Cover
Cover - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2023 | Mar. 08, 2024 | Jun. 30, 2023 | |
Cover [Abstract] | |||
Document Type | 10-K | ||
Document Annual Report | true | ||
Document Period End Date | Dec. 31, 2023 | ||
Current Fiscal Year End Date | --12-31 | ||
Document Transition Report | false | ||
Entity File Number | 814-00866 | ||
Entity Registrant Name | MONROE CAPITAL CORPORATION | ||
Entity Incorporation, State or Country Code | MD | ||
Entity Tax Identification Number | 27-4895840 | ||
Entity Address, Address Line One | 311 South Wacker Drive, Suite 6400 | ||
Entity Address, City or Town | Chicago | ||
Entity Address, State or Province | IL | ||
Entity Address, Postal Zip Code | 60606 | ||
City Area Code | 312 | ||
Local Phone Number | 258-8300 | ||
Title of 12(b) Security | Common Stock, par value $0.001 per share | ||
Trading Symbol | MRCC | ||
Security Exchange Name | NASDAQ | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
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 | ||
ICFR Auditor Attestation Flag | false | ||
Document Financial Statement Error Correction [Flag] | false | ||
Entity Shell Company | false | ||
Entity Public Float | $ 170.9 | ||
Entity Common Stock, Shares Outstanding | 21,666,340 | ||
Documents Incorporated by Reference | Documents Incorporated by Reference Portions of the registrant's definitive proxy statement to be filed with the Securities and Exchange Commission pursuant to Regulation 14A relating to the registrant's 2024 Annual Meeting of Stockholders, to be filed with the Securities and Exchange Commission within 120 days following the end of the Company's fiscal year, are incorporated by reference in Part III of this Annual Report on Form 10-K as indicated herein. | ||
Entity Central Index Key | 0001512931 | ||
Amendment Flag | false | ||
Document Fiscal Year Focus | 2023 | ||
Document Fiscal Period Focus | FY |
Audit Information
Audit Information | 12 Months Ended |
Dec. 31, 2023 | |
Audit Information [Abstract] | |
Auditor Firm ID | 49 |
Auditor Name | RSM US LLP |
Auditor Location | Chicago, Illinois |
CONSOLIDATED STATEMENTS OF ASSE
CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | ||
ASSETS | ||||
Investments, at fair value | $ 488,386 | [1],[2] | $ 541,040 | [3],[4] |
Cash and cash equivalents | 4,958 | 5,450 | ||
Unrealized gain on foreign currency forward contracts | 0 | 1,507 | ||
Interest and dividend receivable | 19,349 | 16,457 | ||
Other assets | 493 | 541 | ||
Total assets | 513,186 | 564,995 | ||
Debt: | ||||
Total debt | 304,100 | 334,600 | ||
Less: Unamortized deferred financing costs | (3,235) | (4,486) | ||
Total debt, less unamortized deferred financing costs | 300,865 | 330,114 | ||
Interest payable | 3,078 | 3,041 | ||
Management fees payable | 2,100 | 2,221 | ||
Incentive fees payable | 1,319 | 1,380 | ||
Accounts payable and accrued expenses | 2,100 | 3,220 | ||
Total liabilities | 309,462 | 339,976 | ||
Net assets | 203,724 | 225,019 | ||
Commitments and contingencies (See Note 12) | ||||
ANALYSIS OF NET ASSETS | ||||
Common stock, $0.001 par value, 100,000 shares authorized, 21,666 and 21,666 shares issued and outstanding, respectively | 22 | 22 | ||
Capital in excess of par value | 298,127 | 298,700 | ||
Accumulated undistributed (overdistributed) earnings | (94,425) | (73,703) | ||
Total net assets | $ 203,724 | $ 225,019 | ||
Net asset value per share (in dollars per share) | $ 9.40 | $ 10.39 | ||
Revolving credit facility | ||||
Debt: | ||||
Total debt | $ 174,100 | $ 204,600 | ||
2026 Notes | ||||
Debt: | ||||
Total debt | 130,000 | 130,000 | ||
Non-controlled/non-affiliate company investments | ||||
ASSETS | ||||
Investments, at fair value | 371,723 | [1],[2] | 418,913 | [3],[4] |
Non-controlled affiliate company investments | ||||
ASSETS | ||||
Investments, at fair value | 83,541 | [1],[2],[5] | 86,618 | [3],[4] |
Controlled affiliate company investments | ||||
ASSETS | ||||
Investments, at fair value | $ 33,122 | [1],[2],[6] | $ 35,509 | [3],[4],[7] |
[1]All of the Company's investments are issued by eligible portfolio companies, as defined in the Investment Company Act of 1940 (the “1940 Act”), unless otherwise noted. All of the Company's investments are issued by U.S. portfolio companies unless otherwise noted.[2]Because there is no readily available market value for these investments, the fair value of these investments is determined in good faith using significant unobservable inputs by the Valuation Designee. (See Note 4 in the accompanying notes to the consolidated financial statements.)[3] Because there is no readily available market value for these investments, the fair value of these investments is determined in good faith using significant unobservable inputs by the Valuation Designee. (See Note 4 in the accompanying notes to the consolidated financial statements.) All of the Company's investments are issued by eligible portfolio companies, as defined in the Investment Company Act of 1940 (the “1940 Act”), unless otherwise noted. All of the Company's investments are issued by U.S. portfolio companies unless otherwise noted. Note 5 in the accompanying notes to the consolidated financial statements for additional information on transactions in which the issuer was both an Affiliated Person and a portfolio company that the Company is deemed to Control. |
CONSOLIDATED STATEMENTS OF AS_2
CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES (Parenthetical) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | ||
Statement of Financial Position [Abstract] | ||||
Amortized cost | $ 510,876 | [1] | $ 579,307 | [2] |
Common stock, par value (in dollars per share) | $ 0.001 | $ 0.001 | ||
Common stock, shares authorized (in shares) | 100,000,000 | 100,000,000 | ||
Common stock, shares issued (in shares) | 21,666,000 | 21,666,000 | ||
Common stock, shares outstanding (in shares) | 21,666,000 | 21,666,000 | ||
[1]All of the Company's investments are issued by eligible portfolio companies, as defined in the Investment Company Act of 1940 (the “1940 Act”), unless otherwise noted. All of the Company's investments are issued by U.S. portfolio companies unless otherwise noted.[2] All of the Company's investments are issued by eligible portfolio companies, as defined in the Investment Company Act of 1940 (the “1940 Act”), unless otherwise noted. All of the Company's investments are issued by U.S. portfolio companies unless otherwise noted. |
CONSOLIDATED STATEMENTS OF OPER
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Investment income: | |||
Payment-in-kind interest income | $ 9,407 | $ 6,689 | $ 8,320 |
Dividend income | 4,188 | 4,161 | 5,712 |
Fee income | (679) | ||
Fee income | 2,380 | 1,267 | |
Total investment income | 64,297 | 56,566 | 53,830 |
Operating expenses: | |||
Interest and other debt financing expenses | 22,847 | 17,080 | 16,074 |
Base management fees | 8,603 | 9,055 | 9,514 |
Incentive fees | 5,812 | 4,127 | 3,690 |
Professional fees | 719 | 894 | 1,013 |
Administrative service fees | 940 | 1,163 | 1,357 |
General and administrative expenses | 1,174 | 1,082 | 1,072 |
Directors’ fees | 147 | 148 | 144 |
Operating expenses before fee waivers | 40,242 | 33,549 | 32,864 |
Base management fee waivers | 0 | (55) | 0 |
Incentive fee waivers | 0 | (525) | (1,484) |
Total operating expenses, net of fee waivers | 40,242 | 32,969 | 31,380 |
Net investment income before income taxes | 24,055 | 23,597 | 22,450 |
Income taxes, including excise taxes | 806 | 1,405 | 282 |
Net investment income | 23,249 | 22,192 | 22,168 |
Net realized gain (loss): | |||
Realized gain (loss) on investments | (38,769) | (1,130) | (21,764) |
Extinguishment of debt | 0 | (1,039) | (3,110) |
Foreign currency forward contracts | 1,756 | 119 | (48) |
Foreign currency and other transactions | (135) | (36) | (895) |
Net realized gain (loss) | (37,148) | (2,086) | (25,817) |
Net change in unrealized gain (loss): | |||
Unrealized gain (loss) of investments | 15,777 | (23,782) | 34,579 |
Foreign currency forward contracts | (1,507) | 726 | 894 |
Foreign currency and other transactions | 0 | 164 | 635 |
Net change in unrealized gain (loss) | 14,270 | (22,892) | 36,108 |
Net gain (loss) | (22,878) | (24,978) | 10,291 |
Net increase (decrease) in net assets resulting from operations | $ 371 | $ (2,786) | $ 32,459 |
Per common share data: | |||
Net investment income per share - basic (in dollars per share) | $ 1.07 | $ 1.02 | $ 1.03 |
Net investment income per share - diluted (in dollars per share) | 1.07 | 1.02 | 1.03 |
Net increase (decrease) in net assets resulting from operations per share - basic (in dollars per share) | 0.02 | (0.13) | 1.51 |
Net increase (decrease) in net assets resulting from operations per share - diluted (in dollars per share) | $ 0.02 | $ (0.13) | $ 1.51 |
Weighted average common shares outstanding - basic (in shares) | 21,666 | 21,666 | 21,453 |
Weighted average common shares outstanding - diluted (in shares) | 21,666 | 21,666 | 21,453 |
Non-controlled/non-affiliate company investments | |||
Investment income: | |||
Interest income | $ 46,241 | $ 35,751 | $ 33,381 |
Payment-in-kind interest income | 3,070 | 3,009 | 1,836 |
Dividend income | 305 | 372 | 400 |
Fee income | (679) | ||
Fee income | 2,380 | 1,231 | |
Total investment income | 48,937 | 41,512 | 36,848 |
Net realized gain (loss): | |||
Realized gain (loss) on investments | (38,769) | (1,129) | (16,127) |
Net change in unrealized gain (loss): | |||
Unrealized gain (loss) of investments | 22,154 | (12,287) | 27,788 |
Non-controlled affiliate company investments | |||
Investment income: | |||
Interest income | 5,140 | 7,585 | 5,150 |
Payment-in-kind interest income | 6,337 | 3,680 | 6,484 |
Dividend income | 283 | 189 | 987 |
Fee income | 0 | 0 | 36 |
Total investment income | 11,760 | 11,454 | 12,657 |
Net realized gain (loss): | |||
Realized gain (loss) on investments | 0 | (1) | (5,637) |
Net change in unrealized gain (loss): | |||
Unrealized gain (loss) of investments | (3,990) | (5,379) | 4,950 |
Controlled affiliate company investments | |||
Investment income: | |||
Payment-in-kind interest income | 0 | 0 | |
Dividend income | 3,600 | 3,600 | 4,325 |
Fee income | 0 | 0 | |
Total investment income | 3,600 | 3,600 | 4,325 |
Net realized gain (loss): | |||
Realized gain (loss) on investments | 0 | 0 | |
Net change in unrealized gain (loss): | |||
Unrealized gain (loss) of investments | $ (2,387) | $ (6,116) | $ 1,841 |
CONSOLIDATED STATEMENTS OF CHAN
CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
CHANGES IN NET ASSETS | |||
Balances at the beginning (in shares) | 21,666 | ||
Balances at the beginning | $ 225,019 | $ 249,471 | $ 234,434 |
Net investment income | 23,249 | 22,192 | 22,168 |
Net realized gain (loss) | (37,148) | (2,086) | (25,817) |
Net change in unrealized gain (loss) | 14,270 | (22,892) | 36,108 |
Issuances of common stock, net of offering and underwriting costs | 4,092 | ||
Distributions to stockholders | $ (21,666) | $ (21,666) | (21,514) |
Balances at the end (in shares) | 21,666 | 21,666 | |
Balances at the end | $ 203,724 | $ 225,019 | $ 249,471 |
Common Stock | |||
CHANGES IN NET ASSETS | |||
Balances at the beginning (in shares) | 21,666 | 21,666 | 21,304 |
Balances at the beginning | $ 22 | $ 22 | $ 21 |
Issuance of common stock, net of offering and underwriting costs (in shares) | 362 | ||
Issuances of common stock, net of offering and underwriting costs | $ 1 | ||
Balances at the end (in shares) | 21,666 | 21,666 | 21,666 |
Balances at the end | $ 22 | $ 22 | $ 22 |
Capital in excess of par value | |||
CHANGES IN NET ASSETS | |||
Balances at the beginning | 298,700 | 298,687 | 294,897 |
Issuances of common stock, net of offering and underwriting costs | 4,091 | ||
Tax reclassification of stockholders’ equity in accordance with generally accepted accounting principles | (573) | 13 | (301) |
Balances at the end | 298,127 | 298,700 | 298,687 |
Accumulated undistributed (overdistributed) earnings | |||
CHANGES IN NET ASSETS | |||
Balances at the beginning | (73,703) | (49,238) | (60,484) |
Net investment income | 23,249 | 22,192 | 22,168 |
Net realized gain (loss) | (37,148) | (2,086) | (25,817) |
Net change in unrealized gain (loss) | 14,270 | (22,892) | 36,108 |
Distributions to stockholders | (21,666) | (21,666) | (21,514) |
Tax reclassification of stockholders’ equity in accordance with generally accepted accounting principles | 573 | (13) | 301 |
Balances at the end | $ (94,425) | $ (73,703) | $ (49,238) |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Cash flows from operating activities: | |||
Net increase (decrease) in net assets resulting from operations | $ 371 | $ (2,786) | $ 32,459 |
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities: | |||
Net realized (gain) loss on investments | 38,769 | 1,130 | 21,764 |
Net realized (gain) loss on extinguishment of debt | 0 | 1,039 | 3,110 |
Net realized (gain) loss on foreign currency forward contracts | (1,756) | (119) | 48 |
Net realized (gain) loss on foreign currency and other transactions | 135 | 36 | 895 |
Net change in unrealized (gain) loss on investments | (15,777) | 23,782 | (34,579) |
Net change in unrealized (gain) loss on foreign currency forward contracts | 1,507 | (726) | (894) |
Net change in unrealized (gain) loss on foreign currency and other transactions | 0 | (164) | (635) |
Payment-in-kind interest income | (9,407) | (6,689) | (8,320) |
Net accretion of discounts and amortization of premiums | (1,049) | (1,084) | (1,102) |
Purchases of investments | (62,900) | (134,282) | (226,863) |
Proceeds from principal payments, sales of investments and settlement of forward contracts | 104,674 | 137,915 | 234,398 |
Amortization of deferred financing costs | 1,308 | 2,126 | 2,205 |
Changes in operating assets and liabilities: | |||
Interest and dividend receivable | (2,892) | (6,981) | (4,870) |
Other assets | 13 | (114) | 625 |
Interest payable | 37 | (263) | 540 |
Management fees payable | (121) | (233) | 476 |
Incentive fees payable | (61) | 945 | 435 |
Accounts payable and accrued expenses | (1,120) | 577 | 316 |
Net cash provided by (used in) operating activities | 51,731 | 14,109 | 20,008 |
Cash flows from financing activities: | |||
Borrowings on revolving credit facility | 94,500 | 185,300 | 309,300 |
Repayments of revolving credit facility | (125,000) | (131,599) | (285,020) |
Repayment of 2023 Notes | 0 | 0 | (109,000) |
Proceeds from 2026 Notes | 0 | 0 | 130,000 |
Repayment of SBA debentures | 0 | (56,900) | (58,100) |
Payments of deferred financing costs | (57) | (1,857) | (4,057) |
Proceeds from shares sold, net of offering and underwriting costs | 0 | 0 | 4,092 |
Stockholder distributions paid | (21,666) | (21,666) | (21,514) |
Net cash provided by (used in) financing activities | (52,223) | (26,722) | (34,299) |
Net increase (decrease) in cash and restricted cash and cash equivalents | (492) | (12,613) | (14,291) |
Effect of foreign currency exchange rates | 0 | (18) | (54) |
Cash and restricted cash and cash equivalents, beginning of year | 5,450 | 18,081 | 32,426 |
Cash and restricted cash and cash equivalents, end of year | 4,958 | 5,450 | 18,081 |
Supplemental disclosure of cash flow information: | |||
Cash interest paid during the year | 21,357 | 15,072 | 13,221 |
Cash paid for income taxes, including excise taxes during the year | 390 | 1,587 | 400 |
Reconciliation of cash and restricted cash | |||
Cash and cash equivalents | 4,958 | 5,450 | 2,622 |
Restricted cash and cash equivalents | 0 | 0 | 15,459 |
Total cash and restricted cash and cash equivalents shown on the Consolidated Statements of Cash Flows | $ 4,958 | $ 5,450 | $ 18,081 |
CONSOLIDATED SCHEDULE OF INVEST
CONSOLIDATED SCHEDULE OF INVESTMENTS - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in cash | [1] | 10.92% | ||||
Amortized cost | $ 510,876 | [2] | $ 579,307 | [3] | ||
Investments, at fair value | $ 488,386 | [2],[4] | $ 541,040 | [3],[5] | ||
% of net assets | 239.70% | [2],[6] | 240.40% | [3],[7] | ||
Automotive | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 19,781 | $ 16,775 | ||||
Investments, at fair value | 18,495 | 16,637 | ||||
Banking | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | 16,290 | 17,790 | ||||
Investments, at fair value | 15,385 | 19,817 | ||||
Beverage, Food & Tobacco | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | 4,481 | 15,625 | ||||
Investments, at fair value | 6,098 | 12,470 | ||||
Capital Equipment | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | 4,880 | 18,615 | ||||
Investments, at fair value | 4,893 | 19,012 | ||||
Chemicals, Plastics & Rubber | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | 2,934 | 2,924 | ||||
Investments, at fair value | 3,987 | 4,445 | ||||
Construction & Building | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | 8,689 | 6,642 | ||||
Investments, at fair value | 8,813 | 6,706 | ||||
Consumer Goods: Durable | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | 8,295 | 9,333 | ||||
Investments, at fair value | 8,242 | 9,338 | ||||
Environmental Industries | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | 5,421 | 6,164 | ||||
Investments, at fair value | 5,896 | 6,558 | ||||
FIRE: Finance | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | 14,771 | 25,021 | ||||
Investments, at fair value | 15,388 | 23,892 | ||||
FIRE: Real Estate | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | 87,226 | 81,922 | ||||
Investments, at fair value | 85,153 | 82,498 | ||||
Healthcare & Pharmaceuticals | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | 70,992 | 59,659 | ||||
Investments, at fair value | 69,354 | 59,273 | ||||
High Tech Industries | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | 42,123 | 52,385 | ||||
Investments, at fair value | 40,723 | 52,891 | ||||
Hotels, Gaming & Leisure | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | 111 | 2,702 | ||||
Investments, at fair value | 110 | 2,720 | ||||
Media: Advertising, Printing & Publishing | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | 18,267 | 17,470 | ||||
Investments, at fair value | 20,238 | 19,777 | ||||
Media: Broadcasting & Subscription | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | 4,214 | 2,747 | ||||
Investments, at fair value | 2,217 | 2,691 | ||||
Media: Diversified & Production | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | 41,734 | 36,018 | ||||
Investments, at fair value | 41,897 | 36,164 | ||||
Retail | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | 2,443 | 9,247 | ||||
Investments, at fair value | 1,995 | 9,306 | ||||
Services: Business | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | 55,852 | 56,249 | ||||
Investments, at fair value | 56,655 | 57,308 | ||||
Services: Consumer | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | 25,283 | 40,086 | ||||
Investments, at fair value | 16,772 | 31,324 | ||||
Telecommunications | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | 7,262 | 7,502 | ||||
Investments, at fair value | 7,508 | 7,595 | ||||
Wholesale | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | 15,978 | 16,044 | ||||
Investments, at fair value | 15,182 | 14,165 | ||||
Aerospace & Defense | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | 7,784 | 7,461 | ||||
Investments, at fair value | 7,876 | 7,436 | ||||
Senior secured loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | 393,723 | 436,066 | ||||
Investments, at fair value | 388,882 | 434,023 | ||||
Unitranche secured loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | 13,740 | 45,352 | ||||
Investments, at fair value | 13,877 | 20,633 | ||||
Junior secured loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | 29,372 | 21,141 | ||||
Investments, at fair value | 26,594 | 22,193 | ||||
Equity Securities | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | 31,391 | 34,098 | ||||
Investments, at fair value | 25,911 | 28,682 | ||||
Non-controlled/non-affiliate company investments | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | 377,620 | [2] | 446,964 | [3] | ||
Investments, at fair value | $ 371,723 | [2],[4] | $ 418,913 | [3],[5] | ||
% of net assets | 182.70% | [2],[6] | 186.10% | [3],[7] | ||
Non-controlled/non-affiliate company investments | Senior secured loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | $ 358,567 | [2] | $ 425,065 | [3] | ||
Amortized cost | 322,994 | [2] | 366,067 | [3] | ||
Investments, at fair value | $ 323,684 | [2],[4] | $ 365,806 | [3],[5] | ||
% of net assets | 159.20% | [2],[6] | 162.60% | [3],[7] | ||
Non-controlled/non-affiliate company investments | Senior secured loans | Automotive | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | $ 22,056 | [2] | $ 20,441 | [3] | ||
Amortized cost | 19,401 | [2] | 16,395 | [3] | ||
Investments, at fair value | $ 18,438 | [2],[4] | $ 16,326 | [3],[5] | ||
% of net assets | 9.10% | [2],[6] | 7.30% | [3],[7] | ||
Non-controlled/non-affiliate company investments | Senior secured loans | Banking | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | $ 11,014 | [2] | $ 10,773 | [3] | ||
Amortized cost | 10,486 | [2] | 10,134 | [3] | ||
Investments, at fair value | $ 10,467 | [2],[4] | $ 10,345 | [3],[5] | ||
% of net assets | 5.20% | [2],[6] | 4.60% | [3],[7] | ||
Non-controlled/non-affiliate company investments | Senior secured loans | Beverage, Food & Tobacco | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | $ 3,107 | [2] | $ 9,782 | [3] | ||
Amortized cost | 2,850 | [2] | 8,446 | [3] | ||
Investments, at fair value | $ 2,869 | [2],[4] | $ 8,358 | [3],[5] | ||
% of net assets | 1.40% | [2],[6] | 3.70% | [3],[7] | ||
Non-controlled/non-affiliate company investments | Senior secured loans | Capital Equipment | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | $ 4,987 | [2] | $ 20,572 | [3] | ||
Amortized cost | 4,880 | [2] | 18,496 | [3] | ||
Investments, at fair value | $ 4,893 | [2],[4] | $ 18,808 | [3],[5] | ||
% of net assets | 2.40% | [2],[6] | 8.40% | [3],[7] | ||
Non-controlled/non-affiliate company investments | Senior secured loans | Chemicals, Plastics & Rubber | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | $ 3,473 | [2] | $ 3,466 | [3] | ||
Amortized cost | 2,433 | [2] | 2,423 | [3] | ||
Investments, at fair value | $ 3,680 | [2],[4] | $ 3,890 | [3],[5] | ||
% of net assets | 1.70% | [2],[6] | 1.70% | [3],[7] | ||
Non-controlled/non-affiliate company investments | Senior secured loans | Construction & Building | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | $ 9,352 | [2] | $ 6,698 | [3] | ||
Amortized cost | 8,534 | [2] | 6,642 | [3] | ||
Investments, at fair value | $ 8,655 | [2],[4] | $ 6,706 | [3],[5] | ||
% of net assets | 4.30% | [2],[6] | 3% | [3],[7] | ||
Non-controlled/non-affiliate company investments | Senior secured loans | Consumer Goods: Durable | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | $ 10,017 | [2] | $ 11,292 | [3] | ||
Amortized cost | 8,214 | [2] | 9,252 | [3] | ||
Investments, at fair value | $ 8,186 | [2],[4] | $ 9,236 | [3],[5] | ||
% of net assets | 4% | [2],[6] | 4.10% | [3],[7] | ||
Non-controlled/non-affiliate company investments | Senior secured loans | Consumer Goods: Non-Durable | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | $ 3,527 | [2] | $ 3,536 | [3] | ||
Amortized cost | 3,415 | [2] | 3,508 | [3] | ||
Investments, at fair value | $ 2,387 | [2],[4] | $ 3,508 | [3],[5] | ||
% of net assets | 1.20% | [2],[6] | 1.60% | [3],[7] | ||
Non-controlled/non-affiliate company investments | Senior secured loans | Environmental Industries | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | $ 5,448 | [2] | $ 7,608 | [3] | ||
Amortized cost | 5,354 | [2] | 6,097 | [3] | ||
Investments, at fair value | $ 5,459 | [2],[4] | $ 6,201 | [3],[5] | ||
% of net assets | 2.70% | [2],[6] | 2.80% | [3],[7] | ||
Non-controlled/non-affiliate company investments | Senior secured loans | FIRE: Finance | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | $ 16,552 | [2] | $ 29,660 | [3] | ||
Amortized cost | 14,694 | [2] | 24,944 | [3] | ||
Investments, at fair value | $ 15,013 | [2],[4] | $ 23,495 | [3],[5] | ||
% of net assets | 7.30% | [2],[6] | 10.40% | [3],[7] | ||
Non-controlled/non-affiliate company investments | Senior secured loans | FIRE: Real Estate | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | $ 5,301 | [2] | $ 7,857 | [3] | ||
Amortized cost | 3,903 | [2] | 6,853 | [3] | ||
Investments, at fair value | $ 3,967 | [2],[4] | $ 6,926 | [3],[5] | ||
% of net assets | 1.90% | [2],[6] | 3.10% | [3],[7] | ||
Non-controlled/non-affiliate company investments | Senior secured loans | Healthcare & Pharmaceuticals | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | $ 70,729 | [2] | $ 61,092 | [3] | ||
Amortized cost | 62,433 | [2] | 45,636 | [3] | ||
Investments, at fair value | $ 62,727 | [2],[4] | $ 46,159 | [3],[5] | ||
% of net assets | 30.70% | [2],[6] | 20.50% | [3],[7] | ||
Non-controlled/non-affiliate company investments | Senior secured loans | High Tech Industries | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | $ 32,001 | [2] | $ 42,877 | [3] | ||
Amortized cost | 29,520 | [2] | 38,709 | [3] | ||
Investments, at fair value | $ 29,769 | [2],[4] | $ 38,519 | [3],[5] | ||
% of net assets | 14.70% | [2],[6] | 17.10% | [3],[7] | ||
Non-controlled/non-affiliate company investments | Senior secured loans | Hotels, Gaming & Leisure | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | [3] | $ 3,097 | ||||
Amortized cost | [3] | 2,591 | ||||
Investments, at fair value | [3],[5] | $ 2,611 | ||||
% of net assets | [3],[7] | 1.10% | ||||
Non-controlled/non-affiliate company investments | Senior secured loans | Media: Advertising, Printing & Publishing | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | $ 20,762 | [2] | $ 20,507 | [3] | ||
Amortized cost | 17,983 | [2] | 17,186 | [3] | ||
Investments, at fair value | $ 18,008 | [2],[4] | $ 17,345 | [3],[5] | ||
% of net assets | 8.80% | [2],[6] | 7.70% | [3],[7] | ||
Non-controlled/non-affiliate company investments | Senior secured loans | Media: Broadcasting & Subscription | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | $ 1,227 | [2] | $ 2,747 | [3] | ||
Amortized cost | 1,171 | [2] | 2,747 | [3] | ||
Investments, at fair value | $ 1,149 | [2],[4] | $ 2,691 | [3],[5] | ||
% of net assets | 0.60% | [2],[6] | 1.20% | [3],[7] | ||
Non-controlled/non-affiliate company investments | Senior secured loans | Media: Diversified & Production | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | $ 46,647 | [2] | $ 43,230 | [3] | ||
Amortized cost | 41,147 | [2] | 35,634 | [3] | ||
Investments, at fair value | $ 41,275 | [2],[4] | $ 35,592 | [3],[5] | ||
% of net assets | 20.40% | [2],[6] | 15.80% | [3],[7] | ||
Non-controlled/non-affiliate company investments | Senior secured loans | Retail | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | $ 660 | [2] | $ 8,772 | [3] | ||
Amortized cost | 423 | [2] | 8,535 | [3] | ||
Investments, at fair value | $ 620 | [2],[4] | $ 8,522 | [3],[5] | ||
% of net assets | 0.30% | [2],[6] | 3.80% | [3],[7] | ||
Non-controlled/non-affiliate company investments | Senior secured loans | Services: Business | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | $ 54,873 | [2] | $ 58,660 | [3] | ||
Amortized cost | 51,751 | [2] | 52,282 | [3] | ||
Investments, at fair value | $ 52,035 | [2],[4] | $ 52,627 | [3],[5] | ||
% of net assets | 25.60% | [2],[6] | 23.40% | [3],[7] | ||
Non-controlled/non-affiliate company investments | Senior secured loans | Services: Consumer | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | $ 14,884 | [2] | $ 30,570 | [3] | ||
Amortized cost | 13,668 | [2] | 28,517 | [3] | ||
Investments, at fair value | $ 13,724 | [2],[4] | $ 28,507 | [3],[5] | ||
% of net assets | 6.80% | [2],[6] | 12.70% | [3],[7] | ||
Non-controlled/non-affiliate company investments | Senior secured loans | Telecommunications | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | $ 6,185 | [2] | $ 5,998 | [3] | ||
Amortized cost | 4,970 | [2] | 5,210 | [3] | ||
Investments, at fair value | $ 5,209 | [2],[4] | $ 5,269 | [3],[5] | ||
% of net assets | 2.60% | [2],[6] | 2.30% | [3],[7] | ||
Non-controlled/non-affiliate company investments | Senior secured loans | Wholesale | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | $ 15,765 | [2] | $ 15,830 | [3] | ||
Amortized cost | 15,764 | [2] | 15,830 | [3] | ||
Investments, at fair value | $ 15,154 | [2],[4] | $ 14,165 | [3],[5] | ||
% of net assets | 7.50% | [2],[6] | 6.30% | [3],[7] | ||
Non-controlled/non-affiliate company investments | Unitranche secured loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | $ 13,991 | [2],[8] | $ 45,813 | [3],[9] | ||
Amortized cost | 13,740 | [2],[8] | 45,352 | [3],[9] | ||
Investments, at fair value | $ 13,877 | [2],[4],[8] | $ 20,633 | [3],[5],[9] | ||
% of net assets | 6.80% | [2],[6],[8] | 9.20% | [3],[7],[9] | ||
Non-controlled/non-affiliate company investments | Unitranche secured loans | Consumer Goods: Non-Durable | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | [3],[9] | $ 24,792 | ||||
Amortized cost | [3],[9] | 24,768 | ||||
Investments, at fair value | [3],[5],[9] | $ 0 | ||||
% of net assets | [3],[7],[9] | 0% | ||||
Non-controlled/non-affiliate company investments | Unitranche secured loans | High Tech Industries | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | [3],[9] | $ 7,326 | ||||
Amortized cost | [3],[9] | 7,301 | ||||
Investments, at fair value | [3],[5],[9] | $ 7,326 | ||||
% of net assets | [3],[7],[9] | 3.30% | ||||
Non-controlled/non-affiliate company investments | Unitranche secured loans | Services: Business | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | $ 3,865 | [2],[8] | $ 3,865 | [3],[9] | ||
Amortized cost | 3,706 | [2],[8] | 3,572 | [3],[9] | ||
Investments, at fair value | $ 3,751 | [2],[4],[8] | $ 3,614 | [3],[5],[9] | ||
% of net assets | 1.80% | [2],[6],[8] | 1.60% | [3],[7],[9] | ||
Non-controlled/non-affiliate company investments | Unitranche secured loans | Telecommunications | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | $ 2,250 | [2],[8] | $ 2,250 | [3],[9] | ||
Amortized cost | 2,250 | [2],[8] | 2,250 | [3],[9] | ||
Investments, at fair value | $ 2,250 | [2],[4],[8] | $ 2,257 | [3],[5],[9] | ||
% of net assets | 1.10% | [2],[6],[8] | 1% | [3],[7],[9] | ||
Non-controlled/non-affiliate company investments | Unitranche secured loans | Aerospace & Defense | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | $ 7,876 | [2],[8] | $ 7,580 | [3],[9] | ||
Amortized cost | 7,784 | [2],[8] | 7,461 | [3],[9] | ||
Investments, at fair value | $ 7,876 | [2],[4],[8] | $ 7,436 | [3],[5],[9] | ||
% of net assets | 3.90% | [2],[6],[8] | 3.30% | [3],[7],[9] | ||
Non-controlled/non-affiliate company investments | Junior secured loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | $ 24,427 | [2] | $ 17,569 | [3] | ||
Amortized cost | 23,522 | [2] | 15,291 | [3] | ||
Investments, at fair value | $ 21,055 | [2],[4] | $ 16,343 | [3],[5] | ||
% of net assets | 10.40% | [2],[6] | 7.20% | [3],[7] | ||
Non-controlled/non-affiliate company investments | Junior secured loans | Banking | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | $ 4,875 | [2] | $ 8,250 | [3] | ||
Amortized cost | 4,841 | [2] | 6,693 | [3] | ||
Investments, at fair value | $ 4,918 | [2],[4] | $ 6,663 | [3],[5] | ||
% of net assets | 2.40% | [2],[6] | 2.90% | [3],[7] | ||
Non-controlled/non-affiliate company investments | Junior secured loans | FIRE: Real Estate | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | $ 11,121 | [2] | $ 8,486 | [3] | ||
Amortized cost | 10,347 | [2] | 7,767 | [3] | ||
Investments, at fair value | $ 10,204 | [2],[4] | $ 7,798 | [3],[5] | ||
% of net assets | 5% | [2],[6] | 3.50% | [3],[7] | ||
Non-controlled/non-affiliate company investments | Junior secured loans | High Tech Industries | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | [2] | $ 4,727 | ||||
Amortized cost | [2] | 4,632 | ||||
Investments, at fair value | [2],[4] | $ 2,340 | ||||
% of net assets | [2],[6] | 1.20% | ||||
Non-controlled/non-affiliate company investments | Junior secured loans | Media: Broadcasting & Subscription | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | [2] | $ 1,563 | ||||
Amortized cost | [2] | 1,563 | ||||
Investments, at fair value | [2],[4] | $ 464 | ||||
% of net assets | [2],[6] | 0.20% | ||||
Non-controlled/non-affiliate company investments | Junior secured loans | Retail | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | [2] | $ 1,308 | ||||
Amortized cost | [2] | 1,308 | ||||
Investments, at fair value | [2],[4] | $ 955 | ||||
% of net assets | [2],[6] | 0.50% | ||||
Non-controlled/non-affiliate company investments | Junior secured loans | Services: Consumer | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | $ 833 | [2] | $ 833 | [3] | ||
Amortized cost | 831 | [2] | 831 | [3] | ||
Investments, at fair value | $ 2,174 | [2],[4] | $ 1,882 | [3],[5] | ||
% of net assets | 1.10% | [2],[6] | 0.80% | [3],[7] | ||
