floor | [7],[10],[11] | 1% | ||||
Principal amount | [10],[11] | $ 16,351 | ||||
Investments, cost | [10],[11] | 16,094 | ||||
Investments, at fair value: | [10],[11] | 15,738 | ||||
Investment, Identifier [Axis]: Instant Web Holdings, LLC, Class A Common Units, Non-Controlled, Affiliated Investments | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, at fair value: | $ 0 | $ 0 | 0 | |||
Investment, Identifier [Axis]: Instant Web Holdings, LLC, Class A Common Units., Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | 10,819 | [9],[17],[18] | 10,819 | [19],[20] | ||
Investments, cost | $ 0 | [17],[18] | $ 0 | [19],[20] | ||
Investments, at fair value: | 0 | [17],[18] | 0 | [19],[20] | ||
Investment, Identifier [Axis]: Instant Web, LLC, First Lien Delayed Draw Term Loan, Non-Controlled, Affiliated Investments | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, at fair value: | (89) | 0 | 0 | |||
Investment, Identifier [Axis]: Instant Web, LLC, First Lien Term Loan, Non-Controlled, Affiliated Investments | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, at fair value: | 25,349 | 28,167 | 0 | |||
Investment, Identifier [Axis]: Instant Web, LLC, Priming Term Loan, Non-Controlled, Affiliated Investments | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, at fair value: | 479 | 469 | 0 | |||
Investment, Identifier [Axis]: Instant Web, LLC, Revolving Loan, Non-Controlled, Affiliated Investments | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, at fair value: | $ 2,339 | $ 321 | 0 | |||
Investment, Identifier [Axis]: Instant Web, LLC., Senior Secured First Lien Debt, 2/25/2027 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 7% | [4],[17],[21],[31] | 7% | [6],[7],[10],[19],[23],[25] | ||
Interest rate, floor | 1% | [4],[17],[21],[31] | 1% | [6],[7],[10],[19],[23],[25] | ||
Principal amount | $ 42,249 | [9],[17],[21],[31] | $ 39,812 | [6],[10],[19],[23],[25] | ||
Investments, cost | 42,249 | [17],[21],[31] | 39,802 | [6],[10],[19],[23],[25] | ||
Investments, at fair value: | $ 25,349 | [17],[21],[31] | $ 28,167 | [6],[10],[19],[23],[25] | ||
Investment, Identifier [Axis]: Instant Web, LLC., Senior Secured First Lien Debt, 2/25/2027 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 6.50% | [4],[17],[21],[31] | 3.75% | [7],[19] | ||
Interest rate, floor | [4],[17],[21],[31] | 1% | ||||
Principal amount | $ 2,414 | [9],[17],[21],[31] | $ 458 | [19] | ||
Investments, cost | 2,414 | [17],[21],[31] | 458 | [19] | ||
Investments, at fair value: | $ 2,348 | [17],[21],[31] | $ 469 | [19] | ||
Investment, Identifier [Axis]: Instant Web, LLC., Senior Secured First Lien Debt, 2/25/2027 Maturity, 3 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 3.75% | [4],[17],[21] | 6.50% | [7],[11],[19] | ||
Interest rate, floor | [7],[11],[19] | 1% | ||||
Principal amount | $ 467 | [9],[17],[21] | $ 321 | [11],[19] | ||
Investments, cost | 467 | [17],[21] | 321 | [11],[19] | ||
Investments, at fair value: | 479 | [17],[21] | 321 | [11],[19] | ||
Investment, Identifier [Axis]: Instant Web, LLC., Senior Secured First Lien Debt, 2/25/2027 Maturity, 4 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | 328 | [9],[17] | 2,383 | [19] | ||
Investments, cost | 0 | [17] | 0 | [19] | ||
Investments, at fair value: | (9) | [17] | 0 | [19] | ||
Investment, Identifier [Axis]: Instant Web, LLC., Senior Secured First Lien Debt, 2/25/2027 Maturity, 5 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | 3,246 | [9],[17] | 3,246 | [19] | ||
Investments, cost | 0 | [17] | 0 | [19] | ||
Investments, at fair value: | $ (89) | [17] | $ 0 | [19] | ||
Investment, Identifier [Axis]: Invincible Boat Company LLC., Senior Secured First Lien Debt, 8/28/2025 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 6.50% | [4],[12],[22] | 6.50% | [7],[10],[11] | ||
Interest rate, floor | 1.50% | [4],[12],[22] | 1.50% | [7],[10],[11] | ||
Principal amount | $ 13,536 | [9],[12],[22] | $ 13,536 | [10],[11] | ||
Investments, cost | 13,464 | [12],[22] | 13,444 | [10],[11] | ||
Investments, at fair value: | $ 13,536 | [12],[22] | $ 13,469 | [10],[11] | ||
Investment, Identifier [Axis]: Invincible Boat Company LLC., Senior Secured First Lien Debt, 8/28/2025 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 6.50% | [4],[22] | 6.50% | [7],[11] | ||
Interest rate, floor | 1.50% | [4],[22] | 1.50% | [7],[11] | ||
Principal amount | $ 479 | [9],[22] | $ 239 | [11] | ||
Investments, cost | 479 | [22] | 239 | [11] | ||
Investments, at fair value: | 479 | [22] | 238 | [11] | ||
Investment, Identifier [Axis]: Invincible Boat Company LLC., Senior Secured First Lien Debt, 8/28/2025 Maturity, 3 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | 319 | [9] | 559 | |||
Investments, cost | 0 | 0 | ||||
Investments, at fair value: | $ 0 | $ (3) | ||||
Investment, Identifier [Axis]: Ironhorse Purchaser, LLC, Senior Secured First Lien Debt, 9/30/2027 Maturity 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [6],[7],[8] | 6.50% | ||||
Interest rate, floor | [6],[7],[8] | 1% | ||||
Principal amount | [6],[8] | $ 7,125 | ||||
Investments, cost | [6],[8] | 7,056 | ||||
Investments, at fair value: | [6],[8] | $ 7,054 | ||||
Investment, Identifier [Axis]: Ironhorse Purchaser, LLC, Senior Secured First Lien Debt, 9/30/2027 Maturity 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [7],[8] | 6.50% | ||||
Interest rate, floor | [7],[8] | 1% | ||||
Principal amount | [8] | $ 388 | ||||
Investments, cost | [8] | 380 | ||||
Investments, at fair value: | [8] | 384 | ||||
Investment, Identifier [Axis]: Ironhorse Purchaser, LLC, Senior Secured First Lien Debt, 9/30/2027 Maturity 3 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | 429 | |||||
Investments, cost | 0 | |||||
Investments, at fair value: | (4) | |||||
Investment, Identifier [Axis]: Ironhorse Purchaser, LLC, Senior Secured First Lien Debt, 9/30/2027 Maturity 4 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | 2,041 | |||||
Investments, cost | (20) | |||||
Investments, at fair value: | (20) | |||||
Investment, Identifier [Axis]: Ironhorse Purchaser, LLC., Senior Secured First Lien Debt, 9/30/2024 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [4],[5] | 6.50% | ||||
Interest rate, floor | [4],[5] | 1% | ||||
Principal amount | [5],[9] | $ 2,031 | ||||
Investments, cost | [5] | 2,014 | ||||
Investments, at fair value: | [5] | $ 2,031 | ||||
Investment, Identifier [Axis]: Ironhorse Purchaser, LLC., Senior Secured First Lien Debt, 9/30/2027 Maturity 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [3],[4],[5] | 6.50% | ||||
Interest rate, floor | [3],[4],[5] | 1% | ||||
Principal amount | [3],[5],[9] | $ 7,089 | ||||
Investments, cost | [3],[5] | 7,028 | ||||
Investments, at fair value: | [3],[5] | $ 7,089 | ||||
Investment, Identifier [Axis]: Ironhorse Purchaser, LLC., Senior Secured First Lien Debt, 9/30/2027 Maturity 3 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [4],[5] | 6.50% | ||||
Interest rate, floor | [4],[5] | 1% | ||||
Principal amount | [5],[9] | $ 517 | ||||
Investments, cost | [5] | 510 | ||||
Investments, at fair value: | [5] | $ 517 | ||||
Investment, Identifier [Axis]: Ironhorse Purchaser, LLC., Senior Secured First Lien Debt, 9/30/2027 Maturity 4 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [4] | 0.50% | ||||
Principal amount | [9] | $ 299 | ||||
Investments, cost | 0 | |||||
Investments, at fair value: | 0 | |||||
Investment, Identifier [Axis]: Isagenix International, LLC, First Lien Term Loan | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, at fair value: | $ 8,237 | $ 0 | ||||
Investment, Identifier [Axis]: Isagenix International, LLC., Senior Secured First Lien Debt, 4/14/2028 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [4],[5],[17] | 5.50% | ||||
Interest rate, floor | [4],[5],[17] | 1% | ||||
Principal amount | [5],[9],[17] | $ 8,237 | ||||
Investments, cost | [5],[17] | 8,237 | ||||
Investments, at fair value: | [5],[17] | 8,237 | ||||
Investment, Identifier [Axis]: Isagenix International, LLC., Senior Secured First Lien Debt, 6/14/2025 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [7],[10],[11] | 7.75% | ||||
Interest rate, floor | [7],[10],[11] | 1% | ||||
Principal amount | [10],[11] | $ 16,229 | ||||
Investments, cost | [10],[11] | 15,103 | ||||
Investments, at fair value: | [10],[11] | 13,774 | ||||
Investment, Identifier [Axis]: Isagenix Worldwide, Inc. | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, at fair value: | $ 8,987 | $ 0 | ||||
Investment, Identifier [Axis]: Isagenix Worldwide, Inc. Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | [9],[17],[18] | 601,941 | ||||
Investments, cost | [17],[18] | $ 8,987 | ||||
Investments, at fair value: | [17],[18] | $ 8,987 | ||||
Investment, Identifier [Axis]: JP Intermediate B, LLC., Senior Secured First Lien Debt, 11/20/2025 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [7],[10],[11] | 5.50% | ||||
Interest rate, floor | [7],[10],[11] | 1% | ||||
Principal amount | [10],[11] | $ 13,438 | ||||
Investments, cost | [10],[11] | 13,296 | ||||
Investments, at fair value: | [10],[11] | $ 9,809 | ||||
Investment, Identifier [Axis]: JP Intermediate B, LLC., Senior Secured First Lien Debt, 11/20/2027 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [4],[12],[22] | 5.50% | ||||
Interest rate, floor | [4],[12],[22] | 1% | ||||
Principal amount | [9],[12],[22] | $ 12,979 | ||||
Investments, cost | [12],[22] | 12,867 | ||||
Investments, at fair value: | [12],[22] | $ 10,091 | ||||
Investment, Identifier [Axis]: Jenny C Acquisition, Inc., Senior Secured First Lien Debt, 10/1/2024 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [7],[11],[28] | 9% | ||||
Interest rate, floor | [7],[11],[28] | 1.75% | ||||
Principal amount | [11],[28] | $ 11,789 | ||||
Investments, cost | [11],[28] | 11,745 | ||||
Investments, at fair value: | [11],[28] | $ 9,241 | ||||
Investment, Identifier [Axis]: Jenny C Acquisition, Inc., Senior Secured First Lien Debt, 10/1/2024 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [4],[22],[29] | 9% | ||||
Interest rate, floor | [4],[22],[29] | 1.75% | ||||
Principal amount | [9],[22],[29] | $ 11,789 | ||||
Investments, cost | [22],[29] | 11,745 | ||||
Investments, at fair value: | [22],[29] | $ 0 | ||||
Investment, Identifier [Axis]: Jenny C Acquisition, Inc., Senior Secured First Lien Debt, 10/1/2024 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [4],[29],[31] | 9% | ||||
Interest rate, floor | [4],[29],[31] | 1.75% | ||||
Principal amount | [9],[29],[31] | $ 534 | ||||
Investments, cost | [29],[31] | 534 | ||||
Investments, at fair value: | [29],[31] | $ 131 | ||||
Investment, Identifier [Axis]: K&N Holdco, LLC, Membership Units, Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | [9],[18] | 458,364 | ||||
Investments, cost | [18] | $ 8,356 | ||||
Investments, at fair value: | [18] | $ 6,880 | ||||
Investment, Identifier [Axis]: K&N Parent, Inc., Senior Secured First Lien Debt, 10/20/2023 Maturity 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [7],[11] | 6.75% | ||||
Interest rate, floor | [7],[11] | 1% | ||||
Principal amount | [11] | $ 13,090 | ||||
Investments, cost | [11] | 12,898 | ||||
Investments, at fair value: | [11] | $ 12,435 | ||||
Investment, Identifier [Axis]: K&N Parent, Inc., Senior Secured First Lien Debt, 2/14/2027 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [4],[12],[31] | 8% | ||||
Interest rate, floor | [4],[12],[31] | 1% | ||||
Principal amount | [9],[12],[31] | $ 4,252 | ||||
Investments, cost | [12],[31] | 4,108 | ||||
Investments, at fair value: | [12],[31] | $ 4,454 | ||||
Investment, Identifier [Axis]: K&N Parent, Inc., Senior Secured First Lien Debt, 2/15/2023 Maturity 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [7],[8] | 8% | ||||
Interest rate, floor | [7],[8] | 1% | ||||
Principal amount | [8] | $ 1,200 | ||||
Investments, cost | [8] | 1,152 | ||||
Investments, at fair value: | [8] | $ 1,220 | ||||
Investment, Identifier [Axis]: K&N Parent, Inc., Senior Secured First Lien Debt, 8/14/2027 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [4],[21],[31] | 5.25% | ||||
Interest rate, floor | [4],[21],[31] | 1% | ||||
Principal amount | [9],[21],[31] | $ 5,441 | ||||
Investments, cost | [21],[31] | 5,441 | ||||
Investments, at fair value: | [21],[31] | $ 5,427 | ||||
Investment, Identifier [Axis]: KNB Holdings Corp., Senior Secured First Lien Debt, 4/26/2024 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 5.50% | [4],[12],[29],[39] | 5.50% | [6],[7],[10],[27],[28] | ||
Interest rate, floor | 1% | [4],[12],[29],[39] | 1% | [6],[7],[10],[27],[28] | ||
Principal amount | $ 7,634 | [9],[12],[29],[39] | $ 7,634 | [6],[10],[27],[28] | ||
Investments, cost | 7,387 | [12],[29],[39] | 7,387 | [6],[10],[27],[28] | ||
Investments, at fair value: | $ 305 | [12],[29],[39] | $ 3,321 | [6],[10],[27],[28] | ||
Investment, Identifier [Axis]: Klein Hersh, LLC., Senior Secured First Lien Debt, 4/27/2027 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 11.30% | [4],[12],[21],[31] | 8.52% | [7],[10],[30] | ||
Interest rate, floor | 0.50% | [4],[12],[21],[31] | 0.50% | [7],[10],[30] | ||
Principal amount | $ 20,782 | [9],[12],[21],[31] | $ 19,766 | [10],[30] | ||
Investments, cost | 20,782 | [12],[21],[31] | 19,766 | [10],[30] | ||
Investments, at fair value: | $ 20,730 | [12],[21],[31] | $ 19,667 | [10],[30] | ||
Investment, Identifier [Axis]: LAV Gear Holdings, Inc., Senior Secured First Lien Debt, 10/31/2024 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 6.28% | [3],[4],[5],[12] | 5.50% | [6],[7],[8],[10] | ||
Interest rate, floor | 1% | [3],[4],[5],[12] | 1% | [6],[7],[8],[10] | ||
Principal amount | $ 27,722 | [3],[5],[9],[12] | $ 27,854 | [6],[8],[10] | ||
Investments, cost | 27,559 | [3],[5],[12] | 27,625 | [6],[8],[10] | ||
Investments, at fair value: | $ 27,662 | [3],[5],[12] | $ 27,366 | [6],[8],[10] | ||
Investment, Identifier [Axis]: LAV Gear Holdings, Inc., Senior Secured First Lien Debt, 10/31/2024 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 6.28% | [3],[4],[5],[12] | 5.50% | [6],[7],[8],[10] | ||
Interest rate, floor | 1% | [3],[4],[5],[12] | 1% | [6],[7],[8],[10] | ||
Principal amount | $ 4,548 | [3],[5],[9],[12] | $ 4,569 | [6],[8],[10] | ||
Investments, cost | 4,531 | [3],[5],[12] | 4,544 | [6],[8],[10] | ||
Investments, at fair value: | $ 4,542 | [3],[5],[12] | $ 4,489 | [6],[8],[10] | ||
Investment, Identifier [Axis]: LGC US Finco, LLC., Senior Secured First Lien Debt, 12/20/2025 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 6.50% | [4],[12],[24] | 6.50% | [7],[10],[25] | ||
Interest rate, floor | 1% | [4],[12],[24] | 1% | [7],[10],[25] | ||
Principal amount | $ 11,348 | [9],[12],[24] | $ 11,515 | [10],[25] | ||
Investments, cost | 11,139 | [12],[24] | 11,263 | [10],[25] | ||
Investments, at fair value: | $ 11,348 | [12],[24] | 11,184 | [10],[25] | ||
Investment, Identifier [Axis]: Language Education Holdings GP LLC, Common Units, Non-Controlled, Affiliated Investments | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, at fair value: | $ 0 | 0 | ||||
Investment, Identifier [Axis]: Language Education Holdings GP LLC, Common Units., Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | 366,667 | [9],[18] | 366,667 | [19],[20] | ||
Investments, cost | $ 0 | [18] | $ 0 | [19],[20] | ||
Investments, at fair value: | $ 0 | [18] | 0 | [19],[20] | ||
Investment, Identifier [Axis]: Language Education Holdings LP, Ordinary Common Units, Non-Controlled, Affiliated Investments | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, at fair value: | $ 0 | 0 | ||||
Investment, Identifier [Axis]: Language Education Holdings LP, Ordinary Common Units., Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | 366,667 | [9],[18] | 366,667 | [19],[20] | ||
Investments, cost | $ 825 | [18] | $ 825 | [19],[20] | ||
Investments, at fair value: | $ 1,360 | [18] | $ 1,173 | [19],[20] | ||
Investment, Identifier [Axis]: LaserAway Intermediate Holdings II, LLC., Senior Secured First Lien Debt, 10/12/2027 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [7],[10],[11] | 5.75% | ||||
Interest rate, floor | [7],[10],[11] | 0.75% | ||||
Principal amount | [10],[11] | $ 3,375 | ||||
Investments, cost | [10],[11] | 3,319 | ||||
Investments, at fair value: | [10],[11] | $ 3,316 | ||||
Investment, Identifier [Axis]: Lift Brands, Inc., Senior Secured First Lien Debt, 6/29/2025 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 7.50% | [3],[4],[12],[17],[31] | 7.50% | [6],[7],[10],[19],[25] | ||
Interest rate, floor | 1% | [3],[4],[12],[17],[31] | 1% | [6],[7],[10],[19],[25] | ||
Principal amount | $ 23,169 | [3],[9],[12],[17],[31] | $ 23,287 | [6],[10],[19],[25] | ||
Investments, cost | 23,169 | [3],[12],[17],[31] | 23,287 | [6],[10],[19],[25] | ||
Investments, at fair value: | 23,169 | [3],[12],[17],[31] | 23,287 | [6],[10],[19],[25] | ||
