Cover
Cover - shares | 3 Months Ended | |
Mar. 31, 2024 | May 08, 2024 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Mar. 31, 2024 | |
Document Transition Report | false | |
Entity File Number | 814-00939 | |
Entity Registrant Name | MSC Income Fund, Inc | |
Entity Incorporation, State or Country Code | MD | |
Entity Tax Identification Number | 45-3999996 | |
Entity Address, Address Line One | 1300 Post Oak Boulevard | |
Entity Address, Address Line Two | 8th Floor | |
Entity Address, City or Town | Houston | |
Entity Address, State or Province | TX | |
Entity Address, Postal Zip Code | 77056 | |
City Area Code | (713 | |
Local Phone Number | 350-6000 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 80,475,393 | |
Entity Central Index Key | 0001535778 | |
Current Fiscal Year End Date | --12-31 | |
Document Fiscal Year Focus | 2024 | |
Document Fiscal Period Focus | Q1 | |
Amendment Flag | false |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 | ||
ASSETS | ||||
Investments at fair value: | $ 1,115,982 | [1] | $ 1,092,895 | [2] |
Cash and cash equivalents | 24,648 | 30,786 | ||
Interest and dividend receivable | 11,824 | 10,541 | ||
Receivable for securities sold | 624 | 171 | ||
Deferred financing costs (net of accumulated amortization of $4,865 and $4,168 as of March 31, 2024 and December 31, 2023, respectively) | 2,718 | 3,416 | ||
Prepaids and other assets | 2,787 | 2,091 | ||
Total assets | 1,158,583 | 1,139,900 | ||
LIABILITIES | ||||
Debt | 503,917 | 484,843 | ||
Accounts payable and other liabilities | 378 | 255 | ||
Payable for securities purchased | 0 | 206 | ||
Interest payable | 8,411 | 6,266 | ||
Dividend payable | 14,821 | 14,019 | ||
Management and incentive fees payable | 8,665 | 8,745 | ||
Deferred tax liability, net | 3,870 | 3,259 | ||
Total liabilities | 540,062 | 517,593 | ||
Commitments and contingencies (Note I) | ||||
NET ASSETS | ||||
Common stock, $0.001 par value per share (450,000,000 shares authorized; 80,112,588 and 80,108,865 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively) | 80 | 80 | ||
Additional paid‑in capital | 686,582 | 686,136 | ||
Total overdistributed earnings | (68,141) | (63,909) | ||
Total net assets | 618,521 | 622,307 | ||
Total liabilities and net assets | $ 1,158,583 | $ 1,139,900 | ||
NET ASSET VALUE PER SHARE (in dollars per share) | $ 7.72 | $ 7.77 | ||
Line of Credit | Revolving Credit Facility | ||||
LIABILITIES | ||||
Debt | $ 354,688 | $ 335,688 | ||
Unsecured Debt | Series A Notes due 2026 | ||||
LIABILITIES | ||||
Debt | 149,229 | 149,155 | ||
Control investments | ||||
ASSETS | ||||
Investments at fair value: | 53,644 | [1],[3] | 53,644 | [2],[4] |
Affiliate investments | ||||
ASSETS | ||||
Investments at fair value: | 289,329 | [1],[5] | 291,279 | [2],[6] |
Non‑Control/Non‑Affiliate investments | ||||
ASSETS | ||||
Investments at fair value: | $ 773,009 | [1],[7] | $ 747,972 | [2],[8] |
[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. 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. Control investments are defined by the 1940 Act as investments in which more than 25% of the voting securities are owned or where the ability to nominate greater than 50% of the board representation is maintained. Control investments are defined by the 1940 Act as investments in which more than 25% of the voting securities are owned or where the ability to nominate greater than 50% of the board representation is maintained. Affiliate investments are defined by the 1940 Act as investments in which between 5% and 25% (inclusive) of the voting securities are owned and the investments are not classified as Control investments. Affiliate investments are defined by the 1940 Act as investments in which between 5% and 25% (inclusive) of the voting securities are owned and the investments are not classified as Control investments. Non-Control/Non-Affiliate investments are defined by the 1940 Act as investments that are neither Control investments nor Affiliate investments. Non-Control/Non-Affiliate investments are defined by the 1940 Act as investments that are neither Control investments nor Affiliate investments. |
Consolidated Balance Sheets (Pa
Consolidated Balance Sheets (Parenthetical) - USD ($) | Mar. 31, 2024 | Dec. 31, 2023 | ||
Investment, cost | $ 1,062,538,000 | [1] | $ 1,038,318,000 | [2] |
Deferred financing costs, accumulated amortization | $ 4,865,000 | $ 4,168,000 | ||
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 | ||
Common stock, shares authorized (in shares) | 450,000,000 | 450,000,000 | ||
Common stock, shares issued (in shares) | 80,112,588 | 80,108,865 | ||
Common stock, shares outstanding (in shares) | 80,112,588 | 80,108,865 | ||
Unsecured Debt | Series A Notes due 2026 | ||||
Debt instrument, par value | $ 150,000,000 | $ 150,000,000 | ||
Control investments | ||||
Investment, cost | 42,737,000 | [1],[3] | 43,159,000 | [2],[4] |
Affiliate investments | ||||
Investment, cost | 229,447,000 | [1],[5] | 231,378,000 | [2],[6] |
Non‑Control/Non‑Affiliate investments | ||||
Investment, cost | $ 790,354,000 | [1],[7] | $ 763,781,000 | [2],[8] |
[1] 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. 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. Control investments are defined by the 1940 Act as investments in which more than 25% of the voting securities are owned or where the ability to nominate greater than 50% of the board representation is maintained. Control investments are defined by the 1940 Act as investments in which more than 25% of the voting securities are owned or where the ability to nominate greater than 50% of the board representation is maintained. Affiliate investments are defined by the 1940 Act as investments in which between 5% and 25% (inclusive) of the voting securities are owned and the investments are not classified as Control investments. Affiliate investments are defined by the 1940 Act as investments in which between 5% and 25% (inclusive) of the voting securities are owned and the investments are not classified as Control investments. Non-Control/Non-Affiliate investments are defined by the 1940 Act as investments that are neither Control investments nor Affiliate investments. Non-Control/Non-Affiliate investments are defined by the 1940 Act as investments that are neither Control investments nor Affiliate investments. |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
INVESTMENT INCOME: | ||
Interest, fee and dividend income | $ 33,950 | $ 31,046 |
EXPENSES: | ||
Interest | (9,549) | (8,334) |
Base management fees | (5,028) | (4,855) |
Incentive fees | (3,637) | (2,720) |
Internal administrative services expenses | (2,267) | (2,038) |
General and administrative | (1,034) | (880) |
Total expenses before expense waivers | (21,515) | (18,827) |
Waiver of internal administrative services expenses | 2,111 | 1,889 |
Total expenses, net of expense waivers | (19,404) | (16,938) |
NET INVESTMENT INCOME | 14,546 | 14,108 |
NET REALIZED GAIN (LOSS): | ||
Total net realized gain (loss) | (1,884) | 3,432 |
NET UNREALIZED APPRECIATION (DEPRECIATION): | ||
Total net unrealized depreciation | (1,133) | (4,139) |
INCOME TAXES: | ||
Federal and state income, excise and other taxes | (329) | (310) |
Deferred taxes | (611) | (860) |
Income tax provision | (940) | (1,170) |
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS | $ 10,589 | $ 12,231 |
NET INVESTMENT INCOME PER SHARE— BASIC (in dollars per share) | $ 0.18 | $ 0.18 |
NET INVESTMENT INCOME PER SHARE— DILUTED (in dollars per share) | 0.18 | 0.18 |
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARE—BASIC (in dollars per share) | 0.13 | 0.15 |
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS PER SHARED—DILUTED (in dollars per share) | $ 0.13 | $ 0.15 |
WEIGHTED AVERAGE SHARES OUTSTANDING-BASIC (in shares) | 80,258,792 | 80,135,988 |
WEIGHTED AVERAGE SHARES OUTSTANDING-DITUTED (in shares) | 80,258,792 | 80,135,988 |
Control investments | ||
INVESTMENT INCOME: | ||
Interest, fee and dividend income | $ 811 | $ 809 |
NET REALIZED GAIN (LOSS): | ||
Total net realized gain (loss) | 10 | 631 |
NET UNREALIZED APPRECIATION (DEPRECIATION): | ||
Total net unrealized depreciation | 422 | (686) |
Affiliate investments | ||
INVESTMENT INCOME: | ||
Interest, fee and dividend income | 6,929 | 7,894 |
NET REALIZED GAIN (LOSS): | ||
Total net realized gain (loss) | 0 | 1,637 |
NET UNREALIZED APPRECIATION (DEPRECIATION): | ||
Total net unrealized depreciation | (19) | 1,321 |
Non‑Control/Non‑Affiliate investments | ||
INVESTMENT INCOME: | ||
Interest, fee and dividend income | 26,210 | 22,343 |
NET REALIZED GAIN (LOSS): | ||
Total net realized gain (loss) | (1,894) | 1,164 |
NET UNREALIZED APPRECIATION (DEPRECIATION): | ||
Total net unrealized depreciation | $ (1,536) | $ (4,774) |
Consolidated Statements of Chan
Consolidated Statements of Changes in Net Assets - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||
Balance at beginning of period (in shares) | 80,108,865 | |
Balance at beginning of period | $ 622,307 | $ 609,665 |
Issuance of common stock | $ 2,500 | |
Dividend reinvestment (in shares) | 564,969 | 564,377 |
Dividend reinvestment | $ 4,493 | $ 4,414 |
Common stock repurchased | (6,547) | (3,985) |
Net increase resulting from operations | 10,589 | 12,231 |
Dividends to stockholders | $ (14,821) | (14,026) |
Balance at ending of period (in shares) | 80,112,588 | |
Balance at ending of period | $ 618,521 | $ 608,299 |
Common Stock | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||
Balance at beginning of period (in shares) | 80,108,865 | 80,105,999 |
Balance at beginning of period | $ 80 | $ 80 |
Issuance of common stock (in shares) | 314,070 | |
Dividend reinvestment (in shares) | 564,969 | 564,377 |
Dividend reinvestment | $ 1 | $ 1 |
Common stock repurchased (in shares) | (875,316) | (519,489) |
Common stock repurchased | $ (1) | $ (1) |
Balance at ending of period (in shares) | 80,112,588 | 80,150,887 |
Balance at ending of period | $ 80 | $ 80 |
Additional Paid-In Capital | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||
Balance at beginning of period | 686,136 | 684,165 |
Issuance of common stock | 2,500 | |
Dividend reinvestment | 4,492 | 4,413 |
Common stock repurchased | (6,546) | (3,984) |
Balance at ending of period | 686,582 | 684,594 |
Total Overdistributed Earnings | ||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||
Balance at beginning of period | (63,909) | (74,580) |
Net increase resulting from operations | 10,589 | 12,231 |
Dividends to stockholders | (14,821) | (14,026) |
Balance at ending of period | $ (68,141) | $ (76,375) |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net increase in net assets resulting from operations | $ 10,589 | $ 12,231 |
Adjustments to reconcile net increase in net assets resulting from operations to net cash provided by (used in) operating activities: | ||
Investments in portfolio companies | (75,728) | (24,971) |
Proceeds from sales and repayments of debt investments in portfolio companies | 49,378 | 23,663 |
Proceeds from sales and return of capital of equity investments in portfolio companies | 2,745 | 6,290 |
Net unrealized depreciation | 1,133 | 4,139 |
Net realized (gain) loss on portfolio investments | 1,884 | (3,432) |
Amortization of deferred financing costs | 772 | 376 |
Amortization of deferred offering costs | 0 | 66 |
Accretion of unearned income | (1,611) | (2,711) |
Payment-in-kind interest | (1,525) | (1,685) |
Cumulative dividends | (22) | (45) |
Deferred tax provision | 611 | 860 |
Changes in other assets and liabilities: | ||
Interest and dividend receivable | (1,283) | (749) |
Prepaid and other assets | (696) | 4 |
Management and incentive fees payable | (80) | 533 |
Interest payable | 2,145 | 2,279 |
Accounts payable and other liabilities | 119 | (398) |
Net cash provided by (used in) operating activities | (11,569) | 16,450 |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Issuance of common stock | 2,500 | 0 |
Redemption of common stock | (6,547) | (3,984) |
Payment of offering costs | 0 | (66) |
Dividends paid | (9,522) | (8,404) |
Proceeds from Credit Facilities | 82,000 | 13,000 |
Repayments on Credit Facilities | (63,000) | (11,000) |
Net cash provided by (used in) financing activities | 5,431 | (10,454) |
Net increase (decrease) in cash and cash equivalents | (6,138) | 5,996 |
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | 30,786 | 21,312 |
CASH AND CASH EQUIVALENTS AT END OF PERIOD | 24,648 | 27,308 |
Supplemental cash flow disclosures: | ||
Interest paid | 6,632 | 5,680 |
Taxes paid | 384 | 831 |
Non-cash financing activities: | ||
Dividends declared and unpaid | 14,821 | 14,026 |
Value of shares issued pursuant to the DRIP | $ 4,493 | $ 4,414 |
Consolidated Schedule of Invest
Consolidated Schedule of Investments - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 | Mar. 31, 2023 | Dec. 31, 2022 | |||
Schedule of Investments [Line Items] | |||||||
Cost | $ 1,062,538 | [1] | $ 1,038,318 | [2] | |||
Fair value | $ 1,115,982 | [3] | $ 1,092,895 | [4] | |||
Investment owned, percent of net assets (as a percent) | 180.40% | 175.60% | |||||
Money market funds | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | $ 13,593 | [1] | $ 20,844 | [2],[5] | |||
Fair value | 13,593 | [3] | 20,844 | [4],[5] | |||
Control investments | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 42,737 | [1],[6] | 43,159 | [2],[7] | |||
Fair value | $ 53,644 | [3],[6] | $ 53,644 | [4],[7] | $ 49,906 | $ 50,303 | |
Investment owned, percent of net assets (as a percent) | 7.60% | 8.60% | |||||
Affiliate investments | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | $ 229,447 | [1],[8] | $ 231,378 | [2],[9] | |||
Fair value | $ 289,329 | [3],[8] | $ 291,279 | [4],[9] | 270,841 | 277,000 | |
Investment owned, percent of net assets (as a percent) | 46.80% | 46.80% | |||||
Non‑Control/Non‑Affiliate investments | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | $ 790,354 | [1],[10] | $ 763,781 | [2],[11] | |||
Fair value | $ 773,009 | [3],[10] | $ 747,972 | [4],[11] | |||
Investment owned, percent of net assets (as a percent) | 125% | 120.20% | |||||
GRT Rubber Technologies LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | $ 27,424 | $ 27,411 | |||||
Fair value | 43,016 | 43,016 | |||||
Volusion, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 11,275 | 11,710 | |||||
Fair value | 4,010 | 4,010 | |||||
Analytical Systems Keco Holdings, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 2,547 | 2,560 | |||||
Fair value | 2,451 | 2,284 | |||||
Batjer TopCo, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 1,695 | 1,644 | |||||
Fair value | 1,935 | 1,885 | |||||
Brewer Crane Holdings, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 2,414 | 2,445 | |||||
Fair value | 2,773 | 2,774 | |||||
Centre Technologies Holdings, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 6,958 | 5,895 | |||||
Fair value | 8,534 | 7,154 | |||||
Chamberlin Holding LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 7,164 | 7,157 | |||||
Fair value | 12,045 | 11,950 | |||||
Clad-Rex Steel, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 4,333 | 4,338 | |||||
Fair value | 3,596 | 3,936 | |||||
Cody Pools, Inc. | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 9,053 | 9,166 | |||||
Fair value | 25,546 | 25,231 | |||||
Colonial Electric Company LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 7,122 | 7,608 | |||||
Fair value | 7,642 | 7,927 | |||||
Compass Systems & Sales, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 6,045 | 6,038 | |||||
Fair value | 6,045 | 6,038 | |||||
Datacom, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 1,229 | 1,226 | |||||
Fair value | 916 | 903 | |||||
Digital Products Holdings LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 5,707 | 6,064 | |||||
Fair value | 5,774 | 6,132 | |||||
Direct Marketing Solutions, Inc. | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 6,992 | 7,287 | |||||
Fair value | 9,978 | 10,399 | |||||
Gamber-Johnson Holdings, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 17,375 | 17,759 | |||||
Fair value | 39,760 | 37,700 | |||||
GFG Group, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 3,532 | 3,529 | |||||
Fair value | 4,796 | 5,206 | |||||
Gulf Publishing Holdings, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 2,920 | 2,920 | |||||
Fair value | 951 | 1,191 | |||||
IG Investor, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 12,550 | 12,642 | |||||
Fair value | 12,550 | 12,642 | |||||
Integral Energy Services | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 17,047 | [12] | 18,586 | [13] | |||
Fair value | 15,679 | [12] | 16,772 | [13] | |||
Kickhaefer Manufacturing Company, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 9,191 | 9,192 | |||||
Fair value | 9,206 | 8,987 | |||||
MH Corbin Holding LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 3,930 | 3,950 | |||||
Fair value | 1,316 | 1,336 | |||||
Mystic Logistics Holdings, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 2,111 | 2,116 | |||||
Fair value | 8,034 | 8,034 | |||||
NexRev LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 4,892 | 4,488 | |||||
Fair value | 4,889 | 4,025 | |||||
NuStep, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 8,571 | 8,570 | |||||
Fair value | 9,346 | 9,105 | |||||
Oneliance, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 1,609 | 1,628 | |||||
Fair value | 1,609 | 1,621 | |||||
Orttech Holdings, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 7,936 | 7,950 | |||||
Fair value | 9,580 | 9,770 | |||||
Pinnacle TopCo, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 10,662 | 10,712 | |||||
Fair value | 10,662 | 10,712 | |||||
Robbins Bros. Jewelry, Inc. | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 4,924 | 4,969 | |||||
Fair value | 2,703 | 3,415 | |||||
SI East, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 18,905 | 18,897 | |||||
Fair value | 24,944 | 24,944 | |||||
Student Resource Center, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 5,425 | [12] | 5,426 | [13] | |||
Fair value | 1,925 | [12] | 3,543 | [13] | |||
Tedder Industries, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 6,877 | 6,877 | |||||
Fair value | 2,417 | 3,997 | |||||
Trantech Radiator Topco, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 3,119 | 3,138 | |||||
Fair value | 4,880 | 5,160 | |||||
VVS Holdco LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 9,997 | 9,986 | |||||
Fair value | 9,997 | 9,986 | |||||
AAC Holdings, Inc. | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 8,445 | [14] | 8,185 | [15] | |||
Fair value | 5,343 | [14] | 5,107 | [15] | |||
AB Centers Acquisition Corporation | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 5,257 | [12] | 4,008 | [13] | |||
Fair value | 5,415 | [12] | 4,157 | [13] | |||
Acumera, Inc. | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 11,748 | [12] | 11,817 | [13] | |||
Fair value | 11,930 | [12] | 12,004 | [13] | |||
Adams Publishing Group, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 3,395 | [12] | 3,463 | [13] | |||
Fair value | 3,270 | [12] | 3,398 | [13] | |||
American Health Staffing Group, Inc. | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 8,114 | [12] | 8,130 | [13] | |||
Fair value | 8,158 | [12] | 8,178 | [13] | |||
American Nuts, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 9,252 | [12] | 9,056 | [13] | |||
Fair value | 6,525 | [12] | 6,624 | [13] | |||
American Teleconferencing Services, Ltd. | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 13,826 | [14] | 13,826 | [15] | |||
Fair value | 341 | [14] | 635 | [15] | |||
ArborWorks, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 13,457 | [12] | 12,364 | [13] | |||
Fair value | 13,040 | [12] | 12,240 | [13] | |||
ATS Operating, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 1,974 | [12] | 1,972 | [13] | |||
Fair value | 2,000 | [12] | 1,990 | [13] | |||
AVEX Aviation Holdings, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 3,436 | [12] | 3,438 | [13] | |||
Fair value | 3,478 | [12] | 3,463 | [13] | |||
Berry Aviation, Inc. | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 293 | [12] | 0 | [13] | |||
Fair value | 1,999 | [12] | 2,760 | [13] | |||
Bettercloud, Inc. | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 8,545 | [12] | 8,401 | [13] | |||
Fair value | 8,224 | [12] | 7,980 | [13] | |||
Bluestem Brands, Inc. | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 7,976 | [14] | 6,451 | [15] | |||
Fair value | 6,867 | [14] | 6,264 | [15] | |||
Boccella Precast Products LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 644 | 644 | |||||
Fair value | 340 | 578 | |||||
Bond Brand Loyalty ULC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 8,273 | [12],[16],[17] | 8,284 | [13],[18],[19] | |||
Fair value | 8,355 | [12],[16],[17] | 8,374 | [13],[18],[19] | |||
BP Loenbro Holdings Inc. | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | [12] | 12,173 | |||||
Fair value | [12] | 12,173 | |||||
Brightwood Capital Fund Investments | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 10,928 | [16],[20] | 11,007 | [18],[21] | |||
Fair value | 10,061 | [16],[20] | 10,076 | [18],[21] | |||
Buca C, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 14,530 | 14,530 | |||||
Fair value | 8,096 | 8,218 | |||||
Burning Glass Intermediate Holding Company, Inc. | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 12,933 | [12] | 13,266 | [13] | |||
Fair value | 13,087 | [12] | 13,431 | [13] | |||
CAI Software LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 454 | 379 | |||||
Fair value | 454 | 379 | |||||
Career Team Holdings, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 2,665 | 2,781 | |||||
Fair value | 2,665 | 2,781 | |||||
CaseWorthy, Inc. | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 4,600 | [12] | 4,609 | [13] | |||
Fair value | 4,631 | [12] | 4,643 | [13] | |||
Channel Partners Intermediateco, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 4,074 | [12] | 4,116 | [13] | |||
Fair value | 3,931 | [12] | 4,018 | [13] | |||
Classic H&G Holdings, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 7,164 | 7,354 | |||||
Fair value | 10,129 | 9,959 | |||||
Computer Data Source, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 19,039 | [12] | 19,221 | [13] | |||
Fair value | 18,848 | [12] | 18,837 | [13] | |||
CQ Fluency, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 7,214 | [12] | 7,192 | [13] | |||
Fair value | 7,270 | [12] | 7,192 | [13] | |||
DMA Industries, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 6,133 | 6,128 | |||||
Fair value | 6,190 | 6,620 | |||||
DTE Enterprises, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 2,092 | [12] | 2,060 | [13] | |||
Fair value | 855 | [12] | 1,543 | [13] | |||
Dynamic Communities, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 4,041 | [12] | 3,919 | [13] | |||
Fair value | 3,953 | [12] | 3,831 | [13] | |||
Elgin AcquireCo, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 2,055 | 2,085 | |||||
Fair value | 2,078 | 2,108 | |||||
Engineering Research & Consulting, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 5,179 | [12] | 5,012 | [13] | |||
Fair value | 5,201 | [12] | 5,095 | [13] | |||
Escalent, Inc. | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 6,898 | [12] | 6,907 | [13] | |||
Fair value | 7,098 | [12] | 7,105 | [13] | |||
Event Holdco, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 4,041 | [12] | 3,965 | [13] | |||
Fair value | 4,009 | [12] | 3,916 | [13] | |||
Garyline, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 9,722 | [12] | 9,518 | [13] | |||
Fair value | 9,962 | [12] | 9,518 | [13] | |||
Hawk Ridge Systems, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 10,812 | 10,940 | |||||
Fair value | 14,813 | 14,838 | |||||
HDC/HW Intermediate Holdings | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 1,655 | [12] | 2,241 | [13] | |||
Fair value | 1,655 | [12] | 2,035 | [13] | |||
HEADLANDS OP-CO LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 6,793 | [12] | 6,802 | [13] | |||
Fair value | 6,890 | [12] | 6,906 | [13] | |||
IG Parent Corporation | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 8,094 | [14] | 8,108 | [15] | |||
Fair value | 8,187 | [14] | 8,208 | [15] | |||
Imaging Business Machines, L.L.C. | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 11,233 | [12] | 11,439 | [13] | |||
Fair value | 11,551 | [12] | 11,654 | [13] | |||
Infinity X1 Holdings, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 5,355 | 5,314 | |||||
Fair value | 5,355 | 5,314 | |||||
Infolinks Media Buyco, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 11,292 | [12] | 11,408 | [13] | |||
Fair value | 11,440 | [12] | 11,571 | [13] | |||
Insight Borrower Corporation | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 8,302 | [12] | 8,309 | [13] | |||
Fair value | 8,300 | [12] | 8,453 | [13] | |||
Inspire Aesthetics Management, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 8,320 | [12] | 8,327 | [13] | |||
Fair value | 8,071 | [12] | 8,235 | [13] | |||
Interface Security Systems, L.L.C | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 9,089 | [12] | 9,089 | [13] | |||
Fair value | 1,697 | [12] | 2,214 | [13] | |||
Invincible Boat Company, LLC. | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 16,861 | [12] | 17,267 | [13] | |||
Fair value | 16,718 | [12] | 17,024 | [13] | |||
Iron-Main Investments, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 12,062 | 12,095 | |||||
Fair value | 12,042 | 12,076 | |||||
Isagenix International, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 2,536 | [14] | 2,374 | [15] | |||
Fair value | 2,417 | [14] | 2,301 | [15] | |||
ITA Holdings Group, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 2,643 | 2,588 | |||||
Fair value | 2,643 | 2,588 | |||||
Jackmont Hospitality, Inc. | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 6,043 | [12] | 5,813 | [13] | |||
Fair value | 8,035 | [12] | 7,813 | [13] | |||
Joerns Healthcare, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 8,289 | [14] | 9,062 | [15] | |||
Fair value | 2,763 | [14] | 1,985 | [15] | |||
Johnson Downie Opco, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 3,049 | 3,045 | |||||
Fair value | 3,770 | 3,760 | |||||
JorVet Holdings, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 4,009 | 4,007 | |||||
Fair value | 4,009 | 4,007 | |||||
JTI Electrical & Mechanical, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 3,963 | [12] | 3,356 | [13] | |||
Fair value | 3,981 | [12] | 3,401 | [13] | |||
KMS, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 10,428 | [12] | 10,440 | [13] | |||
Fair value | 9,824 | [12] | 9,655 | [13] | |||
LL Management, Inc. | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 22,723 | [12] | 22,810 | [13] | |||
Fair value | 22,783 | [12] | 22,899 | [13] | |||
Mako Steel, LP | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 21,190 | [12] | 16,532 | [13] | |||
Fair value | 21,503 | [12] | 16,721 | [13] | |||
Metalforming Holdings, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 2,175 | 2,263 | |||||
Fair value | 2,251 | 2,260 | |||||
Microbe Formulas, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 2,628 | [12] | 2,626 | [13] | |||
Fair value | 2,665 | [12] | 2,665 | [13] | |||
Mini Melts of America, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 7,566 | [12] | 6,557 | [13] | |||
Fair value | 7,649 | [12] | 6,557 | [13] | |||
MonitorUS Holding, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 9,268 | [12],[16],[17] | 9,122 | [13],[18],[19] | |||
Fair value | 9,512 | [12],[16],[17] | 9,471 | [13],[18],[19] | |||
NinjaTrader, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 14,601 | [12] | 14,679 | [13] | |||
Fair value | 14,761 | [12] | 14,854 | [13] | |||
Power System Solutions | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 10,808 | [12] | 8,191 | [13] | |||
Fair value | 11,276 | [12] | 8,369 | [13] | |||
PrimeFlight Aviation Services | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 6,919 | [12] | 6,366 | [13] | |||
Fair value | 7,095 | [12] | 6,540 | [13] | |||
PTL US Bidco, Inc | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 1,590 | [12],[16],[17] | 1,896 | [13],[18],[19] | |||
Fair value | 1,620 | [12],[16],[17] | 1,916 | [13],[18],[19] | |||
Purge Rite, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 5,102 | [12] | 5,096 | [13] | |||
Fair value | 5,151 | [12] | 5,096 | [13] | |||
RA Outdoors LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 14,066 | [12] | 13,618 | [13] | |||
Fair value | 13,385 | [12] | 12,834 | [13] | |||
Richardson Sales Solutions | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 10,615 | [12] | 11,042 | [13] | |||
Fair value | 10,859 | [12] | 11,180 | [13] | |||
Roof Opco, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 8,303 | [12] | 8,290 | [13] | |||
Fair value | 8,238 | [12] | 8,224 | [13] | |||
Rug Doctor, LLC. | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 15,236 | [12] | 15,380 | [13] | |||
Fair value | 15,281 | [12] | 15,367 | [13] | |||
Slick Innovations, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 4,573 | 2,891 | |||||
Fair value | 5,180 | 3,460 | |||||
South Coast Terminals Holdings, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 2,865 | [12] | 3,038 | [13] | |||
Fair value | 2,894 | [12] | 3,072 | [13] | |||
SPAU Holdings, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 5,336 | [12] | 5,043 | [13] | |||
Fair value | 5,402 | [12] | 5,085 | [13] | |||
The Affiliati Network, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 3,418 | 3,538 | |||||
Fair value | 3,401 | 3,521 | |||||
Titan Meter Midco Corp. | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | [12] | 13,116 | |||||
Fair value | [12] | 13,116 | |||||
U.S. TelePacific Corp. | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 2,520 | [14] | 2,638 | [15] | |||
Fair value | 2,604 | [14] | 2,438 | [15] | |||
Urgent DSO LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 3,146 | ||||||
Fair value | 3,146 | ||||||
USA DeBusk LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 19,490 | [12] | 19,518 | [13] | |||
Fair value | 19,695 | [12] | 19,745 | [13] | |||
Wall Street Prep, Inc. | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 5,032 | [12] | 5,095 | [13] | |||
Fair value | 5,610 | [12] | 5,559 | [13] | |||
Watterson Brands, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 4,422 | [12] | 4,378 | [13] | |||
Fair value | 4,466 | [12] | 4,427 | [13] | |||
West Star Aviation Acquisition, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 5,191 | [12] | 5,199 | [13] | |||
Fair value | 5,536 | [12] | 5,469 | [13] | |||
Winter Services LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 24,220 | [12] | 16,752 | [13] | |||
Fair value | 24,303 | [12] | 16,986 | [13] | |||
World Micro Holdings, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 2,133 | 2,131 | |||||
Fair value | 2,133 | 2,131 | |||||
Xenon Arc, Inc. | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 3,479 | [12] | 3,479 | [13] | |||
Fair value | 3,531 | [12] | 3,540 | [13] | |||
Zips Car Wash, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | 2,949 | [12] | 2,941 | [13] | |||
Fair value | $ 2,915 | [12] | 2,789 | [13] | |||
AMEREQUIP LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | [13] | 1,621 | |||||
Fair value | [13] | 1,638 | |||||
Industrial Services Acquisition, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | [13] | 14,725 | |||||
Fair value | [13] | 14,492 | |||||
MB2 Dental Solutions, LLC | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | [15] | 17,800 | |||||
Fair value | [15] | 17,988 | |||||
Paragon Healthcare, Inc. | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | [13] | 2,815 | |||||
Fair value | [13] | $ 2,863 | |||||
Investment, Identifier [Axis]: AAC Holdings, Inc., Common Stock | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 593,927 | [14] | 593,927 | [15] | |||
Cost | $ 3,148 | [14] | $ 3,148 | [15] | |||
Fair value | $ 0 | [14] | $ 0 | [15] | |||
Investment, Identifier [Axis]: AAC Holdings, Inc., Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 18% | [14] | 18% | [15] | |||
PIK Rate | 18% | [14] | 18% | [15] | |||
Principal | $ 157 | [14] | $ 151 | [15] | |||
Cost | 156 | [14] | 149 | [15] | |||
Fair value | $ 156 | [14] | $ 149 | [15] | |||
Investment, Identifier [Axis]: AAC Holdings, Inc., Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 18% | [14] | 18% | [15] | |||
PIK Rate | 18% | [14] | 18% | [15] | |||
Principal | $ 5,246 | [14] | $ 5,014 | [15] | |||
Cost | 5,141 | [14] | 4,888 | [15] | |||
Fair value | $ 5,187 | [14] | $ 4,958 | [15] | |||
Investment, Identifier [Axis]: AAC Holdings, Inc., Warrants | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 197,717 | [14],[22] | 197,717 | [15],[23] | |||
Cost | $ 0 | [14],[22] | $ 0 | [15],[23] | |||
Fair value | $ 0 | [14],[22] | $ 0 | [15],[23] | |||
Investment, Identifier [Axis]: AB Centers Acquisition Corporation, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Spread (as a percent) | 5% | [12],[24],[25] | 5% | [13],[26],[27] | |||
Principal | $ 0 | [12],[24],[25] | $ 0 | [13],[26],[27] | |||
Cost | (19) | [12],[24],[25] | (20) | [13],[26],[27] | |||
Fair value | $ 0 | [12],[24],[25] | $ 0 | [13],[26],[27] | |||
Investment, Identifier [Axis]: AB Centers Acquisition Corporation, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.43% | [12],[25],[28] | 11.43% | [13],[27] | |||
Spread (as a percent) | 6% | [12],[25],[28] | 6% | [13],[27] | |||
Principal | $ 2,347 | [12],[25],[28] | $ 1,081 | [13],[27] | |||
Cost | 2,315 | [12],[25],[28] | 1,066 | [13],[27] | |||
Fair value | $ 2,347 | [12],[25],[28] | $ 1,081 | [13],[27] | |||
Investment, Identifier [Axis]: AB Centers Acquisition Corporation, Secured Debt 3 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.43% | [12],[25] | 11.43% | [13],[27] | |||
Spread (as a percent) | 6% | [12],[25] | 6% | [13],[27] | |||
Principal | $ 2,298 | [12],[25] | $ 2,304 | [13],[27] | |||
Cost | 2,218 | [12],[25] | 2,219 | [13],[27] | |||
Fair value | $ 2,298 | [12],[25] | $ 2,304 | [13],[27] | |||
Investment, Identifier [Axis]: AB Centers Acquisition Corporation, Secured Debt 4 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.43% | [12],[25] | 11.43% | [13],[27] | |||
Spread (as a percent) | 6% | [12],[25] | 6% | [13],[27] | |||
Principal | $ 770 | [12],[25] | $ 772 | [13],[27] | |||
Cost | 743 | [12],[25] | 743 | [13],[27] | |||
Fair value | $ 770 | [12],[25] | $ 772 | [13],[27] | |||
Investment, Identifier [Axis]: ADS Tactical, Inc., Secured Debt | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.19% | [14],[25] | 11.22% | [15],[27] | |||
Spread (as a percent) | 5.75% | [14],[25] | 5.75% | [15],[27] | |||
Principal | $ 2,813 | [14],[25] | $ 4,250 | [15],[27] | |||
Cost | 2,788 | [14],[25] | 4,210 | [15],[27] | |||
Fair value | $ 2,828 | [14],[25] | $ 4,214 | [15],[27] | |||
Investment, Identifier [Axis]: AFG Capital Group, LLC, Preferred Member Units | |||||||
Schedule of Investments [Line Items] | |||||||
Fair value | $ 2,350 | 2,350 | |||||
Investment, Identifier [Axis]: AMEREQUIP LLC, Common Stock | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 11 | [12],[29] | 11 | [13],[30] | |||
Cost | $ 83 | [12],[29] | $ 83 | [13],[30] | |||
Fair value | $ 100 | [12],[29] | $ 100 | [13],[30] | |||
Investment, Identifier [Axis]: AMEREQUIP LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Spread (as a percent) | [13],[26],[27] | 7.40% | |||||
Principal | [13],[26],[27] | $ 0 | |||||
Cost | [13],[26],[27] | 0 | |||||
Fair value | [13],[26],[27] | $ 0 | |||||
Investment, Identifier [Axis]: AMEREQUIP LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | [13],[27] | 12.76% | |||||
Spread (as a percent) | [13],[27] | 7.40% | |||||
Principal | [13],[27] | $ 1,538 | |||||
Cost | [13],[27] | 1,538 | |||||
Fair value | [13],[27] | $ 1,538 | |||||
Investment, Identifier [Axis]: ASK (Analytical Systems Keco Holdings, LLC), Preferred Member Units 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 14.13% | ||||||
Fair value | $ 0 | 0 | |||||
Investment, Identifier [Axis]: ASK (Analytical Systems Keco Holdings, LLC), Preferred Member Units 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Fair value | $ 900 | 880 | |||||
Investment, Identifier [Axis]: ASK (Analytical Systems Keco Holdings, LLC), Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Spread (as a percent) | 10% | ||||||
Fair value | $ (2) | (2) | |||||
Investment, Identifier [Axis]: ASK (Analytical Systems Keco Holdings, LLC), Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 14.75% | ||||||
Spread (as a percent) | 10% | ||||||
Fair value | $ 1,122 | 1,135 | |||||
Investment, Identifier [Axis]: ASK (Analytical Systems Keco Holdings, LLC), Warrants | |||||||
Schedule of Investments [Line Items] | |||||||
Fair value | 0 | 0 | |||||
Investment, Identifier [Axis]: ATS Operating, LLC, Common Stock | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 100,000 | [12] | 100,000 | [13] | |||
Cost | $ 100 | [12] | $ 100 | [13] | |||
Fair value | $ 100 | [12] | $ 90 | [13] | |||
Investment, Identifier [Axis]: ATS Operating, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.09% | [12],[25] | 12.16% | [13],[27] | |||
Spread (as a percent) | 6.50% | [12],[25] | 6.50% | [13],[27] | |||
Principal | $ 50 | [12],[25] | $ 50 | [13],[27] | |||
Cost | 50 | [12],[25] | 50 | [13],[27] | |||
Fair value | $ 50 | [12],[25] | $ 50 | [13],[27] | |||
Investment, Identifier [Axis]: ATS Operating, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.09% | [12],[25] | 11.16% | [13],[27] | |||
Spread (as a percent) | 5.50% | [12],[25] | 5.50% | [13],[27] | |||
Principal | $ 925 | [12],[25] | $ 925 | [13],[27] | |||
Cost | 912 | [12],[25] | 911 | [13],[27] | |||
Fair value | $ 925 | [12],[25] | $ 925 | [13],[27] | |||
Investment, Identifier [Axis]: ATS Operating, LLC, Secured Debt 3 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 13.09% | [12],[25] | 13.16% | [13],[27] | |||
Spread (as a percent) | 7.50% | [12],[25] | 7.50% | [13],[27] | |||
Principal | $ 925 | [12],[25] | $ 925 | [13],[27] | |||
Cost | 912 | [12],[25] | 911 | [13],[27] | |||
Fair value | $ 925 | [12],[25] | $ 925 | [13],[27] | |||
Investment, Identifier [Axis]: ATX Networks Corp., Common Stock | |||||||
Schedule of Investments [Line Items] | |||||||
Fair value | $ 0 | 3,290 | |||||
Investment, Identifier [Axis]: ATX Networks Corp., Secured Debt | |||||||
Schedule of Investments [Line Items] | |||||||
Spread (as a percent) | 7.50% | ||||||
Fair value | $ 0 | 6,368 | |||||
Investment, Identifier [Axis]: ATX Networks Corp., Unsecured Debt | |||||||
Schedule of Investments [Line Items] | |||||||
PIK Rate | 10% | ||||||
Fair value | $ 0 | 2,614 | |||||
Investment, Identifier [Axis]: AVEX Aviation Holdings, LLC, Common Equity | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 137 | [12],[29] | 137 | [13],[30] | |||
Cost | $ 134 | [12],[29] | $ 134 | [13],[30] | |||
Fair value | $ 124 | [12],[29] | $ 124 | [13],[30] | |||
Investment, Identifier [Axis]: AVEX Aviation Holdings, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Spread (as a percent) | 7.25% | [12],[24],[25] | 7.25% | [13],[26],[27] | |||
Principal | $ 0 | [12],[24],[25] | $ 0 | [13],[26],[27] | |||
Cost | (16) | [12],[24],[25] | (17) | [13],[26],[27] | |||
Fair value | $ (16) | [12],[24],[25] | $ (5) | [13],[26],[27] | |||
Investment, Identifier [Axis]: AVEX Aviation Holdings, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.71% | [12],[25] | 12.76% | [13],[27] | |||
Spread (as a percent) | 7.25% | [12],[25] | 7.25% | [13],[27] | |||
Principal | $ 3,408 | [12],[25] | $ 3,417 | [13],[27] | |||
Cost | 3,318 | [12],[25] | 3,321 | [13],[27] | |||
Fair value | $ 3,370 | [12],[25] | $ 3,344 | [13],[27] | |||
Investment, Identifier [Axis]: Acumera, Inc., Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Spread (as a percent) | 7% | [12],[24],[25] | 7.50% | [13],[26],[27] | |||
Principal | $ 0 | [12],[24],[25] | $ 0 | [13],[26],[27] | |||
Cost | (7) | [12],[24],[25] | (8) | [13],[26],[27] | |||
Fair value | $ (7) | [12],[24],[25] | $ (8) | [13],[26],[27] | |||
Investment, Identifier [Axis]: Acumera, Inc., Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.43% | [12],[25] | 12.98% | [13],[27] | |||
Spread (as a percent) | 7% | [12],[25] | 7.50% | [13],[27] | |||
Principal | $ 11,847 | [12],[25] | $ 11,922 | [13],[27] | |||
Cost | 11,755 | [12],[25] | 11,825 | [13],[27] | |||
Fair value | $ 11,847 | [12],[25] | $ 11,922 | [13],[27] | |||
Investment, Identifier [Axis]: Acumera, Inc., Warrants | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 14,953 | [12],[31] | 14,953 | [13],[32] | |||
Cost | $ 0 | [12],[31] | $ 0 | [13],[32] | |||
Fair value | $ 90 | [12],[31] | $ 90 | [13],[32] | |||
Investment, Identifier [Axis]: Adams Publishing Group, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11% | [12],[25],[33] | 11% | [13],[27],[34] | |||
Spread (as a percent) | 7% | [12],[25],[33] | 7% | [13],[27],[34] | |||
PIK Rate | 1% | [12],[25],[33] | 1% | [13],[27],[34] | |||
Principal | $ 938 | [12],[25],[33] | $ 936 | [13],[27],[34] | |||
Cost | 938 | [12],[25],[33] | 936 | [13],[27],[34] | |||
Fair value | $ 902 | [12],[25],[33] | $ 917 | [13],[27],[34] | |||
Investment, Identifier [Axis]: Adams Publishing Group, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11% | [12],[25],[33] | 11% | [13],[27],[34] | |||
Spread (as a percent) | 7% | [12],[25],[33] | 7% | [13],[27],[34] | |||
PIK Rate | 1% | [12],[25],[33] | 1% | [13],[27],[34] | |||
Principal | $ 2,462 | [12],[25],[33] | $ 2,531 | [13],[27],[34] | |||
Cost | 2,457 | [12],[25],[33] | 2,527 | [13],[27],[34] | |||
Fair value | $ 2,368 | [12],[25],[33] | $ 2,481 | [13],[27],[34] | |||
Investment, Identifier [Axis]: American Health Staffing Group, Inc., Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Spread (as a percent) | 5% | [12],[24],[25] | 5% | [13],[26],[27] | |||
Principal | $ 0 | [12],[24],[25] | $ 0 | [13],[26],[27] | |||
Cost | (9) | [12],[24],[25] | (10) | [13],[26],[27] | |||
Fair value | $ (9) | [12],[24],[25] | $ (10) | [13],[26],[27] | |||
Investment, Identifier [Axis]: American Health Staffing Group, Inc., Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.61% | [12],[25] | 13.50% | [13],[27] | |||
Spread (as a percent) | 6% | [12],[25] | 5% | [13],[27] | |||
Principal | $ 8,167 | [12],[25] | $ 8,188 | [13],[27] | |||
Cost | 8,123 | [12],[25] | 8,140 | [13],[27] | |||
Fair value | $ 8,167 | [12],[25] | $ 8,188 | [13],[27] | |||
Investment, Identifier [Axis]: American Nuts, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 15.23% | [12],[25] | 15.29% | [13],[27] | |||
Spread (as a percent) | 9.75% | [12],[25] | 9.75% | [13],[27] | |||
PIK Rate | 15.23% | [12],[25] | 15.29% | [13],[27] | |||
Principal | $ 5,027 | [12],[25] | $ 4,833 | [13],[27] | |||
Cost | 5,008 | [12],[25] | 4,812 | [13],[27] | |||
Fair value | $ 4,051 | [12],[25] | $ 4,102 | [13],[27] | |||
Investment, Identifier [Axis]: American Nuts, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 17.23% | [12],[25],[35] | 15.29% | [13],[27] | |||
Spread (as a percent) | 11.75% | [12],[25],[35] | 9.75% | [13],[27] | |||
PIK Rate | 17.23% | [12],[25],[35] | 15.29% | [13],[27] | |||
Principal | $ 4,270 | [12],[25],[35] | $ 0 | [13],[27] | |||
Cost | 4,244 | [12],[25],[35] | 0 | [13],[27] | |||
Fair value | 2,474 | [12],[25],[35] | $ 0 | [13],[27] | |||
Investment, Identifier [Axis]: American Nuts, LLC, Secured Debt 3 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | [13],[27],[36] | 17.29% | |||||
Spread (as a percent) | [13],[27],[36] | 11.75% | |||||
PIK Rate | [13],[27],[36] | 17.29% | |||||
Principal | [13],[27],[36] | $ 4,270 | |||||
Cost | [13],[27],[36] | 4,244 | |||||
Fair value | [13],[27],[36] | $ 2,522 | |||||
Investment, Identifier [Axis]: American Nuts, LLC, Secured Debt 4 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | [13],[27],[36] | 17.29% | |||||
Spread (as a percent) | [13],[27],[36] | 11.75% | |||||
PIK Rate | [13],[27],[36] | 17.29% | |||||
Principal | [13],[27],[36] | $ 0 | |||||
Cost | [13],[27],[36] | 0 | |||||
Fair value | [13],[27],[36] | 0 | |||||
Investment, Identifier [Axis]: American Teleconferencing Services, Ltd., Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Principal | 2,425 | [14],[35],[37] | 2,425 | [15],[36],[38] | |||
Cost | 2,375 | [14],[35],[37] | 2,375 | [15],[36],[38] | |||
Fair value | 59 | [14],[35],[37] | 109 | [15],[36],[38] | |||
Investment, Identifier [Axis]: American Teleconferencing Services, Ltd., Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Principal | 11,693 | [14],[35],[37] | 11,693 | [15],[36],[38] | |||
Cost | 11,451 | [14],[35],[37] | 11,451 | [15],[36],[38] | |||
Fair value | $ 282 | [14],[35],[37] | $ 526 | [15],[36],[38] | |||
Investment, Identifier [Axis]: Analytical Systems Keco Holdings, LLC, Preferred Member Units 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 607 | 607 | |||||
Cost | $ 607 | $ 607 | |||||
Fair value | $ 1,390 | 1,210 | |||||
Investment, Identifier [Axis]: Analytical Systems Keco Holdings, LLC, Preferred Member Units 1.1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 14.13% | ||||||
Fair value | $ 0 | $ 0 | |||||
Investment, Identifier [Axis]: Analytical Systems Keco Holdings, LLC, Preferred Member Units 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 800 | 800 | |||||
Total Rate | 14.13% | 14.13% | |||||
Cost | $ 800 | $ 800 | |||||
Fair value | 0 | 0 | |||||
Investment, Identifier [Axis]: Analytical Systems Keco Holdings, LLC, Preferred Member Units 2.1 | |||||||
Schedule of Investments [Line Items] | |||||||
Fair value | $ 1,390 | $ 1,210 | |||||
Investment, Identifier [Axis]: Analytical Systems Keco Holdings, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 15.38% | [25] | 15.38% | [27] | |||
Spread (as a percent) | 10% | [25] | 10% | [27] | |||
Principal | $ 55 | [25] | $ 55 | [27] | |||
Cost | 54 | [25] | 54 | [27] | |||
Fair value | $ 54 | [25] | $ 54 | [27] | |||
Investment, Identifier [Axis]: Analytical Systems Keco Holdings, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 15.38% | [25] | 15.38% | [27] | |||
Spread (as a percent) | 10% | [25] | 10% | [27] | |||
Principal | $ 1,014 | [25] | $ 1,031 | [27] | |||
Cost | 1,007 | [25] | 1,020 | [27] | |||
Fair value | $ 1,007 | [25] | $ 1,020 | [27] | |||
Investment, Identifier [Axis]: Analytical Systems Keco Holdings, LLC, Warrants | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 105 | [22] | 105 | [23] | |||
Cost | $ 79 | [22] | $ 79 | [23] | |||
Fair value | $ 0 | [22] | $ 0 | [23] | |||
Investment, Identifier [Axis]: ArborWorks, LLC, Common Equity | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 2,070 | [12] | 2,070 | [13] | |||
Cost | $ 124 | [12] | $ 124 | [13] | |||
Fair value | $ 0 | [12] | $ 0 | [13] | |||
Investment, Identifier [Axis]: ArborWorks, LLC, Preferred Equity 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 17,265 | [12] | 17,265 | [13] | |||
Cost | $ 7,468 | [12] | $ 7,468 | [13] | |||
Fair value | $ 7,175 | [12] | $ 7,468 | [13] | |||
Investment, Identifier [Axis]: ArborWorks, LLC, Preferred Equity 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 17,265 | [12] | 17,265 | [13] | |||
Cost | $ 0 | [12] | $ 0 | [13] | |||
Fair value | $ 0 | [12] | $ 0 | [13] | |||
Investment, Identifier [Axis]: ArborWorks, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 15% | [12] | 15% | [13] | |||
PIK Rate | 15% | [12] | 15% | [13] | |||
Principal | $ 1,952 | [12] | $ 1,007 | [13] | |||
Cost | 1,952 | [12] | 1,007 | [13] | |||
Fair value | $ 1,952 | [12] | $ 1,007 | [13] | |||
Investment, Identifier [Axis]: ArborWorks, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.94% | [12],[25] | 12.04% | [13],[27] | |||
Spread (as a percent) | 6.50% | [12],[25] | 6.50% | [13],[27] | |||
PIK Rate | 12.04% | [12],[25] | 12.04% | [13],[27] | |||
Principal | $ 3,913 | [12],[25] | $ 3,765 | [13],[27] | |||
Cost | 3,913 | [12],[25] | 3,765 | [13],[27] | |||
Fair value | $ 3,913 | [12],[25] | $ 3,765 | [13],[27] | |||
Investment, Identifier [Axis]: Archer Systems, LLC, Common Stock | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 62,402 | [12] | 62,402 | [13] | |||
Cost | $ 62 | [12] | $ 62 | [13] | |||
Fair value | $ 90 | [12] | $ 100 | [13] | |||
Investment, Identifier [Axis]: BP Loenbro Holdings Inc., Common Equity | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | [12] | 1,000,000 | |||||
Cost | [12] | $ 1,000 | |||||
Fair value | [12] | $ 1,000 | |||||
Investment, Identifier [Axis]: BP Loenbro Holdings Inc., Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Spread (as a percent) | [12],[24],[25] | 6.25% | |||||
Principal | [12],[24],[25] | $ 0 | |||||
Cost | [12],[24],[25] | (25) | |||||
Fair value | [12],[24],[25] | $ (25) | |||||
Investment, Identifier [Axis]: BP Loenbro Holdings Inc., Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Spread (as a percent) | [12],[24],[25] | 6.25% | |||||
Principal | [12],[24],[25] | $ 0 | |||||
Cost | [12],[24],[25] | (12) | |||||
Fair value | [12],[24],[25] | $ (12) | |||||
Investment, Identifier [Axis]: BP Loenbro Holdings Inc., Secured Debt 3 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | [12],[25] | 11.66% | |||||
Spread (as a percent) | [12],[25] | 6.25% | |||||
Principal | [12],[25] | $ 11,431 | |||||
Cost | [12],[25] | 11,210 | |||||
Fair value | [12],[25] | $ 11,210 | |||||
Investment, Identifier [Axis]: Barfly Ventures, LLC, Member Units | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 12 | [12] | 12 | [13] | |||
Cost | $ 528 | [12] | $ 528 | [13] | |||
Fair value | $ 1,540 | [12] | $ 1,380 | [13] | 1,013 | 1,107 | |
Investment, Identifier [Axis]: Batjer TopCo, LLC, Preferred Stock | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 453 | [29] | 453 | [30] | |||
Cost | $ 455 | [29] | $ 455 | [30] | |||
Fair value | $ 680 | [29] | 680 | [30] | 680 | 455 | |
Investment, Identifier [Axis]: Batjer TopCo, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 10% | ||||||
Principal | $ 50 | 0 | [26] | ||||
Cost | 49 | (1) | [26] | ||||
Fair value | $ 50 | $ 0 | [26] | $ (1) | (1) | ||
Investment, Identifier [Axis]: Batjer TopCo, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 10% | 10% | 11% | ||||
Principal | $ 30 | $ 30 | |||||
Cost | 30 | 30 | |||||
Fair value | $ 30 | $ 30 | $ 1,157 | 1,205 | |||
Investment, Identifier [Axis]: Batjer TopCo, LLC, Secured Debt 3 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 10% | 10% | |||||
Principal | $ 1,175 | $ 1,175 | |||||
Cost | 1,161 | 1,160 | |||||
Fair value | $ 1,175 | $ 1,175 | |||||
Investment, Identifier [Axis]: Berry Aviation, Inc., Preferred Member Units 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 122,416 | [12],[39] | 122,416 | [13],[40] | |||
Cost | $ 0 | [12],[39] | $ 0 | [13],[40] | |||
Fair value | $ 70 | [12],[39] | $ 200 | [13],[40] | |||
Investment, Identifier [Axis]: Berry Aviation, Inc., Preferred Member Units 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 1,548,387 | [12],[29],[39] | 1,548,387 | [13],[30],[40] | |||
Cost | $ 0 | [12],[29],[39] | $ 0 | [13],[30],[40] | |||
Fair value | $ 880 | [12],[29],[39] | $ 2,560 | [13],[30],[40] | |||
Investment, Identifier [Axis]: Berry Aviation, Inc., Preferred Member Units 3 | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | [12] | 293,007 | |||||
Cost | [12] | $ 293 | |||||
Fair value | [12] | $ 1,049 | |||||
Investment, Identifier [Axis]: Bettercloud, Inc., Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Spread (as a percent) | 7.25% | [12],[24],[25] | 7.25% | [13],[26],[27] | |||
Principal | $ 0 | [12],[24],[25] | $ 0 | [13],[26],[27] | |||
Cost | (17) | [12],[24],[25] | (18) | [13],[26],[27] | |||
Fair value | $ (17) | [12],[24],[25] | $ (18) | [13],[26],[27] | |||
Investment, Identifier [Axis]: Bettercloud, Inc., Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.59% | [12],[25] | 12.64% | [13],[27] | |||
Spread (as a percent) | 7.25% | [12],[25] | 7.25% | [13],[27] | |||
PIK Rate | 6.25% | [12],[25] | 6.25% | [13],[27] | |||
Principal | $ 8,672 | [12],[25] | $ 8,535 | [13],[27] | |||
Cost | 8,562 | [12],[25] | 8,419 | [13],[27] | |||
Fair value | $ 8,241 | [12],[25] | $ 7,998 | [13],[27] | |||
Investment, Identifier [Axis]: Binswanger Enterprises, LLC, Member Units | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 1,050,000 | [12] | 1,050,000 | [13] | |||
Cost | $ 1,050 | [12] | $ 1,050 | [13] | |||
Fair value | $ 500 | [12] | $ 120 | [13] | |||
Investment, Identifier [Axis]: Bluestem Brands, Inc., Common Stock | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 700,446 | [14] | 700,446 | [15] | |||
Cost | $ 0 | [14] | $ 0 | [15] | |||
Fair value | $ 70 | [14] | $ 533 | [15] | |||
Investment, Identifier [Axis]: Bluestem Brands, Inc., Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 8.50% | [14],[24],[25] | 16% | [15],[27] | |||
Spread (as a percent) | [15],[27] | 7.50% | |||||
PIK Rate | [15],[27] | 15% | |||||
Principal | $ 0 | [14],[24],[25] | $ 2,035 | [15],[27] | |||
Cost | 0 | [14],[24],[25] | 2,035 | [15],[27] | |||
Fair value | $ 0 | [14],[24],[25] | $ 1,907 | [15],[27] | |||
Investment, Identifier [Axis]: Bluestem Brands, Inc., Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 16% | [14],[25] | 13.96% | [15],[27] | |||
Spread (as a percent) | 7.50% | [14],[25] | 8.50% | [15],[27] | |||
PIK Rate | 15% | [14],[25] | 12.96% | [15],[27] | |||
Principal | $ 3,334 | [14],[25] | $ 3,941 | [15],[27] | |||
Cost | 3,334 | [14],[25] | 3,305 | [15],[27] | |||
Fair value | $ 3,051 | [14],[25] | $ 3,695 | [15],[27] | |||
Investment, Identifier [Axis]: Bluestem Brands, Inc., Secured Debt 3 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | [14],[25] | 13.94% | |||||
Spread (as a percent) | [14],[25] | 8.50% | |||||
PIK Rate | [14],[25] | 12.94% | |||||
Principal | [14],[25] | $ 4,072 | |||||
Cost | [14],[25] | 3,531 | |||||
Fair value | [14],[25] | $ 3,726 | |||||
Investment, Identifier [Axis]: Bluestem Brands, Inc., Warrants | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 175,110 | [14],[22] | 175,110 | [15],[23] | |||
Cost | $ 1,111 | [14],[22] | $ 1,111 | [15],[23] | |||
Fair value | $ 20 | [14],[22] | $ 129 | [15],[23] | |||
Investment, Identifier [Axis]: Boccella Precast Products LLC, Member Units | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 540,000 | [29] | 540,000 | ||||
Cost | $ 564 | [29] | $ 564 | ||||
Fair value | $ 260 | [29] | $ 498 | ||||
Investment, Identifier [Axis]: Boccella Precast Products LLC, Secured Debt | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 10% | 10% | |||||
Principal | $ 80 | $ 80 | |||||
Cost | 80 | 80 | |||||
Fair value | $ 80 | $ 80 | |||||
Investment, Identifier [Axis]: Bond Brand Loyalty ULC, Common Equity | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 360 | [12],[16],[17] | 360 | [13],[18],[19] | |||
Cost | $ 0 | [12],[16],[17] | $ 0 | [13],[18],[19] | |||
Fair value | $ 0 | [12],[16],[17] | $ 0 | [13],[18],[19] | |||
Investment, Identifier [Axis]: Bond Brand Loyalty ULC, Preferred Equity | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 360 | [12],[16],[17] | 360 | [13],[18],[19] | |||
Cost | $ 360 | [12],[16],[17] | $ 360 | [13],[18],[19] | |||
Fair value | $ 310 | [12],[16],[17] | $ 310 | [13],[18],[19] | |||
Investment, Identifier [Axis]: Bond Brand Loyalty ULC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Spread (as a percent) | 7% | [12],[16],[17],[24],[25] | 7% | [13],[18],[19],[26],[27] | |||
Principal | $ 0 | [12],[16],[17],[24],[25] | $ 0 | [13],[18],[19],[26],[27] | |||
Cost | (15) | [12],[16],[17],[24],[25] | (16) | [13],[18],[19],[26],[27] | |||
Fair value | $ (15) | [12],[16],[17],[24],[25] | $ (16) | [13],[18],[19],[26],[27] | |||
Investment, Identifier [Axis]: Bond Brand Loyalty ULC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.48% | [12],[16],[17],[25] | 11.54% | [13],[18],[19],[27] | |||
Spread (as a percent) | 6% | [12],[16],[17],[25] | 6% | [13],[18],[19],[27] | |||
Principal | $ 4,030 | [12],[16],[17],[25] | $ 4,040 | [13],[18],[19],[27] | |||
Cost | 3,964 | [12],[16],[17],[25] | 3,970 | [13],[18],[19],[27] | |||
Fair value | $ 4,030 | [12],[16],[17],[25] | $ 4,040 | [13],[18],[19],[27] | |||
Investment, Identifier [Axis]: Bond Brand Loyalty ULC, Secured Debt 3 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 13.48% | [12],[16],[17],[25] | 13.54% | [13],[18],[19],[27] | |||
Spread (as a percent) | 8% | [12],[16],[17],[25] | 8% | [13],[18],[19],[27] | |||
Principal | $ 4,030 | [12],[16],[17],[25] | $ 4,040 | [13],[18],[19],[27] | |||
Cost | 3,964 | [12],[16],[17],[25] | 3,970 | [13],[18],[19],[27] | |||
Fair value | $ 4,030 | [12],[16],[17],[25] | $ 4,040 | [13],[18],[19],[27] | |||
Investment, Identifier [Axis]: Brewer Crane Holdings, LLC, Preferred Member Units | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 737 | [29] | 737 | [30] | |||
Cost | $ 1,070 | [29] | $ 1,070 | [30] | |||
Fair value | $ 1,430 | [29] | $ 1,400 | [30] | $ 1,640 | 1,770 | |
Investment, Identifier [Axis]: Brewer Crane Holdings, LLC, Secured Debt | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 15.48% | [25] | 15.46% | [27] | 14.66% | ||
Spread (as a percent) | 10% | [25] | 10% | [27] | 10% | ||
Principal | $ 1,344 | [25] | $ 1,375 | [27] | |||
Cost | 1,344 | [25] | 1,375 | [27] | |||
Fair value | $ 1,343 | [25] | $ 1,374 | [27] | $ 1,460 | 1,491 | |
Investment, Identifier [Axis]: Brightwood Capital Fund Investments, LP Interests (Brightwood Capital Fund III, LP) | |||||||
Schedule of Investments [Line Items] | |||||||
Units (as a percent) | 0.50% | [16],[20],[41] | 0.50% | [18],[21],[42] | |||
Principal | [18],[21],[42] | $ 2,270 | |||||
Cost | $ 2,191 | [16],[20],[41] | 2,270 | [18],[21],[42] | |||
Fair value | $ 1,345 | [16],[20],[41] | $ 1,360 | [18],[21],[42] | |||
Investment, Identifier [Axis]: Brightwood Capital Fund Investments, LP Interests (Brightwood Capital Fund IV, LP) | |||||||
Schedule of Investments [Line Items] | |||||||
Units (as a percent) | 1.20% | [16],[20],[29],[41] | 1.20% | [18],[21],[30],[42] | |||
Principal | [18],[21],[30],[42] | $ 8,737 | |||||
Cost | $ 8,737 | [16],[20],[29],[41] | 8,737 | [18],[21],[30],[42] | |||
Fair value | $ 8,716 | [16],[20],[29],[41] | $ 8,716 | [18],[21],[30],[42] | |||
Investment, Identifier [Axis]: Buca C, LLC, Preferred Member Units | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 4 | 4 | |||||
Total Rate | 6% | 6% | |||||
PIK Rate | 6% | 6% | |||||
Cost | $ 3,040 | $ 3,040 | |||||
Fair value | $ 0 | $ 0 | |||||
Investment, Identifier [Axis]: Buca C, LLC, Secured Debt | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12% | [37] | 12% | [38] | |||
Principal | $ 12,676 | [37] | $ 11,490 | [38] | |||
Cost | 11,490 | [37] | 11,490 | [38] | |||
Fair value | $ 8,096 | [37] | $ 8,218 | [38] | |||
Investment, Identifier [Axis]: Burning Glass Intermediate Holding Company, Inc., Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | [13],[27] | 10.46% | |||||
Spread (as a percent) | 5% | [12],[24],[25] | 5% | [13],[27] | |||
Principal | $ 0 | [12],[24],[25] | $ 310 | [13],[27] | |||
Cost | (12) | [12],[24],[25] | 296 | [13],[27] | |||
Fair value | $ 0 | [12],[24],[25] | $ 310 | [13],[27] | |||
Investment, Identifier [Axis]: Burning Glass Intermediate Holding Company, Inc., Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 10.43% | [12],[25] | 10.46% | [13],[27] | |||
Spread (as a percent) | 5% | [12],[25] | 5% | [13],[27] | |||
Principal | $ 13,087 | [12],[25] | $ 13,121 | [13],[27] | |||
Cost | 12,945 | [12],[25] | 12,970 | [13],[27] | |||
Fair value | $ 13,087 | [12],[25] | $ 13,121 | [13],[27] | |||
Investment, Identifier [Axis]: CAI Software LLC, Preferred Equity 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 454,344 | 379,338 | |||||
Cost | $ 454 | $ 379 | |||||
Fair value | $ 454 | $ 379 | |||||
Investment, Identifier [Axis]: CAI Software LLC, Preferred Equity 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 126,446 | 126,446 | |||||
Cost | $ 0 | $ 0 | |||||
Fair value | $ 0 | $ 0 | |||||
Investment, Identifier [Axis]: CQ Fluency, LLC, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Spread (as a percent) | [12],[24],[25] | 7% | |||||
Principal | [12],[24],[25] | $ 0 | |||||
Cost | [12],[24],[25] | (41) | |||||
Fair value | [12],[24],[25] | $ (41) | |||||
Investment, Identifier [Axis]: CQ Fluency, LLC, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Spread (as a percent) | [12],[24],[25] | 7% | |||||
Principal | [12],[24],[25] | $ 0 | |||||
Cost | [12],[24],[25] | (41) | |||||
Fair value | [12],[24],[25] | $ (41) | |||||
Investment, Identifier [Axis]: CQ Fluency, LLC, LLC, Secured Debt 3 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | [12],[25] | 12.41% | |||||
Spread (as a percent) | [12],[25] | 7% | |||||
Principal | [12],[25] | $ 7,500 | |||||
Cost | [12],[25] | 7,296 | |||||
Fair value | [12],[25] | $ 7,352 | |||||
Investment, Identifier [Axis]: CQ Fluency, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Spread (as a percent) | [13] | 7% | |||||
Principal | [13] | $ 0 | |||||
Cost | [13] | (44) | |||||
Fair value | [13] | $ (44) | |||||
Investment, Identifier [Axis]: CQ Fluency, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Spread (as a percent) | [13] | 7% | |||||
Principal | [13] | $ 0 | |||||
Cost | [13] | (44) | |||||
Fair value | [13] | $ (44) | |||||
Investment, Identifier [Axis]: CQ Fluency, LLC, Secured Debt 3 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | [13] | 12.45% | |||||
Spread (as a percent) | [13] | 7% | |||||
Principal | [13] | $ 7,500 | |||||
Cost | [13] | 7,280 | |||||
Fair value | [13] | $ 7,280 | |||||
Investment, Identifier [Axis]: Career Team Holdings, LLC, Common Stock | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 50,000 | 50,000 | |||||
Cost | $ 500 | $ 500 | |||||
Fair value | $ 500 | $ 500 | |||||
Investment, Identifier [Axis]: Career Team Holdings, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | [27] | 11.38% | |||||
Spread (as a percent) | 6% | [24],[25] | 6% | [27] | |||
Principal | $ 0 | [24],[25] | $ 100 | [27] | |||
Cost | (4) | [24],[25] | 96 | [27] | |||
Fair value | $ (4) | [24],[25] | $ 96 | [27] | |||
Investment, Identifier [Axis]: Career Team Holdings, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 13% | 13% | |||||
Principal | $ 2,205 | $ 2,225 | |||||
Cost | 2,169 | 2,185 | |||||
Fair value | $ 2,169 | $ 2,185 | |||||
Investment, Identifier [Axis]: CaseWorthy, Inc., Common Equity | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 80,000 | [12] | 80,000 | [13] | |||
Cost | $ 80 | [12] | $ 80 | [13] | |||
Fair value | $ 80 | [12] | $ 80 | [13] | |||
Investment, Identifier [Axis]: CaseWorthy, Inc., Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Spread (as a percent) | 6% | [12],[24],[25] | 6% | [13],[26],[27] | |||
Principal | $ 0 | [12],[24],[25] | $ 0 | [13],[26],[27] | |||
Cost | (3) | [12],[24],[25] | (3) | [13],[26],[27] | |||
Fair value | $ (3) | [12],[24],[25] | $ (3) | [13],[26],[27] | |||
Investment, Identifier [Axis]: CaseWorthy, Inc., Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.56% | [12],[25] | 11.61% | [13],[27] | |||
Spread (as a percent) | 6% | [12],[25] | 6% | [13],[27] | |||
Principal | $ 2,574 | [12],[25] | $ 2,581 | [13],[27] | |||
Cost | 2,556 | [12],[25] | 2,561 | [13],[27] | |||
Fair value | $ 2,574 | [12],[25] | $ 2,581 | [13],[27] | |||
Investment, Identifier [Axis]: CaseWorthy, Inc., Secured Debt 3 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.56% | [12],[25] | 11.61% | [13],[27] | |||
Spread (as a percent) | 6% | [12],[25] | 6% | [13],[27] | |||
Principal | $ 1,980 | [12],[25] | $ 1,985 | [13],[27] | |||
Cost | 1,967 | [12],[25] | 1,971 | [13],[27] | |||
Fair value | $ 1,980 | [12],[25] | $ 1,985 | [13],[27] | |||
Investment, Identifier [Axis]: Central Moloney, LLC., Secured Debt | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | [12],[25] | 12.05% | |||||
Spread (as a percent) | [12],[25] | 6.75% | |||||
Principal | [12],[25] | $ 15,000 | |||||
Cost | [12],[25] | 14,711 | |||||
Fair value | [12],[25] | $ 14,711 | |||||
Investment, Identifier [Axis]: Centre Technologies Holdings, LLC, Preferred Member Units | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 3,327 | 3,327 | |||||
Cost | $ 1,531 | $ 1,531 | |||||
Fair value | $ 3,040 | $ 2,760 | $ 2,320 | 2,170 | |||
Investment, Identifier [Axis]: Centre Technologies Holdings, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 14.48% | ||||||
Spread (as a percent) | 9% | [24],[25] | 9% | [26],[27] | 9% | ||
Principal | $ 0 | [24],[25] | $ 0 | [26],[27] | |||
Cost | 0 | [24],[25] | 0 | [26],[27] | |||
Fair value | $ 0 | [24],[25] | $ 0 | [26],[27] | $ 0 | 0 | |
Investment, Identifier [Axis]: Centre Technologies Holdings, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 14.48% | [25] | 14.48% | [27] | 13.75% | ||
Spread (as a percent) | 9% | [25] | 9% | [27] | 9% | ||
Principal | $ 5,494 | [25] | $ 4,394 | [27] | |||
Cost | 5,427 | [25] | 4,364 | [27] | |||
Fair value | $ 5,494 | [25] | 4,394 | [27] | $ 3,733 | 3,731 | |
Investment, Identifier [Axis]: Centre Technologies Holdings, LLC, Secured Debt 2.1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 14.48% | ||||||
Spread (as a percent) | 9% | ||||||
Fair value | $ 5,494 | 0 | |||||
Investment, Identifier [Axis]: Centre Technologies Holdings, LLC, Secured Debt 3 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 14.48% | ||||||
Spread (as a percent) | 9% | ||||||
Fair value | $ 0 | $ 4,394 | |||||
Investment, Identifier [Axis]: Chamberlin Holding LLC, Member Units 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 1,087 | [29] | 1,087 | [30] | |||
Cost | $ 2,860 | [29] | $ 2,860 | [30] | |||
Fair value | $ 7,390 | [29] | $ 7,330 | [30] | 5,700 | 5,728 | |
Investment, Identifier [Axis]: Chamberlin Holding LLC, Member Units 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 261,786 | [29],[39] | 261,786 | [30],[40] | |||
Cost | $ 443 | [29],[39] | $ 443 | [30],[40] | |||
Fair value | $ 750 | [29],[39] | $ 715 | [30],[40] | $ 708 | 678 | |
Investment, Identifier [Axis]: Chamberlin Holding LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.49% | ||||||
Spread (as a percent) | 6% | [24],[25] | 6% | [26],[27] | 6% | ||
Principal | $ 0 | [24],[25] | $ 0 | [26],[27] | |||
Cost | (42) | [24],[25] | (49) | [26],[27] | |||
Fair value | $ 0 | [24],[25] | $ 0 | [26],[27] | $ 0 | 0 | |
Investment, Identifier [Axis]: Chamberlin Holding LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 13.49% | [25] | 13.49% | [27] | 12.86% | ||
Spread (as a percent) | 8% | [25] | 8% | [27] | 8% | ||
Principal | $ 3,905 | [25] | $ 3,905 | [27] | |||
Cost | 3,903 | [25] | 3,903 | [27] | |||
Fair value | $ 3,905 | [25] | $ 3,905 | [27] | $ 4,236 | 4,236 | |
Investment, Identifier [Axis]: Channel Partners Intermediateco, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.56% | [12],[25],[43] | 12.60% | [13],[27],[44] | |||
Spread (as a percent) | 7% | [12],[25],[43] | 7% | [13],[27],[44] | |||
Principal | $ 152 | [12],[25],[43] | $ 190 | [13],[27],[44] | |||
Cost | 138 | [12],[25],[43] | 175 | [13],[27],[44] | |||
Fair value | $ 145 | [12],[25],[43] | $ 183 | [13],[27],[44] | |||
Investment, Identifier [Axis]: Channel Partners Intermediateco, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.58% | [12],[25] | 12.66% | [13],[27] | |||
Spread (as a percent) | 7% | [12],[25] | 7% | [13],[27] | |||
Principal | $ 3,351 | [12],[25] | $ 3,360 | [13],[27] | |||
Cost | 3,312 | [12],[25] | 3,317 | [13],[27] | |||
Fair value | $ 3,184 | [12],[25] | $ 3,224 | [13],[27] | |||
Investment, Identifier [Axis]: Channel Partners Intermediateco, LLC, Secured Debt 3 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.58% | [12],[25] | 12.66% | [13],[27] | |||
Spread (as a percent) | 7% | [12],[25] | 7% | [13],[27] | |||
Principal | $ 186 | [12],[25] | $ 186 | [13],[27] | |||
Cost | 184 | [12],[25] | 184 | [13],[27] | |||
Fair value | $ 176 | [12],[25] | $ 179 | [13],[27] | |||
Investment, Identifier [Axis]: Channel Partners Intermediateco, LLC, Secured Debt 4 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.58% | [12],[25] | 12.66% | [13],[27] | |||
Spread (as a percent) | 7% | [12],[25] | 7% | [13],[27] | |||
Principal | $ 449 | [12],[25] | $ 450 | [13],[27] | |||
Cost | 440 | [12],[25] | 440 | [13],[27] | |||
Fair value | $ 426 | [12],[25] | $ 432 | [13],[27] | |||
Investment, Identifier [Axis]: Charps, LLC, Preferred Member Units | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 457 | [29] | 457 | [30] | |||
Cost | $ 491 | [29] | $ 491 | [30] | |||
Fair value | $ 4,010 | [29] | $ 3,920 | [30] | 3,390 | 3,330 | |
Investment, Identifier [Axis]: Clad-Rex Steel, LLC, Member Units 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 179 | [29] | 179 | [30] | |||
Cost | $ 1,820 | [29] | $ 1,820 | [30] | |||
Fair value | $ 1,010 | [29] | $ 1,300 | [30] | 1,790 | 2,060 | |
Investment, Identifier [Axis]: Clad-Rex Steel, LLC, Member Units 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 200 | [39] | 200 | [40] | |||
Cost | $ 127 | [39] | $ 127 | [40] | |||
Fair value | $ 237 | [39] | $ 282 | [40] | $ 207 | 152 | |
Investment, Identifier [Axis]: Clad-Rex Steel, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12% | 11.50% | |||||
Spread (as a percent) | 9% | ||||||
Principal | $ 2,140 | $ 2,140 | |||||
Cost | 2,137 | 2,140 | |||||
Fair value | $ 2,100 | 2,103 | $ 0 | 0 | |||
Investment, Identifier [Axis]: Clad-Rex Steel, LLC, Secured Debt 1.1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12% | ||||||
Fair value | $ 0 | $ 0 | |||||
Investment, Identifier [Axis]: Clad-Rex Steel, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 10% | 10% | 13.79% | ||||
Spread (as a percent) | 9% | ||||||
Principal | $ 251 | $ 253 | |||||
Cost | 249 | 251 | |||||
Fair value | $ 249 | 251 | $ 2,500 | 2,620 | |||
Investment, Identifier [Axis]: Clad-Rex Steel, LLC, Secured Debt 2.1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12% | ||||||
Fair value | $ 2,100 | 2,103 | |||||
Investment, Identifier [Axis]: Clad-Rex Steel, LLC, Secured Debt 3 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 10% | 10% | |||||
Fair value | $ 249 | 251 | $ 258 | 260 | |||
Investment, Identifier [Axis]: Clarius BIGS, LLC, Secured Debt | |||||||
Schedule of Investments [Line Items] | |||||||
Principal | 2,694 | [12],[35],[37] | 2,694 | [13],[36],[38] | |||
Cost | 2,350 | [12],[35],[37] | 2,350 | [13],[36],[38] | |||
Fair value | $ 16 | [12],[35],[37] | $ 16 | [13],[36],[38] | |||
Investment, Identifier [Axis]: Classic H&G Holdings, LLC, Preferred Member Units | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 39 | [29] | 39 | [30] | |||
Cost | $ 1,440 | [29] | $ 1,440 | [30] | |||
Fair value | $ 4,370 | [29] | $ 4,000 | [30] | |||
Investment, Identifier [Axis]: Classic H&G Holdings, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.63% | [25] | 11.69% | [27] | |||
Spread (as a percent) | 6% | [25] | 6% | [27] | |||
Principal | $ 940 | [25] | $ 1,140 | [27] | |||
Cost | 934 | [25] | 1,133 | [27] | |||
Fair value | $ 940 | [25] | $ 1,140 | [27] | |||
Investment, Identifier [Axis]: Classic H&G Holdings, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 8% | 8% | |||||
Principal | $ 4,819 | $ 4,819 | |||||
Cost | 4,790 | 4,781 | |||||
Fair value | $ 4,819 | $ 4,819 | |||||
Investment, Identifier [Axis]: Cody Pools, Inc., Preferred Member Units | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 147 | [29],[39] | 147 | [30],[40] | |||
Cost | $ 2,079 | [29],[39] | $ 2,079 | [30],[40] | |||
Fair value | $ 18,550 | [29],[39] | 18,120 | [30],[40] | $ 14,790 | 14,550 | |
Investment, Identifier [Axis]: Cody Pools, Inc., Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.50% | 15.50% | |||||
Spread (as a percent) | 10.50% | ||||||
Principal | $ 0 | [24] | 0 | [26] | |||
Cost | (3) | [24] | (2) | [26] | |||
Fair value | $ 0 | [24] | $ 0 | [26] | $ 196 | 273 | |
Investment, Identifier [Axis]: Cody Pools, Inc., Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.50% | 12.50% | 15.50% | ||||
Spread (as a percent) | 10.50% | ||||||
Principal | $ 6,996 | $ 7,111 | |||||
Cost | 6,977 | 7,089 | |||||
Fair value | $ 6,996 | $ 7,111 | $ 6,806 | 6,882 | |||
Investment, Identifier [Axis]: Colonial Electric Company LLC, Preferred Member Units | |||||||
Schedule of Investments [Line Items] | |||||||
Fair value | 2,050 | 2,290 | |||||
Investment, Identifier [Axis]: Colonial Electric Company LLC, Preferred Member Units 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 240 | 240 | |||||
Cost | $ 240 | $ 240 | |||||
Fair value | $ 600 | $ 600 | |||||
Investment, Identifier [Axis]: Colonial Electric Company LLC, Preferred Member Units 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 4,320 | 4,320 | |||||
Cost | $ 1,920 | $ 1,920 | |||||
Fair value | $ 2,080 | 1,920 | |||||
Investment, Identifier [Axis]: Colonial Electric Company LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12% | ||||||
Principal | $ 0 | [24] | 0 | [26] | |||
Cost | 0 | [24] | 0 | [26] | |||
Fair value | $ 0 | [24] | $ 0 | [26] | $ 0 | 0 | |
Investment, Identifier [Axis]: Colonial Electric Company LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12% | 12% | 12% | ||||
Principal | $ 5,014 | $ 5,513 | |||||
Cost | 4,962 | 5,448 | |||||
Fair value | $ 4,962 | $ 5,407 | $ 5,659 | 5,729 | |||
Investment, Identifier [Axis]: Compass Systems & Sales, LLC, Preferred Equity | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 1,863 | 1,863 | |||||
Cost | $ 1,863 | $ 1,863 | |||||
Fair value | $ 1,863 | 1,863 | |||||
Investment, Identifier [Axis]: Compass Systems & Sales, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 13.50% | ||||||
Principal | $ 0 | [24] | 0 | [26] | |||
Cost | 0 | [24] | 0 | [26] | |||
Fair value | $ 0 | [24] | $ 0 | [26] | |||
Investment, Identifier [Axis]: Compass Systems & Sales, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 13.50% | 13.50% | |||||
Principal | $ 4,300 | $ 4,300 | |||||
Cost | 4,182 | 4,175 | |||||
Fair value | $ 4,182 | $ 4,175 | |||||
Investment, Identifier [Axis]: Computer Data Source, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 13.47% | [12],[25],[43] | 13.52% | [13],[27],[45] | |||
Spread (as a percent) | 8% | [12],[25],[43] | 8% | [13],[27],[45] | |||
Principal | $ 4,167 | [12],[25],[43] | $ 4,167 | [13],[27],[45] | |||
Cost | 4,065 | [12],[25],[43] | 4,123 | [13],[27],[45] | |||
Fair value | $ 4,072 | [12],[25],[43] | $ 4,040 | [13],[27],[45] | |||
Investment, Identifier [Axis]: Computer Data Source, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | [13],[27] | 13.52% | |||||
Spread (as a percent) | 8% | [12],[24],[25] | 8% | [13],[27] | |||
Principal | $ 0 | [12],[24],[25] | $ 15,260 | [13],[27] | |||
Cost | (139) | [12],[24],[25] | 15,098 | [13],[27] | |||
Fair value | $ (139) | [12],[24],[25] | $ 14,797 | [13],[27] | |||
Investment, Identifier [Axis]: Computer Data Source, LLC, Secured Debt 3 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | [12],[25] | 13.46% | |||||
Spread (as a percent) | [12],[25] | 8% | |||||
Principal | [12],[25] | $ 15,260 | |||||
Cost | [12],[25] | 15,113 | |||||
Fair value | [12],[25] | $ 14,915 | |||||
Investment, Identifier [Axis]: Construction Supply Investments, LLC, Member Units | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 861,618 | [12] | 861,618 | [13] | |||
Cost | $ 3,335 | [12] | $ 3,335 | [13] | |||
Fair value | $ 22,430 | [12] | $ 23,135 | [13] | |||
Investment, Identifier [Axis]: Copper Trail Fund Investments, LP Interests (CTMH, LP) | |||||||
Schedule of Investments [Line Items] | |||||||
Units (as a percent) | 38.80% | [16],[20],[29],[41] | 38.80% | [18],[21],[30],[42] | |||
Cost | $ 693 | [16],[20],[29],[41] | $ 693 | [18],[21],[30],[42] | |||
Fair value | $ 568 | [16],[20],[29],[41] | $ 568 | [18],[21],[30],[42] | 588 | 588 | |
Investment, Identifier [Axis]: DMA Industries, LLC, Preferred Equity | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 1,486 | 1,486 | |||||
Cost | $ 1,486 | $ 1,486 | |||||
Fair value | $ 1,490 | $ 1,920 | |||||
Investment, Identifier [Axis]: DMA Industries, LLC, Secured Debt | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12% | 12% | |||||
Principal | $ 4,700 | $ 4,700 | |||||
Cost | 4,647 | 4,642 | |||||
Fair value | $ 4,700 | $ 4,700 | |||||
Investment, Identifier [Axis]: DTE Enterprises, LLC, Class A Preferred Member Units | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 776,316 | [12] | 776,316 | [13] | |||
Total Rate | 8% | [12] | 8% | [13] | |||
PIK Rate | 8% | [12] | 8% | [13] | |||
Cost | $ 776 | [12] | $ 776 | [13] | |||
Fair value | $ 0 | [12] | $ 260 | [13] | |||
Investment, Identifier [Axis]: DTE Enterprises, LLC, Class AA Preferred Member Units (non-voting) | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 10% | [12],[29] | 10% | [13],[30] | |||
PIK Rate | 10% | [12],[29] | 10% | [13],[30] | |||
Cost | $ 1,316 | [12],[29] | $ 1,284 | [13],[30] | |||
Fair value | 855 | [12],[29] | $ 1,283 | [13],[30] | |||
Investment, Identifier [Axis]: Dalton US Inc., Common Stock | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | [13] | 37 | |||||
Cost | [13] | $ 52 | |||||
Fair value | [13] | $ 60 | |||||
Investment, Identifier [Axis]: Dalton US Inc., Secured Debt | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | [12] | 52 | |||||
Fair value | [12] | $ 60 | |||||
Investment, Identifier [Axis]: Datacom, LLC, Preferred Member Units | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 1,000 | 1,000 | |||||
Cost | $ 290 | $ 290 | |||||
Fair value | $ 20 | $ 10 | $ 300 | 300 | |||
Investment, Identifier [Axis]: Datacom, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 7.50% | 7.50% | 7.50% | ||||
Principal | $ 55 | $ 50 | |||||
Cost | 54 | 49 | |||||
Fair value | $ 54 | $ 49 | $ 50 | 25 | |||
Investment, Identifier [Axis]: Datacom, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 10% | 10% | 10% | ||||
Principal | $ 921 | $ 928 | |||||
Cost | 885 | 887 | |||||
Fair value | $ 842 | $ 844 | $ 864 | 865 | |||
Investment, Identifier [Axis]: Digital Products Holdings LLC, Preferred Member Units | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 964 | [29] | 964 | [30] | |||
Cost | $ 2,375 | [29] | $ 2,375 | [30] | |||
Fair value | $ 2,459 | [29] | $ 2,459 | [30] | $ 2,459 | 2,459 | |
Investment, Identifier [Axis]: Digital Products Holdings LLC, Secured Debt | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 15.38% | [25] | 15.38% | [27] | 14.75% | ||
Spread (as a percent) | 10% | [25] | 10% | [27] | 10% | ||
Principal | $ 3,355 | [25] | $ 3,718 | [27] | |||
Cost | 3,332 | [25] | 3,689 | [27] | |||
Fair value | $ 3,315 | [25] | $ 3,673 | [27] | $ 3,801 | 3,878 | |
Investment, Identifier [Axis]: Direct Marketing Solutions, Inc., Preferred Stock | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 2,100 | 2,100 | [30] | ||||
Cost | $ 2,100 | $ 2,100 | [30] | ||||
Fair value | $ 5,060 | $ 5,180 | [30] | 5,430 | 5,558 | ||
Investment, Identifier [Axis]: Direct Marketing Solutions, Inc., Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 14% | 14% | |||||
Principal | $ 0 | [24] | $ 217 | ||||
Cost | (3) | [24] | 213 | ||||
Fair value | $ 0 | [24] | $ 217 | $ 0 | 0 | ||
Investment, Identifier [Axis]: Direct Marketing Solutions, Inc., Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 14% | 14% | 14% | ||||
Principal | $ 4,918 | $ 5,002 | |||||
Cost | 4,895 | 4,974 | |||||
Fair value | $ 4,918 | $ 5,002 | $ 5,272 | 5,352 | |||
Investment, Identifier [Axis]: Dynamic Communities, LLC, Common Equity | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 1,250,000 | [12] | 1,250,000 | [13] | |||
Cost | $ 0 | [12] | $ 0 | [13] | |||
Fair value | $ 0 | [12] | $ 0 | [13] | |||
Investment, Identifier [Axis]: Dynamic Communities, LLC, Preferred Equity 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 125,000 | [12] | 125,000 | [13] | |||
Cost | $ 128 | [12] | $ 128 | [13] | |||
Fair value | $ 60 | [12] | $ 60 | [13] | |||
Investment, Identifier [Axis]: Dynamic Communities, LLC, Preferred Equity 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 2,376,241 | [12] | 2,376,241 | [13] | |||
Cost | $ 0 | [12] | $ 0 | [13] | |||
Fair value | $ 0 | [12] | $ 0 | [13] | |||
Investment, Identifier [Axis]: Dynamic Communities, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 10.43% | [12],[25] | 10.45% | [13],[27] | |||
Spread (as a percent) | 5% | [12],[25] | 5% | [13],[27] | |||
PIK Rate | 10.43% | [12],[25] | 10.45% | [13],[27] | |||
Principal | $ 2,125 | [12],[25] | $ 2,070 | [13],[27] | |||
Cost | 1,967 | [12],[25] | 1,912 | [13],[27] | |||
Fair value | $ 1,967 | [12],[25] | $ 1,912 | [13],[27] | |||
Investment, Identifier [Axis]: Dynamic Communities, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.43% | [12],[25] | 12.45% | [13],[27] | |||
Spread (as a percent) | 7% | [12],[25] | 7% | [13],[27] | |||
PIK Rate | 12.43% | [12],[25] | 12.45% | [13],[27] | |||
Principal | $ 2,179 | [12],[25] | $ 2,113 | [13],[27] | |||
Cost | 1,946 | [12],[25] | 1,879 | [13],[27] | |||
Fair value | $ 1,926 | [12],[25] | $ 1,859 | [13],[27] | |||
Investment, Identifier [Axis]: Elgin AcquireCo, LLC, Common Stock 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 19 | 19 | |||||
Cost | $ 374 | $ 374 | |||||
Fair value | $ 390 | $ 390 | |||||
Investment, Identifier [Axis]: Elgin AcquireCo, LLC, Common Stock 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 61 | [39] | 61 | [40] | |||
Cost | $ 102 | [39] | $ 102 | [40] | |||
Fair value | $ 109 | [39] | $ 109 | [40] | |||
Investment, Identifier [Axis]: Elgin AcquireCo, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Spread (as a percent) | 6% | [24],[25] | 6% | [26],[27] | |||
Principal | $ 0 | [24],[25] | $ 0 | [26],[27] | |||
Cost | 0 | [24],[25] | 0 | [26],[27] | |||
Fair value | $ 0 | [24],[25] | $ 0 | [26],[27] | |||
Investment, Identifier [Axis]: Elgin AcquireCo, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12% | 12% | |||||
Principal | $ 1,197 | $ 1,227 | |||||
Cost | 1,171 | 1,200 | |||||
Fair value | $ 1,171 | $ 1,200 | |||||
Investment, Identifier [Axis]: Elgin AcquireCo, LLC, Secured Debt 3 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 9% | 9% | |||||
Principal | $ 412 | $ 412 | |||||
Cost | 408 | 409 | |||||
Fair value | $ 408 | $ 409 | |||||
Investment, Identifier [Axis]: Emerald Technologies Acquisition Co, Inc., Secured Debt | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.74% | [14],[25] | 11.79% | [15],[27] | |||
Spread (as a percent) | 6.25% | [14],[25] | 6.25% | [15],[27] | |||
Principal | $ 2,375 | [14],[25] | $ 2,391 | [15],[27] | |||
Cost | 2,344 | [14],[25] | 2,357 | [15],[27] | |||
Fair value | $ 2,185 | [14],[25] | $ 2,175 | [15],[27] | |||
Investment, Identifier [Axis]: Engineering Research & Consulting, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | [12],[25],[43] | 13.75% | |||||
Spread (as a percent) | 5.25% | [12],[25],[43] | 5.50% | [13],[26],[27] | |||
Principal | $ 176 | [12],[25],[43] | $ 0 | [13],[26],[27] | |||
Cost | 165 | [12],[25],[43] | (11) | [13],[26],[27] | |||
Fair value | $ 176 | [12],[25],[43] | $ 0 | [13],[26],[27] | |||
Investment, Identifier [Axis]: Engineering Research & Consulting, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.66% | [12],[25] | 11.98% | [13],[27] | |||
Spread (as a percent) | 6.25% | [12],[25] | 6.50% | [13],[27] | |||
Principal | $ 5,082 | [12],[25] | $ 5,095 | [13],[27] | |||
Cost | 5,014 | [12],[25] | 5,023 | [13],[27] | |||
Fair value | $ 5,025 | [12],[25] | $ 5,095 | [13],[27] | |||
Investment, Identifier [Axis]: Escalent, Inc., Common Equity | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 170,998 | [12] | 170,998 | [13] | |||
Cost | $ 174 | [12] | $ 174 | [13] | |||
Fair value | $ 200 | [12] | $ 190 | [13] | |||
Investment, Identifier [Axis]: Escalent, Inc., Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Spread (as a percent) | 8% | [12],[24],[25] | 8% | [13],[26],[27] | |||
Principal | $ 0 | [12],[24],[25] | $ 0 | [13],[26],[27] | |||
Cost | (9) | [12],[24],[25] | (9) | [13],[26],[27] | |||
Fair value | $ (9) | [12],[24],[25] | $ (9) | [13],[26],[27] | |||
Investment, Identifier [Axis]: Escalent, Inc., Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 13.40% | [12],[25] | 13.45% | [13],[27] | |||
Spread (as a percent) | 8% | [12],[25] | 8% | [13],[27] | |||
Principal | $ 6,907 | [12],[25] | $ 6,924 | [13],[27] | |||
Cost | 6,733 | [12],[25] | 6,742 | [13],[27] | |||
Fair value | $ 6,907 | [12],[25] | $ 6,924 | [13],[27] | |||
Investment, Identifier [Axis]: Event Holdco, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 13.56% | [12],[25] | 12.61% | [13],[27] | |||
Spread (as a percent) | 8% | [12],[25] | 7% | [13],[27] | |||
Principal | $ 308 | [12],[25] | $ 308 | [13],[27] | |||
Cost | 306 | [12],[25] | 306 | [13],[27] | |||
Fair value | $ 304 | [12],[25] | $ 302 | [13],[27] | |||
Investment, Identifier [Axis]: Event Holdco, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 13.56% | [12],[25] | 12.61% | [13],[27] | |||
Spread (as a percent) | 8% | [12],[25] | 7% | [13],[27] | |||
PIK Rate | [12],[25] | 8% | |||||
Principal | $ 3,755 | [12],[25] | $ 3,681 | [13],[27] | |||
Cost | 3,735 | [12],[25] | 3,659 | [13],[27] | |||
Fair value | $ 3,705 | [12],[25] | $ 3,614 | [13],[27] | |||
Investment, Identifier [Axis]: Fidelity Government Portfolio Class III Fund | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 5.25% | ||||||
Cost | [46] | $ 3,188 | |||||
Fair value | [46] | $ 3,188 | |||||
Investment, Identifier [Axis]: First American Treasury Obligations Fund Class Z | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 5.17% | 5.23% | |||||
Cost | $ 13,593 | [47] | $ 17,656 | [48] | |||
Fair value | $ 13,593 | [47] | $ 17,656 | [48] | |||
Investment, Identifier [Axis]: Flame King Holdings, LLC, Preferred Equity | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 2,340 | [29] | 2,340 | [30] | |||
Cost | $ 2,600 | [29] | $ 2,600 | [30] | |||
Fair value | $ 6,970 | [29] | $ 6,970 | [30] | $ 5,300 | 4,400 | |
Investment, Identifier [Axis]: Flame King Holdings, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.25% | ||||||
Spread (as a percent) | 6.50% | ||||||
Fair value | $ 1,900 | 1,900 | |||||
Investment, Identifier [Axis]: Flame King Holdings, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 13.75% | ||||||
Spread (as a percent) | 9% | ||||||
Fair value | $ 5,300 | 5,300 | |||||
Investment, Identifier [Axis]: Flip Electronics LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | [12],[25] | 12.17% | |||||
Spread (as a percent) | [12],[25] | 6.75% | |||||
Principal | [12],[25] | $ 210 | |||||
Cost | [12],[25] | 138 | |||||
Fair value | [12],[25] | $ 208 | |||||
Investment, Identifier [Axis]: Flip Electronics LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | [12],[25] | 12.17% | |||||
Spread (as a percent) | [12],[25] | 6.75% | |||||
Principal | [12],[25] | $ 9,640 | |||||
Cost | [12],[25] | 9,374 | |||||
Fair value | [12],[25] | 9,544 | |||||
Investment, Identifier [Axis]: Flip Electronics LLC, Secured Debt 3 | |||||||
Schedule of Investments [Line Items] | |||||||
Cost | [12] | 210 | |||||
Fair value | [12] | $ 210 | |||||
Investment, Identifier [Axis]: Freeport Financial Funds, LP Interests (Freeport First Lien Loan Fund III LP) | |||||||
Schedule of Investments [Line Items] | |||||||
Units (as a percent) | 6% | [16],[20],[29],[41] | 6% | [18],[21],[30],[42] | |||
Principal | [18],[21],[30],[42] | $ 4,160 | |||||
Cost | $ 4,160 | [16],[20],[29],[41] | 4,160 | [18],[21],[30],[42] | |||
Fair value | $ 3,705 | [16],[20],[29],[41] | $ 3,705 | [18],[21],[30],[42] | 5,312 | 5,848 | |
Investment, Identifier [Axis]: GFG Group, LLC, Preferred Member Units | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 56 | [29] | 56 | [30] | |||
Cost | $ 1,225 | [29] | $ 1,225 | [30] | |||
Fair value | $ 2,460 | [29] | $ 2,870 | [30] | |||
Investment, Identifier [Axis]: GFG Group, LLC, Secured Debt | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 8% | 8% | |||||
Principal | $ 2,336 | $ 2,336 | |||||
Cost | 2,307 | 2,304 | |||||
Fair value | $ 2,336 | $ 2,336 | |||||
Investment, Identifier [Axis]: GFG Group, LLC., Preferred Member Units | |||||||
Schedule of Investments [Line Items] | |||||||
Fair value | $ 1,900 | 1,790 | |||||
Investment, Identifier [Axis]: GFG Group, LLC., Secured Debt | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 9% | ||||||
Fair value | $ 2,836 | 2,836 | |||||
Investment, Identifier [Axis]: GRT Rubber Technologies LLC, Member Units | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 2,896 | [29] | 2,896 | ||||
Cost | $ 6,435 | [29] | $ 6,435 | ||||
Fair value | $ 21,890 | [29] | $ 21,890 | $ 21,890 | 21,890 | ||
Investment, Identifier [Axis]: GRT Rubber Technologies LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.48% | 11.48% | 10.66% | ||||
Spread (as a percent) | 6% | 6% | 6% | ||||
Principal | $ 1,182 | $ 1,182 | |||||
Cost | 1,174 | 1,173 | |||||
Fair value | $ 1,182 | $ 1,182 | $ 475 | 330 | |||
Investment, Identifier [Axis]: GRT Rubber Technologies LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 13.48% | 13.48% | 12.66% | ||||
Spread (as a percent) | 8% | 8% | 8% | ||||
Principal | $ 19,944 | $ 19,944 | |||||
Cost | 19,815 | 19,803 | |||||
Fair value | $ 19,944 | $ 19,944 | $ 19,944 | 19,943 | |||
Investment, Identifier [Axis]: Gamber-Johnson Holdings, LLC, Member Units | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 2,261 | [29] | 2,261 | [30] | |||
Cost | $ 4,423 | [29] | $ 4,423 | [30] | |||
Fair value | $ 26,640 | [29] | $ 24,180 | [30] | $ 14,840 | 12,720 | |
Investment, Identifier [Axis]: Gamber-Johnson Holdings, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 10% | ||||||
Spread (as a percent) | 7% | [24],[25],[33] | 7.50% | [26],[27],[34] | 8.50% | ||
Principal | $ 0 | [24],[25],[33] | $ 0 | [26],[27],[34] | |||
Cost | 0 | [24],[25],[33] | 0 | [26],[27],[34] | |||
Fair value | $ 0 | [24],[25],[33] | $ 0 | [26],[27],[34] | $ 0 | 0 | |
Investment, Identifier [Axis]: Gamber-Johnson Holdings, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 10% | [25],[33] | 10.50% | [27],[34] | 11.50% | ||
Spread (as a percent) | 7% | [25],[33] | 7.50% | [27],[34] | 8.50% | ||
Principal | $ 13,120 | [25],[33] | $ 13,520 | [27],[34] | |||
Cost | 12,952 | [25],[33] | 13,336 | [27],[34] | |||