Non-controlled/non-affiliate company investments | Equity Securities | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 17,364 | [2],[10],[11] | $ 20,254 | [3],[12],[13] | ||
Investments, at fair value | $ 13,107 | [2],[4],[10],[11] | $ 16,131 | [3],[5],[12],[13] | ||
% of net assets | 6.30% | [2],[6],[10],[11] | 7.10% | [3],[7],[12],[13] | ||
Non-controlled/non-affiliate company investments | Equity Securities | Automotive | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 380 | [2],[10],[11] | $ 380 | [3],[12],[13] | ||
Investments, at fair value | $ 57 | [2],[4],[10],[11] | $ 311 | [3],[5],[12],[13] | ||
% of net assets | 0% | [2],[6],[10],[11] | 0.10% | [3],[7],[12],[13] | ||
Non-controlled/non-affiliate company investments | Equity Securities | Banking | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 963 | [2],[10],[11] | $ 963 | [3],[12],[13] | ||
Investments, at fair value | $ 0 | [2],[4],[10],[11] | $ 2,809 | [3],[5],[12],[13] | ||
% of net assets | 0% | [2],[6],[10],[11] | 1.30% | [3],[7],[12],[13] | ||
Non-controlled/non-affiliate company investments | Equity Securities | Beverage, Food & Tobacco | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | [3],[12],[13] | $ 5,468 | ||||
Investments, at fair value | [3],[5],[12],[13] | $ 1,266 | ||||
% of net assets | [3],[7],[12],[13] | 0.60% | ||||
Non-controlled/non-affiliate company investments | Equity Securities | Capital Equipment | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | [3],[12],[13] | $ 119 | ||||
Investments, at fair value | [3],[5],[12],[13] | $ 204 | ||||
% of net assets | [3],[7],[12],[13] | 0.10% | ||||
Non-controlled/non-affiliate company investments | Equity Securities | Chemicals, Plastics & Rubber | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 501 | [2],[10],[11] | $ 501 | [3],[12],[13] | ||
Investments, at fair value | $ 307 | [2],[4],[10],[11] | $ 555 | [3],[5],[12],[13] | ||
% of net assets | 0.20% | [2],[6],[10],[11] | 0.20% | [3],[7],[12],[13] | ||
Non-controlled/non-affiliate company investments | Equity Securities | Construction & Building | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | [2],[10],[11] | $ 155 | ||||
Investments, at fair value | [2],[4],[10],[11] | $ 158 | ||||
% of net assets | [2],[6],[10],[11] | 0.10% | ||||
Non-controlled/non-affiliate company investments | Equity Securities | Consumer Goods: Durable | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 81 | [2],[10],[11] | $ 81 | [3],[12],[13] | ||
Investments, at fair value | $ 56 | [2],[4],[10],[11] | $ 102 | [3],[5],[12],[13] | ||
% of net assets | 0% | [2],[6],[10],[11] | 0% | [3],[7],[12],[13] | ||
Non-controlled/non-affiliate company investments | Equity Securities | Environmental Industries | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 67 | [2],[10],[11] | $ 67 | [3],[12],[13] | ||
Investments, at fair value | $ 437 | [2],[4],[10],[11] | $ 357 | [3],[5],[12],[13] | ||
% of net assets | 0.20% | [2],[6],[10],[11] | 0.20% | [3],[7],[12],[13] | ||
Non-controlled/non-affiliate company investments | Equity Securities | FIRE: Finance | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 77 | [2],[10],[11] | $ 77 | [3],[12],[13] | ||
Investments, at fair value | $ 375 | [2],[4],[10],[11] | $ 397 | [3],[5],[12],[13] | ||
% of net assets | 0.10% | [2],[6],[10],[11] | 0.20% | [3],[7],[12],[13] | ||
Non-controlled/non-affiliate company investments | Equity Securities | FIRE: Real Estate | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 3 | [2],[10],[11] | $ 2 | [3],[12],[13] | ||
Investments, at fair value | $ 2,152 | [2],[4],[10],[11] | $ 1,047 | [3],[5],[12],[13] | ||
% of net assets | 1.10% | [2],[6],[10],[11] | 0.50% | [3],[7],[12],[13] | ||
Non-controlled/non-affiliate company investments | Equity Securities | Healthcare & Pharmaceuticals | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 2,314 | [2],[10],[11] | $ 1,802 | [3],[12],[13] | ||
Investments, at fair value | $ 2,469 | [2],[4],[10],[11] | $ 2,303 | [3],[5],[12],[13] | ||
% of net assets | 1.20% | [2],[6],[10],[11] | 1% | [3],[7],[12],[13] | ||
Non-controlled/non-affiliate company investments | Equity Securities | High Tech Industries | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 984 | [2],[10],[11] | $ 684 | [3],[12],[13] | ||
Investments, at fair value | $ 1,714 | [2],[4],[10],[11] | $ 1,340 | [3],[5],[12],[13] | ||
% of net assets | 0.90% | [2],[6],[10],[11] | 0.60% | [3],[7],[12],[13] | ||
Non-controlled/non-affiliate company investments | Equity Securities | Hotels, Gaming & Leisure | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 111 | [2],[10],[11] | $ 111 | [3],[12],[13] | ||
Investments, at fair value | $ 110 | [2],[4],[10],[11] | $ 109 | [3],[5],[12],[13] | ||
% of net assets | 0.10% | [2],[6],[10],[11] | 0% | [3],[7],[12],[13] | ||
Non-controlled/non-affiliate company investments | Equity Securities | Media: Advertising, Printing & Publishing | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 284 | [2],[10],[11] | $ 284 | [3],[12],[13] | ||
Investments, at fair value | $ 2,230 | [2],[4],[10],[11] | $ 2,432 | [3],[5],[12],[13] | ||
% of net assets | 1% | [2],[6],[10],[11] | 1.10% | [3],[7],[12],[13] | ||
Non-controlled/non-affiliate company investments | Equity Securities | Media: Broadcasting & Subscription | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | [2],[10],[11] | $ 1,480 | ||||
Investments, at fair value | [2],[4],[10],[11] | $ 604 | ||||
% of net assets | [2],[6],[10],[11] | 0.30% | ||||
Non-controlled/non-affiliate company investments | Equity Securities | Media: Diversified & Production | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 587 | [2],[10],[11] | $ 384 | [3],[12],[13] | ||
Investments, at fair value | $ 622 | [2],[4],[10],[11] | $ 572 | [3],[5],[12],[13] | ||
% of net assets | 0.30% | [2],[6],[10],[11] | 0.20% | [3],[7],[12],[13] | ||
Non-controlled/non-affiliate company investments | Equity Securities | Retail | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 712 | [2],[10],[11] | $ 712 | [3],[12],[13] | ||
Investments, at fair value | $ 420 | [2],[4],[10],[11] | $ 784 | [3],[5],[12],[13] | ||
% of net assets | 0.20% | [2],[6],[10],[11] | 0.40% | [3],[7],[12],[13] | ||
Non-controlled/non-affiliate company investments | Equity Securities | Services: Business | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 395 | [2],[10],[11] | $ 395 | [3],[12],[13] | ||
Investments, at fair value | $ 869 | [2],[4],[10],[11] | $ 921 | [3],[5],[12],[13] | ||
% of net assets | 0.40% | [2],[6],[10],[11] | 0.40% | [3],[7],[12],[13] | ||
Non-controlled/non-affiliate company investments | Equity Securities | Services: Consumer | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 8,014 | [2],[10],[11] | $ 7,968 | [3],[12],[13] | ||
Investments, at fair value | $ 450 | [2],[4],[10],[11] | $ 553 | [3],[5],[12],[13] | ||
% of net assets | 0.20% | [2],[6],[10],[11] | 0.20% | [3],[7],[12],[13] | ||
Non-controlled/non-affiliate company investments | Equity Securities | Telecommunications | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 42 | [2],[10],[11] | $ 42 | [3],[12],[13] | ||
Investments, at fair value | $ 49 | [2],[4],[10],[11] | $ 69 | [3],[5],[12],[13] | ||
% of net assets | 0% | [2],[6],[10],[11] | 0% | [3],[7],[12],[13] | ||
Non-controlled/non-affiliate company investments | Equity Securities | Wholesale | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 214 | [2],[10],[11] | $ 214 | [12],[13] | ||
Investments, at fair value | $ 28 | [2],[4],[10],[11] | $ 0 | [5],[12],[13] | ||
% of net assets | 0% | [2],[6],[10],[11] | 0% | [7],[12],[13] | ||
Non-controlled affiliate company investments | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 90,606 | [2],[14] | $ 89,693 | [3] | ||
Investments, at fair value | $ 83,541 | [2],[4],[14] | $ 86,618 | [3],[5] | $ 90,281 | |
% of net assets | 40.70% | [2],[6],[14] | 38.50% | [3],[7] | ||
Non-controlled affiliate company investments | Senior secured loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | $ 75,385 | [2],[14] | $ 75,344 | [3],[15] | ||
Amortized cost | 70,729 | [2],[14] | 69,999 | [3],[15] | ||
Investments, at fair value | $ 65,198 | [2],[4],[14] | $ 68,217 | [3],[5],[15] | ||
% of net assets | 31.80% | [2],[6],[14] | 30.30% | [3],[7],[15] | ||
Non-controlled affiliate company investments | Senior secured loans | Beverage, Food & Tobacco | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | $ 477 | [2],[14] | $ 477 | [3],[15] | ||
Amortized cost | 0 | [2],[14] | 80 | [3],[15] | ||
Investments, at fair value | $ 0 | [2],[4],[14] | $ 80 | [3],[5],[15] | ||
% of net assets | 0% | [2],[6],[14] | 0% | [3],[7],[15] | ||
Non-controlled affiliate company investments | Senior secured loans | FIRE: Real Estate | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | $ 66,484 | [2],[14] | $ 60,140 | [3],[15] | ||
Amortized cost | 62,430 | [2],[14] | 56,757 | [3],[15] | ||
Investments, at fair value | $ 57,874 | [2],[4],[14] | $ 55,686 | [3],[5],[15] | ||
% of net assets | 28.30% | [2],[6],[14] | 24.70% | [3],[7],[15] | ||
Non-controlled affiliate company investments | Senior secured loans | Healthcare & Pharmaceuticals | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | [3],[15] | $ 7,346 | ||||
Amortized cost | [3],[15] | 6,159 | ||||
Investments, at fair value | [3],[5],[15] | $ 6,217 | ||||
% of net assets | [3],[7],[15] | 2.80% | ||||
Non-controlled affiliate company investments | Senior secured loans | High Tech Industries | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | $ 7,068 | [2],[14] | $ 6,025 | [3],[15] | ||
Amortized cost | 6,987 | [2],[14] | 5,691 | [3],[15] | ||
Investments, at fair value | $ 6,900 | [2],[4],[14] | $ 5,706 | [3],[5],[15] | ||
% of net assets | 3.30% | [2],[6],[14] | 2.50% | [3],[7],[15] | ||
Non-controlled affiliate company investments | Senior secured loans | Services: Business | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | [3],[15] | $ 0 | ||||
Amortized cost | [3],[15] | 0 | ||||
Investments, at fair value | [3],[5],[15] | $ 146 | ||||
% of net assets | [3],[7],[15] | 0.10% | ||||
Non-controlled affiliate company investments | Senior secured loans | Services: Consumer | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | $ 1,356 | [2],[14] | $ 1,356 | [3],[15] | ||
Amortized cost | 1,312 | [2],[14] | 1,312 | [3],[15] | ||
Investments, at fair value | $ 424 | [2],[4],[14] | $ 382 | [3],[5],[15] | ||
% of net assets | 0.20% | [2],[6],[14] | 0.20% | [3],[7],[15] | ||
Non-controlled affiliate company investments | Junior secured loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | $ 5,850 | [2],[14] | $ 5,850 | [3],[15] | ||
Amortized cost | 5,850 | [2],[14] | 5,850 | [3],[15] | ||
Investments, at fair value | $ 5,539 | [2],[4],[14] | $ 5,850 | [3],[5],[15] | ||
% of net assets | 2.70% | [2],[6],[14] | 2.60% | [3],[7],[15] | ||
Non-controlled affiliate company investments | Junior secured loans | FIRE: Real Estate | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | $ 5,850 | [2],[14] | $ 5,850 | [3],[15] | ||
Amortized cost | 5,850 | [2],[14] | 5,850 | [3],[15] | ||
Investments, at fair value | $ 5,539 | [2],[4],[14] | $ 5,850 | [3],[5],[15] | ||
% of net assets | 2.70% | [2],[6],[14] | 2.60% | [3],[7],[15] | ||
Non-controlled affiliate company investments | Equity Securities | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 14,027 | [2],[14] | $ 13,844 | [3],[12],[15] | ||
Investments, at fair value | $ 12,804 | [2],[4],[14] | $ 12,551 | [3],[5],[12],[15] | ||
% of net assets | 6.20% | [2],[6],[14] | 5.60% | [3],[7],[12],[15] | ||
Non-controlled affiliate company investments | Equity Securities | Beverage, Food & Tobacco | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 1,631 | [2],[10],[14] | $ 1,631 | [3],[12],[15] | ||
Investments, at fair value | $ 3,229 | [2],[4],[10],[14] | $ 2,766 | [3],[5],[12],[15] | ||
% of net assets | 1.60% | [2],[6],[10],[14] | 1.20% | [3],[7],[12],[15] | ||
Non-controlled affiliate company investments | Equity Securities | FIRE: Real Estate | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 4,693 | [2],[10],[14] | $ 4,693 | [3],[12],[15] | ||
Investments, at fair value | $ 5,417 | [2],[4],[10],[14] | $ 5,191 | [3],[5],[12],[15] | ||
% of net assets | 2.60% | [2],[6],[10],[14] | 2.30% | [3],[7],[12],[15] | ||
Non-controlled affiliate company investments | Equity Securities | Healthcare & Pharmaceuticals | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 6,245 | [2],[10],[14] | $ 6,062 | [3],[12],[15] | ||
Investments, at fair value | $ 4,158 | [2],[4],[10],[14] | $ 4,594 | [3],[5],[12],[15] | ||
% of net assets | 2% | [2],[6],[10],[14] | 2.10% | [3],[7],[12],[15] | ||
Non-controlled affiliate company investments | Equity Securities | High Tech Industries | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 0 | [2],[10],[14] | $ 0 | [3] | ||
Investments, at fair value | $ 0 | [2],[4],[10],[14] | $ 0 | [3],[5] | ||
% of net assets | 0% | [2],[6],[10],[14] | 0% | [3],[7] | ||
Non-controlled affiliate company investments | Equity Securities | Services: Business | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | [3],[12],[15] | $ 0 | ||||
Investments, at fair value | [3],[5],[12],[15] | $ 0 | ||||
% of net assets | [3],[7],[12],[15] | 0% | ||||
Non-controlled affiliate company investments | Equity Securities | Services: Consumer | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 1,458 | [2],[10],[14] | $ 1,458 | [3],[12],[15] | ||
Investments, at fair value | $ 0 | [2],[4],[10],[14] | $ 0 | [3],[5],[12],[15] | ||
% of net assets | 0% | [2],[6],[10],[14] | 0% | [3],[7],[12],[15] | ||
Controlled affiliate company investments | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 42,650 | [2],[16] | $ 42,650 | [3],[17] | ||
Investments, at fair value | $ 33,122 | [2],[4],[16] | $ 35,509 | [3],[5],[17] | 41,125 | |
% of net assets | 16.30% | [2],[6],[16] | 15.80% | [3],[7],[17] | ||
Controlled affiliate company investments | Equity Securities | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 42,650 | [2],[16] | $ 42,650 | [3],[17] | ||
Investments, at fair value | $ 33,122 | [2],[4],[16] | $ 35,509 | [3],[5],[17] | ||
% of net assets | 16.30% | [2],[6],[16] | 15.80% | [3],[7],[17] | ||
Investment, Identifier [Axis]: APCO Worldwide, Inc, Equity Securities, Class A voting common stock | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 395 | |||||
Investments, at fair value | [5] | $ 921 | ||||
% of net assets | [7] | 0.40% | ||||
Investment, Identifier [Axis]: APCO Worldwide, Inc., Equity Securities, Class A voting common stock | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 395 | |||||
Investments, at fair value | [4] | $ 869 | ||||
% of net assets | [6] | 0.40% | ||||
Investment, Identifier [Axis]: ASG II, LLC, Unitranche Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.40% | [18] | 6.25% | [19] | ||
Interest rate | 11.78% | 10.67% | ||||
Principal | $ 1,900 | $ 1,900 | ||||
Amortized cost | 1,869 | 1,865 | ||||
Investments, at fair value | $ 1,900 | [4] | $ 1,900 | [5] | ||
% of net assets | 0.90% | [6] | 0.90% | [7] | ||
Investment, Identifier [Axis]: ASG II, LLC, Unitranche Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.40% | [18],[20],[21] | 6.25% | [1],[19],[22] | ||
Interest rate | 11.78% | [20],[21] | 10.67% | [1],[22] | ||
Principal | $ 285 | [20],[21] | $ 285 | [1],[22] | ||
Amortized cost | 171 | [20],[21] | 51 | [1],[22] | ||
Investments, at fair value | $ 171 | [4],[20],[21] | $ 51 | [1],[5],[22] | ||
% of net assets | 0.10% | [6],[20],[21] | 0% | [1],[7],[22] | ||
Investment, Identifier [Axis]: AdTheorent Holding Company, Inc, Equity Securities, Common stock | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | [23],[24] | $ 114 | ||||
Investments, at fair value | [4],[23],[24] | $ 257 | ||||
% of net assets | [6],[23],[24] | 0.10% | ||||
Investment, Identifier [Axis]: AdTheorent Holding Company, Inc., Equity Securities, Common stock | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | [25],[26] | $ 114 | ||||
Investments, at fair value | [5],[25],[26] | $ 294 | ||||
% of net assets | [7],[25],[26] | 0.20% | ||||
Investment, Identifier [Axis]: Amelia Holding II, LLC , Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18],[20],[21] | 10.26% | ||||
Interest rate paid in cash | [20],[21] | 14.61% | ||||
Interest rate paid in kind | [20],[21] | 1% | ||||
Principal | [20],[21] | $ 668 | ||||
Amortized cost | [20],[21] | 508 | ||||
Investments, at fair value | [4],[20],[21] | $ 510 | ||||
% of net assets | [6],[20],[21] | 0.30% | ||||
Investment, Identifier [Axis]: Amelia Holding II, LLC, Equity Securities, Warrant | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 0 | $ 0 | ||||
Investments, at fair value | $ 29 | [4] | $ 0 | [5] | ||
% of net assets | 0% | [6] | 0% | [7] | ||
Investment, Identifier [Axis]: Amelia Holding II, LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 10.26% | [18] | 10.26% | [19] | ||
Interest rate paid in cash | 14.61% | 13.77% | ||||
Interest rate paid in kind | 1% | 1% | ||||
Principal | $ 2,021 | $ 2,000 | ||||
Amortized cost | 1,970 | 1,940 | ||||
Investments, at fair value | $ 2,028 | [4] | $ 1,940 | [5] | ||
% of net assets | 1% | [6] | 0.90% | [7] | ||
Investment, Identifier [Axis]: Amelia Holding II, LLC, Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[19],[22] | 10.26% | ||||
Interest rate paid in cash | [1],[22] | 13.77% | ||||
Interest rate paid in kind | [1],[22] | 1% | ||||
Principal | [1],[22] | $ 667 | ||||
Amortized cost | [1],[22] | 0 | ||||
Investments, at fair value | [1],[5],[22] | $ 0 | ||||
% of net assets | [1],[7],[22] | 0% | ||||
Investment, Identifier [Axis]: Amelia Holding II, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 10% | [18],[20] | 10.26% | [1],[19] | ||
Interest rate paid in cash | 14.36% | [20] | 13.77% | [1] | ||
Interest rate paid in kind | 1% | [20] | 1% | [1] | ||
Principal | $ 133 | [20] | $ 133 | [1] | ||
Amortized cost | 27 | [20] | 0 | [1] | ||
Investments, at fair value | $ 27 | [4],[20] | $ 0 | [1],[5] | ||
% of net assets | 0% | [6],[20] | 0% | [1],[7] | ||
Investment, Identifier [Axis]: American Broadband and Telecommunications Company LLC, Equity Securities, Warrant | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 42 | |||||
Investments, at fair value | [5] | $ 69 | ||||
% of net assets | [7] | 0% | ||||
Investment, Identifier [Axis]: American Broadband and Telecommunications Company LLC, Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 12% | [18],[20],[21] | 12% | [1],[19],[22] | ||
Interest rate paid in cash | 18.50% | [20],[21] | 17.50% | [1],[22] | ||
Interest rate paid in kind | 2% | [20],[21] | 2% | [1],[22] | ||
Principal | $ 1,377 | [20],[21] | $ 1,689 | [1],[22] | ||
Amortized cost | 1,266 | [20],[21] | 1,521 | [1],[22] | ||
Investments, at fair value | $ 1,430 | [4],[20],[21] | $ 1,539 | [1],[5],[22] | ||
% of net assets | 0.70% | [6],[20],[21] | 0.70% | [1],[7],[22] | ||
Investment, Identifier [Axis]: American Broadband and Telecommunications Company LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 12% | [18],[20] | 12% | [1],[19] | ||
Interest rate paid in cash | 18.50% | [20] | 17.50% | [1] | ||
Interest rate paid in kind | 2% | [20] | 2% | [1] | ||
Principal | $ 500 | [20] | $ 500 | [1] | ||
Amortized cost | 124 | [20] | 121 | [1] | ||
Investments, at fair value | $ 124 | [4],[20] | $ 118 | [1],[5] | ||
% of net assets | 0.10% | [6],[20] | 0% | [1],[7] | ||
Investment, Identifier [Axis]: American Broadband and Telecommunications Company LLC, Warrants | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 42 | |||||
Investments, at fair value | [4] | $ 49 | ||||
% of net assets | [6] | 0% | ||||
Investment, Identifier [Axis]: American Community Homes, Inc, Equity Securities, Common stock | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 0 | |||||
Investments, at fair value | [5] | $ 0 | ||||
% of net assets | [7] | 0% | ||||
Investment, Identifier [Axis]: American Community Homes, Inc. (Revolver) | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 0 | $ 0 | 0 | |||
Investment, Identifier [Axis]: American Community Homes, Inc. , Senior Secured Loans3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 8.11% | ||||
Interest rate paid in kind | 12.44% | |||||
Principal | $ 682 | |||||
Amortized cost | 682 | |||||
Investments, at fair value | [5] | $ 543 | ||||
% of net assets | [7] | 0.20% | ||||
Investment, Identifier [Axis]: American Community Homes, Inc. 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 8,953 | 10,457 | ||||
Investment, Identifier [Axis]: American Community Homes, Inc. 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 4,258 | 4,753 | ||||
Investment, Identifier [Axis]: American Community Homes, Inc. 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 543 | 634 | ||||
Investment, Identifier [Axis]: American Community Homes, Inc. 4 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 1,996 | 3,164 | ||||
Investment, Identifier [Axis]: American Community Homes, Inc. 5 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 3,694 | 4,357 | ||||
Investment, Identifier [Axis]: American Community Homes, Inc. 6 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 17 | 20 | ||||
Investment, Identifier [Axis]: American Community Homes, Inc. 7 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 85 | 99 | ||||
Investment, Identifier [Axis]: American Community Homes, Inc. Common stock | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 0 | 0 | ||||
Investment, Identifier [Axis]: American Community Homes, Inc. common stock | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 0 | 0 | ||||
Investment, Identifier [Axis]: American Community Homes, Inc., Equity Securities, Common stock | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | 0 | |||||
Investments, at fair value | [4] | $ 0 | ||||
% of net assets | [6] | 0% | ||||
Investment, Identifier [Axis]: American Community Homes, Inc., Senior Secured Loans 4 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 1,808 | $ 1,996 | ||||
Investment, Identifier [Axis]: American Community Homes, Inc., Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 2.11% | [18] | 8.11% | [19] | ||
Interest rate paid in kind | 7.47% | 12.44% | ||||
Principal | $ 12,648 | $ 11,246 | ||||
Amortized cost | 12,647 | 11,246 | ||||
Investments, at fair value | $ 8,110 | [4] | $ 8,953 | [5] | ||
% of net assets | 4% | [6] | 4% | [7] | ||
Investment, Identifier [Axis]: American Community Homes, Inc., Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 2.11% | [18] | 14.61% | [19] | ||
Interest rate paid in kind | 7.47% | 18.94% | ||||
Principal | $ 6,223 | $ 5,348 | ||||
Amortized cost | 6,223 | 5,348 | ||||
Investments, at fair value | $ 3,990 | [4] | $ 4,258 | [5] | ||
% of net assets | 2% | [6] | 1.90% | [7] | ||
Investment, Identifier [Axis]: American Community Homes, Inc., Senior Secured Loans 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 2.11% | ||||
Interest rate paid in kind | 7.47% | |||||
Principal | $ 767 | |||||
Amortized cost | 766 | |||||
Investments, at fair value | $ 491 | [4] | $ 543 | |||
% of net assets | [6] | 0.20% | ||||
Investment, Identifier [Axis]: American Community Homes, Inc., Senior Secured Loans 4 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 2.11% | [18] | 8.11% | [19] | ||
Interest rate paid in kind | 7.47% | 12.44% | ||||
Principal | $ 2,819 | $ 2,507 | ||||
Amortized cost | 2,819 | 2,507 | ||||
Investments, at fair value | $ 1,808 | [4] | $ 1,996 | [5] | ||
% of net assets | 0.90% | [6] | 0.90% | [7] | ||
Investment, Identifier [Axis]: American Community Homes, Inc., Senior Secured Loans 5 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 2.11% | [18] | 8.11% | [19] | ||
Interest rate paid in kind | 7.47% | 12.44% | ||||
Principal | $ 5,219 | $ 4,640 | ||||
Amortized cost | 5,219 | 4,640 | ||||
Investments, at fair value | $ 3,347 | [4] | $ 3,694 | [5] | ||
% of net assets | 1.60% | [6] | 1.70% | [7] | ||
Investment, Identifier [Axis]: American Community Homes, Inc., Senior Secured Loans 6 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 2.11% | [18] | 8.11% | [19] | ||
Interest rate paid in kind | 7.47% | 12.44% | ||||
Principal | $ 25 | $ 22 | ||||
Amortized cost | 25 | 22 | ||||
Investments, at fair value | $ 16 | [4] | $ 17 | [5] | ||
% of net assets | 0% | [6] | 0% | [7] | ||
Investment, Identifier [Axis]: American Community Homes, Inc., Senior Secured Loans 7 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 2.11% | [18] | 8.11% | [19] | ||
Interest rate paid in kind | 7.47% | 12.44% | ||||
Principal | $ 120 | $ 106 | ||||
Amortized cost | 120 | 106 | ||||
Investments, at fair value | $ 77 | [4] | $ 85 | [5] | ||
% of net assets | 0% | [6] | 0% | [7] | ||
Investment, Identifier [Axis]: American Community Homes, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 2.11% | [18],[20] | 8.11% | [1],[19] | ||
Interest rate paid in kind | 7.47% | [20] | 12.44% | [1] | ||
Principal | $ 2,500 | [20] | $ 2,500 | [1] | ||
Amortized cost | 0 | [20] | 0 | [1] | ||
Investments, at fair value | $ 0 | [4],[20] | $ 0 | [1],[5] | ||
% of net assets | 0% | [6],[20] | 0% | [1],[7] | ||
Investment, Identifier [Axis]: American Community Homes, Inc., Warrant | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 0 | 264 | ||||
Investment, Identifier [Axis]: Aras Corporation | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 6.90% | ||||
Interest rate paid in cash | 9.04% | |||||
Interest rate paid in kind | 3.25% | |||||
Principal | $ 2,233 | |||||
Amortized cost | 2,214 | |||||
Investments, at fair value | [4] | $ 2,250 | ||||
% of net assets | [6] | 1.10% | ||||
Investment, Identifier [Axis]: Aras Corporation (Revolver) | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18],[20] | 5.50% | ||||
Interest rate | [20] | 14% | ||||
Principal | [20] | $ 150 | ||||
Amortized cost | [20] | 130 | ||||
Investments, at fair value | [4],[20] | $ 130 | ||||
% of net assets | [6],[20] | 0.10% | ||||
Investment, Identifier [Axis]: Aras Corporation, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 7% | ||||
Interest rate paid in cash | 7.16% | |||||
Interest rate paid in kind | 3.75% | |||||
Principal | $ 2,155 | |||||
Amortized cost | 2,127 | |||||
Investments, at fair value | [5] | $ 2,167 | ||||
% of net assets | [7] | 1% | ||||
Investment, Identifier [Axis]: Aras Corporation, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[19] | 6.50% | ||||
Interest rate | [1] | 9.50% | ||||
Principal | [1] | $ 150 | ||||
Amortized cost | [1] | 50 | ||||
Investments, at fair value | [1],[5] | $ 50 | ||||
% of net assets | [1],[7] | 0% | ||||
Investment, Identifier [Axis]: Arcstor Midco, LLC, Junior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 7.85% | ||||
Interest rate paid in kind | [27] | 13.21% | ||||
Principal | $ 4,572 | |||||
Amortized cost | 4,482 | |||||
Investments, at fair value | [4] | $ 2,185 | ||||
% of net assets | [6] | 1.10% | ||||
Investment, Identifier [Axis]: Arcstor Midco, LLC, Junior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 8.10% | ||||
Interest rate paid in kind | [27] | 13.46% | ||||
Principal | $ 155 | |||||
Amortized cost | 150 | |||||
Investments, at fair value | [4] | $ 155 | ||||
% of net assets | [6] | 0.10% | ||||
Investment, Identifier [Axis]: Arcstor Midco, LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 8.10% | [18] | 7.60% | [19] | ||
Interest rate paid in cash | 8.17% | |||||
Interest rate paid in kind | 13.46% | [27] | 3.75% | |||
Principal | $ 155 | $ 4,528 | ||||
Amortized cost | 150 | 4,461 | ||||
Investments, at fair value | $ 155 | [4] | $ 4,122 | [5] | ||
% of net assets | 0.10% | [6] | 1.80% | [7] | ||
Investment, Identifier [Axis]: Ascent Midco, L L C, Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 1,932 | $ 1,969 | ||||
Investment, Identifier [Axis]: Ascent Midco, L L C, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 0 | 6,217 | ||||
Investment, Identifier [Axis]: Ascent Midco, LLC (Revolver) | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 0 | 0 | 0 | |||
Investment, Identifier [Axis]: Ascent Midco, LLC, Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 1,969 | 2,554 | ||||
Investment, Identifier [Axis]: Ascent Midco, LLC, Equity Securities, Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | 8% | [28] | 8% | [29] | ||
Amortized cost | $ 2,032 | [28] | $ 2,032 | [29] | ||
Investments, at fair value | $ 1,932 | [4],[28] | $ 1,969 | [5],[29] | ||
% of net assets | 0.90% | [6],[28] | 0.90% | [7],[29] | ||
Investment, Identifier [Axis]: Ascent Midco, LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 5.75% | ||||
Interest rate | 10.14% | |||||
Principal | $ 6,217 | |||||
Amortized cost | 6,159 | |||||
Investments, at fair value | $ 6,217 | [5] | 6,392 | |||
% of net assets | [7] | 2.80% | ||||
Investment, Identifier [Axis]: Ascent Midco, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[19] | 5.75% | ||||
Interest rate | [1] | 10.14% | ||||
Principal | [1] | $ 1,129 | ||||
Amortized cost | [1] | 0 | ||||
Investments, at fair value | [1],[5] | $ 0 | ||||
% of net assets | [1],[7] | 0% | ||||
Investment, Identifier [Axis]: Attom Intermediate Holdco, LLC, Equity Securities, Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 297 | [28] | $ 297 | [29] | ||
Investments, at fair value | $ 362 | [4],[28] | $ 522 | [5],[29] | ||
% of net assets | 0.20% | [6],[28] | 0.20% | [7],[29] | ||
Investment, Identifier [Axis]: Attom Intermediate Holdco, LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.86% | [18] | 6.25% | [19] | ||
Interest rate | 12.22% | 10.69% | ||||
Principal | $ 1,900 | $ 1,920 | ||||
Amortized cost | 1,900 | 1,911 | ||||
Investments, at fair value | $ 1,870 | [4] | $ 1,915 | [5] | ||
% of net assets | 0.90% | [6] | 0.90% | [7] | ||
Investment, Identifier [Axis]: Attom Intermediate Holdco, LLC, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.86% | [18] | 6.25% | [19] | ||
Interest rate | 12.22% | 10.69% | ||||
Principal | $ 463 | $ 468 | ||||
Amortized cost | 463 | 465 | ||||
Investments, at fair value | $ 456 | [4] | $ 467 | [5] | ||
% of net assets | 0.20% | [6] | 0.20% | [7] | ||
Investment, Identifier [Axis]: Attom Intermediate Holdco, LLC, Senior Secured Loans 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.86% | [18] | 6.25% | [19] | ||
Interest rate | 12.22% | 10.69% | ||||
Principal | $ 273 | $ 276 | ||||
Amortized cost | 270 | 272 | ||||
Investments, at fair value | $ 269 | [4] | $ 275 | [5] | ||
% of net assets | 0.10% | [6] | 0.10% | [7] | ||
Investment, Identifier [Axis]: Attom Intermediate Holdco, LLC, Senior Secured Loans 4 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.86% | [18] | 6.25% | [19] | ||
Interest rate | 12.22% | 10.69% | ||||
Principal | $ 788 | $ 796 | ||||
Amortized cost | 788 | 784 | ||||
Investments, at fair value | $ 775 | [4] | $ 794 | [5] | ||
% of net assets | 0.40% | [6] | 0.30% | [7] | ||
Investment, Identifier [Axis]: Attom Intermediate Holdco, LLC, Senior Secured Loans 5 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.86% | [18] | 6.25% | [19] | ||
Interest rate | 12.22% | 11.39% | ||||
Principal | $ 398 | $ 400 | ||||
Amortized cost | 390 | 388 | ||||
Investments, at fair value | $ 392 | [4] | $ 399 | [5] | ||
% of net assets | 0.20% | [6] | 0.20% | [7] | ||
Investment, Identifier [Axis]: Attom Intermediate Holdco, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.86% | [18],[20] | 6.25% | [1],[19] | ||
Interest rate | 12.22% | [20] | 10.69% | [1] | ||
Principal | $ 320 | [20] | $ 320 | [1] | ||
Amortized cost | 216 | [20] | 0 | [1] | ||
Investments, at fair value | $ 213 | [4],[20] | $ 0 | [1],[5] | ||
% of net assets | 0.10% | [6],[20] | 0% | [1],[7] | ||
Investment, Identifier [Axis]: Avalara, Inc., Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.25% | [18] | 7.25% | [19] | ||
Interest rate | 12.60% | 11.83% | ||||
Principal | $ 4,000 | $ 4,000 | ||||
Amortized cost | 3,915 | 3,902 | ||||
Investments, at fair value | $ 4,040 | [4] | $ 3,900 | [5] | ||
% of net assets | 2% | [6] | 1.70% | [7] | ||
Investment, Identifier [Axis]: Avalara, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.25% | [18],[20] | 7.25% | [1],[19] | ||
Interest rate | 12.60% | [20] | 11.83% | [1] | ||
Principal | $ 400 | [20] | $ 400 | [1] | ||
Amortized cost | 0 | [20] | 0 | [1] | ||
Investments, at fair value | $ 0 | [4],[20] | $ 0 | [1],[5] | ||
% of net assets | 0% | [6],[20] | 0% | [1],[7] | ||
Investment, Identifier [Axis]: BLST Operating Company, LLC, Equity Securities, Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 712 | [28] | $ 712 | [29] | ||
Investments, at fair value | $ 420 | [4],[28] | $ 420 | [5],[29] | ||
% of net assets | 0.20% | [6],[28] | 0.20% | [7],[29] | ||
Investment, Identifier [Axis]: BLST Operating Company, LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 9.50% | [18] | 8.50% | [19] | ||
Interest rate | [30] | 12.62% | ||||
Interest rate paid in cash | 1% | |||||
Interest rate paid in kind | 12.96% | |||||
Principal | $ 660 | $ 588 | ||||
Amortized cost | 423 | 351 | ||||
Investments, at fair value | $ 620 | [4] | $ 571 | [5] | ||
% of net assets | 0.30% | [6] | 0.20% | [7] | ||
