Quarterly report pursuant to Section 13 or 15(d)

Investments

v3.23.1
Investments
 3 Months Ended
Mar. 31, 2023
Schedule of Investments [Abstract]  
Investments Investments
The composition of the Company’s investment portfolio at cost and fair value was as follows:
March 31, 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 $ 6,623,067  $ 6,558,981  98.58  % $ 5,755,124  $ 5,614,718  98.22  %
Second lien debt 47,852  46,315  0.70  47,764  45,248  0.79 
Unsecured debt 17,099  16,890  0.25  26,302  25,512  0.45 
Structured finance investments 29,011  28,824  0.43  28,929  28,737  0.50 
Equity investments 2,242  2,469  0.04  2,067  2,306  0.04 
Total $ 6,719,271  $ 6,653,479  100.00  % $ 5,860,186  $ 5,716,521  100.00  %
The industry composition of investments at fair value was as follows:
March 31, 2023 December 31, 2022
Fair Value % of Total
Investments at
Fair Value		 Fair Value % of Total
Investments at
Fair Value
 Software and Computer Services $ 1,288,321  19.36  % $ 1,158,262  20.26  %
 Health Care Providers 779,681 11.72  660,631  11.56 
 Industrial Support Services 746,764 11.22  567,804  9.93 
 Media 566,703 8.52  505,035  8.83 
 Consumer Services 458,931 6.90  458,248  8.02 
 Non-life Insurance 375,824 5.65  317,816  5.56 
 Medical Equipment and Services 327,070 4.92  210,831  3.69 
 Travel and Leisure 297,999 4.48  159,763  2.79 
 General Industrials 272,688 4.10  265,463  4.64 
 Pharmaceuticals and Biotechnology 267,703 4.02  196,435  3.44 
 Industrial Engineering 214,840 3.23  186,373  3.26 
 Aerospace and Defense 208,585 3.13  169,856  2.97 
 Personal Care, Drug and Grocery Stores 108,830 1.64  117,320  2.05 
 Automobiles and Parts 107,268 1.60  118,440  2.07 
 Technology Hardware and Equipment 95,877 1.44  93,161  1.63 
 Food Producers 88,938 1.34  86,977  1.52 
 Personal Goods 72,511 1.09  70,050  1.23 
 Telecommunications Service Providers 62,336 0.94  71,695  1.25 
 Industrial Transportation 51,205 0.77  50,090  0.88 
 Finance and Credit Services 49,000 0.74  48,448  0.85 
 Real Estate Investment and Services 44,253 0.67  44,822  0.78 
 Gas, Water and Multi-utilities 43,990 0.66  43,242  0.76 
 Structured Finance 28,824 0.43  28,737  0.50 
 Retailers 18,033 0.27  20,322  0.36 
 Household Goods and Home Construction 16,482 0.25  17,918  0.31 
 Telecommunications Equipment 14,351 0.22  6,445  0.11 
 Electricity 12,582 0.18  8,639  0.15 
 Chemicals 12,029 0.18  6,960  0.12 
 Investment Banking and Brokerage Services 9,229 0.14  7,606  0.13 
 Life Insurance 5,718 0.09  5,628  0.10 
 Industrial Metals and Mining 2,941 0.04  2,922  0.05 
Leisure Goods 1,990 0.03  8,498  0.15 
Construction and Materials 1,073 0.02  1,162  0.03 
Electronic and Electrical Equipment 910 0.01  922  0.02 
Total $ 6,653,479  100.00  % $ 5,716,521  100.00  %
The geographic composition of investments at cost and fair value was as follows:
March 31, 2023
Amortized Cost Fair Value % of Total
Investments at
Fair Value		 Fair Value
as % of Net
Assets
Australia $ 271,364  $ 269,929  4.06  % 7.30  %
Canada 47,610  45,540  0.68  1.23 
France 24,544  25,903  0.39  0.70 
Italy 122,967  130,071  1.95  3.52 
Spain 31,383  30,934  0.46  0.84 
Taiwan 43,600  41,709  0.63  1.13 
United Kingdom 314,391  321,822  4.84  8.71 
United States 5,863,412  5,787,571  86.99  156.59 
Total $ 6,719,271  $ 6,653,479  100.00  % 180.02  %
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 March 31, 2023 and December 31, 2022, there were three and zero investments in the portfolio on non-accrual status, respectively.
As of March 31, 2023 and December 31, 2022, on a fair value basis, 99.2% and 99.1%, respectively, of performing debt investments bore interest at a floating rate and 0.8% and 0.9%, respectively, of performing debt investments bore interest at a fixed rate.