Investment, Identifier [Axis]: Lift Brands, Inc., Senior Secured First Lien Debt, 6/29/2025 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | 5,777 | [3],[9],[12],[17],[21] | 5,556 | [6],[10],[19] | ||
Investments, cost | 5,724 | [3],[12],[17],[21] | 5,490 | [6],[10],[19] | ||
Investments, at fair value: | 5,430 | [3],[12],[17],[21] | 5,154 | [6],[10],[19] | ||
Investment, Identifier [Axis]: Lift Brands, Inc., Senior Secured First Lien Debt, 6/29/2025 Maturity, 3 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | 6,602 | [3],[9],[12],[17],[21] | 5,296 | [6],[10],[19],[40] | ||
Investments, cost | 6,282 | [3],[12],[17],[21] | 4,947 | [6],[10],[19],[40] | ||
Investments, at fair value: | 6,016 | [3],[12],[17],[21] | 4,732 | [6],[10],[19],[40] | ||
Investment, Identifier [Axis]: Lift Brands, Inc., Term Loan A, Non-Controlled, Affiliated Investments | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, at fair value: | 23,169 | 23,287 | 23,406 | |||
Investment, Identifier [Axis]: Lift Brands, Inc., Term Loan B, Non-Controlled, Affiliated Investments | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, at fair value: | 5,430 | 5,154 | 5,156 | |||
Investment, Identifier [Axis]: Lift Brands, Inc., Term Loan C, Non-Controlled, Affiliated Investments | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, at fair value: | 6,016 | 4,732 | 4,700 | |||
Investment, Identifier [Axis]: Longview Intermediate Holdings C, LLC, Membership Units, Non-Controlled, Affiliated Investments | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, at fair value: | $ 21,680 | $ 23,995 | 15,127 | |||
Investment, Identifier [Axis]: Longview Intermediate Holdings C, LLC, Membership Units., Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | 653,989 | [9],[17] | 653,989 | [19],[20] | ||
Investments, cost | $ 2,704 | [17] | $ 2,704 | [19],[20] | ||
Investments, at fair value: | 21,680 | [17] | 23,995 | [19],[20] | ||
Investment, Identifier [Axis]: Longview Power, LLC, First Lien Term Loan, Non-Controlled, Affiliated Investments | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, at fair value: | 0 | $ 2,348 | 4,504 | |||
Investment, Identifier [Axis]: Longview Power, LLC., Senior Secured First Lien Debt, 7/30/2025 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [7],[11],[19] | 10% | ||||
Interest rate, floor | [7],[11],[19] | 1.50% | ||||
Principal amount | [11],[19] | $ 2,073 | ||||
Investments, cost | [11],[19] | 1,390 | ||||
Investments, at fair value: | [11],[19] | 2,348 | ||||
Investment, Identifier [Axis]: Lucky Bucks Holdings LLC., Unsecured Debt, 5/29/2028 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | 24,307 | [9],[21],[29] | 22,860 | [23] | ||
Investments, cost | 22,860 | [21],[29] | 22,860 | [23] | ||
Investments, at fair value: | $ 4,375 | [21],[29] | $ 15,316 | [23] | ||
Investment, Identifier [Axis]: Lucky Bucks Holdings LLC., Unsecured Debt, 7/30/2027 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [4],[24],[41] | 7.50% | ||||
Interest rate, floor | [4],[24],[41] | 0.75% | ||||
Principal amount | [9],[24],[41] | $ 10,500 | ||||
Investments, cost | [24],[41] | 4,200 | ||||
Investments, at fair value: | [24],[41] | $ 5,513 | ||||
Investment, Identifier [Axis]: MacNeill Pride Group Corp., Senior Secured First Lien Debt, 4/22/2026 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 6.50% | [4],[5],[12] | 6.25% | [7],[8],[10] | ||
Interest rate, floor | 1% | [4],[5],[12] | 1% | [7],[8],[10] | ||
Principal amount | $ 17,714 | [5],[9],[12] | $ 17,804 | [8],[10] | ||
Investments, cost | 17,635 | [5],[12] | 17,702 | [8],[10] | ||
Investments, at fair value: | $ 17,626 | [5],[12] | $ 17,448 | [8],[10] | ||
Investment, Identifier [Axis]: MacNeill Pride Group Corp., Senior Secured First Lien Debt, 4/22/2026 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 6.50% | [4],[5],[12] | 6.25% | [7],[8],[10] | ||
Interest rate, floor | 1% | [4],[5],[12] | 1% | [7],[8],[10] | ||
Principal amount | $ 6,539 | [5],[9],[12] | $ 7,910 | [8],[10] | ||
Investments, cost | 6,487 | [5],[12] | 7,836 | [8],[10] | ||
Investments, at fair value: | 6,506 | [5],[12] | 7,751 | [8],[10] | ||
Investment, Identifier [Axis]: MacNeill Pride Group Corp., Senior Secured First Lien Debt, 4/30/2024 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | [9] | 2,017 | ||||
Investments, cost | 0 | |||||
Investments, at fair value: | (10) | |||||
Investment, Identifier [Axis]: MacNeill Pride Group Corp., Senior Secured First Lien Debt, 4/30/2024 Maturity, 3 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | 2,017 | |||||
Investments, cost | 0 | |||||
Investments, at fair value: | (40) | |||||
Investment, Identifier [Axis]: Manus Bio Inc., Senior Secured First Lien Debt, 8/20/2026 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | 13,081 | [9] | 14,213 | |||
Investments, cost | 13,014 | 14,128 | ||||
Investments, at fair value: | $ 13,081 | $ 14,212 | ||||
Investment, Identifier [Axis]: Marble Point Credit Management LLC., Senior Secured First Lien Debt, 8/11/2028 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [7],[11] | 6% | ||||
Principal amount | [11] | $ 6,089 | ||||
Investments, cost | [11] | 5,985 | ||||
Investments, at fair value: | [11] | $ 6,089 | ||||
Investment, Identifier [Axis]: Marble Point Credit Management LLC., Senior Secured First Lien Debt, 8/11/2028 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [7],[11] | 6% | ||||
Interest rate, floor | [7],[11] | 1% | ||||
Principal amount | [11] | $ 1,437 | ||||
Investments, cost | [11] | 1,418 | ||||
Investments, at fair value: | [11] | $ 1,437 | ||||
Investment, Identifier [Axis]: Medplast Holdings, Inc.., Senior Secured First Lien Debt, 7/2/2025 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [4],[24] | 3.75% | ||||
Interest rate, floor | [4],[24] | 1% | ||||
Principal amount | [9],[24] | $ 4,987 | ||||
Investments, cost | [24] | 4,781 | ||||
Investments, at fair value: | [24] | $ 4,849 | ||||
Investment, Identifier [Axis]: Mimeo.com, Inc., Senior Secured First Lien Debt, 12/21/2024 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 6.80% | [4],[12],[22] | 7% | [7],[11] | ||
Interest rate, floor | 1% | [4],[12],[22] | 1% | [7],[11] | ||
Principal amount | $ 21,983 | [9],[12],[22] | $ 22,328 | [11] | ||
Investments, cost | 21,983 | [12],[22] | 22,328 | [11] | ||
Investments, at fair value: | $ 21,846 | [12],[22] | $ 22,161 | [11] | ||
Investment, Identifier [Axis]: Mimeo.com, Inc., Senior Secured First Lien Debt, 12/21/2024 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 6.80% | [4],[22] | 7% | [7],[11] | ||
Interest rate, floor | 1% | [4],[22] | 1% | [7],[11] | ||
Principal amount | $ 2,756 | [9],[22] | $ 2,256 | [11] | ||
Investments, cost | 2,756 | [22] | 2,256 | [11] | ||
Investments, at fair value: | 2,739 | [22] | 2,239 | [11] | ||
Investment, Identifier [Axis]: Mimeo.com, Inc., Senior Secured First Lien Debt, 12/21/2024 Maturity, 3 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | 2,500 | [9] | 3,000 | |||
Investments, cost | 0 | 0 | ||||
Investments, at fair value: | (16) | $ (23) | ||||
Investment, Identifier [Axis]: Moss Holding Company, Senior Secured First Lien Debt, 4/17/2024 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | [9] | 106 | ||||
Investments, cost | 0 | |||||
Investments, at fair value: | (1) | |||||
Investment, Identifier [Axis]: Moss Holding Company, Senior Secured First Lien Debt, 4/17/2024 Maturity, 3 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | [9] | 2,126 | ||||
Investments, cost | 0 | |||||
Investments, at fair value: | $ (27) | |||||
Investment, Identifier [Axis]: Moss Holding Company., Senior Secured First Lien Debt, 4/17/2024 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 6.25% | [3],[4],[5],[12] | 6.25% | [6],[7],[8],[10] | ||
Interest rate, floor | 1% | [3],[4],[5],[12] | 1% | [6],[7],[8],[10] | ||
Principal amount | $ 19,475 | [3],[5],[9],[12] | $ 19,576 | [6],[8],[10] | ||
Investments, cost | 19,428 | [3],[5],[12] | 19,500 | [6],[8],[10] | ||
Investments, at fair value: | 19,232 | [3],[5],[12] | 19,185 | [6],[8],[10] | ||
Investment, Identifier [Axis]: Moss Holding Company., Senior Secured First Lien Debt, 4/17/2024 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | 106 | |||||
Investments, cost | 0 | |||||
Investments, at fair value: | (2) | |||||
Investment, Identifier [Axis]: Moss Holding Company., Senior Secured First Lien Debt, 4/17/2024 Maturity, 3 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | 2,126 | |||||
Investments, cost | 0 | |||||
Investments, at fair value: | (43) | |||||
Investment, Identifier [Axis]: Mount Logan Capital Inc., Common Stock, Non-Controlled, Affiliated Investments | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, at fair value: | $ 2,266 | $ 2,341 | 3,404 | |||
Investment, Identifier [Axis]: Mount Logan Capital Inc., Common Stock., Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | 1,075,557 | [9],[14],[17],[42] | 1,075,557 | [16],[19],[43] | ||
Investments, cost | $ 3,534 | [14],[17],[42] | $ 3,534 | [16],[19],[43] | ||
Investments, at fair value: | $ 2,266 | [14],[17],[42] | $ 2,341 | [16],[19],[43] | ||
Investment, Identifier [Axis]: NS NWN Acquisition, LLC, Class A Preferred Units., Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | 111 | [9],[18] | 111 | [20] | ||
Investments, cost | $ 110 | [18] | $ 110 | [20] | ||
Investments, at fair value: | $ 1,338 | [18] | $ 909 | [20] | ||
Investment, Identifier [Axis]: NS NWN Acquisition, LLC, Common Equity, Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | 346 | [9],[18] | 346 | [20] | ||
Investments, cost | $ 393 | [18] | $ 393 | [20] | ||
Investments, at fair value: | $ 0 | [18] | $ 0 | [20] | ||
Investment, Identifier [Axis]: NS NWN Holdco LLC, Non-Voting Units, Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | [9],[18] | 522 | ||||
Investments, cost | [18] | $ 504 | ||||
Investments, at fair value: | [18] | $ 295 | ||||
Investment, Identifier [Axis]: NS NWN Holdco LLC, Non-Voting Units., Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | [20] | 522 | ||||
Investments, cost | [20] | $ 504 | ||||
Investments, at fair value: | [20] | $ 200 | ||||
Investment, Identifier [Axis]: NSG Co-Invest (Bermuda) LP, Partnership Interests., Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | 1,575 | [9],[14],[18] | 1,575 | [16],[20] | ||
Investments, cost | $ 1,000 | [14],[18] | $ 1,000 | [16],[20] | ||
Investments, at fair value: | $ 887 | [14],[18] | $ 664 | [16],[20] | ||
Investment, Identifier [Axis]: NWN Parent Holdings LLC., Senior Secured First Lien Debt, 5/7/2026 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 8% | [4],[5],[12] | 8% | [7],[10],[11] | ||
Interest rate, floor | 1% | [4],[5],[12] | 1% | [7],[10],[11] | ||
Principal amount | $ 12,604 | [5],[9],[12] | $ 12,755 | [10],[11] | ||
Investments, cost | 12,536 | [5],[12] | 12,664 | [10],[11] | ||
Investments, at fair value: | $ 12,494 | [5],[12] | $ 12,643 | [10],[11] | ||
Investment, Identifier [Axis]: NWN Parent Holdings LLC., Senior Secured First Lien Debt, 5/7/2026 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 8% | [4],[5] | 8% | [7],[11] | ||
Interest rate, floor | 1% | [4],[5] | 1% | [7],[11] | ||
Principal amount | $ 600 | [5],[9] | $ 810 | [11] | ||
Investments, cost | 587 | [5] | 798 | [11] | ||
Investments, at fair value: | 595 | [5] | 803 | [11] | ||
Investment, Identifier [Axis]: NWN Parent Holdings LLC., Senior Secured First Lien Debt, 5/7/2026 Maturity, 3 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | 1,200 | [9] | 90 | |||
Investments, cost | 0 | 0 | ||||
Investments, at fair value: | $ (11) | $ (1) | ||||
Investment, Identifier [Axis]: Neptune Flood Inc., Senior Secured First Lien Debt, 10/21/2026 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [7],[10],[11] | 6% | ||||
Interest rate, floor | [7],[10],[11] | 1% | ||||
Principal amount | [10],[11] | $ 7,789 | ||||
Investments, cost | [10],[11] | 7,742 | ||||
Investments, at fair value: | [10],[11] | $ 7,867 | ||||
Investment, Identifier [Axis]: New Giving Acquisition, Inc., Warrants, Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | 4,630 | [9],[18] | 4,630 | [20] | ||
Investments, cost | $ 633 | [18] | $ 633 | [20] | ||
Investments, at fair value: | $ 1,394 | [18] | $ 786 | [20] | ||
Investment, Identifier [Axis]: NewsCycle Solutions, Inc., Senior Secured First Lien Debt, 12/29/2023 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 7% | [3],[4],[5],[12] | 7% | [6],[7],[10],[11] | ||
Interest rate, floor | 1% | [3],[4],[5],[12] | 1% | [6],[7],[10],[11] | ||
Principal amount | $ 12,381 | [3],[5],[9],[12] | $ 12,444 | [6],[10],[11] | ||
Investments, cost | 12,377 | [3],[5],[12] | 12,432 | [6],[10],[11] | ||
Investments, at fair value: | $ 12,396 | [3],[5],[12] | $ 12,444 | [6],[10],[11] | ||
Investment, Identifier [Axis]: OpCo Borrower, LLC., Senior Secured First Lien Debt, 8/19/2027 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 6.50% | [4],[12],[31] | 6.50% | [7],[10],[30] | ||
Interest rate, floor | 1% | [4],[12],[31] | 1% | [7],[10],[30] | ||
Principal amount | $ 11,243 | [9],[12],[31] | $ 11,387 | [10],[30] | ||
Investments, cost | 11,141 | [12],[31] | 11,268 | [10],[30] | ||
Investments, at fair value: | 11,328 | [12],[31] | $ 11,387 | [10],[30] | ||
Investment, Identifier [Axis]: OpCo Borrower, LLC., Senior Secured First Lien Debt, 8/19/2027 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [7],[30] | 6.50% | ||||
Interest rate, floor | [7],[30] | 1% | ||||
Principal amount | [30] | $ 208 | ||||
Investments, cost | [30] | 208 | ||||
Investments, at fair value: | [30] | 208 | ||||
Investment, Identifier [Axis]: OpCo Borrower, LLC., Senior Secured First Lien Debt, 8/19/2027 Maturity, 3 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | 1,042 | [9] | 833 | |||
Investments, cost | 0 | 0 | ||||
Investments, at fair value: | 8 | 0 | ||||
Investment, Identifier [Axis]: OpCo Borrower, LLC., Senior Secured Second Lien Debt, 2/19/2028 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | 12,500 | [9],[12] | 12,500 | [10] | ||
Investments, cost | 11,730 | [12] | 11,659 | [10] | ||
Investments, at fair value: | $ 11,500 | [12] | $ 11,312 | [10] | ||
Investment, Identifier [Axis]: Optio Rx, LLC., Senior Secured First Lien Debt, 6/28/2024 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [6],[7],[10],[25] | 7% | ||||
Interest rate, floor | [6],[7],[10],[25] | 0% | ||||
Principal amount | [6],[10],[25] | $ 15,929 | ||||
Investments, cost | [6],[10],[25] | 15,892 | ||||
Investments, at fair value: | [6],[10],[25] | $ 15,749 | ||||
Investment, Identifier [Axis]: Optio Rx, LLC., Senior Secured First Lien Debt, 6/28/2024 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [6],[7],[25] | 10% | ||||
Interest rate, floor | [6],[7],[25] | 0% | ||||
Principal amount | [6],[25] | $ 2,515 | ||||
Investments, cost | [6],[25] | 2,504 | ||||
Investments, at fair value: | [6],[25] | $ 2,615 | ||||
Investment, Identifier [Axis]: Optio Rx, LLC., Senior Secured First Lien Debt, 6/28/2028 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [3],[4],[12],[24] | 7% | ||||
Interest rate, floor | [3],[4],[12],[24] | 0% | ||||
Principal amount | [3],[9],[12],[24] | $ 15,585 | ||||
Investments, cost | [3],[12],[24] | 15,561 | ||||
Investments, at fair value: | [3],[12],[24] | $ 15,526 | ||||
Investment, Identifier [Axis]: Optio Rx, LLC., Senior Secured First Lien Debt, 6/28/2028 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [3],[4],[24] | 10% | ||||
Interest rate, floor | [3],[4],[24] | 0% | ||||
Principal amount | [3],[9],[24] | $ 2,515 | ||||
Investments, cost | [3],[24] | 2,508 | ||||
Investments, at fair value: | [3],[24] | $ 2,578 | ||||
Investment, Identifier [Axis]: PH Beauty Holdings III. Inc., Senior Secured First Lien Debt, 9/28/2025 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 5% | [4],[12],[22] | 5% | [7],[10],[11] | ||
Interest rate, floor | 0% | [4],[12],[22] | 0% | [7],[10],[11] | ||
Principal amount | $ 9,525 | [9],[12],[22] | $ 9,575 | [10],[11] | ||
Investments, cost | 9,212 | [12],[22] | 9,195 | [10],[11] | ||
Investments, at fair value: | $ 8,727 | [12],[22] | $ 8,677 | [10],[11] | ||
Investment, Identifier [Axis]: PRA Acquisition, LLC, 5/12/2028 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [3],[4],[5] | 6.50% | ||||
Interest rate, floor | [3],[4],[5] | 1% | ||||
Principal amount | [3],[5],[9] | $ 20,000 | ||||
Investments, cost | [3],[5] | 20,000 | ||||
Investments, at fair value: | [3],[5] | $ 20,000 | ||||
Investment, Identifier [Axis]: Palmetto Clean Technology, Inc., Warrants., Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | 724,112 | [9],[18] | 724,112 | [20] | ||
Investments, cost | $ 471 | [18] | $ 471 | [20] | ||
Investments, at fair value: | $ 3,287 | [18] | $ 3,867 | [20] | ||
Investment, Identifier [Axis]: Pentec Acquisition Corp., Senior Secured First Lien Debt, 10/8/2026 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 6% | [4],[12],[31] | 6% | [7],[10],[25] | ||
Interest rate, floor | 1% | [4],[12],[31] | 1% | [7],[10],[25] | ||
