Franklin BSP Capital (FRBP) 10-K 15 Mar 24 2023 FY Annual report Financial data

Cover

Cover - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Mar. 11, 2024	Jun. 30, 2023
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Securities Act File Number	814-01360
Entity Registrant Name	FRANKLIN BSP CAPITAL CORPORATION
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	85-2950084
Entity Address, Address Line One	9 West 57th Street
Entity Address, Address Line Two	Suite 4920
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10019
City Area Code	212
Local Phone Number	588-6770
Title of 12(g) Security	Common Stock
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		136,338,924
Documents Incorporated by Reference	Portions of the registrant’s definitive Proxy Statement relating to the registrant’s 2024 Annual Meeting of Stockholders, to be filed with the Securities and Exchange Commission within 120 days following the end of the Company’s fiscal year, are incorporated by reference in Part III of this Annual Report on Form 10-K as indicated herein.
Entity Central Index Key	0001825248
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Public Float			$ 0

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2023
Audit Information [Abstract]
Auditor Name	Ernst & Young LLP
Auditor Location	New York, NY
Auditor Firm ID	42

CONSOLIDATED STATEMENTS OF ASSE

CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES - USD ($) $ in Thousands	Dec. 31, 2023		Dec. 31, 2022
Assets:
Investments, at fair value	$ 756,145	[1]	$ 782,380	[2]
Cash and cash equivalents	48,541		26,239
Restricted cash	6,681		0
Deferred offering costs	0		100
Interest and dividends receivable	8,166		6,444
Receivable for unsettled trades	422		713
Capital call receivable	0		235
Prepaid expenses and other assets	3,396		72
Due from broker	8,336		0
Total assets	831,687		816,183
Liabilities:
Debt (net of deferred financing costs of $2,082 and $2,320, respectively)	319,918		379,580
Short-term borrowings	0		20,792
Secured borrowings	33,344		0
Stockholder distributions payable	13		33
Management fees payable	1,066		1,007
Accounts payable and accrued expenses	4,167		2,583
Interest and debt fees payable	6,936		1,407
Directors' fees payable	175		17
Other liabilities	551		2,250
Total liabilities	366,170		407,669
Commitments and Contingencies (Note 6)
Redeemable convertible preferred stock Series A, $0.001 par value, 50,000,000 shares authorized; 77,500 issued and outstanding at December 31, 2023 and 36,147 issued and outstanding at December 31, 2022	77,398		36,093
Net Assets attributable to common stock:
Common stock, $0.001 par value, 450,000,000 shares authorized; 26,080,389 issued and outstanding at December 31, 2023, and 24,609,132 issued and outstanding at December 31, 2022	26		25
Additional paid in capital	400,332		375,557
Total distributable earnings (loss)	(12,239)		(3,161)
Total net assets attributable to common stock	388,119		372,421
Total liabilities, redeemable convertible preferred stock, and net assets attributable to common stock	$ 831,687		$ 816,183
Net asset value per share attributable to common stock	$ 14.88		$ 15.13
Series A Preferred Stock
Liabilities:
Redeemable convertible preferred stock Series A, $0.001 par value, 50,000,000 shares authorized; 77,500 issued and outstanding at December 31, 2023 and 36,147 issued and outstanding at December 31, 2022	$ 77,398		$ 36,093
Controlled
Assets:
Investments, at fair value	68,100		62,156
Non-affiliated
Assets:
Investments, at fair value	$ 688,045		$ 720,224
[1]Percentages are based on net assets attributable to common stock as of December 31, 2023.[2]Percentages are based on net assets attributable to common stock as of December 31, 2022.

CONSOLIDATED STATEMENTS OF AS_2

CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2023		Dec. 31, 2022
Amortized cost	$ 769,035	[1]	$ 788,229	[2]
Deferred financing costs	$ 2,082		$ 2,320
Redeemable convertible preferred stock, par value (in dollars per share)	$ 0.001		$ 0.001
Redeemable convertible preferred stock, authorized (in shares)	50,000,000		50,000,000
Redeemable convertible preferred stock, outstanding (in shares)	77,500		36,147
Common stock, par value (in dollars per share)	$ 0.001		$ 0.001
Common stock, authorized (in shares)	450,000,000		450,000,000
Common stock, issued (in shares)	26,080,389		24,609,132
Common stock, outstanding (in shares)	26,080,389		24,609,132
Series A Preferred Stock
Redeemable convertible preferred stock, par value (in dollars per share)	$ 0.001		$ 0.001
Redeemable convertible preferred stock, authorized (in shares)	50,000,000		50,000,000
Redeemable convertible preferred stock, issued (in shares)	77,500		36,147
Redeemable convertible preferred stock, outstanding (in shares)	77,500		36,147
Controlled
Amortized cost	$ 68,050		$ 62,113
Non-affiliated
Amortized cost	$ 700,985		$ 726,116
[1]Percentages are based on net assets attributable to common stock as of December 31, 2023.[2]Percentages are based on net assets attributable to common stock as of December 31, 2022.

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Investment income:
Total investment income from control investments	$ 94,685	$ 56,744	$ 12,245
Interest from cash and cash equivalents	1,729	188	1
Operating expenses:
Management fees	4,187	3,378	1,109
Incentive fee on income	7,704	4,720	711
Incentive fee on capital gains	0	(409)	409
Interest and debt fees	31,149	17,467	3,539
Professional fees	2,050	1,738	1,281
Other general and administrative	2,073	1,205	979
Amortization of common stock offering costs	0	16	596
Administrative services	302	226	113
Directors' fees	1,015	573	386
Total expenses before incentive fee waiver	48,480	28,914	9,123
Incentive fee waiver	(7,704)	(4,311)	(1,120)
Expenses, net of incentive fee waiver	40,776	24,603	8,003
Net investment income (loss) before income taxes	53,909	32,141	4,242
Income tax expense, including excise tax	334	671	99
Net investment income (loss)	53,575	31,470	4,143
Net realized gain (loss)
Net realized gain (loss) from investments	496	467	618
Net realized loss on extinguishment of debt	(1,483)	0	0
Total net realized gain (loss)	(987)	467	618
Net change in unrealized appreciation (depreciation) on investments
Net change in deferred taxes	(768)	(780)	0
Total net change in unrealized appreciation (depreciation) on investments	(7,809)	(8,737)	2,108
Net realized and unrealized gain (loss)	(8,796)	(8,270)	2,726
Net increase (decrease) in net assets resulting from operations	44,779	23,200	6,869
Accretion to redemption value of Series A redeemable convertible preferred stock	(17)	(3)	0
Accrual of Series A redeemable convertible preferred stock distributions	(7,615)	(1,367)	0
Net increase (decrease) in net assets resulting from operations attributable to common stockholders	$ 37,147	$ 21,830	$ 6,869
Net investment income (loss) (in dollars per share)	$ 2.11	$ 1.68	$ 0.78
Net increase (decrease) in net assets resulting from operations attributable to participating securities (in dollars per share)	1.77	1.24	1.30
Basic earnings (loss) per share (in dollar per share)	1.41	1.12	1.30
Diluted earnings (loss) per share (in dollar per share)	$ 1.41	$ 1.12	$ 1.30
Weighted average common shares outstanding, Basic (in shares)	25,464,652	18,679,387	5,301,096
Weighted average common shares outstanding, Diluted (in shares)	25,464,652	18,679,387	5,301,096
Controlled
Investment income:
Interest income	$ 4,435	$ 2,899	$ 12
Dividend income	2,700	2,698	0
Fee and other income	7	3	0
Total investment income from control investments	7,142	5,600	12
Net change in unrealized appreciation (depreciation) on investments
Net change in unrealized appreciation (depreciation) on investments	8	43	0
Affiliated
Investment income:
Interest income	0	4	61
Total investment income from control investments	0	4	61
Net realized gain (loss)
Net realized gain (loss) from investments	0	0	567
Net change in unrealized appreciation (depreciation) on investments
Net change in unrealized appreciation (depreciation) on investments	0	0	103
Non-affiliated
Investment income:
Interest income	83,898	49,324	11,864
Dividend income	134	67	0
Fee and other income	1,782	1,561	307
Total investment income from control investments	85,814	50,952	12,171
Net realized gain (loss)
Net realized gain (loss) from investments	496	467	51
Net change in unrealized appreciation (depreciation) on investments
Net change in unrealized appreciation (depreciation) on investments	$ (7,049)	$ (8,000)	$ 2,005

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Operations:
Net investment income (loss)	$ 53,575	$ 31,470	$ 4,143
Net realized gain (loss) from investment transactions	(987)	467	618
Net change in unrealized appreciation (depreciation) on investments	(7,041)	(7,957)	2,108
Net change in deferred taxes	(768)	(780)	0
Accretion to redemption value of Series A redeemable convertible preferred stock	(17)	(3)	0
Accrual of Series A redeemable convertible preferred stock distributions	(7,615)	(1,367)	0
Net increase (decrease) in net assets resulting from operations attributable to common stockholders	37,147	21,830	6,869
Stockholder distributions:
Net decrease in net assets attributable to common stock from stockholder distributions	(43,574)	(27,309)	(2,293)
Capital share transactions:
Issuance of common stock, net of issuance costs	9,686	133,854	231,019
Reinvestment of common stockholder distributions	12,439	8,073	790
Net increase in net assets attributable to common stock from capital share transactions	22,125	141,927	231,809
Total increase (decrease) in net assets attributable to common stock	15,698	136,448	236,385
Balance at the beginning	372,421	235,973	(412)
Balance at the end	$ 388,119	$ 372,421	$ 235,973
Net asset value per share attributable to common stock	$ 14.88	$ 15.13	$ 15.46
Common shares outstanding at end of year (in shares)	26,080,389	24,609,132	15,260,764

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Operating activities
Net increase (decrease) in net assets resulting from operations attributable to participating securities	$ 44,779	$ 23,200	$ 6,869
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:
Payment-in-kind interest income	(3,202)	(2,042)	(120)
Net accretion of discount on investments	(1,760)	(1,199)	(356)
Amortization of deferred financing costs	1,031	1,189	647
Amortization of deferred offering costs	0	27	476
Accretion of redemption value of Series A redeemable convertible preferred stock	0	(3)	0
Sales and repayments of investments	101,707	58,562	8,723
Purchases of investments	(77,021)	(327,891)	(522,821)
Net realized (gain) loss from investments	(496)	(467)	(618)
Net realized loss on extinguishment of debt	1,483	0	0
Net change in unrealized (appreciation) depreciation on investments	7,041	7,957	(2,108)
(Increase) decrease in operating assets:
Interest receivable	(1,722)	(4,120)	(2,324)
Receivable for unsettled trades	291	(547)	(166)
Prepaid expenses and other assets	(3,324)	2	(74)
Due from broker	(8,336)	0	0
(Increase) decrease in operating liabilities:
Management fees payable	59	481	526
Accounts payable and accrued expenses	1,584	322	2,261
Payable for unsettled trades	0	(15,226)	15,226
Interest and debt fees payable	5,529	933	474
Directors' fees payable	158	17	0
Other liabilities	(1,699)	(708)	1,942
Net cash provided by (used in) operating activities	66,102	(259,513)	(491,443)
Financing activities
Proceeds from secured borrowings	33,344	0	0
Proceeds from issuance of shares of common stock	9,922	142,020	222,617
Proceeds from issuance of shares of preferred stock	41,353	31,101	4,992
Proceeds from debt	384,000	242,500	269,900
Payments on debt	(443,900)	(100,500)	(30,000)
Proceeds from short-term borrowings	68,583	189,060	60,902
Repayments on short-term borrowings	(89,375)	(209,570)	(19,600)
Payments of financing costs	(2,276)	(1,149)	(3,007)
Common stockholder distributions	(31,155)	(19,203)	(1,503)
Preferred stockholder distributions	(7,615)	(1,367)	0
Net cash provided by (used in) financing activities	(37,119)	272,892	504,301
Net increase in cash, cash equivalents and restricted cash	28,983	13,379	12,858
Cash, cash equivalents and restricted cash, beginning of year	26,239	12,860	2
Cash, cash equivalents and restricted cash, end of year	55,222	26,239	12,860
Supplemental information:
Interest and non-usage fees paid during the year	17,889	15,139	2,348
Taxes, including excise tax, paid during the year	325	476	99
Distributions reinvested during the year	12,439	8,073	790
Cash and cash equivalents	48,541	26,239	12,860
Restricted cash	6,681	0	0
Total cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows	$ 55,222	$ 26,239	$ 12,860

CONSOLIDATED SCHEDULE OF INVEST

CONSOLIDATED SCHEDULE OF INVESTMENTS - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
Schedule of Investments [Line Items]
Amortized Cost		$ 769,035	[1]	$ 788,229	[2]
Fair Value		$ 756,145	[1]	$ 782,380	[2]
Fair Value Percentage of Total Portfolio		194.80%	[1],[3]	210.10%	[2],[4],[5],[6]
Investment Owned, At Fair Value | Industry Concentration Risk
Schedule of Investments [Line Items]
Fair Value		$ 756,145		$ 782,380
Percentage of Total Portfolio		100%		100%
Healthcare | Investment Owned, At Fair Value | Industry Concentration Risk
Schedule of Investments [Line Items]
Fair Value		$ 175,630		$ 185,426
Percentage of Total Portfolio		23.20%		23.70%
Software/Services | Investment Owned, At Fair Value | Industry Concentration Risk
Schedule of Investments [Line Items]
Fair Value		$ 99,006		$ 117,768
Percentage of Total Portfolio		13.10%		15.10%
Financials | Investment Owned, At Fair Value | Industry Concentration Risk
Schedule of Investments [Line Items]
Fair Value		$ 104,783		$ 113,646
Percentage of Total Portfolio		13.90%		14.40%
Business Services | Investment Owned, At Fair Value | Industry Concentration Risk
Schedule of Investments [Line Items]
Fair Value		$ 116,537		$ 111,454
Percentage of Total Portfolio		15.40%		14.20%
Industrials | Investment Owned, At Fair Value | Industry Concentration Risk
Schedule of Investments [Line Items]
Fair Value		$ 72,103		$ 71,302
Percentage of Total Portfolio		9.40%		9.10%
Media/Entertainment | Investment Owned, At Fair Value | Industry Concentration Risk
Schedule of Investments [Line Items]
Fair Value		$ 45,206		$ 56,568
Percentage of Total Portfolio		6%		7.20%
Utilities | Investment Owned, At Fair Value | Industry Concentration Risk
Schedule of Investments [Line Items]
Fair Value		$ 32,676		$ 30,486
Percentage of Total Portfolio		4.30%		3.90%
Food & Beverage | Investment Owned, At Fair Value | Industry Concentration Risk
Schedule of Investments [Line Items]
Fair Value		$ 34,777		$ 26,696
Percentage of Total Portfolio		4.60%		3.40%
Consumer | Investment Owned, At Fair Value | Industry Concentration Risk
Schedule of Investments [Line Items]
Fair Value		$ 22,533		$ 23,363
Percentage of Total Portfolio		3%		3%
Chemicals | Investment Owned, At Fair Value | Industry Concentration Risk
Schedule of Investments [Line Items]
Fair Value		$ 15,624		$ 16,073
Percentage of Total Portfolio		2.10%		2.10%
Paper & Packaging | Investment Owned, At Fair Value | Industry Concentration Risk
Schedule of Investments [Line Items]
Fair Value		$ 17,923		$ 13,980
Percentage of Total Portfolio		2.40%		1.80%
Telecom | Investment Owned, At Fair Value | Industry Concentration Risk
Schedule of Investments [Line Items]
Fair Value		$ 13,966		$ 11,595
Percentage of Total Portfolio		1.80%		1.50%
Transportation | Investment Owned, At Fair Value | Industry Concentration Risk
Schedule of Investments [Line Items]
Fair Value		$ 3,533		$ 3,533
Percentage of Total Portfolio		0.50%		0.50%
Education | Investment Owned, At Fair Value | Industry Concentration Risk
Schedule of Investments [Line Items]
Fair Value		$ 1,302
Percentage of Total Portfolio		0.20%
Technology | Investment Owned, At Fair Value | Industry Concentration Risk
Schedule of Investments [Line Items]
Fair Value		$ 546		$ 490
Percentage of Total Portfolio		0.10%		0.10%
Investment, Identifier [Axis]: 1236904 BC, Ltd., Software/Services
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		7.50%	[7],[8],[9]	7.50%	[10],[11],[12]
Investment Coupon Rate		12.97%	[7],[8],[9]	11.85%	[10],[11],[12]
Principal		$ 4,183	[7],[8]	$ 4,183	[10],[11]
Amortized Cost		4,132	[7],[8]	4,120	[10],[11]
Fair Value		$ 4,247	[7],[8]	$ 4,247	[10],[11]
Fair Value Percentage of Total Portfolio		1.10%	[1],[7],[8]	1.10%	[2],[10],[11]
Investment, Identifier [Axis]: ADCS Clinics Intermediate Holdings, LLC, Healthcare 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		6.25%	[8],[9]	6.50%	[10],[11],[12]
Investment Coupon Rate		11.75%	[8],[9]	11.43%	[10],[11],[12]
Principal		$ 37	[8]	$ 5,756	[10],[11]
Amortized Cost		37	[8]	5,667	[10],[11]
Fair Value		$ 37	[8]	$ 5,649	[10],[11]
Fair Value Percentage of Total Portfolio		0%	[1],[8]	1.50%	[2],[10],[11]
Investment, Identifier [Axis]: ADCS Clinics Intermediate Holdings, LLC, Healthcare 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		6.25%	[7],[8],[9]	6.50%	[10],[11],[12]
Investment Coupon Rate		11.79%	[7],[8],[9]	11.70%	[10],[11],[12]
Principal		$ 5,698	[7],[8]	$ 1,180	[10],[11]
Amortized Cost		5,630	[7],[8]	1,180	[10],[11]
Fair Value		$ 5,620	[7],[8]	$ 1,158	[10],[11]
Fair Value Percentage of Total Portfolio		1.40%	[1],[7],[8]	0.30%	[2],[10],[11]
Investment, Identifier [Axis]: ADCS Clinics Intermediate Holdings, LLC, Healthcare 3
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[7],[8],[9]	6.25%
Investment Coupon Rate	[7],[8],[9]	11.53%
Principal	[7],[8]	$ 1,168
Amortized Cost	[7],[8]	1,154
Fair Value	[7],[8]	$ 1,152
Fair Value Percentage of Total Portfolio	[1],[7],[8]	0.30%
Investment, Identifier [Axis]: ADCS Clinics Intermediate Holdings, LLC, Healthcare 4
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[8],[9],[13]	6.25%
Principal	[8],[13]	$ 0
Amortized Cost	[8],[13]	(6)
Fair Value	[8],[13]	$ (7)
Fair Value Percentage of Total Portfolio	[1],[8],[13]	0%
Investment, Identifier [Axis]: ASP LS Acquisition Corp., Transportation
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[7],[8],[9]	7.50%
Investment Coupon Rate	[7],[8],[9]	13.40%
Principal	[7],[8]	$ 4,275
Amortized Cost	[7],[8]	4,264
Fair Value	[7],[8]	$ 3,533
Fair Value Percentage of Total Portfolio	[1],[7],[8]	0.90%
Investment, Identifier [Axis]: Absolute Software Corp., Software/Services
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[10],[11],[12],[14]			6%
Investment Coupon Rate	[10],[11],[12],[14]			10.73%
Principal	[10],[11],[14]			$ 19,502
Amortized Cost	[10],[11],[14]			19,197
Fair Value	[10],[11],[14]			$ 19,209
Fair Value Percentage of Total Portfolio	[2],[10],[11],[14]			5.20%
Investment, Identifier [Axis]: Acrisure, LLC, Financials
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[10],[12]			4.25%
Investment Coupon Rate	[10],[12]			8.63%
Principal	[10]			$ 4,582
Amortized Cost	[10]			4,552
Fair Value	[10]			$ 4,425
Fair Value Percentage of Total Portfolio	[2],[10]			1.20%
Investment, Identifier [Axis]: Alera Group Intermediate Holdings, Inc., Financials 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		6.50%	[7],[8],[9]	6.50%	[11],[12]
Investment Coupon Rate		11.95%	[7],[8],[9]	10.92%	[11],[12]
Principal		$ 2,866	[7],[8]	$ 3,240	[11]
Amortized Cost		2,818	[7],[8]	3,240	[11]
Fair Value		$ 2,866	[7],[8]	$ 3,179	[11]
Fair Value Percentage of Total Portfolio		0.70%	[1],[7],[8]	0.90%	[2],[11]
Investment, Identifier [Axis]: Alera Group Intermediate Holdings, Inc., Financials 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		6.50%	[7],[8],[9],[13]	6.50%	[10],[11],[12]
Investment Coupon Rate		11.96%	[7],[8],[9],[13]	10.92%	[10],[11],[12]
Principal		$ 5,006	[7],[8],[13]	$ 2,895	[10],[11]
Amortized Cost		4,908	[7],[8],[13]	2,839	[10],[11]
Fair Value		$ 5,006	[7],[8],[13]	$ 2,840	[10],[11]
Fair Value Percentage of Total Portfolio		1.30%	[1],[7],[8],[13]	0.80%	[2],[10],[11]
Investment, Identifier [Axis]: Alera Group Intermediate Holdings, Inc., Financials 3
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[8],[9],[13]	5.75%
Principal	[8],[13]	$ 0
Amortized Cost	[8],[13]	0
Fair Value	[8],[13]	$ 0
Fair Value Percentage of Total Portfolio	[1],[8],[13]	0%
Investment, Identifier [Axis]: American Rock Salt Company, LLC , Chemicals
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		4%	[7],[9]	4%	[10],[12]
Investment Coupon Rate		9.47%	[7],[9]	8.38%	[10],[12]
Principal		$ 2,018	[7]	$ 2,039	[10]
Amortized Cost		2,013	[7]	2,034	[10]
Fair Value		$ 1,900	[7]	$ 1,912	[10]
Fair Value Percentage of Total Portfolio		0.50%	[1],[7]	0.50%	[2],[10]
Investment, Identifier [Axis]: American Rock Salt Company, LLC, Chemicals
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		7.25%	[7],[8],[9]	7.25%	[10],[11],[12]
Investment Coupon Rate		12.72%	[7],[8],[9]	11.63%	[10],[11],[12]
Principal		$ 6,010	[7],[8]	$ 6,010	[10],[11]
Amortized Cost		5,950	[7],[8]	5,950	[10],[11]
Fair Value		$ 5,411	[7],[8]	$ 5,746	[10],[11]
Fair Value Percentage of Total Portfolio		1.40%	[1],[7],[8]	1.50%	[2],[10],[11]
Investment, Identifier [Axis]: Armada Parent, Inc, Industrials 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[7],[8],[9]	5.75%
Investment Coupon Rate	[7],[8],[9]	11.24%
Principal	[7],[8]	$ 19,959
Amortized Cost	[7],[8]	19,669
Fair Value	[7],[8]	$ 19,637
Fair Value Percentage of Total Portfolio	[1],[7],[8]	5.10%
Investment, Identifier [Axis]: Armada Parent, Inc., Industrials 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[10],[11],[12]			5.75%
Investment Coupon Rate	[10],[11],[12]			10.13%
Principal	[10],[11]			$ 1,016
Amortized Cost	[10],[11]			1,016
Fair Value	[10],[11]			$ 1,000
Fair Value Percentage of Total Portfolio	[2],[10],[11]			0.30%
Investment, Identifier [Axis]: Armada Parent, Inc., Industrials 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		5.75%	[7],[8],[9],[13]	5.75%	[10],[11],[12]
Investment Coupon Rate		11.24%	[7],[8],[9],[13]	10.13%	[10],[11],[12]
Principal		$ 1,006	[7],[8],[13]	$ 20,162	[10],[11]
Amortized Cost		985	[7],[8],[13]	19,818	[10],[11]
Fair Value		$ 973	[7],[8],[13]	$ 19,838	[10],[11]
Fair Value Percentage of Total Portfolio		0.30%	[1],[7],[8],[13]	5.30%	[2],[10],[11]
Investment, Identifier [Axis]: Armada Parent, Inc., Industrials 3
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[8],[9],[13]	5.75%
Principal	[8],[13]	$ 0
Amortized Cost	[8],[13]	(31)
Fair Value	[8],[13]	$ (39)
Fair Value Percentage of Total Portfolio	[1],[8],[13]	0%
Investment, Identifier [Axis]: Asp Ls Acquisition Corp., Transportation
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[10],[11],[12]			7.50%
Investment Coupon Rate	[10],[11],[12]			12.23%
Principal	[10],[11]			$ 4,275
Amortized Cost	[10],[11]			4,263
Fair Value	[10],[11]			$ 3,533
Fair Value Percentage of Total Portfolio	[2],[10],[11]			0.90%
Investment, Identifier [Axis]: Avalara, Inc., Software/Services
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[10],[11],[12]			7.25%
Investment Coupon Rate	[10],[11],[12]			11.83%
Principal	[10],[11]			$ 19,896
Amortized Cost	[10],[11]			19,409
Fair Value	[10],[11]			$ 19,415
Fair Value Percentage of Total Portfolio	[2],[10],[11]			5.20%
Investment, Identifier [Axis]: Avalara, Inc., Software/Services 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[7],[8],[9]	7.25%
Investment Coupon Rate	[7],[8],[9]	12.60%
Principal	[7],[8]	$ 19,896
Amortized Cost	[7],[8]	19,472
Fair Value	[7],[8]	$ 19,526
Fair Value Percentage of Total Portfolio	[1],[7],[8]	5%
Investment, Identifier [Axis]: Avalara, Inc., Software/Services 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[8],[9],[13]	7.25%
Principal	[8],[13]	$ 0
Amortized Cost	[8],[13]	(40)
Fair Value	[8],[13]	$ (37)
Fair Value Percentage of Total Portfolio	[1],[8],[13]	0%
Investment, Identifier [Axis]: Aveanna Healthcare, LLC, Healthcare
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[10],[12]			3.75%
Investment Coupon Rate	[10],[12]			7.77%
Principal	[10]			$ 5,961
Amortized Cost	[10]			5,937
Fair Value	[10]			$ 4,560
Fair Value Percentage of Total Portfolio	[2],[10]			1.20%
Investment, Identifier [Axis]: Aventine Holdings, LLC, Media/Entertainment 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		6%	[7],[8],[9]	6%	[10],[11],[12]
Investment Coupon Rate		11.47%	[7],[8],[9]	10.38%	[10],[11],[12]
Investment Coupon Rate, PIK		4%	[7],[8],[9]	4%	[10],[11],[12]
Principal		$ 4,908	[7],[8]	$ 4,356	[10],[11]
Amortized Cost		4,849	[7],[8]	4,356	[10],[11]
Fair Value		$ 4,844	[7],[8]	$ 4,299	[10],[11]
Fair Value Percentage of Total Portfolio		1.20%	[1],[7],[8]	1.20%	[2],[10],[11]
Investment, Identifier [Axis]: Aventine Holdings, LLC, Media/Entertainment 2
Schedule of Investments [Line Items]
Investment Coupon Rate, PIK		10.25%	[7],[8],[9]	10.25%	[10],[11],[12]
Principal		$ 12,455	[7],[8]	$ 11,270	[10],[11]
Amortized Cost		12,278	[7],[8]	11,052	[10],[11]
Fair Value		$ 12,263	[7],[8]	$ 11,028	[10],[11]
Fair Value Percentage of Total Portfolio		3.20%	[1],[7],[8]	3%	[2],[10],[11]
Investment, Identifier [Axis]: Aventine Holdings, LLC, Media/Entertainment 3
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		6%	[7],[8],[9]	6%	[10],[11],[12]
Investment Coupon Rate		11.47%	[7],[8],[9]	10.38%	[10],[11],[12]
Investment Coupon Rate, PIK		4%	[7],[8],[9]	4%	[10],[11],[12]
Principal		$ 12,397	[7],[8]	$ 11,916	[10],[11]
Amortized Cost		12,238	[7],[8]	11,715	[10],[11]
Fair Value		$ 12,234	[7],[8]	$ 11,760	[10],[11]
Fair Value Percentage of Total Portfolio		3.20%	[1],[7],[8]	3.20%	[2],[10],[11]
Investment, Identifier [Axis]: BCPE Oceandrive Buyer, Inc., Healthcare 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		6%	[8],[9]	6.25%	[11],[12]
Investment Coupon Rate		11.46%	[8],[9]	10.67%	[11],[12]
Principal		$ 1,559	[8]	$ 786	[11]
Amortized Cost		1,538	[8]	786	[11]
Fair Value		$ 1,486	[8]	$ 759	[11]
Fair Value Percentage of Total Portfolio		0.40%	[1],[8]	0.20%	[2],[11]
Investment, Identifier [Axis]: BCPE Oceandrive Buyer, Inc., Healthcare 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		6.25%	[7],[8],[9]	6.25%	[11],[12]
Investment Coupon Rate		11.73%	[7],[8],[9]	10.67%	[11],[12]
Investment Coupon Rate, PIK	[7],[9]	3%
Principal		$ 802	[7],[8]	$ 1,547	[11]
Amortized Cost		802	[7],[8]	1,547	[11]
Fair Value		$ 765	[7],[8]	$ 1,495	[11]
Fair Value Percentage of Total Portfolio		0.20%	[1],[7],[8]	0.40%	[2],[11]
Investment, Identifier [Axis]: BCPE Oceandrive Buyer, Inc., Healthcare 3
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		6.25%	[7],[8],[9]	6.25%	[11],[12]
Investment Coupon Rate		11.73%	[7],[8],[9]	10.67%	[11],[12]
Investment Coupon Rate, PIK	[9]	3%
Principal		$ 1,579	[7],[8]	$ 9,286	[11]
Amortized Cost		1,553	[7],[8]	9,100	[11]
Fair Value		$ 1,505	[7],[8]	$ 8,969	[11]
Fair Value Percentage of Total Portfolio		0.40%	[1],[7],[8]	2.40%	[2],[11]
Investment, Identifier [Axis]: BCPE Oceandrive Buyer, Inc., Healthcare 4
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[11],[12]			6.25%
Investment Coupon Rate	[11],[12]			10.99%
Principal	[11]			$ 1,559
Amortized Cost	[11]			1,559
Fair Value	[11]			$ 1,506
Fair Value Percentage of Total Portfolio	[2],[11]			0.40%
Investment, Identifier [Axis]: BCPE Oceandrive Buyer, Inc.,Healthcare 4
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[7],[8],[9]	6.25%
Investment Coupon Rate	[7],[8],[9]	11.73%
Investment Coupon Rate, PIK	[7],[8],[9]	3%
Principal	[7],[8]	$ 9,475
Amortized Cost	[7],[8]	9,315
Fair Value	[7],[8]	$ 9,033
Fair Value Percentage of Total Portfolio	[1],[7],[8]	2.30%
Investment, Identifier [Axis]: Center Phase Energy, LLC, Utilities
Schedule of Investments [Line Items]
Number of Shares (in shares)	[8],[15],[16]	1,680,000
Amortized Cost	[8],[15],[16]	$ 1,680
Fair Value	[8],[15],[16]	$ 1,742
Fair Value Percentage of Total Portfolio	[1],[8],[15],[16]	0.50%
Investment, Identifier [Axis]: Center Phase Energy, LLC, Utilities 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		7%	[7],[8],[9]	7%	[10],[11],[12]
Investment Coupon Rate		12.46%	[7],[8],[9]	11.98%	[10],[11],[12]
Principal		$ 10,305	[7],[8]	$ 11,809	[10],[11]
Amortized Cost		10,159	[7],[8]	11,591	[10],[11]
Fair Value		$ 10,131	[7],[8]	$ 11,597	[10],[11]
Fair Value Percentage of Total Portfolio		2.60%	[1],[7],[8]	3.10%	[2],[10],[11]
Investment, Identifier [Axis]: Center Phase Energy, LLC, Utilities 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[8],[9],[13]	7%
Principal	[8],[13]	$ 0
Number of Shares (in shares)	[11],[17]			1,680
Amortized Cost		(91)	[8],[13]	$ 1,680	[11],[17]
Fair Value		$ (111)	[8],[13]	$ 1,742	[11],[17]
Fair Value Percentage of Total Portfolio		0%	[1],[8],[13]	0.50%	[2],[11],[17]
Investment, Identifier [Axis]: Communication Technology Intermediate, Business Services 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[7],[8],[9]	5.50%
Investment Coupon Rate	[7],[8],[9]	10.96%
Principal	[7],[8]	$ 7,478
Amortized Cost	[7],[8]	7,345
Fair Value	[7],[8]	$ 7,478
Fair Value Percentage of Total Portfolio	[1],[7],[8]	1.90%
Investment, Identifier [Axis]: Communication Technology Intermediate, Business Services 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[7],[8],[9]	5.50%
Investment Coupon Rate	[7],[8],[9]	10.96%
Principal	[7],[8]	$ 2,601
Amortized Cost	[7],[8]	2,570
Fair Value	[7],[8]	$ 2,601
Fair Value Percentage of Total Portfolio	[1],[7],[8]	0.70%
Investment, Identifier [Axis]: Communication Technology Intermediate, LLC, Business Services 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[10],[11],[12]			5.50%
Investment Coupon Rate	[10],[11],[12]			9.88%
Principal	[10],[11]			$ 7,554
Amortized Cost	[10],[11]			7,417
Fair Value	[10],[11]			$ 7,554
Fair Value Percentage of Total Portfolio	[2],[10],[11]			2%
Investment, Identifier [Axis]: Communication Technology Intermediate, LLC, Business Services 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[10],[11],[12]			5.50%
Investment Coupon Rate	[10],[11],[12]			9.88%
Principal	[10],[11]			$ 2,628
Amortized Cost	[10],[11]			2,628
Fair Value	[10],[11]			$ 2,628
Fair Value Percentage of Total Portfolio	[2],[10],[11]			0.70%
Investment, Identifier [Axis]: Communication Technology Intermediate, LLC, Business Services 3
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		5.50%	[8],[9],[13]	5.50%	[11],[12]
Investment Coupon Rate		10.96%	[8],[9],[13]	9.88%	[11],[12]
Principal		$ 86	[8],[13]	$ 86	[11]
Amortized Cost		75	[8],[13]	86	[11]
Fair Value		$ 86	[8],[13]	$ 86	[11]
Fair Value Percentage of Total Portfolio		0%	[1],[8],[13]	0%	[2],[11]
Investment, Identifier [Axis]: Community Brands ParentCo, LLC, Software/Services
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[10],[11],[12]			5.75%
Investment Coupon Rate	[10],[11],[12]			10.17%
Principal	[10],[11]			$ 9,152
Amortized Cost	[10],[11]			8,987
Fair Value	[10],[11]			$ 8,987
Fair Value Percentage of Total Portfolio	[2],[10],[11]			2.40%
Investment, Identifier [Axis]: Community Brands ParentCo, LLC, Software/Services 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[7],[8],[9]	5.50%
Investment Coupon Rate	[7],[8],[9]	10.96%
Principal	[7],[8]	$ 9,060
Amortized Cost	[7],[8]	8,920
Fair Value	[7],[8]	$ 8,897
Fair Value Percentage of Total Portfolio	[1],[7],[8]	2.30%
Investment, Identifier [Axis]: Community Brands ParentCo, LLC, Software/Services 3
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[8],[9],[13]	5.50%
Principal	[8],[13]	$ 0
Amortized Cost	[8],[13]	0
Fair Value	[8],[13]	$ (10)
Fair Value Percentage of Total Portfolio	[1],[8],[13]	0%
Investment, Identifier [Axis]: Community Brands ParentCo, LLC,Software/Services 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[8],[9],[13]	5.50%
Principal	[8],[13]	$ 0
Amortized Cost	[8],[13]	(16)
Fair Value	[8],[13]	$ (20)
Fair Value Percentage of Total Portfolio	[1],[8],[13]	0%
Investment, Identifier [Axis]: Corelogic, Inc., Business Services
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[10],[11],[12]			6.50%
Investment Coupon Rate	[10],[11],[12]			10.94%
Principal	[10],[11]			$ 4,645
Amortized Cost	[10],[11]			4,603
Fair Value	[10],[11]			$ 3,976
Fair Value Percentage of Total Portfolio	[2],[10],[11]			1.10%
Investment, Identifier [Axis]: Corelogic, Inc.,, Business Services
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[7],[9]	6.50%
Investment Coupon Rate	[7],[9]	11.96%
Principal	[7]	$ 4,645
Amortized Cost	[7]	4,605
Fair Value	[7]	$ 4,137
Fair Value Percentage of Total Portfolio	[1],[7]	1.10%
Investment, Identifier [Axis]: Coronis Health, LLC, Healthcare
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[10],[11],[12]			6.25%
Investment Coupon Rate	[10],[11],[12]			10.57%
Principal	[10],[11]			$ 24,299
Amortized Cost	[10],[11]			23,809
Fair Value	[10],[11]			$ 23,833
Fair Value Percentage of Total Portfolio	[2],[10],[11]			6.40%
Investment, Identifier [Axis]: Coronis Health, LLC, Healthcare 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[8],[9]	6.25%
Investment Coupon Rate	[8],[9]	11.63%
Principal	[8]	$ 1,968
Amortized Cost	[8]	1,928
Fair Value	[8]	$ 1,614
Fair Value Percentage of Total Portfolio	[1],[8]	0.40%
Investment, Identifier [Axis]: Coronis Health, LLC, Healthcare 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[7],[8],[9]	6.25%
Investment Coupon Rate	[7],[8],[9]	11.63%
Principal	[7],[8]	$ 24,056
Amortized Cost	[7],[8]	23,602
Fair Value	[7],[8]	$ 19,701
Fair Value Percentage of Total Portfolio	[1],[7],[8]	5.10%
Investment, Identifier [Axis]: Demakes Borrower, LLC, Food & Beverage 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[7],[8],[9]	6.25%
Investment Coupon Rate	[7],[8],[9]	11.62%
Principal	[7],[8]	$ 4,703
Amortized Cost	[7],[8]	4,586
Fair Value	[7],[8]	$ 4,586
Fair Value Percentage of Total Portfolio	[1],[7],[8]	1.20%
Investment, Identifier [Axis]: Demakes Borrower, LLC, Food & Beverage 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[8],[9],[13]	6.25%
Principal	[8],[13]	$ 0
Amortized Cost	[8],[13]	(16)
Fair Value	[8],[13]	$ (33)
Fair Value Percentage of Total Portfolio	[1],[8],[13]	0%
Investment, Identifier [Axis]: Division Holding Corp., Business Services
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		4.75%	[7],[9]	4.75%	[10],[12]
Investment Coupon Rate		10.22%	[7],[9]	9.13%	[10],[12]
Principal		$ 3,704	[7]	$ 3,742	[10]
Amortized Cost		3,673	[7]	3,709	[10]
Fair Value		$ 3,667	[7]	$ 3,643	[10]
Fair Value Percentage of Total Portfolio		0.90%	[1],[7]	1%	[2],[10]
Investment, Identifier [Axis]: Eliassen Group, LLC, Business Services 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		5.50%	[7],[8],[9]	5.50%	[11],[12]
Investment Coupon Rate		10.85%	[7],[8],[9]	8.88%	[11],[12]
Principal		$ 5,680	[7],[8]	$ 217	[11]
Amortized Cost		5,635	[7],[8]	217	[11]
Fair Value		$ 5,630	[7],[8]	$ 215	[11]
Fair Value Percentage of Total Portfolio		1.50%	[1],[7],[8]	0.10%	[2],[11]
Investment, Identifier [Axis]: Eliassen Group, LLC, Business Services 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		5.50%	[7],[8],[9],[13]	5.50%	[10],[11],[12]
Investment Coupon Rate		10.88%	[7],[8],[9],[13]	10.08%	[10],[11],[12]
Principal		$ 454	[7],[8],[13]	$ 5,738	[10],[11]
Amortized Cost		449	[7],[8],[13]	5,685	[10],[11]
Fair Value		$ 442	[7],[8],[13]	$ 5,687	[10],[11]
Fair Value Percentage of Total Portfolio		0.10%	[1],[7],[8],[13]	1.50%	[2],[10],[11]
Investment, Identifier [Axis]: Encina Equipment Finance, LLC, Equity/Other
Schedule of Investments [Line Items]
Fair Value				$ 30,742		$ 30,742
Investment, Identifier [Axis]: Encina Equipment Finance, LLC, Subordinated Debt 1
Schedule of Investments [Line Items]
Fair Value				6,914		0
Investment, Identifier [Axis]: Encina Equipment Finance, LLC, Subordinated Debt 2
Schedule of Investments [Line Items]
Fair Value				$ 24,500		24,412
Investment, Identifier [Axis]: FGT Purchaser, LLC Consumer 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[8],[9],[13]	5.50%
Investment Coupon Rate	[8],[9],[13]	10.98%
Principal	[8],[13]	$ 342
Amortized Cost	[8],[13]	330
Fair Value	[8],[13]	$ 342
Fair Value Percentage of Total Portfolio	[1],[8],[13]	0.10%
Investment, Identifier [Axis]: FGT Purchaser, LLC, Consumer 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		5.50%	[7],[8],[9]	5.50%	[10],[11],[12]
Investment Coupon Rate		10.95%	[7],[8],[9]	10.18%	[10],[11],[12]
Principal		$ 9,561	[7],[8]	$ 9,658	[10],[11]
Amortized Cost		9,417	[7],[8]	9,496	[10],[11]
Fair Value		$ 9,561	[7],[8]	$ 9,658	[10],[11]
Fair Value Percentage of Total Portfolio		2.50%	[1],[7],[8]	2.60%	[2],[10],[11]
Investment, Identifier [Axis]: FGT Purchaser, LLC, Consumer 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[11],[12]			5.50%
Investment Coupon Rate	[11],[12]			10.18%
Principal	[11]			$ 371
Amortized Cost	[11]			371
Fair Value	[11]			$ 371
Fair Value Percentage of Total Portfolio	[2],[11]			0.10%
Investment, Identifier [Axis]: FR Flow Control Luxco 1 SARL, Industrials
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[7],[8],[9]	5.50%
Investment Coupon Rate	[7],[8],[9]	11.11%
Principal	[7],[8]	$ 4,417
Amortized Cost	[7],[8]	4,386
Fair Value	[7],[8]	$ 4,417
Fair Value Percentage of Total Portfolio	[1],[7],[8]	1.10%
Investment, Identifier [Axis]: FR Flow Control Luxco 1 Sarl, Industrials
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[10],[11],[12]			5.50%
Investment Coupon Rate	[10],[11],[12]			9.94%
Principal	[10],[11]			$ 4,462
Amortized Cost	[10],[11]			4,422
Fair Value	[10],[11]			$ 4,462
Fair Value Percentage of Total Portfolio	[2],[10],[11]			1.20%
Investment, Identifier [Axis]: Faraday Buyer, LLC, Utilities
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[10],[11],[12]			7%
Investment Coupon Rate	[10],[11],[12]			11.32%
Principal	[10],[11]			$ 12,902
Amortized Cost	[10],[11]			12,521
Fair Value	[10],[11]			$ 12,529
Fair Value Percentage of Total Portfolio	[2],[10],[11]			3.40%
Investment, Identifier [Axis]: Faraday Buyer, LLC, Utilities 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[7],[8],[9]	6%
Investment Coupon Rate	[7],[8],[9]	11.35%
Principal	[7],[8]	$ 16,714
Amortized Cost	[7],[8]	16,610
Fair Value	[7],[8]	$ 16,379
Fair Value Percentage of Total Portfolio	[1],[7],[8]	4.20%
Investment, Identifier [Axis]: Faraday Buyer, LLC, Utilities 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[8],[9],[13]	6%
Principal	[8],[13]	$ 0
Amortized Cost	[8],[13]	(18)
Fair Value	[8],[13]	$ (37)
Fair Value Percentage of Total Portfolio	[1],[8],[13]	0%
Investment, Identifier [Axis]: First Eagle Holdings, Inc.,Financials
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[10],[11],[12]			6.50%
Investment Coupon Rate	[10],[11],[12]			10.73%
Principal	[10],[11]			$ 13,860
Amortized Cost	[10],[11]			13,471
Fair Value	[10],[11]			$ 13,483
Fair Value Percentage of Total Portfolio	[2],[10],[11]			3.60%
Investment, Identifier [Axis]: Florida Food Products, LLC, Food & Beverage
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		5%	[7],[8],[9]	5%	[10],[11],[12]
Investment Coupon Rate		10.47%	[7],[8],[9]	9.38%	[10],[11],[12]
Principal		$ 12,505	[7],[8]	$ 12,633	[10],[11]
Amortized Cost		12,317	[7],[8]	12,413	[10],[11]
Fair Value		$ 11,630	[7],[8]	$ 11,938	[10],[11]
Fair Value Percentage of Total Portfolio		3%	[1],[7],[8]	3.20%	[2],[10],[11]
Investment, Identifier [Axis]: Galway Borrower, LLC, Financials
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[10],[11],[12]			5.25%
Investment Coupon Rate	[10],[11],[12]			9.98%
Principal	[10],[11]			$ 13,541
Amortized Cost	[10],[11]			13,355
Fair Value	[10],[11]			$ 13,304
Fair Value Percentage of Total Portfolio	[2],[10],[11]			3.60%
Investment, Identifier [Axis]: Galway Borrower, LLC, Financials 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[7],[8],[9]	5.25%
Investment Coupon Rate	[7],[8],[9]	10.70%
Principal	[7],[8]	$ 13,529
Amortized Cost	[7],[8]	13,345
Fair Value	[7],[8]	$ 13,529
Fair Value Percentage of Total Portfolio	[1],[7],[8]	3.50%
Investment, Identifier [Axis]: Galway Borrower, LLC, Financials 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[8],[9],[13]	5.25%
Principal	[8],[13]	$ 0
Amortized Cost	[8],[13]	(12)
Fair Value	[8],[13]	$ 0
Fair Value Percentage of Total Portfolio	[1],[8],[13]	0%
Investment, Identifier [Axis]: Geosyntec Consultants, Inc, Business Services 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[7],[8],[9]	5.25%
Investment Coupon Rate	[7],[8],[9]	10.61%
Principal	[7],[8]	$ 11,407
Amortized Cost	[7],[8]	11,238
Fair Value	[7],[8]	$ 11,240
Fair Value Percentage of Total Portfolio	[1],[7],[8]	2.90%
Investment, Identifier [Axis]: Geosyntec Consultants, Inc., Business Services
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[10],[11],[12]			5.25%
Investment Coupon Rate	[10],[11],[12]			9.57%
Principal	[10],[11]			$ 11,523
Amortized Cost	[10],[11]			11,332
Fair Value	[10],[11]			$ 11,340
Fair Value Percentage of Total Portfolio	[2],[10],[11]			3%
Investment, Identifier [Axis]: Geosyntec Consultants, Inc., Business Services 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[7],[8],[9],[13]	5.25%
Investment Coupon Rate	[7],[8],[9],[13]	10.61%
Principal	[7],[8],[13]	$ 2,743
Amortized Cost	[7],[8],[13]	2,685
Fair Value	[7],[8],[13]	$ 2,663
Fair Value Percentage of Total Portfolio	[1],[7],[8],[13]	0.70%
Investment, Identifier [Axis]: Geosyntec Consultants, Inc., Business Services 3
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[8],[9],[13]	5.25%
Principal	[8],[13]	$ 0
Amortized Cost	[8],[13]	(27)
Fair Value	[8],[13]	$ (30)
Fair Value Percentage of Total Portfolio	[1],[8],[13]	0%
Investment, Identifier [Axis]: Gogo Intermediate Holdings, LLC, Telecom
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[9],[13],[18]	3.75%
Principal	[13],[18]	$ 0
Amortized Cost	[13],[18]	0
Fair Value	[13],[18]	$ (3)
Fair Value Percentage of Total Portfolio	[1],[13],[18]	0%
Investment, Identifier [Axis]: Gordian Medical, Inc., Healthcare
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		6.25%	[7],[8],[9]	6.25%	[10],[11],[12]
Investment Coupon Rate		12.15%	[7],[8],[9]	10.98%	[10],[11],[12]
Principal		$ 4,361	[7],[8]	$ 4,405	[10],[11]
Amortized Cost		4,288	[7],[8]	4,314	[10],[11]
Fair Value		$ 2,769	[7],[8]	$ 4,057	[10],[11]
Fair Value Percentage of Total Portfolio		0.70%	[1],[7],[8]	1.10%	[2],[10],[11]
Investment, Identifier [Axis]: Green Energy Partners/Stonewall, LLC, Utilities
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		6%	[7],[8],[9]	6%	[10],[11],[12]
Investment Coupon Rate		11.61%	[7],[8],[9]	10.73%	[10],[11],[12]
Principal		$ 4,572	[7],[8]	$ 4,618	[10],[11]
Amortized Cost		4,513	[7],[8]	4,543	[10],[11]
Fair Value		$ 4,572	[7],[8]	$ 4,618	[10],[11]
Fair Value Percentage of Total Portfolio		1.20%	[1],[7],[8]	1.20%	[2],[10],[11]
Investment, Identifier [Axis]: IG Investments Holdings, LLC, Business Services 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		6%	[7],[8],[9]	6%	[10],[11],[12]
Investment Coupon Rate		11.48%	[7],[8],[9]	10.38%	[10],[11],[12]
Principal		$ 7,936	[7],[8]	$ 8,018	[10],[11]
Amortized Cost		7,815	[7],[8]	7,880	[10],[11]
Fair Value		$ 7,864	[7],[8]	$ 7,945	[10],[11]
Fair Value Percentage of Total Portfolio		2%	[1],[7],[8]	2.10%	[2],[10],[11]
Investment, Identifier [Axis]: IG Investments Holdings, LLC, Business Services 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		6%	[7],[8],[9]	6%	[10],[11],[12]
Investment Coupon Rate		11.48%	[7],[8],[9]	10.38%	[10],[11],[12]
Principal		$ 143	[7],[8]	$ 145	[10],[11]
Amortized Cost		142	[7],[8]	143	[10],[11]
Fair Value		$ 142	[7],[8]	$ 143	[10],[11]
Fair Value Percentage of Total Portfolio		0%	[1],[7],[8]	0%	[2],[10],[11]
Investment, Identifier [Axis]: IG Investments Holdings, LLC, Business Services 3
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[11],[12]			6%
Investment Coupon Rate	[11],[12]			10.39%
Principal	[11]			$ 253
Amortized Cost	[11]			253
Fair Value	[11]			$ 250
Fair Value Percentage of Total Portfolio	[2],[11]			0.10%
Investment, Identifier [Axis]: IG Investments Holdings, LLC,Business Services 3
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[8],[9],[13]	6%
Principal	[8],[13]	$ 0
Amortized Cost	[8],[13]	(9)
Fair Value	[8],[13]	$ (6)
Fair Value Percentage of Total Portfolio	[1],[8],[13]	0%
Investment, Identifier [Axis]: IQN Holding Corp., Software/Services 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		5.25%	[7],[8],[9]	5.50%	[11],[12]
Investment Coupon Rate		10.64%	[7],[8],[9]	9.68%	[11],[12]
Principal		$ 5,750	[7],[8]	$ 95	[11]
Amortized Cost		5,707	[7],[8]	95	[11]
Fair Value		$ 5,703	[7],[8]	$ 94	[11]
Fair Value Percentage of Total Portfolio		1.50%	[1],[7],[8]	0%	[2],[11]
Investment, Identifier [Axis]: IQN Holding Corp., Software/Services 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		5.25%	[8],[9],[13]	4.50%	[10],[11],[12]
Investment Coupon Rate	[10],[11],[12]			12%
Principal		$ 0	[8],[13]	$ 5,460	[10],[11]
Amortized Cost		(6)	[8],[13]	5,410	[10],[11]
Fair Value		$ (5)	[8],[13]	$ 5,412	[10],[11]
Fair Value Percentage of Total Portfolio		0%	[1],[8],[13]	1.50%	[2],[10],[11]
Investment, Identifier [Axis]: IQN Holding Corp., Software/Services 3
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[8],[9],[13]	5.25%
Principal	[8],[13]	$ 0
Amortized Cost	[8],[13]	(4)
Fair Value	[8],[13]	$ (4)
Fair Value Percentage of Total Portfolio	[1],[8],[13]	0%
Investment, Identifier [Axis]: Indigo Buyer, Inc, Paper & Packaging 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[11],[12]			5.75%
Investment Coupon Rate	[11],[12]			10.17%
Principal	[11]			$ 256
Amortized Cost	[11]			256
Fair Value	[11]			$ 251
Fair Value Percentage of Total Portfolio	[2],[11]			0.10%
Investment, Identifier [Axis]: Indigo Buyer, Inc., Paper & Packaging 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		6.25%	[7],[8],[9]	5.75%	[10],[11],[12]
Investment Coupon Rate		11.73%	[7],[8],[9]	10.17%	[10],[11],[12]
Principal		$ 8,891	[7],[8]	$ 8,981	[10],[11]
Amortized Cost		8,752	[7],[8]	8,814	[10],[11]
Fair Value		$ 8,738	[7],[8]	$ 8,819	[10],[11]
Fair Value Percentage of Total Portfolio		2.30%	[1],[7],[8]	2.40%	[2],[10],[11]
Investment, Identifier [Axis]: Indigo Buyer, Inc., Paper & Packaging 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[7],[8],[9]	6.25%
Investment Coupon Rate	[7],[8],[9]	11.73%
Principal	[7],[8]	$ 3,802
Amortized Cost	[7],[8]	3,743
Fair Value	[7],[8]	$ 3,737
Fair Value Percentage of Total Portfolio	[1],[7],[8]	1%
Investment, Identifier [Axis]: Indigo Buyer, Inc., Paper & Packaging 3
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[8],[9],[13]	6.25%
Investment Coupon Rate	[8],[9],[13]	11.72%
Principal	[8],[13]	$ 614
Amortized Cost	[8],[13]	594
Fair Value	[8],[13]	$ 588
Fair Value Percentage of Total Portfolio	[1],[8],[13]	0.20%
Investment, Identifier [Axis]: J&K Ingredients, LLC, Food & Beverage
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[7],[8],[9]	6.50%
Investment Coupon Rate	[7],[8],[9]	11.85%
Principal	[7],[8]	$ 3,269
Amortized Cost	[7],[8]	3,189
Fair Value	[7],[8]	$ 3,189
Fair Value Percentage of Total Portfolio	[1],[7],[8]	0.80%
Investment, Identifier [Axis]: Jakks Pacific, Inc., Consumer
Schedule of Investments [Line Items]
Number of Shares (in shares)		783,000	[8],[16],[18]	783	[11]
Amortized Cost		$ 24	[8],[16],[18]	$ 18	[11]
Fair Value		$ 117	[8],[16],[18]	$ 116	[11]
Fair Value Percentage of Total Portfolio		0%	[1],[8],[16],[18]	0%	[2],[11]
Investment, Identifier [Axis]: Jakks Pacific, Inc., Equity/Other
Schedule of Investments [Line Items]
Fair Value				$ 0		$ 116
Investment, Identifier [Axis]: Kissner Milling Co., Ltd., Industrials
Schedule of Investments [Line Items]
Investment Coupon Rate		4.88%	[7],[9],[16]	4.88%	[12]
Principal		$ 2,275	[7],[16]	$ 2,275
Amortized Cost		2,275	[7],[16]	2,275
Fair Value		$ 2,142	[7],[16]	$ 1,955
Fair Value Percentage of Total Portfolio		0.60%	[1],[7],[16]	0.50%	[2]
Investment, Identifier [Axis]: Knowledge Pro Buyer, Inc., Business Services 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		5.75%	[7],[8],[9]	5.75%	[11],[12]
Investment Coupon Rate		11.21%	[7],[8],[9]	10.04%	[11],[12]
Principal		$ 11,008	[7],[8]	$ 1,052	[11]
Amortized Cost		10,854	[7],[8]	1,052	[11]
Fair Value		$ 11,008	[7],[8]	$ 1,034	[11]
Fair Value Percentage of Total Portfolio		2.80%	[1],[7],[8]	0.30%	[2],[11]
Investment, Identifier [Axis]: Knowledge Pro Buyer, Inc., Business Services 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		5.75%	[8],[9],[13]	5.75%	[10],[11],[12]
Investment Coupon Rate		11.19%	[8],[9],[13]	10.04%	[10],[11],[12]
Principal		$ 1,042	[8],[13]	$ 11,121	[10],[11]
Amortized Cost		1,018	[8],[13]	10,936	[10],[11]
Fair Value		$ 1,042	[8],[13]	$ 10,926	[10],[11]
Fair Value Percentage of Total Portfolio		0.30%	[1],[8],[13]	2.90%	[2],[10],[11]
Investment, Identifier [Axis]: Knowledge Pro Buyer, Inc., Business Services 3
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[8],[9],[13]	5.75%
Investment Coupon Rate	[8],[9],[13]	11.21%
Principal	[8],[13]	$ 275
Amortized Cost	[8],[13]	260
Fair Value	[8],[13]	$ 275
Fair Value Percentage of Total Portfolio	[1],[8],[13]	0.10%
Investment, Identifier [Axis]: LSF12 Donnelly Bidco, LLC, Industrials
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[7],[8],[9]	6.50%
Investment Coupon Rate	[7],[8],[9]	11.86%
Principal	[7],[8]	$ 4,983
Amortized Cost	[7],[8]	4,863
Fair Value	[7],[8]	$ 4,864
Fair Value Percentage of Total Portfolio	[1],[7],[8]	1.30%
Investment, Identifier [Axis]: Liquid Tech Solutions Holdings, LLC, Industrials
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		4.75%	[7],[8],[9]	4.75%	[10],[12]
Investment Coupon Rate		10.22%	[7],[8],[9]	8.92%	[10],[12]
Principal		$ 5,397	[7],[8]	$ 5,452	[10]
Amortized Cost		5,379	[7],[8]	5,431	[10]
Fair Value		$ 5,397	[7],[8]	$ 5,153	[10]
Fair Value Percentage of Total Portfolio		1.40%	[1],[7],[8]	1.40%	[2],[10]
Investment, Identifier [Axis]: Mckissock Investment Holdings, LLC, Education
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[7],[9]	5%
Investment Coupon Rate	[7],[9]	10.38%
Principal	[7]	$ 1,306
Amortized Cost	[7]	1,274
Fair Value	[7]	$ 1,302
Fair Value Percentage of Total Portfolio	[1],[7]	0.30%
Investment, Identifier [Axis]: Medical Management Resource Group, LLC, Healthcare 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		6%	[7],[8],[9]	5.75%	[10],[11],[12]
Investment Coupon Rate		11.45%	[7],[8],[9]	9.83%	[10],[11],[12]
Principal		$ 2,971	[7],[8]	$ 3,001	[10],[11]
Amortized Cost		2,931	[7],[8]	3,001	[10],[11]
Fair Value		$ 2,931	[7],[8]	$ 2,960	[10],[11]
Fair Value Percentage of Total Portfolio		0.80%	[1],[7],[8]	0.80%	[2],[10],[11]
Investment, Identifier [Axis]: Medical Management Resource Group, LLC, Healthcare 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		6%	[7],[8],[9]	5.75%	[10],[11],[12]
Investment Coupon Rate		11.45%	[7],[8],[9]	10.17%	[10],[11],[12]
Principal		$ 7,193	[7],[8]	$ 7,267	[10],[11]
Amortized Cost		7,094	[7],[8]	7,147	[10],[11]
Fair Value		$ 7,096	[7],[8]	$ 7,169	[10],[11]
Fair Value Percentage of Total Portfolio		1.80%	[1],[7],[8]	1.90%	[2],[10],[11]
Investment, Identifier [Axis]: Medical Management Resource Group, LLC, Healthcare 3
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[8],[9],[13]	6%
Investment Coupon Rate	[8],[9],[13]	11.45%
Principal	[8],[13]	$ 338
Amortized Cost	[8],[13]	330
Fair Value	[8],[13]	$ 329
Fair Value Percentage of Total Portfolio	[1],[8],[13]	0.10%
Investment, Identifier [Axis]: Mercury Merger Sub, Inc, Business Services
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[7],[8],[9]	6.50%
Investment Coupon Rate	[7],[8],[9]	12.18%
Principal	[7],[8]	$ 6,080
Amortized Cost	[7],[8]	6,044
Fair Value	[7],[8]	$ 5,885
Fair Value Percentage of Total Portfolio	[1],[7],[8]	1.50%
Investment, Identifier [Axis]: Mercury Merger Sub, Inc., Business Services
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[10],[11],[12]			6.50%
Investment Coupon Rate	[10],[11],[12]			10.25%
Principal	[10],[11]			$ 6,080
Amortized Cost	[10],[11]			6,037
Fair Value	[10],[11]			$ 5,885
Fair Value Percentage of Total Portfolio	[2],[10],[11]			1.60%
Investment, Identifier [Axis]: Mirra-Primeaccess Holdings, LLC, Healthcare 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		6.50%	[7],[8],[9]	6.50%	[10],[11],[12]
Investment Coupon Rate		11.97%	[7],[8],[9]	10.88%	[10],[11],[12]
Principal		$ 21,178	[7],[8]	$ 21,394	[10],[11]
Amortized Cost		20,917	[7],[8]	21,054	[10],[11]
Fair Value		$ 21,178	[7],[8]	$ 21,394	[10],[11]
Fair Value Percentage of Total Portfolio		5.50%	[1],[7],[8]	5.80%	[2],[10],[11]
Investment, Identifier [Axis]: Mirra-Primeaccess Holdings, LLC, Healthcare 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		6.50%	[8],[9],[13]	6.50%	[11],[12]
Investment Coupon Rate		11.97%	[8],[9],[13]	10.57%	[11],[12]
Principal		$ 857	[8],[13]	$ 1,286	[11]
Amortized Cost		819	[8],[13]	1,286	[11]
Fair Value		$ 857	[8],[13]	$ 1,286	[11]
Fair Value Percentage of Total Portfolio		0.20%	[1],[8],[13]	0.30%	[2],[11]
Investment, Identifier [Axis]: Monumental RSN, LLC, Media/Entertainment
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[10],[11],[12]			6%
Investment Coupon Rate	[10],[11],[12]			10.32%
Principal	[10],[11]			$ 13,645
Amortized Cost	[10],[11]			13,512
Fair Value	[10],[11]			$ 13,781
Fair Value Percentage of Total Portfolio	[2],[10],[11]			3.70%
Investment, Identifier [Axis]: Odessa Technologies, Inc., Software/Services
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[10],[11],[12]			5.75%
Investment Coupon Rate	[10],[11],[12]			10.09%
Principal	[10],[11]			$ 6,524
Amortized Cost	[10],[11]			6,414
Fair Value	[10],[11]			$ 6,408
Fair Value Percentage of Total Portfolio	[2],[10],[11]			1.70%
Investment, Identifier [Axis]: Odessa Technologies, Inc., Software/Services 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[7],[8],[9]	5.75%
Investment Coupon Rate	[7],[8],[9]	11.21%
Principal	[7],[8]	$ 6,458
Amortized Cost	[7],[8]	6,367
Fair Value	[7],[8]	$ 6,458
Fair Value Percentage of Total Portfolio	[1],[7],[8]	1.70%
Investment, Identifier [Axis]: Odessa Technologies, Inc., Software/Services 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[8],[9],[13]	5.75%
Principal	[8],[13]	$ 0
Amortized Cost	[8],[13]	(22)
Fair Value	[8],[13]	$ 0
Fair Value Percentage of Total Portfolio	[1],[8],[13]	0%
Investment, Identifier [Axis]: PetVet Care Centers, LLC, Healthcare 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[7],[8],[9]	6%
Investment Coupon Rate	[7],[8],[9]	11.36%
Principal	[7],[8]	$ 8,107
Amortized Cost	[7],[8]	7,945
Fair Value	[7],[8]	$ 7,948
Fair Value Percentage of Total Portfolio	[1],[7],[8]	2%
Investment, Identifier [Axis]: PetVet Care Centers, LLC, Healthcare 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[8],[9],[13]	6%
Principal	[8],[13]	$ 0
Amortized Cost	[8],[13]	(10)
Fair Value	[8],[13]	$ (21)
Fair Value Percentage of Total Portfolio	[1],[8],[13]	0%
Investment, Identifier [Axis]: PetVet Care Centers, LLC, Healthcare 3
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[8],[9],[13]	6%
Principal	[8],[13]	$ 0
Amortized Cost	[8],[13]	(21)
Fair Value	[8],[13]	$ (21)
Fair Value Percentage of Total Portfolio	[1],[8],[13]	0%
Investment, Identifier [Axis]: Pie Buyer, Inc., Food & Beverage 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		5.50%	[7],[8],[9]	5.50%	[10],[11],[12]
Investment Coupon Rate		10.93%	[7],[8],[9]	8.38%	[10],[11],[12]
Principal		$ 11,178	[7],[8]	$ 11,293	[10],[11]
Amortized Cost		10,972	[7],[8]	11,029	[10],[11]
Fair Value		$ 11,178	[7],[8]	$ 11,293	[10],[11]
Fair Value Percentage of Total Portfolio		2.90%	[1],[7],[8]	3%	[2],[10],[11]
Investment, Identifier [Axis]: Pie Buyer, Inc., Food & Beverage 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		5.50%	[7],[8],[9]	5.50%	[10],[11],[12]
Investment Coupon Rate		10.93%	[7],[8],[9]	9.67%	[10],[11],[12]
Principal		$ 2,419	[7],[8]	$ 2,443	[10],[11]
Amortized Cost		2,378	[7],[8]	2,443	[10],[11]
Fair Value		$ 2,419	[7],[8]	$ 2,443	[10],[11]
Fair Value Percentage of Total Portfolio		0.60%	[1],[7],[8]	0.70%	[2],[10],[11]
Investment, Identifier [Axis]: Pie Buyer, Inc., Food & Beverage 3
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		5.50%	[7],[8],[9]	5.50%	[11],[12]
Investment Coupon Rate		11.20%	[7],[8],[9]	10.67%	[11],[12]
Principal		$ 828	[7],[8]	$ 185	[11]
Amortized Cost		816	[7],[8]	185	[11]
Fair Value		$ 828	[7],[8]	$ 185	[11]
Fair Value Percentage of Total Portfolio		0.20%	[1],[7],[8]	0%	[2],[11]
Investment, Identifier [Axis]: Pie Buyer, Inc., Food & Beverage 4
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		5.50%	[7],[8],[9],[13]	5.50%	[10],[11],[12]
Investment Coupon Rate		11.03%	[7],[8],[9],[13]	8.69%	[10],[11],[12]
Principal		$ 634	[7],[8],[13]	$ 837	[10],[11]
Amortized Cost		615	[7],[8],[13]	822	[10],[11]
Fair Value		$ 634	[7],[8],[13]	$ 837	[10],[11]
Fair Value Percentage of Total Portfolio		0.20%	[1],[7],[8],[13]	0.20%	[2],[10],[11]
Investment, Identifier [Axis]: Pie Buyer, Inc., Food & Beverage 5
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[8],[9],[13]	5.50%
Investment Coupon Rate	[8],[9],[13]	10.93%
Principal	[8],[13]	$ 346
Amortized Cost	[8],[13]	336
Fair Value	[8],[13]	$ 346
Fair Value Percentage of Total Portfolio	[1],[8],[13]	0.10%
Investment, Identifier [Axis]: Pluralsight, LLC, Software/Services
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[11],[12]			8%
Investment Coupon Rate	[11],[12]			12.75%
Principal	[11]			$ 319
Amortized Cost	[11]			319
Fair Value	[11]			$ 314
Fair Value Percentage of Total Portfolio	[2],[11]			0.10%
Investment, Identifier [Axis]: Pluralsight, LLC, Software/Services 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		8%	[7],[8],[9]	8%	[10],[11],[12]
Investment Coupon Rate		13.56%	[7],[8],[9]	11.83%	[10],[11],[12]
Principal		$ 7,499	[7],[8]	$ 7,499	[10],[11]
Amortized Cost		7,404	[7],[8]	7,380	[10],[11]
Fair Value		$ 7,059	[7],[8]	$ 7,375	[10],[11]
Fair Value Percentage of Total Portfolio		1.80%	[1],[7],[8]	2%	[2],[10],[11]
Investment, Identifier [Axis]: Pluralsight, LLC, Software/Services 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		8%	[7],[8],[9]	8%	[10],[11],[12]
Investment Coupon Rate		13.56%	[7],[8],[9]	12.75%	[10],[11],[12]
Principal		$ 2,680	[7],[8]	$ 2,680	[10],[11]
Amortized Cost		2,642	[7],[8]	2,635	[10],[11]
Fair Value		$ 2,523	[7],[8]	$ 2,636	[10],[11]
Fair Value Percentage of Total Portfolio		0.70%	[1],[7],[8]	0.70%	[2],[10],[11]
Investment, Identifier [Axis]: Pluralsight, LLC, Software/Services 3
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[8],[9],[13]	8%
Investment Coupon Rate	[8],[9],[13]	13.56%
Principal	[8],[13]	$ 496
Amortized Cost	[8],[13]	489
Fair Value	[8],[13]	$ 458
Fair Value Percentage of Total Portfolio	[1],[8],[13]	0.10%
Investment, Identifier [Axis]: Point Broadband Acquisition, LLC, Telecom
Schedule of Investments [Line Items]
Number of Shares (in shares)		1,159,828,000	[8],[15],[16],[19]	1,159,828	[11],[17],[20]
Amortized Cost		$ 1,160	[8],[15],[16],[19]	$ 1,160	[11],[17],[20]
Fair Value		$ 1,717	[8],[15],[16],[19]	$ 1,369	[11],[17],[20]
Fair Value Percentage of Total Portfolio		0.40%	[1],[8],[15],[16],[19]	0.40%	[2],[11],[17],[20]
Investment, Identifier [Axis]: Point Broadband Acquisition, LLC, Telecom 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		6%	[7],[8],[9]	6%	[11],[12]
Investment Coupon Rate		11.47%	[7],[8],[9]	10.56%	[11],[12]
Principal		$ 3,633	[7],[8]	$ 1,733	[11]
Amortized Cost		3,567	[7],[8]	1,733	[11]
Fair Value		$ 3,633	[7],[8]	$ 1,697	[11]
Fair Value Percentage of Total Portfolio		0.90%	[1],[7],[8]	0.50%	[2],[11]
Investment, Identifier [Axis]: Point Broadband Acquisition, LLC, Telecom 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		6%	[7],[8],[9]	6%	[10],[11],[12]
Investment Coupon Rate		11.51%	[7],[8],[9]	9.75%	[10],[11],[12]
Principal		$ 8,619	[7],[8]	$ 8,707	[10],[11]
Amortized Cost		8,443	[7],[8]	8,514	[10],[11]
Fair Value		$ 8,619	[7],[8]	$ 8,529	[10],[11]
Fair Value Percentage of Total Portfolio		2.20%	[1],[7],[8]	2.30%	[2],[10],[11]
Investment, Identifier [Axis]: Post Road Equipment Finance, LLC, Equity/Other
Schedule of Investments [Line Items]
Fair Value		$ 32,600		$ 30,742
Investment, Identifier [Axis]: Post Road Equipment Finance, LLC, Financials
Schedule of Investments [Line Items]
Number of Shares (in shares)		29,908,561,000	[8],[15],[16],[21]	29,908,561	[11],[17],[22]
Amortized Cost		$ 32,661	[8],[15],[16],[21]	$ 30,777	[11],[17],[22]
Fair Value		$ 32,600	[8],[15],[16],[21]	$ 30,742	[11],[17],[22]
Fair Value Percentage of Total Portfolio		8.40%	[1],[8],[15],[16],[21]	8.20%	[2],[11],[17],[22]
Investment, Identifier [Axis]: Post Road Equipment Finance, LLC, Financials 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		7.75%	[8],[9],[21],[23],[24]	7.75%	[11],[12],[22]
Investment Coupon Rate		13.14%	[8],[9],[21],[23],[24]	11.94%	[11],[12],[22]
Principal		$ 11,000	[8],[21],[23],[24]	$ 6,914	[11],[22]
Amortized Cost		10,956	[8],[21],[23],[24]	6,914	[11],[22]
Fair Value		$ 11,000	[8],[21],[23],[24]	$ 6,914	[11],[22]
Fair Value Percentage of Total Portfolio		2.80%	[1],[8],[21],[23],[24]	1.90%	[2],[11],[22]
Investment, Identifier [Axis]: Post Road Equipment Finance, LLC, Financials 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		7.75%	[8],[9],[21],[23],[24]	7.75%	[11],[12],[22]
Investment Coupon Rate		13.14%	[8],[9],[21],[23],[24]	11.94%	[11],[12],[22]
Principal		$ 24,500	[8],[21],[23],[24]	$ 24,500	[11],[22]
Amortized Cost		24,433	[8],[21],[23],[24]	24,422	[11],[22]
Fair Value		$ 24,500	[8],[21],[23],[24]	$ 24,500	[11],[22]
Fair Value Percentage of Total Portfolio		6.40%	[1],[8],[21],[23],[24]	6.60%	[2],[11],[22]
Investment, Identifier [Axis]: Post Road Equipment Finance, LLC, Subordinated Debt 1
Schedule of Investments [Line Items]
Fair Value		$ 11,000		$ 6,914
Investment, Identifier [Axis]: Post Road Equipment Finance, LLC, Subordinated Debt 2
Schedule of Investments [Line Items]
Fair Value		$ 24,500		$ 24,500
Investment, Identifier [Axis]: Proofpoint, Inc., Software/Services
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[10],[12]			6.25%
Investment Coupon Rate	[10],[12]			10.99%
Principal	[10]			$ 3,380
Amortized Cost	[10]			3,367
Fair Value	[10]			$ 3,234
Fair Value Percentage of Total Portfolio	[2],[10]			0.90%
Investment, Identifier [Axis]: Proofpoint, Inc.,, Software/Services
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[7],[9]	6.25%
Investment Coupon Rate	[7],[9]	11.72%
Principal	[7]	$ 3,380
Amortized Cost	[7]	3,367
Fair Value	[7]	$ 3,405
Fair Value Percentage of Total Portfolio	[1],[7]	0.90%
Investment, Identifier [Axis]: RSC Acquisition, Inc., Financials 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		5.50%	[7],[8],[9]	5.50%	[11],[12]
Investment Coupon Rate		11.04%	[7],[8],[9]	10.23%	[11],[12]
Principal		$ 2,161	[7],[8]	$ 638	[11]
Amortized Cost		2,161	[7],[8]	638	[11]
Fair Value		$ 2,161	[7],[8]	$ 638	[11]
Fair Value Percentage of Total Portfolio		0.60%	[1],[7],[8]	0.20%	[2],[11]
Investment, Identifier [Axis]: RSC Acquisition, Inc., Financials 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		5.50%	[7],[8],[9]	5.50%	[10],[11],[12]
Investment Coupon Rate		11%	[7],[8],[9]	10.23%	[10],[11],[12]
Principal		$ 6,780	[7],[8]	$ 6,850	[10],[11]
Amortized Cost		6,751	[7],[8]	6,844	[10],[11]
Fair Value		$ 6,780	[7],[8]	$ 6,850	[10],[11]
Fair Value Percentage of Total Portfolio		1.70%	[1],[7],[8]	1.80%	[2],[10],[11]
Investment, Identifier [Axis]: RealPage, Inc., Software/Services
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		6.50%	[7],[9]	6.50%	[10],[12]
Investment Coupon Rate		11.97%	[7],[9]	10.88%	[10],[12]
Principal		$ 5,445	[7]	$ 5,445	[10]
Amortized Cost		5,383	[7]	5,374	[10]
Fair Value		$ 5,431	[7]	$ 5,214	[10]
Fair Value Percentage of Total Portfolio		1.40%	[1],[7]	1.40%	[2],[10]
Investment, Identifier [Axis]: Relativity Oda, LLC, Software/Services
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[10],[11],[12]			7.50%
Investment Coupon Rate	[10],[11],[12]			11.89%
Principal	[10],[11]			$ 2,241
Amortized Cost	[10],[11]			2,202
Fair Value	[10],[11]			$ 2,168
Fair Value Percentage of Total Portfolio	[2],[10],[11]			0.60%
Investment, Identifier [Axis]: Relativity Oda, LLC, Software/Services 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[7],[8],[9]	6.50%
Investment Coupon Rate	[7],[8],[9]	11.96%
Principal	[7],[8]	$ 2,291
Amortized Cost	[7],[8]	2,259
Fair Value	[7],[8]	$ 2,291
Fair Value Percentage of Total Portfolio	[1],[7],[8]	0.60%
Investment, Identifier [Axis]: Relativity Oda, LLC, Software/Services 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[8],[9],[13]	6.50%
Principal	[8],[13]	$ 0
Amortized Cost	[8],[13]	(3)
Fair Value	[8],[13]	$ 0
Fair Value Percentage of Total Portfolio	[1],[8],[13]	0%
Investment, Identifier [Axis]: Roadsafe Holdings, Inc., Industrials 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		5.75%	[7],[8],[9]	5.75%	[10],[11],[12]
Investment Coupon Rate		11.22%	[7],[8],[9]	10.87%	[10],[11],[12]
Principal		$ 3,296	[7],[8]	$ 3,330	[10],[11]
Amortized Cost		3,252	[7],[8]	3,277	[10],[11]
Fair Value		$ 3,296	[7],[8]	$ 3,276	[10],[11]
Fair Value Percentage of Total Portfolio		0.80%	[1],[7],[8]	0.90%	[2],[10],[11]
Investment, Identifier [Axis]: Roadsafe Holdings, Inc., Industrials 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		5.75%	[7],[8],[9]	4.75%	[11],[12]
Investment Coupon Rate		11.14%	[7],[8],[9]	12.25%	[11],[12]
Principal		$ 4,315	[7],[8]	$ 2,921	[11]
Amortized Cost		4,270	[7],[8]	2,921	[11]
Fair Value		$ 4,315	[7],[8]	$ 2,873	[11]
Fair Value Percentage of Total Portfolio		1.10%	[1],[7],[8]	0.80%	[2],[11]
Investment, Identifier [Axis]: SCIH Salt Holdings, Inc., Industrials
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		4%	[7],[9]	4%	[10],[12]
Investment Coupon Rate		9.47%	[7],[9]	8.42%	[10],[12]
Principal		$ 1,086	[7]	$ 1,099	[10]
Amortized Cost		1,081	[7]	1,095	[10]
Fair Value		$ 1,086	[7]	$ 1,066	[10]
Fair Value Percentage of Total Portfolio		0.30%	[1],[7]	0.30%	[2],[10]
Investment, Identifier [Axis]: Safe Fleet Holdings, LLC, Industrials
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		5%	[7],[9]	5%	[10],[11],[12]
Investment Coupon Rate		10.46%	[7],[9]	9.12%	[10],[11],[12]
Principal		$ 5,977	[7]	$ 6,038	[10],[11]
Amortized Cost		5,825	[7]	5,863	[10],[11]
Fair Value		$ 5,999	[7]	$ 5,856	[10],[11]
Fair Value Percentage of Total Portfolio		1.50%	[1],[7]	1.60%	[2],[10],[11]
Investment, Identifier [Axis]: Saturn SHC Buyer Holdings, Inc., Healthcare 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		5.50%	[7],[8],[9]	6%	[10],[11],[12]
Investment Coupon Rate		10.97%	[7],[8],[9]	9.29%	[10],[11],[12]
Principal		$ 7,598	[7],[8]	$ 16,715	[10],[11]
Amortized Cost		7,479	[7],[8]	16,405	[10],[11]
Fair Value		$ 7,598	[7],[8]	$ 16,715	[10],[11]
Fair Value Percentage of Total Portfolio		2%	[1],[7],[8]	4.50%	[2],[10],[11]
Investment, Identifier [Axis]: Saturn SHC Buyer Holdings, Inc., Healthcare 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		5.50%	[7],[8],[9]	6%	[10],[11],[12]
Investment Coupon Rate		10.97%	[7],[8],[9]	10.77%	[10],[11],[12]
Principal		$ 14,742	[7],[8]	$ 14,893	[10],[11]
Amortized Cost		14,517	[7],[8]	14,631	[10],[11]
Fair Value		$ 14,742	[7],[8]	$ 14,893	[10],[11]
Fair Value Percentage of Total Portfolio		3.80%	[1],[7],[8]	4%	[2],[10],[11]
Investment, Identifier [Axis]: Saturn SHC Buyer Holdings, Inc., Healthcare 3
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[8],[9],[13]	6%
Principal	[8],[13]	$ 0
Amortized Cost	[8],[13]	(52)
Fair Value	[8],[13]	$ 0
Fair Value Percentage of Total Portfolio	[1],[8],[13]	0%
Investment, Identifier [Axis]: Sherlock Buyer Corp., Business Services
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[10],[11],[12]			5.75%
Investment Coupon Rate	[10],[11],[12]			10.48%
Principal	[10],[11]			$ 5,001
Amortized Cost	[10],[11]			4,906
Fair Value	[10],[11]			$ 4,914
Fair Value Percentage of Total Portfolio	[2],[10],[11]			1.30%
Investment, Identifier [Axis]: Sherlock Buyer Corp., Business Services 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[7],[8],[9]	5.75%
Investment Coupon Rate	[7],[8],[9]	11.20%
Principal	[7],[8]	$ 4,951
Amortized Cost	[7],[8]	4,869
Fair Value	[7],[8]	$ 4,951
Fair Value Percentage of Total Portfolio	[1],[7],[8]	1.30%
Investment, Identifier [Axis]: Sherlock Buyer Corp., Business Services 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[8],[9],[13]	5.75%
Principal	[8],[13]	$ 0
Amortized Cost	[8],[13]	(10)
Fair Value	[8],[13]	$ 0
Fair Value Percentage of Total Portfolio	[1],[8],[13]	0%
Investment, Identifier [Axis]: Sherlock Buyer Corp., Business Services 3
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[8],[9],[13]	5.75%
Principal	[8],[13]	$ 0
Amortized Cost	[8],[13]	(8)
Fair Value	[8],[13]	$ 0
Fair Value Percentage of Total Portfolio	[1],[8],[13]	0%
Investment, Identifier [Axis]: Simplifi Holdings, Inc., Media/Entertainment
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[10],[11],[12]			5.50%
Investment Coupon Rate	[10],[11],[12]			9.25%
Principal	[10],[11]			$ 15,967
Amortized Cost	[10],[11]			15,694
Fair Value	[10],[11]			$ 15,700
Fair Value Percentage of Total Portfolio	[2],[10],[11]			4.20%
Investment, Identifier [Axis]: Simplifi Holdings, Inc., Media/Entertainment 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[7],[8],[9]	5.50%
Investment Coupon Rate	[7],[8],[9]	10.96%
Principal	[7],[8]	$ 15,805
Amortized Cost	[7],[8]	15,557
Fair Value	[7],[8]	$ 15,568
Fair Value Percentage of Total Portfolio	[1],[7],[8]	4%
Investment, Identifier [Axis]: Simplifi Holdings, Inc., Media/Entertainment 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[8],[9],[13]	5.50%
Investment Coupon Rate	[8],[9],[13]	10.96%
Principal	[8],[13]	$ 322
Amortized Cost	[8],[13]	304
Fair Value	[8],[13]	$ 297
Fair Value Percentage of Total Portfolio	[1],[8],[13]	0.10%
Investment, Identifier [Axis]: SitusAMC Holdings Corp., Financials
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		5.50%	[7],[8],[9]	5.75%	[10],[11],[12]
Investment Coupon Rate		10.95%	[7],[8],[9]	9.42%	[10],[11],[12]
Principal		$ 6,341	[7],[8]	$ 6,771	[10],[11]
Amortized Cost		6,298	[7],[8]	6,714	[10],[11]
Fair Value		$ 6,341	[7],[8]	$ 6,771	[10],[11]
Fair Value Percentage of Total Portfolio		1.60%	[1],[7],[8]	1.80%	[2],[10],[11]
Investment, Identifier [Axis]: Skillsoft Corp., Technology
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		5.25%	[7],[9]	5.25%	[10],[12]
Investment Coupon Rate		10.72%	[7],[9]	9.58%	[10],[12]
Principal		$ 585	[7]	$ 591	[10]
Amortized Cost		578	[7]	583	[10]
Fair Value		$ 546	[7]	$ 490	[10]
Fair Value Percentage of Total Portfolio		0.10%	[1],[7]	0.10%	[2],[10]
Investment, Identifier [Axis]: Striper Buyer, LLC, Paper & Packaging
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		5.50%	[7],[8],[9]	5.50%	[10],[11],[12]
Investment Coupon Rate		10.95%	[7],[8],[9]	9.57%	[10],[11],[12]
Principal		$ 4,860	[7],[8]	$ 4,910	[10],[11]
Amortized Cost		4,818	[7],[8]	4,866	[10],[11]
Fair Value		$ 4,860	[7],[8]	$ 4,910	[10],[11]
Fair Value Percentage of Total Portfolio		1.30%	[1],[7],[8]	1.30%	[2],[10],[11]
Investment, Identifier [Axis]: SunMed Group Holdings, LLC, Healthcare 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		5.50%	[7],[8],[9]	5.75%	[10],[11],[12]
Investment Coupon Rate		10.96%	[7],[8],[9]	10.48%	[10],[11],[12]
Principal		$ 3,825	[7],[8]	$ 3,864	[10],[11]
Amortized Cost		3,778	[7],[8]	3,809	[10],[11]
Fair Value		$ 3,768	[7],[8]	$ 3,806	[10],[11]
Fair Value Percentage of Total Portfolio		1%	[1],[7],[8]	1%	[2],[10],[11]
Investment, Identifier [Axis]: SunMed Group Holdings, LLC, Healthcare 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		5.50%	[8],[9],[13]	5.75%	[11],[12]
Investment Coupon Rate	[11],[12]			10.49%
Principal		$ 0	[8],[13]	$ 124	[11]
Amortized Cost		(3)	[8],[13]	124	[11]
Fair Value		$ (4)	[8],[13]	$ 123	[11]
Fair Value Percentage of Total Portfolio		0%	[1],[8],[13]	0%	[2],[11]
Investment, Identifier [Axis]: TRC Cos, Inc., Industrials
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		6.75%	[7],[8],[9]	6.75%	[10],[11],[12]
Investment Coupon Rate		12.21%	[7],[8],[9]	11.13%	[10],[11],[12]
Principal		$ 7,045	[7],[8]	$ 7,045	[10],[11]
Amortized Cost		6,988	[7],[8]	6,980	[10],[11]
Fair Value		$ 6,742	[7],[8]	$ 6,742	[10],[11]
Fair Value Percentage of Total Portfolio		1.70%	[1],[7],[8]	1.80%	[2],[10],[11]
Investment, Identifier [Axis]: Tecta America Corp., Industrials
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[10],[12]			4.25%
Investment Coupon Rate	[10],[12]			8.69%
Principal	[10]			$ 3,861
Amortized Cost	[10]			3,830
Fair Value	[10]			$ 3,697
Fair Value Percentage of Total Portfolio	[2],[10]			1%
Investment, Identifier [Axis]: Tecta America Corp., Industrials
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[10],[11],[12]			8.50%
Investment Coupon Rate	[10],[11],[12]			12.94%
Principal	[10],[11]			$ 2,155
Amortized Cost	[10],[11]			2,104
Fair Value	[10],[11]			$ 2,110
Fair Value Percentage of Total Portfolio	[2],[10],[11]			0.60%
Investment, Identifier [Axis]: The NPD Group, LP , Business Services 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[7],[8],[9]	6.25%
Investment Coupon Rate	[7],[8],[9]	11.61%
Investment Coupon Rate, PIK	[7],[8],[9]	2.75%
Principal	[7],[8]	$ 17,102
Amortized Cost	[7],[8]	16,825
Fair Value	[7],[8]	$ 16,846
Fair Value Percentage of Total Portfolio	[1],[7],[8]	4.30%
Investment, Identifier [Axis]: The NPD Group, LP, Business Services
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[10],[11],[12]			5.75%
Investment Coupon Rate	[10],[11],[12]			10.07%
Investment Coupon Rate, PIK	[10],[11],[12]			2.75%
Principal	[10],[11]			$ 16,786
Amortized Cost	[10],[11]			16,466
Fair Value	[10],[11]			$ 16,472
Fair Value Percentage of Total Portfolio	[2],[10],[11]			4.40%
Investment, Identifier [Axis]: The NPD Group, LP, Business Services 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		5.75%	[8],[9],[13]	5.75%	[11],[12]
Investment Coupon Rate		11.11%	[8],[9],[13]	10.07%	[11],[12]
Investment Coupon Rate, PIK	[11],[12]			2.75%
Principal		$ 170	[8],[13]	$ 113	[11]
Amortized Cost		155	[8],[13]	113	[11]
Fair Value		$ 156	[8],[13]	$ 111	[11]
Fair Value Percentage of Total Portfolio		0%	[1],[8],[13]	0%	[2],[11]
Investment, Identifier [Axis]: Therapy Brands Holdings, LLC, Healthcare
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		4%	[7],[8],[9]	6.75%	[10],[11],[12]
Investment Coupon Rate		9.47%	[7],[8],[9]	11.10%	[10],[11],[12]
Principal		$ 1,792	[7],[8]	$ 1,947	[10],[11]
Amortized Cost		1,786	[7],[8]	1,935	[10],[11]
Fair Value		$ 1,792	[7],[8]	$ 1,947	[10],[11]
Fair Value Percentage of Total Portfolio		0.50%	[1],[7],[8]	0.50%	[2],[10],[11]
Investment, Identifier [Axis]: Therapy Brands Holdings, LLC, Healthcare 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[10],[11],[12]			4%
Investment Coupon Rate	[10],[11],[12]			8.35%
Principal	[10],[11]			$ 1,811
Amortized Cost	[10],[11]			1,805
Fair Value	[10],[11]			$ 1,811
Fair Value Percentage of Total Portfolio	[2],[10],[11]			0.50%
Investment, Identifier [Axis]: Therapy Brands Holdings, LLC, Healthcare 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[7],[8],[9]	6.75%
Investment Coupon Rate	[7],[8],[9]	12.22%
Principal	[7],[8]	$ 1,947
Amortized Cost	[7],[8]	1,930
Fair Value	[7],[8]	$ 1,947
Fair Value Percentage of Total Portfolio	[1],[7],[8]	0.50%
Investment, Identifier [Axis]: Tivity Health, Inc., Healthcare
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		6%	[7],[8],[9]	6%	[10],[11],[12]
Investment Coupon Rate		11.35%	[7],[8],[9]	10.58%	[10],[11],[12]
Principal		$ 31,780	[7],[8]	$ 32,102	[10],[11]
Amortized Cost		31,107	[7],[8]	31,346	[10],[11]
Fair Value		$ 31,243	[7],[8]	$ 31,357	[10],[11]
Fair Value Percentage of Total Portfolio		8%	[1],[7],[8]	8.40%	[2],[10],[11]
Investment, Identifier [Axis]: Trinity Air Consultants Holdings Corp., Business Services 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		5.75%	[7],[8],[9]	5.25%	[10],[11],[12]
Investment Coupon Rate		11.03%	[7],[8],[9]	10.40%	[10],[11],[12]
Principal		$ 1,768	[7],[8]	$ 1,651	[10],[11]
Amortized Cost		1,737	[7],[8]	1,651	[10],[11]
Fair Value		$ 1,768	[7],[8]	$ 1,626	[10],[11]
Fair Value Percentage of Total Portfolio		0.40%	[1],[7],[8]	0.50%	[2],[10],[11]
Investment, Identifier [Axis]: Trinity Air Consultants Holdings Corp., Business Services 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		5.75%	[7],[8],[9]	5.25%	[10],[11],[12]
Investment Coupon Rate		11.03%	[7],[8],[9]	10.18%	[10],[11],[12]
Principal		$ 8,788	[7],[8]	$ 8,788	[10],[11]
Amortized Cost		8,678	[7],[8]	8,653	[10],[11]
Fair Value		$ 8,788	[7],[8]	$ 8,656	[10],[11]
Fair Value Percentage of Total Portfolio		2.30%	[1],[7],[8]	2.30%	[2],[10],[11]
Investment, Identifier [Axis]: Trinity Air Consultants Holdings Corp., Business Services 3
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[7],[8],[9],[13]	5.75%
Investment Coupon Rate	[7],[8],[9],[13]	11.03%
Principal	[7],[8],[13]	$ 557
Amortized Cost	[7],[8],[13]	553
Fair Value	[7],[8],[13]	$ 557
Fair Value Percentage of Total Portfolio	[1],[7],[8],[13]	0.10%
Investment, Identifier [Axis]: Trinity Air Consultants Holdings Corp., Business Services 4
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[8],[9],[13]	5.25%
Principal	[8],[13]	$ 0
Amortized Cost	[8],[13]	(10)
Fair Value	[8],[13]	$ 0
Fair Value Percentage of Total Portfolio	[1],[8],[13]	0%
Investment, Identifier [Axis]: Triple Lift, Inc., Software/Services 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		5.75%	[7],[8],[9]	5.50%	[10],[11],[12]
Investment Coupon Rate		11.27%	[7],[8],[9]	10.45%	[10],[11],[12]
Principal		$ 11,813	[7],[8]	$ 11,934	[10],[11]
Amortized Cost		11,647	[7],[8]	11,734	[10],[11]
Fair Value		$ 11,341	[7],[8]	$ 11,731	[10],[11]
Fair Value Percentage of Total Portfolio		2.90%	[1],[7],[8]	3.10%	[2],[10],[11]
Investment, Identifier [Axis]: Triple Lift, Inc., Software/Services 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		5.75%	[8],[9],[13]	5.25%	[10],[11],[12]
Investment Coupon Rate		11.31%	[8],[9],[13]	9.58%	[10],[11],[12]
Principal		$ 534	[8],[13]	$ 534	[10],[11]
Amortized Cost		513	[8],[13]	534	[10],[11]
Fair Value		$ 478	[8],[13]	$ 525	[10],[11]
Fair Value Percentage of Total Portfolio		0.10%	[1],[8],[13]	0.10%	[2],[10],[11]
Investment, Identifier [Axis]: US Oral Surgery Management Holdco, LLC, Healthcare 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		6%	[7],[8],[9]	5.50%	[11],[12]
Investment Coupon Rate		11.45%	[7],[8],[9]	10.72%	[11],[12]
Principal		$ 2,176	[7],[8]	$ 1,591	[11]
Amortized Cost		2,147	[7],[8]	1,591	[11]
Fair Value		$ 2,154	[7],[8]	$ 1,575	[11]
Fair Value Percentage of Total Portfolio		0.50%	[1],[7],[8]	0.40%	[2],[11]
Investment, Identifier [Axis]: US Oral Surgery Management Holdco, LLC, Healthcare 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		6.50%	[7],[8],[9]	6%	[10],[11],[12]
Investment Coupon Rate		11.95%	[7],[8],[9]	10.68%	[10],[11],[12]
Principal		$ 1,896	[7],[8]	$ 5,495	[10],[11]
Amortized Cost		1,896	[7],[8]	5,385	[10],[11]
Fair Value		$ 1,877	[7],[8]	$ 5,440	[10],[11]
Fair Value Percentage of Total Portfolio		0.50%	[1],[7],[8]	1.50%	[2],[10],[11]
Investment, Identifier [Axis]: US Oral Surgery Management Holdco, LLC, Healthcare 3
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[7],[8],[9]	6%
Investment Coupon Rate	[7],[8],[9]	11.47%
Principal	[7],[8]	$ 5,495
Amortized Cost	[7],[8]	5,385
Fair Value	[7],[8]	$ 5,440
Fair Value Percentage of Total Portfolio	[1],[7],[8]	1.40%
Investment, Identifier [Axis]: US Oral Surgery Management Holdco, LLC, Healthcare 4
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[8],[9],[13]	6%
Principal	[8],[13]	$ 0
Amortized Cost	[8],[13]	(7)
Fair Value	[8],[13]	$ (5)
Fair Value Percentage of Total Portfolio	[1],[8],[13]	0%
Investment, Identifier [Axis]: US Salt Investors, LLC, Chemicals
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[10],[11],[12]			5.50%
Investment Coupon Rate	[10],[11],[12]			9.17%
Principal	[10],[11]			$ 8,575
Amortized Cost	[10],[11]			8,429
Fair Value	[10],[11]			$ 8,415
Fair Value Percentage of Total Portfolio	[2],[10],[11]			2.30%
Investment, Identifier [Axis]: US Salt Investors, LLC, Chemicals 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[7],[8],[9]	5.50%
Investment Coupon Rate	[7],[8],[9]	11%
Principal	[7],[8]	$ 8,489
Amortized Cost	[7],[8]	8,362
Fair Value	[7],[8]	$ 8,330
Fair Value Percentage of Total Portfolio	[1],[7],[8]	2.10%
Investment, Identifier [Axis]: US Salt Investors, LLC, Chemicals 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[8],[9],[13]	5.50%
Principal	[8],[13]	$ 0
Amortized Cost	[8],[13]	(11)
Fair Value	[8],[13]	$ (17)
Fair Value Percentage of Total Portfolio	[1],[8],[13]	0%
Investment, Identifier [Axis]: USIC Holdings, Inc., Business Services
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		6.50%	[7],[8],[9]	6.50%	[10],[11],[12]
Investment Coupon Rate		12.11%	[7],[8],[9]	10.57%	[10],[11],[12]
Principal		$ 2,449	[7],[8]	$ 2,449	[10],[11]
Amortized Cost		2,426	[7],[8]	2,426	[10],[11]
Fair Value		$ 2,361	[7],[8]	$ 2,361	[10],[11]
Fair Value Percentage of Total Portfolio		0.60%	[1],[7],[8]	0.60%	[2],[10],[11]
Investment, Identifier [Axis]: Vensure Employer Services, Inc., Business Services
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[10],[11],[12]			4.75%
Investment Coupon Rate	[10],[11],[12]			8.71%
Principal	[10],[11]			$ 4,784
Amortized Cost	[10],[11]			4,757
Fair Value	[10],[11]			$ 4,784
Fair Value Percentage of Total Portfolio	[2],[10],[11]			1.30%
Investment, Identifier [Axis]: Vensure Employer Services, Inc., Business Services 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[7],[8],[9]	4.75%
Investment Coupon Rate	[7],[8],[9]	10.12%
Principal	[7],[8]	$ 4,736
Amortized Cost	[7],[8]	4,715
Fair Value	[7],[8]	$ 4,736
Fair Value Percentage of Total Portfolio	[1],[7],[8]	1.20%
Investment, Identifier [Axis]: Vensure Employer Services, Inc., Business Services 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[8],[9],[13]	5.25%
Investment Coupon Rate	[8],[9],[13]	10.64%
Principal	[8],[13]	$ 460
Amortized Cost	[8],[13]	451
Fair Value	[8],[13]	$ 460
Fair Value Percentage of Total Portfolio	[1],[8],[13]	0.10%
Investment, Identifier [Axis]: Victors CCC Buyer, LLC, Business Services
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[10],[11],[12]			5.75%
Investment Coupon Rate	[10],[11],[12]			10.69%
Principal	[10],[11]			$ 7,238
Amortized Cost	[10],[11]			7,101
Fair Value	[10],[11]			$ 7,105
Fair Value Percentage of Total Portfolio	[2],[10],[11]			1.90%
Investment, Identifier [Axis]: Victors CCC Buyer, LLC, Business Services 3
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[8],[9],[13]	5.75%
Principal	[8],[13]	$ 0
Amortized Cost	[8],[13]	(21)
Fair Value	[8],[13]	$ (23)
Fair Value Percentage of Total Portfolio	[1],[8],[13]	0%
Investment, Identifier [Axis]: Victors CCC Buyer, LLC, Business Services 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[7],[8],[9]	5.75%
Investment Coupon Rate	[7],[8],[9]	11.21%
Principal	[7],[8]	$ 7,165
Amortized Cost	[7],[8]	7,040
Fair Value	[7],[8]	$ 7,044
Fair Value Percentage of Total Portfolio	[1],[7],[8]	1.80%
Investment, Identifier [Axis]: Victors CCC Buyer, LLC, Business Services 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[8],[9],[13]	5.75%
Principal	[8],[13]	$ 0
Amortized Cost	[8],[13]	(15)
Fair Value	[8],[13]	$ (32)
Fair Value Percentage of Total Portfolio	[1],[8],[13]	0%
Investment, Identifier [Axis]: Victory Buyer, LLC, Industrials
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		7%	[7],[8],[9]	7%	[10],[11],[12]
Investment Coupon Rate		12.64%	[7],[8],[9]	11.35%	[10],[11],[12]
Principal		$ 14,304	[7],[8]	$ 14,304	[10],[11]
Amortized Cost		14,188	[7],[8]	14,174	[10],[11]
Fair Value		$ 13,274	[7],[8]	$ 13,274	[10],[11]
Fair Value Percentage of Total Portfolio		3.40%	[1],[7],[8]	3.60%	[2],[10],[11]
Investment, Identifier [Axis]: WHCG Purchaser III, Inc., Healthcare 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		5.75%	[7],[8],[9]	5.75%	[10],[11],[12]
Investment Coupon Rate		11.36%	[7],[8],[9]	9.42%	[10],[11],[12]
Principal		$ 12,426	[7],[8]	$ 12,554	[10],[11]
Amortized Cost		12,248	[7],[8]	12,340	[10],[11]
Fair Value		$ 8,160	[7],[8]	$ 11,181	[10],[11]
Fair Value Percentage of Total Portfolio		2.10%	[1],[7],[8]	3%	[2],[10],[11]
Investment, Identifier [Axis]: WHCG Purchaser III, Inc., Healthcare 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		5.75%	[7],[8],[9]	5.75%	[11],[12]
Investment Coupon Rate		11.36%	[7],[8],[9]	9.42%	[11],[12]
Principal		$ 3,020	[7],[8]	$ 3,051	[11]
Amortized Cost		3,020	[7],[8]	3,051	[11]
Fair Value		$ 1,982	[7],[8]	$ 2,717	[11]
Fair Value Percentage of Total Portfolio		0.50%	[1],[7],[8]	0.70%	[2],[11]
Investment, Identifier [Axis]: WHCG Purchaser III, Inc., Healthcare 3
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		5.75%	[8],[9],[13]	5.75%	[11],[12]
Investment Coupon Rate		11.36%	[8],[9],[13]	10.48%	[11],[12]
Principal		$ 1,816	[8],[13]	$ 715	[11]
Amortized Cost		1,796	[8],[13]	715	[11]
Fair Value		$ 1,385	[8],[13]	$ 654	[11]
Fair Value Percentage of Total Portfolio		0.40%	[1],[8],[13]	0.20%	[2],[11]
Investment, Identifier [Axis]: WIN Holdings III Corp., Consumer
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[10],[11],[12]			5.25%
Investment Coupon Rate	[10],[11],[12]			10.40%
Principal	[10],[11]			$ 13,430
Amortized Cost	[10],[11]			13,204
Fair Value	[10],[11]			$ 13,218
Fair Value Percentage of Total Portfolio	[2],[10],[11]			3.60%
Investment, Identifier [Axis]: WIN Holdings III Corp., Consumer 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[7],[8],[9]	5.25%
Investment Coupon Rate	[7],[8],[9]	10.71%
Principal	[7],[8]	$ 12,513
Amortized Cost	[7],[8]	12,335
Fair Value	[7],[8]	$ 12,513
Fair Value Percentage of Total Portfolio	[1],[7],[8]	3.20%
Investment, Identifier [Axis]: WIN Holdings III Corp., Consumer 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[8],[9],[13]	5.25%
Principal	[8],[13]	$ 0
Amortized Cost	[8],[13]	(25)
Fair Value	[8],[13]	$ 0
Fair Value Percentage of Total Portfolio	[1],[8],[13]	0%
Investment, Identifier [Axis]: West Coast Dental Services, Inc., Healthcare 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		5.75%	[7],[8],[9]	5.75%	[11],[12]
Investment Coupon Rate		11.18%	[7],[8],[9]	9.99%	[11],[12]
Principal		$ 498	[7],[8]	$ 109	[11]
Amortized Cost		485	[7],[8]	109	[11]
Fair Value		$ 487	[7],[8]	$ 107	[11]
Fair Value Percentage of Total Portfolio		0.10%	[1],[7],[8]	0%	[2],[11]
Investment, Identifier [Axis]: West Coast Dental Services, Inc., Healthcare 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		5.75%	[7],[8],[9]	5.75%	[10],[11],[12]
Investment Coupon Rate		11.28%	[7],[8],[9]	9.99%	[10],[11],[12]
Principal		$ 8,355	[7],[8]	$ 8,440	[10],[11]
Amortized Cost		8,235	[7],[8]	8,300	[10],[11]
Fair Value		$ 8,175	[7],[8]	$ 8,305	[10],[11]
Fair Value Percentage of Total Portfolio		2.10%	[1],[7],[8]	2.20%	[2],[10],[11]
Investment, Identifier [Axis]: West Coast Dental Services, Inc., Healthcare 3
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[8],[9],[13]	5.75%
Investment Coupon Rate	[8],[9],[13]	11.27%
Principal	[8],[13]	$ 941
Amortized Cost	[8],[13]	926
Fair Value	[8],[13]	$ 917
Fair Value Percentage of Total Portfolio	[1],[8],[13]	0.20%
Investment, Identifier [Axis]: Westwood Professional Services, Inc., Business Services 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		6%	[7],[8],[9]	6%	[11],[12]
Investment Coupon Rate		11.46%	[7],[8],[9]	9.75%	[11],[12]
Principal		$ 1,159	[7],[8]	$ 433	[11]
Amortized Cost		1,147	[7],[8]	433	[11]
Fair Value		$ 1,159	[7],[8]	$ 433	[11]
Fair Value Percentage of Total Portfolio		0.30%	[1],[7],[8]	0.10%	[2],[11]
Investment, Identifier [Axis]: Westwood Professional Services, Inc., Business Services 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable		6%	[7],[8],[9]	6%	[10],[11],[12]
Investment Coupon Rate		11.46%	[7],[8],[9]	9.75%	[10],[11],[12]
Principal		$ 3,642	[7],[8]	$ 3,679	[10],[11]
Amortized Cost		3,601	[7],[8]	3,624	[10],[11]
Fair Value		$ 3,642	[7],[8]	$ 3,679	[10],[11]
Fair Value Percentage of Total Portfolio		0.90%	[1],[7],[8]	1%	[2],[10],[11]
Investment, Identifier [Axis]: Westwood Professional Services, Inc., Business Services 3
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[8],[9],[13]	6%
Principal	[8],[13]	$ 0
Amortized Cost	[8],[13]	(2)
Fair Value	[8],[13]	$ 0
Fair Value Percentage of Total Portfolio	[1],[8],[13]	0%
Investment, Identifier [Axis]: Zendesk, Inc., Software/Services
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[11],[12],[25]			6.50%
Investment Coupon Rate	[11],[12],[25]			11.04%
Investment Coupon Rate, PIK	[11],[12],[25]			3.50%
Principal	[11],[25]			$ 21,216
Amortized Cost	[11],[25]			20,792
Fair Value	[11],[25]			$ 20,800
Fair Value Percentage of Total Portfolio	[2],[11],[25]			5.60%
Investment, Identifier [Axis]: Zendesk, Inc., Software/Services 1
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[8],[9],[23],[24]	6.25%
Investment Coupon Rate	[8],[9],[23],[24]	11.61%
Investment Coupon Rate, PIK		325%
Principal	[8],[23],[24]	$ 21,769
Amortized Cost	[8],[23],[24]	21,572
Fair Value	[8],[23],[24]	$ 21,394
Fair Value Percentage of Total Portfolio	[1],[8],[23],[24]	5.50%
Investment, Identifier [Axis]: Zendesk, Inc., Software/Services 3
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[8],[9],[13]	6.75%
Principal	[8],[13]	$ 0
Amortized Cost	[8],[13]	(36)
Fair Value	[8],[13]	$ (38)
Fair Value Percentage of Total Portfolio	[1],[8],[13]	0%
Investment, Identifier [Axis]: Zendesk, Inc.,, Software/Services 2
Schedule of Investments [Line Items]
Investment Coupon Rate, Variable	[8],[9],[13]	6.75%
Principal	[8],[13]	$ 0
Amortized Cost	[8],[13]	(43)
Fair Value	[8],[13]	$ (91)
Fair Value Percentage of Total Portfolio	[1],[8],[13]	0%
Senior Secured First Lien Debt
Schedule of Investments [Line Items]
Amortized Cost		$ 642,976		$ 666,045
Fair Value		$ 632,343		$ 662,975
Fair Value Percentage of Total Portfolio		162.90%	[1],[3]	178%	[2],[4],[5],[6]
Senior Secured Second Lien Debt
Schedule of Investments [Line Items]
Amortized Cost		$ 55,145		$ 57,213
Fair Value		$ 52,126		$ 54,022
Fair Value Percentage of Total Portfolio		13.40%	[1],[3]	14.50%	[2],[4],[5],[6]
Subordinated Debt
Schedule of Investments [Line Items]
Amortized Cost		$ 35,389		$ 31,336
Fair Value		$ 35,500		$ 31,414
Fair Value Percentage of Total Portfolio		9.20%	[1],[3]	8.50%	[2],[4],[5],[6]
Equity/Other
Schedule of Investments [Line Items]
Amortized Cost		$ 35,525		$ 33,635
Fair Value		$ 36,176		$ 33,969
Fair Value Percentage of Total Portfolio		9.30%	[1],[3],[26]	9.10%	[2],[4],[5],[6],[27]
[1]Percentages are based on net assets attributable to common stock as of December 31, 2023.[2]Percentages are based on net assets attributable to common stock as of December 31, 2022.[3]Unless otherwise indicated, all investments in the consolidated schedules of investments are non-affiliated, non-controlled investments.[4]The Company has various unfunded commitments to portfolio companies. Please refer to Note 6 - Commitments and Contingencies for details of these unfunded commitments. Note 5 ). Note 3 to the consolidated financial statements). Note 5 Note 3 to the consolidated financial statements). Note 6 - Commitments and Contingencies for additional details.