Fair value | $ 13,120 | [25],[33] | $ 13,520 | [27],[34] | $ 15,820 | 16,020 | |
Investment, Identifier [Axis]: Garyline, LLC, Common Equity | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | [13] | 210,084 | |||||
Cost | [13] | $ 210 | |||||
Fair value | [13] | $ 210 | |||||
Investment, Identifier [Axis]: Garyline, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Spread (as a percent) | [13],[26],[27] | 6.75% | |||||
Principal | [13],[26],[27] | $ 0 | |||||
Cost | [13],[26],[27] | (76) | |||||
Fair value | [13],[26],[27] | $ (76) | |||||
Investment, Identifier [Axis]: Garyline, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | [13],[27] | 12.22% | |||||
Spread (as a percent) | [13],[27] | 6.75% | |||||
Principal | [13],[27] | $ 9,664 | |||||
Cost | [13],[27] | 9,384 | |||||
Fair value | [13],[27] | $ 9,384 | |||||
Investment, Identifier [Axis]: Gulf Publishing Holdings, LLC, Member Units | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 920 | 920 | |||||
Cost | $ 920 | $ 920 | |||||
Fair value | $ 0 | $ 0 | 0 | 0 | |||
Investment, Identifier [Axis]: Gulf Publishing Holdings, LLC, Preferred Equity | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 15,930 | 15,930 | |||||
Cost | $ 1,400 | $ 1,400 | |||||
Fair value | $ 380 | $ 620 | $ 950 | 950 | |||
Investment, Identifier [Axis]: Gulf Publishing Holdings, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 14.98% | ||||||
Spread (as a percent) | 9.50% | [24],[25] | 9.50% | [26],[27] | 9.50% | ||
Principal | $ 0 | [24],[25] | $ 0 | [26],[27] | |||
Cost | 0 | [24],[25] | 0 | [26],[27] | |||
Fair value | $ 0 | [24],[25] | $ 0 | [26],[27] | $ 0 | 0 | |
Investment, Identifier [Axis]: Gulf Publishing Holdings, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.50% | 12.50% | 12.50% | ||||
Principal | $ 600 | $ 600 | |||||
Cost | 600 | 600 | |||||
Fair value | $ 571 | $ 571 | $ 571 | 571 | |||
Investment, Identifier [Axis]: HDC/HW Intermediate Holdings, Common Equity | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | [12] | 35,971 | |||||
Cost | [12] | $ 0 | |||||
Fair value | [12] | $ 0 | |||||
Investment, Identifier [Axis]: HDC/HW Intermediate Holdings, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 9.07% | [12],[25] | 14.34% | [13],[27],[38] | |||
Spread (as a percent) | 3.50% | [12],[25] | 9.50% | [13],[27],[38] | |||
PIK Rate | 2.50% | [12],[25] | 14.34% | [13],[27],[38] | |||
Principal | $ 1,335 | [12],[25] | $ 205 | [13],[27],[38] | |||
Cost | 1,254 | [12],[25] | 205 | [13],[27],[38] | |||
Fair value | $ 1,254 | [12],[25] | $ 186 | [13],[27],[38] | |||
Investment, Identifier [Axis]: HDC/HW Intermediate Holdings, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 2.50% | [12],[35] | 14.34% | [13],[27],[38] | |||
Spread (as a percent) | 2.50% | [12],[35] | 9.50% | [13],[27],[38] | |||
PIK Rate | 2.50% | [12],[35] | 14.34% | [13],[27],[38] | |||
Principal | $ 914 | [12],[35] | $ 2,036 | [13],[27],[38] | |||
Cost | 401 | [12],[35] | 2,036 | [13],[27],[38] | |||
Fair value | $ 401 | [12],[35] | $ 1,849 | [13],[27],[38] | |||
Investment, Identifier [Axis]: HEADLANDS OP-CO LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Spread (as a percent) | 6.50% | [12],[24],[25] | 6.50% | [13],[26],[27] | |||
Principal | $ 0 | [12],[24],[25] | $ 0 | [13],[26],[27] | |||
Cost | (13) | [12],[24],[25] | (14) | [13],[26],[27] | |||
Fair value | $ (13) | [12],[24],[25] | $ (14) | [13],[26],[27] | |||
Investment, Identifier [Axis]: HEADLANDS OP-CO LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.83% | [12],[25] | 11.86% | [13],[27] | |||
Spread (as a percent) | 6.50% | [12],[25] | 6.50% | [13],[27] | |||
Principal | $ 1,990 | [12],[25] | $ 1,995 | [13],[27] | |||
Cost | 1,959 | [12],[25] | 1,962 | [13],[27] | |||
Fair value | $ 1,990 | [12],[25] | $ 1,995 | [13],[27] | |||
Investment, Identifier [Axis]: HEADLANDS OP-CO LLC, Secured Debt 3 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.83% | [12],[25] | 11.86% | [13],[27] | |||
Spread (as a percent) | 6.50% | [12],[25] | 6.50% | [13],[27] | |||
Principal | $ 4,913 | [12],[25] | $ 4,925 | [13],[27] | |||
Cost | 4,847 | [12],[25] | 4,854 | [13],[27] | |||
Fair value | 4,913 | [12],[25] | 4,925 | [13],[27] | |||
Investment, Identifier [Axis]: HPEP 3, L.P., LP Interests (HPEP 3, L.P.) | |||||||
Schedule of Investments [Line Items] | |||||||
Fair value | $ 4,225 | $ 4,225 | 3,936 | 4,331 | |||
Investment, Identifier [Axis]: Harris Preston Fund Investments, LP Interests (2717 MH, L.P.) | |||||||
Schedule of Investments [Line Items] | |||||||
Units (as a percent) | 49.30% | [16],[20],[29],[41] | 49.30% | [18],[21],[30],[42] | |||
Cost | $ 3,345 | [16],[20],[29],[41] | $ 3,345 | [18],[21],[30],[42] | |||
Fair value | $ 6,050 | [16],[20],[29],[41] | $ 6,050 | [18],[21],[30],[42] | 7,009 | 7,552 | |
Investment, Identifier [Axis]: Harris Preston Fund Investments, LP Interests (HPEP 3, L.P.) | |||||||
Schedule of Investments [Line Items] | |||||||
Units (as a percent) | 8.20% | [16],[20],[29],[41] | 8.20% | [18],[21],[42] | |||
Principal | [18],[21],[42] | $ 2,296 | |||||
Cost | $ 2,296 | [16],[20],[29],[41] | 2,296 | [18],[21],[42] | |||
Fair value | $ 4,225 | [16],[20],[29],[41] | $ 4,225 | [18],[21],[42] | |||
Investment, Identifier [Axis]: Hawk Ridge Systems, LLC, Preferred Member Units 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 56 | [29] | 56 | ||||
Cost | $ 713 | [29] | $ 713 | ||||
Fair value | $ 4,470 | [29] | $ 4,370 | ||||
Investment, Identifier [Axis]: Hawk Ridge Systems, LLC, Preferred Member Units 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 56 | [39] | 56 | [40] | |||
Cost | $ 38 | [39] | $ 38 | [40] | |||
Fair value | $ 240 | [39] | $ 230 | [40] | |||
Investment, Identifier [Axis]: Hawk Ridge Systems, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.53% | [25] | 11.65% | [27] | |||
Spread (as a percent) | 6% | [25] | 6% | [27] | |||
Principal | $ 359 | [25] | $ 494 | [27] | |||
Cost | 358 | [25] | 492 | [27] | |||
Fair value | $ 359 | [25] | $ 494 | [27] | |||
Investment, Identifier [Axis]: Hawk Ridge Systems, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.50% | 12.50% | |||||
Principal | $ 9,744 | $ 9,744 | |||||
Cost | 9,703 | 9,697 | |||||
Fair value | $ 9,744 | $ 9,744 | |||||
Investment, Identifier [Axis]: Hybrid Promotions, LLC, Secured Debt | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 15.84% | [12],[25] | 15.91% | [13],[27] | |||
Spread (as a percent) | 8.25% | [12],[25] | 8.25% | [13],[27] | |||
PIK Rate | 2% | [12],[25] | 2% | [13],[27] | |||
Principal | $ 8,004 | [12],[25] | $ 7,964 | [13],[27] | |||
Cost | 7,869 | [12],[25] | 7,813 | [13],[27] | |||
Fair value | $ 7,840 | [12],[25] | $ 7,313 | [13],[27] | |||
Investment, Identifier [Axis]: IG Investor, LLC, Common Equity | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 3,600 | 3,600 | |||||
Cost | $ 3,600 | $ 3,600 | |||||
Fair value | $ 3,600 | 3,600 | |||||
Investment, Identifier [Axis]: IG Investor, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 13% | ||||||
Principal | $ 0 | [24] | 0 | [26] | |||
Cost | (25) | [24] | (27) | [26] | |||
Fair value | $ (25) | [24] | $ (27) | [26] | |||
Investment, Identifier [Axis]: IG Investor, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 13% | 13% | |||||
Principal | $ 9,206 | $ 9,316 | |||||
Cost | 8,975 | 9,069 | |||||
Fair value | $ 8,975 | $ 9,069 | |||||
Investment, Identifier [Axis]: IG Parent Corporation, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Spread (as a percent) | 5.75% | [14],[24],[25] | 5.75% | [15],[26],[27] | |||
Principal | $ 0 | [14],[24],[25] | $ 0 | [15],[26],[27] | |||
Cost | (12) | [14],[24],[25] | (13) | [15],[26],[27] | |||
Fair value | $ 0 | [14],[24],[25] | $ 0 | [15],[26],[27] | |||
Investment, Identifier [Axis]: IG Parent Corporation, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 10.93% | [14],[25] | 10.96% | [15],[27] | |||
Spread (as a percent) | 5.50% | [14],[25] | 5.50% | [15],[27] | |||
Principal | $ 6,250 | [14],[25] | $ 6,266 | [15],[27] | |||
Cost | 6,188 | [14],[25] | 6,200 | [15],[27] | |||
Fair value | $ 6,250 | [14],[25] | $ 6,266 | [15],[27] | |||
Investment, Identifier [Axis]: IG Parent Corporation, Secured Debt 3 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 10.93% | [14],[25] | 10.96% | [15],[27] | |||
Spread (as a percent) | 5.50% | [14],[25] | 5.50% | [15],[27] | |||
Principal | $ 1,937 | [14],[25] | $ 1,942 | [15],[27] | |||
Cost | 1,918 | [14],[25] | 1,921 | [15],[27] | |||
Fair value | $ 1,937 | [14],[25] | $ 1,942 | [15],[27] | |||
Investment, Identifier [Axis]: INW Manufacturing, LLC, Secured Debt | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.31% | [14],[25] | 11.36% | [15],[27] | |||
Spread (as a percent) | 5.75% | [14],[25] | 5.75% | [15],[27] | |||
Principal | $ 6,563 | [14],[25] | $ 6,656 | [15],[27] | |||
Cost | 6,452 | [14],[25] | 6,537 | [15],[27] | |||
Fair value | $ 5,250 | [14],[25] | $ 5,325 | [15],[27] | |||
Investment, Identifier [Axis]: ITA Holdings Group, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 16.53% | [25] | 16.59% | [27] | |||
Spread (as a percent) | 9% | [25] | 9% | [27] | |||
PIK Rate | 2% | [25] | 2% | [27] | |||
Principal | $ 208 | [25] | $ 207 | [27] | |||
Cost | 203 | [25] | 201 | [27] | |||
Fair value | $ 203 | [25] | $ 201 | [27] | |||
Investment, Identifier [Axis]: ITA Holdings Group, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 16.53% | [25] | 16.59% | [27] | |||
Spread (as a percent) | 9% | [25] | 9% | [27] | |||
PIK Rate | 2% | [25] | 2% | [27] | |||
Principal | $ 179 | [25] | $ 178 | [27] | |||
Cost | 175 | [25] | 174 | [27] | |||
Fair value | $ 175 | [25] | $ 174 | [27] | |||
Investment, Identifier [Axis]: ITA Holdings Group, LLC, Secured Debt 3 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 15.53% | [25] | 15.59% | [27] | |||
Spread (as a percent) | 8% | [25] | 8% | [27] | |||
PIK Rate | 2% | [25] | 2% | [27] | |||
Principal | $ 1,096 | [25] | $ 1,084 | [27] | |||
Cost | 871 | [25] | 842 | [27] | |||
Fair value | $ 871 | [25] | $ 842 | [27] | |||
Investment, Identifier [Axis]: ITA Holdings Group, LLC, Secured Debt 4 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 17.53% | [25] | 17.59% | [27] | |||
Spread (as a percent) | 10% | [25] | 10% | [27] | |||
PIK Rate | 2% | [25] | 2% | [27] | |||
Principal | $ 1,096 | [25] | $ 1,091 | [27] | |||
Cost | 871 | [25] | 848 | [27] | |||
Fair value | $ 871 | [25] | $ 848 | [27] | |||
Investment, Identifier [Axis]: ITA Holdings Group, LLC, Warrants | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 48,327 | [22] | 48,327 | [23] | |||
Cost | $ 523 | [22] | $ 523 | [23] | |||
Fair value | $ 523 | [22] | $ 523 | [23] | |||
Investment, Identifier [Axis]: Imaging Business Machines, L.L.C., Common Equity | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 422 | [12] | 422 | [13] | |||
Cost | $ 580 | [12] | $ 580 | [13] | |||
Fair value | $ 600 | [12] | $ 550 | [13] | |||
Investment, Identifier [Axis]: Imaging Business Machines, L.L.C., Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.27% | [12],[25],[43] | 12.41% | [13],[27],[49] | |||
Spread (as a percent) | 7% | [12],[25],[43] | 7% | [13],[27],[49] | |||
Principal | $ 593 | [12],[25],[43] | $ 791 | [13],[27],[49] | |||
Cost | 593 | [12],[25],[43] | 791 | [13],[27],[49] | |||
Fair value | $ 593 | [12],[25],[43] | $ 786 | [13],[27],[49] | |||
Investment, Identifier [Axis]: Imaging Business Machines, L.L.C., Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.25% | [12],[25] | 12.45% | [13],[27] | |||
Spread (as a percent) | 7% | [12],[25] | 7% | [13],[27] | |||
Principal | $ 10,358 | [12],[25] | $ 10,384 | [13],[27] | |||
Cost | 10,060 | [12],[25] | 10,068 | [13],[27] | |||
Fair value | $ 10,358 | [12],[25] | $ 10,318 | [13],[27] | |||
Investment, Identifier [Axis]: Implus Footcare, LLC, Secured Debt | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 14.21% | [12],[25] | 14.25% | [13],[27] | |||
Spread (as a percent) | 7.75% | [12],[25] | 7.75% | [13],[27] | |||
PIK Rate | 1% | [12],[25] | 1% | [13],[27] | |||
Principal | $ 17,042 | [12],[25] | $ 17,012 | [13],[27] | |||
Cost | 17,040 | [12],[25] | 17,010 | [13],[27] | |||
Fair value | $ 16,103 | [12],[25] | $ 15,816 | [13],[27] | |||
Investment, Identifier [Axis]: Independent Pet Partners Intermediate Holdings, LLC, Common Equity | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 6,436,566 | [12] | 6,436,566 | [13] | |||
Cost | $ 6,540 | [12] | $ 6,540 | [13] | |||
Fair value | $ 6,400 | [12] | $ 6,320 | [13] | |||
Investment, Identifier [Axis]: Industrial Services Acquisition, LLC, Member Units | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | [13],[40] | 2,100 | |||||
Cost | [13],[40] | $ 2,100 | |||||
Fair value | [13],[40] | $ 1,610 | |||||
Investment, Identifier [Axis]: Industrial Services Acquisition, LLC, Preferred Member Units 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | [13],[30],[40] | 336 | |||||
Total Rate | [13],[30],[40] | 10% | |||||
PIK Rate | [13],[30],[40] | 10% | |||||
Cost | [13],[30],[40] | $ 321 | |||||
Fair value | [13],[30],[40] | $ 415 | |||||
Investment, Identifier [Axis]: Industrial Services Acquisition, LLC, Preferred Member Units 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | [13],[30],[40] | 187 | |||||
Total Rate | [13],[30],[40] | 20% | |||||
PIK Rate | [13],[30],[40] | 20% | |||||
Cost | [13],[30],[40] | $ 240 | |||||
Fair value | [13],[30],[40] | $ 279 | |||||
Investment, Identifier [Axis]: Industrial Services Acquisition, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | [13],[27],[50] | 12.22% | |||||
Spread (as a percent) | [13],[27],[50] | 6.75% | |||||
Principal | [13],[27],[50] | $ 752 | |||||
Cost | [13],[27],[50] | 734 | |||||
Fair value | [13],[27],[50] | $ 752 | |||||
Investment, Identifier [Axis]: Industrial Services Acquisition, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | [13],[27] | 12.22% | |||||
Spread (as a percent) | [13],[27] | 6.75% | |||||
Principal | [13],[27] | $ 11,436 | |||||
Cost | [13],[27] | 11,330 | |||||
Fair value | [13],[27] | $ 11,436 | |||||
Investment, Identifier [Axis]: Infinity X1 Holdings, LLC, Preferred Equity | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 21,840 | [29] | 20,000 | ||||
Cost | $ 1,092 | [29] | $ 1,000 | ||||
Fair value | $ 1,092 | [29] | $ 1,000 | ||||
Investment, Identifier [Axis]: Infinity X1 Holdings, LLC, Secured Debt | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 13% | 13% | |||||
Principal | $ 4,331 | $ 4,388 | |||||
Cost | 4,263 | 4,314 | |||||
Fair value | $ 4,263 | $ 4,314 | |||||
Investment, Identifier [Axis]: Infolinks Media Buyco, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.18% | [12],[25] | 11.21% | [13],[27] | |||
Spread (as a percent) | 5.75% | [12],[25] | 5.75% | [13],[27] | |||
Principal | $ 1,876 | [12],[25] | $ 1,881 | [13],[27] | |||
Cost | 1,829 | [12],[25] | 1,829 | [13],[27] | |||
Fair value | $ 1,876 | [12],[25] | $ 1,881 | [13],[27] | |||
Investment, Identifier [Axis]: Infolinks Media Buyco, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.18% | [12],[25] | 11.21% | [13],[27] | |||
Spread (as a percent) | 5.75% | [12],[25] | 5.75% | [13],[27] | |||
Principal | $ 9,564 | [12],[25] | $ 9,690 | [13],[27] | |||
Cost | 9,463 | [12],[25] | 9,579 | [13],[27] | |||
Fair value | $ 9,564 | [12],[25] | $ 9,690 | [13],[27] | |||
Investment, Identifier [Axis]: Insight Borrower Corporation, Common Equity | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 47,847 | [12] | 47,847 | [13] | |||
Cost | $ 239 | [12] | $ 239 | [13] | |||
Fair value | $ 160 | [12] | $ 239 | [13] | |||
Investment, Identifier [Axis]: Insight Borrower Corporation, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Spread (as a percent) | 6.25% | [12],[24],[25] | 6.25% | [13],[26],[27] | |||
Principal | $ 0 | [12],[24],[25] | $ 0 | [13],[26],[27] | |||
Cost | (38) | [12],[24],[25] | (40) | [13],[26],[27] | |||
Fair value | $ (38) | [12],[24],[25] | $ (40) | [13],[26],[27] | |||
Investment, Identifier [Axis]: Insight Borrower Corporation, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Spread (as a percent) | 6.25% | [12],[24],[25] | 6.25% | [13],[26],[27] | |||
Principal | $ 0 | [12],[24],[25] | $ 0 | [13],[26],[27] | |||
Cost | (31) | [12],[24],[25] | (33) | [13],[26],[27] | |||
Fair value | $ (31) | [12],[24],[25] | $ (33) | [13],[26],[27] | |||
Investment, Identifier [Axis]: Insight Borrower Corporation, Secured Debt 3 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.56% | [12],[25] | 11.65% | [13],[27] | |||
Spread (as a percent) | 6.25% | [12],[25] | 6.25% | [13],[27] | |||
Principal | $ 8,352 | [12],[25] | $ 8,373 | [13],[27] | |||
Cost | 8,132 | [12],[25] | 8,143 | [13],[27] | |||
Fair value | $ 8,209 | [12],[25] | $ 8,287 | [13],[27] | |||
Investment, Identifier [Axis]: Inspire Aesthetics Management, LLC, Common Equity | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 101,719 | [12] | 101,719 | [13] | |||
Cost | $ 322 | [12] | $ 322 | [13] | |||
Fair value | $ 190 | [12] | $ 190 | [13] | |||
Investment, Identifier [Axis]: Inspire Aesthetics Management, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 13.44% | [12],[25],[43] | 13.53% | [13],[27],[51] | |||
Spread (as a percent) | 8% | [12],[25],[43] | 8% | [13],[27],[51] | |||
Principal | $ 676 | [12],[25],[43] | $ 676 | [13],[27],[51] | |||
Cost | 660 | [12],[25],[43] | 659 | [13],[27],[51] | |||
Fair value | $ 652 | [12],[25],[43] | $ 664 | [13],[27],[51] | |||
Investment, Identifier [Axis]: Inspire Aesthetics Management, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 13.48% | [12],[25] | 13.55% | [13],[27] | |||
Spread (as a percent) | 8% | [12],[25] | 8% | [13],[27] | |||
Principal | $ 6,240 | [12],[25] | $ 6,256 | [13],[27] | |||
Cost | 6,108 | [12],[25] | 6,115 | [13],[27] | |||
Fair value | $ 6,017 | [12],[25] | $ 6,144 | [13],[27] | |||
Investment, Identifier [Axis]: Inspire Aesthetics Management, LLC, Secured Debt 3 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 13.48% | [12],[25] | 13.55% | [13],[27] | |||
Spread (as a percent) | 8% | [12],[25] | 8% | [13],[27] | |||
Principal | $ 1,257 | [12],[25] | $ 1,260 | [13],[27] | |||
Cost | 1,230 | [12],[25] | 1,231 | [13],[27] | |||
Fair value | $ 1,212 | [12],[25] | $ 1,237 | [13],[27] | |||
Investment, Identifier [Axis]: Integral Energy Services, Common Stock | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 11,647 | [12] | 11,647 | [13] | |||
Cost | $ 1,584 | [12] | $ 1,584 | [13] | |||
Fair value | $ 360 | [12] | $ 190 | [13] | |||
Investment, Identifier [Axis]: Integral Energy Services, Preferred Equity | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 3,725 | [12],[29] | 3,725 | [13] | |||
Total Rate | 10% | [12],[29] | 10% | [13] | |||
PIK Rate | 10% | [12],[29] | 10% | [13] | |||
Cost | $ 276 | [12],[29] | $ 265 | [13] | |||
Fair value | $ 360 | [12],[29] | $ 350 | [13] | |||
Investment, Identifier [Axis]: Integral Energy Services, Secured Debt | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 13.09% | [12],[25] | 13.16% | [13],[27] | |||
Spread (as a percent) | 7.50% | [12],[25] | 7.50% | [13],[27] | |||
Principal | $ 15,340 | [12],[25] | $ 16,925 | [13],[27] | |||
Cost | 15,187 | [12],[25] | 16,737 | [13],[27] | |||
Fair value | $ 14,959 | [12],[25] | $ 16,232 | [13],[27] | |||
Investment, Identifier [Axis]: Interface Security Systems, L.L.C, Common Stock | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 2,143 | [12] | 2,143 | [13] | |||
Cost | $ 0 | [12] | $ 0 | [13] | |||
Fair value | $ 0 | [12] | $ 0 | [13] | |||
Investment, Identifier [Axis]: Interface Security Systems, L.L.C, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 15.43% | [12],[37],[43] | 15.48% | [13],[38],[52] | |||
Spread (as a percent) | 10% | [12],[37],[43] | 10% | [13],[38],[52] | |||
Principal | $ 1,835 | [12],[37],[43] | $ 1,835 | [13],[38],[52] | |||
Cost | 1,835 | [12],[37],[43] | 1,835 | [13],[38],[52] | |||
Fair value | $ 1,680 | [12],[37],[43] | $ 1,781 | [13],[38],[52] | |||
Investment, Identifier [Axis]: Interface Security Systems, L.L.C, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.43% | [12],[25],[35],[37] | 12.46% | [13],[27],[36],[38] | |||
Spread (as a percent) | 7% | [12],[25],[35],[37] | 7% | [13],[27],[36],[38] | |||
PIK Rate | 12.43% | [12],[25],[35],[37] | 12.46% | [13],[27],[36],[38] | |||
Principal | $ 7,334 | [12],[25],[35],[37] | $ 7,334 | [13],[27],[36],[38] | |||
Cost | 7,254 | [12],[25],[35],[37] | 7,254 | [13],[27],[36],[38] | |||
Fair value | $ 17 | [12],[25],[35],[37] | $ 433 | [13],[27],[36],[38] | |||
Investment, Identifier [Axis]: Intermedia Holdings, Inc., Secured Debt | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.43% | [14],[25] | 11.47% | [15],[27] | |||
Spread (as a percent) | 6% | [14],[25] | 6% | [15],[27] | |||
Principal | $ 7,037 | [14],[25] | $ 5,544 | [15],[27] | |||
Cost | 7,032 | [14],[25] | 5,539 | [15],[27] | |||
Fair value | $ 7,037 | [14],[25] | $ 5,370 | [15],[27] | |||
Investment, Identifier [Axis]: Invincible Boat Company, LLC., Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.96% | [12],[25] | 12% | [13],[27] | |||
Spread (as a percent) | 6.50% | [12],[25] | 6.50% | [13],[27] | |||
Principal | $ 104 | [12],[25] | $ 519 | [13],[27] | |||
Cost | 101 | [12],[25] | 516 | [13],[27] | |||
Fair value | $ 103 | [12],[25] | $ 509 | [13],[27] | |||
Investment, Identifier [Axis]: Invincible Boat Company, LLC., Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.96% | [12],[25] | 12% | [13],[27] | |||
Spread (as a percent) | 6.50% | [12],[25] | 6.50% | [13],[27] | |||
Principal | $ 16,812 | [12],[25] | $ 16,812 | [13],[27] | |||
Cost | 16,760 | [12],[25] | 16,751 | [13],[27] | |||
Fair value | $ 16,615 | [12],[25] | $ 16,515 | [13],[27] | |||
Investment, Identifier [Axis]: Iron-Main Investments, LLC, Common Stock | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 50,753 | 50,753 | |||||
Cost | $ 689 | $ 689 | |||||
Fair value | $ 669 | $ 670 | |||||
Investment, Identifier [Axis]: Iron-Main Investments, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 13.50% | 13.50% | |||||
Principal | $ 1,128 | $ 1,128 | |||||
Cost | 1,110 | 1,108 | |||||
Fair value | $ 1,110 | $ 1,108 | |||||
Investment, Identifier [Axis]: Iron-Main Investments, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 13.50% | 13.50% | |||||
Principal | $ 735 | $ 735 | |||||
Cost | 723 | 722 | |||||
Fair value | $ 723 | $ 722 | |||||
Investment, Identifier [Axis]: Iron-Main Investments, LLC, Secured Debt 3 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 13.50% | 13.50% | |||||
Principal | $ 2,236 | $ 2,236 | |||||
Cost | 2,236 | 2,236 | |||||
Fair value | $ 2,236 | $ 2,236 | |||||
Investment, Identifier [Axis]: Iron-Main Investments, LLC, Secured Debt 4 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 13.50% | 13.50% | |||||
Principal | $ 4,906 | $ 4,906 | |||||
Cost | 4,820 | 4,815 | |||||
Fair value | $ 4,820 | $ 4,815 | |||||
Investment, Identifier [Axis]: Iron-Main Investments, LLC, Secured Debt 5 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 13.50% | 13.50% | |||||
Principal | $ 2,591 | $ 2,641 | |||||
Cost | 2,484 | 2,525 | |||||
Fair value | $ 2,484 | $ 2,525 | |||||
Investment, Identifier [Axis]: Isagenix International, LLC, Common Equity | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 186,322 | [14] | 186,322 | [15] | |||
Cost | $ 0 | [14] | $ 0 | [15] | |||
Fair value | $ 0 | [14] | $ 0 | [15] | |||
Investment, Identifier [Axis]: Isagenix International, LLC, Secured Debt | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.03% | [14],[25] | 11.04% | [15],[27] | |||
Spread (as a percent) | 5.50% | [14],[25] | 5.50% | [15],[27] | |||
PIK Rate | 8.54% | [14],[25] | 8.54% | [15],[27] | |||
Principal | $ 2,763 | [14],[25] | $ 2,615 | [15],[27] | |||
Cost | 2,536 | [14],[25] | 2,374 | [15],[27] | |||
Fair value | $ 2,417 | [14],[25] | $ 2,301 | [15],[27] | |||
Investment, Identifier [Axis]: JTI Electrical & Mechanical, LLC, Common Equity | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 140,351 | [12] | 140,351 | [13] | |||
Cost | $ 140 | [12] | $ 140 | [13] | |||
Fair value | $ 110 | [12] | $ 140 | [13] | |||
Investment, Identifier [Axis]: JTI Electrical & Mechanical, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.57% | [12],[25],[43] | 11.64% | [13],[27],[53] | |||
Spread (as a percent) | 6% | [12],[25],[43] | 6% | [13],[27],[53] | |||
Principal | $ 612 | [12],[25],[43] | $ 261 | [13],[27],[53] | |||
Cost | 605 | [12],[25],[43] | 253 | [13],[27],[53] | |||
Fair value | $ 612 | [12],[25],[43] | $ 261 | [13],[27],[53] | |||
Investment, Identifier [Axis]: JTI Electrical & Mechanical, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.55% | [12],[25] | 11.61% | [13],[27] | |||
Spread (as a percent) | 6% | [12],[25] | 6% | [13],[27] | |||
Principal | $ 2,980 | [12],[25] | $ 3,000 | [13],[27] | |||
Cost | 2,947 | [12],[25] | 2,963 | [13],[27] | |||
Fair value | $ 2,980 | [12],[25] | $ 3,000 | [13],[27] | |||
Investment, Identifier [Axis]: JTI Electrical & Mechanical, LLC, Secured Debt 3 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | [12],[25] | 11.55% | |||||
Spread (as a percent) | [12],[25] | 6% | |||||
Principal | [12],[25] | $ 279 | |||||
Cost | [12],[25] | 271 | |||||
Fair value | [12],[25] | $ 279 | |||||
Investment, Identifier [Axis]: Jackmont Hospitality, Inc., Preferred Equity | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 5,653,333 | [12] | 5,653,333 | [13] | |||
Cost | $ 216 | [12] | $ 216 | [13] | |||
Fair value | $ 2,190 | [12] | $ 2,190 | [13] | |||
Investment, Identifier [Axis]: Jackmont Hospitality, Inc., Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.46% | [12],[25],[28] | 12.46% | [13],[27],[54] | |||
Spread (as a percent) | 7% | [12],[25],[28] | 7% | [13],[27],[54] | |||
Principal | $ 1,662 | [12],[25],[28] | $ 1,675 | [13],[27],[54] | |||
Cost | 1,645 | [12],[25],[28] | 1,649 | [13],[27],[54] | |||
Fair value | $ 1,663 | [12],[25],[28] | $ 1,675 | [13],[27],[54] | |||
Investment, Identifier [Axis]: Jackmont Hospitality, Inc., Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 15.48% | [12],[25] | 12.46% | [13],[27] | |||
Spread (as a percent) | 10% | [12],[25] | 7% | [13],[27] | |||
Principal | $ 317 | [12],[25] | $ 3,948 | [13],[27] | |||
Cost | 287 | [12],[25] | 3,948 | [13],[27] | |||
Fair value | $ 287 | [12],[25] | $ 3,948 | [13],[27] | |||
Investment, Identifier [Axis]: Jackmont Hospitality, Inc., Secured Debt 3 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | [12],[25] | 12.46% | |||||
Spread (as a percent) | [12],[25] | 7% | |||||
Principal | [12],[25] | $ 3,895 | |||||
Cost | [12],[25] | 3,895 | |||||
Fair value | [12],[25] | $ 3,895 | |||||
Investment, Identifier [Axis]: Joerns Healthcare, LLC, Common Stock | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | [15] | 392,514 | |||||
Cost | [15] | $ 3,678 | |||||
Fair value | [15] | $ 0 | |||||
Investment, Identifier [Axis]: Joerns Healthcare, LLC, Common Stock 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | [14] | 392,514 | |||||
Cost | [14] | $ 3,678 | |||||
Fair value | [14] | $ 0 | |||||
Investment, Identifier [Axis]: Joerns Healthcare, LLC, Common Stock 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | [14] | 4,535,784 | |||||
Cost | [14] | $ 166 | |||||
Fair value | [14] | $ 166 | |||||
Investment, Identifier [Axis]: Joerns Healthcare, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 21.59% | [14],[25],[35] | 23.63% | [15],[27],[36] | |||
Spread (as a percent) | 16% | [14],[25],[35] | 18% | [15],[27],[36] | |||
PIK Rate | 21.59% | [14],[25],[35] | 23.63% | [15],[27],[36] | |||
Principal | $ 942 | [14],[25],[35] | $ 2,048 | [15],[27],[36] | |||
Cost | 942 | [14],[25],[35] | 2,048 | [15],[27],[36] | |||
Fair value | $ 0 | [14],[25],[35] | $ 1,747 | [15],[27],[36] | |||
Investment, Identifier [Axis]: Joerns Healthcare, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 21.59% | [14],[25],[35] | 21.63% | [15],[27],[36] | |||
Spread (as a percent) | 16% | [14],[25],[35] | 16% | [15],[27],[36] | |||
PIK Rate | 21.59% | [14],[25],[35] | 21.63% | [15],[27],[36] | |||
Principal | $ 906 | [14],[25],[35] | $ 1,708 | [15],[27],[36] | |||
Cost | 906 | [14],[25],[35] | 1,701 | [15],[27],[36] | |||
Fair value | $ 0 | [14],[25],[35] | $ 121 | [15],[27],[36] | |||
Investment, Identifier [Axis]: Joerns Healthcare, LLC, Secured Debt 3 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 14.31% | [14],[25] | 21.63% | [15],[27],[36] | |||
Spread (as a percent) | 8.75% | [14],[25] | 16% | [15],[27],[36] | |||
PIK Rate | 6% | [14],[25] | 21.63% | [15],[27],[36] | |||
Principal | $ 1,615 | [14],[25] | $ 1,643 | [15],[27],[36] | |||
Cost | 1,615 | [14],[25] | 1,635 | [15],[27],[36] | |||
Fair value | $ 1,615 | [14],[25] | $ 117 | [15],[27],[36] | |||
Investment, Identifier [Axis]: Joerns Healthcare, LLC, Secured Debt 4 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | [14],[25] | 14.31% | |||||
Spread (as a percent) | [14],[25] | 8.75% | |||||
PIK Rate | [14],[25] | 6% | |||||
Principal | [14],[25] | $ 982 | |||||
Cost | [14],[25] | 982 | |||||
Fair value | [14],[25] | $ 982 | |||||
Investment, Identifier [Axis]: Johnson Downie Opco, LLC, Preferred Equity | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 368 | [29] | 368 | ||||
Cost | $ 404 | [29] | $ 404 | ||||
Fair value | 1,080 | [29] | 1,070 | ||||
Investment, Identifier [Axis]: Johnson Downie Opco, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Principal | 0 | [24] | 0 | [26] | |||
Cost | (4) | [24] | (4) | [26] | |||
Fair value | $ 0 | [24] | $ 0 | [26] | |||
Investment, Identifier [Axis]: Johnson Downie Opco, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 15% | 15% | |||||
Principal | $ 2,690 | $ 2,690 | |||||
Cost | 2,649 | 2,645 | |||||
Fair value | $ 2,690 | $ 2,690 | |||||
Investment, Identifier [Axis]: JorVet Holdings, LLC, Preferred Equity | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 11,934 | [29] | 11,934 | [30] | |||
Cost | $ 1,193 | [29] | $ 1,193 | [30] | |||
Fair value | $ 1,193 | [29] | $ 1,193 | [30] | |||
Investment, Identifier [Axis]: JorVet Holdings, LLC, Secured Debt | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12% | 12% | |||||
Principal | $ 2,850 | $ 2,850 | |||||
Cost | 2,816 | 2,814 | |||||
Fair value | $ 2,816 | $ 2,814 | |||||
Investment, Identifier [Axis]: KMS, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 14.70% | [12],[25] | 14.75% | [13],[27] | |||
Spread (as a percent) | 9.25% | [12],[25] | 9.25% | [13],[27] | |||
Principal | $ 1,289 | [12],[25] | $ 1,292 | [13],[27] | |||
Cost | 1,237 | [12],[25] | 1,235 | [13],[27] | |||
Fair value | $ 1,197 | [12],[25] | $ 1,180 | [13],[27] | |||
Investment, Identifier [Axis]: KMS, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 14.70% | [12],[25] | 14.75% | [13],[27] | |||
Spread (as a percent) | 9.25% | [12],[25] | 9.25% | [13],[27] | |||
Principal | $ 9,286 | [12],[25] | $ 9,310 | [13],[27] | |||
Cost | 9,191 | [12],[25] | 9,205 | [13],[27] | |||
Fair value | $ 8,627 | [12],[25] | $ 8,475 | [13],[27] | |||
Investment, Identifier [Axis]: Kickhaefer Manufacturing Company, LLC, Member Units | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 200 | [29],[39] | 200 | [40] | |||
Cost | $ 248 | [29],[39] | $ 248 | [40] | |||
Fair value | $ 683 | [29],[39] | $ 683 | [40] | 695 | 713 | |
Investment, Identifier [Axis]: Kickhaefer Manufacturing Company, LLC, Preferred Equity | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 145 | 145 | |||||
Cost | $ 3,060 | $ 3,060 | |||||
Fair value | $ 2,640 | $ 2,420 | $ 1,800 | 1,800 | |||
Investment, Identifier [Axis]: Kickhaefer Manufacturing Company, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12% | 12% | 12% | ||||
Principal | $ 4,950 | $ 4,950 | |||||
Cost | 4,934 | 4,933 | |||||
Fair value | $ 4,934 | $ 4,933 | $ 5,146 | 5,093 | |||
Investment, Identifier [Axis]: Kickhaefer Manufacturing Company, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 9% | 9% | 9% | ||||
Principal | $ 957 | $ 960 | |||||
Cost | 949 | 951 | |||||
Fair value | $ 949 | $ 951 | $ 958 | 961 | |||
Investment, Identifier [Axis]: LL Management, Inc., Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.68% | [12],[25] | 12.71% | [13],[27] | |||
Spread (as a percent) | 7.25% | [12],[25] | 7.25% | [13],[27] | |||
Principal | $ 7,916 | [12],[25] | $ 7,960 | [13],[27] | |||
Cost | 7,898 | [12],[25] | 7,933 | [13],[27] | |||
Fair value | $ 7,916 | [12],[25] | $ 7,960 | [13],[27] | |||
Investment, Identifier [Axis]: LL Management, Inc., Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.68% | [12],[25] | 12.71% | [13],[27] | |||
Spread (as a percent) | 7.25% | [12],[25] | 7.25% | [13],[27] | |||
Principal | $ 5,220 | [12],[25] | $ 5,246 | [13],[27] | |||
Cost | 5,208 | [12],[25] | 5,228 | [13],[27] | |||
Fair value | $ 5,220 | [12],[25] | $ 5,246 | [13],[27] | |||
Investment, Identifier [Axis]: LL Management, Inc., Secured Debt 3 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.68% | [12],[25] | 12.71% | [13],[27] | |||
Spread (as a percent) | 7.25% | [12],[25] | 7.25% | [13],[27] | |||
Principal | $ 0 | [12],[25] | $ 0 | [13],[27] | |||
Cost | 0 | [12],[25] | 0 | [13],[27] | |||
Fair value | $ 0 | [12],[25] | $ 0 | [13],[27] | |||
Investment, Identifier [Axis]: LL Management, Inc., Secured Debt 4 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.68% | [12],[25] | 12.71% | [13],[27] | |||
Spread (as a percent) | 7.25% | [12],[25] | 7.25% | [13],[27] | |||
Principal | $ 867 | [12],[25] | $ 871 | [13],[27] | |||
Cost | 865 | [12],[25] | 868 | [13],[27] | |||
Fair value | $ 867 | [12],[25] | $ 871 | [13],[27] | |||
Investment, Identifier [Axis]: LL Management, Inc., Secured Debt 5 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.68% | [12],[25] | 12.71% | [13],[27] | |||
Spread (as a percent) | 7.25% | [12],[25] | 7.25% | [13],[27] | |||
Principal | $ 8,780 | [12],[25] | $ 8,822 | [13],[27] | |||
Cost | 8,752 | [12],[25] | 8,781 | [13],[27] | |||
Fair value | $ 8,780 | [12],[25] | $ 8,822 | [13],[27] | |||
Investment, Identifier [Axis]: LLFlex, LLC, Secured Debt | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 15.48% | [12],[25] | 15.54% | [13],[27] | |||
Spread (as a percent) | 9% | [12],[25] | 9% | [13],[27] | |||
PIK Rate | 1% | [12],[25] | 1% | [13],[27] | |||
Principal | $ 4,907 | [12],[25] | $ 4,920 | [13],[27] | |||
Cost | 4,854 | [12],[25] | 4,861 | [13],[27] | |||
Fair value | $ 4,525 | [12],[25] | $ 4,417 | [13],[27] | |||
Investment, Identifier [Axis]: Lightbox Holdings, L.P., Secured Debt | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 10.56% | [14] | 10.62% | [15] | |||
Spread (as a percent) | 5% | [14] | 5% | [15] | |||
Principal | $ 5,750 | [14] | $ 5,765 | [15] | |||
Cost | 5,724 | [14] | 5,736 | [15] | |||
Fair value | $ 5,578 | [14] | $ 5,592 | [15] | |||
Investment, Identifier [Axis]: Logix Acquisition Company, LLC, Secured Debt | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 13.25% | [12],[25] | 13.25% | [13],[27] | |||
Spread (as a percent) | 4.75% | [12],[25] | 4.75% | [13],[27] | |||
Principal | $ 11,552 | [12],[25] | $ 11,552 | [13],[27] | |||
Cost | 11,352 | [12],[25] | 11,285 | [13],[27] | |||
Fair value | $ 8,957 | [12],[25] | $ 9,069 | [13],[27] | |||
Investment, Identifier [Axis]: MB2 Dental Solutions, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | [15],[27] | 11.46% | |||||
Spread (as a percent) | [15],[27] | 6% | |||||
Principal | [15],[27] | $ 2,803 | |||||
Cost | [15],[27] | 2,771 | |||||
Fair value | [15],[27] | $ 2,803 | |||||
Investment, Identifier [Axis]: MB2 Dental Solutions, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | [15],[27] | 11.46% | |||||
Spread (as a percent) | [15],[27] | 6% | |||||
Principal | [15],[27] | $ 3,925 | |||||
Cost | [15],[27] | 3,880 | |||||
Fair value | [15],[27] | $ 3,925 | |||||
Investment, Identifier [Axis]: MB2 Dental Solutions, LLC, Secured Debt 3 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | [15],[27] | 11.46% | |||||
Spread (as a percent) | [15],[27] | 6% | |||||
Principal | [15],[27] | $ 3,464 | |||||
Cost | [15],[27] | 3,424 | |||||
Fair value | [15],[27] | $ 3,464 | |||||
Investment, Identifier [Axis]: MB2 Dental Solutions, LLC, Secured Debt 4 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | [15],[27] | 11.46% | |||||
Spread (as a percent) | [15],[27] | 6% | |||||
Principal | [15],[27] | $ 7,796 | |||||
Cost | [15],[27] | 7,725 | |||||
Fair value | [15],[27] | $ 7,796 | |||||
Investment, Identifier [Axis]: MH Corbin Holding LLC, Preferred Member Units 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 16,500 | 16,500 | |||||
Cost | $ 1,100 | $ 1,100 | |||||
Fair value | $ 80 | $ 80 | 0 | 0 | |||
Investment, Identifier [Axis]: MH Corbin Holding LLC, Preferred Member Units 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 1,000 | 1,000 | |||||
Cost | $ 1,500 | $ 1,500 | |||||
Fair value | $ 0 | $ 0 | $ 0 | 0 | |||
Investment, Identifier [Axis]: MH Corbin Holding LLC, Secured Debt | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 14% | 13% | [38] | 13% | |||
Principal | $ 1,330 | $ 1,350 | [38] | ||||
Cost | 1,330 | 1,350 | [38] | ||||
Fair value | $ 1,236 | $ 1,256 | [38] | $ 1,346 | 1,137 | ||
Investment, Identifier [Axis]: Mako Steel, LP, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Spread (as a percent) | 6.75% | [12],[24],[25] | 6.75% | [13],[26],[27] | |||
Principal | $ 0 | [12],[24],[25] | $ 0 | [13],[26],[27] | |||
Cost | (32) | [12],[24],[25] | (36) | [13],[26],[27] | |||
Fair value | $ 0 | [12],[24],[25] | $ 0 | [13],[26],[27] | |||
Investment, Identifier [Axis]: Mako Steel, LP, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.23% | [12],[25] | 12.28% | [13],[27] | |||
Spread (as a percent) | 6.75% | [12],[25] | 6.75% | [13],[27] | |||
Principal | $ 16,503 | [12],[25] | $ 16,721 | [13],[27] | |||
Cost | 16,367 | [12],[25] | 16,568 | [13],[27] | |||
Fair value | $ 16,503 | [12],[25] | $ 16,721 | [13],[27] | |||
Investment, Identifier [Axis]: Mako Steel, LP, Secured Debt 3 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | [12],[25] | 12.98% | |||||
Spread (as a percent) | [12],[25] | 7.50% | |||||
Principal | [12],[25] | $ 5,000 | |||||
Cost | [12],[25] | 4,855 | |||||
Fair value | [12],[25] | $ 5,000 | |||||
Investment, Identifier [Axis]: Market Force Information, LLC, Member Units | |||||||
Schedule of Investments [Line Items] | |||||||
Fair value | $ 0 | 0 | |||||
Investment, Identifier [Axis]: Market Force Information, LLC, Secured Debt | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12% | ||||||
PIK Rate | 12% | ||||||
Fair value | $ 0 | 403 | |||||
Investment, Identifier [Axis]: Metalforming Holdings, LLC, Common Stock | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 112,865 | [29] | 112,865 | ||||
Cost | $ 113 | [29] | $ 113 | ||||
Fair value | $ 180 | [29] | $ 110 | ||||
Investment, Identifier [Axis]: Metalforming Holdings, LLC, Preferred Equity | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 434,331 | [29] | 434,331 | [30] | |||
Total Rate | 8% | [29] | 8% | [30] | |||
PIK Rate | 8% | [29] | 8% | [30] | |||
Cost | $ 434 | [29] | $ 443 | [30] | |||
Fair value | 443 | [29] | 443 | [30] | |||
Investment, Identifier [Axis]: Metalforming Holdings, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Principal | 0 | [24] | 0 | [26] | |||
Cost | 0 | [24] | 0 | [26] | |||
Fair value | $ 0 | [24] | $ 0 | [26] | |||
Investment, Identifier [Axis]: Metalforming Holdings, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.75% | 12.75% | |||||
Principal | $ 1,663 | $ 1,748 | |||||
Cost | 1,628 | 1,707 | |||||
Fair value | $ 1,628 | $ 1,707 | |||||
Investment, Identifier [Axis]: Microbe Formulas, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Spread (as a percent) | 6.25% | [12],[24],[25] | 6.25% | [13],[26],[27] | |||
Principal | $ 0 | [12],[24],[25] | $ 0 | [13],[26],[27] | |||
Cost | (6) | [12],[24],[25] | (6) | [13],[26],[27] | |||
Fair value | $ (6) | [12],[24],[25] | $ (6) | [13],[26],[27] | |||
Investment, Identifier [Axis]: Microbe Formulas, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.43% | [12],[25] | 11.46% | [13],[27] | |||
Spread (as a percent) | 6% | [12],[25] | 6% | [13],[27] | |||
Principal | $ 2,671 | [12],[25] | $ 2,671 | [13],[27] | |||
Cost | 2,634 | [12],[25] | 2,632 | [13],[27] | |||
Fair value | $ 2,671 | [12],[25] | $ 2,671 | [13],[27] | |||
Investment, Identifier [Axis]: Mills Fleet Farm Group, LLC, Secured Debt | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.46% | [12],[25] | 12.52% | [13],[27] | |||
Spread (as a percent) | 7% | [12],[25] | 7% | [13],[27] | |||
Principal | $ 18,152 | [12],[25] | $ 18,152 | [13],[27] | |||
Cost | 17,887 | [12],[25] | 17,863 | [13],[27] | |||
Fair value | $ 17,662 | [12],[25] | $ 17,524 | [13],[27] | |||
Investment, Identifier [Axis]: Mini Melts of America, LLC, Common Equity | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 300,000 | [12] | 300,000 | [13] | |||
Cost | $ 300 | [12] | $ 300 | [13] | |||
Fair value | $ 300 | [12] | $ 300 | [13] | |||
Investment, Identifier [Axis]: Mini Melts of America, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | [12],[25],[43] | 11.57% | |||||
Spread (as a percent) | 6.25% | [12],[25],[43] | 6.25% | [13],[26],[27] | |||
Principal | $ 540 | [12],[25],[43] | $ 0 | [13],[26],[27] | |||
Cost | 513 | [12],[25],[43] | (28) | [13],[26],[27] | |||
Fair value | $ 517 | [12],[25],[43] | $ (28) | [13],[26],[27] | |||
Investment, Identifier [Axis]: Mini Melts of America, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | [12],[25],[28] | 11.58% | |||||
Spread (as a percent) | 6.25% | [12],[25],[28] | 6.25% | [13],[26],[27] | |||
Principal | $ 465 | [12],[25],[28] | $ 0 | [13],[26],[27] | |||
Cost | 450 | [12],[25],[28] | (10) | [13],[26],[27] | |||
Fair value | $ 446 | [12],[25],[28] | $ (10) | [13],[26],[27] | |||
Investment, Identifier [Axis]: Mini Melts of America, LLC, Secured Debt 3 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 10.59% | [12],[25] | 10.64% | [13],[27] | |||
Spread (as a percent) | 5.25% | [12],[25] | 5.25% | [13],[27] | |||
Principal | $ 3,225 | [12],[25] | $ 3,225 | [13],[27] | |||
Cost | 3,153 | [12],[25] | 3,149 | [13],[27] | |||
Fair value | $ 3,193 | [12],[25] | $ 3,149 | [13],[27] | |||
Investment, Identifier [Axis]: Mini Melts of America, LLC, Secured Debt 4 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.59% | [12],[25] | 12.64% | [13],[27] | |||
Spread (as a percent) | 7.25% | [12],[25] | 7.25% | [13],[27] | |||
Principal | $ 3,225 | [12],[25] | $ 3,225 | [13],[27] | |||
Cost | 3,150 | [12],[25] | 3,146 | [13],[27] | |||
Fair value | $ 3,193 | [12],[25] | $ 3,146 | [13],[27] | |||
Investment, Identifier [Axis]: MonitorUS Holding, LLC, Common Stock | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 12,798,820 | [12],[16],[17] | 12,798,820 | [13],[18],[19] | |||
Cost | $ 256 | [12],[16],[17] | $ 256 | [13],[18],[19] | |||
Fair value | $ 197 | [12],[16],[17] | $ 197 | [13],[18],[19] | |||
Investment, Identifier [Axis]: MonitorUS Holding, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 14% | [12],[16],[17] | 14% | [13],[18],[19] | |||
PIK Rate | 4% | [12],[16],[17] | 4% | [13],[18],[19] | |||
Principal | $ 1,132 | [12],[16],[17] | $ 1,120 | [13],[18],[19] | |||
Cost | 1,118 | [12],[16],[17] | 1,106 | [13],[18],[19] | |||
Fair value | $ 1,119 | [12],[16],[17] | $ 1,133 | [13],[18],[19] | |||
Investment, Identifier [Axis]: MonitorUS Holding, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 14% | [12],[16],[17] | 14% | [13],[18],[19] | |||
PIK Rate | 4% | [12],[16],[17] | 4% | [13],[18],[19] | |||
Principal | $ 2,941 | [12],[16],[17] | $ 2,912 | [13],[18],[19] | |||
Cost | 2,903 | [12],[16],[17] | 2,870 | [13],[18],[19] | |||
Fair value | $ 3,143 | [12],[16],[17] | $ 3,184 | [13],[18],[19] | |||
Investment, Identifier [Axis]: MonitorUS Holding, LLC, Secured Debt 3 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 14% | [12],[16],[17] | 14% | [13],[18],[19] | |||
PIK Rate | 4% | [12],[16],[17] | 4% | [13],[18],[19] | |||
Principal | $ 5,007 | [12],[16],[17] | $ 4,957 | [13],[18],[19] | |||
Cost | 4,945 | [12],[16],[17] | 4,890 | [13],[18],[19] | |||
Fair value | $ 5,007 | [12],[16],[17] | $ 4,957 | [13],[18],[19] | |||
Investment, Identifier [Axis]: MonitorUS Holding, LLC, Unsecured Debt | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | [12],[16],[17] | 8% | |||||
PIK Rate | [12],[16],[17] | 8% | |||||
Principal | [12],[16],[17] | $ 46 | |||||
Cost | [12],[16],[17] | 46 | |||||
Fair value | [12],[16],[17] | $ 46 | |||||
Investment, Identifier [Axis]: Mystic Logistics Holdings, LLC, Common Stock | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 1,468 | [29] | 1,468 | [30] | |||
Cost | $ 680 | [29] | $ 680 | [30] | |||
Fair value | $ 6,598 | [29] | 6,598 | [30] | 6,253 | 5,708 | |
Investment, Identifier [Axis]: Mystic Logistics Holdings, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 10% | ||||||
Principal | $ 0 | [24] | 0 | [26] | |||
Cost | 0 | [24] | 0 | [26] | |||
Fair value | $ 0 | [24] | $ 0 | [26] | $ 0 | 0 | |
Investment, Identifier [Axis]: Mystic Logistics Holdings, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 10% | 10% | 10% | ||||
Principal | $ 1,436 | $ 1,436 | |||||
Cost | 1,431 | 1,436 | |||||
Fair value | $ 1,436 | $ 1,436 | $ 1,436 | 1,436 | |||
Investment, Identifier [Axis]: NexRev LLC, Preferred Member Units | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 25,786,046 | [29] | 25,786,046 | [30] | |||
Cost | $ 2,053 | [29] | $ 2,053 | [30] | |||
Fair value | $ 2,050 | [29] | 1,590 | [30] | 750 | 280 | |
Investment, Identifier [Axis]: NexRev LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 10% | ||||||
Principal | $ 400 | 0 | [26] | ||||
Cost | 400 | 0 | [26] | ||||
Fair value | $ 400 | $ 0 | [26] | $ 0 | 0 | ||
Investment, Identifier [Axis]: NexRev LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 10% | 10% | 11% | ||||
Principal | $ 2,453 | $ 2,453 | |||||
Cost | 2,439 | 2,435 | |||||
Fair value | $ 2,439 | $ 2,435 | $ 2,217 | 2,119 | |||
Investment, Identifier [Axis]: NinjaTrader, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Spread (as a percent) | 7% | [12],[24],[25] | 7% | [13],[26],[27] | |||
Principal | $ 0 | [12],[24],[25] | $ 0 | [13],[26],[27] | |||
Cost | (4) | [12],[24],[25] | (4) | [13],[26],[27] | |||
Fair value | $ (4) | [12],[24],[25] | $ (3) | [13],[26],[27] | |||
Investment, Identifier [Axis]: NinjaTrader, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Spread (as a percent) | 7% | [12],[24],[25] | 7% | [13],[26],[27] | |||
Principal | $ 0 | [12],[24],[25] | $ 0 | [13],[26],[27] | |||
Cost | (11) | [12],[24],[25] | (12) | [13],[26],[27] | |||
Fair value | $ (11) | [12],[24],[25] | $ (12) | [13],[26],[27] | |||
Investment, Identifier [Axis]: NinjaTrader, LLC, Secured Debt 3 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.48% | [12],[25] | 12.54% | [13],[27] | |||
Spread (as a percent) | 7% | [12],[25] | 7% | [13],[27] | |||
Principal | $ 14,776 | [12],[25] | $ 10,991 | [13],[27] | |||
Cost | 14,616 | [12],[25] | 10,888 | [13],[27] | |||
Fair value | $ 14,776 | [12],[25] | $ 10,991 | [13],[27] | |||
Investment, Identifier [Axis]: NinjaTrader, LLC, Secured Debt 4 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | [13],[27] | 12.52% | |||||
Spread (as a percent) | [13],[27] | 7% | |||||
Principal | [13],[27] | $ 3,878 | |||||
Cost | [13],[27] | 3,807 | |||||
Fair value | [13],[27] | $ 3,878 | |||||
Investment, Identifier [Axis]: NuStep, LLC, Preferred Member Units 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 515 | 515 | |||||
Cost | $ 515 | $ 515 | |||||
Fair value | 1,290 | 1,290 | 1,910 | 2,010 | |||
Investment, Identifier [Axis]: NuStep, LLC, Preferred Member Units 1.1 | |||||||
Schedule of Investments [Line Items] | |||||||
Fair value | $ 2,550 | $ 2,310 | |||||
Investment, Identifier [Axis]: NuStep, LLC, Preferred Member Units 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 102 | 102 | |||||
Cost | $ 2,550 | $ 2,550 | |||||
Fair value | 2,550 | 2,310 | $ 1,290 | 1,290 | |||
Investment, Identifier [Axis]: NuStep, LLC, Preferred Member Units 2.1 | |||||||
Schedule of Investments [Line Items] | |||||||
Fair value | $ 1,290 | $ 1,290 | |||||
Investment, Identifier [Axis]: NuStep, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.98% | [25] | 11.98% | [27] | 11.25% | ||
Spread (as a percent) | 6.50% | [25] | 6.50% | [27] | 6.50% | ||
Principal | $ 900 | [25] | $ 900 | [27] | |||
Cost | 899 | [25] | 899 | [27] | |||
Fair value | $ 899 | [25] | $ 899 | [27] | $ 1,100 | 1,100 | |
Investment, Identifier [Axis]: NuStep, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12% | 12% | 12% | ||||
Principal | $ 4,610 | $ 4,610 | |||||
Cost | 4,607 | 4,606 | |||||
Fair value | $ 4,607 | $ 4,606 | $ 4,604 | 4,603 | |||
Investment, Identifier [Axis]: Obra Capital, Inc, Secured Debt | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | [14] | 11.44% | |||||
Spread (as a percent) | [14] | 6% | |||||
Principal | [14] | $ 6,840 | |||||
Cost | [14] | 6,538 | |||||
Fair value | [14] | $ 5,977 | |||||
Investment, Identifier [Axis]: Obra Capital, Inc. (f/k/a Vida Capital, Inc.), Secured Debt | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | [15] | 11.47% | |||||
Spread (as a percent) | [15] | 6% | |||||
Principal | [15] | $ 7,043 | |||||
Cost | [15] | 6,711 | |||||
Fair value | [15] | $ 6,039 | |||||
Investment, Identifier [Axis]: Oneliance, LLC, Preferred Stock | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 282 | 282 | |||||
Cost | $ 282 | $ 282 | |||||
Fair value | $ 282 | $ 282 | $ 264 | 264 | |||
Investment, Identifier [Axis]: Oneliance, LLC, Secured Debt | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 16.48% | [25] | 16.48% | [27] | 15.75% | ||
Spread (as a percent) | 11% | [25] | 11% | [27] | 11% | ||
Principal | $ 1,340 | [25] | $ 1,360 | [27] | |||
Cost | 1,327 | [25] | 1,346 | [27] | |||
Fair value | $ 1,327 | [25] | $ 1,339 | [27] | $ 1,361 | 1,380 | |
Investment, Identifier [Axis]: Orttech Holdings, LLC, Preferred Stock | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 2,500 | [29],[39] | 2,500 | [30] | |||
Cost | $ 2,500 | [29],[39] | $ 2,500 | [30] | |||
Fair value | $ 4,090 | [29],[39] | $ 4,260 | [30] | $ 3,370 | 2,940 | |
Investment, Identifier [Axis]: Orttech Holdings, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 16.48% | ||||||
Spread (as a percent) | 11% | [24],[25] | 11% | [26],[27] | 11% | ||
Principal | $ 0 | [24],[25] | $ 0 | [26],[27] | |||
Cost | (2) | [24],[25] | (2) | [26],[27] | |||
Fair value | $ 0 | [24],[25] | $ 0 | [26],[27] | $ (2) | (2) | |
Investment, Identifier [Axis]: Orttech Holdings, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 16.48% | [25] | 16.48% | [27] | 15.75% | ||
Spread (as a percent) | 11% | [25] | 11% | [27] | 11% | ||
Principal | $ 5,490 | [25] | $ 5,510 | [27] | |||
Cost | 5,438 | [25] | 5,452 | [27] | |||
Fair value | 5,490 | [25] | 5,510 | [27] | $ 5,623 | 5,814 | |
Investment, Identifier [Axis]: Other Amounts related to investments transferred to or from other 1940 Act classification during the period, Affiliate Investments | |||||||
Schedule of Investments [Line Items] | |||||||
Fair value | 0 | 0 | 0 | (6,392) | |||
Investment, Identifier [Axis]: Other Amounts related to investments transferred to or from other 1940 Act classification during the period, Control Investments | |||||||
Schedule of Investments [Line Items] | |||||||
Fair value | $ 0 | $ 0 | 0 | 0 | |||
Investment, Identifier [Axis]: PTL US Bidco, Inc, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.77% | [12],[16],[17],[25],[43] | 12.80% | [13],[18],[19],[27],[55] | |||
Spread (as a percent) | 7.25% | [12],[16],[17],[25],[43] | 7.25% | [13],[18],[19],[27],[55] | |||
Principal | $ 198 | [12],[16],[17],[25],[43] | $ 198 | [13],[18],[19],[27],[55] | |||
Cost | 189 | [12],[16],[17],[25],[43] | 189 | [13],[18],[19],[27],[55] | |||
Fair value | $ 198 | [12],[16],[17],[25],[43] | $ 196 | [13],[18],[19],[27],[55] | |||
Investment, Identifier [Axis]: PTL US Bidco, Inc, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.84% | [12],[16],[17],[25] | 12.88% | [13],[18],[19],[27] | |||
Spread (as a percent) | 7.25% | [12],[16],[17],[25] | 7.25% | [13],[18],[19],[27] | |||
Principal | $ 1,422 | [12],[16],[17],[25] | $ 1,734 | [13],[18],[19],[27] | |||
Cost | 1,401 | [12],[16],[17],[25] | 1,707 | [13],[18],[19],[27] | |||
Fair value | $ 1,422 | [12],[16],[17],[25] | $ 1,720 | [13],[18],[19],[27] | |||
Investment, Identifier [Axis]: Paragon Healthcare, Inc., Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Spread (as a percent) | [13],[26],[27] | 5.75% | |||||
Principal | [13],[26],[27] | $ 0 | |||||
Cost | [13],[26],[27] | (11) | |||||
Fair value | [13],[26],[27] | $ 0 | |||||
Investment, Identifier [Axis]: Paragon Healthcare, Inc., Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | [13],[27],[56] | 11.24% | |||||
Spread (as a percent) | [13],[27],[56] | 5.75% | |||||
Principal | [13],[27],[56] | $ 423 | |||||
Cost | [13],[27],[56] | 414 | |||||
Fair value | [13],[27],[56] | $ 421 | |||||
Investment, Identifier [Axis]: Paragon Healthcare, Inc., Secured Debt 3 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | [13],[27] | 11.25% | |||||
Spread (as a percent) | [13],[27] | 5.75% | |||||
Principal | [13],[27] | $ 2,456 | |||||
Cost | [13],[27] | 2,412 | |||||
Fair value | [13],[27] | $ 2,442 | |||||
Investment, Identifier [Axis]: Pinnacle TopCo, LLC, Preferred Equity | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 110 | [29] | 110 | ||||
Cost | $ 3,135 | [29] | $ 3,135 | ||||
Fair value | $ 3,135 | [29] | $ 3,135 | ||||
Investment, Identifier [Axis]: Pinnacle TopCo, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 8% | 8% | |||||
Principal | $ 55 | $ 115 | |||||
Cost | 46 | 105 | |||||
Fair value | $ 46 | $ 105 | |||||
Investment, Identifier [Axis]: Pinnacle TopCo, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 13% | 13% | |||||
Principal | $ 7,660 | $ 7,660 | |||||
Cost | 7,481 | 7,472 | |||||
Fair value | $ 7,481 | $ 7,472 | |||||
Investment, Identifier [Axis]: Power System Solutions, Common Equity | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 532 | [12] | 532 | [13] | |||
Cost | $ 532 | [12] | $ 532 | [13] | |||
Fair value | $ 730 | [12] | $ 500 | [13] | |||
Investment, Identifier [Axis]: Power System Solutions, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Spread (as a percent) | 6.50% | [12],[24],[25] | 6.75% | [13],[26],[27] | |||
Principal | $ 0 | [12],[24],[25] | $ 0 | [13],[26],[27] | |||
Cost | (33) | [12],[24],[25] | (35) | [13],[26],[27] | |||
Fair value | $ (33) | [12],[24],[25] | $ (35) | [13],[26],[27] | |||
Investment, Identifier [Axis]: Power System Solutions, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | [12],[25] | 11.82% | |||||
Spread (as a percent) | 6.50% | [12],[25] | 6.75% | [13],[26],[27] | |||
Principal | $ 2,660 | [12],[25] | $ 0 | [13],[26],[27] | |||
Cost | 2,588 | [12],[25] | (35) | [13],[26],[27] | |||
Fair value | $ 2,660 | [12],[25] | $ (35) | [13],[26],[27] | |||
Investment, Identifier [Axis]: Power System Solutions, Secured Debt 3 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.80% | [12],[25] | 12.12% | [13],[27] | |||
Spread (as a percent) | 6.50% | [12],[25] | 6.75% | [13],[27] | |||
Principal | $ 7,919 | [12],[25] | $ 7,939 | [13],[27] | |||
Cost | 7,721 | [12],[25] | 7,729 | [13],[27] | |||
Fair value | $ 7,919 | [12],[25] | $ 7,939 | [13],[27] | |||
Investment, Identifier [Axis]: PrimeFlight Aviation Services, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.28% | [12],[25] | 12.28% | [13],[27] | |||
Spread (as a percent) | 6.85% | [12],[25] | 6.85% | [13],[27] | |||
Principal | $ 5,955 | [12],[25] | $ 5,970 | [13],[27] | |||
Cost | 5,805 | [12],[25] | 5,813 | [13],[27] | |||
Fair value | $ 5,955 | [12],[25] | $ 5,970 | [13],[27] | |||
Investment, Identifier [Axis]: PrimeFlight Aviation Services, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.15% | [12],[25] | 12.20% | [13],[27] | |||
Spread (as a percent) | 6.85% | [12],[25] | 6.85% | [13],[27] | |||
Principal | $ 569 | [12],[25] | $ 570 | [13],[27] | |||
Cost | 553 | [12],[25] | 553 | [13],[27] | |||
Fair value | $ 569 | [12],[25] | $ 570 | [13],[27] | |||
Investment, Identifier [Axis]: PrimeFlight Aviation Services, Secured Debt 3 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | [12],[25] | 11.55% | |||||
Spread (as a percent) | [12],[25] | 6.25% | |||||
Principal | [12],[25] | $ 571 | |||||
Cost | [12],[25] | 561 | |||||
Fair value | [12],[25] | $ 571 | |||||
Investment, Identifier [Axis]: Purge Rite, LLC, Preferred Equity | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 1,302,083 | [12] | 1,302,083 | [13] | |||
Cost | $ 1,302 | [12] | $ 1,302 | [13] | |||
Fair value | $ 1,302 | [12] | $ 1,302 | [13] | |||
Investment, Identifier [Axis]: Purge Rite, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Spread (as a percent) | 8% | [12],[24],[25] | 8% | [13],[26],[27] | |||
Principal | $ 0 | [12],[24],[25] | $ 0 | [13],[26],[27] | |||
Cost | (18) | [12],[24],[25] | (19) | [13],[26],[27] | |||
Fair value | $ (18) | [12],[24],[25] | $ (19) | [13],[26],[27] | |||
Investment, Identifier [Axis]: Purge Rite, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 13.64% | [12],[25] | 13.70% | [13],[27] | |||
Spread (as a percent) | 8% | [12],[25] | 8% | [13],[27] | |||
Principal | $ 3,906 | [12],[25] | $ 3,906 | [13],[27] | |||
Cost | 3,818 | [12],[25] | 3,813 | [13],[27] | |||
Fair value | $ 3,867 | [12],[25] | $ 3,813 | [13],[27] | |||
Investment, Identifier [Axis]: RA Outdoors LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.33% | [12],[25],[43] | 12.22% | [13],[27],[50] | |||
Spread (as a percent) | 6.75% | [12],[25],[43] | 6.75% | [13],[27],[50] | |||
Principal | $ 1,235 | [12],[25],[43] | $ 796 | [13],[27],[50] | |||
Cost | 1,228 | [12],[25],[43] | 789 | [13],[27],[50] | |||
Fair value | $ 1,168 | [12],[25],[43] | $ 745 | [13],[27],[50] | |||
Investment, Identifier [Axis]: RA Outdoors LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.18% | [12],[25] | 12.21% | [13],[27] | |||
Spread (as a percent) | 6.75% | [12],[25] | 6.75% | [13],[27] | |||
Principal | $ 12,917 | [12],[25] | $ 12,917 | [13],[27] | |||
Cost | 12,838 | [12],[25] | 12,829 | [13],[27] | |||
Fair value | $ 12,217 | [12],[25] | $ 12,089 | [13],[27] | |||
Investment, Identifier [Axis]: Research Now Group, Inc. and Survey Sampling International, LLC, Secured Debt | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.07% | [14],[25] | 11.14% | [15],[27] | |||
Spread (as a percent) | 5.50% | [14],[25] | 5.50% | [15],[27] | |||
Principal | $ 9,665 | [14],[25] | $ 9,691 | [15],[27] | |||
Cost | 9,665 | [14],[25] | 9,691 | [15],[27] | |||
Fair value | $ 5,832 | [14],[25] | $ 7,237 | [15],[27] | |||
Investment, Identifier [Axis]: Richardson Sales Solutions, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.82% | [12],[25],[43] | 18.47% | [13],[27],[57] | |||
Spread (as a percent) | 6.50% | [12],[25],[43] | 6.50% | [13],[27],[57] | |||
Principal | $ 455 | [12],[25],[43] | $ 833 | [13],[27],[57] | |||
Cost | 405 | [12],[25],[43] | 781 | [13],[27],[57] | |||
Fair value | $ 451 | [12],[25],[43] | $ 818 | [13],[27],[57] | |||
Investment, Identifier [Axis]: Richardson Sales Solutions, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.82% | [12],[25] | 11.88% | [13],[27] | |||
Spread (as a percent) | 6.50% | [12],[25] | 6.50% | [13],[27] | |||
Principal | $ 10,487 | [12],[25] | $ 10,553 | [13],[27] | |||
Cost | 10,210 | [12],[25] | 10,261 | [13],[27] | |||
Fair value | $ 10,408 | [12],[25] | $ 10,362 | [13],[27] | |||
Investment, Identifier [Axis]: Robbins Bros. Jewelry, Inc., Preferred Equity | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 1,230 | 1,230 | |||||
Cost | $ 1,230 | $ 1,230 | |||||
Fair value | $ 0 | 0 | 1,100 | 1,650 | |||
Investment, Identifier [Axis]: Robbins Bros. Jewelry, Inc., Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.50% | ||||||
Principal | $ 0 | [24] | 0 | [26] | |||
Cost | (5) | [24] | (6) | [26] | |||
Fair value | $ (5) | [24] | $ (6) | [26] | $ (7) | (8) | |
Investment, Identifier [Axis]: Robbins Bros. Jewelry, Inc., Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.50% | 12.50% | 12.50% | ||||
Principal | $ 3,740 | $ 3,790 | |||||
Cost | 3,699 | 3,745 | |||||
Fair value | $ 2,708 | $ 3,421 | $ 3,882 | 3,902 | |||
Investment, Identifier [Axis]: Roof Opco, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Spread (as a percent) | 6.50% | [12],[24],[25] | 6.50% | [13],[26],[27] | |||
Principal | $ 0 | [12],[24],[25] | $ 0 | [13],[26],[27] | |||
Cost | (9) | [12],[24],[25] | (10) | [13],[26],[27] | |||
Fair value | $ 0 | [12],[24],[25] | $ 0 | [13],[26],[27] | |||
Investment, Identifier [Axis]: Roof Opco, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.09% | [12],[25] | 12.16% | [13],[27] | |||
Spread (as a percent) | 6.50% | [12],[25] | 6.50% | [13],[27] | |||
Principal | $ 4,219 | [12],[25] | $ 4,219 | [13],[27] | |||
Cost | 4,156 | [12],[25] | 4,150 | [13],[27] | |||
Fair value | $ 4,149 | [12],[25] | $ 4,142 | [13],[27] | |||
Investment, Identifier [Axis]: Roof Opco, LLC, Secured Debt 3 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 14.09% | [12],[25] | 14.16% | [13],[27] | |||
Spread (as a percent) | 8.50% | [12],[25] | 8.50% | [13],[27] | |||
Principal | $ 4,219 | [12],[25] | $ 4,219 | [13],[27] | |||
Cost | 4,156 | [12],[25] | 4,150 | [13],[27] | |||
Fair value | $ 4,089 | [12],[25] | $ 4,082 | [13],[27] | |||
Investment, Identifier [Axis]: Rug Doctor, LLC., Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 13.24% | [12],[25] | 13.54% | [13],[27] | |||
Spread (as a percent) | 5.75% | [12],[25] | 6% | [13],[27] | |||
PIK Rate | 2% | [12],[25] | 2% | [13],[27] | |||
Principal | $ 6,443 | [12],[25] | $ 6,410 | [13],[27] | |||
Cost | 6,425 | [12],[25] | 6,389 | [13],[27] | |||
Fair value | $ 6,443 | [12],[25] | $ 6,383 | [13],[27] | |||
Investment, Identifier [Axis]: Rug Doctor, LLC., Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 13.24% | [12],[25] | 13.54% | [13],[27] | |||
Spread (as a percent) | 5.75% | [12],[25] | 6% | [13],[27] | |||
PIK Rate | 2% | [12],[25] | 2% | [13],[27] | |||
Principal | $ 8,838 | [12],[25] | $ 9,022 | [13],[27] | |||
Cost | 8,811 | [12],[25] | 8,991 | [13],[27] | |||
Fair value | $ 8,838 | [12],[25] | $ 8,984 | [13],[27] | |||
Investment, Identifier [Axis]: SI East, LLC, Preferred Member Units | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 55 | [29] | 55 | [30] | |||
Cost | $ 508 | [29] | $ 508 | [30] | |||
Fair value | $ 6,390 | [29] | $ 6,390 | [30] | 4,550 | 4,550 | |
Investment, Identifier [Axis]: SI East, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.25% | 11.25% | |||||
Principal | $ 375 | $ 375 | |||||
Cost | 370 | 370 | |||||
Fair value | $ 375 | $ 375 | $ 0 | 0 | |||
Investment, Identifier [Axis]: SI East, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.45% | 12.47% | 9.50% | ||||
Principal | $ 18,179 | $ 18,179 | |||||
Cost | 18,027 | 18,019 | |||||
Fair value | $ 18,179 | $ 18,179 | $ 28,179 | 29,929 | |||
Investment, Identifier [Axis]: SPAU Holdings, LLC, Common Stock | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 200,000 | [12] | 200,000 | [13] | |||
Cost | $ 200 | [12] | $ 200 | [13] | |||
Fair value | $ 190 | [12] | $ 160 | [13] | |||
Investment, Identifier [Axis]: SPAU Holdings, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | [12],[25] | 12.96% | |||||
Spread (as a percent) | 7.50% | [12],[25] | 8% | [13],[26],[27] | |||
Principal | $ 300 | [12],[25] | $ 0 | [13],[26],[27] | |||
Cost | 287 | [12],[25] | (14) | [13],[26],[27] | |||
Fair value | $ 300 | [12],[25] | $ 0 | [13],[26],[27] | |||
Investment, Identifier [Axis]: SPAU Holdings, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.96% | [12],[25] | 13.72% | [13],[27] | |||
Spread (as a percent) | 7.50% | [12],[25] | 8% | [13],[27] | |||
Principal | $ 4,913 | [12],[25] | $ 4,925 | [13],[27] | |||
Cost | 4,849 | [12],[25] | 4,857 | [13],[27] | |||
Fair value | $ 4,912 | [12],[25] | $ 4,925 | [13],[27] | |||
Investment, Identifier [Axis]: Slick Innovations, LLC, Common Stock | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 17,500 | 17,500 | |||||
Cost | $ 0 | $ 114 | |||||
Fair value | $ 460 | $ 600 | |||||
Investment, Identifier [Axis]: Slick Innovations, LLC, Secured Debt | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 14% | 14% | |||||
Principal | $ 4,720 | $ 2,860 | |||||
Cost | 4,573 | 2,777 | |||||
Fair value | $ 4,720 | $ 2,860 | |||||
Investment, Identifier [Axis]: Sonic Systems International, LLC, Common Stock | |||||||
Schedule of Investments [Line Items] | |||||||
Fair value | $ 1,430 | 1,490 | |||||
Investment, Identifier [Axis]: Sonic Systems International, LLC, Secured Debt | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.26% | ||||||
Spread (as a percent) | 7.50% | ||||||
Fair value | $ 18,425 | 18,425 | |||||
Investment, Identifier [Axis]: South Coast Terminals Holdings, LLC, Common Equity | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 61 | [12] | 60,606 | [13] | |||
Cost | $ 61 | [12] | $ 61 | [13] | |||
Fair value | $ 59 | [12] | $ 59 | [13] | |||
Investment, Identifier [Axis]: South Coast Terminals Holdings, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | [13],[27] | 11.46% | |||||
Spread (as a percent) | 6% | [12],[24],[25] | 6% | [13],[27] | |||
Principal | $ 0 | [12],[24],[25] | $ 38 | [13],[27] | |||
Cost | (4) | [12],[24],[25] | 34 | [13],[27] | |||
Fair value | $ (4) | [12],[24],[25] | $ 34 | [13],[27] | |||
Investment, Identifier [Axis]: South Coast Terminals Holdings, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.43% | [12],[25] | 11.70% | [13],[27] | |||
Spread (as a percent) | 6% | [12],[25] | 6% | [13],[27] | |||
Principal | $ 2,839 | [12],[25] | $ 2,979 | [13],[27] | |||
Cost | 2,808 | [12],[25] | 2,943 | [13],[27] | |||
Fair value | $ 2,839 | [12],[25] | $ 2,979 | [13],[27] | |||
Investment, Identifier [Axis]: Student Resource Center, LLC, Preferred Equity | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 6,564,055 | [12] | 6,564,055 | [13] | |||
Cost | $ 0 | [12] | $ 0 | [13] | |||
Fair value | $ 0 | [12] | $ 0 | [13] | $ 0 | 0 | |
Investment, Identifier [Axis]: Student Resource Center, LLC, Secured Debt | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 8.50% | [12],[35] | 8.50% | [13],[36] | 13.69% | ||
Spread (as a percent) | 8.50% | ||||||
PIK Rate | 8.50% | [12],[35] | 8.50% | [13],[36] | |||
Principal | $ 5,918 | [12],[35] | $ 5,918 | [13],[36] | |||
Cost | 5,425 | [12],[35] | 5,426 | [13],[36] | |||
Fair value | $ 1,925 | [12],[35] | $ 3,543 | [13],[36] | $ 5,063 | 5,063 | |
Investment, Identifier [Axis]: Tedder Industries, LLC, Preferred Member Units 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 1,738 | 1,651 | |||||
Cost | $ 165 | $ 165 | |||||
Fair value | $ 0 | $ 0 | 1,718 | 1,920 | |||
Investment, Identifier [Axis]: Tedder Industries, LLC, Preferred Member Units 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 1,323 | 1,411 | |||||
Cost | $ 141 | $ 141 | |||||
Fair value | $ 0 | $ 0 | $ 83 | 0 | |||
Investment, Identifier [Axis]: Tedder Industries, LLC, Preferred Member Units 3 | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 136 | 136 | |||||
Cost | $ 2,311 | $ 2,311 | |||||
Fair value | $ 0 | $ 0 | |||||
Investment, Identifier [Axis]: Tedder Industries, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12% | [37] | 12% | [38] | 12% | ||
Principal | $ 460 | [37] | $ 460 | [38] | |||
Cost | 460 | [37] | 460 | [38] | |||
Fair value | $ 432 | [37] | $ 432 | [38] | $ 460 | 460 | |
Investment, Identifier [Axis]: Tedder Industries, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12% | [37] | 12% | [38] | 12% | ||
Principal | $ 3,800 | [37] | $ 3,800 | [38] | |||
Cost | 3,800 | [37] | 3,800 | [38] | |||
Fair value | $ 1,985 | [37] | $ 3,565 | [38] | $ 3,781 | 3,780 | |
Investment, Identifier [Axis]: Tex Tech Tennis, LLC, Preferred Equity | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 1,000,000 | [12],[39] | 1,000,000 | [13],[40] | |||
Cost | $ 1,000 | [12],[39] | $ 1,000 | [13],[40] | |||
Fair value | $ 2,680 | [12],[39] | $ 2,840 | [13],[40] | |||
Investment, Identifier [Axis]: The Affiliati Network, LLC, Preferred Stock 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 59,027 | 43,027 | |||||
Cost | $ 59 | $ 43 | |||||
Fair value | $ 59 | $ 43 | |||||
Investment, Identifier [Axis]: The Affiliati Network, LLC, Preferred Stock 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 320,000 | [29] | 320,000 | [30] | |||
Cost | $ 1,600 | [29] | $ 1,600 | [30] | |||
Fair value | 1,600 | [29] | $ 1,600 | [30] | |||
Investment, Identifier [Axis]: The Affiliati Network, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 13% | ||||||
Principal | 0 | [24] | $ 40 | ||||
Cost | (2) | [24] | 37 | ||||
Fair value | $ (2) | [24] | $ 37 | ||||
Investment, Identifier [Axis]: The Affiliati Network, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 13% | 13% | |||||
Principal | $ 1,780 | $ 1,880 | |||||
Cost | 1,761 | 1,858 | |||||
Fair value | $ 1,744 | $ 1,841 | |||||
Investment, Identifier [Axis]: Titan Meter Midco Corp., Preferred Equity | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | [12] | 468,750 | |||||
Cost | [12] | $ 469 | |||||
Fair value | [12] | $ 469 | |||||
Investment, Identifier [Axis]: Titan Meter Midco Corp., Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Spread (as a percent) | [12],[24],[25] | 6.50% | |||||
Principal | [12],[24],[25] | $ 0 | |||||
Cost | [12],[24],[25] | (48) | |||||
Fair value | [12],[24],[25] | $ (48) | |||||
Investment, Identifier [Axis]: Titan Meter Midco Corp., Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | [12],[25] | 11.82% | |||||
Spread (as a percent) | [12],[25] | 6.50% | |||||
Principal | [12],[25] | $ 13,147 | |||||
Cost | [12],[25] | 12,695 | |||||
Fair value | [12],[25] | $ 12,695 | |||||
Investment, Identifier [Axis]: Trantech Radiator Topco, LLC, Common Stock | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 154 | [29] | 154 | [30] | |||
Cost | $ 1,164 | [29] | $ 1,164 | [30] | |||
Fair value | $ 2,900 | [29] | 3,180 | [30] | 2,330 | 1,950 | |
Investment, Identifier [Axis]: Trantech Radiator Topco, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.50% | ||||||
Principal | $ 0 | [24] | 0 | [26] | |||
Cost | (1) | [24] | (1) | [26] | |||
Fair value | $ 0 | [24] | $ 0 | [26] | $ 0 | 0 | |
Investment, Identifier [Axis]: Trantech Radiator Topco, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 13.50% | 12% | 12% | ||||
Principal | $ 1,980 | $ 1,980 | |||||
Cost | 1,956 | 1,975 | |||||
Fair value | $ 1,980 | $ 1,980 | $ 1,980 | 1,980 | |||
Investment, Identifier [Axis]: U.S. TelePacific Corp., Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.49% | [14],[25],[35] | 12.53% | [15],[27],[36] | |||
Spread (as a percent) | 7.15% | [14],[25],[35] | 7.15% | [15],[27],[36] | |||
PIK Rate | 6% | [14],[25],[35] | 6% | [15],[27],[36] | |||
Principal | $ 6,802 | [14],[25],[35] | $ 6,802 | [15],[27],[36] | |||
Cost | 2,505 | [14],[25],[35] | 2,623 | [15],[27],[36] | |||
Fair value | 2,604 | [14],[25],[35] | 2,438 | [15],[27],[36] | |||
Investment, Identifier [Axis]: U.S. TelePacific Corp., Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Principal | 692 | [14],[35] | 692 | [15],[36] | |||
Cost | 15 | [14],[35] | 15 | [15],[36] | |||
Fair value | $ 0 | [14],[35] | $ 0 | [15],[36] | |||
Investment, Identifier [Axis]: USA DeBusk LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.43% | [12],[25] | 11.46% | [13],[27] | |||
Spread (as a percent) | 6% | [12],[25] | 6% | [13],[27] | |||
Principal | $ 12,373 | [12],[25] | $ 12,405 | [13],[27] | |||
Cost | 12,285 | [12],[25] | 12,308 | [13],[27] | |||
Fair value | $ 12,373 | [12],[25] | $ 12,405 | [13],[27] | |||
Investment, Identifier [Axis]: USA DeBusk LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.93% | [12],[25] | 11.96% | [13],[27] | |||
Spread (as a percent) | 6.50% | [12],[25] | 6.50% | [13],[27] | |||
Principal | $ 4,813 | [12],[25] | $ 4,825 | [13],[27] | |||
Cost | 4,738 | [12],[25] | 4,742 | [13],[27] | |||
Fair value | $ 4,813 | [12],[25] | $ 4,825 | [13],[27] | |||
Investment, Identifier [Axis]: USA DeBusk LLC, Secured Debt 3 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.93% | [12],[25] | 11.96% | [13],[27] | |||
Spread (as a percent) | 6.50% | [12],[25] | 6.50% | [13],[27] | |||
Principal | $ 2,509 | [12],[25] | $ 2,515 | [13],[27] | |||
Cost | 2,467 | [12],[25] | 2,468 | [13],[27] | |||
Fair value | $ 2,509 | [12],[25] | $ 2,515 | [13],[27] | |||
Investment, Identifier [Axis]: Urgent DSO LLC, Preferred Equity | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | [29] | 1,000 | |||||
Total Rate | [29] | 9% | |||||
PIK Rate | [29] | 9% | |||||
Cost | [29] | $ 1,011 | |||||
Fair value | [29] | $ 1,011 | |||||
Investment, Identifier [Axis]: Urgent DSO LLC, Secured Debt | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 13.50% | ||||||
Principal | $ 2,200 | ||||||
Cost | 2,135 | ||||||
Fair value | $ 2,135 | ||||||
Investment, Identifier [Axis]: UserZoom Technologies, Inc., Secured Debt | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.99% | [12],[25] | 12.99% | [13],[27] | |||
Spread (as a percent) | 7.50% | [12],[25] | 7.50% | [13],[27] | |||
Principal | $ 3,000 | [12],[25] | $ 3,000 | [13],[27] | |||
Cost | 2,927 | [12],[25] | 2,923 | [13],[27] | |||
Fair value | $ 3,000 | [12],[25] | $ 3,000 | [13],[27] | |||
Investment, Identifier [Axis]: VORTEQ Coil Finishers, LLC, Common Equity | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 769,231 | [12],[29] | 769,231 | [13],[30] | |||
Cost | $ 769 | [12],[29] | $ 769 | [13],[30] | |||
Fair value | $ 1,910 | [12],[29] | $ 1,911 | [13],[30] | |||
Investment, Identifier [Axis]: VVS Holdco LLC, Preferred Equity | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 3,060 | [29],[39] | 3,060 | [30],[40] | |||
Cost | $ 3,060 | [29],[39] | $ 3,060 | [30],[40] | |||
Fair value | $ 3,060 | [29],[39] | $ 3,060 | [30],[40] | |||
Investment, Identifier [Axis]: VVS Holdco LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.48% | ||||||
Spread (as a percent) | 6% | [24],[25] | 6% | [26],[27],[38] | |||
Principal | $ 0 | [24],[25] | $ 0 | [26],[27],[38] | |||
Cost | 0 | [24],[25] | 0 | [26],[27],[38] | |||
Fair value | $ 0 | [24],[25] | $ 0 | [26],[27],[38] | |||
Investment, Identifier [Axis]: VVS Holdco LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.50% | 11.50% | |||||
Principal | $ 7,050 | $ 7,050 | |||||
Cost | 6,937 | 6,926 | |||||
Fair value | $ 6,937 | $ 6,926 | |||||
Investment, Identifier [Axis]: VVS Holdco, LLC, Preferred Equity | |||||||
Schedule of Investments [Line Items] | |||||||
Fair value | $ 3,010 | 2,990 | |||||
Investment, Identifier [Axis]: VVS Holdco, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Spread (as a percent) | 6% | ||||||
Fair value | $ (5) | (5) | |||||
Investment, Identifier [Axis]: VVS Holdco, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.50% | ||||||
Fair value | $ 7,432 | 7,421 | |||||
Investment, Identifier [Axis]: Vistar Media, Inc., Preferred Stock | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 70,207 | [12] | 70,207 | [13] | |||
Cost | $ 767 | [12] | $ 767 | [13] | |||
Fair value | $ 2,270 | [12] | $ 2,180 | [13] | |||
Investment, Identifier [Axis]: Vitesse Systems, Secured Debt | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.44% | [12],[25] | 12.63% | [13],[27] | |||
Spread (as a percent) | 7% | [12],[25] | 7% | [13],[27] | |||
Principal | $ 12,469 | [12],[25] | $ 12,500 | [13],[27] | |||
Cost | 12,177 | [12],[25] | 12,193 | [13],[27] | |||
Fair value | $ 12,227 | [12],[25] | $ 12,193 | [13],[27] | |||
Investment, Identifier [Axis]: Volusion, LLC, Common Stock | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 772,620 | 772,620 | |||||
Cost | $ 1,104 | $ 1,104 | |||||
Fair value | $ 0 | $ 0 | 0 | 0 | |||
Investment, Identifier [Axis]: Volusion, LLC, Preferred Member Units 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 2,184,683 | 2,184,683 | |||||
Cost | $ 3,271 | $ 3,706 | |||||
Fair value | 3,110 | 3,110 | 0 | 0 | |||
Investment, Identifier [Axis]: Volusion, LLC, Preferred Member Units 1.1 | |||||||
Schedule of Investments [Line Items] | |||||||
Fair value | $ 0 | $ 0 | |||||
Investment, Identifier [Axis]: Volusion, LLC, Preferred Member Units 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 61,077 | 61,077 | |||||
Cost | $ 0 | $ 0 | |||||
Fair value | 0 | 0 | 4,906 | 0 | |||
Investment, Identifier [Axis]: Volusion, LLC, Preferred Member Units 2.1 | |||||||
Schedule of Investments [Line Items] | |||||||
Fair value | $ 3,110 | $ 3,110 | |||||
Investment, Identifier [Axis]: Volusion, LLC, Preferred Member Units 3 | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 2,090,001 | 2,090,001 | |||||
Cost | $ 6,000 | $ 6,000 | |||||
Fair value | $ 0 | $ 0 | $ 0 | 0 | |||
Investment, Identifier [Axis]: Volusion, LLC, Secured Debt | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 10% | 10% | |||||
Principal | $ 900 | $ 900 | |||||
Cost | 900 | 900 | |||||
Fair value | $ 900 | $ 900 | |||||
Investment, Identifier [Axis]: Volusion, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 10% | ||||||
Fair value | $ 900 | 0 | |||||
Investment, Identifier [Axis]: Volusion, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Fair value | 0 | 6,392 | |||||
Investment, Identifier [Axis]: Volusion, LLC, Unsecured Convertible Debt | |||||||
Schedule of Investments [Line Items] | |||||||
Fair value | 0 | 0 | |||||
Investment, Identifier [Axis]: Volusion, LLC, Warrants | |||||||
Schedule of Investments [Line Items] | |||||||
Fair value | $ 0 | $ 0 | |||||
Investment, Identifier [Axis]: Wall Street Prep, Inc., Common Stock | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 500,000 | [12] | 500,000 | [13] | |||
Cost | $ 500 | [12] | $ 500 | [13] | |||
Fair value | $ 1,030 | [12] | $ 910 | [13] | |||
Investment, Identifier [Axis]: Wall Street Prep, Inc., Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Spread (as a percent) | 7% | [12],[24],[25] | 7% | [13],[26],[27] | |||
Principal | $ 0 | [12],[24],[25] | $ 0 | [13],[26],[27] | |||
Cost | (5) | [12],[24],[25] | (5) | [13],[26],[27] | |||
Fair value | $ (5) | [12],[24],[25] | $ (5) | [13],[26],[27] | |||
Investment, Identifier [Axis]: Wall Street Prep, Inc., Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.48% | [12],[25] | 12.54% | [13],[27] | |||
Spread (as a percent) | 7% | [12],[25] | 7% | [13],[27] | |||
Principal | $ 4,585 | [12],[25] | $ 4,654 | [13],[27] | |||
Cost | 4,537 | [12],[25] | 4,600 | [13],[27] | |||
Fair value | $ 4,585 | [12],[25] | $ 4,654 | [13],[27] | |||
Investment, Identifier [Axis]: Watterson Brands, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.46% | [12],[25],[43] | 11.50% | [13],[27],[53] | |||
Spread (as a percent) | 6% | [12],[25],[43] | 6% | [13],[27],[53] | |||
Principal | $ 303 | [12],[25],[43] | $ 253 | [13],[27],[53] | |||
Cost | 300 | [12],[25],[43] | 249 | [13],[27],[53] | |||
Fair value | $ 303 | [12],[25],[43] | $ 253 | [13],[27],[53] | |||
Investment, Identifier [Axis]: Watterson Brands, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.46% | [12],[25] | 11.50% | [13],[27] | |||
Spread (as a percent) | 6% | [12],[25] | 6% | [13],[27] | |||
Principal | $ 52 | [12],[25] | $ 53 | [13],[27] | |||
Cost | 47 | [12],[25] | 47 | [13],[27] | |||
Fair value | $ 52 | [12],[25] | $ 53 | [13],[27] | |||
Investment, Identifier [Axis]: Watterson Brands, LLC, Secured Debt 3 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.46% | [12],[25] | 11.50% | [13],[27] | |||
Spread (as a percent) | 6% | [12],[25] | 6% | [13],[27] | |||
Principal | $ 2,161 | [12],[25] | $ 2,166 | [13],[27] | |||
Cost | 2,142 | [12],[25] | 2,146 | [13],[27] | |||
Fair value | $ 2,161 | [12],[25] | $ 2,166 | [13],[27] | |||
Investment, Identifier [Axis]: Watterson Brands, LLC, Secured Debt 4 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.46% | [12],[25] | 11.50% | [13],[27] | |||
Spread (as a percent) | 6% | [12],[25] | 6% | [13],[27] | |||
Principal | $ 1,950 | [12],[25] | $ 1,955 | [13],[27] | |||
Cost | 1,933 | [12],[25] | 1,936 | [13],[27] | |||
Fair value | $ 1,950 | [12],[25] | $ 1,955 | [13],[27] | |||
Investment, Identifier [Axis]: West Star Aviation Acquisition, LLC, Common Stock | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 200,000 | [12],[29] | 200,000 | [13] | |||
Cost | $ 200 | [12],[29] | $ 200 | [13] | |||
Fair value | $ 470 | [12],[29] | $ 390 | [13] | |||
Investment, Identifier [Axis]: West Star Aviation Acquisition, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.31% | [12],[25],[28] | 11.34% | [13],[27],[58] | |||
Spread (as a percent) | 6% | [12],[25],[28] | 6% | [13],[27],[58] | |||
Principal | $ 663 | [12],[25],[28] | $ 665 | [13],[27],[58] | |||
Cost | 653 | [12],[25],[28] | 654 | [13],[27],[58] | |||
Fair value | $ 663 | [12],[25],[28] | $ 665 | [13],[27],[58] | |||
Investment, Identifier [Axis]: West Star Aviation Acquisition, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.31% | [12],[25] | 11.35% | [13],[27] | |||
Spread (as a percent) | 6% | [12],[25] | 6% | [13],[27] | |||
Principal | $ 2,940 | [12],[25] | $ 2,948 | [13],[27] | |||
Cost | 2,902 | [12],[25] | 2,907 | [13],[27] | |||
Fair value | $ 2,940 | [12],[25] | $ 2,947 | [13],[27] | |||
Investment, Identifier [Axis]: West Star Aviation Acquisition, LLC, Secured Debt 3 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.31% | [12],[25] | 11.35% | [13],[27] | |||
Spread (as a percent) | 6% | [12],[25] | 6% | [13],[27] | |||
Principal | $ 1,463 | [12],[25] | $ 1,467 | [13],[27] | |||
Cost | 1,436 | [12],[25] | 1,438 | [13],[27] | |||
Fair value | $ 1,463 | [12],[25] | $ 1,467 | [13],[27] | |||
Investment, Identifier [Axis]: Winter Services LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 13.58% | [12],[25],[43] | 12.64% | [13],[27],[59] | |||
Spread (as a percent) | 8% | [12],[25],[43] | 7% | [13],[27],[59] | |||
Principal | $ 2,222 | [12],[25],[43] | $ 2,778 | [13],[27],[59] | |||
Cost | 2,155 | [12],[25],[43] | 2,745 | [13],[27],[59] | |||
Fair value | $ 2,181 | [12],[25],[43] | $ 2,778 | [13],[27],[59] | |||
Investment, Identifier [Axis]: Winter Services LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 13.59% | [12],[25] | 12.66% | [13],[27] | |||
Spread (as a percent) | 8% | [12],[25] | 7% | [13],[27] | |||
Principal | $ 2,583 | [12],[25] | $ 2,583 | [13],[27] | |||
Cost | 2,533 | [12],[25] | 2,528 | [13],[27] | |||
Fair value | $ 2,535 | [12],[25] | $ 2,583 | [13],[27] | |||
Investment, Identifier [Axis]: Winter Services LLC, Secured Debt 3 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.59% | [12],[25] | 12.66% | [13],[27] | |||
Spread (as a percent) | 7% | [12],[25] | 7% | [13],[27] | |||
Principal | $ 11,625 | [12],[25] | $ 11,625 | [13],[27] | |||
Cost | 11,427 | [12],[25] | 11,479 | [13],[27] | |||
Fair value | $ 11,409 | [12],[25] | $ 11,625 | [13],[27] | |||
Investment, Identifier [Axis]: Winter Services LLC, Secured Debt 4 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | [12],[25] | 12.58% | |||||
Spread (as a percent) | [12],[25] | 7% | |||||
Principal | [12],[25] | $ 8,333 | |||||
Cost | [12],[25] | 8,105 | |||||
Fair value | [12],[25] | $ 8,178 | |||||
Investment, Identifier [Axis]: World Micro Holdings, LLC, Preferred Equity | |||||||
Schedule of Investments [Line Items] | |||||||
Units (in shares) | 530 | [29] | 530 | [30] | |||
Cost | $ 530 | [29] | $ 530 | [30] | |||
Fair value | $ 530 | [29] | $ 530 | [30] | |||
Investment, Identifier [Axis]: World Micro Holdings, LLC, Secured Debt | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12% | 13% | |||||
Principal | $ 1,627 | $ 1,627 | |||||
Cost | 1,603 | 1,601 | |||||
Fair value | $ 1,603 | $ 1,601 | |||||
Investment, Identifier [Axis]: Xenon Arc, Inc., Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | [12],[25] | 11.18% | |||||
Spread (as a percent) | 5.75% | [12],[25] | 5.25% | [13],[26],[27] | |||
Principal | $ 1,185 | [12],[25] | $ 0 | [13],[26],[27] | |||
Cost | 1,162 | [12],[25] | (5) | [13],[26],[27] | |||
Fair value | $ 1,185 | [12],[25] | $ 0 | [13],[26],[27] | |||
Investment, Identifier [Axis]: Xenon Arc, Inc., Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 11.15% | [12],[25] | 11.22% | [13],[27] | |||
Spread (as a percent) | 5.75% | [12],[25] | 5.75% | [13],[27] | |||
Principal | $ 2,346 | [12],[25] | $ 1,188 | [13],[27] | |||
Cost | 2,317 | [12],[25] | 1,163 | [13],[27] | |||
Fair value | $ 2,346 | [12],[25] | $ 1,188 | [13],[27] | |||
Investment, Identifier [Axis]: Xenon Arc, Inc., Secured Debt 3 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | [13],[27] | 11.25% | |||||
Spread (as a percent) | [13],[27] | 5.75% | |||||
Principal | [13],[27] | $ 2,352 | |||||
Cost | [13],[27] | 2,321 | |||||
Fair value | [13],[27] | $ 2,352 | |||||
Investment, Identifier [Axis]: YS Garments, LLC, Secured Debt | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.93% | [14],[25] | 13% | [15],[27] | |||
Spread (as a percent) | 7.50% | [14],[25] | 7.50% | [15],[27] | |||
Principal | $ 5,537 | [14],[25] | $ 5,584 | [15],[27] | |||
Cost | 5,448 | [14],[25] | 5,485 | [15],[27] | |||
Fair value | $ 5,143 | [14],[25] | $ 5,110 | [15],[27] | |||
Investment, Identifier [Axis]: Zips Car Wash, LLC, Secured Debt 1 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.68% | [12],[25],[28] | 12.71% | [13],[27],[60] | |||
Spread (as a percent) | 7.25% | [12],[25],[28] | 7.25% | [13],[27],[60] | |||
PIK Rate | [12],[25],[28] | 1.50% | |||||
Principal | $ 2,358 | [12],[25],[28] | $ 2,356 | [13],[27],[60] | |||
Cost | 2,358 | [12],[25],[28] | 2,352 | [13],[27],[60] | |||
Fair value | $ 2,331 | [12],[25],[28] | $ 2,234 | [13],[27],[60] | |||
Investment, Identifier [Axis]: Zips Car Wash, LLC, Secured Debt 2 | |||||||
Schedule of Investments [Line Items] | |||||||
Total Rate | 12.68% | [12],[25],[28] | 12.71% | [13],[27],[60] | |||
Spread (as a percent) | 7.25% | [12],[25],[28] | 7.25% | [13],[27],[60] | |||
PIK Rate | [12],[25],[28] | 1.50% | |||||
Principal | $ 591 | [12],[25],[28] | $ 591 | [13],[27],[60] | |||
Cost | 591 | [12],[25],[28] | 589 | [13],[27],[60] | |||
Fair value | $ 584 | [12],[25],[28] | $ 555 | [13],[27],[60] | |||