Principal amount | $ 24,625 | [9],[12],[31] | $ 24,750 | [10],[25] | ||
Investments, cost | 24,461 | [12],[31] | 24,551 | [10],[25] | ||
Investments, at fair value: | $ 24,687 | [12],[31] | $ 24,750 | [10],[25] | ||
Investment, Identifier [Axis]: Playboy Enterprises, Inc., Senior Secured First Lien Debt, 5/25/2027 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 4.25% | [3],[4],[5],[14] | 6.25% | [6],[7],[11],[16] | ||
Interest rate, floor | 0.50% | [3],[4],[5],[14] | 0.50% | [6],[7],[11],[16] | ||
Principal amount | $ 19,527 | [3],[5],[9],[14] | $ 25,202 | [6],[11],[16] | ||
Investments, cost | 19,179 | [3],[5],[14] | 24,729 | [6],[11],[16] | ||
Investments, at fair value: | $ 19,234 | [3],[5],[14] | $ 24,257 | [6],[11],[16] | ||
Investment, Identifier [Axis]: Project Castle, Inc., Senior Secured First Lien Debt, 6/1/2029 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 5.50% | [4],[5],[12] | 5.50% | [7],[8],[10] | ||
Interest rate, floor | 0.50% | [4],[5],[12] | 0.50% | [7],[8],[10] | ||
Principal amount | $ 7,930 | [5],[9],[12] | $ 9,975 | [8],[10] | ||
Investments, cost | 7,181 | [5],[12] | 8,979 | [8],[10] | ||
Investments, at fair value: | $ 6,741 | [5],[12] | $ 8,117 | [8],[10] | ||
Investment, Identifier [Axis]: R. R. Donnelley & Sons Company , 3/22/2028 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [4] | 7.25% | ||||
Interest rate, floor | [4] | 0.75% | ||||
Principal amount | [9] | $ 12,582 | ||||
Investments, cost | 12,550 | |||||
Investments, at fair value: | $ 12,535 | |||||
Investment, Identifier [Axis]: RA Outdoors, LLC, Senior Secured Second Lien Debt, 10/8/2026 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [4],[5],[12] | 9% | ||||
Interest rate, floor | [4],[5],[12] | 1% | ||||
Principal amount | [5],[9],[12] | $ 1,818 | ||||
Investments, cost | [5],[12] | 1,818 | ||||
Investments, at fair value: | [5],[12] | $ 1,818 | ||||
Investment, Identifier [Axis]: RA Outdoors, LLC., Senior Secured First Lien Debt, 4/8/2026 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 6.75% | [4],[5],[12] | 6.75% | [7],[8],[10] | ||
Interest rate, floor | 1% | [4],[5],[12] | 1% | [7],[8],[10] | ||
Principal amount | $ 10,979 | [5],[9],[12] | $ 10,979 | [8],[10] | ||
Investments, cost | 10,979 | [5],[12] | 10,979 | [8],[10] | ||
Investments, at fair value: | 10,979 | [5],[12] | 10,938 | [8],[10] | ||
Investment, Identifier [Axis]: RA Outdoors, LLC., Senior Secured First Lien Debt, 4/8/2026 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | 1,049 | |||||
Investments, cost | (170) | |||||
Investments, at fair value: | $ (1) | |||||
Investment, Identifier [Axis]: RA Outdoors, LLC., Senior Secured First Lien Debt, 4/8/2026 Maturity, 3 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | [9] | 1,049 | ||||
Investments, cost | (94) | |||||
Investments, at fair value: | $ 0 | |||||
Investment, Identifier [Axis]: RA Outdoors, LLC., Senior Secured Second Lien Debt, 10/8/2026 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [7],[8],[10] | 9% | ||||
Interest rate, floor | [7],[8],[10] | 1% | ||||
Principal amount | [8],[10] | $ 1,827 | ||||
Investments, cost | [8],[10] | 1,827 | ||||
Investments, at fair value: | [8],[10] | $ 1,825 | ||||
Investment, Identifier [Axis]: Retail Services WIS Corp., Senior Secured First Lien Debt, 5/20/2025 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 7.75% | [4],[5],[12] | 7.75% | [7],[10],[11] | ||
Interest rate, floor | 1% | [4],[5],[12] | 1% | [7],[10],[11] | ||
Principal amount | $ 9,297 | [5],[9],[12] | $ 9,548 | [10],[11] | ||
Investments, cost | 9,154 | [5],[12] | 9,374 | [10],[11] | ||
Investments, at fair value: | $ 9,297 | [5],[12] | $ 9,357 | [10],[11] | ||
Investment, Identifier [Axis]: Robert C. Hilliard, L.L.P., Senior Secured First Lien Debt, 12/17/2023 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 12% | [4],[12],[21],[31] | 12% | [7],[10],[23],[25] | ||
Interest rate, floor | 2% | [4],[12],[21],[31] | 2% | [7],[10],[23],[25] | ||
Principal amount | $ 1,973 | [9],[12],[21],[31] | $ 1,815 | [10],[23],[25] | ||
Investments, cost | 1,973 | [12],[21],[31] | 1,815 | [10],[23],[25] | ||
Investments, at fair value: | $ 1,976 | [12],[21],[31] | $ 1,815 | [10],[23],[25] | ||
Investment, Identifier [Axis]: Rogers Mechanical Contractors, LLC., Senior Secured First Lien Debt, 9/9/2025 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 8% | [4],[12],[21],[26] | 8% | [7],[8],[10],[23] | ||
Interest rate, floor | 1% | [4],[12],[21],[26] | 1% | [7],[8],[10],[23] | ||
Principal amount | $ 15,275 | [9],[12],[21],[26] | $ 16,365 | [8],[10],[23] | ||
Investments, cost | 15,275 | [12],[21],[26] | 16,365 | [8],[10],[23] | ||
Investments, at fair value: | $ 15,217 | [12],[21],[26] | $ 16,324 | [8],[10],[23] | ||
Investment, Identifier [Axis]: Rogers Mechanical Contractors, LLC., Senior Secured First Lien Debt, 9/9/2025 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 8% | [4],[12],[21],[26] | 8% | [7],[8],[23] | ||
Interest rate, floor | 1% | [4],[12],[21],[26] | 1% | [7],[8],[23] | ||
Principal amount | $ 899 | [9],[12],[21],[26] | $ 962 | [8],[23] | ||
Investments, cost | 899 | [12],[21],[26] | 962 | [8],[23] | ||
Investments, at fair value: | 896 | [12],[21],[26] | 959 | [8],[23] | ||
Investment, Identifier [Axis]: Rogers Mechanical Contractors, LLC., Senior Secured First Lien Debt, 9/9/2025 Maturity, 3 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | 2,404 | [9] | 962 | |||
Investments, cost | 0 | 0 | ||||
Investments, at fair value: | $ (9) | (2) | ||||
Investment, Identifier [Axis]: Rogers Mechanical Contractors, LLC., Senior Secured First Lien Debt, 9/9/2025 Maturity, 4 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | 2,404 | |||||
Investments, cost | 0 | |||||
Investments, at fair value: | (6) | |||||
Investment, Identifier [Axis]: RumbleOn, Inc., Senior Secured First Lien Debt, 2/28/2023 Maturity, 3 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | [20] | 1,775 | ||||
Investments, cost | [20] | 0 | ||||
Investments, at fair value: | [20] | $ (98) | ||||
Investment, Identifier [Axis]: RumbleOn, Inc., Senior Secured First Lien Debt, 8/31/2026 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 8.25% | [4],[5],[12] | 8.25% | [7],[10],[11] | ||
Interest rate, floor | 1% | [4],[5],[12] | 1% | [7],[10],[11] | ||
Principal amount | $ 13,221 | [5],[9],[12] | $ 13,284 | [10],[11] | ||
Investments, cost | 12,523 | [5],[12] | 12,497 | [10],[11] | ||
Investments, at fair value: | $ 12,461 | [5],[12] | $ 12,554 | [10],[11] | ||
Investment, Identifier [Axis]: RumbleOn, Inc., Senior Secured First Lien Debt, 8/31/2026 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 8.25% | [4],[5],[12] | 8.25% | [7],[11] | ||
Interest rate, floor | 1% | [4],[5],[12] | 1% | [7],[11] | ||
Principal amount | $ 4,000 | [5],[9],[12] | $ 4,019 | [11] | ||
Investments, cost | 3,974 | [5],[12] | 3,976 | [11] | ||
Investments, at fair value: | $ 3,770 | [5],[12] | $ 3,798 | [11] | ||
Investment, Identifier [Axis]: RumbleOn, Inc., Warrants., Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | 60,606 | [9],[18] | 60,606 | [20] | ||
Investments, cost | $ 927 | [18] | $ 927 | [20] | ||
Investments, at fair value: | $ 0 | [18] | 1 | [20] | ||
Investment, Identifier [Axis]: SIMR Parent, LLC, Class B Membership Units, Non-Controlled, Affiliated Investments | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, at fair value: | 0 | 0 | ||||
Investment, Identifier [Axis]: SIMR Parent, LLC, Class W Membership Units, Non-Controlled, Affiliated Investments | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, at fair value: | 0 | 0 | ||||
Investment, Identifier [Axis]: SIMR, LLC, First Lien Term Loan, Non-Controlled, Affiliated Investments | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, at fair value: | 0 | 16,000 | ||||
Investment, Identifier [Axis]: SRA Holdings, LLC, Membership Units, Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | [9],[17],[18] | 224,865 | ||||
Investments, cost | [17],[18] | $ 23,611 | ||||
Investments, at fair value: | [17],[18] | 23,706 | ||||
Investment, Identifier [Axis]: SRA Holdings, LLC, Membership Units, Non-Controlled, Affiliated Investments | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, at fair value: | 23,706 | 0 | ||||
Investment, Identifier [Axis]: STATinMED, LLC, Delayed Draw First Lien Term Loan, Non-Controlled, Affiliated Investments | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, at fair value: | 156 | 0 | ||||
Investment, Identifier [Axis]: STATinMED, LLC, First Lien Term Loan, Non-Controlled, Affiliated Investments | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, at fair value: | $ 9,657 | $ 9,107 | 0 | |||
Investment, Identifier [Axis]: STATinMED, LLC., Senior Secured First Lien Debt, 3/31/2023 Maturity 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [7],[19],[23],[30] | 9.50% | ||||
Interest rate, floor | [7],[19],[23],[30] | 2% | ||||
Principal amount | [19],[23],[30] | $ 156 | ||||
Investments, cost | [19],[23],[30] | 153 | ||||
Investments, at fair value: | [19],[23],[30] | 156 | ||||
Investment, Identifier [Axis]: STATinMED, LLC., Senior Secured First Lien Debt, 3/31/2023 Maturity 3 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | [19],[20] | 156 | ||||
Investments, cost | [19],[20] | 0 | ||||
Investments, at fair value: | [19],[20] | $ 0 | ||||
Investment, Identifier [Axis]: STATinMED, LLC., Senior Secured First Lien Debt, 7/1/2027 Maturity 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [7],[19],[23],[30] | 9.50% | ||||
Interest rate, floor | [7],[19],[23],[30] | 2% | ||||
Principal amount | [19],[23],[30] | $ 9,222 | ||||
Investments, cost | [19],[23],[30] | 9,222 | ||||
Investments, at fair value: | [19],[23],[30] | $ 9,107 | ||||
Investment, Identifier [Axis]: STATinMED, LLC., Senior Secured First Lien Debt, 7/1/2027 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [4],[17],[21],[31] | 9.50% | ||||
Interest rate, floor | [4],[17],[21],[31] | 2% | ||||
Principal amount | [9],[17],[21],[31] | $ 9,905 | ||||
Investments, cost | [17],[21],[31] | 9,905 | ||||
Investments, at fair value: | [17],[21],[31] | $ 9,657 | ||||
Investment, Identifier [Axis]: STATinMed Parent, LLC, Class A Preferred Units, Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | [9],[17],[18] | 6,182 | ||||
Investments, cost | [17],[18] | $ 6,182 | ||||
Investments, at fair value: | [17],[18] | 2,526 | ||||
Investment, Identifier [Axis]: STATinMed Parent, LLC, Class A Preferred Units, Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | [19],[20] | 6,182 | ||||
Investments, cost | [19],[20] | $ 6,182 | ||||
Investments, at fair value: | [19],[20] | 4,530 | ||||
Investment, Identifier [Axis]: STATinMed Parent, LLC, Class A Preferred Units, Non-Controlled, Affiliated Investments | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, at fair value: | $ 2,526 | $ 4,530 | 0 | |||
Investment, Identifier [Axis]: STATinMed Parent, LLC, Class B Preferred Units, Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | [9],[17],[18] | 51,221 | ||||
Investments, cost | [17],[18] | $ 3,193 | ||||
Investments, at fair value: | [17],[18] | 0 | ||||
Investment, Identifier [Axis]: STATinMed Parent, LLC, Class B Preferred Units, Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | [19],[20] | 51,221 | ||||
Investments, cost | [19],[20] | $ 3,193 | ||||
Investments, at fair value: | [19],[20] | 134 | ||||
Investment, Identifier [Axis]: STATinMed Parent, LLC, Class B Preferred Units, Non-Controlled, Affiliated Investments | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, at fair value: | $ 0 | $ 134 | 0 | |||
Investment, Identifier [Axis]: Securus Technologies Holdings, Inc., Senior Secured First Lien Debt, 11/1/2024 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 4.50% | [4],[12],[22] | 4.50% | [7],[10],[11] | ||
Interest rate, floor | 1% | [4],[12],[22] | 1% | [7],[10],[11] | ||
Principal amount | $ 3,847 | [9],[12],[22] | $ 3,868 | [10],[11] | ||
Investments, cost | 3,484 | [12],[22] | 3,383 | [10],[11] | ||
Investments, at fair value: | $ 3,852 | [12],[22] | $ 3,848 | [10],[11] | ||
Investment, Identifier [Axis]: Securus Technologies Holdings, Inc., Senior Secured Second Lien Debt, 11/1/2025 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 8.25% | [4],[22] | 8.25% | [7],[11] | ||
Interest rate, floor | 1% | [4],[22] | 1% | [7],[11] | ||
Principal amount | $ 2,942 | [9],[22] | $ 2,942 | [11] | ||
Investments, cost | 2,930 | [22] | 2,926 | [11] | ||
Investments, at fair value: | 2,895 | [22] | 2,884 | [11] | ||
Investment, Identifier [Axis]: Sequoia Healthcare Management, LLC., Senior Secured First Lien Debt, 11/4/2023 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | 8,525 | [3],[9],[12] | 8,525 | [6],[10],[28] | ||
Investments, cost | 8,456 | [3],[12] | 8,457 | [6],[10],[28] | ||
Investments, at fair value: | 8,024 | [3],[12] | 10,209 | [6],[10],[28] | ||
Investment, Identifier [Axis]: Service Compression, LLC, Warrants(o), Energy: Oil & Gas, N/A | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, cost | [20] | 509 | ||||
Investments, at fair value: | [20] | 441 | ||||
Investment, Identifier [Axis]: Service Compression, LLC, Warrants., Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, cost | [18] | 509 | ||||
Investments, at fair value: | [18] | 970 | ||||
Investment, Identifier [Axis]: Service Compression, LLC., Senior Secured First Lien Debt, 5/5/2025 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | [9] | 907 | ||||
Investments, cost | 0 | |||||
Investments, at fair value: | $ 7 | |||||
Investment, Identifier [Axis]: Service Compression, LLC., Senior Secured First Lien Debt, 5/6/2025 Maturity, 3 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | 4,186 | |||||
Investments, cost | 0 | |||||
Investments, at fair value: | $ (31) | |||||
Investment, Identifier [Axis]: Service Compression, LLC., Senior Secured First Lien Debt, 5/6/2027 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 10% | [4],[5],[12],[21] | 10% | [7],[8],[10],[23] | ||
Interest rate, floor | 1% | [4],[5],[12],[21] | 1% | [7],[8],[10],[23] | ||
Principal amount | $ 23,208 | [5],[9],[12],[21] | $ 22,975 | [8],[10],[23] | ||
Investments, cost | 22,894 | [5],[12],[21] | 22,622 | [8],[10],[23] | ||
Investments, at fair value: | $ 23,382 | [5],[12],[21] | $ 22,803 | [8],[10],[23] | ||
Investment, Identifier [Axis]: Service Compression, LLC., Senior Secured First Lien Debt, 5/6/2027 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 10% | [4],[5],[12],[21] | 10% | [7],[8] | ||
Interest rate, floor | 1% | [4],[5],[12],[21] | 1% | [7],[8] | ||
Principal amount | $ 6,477 | [5],[9],[12],[21] | $ 3,151 | [8] | ||
Investments, cost | 6,381 | [5],[12],[21] | 3,044 | [8] | ||
Investments, at fair value: | $ 6,526 | [5],[12],[21] | $ 3,127 | [8] | ||
Investment, Identifier [Axis]: Sleep Opco, LLC., Senior Secured First Lien Debt, 10/12/2026 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 7% | [4],[5],[12] | 6.50% | [7],[10],[11] | ||
Interest rate, floor | 1% | [4],[5],[12] | 1% | [7],[10],[11] | ||
Principal amount | $ 13,704 | [5],[9],[12] | $ 13,779 | [10],[11] | ||
Investments, cost | 13,518 | [5],[12] | 13,568 | [10],[11] | ||
Investments, at fair value: | $ 13,602 | [5],[12] | 13,641 | [10],[11] | ||
Investment, Identifier [Axis]: Sleep Opco, LLC., Senior Secured First Lien Debt, 10/12/2026 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [4],[5] | 6.50% | ||||
Interest rate, floor | [4],[5] | 1% | ||||
Principal amount | $ 550 | [5],[9] | 1,750 | |||
Investments, cost | 527 | [5] | (27) | |||
Investments, at fair value: | $ 546 | [5] | $ (18) | |||
Investment, Identifier [Axis]: Sleep Opco, LLC., Senior Secured First Lien Debt, 10/12/2026 Maturity, 3 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [4],[5],[12] | 7% | ||||
Interest rate, floor | [4],[5],[12] | 1% | ||||
Principal amount | [5],[9],[12] | $ 399 | ||||
Investments, cost | [5],[12] | 394 | ||||
Investments, at fair value: | [5],[12] | 402 | ||||
Investment, Identifier [Axis]: Sleep Opco, LLC., Senior Secured First Lien Debt, 10/12/2026 Maturity, 4 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | [9] | 1,200 | ||||
Investments, cost | 0 | |||||
Investments, at fair value: | $ (9) | |||||
Investment, Identifier [Axis]: Snap Fitness Holdings, Inc., Class A Common Stock., Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | 9,858 | [9],[17],[18] | 9,858 | [19],[20] | ||
Investments, cost | $ 3,078 | [17],[18] | $ 3,078 | [19],[20] | ||
Investments, at fair value: | 4,936 | [17],[18] | 5,123 | [19],[20] | ||
Investment, Identifier [Axis]: Snap Fitness Holdings, Inc., Class A Stock, Non-Controlled, Affiliated Investments | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, at fair value: | 4,936 | 5,123 | 3,131 | |||
Investment, Identifier [Axis]: Snap Fitness Holdings, Inc., Warrants, Non-Controlled, Affiliated Investments | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Investments, at fair value: | $ 2,001 | $ 2,077 | $ 1,269 | |||
