Quarterly report pursuant to Section 13 or 15(d)

DEBT - Schedule of MSCC Funding Balance Sheet (Details)

v3.24.3
DEBT - Schedule of MSCC Funding Balance Sheet (Details) - USD ($)
$ in Thousands
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
ASSETS                
Investments at fair value: $ 4,911,054 [1]     $ 4,286,271 [2]        
Investment, cost 4,265,803 [3]     3,725,960 [4]        
Cash and cash equivalents 84,421     60,083        
Interest and dividend receivable and other assets 86,420     89,337        
Deferred financing costs (net of accumulated amortization of $1,516 and $783 as of September 30, 2024 and December 31, 2023, respectively) 12,882     7,879        
Deferred financing costs, accumulated amortization 13,932     12,329        
Total assets 5,094,777     4,443,570        
LIABILITIES                
SPV Facility 2,199,490     1,802,344        
Accounts payable and other liabilities to affiliates 71,553     62,576        
Interest payable 18,513     17,025        
Total liabilities 2,402,523     1,966,171        
NET ASSETS                
Contributed capital 2,418,089     2,270,549        
Total undistributed earnings 273,285     206,002        
Total net assets 2,692,254 $ 2,578,956 $ 2,515,970 2,477,399 $ 2,370,807 $ 2,254,948 $ 2,172,922 $ 2,108,586
Total liabilities and net assets 5,094,777     4,443,570        
MSCC Funding I, LLC                
ASSETS                
Cash and cash equivalents 7,618     12,817        
Interest and dividend receivable and other assets 3,514     2,956        
Receivable for securities sold 0     0        
Deferred financing costs (net of accumulated amortization of $1,516 and $783 as of September 30, 2024 and December 31, 2023, respectively) 6,855     3,829        
Deferred financing costs, accumulated amortization 1,516     783        
Total assets 347,215     336,994        
LIABILITIES                
SPV Facility 160,000     160,000        
Accounts payable and other liabilities to affiliates 0     7,170        
Interest payable 1,179     1,135        
Total liabilities 161,179     168,305        
NET ASSETS                
Contributed capital 136,744     138,163        
Total undistributed earnings 49,292     30,526        
Total net assets 186,036     168,689        
Total liabilities and net assets 347,215     336,994        
Non‑Control/Non‑Affiliate investments                
ASSETS                
Investments at fair value: 2,022,386 [1],[5]     1,664,571 [2],[6]        
Investment, cost 2,097,862 [3],[5]     1,714,935 [4],[6]        
Non‑Control/Non‑Affiliate investments | MSCC Funding I, LLC                
ASSETS                
Investments at fair value: 329,228     317,392        
Investment, cost $ 330,858     $ 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.