Quarterly report pursuant to Section 13 or 15(d)

DEBT - Schedule of MSCC Funding Balance Sheet (Details)

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DEBT - Schedule of MSCC Funding Balance Sheet (Details) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Mar. 31, 2023
Dec. 31, 2022
ASSETS        
Investments at fair value: $ 4,548,027 [1] $ 4,286,271 [2]    
Investment, cost 3,947,530 [3] 3,725,960 [4]    
Cash and cash equivalents 114,984 60,083    
Interest and dividend receivable and other assets 88,236 89,337    
Deferred financing costs (net of accumulated amortization of $1,028 and $783 as of March 31, 2024 and December 31, 2023, respectively) 7,359 7,879    
Deferred financing costs, accumulated amortization 12,850 12,329    
Total assets 4,758,818 4,443,570    
LIABILITIES        
SPV Facility 2,048,415 1,802,344    
Accounts payable and other liabilities 76,342 62,576    
Interest payable 24,818 17,025    
Total liabilities 2,242,848 1,966,171    
NET ASSETS        
Contributed capital 2,289,042 2,270,549    
Total undistributed earnings 226,077 206,002    
Total net assets 2,515,970 2,477,399 $ 2,172,922 $ 2,108,586
Total liabilities and equity 4,758,818 4,443,570    
MSCC Funding I, LLC        
ASSETS        
Cash and cash equivalents 36,354 12,817    
Interest and dividend receivable and other assets 2,724 2,956    
Deferred financing costs (net of accumulated amortization of $1,028 and $783 as of March 31, 2024 and December 31, 2023, respectively) 3,585 3,829    
Deferred financing costs, accumulated amortization 1,028 783    
Total assets 347,688 336,994    
LIABILITIES        
SPV Facility 10,000 160,000    
Accounts payable and other liabilities 160,169 7,170    
Interest payable 302 1,135    
Total liabilities 170,471 168,305    
NET ASSETS        
Contributed capital 138,163 138,163    
Total undistributed earnings 39,054 30,526    
Total net assets 177,217 168,689    
Total liabilities and equity 347,688 336,994    
Non‑Control/Non‑Affiliate investments        
ASSETS        
Investments at fair value: 1,830,866 [1],[5] 1,664,571 [2],[6]    
Investment, cost 1,879,039 [3],[5] 1,714,935 [4],[6]    
Non‑Control/Non‑Affiliate investments | MSCC Funding I, LLC        
ASSETS        
Investments at fair value: 305,025 317,392    
Investment, cost $ 303,482 $ 315,373    
[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.