Investment, Identifier [Axis]: Snap Fitness Holdings, Inc., Warrants., Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | 3,996 | [9],[17],[18] | 3,996 | [19],[20] | ||
Investments, cost | $ 1,247 | [17],[18] | $ 1,247 | [19],[20] | ||
Investments, at fair value: | $ 2,001 | [17],[18] | $ 2,077 | [19],[20] | ||
Investment, Identifier [Axis]: Spinal USA, Inc. / Precision Medical Inc., Senior Secured First Lien Debt, 11/29/2023 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [4],[21],[22] | 9.50% | ||||
Principal amount | [9],[21],[22] | $ 14,349 | ||||
Investments, cost | [21],[22] | 14,332 | ||||
Investments, at fair value: | [21],[22] | $ 7,748 | ||||
Investment, Identifier [Axis]: Spinal USA, Inc. / Precision Medical Inc., Senior Secured First Lien Debt, 11/29/2023 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [4],[21],[22] | 9.50% | ||||
Principal amount | [9],[21],[22] | $ 1,275 | ||||
Investments, cost | [21],[22] | 1,275 | ||||
Investments, at fair value: | [21],[22] | $ 650 | ||||
Investment, Identifier [Axis]: Spinal USA, Inc. / Precision Medical Inc., Senior Secured First Lien Debt, 11/29/2023 Maturity, 3 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [4],[21],[22] | 9.50% | ||||
Principal amount | [9],[21],[22] | $ 820 | ||||
Investments, cost | [21],[22] | 762 | ||||
Investments, at fair value: | [21],[22] | $ 418 | ||||
Investment, Identifier [Axis]: Spinal USA, Inc. / Precision Medical Inc., Senior Secured First Lien Debt, 11/29/2023 Maturity, 4 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [4],[21],[22] | 9.50% | ||||
Principal amount | [9],[21],[22] | $ 778 | ||||
Investments, cost | [21],[22] | 778 | ||||
Investments, at fair value: | [21],[22] | $ 397 | ||||
Investment, Identifier [Axis]: Spinal USA, Inc. / Precision Medical Inc., Senior Secured First Lien Debt, 11/29/2023 Maturity, 5 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [4],[21],[22] | 9.50% | ||||
Principal amount | [9],[21],[22] | $ 649 | ||||
Investments, cost | [21],[22] | 604 | ||||
Investments, at fair value: | [21],[22] | $ 351 | ||||
Investment, Identifier [Axis]: Spinal USA, Inc. / Precision Medical Inc., Senior Secured First Lien Debt, 11/29/2023 Maturity, 6 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [4],[21],[22] | 9.50% | ||||
Principal amount | [9],[21],[22] | $ 593 | ||||
Investments, cost | [21],[22] | 593 | ||||
Investments, at fair value: | [21],[22] | $ 599 | ||||
Investment, Identifier [Axis]: Spinal USA, Inc. / Precision Medical Inc., Senior Secured First Lien Debt, 5/29/2023 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [7],[10],[11],[23] | 9.50% | ||||
Principal amount | [10],[11],[23] | $ 13,401 | ||||
Investments, cost | [10],[11],[23] | 13,385 | ||||
Investments, at fair value: | [10],[11],[23] | $ 9,649 | ||||
Investment, Identifier [Axis]: Spinal USA, Inc. / Precision Medical Inc., Senior Secured First Lien Debt, 5/29/2023 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [7],[10],[11],[23] | 9.50% | ||||
Principal amount | [10],[11],[23] | $ 1,191 | ||||
Investments, cost | [10],[11],[23] | 1,191 | ||||
Investments, at fair value: | [10],[11],[23] | $ 816 | ||||
Investment, Identifier [Axis]: Spinal USA, Inc. / Precision Medical Inc., Senior Secured First Lien Debt, 5/29/2023 Maturity, 3 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [7],[10],[11],[23] | 9.50% | ||||
Principal amount | [10],[11],[23] | $ 766 | ||||
Investments, cost | [10],[11],[23] | 677 | ||||
Investments, at fair value: | [10],[11],[23] | $ 521 | ||||
Investment, Identifier [Axis]: Spinal USA, Inc. / Precision Medical Inc., Senior Secured First Lien Debt, 5/29/2023 Maturity, 4 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [7],[10],[11],[23] | 9.50% | ||||
Principal amount | [10],[11],[23] | $ 727 | ||||
Investments, cost | [10],[11],[23] | 727 | ||||
Investments, at fair value: | [10],[11],[23] | $ 498 | ||||
Investment, Identifier [Axis]: Spinal USA, Inc. / Precision Medical Inc., Senior Secured First Lien Debt, 5/29/2023 Maturity, 5 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [7],[10],[11],[23] | 9.50% | ||||
Principal amount | [10],[11],[23] | $ 607 | ||||
Investments, cost | [10],[11],[23] | 536 | ||||
Investments, at fair value: | [10],[11],[23] | $ 446 | ||||
Investment, Identifier [Axis]: TMK Hawk Parent, Corp., Senior Secured Second Lien Debt, 8/28/2025 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [7],[11] | 8% | ||||
Interest rate, floor | [7],[11] | 1% | ||||
Principal amount | [11] | $ 13,393 | ||||
Investments, cost | [11] | 13,246 | ||||
Investments, at fair value: | [11] | $ 11,334 | ||||
Investment, Identifier [Axis]: TMK Hawk Parent, Corp., Senior Secured Second Lien Debt, 9/26/2025 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [4],[22] | 8% | ||||
Interest rate, floor | [4],[22] | 1% | ||||
Principal amount | [9],[22] | $ 13,393 | ||||
Investments, cost | [22] | 13,282 | ||||
Investments, at fair value: | [22] | 11,903 | ||||
Investment, Identifier [Axis]: Thrill Holdings LLC., Senior Secured First Lien Debt, 5/27/2024 Maturity, 3 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | [9] | 3,261 | ||||
Investments, cost | 0 | |||||
Investments, at fair value: | $ 0 | |||||
Investment, Identifier [Axis]: Thrill Holdings LLC., Senior Secured First Lien Debt, 5/27/2027 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 6.50% | [4],[5],[12] | 6.50% | [7],[8],[10] | ||
Interest rate, floor | 1% | [4],[5],[12] | 1% | [7],[8],[10] | ||
Principal amount | $ 20,136 | [5],[9],[12] | $ 20,394 | [8],[10] | ||
Investments, cost | 20,136 | [5],[12] | 20,394 | [8],[10] | ||
Investments, at fair value: | 19,907 | [5],[12] | 20,292 | [8],[10] | ||
Investment, Identifier [Axis]: Thrill Holdings LLC., Senior Secured First Lien Debt, 5/27/2027 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | 1,739 | [9] | 3,261 | |||
Investments, cost | 0 | 0 | ||||
Investments, at fair value: | $ 0 | $ (16) | ||||
Investment, Identifier [Axis]: Thrill Holdings LLC., Senior Secured First Lien Debt, 5/27/2027 Maturity, 3 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [7],[8] | 6.50% | ||||
Interest rate, floor | [7],[8] | 1% | ||||
Principal amount | [8] | $ 1,739 | ||||
Investments, cost | [8] | 1,739 | ||||
Investments, at fair value: | [8] | $ 1,730 | ||||
Investment, Identifier [Axis]: Trademark Global, LLC., Senior Secured First Lien Debt, 7/30/2024 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [4],[12],[21],[31] | 7.50% | ||||
Interest rate, floor | [4],[12],[21],[31] | 1% | ||||
Principal amount | [9],[12],[21],[31] | $ 15,508 | ||||
Investments, cost | [12],[21],[31] | 15,484 | ||||
Investments, at fair value: | [12],[21],[31] | $ 15,042 | ||||
Investment, Identifier [Axis]: Trademark Global, LLC., Senior Secured First Lien Debt, 7/30/2024 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [7],[23],[25] | 7.50% | ||||
Interest rate, floor | [7],[23],[25] | 1% | ||||
Principal amount | [23],[25] | $ 15,355 | ||||
Investments, cost | [23],[25] | 15,310 | ||||
Investments, at fair value: | [23],[25] | $ 14,952 | ||||
Investment, Identifier [Axis]: Trammell, P.C., Senior Secured First Lien Debt, 4/28/2026 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 15.50% | [4],[21],[31] | 15.50% | [7],[23],[30] | ||
Interest rate, floor | 2% | [4],[21],[31] | 2% | [7],[23],[30] | ||
Principal amount | $ 13,814 | [9],[21],[31] | $ 14,201 | [23],[30] | ||
Investments, cost | 13,814 | [21],[31] | 14,201 | [23],[30] | ||
Investments, at fair value: | $ 13,814 | [21],[31] | $ 14,147 | [23],[30] | ||
Investment, Identifier [Axis]: URS Topco, LLC, Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | [9],[18] | 430,540 | ||||
Investments, cost | [18] | $ 9,669 | ||||
Investments, at fair value: | [18] | $ 12,298 | ||||
Investment, Identifier [Axis]: Usalco, LLC., Senior Secured First Lien Debt, 10/19/2027 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 6% | [4],[12],[31] | 6% | [7],[10],[11] | ||
Interest rate, floor | 1% | [4],[12],[31] | 1% | [7],[10],[11] | ||
Principal amount | $ 24,625 | [9],[12],[31] | $ 24,750 | [10],[11] | ||
Investments, cost | 24,441 | [12],[31] | 24,539 | [10],[11] | ||
Investments, at fair value: | 24,533 | [12],[31] | $ 24,441 | [10],[11] | ||
Investment, Identifier [Axis]: Vesta Holdings, LLC., Senior Secured First Lien Debt, 2/25/2024 Maturity 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [7],[10],[23] | 9% | ||||
Principal amount | [10],[23] | $ 21,071 | ||||
Investments, cost | [10],[23] | 21,071 | ||||
Investments, at fair value: | [10],[23] | $ 19,938 | ||||
Investment, Identifier [Axis]: Vesta Holdings, LLC., Senior Secured First Lien Debt, 2/25/2024 Maturity 3 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [7],[23] | 9% | ||||
Principal amount | [23] | $ 838 | ||||
Investments, cost | [23] | 838 | ||||
Investments, at fair value: | [23] | $ 793 | ||||
Investment, Identifier [Axis]: Vesta Holdings, LLC., Senior Secured First Lien Debt, 3/12/2023 Maturity 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [7],[8],[10] | 10% | ||||
Interest rate, floor | [7],[8],[10] | 1% | ||||
Principal amount | [8],[10] | $ 10,392 | ||||
Investments, cost | [8],[10] | 10,159 | ||||
Investments, at fair value: | [8],[10] | 10,392 | ||||
Investment, Identifier [Axis]: Volta Charging, LLC., Senior Secured First Lien Debt, 6/19/2024 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | [10] | 5,621 | ||||
Investments, cost | [10] | 5,617 | ||||
Investments, at fair value: | [10] | 6,506 | ||||
Investment, Identifier [Axis]: Volta Charging, LLC., Senior Secured First Lien Debt, 6/19/2024 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | [10] | 1,500 | ||||
Investments, cost | [10] | 1,499 | ||||
Investments, at fair value: | [10] | 1,736 | ||||
Investment, Identifier [Axis]: WPLM Acquisition Corp., Unsecured Debt, 11/24/2025 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | 7,623 | [9],[21] | 7,623 | [23] | ||
Investments, cost | 7,575 | [21] | 7,567 | [23] | ||
Investments, at fair value: | $ 7,413 | [21] | $ 7,327 | [23] | ||
Investment, Identifier [Axis]: Williams Industrial Services Group, Inc., Senior Secured First Lien Debt, 12/16/2025 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [6],[7],[11],[23] | 9% | ||||
Interest rate, floor | [6],[7],[11],[23] | 1% | ||||
Principal amount | [6],[11],[23] | $ 7,173 | ||||
Investments, cost | [6],[11],[23] | 7,173 | ||||
Investments, at fair value: | [6],[11],[23] | $ 7,182 | ||||
Investment, Identifier [Axis]: Williams Industrial Services Group, Inc., Senior Secured First Lien Debt, 12/16/2025 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [3],[4],[5],[21] | 11% | ||||
Interest rate, floor | [3],[4],[5],[21] | 1% | ||||
Principal amount | [3],[5],[9],[21] | $ 7,693 | ||||
Investments, cost | [3],[5],[21] | 7,693 | ||||
Investments, at fair value: | [3],[5],[21] | $ 7,540 | ||||
Investment, Identifier [Axis]: Williams Industrial Services Group, Inc., Senior Secured First Lien Debt, 12/16/2025 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [4],[5],[21] | 11% | ||||
Interest rate, floor | [4],[5],[21] | 1% | ||||
Principal amount | [5],[9],[21] | $ 1,429 | ||||
Investments, cost | [5],[21] | 1,429 | ||||
Investments, at fair value: | [5],[21] | $ 1,400 | ||||
Investment, Identifier [Axis]: Wok Holdings Inc., Senior Secured First Lien Debt, 3/1/2026 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 6.50% | [4],[12],[24] | 6.50% | [7],[10],[11] | ||
Interest rate, floor | 0% | [4],[12],[24] | 0% | [7],[10],[11] | ||
Principal amount | $ 24,974 | [9],[12],[24] | $ 25,105 | [10],[11] | ||
Investments, cost | 24,317 | [12],[24] | 24,335 | [10],[11] | ||
Investments, at fair value: | $ 23,938 | [12],[24] | $ 21,684 | [10],[11] | ||
Investment, Identifier [Axis]: WorkGenius, Inc., Senior Secured First Lien Debt, 6/7/2027 Maturity 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [7],[8],[10] | 7% | ||||
Interest rate, floor | [7],[8],[10] | 0.50% | ||||
Principal amount | [8],[10] | $ 12,938 | ||||
Investments, cost | [8],[10] | 12,937 | ||||
Investments, at fair value: | [8],[10] | 12,938 | ||||
Investment, Identifier [Axis]: WorkGenius, Inc., Senior Secured First Lien Debt, 6/7/2027 Maturity 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal amount | 750 | |||||
Investments, cost | (15) | |||||
Investments, at fair value: | $ 0 | |||||
Investment, Identifier [Axis]: WorkGenius, Inc., Senior Secured First Lien Debt, 6/7/2027 Maturity, 1 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [4],[5],[12] | 7.50% | ||||
Interest rate, floor | [4],[5],[12] | 1% | ||||
Principal amount | [5],[9],[12] | $ 10,385 | ||||
Investments, cost | [5],[12] | 10,385 | ||||
Investments, at fair value: | [5],[12] | $ 10,385 | ||||
Investment, Identifier [Axis]: WorkGenius, Inc., Senior Secured First Lien Debt, 6/7/2027 Maturity, 2 | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [4],[5] | 7.50% | ||||
Interest rate, floor | [4],[5] | 1% | ||||
Principal amount | [5],[9] | $ 750 | ||||
Investments, cost | [5] | 737 | ||||
Investments, at fair value: | [5] | $ 750 | ||||
Investment, Identifier [Axis]: WorkGenius, LLC, Class A Units., Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | 500 | [9],[18] | 500 | [20] | ||
Investments, cost | $ 500 | [18] | $ 500 | [20] | ||
Investments, at fair value: | $ 415 | [18] | $ 515 | [20] | ||
Investment, Identifier [Axis]: Xenon Arc, Inc., Senior Secured First Lien Debt, 12/17/2027 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | 5.25% | [4],[12],[22] | 5.25% | [7],[10],[11] | ||
Interest rate, floor | 0.75% | [4],[12],[22] | 0.75% | [7],[10],[11] | ||
Principal amount | $ 3,895 | [9],[12],[22] | $ 6,915 | [10],[11] | ||
Investments, cost | 3,861 | [12],[22] | 6,846 | [10],[11] | ||
Investments, at fair value: | $ 3,895 | [12],[22] | $ 6,846 | [10],[11] | ||
Investment, Identifier [Axis]: Yak Access, LLC, Senior Secured First Lien Debt, 07/11/2025 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [7],[10] | 4% | ||||
Interest rate, floor | [7],[10] | 0% | ||||
Principal amount | [10] | $ 4,925 | ||||
Investments, cost | [10] | 3,299 | ||||
Investments, at fair value: | [10] | $ 3,165 | ||||
Investment, Identifier [Axis]: Yak Access, LLC., Senior Secured First Lien Debt, 3/10/2028 Maturity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Interest rate basis spread on variable rate | [4],[5],[12] | 6.40% | ||||
Interest rate, floor | [4],[5],[12] | 1% | ||||
Principal amount | [5],[9],[12] | $ 2,972 | ||||
Investments, cost | [5],[12] | 2,972 | ||||
Investments, at fair value: | [5],[12] | $ 2,972 | ||||
Investment, Identifier [Axis]: Yak Holding II, LLC, Series A Common Units, Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | [9],[18] | 127,419 | ||||
Investments, cost | [18] | $ 0 | ||||
Investments, at fair value: | [18] | $ 573 | ||||
Investment, Identifier [Axis]: Yak Holding II, LLC, Series A Preferred Units, Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | [9],[18] | 4,000,000 | ||||
Investments, cost | [18] | $ 2,000 | ||||
Investments, at fair value: | [18] | $ 4,000 | ||||
Investment, Identifier [Axis]: Yak Holding II, LLC, Series B-1 Preferred Units, Equity | ||||||
Schedule of Equity Method Investments [Line Items] | ||||||
Principal units (in shares) | [9],[18] | 1,966,018 | ||||
Investments, cost | [18] | $ 1,966 | ||||
Investments, at fair value: | [18] | $ 1,966 | ||||