[1] 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. 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. 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. 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. Money market fund interests included in cash and cash equivalents. Control investments are defined by the 1940 Act as investments in which more than 25% of the voting securities are owned or where the ability to nominate greater than 50% of the board representation is maintained. Control investments are defined by the 1940 Act as investments in which more than 25% of the voting securities are owned or where the ability to nominate greater than 50% of the board representation is maintained. Affiliate investments are defined by the 1940 Act as investments in which between 5% and 25% (inclusive) of the voting securities are owned and the investments are not classified as Control investments. Affiliate investments are defined by the 1940 Act as investments in which between 5% and 25% (inclusive) of the voting securities are owned and the investments are not classified as Control investments. Non-Control/Non-Affiliate investments are defined by the 1940 Act as investments that are neither Control investments nor Affiliate investments. Non-Control/Non-Affiliate investments are defined by the 1940 Act as investments that are neither Control investments nor Affiliate investments. Private Loan portfolio investment. See Note C—Fair Value Hierarchy for Investments—Portfolio Composition for a description of Private Loan portfolio investments. Private Loan portfolio investment. See Note C — Fair Value Hierarchy for Investments — Portfolio Composition for a description of Private Loan portfolio investments. Middle Market portfolio investment. See Note C—Fair Value Hierarchy for Investments—Portfolio Composition for a description of Middle Market portfolio investments. Middle Market portfolio investment. See Note C — Fair Value Hierarchy for Investments — Portfolio Composition for a description of Middle Market portfolio investments. Investment is not a qualifying asset as defined under Section 55(a) of the 1940 Act. Qualifying assets must represent at least 70% of total assets at the time of acquisition of any additional non-qualifying assets. Portfolio company headquarters are located outside of the United States. Investment is not a qualifying asset as defined under Section 55(a) of the 1940 Act. Qualifying assets must represent at least 70% of total assets at the time of acquisition of any additional non-qualifying assets. Portfolio company headquarters are located outside of the United States. Other Portfolio investment. See Note C—Fair Value Hierarchy for Investments—Portfolio Composition for a description of Other Portfolio investments. Other Portfolio investment. See Note C — Fair Value Hierarchy for Investments — Portfolio Composition for a description of Other Portfolio investments. Warrants are presented in equivalent shares/units with a strike price of $0.01 per share/unit. Warrants are presented in equivalent shares/units with a strike price of $0.01 per share/unit. The position is unfunded and no interest income is being earned as of March 31, 2024. The position may earn a nominal unused facility fee on committed amounts. Index based floating interest rate is subject to contractual minimum interest rate. As noted in this schedule, 95% of the loans (based on the par amount) contain LIBOR or Term SOFR (“SOFR”) floors which range between 0.75% and 5.25%, with a weighted-average floor of 1.21%. The position is unfunded and no interest income is being earned as of December 31, 2023. The position may earn a nominal unused facility fee on committed amounts. Index based floating interest rate is subject to contractual minimum interest rate. As noted in this schedule, 95% of these floating rate loans (based on the par amount) contain LIBOR or SOFR floors which range between 0.75% and 2.00%, with a weighted-average floor of 1.17%. Each new draw or funding on the facility has a different floating rate reset date. The rate presented represents a weighted-average rate for borrowings under the facility, as of March 31, 2024. Income producing through dividends or distributions. Income producing through dividends or distributions. Warrants are presented in equivalent shares/units with a strike price of $1.00 per share/unit. Warrants are presented in equivalent shares/units with a strike price of $1.00 per share/unit. Index based floating interest rate is subject to contractual maximum base rate of 3.00%. Index based floating interest rate is subject to contractual maximum base rate of 3.00%. Non-accrual and non-income producing debt investment. Non-accrual and non-income producing debt investment. Maturity date is under on-going negotiations with the portfolio company and other lenders, if applicable. Maturity date is under on-going negotiations with the portfolio company and other lenders, if applicable. Shares/Units represent ownership in a related Real Estate or HoldCo entity. Shares/Units represent ownership in a related Real Estate or HoldCo entity. Investment is not unitized. Presentation is made in percent of fully diluted ownership unless otherwise indicated. Investment is not unitized. Presentation is made in percent of fully diluted ownership unless otherwise indicated. RLOC facility permits the borrower to make an interest rate election regarding the base rate on each draw under the facility. The rate presented represents a weighted-average rate for borrowings under the facility, as of March 31, 2024. As of December 31, 2023, borrowings under the loan facility bore interest at SOFR+7.00% (Floor 2.00%). RLOC facility permits the borrower to make an interest rate election regarding the base rate on each draw under the facility. The rate presented represents a weighted-average rate for borrowings under the facility, as of December 31, 2023. As of December 31, 2023, borrowings under the loan facility bore interest at SOFR+8.00% (Floor 1.00%). RLOC facility permits the borrower to make an interest rate election regarding the base rate on each draw under the facility. The rate presented represents a weighted-average rate for borrowings under the facility, as of December 31, 2023. Effective yield as of December 31, 2023 was approximately 5.25% on the Fidelity Government Portfolio Class III Fund. Effective yield as of March 31, 2024 was approximately 5.17% on the First American Treasury Obligations Fund Class Z. Effective yield as of December 31, 2023 was approximately 5.23% on the First American Treasury Obligations Fund Class Z. As of December 31, 2023, borrowings under the loan facility bore interest at SOFR+7.00% (Floor 1.50%). RLOC facility permits the borrower to make an interest rate election regarding the base rate on each draw under the facility. The rate presented represents a weighted-average rate for borrowings under the facility, as of December 31, 2023. As of December 31, 2023, borrowings under the loan facility bore interest at SOFR+6.75% (Floor 1.00%). RLOC facility permits the borrower to make an interest rate election regarding the base rate on each draw under the facility. The rate presented represents a weighted-average rate for borrowings under the facility, as of December 31, 2023. As of December 31, 2023, borrowings under the loan facility bore interest at SOFR+8.00% (Floor 2.00%). RLOC facility permits the borrower to make an interest rate election regarding the base rate on each draw under the facility. The rate presented represents a weighted-average rate for borrowings under the facility, as of December 31, 2023. As of December 31, 2023, borrowings under the loan facility bore interest at SOFR+10.00%. RLOC facility permits the borrower to make an interest rate election regarding the base rate on each draw under the facility. The rate presented represents a weighted-average rate for borrowings under the facility, as of December 31, 2023. As of December 31, 2023, borrowings under the loan facility bore interest at SOFR+6.00% (Floor 1.00%). RLOC facility permits the borrower to make an interest rate election regarding the base rate on each draw under the facility. The rate presented represents a weighted-average rate for borrowings under the facility, as of December 31, 2023. As of December 31, 2023, borrowings under the loan facility bear interest at SOFR+7.00% (Floor 1.00%). Each new draw or funding on the facility has a different floating rate reset date. The rate presented represents a weighted-average rate for borrowings under the facility, as of December 31, 2023. As of December 31, 2023, borrowings under the loan facility bore interest at SOFR+7.25% (Floor 1.00%). RLOC facility permits the borrower to make an interest rate election regarding the base rate on each draw under the facility. The rate presented represents a weighted-average rate for borrowings under the facility, as of December 31, 2023. As of December 31, 2023, borrowings under the loan facility bore interest at SOFR+5.75% (Floor 1.00%). Each new draw or funding on the facility has a different floating rate reset date. The rate presented represents a weighted-average rate for borrowings under the facility, as of December 31, 2023. As of December 31, 2023, borrowings under the loan facility bore interest at SOFR+6.50% (Floor 2.00%). RLOC facility permits the borrower to make an interest rate election regarding the base rate on each draw under the facility. The rate presented represents a weighted-average rate for borrowings under the facility, as of December 31, 2023. As of December 31, 2023, borrowings under the loan facility bore interest at SOFR+6.00% (Floor 0.75%). Each new draw or funding on the facility has a different floating rate reset date. The rate presented represents a weighted-average rate for borrowings under the facility, as of December 31, 2023. As of December 31, 2023, borrowings under the loan facility bore interest at SOFR+7.00% (Floor 1.00%). RLOC facility permits the borrower to make an interest rate election regarding the base rate on each draw under the facility. The rate presented represents a weighted-average rate for borrowings under the facility, as of December 31, 2023. As of December 31, 2023, borrowings under the loan facility bore interest at SOFR+7.25% (Floor 1.00%). Each new draw or funding on the facility has a different floating rate reset date. The rate presented represents a weighted-average rate for borrowings under the facility, as of December 31, 2023. |
Consolidated Schedule of Inve_2
Consolidated Schedule of Investments (Parenthetical) - $ / shares | 3 Months Ended | 12 Months Ended | ||||
Mar. 31, 2024 | Dec. 31, 2023 | Mar. 31, 2023 | ||||
Schedule of Investments [Line Items] | ||||||
Percentage of loans with variable rate floors (as a percent) | 95% | 95% | ||||
Strike price (in dollars per share) | $ 1 | |||||
Jackmont Hospitality, Inc. | ||||||
Schedule of Investments [Line Items] | ||||||
Floor rate (as a percent) | 1% | |||||
Imaging Business Machines, L.L.C. | ||||||
Schedule of Investments [Line Items] | ||||||
Floor rate (as a percent) | 1.50% | |||||
Computer Data Source, LLC | ||||||
Schedule of Investments [Line Items] | ||||||
Floor rate (as a percent) | 1% | |||||
Inspire Aesthetics Management, LLC | ||||||
Schedule of Investments [Line Items] | ||||||
Floor rate (as a percent) | 2% | |||||
RA Outdoors LLC | ||||||
Schedule of Investments [Line Items] | ||||||
Floor rate (as a percent) | 1% | |||||
Industrial Services Acquisition, LLC | ||||||
Schedule of Investments [Line Items] | ||||||
Floor rate (as a percent) | 1% | |||||
Zips Car Wash, LLC | ||||||
Schedule of Investments [Line Items] | ||||||
Floor rate (as a percent) | 1% | |||||
Richardson Sales Solutions | ||||||
Schedule of Investments [Line Items] | ||||||
Floor rate (as a percent) | 2% | |||||
Winter Services LLC | ||||||
Schedule of Investments [Line Items] | ||||||
Floor rate (as a percent) | 1% | |||||
Watterson Brands, LLC | ||||||
Schedule of Investments [Line Items] | ||||||
Floor rate (as a percent) | 1% | |||||
JTI Electrical & Mechanical, LLC | ||||||
Schedule of Investments [Line Items] | ||||||
Floor rate (as a percent) | 1% | |||||
West Star Aviation Acquisition, LLC | ||||||
Schedule of Investments [Line Items] | ||||||
Floor rate (as a percent) | 0.75% | |||||
Paragon Healthcare, Inc. | ||||||
Schedule of Investments [Line Items] | ||||||
Floor rate (as a percent) | 1% | |||||
Channel Partners Intermediateco, LLC | ||||||
Schedule of Investments [Line Items] | ||||||
Floor rate (as a percent) | 2% | |||||
PTL US Bidco, Inc | ||||||
Schedule of Investments [Line Items] | ||||||
Floor rate (as a percent) | 1% | |||||
Investment, Identifier [Axis]: AAC Holdings, Inc., Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 18% | [1] | 18% | [2] | ||
Investment, Identifier [Axis]: AAC Holdings, Inc., Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 18% | [1] | 18% | [2] | ||
Investment, Identifier [Axis]: AAC Holdings, Inc., Warrants | ||||||
Schedule of Investments [Line Items] | ||||||
Strike price (in dollars per share) | $ 0.01 | $ 0.01 | ||||
Investment, Identifier [Axis]: AB Centers Acquisition Corporation, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 5% | [3],[4],[5] | 5% | [6],[7],[8] | ||
Investment, Identifier [Axis]: AB Centers Acquisition Corporation, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6% | [3],[5],[9] | 6% | [6],[8] | ||
Interest rate (as a percent) | 11.43% | [3],[5],[9] | 11.43% | [6],[8] | ||
Investment, Identifier [Axis]: AB Centers Acquisition Corporation, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6% | [3],[5] | 6% | [6],[8] | ||
Interest rate (as a percent) | 11.43% | [3],[5] | 11.43% | [6],[8] | ||
Investment, Identifier [Axis]: AB Centers Acquisition Corporation, Secured Debt 4 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6% | [3],[5] | 6% | [6],[8] | ||
Interest rate (as a percent) | 11.43% | [3],[5] | 11.43% | [6],[8] | ||
Investment, Identifier [Axis]: ADS Tactical, Inc., Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 5.75% | [1],[5] | 5.75% | [2],[8] | ||
Interest rate (as a percent) | 11.19% | [1],[5] | 11.22% | [2],[8] | ||
Investment, Identifier [Axis]: AMEREQUIP LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | [6],[7],[8] | 7.40% | ||||
Investment, Identifier [Axis]: AMEREQUIP LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | [6],[8] | 7.40% | ||||
Interest rate (as a percent) | [6],[8] | 12.76% | ||||
Investment, Identifier [Axis]: ASK (Analytical Systems Keco Holdings, LLC), Preferred Member Units 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 14.13% | |||||
Investment, Identifier [Axis]: ASK (Analytical Systems Keco Holdings, LLC), Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 10% | |||||
Investment, Identifier [Axis]: ASK (Analytical Systems Keco Holdings, LLC), Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 10% | |||||
Interest rate (as a percent) | 14.75% | |||||
Investment, Identifier [Axis]: ATS Operating, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6.50% | [3],[5] | 6.50% | [6],[8] | ||
Interest rate (as a percent) | 12.09% | [3],[5] | 12.16% | [6],[8] | ||
Investment, Identifier [Axis]: ATS Operating, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 5.50% | [3],[5] | 5.50% | [6],[8] | ||
Interest rate (as a percent) | 11.09% | [3],[5] | 11.16% | [6],[8] | ||
Investment, Identifier [Axis]: ATS Operating, LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7.50% | [3],[5] | 7.50% | [6],[8] | ||
Interest rate (as a percent) | 13.09% | [3],[5] | 13.16% | [6],[8] | ||
Investment, Identifier [Axis]: ATX Networks Corp., Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7.50% | |||||
Investment, Identifier [Axis]: AVEX Aviation Holdings, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7.25% | [3],[4],[5] | 7.25% | [6],[7],[8] | ||
Investment, Identifier [Axis]: AVEX Aviation Holdings, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7.25% | [3],[5] | 7.25% | [6],[8] | ||
Interest rate (as a percent) | 12.71% | [3],[5] | 12.76% | [6],[8] | ||
Investment, Identifier [Axis]: Acumera, Inc., Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7% | [3],[4],[5] | 7.50% | [6],[7],[8] | ||
Investment, Identifier [Axis]: Acumera, Inc., Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7% | [3],[5] | 7.50% | [6],[8] | ||
Interest rate (as a percent) | 12.43% | [3],[5] | 12.98% | [6],[8] | ||
Investment, Identifier [Axis]: Acumera, Inc., Warrants | ||||||
Schedule of Investments [Line Items] | ||||||
Strike price (in dollars per share) | $ 1 | |||||
Investment, Identifier [Axis]: Adams Publishing Group, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7% | [3],[5],[10] | 7% | [6],[8],[11] | ||
Interest rate (as a percent) | 3% | 3% | ||||
Interest rate (as a percent) | 11% | [3],[5],[10] | 11% | [6],[8],[11] | ||
Investment, Identifier [Axis]: Adams Publishing Group, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7% | [3],[5],[10] | 7% | [6],[8],[11] | ||
Interest rate (as a percent) | 3% | 3% | ||||
Interest rate (as a percent) | 11% | [3],[5],[10] | 11% | [6],[8],[11] | ||
Investment, Identifier [Axis]: American Health Staffing Group, Inc., Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 5% | [3],[4],[5] | 5% | [6],[7],[8] | ||
Investment, Identifier [Axis]: American Health Staffing Group, Inc., Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6% | [3],[5] | 5% | [6],[8] | ||
Interest rate (as a percent) | 11.61% | [3],[5] | 13.50% | [6],[8] | ||
Investment, Identifier [Axis]: American Nuts, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 9.75% | [3],[5] | 9.75% | [6],[8] | ||
Interest rate (as a percent) | 15.23% | [3],[5] | 15.29% | [6],[8] | ||
Investment, Identifier [Axis]: American Nuts, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 11.75% | [3],[5],[12] | 9.75% | [6],[8] | ||
Interest rate (as a percent) | 17.23% | [3],[5],[12] | 15.29% | [6],[8] | ||
Investment, Identifier [Axis]: American Nuts, LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | [6],[8],[13] | 11.75% | ||||
Interest rate (as a percent) | [6],[8],[13] | 17.29% | ||||
Investment, Identifier [Axis]: American Nuts, LLC, Secured Debt 4 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | [6],[8],[13] | 11.75% | ||||
Interest rate (as a percent) | [6],[8],[13] | 17.29% | ||||
Investment, Identifier [Axis]: Analytical Systems Keco Holdings, LLC, Preferred Member Units 1.1 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 14.13% | |||||
Investment, Identifier [Axis]: Analytical Systems Keco Holdings, LLC, Preferred Member Units 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 14.13% | 14.13% | ||||
Investment, Identifier [Axis]: Analytical Systems Keco Holdings, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 10% | [5] | 10% | [8] | ||
Interest rate (as a percent) | 15.38% | [5] | 15.38% | [8] | ||
Investment, Identifier [Axis]: Analytical Systems Keco Holdings, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 10% | [5] | 10% | [8] | ||
Interest rate (as a percent) | 15.38% | [5] | 15.38% | [8] | ||
Investment, Identifier [Axis]: Analytical Systems Keco Holdings, LLC, Warrants | ||||||
Schedule of Investments [Line Items] | ||||||
Strike price (in dollars per share) | $ 0.01 | $ 0.01 | ||||
Investment, Identifier [Axis]: ArborWorks, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 15% | [3] | 15% | [6] | ||
Investment, Identifier [Axis]: ArborWorks, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6.50% | [3],[5] | 6.50% | [6],[8] | ||
Interest rate (as a percent) | 11.94% | [3],[5] | 12.04% | [6],[8] | ||
Investment, Identifier [Axis]: BP Loenbro Holdings Inc., Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | [3],[4],[5] | 6.25% | ||||
Investment, Identifier [Axis]: BP Loenbro Holdings Inc., Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | [3],[4],[5] | 6.25% | ||||
Investment, Identifier [Axis]: BP Loenbro Holdings Inc., Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | [3],[5] | 6.25% | ||||
Interest rate (as a percent) | [3],[5] | 11.66% | ||||
Investment, Identifier [Axis]: Batjer TopCo, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 10% | |||||
Investment, Identifier [Axis]: Batjer TopCo, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 10% | 10% | 11% | |||
Investment, Identifier [Axis]: Batjer TopCo, LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 10% | 10% | ||||
Investment, Identifier [Axis]: Bettercloud, Inc., Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7.25% | [3],[4],[5] | 7.25% | [6],[7],[8] | ||
Investment, Identifier [Axis]: Bettercloud, Inc., Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7.25% | [3],[5] | 7.25% | [6],[8] | ||
Interest rate (as a percent) | 12.59% | [3],[5] | 12.64% | [6],[8] | ||
Investment, Identifier [Axis]: Bluestem Brands, Inc., Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | [2],[8] | 7.50% | ||||
Interest rate (as a percent) | 8.50% | [1],[4],[5] | 16% | [2],[8] | ||
Investment, Identifier [Axis]: Bluestem Brands, Inc., Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7.50% | [1],[5] | 8.50% | [2],[8] | ||
Interest rate (as a percent) | 16% | [1],[5] | 13.96% | [2],[8] | ||
Investment, Identifier [Axis]: Bluestem Brands, Inc., Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | [1],[5] | 8.50% | ||||
Interest rate (as a percent) | [1],[5] | 13.94% | ||||
Investment, Identifier [Axis]: Bluestem Brands, Inc., Warrants | ||||||
Schedule of Investments [Line Items] | ||||||
Strike price (in dollars per share) | $ 0.01 | $ 0.01 | ||||
Investment, Identifier [Axis]: Boccella Precast Products LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 10% | 10% | ||||
Investment, Identifier [Axis]: Bond Brand Loyalty ULC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7% | [3],[4],[5],[14],[15] | 7% | [6],[7],[8],[16],[17] | ||
Investment, Identifier [Axis]: Bond Brand Loyalty ULC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6% | [3],[5],[14],[15] | 6% | [6],[8],[16],[17] | ||
Interest rate (as a percent) | 11.48% | [3],[5],[14],[15] | 11.54% | [6],[8],[16],[17] | ||
Investment, Identifier [Axis]: Bond Brand Loyalty ULC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 8% | [3],[5],[14],[15] | 8% | [6],[8],[16],[17] | ||
Interest rate (as a percent) | 13.48% | [3],[5],[14],[15] | 13.54% | [6],[8],[16],[17] | ||
Investment, Identifier [Axis]: Brewer Crane Holdings, LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 10% | [5] | 10% | [8] | 10% | |
Interest rate (as a percent) | 15.48% | [5] | 15.46% | [8] | 14.66% | |
Investment, Identifier [Axis]: Buca C, LLC, Preferred Member Units | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 6% | 6% | ||||
Investment, Identifier [Axis]: Buca C, LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 12% | [18] | 12% | [19] | ||
Investment, Identifier [Axis]: Burning Glass Intermediate Holding Company, Inc., Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 5% | [3],[4],[5] | 5% | [6],[8] | ||
Interest rate (as a percent) | [6],[8] | 10.46% | ||||
Investment, Identifier [Axis]: Burning Glass Intermediate Holding Company, Inc., Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 5% | [3],[5] | 5% | [6],[8] | ||
Interest rate (as a percent) | 10.43% | [3],[5] | 10.46% | [6],[8] | ||
Investment, Identifier [Axis]: CQ Fluency, LLC, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | [3],[4],[5] | 7% | ||||
Investment, Identifier [Axis]: CQ Fluency, LLC, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | [3],[4],[5] | 7% | ||||
Investment, Identifier [Axis]: CQ Fluency, LLC, LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | [3],[5] | 7% | ||||
Interest rate (as a percent) | [3],[5] | 12.41% | ||||
Investment, Identifier [Axis]: CQ Fluency, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | [6] | 7% | ||||
Investment, Identifier [Axis]: CQ Fluency, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | [6] | 7% | ||||
Investment, Identifier [Axis]: CQ Fluency, LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | [6] | 7% | ||||
Interest rate (as a percent) | [6] | 12.45% | ||||
Investment, Identifier [Axis]: Career Team Holdings, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6% | [4],[5] | 6% | [8] | ||
Interest rate (as a percent) | [8] | 11.38% | ||||
Investment, Identifier [Axis]: Career Team Holdings, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 13% | 13% | ||||
Investment, Identifier [Axis]: CaseWorthy, Inc., Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6% | [3],[4],[5] | 6% | [6],[7],[8] | ||
Investment, Identifier [Axis]: CaseWorthy, Inc., Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6% | [3],[5] | 6% | [6],[8] | ||
Interest rate (as a percent) | 11.56% | [3],[5] | 11.61% | [6],[8] | ||
Investment, Identifier [Axis]: CaseWorthy, Inc., Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6% | [3],[5] | 6% | [6],[8] | ||
Interest rate (as a percent) | 11.56% | [3],[5] | 11.61% | [6],[8] | ||
Investment, Identifier [Axis]: Central Moloney, LLC., Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | [3],[5] | 6.75% | ||||
Interest rate (as a percent) | [3],[5] | 12.05% | ||||
Investment, Identifier [Axis]: Centre Technologies Holdings, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 9% | [4],[5] | 9% | [7],[8] | 9% | |
Interest rate (as a percent) | 14.48% | |||||
Investment, Identifier [Axis]: Centre Technologies Holdings, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 9% | [5] | 9% | [8] | 9% | |
Interest rate (as a percent) | 14.48% | [5] | 14.48% | [8] | 13.75% | |
Investment, Identifier [Axis]: Centre Technologies Holdings, LLC, Secured Debt 2.1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 9% | |||||
Interest rate (as a percent) | 14.48% | |||||
Investment, Identifier [Axis]: Centre Technologies Holdings, LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 9% | |||||
Interest rate (as a percent) | 14.48% | |||||
Investment, Identifier [Axis]: Chamberlin Holding LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6% | [4],[5] | 6% | [7],[8] | 6% | |
Interest rate (as a percent) | 11.49% | |||||
Investment, Identifier [Axis]: Chamberlin Holding LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 8% | [5] | 8% | [8] | 8% | |
Interest rate (as a percent) | 13.49% | [5] | 13.49% | [8] | 12.86% | |
Investment, Identifier [Axis]: Channel Partners Intermediateco, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7% | [3],[5],[20] | 7% | [6],[8],[21] | ||
Interest rate (as a percent) | 12.56% | [3],[5],[20] | 12.60% | [6],[8],[21] | ||
Investment, Identifier [Axis]: Channel Partners Intermediateco, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7% | [3],[5] | 7% | [6],[8] | ||
Interest rate (as a percent) | 12.58% | [3],[5] | 12.66% | [6],[8] | ||
Investment, Identifier [Axis]: Channel Partners Intermediateco, LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7% | [3],[5] | 7% | [6],[8] | ||
Interest rate (as a percent) | 12.58% | [3],[5] | 12.66% | [6],[8] | ||
Investment, Identifier [Axis]: Channel Partners Intermediateco, LLC, Secured Debt 4 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7% | [3],[5] | 7% | [6],[8] | ||
Interest rate (as a percent) | 12.58% | [3],[5] | 12.66% | [6],[8] | ||
Investment, Identifier [Axis]: Clad-Rex Steel, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 9% | |||||
Interest rate (as a percent) | 12% | 11.50% | ||||
Investment, Identifier [Axis]: Clad-Rex Steel, LLC, Secured Debt 1.1 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 12% | |||||
Investment, Identifier [Axis]: Clad-Rex Steel, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 9% | |||||
Interest rate (as a percent) | 10% | 10% | 13.79% | |||
Investment, Identifier [Axis]: Clad-Rex Steel, LLC, Secured Debt 2.1 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 12% | |||||
Investment, Identifier [Axis]: Clad-Rex Steel, LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 10% | 10% | ||||
Investment, Identifier [Axis]: Classic H&G Holdings, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6% | [5] | 6% | [8] | ||
Interest rate (as a percent) | 11.63% | [5] | 11.69% | [8] | ||
Investment, Identifier [Axis]: Classic H&G Holdings, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 8% | 8% | ||||
Investment, Identifier [Axis]: Cody Pools, Inc., Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 10.50% | |||||
Interest rate (as a percent) | 12.50% | 15.50% | ||||
Investment, Identifier [Axis]: Cody Pools, Inc., Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 10.50% | |||||
Interest rate (as a percent) | 12.50% | 12.50% | 15.50% | |||
Investment, Identifier [Axis]: Colonial Electric Company LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 12% | |||||
Investment, Identifier [Axis]: Colonial Electric Company LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 12% | 12% | 12% | |||
Investment, Identifier [Axis]: Compass Systems & Sales, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 13.50% | |||||
Investment, Identifier [Axis]: Compass Systems & Sales, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 13.50% | 13.50% | ||||
Investment, Identifier [Axis]: Computer Data Source, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 8% | [3],[5],[20] | 8% | [6],[8],[22] | ||
Interest rate (as a percent) | 13.47% | [3],[5],[20] | 13.52% | [6],[8],[22] | ||
Investment, Identifier [Axis]: Computer Data Source, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 8% | [3],[4],[5] | 8% | [6],[8] | ||
Interest rate (as a percent) | [6],[8] | 13.52% | ||||
Investment, Identifier [Axis]: Computer Data Source, LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | [3],[5] | 8% | ||||
Interest rate (as a percent) | [3],[5] | 13.46% | ||||
Investment, Identifier [Axis]: DMA Industries, LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 12% | 12% | ||||
Investment, Identifier [Axis]: DTE Enterprises, LLC, Class A Preferred Member Units | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 8% | [3] | 8% | [6] | ||
Investment, Identifier [Axis]: DTE Enterprises, LLC, Class AA Preferred Member Units (non-voting) | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 10% | [3],[23] | 10% | [6],[24] | ||
Investment, Identifier [Axis]: Datacom, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 7.50% | 7.50% | 7.50% | |||
Investment, Identifier [Axis]: Datacom, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 10% | 10% | 10% | |||
Investment, Identifier [Axis]: Digital Products Holdings LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 10% | [5] | 10% | [8] | 10% | |
Interest rate (as a percent) | 15.38% | [5] | 15.38% | [8] | 14.75% | |
Investment, Identifier [Axis]: Direct Marketing Solutions, Inc., Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 14% | 14% | ||||
Investment, Identifier [Axis]: Direct Marketing Solutions, Inc., Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 14% | 14% | 14% | |||
Investment, Identifier [Axis]: Dynamic Communities, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 5% | [3],[5] | 5% | [6],[8] | ||
Interest rate (as a percent) | 10.43% | [3],[5] | 10.45% | [6],[8] | ||
Investment, Identifier [Axis]: Dynamic Communities, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7% | [3],[5] | 7% | [6],[8] | ||
Interest rate (as a percent) | 12.43% | [3],[5] | 12.45% | [6],[8] | ||
Investment, Identifier [Axis]: Elgin AcquireCo, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6% | [4],[5] | 6% | [7],[8] | ||
Investment, Identifier [Axis]: Elgin AcquireCo, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 12% | 12% | ||||
Investment, Identifier [Axis]: Elgin AcquireCo, LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 9% | 9% | ||||
Investment, Identifier [Axis]: Emerald Technologies Acquisition Co, Inc., Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6.25% | [1],[5] | 6.25% | [2],[8] | ||
Interest rate (as a percent) | 11.74% | [1],[5] | 11.79% | [2],[8] | ||
Investment, Identifier [Axis]: Engineering Research & Consulting, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 5.25% | [3],[5],[20] | 5.50% | [6],[7],[8] | ||
Interest rate (as a percent) | [3],[5],[20] | 13.75% | ||||
Investment, Identifier [Axis]: Engineering Research & Consulting, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6.25% | [3],[5] | 6.50% | [6],[8] | ||
Interest rate (as a percent) | 11.66% | [3],[5] | 11.98% | [6],[8] | ||
Investment, Identifier [Axis]: Escalent, Inc., Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 8% | [3],[4],[5] | 8% | [6],[7],[8] | ||
Investment, Identifier [Axis]: Escalent, Inc., Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 8% | [3],[5] | 8% | [6],[8] | ||
Interest rate (as a percent) | 13.40% | [3],[5] | 13.45% | [6],[8] | ||
Investment, Identifier [Axis]: Event Holdco, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 8% | [3],[5] | 7% | [6],[8] | ||
Interest rate (as a percent) | 13.56% | [3],[5] | 12.61% | [6],[8] | ||
Investment, Identifier [Axis]: Event Holdco, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 8% | [3],[5] | 7% | [6],[8] | ||
Interest rate (as a percent) | 13.56% | [3],[5] | 12.61% | [6],[8] | ||
Investment, Identifier [Axis]: Fidelity Government Portfolio Class III Fund | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 5.25% | |||||
Investment, Identifier [Axis]: First American Treasury Obligations Fund Class Z | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 5.17% | 5.23% | ||||
Investment, Identifier [Axis]: Flame King Holdings, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6.50% | |||||
Interest rate (as a percent) | 11.25% | |||||
Investment, Identifier [Axis]: Flame King Holdings, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 9% | |||||
Interest rate (as a percent) | 13.75% | |||||
Investment, Identifier [Axis]: Flip Electronics LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | [3],[5] | 6.75% | ||||
Interest rate (as a percent) | [3],[5] | 12.17% | ||||
Investment, Identifier [Axis]: Flip Electronics LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | [3],[5] | 6.75% | ||||
Interest rate (as a percent) | [3],[5] | 12.17% | ||||
Investment, Identifier [Axis]: GFG Group, LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 8% | 8% | ||||
Investment, Identifier [Axis]: GFG Group, LLC., Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 9% | |||||
Investment, Identifier [Axis]: GRT Rubber Technologies LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6% | 6% | 6% | |||
Interest rate (as a percent) | 11.48% | 11.48% | 10.66% | |||
Investment, Identifier [Axis]: GRT Rubber Technologies LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 8% | 8% | 8% | |||
Interest rate (as a percent) | 13.48% | 13.48% | 12.66% | |||
Investment, Identifier [Axis]: Gamber-Johnson Holdings, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7% | [4],[5],[10] | 7.50% | [7],[8],[11] | 8.50% | |
Interest rate (as a percent) | 3% | 3% | ||||
Interest rate (as a percent) | 10% | |||||
Investment, Identifier [Axis]: Gamber-Johnson Holdings, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7% | [5],[10] | 7.50% | [8],[11] | 8.50% | |
Interest rate (as a percent) | 3% | 3% | ||||
Interest rate (as a percent) | 10% | [5],[10] | 10.50% | [8],[11] | 11.50% | |
Investment, Identifier [Axis]: Garyline, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | [6],[7],[8] | 6.75% | ||||
Investment, Identifier [Axis]: Garyline, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | [6],[8] | 6.75% | ||||
Interest rate (as a percent) | [6],[8] | 12.22% | ||||
Investment, Identifier [Axis]: Gulf Publishing Holdings, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 9.50% | [4],[5] | 9.50% | [7],[8] | 9.50% | |
Interest rate (as a percent) | 14.98% | |||||
Investment, Identifier [Axis]: Gulf Publishing Holdings, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 12.50% | 12.50% | 12.50% | |||
Investment, Identifier [Axis]: HDC/HW Intermediate Holdings, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 3.50% | [3],[5] | 9.50% | [6],[8],[19] | ||
Interest rate (as a percent) | 9.07% | [3],[5] | 14.34% | [6],[8],[19] | ||
Investment, Identifier [Axis]: HDC/HW Intermediate Holdings, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 2.50% | [3],[12] | 9.50% | [6],[8],[19] | ||
Interest rate (as a percent) | 2.50% | [3],[12] | 14.34% | [6],[8],[19] | ||
Investment, Identifier [Axis]: HEADLANDS OP-CO LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6.50% | [3],[4],[5] | 6.50% | [6],[7],[8] | ||
Investment, Identifier [Axis]: HEADLANDS OP-CO LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6.50% | [3],[5] | 6.50% | [6],[8] | ||
Interest rate (as a percent) | 11.83% | [3],[5] | 11.86% | [6],[8] | ||
Investment, Identifier [Axis]: HEADLANDS OP-CO LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6.50% | [3],[5] | 6.50% | [6],[8] | ||
Interest rate (as a percent) | 11.83% | [3],[5] | 11.86% | [6],[8] | ||
Investment, Identifier [Axis]: Hawk Ridge Systems, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6% | [5] | 6% | [8] | ||
Interest rate (as a percent) | 11.53% | [5] | 11.65% | [8] | ||
Investment, Identifier [Axis]: Hawk Ridge Systems, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 12.50% | 12.50% | ||||
Investment, Identifier [Axis]: Hybrid Promotions, LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 8.25% | [3],[5] | 8.25% | [6],[8] | ||
Interest rate (as a percent) | 15.84% | [3],[5] | 15.91% | [6],[8] | ||
Investment, Identifier [Axis]: IG Investor, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 13% | |||||
Investment, Identifier [Axis]: IG Investor, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 13% | 13% | ||||
Investment, Identifier [Axis]: IG Parent Corporation, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 5.75% | [1],[4],[5] | 5.75% | [2],[7],[8] | ||
Investment, Identifier [Axis]: IG Parent Corporation, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 5.50% | [1],[5] | 5.50% | [2],[8] | ||
Interest rate (as a percent) | 10.93% | [1],[5] | 10.96% | [2],[8] | ||
Investment, Identifier [Axis]: IG Parent Corporation, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 5.50% | [1],[5] | 5.50% | [2],[8] | ||
Interest rate (as a percent) | 10.93% | [1],[5] | 10.96% | [2],[8] | ||
Investment, Identifier [Axis]: INW Manufacturing, LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 5.75% | [1],[5] | 5.75% | [2],[8] | ||
Interest rate (as a percent) | 11.31% | [1],[5] | 11.36% | [2],[8] | ||
Investment, Identifier [Axis]: ITA Holdings Group, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 9% | [5] | 9% | [8] | ||
Interest rate (as a percent) | 16.53% | [5] | 16.59% | [8] | ||
Investment, Identifier [Axis]: ITA Holdings Group, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 9% | [5] | 9% | [8] | ||
Interest rate (as a percent) | 16.53% | [5] | 16.59% | [8] | ||
Investment, Identifier [Axis]: ITA Holdings Group, LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 8% | [5] | 8% | [8] | ||
Interest rate (as a percent) | 15.53% | [5] | 15.59% | [8] | ||
Investment, Identifier [Axis]: ITA Holdings Group, LLC, Secured Debt 4 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 10% | [5] | 10% | [8] | ||
Interest rate (as a percent) | 17.53% | [5] | 17.59% | [8] | ||
Investment, Identifier [Axis]: ITA Holdings Group, LLC, Warrants | ||||||
Schedule of Investments [Line Items] | ||||||
Strike price (in dollars per share) | $ 0.01 | $ 0.01 | ||||
Investment, Identifier [Axis]: Imaging Business Machines, L.L.C., Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7% | [3],[5],[20] | 7% | [6],[8],[25] | ||
Interest rate (as a percent) | 12.27% | [3],[5],[20] | 12.41% | [6],[8],[25] | ||
Investment, Identifier [Axis]: Imaging Business Machines, L.L.C., Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7% | [3],[5] | 7% | [6],[8] | ||
Interest rate (as a percent) | 12.25% | [3],[5] | 12.45% | [6],[8] | ||
Investment, Identifier [Axis]: Implus Footcare, LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7.75% | [3],[5] | 7.75% | [6],[8] | ||
Interest rate (as a percent) | 14.21% | [3],[5] | 14.25% | [6],[8] | ||
Investment, Identifier [Axis]: Industrial Services Acquisition, LLC, Preferred Member Units 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | [6],[24],[26] | 10% | ||||
Investment, Identifier [Axis]: Industrial Services Acquisition, LLC, Preferred Member Units 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | [6],[24],[26] | 20% | ||||
Investment, Identifier [Axis]: Industrial Services Acquisition, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | [6],[8],[27] | 6.75% | ||||
Interest rate (as a percent) | [6],[8],[27] | 12.22% | ||||
Investment, Identifier [Axis]: Industrial Services Acquisition, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | [6],[8] | 6.75% | ||||
Interest rate (as a percent) | [6],[8] | 12.22% | ||||
Investment, Identifier [Axis]: Infinity X1 Holdings, LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 13% | 13% | ||||
Investment, Identifier [Axis]: Infolinks Media Buyco, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 5.75% | [3],[5] | 5.75% | [6],[8] | ||
Interest rate (as a percent) | 11.18% | [3],[5] | 11.21% | [6],[8] | ||
Investment, Identifier [Axis]: Infolinks Media Buyco, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 5.75% | [3],[5] | 5.75% | [6],[8] | ||
Interest rate (as a percent) | 11.18% | [3],[5] | 11.21% | [6],[8] | ||
Investment, Identifier [Axis]: Insight Borrower Corporation, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6.25% | [3],[4],[5] | 6.25% | [6],[7],[8] | ||
Investment, Identifier [Axis]: Insight Borrower Corporation, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6.25% | [3],[4],[5] | 6.25% | [6],[7],[8] | ||
Investment, Identifier [Axis]: Insight Borrower Corporation, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6.25% | [3],[5] | 6.25% | [6],[8] | ||
Interest rate (as a percent) | 11.56% | [3],[5] | 11.65% | [6],[8] | ||
Investment, Identifier [Axis]: Inspire Aesthetics Management, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 8% | [3],[5],[20] | 8% | [6],[8],[28] | ||
Interest rate (as a percent) | 13.44% | [3],[5],[20] | 13.53% | [6],[8],[28] | ||
Investment, Identifier [Axis]: Inspire Aesthetics Management, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 8% | [3],[5] | 8% | [6],[8] | ||
Interest rate (as a percent) | 13.48% | [3],[5] | 13.55% | [6],[8] | ||
Investment, Identifier [Axis]: Inspire Aesthetics Management, LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 8% | [3],[5] | 8% | [6],[8] | ||
Interest rate (as a percent) | 13.48% | [3],[5] | 13.55% | [6],[8] | ||
Investment, Identifier [Axis]: Integral Energy Services, Preferred Equity | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 10% | [3],[23] | 10% | [6] | ||
Investment, Identifier [Axis]: Integral Energy Services, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7.50% | [3],[5] | 7.50% | [6],[8] | ||
Interest rate (as a percent) | 13.09% | [3],[5] | 13.16% | [6],[8] | ||
Investment, Identifier [Axis]: Interface Security Systems, L.L.C, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 10% | [3],[18],[20] | 10% | [6],[19],[29] | ||
Interest rate (as a percent) | 15.43% | [3],[18],[20] | 15.48% | [6],[19],[29] | ||
Investment, Identifier [Axis]: Interface Security Systems, L.L.C, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7% | [3],[5],[12],[18] | 7% | [6],[8],[13],[19] | ||
Interest rate (as a percent) | 12.43% | [3],[5],[12],[18] | 12.46% | [6],[8],[13],[19] | ||
Investment, Identifier [Axis]: Intermedia Holdings, Inc., Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6% | [1],[5] | 6% | [2],[8] | ||
Interest rate (as a percent) | 11.43% | [1],[5] | 11.47% | [2],[8] | ||
Investment, Identifier [Axis]: Invincible Boat Company, LLC., Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6.50% | [3],[5] | 6.50% | [6],[8] | ||
Interest rate (as a percent) | 11.96% | [3],[5] | 12% | [6],[8] | ||
Investment, Identifier [Axis]: Invincible Boat Company, LLC., Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6.50% | [3],[5] | 6.50% | [6],[8] | ||
Interest rate (as a percent) | 11.96% | [3],[5] | 12% | [6],[8] | ||
Investment, Identifier [Axis]: Iron-Main Investments, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 13.50% | 13.50% | ||||
Investment, Identifier [Axis]: Iron-Main Investments, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 13.50% | 13.50% | ||||
Investment, Identifier [Axis]: Iron-Main Investments, LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 13.50% | 13.50% | ||||
Investment, Identifier [Axis]: Iron-Main Investments, LLC, Secured Debt 4 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 13.50% | 13.50% | ||||
Investment, Identifier [Axis]: Iron-Main Investments, LLC, Secured Debt 5 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 13.50% | 13.50% | ||||
Investment, Identifier [Axis]: Isagenix International, LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 5.50% | [1],[5] | 5.50% | [2],[8] | ||
Interest rate (as a percent) | 11.03% | [1],[5] | 11.04% | [2],[8] | ||
Investment, Identifier [Axis]: JTI Electrical & Mechanical, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6% | [3],[5],[20] | 6% | [6],[8],[30] | ||
Interest rate (as a percent) | 11.57% | [3],[5],[20] | 11.64% | [6],[8],[30] | ||
Investment, Identifier [Axis]: JTI Electrical & Mechanical, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6% | [3],[5] | 6% | [6],[8] | ||
Interest rate (as a percent) | 11.55% | [3],[5] | 11.61% | [6],[8] | ||
Investment, Identifier [Axis]: JTI Electrical & Mechanical, LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | [3],[5] | 6% | ||||
Interest rate (as a percent) | [3],[5] | 11.55% | ||||
Investment, Identifier [Axis]: Jackmont Hospitality, Inc., Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7% | [3],[5],[9] | 7% | [6],[8],[31] | ||
Interest rate (as a percent) | 12.46% | [3],[5],[9] | 12.46% | [6],[8],[31] | ||
Investment, Identifier [Axis]: Jackmont Hospitality, Inc., Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 10% | [3],[5] | 7% | [6],[8] | ||
Interest rate (as a percent) | 15.48% | [3],[5] | 12.46% | [6],[8] | ||
Investment, Identifier [Axis]: Jackmont Hospitality, Inc., Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | [3],[5] | 7% | ||||
Interest rate (as a percent) | [3],[5] | 12.46% | ||||
Investment, Identifier [Axis]: Joerns Healthcare, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 16% | [1],[5],[12] | 18% | [2],[8],[13] | ||
Interest rate (as a percent) | 21.59% | [1],[5],[12] | 23.63% | [2],[8],[13] | ||
Investment, Identifier [Axis]: Joerns Healthcare, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 16% | [1],[5],[12] | 16% | [2],[8],[13] | ||
Interest rate (as a percent) | 21.59% | [1],[5],[12] | 21.63% | [2],[8],[13] | ||
Investment, Identifier [Axis]: Joerns Healthcare, LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 8.75% | [1],[5] | 16% | [2],[8],[13] | ||
Interest rate (as a percent) | 14.31% | [1],[5] | 21.63% | [2],[8],[13] | ||
Investment, Identifier [Axis]: Joerns Healthcare, LLC, Secured Debt 4 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | [1],[5] | 8.75% | ||||
Interest rate (as a percent) | [1],[5] | 14.31% | ||||
Investment, Identifier [Axis]: Johnson Downie Opco, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 15% | 15% | ||||
Investment, Identifier [Axis]: JorVet Holdings, LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 12% | 12% | ||||
Investment, Identifier [Axis]: KMS, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 9.25% | [3],[5] | 9.25% | [6],[8] | ||
Interest rate (as a percent) | 14.70% | [3],[5] | 14.75% | [6],[8] | ||
Investment, Identifier [Axis]: KMS, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 9.25% | [3],[5] | 9.25% | [6],[8] | ||
Interest rate (as a percent) | 14.70% | [3],[5] | 14.75% | [6],[8] | ||
Investment, Identifier [Axis]: Kickhaefer Manufacturing Company, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 12% | 12% | 12% | |||
Investment, Identifier [Axis]: Kickhaefer Manufacturing Company, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 9% | 9% | 9% | |||
Investment, Identifier [Axis]: LL Management, Inc., Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7.25% | [3],[5] | 7.25% | [6],[8] | ||
Interest rate (as a percent) | 12.68% | [3],[5] | 12.71% | [6],[8] | ||
Investment, Identifier [Axis]: LL Management, Inc., Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7.25% | [3],[5] | 7.25% | [6],[8] | ||
Interest rate (as a percent) | 12.68% | [3],[5] | 12.71% | [6],[8] | ||
Investment, Identifier [Axis]: LL Management, Inc., Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7.25% | [3],[5] | 7.25% | [6],[8] | ||
Interest rate (as a percent) | 12.68% | [3],[5] | 12.71% | [6],[8] | ||
Investment, Identifier [Axis]: LL Management, Inc., Secured Debt 4 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7.25% | [3],[5] | 7.25% | [6],[8] | ||
Interest rate (as a percent) | 12.68% | [3],[5] | 12.71% | [6],[8] | ||
Investment, Identifier [Axis]: LL Management, Inc., Secured Debt 5 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7.25% | [3],[5] | 7.25% | [6],[8] | ||
Interest rate (as a percent) | 12.68% | [3],[5] | 12.71% | [6],[8] | ||
Investment, Identifier [Axis]: LLFlex, LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 9% | [3],[5] | 9% | [6],[8] | ||
Interest rate (as a percent) | 15.48% | [3],[5] | 15.54% | [6],[8] | ||
Investment, Identifier [Axis]: Lightbox Holdings, L.P., Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 5% | [1] | 5% | [2] | ||
Interest rate (as a percent) | 10.56% | [1] | 10.62% | [2] | ||
Investment, Identifier [Axis]: Logix Acquisition Company, LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 4.75% | [3],[5] | 4.75% | [6],[8] | ||
Interest rate (as a percent) | 13.25% | [3],[5] | 13.25% | [6],[8] | ||
Investment, Identifier [Axis]: MB2 Dental Solutions, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | [2],[8] | 6% | ||||
Interest rate (as a percent) | [2],[8] | 11.46% | ||||
Investment, Identifier [Axis]: MB2 Dental Solutions, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | [2],[8] | 6% | ||||
Interest rate (as a percent) | [2],[8] | 11.46% | ||||
Investment, Identifier [Axis]: MB2 Dental Solutions, LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | [2],[8] | 6% | ||||
Interest rate (as a percent) | [2],[8] | 11.46% | ||||
Investment, Identifier [Axis]: MB2 Dental Solutions, LLC, Secured Debt 4 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | [2],[8] | 6% | ||||
Interest rate (as a percent) | [2],[8] | 11.46% | ||||
Investment, Identifier [Axis]: MH Corbin Holding LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 14% | 13% | [19] | 13% | ||
Investment, Identifier [Axis]: Mako Steel, LP, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6.75% | [3],[4],[5] | 6.75% | [6],[7],[8] | ||
Investment, Identifier [Axis]: Mako Steel, LP, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6.75% | [3],[5] | 6.75% | [6],[8] | ||
Interest rate (as a percent) | 12.23% | [3],[5] | 12.28% | [6],[8] | ||
Investment, Identifier [Axis]: Mako Steel, LP, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | [3],[5] | 7.50% | ||||
Interest rate (as a percent) | [3],[5] | 12.98% | ||||
Investment, Identifier [Axis]: Market Force Information, LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 12% | |||||
Investment, Identifier [Axis]: Metalforming Holdings, LLC, Preferred Equity | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 8% | [23] | 8% | [24] | ||
Investment, Identifier [Axis]: Metalforming Holdings, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 11.75% | 12.75% | ||||
Investment, Identifier [Axis]: Microbe Formulas, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6.25% | [3],[4],[5] | 6.25% | [6],[7],[8] | ||
Investment, Identifier [Axis]: Microbe Formulas, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6% | [3],[5] | 6% | [6],[8] | ||
Interest rate (as a percent) | 11.43% | [3],[5] | 11.46% | [6],[8] | ||
Investment, Identifier [Axis]: Mills Fleet Farm Group, LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7% | [3],[5] | 7% | [6],[8] | ||
Interest rate (as a percent) | 12.46% | [3],[5] | 12.52% | [6],[8] | ||
Investment, Identifier [Axis]: Mini Melts of America, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6.25% | [3],[5],[20] | 6.25% | [6],[7],[8] | ||
Interest rate (as a percent) | [3],[5],[20] | 11.57% | ||||
Investment, Identifier [Axis]: Mini Melts of America, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6.25% | [3],[5],[9] | 6.25% | [6],[7],[8] | ||
Interest rate (as a percent) | [3],[5],[9] | 11.58% | ||||
Investment, Identifier [Axis]: Mini Melts of America, LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 5.25% | [3],[5] | 5.25% | [6],[8] | ||
Interest rate (as a percent) | 10.59% | [3],[5] | 10.64% | [6],[8] | ||
Investment, Identifier [Axis]: Mini Melts of America, LLC, Secured Debt 4 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7.25% | [3],[5] | 7.25% | [6],[8] | ||
Interest rate (as a percent) | 12.59% | [3],[5] | 12.64% | [6],[8] | ||
Investment, Identifier [Axis]: MonitorUS Holding, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 14% | [3],[14],[15] | 14% | [6],[16],[17] | ||
Investment, Identifier [Axis]: MonitorUS Holding, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 14% | [3],[14],[15] | 14% | [6],[16],[17] | ||
Investment, Identifier [Axis]: MonitorUS Holding, LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 14% | [3],[14],[15] | 14% | [6],[16],[17] | ||
Investment, Identifier [Axis]: MonitorUS Holding, LLC, Unsecured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | [3],[14],[15] | 8% | ||||
Investment, Identifier [Axis]: Mystic Logistics Holdings, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 10% | |||||
Investment, Identifier [Axis]: Mystic Logistics Holdings, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 10% | 10% | 10% | |||
Investment, Identifier [Axis]: NexRev LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 10% | |||||
Investment, Identifier [Axis]: NexRev LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 10% | 10% | 11% | |||
Investment, Identifier [Axis]: NinjaTrader, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7% | [3],[4],[5] | 7% | [6],[7],[8] | ||
Investment, Identifier [Axis]: NinjaTrader, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7% | [3],[4],[5] | 7% | [6],[7],[8] | ||
Investment, Identifier [Axis]: NinjaTrader, LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7% | [3],[5] | 7% | [6],[8] | ||
Interest rate (as a percent) | 12.48% | [3],[5] | 12.54% | [6],[8] | ||
Investment, Identifier [Axis]: NinjaTrader, LLC, Secured Debt 4 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | [6],[8] | 7% | ||||
Interest rate (as a percent) | [6],[8] | 12.52% | ||||
Investment, Identifier [Axis]: NuStep, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6.50% | [5] | 6.50% | [8] | 6.50% | |
Interest rate (as a percent) | 11.98% | [5] | 11.98% | [8] | 11.25% | |
Investment, Identifier [Axis]: NuStep, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 12% | 12% | 12% | |||
Investment, Identifier [Axis]: Obra Capital, Inc, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | [1] | 6% | ||||
Interest rate (as a percent) | [1] | 11.44% | ||||
Investment, Identifier [Axis]: Obra Capital, Inc. (f/k/a Vida Capital, Inc.), Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | [2] | 6% | ||||
Interest rate (as a percent) | [2] | 11.47% | ||||
Investment, Identifier [Axis]: Oneliance, LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 11% | [5] | 11% | [8] | 11% | |
Interest rate (as a percent) | 16.48% | [5] | 16.48% | [8] | 15.75% | |
Investment, Identifier [Axis]: Orttech Holdings, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 11% | [4],[5] | 11% | [7],[8] | 11% | |
Interest rate (as a percent) | 16.48% | |||||
Investment, Identifier [Axis]: Orttech Holdings, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 11% | [5] | 11% | [8] | 11% | |
Interest rate (as a percent) | 16.48% | [5] | 16.48% | [8] | 15.75% | |
Investment, Identifier [Axis]: PTL US Bidco, Inc, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7.25% | [3],[5],[14],[15],[20] | 7.25% | [6],[8],[16],[17],[32] | ||
Interest rate (as a percent) | 12.77% | [3],[5],[14],[15],[20] | 12.80% | [6],[8],[16],[17],[32] | ||
Investment, Identifier [Axis]: PTL US Bidco, Inc, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7.25% | [3],[5],[14],[15] | 7.25% | [6],[8],[16],[17] | ||
Interest rate (as a percent) | 12.84% | [3],[5],[14],[15] | 12.88% | [6],[8],[16],[17] | ||
Investment, Identifier [Axis]: Paragon Healthcare, Inc., Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | [6],[7],[8] | 5.75% | ||||
Investment, Identifier [Axis]: Paragon Healthcare, Inc., Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | [6],[8],[33] | 5.75% | ||||
Interest rate (as a percent) | [6],[8],[33] | 11.24% | ||||
Investment, Identifier [Axis]: Paragon Healthcare, Inc., Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | [6],[8] | 5.75% | ||||
Interest rate (as a percent) | [6],[8] | 11.25% | ||||
Investment, Identifier [Axis]: Pinnacle TopCo, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 8% | 8% | ||||
Investment, Identifier [Axis]: Pinnacle TopCo, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 13% | 13% | ||||
Investment, Identifier [Axis]: Power System Solutions, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6.50% | [3],[4],[5] | 6.75% | [6],[7],[8] | ||
Investment, Identifier [Axis]: Power System Solutions, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6.50% | [3],[5] | 6.75% | [6],[7],[8] | ||
Interest rate (as a percent) | [3],[5] | 11.82% | ||||
Investment, Identifier [Axis]: Power System Solutions, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6.50% | [3],[5] | 6.75% | [6],[8] | ||
Interest rate (as a percent) | 11.80% | [3],[5] | 12.12% | [6],[8] | ||
Investment, Identifier [Axis]: PrimeFlight Aviation Services, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6.85% | [3],[5] | 6.85% | [6],[8] | ||
Interest rate (as a percent) | 12.28% | [3],[5] | 12.28% | [6],[8] | ||
Investment, Identifier [Axis]: PrimeFlight Aviation Services, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6.85% | [3],[5] | 6.85% | [6],[8] | ||
Interest rate (as a percent) | 12.15% | [3],[5] | 12.20% | [6],[8] | ||
Investment, Identifier [Axis]: PrimeFlight Aviation Services, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | [3],[5] | 6.25% | ||||
Interest rate (as a percent) | [3],[5] | 11.55% | ||||
Investment, Identifier [Axis]: Purge Rite, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 8% | [3],[4],[5] | 8% | [6],[7],[8] | ||
Investment, Identifier [Axis]: Purge Rite, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 8% | [3],[5] | 8% | [6],[8] | ||
Interest rate (as a percent) | 13.64% | [3],[5] | 13.70% | [6],[8] | ||
Investment, Identifier [Axis]: RA Outdoors LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6.75% | [3],[5],[20] | 6.75% | [6],[8],[27] | ||
Interest rate (as a percent) | 12.33% | [3],[5],[20] | 12.22% | [6],[8],[27] | ||
Investment, Identifier [Axis]: RA Outdoors LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6.75% | [3],[5] | 6.75% | [6],[8] | ||
Interest rate (as a percent) | 12.18% | [3],[5] | 12.21% | [6],[8] | ||
Investment, Identifier [Axis]: Research Now Group, Inc. and Survey Sampling International, LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 5.50% | [1],[5] | 5.50% | [2],[8] | ||
Interest rate (as a percent) | 11.07% | [1],[5] | 11.14% | [2],[8] | ||
Investment, Identifier [Axis]: Richardson Sales Solutions, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6.50% | [3],[5],[20] | 6.50% | [6],[8],[34] | ||
Interest rate (as a percent) | 11.82% | [3],[5],[20] | 18.47% | [6],[8],[34] | ||
Investment, Identifier [Axis]: Richardson Sales Solutions, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6.50% | [3],[5] | 6.50% | [6],[8] | ||
Interest rate (as a percent) | 11.82% | [3],[5] | 11.88% | [6],[8] | ||
Investment, Identifier [Axis]: Robbins Bros. Jewelry, Inc., Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 12.50% | |||||
Investment, Identifier [Axis]: Robbins Bros. Jewelry, Inc., Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 12.50% | 12.50% | 12.50% | |||
Investment, Identifier [Axis]: Roof Opco, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6.50% | [3],[4],[5] | 6.50% | [6],[7],[8] | ||
Investment, Identifier [Axis]: Roof Opco, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6.50% | [3],[5] | 6.50% | [6],[8] | ||
Interest rate (as a percent) | 12.09% | [3],[5] | 12.16% | [6],[8] | ||
Investment, Identifier [Axis]: Roof Opco, LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 8.50% | [3],[5] | 8.50% | [6],[8] | ||
Interest rate (as a percent) | 14.09% | [3],[5] | 14.16% | [6],[8] | ||
Investment, Identifier [Axis]: Rug Doctor, LLC., Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 5.75% | [3],[5] | 6% | [6],[8] | ||
Interest rate (as a percent) | 13.24% | [3],[5] | 13.54% | [6],[8] | ||
Investment, Identifier [Axis]: Rug Doctor, LLC., Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 5.75% | [3],[5] | 6% | [6],[8] | ||
Interest rate (as a percent) | 13.24% | [3],[5] | 13.54% | [6],[8] | ||
Investment, Identifier [Axis]: SI East, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 11.25% | 11.25% | ||||
Investment, Identifier [Axis]: SI East, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 12.45% | 12.47% | 9.50% | |||
Investment, Identifier [Axis]: SPAU Holdings, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7.50% | [3],[5] | 8% | [6],[7],[8] | ||
Interest rate (as a percent) | [3],[5] | 12.96% | ||||
Investment, Identifier [Axis]: SPAU Holdings, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7.50% | [3],[5] | 8% | [6],[8] | ||
Interest rate (as a percent) | 12.96% | [3],[5] | 13.72% | [6],[8] | ||
Investment, Identifier [Axis]: Slick Innovations, LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 14% | 14% | ||||
Investment, Identifier [Axis]: Sonic Systems International, LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7.50% | |||||
Interest rate (as a percent) | 12.26% | |||||
Investment, Identifier [Axis]: South Coast Terminals Holdings, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6% | [3],[4],[5] | 6% | [6],[8] | ||
Interest rate (as a percent) | [6],[8] | 11.46% | ||||
Investment, Identifier [Axis]: South Coast Terminals Holdings, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6% | [3],[5] | 6% | [6],[8] | ||
Interest rate (as a percent) | 11.43% | [3],[5] | 11.70% | [6],[8] | ||
Investment, Identifier [Axis]: Student Resource Center, LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 8.50% | |||||
Interest rate (as a percent) | 8.50% | [3],[12] | 8.50% | [6],[13] | 13.69% | |
Investment, Identifier [Axis]: Tedder Industries, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 12% | [18] | 12% | [19] | 12% | |
Investment, Identifier [Axis]: Tedder Industries, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 12% | [18] | 12% | [19] | 12% | |
Investment, Identifier [Axis]: The Affiliati Network, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 13% | |||||
Investment, Identifier [Axis]: The Affiliati Network, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 13% | 13% | ||||
Investment, Identifier [Axis]: Titan Meter Midco Corp., Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | [3],[4],[5] | 6.50% | ||||
Investment, Identifier [Axis]: Titan Meter Midco Corp., Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | [3],[5] | 6.50% | ||||
Interest rate (as a percent) | [3],[5] | 11.82% | ||||
Investment, Identifier [Axis]: Trantech Radiator Topco, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 11.50% | |||||
Investment, Identifier [Axis]: Trantech Radiator Topco, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 13.50% | 12% | 12% | |||
Investment, Identifier [Axis]: U.S. TelePacific Corp., Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7.15% | [1],[5],[12] | 7.15% | [2],[8],[13] | ||
Interest rate (as a percent) | 12.49% | [1],[5],[12] | 12.53% | [2],[8],[13] | ||
Investment, Identifier [Axis]: USA DeBusk LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6% | [3],[5] | 6% | [6],[8] | ||
Interest rate (as a percent) | 11.43% | [3],[5] | 11.46% | [6],[8] | ||
Investment, Identifier [Axis]: USA DeBusk LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6.50% | [3],[5] | 6.50% | [6],[8] | ||
Interest rate (as a percent) | 11.93% | [3],[5] | 11.96% | [6],[8] | ||
Investment, Identifier [Axis]: USA DeBusk LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6.50% | [3],[5] | 6.50% | [6],[8] | ||
Interest rate (as a percent) | 11.93% | [3],[5] | 11.96% | [6],[8] | ||
Investment, Identifier [Axis]: Urgent DSO LLC, Preferred Equity | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | [23] | 9% | ||||
Investment, Identifier [Axis]: Urgent DSO LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 13.50% | |||||
Investment, Identifier [Axis]: UserZoom Technologies, Inc., Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7.50% | [3],[5] | 7.50% | [6],[8] | ||
Interest rate (as a percent) | 12.99% | [3],[5] | 12.99% | [6],[8] | ||
Investment, Identifier [Axis]: VVS Holdco LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6% | [4],[5] | 6% | [7],[8],[19] | ||
Interest rate (as a percent) | 11.48% | |||||
Investment, Identifier [Axis]: VVS Holdco LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 11.50% | 11.50% | ||||
Investment, Identifier [Axis]: VVS Holdco, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6% | |||||
Investment, Identifier [Axis]: VVS Holdco, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 11.50% | |||||
Investment, Identifier [Axis]: Vitesse Systems, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7% | [3],[5] | 7% | [6],[8] | ||
Interest rate (as a percent) | 12.44% | [3],[5] | 12.63% | [6],[8] | ||
Investment, Identifier [Axis]: Volusion, LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 10% | 10% | ||||
Investment, Identifier [Axis]: Volusion, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 10% | |||||
Investment, Identifier [Axis]: Wall Street Prep, Inc., Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7% | [3],[4],[5] | 7% | [6],[7],[8] | ||
Investment, Identifier [Axis]: Wall Street Prep, Inc., Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7% | [3],[5] | 7% | [6],[8] | ||
Interest rate (as a percent) | 12.48% | [3],[5] | 12.54% | [6],[8] | ||
Investment, Identifier [Axis]: Watterson Brands, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6% | [3],[5],[20] | 6% | [6],[8],[30] | ||
Interest rate (as a percent) | 11.46% | [3],[5],[20] | 11.50% | [6],[8],[30] | ||
Investment, Identifier [Axis]: Watterson Brands, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6% | [3],[5] | 6% | [6],[8] | ||
Interest rate (as a percent) | 11.46% | [3],[5] | 11.50% | [6],[8] | ||
Investment, Identifier [Axis]: Watterson Brands, LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6% | [3],[5] | 6% | [6],[8] | ||
Interest rate (as a percent) | 11.46% | [3],[5] | 11.50% | [6],[8] | ||
Investment, Identifier [Axis]: Watterson Brands, LLC, Secured Debt 4 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6% | [3],[5] | 6% | [6],[8] | ||
Interest rate (as a percent) | 11.46% | [3],[5] | 11.50% | [6],[8] | ||
Investment, Identifier [Axis]: West Star Aviation Acquisition, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6% | [3],[5],[9] | 6% | [6],[8],[35] | ||
Interest rate (as a percent) | 11.31% | [3],[5],[9] | 11.34% | [6],[8],[35] | ||
Investment, Identifier [Axis]: West Star Aviation Acquisition, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6% | [3],[5] | 6% | [6],[8] | ||
Interest rate (as a percent) | 11.31% | [3],[5] | 11.35% | [6],[8] | ||
Investment, Identifier [Axis]: West Star Aviation Acquisition, LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6% | [3],[5] | 6% | [6],[8] | ||
Interest rate (as a percent) | 11.31% | [3],[5] | 11.35% | [6],[8] | ||
Investment, Identifier [Axis]: Winter Services LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 8% | [3],[5],[20] | 7% | [6],[8],[36] | ||
Interest rate (as a percent) | 13.58% | [3],[5],[20] | 12.64% | [6],[8],[36] | ||
Investment, Identifier [Axis]: Winter Services LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 8% | [3],[5] | 7% | [6],[8] | ||
Interest rate (as a percent) | 13.59% | [3],[5] | 12.66% | [6],[8] | ||
Investment, Identifier [Axis]: Winter Services LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7% | [3],[5] | 7% | [6],[8] | ||
Interest rate (as a percent) | 12.59% | [3],[5] | 12.66% | [6],[8] | ||
Investment, Identifier [Axis]: Winter Services LLC, Secured Debt 4 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | [3],[5] | 7% | ||||
Interest rate (as a percent) | [3],[5] | 12.58% | ||||
Investment, Identifier [Axis]: World Micro Holdings, LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Interest rate (as a percent) | 12% | 13% | ||||
Investment, Identifier [Axis]: Xenon Arc, Inc., Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 5.75% | [3],[5] | 5.25% | [6],[7],[8] | ||
Interest rate (as a percent) | [3],[5] | 11.18% | ||||
Investment, Identifier [Axis]: Xenon Arc, Inc., Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 5.75% | [3],[5] | 5.75% | [6],[8] | ||
Interest rate (as a percent) | 11.15% | [3],[5] | 11.22% | [6],[8] | ||
Investment, Identifier [Axis]: Xenon Arc, Inc., Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | [6],[8] | 5.75% | ||||
Interest rate (as a percent) | [6],[8] | 11.25% | ||||
Investment, Identifier [Axis]: YS Garments, LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7.50% | [1],[5] | 7.50% | [2],[8] | ||
Interest rate (as a percent) | 12.93% | [1],[5] | 13% | [2],[8] | ||
Investment, Identifier [Axis]: Zips Car Wash, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7.25% | [3],[5],[9] | 7.25% | [6],[8],[37] | ||
Interest rate (as a percent) | 12.68% | [3],[5],[9] | 12.71% | [6],[8],[37] | ||
Investment, Identifier [Axis]: Zips Car Wash, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7.25% | [3],[5],[9] | 7.25% | [6],[8],[37] | ||
Interest rate (as a percent) | 12.68% | [3],[5],[9] | 12.71% | [6],[8],[37] | ||
SOFR | Jackmont Hospitality, Inc. | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7% | |||||
SOFR | Interface Security Systems, L.L.C | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 10% | |||||
SOFR | Imaging Business Machines, L.L.C. | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7% | |||||
SOFR | Computer Data Source, LLC | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 8% | |||||
SOFR | Inspire Aesthetics Management, LLC | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 8% | |||||
SOFR | RA Outdoors LLC | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6.75% | |||||
SOFR | Industrial Services Acquisition, LLC | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6.75% | |||||
SOFR | Zips Car Wash, LLC | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7.25% | |||||
SOFR | Richardson Sales Solutions | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6.50% | |||||
SOFR | Winter Services LLC | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7% | |||||
SOFR | Watterson Brands, LLC | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6% | |||||
SOFR | JTI Electrical & Mechanical, LLC | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6% | |||||
SOFR | West Star Aviation Acquisition, LLC | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 6% | |||||
SOFR | Paragon Healthcare, Inc. | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 5.75% | |||||
SOFR | Channel Partners Intermediateco, LLC | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7% | |||||
SOFR | PTL US Bidco, Inc | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 7.25% | |||||
Minimum | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 0.10% | 0.10% | ||||
Minimum | LIBOR or SOFR | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 0.75% | 0.75% | ||||
Maximum | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 0.43% | 0.43% | ||||
Maximum | LIBOR or SOFR | ||||||
Schedule of Investments [Line Items] | ||||||
Spread (as a percent) | 5.25% | 2% | ||||
Weighted Average | LIBOR or SOFR | ||||||
Schedule of Investments [Line Items] | ||||||
Floor rate (as a percent) | 1.21% | 1.17% | ||||
[1] Middle Market portfolio investment. See Note C—Fair Value Hierarchy for Investments—Portfolio Composition for a description of Middle Market portfolio investments. Middle Market portfolio investment. See Note C — Fair Value Hierarchy for Investments — Portfolio Composition for a description of Middle Market portfolio investments. Private Loan portfolio investment. See Note C—Fair Value Hierarchy for Investments—Portfolio Composition for a description of Private Loan portfolio investments. The position is unfunded and no interest income is being earned as of March 31, 2024. The position may earn a nominal unused facility fee on committed amounts. Index based floating interest rate is subject to contractual minimum interest rate. As noted in this schedule, 95% of the loans (based on the par amount) contain LIBOR or Term SOFR (“SOFR”) floors which range between 0.75% and 5.25%, with a weighted-average floor of 1.21%. Private Loan portfolio investment. See Note C — Fair Value Hierarchy for Investments — Portfolio Composition for a description of Private Loan portfolio investments. The position is unfunded and no interest income is being earned as of December 31, 2023. The position may earn a nominal unused facility fee on committed amounts. Index based floating interest rate is subject to contractual minimum interest rate. As noted in this schedule, 95% of these floating rate loans (based on the par amount) contain LIBOR or SOFR floors which range between 0.75% and 2.00%, with a weighted-average floor of 1.17%. Each new draw or funding on the facility has a different floating rate reset date. The rate presented represents a weighted-average rate for borrowings under the facility, as of March 31, 2024. Index based floating interest rate is subject to contractual maximum base rate of 3.00%. Index based floating interest rate is subject to contractual maximum base rate of 3.00%. Non-accrual and non-income producing debt investment. Non-accrual and non-income producing debt investment. Investment is not a qualifying asset as defined under Section 55(a) of the 1940 Act. Qualifying assets must represent at least 70% of total assets at the time of acquisition of any additional non-qualifying assets. Portfolio company headquarters are located outside of the United States. Investment is not a qualifying asset as defined under Section 55(a) of the 1940 Act. Qualifying assets must represent at least 70% of total assets at the time of acquisition of any additional non-qualifying assets. Portfolio company headquarters are located outside of the United States. Maturity date is under on-going negotiations with the portfolio company and other lenders, if applicable. Maturity date is under on-going negotiations with the portfolio company and other lenders, if applicable. RLOC facility permits the borrower to make an interest rate election regarding the base rate on each draw under the facility. The rate presented represents a weighted-average rate for borrowings under the facility, as of March 31, 2024. As of December 31, 2023, borrowings under the loan facility bore interest at SOFR+7.00% (Floor 2.00%). RLOC facility permits the borrower to make an interest rate election regarding the base rate on each draw under the facility. The rate presented represents a weighted-average rate for borrowings under the facility, as of December 31, 2023. As of December 31, 2023, borrowings under the loan facility bore interest at SOFR+8.00% (Floor 1.00%). RLOC facility permits the borrower to make an interest rate election regarding the base rate on each draw under the facility. The rate presented represents a weighted-average rate for borrowings under the facility, as of December 31, 2023. Income producing through dividends or distributions. Income producing through dividends or distributions. As of December 31, 2023, borrowings under the loan facility bore interest at SOFR+7.00% (Floor 1.50%). RLOC facility permits the borrower to make an interest rate election regarding the base rate on each draw under the facility. The rate presented represents a weighted-average rate for borrowings under the facility, as of December 31, 2023. Shares/Units represent ownership in a related Real Estate or HoldCo entity. As of December 31, 2023, borrowings under the loan facility bore interest at SOFR+6.75% (Floor 1.00%). RLOC facility permits the borrower to make an interest rate election regarding the base rate on each draw under the facility. The rate presented represents a weighted-average rate for borrowings under the facility, as of December 31, 2023. As of December 31, 2023, borrowings under the loan facility bore interest at SOFR+8.00% (Floor 2.00%). RLOC facility permits the borrower to make an interest rate election regarding the base rate on each draw under the facility. The rate presented represents a weighted-average rate for borrowings under the facility, as of December 31, 2023. As of December 31, 2023, borrowings under the loan facility bore interest at SOFR+10.00%. RLOC facility permits the borrower to make an interest rate election regarding the base rate on each draw under the facility. The rate presented represents a weighted-average rate for borrowings under the facility, as of December 31, 2023. As of December 31, 2023, borrowings under the loan facility bore interest at SOFR+6.00% (Floor 1.00%). RLOC facility permits the borrower to make an interest rate election regarding the base rate on each draw under the facility. The rate presented represents a weighted-average rate for borrowings under the facility, as of December 31, 2023. As of December 31, 2023, borrowings under the loan facility bear interest at SOFR+7.00% (Floor 1.00%). Each new draw or funding on the facility has a different floating rate reset date. The rate presented represents a weighted-average rate for borrowings under the facility, as of December 31, 2023. As of December 31, 2023, borrowings under the loan facility bore interest at SOFR+7.25% (Floor 1.00%). RLOC facility permits the borrower to make an interest rate election regarding the base rate on each draw under the facility. The rate presented represents a weighted-average rate for borrowings under the facility, as of December 31, 2023. As of December 31, 2023, borrowings under the loan facility bore interest at SOFR+5.75% (Floor 1.00%). Each new draw or funding on the facility has a different floating rate reset date. The rate presented represents a weighted-average rate for borrowings under the facility, as of December 31, 2023. As of December 31, 2023, borrowings under the loan facility bore interest at SOFR+6.50% (Floor 2.00%). RLOC facility permits the borrower to make an interest rate election regarding the base rate on each draw under the facility. The rate presented represents a weighted-average rate for borrowings under the facility, as of December 31, 2023. As of December 31, 2023, borrowings under the loan facility bore interest at SOFR+6.00% (Floor 0.75%). Each new draw or funding on the facility has a different floating rate reset date. The rate presented represents a weighted-average rate for borrowings under the facility, as of December 31, 2023. As of December 31, 2023, borrowings under the loan facility bore interest at SOFR+7.00% (Floor 1.00%). RLOC facility permits the borrower to make an interest rate election regarding the base rate on each draw under the facility. The rate presented represents a weighted-average rate for borrowings under the facility, as of December 31, 2023. As of December 31, 2023, borrowings under the loan facility bore interest at SOFR+7.25% (Floor 1.00%). Each new draw or funding on the facility has a different floating rate reset date. The rate presented represents a weighted-average rate for borrowings under the facility, as of December 31, 2023. |
ORGANIZATION AND BASIS OF PRESE
ORGANIZATION AND BASIS OF PRESENTATION | 3 Months Ended |
Mar. 31, 2024 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
ORGANIZATION AND BASIS OF PRESENTATION | ORGANIZATION AND BASIS OF PRESENTATION 1. Organization MSC Income Fund, Inc. (“MSIF” or, together with its consolidated subsidiaries, “MSC Income Fund” or the “Company”) is a principal investment firm primarily focused on providing debt capital to middle market (“Middle Market”) companies and customized debt and equity financing to lower middle market (“LMM”) companies. MSC Income Fund’s portfolio investments are typically made to support leveraged buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in a variety of industry sectors. MSC Income Fund seeks to partner with private equity funds in its Private Loan (as defined below) and Middle Market investment strategies. MSC Income Fund invests primarily in secured debt investments of Middle Market companies generally headquartered in the United States and in secured debt investments, equity investments, warrants and other securities of LMM companies based in the United States. MSC Income Fund seeks to partner with entrepreneurs, business owners and management teams and generally provides “one-stop” financing alternatives within its LMM investment strategy. MSIF was formed in November 2011 to operate as an externally managed business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). MSIF has elected to be treated for U.S. federal income tax purposes as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). As a result, MSIF generally does not pay corporate-level U.S. federal income taxes on any net ordinary taxable income or capital gains that it distributes to its stockholders. On October 28, 2020, MSIF’s stockholders approved the appointment of MSC Adviser I, LLC (the “Adviser”), which is wholly-owned by Main Street Capital Corporation (“Main Street”), a New York Stock Exchange listed BDC, as MSIF’s investment adviser and administrator under an Investment Advisory and Administrative Services Agreement dated October 30, 2020 (the “Investment Advisory Agreement”). In such role, the Adviser has the responsibility to manage the business of MSC Income Fund, including the responsibility to identify, evaluate, negotiate and structure prospective investments, make investment and portfolio management decisions, monitor MSC Income Fund’s Investment Portfolio (as defined below) and provide ongoing administrative services. MSIF has certain direct and indirect wholly-owned subsidiaries that have elected to be taxable entities (the “Taxable Subsidiaries”). The primary purpose of the Taxable Subsidiaries is to permit MSIF to hold equity investments in portfolio companies which are “pass-through” entities for tax purposes. MSIF also has certain direct and indirect wholly-owned subsidiaries formed for financing purposes (the “Structured Subsidiaries”). Unless otherwise noted or the context otherwise indicates, the terms “we,” “us,” “our,” the “Company” and “MSC Income Fund” refer to MSIF and its consolidated subsidiaries, which include the Taxable Subsidiaries and the Structured Subsidiaries. 2. Basis of Presentation MSC Income Fund’s consolidated financial statements are prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”). The Company is an investment company following accounting and reporting guidance in Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 946, Financial Services—Investment Companies (“ASC 946”). For each of the periods presented herein, MSC Income Fund’s consolidated financial statements include the accounts of MSIF and its consolidated subsidiaries. The “Investment Portfolio,” as used herein, refers to all of MSC Income Fund’s investments in Private Loan portfolio companies, investments in LMM portfolio companies, investments in Middle Market portfolio companies and Other Portfolio investments (see Note C — Fair Value Hierarchy for Investments — Portfolio Composition — Investment Portfolio Composition for additional discussion of MSC Income Fund’s Investment Portfolio and definitions for the defined terms Private Loan and Other Portfolio). MSC Income Fund’s results of operations for the three months ended March 31, 2024 and 2023, cash flows for the three months ended March 31, 2024 and 2023, and financial position as of March 31, 2024 and December 31, 2023, are presented on a consolidated basis. The effects of all intercompany transactions between MSIF and its consolidated subsidiaries have been eliminated in consolidation. The accompanying unaudited consolidated financial statements of MSC Income Fund are presented in conformity with U.S. GAAP for interim financial information and pursuant to the requirements for reporting on Form 10-Q and Articles 6, 10 and 12 of Regulation S-X. Accordingly, certain disclosures accompanying annual consolidated financial statements prepared in accordance with U.S. GAAP are omitted. The unaudited consolidated financial statements and notes should be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended December 31, 2023. In the opinion of management, the unaudited consolidated financial results included herein contain all adjustments, consisting solely of normal recurring accruals, considered necessary for the fair presentation of financial statements for the interim periods included herein. The results of operations for the three months ended March 31, 2024 are not necessarily indicative of the operating results to be expected for the full year. Financial statements prepared on a U.S. GAAP basis require management to make estimates and assumptions that affect the amounts and disclosures reported in the consolidated financial statements and accompanying notes. Such estimates and assumptions could change in the future as more information becomes known, which could impact the amounts reported and disclosed herein. Principles of Consolidation Under ASC 946, MSC Income Fund is precluded from consolidating other entities in which MSC Income Fund has equity investments, including those in which it has a controlling interest, unless the other entity is another investment company. An exception to this general principle in ASC 946 occurs if MSC Income Fund holds a controlling interest in an operating company that provides all or substantially all of its services directly to MSC Income Fund. Accordingly, as noted above, MSC Income Fund’s consolidated financial statements include the financial position and operating results for the Taxable Subsidiaries and the Structured Subsidiaries. MSC Income Fund has determined that none of its portfolio investments qualify for this exception. Therefore, MSC Income Fund’s Investment Portfolio is carried on the Consolidated Balance Sheets at fair value, as discussed further in Note B.1. — Summary of Significant Accounting Policies — Valuation of the Investment Portfolio , with any adjustments to fair value recognized as “Net Unrealized Appreciation (Depreciation)” until the investment is realized, usually upon exit, resulting in any gain or loss being recognized as a “Net Realized Gain (Loss),” in both cases on the Consolidated Statements of Operations. Portfolio Investment Classification MSC Income Fund classifies its Investment Portfolio in accordance with the requirements of the 1940 Act. Under the 1940 Act, (a) “Control Investments” are defined as investments in which MSC Income Fund owns more than 25% of the voting securities or has rights to maintain greater than 50% of the board representation, (b) “Affiliate Investments” are defined as investments in which MSC Income Fund owns between 5% and 25% (inclusive) of the voting securities and does not have rights to maintain greater than 50% of the board representation and (c) “Non-Control/Non-Affiliate Investments” are defined as investments that are neither Control Investments nor Affiliate Investments. For purposes of determining the classification of its Investment Portfolio, MSC Income Fund has excluded consideration of any voting securities or board appointment rights held by Main Street and third-party investment funds advised by the Adviser. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 3 Months Ended |