CONSOLIDATED SCHEDULE OF INVE_2

CONSOLIDATED SCHEDULE OF INVESTMENTS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2023		Dec. 31, 2022		Dec. 05, 2022
Schedule of Investments [Line Items]
Percent of total assets, qualifying	100%	[1]	97.60%
Investments, at fair value	$ 756,145	[2]	$ 782,380	[3]
Fair Value Percentage of Total Portfolio	194.80%	[2],[4]	210.10%	[3],[5],[6],[7]
Percent of investment pledged as collateral	40%
Restricted Securities
Schedule of Investments [Line Items]
Investments, at fair value	$ 38,300
Fair Value Percentage of Total Portfolio	9.90%
Macquarie US Trading LLC
Schedule of Investments [Line Items]
Rate per day					22%
[1]All of the Company's investments, except the investments noted by this footnote, are qualifying assets under Section 55(a) of the Investment Company Act of 1940, as amended (the "1940 Act"). Under the 1940 Act, the Company may not acquire any non-qualifying asset unless, at the time the acquisition is made, qualifying assets represent at least 70% of the Company's total assets. At December 31, 2023, qualifying assets represent 100.0% of the Company's total assets. The significant majority of all investments held are deemed to be illiquid.[2]Percentages are based on net assets attributable to common stock as of December 31, 2023.[3]Percentages are based on net assets attributable to common stock as of December 31, 2022.[4]Unless otherwise indicated, all investments in the consolidated schedules of investments are non-affiliated, non-controlled investments.[5]The Company has various unfunded commitments to portfolio companies. Please refer to Note 6 - Commitments and Contingencies for details of these unfunded commitments.

Organization

Organization	12 Months Ended
	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Organization Franklin BSP Capital Corporation (the “Company”) is an externally managed, non-diversified, closed-end management investment company that has elected to be regulated as a business development company (a “BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”) and has elected to be treated for U.S. federal income tax purposes, and to qualify annually, as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). The Company was formed as a Delaware limited liability company on January 29, 2020 and converted to a Delaware corporation on September 23, 2020 pursuant to which Franklin BSP Capital Corporation succeeded to the business of Franklin BSP Capital L.L.C. The Company commenced investment operations on January 7, 2021. The Company is managed by Franklin BSP Capital Adviser L.L.C. (the “Adviser”), a Delaware limited liability company and an affiliate of Benefit Street Partners L.L.C. (“Benefit Street Partners” or “BSP”) pursuant to an investment advisory agreement (the “Investment Advisory Agreement”). The Adviser is registered as an investment adviser under the Investment Advisers Act of 1940, as amended. The Adviser oversees the management of the Company’s activities and is responsible for making investment decisions with respect to the Company’s portfolio. The Company’s investment objective is to generate both current income capital and capital appreciation through debt and equity investments. The Company invests primarily in first and second lien senior secured loans, and to a lesser extent, mezzanine loans, unsecured loans and equity of predominantly private U.S. middle market companies. The Company defines middle market companies as those with EBITDA of between $25 million and $100 million annually, although the Company may invest in larger or smaller companies. The Company also may purchase interests in loans or corporate bonds through secondary market transactions. The Company is conducting a private placement of shares of its common stock, par value $0.001 per share (the “Common Stock”), to investors in reliance on exemptions from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). Each investor in the private placement will make a capital commitment (the “Capital Commitments”) to purchase shares of Common Stock pursuant to a subscription agreement (a “Subscription Agreement”). Investors will be required to make capital contributions to purchase shares of Common Stock (the “Drawdown Purchase Price”) each time the Company delivers a drawdown notice (the “Drawdown Notice”), which will be delivered at least ten business days prior to the required funding date, in an aggregate amount not to exceed their respective Capital Commitments. The Company is also conducting a private placement of shares of its preferred stock designated as series A convertible preferred stock (the “Series A Preferred Stock”) in reliance on exemption from the registration requirements of the Securities Act. See Note 10 - Preferred Stock for the terms of such preferred stock, including liquidation preference, distributions, and rights regarding conversion to shares of Common Stock. On October 2, 2023, the Company entered into an Agreement and Plan of Merger (the "Merger Agreement") with Franklin BSP Lending Corporation, a Maryland corporation ("FBLC"), Franklin BSP Merger Sub, Inc., a Maryland corporation and a direct wholly-owned subsidiary of the Company ("Merger Sub"), and, solely for the limited purposes set forth therein, the Adviser. The Merger Agreement provides that, subject to the conditions set forth in the Merger Agreement, at the effective time of the Merger (the "Effective Time"), Merger Sub will be merged with and into FBLC (the "Merger"), with FBLC continuing as the surviving company and as a wholly-owned subsidiary of the Company. Immediately after the Effective Time, FBLC will merge with and into the Company (together with the Merger, the "Mergers"), with the Company continuing as the surviving company. See Note 16 - Subsequent Events