Investment, Identifier [Axis]: Bluesight, Inc. , Equity Securities, Class B common units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 0 | |||||
Investments, at fair value | [4] | $ 0 | ||||
% of net assets | [6] | 0% | ||||
Investment, Identifier [Axis]: Bluesight, Inc., Equity Securities, Class A preferred units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | 900% | |||||
Amortized cost | $ 21 | |||||
Investments, at fair value | [4] | $ 19 | ||||
% of net assets | [6] | 0% | ||||
Investment, Identifier [Axis]: Bluesight, Inc., Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 7.25% | ||||
Interest rate | 12.61% | |||||
Principal | $ 2,000 | |||||
Amortized cost | 1,942 | |||||
Investments, at fair value | [4] | $ 1,996 | ||||
% of net assets | [6] | 1% | ||||
Investment, Identifier [Axis]: Bluesight, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18],[20] | 7.25% | ||||
Interest rate | [20] | 12.61% | ||||
Principal | [20] | $ 174 | ||||
Amortized cost | [20] | 0 | ||||
Investments, at fair value | [4],[20] | $ 0 | ||||
% of net assets | [6],[20] | 0% | ||||
Investment, Identifier [Axis]: Bonterra, LLC (fka Cybergrants Holdings), Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 6.25% | ||||
Interest rate | 10.98% | |||||
Principal | $ 13,195 | |||||
Amortized cost | 13,042 | |||||
Investments, at fair value | [5] | $ 12,898 | ||||
% of net assets | [7] | 5.70% | ||||
Investment, Identifier [Axis]: Bonterra, LLC (fka Cybergrants Holdings), Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[19],[22] | 6.25% | ||||
Interest rate | [1],[22] | 10.98% | ||||
Principal | [1],[22] | $ 1,906 | ||||
Amortized cost | [1],[22] | 0 | ||||
Investments, at fair value | [1],[5],[22] | $ 0 | ||||
% of net assets | [1],[7],[22] | 0% | ||||
Investment, Identifier [Axis]: Bonterra, LLC (fka Cybergrants Holdings), Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[19] | 6.25% | ||||
Interest rate | [1] | 10.98% | ||||
Principal | [1] | $ 1,069 | ||||
Amortized cost | [1] | 397 | ||||
Investments, at fair value | [1],[5] | $ 389 | ||||
% of net assets | [1],[7] | 0.20% | ||||
Investment, Identifier [Axis]: Bonterra, LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 7.25% | ||||
Interest rate | 12.60% | |||||
Principal | $ 13,437 | |||||
Amortized cost | 13,310 | |||||
Investments, at fair value | [4] | $ 13,185 | ||||
% of net assets | [6] | 6.50% | ||||
Investment, Identifier [Axis]: Bonterra, LLC, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 8% | ||||
Interest rate paid in kind | 13.35% | |||||
Principal | $ 1,968 | |||||
Amortized cost | 1,941 | |||||
Investments, at fair value | [4] | $ 1,975 | ||||
% of net assets | [6] | 1% | ||||
Investment, Identifier [Axis]: Bonterra, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18],[20] | 7.25% | ||||
Interest rate | [20] | 12.60% | ||||
Principal | [20] | $ 1,069 | ||||
Amortized cost | [20] | 321 | ||||
Investments, at fair value | [4],[20] | $ 315 | ||||
% of net assets | [6],[20] | 0.20% | ||||
Investment, Identifier [Axis]: Born To Run, LLC, Equity Securities, Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 269 | $ 269 | ||||
Investments, at fair value | $ 0 | [4] | $ 233 | [5] | ||
% of net assets | 0% | [6] | 0.10% | [7] | ||
Investment, Identifier [Axis]: Born To Run, LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.26% | [18] | 6% | [19] | ||
Interest rate | 11.64% | 10.73% | ||||
Principal | $ 3,430 | $ 3,448 | ||||
Amortized cost | 3,387 | 3,395 | ||||
Investments, at fair value | $ 2,565 | [4] | $ 3,318 | [5] | ||
% of net assets | 1.30% | [6] | 1.50% | [7] | ||
Investment, Identifier [Axis]: Born To Run, LLC, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.26% | [18] | 6% | [19] | ||
Interest rate | 11.64% | 10.73% | ||||
Principal | $ 467 | $ 470 | ||||
Amortized cost | 467 | 470 | ||||
Investments, at fair value | $ 349 | [4] | $ 452 | [5] | ||
% of net assets | 0.20% | [6] | 0.20% | [7] | ||
Investment, Identifier [Axis]: Brickell Bay Acquisition Corp., Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.65% | [18] | 6.50% | [19] | ||
Interest rate | 12.04% | 10.24% | ||||
Principal | $ 1,861 | $ 1,880 | ||||
Amortized cost | 1,836 | 1,850 | ||||
Investments, at fair value | $ 1,861 | [4] | $ 1,847 | [5] | ||
% of net assets | 0.90% | [6] | 0.80% | [7] | ||
Investment, Identifier [Axis]: Burroughs, Inc. | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 7.60% | ||||
Interest rate | 12.94% | |||||
Principal | $ 4,901 | |||||
Amortized cost | 4,901 | |||||
Investments, at fair value | [4] | $ 4,901 | ||||
% of net assets | [6] | 2.40% | ||||
Investment, Identifier [Axis]: Burroughs, Inc. (Revolver) | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 7.60% | ||||
Interest rate | 12.94% | |||||
Principal | $ 1,215 | |||||
Amortized cost | 1,215 | |||||
Investments, at fair value | [4] | $ 1,215 | ||||
% of net assets | [6] | 0.60% | ||||
Investment, Identifier [Axis]: Burroughs, Inc., Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 6.50% | ||||
Interest rate | 10.72% | |||||
Principal | $ 5,201 | |||||
Amortized cost | 5,201 | |||||
Investments, at fair value | [5] | $ 5,201 | ||||
% of net assets | [7] | 2.30% | ||||
Investment, Identifier [Axis]: Burroughs, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[19] | 6.50% | ||||
Interest rate | [1] | 10.72% | ||||
Principal | [1] | $ 1,215 | ||||
Amortized cost | [1] | 0 | ||||
Investments, at fair value | [1],[5] | $ 0 | ||||
% of net assets | [1],[7] | 0% | ||||
Investment, Identifier [Axis]: C Parent Holdings, LLC. | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 0 | $ 146 | ||||
Investment, Identifier [Axis]: C Parent Holdings, LLC. (fka Curion Holdings, LLC) | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 146 | 4,561 | ||||
Investment, Identifier [Axis]: C Parent Holdings, LLC. (fka Curion Holdings, LLC) (Junior secured loan) 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 0 | 0 | ||||
Investment, Identifier [Axis]: C Parent Holdings, LLC. (fka Curion Holdings, LLC) (Junior secured loan) 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 0 | 0 | ||||
Investment, Identifier [Axis]: C Parent Holdings, LLC. (fka Curion Holdings, LLC) (Revolver) | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 0 | 550 | ||||
Investment, Identifier [Axis]: C Parent Holdings, LLC. (fka Curion Holdings, LLC) Common stock | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 0 | 0 | ||||
Investment, Identifier [Axis]: C Parent Holdings, LLC. (fka Curion Holdings, LLC), Equity Securities, Common stock | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | [31] | 0 | ||||
Investments, at fair value | [5],[31] | $ 0 | ||||
% of net assets | [7],[31] | 0% | ||||
Investment, Identifier [Axis]: C Parent Holdings, LLC. (fka Curion Holdings, LLC), Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | [31] | $ 0 | ||||
Amortized cost | [31] | 0 | ||||
Investments, at fair value | [5],[31] | $ 146 | ||||
% of net assets | [7],[31] | 0.10% | ||||
Investment, Identifier [Axis]: C Parent Holdings, LLC. Common stock | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 0 | $ 0 | ||||
Investment, Identifier [Axis]: CGI Automated Manufacturing, LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.26% | [18] | 6.50% | [19] | ||
Interest rate | 12.61% | 11.34% | ||||
Principal | $ 3,875 | $ 3,975 | ||||
Amortized cost | 3,789 | 3,863 | ||||
Investments, at fair value | $ 3,802 | [4] | $ 3,975 | [5] | ||
% of net assets | 1.90% | [6] | 1.80% | [7] | ||
Investment, Identifier [Axis]: CGI Automated Manufacturing, LLC, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.26% | [18] | 6.50% | [19] | ||
Interest rate | 12.61% | 11.34% | ||||
Principal | $ 1,112 | $ 1,141 | ||||
Amortized cost | 1,091 | 1,114 | ||||
Investments, at fair value | $ 1,091 | [4] | $ 1,141 | [5] | ||
% of net assets | 0.50% | [6] | 0.50% | [7] | ||
Investment, Identifier [Axis]: Calabrio, Inc., Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.13% | [18] | 7% | [19] | ||
Interest rate | 12.48% | 11.73% | ||||
Principal | $ 3,400 | $ 3,400 | ||||
Amortized cost | 3,346 | 3,334 | ||||
Investments, at fair value | $ 3,421 | [4] | $ 3,379 | [5] | ||
% of net assets | 1.70% | [6] | 1.50% | [7] | ||
Investment, Identifier [Axis]: Calabrio, Inc., Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18],[20],[21] | 7.13% | ||||
Interest rate | [20],[21] | 12.48% | ||||
Principal | [20],[21] | $ 499 | ||||
Amortized cost | [20],[21] | 0 | ||||
Investments, at fair value | [4],[20],[21] | $ 0 | ||||
% of net assets | [6],[20],[21] | 0% | ||||
Investment, Identifier [Axis]: Calabrio, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.13% | [18],[20] | 7% | [1],[19] | ||
Interest rate | 12.48% | [20] | 11.75% | [1] | ||
Principal | $ 409 | [20] | $ 409 | [1] | ||
Amortized cost | 234 | [20] | 234 | [1] | ||
Investments, at fair value | $ 234 | [4],[20] | $ 233 | [1],[5] | ||
% of net assets | 0.10% | [6],[20] | 0.10% | [1],[7] | ||
Investment, Identifier [Axis]: California Pizza Kitchen, Inc., Equity Securities, Common units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 5,468 | |||||
Investments, at fair value | [5] | $ 1,266 | ||||
% of net assets | [7] | 0.60% | ||||
Investment, Identifier [Axis]: Caravel Autism Health, LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 8.75% | ||||
Interest rate paid in cash | 8.97% | |||||
Interest rate paid in kind | 3% | |||||
Principal | $ 5,016 | |||||
Amortized cost | 4,935 | |||||
Investments, at fair value | [5] | $ 4,630 | ||||
% of net assets | [7] | 2.10% | ||||
Investment, Identifier [Axis]: Caravel Autism Health, LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 5.76% | ||||
Interest rate | 11.16% | |||||
Principal | $ 5,012 | |||||
Amortized cost | 4,946 | |||||
Investments, at fair value | [4] | $ 4,969 | ||||
% of net assets | [6] | 2.40% | ||||
Investment, Identifier [Axis]: Caravel Autism Health, LLC, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 5.76% | ||||
Interest rate | 11.16% | |||||
Principal | $ 1,392 | |||||
Amortized cost | 1,392 | |||||
Investments, at fair value | [4] | $ 1,380 | ||||
% of net assets | [6] | 0.70% | ||||
Investment, Identifier [Axis]: Caravel Autism Health, LLC, Senior Secured Loans Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[19],[22] | 8.75% | ||||
Interest rate paid in cash | [1],[22] | 8.97% | ||||
Interest rate paid in kind | [1],[22] | 3% | ||||
Principal | [1],[22] | $ 3,750 | ||||
Amortized cost | [1],[22] | 188 | ||||
Investments, at fair value | [1],[5],[22] | $ 173 | ||||
% of net assets | [1],[7],[22] | 0.10% | ||||
Investment, Identifier [Axis]: Caravel Autism Health, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.76% | [18],[20] | 8.75% | [1],[19] | ||
Interest rate | [20] | 11.16% | ||||
Interest rate paid in cash | [1] | 8.97% | ||||
Interest rate paid in kind | [1] | 3% | ||||
Principal | $ 1,269 | [20] | $ 1,260 | [1] | ||
Amortized cost | 244 | [20] | 1,135 | [1] | ||
Investments, at fair value | $ 244 | [4],[20] | $ 1,048 | [1],[5] | ||
% of net assets | 0.10% | [6],[20] | 0.50% | [1],[7] | ||
Investment, Identifier [Axis]: Cassavant Holdings, LLC, Unitranche Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.61% | [18] | 6.50% | [19] | ||
Interest rate | 12.96% | 10.62% | ||||
Principal | $ 7,876 | $ 7,580 | ||||
Amortized cost | 7,784 | 7,461 | ||||
Investments, at fair value | $ 7,876 | [4] | $ 7,436 | [5] | ||
% of net assets | 3.90% | [6] | 3.30% | [7] | ||
Investment, Identifier [Axis]: Centaur (Palm Beach) Owner LLC and Panther National Golf Club LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 8.25% | [18],[20] | 8.25% | [19] | ||
Interest rate | 13.60% | [20] | 12.43% | |||
Principal | $ 2,784 | [20] | $ 3,300 | |||
Amortized cost | 2,755 | [20] | 3,245 | |||
Investments, at fair value | $ 2,812 | [4],[20] | $ 3,296 | [5] | ||
% of net assets | 1.40% | [6],[20] | 1.50% | [7] | ||
Investment, Identifier [Axis]: Centaur (Palm Beach) Owner LLC and Panther National Golf Club LLC, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 8.25% | [18],[23] | 8.25% | [19] | ||
Interest rate | 13.60% | [23] | 12.43% | |||
Principal | $ 285 | [23] | $ 337 | |||
Amortized cost | 285 | [23] | 337 | |||
Investments, at fair value | $ 287 | [4],[23] | $ 337 | [5] | ||
% of net assets | 0.10% | [6],[23] | 0.10% | [7] | ||
Investment, Identifier [Axis]: Centaur (Palm Beach) Owner LLC and Panther National Golf Club LLC, Senior Secured Loans, (Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[19],[26] | 8.25% | ||||
Interest rate | [1],[26] | 12.43% | ||||
Principal | [1],[26] | $ 1,653 | ||||
Amortized cost | [1],[26] | 720 | ||||
Investments, at fair value | [1],[5],[26] | $ 719 | ||||
% of net assets | [1],[7],[26] | 0.30% | ||||
Investment, Identifier [Axis]: Centaur (Palm Beach) Owner LLC and Panther National Golf Club LLC, Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18],[20],[21],[23] | 8.25% | ||||
Interest rate | [20],[21],[23] | 13.61% | ||||
Principal | [20],[21],[23] | $ 837 | ||||
Amortized cost | [20],[21],[23] | 317 | ||||
Investments, at fair value | [4],[20],[21],[23] | $ 322 | ||||
% of net assets | [6],[20],[21],[23] | 0.10% | ||||
Investment, Identifier [Axis]: Centaur (Palm Beach) Owner LLC and Panther National Golf Club LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18],[20],[23] | 8.25% | ||||
Interest rate | [20],[23] | 13.60% | ||||
Principal | [20],[23] | $ 1,395 | ||||
Amortized cost | [20],[23] | 546 | ||||
Investments, at fair value | [4],[20],[23] | $ 546 | ||||
% of net assets | [6],[20],[23] | 0.30% | ||||
Investment, Identifier [Axis]: Chess.com, LLC, Equity Securities, Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 87 | [28] | $ 87 | [29] | ||
Investments, at fair value | $ 75 | [4],[28] | $ 50 | [5],[29] | ||
% of net assets | 0% | [6],[28] | 0% | [7],[29] | ||
Investment, Identifier [Axis]: Chess.com, LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.60% | [18] | 6.50% | [19] | ||
Interest rate | 11.95% | 11.23% | ||||
Principal | $ 5,895 | $ 5,955 | ||||
Amortized cost | 5,809 | 5,852 | ||||
Investments, at fair value | $ 5,873 | [4] | $ 5,866 | [5] | ||
% of net assets | 2.90% | [6] | 2.60% | [7] | ||
Investment, Identifier [Axis]: Chess.com, LLC, Senior Secured Loans Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18],[20] | 6.60% | ||||
Interest rate | [20] | 11.95% | ||||
Principal | [20] | $ 652 | ||||
Amortized cost | [20] | 0 | ||||
Investments, at fair value | [4],[20] | $ 0 | ||||
% of net assets | [6],[20] | 0% | ||||
Investment, Identifier [Axis]: Chess.com, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[19] | 6.50% | ||||
Interest rate | [1] | 11.23% | ||||
Principal | [1] | $ 652 | ||||
Amortized cost | [1] | 0 | ||||
Investments, at fair value | [1],[5] | $ 0 | ||||
% of net assets | [1],[7] | 0% | ||||
Investment, Identifier [Axis]: Crownpeak Technology, Inc. , Senior Secured Loans1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 7.35% | ||||
Interest rate | 12.69% | |||||
Principal | $ 4,000 | |||||
Amortized cost | 3,998 | |||||
Investments, at fair value | [4] | $ 4,000 | ||||
% of net assets | [6] | 2% | ||||
Investment, Identifier [Axis]: Crownpeak Technology, Inc. , Senior Secured Loans3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 7.25% | ||||
Interest rate | 11.47% | |||||
Principal | $ 60 | |||||
Amortized cost | 60 | |||||
Investments, at fair value | [5] | $ 60 | ||||
% of net assets | [7] | 0% | ||||
Investment, Identifier [Axis]: Crownpeak Technology, Inc. , Senior Secured Loans4 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 7.25% | ||||
Interest rate | 11.41% | |||||
Principal | $ 3,333 | |||||
Amortized cost | 3,333 | |||||
Investments, at fair value | [5] | $ 3,333 | ||||
% of net assets | [7] | 1.50% | ||||
Investment, Identifier [Axis]: Crownpeak Technology, Inc., Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 7.25% | ||||
Interest rate | 11.47% | |||||
Principal | $ 4,000 | |||||
Amortized cost | 3,979 | |||||
Investments, at fair value | [5] | $ 4,000 | ||||
% of net assets | [7] | 1.80% | ||||
Investment, Identifier [Axis]: Crownpeak Technology, Inc., Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.50% | [18] | 7.25% | [19] | ||
Interest rate | 12.97% | 11.47% | ||||
Principal | $ 1,273 | $ 1,273 | ||||
Amortized cost | 1,260 | 1,252 | ||||
Investments, at fair value | $ 1,274 | [4] | $ 1,273 | [5] | ||
% of net assets | 0.60% | [6] | 0.60% | [7] | ||
Investment, Identifier [Axis]: Crownpeak Technology, Inc., Senior Secured Loans 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 7.35% | ||||
Interest rate | 12.69% | |||||
Principal | $ 60 | |||||
Amortized cost | 60 | |||||
Investments, at fair value | [4] | $ 60 | ||||
% of net assets | [6] | 0% | ||||
Investment, Identifier [Axis]: Crownpeak Technology, Inc., Senior Secured Loans 4 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 7.35% | ||||
Interest rate | 12.69% | |||||
Principal | $ 3,333 | |||||
Amortized cost | 3,333 | |||||
Investments, at fair value | [4] | $ 3,334 | ||||
% of net assets | [6] | 1.60% | ||||
Investment, Identifier [Axis]: Crownpeak Technology, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.35% | [18],[20] | 7.25% | [1],[19] | ||
Interest rate | 12.69% | [20] | 11.47% | [1] | ||
Principal | $ 500 | [20] | $ 500 | [1] | ||
Amortized cost | 67 | [20] | 0 | [1] | ||
Investments, at fair value | $ 67 | [4],[20] | $ 0 | [1],[5] | ||
% of net assets | 0% | [6],[20] | 0% | [1],[7] | ||
Investment, Identifier [Axis]: Destination Media, Inc., Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.25% | [18] | 5.50% | [19] | ||
Interest rate | 12.43% | 9.94% | ||||
Principal | $ 995 | $ 377 | ||||
Amortized cost | 963 | 377 | ||||
Investments, at fair value | $ 1,010 | [4] | $ 377 | [5] | ||
% of net assets | 0.50% | [6] | 0.20% | [7] | ||
Investment, Identifier [Axis]: Destination Media, Inc., Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18],[20],[21] | 7% | ||||
Interest rate | [20],[21] | 12.35% | ||||
Principal | [20],[21] | $ 500 | ||||
Amortized cost | [20],[21] | 61 | ||||
Investments, at fair value | [4],[20],[21] | $ 62 | ||||
% of net assets | [6],[20],[21] | 0% | ||||
Investment, Identifier [Axis]: Destination Media, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7% | [18],[20] | 5.50% | [1],[19] | ||
Interest rate | 12.35% | [20] | 9.94% | [1] | ||
Principal | $ 103 | [20] | $ 542 | [1] | ||
Amortized cost | 21 | [20] | 0 | [1] | ||
Investments, at fair value | $ 21 | [4],[20] | $ 0 | [1],[5] | ||
% of net assets | 0% | [6],[20] | 0% | [1],[7] | ||
Investment, Identifier [Axis]: Dorado Acquisition, Inc., , Equity Securities, Class A-1 units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 207 | |||||
Investments, at fair value | [5] | $ 215 | ||||
% of net assets | [7] | 0.10% | ||||
Investment, Identifier [Axis]: Dorado Acquisition, Inc., , Equity Securities, Class A-2 units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 0 | |||||
Investments, at fair value | [5] | $ 224 | ||||
% of net assets | [7] | 0.10% | ||||
Investment, Identifier [Axis]: Dorado Acquisition, Inc., Equity Securities, Class A-1 units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 207 | |||||
Investments, at fair value | [4] | $ 209 | ||||
% of net assets | [6] | 0.10% | ||||
Investment, Identifier [Axis]: Dorado Acquisition, Inc., Equity Securities, Class A-2 units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 0 | |||||
Investments, at fair value | [4] | $ 32 | ||||
% of net assets | [6] | 0% | ||||
Investment, Identifier [Axis]: Dorado Acquisition, Inc., Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.85% | [18] | 6.50% | [19] | ||
Interest rate | 12.19% | 10.72% | ||||
Principal | $ 4,888 | $ 4,938 | ||||
Amortized cost | 4,831 | 4,862 | ||||
Investments, at fair value | $ 4,743 | [4] | $ 4,928 | [5] | ||
% of net assets | 2.30% | [6] | 2.20% | [7] | ||
Investment, Identifier [Axis]: Dorado Acquisition, Inc., Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.90% | [18] | 6.76% | [19] | ||
Interest rate | 12.29% | 11.34% | ||||
Principal | $ 4,051 | $ 4,082 | ||||
Amortized cost | 3,975 | 3,980 | ||||
Investments, at fair value | $ 3,932 | [4] | $ 4,074 | [5] | ||
% of net assets | 1.90% | [6] | 1.80% | [7] | ||
Investment, Identifier [Axis]: Dorado Acquisition, Inc., Senior Secured Loans Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[19],[22] | 6.50% | ||||
Interest rate | [1],[22] | 10.72% | ||||
Principal | [1],[22] | $ 216 | ||||
Amortized cost | [1],[22] | 0 | ||||
Investments, at fair value | [1],[5],[22] | $ 0 | ||||
% of net assets | [1],[7],[22] | 0% | ||||
Investment, Identifier [Axis]: Dorado Acquisition, Inc., Senior Secured Loans Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 6.50% | ||||
Interest rate | 10.92% | |||||
Principal | $ 596 | |||||
Amortized cost | 596 | |||||
Investments, at fair value | [5] | $ 596 | ||||
% of net assets | [7] | 0.30% | ||||
Investment, Identifier [Axis]: Dorado Acquisition, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18],[20] | 6.85% | ||||
Interest rate | [20] | 12.19% | ||||
Principal | [20] | $ 596 | ||||
Amortized cost | [20] | 0 | ||||
Investments, at fair value | [4],[20] | $ 0 | ||||
% of net assets | [6],[20] | 0% | ||||
Investment, Identifier [Axis]: Drawbridge Partners, LLC, Equity Securities, Class A-1 units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 130 | $ 130 | ||||
Investments, at fair value | $ 147 | [4] | $ 126 | [5] | ||
% of net assets | 0.10% | [6] | 0.10% | [7] | ||
Investment, Identifier [Axis]: Drawbridge Partners, LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.75% | [18] | 7% | [19] | ||
Interest rate | 12.10% | |||||
Interest rate paid in kind | 11.56% | |||||
Principal | $ 3,000 | $ 3,000 | ||||
Amortized cost | 2,950 | 2,943 | ||||
Investments, at fair value | $ 3,001 | [4] | $ 2,971 | [5] | ||
% of net assets | 1.50% | [6] | 1.30% | [7] | ||
Investment, Identifier [Axis]: Drawbridge Partners, LLC, Senior Secured Loans Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18],[20] | 6.75% | ||||
Interest rate | [20] | 12.10% | ||||
Principal | [20] | $ 522 | ||||
Amortized cost | [20] | 0 | ||||
Investments, at fair value | [4],[20] | $ 0 | ||||
% of net assets | [6],[20] | 0% | ||||
Investment, Identifier [Axis]: Drawbridge Partners, LLC, Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.75% | [18],[20],[21] | 7% | [1],[19],[22] | ||
Interest rate | [20],[21] | 12.10% | ||||
Interest rate paid in kind | [1],[22] | 11.56% | ||||
Principal | $ 874 | [20],[21] | $ 330 | [1],[22] | ||
Amortized cost | 496 | [20],[21] | 103 | [1],[22] | ||
Investments, at fair value | $ 496 | [4],[20],[21] | $ 102 | [1],[5],[22] | ||
% of net assets | 0.20% | [6],[20],[21] | 0% | [1],[7],[22] | ||
Investment, Identifier [Axis]: Drawbridge Partners, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[19] | 7% | ||||
Interest rate | [1] | 11.56% | ||||
Principal | [1] | $ 522 | ||||
Amortized cost | [1] | 0 | ||||
Investments, at fair value | [1],[5] | $ 0 | ||||
% of net assets | [1],[7] | 0% | ||||
Investment, Identifier [Axis]: Education Corporation of America - Series G Preferred Stock | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | [27] | 12% | ||||
Amortized cost | $ 7,492 | |||||
Investments, at fair value | [4] | $ 0 | ||||
% of net assets | [6] | 0% | ||||
Investment, Identifier [Axis]: Education Corporation of America, Equity Securities, Series G Preferred Stock | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | [30] | 12% | ||||
Amortized cost | $ 7,492 | |||||
Investments, at fair value | [5] | $ 0 | ||||
% of net assets | [7] | 0% | ||||
Investment, Identifier [Axis]: Education Corporation of America, Junior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 11% | [18] | 11% | [19] | ||
Interest rate paid in cash | 14% | 10.23% | ||||
Interest rate paid in kind | 5.50% | [27] | 5.50% | [30] | ||
Principal | $ 833 | $ 833 | ||||
Amortized cost | 831 | 831 | ||||
Investments, at fair value | $ 2,174 | [4] | $ 1,882 | [5] | ||
% of net assets | 1.10% | [6] | 0.80% | [7] | ||
Investment, Identifier [Axis]: Equine Network, LLC, Equity Securities, Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 111 | [28] | $ 111 | [29] | ||
Investments, at fair value | $ 110 | [4],[28] | $ 109 | [5],[29] | ||
% of net assets | 0.10% | [6],[28] | 0% | [7],[29] | ||
Investment, Identifier [Axis]: Equine Network, LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 6% | ||||
Interest rate | 10.24% | |||||
Principal | $ 1,719 | |||||
Amortized cost | 1,694 | |||||
Investments, at fair value | [5] | $ 1,709 | ||||
% of net assets | [7] | 0.70% | ||||
Investment, Identifier [Axis]: Equine Network, LLC, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 6% | ||||
Interest rate | 10.24% | |||||
Principal | $ 780 | |||||
Amortized cost | 769 | |||||
Investments, at fair value | [5] | $ 775 | ||||
% of net assets | [7] | 0.30% | ||||
Investment, Identifier [Axis]: Equine Network, LLC, Senior Secured Loans Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[19] | 6% | ||||
Interest rate | [1] | 10.30% | ||||
Principal | [1] | $ 171 | ||||
Amortized cost | [1] | 128 | ||||
Investments, at fair value | [1],[5] | $ 127 | ||||
% of net assets | [1],[7] | 0.10% | ||||
Investment, Identifier [Axis]: Equine Network, LLC, Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[19],[22] | 6% | ||||
Interest rate | [1],[22] | 10.24% | ||||
Principal | [1],[22] | $ 427 | ||||
Amortized cost | [1],[22] | 0 | ||||
Investments, at fair value | [1],[5],[22] | $ 0 | ||||
% of net assets | [1],[7],[22] | 0% | ||||
Investment, Identifier [Axis]: Express Wash Acquisition Company, LLC, Class A preferred units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | [28] | 8% | ||||
Amortized cost | [28] | $ 31 | ||||
Investments, at fair value | [4],[28] | $ 32 | ||||
% of net assets | [6],[28] | 0% | ||||
Investment, Identifier [Axis]: Express Wash Acquisition Company, LLC, Equity Securities, Class A common units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | [28] | $ 0 | ||||
Investments, at fair value | [4],[28] | $ 0 | ||||
% of net assets | [6],[28] | 0% | ||||
Investment, Identifier [Axis]: Express Wash Acquisition Company, LLC, Equity Securities, Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | [29] | 8% | ||||
Amortized cost | [29] | $ 125 | ||||
Investments, at fair value | [5],[29] | $ 118 | ||||
% of net assets | [7],[29] | 0.10% | ||||
Investment, Identifier [Axis]: Express Wash Acquisition Company, LLC, Equity Securities, Class B common units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | [28] | 8% | ||||
Amortized cost | [28] | $ 127 | ||||
Investments, at fair value | [4],[28] | $ 26 | ||||
% of net assets | [6],[28] | 0% | ||||
Investment, Identifier [Axis]: Express Wash Acquisition Company, LLC, Equity Securities, Class B preferred units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | [28] | $ 0 | ||||
Investments, at fair value | [4],[28] | $ 0 | ||||
% of net assets | [6],[28] | 0% | ||||
Investment, Identifier [Axis]: Express Wash Acquisition Company, LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.76% | [18] | 6.50% | [19] | ||
Interest rate | 12.16% | 10.32% | ||||
Principal | $ 7,067 | $ 8,160 | ||||
Amortized cost | 7,033 | 8,114 | ||||
Investments, at fair value | $ 7,067 | [4] | $ 8,119 | [5] | ||
% of net assets | 3.50% | [6] | 3.60% | [7] | ||
Investment, Identifier [Axis]: Express Wash Acquisition Company, LLC, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.76% | [18] | 6.50% | [19] | ||
Interest rate | 12.16% | 10.43% | ||||
Principal | $ 1,513 | $ 1,528 | ||||
Amortized cost | 1,513 | 1,528 | ||||
Investments, at fair value | $ 1,513 | [4] | $ 1,521 | [5] | ||
% of net assets | 0.70% | [6] | 0.70% | [7] | ||
Investment, Identifier [Axis]: Express Wash Acquisition Company, LLC, Senior Secured Loans Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18],[20] | 6.76% | ||||
Interest rate | [20] | 12.16% | ||||
Principal | [20] | $ 379 | ||||
Amortized cost | [20] | 209 | ||||
Investments, at fair value | [4],[20] | $ 209 | ||||
% of net assets | [6],[20] | 0.10% | ||||
Investment, Identifier [Axis]: Express Wash Acquisition Company, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[19] | 6.50% | ||||
Interest rate | [1] | 10.83% | ||||
Principal | [1] | $ 379 | ||||
Amortized cost | [1] | 209 | ||||
Investments, at fair value | [1],[5] | $ 208 | ||||
% of net assets | [1],[7] | 0.10% | ||||
Investment, Identifier [Axis]: Familia Dental Group Holdings, LLC, Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 2,226 | $ 2,625 | 1,919 | |||
Investment, Identifier [Axis]: Familia Dental Group Holdings, LLC, Equity Securities, Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | 4,213 | [28] | 4,030 | [29],[32] | ||
Investments, at fair value | $ 2,226 | [4],[28] | $ 2,625 | [5],[29],[32] | ||
% of net assets | 1.10% | [6],[28] | 1.20% | [7],[29],[32] | ||
Investment, Identifier [Axis]: Florida East Coast Industries, LLC, Junior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | 16% | [23] | 16% | [26] | ||
Principal | $ 879 | [23] | $ 1,778 | [26] | ||
Amortized cost | 874 | [23] | 1,753 | [26] | ||
Investments, at fair value | $ 879 | [4],[23] | $ 1,784 | [5],[26] | ||
% of net assets | 0.40% | [6],[23] | 0.80% | [7],[26] | ||
Investment, Identifier [Axis]: Florida East Coast Industries, LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate | [26] | 10.50% | ||||
Principal | [26] | $ 617 | ||||
Amortized cost | [26] | 606 | ||||
Investments, at fair value | [5],[26] | $ 619 | ||||
% of net assets | [7],[26] | 0.30% | ||||
Investment, Identifier [Axis]: Forman Mills, Inc, Senior Secured Loans. 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 9.50% | ||||
Interest rate paid in cash | 11.94% | |||||
Interest rate paid in kind | 2% | |||||
Principal | $ 6,909 | |||||
Amortized cost | 6,909 | |||||
Investments, at fair value | [5] | $ 6,698 | ||||
% of net assets | [7] | 3% | ||||
Investment, Identifier [Axis]: Forman Mills, Inc., Equity Securities, Warrant | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 0 | |||||
Investments, at fair value | [5] | $ 155 | ||||
% of net assets | [7] | 0.10% | ||||
Investment, Identifier [Axis]: Forman Mills, Inc., Junior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 3.90% | ||||
Interest rate paid in kind | [27] | 3.90% | ||||
Principal | $ 1,308 | |||||
Amortized cost | 1,308 | |||||
Investments, at fair value | [4] | $ 955 | ||||
% of net assets | [6] | 0.50% | ||||
Investment, Identifier [Axis]: Forman Mills, Inc., Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 9.50% | ||||
Interest rate paid in cash | 11.94% | |||||
Interest rate paid in kind | 2% | |||||
Principal | $ 1,275 | |||||
Amortized cost | 1,275 | |||||
Investments, at fair value | [5] | $ 1,253 | ||||
% of net assets | [7] | 0.60% | ||||
Investment, Identifier [Axis]: GC Champion Acquisition LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 6.75% | ||||
Interest rate | 11.15% | |||||
Principal | $ 2,528 | |||||
Amortized cost | 2,480 | |||||
Investments, at fair value | [5] | $ 2,503 | ||||
% of net assets | [7] | 1.10% | ||||
Investment, Identifier [Axis]: GC Champion Acquisition LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 6.25% | ||||
Interest rate | 11.71% | |||||
Principal | $ 2,528 | |||||
Amortized cost | 2,486 | |||||
Investments, at fair value | [4] | $ 2,528 | ||||
% of net assets | [6] | 1.20% | ||||
Investment, Identifier [Axis]: GC Champion Acquisition LLC, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 6.25% | ||||
Interest rate | 11.71% | |||||
Principal | $ 702 | |||||
Amortized cost | 702 | |||||
Investments, at fair value | [4] | $ 702 | ||||
% of net assets | [6] | 0.30% | ||||
Investment, Identifier [Axis]: GC Champion Acquisition LLC, Senior Secured Loans 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 6.50% | ||||
Interest rate | 11.96% | |||||
Principal | $ 2,107 | |||||
Amortized cost | 2,046 | |||||
Investments, at fair value | [4] | $ 2,125 | ||||
% of net assets | [6] | 1% | ||||
Investment, Identifier [Axis]: GC Champion Acquisition LLC, Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[19],[22] | 6.75% | ||||
Interest rate | [1],[22] | 11.15% | ||||
Principal | [1],[22] | $ 704 | ||||
Amortized cost | [1],[22] | 0 | ||||
Investments, at fair value | [1],[5],[22] | $ 0 | ||||
% of net assets | [1],[7],[22] | 0% | ||||
Investment, Identifier [Axis]: HFZ Capital Group LLC 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 17,233 | $ 16,159 | ||||
Investment, Identifier [Axis]: HFZ Capital Group LLC 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 6,191 | $ 5,805 | ||||
Investment, Identifier [Axis]: HFZ Capital Group LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 9.46% | [18],[23],[33] | 12.50% | [19],[26],[34] | ||
Interest rate paid in kind | 17.96% | [23],[33] | 16.62% | [26],[34] | ||
Principal | $ 13,242 | [23],[33] | $ 13,242 | [26],[34] | ||
Amortized cost | 13,242 | [23],[33] | 13,242 | [26],[34] | ||