Mar. 31, 2024 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 1. Valuation of the Investment Portfolio MSC Income Fund accounts for its Investment Portfolio at fair value. As a result, MSC Income Fund follows the provisions of ASC 820, Fair Value Measurements and Disclosures (“ASC 820”). ASC 820 defines fair value, establishes a framework for measuring fair value, establishes a fair value hierarchy based on the quality of inputs used to measure fair value and enhances disclosure requirements for fair value measurements. ASC 820 requires MSC Income Fund to assume that the portfolio investment is to be sold in the principal market to independent market participants, which may be a hypothetical market. Market participants are defined as buyers and sellers in the principal market that are independent, knowledgeable and willing and able to transact. MSC Income Fund’s portfolio strategy calls for it to invest primarily in debt securities issued by Middle Market companies and illiquid debt and equity securities issued by privately held, LMM companies. The Middle Market companies in which MSC Income Fund invests are generally larger in size than the LMM companies and their debt securities can be more liquid than the debt securities issued by LMM companies. MSC Income Fund categorizes some of its investments in Middle Market companies and LMM companies as Private Loan portfolio investments, which are primarily debt securities in privately held companies that have primarily been originated directly by its Adviser or, to a lesser extent, through its Adviser’s strategic relationships with other investment funds on a collaborative basis through investments that are often referred to in the debt markets as “club deals” because of the small lender group size. In both cases, MSC Income Fund’s Private Loan investments are typically made to support a company owned by or in the process of being acquired by a private equity sponsor. Private Loan investments are made in companies that are generally consistent with the size of companies MSC Income Fund invests in through its Middle Market portfolio and LMM portfolio. MSC Income Fund’s portfolio also includes Other Portfolio investments which primarily consist of investments that are not consistent with the typical profiles for its Private Loan, LMM or Middle Market portfolio investments, including investments which may be managed by third parties. MSC Income Fund’s portfolio investments may be subject to restrictions on resale. Private Loan investments may include investments which have no established market or have established markets that are not active, while LMM investments and Other Portfolio investments generally have no established trading market. Middle Market portfolio investments generally have established markets that are not active. MSC Income Fund determines in good faith the fair value of its Investment Portfolio pursuant to a valuation policy in accordance with ASC 820, with such valuation process approved by its Board of Directors and in accordance with the 1940 Act. MSC Income Fund’s valuation policies and processes are intended to provide a consistent basis for determining the fair value of MSC Income Fund’s Investment Portfolio. For Private Loan and Middle Market portfolio investments in debt securities for which it has determined that third-party quotes or other independent pricing are not available or appropriate, MSC Income Fund generally estimates the fair value based on the assumptions that it believes hypothetical market participants would use to value the investment in a current hypothetical sale using the yield-to-maturity model (“Yield-to-Maturity”) valuation method. For LMM portfolio investments, MSC Income Fund generally reviews external events, including private mergers, sales and acquisitions involving comparable companies, and includes these events in the valuation process by using an enterprise value waterfall methodology (“Waterfall”) for its LMM equity investments and an income approach using a Yield-to-Maturity valuation method for its LMM debt investments. For Middle Market portfolio investments in debt securities for which it has determined that third-party quotes or other independent prices are available, MSC Income Fund primarily uses quoted prices in the valuation process. MSC Income Fund determines the appropriateness of the use of third-party broker quotes, if any, in determining fair value based on its understanding of the level of actual transactions used by the broker to develop the quote and whether the quote was an indicative price or binding offer, the depth and consistency of broker quotes and the correlation of changes in broker quotes with underlying performance of the portfolio company and other market indices. For its Other Portfolio equity investments, MSC Income Fund generally calculates the fair value of the investment primarily based on the net asset value (“NAV”) of the fund and adjusts the fair value for other factors deemed relevant that would affect the fair value of the investment. All of the valuation approaches for MSC Income Fund’s portfolio investments estimate the value of the investment as if MSC Income Fund was to sell, or exit, the investment as of the measurement date. These valuation approaches consider the value associated with MSC Income Fund’s ability to control the capital structure of the portfolio company, as well as the timing of a potential exit. For valuation purposes, “control” portfolio investments are composed of debt and equity securities in companies for which MSC Income Fund has a controlling interest in the equity ownership of the portfolio company or the ability to nominate a majority of the portfolio company’s board of directors. For valuation purposes, “non-control” portfolio investments are generally composed of debt and equity securities in companies for which MSC Income Fund does not have a controlling interest in the equity ownership of the portfolio company or the ability to nominate a majority of the portfolio company’s board of directors. Under the Waterfall valuation method, MSC Income Fund estimates the enterprise value of a portfolio company using a combination of market and income approaches or other appropriate valuation methods, such as considering recent transactions in the equity securities of the portfolio company or third-party valuations of the portfolio company, and then performs a Waterfall calculation by allocating the enterprise value over the portfolio company’s securities in order of their preference relative to one another. The enterprise value is the fair value at which an enterprise could be sold in a transaction between two willing parties, other than through a forced or liquidation sale. Typically, privately held companies are bought and sold based on multiples of earnings before interest, taxes, depreciation and amortization (“EBITDA”), cash flows, net income, revenues, or in limited cases, book value. There is no single methodology for estimating enterprise value. For any one portfolio company, enterprise value is generally described as a range of values from which a single estimate of enterprise value is derived. In estimating the enterprise value of a portfolio company, MSC Income Fund analyzes various factors including the portfolio company’s historical and projected financial results. Due to SEC deadlines for MSC Income Fund’s quarterly and annual financial reporting, the operating results of a portfolio company used in the current period valuation are generally the results from the period ended three months prior to such valuation date and may include unaudited, projected, budgeted or pro forma financial information and may require adjustments for non-recurring items or to normalize the operating results that may require significant judgment in determining. In addition, projecting future financial results requires significant judgment regarding future growth assumptions. In evaluating the operating results, MSC Income Fund also analyzes the impact of exposure to litigation, loss of customers or other contingencies. After determining the appropriate enterprise value, MSC Income Fund allocates the enterprise value to investments in order of the legal priority of the various components of the portfolio company’s capital structure. In applying the Waterfall valuation method, MSC Income Fund assumes the loans are paid-off at the principal amount in a change in control transaction and are not assumed by the buyer, which MSC Income Fund believes is consistent with its past transaction history and standard industry practices. Under the Yield-to-Maturity valuation method, MSC Income Fund also uses the income approach to determine the fair value of debt securities based on projections of the discounted future free cash flows that the debt security will likely generate, including analyzing the discounted cash flows of interest and principal amounts for the debt security, as set forth in the associated loan agreements, as well as the financial position and credit risk of the portfolio company. MSC Income Fund’s estimate of the expected repayment date of its debt securities is generally the maturity date of the instrument, as MSC Income Fund generally intends to hold its loans and debt securities to maturity. The Yield-to-Maturity analysis also considers changes in leverage levels, credit quality, portfolio company performance, changes in market-based interest rates and other factors. MSC Income Fund will generally use the value determined by the Yield-to-Maturity analysis as the fair value for that security; however, because of MSC Income Fund’s general intent to hold its loans to maturity, the fair value will not exceed the principal amount of the debt security valued using the Yield-to-Maturity valuation method. A change in the assumptions that MSC Income Fund uses to estimate the fair value of its debt securities using the Yield-to-Maturity valuation method could have a material impact on the determination of fair value. If there is deterioration in credit quality or if a debt security is in workout status, MSC Income Fund may consider other factors in determining the fair value of the debt security, including the value attributable to the debt security from the enterprise value of the portfolio company or the proceeds that would most likely be received in a liquidation analysis. Under the NAV valuation method, for an investment in an investment fund that does not have a readily determinable fair value, MSC Income Fund measures the fair value of the investment predominately based on the NAV of the investment fund as of the measurement date and adjusts the investment’s fair value for factors known to MSC Income Fund that would affect that fund’s NAV, including, but not limited to, fair values for individual investments held by the fund if MSC Income Fund holds the same investment or for a publicly traded investment. In addition, in determining the fair value of the investment, MSC Income Fund considers whether adjustments to the NAV are necessary in certain circumstances, based on the analysis of any restrictions on redemption of MSC Income Fund’s investment as of the measurement date, recent actual sales or redemptions of interests in the investment fund, and expected future cash flows available to equity holders, including the rate of return on those cash flows compared to an implied market return on equity required by market participants, or other uncertainties surrounding MSC Income Fund’s ability to realize the full NAV of its interests in the investment fund. Pursuant to its internal valuation process and the requirements under the 1940 Act, MSC Income Fund performs valuation procedures on each of its portfolio investments quarterly. In addition to its internal valuation process, in arriving at estimates of fair value for its investments in its Private Loan portfolio companies, MSC Income Fund, among other things, consults with a nationally recognized independent financial advisory services firm (the “Financial Advisory Firm”). The Financial Advisory Firm analyzes and provides observations and recommendations and an assurance certification regarding MSC Income Fund’s determinations of the fair value of its Private Loan portfolio company investments. The Financial Advisory Firm is generally consulted relative to MSC Income Fund’s investments in each Private Loan portfolio company at least once every calendar year, and for MSC Income Fund’s investments in new Private Loan portfolio companies, at least once in the twelve-month period subsequent to the initial investment. In certain instances, MSC Income Fund may determine that it is not cost-effective, and as a result is not in its stockholders’ best interest, to consult with the Financial Advisory Firm on its investments in one or more Private Loan portfolio companies. Such instances include, but are not limited to, situations where the fair value of MSC Income Fund’s investment in a Private Loan portfolio company is determined to be insignificant relative to the total Investment Portfolio. MSC Income Fund consulted with and received an assurance certification from the Financial Advisory Firm in arriving at its determination of fair value for its investments in a total of 14 Private Loan portfolio companies during each of the three months ended March 31, 2024 and 2023, representing 21% and 24% of the total Private Loan portfolio at fair value as of March 31, 2024 and 2023, respectively. A total of 55 Private Loan portfolio companies were reviewed and certified by the Financial Advisory Firm during the trailing twelve months ended March 31, 2024, representing 78% of the total Private Loan portfolio at fair value as of March 31, 2024. Excluding its investments in Private Loan portfolio companies that, as of March 31, 2024, had not been in the Investment Portfolio for at least twelve months subsequent to the initial investment and its investments in Private Loan portfolio companies that were not reviewed because the investment is valued based upon third-party quotes or other independent pricing, 91% of the Private Loan portfolio at fair value was reviewed and certified by the Financial Advisory Firm during the trailing twelve months ended March 31, 2024. For valuation purposes, all of MSC Income Fund’s Private Loan portfolio investments are non-control investments. For Private Loan portfolio investments for which it has determined that third-party quotes or other independent pricing are not available or appropriate, MSC Income Fund generally estimates the fair value based on the assumptions that it believes hypothetical market participants would use to value such Private Loan debt investments in a current hypothetical sale using the Yield-to-Maturity valuation method and such Private Loan equity investments in a current hypothetical sale using the Waterfall valuation method. In addition to its internal valuation process, in arriving at estimates of fair value for its investments in its LMM portfolio companies, MSC Income Fund, among other things, consults with the Financial Advisory Firm. The Financial Advisory Firm analyzes and provides observations, recommendations and an assurance certification regarding MSC Income Fund’s determinations of the fair value of its LMM portfolio company investments. The Financial Advisory Firm is generally consulted relative to MSC Income Fund’s investments in each LMM portfolio company at least once every calendar year, and for MSC Income Fund’s investments in new LMM portfolio companies, at least once in the twelve-month period subsequent to the initial investment. In certain instances, MSC Income Fund may determine that it is not cost-effective, and as a result is not in its stockholders’ best interest, to consult with the Financial Advisory Firm on its investments in one or more LMM portfolio companies. Such instances include, but are not limited to, situations where the fair value of MSC Income Fund’s investment in a LMM portfolio company is determined to be insignificant relative to the total Investment Portfolio. MSC Income Fund consulted with and received an assurance certification from the Financial Advisory Firm in arriving at its determination of fair value for its investments in a total of 12 and 13 LMM portfolio companies during the three months ended March 31, 2024 and 2023, respectively, representing 26% and 39% of the total LMM portfolio at fair value as of March 31, 2024 and 2023, respectively. A total of 46 LMM portfolio companies were reviewed and certified by the Financial Advisory Firm during the trailing twelve months ended March 31, 2024, representing 94% of the total LMM portfolio at fair value as of March 31, 2024. Excluding its investments in LMM portfolio companies that, as of March 31, 2024, had not been in the Investment Portfolio for at least twelve months subsequent to the initial investment or whose primary purpose is to own real estate for which a third-party appraisal is obtained on at least an annual basis, 99% of the LMM portfolio at fair value was reviewed and certified by the Financial Advisory Firm during the trailing twelve months ended March 31, 2024. For valuation purposes, all of MSC Income Fund’s Middle Market portfolio investments are non-control investments. To the extent sufficient observable inputs are available to determine fair value, MSC Income Fund uses observable inputs to determine the fair value of these investments through obtaining third-party quotes or other independent pricing. For Middle Market portfolio investments for which it has determined that third-party quotes or other independent pricing are not available or appropriate, MSC Income Fund generally estimates the fair value based on the assumptions that it believes hypothetical market participants would use to value such Middle Market debt investments in a current hypothetical sale using the Yield-to-Maturity valuation method and such Middle Market equity investments in a current hypothetical sale using the Waterfall valuation method. MSC Income Fund generally consults on a limited basis with the Financial Advisory Firm in connection with determining the fair value of its Middle Market portfolio investments due to the nature of these investments. The vast majority (96% and 97% as of March 31, 2024 and December 31, 2023, respectively) of the Middle Market portfolio investments (i) are valued using third-party quotes or other independent pricing services or (ii) MSC Income Fund has consulted with and received an assurance certification from the Financial Advisory Firm within the last twelve months. For valuation purposes, all of MSC Income Fund’s Other Portfolio investments are non-control investments. MSC Income Fund’s Other Portfolio investments comprised 2.2% and 2.3% of MSC Income Fund’s Investment Portfolio at fair value as of March 31, 2024 and December 31, 2023, respectively. Similar to the LMM investment portfolio, market quotations for Other Portfolio equity investments are generally not readily available. For its Other Portfolio equity investments, MSC Income Fund generally determines the fair value of these investments using the NAV valuation method. Due to the inherent uncertainty in the valuation process, MSC Income Fund’s determination of fair value for its Investment Portfolio may differ materially from the values that would have been determined had a ready market for the securities existed. In addition, changes in the market environment, portfolio company performance and other events that may occur over the lives of the investments may cause the gains or losses ultimately realized on these investments to be materially different than the valuations currently assigned. MSC Income Fund determines the fair value of each individual investment and records changes in fair value as unrealized appreciation or depreciation. MSC Income Fund uses an internally developed portfolio investment rating system in connection with its investment oversight, portfolio management and analysis and investment valuation procedures for its Private Loan, LMM and Middle Market portfolio companies. This system takes into account both quantitative and qualitative factors of each Private Loan, LMM and Middle Market portfolio company. Rule 2a-5 under the 1940 Act permits a BDC’s board of directors to designate its executive officers or investment adviser as a valuation designee to determine the fair value for its investment portfolio, subject to the active oversight of the board. MSC Income Fund’s Board of Directors has approved policies and procedures pursuant to Rule 2a-5 (the “Valuation Procedures”) and has designated the Adviser, led by a group of Main Street’s and the Adviser’s executive officers, to serve as the Board of Directors’ valuation designee. MSC Income Fund believes its Investment Portfolio as of March 31, 2024 and December 31, 2023 approximates fair value as of those dates based on the markets in which it operates and other conditions in existence on those reporting dates. 2. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the period. Actual results may differ from these estimates under different conditions or assumptions. Additionally, as explained in Note B.1. — Summary of Significant Accounting Policies — Valuation of the Investment Portfolio , the consolidated financial statements include investments in the Investment Portfolio whose values have been estimated by MSC Income Fund pursuant to valuation policies and procedures approved and overseen by MSC Income Fund’s Board of Directors, in the absence of readily ascertainable market values. Because of the inherent uncertainty of the Investment Portfolio valuations, those estimated values may differ materially from the values that would have been determined had a ready market for the securities existed. Macroeconomic factors, including pandemics, risk of recession, inflation, supply chain constraints or disruptions, geopolitical disruptions and changing market index interest rates, and the related effect on the U.S. and global economies, have impacted, and may continue to impact, the businesses and operating results of certain of MSC Income Fund’s portfolio companies. As a result of these and other current effects of macroeconomic factors, as well as the uncertainty regarding the extent and duration of their impact, the valuation of MSC Income Fund’s Investment Portfolio has and may continue to experience increased volatility. 3. Cash and Cash Equivalents Cash and cash equivalents consist of cash and highly liquid investments with an original maturity of three months or less at the date of purchase. Cash and cash equivalents are carried at cost, which approximates fair value. At March 31, 2024 and December 31, 2023, the Company had $13.6 million and $20.8 million, respectively of cash equivalents invested in AAA-rated money market funds pending investment in the Company’s primary investment strategies. These highly liquid investments are included in the Consolidated Schedule of Investments. At March 31, 2024 and December 31, 2023, cash balances totaling $10.8 million and $9.0 million, respectively, exceeded Federal Deposit Insurance Corporation insurance protection levels, subjecting the Company to risk related to the uninsured balance. 4. Interest, Dividend and Fee Income MSC Income Fund records interest and dividend income on the accrual basis to the extent amounts are expected to be collected. Dividend income is recorded when dividends are declared by the portfolio company or at such other time that an obligation exists for the portfolio company to make a distribution. MSC Income Fund evaluates accrued interest and dividend income periodically for collectability. When a loan or debt security becomes 90 days or more past due, and if MSC Income Fund otherwise does not expect the debtor to be able to service its debt obligation, MSC Income Fund will generally place the loan or debt security on non-accrual status and cease recognizing interest income on that loan or debt security until the borrower has demonstrated the ability and intent to pay contractual amounts due. If a loan or debt security’s status significantly improves regarding the debtor’s ability to service the debt obligation, or if a loan or debt security is sold or written off, MSC Income Fund removes it from non-accrual status. As of March 31, 2024, investments on non-accrual status comprised 0.7% of MSC Income Fund’s total Investment Portfolio at fair value and 3.6% at cost. As of December 31, 2023, investments on non-accrual status comprised 1.1% of MSC Income Fund’s total Investment Portfolio at fair value and 4.0% at cost. MSC Income Fund holds certain debt and preferred equity instruments in its Investment Portfolio that contain PIK interest and cumulative dividend provisions. The PIK interest, computed at the contractual rate specified in each debt agreement, is periodically added to the principal balance of the debt and is recorded as interest income. Thus, the actual collection of this interest may be deferred until the time of debt principal repayment. Cumulative dividends are recorded as dividend income, and any dividends in arrears are added to the balance of the preferred equity investment. The actual collection of these dividends in arrears may be deferred until such time as the preferred equity is redeemed or sold. To maintain RIC tax treatment (as discussed in Note B.7. — Summary of Significant Accounting Policies — Income Taxes below), these non-cash sources of income may need to be paid out to stockholders in the form of distributions, even though MSC Income Fund may not have collected the PIK interest and cumulative dividends in cash. MSC Income Fund stops accruing PIK interest and cumulative dividends and writes off any accrued and uncollected interest and dividends in arrears when it determines that such PIK interest and dividends in arrears are no longer collectible. For the three months ended March 31, 2024 and 2023, 4.5% and 3.8%, respectively, of MSC Income Fund’s total investment income was attributable to PIK interest income not paid currently in cash. For each of the three months ended March 31, 2024 and 2023, 0.1% of MSC Income Fund’s total investment income was attributable to cumulative dividend income not paid currently in cash. MSC Income Fund may periodically provide services, including structuring and advisory services, to its portfolio companies or other third parties. For services that are separately identifiable and evidence exists to substantiate fair value, fee income is recognized as earned. Fees received in connection with debt financing transactions are generally deferred and accreted into income over the life of the financing. A presentation of total investment income MSC Income Fund received from its Investment Portfolio in each of the periods presented is as follows: Three Months Ended 2024 2023 (dollars in thousands) Interest, fee and dividend income: Interest income $ 29,059 $ 28,932 Dividend income 2,472 1,559 Fee income 2,419 555 Total interest, fee and dividend income $ 33,950 $ 31,046 5. Deferred Financing Costs Deferred financing costs include commitment fees and other direct costs incurred in connection with arranging MSC Income Fund’s borrowings. Deferred financing costs incurred in connection with MSC Income Fund’s multi-year revolving Credit Facilities (as defined in Note D — Debt ) have been capitalized as an asset. Deferred financing costs incurred in connection with the Series A Notes (as defined in Note D — Debt ) are reflected as a direct deduction from the principal amount outstanding. 6. Unearned Income—Debt Origination Fees and Original Issue Discount and Discounts / Premiums to Par Value MSC Income Fund capitalizes debt origination fees received in connection with financings and reflects such fees as unearned income netted against the applicable debt investments. The unearned income from the fees is accreted into income over the life of the financing. In connection with its portfolio debt investments, MSC Income Fund sometimes receives nominal cost warrants or warrants with an exercise price below the fair value of the underlying equity (together, “nominal cost equity”) that are valued as part of the negotiation process with the particular portfolio company. When MSC Income Fund receives nominal cost equity, it allocates its cost basis in its investment between its debt security and its nominal cost equity at the time of origination based on amounts negotiated with the particular portfolio company. The allocated amounts are based upon the fair value of the nominal cost equity, which is then used to determine the allocation of cost to the debt security. Any discount recorded on a debt investment resulting from this allocation is reflected as unearned income, which is netted against the applicable debt investment, and accreted into interest income over the life of the debt investment. The actual collection of this interest is deferred until the time of debt principal repayment. MSC Income Fund may also purchase debt securities at a discount or at a premium to the par value of the debt security. In the case of a purchase at a discount, MSC Income Fund records the investment at the par value of the debt security net of the discount, and the discount is accreted into interest income over the life of the debt investment. In the case of a purchase at a premium, MSC Income Fund records the investment at the par value of the debt security plus the premium, and the premium is amortized as a reduction to interest income over the life of the debt investment. To maintain RIC tax treatment (as discussed in Note B.7. — Summary of Significant Accounting Policies — Income Taxes below), these non-cash sources of income may need to be paid out to stockholders in the form of distributions, even though MSC Income Fund may not have collected the interest income. For each of the three months ended March 31, 2024 and 2023, 2.5% of MSC Income Fund’s total investment income was attributable to interest income from the accretion of discounts associated with debt investments, net of any premium amortization. 7. Income Taxes MSIF has elected to be treated for U.S. federal income tax purposes as a RIC. MSIF’s taxable income includes the taxable income generated by MSIF and certain of its subsidiaries, including the Structured Subsidiaries, which are treated as disregarded entities for tax purposes. As a RIC, MSIF generally will not pay corporate-level U.S. federal income taxes on any net ordinary taxable income or capital gains that MSIF distributes to its stockholders. MSIF must generally distribute at least 90% of its “investment company taxable income” (which is generally its net ordinary taxable income and realized net short-term capital gains in excess of realized net long-term capital losses) and 90% of its tax-exempt income to maintain its RIC status (pass-through tax treatment for amounts distributed). As part of maintaining RIC status, undistributed taxable income (subject to a 4% non-deductible U.S. federal excise tax) pertaining to a given fiscal year may be distributed up to twelve months subsequent to the end of that fiscal year, provided such dividends are declared on or prior to the later of (i) the filing of the U.S. federal income tax return for the applicable fiscal year or (ii) the fifteenth day of the ninth month following the close of the year in which such taxable income was generated. The Taxable Subsidiaries primarily hold certain equity investments for MSC Income Fund. The Taxable Subsidiaries permit MSC Income Fund to hold equity investments in portfolio companies which are “pass-through” entities for tax purposes and to continue to comply with the “source-of-income” requirements contained in the RIC tax provisions of the Code. The Taxable Subsidiaries are consolidated with MSC Income Fund for U.S. GAAP financial reporting purposes, and the portfolio investments held by the Taxable Subsidiaries are included in MSC Income Fund’s consolidated financial statements as portfolio investments and recorded at fair value. The Taxable Subsidiaries are not consolidated with MSIF for income tax purposes and may generate income tax expense, or benefit, and tax assets and liabilities, as a result of their ownership of certain portfolio investments. The |
FAIR VALUE HIERARCHY FOR INVEST
FAIR VALUE HIERARCHY FOR INVESTMENTS—PORTFOLIO COMPOSITION | 3 Months Ended |
Mar. 31, 2024 | |
Fair Value Disclosures [Abstract] | |
FAIR VALUE HIERARCHY FOR INVESTMENTS—PORTFOLIO COMPOSITION | FAIR VALUE HIERARCHY FOR INVESTMENTS—PORTFOLIO COMPOSITION ASC 820 defines fair value, establishes a framework for measuring fair value, establishes a fair value hierarchy based on the quality of inputs used to measure fair value, and enhances disclosure requirements for fair value measurements. MSC Income Fund accounts for its investments at fair value. Fair Value Hierarchy In accordance with ASC 820, MSC Income Fund has categorized its investments based on the priority of the inputs to the valuation technique into a three-level fair value hierarchy. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical investments (Level 1) and the lowest priority to unobservable inputs (Level 3). Investments recorded on MSC Income Fund’s Consolidated Balance Sheets are categorized based on the inputs to the valuation techniques as follows: Level 1 — Investments whose values are based on unadjusted quoted prices for identical assets in an active market that MSC Income Fund has the ability to access (examples include investments in active exchange-traded equity securities and investments in most U.S. government and agency securities). Level 2 — Investments whose values are based on quoted prices in markets that are not active or model inputs that are observable either directly or indirectly for substantially the full term of the investment. Level 2 inputs include the following: • Quoted prices for similar assets in active markets (for example, investments in restricted stock); • Quoted prices for identical or similar assets in non-active markets (for example, investments in thinly traded public companies); • Pricing models whose inputs are observable for substantially the full term of the investment (for example, market interest rate indices); and • Pricing models whose inputs are derived principally from, or corroborated by, observable market data through correlation or other means for substantially the full term of the investment. Level 3 — Investments whose values are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement (for example, investments in illiquid securities issued by privately held companies). These inputs reflect management’s own assumptions about the assumptions a market participant would use in pricing the investment. As required by ASC 820, when the inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurement in its entirety. For example, a Level 3 fair value measurement may include inputs that are observable (Levels 1 and 2) and unobservable (Level 3). Therefore, unrealized appreciation and depreciation related to such investments categorized within the Level 3 tables below may include changes in fair value that are attributable to both observable inputs (Levels 1 and 2) and unobservable inputs (Level 3). As of March 31, 2024 and December 31, 2023, MSC Income Fund’s Private Loan portfolio investments primarily consisted of investments in secured debt investments. The fair value determination for these investments consisted of a combination of observable inputs in non-active markets for which sufficient observable inputs were not available to determine the fair value of these investments and unobservable inputs. As a result, all of MSC Income Fund’s Private Loan portfolio investments were categorized as Level 3 as of March 31, 2024 and December 31, 2023. As of March 31, 2024 and December 31, 2023, all of MSC Income Fund’s LMM portfolio investments consisted of illiquid securities issued by privately held companies and the fair value determination for these investments primarily consisted of unobservable inputs. As a result, all of MSC Income Fund’s LMM portfolio investments were categorized as Level 3 as of March 31, 2024 and December 31, 2023. As of March 31, 2024 and December 31, 2023, MSC Income Fund’s Middle Market portfolio investments consisted primarily of investments in secured and unsecured debt investments and independently rated debt investments. The fair value determination for these investments consisted of a combination of observable inputs in non-active markets for which sufficient observable inputs were not available to determine the fair value of these investments and unobservable inputs. As a result, all of MSC Income Fund’s Middle Market portfolio investments were categorized as Level 3 as of March 31, 2024 and December 31, 2023. As of March 31, 2024 and December 31, 2023, MSC Income Fund’s Other Portfolio investments consisted of illiquid securities issued by privately held entities and the fair value determination for these investments primarily consisted of unobservable inputs. As a result, all of MSC Income Fund’s Other Portfolio investments were categorized as Level 3 as of March 31, 2024 and December 31, 2023. As of March 31, 2024 and December 31, 2023, all money market funds included in cash and cash equivalents were valued using Level 1 inputs. The fair value determination of each portfolio investment categorized as Level 3 required one or more of the following unobservable inputs: • Financial information obtained from each portfolio company, including unaudited statements of operations and balance sheets for the most recent period available as compared to budgeted numbers; • Current and projected financial condition of the portfolio company; • Current and projected ability of the portfolio company to service its debt obligations; • Type and amount of collateral, if any, underlying the investment; • Current financial ratios (e.g., fixed charge coverage ratio, interest coverage ratio and net debt/ EBITDA ratio) applicable to the investment; • Current liquidity of the investment and related financial ratios (e.g., current ratio and quick ratio); • Pending debt or capital restructuring of the portfolio company; • Projected operating results of the portfolio company; • Current information regarding any offers to purchase the investment; • Current ability of the portfolio company to raise any additional financing as needed; • Changes in the economic environment which may have a material impact on the operating results of the portfolio company; • Internal occurrences that may have an impact (both positive and negative) on the operating performance of the portfolio company; • Qualitative assessment of key management; • Contractual rights, obligations or restrictions associated with the investment; and • Other factors deemed relevant. The use of significant unobservable inputs creates uncertainty in the measurement of fair value as of the reporting date. The significant unobservable inputs used in the fair value measurement of MSC Income Fund’s LMM equity securities, which are generally valued through an average of the discounted cash flow technique and the market comparable/enterprise value technique (unless one of these approaches is determined to not be appropriate), are (i) EBITDA multiples and (ii) the weighted-average cost of capital (“WACC”). Significant increases (decreases) in EBITDA multiple inputs in isolation would result in a significantly higher (lower) fair value measurement. On the contrary, significant increases (decreases) in WACC inputs in isolation would result in a significantly lower (higher) fair value measurement. The significant unobservable inputs used in the fair value measurement of MSC Income Fund’s Private Loan, LMM and Middle Market debt securities are (i) risk adjusted discount rates used in the Yield-to-Maturity valuation technique (see Note B.1. — Summary of Significant Accounting Policies — Valuation of the Investment Portfolio ) and (ii) the percentage of expected principal recovery. Significant increases (decreases) in any of these discount rates in isolation would result in a significantly lower (higher) fair value measurement. Significant increases (decreases) in any of these expected principal recovery percentages in isolation would result in a significantly higher (lower) fair value measurement. However, due to the nature of certain investments, fair value measurements may be based on other criteria, such as third-party appraisals of collateral and fair values as determined by independent third parties, which are not presented in the tables below. The following tables provide a summary of the significant unobservable inputs used to fair value MSC Income Fund’s Level 3 portfolio investments as of March 31, 2024 and December 31, 2023: Type of Fair Value as of March 31, (in thousands) Valuation Technique Significant Range(3) Weighted Average(3) Median(3) Equity investments $ 256,254 Discounted cash flow WACC 10.7% - 22.4% 14.2 % 15.1 % Market comparable / Enterprise value EBITDA multiple (1) 4.3x - 9.4x (2) 7.3x 6.5x Debt investments $ 798,929 Discounted cash flow Risk adjusted discount factor (4) 9.6% - 17.0% (2) 13.3 % 12.6 % Expected principal recovery percentage 0.3% - 100.0% 99.3 % 100.0 % Debt investments $ 60,799 Market approach Third-party quote 38.3 - 100.5 85.2 91.5 Total Level 3 investments $ 1,115,982 _____________________ (1) EBITDA may include proforma adjustments and/or other add-backs based on specific circumstances related to each investment. (2) Range excludes outliers that are greater than one standard deviation from the mean. Including these outliers, the range for EBITDA multiple is 2.0x - 15.7x and the range for risk adjusted discount factor is 8.0% - 31.9%. (3) Does not include investments for which the valuation technique does not include the use of the applicable fair value input. (4) Discount rate includes the effect of the standard SOFR base rate, as applicable. Type of Fair Value as of December 31, 2023 (in thousands) Valuation Technique Significant Range(3) Weighted Median(3) Equity investments $ 254,770 Discounted cash flow WACC 10.9% - 22.5% 14.4 % 15.5 % Market comparable / Enterprise value EBITDA multiple (1) 4.9x - 9.2x (2) 7.3x 6.5x Debt investments $ 777,003 Discounted cash flow Risk adjusted discount factor (4) 9.8% - 16.8% (2) 13.1 % 12.8 % Expected principal recovery percentage 0.6% - 100.0% 99.6 % 100.0 % Debt investments $ 61,122 Market approach Third-party quote 4.5 - 99.2 85.0 89.5 Total Level 3 investments $ 1,092,895 _____________________ (1) EBITDA may include proforma adjustments and/or other add-backs based on specific circumstances related to each investment. (2) Range excludes outliers that are greater than one standard deviation from the mean. Including these outliers, the range for EBITDA multiple is 2.0x - 15.7x and the range for risk adjusted discount factor is 8.0% - 27.3%. (3) Does not include investments for which the valuation technique does not include the use of the applicable fair value input. (4) Discount rate includes the effect of the standard SOFR base rate, as applicable. The following tables provide a summary of changes in fair value of MSC Income Fund’s Level 3 portfolio investments for the three months ended March 31, 2024 and 2023 (amounts in thousands): Type of Fair Value as of December 31, Transfers Redemptions/ New Net Net Other(1) Fair Value as of March 31, Debt $ 838,125 $ — $ (50,999) $ 75,519 $ 884 $ (3,635) $ (166) $ 859,728 Equity 254,029 — (3,324) 3,025 673 1,053 166 255,622 Equity Warrant 741 — — — — (109) — 632 $ 1,092,895 $ — $ (54,323) $ 78,544 $ 1,557 $ (2,691) $ — $ 1,115,982 ______________________ (1) Includes the impact of non-cash conversions. These transactions represent non-cash investing activities. See additional cash flow information in the Consolidated Statements of Cash Flows. Type of Fair Value as of December 31, Transfers Redemptions/ New Net Net Other(1) Fair Value as of March 31, Debt $ 852,282 $ — $ (23,105) $ 25,679 $ 1,403 $ (7,409) $ (4,906) $ 843,944 Equity 214,687 — (1,311) 1,828 (3,809) 5,005 6,011 222,411 Equity Warrant 1,174 — — — — 670 (1,105) 739 $ 1,068,143 $ — $ (24,416) $ 27,507 $ (2,406) $ (1,734) $ — $ 1,067,094 _____________________ (1) Includes the impact of non-cash conversions. These transactions represent non-cash investing activities. See additional cash flow information in the Consolidated Statements of Cash Flows. At March 31, 2024 and December 31, 2023, MSC Income Fund's investments at fair value were categorized as follows in the fair value hierarchy for ASC 820 purposes: Fair Value Measurements (in thousands) At March 31, 2024 Fair Value Quoted Prices in Significant Other Significant Private Loan portfolio investments $ 631,447 $ — $ — $ 631,447 LMM portfolio investments 391,575 — — 391,575 Middle Market portfolio investments 68,352 — — 68,352 Other Portfolio investments 24,608 — — 24,608 Total investments $ 1,115,982 $ — $ — $ 1,115,982 Fair Value Measurements (in thousands) At December 31, 2023 Fair Value Quoted Prices in Significant Other Significant Private Loan portfolio investments $ 595,326 $ — $ — $ 595,326 LMM portfolio investments 386,956 — — 386,956 Middle Market portfolio investments 85,990 — — 85,990 Other Portfolio investments 24,623 — — 24,623 Total investments $ 1,092,895 $ — $ — $ 1,092,895 Investment Portfolio Composition MSC Income Fund’s principal investment objective is to maximize its portfolio’s total return by generating current income from its debt investments and current income and capital appreciation from its equity and equity-related investments, including warrants, convertible securities and other rights to acquire equity securities in a portfolio company. MSC Income Fund seeks to achieve its investment objective primarily through its Private Loan and LMM investment strategies. MSC Income Fund’s private loan (“Private Loan”) investment strategy is focused on investments in privately held companies that are generally consistent with the size of its LMM portfolio companies or Middle Market portfolio companies, and its Private Loan investments generally range in size from $1 million to $30 million. MSC Income Fund’s Private Loan investments primarily consist of debt securities that have primarily been originated directly by the Adviser or, to a lesser extent, through the Adviser’s strategic relationships with other investment funds on a collaborative basis through investments that are often referred to in the debt markets as “club deals” because of the small lender group size. In both cases, our Private Loan investments are typically made to support a company owned by or in the process of being acquired by a private equity sponsor. MSC Income Fund’s Private Loan portfolio debt investments are generally secured by a first priority lien on the assets of the portfolio company and typically have a term of between three MSC Income Fund’s LMM investment strategy is focused on investments in secured debt and equity in privately held, LMM companies based in the United States. MSC Income Fund’s LMM portfolio companies generally have annual revenues between $10 million and $150 million, and its LMM investments generally range in size from $1 million to $20 million. The LMM debt investments are typically secured by a first priority lien on the assets of the portfolio company, can include either fixed or floating rate terms and generally have a term of between five MSC Income Fund has also historically maintained a Middle Market investment strategy which is focused on investments in syndicated loans to or debt securities in Middle Market companies, which MSC Income Fund defines as companies with annual revenues between $150 million and $1.5 billion, and its Middle Market investments generally range in size from $1 million to $20 million. MSC Income Fund’s Middle Market portfolio debt investments are generally secured by a first priority lien on the assets of the portfolio company and typically have an expected duration of between three MSC Income Fund’s other portfolio (“Other Portfolio”) investments primarily consist of investments that are not consistent with the typical profiles for its Private Loan, LMM or Middle Market portfolio investments, including investments which may be managed by third parties. In the Other Portfolio, MSC Income Fund may incur indirect fees and expenses in connection with investments managed by third parties, such as investments in other investment companies or private funds. For Other Portfolio investments, MSC Income Fund generally receives distributions related to the assets held by the portfolio company. Those assets are typically expected to be liquidated over a five Investment income, consisting of interest, dividends and fees, can fluctuate dramatically due to various factors, including the level of new investment activity, repayments of debt investments or sales of equity interests. Investment income in any given year could also be highly concentrated among several portfolio companies. For the three months ended March 31, 2024 and 2023, MSC Income Fund did not record investment income from any single portfolio company in excess of 10% of total investment income. The following tables provide a summary of MSC Income Fund’s investments in the Private Loan, LMM and Middle Market portfolios as of March 31, 2024 and December 31, 2023 (this information excludes Other Portfolio investments, which are discussed further below). As of March 31, 2024 Private Loan LMM (a) Middle Market (dollars in millions) Number of portfolio companies 79 51 15 Fair value $ 631.4 $ 391.6 $ 68.4 Cost $ 624.3 $ 319.2 $ 97.7 Debt investments as a % of portfolio (at cost) 94.6 % 70.3 % 91.7 % Equity investments as a % of portfolio (at cost) 5.4 % 29.7 % 8.3 % % of debt investments at cost secured by first priority lien 99.9 % 99.9 % 99.9 % Weighted-average annual effective yield (b) 13.0 % 13.0 % 13.4 % Average EBITDA (c) $ 34.7 $ 9.2 $ 62.5 ___________________ (a) At March 31, 2024, MSC Income Fund had equity ownership in all of its LMM portfolio companies, and the average fully diluted equity ownership in those portfolio companies was 9%. (b) The weighted-average annual effective yields were computed using the effective interest rates for all debt investments at cost as of March 31, 2024, including amortization of deferred debt origination fees and accretion of original issue discount but excluding fees payable upon repayment of the debt instruments and any debt investments on non-accrual status. The weighted-average annual effective yield on MSC Income Fund’s debt portfolio as of March 31, 2024 including debt investments on non-accrual status was 12.6% for its Private Loan portfolio, 13.0% for its LMM portfolio and 10.1% for its Middle Market portfolio. The weighted-average annual effective yield is not reflective of what an investor in shares of MSC Income Fund’s common stock will realize on its investment because it does not reflect MSC Income Fund’s utilization of debt capital in its capital structure, MSC Income Fund’s expenses or any sales load paid by an investor. (c) The average EBITDA is calculated using a weighted-average for the Private Loan and Middle Market portfolios and a simple average for the LMM portfolio. These calculations exclude certain portfolio companies, including one Private Loan portfolio company, two LMM portfolio companies and one Middle Market portfolio company, as EBITDA is not a meaningful valuation metric for MSC Income Fund’s investments in these portfolio companies, and those portfolio companies whose primary purpose is to own real estate. As of December 31, 2023 Private Loan LMM (a) Middle Market (dollars in millions) Number of portfolio companies 78 50 16 Fair value $ 595.3 $ 387.0 $ 86.0 Cost $ 586.4 $ 315.7 $ 114.7 Debt investments as a % of portfolio (at cost) 94.1 % 70.2 % 93.1 % Equity investments as a % of portfolio (at cost) 5.9 % 29.8 % 6.9 % % of debt investments at cost secured by first priority lien 100.0 % 99.9 % 100.0 % Weighted-average annual effective yield (b) 13.1 % 13.0 % 13.0 % Average EBITDA (c) $ 30.5 $ 8.8 $ 74.2 ___________________ (a) At December 31, 2023, MSC Income Fund had equity ownership in all of its LMM portfolio companies, and the average fully diluted equity ownership in those portfolio companies was 9%. (b) The weighted-average annual effective yields were computed using the effective interest rates for all debt investments at cost as of December 31, 2023, including amortization of deferred debt origination fees and accretion of original issue discount but excluding fees payable upon repayment of the debt instruments and any debt investments on non-accrual status. The weighted-average annual effective yield on MSC Income Fund’s debt portfolio as of December 31, 2023 including debt investments on non-accrual status was 12.6% for its Private Loan portfolio, 13.0% for its LMM portfolio and 9.9% for its Middle Market portfolio. The weighted-average annual effective yield is not reflective of what an investor in shares of MSC Income Fund’s common stock will realize on its investment because it does not reflect MSC Income Fund’s utilization of debt capital in its capital structure, MSC Income Fund’s expenses or any sales load paid by an investor. (c) The average EBITDA is calculated using a weighted-average for the Private Loan and Middle Market portfolios and a simple average for the LMM portfolio. These calculations exclude certain portfolio companies, including one Private Loan portfolio company, as EBITDA is not a meaningful valuation metric for MSC Income Fund’s investment in this portfolio company, and those portfolio companies whose primary purpose is to own real estate. For the three months ended March 31, 2024 and 2023, MSC Income Fund achieved an annualized total return on investments of 11.8% and 11.4%, respectively. For the year ended December 31, 2023, MSC Income Fund achieved a total return on investments of 13.6%. Total return on investments is calculated using the interest, dividend and fee income, as well as the realized and unrealized change in fair value of the Investment Portfolio for the specified period. MSC Income Fund’s total return on investments is not reflective of what an investor in shares of MSC Income Fund’s common stock will realize on its investment because it does not reflect MSC Income Fund ’ s utilization of debt capital in its capital structure, MSC Income Fund ’ s expenses or any sales load paid by an investor. As of March 31, 2024, MSC Income Fund had Other Portfolio investments in four entities, collectively totaling $24.6 million in fair value and $21.4 million in cost basis and which comprised 2.2% and 2.0% of MSC Income Fund’s Investment Portfolio at fair value and cost, respectively. As of December 31, 2023, MSC Income Fund had Other Portfolio investments in four entities, collectively totaling $24.6 million in fair value and $21.5 million in cost basis and which comprised 2.3% and 2.1% of MSC Income Fund’s Investment Portfolio at fair value and cost, respectively. The following tables summarize the composition of MSC Income Fund’s total combined Private Loan, LMM and Middle Market portfolio investments at cost and fair value by type of investment as a percentage of the total combined Private Loan, LMM and Middle Market portfolio investments, as of March 31, 2024 and December 31, 2023 (this information excludes Other Portfolio investments, which are discussed above). Cost: March 31, 2024 December 31, 2023 First lien debt 86.9 % 86.5 % Equity 12.9 13.3 Second lien debt — — Equity warrants 0.2 0.2 Other — — 100.0 % 100.0 % Fair Value: March 31, 2024 December 31, 2023 First lien debt 78.7 % 78.4 % Equity 21.2 21.5 Second lien debt — — Equity warrants 0.1 0.1 Other — — 100.0 % 100.0 % The following tables summarize the composition of MSC Income Fund’s total combined Private Loan, LMM and Middle Market portfolio investments by geographic region of the United States and other countries at cost and fair value as a percentage of the total combined Private Loan, LMM and Middle Market portfolio investments, as of March 31, 2024 and December 31, 2023 (this information excludes Other Portfolio investments). The geographic composition is determined by the location of the corporate headquarters of the portfolio company. Cost: March 31, 2024 December 31, 2023 Northeast 22.0 % 21.9 % Southwest 21.3 23.8 West 18.8 17.0 Southeast 18.6 17.8 Midwest 17.5 17.6 Canada 0.8 0.8 Other Non-United States 1.0 1.1 100.0 % 100.0 % Fair Value: March 31, 2024 December 31, 2023 Southwest 24.4 % 26.8 % Northeast 21.6 21.6 Midwest 18.2 18.3 West 18.0 16.4 Southeast 16.0 15.0 Canada 0.8 0.8 Other Non-United States 1.0 1.1 100.0 % 100.0 % MSC Income Fund’s Private Loan, LMM and Middle Market portfolio investments are in companies conducting business in a variety of industries. The following tables summarize the composition of MSC Income Fund’s total combined Private Loan, LMM and Middle Market portfolio investments by industry at cost and fair value as of March 31, 2024 and December 31, 2023 (this information excludes Other Portfolio investments). Cost: March 31, 2024 December 31, 2023 Internet Software & Services 8.6 % 8.8 % Commercial Services & Supplies 8.0 8.5 Diversified Consumer Services 5.9 5.4 Machinery 5.5 5.8 Professional Services 5.5 5.7 IT Services 5.3 5.2 Health Care Providers & Services 4.9 6.5 Containers & Packaging 4.2 4.3 Distributors 4.2 4.4 Electrical Equipment 3.8 2.2 Leisure Equipment & Products 3.6 3.7 Textiles, Apparel & Luxury Goods 3.1 3.1 Specialty Retail 2.9 2.9 Communications Equipment 2.7 2.7 Computers & Peripherals 2.7 2.9 Building Products 2.5 2.1 Construction & Engineering 2.5 2.5 Aerospace & Defense 2.4 2.6 Media 2.4 2.5 Diversified Financial Services 2.0 2.1 Hotels, Restaurants & Leisure 2.0 2.1 Household Products 2.0 2.0 Energy Equipment & Services 1.7 0.5 Internet & Catalog Retail 1.7 1.6 Food & Staples Retailing 1.6 1.5 Software 1.5 1.4 Health Care Equipment & Supplies 1.2 1.3 Other (1) 5.6 5.7 100.0 % 100.0 % ___________________ (1) Includes various industries with each industry individually less than 1.0% of the total combined Private Loan, LMM and Middle Market portfolio investments at each date. Fair Value: March 31, 2024 December 31, 2023 Internet Software & Services 7.1 % 7.3 % Commercial Services & Supplies 6.9 7.3 Diversified Consumer Services 6.9 6.5 Machinery 6.9 7.2 Professional Services 5.4 5.5 IT Services 5.2 5.0 Computers & Peripherals 4.7 4.6 Containers & Packaging 4.6 4.6 Distributors 4.6 4.6 Health Care Providers & Services 4.3 6.0 Electrical Equipment 3.8 2.3 Construction & Engineering 3.2 3.1 Leisure Equipment & Products 3.1 3.3 Specialty Retail 2.8 2.9 Textiles, Apparel & Luxury Goods 2.8 2.9 Media 2.5 2.6 Aerospace & Defense 2.4 2.5 Building Products 2.3 1.9 Construction Materials 2.1 2.2 Diversified Financial Services 1.9 2.0 Household Products 1.9 1.9 Software 1.9 1.7 Air Freight & Logistics 1.6 1.6 Hotels, Restaurants & Leisure 1.6 1.6 Internet & Catalog Retail 1.5 1.5 Energy Equipment & Services 1.4 0.3 Food & Staples Retailing 1.3 1.2 Communications Equipment 1.1 1.1 Other (1) 4.2 4.8 100.0 % 100.0 % ___________________ (1) Includes various industries with each industry individually less than 1.0% of the total combined Private Loan, LMM and Middle Market portfolio investments at each date. At March 31, 2024 and December 31, 2023, MSC Income Fund had no portfolio investment that was greater than 10% of the Investment Portfolio at fair value. Unconsolidated Significant Subsidiaries In accordance with Rules 3-09 and 4-08(g) of Regulation S-X, MSC Income Fund must determine which of its unconsolidated controlled portfolio companies, if any, are considered “significant subsidiaries.” In evaluating its unconsolidated controlled portfolio companies in accordance with Regulation S-X, there are two tests that MSC Income Fund must utilize to determine if any of MSC Income Fund’s Control Investments (as defined in Note A — Organization and Basis of Presentation , including those unconsolidated portfolio companies defined as Control Investments in which MSC Income Fund does not own greater than 50% of the voting securities nor have rights to maintain greater than 50% of the board representation) are considered significant subsidiaries: the investment test and the income test. The investment test is generally measured by dividing MSC Income Fund’s investment in the Control Investment by the value of MSC Income Fund’s total investments. The income test is generally measured by dividing the absolute value of the combined sum of total investment income, net realized gain (loss) and net unrealized appreciation (depreciation) from the relevant Control Investment for the period being tested by the absolute value of MSC Income Fund’s change in net assets resulting from operations for the same period. Rules 3-09 and 4-08(g) of Regulation S-X require MSC Income Fund to include (1) separate audited financial statements of an unconsolidated majority-owned subsidiary (Control Investments in which MSC Income Fund owns greater than 50% of the voting securities) in an annual report and (2) summarized financial information of a Control Investment in a quarterly report, respectively, if certain thresholds of the investment or income tests are exceeded and the unconsolidated portfolio company qualifies as a significant subsidiary. As of March 31, 2024 and December 31, 2023, MSC Income Fund had no single investment that qualified as a significant subsidiary under either the investment or income tests. |
DEBT
DEBT | 3 Months Ended |
Mar. 31, 2024 | |
Debt Disclosure [Abstract] | |
DEBT | DEBT Summary of MSC Income Fund’s debt as of March 31, 2024 is as follows: Outstanding Balance Unamortized Debt Issuance Costs (1) Recorded Value Estimated Fair Value (2) (dollars in thousands) SPV Facility $ 275,688 $ — $ 275,688 $ 275,688 Series A Notes 150,000 (771) 149,229 139,341 Corporate Facility 79,000 — 79,000 79,000 Total Debt $ 504,688 $ (771) $ 503,917 $ 494,029 _________________ (1) The unamortized debt issuance costs for the Credit Facilities are reflected as Deferred financing costs on the Consolidated Balance Sheets, while the deferred debt issuance costs related to the Series A Notes are reflected as a contra-liability to the Series A Notes on the Consolidated Balance Sheets. (2) Estimated fair value for outstanding debt if MSC Income Fund had adopted the fair value option under ASC 825. See discussion of the methods used to estimate the fair value of MSC Income Fund’s debt in Note B.9. — Summary of Significant Accounting Policies — Fair Value of Financial Instruments . Summary of MSC Income Fund’s debt as of December 31, 2023 is as follows: Outstanding Balance Unamortized Debt Issuance Costs (1) Recorded Value Estimated Fair Value (2) (dollars in thousands) SPV Facility $ 203,688 $ — $ 203,688 $ 203,688 Series A Notes 150,000 (845) 149,155 141,531 Corporate Facility 132,000 — 132,000 132,000 Total Debt $ 485,688 $ (845) $ 484,843 $ 477,219 ___________________ (1) The unamortized debt issuance costs for the Credit Facilities are reflected as Deferred financing costs on the Consolidated Balance Sheets, while the deferred debt issuance costs related to the Series A Notes are reflected as a contra-liability to the Series A Notes on the Consolidated Balance Sheets. (2) Estimated fair value for outstanding debt if MSC Income Fund had adopted the fair value option under ASC 825. See discussion of the methods used to estimate the fair value of MSC Income Fund’s debt in Note B.9. — Summary of Significant Accounting Policies — Fair Value of Financial Instruments . Summarized interest expense for the three months ended March 31, 2024 and 2023 is as follows: Three Months Ended March 31, 2024 2023 (dollars in thousands) SPV Facility $ 6,046 $ 4,817 Series A Notes 1,590 1,590 Corporate Facility 1,913 1,927 Total Interest Expense $ 9,549 $ 8,334 Corporate Facility MSC Income Fund is a party to a senior secured revolving credit agreement dated March 6, 2017 (as amended, the “Corporate Facility”) with EverBank (formerly known as TIAA Bank), as administrative agent, and with EverBank and other financial institutions as lenders. As of March 31, 2024, the Corporate Facility included (i) total commitments of $165.0 million, (ii) an accordion feature with the right to request an increase in commitments under the facility from new and existing lenders on the same terms and conditions as the existing commitments up to $200.0 million of total commitments and (iii) a revolving period and maturity date to September 1, 2025 and March 1, 2026, respectively, with two one-year extension options subject to lender approval. Borrowings under the Corporate Facility bear interest, subject to MSC Income Fund’s election, on a per annum basis at a rate equal to (i) SOFR plus 2.50% or (ii) the base rate plus 1.40%. The base rate is defined as the higher of (a) the Prime rate, (b) the Federal Funds Rate (as defined in the credit agreement) plus 0.5% or (c) SOFR plus 1.1%. Additionally, MSC Income Fund pays an annual unused commitment fee of 0.30% per annum on the unused lender commitments if more than 50% or more of the lender commitments are being used and an annual unused commitment fee of 0.625% per annum on the unused lender commitments if less than 50% of the lender commitments are being used. Borrowings under the Corporate Facility are secured by a first lien on all of the assets of MSIF and its subsidiaries, excluding the assets of Structured Subsidiaries or immaterial subsidiaries, as well as all of the assets, and a pledge of equity ownership interests, of any future subsidiaries of MSIF (other than Structured Subsidiaries or immaterial subsidiaries). In connection with the Corporate Facility, MSIF has made customary representations and warranties and is required to comply with various covenants, reporting requirements and other customary requirements for similar credit facilities. Effective April 27, 2023, the reference rate under the Corporate Facility was amended from LIBOR to SOFR plus an applicable credit spread adjustment of 0.10%. As of March 31, 2024, the interest rate on the Corporate Facility was 7.83%. The average interest rate for borrowings under the Corporate Facility was 7.84% and 6.93% per annum for the three months ended March 31, 2024 and 2023, respectively. As of March 31, 2024, MSC Income Fund was in compliance with all financial covenants of the Corporate Facility. SPV Facility MSC Income Fund, through MSIF Funding, LLC (“MSIF Funding”), a wholly-owned Structured Subsidiary that primarily holds debt investments, is party to a senior secured revolving credit facility dated February 3, 2021 (as amended, the “SPV Facility” and, together with the Corporate Facility, the “Credit Facilities”) with JPMorgan Chase Bank, National Association (“JPM”), as administrative agent, and U.S. Bank, N.A., as collateral agent and collateral administrator, JPM and other financial institutions as lenders and MSIF as portfolio manager. In August 2023, the SPV facility was amended to extend the revolving period expiration date from February 3, 2024 to February 3, 2027 and the maturity date from February 3, 2025 to February 3, 2028. Additionally, total commitments were reduced from $325.0 million to $300.0 million. Advances under the SPV Facility bear interest at a per annum rate equal to the three month SOFR in effect, plus the applicable margin of 3.00%. MSIF Funding also pays a commitment fee of 0.75% per annum on the average daily unused amount of the financing commitments until February 2, 2027. As of March 31, 2024, the SPV Facility included total commitments of $300.0 million and an accordion feature, with the right to request an increase of total commitments and borrowing availability up to $450.0 million. The SPV Facility is secured by a collateral loan on the assets of MSIF Funding. In connection with the SPV Facility, MSIF Funding has made customary representations and warranties and is required to comply with various covenants, reporting requirements and other customary requirements for similar credit facilities. As of March 31, 2024, the interest rate on the SPV Facility was 8.33%. The average interest rate for borrowings under the SPV Facility was 8.33% and 7.65% per annum for the three months ended March 31, 2024 and 2023, respectively. As of March 31, 2024, MSIF Funding was in compliance with all financial covenants of the SPV Facility. Series A Notes Pursuant to a Master Note Purchase Agreement dated October 21, 2021 (the “Note Purchase Agreement”), MSC Income Fund issued $77.5 million of 4.04% Series A Senior Notes due 2026 (the “Series A Notes”) upon entering into the Note Purchase Agreement and an additional $72.5 million on January 21, 2022. The Series A Notes bear a fixed interest rate of 4.04% per year and will mature on October 30, 2026, unless redeemed, purchased or prepaid prior to such date by the Company in accordance with their terms. Interest on the Series A Notes is due semiannually on April 30 and October 30 of each year. The Series A Notes may be redeemed in whole or in part at any time or from time to time at MSC Income Fund’s option at par plus accrued interest to the prepayment date and, if applicable, a make-whole premium. In addition, MSC Income Fund is obligated to offer to prepay the Series A Notes at par plus accrued and unpaid interest up to, but excluding, the date of prepayment, if certain change in control events occur. In the event that a Below Investment Grade Event (as defined in the Note Purchase Agreement) occurs, the Series A Notes will bear interest at a fixed rate of 5.04% per year from the date of the occurrence of the Below Investment Grade Event to and until the date on which the Below Investment Grade Event ends. The Series A Notes are general unsecured obligations of MSIF that rank pari passu with all outstanding and future unsecured unsubordinated indebtedness issued by MSIF. The Note Purchase Agreement also contains customary events of default with customary cure and notice periods, including, without limitation, nonpayment, incorrect representation in any material respect, breach of covenant, cross-default under other indebtedness of MSIF or subsidiary guarantors subject to a cure pass-through, certain judgments and orders and certain events of bankruptcy. As of March 31, 2024, MSC Income Fund was in compliance with all financial covenants of the Note Purchase Agreement. |
FINANCIAL HIGHLIGHTS
FINANCIAL HIGHLIGHTS | 3 Months Ended |
Mar. 31, 2024 | |
Investment Company [Abstract] | |
FINANCIAL HIGHLIGHTS | FINANCIAL HIGHLIGHTS The following is a schedule of financial highlights of MSC Income Fund for the three months ended March 31, 2024 and 2023: Three Months Ended March 31, Per Share Data: 2024 2023 NAV at the beginning of the period $ 7.77 $ 7.61 Net investment income (1) 0.18 0.18 Net realized gain (loss) (1)(2) (0.02) 0.04 Net unrealized depreciation (1)(2) (0.02) (0.06) Income tax provision (1)(2) (0.01) (0.01) Net increase in net assets resulting from operations (1) 0.13 0.15 Dividends paid from net investment income (0.19) (0.15) Dividends paid from capital gains — (0.03) Dividends paid or accrued (3) (0.19) (0.18) Other (4) 0.01 0.01 NAV at the end of the period $ 7.72 $ 7.59 Shares outstanding at the end of the period 80,112,588 80,150,887 ________________ (1) Based on weighted-average number of common shares outstanding for the period. (2) Net realized gains or losses, net unrealized appreciation or depreciation, and income tax provision or benefit can fluctuate significantly from period to period. (3) Represents stockholder dividends paid or accrued for the period. (4) Includes the impact of the different share amounts as a result of calculating certain per share data based on the weighted-average basic shares outstanding during the period and certain per share data based on the shares outstanding as of a period end or transaction date. Three Months Ended March 31, 2024 2023 (dollars in thousands) NAV at end of period $ 618,521 $ 608,299 Average NAV $ 620,414 $ 608,982 Average outstanding debt $ 488,688 $ 474,438 Ratios to average NAV: Ratio of total expenses, including income tax provision, to average NAV(1)(2)(3)(5) 3.62 % 2.97 % Ratio of operating expenses to average NAV(2)(3)(5) 3.47 % 2.78 % Ratio of operating expenses, excluding interest expense, to average NAV(2)(3)(5) 1.93 % 1.41 % Ratio of operating expenses, excluding interest expense and incentive fees, to average NAV(2)(3)(5) 1.34 % 0.97 % Ratio of net investment income to average NAV(2)(5) 2.34 % 2.32 % Portfolio turnover ratio(2) 4.72 % 2.34 % Total return based on change in NAV(2)(4)(5) 1.70 % 2.01 % _______________ (1) Total expenses are the sum of operating expenses and net income tax provision or benefit. Net income tax provision or benefit includes the accrual of net deferred tax provision or benefit relating to the net unrealized appreciation or depreciation on portfolio investments held in Taxable Subsidiaries and due to the change in the loss carryforwards, which are non-cash in nature and may vary significantly from period to period. MSC Income Fund is required to include net deferred tax provision or benefit in calculating its total expenses even though these net deferred taxes are not currently payable or receivable. (2) Not annualized. (3) Unless otherwise noted, operating expenses include interest, management fees, incentive fees and general and administrative expenses. (4) Total return is calculated based on the change in NAV per share and stockholder distributions declared per share during the reporting period, divided by the NAV per share at the beginning of the period. The total return does not reflect the sales load from the sale of MSC Income Fund’s common stock. (5) Net of expense waivers of $2.1 million and $1.9 million for the three months ended March 31, 2024 and March 31, 2023, respectively. Excluding these expense waivers, the expense and income ratios are as follows: Three Months Ended March 31, 2024 2023 Ratio of total expenses, including income tax provision, to average NAV(1)(2)(3) 3.97 % 3.29 % Ratio of operating expenses to average NAV(2)(3) 3.81 % 3.10 % Ratio of operating expenses, excluding interest expense, to average NAV(2)(3) 2.27 % 1.73 % Ratio of operating expenses, excluding interest expense and incentive fees, to average NAV(2)(3) 1.69 % 1.28 % Ratio of net investment income to average NAV(2) 2.01 % 2.01 % Total return based on change in NAV(2)(4) 1.36 % 1.70 % ________________ |
DIVIDENDS, DISTRIBUTIONS AND TA
DIVIDENDS, DISTRIBUTIONS AND TAXABLE INCOME | 3 Months Ended |
Mar. 31, 2024 | |
Income Tax Disclosure [Abstract] | |
DIVIDENDS, DISTRIBUTIONS AND TAXABLE INCOME | DIVIDENDS, DISTRIBUTIONS AND TAXABLE INCOME MSC Income Fund currently pays quarterly dividends to its stockholders. Future quarterly dividends, if any, will be determined by its Board of Directors on a quarterly basis. MSC Income Fund paid or accrued dividends to its common stockholders of $14.8 million, or $0.185 per share, during the three months ended March 31, 2024, compared to $14.0 million, or $0.175 per share, during the three months ended March 31, 2023. MSIF has elected to be treated for U.S. federal income tax purposes as a RIC. MSIF’s taxable income includes the taxable income generated by MSIF and certain of its subsidiaries, including the Structured Subsidiaries, which are treated as disregarded entities for tax purposes. As a RIC, MSIF generally will not pay corporate-level U.S. federal income taxes on any net ordinary taxable income or capital gains that MSIF distributes to its stockholders. MSIF must generally distribute at least 90% of its “investment company taxable income” (which is generally its net ordinary taxable income and realized net short-term capital gains in excess of realized net long-term capital losses) and 90% of its tax-exempt income to maintain its RIC status (pass-through tax treatment for amounts distributed). As part of maintaining RIC status, undistributed taxable income (subject to a 4% non-deductible U.S. federal excise tax) pertaining to a given fiscal year may be distributed up to twelve months subsequent to the end of that fiscal year, provided such dividends are declared on or prior to the later of (i) filing of the U.S. federal income tax return for the applicable fiscal year or (ii) the fifteenth day of the ninth month following the close of the year in which such taxable income was generated. The determination of the tax attributes for MSC Income Fund’s distributions is made annually, based upon its taxable income for the full year and distributions paid for the full year. Therefore, a determination made on an interim basis may not be representative of the actual tax attributes of distributions for a full year. Ordinary dividend distributions from a RIC do not qualify for the 20% maximum tax rate (plus a 3.8% Medicare surtax, if applicable) on dividend income from domestic corporations and qualified foreign corporations, except to the extent that the RIC received the income in the form of qualifying dividends from domestic corporations and qualified foreign corporations. The tax attributes for distributions will generally include both ordinary income and qualified dividends, but may also include either one or both of capital gains and return of capital. Listed below is a reconciliation of “Net increase in net assets resulting from operations” to taxable income and to total distributions declared to common stockholders for the three months ended March 31, 2024 and 2023. Three Months Ended March 31, 2024 2023 (estimated, dollars in thousands) Net increase in net assets resulting from operations $ 10,589 $ 12,231 Net unrealized depreciation 1,133 4,139 Income tax provision 940 1,170 Pre-tax book income not consolidated for tax purposes (1,261) (2,011) Book income and tax income differences, including debt origination, structuring fees, dividends, realized gains and changes in estimates 1,481 (3,455) Estimated taxable income (1) 12,882 12,074 Taxable income earned in prior year and carried forward for distribution in current year 14,745 20,674 Taxable income earned prior to period end and carried forward for distribution next period (27,627) (32,748) Dividend accrued as of period end and paid in the following period 14,821 14,026 Taxable income earned to be carried forward (12,806) (18,722) Total distributions accrued or paid to common stockholders $ 14,821 $ 14,026 ________________ (1) MSIF’s taxable income for each period is an estimate and will not be finally determined until MSIF files its tax return for each year. Therefore, the final taxable income, and the taxable income earned in each period and carried forward for distribution in the following period, may be different than this estimate. The Taxable Subsidiaries primarily hold certain equity investments for MSC Income Fund. The Taxable Subsidiaries permit MSC Income Fund to hold equity investments in portfolio companies which are “pass-through” entities for tax purposes and to continue to comply with the “source-of-income” requirements contained in the RIC tax provisions of the Code. The Taxable Subsidiaries are consolidated with MSIF for U.S. GAAP financial reporting purposes, and the portfolio investments held by the Taxable Subsidiaries are included in MSC Income Fund’s consolidated financial statements as portfolio investments and recorded at fair value. The Taxable Subsidiaries are not consolidated with MSIF for income tax purposes and may generate income tax expense, or benefit, and tax assets and liabilities, as a result of their ownership of certain portfolio investments. The taxable income, or loss, of the Taxable Subsidiaries may differ from their book income, or loss, due to temporary book and tax timing differences and permanent differences. The Taxable Subsidiaries are each taxed at corporate income tax rates based on their taxable income. The income tax expense, or benefit, if any, and the related tax assets and liabilities, of the Taxable Subsidiaries are reflected in MSC Income Fund’s consolidated financial statements. The income tax provision for MSC Income Fund is generally composed of (i) deferred tax expense (benefit), which is primarily the result of the net activity relating to the portfolio investments held in the Taxable Subsidiaries, including changes in loss carryforwards, changes in net unrealized appreciation or depreciation and other temporary book tax differences, and (ii) current tax expense, which is primarily the result of current U.S. federal income and state taxes and excise taxes on MSC Income Fund’s estimated undistributed taxable income. The income tax expense, or benefit, and the related tax assets and liabilities generated by the Taxable Subsidiaries, if any, are reflected in MSC Income Fund’s Consolidated Statements of Operations. MSC Income Fund’s provision for income taxes was comprised of the following for the three months ended March 31, 2024 and 2023: Three Months Ended March 31, 2024 2023 (dollars in thousands) Current tax expense: Federal $ 53 $ 22 State 200 170 Excise 76 118 Total current tax expense 329 310 Deferred tax expense (benefit): Federal 656 641 State (45) 219 Total deferred tax expense 611 860 Total income tax provision $ 940 $ 1,170 The net deferred tax liability at March 31, 2024 and December 31, 2023 was $3.9 million and $3.3 million, respectively, with the change primarily related to changes in net unrealized appreciation or depreciation, changes in loss carryforwards and other temporary book-tax differences relating to portfolio investments held by the Taxable Subsidiaries. |
SHARE REPURCHASES
SHARE REPURCHASES | 3 Months Ended |
Mar. 31, 2024 | |
Share-Based Payment Arrangement [Abstract] | |
SHARE REPURCHASES | SHARE REPURCHASES Under the terms of its share repurchase program, MSC Income Fund offers to purchase shares at the NAV per share on the repurchase date. The amount of shares of MSC Income Fund’s common stock to be repurchased during any calendar quarter may be equal to the lesser of (i) the number of shares of common stock MSC Income Fund could repurchase with the proceeds it received from the issuance of common stock under MSC Income Fund’s dividend reinvestment plan or (ii) 2.5% of the weighted-average number of shares of common stock outstanding in the prior four calendar quarters. Repurchase offers are currently limited to the number of shares of common stock MSC Income Fund can repurchase with 90% of the cash retained as a result of issuances of common stock under its dividend reinvestment plan. At the discretion of the Board of Directors, MSC Income Fund may also use cash on hand, cash available from borrowings and cash from the sale of investments as of the end of the applicable period to repurchase shares. MSC Income Fund’s Board of Directors may amend, suspend or terminate the share repurchase program upon 30 days’ notice. In addition to its share repurchase program, beginning in the second quarter of 2023, MSC Income Fund began periodically offering to complete modified Dutch auction tender offers (“Dutch Auction Tenders”), pursuant to which MSC Income Fund offered to purchase up to a specified amount of shares of its common stock at the lowest clearing purchase price elected by participating stockholders within a specified range that allowed MSC Income Fund to purchase the maximum amount offered. In such Dutch Auction Tenders all shares purchased are purchased at the clearing purchase price. SEC rules permit MSC Income Fund to increase the number of shares accepted for purchase in any Dutch Auction Tender by up to 2% of MSC Income Fund’s outstanding shares without amending the offer. MSC Income Fund has no obligation to continue to offer Dutch Auction Tenders in the future. On February 5, 2024, MSC Income Fund commenced a modified “Dutch Auction” tender offer (the “February 2024 Dutch Auction Tender Offer”) pursuant to the Offer to Purchase, dated February 5, 2024, which expired on March 4, 2024. Pursuant to the February 2024 Dutch Auction Tender Offer, MSC Income Fund repurchased 357,143 shares on March 8, 2024 at a price of $7.00 per share for an aggregate cost of $2.5 million, excluding fees and expenses related to the February 2024 Dutch Auction Tender Offer. For each of the three months ended March 31, 2024 and 2023, MSC Income Fund funded $4.0 million for shares of its common stock tendered for repurchase under the share repurchase program. For the three months ended March 31, 2024, MSC Income Fund funded $2.5 million for shares of its common stock tendered for repurchase through its Dutch auction tender offers. |
DIVIDEND REINVESTMENT PLAN
DIVIDEND REINVESTMENT PLAN | 3 Months Ended |
Mar. 31, 2024 | |
Equity [Abstract] | |
DIVIDEND REINVESTMENT PLAN | DIVIDEND REINVESTMENT PLAN MSC Income Fund’s dividend reinvestment plan (the “DRIP”) provides for the reinvestment of dividends on behalf of stockholders. As a result, if MSC Income Fund declares a cash dividend, stockholders who have “opted in” to the DRIP will have their cash dividend automatically reinvested into additional shares of MSC Income Fund common stock. The number of shares of common stock to be issued to a stockholder under the DRIP shall be determined by dividing the total dollar amount of the distribution payable to such stockholder by a price per share of common stock determined by MSC Income Fund’s Board of Directors or a committee thereof, in its sole discretion, that is (i) not less than the NAV per share of common stock determined in good faith by the Board of Directors or a committee thereof, in its sole discretion, within 48 hours prior to the payment of the distribution and (ii) not more than 2.5% greater than the NAV per share as of such date. Summarized DRIP information for the three months ended March 31, 2024 and 2023 is as follows: Three Months Ended March 31, 2024 2023 (dollars in thousands) DRIP participation $ 4,493 $ 4,414 Shares issued for DRIP 564,969 564,377 |
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 3 Months Ended |
Mar. 31, 2024 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS AND CONTINGENCIES | COMMITMENTS AND CONTINGENCIES At March 31, 2024, MSC Income Fund had the following outstanding commitments (in thousands): Investments with equity capital commitments that have not yet funded: Amount Freeport First Lien Loan Fund III LP $ 8,340 HPEP 3, L.P. 1,308 Brightwood Capital Fund III, LP 22 Total Equity Commitments $ 9,670 Investments with commitments to fund revolving loans that have not been fully drawn or term loans with additional commitments not yet funded: Computer Data Source, LLC $ 8,333 CQ fluency, LLC 4,500 Mako Steel, LP 4,057 Insight Borrower Corporation 3,888 BP Loenbro Holdings Inc. 2,569 Garyline, LLC 2,416 SI East, LLC 2,125 Winter Services LLC 1,944 American Health Staffing Group, Inc. 1,667 IG Parent Corporation 1,667 Bluestem Brands, Inc. 1,552 Burning Glass Intermediate Holding Company, Inc. 1,549 AB Centers Acquisition Corporation 1,538 Richardson Sales Solutions 1,439 Jackmont Hospitality, Inc. 1,419 Titan Meter Midco Corp. 1,384 Power System Solutions 1,330 Evergreen North America Acquisitions, LLC 1,253 Bettercloud, Inc. 1,216 Classic H&G Holdco, LLC 1,060 HEADLANDS OP-CO LLC 1,000 IG Investor, LLC 1,000 Mini Melts of America, LLC 983 Invincible Boat Company, LLC. 976 Roof Opco, LLC 972 Bond Brand Loyalty ULC 900 Imaging Business Machines, L.L.C. 890 VVS Holdco, LLC 800 Cody Pools, Inc. 786 Purge Rite, LLC 781 Acumera, Inc. 768 NinjaTrader, LLC 750 SPAU Holdings, LLC 700 Engineering Research & Consulting, LLC 652 NexRev LLC 600 Centre Technologies Holdings, LLC 600 ArborWorks, LLC 530 AVEX Aviation Holdings, LLC 512 Wall Street Prep, Inc. 500 GRT Rubber Technologies LLC 468 Microbe Formulas, LLC 434 Watterson Brands, LLC 433 PTL US Bidco, Inc 427 Channel Partners Intermediateco, LLC 419 CaseWorthy, Inc. 400 Trantech Radiator Topco, LLC 400 Chamberlin Holding LLC 400 Johnson Downie Opco, LLC 400 South Coast Terminals Holdings, LLC 381 Escalent, Inc. 349 Pinnacle TopCo, LLC 345 Gamber-Johnson Holdings, LLC 300 Career Team Holdings, LLC 300 Clad-Rex Steel, LLC 300 Metalforming Holdings, LLC 205 ATS Operating, LLC 200 Mystic Logistics Holdings, LLC 200 Orttech Holdings, LLC 200 Batjer TopCo, LLC 180 ITA Holdings Group, LLC 160 Analytical Systems Keco Holdings, LLC 145 Elgin AcquireCo, LLC 123 Gulf Publishing Holdings, LLC 100 JTI Electrical & Mechanical, LLC 89 AAC Holdings, Inc. 71 Inspire Aesthetics Management, LLC 43 Adams Publishing Group, LLC 4 Interface Security Systems, LLC 1 Total Loan Commitments $ 69,083 Total Commitments $ 78,753 MSC Income Fund will fund its unfunded commitments from the same sources it uses to fund its investment commitments that are funded at the time they are made (which are typically through existing cash and cash equivalents and borrowings under the Credit Facilities). MSC Income Fund follows a process to manage its liquidity and ensure that it has available capital to fund its unfunded commitments as necessary. MSC Income Fund had no unrealized appreciation or depreciation on the outstanding unfunded commitments as of March 31, 2024. MSC Income Fund may, from time to time, be involved in litigation arising out of its operations in the normal course of business or otherwise. Furthermore, third parties may try to impose liability on MSC Income Fund in connection with the activities of its portfolio companies. While the outcome of any current legal proceedings cannot at this time be predicted with certainty, MSC Income Fund does not expect any current matters will materially affect its financial condition or results of operations; however, there can be no assurance whether any pending legal proceedings will have a material adverse effect on MSC Income Fund’s financial condition or results of operations in any future reporting period. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 3 Months Ended |