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The following is a summary of significant accounting policies followed by the Company in the preparation of its consolidated financial statements. The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The consolidated financial statements reflect all adjustments, both normal and recurring which, in the opinion of management, are necessary for the fair presentation of the Company’s results of operations and financial condition for the periods presented. The Company is an investment company and accordingly applies specific accounting and financial reporting requirements under Financial Accounting Standards Codification (“ASC”) Topic 946, Financial Services-Investment Companies . We have also formed and expect to continue to form consolidated subsidiaries (the "Consolidated Holding Companies"). The Company consolidates the following subsidiaries for accounting purposes: FBCC Lending I, LLC, FBCC EEF Holdings LLC and FBCC Jupiter Funding, LLC. All intercompany balances and transactions have been eliminated in consolidation. Certain prior period information has been reclassified to conform to the current period presentation. The reclassification has no effect on the Company’s financial position or result of operations as previously reported. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts and disclosures in these consolidated financial statements. Actual results could differ from those estimates. Consolidation As provided under ASC 946, the Company will generally not consolidate its investment in a company other than a substantially or wholly-owned investment company or controlled operating company whose business consists of providing services to the Company. Accordingly, the Company consolidated the accounts of the Company's substantially wholly-owned subsidiaries in its consolidated financial statements. Valuation of Portfolio Investments Portfolio investments are reported on the consolidated statements of assets and liabilities at fair value. The board of directors (the “Board of Directors”) has delegated to the Adviser as valuation designee (the “Valuation Designee”) the responsibility of determining the fair value of the Company’s investment portfolio, subject to oversight of the Board of Directors, pursuant to Rule 2a-5 under the 1940 Act. As such, the Valuation Designee is charged with determining the fair value of the Company’s investment portfolio, subject to oversight of the Board of Directors. On a quarterly basis, the Valuation Designee performs an analysis of each investment to determine fair value as follows: Securities for which market quotations are readily available on an exchange are valued at the reported closing price on the valuation date. The Valuation Designee may also obtain quotes with respect to certain of the Company's investments from pricing services or brokers or dealers in order to value assets. When doing so, the Valuation Designee determines whether the quote obtained is readily available according to U.S. GAAP to determine the fair value of the security. If determined to be readily available, the Valuation Designee uses the quote obtained. Investments without a readily determined market value are primarily valued using a market approach, an income approach, or both approaches, as appropriate. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities (including a business). The income approach uses valuation techniques to convert future amounts (for example, cash flows or earnings) to a single present amount (discounted). The measurement is based on the value indicated by current market expectations about those future amounts. In following these approaches, the types of factors that the Valuation Designee may take into account in fair value pricing the Company's investments include, as relevant: available current market data, including relevant and applicable market trading and transaction comparables, applicable market yields and multiples, security covenants, call protection provisions, information rights, the nature and realizable value of any collateral, the portfolio company's ability to make payments, its earnings and discounted cash flows, the markets in which the portfolio company does business, comparisons of financial ratios of peer companies that are public, M&A comparables, and enterprise values, among other factors. When available, broker quotations and/or quotations provided by pricing services are considered as an input in the valuation process. With respect to investments for which market quotations are not readily available, the Valuation Designee undertakes a multi-step valuation process each quarter, as described below: • Each portfolio company or investment will be valued by the Valuation Designee, with assistance from one or more independent valuation firms engaged by the Company's Board of Directors; and • The independent valuation firm(s) conduct independent appraisals and make an independent assessment of the value of each investment; and • The Valuation Designee, under the supervision of the Board of Directors, determines the fair value of each investment, in good faith, based on the input of independent valuation firms (to the extent applicable) and the Valuation Designee’s own analysis. The Valuation Designee also has established a valuation committee to assist the Valuation Designee in carrying out its designated responsibilities, subject to oversight of the Board of Directors. Because there is not a readily available market value for most of the investments in its portfolio, the Valuation Designee values substantially all of its portfolio investments at fair value as determined in good faith by its Board of Directors, as described herein. Due to the inherent uncertainty of determining the fair value of investments that do not have a readily available market value, the fair value of the Company's investments may fluctuate from period to period. Additionally, the fair value of the Company's investments may differ significantly from the values that would have been used had a ready market existed for such investments and may differ materially from the values that the Company may ultimately realize. Further, such investments are generally subject to legal and other restrictions on resale or otherwise are less liquid than publicly traded securities. If the Company was required to liquidate a portfolio investment in a forced or liquidation sale, the Company could realize significantly less than the value at which the Company has recorded it. Investment Classification The Company classifies its investments in accordance with the requirements of the 1940 Act. Under the 1940 Act, “Control” is defined as the power to exercise a controlling influence over the management or policies of a company, unless such power is solely the result of an official position with such company. In addition, in accordance with Section 2(a)(9) of the 1940 Act, any person who owns beneficially, either directly or through one or more controlled companies, more than 25% of the outstanding voting securities of a company shall be presumed to control such company. Any person who does not so own more than 25% of the outstanding voting securities of any company shall be presumed not to control such company. Any person who does not so own more than 25% of the outstanding voting securities of any company and/or does not have the power to exercise control over the management or policies of such portfolio company shall be presumed not to control such company. Consistent with the 1940 Act, “Affiliated Investments” are defined as those investments in companies in which the Company owns 5% or more of the outstanding voting securities. Consistent with the 1940 Act, “Non-affiliated Investments” are defined as investments that are neither Control Investments nor Affiliated Investments. Cash, Cash Equivalents and Restricted Cash Cash and cash equivalents include cash held in banks and short-term, liquid investments in a money market deposit account. Restricted cash is collected and held by the trustee who has been appointed as custodian of the assets securing certain of the Company's financing transactions. Restricted cash is held by the trustees for payment of interest expense and principal on the outstanding borrowings or reinvestment into new assets. Cash, cash equivalents and restricted cash are carried at cost which approximates fair value. Organization and Offering Costs Organization costs consist of costs incurred to establish the Company and enable it legally to do business. Organization costs are expensed as incurred. Offering costs consist of costs incurred in connection with the offering of common shares of the Company. Offering costs are capitalized as a deferred charge and amortized to expense on a straight-line basis over 12 months from the commencement of operations. The Company will bear the organization and offering expenses incurred in connection with the formation of the Company and the offering of shares of its Common Stock, including the out-of-pocket expenses of the Adviser and its agents and affiliates. In addition, the Company will reimburse the Adviser for the organization and offering costs it incurs on the Company’s behalf. If actual organization and offering costs incurred exceed the greater of $1 million or 0.10% of the Company’s total capital commitments, the Adviser or its affiliate will bear the excess costs. To the extent the Company’s capital commitments later increase, the Adviser or its affiliates may be reimbursed for past payments of excess organization and offering costs made on the Company’s behalf provided that the total organization and offering costs borne by the Company do not exceed 0.10% of total capital commitments and provided further that the Adviser or its affiliates may not be reimbursed for payment of excess organization and offering expenses that were incurred more than three years prior to the proposed reimbursement. For the years ended December 31, 2023, 2022, and 2021, there were no reimbursements from the Adviser. In connection with the Company’s private placement of shares of its Series A Preferred Stock, the Company incurred various offering costs. These costs are capitalized as a deferred cost and included within redeemable convertible preferred stock Series A on the consolidated statement of assets and liabilities as the preferred shares are issued. The costs are not subject to reimbursement from the Adviser. Deferred Financing Costs Financing costs incurred in connection with the Company’s revolving credit facilities are capitalized and amortized into expense using the straight-line method, which approximates the effective yield method over the life of the respective facility. See Note 5 - Borrowings . Convertible Preferred Stock We record shares of convertible preferred stock based on proceeds received net of offering costs on the date of issuance. Redeemable preferred stock (including preferred stock that features redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within our control) is classified as temporary equity and is reported separately from liabilities and net assets attributable to common stock within the consolidated statements of assets and liabilities. Distributions The Company’s Board of Directors authorizes and declares cash distributions payable on a quarterly basis to stockholders of record on each record date. The amount of each such distribution is subject to the discretion of the Board of Directors and applicable legal restrictions related to the payment of distributions. The Company calculates each stockholder’s specific distribution amount for the quarter using record and declaration dates. From time to time, the Company may also pay interim distributions, including capital gains distributions, at the discretion of the Company’s Board of Directors. The Company’s distributions may exceed earnings, especially during the period before it has substantially invested the proceeds from the offering. As a result, a portion of the distributions made by the Company may represent a return of capital for U.S. federal income tax purposes. A return of capital is a return of each stockholder’s investment rather than earnings or gains derived from the Company’s investment activities. The Company may fund cash distributions to stockholders from any sources of funds available to the Company, including advances from the Adviser that are subject to reimbursement, as well as offering proceeds, borrowings, net investment income from operations, capital gain proceeds from the sale of assets, and non-capital gain proceeds from the sale of assets. The Company has not established limits on the amount of funds it may use from available sources to make distributions. See Note 13 - Income Tax Information and Distributions to Stockholders for additional information. Revenue Recognition Interest Income Investment transactions are accounted for on the trade date. Interest income, adjusted for amortization of premium and accretion of discount, is recorded on an accrual basis. Discount and premium on investments purchased are accreted/amortized over the expected life of the respective investment using the effective yield method. The amortized cost of investments represents the original cost adjusted for the accretion of discount and amortization of premium on investments. Dividend Income Dividend income on preferred equity investments 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 investments is recorded on the record date for private portfolio companies and on the ex-dividend date for publicly traded portfolio companies. Fee Income Fee income, such as structuring fees, origination, closing, amendment fees, commitment, termination, and other upfront fees are generally non-recurring and are recognized as income when earned, either upon receipt or amortized into income. Upon the re-payment of a loan or debt security, any prepayment penalties and unamortized loan origination, structuring, closing, commitment, and other upfront fees are recorded as income. Payment-in-Kind Interest The Company may hold debt investments in its portfolio that contain payment-in-kind (“PIK”) interest and dividend provisions. PIK interest, which represents contractually deferred interest that add to the investment balance that is generally due at maturity, is recorded on the accrual basis to the extent such amounts are expected to be collected. Non-accrual Income Investments may be placed on non-accrual status when principal or interest payments are past due and/or when there is reasonable doubt that principal or interest will be collected. Accrued interest, which may include un-capitalized PIK interest is generally reversed when an investment is placed on non-accrual status. Previously capitalized PIK interest is not reversed when an investment is placed on non-accrual status. Interest payments received on non-accrual investments may be recognized as income or applied to principal depending upon management's judgment of the ultimate outcome. Non-accrual investments are restored to accrual status when past due principal and interest is paid and, in management's judgment, are likely to remain current. Net Realized Gain or Loss and Net Change in Unrealized Appreciation or Depreciation Gain or loss on the sale of investments is calculated using the specific identification method. The Company measures realized gain or loss by the difference between the net proceeds from the repayment or sale and the amortized cost basis of the investment, without regard to unrealized appreciation or depreciation previously recognized. Net change in unrealized appreciation or depreciation will reflect the change in portfolio investment values during the reporting period, including any reversal of previously recorded unrealized appreciation or depreciation, when a gain or loss is realized. Income Taxes The Company has elected to be treated for federal income tax purposes as a RIC under Subchapter M of the Code. Generally, a RIC is not subject to federal income taxes in respect of each taxable year if it distributes dividends for federal income tax purposes to stockholders of an amount generally equal to its “investment company taxable income”, as defined in the Code, and determined without regard to any deduction for dividends paid. Distributions declared prior to the filing of the previous year's tax return and paid up to twelve months after the previous tax year can be carried back to the prior tax year in determining the distributions paid in such tax year. The Company intends to make sufficient distributions to maintain its ability to be subject to be taxed as a RIC each year. The Company may be subject to federal excise tax imposed at a rate of 4% on certain undistributed amounts. The Company evaluates tax positions taken or expected to be taken in the course of preparing the Company’s tax returns to determine whether it is “more-likely-than-not” (i.e., greater than 50-percent) that each tax position will be sustained upon examination by a taxing authority based on the technical merits of the position. Tax positions not deemed to meet the more-likely-than-not threshold are recorded as a tax benefit or expense in the current year. The Company did not record any tax provision in the current period. However, management’s conclusions regarding tax positions taken may be subject to review and adjustment at a later date based on factors including, but not limited to, examination by tax authorities on-going analysis of and changes to tax laws, regulations and interpretations thereof. See Note 13 - Income Tax Information and Distributions to Stockholders for additional information.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company’s fair value measurements are classified into a fair value hierarchy in accordance with ASC Topic 820, Fair Value Measurement , based on the markets in which the assets and liabilities are traded, and the reliability of the assumptions used to determine fair value. 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. The Company determines fair value based on quoted prices when available or through the use of alternative approaches, such as discounting the expected cash flows using market interest rates commensurate with the credit quality and duration of the investment. This alternative approach also reflects the contractual terms of the derivatives, if any, including the period to maturity, and uses observable market-based inputs, including interest rate curves and implied volatilities. The guidance defines three levels of inputs that may be used to measure fair value: • Level 1—Quoted prices in active markets for identical assets and liabilities that the reporting entity has the ability to access at the measurement date. • Level 2—Inputs other than quoted prices included within Level 1 that are observable for the asset and liability or can be corroborated with observable market data for substantially the entire contractual term of the asset or liability. • Level 3—Unobservable inputs that reflect the entity’s own assumptions about the assumptions that market participants would use in the pricing of the asset or liability and are consequently not based on market activity, but rather through particular valuation techniques. The determination of where an asset or liability falls in the above hierarchy requires significant judgment and factors specific to the asset or liability. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company evaluates its hierarchy disclosures each quarter and depending on various factors, it is possible that an asset or liability may be classified differently from quarter to quarter. For investments for which Level 1 inputs, such as quoted prices, were not available at December 31, 2023 and 2022, the investments were valued at fair value as determined in good faith using the valuation policy approved by the Board of Directors using Level 2 and Level 3 inputs. The Company evaluates the source of inputs, including any markets in which the Company's investments are trading, in determining fair value. Due to the inherent uncertainty in the valuation process, the estimate of fair value of the Company’s investment portfolio at December 31, 2023 and 2022 may differ materially from values that would have been used had a ready market for the securities existed. In addition to using the above inputs in investment valuations, the Company continues to employ the valuation policy approved by the Board of Directors. Portfolio investments are reported on the consolidated statements of assets and liabilities at fair value. On a quarterly basis the Company performs an analysis of each investment to determine fair value as described below. Securities for which market quotations are readily available on an exchange are valued at the reported closing price on the valuation date. The Company may also obtain quotes with respect to certain of the Company's investments from pricing services or brokers or dealers in order to value assets. When doing so, the Company determines whether the quote obtained is readily available according to U.S. GAAP to determine the fair value of the security. If determined readily available, the Company uses the quote obtained. Investments without a readily determined market value are primarily valued using a market approach, an income approach, or both approaches, as appropriate. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities (including a business). The income approach uses valuation techniques to convert future amounts (for example, cash flows or earnings) to a single present amount (discounted). The measurement is based on the value indicated by current market expectations about those future amounts. In following these approaches, the types of factors that the Valuation Designee may take into account in fair value pricing the Company's investments include, as relevant: available current market data, including relevant and applicable market trading and transaction comparables, applicable market yields and multiples, security covenants, call protection provisions, information rights, the nature and realizable value of any collateral, the portfolio company's ability to make payments, its earnings and discounted cash flows, the markets in which the portfolio company does business, comparisons of financial ratios of peer companies that are public, M&A comparables, and enterprise values, among other factors. When available, broker quotations and/or quotations provided by pricing services are considered as an input in the valuation process. As part of the Company's quarterly valuation process, the Valuation Designee may be assisted by one or more independent valuation firms. The Valuation Designee under the supervision of the Board of Directors determines the fair value of each investment, in good faith, based on the input of the independent valuation firm(s) (to the extent applicable) and the Valuation Designee’s own analysis. Determination of fair values involves subjective judgments and estimates. Accordingly, the notes to the consolidated financial statements refer to the uncertainty with respect to the possible effect of such valuations, and any change in such valuations on the consolidated financial statements. For discussion of the fair value measurement of the Company's borrowings, refer to Note 5 - Borrowings . The following table presents fair value measurements of investments, by major class, as of December 31, 2023, according to the fair value hierarchy: Fair Value Measurements Level 1 Level 2 Level 3 Total Senior Secured First Lien Debt $ — $ 16,639 $ 615,704 $ 632,343 Senior Secured Second Lien Debt — 12,973 39,153 52,126 Subordinated Debt — — 35,500 35,500 Equity/Other — — 36,176 36,176 Total $ — $ 29,612 $ 726,533 $ 756,145 The following table presents fair value measurements of investments, by major class, as of December 31, 2022, according to the fair value hierarchy: Fair Value Measurements Level 1 Level 2 Level 3 Total Senior Secured First Lien Debt $ — $ 26,901 $ 636,074 $ 662,975 Senior Secured Second Lien Debt — 8,447 45,575 54,022 Subordinated Debt — — 31,414 31,414 Equity/Other — — 33,969 33,969 Total $ — $ 35,348 $ 747,032 $ 782,380 The following table provides a reconciliation of the beginning and ending balances for investments that use Level 3 inputs for the year ended December 31, 2023: Senior Secured First Lien Debt Senior Secured Second Lien Debt Subordinated Debt Equity/Other Total Balance as of January 1, 2023 $ 636,074 $ 45,575 $ 31,414 $ 33,969 $ 747,032 Purchases and other adjustments to cost 73,738 29 5,040 1,890 80,697 Sales and repayments (84,943) (2,162) (987) — (88,092) Net realized gain (loss) 1,295 54 — — 1,349 Transfers in 5,153 — — — 5,153 Transfers out (5,857) (3,976) — — (9,833) Net change in unrealized appreciation (depreciation) on investments (9,756) (367) 33 317 (9,773) Balance as of December 31, 2023 $ 615,704 $ 39,153 $ 35,500 $ 36,176 $ 726,533 Net change in unrealized appreciation (depreciation) for the period relating to those Level 3 assets that were still held by the Company at the end of the year: $ (9,606) $ (361) $ 33 $ 317 $ (9,617) For the year ended December 31, 2023, transfers from Level 2 to Level 3 were due to current assessments of investment liquidity and a decrease in the number of observable market inputs. For the year ended December 31, 2023, transfers from Level 3 to Level 2 were due to an increase in the number of observable market inputs. The following table provides a reconciliation of the beginning and ending balances for investments that use Level 3 inputs for the year ended December 31, 2022: Senior Secured First Lien Debt Senior Secured Second Lien Debt Subordinated Debt Equity/Other Total Balance as of January 1, 2022 $ 358,083 $ 42,360 $ 24,412 $ 31,813 $ 456,668 Purchases and other adjustments to cost 317,946 3,941 6,924 1,891 330,702 Sales and repayments (54,420) — — 35 (54,385) Net realized gain (loss) 426 — — — 426 Transfers in 21,533 11,641 — — 33,174 Transfers out (5,508) (9,170) — — (14,678) Net change in unrealized appreciation (depreciation) on investments (1,986) (3,197) 78 230 (4,875) Balance as of December 31, 2022 $ 636,074 $ 45,575 $ 31,414 $ 33,969 $ 747,032 Net change in unrealized appreciation (depreciation) for the period relating to those Level 3 assets that were still held by the Company at the end of the year: $ (1,978) $ (3,197) $ 78 $ 230 $ (4,867) For the year ended December 31, 2022, transfers from Level 2 to Level 3 were due to current assessments of investment liquidity and a decrease in the number of observable market inputs. For the year ended December 31, 2022, transfers from Level 3 to Level 2 were due to an increase in the number of observable market inputs. The composition of the Company’s investments as of December 31, 2023, at amortized cost and fair value, were as follows: Investments at Amortized Cost Investments at Fair Value Fair Value Senior Secured First Lien Debt $ 642,976 $ 632,343 83.6 % Senior Secured Second Lien Debt 55,145 52,126 6.9 Subordinated Debt 35,389 35,500 4.7 Equity/Other 35,525 36,176 4.8 Total $ 769,035 $ 756,145 100.0 % The composition of the Company’s investments as of December 31, 2022, at amortized cost and fair value, were as follows: Investments at Amortized Cost Investments at Fair Value Fair Value Senior Secured First Lien Debt $ 666,045 $ 662,975 84.8 % Senior Secured Second Lien Debt 57,213 54,022 6.9 Subordinated Debt 31,336 31,414 4.0 Equity/Other 33,635 33,969 4.3 Total $ 788,229 $ 782,380 100.0 % Significant Unobservable Inputs The following table summarizes the significant unobservable inputs used to value the majority of the Level 3 investments as of December 31, 2023. The table is not intended to be all-inclusive, but instead identifies the significant unobservable inputs relevant to the determination of fair values. Range Asset Category Fair Value Primary Valuation Technique Unobservable Inputs Minimum Maximum Weighted Average (a) Senior Secured First Lien Debt $ 597,286 Yield Analysis Market Yield 8.81% 25.58% 11.00% Senior Secured First Lien Debt (c) 15,649 N/A N/A N/A N/A N/A Senior Secured First Lien Debt (b) 2,769 Waterfall Analysis EBITDA Multiple 6.00x 6.00x 6.00x Senior Secured Second Lien Debt 39,153 Yield Analysis Market Yield 13.35% 20.50% 14.95% Subordinated Debt 35,500 Waterfall Analysis Tangible Net Asset Value Multiple 1.75x 1.75x 1.75x Equity/Other (b) 32,600 Waterfall Analysis Tangible Net Asset Value Multiple 1.75x 1.75x 1.75x Equity/Other 3,459 Waterfall Analysis EBITDA Multiple 11.87x 24.50x 18.14x Equity/Other (b) 117 Yield Analysis Market Yield 13.50% 13.50% 13.50% Total $ 726,533 ______________ (a) Weighted averages are calculated based on fair value of investments. (b) This asset category contains one investment. (c) This instrument(s) was held at cost. The following table summarizes the significant unobservable inputs used to value the majority of the Level 3 investments as of December 31, 2022. The table is not intended to be all-inclusive, but instead identifies the significant unobservable inputs relevant to the determination of fair values. Range Asset Category Fair Value Primary Valuation Technique Unobservable Inputs Minimum Maximum Weighted Average (a) Senior Secured First Lien Debt $ 636,074 Yield Analysis Market Yield 8.57% 13.33% 10.57% Senior Secured Second Lien Debt 45,575 Yield Analysis Market Yield 12.20% 19.80% 14.82% Subordinated Debt 31,414 Waterfall Analysis Tangible Net Asset Value Multiple 1.87x 1.87x 1.87x Equity/Other (b) 30,742 Waterfall Analysis Tangible Net Asset Value Multiple 1.87x 1.87x 1.87x Equity/Other 3,111 Waterfall Analysis EBITDA Multiple 14.25x 20.75x 17.11x Equity/Other (b) 116 Yield Analysis Market Yield 13.00% 13.00% 13.00% Total $ 747,032 ______________ (a) Weighted averages are calculated based on fair value of investments. (b) This asset category contains one investment. Level 3 inputs to the valuation methodology are unobservable and significant to overall fair value measurement. The inputs into the determination of fair value require significant management judgment or estimation. Financial instruments that are included in this category include investments in privately held entities where the fair value is based on unobservable inputs. The income and market approaches were used in the determination of fair value of certain Level 3 assets as of December 31, 2023 and 2022. The significant unobservable inputs used in the income approach are the discount rate or market yield used to discount the estimated future cash flows expected to be received from the underlying investment, which include both future principal and interest payments. An increase in the discount rate or market yield would result in a decrease in the fair value. Included in the consideration and selection of discount rates is risk of default, rating of the investment, call provisions and comparable company investments. The significant unobservable inputs used in the market approach are based on market comparable transactions and market multiples of publicly traded comparable companies. Increases or decreases in market comparable transactions or market multiples would result in an increase or decrease, respectively, in the fair value. Valuations of loans, corporate debt, and other debt obligations are generally based on discounted cash flow techniques, for which the significant inputs are the amount and timing of expected future cash flows, market yields and recovery assumptions. The significant inputs are generally determined based on relative value analysis, which incorporate comparisons to other debt instruments for which observable prices or broker quotes are available. Other valuation methodologies are used as appropriate including market comparables, transactions in similar instruments and recovery/liquidation analysis. The Company also considers the use of EBITDA multiples, revenue multiples, tangible net asset value multiples, TBV multiples, and other relevant multiples on its debt and equity investments to determine any credit gains or losses in certain instances. Increases or decreases in either of these inputs in isolation may result in a significantly lower or higher fair value measurement of the respective subject instrument. As of December 31, 2023 and 2022 , the Company h ad no po rtfolio companies on non-accrual status, respectively. Refer to Note 2 - Summary of Significant Accounting Policies - for additional details regarding the Company’s non-accrual policy.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2023
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Investment Advisory Agreement The Company entered into an Investment Advisory Agreement with the Adviser pursuant to which the Adviser, subject to the overall supervision of the Company’s Board of Directors, manages the day-to-day operations of, and provides investment advisory services to the Company. The Investment Advisory Agreement was approved by the Board of Directors and the sole stockholder for an initial two year term on September 23, 2020. The Board of Directors most recently renewed the Investment Advisory Agreement on January 30, 2023. Pursuant to the Investment Advisory Agreement, the Company pays the Adviser a fee for investment advisory and management services consists of two components - a base management fee (the “Management Fee”) and an incentive fee, which consists of two components (together, the “Incentive Fee”). Management Fee The Management Fee is payable quarterly in arrears and is calculated based on the average value of the Company’s gross assets at the end of the two most recently completed calendar quarters, where gross assets includes the total assets of the Company, including any borrowings for investment purposes. Prior to a liquidity event, the Management Fee payable under the Investment Advisory Agreement was calculated at an annual rate of 0.5% of the Company’s average gross assets. A “1iquidity event” is defined as any of: (1) a merger or another transaction approved by the Board of Directors in which the Company’s stockholders will receive cash or shares of a publicly traded company (or a company that becomes publicly traded concurrently with the closing of such transaction), which may include an entity advised by the Adviser or its affiliates, (2) an initial public offering (“IPO”) or a listing (an “Exchange Listing”) of the Common Stock on a national securities exchange, or (3) the sale of all or substantially all of the Company’s assets either on a complete portfolio basis or individually followed by a liquidation. After a liquidity event, the Management Fee payable under the Investment Advisory Agreement will be calculated at an annual rate of 1.50% of the Company’s average gross assets, provided, that the Management Fee will be calculated at an annual rate of 1.00% of the Company’s average gross assets purchased with borrowed funds above 1.0x debt-to-equity (equivalent to $1 of debt outstanding for each $1 of equity), and provided further that for a period of 15 months commencing on the date of the closing of a liquidity event, the Adviser will irrevocably waive Management Fees in excess of 0.5% of the Company’s average gross assets. Any fees waived under the Investment Advisory Agreement are not subject to reimbursement to the Adviser. As of December 31, 2023 and 2022, $1.1 million and $1.0 million was payable to the Adviser for Management Fees, respectively. For the years ended December 31, 2023, 2022, and 2021, the Company incurred $4.2 million, $3.4 million, and $1.1 million, respectively, in Management Fees under the Investment Advisory Agreement. Incentive Fee The Company will also pay the Adviser an Incentive Fee consisting of two parts, which are described below. Notwithstanding anything herein to the contrary, the Adviser will waive all Incentive Fees for the first twelve calendar quarters of operations of the Company. The incentive fee consists of two parts. The first part is referred to as the “incentive fee on income” and it is calculated and payable quarterly in arrears based on the Company’s “Pre-Incentive Fee Net Investment Income” for the immediately preceding quarter. “Pre-Incentive Fee Net Investment Income” means interest income, dividend income and any other income (including any other fees, other than fees for providing managerial assistance, such as commitment, origination, structuring, diligence and consulting fees or other fees that the Company receives from portfolio companies) accrued during the calendar quarter, minus the Company’s operating expenses for the quarter (including the Management Fee, expenses payable under the Administration Agreement (as defined below) and any interest expense and dividends paid on any issued and outstanding preferred stock, but excluding the incentive fee). Pre-Incentive Fee Net Investment Income includes, in the case of investments with a deferred interest feature (such as original issue discount debt instruments with PIK interest and zero coupon securities), accrued income that the Company has not yet received in cash. Pre-Incentive Fee Net Investment Income does not include any realized capital gains, realized capital losses or unrealized capital appreciation or depreciation. For purposes of computing the Company’s Pre-Incentive Fee Net Investment Income, the calculation methodology will look through total return swaps as if the Company owned the referenced assets directly. For periods ending on or prior to the date of the closing of a liquidity event, the incentive fee on income with respect to the Company’s Pre-Incentive Fee Net Investment Income will be calculated as follows: • No incentive fee on income in any calendar quarter in which the Company’s Pre-Incentive Fee Net Investment Income does not exceed the preferred return rate of 1.50%, or 6.00% annualized (the “Preferred Return”), on net assets; • 100% of Pre-Incentive Fee Net Investment Income, if any, that exceeds the Preferred Return but is less than or equal to 1.765% in any calendar quarter (7.06% annualized). This portion of the incentive fee on income is referred to as the “catch up” and is intended to provide the Adviser with an incentive fee of 15% on all of the Company’s Pre-Incentive Fee Net Investment Income when the Company’s Pre-Incentive Fee Net Investment Income reaches 1.765% (7.06% annualized) in any calendar quarter; and • For any quarter in which Pre-Incentive Fee Net Investment Income exceeds 1.765% (7.06% annualized), the incentive fee on income equals 15% of the amount of Pre-Incentive Fee Net Investment Income, as the Preferred Return and catch-up will have been achieved. For any period ending after the closing of a liquidity event, the incentive fee on income for each quarter will be calculated as follows: • No incentive fee on income in any calendar quarter in which Pre-Incentive Fee Net Investment Income does not exceed the Preferred Return of 1.50%, or 6.00% annualized, on net assets; • 100% of Pre-Incentive Fee Net Investment Income, if any, that exceeds the Preferred Return but is less than or equal to 1.8175% in any calendar quarter (7.27% annualized), which portion of the incentive fee on income is referred to as the “catch up” and is intended to provide the Adviser with an incentive fee of 17.5% on all of Pre-Incentive Fee Net Investment Income when Pre-Incentive Fee Net Investment Income reaches 1.8175% (7.27% annualized) in any calendar quarter; and • For any quarter in which Pre-Incentive Fee Net Investment Income exceeds 1.8175% (7.27% annualized), the incentive fee on income equals 17.5% of the amount of Pre-Incentive Fee Net Investment Income, as the Preferred Return and catch-up will have been achieved. Notwithstanding the foregoing, for a period of 15 months commencing on the date of the closing of a liquidity event, the Adviser will irrevocably waive any incentive fee on income otherwise payable in excess of any amounts calculated at the pre-IPO or pre-Exchange Listing rates. Any fees waived under the Investment Advisory Agreement are not subject to reimbursement to the Adviser. For the years ended December 31, 2023, 2022, and 2021, the Company incurred $7.7 million, $4.7 million, and $0.7 million, respectively, in incentive fees on income, none of which was payable to the Adviser under the Investment Advisory Agreement. The second part of the incentive fee, referred to as the “incentive fee on capital gains during operations,” is an incentive fee on capital gains earned on cumulative realized capital gains of the Company net of cumulative realized capital losses and unrealized capital depreciation and is determined and payable in arrears as of the end of each calendar year (or upon termination of the Investment Advisory Agreement, if earlier). Prior to a liquidity event, this fee equals 15% of the Company’s incentive fee capital gains, which equals realized capital gains of the Company on a cumulative basis from the date of the Company’s election to be regulated as a BDC, 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 incentive fee on capital gains during operations. Following a liquidity event, the incentive fee on capital gains during operations equals 17.5% of the Company’s incentive fee capital gains calculated as described above, on a cumulative basis from the date of the Company’s election to be regulated as a BDC. U.S. GAAP requires that the incentive fee accrual be calculated assuming a hypothetical liquidation of the Company based upon investments held at the end of each period. In such a calculation, in order to calculate the accrual for the capital gains incentive fee in accordance with U.S. GAAP for a given period, the Company includes unrealized appreciation in calculating the accrual for the capital gains incentive fee even though such unrealized appreciation is not included in in calculating the capital gains incentive fee payable under the Investment Advisory Agreement. There can be no assurance that such unrealized appreciation will be realized in the future. Accordingly, the accrual for the capital gains incentive fee, as calculated and accrued in accordance with U.S. GAAP, does not necessarily represent amounts that will be payable under the Investment Advisory Agreement. For the years ended December 31, 2023, 2022, and 2021, the Company accrued $0, $(0.4) million, and $0.4 million, respectively, in incentive fees on capital gains in accordance with U.S. GAAP, none of which was payable to the Adviser under the Investment Advisory Agreement. Administration Agreement The Company entered into an administration agreement with Benefit Street Partners (the “Administration Agreement”), pursuant to which Benefit Street Partners (in such capacity, the “Administrator”) provides the Company with office facilities and certain administrative services necessary for the Company to conduct its business. The Company reimburses BSP quarterly for all administrative costs and expenses incurred by the Adviser in performing its obligations and providing personnel and facilities under the Administration Agreement and annually for overhead expenses incurred in the course of performing its obligations under the Administration Agreement, including rent, travel, and the allocable portion of the cost of the Company’s Chief Compliance Officer and Chief Financial Officer and their respective staffs, including operations and tax professionals, and administrative staff providing support services in respect of the Company. As of December 31, 2023 and 2022, $1.2 million and $0.8 million was payable to BSP under the Administration Agreement, respectively. For the years ended December 31, 2023, 2022, and 2021, the Company incurred $1.2 million, $0.8 million, and $0.7 million, respectively, in administrative service fees under the Administration Agreement, which are included in the other general and administrative on the consolidated statements of operations. Co-Investment Relief

Borrowings

Borrowings	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Borrowings	Borrowings In accordance with the 1940 Act, the Company is allowed to borrow amounts such that its asset coverage, calculated pursuant to the Investment Company Act, is at least 150% after such borrowing, with certain limited exceptions. The Company’s asset coverage requirement applicable to senior securities was reduced from 200% to 150% effective September 23, 2020. As of December 31, 2023, the aggregate principal amount outstanding of the senior securities issued by the Company was $399.5 million and the Company’s asset coverage was 197%. MS Credit Facility On March 15, 2021, the Company, FBCC Lending I, LLC, a wholly-owned, special purpose financing subsidiary of the Company (“FBCC Lending”), and the Adviser, as the servicer, entered into a loan and servicing agreement (together with the other documents executed in connection therewith, the “MS Credit Facility”) with Morgan Stanley Asset Funding, Inc. as administrative agent, Morgan Stanley Bank, N.A., as the lender, and U.S. Bank National Association as collateral agent, account bank and collateral custodian, that provides for borrowings of up to $100.0 million on a committed basis. Obligations under the MS Credit Facility are secured by a first priority security interest in substantially all of the assets of FBCC Lending, including its portfolio of investments and the Company’s equity interest in FBCC Lending. The obligations of FBCC Lending under the MS Credit Facility are nonrecourse to the Company. Any amounts borrowed under the MS Credit Facility will mature, and will be due and payable, on the maturity date, which is March 15, 2025. Prior to the Third Amendment (defined below), borrowings under the MS Credit Facility bore interest at three-month LIBOR, with a LIBOR floor of zero, plus a spread of 2.25%. Interest is payable quarterly in arrears. FBCC Lending is subject to a non-usage fee of 0.50% on the difference between total commitments and the greater of the (i) drawn amounts and (ii) minimum utilization requirement, and, in addition, after the ramp-up period, FBCC Lending would pay interest on undrawn amounts up to the minimum utilization requirement under the MS Credit Facility if drawn amounts are less than such minimum utilization requirement. The Company paid an upfront fee and incurred other customary costs and expenses in connection with the MS Credit Facility. On July 1, 2021, FBCC Lending amended the MS Credit Facility to, among other things, increase the maximum permissible borrowings under the MS Credit Facility from $100.0 million to $200.0 million on a committed basis (the “First Amendment”). On December 15, 2021, FBCC Lending amended the MS Credit Facility to, among other things, increase the maximum permissible borrowings under the MS Credit Facility from $200.0 million to $250.0 million on a committed basis (the “Second Amendment”). On January 31, 2022, FBCC Lending amended the MS Credit Facility to, among other things, increase the maximum permissible borrowings from $250.0 million to $300.0 million on a committed basis, transition the benchmark rate to Adjusted Term SOFR and included the Canadian Imperial Bank of Commerce ("CIBC") as a lender (the “Third Amendment”). Following the Third Amendment, borrowings under the MS Credit Facility bear interest at Adjusted Term SOFR, with an Adjusted Term SOFR floor of zero, plus a spread of 2.00%. FBCC Lending is subject to non-usage fee of 0.50% on the difference between total commitments and the greater of the (i) drawn amounts and (ii) minimum utilization requirement, and, in addition after the ramp-up period, FBCC Lending would pay interest on undrawn amounts up to the minimum utilization requirement under the MS Credit Facility, at three month SOFR floor of zero, plus spread of 1.125%, if drawn amounts are less than such minimum utilization requirement. The entire facility is subject to a 0.25% administrative agent fee. On June 28, 2022, FBCC Lending entered into a fourth amendment (together with any documents executed in connection therewith, the “Fourth Amendment”) to the MS Credit Facility. The Fourth Amendment, among other things, increases the maximum permissible borrowings under the MS Credit Facility to $400.0 million from $300.0 million on a committed basis and amends the spread on borrowings under the MS Credit Facility to 2.25%. The MS Credit Facility was refinanced with the JPM Credit Facility (defined below) on October 4, 2023. As a result of the refinancing to the JPM Credit Facility, the Company incurred a realized loss on extinguishment of debt of $1.5 million. MS Subscription Facility On April 22, 2021, the Company entered into a $50.0 million revolving credit agreement (the “MS Subscription Facility”) with Morgan Stanley Asset Funding, Inc., as administrative agent and sole lead arranger, and Morgan Stanley Bank, N.A., as the letter of credit issuer and lender. The MS Subscription Facility is subject to certain restrictions, including availability under the borrowing base, which is based on unfunded capital commitments. The amount of permissible borrowings under the MS Subscription Facility may be increased up to an aggregate of $150.0 million with the consent of the lenders. The MS Subscription Facility had a maturity date of April 22, 2022, which may be extended for an additional two terms of not more than 12 months each with the consent of the administrative agent and lenders. On April 20, 2022, the Company entered into a first amendment (the “First Amendment”) to the MS Subscription Facility, which extended the maturity date to April 21, 2023, which may be extended for an additional term of not more than 12 months each with the consent of the administrative agent and lenders. On September 30, 2022, pursuant to the terms of the agreement, the Company voluntarily reduced commitments from $50.0 million to $44.5 million and on December 9, 2022, pursuant to the terms of the agreement, the Company voluntarily reduced commitments from $44.5 million to $25.5 million (together, the “MS Subscription Facility Downsizes”). Prior to the First Amendment, the MS Subscription Facility bore interest at a rate of: (i) with respect LIBOR Rate Loans, Adjusted LIBOR (as defined in the MS Subscription Facility) for the applicable interest period plus 2.00% per annum and (ii) with respect to Base Rate Loans, the greatest of (a) the Prime Rate in effect on such day plus 1.00% per annum, (b) the federal funds rate in effect on such day plus 0.50%, plus 1.00% per annum and (c) except during any period of time during which LIBOR is unavailable, one-month Adjusted LIBOR plus, without duplication, 100 basis points per annum. The Company paid an upfront fee and incurred other customary costs and expenses in connection with the MS Subscription Facility. Subsequent to the First Amendment, the MS Subscription Facility bears interest at a rate of: (i) with respect to Term SOFR Loans, Term SOFR with a one-month Interest Period plus 2.10% per annum and (ii) with respect to Base Rate Loans, the greatest of (a) the Prime Rate in effect on such day plus 100 basis points (1.00%) per annum, (b) the federal funds rate in effect on such day plus 0.50% plus 1.00% per annum and (c) except during any period of time during which Term SOFR is unavailable, Term SOFR for a one-month tenor in effect on such day plus without duplication, 100 basis points (1.00%) per annum plus 100 basis points (1.00%) per annum. The Company paid an upfront fee and incurred other customary costs and expenses in connection with the First Amendment to MS Subscription Facility. In addition, the Company will be subject to an unused commitment fee of 0.30%. The MS Subscription Facility was terminated on March 29, 2023. JPM Credit Facility On October 4, 2023, the Company refinanced the MS Credit Facility with a $400.0 million credit facility with FBCC Jupiter Funding, LLC, a wholly-owned, consolidated special purpose financing subsidiary of the Company, as borrower (“Jupiter Funding”), the Adviser, as portfolio manager, the lenders party thereto, U.S. Bank National Association, as securities intermediary, U.S. Bank Trust Company, National Association as collateral administrator and collateral agent, and JPMorgan Chase Bank, National Association, as administrative agent (the “JPM Credit Facility”). The JPM Credit Facility provides for borrowings through October 4, 2026, and any amounts borrowed under the JPM Credit Facility will mature on October 4, 2027. Borrowings under the JPM Credit Facility will bear interest at a benchmark rate, currently SOFR, plus a margin of 2.75% per annum, which is inclusive of an administrative agent fee. Interest is payable quarterly in arrears. Jupiter Funding will be subject to a non-usage fee of 0.75%, which is inclusive of the administrative agent fee, to the extent the commitments available under the JPM Credit Facility have not been borrowed. Jupiter Funding paid an upfront fee and incurred other customary costs and expenses in connection with the JPM Credit Facility. The following table represents facility borrowings as of December 31, 2023: Maturity Date Total Aggregate Borrowing Capacity Total Principal Outstanding Less Deferred Financing Costs Amount per Consolidated Statements of Assets and Liabilities JPM Credit Facility 10/4/2027 $ 400,000 $ 322,000 $ (2,082) $ 319,918 Total $ 400,000 $ 322,000 $ (2,082) $ 319,918 The following table represents facility borrowings as of December 31, 2022: Maturity Date Total Aggregate Borrowing Capacity Total Principal Outstanding Less Deferred Financing Costs Amount per Consolidated Statements of Assets and Liabilities MS Credit Facility 3/15/2025 $ 400,000 $ 356,500 $ (2,222) $ 354,278 MS Subscription Facility 4/21/2023 25,500 25,400 (98) 25,302 Total $ 425,500 $ 381,900 $ (2,320) $ 379,580 The weighted average annualized interest cost for all facility borrowings for the years ended December 31, 2023 and 2022 was 7.76% and 4.14%, respectively. The average daily debt outstanding for facility borrowings for the years ended December 31, 2023 and 2022 was $346.1 million and $324.3 million, respectively. The maximum debt outstanding for facility borrowings for the years ended December 31, 2023 and 2022 was $381.9 million and $426.9 million, respectively. Short-term Borrowings From time to time, the Company finances the purchase of certain investments through repurchase agreements. In the repurchase agreements, the Company enters into a trade to sell an investment and contemporaneously enter into a trade to buy the same investment back on a specified date in the future with the same counterparty. Investments sold under repurchase agreements are accounted for as collateralized borrowings as the sale of the investment does not qualify for sale accounting under ASC Topic 860—Transfers and Servicing and remains as an investment on the consolidated statements of assets and liabilities. The Company uses repurchase agreements as a short-term financing alternative. As of December 31, 2023 and 2022, the Company had short-term borrowings outstanding of $0 and $20.8 million, respectively. For the years ended December 31, 2023, 2022, and 2021, the Company recorded interest expense of $1.7 million, $2.2 million, and $0.1 million, respectively, in connection with short-term borrowings. For the period January 1, 2023 through August 14, 2023 (period for which the Company had short-term borrowings), the Company had an average outstanding balance of short-term borrowings of $32.7 million and bore interest at a weighted average rate of 0.02%. For the year ended December 31, 2022, the Company had an average outstanding balance of short-term borrowings of $44.0 million and bore interest at a weighted average rate of 0.01%. Secured Borrowings On August 21, 2023, the Company entered into a total return swap (“TRS”) with Nomura. A TRS is a contract in which one party agrees to make periodic payments to another party based on the change in the market value of the assets underlying the TRS, which may include a specified security, basket of securities or securities indices during the specified period, in return for periodic payments based on a fixed or variable interest rate. The Company pays interest to Nomura for each loan at a rate equal to three-month SOFR plus 3.60% per annum. Upon the termination or repayment of any loan under the TRS, the Company will either receive from Nomura the appreciation in the value of such loan or pay to Nomura any depreciation in the value of such loan. The scheduled termination date for the TRS is February 17, 2025. The Company may terminate the TRS prior to February 17, 2025 upon the occurrence of certain events but in certain circumstances may be required to pay certain termination fees. As of December 31, 2023, all total return swaps on the Nomura TRS were entered into contemporaneously with the Company’s sale of their reference assets. Due to the Company’s continuing involvement in these assets, these assets are not derecognized under ASC Topic 860 -- Transfers and Servicing, and are presented on the consolidated schedule of investments. Financing amounts related to these assets are presented as secured borrowings on the consolidated statement of assets and liabilities. Any margin paid to the counterparty under the terms of the TRS agreement is included in the “Due from broker” on the Company’s consolidated statements of assets and liabilities. The TRS is subject to the SEC rule related to the use of derivatives, reverse repurchase agreements and certain other transactions by registered investment companies. The rule requires that the Company trade derivatives and other transactions that create future payment or delivery obligations subject to a value-at-risk leverage limit and certain derivatives risk management program and reporting requirements. Generally, these requirements apply unless the Company qualifies as a “limited derivatives user,” as defined in the rule, in which case certain exceptions to these conditions would apply. The Company may qualify as a limited derivatives user if it adopts and implements written policies and procedures reasonably designed to manage the Company's derivatives risk and the Company's derivatives exposure does not exceed 10 percent of the Company's net assets as calculated in accordance with the rule. As of December 31, 2023 and December 31, 2022, the Company had secured borrowings outstanding of $33.3 million and $0, respectively. For the years ended December 31, 2023, 2022, and 2021 the Company recorded interest expense of $0.8 million, $0, and $0, respectively, in connection with secured borrowings. For the period August 21, 2023 through December 31, 2023, the Company had an average outstanding balance of secured borrowings of $30.5 million and bore interest at a weighted average rate of 8.98%. The following table represents interest and debt fees for the year ended December 31, 2023: Year Ended December 31, 2023 Interest Rate Non-Usage Rate Interest Expense Deferred Financing Costs (1) Other Fees (2) MS Credit Facility (5) (3) 0.50 % $ 19,446 $ 763 $ 1,082 MS Subscription Facility (6) (4) 0.30 % 404 98 11 JPM Credit Facility S + 2.75% 0.75 % 6,405 129 319 Short-term borrowings 1,692 — — Secured borrowings S + 3.60% 759 41 — Total $ 28,706 $ 1,031 $ 1,412 (1) Amortization of deferred financing costs. (2) Includes non-usage fees, custody fees, and administrative agent fees. (3) From January 1, 2023 to October 4, 2023, the MS Credit Facility bore interest at a rate of Term SOFR, plus a spread of 2.25% per annum. (4) From January 1, 2023 to March 29, 2023, the MS Subscription Facility bore interest at a rate of Term SOFR with a one-month Interest Period, plus a spread of 2.10% per annum. (5) Amount presented represents activity prior to refinancing on October 4, 2023. (6) Amount presented represents activity prior to termination on March 29, 2023. The following table represents interest and debt fees for the year ended December 31, 2022: Year Ended December 31, 2022 Interest Rate Non-Usage Rate Interest Expense Deferred Financing Costs (1) Other Fees (2) MS Credit Facility (3) 0.50 % $ 10,908 $ 894 $ 1,398 MS Subscription Facility (4) 0.30 % 1,781 295 — Short-term borrowings 2,191 — — Total $ 14,880 $ 1,189 $ 1,398 (1) Amortization of deferred financing costs. (2) Includes non-usage fees, custody fees and administrative agent fees. (3) From January 1, 2022 through January 30, 2022, the MS Credit Facility had an interest rate priced at three-month LIBOR, with a LIBOR floor of zero, plus a spread of 2.25%. From January 31, 2022 through June 27, 2022 the MS Credit Facility transitioned the benchmark rate to Adjusted Term SOFR. Borrowings under the MS Credit Facility bore interest at Adjusted Term SOFR, with an Adjusted Term SOFR floor of zero, plus a spread of 2.00%. From June 28, 2022 to December 31, 2022 MS Credit Facility had an interest rate priced at Term SOFR, plus a spread of 2.25%. (4) From January 1, 2022 through April 19, 2022 the MS Subscription Facility bore interest at a rate of Adjusted LIBOR for the applicable interest period plus 2.00% per annum. From April 20, 2022 through December 31, 2022 bore interest at a rate of Term SOFR with a one-month Interest Period plus 2.10% per annum. The following table represents interest and debt fees for the year ended December 31, 2021: Year Ended December 31, 2021 Interest Rate Non-Usage Rate Interest Expense Deferred Financing Costs (1) Other Fees (2) MS Credit Facility L + 2.25% 0.50 % $ 1,787 $ 365 $ 340 MS Subscription Facility L + 2.00% 0.30 % 654 282 14 Short-term borrowings 97 — — Total $ 2,538 $ 647 $ 354 (1) Amortization of deferred financing costs. (2) Includes non-usage fees and custody fees. The Company is required to disclose the fair value of financial instruments for which it is practicable to estimate fair value. The fair value of short-term financial instruments such as cash and cash equivalents, due to affiliates, accounts payable, short-term borrowings, and secured borrowings approximate their carrying value on the accompanying consolidated statements of assets and liabilities due to their short-term nature. At December 31, 2023, the carrying amount of the Company's secured borrowings approximated their fair value. The fair values of the Company's debt obligations are determined in accordance with ASC 820, which defines fair value in terms of the price that would be paid to transfer a liability in an orderly transaction between market participants at the measurement date under current market conditions. The fair value of the Company's borrowings is estimated based upon market interest rates for the Company's own borrowings or entities with similar credit risk, adjusted for nonperformance risk, if any. As of December 31, 2023 and 2022, the Company's borrowings would be deemed to be Level 3, as defined in Note 3 - Fair Value of Financial Instruments . The fair values of the Company’s remaining financial instruments that are not reported at fair value on the accompanying consolidated statements of assets and liabilities are reported below: Level Carrying Amount as of December 31, 2023 Fair Value as of December 31, 2023 JPM Credit Facility 3 $ 322,000 $ 322,000 Total $ 322,000 $ 322,000 Level Carrying Amount as of December 31, 2022 Fair Value as of December 31, 2022 MS Credit Facility 3 $ 356,500 $ 356,500 MS Subscription Facility 3 25,400 25,400 Total $ 381,900 $ 381,900

Commitment and Contingencies

Commitment and Contingencies	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Commitments In the ordinary course of business, the Company may enter into future funding commitments. As of December 31, 2023, the Company had unfunded commitments on delayed draw term loans of $34.3 million, and unfunded commitments on revolver term loans of $42.2 million. As of December 31, 2022, the Company had unfunded commitments on delayed draw term loans of $56.1 million, and unfunded commitments on revolver term loans of $47.5 million. The Company maintains sufficient cash on hand, unfunded Capital Commitments, and available borrowings to fund such unfunded commitments. As of December 31, 2023, the Company's unfunded commitments consisted of the following: Portfolio Company Name Investment Type Commitment Type Total Commitment Remaining Commitment ADCS Clinics Intermediate Holdings, LLC Senior Secured First Lien Debt Revolver $ 533 $ 533 Alera Group Intermediate Holdings, Inc. Senior Secured First Lien Debt Delayed Draw 1,637 1,637 Alera Group Intermediate Holdings, Inc. Senior Secured First Lien Debt Delayed Draw 5,745 740 Armada Parent, Inc. Senior Secured First Lien Debt Delayed Draw 2,024 1,019 Armada Parent, Inc. Senior Secured First Lien Debt Revolver 2,444 2,444 Avalara, Inc. Senior Secured First Lien Debt Revolver 1,990 1,990 Center Phase Energy, LLC Senior Secured First Lien Debt Revolver 6,593 6,593 Communication Technology Intermediate, LLC Senior Secured First Lien Debt Revolver 998 912 Community Brands ParentCo, LLC Senior Secured First Lien Debt Delayed Draw 1,085 1,085 Community Brands ParentCo, LLC Senior Secured First Lien Debt Revolver 542 542 Demakes Borrower, LLC Senior Secured First Lien Debt Delayed Draw 1,323 1,323 Eliassen Group, LLC Senior Secured First Lien Debt Delayed Draw 1,450 995 Faraday Buyer, LLC Senior Secured First Lien Debt Delayed Draw 1,851 1,851 FGT Purchaser, LLC Senior Secured First Lien Debt Revolver 976 634 Galway Borrower, LLC Senior Secured First Lien Debt Revolver 861 861 Geosyntec Consultants, Inc. Senior Secured First Lien Debt Delayed Draw 5,480 2,737 Geosyntec Consultants, Inc. Senior Secured First Lien Debt Revolver 2,017 2,017 Gogo Intermediate Holdings, LLC Senior Secured First Lien Debt Revolver 452 452 IG Investments Holdings, LLC Senior Secured First Lien Debt Revolver 632 632 Indigo Buyer, Inc. Senior Secured First Lien Debt Revolver 1,536 922 IQN Holding Corp. Senior Secured First Lien Debt Delayed Draw 660 660 Portfolio Company Name Investment Type Commitment Type Total Commitment Remaining Commitment IQN Holding Corp. Senior Secured First Lien Debt Revolver $ 503 $ 503 Knowledge Pro Buyer, Inc. Senior Secured First Lien Debt Delayed Draw 7,323 6,281 Knowledge Pro Buyer, Inc. Senior Secured First Lien Debt Revolver 1,147 872 Medical Management Resource Group, LLC Senior Secured First Lien Debt Revolver 603 265 Mirra-Primeaccess Holdings, LLC Senior Secured First Lien Debt Revolver 3,429 2,572 Odessa Technologies, Inc. Senior Secured First Lien Debt Revolver 1,704 1,704 PetVet Care Centers, LLC Senior Secured First Lien Debt Delayed Draw 1,057 1,057 PetVet Care Centers, LLC Senior Secured First Lien Debt Revolver 1,057 1,057 Pie Buyer, Inc. Senior Secured First Lien Debt Delayed Draw 2,902 2,267 Pie Buyer, Inc. Senior Secured First Lien Debt Revolver 741 395 Pluralsight, LLC Senior Secured First Lien Debt Revolver 638 142 Relativity Oda, LLC Senior Secured First Lien Debt Revolver 196 196 Saturn SHC Buyer Holdings, Inc. Senior Secured First Lien Debt Revolver 4,012 4,012 Sherlock Buyer Corp. Senior Secured First Lien Debt Delayed Draw 1,454 1,454 Sherlock Buyer Corp. Senior Secured First Lien Debt Revolver 581 581 Simplifi Holdings, Inc. Senior Secured First Lien Debt Revolver 1,720 1,398 SunMed Group Holdings, LLC Senior Secured First Lien Debt Revolver 259 259 The NPD Group, LP Senior Secured First Lien Debt Revolver 943 773 Trinity Air Consultants Holdings Corp. Senior Secured First Lien Debt Delayed Draw 1,232 675 Trinity Air Consultants Holdings Corp. Senior Secured First Lien Debt Revolver 857 857 Triple Lift, Inc. Senior Secured First Lien Debt Revolver 1,393 859 US Oral Surgery Management Holdco, LLC Senior Secured First Lien Debt Revolver 527 527 US Salt Investors, LLC Senior Secured First Lien Debt Revolver 934 934 Vensure Employer Services, Inc. Senior Secured First Lien Debt Delayed Draw 3,771 3,311 Victors CCC Buyer, LLC Senior Secured First Lien Debt Delayed Draw 1,875 1,875 Victors CCC Buyer, LLC Senior Secured First Lien Debt Revolver 1,358 1,358 West Coast Dental Services, Inc. Senior Secured First Lien Debt Revolver 1,087 145 Westwood Professional Services, Inc. Senior Secured First Lien Debt Revolver 162 162 WHCG Purchaser III, Inc. Senior Secured First Lien Debt Revolver 1,821 5 WIN Holdings III Corp. Senior Secured First Lien Debt Revolver 1,908 1,908 Zendesk, Inc. Senior Secured First Lien Debt Delayed Draw 5,304 5,304 Zendesk, Inc. Senior Secured First Lien Debt Revolver 2,184 2,184 $ 95,511 $ 76,471 As of December 31, 2022, the Company's unfunded commitments consisted of the following: Portfolio Company Name Investment Type Commitment Type Total Commitment Remaining Commitment ADCS Clinics Intermediate Holdings, LLC Senior Secured First Lien Debt Delayed Draw $ 1,513 $ 333 ADCS Clinics Intermediate Holdings, LLC Senior Secured First Lien Debt Delayed Draw 1,246 1,246 Portfolio Company Name Investment Type Commitment Type Total Commitment Remaining Commitment ADCS Clinics Intermediate Holdings, LLC Senior Secured First Lien Debt Revolver $ 533 $ 533 Alera Group Intermediate Holdings, Inc. Senior Secured First Lien Debt Delayed Draw 5,793 2,552 Armada Parent, Inc. Senior Secured First Lien Debt Delayed Draw 2,034 1,019 Armada Parent, Inc. Senior Secured First Lien Debt Revolver 2,444 2,444 Avalara, Inc. Senior Secured First Lien Debt Revolver 1,990 1,990 Aventine Holdings, LLC Senior Secured First Lien Debt Delayed Draw 4,722 366 BCPE Oceandrive Buyer, Inc. Senior Secured First Lien Debt Delayed Draw 5,194 4,408 Center Phase Energy, LLC Senior Secured First Lien Debt Revolver 6,593 6,593 Communication Technology Intermediate, LLC Senior Secured First Lien Debt Revolver 998 912 Community Brands Parentco, LLC Senior Secured First Lien Debt Delayed Draw 1,085 1,085 Community Brands Parentco, LLC Senior Secured First Lien Debt Revolver 542 542 Coronis Health, LLC Senior Secured First Lien Debt Revolver 1,968 1,968 Eliassen Group, LLC Senior Secured First Lien Debt Delayed Draw 1,452 1,235 Encina Equipment Finance, LLC Subordinated Debt Delayed Draw 11,000 4,086 Faraday Buyer, LLC Senior Secured First Lien Debt Delayed Draw 1,260 1,260 FGT Purchaser, LLC Senior Secured First Lien Debt Revolver 976 605 Galway Borrower, LLC Senior Secured First Lien Debt Delayed Draw 125 125 Galway Borrower, LLC Senior Secured First Lien Debt Revolver 861 861 Geosyntec Consultants, Inc. Senior Secured First Lien Debt Delayed Draw 5,503 5,503 Geosyntec Consultants, Inc. Senior Secured First Lien Debt Revolver 2,017 2,017 Gogo Intermediate Holdings, LLC Senior Secured First Lien Debt Revolver 452 452 IG Investments Holdings, LLC Senior Secured First Lien Debt Revolver 632 379 Indigo Buyer, Inc. Senior Secured First Lien Debt Delayed Draw 3,841 3,841 Indigo Buyer, Inc. Senior Secured First Lien Debt Revolver 1,536 1,280 IQN Holding Corp. Senior Secured First Lien Debt Delayed Draw 1,258 1,163 IQN Holding Corp. Senior Secured First Lien Debt Revolver 503 503 Knowledge Pro Buyer, Inc. Senior Secured First Lien Debt Delayed Draw 2,290 1,238 Knowledge Pro Buyer, Inc. Senior Secured First Lien Debt Revolver 1,147 1,147 Medical Management Resource Group, LLC Senior Secured First Lien Debt Revolver 603 603 Mirra-Primeaccess Holdings, LLC Senior Secured First Lien Debt Revolver 3,429 2,143 Monumental RSN, LLC Senior Secured First Lien Debt Revolver 1,590 1,590 Odessa Technologies, Inc. Senior Secured First Lien Debt Delayed Draw 1,217 1,217 Odessa Technologies, Inc. Senior Secured First Lien Debt Revolver 1,704 1,704 Pie Buyer, Inc. Senior Secured First Lien Debt Delayed Draw 2,905 2,905 Pie Buyer, Inc. Senior Secured First Lien Debt Revolver 741 556 Pluralsight, LLC Senior Secured First Lien Debt Revolver 638 319 Point Broadband Acquisition, LLC Senior Secured First Lien Debt Delayed Draw 3,663 1,930 Relativity Oda, LLC Senior Secured First Lien Debt Revolver 196 196 Roadsafe Holdings, Inc. Senior Secured First Lien Debt Delayed Draw 4,357 1,437 RSC Acquisition, Inc. Senior Secured First Lien Debt Delayed Draw 2,179 1,541 Saturn SHC Buyer Holdings, Inc. Senior Secured First Lien Debt Revolver 4,012 4,012 Sherlock Buyer Corp. Senior Secured First Lien Debt Delayed Draw 1,454 1,454 Portfolio Company Name Investment Type Commitment Type Total Commitment Remaining Commitment Sherlock Buyer Corp. Senior Secured First Lien Debt Revolver $ 581 $ 581 Simplifi Holdings, Inc. Senior Secured First Lien Debt Revolver 1,720 1,720 SunMed Group Holdings, LLC Senior Secured First Lien Debt Revolver 259 135 The NPD Group, LP Senior Secured First Lien Debt Revolver 943 830 Trinity Air Consultants Holdings Corp. Senior Secured First Lien Debt Delayed Draw 3,001 1,350 Trinity Air Consultants Holdings Corp. Senior Secured First Lien Debt Revolver 857 857 Triple Lift, Inc. Senior Secured First Lien Debt Revolver 1,393 859 US Oral Surgery Management Holdco, LLC Senior Secured First Lien Debt Delayed Draw 2,176 585 US Oral Surgery Management Holdco, LLC Senior Secured First Lien Debt Delayed Draw 1,896 1,896 US Oral Surgery Management Holdco, LLC Senior Secured First Lien Debt Revolver 527 527 US Salt Investors, LLC Senior Secured First Lien Debt Revolver 934 934 Victors CCC Buyer, LLC Senior Secured First Lien Debt Delayed Draw 1,875 1,875 Victors CCC Buyer, LLC Senior Secured First Lien Debt Revolver 1,358 1,358 West Coast Dental Services, Inc. Senior Secured First Lien Debt Delayed Draw 1,448 1,448 West Coast Dental Services, Inc. Senior Secured First Lien Debt Revolver 1,087 978 Westwood Professional Services, Inc. Senior Secured First Lien Debt Delayed Draw 1,299 866 Westwood Professional Services, Inc. Senior Secured First Lien Debt Revolver 162 162 WHCG Purchaser III, Inc. Senior Secured First Lien Debt Delayed Draw 5,886 2,836 WHCG Purchaser III, Inc. Senior Secured First Lien Debt Revolver 1,821 1,106 WIN Holdings III Corp. Senior Secured First Lien Debt Revolver 1,908 1,908 Zendesk, Inc. Senior Secured First Lien Debt Delayed Draw 5,304 5,304 Zendesk, Inc. Senior Secured First Lien Debt Revolver 2,184 2,184 $ 138,815 $ 103,592 Litigation and Regulatory Matters In the ordinary course of business, the Company may become subject to litigation, claims, and regulatory matters. The Company has no knowledge of material legal or regulatory proceedings pending or known to be contemplated against the Company at this time. Indemnifications In the ordinary course of its business, the Company may enter into contracts or agreements that contain indemnifications or warranties. Future events could occur that lead to the execution of these provisions against the Company. Based on its history and experience, management feels that the likelihood of such an event is remote.

Economic Dependency

Economic Dependency	12 Months Ended
	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Economic Dependency	Economic Dependency Under various agreements, the Company has engaged or will engage the Adviser and its affiliates to provide certain services that are essential to the Company, including asset management services, asset acquisition and disposition decisions, the sale of shares of the Company’s common stock available for issuance, as well as other administrative responsibilities for the Company including accounting services and investor relations. As a result of these relationships, the Company is dependent upon the Adviser and its affiliates. In the event that these companies were unable to provide the Company with the respective services, the Company would be required to find alternative providers of these services.

Capital

Capital	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Capital	Capital Investor Commitments The following table summarizes the total capital commitments and unfunded capital commitments of Common Stock and Series A Preferred Stock as of December 31, 2023 and as of December 31, 2022: As of December 31, 2023 As of December 31, 2022 Capital Commitments Unfunded Capital Commitments Capital Commitments Unfunded Capital Commitments Common Stock $ 375,461 $ 900 $ 586,156 $ 221,281 Series A Preferred Stock 77,500 — 77,500 41,354 Total $ 452,961 $ 900 $ 663,656 $ 262,635 Capital Drawdowns The following tables summarizes the total shares issued and proceeds related to capital drawdowns of Common Stock for the year ended December 31, 2023: Share Issue Date Shares Issued Net Proceeds Received For the year ended December 31, 2023 March 27, 2023 532,871 $ 8,073 July 31, 2023 111,905 1,645 Total Capital Drawdowns 644,776 $ 9,718 The following tables summarizes the total shares issued and proceeds related to capital drawdowns of Common Stock for the year ended December 31, 2022: Share Issue Date Shares Issued Net Proceeds Received For the year ended December 31, 2022 May 27, 2022 1,653,439 $ 25,000 July 15, 2022 2,621,233 40,000 September 28, 2022 3,289,476 50,000 November 23, 2022 1,256,895 18,854 Total Capital Drawdowns 8,821,043 $ 133,854 The issuances of Common Stock described above were exempt from the registration requirements of the Securities Act, pursuant to Section 4(a)(2) thereof and Regulation D thereunder. The Company relied, in part, upon representations from investors in the relevant Subscription Agreements that each investor is an "accredited investor," as defined in Regulation D under the Securities Act. The following table summarizes the total shares issued and proceeds, net of offering costs related to capital drawdowns of Series A Preferred Stock year ended December 31, 2023: Share Issue Date Shares Issued Net Proceeds Received For the year ended December 31, 2023 March 27, 2023 41,353 $ 41,291 Total Capital Drawdowns 41,353 $ 41,291 The following table summarizes the total shares issued and proceeds, net of offering costs related to capital drawdowns of Series A Preferred Stock year ended December 31, 2022: Share Issue Date Shares Issued Net Proceeds Received For the year ended December 31, 2022 April 7, 2022 5,000 $ 4,993 July 15, 2022 10,000 9,985 November 23, 2022 16,147 16,123 Total Capital Drawdowns 31,147 $ 31,101 The following table reflects the net assets attributable to Common Stock activity for the years ended December 31, 2023, 2022, and 2021: Common stock - shares Common stock - par Additional paid in capital Total distributable earnings (loss) Total net assets attributable to common stock Balance as of December 31, 2020 100 $ — (1) $ 2 $ (414) $ (412) Net investment income (loss) — — — 4,143 4,143 Net realized gain (loss) from investment transactions — — — 618 618 Net change in unrealized appreciation (depreciation) on investments — — — 2,108 2,108 Issuance of common stock, net of issuance costs 15,208,778 15 231,004 — 231,019 Distributions to stockholders — — — (2,293) (2,293) Reinvested dividends 51,886 — 790 — 790 Tax adjustment — — (596) 596 — Balance as of December 31, 2021 15,260,764 $ 15 $ 231,200 $ 4,758 $ 235,973 Net investment income (loss) — — — 31,470 31,470 Net realized gain (loss) from investment transactions — — — 467 467 Net change in unrealized appreciation (depreciation) on investments — — — (8,737) (8,737) Accretion to redemption value of Series A redeemable convertible preferred stock — — — (3) (3) Accrual of Series A redeemable convertible preferred stock distributions — — — (1,367) (1,367) Distributions to common stockholders — — — (27,309) (27,309) Issuance of common stock, net of issuance costs 8,821,043 10 133,844 — 133,854 Reinvested dividends 527,325 — 8,073 — 8,073 Tax adjustment — — 2,440 (2,440) — Balance as of December 31, 2022 24,609,132 $ 25 $ 375,557 $ (3,161) $ 372,421 Net investment income (loss) — — — 53,575 53,575 Net realized gain (loss) from investment transactions — — — (987) (987) Net change in unrealized appreciation (depreciation) on investments — — — (7,809) (7,809) Accretion to redemption value of Series A redeemable convertible preferred stock — — — (17) (17) Accrual of Series A redeemable convertible preferred stock distributions — — — (7,615) (7,615) Distributions to common stockholders — — — (43,574) (43,574) Issuance of common stock, net of issuance costs 642,732 1 9,685 — 9,686 Reinvested dividends 828,525 0 (1) 12,439 — 12,439 Tax adjustment — — 2,651 (2,651) — Balance as of December 31, 2023 26,080,389 $ 26 $ 400,332 $ (12,239) $ 388,119 (1) Less than $1. The Company has adopted a distribution reinvestment plan (the “DRIP”) pursuant to which all cash dividends or distributions (“Distributions”) declared by the Board of Directors are reinvested on behalf of investors who do not elect to receive their Distributions in cash (the “Participants”). As a result, if the Board of Directors declares a Distribution, then stockholders who have not elected to “opt out” of the DRIP will have their Distributions automatically reinvested in additional shares of the Company's Common Stock at a price equal to net asset value (“NAV”) per share as estimated in good faith by the Company on the payment date. The timing and amount of Distributions to stockholders are subject to applicable legal restrictions and the sole discretion of the Board of Directors. The following table reflects the Common Stock activity for the year ended December 31, 2023: Shares Value Shares Sold 642,732 $ 9,686 Shares Issued through DRIP 828,525 12,439 1,471,257 $ 22,125 The following table reflects the Common Stock activity for the year ended December 31, 2022: Shares Value Shares Sold 8,821,043 $ 133,854 Shares Issued through DRIP 527,325 8,073 9,348,368 $ 141,927 The following table reflects the distributions declared on shares of the Company’s Common Stock during the year ended December 31, 2023: Date Declared Record Date Payment Date Amount Per Share For the Year Ended December 31, 2023 February 24, 2023 February 24, 2023 March 24, 2023 $0.43 April 27, 2023 April 27, 2023 May 5, 2023 $0.43 July 28, 2023 July 28, 2023 August 7, 2023 $0.43 November 8, 2023 November 8, 2023 November 16, 2023 $0.43 The following table reflects the distributions declared on shares of the Company’s Common Stock during the year ended December 31, 2022: Date Declared Record Date Payment Date Amount Per Share For the Year Ended December 31, 2022 February 4, 2022 January 31, 2022 February 22, 2022 $0.30 May 11, 2022 May 11, 2022 May 24, 2022 $0.39 July 28, 2022 July 28, 2022 August 5, 2022 $0.39 October 26, 2022 October 26, 2022 November 7, 2022 $0.39 The following table reflects the distributions declared on shares of the Company’s Series A Preferred Stock during the year ended December 31, 2023: Date Declared Record Date Payment Date Amount Per Share For the Year Ended December 31, 2023 February 24, 2023 February 24, 2023 March 24, 2023 $28.31 April 27, 2023 April 27, 2023 May 5, 2023 $28.35 July 28, 2023 July 28, 2023 August 7, 2023 $28.35 November 8, 2023 November 8, 2023 November 16, 2023 $28.35 The following table reflects the distributions declared on shares of the Company’s Series A Preferred Stock during the year ended December 31, 2022: Date Declared Record Date Payment Date Amount Per Share For the Year Ended December 31, 2022 February 4, 2022 January 31, 2022 February 22, 2022 $19.49 May 11, 2022 May 11, 2022 May 24, 2022 $25.28 July 28, 2022 July 28, 2022 August 5, 2022 $25.42 October 26, 2022 October 26, 2022 November 7, 2022 $25.42