Investments, at fair value | $ 17,233 | [4],[23],[33] | $ 16,159 | [5],[26],[34] | ||
% of net assets | 8.50% | [6],[23],[33] | 7.20% | [7],[26],[34] | ||
Investment, Identifier [Axis]: HFZ Capital Group LLC, Senior Secured Loans) 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 9.46% | [18],[23],[33] | 12.50% | [19],[26],[34] | ||
Interest rate paid in kind | 17.96% | [23],[33] | 16.62% | [26],[34] | ||
Principal | $ 4,758 | [23],[33] | $ 4,758 | [26],[34] | ||
Amortized cost | 4,758 | [23],[33] | 4,758 | [26],[34] | ||
Investments, at fair value | $ 6,191 | [4],[23],[33] | $ 5,805 | [5],[26],[34] | ||
% of net assets | 3% | [6],[23],[33] | 2.60% | [7],[26],[34] | ||
Investment, Identifier [Axis]: HFZ Capital Group, LLC 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 16,159 | 15,084 | ||||
Investment, Identifier [Axis]: HFZ Capital Group, LLC 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 5,805 | 5,420 | ||||
Investment, Identifier [Axis]: HS4 Acquisitionco, Inc. | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 6.85% | ||||
Interest rate | 12.21% | |||||
Principal | $ 9,799 | |||||
Amortized cost | 9,735 | |||||
Investments, at fair value | [4] | $ 9,769 | ||||
% of net assets | [6] | 4.80% | ||||
Investment, Identifier [Axis]: HS4 Acquisitionco, Inc. (Revolver) | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18],[20] | 6.85% | ||||
Interest rate | [20] | 12.21% | ||||
Principal | [20] | $ 817 | ||||
Amortized cost | [20] | 549 | ||||
Investments, at fair value | [4],[20] | $ 548 | ||||
% of net assets | [6],[20] | 0.30% | ||||
Investment, Identifier [Axis]: HS4 Acquisitionco, Inc., Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 6.75% | ||||
Interest rate | 11.14% | |||||
Principal | $ 9,899 | |||||
Amortized cost | 9,801 | |||||
Investments, at fair value | [5] | $ 9,855 | ||||
% of net assets | [7] | 4.40% | ||||
Investment, Identifier [Axis]: HS4 Acquisitionco, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[19] | 6.75% | ||||
Interest rate | [1] | 11.14% | ||||
Principal | [1] | $ 817 | ||||
Amortized cost | [1] | 409 | ||||
Investments, at fair value | [1],[5] | $ 407 | ||||
% of net assets | [1],[7] | 0.20% | ||||
Investment, Identifier [Axis]: Hastings Manufacturing Company, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 7.25% | ||||
Interest rate | 11.64% | |||||
Principal | $ 2,026 | |||||
Amortized cost | 2,023 | |||||
Investments, at fair value | [5] | $ 2,026 | ||||
% of net assets | [7] | 0.90% | ||||
Investment, Identifier [Axis]: Hastings Manufacturing Company, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 7.60% | ||||
Interest rate | 12.96% | |||||
Principal | $ 1,850 | |||||
Amortized cost | 1,850 | |||||
Investments, at fair value | [4] | $ 1,850 | ||||
% of net assets | [6] | 0.90% | ||||
Investment, Identifier [Axis]: Hastings Manufacturing Company, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 7.60% | ||||
Interest rate | 12.96% | |||||
Principal | $ 664 | |||||
Amortized cost | 664 | |||||
Investments, at fair value | [4] | $ 664 | ||||
% of net assets | [6] | 0.30% | ||||
Investment, Identifier [Axis]: Hastings Manufacturing Company, Senior Secured Loans 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 7.60% | ||||
Interest rate | 12.96% | |||||
Principal | $ 2,039 | |||||
Amortized cost | 2,019 | |||||
Investments, at fair value | [4] | $ 2,080 | ||||
% of net assets | [6] | 1% | ||||
Investment, Identifier [Axis]: Hastings Manufacturing Company, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18],[20] | 7.60% | ||||
Interest rate | [20] | 12.96% | ||||
Principal | [20] | $ 691 | ||||
Amortized cost | [20] | 0 | ||||
Investments, at fair value | [4],[20] | $ 0 | ||||
% of net assets | [6],[20] | 0% | ||||
Investment, Identifier [Axis]: IDIG Parent, LLC, Equity Securities, Common stock | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 250 | [28],[35] | $ 248 | [29],[36] | ||
Investments, at fair value | $ 306 | [4],[28],[35] | $ 324 | [5],[29],[36] | ||
% of net assets | 0.20% | [6],[28],[35] | 0.10% | [7],[29],[36] | ||
Investment, Identifier [Axis]: INH Buyer, Inc., Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7% | [18] | 7% | [19] | ||
Interest rate paid in cash | 8.95% | 8.08% | ||||
Interest rate paid in kind | 3.50% | 3.50% | ||||
Principal | $ 3,026 | $ 2,950 | ||||
Amortized cost | 3,005 | 2,925 | ||||
Investments, at fair value | $ 2,936 | [4] | $ 2,832 | [5] | ||
% of net assets | 1.40% | [6] | 1.30% | [7] | ||
Investment, Identifier [Axis]: InMobi Pte, Ltd, Equity Securities, Warrant | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | [23],[37] | $ 0 | ||||
Investments, at fair value | [4],[23],[37] | $ 1,695 | ||||
% of net assets | [6],[23],[37] | 0.80% | ||||
Investment, Identifier [Axis]: InMobi Pte, Ltd., Equity Securities, Warrant | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | [26],[38] | $ 0 | ||||
Investments, at fair value | [5],[26],[38] | $ 1,816 | ||||
% of net assets | [7],[26],[38] | 0.80% | ||||
Investment, Identifier [Axis]: Independence Buyer, Inc., Equity Securities, Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 81 | $ 81 | ||||
Investments, at fair value | $ 56 | [4] | $ 102 | [5] | ||
% of net assets | 0% | [6] | 0% | [7] | ||
Investment, Identifier [Axis]: Independence Buyer, Inc., Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.90% | [18] | 5.50% | [19] | ||
Interest rate | 11.28% | 9.74% | ||||
Principal | $ 5,499 | $ 5,940 | ||||
Amortized cost | 5,436 | 5,849 | ||||
Investments, at fair value | $ 5,410 | [4] | $ 5,866 | [5] | ||
% of net assets | 2.60% | [6] | 2.60% | [7] | ||
Investment, Identifier [Axis]: Independence Buyer, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.90% | [18],[20] | 5.50% | [1],[19] | ||
Interest rate | 11.28% | [20] | 9.74% | [1] | ||
Principal | $ 1,423 | [20] | $ 1,423 | [1] | ||
Amortized cost | 0 | [20] | 0 | [1] | ||
Investments, at fair value | $ 0 | [4],[20] | $ 0 | [1],[5] | ||
% of net assets | 0% | [6],[20] | 0% | [1],[7] | ||
Investment, Identifier [Axis]: J2 BWA Funding LLC, , Equity Securities, Profit sharing | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | [26],[29] | $ 0 | ||||
Investments, at fair value | [5],[26],[29] | $ 0 | ||||
% of net assets | [7],[26],[29] | 0% | ||||
Investment, Identifier [Axis]: J2 BWA Funding LLC, Equity Securities, Profit sharing | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | [23],[28] | $ 0 | ||||
Investments, at fair value | [4],[23],[28] | $ 40 | ||||
% of net assets | [6],[23],[28] | 0% | ||||
Investment, Identifier [Axis]: J2 BWA Funding LLC, Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate | [1],[22],[26] | 9% | ||||
Principal | [1],[22],[26] | $ 2,750 | ||||
Amortized cost | [1],[22],[26] | 1,303 | ||||
Investments, at fair value | [1],[5],[22],[26] | $ 1,298 | ||||
% of net assets | [1],[7],[22],[26] | 0.60% | ||||
Investment, Identifier [Axis]: J2 BWA Funding LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate | [20],[23] | 10% | ||||
Principal | [20],[23] | $ 2,750 | ||||
Amortized cost | [20],[23] | 1,578 | ||||
Investments, at fair value | [4],[20],[23] | $ 1,578 | ||||
% of net assets | [6],[20],[23] | 0.80% | ||||
Investment, Identifier [Axis]: KL Moon Acquisition, LLC (fka Spectrum Science Communications, LLC), Equity Securities | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 491 | |||||
Investments, at fair value | [4] | $ 422 | ||||
% of net assets | [6] | 0.20% | ||||
Investment, Identifier [Axis]: KL Moon Acquisition, LLC (fka Spectrum Science Communications, LLC), Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 6.75% | ||||
Interest rate | 12.13% | |||||
Principal | $ 4,975 | |||||
Amortized cost | 4,843 | |||||
Investments, at fair value | [4] | $ 4,975 | ||||
% of net assets | [6] | 2.40% | ||||
Investment, Identifier [Axis]: KL Moon Acquisition, LLC (fka Spectrum Science Communications, LLC), Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18],[20],[21] | 6.75% | ||||
Interest rate | [20],[21] | 12.14% | ||||
Principal | [20],[21] | $ 1,702 | ||||
Amortized cost | [20],[21] | 989 | ||||
Investments, at fair value | [4],[20],[21] | $ 989 | ||||
% of net assets | [6],[20],[21] | 0.50% | ||||
Investment, Identifier [Axis]: KL Moon Acquisition, LLC (fka Spectrum Science Communications, LLC), Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18],[20] | 6.75% | ||||
Interest rate | [20] | 12.13% | ||||
Principal | [20] | $ 813 | ||||
Amortized cost | [20] | 352 | ||||
Investments, at fair value | [4],[20] | $ 352 | ||||
% of net assets | [6],[20] | 0.20% | ||||
Investment, Identifier [Axis]: Kar Wash Holdings, LLC 1, Equity Securities, Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 103 | |||||
Investments, at fair value | [4] | $ 75 | ||||
% of net assets | [6] | 0% | ||||
Investment, Identifier [Axis]: Kar Wash Holdings, LLC, Equity Securities, Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 103 | |||||
Investments, at fair value | [5] | $ 111 | ||||
% of net assets | [7] | 0% | ||||
Investment, Identifier [Axis]: Kar Wash Holdings, LLC, Equity Securities, Series A Preferred Stock | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 11 | |||||
Investments, at fair value | [4] | $ 11 | ||||
% of net assets | [6] | 0% | ||||
Investment, Identifier [Axis]: Kar Wash Holdings, LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.76% | [18] | 6% | [19] | ||
Interest rate | 12.16% | 9.82% | ||||
Principal | $ 1,576 | $ 1,592 | ||||
Amortized cost | 1,554 | 1,565 | ||||
Investments, at fair value | $ 1,576 | [4] | $ 1,585 | [5] | ||
% of net assets | 0.80% | [6] | 0.70% | [7] | ||
Investment, Identifier [Axis]: Kar Wash Holdings, LLC, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.76% | [18] | 6% | [19] | ||
Interest rate | 12.16% | 10.35% | ||||
Principal | $ 1,129 | $ 1,140 | ||||
Amortized cost | 1,129 | 1,140 | ||||
Investments, at fair value | $ 1,129 | [4] | $ 1,135 | [5] | ||
% of net assets | 0.60% | [6] | 0.50% | [7] | ||
Investment, Identifier [Axis]: Kar Wash Holdings, LLC, Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.76% | [18],[20],[21] | 6% | [1],[19],[22] | ||
Interest rate | 12.16% | [20],[21] | 10.77% | [1],[22] | ||
Principal | $ 2,649 | [20],[21] | $ 2,667 | [1],[22] | ||
Amortized cost | 2,230 | [20],[21] | 1,790 | [1],[22] | ||
Investments, at fair value | $ 2,230 | [4],[20],[21] | $ 1,782 | [1],[5],[22] | ||
% of net assets | 1.10% | [6],[20],[21] | 0.80% | [1],[7],[22] | ||
Investment, Identifier [Axis]: Kar Wash Holdings, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.76% | [18],[20] | 6% | [1],[19] | ||
Interest rate | 12.16% | [20] | 10.77% | [1] | ||
Principal | $ 571 | [20] | $ 572 | [1] | ||
Amortized cost | 0 | [20] | 305 | [1] | ||
Investments, at fair value | $ 0 | [4],[20] | $ 303 | [1],[5] | ||
% of net assets | 0% | [6],[20] | 0.10% | [1],[7] | ||
Investment, Identifier [Axis]: Kingsley Gate Partners, LLC (Delayed Draw) | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18],[20],[21] | 6.65% | ||||
Interest rate | [20],[21] | 12.04% | ||||
Principal | [20],[21] | $ 600 | ||||
Amortized cost | [20],[21] | 132 | ||||
Investments, at fair value | [4],[20],[21] | $ 130 | ||||
% of net assets | [6],[20],[21] | 0.10% | ||||
Investment, Identifier [Axis]: Kingsley Gate Partners, LLC (Revolver) | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18],[20] | 6.65% | ||||
Interest rate | [20] | 12.04% | ||||
Principal | [20] | $ 240 | ||||
Amortized cost | [20] | 0 | ||||
Investments, at fair value | [4],[20] | $ 0 | ||||
% of net assets | [6],[20] | 0% | ||||
Investment, Identifier [Axis]: Kingsley Gate Partners, LLC 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 6.65% | ||||
Interest rate | 12.04% | |||||
Principal | $ 596 | |||||
Amortized cost | 585 | |||||
Investments, at fair value | [4] | $ 588 | ||||
% of net assets | [6] | 0.30% | ||||
Investment, Identifier [Axis]: Kingsley Gate Partners, LLC 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 6.65% | ||||
Interest rate | 12.04% | |||||
Principal | $ 191 | |||||
Amortized cost | 191 | |||||
Investments, at fair value | [4] | $ 189 | ||||
% of net assets | [6] | 0.10% | ||||
Investment, Identifier [Axis]: Kingsley Gate Partners, LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 6.65% | ||||
Interest rate | 11.12% | |||||
Principal | $ 600 | |||||
Amortized cost | 588 | |||||
Investments, at fair value | [5] | $ 588 | ||||
% of net assets | [7] | 0.30% | ||||
Investment, Identifier [Axis]: Kingsley Gate Partners, LLC, Senior Secured Loans, Delayed Draw 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[19],[22] | 6.65% | ||||
Interest rate | [1],[22] | 11.12% | ||||
Principal | [1],[22] | $ 720 | ||||
Amortized cost | [1],[22] | 0 | ||||
Investments, at fair value | [1],[5],[22] | $ 0 | ||||
% of net assets | [1],[7],[22] | 0% | ||||
Investment, Identifier [Axis]: Kingsley Gate Partners, LLC, Senior Secured Loans, Delayed Draw 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[19],[22] | 6.65% | ||||
Interest rate | [1],[22] | 11.12% | ||||
Principal | [1],[22] | $ 600 | ||||
Amortized cost | [1],[22] | 0 | ||||
Investments, at fair value | [1],[5],[22] | $ 0 | ||||
% of net assets | [1],[7],[22] | 0% | ||||
Investment, Identifier [Axis]: Kingsley Gate Partners, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[19] | 6.65% | ||||
Interest rate | [1] | 11.12% | ||||
Principal | [1] | $ 240 | ||||
Amortized cost | [1] | 0 | ||||
Investments, at fair value | [1],[5] | $ 0 | ||||
% of net assets | [1],[7] | 0% | ||||
Investment, Identifier [Axis]: LVF Holdings, Inc., Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.90% | [18] | 6.25% | [19] | ||
Interest rate | 11.25% | 8.45% | ||||
Principal | $ 1,466 | $ 1,481 | ||||
Amortized cost | 1,447 | 1,458 | ||||
Investments, at fair value | $ 1,466 | [4] | $ 1,437 | [5] | ||
% of net assets | 0.70% | [6] | 0.60% | [7] | ||
Investment, Identifier [Axis]: LVF Holdings, Inc., Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.90% | [18] | 6.25% | [19] | ||
Interest rate | 11.25% | 8.45% | ||||
Principal | $ 1,403 | $ 1,418 | ||||
Amortized cost | 1,403 | 1,418 | ||||
Investments, at fair value | $ 1,403 | [4] | $ 1,375 | [5] | ||
% of net assets | 0.70% | [6] | 0.60% | [7] | ||
Investment, Identifier [Axis]: LVF Holdings, Inc., Senior Secured Loans Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[19] | 6.25% | ||||
Interest rate | [1] | 10.98% | ||||
Principal | [1] | $ 238 | ||||
Amortized cost | [1] | 157 | ||||
Investments, at fair value | [1],[5] | $ 152 | ||||
% of net assets | [1],[7] | 0.10% | ||||
Investment, Identifier [Axis]: LVF Holdings, Inc., Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[19],[22] | 6.25% | ||||
Interest rate | [1],[22] | 8.45% | ||||
Principal | [1],[22] | $ 344 | ||||
Amortized cost | [1],[22] | 0 | ||||
Investments, at fair value | [1],[5],[22] | $ 0 | ||||
% of net assets | [1],[7],[22] | 0% | ||||
Investment, Identifier [Axis]: LVF Holdings, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18],[20] | 5.90% | ||||
Interest rate | [20] | 11.25% | ||||
Principal | [20] | $ 238 | ||||
Amortized cost | [20] | 0 | ||||
Investments, at fair value | [4],[20] | $ 0 | ||||
% of net assets | [6],[20] | 0% | ||||
Investment, Identifier [Axis]: LX/JT Intermediate Holdings, Inc. | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 6% | ||||
Interest rate | 10.42% | |||||
Principal | $ 5,468 | |||||
Amortized cost | 5,413 | |||||
Investments, at fair value | [5] | $ 5,394 | ||||
% of net assets | [7] | 2.40% | ||||
Investment, Identifier [Axis]: LX/JT Intermediate Holdings, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[19] | 6% | ||||
Interest rate | [1] | 10.42% | ||||
Principal | [1] | $ 833 | ||||
Amortized cost | [1] | 0 | ||||
Investments, at fair value | [1],[5] | $ 0 | ||||
% of net assets | [1],[7] | 0% | ||||
Investment, Identifier [Axis]: Lifted Trucks Holdings, LLC, Equity Securities, Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 111 | [28] | $ 111 | [29] | ||
Investments, at fair value | $ 57 | [4],[28] | $ 78 | [5],[29] | ||
% of net assets | 0% | [6],[28] | 0% | [7],[29] | ||
Investment, Identifier [Axis]: Lifted Trucks Holdings, LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.85% | [18] | 5.75% | [19] | ||
Interest rate | 11.16% | 9.49% | ||||
Principal | $ 6,860 | $ 6,930 | ||||
Amortized cost | 6,770 | 6,816 | ||||
Investments, at fair value | $ 6,682 | [4] | $ 6,840 | [5] | ||
% of net assets | 3.30% | [6] | 3.10% | [7] | ||
Investment, Identifier [Axis]: Lifted Trucks Holdings, LLC, Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[19],[22] | 5.75% | ||||
Interest rate | [1],[22] | 9.49% | ||||
Principal | [1],[22] | $ 1,400 | ||||
Amortized cost | [1],[22] | 0 | ||||
Investments, at fair value | [1],[5],[22] | $ 0 | ||||
% of net assets | [1],[7],[22] | 0% | ||||
Investment, Identifier [Axis]: Lifted Trucks Holdings, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.90% | [18],[20] | 5.75% | [1],[19] | ||
Interest rate | 11.29% | [20] | 9.49% | [1] | ||
Principal | $ 1,667 | [20] | $ 1,667 | [1] | ||
Amortized cost | 556 | [20] | 0 | [1] | ||
Investments, at fair value | $ 541 | [4],[20] | $ 0 | [1],[5] | ||
% of net assets | 0.30% | [6],[20] | 0% | [1],[7] | ||
Investment, Identifier [Axis]: Liftforward SPV II, LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 10.86% | [18],[23] | 10.75% | [19],[26] | ||
Interest rate | [26] | 15.14% | ||||
Interest rate paid in kind | [23] | 16.22% | ||||
Principal | $ 253 | [23] | $ 413 | [26] | ||
Amortized cost | 253 | [23] | 413 | [26] | ||
Investments, at fair value | $ 233 | [4],[23] | $ 403 | [5],[26] | ||
% of net assets | 0.10% | [6],[23] | 0.20% | [7],[26] | ||
Investment, Identifier [Axis]: Luxury Optical Holdings Co., Equity Securities | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | [39] | $ 0 | ||||
Investments, at fair value | [5],[39] | $ 209 | ||||
% of net assets | [7],[39] | 0.10% | ||||
Investment, Identifier [Axis]: M R C C Senior Loan Fund I, L L C, Equity Securities | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 33,122 | $ 35,509 | ||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 8,421 | 7,154 | ||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 10,237 | 8,421 | ||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 3,051 | 1,000 | ||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 1,000 | 850 | ||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC, Equity Interest | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 1,045 | 1,291 | ||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC, Equity Securities | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | 793 | [23],[28],[33] | 793 | [26],[29],[34] | ||
Investments, at fair value | $ 1,045 | [4],[23],[28],[33] | $ 1,291 | [5],[26],[29],[34] | ||
% of net assets | 0.50% | [6],[23],[28],[33] | 0.60% | [7],[26],[29],[34] | ||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC, Equity interest | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 1,291 | 644 | ||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19],[26],[34] | 15% | ||||
Interest rate paid in kind | [26],[34] | 18.74% | ||||
Principal | [26],[34] | $ 8,421 | ||||
Amortized cost | [26],[34] | 8,421 | ||||
Investments, at fair value | [5],[26],[34] | $ 8,421 | ||||
% of net assets | [7],[26],[34] | 3.70% | ||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18],[23],[33] | 15% | ||||
Interest rate paid in kind | [23],[33] | 20.39% | ||||
Principal | [23],[33] | $ 10,237 | ||||
Amortized cost | [23],[33] | 10,237 | ||||
Investments, at fair value | [4],[23],[33] | $ 10,237 | ||||
% of net assets | [6],[23],[33] | 5% | ||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18],[23],[33] | 15% | ||||
Interest rate paid in kind | [23],[33] | 20.39% | ||||
Principal | [23],[33] | $ 3,051 | ||||
Amortized cost | [23],[33] | 3,051 | ||||
Investments, at fair value | [4],[23],[33] | $ 3,051 | ||||
% of net assets | [6],[23],[33] | 1.50% | ||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC, Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[19],[22],[26],[34] | 15% | ||||
Interest rate paid in kind | [1],[22],[26],[34] | 18.74% | ||||
Principal | [1],[22],[26],[34] | $ 1,793 | ||||
Amortized cost | [1],[22],[26],[34] | 1,000 | ||||
Investments, at fair value | [1],[5],[22],[26],[34] | $ 1,000 | ||||
% of net assets | [1],[7],[22],[26],[34] | 0.40% | ||||
Investment, Identifier [Axis]: MCP Shaw Acquisitionco, LLC, Equity Securities, Class A-2 units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | [29] | $ 119 | ||||
Investments, at fair value | [5],[29] | $ 204 | ||||
% of net assets | [7],[29] | 0.10% | ||||
Investment, Identifier [Axis]: MCP Shaw Acquisitionco, LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 6.50% | ||||
Interest rate | 11.06% | |||||
Principal | $ 9,722 | |||||
Amortized cost | 9,615 | |||||
Investments, at fair value | [5] | $ 9,736 | ||||
% of net assets | [7] | 4.40% | ||||
Investment, Identifier [Axis]: MCP Shaw Acquisitionco, LLC, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 6.50% | ||||
Interest rate | 11.06% | |||||
Principal | $ 2,972 | |||||
Amortized cost | 2,926 | |||||
Investments, at fair value | [5] | $ 2,977 | ||||
% of net assets | [7] | 1.30% | ||||
Investment, Identifier [Axis]: MCP Shaw Acquisitionco, LLC, Senior Secured Loans 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 6.50% | ||||
Interest rate | 11.06% | |||||
Principal | $ 978 | |||||
Amortized cost | 978 | |||||
Investments, at fair value | [5] | $ 979 | ||||
% of net assets | [7] | 0.40% | ||||
Investment, Identifier [Axis]: MCP Shaw Acquisitionco, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[19] | 6.50% | ||||
Interest rate | [1] | 11.06% | ||||
Principal | [1] | $ 1,784 | ||||
Amortized cost | [1] | 0 | ||||
Investments, at fair value | [1],[5] | $ 0 | ||||
% of net assets | [1],[7] | 0% | ||||
Investment, Identifier [Axis]: MEI Buyer LLC , Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18],[20],[21] | 6.50% | ||||
Interest rate | [20],[21] | 11.86% | ||||
Principal | [20],[21] | $ 317 | ||||
Amortized cost | [20],[21] | 0 | ||||
Investments, at fair value | [4],[20],[21] | $ 0 | ||||
% of net assets | [6],[20],[21] | 0% | ||||
Investment, Identifier [Axis]: MEI Buyer LLC, Equity Securities, Common stock | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 155 | |||||
Investments, at fair value | [4] | $ 158 | ||||
% of net assets | [6] | 0.10% | ||||
Investment, Identifier [Axis]: MEI Buyer LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 6.50% | ||||
Interest rate | 11.86% | |||||
Principal | $ 1,995 | |||||
Amortized cost | 1,938 | |||||
Investments, at fair value | [4] | $ 2,035 | ||||
% of net assets | [6] | 1% | ||||
Investment, Identifier [Axis]: MEI Buyer LLC, Senior Secured Loans Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18],[20] | 6.50% | ||||
Interest rate | [20] | 11.84% | ||||
Principal | [20] | $ 410 | ||||
Amortized cost | [20] | 7 | ||||
Investments, at fair value | [4],[20] | $ 7 | ||||
% of net assets | [6],[20] | 0% | ||||
Investment, Identifier [Axis]: MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 35,509 | 41,125 | ||||
Investment, Identifier [Axis]: MRCC Senior Loan Fund I, LLC, Equity Securities | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 42,650 | [23] | 42,650 | [26] | ||
Investments, at fair value | $ 33,122 | [4],[23] | $ 35,509 | [5],[26] | ||
% of net assets | 16.30% | [6],[23] | 15.80% | [7],[26] | ||
Investment, Identifier [Axis]: MV Receivables II, LLC, Equity Securities, Common units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 600 | [23],[28] | $ 600 | [26],[29] | ||
Investments, at fair value | $ 0 | [4],[23],[28] | $ 1,154 | [5],[26],[29] | ||
% of net assets | 0% | [6],[23],[28] | 0.50% | [7],[26],[29] | ||
Investment, Identifier [Axis]: MV Receivables II, LLC, Equity Securities, Warrant | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 363 | [23],[28] | $ 363 | [26],[29] | ||
Investments, at fair value | $ 0 | [4],[23],[28] | $ 1,655 | [5],[26],[29] | ||
% of net assets | 0% | [6],[23],[28] | 0.80% | [7],[26],[29] | ||
Investment, Identifier [Axis]: MV Receivables II, LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 9.75% | [18],[23] | 9.75% | [19],[26] | ||
Interest rate | 15.09% | [23] | 13.87% | [26] | ||
Principal | $ 8,100 | [23] | $ 8,115 | [26] | ||
Amortized cost | 7,737 | [23] | 7,752 | [26] | ||
Investments, at fair value | $ 7,695 | [4],[23] | $ 7,968 | [5],[26] | ||
% of net assets | 3.80% | [6],[23] | 3.60% | [7],[26] | ||
Investment, Identifier [Axis]: Mammoth Holdings, LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 6% | ||||
Interest rate | 9.82% | |||||
Principal | $ 1,920 | |||||
Amortized cost | 1,911 | |||||
Investments, at fair value | [5] | $ 1,917 | ||||
% of net assets | [7] | 0.90% | ||||
Investment, Identifier [Axis]: Mammoth Holdings, LLC, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 6% | ||||
Interest rate | 9.82% | |||||
Principal | $ 4,031 | |||||
Amortized cost | 4,031 | |||||
Investments, at fair value | [5] | $ 4,025 | ||||
% of net assets | [7] | 1.80% | ||||
Investment, Identifier [Axis]: Mammoth Holdings, LLC, Senior Secured Loans 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 6% | ||||
Interest rate | 9.82% | |||||
Principal | $ 6,291 | |||||
Amortized cost | 6,291 | |||||
Investments, at fair value | [5] | $ 6,282 | ||||
% of net assets | [7] | 2.80% | ||||
Investment, Identifier [Axis]: Mammoth Holdings, LLC, Senior Secured Loans 4 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 6% | ||||
Interest rate | 9.82% | |||||
Principal | $ 1,633 | |||||
Amortized cost | 1,633 | |||||
Investments, at fair value | [5] | $ 1,630 | ||||
% of net assets | [7] | 0.70% | ||||
Investment, Identifier [Axis]: Mammoth Holdings, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[19] | 6% | ||||
Interest rate | [1] | 9.82% | ||||
Principal | [1] | $ 657 | ||||
Amortized cost | [1] | 0 | ||||
Investments, at fair value | [1],[5] | $ 0 | ||||
% of net assets | [1],[7] | 0% | ||||
Investment, Identifier [Axis]: MarkLogic Corporation, Equity Securities, Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 0 | |||||
Investments, at fair value | [5] | $ 426 | ||||
% of net assets | [7] | 0.20% | ||||
Investment, Identifier [Axis]: MarkLogic Corporation, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 6.50% | ||||
Interest rate | 10.85% | |||||
Principal | $ 3,430 | |||||
Amortized cost | 3,377 | |||||
Investments, at fair value | [5] | $ 3,414 | ||||
% of net assets | [7] | 1.50% | ||||
Investment, Identifier [Axis]: MarkLogic Corporation, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 6.50% | ||||
Interest rate | 10.85% | |||||
Principal | $ 320 | |||||
Amortized cost | 315 | |||||
Investments, at fair value | [5] | $ 318 | ||||
% of net assets | [7] | 0.20% | ||||
Investment, Identifier [Axis]: MarkLogic Corporation, Senior Secured Loans 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 6.50% | ||||
Interest rate | 10.85% | |||||
Principal | $ 2,669 | |||||
Amortized cost | 2,623 | |||||
Investments, at fair value | [5] | $ 2,656 | ||||
% of net assets | [7] | 1.20% | ||||
Investment, Identifier [Axis]: MarkLogic Corporation, Senior Secured Loans 4 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 6.50% | ||||
Interest rate | 10.85% | |||||
Principal | $ 214 | |||||
Amortized cost | 214 | |||||
Investments, at fair value | [5] | $ 213 | ||||
% of net assets | [7] | 0.10% | ||||
Investment, Identifier [Axis]: MarkLogic Corporation, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[19] | 6.50% | ||||
Interest rate | [1] | 10.85% | ||||
Principal | [1] | $ 269 | ||||
Amortized cost | [1] | 0 | ||||
Investments, at fair value | [1],[5] | $ 0 | ||||
% of net assets | [1],[7] | 0% | ||||
Investment, Identifier [Axis]: Medallia, Inc., Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.60% | [18] | 6.50% | [19] | ||
Interest rate paid in cash | 7.95% | |||||
Interest rate paid in kind | 4% | 10.88% | ||||
Principal | $ 2,140 | $ 2,049 | ||||
Amortized cost | 2,107 | 2,011 | ||||
Investments, at fair value | $ 2,141 | [4] | $ 2,041 | [5] | ||
% of net assets | 1.10% | [6] | 0.90% | [7] | ||
Investment, Identifier [Axis]: Mindbody, Inc., Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.15% | [18] | 7% | [19] | ||
Interest rate | 12.53% | 11.73% | ||||
Principal | $ 6,536 | $ 6,536 | ||||
Amortized cost | 6,507 | 6,485 | ||||
Investments, at fair value | $ 6,536 | [4] | $ 6,526 | [5] | ||
% of net assets | 3.20% | [6] | 2.90% | [7] | ||
Investment, Identifier [Axis]: Mindbody, Inc., Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.15% | [18] | 7% | [19] | ||
Interest rate | 12.53% | 11.73% | ||||
Principal | $ 474 | $ 674 | ||||
Amortized cost | 474 | 674 | ||||
Investments, at fair value | $ 474 | [4] | $ 673 | [5] | ||
% of net assets | 0.20% | [6] | 0.30% | [7] | ||
Investment, Identifier [Axis]: Mindbody, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.15% | [18],[20] | 7% | [1],[19] | ||
Interest rate | 12.53% | [20] | 11.73% | [1] | ||
Principal | $ 667 | [20] | $ 667 | [1] | ||
Amortized cost | 0 | [20] | 0 | [1] | ||
Investments, at fair value | $ 0 | [4],[20] | $ 0 | [1],[5] | ||
% of net assets | 0% | [6],[20] | 0% | [1],[7] | ||
Investment, Identifier [Axis]: Mnine Holdings, Inc. | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 55 | $ 0 | ||||
Investment, Identifier [Axis]: Mnine Holdings, Inc. 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 6,187 | 5,492 | ||||
Investment, Identifier [Axis]: Mnine Holdings, Inc. 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 0 | 0 | ||||
Investment, Identifier [Axis]: Mnine Holdings, Inc. Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 5,492 | 5,771 | ||||
Investment, Identifier [Axis]: Mnine Holdings, Inc., Class B units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 0 | 0 | 0 | |||
Investment, Identifier [Axis]: Mnine Holdings, Inc., Equity Securities, Class B units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | 0 | 0 | ||||
Investments, at fair value | $ 0 | [4] | $ 0 | [5] | ||
% of net assets | 0% | [6] | 0% | [7] | ||
Investment, Identifier [Axis]: Mnine Holdings, Inc., Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 658 | $ 214 | 0 | |||
Investment, Identifier [Axis]: Mnine Holdings, Inc., Revolver, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18],[20] | 7.26% | ||||
Interest rate | [20] | 12.61% | ||||
Principal | [20] | $ 747 | ||||
Amortized cost | [20] | 666 | ||||
Investments, at fair value | [4],[20] | $ 658 | ||||
% of net assets | [6],[20] | 0.30% | ||||
Investment, Identifier [Axis]: Mnine Holdings, Inc., Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 8% | ||||
Interest rate paid in cash | 7.84% | |||||
Interest rate paid in kind | 5% | |||||
Principal | $ 5,492 | |||||
Amortized cost | 5,477 | |||||
Investments, at fair value | [5] | $ 5,492 | ||||
% of net assets | [7] | 2.40% | ||||
Investment, Identifier [Axis]: Mnine Holdings, Inc., Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 8.26% | ||||
Interest rate paid in kind | 13.61% | |||||
Principal | $ 6,266 | |||||
Amortized cost | 6,266 | |||||
Investments, at fair value | [4] | $ 6,187 | ||||
% of net assets | [6] | 3% | ||||
Investment, Identifier [Axis]: Mnine Holdings, Inc., Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 8.26% | ||||
Interest rate paid in kind | 13.61% | |||||
Principal | $ 55 | |||||
Amortized cost | 55 | |||||
Investments, at fair value | [4] | $ 55 | ||||
% of net assets | [6] | 0% | ||||
Investment, Identifier [Axis]: Mnine Holdings, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[19] | 8% | ||||
Interest rate paid in cash | [1] | 7.84% | ||||
Interest rate paid in kind | [1] | 5% | ||||
Principal | [1] | $ 533 | ||||
Amortized cost | [1] | 214 | ||||
Investments, at fair value | [1],[5] | $ 214 | ||||
% of net assets | [1],[7] | 0.10% | ||||
Investment, Identifier [Axis]: MoneyLion, Inc., Junior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18],[23] | 9.51% | ||||
Interest rate | [23] | 14.86% | ||||
Principal | [23] | $ 4,875 | ||||
Amortized cost | [23] | 4,841 | ||||
Investments, at fair value | [4],[23] | $ 4,918 | ||||
% of net assets | [6],[23] | 2.40% | ||||
Investment, Identifier [Axis]: MoneyLion, Inc., Junior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19],[26] | 9.25% | ||||
Interest rate | [26] | 14.07% | ||||
Principal | [26] | $ 5,250 | ||||
Amortized cost | [26] | 5,203 | ||||
Investments, at fair value | [5],[26] | $ 5,165 | ||||
% of net assets | [7],[26] | 2.30% | ||||
Investment, Identifier [Axis]: MoneyLion, Inc., Junior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19],[26] | 5.75% | ||||
Interest rate | [26] | 13.25% | ||||
Principal | [26] | $ 1,500 | ||||
Amortized cost | [26] | 1,490 | ||||
Investments, at fair value | [5],[26] | $ 1,498 | ||||
% of net assets | [7],[26] | 0.60% | ||||
