Quarterly report pursuant to Section 13 or 15(d)

DEBT - Schedule of MSCC Funding Balance Sheet (Details)

v3.23.3
DEBT - Schedule of MSCC Funding Balance Sheet (Details) - USD ($)
$ in Thousands
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2021
ASSETS                
Investments at fair value: $ 4,294,722 [1]     $ 4,102,177 [2]        
Investment, cost 3,799,385 [3]     3,773,752 [4]        
Cash and cash equivalents 77,047     49,121        
Interest and dividend receivable and other assets 84,897     82,731        
Receivable for securities sold 4,345     381        
Deferred financing costs (net of accumulated amortization of $572 and $141 as of September 30, 2023 and December 31, 2022, respectively) 6,749     7,475        
Deferred financing costs, accumulated amortization 11,842     10,603        
Total assets 4,467,760     4,241,885        
LIABILITIES                
Debt 1,934,922     1,999,102        
Accounts payable and other liabilities 57,095     52,092        
Interest payable 18,733     16,580        
Total liabilities 2,096,953     2,133,299        
NET ASSETS                
Contributed capital 2,225,614     2,030,531        
Total undistributed earnings 144,357     77,271        
Total net assets 2,370,807 $ 2,254,948 $ 2,172,922 2,108,586 $ 1,979,420 $ 1,865,163 $ 1,873,654 $ 1,788,846
Total liabilities and equity 4,467,760     4,241,885        
MSCC Funding I, LLC                
ASSETS                
Cash and cash equivalents 11,555     10,838        
Interest and dividend receivable and other assets 3,305     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 $572 and $141 as of September 30, 2023 and December 31, 2022, respectively) 2,423     2,630        
Deferred financing costs, accumulated amortization 572     141        
Total assets 340,686     333,728        
LIABILITIES                
Debt 170,000     200,000        
Accounts payable and other liabilities 7,076     112        
Interest payable 1,162     1,272        
Total liabilities 178,238     201,384        
NET ASSETS                
Contributed capital 138,163     126,010        
Total undistributed earnings 24,285     6,334        
Total net assets 162,448     132,344        
Total liabilities and equity 340,686     333,728        
Non‑Control/Non‑Affiliate investments                
ASSETS                
Investments at fair value: 1,801,761 [1],[5]     1,780,646 [2],[6]        
Investment, cost 1,871,255 [3],[5]     1,867,414 [4],[6]        
Non‑Control/Non‑Affiliate investments | MSCC Funding I, LLC                
ASSETS                
Investments at fair value: 323,403     316,507        
Investment, cost $ 321,084     $ 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.