[1]Represents amortized cost for debt securities and cost for equity investments.[2]Fair value determined in good faith by the Company’s board of directors (see Note 9), including via delegation to CIM as the Company’s valuation designee (see Note 2), using significant unobservable inputs unless otherwise noted.[3]Investment or a portion thereof held within the Company’s wholly-owned consolidated subsidiary, Murray Hill Funding II, LLC, or Murray Hill Funding II, and was pledged as collateral supporting the amounts outstanding under the repurchase agreement with UBS AG, or UBS, as of June 30, 2023 (see Note 8).[4]The actual Secured Overnight Financing Rate, or SOFR, rate for each loan listed may not be the applicable SOFR rate as of June 30, 2023, as the loan may have been priced or repriced based on a SOFR rate prior to or subsequent to June 30, 2023. The actual London Interbank Offered Rate, or LIBOR, rate for each loan listed may not be the applicable LIBOR rate as of June 30, 2023, as the loan may have been priced or repriced based on a LIBOR rate prior to or subsequent to June 30, 2023.[5]The interest rate on these loans is subject to 3 month SOFR, which as of June 30, 2023 was 5.27%.[6]Investment or a portion thereof held within the Company’s wholly-owned consolidated subsidiary, Murray Hill Funding II, and was pledged as collateral supporting the amounts outstanding under the repurchase agreement with UBS as of December 31, 2022 (see Note 8).[7]The actual LIBOR rate for each loan listed may not be the applicable LIBOR rate as of December 31, 2022, as the loan may have been priced or repriced based on a LIBOR rate prior to or subsequent to December 31, 2022. The actual SOFR rate for each loan listed may not be the applicable SOFR rate as of December 31, 2022, as the loan may have been priced or repriced based on a SOFR rate prior to or subsequent to December 31, 2022.[8]The interest rate on these loans is subject to 3 month SOFR, which as of December 31, 2022 was 4.59%.[9]Denominated in U.S. dollars unless otherwise noted.[10]Investment or a portion thereof held within the Company’s wholly-owned consolidated subsidiary, 34th Street, and was pledged as collateral supporting the amounts outstanding under the credit facility with JPM as of December 31, 2022 (see Note 8).[11]The interest rate on these loans is subject to 3 month LIBOR, which as of December 31, 2022 was 4.77%.[12]Investment or a portion thereof held within the Company’s wholly-owned consolidated subsidiary, 34th Street Funding, LLC, or 34th Street, and was pledged as collateral supporting the amounts outstanding under the credit facility with JPMorgan Chase Bank, National Association, or JPM, as of June 30, 2023 (see Note 8).[13]The CLO subordinated notes are considered equity positions in the CLO vehicles and are not rated. Equity investments are entitled to recurring distributions, which are generally equal to the remaining cash flow of the payments made by the underlying vehicle's securities less contractual payments to debt holders and expenses. The estimated yield indicated is based upon a current projection of the amount and timing of these recurring distributions and the estimated amount of repayment of principal upon termination. Such projections are periodically reviewed and adjusted, and the estimated yield may not ultimately be realized.[14]The investment or a portion thereof is not a qualifying asset under the 1940 Act. A business development company may not acquire any asset other than qualifying assets, unless, at the time the acquisition is made, qualifying assets represent at least 70% of the company’s total assets as defined under Section 55 of the 1940 Act. As of June 30, 2023, 94.3% of the Company’s total assets represented qualifying assets.[15]The CLO subordinated notes are considered equity positions in the CLO vehicles and are not rated. Equity investments are entitled to recurring distributions, which are generally equal to the remaining cash flow of the payments made by the underlying vehicle's securities less contractual payments to debt holders and expenses. The estimated yield indicated is based upon a current projection of the amount and timing of these recurring distributions and the estimated amount of repayment of principal upon termination. Such projections are periodically reviewed and adjusted, and the estimated yield may not ultimately be realize[16]The investment or a portion thereof is not a qualifying asset under the 1940 Act. A business development company may not acquire any asset other than qualifying assets, unless, at the time the acquisition is made, qualifying assets represent at least 70% of the company’s total assets as defined under Section 55 of the 1940 Act. As of December 31, 2022, 93.4% of the Company’s total assets represented qualifying assets.[17]Investment determined to be an affiliated investment as defined in the 1940 Act as the Company owns between 5% and 25% of the portfolio company’s outstanding voting securities but does not control the portfolio company. Fair value as of December 31, 2022 and June 30, 2023, along with transactions during the six months ended June 30, 2023 in these affiliated investments, were as follows: Six Months Ended June 30, 2023 Six Months Ended June 30, 2023 Non-Controlled, Affiliated Investments Fair Value at Gross Gross Net Unrealized Gain (Loss) Fair Value at June 30, 2023 Net Realized Gain (Loss) Interest Dividend Income Fee Income Afore Insurance Services, LLC First Lien Term Loan $ — $ 4,583 $ — $ (11) $ 4,572 $ — $ 138 $ — $ — ARC Financial, LLC Membership Interests — — — — — — — 25 — Carestream Health, Inc. First Lien Term Loan 7,539 2,895 (115) 1,104 11,423 — 534 — — Carestream Health Holdings Inc. Common Shares 21,544 — — (828) 20,716 — — — — DESG Holdings, Inc. First Lien Term Loan 246 — (82) (34) 130 — — — — GSC Technologies Inc. Incremental Term Loan 154 6 (160) — — — 11 — — First Lien Term Loan A 2,064 14 — 49 2,127 — 136 — — First Lien Term Loan B 388 48 — 258 694 — 53 — — Common Shares — — — — — — — — — Instant Web Holdings, LLC Class A Common Units — — — — — — — — — Instant Web, LLC Revolving Loan 321 2,093 — (75) 2,339 — 78 — — Priming Term Loan 469 10 — — 479 — 27 — — First Lien Term Loan 28,167 2,447 — (5,265) 25,349 — 2,436 — — First Lien Delayed Draw Term Loan — — — (89) (89) — 8 — — IPP Buyer Holdings, LLC Class A Units — 10,740 — 993 11,733 — — — — Isagenix International, LLC First Lien Term Loan — 8,237 — — 8,237 — 189 — 477 Isagenix Worldwide, Inc. Common Shares — 8,987 — — 8,987 — — — — Lift Brands, Inc. Term Loan A 23,287 — (118) — 23,169 — 1,440 — 29 Term Loan B 5,154 234 — 42 5,430 — 280 — — Term Loan C 4,732 1,335 — (51) 6,016 — 348 — 1,891 Longview Intermediate Holdings C, LLC Membership Units 23,995 — — (2,315) 21,680 — — 3,881 — Longview Power, LLC First Lien Term Loan 2,348 — (1,389) (959) — — 1,306 — — Mount Logan Capital Inc. Common Stock 2,341 — — (75) 2,266 — — 27 — Snap Fitness Holdings, Inc. Class A Stock 5,123 — — (187) 4,936 — — — — Warrants 2,077 — — (76) 2,001 — — — — SRA Holdings, LLC Membership Units — 23,611 — 95 23,706 — — — — STATinMED, LLC First Lien Term Loan 9,107 683 — (133) 9,657 — 696 — — Delayed Draw First Lien Term Loan 156 6 (162) — — — 10 — — STATinMed Parent, LLC Class A Preferred Units 4,530 — — (2,004) 2,526 — — — — Class B Preferred Units 134 — — (134) — — — — — Totals $ 143,876 $ 65,929 $ (2,026) $ (9,695) $ 198,084 $ — $ 7,690 $ 3,933 $ 2,397 See accompanying notes to consolidated financial statements. CĪON Investment Corporation Consolidated Schedule of Investments (unaudited) June 30, 2023 (in thousands) (1) Gross additions include increases in the cost basis of investments resulting from new portfolio investments, PIK interest, the amortization of unearned income, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company into this category from a different category. (2) Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company out of this category into a different category. (3) Includes PIK interest income. Year Ended December 31, 2022 Year Ended December 31, 2022 Non-Controlled, Affiliated Investments Fair Value at Gross Gross Net Unrealized Gain (Loss) Fair Value at December 31, 2022 Net Realized Gain (Loss) Interest Dividend Income ARC Financial, LLC Membership Interests $ — $ — $ — $ — $ — $ — $ — $ 25 Berlitz Holdings, Inc. First Lien Term Loan — 13,956 (13,956) — — — 393 — Carestream Health, Inc. First Lien Term Loan — 7,596 — (57) 7,539 — 284 — Carestream Health Holdings Inc. Common Shares — 21,758 — (214) 21,544 — — — Charming Charlie, LLC Vendor Payment Financing Facility 350 — (657) 307 — (657) 26 — DESG Holdings, Inc. First Lien Term Loan 1,787 — (306) (1,235) 246 — 5 — Second Lien Term Loan — — (10,017) 10,017 — (10,017) — — GSC Technologies Inc. Incremental Term Loan 170 8 (24) — 154 — 22 — First Lien Term Loan A 2,001 26 — 37 2,064 — 193 — First Lien Term Loan B 485 67 — (164) 388 — 72 — Common Shares — — — — — — — — Instant Web Holdings, LLC Class A Common Units — — — — — — — — Instant Web, LLC Revolving Loan — 970 (649) — 321 — 26 — Priming Term Loan — 458 — 11 469 — 36 — First Lien Term Loan — 39,802 — (11,635) 28,167 — 3,314 — First Lien Delayed Draw Term Loan — — — — — — 14 — Language Education Holdings GP LLC Common Units — — — — — — — — Language Education Holdings LP Ordinary Common Units — 1,125 (1,125) — — — — — Lift Brands, Inc. Term Loan A 23,406 — (236) 117 23,287 — 2,252 — Term Loan B 5,156 235 — (237) 5,154 — 545 — Term Loan C 4,700 133 — (101) 4,732 — 1,412 — Longview Intermediate Holdings C, LLC Membership Units 15,127 — — 8,868 23,995 — — — Longview Power, LLC First Lien Term Loan 4,504 156 (1,391) (921) 2,348 — 1,952 — Mount Logan Capital Inc. Common Stock 3,404 — — (1,063) 2,341 — — 54 SIMR, LLC First Lien Term Loan 16,000 1,447 (21,261) 3,814 — (2,854) 804 — SIMR Parent, LLC Class B Membership Units — — (8,002) 8,002 — (8,002) — — Class W Membership Units — — — — — — — — See accompanying notes to consolidated financial statements CĪON Investment Corporation Consolidated Schedule of Investments December 31, 2022 (in thousands) Year Ended December 31, 2022 Year Ended December 31, 2022 Non-Controlled, Affiliated Investments Fair Value at Gross Gross Net Unrealized Gain (Loss) Fair Value at December 31, 2022 Net Realized Gain (Loss) Interest Dividend Income Snap Fitness Holdings, Inc. Class A Stock 3,131 — — 1,992 5,123 — — — Warrants 1,269 — — 808 2,077 — — — STATinMED, LLC First Lien Term Loan — 9,472 (250) (115) 9,107 — 719 — Delayed Draw First Lien Term Loan — 153 — 3 156 — — — STATinMed Parent, LLC Class A Preferred Units — 6,182 — (1,652) 4,530 — — — Class B Preferred Units — 3,193 — (3,059) 134 — — — Totals $ 81,490 $ 106,737 $ (57,874) $ 13,523 $ 143,876 $ (21,530) $ 12,069 $ 79 (1) Gross additions include increases in the cost basis of investments resulting from new portfolio investments, PIK interest, the amortization of unearned income, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company into this category from a different category. (2) Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company out of this category into a different category. (3) Includes PIK interest income. Interest Rate Portfolio Company Investment Type Cash PIK All-in-Rate Adapt Laser Acquisition, Inc. Senior Secured First Lien Debt 15.24% 2.00% 17.24% American Clinical Solutions LLC Senior Secured First Lien Debt 7.00% 5.19% 12.19% American Consolidated Natural Resources, Inc. Senior Secured First Lien Debt 18.27% 3.00% 21.27% Ancile Solutions, Inc. Senior Secured First Lien Debt 12.56% 3.00% 15.56% Anthem Sports & Entertainment Inc. Senior Secured First Lien Debt 11.91% 2.75% 14.66% CION/EagleTree Partners, LLC Senior Secured Note — 14.00% 14.00% David's Bridal, LLC Senior Secured First Lien Debt 14.25% 5.00% 19.25% David's Bridal, LLC Senior Secured First Lien Debt 10.54% 5.00% 15.54% David's Bridal, LLC Senior Secured First Lien Debt 1.00% 11.54% 12.54% Deluxe Entertainment Services, Inc. Senior Secured First Lien Debt 10.54% 1.50% 12.04% Fusion Connect Inc. Senior Secured First Lien Debt 12.86% 1.00% 13.86% GSC Technologies Inc. Senior Secured First Lien Debt — 10.23% 10.23% Hilliard, Martinez & Gonzales, LLP Senior Secured First Lien Debt — 17.27% 17.27% Homer City Generation, L.P. Senior Secured First Lien Debt — 15.00% 15.00% Instant Web, LLC Senior Secured First Lien Debt — 12.22% 12.22% Instant Web, LLC Senior Secured First Lien Debt — 12.00% 12.00% Instant Web, LLC Senior Secured Revolving Loan — 11.77% 11.77% K&N Parent, Inc. Senior Secured First Lien Debt — 13.40% 13.40% Klein Hersh, LLC Senior Secured First Lien Debt 4.90% 12.00% 16.90% Lift Brands, Inc. Senior Secured First Lien Debt — 9.50% 9.50% Lucky Bucks Holdings LLC Unsecured Note — 12.50% 12.50% Robert C. Hilliard, L.L.P. Senior Secured First Lien Debt — 17.27% 17.27% Rogers Mechanical Contractors, LLC Senior Secured First Lien Debt 12.09% 1.00% 13.09% Service Compression, LLC Senior Secured First Lien Debt 13.20% 2.00% 15.20% Spinal USA, Inc. / Precision Medical Inc. Senior Secured First Lien Debt — 14.68% 14.68% STATinMED, LLC Senior Secured First Lien Debt — 14.79% 14.79% Trademark Global, LLC Senior Secured First Lien Debt 8.10% 4.50% 12.60% Trammell, P.C. Senior Secured First Lien Debt — 20.72% 20.72% Williams Industrial Services Group, Inc. Senior Secured First Lien Debt 10.00% 6.18% 16.18% WPLM Acquisition Corp. Unsecured Note — 15.00% 15.00% Interest Rate Portfolio Company Investment Type Cash PIK All-in-Rate Adapt Laser Acquisition, Inc. Senior Secured First Lien Debt 14.76% 2.00% 16.76% American Clinical Solutions LLC Senior Secured First Lien Debt 7.00% 4.27% 11.27% American Consolidated Natural Resources, Inc. Senior Secured First Lien Debt 17.33% 3.00% 20.33% Ancile Solutions, Inc. Senior Secured First Lien Debt 11.75% 3.00% 14.75% Anthem Sports & Entertainment Inc. Senior Secured First Lien Debt 11.48% 2.75% 14.23% Cadence Aerospace, LLC Senior Secured First Lien Debt 10.92% 2.00% 12.92% CION/EagleTree Partners, LLC Senior Secured Note — 14.00% 14.00% David's Bridal, LLC Senior Secured First Lien Debt 9.28% 5.00% 14.28% David's Bridal, LLC Senior Secured First Lien Debt 1.00% 9.42% 10.42% Deluxe Entertainment Services, Inc. Senior Secured First Lien Debt 9.73% 1.50% 11.23% Fusion Connect Inc. Senior Secured First Lien Debt 11.69% 1.00% 12.69% GSC Technologies Inc. Senior Secured First Lien Debt — 9.12% 9.12% GSC Technologies Inc. Senior Secured First Lien Debt 9.37% 5.00% 14.37% Hilliard, Martinez & Gonzales, LLP Senior Secured First Lien Debt — 16.24% 16.24% Homer City Generation, L.P. Senior Secured First Lien Debt — 15.00% 15.00% Independent Pet Partners Intermediate Holdings, LLC Senior Secured First Lien Debt — 6.00% 6.00% Independent Pet Partners Intermediate Holdings, LLC Senior Secured First Lien Debt — 13.00% 13.00% Independent Pet Partners Intermediate Holdings, LLC Senior Secured First Lien Debt — 11.26% 11.26% Independent Pet Partners Intermediate Holdings, LLC Senior Secured First Lien Debt — 14.42% 14.42% Instant Web, LLC Senior Secured First Lien Debt — 11.38% 11.38% Lucky Bucks Holdings LLC Unsecured Note — 12.50% 12.50% Robert C. Hilliard, L.L.P. Senior Secured First Lien Debt — 16.24% 16.24% Rogers Mechanical Contractors, LLC Senior Secured First Lien Debt 11.70% 1.00% 12.70% Service Compression, LLC Senior Secured First Lien Debt 12.83% 2.00% 14.83% Spinal USA, Inc. / Precision Medical Inc. Senior Secured First Lien Debt — 13.24% 13.24% STATinMED, LLC Senior Secured First Lien Debt — 13.80% 13.80% STATinMED, LLC Senior Secured First Lien Debt — 13.94% 13.94% Trademark Global, LLC Senior Secured First Lien Debt 7.07% 4.50% 11.57% Trammell, P.C. Senior Secured First Lien Debt — 19.94% 19.94% Vesta Holdings, LLC Senior Secured First Lien Debt — 21.50% 21.50% Williams Industrial Services Group, Inc. Senior Secured First Lien Debt 10.00% 2.75% 12.75% WPLM Acquisition Corp. Unsecured Note — 15.00% 15.00% Six Months Ended June 30, 2023 Six Months Ended June 30, 2023 Controlled Investments Fair Value at Gross Gross Net Fair Value at June 30, 2023 Net Realized Interest Dividend Income CION/EagleTree Partners, LLC Senior Secured Note $ 60,348 $ — $ (5,521) $ — $ 54,827 $ — $ 3,891 $ — Participating Preferred Shares 30,766 — — (5,587) 25,179 — — 4,250 Common Shares — — — — — — — — Totals $ 91,114 $ — $ (5,521) $ (5,587) $ 80,006 $ — $ 3,891 $ 4,250 (1) Gross additions include increases in the cost basis of investments resulting from new portfolio investments, PIK interest, the amortization of unearned income, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company into this category from a different category. (2) Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company out of this category into a different category. (3) Includes PIK interest income . Year Ended December 31, 2022 Year Ended December 31, 2022 Controlled Investments Fair Value at Gross Gross Net Fair Value at Net Realized Interest Dividend Income CION/EagleTree Partners, LLC Senior Secured Note $ 61,629 $ 2,718 $ (3,999) $ — $ 60,348 $ — $ 8,531 $ — Participating Preferred Shares 29,796 — — 970 30,766 — — 1,275 Common Shares — — — — — — — — Totals $ 91,425 $ 2,718 $ (3,999) $ 970 $ 91,114 $ — $ 8,531 $ 1,275 (1) Gross additions include increases in the cost basis of investments resulting from new portfolio investments, PIK interest, the amortization of unearned income, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company into this category from a different category. (2) Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company out of this category into a different category. (3) Includes PIK interest income . Interest Rate Portfolio Company Investment Type Cash PIK All-in-Rate Adapt Laser Acquisition, Inc. Senior Secured First Lien Debt 15.24% 2.00% 17.24% American Clinical Solutions LLC Senior Secured First Lien Debt 7.00% 5.19% 12.19% American Consolidated Natural Resources, Inc. Senior Secured First Lien Debt 18.27% 3.00% 21.27% Ancile Solutions, Inc. Senior Secured First Lien Debt 12.56% 3.00% 15.56% Anthem Sports & Entertainment Inc. Senior Secured First Lien Debt 11.91% 2.75% 14.66% CION/EagleTree Partners, LLC Senior Secured Note — 14.00% 14.00% David's Bridal, LLC Senior Secured First Lien Debt 14.25% 5.00% 19.25% David's Bridal, LLC Senior Secured First Lien Debt 10.54% 5.00% 15.54% David's Bridal, LLC Senior Secured First Lien Debt 1.00% 11.54% 12.54% Deluxe Entertainment Services, Inc. Senior Secured First Lien Debt 10.54% 1.50% 12.04% Fusion Connect Inc. Senior Secured First Lien Debt 12.86% 1.00% 13.86% GSC Technologies Inc. Senior Secured First Lien Debt — 10.23% 10.23% Hilliard, Martinez & Gonzales, LLP Senior Secured First Lien Debt — 17.27% 17.27% Homer City Generation, L.P. Senior Secured First Lien Debt — 15.00% 15.00% Instant Web, LLC Senior Secured First Lien Debt — 12.22% 12.22% Instant Web, LLC Senior Secured First Lien Debt — 12.00% 12.00% Instant Web, LLC Senior Secured Revolving Loan — 11.77% 11.77% K&N Parent, Inc. Senior Secured First Lien Debt — 13.40% 13.40% Klein Hersh, LLC Senior Secured First Lien Debt 4.90% 12.00% 16.90% Lift Brands, Inc. Senior Secured First Lien Debt — 9.50% 9.50% Lucky Bucks Holdings LLC Unsecured Note — 12.50% 12.50% Robert C. Hilliard, L.L.P. Senior Secured First Lien Debt — 17.27% 17.27% Rogers Mechanical Contractors, LLC Senior Secured First Lien Debt 12.09% 1.00% 13.09% Service Compression, LLC Senior Secured First Lien Debt 13.20% 2.00% 15.20% Spinal USA, Inc. / Precision Medical Inc. Senior Secured First Lien Debt — 14.68% 14.68% STATinMED, LLC Senior Secured First Lien Debt — 14.79% 14.79% Trademark Global, LLC Senior Secured First Lien Debt 8.10% 4.50% 12.60% Trammell, P.C. Senior Secured First Lien Debt — 20.72% 20.72% Williams Industrial Services Group, Inc. Senior Secured First Lien Debt 10.00% 6.18% 16.18% WPLM Acquisition Corp. Unsecured Note — 15.00% 15.00% |