Investment, Identifier [Axis]: MoneyLion, Inc., Junior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[19],[22],[26] | 9.25% | ||||
Interest rate | [1],[22],[26] | 14.07% | ||||
Principal | [1],[22],[26] | $ 1,500 | ||||
Amortized cost | [1],[22],[26] | 0 | ||||
Investments, at fair value | [1],[5],[22],[26] | $ 0 | ||||
% of net assets | [1],[7],[22],[26] | 0% | ||||
Investment, Identifier [Axis]: NCBP Property, LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19],[26] | 9.50% | ||||
Interest rate | [26] | 13.62% | ||||
Principal | [26] | $ 1,950 | ||||
Amortized cost | [26] | 1,945 | ||||
Investments, at fair value | [5],[26] | $ 1,955 | ||||
% of net assets | [7],[26] | 0.90% | ||||
Investment, Identifier [Axis]: NECB Collections, LLC, Equity Securities | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 1,458 | [28] | $ 1,458 | [29] | ||
Investments, at fair value | $ 0 | [4],[28] | $ 0 | [5],[29] | ||
% of net assets | 0% | [6],[28] | 0% | [7],[29] | ||
Investment, Identifier [Axis]: NECB Collections, LLC, LLC, Units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 0 | $ 0 | 0 | |||
Investment, Identifier [Axis]: NECB Collections, LLC, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 424 | $ 382 | 632 | |||
Investment, Identifier [Axis]: NECB Collections, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 11% | [18],[20] | 11% | [1],[19] | ||
Interest rate | [20],[27] | 16.94% | ||||
Interest rate paid in kind | [1] | 14.61% | ||||
Principal | $ 1,356 | [20] | $ 1,356 | [1] | ||
Amortized cost | 1,312 | [20] | 1,312 | [1] | ||
Investments, at fair value | $ 424 | [4],[20] | $ 382 | [1],[5] | ||
% of net assets | 0.20% | [6],[20] | 0.20% | [1],[7] | ||
Investment, Identifier [Axis]: NQ PE Project Colosseum Midco Inc., Equity Securities, Common units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 327 | |||||
Investments, at fair value | [5] | $ 327 | ||||
% of net assets | [7] | 0.10% | ||||
Investment, Identifier [Axis]: NQ PE Project Colosseum Midco Inc., Equity Securities, Common units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 327 | |||||
Investments, at fair value | [4] | $ 326 | ||||
% of net assets | [6] | 0.20% | ||||
Investment, Identifier [Axis]: NQ PE Project Colosseum Midco Inc., Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.65% | [18] | 6% | [19] | ||
Interest rate | 11% | 10.59% | ||||
Principal | $ 3,465 | $ 3,500 | ||||
Amortized cost | 3,407 | 3,432 | ||||
Investments, at fair value | $ 3,500 | [4] | $ 3,430 | [5] | ||
% of net assets | 1.70% | [6] | 1.50% | [7] | ||
Investment, Identifier [Axis]: NQ PE Project Colosseum Midco Inc., Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18],[20],[21] | 5.65% | ||||
Interest rate | [20],[21] | 11% | ||||
Principal | [20],[21] | $ 778 | ||||
Amortized cost | [20],[21] | 0 | ||||
Investments, at fair value | [4],[20],[21] | $ 0 | ||||
% of net assets | [6],[20],[21] | 0% | ||||
Investment, Identifier [Axis]: NQ PE Project Colosseum Midco Inc., Senior Secured Loans, Delayed Draw) | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[19],[22] | 6% | ||||
Interest rate | [1],[22] | 10.59% | ||||
Principal | [1],[22] | $ 778 | ||||
Amortized cost | [1],[22] | 0 | ||||
Investments, at fair value | [1],[5],[22] | $ 0 | ||||
% of net assets | [1],[7],[22] | 0% | ||||
Investment, Identifier [Axis]: NQ PE Project Colosseum Midco Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.65% | [18],[20] | 6% | [1],[19] | ||
Interest rate | 11% | [20] | 10.59% | [1] | ||
Principal | $ 438 | [20] | $ 438 | [1] | ||
Amortized cost | 0 | [20] | 0 | [1] | ||
Investments, at fair value | $ 0 | [4],[20] | $ 0 | [1],[5] | ||
% of net assets | 0% | [6],[20] | 0% | [1],[7] | ||
Investment, Identifier [Axis]: NationsBenefits, LLC, Equity Securities, Common units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 153 | [28] | $ 153 | [29] | ||
Investments, at fair value | $ 0 | [4],[28] | $ 66 | [5],[29] | ||
% of net assets | 0% | [6],[28] | 0% | [7],[29] | ||
Investment, Identifier [Axis]: NationsBenefits, LLC, Equity Securities, Series B units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | 500% | [28] | 5% | [29] | ||
Amortized cost | $ 781 | [28] | $ 781 | [29] | ||
Investments, at fair value | $ 706 | [4],[28] | $ 934 | [5],[29] | ||
% of net assets | 0.30% | [6],[28] | 0.40% | [7],[29] | ||
Investment, Identifier [Axis]: NationsBenefits, LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.10% | [18] | 7% | [19] | ||
Interest rate | 12.44% | 11.22% | ||||
Principal | $ 3,920 | $ 3,960 | ||||
Amortized cost | 3,873 | 3,898 | ||||
Investments, at fair value | $ 3,951 | [4] | $ 4,039 | [5] | ||
% of net assets | 1.90% | [6] | 1.80% | [7] | ||
Investment, Identifier [Axis]: NationsBenefits, LLC, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.10% | [18] | 7% | [19] | ||
Interest rate | 12.44% | 11.22% | ||||
Principal | $ 4,672 | $ 4,719 | ||||
Amortized cost | 4,672 | 4,719 | ||||
Investments, at fair value | $ 4,708 | [4] | $ 4,813 | [5] | ||
% of net assets | 2.30% | [6] | 2.10% | [7] | ||
Investment, Identifier [Axis]: NationsBenefits, LLC, Senior Secured Loans 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 7.10% | ||||
Interest rate | 12.44% | |||||
Principal | $ 5,065 | |||||
Amortized cost | 5,065 | |||||
Investments, at fair value | [4] | $ 5,104 | ||||
% of net assets | [6] | 2.50% | ||||
Investment, Identifier [Axis]: NationsBenefits, LLC, Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[19],[22] | 7% | ||||
Interest rate | [1],[22] | 11.22% | ||||
Principal | [1],[22] | $ 5,089 | ||||
Amortized cost | [1],[22] | 942 | ||||
Investments, at fair value | [1],[5],[22] | $ 961 | ||||
% of net assets | [1],[7],[22] | 0.40% | ||||
Investment, Identifier [Axis]: NationsBenefits, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.10% | [18],[20] | 7% | [1],[19] | ||
Interest rate | 12.44% | [20] | 11.42% | [1] | ||
Principal | $ 2,222 | [20] | $ 2,222 | [1] | ||
Amortized cost | 889 | [20] | 889 | [1] | ||
Investments, at fair value | $ 889 | [4],[20] | $ 889 | [1],[5] | ||
% of net assets | 0.50% | [6],[20] | 0.40% | [1],[7] | ||
Investment, Identifier [Axis]: Nearly Natural, Inc. , Senior Secured Loans3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 11.50% | ||||
Interest rate paid in cash | 12.32% | |||||
Interest rate paid in kind | 4% | |||||
Principal | $ 3,115 | |||||
Amortized cost | 3,115 | |||||
Investments, at fair value | [5] | $ 2,787 | ||||
% of net assets | [7] | 1.20% | ||||
Investment, Identifier [Axis]: Nearly Natural, Inc. 2, Equity Securities, Class AA units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 61 | |||||
Investments, at fair value | [4] | $ 28 | ||||
% of net assets | [6] | 0% | ||||
Investment, Identifier [Axis]: Nearly Natural, Inc., Equity Securities Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 153 | |||||
Investments, at fair value | [5] | $ 0 | ||||
% of net assets | [7] | 0% | ||||
Investment, Identifier [Axis]: Nearly Natural, Inc., Equity Securities Class AA units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 61 | |||||
Investments, at fair value | [5] | $ 0 | ||||
% of net assets | [7] | 0% | ||||
Investment, Identifier [Axis]: Nearly Natural, Inc., Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 11.50% | [18] | 11.50% | [19] | ||
Interest rate paid in cash | 12.85% | 12.32% | ||||
Interest rate paid in kind | 4% | 4% | ||||
Principal | $ 6,523 | $ 6,628 | ||||
Amortized cost | 6,523 | 6,628 | ||||
Investments, at fair value | $ 6,270 | [4] | $ 5,931 | [5] | ||
% of net assets | 3.10% | [6] | 2.60% | [7] | ||
Investment, Identifier [Axis]: Nearly Natural, Inc., Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 11.50% | [18] | 11.50% | [19] | ||
Interest rate paid in cash | 12.85% | 12.32% | ||||
Interest rate paid in kind | 4% | 4% | ||||
Principal | $ 1,691 | $ 1,714 | ||||
Amortized cost | 1,691 | 1,714 | ||||
Investments, at fair value | $ 1,625 | [4] | $ 1,534 | [5] | ||
% of net assets | 0.80% | [6] | 0.70% | [7] | ||
Investment, Identifier [Axis]: Nearly Natural, Inc., Senior Secured Loans 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 11.50% | ||||
Interest rate paid in cash | 12.85% | |||||
Interest rate paid in kind | 4% | |||||
Principal | $ 3,076 | |||||
Amortized cost | 3,075 | |||||
Investments, at fair value | [4] | $ 2,957 | ||||
% of net assets | [6] | 1.50% | ||||
Investment, Identifier [Axis]: Nearly Natural, Inc., Senior Secured Loans 4 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 11.50% | [18] | 11.50% | [19] | ||
Interest rate paid in cash | 12.85% | 12.32% | ||||
Interest rate paid in kind | 4% | 4% | ||||
Principal | $ 1,841 | $ 1,868 | ||||
Amortized cost | 1,841 | 1,868 | ||||
Investments, at fair value | $ 1,770 | [4] | $ 1,672 | [5] | ||
% of net assets | 0.90% | [6] | 0.80% | [7] | ||
Investment, Identifier [Axis]: Nearly Natural, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 11.50% | [18] | 11.50% | [19] | ||
Interest rate paid in cash | 12.85% | 12.32% | ||||
Interest rate paid in kind | 4% | 4% | ||||
Principal | $ 2,634 | $ 2,505 | ||||
Amortized cost | 2,634 | 2,505 | ||||
Investments, at fair value | $ 2,532 | [4] | $ 2,241 | [5] | ||
% of net assets | 1.20% | [6] | 1% | [7] | ||
Investment, Identifier [Axis]: Nearly Natural, Inc.1, Equity Securities, Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 153 | |||||
Investments, at fair value | [4] | $ 0 | ||||
% of net assets | [6] | 0% | ||||
Investment, Identifier [Axis]: Newforma, Inc., Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 5.50% | ||||
Interest rate | 10.23% | |||||
Principal | $ 938 | |||||
Amortized cost | 937 | |||||
Investments, at fair value | [5] | $ 938 | ||||
% of net assets | [7] | 0.40% | ||||
Investment, Identifier [Axis]: Newforma, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[19] | 5.50% | ||||
Interest rate | [1] | 10.23% | ||||
Principal | [1] | $ 1,250 | ||||
Amortized cost | [1] | 0 | ||||
Investments, at fair value | [1],[5] | $ 0 | ||||
% of net assets | [1],[7] | 0% | ||||
Investment, Identifier [Axis]: North Haven USHC Acquisition, Inc., Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.60% | [18] | 6.50% | [19] | ||
Interest rate | 11.95% | 11.18% | ||||
Principal | $ 2,425 | $ 2,450 | ||||
Amortized cost | 2,404 | 2,419 | ||||
Investments, at fair value | $ 2,399 | [4] | $ 2,448 | [5] | ||
% of net assets | 1.20% | [6] | 1.10% | [7] | ||
Investment, Identifier [Axis]: North Haven USHC Acquisition, Inc., Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.35% | [18] | 6.25% | [19] | ||
Interest rate | 11.73% | 10.41% | ||||
Principal | $ 2,566 | $ 2,592 | ||||
Amortized cost | 2,542 | 2,556 | ||||
Investments, at fair value | $ 2,528 | [4] | $ 2,575 | [5] | ||
% of net assets | 1.20% | [6] | 1.10% | [7] | ||
Investment, Identifier [Axis]: North Haven USHC Acquisition, Inc., Senior Secured Loans 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.60% | [18] | 6.50% | [19] | ||
Interest rate | 11.95% | 11.18% | ||||
Principal | $ 703 | $ 710 | ||||
Amortized cost | 703 | 710 | ||||
Investments, at fair value | $ 695 | [4] | $ 709 | [5] | ||
% of net assets | 0.30% | [6] | 0.30% | [7] | ||
Investment, Identifier [Axis]: North Haven USHC Acquisition, Inc., Senior Secured Loans 4 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.60% | [18] | 6.50% | [19] | ||
Interest rate | 11.95% | 11.18% | ||||
Principal | $ 1,419 | $ 1,434 | ||||
Amortized cost | 1,419 | 1,434 | ||||
Investments, at fair value | $ 1,404 | [4] | $ 1,433 | [5] | ||
% of net assets | 0.70% | [6] | 0.60% | [7] | ||
Investment, Identifier [Axis]: North Haven USHC Acquisition, Inc., Senior Secured Loans Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[19] | 6.50% | ||||
Interest rate | [1] | 11.13% | ||||
Principal | [1] | $ 416 | ||||
Amortized cost | [1] | 187 | ||||
Investments, at fair value | [1],[5] | $ 187 | ||||
% of net assets | [1],[7] | 0.10% | ||||
Investment, Identifier [Axis]: North Haven USHC Acquisition, Inc., Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.35% | [18],[20],[21] | 6.50% | [1],[19],[22] | ||
Interest rate | 11.76% | [20],[21] | 11.18% | [1],[22] | ||
Principal | $ 1,056 | [20],[21] | $ 1,056 | [1],[22] | ||
Amortized cost | 358 | [20],[21] | 0 | [1],[22] | ||
Investments, at fair value | $ 353 | [4],[20],[21] | $ 0 | [1],[5],[22] | ||
% of net assets | 0.20% | [6],[20],[21] | 0% | [1],[7],[22] | ||
Investment, Identifier [Axis]: North Haven USHC Acquisition, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18],[20] | 6.60% | ||||
Interest rate | [20] | 12% | ||||
Principal | [20] | $ 416 | ||||
Amortized cost | [20] | 104 | ||||
Investments, at fair value | [4],[20] | $ 103 | ||||
% of net assets | [6],[20] | 0.10% | ||||
Investment, Identifier [Axis]: Oceana Australian Fixed Income Trust, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate | [26],[38],[40] | 10.75% | ||||
Principal | [26],[38],[40] | $ 3,084 | ||||
Amortized cost | [26],[38],[40] | 3,400 | ||||
Investments, at fair value | [5],[26],[38],[40] | $ 3,084 | ||||
% of net assets | [7],[26],[38],[40] | 1.40% | ||||
Investment, Identifier [Axis]: Oceana Australian Fixed Income Trust, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate | [26],[38],[40] | 11.50% | ||||
Principal | [26],[38],[40] | $ 7,321 | ||||
Amortized cost | [26],[38],[40] | 8,460 | ||||
Investments, at fair value | [5],[26],[38],[40] | $ 7,321 | ||||
% of net assets | [7],[26],[38],[40] | 3.20% | ||||
Investment, Identifier [Axis]: Onit, Inc., Unitranche Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.50% | [18] | 7.25% | [19] | ||
Interest rate | 12.97% | 12.30% | ||||
Principal | $ 1,680 | $ 1,680 | ||||
Amortized cost | 1,666 | 1,656 | ||||
Investments, at fair value | $ 1,680 | [4] | $ 1,663 | [5] | ||
% of net assets | 0.80% | [6] | 0.70% | [7] | ||
Investment, Identifier [Axis]: PKS Holdings, LLC, Equity Securities, Preferred units 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | 12% | [23] | 12% | [26] | ||
Amortized cost | $ 58 | [23] | $ 58 | [26] | ||
Investments, at fair value | $ 251 | [4],[23] | $ 298 | [5],[26] | ||
% of net assets | 0.10% | [6],[23] | 0.20% | [7],[26] | ||
Investment, Identifier [Axis]: PKS Holdings, LLC, Equity Securities, Preferred units 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | 12% | [23] | 12% | [26] | ||
Amortized cost | $ 9 | [23] | $ 9 | [26] | ||
Investments, at fair value | $ 39 | [4],[23] | $ 46 | [5],[26] | ||
% of net assets | 0% | [6],[23] | 0% | [7],[26] | ||
Investment, Identifier [Axis]: PKS Holdings, LLC, Equity Securities, Preferred units 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | 12% | [23] | 12% | [26] | ||
Amortized cost | $ 1 | [23] | $ 1 | [26] | ||
Investments, at fair value | $ 6 | [4],[23] | $ 7 | [5],[26] | ||
% of net assets | 0% | [6],[23] | 0% | [7],[26] | ||
Investment, Identifier [Axis]: PKS Holdings, LLC, Equity Securities, Preferred units 4 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | 12% | [23] | 12% | [26] | ||
Amortized cost | $ 9 | [23] | $ 9 | [26] | ||
Investments, at fair value | $ 39 | [4],[23] | $ 46 | [5],[26] | ||
% of net assets | 0% | [6],[23] | 0% | [7],[26] | ||
Investment, Identifier [Axis]: Panda Acquisition, LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.35% | [18] | 6.35% | [19] | ||
Interest rate | 11.70% | 10.28% | ||||
Principal | $ 4,388 | $ 4,500 | ||||
Amortized cost | 3,688 | 3,691 | ||||
Investments, at fair value | $ 3,707 | [4] | $ 3,690 | [5] | ||
% of net assets | 1.80% | [6] | 1.60% | [7] | ||
Investment, Identifier [Axis]: Planful, Inc., Equity Securities, Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | 8% | 8% | ||||
Amortized cost | $ 473 | $ 473 | ||||
Investments, at fair value | $ 942 | [4] | $ 563 | [5] | ||
% of net assets | 0.50% | [6] | 0.20% | [7] | ||
Investment, Identifier [Axis]: Planful, Inc., Equity Securities, Class B units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 0 | |||||
Investments, at fair value | [4] | $ 23 | ||||
% of net assets | [6] | 0% | ||||
Investment, Identifier [Axis]: Planful, Inc., Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.76% | [18] | 6.50% | [19] | ||
Interest rate | 12.16% | 10.32% | ||||
Principal | $ 9,500 | $ 9,500 | ||||
Amortized cost | 9,500 | 9,456 | ||||
Investments, at fair value | $ 9,500 | [4] | $ 9,443 | [5] | ||
% of net assets | 4.70% | [6] | 4.20% | [7] | ||
Investment, Identifier [Axis]: Planful, Inc., Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.76% | [18] | 6.50% | [19] | ||
Interest rate | 12.16% | 9.90% | ||||
Principal | $ 530 | $ 530 | ||||
Amortized cost | 524 | 519 | ||||
Investments, at fair value | $ 530 | [4] | $ 527 | [5] | ||
% of net assets | 0.30% | [6] | 0.20% | [7] | ||
Investment, Identifier [Axis]: Planful, Inc., Senior Secured Loans 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.76% | [18] | 6.50% | [19] | ||
Interest rate | 12.16% | 10.32% | ||||
Principal | $ 1,326 | $ 1,325 | ||||
Amortized cost | 1,326 | 1,325 | ||||
Investments, at fair value | $ 1,326 | [4] | $ 1,318 | [5] | ||
% of net assets | 0.70% | [6] | 0.60% | [7] | ||
Investment, Identifier [Axis]: Planful, Inc., Senior Secured Loans 4 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.76% | [18] | 6.50% | [19] | ||
Interest rate | 12.16% | 10.32% | ||||
Principal | $ 884 | $ 884 | ||||
Amortized cost | 884 | 884 | ||||
Investments, at fair value | $ 884 | [4] | $ 878 | [5] | ||
% of net assets | 0.40% | [6] | 0.40% | [7] | ||
Investment, Identifier [Axis]: Planful, Inc., Senior Secured Loans 5 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 6.76% | ||||
Interest rate | 12.16% | |||||
Principal | $ 707 | |||||
Amortized cost | 688 | |||||
Investments, at fair value | [4] | $ 708 | ||||
% of net assets | [6] | 0.30% | ||||
Investment, Identifier [Axis]: Planful, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.76% | [18] | 6.50% | [19] | ||
Interest rate | 12.16% | 10.32% | ||||
Principal | $ 442 | $ 442 | ||||
Amortized cost | 442 | 442 | ||||
Investments, at fair value | $ 442 | [4] | $ 439 | [5] | ||
% of net assets | 0.20% | [6] | 0.20% | [7] | ||
Investment, Identifier [Axis]: Prototek LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 7.85% | ||||
Interest rate paid in cash | 12.44% | |||||
Interest rate paid in kind | 0.75% | |||||
Principal | $ 2,482 | |||||
Amortized cost | 2,419 | |||||
Investments, at fair value | [4] | $ 2,380 | ||||
% of net assets | [6] | 1.20% | ||||
Investment, Identifier [Axis]: Prototek LLC (Revolver) | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18],[20] | 7.85% | ||||
Interest rate paid in cash | [20] | 12.44% | ||||
Interest rate paid in kind | [20] | 0.75% | ||||
Principal | [20] | $ 288 | ||||
Amortized cost | [20] | 0 | ||||
Investments, at fair value | [4],[20] | $ 0 | ||||
% of net assets | [6],[20] | 0% | ||||
Investment, Identifier [Axis]: Prototek LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 6.50% | ||||
Interest rate | 10.83% | |||||
Principal | $ 2,500 | |||||
Amortized cost | 2,425 | |||||
Investments, at fair value | [5] | $ 2,425 | ||||
% of net assets | [7] | 1.10% | ||||
Investment, Identifier [Axis]: Prototek LLC, Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[19],[22] | 6.50% | ||||
Interest rate | [1],[22] | 10.83% | ||||
Principal | [1],[22] | $ 768 | ||||
Amortized cost | [1],[22] | 0 | ||||
Investments, at fair value | [1],[5],[22] | $ 0 | ||||
% of net assets | [1],[7],[22] | 0% | ||||
Investment, Identifier [Axis]: Prototek LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[19] | 6.50% | ||||
Interest rate | [1] | 10.83% | ||||
Principal | [1] | $ 576 | ||||
Amortized cost | [1] | 0 | ||||
Investments, at fair value | [1],[5] | $ 0 | ||||
% of net assets | [1],[7] | 0% | ||||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 6.50% | ||||
Interest rate | 10.62% | |||||
Principal | $ 972 | |||||
Amortized cost | 908 | |||||
Investments, at fair value | [5] | $ 972 | ||||
% of net assets | [7] | 0.40% | ||||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 6.50% | ||||
Interest rate | 10.62% | |||||
Principal | $ 1,068 | |||||
Amortized cost | 1,068 | |||||
Investments, at fair value | [5] | $ 1,067 | ||||
% of net assets | [7] | 0.50% | ||||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC Senior Secured Loans 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 6.50% | ||||
Interest rate | 10.62% | |||||
Principal | $ 3,796 | |||||
Amortized cost | 3,738 | |||||
Investments, at fair value | [5] | $ 3,781 | ||||
% of net assets | [7] | 1.70% | ||||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC, (Delayed Draw) | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[19],[22] | 6.50% | ||||
Interest rate | [1],[22] | 10.62% | ||||
Principal | [1],[22] | $ 1,772 | ||||
Amortized cost | [1],[22] | 383 | ||||
Investments, at fair value | [1],[5],[22] | $ 381 | ||||
% of net assets | [1],[7],[22] | 0.20% | ||||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC, Equity Securities, Warrant 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 67 | $ 67 | ||||
Investments, at fair value | $ 257 | [4] | $ 210 | [5] | ||
% of net assets | 0.10% | [6] | 0.10% | [7] | ||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC, Equity Securities, Warrant 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 0 | $ 0 | ||||
Investments, at fair value | $ 180 | [4] | $ 147 | [5] | ||
% of net assets | 0.10% | [6] | 0.10% | [7] | ||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 6.61% | ||||
Interest rate | 11.96% | |||||
Principal | $ 852 | |||||
Amortized cost | 795 | |||||
Investments, at fair value | [4] | $ 857 | ||||
% of net assets | [6] | 0.40% | ||||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 6.61% | ||||
Interest rate | 11.96% | |||||
Principal | $ 935 | |||||
Amortized cost | 935 | |||||
Investments, at fair value | [4] | $ 941 | ||||
% of net assets | [6] | 0.50% | ||||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC, Senior Secured Loans 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 6.61% | ||||
Interest rate | 11.96% | |||||
Principal | $ 3,326 | |||||
Amortized cost | 3,289 | |||||
Investments, at fair value | [4] | $ 3,326 | ||||
% of net assets | [6] | 1.60% | ||||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC, Senior Secured Loans 4 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 6.61% | ||||
Interest rate | 11.96% | |||||
Principal | $ 335 | |||||
Amortized cost | 335 | |||||
Investments, at fair value | [4] | $ 335 | ||||
% of net assets | [6] | 0.20% | ||||
Investment, Identifier [Axis]: Recorded Future, Inc, Equity Securities Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | [41] | $ 81 | ||||
Investments, at fair value | [4],[41] | $ 261 | ||||
% of net assets | [6],[41] | 0.10% | ||||
Investment, Identifier [Axis]: Recorded Future, Inc., Equity Securities, Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | [42] | $ 81 | ||||
Investments, at fair value | [5],[42] | $ 225 | ||||
% of net assets | [7],[42] | 0.10% | ||||
Investment, Identifier [Axis]: Recycled Plastics Industries, LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.60% | [18] | 6.75% | [19] | ||
Interest rate | 10.87% | |||||
Interest rate paid in cash | 12.19% | |||||
Interest rate paid in kind | 0.75% | |||||
Principal | $ 2,811 | $ 3,456 | ||||
Amortized cost | 2,778 | 3,403 | ||||
Investments, at fair value | $ 2,776 | [4] | $ 3,370 | [5] | ||
% of net assets | 1.40% | [6] | 1.50% | [7] | ||
Investment, Identifier [Axis]: Recycled Plastics Industries, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.60% | [18],[20] | 6.75% | [1],[19] | ||
Interest rate | [1] | 10.87% | ||||
Interest rate paid in cash | [20] | 12.19% | ||||
Interest rate paid in kind | [20] | 0.75% | ||||
Principal | $ 284 | [20] | $ 473 | [1] | ||
Amortized cost | 0 | [20] | 0 | [1] | ||
Investments, at fair value | $ 0 | [4],[20] | $ 0 | [1],[5] | ||
% of net assets | 0% | [6],[20] | 0% | [1],[7] | ||
Investment, Identifier [Axis]: Relativity ODA LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 6.60% | ||||
Interest rate paid in kind | 11.96% | |||||
Principal | $ 2,107 | |||||
Amortized cost | 2,075 | |||||
Investments, at fair value | [4] | $ 2,105 | ||||
% of net assets | [6] | 1% | ||||
Investment, Identifier [Axis]: Relativity ODA LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 7.50% | ||||
Interest rate paid in kind | 11.89% | |||||
Principal | $ 2,061 | |||||
Amortized cost | 2,024 | |||||
Investments, at fair value | [5] | $ 2,060 | ||||
% of net assets | [7] | 0.90% | ||||
Investment, Identifier [Axis]: Relativity ODA LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.60% | [18],[20] | 7.50% | [1],[19] | ||
Interest rate paid in kind | 11.96% | 11.89% | [1] | |||
Principal | $ 180 | [20] | $ 180 | [1] | ||
Amortized cost | 0 | [20] | 0 | [1] | ||
Investments, at fair value | $ 0 | [4],[20] | $ 0 | [1],[5] | ||
% of net assets | 0% | [6],[20] | 0% | [1],[7] | ||
Investment, Identifier [Axis]: Relevate Health Group, LLC , Equity Securities, Class B common units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 0 | |||||
Investments, at fair value | [4] | $ 0 | ||||
% of net assets | [6] | 0% | ||||
Investment, Identifier [Axis]: Relevate Health Group, LLC , Equity Securities, Preferred units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | 1,200% | |||||
Amortized cost | $ 40 | |||||
Investments, at fair value | [4] | $ 19 | ||||
% of net assets | [6] | 0% | ||||
Investment, Identifier [Axis]: Relevate Health Group, LLC, Equity Securities, Class B common units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 0 | |||||
Investments, at fair value | [5] | $ 0 | ||||
% of net assets | [7] | 0% | ||||
Investment, Identifier [Axis]: Relevate Health Group, LLC, Equity Securities, Preferred units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | 12% | |||||
Amortized cost | $ 40 | |||||
Investments, at fair value | [5] | $ 36 | ||||
% of net assets | [7] | 0% | ||||
Investment, Identifier [Axis]: Relevate Health Group, LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 5.75% | ||||
Interest rate | 9.97% | |||||
Principal | $ 1,474 | |||||
Amortized cost | 1,455 | |||||
Investments, at fair value | [5] | $ 1,449 | ||||
% of net assets | [7] | 0.60% | ||||
Investment, Identifier [Axis]: Relevate Health Group, LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 6.10% | ||||
Interest rate | 11.44% | |||||
Principal | $ 1,459 | |||||
Amortized cost | 1,446 | |||||
Investments, at fair value | [4] | $ 1,445 | ||||
% of net assets | [6] | 0.70% | ||||
Investment, Identifier [Axis]: Relevate Health Group, LLC, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 6.10% | ||||
Interest rate | 11.44% | |||||
Principal | $ 653 | |||||
Amortized cost | 653 | |||||
Investments, at fair value | [4] | $ 647 | ||||
% of net assets | [6] | 0.30% | ||||
Investment, Identifier [Axis]: Relevate Health Group, LLC, Senior Secured Loans Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[19] | 5.75% | ||||
Interest rate | [1] | 9.97% | ||||
Principal | [1] | $ 316 | ||||
Amortized cost | [1] | 0 | ||||
Investments, at fair value | [1],[5] | $ 0 | ||||
% of net assets | [1],[7] | 0% | ||||
Investment, Identifier [Axis]: Relevate Health Group, LLC, Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[19],[22] | 5.75% | ||||
Interest rate | [1],[22] | 9.97% | ||||
Principal | [1],[22] | $ 778 | ||||
Amortized cost | [1],[22] | 659 | ||||
Investments, at fair value | [1],[5],[22] | $ 648 | ||||
% of net assets | [1],[7],[22] | 0.30% | ||||
Investment, Identifier [Axis]: Relevate Health Group, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18],[20] | 6.10% | ||||
Interest rate | [20] | 11.43% | ||||
Principal | [20] | $ 316 | ||||
Amortized cost | [20] | 84 | ||||
Investments, at fair value | [4],[20] | $ 84 | ||||
% of net assets | [6],[20] | 0% | ||||
Investment, Identifier [Axis]: Rockdale Blackhawk, LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | [43] | $ 0 | ||||
Amortized cost | [43] | 0 | ||||
Investments, at fair value | [5],[43] | $ 557 | ||||
% of net assets | [7],[43] | 0.20% | ||||
Investment, Identifier [Axis]: SFR Holdco, LLC, Equity Securities | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 3,900 | [23] | $ 3,900 | [26] | ||
Investments, at fair value | $ 4,372 | [4],[23] | $ 3,900 | [5],[26] | ||
% of net assets | 2.10% | [6],[23] | 1.70% | [7],[26] | ||
Investment, Identifier [Axis]: SFR Holdco, LLC, Equity interests | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 4,372 | $ 3,900 | ||||
Investment, Identifier [Axis]: SFR Holdco, LLC, Junior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate | 8% | [23] | 8% | [26] | ||
Principal | $ 5,850 | [23] | $ 5,850 | [26] | ||
Amortized cost | 5,850 | [23] | 5,850 | [26] | ||
Investments, at fair value | $ 5,539 | [4],[23] | $ 5,850 | [5],[26] | ||
% of net assets | 2.70% | [6],[23] | 2.60% | [7],[26] | ||
Investment, Identifier [Axis]: SFR Holdco, LLC, Junior secured loan | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 5,539 | $ 5,850 | ||||
Investment, Identifier [Axis]: SFR Holding, LLC, Equity interests | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 3,900 | 3,900 | ||||
Investment, Identifier [Axis]: SFR Holdings, LLC, Junior secured loan | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 5,850 | 5,850 | ||||
Investment, Identifier [Axis]: Second Avenue SFR Holdings II LLC, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 3,323 | $ 4,755 | 2,104 | |||
Investment, Identifier [Axis]: Second Avenue SFR Holdings II LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7% | [18],[20],[23] | 7% | [1],[19],[26] | ||
Interest rate | 12.34% | [20],[23] | 11.12% | [1],[26] | ||
Principal | $ 4,875 | [20],[23] | $ 4,875 | [1],[26] | ||
Amortized cost | 3,323 | [20],[23] | 4,785 | [1],[26] | ||
Investments, at fair value | $ 3,323 | [4],[20],[23] | $ 4,755 | [1],[5],[26] | ||
% of net assets | 1.60% | [6],[20],[23] | 2.10% | [1],[7],[26] | ||
Investment, Identifier [Axis]: Security Services Acquisition Sub Corp., Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.10% | [18] | 6% | [19] | ||
Interest rate | 11.46% | 10.42% | ||||
Principal | $ 3,344 | $ 3,378 | ||||
Amortized cost | 3,331 | 3,353 | ||||
Investments, at fair value | $ 3,341 | [4] | $ 3,372 | [5] | ||
% of net assets | 1.60% | [6] | 1.50% | [7] | ||
Investment, Identifier [Axis]: Security Services Acquisition Sub Corp., Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.10% | [18] | 6% | [19] | ||
Interest rate | 11.46% | 10.42% | ||||
Principal | $ 2,406 | $ 2,430 | ||||
Amortized cost | 2,406 | 2,430 | ||||
Investments, at fair value | $ 2,403 | [4] | $ 2,425 | [5] | ||
% of net assets | 1.20% | [6] | 1.10% | [7] | ||
Investment, Identifier [Axis]: Security Services Acquisition Sub Corp., Senior Secured Loans 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.10% | [18] | 6% | [19] | ||
Interest rate | 11.46% | 10.42% | ||||
Principal | $ 7,820 | $ 7,900 | ||||
Amortized cost | 7,744 | 7,806 | ||||
Investments, at fair value | $ 7,812 | [4] | $ 7,884 | [5] | ||
% of net assets | 3.80% | [6] | 3.50% | [7] | ||
Investment, Identifier [Axis]: Security Services Acquisition Sub Corp., Senior Secured Loans 4 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.10% | [18] | 6% | [19] | ||
Interest rate | 11.46% | 10.42% | ||||
Principal | $ 2,113 | $ 2,135 | ||||
Amortized cost | 2,113 | 2,135 | ||||
Investments, at fair value | $ 2,111 | [4] | $ 2,131 | [5] | ||
% of net assets | 1% | [6] | 0.90% | [7] | ||
Investment, Identifier [Axis]: Security Services Acquisition Sub Corp., Senior Secured Loans 5 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.10% | [18] | 6% | [19] | ||
Interest rate | 11.46% | 10.40% | ||||
Principal | $ 1,520 | $ 1,535 | ||||
Amortized cost | 1,520 | 1,535 | ||||
Investments, at fair value | $ 1,518 | [4] | $ 1,532 | [5] | ||
% of net assets | 0.70% | [6] | 0.70% | [7] | ||
Investment, Identifier [Axis]: Seran BioScience, LLC, Equity Securities, Common units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 334 | [28] | $ 334 | [29] | ||
Investments, at fair value | $ 755 | [4],[28] | $ 537 | [5],[29] | ||
% of net assets | 0.40% | [6],[28] | 0.30% | [7],[29] | ||
Investment, Identifier [Axis]: Seran BioScience, LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 6.25% | ||||
Interest rate | 9.96% | |||||
Principal | $ 2,456 | |||||
Amortized cost | 2,424 | |||||
Investments, at fair value | [5] | $ 2,435 | ||||
% of net assets | [7] | 1.10% | ||||
Investment, Identifier [Axis]: Seran BioScience, LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 6.25% | ||||
Interest rate | 11.64% | |||||
Principal | $ 2,431 | |||||
Amortized cost | 2,409 | |||||
Investments, at fair value | [4] | $ 2,431 | ||||
% of net assets | [6] | 1.20% | ||||
Investment, Identifier [Axis]: Seran BioScience, LLC, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 6.25% | ||||
Interest rate | 11.66% | |||||
Principal | $ 2,757 | |||||
Amortized cost | 2,757 | |||||