Common Stock

Common Stock	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Common Stock	Capital Investor Commitments The following table summarizes the total capital commitments and unfunded capital commitments of Common Stock and Series A Preferred Stock as of December 31, 2023 and as of December 31, 2022: As of December 31, 2023 As of December 31, 2022 Capital Commitments Unfunded Capital Commitments Capital Commitments Unfunded Capital Commitments Common Stock $ 375,461 $ 900 $ 586,156 $ 221,281 Series A Preferred Stock 77,500 — 77,500 41,354 Total $ 452,961 $ 900 $ 663,656 $ 262,635 Capital Drawdowns The following tables summarizes the total shares issued and proceeds related to capital drawdowns of Common Stock for the year ended December 31, 2023: Share Issue Date Shares Issued Net Proceeds Received For the year ended December 31, 2023 March 27, 2023 532,871 $ 8,073 July 31, 2023 111,905 1,645 Total Capital Drawdowns 644,776 $ 9,718 The following tables summarizes the total shares issued and proceeds related to capital drawdowns of Common Stock for the year ended December 31, 2022: Share Issue Date Shares Issued Net Proceeds Received For the year ended December 31, 2022 May 27, 2022 1,653,439 $ 25,000 July 15, 2022 2,621,233 40,000 September 28, 2022 3,289,476 50,000 November 23, 2022 1,256,895 18,854 Total Capital Drawdowns 8,821,043 $ 133,854 The issuances of Common Stock described above were exempt from the registration requirements of the Securities Act, pursuant to Section 4(a)(2) thereof and Regulation D thereunder. The Company relied, in part, upon representations from investors in the relevant Subscription Agreements that each investor is an "accredited investor," as defined in Regulation D under the Securities Act. The following table summarizes the total shares issued and proceeds, net of offering costs related to capital drawdowns of Series A Preferred Stock year ended December 31, 2023: Share Issue Date Shares Issued Net Proceeds Received For the year ended December 31, 2023 March 27, 2023 41,353 $ 41,291 Total Capital Drawdowns 41,353 $ 41,291 The following table summarizes the total shares issued and proceeds, net of offering costs related to capital drawdowns of Series A Preferred Stock year ended December 31, 2022: Share Issue Date Shares Issued Net Proceeds Received For the year ended December 31, 2022 April 7, 2022 5,000 $ 4,993 July 15, 2022 10,000 9,985 November 23, 2022 16,147 16,123 Total Capital Drawdowns 31,147 $ 31,101 The following table reflects the net assets attributable to Common Stock activity for the years ended December 31, 2023, 2022, and 2021: Common stock - shares Common stock - par Additional paid in capital Total distributable earnings (loss) Total net assets attributable to common stock Balance as of December 31, 2020 100 $ — (1) $ 2 $ (414) $ (412) Net investment income (loss) — — — 4,143 4,143 Net realized gain (loss) from investment transactions — — — 618 618 Net change in unrealized appreciation (depreciation) on investments — — — 2,108 2,108 Issuance of common stock, net of issuance costs 15,208,778 15 231,004 — 231,019 Distributions to stockholders — — — (2,293) (2,293) Reinvested dividends 51,886 — 790 — 790 Tax adjustment — — (596) 596 — Balance as of December 31, 2021 15,260,764 $ 15 $ 231,200 $ 4,758 $ 235,973 Net investment income (loss) — — — 31,470 31,470 Net realized gain (loss) from investment transactions — — — 467 467 Net change in unrealized appreciation (depreciation) on investments — — — (8,737) (8,737) Accretion to redemption value of Series A redeemable convertible preferred stock — — — (3) (3) Accrual of Series A redeemable convertible preferred stock distributions — — — (1,367) (1,367) Distributions to common stockholders — — — (27,309) (27,309) Issuance of common stock, net of issuance costs 8,821,043 10 133,844 — 133,854 Reinvested dividends 527,325 — 8,073 — 8,073 Tax adjustment — — 2,440 (2,440) — Balance as of December 31, 2022 24,609,132 $ 25 $ 375,557 $ (3,161) $ 372,421 Net investment income (loss) — — — 53,575 53,575 Net realized gain (loss) from investment transactions — — — (987) (987) Net change in unrealized appreciation (depreciation) on investments — — — (7,809) (7,809) Accretion to redemption value of Series A redeemable convertible preferred stock — — — (17) (17) Accrual of Series A redeemable convertible preferred stock distributions — — — (7,615) (7,615) Distributions to common stockholders — — — (43,574) (43,574) Issuance of common stock, net of issuance costs 642,732 1 9,685 — 9,686 Reinvested dividends 828,525 0 (1) 12,439 — 12,439 Tax adjustment — — 2,651 (2,651) — Balance as of December 31, 2023 26,080,389 $ 26 $ 400,332 $ (12,239) $ 388,119 (1) Less than $1. The Company has adopted a distribution reinvestment plan (the “DRIP”) pursuant to which all cash dividends or distributions (“Distributions”) declared by the Board of Directors are reinvested on behalf of investors who do not elect to receive their Distributions in cash (the “Participants”). As a result, if the Board of Directors declares a Distribution, then stockholders who have not elected to “opt out” of the DRIP will have their Distributions automatically reinvested in additional shares of the Company's Common Stock at a price equal to net asset value (“NAV”) per share as estimated in good faith by the Company on the payment date. The timing and amount of Distributions to stockholders are subject to applicable legal restrictions and the sole discretion of the Board of Directors. The following table reflects the Common Stock activity for the year ended December 31, 2023: Shares Value Shares Sold 642,732 $ 9,686 Shares Issued through DRIP 828,525 12,439 1,471,257 $ 22,125 The following table reflects the Common Stock activity for the year ended December 31, 2022: Shares Value Shares Sold 8,821,043 $ 133,854 Shares Issued through DRIP 527,325 8,073 9,348,368 $ 141,927 The following table reflects the distributions declared on shares of the Company’s Common Stock during the year ended December 31, 2023: Date Declared Record Date Payment Date Amount Per Share For the Year Ended December 31, 2023 February 24, 2023 February 24, 2023 March 24, 2023 $0.43 April 27, 2023 April 27, 2023 May 5, 2023 $0.43 July 28, 2023 July 28, 2023 August 7, 2023 $0.43 November 8, 2023 November 8, 2023 November 16, 2023 $0.43 The following table reflects the distributions declared on shares of the Company’s Common Stock during the year ended December 31, 2022: Date Declared Record Date Payment Date Amount Per Share For the Year Ended December 31, 2022 February 4, 2022 January 31, 2022 February 22, 2022 $0.30 May 11, 2022 May 11, 2022 May 24, 2022 $0.39 July 28, 2022 July 28, 2022 August 5, 2022 $0.39 October 26, 2022 October 26, 2022 November 7, 2022 $0.39 The following table reflects the distributions declared on shares of the Company’s Series A Preferred Stock during the year ended December 31, 2023: Date Declared Record Date Payment Date Amount Per Share For the Year Ended December 31, 2023 February 24, 2023 February 24, 2023 March 24, 2023 $28.31 April 27, 2023 April 27, 2023 May 5, 2023 $28.35 July 28, 2023 July 28, 2023 August 7, 2023 $28.35 November 8, 2023 November 8, 2023 November 16, 2023 $28.35 The following table reflects the distributions declared on shares of the Company’s Series A Preferred Stock during the year ended December 31, 2022: Date Declared Record Date Payment Date Amount Per Share For the Year Ended December 31, 2022 February 4, 2022 January 31, 2022 February 22, 2022 $19.49 May 11, 2022 May 11, 2022 May 24, 2022 $25.28 July 28, 2022 July 28, 2022 August 5, 2022 $25.42 October 26, 2022 October 26, 2022 November 7, 2022 $25.42

Preferred Stock

Preferred Stock	12 Months Ended
	Dec. 31, 2023
Temporary Equity [Abstract]
Preferred Stock	Preferred Stock On August 25, 2021, the Company filed with the Secretary of State of the State of Delaware the Certificate of Designation for the Series A Preferred Stock, which designates a total of 50.0 million shares of preferred stock as Series A Preferred Stock, par value $0.001 per share. On the same day, the Company entered into subscription agreements (collectively, the “Preferred Subscription Agreements”) with certain investors, pursuant to which the investors made new capital commitments (the “Preferred Capital Commitments”) to purchase shares of the Company’s Series A Preferred Stock. As of December 31, 2023, the Company has received total Preferred Capital Commitments of $77.5 million. Pursuant to their respective Preferred Subscription Agreements, each investor is required to fund drawdowns to purchase shares of the Series A Preferred Stock up to the amount of their respective capital commitments on an as-needed basis, upon a minimum of 10 business days prior notice at a per-share price equal to the liquidation preference (the “Liquidation Preference”). The sale and issuance of shares of Series A Preferred Stock is exempt from the registration requirements of the Securities Act, pursuant to Section 4(a)(2) thereof and Regulation D thereunder. The Company shall rely, in part, upon representations from the Investors in the relevant Preferred Subscription Agreements that each Investor is an “accredited investor,” as defined in Regulation D under the Securities Act. As of December 31, 2023, there were 50.0 million shares of preferred stock authorized, par value $0.001 per share, of which 77,500 shares of Series A Preferred Stock were issued and outstanding. As of December 31, 2022, there were 50.0 million shares of preferred stock authorized, par value $0.001 per share, of which 36,147 shares of Series A Preferred Stock were issued and outstanding. No shares outstanding of Series A Preferred Stock are redeemable before December 31, 2026. Each holder of Series A Preferred Stock is entitled to a Liquidation Preference of $1,000.00 per share plus all dividends accrued and unpaid thereon. With respect to distributions, including the payment of dividends and distribution of the Company’s assets upon liquidation, dissolution, or winding-up, whether voluntary or involuntary, the Series A Preferred Stock will be senior to shares of Common Stock, will rank on parity with any other class or series of preferred stock that the Company is authorized to issue pursuant to its certificate of incorporation, whether such class or series is now existing or is created in the future, to the extent of the aggregate Liquidation Preference, which amount includes all accrued but unpaid dividends and will be subordinate to the rights of holders of our senior indebtedness. Dividends are payable on each outstanding share of Series A Preferred Stock quarterly in arrears at a rate equal to (1) for each fiscal quarter ending on or before September 30, 2022 (the “Initial Dividend Period”), the dividends that would have been paid in respect of each share of Series A Preferred Stock if it had been converted into a share of the Company’s Common Stock, on the first day of such quarter (or the date of issuance in the case of shares of Series A Preferred Stock issued after the first day of such quarter) at the applicable Conversion Rate (as defined below) and (2) for each quarter after the Initial Dividend Period, the greater of (i) an amount equal to $10.00 per share, subject to proration if such share is not outstanding for the full quarter, and (ii) the dividends that would have been paid in respect of such share of Series A Preferred Stock if it had been converted into a share of Common Stock on the first day of such quarter (or the date of issuance in the case of shares of Series A Preferred Stock issued after the first day of such quarter) at the applicable Conversion Rate. The Series A Preferred Stock is convertible (a) by the Company, in its sole discretion, at any time commencing on the closing date of a liquidity event, as defined by the Confidential Private Placement Memorandum of Franklin BSP Capital Corporation, dated September 2020, or (b) by the holders thereof at any time commencing six months following the closing date of a liquidity event, in each case, into the number of shares of Common Stock equal to (1) the Liquidation Preference divided by (2) the price paid by investors for shares of Common Stock at the time of the purchase of such share of Series A Preferred Stock or if the purchase of such share of Series A Preferred Stock did not occur concurrent with a sale of Common Stock by the Company at the net asset value per share of Common Stock determined within 48 hours (excluding Sundays and holidays) of the purchase of such share of Series A Preferred Stock (the “Conversion Rate”). The Company has the right to redeem the Series A Preferred Stock at any time, and from time to time, on or after August 23, 2029 upon 90 days prior notice to holders of Series A Preferred Stock. As of December 31, 2023 and 2022, a liquidity event had not commenced. The holders of the Preferred Stock are generally entitled to vote with the holders of the shares of Common Stock on all matters submitted for a vote to the common stockholders (voting together with the holders of shares of Common Stock as one class) on an as-converted basis, subject to certain limitations. The following table presents the activity in the Company’s Series A Preferred Stock for the year ended December 31, 2023: Series A Preferred Stock Shares Amount Beginning Balance, December 31, 2022 36,147 $ 36,093 Issuance of Preferred Stock 41,353 41,353 Offering costs — (65) Amortization of offering costs — 17 Ending Balance, December 31, 2023 77,500 $ 77,398 The following table presents the activity in the Company’s Series A Preferred Stock for the year ended December 31, 2022: Series A Preferred Stock Shares Amount Beginning Balance, December 31, 2021 5,000 $ 4,992 Issuance of Preferred Stock 31,147 31,147 Offering costs — (49) Amortization of offering costs — 3 Ending Balance, December 31, 2022 36,147 $ 36,093

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic and diluted earnings per share (“EPS”) are computed using the two-class method, which considers participating securities as a separate class of shares. The two-class method is an earnings allocation formula that determines EPS for common stock according to dividends distributed and participation rights in undistributed earnings. The Company’s participating securities consist of its Series A Preferred Stock. Basic earnings per share is computed by dividing earnings available to common stockholders, adjusted to exclude earnings allocated to participating securities, by the weighted average number of shares outstanding during the period. Other potentially dilutive shares, and the related impact to earnings, are considered when calculating earnings per share on a diluted basis. The following information sets forth the computation of the weighted average basic and diluted net increase in net assets per share resulting from operations for the years ended December 31, 2023, 2022, and 2021. For the year ended December 31, Numerator 2023 2022 2021 Net increase (decrease) in net assets resulting from operations $ 44,779 $ 23,200 $ 6,869 Less: cumulative preferred stock dividends (8,789) (2,297) — Less: changes in carrying value of redeemable securities (17) (3) — Numerator for EPS - income available to common stockholders $ 35,973 $ 20,900 $ 6,869 Denominator Weighted average common shares outstanding 25,464,652 18,679,387 5,301,096 Basic and diluted earnings per share $ 1.41 $ 1.12 $ 1.30

Distributions

Distributions	12 Months Ended
	Dec. 31, 2023
Distributed Earnings [Abstract]
Distributions	Capital Investor Commitments The following table summarizes the total capital commitments and unfunded capital commitments of Common Stock and Series A Preferred Stock as of December 31, 2023 and as of December 31, 2022: As of December 31, 2023 As of December 31, 2022 Capital Commitments Unfunded Capital Commitments Capital Commitments Unfunded Capital Commitments Common Stock $ 375,461 $ 900 $ 586,156 $ 221,281 Series A Preferred Stock 77,500 — 77,500 41,354 Total $ 452,961 $ 900 $ 663,656 $ 262,635 Capital Drawdowns The following tables summarizes the total shares issued and proceeds related to capital drawdowns of Common Stock for the year ended December 31, 2023: Share Issue Date Shares Issued Net Proceeds Received For the year ended December 31, 2023 March 27, 2023 532,871 $ 8,073 July 31, 2023 111,905 1,645 Total Capital Drawdowns 644,776 $ 9,718 The following tables summarizes the total shares issued and proceeds related to capital drawdowns of Common Stock for the year ended December 31, 2022: Share Issue Date Shares Issued Net Proceeds Received For the year ended December 31, 2022 May 27, 2022 1,653,439 $ 25,000 July 15, 2022 2,621,233 40,000 September 28, 2022 3,289,476 50,000 November 23, 2022 1,256,895 18,854 Total Capital Drawdowns 8,821,043 $ 133,854 The issuances of Common Stock described above were exempt from the registration requirements of the Securities Act, pursuant to Section 4(a)(2) thereof and Regulation D thereunder. The Company relied, in part, upon representations from investors in the relevant Subscription Agreements that each investor is an "accredited investor," as defined in Regulation D under the Securities Act. The following table summarizes the total shares issued and proceeds, net of offering costs related to capital drawdowns of Series A Preferred Stock year ended December 31, 2023: Share Issue Date Shares Issued Net Proceeds Received For the year ended December 31, 2023 March 27, 2023 41,353 $ 41,291 Total Capital Drawdowns 41,353 $ 41,291 The following table summarizes the total shares issued and proceeds, net of offering costs related to capital drawdowns of Series A Preferred Stock year ended December 31, 2022: Share Issue Date Shares Issued Net Proceeds Received For the year ended December 31, 2022 April 7, 2022 5,000 $ 4,993 July 15, 2022 10,000 9,985 November 23, 2022 16,147 16,123 Total Capital Drawdowns 31,147 $ 31,101 The following table reflects the net assets attributable to Common Stock activity for the years ended December 31, 2023, 2022, and 2021: Common stock - shares Common stock - par Additional paid in capital Total distributable earnings (loss) Total net assets attributable to common stock Balance as of December 31, 2020 100 $ — (1) $ 2 $ (414) $ (412) Net investment income (loss) — — — 4,143 4,143 Net realized gain (loss) from investment transactions — — — 618 618 Net change in unrealized appreciation (depreciation) on investments — — — 2,108 2,108 Issuance of common stock, net of issuance costs 15,208,778 15 231,004 — 231,019 Distributions to stockholders — — — (2,293) (2,293) Reinvested dividends 51,886 — 790 — 790 Tax adjustment — — (596) 596 — Balance as of December 31, 2021 15,260,764 $ 15 $ 231,200 $ 4,758 $ 235,973 Net investment income (loss) — — — 31,470 31,470 Net realized gain (loss) from investment transactions — — — 467 467 Net change in unrealized appreciation (depreciation) on investments — — — (8,737) (8,737) Accretion to redemption value of Series A redeemable convertible preferred stock — — — (3) (3) Accrual of Series A redeemable convertible preferred stock distributions — — — (1,367) (1,367) Distributions to common stockholders — — — (27,309) (27,309) Issuance of common stock, net of issuance costs 8,821,043 10 133,844 — 133,854 Reinvested dividends 527,325 — 8,073 — 8,073 Tax adjustment — — 2,440 (2,440) — Balance as of December 31, 2022 24,609,132 $ 25 $ 375,557 $ (3,161) $ 372,421 Net investment income (loss) — — — 53,575 53,575 Net realized gain (loss) from investment transactions — — — (987) (987) Net change in unrealized appreciation (depreciation) on investments — — — (7,809) (7,809) Accretion to redemption value of Series A redeemable convertible preferred stock — — — (17) (17) Accrual of Series A redeemable convertible preferred stock distributions — — — (7,615) (7,615) Distributions to common stockholders — — — (43,574) (43,574) Issuance of common stock, net of issuance costs 642,732 1 9,685 — 9,686 Reinvested dividends 828,525 0 (1) 12,439 — 12,439 Tax adjustment — — 2,651 (2,651) — Balance as of December 31, 2023 26,080,389 $ 26 $ 400,332 $ (12,239) $ 388,119 (1) Less than $1. The Company has adopted a distribution reinvestment plan (the “DRIP”) pursuant to which all cash dividends or distributions (“Distributions”) declared by the Board of Directors are reinvested on behalf of investors who do not elect to receive their Distributions in cash (the “Participants”). As a result, if the Board of Directors declares a Distribution, then stockholders who have not elected to “opt out” of the DRIP will have their Distributions automatically reinvested in additional shares of the Company's Common Stock at a price equal to net asset value (“NAV”) per share as estimated in good faith by the Company on the payment date. The timing and amount of Distributions to stockholders are subject to applicable legal restrictions and the sole discretion of the Board of Directors. The following table reflects the Common Stock activity for the year ended December 31, 2023: Shares Value Shares Sold 642,732 $ 9,686 Shares Issued through DRIP 828,525 12,439 1,471,257 $ 22,125 The following table reflects the Common Stock activity for the year ended December 31, 2022: Shares Value Shares Sold 8,821,043 $ 133,854 Shares Issued through DRIP 527,325 8,073 9,348,368 $ 141,927 The following table reflects the distributions declared on shares of the Company’s Common Stock during the year ended December 31, 2023: Date Declared Record Date Payment Date Amount Per Share For the Year Ended December 31, 2023 February 24, 2023 February 24, 2023 March 24, 2023 $0.43 April 27, 2023 April 27, 2023 May 5, 2023 $0.43 July 28, 2023 July 28, 2023 August 7, 2023 $0.43 November 8, 2023 November 8, 2023 November 16, 2023 $0.43 The following table reflects the distributions declared on shares of the Company’s Common Stock during the year ended December 31, 2022: Date Declared Record Date Payment Date Amount Per Share For the Year Ended December 31, 2022 February 4, 2022 January 31, 2022 February 22, 2022 $0.30 May 11, 2022 May 11, 2022 May 24, 2022 $0.39 July 28, 2022 July 28, 2022 August 5, 2022 $0.39 October 26, 2022 October 26, 2022 November 7, 2022 $0.39 The following table reflects the distributions declared on shares of the Company’s Series A Preferred Stock during the year ended December 31, 2023: Date Declared Record Date Payment Date Amount Per Share For the Year Ended December 31, 2023 February 24, 2023 February 24, 2023 March 24, 2023 $28.31 April 27, 2023 April 27, 2023 May 5, 2023 $28.35 July 28, 2023 July 28, 2023 August 7, 2023 $28.35 November 8, 2023 November 8, 2023 November 16, 2023 $28.35 The following table reflects the distributions declared on shares of the Company’s Series A Preferred Stock during the year ended December 31, 2022: Date Declared Record Date Payment Date Amount Per Share For the Year Ended December 31, 2022 February 4, 2022 January 31, 2022 February 22, 2022 $19.49 May 11, 2022 May 11, 2022 May 24, 2022 $25.28 July 28, 2022 July 28, 2022 August 5, 2022 $25.42 October 26, 2022 October 26, 2022 November 7, 2022 $25.42

Income Tax Information and Dist

Income Tax Information and Distributions to Stockholders	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Income Tax Information and Distributions to Stockholders	Income Tax Information and Distributions to Stockholders The Company has elected to be treated for federal income tax purposes as a RIC under the Code. Generally, a RIC is exempt from federal income taxes if it meets, certain quarterly asset diversification requirements, annual income tests, and distributes to stockholders its ‘‘investment company taxable income,’’ as defined in the Code, each taxable year. Distributions declared prior to the filing of the previous year's tax return and paid up to one year after the previous tax year can be carried back to the prior tax year for determining the distributions paid in such tax year. The Company intends to make sufficient distributions to maintain its RIC status each year. The Company may also be subject to federal excise taxes of 4%. A RIC is limited in its ability to deduct expenses in excess of its “investment company taxable income” (which is, generally, ordinary income plus net realized short-term capital gains in excess of net realized long-term capital losses). If the Company's expenses in a given taxable year exceed gross taxable income (e.g., as the result of large amounts of equity-based compensation), it would incur a net operating loss for that year. However, a RIC is not permitted to carry forward net operating losses to subsequent taxable years and such net operating losses do not pass through to the RIC’s stockholders. In addition, deductible expenses can be used only to offset investment company taxable income, not net capital gain. A RIC may not use any net capital losses (that is, realized capital losses in excess of realized capital gains) to offset the RIC’s investment company taxable income, but may carry forward such net capital losses, and use them to offset capital gains indefinitely. Due to these limits on the deductibility of expenses and net capital losses, the Company may for tax purposes have aggregate taxable income for several taxable years that it is required to distribute and that is taxable to stockholders even if such taxable income is greater than the aggregate net income the Company actually earned during those taxable years. Such required distributions may be made from the Company cash assets or by liquidation of investments, if necessary. The Company may realize gains or losses from such liquidations. In the event the Company realizes net capital gains from such transactions, the Company may make a larger capital gain distribution than it would have made in the absence of such transactions. Depending on the level of taxable income earned in a tax year, for excise tax purposes the Company may choose to carry forward taxable income in excess of current year distributions into the next tax year and incur a 4% U.S. federal excise tax on such income, as required. To the extent that the Company determines that its estimated current year annual taxable income will be in excess of estimated current year distributions, the Company accrues excise tax, if any, on estimated excess taxable income as taxable income is earned. The Company did not have any uncertain tax positions that met the recognition or measurement criteria of ASC 740-10-25, Income Taxes (“ASC Topic 740”), nor did the Company have any unrecognized tax benefits as of the periods presented herein. The Company’s current tax year, 2022, 2021, and 2020 federal and state tax returns remain subject to examination by the Internal Revenue Service and state departments of revenue. The tax character of distributions for the fiscal years ended December 31, 2023, 2022, and 2021 was as follows: For the year ended December 31, 2023* 2022 2021 Ordinary income distributions $ 50,918 99.5 % $ 28,676 100.0 % $ 2,293 100.0 % Capital gains distributions 271 0.5 — — — — Return of capital — — — — — — Total distributions $ 51,189 100.0 % $ 28,676 100.0 % $ 2,293 100.0 % * Includes 94.47% interest-related dividends. Interest-related dividends received by nonresident aliens and foreign corporations are generally eligible for exemption from U.S. withholding tax in accordance with Sections 871(k) of the Code. For the years ended December 31, 2023, 2022, and 2021, the reconciliation of net increase in net assets resulting from operations to taxable income is as follows: 2023 2022 2021 Book income (loss) from operating activities $ 37,147 $ 21,830 $ 6,869 Net unrealized (gain)/loss on investments 7,041 7,957 (2,108) Nondeductible expenses 131 313 — Temporary differences 5,077 (1,101) (50) Taxable income before deductions for distributions paid $ 49,396 $ 28,999 $ 4,711 For the years ended December 31, 2023, 2022, and 2021, the components of accumulated gain and losses on a tax basis were as follows: For the year ended December 31, 2023 2022 2021 Undistributed ordinary income $ 2,174 $ 3,586 $ 3,036 Undistributed long term gain (loss) 369 271 — Undistributed capital loss carryforward — — — Total undistributed net earnings (loss) 2,543 3,856 3,036 Net unrealized gain (loss) on investments (12,414) (4,604) 2,108 Other accumulated gain (loss) on investments (2,368) (388) (386) Total undistributed taxable income (loss) $ (12,239) $ (1,136) $ 4,758 As of December 31, 2023 and 2022, the Company did not have any short-term or long-term capital loss carryforwards. At December 31, 2023 and 2022, gross unrealized appreciation and gross unrealized depreciation based on cost for federal income tax purposes were as follows: December 31, 2023 December 31, 2022 Tax cost 767,011 786,984 Gross unrealized appreciation 6,733 5,071 Gross unrealized depreciation (19,147) (9,675) During the years ended December 31, 2023 and 2022, as a result of permanent book-to-tax differences, the Company made reclassifications among components of net assets as follows: Total distributable earnings (loss) Paid in capital 2023 $ (2,651) $ 2,651 2022 $ (2,440) $ 2,440 These differences primarily relate to non-deductible offering costs, nondeductible excise tax expenses and U.S. GAAP blocker income. Aggregate stockholders’ equity was not affected by this reclassification. Tax information for the fiscal year ended December 31, 2023 is an estimate and will not be finally determined until the Company files its 2023 tax return. As of December 31, 2023, the Company’s domestic subsidiary is expected to have a net operating loss and unrealized gain. As a result, the Company has a deferred tax asset of $6.0 million and a deferred tax liability of $(7.6) million. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that all or some portion of the deferred tax assets will not be realized. The future realization of the tax benefits of existing deductible temporary differences or carryforwards ultimately depend on the existence of sufficient taxable income in the carryback (if permitted under the tax law) and carryforward periods. The Company has concluded future reversal of existing taxable temporary differences is sufficient to support a conclusion that a valuation allowance is not necessary as of December 31, 2023. As a result, no valuation allowance for the deferred tax assets is necessary. As of December 31, 2022, the Company’s domestic subsidiary had a net operating loss and unrealized gain. As a result, the Company had a deferred tax asset of $2.9 million and a deferred tax liability of $(3.7) million. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that all or some portion of the deferred tax assets will not be realized. The future realization of the tax benefits of existing deductible temporary differences or carryforwards ultimately depend on the existence of sufficient taxable income in the carryback (if permitted under the tax law) and carryforward periods. The Company has concluded future reversal of existing taxable temporary differences is sufficient to support a conclusion that a valuation allowance is not necessary as of December 31, 2022. As a result, no valuation allowance for the deferred tax assets is necessary. The deferred tax asset valuation allowance, if applicable, has been determined pursuant to the provisions of ASC Topic 740, including the Company's estimation of future taxable income, if necessary, and is adequate to reduce the total deferred tax asset to an amount that will more likely than not be realized.

Financial Highlights

Financial Highlights	12 Months Ended
	Dec. 31, 2023
Investment Company [Abstract]
Financial Highlights	Financial Highlights The Company commenced investing operations on January 7, 2021. Net asset value attributable to common stock, at the beginning of the period from January 7, 2021 to December 31, 2021 represents the initial price per share issued on that date. The following is a schedule of financial highlights for the years ended December 31, 2023 and 2022, and for the period from January 7, 2021 to December 31, 2021: For the year ended December 31, For the period from January 7, 2021 to December 31, 2023 2022 2021 Per share data: Net asset value attributable to common stock, beginning of period $ 15.13 $ 15.46 $ 15.00 Results of operations (1) Net investment income (loss) 2.11 1.68 0.78 Net realized and unrealized gain (loss) on investments, net of change in deferred taxes (0.28) (0.44) 0.52 Net realized loss on extinguishment of debt (0.06) — — Net increase (decrease) in net assets resulting from operations attributable to common stockholders and participating securities 1.77 1.24 1.30 Accretion to redemption value of Series A redeemable convertible preferred stock (1)(9) — — — Accrual of Series A redeemable convertible preferred stock distributions (1) (0.30) (0.07) — Net increase (decrease) in net assets resulting from operations attributable to common stockholders 1.47 1.17 1.30 Stockholder distributions (2) Common stockholder distributions from net investment income (1.71) (1.47) (0.30) Common stockholder distributions from capital gains (0.01) — — Net decrease in net assets resulting from stockholder distributions (1.72) (1.47) (0.30) Other (3) — (0.03) (0.54) Net asset value attributable to common stock, end of period $ 14.88 $ 15.13 $ 15.46 Common shares outstanding at end of period 26,080,389 24,609,132 15,260,764 Total return (4) 10.12 % 7.62 % 3.08 % Ratio/Supplemental data attributable to common stock: Total net assets attributable to common stock, end of period $ 388,119 $ 372,421 $ 235,973 Ratio of net investment income to average net assets attributable to common stock 13.97 % 10.80 % 3.49 % Ratio of total expenses to average net assets attributable to common stock (5) 12.73 % 10.15 % 7.76 % Ratio of incentive fees to average net assets attributable to common stock (6) 2.01 % 1.48 % 0.93 % Ratio of net expenses to average net assets attributable to common stock (7) 10.72 % 8.67 % 6.83 % Ratio of debt related expenses to average net assets attributable to common stock 8.12 % 5.99 % 2.98 % Portfolio turnover rate (8) 9.93 % 9.03 % 3.46 % (1) The per share data was derived by using the weighted average common shares outstanding during the period. (2) The per share data for distributions reflects the actual amount of distributions declared per share during the period. (3) Represents the impact of calculating certain per share amounts based on weighted average common shares outstanding during the period and certain per share amounts based on common shares outstanding as of period end. (4) Total return is calculated assuming a purchase of shares of Common Stock at the current net asset value attributable to Common Stock on the first day and a sale at the current net asset value attributable to Common Stock on the last day of the periods reported. Common Stock distributions, if any, are assumed for purposes of this calculation to be reinvested at prices obtained under the DRIP. Total return is not annualized. (5) Ratio of total expenses to average net assets attributable to common stock is calculated using total operating expenses, including income tax expense over average net assets attributable to common stock. (6) Represents gross incentive fees, prior to any incentive fee waivers. Incentive fees for the first twelve calendar quarters are waived, refer to Note 4 - Related Party Transactions for additional details. (7) Ratio of net expenses to average net assets attributable to common stock is calculated using total operating expenses, including income tax expense, less applicable waivers over average net assets attributable to common stock. (8) Portfolio turnover rate is calculated using the lesser of year-to-date purchases or sales over the average of the invested assets at fair value. (9) Rounds to less than $0.01 per share.

Schedules of Investments and Ad

Schedules of Investments and Advances to Affiliates	12 Months Ended
	Dec. 31, 2023
Investments in and Advances to Affiliates [Abstract]
Schedules of Investments and Advances to Affiliates	Schedules of Investments and Advances to Affiliates The following table presents the Schedule of Investments and Advances to Affiliates for the year ended December 31, 2023: Portfolio Company (1) Type of Asset Amount of dividends and interest included in income Beginning Fair Value at December 31, 2022 Gross additions* Gross reductions** Realized Gain/(Loss) Change in Unrealized Gain (Loss) Fair Value at December 31, 2023 Control Investments Post Road Equipment Finance, LLC (2) Equity/Other $ 2,700 $ 30,742 $ 1,883 $ — $ — $ (25) $ 32,600 Post Road Equipment Finance, LLC (2) Subordinated Debt 1,237 6,914 5,029 (987) — 44 11,000 Post Road Equipment Finance, LLC (2) Subordinated Debt 3,205 24,500 11 — — (11) 24,500 Total Control Investments $ 7,142 $ 62,156 $ 6,923 $ (987) $ — $ 8 $ 68,100 —–—–—–—–—– * Gross additions include increases in the cost basis of investments resulting from new portfolio investments, PIK interest or dividends, 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. ** 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. (1) The principal/share amount and ownership detail are shown in the consolidated schedules of investments. (2) The fair value of investments with respect to securities for which market quotations are not readily available is determined in good faith by the Company's Board of Directors as required by the 1940 Act. Such investments are valued using significant unobservable inputs (See Note 3 to the consolidated financial statements). The following table presents the Schedule of Investments and Advances to Affiliates for the year ended December 31, 2022: Portfolio Company (1) Type of Asset Amount of dividends and interest included in income Beginning Fair Value at December 31, 2021 Gross additions* Gross reductions** Realized Gain/(Loss) Change in Unrealized Gain Fair Value at December 31, 2022 Control Investments Encina Equipment Finance, LLC (2) Equity/Other $ 2,698 $ 30,742 $ — $ 35 $ — $ (35) $ 30,742 Encina Equipment Finance, LLC (2) Subordinated Debt 409 — 6,914 — — — 6,914 Encina Equipment Finance, LLC (2) Subordinated Debt 2,493 24,412 10 — — 78 24,500 Total Control Investments $ 5,600 $ 55,154 $ 6,924 $ 35 $ — $ 43 $ 62,156 Affiliate Investments Jakks Pacific, Inc. (2) (3) Equity/Other $ 4 $ 116 $ 5 $ (121) $ — $ — $ — Total Affiliate Investments $ 4 $ 116 $ 5 $ (121) $ — $ — $ — —–—–—–—–—– * Gross additions include increases in the cost basis of investments resulting from new portfolio investments, PIK interest or dividends, 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. ** 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. (1) The principal/share amount and ownership detail are shown in the consolidated schedules of investments. (2) The fair value of investments with respect to securities for which market quotations are not readily available is determined in good faith by the Company's Board of Directors as required by the 1940 Act. Such investments are valued using significant unobservable inputs (See Note 3 to the consolidated financial statements). (3) Includes $4 of interest income from Jakks Pacific, Inc. subordinated debt.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events In preparing these financial statements, the Company’s management has evaluated events and transactions for potential recognition or disclosure through the date the financial statements were issued. Distribution Declarations On January 9, 2024, the Board of Directors declared a distribution of $0.43 per share of Common Stock, which was paid on January 11, 2024 to stockholders of record as of January 10, 2024. On January 9, 2024, the Board of Directors declared a distribution of $28.35 per share of Series A Preferred Stock, which was paid on January 11, 2024 to stockholders of record as of January 10, 2024. Merger On January 24, 2024, the Company completed its previously announced acquisition of FBLC. Pursuant to the Merger Agreement, Merger Sub was first merged with and into FBLC, with FBLC continuing as the surviving company, and, immediately following the Merger, FBLC was then merged with and into the Company, with the Company continuing as the surviving company. In accordance with the terms of the Merger Agreement, at the Effective Time, each outstanding share of FBLC's common stock was converted into the right to receive 0.4647 shares of the Company's common stock. As a result of the Mergers, the Company issued an aggregate of 110.0 million shares of its common stock to FBLC stockholders. The Mergers will be accounted for as an asset acquisition of FBLC by the Company in accordance with the asset acquisition method of accounting as detailed in ASC 805-50, Business Combinations – Related Issues, with the fair value of total consideration paid in conjunction with the Mergers allocated to the assets acquired and liabilities assumed based on their relative fair values as of the date of the Mergers. Generally, under asset acquisition accounting, acquiring assets in groups not only requires ascertaining the cost of the asset (or net assets), but also allocating that cost to the individual assets (or individual assets and liabilities) that make up the group. The cost of the group of assets acquired in an asset acquisition is allocated to the individual assets acquired or liabilities assumed based on their relative fair values of net identifiable assets acquired other than certain “non-qualifying” assets (for example cash) and does not give rise to goodwill. The Company will be the accounting survivor of the Mergers. Amended and Restated Investment Advisory Agreement On October 2, 2023, the Company's Board of Directors approved an amendment and restatement (the “Amended and Restated Investment Advisory Agreement”) of the Investment Advisory Agreement, which went into effect on January 24, 2024 in connection with the consummation of the Mergers. Under the Amended and Restated Advisory Agreement, effective upon the closing of the Mergers, (i) the base management fee will increase to an annual rate of 1.50% of the Company’s average gross assets, provided, that the base management fee will be calculated at an annual rate of 1.00% of the Company’s average gross assets purchased with borrowed funds above 1.0x debt-to-equity (equivalent to $1.0 of debt outstanding for each $1.0 of equity), (ii) the incentive fee on income will increase to a catch-up of 1.8175% (7.27% annualized), 17.5% of the amount of the Company’s pre-incentive fee net investment income, if any, that exceeds the catch-up, with the preferred return to investors each quarter remaining the same as under the Investment Advisory Agreement, and (iii) the incentive fee on capital gains will increase to 17.5% of the Company’s incentive fee capital gains calculated as under the Investment Advisory Agreement for periods ending after the date of the Amended and Restated Advisory Agreement, on a cumulative basis from the date of the Company’s election to be regulated as a BDC. The fees payable under the Amended and Restated Advisory Agreement are calculated in the same manner as the post-Liquidity Event (as defined in the Investment Advisory Agreement) calculation of the base management fee payable under the Investment Advisory Agreement. None of the other material terms will change in the Amended and Restated Advisory Agreement as compared to the Investment Advisory Agreement, including the services to be provided.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Pay vs Performance Disclosure
Net increase (decrease) in net assets resulting from operations	$ 44,779	$ 23,200	$ 6,869