Mar. 31, 2024 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | RELATED PARTY TRANSACTIONS 1. Advisory Agreements and Conditional Expense Reimbursement Waivers On October 30, 2020, MSC Income Fund entered into the Investment Advisory Agreement with the Adviser, which states that the Adviser will oversee the management of MSC Income Fund’s activities and is responsible for making investment decisions with respect to, and providing day‑to‑day management and administration of, MSC Income Fund’s Investment Portfolio. The Investment Advisory Agreement was most recently re-approved by the Board of Directors, including a majority of members who are not “interested” persons (as defined by the 1940 Act) of MSC Income Fund or the Adviser, on August 10, 2023. Pursuant to the Investment Advisory Agreement, MSC Income Fund pays the Adviser a base management fee and incentive fees as compensation for the services described above. The base management fee is calculated at an annual rate of 1.75% of MSC Income Fund’s average gross assets. The term “gross assets” means total assets of MSC Income Fund as disclosed on MSC Income Fund’s Consolidated Balance Sheets. “Average gross assets” are calculated based on MSC Income Fund’s gross assets at the end of the two most recently completed calendar quarters. The base management fee is payable quarterly in arrears. The base management fee is expensed as incurred. The incentive fee under the Investment Advisory Agreement consists of two parts. The first part, referred to as the subordinated incentive fee on income, is calculated and payable quarterly in arrears based on Pre-Incentive Fee Net Investment Income (as defined below) for the immediately preceding quarter. The subordinated incentive fee on income is equal to 20.0% of MSC Income Fund’s Pre-Incentive Fee Net Investment Income for the immediately preceding quarter, expressed as a quarterly rate of return on adjusted capital at the beginning of the most recently completed calendar quarter, exceeding 1.875% (or 7.5% annualized), subject to a “catch up” feature (as described below). For this purpose, Pre-Incentive Fee Net Investment Income means interest income, dividend income and any other income (including any other fees such as commitment, origination, structuring, diligence and consulting fees or other fees that MSC Income Fund receives from portfolio companies) accrued during the calendar quarter, minus MSC Income Fund’s operating expenses for the quarter (including the management fee, expenses payable under any proposed administration agreement and any interest expense and dividends paid on any issued and outstanding preferred stock, but excluding taxes and the incentive fee). Pre-Incentive Fee Net Investment Income includes, in the case of investments with a deferred interest feature (such as original issue discount debt instruments and PIK interest and zero coupon securities), accrued income that MSC Income Fund has not yet received in cash. Pre-Incentive Fee Net Investment Income does not include any realized capital gains, realized capital losses or unrealized capital appreciation or depreciation. For purposes of this fee, adjusted capital means cumulative gross proceeds generated from sales of MSC Income Fund’s common stock (including proceeds from MSC Income Fund’s DRIP) reduced for non-liquidating distributions, other than distributions of profits, paid to MSC Income Fund’s stockholders and amounts paid for share repurchases pursuant to MSC Income Fund’s share repurchase program. The subordinated incentive fee on income is expensed in the quarter in which it is incurred. The calculation of the subordinated incentive fee on income for each quarter is as follows: • No subordinated incentive fee on income shall be payable to the Adviser in any calendar quarter in which MSC Income Fund’s Pre-Incentive Fee Net Investment Income does not exceed the hurdle rate of 1.875% (or 7.5% annualized) on adjusted capital; • 100% of MSC Income Fund’s Pre-Incentive Fee Net Investment Income, if any, that exceeds the hurdle rate but is less than or equal to 2.34375% in any calendar quarter (9.375% annualized) shall be payable to the Adviser. This portion of the subordinated incentive fee on income is referred to as the “catch up” and is intended to provide the Adviser with an incentive fee of 20.0% on all of MSC Income Fund’s Pre-Incentive Fee Net Investment Income as if the hurdle rate did not apply when the Pre-Incentive Fee Net Investment Income exceeds 2.34375% (9.375% annualized) in any calendar quarter; and • For any quarter in which MSC Income Fund’s Pre-Incentive Fee Net Investment Income exceeds 2.34375% (9.375% annualized), the subordinated incentive fee on income shall equal 20.0% of the amount of MSC Income Fund’s Pre-Incentive Fee Net Investment Income, as the hurdle rate and catch-up will have been achieved. The second part of the incentive fee, referred to as the incentive fee on capital gains, is an incentive fee on realized capital gains earned from the portfolio of MSC Income Fund and is determined and payable in arrears as of the end of each calendar year (or upon termination of the Investment Advisory Agreement). This fee equals 20.0% of MSC Income Fund’s incentive fee capital gains, which equals MSC Income Fund’s realized capital gains on a cumulative basis from inception, calculated as of the end of each calendar year, computed net of all realized capital losses and unrealized capital depreciation on a cumulative basis, less the aggregate amount of any previously paid capital gain incentive fees. At the end of each reporting period, MSC Income Fund estimates the incentive fee on capital gains and accrues the fee based on a hypothetical liquidation of its portfolio. Therefore, the accrual includes both net realized gains and net unrealized gains (the net unrealized difference between the fair value and the par value of its portfolio), if any. The incentive fee accrued pertaining to the unrealized gain is neither earned nor payable to the Adviser until such time it is realized. For the three months ended March 31, 2024 and 2023, MSC Income Fund incurred base management fees of $5.0 million and $4.9 million, respectively. For the three months ended March 31, 2024 and March 31, 2023, MSC Income Fund incurred subordinated incentive fees on income of $3.6 million and $2.7 million, respectively. For each of the three months ended March 31, 2024 and 2023, MSC Income Fund did not incur any capital gains incentive fees. Pursuant to the Investment Advisory Agreement, MSC Income Fund is required to pay or reimburse the Adviser for administrative services expenses, which include all costs and expenses related to MSC Income Fund’s day-to-day administration and management not related to advisory services, whether such administrative services were performed by a third-party service provider or the Adviser or its affiliates (to the extent performed by the Adviser or its affiliates, the “Internal Administrative Services”). Internal Administrative Services include, but are not limited to, the cost of an Adviser’s personnel performing accounting and compliance functions and other administrative services on behalf of MSC Income Fund. The Adviser waived reimbursement of all Internal Administrative Services expenses from October 30, 2020 through December 31, 2021. On January 1, 2022, the Adviser assumed responsibility of certain administrative services that were previously provided for MSC Income Fund by a third-party sub-administrator. After December 31, 2021, the Adviser continued to waive reimbursement of all Internal Administrative Services expenses, except for the cost of the services previously provided by the sub-administrator. For the three months ended March 31, 2024 and 2023, MSC Income Fund incurred Internal Administrative Services expenses before expense waivers of $2.3 million and $2.0 million, respectively. For the three months ended March 31, 2024 and 2023, the Adviser waived the reimbursements of Internal Administrative Services expenses of $2.1 million and $1.9 million, respectively. Waived Internal Administrative Services expenses are permanently waived and are not subject to future reimbursement. 2. Offering Costs In accordance with MSC Income Fund’s previous investment advisory agreement with the previous investment adviser (“HMS Adviser”), MSC Income Fund reimbursed HMS Adviser for any offering costs that were paid on MSC Income Fund’s behalf, which consisted of, among other costs, actual legal, accounting, bona fide out-of-pocket itemized and detailed due diligence costs, printing, filing fees, transfer agent costs, postage, escrow fees, advertising and sales literature and other costs incurred in connection with the offering of MSC Income Fund’s common stock, including through MSC Income Fund’s DRIP. HMS Adviser was responsible for the payment of offering costs to the extent they exceeded 1.5% of the aggregate gross stock offering proceeds. Pursuant to the transaction whereby the Adviser became the investment adviser to MSC Income Fund, HMS Adviser agreed to permanently waive reimbursement of organizational and offering expenses except for $0.6 million which remained payable to HMS Adviser and would be reimbursed as part of future issuances of common stock by MSC Income Fund. For the three months ended March 31, 2023, MSC Income Fund reimbursed HMS Adviser $0.1 million in connection with stock issuances. As of June 30, 2023, MSC Income Fund’s reimbursement obligation to HMS Adviser for organizational and offering expenses was fully repaid. 3. Indemnification The Investment Advisory Agreement provides that the Adviser and its officers, directors, controlling persons and any other person or entity affiliated with it acting as MSC Income Fund’s agent are entitled to indemnification (including reasonable attorneys’ fees and amounts reasonably paid in settlement) for any liability or loss suffered by such indemnitee, and such indemnitee will be held harmless for any loss or liability suffered by MSC Income Fund, if (i) the indemnitee has determined, in good faith, that the course of conduct which caused the loss or liability was in MSC Income Fund’s best interests, (ii) the indemnitee was acting on behalf of or performing services for MSC Income Fund, (iii) the liability or loss suffered was not the result of negligence, willful malfeasance, bad faith or misconduct by the indemnitee or an affiliate thereof acting as MSC Income Fund’s agent and (iv) the indemnification or agreement to hold the indemnitee harmless is only recoverable out of MSC Income Fund’s net assets and not from MSC Income Fund’s stockholders. 4. Co-Investment In the ordinary course of business, MSC Income Fund enters into transactions with other parties that may be considered related party transactions. MSC Income Fund has implemented certain policies and procedures, both written and unwritten, to ensure that it does not engage in any prohibited transactions with any persons affiliated with MSC Income Fund. If such affiliations are found to exist, MSC Income Fund seeks the Board of Directors and/or appropriate Board of Directors committee review and approval for such transactions and otherwise comply with, or seek, orders for exemptive relief from the SEC, as appropriate. MSC Income Fund has received an exemptive order from the SEC permitting co-investments among MSC Income Fund, Main Street and other funds and clients advised by the Adviser in certain negotiated transactions where co-investing would otherwise be prohibited under the 1940 Act. MSC Income Fund has made co-investments, and in the future intends to continue to make co-investments with Main Street and other funds and clients advised by the Adviser, in accordance with the conditions of the order. The order requires, among other things, that the Adviser and Main Street consider whether each such investment opportunity is appropriate for MSC Income Fund, Main Street and the other funds and clients advised by the Adviser, as applicable, and if it is appropriate, to propose an allocation of the investment opportunity between such parties. Because the Adviser is wholly-owned by Main Street and is not managing MSC Income Fund’s investment activities as its sole activity, this may provide the Adviser an incentive to allocate opportunities to other participating funds and clients instead of MSC Income Fund. However, the Adviser has policies and procedures in place to manage this conflict, including oversight by the independent members of the Board of Directors. Additional information regarding the operation of the co-investment program is set forth in the order granting exemptive relief, which may be reviewed on the SEC’s website at www.sec.gov. In addition to the co-investment program described above, MSC Income Fund also co-invests in syndicated deals and other transactions where price is the only negotiated point by MSC Income Fund and its affiliates. 5. Other Related Party Transactions On January 31, 2024, the Company sold 314,070 shares of its common stock to Main Street at $7.96 per share, the price at which the Company issued new shares in connection with reinvestments of the January 31, 2024 dividend pursuant to the DRIP, for total proceeds to the Company of $2.5 million. The issuance and sale were made pursuant to the exemption from registration under Section 4(a)(2) of the Securities Act of 1933, as amended (the Securities Act”), and were unanimously approved by the Board of Directors, including each director who is not an “interested person,” as such term is defined in Section 2(a)(19) of the 1940 Act, of the Company or the Adviser. |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 3 Months Ended |
Mar. 31, 2024 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | SUBSEQUENT EVENTS On May 1, 2024, the Company sold 315,259 shares of its common stock to Main Street at $7.93 per share, the price at which the Company issued new shares in connection with reinvestments of the May 1, 2024 dividend pursuant to the DRIP, for total proceeds to the Company of $2.5 million. The issuance and sale were made pursuant to the exemption from registration under Section 4(a)(2) of the Securities Act and were unanimously approved by the Board of Directors, including each director who is not an “interested person,” as such term is defined in Section 2(a)(19) of the 1940 Act, of the Company or the Adviser. On May 1, 2024, the Company repurchased 536,330 shares of its common stock validly tendered and not withdrawn on the terms set forth in the tender offer statement on Schedule TO and Offer to Purchase filed with the SEC on March 26, 2024. The shares were repurchased at a price of $7.78 per share, which was the Company’s NAV per share as of May 1, 2024, for an aggregate purchase price of $4.2 million (an amount equal to 90% of the proceeds the Company received from the issuance of shares under the Company’s DRIP from the May 1, 2024 dividend payment). On May 13, 2024, the Board of Directors declared a quarterly dividend of $0.18 per share payable August 1, 2024 to stockholders of record as of June 28, 2024. Additionally, the Board of Directors approved a repurchase offer pursuant to the Company’s share repurchase program in an amount equal to 90% of the proceeds resulting from shares issued in lieu of cash distributions from the August 1, 2024 dividend payment. |
Consolidated Schedule of Inve_3
Consolidated Schedule of Investments In and Advances to Affiliates | 3 Months Ended |
Mar. 31, 2024 | |
Investments in and Advances to Affiliates [Abstract] | |
Consolidated Schedule of Investments In and Advances to Affiliates | Company Total Rate Base Rate Spread PIK Rate Type of Investment (1)(10)(11) Geography Amount of Amount of Amount of December 31, Gross Gross March 31, Control Investments Copper Trail Fund Investments LP Interests (CTMH, LP) (9) $ — $ — $ — $ 568 $ — $ — $ 568 GRT Rubber Technologies LLC 11.48% SF+ 6.00% Secured Debt (12) (8) — (1) 35 1,182 1 1 1,182 13.48% SF+ 8.00% Secured Debt (8) — (12) 692 19,944 12 12 19,944 Member Units (8) — — 21 21,890 — — 21,890 Harris Preston Fund Investments LP Interests (2717 MH, L.P.) (8) 10 — 40 6,050 10 10 6,050 Volusion, LLC 10.00% Secured Debt (8) — — 23 900 — — 900 Preferred Member Units (8) — — — — — — — Preferred Member Units (8) — 435 — 3,110 435 435 3,110 Preferred Member Units (8) — — — — — — — Common Stock (8) — — — — — — — Other — — — — — — — Total Control Investments $ 10 $ 422 $ 811 $ 53,644 $ 458 $ 458 $ 53,644 Affiliate Investments Analytical Systems Keco Holdings, LLC 15.38% SF+ 10.00% Secured Debt (12) (8) — — 1 54 — — 54 15.38% SF+ 10.00% Secured Debt (8) — — 44 1,020 5 18 1,007 14.13% Preferred Member Units (8) — — — — — — — Preferred Member Units (8) — 180 — 1,210 180 — 1,390 Warrants (8) — — — — — — — Barfly Ventures, LLC Member Units (5) — 160 — 1,380 160 — 1,540 Batjer TopCo, LLC 10.00% Secured Debt (12) (8) — — 1 — 50 — 50 10.00% Secured Debt (12) (8) — — 1 30 — — 30 10.00% Secured Debt (8) — (1) 31 1,175 1 1 1,175 Preferred Stock (8) — — 39 680 — — 680 Brewer Crane Holdings, LLC 15.48% SF+ 10.00% Secured Debt (9) — — 52 1,374 — 31 1,343 Preferred Member Units (9) — 30 8 1,400 30 — 1,430 Centre Technologies Holdings, LLC 14.48% SF+ 9.00% Secured Debt (12) (8) — — 1 — — — — 14.48% SF+ 9.00% Secured Debt (8) — 66 128 — 5,494 — 5,494 14.48% SF+ 9.00% Secured Debt (8) — (29) 84 4,394 — 4,394 — Preferred Member Units (8) — 280 8 2,760 280 — 3,040 Chamberlin Holding LLC 11.49% SF+ 6.00% Secured Debt (12) (8) — (6) 6 — 6 6 — 13.49% SF+ 8.00% Secured Debt (8) — — 133 3,905 — — 3,905 Member Units (8) — 60 366 7,330 60 — 7,390 Member Units (8) — 35 6 715 35 — 750 Charps, LLC Preferred Member Units (5) — 90 — 3,920 90 — 4,010 Clad-Rex Steel, LLC 12.00% Secured Debt (12) (5) — — — — — — — 12.00% Secured Debt (5) — — 64 2,103 — 3 2,100 Company Total Rate Base Rate Spread PIK Rate Type of Investment (1)(10)(11) Geography Amount of Amount of Amount of December 31, Gross Gross March 31, 10.00% Secured Debt (5) — — 6 251 — 2 249 Member Units (5) — (290) — 1,300 — 290 1,010 Member Units (5) — (45) — 282 — 45 237 Cody Pools, Inc. 12.50% Secured Debt (12) (8) — 2 3 — 236 236 — 12.50% Secured Debt (8) — (2) 223 7,111 2 117 6,996 Preferred Member Units (8) — 430 153 18,120 430 — 18,550 Colonial Electric Company LLC 12.00% Secured Debt (6) — — 1 — — — — 12.00% Secured Debt (6) — 41 173 5,407 53 498 4,962 Preferred Member Units (6) — — — 600 — — 600 Preferred Member Units (6) — 160 24 1,920 160 — 2,080 Compass Systems & Sales, LLC 13.50% Secured Debt (5) — — — — — — — 13.50% Secured Debt (5) — — 153 4,175 7 — 4,182 Preferred Equity (5) — — 15 1,863 — — 1,863 Datacom, LLC 7.50% Secured Debt (8) — — 1 49 25 20 54 10.00% Secured Debt (8) — — 29 844 5 7 842 Preferred Member Units (8) — 10 — 10 10 — 20 Digital Products Holdings LLC 15.38% SF+ 10.00% Secured Debt (5) — — 146 3,673 6 364 3,315 Preferred Member Units (5) — — 13 2,459 — — 2,459 Direct Marketing Solutions, Inc. 14.00% Secured Debt (9) — — 6 217 225 442 — 14.00% Secured Debt (9) — (4) 179 5,002 4 88 4,918 Preferred Stock (9) — (120) — 5,180 — 120 5,060 Flame King Holdings, LLC Preferred Equity (9) — — 170 6,970 — — 6,970 Freeport Financial Funds LP Interests (Freeport First Lien Loan Fund III LP) (12) (5) — — 138 3,705 — — 3,705 Gamber-Johnson Holdings, LLC 10.00% SF+ 7.00% Secured Debt (12) (5) — — — — — — — 10.00% SF+ 7.00% Secured Debt (5) — (17) 353 13,520 17 417 13,120 Member Units (5) — 2,460 372 24,180 2,460 — 26,640 GFG Group, LLC 8.00% Secured Debt (5) — (4) 51 2,336 4 4 2,336 Preferred Member Units (5) — (410) 164 2,870 — 410 2,460 Gulf Publishing Holdings, LLC 14.98% SF+ 9.50% Secured Debt (12) (8) — — — — — — — 12.50% Secured Debt (8) — — 19 571 — — 571 Preferred Equity (8) — (240) — 620 — 240 380 Member Units (8) — — — — — — — HPEP 3, L.P. LP Interests (HPEP 3, L.P.) (12) (8) — — — 4,225 — — 4,225 IG Investor, LLC 13.00% Secured Debt (12) (6) — — 2 (27) 2 — (25) 13.00% Secured Debt (6) — — 319 9,069 17 111 8,975 Common Equity (6) — — — 3,600 — — 3,600 Independent Pet Partners Intermediate Holdings, LLC Common Equity (6) — 80 — 6,320 80 — 6,400 Integral Energy Services 13.09% SF+ 7.50% Secured Debt (8) — 277 595 16,232 312 1,585 14,959 10.00% 10.00% Preferred Equity (8) — — 10 350 10 — 360 Common Stock (8) — 170 13 190 170 — 360 Kickhaefer Manufacturing Company, LLC 12.00% Secured Debt (5) — — 152 4,933 1 — 4,934 9.00% Secured Debt (5) — — 22 951 — 2 949 Preferred Equity (5) — 220 — 2,420 220 — 2,640 Company Total Rate Base Rate Spread PIK Rate Type of Investment (1)(10)(11) Geography Amount of Amount of Amount of December 31, Gross Gross March 31, Member Units (5) — — 8 683 — — 683 MH Corbin Holding LLC 14.00% Secured Debt (5) — — 46 1,256 — 20 1,236 Preferred Member Units (5) — — — 80 — — 80 Preferred Member Units (5) — — — — — — — Mystic Logistics Holdings, LLC 10.00% Secured Debt (12) (6) — — — — — — — 10.00% Secured Debt (6) — 5 36 1,436 — — 1,436 Common Stock (6) — — 248 6,598 — — 6,598 NexRev LLC 10.00% Secured Debt (12) (8) — — — — 400 — 400 10.00% Secured Debt (8) — — 66 2,435 4 — 2,439 Preferred Member Units (8) — 460 26 1,590 460 — 2,050 NuStep, LLC 11.98% SF+ 6.50% Secured Debt (5) — — 28 899 — — 899 12.00% Secured Debt (5) — — 141 4,606 1 — 4,607 Preferred Member Units (5) — 240 — 2,310 240 — 2,550 Preferred Member Units (5) — — — 1,290 — — 1,290 Oneliance, LLC 16.48% SF+ 11.00% Secured Debt (7) — 7 58 1,339 9 21 1,327 Preferred Stock (7) — — — 282 — — 282 Orttech Holdings, LLC 16.48% SF+ 11.00% Secured Debt (12) (5) — — — — — — — 16.48% SF+ 11.00% Secured Debt (5) — (6) 235 5,510 6 26 5,490 Preferred Stock (5) — (170) 15 4,260 — 170 4,090 Pinnacle TopCo, LLC 8.00% Secured Debt (12) (8) — — 2 105 — 59 46 13.00% Secured Debt (8) — — 261 7,472 9 — 7,481 Preferred Equity (8) — — 79 3,135 — — 3,135 Robbins Bros. Jewelry, Inc. 12.50% Secured Debt (9) — — 1 (6) 1 — (5) 12.50% Secured Debt (9) — (669) 123 3,421 4 717 2,708 Preferred Equity (9) — — — — — — — SI East, LLC 11.25% Secured Debt (12) (7) — — 13 375 — — 375 12.45% Secured Debt (7) — (9) 584 18,179 9 9 18,179 Preferred Member Units (7) — — 39 6,390 — — 6,390 Student Resource Center, LLC 8.50% 8.50% Secured Debt (6) — (1,618) — 3,543 — 1,618 1,925 Preferred Equity (6) — — — — — — — Tedder Industries, LLC 12.00% Secured Debt (9) — — 14 432 — — 432 12.00% Secured Debt (9) — (1,580) 115 3,565 — 1,580 1,985 Preferred Member Units (9) — — — — — — — Preferred Member Units (9) — — — — — — — Preferred Member Units (9) — — — — — — — Trantech Radiator Topco, LLC 11.50% Secured Debt (12) (7) — — — — — — — 13.50% Secured Debt (7) — 18 64 1,980 — — 1,980 Common Stock (7) — (280) 7 3,180 — 280 2,900 VVS Holdco LLC 11.48% SF+ 6.00% Secured Debt (12) (5) — — 1 — — — — 11.50% Secured Debt (5) — — 216 6,926 11 — 6,937 Preferred Equity (5) — — 25 3,060 — — 3,060 Company Total Rate Base Rate Spread PIK Rate Type of Investment (1)(10)(11) Geography Amount of Amount of Amount of December 31, Gross Gross March 31, Other — — — — — — — Total Affiliate investments $ — $ (19) $ 6,929 $ 291,279 $ 12,001 $ 13,951 $ 289,329 _________________________ (1) The principal amount, the ownership detail for equity investments and if the investment is income producing is included in the Consolidated Schedule of Investments included in Item 1. Consolidated Financial Statements of this Quarterly Report on Form 10-Q. (2) Represents the total amount of interest, fees and dividends credited to income for the portion of the period for which an investment was included in Control or Affiliate categories, respectively. For investments transferred between Control and Affiliate categories during the period, any income or investment balances related to the time period it was in the category other than the one shown at period end is included in “Amounts related to investments transferred from other 1940 Act classifications during the period.” (3) Gross additions include increases in the cost basis of investments resulting from new portfolio investments, follow-on investments and accrued PIK interest, and the exchange of one or more existing securities for one or more new securities. Gross additions also include net increases in unrealized appreciation or net decreases in net unrealized depreciation as well as the movement of an existing portfolio company into this category and out of a different category. (4) Gross reductions include decreases in the cost basis of investments resulting from principal repayments or sales and the exchange of one or more existing securities for one or more new securities. Gross reductions also include net increases in net unrealized depreciation or net decreases in unrealized appreciation as well as the movement of an existing portfolio company out of this category and into a different category. (5) Portfolio company located in the Midwest region as determined by location of the corporate headquarters. The fair value as of March 31, 2024 for affiliate investments located in this region was $108,671. This represented 17.6% of net assets as of March 31, 2024. (6) Portfolio company located in the Northeast region as determined by location of the corporate headquarters. The fair value as of March 31, 2024 for affiliate investments located in this region was $36,551. This represented 5.9% of net assets as of March 31, 2024. (7) Portfolio company located in the Southeast region as determined by location of the corporate headquarters. The fair value as of March 31, 2024 for affiliate investments located in this region was $31,433. This represented 5.1% of net assets as of March 31, 2024. (8) Portfolio company located in the Southwest region as determined by location of the corporate headquarters. The fair value as of March 31, 2024 for control investments located in this region was $53,076. This represented 8.6% of net assets as of March 31, 2024. The fair value as of March 31, 2024 for affiliate investments located in this region was $87,833. This represented 14.2% of net assets as of March 31, 2024. (9) Portfolio company located in the West region as determined by location of the corporate headquarters. The fair value as of March 31, 2024 for control investments located in this region was $568. This represented 0.1% of net assets as of March 31, 2024. The fair value as of March 31, 2024 for affiliate investments located in this region was $24,841. This represented 4.0% of net assets as of March 31, 2024. (10) All of the Company’s portfolio investments are generally subject to restrictions on resale as “restricted securities,” unless otherwise noted. (11) This schedule should be read in conjunction with the Consolidated Schedule of Investments and Notes to the Consolidated Financial Statements included in Item 1. Consolidated Financial Statements of this Quarterly Report on Form 10-Q. Supplemental information can be located within the Consolidated Schedule of Investments including end of period interest rate, preferred dividend rate, maturity date, investments not paid currently in cash and investments whose value was determined using significant unobservable inputs. (12) Investment has an unfunded commitment as of March 31, 2024 (see Note I). The fair value of the investment includes the impact of the fair value of any unfunded commitments. (13) Negative fair value is the result of the capitalized discount being greater than the principal amount outstanding on the loan. Company Total Rate Base Rate Spread PIK Rate Type of Investment (1)(10)(11) Geography Amount of Amount of Amount of December 31, Gross Gross March 31, Control Investments GRT Rubber Technologies LLC 10.66% L+ 6.00% Secured Debt (12) (8) $ — $ 1 $ 13 $ 330 $ 145 $ — $ 475 12.66% L+ 8.00% Secured Debt (8) — (12) 634 19,943 13 12 19,944 Member Units (8) — — 21 21,890 — — 21,890 Harris Preston Fund Investments LP Interests (2717 MH, L.P.) (8) 631 (675) 141 7,552 1,031 1,574 7,009 Copper Trail Fund Investments LP Interests (CTMH, LP) (9) — — — 588 — — 588 Other — — — — — — — Total Control Investments $ 631 $ (686) $ 809 $ 50,303 $ 1,189 $ 1,586 $ 49,906 Affiliate Investments AFG Capital Group, LLC Preferred Member Units (8) $ — $ — $ — $ 2,350 $ — $ — $ 2,350 ASK (Analytical Systems Keco Holdings, LLC) L+ 10.00% Secured Debt (8) — — 1 (2) — — (2) 14.75% L+ 10.00% Secured Debt (8) — — 47 1,135 5 18 1,122 14.13% Preferred Member Units (8) — — — — — — — Preferred Member Units (8) — 20 — 880 20 — 900 Warrants (8) — — — — — — — ATX Networks Corp. L+ 7.50% Secured Debt (6) — (102) 682 6,368 545 6,913 — 10.00% Unsecured Debt (6) — (276) 1,135 2,614 1,135 3,749 — Common Stock (6) 3,178 (3,290) — 3,290 3,178 6,468 — Barfly Ventures, LLC Member Units (5) — (93) — 1,107 — 94 1,013 Batjer TopCo, LLC Secured Debt (8) — — — (1) — — (1) 11.00% Secured Debt (8) — — 36 1,205 2 50 1,157 Preferred Stock (8) — 225 19 455 225 — 680 Brewer Crane Holdings, LLC 14.66% L+ 10.00% Secured Debt (9) — — 53 1,491 — 31 1,460 Preferred Member Units (9) — (130) 8 1,770 — 130 1,640 Centre Technologies Holdings, LLC L+ 9.00% Secured Debt (12) (8) — — 1 — — — — 13.75% L+ 9.00% Secured Debt (8) — — 130 3,731 2 — 3,733 Preferred Member Units (8) — 150 8 2,170 150 — 2,320 Chamberlin Holding LLC SF+ 6.00% Secured Debt (12) (8) — — 1 — — — — 12.86% SF+ 8.00% Secured Debt (8) — (3) 137 4,236 3 3 4,236 Member Units (8) — (30) 71 5,728 — 28 5,700 Member Units (8) — 30 6 678 30 — 708 Charps, LLC Preferred Member Units (5) — 60 49 3,330 60 — 3,390 Clad-Rex Steel, LLC SF+ 9.00% Secured Debt (12) (5) — — — — — — — 13.79% SF+ 9.00% Secured Debt (5) — — 89 2,620 — 120 2,500 10.00% Secured Debt (5) — — 7 260 — 2 258 Member Units (5) — (270) 13 2,060 — 270 1,790 Member Units (5) — 55 — 152 55 — 207 Cody Pools, Inc. 15.50% L+ 10.50% Secured Debt (12) (8) — 2 11 273 3 80 196 Company Total Rate Base Rate Spread PIK Rate Type of Investment (1)(10)(11) Geography Amount of Amount of Amount of December 31, Gross Gross March 31, 15.50% L+ 10.50% Secured Debt (8) — (7) 268 6,882 7 83 6,806 Preferred Member Units (8) — 240 7 14,550 240 — 14,790 Colonial Electric Company LLC Secured Debt (12) (6) — — — — — — — 12.00% Secured Debt (6) — — 181 5,729 9 79 5,659 Preferred Member Units (6) — (240) (318) 2,290 — 240 2,050 Datacom, LLC 7.50% Secured Debt (8) — — — 25 25 — 50 10.00% Secured Debt (8) — — 30 865 6 7 864 Preferred Member Units (8) — — — 300 — — 300 Digital Products Holdings LLC 14.75% L+ 10.00% Secured Debt (5) — — 144 3,878 5 82 3,801 Preferred Member Units (5) — — 13 2,459 — — 2,459 Direct Marketing Solutions, Inc. Secured Debt (12) (9) — — 1 — — — — 14.00% Secured Debt (9) — (4) 189 5,352 4 84 5,272 Preferred Stock (9) — (130) 43 5,558 — 128 5,430 Flame King Holdings, LLC 11.25% L+ 6.50% Secured Debt (12) (9) — (1) 54 1,900 1 1 1,900 13.75% L+ 9.00% Secured Debt (9) — (8) 188 5,300 8 8 5,300 Preferred Equity (9) — 900 134 4,400 900 — 5,300 Freeport Financial Funds LP Interests (Freeport First Lien Loan Fund III LP) (12) (5) — — 134 5,848 — 536 5,312 Gamber-Johnson Holdings, LLC SF+ 8.50% Secured Debt (12) (5) — — — — — — — 11.50% SF+ 8.50% Secured Debt (5) — (17) 474 16,020 17 217 15,820 Member Units (5) — 2,117 393 12,720 2,120 — 14,840 GFG Group, LLC. 9.00% Secured Debt (5) — (4) 68 2,836 4 4 2,836 Preferred Member Units (5) — 110 10 1,790 110 — 1,900 Gulf Publishing Holdings, LLC L+ 9.50% Secured Debt (12) (8) — — — — — — — 12.50% Secured Debt (8) — — 19 571 — — 571 Preferred Equity (8) — — — 950 — — 950 Member Units (8) — — — — — — — HPEP 3, L.P. LP Interests (HPEP 3, L.P.) (8) — 113 — 4,331 113 508 3,936 Kickhaefer Manufacturing Company, LLC 12.00% Secured Debt (5) — — 199 5,093 53 — 5,146 9.00% Secured Debt (5) — — 22 961 — 3 958 Preferred Equity (5) — — — 1,800 — — 1,800 Member Units (5) — (18) 7 713 — 18 695 Market Force Information, LLC 12.00% 12.00% Secured Debt (9) — (403) — 403 — 403 — Member Units (9) — — — — — — — MH Corbin Holding LLC 13.00% Secured Debt (5) — 238 49 1,137 238 29 1,346 Preferred Member Units (5) — — — — — — — Preferred Member Units (5) — — — — — — — Mystic Logistics Holdings, LLC Secured Debt (12) (6) — — — — — — — 10.00% Secured Debt (6) — — 36 1,436 — — 1,436 Common Stock (6) — 545 248 5,708 545 — 6,253 NexRev LLC Secured Debt (8) — — — — — — — 11.00% Secured Debt (8) — 249 81 2,119 255 157 2,217 Preferred Member Units (8) — 470 33 280 470 — 750 Company Total Rate Base Rate Spread PIK Rate Type of Investment (1)(10)(11) Geography Amount of Amount of Amount of December 31, Gross Gross March 31, NuStep, LLC 11.25% L+ 6.50% Secured Debt (5) — — 31 1,100 — — 1,100 12.00% Secured Debt (5) — — 139 4,603 1 — 4,604 Preferred Member Units (5) — (100) — 2,010 — 100 1,910 Preferred Member Units (5) — — — 1,290 — — 1,290 Oneliance, LLC 15.75% L+ 11.00% Secured Debt (7) — — 56 1,380 2 21 1,361 Preferred Stock (7) — — — 264 — — 264 Orttech Holdings, LLC L+ 11.00% Secured Debt (12) (5) — — — (2) — — (2) 15.75% L+ 11.00% Secured Debt (5) — — 236 5,814 9 200 5,623 Preferred Stock (5) — 430 67 2,940 430 — 3,370 Robbins Bros. Jewelry, Inc. Secured Debt (12) (9) — — 1 (8) 1 — (7) 12.50% Secured Debt (9) — — 127 3,902 4 24 3,882 Preferred Equity (9) — (550) — 1,650 — 550 1,100 SI East, LLC Secured Debt (12) (7) — — 2 — — — — 9.50% Secured Debt (7) — (55) 755 29,929 55 1,805 28,179 Preferred Member Units (7) — — 114 4,550 — — 4,550 Sonic Systems International, LLC 12.26% L+ 7.50% Secured Debt (8) — (19) 583 18,425 19 19 18,425 Common Stock (8) — (60) 13 1,490 — 60 1,430 Student Resource Center, LLC 13.69% L+ 8.50% Secured Debt (6) — — 118 5,063 — — 5,063 Preferred Equity (6) — — — — — — — Tedder Industries, LLC 12.00% Secured Debt (9) — — 14 460 — — 460 12.00% Secured Debt (9) — — 115 3,780 1 — 3,781 Preferred Member Units (9) — (202) — 1,920 — 202 1,718 Preferred Member Units (9) — 28 — — 83 — 83 Trantech Radiator Topco, LLC Secured Debt (12) (7) — (1) 1 — 1 1 — 12.00% Secured Debt (7) — (3) 63 1,980 3 3 1,980 Common Stock (7) — 380 7 1,950 380 — 2,330 Volusion, LLC 10.00% Secured Debt (8) — — — — 900 — 900 Secured Debt (8) (1,366) 780 71 6,392 — 6,392 — Unsecured Convertible Debt (8) (175) 175 — — 175 175 — Preferred Member Units (8) — — — — — — — Preferred Member Units (8) — — — — 4,906 — 4,906 Preferred Member Units (8) — — — — — — — Common Stock (8) — (1,104) — — 1,104 1,104 — Warrants (8) — 1,104 — — — — — VVS Holdco, LLC L+ 6.00% Secured Debt (12) (5) — — 2 (5) 1 1 (5) 11.50% Secured Debt (5) — — 230 7,421 11 — 7,432 Preferred Equity (5) — 20 9 2,990 20 — 3,010 Other — — (71) (6,392) (175) (6,567) — Total Affiliate investments $ 1,637 $ 1,321 $ 7,894 $ 277,000 $ 18,474 $ 24,633 $ 270,841 ___________________________________________________ (1) The principal amount, the ownership detail for equity investments and if the investment is income producing is included in the Consolidated Schedule of Investments included in Item 1. Consolidated Financial Statements of this Quarterly Report on Form 10-Q. (2) Represents the total amount of interest, fees and dividends credited to income for the portion of the period for which an investment was included in Control or Affiliate categories, respectively. For investments transferred between Control and Affiliate categories during the period, any income or investment balances related to the time period it was in the category other than the one shown at period end is included in “Amounts related to investments transferred from other 1940 Act classifications during the period.” (3) Gross additions include increases in the cost basis of investments resulting from new portfolio investments, follow-on investments and accrued PIK interest, and the exchange of one or more existing securities for one or more new securities. Gross additions also include net increases in unrealized appreciation or net decreases in net unrealized depreciation as well as the movement of an existing portfolio company into this category and out of a different category. (4) Gross reductions include decreases in the cost basis of investments resulting from principal repayments or sales and the exchange of one or more existing securities for one or more new securities. Gross reductions also include net increases in net unrealized depreciation or net decreases in unrealized appreciation as well as the movement of an existing portfolio company out of this category and into a different category. (5) Portfolio company located in the Midwest region as determined by location of the corporate headquarters. The fair value as of March 31, 2023 for affiliate investments located in this region was $94,403. This represented 15.5% of net assets as of March 31, 2023. (6) Portfolio company located in the Northeast region as determined by location of the corporate headquarters. The fair value as of March 31, 2023 for affiliate investments located in this region was $20,461. This represented 3.4% of net assets as of March 31, 2023. (7) Portfolio company located in the Southeast region as determined by location of the corporate headquarters. The fair value as of March 31, 2023 for affiliate investments located in this region was $38,664. This represented 6.4% of net assets as of March 31, 2023. (8) Portfolio company located in the Southwest region as determined by location of the corporate headquarters. The fair value as of March 31, 2023 for control investments located in this region was $49,318. This represented 8.1% of net assets as of March 31, 2023. The fair value as of March 31, 2023 for affiliate investments located in this region was $79,994. This represented 13.2% of net assets as of March 31, 2023. (9) Portfolio company located in the West region as determined by location of the corporate headquarters. The fair value as of March 31, 2023 for control investments located in this region was $588. This represented 0.1% of net assets as of March 31, 2023. The fair value as of March 31, 2023 for affiliate investments located in this region was $37,319. This represented 6.1% of net assets as of March 31, 2023. (10) All of the Company’s portfolio investments are generally subject to restrictions on resale as “restricted securities,” unless otherwise noted. (11) This schedule should be read in conjunction with the Consolidated Schedule of Investments and Notes to the Consolidated Financial Statements included in Item 1. Consolidated Financial Statements of this Quarterly Report on Form 10-Q. Supplemental information can be located within the Consolidated Schedule of Investments including end of period interest rate, preferred dividend rate, maturity date, investments not paid currently in cash and investments whose value was determined using significant unobservable inputs. (12) Investment has an unfunded commitment as of March 31, 2023 (see Note I). The fair value of the investment includes the impact of the fair value of any unfunded commitments. (13) Negative fair value is the result of the capitalized discount being greater than the principal amount outstanding on the loan. |
Pay vs Performance Disclosure
Pay vs Performance Disclosure - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Pay vs Performance Disclosure | ||
Net increase in net assets resulting from operations | $ 10,589 | $ 12,231 |
Insider Trading Arrangements
Insider Trading Arrangements | 3 Months Ended |
Mar. 31, 2024 | |
Trading Arrangements, by Individual | |
Rule 10b5-1 Arrangement Adopted | false |
Non-Rule 10b5-1 Arrangement Adopted | false |
Rule 10b5-1 Arrangement Terminated | false |
Non-Rule 10b5-1 Arrangement Terminated | false |
N-2
N-2 - $ / shares | 3 Months Ended | |||
Mar. 31, 2024 | Dec. 31, 2023 | Mar. 31, 2023 | Dec. 31, 2022 | |
Cover [Abstract] | ||||
Entity Central Index Key | 0001535778 | |||
Amendment Flag | false | |||
Securities Act File Number | 814-00939 | |||
Document Type | 10-Q | |||
Entity Registrant Name | MSC Income Fund, Inc | |||
Entity Address, Address Line One | 1300 Post Oak Boulevard | |||
Entity Address, Address Line Two | 8th Floor | |||
Entity Address, City or Town | Houston | |||
Entity Address, State or Province | TX | |||
Entity Address, Postal Zip Code | 77056 | |||
City Area Code | (713 | |||
Local Phone Number | 350-6000 | |||
Entity Emerging Growth Company | false | |||
General Description of Registrant [Abstract] | ||||
Investment Objectives and Practices [Text Block] | OVERVIEW OF OUR BUSINESS Our principal investment objective is to maximize our portfolio’s total return by generating current income from our debt investments and current income and capital appreciation from our equity and equity-related investments, including warrants, convertible securities and other rights to acquire equity securities in a portfolio company. We seek to achieve our investment objective through our Private Loan (as defined below), LMM and Middle Market investment strategies. Our private loan (“Private Loan”) investment strategy involves investments in companies that are generally consistent with the size of the companies in our LMM and Middle Market investment strategies. Our LMM investment strategy involves investments in companies that generally have annual revenues between $10 million and $150 million. Our Middle Market investment strategy involves investments in companies that are generally larger in size than our LMM companies, with annual revenues typically between $150 million and $1.5 billion. Our Private Loan, LMM and Middle Market investments generally range in size from $1 million to $30 million. Private Loan investments primarily consist of debt securities that have primarily been originated directly by our Adviser or, to a lesser extent, through our Adviser’s strategic relationships with other investment funds on a collaborative basis through investments that are often referred to in the debt markets as “club deals” because of the small lender group size. Our Private Loan investments are typically made to support a company owned by or in the process of being acquired by a private equity sponsor. Private Loan investments are typically similar in size, structure, terms and conditions to investments we hold in our LMM portfolio and Middle Market portfolio. Our Private Loan portfolio debt investments are generally secured by a first priority lien on the assets of the portfolio company and typically have a term of between three and seven years from the original investment date. We may also co-invest with Main Street and the private equity sponsors in the equity securities of our Private Loan portfolio companies. We seek to fill the financing gap for LMM businesses, which, historically, have had limited access to financing from commercial banks and other traditional sources. The underserved nature of the LMM creates the opportunity for us to meet the financing needs of LMM companies while also negotiating favorable transaction terms and equity participation. Our ability to invest across a company’s capital structure, from secured loans to equity securities, allows us to offer portfolio companies a comprehensive suite of financing options, or a “one-stop” financing solution. Providing customized, “one-stop” financing solutions is important to LMM portfolio companies. We generally seek to partner directly with entrepreneurs, management teams and business owners in making our investments. Our LMM portfolio debt investments are generally secured by a first lien on the assets of the portfolio company and typically have a term of between five and seven years from the original investment date. Our Middle Market portfolio investments primarily consist of direct investments in or secondary purchases of debt securities in privately held companies based in the United States that are generally larger in size than the companies included in our LMM portfolio and that were issued through a syndicated process. Our Middle Market portfolio debt investments are generally secured by a first priority lien on the assets of the portfolio company and typically have an expected duration of between three and seven years from the original investment date. Over the last few years, we have been de-emphasizing this strategy and expect to continue to do so in the future. Our other portfolio (“Other Portfolio”) investments primarily consist of investments that are not consistent with the typical profiles for our Private Loan, LMM or Middle Market portfolio investments, including investments which may be managed by third parties. In our Other Portfolio, we may incur indirect fees and expenses in connection with investments managed by third parties, such as investments in other investment companies or private funds. Our portfolio investments are generally made through MSIF, the Taxable Subsidiaries and the Structured Subsidiaries. MSIF, the Taxable Subsidiaries and the Structured Subsidiaries share the same investment strategies and criteria. An investor’s return in MSIF will depend, in part, on the Taxable Subsidiaries’ and the Structured Subsidiaries’ investment returns as they are wholly-owned subsidiaries of MSIF. The level of new portfolio investment activity will fluctuate from period to period based upon our view of the current economic fundamentals, our ability to identify new investment opportunities that meet our investment criteria, our ability to consummate the identified opportunities and our available liquidity. The level of new investment activity, and associated interest and fee income, will directly impact future investment income. In addition, the level of dividends paid by portfolio companies and the portion of our portfolio debt investments on non-accrual status will directly impact future investment income. While we intend to grow our portfolio and our investment income over the long term, our growth and our operating results may be more limited during depressed economic periods. However, we intend to appropriately manage our cost structure and liquidity position based on applicable economic conditions and our investment outlook. The level of realized gains or losses and unrealized appreciation or depreciation on our investments will also fluctuate depending upon portfolio activity, economic conditions and the performance of our individual portfolio companies. The changes in realized gains and losses and unrealized appreciation or depreciation could have a material impact on our operating results. We have received an exemptive order from the SEC permitting co-investments among us, Main Street and other funds and clients advised by our Adviser in certain negotiated transactions where co-investing would otherwise be prohibited under the 1940 Act. We have made co-investments with, and in the future intend to continue to make co-investments with Main Street and other funds and clients advised by our Adviser, in accordance with the conditions of the order. The order requires, among other things, that we and our Adviser consider whether each such investment opportunity is appropriate for us, Main Street and the other funds and clients advised by our Adviser, as applicable, and if it is appropriate, to propose an allocation of the investment opportunity between such parties. Because our Adviser is wholly-owned by Main Street and is not managing our investment activities as its sole activity, this may provide our Adviser an incentive to allocate opportunities to Main Street, other participating funds and other clients instead of us. However, our Adviser has policies and procedures in place to manage this conflict, including oversight by the independent members of our Board of Directors. In addition to the co-investment program described above, we also co-invest in syndicated deals and other transactions where price is the only negotiated point by us and our affiliates. | |||
Risk Factors [Table Text Block] | Risk Factors You should carefully consider the risks described below and all other information contained in this Quarterly Report on Form 10-Q, including our interim consolidated financial statements and the related notes thereto, before making a decision to purchase our securities. The risks and uncertainties described below are not the only ones facing us. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may have a material adverse effect on our business, financial condition and/or operating results, as well as the market price of our securities. In addition to the other information set forth in this report, you should carefully consider the risk factors described in Item 1A. Risk Factors in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023 that we filed with the SEC on March 8, 2024, which could materially affect our business, financial condition and/or operating results. There are no material changes to the risk factors as previously disclosed in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023. | |||
NAV Per Share | $ 7.72 | $ 7.77 | $ 7.59 | $ 7.61 |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 3 Months Ended |
Mar. 31, 2024 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation MSC Income Fund’s consolidated financial statements are prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”). The Company is an investment company following accounting and reporting guidance in Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 946, Financial Services—Investment Companies (“ASC 946”). For each of the periods presented herein, MSC Income Fund’s consolidated financial statements include the accounts of MSIF and its consolidated subsidiaries. The “Investment Portfolio,” as used herein, refers to all of MSC Income Fund’s investments in Private Loan portfolio companies, investments in LMM portfolio companies, investments in Middle Market portfolio companies and Other Portfolio investments (see Note C — Fair Value Hierarchy for Investments — Portfolio Composition — Investment Portfolio Composition for additional discussion of MSC Income Fund’s Investment Portfolio and definitions for the defined terms Private Loan and Other Portfolio). MSC Income Fund’s results of operations for the three months ended March 31, 2024 and 2023, cash flows for the three months ended March 31, 2024 and 2023, and financial position as of March 31, 2024 and December 31, 2023, are presented on a consolidated basis. The effects of all intercompany transactions between MSIF and its consolidated subsidiaries have been eliminated in consolidation. The accompanying unaudited consolidated financial statements of MSC Income Fund are presented in conformity with U.S. GAAP for interim financial information and pursuant to the requirements for reporting on Form 10-Q and Articles 6, 10 and 12 of Regulation S-X. Accordingly, certain disclosures accompanying annual consolidated financial statements prepared in accordance with U.S. GAAP are omitted. The unaudited consolidated financial statements and notes should be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended December 31, 2023. In the opinion of management, the unaudited consolidated financial results included herein contain all adjustments, consisting solely of normal recurring accruals, considered necessary for the fair presentation of financial statements for the interim periods included herein. The results of operations for the three months ended March 31, 2024 are not necessarily indicative of the operating results to be expected for the full year. Financial statements prepared on a U.S. GAAP basis require management to make estimates and assumptions that affect the amounts and disclosures reported in the consolidated financial statements and accompanying notes. Such estimates and assumptions could change in the future as more information becomes known, which could impact the amounts reported and disclosed herein. |
Principles of Consolidation | Principles of Consolidation Under ASC 946, MSC Income Fund is precluded from consolidating other entities in which MSC Income Fund has equity investments, including those in which it has a controlling interest, unless the other entity is another investment company. An exception to this general principle in ASC 946 occurs if MSC Income Fund holds a controlling interest in an operating company that provides all or substantially all of its services directly to MSC Income Fund. Accordingly, as noted above, MSC Income Fund’s consolidated financial statements include the financial position and operating results for the Taxable Subsidiaries and the Structured Subsidiaries. MSC Income Fund has determined that none of its portfolio investments qualify for this exception. Therefore, MSC Income Fund’s Investment Portfolio is carried on the Consolidated Balance Sheets at fair value, as discussed further in Note B.1. — Summary of Significant Accounting Policies — Valuation of the Investment Portfolio , with any adjustments to fair value recognized as “Net Unrealized Appreciation (Depreciation)” until the investment is realized, usually upon exit, resulting in any gain or loss being recognized as a “Net Realized Gain (Loss),” in both cases on the Consolidated Statements of Operations. |
Portfolio Investment Classification and Valuation of the Investment Portfolio | Portfolio Investment Classification MSC Income Fund classifies its Investment Portfolio in accordance with the requirements of the 1940 Act. Under the 1940 Act, (a) “Control Investments” are defined as investments in which MSC Income Fund owns more than 25% of the voting securities or has rights to maintain greater than 50% of the board representation, (b) “Affiliate Investments” are defined as investments in which MSC Income Fund owns between 5% and 25% (inclusive) of the voting securities and does not have rights to maintain greater than 50% of the board representation and (c) “Non-Control/Non-Affiliate Investments” are defined as investments that are neither Control Investments nor Affiliate Investments. For purposes of determining the classification of its Investment Portfolio, MSC Income Fund has excluded consideration of any voting securities or board appointment rights held by Main Street and third-party investment funds advised by the Adviser. Valuation of the Investment Portfolio MSC Income Fund accounts for its Investment Portfolio at fair value. As a result, MSC Income Fund follows the provisions of ASC 820, Fair Value Measurements and Disclosures (“ASC 820”). ASC 820 defines fair value, establishes a framework for measuring fair value, establishes a fair value hierarchy based on the quality of inputs used to measure fair value and enhances disclosure requirements for fair value measurements. ASC 820 requires MSC Income Fund to assume that the portfolio investment is to be sold in the principal market to independent market participants, which may be a hypothetical market. Market participants are defined as buyers and sellers in the principal market that are independent, knowledgeable and willing and able to transact. MSC Income Fund’s portfolio strategy calls for it to invest primarily in debt securities issued by Middle Market companies and illiquid debt and equity securities issued by privately held, LMM companies. The Middle Market companies in which MSC Income Fund invests are generally larger in size than the LMM companies and their debt securities can be more liquid than the debt securities issued by LMM companies. MSC Income Fund categorizes some of its investments in Middle Market companies and LMM companies as Private Loan portfolio investments, which are primarily debt securities in privately held companies that have primarily been originated directly by its Adviser or, to a lesser extent, through its Adviser’s strategic relationships with other investment funds on a collaborative basis through investments that are often referred to in the debt markets as “club deals” because of the small lender group size. In both cases, MSC Income Fund’s Private Loan investments are typically made to support a company owned by or in the process of being acquired by a private equity sponsor. Private Loan investments are made in companies that are generally consistent with the size of companies MSC Income Fund invests in through its Middle Market portfolio and LMM portfolio. MSC Income Fund’s portfolio also includes Other Portfolio investments which primarily consist of investments that are not consistent with the typical profiles for its Private Loan, LMM or Middle Market portfolio investments, including investments which may be managed by third parties. MSC Income Fund’s portfolio investments may be subject to restrictions on resale. Private Loan investments may include investments which have no established market or have established markets that are not active, while LMM investments and Other Portfolio investments generally have no established trading market. Middle Market portfolio investments generally have established markets that are not active. MSC Income Fund determines in good faith the fair value of its Investment Portfolio pursuant to a valuation policy in accordance with ASC 820, with such valuation process approved by its Board of Directors and in accordance with the 1940 Act. MSC Income Fund’s valuation policies and processes are intended to provide a consistent basis for determining the fair value of MSC Income Fund’s Investment Portfolio. For Private Loan and Middle Market portfolio investments in debt securities for which it has determined that third-party quotes or other independent pricing are not available or appropriate, MSC Income Fund generally estimates the fair value based on the assumptions that it believes hypothetical market participants would use to value the investment in a current hypothetical sale using the yield-to-maturity model (“Yield-to-Maturity”) valuation method. For LMM portfolio investments, MSC Income Fund generally reviews external events, including private mergers, sales and acquisitions involving comparable companies, and includes these events in the valuation process by using an enterprise value waterfall methodology (“Waterfall”) for its LMM equity investments and an income approach using a Yield-to-Maturity valuation method for its LMM debt investments. For Middle Market portfolio investments in debt securities for which it has determined that third-party quotes or other independent prices are available, MSC Income Fund primarily uses quoted prices in the valuation process. MSC Income Fund determines the appropriateness of the use of third-party broker quotes, if any, in determining fair value based on its understanding of the level of actual transactions used by the broker to develop the quote and whether the quote was an indicative price or binding offer, the depth and consistency of broker quotes and the correlation of changes in broker quotes with underlying performance of the portfolio company and other market indices. For its Other Portfolio equity investments, MSC Income Fund generally calculates the fair value of the investment primarily based on the net asset value (“NAV”) of the fund and adjusts the fair value for other factors deemed relevant that would affect the fair value of the investment. All of the valuation approaches for MSC Income Fund’s portfolio investments estimate the value of the investment as if MSC Income Fund was to sell, or exit, the investment as of the measurement date. These valuation approaches consider the value associated with MSC Income Fund’s ability to control the capital structure of the portfolio company, as well as the timing of a potential exit. For valuation purposes, “control” portfolio investments are composed of debt and equity securities in companies for which MSC Income Fund has a controlling interest in the equity ownership of the portfolio company or the ability to nominate a majority of the portfolio company’s board of directors. For valuation purposes, “non-control” portfolio investments are generally composed of debt and equity securities in companies for which MSC Income Fund does not have a controlling interest in the equity ownership of the portfolio company or the ability to nominate a majority of the portfolio company’s board of directors. Under the Waterfall valuation method, MSC Income Fund estimates the enterprise value of a portfolio company using a combination of market and income approaches or other appropriate valuation methods, such as considering recent transactions in the equity securities of the portfolio company or third-party valuations of the portfolio company, and then performs a Waterfall calculation by allocating the enterprise value over the portfolio company’s securities in order of their preference relative to one another. The enterprise value is the fair value at which an enterprise could be sold in a transaction between two willing parties, other than through a forced or liquidation sale. Typically, privately held companies are bought and sold based on multiples of earnings before interest, taxes, depreciation and amortization (“EBITDA”), cash flows, net income, revenues, or in limited cases, book value. There is no single methodology for estimating enterprise value. For any one portfolio company, enterprise value is generally described as a range of values from which a single estimate of enterprise value is derived. In estimating the enterprise value of a portfolio company, MSC Income Fund analyzes various factors including the portfolio company’s historical and projected financial results. Due to SEC deadlines for MSC Income Fund’s quarterly and annual financial reporting, the operating results of a portfolio company used in the current period valuation are generally the results from the period ended three months prior to such valuation date and may include unaudited, projected, budgeted or pro forma financial information and may require adjustments for non-recurring items or to normalize the operating results that may require significant judgment in determining. In addition, projecting future financial results requires significant judgment regarding future growth assumptions. In evaluating the operating results, MSC Income Fund also analyzes the impact of exposure to litigation, loss of customers or other contingencies. After determining the appropriate enterprise value, MSC Income Fund allocates the enterprise value to investments in order of the legal priority of the various components of the portfolio company’s capital structure. In applying the Waterfall valuation method, MSC Income Fund assumes the loans are paid-off at the principal amount in a change in control transaction and are not assumed by the buyer, which MSC Income Fund believes is consistent with its past transaction history and standard industry practices. Under the Yield-to-Maturity valuation method, MSC Income Fund also uses the income approach to determine the fair value of debt securities based on projections of the discounted future free cash flows that the debt security will likely generate, including analyzing the discounted cash flows of interest and principal amounts for the debt security, as set forth in the associated loan agreements, as well as the financial position and credit risk of the portfolio company. MSC Income Fund’s estimate of the expected repayment date of its debt securities is generally the maturity date of the instrument, as MSC Income Fund generally intends to hold its loans and debt securities to maturity. The Yield-to-Maturity analysis also considers changes in leverage levels, credit quality, portfolio company performance, changes in market-based interest rates and other factors. MSC Income Fund will generally use the value determined by the Yield-to-Maturity analysis as the fair value for that security; however, because of MSC Income Fund’s general intent to hold its loans to maturity, the fair value will not exceed the principal amount of the debt security valued using the Yield-to-Maturity valuation method. A change in the assumptions that MSC Income Fund uses to estimate the fair value of its debt securities using the Yield-to-Maturity valuation method could have a material impact on the determination of fair value. If there is deterioration in credit quality or if a debt security is in workout status, MSC Income Fund may consider other factors in determining the fair value of the debt security, including the value attributable to the debt security from the enterprise value of the portfolio company or the proceeds that would most likely be received in a liquidation analysis. Under the NAV valuation method, for an investment in an investment fund that does not have a readily determinable fair value, MSC Income Fund measures the fair value of the investment predominately based on the NAV of the investment fund as of the measurement date and adjusts the investment’s fair value for factors known to MSC Income Fund that would affect that fund’s NAV, including, but not limited to, fair values for individual investments held by the fund if MSC Income Fund holds the same investment or for a publicly traded investment. In addition, in determining the fair value of the investment, MSC Income Fund considers whether adjustments to the NAV are necessary in certain circumstances, based on the analysis of any restrictions on redemption of MSC Income Fund’s investment as of the measurement date, recent actual sales or redemptions of interests in the investment fund, and expected future cash flows available to equity holders, including the rate of return on those cash flows compared to an implied market return on equity required by market participants, or other uncertainties surrounding MSC Income Fund’s ability to realize the full NAV of its interests in the investment fund. Pursuant to its internal valuation process and the requirements under the 1940 Act, MSC Income Fund performs valuation procedures on each of its portfolio investments quarterly. In addition to its internal valuation process, in arriving at estimates of fair value for its investments in its Private Loan portfolio companies, MSC Income Fund, among other things, consults with a nationally recognized independent financial advisory services firm (the “Financial Advisory Firm”). The Financial Advisory Firm analyzes and provides observations and recommendations and an assurance certification regarding MSC Income Fund’s determinations of the fair value of its Private Loan portfolio company investments. The Financial Advisory Firm is generally consulted relative to MSC Income Fund’s investments in each Private Loan portfolio company at least once every calendar year, and for MSC Income Fund’s investments in new Private Loan portfolio companies, at least once in the twelve-month period subsequent to the initial investment. In certain instances, MSC Income Fund may determine that it is not cost-effective, and as a result is not in its stockholders’ best interest, to consult with the Financial Advisory Firm on its investments in one or more Private Loan portfolio companies. Such instances include, but are not limited to, situations where the fair value of MSC Income Fund’s investment in a Private Loan portfolio company is determined to be insignificant relative to the total Investment Portfolio. MSC Income Fund consulted with and received an assurance certification from the Financial Advisory Firm in arriving at its determination of fair value for its investments in a total of 14 Private Loan portfolio companies during each of the three months ended March 31, 2024 and 2023, representing 21% and 24% of the total Private Loan portfolio at fair value as of March 31, 2024 and 2023, respectively. A total of 55 Private Loan portfolio companies were reviewed and certified by the Financial Advisory Firm during the trailing twelve months ended March 31, 2024, representing 78% of the total Private Loan portfolio at fair value as of March 31, 2024. Excluding its investments in Private Loan portfolio companies that, as of March 31, 2024, had not been in the Investment Portfolio for at least twelve months subsequent to the initial investment and its investments in Private Loan portfolio companies that were not reviewed because the investment is valued based upon third-party quotes or other independent pricing, 91% of the Private Loan portfolio at fair value was reviewed and certified by the Financial Advisory Firm during the trailing twelve months ended March 31, 2024. For valuation purposes, all of MSC Income Fund’s Private Loan portfolio investments are non-control investments. For Private Loan portfolio investments for which it has determined that third-party quotes or other independent pricing are not available or appropriate, MSC Income Fund generally estimates the fair value based on the assumptions that it believes hypothetical market participants would use to value such Private Loan debt investments in a current hypothetical sale using the Yield-to-Maturity valuation method and such Private Loan equity investments in a current hypothetical sale using the Waterfall valuation method. In addition to its internal valuation process, in arriving at estimates of fair value for its investments in its LMM portfolio companies, MSC Income Fund, among other things, consults with the Financial Advisory Firm. The Financial Advisory Firm analyzes and provides observations, recommendations and an assurance certification regarding MSC Income Fund’s determinations of the fair value of its LMM portfolio company investments. The Financial Advisory Firm is generally consulted relative to MSC Income Fund’s investments in each LMM portfolio company at least once every calendar year, and for MSC Income Fund’s investments in new LMM portfolio companies, at least once in the twelve-month period subsequent to the initial investment. In certain instances, MSC Income Fund may determine that it is not cost-effective, and as a result is not in its stockholders’ best interest, to consult with the Financial Advisory Firm on its investments in one or more LMM portfolio companies. Such instances include, but are not limited to, situations where the fair value of MSC Income Fund’s investment in a LMM portfolio company is determined to be insignificant relative to the total Investment Portfolio. MSC Income Fund consulted with and received an assurance certification from the Financial Advisory Firm in arriving at its determination of fair value for its investments in a total of 12 and 13 LMM portfolio companies during the three months ended March 31, 2024 and 2023, respectively, representing 26% and 39% of the total LMM portfolio at fair value as of March 31, 2024 and 2023, respectively. A total of 46 LMM portfolio companies were reviewed and certified by the Financial Advisory Firm during the trailing twelve months ended March 31, 2024, representing 94% of the total LMM portfolio at fair value as of March 31, 2024. Excluding its investments in LMM portfolio companies that, as of March 31, 2024, had not been in the Investment Portfolio for at least twelve months subsequent to the initial investment or whose primary purpose is to own real estate for which a third-party appraisal is obtained on at least an annual basis, 99% of the LMM portfolio at fair value was reviewed and certified by the Financial Advisory Firm during the trailing twelve months ended March 31, 2024. For valuation purposes, all of MSC Income Fund’s Middle Market portfolio investments are non-control investments. To the extent sufficient observable inputs are available to determine fair value, MSC Income Fund uses observable inputs to determine the fair value of these investments through obtaining third-party quotes or other independent pricing. For Middle Market portfolio investments for which it has determined that third-party quotes or other independent pricing are not available or appropriate, MSC Income Fund generally estimates the fair value based on the assumptions that it believes hypothetical market participants would use to value such Middle Market debt investments in a current hypothetical sale using the Yield-to-Maturity valuation method and such Middle Market equity investments in a current hypothetical sale using the Waterfall valuation method. MSC Income Fund generally consults on a limited basis with the Financial Advisory Firm in connection with determining the fair value of its Middle Market portfolio investments due to the nature of these investments. The vast majority (96% and 97% as of March 31, 2024 and December 31, 2023, respectively) of the Middle Market portfolio investments (i) are valued using third-party quotes or other independent pricing services or (ii) MSC Income Fund has consulted with and received an assurance certification from the Financial Advisory Firm within the last twelve months. For valuation purposes, all of MSC Income Fund’s Other Portfolio investments are non-control investments. MSC Income Fund’s Other Portfolio investments comprised 2.2% and 2.3% of MSC Income Fund’s Investment Portfolio at fair value as of March 31, 2024 and December 31, 2023, respectively. Similar to the LMM investment portfolio, market quotations for Other Portfolio equity investments are generally not readily available. For its Other Portfolio equity investments, MSC Income Fund generally determines the fair value of these investments using the NAV valuation method. Due to the inherent uncertainty in the valuation process, MSC Income Fund’s determination of fair value for its Investment Portfolio may differ materially from the values that would have been determined had a ready market for the securities existed. In addition, changes in the market environment, portfolio company performance and other events that may occur over the lives of the investments may cause the gains or losses ultimately realized on these investments to be materially different than the valuations currently assigned. MSC Income Fund determines the fair value of each individual investment and records changes in fair value as unrealized appreciation or depreciation. MSC Income Fund uses an internally developed portfolio investment rating system in connection with its investment oversight, portfolio management and analysis and investment valuation procedures for its Private Loan, LMM and Middle Market portfolio companies. This system takes into account both quantitative and qualitative factors of each Private Loan, LMM and Middle Market portfolio company. Rule 2a-5 under the 1940 Act permits a BDC’s board of directors to designate its executive officers or investment adviser as a valuation designee to determine the fair value for its investment portfolio, subject to the active oversight of the board. MSC Income Fund’s Board of Directors has approved policies and procedures pursuant to Rule 2a-5 (the “Valuation Procedures”) and has designated the Adviser, led by a group of Main Street’s and the Adviser’s executive officers, to serve as the Board of Directors’ valuation designee. MSC Income Fund believes its Investment Portfolio as of March 31, 2024 and December 31, 2023 approximates fair value as of those dates based on the markets in which it operates and other conditions in existence on those reporting dates. |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the period. Actual results may differ from these estimates under different conditions or assumptions. Additionally, as explained in Note B.1. — Summary of Significant Accounting Policies — Valuation of the Investment Portfolio , the consolidated financial statements include investments in the Investment Portfolio whose values have been estimated by MSC Income Fund pursuant to valuation policies and procedures approved and overseen by MSC Income Fund’s Board of Directors, in the absence of readily ascertainable market values. Because of the inherent uncertainty of the Investment Portfolio valuations, those estimated values may differ materially from the values that would have been determined had a ready market for the securities existed. Macroeconomic factors, including pandemics, risk of recession, inflation, supply chain constraints or disruptions, geopolitical disruptions and changing market index interest rates, and the related effect on the U.S. and global economies, have impacted, and may continue to impact, the businesses and operating results of certain of MSC Income Fund’s portfolio companies. As a result of these and other current effects of macroeconomic factors, as well as the uncertainty regarding the extent and duration of their impact, the valuation of MSC Income Fund’s Investment Portfolio has and may continue to experience increased volatility. |
Cash and Cash Equivalents | Cash and Cash Equivalents Cash and cash equivalents consist of cash and highly liquid investments with an original maturity of three months or less at the date of purchase. Cash and cash equivalents are carried at cost, which approximates fair value. At March 31, 2024 and December 31, 2023, the Company had $13.6 million and $20.8 million, respectively of cash equivalents invested in AAA-rated money market funds pending investment in the Company’s primary investment strategies. These highly liquid investments are included in the Consolidated Schedule of Investments. |
Interest | MSC Income Fund records interest and dividend income on the accrual basis to the extent amounts are expected to be collected. Dividend income is recorded when dividends are declared by the portfolio company or at such other time that an obligation exists for the portfolio company to make a distribution. MSC Income Fund evaluates accrued interest and dividend income periodically for collectability. When a loan or debt security becomes 90 days or more past due, and if MSC Income Fund otherwise does not expect the debtor to be able to service its debt obligation, MSC Income Fund will generally place the loan or debt security on non-accrual status and cease recognizing interest income on that loan or debt security until the borrower has demonstrated the ability and intent to pay contractual amounts due. If a loan or debt security’s status significantly improves regarding the debtor’s ability to service the debt obligation, or if a loan or debt security is sold or written off, MSC Income Fund removes it from non-accrual status. |
Dividend | MSC Income Fund holds certain debt and preferred equity instruments in its Investment Portfolio that contain PIK interest and cumulative dividend provisions. The PIK interest, computed at the contractual rate specified in each debt agreement, is periodically added to the principal balance of the debt and is recorded as interest income. Thus, the actual collection of this interest may be deferred until the time of debt principal repayment. Cumulative dividends are recorded as dividend income, and any dividends in arrears are added to the balance of the preferred equity investment. The actual collection of these dividends in arrears may be deferred until such time as the preferred equity is redeemed or sold. To maintain RIC tax treatment (as discussed in Note B.7. — Summary of Significant Accounting Policies — Income Taxes |
Fee Income | MSC Income Fund may periodically provide services, including structuring and advisory services, to its portfolio companies or other third parties. For services that are separately identifiable and evidence exists to substantiate fair value, fee income is recognized as earned. Fees received in connection with debt financing transactions are generally deferred and accreted into income over the life of the financing. |
Deferred Financing Costs | Deferred Financing Costs Deferred financing costs include commitment fees and other direct costs incurred in connection with arranging MSC Income Fund’s borrowings. Deferred financing costs incurred in connection with MSC Income Fund’s multi-year revolving Credit Facilities (as defined in Note D — Debt ) have been capitalized as an asset. Deferred financing costs incurred in connection with the Series A Notes (as defined in Note D — Debt ) are reflected as a direct deduction from the principal amount outstanding. |
Unearned Income—Debt Origination Fees and Original Issue Discount and Discounts / Premiums to Par Value | Unearned Income—Debt Origination Fees and Original Issue Discount and Discounts / Premiums to Par Value MSC Income Fund capitalizes debt origination fees received in connection with financings and reflects such fees as unearned income netted against the applicable debt investments. The unearned income from the fees is accreted into income over the life of the financing. In connection with its portfolio debt investments, MSC Income Fund sometimes receives nominal cost warrants or warrants with an exercise price below the fair value of the underlying equity (together, “nominal cost equity”) that are valued as part of the negotiation process with the particular portfolio company. When MSC Income Fund receives nominal cost equity, it allocates its cost basis in its investment between its debt security and its nominal cost equity at the time of origination based on amounts negotiated with the particular portfolio company. The allocated amounts are based upon the fair value of the nominal cost equity, which is then used to determine the allocation of cost to the debt security. Any discount recorded on a debt investment resulting from this allocation is reflected as unearned income, which is netted against the applicable debt investment, and accreted into interest income over the life of the debt investment. The actual collection of this interest is deferred until the time of debt principal repayment. MSC Income Fund may also purchase debt securities at a discount or at a premium to the par value of the debt security. In the case of a purchase at a discount, MSC Income Fund records the investment at the par value of the debt security net of the discount, and the discount is accreted into interest income over the life of the debt investment. In the case of a purchase at a premium, MSC Income Fund records the investment at the par value of the debt security plus the premium, and the premium is amortized as a reduction to interest income over the life of the debt investment. To maintain RIC tax treatment (as discussed in Note B.7. — Summary of Significant Accounting Policies — Income Taxes below), these non-cash sources of income may need to be paid out to stockholders in the form of distributions, even though MSC Income Fund may not have collected the interest income. For each of the three months ended March 31, 2024 and 2023, 2.5% of MSC Income Fund’s total investment income was attributable to interest income from the accretion of discounts associated with debt investments, net of any premium amortization. |
Income Taxes | Income Taxes MSIF has elected to be treated for U.S. federal income tax purposes as a RIC. MSIF’s taxable income includes the taxable income generated by MSIF and certain of its subsidiaries, including the Structured Subsidiaries, which are treated as disregarded entities for tax purposes. As a RIC, MSIF generally will not pay corporate-level U.S. federal income taxes on any net ordinary taxable income or capital gains that MSIF distributes to its stockholders. MSIF must generally distribute at least 90% of its “investment company taxable income” (which is generally its net ordinary taxable income and realized net short-term capital gains in excess of realized net long-term capital losses) and 90% of its tax-exempt income to maintain its RIC status (pass-through tax treatment for amounts distributed). As part of maintaining RIC status, undistributed taxable income (subject to a 4% non-deductible U.S. federal excise tax) pertaining to a given fiscal year may be distributed up to twelve months subsequent to the end of that fiscal year, provided such dividends are declared on or prior to the later of (i) the filing of the U.S. federal income tax return for the applicable fiscal year or (ii) the fifteenth day of the ninth month following the close of the year in which such taxable income was generated. The Taxable Subsidiaries primarily hold certain equity investments for MSC Income Fund. The Taxable Subsidiaries permit MSC Income Fund to hold equity investments in portfolio companies which are “pass-through” entities for tax purposes and to continue to comply with the “source-of-income” requirements contained in the RIC tax provisions of the Code. The Taxable Subsidiaries are consolidated with MSC Income Fund for U.S. GAAP financial reporting purposes, and the portfolio investments held by the Taxable Subsidiaries are included in MSC Income Fund’s consolidated financial statements as portfolio investments and recorded at fair value. The Taxable Subsidiaries are not consolidated with MSIF for income tax purposes and may generate income tax expense, or benefit, and tax assets and liabilities, as a result of their ownership of certain portfolio investments. The taxable income, or loss, of the Taxable Subsidiaries may differ from their book income, or loss, due to temporary book and tax timing differences and permanent differences. The Taxable Subsidiaries are each taxed at corporate income tax rates based on their taxable income. The income tax expense, or benefit, if any, and the related tax assets and liabilities, of the Taxable Subsidiaries are reflected in MSC Income Fund’s consolidated financial statements. The Taxable Subsidiaries use the liability method in accounting for income taxes. Deferred tax assets and liabilities are recorded for temporary differences between the tax basis of assets and liabilities and their reported amounts in the consolidated financial statements, using statutory tax rates in effect for the year in which the temporary differences are expected to reverse. A valuation allowance is provided, if necessary, against deferred tax assets when it is more likely than not that some portion or all of the deferred tax asset will not be realized. MSC Income Fund’s net assets as included on the Consolidated Balance Sheets and Consolidated Statements of Changes in Net Assets include an adjustment to classification as a result of permanent book-to-tax differences, which include differences in the book and tax treatment of income and expenses. Taxable income generally differs from net income for financial reporting purposes due to temporary and permanent differences in the recognition of income and expenses. Taxable income generally excludes net unrealized appreciation or depreciation, as investment gains or losses are not included in taxable income until they are realized. |
Net Realized Gains or Losses and Net Unrealized Appreciation or Depreciation | Net Realized Gains or Losses and Net Unrealized Appreciation or Depreciation Realized gains or losses are measured by the difference between the net proceeds from the sale or redemption of an investment or a financial instrument and the cost basis of the investment or financial instrument, without regard to unrealized appreciation or depreciation previously recognized, and includes investments written-off during the period net of recoveries and realized gains or losses from in-kind redemptions. Net unrealized appreciation or depreciation reflects the net change in the fair value of the Investment Portfolio and financial instruments and the reclassification of any prior period unrealized appreciation or depreciation on exited investments and financial instruments to realized gains or losses. |
Fair Value of Financial Instruments | Fair Value of Financial Instruments Fair value estimates are made at discrete points in time based on relevant information. These estimates may be subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. MSC Income Fund believes that the carrying amounts of its financial instruments, consisting of cash and cash equivalents, receivables, payables and other liabilities approximate the fair values of such items due to the short-term nature of these instruments. MSC Income Fund’s debt instruments, including all revolving and unsecured debt, are accounted for on a historical cost basis as applicable under U.S GAAP. As also required under U.S GAAP, MSC Income Fund discloses the estimated fair value of its debt obligations in Note D — Debt. To estimate the fair value of MSC Income Fund’s Series A Notes as disclosed in Note D — Debt , MSC Income Fund uses the Yield-to-Maturity valuation method based on projections of the discounted future free cash flows that the debt security will likely generate, including both the discounted cash flows of the associated interest and principal amounts for the debt security. The inputs used to value MSC Income Fund’s debt instruments for purposes of the fair value estimate disclosures in Note D — Debt are considered to be Level 2 according to the ASC 820 fair value hierarchy. |
Earnings per Share | Earnings per Share Net increase in net assets resulting from operations per share and net investment income per share are computed utilizing the weighted-average number of shares of common stock outstanding for the period. |
Recently Issued or Adopted Accounting Standards | Recently Issued or Adopted Accounting Standards In November 2022, the FASB issued ASU 2022-06, Reference rate reform (Topic 848) — Deferral of the Sunset Date of Topic 848 , which deferred the sunset date of Topic 848 from December 31, 2022 to December 31, 2024 after which entities will no longer be permitted to apply the relief in Topic 848. The Company utilized the optional expedients and exceptions provided by ASU 2020-04 and extended by ASU 2022-06 during the year ended December 31, 2023, the effect of which was not material to the consolidated financial statements and the notes thereto. For the current year, the Company will no longer utilize the optional expedients provided by ASU 2020-04, as LIBOR is no longer referenced in any of its contracts. ASU 2022-06 did not have a material impact on the consolidated financial statements and the notes thereto. In December 2023, the FASB issued ASU 2023-09, Improvements to Income Tax Disclosures . The amendments in this update require more disaggregated information on income taxes paid. ASU 2023-09 is effective for years beginning after December 15, 2024. Early adoption is permitted, however the Company has not elected to adopt this provision as of the date of the financial statements contained in this report. The Company is still assessing the impact of the new guidance. However, it does not expect ASU 2023-09 to have a material impact on the consolidated financial statements and the notes thereto. From time to time, new accounting pronouncements are issued by the FASB or other standards-setting bodies that are adopted by the Company as of the specified effective date. The Company believes that the impact of recently issued standards and any that are not yet effective will not have a material impact on its consolidated financial statements upon adoption. |
Fair Value Measurement | ASC 820 defines fair value, establishes a framework for measuring fair value, establishes a fair value hierarchy based on the quality of inputs used to measure fair value, and enhances disclosure requirements for fair value measurements. MSC Income Fund accounts for its investments at fair value. Fair Value Hierarchy In accordance with ASC 820, MSC Income Fund has categorized its investments based on the priority of the inputs to the valuation technique into a three-level fair value hierarchy. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical investments (Level 1) and the lowest priority to unobservable inputs (Level 3). Investments recorded on MSC Income Fund’s Consolidated Balance Sheets are categorized based on the inputs to the valuation techniques as follows: Level 1 — Investments whose values are based on unadjusted quoted prices for identical assets in an active market that MSC Income Fund has the ability to access (examples include investments in active exchange-traded equity securities and investments in most U.S. government and agency securities). Level 2 — Investments whose values are based on quoted prices in markets that are not active or model inputs that are observable either directly or indirectly for substantially the full term of the investment. Level 2 inputs include the following: • Quoted prices for similar assets in active markets (for example, investments in restricted stock); • Quoted prices for identical or similar assets in non-active markets (for example, investments in thinly traded public companies); • Pricing models whose inputs are observable for substantially the full term of the investment (for example, market interest rate indices); and • Pricing models whose inputs are derived principally from, or corroborated by, observable market data through correlation or other means for substantially the full term of the investment. Level 3 — Investments whose values are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement (for example, investments in illiquid securities issued by privately held companies). These inputs reflect management’s own assumptions about the assumptions a market participant would use in pricing the investment. As required by ASC 820, when the inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurement in its entirety. For example, a Level 3 fair value measurement may include inputs that are observable (Levels 1 and 2) and unobservable (Level 3). Therefore, unrealized appreciation and depreciation related to such investments categorized within the Level 3 tables below may include changes in fair value that are attributable to both observable inputs (Levels 1 and 2) and unobservable inputs (Level 3). As of March 31, 2024 and December 31, 2023, MSC Income Fund’s Private Loan portfolio investments primarily consisted of investments in secured debt investments. The fair value determination for these investments consisted of a combination of observable inputs in non-active markets for which sufficient observable inputs were not available to determine the fair value of these investments and unobservable inputs. As a result, all of MSC Income Fund’s Private Loan portfolio investments were categorized as Level 3 as of March 31, 2024 and December 31, 2023. As of March 31, 2024 and December 31, 2023, all of MSC Income Fund’s LMM portfolio investments consisted of illiquid securities issued by privately held companies and the fair value determination for these investments primarily consisted of unobservable inputs. As a result, all of MSC Income Fund’s LMM portfolio investments were categorized as Level 3 as of March 31, 2024 and December 31, 2023. As of March 31, 2024 and December 31, 2023, MSC Income Fund’s Middle Market portfolio investments consisted primarily of investments in secured and unsecured debt investments and independently rated debt investments. The fair value determination for these investments consisted of a combination of observable inputs in non-active markets for which sufficient observable inputs were not available to determine the fair value of these investments and unobservable inputs. As a result, all of MSC Income Fund’s Middle Market portfolio investments were categorized as Level 3 as of March 31, 2024 and December 31, 2023. As of March 31, 2024 and December 31, 2023, MSC Income Fund’s Other Portfolio investments consisted of illiquid securities issued by privately held entities and the fair value determination for these investments primarily consisted of unobservable inputs. As a result, all of MSC Income Fund’s Other Portfolio investments were categorized as Level 3 as of March 31, 2024 and December 31, 2023. As of March 31, 2024 and December 31, 2023, all money market funds included in cash and cash equivalents were valued using Level 1 inputs. The fair value determination of each portfolio investment categorized as Level 3 required one or more of the following unobservable inputs: • Financial information obtained from each portfolio company, including unaudited statements of operations and balance sheets for the most recent period available as compared to budgeted numbers; • Current and projected financial condition of the portfolio company; • Current and projected ability of the portfolio company to service its debt obligations; • Type and amount of collateral, if any, underlying the investment; • Current financial ratios (e.g., fixed charge coverage ratio, interest coverage ratio and net debt/ EBITDA ratio) applicable to the investment; • Current liquidity of the investment and related financial ratios (e.g., current ratio and quick ratio); • Pending debt or capital restructuring of the portfolio company; • Projected operating results of the portfolio company; • Current information regarding any offers to purchase the investment; • Current ability of the portfolio company to raise any additional financing as needed; • Changes in the economic environment which may have a material impact on the operating results of the portfolio company; • Internal occurrences that may have an impact (both positive and negative) on the operating performance of the portfolio company; • Qualitative assessment of key management; • Contractual rights, obligations or restrictions associated with the investment; and • Other factors deemed relevant. |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Accounting Policies [Abstract] | |