Investments, at fair value | [4] | $ 2,757 | ||||
% of net assets | [6] | 1.40% | ||||
Investment, Identifier [Axis]: Seran BioScience, LLC, Senior Secured Loans Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[19],[22] | 6.25% | ||||
Interest rate | [1],[22] | 10.67% | ||||
Principal | [1],[22] | $ 2,776 | ||||
Amortized cost | [1],[22] | 1,331 | ||||
Investments, at fair value | [1],[5],[22] | $ 1,320 | ||||
% of net assets | [1],[7],[22] | 0.60% | ||||
Investment, Identifier [Axis]: Seran BioScience, LLC, Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18],[20],[21] | 6.25% | ||||
Interest rate | [20],[21] | 11.66% | ||||
Principal | [20],[21] | $ 1,444 | ||||
Amortized cost | [20],[21] | 333 | ||||
Investments, at fair value | [4],[20],[21] | $ 333 | ||||
% of net assets | [6],[20],[21] | 0.20% | ||||
Investment, Identifier [Axis]: Seran BioScience, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.25% | [18],[20] | 6.25% | [1],[19] | ||
Interest rate | 11.64% | [20] | 9.96% | [1] | ||
Principal | $ 444 | [20] | $ 444 | [1] | ||
Amortized cost | 0 | [20] | 0 | [1] | ||
Investments, at fair value | $ 0 | [4],[20] | $ 0 | [1],[5] | ||
% of net assets | 0% | [6],[20] | 0% | [1],[7] | ||
Investment, Identifier [Axis]: ServiceMax, Inc., Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19],[26] | 7% | ||||
Interest rate paid in kind | [26] | 11.12% | ||||
Principal | [26] | $ 3,846 | ||||
Amortized cost | [26] | 3,786 | ||||
Investments, at fair value | [5],[26] | $ 3,884 | ||||
% of net assets | [7],[26] | 1.70% | ||||
Investment, Identifier [Axis]: ServiceMax, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[19],[26] | 6% | ||||
Interest rate paid in kind | [1],[26] | 10.27% | ||||
Principal | [1],[26] | $ 350 | ||||
Amortized cost | [1],[26] | 175 | ||||
Investments, at fair value | [1],[5],[26] | $ 175 | ||||
% of net assets | [1],[7],[26] | 0.10% | ||||
Investment, Identifier [Axis]: Sparq Holdings, Inc., Equity Securities, Common stock | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 300 | |||||
Investments, at fair value | [4] | $ 312 | ||||
% of net assets | [6] | 0.20% | ||||
Investment, Identifier [Axis]: Sparq Holdings, Inc., Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 6.25% | ||||
Interest rate | 11.43% | |||||
Principal | $ 995 | |||||
Amortized cost | 967 | |||||
Investments, at fair value | [4] | $ 1,011 | ||||
% of net assets | [6] | 0.50% | ||||
Investment, Identifier [Axis]: Sparq Holdings, Inc., Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18],[20],[21] | 6.25% | ||||
Interest rate | [20],[21] | 11.43% | ||||
Principal | [20],[21] | $ 222 | ||||
Amortized cost | [20],[21] | 0 | ||||
Investments, at fair value | [4],[20],[21] | $ 0 | ||||
% of net assets | [6],[20],[21] | 0% | ||||
Investment, Identifier [Axis]: Sparq Holdings, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18],[20] | 6.25% | ||||
Interest rate | [20] | 11.43% | ||||
Principal | [20] | $ 205 | ||||
Amortized cost | [20] | 0 | ||||
Investments, at fair value | [4],[20] | $ 0 | ||||
% of net assets | [6],[20] | 0% | ||||
Investment, Identifier [Axis]: Spectrum Science Communications, LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 6.25% | ||||
Interest rate | 10.92% | |||||
Principal | $ 995 | |||||
Amortized cost | 979 | |||||
Investments, at fair value | [5] | $ 1,005 | ||||
% of net assets | [7] | 0.40% | ||||
Investment, Identifier [Axis]: Spectrum Science Communications, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[19] | 6.25% | ||||
Interest rate | [1] | 10.92% | ||||
Principal | [1] | $ 200 | ||||
Amortized cost | [1] | 0 | ||||
Investments, at fair value | [1],[5] | $ 0 | ||||
% of net assets | [1],[7] | 0% | ||||
Investment, Identifier [Axis]: Spherix Global Inc., Equity Securities, Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 81 | $ 81 | ||||
Investments, at fair value | $ 34 | [4] | $ 63 | [5] | ||
% of net assets | 0% | [6] | 0% | [7] | ||
Investment, Identifier [Axis]: Spherix Global Inc., Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.36% | [18] | 6% | [19] | ||
Interest rate | 11.71% | 10.24% | ||||
Principal | $ 1,081 | $ 1,092 | ||||
Amortized cost | 1,068 | 1,076 | ||||
Investments, at fair value | $ 1,048 | [4] | $ 1,088 | [5] | ||
% of net assets | 0.50% | [6] | 0.50% | [7] | ||
Investment, Identifier [Axis]: Spherix Global Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.36% | [18],[20] | 6% | [1],[19] | ||
Interest rate | 11.71% | [20] | 10.24% | [1] | ||
Principal | $ 122 | [20] | $ 122 | [1] | ||
Amortized cost | 0 | [20] | 0 | [1] | ||
Investments, at fair value | $ 0 | [4],[20] | $ 0 | [1],[5] | ||
% of net assets | 0% | [6],[20] | 0% | [1],[7] | ||
Investment, Identifier [Axis]: Sports Operating Holdings II, LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.85% | [18] | 5.75% | [19] | ||
Interest rate | 11.21% | 10.17% | ||||
Principal | $ 2,963 | $ 2,993 | ||||
Amortized cost | 2,902 | 2,920 | ||||
Investments, at fair value | $ 2,963 | [4] | $ 2,918 | [5] | ||
% of net assets | 1.60% | [6] | 1.30% | [7] | ||
Investment, Identifier [Axis]: Sports Operating Holdings II, LLC, Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.85% | [18],[20],[21] | 5.75% | [1],[19],[22] | ||
Interest rate | 11.21% | [20],[21] | 10.17% | [1],[22] | ||
Principal | $ 2,398 | [20],[21] | $ 2,400 | [1],[22] | ||
Amortized cost | 241 | [20],[21] | 0 | [1],[22] | ||
Investments, at fair value | $ 241 | [4],[20],[21] | $ 0 | [1],[5],[22] | ||
% of net assets | 0.10% | [6],[20],[21] | 0% | [1],[7],[22] | ||
Investment, Identifier [Axis]: Sports Operating Holdings II, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.85% | [18],[20] | 5.75% | [1],[19] | ||
Interest rate | 11.21% | [20] | 10.17% | [1] | ||
Principal | $ 519 | [20] | $ 519 | [1] | ||
Amortized cost | 0 | [20] | 0 | [1] | ||
Investments, at fair value | $ 0 | [4],[20] | $ 0 | [1],[5] | ||
% of net assets | 0% | [6],[20] | 0% | [1],[7] | ||
Investment, Identifier [Axis]: StarCompliance MidCo, LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.85% | [18] | 6.75% | [19] | ||
Interest rate | 12.20% | 11.48% | ||||
Principal | $ 2,000 | $ 2,000 | ||||
Amortized cost | 1,977 | 1,971 | ||||
Investments, at fair value | $ 1,993 | [4] | $ 1,968 | [5] | ||
% of net assets | 1% | [6] | 0.90% | [7] | ||
Investment, Identifier [Axis]: StarCompliance MidCo, LLC, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.85% | [18] | 6.75% | [19] | ||
Interest rate | 12.20% | 11.48% | ||||
Principal | $ 335 | $ 336 | ||||
Amortized cost | 331 | 330 | ||||
Investments, at fair value | $ 334 | [4] | $ 330 | [5] | ||
% of net assets | 0.20% | [6] | 0.10% | [7] | ||
Investment, Identifier [Axis]: StarCompliance MidCo, LLC, Senior Secured Loans 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 6.85% | ||||
Interest rate | 12.20% | |||||
Principal | $ 256 | |||||
Amortized cost | 251 | |||||
Investments, at fair value | [4] | $ 255 | ||||
% of net assets | [6] | 0.10% | ||||
Investment, Identifier [Axis]: StarCompliance MidCo, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.85% | [18],[20] | 6.75% | [1],[19] | ||
Interest rate | 12.20% | [20] | 11.14% | [1] | ||
Principal | $ 323 | [20] | $ 322 | [1] | ||
Amortized cost | 190 | [20] | 81 | [1] | ||
Investments, at fair value | $ 190 | [4],[20] | $ 79 | [1],[5] | ||
% of net assets | 0.10% | [6],[20] | 0% | [1],[7] | ||
Investment, Identifier [Axis]: TCFIII OWL Buyer LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.61% | [18] | 5.50% | [19] | ||
Interest rate | 10.97% | 9.94% | ||||
Principal | $ 1,999 | $ 2,019 | ||||
Amortized cost | 1,980 | 1,994 | ||||
Investments, at fair value | $ 1,994 | [4] | $ 2,022 | [5] | ||
% of net assets | 1% | [6] | 0.90% | [7] | ||
Investment, Identifier [Axis]: TCFIII OWL Buyer LLC, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.61% | [18] | 5.50% | [19] | ||
Interest rate | 10.97% | 9.94% | ||||
Principal | $ 2,441 | $ 2,466 | ||||
Amortized cost | 2,441 | 2,466 | ||||
Investments, at fair value | $ 2,434 | [4] | $ 2,469 | [5] | ||
% of net assets | 1.20% | [6] | 1.10% | [7] | ||
Investment, Identifier [Axis]: TCFIII OWL Buyer LLC, Senior Secured Loans 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.61% | [18] | 5.50% | [19] | ||
Interest rate | 10.97% | 9.94% | ||||
Principal | $ 2,190 | $ 2,213 | ||||
Amortized cost | 2,168 | 2,182 | ||||
Investments, at fair value | $ 2,185 | [4] | $ 2,215 | [5] | ||
% of net assets | 1.10% | [6] | 1% | [7] | ||
Investment, Identifier [Axis]: TJ Management HoldCo LLC, Common stock | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 3,229 | $ 2,766 | ||||
Investment, Identifier [Axis]: TJ Management HoldCo LLC, Equity Securities, Common stock | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | 1,631 | [28] | 1,631 | [29] | ||
Investments, at fair value | $ 3,229 | [4],[28] | $ 2,766 | [5],[29] | ||
% of net assets | 1.60% | [6],[28] | 1.20% | [7],[29] | ||
Investment, Identifier [Axis]: TJ Management HoldCo LLC, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 0 | $ 80 | ||||
Investment, Identifier [Axis]: TJ Management HoldCo LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.61% | [18],[20] | 5.50% | [1],[19] | ||
Interest rate | 10.94% | [20] | 9.89% | [1] | ||
Principal | $ 477 | [20] | $ 477 | [1] | ||
Amortized cost | 0 | [20] | 80 | [1] | ||
Investments, at fair value | $ 0 | [4],[20] | $ 80 | [1],[5] | ||
% of net assets | 0% | [6],[20] | 0% | [1],[7] | ||
Investment, Identifier [Axis]: TJ Management HoldCo, LLC (Revolver) | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 80 | 0 | ||||
Investment, Identifier [Axis]: TJ Management HoldCo, LLC, Common stock | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 2,766 | $ 3,148 | ||||
Investment, Identifier [Axis]: The Kyjen Company, LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.75% | [18] | 7.15% | [19] | ||
Interest rate paid in cash | 12.13% | 11.15% | ||||
Interest rate paid in kind | 1% | 0.50% | ||||
Principal | $ 988 | $ 986 | ||||
Amortized cost | 982 | 979 | ||||
Investments, at fair value | $ 978 | [4] | $ 975 | [5] | ||
% of net assets | 0.50% | [6] | 0.50% | [7] | ||
Investment, Identifier [Axis]: The Kyjen Company, LLC, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.50% | [18] | 7% | [19] | ||
Interest rate paid in kind | 12.96% | 11.42% | ||||
Principal | $ 1 | $ 0 | ||||
Amortized cost | 1 | 0 | ||||
Investments, at fair value | $ 1 | [4] | $ 0 | [5] | ||
% of net assets | 0% | [6] | 0% | [7] | ||
Investment, Identifier [Axis]: The Kyjen Company, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.75% | [18],[20] | 7.10% | [1],[19] | ||
Interest rate paid in cash | [20] | 12.13% | ||||
Interest rate paid in kind | 1% | [20] | 0.50% | [1] | ||
Principal | $ 105 | [20] | $ 105 | [1] | ||
Amortized cost | 0 | [20] | 89 | [1] | ||
Investments, at fair value | $ 0 | [4],[20] | $ 88 | [1],[5] | ||
% of net assets | 0% | [6],[20] | 0% | [1],[7] | ||
Investment, Identifier [Axis]: Thrasio, LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.26% | [18] | 7% | [19] | ||
Interest rate | 12.61% | [27] | 11.73% | |||
Principal | $ 2,433 | $ 2,445 | ||||
Amortized cost | 2,432 | 2,440 | ||||
Investments, at fair value | $ 1,408 | [4] | $ 2,445 | [5] | ||
% of net assets | 0.70% | [6] | 1.10% | [7] | ||
Investment, Identifier [Axis]: TigerConnect, Inc., Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.90% | [18] | 7.25% | [19] | ||
Interest rate | 12.28% | |||||
Interest rate paid in cash | 7.86% | |||||
Interest rate paid in kind | 3.63% | |||||
Principal | $ 3,000 | $ 3,000 | ||||
Amortized cost | 2,955 | 2,947 | ||||
Investments, at fair value | $ 2,940 | [4] | $ 2,963 | [5] | ||
% of net assets | 1.40% | [6] | 1.30% | [7] | ||
Investment, Identifier [Axis]: TigerConnect, Inc., Senior Secured Loans Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[19] | 7.25% | ||||
Interest rate | [1] | 11.49% | ||||
Principal | [1] | $ 429 | ||||
Amortized cost | [1] | 0 | ||||
Investments, at fair value | [1],[5] | $ 0 | ||||
% of net assets | [1],[7] | 0% | ||||
Investment, Identifier [Axis]: TigerConnect, Inc., Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.90% | [18],[20],[21] | 7.25% | [1],[19],[22] | ||
Interest rate | [20],[21] | 12.28% | ||||
Interest rate paid in cash | [1],[22] | 7.86% | ||||
Interest rate paid in kind | [1],[22] | 3.63% | ||||
Principal | $ 225 | [20],[21] | $ 124 | [1],[22] | ||
Amortized cost | 136 | [20],[21] | 28 | [1],[22] | ||
Investments, at fair value | $ 133 | [4],[20],[21] | $ 27 | [1],[5],[22] | ||
% of net assets | 0.10% | [6],[20],[21] | 0% | [1],[7],[22] | ||
Investment, Identifier [Axis]: TigerConnect, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18],[20] | 6.90% | ||||
Interest rate | [20] | 12.28% | ||||
Principal | [20] | $ 429 | ||||
Amortized cost | [20] | 0 | ||||
Investments, at fair value | [4],[20] | $ 0 | ||||
% of net assets | [6],[20] | 0% | ||||
Investment, Identifier [Axis]: V10 Entertainment, Inc. , Equity Securities, Common units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | [44] | $ 203 | ||||
Investments, at fair value | [4],[44] | $ 185 | ||||
% of net assets | [6],[44] | 0.10% | ||||
Investment, Identifier [Axis]: V10 Entertainment, Inc., Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 7.10% | ||||
Interest rate | 12.49% | |||||
Principal | $ 3,980 | |||||
Amortized cost | 3,878 | |||||
Investments, at fair value | [4] | $ 4,013 | ||||
% of net assets | [6] | 2% | ||||
Investment, Identifier [Axis]: V10 Entertainment, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18],[20] | 7.10% | ||||
Interest rate | [20] | 12.49% | ||||
Principal | [20] | $ 458 | ||||
Amortized cost | [20] | 0 | ||||
Investments, at fair value | [4],[20] | $ 0 | ||||
% of net assets | [6],[20] | 0% | ||||
Investment, Identifier [Axis]: VB E1, LLC, Unitranche Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.75% | [18] | 7.65% | [19] | ||
Interest rate | 13.10% | 12.38% | ||||
Principal | $ 2,250 | $ 2,250 | ||||
Amortized cost | 2,250 | 2,250 | ||||
Investments, at fair value | $ 2,250 | [4] | $ 2,257 | [5] | ||
% of net assets | 1.10% | [6] | 1% | [7] | ||
Investment, Identifier [Axis]: VPS Holdings, LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.11% | [18] | 9% | [19] | ||
Interest rate | 12.47% | |||||
Interest rate paid in cash | 11.39% | |||||
Interest rate paid in kind | 2% | |||||
Principal | $ 2,397 | $ 3,246 | ||||
Amortized cost | 2,388 | 3,222 | ||||
Investments, at fair value | $ 2,405 | [4] | $ 3,252 | [5] | ||
% of net assets | 1.20% | [6] | 1.40% | [7] | ||
Investment, Identifier [Axis]: VPS Holdings, LLC, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.11% | [18] | 9% | [19] | ||
Interest rate | 12.47% | |||||
Interest rate paid in cash | 11.39% | |||||
Interest rate paid in kind | 2% | |||||
Principal | $ 1,971 | $ 2,656 | ||||
Amortized cost | 1,971 | 2,656 | ||||
Investments, at fair value | $ 1,978 | [4] | $ 2,661 | [5] | ||
% of net assets | 1% | [6] | 1.20% | [7] | ||
Investment, Identifier [Axis]: VPS Holdings, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.11% | [18],[20] | 9% | [1],[19] | ||
Interest rate | [20] | 12.47% | ||||
Interest rate paid in cash | [1] | 11.39% | ||||
Interest rate paid in kind | [1] | 2% | ||||
Principal | $ 1,003 | [20] | $ 1,002 | [1] | ||
Amortized cost | 603 | [20] | 102 | [1] | ||
Investments, at fair value | $ 603 | [4],[20] | $ 102 | [1],[5] | ||
% of net assets | 0.30% | [6],[20] | 0% | [1],[7] | ||
Investment, Identifier [Axis]: Valudor Products LLC, Equity Securities, Class A-1 units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | 10% | [28] | 10% | [29] | ||
Amortized cost | $ 501 | [28] | $ 501 | [29] | ||
Investments, at fair value | $ 307 | [4],[28] | $ 555 | [5],[29] | ||
% of net assets | 0.20% | [6],[28] | 0.20% | [7],[29] | ||
Investment, Identifier [Axis]: Valudor Products LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.61% | [18] | 7.50% | [19] | ||
Interest rate paid in cash | 11.47% | 10.39% | ||||
Interest rate paid in kind | 1.50% | 1.50% | ||||
Principal | $ 1,581 | $ 1,609 | ||||
Amortized cost | 1,581 | 1,606 | ||||
Investments, at fair value | $ 1,875 | [4] | $ 1,958 | [5] | ||
% of net assets | 0.90% | [6] | 0.90% | [7] | ||
Investment, Identifier [Axis]: Valudor Products LLC, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.50% | [18],[37] | 7.50% | [19],[45] | ||
Interest rate paid in kind | 12.97% | [37] | 11.89% | [45] | ||
Principal | $ 295 | [37] | $ 260 | [45] | ||
Amortized cost | 295 | [37] | 260 | [45] | ||
Investments, at fair value | $ 287 | [4],[37] | $ 312 | [5],[45] | ||
% of net assets | 0.10% | [6],[37] | 0.10% | [7],[45] | ||
Investment, Identifier [Axis]: Valudor Products LLC, Senior Secured Loans 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.61% | [18] | 7.50% | [19] | ||
Interest rate | 12.97% | 11.89% | ||||
Principal | $ 502 | $ 502 | ||||
Amortized cost | 502 | 502 | ||||
Investments, at fair value | $ 1,464 | [4] | $ 1,565 | [5] | ||
% of net assets | 0.70% | [6] | 0.70% | [7] | ||
Investment, Identifier [Axis]: Valudor Products LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.61% | [18],[20] | 9.50% | [1],[19] | ||
Interest rate | 12.97% | [20] | 13.89% | [1] | ||
Principal | $ 1,095 | [20] | $ 1,095 | [1] | ||
Amortized cost | 55 | [20] | 55 | [1] | ||
Investments, at fair value | $ 54 | [4],[20] | $ 55 | [1],[5] | ||
% of net assets | 0% | [6],[20] | 0% | [1],[7] | ||
Investment, Identifier [Axis]: Vero Biotech Inc., Equity Securities, Warrant | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | $ 0 | |||||
Investments, at fair value | [4] | $ 0 | ||||
% of net assets | [6] | 0% | ||||
Investment, Identifier [Axis]: Vero Biotech Inc., Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 3.75% | ||||
Interest rate | 12.25% | |||||
Principal | $ 2,500 | |||||
Amortized cost | 2,475 | |||||
Investments, at fair value | [4] | $ 2,475 | ||||
% of net assets | [6] | 1.20% | ||||
Investment, Identifier [Axis]: Vhagar Purchaser, LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 7% | ||||
Interest rate | 12.39% | |||||
Principal | $ 3,000 | |||||
Amortized cost | 2,917 | |||||
Investments, at fair value | [4] | $ 3,000 | ||||
% of net assets | [6] | 1.50% | ||||
Investment, Identifier [Axis]: Vhagar Purchaser, LLC, Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18],[20],[21] | 7% | ||||
Interest rate | [20],[21] | 12.39% | ||||
Principal | [20],[21] | $ 667 | ||||
Amortized cost | [20],[21] | 150 | ||||
Investments, at fair value | [4],[20],[21] | $ 150 | ||||
% of net assets | [6],[20],[21] | 0.10% | ||||
Investment, Identifier [Axis]: Vhagar Purchaser, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18],[20] | 7% | ||||
Interest rate | [20] | 12.39% | ||||
Principal | [20] | $ 333 | ||||
Amortized cost | [20] | 0 | ||||
Investments, at fair value | [4],[20] | $ 0 | ||||
% of net assets | [6],[20] | 0% | ||||
Investment, Identifier [Axis]: Vice Acquisition Holdco, LLC (fka Vice Group Holding Inc.), Equity Securities, Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Amortized cost | [46] | $ 1,480 | ||||
Investments, at fair value | [4],[46] | $ 604 | ||||
% of net assets | [6],[46] | 0.30% | ||||
Investment, Identifier [Axis]: Vice Acquisition Holdco, LLC (fka Vice Group Holding Inc.), Junior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | [46] | $ 122 | ||||
Amortized cost | [46] | 122 | ||||
Investments, at fair value | [4],[46] | $ 0 | ||||
% of net assets | [6],[46] | 0% | ||||
Investment, Identifier [Axis]: Vice Acquisition Holdco, LLC (fka Vice Group Holding Inc.), Junior Secured Loans 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | [46] | $ 200 | ||||
Amortized cost | [46] | 200 | ||||
Investments, at fair value | [4],[46] | $ 0 | ||||
% of net assets | [6],[46] | 0% | ||||
Investment, Identifier [Axis]: Vice Acquisition Holdco, LLC (fka Vice Group Holding Inc.), Junior Secured Loans 4 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | [46] | $ 76 | ||||
Amortized cost | [46] | 76 | ||||
Investments, at fair value | [4],[46] | $ 0 | ||||
% of net assets | [6],[46] | 0% | ||||
Investment, Identifier [Axis]: Vice Acquisition Holdco, LLC (fka Vice Group Holding Inc.), Junior Secured Loans 5 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18],[46] | 8.26% | ||||
Interest rate paid in kind | [46] | 13.64% | ||||
Principal | [46] | $ 528 | ||||
Amortized cost | [46] | 528 | ||||
Investments, at fair value | [4],[46] | $ 464 | ||||
% of net assets | [6],[46] | 0.20% | ||||
Investment, Identifier [Axis]: Vice Acquisition Holdco, LLC (fka Vice Group Holding Inc.), Junior Secured Loans1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | [46] | $ 637 | ||||
Amortized cost | [46] | 637 | ||||
Investments, at fair value | [4],[46] | $ 0 | ||||
% of net assets | [6],[46] | 0% | ||||
Investment, Identifier [Axis]: Vice Acquisition Holdco, LLC (fka Vice Group Holding Inc.), Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18],[46] | 8.26% | ||||
Interest rate paid in kind | [46] | 13.64% | ||||
Principal | [46] | $ 671 | ||||
Amortized cost | [46] | 671 | ||||
Investments, at fair value | [4],[46] | $ 658 | ||||
% of net assets | [6],[46] | 0.30% | ||||
Investment, Identifier [Axis]: Vice Acquisition Holdco, LLC (fka Vice Group Holding Inc.), Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18],[46] | 8.26% | ||||
Interest rate paid in kind | [46] | 13.64% | ||||
Principal | [46] | $ 203 | ||||
Amortized cost | [46] | 203 | ||||
Investments, at fair value | [4],[46] | $ 199 | ||||
% of net assets | [6],[46] | 0.10% | ||||
Investment, Identifier [Axis]: Vice Acquisition Holdco, LLC (fka Vice Group Holding Inc.), Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18],[20],[21],[46] | 8% | ||||
Interest rate paid in kind | [20],[21],[46] | 13.65% | ||||
Principal | [20],[21],[46] | $ 353 | ||||
Amortized cost | [20],[21],[46] | 297 | ||||
Investments, at fair value | [4],[20],[21],[46] | $ 292 | ||||
% of net assets | [6],[20],[21],[46] | 0.20% | ||||
Investment, Identifier [Axis]: Vice Group Holding Inc., Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 12% | ||||
Interest rate paid in cash | 4.51% | |||||
Interest rate paid in kind | 12% | |||||
Principal | $ 1,691 | |||||
Amortized cost | 1,691 | |||||
Investments, at fair value | [5] | $ 1,657 | ||||
% of net assets | [7] | 0.70% | ||||
Investment, Identifier [Axis]: Vice Group Holding Inc., Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 12% | ||||
Interest rate paid in cash | 4.51% | |||||
Interest rate paid in kind | 12% | |||||
Principal | $ 325 | |||||
Amortized cost | 325 | |||||
Investments, at fair value | [5] | $ 318 | ||||
% of net assets | [7] | 0.20% | ||||
Investment, Identifier [Axis]: Vice Group Holding Inc., Senior Secured Loans 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 12% | ||||
Interest rate paid in cash | 4.42% | |||||
Interest rate paid in kind | 12% | |||||
Principal | $ 531 | |||||
Amortized cost | 531 | |||||
Investments, at fair value | [5] | $ 520 | ||||
% of net assets | [7] | 0.20% | ||||
Investment, Identifier [Axis]: Vice Group Holding Inc., Senior Secured Loans 4 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 12% | ||||
Interest rate paid in cash | 4.25% | |||||
Interest rate paid in kind | 12% | |||||
Principal | $ 200 | |||||
Amortized cost | 200 | |||||
Investments, at fair value | [5] | $ 196 | ||||
% of net assets | [7] | 0.10% | ||||
Investment, Identifier [Axis]: Vinci Brands LLC, Unitranche Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | [30] | 2% | ||||
Principal | $ 7,026 | |||||
Amortized cost | 7,026 | |||||
Investments, at fair value | [5] | $ 0 | ||||
% of net assets | [7] | 0% | ||||
Investment, Identifier [Axis]: Vinci Brands LLC, Unitranche Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | [30] | 2% | ||||
Principal | $ 3,065 | |||||
Amortized cost | 3,065 | |||||
Investments, at fair value | [5] | $ 0 | ||||
% of net assets | [7] | 0% | ||||
Investment, Identifier [Axis]: Vinci Brands LLC, Unitranche Secured Loans 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | [30] | 2% | ||||
Principal | $ 13,552 | |||||
Amortized cost | 13,528 | |||||
Investments, at fair value | [5] | $ 0 | ||||
% of net assets | [7] | 0% | ||||
Investment, Identifier [Axis]: Vinci Brands LLC, Unitranche Secured Loans 4 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | [30] | 2% | ||||
Principal | $ 1,149 | |||||
Amortized cost | 1,149 | |||||
Investments, at fair value | [5] | $ 0 | ||||
% of net assets | [7] | 0% | ||||
Investment, Identifier [Axis]: W3 Monroe RE Debt LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | 10% | [23] | 10% | [26] | ||
Principal | $ 3,542 | [23] | $ 3,210 | [26] | ||
Amortized cost | 3,542 | [23] | 3,210 | [26] | ||
Investments, at fair value | $ 3,631 | [4],[23] | $ 3,210 | [5],[26] | ||
% of net assets | 1.80% | [6],[23] | 1.40% | [7],[26] | ||
Investment, Identifier [Axis]: W3 Monroe RE Debt LLC, Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | [20],[21],[23] | 10% | ||||
Principal | [20],[21],[23] | $ 270 | ||||
Amortized cost | [20],[21],[23] | 172 | ||||
Investments, at fair value | [4],[20],[21],[23] | $ 176 | ||||
% of net assets | [6],[20],[21],[23] | 0.10% | ||||
Investment, Identifier [Axis]: Whistler Parent Holdings III, Inc., Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 6.75% | ||||
Interest rate | 11.17% | |||||
Principal | $ 4,500 | |||||
Amortized cost | 4,415 | |||||
Investments, at fair value | [5] | $ 4,457 | ||||
% of net assets | [7] | 2% | ||||
Investment, Identifier [Axis]: Whistler Parent Holdings III, Inc., Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 8.90% | ||||
Interest rate paid in cash | 9.53% | |||||
Interest rate paid in kind | 4.75% | |||||
Principal | $ 4,554 | |||||
Amortized cost | 4,481 | |||||
Investments, at fair value | [4] | $ 4,509 | ||||
% of net assets | [6] | 2.20% | ||||
Investment, Identifier [Axis]: Whistler Parent Holdings III, Inc., Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 8.90% | ||||
Interest rate paid in cash | 9.53% | |||||
Interest rate paid in kind | 4.75% | |||||
Principal | $ 57 | |||||
Amortized cost | 57 | |||||
Investments, at fair value | [4] | $ 56 | ||||
% of net assets | [6] | 0% | ||||
Investment, Identifier [Axis]: Whistler Parent Holdings III, Inc., Senior Secured Loans Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[19],[22] | 6.75% | ||||
Interest rate | [1],[22] | 11.17% | ||||
Principal | [1],[22] | $ 1,406 | ||||
Amortized cost | [1],[22] | 56 | ||||
Investments, at fair value | [1],[5],[22] | $ 56 | ||||
% of net assets | [1],[7],[22] | 0% | ||||
Investment, Identifier [Axis]: Whistler Parent Holdings III, Inc., Senior Secured Loans Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[19] | 6.75% | ||||
Interest rate | [1] | 11.17% | ||||
Principal | [1] | $ 563 | ||||
Amortized cost | [1] | 84 | ||||
Investments, at fair value | [1],[5] | $ 84 | ||||
% of net assets | [1],[7] | 0% | ||||
Investment, Identifier [Axis]: Whistler Parent Holdings III, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 8.90% | ||||
Interest rate paid in cash | 9.53% | |||||
Interest rate paid in kind | 4.75% | |||||
Principal | $ 569 | |||||
Amortized cost | 569 | |||||
Investments, at fair value | [4] | $ 564 | ||||
% of net assets | [6] | 0.30% | ||||
Investment, Identifier [Axis]: WillowTree, LLC, Unitranche Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 5% | ||||
Interest rate | 9.39% | |||||
Principal | $ 7,326 | |||||
Amortized cost | 7,301 | |||||
Investments, at fair value | [5] | $ 7,326 | ||||
% of net assets | [7] | 3.30% | ||||
Investment, Identifier [Axis]: Witkoff/Monroe 700 JV LLC, Equity Securities, Preferred units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in cash | 8% | [23],[28] | 8% | [26],[29] | ||
Interest rate paid in kind | 4% | [23],[28] | 4% | [26],[29] | ||
Amortized cost | $ 3 | [23],[28] | $ 2 | [26],[29] | ||
Investments, at fair value | $ 2,152 | [4],[23],[28] | $ 1,047 | [5],[26],[29] | ||
% of net assets | 1.10% | [6],[23],[28] | 0.50% | [7],[26],[29] | ||
Investment, Identifier [Axis]: Witkoff/Monroe 700 JV LLC, Junior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in cash | [23] | 8% | ||||
Interest rate paid in kind | [23] | 4% | ||||
Principal | [23] | $ 6,901 | ||||
Amortized cost | [23] | 6,901 | ||||
Investments, at fair value | [4],[23] | $ 6,794 | ||||
% of net assets | [6],[23] | 3.30% | ||||
Investment, Identifier [Axis]: Witkoff/Monroe 700 JV LLC, Junior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in cash | [23] | 8% | ||||
Interest rate paid in kind | [23] | 4% | ||||
Principal | [23] | $ 1,194 | ||||
Amortized cost | [23] | 1,194 | ||||
Investments, at fair value | [4],[23] | $ 1,175 | ||||
% of net assets | [6],[23] | 0.60% | ||||
Investment, Identifier [Axis]: Witkoff/Monroe 700 JV LLC, Junior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in cash | 8% | [20],[21],[23] | 8% | [1],[22],[26] | ||
Interest rate paid in kind | 4% | [20],[21],[23] | 4% | [1],[22],[26] | ||
Principal | $ 2,147 | [20],[21],[23] | $ 6,708 | [1],[22],[26] | ||
Amortized cost | 1,378 | [20],[21],[23] | 6,014 | [1],[22],[26] | ||
Investments, at fair value | $ 1,356 | [4],[20],[21],[23] | $ 6,014 | [1],[5],[22],[26] | ||
% of net assets | 0.70% | [6],[20],[21],[23] | 2.70% | [1],[7],[22],[26] | ||
Investment, Identifier [Axis]: XanEdu Publishing, Inc., Equity Securities, Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | 8% | 8% | ||||
Amortized cost | $ 49 | $ 49 | ||||
Investments, at fair value | $ 225 | [4] | $ 223 | [5] | ||
% of net assets | 0.10% | [6] | 0.10% | [7] | ||
Investment, Identifier [Axis]: XanEdu Publishing, Inc., Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.50% | [18] | 6.50% | [19] | ||
Interest rate | 11.97% | 10.94% | ||||
Principal | $ 4,441 | $ 4,584 | ||||
Amortized cost | 4,413 | 4,531 | ||||
Investments, at fair value | $ 4,441 | [4] | $ 4,602 | [5] | ||
% of net assets | 2.20% | [6] | 2.10% | [7] | ||
Investment, Identifier [Axis]: XanEdu Publishing, Inc., Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.50% | [18] | 6.50% | [19] | ||
Interest rate | 11.97% | 10.94% | ||||
Principal | $ 1,765 | $ 1,822 | ||||
Amortized cost | 1,744 | 1,782 | ||||
Investments, at fair value | $ 1,768 | [4] | $ 1,829 | [5] | ||
% of net assets | 0.90% | [6] | 0.80% | [7] | ||
Investment, Identifier [Axis]: XanEdu Publishing, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.50% | [18],[20] | 6.50% | [1],[19] | ||
Interest rate | 11.97% | [20] | 10.94% | [1] | ||
Principal | $ 742 | [20] | $ 742 | [1] | ||
Amortized cost | 0 | [20] | 0 | [1] | ||
Investments, at fair value | $ 0 | [4],[20] | $ 0 | [1],[5] | ||
% of net assets | 0% | [6],[20] | 0% | [1],[7] | ||
Investment, Identifier [Axis]: YS WH4 LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[19],[26] | 7% | ||||
Interest rate | [1],[26] | 11.44% | ||||
Principal | [1],[26] | $ 5,250 | ||||
Amortized cost | [1],[26] | 1,776 | ||||
Investments, at fair value | [1],[5],[26] | $ 1,776 | ||||
% of net assets | [1],[7],[26] | 0.80% | ||||
Investment, Identifier [Axis]: iCIMS, Inc. | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [18] | 7.25% | ||||
Interest rate | 12.62% | |||||
Principal | $ 2,500 | |||||
Amortized cost | 2,462 | |||||
Investments, at fair value | [4] | $ 2,509 | ||||
% of net assets | [6] | 1.20% | ||||
Investment, Identifier [Axis]: iCIMS, Inc., Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [19] | 7.25% | ||||
Interest rate | 11.52% | |||||
Principal | $ 2,500 | |||||
Amortized cost | 2,457 | |||||
Investments, at fair value | [5] | $ 2,456 | ||||
% of net assets | [7] | 1.10% | ||||