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 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 - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Jan. 06, 2021
Cover [Abstract]
Entity Central Index Key	0001825248
Amendment Flag	false
Securities Act File Number	814-01360
Document Type	10-K
Entity Registrant Name	FRANKLIN BSP CAPITAL CORPORATION
Entity Address, Address Line One	9 West 57th Street
Entity Address, Address Line Two	Suite 4920
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10019
City Area Code	212
Local Phone Number	588-6770
Entity Well-known Seasoned Issuer	No
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
General Description of Registrant [Abstract]
Investment Objectives and Practices [Text Block]	The Company’s investment objective is to generate both current income capital and capital appreciation through debt and equity investments. The Company invests primarily in first and second lien senior secured loans, and to a lesser extent, mezzanine loans, unsecured loans and equity of predominantly private U.S. middle market companies. The Company defines middle market companies as those with EBITDA of between $25 million and $100 million annually, although the Company may invest in larger or smaller companies. The Company also may purchase interests in loans or corporate bonds through secondary market transactions.
Risk Factors [Table Text Block]	RISK FACTORS Investing in our securities involves a high degree of risk. Before making an investment in the Company, you should carefully consider the following risk factors. The risks and uncertainties set forth below are not the only risks and uncertainties that we face. Additional risks and uncertainties not presently known to us or that we currently deem to be immaterial may also impair our business operations. If any of the following risks were to occur, our business or financial condition could be materially adversely affected. In such case, the NAV of our Common Stock could decline, and you may lose all or part of your investment. RISKS RELATED TO OUR ADVISER AND ITS AFFILIATES We may be obligated to pay our Adviser incentive compensation even if we incur a net loss due to a decline in the value of our portfolio. The Amended and Restated Investment Advisory Agreement entitles our Adviser to receive incentive compensation on income regardless of any capital losses. In such case, we may be required to pay our Adviser incentive compensation for a fiscal quarter even if there is a decline in the value of our portfolio or if we incur a net loss for that quarter. We expect that any incentive fee payable by us that relates to our net investment income may be computed and paid on income that may include interest that has been accrued but not yet received. If a portfolio company defaults on a loan that is structured to provide accrued interest, it is possible that accrued interest previously included in the calculation of the incentive fee will become uncollectible. Pursuant to the Amended and Restated Investment Advisory Agreement, our Adviser will not be under any obligation to reimburse us for any part of the incentive fee it received that was based on accrued income that we never received as a result of a default by an entity on the debt instrument that resulted in the accrual of such income, and such circumstances would result in our paying an incentive fee on income we never received. Moreover, to the extent that we are required to recognize in our taxable income such interest income that has been accrued but not yet paid, our payment of incentive fees to the Adviser on such income may make it difficult to meet (or may further amplify existing difficulties in meeting) the Annual Distribution Requirement necessary to maintain RIC tax treatment under the Code. As a result, we may have to sell some of our investments at times and/or at prices we would not consider advantageous, raise additional debt or equity capital or, forgo new investment opportunities for this purpose. If we are not able to obtain cash from other sources, we may fail to qualify for RIC tax treatment and thus become subject to corporate-level U.S. Federal income tax. For additional discussion regarding the tax implications of a RIC, see “U.S. Federal Income Tax Risks — We may be subject to corporate-level U.S. federal taxes if we fail to maintain our qualification as a RIC.” The time and resources that individuals and the executive officers of our Adviser devote to us may be diverted and we may face additional competition due to the fact that neither our Adviser nor its affiliates are prohibited from raising money for or managing another entity that makes the same types of investments that we target. Affiliates and executive officers of the Adviser currently manage other investment entities and are not prohibited from raising money for and managing future investment entities that make the same types of investments as those we target. As a result, the time and resources that the executive officers and individuals employed by the Adviser and its affiliates devote to us may be diverted, and during times of intense activity in other areas of business, they may devote less time and resources to our business than is necessary or appropriate. There are significant potential conflicts of interest that could impact our investment returns. We pay management and incentive fees to our Adviser and reimburse our Adviser for certain expenses it incurs on our behalf. In addition, investors in our Common Stock invest on a gross basis and receive distributions on a net basis after expenses, resulting in a lower rate of return than one might achieve through direct investments. The part of the incentive fee payable by us that relates to our pre-incentive fee net investment income is computed and paid on income that may include interest that is accrued but not yet received in cash. If a portfolio company defaults on a loan that is structured to provide accrued interest, it is possible that accrued interest previously used in the calculation of the incentive fee will become uncollectible which could affect our financial condition, business, and results of operations. Our fee structure may induce our Adviser to make speculative investments or incur debt. The incentive fee payable by us to our Adviser may create an incentive for it to make investments on our behalf that are risky or more speculative than would be the case in the absence of such compensation arrangement. The way in which this incentive fee is determined may encourage the Adviser to use leverage to increase the return on our investments. In addition, the fact that our management fee is payable based upon our gross assets, which would include any borrowings for investment purposes, may encourage our Adviser to use leverage to make additional investments. Under certain circumstances, the use of leverage may increase the likelihood of default, which would disfavor holders of our Common Stock. Such a practice could result in our investing in more speculative securities than would otherwise be the case, which could result in higher investment losses, particularly during cyclical economic downturns. In selecting and structuring investments appropriate for us, our Adviser will consider our investment and tax objectives and those of our stockholders as a whole, not the investment, tax or other objectives of any stockholder individually. Our stockholders may have conflicting investment, tax, and other objectives with respect to their investments in us. The conflicting interests of individual stockholders may relate to or arise from, among other things, the nature of our investments, the structure or the acquisition of our investments, and the timing of the disposition of our investments. As a consequence, conflicts of interest may arise in connection with decisions made by our Adviser, including with respect to the nature or structuring of our investments, that may be more beneficial for one stockholder than for another stockholder, especially with respect to stockholders’ individual tax situations. Our Adviser can resign on 60 days’ notice, and we may not be able to find a suitable replacement within that time, resulting in a disruption in our operations that could adversely affect our financial condition, business, and results of operations. Our Adviser has the right to resign under the Amended and Restated Investment Advisory Agreement at any time upon not less than 60 days’ written notice, whether we have found a replacement or not. If our Adviser were to resign, we may not be able to find a new investment adviser or hire internal management with similar expertise and ability to provide the same or equivalent services on acceptable terms within 60 days, or at all. If we are unable to do so quickly, our operations are likely to experience a disruption, our business, financial condition, results of operations, and cash flows as well as our ability to pay distributions are likely to be adversely affected and the market price of our shares may decline. In addition, the coordination of our internal management and investment activities is likely to suffer if we are unable to identify and reach an agreement with a single institution or group of executives having the expertise possessed by our Adviser and its affiliates. Even if we are able to retain comparable management, whether internal or external, the integration of such management and their lack of familiarity with our investment objective may result in additional costs and time delays that may adversely affect our business, financial condition, results of operations, and cash flows. Our Administrator can resign on 60 days’ notice, and we may not be able to find a suitable replacement, resulting in a disruption in our operations that could adversely affect our financial condition, business, and results of operations. Our Administrator has the right to resign under the Administration Agreement at any time upon not less than 60 days’ written notice, whether we have found a replacement or not. If our Administrator resigns, we may not be able to find a new administrator or hire internal management with similar expertise and ability to provide the same or equivalent services on acceptable terms, or at all. If we are unable to do so quickly, our operations are likely to experience a disruption, our financial condition, business, and results of operations as well as our ability to pay distributions are likely to be adversely affected and the market price of our shares may decline. In addition, the coordination of our internal management and administrative activities is likely to suffer if we are unable to identify and reach an agreement with a service provider or individuals with the expertise possessed by our Administrator. Even if we are able to retain a comparable service provider or individuals to perform such services, whether internal or external, their integration into our business and lack of familiarity with our investment objective may result in additional costs and time delays that may adversely affect our business, financial condition, results of operations and cash flows. RISKS RELATED TO BUSINESS DEVELOPMENT COMPANIES Our failure to invest a sufficient portion of our assets in qualifying assets could result in our failure to maintain our status as a BDC. As a BDC, we may not acquire any assets other than “qualifying assets” unless, at the time of and after giving effect to such acquisition, at least 70% of our total assets are qualifying assets. See “Item 1. Business — Regulation as a Business Development Company.” Therefore, we may be precluded from investing in what we believe are attractive investments if such investments are not qualifying assets. We may also be required to re-classify investments previously identified as qualifying assets as non-qualifying assets due to a change in the underlying business, a change in law or regulation, or for other reasons. Similarly, these rules could prevent us from making additional investments in existing portfolio companies, which could result in the dilution of our position, or could require us either to dispose of investments at an inopportune time or to refrain from making additional investments to comply with the 1940 Act. If we were forced to sell non-qualifying investments in our portfolio for compliance purposes, the proceeds from such sales could be significantly less than the current value of such investments. Failure to maintain our status as a BDC would reduce our operating flexibility. If we do not remain a BDC, we might be regulated as a registered closed-end investment company under the 1940 Act, which would subject us to substantially more regulatory restrictions under the 1940 Act and correspondingly decrease our operating flexibility. Regulations governing our operation as a BDC and RIC will affect our ability to raise, and the way in which we raise, additional capital or borrow for investment purposes, which may have a negative effect on our growth. We may need to access the capital markets periodically to raise cash to fund new investments. We may also issue “senior securities,” including borrowing money from banks or other financial institutions, in amounts such that our asset coverage, as defined in the 1940 Act, equals at least 150% after such incurrence or issuance. Our ability to issue different types of securities is also limited. Compliance with these requirements may unfavorably limit our investment opportunities and reduce our ability compared to other companies to profit from favorable spreads between the rates at which we can borrow and the rates at which we can lend. As a BDC, therefore, we intend to continuously issue equity at a rate more frequent than our privately owned competitors, which may lead to greater stockholder dilution. We have incurred leverage to generate capital to make additional investments. If the value of our assets declines, we may be unable to satisfy the asset coverage test under the 1940 Act, which could prohibit us from paying distributions and could prevent us from being subject to tax as a RIC. If we cannot satisfy the asset coverage test, we may be required to sell a portion of our investments and, depending on the nature of our debt financing, repay a portion of our indebtedness at a time when such sales and repayments may be disadvantageous. As of December 31, 2023, our asset coverage calculated in accordance with the 1940 Act was 197%. Under the 1940 Act, we generally are prohibited from issuing or selling our Common Stock at a price per share, after deducting selling commissions and dealer manager fees, that is below NAV per share, which may be a disadvantage as compared to other public companies. We may, however, sell our Common Stock, or warrants, options or rights to acquire our Common Stock, at a price below the then current NAV of our Common Stock if (1) our Board of Directors and independent directors determine that such sale is in our best interests and the best interests of our stockholders, and (2) our stockholders in general, as well as those stockholders that are not affiliated with us approve such sale. In any such case, the price at which our securities are to be issued and sold may not be less than a price that, in the determination of our Board of Directors, closely approximates the fair value of such securities. Our ability to enter into transactions with our affiliates is restricted. The 1940 Act generally prohibits BDCs from entering into negotiated co-investments with affiliates absent an order from the SEC. Unless otherwise provided in the allocation policy, if an investment opportunity is appropriate for both us and other investment funds, the investment opportunity requires more than the price to be negotiated and cannot be effected pursuant to the terms of the co-investment exemptive order, the investment opportunity will be made available to the other investment fund or us on an alternating basis based on the date of closing of each such investment opportunity and each fund’s available capital. As a result, the Adviser and/or its affiliates may face conflicts in allocating investment opportunities between us and such other entities. Although the Adviser and its affiliates will endeavor to allocate investment opportunities in a fair and equitable manner and consistent with applicable allocation procedures, it is possible that, in the future, we may not be given the opportunity to participate in investments made by investment funds managed by the Adviser or its affiliates. Affiliates of our Adviser received exemptive relief from the SEC that permits us greater flexibility to negotiate the terms of co-investments if our Board of Directors determines that it would be advantageous for us to co-invest with other accounts sponsored or managed by the Adviser or its affiliates in a manner consistent with our investment objectives, positions, policies, strategies, and restrictions as well as regulatory requirements and other pertinent factors. Under the terms of this exemptive relief, a “required majority” (as defined in Section 57(o) of the 1940 Act) of our eligible directors is required to make certain conclusions in connection with a co-investment transaction, including that (1) the terms of the proposed transaction are reasonable and fair to us and our stockholders and do not involve overreaching in respect of us or our stockholders on the part of any person concerned and (2) the transaction is consistent with the interests of our stockholders and is consistent with our investment strategies and policies. We believe that co-investment by us and accounts sponsored or managed by the Adviser and its affiliates affords us additional investment opportunities and an ability to build a diverse portfolio. We are uncertain of our sources for funding our future capital needs; if we cannot obtain debt or equity financing on acceptable terms, our ability to acquire investments and to expand our operations will be adversely affected. The net proceeds from offerings of our Common Stock will be used for our investment opportunities, operating expenses, and for payment of various fees and expenses such as management fees, incentive fees, and other fees. Any working capital reserves we maintain may not be sufficient for investment purposes, and we may require debt or equity financing to operate. In order to maintain our RIC tax treatment we must distribute to our stockholders on a timely basis generally an amount equal to at least 90% of our investment company taxable income, determined without regard to any deduction for dividends paid, and the amounts of such distributions will therefore not be available to fund investment originations or to repay maturing debt. In addition, with certain limited exceptions, we are only allowed to borrow amounts or issue debt securities or preferred stock, which we refer to collectively as “senior securities,” such that our asset coverage, as calculated pursuant to the 1940 Act, equals at least 150% immediately after such borrowing, which, in certain circumstances, may restrict our ability to borrow or issue debt securities or preferred stock. Accordingly, in the event that we develop a need for additional capital in the future for investments or for any other reason, these sources of funding may not be available to us. Consequently, if we cannot obtain debt or equity financing on acceptable terms, our ability to acquire investments and to expand our operations will be adversely affected. As a result, we would be less able to achieve portfolio diversification and our investment objective, which may negatively impact our results of operations and reduce our ability to pay distributions to our stockholders. RISKS RELATED TO OUR INVESTMENTS Our investments in portfolio companies may be risky, and we could lose all or part of our investment. We invest primarily in first and second lien senior secured loans and mezzanine debt and selected equity investments issued by middle market companies. Senior Secured Loans. When we make a senior secured loan to a portfolio company, it will generally take a security interest in the available assets of the portfolio company, including the equity interests of its subsidiaries, which could help mitigate the risk that we will not be repaid. However, there is a risk that the collateral securing our loans may decrease in value over time, may be difficult to sell in a timely manner, may be difficult to appraise, and may fluctuate in value based upon the success of the business and market conditions, including as a result of the inability of the portfolio company to raise additional capital. In some circumstances, our lien could be subordinated to claims of other creditors. In addition, deterioration in a portfolio company’s financial condition and prospects, including its inability to raise additional capital, may be accompanied by deterioration in the value of the collateral for the loan. Consequently, the fact that a loan is secured does not guarantee that we will receive principal and interest payments according to the loan’s terms, or at all, or that we will be able to collect on the loan should it be forced to enforce its remedies. Second Lien, or Other Subordinated Loans or Debt. We may invest in second lien or other subordinated loans. In the event of a loss of value of the underlying assets that collateralize the loans, the subordinate portions of the loans may suffer a loss prior to the more senior portions suffering a loss. If a borrower defaults and lacks sufficient assets to satisfy our loan, we may suffer a loss of principal or interest. If a borrower declares bankruptcy, we may not have full recourse to the assets of the borrower, or the assets of the borrower may not be sufficient to satisfy the loan. Issuers of subordinated debt obligations may be highly leveraged and may not have available to them more traditional sources of financing. During an economic downturn or a sustained period of rising interest rates, such issuers may be more likely to experience financial stress and may be unable to meet their obligations. In addition, certain of our loans may be subordinate to other debt of the borrower. As a result, if a borrower defaults on our loan or on debt senior to our loan, or in the event of the bankruptcy of a borrower, our loan will be satisfied only after all senior debt is paid in full. The Adviser’s ability to amend the terms of our loans, assign our loans, accept prepayments, exercise our remedies (through “standstill periods”) and control decisions made in bankruptcy proceedings relating to borrowers may be limited by intercreditor arrangements if debt senior to our loans exists. Unsecured Loans or Debt. We may invest in unsecured loans which are not secured by collateral. In the event of default on an unsecured loan, the first priority lien holder has first claim to the underlying collateral of the loan. It is possible that no collateral value would remain for an unsecured holder and therefore result in a loss of investment to us. Because unsecured loans are lower in priority of payment to secured loans, they are subject to the additional risk that the cash flow of the borrower may be insufficient to meet scheduled payments after giving effect to the secured obligations of the borrower. Unsecured loans generally have greater price volatility than secured loans and may be less liquid. Middle Market Companies. We will invest in the debt obligations or securities of middle market and/or less well-established companies. While middle market companies may have potential for rapid growth, they often involve higher risks. Middle market companies have more limited financial resources than larger companies and may be unable to meet their obligations under their debt securities that we hold, which may be accompanied by a deterioration in the value of any collateral and a reduction in the likelihood of us realizing any guarantees it may have obtained in connection with our investment. Middle market companies also typically have shorter operating histories, narrower product lines and smaller market shares than larger businesses, which tend to render them more vulnerable to competitors’ actions and market conditions, as well as general economic downturns. Less publicly available information may be available about these companies and they may not be subject to the financial and other reporting requirements applicable to public companies. They are more likely to depend on the management talents and efforts of a small group of persons; therefore, the death, disability, resignation or termination of one or more of these persons could have a material adverse impact on the company and, in turn, on us. Middle market companies may also have less predictable operating results and may require substantial additional capital to support their operations, finance expansion or maintain their competitive position. They may also have difficulty accessing the capital markets to meet future capital needs, which may limit their ability to grow or to repay their outstanding indebtedness upon maturity. Middle market loans may also be subject to greater illiquidity if they are privately negotiated or syndicated in comparison to publicly traded instruments or, if such instruments are publicly traded, there may be smaller relative trading volumes. Investments in Privately Held Companies. While not a primary strategy of ours, we may acquire controlling or minority equity stakes in privately held companies, which may occur, among other ways, by reason of converting debt into equity. The success of our investments in privately held companies that it controls will depend in part on the Adviser’s ability to develop plans and strategies to exploit new business opportunities for such companies as well as the Adviser’s ability to restructure and effect improvements in the operations of such companies. The activity of developing such plans and strategies and of identifying and implementing operational improvements at portfolio companies entails a high degree of uncertainty. There can be no assurance that we will be able to successfully identify and implement such plans, strategies or improvements. To the extent that we own a controlling stake in, or is deemed an affiliate of, a particular company, it may also be subject to certain additional bankruptcy or securities laws restrictions that could affect both the liquidity of our interest and our ability to liquidate our interest without adversely impacting the price thereof, including insider trading restrictions, the affiliate sale restrictions of Rule 144 of the Securities Act and the disclosure requirements of Sections 13 and 16 of the Exchange Act. The exercise of control over a company, depending upon the amount and type of securities owned by us, contractual arrangements between the company and us, and other relevant factual circumstances, could result in an extension to one year of the 90-day bankruptcy preference period with respect to payments made to us. The exercise of control over a company may also provide grounds for challenges to the priority and enforceability of investments or other claims we may have against the company if it is subject to a bankruptcy case or other insolvency proceeding. The success of our investments in minority equity stakes of privately held companies will depend in part on the performance and abilities of such companies’ controlling shareholders. Because we will not control such companies, our ability to exit from such investments may be limited. Additionally, we are likely to have a reduced ability to influence management of such companies. The Adviser may also have disagreements with controlling shareholders over the strategy and operations of such companies. As a result of the foregoing, our equity investments in such companies may perform poorly. Bank Loans. We may invest a portion of our investments in loans originated by banks and other financial institutions. The loans in which we invest may include term loans and revolving loans, may pay interest at a fixed or floating rate and may be senior or subordinated. Purchasers of bank loans are predominantly commercial banks, investment funds and investment banks. As secondary market trading volumes for bank loans increase, new bank loans are frequently adopting standardized documentation to facilitate loan trading which should improve market liquidity. There can be no assurance, however, that future levels of supply and demand in bank loan trading will provide an adequate degree of liquidity, that current levels of liquidity will persist and that the market will not experience periods of significant illiquidity in the future. In addition, we may make investments in stressed or distressed bank loans which are often less liquid than performing bank loans. We may acquire interests in bank loans either directly (by way of sale or assignment) or indirectly (by way of participation). The purchaser of an assignment typically succeeds to all the rights and obligations of the assigning institution and becomes a lender under the credit agreement with respect to the debt obligation; however, its rights can be more restricted than those of the assigning institution. Participation interests in a portion of a debt obligation typically result in a contractual relationship only with the institution participating out the interest, not with the borrower. In purchasing participations, we generally will have no right to enforce compliance by the borrower with the terms of the loan agreement, nor any rights of set-off against the borrower, and we may not directly benefit from the collateral supporting the debt obligation in which it has purchased the participation. As a result, we will assume the credit risk of both the borrower and the institution selling the participation. The settlement process for the purchase of bank loans can take several days and, in certain instances, several weeks longer than a bond trade. The longer a trade is outstanding between the counterparties, the higher the possible risk of additional operational and settlement issues and the potential for our counterparty to fail to perform. Public Debt. In the event that we acquire fixed income securities and/or other instruments that are publicly traded, which may include securities that are rated below investment grade by rating agencies or that would be rated below investment grade if they were rated, we will be subject to certain inherent risks. Below investment grade securities, which are often referred to as "high yield," "speculative" or "junk," have predominantly speculative characteristics with respect to the issuer's capacity to pay interest and repay principal. In some circumstances, we may be unable to obtain financial covenants or other contractual rights, including management rights, that it might otherwise be able to obtain in making privately-negotiated debt investments. Moreover, we may not have the same access to information in connection with investments in public instruments, either when investigating a potential investment or after making an investment, as compared to a privately-negotiated debt investment. Term Loans, Delayed Draw Term Loans, or Revolvers. We may invest in a variety of different types of debt, including but not limited to term loans, delayed draw term loans, bridge loans, and revolving loans. A term loan is a loan that has a specified repayment schedule. A delayed draw term loan is a loan that typically permits the borrower to withdraw predetermined portions of the total amount borrowed at certain times. A revolving credit facility differs from a delayed draw term loan in that as the borrower repays the loan, an amount equal to the repayment may be borrowed again during the term of the revolving credit facility. Delayed draw term loans and revolving credit facilities usually provide for floating or variable rates of interest. If we enter into or acquires a commitment with a borrower regarding a delayed draw term loan or a revolver, we will be obligated on one or more dates in the future to lend the borrower monies (up to an aggregate stated amount) if called upon to do so by the borrower. These commitments may have the effect of requiring us to increase our investment in a borrower at a time when it might not otherwise decide to do so (including at a time when the company’s financial condition makes it unlikely that such amounts will be repaid). Delayed draw term loans and revolvers may be subject to restrictions on transfer, and only limited opportunities may exist to resell such instruments. As a result, we may be unable to sell such investments at an opportune time or may have to resell them at less than fair market value. Financially Troubled Companies. We may invest in the obligations of companies that are in weak financial condition, experiencing poor operating results, having substantial capital needs or negative net worth, or facing special competitive or product obsolescence problems, including companies involved in bankruptcy or other reorganization and liquidation proceedings. Investments in such financially troubled companies involve significantly greater risk than investments in non-troubled companies, and the repayment of obligations of financially troubled companies is subject to significant uncertainties. Among the risks inherent in investments in troubled entities is the fact that it frequently may be difficult to obtain information as to the true condition of such issuers. Loans issued by companies in bankruptcy are also highly risky, as there are a number of significant rights throughout the bankruptcy process, which may result in losses to us. Such investments may also be adversely affected by laws relating to, among other things, fraudulent transfers and other voidable transfers or payments, lender liability and the bankruptcy court’s power to disallow, reduce, subordinate
Effects of Leverage [Text Block]	The use of borrowings, also known as leverage, including through the issuance of senior securities that are debt or stock, increases the volatility of investments by magnifying the potential for gain or loss on invested equity capital. Because we use leverage to partially finance our investments, through borrowing from banks and other lenders, you will experience increased risks of investing in our Common Stock. If the value of our assets increases, leveraging would cause the NAV to increase more sharply than it would have had we not leveraged. Conversely, if the value of our assets decreases, leveraging would cause our NAV to decline more sharply than it otherwise would have had we not leveraged. Similarly, any increase in our income in excess of interest payable on the borrowed funds would cause our net income to increase more than it would without the leverage, while any decrease in our income would cause net income to decline more sharply than it would have had we not borrowed. Such a decline could negatively affect our ability to make Common Stock distribution payments. Leverage is generally considered a speculative investment technique. The following table illustrates the effects of leverage on returns from an investment in shares of Common Stock, assuming various hypothetical annual returns, net of expenses. The calculations are hypothetical and actual returns may be higher or lower than those appearing below. The calculation assumes (i) $889.4 million in total assets, (ii) a weighted average cost of funds of 7.76%, (iii) $400.0 million of debt outstanding (i.e. assumes that the full amount is available to us under our JPM Credit Facility as of December 31, 2023) and (iv) $388.1 million in stockholders’ equity and (v) no incentive fees payable by us to the Adviser. In order to compute the “Corresponding return to stockholders,” the “Assumed Return on Our Portfolio (net of expenses)” is multiplied by the assumed total assets to obtain an assumed return to us. From this amount, the interest expense is calculated by multiplying the assumed weighted average cost of funds by the assumed debt outstanding, and the product is subtracted from the assumed return to us in order to determine the return available to stockholders. The return available to stockholders is then divided by our stockholders’ equity to determine the “Corresponding return to stockholders.” Actual interest payments may be different. See “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations—Related Party Transactions and Agreements—Borrowings” for further information regarding our Borrowings. Assumed Return on Our Portfolio (net of expenses) (10)% (5)% —% 5% 10% Corresponding return to stockholders (1) (30.91)% (19.45)% (8.00)% 3.46% 14.92% (1) In order for us to cover our hypothetical annual interest payments on indebtedness, we would need to achieve annual returns on our December 31, 2023 total assets of at least 3.49%.
Effects of Leverage [Table Text Block]	Assumed Return on Our Portfolio (net of expenses) (10)% (5)% —% 5% 10% Corresponding return to stockholders (1) (30.91)% (19.45)% (8.00)% 3.46% 14.92% (1) In order for us to cover our hypothetical annual interest payments on indebtedness, we would need to achieve annual returns on our December 31, 2023 total assets of at least 3.49%.
Return at Minus Ten [Percent]	(30.91%)
Return at Minus Five [Percent]	(19.45%)
Return at Zero [Percent]	(8.00%)
Return at Plus Five [Percent]	3.46%
Return at Plus Ten [Percent]	14.92%
Effects of Leverage, Purpose [Text Block]	The following table illustrates the effects of leverage on returns from an investment in shares of Common Stock, assuming various hypothetical annual returns, net of expenses. The calculations are hypothetical and actual returns may be higher or lower than those appearing below. The calculation assumes (i) $889.4 million in total assets, (ii) a weighted average cost of funds of 7.76%, (iii) $400.0 million of debt outstanding (i.e. assumes that the full amount is available to us under our JPM Credit Facility as of December 31, 2023) and (iv) $388.1 million in stockholders’ equity and (v) no incentive fees payable by us to the Adviser. In order to compute the “Corresponding return to stockholders,” the “Assumed Return on Our Portfolio (net of expenses)” is multiplied by the assumed total assets to obtain an assumed return to us. From this amount, the interest expense is calculated by multiplying the assumed weighted average cost of funds by the assumed debt outstanding, and the product is subtracted from the assumed return to us in order to determine the return available to stockholders. The return available to stockholders is then divided by our stockholders’ equity to determine the “Corresponding return to stockholders.” Actual interest payments may be different. See “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations—Related Party Transactions and Agreements—Borrowings”
NAV Per Share	$ 14.88	$ 15.13	$ 15.46	$ 15
Capital Stock, Long-Term Debt, and Other Securities [Abstract]
Long Term Debt [Table Text Block]	Borrowings In accordance with the 1940 Act, the Company is allowed to borrow amounts such that its asset coverage, calculated pursuant to the Investment Company Act, is at least 150% after such borrowing, with certain limited exceptions. The Company’s asset coverage requirement applicable to senior securities was reduced from 200% to 150% effective September 23, 2020. As of December 31, 2023, the aggregate principal amount outstanding of the senior securities issued by the Company was $399.5 million and the Company’s asset coverage was 197%. MS Credit Facility On March 15, 2021, the Company, FBCC Lending I, LLC, a wholly-owned, special purpose financing subsidiary of the Company (“FBCC Lending”), and the Adviser, as the servicer, entered into a loan and servicing agreement (together with the other documents executed in connection therewith, the “MS Credit Facility”) with Morgan Stanley Asset Funding, Inc. as administrative agent, Morgan Stanley Bank, N.A., as the lender, and U.S. Bank National Association as collateral agent, account bank and collateral custodian, that provides for borrowings of up to $100.0 million on a committed basis. Obligations under the MS Credit Facility are secured by a first priority security interest in substantially all of the assets of FBCC Lending, including its portfolio of investments and the Company’s equity interest in FBCC Lending. The obligations of FBCC Lending under the MS Credit Facility are nonrecourse to the Company. Any amounts borrowed under the MS Credit Facility will mature, and will be due and payable, on the maturity date, which is March 15, 2025. Prior to the Third Amendment (defined below), borrowings under the MS Credit Facility bore interest at three-month LIBOR, with a LIBOR floor of zero, plus a spread of 2.25%. Interest is payable quarterly in arrears. FBCC Lending is subject to a non-usage fee of 0.50% on the difference between total commitments and the greater of the (i) drawn amounts and (ii) minimum utilization requirement, and, in addition, after the ramp-up period, FBCC Lending would pay interest on undrawn amounts up to the minimum utilization requirement under the MS Credit Facility if drawn amounts are less than such minimum utilization requirement. The Company paid an upfront fee and incurred other customary costs and expenses in connection with the MS Credit Facility. On July 1, 2021, FBCC Lending amended the MS Credit Facility to, among other things, increase the maximum permissible borrowings under the MS Credit Facility from $100.0 million to $200.0 million on a committed basis (the “First Amendment”). On December 15, 2021, FBCC Lending amended the MS Credit Facility to, among other things, increase the maximum permissible borrowings under the MS Credit Facility from $200.0 million to $250.0 million on a committed basis (the “Second Amendment”). On January 31, 2022, FBCC Lending amended the MS Credit Facility to, among other things, increase the maximum permissible borrowings from $250.0 million to $300.0 million on a committed basis, transition the benchmark rate to Adjusted Term SOFR and included the Canadian Imperial Bank of Commerce ("CIBC") as a lender (the “Third Amendment”). Following the Third Amendment, borrowings under the MS Credit Facility bear interest at Adjusted Term SOFR, with an Adjusted Term SOFR floor of zero, plus a spread of 2.00%. FBCC Lending is subject to non-usage fee of 0.50% on the difference between total commitments and the greater of the (i) drawn amounts and (ii) minimum utilization requirement, and, in addition after the ramp-up period, FBCC Lending would pay interest on undrawn amounts up to the minimum utilization requirement under the MS Credit Facility, at three month SOFR floor of zero, plus spread of 1.125%, if drawn amounts are less than such minimum utilization requirement. The entire facility is subject to a 0.25% administrative agent fee. On June 28, 2022, FBCC Lending entered into a fourth amendment (together with any documents executed in connection therewith, the “Fourth Amendment”) to the MS Credit Facility. The Fourth Amendment, among other things, increases the maximum permissible borrowings under the MS Credit Facility to $400.0 million from $300.0 million on a committed basis and amends the spread on borrowings under the MS Credit Facility to 2.25%. The MS Credit Facility was refinanced with the JPM Credit Facility (defined below) on October 4, 2023. As a result of the refinancing to the JPM Credit Facility, the Company incurred a realized loss on extinguishment of debt of $1.5 million. MS Subscription Facility On April 22, 2021, the Company entered into a $50.0 million revolving credit agreement (the “MS Subscription Facility”) with Morgan Stanley Asset Funding, Inc., as administrative agent and sole lead arranger, and Morgan Stanley Bank, N.A., as the letter of credit issuer and lender. The MS Subscription Facility is subject to certain restrictions, including availability under the borrowing base, which is based on unfunded capital commitments. The amount of permissible borrowings under the MS Subscription Facility may be increased up to an aggregate of $150.0 million with the consent of the lenders. The MS Subscription Facility had a maturity date of April 22, 2022, which may be extended for an additional two terms of not more than 12 months each with the consent of the administrative agent and lenders. On April 20, 2022, the Company entered into a first amendment (the “First Amendment”) to the MS Subscription Facility, which extended the maturity date to April 21, 2023, which may be extended for an additional term of not more than 12 months each with the consent of the administrative agent and lenders. On September 30, 2022, pursuant to the terms of the agreement, the Company voluntarily reduced commitments from $50.0 million to $44.5 million and on December 9, 2022, pursuant to the terms of the agreement, the Company voluntarily reduced commitments from $44.5 million to $25.5 million (together, the “MS Subscription Facility Downsizes”). Prior to the First Amendment, the MS Subscription Facility bore interest at a rate of: (i) with respect LIBOR Rate Loans, Adjusted LIBOR (as defined in the MS Subscription Facility) for the applicable interest period plus 2.00% per annum and (ii) with respect to Base Rate Loans, the greatest of (a) the Prime Rate in effect on such day plus 1.00% per annum, (b) the federal funds rate in effect on such day plus 0.50%, plus 1.00% per annum and (c) except during any period of time during which LIBOR is unavailable, one-month Adjusted LIBOR plus, without duplication, 100 basis points per annum. The Company paid an upfront fee and incurred other customary costs and expenses in connection with the MS Subscription Facility. Subsequent to the First Amendment, the MS Subscription Facility bears interest at a rate of: (i) with respect to Term SOFR Loans, Term SOFR with a one-month Interest Period plus 2.10% per annum and (ii) with respect to Base Rate Loans, the greatest of (a) the Prime Rate in effect on such day plus 100 basis points (1.00%) per annum, (b) the federal funds rate in effect on such day plus 0.50% plus 1.00% per annum and (c) except during any period of time during which Term SOFR is unavailable, Term SOFR for a one-month tenor in effect on such day plus without duplication, 100 basis points (1.00%) per annum plus 100 basis points (1.00%) per annum. The Company paid an upfront fee and incurred other customary costs and expenses in connection with the First Amendment to MS Subscription Facility. In addition, the Company will be subject to an unused commitment fee of 0.30%. The MS Subscription Facility was terminated on March 29, 2023. JPM Credit Facility On October 4, 2023, the Company refinanced the MS Credit Facility with a $400.0 million credit facility with FBCC Jupiter Funding, LLC, a wholly-owned, consolidated special purpose financing subsidiary of the Company, as borrower (“Jupiter Funding”), the Adviser, as portfolio manager, the lenders party thereto, U.S. Bank National Association, as securities intermediary, U.S. Bank Trust Company, National Association as collateral administrator and collateral agent, and JPMorgan Chase Bank, National Association, as administrative agent (the “JPM Credit Facility”). The JPM Credit Facility provides for borrowings through October 4, 2026, and any amounts borrowed under the JPM Credit Facility will mature on October 4, 2027. Borrowings under the JPM Credit Facility will bear interest at a benchmark rate, currently SOFR, plus a margin of 2.75% per annum, which is inclusive of an administrative agent fee. Interest is payable quarterly in arrears. Jupiter Funding will be subject to a non-usage fee of 0.75%, which is inclusive of the administrative agent fee, to the extent the commitments available under the JPM Credit Facility have not been borrowed. Jupiter Funding paid an upfront fee and incurred other customary costs and expenses in connection with the JPM Credit Facility. The following table represents facility borrowings as of December 31, 2023: Maturity Date Total Aggregate Borrowing Capacity Total Principal Outstanding Less Deferred Financing Costs Amount per Consolidated Statements of Assets and Liabilities JPM Credit Facility 10/4/2027 $ 400,000 $ 322,000 $ (2,082) $ 319,918 Total $ 400,000 $ 322,000 $ (2,082) $ 319,918 The following table represents facility borrowings as of December 31, 2022: Maturity Date Total Aggregate Borrowing Capacity Total Principal Outstanding Less Deferred Financing Costs Amount per Consolidated Statements of Assets and Liabilities MS Credit Facility 3/15/2025 $ 400,000 $ 356,500 $ (2,222) $ 354,278 MS Subscription Facility 4/21/2023 25,500 25,400 (98) 25,302 Total $ 425,500 $ 381,900 $ (2,320) $ 379,580 The weighted average annualized interest cost for all facility borrowings for the years ended December 31, 2023 and 2022 was 7.76% and 4.14%, respectively. The average daily debt outstanding for facility borrowings for the years ended December 31, 2023 and 2022 was $346.1 million and $324.3 million, respectively. The maximum debt outstanding for facility borrowings for the years ended December 31, 2023 and 2022 was $381.9 million and $426.9 million, respectively. Short-term Borrowings From time to time, the Company finances the purchase of certain investments through repurchase agreements. In the repurchase agreements, the Company enters into a trade to sell an investment and contemporaneously enter into a trade to buy the same investment back on a specified date in the future with the same counterparty. Investments sold under repurchase agreements are accounted for as collateralized borrowings as the sale of the investment does not qualify for sale accounting under ASC Topic 860—Transfers and Servicing and remains as an investment on the consolidated statements of assets and liabilities. The Company uses repurchase agreements as a short-term financing alternative. As of December 31, 2023 and 2022, the Company had short-term borrowings outstanding of $0 and $20.8 million, respectively. For the years ended December 31, 2023, 2022, and 2021, the Company recorded interest expense of $1.7 million, $2.2 million, and $0.1 million, respectively, in connection with short-term borrowings. For the period January 1, 2023 through August 14, 2023 (period for which the Company had short-term borrowings), the Company had an average outstanding balance of short-term borrowings of $32.7 million and bore interest at a weighted average rate of 0.02%. For the year ended December 31, 2022, the Company had an average outstanding balance of short-term borrowings of $44.0 million and bore interest at a weighted average rate of 0.01%. Secured Borrowings On August 21, 2023, the Company entered into a total return swap (“TRS”) with Nomura. A TRS is a contract in which one party agrees to make periodic payments to another party based on the change in the market value of the assets underlying the TRS, which may include a specified security, basket of securities or securities indices during the specified period, in return for periodic payments based on a fixed or variable interest rate. The Company pays interest to Nomura for each loan at a rate equal to three-month SOFR plus 3.60% per annum. Upon the termination or repayment of any loan under the TRS, the Company will either receive from Nomura the appreciation in the value of such loan or pay to Nomura any depreciation in the value of such loan. The scheduled termination date for the TRS is February 17, 2025. The Company may terminate the TRS prior to February 17, 2025 upon the occurrence of certain events but in certain circumstances may be required to pay certain termination fees. As of December 31, 2023, all total return swaps on the Nomura TRS were entered into contemporaneously with the Company’s sale of their reference assets. Due to the Company’s continuing involvement in these assets, these assets are not derecognized under ASC Topic 860 -- Transfers and Servicing, and are presented on the consolidated schedule of investments. Financing amounts related to these assets are presented as secured borrowings on the consolidated statement of assets and liabilities. Any margin paid to the counterparty under the terms of the TRS agreement is included in the “Due from broker” on the Company’s consolidated statements of assets and liabilities. The TRS is subject to the SEC rule related to the use of derivatives, reverse repurchase agreements and certain other transactions by registered investment companies. The rule requires that the Company trade derivatives and other transactions that create future payment or delivery obligations subject to a value-at-risk leverage limit and certain derivatives risk management program and reporting requirements. Generally, these requirements apply unless the Company qualifies as a “limited derivatives user,” as defined in the rule, in which case certain exceptions to these conditions would apply. The Company may qualify as a limited derivatives user if it adopts and implements written policies and procedures reasonably designed to manage the Company's derivatives risk and the Company's derivatives exposure does not exceed 10 percent of the Company's net assets as calculated in accordance with the rule. As of December 31, 2023 and December 31, 2022, the Company had secured borrowings outstanding of $33.3 million and $0, respectively. For the years ended December 31, 2023, 2022, and 2021 the Company recorded interest expense of $0.8 million, $0, and $0, respectively, in connection with secured borrowings. For the period August 21, 2023 through December 31, 2023, the Company had an average outstanding balance of secured borrowings of $30.5 million and bore interest at a weighted average rate of 8.98%. The following table represents interest and debt fees for the year ended December 31, 2023: Year Ended December 31, 2023 Interest Rate Non-Usage Rate Interest Expense Deferred Financing Costs (1) Other Fees (2) MS Credit Facility (5) (3) 0.50 % $ 19,446 $ 763 $ 1,082 MS Subscription Facility (6) (4) 0.30 % 404 98 11 JPM Credit Facility S + 2.75% 0.75 % 6,405 129 319 Short-term borrowings 1,692 — — Secured borrowings S + 3.60% 759 41 — Total $ 28,706 $ 1,031 $ 1,412 (1) Amortization of deferred financing costs. (2) Includes non-usage fees, custody fees, and administrative agent fees. (3) From January 1, 2023 to October 4, 2023, the MS Credit Facility bore interest at a rate of Term SOFR, plus a spread of 2.25% per annum. (4) From January 1, 2023 to March 29, 2023, the MS Subscription Facility bore interest at a rate of Term SOFR with a one-month Interest Period, plus a spread of 2.10% per annum. (5) Amount presented represents activity prior to refinancing on October 4, 2023. (6) Amount presented represents activity prior to termination on March 29, 2023. The following table represents interest and debt fees for the year ended December 31, 2022: Year Ended December 31, 2022 Interest Rate Non-Usage Rate Interest Expense Deferred Financing Costs (1) Other Fees (2) MS Credit Facility (3) 0.50 % $ 10,908 $ 894 $ 1,398 MS Subscription Facility (4) 0.30 % 1,781 295 — Short-term borrowings 2,191 — — Total $ 14,880 $ 1,189 $ 1,398 (1) Amortization of deferred financing costs. (2) Includes non-usage fees, custody fees and administrative agent fees. (3) From January 1, 2022 through January 30, 2022, the MS Credit Facility had an interest rate priced at three-month LIBOR, with a LIBOR floor of zero, plus a spread of 2.25%. From January 31, 2022 through June 27, 2022 the MS Credit Facility transitioned the benchmark rate to Adjusted Term SOFR. Borrowings under the MS Credit Facility bore interest at Adjusted Term SOFR, with an Adjusted Term SOFR floor of zero, plus a spread of 2.00%. From June 28, 2022 to December 31, 2022 MS Credit Facility had an interest rate priced at Term SOFR, plus a spread of 2.25%. (4) From January 1, 2022 through April 19, 2022 the MS Subscription Facility bore interest at a rate of Adjusted LIBOR for the applicable interest period plus 2.00% per annum. From April 20, 2022 through December 31, 2022 bore interest at a rate of Term SOFR with a one-month Interest Period plus 2.10% per annum. The following table represents interest and debt fees for the year ended December 31, 2021: Year Ended December 31, 2021 Interest Rate Non-Usage Rate Interest Expense Deferred Financing Costs (1) Other Fees (2) MS Credit Facility L + 2.25% 0.50 % $ 1,787 $ 365 $ 340 MS Subscription Facility L + 2.00% 0.30 % 654 282 14 Short-term borrowings 97 — — Total $ 2,538 $ 647 $ 354 (1) Amortization of deferred financing costs. (2) Includes non-usage fees and custody fees. The Company is required to disclose the fair value of financial instruments for which it is practicable to estimate fair value. The fair value of short-term financial instruments such as cash and cash equivalents, due to affiliates, accounts payable, short-term borrowings, and secured borrowings approximate their carrying value on the accompanying consolidated statements of assets and liabilities due to their short-term nature. At December 31, 2023, the carrying amount of the Company's secured borrowings approximated their fair value. The fair values of the Company's debt obligations are determined in accordance with ASC 820, which defines fair value in terms of the price that would be paid to transfer a liability in an orderly transaction between market participants at the measurement date under current market conditions. The fair value of the Company's borrowings is estimated based upon market interest rates for the Company's own borrowings or entities with similar credit risk, adjusted for nonperformance risk, if any. As of December 31, 2023 and 2022, the Company's borrowings would be deemed to be Level 3, as defined in Note 3 - Fair Value of Financial Instruments . The fair values of the Company’s remaining financial instruments that are not reported at fair value on the accompanying consolidated statements of assets and liabilities are reported below: Level Carrying Amount as of December 31, 2023 Fair Value as of December 31, 2023 JPM Credit Facility 3 $ 322,000 $ 322,000 Total $ 322,000 $ 322,000 Level Carrying Amount as of December 31, 2022 Fair Value as of December 31, 2022 MS Credit Facility 3 $ 356,500 $ 356,500 MS Subscription Facility 3 25,400 25,400 Total $ 381,900 $ 381,900
General Risk [Member]
General Description of Registrant [Abstract]
Risk [Text Block]	RISK FACTORS Investing in our securities involves a high degree of risk. Before making an investment in the Company, you should carefully consider the following risk factors. The risks and uncertainties set forth below are not the only risks and uncertainties that we face. Additional risks and uncertainties not presently known to us or that we currently deem to be immaterial may also impair our business operations. If any of the following risks were to occur, our business or financial condition could be materially adversely affected. In such case, the NAV of our Common Stock could decline, and you may lose all or part of your investment. RISKS RELATED TO OUR ADVISER AND ITS AFFILIATES We may be obligated to pay our Adviser incentive compensation even if we incur a net loss due to a decline in the value of our portfolio. The Amended and Restated Investment Advisory Agreement entitles our Adviser to receive incentive compensation on income regardless of any capital losses. In such case, we may be required to pay our Adviser incentive compensation for a fiscal quarter even if there is a decline in the value of our portfolio or if we incur a net loss for that quarter. We expect that any incentive fee payable by us that relates to our net investment income may be computed and paid on income that may include interest that has been accrued but not yet received. If a portfolio company defaults on a loan that is structured to provide accrued interest, it is possible that accrued interest previously included in the calculation of the incentive fee will become uncollectible. Pursuant to the Amended and Restated Investment Advisory Agreement, our Adviser will not be under any obligation to reimburse us for any part of the incentive fee it received that was based on accrued income that we never received as a result of a default by an entity on the debt instrument that resulted in the accrual of such income, and such circumstances would result in our paying an incentive fee on income we never received. Moreover, to the extent that we are required to recognize in our taxable income such interest income that has been accrued but not yet paid, our payment of incentive fees to the Adviser on such income may make it difficult to meet (or may further amplify existing difficulties in meeting) the Annual Distribution Requirement necessary to maintain RIC tax treatment under the Code. As a result, we may have to sell some of our investments at times and/or at prices we would not consider advantageous, raise additional debt or equity capital or, forgo new investment opportunities for this purpose. If we are not able to obtain cash from other sources, we may fail to qualify for RIC tax treatment and thus become subject to corporate-level U.S. Federal income tax. For additional discussion regarding the tax implications of a RIC, see “U.S. Federal Income Tax Risks — We may be subject to corporate-level U.S. federal taxes if we fail to maintain our qualification as a RIC.” The time and resources that individuals and the executive officers of our Adviser devote to us may be diverted and we may face additional competition due to the fact that neither our Adviser nor its affiliates are prohibited from raising money for or managing another entity that makes the same types of investments that we target. Affiliates and executive officers of the Adviser currently manage other investment entities and are not prohibited from raising money for and managing future investment entities that make the same types of investments as those we target. As a result, the time and resources that the executive officers and individuals employed by the Adviser and its affiliates devote to us may be diverted, and during times of intense activity in other areas of business, they may devote less time and resources to our business than is necessary or appropriate. There are significant potential conflicts of interest that could impact our investment returns. We pay management and incentive fees to our Adviser and reimburse our Adviser for certain expenses it incurs on our behalf. In addition, investors in our Common Stock invest on a gross basis and receive distributions on a net basis after expenses, resulting in a lower rate of return than one might achieve through direct investments. The part of the incentive fee payable by us that relates to our pre-incentive fee net investment income is computed and paid on income that may include interest that is accrued but not yet received in cash. If a portfolio company defaults on a loan that is structured to provide accrued interest, it is possible that accrued interest previously used in the calculation of the incentive fee will become uncollectible which could affect our financial condition, business, and results of operations. Our fee structure may induce our Adviser to make speculative investments or incur debt. The incentive fee payable by us to our Adviser may create an incentive for it to make investments on our behalf that are risky or more speculative than would be the case in the absence of such compensation arrangement. The way in which this incentive fee is determined may encourage the Adviser to use leverage to increase the return on our investments. In addition, the fact that our management fee is payable based upon our gross assets, which would include any borrowings for investment purposes, may encourage our Adviser to use leverage to make additional investments. Under certain circumstances, the use of leverage may increase the likelihood of default, which would disfavor holders of our Common Stock. Such a practice could result in our investing in more speculative securities than would otherwise be the case, which could result in higher investment losses, particularly during cyclical economic downturns. In selecting and structuring investments appropriate for us, our Adviser will consider our investment and tax objectives and those of our stockholders as a whole, not the investment, tax or other objectives of any stockholder individually. Our stockholders may have conflicting investment, tax, and other objectives with respect to their investments in us. The conflicting interests of individual stockholders may relate to or arise from, among other things, the nature of our investments, the structure or the acquisition of our investments, and the timing of the disposition of our investments. As a consequence, conflicts of interest may arise in connection with decisions made by our Adviser, including with respect to the nature or structuring of our investments, that may be more beneficial for one stockholder than for another stockholder, especially with respect to stockholders’ individual tax situations. Our Adviser can resign on 60 days’ notice, and we may not be able to find a suitable replacement within that time, resulting in a disruption in our operations that could adversely affect our financial condition, business, and results of operations. Our Adviser has the right to resign under the Amended and Restated Investment Advisory Agreement at any time upon not less than 60 days’ written notice, whether we have found a replacement or not. If our Adviser were to resign, we may not be able to find a new investment adviser or hire internal management with similar expertise and ability to provide the same or equivalent services on acceptable terms within 60 days, or at all. If we are unable to do so quickly, our operations are likely to experience a disruption, our business, financial condition, results of operations, and cash flows as well as our ability to pay distributions are likely to be adversely affected and the market price of our shares may decline. In addition, the coordination of our internal management and investment activities is likely to suffer if we are unable to identify and reach an agreement with a single institution or group of executives having the expertise possessed by our Adviser and its affiliates. Even if we are able to retain comparable management, whether internal or external, the integration of such management and their lack of familiarity with our investment objective may result in additional costs and time delays that may adversely affect our business, financial condition, results of operations, and cash flows. Our Administrator can resign on 60 days’ notice, and we may not be able to find a suitable replacement, resulting in a disruption in our operations that could adversely affect our financial condition, business, and results of operations. Our Administrator has the right to resign under the Administration Agreement at any time upon not less than 60 days’ written notice, whether we have found a replacement or not. If our Administrator resigns, we may not be able to find a new administrator or hire internal management with similar expertise and ability to provide the same or equivalent services on acceptable terms, or at all. If we are unable to do so quickly, our operations are likely to experience a disruption, our financial condition, business, and results of operations as well as our ability to pay distributions are likely to be adversely affected and the market price of our shares may decline. In addition, the coordination of our internal management and administrative activities is likely to suffer if we are unable to identify and reach an agreement with a service provider or individuals with the expertise possessed by our Administrator. Even if we are able to retain a comparable service provider or individuals to perform such services, whether internal or external, their integration into our business and lack of familiarity with our investment objective may result in additional costs and time delays that may adversely affect our business, financial condition, results of operations and cash flows. RISKS RELATED TO BUSINESS DEVELOPMENT COMPANIES Our failure to invest a sufficient portion of our assets in qualifying assets could result in our failure to maintain our status as a BDC. As a BDC, we may not acquire any assets other than “qualifying assets” unless, at the time of and after giving effect to such acquisition, at least 70% of our total assets are qualifying assets. See “Item 1. Business — Regulation as a Business Development Company.” Therefore, we may be precluded from investing in what we believe are attractive investments if such investments are not qualifying assets. We may also be required to re-classify investments previously identified as qualifying assets as non-qualifying assets due to a change in the underlying business, a change in law or regulation, or for other reasons. Similarly, these rules could prevent us from making additional investments in existing portfolio companies, which could result in the dilution of our position, or could require us either to dispose of investments at an inopportune time or to refrain from making additional investments to comply with the 1940 Act. If we were forced to sell non-qualifying investments in our portfolio for compliance purposes, the proceeds from such sales could be significantly less than the current value of such investments. Failure to maintain our status as a BDC would reduce our operating flexibility. If we do not remain a BDC, we might be regulated as a registered closed-end investment company under the 1940 Act, which would subject us to substantially more regulatory restrictions under the 1940 Act and correspondingly decrease our operating flexibility. Regulations governing our operation as a BDC and RIC will affect our ability to raise, and the way in which we raise, additional capital or borrow for investment purposes, which may have a negative effect on our growth. We may need to access the capital markets periodically to raise cash to fund new investments. We may also issue “senior securities,” including borrowing money from banks or other financial institutions, in amounts such that our asset coverage, as defined in the 1940 Act, equals at least 150% after such incurrence or issuance. Our ability to issue different types of securities is also limited. Compliance with these requirements may unfavorably limit our investment opportunities and reduce our ability compared to other companies to profit from favorable spreads between the rates at which we can borrow and the rates at which we can lend. As a BDC, therefore, we intend to continuously issue equity at a rate more frequent than our privately owned competitors, which may lead to greater stockholder dilution. We have incurred leverage to generate capital to make additional investments. If the value of our assets declines, we may be unable to satisfy the asset coverage test under the 1940 Act, which could prohibit us from paying distributions and could prevent us from being subject to tax as a RIC. If we cannot satisfy the asset coverage test, we may be required to sell a portion of our investments and, depending on the nature of our debt financing, repay a portion of our indebtedness at a time when such sales and repayments may be disadvantageous. As of December 31, 2023, our asset coverage calculated in accordance with the 1940 Act was 197%. Under the 1940 Act, we generally are prohibited from issuing or selling our Common Stock at a price per share, after deducting selling commissions and dealer manager fees, that is below NAV per share, which may be a disadvantage as compared to other public companies. We may, however, sell our Common Stock, or warrants, options or rights to acquire our Common Stock, at a price below the then current NAV of our Common Stock if (1) our Board of Directors and independent directors determine that such sale is in our best interests and the best interests of our stockholders, and (2) our stockholders in general, as well as those stockholders that are not affiliated with us approve such sale. In any such case, the price at which our securities are to be issued and sold may not be less than a price that, in the determination of our Board of Directors, closely approximates the fair value of such securities. Our ability to enter into transactions with our affiliates is restricted. The 1940 Act generally prohibits BDCs from entering into negotiated co-investments with affiliates absent an order from the SEC. Unless otherwise provided in the allocation policy, if an investment opportunity is appropriate for both us and other investment funds, the investment opportunity requires more than the price to be negotiated and cannot be effected pursuant to the terms of the co-investment exemptive order, the investment opportunity will be made available to the other investment fund or us on an alternating basis based on the date of closing of each such investment opportunity and each fund’s available capital. As a result, the Adviser and/or its affiliates may face conflicts in allocating investment opportunities between us and such other entities. Although the Adviser and its affiliates will endeavor to allocate investment opportunities in a fair and equitable manner and consistent with applicable allocation procedures, it is possible that, in the future, we may not be given the opportunity to participate in investments made by investment funds managed by the Adviser or its affiliates. Affiliates of our Adviser received exemptive relief from the SEC that permits us greater flexibility to negotiate the terms of co-investments if our Board of Directors determines that it would be advantageous for us to co-invest with other accounts sponsored or managed by the Adviser or its affiliates in a manner consistent with our investment objectives, positions, policies, strategies, and restrictions as well as regulatory requirements and other pertinent factors. Under the terms of this exemptive relief, a “required majority” (as defined in Section 57(o) of the 1940 Act) of our eligible directors is required to make certain conclusions in connection with a co-investment transaction, including that (1) the terms of the proposed transaction are reasonable and fair to us and our stockholders and do not involve overreaching in respect of us or our stockholders on the part of any person concerned and (2) the transaction is consistent with the interests of our stockholders and is consistent with our investment strategies and policies. We believe that co-investment by us and accounts sponsored or managed by the Adviser and its affiliates affords us additional investment opportunities and an ability to build a diverse portfolio. We are uncertain of our sources for funding our future capital needs; if we cannot obtain debt or equity financing on acceptable terms, our ability to acquire investments and to expand our operations will be adversely affected. The net proceeds from offerings of our Common Stock will be used for our investment opportunities, operating expenses, and for payment of various fees and expenses such as management fees, incentive fees, and other fees. Any working capital reserves we maintain may not be sufficient for investment purposes, and we may require debt or equity financing to operate. In order to maintain our RIC tax treatment we must distribute to our stockholders on a timely basis generally an amount equal to at least 90% of our investment company taxable income, determined without regard to any deduction for dividends paid, and the amounts of such distributions will therefore not be available to fund investment originations or to repay maturing debt. In addition, with certain limited exceptions, we are only allowed to borrow amounts or issue debt securities or preferred stock, which we refer to collectively as “senior securities,” such that our asset coverage, as calculated pursuant to the 1940 Act, equals at least 150% immediately after such borrowing, which, in certain circumstances, may restrict our ability to borrow or issue debt securities or preferred stock. Accordingly, in the event that we develop a need for additional capital in the future for investments or for any other reason, these sources of funding may not be available to us. Consequently, if we cannot obtain debt or equity financing on acceptable terms, our ability to acquire investments and to expand our operations will be adversely affected. As a result, we would be less able to achieve portfolio diversification and our investment objective, which may negatively impact our results of operations and reduce our ability to pay distributions to our stockholders. RISKS RELATED TO OUR INVESTMENTS Our investments in portfolio companies may be risky, and we could lose all or part of our investment. We invest primarily in first and second lien senior secured loans and mezzanine debt and selected equity investments issued by middle market companies. Senior Secured Loans. When we make a senior secured loan to a portfolio company, it will generally take a security interest in the available assets of the portfolio company, including the equity interests of its subsidiaries, which could help mitigate the risk that we will not be repaid. However, there is a risk that the collateral securing our loans may decrease in value over time, may be difficult to sell in a timely manner, may be difficult to appraise, and may fluctuate in value based upon the success of the business and market conditions, including as a result of the inability of the portfolio company to raise additional capital. In some circumstances, our lien could be subordinated to claims of other creditors. In addition, deterioration in a portfolio company’s financial condition and prospects, including its inability to raise additional capital, may be accompanied by deterioration in the value of the collateral for the loan. Consequently, the fact that a loan is secured does not guarantee that we will receive principal and interest payments according to the loan’s terms, or at all, or that we will be able to collect on the loan should it be forced to enforce its remedies. Second Lien, or Other Subordinated Loans or Debt. We may invest in second lien or other subordinated loans. In the event of a loss of value of the underlying assets that collateralize the loans, the subordinate portions of the loans may suffer a loss prior to the more senior portions suffering a loss. If a borrower defaults and lacks sufficient assets to satisfy our loan, we may suffer a loss of principal or interest. If a borrower declares bankruptcy, we may not have full recourse to the assets of the borrower, or the assets of the borrower may not be sufficient to satisfy the loan. Issuers of subordinated debt obligations may be highly leveraged and may not have available to them more traditional sources of financing. During an economic downturn or a sustained period of rising interest rates, such issuers may be more likely to experience financial stress and may be unable to meet their obligations. In addition, certain of our loans may be subordinate to other debt of the borrower. As a result, if a borrower defaults on our loan or on debt senior to our loan, or in the event of the bankruptcy of a borrower, our loan will be satisfied only after all senior debt is paid in full. The Adviser’s ability to amend the terms of our loans, assign our loans, accept prepayments, exercise our remedies (through “standstill periods”) and control decisions made in bankruptcy proceedings relating to borrowers may be limited by intercreditor arrangements if debt senior to our loans exists. Unsecured Loans or Debt. We may invest in unsecured loans which are not secured by collateral. In the event of default on an unsecured loan, the first priority lien holder has first claim to the underlying collateral of the loan. It is possible that no collateral value would remain for an unsecured holder and therefore result in a loss of investment to us. Because unsecured loans are lower in priority of payment to secured loans, they are subject to the additional risk that the cash flow of the borrower may be insufficient to meet scheduled payments after giving effect to the secured obligations of the borrower. Unsecured loans generally have greater price volatility than secured loans and may be less liquid. Middle Market Companies. We will invest in the debt obligations or securities of middle market and/or less well-established companies. While middle market companies may have potential for rapid growth, they often involve higher risks. Middle market companies have more limited financial resources than larger companies and may be unable to meet their obligations under their debt securities that we hold, which may be accompanied by a deterioration in the value of any collateral and a reduction in the likelihood of us realizing any guarantees it may have obtained in connection with our investment. Middle market companies also typically have shorter operating histories, narrower product lines and smaller market shares than larger businesses, which tend to render them more vulnerable to competitors’ actions and market conditions, as well as general economic downturns. Less publicly available information may be available about these companies and they may not be subject to the financial and other reporting requirements applicable to public companies. They are more likely to depend on the management talents and efforts of a small group of persons; therefore, the death, disability, resignation or termination of one or more of these persons could have a material adverse impact on the company and, in turn, on us. Middle market companies may also have less predictable operating results and may require substantial additional capital to support their operations, finance expansion or maintain their competitive position. They may also have difficulty accessing the capital markets to meet future capital needs, which may limit their ability to grow or to repay their outstanding indebtedness upon maturity. Middle market loans may also be subject to greater illiquidity if they are privately negotiated or syndicated in comparison to publicly traded instruments or, if such instruments are publicly traded, there may be smaller relative trading volumes. Investments in Privately Held Companies. While not a primary strategy of ours, we may acquire controlling or minority equity stakes in privately held companies, which may occur, among other ways, by reason of converting debt into equity. The success of our investments in privately held companies that it controls will depend in part on the Adviser’s ability to develop plans and strategies to exploit new business opportunities for such companies as well as the Adviser’s ability to restructure and effect improvements in the operations of such companies. The activity of developing such plans and strategies and of identifying and implementing operational improvements at portfolio companies entails a high degree of uncertainty. There can be no assurance that we will be able to successfully identify and implement such plans, strategies or improvements. To the extent that we own a controlling stake in, or is deemed an affiliate of, a particular company, it may also be subject to certain additional bankruptcy or securities laws restrictions that could affect both the liquidity of our interest and our ability to liquidate our interest without adversely impacting the price thereof, including insider trading restrictions, the affiliate sale restrictions of Rule 144 of the Securities Act and the disclosure requirements of Sections 13 and 16 of the Exchange Act. The exercise of control over a company, depending upon the amount and type of securities owned by us, contractual arrangements between the company and us, and other relevant factual circumstances, could result in an extension to one year of the 90-day bankruptcy preference period with respect to payments made to us. The exercise of control over a company may also provide grounds for challenges to the priority and enforceability of investments or other claims we may have against the company if it is subject to a bankruptcy case or other insolvency proceeding. The success of our investments in minority equity stakes of privately held companies will depend in part on the performance and abilities of such companies’ controlling shareholders. Because we will not control such companies, our ability to exit from such investments may be limited. Additionally, we are likely to have a reduced ability to influence management of such companies. The Adviser may also have disagreements with controlling shareholders over the strategy and operations of such companies. As a result of the foregoing, our equity investments in such companies may perform poorly. Bank Loans. We may invest a portion of our investments in loans originated by banks and other financial institutions. The loans in which we invest may include term loans and revolving loans, may pay interest at a fixed or floating rate and may be senior or subordinated. Purchasers of bank loans are predominantly commercial banks, investment funds and investment banks. As secondary market trading volumes for bank loans increase, new bank loans are frequently adopting standardized documentation to facilitate loan trading which should improve market liquidity. There can be no assurance, however, that future levels of supply and demand in bank loan trading will provide an adequate degree of liquidity, that current levels of liquidity will persist and that the market will not experience periods of significant illiquidity in the future. In addition, we may make investments in stressed or distressed bank loans which are often less liquid than performing bank loans. We may acquire interests in bank loans either directly (by way of sale or assignment) or indirectly (by way of participation). The purchaser of an assignment typically succeeds to all the rights and obligations of the assigning institution and becomes a lender under the credit agreement with respect to the debt obligation; however, its rights can be more restricted than those of the assigning institution. Participation interests in a portion of a debt obligation typically result in a contractual relationship only with the institution participating out the interest, not with the borrower. In purchasing participations, we generally will have no right to enforce compliance by the borrower with the terms of the loan agreement, nor any rights of set-off against the borrower, and we may not directly benefit from the collateral supporting the debt obligation in which it has purchased the participation. As a result, we will assume the credit risk of both the borrower and the institution selling the participation. The settlement process for the purchase of bank loans can take several days and, in certain instances, several weeks longer than a bond trade. The longer a trade is outstanding between the counterparties, the higher the possible risk of additional operational and settlement issues and the potential for our counterparty to fail to perform. Public Debt. In the event that we acquire fixed income securities and/or other instruments that are publicly traded, which may include securities that are rated below investment grade by rating agencies or that would be rated below investment grade if they were rated, we will be subject to certain inherent risks. Below investment grade securities, which are often referred to as "high yield," "speculative" or "junk," have predominantly speculative characteristics with respect to the issuer's capacity to pay interest and repay principal. In some circumstances, we may be unable to obtain financial covenants or other contractual rights, including management rights, that it might otherwise be able to obtain in making privately-negotiated debt investments. Moreover, we may not have the same access to information in connection with investments in public instruments, either when investigating a potential investment or after making an investment, as compared to a privately-negotiated debt investment. Term Loans, Delayed Draw Term Loans, or Revolvers. We may invest in a variety of different types of debt, including but not limited to term loans, delayed draw term loans, bridge loans, and revolving loans. A term loan is a loan that has a specified repayment schedule. A delayed draw term loan is a loan that typically permits the borrower to withdraw predetermined portions of the total amount borrowed at certain times. A revolving credit facility differs from a delayed draw term loan in that as the borrower repays the loan, an amount equal to the repayment may be borrowed again during the term of the revolving credit facility. Delayed draw term loans and revolving credit facilities usually provide for floating or variable rates of interest. If we enter into or acquires a commitment with a borrower regarding a delayed draw term loan or a revolver, we will be obligated on one or more dates in the future to lend the borrower monies (up to an aggregate stated amount) if called upon to do so by the borrower. These commitments may have the effect of requiring us to increase our investment in a borrower at a time when it might not otherwise decide to do so (including at a time when the company’s financial condition makes it unlikely that such amounts will be repaid). Delayed draw term loans and revolvers may be subject to restrictions on transfer, and only limited opportunities may exist to resell such instruments. As a result, we may be unable to sell such investments at an opportune time or may have to resell them at less than fair market value. Financially Troubled Companies. We may invest in the obligations of companies that are in weak financial condition, experiencing poor operating results, having substantial capital needs or negative net worth, or facing special competitive or product obsolescence problems, including companies involved in bankruptcy or other reorganization and liquidation proceedings. Investments in such financially troubled companies involve significantly greater risk than investments in non-troubled companies, and the repayment of obligations of financially troubled companies is subject to significant uncertainties. Among the risks inherent in investments in troubled entities is the fact that it frequently may be difficult to obtain information as to the true condition of such issuers. Loans issued by companies in bankruptcy are also highly risky, as there are a number of significant rights throughout the bankruptcy process, which may result in losses to us. Such investments may also be adversely affected by laws relating to, among other things, fraudulent transfers and other voidable transfers or payments, lender liability and the bankruptcy court’s power to disallow, reduce, subordinate
Adviser and Affiliates Risk [Member]
General Description of Registrant [Abstract]
Risk [Text Block]	RISKS RELATED TO OUR ADVISER AND ITS AFFILIATES We may be obligated to pay our Adviser incentive compensation even if we incur a net loss due to a decline in the value of our portfolio. The Amended and Restated Investment Advisory Agreement entitles our Adviser to receive incentive compensation on income regardless of any capital losses. In such case, we may be required to pay our Adviser incentive compensation for a fiscal quarter even if there is a decline in the value of our portfolio or if we incur a net loss for that quarter. We expect that any incentive fee payable by us that relates to our net investment income may be computed and paid on income that may include interest that has been accrued but not yet received. If a portfolio company defaults on a loan that is structured to provide accrued interest, it is possible that accrued interest previously included in the calculation of the incentive fee will become uncollectible. Pursuant to the Amended and Restated Investment Advisory Agreement, our Adviser will not be under any obligation to reimburse us for any part of the incentive fee it received that was based on accrued income that we never received as a result of a default by an entity on the debt instrument that resulted in the accrual of such income, and such circumstances would result in our paying an incentive fee on income we never received. Moreover, to the extent that we are required to recognize in our taxable income such interest income that has been accrued but not yet paid, our payment of incentive fees to the Adviser on such income may make it difficult to meet (or may further amplify existing difficulties in meeting) the Annual Distribution Requirement necessary to maintain RIC tax treatment under the Code. As a result, we may have to sell some of our investments at times and/or at prices we would not consider advantageous, raise additional debt or equity capital or, forgo new investment opportunities for this purpose. If we are not able to obtain cash from other sources, we may fail to qualify for RIC tax treatment and thus become subject to corporate-level U.S. Federal income tax. For additional discussion regarding the tax implications of a RIC, see “U.S. Federal Income Tax Risks — We may be subject to corporate-level U.S. federal taxes if we fail to maintain our qualification as a RIC.” The time and resources that individuals and the executive officers of our Adviser devote to us may be diverted and we may face additional competition due to the fact that neither our Adviser nor its affiliates are prohibited from raising money for or managing another entity that makes the same types of investments that we target. Affiliates and executive officers of the Adviser currently manage other investment entities and are not prohibited from raising money for and managing future investment entities that make the same types of investments as those we target. As a result, the time and resources that the executive officers and individuals employed by the Adviser and its affiliates devote to us may be diverted, and during times of intense activity in other areas of business, they may devote less time and resources to our business than is necessary or appropriate. There are significant potential conflicts of interest that could impact our investment returns. We pay management and incentive fees to our Adviser and reimburse our Adviser for certain expenses it incurs on our behalf. In addition, investors in our Common Stock invest on a gross basis and receive distributions on a net basis after expenses, resulting in a lower rate of return than one might achieve through direct investments. The part of the incentive fee payable by us that relates to our pre-incentive fee net investment income is computed and paid on income that may include interest that is accrued but not yet received in cash. If a portfolio company defaults on a loan that is structured to provide accrued interest, it is possible that accrued interest previously used in the calculation of the incentive fee will become uncollectible which could affect our financial condition, business, and results of operations. Our fee structure may induce our Adviser to make speculative investments or incur debt. The incentive fee payable by us to our Adviser may create an incentive for it to make investments on our behalf that are risky or more speculative than would be the case in the absence of such compensation arrangement. The way in which this incentive fee is determined may encourage the Adviser to use leverage to increase the return on our investments. In addition, the fact that our management fee is payable based upon our gross assets, which would include any borrowings for investment purposes, may encourage our Adviser to use leverage to make additional investments. Under certain circumstances, the use of leverage may increase the likelihood of default, which would disfavor holders of our Common Stock. Such a practice could result in our investing in more speculative securities than would otherwise be the case, which could result in higher investment losses, particularly during cyclical economic downturns. In selecting and structuring investments appropriate for us, our Adviser will consider our investment and tax objectives and those of our stockholders as a whole, not the investment, tax or other objectives of any stockholder individually. Our stockholders may have conflicting investment, tax, and other objectives with respect to their investments in us. The conflicting interests of individual stockholders may relate to or arise from, among other things, the nature of our investments, the structure or the acquisition of our investments, and the timing of the disposition of our investments. As a consequence, conflicts of interest may arise in connection with decisions made by our Adviser, including with respect to the nature or structuring of our investments, that may be more beneficial for one stockholder than for another stockholder, especially with respect to stockholders’ individual tax situations. Our Adviser can resign on 60 days’ notice, and we may not be able to find a suitable replacement within that time, resulting in a disruption in our operations that could adversely affect our financial condition, business, and results of operations. Our Adviser has the right to resign under the Amended and Restated Investment Advisory Agreement at any time upon not less than 60 days’ written notice, whether we have found a replacement or not. If our Adviser were to resign, we may not be able to find a new investment adviser or hire internal management with similar expertise and ability to provide the same or equivalent services on acceptable terms within 60 days, or at all. If we are unable to do so quickly, our operations are likely to experience a disruption, our business, financial condition, results of operations, and cash flows as well as our ability to pay distributions are likely to be adversely affected and the market price of our shares may decline. In addition, the coordination of our internal management and investment activities is likely to suffer if we are unable to identify and reach an agreement with a single institution or group of executives having the expertise possessed by our Adviser and its affiliates. Even if we are able to retain comparable management, whether internal or external, the integration of such management and their lack of familiarity with our investment objective may result in additional costs and time delays that may adversely affect our business, financial condition, results of operations, and cash flows. Our Administrator can resign on 60 days’ notice, and we may not be able to find a suitable replacement, resulting in a disruption in our operations that could adversely affect our financial condition, business, and results of operations. Our Administrator has the right to resign under the Administration Agreement at any time upon not less than 60 days’ written notice, whether we have found a replacement or not. If our Administrator resigns, we may not be able to find a new administrator or hire internal management with similar expertise and ability to provide the same or equivalent services on acceptable terms, or at all. If we are unable to do so quickly, our operations are likely to experience a disruption, our financial condition, business, and results of operations as well as our ability to pay distributions are likely to be adversely affected and the market price of our shares may decline. In addition, the coordination of our internal management and administrative activities is likely to suffer if we are unable to identify and reach an agreement with a service provider or individuals with the expertise possessed by our Administrator. Even if we are able to retain a comparable service provider or individuals to perform such services, whether internal or external, their integration into our business and lack of familiarity with our investment objective may result in additional costs and time delays that may adversely affect our business, financial condition, results of operations and cash flows.
Business Development Companies Risk [Member]
General Description of Registrant [Abstract]
Risk [Text Block]	RISKS RELATED TO BUSINESS DEVELOPMENT COMPANIES Our failure to invest a sufficient portion of our assets in qualifying assets could result in our failure to maintain our status as a BDC. As a BDC, we may not acquire any assets other than “qualifying assets” unless, at the time of and after giving effect to such acquisition, at least 70% of our total assets are qualifying assets. See “Item 1. Business — Regulation as a Business Development Company.” Therefore, we may be precluded from investing in what we believe are attractive investments if such investments are not qualifying assets. We may also be required to re-classify investments previously identified as qualifying assets as non-qualifying assets due to a change in the underlying business, a change in law or regulation, or for other reasons. Similarly, these rules could prevent us from making additional investments in existing portfolio companies, which could result in the dilution of our position, or could require us either to dispose of investments at an inopportune time or to refrain from making additional investments to comply with the 1940 Act. If we were forced to sell non-qualifying investments in our portfolio for compliance purposes, the proceeds from such sales could be significantly less than the current value of such investments. Failure to maintain our status as a BDC would reduce our operating flexibility. If we do not remain a BDC, we might be regulated as a registered closed-end investment company under the 1940 Act, which would subject us to substantially more regulatory restrictions under the 1940 Act and correspondingly decrease our operating flexibility. Regulations governing our operation as a BDC and RIC will affect our ability to raise, and the way in which we raise, additional capital or borrow for investment purposes, which may have a negative effect on our growth. We may need to access the capital markets periodically to raise cash to fund new investments. We may also issue “senior securities,” including borrowing money from banks or other financial institutions, in amounts such that our asset coverage, as defined in the 1940 Act, equals at least 150% after such incurrence or issuance. Our ability to issue different types of securities is also limited. Compliance with these requirements may unfavorably limit our investment opportunities and reduce our ability compared to other companies to profit from favorable spreads between the rates at which we can borrow and the rates at which we can lend. As a BDC, therefore, we intend to continuously issue equity at a rate more frequent than our privately owned competitors, which may lead to greater stockholder dilution. We have incurred leverage to generate capital to make additional investments. If the value of our assets declines, we may be unable to satisfy the asset coverage test under the 1940 Act, which could prohibit us from paying distributions and could prevent us from being subject to tax as a RIC. If we cannot satisfy the asset coverage test, we may be required to sell a portion of our investments and, depending on the nature of our debt financing, repay a portion of our indebtedness at a time when such sales and repayments may be disadvantageous. As of December 31, 2023, our asset coverage calculated in accordance with the 1940 Act was 197%. Under the 1940 Act, we generally are prohibited from issuing or selling our Common Stock at a price per share, after deducting selling commissions and dealer manager fees, that is below NAV per share, which may be a disadvantage as compared to other public companies. We may, however, sell our Common Stock, or warrants, options or rights to acquire our Common Stock, at a price below the then current NAV of our Common Stock if (1) our Board of Directors and independent directors determine that such sale is in our best interests and the best interests of our stockholders, and (2) our stockholders in general, as well as those stockholders that are not affiliated with us approve such sale. In any such case, the price at which our securities are to be issued and sold may not be less than a price that, in the determination of our Board of Directors, closely approximates the fair value of such securities. Our ability to enter into transactions with our affiliates is restricted. The 1940 Act generally prohibits BDCs from entering into negotiated co-investments with affiliates absent an order from the SEC. Unless otherwise provided in the allocation policy, if an investment opportunity is appropriate for both us and other investment funds, the investment opportunity requires more than the price to be negotiated and cannot be effected pursuant to the terms of the co-investment exemptive order, the investment opportunity will be made available to the other investment fund or us on an alternating basis based on the date of closing of each such investment opportunity and each fund’s available capital. As a result, the Adviser and/or its affiliates may face conflicts in allocating investment opportunities between us and such other entities. Although the Adviser and its affiliates will endeavor to allocate investment opportunities in a fair and equitable manner and consistent with applicable allocation procedures, it is possible that, in the future, we may not be given the opportunity to participate in investments made by investment funds managed by the Adviser or its affiliates. Affiliates of our Adviser received exemptive relief from the SEC that permits us greater flexibility to negotiate the terms of co-investments if our Board of Directors determines that it would be advantageous for us to co-invest with other accounts sponsored or managed by the Adviser or its affiliates in a manner consistent with our investment objectives, positions, policies, strategies, and restrictions as well as regulatory requirements and other pertinent factors. Under the terms of this exemptive relief, a “required majority” (as defined in Section 57(o) of the 1940 Act) of our eligible directors is required to make certain conclusions in connection with a co-investment transaction, including that (1) the terms of the proposed transaction are reasonable and fair to us and our stockholders and do not involve overreaching in respect of us or our stockholders on the part of any person concerned and (2) the transaction is consistent with the interests of our stockholders and is consistent with our investment strategies and policies. We believe that co-investment by us and accounts sponsored or managed by the Adviser and its affiliates affords us additional investment opportunities and an ability to build a diverse portfolio. We are uncertain of our sources for funding our future capital needs; if we cannot obtain debt or equity financing on acceptable terms, our ability to acquire investments and to expand our operations will be adversely affected. The net proceeds from offerings of our Common Stock will be used for our investment opportunities, operating expenses, and for payment of various fees and expenses such as management fees, incentive fees, and other fees. Any working capital reserves we maintain may not be sufficient for investment purposes, and we may require debt or equity financing to operate. In order to maintain our RIC tax treatment we must distribute to our stockholders on a timely basis generally an amount equal to at least 90% of our investment company taxable income, determined without regard to any deduction for dividends paid, and the amounts of such distributions will therefore not be available to fund investment originations or to repay maturing debt. In addition, with certain limited exceptions, we are only allowed to borrow amounts or issue debt securities or preferred stock, which we refer to collectively as “senior securities,” such that our asset coverage, as calculated pursuant to the 1940 Act, equals at least 150% immediately after such borrowing, which, in certain circumstances, may restrict our ability to borrow or issue debt securities or preferred stock. Accordingly, in the event that we develop a need for additional capital in the future for investments or for any other reason, these sources of funding may not be available to us. Consequently, if we cannot obtain debt or equity financing on acceptable terms, our ability to acquire investments and to expand our operations will be adversely affected. As a result, we would be less able to achieve portfolio diversification and our investment objective, which may negatively impact our results of operations and reduce our ability to pay distributions to our stockholders.
Investment Risk [Member]
General Description of Registrant [Abstract]
Risk [Text Block]	RISKS RELATED TO OUR INVESTMENTS Our investments in portfolio companies may be risky, and we could lose all or part of our investment. We invest primarily in first and second lien senior secured loans and mezzanine debt and selected equity investments issued by middle market companies. Senior Secured Loans. When we make a senior secured loan to a portfolio company, it will generally take a security interest in the available assets of the portfolio company, including the equity interests of its subsidiaries, which could help mitigate the risk that we will not be repaid. However, there is a risk that the collateral securing our loans may decrease in value over time, may be difficult to sell in a timely manner, may be difficult to appraise, and may fluctuate in value based upon the success of the business and market conditions, including as a result of the inability of the portfolio company to raise additional capital. In some circumstances, our lien could be subordinated to claims of other creditors. In addition, deterioration in a portfolio company’s financial condition and prospects, including its inability to raise additional capital, may be accompanied by deterioration in the value of the collateral for the loan. Consequently, the fact that a loan is secured does not guarantee that we will receive principal and interest payments according to the loan’s terms, or at all, or that we will be able to collect on the loan should it be forced to enforce its remedies. Second Lien, or Other Subordinated Loans or Debt. We may invest in second lien or other subordinated loans. In the event of a loss of value of the underlying assets that collateralize the loans, the subordinate portions of the loans may suffer a loss prior to the more senior portions suffering a loss. If a borrower defaults and lacks sufficient assets to satisfy our loan, we may suffer a loss of principal or interest. If a borrower declares bankruptcy, we may not have full recourse to the assets of the borrower, or the assets of the borrower may not be sufficient to satisfy the loan. Issuers of subordinated debt obligations may be highly leveraged and may not have available to them more traditional sources of financing. During an economic downturn or a sustained period of rising interest rates, such issuers may be more likely to experience financial stress and may be unable to meet their obligations. In addition, certain of our loans may be subordinate to other debt of the borrower. As a result, if a borrower defaults on our loan or on debt senior to our loan, or in the event of the bankruptcy of a borrower, our loan will be satisfied only after all senior debt is paid in full. The Adviser’s ability to amend the terms of our loans, assign our loans, accept prepayments, exercise our remedies (through “standstill periods”) and control decisions made in bankruptcy proceedings relating to borrowers may be limited by intercreditor arrangements if debt senior to our loans exists. Unsecured Loans or Debt. We may invest in unsecured loans which are not secured by collateral. In the event of default on an unsecured loan, the first priority lien holder has first claim to the underlying collateral of the loan. It is possible that no collateral value would remain for an unsecured holder and therefore result in a loss of investment to us. Because unsecured loans are lower in priority of payment to secured loans, they are subject to the additional risk that the cash flow of the borrower may be insufficient to meet scheduled payments after giving effect to the secured obligations of the borrower. Unsecured loans generally have greater price volatility than secured loans and may be less liquid. Middle Market Companies. We will invest in the debt obligations or securities of middle market and/or less well-established companies. While middle market companies may have potential for rapid growth, they often involve higher risks. Middle market companies have more limited financial resources than larger companies and may be unable to meet their obligations under their debt securities that we hold, which may be accompanied by a deterioration in the value of any collateral and a reduction in the likelihood of us realizing any guarantees it may have obtained in connection with our investment. Middle market companies also typically have shorter operating histories, narrower product lines and smaller market shares than larger businesses, which tend to render them more vulnerable to competitors’ actions and market conditions, as well as general economic downturns. Less publicly available information may be available about these companies and they may not be subject to the financial and other reporting requirements applicable to public companies. They are more likely to depend on the management talents and efforts of a small group of persons; therefore, the death, disability, resignation or termination of one or more of these persons could have a material adverse impact on the company and, in turn, on us. Middle market companies may also have less predictable operating results and may require substantial additional capital to support their operations, finance expansion or maintain their competitive position. They may also have difficulty accessing the capital markets to meet future capital needs, which may limit their ability to grow or to repay their outstanding indebtedness upon maturity. Middle market loans may also be subject to greater illiquidity if they are privately negotiated or syndicated in comparison to publicly traded instruments or, if such instruments are publicly traded, there may be smaller relative trading volumes. Investments in Privately Held Companies. While not a primary strategy of ours, we may acquire controlling or minority equity stakes in privately held companies, which may occur, among other ways, by reason of converting debt into equity. The success of our investments in privately held companies that it controls will depend in part on the Adviser’s ability to develop plans and strategies to exploit new business opportunities for such companies as well as the Adviser’s ability to restructure and effect improvements in the operations of such companies. The activity of developing such plans and strategies and of identifying and implementing operational improvements at portfolio companies entails a high degree of uncertainty. There can be no assurance that we will be able to successfully identify and implement such plans, strategies or improvements. To the extent that we own a controlling stake in, or is deemed an affiliate of, a particular company, it may also be subject to certain additional bankruptcy or securities laws restrictions that could affect both the liquidity of our interest and our ability to liquidate our interest without adversely impacting the price thereof, including insider trading restrictions, the affiliate sale restrictions of Rule 144 of the Securities Act and the disclosure requirements of Sections 13 and 16 of the Exchange Act. The exercise of control over a company, depending upon the amount and type of securities owned by us, contractual arrangements between the company and us, and other relevant factual circumstances, could result in an extension to one year of the 90-day bankruptcy preference period with respect to payments made to us. The exercise of control over a company may also provide grounds for challenges to the priority and enforceability of investments or other claims we may have against the company if it is subject to a bankruptcy case or other insolvency proceeding. The success of our investments in minority equity stakes of privately held companies will depend in part on the performance and abilities of such companies’ controlling shareholders. Because we will not control such companies, our ability to exit from such investments may be limited. Additionally, we are likely to have a reduced ability to influence management of such companies. The Adviser may also have disagreements with controlling shareholders over the strategy and operations of such companies. As a result of the foregoing, our equity investments in such companies may perform poorly. Bank Loans. We may invest a portion of our investments in loans originated by banks and other financial institutions. The loans in which we invest may include term loans and revolving loans, may pay interest at a fixed or floating rate and may be senior or subordinated. Purchasers of bank loans are predominantly commercial banks, investment funds and investment banks. As secondary market trading volumes for bank loans increase, new bank loans are frequently adopting standardized documentation to facilitate loan trading which should improve market liquidity. There can be no assurance, however, that future levels of supply and demand in bank loan trading will provide an adequate degree of liquidity, that current levels of liquidity will persist and that the market will not experience periods of significant illiquidity in the future. In addition, we may make investments in stressed or distressed bank loans which are often less liquid than performing bank loans. We may acquire interests in bank loans either directly (by way of sale or assignment) or indirectly (by way of participation). The purchaser of an assignment typically succeeds to all the rights and obligations of the assigning institution and becomes a lender under the credit agreement with respect to the debt obligation; however, its rights can be more restricted than those of the assigning institution. Participation interests in a portion of a debt obligation typically result in a contractual relationship only with the institution participating out the interest, not with the borrower. In purchasing participations, we generally will have no right to enforce compliance by the borrower with the terms of the loan agreement, nor any rights of set-off against the borrower, and we may not directly benefit from the collateral supporting the debt obligation in which it has purchased the participation. As a result, we will assume the credit risk of both the borrower and the institution selling the participation. The settlement process for the purchase of bank loans can take several days and, in certain instances, several weeks longer than a bond trade. The longer a trade is outstanding between the counterparties, the higher the possible risk of additional operational and settlement issues and the potential for our counterparty to fail to perform. Public Debt. In the event that we acquire fixed income securities and/or other instruments that are publicly traded, which may include securities that are rated below investment grade by rating agencies or that would be rated below investment grade if they were rated, we will be subject to certain inherent risks. Below investment grade securities, which are often referred to as "high yield," "speculative" or "junk," have predominantly speculative characteristics with respect to the issuer's capacity to pay interest and repay principal. In some circumstances, we may be unable to obtain financial covenants or other contractual rights, including management rights, that it might otherwise be able to obtain in making privately-negotiated debt investments. Moreover, we may not have the same access to information in connection with investments in public instruments, either when investigating a potential investment or after making an investment, as compared to a privately-negotiated debt investment. Term Loans, Delayed Draw Term Loans, or Revolvers. We may invest in a variety of different types of debt, including but not limited to term loans, delayed draw term loans, bridge loans, and revolving loans. A term loan is a loan that has a specified repayment schedule. A delayed draw term loan is a loan that typically permits the borrower to withdraw predetermined portions of the total amount borrowed at certain times. A revolving credit facility differs from a delayed draw term loan in that as the borrower repays the loan, an amount equal to the repayment may be borrowed again during the term of the revolving credit facility. Delayed draw term loans and revolving credit facilities usually provide for floating or variable rates of interest. If we enter into or acquires a commitment with a borrower regarding a delayed draw term loan or a revolver, we will be obligated on one or more dates in the future to lend the borrower monies (up to an aggregate stated amount) if called upon to do so by the borrower. These commitments may have the effect of requiring us to increase our investment in a borrower at a time when it might not otherwise decide to do so (including at a time when the company’s financial condition makes it unlikely that such amounts will be repaid). Delayed draw term loans and revolvers may be subject to restrictions on transfer, and only limited opportunities may exist to resell such instruments. As a result, we may be unable to sell such investments at an opportune time or may have to resell them at less than fair market value. Financially Troubled Companies. We may invest in the obligations of companies that are in weak financial condition, experiencing poor operating results, having substantial capital needs or negative net worth, or facing special competitive or product obsolescence problems, including companies involved in bankruptcy or other reorganization and liquidation proceedings. Investments in such financially troubled companies involve significantly greater risk than investments in non-troubled companies, and the repayment of obligations of financially troubled companies is subject to significant uncertainties. Among the risks inherent in investments in troubled entities is the fact that it frequently may be difficult to obtain information as to the true condition of such issuers. Loans issued by companies in bankruptcy are also highly risky, as there are a number of significant rights throughout the bankruptcy process, which may result in losses to us. Such investments may also be adversely affected by laws relating to, among other things, fraudulent transfers and other voidable transfers or payments, lender liability and the bankruptcy court’s power to disallow, reduce, subordinate or disenfranchise particular claims. Such companies’ securities may be considered speculative, and the ability of such companies to pay their debts on schedule could be affected by adverse interest rate movements, changes in the general economic climate, economic factors affecting a particular industry or specific developments within such companies. Additionally, we could invest in the securities of financially troubled companies that are non-U.S. issuers. Such non-U.S. issuers may be subject to bankruptcy and reorganization processes and proceedings that are not comparable to those in the United States and that may be less favorable to the rights of lenders. There is no assurance that the Adviser or their affiliates will correctly evaluate the value of the assets underlying the securities or obligations purchased by us or the prospects for a successful reorganization or similar action. In any reorganization or liquidation proceeding relating to a company in which we invest, we may lose our entire investment, may be required to accept cash or securities with a value less than our original investment and/or may be required to accept payment over an extended period of time. Under such circumstances, the returns generated may not compensate the shareholders adequately for the risks assumed. In liquidation (both in and out of bankruptcy) and other forms of corporate reorganization, there exists the risk that the reorganization will be unsuccessful (due to, for example, failure to obtain requisite approvals), will be delayed (for example, until various liabilities, actual or contingent, have been satisfied) or will result in a distribution of cash or a new security the value of which will be less than the purchase price of the security in respect of which such distribution is made. In certain transactions, we may not be “hedged” against market fluctuations, or, in liquidation situations, may not accurately value the assets of the company being liquidated. This can result in losses, even if the proposed transaction is consummated. High Yield Debt. We may invest in high yield debt, a substantial portion of which may be rated below investment-grade by one or more nationally recognized statistical rating organizations or which may be unrated but of comparable credit quality to obligations rated below investment-grade, and have greater credit and liquidity risk than more highly rated debt obligations. High yield debt is generally unsecured and may be subordinate to other obligations of the obligor. The lower rating of high yield debt reflects a greater possibility that adverse changes in the financial condition of the obligor or in general economic conditions (including, for example, a substantial period of rising interest rates or declining earnings) or both may impair the ability of the obligor to make payment of principal and interest. Many issuers of high yield debt are highly leveraged, and their relatively high debt-to-equity ratios create increased risks that their operations might not generate sufficient cash flow to service their debt obligations. In addition, many issuers of high yield debt may be in poor financial condition, experiencing poor operating results, having substantial capital needs or negative net worth or be facing special competitive or product obsolescence problems, and may include companies involved in bankruptcy or other reorganizations or liquidation proceedings. Certain of these securities may not be publicly traded, and, therefore, it may be difficult to obtain information as to the true condition of the issuers. Overall declines in the below investment-grade bond and other markets may adversely affect such issuers by inhibiting their ability to refinance their debt at maturity. High yield debt is often less liquid than higher rated securities. High yield debt is often issued in connection with leveraged acquisitions or recapitalizations in which the issuers incur a substantially higher amount of indebtedness than the level at which they had previously operated. High yield debt has historically experienced greater default rates than has been the case for investment-grade securities. We may also invest in equity securities issued by entities with unrated or below investment-grade debt. High yield debt may also be in the form of zero-coupon or deferred interest bonds, which are bonds which are issued at a significant discount from face value. The original discount approximates the total amount of interest the bonds will accrue and compound over the period until maturity or the first interest accrual date at a rate of interest reflecting the market rate of the security at the time of issuance. While zero-coupon bonds do not require the periodic payment of interest, deferred interest bonds generally provide for a period of delay before the regular payment of interest begins. Such investments experience greater volatility in market value due to changes in the interest rates than bonds that that provide for regular payments of interest. Levered Entities. We may make investments whose capital structures have significant leverage. Such investments are inherently more sensitive to declines in revenues and asset values and to increases in expenses and interest rates. The leveraged capital structure of such investments will increase the exposure of the investments to adverse economic factors such as downturns in the economy or deterioration in the condition of the investment, its underlying assets or its industry. Additionally, depending on the level in the capital structure in which we acquire investments, we may be subject to a greater risk of loss than if it acquires securities higher in a capital structure. Convertible Securities. We may invest in convertible securities, which are bonds, debentures, notes, preferred stocks or other securities that may be converted into or exchanged for a specified amount of common stock of the same or different issuer within a particular period of time at a specified price or formula. A convertible security entitles the holder to receive interest that is generally paid or accrued on debt or a dividend that is paid or accrued on preferred stock until the convertible security matures or is redeemed, converted or exchanged. Convertible securities have unique investment characteristics in that they generally (i) have higher yields than common stocks, but lower yields than comparable non-convertible securities, (ii) are less subject to fluctuation in value than the underlying common stock due to their fixed-income characteristics and (iii) provide the potential for capital appreciation if the market price of the underlying common stock increases. The value of a convertible security is a function of its “investment value” (determined by its yield in comparison with the yields of other securities of comparable maturity and quality that do not have a conversion privilege) and its “conversion value” (the security’s worth, at market value, if converted into the underlying common stock). The investment value of a convertible security is influenced by changes in interest rates, with investment value declining as interest rates increase and increasing as interest rates decline. The credit standing of the issuer and other factors may also have an effect on the convertible security’s investment value. The conversion value of a convertible security is determined by the market price of the underlying common stock. If the conversion value is low relative to the investment value, the price of the convertible security is governed principally by its investment value. To the extent the market price of the underlying common stock approaches or exceeds the conversion price, the price of the convertible security will be increasingly influenced by its conversion value. A convertible security generally will sell at a premium over its conversion value by the extent to which investors place value on the right to acquire the underlying common stock while holding a fixed-income security. Generally, the amount of the premium decreases as the convertible security approaches maturity. A convertible security may be subject to redemption at the option of the issuer at a price established in the convertible security’s governing instrument. If a convertible security held by us is called for redemption, we will be required to permit the issuer to redeem the security, convert it into the underlying common stock or sell it to a third-party. Any of these actions could have an adverse effect on our ability to achieve our investment objective. Equity Securities. We may hold investments in equity securities. Equity securities may include common and preferred stocks and warrants, rights and equivalents. As with other investments that we may make, the value of equity securities held by us may be adversely affected by actual or perceived negative events relating to the issuer of such securities, the industry or geographic areas in which such issuer operates or the financial markets generally. However, equity securities may be even more susceptible to such events given their subordinate position in the issuer’s capital structure. As such, equity securities generally have greater price volatility than fixed income securities or debt instruments. Preferred securities are subordinated to bonds and other debt securities in an issuer’s capital structure in terms of priority for corporate income and liquidation payments and, therefore, will be subject to greater credit risk than those debt securities. Depending on the features of the particular security, holders of preferred stock may bear the risks disclosed herein regarding equity or fixed income securities. Dividends paid to equity holders may be suspended or cancelled at any time, and minority owners may have limited protections. In addition, if an issuer of equity securities in which we have invested sells additional shares of its equity securities, our interest in the issuer will be diluted and the value of our investment may decrease. Warrants. We may hold warrants or rights. Warrants and rights generally give the holder the right to receive, upon exercise, a security of the issuer at a stated price. Risks associated with the use of warrants and rights are generally similar to risks associated with the use of options. Unlike most options, however, warrants and rights are issued in specific amounts, and warrants generally have longer terms than options. Warrants and rights are not likely to be as liquid as exchange-traded options backed by a recognized clearing agency. In addition, the terms of warrants or rights may limit our ability to exercise the warrants or rights at such time, or in such quantities, as we would otherwise wish. Covenant-Lite Loans. We may invest in covenant-lite loans, which contain limited, if any, financial covenants. Generally, such loans either do not require the obligor to maintain debt service or other financial ratios or do not contain common restrictions on the ability of the obligor to change significantly its operations or to enter into other significant transactions that could affect its ability to repay such loans. As a result, our exposure to different risks may be increased, including with respect to liquidity, price volatility and ability to restructure loans, than is the case with loans that have such requirements and restrictions. Cash and Other Investments. We may invest all or a portion of our assets in cash or cash items for investment purposes, pending other investments or as provision of margin for derivatives contracts. These cash items may include money market instruments such as negotiable or non-negotiable securities issued by or short-term deposits with the U.S. and non-U.S. governments and agencies or instrumentalities thereof, bankers’ acceptances, high quality commercial paper, repurchase agreements, bank certificates of deposit, and short-term debt securities of U.S. or non-U.S. issuers deemed to be creditworthy by the Adviser. We may also hold interests in investment vehicles that hold cash or cash items. While investments in cash items generally involve relatively low risk levels, they may produce lower than expected returns, and could result in losses. Investments in cash items and money market funds may also provide less liquidity than we anticipated at the time of investment. Our investments are subject to interest rate risk. “Interest rate risk” refers to the risks associated with market changes in interest rates. Interest rate changes may affect the value of a debt instrument indirectly (especially in the case of fixed rate securities) and directly (especially in the case of instruments whose rates are adjustable). In general, rising interest rates will negatively impact the price of a fixed rate debt instrument and falling interest rates will have a positive effect on price. Adjustable rate instruments also react to interest rate changes in a similar manner although generally to a lesser degree (depending, however, on the characteristics of the reset terms, including the index chosen, frequency of reset and reset caps or floors, among other factors). Interest rate sensitivity is generally more pronounced and less predictable in instruments with uncertain payment or prepayment schedules. Our debt investments are subject to prepayment or refinancing risk. The terms of loans in which we invest may permit the borrowers to voluntarily prepay loans at any time, either with no or a nominal prepayment premium. This prepayment right could result in the borrower repaying the principal on an obligation held by us earlier than expected. This could happen when there is a decline in interest rates, when the borrower’s improved credit or operating or financial performance allows the refinancing of certain classes of debt with lower cost debt. The yield of our investment assets may be affected by the rate of prepayments differing from the Adviser’s expectations. Assuming an improvement in the credit market conditions, early repayments of the debt held by us could increase. To the extent early prepayments increase, they may have a material adverse effect on our investment objectives and profits. In addition, if we are unable to reinvest the proceeds of such prepayments received in investments expected to be as profitable, the proceeds generated by us will decline as compared to the Adviser’s expectations. Our assets may include loans for which most or all of the principal is due at maturity. The ability of the obligor(s) under such loan to make such a large payment upon maturity could depend upon its ability to refinance the loan prior to maturity. The ability of an obligor to consummate a refinancing will be affected by many factors, including the availability of financing at acceptable rates to such obligor, the financial condition of such obligor, the marketability of the collateral (if any) securing such loan, the operating history of the obligor and related businesses, tax laws and prevailing general economic conditions. Additionally, middle market or smaller obligors generally have more limited access to capital and higher funding costs, may be in a weaker financial position, may need more capital to expand or compete, and may be unable to obtain financing from public capital markets or from more traditional sources, such as commercial banks. Consequently, such obligor may not have the ability to repay the loan at maturity and, unless it is able to refinance such loan, it could default in payment at maturity, which could result in losses to us and, indirectly, to the shareholders. Significant numbers of obligors are expected to need to refinance their debt over the next few years, and significant numbers of collateralized loan obligation transactions (historically an important source of funding for loans) have reached or are close to reaching the end of their reinvestment periods or the final maturities of their own debt. As a result, there could be significant pressure on the ability of obligors to refinance their debt over the next few years unless a significant volume of new collateralized loan obligation transactions or other sources of funding develop. If such sources of funding do not develop, significant defaults in our assets could occur, and there could be downward pressure on the prices and markets for debt instruments, including assets held by us. In certain circumstances, it may be in our interest to participate in a refinance, including later in our life, however, our ability to so participate depends on availability of our capital. In addition, other funds may participate in a refinancing, which may cause conflicts of interest, and there is no guarantee that such conflicts would be resolved in our interest. We may determine to restructure investments in a manner that would extend the maturity of such investments. Our investments are generally subject to credit risk. “Credit risk” refers to the likelihood that an issuer will default in the payment of principal and/or interest on an instrument, in which case we may lose some or all of our investment in that instrument, subject us to loss. Financial strength and solvency of an issuer are the primary factors influencing credit risk. In addition, subordination, lack or inadequacy of collateral or credit enhancement for a debt instrument may affect its credit risk. Credit risk may change over the life of an instrument and securities which are rated by rating agencies are often reviewed and may be subject to downgrade. A significant downturn in the economy or a particular economic sector could have a significant impact on the business prospects of the companies to which we are invested and their ability to comply with their loan repayment obligations, or their ability to refinance such obligations. In addition, credit ratings may be assigned by various credit rating agencies to loans or other debt instruments that may be acquired by us reflect only the views of those agencies. Explanations of the significance of ratings should be obtained from such credit rating agencies. No assurance can be given that ratings assigned will not be withdrawn or revised downward if, in the view of such credit rating agency, circumstances so warrant. Ratings may be wrong or ratings agencies may not adjust their ratings in real time. We and our investments are subject to risk
Debt Financing Risk [Member]
General Description of Registrant [Abstract]
Risk [Text Block]	RISKS RELATED TO DEBT FINANCING We have entered into revolving credit facilities that contain various covenants which, if not complied with, could accelerate repayment under such credit facilities, thereby materially and adversely affecting our liquidity, financial condition, results of operations and our ability to pay distributions to our stockholders. The agreements governing certain financing arrangements require us and any of our special purpose financing subsidiaries party to such arrangements to comply with certain financial and operational covenants. These covenants require us and our subsidiaries to, among other things, maintain certain financial ratios, including asset coverage and minimum stockholders’ equity. Compliance with these covenants depends on many factors, some of which are beyond our and their control. In the event of deterioration in the capital markets and pricing levels, net unrealized depreciation in our and our subsidiaries’ portfolios may increase in the future and could result in non-compliance with certain covenants, or our taking actions which could disrupt our business and impact our ability to meet our investment objective. For example, the agreements governing a credit facility require applicable special purpose vehicles (“SPVs”) to comply with certain operational covenants, including maintaining eligible assets with an aggregate value equal to or exceeding a specified multiple of the borrowings under the credit facility, and a decline in the value of assets owned by the SPV could result in our being required to contribute additional assets to the SPV. There can be no assurance that we and our subsidiaries will continue to comply with the covenants under any financing arrangements that we may enter into. Failure to comply with these covenants could result in a default. If we and our subsidiaries were unable to obtain a waiver from the debt holders, such a default could accelerate repayment under any or all of our and their debt instruments and thereby force us to liquidate investments at a disadvantageous time and/or at a price which could result in losses, or allow our lenders to sell assets pledged as collateral under our financing arrangements in order to satisfy amounts due thereunder. These occurrences could have a material adverse impact on our liquidity, financial condition, results of operations and ability to pay distributions.
Leverage Risk [Member]
General Description of Registrant [Abstract]
Risk [Text Block]	Because we borrow money, the potential for gain or loss on amounts invested in us will be magnified and may increase the risk of investing in us. The use of borrowings, also known as leverage, including through the issuance of senior securities that are debt or stock, increases the volatility of investments by magnifying the potential for gain or loss on invested equity capital. Because we use leverage to partially finance our investments, through borrowing from banks and other lenders, you will experience increased risks of investing in our Common Stock. If the value of our assets increases, leveraging would cause the NAV to increase more sharply than it would have had we not leveraged. Conversely, if the value of our assets decreases, leveraging would cause our NAV to decline more sharply than it otherwise would have had we not leveraged. Similarly, any increase in our income in excess of interest payable on the borrowed funds would cause our net income to increase more than it would without the leverage, while any decrease in our income would cause net income to decline more sharply than it would have had we not borrowed. Such a decline could negatively affect our ability to make Common Stock distribution payments. Leverage is generally considered a speculative investment technique. The following table illustrates the effects of leverage on returns from an investment in shares of Common Stock, assuming various hypothetical annual returns, net of expenses. The calculations are hypothetical and actual returns may be higher or lower than those appearing below. The calculation assumes (i) $889.4 million in total assets, (ii) a weighted average cost of funds of 7.76%, (iii) $400.0 million of debt outstanding (i.e. assumes that the full amount is available to us under our JPM Credit Facility as of December 31, 2023) and (iv) $388.1 million in stockholders’ equity and (v) no incentive fees payable by us to the Adviser. In order to compute the “Corresponding return to stockholders,” the “Assumed Return on Our Portfolio (net of expenses)” is multiplied by the assumed total assets to obtain an assumed return to us. From this amount, the interest expense is calculated by multiplying the assumed weighted average cost of funds by the assumed debt outstanding, and the product is subtracted from the assumed return to us in order to determine the return available to stockholders. The return available to stockholders is then divided by our stockholders’ equity to determine the “Corresponding return to stockholders.” Actual interest payments may be different. See “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations—Related Party Transactions and Agreements—Borrowings” for further information regarding our Borrowings. Assumed Return on Our Portfolio (net of expenses) (10)% (5)% —% 5% 10% Corresponding return to stockholders (1) (30.91)% (19.45)% (8.00)% 3.46% 14.92% (1) In order for us to cover our hypothetical annual interest payments on indebtedness, we would need to achieve annual returns on our December 31, 2023 total assets of at least 3.49%.
Corporate Structure, Common Stock, and Preferred Stock Risks [Member]
General Description of Registrant [Abstract]
Risk [Text Block]	RISKS RELATING TO OUR CORPORATE STRUCTURE, COMMON STOCK AND PREFERRED STOCK Shares of our Common Stock will not be listed on an exchange or quoted through a quotation system for the foreseeable future, if ever. Therefore, stockholders will have limited liquidity and may not receive a full return of their invested capital if they sell shares of our Common Stock. Shares of our Common Stock are illiquid assets for which there is not expected to be any secondary market nor is it expected that any will develop in the future. We intend to seek a liquidity event for our stockholders within four years following the end of the Initial Closing Period, which has been extended by two one-year extensions by our Board of Directors. However, there can be no assurance that we will complete a liquidity event within such time or at all. We expect that our Board of Directors, in the exercise of its duties to us, will determine to pursue a liquidity event when it believes that then-current market conditions are favorable for a liquidity event, and that such an event is in our best interests. A liquidity event could include (1) a merger or another transaction approved by our Board of Directors in which our stockholders will receive cash or shares of a publicly traded company (or a company that becomes publicly traded concurrently with the closing of such transaction), which may include an entity advised by the Adviser or its affiliates, (2) an IPO or an Exchange Listing of our Common Stock on a national securities exchange or (3) the sale of all or substantially all of our assets either on a complete portfolio basis or individually followed by a liquidation. In making a determination of what type of liquidity event is in our best interests, our Board of Directors, including our independent directors, may consider a variety of criteria, including, but not limited to, market conditions, portfolio diversification, portfolio performance, our financial condition, potential access to capital as a listed company, market conditions for the sale of our assets or listing of our Common Stock, internal management requirements to become a perpetual life company and the potential for stockholder liquidity. If our shares are listed, we cannot assure a public trading market will develop. Potential investors should also be aware that shares of publicly traded closed-end investment companies may trade at a discount to their NAV. If our Common Stock is eventually listed on a national exchange, we would not be able to predict whether our Common Stock would trade above, at or below NAV. This risk is separate and distinct from the risk that our NAV may decline. We are not obligated to complete a liquidity event by a specified date; therefore, it will be difficult to sell shares of our Common Stock. We intend to seek a potential liquidity event for our stockholders within four years following the end of the Initial Closing Period, which has been extended by two one-year extensions by our Board of Directors. We expect that our Board of Directors, in the exercise of the requisite standard of care applicable to directors under Delaware law, will determine to pursue a liquidity event when it believes that then-current market conditions are favorable for a liquidity event, and that such a transaction is in our best interests. A liquidity event could include (1) a merger or another transaction approved by our Board of Directors in which our stockholders will receive cash or shares of a publicly traded company (or a company that becomes publicly traded concurrently with the closing of such transaction), which may include an entity advised by the Adviser or its affiliates, (2) an IPO or an Exchange Listing of our Common Stock on a national securities exchange or (3) the sale of all or substantially all of our assets either on a complete portfolio basis or individually followed by a liquidation. However, there can be no assurance that we will complete a liquidity event within such time or at all. If we do not successfully complete a liquidity event, liquidity for shares will be limited. In addition, in any repurchase offer, if the amount requested to be repurchased in any repurchase offer exceeds the repurchase offer amount, repurchases of shares of Common Stock would generally be made on a pro rata basis (based on the number of shares of Common Stock put to us for repurchases), not on a first-come, first-served basis. There is no assurance that our Board of Directors will adopt a repurchase program at the end of the Drawdown Period or at all, and our Board of Directors may amend, suspend or terminate any such repurchase program at any time in its discretion. Our stockholders may experience dilution in their ownership percentage, which could reduce the overall value of their investment. Our stockholders do not have preemptive rights to any shares of Common Stock we issue in the future. To the extent that we issue additional equity interests at or below NAV an existing stockholder’s percentage ownership interest in us may be diluted. In addition, depending upon the terms and pricing of any future sales of Common Stock and the value of our investments, stockholders may also experience dilution in the book value and fair value of their shares of our Common Stock. Under the 1940 Act, we generally are prohibited from issuing or selling our Common Stock at a price below NAV per share, which may be a disadvantage as compared with certain public companies. We may, however, sell shares of our Common Stock, or warrants, options, or rights to acquire shares of our Common Stock, at a price below the current NAV of shares of our Common Stock if our Board of Directors determines that such sale is in our best interests and the best interests of our stockholders, and our stockholders, including a majority of those stockholders that are not affiliated with us, approve such sale. In any such case, the price at which our securities are to be issued and sold may not be less than a price that, in the determination of our Board of Directors, closely approximates the fair value of such securities (less any distribution, commission or discount). If we raise additional funds by issuing shares of our Common Stock or senior securities convertible into, or exchangeable for, shares of our Common Stock, then the percentage ownership of our stockholders at that time will decrease and existing stockholders will experience dilution. Purchases of shares of our Common Stock pursuant to the Subscription Agreements will generally be made pro rata, in accordance with the remaining capital commitments of all investors. However, we may request capital contributions on a non-pro rata basis in accordance with the terms of the Subscription Agreements. To the extent an investor is required to purchase less than its pro rata share of a drawdown of investor capital commitments, such stockholder will experience dilution in their percentage ownership of us. Under the terms of our charter, our Board of Directors is authorized to issue shares of preferred stock with rights and privileges superior to common stockholders without common stockholder approval. Under the terms of our charter, our Board of Directors is authorized to issue shares of preferred stock in one or more series without stockholder approval. Our Board of Directors has discretion to set the terms, preferences, conversion or other rights, voting powers, restrictions, limitations as to dividends or other distributions, qualifications, and terms or conditions of redemption for each class or series of preferred stock. Every issuance of preferred stock will be required to comply with the requirements of the 1940 Act, including among other things, that (1) immediately after issuance and before any distribution is made with respect to our Common Stock and before any purchase of Common Stock is made, such preferred stock together with all other senior securities must not exceed an amount equal to 50% of our total assets after deducting the amount of such distribution or purchase price, as the case may be, and (2) the holders of shares of preferred stock, if any are issued, must be entitled as a class to elect two directors at all times and to elect a majority of the directors if distributions on such preferred stock are in arrears by two years or more. Certain matters under the 1940 Act require the separate vote of the holders of any issued and outstanding preferred stock. Provisions of the Delaware General Corporation Law and of our certificate of incorporation and bylaws could deter takeover attempts and have an adverse effect on the price of our Common Stock. The Delaware General Corporation Law, as amended (the “DGCL”), contains provisions that may discourage, delay or make more difficult a change in control of us or the removal of our directors. Our certificate of incorporation and bylaws contain provisions that limit liability and provide for indemnification of our directors and officers. These provisions and others which we may adopt also may have the effect of deterring hostile takeovers or delaying changes in control or management. We are subject to Section 203 of the DGCL, the application of which is subject to any applicable requirements of the 1940 Act. This section generally prohibits us from engaging in mergers and other business combinations with stockholders that beneficially own 15% or more of our voting stock, either individually or together with their affiliates, unless our directors or stockholders approve the business combination in the prescribed manner. Our Board of Directors will adopt a resolution exempting from Section 203 of the DGCL any business combination between us and any other person, subject to prior approval of such business combination by our Board of Directors, including approval by a majority of our directors who are not “interested persons.” If our Board of Directors does not adopt, or adopts but later repeals such resolution exempting business combinations, or if our Board of Directors does not approve a business combination, Section 203 of the DGCL may discourage third parties from trying to acquire control of us and increase the difficulty of consummating such an offer. We have also adopted measures that may make it difficult for a third party to obtain control of us, including provisions of our certificate of incorporation that classify our Board of Directors in three classes serving staggered three-year terms, and provisions of our certificate of incorporation authorizing our Board of Directors to classify or reclassify shares of our preferred stock in one or more classes or series, to cause the issuance of additional shares of our Common Stock, and to amend our certificate of incorporation, without stockholder approval, to increase or decrease the number of shares of stock that we have authority to issue. These provisions, as well as other provisions we have adopted in our certificate of incorporation and bylaws, may delay, defer or prevent a transaction or a change in control in circumstances that could give our stockholders the opportunity to realize a premium of the NAV of shares of our Common Stock. The issuance of shares of our Series A Preferred Stock, par value $0.001 per share dilutes the relative voting power and ownership of holders of our Common Stock. Our Series A Preferred Stock is convertible at the option of either the holder of Series A Preferred Stock or us at any time commencing six months following the closing date of a liquidity event. The holders of Series A Preferred Stock are entitled to vote, on an as-converted basis, together with holders of our Common Stock on all matters submitted to a vote of the holders of our Common Stock, except for the election of our preferred directors. Therefore, the issuance of our Series A Preferred Stock effectively reduces the relative voting power of the holders of our Common Stock because the conversion of our Series A Preferred Stock into Common Stock would dilute the ownership interest of existing holders of our Common Stock. Our Series A Preferred Stock may be unrated securities. We intend to achieve an investment grade rating for our Series A Preferred Stock from a nationally recognized statistical ratings organization (“NRSRO”) and to seek a second rating from another NRSRO within two years of the initial closing of the private placement of our Series A Preferred Stock. However, there is no assurance that we will receive a rating, or the desired rating, from a NRSRO and may remain unrated. Our Series A Preferred Stock is subordinate to our existing and future indebtedness. While preferred stockholders, including holders of our Series A Preferred Stock, will have equal liquidation and distribution rights to any other series of preferred stock, they are subordinated to our existing and future indebtedness. Therefore, dividends, distributions and other payments to preferred stockholders in liquidation or otherwise may be subject to prior payments due to the holders of senior indebtedness. Holders of our Series A Preferred Stock bear dividend risk. We may be unable to pay dividends on our Series A Preferred Stock under some circumstances. The terms of any future indebtedness we may incur could preclude the payment of dividends in respect of equity securities, including our Series A Preferred Stock, under certain conditions. U.S. FEDERAL INCOME TAX RISKS We may be subject to corporate-level U.S. federal taxes if we fail to maintain our qualification as a RIC. To maintain RIC tax treatment under the Code, we must meet the following annual distribution, income source and asset diversification requirements. • The Annual Distribution Requirement for a RIC will be satisfied if we distribute to our stockholders on an annual basis at least 90% of our net ordinary income and net short-term capital gain in excess of net long-term capital loss, if any. We may be subject to corporate-level U.S. federal income tax on any of our undistributed income or gain. Additionally, we will be subject to a 4% nondeductible federal excise tax to the extent that we do not satisfy certain additional minimum distribution requirements on a calendar-year basis. Because we use debt financing, we are subject to an asset coverage ratio requirement under the 1940 Act and may in the future become subject to certain financial covenants under loan and credit agreements that could, under certain circumstances, restrict us from making distributions necessary to satisfy the distribution requirements. If we are unable to obtain cash from other sources, we could fail to qualify for RIC tax treatment and thus become subject to corporate-level income tax. • The income source requirement will be satisfied if we obtain at least 90% of our gross income for each year from dividends, interest, gains from the sale of stock or securities, gains from the sale of foreign currency, from other income derived with respect to our business of investing in such sources of income, and net income attributable to a qualified publicly traded partnership. • The asset diversification requirement will be satisfied if we meet certain asset diversification requirements at the end of each quarter of our taxable year. To satisfy this requirement, at least 50% of the value of our assets must consist of cash, cash equivalents, U.S. Government securities, securities of other RICs, and other acceptable securities; and no more than 25% of the value of our assets can be invested in the securities, other than U.S. government securities or securities of other RICs, of one issuer, of two or more issuers that are controlled, as determined under applicable Code rules, by us and that are engaged in the same or similar or related trades or businesses or of certain “qualified publicly traded partnerships.” Failure to meet these requirements may result in our having to dispose of certain investments quickly in order to prevent the loss of RIC status. Because most of our investments will be in private companies, and therefore will be relatively illiquid, any such dispositions could be made at disadvantageous prices and could result in substantial losses. If we fail to maintain RIC tax treatment for any reason and are subject to corporate-level U.S. federal income tax on all of our income, the resulting corporate taxes could substantially reduce our net assets, the amount of income available for distribution and the amount of our distributions. Even if we qualify as a RIC, we will be required to pay corporate-level U.S. federal income taxes on any income or capital gains that we do not distribute (or deemed to be distributed) to stockholders. We may also be subject to certain U.S. federal excise taxes, as well as state, local and foreign taxes. We may have difficulty paying our required distributions if we recognize income before or without receiving cash representing such income. For U.S. federal income tax purposes, we may be required to recognize taxable income in circumstances in which we do not receive a corresponding payment in cash. For example, if we hold debt obligations that are treated under applicable tax rules as having original issue discount (such as debt instruments with PIK interest or, in certain cases, increasing interest rates or debt instruments that were issued with warrants), we must include in income each year a portion of the original issue discount that accrues over the life of the obligation, regardless of whether cash representing such income is received by us in the same taxable year. We may also have to include in income other amounts that we have not yet received in cash, such as deferred loan origination fees that are paid after origination of the loan or are paid in non-cash compensation such as warrants or stock. We anticipate that a portion of our income may constitute original issue discount or other income required to be included in taxable income prior to receipt of cash. Further, we have elected to amortize market discounts and include such amounts, if any, in our annual taxable income, instead of upon disposition, as electing not to do so could potentially limit our ability to deduct interest expenses for tax purposes. Because any original issue discount or other amounts accrued will be included in our investment company taxable income for the year of the accrual, we may be required to make a distribution to our stockholders in order to satisfy the Annual Distribution Requirement, even though we will not have received any corresponding cash amount. As a result, we may have difficulty meeting the Annual Distribution Requirement necessary to maintain RIC tax treatment under the Code. We may have to sell some of our investments at times and/or at prices we would not consider advantageous, raise additional debt or equity capital or forgo new investment opportunities for this purpose. If we are not able to obtain cash from other sources, we may fail to qualify for RIC tax treatment and thus become subject to corporate-level U.S. federal income tax. You may receive shares of our Common Stock as distributions which could result in adverse tax consequences to you. In order to satisfy the Annual Distribution Requirement applicable to RICs, we may have the ability to declare a large portion of a distribution in shares of our Common Stock instead of in cash, provided that stockholders have the right to elect to receive their distribution in cash. As long as a portion of such distribution is payable in cash (which portion can be as low as 20% based on certain rulings by the IRS) and certain requirements are met, the entire distribution to the extent of our current and accumulated earnings and profits would be a dividend for U.S. federal income tax purposes. If too many stockholders elect to receive their distributions in cash, each stockholder electing to receive his/her distribution in cash would receive a pro rata portion of his/her distribution in cash and the remaining portion of the distribution would be paid in shares of our Common Stock. As a result, a stockholder would be taxed on the entire distribution in the same manner as a cash distribution, even though a portion of the distribution was paid in shares of our Common Stock, and a stockholder may be required to pay tax with respect to such dividends in excess of any cash received. If a stockholder sells the stock it receives as a dividend in order to pay this tax, the sales proceeds may be less than the amount included in income with respect to the dividend, depending on the market price of our stock at the time of the sale. Furthermore, with respect to non-U.S. stockholders, we may be required to withhold U.S. tax with respect to such dividends, including in respect of all or a portion of such dividend that is payable in stock. In addition, if a significant number of our stockholders determine to sell shares of our Common Stock in order to pay taxes owed on dividends, then such sales may put downward pressure on the trading price of our Common Stock. You may have current tax liability on distributions you elect to reinvest in our Common Stock but would not receive cash from such distributions to pay such tax liability. Participants in our distribution reinvestment plan will be deemed to have received, and for U.S. federal income tax purposes will be taxed on, the fair market value of our Common Stock that they receive to the extent such amount was not a tax-free return of capital. As a result, unless a stockholder is a tax-exempt entity, it may have to use funds from other sources to pay its tax liability on the value of our Common Stock received from the distribution. If we do not qualify as a “publicly offered regulated investment company,” as defined in the Code, stockholders will be taxed as though they received a distribution of some of our expenses and may be limited in the ability to deduct such expenses. A “publicly offered regulated investment company” is a regulated investment company whose shares are either (i) continuously offered pursuant to a public offering, (ii) regularly traded on an established securities market or (iii) held by at least 500 persons at all times during the taxable year. If we are not a publicly offered regulated investment company for any period, a non-corporate stockholder’s pro rata portion of our affected expenses, including our management fees, will be treated as an additional distribution to the stockholder and will be deductible by such stockholder only to the extent permitted under the limitations described below. For non-corporate stockholders, including individuals, trusts, and estates, significant limitations generally apply to the deductibility of certain expenses of a non-publicly offered regulated investment company, including advisory fees. In particular, these expenses, referred to as miscellaneous itemized deductions, are generally not deductible for taxable years beginning before 2026. For taxable years beginning in 2026 and later, such expenses may be deductible only to the extent they exceed 2% of such a stockholder’s adjusted gross income. Such expenses are not deductible by an individual for alternative minimum tax purposes. While we anticipate that we will constitute a publicly offered regulated investment company for our current tax year, there can be no assurance that we will in fact so qualify for any of our taxable years. An investment in the shares by a Non-U.S. stockholder may have adverse tax consequences. Whether an investment in the shares is appropriate for a Non-U.S. stockholder will depend upon that person’s particular circumstances. A “Non-U.S. stockholder” is a beneficial owner of shares of our Common Stock that is neither a U.S. stockholder nor a partnership (including an entity treated as a partnership for U.S. federal income tax purposes). Among other things, a Non-U.S. stockholder, under certain circumstances, may be subject to withholding of U.S. federal income tax at a rate of 30.0% (or lower rate provided by an applicable treaty); required to file U.S. income taxes to receive a tax credit or tax refund of overpayments of taxes; subject to U.S. income tax at graduated rates or to a branch profits on our distributions; subject to certain reporting requirements, disclosure requirements, and withholding taxes under the Foreign Account Tax Compliance Act and other laws; and subject to certain rules regarding foreign tax credits. Non-U.S. persons should consult their tax advisors with respect to U.S. federal income tax and withholding tax, and state, local and foreign tax consequences of an investment in our shares.
Mergers Risk [Member]
General Description of Registrant [Abstract]
Risk [Text Block]	RISKS RELATING TO THE MERGERS We may be unable to realize the benefits anticipated by the Mergers, including estimated cost savings, or it may take longer than anticipated to achieve such benefits. The realization of certain benefits anticipated as a result of the Mergers will depend in part on the integration of FBLC’s investment portfolio with our investment portfolio and the integration of FBLC’s business with our business. Though the Adviser believes it can integrate us and FBLC given the significant overlap in investment portfolios, operations and governance structure, there can be no assurance that FBLC’s investment portfolio or business can be operated profitably or integrated successfully into our operations in a timely fashion or at all. The dedication of management resources to such integration may detract attention from the day-to-day business of the combined company and there can be no assurance that there will not be substantial costs associated with the transition process or there will not be other material adverse effects as a result of these integration efforts. Such effects, including incurring unexpected costs or delays in connection with such integration and failure of FBLC’s investment portfolio to perform as expected, could have a material adverse effect on the financial results of the combined company. We also expect to achieve certain synergies and cost savings from the Mergers when the two companies have fully integrated their portfolios. It is possible that the estimates of these synergies and potential cost savings could ultimately be incorrect. The cost savings estimates also assume we will be able to combine our operations and FBLC’s operations in a manner that permits those cost savings to be fully realized. If the estimates turn out to be incorrect or if we are not able to successfully combine FBLC’s investment portfolio or business with our operations, the anticipated synergies and cost savings may not be fully realized or realized at all or may take longer to realize than expected.
Interest Rate Risk [Member]
General Description of Registrant [Abstract]
Risk [Text Block]	Changes in interest rates may affect our cost of capital and net investment income. General interest rate fluctuations and changes in credit spreads on floating rate loans may have a substantial negative impact on our investments and investment opportunities and, accordingly, may have a material adverse effect on our rate of return on invested capital, our net investment income, and our NAV. The majority of our debt investments are expected to have variable interest rates that reset periodically based on benchmarks such as LIBOR or SOFR, so an increase in interest rates from their low present levels may make it more difficult for our portfolio companies to service their obligations under our debt investments and increase defaults even where our investment income increases. In addition, any such increase in interest rates would make it more expensive to use debt to finance our investments. Any decrease in credit spreads on debt that pays a floating rate of return would have an impact on the income generation of our floating rate assets. Trading prices for debt that pays a fixed rate of return tend to fall as interest rates rise. Trading prices tend to fluctuate more for fixed rate securities that have longer maturities. Although we have no policy governing the maturities of our investments, under current market conditions we expect that we will invest in a portfolio of debt generally having maturities of up to seven years. This means that we will be subject to greater risk (other things being equal) than an entity investing solely in shorter-term securities. In addition, because we borrow to fund a portion of our investments, a portion of our net investment income will depend upon the difference between the interest rate at which we borrow funds and the interest rate at which we invest these funds. Portions of our investment portfolio and our borrowings have floating rate components. As a result, a significant change in market interest rates could have a material adverse effect on our net investment income. In periods of rising interest rates, our cost of funds could increase, which would reduce our net investment income. We may hedge against such interest rate fluctuations by using standard hedging instruments such as interest rate swap agreements, futures, options and forward contracts, subject to applicable legal requirements, including all necessary registrations (or exemptions from registration) with the Commodity Futures Trading Commission. These activities may limit our ability to participate in the benefits of lower interest rates with respect to the hedged borrowings. Adverse developments resulting from changes in interest rates or hedging transactions could have a material adverse effect on our business, financial condition, and results of operations.
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, Principal	$ 322,000
Long Term Debt, Structuring [Text Block]	On October 4, 2023, the Company refinanced the MS Credit Facility with a $400.0 million credit facility with FBCC Jupiter Funding, LLC, a wholly-owned, consolidated special purpose financing subsidiary of the Company, as borrower (“Jupiter Funding”), the Adviser, as portfolio manager, the lenders party thereto, U.S. Bank National Association, as securities intermediary, U.S. Bank Trust Company, National Association as collateral administrator and collateral agent, and JPMorgan Chase Bank, National Association, as administrative agent (the “JPM Credit Facility”). The JPM Credit Facility provides for borrowings through October 4, 2026, and any amounts borrowed under the JPM Credit Facility will mature on October 4, 2027. Borrowings under the JPM Credit Facility will bear interest at a benchmark rate, currently SOFR, plus a margin of 2.75% per annum, which is inclusive of an administrative agent fee. Interest is payable quarterly in arrears. Jupiter Funding will be subject to a non-usage fee of 0.75%, which is inclusive of the administrative agent fee, to the extent the commitments available under the JPM Credit Facility have not been borrowed. Jupiter Funding paid an upfront fee and incurred other customary costs and expenses in connection with the JPM Credit Facility.
Secured Borrowings [Member]
Capital Stock, Long-Term Debt, and Other Securities [Abstract]
Long Term Debt, Title [Text Block]	Secured Borrowings
Long Term Debt, Principal	$ 33,300
Long Term Debt, Structuring [Text Block]	On August 21, 2023, the Company entered into a total return swap (“TRS”) with Nomura. A TRS is a contract in which one party agrees to make periodic payments to another party based on the change in the market value of the assets underlying the TRS, which may include a specified security, basket of securities or securities indices during the specified period, in return for periodic payments based on a fixed or variable interest rate. The Company pays interest to Nomura for each loan at a rate equal to three-month SOFR plus 3.60% per annum. Upon the termination or repayment of any loan under the TRS, the Company will either receive from Nomura the appreciation in the value of such loan or pay to Nomura any depreciation in the value of such loan. The scheduled termination date for the TRS is February 17, 2025. The Company may terminate the TRS prior to February 17, 2025 upon the occurrence of certain events but in certain circumstances may be required to pay certain termination fees. As of December 31, 2023, all total return swaps on the Nomura TRS were entered into contemporaneously with the Company’s sale of their reference assets. Due to the Company’s continuing involvement in these assets, these assets are not derecognized under ASC Topic 860 -- Transfers and Servicing, and are presented on the consolidated schedule of investments. Financing amounts related to these assets are presented as secured borrowings on the consolidated statement of assets and liabilities. Any margin paid to the counterparty under the terms of the TRS agreement is included in the “Due from broker” on the Company’s consolidated statements of assets and liabilities.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The following is a summary of significant accounting policies followed by the Company in the preparation of its consolidated financial statements. The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The consolidated financial statements reflect all adjustments, both normal and recurring which, in the opinion of management, are necessary for the fair presentation of the Company’s results of operations and financial condition for the periods presented. The Company is an investment company and accordingly applies specific accounting and financial reporting requirements under Financial Accounting Standards Codification (“ASC”) Topic 946, Financial Services-Investment Companies . We have also formed and expect to continue to form consolidated subsidiaries (the "Consolidated Holding Companies"). The Company consolidates the following subsidiaries for accounting purposes: FBCC Lending I, LLC, FBCC EEF Holdings LLC and FBCC Jupiter Funding, LLC. All intercompany balances and transactions have been eliminated in consolidation. Certain prior period information has been reclassified to conform to the current period presentation. The reclassification has no effect on the Company’s financial position or result of operations as previously reported.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts and disclosures in these consolidated financial statements. Actual results could differ from those estimates.
Consolidation	Consolidation As provided under ASC 946, the Company will generally not consolidate its investment in a company other than a substantially or wholly-owned investment company or controlled operating company whose business consists of providing services to the Company. Accordingly, the Company consolidated the accounts of the Company's substantially wholly-owned subsidiaries in its consolidated financial statements.
Valuation of Portfolio Investments	Valuation of Portfolio Investments Portfolio investments are reported on the consolidated statements of assets and liabilities at fair value. The board of directors (the “Board of Directors”) has delegated to the Adviser as valuation designee (the “Valuation Designee”) the responsibility of determining the fair value of the Company’s investment portfolio, subject to oversight of the Board of Directors, pursuant to Rule 2a-5 under the 1940 Act. As such, the Valuation Designee is charged with determining the fair value of the Company’s investment portfolio, subject to oversight of the Board of Directors. On a quarterly basis, the Valuation Designee performs an analysis of each investment to determine fair value as follows: Securities for which market quotations are readily available on an exchange are valued at the reported closing price on the valuation date. The Valuation Designee may also obtain quotes with respect to certain of the Company's investments from pricing services or brokers or dealers in order to value assets. When doing so, the Valuation Designee determines whether the quote obtained is readily available according to U.S. GAAP to determine the fair value of the security. If determined to be readily available, the Valuation Designee uses the quote obtained. Investments without a readily determined market value are primarily valued using a market approach, an income approach, or both approaches, as appropriate. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities (including a business). The income approach uses valuation techniques to convert future amounts (for example, cash flows or earnings) to a single present amount (discounted). The measurement is based on the value indicated by current market expectations about those future amounts. In following these approaches, the types of factors that the Valuation Designee may take into account in fair value pricing the Company's investments include, as relevant: available current market data, including relevant and applicable market trading and transaction comparables, applicable market yields and multiples, security covenants, call protection provisions, information rights, the nature and realizable value of any collateral, the portfolio company's ability to make payments, its earnings and discounted cash flows, the markets in which the portfolio company does business, comparisons of financial ratios of peer companies that are public, M&A comparables, and enterprise values, among other factors. When available, broker quotations and/or quotations provided by pricing services are considered as an input in the valuation process. With respect to investments for which market quotations are not readily available, the Valuation Designee undertakes a multi-step valuation process each quarter, as described below: • Each portfolio company or investment will be valued by the Valuation Designee, with assistance from one or more independent valuation firms engaged by the Company's Board of Directors; and • The independent valuation firm(s) conduct independent appraisals and make an independent assessment of the value of each investment; and • The Valuation Designee, under the supervision of the Board of Directors, determines the fair value of each investment, in good faith, based on the input of independent valuation firms (to the extent applicable) and the Valuation Designee’s own analysis. The Valuation Designee also has established a valuation committee to assist the Valuation Designee in carrying out its designated responsibilities, subject to oversight of the Board of Directors. Because there is not a readily available market value for most of the investments in its portfolio, the Valuation Designee values substantially all of its portfolio investments at fair value as determined in good faith by its Board of Directors, as described herein. Due to the inherent uncertainty of determining the fair value of investments that do not have a readily available market value, the fair value of the Company's investments may fluctuate from period to period. Additionally, the fair value of the Company's investments may differ significantly from the values that would have been used had a ready market existed for such investments and may differ materially from the values that the Company may ultimately realize. Further, such investments are generally subject to legal and other restrictions on resale or otherwise are less liquid than publicly traded securities. If the Company was required to liquidate a portfolio investment in a forced or liquidation sale, the Company could realize significantly less than the value at which the Company has recorded it. Investment Classification The Company classifies its investments in accordance with the requirements of the 1940 Act. Under the 1940 Act, “Control” is defined as the power to exercise a controlling influence over the management or policies of a company, unless such power is solely the result of an official position with such company. In addition, in accordance with Section 2(a)(9) of the 1940 Act, any person who owns beneficially, either directly or through one or more controlled companies, more than 25% of the outstanding voting securities of a company shall be presumed to control such company. Any person who does not so own more than 25% of the outstanding voting securities of any company shall be presumed not to control such company. Any person who does not so own more than 25% of the outstanding voting securities of any company and/or does not have the power to exercise control over the management or policies of such portfolio company shall be presumed not to control such company. Consistent with the 1940 Act, “Affiliated Investments” are defined as those investments in companies in which the Company owns 5% or more of the outstanding voting securities. Consistent with the 1940 Act, “Non-affiliated Investments” are defined as investments that are neither Control Investments nor Affiliated Investments.
Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted Cash
Organization and Offering Costs and Distributions	Organization and Offering Costs Organization costs consist of costs incurred to establish the Company and enable it legally to do business. Organization costs are expensed as incurred. Offering costs consist of costs incurred in connection with the offering of common shares of the Company. Offering costs are capitalized as a deferred charge and amortized to expense on a straight-line basis over 12 months from the commencement of operations. The Company will bear the organization and offering expenses incurred in connection with the formation of the Company and the offering of shares of its Common Stock, including the out-of-pocket expenses of the Adviser and its agents and affiliates. In addition, the Company will reimburse the Adviser for the organization and offering costs it incurs on the Company’s behalf. If actual organization and offering costs incurred exceed the greater of $1 million or 0.10% of the Company’s total capital commitments, the Adviser or its affiliate will bear the excess costs. To the extent the Company’s capital commitments later increase, the Adviser or its affiliates may be reimbursed for past payments of excess organization and offering costs made on the Company’s behalf provided that the total organization and offering costs borne by the Company do not exceed 0.10% of total capital commitments and provided further that the Adviser or its affiliates may not be reimbursed for payment of excess organization and offering expenses that were incurred more than three years prior to the proposed reimbursement. For the years ended December 31, 2023, 2022, and 2021, there were no reimbursements from the Adviser. In connection with the Company’s private placement of shares of its Series A Preferred Stock, the Company incurred various offering costs. These costs are capitalized as a deferred cost and included within redeemable convertible preferred stock Series A on the consolidated statement of assets and liabilities as the preferred shares are issued. The costs are not subject to reimbursement from the Adviser. Distributions The Company’s Board of Directors authorizes and declares cash distributions payable on a quarterly basis to stockholders of record on each record date. The amount of each such distribution is subject to the discretion of the Board of Directors and applicable legal restrictions related to the payment of distributions. The Company calculates each stockholder’s specific distribution amount for the quarter using record and declaration dates. From time to time, the Company may also pay interim distributions, including capital gains distributions, at the discretion of the Company’s Board of Directors. The Company’s distributions may exceed earnings, especially during the period before it has substantially invested the proceeds from the offering. As a result, a portion of the distributions made by the Company may represent a return of capital for U.S. federal income tax purposes. A return of capital is a return of each stockholder’s investment rather than earnings or gains derived from the Company’s investment activities. The Company may fund cash distributions to stockholders from any sources of funds available to the Company, including advances from the Adviser that are subject to reimbursement, as well as offering proceeds, borrowings, net investment income from operations, capital gain proceeds from the sale of assets, and non-capital gain proceeds from the sale of assets. The Company has not established limits on the amount of funds it may use from available sources to make distributions. See Note 13 - Income Tax Information and Distributions to Stockholders for additional information.
Deferred Financing Costs	Deferred Financing Costs
Convertible Preferred Stock	Convertible Preferred Stock We record shares of convertible preferred stock based on proceeds received net of offering costs on the date of issuance. Redeemable preferred stock (including preferred stock that features redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within our control) is classified as temporary equity and is reported separately from liabilities and net assets attributable to common stock within the consolidated statements of assets and liabilities.
Revenue Recognition	Revenue Recognition Interest Income Investment transactions are accounted for on the trade date. Interest income, adjusted for amortization of premium and accretion of discount, is recorded on an accrual basis. Discount and premium on investments purchased are accreted/amortized over the expected life of the respective investment using the effective yield method. The amortized cost of investments represents the original cost adjusted for the accretion of discount and amortization of premium on investments. Dividend Income Dividend income on preferred equity investments 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 investments is recorded on the record date for private portfolio companies and on the ex-dividend date for publicly traded portfolio companies. Fee Income Fee income, such as structuring fees, origination, closing, amendment fees, commitment, termination, and other upfront fees are generally non-recurring and are recognized as income when earned, either upon receipt or amortized into income. Upon the re-payment of a loan or debt security, any prepayment penalties and unamortized loan origination, structuring, closing, commitment, and other upfront fees are recorded as income. Payment-in-Kind Interest The Company may hold debt investments in its portfolio that contain payment-in-kind (“PIK”) interest and dividend provisions. PIK interest, which represents contractually deferred interest that add to the investment balance that is generally due at maturity, is recorded on the accrual basis to the extent such amounts are expected to be collected. Non-accrual Income Investments may be placed on non-accrual status when principal or interest payments are past due and/or when there is reasonable doubt that principal or interest will be collected. Accrued interest, which may include un-capitalized PIK interest is generally reversed when an investment is placed on non-accrual status. Previously capitalized PIK interest is not reversed when an investment is placed on non-accrual status. Interest payments received on non-accrual investments may be recognized as income or applied to principal depending upon management's judgment of the ultimate outcome. Non-accrual investments are restored to accrual status when past due principal and interest is paid and, in management's judgment, are likely to remain current. Net Realized Gain or Loss and Net Change in Unrealized Appreciation or Depreciation Gain or loss on the sale of investments is calculated using the specific identification method. The Company measures realized gain or loss by the difference between the net proceeds from the repayment or sale and the amortized cost basis of the investment, without regard to unrealized appreciation or depreciation previously recognized. Net change in unrealized appreciation or depreciation will reflect the change in portfolio investment values during the reporting period, including any reversal of previously recorded unrealized appreciation or depreciation, when a gain or loss is realized.
Income Taxes	Income Taxes The Company has elected to be treated for federal income tax purposes as a RIC under Subchapter M of the Code. Generally, a RIC is not subject to federal income taxes in respect of each taxable year if it distributes dividends for federal income tax purposes to stockholders of an amount generally equal to its “investment company taxable income”, as defined in the Code, and determined without regard to any deduction for dividends paid. Distributions declared prior to the filing of the previous year's tax return and paid up to twelve months after the previous tax year can be carried back to the prior tax year in determining the distributions paid in such tax year. The Company intends to make sufficient distributions to maintain its ability to be subject to be taxed as a RIC each year. The Company may be subject to federal excise tax imposed at a rate of 4% on certain undistributed amounts. The Company has elected to be treated for federal income tax purposes as a RIC under the Code. Generally, a RIC is exempt from federal income taxes if it meets, certain quarterly asset diversification requirements, annual income tests, and distributes to stockholders its ‘‘investment company taxable income,’’ as defined in the Code, each taxable year. Distributions declared prior to the filing of the previous year's tax return and paid up to one year after the previous tax year can be carried back to the prior tax year for determining the distributions paid in such tax year. The Company intends to make sufficient distributions to maintain its RIC status each year. The Company may also be subject to federal excise taxes of 4%. A RIC is limited in its ability to deduct expenses in excess of its “investment company taxable income” (which is, generally, ordinary income plus net realized short-term capital gains in excess of net realized long-term capital losses). If the Company's expenses in a given taxable year exceed gross taxable income (e.g., as the result of large amounts of equity-based compensation), it would incur a net operating loss for that year. However, a RIC is not permitted to carry forward net operating losses to subsequent taxable years and such net operating losses do not pass through to the RIC’s stockholders. In addition, deductible expenses can be used only to offset investment company taxable income, not net capital gain. A RIC may not use any net capital losses (that is, realized capital losses in excess of realized capital gains) to offset the RIC’s investment company taxable income, but may carry forward such net capital losses, and use them to offset capital gains indefinitely. Due to these limits on the deductibility of expenses and net capital losses, the Company may for tax purposes have aggregate taxable income for several taxable years that it is required to distribute and that is taxable to stockholders even if such taxable income is greater than the aggregate net income the Company actually earned during those taxable years. Such required distributions may be made from the Company cash assets or by liquidation of investments, if necessary. The Company may realize gains or losses from such liquidations. In the event the Company realizes net capital gains from such transactions, the Company may make a larger capital gain distribution than it would have made in the absence of such transactions. Depending on the level of taxable income earned in a tax year, for excise tax purposes the Company may choose to carry forward taxable income in excess of current year distributions into the next tax year and incur a 4% U.S. federal excise tax on such income, as required. To the extent that the Company determines that its estimated current year annual taxable income will be in excess of estimated current year distributions, the Company accrues excise tax, if any, on estimated excess taxable income as taxable income is earned. The Company did not have any uncertain tax positions that met the recognition or measurement criteria of ASC 740-10-25, Income Taxes (“ASC Topic 740”), nor did the Company have any unrecognized tax benefits as of the periods presented herein. The Company’s current tax year, 2022, 2021, and 2020 federal and state tax returns remain subject to examination by the Internal Revenue Service and state departments of revenue. The deferred tax asset valuation allowance, if applicable, has been determined pursuant to the provisions of ASC Topic 740, including the Company's estimation of future taxable income, if necessary, and is adequate to reduce the total deferred tax asset to an amount that will more likely than not be realized.
Fair Value of Financial Instruments	The Company’s fair value measurements are classified into a fair value hierarchy in accordance with ASC Topic 820, Fair Value Measurement , based on the markets in which the assets and liabilities are traded, and the reliability of the assumptions used to determine fair value. 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. The Company determines fair value based on quoted prices when available or through the use of alternative approaches, such as discounting the expected cash flows using market interest rates commensurate with the credit quality and duration of the investment. This alternative approach also reflects the contractual terms of the derivatives, if any, including the period to maturity, and uses observable market-based inputs, including interest rate curves and implied volatilities. The guidance defines three levels of inputs that may be used to measure fair value: • Level 1—Quoted prices in active markets for identical assets and liabilities that the reporting entity has the ability to access at the measurement date. • Level 2—Inputs other than quoted prices included within Level 1 that are observable for the asset and liability or can be corroborated with observable market data for substantially the entire contractual term of the asset or liability. • Level 3—Unobservable inputs that reflect the entity’s own assumptions about the assumptions that market participants would use in the pricing of the asset or liability and are consequently not based on market activity, but rather through particular valuation techniques. The determination of where an asset or liability falls in the above hierarchy requires significant judgment and factors specific to the asset or liability. In instances where the determination of the fair value measurement is based on inputs from different levels of the fair value hierarchy, the level in the fair value hierarchy within which the entire fair value measurement falls is based on the lowest level input that is significant to the fair value measurement in its entirety. The Company evaluates its hierarchy disclosures each quarter and depending on various factors, it is possible that an asset or liability may be classified differently from quarter to quarter. For investments for which Level 1 inputs, such as quoted prices, were not available at December 31, 2023 and 2022, the investments were valued at fair value as determined in good faith using the valuation policy approved by the Board of Directors using Level 2 and Level 3 inputs. The Company evaluates the source of inputs, including any markets in which the Company's investments are trading, in determining fair value. Due to the inherent uncertainty in the valuation process, the estimate of fair value of the Company’s investment portfolio at December 31, 2023 and 2022 may differ materially from values that would have been used had a ready market for the securities existed. In addition to using the above inputs in investment valuations, the Company continues to employ the valuation policy approved by the Board of Directors. Portfolio investments are reported on the consolidated statements of assets and liabilities at fair value. On a quarterly basis the Company performs an analysis of each investment to determine fair value as described below. Securities for which market quotations are readily available on an exchange are valued at the reported closing price on the valuation date. The Company may also obtain quotes with respect to certain of the Company's investments from pricing services or brokers or dealers in order to value assets. When doing so, the Company determines whether the quote obtained is readily available according to U.S. GAAP to determine the fair value of the security. If determined readily available, the Company uses the quote obtained. Investments without a readily determined market value are primarily valued using a market approach, an income approach, or both approaches, as appropriate. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities (including a business). The income approach uses valuation techniques to convert future amounts (for example, cash flows or earnings) to a single present amount (discounted). The measurement is based on the value indicated by current market expectations about those future amounts. In following these approaches, the types of factors that the Valuation Designee may take into account in fair value pricing the Company's investments include, as relevant: available current market data, including relevant and applicable market trading and transaction comparables, applicable market yields and multiples, security covenants, call protection provisions, information rights, the nature and realizable value of any collateral, the portfolio company's ability to make payments, its earnings and discounted cash flows, the markets in which the portfolio company does business, comparisons of financial ratios of peer companies that are public, M&A comparables, and enterprise values, among other factors. When available, broker quotations and/or quotations provided by pricing services are considered as an input in the valuation process. As part of the Company's quarterly valuation process, the Valuation Designee may be assisted by one or more independent valuation firms. The Valuation Designee under the supervision of the Board of Directors determines the fair value of each investment, in good faith, based on the input of the independent valuation firm(s) (to the extent applicable) and the Valuation Designee’s own analysis. Determination of fair values involves subjective judgments and estimates. Accordingly, the notes to the consolidated financial statements refer to the uncertainty with respect to the possible effect of such valuations, and any change in such valuations on the consolidated financial statements.
Earnings Per Share	Basic and diluted earnings per share (“EPS”) are computed using the two-class method, which considers participating securities as a separate class of shares. The two-class method is an earnings allocation formula that determines EPS for common stock according to dividends distributed and participation rights in undistributed earnings. The Company’s participating securities consist of its Series A Preferred Stock. Basic earnings per share is computed by dividing earnings available to common stockholders, adjusted to exclude earnings allocated to participating securities, by the weighted average number of shares outstanding during the period. Other potentially dilutive shares, and the related impact to earnings, are considered when calculating earnings per share on a diluted basis.
Subsequent Events	Subsequent Events In preparing these financial statements, the Company’s management has evaluated events and transactions for potential recognition or disclosure through the date the financial statements were issued. Distribution Declarations On January 9, 2024, the Board of Directors declared a distribution of $0.43 per share of Common Stock, which was paid on January 11, 2024 to stockholders of record as of January 10, 2024. On January 9, 2024, the Board of Directors declared a distribution of $28.35 per share of Series A Preferred Stock, which was paid on January 11, 2024 to stockholders of record as of January 10, 2024. Merger On January 24, 2024, the Company completed its previously announced acquisition of FBLC. Pursuant to the Merger Agreement, Merger Sub was first merged with and into FBLC, with FBLC continuing as the surviving company, and, immediately following the Merger, FBLC was then merged with and into the Company, with the Company continuing as the surviving company. In accordance with the terms of the Merger Agreement, at the Effective Time, each outstanding share of FBLC's common stock was converted into the right to receive 0.4647 shares of the Company's common stock. As a result of the Mergers, the Company issued an aggregate of 110.0 million shares of its common stock to FBLC stockholders. The Mergers will be accounted for as an asset acquisition of FBLC by the Company in accordance with the asset acquisition method of accounting as detailed in ASC 805-50, Business Combinations – Related Issues, with the fair value of total consideration paid in conjunction with the Mergers allocated to the assets acquired and liabilities assumed based on their relative fair values as of the date of the Mergers. Generally, under asset acquisition accounting, acquiring assets in groups not only requires ascertaining the cost of the asset (or net assets), but also allocating that cost to the individual assets (or individual assets and liabilities) that make up the group. The cost of the group of assets acquired in an asset acquisition is allocated to the individual assets acquired or liabilities assumed based on their relative fair values of net identifiable assets acquired other than certain “non-qualifying” assets (for example cash) and does not give rise to goodwill. The Company will be the accounting survivor of the Mergers. Amended and Restated Investment Advisory Agreement On October 2, 2023, the Company's Board of Directors approved an amendment and restatement (the “Amended and Restated Investment Advisory Agreement”) of the Investment Advisory Agreement, which went into effect on January 24, 2024 in connection with the consummation of the Mergers. Under the Amended and Restated Advisory Agreement, effective upon the closing of the Mergers, (i) the base management fee will increase to an annual rate of 1.50% of the Company’s average gross assets, provided, that the base management fee will be calculated at an annual rate of 1.00% of the Company’s average gross assets purchased with borrowed funds above 1.0x debt-to-equity (equivalent to $1.0 of debt outstanding for each $1.0 of equity), (ii) the incentive fee on income will increase to a catch-up of 1.8175% (7.27% annualized), 17.5% of the amount of the Company’s pre-incentive fee net investment income, if any, that exceeds the catch-up, with the preferred return to investors each quarter remaining the same as under the Investment Advisory Agreement, and (iii) the incentive fee on capital gains will increase to 17.5% of the Company’s incentive fee capital gains calculated as under the Investment Advisory Agreement for periods ending after the date of the Amended and Restated Advisory Agreement, on a cumulative basis from the date of the Company’s election to be regulated as a BDC. The fees payable under the Amended and Restated Advisory Agreement are calculated in the same manner as the post-Liquidity Event (as defined in the Investment Advisory Agreement) calculation of the base management fee payable under the Investment Advisory Agreement. None of the other material terms will change in the Amended and Restated Advisory Agreement as compared to the Investment Advisory Agreement, including the services to be provided.

