Quarterly report pursuant to Section 13 or 15(d)

Investments

v3.23.2
Investments
 6 Months Ended
Jun. 30, 2023
Schedule of Investments [Abstract]  
Investments Investments
The composition of the Company’s investment portfolio at cost and fair value was as follows:
June 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 $ 6,954,930  $ 6,928,353  98.62  % $ 5,755,124  $ 5,614,718  98.22  %
Second lien debt 49,740  48,622  0.69  47,764  45,248  0.79 
Unsecured debt 14,871  14,702  0.21  26,302  25,512  0.45 
Structured finance investments 29,093  28,953  0.41  28,929  28,737  0.50 
Equity investments 4,400  4,729  0.07  2,067  2,306  0.04 
Total $ 7,053,034  $ 7,025,359  100.00  % $ 5,860,186  $ 5,716,521  100.00  %
The industry composition of investments at fair value was as follows:
June 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 $ 1,267,091  18.04  % $ 1,158,262  20.26  %
 Health Care Providers 863,441 12.29  660,631  11.56 
 Industrial Support Services 751,716 10.70  567,804  9.93 
 Media 602,124 8.57  505,035  8.83 
 Consumer Services 494,676 7.04  458,248  8.02 
 Non-life Insurance 467,711 6.66  317,816  5.56 
 Medical Equipment and Services 322,749 4.59  210,831  3.69 
 Travel and Leisure 308,065 4.39  159,763  2.79 
 General Industrials 273,980 3.90  265,463  4.64 
 Pharmaceuticals and Biotechnology 268,042 3.82  196,435  3.44 
 Aerospace and Defense 248,482 3.54  169,856  2.97 
 Industrial Engineering 233,406 3.32  186,373  3.26 
 Personal Care, Drug and Grocery Stores 118,753 1.69  117,320  2.05 
 Automobiles and Parts 118,595 1.68  118,440  2.07 
 Technology Hardware and Equipment 97,510 1.39  93,161  1.63 
 Food Producers 91,742 1.31  86,977  1.52 
 Telecommunications Service Providers 77,880 1.11  71,695  1.25 
 Personal Goods 77,214 1.10  70,050  1.23 
 Electricity 68,789 0.98  8,639  0.15 
 Finance and Credit Services 49,084 0.69  48,448  0.85 
 Gas, Water and Multi-utilities 43,637 0.62  43,242  0.76 
 Real Estate Investment and Services 39,700 0.57  44,822  0.78 
 Industrial Transportation 32,157 0.46  50,090  0.88 
 Structured Finance 28,953 0.41  28,737  0.50 
 Retailers 19,652 0.28  20,322  0.36 
 Telecommunications Equipment 14,667 0.21  6,445  0.11 
 Chemicals 12,098 0.16  6,960  0.12 
 Household Goods and Home Construction 10,353 0.15  17,918  0.31 
 Investment Banking and Brokerage Services 10,295 0.15  7,606  0.13 
 Life Insurance 5,836 0.08  5,628  0.10 
 Industrial Metals and Mining 2,949 0.04  2,922  0.05 
 Leisure Goods 1,985 0.03  8,498  0.15 
 Construction and Materials 1,070 0.02  1,162  0.03 
 Electronic and Electrical Equipment 957 0.01  922  0.02 
Total $ 7,025,359  100.00  % $ 5,716,521  100.00  %
The geographic composition of investments at cost and fair value was as follows:
June 30, 2023
Amortized Cost Fair Value % of Total
Investments at
Fair Value		 Fair Value
as % of Net
Assets
Australia $ 261,746  $ 260,179  3.70  % 6.61  %
Canada 55,037  53,706  0.76  1.37 
France 35,477  37,024  0.53  0.94 
Italy 127,472  135,410  1.93  3.44 
Singapore 30,932  30,999  0.44  0.79 
Spain 31,426  32,157  0.46  0.82 
Taiwan 44,600  42,816  0.61  1.09 
United Kingdom 351,379  364,560  5.19  9.27 
United States 6,114,965  6,068,508  86.38  154.30 
Total $ 7,053,034  $ 7,025,359  100.00  % 178.63  %
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 June 30, 2023 and December 31, 2022, there were two and zero investments in the portfolio on non-accrual status, respectively.
As of June 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.