Annual report pursuant to Section 13 and 15(d)

DEBT - Schedule of SPV Facility Balance Sheet (Details)

v3.24.0.1
DEBT - Schedule of SPV Facility Balance Sheet (Details) - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
ASSETS                    
Investments at fair value $ 4,286,271 [1] $ 4,102,177 [2]                
Non control investments, cost 3,725,960 [3] 3,773,752 [4]                
Cash and cash equivalents 60,083 49,121                
Interest and dividend receivable and other assets 89,337 82,731                
Receivable for securities sold 0 381                
Deferred financing costs (net of accumulated amortization of $572 and $141 as of December 31, 2023 and 2022, respectively) 7,879 7,475                
Deferred financing costs, accumulated amortization 12,329 10,603                
Total assets 4,443,570 4,241,885                
LIABILITIES                    
Debt 1,802,344 1,999,102                
Accounts payable and other liabilities 62,576 52,092                
Interest payable 17,025 16,580                
Total liabilities 1,966,171 2,133,299                
NET ASSETS                    
Contributed capital 2,270,549 2,030,531                
Total undistributed earnings 206,002 77,271                
Total net assets 2,477,399 2,108,586 $ 1,788,846 $ 1,514,767 $ 1,536,390 $ 1,476,049 $ 1,380,368 $ 1,201,481 $ 1,070,894 $ 939,982
Total liabilities and net assets 4,443,570 4,241,885                
MSCC Funding I, LLC                    
ASSETS                    
Cash and cash equivalents 12,817 10,838                
Interest and dividend receivable and other assets 2,956 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 December 31, 2023 and 2022, respectively) 3,829 2,630                
Deferred financing costs, accumulated amortization 783 141                
Total assets 336,994 333,728                
LIABILITIES                    
Debt 160,000 200,000                
Accounts payable and other liabilities 7,170 112                
Interest payable 1,135 1,272                
Total liabilities 168,305 201,384                
NET ASSETS                    
Contributed capital 138,163 126,010                
Total undistributed earnings 30,526 6,334                
Total net assets 168,689 132,344                
Total liabilities and net assets 336,994 333,728                
Non‑Control/Non‑Affiliate investments                    
ASSETS                    
Investments at fair value 1,664,571 [1],[5] 1,780,646 [2],[6]                
Non control investments, cost 1,714,935 [3],[5] 1,867,414 [4],[6]                
Non‑Control/Non‑Affiliate investments | MSCC Funding I, LLC                    
ASSETS                    
Investments at fair value 317,392 316,507                
Non control investments, cost $ 315,373 $ 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.