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Schedule of Fair Value Measurements of Investments, by Major Class	The following table presents fair value measurements of investments, by major class, as of December 31, 2023, according to the fair value hierarchy: Fair Value Measurements Level 1 Level 2 Level 3 Total Senior Secured First Lien Debt $ — $ 16,639 $ 615,704 $ 632,343 Senior Secured Second Lien Debt — 12,973 39,153 52,126 Subordinated Debt — — 35,500 35,500 Equity/Other — — 36,176 36,176 Total $ — $ 29,612 $ 726,533 $ 756,145 The following table presents fair value measurements of investments, by major class, as of December 31, 2022, according to the fair value hierarchy: Fair Value Measurements Level 1 Level 2 Level 3 Total Senior Secured First Lien Debt $ — $ 26,901 $ 636,074 $ 662,975 Senior Secured Second Lien Debt — 8,447 45,575 54,022 Subordinated Debt — — 31,414 31,414 Equity/Other — — 33,969 33,969 Total $ — $ 35,348 $ 747,032 $ 782,380
Schedule of Investment Measured on Recurring Basis, Unobservable Input Reconciliation	The following table provides a reconciliation of the beginning and ending balances for investments that use Level 3 inputs for the year ended December 31, 2023: Senior Secured First Lien Debt Senior Secured Second Lien Debt Subordinated Debt Equity/Other Total Balance as of January 1, 2023 $ 636,074 $ 45,575 $ 31,414 $ 33,969 $ 747,032 Purchases and other adjustments to cost 73,738 29 5,040 1,890 80,697 Sales and repayments (84,943) (2,162) (987) — (88,092) Net realized gain (loss) 1,295 54 — — 1,349 Transfers in 5,153 — — — 5,153 Transfers out (5,857) (3,976) — — (9,833) Net change in unrealized appreciation (depreciation) on investments (9,756) (367) 33 317 (9,773) Balance as of December 31, 2023 $ 615,704 $ 39,153 $ 35,500 $ 36,176 $ 726,533 Net change in unrealized appreciation (depreciation) for the period relating to those Level 3 assets that were still held by the Company at the end of the year: $ (9,606) $ (361) $ 33 $ 317 $ (9,617) The following table provides a reconciliation of the beginning and ending balances for investments that use Level 3 inputs for the year ended December 31, 2022: Senior Secured First Lien Debt Senior Secured Second Lien Debt Subordinated Debt Equity/Other Total Balance as of January 1, 2022 $ 358,083 $ 42,360 $ 24,412 $ 31,813 $ 456,668 Purchases and other adjustments to cost 317,946 3,941 6,924 1,891 330,702 Sales and repayments (54,420) — — 35 (54,385) Net realized gain (loss) 426 — — — 426 Transfers in 21,533 11,641 — — 33,174 Transfers out (5,508) (9,170) — — (14,678) Net change in unrealized appreciation (depreciation) on investments (1,986) (3,197) 78 230 (4,875) Balance as of December 31, 2022 $ 636,074 $ 45,575 $ 31,414 $ 33,969 $ 747,032 Net change in unrealized appreciation (depreciation) for the period relating to those Level 3 assets that were still held by the Company at the end of the year: $ (1,978) $ (3,197) $ 78 $ 230 $ (4,867)
Schedule of Investment Holdings, Schedule of Investments	The composition of the Company’s investments as of December 31, 2023, at amortized cost and fair value, were as follows: Investments at Amortized Cost Investments at Fair Value Fair Value Senior Secured First Lien Debt $ 642,976 $ 632,343 83.6 % Senior Secured Second Lien Debt 55,145 52,126 6.9 Subordinated Debt 35,389 35,500 4.7 Equity/Other 35,525 36,176 4.8 Total $ 769,035 $ 756,145 100.0 % The composition of the Company’s investments as of December 31, 2022, at amortized cost and fair value, were as follows: Investments at Amortized Cost Investments at Fair Value Fair Value Senior Secured First Lien Debt $ 666,045 $ 662,975 84.8 % Senior Secured Second Lien Debt 57,213 54,022 6.9 Subordinated Debt 31,336 31,414 4.0 Equity/Other 33,635 33,969 4.3 Total $ 788,229 $ 782,380 100.0 %
Schedule of Fair Value Measurement Inputs and Valuation Techniques	The following table summarizes the significant unobservable inputs used to value the majority of the Level 3 investments as of December 31, 2023. The table is not intended to be all-inclusive, but instead identifies the significant unobservable inputs relevant to the determination of fair values. Range Asset Category Fair Value Primary Valuation Technique Unobservable Inputs Minimum Maximum Weighted Average (a) Senior Secured First Lien Debt $ 597,286 Yield Analysis Market Yield 8.81% 25.58% 11.00% Senior Secured First Lien Debt (c) 15,649 N/A N/A N/A N/A N/A Senior Secured First Lien Debt (b) 2,769 Waterfall Analysis EBITDA Multiple 6.00x 6.00x 6.00x Senior Secured Second Lien Debt 39,153 Yield Analysis Market Yield 13.35% 20.50% 14.95% Subordinated Debt 35,500 Waterfall Analysis Tangible Net Asset Value Multiple 1.75x 1.75x 1.75x Equity/Other (b) 32,600 Waterfall Analysis Tangible Net Asset Value Multiple 1.75x 1.75x 1.75x Equity/Other 3,459 Waterfall Analysis EBITDA Multiple 11.87x 24.50x 18.14x Equity/Other (b) 117 Yield Analysis Market Yield 13.50% 13.50% 13.50% Total $ 726,533 ______________ (a) Weighted averages are calculated based on fair value of investments. (b) This asset category contains one investment. (c) This instrument(s) was held at cost. The following table summarizes the significant unobservable inputs used to value the majority of the Level 3 investments as of December 31, 2022. The table is not intended to be all-inclusive, but instead identifies the significant unobservable inputs relevant to the determination of fair values. Range Asset Category Fair Value Primary Valuation Technique Unobservable Inputs Minimum Maximum Weighted Average (a) Senior Secured First Lien Debt $ 636,074 Yield Analysis Market Yield 8.57% 13.33% 10.57% Senior Secured Second Lien Debt 45,575 Yield Analysis Market Yield 12.20% 19.80% 14.82% Subordinated Debt 31,414 Waterfall Analysis Tangible Net Asset Value Multiple 1.87x 1.87x 1.87x Equity/Other (b) 30,742 Waterfall Analysis Tangible Net Asset Value Multiple 1.87x 1.87x 1.87x Equity/Other 3,111 Waterfall Analysis EBITDA Multiple 14.25x 20.75x 17.11x Equity/Other (b) 116 Yield Analysis Market Yield 13.00% 13.00% 13.00% Total $ 747,032 ______________ (a) Weighted averages are calculated based on fair value of investments. (b) This asset category contains one investment.