Joint Ventures - Balance Sheet
Joint Ventures - Balance Sheet Information (Details) - USD ($) | Jun. 30, 2023 | Dec. 31, 2022 | |
Condensed Balance Sheet Statements, Captions [Line Items] | |||
Investments, at fair value: | $ 1,788,462,000 | [1] | $ 1,760,030,000 |
Cash and other assets | 11,515,000 | 82,739,000 | |
Dividends receivable on controlled investments | 0 | 1,275,000 | |
Interest receivable on investments | 33,200,000 | 26,526,000 | |
Total assets | 1,834,782,000 | 1,872,411,000 | |
Senior secured notes (net of unamortized debt issuance costs of $82 and $94, respectively) | 976,737,000 | 951,322,000 | |
Total liabilities | 998,418,000 | 988,777,000 | |
Total liabilities and shareholders' equity | 1,834,782,000 | 1,872,411,000 | |
Investments, cost | 1,865,013,000 | [2] | 1,803,609,000 |
Deferred financing costs, net | 8,976,000 | 6,178,000 | |
CION/EagleTree | |||
Condensed Balance Sheet Statements, Captions [Line Items] | |||
Investments, at fair value: | 93,612,000 | 105,978,000 | |
Cash and other assets | 0 | 2,476,000 | |
Dividends receivable on controlled investments | 479,000 | 225,000 | |
Interest receivable on investments | 284,000 | 301,000 | |
Total assets | 94,375,000 | 108,980,000 | |
Senior secured notes (net of unamortized debt issuance costs of $82 and $94, respectively) | 64,420,000 | 70,904,000 | |
Other liabilities | 333,000 | 1,881,000 | |
Total liabilities | 64,753,000 | 72,785,000 | |
Members' capital | 29,622,000 | 36,195,000 | |
Total liabilities and shareholders' equity | 94,375,000 | 108,980,000 | |
Investments, cost | 89,808,000 | 102,619,000 | |
Deferred financing costs, net | $ 82,000 | $ 94,000 | |
[1]Fair value determined in good faith by the Company’s board of directors (see Note 9), including via delegation to CIM as the Company’s valuation designee (see Note 2), using significant unobservable inputs unless otherwise noted.[2]Represents amortized cost for debt securities and cost for equity investments. |
Joint Ventures - Statement of O
Joint Ventures - Statement of Operations Information (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | |
Condensed Income Statements, Captions [Line Items] | |||||
Net change in unrealized appreciation (depreciation) on investments | $ 23,406 | $ (20,734) | $ (32,972) | $ (32,259) | $ (5,314) |
Net (decrease) increase in net assets | 6,054 | (17,215) | (47,270) | (25,274) | (46,878) |
CION/EagleTree | |||||
Condensed Income Statements, Captions [Line Items] | |||||
Total revenues | 1,468 | 1,839 | 3,063 | 3,723 | 9,653 |
Total expenses | 2,566 | 2,802 | 5,258 | 5,522 | 11,120 |
Net realized gain on investments | 0 | 0 | 176 | 0 | 9,947 |
Net change in unrealized appreciation (depreciation) on investments | 409 | (695) | 446 | (153) | (5,839) |
Net (decrease) increase in net assets | $ (689) | $ (1,658) | $ (1,573) | $ (1,952) | $ 2,641 |
Financing Arrangements - Schedu
Financing Arrangements - Schedule of Financing Arrangements (Details) - USD ($) $ in Thousands | Jun. 14, 2023 | May 15, 2023 | Feb. 28, 2023 | Apr. 27, 2022 | Jun. 30, 2023 | Dec. 31, 2022 | Apr. 14, 2021 | Feb. 11, 2021 | Dec. 31, 2020 |
Debt Instrument [Line Items] | |||||||||
Amount Outstanding | $ 985,712 | ||||||||
Long-term debt | 976,737 | $ 951,322 | |||||||
Amount Available | 125,000 | ||||||||
JPM Credit Facility, SOFR | |||||||||
Debt Instrument [Line Items] | |||||||||
Rate | 3.20% | ||||||||
Amount Outstanding | 600,000 | ||||||||
Amount Available | 75,000 | ||||||||
JPM Credit Facility, SOFR | SOFR | |||||||||
Debt Instrument [Line Items] | |||||||||
Rate | 3.05% | ||||||||
2026 Notes | |||||||||
Debt Instrument [Line Items] | |||||||||
Long-term debt | 125,000 | ||||||||
Amount Available | 0 | ||||||||
2026 Notes | Unsecured debt | |||||||||
Debt Instrument [Line Items] | |||||||||
Interest rate | 4.50% | ||||||||
Fair value of debt | 122,500 | ||||||||
UBS Facility | |||||||||
Debt Instrument [Line Items] | |||||||||
Rate | 3.20% | ||||||||
Long-term debt | 100,000 | $ 133,333 | |||||||
Amount Available | 50,000 | ||||||||
UBS Facility | SOFR | |||||||||
Debt Instrument [Line Items] | |||||||||
Rate | 3.525% | ||||||||
Series A Notes | |||||||||
Debt Instrument [Line Items] | |||||||||
Amount Outstanding | 80,712 | ||||||||
Long-term debt | $ 50 | ||||||||
Amount Available | 0 | ||||||||
Series A Notes | SOFR | |||||||||
Debt Instrument [Line Items] | |||||||||
Rate | 3.82% | ||||||||
2022 More Term Loan | |||||||||
Debt Instrument [Line Items] | |||||||||
Amount Outstanding | 50,000 | ||||||||
Amount Available | 0 | ||||||||
2022 More Term Loan | Unsecured debt | |||||||||
Debt Instrument [Line Items] | |||||||||
Long-term debt | $ 50,000 | ||||||||
2022 More Term Loan | SOFR | |||||||||
Debt Instrument [Line Items] | |||||||||
Rate | 3.50% | ||||||||
2021 More Term Loan | |||||||||
Debt Instrument [Line Items] | |||||||||
Amount Outstanding | 30,000 | ||||||||
Amount Available | 0 | ||||||||
Fair value of debt | $ 29,513 | ||||||||
2021 More Term Loan | Unsecured debt | |||||||||
Debt Instrument [Line Items] | |||||||||
Interest rate | 5.20% | ||||||||
Long-term debt | $ 30,000 |
Financing Arrangements - Narrat
Financing Arrangements - Narrative (Details) $ in Thousands | 4 Months Ended | 6 Months Ended | |||||||||||||||||||||||||
Jun. 14, 2023 | May 15, 2023 USD ($) | Apr. 14, 2023 USD ($) | Mar. 07, 2023 USD ($) | Feb. 28, 2023 USD ($) | Apr. 27, 2022 USD ($) | Mar. 28, 2022 USD ($) | Aug. 20, 2021 USD ($) | Apr. 14, 2021 USD ($) | Feb. 26, 2021 USD ($) | Feb. 11, 2021 USD ($) | Dec. 17, 2020 USD ($) | Nov. 19, 2020 | May 15, 2020 USD ($) | May 19, 2017 USD ($) d subsidiary | Aug. 26, 2016 USD ($) | Apr. 02, 2018 USD ($) | Jun. 30, 2023 USD ($) | Dec. 31, 2022 USD ($) | Apr. 19, 2022 USD ($) | Dec. 14, 2021 USD ($) | Jul. 01, 2021 USD ($) | Dec. 31, 2020 USD ($) | May 19, 2020 USD ($) | May 23, 2018 USD ($) | Dec. 01, 2017 USD ($) | Sep. 30, 2016 USD ($) | |
Line of Credit Facility [Line Items] | |||||||||||||||||||||||||||
Principal amount | $ 985,712 | ||||||||||||||||||||||||||
Deferred financing costs, net | 8,976 | $ 6,178 | |||||||||||||||||||||||||
Long-term debt | 976,737 | 951,322 | |||||||||||||||||||||||||
Total assets | 1,834,782 | 1,872,411 | |||||||||||||||||||||||||
Amount Available | 125,000 | ||||||||||||||||||||||||||
Murray Hill Funding II | |||||||||||||||||||||||||||
Line of Credit Facility [Line Items] | |||||||||||||||||||||||||||
Total assets | 229,265 | ||||||||||||||||||||||||||
Revolving Credit Facility | LIBOR | |||||||||||||||||||||||||||
Line of Credit Facility [Line Items] | |||||||||||||||||||||||||||
Rate | 3.375% | ||||||||||||||||||||||||||
JPM Credit Facility | Credit Facility | |||||||||||||||||||||||||||
Line of Credit Facility [Line Items] | |||||||||||||||||||||||||||
Proceeds from issuance of long-term debt | $ 57,000 | ||||||||||||||||||||||||||
JPM Credit Facility | Secured Debt | |||||||||||||||||||||||||||
Line of Credit Facility [Line Items] | |||||||||||||||||||||||||||
Prepayment premium percentage | 1% | ||||||||||||||||||||||||||
Unused fee percentage | 1% | ||||||||||||||||||||||||||
Long-term line of credit | $ 600,000 | $ 610,000 | |||||||||||||||||||||||||
Membership interest exchange percentage | 100% | ||||||||||||||||||||||||||
Debt issuance costs | $ 13,790 | ||||||||||||||||||||||||||
Deferred financing costs, net | 3,726 | ||||||||||||||||||||||||||
JPM Credit Facility | Secured Debt | LIBOR | |||||||||||||||||||||||||||
Line of Credit Facility [Line Items] | |||||||||||||||||||||||||||
Rate | 0.15% | 3.10% | 3.25% | ||||||||||||||||||||||||
JPM Credit Facility | Secured Debt | SOFR | |||||||||||||||||||||||||||
Line of Credit Facility [Line Items] | |||||||||||||||||||||||||||
Rate | 0.15% | ||||||||||||||||||||||||||
JPM Credit Facility | Secured Debt | Credit Facility | |||||||||||||||||||||||||||
Line of Credit Facility [Line Items] | |||||||||||||||||||||||||||
Principal amount | $ 675,000 | $ 675,000 | $ 575,000 | $ 700,000 | 150,000 | $ 275,000 | $ 225,000 | ||||||||||||||||||||
Line of credit facility, additional advances amount | $ 100,000 | ||||||||||||||||||||||||||
Line of credit facility, increase (decrease), net | (50,000) | ||||||||||||||||||||||||||
Amount Available | $ 550,000 | ||||||||||||||||||||||||||
JPM Credit Facility | Revolving Credit Facility | Credit Facility | |||||||||||||||||||||||||||
Line of Credit Facility [Line Items] | |||||||||||||||||||||||||||
Principal amount | 75,000 | $ 25,000 | $ 25,000 | $ 25,000 | |||||||||||||||||||||||
UBS Facility | |||||||||||||||||||||||||||
Line of Credit Facility [Line Items] | |||||||||||||||||||||||||||
Rate | 3.20% | ||||||||||||||||||||||||||
Debt instrument, aggregate principal amount | $ 125,000 | $ 200,000 | |||||||||||||||||||||||||
Long-term debt | 100,000 | $ 133,333 | |||||||||||||||||||||||||
Number of financing subsidiaries | subsidiary | 2 | ||||||||||||||||||||||||||
Debt instrument, redemption price, percentage of principal amount redeemed | 65% | 75% | |||||||||||||||||||||||||
Debt instrument, repurchased face amount | $ 133,333 | ||||||||||||||||||||||||||
Debt instrument, repurchase amount | $ 100,000 | $ 100,000 | |||||||||||||||||||||||||
Repayments of debt, percentage | 50% | ||||||||||||||||||||||||||
Percentage of initial market value | 10% | ||||||||||||||||||||||||||
Amount Available | 50,000 | ||||||||||||||||||||||||||
UBS Facility | Murray Hill Funding II | |||||||||||||||||||||||||||
Line of Credit Facility [Line Items] | |||||||||||||||||||||||||||
Debt issuance costs | $ 2,637 | ||||||||||||||||||||||||||
Debt instrument, aggregate principal amount | $ 192,308 | $ 266,667 | |||||||||||||||||||||||||
Number of business days to cure payment failure | d | 3 | ||||||||||||||||||||||||||
UBS Facility | LIBOR | |||||||||||||||||||||||||||
Line of Credit Facility [Line Items] | |||||||||||||||||||||||||||
Rate | 3.375% | 3.90% | 3.50% | ||||||||||||||||||||||||
UBS Facility | SOFR | |||||||||||||||||||||||||||
Line of Credit Facility [Line Items] | |||||||||||||||||||||||||||
Rate | 3.525% | ||||||||||||||||||||||||||
UBS Facility | Secured Debt | |||||||||||||||||||||||||||
Line of Credit Facility [Line Items] | |||||||||||||||||||||||||||
Repayments of long-term debt | $ 100,000 | ||||||||||||||||||||||||||
JPM Credit Facility, SOFR | |||||||||||||||||||||||||||
Line of Credit Facility [Line Items] | |||||||||||||||||||||||||||
Principal amount | 600,000 | ||||||||||||||||||||||||||
Rate | 3.20% | ||||||||||||||||||||||||||
Amount Available | 75,000 | ||||||||||||||||||||||||||
JPM Credit Facility, SOFR | SOFR | |||||||||||||||||||||||||||
Line of Credit Facility [Line Items] | |||||||||||||||||||||||||||
Rate | 3.05% | ||||||||||||||||||||||||||
JPM Credit Facility, SOFR | Secured Debt | SOFR | |||||||||||||||||||||||||||
Line of Credit Facility [Line Items] | |||||||||||||||||||||||||||
Rate | 3.10% | ||||||||||||||||||||||||||
2026 Notes | |||||||||||||||||||||||||||
Line of Credit Facility [Line Items] | |||||||||||||||||||||||||||
Long-term debt | 125,000 | ||||||||||||||||||||||||||
Amount Available | 0 | ||||||||||||||||||||||||||
2026 Notes | Unsecured debt | |||||||||||||||||||||||||||
Line of Credit Facility [Line Items] | |||||||||||||||||||||||||||
Proceeds from issuance of long-term debt | $ 122,300 | ||||||||||||||||||||||||||
Debt issuance costs | 2,669 | ||||||||||||||||||||||||||
Deferred financing costs, net | $ 1,398 | ||||||||||||||||||||||||||
Debt instrument, aggregate principal amount | $ 125,000 | ||||||||||||||||||||||||||
Interest rate | 4.50% | ||||||||||||||||||||||||||
Debt instrument, redemption, minimum threshold percentage | 10% | ||||||||||||||||||||||||||
Minimum shareholders' equity, percentage of net asset value | 60% | ||||||||||||||||||||||||||
Net cash proceeds sale of certain equity interests | 50% | ||||||||||||||||||||||||||
Minimum asset coverage ratio | 150% | ||||||||||||||||||||||||||
Minimum interest coverage ratio | 1.25 | ||||||||||||||||||||||||||
Unencumbered asset coverage ratio | 1.25 | ||||||||||||||||||||||||||
Percentage of secured loans and cash of total unencumbered assets | 65% | ||||||||||||||||||||||||||
Percentage of equity interests of total unencumbered assets | 15% | ||||||||||||||||||||||||||
Unsecured credit facilities, loans or indebtedness in excess | $ 25,000 | ||||||||||||||||||||||||||
Minimum threshold of principal amount subject to evens of default | $ 25,000 | ||||||||||||||||||||||||||
2026 Notes | Unsecured debt | On Or Before February 11, 2024 | |||||||||||||||||||||||||||
Line of Credit Facility [Line Items] | |||||||||||||||||||||||||||
Redemption discount, percentage | 0.50% | ||||||||||||||||||||||||||
Debt instrument, redemption price, percentage of principal amount redeemed | 100% | ||||||||||||||||||||||||||
2026 Notes | Unsecured debt | On Or Before February 11, 2025 | |||||||||||||||||||||||||||
Line of Credit Facility [Line Items] | |||||||||||||||||||||||||||
Debt instrument, redemption price, percentage of principal amount redeemed | 102% | ||||||||||||||||||||||||||
2026 Notes | Unsecured debt | After February 11, 2025 But On Or Before August 11, 2025 | |||||||||||||||||||||||||||
Line of Credit Facility [Line Items] | |||||||||||||||||||||||||||
Debt instrument, redemption price, percentage of principal amount redeemed | 101% | ||||||||||||||||||||||||||
2026 Notes | Unsecured debt | After August 11, 2025 | |||||||||||||||||||||||||||
Line of Credit Facility [Line Items] | |||||||||||||||||||||||||||
Debt instrument, redemption price, percentage of principal amount redeemed | 100% | ||||||||||||||||||||||||||
A-R Notes | |||||||||||||||||||||||||||
Line of Credit Facility [Line Items] | |||||||||||||||||||||||||||
Repayments of long-term debt | $ 25 | $ 17,500 | $ 21,000 | ||||||||||||||||||||||||
Debt instrument, redemption price, percentage of principal amount redeemed | 100% | ||||||||||||||||||||||||||
Debt instrument, repurchased face amount | 25 | 17,500 | 21,000 | ||||||||||||||||||||||||
Debt instrument, repurchase amount | $ 25 | $ 17,500 | $ 21,000 | ||||||||||||||||||||||||
A-R Notes | Revolving Credit Facility | |||||||||||||||||||||||||||
Line of Credit Facility [Line Items] | |||||||||||||||||||||||||||
Principal amount | $ 50,000 | ||||||||||||||||||||||||||
Unused fee percentage | 0.75% | ||||||||||||||||||||||||||
Debt instrument, repurchased face amount | $ 17,500 | $ 25,000 | $ 21,000 | ||||||||||||||||||||||||
Debt instrument, face amount that may be issued | $ 150,000 | ||||||||||||||||||||||||||
A-R Notes | Revolving Credit Facility | LIBOR | |||||||||||||||||||||||||||
Line of Credit Facility [Line Items] | |||||||||||||||||||||||||||
Rate | 3.375% | ||||||||||||||||||||||||||
Series A Notes | |||||||||||||||||||||||||||
Line of Credit Facility [Line Items] | |||||||||||||||||||||||||||
Principal amount | $ 80,712 | ||||||||||||||||||||||||||
Proceeds from issuance of long-term debt | $ 77,900 | ||||||||||||||||||||||||||
Debt instrument, aggregate principal amount | $ 80,712 | ||||||||||||||||||||||||||
Minimum asset coverage ratio | 150% | ||||||||||||||||||||||||||
Unencumbered asset coverage ratio | 1.25 | ||||||||||||||||||||||||||
Long-term debt | $ 50 | ||||||||||||||||||||||||||
Minimum shareholders' equity, amount of net asset value | $ 525,000 | ||||||||||||||||||||||||||