Schedule of Investment Income | A presentation of total investment income MSC Income Fund received from its Investment Portfolio in each of the periods presented is as follows: Three Months Ended 2024 2023 (dollars in thousands) Interest, fee and dividend income: Interest income $ 29,059 $ 28,932 Dividend income 2,472 1,559 Fee income 2,419 555 Total interest, fee and dividend income $ 33,950 $ 31,046 |
FAIR VALUE HIERARCHY FOR INVE_2
FAIR VALUE HIERARCHY FOR INVESTMENTS—PORTFOLIO COMPOSITION (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Fair Value Disclosures [Abstract] | |
Schedule of Fair Value Measurement Inputs and Valuation Techniques | The following tables provide a summary of the significant unobservable inputs used to fair value MSC Income Fund’s Level 3 portfolio investments as of March 31, 2024 and December 31, 2023: Type of Fair Value as of March 31, (in thousands) Valuation Technique Significant Range(3) Weighted Average(3) Median(3) Equity investments $ 256,254 Discounted cash flow WACC 10.7% - 22.4% 14.2 % 15.1 % Market comparable / Enterprise value EBITDA multiple (1) 4.3x - 9.4x (2) 7.3x 6.5x Debt investments $ 798,929 Discounted cash flow Risk adjusted discount factor (4) 9.6% - 17.0% (2) 13.3 % 12.6 % Expected principal recovery percentage 0.3% - 100.0% 99.3 % 100.0 % Debt investments $ 60,799 Market approach Third-party quote 38.3 - 100.5 85.2 91.5 Total Level 3 investments $ 1,115,982 _____________________ (1) EBITDA may include proforma adjustments and/or other add-backs based on specific circumstances related to each investment. (2) Range excludes outliers that are greater than one standard deviation from the mean. Including these outliers, the range for EBITDA multiple is 2.0x - 15.7x and the range for risk adjusted discount factor is 8.0% - 31.9%. (3) Does not include investments for which the valuation technique does not include the use of the applicable fair value input. (4) Discount rate includes the effect of the standard SOFR base rate, as applicable. Type of Fair Value as of December 31, 2023 (in thousands) Valuation Technique Significant Range(3) Weighted Median(3) Equity investments $ 254,770 Discounted cash flow WACC 10.9% - 22.5% 14.4 % 15.5 % Market comparable / Enterprise value EBITDA multiple (1) 4.9x - 9.2x (2) 7.3x 6.5x Debt investments $ 777,003 Discounted cash flow Risk adjusted discount factor (4) 9.8% - 16.8% (2) 13.1 % 12.8 % Expected principal recovery percentage 0.6% - 100.0% 99.6 % 100.0 % Debt investments $ 61,122 Market approach Third-party quote 4.5 - 99.2 85.0 89.5 Total Level 3 investments $ 1,092,895 _____________________ (1) EBITDA may include proforma adjustments and/or other add-backs based on specific circumstances related to each investment. (2) Range excludes outliers that are greater than one standard deviation from the mean. Including these outliers, the range for EBITDA multiple is 2.0x - 15.7x and the range for risk adjusted discount factor is 8.0% - 27.3%. (3) Does not include investments for which the valuation technique does not include the use of the applicable fair value input. (4) Discount rate includes the effect of the standard SOFR base rate, as applicable. |
Schedule of MSC Income Fund’s Level 3 Portfolio Investments | The following tables provide a summary of changes in fair value of MSC Income Fund’s Level 3 portfolio investments for the three months ended March 31, 2024 and 2023 (amounts in thousands): Type of Fair Value as of December 31, Transfers Redemptions/ New Net Net Other(1) Fair Value as of March 31, Debt $ 838,125 $ — $ (50,999) $ 75,519 $ 884 $ (3,635) $ (166) $ 859,728 Equity 254,029 — (3,324) 3,025 673 1,053 166 255,622 Equity Warrant 741 — — — — (109) — 632 $ 1,092,895 $ — $ (54,323) $ 78,544 $ 1,557 $ (2,691) $ — $ 1,115,982 ______________________ (1) Includes the impact of non-cash conversions. These transactions represent non-cash investing activities. See additional cash flow information in the Consolidated Statements of Cash Flows. Type of Fair Value as of December 31, Transfers Redemptions/ New Net Net Other(1) Fair Value as of March 31, Debt $ 852,282 $ — $ (23,105) $ 25,679 $ 1,403 $ (7,409) $ (4,906) $ 843,944 Equity 214,687 — (1,311) 1,828 (3,809) 5,005 6,011 222,411 Equity Warrant 1,174 — — — — 670 (1,105) 739 $ 1,068,143 $ — $ (24,416) $ 27,507 $ (2,406) $ (1,734) $ — $ 1,067,094 _____________________ (1) Includes the impact of non-cash conversions. These transactions represent non-cash investing activities. See additional cash flow information in the Consolidated Statements of Cash Flows. |
Schedule of MSC Income Fund's Investments at Fair Value Hierarchy | At March 31, 2024 and December 31, 2023, MSC Income Fund's investments at fair value were categorized as follows in the fair value hierarchy for ASC 820 purposes: Fair Value Measurements (in thousands) At March 31, 2024 Fair Value Quoted Prices in Significant Other Significant Private Loan portfolio investments $ 631,447 $ — $ — $ 631,447 LMM portfolio investments 391,575 — — 391,575 Middle Market portfolio investments 68,352 — — 68,352 Other Portfolio investments 24,608 — — 24,608 Total investments $ 1,115,982 $ — $ — $ 1,115,982 Fair Value Measurements (in thousands) At December 31, 2023 Fair Value Quoted Prices in Significant Other Significant Private Loan portfolio investments $ 595,326 $ — $ — $ 595,326 LMM portfolio investments 386,956 — — 386,956 Middle Market portfolio investments 85,990 — — 85,990 Other Portfolio investments 24,623 — — 24,623 Total investments $ 1,092,895 $ — $ — $ 1,092,895 |
Schedule of Investment Holdings | The following tables provide a summary of MSC Income Fund’s investments in the Private Loan, LMM and Middle Market portfolios as of March 31, 2024 and December 31, 2023 (this information excludes Other Portfolio investments, which are discussed further below). As of March 31, 2024 Private Loan LMM (a) Middle Market (dollars in millions) Number of portfolio companies 79 51 15 Fair value $ 631.4 $ 391.6 $ 68.4 Cost $ 624.3 $ 319.2 $ 97.7 Debt investments as a % of portfolio (at cost) 94.6 % 70.3 % 91.7 % Equity investments as a % of portfolio (at cost) 5.4 % 29.7 % 8.3 % % of debt investments at cost secured by first priority lien 99.9 % 99.9 % 99.9 % Weighted-average annual effective yield (b) 13.0 % 13.0 % 13.4 % Average EBITDA (c) $ 34.7 $ 9.2 $ 62.5 ___________________ (a) At March 31, 2024, MSC Income Fund had equity ownership in all of its LMM portfolio companies, and the average fully diluted equity ownership in those portfolio companies was 9%. (b) The weighted-average annual effective yields were computed using the effective interest rates for all debt investments at cost as of March 31, 2024, including amortization of deferred debt origination fees and accretion of original issue discount but excluding fees payable upon repayment of the debt instruments and any debt investments on non-accrual status. The weighted-average annual effective yield on MSC Income Fund’s debt portfolio as of March 31, 2024 including debt investments on non-accrual status was 12.6% for its Private Loan portfolio, 13.0% for its LMM portfolio and 10.1% for its Middle Market portfolio. The weighted-average annual effective yield is not reflective of what an investor in shares of MSC Income Fund’s common stock will realize on its investment because it does not reflect MSC Income Fund’s utilization of debt capital in its capital structure, MSC Income Fund’s expenses or any sales load paid by an investor. (c) The average EBITDA is calculated using a weighted-average for the Private Loan and Middle Market portfolios and a simple average for the LMM portfolio. These calculations exclude certain portfolio companies, including one Private Loan portfolio company, two LMM portfolio companies and one Middle Market portfolio company, as EBITDA is not a meaningful valuation metric for MSC Income Fund’s investments in these portfolio companies, and those portfolio companies whose primary purpose is to own real estate. As of December 31, 2023 Private Loan LMM (a) Middle Market (dollars in millions) Number of portfolio companies 78 50 16 Fair value $ 595.3 $ 387.0 $ 86.0 Cost $ 586.4 $ 315.7 $ 114.7 Debt investments as a % of portfolio (at cost) 94.1 % 70.2 % 93.1 % Equity investments as a % of portfolio (at cost) 5.9 % 29.8 % 6.9 % % of debt investments at cost secured by first priority lien 100.0 % 99.9 % 100.0 % Weighted-average annual effective yield (b) 13.1 % 13.0 % 13.0 % Average EBITDA (c) $ 30.5 $ 8.8 $ 74.2 ___________________ (a) At December 31, 2023, MSC Income Fund had equity ownership in all of its LMM portfolio companies, and the average fully diluted equity ownership in those portfolio companies was 9%. (b) The weighted-average annual effective yields were computed using the effective interest rates for all debt investments at cost as of December 31, 2023, including amortization of deferred debt origination fees and accretion of original issue discount but excluding fees payable upon repayment of the debt instruments and any debt investments on non-accrual status. The weighted-average annual effective yield on MSC Income Fund’s debt portfolio as of December 31, 2023 including debt investments on non-accrual status was 12.6% for its Private Loan portfolio, 13.0% for its LMM portfolio and 9.9% for its Middle Market portfolio. The weighted-average annual effective yield is not reflective of what an investor in shares of MSC Income Fund’s common stock will realize on its investment because it does not reflect MSC Income Fund’s utilization of debt capital in its capital structure, MSC Income Fund’s expenses or any sales load paid by an investor. (c) The average EBITDA is calculated using a weighted-average for the Private Loan and Middle Market portfolios and a simple average for the LMM portfolio. These calculations exclude certain portfolio companies, including one Private Loan portfolio company, as EBITDA is not a meaningful valuation metric for MSC Income Fund’s investment in this portfolio company, and those portfolio companies whose primary purpose is to own real estate. The following tables summarize the composition of MSC Income Fund’s total combined Private Loan, LMM and Middle Market portfolio investments at cost and fair value by type of investment as a percentage of the total combined Private Loan, LMM and Middle Market portfolio investments, as of March 31, 2024 and December 31, 2023 (this information excludes Other Portfolio investments, which are discussed above). Cost: March 31, 2024 December 31, 2023 First lien debt 86.9 % 86.5 % Equity 12.9 13.3 Second lien debt — — Equity warrants 0.2 0.2 Other — — 100.0 % 100.0 % Fair Value: March 31, 2024 December 31, 2023 First lien debt 78.7 % 78.4 % Equity 21.2 21.5 Second lien debt — — Equity warrants 0.1 0.1 Other — — 100.0 % 100.0 % The following tables summarize the composition of MSC Income Fund’s total combined Private Loan, LMM and Middle Market portfolio investments by geographic region of the United States and other countries at cost and fair value as a percentage of the total combined Private Loan, LMM and Middle Market portfolio investments, as of March 31, 2024 and December 31, 2023 (this information excludes Other Portfolio investments). The geographic composition is determined by the location of the corporate headquarters of the portfolio company. Cost: March 31, 2024 December 31, 2023 Northeast 22.0 % 21.9 % Southwest 21.3 23.8 West 18.8 17.0 Southeast 18.6 17.8 Midwest 17.5 17.6 Canada 0.8 0.8 Other Non-United States 1.0 1.1 100.0 % 100.0 % Fair Value: March 31, 2024 December 31, 2023 Southwest 24.4 % 26.8 % Northeast 21.6 21.6 Midwest 18.2 18.3 West 18.0 16.4 Southeast 16.0 15.0 Canada 0.8 0.8 Other Non-United States 1.0 1.1 100.0 % 100.0 % MSC Income Fund’s Private Loan, LMM and Middle Market portfolio investments are in companies conducting business in a variety of industries. The following tables summarize the composition of MSC Income Fund’s total combined Private Loan, LMM and Middle Market portfolio investments by industry at cost and fair value as of March 31, 2024 and December 31, 2023 (this information excludes Other Portfolio investments). Cost: March 31, 2024 December 31, 2023 Internet Software & Services 8.6 % 8.8 % Commercial Services & Supplies 8.0 8.5 Diversified Consumer Services 5.9 5.4 Machinery 5.5 5.8 Professional Services 5.5 5.7 IT Services 5.3 5.2 Health Care Providers & Services 4.9 6.5 Containers & Packaging 4.2 4.3 Distributors 4.2 4.4 Electrical Equipment 3.8 2.2 Leisure Equipment & Products 3.6 3.7 Textiles, Apparel & Luxury Goods 3.1 3.1 Specialty Retail 2.9 2.9 Communications Equipment 2.7 2.7 Computers & Peripherals 2.7 2.9 Building Products 2.5 2.1 Construction & Engineering 2.5 2.5 Aerospace & Defense 2.4 2.6 Media 2.4 2.5 Diversified Financial Services 2.0 2.1 Hotels, Restaurants & Leisure 2.0 2.1 Household Products 2.0 2.0 Energy Equipment & Services 1.7 0.5 Internet & Catalog Retail 1.7 1.6 Food & Staples Retailing 1.6 1.5 Software 1.5 1.4 Health Care Equipment & Supplies 1.2 1.3 Other (1) 5.6 5.7 100.0 % 100.0 % ___________________ (1) Includes various industries with each industry individually less than 1.0% of the total combined Private Loan, LMM and Middle Market portfolio investments at each date. Fair Value: March 31, 2024 December 31, 2023 Internet Software & Services 7.1 % 7.3 % Commercial Services & Supplies 6.9 7.3 Diversified Consumer Services 6.9 6.5 Machinery 6.9 7.2 Professional Services 5.4 5.5 IT Services 5.2 5.0 Computers & Peripherals 4.7 4.6 Containers & Packaging 4.6 4.6 Distributors 4.6 4.6 Health Care Providers & Services 4.3 6.0 Electrical Equipment 3.8 2.3 Construction & Engineering 3.2 3.1 Leisure Equipment & Products 3.1 3.3 Specialty Retail 2.8 2.9 Textiles, Apparel & Luxury Goods 2.8 2.9 Media 2.5 2.6 Aerospace & Defense 2.4 2.5 Building Products 2.3 1.9 Construction Materials 2.1 2.2 Diversified Financial Services 1.9 2.0 Household Products 1.9 1.9 Software 1.9 1.7 Air Freight & Logistics 1.6 1.6 Hotels, Restaurants & Leisure 1.6 1.6 Internet & Catalog Retail 1.5 1.5 Energy Equipment & Services 1.4 0.3 Food & Staples Retailing 1.3 1.2 Communications Equipment 1.1 1.1 Other (1) 4.2 4.8 100.0 % 100.0 % ___________________ (1) Includes various industries with each industry individually less than 1.0% of the total combined Private Loan, LMM and Middle Market portfolio investments at each date. |
DEBT (Tables)
DEBT (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Debt Disclosure [Abstract] | |
Schedule of Debt | Summary of MSC Income Fund’s debt as of March 31, 2024 is as follows: Outstanding Balance Unamortized Debt Issuance Costs (1) Recorded Value Estimated Fair Value (2) (dollars in thousands) SPV Facility $ 275,688 $ — $ 275,688 $ 275,688 Series A Notes 150,000 (771) 149,229 139,341 Corporate Facility 79,000 — 79,000 79,000 Total Debt $ 504,688 $ (771) $ 503,917 $ 494,029 _________________ (1) The unamortized debt issuance costs for the Credit Facilities are reflected as Deferred financing costs on the Consolidated Balance Sheets, while the deferred debt issuance costs related to the Series A Notes are reflected as a contra-liability to the Series A Notes on the Consolidated Balance Sheets. (2) Estimated fair value for outstanding debt if MSC Income Fund had adopted the fair value option under ASC 825. See discussion of the methods used to estimate the fair value of MSC Income Fund’s debt in Note B.9. — Summary of Significant Accounting Policies — Fair Value of Financial Instruments . Summary of MSC Income Fund’s debt as of December 31, 2023 is as follows: Outstanding Balance Unamortized Debt Issuance Costs (1) Recorded Value Estimated Fair Value (2) (dollars in thousands) SPV Facility $ 203,688 $ — $ 203,688 $ 203,688 Series A Notes 150,000 (845) 149,155 141,531 Corporate Facility 132,000 — 132,000 132,000 Total Debt $ 485,688 $ (845) $ 484,843 $ 477,219 ___________________ (1) The unamortized debt issuance costs for the Credit Facilities are reflected as Deferred financing costs on the Consolidated Balance Sheets, while the deferred debt issuance costs related to the Series A Notes are reflected as a contra-liability to the Series A Notes on the Consolidated Balance Sheets. (2) Estimated fair value for outstanding debt if MSC Income Fund had adopted the fair value option under ASC 825. See discussion of the methods used to estimate the fair value of MSC Income Fund’s debt in Note B.9. — Summary of Significant Accounting Policies — Fair Value of Financial Instruments . |
Schedule of Interest Expense | Summarized interest expense for the three months ended March 31, 2024 and 2023 is as follows: Three Months Ended March 31, 2024 2023 (dollars in thousands) SPV Facility $ 6,046 $ 4,817 Series A Notes 1,590 1,590 Corporate Facility 1,913 1,927 Total Interest Expense $ 9,549 $ 8,334 |
FINANCIAL HIGHLIGHTS (Tables)
FINANCIAL HIGHLIGHTS (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Investment Company [Abstract] | |
Schedule of Financial Highlights of MSC Income Fund | The following is a schedule of financial highlights of MSC Income Fund for the three months ended March 31, 2024 and 2023: Three Months Ended March 31, Per Share Data: 2024 2023 NAV at the beginning of the period $ 7.77 $ 7.61 Net investment income (1) 0.18 0.18 Net realized gain (loss) (1)(2) (0.02) 0.04 Net unrealized depreciation (1)(2) (0.02) (0.06) Income tax provision (1)(2) (0.01) (0.01) Net increase in net assets resulting from operations (1) 0.13 0.15 Dividends paid from net investment income (0.19) (0.15) Dividends paid from capital gains — (0.03) Dividends paid or accrued (3) (0.19) (0.18) Other (4) 0.01 0.01 NAV at the end of the period $ 7.72 $ 7.59 Shares outstanding at the end of the period 80,112,588 80,150,887 ________________ (1) Based on weighted-average number of common shares outstanding for the period. (2) Net realized gains or losses, net unrealized appreciation or depreciation, and income tax provision or benefit can fluctuate significantly from period to period. (3) Represents stockholder dividends paid or accrued for the period. (4) Includes the impact of the different share amounts as a result of calculating certain per share data based on the weighted-average basic shares outstanding during the period and certain per share data based on the shares outstanding as of a period end or transaction date. Three Months Ended March 31, 2024 2023 (dollars in thousands) NAV at end of period $ 618,521 $ 608,299 Average NAV $ 620,414 $ 608,982 Average outstanding debt $ 488,688 $ 474,438 Ratios to average NAV: Ratio of total expenses, including income tax provision, to average NAV(1)(2)(3)(5) 3.62 % 2.97 % Ratio of operating expenses to average NAV(2)(3)(5) 3.47 % 2.78 % Ratio of operating expenses, excluding interest expense, to average NAV(2)(3)(5) 1.93 % 1.41 % Ratio of operating expenses, excluding interest expense and incentive fees, to average NAV(2)(3)(5) 1.34 % 0.97 % Ratio of net investment income to average NAV(2)(5) 2.34 % 2.32 % Portfolio turnover ratio(2) 4.72 % 2.34 % Total return based on change in NAV(2)(4)(5) 1.70 % 2.01 % _______________ (1) Total expenses are the sum of operating expenses and net income tax provision or benefit. Net income tax provision or benefit includes the accrual of net deferred tax provision or benefit relating to the net unrealized appreciation or depreciation on portfolio investments held in Taxable Subsidiaries and due to the change in the loss carryforwards, which are non-cash in nature and may vary significantly from period to period. MSC Income Fund is required to include net deferred tax provision or benefit in calculating its total expenses even though these net deferred taxes are not currently payable or receivable. (2) Not annualized. (3) Unless otherwise noted, operating expenses include interest, management fees, incentive fees and general and administrative expenses. (4) Total return is calculated based on the change in NAV per share and stockholder distributions declared per share during the reporting period, divided by the NAV per share at the beginning of the period. The total return does not reflect the sales load from the sale of MSC Income Fund’s common stock. (5) Net of expense waivers of $2.1 million and $1.9 million for the three months ended March 31, 2024 and March 31, 2023, respectively. Excluding these expense waivers, the expense and income ratios are as follows: Three Months Ended March 31, 2024 2023 Ratio of total expenses, including income tax provision, to average NAV(1)(2)(3) 3.97 % 3.29 % Ratio of operating expenses to average NAV(2)(3) 3.81 % 3.10 % Ratio of operating expenses, excluding interest expense, to average NAV(2)(3) 2.27 % 1.73 % Ratio of operating expenses, excluding interest expense and incentive fees, to average NAV(2)(3) 1.69 % 1.28 % Ratio of net investment income to average NAV(2) 2.01 % 2.01 % Total return based on change in NAV(2)(4) 1.36 % 1.70 % ________________ |
DIVIDENDS, DISTRIBUTIONS AND _2
DIVIDENDS, DISTRIBUTIONS AND TAXABLE INCOME (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Income Tax Disclosure [Abstract] | |
Schedule of Taxable Income and to Total Distributions Declared to Common Stock Reconciliation | Listed below is a reconciliation of “Net increase in net assets resulting from operations” to taxable income and to total distributions declared to common stockholders for the three months ended March 31, 2024 and 2023. Three Months Ended March 31, 2024 2023 (estimated, dollars in thousands) Net increase in net assets resulting from operations $ 10,589 $ 12,231 Net unrealized depreciation 1,133 4,139 Income tax provision 940 1,170 Pre-tax book income not consolidated for tax purposes (1,261) (2,011) Book income and tax income differences, including debt origination, structuring fees, dividends, realized gains and changes in estimates 1,481 (3,455) Estimated taxable income (1) 12,882 12,074 Taxable income earned in prior year and carried forward for distribution in current year 14,745 20,674 Taxable income earned prior to period end and carried forward for distribution next period (27,627) (32,748) Dividend accrued as of period end and paid in the following period 14,821 14,026 Taxable income earned to be carried forward (12,806) (18,722) Total distributions accrued or paid to common stockholders $ 14,821 $ 14,026 ________________ (1) MSIF’s taxable income for each period is an estimate and will not be finally determined until MSIF files its tax return for each year. Therefore, the final taxable income, and the taxable income earned in each period and carried forward for distribution in the following period, may be different than this estimate. |
Schedule of Provision for Income Taxes | MSC Income Fund’s provision for income taxes was comprised of the following for the three months ended March 31, 2024 and 2023: Three Months Ended March 31, 2024 2023 (dollars in thousands) Current tax expense: Federal $ 53 $ 22 State 200 170 Excise 76 118 Total current tax expense 329 310 Deferred tax expense (benefit): Federal 656 641 State (45) 219 Total deferred tax expense 611 860 Total income tax provision $ 940 $ 1,170 |
DIVIDEND REINVESTMENT PLAN (Tab
DIVIDEND REINVESTMENT PLAN (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Equity [Abstract] | |
Schedule of Summarized Dividend Reinvestment Plan Information | Summarized DRIP information for the three months ended March 31, 2024 and 2023 is as follows: Three Months Ended March 31, 2024 2023 (dollars in thousands) DRIP participation $ 4,493 $ 4,414 Shares issued for DRIP 564,969 564,377 |
COMMITMENTS AND CONTINGENCIES (
COMMITMENTS AND CONTINGENCIES (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Commitments and Contingencies Disclosure [Abstract] | |
Schedule of Outstanding Commitments | At March 31, 2024, MSC Income Fund had the following outstanding commitments (in thousands): Investments with equity capital commitments that have not yet funded: Amount Freeport First Lien Loan Fund III LP $ 8,340 HPEP 3, L.P. 1,308 Brightwood Capital Fund III, LP 22 Total Equity Commitments $ 9,670 Investments with commitments to fund revolving loans that have not been fully drawn or term loans with additional commitments not yet funded: Computer Data Source, LLC $ 8,333 CQ fluency, LLC 4,500 Mako Steel, LP 4,057 Insight Borrower Corporation 3,888 BP Loenbro Holdings Inc. 2,569 Garyline, LLC 2,416 SI East, LLC 2,125 Winter Services LLC 1,944 American Health Staffing Group, Inc. 1,667 IG Parent Corporation 1,667 Bluestem Brands, Inc. 1,552 Burning Glass Intermediate Holding Company, Inc. 1,549 AB Centers Acquisition Corporation 1,538 Richardson Sales Solutions 1,439 Jackmont Hospitality, Inc. 1,419 Titan Meter Midco Corp. 1,384 Power System Solutions 1,330 Evergreen North America Acquisitions, LLC 1,253 Bettercloud, Inc. 1,216 Classic H&G Holdco, LLC 1,060 HEADLANDS OP-CO LLC 1,000 IG Investor, LLC 1,000 Mini Melts of America, LLC 983 Invincible Boat Company, LLC. 976 Roof Opco, LLC 972 Bond Brand Loyalty ULC 900 Imaging Business Machines, L.L.C. 890 VVS Holdco, LLC 800 Cody Pools, Inc. 786 Purge Rite, LLC 781 Acumera, Inc. 768 NinjaTrader, LLC 750 SPAU Holdings, LLC 700 Engineering Research & Consulting, LLC 652 NexRev LLC 600 Centre Technologies Holdings, LLC 600 ArborWorks, LLC 530 AVEX Aviation Holdings, LLC 512 Wall Street Prep, Inc. 500 GRT Rubber Technologies LLC 468 Microbe Formulas, LLC 434 Watterson Brands, LLC 433 PTL US Bidco, Inc 427 Channel Partners Intermediateco, LLC 419 CaseWorthy, Inc. 400 Trantech Radiator Topco, LLC 400 Chamberlin Holding LLC 400 Johnson Downie Opco, LLC 400 South Coast Terminals Holdings, LLC 381 Escalent, Inc. 349 Pinnacle TopCo, LLC 345 Gamber-Johnson Holdings, LLC 300 Career Team Holdings, LLC 300 Clad-Rex Steel, LLC 300 Metalforming Holdings, LLC 205 ATS Operating, LLC 200 Mystic Logistics Holdings, LLC 200 Orttech Holdings, LLC 200 Batjer TopCo, LLC 180 ITA Holdings Group, LLC 160 Analytical Systems Keco Holdings, LLC 145 Elgin AcquireCo, LLC 123 Gulf Publishing Holdings, LLC 100 JTI Electrical & Mechanical, LLC 89 AAC Holdings, Inc. 71 Inspire Aesthetics Management, LLC 43 Adams Publishing Group, LLC 4 Interface Security Systems, LLC 1 Total Loan Commitments $ 69,083 Total Commitments $ 78,753 |
Consolidated Schedule of Inve_4
Consolidated Schedule of Investments In and Advances to Affiliates (Tables) | 3 Months Ended |
Mar. 31, 2024 | |
Investments in and Advances to Affiliates [Abstract] | |
Schedule of Investments in and Advances to Affiliates, Schedule of Investments | Company Total Rate Base Rate Spread PIK Rate Type of Investment (1)(10)(11) Geography Amount of Amount of Amount of December 31, Gross Gross March 31, Control Investments Copper Trail Fund Investments LP Interests (CTMH, LP) (9) $ — $ — $ — $ 568 $ — $ — $ 568 GRT Rubber Technologies LLC 11.48% SF+ 6.00% Secured Debt (12) (8) — (1) 35 1,182 1 1 1,182 13.48% SF+ 8.00% Secured Debt (8) — (12) 692 19,944 12 12 19,944 Member Units (8) — — 21 21,890 — — 21,890 Harris Preston Fund Investments LP Interests (2717 MH, L.P.) (8) 10 — 40 6,050 10 10 6,050 Volusion, LLC 10.00% Secured Debt (8) — — 23 900 — — 900 Preferred Member Units (8) — — — — — — — Preferred Member Units (8) — 435 — 3,110 435 435 3,110 Preferred Member Units (8) — — — — — — — Common Stock (8) — — — — — — — Other — — — — — — — Total Control Investments $ 10 $ 422 $ 811 $ 53,644 $ 458 $ 458 $ 53,644 Affiliate Investments Analytical Systems Keco Holdings, LLC 15.38% SF+ 10.00% Secured Debt (12) (8) — — 1 54 — — 54 15.38% SF+ 10.00% Secured Debt (8) — — 44 1,020 5 18 1,007 14.13% Preferred Member Units (8) — — — — — — — Preferred Member Units (8) — 180 — 1,210 180 — 1,390 Warrants (8) — — — — — — — Barfly Ventures, LLC Member Units (5) — 160 — 1,380 160 — 1,540 Batjer TopCo, LLC 10.00% Secured Debt (12) (8) — — 1 — 50 — 50 10.00% Secured Debt (12) (8) — — 1 30 — — 30 10.00% Secured Debt (8) — (1) 31 1,175 1 1 1,175 Preferred Stock (8) — — 39 680 — — 680 Brewer Crane Holdings, LLC 15.48% SF+ 10.00% Secured Debt (9) — — 52 1,374 — 31 1,343 Preferred Member Units (9) — 30 8 1,400 30 — 1,430 Centre Technologies Holdings, LLC 14.48% SF+ 9.00% Secured Debt (12) (8) — — 1 — — — — 14.48% SF+ 9.00% Secured Debt (8) — 66 128 — 5,494 — 5,494 14.48% SF+ 9.00% Secured Debt (8) — (29) 84 4,394 — 4,394 — Preferred Member Units (8) — 280 8 2,760 280 — 3,040 Chamberlin Holding LLC 11.49% SF+ 6.00% Secured Debt (12) (8) — (6) 6 — 6 6 — 13.49% SF+ 8.00% Secured Debt (8) — — 133 3,905 — — 3,905 Member Units (8) — 60 366 7,330 60 — 7,390 Member Units (8) — 35 6 715 35 — 750 Charps, LLC Preferred Member Units (5) — 90 — 3,920 90 — 4,010 Clad-Rex Steel, LLC 12.00% Secured Debt (12) (5) — — — — — — — 12.00% Secured Debt (5) — — 64 2,103 — 3 2,100 Company Total Rate Base Rate Spread PIK Rate Type of Investment (1)(10)(11) Geography Amount of Amount of Amount of December 31, Gross Gross March 31, 10.00% Secured Debt (5) — — 6 251 — 2 249 Member Units (5) — (290) — 1,300 — 290 1,010 Member Units (5) — (45) — 282 — 45 237 Cody Pools, Inc. 12.50% Secured Debt (12) (8) — 2 3 — 236 236 — 12.50% Secured Debt (8) — (2) 223 7,111 2 117 6,996 Preferred Member Units (8) — 430 153 18,120 430 — 18,550 Colonial Electric Company LLC 12.00% Secured Debt (6) — — 1 — — — — 12.00% Secured Debt (6) — 41 173 5,407 53 498 4,962 Preferred Member Units (6) — — — 600 — — 600 Preferred Member Units (6) — 160 24 1,920 160 — 2,080 Compass Systems & Sales, LLC 13.50% Secured Debt (5) — — — — — — — 13.50% Secured Debt (5) — — 153 4,175 7 — 4,182 Preferred Equity (5) — — 15 1,863 — — 1,863 Datacom, LLC 7.50% Secured Debt (8) — — 1 49 25 20 54 10.00% Secured Debt (8) — — 29 844 5 7 842 Preferred Member Units (8) — 10 — 10 10 — 20 Digital Products Holdings LLC 15.38% SF+ 10.00% Secured Debt (5) — — 146 3,673 6 364 3,315 Preferred Member Units (5) — — 13 2,459 — — 2,459 Direct Marketing Solutions, Inc. 14.00% Secured Debt (9) — — 6 217 225 442 — 14.00% Secured Debt (9) — (4) 179 5,002 4 88 4,918 Preferred Stock (9) — (120) — 5,180 — 120 5,060 Flame King Holdings, LLC Preferred Equity (9) — — 170 6,970 — — 6,970 Freeport Financial Funds LP Interests (Freeport First Lien Loan Fund III LP) (12) (5) — — 138 3,705 — — 3,705 Gamber-Johnson Holdings, LLC 10.00% SF+ 7.00% Secured Debt (12) (5) — — — — — — — 10.00% SF+ 7.00% Secured Debt (5) — (17) 353 13,520 17 417 13,120 Member Units (5) — 2,460 372 24,180 2,460 — 26,640 GFG Group, LLC 8.00% Secured Debt (5) — (4) 51 2,336 4 4 2,336 Preferred Member Units (5) — (410) 164 2,870 — 410 2,460 Gulf Publishing Holdings, LLC 14.98% SF+ 9.50% Secured Debt (12) (8) — — — — — — — 12.50% Secured Debt (8) — — 19 571 — — 571 Preferred Equity (8) — (240) — 620 — 240 380 Member Units (8) — — — — — — — HPEP 3, L.P. LP Interests (HPEP 3, L.P.) (12) (8) — — — 4,225 — — 4,225 IG Investor, LLC 13.00% Secured Debt (12) (6) — — 2 (27) 2 — (25) 13.00% Secured Debt (6) — — 319 9,069 17 111 8,975 Common Equity (6) — — — 3,600 — — 3,600 Independent Pet Partners Intermediate Holdings, LLC Common Equity (6) — 80 — 6,320 80 — 6,400 Integral Energy Services 13.09% SF+ 7.50% Secured Debt (8) — 277 595 16,232 312 1,585 14,959 10.00% 10.00% Preferred Equity (8) — — 10 350 10 — 360 Common Stock (8) — 170 13 190 170 — 360 Kickhaefer Manufacturing Company, LLC 12.00% Secured Debt (5) — — 152 4,933 1 — 4,934 9.00% Secured Debt (5) — — 22 951 — 2 949 Preferred Equity (5) — 220 — 2,420 220 — 2,640 Company Total Rate Base Rate Spread PIK Rate Type of Investment (1)(10)(11) Geography Amount of Amount of Amount of December 31, Gross Gross March 31, Member Units (5) — — 8 683 — — 683 MH Corbin Holding LLC 14.00% Secured Debt (5) — — 46 1,256 — 20 1,236 Preferred Member Units (5) — — — 80 — — 80 Preferred Member Units (5) — — — — — — — Mystic Logistics Holdings, LLC 10.00% Secured Debt (12) (6) — — — — — — — 10.00% Secured Debt (6) — 5 36 1,436 — — 1,436 Common Stock (6) — — 248 6,598 — — 6,598 NexRev LLC 10.00% Secured Debt (12) (8) — — — — 400 — 400 10.00% Secured Debt (8) — — 66 2,435 4 — 2,439 Preferred Member Units (8) — 460 26 1,590 460 — 2,050 NuStep, LLC 11.98% SF+ 6.50% Secured Debt (5) — — 28 899 — — 899 12.00% Secured Debt (5) — — 141 4,606 1 — 4,607 Preferred Member Units (5) — 240 — 2,310 240 — 2,550 Preferred Member Units (5) — — — 1,290 — — 1,290 Oneliance, LLC 16.48% SF+ 11.00% Secured Debt (7) — 7 58 1,339 9 21 1,327 Preferred Stock (7) — — — 282 — — 282 Orttech Holdings, LLC 16.48% SF+ 11.00% Secured Debt (12) (5) — — — — — — — 16.48% SF+ 11.00% Secured Debt (5) — (6) 235 5,510 6 26 5,490 Preferred Stock (5) — (170) 15 4,260 — 170 4,090 Pinnacle TopCo, LLC 8.00% Secured Debt (12) (8) — — 2 105 — 59 46 13.00% Secured Debt (8) — — 261 7,472 9 — 7,481 Preferred Equity (8) — — 79 3,135 — — 3,135 Robbins Bros. Jewelry, Inc. 12.50% Secured Debt (9) — — 1 (6) 1 — (5) 12.50% Secured Debt (9) — (669) 123 3,421 4 717 2,708 Preferred Equity (9) — — — — — — — SI East, LLC 11.25% Secured Debt (12) (7) — — 13 375 — — 375 12.45% Secured Debt (7) — (9) 584 18,179 9 9 18,179 Preferred Member Units (7) — — 39 6,390 — — 6,390 Student Resource Center, LLC 8.50% 8.50% Secured Debt (6) — (1,618) — 3,543 — 1,618 1,925 Preferred Equity (6) — — — — — — — Tedder Industries, LLC 12.00% Secured Debt (9) — — 14 432 — — 432 12.00% Secured Debt (9) — (1,580) 115 3,565 — 1,580 1,985 Preferred Member Units (9) — — — — — — — Preferred Member Units (9) — — — — — — — Preferred Member Units (9) — — — — — — — Trantech Radiator Topco, LLC 11.50% Secured Debt (12) (7) — — — — — — — 13.50% Secured Debt (7) — 18 64 1,980 — — 1,980 Common Stock (7) — (280) 7 3,180 — 280 2,900 VVS Holdco LLC 11.48% SF+ 6.00% Secured Debt (12) (5) — — 1 — — — — 11.50% Secured Debt (5) — — 216 6,926 11 — 6,937 Preferred Equity (5) — — 25 3,060 — — 3,060 Company Total Rate Base Rate Spread PIK Rate Type of Investment (1)(10)(11) Geography Amount of Amount of Amount of December 31, Gross Gross March 31, Other — — — — — — — Total Affiliate investments $ — $ (19) $ 6,929 $ 291,279 $ 12,001 $ 13,951 $ 289,329 _________________________ (1) The principal amount, the ownership detail for equity investments and if the investment is income producing is included in the Consolidated Schedule of Investments included in Item 1. Consolidated Financial Statements of this Quarterly Report on Form 10-Q. (2) Represents the total amount of interest, fees and dividends credited to income for the portion of the period for which an investment was included in Control or Affiliate categories, respectively. For investments transferred between Control and Affiliate categories during the period, any income or investment balances related to the time period it was in the category other than the one shown at period end is included in “Amounts related to investments transferred from other 1940 Act classifications during the period.” (3) Gross additions include increases in the cost basis of investments resulting from new portfolio investments, follow-on investments and accrued PIK interest, and the exchange of one or more existing securities for one or more new securities. Gross additions also include net increases in unrealized appreciation or net decreases in net unrealized depreciation as well as the movement of an existing portfolio company into this category and out of a different category. (4) Gross reductions include decreases in the cost basis of investments resulting from principal repayments or sales and the exchange of one or more existing securities for one or more new securities. Gross reductions also include net increases in net unrealized depreciation or net decreases in unrealized appreciation as well as the movement of an existing portfolio company out of this category and into a different category. (5) Portfolio company located in the Midwest region as determined by location of the corporate headquarters. The fair value as of March 31, 2024 for affiliate investments located in this region was $108,671. This represented 17.6% of net assets as of March 31, 2024. (6) Portfolio company located in the Northeast region as determined by location of the corporate headquarters. The fair value as of March 31, 2024 for affiliate investments located in this region was $36,551. This represented 5.9% of net assets as of March 31, 2024. (7) Portfolio company located in the Southeast region as determined by location of the corporate headquarters. The fair value as of March 31, 2024 for affiliate investments located in this region was $31,433. This represented 5.1% of net assets as of March 31, 2024. (8) Portfolio company located in the Southwest region as determined by location of the corporate headquarters. The fair value as of March 31, 2024 for control investments located in this region was $53,076. This represented 8.6% of net assets as of March 31, 2024. The fair value as of March 31, 2024 for affiliate investments located in this region was $87,833. This represented 14.2% of net assets as of March 31, 2024. (9) Portfolio company located in the West region as determined by location of the corporate headquarters. The fair value as of March 31, 2024 for control investments located in this region was $568. This represented 0.1% of net assets as of March 31, 2024. The fair value as of March 31, 2024 for affiliate investments located in this region was $24,841. This represented 4.0% of net assets as of March 31, 2024. (10) All of the Company’s portfolio investments are generally subject to restrictions on resale as “restricted securities,” unless otherwise noted. (11) This schedule should be read in conjunction with the Consolidated Schedule of Investments and Notes to the Consolidated Financial Statements included in Item 1. Consolidated Financial Statements of this Quarterly Report on Form 10-Q. Supplemental information can be located within the Consolidated Schedule of Investments including end of period interest rate, preferred dividend rate, maturity date, investments not paid currently in cash and investments whose value was determined using significant unobservable inputs. (12) Investment has an unfunded commitment as of March 31, 2024 (see Note I). The fair value of the investment includes the impact of the fair value of any unfunded commitments. (13) Negative fair value is the result of the capitalized discount being greater than the principal amount outstanding on the loan. Company Total Rate Base Rate Spread PIK Rate Type of Investment (1)(10)(11) Geography Amount of Amount of Amount of December 31, Gross Gross March 31, Control Investments GRT Rubber Technologies LLC 10.66% L+ 6.00% Secured Debt (12) (8) $ — $ 1 $ 13 $ 330 $ 145 $ — $ 475 12.66% L+ 8.00% Secured Debt (8) — (12) 634 19,943 13 12 19,944 Member Units (8) — — 21 21,890 — — 21,890 Harris Preston Fund Investments LP Interests (2717 MH, L.P.) (8) 631 (675) 141 7,552 1,031 1,574 7,009 Copper Trail Fund Investments LP Interests (CTMH, LP) (9) — — — 588 — — 588 Other — — — — — — — Total Control Investments $ 631 $ (686) $ 809 $ 50,303 $ 1,189 $ 1,586 $ 49,906 Affiliate Investments AFG Capital Group, LLC Preferred Member Units (8) $ — $ — $ — $ 2,350 $ — $ — $ 2,350 ASK (Analytical Systems Keco Holdings, LLC) L+ 10.00% Secured Debt (8) — — 1 (2) — — (2) 14.75% L+ 10.00% Secured Debt (8) — — 47 1,135 5 18 1,122 14.13% Preferred Member Units (8) — — — — — — — Preferred Member Units (8) — 20 — 880 20 — 900 Warrants (8) — — — — — — — ATX Networks Corp. L+ 7.50% Secured Debt (6) — (102) 682 6,368 545 6,913 — 10.00% Unsecured Debt (6) — (276) 1,135 2,614 1,135 3,749 — Common Stock (6) 3,178 (3,290) — 3,290 3,178 6,468 — Barfly Ventures, LLC Member Units (5) — (93) — 1,107 — 94 1,013 Batjer TopCo, LLC Secured Debt (8) — — — (1) — — (1) 11.00% Secured Debt (8) — — 36 1,205 2 50 1,157 Preferred Stock (8) — 225 19 455 225 — 680 Brewer Crane Holdings, LLC 14.66% L+ 10.00% Secured Debt (9) — — 53 1,491 — 31 1,460 Preferred Member Units (9) — (130) 8 1,770 — 130 1,640 Centre Technologies Holdings, LLC L+ 9.00% Secured Debt (12) (8) — — 1 — — — — 13.75% L+ 9.00% Secured Debt (8) — — 130 3,731 2 — 3,733 Preferred Member Units (8) — 150 8 2,170 150 — 2,320 Chamberlin Holding LLC SF+ 6.00% Secured Debt (12) (8) — — 1 — — — — 12.86% SF+ 8.00% Secured Debt (8) — (3) 137 4,236 3 3 4,236 Member Units (8) — (30) 71 5,728 — 28 5,700 Member Units (8) — 30 6 678 30 — 708 Charps, LLC Preferred Member Units (5) — 60 49 3,330 60 — 3,390 Clad-Rex Steel, LLC SF+ 9.00% Secured Debt (12) (5) — — — — — — — 13.79% SF+ 9.00% Secured Debt (5) — — 89 2,620 — 120 2,500 10.00% Secured Debt (5) — — 7 260 — 2 258 Member Units (5) — (270) 13 2,060 — 270 1,790 Member Units (5) — 55 — 152 55 — 207 Cody Pools, Inc. 15.50% L+ 10.50% Secured Debt (12) (8) — 2 11 273 3 80 196 Company Total Rate Base Rate Spread PIK Rate Type of Investment (1)(10)(11) Geography Amount of Amount of Amount of December 31, Gross Gross March 31, 15.50% L+ 10.50% Secured Debt (8) — (7) 268 6,882 7 83 6,806 Preferred Member Units (8) — 240 7 14,550 240 — 14,790 Colonial Electric Company LLC Secured Debt (12) (6) — — — — — — — 12.00% Secured Debt (6) — — 181 5,729 9 79 5,659 Preferred Member Units (6) — (240) (318) 2,290 — 240 2,050 Datacom, LLC 7.50% Secured Debt (8) — — — 25 25 — 50 10.00% Secured Debt (8) — — 30 865 6 7 864 Preferred Member Units (8) — — — 300 — — 300 Digital Products Holdings LLC 14.75% L+ 10.00% Secured Debt (5) — — 144 3,878 5 82 3,801 Preferred Member Units (5) — — 13 2,459 — — 2,459 Direct Marketing Solutions, Inc. Secured Debt (12) (9) — — 1 — — — — 14.00% Secured Debt (9) — (4) 189 5,352 4 84 5,272 Preferred Stock (9) — (130) 43 5,558 — 128 5,430 Flame King Holdings, LLC 11.25% L+ 6.50% Secured Debt (12) (9) — (1) 54 1,900 1 1 1,900 13.75% L+ 9.00% Secured Debt (9) — (8) 188 5,300 8 8 5,300 Preferred Equity (9) — 900 134 4,400 900 — 5,300 Freeport Financial Funds LP Interests (Freeport First Lien Loan Fund III LP) (12) (5) — — 134 5,848 — 536 5,312 Gamber-Johnson Holdings, LLC SF+ 8.50% Secured Debt (12) (5) — — — — — — — 11.50% SF+ 8.50% Secured Debt (5) — (17) 474 16,020 17 217 15,820 Member Units (5) — 2,117 393 12,720 2,120 — 14,840 GFG Group, LLC. 9.00% Secured Debt (5) — (4) 68 2,836 4 4 2,836 Preferred Member Units (5) — 110 10 1,790 110 — 1,900 Gulf Publishing Holdings, LLC L+ 9.50% Secured Debt (12) (8) — — — — — — — 12.50% Secured Debt (8) — — 19 571 — — 571 Preferred Equity (8) — — — 950 — — 950 Member Units (8) — — — — — — — HPEP 3, L.P. LP Interests (HPEP 3, L.P.) (8) — 113 — 4,331 113 508 3,936 Kickhaefer Manufacturing Company, LLC 12.00% Secured Debt (5) — — 199 5,093 53 — 5,146 9.00% Secured Debt (5) — — 22 961 — 3 958 Preferred Equity (5) — — — 1,800 — — 1,800 Member Units (5) — (18) 7 713 — 18 695 Market Force Information, LLC 12.00% 12.00% Secured Debt (9) — (403) — 403 — 403 — Member Units (9) — — — — — — — MH Corbin Holding LLC 13.00% Secured Debt (5) — 238 49 1,137 238 29 1,346 Preferred Member Units (5) — — — — — — — Preferred Member Units (5) — — — — — — — Mystic Logistics Holdings, LLC Secured Debt (12) (6) — — — — — — — 10.00% Secured Debt (6) — — 36 1,436 — — 1,436 Common Stock (6) — 545 248 5,708 545 — 6,253 NexRev LLC Secured Debt (8) — — — — — — — 11.00% Secured Debt (8) — 249 81 2,119 255 157 2,217 Preferred Member Units (8) — 470 33 280 470 — 750 Company Total Rate Base Rate Spread PIK Rate Type of Investment (1)(10)(11) Geography Amount of Amount of Amount of December 31, Gross Gross March 31, NuStep, LLC 11.25% L+ 6.50% Secured Debt (5) — — 31 1,100 — — 1,100 12.00% Secured Debt (5) — — 139 4,603 1 — 4,604 Preferred Member Units (5) — (100) — 2,010 — 100 1,910 Preferred Member Units (5) — — — 1,290 — — 1,290 Oneliance, LLC 15.75% L+ 11.00% Secured Debt (7) — — 56 1,380 2 21 1,361 Preferred Stock (7) — — — 264 — — 264 Orttech Holdings, LLC L+ 11.00% Secured Debt (12) (5) — — — (2) — — (2) 15.75% L+ 11.00% Secured Debt (5) — — 236 5,814 9 200 5,623 Preferred Stock (5) — 430 67 2,940 430 — 3,370 Robbins Bros. Jewelry, Inc. Secured Debt (12) (9) — — 1 (8) 1 — (7) 12.50% Secured Debt (9) — — 127 3,902 4 24 3,882 Preferred Equity (9) — (550) — 1,650 — 550 1,100 SI East, LLC Secured Debt (12) (7) — — 2 — — — — 9.50% Secured Debt (7) — (55) 755 29,929 55 1,805 28,179 Preferred Member Units (7) — — 114 4,550 — — 4,550 Sonic Systems International, LLC 12.26% L+ 7.50% Secured Debt (8) — (19) 583 18,425 19 19 18,425 Common Stock (8) — (60) 13 1,490 — 60 1,430 Student Resource Center, LLC 13.69% L+ 8.50% Secured Debt (6) — — 118 5,063 — — 5,063 Preferred Equity (6) — — — — — — — Tedder Industries, LLC 12.00% Secured Debt (9) — — 14 460 — — 460 12.00% Secured Debt (9) — — 115 3,780 1 — 3,781 Preferred Member Units (9) — (202) — 1,920 — 202 1,718 Preferred Member Units (9) — 28 — — 83 — 83 Trantech Radiator Topco, LLC Secured Debt (12) (7) — (1) 1 — 1 1 — 12.00% Secured Debt (7) — (3) 63 1,980 3 3 1,980 Common Stock (7) — 380 7 1,950 380 — 2,330 Volusion, LLC 10.00% Secured Debt (8) — — — — 900 — 900 Secured Debt (8) (1,366) 780 71 6,392 — 6,392 — Unsecured Convertible Debt (8) (175) 175 — — 175 175 — Preferred Member Units (8) — — — — — — — Preferred Member Units (8) — — — — 4,906 — 4,906 Preferred Member Units (8) — — — — — — — Common Stock (8) — (1,104) — — 1,104 1,104 — Warrants (8) — 1,104 — — — — — VVS Holdco, LLC L+ 6.00% Secured Debt (12) (5) — — 2 (5) 1 1 (5) 11.50% Secured Debt (5) — — 230 7,421 11 — 7,432 Preferred Equity (5) — 20 9 2,990 20 — 3,010 Other — — (71) (6,392) (175) (6,567) — Total Affiliate investments $ 1,637 $ 1,321 $ 7,894 $ 277,000 $ 18,474 $ 24,633 $ 270,841 ___________________________________________________ (1) The principal amount, the ownership detail for equity investments and if the investment is income producing is included in the Consolidated Schedule of Investments included in Item 1. Consolidated Financial Statements of this Quarterly Report on Form 10-Q. (2) Represents the total amount of interest, fees and dividends credited to income for the portion of the period for which an investment was included in Control or Affiliate categories, respectively. For investments transferred between Control and Affiliate categories during the period, any income or investment balances related to the time period it was in the category other than the one shown at period end is included in “Amounts related to investments transferred from other 1940 Act classifications during the period.” (3) Gross additions include increases in the cost basis of investments resulting from new portfolio investments, follow-on investments and accrued PIK interest, and the exchange of one or more existing securities for one or more new securities. Gross additions also include net increases in unrealized appreciation or net decreases in net unrealized depreciation as well as the movement of an existing portfolio company into this category and out of a different category. (4) Gross reductions include decreases in the cost basis of investments resulting from principal repayments or sales and the exchange of one or more existing securities for one or more new securities. Gross reductions also include net increases in net unrealized depreciation or net decreases in unrealized appreciation as well as the movement of an existing portfolio company out of this category and into a different category. (5) Portfolio company located in the Midwest region as determined by location of the corporate headquarters. The fair value as of March 31, 2023 for affiliate investments located in this region was $94,403. This represented 15.5% of net assets as of March 31, 2023. (6) Portfolio company located in the Northeast region as determined by location of the corporate headquarters. The fair value as of March 31, 2023 for affiliate investments located in this region was $20,461. This represented 3.4% of net assets as of March 31, 2023. (7) Portfolio company located in the Southeast region as determined by location of the corporate headquarters. The fair value as of March 31, 2023 for affiliate investments located in this region was $38,664. This represented 6.4% of net assets as of March 31, 2023. (8) Portfolio company located in the Southwest region as determined by location of the corporate headquarters. The fair value as of March 31, 2023 for control investments located in this region was $49,318. This represented 8.1% of net assets as of March 31, 2023. The fair value as of March 31, 2023 for affiliate investments located in this region was $79,994. This represented 13.2% of net assets as of March 31, 2023. (9) Portfolio company located in the West region as determined by location of the corporate headquarters. The fair value as of March 31, 2023 for control investments located in this region was $588. This represented 0.1% of net assets as of March 31, 2023. The fair value as of March 31, 2023 for affiliate investments located in this region was $37,319. This represented 6.1% of net assets as of March 31, 2023. (10) All of the Company’s portfolio investments are generally subject to restrictions on resale as “restricted securities,” unless otherwise noted. (11) This schedule should be read in conjunction with the Consolidated Schedule of Investments and Notes to the Consolidated Financial Statements included in Item 1. Consolidated Financial Statements of this Quarterly Report on Form 10-Q. Supplemental information can be located within the Consolidated Schedule of Investments including end of period interest rate, preferred dividend rate, maturity date, investments not paid currently in cash and investments whose value was determined using significant unobservable inputs. (12) Investment has an unfunded commitment as of March 31, 2023 (see Note I). The fair value of the investment includes the impact of the fair value of any unfunded commitments. (13) Negative fair value is the result of the capitalized discount being greater than the principal amount outstanding on the loan. |
SUMMARY OF SIGNIFICANT ACCOUN_4
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) $ in Millions | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2024 USD ($) company | Mar. 31, 2023 company | Mar. 31, 2024 USD ($) company | Dec. 31, 2023 USD ($) | |
Schedule of Investments [Line Items] | ||||
Cash equivalents | $ | $ 13.6 | $ 13.6 | $ 20.8 | |
Cash balances exceeded federal deposit insurance corporation insurance protection levels | $ | $ 10.8 | $ 10.8 | $ 9 | |
Percentage of total investment income, attributable to noncash paid-in-kind interest income (as a percent) | 4.50% | 3.80% | ||
Percentage of total investment income, attributable to noncash cumulative dividend income (as a percent) | 0.10% | 0.10% | ||
Percentage of total investment income, attributable to interest income, debt investments, net (as a percent) | 2.50% | 2.50% | ||
Investment Owned, At Fair Value | Investment Type Concentration Risk | ||||
Schedule of Investments [Line Items] | ||||
Concentration risk, percentage (as a percent) | 100% | 100% | ||
Investment Owned, At Fair Value | Investment Type Concentration Risk | Nonperforming Financial Instruments | ||||
Schedule of Investments [Line Items] | ||||
Concentration risk, percentage (as a percent) | 0.70% | 1.10% | ||
Investment Owned, At Cost | Investment Type Concentration Risk | ||||
Schedule of Investments [Line Items] | ||||
Concentration risk, percentage (as a percent) | 100% | 100% | ||
Investment Owned, At Cost | Investment Type Concentration Risk | Nonperforming Financial Instruments | ||||
Schedule of Investments [Line Items] | ||||
Concentration risk, percentage (as a percent) | 3.60% | 4% | ||
Private Loan portfolio investments | ||||
Schedule of Investments [Line Items] | ||||
Consultation period subsequent to initial investment | 12 months | |||
Investment company, number of portfolio companies with annual third-party appraisal was obtained, reviewed and certified | company | 14 | 14 | 55 | |
Percentage of portfolio with annual third-party appraisal was obtained, reviewed and certified (as a percent) | 91% | |||
Private Loan portfolio investments | Investment Owned, At Fair Value | Investment Type Concentration Risk | ||||
Schedule of Investments [Line Items] | ||||
Concentration risk, percentage (as a percent) | 21% | 24% | 78% | |
LMM portfolio investments | ||||
Schedule of Investments [Line Items] | ||||
Consultation period subsequent to initial investment | 12 months | |||
Investment company, number of portfolio companies with annual third-party appraisal was obtained, reviewed and certified | company | 12 | 13 | 46 | |
Percentage of portfolio with annual third-party appraisal was obtained, reviewed and certified (as a percent) | 99% | |||
LMM portfolio investments | Investment Owned, At Fair Value | Investment Type Concentration Risk | ||||
Schedule of Investments [Line Items] | ||||
Concentration risk, percentage (as a percent) | 26% | 39% | 94% | |
Middle Market portfolio investments | ||||
Schedule of Investments [Line Items] | ||||
Percentage of portfolio investments containing limited consultation with financial advisory services firm (as a percent) | 96% | 96% | 97% | |
Other Portfolio investments | Investment Owned, At Fair Value | Investment Type Concentration Risk | ||||
Schedule of Investments [Line Items] | ||||
Concentration risk, percentage (as a percent) | 2.20% | 2.30% | ||
Other Portfolio investments | Investment Owned, At Cost | Investment Type Concentration Risk | ||||
Schedule of Investments [Line Items] | ||||
Concentration risk, percentage (as a percent) | 2% | 2.10% |
SUMMARY OF SIGNIFICANT ACCOUN_5
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Investment Income (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Accounting Policies [Abstract] | ||
Interest income | $ 29,059 | $ 28,932 |
Dividend income | 2,472 | 1,559 |
Fee income | 2,419 | 555 |
Total interest, fee and dividend income | $ 33,950 | $ 31,046 |
FAIR VALUE HIERARCHY FOR INVE_3
FAIR VALUE HIERARCHY FOR INVESTMENTS—PORTFOLIO COMPOSITION - Schedule of Fair Value Measurement Inputs and Valuation Techniques (Details) $ in Thousands | Mar. 31, 2024 USD ($) | Dec. 31, 2023 USD ($) | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Total Level 3 investments | $ 1,115,982 | [1] | $ 1,092,895 | [2] |
Significant Unobservable Inputs | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Total Level 3 investments | $ 1,115,982 | $ 1,092,895 | ||
Significant Unobservable Inputs | Minimum | EBITDA multiple, outlier | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Measurement input | 2 | 2 | ||
Significant Unobservable Inputs | Minimum | Risk adjusted discount factor, outlier | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Measurement input | 0.080 | 0.080 | ||
Significant Unobservable Inputs | Maximum | EBITDA multiple, outlier | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Measurement input | 15.7 | 15.7 | ||
Significant Unobservable Inputs | Maximum | Risk adjusted discount factor, outlier | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Measurement input | 0.319 | 0.273 | ||
Significant Unobservable Inputs | Equity investments | Discounted cash flow | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Total Level 3 investments | $ 256,254 | $ 254,770 | ||
Significant Unobservable Inputs | Equity investments | Discounted cash flow | Minimum | WACC | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Measurement input | 0.107 | 0.109 | ||
Significant Unobservable Inputs | Equity investments | Discounted cash flow | Maximum | WACC | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Measurement input | 0.224 | 0.225 | ||
Significant Unobservable Inputs | Equity investments | Discounted cash flow | Weighted Average | WACC | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Measurement input | 0.142 | 0.144 | ||
Significant Unobservable Inputs | Equity investments | Discounted cash flow | Median | WACC | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Measurement input | 0.151 | 0.155 | ||
Significant Unobservable Inputs | Equity investments | Market comparable / Enterprise value | Minimum | EBITDA multiple | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Measurement input | 4.3 | 4.9 | ||
Significant Unobservable Inputs | Equity investments | Market comparable / Enterprise value | Maximum | EBITDA multiple | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Measurement input | 9.4 | 9.2 | ||
Significant Unobservable Inputs | Equity investments | Market comparable / Enterprise value | Weighted Average | EBITDA multiple | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Measurement input | 7.3 | 7.3 | ||
Significant Unobservable Inputs | Equity investments | Market comparable / Enterprise value | Median | EBITDA multiple | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Measurement input | 6.5 | 6.5 | ||
Significant Unobservable Inputs | Debt investments | Discounted cash flow | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Total Level 3 investments | $ 798,929 | $ 777,003 | ||
Significant Unobservable Inputs | Debt investments | Discounted cash flow | Minimum | Risk adjusted discount factor | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Measurement input | 0.096 | 0.098 | ||
Significant Unobservable Inputs | Debt investments | Discounted cash flow | Minimum | Expected principal recovery percentage | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Measurement input | 0.003 | 0.006 | ||
Significant Unobservable Inputs | Debt investments | Discounted cash flow | Maximum | Risk adjusted discount factor | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Measurement input | 0.170 | 0.168 | ||
Significant Unobservable Inputs | Debt investments | Discounted cash flow | Maximum | Expected principal recovery percentage | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Measurement input | 1 | 1 | ||
Significant Unobservable Inputs | Debt investments | Discounted cash flow | Weighted Average | Risk adjusted discount factor | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Measurement input | 0.133 | 0.131 | ||
Significant Unobservable Inputs | Debt investments | Discounted cash flow | Weighted Average | Expected principal recovery percentage | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Measurement input | 0.993 | 0.996 | ||
Significant Unobservable Inputs | Debt investments | Discounted cash flow | Median | Risk adjusted discount factor | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Measurement input | 0.126 | 0.128 | ||
Significant Unobservable Inputs | Debt investments | Discounted cash flow | Median | Expected principal recovery percentage | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Measurement input | 1 | 1 | ||
Significant Unobservable Inputs | Debt investments | Market approach | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Total Level 3 investments | $ 60,799 | $ 61,122 | ||
Significant Unobservable Inputs | Debt investments | Market approach | Minimum | Third-party quote | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Measurement input | 38.3 | 4.5 | ||
Significant Unobservable Inputs | Debt investments | Market approach | Maximum | Third-party quote | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Measurement input | 100.5 | 99.2 | ||
Significant Unobservable Inputs | Debt investments | Market approach | Weighted Average | Third-party quote | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Measurement input | 85.2 | 85 | ||
Significant Unobservable Inputs | Debt investments | Market approach | Median | Third-party quote | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||
Measurement input | 91.5 | 89.5 | ||
[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. 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. |
FAIR VALUE HIERARCHY FOR INVE_4
FAIR VALUE HIERARCHY FOR INVESTMENTS—PORTFOLIO COMPOSITION - Schedule of Level 3 Portfolio Investments (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Investments | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Beginning balance | $ 1,092,895 | $ 1,068,143 |
Transfers Into Level 3 Hierarchy | 0 | 0 |
Redemptions/ Repayments | (54,323) | (24,416) |
New Investments | 78,544 | 27,507 |
Other | 0 | 0 |
Ending balance | 1,115,982 | 1,067,094 |
Investments | Net Changes from Unrealized to Realized | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Gain (loss) included in earnings | 1,557 | (2,406) |
Investments | Net Unrealized Appreciation (Depreciation) | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Gain (loss) included in earnings | (2,691) | (1,734) |
Debt investments | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Beginning balance | 838,125 | 852,282 |
Transfers Into Level 3 Hierarchy | 0 | 0 |
Redemptions/ Repayments | (50,999) | (23,105) |
New Investments | 75,519 | 25,679 |
Other | (166) | (4,906) |
Ending balance | 859,728 | 843,944 |
Debt investments | Net Changes from Unrealized to Realized | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Gain (loss) included in earnings | 884 | 1,403 |
Debt investments | Net Unrealized Appreciation (Depreciation) | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Gain (loss) included in earnings | (3,635) | (7,409) |
Equity investments | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Beginning balance | 254,029 | 214,687 |
Transfers Into Level 3 Hierarchy | 0 | 0 |
Redemptions/ Repayments | (3,324) | (1,311) |
New Investments | 3,025 | 1,828 |
Other | 166 | 6,011 |
Ending balance | 255,622 | 222,411 |
Equity investments | Net Changes from Unrealized to Realized | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Gain (loss) included in earnings | 673 | (3,809) |
Equity investments | Net Unrealized Appreciation (Depreciation) | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Gain (loss) included in earnings | 1,053 | 5,005 |
Equity Warrant | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Beginning balance | 741 | 1,174 |
Transfers Into Level 3 Hierarchy | 0 | 0 |
Redemptions/ Repayments | 0 | 0 |
New Investments | 0 | 0 |
Other | 0 | (1,105) |
Ending balance | 632 | 739 |
Equity Warrant | Net Changes from Unrealized to Realized | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Gain (loss) included in earnings | 0 | 0 |
Equity Warrant | Net Unrealized Appreciation (Depreciation) | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Gain (loss) included in earnings | $ (109) | $ 670 |
FAIR VALUE HIERARCHY FOR INVE_5
FAIR VALUE HIERARCHY FOR INVESTMENTS—PORTFOLIO COMPOSITION - Schedule of Investments at Fair Value Hierarchy (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investments at fair value: | $ 1,115,982 | [1] | $ 1,092,895 | [2] |
Private Loan portfolio investments | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investments at fair value: | 631,447 | 595,326 | ||
LMM portfolio investments | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investments at fair value: | 391,575 | 386,956 | ||
Middle Market portfolio investments | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investments at fair value: | 68,352 | 85,990 | ||
Other Portfolio investments | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investments at fair value: | 24,608 | 24,623 | ||
Quoted Prices in Active Markets for Identical Assets (Level 1) | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investments at fair value: | 0 | 0 | ||
Quoted Prices in Active Markets for Identical Assets (Level 1) | Private Loan portfolio investments | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investments at fair value: | 0 | 0 | ||
Quoted Prices in Active Markets for Identical Assets (Level 1) | LMM portfolio investments | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investments at fair value: | 0 | 0 | ||
Quoted Prices in Active Markets for Identical Assets (Level 1) | Middle Market portfolio investments | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investments at fair value: | 0 | 0 | ||
Quoted Prices in Active Markets for Identical Assets (Level 1) | Other Portfolio investments | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investments at fair value: | 0 | 0 | ||
Significant Other Observable Inputs (Level 2) | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investments at fair value: | 0 | 0 | ||
Significant Other Observable Inputs (Level 2) | Private Loan portfolio investments | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investments at fair value: | 0 | 0 | ||
Significant Other Observable Inputs (Level 2) | LMM portfolio investments | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investments at fair value: | 0 | 0 | ||
Significant Other Observable Inputs (Level 2) | Middle Market portfolio investments | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investments at fair value: | 0 | 0 | ||
Significant Other Observable Inputs (Level 2) | Other Portfolio investments | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investments at fair value: | 0 | 0 | ||
Significant Unobservable Inputs (Level 3) | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investments at fair value: | 1,115,982 | 1,092,895 | ||
Significant Unobservable Inputs (Level 3) | Private Loan portfolio investments | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investments at fair value: | 631,447 | 595,326 | ||
Significant Unobservable Inputs (Level 3) | LMM portfolio investments | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investments at fair value: | 391,575 | 386,956 | ||
Significant Unobservable Inputs (Level 3) | Middle Market portfolio investments | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investments at fair value: | 68,352 | 85,990 | ||
Significant Unobservable Inputs (Level 3) | Other Portfolio investments | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investments at fair value: | $ 24,608 | $ 24,623 | ||
[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. 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. |
FAIR VALUE HIERARCHY FOR INVE_6
FAIR VALUE HIERARCHY FOR INVESTMENTS—PORTFOLIO COMPOSITION - Narrative (Details) $ in Thousands | 3 Months Ended | 12 Months Ended | |||||
Mar. 31, 2024 USD ($) company entity | Mar. 31, 2023 | Mar. 31, 2024 USD ($) company entity | Dec. 31, 2023 USD ($) company entity | ||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Annualized total return on investments | 0.118 | 0.114 | |||||
Achieved total return on investments | 0.136 | ||||||
Fair value | $ 1,115,982 | [1] | $ 1,115,982 | [1] | $ 1,092,895 | [2] | |
Cost | $ 1,062,538 | [3] | $ 1,062,538 | [3] | $ 1,038,318 | [4] | |
Investment Owned, At Fair Value | Investment Type Concentration Risk | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Concentration risk, percentage (as a percent) | 100% | 100% | |||||
Investment Owned, At Cost | Investment Type Concentration Risk | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Concentration risk, percentage (as a percent) | 100% | 100% | |||||
Private Loan portfolio investments | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Number of portfolio companies | company | 79 | 79 | 78 | ||||
Fair value | $ 631,400 | $ 631,400 | $ 595,300 | ||||
Cost | $ 624,300 | $ 624,300 | $ 586,400 | ||||
Private Loan portfolio investments | Investment Owned, At Fair Value | Investment Type Concentration Risk | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Concentration risk, percentage (as a percent) | 21% | 24% | 78% | ||||
Private Loan portfolio investments | Debt investments | Investment Owned, At Cost | Investment Type Concentration Risk | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Concentration risk, percentage (as a percent) | 94.60% | 94.10% | |||||
Private Loan portfolio investments | Minimum | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Investments, per company | $ 1,000 | $ 1,000 | |||||
Private Loan portfolio investments | Minimum | Debt investments | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Investment, term | 3 years | ||||||
Private Loan portfolio investments | Maximum | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Investments, per company | $ 30,000 | $ 30,000 | |||||
Private Loan portfolio investments | Maximum | Debt investments | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Investment, term | 7 years | ||||||
LMM portfolio investments | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Number of portfolio companies | company | 51 | 51 | 50 | ||||
Fair value | $ 391,600 | $ 391,600 | $ 387,000 | ||||
Cost | $ 319,200 | $ 319,200 | $ 315,700 | ||||
LMM portfolio investments | Investment Owned, At Fair Value | Investment Type Concentration Risk | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Concentration risk, percentage (as a percent) | 26% | 39% | 94% | ||||
LMM portfolio investments | Debt investments | Investment Owned, At Cost | Investment Type Concentration Risk | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Concentration risk, percentage (as a percent) | 70.30% | 70.20% | |||||
LMM portfolio investments | Minimum | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Investments, per company | $ 1,000 | $ 1,000 | |||||
Investments, annual revenues per company | $ 10,000 | ||||||
LMM portfolio investments | Minimum | Debt investments | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Investment, term | 5 years | ||||||
LMM portfolio investments | Maximum | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Investments, per company | $ 20,000 | $ 20,000 | |||||
Investments, annual revenues per company | $ 150,000 | ||||||
LMM portfolio investments | Maximum | Debt investments | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Investment, term | 7 years | ||||||
Middle Market portfolio investments | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Number of portfolio companies | company | 15 | 15 | 16 | ||||
Fair value | $ 68,400 | $ 68,400 | $ 86,000 | ||||
Cost | $ 97,700 | 97,700 | $ 114,700 | ||||
Middle Market portfolio investments | Debt investments | Investment Owned, At Cost | Investment Type Concentration Risk | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Concentration risk, percentage (as a percent) | 91.70% | 93.10% | |||||
Middle Market portfolio investments | Minimum | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Investments, per company | $ 1,000 | 1,000 | |||||
Investments, annual revenues per company | $ 150,000 | ||||||
Middle Market portfolio investments | Minimum | Debt investments | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Investment, term | 3 years | ||||||
Middle Market portfolio investments | Maximum | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Investments, per company | $ 20,000 | $ 20,000 | |||||
Investments, annual revenues per company | $ 1,500,000 | ||||||
Middle Market portfolio investments | Maximum | Debt investments | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Investment, term | 7 years | ||||||
Other Portfolio investments | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Number of portfolio companies | entity | 4 | 4 | 4 | ||||
Fair value | $ 24,600 | $ 24,600 | $ 24,600 | ||||
Cost | $ 21,400 | $ 21,400 | $ 21,500 | ||||
Other Portfolio investments | Investment Owned, At Fair Value | Investment Type Concentration Risk | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Concentration risk, percentage (as a percent) | 2.20% | 2.30% | |||||
Other Portfolio investments | Investment Owned, At Cost | Investment Type Concentration Risk | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Concentration risk, percentage (as a percent) | 2% | 2.10% | |||||
Other Portfolio investments | Minimum | Debt investments | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Investment, term | 5 years | ||||||
Other Portfolio investments | Maximum | Debt investments | |||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||||||
Investment, term | 10 years | ||||||
[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. 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. 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. 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. |
FAIR VALUE HIERARCHY FOR INVE_7
FAIR VALUE HIERARCHY FOR INVESTMENTS—PORTFOLIO COMPOSITION - Schedule of Investments (Details) $ in Thousands | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2024 USD ($) company | Dec. 31, 2023 USD ($) company | |||
Summary of Investment Holdings [Line Items] | ||||
Fair value | $ 1,115,982 | [1] | $ 1,092,895 | [2] |
Cost | $ 1,062,538 | [3] | $ 1,038,318 | [4] |
Investment Owned, At Cost | Investment Type Concentration Risk | ||||
Summary of Investment Holdings [Line Items] | ||||
Concentration risk, percentage (as a percent) | 100% | 100% | ||
Investment Owned, At Cost | Investment Type Concentration Risk | Nonperforming Financial Instruments | ||||
Summary of Investment Holdings [Line Items] | ||||
Concentration risk, percentage (as a percent) | 3.60% | 4% | ||
Investment Owned, At Cost | Investment Type Concentration Risk | Equity investments | ||||
Summary of Investment Holdings [Line Items] | ||||
Concentration risk, percentage (as a percent) | 12.90% | 13.30% | ||
Investment Owned, At Cost | Investment Type Concentration Risk | First lien debt | ||||
Summary of Investment Holdings [Line Items] | ||||
Concentration risk, percentage (as a percent) | 86.90% | 86.50% | ||
Private Loan portfolio investments | ||||
Summary of Investment Holdings [Line Items] | ||||
Number of portfolio companies | company | 79 | 78 | ||
Fair value | $ 631,400 | $ 595,300 | ||
Cost | $ 624,300 | $ 586,400 | ||
Weighted-average annual effective yield (as a percent) | 13% | 13.10% | ||
Average EBITDA | $ 34,700 | $ 30,500 | ||
Investment company, number of companies within portfolio excluded from EBITDA calculation | company | 1 | 1 | ||
Private Loan portfolio investments | Nonperforming Financial Instruments | ||||
Summary of Investment Holdings [Line Items] | ||||
Weighted-average annual effective yield (as a percent) | 12.60% | 12.60% | ||
Private Loan portfolio investments | Investment Owned, At Cost | Investment Type Concentration Risk | Debt investments | ||||
Summary of Investment Holdings [Line Items] | ||||
Concentration risk, percentage (as a percent) | 94.60% | 94.10% | ||
Private Loan portfolio investments | Investment Owned, At Cost | Investment Type Concentration Risk | Equity investments | ||||
Summary of Investment Holdings [Line Items] | ||||
Concentration risk, percentage (as a percent) | 5.40% | 5.90% | ||
Private Loan portfolio investments | Investment Owned, At Cost | Investment Type Concentration Risk | First lien debt | ||||
Summary of Investment Holdings [Line Items] | ||||
Concentration risk, percentage (as a percent) | 99.90% | 100% | ||
LMM portfolio investments | ||||
Summary of Investment Holdings [Line Items] | ||||
Number of portfolio companies | company | 51 | 50 | ||
Fair value | $ 391,600 | $ 387,000 | ||
Cost | $ 319,200 | $ 315,700 | ||
Weighted-average annual effective yield (as a percent) | 13% | 13% | ||
Average EBITDA | $ 9,200 | $ 8,800 | ||
Diluted equity ownership percentage (as a percent) | 9% | 9% | ||
Investment company, number of companies within portfolio excluded from EBITDA calculation | company | 2 | |||
LMM portfolio investments | Nonperforming Financial Instruments | ||||
Summary of Investment Holdings [Line Items] | ||||
Weighted-average annual effective yield (as a percent) | 13% | 13% | ||
LMM portfolio investments | Investment Owned, At Cost | Investment Type Concentration Risk | Debt investments | ||||
Summary of Investment Holdings [Line Items] | ||||
Concentration risk, percentage (as a percent) | 70.30% | 70.20% | ||
LMM portfolio investments | Investment Owned, At Cost | Investment Type Concentration Risk | Equity investments | ||||
Summary of Investment Holdings [Line Items] | ||||
Concentration risk, percentage (as a percent) | 29.70% | 29.80% | ||
LMM portfolio investments | Investment Owned, At Cost | Investment Type Concentration Risk | First lien debt | ||||
Summary of Investment Holdings [Line Items] | ||||
Concentration risk, percentage (as a percent) | 99.90% | 99.90% | ||
Middle Market portfolio investments | ||||
Summary of Investment Holdings [Line Items] | ||||
Number of portfolio companies | company | 15 | 16 | ||
Fair value | $ 68,400 | $ 86,000 | ||
Cost | $ 97,700 | $ 114,700 | ||
Weighted-average annual effective yield (as a percent) | 13.40% | 13% | ||
Average EBITDA | $ 62,500 | $ 74,200 | ||
Investment company, number of companies within portfolio excluded from EBITDA calculation | company | 1 | |||
Middle Market portfolio investments | Nonperforming Financial Instruments | ||||
Summary of Investment Holdings [Line Items] | ||||
Weighted-average annual effective yield (as a percent) | 10.10% | 9.90% | ||
Middle Market portfolio investments | Investment Owned, At Cost | Investment Type Concentration Risk | Debt investments | ||||
Summary of Investment Holdings [Line Items] | ||||
Concentration risk, percentage (as a percent) | 91.70% | 93.10% | ||
Middle Market portfolio investments | Investment Owned, At Cost | Investment Type Concentration Risk | Equity investments | ||||
Summary of Investment Holdings [Line Items] | ||||
Concentration risk, percentage (as a percent) | 8.30% | 6.90% | ||
Middle Market portfolio investments | Investment Owned, At Cost | Investment Type Concentration Risk | First lien debt | ||||
Summary of Investment Holdings [Line Items] | ||||
Concentration risk, percentage (as a percent) | 99.90% | 100% | ||
[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. 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. 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. 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. |
FAIR VALUE HIERARCHY FOR INVE_8
FAIR VALUE HIERARCHY FOR INVESTMENTS—PORTFOLIO COMPOSITION - Percentage of Portfolio Investments by Type of Investment (Details) - Investment Type Concentration Risk | 3 Months Ended | 12 Months Ended |
Mar. 31, 2024 | Dec. 31, 2023 | |
Investment Owned, At Cost | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 100% | 100% |
Investment Owned, At Cost | First lien debt | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 86.90% | 86.50% |
Investment Owned, At Cost | Equity | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 12.90% | 13.30% |
Investment Owned, At Cost | Second lien debt | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 0% | 0% |
Investment Owned, At Cost | Equity Warrant | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 0.20% | 0.20% |
Investment Owned, At Cost | Other Portfolio investments | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 0% | 0% |
Investment Owned, At Fair Value | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 100% | 100% |
Investment Owned, At Fair Value | First lien debt | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 78.70% | 78.40% |
Investment Owned, At Fair Value | Equity | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 21.20% | 21.50% |
Investment Owned, At Fair Value | Second lien debt | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 0% | 0% |
Investment Owned, At Fair Value | Equity Warrant | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 0.10% | 0.10% |
Investment Owned, At Fair Value | Other Portfolio investments | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 0% | 0% |
FAIR VALUE HIERARCHY FOR INVE_9
FAIR VALUE HIERARCHY FOR INVESTMENTS—PORTFOLIO COMPOSITION - Percentage of Portfolio Investments by Geographical Regions (Details) - Geographic Concentration Risk | 3 Months Ended | 12 Months Ended |
Mar. 31, 2024 | Dec. 31, 2023 | |
Investment Owned, At Cost | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 100% | 100% |
Investment Owned, At Fair Value | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 100% | 100% |
Northeast | Investment Owned, At Cost | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 22% | 21.90% |
Northeast | Investment Owned, At Fair Value | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 21.60% | 21.60% |
Southwest | Investment Owned, At Cost | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 21.30% | 23.80% |
Southwest | Investment Owned, At Fair Value | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 24.40% | 26.80% |
West | Investment Owned, At Cost | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 18.80% | 17% |
West | Investment Owned, At Fair Value | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 18% | 16.40% |
Southeast | Investment Owned, At Cost | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 18.60% | 17.80% |
Southeast | Investment Owned, At Fair Value | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 16% | 15% |
Midwest | Investment Owned, At Cost | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 17.50% | 17.60% |
Midwest | Investment Owned, At Fair Value | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 18.20% | 18.30% |
Canada | Investment Owned, At Cost | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 0.80% | 0.80% |
Canada | Investment Owned, At Fair Value | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 0.80% | 0.80% |
Other Non-United States | Investment Owned, At Cost | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 1% | 1.10% |
Other Non-United States | Investment Owned, At Fair Value | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 1% | 1.10% |
FAIR VALUE HIERARCHY FOR INV_10
FAIR VALUE HIERARCHY FOR INVESTMENTS—PORTFOLIO COMPOSITION - Percentage of Portfolio Investments by Industry Sector (Details) - Industry Concentration Risk | 3 Months Ended | 12 Months Ended |
Mar. 31, 2024 | Dec. 31, 2023 | |
Investment Owned, At Cost | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 100% | 100% |
Investment Owned, At Cost | Internet Software & Services | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 8.60% | 8.80% |
Investment Owned, At Cost | Commercial Services & Supplies | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 8% | 8.50% |
Investment Owned, At Cost | Diversified Consumer Services | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 5.90% | 5.40% |
Investment Owned, At Cost | Machinery | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 5.50% | 5.80% |
Investment Owned, At Cost | Professional Services | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 5.50% | 5.70% |
Investment Owned, At Cost | IT Services | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 5.30% | 5.20% |
Investment Owned, At Cost | Health Care Providers & Services | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 4.90% | 6.50% |
Investment Owned, At Cost | Containers & Packaging | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 4.20% | 4.30% |
Investment Owned, At Cost | Distributors | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 4.20% | 4.40% |
Investment Owned, At Cost | Electrical Equipment | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 3.80% | 2.20% |
Investment Owned, At Cost | Leisure Equipment & Products | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 3.60% | 3.70% |
Investment Owned, At Cost | Textiles, Apparel & Luxury Goods | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 3.10% | 3.10% |
Investment Owned, At Cost | Specialty Retail | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 2.90% | 2.90% |
Investment Owned, At Cost | Communications Equipment | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 2.70% | 2.70% |
Investment Owned, At Cost | Computers & Peripherals | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 2.70% | 2.90% |
Investment Owned, At Cost | Building Products | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 2.50% | 2.10% |
Investment Owned, At Cost | Construction & Engineering | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 2.50% | 2.50% |
Investment Owned, At Cost | Aerospace & Defense | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 2.40% | 2.60% |
Investment Owned, At Cost | Media | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 2.40% | 2.50% |
Investment Owned, At Cost | Diversified Financial Services | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 2% | 2.10% |
Investment Owned, At Cost | Hotels, Restaurants & Leisure | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 2% | 2.10% |
Investment Owned, At Cost | Household Products | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 2% | 2% |
Investment Owned, At Cost | Energy Equipment & Services | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 1.70% | 0.50% |
Investment Owned, At Cost | Internet & Catalog Retail | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 1.70% | 1.60% |
Investment Owned, At Cost | Food & Staples Retailing | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 1.60% | 1.50% |
Investment Owned, At Cost | Software | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 1.50% | 1.40% |
Investment Owned, At Cost | Health Care Equipment & Supplies | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 1.20% | 1.30% |
Investment Owned, At Cost | Other | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 5.60% | 5.70% |
Investment Owned, At Fair Value | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 100% | 100% |
Investment Owned, At Fair Value | Internet Software & Services | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 7.10% | 7.30% |
Investment Owned, At Fair Value | Commercial Services & Supplies | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 6.90% | 7.30% |
Investment Owned, At Fair Value | Diversified Consumer Services | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 6.90% | 6.50% |
Investment Owned, At Fair Value | Machinery | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 6.90% | 7.20% |
Investment Owned, At Fair Value | Professional Services | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 5.40% | 5.50% |
Investment Owned, At Fair Value | IT Services | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 5.20% | 5% |
Investment Owned, At Fair Value | Health Care Providers & Services | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 4.30% | 6% |
Investment Owned, At Fair Value | Containers & Packaging | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 4.60% | 4.60% |
Investment Owned, At Fair Value | Distributors | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 4.60% | 4.60% |
Investment Owned, At Fair Value | Electrical Equipment | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 3.80% | 2.30% |
Investment Owned, At Fair Value | Leisure Equipment & Products | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 3.10% | 3.30% |
Investment Owned, At Fair Value | Textiles, Apparel & Luxury Goods | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 2.80% | 2.90% |
Investment Owned, At Fair Value | Specialty Retail | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 2.80% | 2.90% |
Investment Owned, At Fair Value | Communications Equipment | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 1.10% | 1.10% |
Investment Owned, At Fair Value | Computers & Peripherals | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 4.70% | 4.60% |
Investment Owned, At Fair Value | Building Products | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 2.30% | 1.90% |
Investment Owned, At Fair Value | Construction & Engineering | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 3.20% | 3.10% |
Investment Owned, At Fair Value | Aerospace & Defense | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 2.40% | 2.50% |
Investment Owned, At Fair Value | Media | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 2.50% | 2.60% |
Investment Owned, At Fair Value | Diversified Financial Services | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 1.90% | 2% |
Investment Owned, At Fair Value | Hotels, Restaurants & Leisure | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 1.60% | 1.60% |
Investment Owned, At Fair Value | Household Products | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 1.90% | 1.90% |
Investment Owned, At Fair Value | Energy Equipment & Services | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 1.40% | 0.30% |
Investment Owned, At Fair Value | Internet & Catalog Retail | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 1.50% | 1.50% |
Investment Owned, At Fair Value | Food & Staples Retailing | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 1.30% | 1.20% |
Investment Owned, At Fair Value | Software | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 1.90% | 1.70% |
Investment Owned, At Fair Value | Other | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 4.20% | 4.80% |
Investment Owned, At Fair Value | Construction Materials | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 2.10% | 2.20% |
Investment Owned, At Fair Value | Air Freight & Logistics | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Concentration risk, percentage (as a percent) | 1.60% | 1.60% |
DEBT - Schedule of Debt (Detail
DEBT - Schedule of Debt (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 |
Debt Instrument [Line Items] | ||
Outstanding Balance | $ 504,688 | $ 485,688 |
Unamortized Debt Issuance Costs | (771) | (845) |
Recorded Value | 503,917 | 484,843 |
Estimated Fair Value | 494,029 | 477,219 |
Unsecured Debt | Series A Notes | ||
Debt Instrument [Line Items] | ||
Outstanding Balance | 150,000 | 150,000 |
Unamortized Debt Issuance Costs | (771) | (845) |
Recorded Value | 149,229 | 149,155 |
Estimated Fair Value | 139,341 | 141,531 |
Revolving Credit Facility | Line of Credit | ||
Debt Instrument [Line Items] | ||
Recorded Value | 354,688 | 335,688 |
Revolving Credit Facility | Line of Credit | SPV Facility | ||
Debt Instrument [Line Items] | ||
Outstanding Balance | 275,688 | 203,688 |