Borrowings (Tables)

Borrowings (Tables)	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Schedule of Facility Borrowings	The following table represents facility borrowings as of December 31, 2023: Maturity Date Total Aggregate Borrowing Capacity Total Principal Outstanding Less Deferred Financing Costs Amount per Consolidated Statements of Assets and Liabilities JPM Credit Facility 10/4/2027 $ 400,000 $ 322,000 $ (2,082) $ 319,918 Total $ 400,000 $ 322,000 $ (2,082) $ 319,918 The following table represents facility borrowings as of December 31, 2022: Maturity Date Total Aggregate Borrowing Capacity Total Principal Outstanding Less Deferred Financing Costs Amount per Consolidated Statements of Assets and Liabilities MS Credit Facility 3/15/2025 $ 400,000 $ 356,500 $ (2,222) $ 354,278 MS Subscription Facility 4/21/2023 25,500 25,400 (98) 25,302 Total $ 425,500 $ 381,900 $ (2,320) $ 379,580
Schedule of Interest and Debt Fees	The following table represents interest and debt fees for the year ended December 31, 2023: Year Ended December 31, 2023 Interest Rate Non-Usage Rate Interest Expense Deferred Financing Costs (1) Other Fees (2) MS Credit Facility (5) (3) 0.50 % $ 19,446 $ 763 $ 1,082 MS Subscription Facility (6) (4) 0.30 % 404 98 11 JPM Credit Facility S + 2.75% 0.75 % 6,405 129 319 Short-term borrowings 1,692 — — Secured borrowings S + 3.60% 759 41 — Total $ 28,706 $ 1,031 $ 1,412 (1) Amortization of deferred financing costs. (2) Includes non-usage fees, custody fees, and administrative agent fees. (3) From January 1, 2023 to October 4, 2023, the MS Credit Facility bore interest at a rate of Term SOFR, plus a spread of 2.25% per annum. (4) From January 1, 2023 to March 29, 2023, the MS Subscription Facility bore interest at a rate of Term SOFR with a one-month Interest Period, plus a spread of 2.10% per annum. (5) Amount presented represents activity prior to refinancing on October 4, 2023. (6) Amount presented represents activity prior to termination on March 29, 2023. The following table represents interest and debt fees for the year ended December 31, 2022: Year Ended December 31, 2022 Interest Rate Non-Usage Rate Interest Expense Deferred Financing Costs (1) Other Fees (2) MS Credit Facility (3) 0.50 % $ 10,908 $ 894 $ 1,398 MS Subscription Facility (4) 0.30 % 1,781 295 — Short-term borrowings 2,191 — — Total $ 14,880 $ 1,189 $ 1,398 (1) Amortization of deferred financing costs. (2) Includes non-usage fees, custody fees and administrative agent fees. (3) From January 1, 2022 through January 30, 2022, the MS Credit Facility had an interest rate priced at three-month LIBOR, with a LIBOR floor of zero, plus a spread of 2.25%. From January 31, 2022 through June 27, 2022 the MS Credit Facility transitioned the benchmark rate to Adjusted Term SOFR. Borrowings under the MS Credit Facility bore interest at Adjusted Term SOFR, with an Adjusted Term SOFR floor of zero, plus a spread of 2.00%. From June 28, 2022 to December 31, 2022 MS Credit Facility had an interest rate priced at Term SOFR, plus a spread of 2.25%. (4) From January 1, 2022 through April 19, 2022 the MS Subscription Facility bore interest at a rate of Adjusted LIBOR for the applicable interest period plus 2.00% per annum. From April 20, 2022 through December 31, 2022 bore interest at a rate of Term SOFR with a one-month Interest Period plus 2.10% per annum. The following table represents interest and debt fees for the year ended December 31, 2021: Year Ended December 31, 2021 Interest Rate Non-Usage Rate Interest Expense Deferred Financing Costs (1) Other Fees (2) MS Credit Facility L + 2.25% 0.50 % $ 1,787 $ 365 $ 340 MS Subscription Facility L + 2.00% 0.30 % 654 282 14 Short-term borrowings 97 — — Total $ 2,538 $ 647 $ 354 (1) Amortization of deferred financing costs. (2) Includes non-usage fees and custody fees.
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments	The fair values of the Company’s remaining financial instruments that are not reported at fair value on the accompanying consolidated statements of assets and liabilities are reported below: Level Carrying Amount as of December 31, 2023 Fair Value as of December 31, 2023 JPM Credit Facility 3 $ 322,000 $ 322,000 Total $ 322,000 $ 322,000 Level Carrying Amount as of December 31, 2022 Fair Value as of December 31, 2022 MS Credit Facility 3 $ 356,500 $ 356,500 MS Subscription Facility 3 25,400 25,400 Total $ 381,900 $ 381,900

Commitment and Contingencies (T

Commitment and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of Unfunded Commitments	As of December 31, 2023, the Company's unfunded commitments consisted of the following: Portfolio Company Name Investment Type Commitment Type Total Commitment Remaining Commitment ADCS Clinics Intermediate Holdings, LLC Senior Secured First Lien Debt Revolver $ 533 $ 533 Alera Group Intermediate Holdings, Inc. Senior Secured First Lien Debt Delayed Draw 1,637 1,637 Alera Group Intermediate Holdings, Inc. Senior Secured First Lien Debt Delayed Draw 5,745 740 Armada Parent, Inc. Senior Secured First Lien Debt Delayed Draw 2,024 1,019 Armada Parent, Inc. Senior Secured First Lien Debt Revolver 2,444 2,444 Avalara, Inc. Senior Secured First Lien Debt Revolver 1,990 1,990 Center Phase Energy, LLC Senior Secured First Lien Debt Revolver 6,593 6,593 Communication Technology Intermediate, LLC Senior Secured First Lien Debt Revolver 998 912 Community Brands ParentCo, LLC Senior Secured First Lien Debt Delayed Draw 1,085 1,085 Community Brands ParentCo, LLC Senior Secured First Lien Debt Revolver 542 542 Demakes Borrower, LLC Senior Secured First Lien Debt Delayed Draw 1,323 1,323 Eliassen Group, LLC Senior Secured First Lien Debt Delayed Draw 1,450 995 Faraday Buyer, LLC Senior Secured First Lien Debt Delayed Draw 1,851 1,851 FGT Purchaser, LLC Senior Secured First Lien Debt Revolver 976 634 Galway Borrower, LLC Senior Secured First Lien Debt Revolver 861 861 Geosyntec Consultants, Inc. Senior Secured First Lien Debt Delayed Draw 5,480 2,737 Geosyntec Consultants, Inc. Senior Secured First Lien Debt Revolver 2,017 2,017 Gogo Intermediate Holdings, LLC Senior Secured First Lien Debt Revolver 452 452 IG Investments Holdings, LLC Senior Secured First Lien Debt Revolver 632 632 Indigo Buyer, Inc. Senior Secured First Lien Debt Revolver 1,536 922 IQN Holding Corp. Senior Secured First Lien Debt Delayed Draw 660 660 Portfolio Company Name Investment Type Commitment Type Total Commitment Remaining Commitment IQN Holding Corp. Senior Secured First Lien Debt Revolver $ 503 $ 503 Knowledge Pro Buyer, Inc. Senior Secured First Lien Debt Delayed Draw 7,323 6,281 Knowledge Pro Buyer, Inc. Senior Secured First Lien Debt Revolver 1,147 872 Medical Management Resource Group, LLC Senior Secured First Lien Debt Revolver 603 265 Mirra-Primeaccess Holdings, LLC Senior Secured First Lien Debt Revolver 3,429 2,572 Odessa Technologies, Inc. Senior Secured First Lien Debt Revolver 1,704 1,704 PetVet Care Centers, LLC Senior Secured First Lien Debt Delayed Draw 1,057 1,057 PetVet Care Centers, LLC Senior Secured First Lien Debt Revolver 1,057 1,057 Pie Buyer, Inc. Senior Secured First Lien Debt Delayed Draw 2,902 2,267 Pie Buyer, Inc. Senior Secured First Lien Debt Revolver 741 395 Pluralsight, LLC Senior Secured First Lien Debt Revolver 638 142 Relativity Oda, LLC Senior Secured First Lien Debt Revolver 196 196 Saturn SHC Buyer Holdings, Inc. Senior Secured First Lien Debt Revolver 4,012 4,012 Sherlock Buyer Corp. Senior Secured First Lien Debt Delayed Draw 1,454 1,454 Sherlock Buyer Corp. Senior Secured First Lien Debt Revolver 581 581 Simplifi Holdings, Inc. Senior Secured First Lien Debt Revolver 1,720 1,398 SunMed Group Holdings, LLC Senior Secured First Lien Debt Revolver 259 259 The NPD Group, LP Senior Secured First Lien Debt Revolver 943 773 Trinity Air Consultants Holdings Corp. Senior Secured First Lien Debt Delayed Draw 1,232 675 Trinity Air Consultants Holdings Corp. Senior Secured First Lien Debt Revolver 857 857 Triple Lift, Inc. Senior Secured First Lien Debt Revolver 1,393 859 US Oral Surgery Management Holdco, LLC Senior Secured First Lien Debt Revolver 527 527 US Salt Investors, LLC Senior Secured First Lien Debt Revolver 934 934 Vensure Employer Services, Inc. Senior Secured First Lien Debt Delayed Draw 3,771 3,311 Victors CCC Buyer, LLC Senior Secured First Lien Debt Delayed Draw 1,875 1,875 Victors CCC Buyer, LLC Senior Secured First Lien Debt Revolver 1,358 1,358 West Coast Dental Services, Inc. Senior Secured First Lien Debt Revolver 1,087 145 Westwood Professional Services, Inc. Senior Secured First Lien Debt Revolver 162 162 WHCG Purchaser III, Inc. Senior Secured First Lien Debt Revolver 1,821 5 WIN Holdings III Corp. Senior Secured First Lien Debt Revolver 1,908 1,908 Zendesk, Inc. Senior Secured First Lien Debt Delayed Draw 5,304 5,304 Zendesk, Inc. Senior Secured First Lien Debt Revolver 2,184 2,184 $ 95,511 $ 76,471 As of December 31, 2022, the Company's unfunded commitments consisted of the following: Portfolio Company Name Investment Type Commitment Type Total Commitment Remaining Commitment ADCS Clinics Intermediate Holdings, LLC Senior Secured First Lien Debt Delayed Draw $ 1,513 $ 333 ADCS Clinics Intermediate Holdings, LLC Senior Secured First Lien Debt Delayed Draw 1,246 1,246 Portfolio Company Name Investment Type Commitment Type Total Commitment Remaining Commitment ADCS Clinics Intermediate Holdings, LLC Senior Secured First Lien Debt Revolver $ 533 $ 533 Alera Group Intermediate Holdings, Inc. Senior Secured First Lien Debt Delayed Draw 5,793 2,552 Armada Parent, Inc. Senior Secured First Lien Debt Delayed Draw 2,034 1,019 Armada Parent, Inc. Senior Secured First Lien Debt Revolver 2,444 2,444 Avalara, Inc. Senior Secured First Lien Debt Revolver 1,990 1,990 Aventine Holdings, LLC Senior Secured First Lien Debt Delayed Draw 4,722 366 BCPE Oceandrive Buyer, Inc. Senior Secured First Lien Debt Delayed Draw 5,194 4,408 Center Phase Energy, LLC Senior Secured First Lien Debt Revolver 6,593 6,593 Communication Technology Intermediate, LLC Senior Secured First Lien Debt Revolver 998 912 Community Brands Parentco, LLC Senior Secured First Lien Debt Delayed Draw 1,085 1,085 Community Brands Parentco, LLC Senior Secured First Lien Debt Revolver 542 542 Coronis Health, LLC Senior Secured First Lien Debt Revolver 1,968 1,968 Eliassen Group, LLC Senior Secured First Lien Debt Delayed Draw 1,452 1,235 Encina Equipment Finance, LLC Subordinated Debt Delayed Draw 11,000 4,086 Faraday Buyer, LLC Senior Secured First Lien Debt Delayed Draw 1,260 1,260 FGT Purchaser, LLC Senior Secured First Lien Debt Revolver 976 605 Galway Borrower, LLC Senior Secured First Lien Debt Delayed Draw 125 125 Galway Borrower, LLC Senior Secured First Lien Debt Revolver 861 861 Geosyntec Consultants, Inc. Senior Secured First Lien Debt Delayed Draw 5,503 5,503 Geosyntec Consultants, Inc. Senior Secured First Lien Debt Revolver 2,017 2,017 Gogo Intermediate Holdings, LLC Senior Secured First Lien Debt Revolver 452 452 IG Investments Holdings, LLC Senior Secured First Lien Debt Revolver 632 379 Indigo Buyer, Inc. Senior Secured First Lien Debt Delayed Draw 3,841 3,841 Indigo Buyer, Inc. Senior Secured First Lien Debt Revolver 1,536 1,280 IQN Holding Corp. Senior Secured First Lien Debt Delayed Draw 1,258 1,163 IQN Holding Corp. Senior Secured First Lien Debt Revolver 503 503 Knowledge Pro Buyer, Inc. Senior Secured First Lien Debt Delayed Draw 2,290 1,238 Knowledge Pro Buyer, Inc. Senior Secured First Lien Debt Revolver 1,147 1,147 Medical Management Resource Group, LLC Senior Secured First Lien Debt Revolver 603 603 Mirra-Primeaccess Holdings, LLC Senior Secured First Lien Debt Revolver 3,429 2,143 Monumental RSN, LLC Senior Secured First Lien Debt Revolver 1,590 1,590 Odessa Technologies, Inc. Senior Secured First Lien Debt Delayed Draw 1,217 1,217 Odessa Technologies, Inc. Senior Secured First Lien Debt Revolver 1,704 1,704 Pie Buyer, Inc. Senior Secured First Lien Debt Delayed Draw 2,905 2,905 Pie Buyer, Inc. Senior Secured First Lien Debt Revolver 741 556 Pluralsight, LLC Senior Secured First Lien Debt Revolver 638 319 Point Broadband Acquisition, LLC Senior Secured First Lien Debt Delayed Draw 3,663 1,930 Relativity Oda, LLC Senior Secured First Lien Debt Revolver 196 196 Roadsafe Holdings, Inc. Senior Secured First Lien Debt Delayed Draw 4,357 1,437 RSC Acquisition, Inc. Senior Secured First Lien Debt Delayed Draw 2,179 1,541 Saturn SHC Buyer Holdings, Inc. Senior Secured First Lien Debt Revolver 4,012 4,012 Sherlock Buyer Corp. Senior Secured First Lien Debt Delayed Draw 1,454 1,454 Portfolio Company Name Investment Type Commitment Type Total Commitment Remaining Commitment Sherlock Buyer Corp. Senior Secured First Lien Debt Revolver $ 581 $ 581 Simplifi Holdings, Inc. Senior Secured First Lien Debt Revolver 1,720 1,720 SunMed Group Holdings, LLC Senior Secured First Lien Debt Revolver 259 135 The NPD Group, LP Senior Secured First Lien Debt Revolver 943 830 Trinity Air Consultants Holdings Corp. Senior Secured First Lien Debt Delayed Draw 3,001 1,350 Trinity Air Consultants Holdings Corp. Senior Secured First Lien Debt Revolver 857 857 Triple Lift, Inc. Senior Secured First Lien Debt Revolver 1,393 859 US Oral Surgery Management Holdco, LLC Senior Secured First Lien Debt Delayed Draw 2,176 585 US Oral Surgery Management Holdco, LLC Senior Secured First Lien Debt Delayed Draw 1,896 1,896 US Oral Surgery Management Holdco, LLC Senior Secured First Lien Debt Revolver 527 527 US Salt Investors, LLC Senior Secured First Lien Debt Revolver 934 934 Victors CCC Buyer, LLC Senior Secured First Lien Debt Delayed Draw 1,875 1,875 Victors CCC Buyer, LLC Senior Secured First Lien Debt Revolver 1,358 1,358 West Coast Dental Services, Inc. Senior Secured First Lien Debt Delayed Draw 1,448 1,448 West Coast Dental Services, Inc. Senior Secured First Lien Debt Revolver 1,087 978 Westwood Professional Services, Inc. Senior Secured First Lien Debt Delayed Draw 1,299 866 Westwood Professional Services, Inc. Senior Secured First Lien Debt Revolver 162 162 WHCG Purchaser III, Inc. Senior Secured First Lien Debt Delayed Draw 5,886 2,836 WHCG Purchaser III, Inc. Senior Secured First Lien Debt Revolver 1,821 1,106 WIN Holdings III Corp. Senior Secured First Lien Debt Revolver 1,908 1,908 Zendesk, Inc. Senior Secured First Lien Debt Delayed Draw 5,304 5,304 Zendesk, Inc. Senior Secured First Lien Debt Revolver 2,184 2,184 $ 138,815 $ 103,592

Capital (Tables)

Capital (Tables)	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Schedule of Investor Commitments	The following table summarizes the total capital commitments and unfunded capital commitments of Common Stock and Series A Preferred Stock as of December 31, 2023 and as of December 31, 2022: As of December 31, 2023 As of December 31, 2022 Capital Commitments Unfunded Capital Commitments Capital Commitments Unfunded Capital Commitments Common Stock $ 375,461 $ 900 $ 586,156 $ 221,281 Series A Preferred Stock 77,500 — 77,500 41,354 Total $ 452,961 $ 900 $ 663,656 $ 262,635
Schedule of Total Shares Related to Common Stock	The following tables summarizes the total shares issued and proceeds related to capital drawdowns of Common Stock for the year ended December 31, 2023: Share Issue Date Shares Issued Net Proceeds Received For the year ended December 31, 2023 March 27, 2023 532,871 $ 8,073 July 31, 2023 111,905 1,645 Total Capital Drawdowns 644,776 $ 9,718 The following tables summarizes the total shares issued and proceeds related to capital drawdowns of Common Stock for the year ended December 31, 2022: Share Issue Date Shares Issued Net Proceeds Received For the year ended December 31, 2022 May 27, 2022 1,653,439 $ 25,000 July 15, 2022 2,621,233 40,000 September 28, 2022 3,289,476 50,000 November 23, 2022 1,256,895 18,854 Total Capital Drawdowns 8,821,043 $ 133,854 The following table summarizes the total shares issued and proceeds, net of offering costs related to capital drawdowns of Series A Preferred Stock year ended December 31, 2023: Share Issue Date Shares Issued Net Proceeds Received For the year ended December 31, 2023 March 27, 2023 41,353 $ 41,291 Total Capital Drawdowns 41,353 $ 41,291 The following table summarizes the total shares issued and proceeds, net of offering costs related to capital drawdowns of Series A Preferred Stock year ended December 31, 2022: Share Issue Date Shares Issued Net Proceeds Received For the year ended December 31, 2022 April 7, 2022 5,000 $ 4,993 July 15, 2022 10,000 9,985 November 23, 2022 16,147 16,123 Total Capital Drawdowns 31,147 $ 31,101

Common Stock (Tables)

Common Stock (Tables)	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Schedule of Net Assets Attributable to Common Stock Activity	The following table reflects the net assets attributable to Common Stock activity for the years ended December 31, 2023, 2022, and 2021: Common stock - shares Common stock - par Additional paid in capital Total distributable earnings (loss) Total net assets attributable to common stock Balance as of December 31, 2020 100 $ — (1) $ 2 $ (414) $ (412) Net investment income (loss) — — — 4,143 4,143 Net realized gain (loss) from investment transactions — — — 618 618 Net change in unrealized appreciation (depreciation) on investments — — — 2,108 2,108 Issuance of common stock, net of issuance costs 15,208,778 15 231,004 — 231,019 Distributions to stockholders — — — (2,293) (2,293) Reinvested dividends 51,886 — 790 — 790 Tax adjustment — — (596) 596 — Balance as of December 31, 2021 15,260,764 $ 15 $ 231,200 $ 4,758 $ 235,973 Net investment income (loss) — — — 31,470 31,470 Net realized gain (loss) from investment transactions — — — 467 467 Net change in unrealized appreciation (depreciation) on investments — — — (8,737) (8,737) Accretion to redemption value of Series A redeemable convertible preferred stock — — — (3) (3) Accrual of Series A redeemable convertible preferred stock distributions — — — (1,367) (1,367) Distributions to common stockholders — — — (27,309) (27,309) Issuance of common stock, net of issuance costs 8,821,043 10 133,844 — 133,854 Reinvested dividends 527,325 — 8,073 — 8,073 Tax adjustment — — 2,440 (2,440) — Balance as of December 31, 2022 24,609,132 $ 25 $ 375,557 $ (3,161) $ 372,421 Net investment income (loss) — — — 53,575 53,575 Net realized gain (loss) from investment transactions — — — (987) (987) Net change in unrealized appreciation (depreciation) on investments — — — (7,809) (7,809) Accretion to redemption value of Series A redeemable convertible preferred stock — — — (17) (17) Accrual of Series A redeemable convertible preferred stock distributions — — — (7,615) (7,615) Distributions to common stockholders — — — (43,574) (43,574) Issuance of common stock, net of issuance costs 642,732 1 9,685 — 9,686 Reinvested dividends 828,525 0 (1) 12,439 — 12,439 Tax adjustment — — 2,651 (2,651) — Balance as of December 31, 2023 26,080,389 $ 26 $ 400,332 $ (12,239) $ 388,119 (1) Less than $1. The following table reflects the Common Stock activity for the year ended December 31, 2023: Shares Value Shares Sold 642,732 $ 9,686 Shares Issued through DRIP 828,525 12,439 1,471,257 $ 22,125 The following table reflects the Common Stock activity for the year ended December 31, 2022: Shares Value Shares Sold 8,821,043 $ 133,854 Shares Issued through DRIP 527,325 8,073 9,348,368 $ 141,927

Preferred Stock (Tables)

Preferred Stock (Tables)	12 Months Ended
	Dec. 31, 2023
Temporary Equity [Abstract]
Schedule of Activity of Series A Preferred Stock	The following table presents the activity in the Company’s Series A Preferred Stock for the year ended December 31, 2023: Series A Preferred Stock Shares Amount Beginning Balance, December 31, 2022 36,147 $ 36,093 Issuance of Preferred Stock 41,353 41,353 Offering costs — (65) Amortization of offering costs — 17 Ending Balance, December 31, 2023 77,500 $ 77,398 The following table presents the activity in the Company’s Series A Preferred Stock for the year ended December 31, 2022: Series A Preferred Stock Shares Amount Beginning Balance, December 31, 2021 5,000 $ 4,992 Issuance of Preferred Stock 31,147 31,147 Offering costs — (49) Amortization of offering costs — 3 Ending Balance, December 31, 2022 36,147 $ 36,093

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following information sets forth the computation of the weighted average basic and diluted net increase in net assets per share resulting from operations for the years ended December 31, 2023, 2022, and 2021. For the year ended December 31, Numerator 2023 2022 2021 Net increase (decrease) in net assets resulting from operations $ 44,779 $ 23,200 $ 6,869 Less: cumulative preferred stock dividends (8,789) (2,297) — Less: changes in carrying value of redeemable securities (17) (3) — Numerator for EPS - income available to common stockholders $ 35,973 $ 20,900 $ 6,869 Denominator Weighted average common shares outstanding 25,464,652 18,679,387 5,301,096 Basic and diluted earnings per share $ 1.41 $ 1.12 $ 1.30

Distributions (Tables)

Distributions (Tables)	12 Months Ended
	Dec. 31, 2023
Distributed Earnings [Abstract]
Schedule of Distributions Declared	The following table reflects the distributions declared on shares of the Company’s Common Stock during the year ended December 31, 2023: Date Declared Record Date Payment Date Amount Per Share For the Year Ended December 31, 2023 February 24, 2023 February 24, 2023 March 24, 2023 $0.43 April 27, 2023 April 27, 2023 May 5, 2023 $0.43 July 28, 2023 July 28, 2023 August 7, 2023 $0.43 November 8, 2023 November 8, 2023 November 16, 2023 $0.43 The following table reflects the distributions declared on shares of the Company’s Common Stock during the year ended December 31, 2022: Date Declared Record Date Payment Date Amount Per Share For the Year Ended December 31, 2022 February 4, 2022 January 31, 2022 February 22, 2022 $0.30 May 11, 2022 May 11, 2022 May 24, 2022 $0.39 July 28, 2022 July 28, 2022 August 5, 2022 $0.39 October 26, 2022 October 26, 2022 November 7, 2022 $0.39 The following table reflects the distributions declared on shares of the Company’s Series A Preferred Stock during the year ended December 31, 2023: Date Declared Record Date Payment Date Amount Per Share For the Year Ended December 31, 2023 February 24, 2023 February 24, 2023 March 24, 2023 $28.31 April 27, 2023 April 27, 2023 May 5, 2023 $28.35 July 28, 2023 July 28, 2023 August 7, 2023 $28.35 November 8, 2023 November 8, 2023 November 16, 2023 $28.35 The following table reflects the distributions declared on shares of the Company’s Series A Preferred Stock during the year ended December 31, 2022: Date Declared Record Date Payment Date Amount Per Share For the Year Ended December 31, 2022 February 4, 2022 January 31, 2022 February 22, 2022 $19.49 May 11, 2022 May 11, 2022 May 24, 2022 $25.28 July 28, 2022 July 28, 2022 August 5, 2022 $25.42 October 26, 2022 October 26, 2022 November 7, 2022 $25.42

Income Tax Information and Di_2

Income Tax Information and Distributions to Stockholders (Tables)	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Schedule of Investment Company, Distribution To Shareholders	The tax character of distributions for the fiscal years ended December 31, 2023, 2022, and 2021 was as follows: For the year ended December 31, 2023* 2022 2021 Ordinary income distributions $ 50,918 99.5 % $ 28,676 100.0 % $ 2,293 100.0 % Capital gains distributions 271 0.5 — — — — Return of capital — — — — — — Total distributions $ 51,189 100.0 % $ 28,676 100.0 % $ 2,293 100.0 % * Includes 94.47% interest-related dividends. Interest-related dividends received by nonresident aliens and foreign corporations are generally eligible for exemption from U.S. withholding tax in accordance with Sections 871(k) of the Code.
Schedule of Federal Income Tax Note	For the years ended December 31, 2023, 2022, and 2021, the reconciliation of net increase in net assets resulting from operations to taxable income is as follows: 2023 2022 2021 Book income (loss) from operating activities $ 37,147 $ 21,830 $ 6,869 Net unrealized (gain)/loss on investments 7,041 7,957 (2,108) Nondeductible expenses 131 313 — Temporary differences 5,077 (1,101) (50) Taxable income before deductions for distributions paid $ 49,396 $ 28,999 $ 4,711 At December 31, 2023 and 2022, gross unrealized appreciation and gross unrealized depreciation based on cost for federal income tax purposes were as follows: December 31, 2023 December 31, 2022 Tax cost 767,011 786,984 Gross unrealized appreciation 6,733 5,071 Gross unrealized depreciation (19,147) (9,675)
Schedule of Components of Accumulated Gain and Losses on a Tax Basis	For the years ended December 31, 2023, 2022, and 2021, the components of accumulated gain and losses on a tax basis were as follows: For the year ended December 31, 2023 2022 2021 Undistributed ordinary income $ 2,174 $ 3,586 $ 3,036 Undistributed long term gain (loss) 369 271 — Undistributed capital loss carryforward — — — Total undistributed net earnings (loss) 2,543 3,856 3,036 Net unrealized gain (loss) on investments (12,414) (4,604) 2,108 Other accumulated gain (loss) on investments (2,368) (388) (386) Total undistributed taxable income (loss) $ (12,239) $ (1,136) $ 4,758
Schedule of Components of Net Assets	During the years ended December 31, 2023 and 2022, as a result of permanent book-to-tax differences, the Company made reclassifications among components of net assets as follows: Total distributable earnings (loss) Paid in capital 2023 $ (2,651) $ 2,651 2022 $ (2,440) $ 2,440

Financial Highlights (Tables)

Financial Highlights (Tables)	12 Months Ended
	Dec. 31, 2023
Investment Company [Abstract]
Schedule of Financial Highlights	The following is a schedule of financial highlights for the years ended December 31, 2023 and 2022, and for the period from January 7, 2021 to December 31, 2021: For the year ended December 31, For the period from January 7, 2021 to December 31, 2023 2022 2021 Per share data: Net asset value attributable to common stock, beginning of period $ 15.13 $ 15.46 $ 15.00 Results of operations (1) Net investment income (loss) 2.11 1.68 0.78 Net realized and unrealized gain (loss) on investments, net of change in deferred taxes (0.28) (0.44) 0.52 Net realized loss on extinguishment of debt (0.06) — — Net increase (decrease) in net assets resulting from operations attributable to common stockholders and participating securities 1.77 1.24 1.30 Accretion to redemption value of Series A redeemable convertible preferred stock (1)(9) — — — Accrual of Series A redeemable convertible preferred stock distributions (1) (0.30) (0.07) — Net increase (decrease) in net assets resulting from operations attributable to common stockholders 1.47 1.17 1.30 Stockholder distributions (2) Common stockholder distributions from net investment income (1.71) (1.47) (0.30) Common stockholder distributions from capital gains (0.01) — — Net decrease in net assets resulting from stockholder distributions (1.72) (1.47) (0.30) Other (3) — (0.03) (0.54) Net asset value attributable to common stock, end of period $ 14.88 $ 15.13 $ 15.46 Common shares outstanding at end of period 26,080,389 24,609,132 15,260,764 Total return (4) 10.12 % 7.62 % 3.08 % Ratio/Supplemental data attributable to common stock: Total net assets attributable to common stock, end of period $ 388,119 $ 372,421 $ 235,973 Ratio of net investment income to average net assets attributable to common stock 13.97 % 10.80 % 3.49 % Ratio of total expenses to average net assets attributable to common stock (5) 12.73 % 10.15 % 7.76 % Ratio of incentive fees to average net assets attributable to common stock (6) 2.01 % 1.48 % 0.93 % Ratio of net expenses to average net assets attributable to common stock (7) 10.72 % 8.67 % 6.83 % Ratio of debt related expenses to average net assets attributable to common stock 8.12 % 5.99 % 2.98 % Portfolio turnover rate (8) 9.93 % 9.03 % 3.46 % (1) The per share data was derived by using the weighted average common shares outstanding during the period. (2) The per share data for distributions reflects the actual amount of distributions declared per share during the period. (3) Represents the impact of calculating certain per share amounts based on weighted average common shares outstanding during the period and certain per share amounts based on common shares outstanding as of period end. (4) Total return is calculated assuming a purchase of shares of Common Stock at the current net asset value attributable to Common Stock on the first day and a sale at the current net asset value attributable to Common Stock on the last day of the periods reported. Common Stock distributions, if any, are assumed for purposes of this calculation to be reinvested at prices obtained under the DRIP. Total return is not annualized. (5) Ratio of total expenses to average net assets attributable to common stock is calculated using total operating expenses, including income tax expense over average net assets attributable to common stock. (6) Represents gross incentive fees, prior to any incentive fee waivers. Incentive fees for the first twelve calendar quarters are waived, refer to Note 4 - Related Party Transactions for additional details. (7) Ratio of net expenses to average net assets attributable to common stock is calculated using total operating expenses, including income tax expense, less applicable waivers over average net assets attributable to common stock. (8) Portfolio turnover rate is calculated using the lesser of year-to-date purchases or sales over the average of the invested assets at fair value. (9) Rounds to less than $0.01 per share.

Schedules of Investments and _2

Schedules of Investments and Advances to Affiliates (Tables)	12 Months Ended
	Dec. 31, 2023
Investments in and Advances to Affiliates [Abstract]
Schedule of Investments and Advances to Affiliates	The following table presents the Schedule of Investments and Advances to Affiliates for the year ended December 31, 2023: Portfolio Company (1) Type of Asset Amount of dividends and interest included in income Beginning Fair Value at December 31, 2022 Gross additions* Gross reductions** Realized Gain/(Loss) Change in Unrealized Gain (Loss) Fair Value at December 31, 2023 Control Investments Post Road Equipment Finance, LLC (2) Equity/Other $ 2,700 $ 30,742 $ 1,883 $ — $ — $ (25) $ 32,600 Post Road Equipment Finance, LLC (2) Subordinated Debt 1,237 6,914 5,029 (987) — 44 11,000 Post Road Equipment Finance, LLC (2) Subordinated Debt 3,205 24,500 11 — — (11) 24,500 Total Control Investments $ 7,142 $ 62,156 $ 6,923 $ (987) $ — $ 8 $ 68,100 —–—–—–—–—– * Gross additions include increases in the cost basis of investments resulting from new portfolio investments, PIK interest or dividends, 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. ** 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. (1) The principal/share amount and ownership detail are shown in the consolidated schedules of investments. (2) The fair value of investments with respect to securities for which market quotations are not readily available is determined in good faith by the Company's Board of Directors as required by the 1940 Act. Such investments are valued using significant unobservable inputs (See Note 3 to the consolidated financial statements). The following table presents the Schedule of Investments and Advances to Affiliates for the year ended December 31, 2022: Portfolio Company (1) Type of Asset Amount of dividends and interest included in income Beginning Fair Value at December 31, 2021 Gross additions* Gross reductions** Realized Gain/(Loss) Change in Unrealized Gain Fair Value at December 31, 2022 Control Investments Encina Equipment Finance, LLC (2) Equity/Other $ 2,698 $ 30,742 $ — $ 35 $ — $ (35) $ 30,742 Encina Equipment Finance, LLC (2) Subordinated Debt 409 — 6,914 — — — 6,914 Encina Equipment Finance, LLC (2) Subordinated Debt 2,493 24,412 10 — — 78 24,500 Total Control Investments $ 5,600 $ 55,154 $ 6,924 $ 35 $ — $ 43 $ 62,156 Affiliate Investments Jakks Pacific, Inc. (2) (3) Equity/Other $ 4 $ 116 $ 5 $ (121) $ — $ — $ — Total Affiliate Investments $ 4 $ 116 $ 5 $ (121) $ — $ — $ — —–—–—–—–—– * Gross additions include increases in the cost basis of investments resulting from new portfolio investments, PIK interest or dividends, 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. ** 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. (1) The principal/share amount and ownership detail are shown in the consolidated schedules of investments. (2) The fair value of investments with respect to securities for which market quotations are not readily available is determined in good faith by the Company's Board of Directors as required by the 1940 Act. Such investments are valued using significant unobservable inputs (See Note 3 to the consolidated financial statements). (3) Includes $4 of interest income from Jakks Pacific, Inc. subordinated debt.

Organization (Details)

Organization (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Schedule of Investments [Line Items]
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Minimum
Schedule of Investments [Line Items]
Middle market companies, EBITDA	$ 25
Maximum
Schedule of Investments [Line Items]
Middle market companies, EBITDA	$ 100

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details) - USD ($) $ in Millions	11 Months Ended	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2023	Dec. 31, 2022
Accounting Policies [Abstract]
Reimbursement threshold for excess costs to be reimbursed by the Advisor		$ 1
Reimbursement threshold of costs as a percentage of total commitments for excess costs to be reimbursed by the Advisor		0.10%
Offering costs subject to the Adviser limitation	$ 0	$ 0	$ 0

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Schedule of Fair Value Measurements of Investments, by Major Class (Details) - USD ($) $ in Thousands	Dec. 31, 2023		Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 756,145	[1]	$ 782,380	[2]
Senior Secured First Lien Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	632,343		662,975
Senior Secured Second Lien Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	52,126		54,022
Subordinated Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	35,500		31,414
Equity/Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	36,176		33,969
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0		0
Level 1 | Senior Secured First Lien Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0		0
Level 1 | Senior Secured Second Lien Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0		0
Level 1 | Subordinated Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0		0
Level 1 | Equity/Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0		0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	29,612		35,348
Level 2 | Senior Secured First Lien Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	16,639		26,901
Level 2 | Senior Secured Second Lien Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	12,973		8,447
Level 2 | Subordinated Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0		0
Level 2 | Equity/Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0		0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	726,533		747,032
Level 3 | Senior Secured First Lien Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	615,704		636,074
Level 3 | Senior Secured Second Lien Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	39,153		45,575
Level 3 | Subordinated Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	35,500		31,414
Level 3 | Equity/Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 36,176		$ 33,969
[1]Percentages are based on net assets attributable to common stock as of December 31, 2023.[2]Percentages are based on net assets attributable to common stock as of December 31, 2022.

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Schedule of Investment Measured on Recurring Basis, Unobservable Input Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Total
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 747,032	$ 456,668
Purchases and other adjustments to cost	80,697	330,702
Sales and repayments	(88,092)	(54,385)
Transfers in	5,153	33,174
Transfers out	(9,833)	(14,678)
Ending balance	726,533	747,032
Net change in unrealized appreciation (depreciation) for the period relating to those Level 3 assets that were still held by the Company at the end of the year:	(9,617)	(4,867)
Total | Net realized gain (loss)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Net realized and unrealized gain (loss)	1,349	426
Total | Net change in unrealized appreciation (depreciation) on investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Net realized and unrealized gain (loss)	(9,773)	(4,875)
Senior Secured First Lien Debt
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	636,074	358,083
Purchases and other adjustments to cost	73,738	317,946
Sales and repayments	(84,943)	(54,420)
Transfers in	5,153	21,533
Transfers out	(5,857)	(5,508)
Ending balance	615,704	636,074
Net change in unrealized appreciation (depreciation) for the period relating to those Level 3 assets that were still held by the Company at the end of the year:	(9,606)	(1,978)
Senior Secured First Lien Debt | Net realized gain (loss)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Net realized and unrealized gain (loss)	1,295	426
Senior Secured First Lien Debt | Net change in unrealized appreciation (depreciation) on investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Net realized and unrealized gain (loss)	(9,756)	(1,986)
Senior Secured Second Lien Debt
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	45,575	42,360
Purchases and other adjustments to cost	29	3,941
Sales and repayments	(2,162)	0
Transfers in	0	11,641
Transfers out	(3,976)	(9,170)
Ending balance	39,153	45,575
Net change in unrealized appreciation (depreciation) for the period relating to those Level 3 assets that were still held by the Company at the end of the year:	(361)	(3,197)
Senior Secured Second Lien Debt | Net realized gain (loss)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Net realized and unrealized gain (loss)	54	0
Senior Secured Second Lien Debt | Net change in unrealized appreciation (depreciation) on investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Net realized and unrealized gain (loss)	(367)	(3,197)
Subordinated Debt
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	31,414	24,412
Purchases and other adjustments to cost	5,040	6,924
Sales and repayments	(987)	0
Transfers in	0	0
Transfers out	0	0
Ending balance	35,500	31,414
Net change in unrealized appreciation (depreciation) for the period relating to those Level 3 assets that were still held by the Company at the end of the year:	33	78
Subordinated Debt | Net realized gain (loss)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Net realized and unrealized gain (loss)	0	0
Subordinated Debt | Net change in unrealized appreciation (depreciation) on investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Net realized and unrealized gain (loss)	33	78
Equity/Other
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	33,969	31,813
Purchases and other adjustments to cost	1,890	1,891
Sales and repayments	0	35
Transfers in	0	0
Transfers out	0	0
Ending balance	36,176	33,969
Net change in unrealized appreciation (depreciation) for the period relating to those Level 3 assets that were still held by the Company at the end of the year:	317	230
Equity/Other | Net realized gain (loss)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Net realized and unrealized gain (loss)	0	0
Equity/Other | Net change in unrealized appreciation (depreciation) on investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Net realized and unrealized gain (loss)	$ 317	$ 230

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Investments at Amortized Cost and Fair Value (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023		Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	$ 769,035	[1]	$ 788,229	[2]
Fair Value	$ 756,145	[1]	$ 782,380	[2]
Investment Owned, At Fair Value | Investment Type Concentration Risk
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Percentage of Total Portfolio	100%		100%
Senior Secured First Lien Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	$ 642,976		$ 666,045
Fair Value	$ 632,343		$ 662,975
Senior Secured First Lien Debt | Investment Owned, At Fair Value | Investment Type Concentration Risk
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Percentage of Total Portfolio	83.60%		84.80%
Senior Secured Second Lien Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	$ 55,145		$ 57,213
Fair Value	$ 52,126		$ 54,022
Senior Secured Second Lien Debt | Investment Owned, At Fair Value | Investment Type Concentration Risk
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Percentage of Total Portfolio	6.90%		6.90%
Subordinated Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	$ 35,389		$ 31,336
Fair Value	$ 35,500		$ 31,414
Subordinated Debt | Investment Owned, At Fair Value | Investment Type Concentration Risk
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Percentage of Total Portfolio	4.70%		4%
Equity/Other
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Amortized Cost	$ 35,525		$ 33,635
Fair Value	$ 36,176		$ 33,969
Equity/Other | Investment Owned, At Fair Value | Investment Type Concentration Risk
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Percentage of Total Portfolio	4.80%		4.30%
[1]Percentages are based on net assets attributable to common stock as of December 31, 2023.[2]Percentages are based on net assets attributable to common stock as of December 31, 2022.

Fair Value of Financial Instr_6

Fair Value of Financial Instruments - Unobservable Inputs (Details)	Dec. 31, 2023 USD ($) investment		Dec. 31, 2022 USD ($) investment
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 756,145,000	[1]	$ 782,380,000	[2]
Number of investments | investment	1		1
Senior Secured First Lien Debt
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 632,343,000		$ 662,975,000
Senior Secured Second Lien Debt
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	52,126,000		54,022,000
Subordinated Debt
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	35,500,000		31,414,000
Equity/Other
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	36,176,000		33,969,000
Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	726,533,000		747,032,000
Level 3 | Senior Secured First Lien Debt
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	615,704,000		636,074,000
Level 3 | Senior Secured First Lien Debt | Yield Analysis | Market Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 597,286,000		$ 636,074,000
Level 3 | Senior Secured First Lien Debt | Yield Analysis | Market Yield | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	8.81		8.57
Level 3 | Senior Secured First Lien Debt | Yield Analysis | Market Yield | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	25.58		13.33
Level 3 | Senior Secured First Lien Debt | Yield Analysis | Market Yield | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	11		10.57
Level 3 | Senior Secured First Lien Debt | Unobservable Inputs Not Developed
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 15,649,000
Level 3 | Senior Secured First Lien Debt | Waterfall Analysis | EBITDA Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 2,769,000
Level 3 | Senior Secured First Lien Debt | Waterfall Analysis | EBITDA Multiple | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	6
Level 3 | Senior Secured First Lien Debt | Waterfall Analysis | EBITDA Multiple | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	6
Level 3 | Senior Secured First Lien Debt | Waterfall Analysis | EBITDA Multiple | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	6
Level 3 | Senior Secured Second Lien Debt
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 39,153,000		$ 45,575,000
Level 3 | Senior Secured Second Lien Debt | Yield Analysis | Market Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 39,153,000		$ 45,575,000
Level 3 | Senior Secured Second Lien Debt | Yield Analysis | Market Yield | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	13.35		12.2
Level 3 | Senior Secured Second Lien Debt | Yield Analysis | Market Yield | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	20.5		19.8
Level 3 | Senior Secured Second Lien Debt | Yield Analysis | Market Yield | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	14.95		14.82
Level 3 | Subordinated Debt
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 35,500,000		$ 31,414,000
Level 3 | Subordinated Debt | Waterfall Analysis | Tangible Net Asset Value Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 35,500,000		$ 31,414,000
Level 3 | Subordinated Debt | Waterfall Analysis | Tangible Net Asset Value Multiple | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	1.75		1.87
Level 3 | Subordinated Debt | Waterfall Analysis | Tangible Net Asset Value Multiple | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	1.75		1.87
Level 3 | Subordinated Debt | Waterfall Analysis | Tangible Net Asset Value Multiple | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	1.75		1.87
Level 3 | Equity/Other
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 36,176,000		$ 33,969,000
Level 3 | Equity/Other | Yield Analysis | Market Yield
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 117,000		$ 116,000
Level 3 | Equity/Other | Yield Analysis | Market Yield | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	13.5		13
Level 3 | Equity/Other | Yield Analysis | Market Yield | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	13.5		13
Level 3 | Equity/Other | Yield Analysis | Market Yield | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	13.5		13
Level 3 | Equity/Other | Waterfall Analysis | Tangible Net Asset Value Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 32,600,000		$ 30,742,000
Level 3 | Equity/Other | Waterfall Analysis | Tangible Net Asset Value Multiple | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	1.75		1.87
Level 3 | Equity/Other | Waterfall Analysis | Tangible Net Asset Value Multiple | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	1.75		1.87
Level 3 | Equity/Other | Waterfall Analysis | Tangible Net Asset Value Multiple | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	1.75		1.87
Level 3 | Equity/Other | Waterfall Analysis | EBITDA Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 3,459,000		$ 3,111,000
Level 3 | Equity/Other | Waterfall Analysis | EBITDA Multiple | Minimum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	11.87		14.25
Level 3 | Equity/Other | Waterfall Analysis | EBITDA Multiple | Maximum
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	24.5		20.75
Level 3 | Equity/Other | Waterfall Analysis | EBITDA Multiple | Weighted Average
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	18.14		17.11
[1]Percentages are based on net assets attributable to common stock as of December 31, 2023.[2]Percentages are based on net assets attributable to common stock as of December 31, 2022.

Related Party Transactions (Det

Related Party Transactions (Details) $ in Thousands			12 Months Ended
	Oct. 02, 2023	Sep. 23, 2020	Dec. 31, 2023 USD ($) component	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Related Party Transaction [Line Items]
Debt-to-equity ratio	1		1
Management fees payable			$ 1,066	$ 1,007
Management fees			4,187	3,378	$ 1,109
Incentive fee on income			7,704	4,720	711
Incentive fee on capital gains			0	(409)	409
Other general and administrative			2,073	1,205	979
Investment Advisory Agreement
Related Party Transaction [Line Items]
Management fees payable			$ 1,100	1,000
Investment Advisory Agreement | Affiliated entity
Related Party Transaction [Line Items]
Investment advisory agreement term		2 years
Number of components | component			2
Incentive fee | Affiliated entity
Related Party Transaction [Line Items]
Number of incentive fee components | component			2
Period from liquidity event			15 months
Incentive fee, pre-liquidity event, preferred return, quarterly | Affiliated entity
Related Party Transaction [Line Items]
Incentive fee rate (as a percent)			1.50%
Incentive fee, pre-liquidity event, preferred return, annualized | Affiliated entity
Related Party Transaction [Line Items]
Incentive fee rate (as a percent)			6%
Incentive fee, pre-liquidity event, pre-incentive fee net investment income below catch-up threshold | Affiliated entity
Related Party Transaction [Line Items]
Incentive fee rate (as a percent)			100%
Incentive fee, pre-liquidity event, quarterly catch-up threshold | Affiliated entity
Related Party Transaction [Line Items]
Incentive fee rate (as a percent)	1.8175%		1.765%
Incentive fee, pre-liquidity event, annualized catch-up threshold | Affiliated entity
Related Party Transaction [Line Items]
Incentive fee rate (as a percent)	7.27%		7.06%
Incentive fee, pre-liquidity event, pre-incentive fee net investment income exceeds catch-up threshold | Affiliated entity
Related Party Transaction [Line Items]
Incentive fee rate (as a percent)	17.50%		15%
Incentive fee, post-liquidity event, preferred return, quarterly | Affiliated entity
Related Party Transaction [Line Items]
Incentive fee rate (as a percent)			1.50%
Incentive fee, post-liquidity event, preferred return, annualized | Affiliated entity
Related Party Transaction [Line Items]
Incentive fee rate (as a percent)			6%
Incentive fee, post-liquidity event, pre-incentive fee net investment income below catch-up threshold | Affiliated entity
Related Party Transaction [Line Items]
Incentive fee rate (as a percent)			100%
Incentive fee, post-liquidity event, quarterly catch-up threshold | Affiliated entity
Related Party Transaction [Line Items]
Incentive fee rate (as a percent)			1.8175%
Incentive fee, post-liquidity event, annualized catch-up threshold | Affiliated entity
Related Party Transaction [Line Items]
Incentive fee rate (as a percent)			7.27%
Incentive fee, post-liquidity event, pre-incentive fee net investment income exceeds catch-up threshold | Affiliated entity
Related Party Transaction [Line Items]
Incentive fee rate (as a percent)			17.50%
Incentive fee, pre-liquidity event, capital gains | Affiliated entity
Related Party Transaction [Line Items]
Incentive fee rate (as a percent)	17.50%		15%
Incentive fee, post-liquidity event, capital gains | Affiliated entity
Related Party Transaction [Line Items]
Incentive fee rate (as a percent)			17.50%
Management fee | Affiliated entity
Related Party Transaction [Line Items]
Management fee rate (as a percent)			100%
Period from liquidity event			15 months
Management fee, pre-liquidity event | Affiliated entity
Related Party Transaction [Line Items]
Management fee rate (as a percent)	1.50%		0.50%
Management fee, post-liquidity event | Affiliated entity
Related Party Transaction [Line Items]
Management fee rate (as a percent)	1%		1.50%
Management fees waived | Affiliated entity
Related Party Transaction [Line Items]
Management fee rate (as a percent)			50%
Administration Agreement
Related Party Transaction [Line Items]
Accounts payable			$ 1,200	800
Other general and administrative			$ 1,200	$ 800	$ 700

Borrowings - Narrative (Details

Borrowings - Narrative (Details) $ in Thousands								1 Months Ended	3 Months Ended	4 Months Ended		5 Months Ended	6 Months Ended	8 Months Ended	9 Months Ended	12 Months Ended
	Oct. 04, 2023 USD ($)	Aug. 21, 2023	Jun. 28, 2022 USD ($)	Apr. 20, 2022	Jan. 31, 2022 USD ($)	Apr. 22, 2021 USD ($) extension	Mar. 15, 2021 USD ($)	Jan. 30, 2022	Mar. 29, 2023	Dec. 31, 2023 USD ($)	Apr. 19, 2022	Jun. 27, 2022	Dec. 31, 2022 USD ($)	Dec. 31, 2022 USD ($)	Oct. 04, 2023 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 09, 2022 USD ($)	Sep. 30, 2022 USD ($)	Dec. 15, 2021 USD ($)	Jul. 01, 2021 USD ($)	Sep. 23, 2020	Sep. 22, 2020
Debt Instrument [Line Items]
Covenant asset coverage ratio																							150%	200%
Ratio of debt related expenses to average net assets attributable to common stock										19,700%						19,700%
Maximum borrowing capacity	$ 400,000														$ 400,000
Senior securities, amount										$ 399,500						$ 399,500
Net realized loss on extinguishment of debt																(1,483)	$ 0	$ 0
Short-term borrowings										0			$ 20,792	$ 20,792		0	20,792
Interest expense, short-term borrowings																1,700	2,200	100
Short-term debt, average outstanding amount																$ 32,700	$ 44,000
Short-term debt, weighted average interest rate																0.02%	0.01%
Secured borrowings										33,300			0	0		$ 33,300	$ 0
Interest expense, borrowings																800	0	$ 0
Secured debt average outstanding amount										$ 30,500
Secured debt weighted average interest rate										8.98%
SOFR
Debt Instrument [Line Items]
Interest rate		3.60%
Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity										$ 400,000			425,500	425,500		$ 400,000	$ 425,500
Weighted average annualized interest cost percentage																7.76%	4.14%
Average daily debt outstanding																$ 346,100	$ 324,300
Maximum debt outstanding																$ 381,900	426,900
Revolving Credit Facility | MS Credit Facility
Debt Instrument [Line Items]
Interest rate																		2.25%
Revolving Credit Facility | MS Credit Facility | Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity			$ 400,000		$ 300,000		$ 100,000						$ 400,000	400,000			$ 400,000				$ 250,000	$ 200,000
Unused commitment fee					0.50%		0.50%									0.50%	0.50%	0.50%
Administrative agent fee percentage					0.25%
Net realized loss on extinguishment of debt	$ 1,500
Revolving Credit Facility | MS Credit Facility | Line of Credit | LIBOR
Debt Instrument [Line Items]
Floor on interest rate							0%	0%
Interest rate							2.25%	2.25%
Revolving Credit Facility | MS Credit Facility | Line of Credit | SOFR
Debt Instrument [Line Items]
Floor on interest rate												0%
Interest rate			2.25%		2%							2%	2.25%		2.25%
Revolving Credit Facility | MS Credit Facility | Line of Credit | SOFR | Interest rate scenario one
Debt Instrument [Line Items]
Floor on interest rate					0%
Interest rate					1.125%
Revolving Credit Facility | MS Subscription Facility
Debt Instrument [Line Items]
Interest rate																		2%
Revolving Credit Facility | MS Subscription Facility | Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity						$ 50,000							$ 25,500	$ 25,500			$ 25,500		$ 25,500	$ 44,500
Unused commitment fee	0.75%			0.30%												0.30%	0.30%	0.30%
Maximum borrowing capacity, increase limit						$ 150,000
Number of extension terms | extension						2
Revolving Credit Facility | MS Subscription Facility | Line of Credit | LIBOR
Debt Instrument [Line Items]
Interest rate						2%					2%
Revolving Credit Facility | MS Subscription Facility | Line of Credit | LIBOR | Interest rate scenario one
Debt Instrument [Line Items]
Interest rate						1%
Revolving Credit Facility | MS Subscription Facility | Line of Credit | SOFR
Debt Instrument [Line Items]
Interest rate	2.75%			2.10%					2.10%					2.10%
Revolving Credit Facility | MS Subscription Facility | Line of Credit | SOFR | Interest rate scenario one
Debt Instrument [Line Items]
Interest rate				1%
Revolving Credit Facility | MS Subscription Facility | Line of Credit | Prime Rate
Debt Instrument [Line Items]
Interest rate				1%		1%
Revolving Credit Facility | MS Subscription Facility | Line of Credit | Federal Funds Rate
Debt Instrument [Line Items]
Interest rate				0.50%		0.50%
Revolving Credit Facility | MS Subscription Facility | Line of Credit | Federal Funds Rate | Interest rate scenario one
Debt Instrument [Line Items]
Interest rate				1%		1%

Borrowings - Schedule of Borrow

Borrowings - Schedule of Borrowings (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Oct. 04, 2023	Dec. 31, 2022	Dec. 09, 2022	Sep. 30, 2022	Jun. 28, 2022	Jan. 31, 2022	Dec. 15, 2021	Jul. 01, 2021	Apr. 22, 2021	Mar. 15, 2021
Debt Instrument [Line Items]
Total Aggregate Borrowing Capacity		$ 400,000
Less Deferred Financing Costs	$ (2,082)		$ (2,320)
Amount per Consolidated Statements of Assets and Liabilities	319,918		379,580
Line of Credit | Revolving Credit Facility
Debt Instrument [Line Items]
Total Aggregate Borrowing Capacity	400,000		425,500
Total Principal Outstanding	322,000		381,900
Less Deferred Financing Costs	(2,082)		(2,320)
Amount per Consolidated Statements of Assets and Liabilities	319,918		379,580
JPM Credit Facility | Line of Credit | Revolving Credit Facility
Debt Instrument [Line Items]
Total Aggregate Borrowing Capacity	400,000
Total Principal Outstanding	322,000
Less Deferred Financing Costs	(2,082)
Amount per Consolidated Statements of Assets and Liabilities	$ 319,918
MS Credit Facility | Line of Credit | Revolving Credit Facility
Debt Instrument [Line Items]
Total Aggregate Borrowing Capacity			400,000			$ 400,000	$ 300,000	$ 250,000	$ 200,000		$ 100,000
Total Principal Outstanding			356,500
Less Deferred Financing Costs			(2,222)
Amount per Consolidated Statements of Assets and Liabilities			354,278
MS Subscription Facility | Line of Credit | Revolving Credit Facility
Debt Instrument [Line Items]
Total Aggregate Borrowing Capacity			25,500	$ 25,500	$ 44,500					$ 50,000
Total Principal Outstanding			25,400
Less Deferred Financing Costs			(98)
Amount per Consolidated Statements of Assets and Liabilities			$ 25,302

Borrowings - Schedule of Intere

Borrowings - Schedule of Interest and Debt Fees (Details) - USD ($) $ in Thousands								1 Months Ended	3 Months Ended	4 Months Ended	5 Months Ended	6 Months Ended	8 Months Ended	9 Months Ended	12 Months Ended
	Oct. 04, 2023	Aug. 21, 2023	Jun. 28, 2022	Apr. 20, 2022	Jan. 31, 2022	Apr. 22, 2021	Mar. 15, 2021	Jan. 30, 2022	Mar. 29, 2023	Apr. 19, 2022	Jun. 27, 2022	Dec. 31, 2022	Dec. 31, 2022	Oct. 04, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Interest Expense															$ 28,706	$ 14,880	$ 2,538
Deferred Financing Costs															1,031	1,189	647
Other Fees															1,412	1,398	354
Short-term borrowings
Debt Instrument [Line Items]
Interest Expense															1,692	2,191	97
Deferred Financing Costs															0	0	0
Other Fees															$ 0	$ 0	$ 0
SOFR
Debt Instrument [Line Items]
Interest Rate		3.60%
Secured Debt
Debt Instrument [Line Items]
Interest Rate															3.60%
Interest Expense															$ 759
Deferred Financing Costs															41
Other Fees															$ 0
Revolving Credit Facility | MS Credit Facility
Debt Instrument [Line Items]
Interest Rate																	2.25%
Revolving Credit Facility | MS Credit Facility | Line of Credit
Debt Instrument [Line Items]
Non-Usage Rate					0.50%		0.50%								0.50%	0.50%	0.50%
Interest Expense															$ 19,446	$ 10,908	$ 1,787
Deferred Financing Costs															763	894	365
Other Fees															$ 1,082	$ 1,398	$ 340
Revolving Credit Facility | MS Credit Facility | Line of Credit | SOFR
Debt Instrument [Line Items]
Interest Rate			2.25%		2%						2%	2.25%		2.25%
Revolving Credit Facility | MS Credit Facility | Line of Credit | LIBOR
Debt Instrument [Line Items]
Interest Rate							2.25%	2.25%
Revolving Credit Facility | MS Subscription Facility
Debt Instrument [Line Items]
Interest Rate																	2%
Revolving Credit Facility | MS Subscription Facility | Line of Credit
Debt Instrument [Line Items]
Non-Usage Rate	0.75%			0.30%											0.30%	0.30%	0.30%
Interest Expense															$ 404	$ 1,781	$ 654
Deferred Financing Costs															98	295	282
Other Fees															$ 11	$ 0	$ 14
Revolving Credit Facility | MS Subscription Facility | Line of Credit | SOFR
Debt Instrument [Line Items]
Interest Rate	2.75%			2.10%					2.10%				2.10%
Revolving Credit Facility | MS Subscription Facility | Line of Credit | LIBOR
Debt Instrument [Line Items]
Interest Rate						2%				2%
Revolving Credit Facility | JPM Credit Facility | Line of Credit
Debt Instrument [Line Items]
Interest Rate															2.75%
Non-Usage Rate															0.75%
Interest Expense															$ 6,405
Deferred Financing Costs															129
Other Fees															$ 319