Amount Available | 0 | ||||||||||||||||||||||||||
Series A Notes | SOFR | |||||||||||||||||||||||||||
Line of Credit Facility [Line Items] | |||||||||||||||||||||||||||
Rate | 3.82% | ||||||||||||||||||||||||||
Series A Notes | Secured Debt | |||||||||||||||||||||||||||
Line of Credit Facility [Line Items] | |||||||||||||||||||||||||||
Debt issuance costs | 3,006 | ||||||||||||||||||||||||||
Deferred financing costs, net | 2,714 | ||||||||||||||||||||||||||
2022 More Term Loan | |||||||||||||||||||||||||||
Line of Credit Facility [Line Items] | |||||||||||||||||||||||||||
Principal amount | 50,000 | ||||||||||||||||||||||||||
Proceeds from issuance of long-term debt | $ 49,000 | ||||||||||||||||||||||||||
Amount Available | 0 | ||||||||||||||||||||||||||
2022 More Term Loan | SOFR | |||||||||||||||||||||||||||
Line of Credit Facility [Line Items] | |||||||||||||||||||||||||||
Rate | 3.50% | ||||||||||||||||||||||||||
2022 More Term Loan | Unsecured debt | |||||||||||||||||||||||||||
Line of Credit Facility [Line Items] | |||||||||||||||||||||||||||
Debt issuance costs | 1,025 | ||||||||||||||||||||||||||
Deferred financing costs, net | 784 | ||||||||||||||||||||||||||
Debt instrument, aggregate principal amount | $ 50,000 | ||||||||||||||||||||||||||
Minimum shareholders' equity, percentage of net asset value | 60% | ||||||||||||||||||||||||||
Net cash proceeds sale of certain equity interests | 50% | ||||||||||||||||||||||||||
Minimum asset coverage ratio | 150% | ||||||||||||||||||||||||||
Unencumbered asset coverage ratio | 1.25 | ||||||||||||||||||||||||||
Percentage of secured loans and cash of total unencumbered assets | 65% | ||||||||||||||||||||||||||
Percentage of equity interests of total unencumbered assets | 15% | ||||||||||||||||||||||||||
Minimum threshold of principal amount subject to evens of default | $ 25,000 | ||||||||||||||||||||||||||
Long-term debt | $ 50,000 | ||||||||||||||||||||||||||
2022 More Term Loan | Unsecured debt | SOFR | |||||||||||||||||||||||||||
Line of Credit Facility [Line Items] | |||||||||||||||||||||||||||
Debt instrument, basis spread on prepayment fee | 2% | ||||||||||||||||||||||||||
2022 More Term Loan | Unsecured debt | SOFR Floor Rate | |||||||||||||||||||||||||||
Line of Credit Facility [Line Items] | |||||||||||||||||||||||||||
Rate | 1% | ||||||||||||||||||||||||||
2021 More Term Loan | |||||||||||||||||||||||||||
Line of Credit Facility [Line Items] | |||||||||||||||||||||||||||
Principal amount | 30,000 | ||||||||||||||||||||||||||
Amount Available | 0 | ||||||||||||||||||||||||||
2021 More Term Loan | Unsecured debt | |||||||||||||||||||||||||||
Line of Credit Facility [Line Items] | |||||||||||||||||||||||||||
Proceeds from issuance of long-term debt | $ 29,000 | ||||||||||||||||||||||||||
Debt issuance costs | 992 | ||||||||||||||||||||||||||
Deferred financing costs, net | $ 354 | ||||||||||||||||||||||||||
Debt instrument, aggregate principal amount | $ 30,000 | ||||||||||||||||||||||||||
Interest rate | 5.20% | ||||||||||||||||||||||||||
Minimum shareholders' equity, percentage of net asset value | 60% | ||||||||||||||||||||||||||
Net cash proceeds sale of certain equity interests | 50% | ||||||||||||||||||||||||||
Minimum asset coverage ratio | 150% | ||||||||||||||||||||||||||
Unencumbered asset coverage ratio | 1.25 | ||||||||||||||||||||||||||
Percentage of secured loans and cash of total unencumbered assets | 65% | ||||||||||||||||||||||||||
Percentage of equity interests of total unencumbered assets | 15% | ||||||||||||||||||||||||||
Minimum threshold of principal amount subject to evens of default | $ 25,000 | ||||||||||||||||||||||||||
Long-term debt | $ 30,000 | ||||||||||||||||||||||||||
Debt instrument, basis spread on prepayment fee | 2% |
Financing Arrangements - Sche_2
Financing Arrangements - Schedule of Credit Facility (Details) - USD ($) $ in Thousands | 2 Months Ended | 3 Months Ended | 4 Months Ended | 6 Months Ended | 8 Months Ended | 12 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | Dec. 31, 2022 | |
Debt Instrument [Line Items] | ||||||||
Amortization of debt issuance costs | $ 1,001 | $ 812 | $ 1,896 | $ 1,504 | $ 3,175 | |||
JPM Credit Facility | ||||||||
Debt Instrument [Line Items] | ||||||||
Stated interest expense | 12,385 | 6,056 | 24,375 | 10,763 | 29,254 | |||
Amortization of debt issuance costs | 532 | 571 | 1,096 | 1,061 | 2,214 | |||
Non-usage fee | 189 | 193 | 360 | 263 | 617 | |||
Total interest expense | $ 13,106 | $ 6,820 | $ 25,831 | $ 12,087 | $ 32,085 | |||
Weighted average interest rate | 8.30% | 4.12% | 8.16% | 3.81% | 4.99% | |||
Average borrowings | $ 600,000 | $ 598,571 | $ 603,315 | $ 575,083 | $ 590,603 | |||
2026 Notes | ||||||||
Debt Instrument [Line Items] | ||||||||
Stated interest expense | 1,406 | 1,422 | 2,812 | 2,828 | 5,600 | |||
Amortization of debt issuance costs | 133 | 133 | 264 | 264 | 533 | |||
Total interest expense | $ 1,539 | $ 1,555 | $ 3,076 | $ 3,092 | $ 6,133 | |||
Weighted average interest rate | 4.50% | 4.50% | 4.50% | 4.50% | 4.50% | |||
Average borrowings | $ 125,000 | $ 125,000 | $ 125,000 | $ 125,000 | $ 125,000 | |||
UBS Facility | ||||||||
Debt Instrument [Line Items] | ||||||||
Stated interest expense | 2,162 | 1,533 | 4,966 | 2,680 | 7,273 | |||
Non-usage fee | 89 | 21 | 112 | 68 | 96 | |||
Total interest expense | $ 2,251 | $ 1,554 | $ 5,078 | $ 2,748 | $ 7,369 | |||
Weighted average interest rate | 8.62% | 4.42% | 8.39% | 4.14% | 5.29% | |||
Average borrowings | $ 103,297 | $ 139,038 | $ 120,373 | $ 132,058 | $ 137,322 | |||
Series A Notes | ||||||||
Debt Instrument [Line Items] | ||||||||
Stated interest expense | 1,781 | $ 2,399 | ||||||
Amortization of debt issuance costs | 212 | 290 | ||||||
Total interest expense | $ 1,993 | $ 2,689 | ||||||
Weighted average interest rate | 8.73% | 8.73% | ||||||
Average borrowings | $ 80,712 | $ 80,712 | ||||||
2022 More Term Loan | ||||||||
Debt Instrument [Line Items] | ||||||||
Stated interest expense | $ 410 | 1,061 | 2,073 | $ 2,027 | ||||
Amortization of debt issuance costs | 36 | 51 | 102 | 140 | ||||
Total interest expense | $ 446 | $ 1,112 | $ 2,175 | $ 2,167 | ||||
Weighted average interest rate | 4.54% | 8.40% | 8.25% | 5.86% | ||||
Average borrowings | $ 50 | $ 50 | $ 50 | $ 50 | ||||
2021 More Term Loan | ||||||||
Debt Instrument [Line Items] | ||||||||
Stated interest expense | 394 | 394 | 784 | 784 | 1,582 | |||
Amortization of debt issuance costs | 72 | 72 | 143 | 143 | 288 | |||
Total interest expense | $ 466 | $ 466 | $ 927 | $ 927 | $ 1,870 | |||
Weighted average interest rate | 5.20% | 5.20% | 5.20% | 5.20% | 5.20% | |||
Average borrowings | $ 30 | $ 30 | $ 30 | $ 30 | $ 30 |
Fair Value of Financial Instr_3
Fair Value of Financial Instruments - Schedule of Portfolio Investments by Level in the Fair Value Hierarchy (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Investments, fair value disclosure | $ 1,763,283 | $ 1,729,264 | ||
Investments, at fair value: | 1,788,462 | [1] | 1,760,030 | |
Controlled investments | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Investments, at fair value: | 80,006 | 91,114 | $ 91,425 | |
Controlled investments | CION/EagleTree Partners, LLC | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Investments, at fair value: | 25,179 | 30,766 | ||
Senior secured first lien debt | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Investments, fair value disclosure | 1,468,630 | 1,579,512 | ||
Senior secured second lien debt | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Investments, fair value disclosure | 39,544 | 38,769 | ||
Collateralized securities and structured products - equity | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Investments, fair value disclosure | 1,046 | 1,179 | ||
Unsecured debt | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Investments, fair value disclosure | 17,301 | 22,643 | ||
Equity | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Investments, fair value disclosure | 135,991 | 76,292 | ||
Short term investments | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Investments, fair value disclosure | 100,771 | 10,869 | ||
Level 1 | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Investments, fair value disclosure | 103,037 | 13,210 | ||
Level 1 | Senior secured first lien debt | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Investments, fair value disclosure | 0 | 0 | ||
Level 1 | Senior secured second lien debt | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Investments, fair value disclosure | 0 | 0 | ||
Level 1 | Collateralized securities and structured products - equity | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Investments, fair value disclosure | 0 | 0 | ||
Level 1 | Unsecured debt | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Investments, fair value disclosure | 0 | 0 | ||
Level 1 | Equity | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Investments, fair value disclosure | 2,266 | 2,341 | ||
Level 1 | Short term investments | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Investments, fair value disclosure | 100,771 | 10,869 | ||
Level 2 | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Investments, fair value disclosure | 0 | 0 | ||
Level 2 | Senior secured first lien debt | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Investments, fair value disclosure | 0 | 0 | ||
Level 2 | Senior secured second lien debt | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Investments, fair value disclosure | 0 | 0 | ||
Level 2 | Collateralized securities and structured products - equity | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Investments, fair value disclosure | 0 | 0 | ||
Level 2 | Unsecured debt | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Investments, fair value disclosure | 0 | 0 | ||
Level 2 | Equity | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Investments, fair value disclosure | 0 | 0 | ||
Level 2 | Short term investments | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Investments, fair value disclosure | 0 | 0 | ||
Level 3 | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Investments, fair value disclosure | 1,660,246 | 1,716,054 | ||
Investments, at fair value: | 1,660,246 | 1,716,054 | ||
Level 3 | Senior secured first lien debt | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Investments, fair value disclosure | 1,468,630 | 1,579,512 | ||
Level 3 | Senior secured second lien debt | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Investments, fair value disclosure | 39,544 | 38,769 | ||
Level 3 | Collateralized securities and structured products - equity | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Investments, fair value disclosure | 1,046 | 1,179 | ||
Level 3 | Unsecured debt | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Investments, fair value disclosure | 17,301 | 22,643 | ||
Level 3 | Equity | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Investments, fair value disclosure | 133,725 | 73,951 | ||
Level 3 | Short term investments | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Investments, fair value disclosure | $ 0 | $ 0 | ||
[1]Fair value determined in good faith by the Company’s board of directors (see Note 9), including via delegation to CIM as the Company’s valuation designee (see Note 2), using significant unobservable inputs unless otherwise noted. |
Fair Value of Financial Instr_4
Fair Value of Financial Instruments - Changes in Level 3 Portfolio Investments Rollforward (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] | Gain (Loss), Investment and Derivative, Operating, and Foreign Currency Transaction, after Tax | Gain (Loss), Investment and Derivative, Operating, and Foreign Currency Transaction, after Tax | Gain (Loss), Investment and Derivative, Operating, and Foreign Currency Transaction, after Tax | Gain (Loss), Investment and Derivative, Operating, and Foreign Currency Transaction, after Tax |
Total | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||
Beginning balance | $ 1,629,058 | $ 1,706,556 | $ 1,716,054 | $ 1,632,922 |
Investments purchased | 111,557 | 179,201 | 188,242 | 322,741 |
Accretion of discount | 2,601 | 2,478 | 6,943 | 4,974 |
Sales and principal repayments | (87,971) | (109,553) | (200,231) | (170,585) |
Ending balance | 1,660,246 | 1,760,395 | 1,660,246 | 1,760,395 |
Change in net unrealized appreciation (depreciation) on investments | 6,732 | (21,338) | (31,031) | (31,058) |
Total | Debt and Equity Securities, Realized Gain (Loss) | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||
Total gains or losses included in earnings | (18,928) | 180 | (23,453) | 111 |
Total | Debt and Equity Securities, Unrealized Gain (Loss) | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||
Total gains or losses included in earnings | 23,929 | (18,467) | (27,309) | (29,768) |
Senior Secured First Lien Debt | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||
Beginning balance | 1,472,453 | 1,597,364 | 1,579,512 | 1,526,989 |
Investments purchased | 77,961 | 175,707 | 118,713 | 317,499 |
Accretion of discount | 2,541 | 2,131 | 6,810 | 4,535 |
Sales and principal repayments | (87,870) | (93,196) | (200,045) | (154,038) |
Ending balance | 1,468,630 | 1,660,828 | 1,468,630 | 1,660,828 |
Change in net unrealized appreciation (depreciation) on investments | 5,280 | (21,519) | (22,169) | (34,992) |
Senior Secured First Lien Debt | Debt and Equity Securities, Realized Gain (Loss) | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||
Total gains or losses included in earnings | (13,163) | (34) | (17,674) | (107) |
Senior Secured First Lien Debt | Debt and Equity Securities, Unrealized Gain (Loss) | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||
Total gains or losses included in earnings | 16,708 | (21,144) | (18,686) | (34,050) |
Senior Secured Second Lien Debt | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||
Beginning balance | 38,997 | 36,875 | 38,769 | 38,583 |
Investments purchased | 0 | 1,836 | 0 | 1,836 |
Accretion of discount | 56 | 344 | 125 | 432 |
Sales and principal repayments | (5) | (15,000) | (9) | (15,000) |
Ending balance | 39,544 | 27,086 | 39,544 | 27,086 |
Change in net unrealized appreciation (depreciation) on investments | 496 | 525 | 659 | 873 |
Senior Secured Second Lien Debt | Debt and Equity Securities, Realized Gain (Loss) | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||
Total gains or losses included in earnings | 0 | 10 | 0 | 14 |
Senior Secured Second Lien Debt | Debt and Equity Securities, Unrealized Gain (Loss) | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||
Total gains or losses included in earnings | 496 | 3,021 | 659 | 1,221 |
Collateralized securities and structured products - equity | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||
Beginning balance | 1,133 | 2,632 | 1,179 | 2,998 |
Investments purchased | 0 | 0 | 0 | 0 |
Accretion of discount | 0 | 0 | 0 | 0 |
Sales and principal repayments | (96) | (854) | (177) | (1,044) |
Ending balance | 1,046 | 1,602 | 1,046 | 1,602 |
Change in net unrealized appreciation (depreciation) on investments | 9 | (176) | 44 | (352) |
Collateralized securities and structured products - equity | Debt and Equity Securities, Realized Gain (Loss) | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||
Total gains or losses included in earnings | 0 | 0 | 0 | 0 |
Collateralized securities and structured products - equity | Debt and Equity Securities, Unrealized Gain (Loss) | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||
Total gains or losses included in earnings | 9 | (176) | 44 | (352) |
Unsecured debt | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||
Beginning balance | 15,517 | 27,280 | 22,643 | 26,616 |
Investments purchased | 4,200 | 650 | 4,200 | 1,273 |
Accretion of discount | 4 | 3 | 8 | 7 |
Sales and principal repayments | 0 | 0 | 0 | 0 |
Ending balance | 17,301 | 27,994 | 17,301 | 27,994 |
Change in net unrealized appreciation (depreciation) on investments | (2,420) | 61 | (9,550) | 98 |
Unsecured debt | Debt and Equity Securities, Realized Gain (Loss) | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||
Total gains or losses included in earnings | 0 | 0 | 0 | |
Unsecured debt | Debt and Equity Securities, Unrealized Gain (Loss) | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||
Total gains or losses included in earnings | (2,420) | 61 | (9,550) | 98 |
Equity | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||
Beginning balance | 100,958 | 42,405 | 73,951 | 37,736 |
Investments purchased | 29,396 | 1,008 | 65,329 | 2,133 |
Accretion of discount | 0 | 0 | 0 | 0 |
Sales and principal repayments | 0 | (503) | 0 | (503) |
Ending balance | 133,725 | 42,885 | 133,725 | 42,885 |
Change in net unrealized appreciation (depreciation) on investments | 3,367 | (229) | (15) | 3,315 |
Equity | Debt and Equity Securities, Realized Gain (Loss) | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||