Unamortized Debt Issuance Costs | 0 | 0 |
Recorded Value | 275,688 | 203,688 |
Estimated Fair Value | 275,688 | 203,688 |
Revolving Credit Facility | Line of Credit | Corporate Facility | ||
Debt Instrument [Line Items] | ||
Outstanding Balance | 79,000 | 132,000 |
Unamortized Debt Issuance Costs | 0 | 0 |
Recorded Value | 79,000 | 132,000 |
Estimated Fair Value | $ 79,000 | $ 132,000 |
DEBT - Schedule of Interest Exp
DEBT - Schedule of Interest Expense (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Debt Instrument [Line Items] | ||
Total Interest Expense | $ 9,549 | $ 8,334 |
Unsecured Debt | Series A Notes | ||
Debt Instrument [Line Items] | ||
Total Interest Expense | 1,590 | 1,590 |
Revolving Credit Facility | Line of Credit | SPV Facility | ||
Debt Instrument [Line Items] | ||
Total Interest Expense | 6,046 | 4,817 |
Revolving Credit Facility | Line of Credit | Corporate Facility | ||
Debt Instrument [Line Items] | ||
Total Interest Expense | $ 1,913 | $ 1,927 |
DEBT - Corporate Facility (Deta
DEBT - Corporate Facility (Details) - Revolving Credit Facility - Line of Credit - Corporate Facility | 3 Months Ended | |||
Apr. 27, 2023 | Mar. 06, 2017 | Mar. 31, 2024 USD ($) extensionOption | Mar. 31, 2023 | |
Debt Instrument [Line Items] | ||||
Line of credit facility, maximum borrowing capacity | $ 165,000,000 | |||
Line of credit facility, maximum borrowing capacity including accordion feature | $ 200,000,000 | |||
Debt instrument, number of extension options | extensionOption | 2 | |||
Debt instrument, extension option term | 1 year | |||
Debt instrument effective interest rate (as a percent) | 7.83% | |||
Debt Instrument, average interest rate (as a percent) | 7.84% | 6.93% | ||
Minimum | ||||
Debt Instrument [Line Items] | ||||
Line of credit facility, unused capacity, commitment fee percentage (as a percent) | 0.30% | |||
Line of credit facility, commitment fee percentage (as a percent) | 50% | |||
Maximum | ||||
Debt Instrument [Line Items] | ||||
Line of credit facility, unused capacity, commitment fee percentage (as a percent) | 0.625% | |||
Line of credit facility, commitment fee percentage (as a percent) | 50% | |||
SOFR | ||||
Debt Instrument [Line Items] | ||||
Debt instrument, basis spread on variable rate (as a percent) | 0.10% | |||
SOFR | Debt Variable Rate Component One | ||||
Debt Instrument [Line Items] | ||||
Debt instrument, basis spread on variable rate (as a percent) | 2.50% | |||
SOFR | Debt Variable Rate Component Two | ||||
Debt Instrument [Line Items] | ||||
Debt instrument, basis spread on variable rate (as a percent) | 1.10% | |||
Base Rate | Debt Variable Rate Component Two | ||||
Debt Instrument [Line Items] | ||||
Debt instrument, basis spread on variable rate (as a percent) | 1.40% | |||
Federal Funds Rate | Debt Variable Rate Component Two | ||||
Debt Instrument [Line Items] | ||||
Debt instrument, basis spread on variable rate (as a percent) | 0.50% |
DEBT - SPV Facility (Details)
DEBT - SPV Facility (Details) - Revolving Credit Facility - SPV Facility - Line of Credit - USD ($) | 3 Months Ended | ||
Feb. 03, 2021 | Mar. 31, 2024 | Mar. 31, 2023 | |
Debt Instrument [Line Items] | |||
Line of credit facility, maximum borrowing capacity | $ 325,000,000 | $ 300,000,000 | |
Line of credit facility, unused capacity, commitment fee percentage (as a percent) | 0.75% | ||
Line of credit facility, maximum borrowing capacity including accordion feature | $ 450,000,000 | ||
Debt instrument effective interest rate (as a percent) | 8.33% | ||
Debt Instrument, average interest rate (as a percent) | 8.33% | 7.65% | |
SOFR | |||
Debt Instrument [Line Items] | |||
Debt instrument, basis spread on variable rate (as a percent) | 3% |
DEBT - Series A Notes (Details)
DEBT - Series A Notes (Details) - Series A Notes - Unsecured Debt - USD ($) | Mar. 31, 2024 | Dec. 31, 2023 | Jan. 21, 2022 | Oct. 21, 2021 |
Debt Instrument [Line Items] | ||||
Debt instrument, face amount | $ 150,000,000 | $ 150,000,000 | $ 72,500,000 | $ 77,500,000 |
Debt instrument, interest rate, stated percentage (as a percent) | 4.04% | |||
Debt instrument, interest rate, below investment grade rating, stated percentage (as a percent) | 5.04% |
FINANCIAL HIGHLIGHTS (Details)
FINANCIAL HIGHLIGHTS (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |||
Mar. 31, 2024 | Mar. 31, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | |
Investment Company, Financial Highlights [Roll Forward] | ||||
NAV at the beginning of the period (in dollars per share) | $ 7.77 | $ 7.61 | ||
Net investment income (in dollars per share) | 0.18 | 0.18 | ||
Net realized gain (loss) (in dollars per share) | (0.02) | 0.04 | ||
Net unrealized depreciation (in dollars per share) | (0.02) | (0.06) | ||
Income tax provision (in dollars per share) | (0.01) | (0.01) | ||
Net increase in net assets resulting from operations (in dollars per share) | 0.13 | 0.15 | ||
Dividends paid from net investment income (in dollars per share) | (0.19) | (0.15) | ||
Dividends paid from capital gains (in dollars per share) | 0 | (0.03) | ||
Dividends paid or accrued (in dollars per share) | (0.19) | (0.18) | ||
Other (in dollars per share) | 0.01 | 0.01 | ||
NAV at the end of the period (in dollars per share) | $ 7.72 | $ 7.59 | ||
Shares outstanding at the end of the period (in shares) | 80,112,588 | 80,150,887 | ||
NAV at end of period | $ 618,521 | $ 608,299 | $ 622,307 | $ 609,665 |
Average NAV | 620,414 | 608,982 | ||
Average outstanding debt | $ 488,688 | $ 474,438 | ||
Investment Company, Ratio To Average Net Assets [Abstract] | ||||
Ratio of total expenses, including income tax provision, to average NAV (as a percent) | 3.62% | 2.97% | ||
Ratio of operating expenses to average NAV (as a percent) | 3.47% | 2.78% | ||
Ratio of operating expenses excluding interest expense, to average NAV (as a percent) | 1.93% | 1.41% | ||
Ratio of operating expenses, excluding interest expense and incentive fees to average NAV (as a percent) | 1.34% | 0.97% | ||
Ratio of net investment income to average NAV (as a percent) | 2.34% | 2.32% | ||
Portfolio turnover ratio (as a percent) | 4.72% | 2.34% | ||
Total return based on change in NAV (as a percent) | 1.70% | 2.01% | ||
Expense waivers | $ 2,100 | $ 1,900 | ||
Investment Company, Ratio To Average Net Assets Excluding Expense Waivers [Abstract] | ||||
Ratio of total expenses, including income tax provision, to average NAV (as a percent) | 3.97% | 3.29% | ||
Ratio of operating expenses to average NAV (as a percent) | 3.81% | 3.10% | ||
Ratio of operating expenses, excluding interest expense, to average NAV (as a percent) | 2.27% | 1.73% | ||
Ratio of operating expenses, excluding interest expense and incentive fees, to average NAV (as a percent) | 0.0169 | 0.0128 | ||
Ratio of net investment income to average NAV (as a percent) | 2.01% | 2.01% | ||
Total return based on change in NAV (as a percent) | 1.36% | 1.70% |
DIVIDENDS, DISTRIBUTIONS AND _3
DIVIDENDS, DISTRIBUTIONS AND TAXABLE INCOME - Narrative (Details) - USD ($) $ / shares in Units, $ in Millions | 3 Months Ended | ||
Mar. 31, 2024 | Mar. 31, 2023 | Dec. 31, 2023 | |
Income Tax Disclosure [Abstract] | |||
Quarterly dividend | $ 14.8 | $ 14 | |
Dividends, per share (in dollars per share) | $ 0.185 | $ 0.175 | |
Net deferred tax liabilities | $ 3.9 | $ 3.3 |
DIVIDENDS, DISTRIBUTIONS AND _4
DIVIDENDS, DISTRIBUTIONS AND TAXABLE INCOME - Schedule of Taxable Income and to Total Distributions Declared to Common Stock Reconciliation (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Income Tax Disclosure [Abstract] | ||
Net increase in net assets resulting from operations | $ 10,589 | $ 12,231 |
Net unrealized depreciation | 1,133 | 4,139 |
Income tax provision | 940 | 1,170 |
Pre-tax book income not consolidated for tax purposes | (1,261) | (2,011) |
Book income and tax income differences, including debt origination, structuring fees, dividends, realized gains and changes in estimates | 1,481 | (3,455) |
Estimated taxable income | 12,882 | 12,074 |
Taxable income earned in prior year and carried forward for distribution in current year | 14,745 | 20,674 |
Taxable income earned prior to period end and carried forward for distribution next period | (27,627) | (32,748) |
Dividend accrued as of period end and paid in the following period | 14,821 | 14,026 |
Taxable income earned to be carried forward | (12,806) | (18,722) |
Total distributions accrued or paid to common stockholders | $ 14,821 | $ 14,026 |
DIVIDENDS, DISTRIBUTIONS AND _5
DIVIDENDS, DISTRIBUTIONS AND TAXABLE INCOME - Schedule of Provision for Income Taxes (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Current tax expense: | ||
Federal | $ 53 | $ 22 |
State | 200 | 170 |
Excise | 76 | 118 |
Total current tax expense | 329 | 310 |
Deferred tax expense (benefit): | ||
Federal | 656 | 641 |
State | (45) | 219 |
Total deferred tax expense | 611 | 860 |
Total income tax provision | $ 940 | $ 1,170 |
SHARE REPURCHASES (Details)
SHARE REPURCHASES (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 10 Months Ended | 37 Months Ended | ||
Feb. 05, 2024 | Mar. 31, 2024 | Mar. 31, 2023 | Mar. 31, 2024 | Mar. 31, 2024 | |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||||
Payments for repurchase of common stock | $ 6,547 | $ 3,984 | |||
Share Repurchase Program | |||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||||
Payments for repurchase of common stock | 4,000 | $ 4,000 | $ 46,700 | ||
Dutch Auction | |||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||||
Common stock repurchased (in shares) | 357,143 | ||||
Common share repurchased price (in dollars per share) | $ 7 | ||||
Sale of stock, proceeds | $ 2,500 | ||||
Payments for repurchase of common stock | $ 2,500 | $ 10,300 | |||
Common Stock | |||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||||
Weighted-average number of shares of common stock outstanding, percentage (as a percent) | 2.50% | ||||
Percentage of cash retained dividend reinvestment plan (as a percent) | 90% | ||||
Common stock repurchased (in shares) | 875,316 | 519,489 |
DIVIDEND REINVESTMENT PLAN (Det
DIVIDEND REINVESTMENT PLAN (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Mar. 31, 2024 | Mar. 31, 2023 | |
Equity [Abstract] | ||
Percentage of shares to be issued under ceiling limit of net asset value per share (as a percent) | 2.50% | |
DRIP participation | $ 4,493 | $ 4,414 |
Shares issued for DRIP (in shares) | 564,969 | 564,377 |
COMMITMENTS AND CONTINGENCIES_2
COMMITMENTS AND CONTINGENCIES (Details) $ in Thousands | Mar. 31, 2024 USD ($) |
Other Commitments [Line Items] | |
Committed capital | $ 78,753 |
Equity | |
Other Commitments [Line Items] | |
Committed capital | 9,670 |
Debt | |
Other Commitments [Line Items] | |
Committed capital | 69,083 |
Investment, Identifier [Axis]: AAC Holdings, Inc. | |
Other Commitments [Line Items] | |
Committed capital | 71 |
Investment, Identifier [Axis]: AB Centers Acquisition Corporation | |
Other Commitments [Line Items] | |
Committed capital | 1,538 |
Investment, Identifier [Axis]: ATS Operating, LLC | |
Other Commitments [Line Items] | |
Committed capital | 200 |
Investment, Identifier [Axis]: AVEX Aviation Holdings, LLC | |
Other Commitments [Line Items] | |
Committed capital | 512 |
Investment, Identifier [Axis]: Acumera, Inc. | |
Other Commitments [Line Items] | |
Committed capital | 768 |
Investment, Identifier [Axis]: Adams Publishing Group, LLC | |
Other Commitments [Line Items] | |
Committed capital | 4 |
Investment, Identifier [Axis]: American Health Staffing Group, Inc. | |
Other Commitments [Line Items] | |
Committed capital | 1,667 |
Investment, Identifier [Axis]: Analytical Systems Keco Holdings, LLC | |
Other Commitments [Line Items] | |
Committed capital | 145 |
Investment, Identifier [Axis]: ArborWorks, LLC | |
Other Commitments [Line Items] | |
Committed capital | 530 |
Investment, Identifier [Axis]: BP Loenbro Holdings Inc. | |
Other Commitments [Line Items] | |
Committed capital | 2,569 |
Investment, Identifier [Axis]: Batjer TopCo, LLC | |
Other Commitments [Line Items] | |
Committed capital | 180 |
Investment, Identifier [Axis]: Bettercloud, Inc. | |
Other Commitments [Line Items] | |
Committed capital | 1,216 |
Investment, Identifier [Axis]: Bluestem Brands, Inc. | |
Other Commitments [Line Items] | |
Committed capital | 1,552 |
Investment, Identifier [Axis]: Bond Brand Loyalty ULC | |
Other Commitments [Line Items] | |
Committed capital | 900 |
Investment, Identifier [Axis]: Brightwood Capital Fund III, LP | |
Other Commitments [Line Items] | |
Committed capital | 22 |
Investment, Identifier [Axis]: Burning Glass Intermediate Holding Company, Inc. | |
Other Commitments [Line Items] | |
Committed capital | 1,549 |
Investment, Identifier [Axis]: CQ fluency, LLC | |
Other Commitments [Line Items] | |
Committed capital | 4,500 |
Investment, Identifier [Axis]: Career Team Holdings, LLC | |
Other Commitments [Line Items] | |
Committed capital | 300 |
Investment, Identifier [Axis]: CaseWorthy, Inc. | |
Other Commitments [Line Items] | |
Committed capital | 400 |
Investment, Identifier [Axis]: Centre Technologies Holdings, LLC | |
Other Commitments [Line Items] | |
Committed capital | 600 |
Investment, Identifier [Axis]: Chamberlin Holding LLC | |
Other Commitments [Line Items] | |
Committed capital | 400 |
Investment, Identifier [Axis]: Channel Partners Intermediateco, LLC | |
Other Commitments [Line Items] | |
Committed capital | 419 |
Investment, Identifier [Axis]: Clad-Rex Steel, LLC | |
Other Commitments [Line Items] | |
Committed capital | 300 |
Investment, Identifier [Axis]: Classic H&G Holdco, LLC | |
Other Commitments [Line Items] | |
Committed capital | 1,060 |
Investment, Identifier [Axis]: Cody Pools, Inc. | |
Other Commitments [Line Items] | |
Committed capital | 786 |
Investment, Identifier [Axis]: Computer Data Source, LLC | |
Other Commitments [Line Items] | |
Committed capital | 8,333 |
Investment, Identifier [Axis]: Elgin AcquireCo, LLC | |
Other Commitments [Line Items] | |
Committed capital | 123 |
Investment, Identifier [Axis]: Engineering Research & Consulting, LLC | |
Other Commitments [Line Items] | |
Committed capital | 652 |
Investment, Identifier [Axis]: Escalent, Inc. | |
Other Commitments [Line Items] | |
Committed capital | 349 |
Investment, Identifier [Axis]: Evergreen North America Acquisitions, LLC | |
Other Commitments [Line Items] | |
Committed capital | 1,253 |
Investment, Identifier [Axis]: Freeport First Lien Loan Fund III LP | |
Other Commitments [Line Items] | |
Committed capital | 8,340 |
Investment, Identifier [Axis]: GRT Rubber Technologies LLC | |
Other Commitments [Line Items] | |
Committed capital | 468 |
Investment, Identifier [Axis]: Gamber-Johnson Holdings, LLC | |
Other Commitments [Line Items] | |
Committed capital | 300 |
Investment, Identifier [Axis]: Garyline, LLC | |
Other Commitments [Line Items] | |
Committed capital | 2,416 |
Investment, Identifier [Axis]: Gulf Publishing Holdings, LLC | |
Other Commitments [Line Items] | |
Committed capital | 100 |
Investment, Identifier [Axis]: HEADLANDS OP-CO LLC | |
Other Commitments [Line Items] | |
Committed capital | 1,000 |
Investment, Identifier [Axis]: HPEP 3, L.P. | |
Other Commitments [Line Items] | |
Committed capital | 1,308 |
Investment, Identifier [Axis]: IG Investor, LLC | |
Other Commitments [Line Items] | |
Committed capital | 1,000 |
Investment, Identifier [Axis]: IG Parent Corporation | |
Other Commitments [Line Items] | |
Committed capital | 1,667 |
Investment, Identifier [Axis]: ITA Holdings Group, LLC | |
Other Commitments [Line Items] | |
Committed capital | 160 |
Investment, Identifier [Axis]: Imaging Business Machines, L.L.C. | |
Other Commitments [Line Items] | |
Committed capital | 890 |
Investment, Identifier [Axis]: Insight Borrower Corporation | |
Other Commitments [Line Items] | |
Committed capital | 3,888 |
Investment, Identifier [Axis]: Inspire Aesthetics Management, LLC | |
Other Commitments [Line Items] | |
Committed capital | 43 |
Investment, Identifier [Axis]: Interface Security Systems, LLC | |
Other Commitments [Line Items] | |
Committed capital | 1 |
Investment, Identifier [Axis]: Invincible Boat Company, LLC. | |
Other Commitments [Line Items] | |
Committed capital | 976 |
Investment, Identifier [Axis]: JTI Electrical & Mechanical, LLC | |
Other Commitments [Line Items] | |
Committed capital | 89 |
Investment, Identifier [Axis]: Jackmont Hospitality, Inc. | |
Other Commitments [Line Items] | |
Committed capital | 1,419 |
Investment, Identifier [Axis]: Johnson Downie Opco, LLC | |
Other Commitments [Line Items] | |
Committed capital | 400 |
Investment, Identifier [Axis]: Mako Steel, LP | |
Other Commitments [Line Items] | |
Committed capital | 4,057 |
Investment, Identifier [Axis]: Metalforming Holdings, LLC | |
Other Commitments [Line Items] | |
Committed capital | 205 |
Investment, Identifier [Axis]: Microbe Formulas, LLC | |
Other Commitments [Line Items] | |
Committed capital | 434 |
Investment, Identifier [Axis]: Mini Melts of America, LLC | |
Other Commitments [Line Items] | |
Committed capital | 983 |
Investment, Identifier [Axis]: Mystic Logistics Holdings, LLC | |
Other Commitments [Line Items] | |
Committed capital | 200 |
Investment, Identifier [Axis]: NexRev LLC | |
Other Commitments [Line Items] | |
Committed capital | 600 |
Investment, Identifier [Axis]: NinjaTrader, LLC | |
Other Commitments [Line Items] | |
Committed capital | 750 |
Investment, Identifier [Axis]: Orttech Holdings, LLC | |
Other Commitments [Line Items] | |
Committed capital | 200 |
Investment, Identifier [Axis]: PTL US Bidco, Inc | |
Other Commitments [Line Items] | |
Committed capital | 427 |
Investment, Identifier [Axis]: Pinnacle TopCo, LLC | |
Other Commitments [Line Items] | |
Committed capital | 345 |
Investment, Identifier [Axis]: Power System Solutions | |
Other Commitments [Line Items] | |
Committed capital | 1,330 |
Investment, Identifier [Axis]: Purge Rite, LLC | |
Other Commitments [Line Items] | |
Committed capital | 781 |
Investment, Identifier [Axis]: Richardson Sales Solutions | |
Other Commitments [Line Items] | |
Committed capital | 1,439 |
Investment, Identifier [Axis]: Roof Opco, LLC | |
Other Commitments [Line Items] | |
Committed capital | 972 |
Investment, Identifier [Axis]: SI East, LLC | |
Other Commitments [Line Items] | |
Committed capital | 2,125 |
Investment, Identifier [Axis]: SPAU Holdings, LLC | |
Other Commitments [Line Items] | |
Committed capital | 700 |
Investment, Identifier [Axis]: South Coast Terminals Holdings, LLC | |
Other Commitments [Line Items] | |
Committed capital | 381 |
Investment, Identifier [Axis]: Titan Meter Midco Corp. | |
Other Commitments [Line Items] | |
Committed capital | 1,384 |
Investment, Identifier [Axis]: Trantech Radiator Topco, LLC | |
Other Commitments [Line Items] | |
Committed capital | 400 |
Investment, Identifier [Axis]: VVS Holdco, LLC | |
Other Commitments [Line Items] | |
Committed capital | 800 |
Investment, Identifier [Axis]: Wall Street Prep, Inc. | |
Other Commitments [Line Items] | |
Committed capital | 500 |
Investment, Identifier [Axis]: Watterson Brands, LLC | |
Other Commitments [Line Items] | |
Committed capital | 433 |
Investment, Identifier [Axis]: Winter Services LLC | |
Other Commitments [Line Items] | |
Committed capital | $ 1,944 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details) | 3 Months Ended | ||||
Jan. 31, 2024 USD ($) $ / shares shares | Oct. 30, 2020 component | Mar. 31, 2024 USD ($) | Mar. 31, 2023 USD ($) | Dec. 31, 2023 USD ($) | |
Related Party Transaction [Line Items] | |||||
Services expenses | $ 5,028,000 | $ 4,855,000 | |||
Waiver of internal administrative services expenses | 2,111,000 | 1,889,000 | |||
Accounts payable and other liabilities | 378,000 | $ 255,000 | |||
Related Party | MSC Income | Advisory Agreement | |||||
Related Party Transaction [Line Items] | |||||
Base fee rate (as a percent) | 1.75% | ||||
Number of components related to incentive fee | component | 2 | ||||
Related Party | MSC Income | Advisory Agreement, Incentive Rate, Pre-Incentive Fee Net Investment Income | |||||
Related Party Transaction [Line Items] | |||||
Incentive fee rate (as a percent) | 20% | ||||
Related Party | MSC Income | Advisory Agreement - Incentive Rate, Quarterly Hurdle Rate | |||||
Related Party Transaction [Line Items] | |||||
Incentive fee rate (as a percent) | 1.875% | ||||
Related Party | MSC Income | Advisory Agreement - Incentive Rate, Annualized Hurdle Rate | |||||
Related Party Transaction [Line Items] | |||||
Incentive fee rate (as a percent) | 7.50% | ||||
Related Party | MSC Income | Advisory Agreement, Incentive Rate, Pre-Incentive Fee Net Investment Income Below Catch-Up Threshold | |||||
Related Party Transaction [Line Items] | |||||
Incentive fee rate (as a percent) | 100% | ||||
Related Party | MSC Income | Advisory Agreement - Incentive Rate, Quarterly Catch-Up Threshold | |||||
Related Party Transaction [Line Items] | |||||
Incentive fee rate (as a percent) | 2.34375% | ||||
Related Party | MSC Income | Advisory Agreement - Incentive Rate, Annualized Catch-Up Threshold | |||||
Related Party Transaction [Line Items] | |||||
Incentive fee rate (as a percent) | 9.375% | ||||
Related Party | MSC Income | Advisory Agreement - Incentive Rate, Pre-Incentive Fee Net Investment Income Exceeds Catch-Up Threshold | |||||
Related Party Transaction [Line Items] | |||||
Incentive fee rate (as a percent) | 20% | ||||
Related Party | MSC Income | Advisory Agreement - Base Management Fees | |||||
Related Party Transaction [Line Items] | |||||
Services expenses | 5,000,000 | 4,900,000 | |||
Related Party | MSC Income | Advisory Agreement - Subordinated Incentive Fees | |||||
Related Party Transaction [Line Items] | |||||
Services expenses | 3,600,000 | 2,700,000 | |||
Related Party | MSC Income | Advisory Agreement - Incentive Fees, Capital Gains Fees | |||||
Related Party Transaction [Line Items] | |||||
Services expenses | 0 | 0 | |||
Related Party | MSC Income | Advisory Agreement - Internal Administrative Services | |||||
Related Party Transaction [Line Items] | |||||
Services expenses | 2,300,000 | 2,000,000 | |||
Waiver of internal administrative services expenses | $ 2,100,000 | 1,900,000 | |||
Related Party | MSC Income - HMS Adviser | Offering Costs | |||||
Related Party Transaction [Line Items] | |||||
Percentage of payment of offering costs (as a percent) | 1.50% | ||||
Accounts payable and other liabilities | $ 600,000 | ||||
Fee paid indirectly | $ 100,000 | ||||
Related Party | Main Street | Dividend Reinvestment Plan | |||||
Related Party Transaction [Line Items] | |||||
Sale of stock, number of shares (in shares) | shares | 314,070 | ||||
Sale of stock, price per share (in dollars per share) | $ / shares | $ 7.96 | ||||
Sale of stock, proceeds | $ 2,500,000 |
SUBSEQUENT EVENTS (Details)
SUBSEQUENT EVENTS (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | |||
May 13, 2024 | May 01, 2024 | Mar. 31, 2024 | Mar. 31, 2023 | |
Subsequent Event [Line Items] | ||||
Payments for repurchase of common stock | $ 6,547 | $ 3,984 | ||
Subsequent Event | ||||
Subsequent Event [Line Items] | ||||
Common stock repurchased (in shares) | 536,330 | |||
Common share repurchased price (in dollars per share) | $ 7.78 | |||
Payments for repurchase of common stock | $ 4,200 | |||
Proceeds from issuance of shares, percentage (as a percent) | 90% | 90% | ||
Cash dividend (in dollars per share) | $ 0.18 | |||
Subsequent Event | Dividend Reinvestment Plan | ||||
Subsequent Event [Line Items] | ||||
Sale of stock, number of shares (in shares) | 315,259 | |||
Sale of stock, price per share (in dollars per share) | $ 7.93 | |||
Sale of stock, proceeds | $ 2,500 |
Consolidated Schedule of Inve_5
Consolidated Schedule of Investments In and Advances to Affiliate (Details) - USD ($) $ in Thousands | 3 Months Ended | |||||
Mar. 31, 2024 | Mar. 31, 2023 | Dec. 31, 2023 | ||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | $ (1,884) | $ 3,432 | ||||
Amount of Unrealized Gain/(Loss) | (1,133) | (4,139) | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [1] | 1,092,895 | ||||
Ending balance | [2] | 1,115,982 | ||||
Control investments | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 10 | 631 | ||||
Amount of Unrealized Gain/(Loss) | 422 | (686) | ||||
Amount of Interest, Fees or Dividends Credited to Income | 811 | 809 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 53,644 | [1],[3] | 50,303 | |||
Gross Additions | 458 | 1,189 | ||||
Gross Reductions | 458 | 1,586 | ||||
Ending balance | 53,644 | [2],[4] | 49,906 | |||
Affiliate investments | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | 1,637 | ||||
Amount of Unrealized Gain/(Loss) | (19) | 1,321 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 6,929 | 7,894 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 291,279 | [1],[5] | 277,000 | |||
Gross Additions | 12,001 | 18,474 | ||||
Gross Reductions | 13,951 | 24,633 | ||||
Ending balance | 289,329 | [2],[6] | 270,841 | |||
Investment, Identifier [Axis]: AAC Holdings, Inc., Common Stock | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [7] | 0 | ||||
Ending balance | [8] | $ 0 | ||||
Investment, Identifier [Axis]: AAC Holdings, Inc., Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 18% | [8] | 18% | [7] | ||
PIK Rate | 18% | [8] | 18% | [7] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [7] | $ 149 | ||||
Ending balance | [8] | $ 156 | ||||
Investment, Identifier [Axis]: AAC Holdings, Inc., Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 18% | [8] | 18% | [7] | ||
PIK Rate | 18% | [8] | 18% | [7] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [7] | $ 4,958 | ||||
Ending balance | [8] | 5,187 | ||||
Investment, Identifier [Axis]: AAC Holdings, Inc., Warrants | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [7],[9] | 0 | ||||
Ending balance | [8],[10] | $ 0 | ||||
Investment, Identifier [Axis]: AB Centers Acquisition Corporation, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread | 5% | [11],[12],[13] | 5% | [14],[15],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[15],[16] | $ 0 | ||||
Ending balance | [11],[12],[13] | $ 0 | ||||
Investment, Identifier [Axis]: AB Centers Acquisition Corporation, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.43% | [11],[13],[17] | 11.43% | [14],[16] | ||
Spread | 6% | [11],[13],[17] | 6% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 1,081 | ||||
Ending balance | [11],[13],[17] | $ 2,347 | ||||
Investment, Identifier [Axis]: AB Centers Acquisition Corporation, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.43% | [11],[13] | 11.43% | [14],[16] | ||
Spread | 6% | [11],[13] | 6% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 2,304 | ||||
Ending balance | [11],[13] | $ 2,298 | ||||
Investment, Identifier [Axis]: AB Centers Acquisition Corporation, Secured Debt 4 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.43% | [11],[13] | 11.43% | [14],[16] | ||
Spread | 6% | [11],[13] | 6% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 772 | ||||
Ending balance | [11],[13] | $ 770 | ||||
Investment, Identifier [Axis]: ADS Tactical, Inc., Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.19% | [8],[13] | 11.22% | [7],[16] | ||
Spread | 5.75% | [8],[13] | 5.75% | [7],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [7],[16] | $ 4,214 | ||||
Ending balance | [8],[13] | 2,828 | ||||
Investment, Identifier [Axis]: AFG Capital Group, LLC, Preferred Member Units | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | |||||
Amount of Unrealized Gain/(Loss) | 0 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 2,350 | |||||
Gross Additions | 0 | |||||
Gross Reductions | 0 | |||||
Ending balance | $ 2,350 | |||||
Investment, Identifier [Axis]: AMEREQUIP LLC, Common Stock | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[18] | 100 | ||||
Ending balance | [11],[19] | 100 | ||||
Investment, Identifier [Axis]: AMEREQUIP LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread | [14],[15],[16] | 7.40% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[15],[16] | 0 | ||||
Investment, Identifier [Axis]: AMEREQUIP LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | [14],[16] | 12.76% | ||||
Spread | [14],[16] | 7.40% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | 1,538 | ||||
Investment, Identifier [Axis]: ASK (Analytical Systems Keco Holdings, LLC), Preferred Member Units 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 14.13% | |||||
Amount of Realized Gain/(Loss) | $ 0 | |||||
Amount of Unrealized Gain/(Loss) | 0 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 0 | |||||
Gross Additions | 0 | |||||
Gross Reductions | 0 | |||||
Ending balance | 0 | |||||
Investment, Identifier [Axis]: ASK (Analytical Systems Keco Holdings, LLC), Preferred Member Units 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | |||||
Amount of Unrealized Gain/(Loss) | 20 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 880 | |||||
Gross Additions | 20 | |||||
Gross Reductions | 0 | |||||
Ending balance | $ 900 | |||||
Investment, Identifier [Axis]: ASK (Analytical Systems Keco Holdings, LLC), Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread | 10% | |||||
Amount of Realized Gain/(Loss) | $ 0 | |||||
Amount of Unrealized Gain/(Loss) | 0 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 1 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | (2) | |||||
Gross Additions | 0 | |||||
Gross Reductions | 0 | |||||
Ending balance | $ (2) | |||||
Investment, Identifier [Axis]: ASK (Analytical Systems Keco Holdings, LLC), Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 14.75% | |||||
Spread | 10% | |||||
Amount of Realized Gain/(Loss) | $ 0 | |||||
Amount of Unrealized Gain/(Loss) | 0 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 47 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 1,135 | |||||
Gross Additions | 5 | |||||
Gross Reductions | 18 | |||||
Ending balance | 1,122 | |||||
Investment, Identifier [Axis]: ASK (Analytical Systems Keco Holdings, LLC), Warrants | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | |||||
Amount of Unrealized Gain/(Loss) | 0 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 0 | |||||
Gross Additions | 0 | |||||
Gross Reductions | 0 | |||||
Ending balance | 0 | |||||
Investment, Identifier [Axis]: ATS Operating, LLC, Common Stock | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14] | 90 | ||||
Ending balance | [11] | $ 100 | ||||
Investment, Identifier [Axis]: ATS Operating, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.09% | [11],[13] | 12.16% | [14],[16] | ||
Spread | 6.50% | [11],[13] | 6.50% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 50 | ||||
Ending balance | [11],[13] | $ 50 | ||||
Investment, Identifier [Axis]: ATS Operating, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.09% | [11],[13] | 11.16% | [14],[16] | ||
Spread | 5.50% | [11],[13] | 5.50% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 925 | ||||
Ending balance | [11],[13] | $ 925 | ||||
Investment, Identifier [Axis]: ATS Operating, LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 13.09% | [11],[13] | 13.16% | [14],[16] | ||
Spread | 7.50% | [11],[13] | 7.50% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 925 | ||||
Ending balance | [11],[13] | 925 | ||||
Investment, Identifier [Axis]: ATX Networks Corp., Common Stock | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 3,178 | |||||
Amount of Unrealized Gain/(Loss) | (3,290) | |||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 3,290 | |||||
Gross Additions | 3,178 | |||||
Gross Reductions | 6,468 | |||||
Ending balance | $ 0 | |||||
Investment, Identifier [Axis]: ATX Networks Corp., Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Spread | 7.50% | |||||
Amount of Realized Gain/(Loss) | $ 0 | |||||
Amount of Unrealized Gain/(Loss) | (102) | |||||
Amount of Interest, Fees or Dividends Credited to Income | 682 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 6,368 | |||||
Gross Additions | 545 | |||||
Gross Reductions | 6,913 | |||||
Ending balance | $ 0 | |||||
Investment, Identifier [Axis]: ATX Networks Corp., Unsecured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
PIK Rate | 10% | |||||
Amount of Realized Gain/(Loss) | $ 0 | |||||
Amount of Unrealized Gain/(Loss) | (276) | |||||
Amount of Interest, Fees or Dividends Credited to Income | 1,135 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 2,614 | |||||
Gross Additions | 1,135 | |||||
Gross Reductions | 3,749 | |||||
Ending balance | 0 | |||||
Investment, Identifier [Axis]: AVEX Aviation Holdings, LLC, Common Equity | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[18] | 124 | ||||
Ending balance | [11],[19] | $ 124 | ||||
Investment, Identifier [Axis]: AVEX Aviation Holdings, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread | 7.25% | [11],[12],[13] | 7.25% | [14],[15],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[15],[16] | $ (5) | ||||
Ending balance | [11],[12],[13] | $ (16) | ||||
Investment, Identifier [Axis]: AVEX Aviation Holdings, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.71% | [11],[13] | 12.76% | [14],[16] | ||
Spread | 7.25% | [11],[13] | 7.25% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 3,344 | ||||
Ending balance | [11],[13] | $ 3,370 | ||||
Investment, Identifier [Axis]: Acumera, Inc., Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread | 7% | [11],[12],[13] | 7.50% | [14],[15],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[15],[16] | $ (8) | ||||
Ending balance | [11],[12],[13] | $ (7) | ||||
Investment, Identifier [Axis]: Acumera, Inc., Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.43% | [11],[13] | 12.98% | [14],[16] | ||
Spread | 7% | [11],[13] | 7.50% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 11,922 | ||||
Ending balance | [11],[13] | 11,847 | ||||
Investment, Identifier [Axis]: Acumera, Inc., Warrants | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[20] | 90 | ||||
Ending balance | [11],[21] | $ 90 | ||||
Investment, Identifier [Axis]: Adams Publishing Group, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11% | [11],[13],[22] | 11% | [14],[16],[23] | ||
Spread | 7% | [11],[13],[22] | 7% | [14],[16],[23] | ||
PIK Rate | 1% | [11],[13],[22] | 1% | [14],[16],[23] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16],[23] | $ 917 | ||||
Ending balance | [11],[13],[22] | $ 902 | ||||
Investment, Identifier [Axis]: Adams Publishing Group, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11% | [11],[13],[22] | 11% | [14],[16],[23] | ||
Spread | 7% | [11],[13],[22] | 7% | [14],[16],[23] | ||
PIK Rate | 1% | [11],[13],[22] | 1% | [14],[16],[23] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16],[23] | $ 2,481 | ||||
Ending balance | [11],[13],[22] | $ 2,368 | ||||
Investment, Identifier [Axis]: American Health Staffing Group, Inc., Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread | 5% | [11],[12],[13] | 5% | [14],[15],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[15],[16] | $ (10) | ||||
Ending balance | [11],[12],[13] | $ (9) | ||||
Investment, Identifier [Axis]: American Health Staffing Group, Inc., Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.61% | [11],[13] | 13.50% | [14],[16] | ||
Spread | 6% | [11],[13] | 5% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 8,188 | ||||
Ending balance | [11],[13] | $ 8,167 | ||||
Investment, Identifier [Axis]: American Nuts, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 15.23% | [11],[13] | 15.29% | [14],[16] | ||
Spread | 9.75% | [11],[13] | 9.75% | [14],[16] | ||
PIK Rate | 15.23% | [11],[13] | 15.29% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 4,102 | ||||
Ending balance | [11],[13] | $ 4,051 | ||||
Investment, Identifier [Axis]: American Nuts, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 17.23% | [11],[13],[24] | 15.29% | [14],[16] | ||
Spread | 11.75% | [11],[13],[24] | 9.75% | [14],[16] | ||
PIK Rate | 17.23% | [11],[13],[24] | 15.29% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 0 | ||||
Ending balance | [11],[13],[24] | 2,474 | ||||
Investment, Identifier [Axis]: American Nuts, LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | [14],[16],[25] | 17.29% | ||||
Spread | [14],[16],[25] | 11.75% | ||||
PIK Rate | [14],[16],[25] | 17.29% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16],[25] | 2,522 | ||||
Investment, Identifier [Axis]: American Nuts, LLC, Secured Debt 4 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | [14],[16],[25] | 17.29% | ||||
Spread | [14],[16],[25] | 11.75% | ||||
PIK Rate | [14],[16],[25] | 17.29% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16],[25] | 0 | ||||
Investment, Identifier [Axis]: American Teleconferencing Services, Ltd., Secured Debt 1 | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [7],[25],[26] | 109 | ||||
Ending balance | [8],[24],[27] | 59 | ||||
Investment, Identifier [Axis]: American Teleconferencing Services, Ltd., Secured Debt 2 | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [7],[25],[26] | 526 | ||||
Ending balance | [8],[24],[27] | 282 | ||||
Investment, Identifier [Axis]: Analytical Systems Keco Holdings, LLC, Preferred Member Units 1 | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 1,210 | |||||
Ending balance | $ 1,390 | |||||
Investment, Identifier [Axis]: Analytical Systems Keco Holdings, LLC, Preferred Member Units 1.1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 14.13% | |||||
Amount of Realized Gain/(Loss) | $ 0 | |||||
Amount of Unrealized Gain/(Loss) | 0 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 0 | |||||
Gross Additions | 0 | |||||
Gross Reductions | 0 | |||||
Ending balance | $ 0 | |||||
Investment, Identifier [Axis]: Analytical Systems Keco Holdings, LLC, Preferred Member Units 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 14.13% | 14.13% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | $ 0 | |||||
Ending balance | 0 | |||||
Investment, Identifier [Axis]: Analytical Systems Keco Holdings, LLC, Preferred Member Units 2.1 | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | |||||
Amount of Unrealized Gain/(Loss) | 180 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 1,210 | |||||
Gross Additions | 180 | |||||
Gross Reductions | 0 | |||||
Ending balance | $ 1,390 | |||||
Investment, Identifier [Axis]: Analytical Systems Keco Holdings, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 15.38% | [13] | 15.38% | [16] | ||
Spread | 10% | [13] | 10% | [16] | ||
Amount of Realized Gain/(Loss) | $ 0 | |||||
Amount of Unrealized Gain/(Loss) | 0 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 1 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [16] | 54 | ||||
Gross Additions | 0 | |||||
Gross Reductions | 0 | |||||
Ending balance | [13] | $ 54 | ||||
Investment, Identifier [Axis]: Analytical Systems Keco Holdings, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 15.38% | [13] | 15.38% | [16] | ||
Spread | 10% | [13] | 10% | [16] | ||
Amount of Realized Gain/(Loss) | $ 0 | |||||
Amount of Unrealized Gain/(Loss) | 0 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 44 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [16] | 1,020 | ||||
Gross Additions | 5 | |||||
Gross Reductions | 18 | |||||
Ending balance | [13] | 1,007 | ||||
Investment, Identifier [Axis]: Analytical Systems Keco Holdings, LLC, Warrants | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | |||||
Amount of Unrealized Gain/(Loss) | 0 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [9] | 0 | ||||
Gross Additions | 0 | |||||
Gross Reductions | 0 | |||||
Ending balance | [10] | 0 | ||||
Investment, Identifier [Axis]: ArborWorks, LLC, Common Equity | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14] | 0 | ||||
Ending balance | [11] | 0 | ||||
Investment, Identifier [Axis]: ArborWorks, LLC, Preferred Equity 1 | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14] | 7,468 | ||||
Ending balance | [11] | 7,175 | ||||
Investment, Identifier [Axis]: ArborWorks, LLC, Preferred Equity 2 | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14] | 0 | ||||
Ending balance | [11] | $ 0 | ||||
Investment, Identifier [Axis]: ArborWorks, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 15% | [11] | 15% | [14] | ||
PIK Rate | 15% | [11] | 15% | [14] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14] | $ 1,007 | ||||
Ending balance | [11] | $ 1,952 | ||||
Investment, Identifier [Axis]: ArborWorks, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.94% | [11],[13] | 12.04% | [14],[16] | ||
Spread | 6.50% | [11],[13] | 6.50% | [14],[16] | ||
PIK Rate | 12.04% | [11],[13] | 12.04% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 3,765 | ||||
Ending balance | [11],[13] | 3,913 | ||||
Investment, Identifier [Axis]: Archer Systems, LLC, Common Stock | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14] | 100 | ||||
Ending balance | [11] | 90 | ||||
Investment, Identifier [Axis]: BP Loenbro Holdings Inc., Common Equity | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Ending balance | [11] | $ 1,000 | ||||
Investment, Identifier [Axis]: BP Loenbro Holdings Inc., Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread | [11],[12],[13] | 6.25% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Ending balance | [11],[12],[13] | $ (25) | ||||
Investment, Identifier [Axis]: BP Loenbro Holdings Inc., Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread | [11],[12],[13] | 6.25% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Ending balance | [11],[12],[13] | $ (12) | ||||
Investment, Identifier [Axis]: BP Loenbro Holdings Inc., Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | [11],[13] | 11.66% | ||||
Spread | [11],[13] | 6.25% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Ending balance | [11],[13] | $ 11,210 | ||||
Investment, Identifier [Axis]: Barfly Ventures, LLC, Member Units | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | 160 | (93) | ||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 1,380 | [14] | 1,107 | |||
Gross Additions | 160 | 0 | ||||
Gross Reductions | 0 | 94 | ||||
Ending balance | 1,540 | [11] | 1,013 | |||
Investment, Identifier [Axis]: Batjer TopCo, LLC, Preferred Stock | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | 225 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 39 | 19 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 680 | [18] | 455 | |||
Gross Additions | 0 | 225 | ||||
Gross Reductions | 0 | 0 | ||||
Ending balance | $ 680 | [19] | 680 | |||
Investment, Identifier [Axis]: Batjer TopCo, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 10% | |||||
Amount of Realized Gain/(Loss) | $ 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 1 | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 0 | [15] | (1) | |||
Gross Additions | 50 | 0 | ||||
Gross Reductions | 0 | 0 | ||||
Ending balance | $ 50 | $ (1) | ||||
Investment, Identifier [Axis]: Batjer TopCo, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 10% | 11% | 10% | |||
Amount of Realized Gain/(Loss) | $ 0 | $ 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 1 | 36 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 30 | 1,205 | ||||
Gross Additions | 0 | 2 | ||||
Gross Reductions | 0 | 50 | ||||
Ending balance | $ 30 | 1,157 | ||||
Investment, Identifier [Axis]: Batjer TopCo, LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 10% | 10% | ||||
Amount of Realized Gain/(Loss) | $ 0 | |||||
Amount of Unrealized Gain/(Loss) | (1) | |||||
Amount of Interest, Fees or Dividends Credited to Income | 31 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 1,175 | |||||
Gross Additions | 1 | |||||
Gross Reductions | 1 | |||||
Ending balance | 1,175 | |||||
Investment, Identifier [Axis]: Berry Aviation, Inc., Preferred Member Units 1 | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[28] | 200 | ||||
Ending balance | [11],[29] | 70 | ||||
Investment, Identifier [Axis]: Berry Aviation, Inc., Preferred Member Units 2 | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[18],[28] | 2,560 | ||||
Ending balance | [11],[19],[29] | 880 | ||||
Investment, Identifier [Axis]: Berry Aviation, Inc., Preferred Member Units 3 | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Ending balance | [11] | $ 1,049 | ||||
Investment, Identifier [Axis]: Bettercloud, Inc., Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread | 7.25% | [11],[12],[13] | 7.25% | [14],[15],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[15],[16] | $ (18) | ||||
Ending balance | [11],[12],[13] | $ (17) | ||||
Investment, Identifier [Axis]: Bettercloud, Inc., Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.59% | [11],[13] | 12.64% | [14],[16] | ||
Spread | 7.25% | [11],[13] | 7.25% | [14],[16] | ||
PIK Rate | 6.25% | [11],[13] | 6.25% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 7,998 | ||||
Ending balance | [11],[13] | 8,241 | ||||
Investment, Identifier [Axis]: Binswanger Enterprises, LLC, Member Units | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14] | 120 | ||||
Ending balance | [11] | 500 | ||||
Investment, Identifier [Axis]: Bluestem Brands, Inc., Common Stock | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [7] | 533 | ||||
Ending balance | [8] | $ 70 | ||||
Investment, Identifier [Axis]: Bluestem Brands, Inc., Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 8.50% | [8],[12],[13] | 16% | [7],[16] | ||
Spread | [7],[16] | 7.50% | ||||
PIK Rate | [7],[16] | 15% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [7],[16] | $ 1,907 | ||||
Ending balance | [8],[12],[13] | $ 0 | ||||
Investment, Identifier [Axis]: Bluestem Brands, Inc., Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 16% | [8],[13] | 13.96% | [7],[16] | ||
Spread | 7.50% | [8],[13] | 8.50% | [7],[16] | ||
PIK Rate | 15% | [8],[13] | 12.96% | [7],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [7],[16] | $ 3,695 | ||||
Ending balance | [8],[13] | $ 3,051 | ||||
Investment, Identifier [Axis]: Bluestem Brands, Inc., Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | [8],[13] | 13.94% | ||||
Spread | [8],[13] | 8.50% | ||||
PIK Rate | [8],[13] | 12.94% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Ending balance | [8],[13] | $ 3,726 | ||||
Investment, Identifier [Axis]: Bluestem Brands, Inc., Warrants | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [7],[9] | 129 | ||||
Ending balance | [8],[10] | 20 | ||||
Investment, Identifier [Axis]: Boccella Precast Products LLC, Member Units | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 498 | |||||
Ending balance | [19] | $ 260 | ||||
Investment, Identifier [Axis]: Boccella Precast Products LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 10% | 10% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | $ 80 | |||||
Ending balance | 80 | |||||
Investment, Identifier [Axis]: Bond Brand Loyalty ULC, Common Equity | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[30],[31] | 0 | ||||
Ending balance | [11],[32],[33] | 0 | ||||
Investment, Identifier [Axis]: Bond Brand Loyalty ULC, Preferred Equity | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[30],[31] | 310 | ||||
Ending balance | [11],[32],[33] | $ 310 | ||||
Investment, Identifier [Axis]: Bond Brand Loyalty ULC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread | 7% | [11],[12],[13],[32],[33] | 7% | [14],[15],[16],[30],[31] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[15],[16],[30],[31] | $ (16) | ||||
Ending balance | [11],[12],[13],[32],[33] | $ (15) | ||||
Investment, Identifier [Axis]: Bond Brand Loyalty ULC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.48% | [11],[13],[32],[33] | 11.54% | [14],[16],[30],[31] | ||
Spread | 6% | [11],[13],[32],[33] | 6% | [14],[16],[30],[31] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16],[30],[31] | $ 4,040 | ||||
Ending balance | [11],[13],[32],[33] | $ 4,030 | ||||
Investment, Identifier [Axis]: Bond Brand Loyalty ULC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 13.48% | [11],[13],[32],[33] | 13.54% | [14],[16],[30],[31] | ||
Spread | 8% | [11],[13],[32],[33] | 8% | [14],[16],[30],[31] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16],[30],[31] | $ 4,040 | ||||
Ending balance | [11],[13],[32],[33] | 4,030 | ||||
Investment, Identifier [Axis]: Brewer Crane Holdings, LLC, Preferred Member Units | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | 30 | (130) | ||||
Amount of Interest, Fees or Dividends Credited to Income | 8 | 8 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 1,400 | [18] | 1,770 | |||
Gross Additions | 30 | 0 | ||||
Gross Reductions | 0 | 130 | ||||
Ending balance | $ 1,430 | [19] | $ 1,640 | |||
Investment, Identifier [Axis]: Brewer Crane Holdings, LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 15.48% | [13] | 14.66% | 15.46% | [16] | |
Spread | 10% | [13] | 10% | 10% | [16] | |
Amount of Realized Gain/(Loss) | $ 0 | $ 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 52 | 53 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 1,374 | [16] | 1,491 | |||
Gross Additions | 0 | 0 | ||||
Gross Reductions | 31 | 31 | ||||
Ending balance | 1,343 | [13] | 1,460 | |||
Investment, Identifier [Axis]: Brightwood Capital Fund Investments, LP Interests (Brightwood Capital Fund III, LP) | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [30],[34],[35] | 1,360 | ||||
Ending balance | [32],[36],[37] | 1,345 | ||||
Investment, Identifier [Axis]: Brightwood Capital Fund Investments, LP Interests (Brightwood Capital Fund IV, LP) | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [18],[30],[34],[35] | 8,716 | ||||
Ending balance | [19],[32],[36],[37] | $ 8,716 | ||||
Investment, Identifier [Axis]: Buca C, LLC, Preferred Member Units | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 6% | 6% | ||||
PIK Rate | 6% | 6% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | $ 0 | |||||
Ending balance | $ 0 | |||||
Investment, Identifier [Axis]: Buca C, LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12% | [27] | 12% | [26] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [26] | $ 8,218 | ||||
Ending balance | [27] | $ 8,096 | ||||
Investment, Identifier [Axis]: Burning Glass Intermediate Holding Company, Inc., Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | [14],[16] | 10.46% | ||||
Spread | 5% | [11],[12],[13] | 5% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 310 | ||||
Ending balance | [11],[12],[13] | $ 0 | ||||
Investment, Identifier [Axis]: Burning Glass Intermediate Holding Company, Inc., Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 10.43% | [11],[13] | 10.46% | [14],[16] | ||
Spread | 5% | [11],[13] | 5% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 13,121 | ||||
Ending balance | [11],[13] | 13,087 | ||||
Investment, Identifier [Axis]: CAI Software LLC, Preferred Equity 1 | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 379 | |||||
Ending balance | 454 | |||||
Investment, Identifier [Axis]: CAI Software LLC, Preferred Equity 2 | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 0 | |||||
Ending balance | $ 0 | |||||
Investment, Identifier [Axis]: CQ Fluency, LLC, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread | [11],[12],[13] | 7% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Ending balance | [11],[12],[13] | $ (41) | ||||
Investment, Identifier [Axis]: CQ Fluency, LLC, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread | [11],[12],[13] | 7% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Ending balance | [11],[12],[13] | $ (41) | ||||
Investment, Identifier [Axis]: CQ Fluency, LLC, LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | [11],[13] | 12.41% | ||||
Spread | [11],[13] | 7% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Ending balance | [11],[13] | $ 7,352 | ||||
Investment, Identifier [Axis]: CQ Fluency, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread | [14] | 7% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14] | (44) | ||||
Investment, Identifier [Axis]: CQ Fluency, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread | [14] | 7% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14] | (44) | ||||
Investment, Identifier [Axis]: CQ Fluency, LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | [14] | 12.45% | ||||
Spread | [14] | 7% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14] | 7,280 | ||||
Investment, Identifier [Axis]: Career Team Holdings, LLC, Common Stock | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 500 | |||||
Ending balance | $ 500 | |||||
Investment, Identifier [Axis]: Career Team Holdings, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | [16] | 11.38% | ||||
Spread | 6% | [12],[13] | 6% | [16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [16] | $ 96 | ||||
Ending balance | [12],[13] | $ (4) | ||||
Investment, Identifier [Axis]: Career Team Holdings, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 13% | 13% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | $ 2,185 | |||||
Ending balance | 2,169 | |||||
Investment, Identifier [Axis]: CaseWorthy, Inc., Common Equity | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14] | 80 | ||||
Ending balance | [11] | $ 80 | ||||
Investment, Identifier [Axis]: CaseWorthy, Inc., Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread | 6% | [11],[12],[13] | 6% | [14],[15],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[15],[16] | $ (3) | ||||
Ending balance | [11],[12],[13] | $ (3) | ||||
Investment, Identifier [Axis]: CaseWorthy, Inc., Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.56% | [11],[13] | 11.61% | [14],[16] | ||
Spread | 6% | [11],[13] | 6% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 2,581 | ||||
Ending balance | [11],[13] | $ 2,574 | ||||
Investment, Identifier [Axis]: CaseWorthy, Inc., Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.56% | [11],[13] | 11.61% | [14],[16] | ||
Spread | 6% | [11],[13] | 6% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 1,985 | ||||
Ending balance | [11],[13] | $ 1,980 | ||||
Investment, Identifier [Axis]: Central Moloney, LLC., Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | [11],[13] | 12.05% | ||||
Spread | [11],[13] | 6.75% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Ending balance | [11],[13] | $ 14,711 | ||||
Investment, Identifier [Axis]: Centre Technologies Holdings, LLC, Preferred Member Units | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | 280 | 150 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 8 | 8 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 2,760 | 2,170 | ||||
Gross Additions | 280 | 150 | ||||
Gross Reductions | 0 | 0 | ||||
Ending balance | $ 3,040 | $ 2,320 | ||||
Investment, Identifier [Axis]: Centre Technologies Holdings, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 14.48% | |||||
Spread | 9% | [12],[13] | 9% | 9% | [15],[16] | |
Amount of Realized Gain/(Loss) | $ 0 | $ 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 1 | 1 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 0 | [15],[16] | 0 | |||
Gross Additions | 0 | 0 | ||||
Gross Reductions | 0 | 0 | ||||
Ending balance | $ 0 | [12],[13] | $ 0 | |||
Investment, Identifier [Axis]: Centre Technologies Holdings, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 14.48% | [13] | 13.75% | 14.48% | [16] | |
Spread | 9% | [13] | 9% | 9% | [16] | |
Amount of Realized Gain/(Loss) | $ 0 | |||||
Amount of Unrealized Gain/(Loss) | 0 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 130 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | $ 4,394 | [16] | 3,731 | |||
Gross Additions | 2 | |||||
Gross Reductions | 0 | |||||
Ending balance | $ 5,494 | [13] | 3,733 | |||
Investment, Identifier [Axis]: Centre Technologies Holdings, LLC, Secured Debt 2.1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 14.48% | |||||
Spread | 9% | |||||
Amount of Realized Gain/(Loss) | $ 0 | |||||
Amount of Unrealized Gain/(Loss) | 66 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 128 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 0 | |||||
Gross Additions | 5,494 | |||||
Gross Reductions | 0 | |||||
Ending balance | $ 5,494 | |||||
Investment, Identifier [Axis]: Centre Technologies Holdings, LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 14.48% | |||||
Spread | 9% | |||||
Amount of Realized Gain/(Loss) | $ 0 | |||||
Amount of Unrealized Gain/(Loss) | (29) | |||||
Amount of Interest, Fees or Dividends Credited to Income | 84 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 4,394 | |||||
Gross Additions | 0 | |||||
Gross Reductions | 4,394 | |||||
Ending balance | 0 | |||||
Investment, Identifier [Axis]: Chamberlin Holding LLC, Member Units 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | 60 | (30) | ||||
Amount of Interest, Fees or Dividends Credited to Income | 366 | 71 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 7,330 | [18] | 5,728 | |||
Gross Additions | 60 | 0 | ||||
Gross Reductions | 0 | 28 | ||||
Ending balance | 7,390 | [19] | 5,700 | |||
Investment, Identifier [Axis]: Chamberlin Holding LLC, Member Units 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | 35 | 30 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 6 | 6 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 715 | [18],[28] | 678 | |||
Gross Additions | 35 | 30 | ||||
Gross Reductions | 0 | 0 | ||||
Ending balance | $ 750 | [19],[29] | $ 708 | |||
Investment, Identifier [Axis]: Chamberlin Holding LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.49% | |||||
Spread | 6% | [12],[13] | 6% | 6% | [15],[16] | |
Amount of Realized Gain/(Loss) | $ 0 | $ 0 | ||||
Amount of Unrealized Gain/(Loss) | (6) | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 6 | 1 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 0 | [15],[16] | 0 | |||
Gross Additions | 6 | 0 | ||||
Gross Reductions | 6 | 0 | ||||
Ending balance | $ 0 | [12],[13] | $ 0 | |||
Investment, Identifier [Axis]: Chamberlin Holding LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 13.49% | [13] | 12.86% | 13.49% | [16] | |
Spread | 8% | [13] | 8% | 8% | [16] | |
Amount of Realized Gain/(Loss) | $ 0 | $ 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | (3) | ||||
Amount of Interest, Fees or Dividends Credited to Income | 133 | 137 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 3,905 | [16] | 4,236 | |||
Gross Additions | 0 | 3 | ||||
Gross Reductions | 0 | 3 | ||||
Ending balance | $ 3,905 | [13] | 4,236 | |||
Investment, Identifier [Axis]: Channel Partners Intermediateco, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.56% | [11],[13],[38] | 12.60% | [14],[16],[39] | ||
Spread | 7% | [11],[13],[38] | 7% | [14],[16],[39] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16],[39] | $ 183 | ||||
Ending balance | [11],[13],[38] | $ 145 | ||||
Investment, Identifier [Axis]: Channel Partners Intermediateco, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.58% | [11],[13] | 12.66% | [14],[16] | ||
Spread | 7% | [11],[13] | 7% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 3,224 | ||||
Ending balance | [11],[13] | $ 3,184 | ||||
Investment, Identifier [Axis]: Channel Partners Intermediateco, LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.58% | [11],[13] | 12.66% | [14],[16] | ||
Spread | 7% | [11],[13] | 7% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 179 | ||||
Ending balance | [11],[13] | $ 176 | ||||
Investment, Identifier [Axis]: Channel Partners Intermediateco, LLC, Secured Debt 4 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.58% | [11],[13] | 12.66% | [14],[16] | ||
Spread | 7% | [11],[13] | 7% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 432 | ||||
Ending balance | [11],[13] | 426 | ||||
Investment, Identifier [Axis]: Charps, LLC, Preferred Member Units | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | 90 | 60 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | 49 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 3,920 | [18] | 3,330 | |||
Gross Additions | 90 | 60 | ||||
Gross Reductions | 0 | 0 | ||||
Ending balance | 4,010 | [19] | 3,390 | |||
Investment, Identifier [Axis]: Clad-Rex Steel, LLC, Member Units 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | (290) | (270) | ||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | 13 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 1,300 | [18] | 2,060 | |||
Gross Additions | 0 | 0 | ||||
Gross Reductions | 290 | 270 | ||||
Ending balance | 1,010 | [19] | 1,790 | |||
Investment, Identifier [Axis]: Clad-Rex Steel, LLC, Member Units 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | (45) | 55 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 282 | [28] | 152 | |||
Gross Additions | 0 | 55 | ||||
Gross Reductions | 45 | 0 | ||||
Ending balance | $ 237 | [29] | $ 207 | |||
Investment, Identifier [Axis]: Clad-Rex Steel, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12% | 11.50% | ||||
Spread | 9% | |||||
Amount of Realized Gain/(Loss) | $ 0 | |||||
Amount of Unrealized Gain/(Loss) | 0 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | $ 2,103 | 0 | ||||
Gross Additions | 0 | |||||
Gross Reductions | 0 | |||||
Ending balance | $ 2,100 | $ 0 | ||||
Investment, Identifier [Axis]: Clad-Rex Steel, LLC, Secured Debt 1.1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12% | |||||
Amount of Realized Gain/(Loss) | $ 0 | |||||
Amount of Unrealized Gain/(Loss) | 0 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 0 | |||||
Gross Additions | 0 | |||||
Gross Reductions | 0 | |||||
Ending balance | $ 0 | |||||
Investment, Identifier [Axis]: Clad-Rex Steel, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 10% | 13.79% | 10% | |||
Spread | 9% | |||||
Amount of Realized Gain/(Loss) | $ 0 | |||||
Amount of Unrealized Gain/(Loss) | 0 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 89 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | $ 251 | 2,620 | ||||
Gross Additions | 0 | |||||
Gross Reductions | 120 | |||||
Ending balance | $ 249 | $ 2,500 | ||||
Investment, Identifier [Axis]: Clad-Rex Steel, LLC, Secured Debt 2.1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12% | |||||
Amount of Realized Gain/(Loss) | $ 0 | |||||
Amount of Unrealized Gain/(Loss) | 0 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 64 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 2,103 | |||||
Gross Additions | 0 | |||||
Gross Reductions | 3 | |||||
Ending balance | $ 2,100 | |||||
Investment, Identifier [Axis]: Clad-Rex Steel, LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 10% | 10% | ||||
Amount of Realized Gain/(Loss) | $ 0 | $ 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 6 | 7 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 251 | 260 | ||||
Gross Additions | 0 | 0 | ||||
Gross Reductions | 2 | 2 | ||||
Ending balance | 249 | 258 | ||||
Investment, Identifier [Axis]: Clarius BIGS, LLC, Secured Debt | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[25],[26] | 16 | ||||
Ending balance | [11],[24],[27] | 16 | ||||
Investment, Identifier [Axis]: Classic H&G Holdings, LLC, Preferred Member Units | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [18] | 4,000 | ||||
Ending balance | [19] | $ 4,370 | ||||
Investment, Identifier [Axis]: Classic H&G Holdings, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.63% | [13] | 11.69% | [16] | ||
Spread | 6% | [13] | 6% | [16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [16] | $ 1,140 | ||||
Ending balance | [13] | $ 940 | ||||
Investment, Identifier [Axis]: Classic H&G Holdings, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 8% | 8% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | $ 4,819 | |||||
Ending balance | 4,819 | |||||
Investment, Identifier [Axis]: Cody Pools, Inc., Preferred Member Units | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | 430 | 240 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 153 | 7 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 18,120 | [18],[28] | 14,550 | |||
Gross Additions | 430 | 240 | ||||
Gross Reductions | 0 | 0 | ||||
Ending balance | $ 18,550 | [19],[29] | $ 14,790 | |||
Investment, Identifier [Axis]: Cody Pools, Inc., Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.50% | 15.50% | ||||
Spread | 10.50% | |||||
Amount of Realized Gain/(Loss) | $ 0 | $ 0 | ||||
Amount of Unrealized Gain/(Loss) | 2 | 2 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 3 | 11 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 0 | [15] | 273 | |||
Gross Additions | 236 | 3 | ||||
Gross Reductions | 236 | 80 | ||||
Ending balance | $ 0 | [12] | $ 196 | |||
Investment, Identifier [Axis]: Cody Pools, Inc., Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.50% | 15.50% | 12.50% | |||
Spread | 10.50% | |||||
Amount of Realized Gain/(Loss) | $ 0 | $ 0 | ||||
Amount of Unrealized Gain/(Loss) | (2) | (7) | ||||
Amount of Interest, Fees or Dividends Credited to Income | 223 | 268 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 7,111 | 6,882 | ||||
Gross Additions | 2 | 7 | ||||
Gross Reductions | 117 | 83 | ||||
Ending balance | 6,996 | 6,806 | ||||
Investment, Identifier [Axis]: Colonial Electric Company LLC, Preferred Member Units | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | |||||
Amount of Unrealized Gain/(Loss) | (240) | |||||
Amount of Interest, Fees or Dividends Credited to Income | (318) | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 2,290 | |||||
Gross Additions | 0 | |||||
Gross Reductions | 240 | |||||
Ending balance | 2,050 | |||||
Investment, Identifier [Axis]: Colonial Electric Company LLC, Preferred Member Units 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | |||||
Amount of Unrealized Gain/(Loss) | 0 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 600 | |||||
Gross Additions | 0 | |||||
Gross Reductions | 0 | |||||
Ending balance | 600 | |||||
Investment, Identifier [Axis]: Colonial Electric Company LLC, Preferred Member Units 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | |||||
Amount of Unrealized Gain/(Loss) | 160 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 24 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 1,920 | |||||
Gross Additions | 160 | |||||
Gross Reductions | 0 | |||||
Ending balance | $ 2,080 | |||||
Investment, Identifier [Axis]: Colonial Electric Company LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12% | |||||
Amount of Realized Gain/(Loss) | $ 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 1 | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 0 | [15] | 0 | |||
Gross Additions | 0 | 0 | ||||
Gross Reductions | 0 | 0 | ||||
Ending balance | $ 0 | [12] | $ 0 | |||
Investment, Identifier [Axis]: Colonial Electric Company LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12% | 12% | 12% | |||
Amount of Realized Gain/(Loss) | $ 0 | $ 0 | ||||
Amount of Unrealized Gain/(Loss) | 41 | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 173 | 181 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 5,407 | 5,729 | ||||
Gross Additions | 53 | 9 | ||||
Gross Reductions | 498 | 79 | ||||
Ending balance | 4,962 | 5,659 | ||||
Investment, Identifier [Axis]: Compass Systems & Sales, LLC, Preferred Equity | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | |||||
Amount of Unrealized Gain/(Loss) | 0 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 15 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 1,863 | |||||
Gross Additions | 0 | |||||
Gross Reductions | 0 | |||||
Ending balance | $ 1,863 | |||||
Investment, Identifier [Axis]: Compass Systems & Sales, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 13.50% | |||||
Amount of Realized Gain/(Loss) | $ 0 | |||||
Amount of Unrealized Gain/(Loss) | 0 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [15] | 0 | ||||
Gross Additions | 0 | |||||
Gross Reductions | 0 | |||||
Ending balance | [12] | $ 0 | ||||
Investment, Identifier [Axis]: Compass Systems & Sales, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 13.50% | 13.50% | ||||
Amount of Realized Gain/(Loss) | $ 0 | |||||
Amount of Unrealized Gain/(Loss) | 0 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 153 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 4,175 | |||||
Gross Additions | 7 | |||||
Gross Reductions | 0 | |||||
Ending balance | $ 4,182 | |||||
Investment, Identifier [Axis]: Computer Data Source, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 13.47% | [11],[13],[38] | 13.52% | [14],[16],[40] | ||
Spread | 8% | [11],[13],[38] | 8% | [14],[16],[40] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16],[40] | $ 4,040 | ||||
Ending balance | [11],[13],[38] | $ 4,072 | ||||
Investment, Identifier [Axis]: Computer Data Source, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | [14],[16] | 13.52% | ||||
Spread | 8% | [11],[12],[13] | 8% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 14,797 | ||||
Ending balance | [11],[12],[13] | $ (139) | ||||
Investment, Identifier [Axis]: Computer Data Source, LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | [11],[13] | 13.46% | ||||
Spread | [11],[13] | 8% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Ending balance | [11],[13] | $ 14,915 | ||||
Investment, Identifier [Axis]: Construction Supply Investments, LLC, Member Units | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14] | 23,135 | ||||
Ending balance | [11] | 22,430 | ||||
Investment, Identifier [Axis]: Copper Trail Fund Investments, LP Interests (CTMH, LP) | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 568 | [18],[30],[34],[35] | 588 | |||
Gross Additions | 0 | 0 | ||||
Gross Reductions | 0 | 0 | ||||
Ending balance | 568 | [19],[32],[36],[37] | 588 | |||
Investment, Identifier [Axis]: DMA Industries, LLC, Preferred Equity | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 1,920 | |||||
Ending balance | $ 1,490 | |||||
Investment, Identifier [Axis]: DMA Industries, LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12% | 12% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | $ 4,700 | |||||
Ending balance | $ 4,700 | |||||
Investment, Identifier [Axis]: DTE Enterprises, LLC, Class A Preferred Member Units | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 8% | [11] | 8% | [14] | ||
PIK Rate | 8% | [11] | 8% | [14] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14] | $ 260 | ||||
Ending balance | [11] | $ 0 | ||||
Investment, Identifier [Axis]: DTE Enterprises, LLC, Class AA Preferred Member Units (non-voting) | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 10% | [11],[19] | 10% | [14],[18] | ||
PIK Rate | 10% | [11],[19] | 10% | [14],[18] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[18] | $ 1,283 | ||||
Ending balance | [11],[19] | 855 | ||||
Investment, Identifier [Axis]: Dalton US Inc., Common Stock | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14] | 60 | ||||
Investment, Identifier [Axis]: Dalton US Inc., Secured Debt | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Ending balance | [11] | 60 | ||||
Investment, Identifier [Axis]: Datacom, LLC, Preferred Member Units | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | 10 | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 10 | 300 | ||||
Gross Additions | 10 | 0 | ||||
Gross Reductions | 0 | 0 | ||||
Ending balance | $ 20 | $ 300 | ||||
Investment, Identifier [Axis]: Datacom, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 7.50% | 7.50% | 7.50% | |||
Amount of Realized Gain/(Loss) | $ 0 | $ 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 1 | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 49 | 25 | ||||
Gross Additions | 25 | 25 | ||||
Gross Reductions | 20 | 0 | ||||
Ending balance | $ 54 | $ 50 | ||||
Investment, Identifier [Axis]: Datacom, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 10% | 10% | 10% | |||
Amount of Realized Gain/(Loss) | $ 0 | $ 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 29 | 30 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 844 | 865 | ||||
Gross Additions | 5 | 6 | ||||
Gross Reductions | 7 | 7 | ||||
Ending balance | 842 | 864 | ||||
Investment, Identifier [Axis]: Digital Products Holdings LLC, Preferred Member Units | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 13 | 13 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 2,459 | [18] | 2,459 | |||
Gross Additions | 0 | 0 | ||||
Gross Reductions | 0 | 0 | ||||
Ending balance | $ 2,459 | [19] | $ 2,459 | |||
Investment, Identifier [Axis]: Digital Products Holdings LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 15.38% | [13] | 14.75% | 15.38% | [16] | |
Spread | 10% | [13] | 10% | 10% | [16] | |
Amount of Realized Gain/(Loss) | $ 0 | $ 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 146 | 144 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 3,673 | [16] | 3,878 | |||
Gross Additions | 6 | 5 | ||||
Gross Reductions | 364 | 82 | ||||
Ending balance | 3,315 | [13] | 3,801 | |||
Investment, Identifier [Axis]: Direct Marketing Solutions, Inc., Preferred Stock | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | (120) | (130) | ||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | 43 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 5,180 | [18] | 5,558 | |||
Gross Additions | 0 | 0 | ||||
Gross Reductions | 120 | 128 | ||||
Ending balance | $ 5,060 | 5,430 | ||||
Investment, Identifier [Axis]: Direct Marketing Solutions, Inc., Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 14% | 14% | ||||
Amount of Realized Gain/(Loss) | $ 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 6 | 1 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 217 | 0 | ||||
Gross Additions | 225 | 0 | ||||
Gross Reductions | 442 | 0 | ||||
Ending balance | $ 0 | [12] | $ 0 | |||
Investment, Identifier [Axis]: Direct Marketing Solutions, Inc., Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 14% | 14% | 14% | |||
Amount of Realized Gain/(Loss) | $ 0 | $ 0 | ||||
Amount of Unrealized Gain/(Loss) | (4) | (4) | ||||
Amount of Interest, Fees or Dividends Credited to Income | 179 | 189 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 5,002 | 5,352 | ||||
Gross Additions | 4 | 4 | ||||
Gross Reductions | 88 | 84 | ||||
Ending balance | 4,918 | 5,272 | ||||
Investment, Identifier [Axis]: Dynamic Communities, LLC, Common Equity | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14] | 0 | ||||
Ending balance | [11] | 0 | ||||
Investment, Identifier [Axis]: Dynamic Communities, LLC, Preferred Equity 1 | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14] | 60 | ||||
Ending balance | [11] | 60 | ||||
Investment, Identifier [Axis]: Dynamic Communities, LLC, Preferred Equity 2 | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14] | 0 | ||||
Ending balance | [11] | $ 0 | ||||
Investment, Identifier [Axis]: Dynamic Communities, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 10.43% | [11],[13] | 10.45% | [14],[16] | ||
Spread | 5% | [11],[13] | 5% | [14],[16] | ||
PIK Rate | 10.43% | [11],[13] | 10.45% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 1,912 | ||||
Ending balance | [11],[13] | $ 1,967 | ||||
Investment, Identifier [Axis]: Dynamic Communities, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.43% | [11],[13] | 12.45% | [14],[16] | ||
Spread | 7% | [11],[13] | 7% | [14],[16] | ||
PIK Rate | 12.43% | [11],[13] | 12.45% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 1,859 | ||||
Ending balance | [11],[13] | 1,926 | ||||
Investment, Identifier [Axis]: Elgin AcquireCo, LLC, Common Stock 1 | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 390 | |||||
Ending balance | 390 | |||||
Investment, Identifier [Axis]: Elgin AcquireCo, LLC, Common Stock 2 | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [28] | 109 | ||||
Ending balance | [29] | $ 109 | ||||
Investment, Identifier [Axis]: Elgin AcquireCo, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread | 6% | [12],[13] | 6% | [15],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [15],[16] | $ 0 | ||||
Ending balance | [12],[13] | $ 0 | ||||
Investment, Identifier [Axis]: Elgin AcquireCo, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12% | 12% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | $ 1,200 | |||||
Ending balance | $ 1,171 | |||||
Investment, Identifier [Axis]: Elgin AcquireCo, LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 9% | 9% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | $ 409 | |||||
Ending balance | $ 408 | |||||
Investment, Identifier [Axis]: Emerald Technologies Acquisition Co, Inc., Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.74% | [8],[13] | 11.79% | [7],[16] | ||
Spread | 6.25% | [8],[13] | 6.25% | [7],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [7],[16] | $ 2,175 | ||||
Ending balance | [8],[13] | $ 2,185 | ||||
Investment, Identifier [Axis]: Engineering Research & Consulting, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | [11],[13],[38] | 13.75% | ||||
Spread | 5.25% | [11],[13],[38] | 5.50% | [14],[15],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[15],[16] | $ 0 | ||||
Ending balance | [11],[13],[38] | $ 176 | ||||
Investment, Identifier [Axis]: Engineering Research & Consulting, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.66% | [11],[13] | 11.98% | [14],[16] | ||
Spread | 6.25% | [11],[13] | 6.50% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 5,095 | ||||
Ending balance | [11],[13] | 5,025 | ||||
Investment, Identifier [Axis]: Escalent, Inc., Common Equity | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14] | 190 | ||||
Ending balance | [11] | $ 200 | ||||
Investment, Identifier [Axis]: Escalent, Inc., Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread | 8% | [11],[12],[13] | 8% | [14],[15],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[15],[16] | $ (9) | ||||
Ending balance | [11],[12],[13] | $ (9) | ||||
Investment, Identifier [Axis]: Escalent, Inc., Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 13.40% | [11],[13] | 13.45% | [14],[16] | ||
Spread | 8% | [11],[13] | 8% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 6,924 | ||||
Ending balance | [11],[13] | $ 6,907 | ||||
Investment, Identifier [Axis]: Event Holdco, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 13.56% | [11],[13] | 12.61% | [14],[16] | ||
Spread | 8% | [11],[13] | 7% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 302 | ||||
Ending balance | [11],[13] | $ 304 | ||||
Investment, Identifier [Axis]: Event Holdco, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 13.56% | [11],[13] | 12.61% | [14],[16] | ||
Spread | 8% | [11],[13] | 7% | [14],[16] | ||
PIK Rate | [11],[13] | 8% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 3,614 | ||||
Ending balance | [11],[13] | 3,705 | ||||
Investment, Identifier [Axis]: Fidelity Government Portfolio Class III Fund | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 5.25% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [41] | $ 3,188 | ||||
Investment, Identifier [Axis]: First American Treasury Obligations Fund Class Z | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 5.17% | 5.23% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [42] | $ 17,656 | ||||
Ending balance | [43] | 13,593 | ||||
Investment, Identifier [Axis]: Flame King Holdings, LLC, Preferred Equity | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | 900 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 170 | 134 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 6,970 | [18] | 4,400 | |||
Gross Additions | 0 | 900 | ||||
Gross Reductions | 0 | 0 | ||||
Ending balance | $ 6,970 | [19] | $ 5,300 | |||
Investment, Identifier [Axis]: Flame King Holdings, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.25% | |||||
Spread | 6.50% | |||||
Amount of Realized Gain/(Loss) | $ 0 | |||||
Amount of Unrealized Gain/(Loss) | (1) | |||||
Amount of Interest, Fees or Dividends Credited to Income | 54 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 1,900 | |||||
Gross Additions | 1 | |||||
Gross Reductions | 1 | |||||
Ending balance | $ 1,900 | |||||
Investment, Identifier [Axis]: Flame King Holdings, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 13.75% | |||||
Spread | 9% | |||||
Amount of Realized Gain/(Loss) | $ 0 | |||||
Amount of Unrealized Gain/(Loss) | (8) | |||||
Amount of Interest, Fees or Dividends Credited to Income | 188 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 5,300 | |||||
Gross Additions | 8 | |||||
Gross Reductions | 8 | |||||
Ending balance | 5,300 | |||||
Investment, Identifier [Axis]: Flip Electronics LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | [11],[13] | 12.17% | ||||
Spread | [11],[13] | 6.75% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Ending balance | [11],[13] | $ 208 | ||||
Investment, Identifier [Axis]: Flip Electronics LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | [11],[13] | 12.17% | ||||
Spread | [11],[13] | 6.75% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Ending balance | [11],[13] | $ 9,544 | ||||
Investment, Identifier [Axis]: Flip Electronics LLC, Secured Debt 3 | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Ending balance | [11] | 210 | ||||
Investment, Identifier [Axis]: Freeport Financial Funds, LP Interests (Freeport First Lien Loan Fund III LP) | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 138 | 134 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 3,705 | [18],[30],[34],[35] | 5,848 | |||
Gross Additions | 0 | 0 | ||||
Gross Reductions | 0 | 536 | ||||
Ending balance | 3,705 | [19],[32],[36],[37] | 5,312 | |||
Investment, Identifier [Axis]: GFG Group, LLC, Preferred Member Units | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | |||||
Amount of Unrealized Gain/(Loss) | (410) | |||||
Amount of Interest, Fees or Dividends Credited to Income | 164 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [18] | 2,870 | ||||
Gross Additions | 0 | |||||
Gross Reductions | 410 | |||||
Ending balance | [19] | $ 2,460 | ||||
Investment, Identifier [Axis]: GFG Group, LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 8% | 8% | ||||
Amount of Realized Gain/(Loss) | $ 0 | |||||
Amount of Unrealized Gain/(Loss) | (4) | |||||
Amount of Interest, Fees or Dividends Credited to Income | 51 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 2,336 | |||||
Gross Additions | 4 | |||||
Gross Reductions | 4 | |||||
Ending balance | 2,336 | |||||
Investment, Identifier [Axis]: GFG Group, LLC., Preferred Member Units | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | |||||
Amount of Unrealized Gain/(Loss) | 110 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 10 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 1,790 | |||||
Gross Additions | 110 | |||||
Gross Reductions | 0 | |||||
Ending balance | $ 1,900 | |||||
Investment, Identifier [Axis]: GFG Group, LLC., Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 9% | |||||
Amount of Realized Gain/(Loss) | $ 0 | |||||
Amount of Unrealized Gain/(Loss) | (4) | |||||
Amount of Interest, Fees or Dividends Credited to Income | 68 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 2,836 | |||||
Gross Additions | 4 | |||||
Gross Reductions | 4 | |||||
Ending balance | 2,836 | |||||
Investment, Identifier [Axis]: GRT Rubber Technologies LLC, Member Units | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 21 | 21 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 21,890 | 21,890 | ||||
Gross Additions | 0 | 0 | ||||
Gross Reductions | 0 | 0 | ||||
Ending balance | $ 21,890 | [19] | $ 21,890 | |||
Investment, Identifier [Axis]: GRT Rubber Technologies LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.48% | 10.66% | 11.48% | |||
Spread | 6% | 6% | 6% | |||
Amount of Realized Gain/(Loss) | $ 0 | $ 0 | ||||
Amount of Unrealized Gain/(Loss) | (1) | 1 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 35 | 13 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 1,182 | 330 | ||||
Gross Additions | 1 | 145 | ||||
Gross Reductions | 1 | 0 | ||||
Ending balance | $ 1,182 | $ 475 | ||||
Investment, Identifier [Axis]: GRT Rubber Technologies LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 13.48% | 12.66% | 13.48% | |||
Spread | 8% | 8% | 8% | |||
Amount of Realized Gain/(Loss) | $ 0 | $ 0 | ||||
Amount of Unrealized Gain/(Loss) | (12) | (12) | ||||
Amount of Interest, Fees or Dividends Credited to Income | 692 | 634 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 19,944 | 19,943 | ||||
Gross Additions | 12 | 13 | ||||
Gross Reductions | 12 | 12 | ||||
Ending balance | 19,944 | 19,944 | ||||
Investment, Identifier [Axis]: Gamber-Johnson Holdings, LLC, Member Units | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | 2,460 | 2,117 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 372 | 393 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 24,180 | [18] | 12,720 | |||
Gross Additions | 2,460 | 2,120 | ||||
Gross Reductions | 0 | 0 | ||||
Ending balance | $ 26,640 | [19] | $ 14,840 | |||
Investment, Identifier [Axis]: Gamber-Johnson Holdings, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 10% | |||||
Spread | 7% | [12],[13],[22] | 8.50% | 7.50% | [15],[16],[23] | |
Amount of Realized Gain/(Loss) | $ 0 | $ 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 0 | [15],[16],[23] | 0 | |||
Gross Additions | 0 | 0 | ||||
Gross Reductions | 0 | 0 | ||||
Ending balance | $ 0 | [12],[13],[22] | $ 0 | |||
Investment, Identifier [Axis]: Gamber-Johnson Holdings, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 10% | [13],[22] | 11.50% | 10.50% | [16],[23] | |
Spread | 7% | [13],[22] | 8.50% | 7.50% | [16],[23] | |
Amount of Realized Gain/(Loss) | $ 0 | $ 0 | ||||
Amount of Unrealized Gain/(Loss) | (17) | (17) | ||||
Amount of Interest, Fees or Dividends Credited to Income | 353 | 474 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 13,520 | [16],[23] | 16,020 | |||
Gross Additions | 17 | 17 | ||||
Gross Reductions | 417 | 217 | ||||
Ending balance | 13,120 | [13],[22] | 15,820 | |||
Investment, Identifier [Axis]: Garyline, LLC, Common Equity | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14] | 210 | ||||
Investment, Identifier [Axis]: Garyline, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread | [14],[15],[16] | 6.75% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[15],[16] | (76) | ||||
Investment, Identifier [Axis]: Garyline, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | [14],[16] | 12.22% | ||||
Spread | [14],[16] | 6.75% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | 9,384 | ||||
Investment, Identifier [Axis]: Gulf Publishing Holdings, LLC, Member Units | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 0 | 0 | ||||
Gross Additions | 0 | 0 | ||||
Gross Reductions | 0 | 0 | ||||
Ending balance | 0 | 0 | ||||
Investment, Identifier [Axis]: Gulf Publishing Holdings, LLC, Preferred Equity | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | (240) | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 620 | 950 | ||||
Gross Additions | 0 | 0 | ||||
Gross Reductions | 240 | 0 | ||||
Ending balance | $ 380 | $ 950 | ||||
Investment, Identifier [Axis]: Gulf Publishing Holdings, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 14.98% | |||||
Spread | 9.50% | [12],[13] | 9.50% | 9.50% | [15],[16] | |
Amount of Realized Gain/(Loss) | $ 0 | $ 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 0 | [15],[16] | 0 | |||
Gross Additions | 0 | 0 | ||||
Gross Reductions | 0 | 0 | ||||
Ending balance | $ 0 | [12],[13] | $ 0 | |||
Investment, Identifier [Axis]: Gulf Publishing Holdings, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.50% | 12.50% | 12.50% | |||
Amount of Realized Gain/(Loss) | $ 0 | $ 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 19 | 19 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 571 | 571 | ||||
Gross Additions | 0 | 0 | ||||
Gross Reductions | 0 | 0 | ||||
Ending balance | 571 | 571 | ||||
Investment, Identifier [Axis]: HDC/HW Intermediate Holdings, Common Equity | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Ending balance | [11] | $ 0 | ||||
Investment, Identifier [Axis]: HDC/HW Intermediate Holdings, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 9.07% | [11],[13] | 14.34% | [14],[16],[26] | ||
Spread | 3.50% | [11],[13] | 9.50% | [14],[16],[26] | ||
PIK Rate | 2.50% | [11],[13] | 14.34% | [14],[16],[26] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16],[26] | $ 186 | ||||
Ending balance | [11],[13] | $ 1,254 | ||||
Investment, Identifier [Axis]: HDC/HW Intermediate Holdings, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 2.50% | [11],[24] | 14.34% | [14],[16],[26] | ||
Spread | 2.50% | [11],[24] | 9.50% | [14],[16],[26] | ||
PIK Rate | 2.50% | [11],[24] | 14.34% | [14],[16],[26] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16],[26] | $ 1,849 | ||||
Ending balance | [11],[24] | $ 401 | ||||
Investment, Identifier [Axis]: HEADLANDS OP-CO LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread | 6.50% | [11],[12],[13] | 6.50% | [14],[15],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[15],[16] | $ (14) | ||||
Ending balance | [11],[12],[13] | $ (13) | ||||
Investment, Identifier [Axis]: HEADLANDS OP-CO LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.83% | [11],[13] | 11.86% | [14],[16] | ||
Spread | 6.50% | [11],[13] | 6.50% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 1,995 | ||||
Ending balance | [11],[13] | $ 1,990 | ||||
Investment, Identifier [Axis]: HEADLANDS OP-CO LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.83% | [11],[13] | 11.86% | [14],[16] | ||
Spread | 6.50% | [11],[13] | 6.50% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 4,925 | ||||
Ending balance | [11],[13] | 4,913 | ||||
Investment, Identifier [Axis]: HPEP 3, L.P., LP Interests (HPEP 3, L.P.) | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | 113 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 4,225 | 4,331 | ||||
Gross Additions | 0 | 113 | ||||
Gross Reductions | 0 | 508 | ||||
Ending balance | 4,225 | 3,936 | ||||
Investment, Identifier [Axis]: Harris Preston Fund Investments, LP Interests (2717 MH, L.P.) | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 10 | 631 | ||||
Amount of Unrealized Gain/(Loss) | 0 | (675) | ||||
Amount of Interest, Fees or Dividends Credited to Income | 40 | 141 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 6,050 | [18],[30],[34],[35] | 7,552 | |||
Gross Additions | 10 | 1,031 | ||||
Gross Reductions | 10 | 1,574 | ||||
Ending balance | 6,050 | [19],[32],[36],[37] | 7,009 | |||
