Quarterly report pursuant to Section 13 or 15(d)

DEBT - SPV Facility Balance Sheet (Details)

v3.23.2
DEBT - SPV Facility Balance Sheet (Details) - USD ($)
$ in Thousands
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2021
ASSETS            
Investments at fair value: $ 4,210,543   $ 4,102,177 [1] $ 4,210,543 [2]    
Investment, cost 3,742,689   3,773,752 [3] 3,742,689 [4]    
Cash and cash equivalents 70,886   49,121      
Interest and dividend receivable and other assets 117,749   82,731      
Receivable for securities sold 13,959   381      
Deferred financing costs (net of accumulated amortization of $426 and $141 as of June 30, 2023 and December 31, 2022, respectively) 7,101   7,475      
Deferred financing costs, accumulated amortization 11,420   10,603      
Total assets 4,420,238   4,241,885      
LIABILITIES            
Debt 2,021,502   1,999,102      
Accounts payable and other liabilities 48,502   52,092      
Interest payable 15,355   16,580      
Total liabilities 2,165,290   2,133,299      
NET ASSETS            
Contributed capital 2,132,041   2,030,531      
Total undistributed earnings 122,093   77,271      
Total net assets 2,254,948 $ 2,172,922 2,108,586 1,865,163 $ 1,873,654 $ 1,788,846
Total liabilities and equity 4,420,238   4,241,885      
MSCC Funding I, LLC            
ASSETS            
Cash and cash equivalents 8,200   10,838      
Interest and dividend receivable and other assets 2,748   2,828      
Accounts receivable to MSCC and its subsidiaries 0   556      
Receivable for securities sold 0   369      
Deferred financing costs (net of accumulated amortization of $426 and $141 as of June 30, 2023 and December 31, 2022, respectively) 2,568   2,630      
Deferred financing costs, accumulated amortization 426   141      
Total assets 334,145   333,728      
LIABILITIES            
Debt 170,000   200,000      
Accounts payable and other liabilities 7,032   112      
Interest payable 1,138   1,272      
Total liabilities 178,170   201,384      
NET ASSETS            
Contributed capital 138,163   126,010      
Total undistributed earnings 17,812   6,334      
Total net assets 155,975   132,344      
Total liabilities and equity 334,145   333,728      
Non‑Control/Non‑Affiliate investments            
ASSETS            
Investments at fair value: 1,763,719   1,780,646 [1],[5] 1,763,719 [2],[6]    
Investment, cost 1,825,669   1,867,414 [3],[5] $ 1,825,669 [4],[6]    
Non‑Control/Non‑Affiliate investments | MSCC Funding I, LLC            
ASSETS            
Investments at fair value: 320,629   316,507      
Investment, cost $ 318,309   $ 314,752      
[1] Investment fair value was determined using significant unobservable inputs, unless otherwise noted. See Note C — Fair Value Hierarchy for Investments — Portfolio Composition for further discussion. Negative fair value is the result of the capitalized discount on the loan or the unfunded commitment being valued below par.
[2] Investment fair value was determined using significant unobservable inputs, unless otherwise noted. See Note C—Fair Value Hierarchy for Investments—Portfolio Composition for further discussion. Negative fair value is the result of the capitalized discount on the loan or the unfunded commitment being valued below par.
[3] Principal is net of repayments. Cost is net of repayments and accumulated unearned income. Negative cost is the result of the capitalized discount being greater than the principal amount outstanding on the loan.
[4] Principal is net of repayments. Cost is net of repayments and accumulated unearned income. Negative cost is the result of the capitalized discount being greater than the principal amount outstanding on the loan.
[5] Non-Control/Non-Affiliate investments are defined by the 1940 Act as investments that are neither Control investments nor Affiliate investments.
[6] Non-Control/Non-Affiliate investments are defined by the 1940 Act as investments that are neither Control investments nor Affiliate investments.