Borrowings - Schedule of Carryi

Borrowings - Schedule of Carrying Values and Estimated Fair Values of Debt Instruments (Details) - Level 3 - Line of Credit - Revolving Credit Facility - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Carrying Amount
Debt Instrument [Line Items]
Long-term debt, fair value	$ 322,000	$ 381,900
Fair Value
Debt Instrument [Line Items]
Long-term debt, fair value	322,000	381,900
JPM Credit Facility | Carrying Amount
Debt Instrument [Line Items]
Long-term debt, fair value	322,000
JPM Credit Facility | Fair Value
Debt Instrument [Line Items]
Long-term debt, fair value	$ 322,000
MS Credit Facility | Carrying Amount
Debt Instrument [Line Items]
Long-term debt, fair value		356,500
MS Credit Facility | Fair Value
Debt Instrument [Line Items]
Long-term debt, fair value		356,500
MS Subscription Facility | Carrying Amount
Debt Instrument [Line Items]
Long-term debt, fair value		25,400
MS Subscription Facility | Fair Value
Debt Instrument [Line Items]
Long-term debt, fair value		$ 25,400

Commitment and Contingencies -

Commitment and Contingencies - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	$ 76,471	$ 103,592
Debt Securities, Delayed Draw Term Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	34,300	56,100
Debt Securities, Revolver Term Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Unfunded commitments	$ 42,200	$ 47,500

Commitment and Contingencies _2

Commitment and Contingencies - Schedule of Unfunded Commitments (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	$ 95,511	$ 138,815
Remaining Commitment	76,471	103,592
Investment, Identifier [Axis]: ADCS Clinics Intermediate Holdings, LLC, Senior Secured First Lien Debt, Delayed Draw 1
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment		1,513
Remaining Commitment		333
Investment, Identifier [Axis]: ADCS Clinics Intermediate Holdings, LLC, Senior Secured First Lien Debt, Delayed Draw 2
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment		1,246
Remaining Commitment		1,246
Investment, Identifier [Axis]: ADCS Clinics Intermediate Holdings, LLC, Senior Secured First Lien Debt, Revolver
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	533	533
Remaining Commitment	533	533
Investment, Identifier [Axis]: Alera Group Intermediate Holdings, Inc., Senior Secured First Lien Debt, Delayed Draw
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment		5,793
Remaining Commitment		2,552
Investment, Identifier [Axis]: Alera Group Intermediate Holdings, Inc., Senior Secured First Lien Debt, Delayed Draw 1
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	1,637
Remaining Commitment	1,637
Investment, Identifier [Axis]: Alera Group Intermediate Holdings, Inc., Senior Secured First Lien Debt, Delayed Draw 2
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	5,745
Remaining Commitment	740
Investment, Identifier [Axis]: Armada Parent, Inc., Senior Secured First Lien Debt, Delayed Draw
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	2,024	2,034
Remaining Commitment	1,019	1,019
Investment, Identifier [Axis]: Armada Parent, Inc., Senior Secured First Lien Debt, Revolver
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	2,444	2,444
Remaining Commitment	2,444	2,444
Investment, Identifier [Axis]: Avalara, Inc., Senior Secured First Lien Debt, Revolver
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	1,990	1,990
Remaining Commitment	1,990	1,990
Investment, Identifier [Axis]: Aventine Holdings, LLC, Senior Secured First Lien Debt, Delayed Draw
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment		4,722
Remaining Commitment		366
Investment, Identifier [Axis]: BCPE Oceandrive Buyer, Inc., Senior Secured First Lien Debt, Delayed Draw
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment		5,194
Remaining Commitment		4,408
Investment, Identifier [Axis]: Center Phase Energy, LLC, Senior Secured First Lien Debt, Revolver
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	6,593	6,593
Remaining Commitment	6,593	6,593
Investment, Identifier [Axis]: Communication Technology Intermediate, LLC, Senior Secured First Lien Debt, Revolver
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	998	998
Remaining Commitment	912	912
Investment, Identifier [Axis]: Community Brands ParentCo, LLC, Senior Secured First Lien Debt, Delayed Draw
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	1,085
Remaining Commitment	1,085
Investment, Identifier [Axis]: Community Brands ParentCo, LLC, Senior Secured First Lien Debt, Revolver
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	542
Remaining Commitment	542
Investment, Identifier [Axis]: Community Brands Parentco, LLC, Senior Secured First Lien Debt, Delayed Draw
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment		1,085
Remaining Commitment		1,085
Investment, Identifier [Axis]: Community Brands Parentco, LLC, Senior Secured First Lien Debt, Revolver
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment		542
Remaining Commitment		542
Investment, Identifier [Axis]: Coronis Health, LLC, Senior Secured First Lien Debt, Revolver
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment		1,968
Remaining Commitment		1,968
Investment, Identifier [Axis]: Demakes Borrower, LLC, Senior Secured First Lien Debt, Delayed Draw
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	1,323
Remaining Commitment	1,323
Investment, Identifier [Axis]: Eliassen Group, LLC, Senior Secured First Lien Debt, Delayed Draw
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	1,450	1,452
Remaining Commitment	995	1,235
Investment, Identifier [Axis]: Encina Equipment Finance, LLC, Subordinated Debt, Delayed Draw
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment		11,000
Remaining Commitment		4,086
Investment, Identifier [Axis]: FGT Purchaser, LLC, Senior Secured First Lien Debt, Revolver
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	976	976
Remaining Commitment	634	605
Investment, Identifier [Axis]: Faraday Buyer, LLC, Senior Secured First Lien Debt, Delayed Draw
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	1,851	1,260
Remaining Commitment	1,851	1,260
Investment, Identifier [Axis]: Galway Borrower, LLC, Senior Secured First Lien Debt, Delayed Draw
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment		125
Remaining Commitment		125
Investment, Identifier [Axis]: Galway Borrower, LLC, Senior Secured First Lien Debt, Revolver
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	861	861
Remaining Commitment	861	861
Investment, Identifier [Axis]: Geosyntec Consultants, Inc., Senior Secured First Lien Debt, Delayed Draw
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	5,480	5,503
Remaining Commitment	2,737	5,503
Investment, Identifier [Axis]: Geosyntec Consultants, Inc., Senior Secured First Lien Debt, Revolver
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	2,017	2,017
Remaining Commitment	2,017	2,017
Investment, Identifier [Axis]: Gogo Intermediate Holdings, LLC, Senior Secured First Lien Debt, Revolver
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	452	452
Remaining Commitment	452	452
Investment, Identifier [Axis]: IG Investments Holdings, LLC, Senior Secured First Lien Debt, Revolver
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	632	632
Remaining Commitment	632	379
Investment, Identifier [Axis]: IQN Holding Corp., Senior Secured First Lien Debt, Delayed Draw
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	660	1,258
Remaining Commitment	660	1,163
Investment, Identifier [Axis]: IQN Holding Corp., Senior Secured First Lien Debt, Revolver
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	503	503
Remaining Commitment	503	503
Investment, Identifier [Axis]: Indigo Buyer, Inc., Senior Secured First Lien Debt, Delayed Draw
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment		3,841
Remaining Commitment		3,841
Investment, Identifier [Axis]: Indigo Buyer, Inc., Senior Secured First Lien Debt, Revolver
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	1,536	1,536
Remaining Commitment	922	1,280
Investment, Identifier [Axis]: Knowledge Pro Buyer, Inc., Senior Secured First Lien Debt, Delayed Draw
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	7,323	2,290
Remaining Commitment	6,281	1,238
Investment, Identifier [Axis]: Knowledge Pro Buyer, Inc., Senior Secured First Lien Debt, Revolver
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	1,147	1,147
Remaining Commitment	872	1,147
Investment, Identifier [Axis]: Medical Management Resource Group, LLC, Senior Secured First Lien Debt, Revolver
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	603	603
Remaining Commitment	265	603
Investment, Identifier [Axis]: Mirra-Primeaccess Holdings, LLC, Senior Secured First Lien Debt, Revolver
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	3,429	3,429
Remaining Commitment	2,572	2,143
Investment, Identifier [Axis]: Monumental RSN, LLC, Senior Secured First Lien Debt, Revolver
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment		1,590
Remaining Commitment		1,590
Investment, Identifier [Axis]: Odessa Technologies, Inc., Senior Secured First Lien Debt, Delayed Draw
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment		1,217
Remaining Commitment		1,217
Investment, Identifier [Axis]: Odessa Technologies, Inc., Senior Secured First Lien Debt, Revolver
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	1,704	1,704
Remaining Commitment	1,704	1,704
Investment, Identifier [Axis]: PetVet Care Centers, LLC, Senior Secured First Lien Debt, Delayed Draw
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	1,057
Remaining Commitment	1,057
Investment, Identifier [Axis]: PetVet Care Centers, LLC, Senior Secured First Lien Debt, Revolver
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	1,057
Remaining Commitment	1,057
Investment, Identifier [Axis]: Pie Buyer, Inc., Senior Secured First Lien Debt, Delayed Draw
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	2,902	2,905
Remaining Commitment	2,267	2,905
Investment, Identifier [Axis]: Pie Buyer, Inc., Senior Secured First Lien Debt, Revolver
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	741	741
Remaining Commitment	395	556
Investment, Identifier [Axis]: Pluralsight, LLC, Senior Secured First Lien Debt, Revolver
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	638	638
Remaining Commitment	142	319
Investment, Identifier [Axis]: Point Broadband Acquisition, LLC, Senior Secured First Lien Debt, Delayed Draw
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment		3,663
Remaining Commitment		1,930
Investment, Identifier [Axis]: RSC Acquisition, Inc., Senior Secured First Lien Debt, Delayed Draw
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment		2,179
Remaining Commitment		1,541
Investment, Identifier [Axis]: Relativity Oda, LLC, Senior Secured First Lien Debt, Revolver
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	196	196
Remaining Commitment	196	196
Investment, Identifier [Axis]: Roadsafe Holdings, Inc., Senior Secured First Lien Debt, Delayed Draw
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment		4,357
Remaining Commitment		1,437
Investment, Identifier [Axis]: Saturn SHC Buyer Holdings, Inc., Senior Secured First Lien Debt, Revolver
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	4,012	4,012
Remaining Commitment	4,012	4,012
Investment, Identifier [Axis]: Sherlock Buyer Corp., Senior Secured First Lien Debt, Delayed Draw
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	1,454	1,454
Remaining Commitment	1,454	1,454
Investment, Identifier [Axis]: Sherlock Buyer Corp., Senior Secured First Lien Debt, Revolver
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	581	581
Remaining Commitment	581	581
Investment, Identifier [Axis]: Simplifi Holdings, Inc., Senior Secured First Lien Debt, Revolver
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	1,720	1,720
Remaining Commitment	1,398	1,720
Investment, Identifier [Axis]: SunMed Group Holdings, LLC, Senior Secured First Lien Debt, Revolver
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	259	259
Remaining Commitment	259	135
Investment, Identifier [Axis]: The NPD Group, LP, Senior Secured First Lien Debt, Revolver
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	943	943
Remaining Commitment	773	830
Investment, Identifier [Axis]: Trinity Air Consultants Holdings Corp., Senior Secured First Lien Debt, Delayed Draw
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	1,232	3,001
Remaining Commitment	675	1,350
Investment, Identifier [Axis]: Trinity Air Consultants Holdings Corp., Senior Secured First Lien Debt, Revolver
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	857	857
Remaining Commitment	857	857
Investment, Identifier [Axis]: Triple Lift, Inc., Senior Secured First Lien Debt, Revolver
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	1,393	1,393
Remaining Commitment	859	859
Investment, Identifier [Axis]: US Oral Surgery Management Holdco, LLC, Senior Secured First Lien Debt, Delayed Draw 1
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment		2,176
Remaining Commitment		585
Investment, Identifier [Axis]: US Oral Surgery Management Holdco, LLC, Senior Secured First Lien Debt, Delayed Draw 2
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment		1,896
Remaining Commitment		1,896
Investment, Identifier [Axis]: US Oral Surgery Management Holdco, LLC, Senior Secured First Lien Debt, Revolver
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	527	527
Remaining Commitment	527	527
Investment, Identifier [Axis]: US Salt Investors, LLC, Senior Secured First Lien Debt, Revolver
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	934	934
Remaining Commitment	934	934
Investment, Identifier [Axis]: Vensure Employer Services, Inc., Senior Secured First Lien Debt, Delayed Draw
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	3,771
Remaining Commitment	3,311
Investment, Identifier [Axis]: Victors CCC Buyer, LLC, Senior Secured First Lien Debt, Delayed Draw
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	1,875	1,875
Remaining Commitment	1,875	1,875
Investment, Identifier [Axis]: Victors CCC Buyer, LLC, Senior Secured First Lien Debt, Revolver
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	1,358	1,358
Remaining Commitment	1,358	1,358
Investment, Identifier [Axis]: WHCG Purchaser III, Inc., Senior Secured First Lien Debt, Delayed Draw
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment		5,886
Remaining Commitment		2,836
Investment, Identifier [Axis]: WHCG Purchaser III, Inc., Senior Secured First Lien Debt, Revolver
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	1,821	1,821
Remaining Commitment	5	1,106
Investment, Identifier [Axis]: WIN Holdings III Corp., Senior Secured First Lien Debt, Revolver
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	1,908	1,908
Remaining Commitment	1,908	1,908
Investment, Identifier [Axis]: West Coast Dental Services, Inc., Senior Secured First Lien Debt, Delayed Draw
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment		1,448
Remaining Commitment		1,448
Investment, Identifier [Axis]: West Coast Dental Services, Inc., Senior Secured First Lien Debt, Revolver
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	1,087	1,087
Remaining Commitment	145	978
Investment, Identifier [Axis]: Westwood Professional Services, Inc., Senior Secured First Lien Debt, Delayed Draw
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment		1,299
Remaining Commitment		866
Investment, Identifier [Axis]: Westwood Professional Services, Inc., Senior Secured First Lien Debt, Revolver
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	162	162
Remaining Commitment	162	162
Investment, Identifier [Axis]: Zendesk, Inc., Senior Secured First Lien Debt, Delayed Draw
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	5,304	5,304
Remaining Commitment	5,304	5,304
Investment, Identifier [Axis]: Zendesk, Inc., Senior Secured First Lien Debt, Revolver
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total Commitment	2,184	2,184
Remaining Commitment	$ 2,184	$ 2,184

Capital - Schedule of Investor

Capital - Schedule of Investor Commitments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Investment Company, Changes in Net Assets [Line Items]
Capital Commitments	$ 452,961	$ 663,656
Unfunded Capital Commitments	900	262,635
Common Stock
Investment Company, Changes in Net Assets [Line Items]
Capital Commitments	375,461	586,156
Unfunded Capital Commitments	900	221,281
Series A Preferred Stock
Investment Company, Changes in Net Assets [Line Items]
Capital Commitments	77,500	77,500
Unfunded Capital Commitments	$ 0	$ 41,354

Capital - Schedule of Capital D

Capital - Schedule of Capital Drawdowns (Details) - USD ($) $ in Thousands								12 Months Ended
	Jul. 31, 2023	Mar. 27, 2023	Nov. 23, 2022	Sep. 28, 2022	Jul. 15, 2022	May 27, 2022	Apr. 07, 2022	Dec. 31, 2023	Dec. 31, 2022
Common Stock
Investment Company, Changes in Net Assets [Line Items]
Shares Issued (in shares)	111,905	532,871	1,256,895	3,289,476	2,621,233	1,653,439		644,776	8,821,043
Net Proceeds Received	$ 1,645	$ 8,073	$ 18,854	$ 50,000	$ 40,000	$ 25,000		$ 9,718	$ 133,854
Series A Preferred Stock
Investment Company, Changes in Net Assets [Line Items]
Shares Issued (in shares)		41,353	16,147		10,000		5,000	41,353	31,147
Net Proceeds Received		$ 41,291	$ 16,123		$ 9,985		$ 4,993	$ 41,291	$ 31,101

Common Stock - Schedule of Stoc

Common Stock - Schedule of Stockholders Equity Activity (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)	24,609,132	15,260,764
Balance at the beginning	$ 372,421	$ 235,973	$ (412)
Net investment income (loss)	53,575	31,470	4,143
Net realized gain (loss) from investment transactions	(987)	467	618
Net change in unrealized appreciation (depreciation) on investments	(7,809)	(8,737)	2,108
Accretion to redemption value of Series A redeemable convertible preferred stock	(17)	(3)	0
Accrual of Series A redeemable convertible preferred stock distributions	(7,615)	(1,367)	0
Distributions to stockholders	$ (43,574)	$ (27,309)	(2,293)
Issuance of common stock, net of issuance costs (in shares)	642,732	8,821,043
Issuance of common stock, net of issuance costs	$ 9,686	$ 133,854	231,019
Reinvested dividends (in shares)	828,525	527,325
Reinvested dividends	$ 12,439	$ 8,073	790
Tax adjustment	$ 0	$ 0	$ 0
Ending balance (in shares)	26,080,389	24,609,132	15,260,764
Balance at the end	$ 388,119	$ 372,421	$ 235,973
Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)	24,609,132	15,260,764	100
Balance at the beginning	$ 25	$ 15	$ 1
Issuance of common stock, net of issuance costs (in shares)	642,732	8,821,043	15,208,778
Issuance of common stock, net of issuance costs	$ 1	$ 10	$ 15
Reinvested dividends (in shares)	828,525	527,325	51,886
Reinvested dividends	$ 1
Ending balance (in shares)	26,080,389	24,609,132	15,260,764
Balance at the end	$ 26	$ 25	$ 15
Additional paid in capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance at the beginning	375,557	231,200	2
Issuance of common stock, net of issuance costs	9,685	133,844	231,004
Reinvested dividends	12,439	8,073	790
Tax adjustment	2,651	2,440	(596)
Balance at the end	400,332	375,557	231,200
Total distributable earnings (loss)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance at the beginning	(3,161)	4,758	(414)
Net investment income (loss)	53,575	31,470	4,143
Net realized gain (loss) from investment transactions	(987)	467	618
Net change in unrealized appreciation (depreciation) on investments	(7,809)	(8,737)	2,108
Accretion to redemption value of Series A redeemable convertible preferred stock	(17)	(3)
Accrual of Series A redeemable convertible preferred stock distributions	(7,615)	(1,367)
Distributions to stockholders	(43,574)	(27,309)	(2,293)
Tax adjustment	(2,651)	(2,440)	596
Balance at the end	$ (12,239)	$ (3,161)	$ 4,758

Common Stock - Schedule of Comm

Common Stock - Schedule of Common Stock (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Equity [Abstract]
Shares Sold (in shares)	642,732	8,821,043
Shares Sold	$ 9,686	$ 133,854	$ 231,019
Shares Issued through DRIP (in shares)	828,525	527,325
Reinvestment of common stockholder distributions	$ 12,439	$ 8,073	$ 790
Common stock activity (in shares)	1,471,257	9,348,368
Common stock activity, value	$ 22,125	$ 141,927

Preferred Stock - Narrative (De

Preferred Stock - Narrative (Details)	Aug. 25, 2021 USD ($) business_day $ / shares shares	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 $ / shares shares	Dec. 31, 2021 shares
Redeemable Noncontrolling Interest [Line Items]
Redeemable convertible preferred stock, authorized (in shares)	50,000,000	50,000,000	50,000,000
Redeemable convertible preferred stock, par value (in dollars per share) | $ / shares	$ 0.001	$ 0.001	$ 0.001
Committed capital received | $		$ 77,500,000
Minimum number of business days with prior notice | business_day	10
Redeemable convertible preferred stock, outstanding (in shares)		77,500	36,147	5,000
Liquidation preference | $	$ 1,000
Dividends payable in arrears, per share threshold (in dollars per share) | $ / shares	$ 10
Period of prior notice for company redemption	90 days
Series A Preferred Stock
Redeemable Noncontrolling Interest [Line Items]
Redeemable convertible preferred stock, authorized (in shares)		50,000,000	50,000,000
Redeemable convertible preferred stock, par value (in dollars per share) | $ / shares		$ 0.001	$ 0.001
Redeemable convertible preferred stock, issued (in shares)		77,500	36,147
Redeemable convertible preferred stock, outstanding (in shares)		77,500	36,147

Preferred Stock - Schedule of C

Preferred Stock - Schedule of Conversions of Stock (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Shares
Beginning balance (in shares)	36,147	5,000
Issuance of Preferred Stock (in shares)	41,353	31,147
Ending balance (in shares)	77,500	36,147
Amount
Beginning balance	$ 36,093	$ 4,992
Issuance of Preferred Stock	41,353	31,147
Offering costs	(65)	(49)
Amortization of offering costs	17	3
Ending balance	$ 77,398	$ 36,093

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Numerator
Net increase (decrease) in net assets resulting from operations	$ 44,779	$ 23,200	$ 6,869
Less: cumulative preferred stock dividends	(8,789)	(2,297)	0
Less: changes in carrying value of redeemable securities	(17)	(3)	0
Numerator for EPS - income available to common stockholders, basic	35,973	20,900	6,869
Numerator for EPS - income available to common stockholders, diluted	$ 35,973	$ 20,900	$ 6,869
Denominator
Weighted average common shares outstanding, Basic (in shares)	25,464,652	18,679,387	5,301,096
Weighted average common shares outstanding, Diluted (in shares)	25,464,652	18,679,387	5,301,096
Basic earnings per share (in dollar per share)	$ 1.41	$ 1.12	$ 1.30
Diluted earnings per share (in dollar per share)	$ 1.41	$ 1.12	$ 1.30

Distributions (Details)

Distributions (Details) - $ / shares	Nov. 16, 2023	Nov. 08, 2023	Aug. 07, 2023	Jul. 28, 2023	May 05, 2023	Apr. 27, 2023	Mar. 24, 2023	Feb. 24, 2023	Nov. 07, 2022	Oct. 26, 2022	Aug. 05, 2022	Jul. 28, 2022	May 24, 2022	May 11, 2022	Feb. 22, 2022	Feb. 04, 2022
Distributed Earnings [Abstract]
Common stock, dividends declared per share (in dollars per share)		$ 0.43		$ 0.43		$ 0.43		$ 0.43		$ 0.39		$ 0.39		$ 0.39		$ 0.30
Common stock, dividends paid per share (in dollars per share)	$ 0.43		$ 0.43		$ 0.43		$ 0.43		$ 0.39		$ 0.39		$ 0.39		$ 0.30
Preferred stock, dividends declared per share (in dollars per share)		$ 28.35		$ 28.35		$ 28.35		$ 28.31		$ 25.42		$ 25.42		$ 25.28		$ 19.49
Preferred stock, dividends paid per share (in dollars per share)	$ 28.35		$ 28.35		$ 28.35		$ 28.31		$ 25.42		$ 25.42		$ 25.28		$ 19.49

Income Tax Information and Di_3

Income Tax Information and Distributions to Stockholders - Schedule of Distributions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Ordinary income distributions	$ 50,918	$ 28,676	$ 2,293
Capital gains distributions	271	0	0
Return of capital	0	0	0
Total distributions	$ 51,189	$ 28,676	$ 2,293
Ordinary income distributions, percentage	99.50%	100%	100%
Capital gains distributions, percentage	0.50%	0%	0%
Return of capital, percentage	0%	0%	0%
Total distributions, percentage	100%	100%	100%
Interest-related dividend	94.47%

Income Tax Information and Di_4

Income Tax Information and Distributions to Stockholders - Schedule of Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Book income (loss) from operating activities	$ 37,147	$ 21,830	$ 6,869
Net unrealized (gain)/loss on investments	7,041	7,957	(2,108)
Nondeductible expenses	131	313	0
Temporary differences	5,077	(1,101)	(50)
Taxable income before deductions for distributions paid	$ 49,396	$ 28,999	$ 4,711

Income Tax Information and Di_5

Income Tax Information and Distributions to Stockholders - Schedule of Undistributed Taxable Income (Loss) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Undistributed ordinary income	$ 2,174	$ 3,586	$ 3,036
Undistributed long term gain (loss)	369	271	0
Undistributed capital loss carryforward	0	0	0
Total undistributed net earnings (loss)	2,543	3,856	3,036
Net unrealized gain (loss) on investments	(12,414)	(4,604)	2,108
Other accumulated gain (loss) on investments	(2,368)	(388)	(386)
Total undistributed taxable income (loss)	$ (12,239)	$ (1,136)	$ 4,758

Income Tax Information and Di_6

Income Tax Information and Distributions to Stockholders - Unrealized Gross Appreciation/Depreciation (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Tax cost	$ 767,011	$ 786,984
Gross unrealized appreciation	6,733	5,071
Gross unrealized depreciation	$ (19,147)	$ (9,675)

Income Tax Information and Di_7

Income Tax Information and Distributions to Stockholders - Reclassifications (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Total distributable earnings (loss)
Increase (decrease) due to reclassifications of permanent differences	$ (2,651)	$ (2,440)
Additional paid in capital
Increase (decrease) due to reclassifications of permanent differences	$ 2,651	$ 2,440

Income Tax Information and Di_8

Income Tax Information and Distributions to Stockholders - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Deferred tax assets	$ 6	$ 2.9
Deferred tax liability	(7.6)	(3.7)
Deferred tax assets, valuation allowance	0	0
Decrease (increase) from differences between book basis and tax basis	$ (2)	$ (2)

Financial Highlights (Details)

Financial Highlights (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2021
Per share data:
Net asset value attributable to common stock, beginning of period (in dollars per share)	$ 15.13	$ 15.46		$ 15
Results of operations
Net investment income (loss) (in dollars per share)	2.11	1.68	$ 0.78	0.78
Net realized and unrealized gain (loss) on investments, net of change in deferred taxes (in dollars per share)	(0.28)	(0.44)		0.52
Net realized loss on extinguishment of debt (in dollars per share)	(0.06)	0		0
Net increase (decrease) in net assets resulting from operations attributable to common stockholders and participating securities (in dollars per share)	1.77	1.24	1.30	1.30
Accretion to redemption value of Series A redeemable convertible preferred stock (in dollars per share)	0.01	0.01		0.01
Accrual of Series A redeemable convertible preferred stock distributions (in dollars per share)	(0.30)	(0.07)		0
Net increase (decrease) in net assets resulting from operations attributable to common stockholders (in dollars per share)	1.47	1.17		1.30
Stockholder distributions
Common stockholder distributions from net investment income (in dollars per share)	(1.71)	(1.47)		(0.30)
Common stockholder distributions from capital gains (in dollars per share)	(0.01)	0	0
Net decrease in net assets resulting from stockholder distributions (in dollars per share)	(1.72)	(1.47)		(0.30)
Other (in dollars per share)	0	(0.03)		(0.54)
Net asset value attributable to common stock, end of period (in dollars per share)	$ 14.88	$ 15.13	$ 15.46	$ 15.46
Common shares outstanding at end of year (in shares)	26,080,389	24,609,132	15,260,764	15,260,764
Total return	10.12%	7.62%		3.08%
Ratio/Supplemental data attributable to common stock:
Total net assets attributable to common stock, end of period	$ 388,119	$ 372,421	$ 235,973	$ 235,973
Ratio of net investment income to average net assets attributable to common stock	13.97%	10.80%		3.49%
Ratio of total expenses to average net assets attributable to common stock	12.73%	10.15%		7.76%
Ratio of incentive fees to average net assets attributable to common stock	2.01%	1.48%		0.93%
Ratio of net expenses to average net assets attributable to common stock	10.72%	8.67%		6.83%
Ratio of debt related expenses to average net assets attributable to common stock	8.12%	5.99%	2.98%	2.98%
Portfolio turnover rate	9.93%	9.03%		3.46%

Schedules of Investments and _3

Schedules of Investments and Advances to Affiliates (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023		Dec. 31, 2022
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[1]	$ 782,380
Fair value, ending balance		756,145	[2]	$ 782,380	[1]
Interest income		4
Control Investments
Investments in and Advances to Affiliates [Line Items]
Amount of dividends and interest included in income		7,142		5,600
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance		62,156		55,154
Gross additions		6,923		6,924
Gross reductions		(987)		35
Realized Gain/(Loss)		0		0
Change in Unrealized Gain (Loss)		8		43
Fair value, ending balance		68,100		62,156
Total Affiliate Investments
Investments in and Advances to Affiliates [Line Items]
Amount of dividends and interest included in income				4
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance		0		116
Gross additions				5
Gross reductions				(121)
Realized Gain/(Loss)				0
Change in Unrealized Gain (Loss)				0
Fair value, ending balance				0
Investment, Identifier [Axis]: 1236904 BC, Ltd., Software/Services
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	4,247
Fair value, ending balance		4,247	[5],[6]	4,247	[3],[4]
Investment, Identifier [Axis]: ADCS Clinics Intermediate Holdings, LLC, Healthcare 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	5,649
Fair value, ending balance		37	[6]	5,649	[3],[4]
Investment, Identifier [Axis]: ADCS Clinics Intermediate Holdings, LLC, Healthcare 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	1,158
Fair value, ending balance		5,620	[5],[6]	1,158	[3],[4]
Investment, Identifier [Axis]: ADCS Clinics Intermediate Holdings, LLC, Healthcare 3
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[5],[6]	1,152
Investment, Identifier [Axis]: ADCS Clinics Intermediate Holdings, LLC, Healthcare 4
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[6],[7]	(7)
Investment, Identifier [Axis]: ASP LS Acquisition Corp., Transportation
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[5],[6]	3,533
Investment, Identifier [Axis]: Absolute Software Corp., Software/Services
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4],[8]	19,209
Fair value, ending balance	[3],[4],[8]			19,209
Investment, Identifier [Axis]: Acrisure, LLC, Financials
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3]	4,425
Fair value, ending balance	[3]			4,425
Investment, Identifier [Axis]: Alera Group Intermediate Holdings, Inc., Financials 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[4]	3,179
Fair value, ending balance		2,866	[5],[6]	3,179	[4]
Investment, Identifier [Axis]: Alera Group Intermediate Holdings, Inc., Financials 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	2,840
Fair value, ending balance		5,006	[5],[6],[7]	2,840	[3],[4]
Investment, Identifier [Axis]: Alera Group Intermediate Holdings, Inc., Financials 3
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[6],[7]	0
Investment, Identifier [Axis]: American Rock Salt Company, LLC , Chemicals
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3]	1,912
Fair value, ending balance		1,900	[5]	1,912	[3]
Investment, Identifier [Axis]: American Rock Salt Company, LLC, Chemicals
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	5,746
Fair value, ending balance		5,411	[5],[6]	5,746	[3],[4]
Investment, Identifier [Axis]: Armada Parent, Inc, Industrials 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[5],[6]	19,637
Investment, Identifier [Axis]: Armada Parent, Inc., Industrials 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	1,000
Fair value, ending balance	[3],[4]			1,000
Investment, Identifier [Axis]: Armada Parent, Inc., Industrials 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	19,838
Fair value, ending balance		973	[5],[6],[7]	19,838	[3],[4]
Investment, Identifier [Axis]: Armada Parent, Inc., Industrials 3
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[6],[7]	(39)
Investment, Identifier [Axis]: Asp Ls Acquisition Corp., Transportation
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	3,533
Fair value, ending balance	[3],[4]			3,533
Investment, Identifier [Axis]: Avalara, Inc., Software/Services
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	19,415
Fair value, ending balance	[3],[4]			19,415
Investment, Identifier [Axis]: Avalara, Inc., Software/Services 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[5],[6]	19,526
Investment, Identifier [Axis]: Avalara, Inc., Software/Services 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[6],[7]	(37)
Investment, Identifier [Axis]: Aveanna Healthcare, LLC, Healthcare
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3]	4,560
Fair value, ending balance	[3]			4,560
Investment, Identifier [Axis]: Aventine Holdings, LLC, Media/Entertainment 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	4,299
Fair value, ending balance		4,844	[5],[6]	4,299	[3],[4]
Investment, Identifier [Axis]: Aventine Holdings, LLC, Media/Entertainment 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	11,028
Fair value, ending balance		12,263	[5],[6]	11,028	[3],[4]
Investment, Identifier [Axis]: Aventine Holdings, LLC, Media/Entertainment 3
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	11,760
Fair value, ending balance		12,234	[5],[6]	11,760	[3],[4]
Investment, Identifier [Axis]: BCPE Oceandrive Buyer, Inc., Healthcare 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[4]	759
Fair value, ending balance		1,486	[6]	759	[4]
Investment, Identifier [Axis]: BCPE Oceandrive Buyer, Inc., Healthcare 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[4]	1,495
Fair value, ending balance		765	[5],[6]	1,495	[4]
Investment, Identifier [Axis]: BCPE Oceandrive Buyer, Inc., Healthcare 3
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[4]	8,969
Fair value, ending balance		1,505	[5],[6]	8,969	[4]
Investment, Identifier [Axis]: BCPE Oceandrive Buyer, Inc., Healthcare 4
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[4]	1,506
Fair value, ending balance	[4]			1,506
Investment, Identifier [Axis]: BCPE Oceandrive Buyer, Inc.,Healthcare 4
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[5],[6]	9,033
Investment, Identifier [Axis]: Center Phase Energy, LLC, Utilities
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[6],[9],[10]	1,742
Investment, Identifier [Axis]: Center Phase Energy, LLC, Utilities 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	11,597
Fair value, ending balance		10,131	[5],[6]	11,597	[3],[4]
Investment, Identifier [Axis]: Center Phase Energy, LLC, Utilities 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[4],[11]	1,742
Fair value, ending balance		(111)	[6],[7]	1,742	[4],[11]
Investment, Identifier [Axis]: Communication Technology Intermediate, Business Services 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[5],[6]	7,478
Investment, Identifier [Axis]: Communication Technology Intermediate, Business Services 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[5],[6]	2,601
Investment, Identifier [Axis]: Communication Technology Intermediate, LLC, Business Services 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	7,554
Fair value, ending balance	[3],[4]			7,554
Investment, Identifier [Axis]: Communication Technology Intermediate, LLC, Business Services 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	2,628
Fair value, ending balance	[3],[4]			2,628
Investment, Identifier [Axis]: Communication Technology Intermediate, LLC, Business Services 3
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[4]	86
Fair value, ending balance		86	[6],[7]	86	[4]
Investment, Identifier [Axis]: Community Brands ParentCo, LLC, Software/Services
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	8,987
Fair value, ending balance	[3],[4]			8,987
Investment, Identifier [Axis]: Community Brands ParentCo, LLC, Software/Services 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[5],[6]	8,897
Investment, Identifier [Axis]: Community Brands ParentCo, LLC, Software/Services 3
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[6],[7]	(10)
Investment, Identifier [Axis]: Community Brands ParentCo, LLC,Software/Services 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[6],[7]	(20)
Investment, Identifier [Axis]: Corelogic, Inc., Business Services
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	3,976
Fair value, ending balance	[3],[4]			3,976
Investment, Identifier [Axis]: Corelogic, Inc.,, Business Services
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[5]	4,137
Investment, Identifier [Axis]: Coronis Health, LLC, Healthcare
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	23,833
Fair value, ending balance	[3],[4]			23,833
Investment, Identifier [Axis]: Coronis Health, LLC, Healthcare 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[6]	1,614
Investment, Identifier [Axis]: Coronis Health, LLC, Healthcare 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[5],[6]	19,701
Investment, Identifier [Axis]: Demakes Borrower, LLC, Food & Beverage 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[5],[6]	4,586
Investment, Identifier [Axis]: Demakes Borrower, LLC, Food & Beverage 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[6],[7]	(33)
Investment, Identifier [Axis]: Division Holding Corp., Business Services
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3]	3,643
Fair value, ending balance		3,667	[5]	3,643	[3]
Investment, Identifier [Axis]: Eliassen Group, LLC, Business Services 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[4]	215
Fair value, ending balance		5,630	[5],[6]	215	[4]
Investment, Identifier [Axis]: Eliassen Group, LLC, Business Services 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	5,687
Fair value, ending balance		442	[5],[6],[7]	5,687	[3],[4]
Investment, Identifier [Axis]: Encina Equipment Finance, LLC, Equity/Other
Investments in and Advances to Affiliates [Line Items]
Amount of dividends and interest included in income				2,698
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance		30,742		30,742
Gross additions				0
Gross reductions				35
Realized Gain/(Loss)				0
Change in Unrealized Gain (Loss)				(35)
Fair value, ending balance				30,742
Investment, Identifier [Axis]: Encina Equipment Finance, LLC, Subordinated Debt 1
Investments in and Advances to Affiliates [Line Items]
Amount of dividends and interest included in income				409
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance		6,914		0
Gross additions				6,914
Gross reductions				0
Realized Gain/(Loss)				0
Change in Unrealized Gain (Loss)				0
Fair value, ending balance				6,914
Investment, Identifier [Axis]: Encina Equipment Finance, LLC, Subordinated Debt 2
Investments in and Advances to Affiliates [Line Items]
Amount of dividends and interest included in income				2,493
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance		24,500		24,412
Gross additions				10
Gross reductions				0
Realized Gain/(Loss)				0
Change in Unrealized Gain (Loss)				78
Fair value, ending balance				24,500
Investment, Identifier [Axis]: FGT Purchaser, LLC Consumer 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[6],[7]	342
Investment, Identifier [Axis]: FGT Purchaser, LLC, Consumer 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	9,658
Fair value, ending balance		9,561	[5],[6]	9,658	[3],[4]
Investment, Identifier [Axis]: FGT Purchaser, LLC, Consumer 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[4]	371
Fair value, ending balance	[4]			371
Investment, Identifier [Axis]: FR Flow Control Luxco 1 SARL, Industrials
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[5],[6]	4,417
Investment, Identifier [Axis]: FR Flow Control Luxco 1 Sarl, Industrials
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	4,462
Fair value, ending balance	[3],[4]			4,462
Investment, Identifier [Axis]: Faraday Buyer, LLC, Utilities
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	12,529
Fair value, ending balance	[3],[4]			12,529
Investment, Identifier [Axis]: Faraday Buyer, LLC, Utilities 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[5],[6]	16,379
Investment, Identifier [Axis]: Faraday Buyer, LLC, Utilities 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[6],[7]	(37)
Investment, Identifier [Axis]: First Eagle Holdings, Inc.,Financials
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	13,483
Fair value, ending balance	[3],[4]			13,483
Investment, Identifier [Axis]: Florida Food Products, LLC, Food & Beverage
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	11,938
Fair value, ending balance		11,630	[5],[6]	11,938	[3],[4]
Investment, Identifier [Axis]: Galway Borrower, LLC, Financials
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	13,304
Fair value, ending balance	[3],[4]			13,304
Investment, Identifier [Axis]: Galway Borrower, LLC, Financials 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[5],[6]	13,529
Investment, Identifier [Axis]: Galway Borrower, LLC, Financials 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[6],[7]	0
Investment, Identifier [Axis]: Geosyntec Consultants, Inc, Business Services 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[5],[6]	11,240
Investment, Identifier [Axis]: Geosyntec Consultants, Inc., Business Services
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	11,340
Fair value, ending balance	[3],[4]			11,340
Investment, Identifier [Axis]: Geosyntec Consultants, Inc., Business Services 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[5],[6],[7]	2,663
Investment, Identifier [Axis]: Geosyntec Consultants, Inc., Business Services 3
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[6],[7]	(30)
Investment, Identifier [Axis]: Gogo Intermediate Holdings, LLC, Telecom
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[7],[12]	(3)
Investment, Identifier [Axis]: Gordian Medical, Inc., Healthcare
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	4,057
Fair value, ending balance		2,769	[5],[6]	4,057	[3],[4]
Investment, Identifier [Axis]: Green Energy Partners/Stonewall, LLC, Utilities
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	4,618
Fair value, ending balance		4,572	[5],[6]	4,618	[3],[4]
Investment, Identifier [Axis]: IG Investments Holdings, LLC, Business Services 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	7,945
Fair value, ending balance		7,864	[5],[6]	7,945	[3],[4]
Investment, Identifier [Axis]: IG Investments Holdings, LLC, Business Services 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	143
Fair value, ending balance		142	[5],[6]	143	[3],[4]
Investment, Identifier [Axis]: IG Investments Holdings, LLC, Business Services 3
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[4]	250
Fair value, ending balance	[4]			250
Investment, Identifier [Axis]: IG Investments Holdings, LLC,Business Services 3
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[6],[7]	(6)
Investment, Identifier [Axis]: IQN Holding Corp., Software/Services 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[4]	94
Fair value, ending balance		5,703	[5],[6]	94	[4]
Investment, Identifier [Axis]: IQN Holding Corp., Software/Services 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	5,412
Fair value, ending balance		(5)	[6],[7]	5,412	[3],[4]
Investment, Identifier [Axis]: IQN Holding Corp., Software/Services 3
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[6],[7]	(4)
Investment, Identifier [Axis]: Indigo Buyer, Inc, Paper & Packaging 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[4]	251
Fair value, ending balance	[4]			251
Investment, Identifier [Axis]: Indigo Buyer, Inc., Paper & Packaging 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	8,819
Fair value, ending balance		8,738	[5],[6]	8,819	[3],[4]
Investment, Identifier [Axis]: Indigo Buyer, Inc., Paper & Packaging 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[5],[6]	3,737
Investment, Identifier [Axis]: Indigo Buyer, Inc., Paper & Packaging 3
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[6],[7]	588
Investment, Identifier [Axis]: J&K Ingredients, LLC, Food & Beverage
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[5],[6]	3,189
Investment, Identifier [Axis]: Jakks Pacific, Inc., Consumer
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[4]	116
Fair value, ending balance		117	[6],[10],[12]	116	[4]
Investment, Identifier [Axis]: Jakks Pacific, Inc., Equity/Other
Investments in and Advances to Affiliates [Line Items]
Amount of dividends and interest included in income				4
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance		0		116
Gross additions				5
Gross reductions				(121)
Realized Gain/(Loss)				0
Change in Unrealized Gain (Loss)				0
Fair value, ending balance				0
Investment, Identifier [Axis]: Kissner Milling Co., Ltd., Industrials
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance		1,955
Fair value, ending balance		2,142	[5],[10]	1,955
Investment, Identifier [Axis]: Knowledge Pro Buyer, Inc., Business Services 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[4]	1,034
Fair value, ending balance		11,008	[5],[6]	1,034	[4]
Investment, Identifier [Axis]: Knowledge Pro Buyer, Inc., Business Services 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	10,926
Fair value, ending balance		1,042	[6],[7]	10,926	[3],[4]
Investment, Identifier [Axis]: Knowledge Pro Buyer, Inc., Business Services 3
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[6],[7]	275
Investment, Identifier [Axis]: LSF12 Donnelly Bidco, LLC, Industrials
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[5],[6]	4,864
Investment, Identifier [Axis]: Liquid Tech Solutions Holdings, LLC, Industrials
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3]	5,153
Fair value, ending balance		5,397	[5],[6]	5,153	[3]
Investment, Identifier [Axis]: Mckissock Investment Holdings, LLC, Education
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[5]	1,302
Investment, Identifier [Axis]: Medical Management Resource Group, LLC, Healthcare 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	2,960
Fair value, ending balance		2,931	[5],[6]	2,960	[3],[4]
Investment, Identifier [Axis]: Medical Management Resource Group, LLC, Healthcare 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	7,169
Fair value, ending balance		7,096	[5],[6]	7,169	[3],[4]
Investment, Identifier [Axis]: Medical Management Resource Group, LLC, Healthcare 3
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[6],[7]	329
Investment, Identifier [Axis]: Mercury Merger Sub, Inc, Business Services
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[5],[6]	5,885
Investment, Identifier [Axis]: Mercury Merger Sub, Inc., Business Services
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	5,885
Fair value, ending balance	[3],[4]			5,885
Investment, Identifier [Axis]: Mirra-Primeaccess Holdings, LLC, Healthcare 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	21,394
Fair value, ending balance		21,178	[5],[6]	21,394	[3],[4]
Investment, Identifier [Axis]: Mirra-Primeaccess Holdings, LLC, Healthcare 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[4]	1,286
Fair value, ending balance		857	[6],[7]	1,286	[4]
Investment, Identifier [Axis]: Monumental RSN, LLC, Media/Entertainment
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	13,781
Fair value, ending balance	[3],[4]			13,781
Investment, Identifier [Axis]: Odessa Technologies, Inc., Software/Services
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	6,408
Fair value, ending balance	[3],[4]			6,408
Investment, Identifier [Axis]: Odessa Technologies, Inc., Software/Services 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[5],[6]	6,458
Investment, Identifier [Axis]: Odessa Technologies, Inc., Software/Services 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[6],[7]	0
Investment, Identifier [Axis]: PetVet Care Centers, LLC, Healthcare 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[5],[6]	7,948
Investment, Identifier [Axis]: PetVet Care Centers, LLC, Healthcare 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[6],[7]	(21)
Investment, Identifier [Axis]: PetVet Care Centers, LLC, Healthcare 3
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[6],[7]	(21)
Investment, Identifier [Axis]: Pie Buyer, Inc., Food & Beverage 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	11,293
Fair value, ending balance		11,178	[5],[6]	11,293	[3],[4]
Investment, Identifier [Axis]: Pie Buyer, Inc., Food & Beverage 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	2,443
Fair value, ending balance		2,419	[5],[6]	2,443	[3],[4]
Investment, Identifier [Axis]: Pie Buyer, Inc., Food & Beverage 3
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[4]	185
Fair value, ending balance		828	[5],[6]	185	[4]
Investment, Identifier [Axis]: Pie Buyer, Inc., Food & Beverage 4
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	837
Fair value, ending balance		634	[5],[6],[7]	837	[3],[4]
Investment, Identifier [Axis]: Pie Buyer, Inc., Food & Beverage 5
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[6],[7]	346
Investment, Identifier [Axis]: Pluralsight, LLC, Software/Services
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[4]	314
Fair value, ending balance	[4]			314
Investment, Identifier [Axis]: Pluralsight, LLC, Software/Services 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	7,375
Fair value, ending balance		7,059	[5],[6]	7,375	[3],[4]
Investment, Identifier [Axis]: Pluralsight, LLC, Software/Services 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	2,636
Fair value, ending balance		2,523	[5],[6]	2,636	[3],[4]
Investment, Identifier [Axis]: Pluralsight, LLC, Software/Services 3
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[6],[7]	458
Investment, Identifier [Axis]: Point Broadband Acquisition, LLC, Telecom
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[4],[11],[13]	1,369
Fair value, ending balance		1,717	[6],[9],[10],[14]	1,369	[4],[11],[13]
Investment, Identifier [Axis]: Point Broadband Acquisition, LLC, Telecom 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[4]	1,697
Fair value, ending balance		3,633	[5],[6]	1,697	[4]
Investment, Identifier [Axis]: Point Broadband Acquisition, LLC, Telecom 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	8,529
Fair value, ending balance		8,619	[5],[6]	8,529	[3],[4]
Investment, Identifier [Axis]: Post Road Equipment Finance, LLC, Equity/Other
Investments in and Advances to Affiliates [Line Items]
Amount of dividends and interest included in income		2,700
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance		30,742
Gross additions		1,883
Gross reductions		0
Realized Gain/(Loss)		0
Change in Unrealized Gain (Loss)		(25)
Fair value, ending balance		32,600		30,742
Investment, Identifier [Axis]: Post Road Equipment Finance, LLC, Financials
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[4],[11],[15]	30,742
Fair value, ending balance		32,600	[6],[9],[10],[16]	30,742	[4],[11],[15]
Investment, Identifier [Axis]: Post Road Equipment Finance, LLC, Financials 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[4],[15]	6,914
Fair value, ending balance		11,000	[6],[16],[17],[18]	6,914	[4],[15]
Investment, Identifier [Axis]: Post Road Equipment Finance, LLC, Financials 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[4],[15]	24,500
Fair value, ending balance		24,500	[6],[16],[17],[18]	24,500	[4],[15]
Investment, Identifier [Axis]: Post Road Equipment Finance, LLC, Subordinated Debt 1
Investments in and Advances to Affiliates [Line Items]
Amount of dividends and interest included in income		1,237
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance		6,914
Gross additions		5,029
Gross reductions		(987)
Realized Gain/(Loss)		0
Change in Unrealized Gain (Loss)		44
Fair value, ending balance		11,000		6,914
Investment, Identifier [Axis]: Post Road Equipment Finance, LLC, Subordinated Debt 2
Investments in and Advances to Affiliates [Line Items]
Amount of dividends and interest included in income		3,205
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance		24,500
Gross additions		11
Gross reductions		0
Realized Gain/(Loss)		0
Change in Unrealized Gain (Loss)		(11)
Fair value, ending balance		24,500		24,500
Investment, Identifier [Axis]: Proofpoint, Inc., Software/Services
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3]	3,234
Fair value, ending balance	[3]			3,234
Investment, Identifier [Axis]: Proofpoint, Inc.,, Software/Services
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[5]	3,405
Investment, Identifier [Axis]: RSC Acquisition, Inc., Financials 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[4]	638
Fair value, ending balance		2,161	[5],[6]	638	[4]
Investment, Identifier [Axis]: RSC Acquisition, Inc., Financials 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	6,850
Fair value, ending balance		6,780	[5],[6]	6,850	[3],[4]
Investment, Identifier [Axis]: RealPage, Inc., Software/Services
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3]	5,214
Fair value, ending balance		5,431	[5]	5,214	[3]
Investment, Identifier [Axis]: Relativity Oda, LLC, Software/Services
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	2,168
Fair value, ending balance	[3],[4]			2,168
Investment, Identifier [Axis]: Relativity Oda, LLC, Software/Services 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[5],[6]	2,291
Investment, Identifier [Axis]: Relativity Oda, LLC, Software/Services 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[6],[7]	0
Investment, Identifier [Axis]: Roadsafe Holdings, Inc., Industrials 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	3,276
Fair value, ending balance		3,296	[5],[6]	3,276	[3],[4]
Investment, Identifier [Axis]: Roadsafe Holdings, Inc., Industrials 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[4]	2,873
Fair value, ending balance		4,315	[5],[6]	2,873	[4]
Investment, Identifier [Axis]: SCIH Salt Holdings, Inc., Industrials
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3]	1,066
Fair value, ending balance		1,086	[5]	1,066	[3]
Investment, Identifier [Axis]: Safe Fleet Holdings, LLC, Industrials
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	5,856
Fair value, ending balance		5,999	[5]	5,856	[3],[4]
Investment, Identifier [Axis]: Saturn SHC Buyer Holdings, Inc., Healthcare 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	16,715
Fair value, ending balance		7,598	[5],[6]	16,715	[3],[4]
Investment, Identifier [Axis]: Saturn SHC Buyer Holdings, Inc., Healthcare 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	14,893
Fair value, ending balance		14,742	[5],[6]	14,893	[3],[4]
Investment, Identifier [Axis]: Saturn SHC Buyer Holdings, Inc., Healthcare 3
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[6],[7]	0
Investment, Identifier [Axis]: Sherlock Buyer Corp., Business Services
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	4,914
Fair value, ending balance	[3],[4]			4,914
Investment, Identifier [Axis]: Sherlock Buyer Corp., Business Services 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[5],[6]	4,951
Investment, Identifier [Axis]: Sherlock Buyer Corp., Business Services 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[6],[7]	0
Investment, Identifier [Axis]: Sherlock Buyer Corp., Business Services 3
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[6],[7]	0
Investment, Identifier [Axis]: Simplifi Holdings, Inc., Media/Entertainment
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	15,700
Fair value, ending balance	[3],[4]			15,700
Investment, Identifier [Axis]: Simplifi Holdings, Inc., Media/Entertainment 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[5],[6]	15,568
Investment, Identifier [Axis]: Simplifi Holdings, Inc., Media/Entertainment 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[6],[7]	297
Investment, Identifier [Axis]: SitusAMC Holdings Corp., Financials
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	6,771
Fair value, ending balance		6,341	[5],[6]	6,771	[3],[4]
Investment, Identifier [Axis]: Skillsoft Corp., Technology
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3]	490
Fair value, ending balance		546	[5]	490	[3]
Investment, Identifier [Axis]: Striper Buyer, LLC, Paper & Packaging
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	4,910
Fair value, ending balance		4,860	[5],[6]	4,910	[3],[4]
Investment, Identifier [Axis]: SunMed Group Holdings, LLC, Healthcare 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	3,806
Fair value, ending balance		3,768	[5],[6]	3,806	[3],[4]
Investment, Identifier [Axis]: SunMed Group Holdings, LLC, Healthcare 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[4]	123
Fair value, ending balance		(4)	[6],[7]	123	[4]
Investment, Identifier [Axis]: TRC Cos, Inc., Industrials
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	6,742
Fair value, ending balance		6,742	[5],[6]	6,742	[3],[4]
Investment, Identifier [Axis]: Tecta America Corp., Industrials
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3]	3,697
Fair value, ending balance	[3]			3,697
Investment, Identifier [Axis]: Tecta America Corp., Industrials
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	2,110
Fair value, ending balance	[3],[4]			2,110
Investment, Identifier [Axis]: The NPD Group, LP , Business Services 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[5],[6]	16,846
Investment, Identifier [Axis]: The NPD Group, LP, Business Services
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	16,472
Fair value, ending balance	[3],[4]			16,472
Investment, Identifier [Axis]: The NPD Group, LP, Business Services 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[4]	111
Fair value, ending balance		156	[6],[7]	111	[4]
Investment, Identifier [Axis]: Therapy Brands Holdings, LLC, Healthcare
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	1,947
Fair value, ending balance		1,792	[5],[6]	1,947	[3],[4]
Investment, Identifier [Axis]: Therapy Brands Holdings, LLC, Healthcare 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	1,811
Fair value, ending balance	[3],[4]			1,811
Investment, Identifier [Axis]: Therapy Brands Holdings, LLC, Healthcare 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[5],[6]	1,947
Investment, Identifier [Axis]: Tivity Health, Inc., Healthcare
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	31,357
Fair value, ending balance		31,243	[5],[6]	31,357	[3],[4]
Investment, Identifier [Axis]: Trinity Air Consultants Holdings Corp., Business Services 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	1,626
Fair value, ending balance		1,768	[5],[6]	1,626	[3],[4]
Investment, Identifier [Axis]: Trinity Air Consultants Holdings Corp., Business Services 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	8,656
Fair value, ending balance		8,788	[5],[6]	8,656	[3],[4]
Investment, Identifier [Axis]: Trinity Air Consultants Holdings Corp., Business Services 3
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[5],[6],[7]	557
Investment, Identifier [Axis]: Trinity Air Consultants Holdings Corp., Business Services 4
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[6],[7]	0
Investment, Identifier [Axis]: Triple Lift, Inc., Software/Services 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	11,731
Fair value, ending balance		11,341	[5],[6]	11,731	[3],[4]
Investment, Identifier [Axis]: Triple Lift, Inc., Software/Services 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	525
Fair value, ending balance		478	[6],[7]	525	[3],[4]
Investment, Identifier [Axis]: US Oral Surgery Management Holdco, LLC, Healthcare 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[4]	1,575
Fair value, ending balance		2,154	[5],[6]	1,575	[4]
Investment, Identifier [Axis]: US Oral Surgery Management Holdco, LLC, Healthcare 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	5,440
Fair value, ending balance		1,877	[5],[6]	5,440	[3],[4]
Investment, Identifier [Axis]: US Oral Surgery Management Holdco, LLC, Healthcare 3
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[5],[6]	5,440
Investment, Identifier [Axis]: US Oral Surgery Management Holdco, LLC, Healthcare 4
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[6],[7]	(5)
Investment, Identifier [Axis]: US Salt Investors, LLC, Chemicals
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	8,415
Fair value, ending balance	[3],[4]			8,415
Investment, Identifier [Axis]: US Salt Investors, LLC, Chemicals 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[5],[6]	8,330
Investment, Identifier [Axis]: US Salt Investors, LLC, Chemicals 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[6],[7]	(17)
Investment, Identifier [Axis]: USIC Holdings, Inc., Business Services
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	2,361
Fair value, ending balance		2,361	[5],[6]	2,361	[3],[4]
Investment, Identifier [Axis]: Vensure Employer Services, Inc., Business Services
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	4,784
Fair value, ending balance	[3],[4]			4,784
Investment, Identifier [Axis]: Vensure Employer Services, Inc., Business Services 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[5],[6]	4,736
Investment, Identifier [Axis]: Vensure Employer Services, Inc., Business Services 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[6],[7]	460
Investment, Identifier [Axis]: Victors CCC Buyer, LLC, Business Services
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	7,105
Fair value, ending balance	[3],[4]			7,105
Investment, Identifier [Axis]: Victors CCC Buyer, LLC, Business Services 3
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[6],[7]	(23)
Investment, Identifier [Axis]: Victors CCC Buyer, LLC, Business Services 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[5],[6]	7,044
Investment, Identifier [Axis]: Victors CCC Buyer, LLC, Business Services 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[6],[7]	(32)
Investment, Identifier [Axis]: Victory Buyer, LLC, Industrials
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	13,274
Fair value, ending balance		13,274	[5],[6]	13,274	[3],[4]
Investment, Identifier [Axis]: WHCG Purchaser III, Inc., Healthcare 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	11,181
Fair value, ending balance		8,160	[5],[6]	11,181	[3],[4]
Investment, Identifier [Axis]: WHCG Purchaser III, Inc., Healthcare 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[4]	2,717
Fair value, ending balance		1,982	[5],[6]	2,717	[4]
Investment, Identifier [Axis]: WHCG Purchaser III, Inc., Healthcare 3
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[4]	654
Fair value, ending balance		1,385	[6],[7]	654	[4]
Investment, Identifier [Axis]: WIN Holdings III Corp., Consumer
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	13,218
Fair value, ending balance	[3],[4]			13,218
Investment, Identifier [Axis]: WIN Holdings III Corp., Consumer 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[5],[6]	12,513
Investment, Identifier [Axis]: WIN Holdings III Corp., Consumer 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[6],[7]	0
Investment, Identifier [Axis]: West Coast Dental Services, Inc., Healthcare 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[4]	107
Fair value, ending balance		487	[5],[6]	107	[4]
Investment, Identifier [Axis]: West Coast Dental Services, Inc., Healthcare 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	8,305
Fair value, ending balance		8,175	[5],[6]	8,305	[3],[4]
Investment, Identifier [Axis]: West Coast Dental Services, Inc., Healthcare 3
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[6],[7]	917
Investment, Identifier [Axis]: Westwood Professional Services, Inc., Business Services 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[4]	433
Fair value, ending balance		1,159	[5],[6]	433	[4]
Investment, Identifier [Axis]: Westwood Professional Services, Inc., Business Services 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[3],[4]	3,679
Fair value, ending balance		3,642	[5],[6]	3,679	[3],[4]
Investment, Identifier [Axis]: Westwood Professional Services, Inc., Business Services 3
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[6],[7]	0
Investment, Identifier [Axis]: Zendesk, Inc., Software/Services
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, beginning balance	[4],[19]	20,800
Fair value, ending balance	[4],[19]			$ 20,800
Investment, Identifier [Axis]: Zendesk, Inc., Software/Services 1
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[6],[17],[18]	21,394
Investment, Identifier [Axis]: Zendesk, Inc., Software/Services 3
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[6],[7]	(38)
Investment, Identifier [Axis]: Zendesk, Inc.,, Software/Services 2
Investments in and Advances to Affiliates, at Fair Value [Roll Forward]
Fair value, ending balance	[6],[7]	$ (91)
[1]Percentages are based on net assets attributable to common stock as of December 31, 2022.[2]Percentages are based on net assets attributable to common stock as of December 31, 2023.[3]The Company's investment or a portion thereof is pledged as collateral under the MS Credit Facility (as defined in Note 5 Note 3 to the consolidated financial statements). Note 5 ). Note 3 to the consolidated financial statements). Note 6 - Commitments and Contingencies for additional details.

Subsequent Events (Details)

Subsequent Events (Details) shares in Millions												12 Months Ended
	Jan. 24, 2024 shares	Jan. 09, 2024 $ / shares	Nov. 08, 2023 $ / shares	Oct. 02, 2023	Jul. 28, 2023 $ / shares	Apr. 27, 2023 $ / shares	Feb. 24, 2023 $ / shares	Oct. 26, 2022 $ / shares	Jul. 28, 2022 $ / shares	May 11, 2022 $ / shares	Feb. 04, 2022 $ / shares	Dec. 31, 2023
Subsequent Event [Line Items]
Common stock, dividends declared per share (in dollars per share)			$ 0.43		$ 0.43	$ 0.43	$ 0.43	$ 0.39	$ 0.39	$ 0.39	$ 0.30
Preferred stock, dividends declared per share (in dollars per share)			$ 28.35		$ 28.35	$ 28.35	$ 28.31	$ 25.42	$ 25.42	$ 25.28	$ 19.49
Debt-to-equity ratio				1								1
Management fee, pre-liquidity event | Affiliated entity
Subsequent Event [Line Items]
Management fee rate (as a percent)				1.50%								0.50%
Management fee, post-liquidity event | Affiliated entity
Subsequent Event [Line Items]
Management fee rate (as a percent)				1%								1.50%
Incentive fee, pre-liquidity event, quarterly catch-up threshold | Affiliated entity
Subsequent Event [Line Items]
Incentive fee rate (as a percent)				1.8175%								1.765%
Incentive fee, pre-liquidity event, annualized catch-up threshold | Affiliated entity
Subsequent Event [Line Items]
Incentive fee rate (as a percent)				7.27%								7.06%
Incentive fee, pre-liquidity event, pre-incentive fee net investment income exceeds catch-up threshold | Affiliated entity
Subsequent Event [Line Items]
Incentive fee rate (as a percent)				17.50%								15%
Incentive fee, pre-liquidity event, capital gains | Affiliated entity
Subsequent Event [Line Items]
Incentive fee rate (as a percent)				17.50%								15%
Subsequent Event
Subsequent Event [Line Items]
Common stock, dividends declared per share (in dollars per share)		$ 0.43
Preferred stock, dividends declared per share (in dollars per share)		$ 28.35
Subsequent Event | Common Stock
Subsequent Event [Line Items]
Conversion ratio	0.4647
Conversion of stock (in shares) | shares	110