Quarterly report pursuant to Section 13 or 15(d)

Investments

v3.23.3
Investments
 9 Months Ended
Sep. 30, 2023
Schedule of Investments [Abstract]  
Investments Investments
The composition of the Company’s investment portfolio at cost and fair value was as follows:
September 30, 2023 December 31, 2022
Amortized Cost Fair Value % of Total
Investments at
Fair Value		 Amortized Cost Fair Value % of Total
Investments at
Fair Value
First lien debt $ 7,553,334  $ 7,570,540  98.40  % $ 5,755,124  $ 5,614,718  98.22  %
Second lien debt 64,830  66,396  0.86  47,764  45,248  0.79 
Unsecured debt 15,227  14,935  0.19  26,302  25,512  0.45 
Structured finance investments 28,314  29,286  0.38  28,929  28,737  0.50 
Equity investments 12,769  12,709  0.17  2,067  2,306  0.04 
Total $ 7,674,474  $ 7,693,866  100.00  % $ 5,860,186  $ 5,716,521  100.00  %

The industry composition of investments at fair value was as follows:
September 30, 2023 December 31, 2022
Fair Value % of Total
Investments at
Fair Value		 Fair Value % of Total
Investments at
Fair Value
 Software and Computer Services $ 1,262,284  16.41  % $ 1,158,262  20.26  %
 Health Care Providers 875,820 11.38  660,631  11.56 
 Industrial Support Services 831,694 10.81  567,804  9.93 
 Medical Equipment and Services 616,734 8.02  210,831  3.69 
 Media 603,453 7.84  505,035  8.83 
 Consumer Services 501,162 6.52  458,248  8.02 
 Non-life Insurance 497,961 6.47  317,816  5.56 
 Travel and Leisure 326,088 4.24  159,763  2.79 
 Aerospace and Defense 280,566 3.65  169,856  2.97 
 General Industrials 280,152 3.64  265,463  4.64 
 Pharmaceuticals and Biotechnology 265,305 3.45  196,435  3.44 
 Industrial Engineering 234,209 3.04  186,373  3.26 
 Personal Care, Drug and Grocery Stores 118,029 1.53  117,320  2.05 
 Automobiles and Parts 114,116 1.48  118,440  2.07 
 Technology Hardware and Equipment 96,196 1.25  93,161  1.63 
 Food Producers 94,536 1.23  86,977  1.52 
 Investment Banking and Brokerage Services 90,676 1.18  7,606  0.13 
 Electricity 84,937 1.10  8,639  0.15 
 Personal Goods 76,703 1.00  70,050  1.23 
 Telecommunications Service Providers 71,231 0.93  71,695  1.25 
 Retailers 66,800 0.87  20,322  0.36 
 Construction and Materials 54,152 0.70  1,162  0.03 
 Finance and Credit Services 52,147 0.68  48,448  0.85 
 Gas, Water and Multi-utilities 43,741 0.57  43,242  0.76 
 Real Estate Investment and Services 39,600 0.51  44,822  0.78 
 Industrial Transportation 31,617 0.41  50,090  0.88 
 Structured Finance 29,286 0.38  28,737  0.50 
 Telecommunications Equipment 14,843 0.19  6,445  0.11 
 Chemicals 12,138 0.16  6,960  0.12 
 Industrial Metals and Mining 11,845 0.15  2,922  0.05 
 Household Goods and Home Construction 6,994 0.09  17,918  0.31 
 Life Insurance 5,897 0.08  5,628  0.10 
 Leisure Goods 1,963 0.03  8,498  0.15 
 Electronic and Electrical Equipment 991 0.01  922  0.02 
Total $ 7,693,866  100.00  % $ 5,716,521  100.00  %
The geographic composition of investments at cost and fair value was as follows:
September 30, 2023
Amortized Cost Fair Value % of Total
Investments at
Fair Value		 Fair Value
as % of Net
Assets
Australia $ 262,031  $ 249,086  3.24  % 5.43  %
Canada 60,378  58,521  0.76  1.28 
France 35,483  36,225  0.47  0.79 
Italy 127,592  132,651  1.73  2.90 
Norway 24,711  23,541  0.31  0.51 
Singapore 30,994  30,983  0.40  0.68 
Spain 31,474  31,617  0.41  0.69 
Taiwan 45,464  40,950  0.53  0.89 
United Kingdom 422,091  424,079  5.51  9.26 
United States 6,634,256  6,666,213  86.64  145.53 
Total $ 7,674,474  $ 7,693,866  100.00  % 167.96  %
December 31, 2022
Amortized Cost Fair Value % of Total
Investments at
Fair Value		 Fair Value
as % of Net
Assets
Australia $ 271,143  $ 269,430  4.71  % 7.80  %
Canada 40,335  37,399  0.65  1.08 
France 24,513  25,139  0.44  0.73 
Italy 122,826  127,443  2.23  3.69 
Spain 31,337  29,958  0.52  0.87 
Taiwan 43,619  42,321  0.74  1.22 
United Kingdom 240,099  241,933  4.23  7.00 
United States 5,086,314  4,942,898  86.48  143.05 
Total $ 5,860,186  $ 5,716,521  100.00  % 165.44  %
As of September 30, 2023 and December 31, 2022, there were three and zero investments in the portfolio on non-accrual status, respectively.
As of September 30, 2023 and December 31, 2022, on a fair value basis, 98.8% and 99.1%, respectively, of performing debt investments bore interest at a floating rate and 1.2% and 0.9%, respectively, of performing debt investments bore interest at a fixed rate.