[1] All or a portion of this commitment was unfunded at December 31, 2022. As such, interest is earned only on the funded portion of this commitment. All of the Company's investments are issued by eligible portfolio companies, as defined in the Investment Company Act of 1940 (the “1940 Act”), unless otherwise noted. All of the Company's investments are issued by U.S. portfolio companies unless otherwise noted. Because there is no readily available market value for these investments, the fair value of these investments is determined in good faith using significant unobservable inputs by the Valuation Designee. (See Note 4 in the accompanying notes to the consolidated financial statements.) Percentages are based on net assets of $203,724 as of December 31, 2023. Percentages are based on net assets of $225,019 as of December 31, 2022. The Company structures its unitranche secured loans as senior secured loans. The Company obtains security interests in the assets of these portfolio companies that serve as collateral in support of the repayment of these loans. This collateral may take the form of first-priority liens on the assets of a portfolio company. Generally, the Company syndicates a “first out” portion of the loan to an investor and retains a "last out” portion of the loan, in which case the “first out” portion of the loan will generally receive priority with respect to payments of principal, interest and any other amounts due thereunder. Unitranche structures combine characteristics of traditional first lien senior secured as well as second lien and subordinated loans and the Company’s unitranche secured loans will expose the Company to the risks associated with second lien and subordinated loans and may limit the Company’s recourse or ability to recover collateral upon a portfolio company’s bankruptcy. Unitranche secured loans typically provide for moderate loan amortization in the initial years of the facility, with the majority of the amortization deferred until loan maturity. Unitranche secured loans generally allow the borrower to make a large lump sum payment of principal at the end of the loan term, and there is a risk of loss if the borrower is unable to pay the lump sum or refinance the amount owed at maturity. In many cases the Company, together with its affiliates, are the sole or majority lender of these unitranche secured loans, which can afford the Company additional influence with a borrower in terms of monitoring and, if necessary, remediation in the event of underperformance. Ownership of certain equity investments may occur through a holding company or partnership. Represents less than 5% ownership of the portfolio company’s voting securities. As defined in the 1940 Act, the Company is deemed to be an “Affiliated Person” of the portfolio company as it owns 5% or more of the portfolio company’s voting securities. See Note 5 in the accompanying notes to the consolidated financial statements for additional information on transactions in which the issuer was an Affiliated Person (but not a portfolio company that the Company is deemed to control). Note 5 in the accompanying notes to the consolidated financial statements for additional information on transactions in which the issuer was both an Affiliated Person and a portfolio company that the Company is deemed to Control. The majority of the investments bear interest at a rate that may be determined by reference to the London Interbank Offered Rate (“LIBOR” or “L”), Prime Rate (“Prime” or “P”), or Secured Overnight Financing Rate ("SOFR" or "SF") which reset daily, monthly, quarterly, or semiannually. For each such investment, the Company has provided the spread over LIBOR, Prime, or SOFR and the current contractual interest rate in effect at December 31, 2022 . Certain investments may be subject to an interest rate floor or rate cap. Certain investments contain a Payment-in-Kind (“PIK”) provision. All or a portion of this commitment was unfunded at December 31, 2023. As such, interest is earned only on the funded portion of this commitment. This delayed draw loan requires that certain financial covenants be met by the portfolio company prior to any fundings. This investment is treated as a non-qualifying investment under Section 55(a) of the 1940 Act. Under the 1940 Act, the Company may not acquire any non-qualifying asset unless, at the time the acquisition is made, qualifying assets represent at least 70% of the Company’s total assets. As of December 31, 2023, non-qualifying assets totaled 23.6% of the Company’s total assets. Note 4 in the accompanying notes to the consolidated financial statements. The fair value of this investment was valued using Level 1 inputs. See Note 4 in the accompanying notes to the consolidated financial statements. This investment is treated as a non-qualifying investment under Section 55(a) of the 1940 Act. Under the 1940 Act, the Company may not acquire any non-qualifying asset unless, at the time the acquisition is made, qualifying assets represent at least 70% of the Company’s total assets. As of December 31, 2022, non-qualifying assets totaled 24.7% of the Company’s total assets. Note 2 in the accompanying notes to the consolidated financial statements for additional information on the Company’s accounting policies. Investment is held by a taxable subsidiary of the Company. See Note 2 in the accompanying notes to the consolidated financial statements for additional information on the Company’s wholly-owned taxable subsidiaries. Investment is held by a taxable subsidiary of the Company. See Note 2 in the accompanying notes to the consolidated financial statements for additional information on the Company’s wholly-owned taxable subsidiaries. This position was on non-accrual status as of December 31, 2022, meaning that the Company has ceased accruing interest income on the position. See Note 2 in the accompanying notes to the consolidated financial statements for additional information on the Company’s accounting policies. During the year ended December 31, 2022, Curion Holdings, LLC (“Curion”) sold the underlying operating company and repaid the Company’s debt investment. The remaining fair value at December 31, 2022 represents the remaining expected escrow proceeds associated with the sale. The Company continues to hold an equity investment in Curion that is valued at zero at December 31, 2022. This investment is a non-income producing security. As of December 31, 2022, the Company was party to a subscription agreement with a commitment to fund an additional equity investment of $183. The Company restructured its investments in HFZ Capital Group LLC (“HFZ”) and HFZ Member RB portfolio, LLC (“Member RB”) during 2020. As part of the restructuring of HFZ, the Company obtained a 15.9% equity interest in MC Asset Management (Corporate), LLC (“Corporate”). As part of the Member RB restructuring, the Company exchanged its loan in Member RB for a promissory note in MC Asset Management (Industrial), LLC (“Industrial”). Corporate owns 100% of the equity of Industrial. In conjunction with these restructurings, the Company participated $4,758 of principal of its loan to HFZ as an equity contribution to Industrial. This participation did not qualify for sale accounting under ASC Topic 860–Transfers and Servicing because the sale did not meet the definition of a “participating interest”, as defined in the guidance, in order for sale treatment to be allowed. As a result, the Company continues to reflect its full investment in HFZ but has split the loan into two investments. As of December 31, 2022, the Company was party to a subscription agreement with a commitment to fund an equity investment of $43. This is an international company. During 2021, the Company sold its investment in Luxury Optical Holdings Co. The remaining fair value at December 31, 2022 represents the remaining expected escrow proceeds associated with the sale. This loan is denominated in Australian dollars and is translated into U.S. dollars as of the valuation date. As of December 31, 2022, the Company was party to a subscription agreement with a commitment to fund an additional equity investment of $16. During 2020, an arbitrator issued a final award in favor of the estate of Rockdale Blackhawk, LLC (the “Estate”) in the legal proceeding between the Estate and a national insurance carrier. The Company's share of the net proceeds from the award exceeded the contractual obligations due to the Company as a result of the Company’s right to receive excess proceeds pursuant to the terms of a sharing agreement between the lenders and the Estate. This investment is a non-income producing security. This investment represents a note convertible to preferred shares of the borrower. |
CONSOLIDATED SCHEDULE OF INVE_2
CONSOLIDATED SCHEDULE OF INVESTMENTS (Parenthetical) - USD ($) | 12 Months Ended | ||||||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | ||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 81 | ||||||
Company investments as percentage of net assets | 240.40% | ||||||
Company investments as percentage of total assets | 95.20% | 95.80% | |||||
Net assets | $ 203,724,000 | $ 225,019,000 | $ 249,471,000 | $ 234,434,000 | |||
Qualifying assets as percentage of total assets | 70% | ||||||
Non-qualifying assets as percentage of total assets | 23.60% | 24.70% | |||||
Amortized cost | $ 510,876,000 | [1] | $ 579,307,000 | [2] | |||
Investments, at fair value | $ 488,386,000 | [1],[3] | $ 541,040,000 | [2],[4] | |||
% of net assets | 239.70% | [1],[5] | 240.40% | [2],[6] | |||
MC Asset Management (Corporate), LLC ("Corporate"). | MC Asset Management (Corporate), LLC ("Corporate"). | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Percentage of equity interest of parent | 15.90% | ||||||
MC Asset Management (Industrial), LLC ("Industrial"). | MC Asset Management (Corporate), LLC ("Corporate"). | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Percentage of equity interest of parent | 100% | ||||||
HFZ Capital Group LLC | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Equity contribution | $ 4,758,000 | ||||||
Curion Holdings, LLC | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Equity contribution | $ 0 | ||||||
Familia Dental Group Holdings, LLC | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Company investments as percentage of net assets | 239.70% | ||||||
Commitment to fund equity investment | 183,000 | ||||||
Vice OldCo | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Investments, at fair value | $ 0 | ||||||
Recorded Future, Inc. | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Commitment to fund equity investment | 16,000 | 16,000 | |||||
V10 Entertainment, Inc. | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Commitment to fund equity investment | 189,000 | ||||||
IDIG Parent, LLC | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Commitment to fund equity investment | $ 43,000 | $ 43,000 | |||||
Investment, Identifier [Axis]: APCO Worldwide, Inc, Equity Securities, Class A voting common stock | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 100 | ||||||
Amortized cost | $ 395,000 | ||||||
Investments, at fair value | [4] | $ 921,000 | |||||
% of net assets | [6] | 0.40% | |||||
Investment, Identifier [Axis]: APCO Worldwide, Inc., Equity Securities, Class A voting common stock | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 100 | ||||||
Amortized cost | $ 395,000 | ||||||
Investments, at fair value | [3] | $ 869,000 | |||||
% of net assets | [5] | 0.40% | |||||
Investment, Identifier [Axis]: ASG II, LLC, Unitranche Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 1,900,000 | $ 1,900,000 | |||||
Amortized cost | 1,869,000 | 1,865,000 | |||||
Investments, at fair value | $ 1,900,000 | [3] | $ 1,900,000 | [4] | |||
% of net assets | 0.90% | [5] | 0.90% | [6] | |||
Investment, Identifier [Axis]: ASG II, LLC, Unitranche Secured Loans, Delayed Draw | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 285,000 | [7],[8] | $ 285,000 | [9],[10] | |||
Amortized cost | 171,000 | [7],[8] | 51,000 | [9],[10] | |||
Investments, at fair value | $ 171,000 | [3],[7],[8] | $ 51,000 | [4],[9],[10] | |||
% of net assets | 0.10% | [5],[7],[8] | 0% | [6],[9],[10] | |||
Investment, Identifier [Axis]: AdTheorent Holding Company, Inc, Equity Securities, Common stock | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | [11],[12] | 177,362 | |||||
Amortized cost | [11],[12] | $ 114,000 | |||||
Investments, at fair value | [3],[11],[12] | $ 257,000 | |||||
% of net assets | [5],[11],[12] | 0.10% | |||||
Investment, Identifier [Axis]: AdTheorent Holding Company, Inc., Equity Securities, Common stock | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | [13],[14] | 177,362 | |||||
Amortized cost | [13],[14] | $ 114,000 | |||||
Investments, at fair value | [4],[13],[14] | $ 294,000 | |||||
% of net assets | [6],[13],[14] | 0.20% | |||||
Investment, Identifier [Axis]: Amelia Holding II, LLC , Senior Secured Loans, Delayed Draw | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | [7],[8] | 1% | |||||
Principal | [7],[8] | $ 668,000 | |||||
Amortized cost | [7],[8] | 508,000 | |||||
Investments, at fair value | [3],[7],[8] | $ 510,000 | |||||
% of net assets | [5],[7],[8] | 0.30% | |||||
Investment, Identifier [Axis]: Amelia Holding II, LLC, Equity Securities, Warrant | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Warrants to purchase percentage of equity | 0.10% | ||||||
Percentage of interests | 0.10% | ||||||
Amortized cost | $ 0 | $ 0 | |||||
Investments, at fair value | $ 29,000 | [3] | $ 0 | [4] | |||
% of net assets | 0% | [5] | 0% | [6] | |||
Investment, Identifier [Axis]: Amelia Holding II, LLC, Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 1% | 1% | |||||
Principal | $ 2,021,000 | $ 2,000,000 | |||||
Amortized cost | 1,970,000 | 1,940,000 | |||||
Investments, at fair value | $ 2,028,000 | [3] | $ 1,940,000 | [4] | |||
% of net assets | 1% | [5] | 0.90% | [6] | |||
Investment, Identifier [Axis]: Amelia Holding II, LLC, Senior Secured Loans, Delayed Draw | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | [9],[10] | 1% | |||||
Principal | [9],[10] | $ 667,000 | |||||
Amortized cost | [9],[10] | 0 | |||||
Investments, at fair value | [4],[9],[10] | $ 0 | |||||
% of net assets | [6],[9],[10] | 0% | |||||
Investment, Identifier [Axis]: Amelia Holding II, LLC, Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 1% | [7] | 1% | [9] | |||
Principal | $ 133,000 | [7] | $ 133,000 | [9] | |||
Amortized cost | 27,000 | [7] | 0 | [9] | |||
Investments, at fair value | $ 27,000 | [3],[7] | $ 0 | [4],[9] | |||
% of net assets | 0% | [5],[7] | 0% | [6],[9] | |||
Investment, Identifier [Axis]: American Broadband and Telecommunications Company LLC, Equity Securities, Warrant | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Warrants to purchase percentage of equity | 0.20% | ||||||
Amortized cost | $ 42,000 | ||||||
Investments, at fair value | [4] | $ 69,000 | |||||
% of net assets | [6] | 0% | |||||
Investment, Identifier [Axis]: American Broadband and Telecommunications Company LLC, Senior Secured Loans, Delayed Draw | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 2% | [7],[8] | 2% | [9],[10] | |||
Principal | $ 1,377,000 | [7],[8] | $ 1,689,000 | [9],[10] | |||
Amortized cost | 1,266,000 | [7],[8] | 1,521,000 | [9],[10] | |||
Investments, at fair value | $ 1,430,000 | [3],[7],[8] | $ 1,539,000 | [4],[9],[10] | |||
% of net assets | 0.70% | [5],[7],[8] | 0.70% | [6],[9],[10] | |||
Investment, Identifier [Axis]: American Broadband and Telecommunications Company LLC, Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 2% | [7] | 2% | [9] | |||
Principal | $ 500,000 | [7] | $ 500,000 | [9] | |||
Amortized cost | 124,000 | [7] | 121,000 | [9] | |||
Investments, at fair value | $ 124,000 | [3],[7] | $ 118,000 | [4],[9] | |||
% of net assets | 0.10% | [5],[7] | 0% | [6],[9] | |||
Investment, Identifier [Axis]: American Broadband and Telecommunications Company LLC, Warrants | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Warrants to purchase percentage of equity | 0.20% | ||||||
Amortized cost | $ 42,000 | ||||||
Investments, at fair value | [3] | $ 49,000 | |||||
% of net assets | [5] | 0% | |||||
Investment, Identifier [Axis]: American Community Homes, Inc, Equity Securities, Common stock | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 4,940 | ||||||
Amortized cost | $ 0 | ||||||
Investments, at fair value | [4] | $ 0 | |||||
% of net assets | [6] | 0% | |||||
Investment, Identifier [Axis]: American Community Homes, Inc. (Revolver) | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Investments, at fair value | $ 0 | $ 0 | 0 | ||||
Investment, Identifier [Axis]: American Community Homes, Inc. , Senior Secured Loans3 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 12.44% | ||||||
Principal | $ 682,000 | ||||||
Amortized cost | 682,000 | ||||||
Investments, at fair value | [4] | $ 543,000 | |||||
% of net assets | [6] | 0.20% | |||||
Investment, Identifier [Axis]: American Community Homes, Inc. 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Investments, at fair value | $ 8,953,000 | 10,457,000 | |||||
Investment, Identifier [Axis]: American Community Homes, Inc. 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Investments, at fair value | 4,258,000 | 4,753,000 | |||||
Investment, Identifier [Axis]: American Community Homes, Inc. 3 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Investments, at fair value | 543,000 | 634,000 | |||||
Investment, Identifier [Axis]: American Community Homes, Inc. 4 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Investments, at fair value | 1,996,000 | 3,164,000 | |||||
Investment, Identifier [Axis]: American Community Homes, Inc. 5 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Investments, at fair value | 3,694,000 | 4,357,000 | |||||
Investment, Identifier [Axis]: American Community Homes, Inc. 6 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Investments, at fair value | 17,000 | 20,000 | |||||
Investment, Identifier [Axis]: American Community Homes, Inc. 7 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Investments, at fair value | $ 85,000 | 99,000 | |||||
Investment, Identifier [Axis]: American Community Homes, Inc. Common stock | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 4,940 | ||||||
Investments, at fair value | $ 0 | 0 | |||||
Investment, Identifier [Axis]: American Community Homes, Inc. common stock | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 4,940 | ||||||
Investments, at fair value | $ 0 | 0 | |||||
Investment, Identifier [Axis]: American Community Homes, Inc., Equity Securities, Common stock | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 4,940 | ||||||
Amortized cost | $ 0 | ||||||
Investments, at fair value | [3] | $ 0 | |||||
% of net assets | [5] | 0% | |||||
Investment, Identifier [Axis]: American Community Homes, Inc., Senior Secured Loans 4 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Investments, at fair value | $ 1,808,000 | $ 1,996,000 | |||||
Investment, Identifier [Axis]: American Community Homes, Inc., Senior Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 7.47% | 12.44% | |||||
Principal | $ 12,648,000 | $ 11,246,000 | |||||
Amortized cost | 12,647,000 | 11,246,000 | |||||
Investments, at fair value | $ 8,110,000 | [3] | $ 8,953,000 | [4] | |||
% of net assets | 4% | [5] | 4% | [6] | |||
Investment, Identifier [Axis]: American Community Homes, Inc., Senior Secured Loans 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 7.47% | 18.94% | |||||
Principal | $ 6,223,000 | $ 5,348,000 | |||||
Amortized cost | 6,223,000 | 5,348,000 | |||||
Investments, at fair value | $ 3,990,000 | [3] | $ 4,258,000 | [4] | |||
% of net assets | 2% | [5] | 1.90% | [6] | |||
Investment, Identifier [Axis]: American Community Homes, Inc., Senior Secured Loans 3 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 7.47% | ||||||
Principal | $ 767,000 | ||||||
Amortized cost | 766,000 | ||||||
Investments, at fair value | $ 491,000 | [3] | $ 543,000 | ||||
% of net assets | [5] | 0.20% | |||||
Investment, Identifier [Axis]: American Community Homes, Inc., Senior Secured Loans 4 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 7.47% | 12.44% | |||||
Principal | $ 2,819,000 | $ 2,507,000 | |||||
Amortized cost | 2,819,000 | 2,507,000 | |||||
Investments, at fair value | $ 1,808,000 | [3] | $ 1,996,000 | [4] | |||
% of net assets | 0.90% | [5] | 0.90% | [6] | |||
Investment, Identifier [Axis]: American Community Homes, Inc., Senior Secured Loans 5 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 7.47% | 12.44% | |||||
Principal | $ 5,219,000 | $ 4,640,000 | |||||
Amortized cost | 5,219,000 | 4,640,000 | |||||
Investments, at fair value | $ 3,347,000 | [3] | $ 3,694,000 | [4] | |||
% of net assets | 1.60% | [5] | 1.70% | [6] | |||
Investment, Identifier [Axis]: American Community Homes, Inc., Senior Secured Loans 6 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 7.47% | 12.44% | |||||
Principal | $ 25,000 | $ 22,000 | |||||
Amortized cost | 25,000 | 22,000 | |||||
Investments, at fair value | $ 16,000 | [3] | $ 17,000 | [4] | |||
% of net assets | 0% | [5] | 0% | [6] | |||
Investment, Identifier [Axis]: American Community Homes, Inc., Senior Secured Loans 7 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 7.47% | 12.44% | |||||
Principal | $ 120,000 | $ 106,000 | |||||
Amortized cost | 120,000 | 106,000 | |||||
Investments, at fair value | $ 77,000 | [3] | $ 85,000 | [4] | |||
% of net assets | 0% | [5] | 0% | [6] | |||
Investment, Identifier [Axis]: American Community Homes, Inc., Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 7.47% | [7] | 12.44% | [9] | |||
Principal | $ 2,500,000 | [7] | $ 2,500,000 | [9] | |||
Amortized cost | 0 | [7] | 0 | [9] | |||
Investments, at fair value | $ 0 | [3],[7] | $ 0 | [4],[9] | |||
% of net assets | 0% | [5],[7] | 0% | [6],[9] | |||
Investment, Identifier [Axis]: American Community Homes, Inc., Warrant | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Percentage of interests | 22.30% | ||||||
Investments, at fair value | $ 0 | 264,000 | |||||
Investment, Identifier [Axis]: Aras Corporation | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 3.25% | ||||||
Principal | $ 2,233,000 | ||||||
Amortized cost | 2,214,000 | ||||||
Investments, at fair value | [3] | $ 2,250,000 | |||||
% of net assets | [5] | 1.10% | |||||
Investment, Identifier [Axis]: Aras Corporation (Revolver) | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [7] | $ 150,000 | |||||
Amortized cost | [7] | 130,000 | |||||
Investments, at fair value | [3],[7] | $ 130,000 | |||||
% of net assets | [5],[7] | 0.10% | |||||
Investment, Identifier [Axis]: Aras Corporation, Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 3.75% | ||||||
Principal | $ 2,155,000 | ||||||
Amortized cost | 2,127,000 | ||||||
Investments, at fair value | [4] | $ 2,167,000 | |||||
% of net assets | [6] | 1% | |||||
Investment, Identifier [Axis]: Aras Corporation, Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [9] | $ 150,000 | |||||
Amortized cost | [9] | 50,000 | |||||
Investments, at fair value | [4],[9] | $ 50,000 | |||||
% of net assets | [6],[9] | 0% | |||||
Investment, Identifier [Axis]: Arcstor Midco, LLC, Junior Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | [15] | 13.21% | |||||
Principal | $ 4,572,000 | ||||||
Amortized cost | 4,482,000 | ||||||
Investments, at fair value | [3] | $ 2,185,000 | |||||
% of net assets | [5] | 1.10% | |||||
Investment, Identifier [Axis]: Arcstor Midco, LLC, Junior Secured Loans 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | [15] | 13.46% | |||||
Principal | $ 155,000 | ||||||
Amortized cost | 150,000 | ||||||
Investments, at fair value | [3] | $ 155,000 | |||||
% of net assets | [5] | 0.10% | |||||
Investment, Identifier [Axis]: Arcstor Midco, LLC, Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 13.46% | [15] | 3.75% | ||||
Principal | $ 155,000 | $ 4,528,000 | |||||
Amortized cost | 150,000 | 4,461,000 | |||||
Investments, at fair value | $ 155,000 | [3] | $ 4,122,000 | [4] | |||
% of net assets | 0.10% | [5] | 1.80% | [6] | |||
Investment, Identifier [Axis]: Ascent Midco, L L C, Class A units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 2,032,258 | ||||||
Investments, at fair value | $ 1,932,000 | $ 1,969,000 | |||||
Investment, Identifier [Axis]: Ascent Midco, L L C, Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Investments, at fair value | 0 | 6,217,000 | |||||
Investment, Identifier [Axis]: Ascent Midco, LLC (Revolver) | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Investments, at fair value | $ 0 | $ 0 | 0 | ||||
Investment, Identifier [Axis]: Ascent Midco, LLC, Class A units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 2,032,258 | ||||||
Investments, at fair value | $ 1,969,000 | 2,554,000 | |||||
Investment, Identifier [Axis]: Ascent Midco, LLC, Equity Securities, Class A units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 2,032,258 | [16] | 2,032,258 | [17] | |||
Interest rate paid in kind | 8% | [16] | 8% | [17] | |||
Amortized cost | $ 2,032,000 | [16] | $ 2,032,000 | [17] | |||
Investments, at fair value | $ 1,932,000 | [3],[16] | $ 1,969,000 | [4],[17] | |||
% of net assets | 0.90% | [5],[16] | 0.90% | [6],[17] | |||
Investment, Identifier [Axis]: Ascent Midco, LLC, Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 6,217,000 | ||||||
Amortized cost | 6,159,000 | ||||||
Investments, at fair value | $ 6,217,000 | [4] | 6,392,000 | ||||
% of net assets | [6] | 2.80% | |||||
Investment, Identifier [Axis]: Ascent Midco, LLC, Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [9] | $ 1,129,000 | |||||
Amortized cost | [9] | 0 | |||||
Investments, at fair value | [4],[9] | $ 0 | |||||
% of net assets | [6],[9] | 0% | |||||
Investment, Identifier [Axis]: Attom Intermediate Holdco, LLC, Equity Securities, Class A units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 297,197 | [16] | 297,197 | [17] | |||
Amortized cost | $ 297,000 | [16] | $ 297,000 | [17] | |||
Investments, at fair value | $ 362,000 | [3],[16] | $ 522,000 | [4],[17] | |||
% of net assets | 0.20% | [5],[16] | 0.20% | [6],[17] | |||
Investment, Identifier [Axis]: Attom Intermediate Holdco, LLC, Senior Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 1,900,000 | $ 1,920,000 | |||||
Amortized cost | 1,900,000 | 1,911,000 | |||||
Investments, at fair value | $ 1,870,000 | [3] | $ 1,915,000 | [4] | |||
% of net assets | 0.90% | [5] | 0.90% | [6] | |||
Investment, Identifier [Axis]: Attom Intermediate Holdco, LLC, Senior Secured Loans 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 463,000 | $ 468,000 | |||||
Amortized cost | 463,000 | 465,000 | |||||
Investments, at fair value | $ 456,000 | [3] | $ 467,000 | [4] | |||
% of net assets | 0.20% | [5] | 0.20% | [6] | |||
Investment, Identifier [Axis]: Attom Intermediate Holdco, LLC, Senior Secured Loans 3 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 273,000 | $ 276,000 | |||||
Amortized cost | 270,000 | 272,000 | |||||
Investments, at fair value | $ 269,000 | [3] | $ 275,000 | [4] | |||
% of net assets | 0.10% | [5] | 0.10% | [6] | |||
Investment, Identifier [Axis]: Attom Intermediate Holdco, LLC, Senior Secured Loans 4 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 788,000 | $ 796,000 | |||||
Amortized cost | 788,000 | 784,000 | |||||
Investments, at fair value | $ 775,000 | [3] | $ 794,000 | [4] | |||
% of net assets | 0.40% | [5] | 0.30% | [6] | |||
Investment, Identifier [Axis]: Attom Intermediate Holdco, LLC, Senior Secured Loans 5 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 398,000 | $ 400,000 | |||||
Amortized cost | 390,000 | 388,000 | |||||
Investments, at fair value | $ 392,000 | [3] | $ 399,000 | [4] | |||
% of net assets | 0.20% | [5] | 0.20% | [6] | |||
Investment, Identifier [Axis]: Attom Intermediate Holdco, LLC, Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 320,000 | [7] | $ 320,000 | [9] | |||
Amortized cost | 216,000 | [7] | 0 | [9] | |||
Investments, at fair value | $ 213,000 | [3],[7] | $ 0 | [4],[9] | |||
% of net assets | 0.10% | [5],[7] | 0% | [6],[9] | |||
Investment, Identifier [Axis]: Avalara, Inc., Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 4,000,000 | $ 4,000,000 | |||||
Amortized cost | 3,915,000 | 3,902,000 | |||||
Investments, at fair value | $ 4,040,000 | [3] | $ 3,900,000 | [4] | |||
% of net assets | 2% | [5] | 1.70% | [6] | |||
Investment, Identifier [Axis]: Avalara, Inc., Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 400,000 | [7] | $ 400,000 | [9] | |||
Amortized cost | 0 | [7] | 0 | [9] | |||
Investments, at fair value | $ 0 | [3],[7] | $ 0 | [4],[9] | |||
% of net assets | 0% | [5],[7] | 0% | [6],[9] | |||
Investment, Identifier [Axis]: BLST Operating Company, LLC, Equity Securities, Class A units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 139,883 | [16] | 139,883 | [17] | |||
Amortized cost | $ 712,000 | [16] | $ 712,000 | [17] | |||
Investments, at fair value | $ 420,000 | [3],[16] | $ 420,000 | [4],[17] | |||
% of net assets | 0.20% | [5],[16] | 0.20% | [6],[17] | |||
Investment, Identifier [Axis]: BLST Operating Company, LLC, Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 12.96% | ||||||
Principal | $ 660,000 | $ 588,000 | |||||
Amortized cost | 423,000 | 351,000 | |||||
Investments, at fair value | $ 620,000 | [3] | $ 571,000 | [4] | |||
% of net assets | 0.30% | [5] | 0.20% | [6] | |||
Investment, Identifier [Axis]: Bluesight, Inc. , Equity Securities, Class B common units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 11,087 | ||||||
Amortized cost | $ 0 | ||||||
Investments, at fair value | [3] | $ 0 | |||||
% of net assets | [5] | 0% | |||||
Investment, Identifier [Axis]: Bluesight, Inc., Equity Securities, Class A preferred units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 21 | ||||||
Interest rate paid in kind | 900% | ||||||
Amortized cost | $ 21,000 | ||||||
Investments, at fair value | [3] | $ 19,000 | |||||
% of net assets | [5] | 0% | |||||
Investment, Identifier [Axis]: Bluesight, Inc., Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 2,000,000 | ||||||
Amortized cost | 1,942,000 | ||||||
Investments, at fair value | [3] | $ 1,996,000 | |||||
% of net assets | [5] | 1% | |||||
Investment, Identifier [Axis]: Bluesight, Inc., Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [7] | $ 174,000 | |||||
Amortized cost | [7] | 0 | |||||
Investments, at fair value | [3],[7] | $ 0 | |||||
% of net assets | [5],[7] | 0% | |||||
Investment, Identifier [Axis]: Bonterra, LLC (fka Cybergrants Holdings), Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 13,195,000 | ||||||
Amortized cost | 13,042,000 | ||||||
Investments, at fair value | [4] | $ 12,898,000 | |||||
% of net assets | [6] | 5.70% | |||||
Investment, Identifier [Axis]: Bonterra, LLC (fka Cybergrants Holdings), Senior Secured Loans, Delayed Draw | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [9],[10] | $ 1,906,000 | |||||
Amortized cost | [9],[10] | 0 | |||||
Investments, at fair value | [4],[9],[10] | $ 0 | |||||
% of net assets | [6],[9],[10] | 0% | |||||
Investment, Identifier [Axis]: Bonterra, LLC (fka Cybergrants Holdings), Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [9] | $ 1,069,000 | |||||
Amortized cost | [9] | 397,000 | |||||
Investments, at fair value | [4],[9] | $ 389,000 | |||||
% of net assets | [6],[9] | 0.20% | |||||
Investment, Identifier [Axis]: Bonterra, LLC, Senior Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 13,437,000 | ||||||
Amortized cost | 13,310,000 | ||||||
Investments, at fair value | [3] | $ 13,185,000 | |||||
% of net assets | [5] | 6.50% | |||||
Investment, Identifier [Axis]: Bonterra, LLC, Senior Secured Loans 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 13.35% | ||||||
Principal | $ 1,968,000 | ||||||
Amortized cost | 1,941,000 | ||||||
Investments, at fair value | [3] | $ 1,975,000 | |||||
% of net assets | [5] | 1% | |||||
Investment, Identifier [Axis]: Bonterra, LLC, Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [7] | $ 1,069,000 | |||||
Amortized cost | [7] | 321,000 | |||||
Investments, at fair value | [3],[7] | $ 315,000 | |||||
% of net assets | [5],[7] | 0.20% | |||||
Investment, Identifier [Axis]: Born To Run, LLC, Equity Securities, Class A units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 269,438 | 269,438 | |||||
Amortized cost | $ 269,000 | $ 269,000 | |||||
Investments, at fair value | $ 0 | [3] | $ 233,000 | [4] | |||
% of net assets | 0% | [5] | 0.10% | [6] | |||
Investment, Identifier [Axis]: Born To Run, LLC, Senior Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 3,430,000 | $ 3,448,000 | |||||
Amortized cost | 3,387,000 | 3,395,000 | |||||
Investments, at fair value | $ 2,565,000 | [3] | $ 3,318,000 | [4] | |||
% of net assets | 1.30% | [5] | 1.50% | [6] | |||
Investment, Identifier [Axis]: Born To Run, LLC, Senior Secured Loans 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 467,000 | $ 470,000 | |||||
Amortized cost | 467,000 | 470,000 | |||||
Investments, at fair value | $ 349,000 | [3] | $ 452,000 | [4] | |||
% of net assets | 0.20% | [5] | 0.20% | [6] | |||
Investment, Identifier [Axis]: Brickell Bay Acquisition Corp., Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 1,861,000 | $ 1,880,000 | |||||
Amortized cost | 1,836,000 | 1,850,000 | |||||
Investments, at fair value | $ 1,861,000 | [3] | $ 1,847,000 | [4] | |||
% of net assets | 0.90% | [5] | 0.80% | [6] | |||
Investment, Identifier [Axis]: Burroughs, Inc. | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 4,901,000 | ||||||
Amortized cost | 4,901,000 | ||||||
Investments, at fair value | [3] | $ 4,901,000 | |||||
% of net assets | [5] | 2.40% | |||||
Investment, Identifier [Axis]: Burroughs, Inc. (Revolver) | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 1,215,000 | ||||||
Amortized cost | 1,215,000 | ||||||
Investments, at fair value | [3] | $ 1,215,000 | |||||
% of net assets | [5] | 0.60% | |||||
Investment, Identifier [Axis]: Burroughs, Inc., Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 5,201,000 | ||||||
Amortized cost | 5,201,000 | ||||||
Investments, at fair value | [4] | $ 5,201,000 | |||||
% of net assets | [6] | 2.30% | |||||
Investment, Identifier [Axis]: Burroughs, Inc., Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [9] | $ 1,215,000 | |||||
