Quarterly report pursuant to Section 13 or 15(d)

DEBT - SPV Facility Balance Sheet (Details)

v3.23.1
DEBT - SPV Facility Balance Sheet (Details) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Mar. 31, 2022
Dec. 31, 2021
ASSETS        
Investments at fair value: $ 4,160,917 $ 4,102,177 [1] $ 4,160,917 [2]  
Investment, cost 3,797,714 3,773,752 [3] 3,797,714 [4]  
Cash and cash equivalents 39,752 49,121    
Interest and dividend receivable and other assets 84,597 82,731    
Receivable for securities sold 505 381    
Deferred financing costs (net of accumulated amortization of $282 and $141 as of March 31, 2023 and December 31, 2022, respectively) 7,484 7,475    
Deferred financing costs, accumulated amortization 11,003 10,603    
Total assets 4,293,255 4,241,885    
LIABILITIES        
Debt 1,989,641 1,999,102    
Accounts payable and other liabilities 39,759 52,092    
Interest payable 18,671 16,580    
Total liabilities 2,120,333 2,133,299    
NET ASSETS        
Contributed capital 2,083,175 2,030,531    
Total undistributed earnings 88,950 77,271    
Total net assets 2,172,922 2,108,586 1,873,654 $ 1,788,846
Total liabilities and equity 4,293,255 4,241,885    
MSCC Funding I, LLC        
ASSETS        
Cash and cash equivalents 10,865 10,838    
Interest and dividend receivable and other assets 3,281 2,828    
Accounts receivable to MSCC and its subsidiaries 0 556    
Receivable for securities sold 62 369    
Deferred financing costs (net of accumulated amortization of $282 and $141 as of March 31, 2023 and December 31, 2022, respectively) 2,679 2,630    
Deferred financing costs, accumulated amortization 282 141    
Total assets 317,989 333,728    
LIABILITIES        
Debt 170,000 200,000    
Accounts payable and other liabilities 192 112    
Interest payable 1,104 1,272    
Total liabilities 171,296 201,384    
NET ASSETS        
Contributed capital 136,883 126,010    
Total undistributed earnings 9,810 6,334    
Total net assets 146,693 132,344    
Total liabilities and equity 317,989 333,728    
Non‑Control/Non‑Affiliate investments        
ASSETS        
Investments at fair value: 1,788,687 1,780,646 [1],[5] 1,788,687 [2],[6]  
Investment, cost 1,890,979 1,867,414 [3],[5] $ 1,890,979 [4],[6]  
Non‑Control/Non‑Affiliate investments | MSCC Funding I, LLC        
ASSETS        
Investments at fair value: 301,102 316,507    
Investment, cost $ 300,018 $ 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.