Investment, Identifier [Axis]: Harris Preston Fund Investments, LP Interests (HPEP 3, L.P.) | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [30],[34],[35] | 4,225 | ||||
Ending balance | [19],[32],[36],[37] | 4,225 | ||||
Investment, Identifier [Axis]: Hawk Ridge Systems, LLC, Preferred Member Units 1 | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 4,370 | |||||
Ending balance | [19] | 4,470 | ||||
Investment, Identifier [Axis]: Hawk Ridge Systems, LLC, Preferred Member Units 2 | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [28] | 230 | ||||
Ending balance | [29] | $ 240 | ||||
Investment, Identifier [Axis]: Hawk Ridge Systems, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.53% | [13] | 11.65% | [16] | ||
Spread | 6% | [13] | 6% | [16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [16] | $ 494 | ||||
Ending balance | [13] | $ 359 | ||||
Investment, Identifier [Axis]: Hawk Ridge Systems, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.50% | 12.50% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | $ 9,744 | |||||
Ending balance | $ 9,744 | |||||
Investment, Identifier [Axis]: Hybrid Promotions, LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 15.84% | [11],[13] | 15.91% | [14],[16] | ||
Spread | 8.25% | [11],[13] | 8.25% | [14],[16] | ||
PIK Rate | 2% | [11],[13] | 2% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 7,313 | ||||
Ending balance | [11],[13] | 7,840 | ||||
Investment, Identifier [Axis]: IG Investor, LLC, Common Equity | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | |||||
Amount of Unrealized Gain/(Loss) | 0 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 3,600 | |||||
Gross Additions | 0 | |||||
Gross Reductions | 0 | |||||
Ending balance | $ 3,600 | |||||
Investment, Identifier [Axis]: IG Investor, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 13% | |||||
Amount of Realized Gain/(Loss) | $ 0 | |||||
Amount of Unrealized Gain/(Loss) | 0 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 2 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [15] | (27) | ||||
Gross Additions | 2 | |||||
Gross Reductions | 0 | |||||
Ending balance | [12] | $ (25) | ||||
Investment, Identifier [Axis]: IG Investor, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 13% | 13% | ||||
Amount of Realized Gain/(Loss) | $ 0 | |||||
Amount of Unrealized Gain/(Loss) | 0 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 319 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 9,069 | |||||
Gross Additions | 17 | |||||
Gross Reductions | 111 | |||||
Ending balance | $ 8,975 | |||||
Investment, Identifier [Axis]: IG Parent Corporation, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread | 5.75% | [8],[12],[13] | 5.75% | [7],[15],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [7],[15],[16] | $ 0 | ||||
Ending balance | [8],[12],[13] | $ 0 | ||||
Investment, Identifier [Axis]: IG Parent Corporation, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 10.93% | [8],[13] | 10.96% | [7],[16] | ||
Spread | 5.50% | [8],[13] | 5.50% | [7],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [7],[16] | $ 6,266 | ||||
Ending balance | [8],[13] | $ 6,250 | ||||
Investment, Identifier [Axis]: IG Parent Corporation, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 10.93% | [8],[13] | 10.96% | [7],[16] | ||
Spread | 5.50% | [8],[13] | 5.50% | [7],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [7],[16] | $ 1,942 | ||||
Ending balance | [8],[13] | $ 1,937 | ||||
Investment, Identifier [Axis]: INW Manufacturing, LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.31% | [8],[13] | 11.36% | [7],[16] | ||
Spread | 5.75% | [8],[13] | 5.75% | [7],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [7],[16] | $ 5,325 | ||||
Ending balance | [8],[13] | $ 5,250 | ||||
Investment, Identifier [Axis]: ITA Holdings Group, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 16.53% | [13] | 16.59% | [16] | ||
Spread | 9% | [13] | 9% | [16] | ||
PIK Rate | 2% | [13] | 2% | [16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [16] | $ 201 | ||||
Ending balance | [13] | $ 203 | ||||
Investment, Identifier [Axis]: ITA Holdings Group, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 16.53% | [13] | 16.59% | [16] | ||
Spread | 9% | [13] | 9% | [16] | ||
PIK Rate | 2% | [13] | 2% | [16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [16] | $ 174 | ||||
Ending balance | [13] | $ 175 | ||||
Investment, Identifier [Axis]: ITA Holdings Group, LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 15.53% | [13] | 15.59% | [16] | ||
Spread | 8% | [13] | 8% | [16] | ||
PIK Rate | 2% | [13] | 2% | [16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [16] | $ 842 | ||||
Ending balance | [13] | $ 871 | ||||
Investment, Identifier [Axis]: ITA Holdings Group, LLC, Secured Debt 4 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 17.53% | [13] | 17.59% | [16] | ||
Spread | 10% | [13] | 10% | [16] | ||
PIK Rate | 2% | [13] | 2% | [16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [16] | $ 848 | ||||
Ending balance | [13] | 871 | ||||
Investment, Identifier [Axis]: ITA Holdings Group, LLC, Warrants | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [9] | 523 | ||||
Ending balance | [10] | 523 | ||||
Investment, Identifier [Axis]: Imaging Business Machines, L.L.C., Common Equity | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14] | 550 | ||||
Ending balance | [11] | $ 600 | ||||
Investment, Identifier [Axis]: Imaging Business Machines, L.L.C., Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.27% | [11],[13],[38] | 12.41% | [14],[16],[44] | ||
Spread | 7% | [11],[13],[38] | 7% | [14],[16],[44] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16],[44] | $ 786 | ||||
Ending balance | [11],[13],[38] | $ 593 | ||||
Investment, Identifier [Axis]: Imaging Business Machines, L.L.C., Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.25% | [11],[13] | 12.45% | [14],[16] | ||
Spread | 7% | [11],[13] | 7% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 10,318 | ||||
Ending balance | [11],[13] | $ 10,358 | ||||
Investment, Identifier [Axis]: Implus Footcare, LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 14.21% | [11],[13] | 14.25% | [14],[16] | ||
Spread | 7.75% | [11],[13] | 7.75% | [14],[16] | ||
PIK Rate | 1% | [11],[13] | 1% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 15,816 | ||||
Ending balance | [11],[13] | 16,103 | ||||
Investment, Identifier [Axis]: Independent Pet Partners Intermediate Holdings, LLC, Common Equity | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | |||||
Amount of Unrealized Gain/(Loss) | 80 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14] | 6,320 | ||||
Gross Additions | 80 | |||||
Gross Reductions | 0 | |||||
Ending balance | [11] | 6,400 | ||||
Investment, Identifier [Axis]: Industrial Services Acquisition, LLC, Member Units | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[28] | 1,610 | ||||
Investment, Identifier [Axis]: Industrial Services Acquisition, LLC, Preferred Member Units 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | [14],[18],[28] | 10% | ||||
PIK Rate | [14],[18],[28] | 10% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[18],[28] | 415 | ||||
Investment, Identifier [Axis]: Industrial Services Acquisition, LLC, Preferred Member Units 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | [14],[18],[28] | 20% | ||||
PIK Rate | [14],[18],[28] | 20% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[18],[28] | 279 | ||||
Investment, Identifier [Axis]: Industrial Services Acquisition, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | [14],[16],[45] | 12.22% | ||||
Spread | [14],[16],[45] | 6.75% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16],[45] | 752 | ||||
Investment, Identifier [Axis]: Industrial Services Acquisition, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | [14],[16] | 12.22% | ||||
Spread | [14],[16] | 6.75% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | 11,436 | ||||
Investment, Identifier [Axis]: Infinity X1 Holdings, LLC, Preferred Equity | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 1,000 | |||||
Ending balance | [19] | $ 1,092 | ||||
Investment, Identifier [Axis]: Infinity X1 Holdings, LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 13% | 13% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | $ 4,314 | |||||
Ending balance | $ 4,263 | |||||
Investment, Identifier [Axis]: Infolinks Media Buyco, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.18% | [11],[13] | 11.21% | [14],[16] | ||
Spread | 5.75% | [11],[13] | 5.75% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 1,881 | ||||
Ending balance | [11],[13] | $ 1,876 | ||||
Investment, Identifier [Axis]: Infolinks Media Buyco, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.18% | [11],[13] | 11.21% | [14],[16] | ||
Spread | 5.75% | [11],[13] | 5.75% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 9,690 | ||||
Ending balance | [11],[13] | 9,564 | ||||
Investment, Identifier [Axis]: Insight Borrower Corporation, Common Equity | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14] | 239 | ||||
Ending balance | [11] | $ 160 | ||||
Investment, Identifier [Axis]: Insight Borrower Corporation, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread | 6.25% | [11],[12],[13] | 6.25% | [14],[15],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[15],[16] | $ (40) | ||||
Ending balance | [11],[12],[13] | $ (38) | ||||
Investment, Identifier [Axis]: Insight Borrower Corporation, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread | 6.25% | [11],[12],[13] | 6.25% | [14],[15],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[15],[16] | $ (33) | ||||
Ending balance | [11],[12],[13] | $ (31) | ||||
Investment, Identifier [Axis]: Insight Borrower Corporation, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.56% | [11],[13] | 11.65% | [14],[16] | ||
Spread | 6.25% | [11],[13] | 6.25% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 8,287 | ||||
Ending balance | [11],[13] | 8,209 | ||||
Investment, Identifier [Axis]: Inspire Aesthetics Management, LLC, Common Equity | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14] | 190 | ||||
Ending balance | [11] | $ 190 | ||||
Investment, Identifier [Axis]: Inspire Aesthetics Management, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 13.44% | [11],[13],[38] | 13.53% | [14],[16],[46] | ||
Spread | 8% | [11],[13],[38] | 8% | [14],[16],[46] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16],[46] | $ 664 | ||||
Ending balance | [11],[13],[38] | $ 652 | ||||
Investment, Identifier [Axis]: Inspire Aesthetics Management, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 13.48% | [11],[13] | 13.55% | [14],[16] | ||
Spread | 8% | [11],[13] | 8% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 6,144 | ||||
Ending balance | [11],[13] | $ 6,017 | ||||
Investment, Identifier [Axis]: Inspire Aesthetics Management, LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 13.48% | [11],[13] | 13.55% | [14],[16] | ||
Spread | 8% | [11],[13] | 8% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 1,237 | ||||
Ending balance | [11],[13] | 1,212 | ||||
Investment, Identifier [Axis]: Integral Energy Services, Common Stock | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | |||||
Amount of Unrealized Gain/(Loss) | 170 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 13 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14] | 190 | ||||
Gross Additions | 170 | |||||
Gross Reductions | 0 | |||||
Ending balance | [11] | $ 360 | ||||
Investment, Identifier [Axis]: Integral Energy Services, Preferred Equity | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 10% | [11],[19] | 10% | [14] | ||
PIK Rate | 10% | [11],[19] | 10% | [14] | ||
Amount of Realized Gain/(Loss) | $ 0 | |||||
Amount of Unrealized Gain/(Loss) | 0 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 10 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14] | 350 | ||||
Gross Additions | 10 | |||||
Gross Reductions | 0 | |||||
Ending balance | [11],[19] | $ 360 | ||||
Investment, Identifier [Axis]: Integral Energy Services, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 13.09% | [11],[13] | 13.16% | [14],[16] | ||
Spread | 7.50% | [11],[13] | 7.50% | [14],[16] | ||
Amount of Realized Gain/(Loss) | $ 0 | |||||
Amount of Unrealized Gain/(Loss) | 277 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 595 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | 16,232 | ||||
Gross Additions | 312 | |||||
Gross Reductions | 1,585 | |||||
Ending balance | [11],[13] | 14,959 | ||||
Investment, Identifier [Axis]: Interface Security Systems, L.L.C, Common Stock | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14] | 0 | ||||
Ending balance | [11] | $ 0 | ||||
Investment, Identifier [Axis]: Interface Security Systems, L.L.C, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 15.43% | [11],[27],[38] | 15.48% | [14],[26],[47] | ||
Spread | 10% | [11],[27],[38] | 10% | [14],[26],[47] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[26],[47] | $ 1,781 | ||||
Ending balance | [11],[27],[38] | $ 1,680 | ||||
Investment, Identifier [Axis]: Interface Security Systems, L.L.C, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.43% | [11],[13],[24],[27] | 12.46% | [14],[16],[25],[26] | ||
Spread | 7% | [11],[13],[24],[27] | 7% | [14],[16],[25],[26] | ||
PIK Rate | 12.43% | [11],[13],[24],[27] | 12.46% | [14],[16],[25],[26] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16],[25],[26] | $ 433 | ||||
Ending balance | [11],[13],[24],[27] | $ 17 | ||||
Investment, Identifier [Axis]: Intermedia Holdings, Inc., Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.43% | [8],[13] | 11.47% | [7],[16] | ||
Spread | 6% | [8],[13] | 6% | [7],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [7],[16] | $ 5,370 | ||||
Ending balance | [8],[13] | $ 7,037 | ||||
Investment, Identifier [Axis]: Invincible Boat Company, LLC., Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.96% | [11],[13] | 12% | [14],[16] | ||
Spread | 6.50% | [11],[13] | 6.50% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 509 | ||||
Ending balance | [11],[13] | $ 103 | ||||
Investment, Identifier [Axis]: Invincible Boat Company, LLC., Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.96% | [11],[13] | 12% | [14],[16] | ||
Spread | 6.50% | [11],[13] | 6.50% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 16,515 | ||||
Ending balance | [11],[13] | 16,615 | ||||
Investment, Identifier [Axis]: Iron-Main Investments, LLC, Common Stock | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 670 | |||||
Ending balance | $ 669 | |||||
Investment, Identifier [Axis]: Iron-Main Investments, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 13.50% | 13.50% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | $ 1,108 | |||||
Ending balance | $ 1,110 | |||||
Investment, Identifier [Axis]: Iron-Main Investments, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 13.50% | 13.50% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | $ 722 | |||||
Ending balance | $ 723 | |||||
Investment, Identifier [Axis]: Iron-Main Investments, LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 13.50% | 13.50% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | $ 2,236 | |||||
Ending balance | $ 2,236 | |||||
Investment, Identifier [Axis]: Iron-Main Investments, LLC, Secured Debt 4 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 13.50% | 13.50% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | $ 4,815 | |||||
Ending balance | $ 4,820 | |||||
Investment, Identifier [Axis]: Iron-Main Investments, LLC, Secured Debt 5 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 13.50% | 13.50% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | $ 2,525 | |||||
Ending balance | 2,484 | |||||
Investment, Identifier [Axis]: Isagenix International, LLC, Common Equity | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [7] | 0 | ||||
Ending balance | [8] | $ 0 | ||||
Investment, Identifier [Axis]: Isagenix International, LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.03% | [8],[13] | 11.04% | [7],[16] | ||
Spread | 5.50% | [8],[13] | 5.50% | [7],[16] | ||
PIK Rate | 8.54% | [8],[13] | 8.54% | [7],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [7],[16] | $ 2,301 | ||||
Ending balance | [8],[13] | 2,417 | ||||
Investment, Identifier [Axis]: JTI Electrical & Mechanical, LLC, Common Equity | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14] | 140 | ||||
Ending balance | [11] | $ 110 | ||||
Investment, Identifier [Axis]: JTI Electrical & Mechanical, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.57% | [11],[13],[38] | 11.64% | [14],[16],[48] | ||
Spread | 6% | [11],[13],[38] | 6% | [14],[16],[48] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16],[48] | $ 261 | ||||
Ending balance | [11],[13],[38] | $ 612 | ||||
Investment, Identifier [Axis]: JTI Electrical & Mechanical, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.55% | [11],[13] | 11.61% | [14],[16] | ||
Spread | 6% | [11],[13] | 6% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 3,000 | ||||
Ending balance | [11],[13] | $ 2,980 | ||||
Investment, Identifier [Axis]: JTI Electrical & Mechanical, LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | [11],[13] | 11.55% | ||||
Spread | [11],[13] | 6% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Ending balance | [11],[13] | $ 279 | ||||
Investment, Identifier [Axis]: Jackmont Hospitality, Inc., Preferred Equity | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14] | 2,190 | ||||
Ending balance | [11] | $ 2,190 | ||||
Investment, Identifier [Axis]: Jackmont Hospitality, Inc., Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.46% | [11],[13],[17] | 12.46% | [14],[16],[49] | ||
Spread | 7% | [11],[13],[17] | 7% | [14],[16],[49] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16],[49] | $ 1,675 | ||||
Ending balance | [11],[13],[17] | $ 1,663 | ||||
Investment, Identifier [Axis]: Jackmont Hospitality, Inc., Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 15.48% | [11],[13] | 12.46% | [14],[16] | ||
Spread | 10% | [11],[13] | 7% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 3,948 | ||||
Ending balance | [11],[13] | $ 287 | ||||
Investment, Identifier [Axis]: Jackmont Hospitality, Inc., Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | [11],[13] | 12.46% | ||||
Spread | [11],[13] | 7% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Ending balance | [11],[13] | $ 3,895 | ||||
Investment, Identifier [Axis]: Joerns Healthcare, LLC, Common Stock | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [7] | 0 | ||||
Investment, Identifier [Axis]: Joerns Healthcare, LLC, Common Stock 1 | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Ending balance | [8] | 0 | ||||
Investment, Identifier [Axis]: Joerns Healthcare, LLC, Common Stock 2 | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Ending balance | [8] | $ 166 | ||||
Investment, Identifier [Axis]: Joerns Healthcare, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 21.59% | [8],[13],[24] | 23.63% | [7],[16],[25] | ||
Spread | 16% | [8],[13],[24] | 18% | [7],[16],[25] | ||
PIK Rate | 21.59% | [8],[13],[24] | 23.63% | [7],[16],[25] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [7],[16],[25] | $ 1,747 | ||||
Ending balance | [8],[13],[24] | $ 0 | ||||
Investment, Identifier [Axis]: Joerns Healthcare, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 21.59% | [8],[13],[24] | 21.63% | [7],[16],[25] | ||
Spread | 16% | [8],[13],[24] | 16% | [7],[16],[25] | ||
PIK Rate | 21.59% | [8],[13],[24] | 21.63% | [7],[16],[25] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [7],[16],[25] | $ 121 | ||||
Ending balance | [8],[13],[24] | $ 0 | ||||
Investment, Identifier [Axis]: Joerns Healthcare, LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 14.31% | [8],[13] | 21.63% | [7],[16],[25] | ||
Spread | 8.75% | [8],[13] | 16% | [7],[16],[25] | ||
PIK Rate | 6% | [8],[13] | 21.63% | [7],[16],[25] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [7],[16],[25] | $ 117 | ||||
Ending balance | [8],[13] | $ 1,615 | ||||
Investment, Identifier [Axis]: Joerns Healthcare, LLC, Secured Debt 4 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | [8],[13] | 14.31% | ||||
Spread | [8],[13] | 8.75% | ||||
PIK Rate | [8],[13] | 6% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Ending balance | [8],[13] | $ 982 | ||||
Investment, Identifier [Axis]: Johnson Downie Opco, LLC, Preferred Equity | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 1,070 | |||||
Ending balance | [19] | 1,080 | ||||
Investment, Identifier [Axis]: Johnson Downie Opco, LLC, Secured Debt 1 | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [15] | 0 | ||||
Ending balance | [12] | $ 0 | ||||
Investment, Identifier [Axis]: Johnson Downie Opco, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 15% | 15% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | $ 2,690 | |||||
Ending balance | 2,690 | |||||
Investment, Identifier [Axis]: JorVet Holdings, LLC, Preferred Equity | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [18] | 1,193 | ||||
Ending balance | [19] | $ 1,193 | ||||
Investment, Identifier [Axis]: JorVet Holdings, LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12% | 12% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | $ 2,814 | |||||
Ending balance | $ 2,816 | |||||
Investment, Identifier [Axis]: KMS, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 14.70% | [11],[13] | 14.75% | [14],[16] | ||
Spread | 9.25% | [11],[13] | 9.25% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 1,180 | ||||
Ending balance | [11],[13] | $ 1,197 | ||||
Investment, Identifier [Axis]: KMS, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 14.70% | [11],[13] | 14.75% | [14],[16] | ||
Spread | 9.25% | [11],[13] | 9.25% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 8,475 | ||||
Ending balance | [11],[13] | 8,627 | ||||
Investment, Identifier [Axis]: Kickhaefer Manufacturing Company, LLC, Member Units | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | (18) | ||||
Amount of Interest, Fees or Dividends Credited to Income | 8 | 7 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 683 | [28] | 713 | |||
Gross Additions | 0 | 0 | ||||
Gross Reductions | 0 | 18 | ||||
Ending balance | 683 | [19],[29] | 695 | |||
Investment, Identifier [Axis]: Kickhaefer Manufacturing Company, LLC, Preferred Equity | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | 220 | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 2,420 | 1,800 | ||||
Gross Additions | 220 | 0 | ||||
Gross Reductions | 0 | 0 | ||||
Ending balance | $ 2,640 | $ 1,800 | ||||
Investment, Identifier [Axis]: Kickhaefer Manufacturing Company, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12% | 12% | 12% | |||
Amount of Realized Gain/(Loss) | $ 0 | $ 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 152 | 199 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 4,933 | 5,093 | ||||
Gross Additions | 1 | 53 | ||||
Gross Reductions | 0 | 0 | ||||
Ending balance | $ 4,934 | $ 5,146 | ||||
Investment, Identifier [Axis]: Kickhaefer Manufacturing Company, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 9% | 9% | 9% | |||
Amount of Realized Gain/(Loss) | $ 0 | $ 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 22 | 22 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 951 | 961 | ||||
Gross Additions | 0 | 0 | ||||
Gross Reductions | 2 | 3 | ||||
Ending balance | $ 949 | 958 | ||||
Investment, Identifier [Axis]: LL Management, Inc., Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.68% | [11],[13] | 12.71% | [14],[16] | ||
Spread | 7.25% | [11],[13] | 7.25% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 7,960 | ||||
Ending balance | [11],[13] | $ 7,916 | ||||
Investment, Identifier [Axis]: LL Management, Inc., Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.68% | [11],[13] | 12.71% | [14],[16] | ||
Spread | 7.25% | [11],[13] | 7.25% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 5,246 | ||||
Ending balance | [11],[13] | $ 5,220 | ||||
Investment, Identifier [Axis]: LL Management, Inc., Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.68% | [11],[13] | 12.71% | [14],[16] | ||
Spread | 7.25% | [11],[13] | 7.25% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 0 | ||||
Ending balance | [11],[13] | $ 0 | ||||
Investment, Identifier [Axis]: LL Management, Inc., Secured Debt 4 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.68% | [11],[13] | 12.71% | [14],[16] | ||
Spread | 7.25% | [11],[13] | 7.25% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 871 | ||||
Ending balance | [11],[13] | $ 867 | ||||
Investment, Identifier [Axis]: LL Management, Inc., Secured Debt 5 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.68% | [11],[13] | 12.71% | [14],[16] | ||
Spread | 7.25% | [11],[13] | 7.25% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 8,822 | ||||
Ending balance | [11],[13] | $ 8,780 | ||||
Investment, Identifier [Axis]: LLFlex, LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 15.48% | [11],[13] | 15.54% | [14],[16] | ||
Spread | 9% | [11],[13] | 9% | [14],[16] | ||
PIK Rate | 1% | [11],[13] | 1% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 4,417 | ||||
Ending balance | [11],[13] | $ 4,525 | ||||
Investment, Identifier [Axis]: Lightbox Holdings, L.P., Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 10.56% | [8] | 10.62% | [7] | ||
Spread | 5% | [8] | 5% | [7] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [7] | $ 5,592 | ||||
Ending balance | [8] | $ 5,578 | ||||
Investment, Identifier [Axis]: Logix Acquisition Company, LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 13.25% | [11],[13] | 13.25% | [14],[16] | ||
Spread | 4.75% | [11],[13] | 4.75% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 9,069 | ||||
Ending balance | [11],[13] | 8,957 | ||||
Investment, Identifier [Axis]: MB2 Dental Solutions, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | [7],[16] | 11.46% | ||||
Spread | [7],[16] | 6% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [7],[16] | 2,803 | ||||
Investment, Identifier [Axis]: MB2 Dental Solutions, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | [7],[16] | 11.46% | ||||
Spread | [7],[16] | 6% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [7],[16] | 3,925 | ||||
Investment, Identifier [Axis]: MB2 Dental Solutions, LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | [7],[16] | 11.46% | ||||
Spread | [7],[16] | 6% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [7],[16] | 3,464 | ||||
Investment, Identifier [Axis]: MB2 Dental Solutions, LLC, Secured Debt 4 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | [7],[16] | 11.46% | ||||
Spread | [7],[16] | 6% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [7],[16] | 7,796 | ||||
Investment, Identifier [Axis]: MH Corbin Holding LLC, Preferred Member Units 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 80 | 0 | ||||
Gross Additions | 0 | 0 | ||||
Gross Reductions | 0 | 0 | ||||
Ending balance | 80 | 0 | ||||
Investment, Identifier [Axis]: MH Corbin Holding LLC, Preferred Member Units 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 0 | 0 | ||||
Gross Additions | 0 | 0 | ||||
Gross Reductions | 0 | 0 | ||||
Ending balance | $ 0 | $ 0 | ||||
Investment, Identifier [Axis]: MH Corbin Holding LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 14% | 13% | 13% | [26] | ||
Amount of Realized Gain/(Loss) | $ 0 | $ 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | 238 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 46 | 49 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 1,256 | [26] | 1,137 | |||
Gross Additions | 0 | 238 | ||||
Gross Reductions | 20 | 29 | ||||
Ending balance | $ 1,236 | 1,346 | ||||
Investment, Identifier [Axis]: Mako Steel, LP, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread | 6.75% | [11],[12],[13] | 6.75% | [14],[15],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[15],[16] | $ 0 | ||||
Ending balance | [11],[12],[13] | $ 0 | ||||
Investment, Identifier [Axis]: Mako Steel, LP, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.23% | [11],[13] | 12.28% | [14],[16] | ||
Spread | 6.75% | [11],[13] | 6.75% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 16,721 | ||||
Ending balance | [11],[13] | $ 16,503 | ||||
Investment, Identifier [Axis]: Mako Steel, LP, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | [11],[13] | 12.98% | ||||
Spread | [11],[13] | 7.50% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Ending balance | [11],[13] | $ 5,000 | ||||
Investment, Identifier [Axis]: Market Force Information, LLC, Member Units | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | |||||
Amount of Unrealized Gain/(Loss) | 0 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 0 | |||||
Gross Additions | 0 | |||||
Gross Reductions | 0 | |||||
Ending balance | $ 0 | |||||
Investment, Identifier [Axis]: Market Force Information, LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12% | |||||
PIK Rate | 12% | |||||
Amount of Realized Gain/(Loss) | $ 0 | |||||
Amount of Unrealized Gain/(Loss) | (403) | |||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 403 | |||||
Gross Additions | 0 | |||||
Gross Reductions | 403 | |||||
Ending balance | 0 | |||||
Investment, Identifier [Axis]: Metalforming Holdings, LLC, Common Stock | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 110 | |||||
Ending balance | [19] | $ 180 | ||||
Investment, Identifier [Axis]: Metalforming Holdings, LLC, Preferred Equity | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 8% | [19] | 8% | [18] | ||
PIK Rate | 8% | [19] | 8% | [18] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [18] | $ 443 | ||||
Ending balance | [19] | 443 | ||||
Investment, Identifier [Axis]: Metalforming Holdings, LLC, Secured Debt 1 | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [15] | 0 | ||||
Ending balance | [12] | $ 0 | ||||
Investment, Identifier [Axis]: Metalforming Holdings, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.75% | 12.75% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | $ 1,707 | |||||
Ending balance | $ 1,628 | |||||
Investment, Identifier [Axis]: Microbe Formulas, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread | 6.25% | [11],[12],[13] | 6.25% | [14],[15],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[15],[16] | $ (6) | ||||
Ending balance | [11],[12],[13] | $ (6) | ||||
Investment, Identifier [Axis]: Microbe Formulas, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.43% | [11],[13] | 11.46% | [14],[16] | ||
Spread | 6% | [11],[13] | 6% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 2,671 | ||||
Ending balance | [11],[13] | $ 2,671 | ||||
Investment, Identifier [Axis]: Mills Fleet Farm Group, LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.46% | [11],[13] | 12.52% | [14],[16] | ||
Spread | 7% | [11],[13] | 7% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 17,524 | ||||
Ending balance | [11],[13] | 17,662 | ||||
Investment, Identifier [Axis]: Mini Melts of America, LLC, Common Equity | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14] | 300 | ||||
Ending balance | [11] | $ 300 | ||||
Investment, Identifier [Axis]: Mini Melts of America, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | [11],[13],[38] | 11.57% | ||||
Spread | 6.25% | [11],[13],[38] | 6.25% | [14],[15],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[15],[16] | $ (28) | ||||
Ending balance | [11],[13],[38] | $ 517 | ||||
Investment, Identifier [Axis]: Mini Melts of America, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | [11],[13],[17] | 11.58% | ||||
Spread | 6.25% | [11],[13],[17] | 6.25% | [14],[15],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[15],[16] | $ (10) | ||||
Ending balance | [11],[13],[17] | $ 446 | ||||
Investment, Identifier [Axis]: Mini Melts of America, LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 10.59% | [11],[13] | 10.64% | [14],[16] | ||
Spread | 5.25% | [11],[13] | 5.25% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 3,149 | ||||
Ending balance | [11],[13] | $ 3,193 | ||||
Investment, Identifier [Axis]: Mini Melts of America, LLC, Secured Debt 4 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.59% | [11],[13] | 12.64% | [14],[16] | ||
Spread | 7.25% | [11],[13] | 7.25% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 3,146 | ||||
Ending balance | [11],[13] | 3,193 | ||||
Investment, Identifier [Axis]: MonitorUS Holding, LLC, Common Stock | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[30],[31] | 197 | ||||
Ending balance | [11],[32],[33] | $ 197 | ||||
Investment, Identifier [Axis]: MonitorUS Holding, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 14% | [11],[32],[33] | 14% | [14],[30],[31] | ||
PIK Rate | 4% | [11],[32],[33] | 4% | [14],[30],[31] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[30],[31] | $ 1,133 | ||||
Ending balance | [11],[32],[33] | $ 1,119 | ||||
Investment, Identifier [Axis]: MonitorUS Holding, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 14% | [11],[32],[33] | 14% | [14],[30],[31] | ||
PIK Rate | 4% | [11],[32],[33] | 4% | [14],[30],[31] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[30],[31] | $ 3,184 | ||||
Ending balance | [11],[32],[33] | $ 3,143 | ||||
Investment, Identifier [Axis]: MonitorUS Holding, LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 14% | [11],[32],[33] | 14% | [14],[30],[31] | ||
PIK Rate | 4% | [11],[32],[33] | 4% | [14],[30],[31] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[30],[31] | $ 4,957 | ||||
Ending balance | [11],[32],[33] | $ 5,007 | ||||
Investment, Identifier [Axis]: MonitorUS Holding, LLC, Unsecured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | [11],[32],[33] | 8% | ||||
PIK Rate | [11],[32],[33] | 8% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Ending balance | [11],[32],[33] | $ 46 | ||||
Investment, Identifier [Axis]: Mystic Logistics Holdings, LLC, Common Stock | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | 545 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 248 | 248 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 6,598 | [18] | 5,708 | |||
Gross Additions | 0 | 545 | ||||
Gross Reductions | 0 | 0 | ||||
Ending balance | $ 6,598 | [19] | 6,253 | |||
Investment, Identifier [Axis]: Mystic Logistics Holdings, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 10% | |||||
Amount of Realized Gain/(Loss) | $ 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 0 | [15] | 0 | |||
Gross Additions | 0 | 0 | ||||
Gross Reductions | 0 | 0 | ||||
Ending balance | $ 0 | [12] | $ 0 | |||
Investment, Identifier [Axis]: Mystic Logistics Holdings, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 10% | 10% | 10% | |||
Amount of Realized Gain/(Loss) | $ 0 | $ 0 | ||||
Amount of Unrealized Gain/(Loss) | 5 | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 36 | 36 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 1,436 | 1,436 | ||||
Gross Additions | 0 | 0 | ||||
Gross Reductions | 0 | 0 | ||||
Ending balance | 1,436 | 1,436 | ||||
Investment, Identifier [Axis]: NexRev LLC, Preferred Member Units | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | 460 | 470 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 26 | 33 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 1,590 | [18] | 280 | |||
Gross Additions | 460 | 470 | ||||
Gross Reductions | 0 | 0 | ||||
Ending balance | $ 2,050 | [19] | 750 | |||
Investment, Identifier [Axis]: NexRev LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 10% | |||||
Amount of Realized Gain/(Loss) | $ 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 0 | [15] | 0 | |||
Gross Additions | 400 | 0 | ||||
Gross Reductions | 0 | 0 | ||||
Ending balance | $ 400 | $ 0 | ||||
Investment, Identifier [Axis]: NexRev LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 10% | 11% | 10% | |||
Amount of Realized Gain/(Loss) | $ 0 | $ 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | 249 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 66 | 81 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 2,435 | 2,119 | ||||
Gross Additions | 4 | 255 | ||||
Gross Reductions | 0 | 157 | ||||
Ending balance | $ 2,439 | 2,217 | ||||
Investment, Identifier [Axis]: NinjaTrader, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread | 7% | [11],[12],[13] | 7% | [14],[15],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[15],[16] | $ (3) | ||||
Ending balance | [11],[12],[13] | $ (4) | ||||
Investment, Identifier [Axis]: NinjaTrader, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread | 7% | [11],[12],[13] | 7% | [14],[15],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[15],[16] | $ (12) | ||||
Ending balance | [11],[12],[13] | $ (11) | ||||
Investment, Identifier [Axis]: NinjaTrader, LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.48% | [11],[13] | 12.54% | [14],[16] | ||
Spread | 7% | [11],[13] | 7% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 10,991 | ||||
Ending balance | [11],[13] | 14,776 | ||||
Investment, Identifier [Axis]: NinjaTrader, LLC, Secured Debt 4 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | [14],[16] | 12.52% | ||||
Spread | [14],[16] | 7% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | 3,878 | ||||
Investment, Identifier [Axis]: NuStep, LLC, Preferred Member Units 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | |||||
Amount of Unrealized Gain/(Loss) | (100) | |||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 1,290 | 2,010 | ||||
Gross Additions | 0 | |||||
Gross Reductions | 100 | |||||
Ending balance | 1,290 | 1,910 | ||||
Investment, Identifier [Axis]: NuStep, LLC, Preferred Member Units 1.1 | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | |||||
Amount of Unrealized Gain/(Loss) | 240 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 2,310 | |||||
Gross Additions | 240 | |||||
Gross Reductions | 0 | |||||
Ending balance | 2,550 | |||||
Investment, Identifier [Axis]: NuStep, LLC, Preferred Member Units 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | |||||
Amount of Unrealized Gain/(Loss) | 0 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 2,310 | 1,290 | ||||
Gross Additions | 0 | |||||
Gross Reductions | 0 | |||||
Ending balance | 2,550 | $ 1,290 | ||||
Investment, Identifier [Axis]: NuStep, LLC, Preferred Member Units 2.1 | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | |||||
Amount of Unrealized Gain/(Loss) | 0 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 1,290 | |||||
Gross Additions | 0 | |||||
Gross Reductions | 0 | |||||
Ending balance | $ 1,290 | |||||
Investment, Identifier [Axis]: NuStep, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.98% | [13] | 11.25% | 11.98% | [16] | |
Spread | 6.50% | [13] | 6.50% | 6.50% | [16] | |
Amount of Realized Gain/(Loss) | $ 0 | $ 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 28 | 31 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 899 | [16] | 1,100 | |||
Gross Additions | 0 | 0 | ||||
Gross Reductions | 0 | 0 | ||||
Ending balance | $ 899 | [13] | $ 1,100 | |||
Investment, Identifier [Axis]: NuStep, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12% | 12% | 12% | |||
Amount of Realized Gain/(Loss) | $ 0 | $ 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 141 | 139 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 4,606 | 4,603 | ||||
Gross Additions | 1 | 1 | ||||
Gross Reductions | 0 | 0 | ||||
Ending balance | $ 4,607 | 4,604 | ||||
Investment, Identifier [Axis]: Obra Capital, Inc, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | [8] | 11.44% | ||||
Spread | [8] | 6% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Ending balance | [8] | $ 5,977 | ||||
Investment, Identifier [Axis]: Obra Capital, Inc. (f/k/a Vida Capital, Inc.), Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | [7] | 11.47% | ||||
Spread | [7] | 6% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [7] | 6,039 | ||||
Investment, Identifier [Axis]: Oneliance, LLC, Preferred Stock | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 282 | 264 | ||||
Gross Additions | 0 | 0 | ||||
Gross Reductions | 0 | 0 | ||||
Ending balance | $ 282 | $ 264 | ||||
Investment, Identifier [Axis]: Oneliance, LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 16.48% | [13] | 15.75% | 16.48% | [16] | |
Spread | 11% | [13] | 11% | 11% | [16] | |
Amount of Realized Gain/(Loss) | $ 0 | $ 0 | ||||
Amount of Unrealized Gain/(Loss) | 7 | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 58 | 56 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 1,339 | [16] | 1,380 | |||
Gross Additions | 9 | 2 | ||||
Gross Reductions | 21 | 21 | ||||
Ending balance | 1,327 | [13] | 1,361 | |||
Investment, Identifier [Axis]: Orttech Holdings, LLC, Preferred Stock | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | (170) | 430 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 15 | 67 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 4,260 | [18] | 2,940 | |||
Gross Additions | 0 | 430 | ||||
Gross Reductions | 170 | 0 | ||||
Ending balance | $ 4,090 | [19],[29] | $ 3,370 | |||
Investment, Identifier [Axis]: Orttech Holdings, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 16.48% | |||||
Spread | 11% | [12],[13] | 11% | 11% | [15],[16] | |
Amount of Realized Gain/(Loss) | $ 0 | $ 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 0 | [15],[16] | (2) | |||
Gross Additions | 0 | 0 | ||||
Gross Reductions | 0 | 0 | ||||
Ending balance | $ 0 | [12],[13] | $ (2) | |||
Investment, Identifier [Axis]: Orttech Holdings, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 16.48% | [13] | 15.75% | 16.48% | [16] | |
Spread | 11% | [13] | 11% | 11% | [16] | |
Amount of Realized Gain/(Loss) | $ 0 | $ 0 | ||||
Amount of Unrealized Gain/(Loss) | (6) | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 235 | 236 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 5,510 | [16] | 5,814 | |||
Gross Additions | 6 | 9 | ||||
Gross Reductions | 26 | 200 | ||||
Ending balance | 5,490 | [13] | 5,623 | |||
Investment, Identifier [Axis]: Other Amounts related to investments transferred to or from other 1940 Act classification during the period, Affiliate Investments | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | (71) | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 0 | (6,392) | ||||
Gross Additions | 0 | (175) | ||||
Gross Reductions | 0 | (6,567) | ||||
Ending balance | 0 | 0 | ||||
Investment, Identifier [Axis]: Other Amounts related to investments transferred to or from other 1940 Act classification during the period, Control Investments | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 0 | 0 | ||||
Gross Additions | 0 | 0 | ||||
Gross Reductions | 0 | 0 | ||||
Ending balance | $ 0 | 0 | ||||
Investment, Identifier [Axis]: PTL US Bidco, Inc, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.77% | [11],[13],[32],[33],[38] | 12.80% | [14],[16],[30],[31],[50] | ||
Spread | 7.25% | [11],[13],[32],[33],[38] | 7.25% | [14],[16],[30],[31],[50] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16],[30],[31],[50] | $ 196 | ||||
Ending balance | [11],[13],[32],[33],[38] | $ 198 | ||||
Investment, Identifier [Axis]: PTL US Bidco, Inc, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.84% | [11],[13],[32],[33] | 12.88% | [14],[16],[30],[31] | ||
Spread | 7.25% | [11],[13],[32],[33] | 7.25% | [14],[16],[30],[31] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16],[30],[31] | $ 1,720 | ||||
Ending balance | [11],[13],[32],[33] | 1,422 | ||||
Investment, Identifier [Axis]: Paragon Healthcare, Inc., Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread | [14],[15],[16] | 5.75% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[15],[16] | 0 | ||||
Investment, Identifier [Axis]: Paragon Healthcare, Inc., Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | [14],[16],[51] | 11.24% | ||||
Spread | [14],[16],[51] | 5.75% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16],[51] | 421 | ||||
Investment, Identifier [Axis]: Paragon Healthcare, Inc., Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | [14],[16] | 11.25% | ||||
Spread | [14],[16] | 5.75% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | 2,442 | ||||
Investment, Identifier [Axis]: Pinnacle TopCo, LLC, Preferred Equity | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | |||||
Amount of Unrealized Gain/(Loss) | 0 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 79 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 3,135 | |||||
Gross Additions | 0 | |||||
Gross Reductions | 0 | |||||
Ending balance | [19] | $ 3,135 | ||||
Investment, Identifier [Axis]: Pinnacle TopCo, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 8% | 8% | ||||
Amount of Realized Gain/(Loss) | $ 0 | |||||
Amount of Unrealized Gain/(Loss) | 0 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 2 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 105 | |||||
Gross Additions | 0 | |||||
Gross Reductions | 59 | |||||
Ending balance | $ 46 | |||||
Investment, Identifier [Axis]: Pinnacle TopCo, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 13% | 13% | ||||
Amount of Realized Gain/(Loss) | $ 0 | |||||
Amount of Unrealized Gain/(Loss) | 0 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 261 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 7,472 | |||||
Gross Additions | 9 | |||||
Gross Reductions | 0 | |||||
Ending balance | 7,481 | |||||
Investment, Identifier [Axis]: Power System Solutions, Common Equity | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14] | 500 | ||||
Ending balance | [11] | $ 730 | ||||
Investment, Identifier [Axis]: Power System Solutions, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread | 6.50% | [11],[12],[13] | 6.75% | [14],[15],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[15],[16] | $ (35) | ||||
Ending balance | [11],[12],[13] | $ (33) | ||||
Investment, Identifier [Axis]: Power System Solutions, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | [11],[13] | 11.82% | ||||
Spread | 6.50% | [11],[13] | 6.75% | [14],[15],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[15],[16] | $ (35) | ||||
Ending balance | [11],[13] | $ 2,660 | ||||
Investment, Identifier [Axis]: Power System Solutions, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.80% | [11],[13] | 12.12% | [14],[16] | ||
Spread | 6.50% | [11],[13] | 6.75% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 7,939 | ||||
Ending balance | [11],[13] | $ 7,919 | ||||
Investment, Identifier [Axis]: PrimeFlight Aviation Services, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.28% | [11],[13] | 12.28% | [14],[16] | ||
Spread | 6.85% | [11],[13] | 6.85% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 5,970 | ||||
Ending balance | [11],[13] | $ 5,955 | ||||
Investment, Identifier [Axis]: PrimeFlight Aviation Services, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.15% | [11],[13] | 12.20% | [14],[16] | ||
Spread | 6.85% | [11],[13] | 6.85% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 570 | ||||
Ending balance | [11],[13] | $ 569 | ||||
Investment, Identifier [Axis]: PrimeFlight Aviation Services, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | [11],[13] | 11.55% | ||||
Spread | [11],[13] | 6.25% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Ending balance | [11],[13] | $ 571 | ||||
Investment, Identifier [Axis]: Purge Rite, LLC, Preferred Equity | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14] | 1,302 | ||||
Ending balance | [11] | $ 1,302 | ||||
Investment, Identifier [Axis]: Purge Rite, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread | 8% | [11],[12],[13] | 8% | [14],[15],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[15],[16] | $ (19) | ||||
Ending balance | [11],[12],[13] | $ (18) | ||||
Investment, Identifier [Axis]: Purge Rite, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 13.64% | [11],[13] | 13.70% | [14],[16] | ||
Spread | 8% | [11],[13] | 8% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 3,813 | ||||
Ending balance | [11],[13] | $ 3,867 | ||||
Investment, Identifier [Axis]: RA Outdoors LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.33% | [11],[13],[38] | 12.22% | [14],[16],[45] | ||
Spread | 6.75% | [11],[13],[38] | 6.75% | [14],[16],[45] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16],[45] | $ 745 | ||||
Ending balance | [11],[13],[38] | $ 1,168 | ||||
Investment, Identifier [Axis]: RA Outdoors LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.18% | [11],[13] | 12.21% | [14],[16] | ||
Spread | 6.75% | [11],[13] | 6.75% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 12,089 | ||||
Ending balance | [11],[13] | $ 12,217 | ||||
Investment, Identifier [Axis]: Research Now Group, Inc. and Survey Sampling International, LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.07% | [8],[13] | 11.14% | [7],[16] | ||
Spread | 5.50% | [8],[13] | 5.50% | [7],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [7],[16] | $ 7,237 | ||||
Ending balance | [8],[13] | $ 5,832 | ||||
Investment, Identifier [Axis]: Richardson Sales Solutions, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.82% | [11],[13],[38] | 18.47% | [14],[16],[52] | ||
Spread | 6.50% | [11],[13],[38] | 6.50% | [14],[16],[52] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16],[52] | $ 818 | ||||
Ending balance | [11],[13],[38] | $ 451 | ||||
Investment, Identifier [Axis]: Richardson Sales Solutions, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.82% | [11],[13] | 11.88% | [14],[16] | ||
Spread | 6.50% | [11],[13] | 6.50% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 10,362 | ||||
Ending balance | [11],[13] | 10,408 | ||||
Investment, Identifier [Axis]: Robbins Bros. Jewelry, Inc., Preferred Equity | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | (550) | ||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 0 | 1,650 | ||||
Gross Additions | 0 | 0 | ||||
Gross Reductions | 0 | 550 | ||||
Ending balance | $ 0 | 1,100 | ||||
Investment, Identifier [Axis]: Robbins Bros. Jewelry, Inc., Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.50% | |||||
Amount of Realized Gain/(Loss) | $ 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 1 | 1 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | (6) | [15] | (8) | |||
Gross Additions | 1 | 1 | ||||
Gross Reductions | 0 | 0 | ||||
Ending balance | $ (5) | [12] | $ (7) | |||
Investment, Identifier [Axis]: Robbins Bros. Jewelry, Inc., Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.50% | 12.50% | 12.50% | |||
Amount of Realized Gain/(Loss) | $ 0 | $ 0 | ||||
Amount of Unrealized Gain/(Loss) | (669) | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 123 | 127 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 3,421 | 3,902 | ||||
Gross Additions | 4 | 4 | ||||
Gross Reductions | 717 | 24 | ||||
Ending balance | $ 2,708 | 3,882 | ||||
Investment, Identifier [Axis]: Roof Opco, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread | 6.50% | [11],[12],[13] | 6.50% | [14],[15],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[15],[16] | $ 0 | ||||
Ending balance | [11],[12],[13] | $ 0 | ||||
Investment, Identifier [Axis]: Roof Opco, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.09% | [11],[13] | 12.16% | [14],[16] | ||
Spread | 6.50% | [11],[13] | 6.50% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 4,142 | ||||
Ending balance | [11],[13] | $ 4,149 | ||||
Investment, Identifier [Axis]: Roof Opco, LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 14.09% | [11],[13] | 14.16% | [14],[16] | ||
Spread | 8.50% | [11],[13] | 8.50% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 4,082 | ||||
Ending balance | [11],[13] | $ 4,089 | ||||
Investment, Identifier [Axis]: Rug Doctor, LLC., Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 13.24% | [11],[13] | 13.54% | [14],[16] | ||
Spread | 5.75% | [11],[13] | 6% | [14],[16] | ||
PIK Rate | 2% | [11],[13] | 2% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 6,383 | ||||
Ending balance | [11],[13] | $ 6,443 | ||||
Investment, Identifier [Axis]: Rug Doctor, LLC., Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 13.24% | [11],[13] | 13.54% | [14],[16] | ||
Spread | 5.75% | [11],[13] | 6% | [14],[16] | ||
PIK Rate | 2% | [11],[13] | 2% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 8,984 | ||||
Ending balance | [11],[13] | 8,838 | ||||
Investment, Identifier [Axis]: SI East, LLC, Preferred Member Units | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 39 | 114 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 6,390 | [18] | 4,550 | |||
Gross Additions | 0 | 0 | ||||
Gross Reductions | 0 | 0 | ||||
Ending balance | $ 6,390 | [19] | 4,550 | |||
Investment, Identifier [Axis]: SI East, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.25% | 11.25% | ||||
Amount of Realized Gain/(Loss) | $ 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 13 | 2 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 375 | 0 | ||||
Gross Additions | 0 | 0 | ||||
Gross Reductions | 0 | 0 | ||||
Ending balance | $ 375 | $ 0 | ||||
Investment, Identifier [Axis]: SI East, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.45% | 9.50% | 12.47% | |||
Amount of Realized Gain/(Loss) | $ 0 | $ 0 | ||||
Amount of Unrealized Gain/(Loss) | (9) | (55) | ||||
Amount of Interest, Fees or Dividends Credited to Income | 584 | 755 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 18,179 | 29,929 | ||||
Gross Additions | 9 | 55 | ||||
Gross Reductions | 9 | 1,805 | ||||
Ending balance | 18,179 | 28,179 | ||||
Investment, Identifier [Axis]: SPAU Holdings, LLC, Common Stock | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14] | 160 | ||||
Ending balance | [11] | $ 190 | ||||
Investment, Identifier [Axis]: SPAU Holdings, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | [11],[13] | 12.96% | ||||
Spread | 7.50% | [11],[13] | 8% | [14],[15],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[15],[16] | $ 0 | ||||
Ending balance | [11],[13] | $ 300 | ||||
Investment, Identifier [Axis]: SPAU Holdings, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.96% | [11],[13] | 13.72% | [14],[16] | ||
Spread | 7.50% | [11],[13] | 8% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 4,925 | ||||
Ending balance | [11],[13] | 4,912 | ||||
Investment, Identifier [Axis]: Slick Innovations, LLC, Common Stock | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 600 | |||||
Ending balance | $ 460 | |||||
Investment, Identifier [Axis]: Slick Innovations, LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 14% | 14% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | $ 2,860 | |||||
Ending balance | 4,720 | |||||
Investment, Identifier [Axis]: Sonic Systems International, LLC, Common Stock | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | |||||
Amount of Unrealized Gain/(Loss) | (60) | |||||
Amount of Interest, Fees or Dividends Credited to Income | 13 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 1,490 | |||||
Gross Additions | 0 | |||||
Gross Reductions | 60 | |||||
Ending balance | $ 1,430 | |||||
Investment, Identifier [Axis]: Sonic Systems International, LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.26% | |||||
Spread | 7.50% | |||||
Amount of Realized Gain/(Loss) | $ 0 | |||||
Amount of Unrealized Gain/(Loss) | (19) | |||||
Amount of Interest, Fees or Dividends Credited to Income | 583 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 18,425 | |||||
Gross Additions | 19 | |||||
Gross Reductions | 19 | |||||
Ending balance | 18,425 | |||||
Investment, Identifier [Axis]: South Coast Terminals Holdings, LLC, Common Equity | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14] | 59 | ||||
Ending balance | [11] | $ 59 | ||||
Investment, Identifier [Axis]: South Coast Terminals Holdings, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | [14],[16] | 11.46% | ||||
Spread | 6% | [11],[12],[13] | 6% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 34 | ||||
Ending balance | [11],[12],[13] | $ (4) | ||||
Investment, Identifier [Axis]: South Coast Terminals Holdings, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.43% | [11],[13] | 11.70% | [14],[16] | ||
Spread | 6% | [11],[13] | 6% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 2,979 | ||||
Ending balance | [11],[13] | 2,839 | ||||
Investment, Identifier [Axis]: Student Resource Center, LLC, Preferred Equity | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 0 | [14] | 0 | |||
Gross Additions | 0 | 0 | ||||
Gross Reductions | 0 | 0 | ||||
Ending balance | $ 0 | [11] | $ 0 | |||
Investment, Identifier [Axis]: Student Resource Center, LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 8.50% | [11],[24] | 13.69% | 8.50% | [14],[25] | |
Spread | 8.50% | |||||
PIK Rate | 8.50% | [11],[24] | 8.50% | [14],[25] | ||
Amount of Realized Gain/(Loss) | $ 0 | $ 0 | ||||
Amount of Unrealized Gain/(Loss) | (1,618) | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | 118 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 3,543 | [14],[25] | 5,063 | |||
Gross Additions | 0 | 0 | ||||
Gross Reductions | 1,618 | 0 | ||||
Ending balance | 1,925 | [11],[24] | 5,063 | |||
Investment, Identifier [Axis]: Tedder Industries, LLC, Preferred Member Units 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | (202) | ||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 0 | 1,920 | ||||
Gross Additions | 0 | 0 | ||||
Gross Reductions | 0 | 202 | ||||
Ending balance | 0 | 1,718 | ||||
Investment, Identifier [Axis]: Tedder Industries, LLC, Preferred Member Units 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | 28 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 0 | 0 | ||||
Gross Additions | 0 | 83 | ||||
Gross Reductions | 0 | 0 | ||||
Ending balance | 0 | $ 83 | ||||
Investment, Identifier [Axis]: Tedder Industries, LLC, Preferred Member Units 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | |||||
Amount of Unrealized Gain/(Loss) | 0 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 0 | |||||
Gross Additions | 0 | |||||
Gross Reductions | 0 | |||||
Ending balance | $ 0 | |||||
Investment, Identifier [Axis]: Tedder Industries, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12% | [27] | 12% | 12% | [26] | |
Amount of Realized Gain/(Loss) | $ 0 | $ 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 14 | 14 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 432 | [26] | 460 | |||
Gross Additions | 0 | 0 | ||||
Gross Reductions | 0 | 0 | ||||
Ending balance | $ 432 | [27] | $ 460 | |||
Investment, Identifier [Axis]: Tedder Industries, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12% | [27] | 12% | 12% | [26] | |
Amount of Realized Gain/(Loss) | $ 0 | $ 0 | ||||
Amount of Unrealized Gain/(Loss) | (1,580) | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 115 | 115 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 3,565 | [26] | 3,780 | |||
Gross Additions | 0 | 1 | ||||
Gross Reductions | 1,580 | 0 | ||||
Ending balance | 1,985 | [27] | 3,781 | |||
Investment, Identifier [Axis]: Tex Tech Tennis, LLC, Preferred Equity | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[28] | 2,840 | ||||
Ending balance | [11],[29] | 2,680 | ||||
Investment, Identifier [Axis]: The Affiliati Network, LLC, Preferred Stock 1 | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 43 | |||||
Ending balance | 59 | |||||
Investment, Identifier [Axis]: The Affiliati Network, LLC, Preferred Stock 2 | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [18] | 1,600 | ||||
Ending balance | [19] | 1,600 | ||||
Investment, Identifier [Axis]: The Affiliati Network, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 13% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 37 | |||||
Ending balance | [12] | $ (2) | ||||
Investment, Identifier [Axis]: The Affiliati Network, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 13% | 13% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | $ 1,841 | |||||
Ending balance | 1,744 | |||||
Investment, Identifier [Axis]: Titan Meter Midco Corp., Preferred Equity | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Ending balance | [11] | $ 469 | ||||
Investment, Identifier [Axis]: Titan Meter Midco Corp., Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread | [11],[12],[13] | 6.50% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Ending balance | [11],[12],[13] | $ (48) | ||||
Investment, Identifier [Axis]: Titan Meter Midco Corp., Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | [11],[13] | 11.82% | ||||
Spread | [11],[13] | 6.50% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Ending balance | [11],[13] | $ 12,695 | ||||
Investment, Identifier [Axis]: Trantech Radiator Topco, LLC, Common Stock | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | (280) | 380 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 7 | 7 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 3,180 | [18] | 1,950 | |||
Gross Additions | 0 | 380 | ||||
Gross Reductions | 280 | 0 | ||||
Ending balance | $ 2,900 | [19] | 2,330 | |||
Investment, Identifier [Axis]: Trantech Radiator Topco, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.50% | |||||
Amount of Realized Gain/(Loss) | $ 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | (1) | ||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | 1 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 0 | [15] | 0 | |||
Gross Additions | 0 | 1 | ||||
Gross Reductions | 0 | 1 | ||||
Ending balance | $ 0 | [12] | $ 0 | |||
Investment, Identifier [Axis]: Trantech Radiator Topco, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 13.50% | 12% | 12% | |||
Amount of Realized Gain/(Loss) | $ 0 | $ 0 | ||||
Amount of Unrealized Gain/(Loss) | 18 | (3) | ||||
Amount of Interest, Fees or Dividends Credited to Income | 64 | 63 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 1,980 | 1,980 | ||||
Gross Additions | 0 | 3 | ||||
Gross Reductions | 0 | 3 | ||||
Ending balance | $ 1,980 | 1,980 | ||||
Investment, Identifier [Axis]: U.S. TelePacific Corp., Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.49% | [8],[13],[24] | 12.53% | [7],[16],[25] | ||
Spread | 7.15% | [8],[13],[24] | 7.15% | [7],[16],[25] | ||
PIK Rate | 6% | [8],[13],[24] | 6% | [7],[16],[25] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [7],[16],[25] | $ 2,438 | ||||
Ending balance | [8],[13],[24] | 2,604 | ||||
Investment, Identifier [Axis]: U.S. TelePacific Corp., Secured Debt 2 | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [7],[25] | 0 | ||||
Ending balance | [8],[24] | $ 0 | ||||
Investment, Identifier [Axis]: USA DeBusk LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.43% | [11],[13] | 11.46% | [14],[16] | ||
Spread | 6% | [11],[13] | 6% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 12,405 | ||||
Ending balance | [11],[13] | $ 12,373 | ||||
Investment, Identifier [Axis]: USA DeBusk LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.93% | [11],[13] | 11.96% | [14],[16] | ||
Spread | 6.50% | [11],[13] | 6.50% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 4,825 | ||||
Ending balance | [11],[13] | $ 4,813 | ||||
Investment, Identifier [Axis]: USA DeBusk LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.93% | [11],[13] | 11.96% | [14],[16] | ||
Spread | 6.50% | [11],[13] | 6.50% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 2,515 | ||||
Ending balance | [11],[13] | $ 2,509 | ||||
Investment, Identifier [Axis]: Urgent DSO LLC, Preferred Equity | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | [19] | 9% | ||||
PIK Rate | [19] | 9% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Ending balance | [19] | $ 1,011 | ||||
Investment, Identifier [Axis]: Urgent DSO LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 13.50% | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Ending balance | $ 2,135 | |||||
Investment, Identifier [Axis]: UserZoom Technologies, Inc., Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.99% | [11],[13] | 12.99% | [14],[16] | ||
Spread | 7.50% | [11],[13] | 7.50% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 3,000 | ||||
Ending balance | [11],[13] | 3,000 | ||||
Investment, Identifier [Axis]: VORTEQ Coil Finishers, LLC, Common Equity | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[18] | 1,911 | ||||
Ending balance | [11],[19] | 1,910 | ||||
Investment, Identifier [Axis]: VVS Holdco LLC, Preferred Equity | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | |||||
Amount of Unrealized Gain/(Loss) | 0 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 25 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [18],[28] | 3,060 | ||||
Gross Additions | 0 | |||||
Gross Reductions | 0 | |||||
Ending balance | [19],[29] | $ 3,060 | ||||
Investment, Identifier [Axis]: VVS Holdco LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.48% | |||||
Spread | 6% | [12],[13] | 6% | [15],[16],[26] | ||
Amount of Realized Gain/(Loss) | $ 0 | |||||
Amount of Unrealized Gain/(Loss) | 0 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 1 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [15],[16],[26] | 0 | ||||
Gross Additions | 0 | |||||
Gross Reductions | 0 | |||||
Ending balance | [12],[13] | $ 0 | ||||
Investment, Identifier [Axis]: VVS Holdco LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.50% | 11.50% | ||||
Amount of Realized Gain/(Loss) | $ 0 | |||||
Amount of Unrealized Gain/(Loss) | 0 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 216 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 6,926 | |||||
Gross Additions | 11 | |||||
Gross Reductions | 0 | |||||
Ending balance | 6,937 | |||||
Investment, Identifier [Axis]: VVS Holdco, LLC, Preferred Equity | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | |||||
Amount of Unrealized Gain/(Loss) | 20 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 9 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 2,990 | |||||
Gross Additions | 20 | |||||
Gross Reductions | 0 | |||||
Ending balance | $ 3,010 | |||||
Investment, Identifier [Axis]: VVS Holdco, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread | 6% | |||||
Amount of Realized Gain/(Loss) | $ 0 | |||||
Amount of Unrealized Gain/(Loss) | 0 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 2 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | (5) | |||||
Gross Additions | 1 | |||||
Gross Reductions | 1 | |||||
Ending balance | $ (5) | |||||
Investment, Identifier [Axis]: VVS Holdco, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.50% | |||||
Amount of Realized Gain/(Loss) | $ 0 | |||||
Amount of Unrealized Gain/(Loss) | 0 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 230 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 7,421 | |||||
Gross Additions | 11 | |||||
Gross Reductions | 0 | |||||
Ending balance | 7,432 | |||||
Investment, Identifier [Axis]: Vistar Media, Inc., Preferred Stock | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14] | 2,180 | ||||
Ending balance | [11] | $ 2,270 | ||||
Investment, Identifier [Axis]: Vitesse Systems, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.44% | [11],[13] | 12.63% | [14],[16] | ||
Spread | 7% | [11],[13] | 7% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 12,193 | ||||
Ending balance | [11],[13] | 12,227 | ||||
Investment, Identifier [Axis]: Volusion, LLC, Common Stock | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | (1,104) | ||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 0 | 0 | ||||
Gross Additions | 0 | 1,104 | ||||
Gross Reductions | 0 | 1,104 | ||||
Ending balance | 0 | 0 | ||||
Investment, Identifier [Axis]: Volusion, LLC, Preferred Member Units 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | |||||
Amount of Unrealized Gain/(Loss) | 0 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 3,110 | 0 | ||||
Gross Additions | 0 | |||||
Gross Reductions | 0 | |||||
Ending balance | 3,110 | 0 | ||||
Investment, Identifier [Axis]: Volusion, LLC, Preferred Member Units 1.1 | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | |||||
Amount of Unrealized Gain/(Loss) | 0 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 0 | |||||
Gross Additions | 0 | |||||
Gross Reductions | 0 | |||||
Ending balance | 0 | |||||
Investment, Identifier [Axis]: Volusion, LLC, Preferred Member Units 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | |||||
Amount of Unrealized Gain/(Loss) | 0 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 0 | 0 | ||||
Gross Additions | 4,906 | |||||
Gross Reductions | 0 | |||||
Ending balance | 0 | 4,906 | ||||
Investment, Identifier [Axis]: Volusion, LLC, Preferred Member Units 2.1 | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | |||||
Amount of Unrealized Gain/(Loss) | 435 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 3,110 | |||||
Gross Additions | 435 | |||||
Gross Reductions | 435 | |||||
Ending balance | 3,110 | |||||
Investment, Identifier [Axis]: Volusion, LLC, Preferred Member Units 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | 0 | ||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 0 | 0 | ||||
Gross Additions | 0 | 0 | ||||
Gross Reductions | 0 | 0 | ||||
Ending balance | $ 0 | $ 0 | ||||
Investment, Identifier [Axis]: Volusion, LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 10% | 10% | ||||
Amount of Realized Gain/(Loss) | $ 0 | |||||
Amount of Unrealized Gain/(Loss) | 0 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 23 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 900 | |||||
Gross Additions | 0 | |||||
Gross Reductions | 0 | |||||
Ending balance | 900 | |||||
Investment, Identifier [Axis]: Volusion, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 10% | |||||
Amount of Realized Gain/(Loss) | $ 0 | |||||
Amount of Unrealized Gain/(Loss) | 0 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 0 | |||||
Gross Additions | 900 | |||||
Gross Reductions | 0 | |||||
Ending balance | 900 | |||||
Investment, Identifier [Axis]: Volusion, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | (1,366) | |||||
Amount of Unrealized Gain/(Loss) | 780 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 71 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 6,392 | |||||
Gross Additions | 0 | |||||
Gross Reductions | 6,392 | |||||
Ending balance | 0 | |||||
Investment, Identifier [Axis]: Volusion, LLC, Unsecured Convertible Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | (175) | |||||
Amount of Unrealized Gain/(Loss) | 175 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 0 | |||||
Gross Additions | 175 | |||||
Gross Reductions | 175 | |||||
Ending balance | 0 | |||||
Investment, Identifier [Axis]: Volusion, LLC, Warrants | ||||||
Schedule of Investments [Line Items] | ||||||
Amount of Realized Gain/(Loss) | 0 | |||||
Amount of Unrealized Gain/(Loss) | 1,104 | |||||
Amount of Interest, Fees or Dividends Credited to Income | 0 | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | 0 | |||||
Gross Additions | 0 | |||||
Gross Reductions | 0 | |||||
Ending balance | $ 0 | |||||
Investment, Identifier [Axis]: Wall Street Prep, Inc., Common Stock | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14] | 910 | ||||
Ending balance | [11] | $ 1,030 | ||||
Investment, Identifier [Axis]: Wall Street Prep, Inc., Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Spread | 7% | [11],[12],[13] | 7% | [14],[15],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[15],[16] | $ (5) | ||||
Ending balance | [11],[12],[13] | $ (5) | ||||
Investment, Identifier [Axis]: Wall Street Prep, Inc., Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.48% | [11],[13] | 12.54% | [14],[16] | ||
Spread | 7% | [11],[13] | 7% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 4,654 | ||||
Ending balance | [11],[13] | $ 4,585 | ||||
Investment, Identifier [Axis]: Watterson Brands, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.46% | [11],[13],[38] | 11.50% | [14],[16],[48] | ||
Spread | 6% | [11],[13],[38] | 6% | [14],[16],[48] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16],[48] | $ 253 | ||||
Ending balance | [11],[13],[38] | $ 303 | ||||
Investment, Identifier [Axis]: Watterson Brands, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.46% | [11],[13] | 11.50% | [14],[16] | ||
Spread | 6% | [11],[13] | 6% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 53 | ||||
Ending balance | [11],[13] | $ 52 | ||||
Investment, Identifier [Axis]: Watterson Brands, LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.46% | [11],[13] | 11.50% | [14],[16] | ||
Spread | 6% | [11],[13] | 6% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 2,166 | ||||
Ending balance | [11],[13] | $ 2,161 | ||||
Investment, Identifier [Axis]: Watterson Brands, LLC, Secured Debt 4 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.46% | [11],[13] | 11.50% | [14],[16] | ||
Spread | 6% | [11],[13] | 6% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 1,955 | ||||
Ending balance | [11],[13] | 1,950 | ||||
Investment, Identifier [Axis]: West Star Aviation Acquisition, LLC, Common Stock | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14] | 390 | ||||
Ending balance | [11],[19] | $ 470 | ||||
Investment, Identifier [Axis]: West Star Aviation Acquisition, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.31% | [11],[13],[17] | 11.34% | [14],[16],[53] | ||
Spread | 6% | [11],[13],[17] | 6% | [14],[16],[53] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16],[53] | $ 665 | ||||
Ending balance | [11],[13],[17] | $ 663 | ||||
Investment, Identifier [Axis]: West Star Aviation Acquisition, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.31% | [11],[13] | 11.35% | [14],[16] | ||
Spread | 6% | [11],[13] | 6% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 2,947 | ||||
Ending balance | [11],[13] | $ 2,940 | ||||
Investment, Identifier [Axis]: West Star Aviation Acquisition, LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.31% | [11],[13] | 11.35% | [14],[16] | ||
Spread | 6% | [11],[13] | 6% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 1,467 | ||||
Ending balance | [11],[13] | $ 1,463 | ||||
Investment, Identifier [Axis]: Winter Services LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 13.58% | [11],[13],[38] | 12.64% | [14],[16],[54] | ||
Spread | 8% | [11],[13],[38] | 7% | [14],[16],[54] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16],[54] | $ 2,778 | ||||
Ending balance | [11],[13],[38] | $ 2,181 | ||||
Investment, Identifier [Axis]: Winter Services LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 13.59% | [11],[13] | 12.66% | [14],[16] | ||
Spread | 8% | [11],[13] | 7% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 2,583 | ||||
Ending balance | [11],[13] | $ 2,535 | ||||
Investment, Identifier [Axis]: Winter Services LLC, Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.59% | [11],[13] | 12.66% | [14],[16] | ||
Spread | 7% | [11],[13] | 7% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 11,625 | ||||
Ending balance | [11],[13] | $ 11,409 | ||||
Investment, Identifier [Axis]: Winter Services LLC, Secured Debt 4 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | [11],[13] | 12.58% | ||||
Spread | [11],[13] | 7% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Ending balance | [11],[13] | $ 8,178 | ||||
Investment, Identifier [Axis]: World Micro Holdings, LLC, Preferred Equity | ||||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [18] | 530 | ||||
Ending balance | [19] | $ 530 | ||||
Investment, Identifier [Axis]: World Micro Holdings, LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12% | 13% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | $ 1,601 | |||||
Ending balance | $ 1,603 | |||||
Investment, Identifier [Axis]: Xenon Arc, Inc., Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | [11],[13] | 11.18% | ||||
Spread | 5.75% | [11],[13] | 5.25% | [14],[15],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[15],[16] | $ 0 | ||||
Ending balance | [11],[13] | $ 1,185 | ||||
Investment, Identifier [Axis]: Xenon Arc, Inc., Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 11.15% | [11],[13] | 11.22% | [14],[16] | ||
Spread | 5.75% | [11],[13] | 5.75% | [14],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 1,188 | ||||
Ending balance | [11],[13] | 2,346 | ||||
Investment, Identifier [Axis]: Xenon Arc, Inc., Secured Debt 3 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | [14],[16] | 11.25% | ||||
Spread | [14],[16] | 5.75% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16] | $ 2,352 | ||||
Investment, Identifier [Axis]: YS Garments, LLC, Secured Debt | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.93% | [8],[13] | 13% | [7],[16] | ||
Spread | 7.50% | [8],[13] | 7.50% | [7],[16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [7],[16] | $ 5,110 | ||||
Ending balance | [8],[13] | $ 5,143 | ||||
Investment, Identifier [Axis]: Zips Car Wash, LLC, Secured Debt 1 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.68% | [11],[13],[17] | 12.71% | [14],[16],[55] | ||
Spread | 7.25% | [11],[13],[17] | 7.25% | [14],[16],[55] | ||
PIK Rate | [11],[13],[17] | 1.50% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16],[55] | $ 2,234 | ||||
Ending balance | [11],[13],[17] | $ 2,331 | ||||
Investment, Identifier [Axis]: Zips Car Wash, LLC, Secured Debt 2 | ||||||
Schedule of Investments [Line Items] | ||||||
Total Rate | 12.68% | [11],[13],[17] | 12.71% | [14],[16],[55] | ||
Spread | 7.25% | [11],[13],[17] | 7.25% | [14],[16],[55] | ||
PIK Rate | [11],[13],[17] | 1.50% | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | ||||||
Beginning balance | [14],[16],[55] | $ 555 | ||||
Ending balance | [11],[13],[17] | $ 584 | ||||
[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. 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. Control investments are defined by the 1940 Act as investments in which more than 25% of the voting securities are owned or where the ability to nominate greater than 50% of the board representation is maintained. Control investments are defined by the 1940 Act as investments in which more than 25% of the voting securities are owned or where the ability to nominate greater than 50% of the board representation is maintained. Affiliate investments are defined by the 1940 Act as investments in which between 5% and 25% (inclusive) of the voting securities are owned and the investments are not classified as Control investments. Affiliate investments are defined by the 1940 Act as investments in which between 5% and 25% (inclusive) of the voting securities are owned and the investments are not classified as Control investments. Middle Market portfolio investment. See Note C — Fair Value Hierarchy for Investments — Portfolio Composition for a description of Middle Market portfolio investments. Middle Market portfolio investment. See Note C—Fair Value Hierarchy for Investments—Portfolio Composition for a description of Middle Market portfolio investments. Warrants are presented in equivalent shares/units with a strike price of $0.01 per share/unit. Warrants are presented in equivalent shares/units with a strike price of $0.01 per share/unit. Private Loan portfolio investment. See Note C—Fair Value Hierarchy for Investments—Portfolio Composition for a description of Private Loan portfolio investments. The position is unfunded and no interest income is being earned as of March 31, 2024. The position may earn a nominal unused facility fee on committed amounts. Index based floating interest rate is subject to contractual minimum interest rate. As noted in this schedule, 95% of the loans (based on the par amount) contain LIBOR or Term SOFR (“SOFR”) floors which range between 0.75% and 5.25%, with a weighted-average floor of 1.21%. Private Loan portfolio investment. See Note C — Fair Value Hierarchy for Investments — Portfolio Composition for a description of Private Loan portfolio investments. The position is unfunded and no interest income is being earned as of December 31, 2023. The position may earn a nominal unused facility fee on committed amounts. Index based floating interest rate is subject to contractual minimum interest rate. As noted in this schedule, 95% of these floating rate loans (based on the par amount) contain LIBOR or SOFR floors which range between 0.75% and 2.00%, with a weighted-average floor of 1.17%. Each new draw or funding on the facility has a different floating rate reset date. The rate presented represents a weighted-average rate for borrowings under the facility, as of March 31, 2024. Income producing through dividends or distributions. Income producing through dividends or distributions. Warrants are presented in equivalent shares/units with a strike price of $1.00 per share/unit. Warrants are presented in equivalent shares/units with a strike price of $1.00 per share/unit. Index based floating interest rate is subject to contractual maximum base rate of 3.00%. Index based floating interest rate is subject to contractual maximum base rate of 3.00%. Non-accrual and non-income producing debt investment. Non-accrual and non-income producing debt investment. Maturity date is under on-going negotiations with the portfolio company and other lenders, if applicable. Maturity date is under on-going negotiations with the portfolio company and other lenders, if applicable. Shares/Units represent ownership in a related Real Estate or HoldCo entity. Shares/Units represent ownership in a related Real Estate or HoldCo entity. Investment is not a qualifying asset as defined under Section 55(a) of the 1940 Act. Qualifying assets must represent at least 70% of total assets at the time of acquisition of any additional non-qualifying assets. Portfolio company headquarters are located outside of the United States. Investment is not a qualifying asset as defined under Section 55(a) of the 1940 Act. Qualifying assets must represent at least 70% of total assets at the time of acquisition of any additional non-qualifying assets. Portfolio company headquarters are located outside of the United States. Investment is not unitized. Presentation is made in percent of fully diluted ownership unless otherwise indicated. Other Portfolio investment. See Note C — Fair Value Hierarchy for Investments — Portfolio Composition for a description of Other Portfolio investments. Investment is not unitized. Presentation is made in percent of fully diluted ownership unless otherwise indicated. Other Portfolio investment. See Note C—Fair Value Hierarchy for Investments—Portfolio Composition for a description of Other Portfolio investments. RLOC facility permits the borrower to make an interest rate election regarding the base rate on each draw under the facility. The rate presented represents a weighted-average rate for borrowings under the facility, as of March 31, 2024. As of December 31, 2023, borrowings under the loan facility bore interest at SOFR+7.00% (Floor 2.00%). RLOC facility permits the borrower to make an interest rate election regarding the base rate on each draw under the facility. The rate presented represents a weighted-average rate for borrowings under the facility, as of December 31, 2023. As of December 31, 2023, borrowings under the loan facility bore interest at SOFR+8.00% (Floor 1.00%). RLOC facility permits the borrower to make an interest rate election regarding the base rate on each draw under the facility. The rate presented represents a weighted-average rate for borrowings under the facility, as of December 31, 2023. Effective yield as of December 31, 2023 was approximately 5.25% on the Fidelity Government Portfolio Class III Fund. Effective yield as of December 31, 2023 was approximately 5.23% on the First American Treasury Obligations Fund Class Z. Effective yield as of March 31, 2024 was approximately 5.17% on the First American Treasury Obligations Fund Class Z. As of December 31, 2023, borrowings under the loan facility bore interest at SOFR+7.00% (Floor 1.50%). RLOC facility permits the borrower to make an interest rate election regarding the base rate on each draw under the facility. The rate presented represents a weighted-average rate for borrowings under the facility, as of December 31, 2023. As of December 31, 2023, borrowings under the loan facility bore interest at SOFR+6.75% (Floor 1.00%). RLOC facility permits the borrower to make an interest rate election regarding the base rate on each draw under the facility. The rate presented represents a weighted-average rate for borrowings under the facility, as of December 31, 2023. As of December 31, 2023, borrowings under the loan facility bore interest at SOFR+8.00% (Floor 2.00%). RLOC facility permits the borrower to make an interest rate election regarding the base rate on each draw under the facility. The rate presented represents a weighted-average rate for borrowings under the facility, as of December 31, 2023. As of December 31, 2023, borrowings under the loan facility bore interest at SOFR+10.00%. RLOC facility permits the borrower to make an interest rate election regarding the base rate on each draw under the facility. The rate presented represents a weighted-average rate for borrowings under the facility, as of December 31, 2023. As of December 31, 2023, borrowings under the loan facility bore interest at SOFR+6.00% (Floor 1.00%). RLOC facility permits the borrower to make an interest rate election regarding the base rate on each draw under the facility. The rate presented represents a weighted-average rate for borrowings under the facility, as of December 31, 2023. As of December 31, 2023, borrowings under the loan facility bear interest at SOFR+7.00% (Floor 1.00%). Each new draw or funding on the facility has a different floating rate reset date. The rate presented represents a weighted-average rate for borrowings under the facility, as of December 31, 2023. As of December 31, 2023, borrowings under the loan facility bore interest at SOFR+7.25% (Floor 1.00%). RLOC facility permits the borrower to make an interest rate election regarding the base rate on each draw under the facility. The rate presented represents a weighted-average rate for borrowings under the facility, as of December 31, 2023. As of December 31, 2023, borrowings under the loan facility bore interest at SOFR+5.75% (Floor 1.00%). Each new draw or funding on the facility has a different floating rate reset date. The rate presented represents a weighted-average rate for borrowings under the facility, as of December 31, 2023. As of December 31, 2023, borrowings under the loan facility bore interest at SOFR+6.50% (Floor 2.00%). RLOC facility permits the borrower to make an interest rate election regarding the base rate on each draw under the facility. The rate presented represents a weighted-average rate for borrowings under the facility, as of December 31, 2023. As of December 31, 2023, borrowings under the loan facility bore interest at SOFR+6.00% (Floor 0.75%). Each new draw or funding on the facility has a different floating rate reset date. The rate presented represents a weighted-average rate for borrowings under the facility, as of December 31, 2023. As of December 31, 2023, borrowings under the loan facility bore interest at SOFR+7.00% (Floor 1.00%). RLOC facility permits the borrower to make an interest rate election regarding the base rate on each draw under the facility. The rate presented represents a weighted-average rate for borrowings under the facility, as of December 31, 2023. As of December 31, 2023, borrowings under the loan facility bore interest at SOFR+7.25% (Floor 1.00%). Each new draw or funding on the facility has a different floating rate reset date. The rate presented represents a weighted-average rate for borrowings under the facility, as of December 31, 2023. |
Consolidated Schedule of Inve_6
Consolidated Schedule of Investments In and Advances to Affiliate - Footnote (Details) - USD ($) $ in Thousands | Mar. 31, 2024 | Dec. 31, 2023 | [2] | Mar. 31, 2023 | Dec. 31, 2022 | |
Schedule of Investments [Line Items] | ||||||
Fair value | $ 1,115,982 | [1] | $ 1,092,895 | |||
Affiliate investments | ||||||
Schedule of Investments [Line Items] | ||||||
Fair value | 289,329 | [1],[3] | 291,279 | [4] | $ 270,841 | $ 277,000 |
Affiliate investments | Midwest | ||||||
Schedule of Investments [Line Items] | ||||||
Fair value | $ 108,671 | $ 94,403 | ||||
Net assets, percentage (as a percent) | 17.60% | 15.50% | ||||
Affiliate investments | Northeast | ||||||
Schedule of Investments [Line Items] | ||||||
Fair value | $ 36,551 | $ 20,461 | ||||
Net assets, percentage (as a percent) | 5.90% | 3.40% | ||||
Affiliate investments | Southeast | ||||||
Schedule of Investments [Line Items] | ||||||
Fair value | $ 31,433 | $ 38,664 | ||||
Net assets, percentage (as a percent) | 5.10% | 6.40% | ||||
Affiliate investments | Southwest | ||||||
Schedule of Investments [Line Items] | ||||||
Fair value | $ 87,833 | $ 79,994 | ||||
Net assets, percentage (as a percent) | 14.20% | 13.20% | ||||
Affiliate investments | West | ||||||
Schedule of Investments [Line Items] | ||||||
Fair value | $ 24,841 | $ 37,319 | ||||
Net assets, percentage (as a percent) | 4% | 6.10% | ||||
Control investments | ||||||
Schedule of Investments [Line Items] | ||||||
Fair value | $ 53,644 | [1],[5] | $ 53,644 | [6] | $ 49,906 | $ 50,303 |
Control investments | Southwest | ||||||
Schedule of Investments [Line Items] | ||||||
Fair value | $ 53,076 | $ 49,318 | ||||
Net assets, percentage (as a percent) | 8.60% | 8.10% | ||||
Control investments | West | ||||||
Schedule of Investments [Line Items] | ||||||
Fair value | $ 568 | $ 588 | ||||
Net assets, percentage (as a percent) | 0.10% | 0.10% | ||||
[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. 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. Affiliate investments are defined by the 1940 Act as investments in which between 5% and 25% (inclusive) of the voting securities are owned and the investments are not classified as Control investments. Affiliate investments are defined by the 1940 Act as investments in which between 5% and 25% (inclusive) of the voting securities are owned and the investments are not classified as Control investments. Control investments are defined by the 1940 Act as investments in which more than 25% of the voting securities are owned or where the ability to nominate greater than 50% of the board representation is maintained. Control investments are defined by the 1940 Act as investments in which more than 25% of the voting securities are owned or where the ability to nominate greater than 50% of the board representation is maintained. |