Total gains or losses included in earnings | (5,765) | 204 | (5,779) | 204 |
Equity | Debt and Equity Securities, Unrealized Gain (Loss) | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||||
Total gains or losses included in earnings | $ 9,136 | $ (229) | $ 224 | $ 3,315 |
Fair Value of Financial Instr_5
Fair Value of Financial Instruments - Schedule of Fair Value Measurement Inputs and Valuation Techniques (Details) | Jun. 30, 2023 USD ($) $ / shares | Dec. 31, 2022 USD ($) $ / shares | |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||
Fair Value | $ 1,788,462,000 | [1] | $ 1,760,030,000 |
Level 3 | |||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||
Fair Value | 1,660,246,000 | 1,716,054,000 | |
Level 3 | Senior secured first lien debt | Discounted Cash Flow | Discount Rates | |||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||
Fair Value | $ 1,281,080,000 | $ 1,471,816,000 | |
Level 3 | Senior secured first lien debt | Discounted Cash Flow | Minimum | Discount Rates | |||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||
Measurement input | 0.075 | 0.065 | |
Level 3 | Senior secured first lien debt | Discounted Cash Flow | Maximum | Discount Rates | |||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||
Measurement input | 0.400 | 0.340 | |
Level 3 | Senior secured first lien debt | Discounted Cash Flow | Weighted Average | Discount Rates | |||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||
Measurement input | 0.138 | 0.147 | |
Level 3 | Senior secured first lien debt | Broker Quotes | Broker Quotes | |||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||
Fair Value | $ 110,747,000 | $ 79,035,000 | |
Level 3 | Senior secured first lien debt | Market Comparable Approach | Revenue Multiple | |||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||
Fair Value | 53,487,000 | 20,050,000 | |
Level 3 | Senior secured first lien debt | Market Comparable Approach | EBITDA Multiple | |||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||
Fair Value | 19,036,000 | 3,552,000 | |
Level 3 | Senior secured first lien debt | Market Comparable Approach | $ per kW | |||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||
Fair Value | $ 3,794,000 | $ 4,527,000 | |
Measurement input | 129.77 | 131.85 | |
Level 3 | Senior secured first lien debt | Market Comparable Approach | Minimum | Revenue Multiple | |||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||
Measurement input | 0.17 | 0.25 | |
Level 3 | Senior secured first lien debt | Market Comparable Approach | Minimum | EBITDA Multiple | |||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||
Measurement input | 4 | 2.75 | |
Level 3 | Senior secured first lien debt | Market Comparable Approach | Maximum | Revenue Multiple | |||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||
Measurement input | 1.55 | 1.70 | |
Level 3 | Senior secured first lien debt | Market Comparable Approach | Maximum | EBITDA Multiple | |||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||
Measurement input | 9.75 | 4.25 | |
Level 3 | Senior secured first lien debt | Market Comparable Approach | Weighted Average | Revenue Multiple | |||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||
Measurement input | 1 | 1.19 | |
Level 3 | Senior secured first lien debt | Market Comparable Approach | Weighted Average | EBITDA Multiple | |||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||
Measurement input | 6.15 | 4.09 | |
Level 3 | Senior secured first lien debt | Other Valuation Technique | |||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||
Fair Value | $ 486,000 | $ 532,000 | |
Level 3 | Senior secured second lien debt | Discounted Cash Flow | Discount Rates | |||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||
Fair Value | $ 39,544,000 | $ 38,769,000 | |
Level 3 | Senior secured second lien debt | Discounted Cash Flow | Minimum | Discount Rates | |||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||
Measurement input | 0.135 | 0.143 | |
Level 3 | Senior secured second lien debt | Discounted Cash Flow | Maximum | Discount Rates | |||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||
Measurement input | 0.205 | 0.215 | |
Level 3 | Senior secured second lien debt | Discounted Cash Flow | Weighted Average | Discount Rates | |||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||
Measurement input | 0.168 | 0.172 | |
Level 3 | Collateralized securities and structured products - equity | Discounted Cash Flow | Discount Rates | |||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||
Fair Value | $ 1,046,000 | $ 1,179,000 | |
Measurement input | 0.210 | 0.210 | |
Level 3 | Unsecured debt | Discounted Cash Flow | Discount Rates | |||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||
Fair Value | $ 7,413,000 | $ 7,327,000 | |
Measurement input | 0.177 | ||
Level 3 | Unsecured debt | Discounted Cash Flow | Maximum | Discount Rates | |||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||
Measurement input | 0.165 | ||
Level 3 | Unsecured debt | Market Comparable Approach | EBITDA Multiple | |||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||
Fair Value | $ 15,316,000 | ||
Measurement input | 9.25 | ||
Level 3 | Unsecured debt | Contingent Claims Analysis | Expected Volatility | |||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||
Fair Value | $ 9,888,000 | ||
Measurement input | 1.100 | ||
Level 3 | Equity | Discounted Cash Flow | Discount Rates | |||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||
Fair Value | $ 2,238,000 | ||
Measurement input | 0.168 | ||
Level 3 | Equity | Broker Quotes | Broker Quotes | |||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||
Fair Value | $ 742,000 | $ 1,234,000 | |
Level 3 | Equity | Market Comparable Approach | Revenue Multiple | |||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||
Fair Value | 31,204,000 | 13,038,000 | |
Level 3 | Equity | Market Comparable Approach | EBITDA Multiple | |||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||
Fair Value | 80,099,000 | 33,441,000 | |
Level 3 | Equity | Market Comparable Approach | $ per kW | |||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||
Fair Value | $ 21,680,000 | $ 23,995,000 | |
Measurement input | $ / shares | 400 | 412.5 | |
Level 3 | Equity | Market Comparable Approach | Minimum | Revenue Multiple | |||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||
Measurement input | 0.13 | 0.13 | |
Level 3 | Equity | Market Comparable Approach | Minimum | EBITDA Multiple | |||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||
Measurement input | 4.75 | 2.75 | |
Level 3 | Equity | Market Comparable Approach | Maximum | Revenue Multiple | |||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||
Measurement input | 6 | 5.75 | |
Level 3 | Equity | Market Comparable Approach | Maximum | EBITDA Multiple | |||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||
Measurement input | 14.75 | 14.55 | |
Level 3 | Equity | Market Comparable Approach | Weighted Average | Revenue Multiple | |||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||
Measurement input | 1.05 | 2.93 | |
Level 3 | Equity | Market Comparable Approach | Weighted Average | EBITDA Multiple | |||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||
Measurement input | 9.74 | 7.02 | |
Level 3 | Equity | Options Pricing Model | Expected Volatility | |||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||
Fair Value | $ 5,000 | ||
Level 3 | Equity | Options Pricing Model | Minimum | Expected Volatility | |||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||
Measurement input | 0.800 | ||
Level 3 | Equity | Options Pricing Model | Maximum | Expected Volatility | |||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||
Measurement input | 0.900 | ||
Level 3 | Equity | Options Pricing Model | Weighted Average | Expected Volatility | |||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | |||
Measurement input | 0.873 | ||
[1]Fair value determined in good faith by the Company’s board of directors (see Note 9), including via delegation to CIM as the Company’s valuation designee (see Note 2), using significant unobservable inputs unless otherwise noted. |
General and Administrative Ex_3
General and Administrative Expense (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | |
General and Administrative Expense [Abstract] | |||||
Professional fees | $ 645 | $ 519 | $ 1,171 | $ 1,152 | $ 1,778 |
Transfer agent expense | 279 | 303 | 547 | 594 | 1,124 |
Dues and subscriptions | 44 | 80 | 473 | 615 | 791 |
Valuation expense | 252 | 212 | 425 | 391 | 821 |
Director fees and expenses | 179 | 161 | 348 | 315 | 632 |
Insurance expense | 169 | 254 | 336 | 505 | 833 |
Accounting and administrative costs | 158 | 145 | 324 | 302 | 524 |
Printing and marketing expense | 269 | 28 | 274 | 33 | 708 |
Other expenses | 79 | 10 | 131 | 27 | 67 |
General and administrative | $ 2,074 | $ 1,712 | $ 4,029 | $ 3,934 | $ 7,278 |
Commitments and Contingencies -
Commitments and Contingencies - Schedule of Unfunded Commitments (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
Guarantor Obligations [Line Items] | ||
Unfunded commitments amount | $ 56,378 | $ 71,420 |
Investment, Identifier [Axis]: American Health Staffing Group, Inc. | ||
Guarantor Obligations [Line Items] | ||
Unfunded commitments amount | 3,333 | 3,333 |
Investment, Identifier [Axis]: American Teleconferencing Services, Ltd. | ||
Guarantor Obligations [Line Items] | ||
Unfunded commitments amount | 235 | 235 |
Investment, Identifier [Axis]: Anthem Sports & Entertainment Inc. | ||
Guarantor Obligations [Line Items] | ||
Unfunded commitments amount | 167 | 167 |
Investment, Identifier [Axis]: Archer Systems, LLC | ||
Guarantor Obligations [Line Items] | ||
Unfunded commitments amount | 1,905 | 1,905 |
Investment, Identifier [Axis]: BDS Solutions Intermediateco, LLC | ||
Guarantor Obligations [Line Items] | ||
Unfunded commitments amount | 1,046 | 1,998 |
Investment, Identifier [Axis]: Bradshaw International Parent Corp. | ||
Guarantor Obligations [Line Items] | ||
Unfunded commitments amount | 1,844 | 1,844 |
Investment, Identifier [Axis]: Cennox, Inc. | ||
Guarantor Obligations [Line Items] | ||
Unfunded commitments amount | 7,193 | 7,567 |
Investment, Identifier [Axis]: Coyote Buyer, LLC | ||
Guarantor Obligations [Line Items] | ||
Unfunded commitments amount | 1,500 | 2,500 |
Investment, Identifier [Axis]: Critical Nurse Staffing, LLC | ||
Guarantor Obligations [Line Items] | ||
Unfunded commitments amount | 5,439 | 5,599 |
Investment, Identifier [Axis]: Dermcare Management, LLC | ||
Guarantor Obligations [Line Items] | ||
Unfunded commitments amount | 1,683 | 1,862 |
Investment, Identifier [Axis]: Flatworld Intermediate Corp. | ||
Guarantor Obligations [Line Items] | ||
Unfunded commitments amount | 5,865 | 5,865 |
Investment, Identifier [Axis]: H.W. Lochner, Inc. | ||
Guarantor Obligations [Line Items] | ||
Unfunded commitments amount | 225 | 225 |
Investment, Identifier [Axis]: HW Acquisition, LLC | ||
Guarantor Obligations [Line Items] | ||
Unfunded commitments amount | 2,200 | 2,200 |
Investment, Identifier [Axis]: Homer City Holdings LLC | ||
Guarantor Obligations [Line Items] | ||
Unfunded commitments amount | 0 | 3,000 |
Investment, Identifier [Axis]: Instant Web, LLC | ||
Guarantor Obligations [Line Items] | ||
Unfunded commitments amount | 3,574 | 5,628 |
Investment, Identifier [Axis]: Invincible Boat Company LLC | ||
Guarantor Obligations [Line Items] | ||
Unfunded commitments amount | 319 | 559 |
Investment, Identifier [Axis]: Ironhorse Purchaser, LLC | ||
Guarantor Obligations [Line Items] | ||
Unfunded commitments amount | 299 | 2,469 |
Investment, Identifier [Axis]: MacNeill Pride Group Corp. | ||
Guarantor Obligations [Line Items] | ||
Unfunded commitments amount | 2,017 | 2,017 |
Investment, Identifier [Axis]: Mimeo.com, Inc. | ||
Guarantor Obligations [Line Items] | ||
Unfunded commitments amount | 2,500 | 3,000 |
Investment, Identifier [Axis]: Moss Holding Company | ||
Guarantor Obligations [Line Items] | ||
Unfunded commitments amount | 2,232 | 2,232 |
Investment, Identifier [Axis]: NWN Parent Holdings LLC | ||
Guarantor Obligations [Line Items] | ||
Unfunded commitments amount | 1,200 | 90 |
Investment, Identifier [Axis]: OpCo Borrower, LLC | ||
Guarantor Obligations [Line Items] | ||
Unfunded commitments amount | 1,042 | 833 |
Investment, Identifier [Axis]: RA Outdoors, LLC | ||
Guarantor Obligations [Line Items] | ||
Unfunded commitments amount | 1,049 | 1,049 |
Investment, Identifier [Axis]: Rogers Mechanical Contractors, LLC | ||
Guarantor Obligations [Line Items] | ||
Unfunded commitments amount | 2,404 | 3,365 |
Investment, Identifier [Axis]: RumbleOn, Inc. | ||
Guarantor Obligations [Line Items] | ||
Unfunded commitments amount | 0 | 1,775 |
Investment, Identifier [Axis]: STATinMED, LLC | ||
Guarantor Obligations [Line Items] | ||
Unfunded commitments amount | 0 | 156 |
Investment, Identifier [Axis]: Service Compression, LLC | ||
Guarantor Obligations [Line Items] | ||
Unfunded commitments amount | 907 | 4,186 |
Investment, Identifier [Axis]: Sleep Opco, LLC | ||
Guarantor Obligations [Line Items] | ||
Unfunded commitments amount | 1,200 | 1,750 |
Investment, Identifier [Axis]: Thrill Holdings LLC | ||
Guarantor Obligations [Line Items] | ||
Unfunded commitments amount | 5,000 | 3,261 |
Investment, Identifier [Axis]: WorkGenius, Inc. | ||
Guarantor Obligations [Line Items] | ||
Unfunded commitments amount | $ 0 | $ 750 |
Commitments and Contingencies_2
Commitments and Contingencies - Narrative (Details) - Unfunded Commitments - USD ($) $ in Thousands | Aug. 02, 2023 | Jun. 30, 2023 | Dec. 31, 2022 |
Other Commitments [Line Items] | |||
Unfunded commitments amount | $ 56,378 | $ 71,420 | |
Subsequent Event | |||
Other Commitments [Line Items] | |||
Unfunded commitments amount | $ 54,475 |
Fee Income (Details)
Fee Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | |
Fee Income [Abstract] | |||||
Amendment fees | $ 622 | $ 575 | $ 3,346 | $ 970 | $ 2,633 |
Capital structuring and other fees | 532 | 1,992 | 532 | 3,014 | 4,446 |
Conversion fees | 477 | 0 | 477 | 0 | 2,365 |
Commitment fees | 0 | 0 | 309 | 0 | 0 |
Administrative agent fees | 0 | 0 | 30 | 25 | 100 |
Fee income | $ 1,631 | $ 2,567 | $ 4,694 | $ 4,009 | $ 9,544 |
Financial Highlights (Details)
Financial Highlights (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022 | Sep. 21, 2021 | Sep. 20, 2021 | |||
Investment Company, Financial Highlights [Roll Forward] | |||||||||
Net asset value, beginning balance (in dollars per share) | $ 15.98 | $ 16.34 | $ 16.34 | ||||||
Net investment income (in dollars per share) | $ 0.43 | $ 0.34 | 0.97 | 0.68 | 1.56 | ||||
Net realized loss and net change in unrealized depreciation on investments and loss on foreign currency (in dollars per share) | (1.02) | (0.57) | (0.68) | ||||||
Net (decrease) increase in net assets resulting from operations (in dollars per share) | (0.05) | 0.11 | 0.88 | ||||||
Shareholder distributions: | |||||||||
Distributions declared to stockholders from net investment income (in dollars per share) | (0.68) | (0.56) | (1.44) | ||||||
Capital share transactions: | |||||||||
Repurchases of common stock below net asset value (in dollars per share) | 0.06 | 0 | 0.20 | ||||||
Net increase in net assets resulting from capital share transactions (in dollars per share) | 0.06 | 0 | 0.20 | ||||||
Net asset value, ending balance (in dollars per share) | $ 15.31 | $ 15.89 | $ 15.31 | $ 15.89 | $ 15.98 | ||||
Shares of common stock outstanding at end of period (in shares) | 54,632,827 | 56,958,440 | 54,632,827 | 56,958,440 | 55,299,484 | 56,958,440 | 113,916,869 | ||
Total investment return-net asset value | 2.29% | 1.87% | 10.44% | ||||||
Total investment return-market value | 13.66% | (30.29%) | (14.87%) | ||||||
Net assets at beginning of period | $ 883,634 | $ 930,512 | $ 930,512 | ||||||
Net assets at end of period | $ 836,364 | [1] | $ 905,238 | 836,364 | [1] | 905,238 | 883,634 | ||
Average net assets | $ 858,277 | $ 926,144 | $ 858,277 | $ 926,144 | $ 917,781 | ||||
Ratio/Supplemental data: | |||||||||
Ratio of net investment income to average net assets | 6.21% | 4.19% | 9.61% | ||||||
Ratio of net operating expenses to average net assets | 8.18% | 5.02% | 11.63% | ||||||
Portfolio turnover rate | 5.48% | 9.96% | 26.81% | ||||||
Total amount of senior securities outstanding | $ 985,712 | $ 947,500 | $ 957,500 | ||||||
Asset coverage ratio | 185% | 196% | 185% | 196% | 192% | ||||
Repurchase of shares, per share (in dollars per share) | $ 0.01 | $ 0.01 | $ 0.01 | ||||||
Number of shares (in shares) | 1 | 1 | |||||||
[1]Fair value determined in good faith by the Company’s board of directors (see Note 9), including via delegation to CIM as the Company’s valuation designee (see Note 2), using significant unobservable inputs unless otherwise noted. |