Annual report [Section 13 and 15(d), not S-K Item 405]

DEBT - Schedule of MSCC Funding Statement of Operations (Details)

v3.25.4
DEBT - Schedule of MSCC Funding Statement of Operations (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
INVESTMENT INCOME:      
Total investment income $ 566,391 $ 541,026 $ 500,385
EXPENSES:      
Interest (127,998) (123,429) (102,575)
General and administrative (21,701) (19,347) (18,042)
Total expenses (199,650) (185,967) (161,366)
NET INVESTMENT INCOME BEFORE TAXES 366,741 355,059 339,019
NET REALIZED LOSS:      
Total net realized gain (loss) 54,579 45,998 (120,507)
NET UNREALIZED APPRECIATION (DEPRECIATION):      
Total net unrealized appreciation (depreciation) 98,879 137,656 232,577
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS 493,398 508,080 428,447
MSCC Funding I, LLC      
INVESTMENT INCOME:      
Total investment income 40,461 43,477 40,152
EXPENSES:      
Interest (12,952) (12,734) (14,491)
Management fee to MSCC (1,636) (1,648) (1,603)
General and administrative (150) (121) (130)
Total expenses (14,738) (14,503) (16,224)
NET INVESTMENT INCOME BEFORE TAXES 25,723 28,974 23,928
NET REALIZED LOSS:      
Total net realized gain (loss) (2,481) 0 0
NET UNREALIZED APPRECIATION (DEPRECIATION):      
Total net unrealized appreciation (depreciation) (4,700) (2,181) 264
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS 18,542 26,793 24,192
Control investments      
INVESTMENT INCOME:      
Total investment income 245,940 205,367 197,150
NET REALIZED LOSS:      
Total net realized gain (loss) 19,674 36,922 (50,532)
NET UNREALIZED APPRECIATION (DEPRECIATION):      
Total net unrealized appreciation (depreciation) 46,288 117,867 161,793
Control investments | MSCC Funding I, LLC      
INVESTMENT INCOME:      
Total investment income 430 0 0
NET UNREALIZED APPRECIATION (DEPRECIATION):      
Total net unrealized appreciation (depreciation) (1,712) 0 0
Non‑Control/Non‑Affiliate investments      
INVESTMENT INCOME:      
Total investment income 224,374 251,292 233,406
NET REALIZED LOSS:      
Total net realized gain (loss) (23,222) 13,295 (51,246)
NET UNREALIZED APPRECIATION (DEPRECIATION):      
Total net unrealized appreciation (depreciation) 43,438 (27,510) 37,095
Non‑Control/Non‑Affiliate investments | MSCC Funding I, LLC      
INVESTMENT INCOME:      
Total investment income 40,031 43,477 40,152
NET REALIZED LOSS:      
Total net realized gain (loss) (2,481) 0 0
NET UNREALIZED APPRECIATION (DEPRECIATION):      
Total net unrealized appreciation (depreciation) $ (2,988) $ (2,181) $ 264