Amortized cost | [9] | 0 | |||||
Investments, at fair value | [4],[9] | $ 0 | |||||
% of net assets | [6],[9] | 0% | |||||
Investment, Identifier [Axis]: C Parent Holdings, LLC. | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Investments, at fair value | $ 0 | $ 146,000 | |||||
Investment, Identifier [Axis]: C Parent Holdings, LLC. (fka Curion Holdings, LLC) | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Investments, at fair value | 146,000 | 4,561,000 | |||||
Investment, Identifier [Axis]: C Parent Holdings, LLC. (fka Curion Holdings, LLC) (Junior secured loan) 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Investments, at fair value | 0 | 0 | |||||
Investment, Identifier [Axis]: C Parent Holdings, LLC. (fka Curion Holdings, LLC) (Junior secured loan) 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Investments, at fair value | 0 | 0 | |||||
Investment, Identifier [Axis]: C Parent Holdings, LLC. (fka Curion Holdings, LLC) (Revolver) | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Investments, at fair value | $ 0 | 550,000 | |||||
Investment, Identifier [Axis]: C Parent Holdings, LLC. (fka Curion Holdings, LLC) Common stock | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 58,779 | ||||||
Investments, at fair value | $ 0 | 0 | |||||
Investment, Identifier [Axis]: C Parent Holdings, LLC. (fka Curion Holdings, LLC), Equity Securities, Common stock | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | [18] | 58,779 | |||||
Amortized cost | [18] | $ 0 | |||||
Investments, at fair value | [4],[18] | $ 0 | |||||
% of net assets | [6],[18] | 0% | |||||
Investment, Identifier [Axis]: C Parent Holdings, LLC. (fka Curion Holdings, LLC), Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [18] | $ 0 | |||||
Amortized cost | [18] | 0 | |||||
Investments, at fair value | [4],[18] | $ 146,000 | |||||
% of net assets | [6],[18] | 0.10% | |||||
Investment, Identifier [Axis]: C Parent Holdings, LLC. Common stock | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 58,779 | ||||||
Investments, at fair value | $ 0 | $ 0 | |||||
Investment, Identifier [Axis]: CGI Automated Manufacturing, LLC, Senior Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | 3,875,000 | 3,975,000 | |||||
Amortized cost | 3,789,000 | 3,863,000 | |||||
Investments, at fair value | $ 3,802,000 | [3] | $ 3,975,000 | [4] | |||
% of net assets | 1.90% | [5] | 1.80% | [6] | |||
Investment, Identifier [Axis]: CGI Automated Manufacturing, LLC, Senior Secured Loans 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 1,112,000 | $ 1,141,000 | |||||
Amortized cost | 1,091,000 | 1,114,000 | |||||
Investments, at fair value | $ 1,091,000 | [3] | $ 1,141,000 | [4] | |||
% of net assets | 0.50% | [5] | 0.50% | [6] | |||
Investment, Identifier [Axis]: Calabrio, Inc., Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 3,400,000 | $ 3,400,000 | |||||
Amortized cost | 3,346,000 | 3,334,000 | |||||
Investments, at fair value | $ 3,421,000 | [3] | $ 3,379,000 | [4] | |||
% of net assets | 1.70% | [5] | 1.50% | [6] | |||
Investment, Identifier [Axis]: Calabrio, Inc., Senior Secured Loans, Delayed Draw | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [7],[8] | $ 499,000 | |||||
Amortized cost | [7],[8] | 0 | |||||
Investments, at fair value | [3],[7],[8] | $ 0 | |||||
% of net assets | [5],[7],[8] | 0% | |||||
Investment, Identifier [Axis]: Calabrio, Inc., Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 409,000 | [7] | $ 409,000 | [9] | |||
Amortized cost | 234,000 | [7] | 234,000 | [9] | |||
Investments, at fair value | $ 234,000 | [3],[7] | $ 233,000 | [4],[9] | |||
% of net assets | 0.10% | [5],[7] | 0.10% | [6],[9] | |||
Investment, Identifier [Axis]: California Pizza Kitchen, Inc., Equity Securities, Common units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 78,699 | ||||||
Amortized cost | $ 5,468,000 | ||||||
Investments, at fair value | [4] | $ 1,266,000 | |||||
% of net assets | [6] | 0.60% | |||||
Investment, Identifier [Axis]: Caravel Autism Health, LLC, Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 3% | ||||||
Principal | $ 5,016,000 | ||||||
Amortized cost | 4,935,000 | ||||||
Investments, at fair value | [4] | $ 4,630,000 | |||||
% of net assets | [6] | 2.10% | |||||
Investment, Identifier [Axis]: Caravel Autism Health, LLC, Senior Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 5,012,000 | ||||||
Amortized cost | 4,946,000 | ||||||
Investments, at fair value | [3] | $ 4,969,000 | |||||
% of net assets | [5] | 2.40% | |||||
Investment, Identifier [Axis]: Caravel Autism Health, LLC, Senior Secured Loans 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 1,392,000 | ||||||
Amortized cost | 1,392,000 | ||||||
Investments, at fair value | [3] | $ 1,380,000 | |||||
% of net assets | [5] | 0.70% | |||||
Investment, Identifier [Axis]: Caravel Autism Health, LLC, Senior Secured Loans Delayed Draw | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | [9],[10] | 3% | |||||
Principal | [9],[10] | $ 3,750,000 | |||||
Amortized cost | [9],[10] | 188,000 | |||||
Investments, at fair value | [4],[9],[10] | $ 173,000 | |||||
% of net assets | [6],[9],[10] | 0.10% | |||||
Investment, Identifier [Axis]: Caravel Autism Health, LLC, Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | [9] | 3% | |||||
Principal | $ 1,269,000 | [7] | $ 1,260,000 | [9] | |||
Amortized cost | 244,000 | [7] | 1,135,000 | [9] | |||
Investments, at fair value | $ 244,000 | [3],[7] | $ 1,048,000 | [4],[9] | |||
% of net assets | 0.10% | [5],[7] | 0.50% | [6],[9] | |||
Investment, Identifier [Axis]: Cassavant Holdings, LLC, Unitranche Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 7,876,000 | $ 7,580,000 | |||||
Amortized cost | 7,784,000 | 7,461,000 | |||||
Investments, at fair value | $ 7,876,000 | [3] | $ 7,436,000 | [4] | |||
% of net assets | 3.90% | [5] | 3.30% | [6] | |||
Investment, Identifier [Axis]: Centaur (Palm Beach) Owner LLC and Panther National Golf Club LLC, Senior Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 2,784,000 | [7] | $ 3,300,000 | ||||
Amortized cost | 2,755,000 | [7] | 3,245,000 | ||||
Investments, at fair value | $ 2,812,000 | [3],[7] | $ 3,296,000 | [4] | |||
% of net assets | 1.40% | [5],[7] | 1.50% | [6] | |||
Investment, Identifier [Axis]: Centaur (Palm Beach) Owner LLC and Panther National Golf Club LLC, Senior Secured Loans 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 285,000 | [11] | $ 337,000 | ||||
Amortized cost | 285,000 | [11] | 337,000 | ||||
Investments, at fair value | $ 287,000 | [3],[11] | $ 337,000 | [4] | |||
% of net assets | 0.10% | [5],[11] | 0.10% | [6] | |||
Investment, Identifier [Axis]: Centaur (Palm Beach) Owner LLC and Panther National Golf Club LLC, Senior Secured Loans, (Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [9],[14] | $ 1,653,000 | |||||
Amortized cost | [9],[14] | 720,000 | |||||
Investments, at fair value | [4],[9],[14] | $ 719,000 | |||||
% of net assets | [6],[9],[14] | 0.30% | |||||
Investment, Identifier [Axis]: Centaur (Palm Beach) Owner LLC and Panther National Golf Club LLC, Senior Secured Loans, Delayed Draw | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [7],[8],[11] | $ 837,000 | |||||
Amortized cost | [7],[8],[11] | 317,000 | |||||
Investments, at fair value | [3],[7],[8],[11] | $ 322,000 | |||||
% of net assets | [5],[7],[8],[11] | 0.10% | |||||
Investment, Identifier [Axis]: Centaur (Palm Beach) Owner LLC and Panther National Golf Club LLC, Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [7],[11] | $ 1,395,000 | |||||
Amortized cost | [7],[11] | 546,000 | |||||
Investments, at fair value | [3],[7],[11] | $ 546,000 | |||||
% of net assets | [5],[7],[11] | 0.30% | |||||
Investment, Identifier [Axis]: Chess.com, LLC, Equity Securities, Class A units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | [16] | 2 | |||||
Amortized cost | $ 87,000 | [16] | $ 87,000 | [17] | |||
Investments, at fair value | $ 75,000 | [3],[16] | $ 50,000 | [4],[17] | |||
% of net assets | 0% | [5],[16] | 0% | [6],[17] | |||
Investment, Identifier [Axis]: Chess.com, LLC, Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 5,895,000 | $ 5,955,000 | |||||
Amortized cost | 5,809,000 | 5,852,000 | |||||
Investments, at fair value | $ 5,873,000 | [3] | $ 5,866,000 | [4] | |||
% of net assets | 2.90% | [5] | 2.60% | [6] | |||
Investment, Identifier [Axis]: Chess.com, LLC, Senior Secured Loans Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [7] | $ 652,000 | |||||
Amortized cost | [7] | 0 | |||||
Investments, at fair value | [3],[7] | $ 0 | |||||
% of net assets | [5],[7] | 0% | |||||
Investment, Identifier [Axis]: Chess.com, LLC, Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [9] | $ 652,000 | |||||
Amortized cost | [9] | 0 | |||||
Investments, at fair value | [4],[9] | $ 0 | |||||
% of net assets | [6],[9] | 0% | |||||
Investment, Identifier [Axis]: Crownpeak Technology, Inc. , Senior Secured Loans1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 4,000,000 | ||||||
Amortized cost | 3,998,000 | ||||||
Investments, at fair value | [3] | $ 4,000,000 | |||||
% of net assets | [5] | 2% | |||||
Investment, Identifier [Axis]: Crownpeak Technology, Inc. , Senior Secured Loans3 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 60,000 | ||||||
Amortized cost | 60,000 | ||||||
Investments, at fair value | [4] | $ 60,000 | |||||
% of net assets | [6] | 0% | |||||
Investment, Identifier [Axis]: Crownpeak Technology, Inc. , Senior Secured Loans4 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 3,333,000 | ||||||
Amortized cost | 3,333,000 | ||||||
Investments, at fair value | [4] | $ 3,333,000 | |||||
% of net assets | [6] | 1.50% | |||||
Investment, Identifier [Axis]: Crownpeak Technology, Inc., Senior Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 4,000,000 | ||||||
Amortized cost | 3,979,000 | ||||||
Investments, at fair value | [4] | $ 4,000,000 | |||||
% of net assets | [6] | 1.80% | |||||
Investment, Identifier [Axis]: Crownpeak Technology, Inc., Senior Secured Loans 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 1,273,000 | $ 1,273,000 | |||||
Amortized cost | 1,260,000 | 1,252,000 | |||||
Investments, at fair value | $ 1,274,000 | [3] | $ 1,273,000 | [4] | |||
% of net assets | 0.60% | [5] | 0.60% | [6] | |||
Investment, Identifier [Axis]: Crownpeak Technology, Inc., Senior Secured Loans 3 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 60,000 | ||||||
Amortized cost | 60,000 | ||||||
Investments, at fair value | [3] | $ 60,000 | |||||
% of net assets | [5] | 0% | |||||
Investment, Identifier [Axis]: Crownpeak Technology, Inc., Senior Secured Loans 4 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 3,333,000 | ||||||
Amortized cost | 3,333,000 | ||||||
Investments, at fair value | [3] | $ 3,334,000 | |||||
% of net assets | [5] | 1.60% | |||||
Investment, Identifier [Axis]: Crownpeak Technology, Inc., Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 500,000 | [7] | $ 500,000 | [9] | |||
Amortized cost | 67,000 | [7] | 0 | [9] | |||
Investments, at fair value | $ 67,000 | [3],[7] | $ 0 | [4],[9] | |||
% of net assets | 0% | [5],[7] | 0% | [6],[9] | |||
Investment, Identifier [Axis]: Destination Media, Inc., Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 995,000 | $ 377,000 | |||||
Amortized cost | 963,000 | 377,000 | |||||
Investments, at fair value | $ 1,010,000 | [3] | $ 377,000 | [4] | |||
% of net assets | 0.50% | [5] | 0.20% | [6] | |||
Investment, Identifier [Axis]: Destination Media, Inc., Senior Secured Loans, Delayed Draw | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [7],[8] | $ 500,000 | |||||
Amortized cost | [7],[8] | 61,000 | |||||
Investments, at fair value | [3],[7],[8] | $ 62,000 | |||||
% of net assets | [5],[7],[8] | 0% | |||||
Investment, Identifier [Axis]: Destination Media, Inc., Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 103,000 | [7] | $ 542,000 | [9] | |||
Amortized cost | 21,000 | [7] | 0 | [9] | |||
Investments, at fair value | $ 21,000 | [3],[7] | $ 0 | [4],[9] | |||
% of net assets | 0% | [5],[7] | 0% | [6],[9] | |||
Investment, Identifier [Axis]: Dorado Acquisition, Inc., , Equity Securities, Class A-1 units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 189,922 | ||||||
Amortized cost | $ 207,000 | ||||||
Investments, at fair value | [4] | $ 215,000 | |||||
% of net assets | [6] | 0.10% | |||||
Investment, Identifier [Axis]: Dorado Acquisition, Inc., , Equity Securities, Class A-2 units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 189,922 | ||||||
Amortized cost | $ 0 | ||||||
Investments, at fair value | [4] | $ 224,000 | |||||
% of net assets | [6] | 0.10% | |||||
Investment, Identifier [Axis]: Dorado Acquisition, Inc., Equity Securities, Class A-1 units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 189,922 | ||||||
Amortized cost | $ 207,000 | ||||||
Investments, at fair value | [3] | $ 209,000 | |||||
% of net assets | [5] | 0.10% | |||||
Investment, Identifier [Axis]: Dorado Acquisition, Inc., Equity Securities, Class A-2 units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 189,922 | ||||||
Amortized cost | $ 0 | ||||||
Investments, at fair value | [3] | $ 32,000 | |||||
% of net assets | [5] | 0% | |||||
Investment, Identifier [Axis]: Dorado Acquisition, Inc., Senior Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 4,888,000 | $ 4,938,000 | |||||
Amortized cost | 4,831,000 | 4,862,000 | |||||
Investments, at fair value | $ 4,743,000 | [3] | $ 4,928,000 | [4] | |||
% of net assets | 2.30% | [5] | 2.20% | [6] | |||
Investment, Identifier [Axis]: Dorado Acquisition, Inc., Senior Secured Loans 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 4,051,000 | $ 4,082,000 | |||||
Amortized cost | 3,975,000 | 3,980,000 | |||||
Investments, at fair value | $ 3,932,000 | [3] | $ 4,074,000 | [4] | |||
% of net assets | 1.90% | [5] | 1.80% | [6] | |||
Investment, Identifier [Axis]: Dorado Acquisition, Inc., Senior Secured Loans Delayed Draw | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [9],[10] | $ 216,000 | |||||
Amortized cost | [9],[10] | 0 | |||||
Investments, at fair value | [4],[9],[10] | $ 0 | |||||
% of net assets | [6],[9],[10] | 0% | |||||
Investment, Identifier [Axis]: Dorado Acquisition, Inc., Senior Secured Loans Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 596,000 | ||||||
Amortized cost | 596,000 | ||||||
Investments, at fair value | [4] | $ 596,000 | |||||
% of net assets | [6] | 0.30% | |||||
Investment, Identifier [Axis]: Dorado Acquisition, Inc., Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [7] | $ 596,000 | |||||
Amortized cost | [7] | 0 | |||||
Investments, at fair value | [3],[7] | $ 0 | |||||
% of net assets | [5],[7] | 0% | |||||
Investment, Identifier [Axis]: Drawbridge Partners, LLC, Equity Securities, Class A-1 units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 130,433 | 130,433 | |||||
Amortized cost | $ 130,000 | $ 130,000 | |||||
Investments, at fair value | $ 147,000 | [3] | $ 126,000 | [4] | |||
% of net assets | 0.10% | [5] | 0.10% | [6] | |||
Investment, Identifier [Axis]: Drawbridge Partners, LLC, Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 11.56% | ||||||
Principal | $ 3,000,000 | $ 3,000,000 | |||||
Amortized cost | 2,950,000 | 2,943,000 | |||||
Investments, at fair value | $ 3,001,000 | [3] | $ 2,971,000 | [4] | |||
% of net assets | 1.50% | [5] | 1.30% | [6] | |||
Investment, Identifier [Axis]: Drawbridge Partners, LLC, Senior Secured Loans Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [7] | $ 522,000 | |||||
Amortized cost | [7] | 0 | |||||
Investments, at fair value | [3],[7] | $ 0 | |||||
% of net assets | [5],[7] | 0% | |||||
Investment, Identifier [Axis]: Drawbridge Partners, LLC, Senior Secured Loans, Delayed Draw | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | [9],[10] | 11.56% | |||||
Principal | $ 874,000 | [7],[8] | $ 330,000 | [9],[10] | |||
Amortized cost | 496,000 | [7],[8] | 103,000 | [9],[10] | |||
Investments, at fair value | $ 496,000 | [3],[7],[8] | $ 102,000 | [4],[9],[10] | |||
% of net assets | 0.20% | [5],[7],[8] | 0% | [6],[9],[10] | |||
Investment, Identifier [Axis]: Drawbridge Partners, LLC, Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [9] | $ 522,000 | |||||
Amortized cost | [9] | 0 | |||||
Investments, at fair value | [4],[9] | $ 0 | |||||
% of net assets | [6],[9] | 0% | |||||
Investment, Identifier [Axis]: Education Corporation of America - Series G Preferred Stock | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 8,333 | ||||||
Interest rate paid in kind | [15] | 12% | |||||
Amortized cost | $ 7,492,000 | ||||||
Investments, at fair value | [3] | $ 0 | |||||
% of net assets | [5] | 0% | |||||
Investment, Identifier [Axis]: Education Corporation of America, Equity Securities, Series G Preferred Stock | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 8,333 | ||||||
Interest rate paid in kind | [19] | 12% | |||||
Amortized cost | $ 7,492,000 | ||||||
Investments, at fair value | [4] | $ 0 | |||||
% of net assets | [6] | 0% | |||||
Investment, Identifier [Axis]: Education Corporation of America, Junior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 5.50% | [15] | 5.50% | [19] | |||
Principal | $ 833,000 | $ 833,000 | |||||
Amortized cost | 831,000 | 831,000 | |||||
Investments, at fair value | $ 2,174,000 | [3] | $ 1,882,000 | [4] | |||
% of net assets | 1.10% | [5] | 0.80% | [6] | |||
Investment, Identifier [Axis]: Equine Network, LLC, Equity Securities, Class A units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 108 | [16] | 108 | [17] | |||
Amortized cost | $ 111,000 | [16] | $ 111,000 | [17] | |||
Investments, at fair value | $ 110,000 | [3],[16] | $ 109,000 | [4],[17] | |||
% of net assets | 0.10% | [5],[16] | 0% | [6],[17] | |||
Investment, Identifier [Axis]: Equine Network, LLC, Senior Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 1,719,000 | ||||||
Amortized cost | 1,694,000 | ||||||
Investments, at fair value | [4] | $ 1,709,000 | |||||
% of net assets | [6] | 0.70% | |||||
Investment, Identifier [Axis]: Equine Network, LLC, Senior Secured Loans 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 780,000 | ||||||
Amortized cost | 769,000 | ||||||
Investments, at fair value | [4] | $ 775,000 | |||||
% of net assets | [6] | 0.30% | |||||
Investment, Identifier [Axis]: Equine Network, LLC, Senior Secured Loans Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [9] | $ 171,000 | |||||
Amortized cost | [9] | 128,000 | |||||
Investments, at fair value | [4],[9] | $ 127,000 | |||||
% of net assets | [6],[9] | 0.10% | |||||
Investment, Identifier [Axis]: Equine Network, LLC, Senior Secured Loans, Delayed Draw | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [9],[10] | $ 427,000 | |||||
Amortized cost | [9],[10] | 0 | |||||
Investments, at fair value | [4],[9],[10] | $ 0 | |||||
% of net assets | [6],[9],[10] | 0% | |||||
Investment, Identifier [Axis]: Express Wash Acquisition Company, LLC, Class A preferred units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | [16] | 31 | |||||
Interest rate paid in kind | [16] | 8% | |||||
Amortized cost | [16] | $ 31,000 | |||||
Investments, at fair value | [3],[16] | $ 32,000 | |||||
% of net assets | [5],[16] | 0% | |||||
Investment, Identifier [Axis]: Express Wash Acquisition Company, LLC, Equity Securities, Class A common units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | [16] | 31,200 | |||||
Amortized cost | [16] | $ 0 | |||||
Investments, at fair value | [3],[16] | $ 0 | |||||
% of net assets | [5],[16] | 0% | |||||
Investment, Identifier [Axis]: Express Wash Acquisition Company, LLC, Equity Securities, Class A units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | [17] | 121,311 | |||||
Interest rate paid in kind | [17] | 8% | |||||
Amortized cost | [17] | $ 125,000 | |||||
Investments, at fair value | [4],[17] | $ 118,000 | |||||
% of net assets | [6],[17] | 0.10% | |||||
Investment, Identifier [Axis]: Express Wash Acquisition Company, LLC, Equity Securities, Class B common units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | [16] | 147 | |||||
Interest rate paid in kind | [16] | 8% | |||||
Amortized cost | [16] | $ 127,000 | |||||
Investments, at fair value | [3],[16] | $ 26,000 | |||||
% of net assets | [5],[16] | 0% | |||||
Investment, Identifier [Axis]: Express Wash Acquisition Company, LLC, Equity Securities, Class B preferred units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | [16] | 146,770 | |||||
Amortized cost | [16] | $ 0 | |||||
Investments, at fair value | [3],[16] | $ 0 | |||||
% of net assets | [5],[16] | 0% | |||||
Investment, Identifier [Axis]: Express Wash Acquisition Company, LLC, Senior Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 7,067,000 | $ 8,160,000 | |||||
Amortized cost | 7,033,000 | 8,114,000 | |||||
Investments, at fair value | $ 7,067,000 | [3] | $ 8,119,000 | [4] | |||
% of net assets | 3.50% | [5] | 3.60% | [6] | |||
Investment, Identifier [Axis]: Express Wash Acquisition Company, LLC, Senior Secured Loans 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 1,513,000 | $ 1,528,000 | |||||
Amortized cost | 1,513,000 | 1,528,000 | |||||
Investments, at fair value | $ 1,513,000 | [3] | $ 1,521,000 | [4] | |||
% of net assets | 0.70% | [5] | 0.70% | [6] | |||
Investment, Identifier [Axis]: Express Wash Acquisition Company, LLC, Senior Secured Loans Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [7] | $ 379,000 | |||||
Amortized cost | [7] | 209,000 | |||||
Investments, at fair value | [3],[7] | $ 209,000 | |||||
% of net assets | [5],[7] | 0.10% | |||||
Investment, Identifier [Axis]: Express Wash Acquisition Company, LLC, Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [9] | $ 379,000 | |||||
Amortized cost | [9] | 209,000 | |||||
Investments, at fair value | [4],[9] | $ 208,000 | |||||
% of net assets | [6],[9] | 0.10% | |||||
Investment, Identifier [Axis]: Familia Dental Group Holdings, LLC, Class A units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 1,230 | 1,176 | |||||
Investments, at fair value | $ 2,226,000 | $ 2,625,000 | 1,919,000 | ||||
Investment, Identifier [Axis]: Familia Dental Group Holdings, LLC, Equity Securities, Class A units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 1,230 | [16],[20] | 1,176 | [17],[21] | |||
Amortized cost | $ 4,213,000 | [16] | $ 4,030,000 | [17],[21] | |||
Investments, at fair value | $ 2,226,000 | [3],[16] | $ 2,625,000 | [4],[17],[21] | |||
% of net assets | 1.10% | [5],[16] | 1.20% | [6],[17],[21] | |||
Investment, Identifier [Axis]: Florida East Coast Industries, LLC, Junior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 16% | [11] | 16% | [14] | |||
Principal | $ 879,000 | [11] | $ 1,778,000 | [14] | |||
Amortized cost | 874,000 | [11] | 1,753,000 | [14] | |||
Investments, at fair value | $ 879,000 | [3],[11] | $ 1,784,000 | [4],[14] | |||
% of net assets | 0.40% | [5],[11] | 0.80% | [6],[14] | |||
Investment, Identifier [Axis]: Florida East Coast Industries, LLC, Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [14] | $ 617,000 | |||||
Amortized cost | [14] | 606,000 | |||||
Investments, at fair value | [4],[14] | $ 619,000 | |||||
% of net assets | [6],[14] | 0.30% | |||||
Investment, Identifier [Axis]: Forman Mills, Inc, Senior Secured Loans. 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 2% | ||||||
Principal | $ 6,909,000 | ||||||
Amortized cost | 6,909,000 | ||||||
Investments, at fair value | [4] | $ 6,698,000 | |||||
% of net assets | [6] | 3% | |||||
Investment, Identifier [Axis]: Forman Mills, Inc., Equity Securities, Warrant | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Warrants to purchase percentage of equity | 2.60% | ||||||
Amortized cost | $ 0 | ||||||
Investments, at fair value | [4] | $ 155,000 | |||||
% of net assets | [6] | 0.10% | |||||
Investment, Identifier [Axis]: Forman Mills, Inc., Junior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | [15] | 3.90% | |||||
Principal | $ 1,308,000 | ||||||
Amortized cost | 1,308,000 | ||||||
Investments, at fair value | [3] | $ 955,000 | |||||
% of net assets | [5] | 0.50% | |||||
Investment, Identifier [Axis]: Forman Mills, Inc., Senior Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 2% | ||||||
Principal | $ 1,275,000 | ||||||
Amortized cost | 1,275,000 | ||||||
Investments, at fair value | [4] | $ 1,253,000 | |||||
% of net assets | [6] | 0.60% | |||||
Investment, Identifier [Axis]: GC Champion Acquisition LLC, Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 2,528,000 | ||||||
Amortized cost | 2,480,000 | ||||||
Investments, at fair value | [4] | $ 2,503,000 | |||||
% of net assets | [6] | 1.10% | |||||
Investment, Identifier [Axis]: GC Champion Acquisition LLC, Senior Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 2,528,000 | ||||||
Amortized cost | 2,486,000 | ||||||
Investments, at fair value | [3] | $ 2,528,000 | |||||
% of net assets | [5] | 1.20% | |||||
Investment, Identifier [Axis]: GC Champion Acquisition LLC, Senior Secured Loans 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 702,000 | ||||||
Amortized cost | 702,000 | ||||||
Investments, at fair value | [3] | $ 702,000 | |||||
% of net assets | [5] | 0.30% | |||||
Investment, Identifier [Axis]: GC Champion Acquisition LLC, Senior Secured Loans 3 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 2,107,000 | ||||||
Amortized cost | 2,046,000 | ||||||
Investments, at fair value | [3] | $ 2,125,000 | |||||
% of net assets | [5] | 1% | |||||
Investment, Identifier [Axis]: GC Champion Acquisition LLC, Senior Secured Loans, Delayed Draw | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [9],[10] | $ 704,000 | |||||
Amortized cost | [9],[10] | 0 | |||||
Investments, at fair value | [4],[9],[10] | $ 0 | |||||
% of net assets | [6],[9],[10] | 0% | |||||
Investment, Identifier [Axis]: HFZ Capital Group LLC 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Investments, at fair value | $ 17,233,000 | $ 16,159,000 | |||||
Investment, Identifier [Axis]: HFZ Capital Group LLC 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Investments, at fair value | $ 6,191,000 | $ 5,805,000 | |||||
Investment, Identifier [Axis]: HFZ Capital Group LLC, Senior Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 17.96% | [11],[20] | 16.62% | [14],[22] | |||
Principal | $ 13,242,000 | [11],[20] | $ 13,242,000 | [14],[22] | |||
Amortized cost | 13,242,000 | [11],[20] | 13,242,000 | [14],[22] | |||
Investments, at fair value | $ 17,233,000 | [3],[11],[20] | $ 16,159,000 | [4],[14],[22] | |||
% of net assets | 8.50% | [5],[11],[20] | 7.20% | [6],[14],[22] | |||
Investment, Identifier [Axis]: HFZ Capital Group LLC, Senior Secured Loans) 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 17.96% | [11],[20] | 16.62% | [14],[22] | |||
Principal | $ 4,758,000 | [11],[20] | $ 4,758,000 | [14],[22] | |||
Amortized cost | 4,758,000 | [11],[20] | 4,758,000 | [14],[22] | |||
Investments, at fair value | $ 6,191,000 | [3],[11],[20] | $ 5,805,000 | [4],[14],[22] | |||
% of net assets | 3% | [5],[11],[20] | 2.60% | [6],[14],[22] | |||
Investment, Identifier [Axis]: HFZ Capital Group, LLC 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Investments, at fair value | $ 16,159,000 | 15,084,000 | |||||
Investment, Identifier [Axis]: HFZ Capital Group, LLC 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Investments, at fair value | 5,805,000 | 5,420,000 | |||||
Investment, Identifier [Axis]: HS4 Acquisitionco, Inc. | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 9,799,000 | ||||||
Amortized cost | 9,735,000 | ||||||
Investments, at fair value | [3] | $ 9,769,000 | |||||
% of net assets | [5] | 4.80% | |||||
Investment, Identifier [Axis]: HS4 Acquisitionco, Inc. (Revolver) | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [7] | $ 817,000 | |||||
Amortized cost | [7] | 549,000 | |||||
Investments, at fair value | [3],[7] | $ 548,000 | |||||
% of net assets | [5],[7] | 0.30% | |||||
Investment, Identifier [Axis]: HS4 Acquisitionco, Inc., Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | 9,899,000 | ||||||
Amortized cost | 9,801,000 | ||||||
Investments, at fair value | [4] | $ 9,855,000 | |||||
% of net assets | [6] | 4.40% | |||||
Investment, Identifier [Axis]: HS4 Acquisitionco, Inc., Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [9] | $ 817,000 | |||||
Amortized cost | [9] | 409,000 | |||||
Investments, at fair value | [4],[9] | $ 407,000 | |||||
% of net assets | [6],[9] | 0.20% | |||||
Investment, Identifier [Axis]: Hastings Manufacturing Company, Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 2,026,000 | ||||||
Amortized cost | 2,023,000 | ||||||
Investments, at fair value | [4] | $ 2,026,000 | |||||
% of net assets | [6] | 0.90% | |||||
Investment, Identifier [Axis]: Hastings Manufacturing Company, Senior Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 1,850,000 | ||||||
Amortized cost | 1,850,000 | ||||||
Investments, at fair value | [3] | $ 1,850,000 | |||||
% of net assets | [5] | 0.90% | |||||
Investment, Identifier [Axis]: Hastings Manufacturing Company, Senior Secured Loans 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 664,000 | ||||||
Amortized cost | 664,000 | ||||||
Investments, at fair value | [3] | $ 664,000 | |||||
% of net assets | [5] | 0.30% | |||||
Investment, Identifier [Axis]: Hastings Manufacturing Company, Senior Secured Loans 3 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 2,039,000 | ||||||
Amortized cost | 2,019,000 | ||||||
Investments, at fair value | [3] | $ 2,080,000 | |||||
% of net assets | [5] | 1% | |||||
Investment, Identifier [Axis]: Hastings Manufacturing Company, Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [7] | $ 691,000 | |||||
Amortized cost | [7] | 0 | |||||
Investments, at fair value | [3],[7] | $ 0 | |||||
% of net assets | [5],[7] | 0% | |||||
Investment, Identifier [Axis]: IDIG Parent, LLC, Equity Securities, Common stock | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 245,958 | [16],[23] | 245,958 | [17],[24] | |||
Amortized cost | $ 250,000 | [16],[23] | $ 248,000 | [17],[24] | |||
Investments, at fair value | $ 306,000 | [3],[16],[23] | $ 324,000 | [4],[17],[24] | |||
% of net assets | 0.20% | [5],[16],[23] | 0.10% | [6],[17],[24] | |||
Investment, Identifier [Axis]: INH Buyer, Inc., Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 3.50% | 3.50% | |||||
Principal | $ 3,026,000 | $ 2,950,000 | |||||
Amortized cost | 3,005,000 | 2,925,000 | |||||
Investments, at fair value | $ 2,936,000 | [3] | $ 2,832,000 | [4] | |||
% of net assets | 1.40% | [5] | 1.30% | [6] | |||
Investment, Identifier [Axis]: InMobi Pte, Ltd, Equity Securities, Warrant | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Warrants to purchase percentage of equity | [11],[25] | 2.80% | |||||
Amortized cost | [11],[25] | $ 0 | |||||
Investments, at fair value | [3],[11],[25] | $ 1,695,000 | |||||
% of net assets | [5],[11],[25] | 0.80% | |||||
Investment, Identifier [Axis]: InMobi Pte, Ltd., Equity Securities, Warrant | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Percentage of interests | [14],[26] | 2.80% | |||||
Amortized cost | [14],[26] | $ 0 | |||||
Investments, at fair value | [4],[14],[26] | $ 1,816,000 | |||||
% of net assets | [6],[14],[26] | 0.80% | |||||
Investment, Identifier [Axis]: Independence Buyer, Inc., Equity Securities, Class A units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 81 | ||||||
Amortized cost | $ 81,000 | $ 81,000 | |||||
Investments, at fair value | $ 56,000 | [3] | $ 102,000 | [4] | |||
% of net assets | 0% | [5] | 0% | [6] | |||
Investment, Identifier [Axis]: Independence Buyer, Inc., Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 5,499,000 | $ 5,940,000 | |||||
Amortized cost | 5,436,000 | 5,849,000 | |||||
Investments, at fair value | $ 5,410,000 | [3] | $ 5,866,000 | [4] | |||
% of net assets | 2.60% | [5] | 2.60% | [6] | |||
Investment, Identifier [Axis]: Independence Buyer, Inc., Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 1,423,000 | [7] | $ 1,423,000 | [9] | |||
Amortized cost | 0 | [7] | 0 | [9] | |||
Investments, at fair value | $ 0 | [3],[7] | $ 0 | [4],[9] | |||
% of net assets | 0% | [5],[7] | 0% | [6],[9] | |||
Investment, Identifier [Axis]: J2 BWA Funding LLC, , Equity Securities, Profit sharing | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Percentage of profit sharing | [14],[17] | 0.70% | |||||
Amortized cost | [14],[17] | $ 0 | |||||
Investments, at fair value | [4],[14],[17] | $ 0 | |||||
% of net assets | [6],[14],[17] | 0% | |||||
Investment, Identifier [Axis]: J2 BWA Funding LLC, Equity Securities, Profit sharing | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Percentage of profit sharing | [11],[16] | 0.30% | |||||
Amortized cost | [11],[16] | $ 0 | |||||
Investments, at fair value | [3],[11],[16] | $ 40,000 | |||||
% of net assets | [5],[11],[16] | 0% | |||||
Investment, Identifier [Axis]: J2 BWA Funding LLC, Senior Secured Loans, Delayed Draw | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [9],[10],[14] | $ 2,750,000 | |||||
Amortized cost | [9],[10],[14] | 1,303,000 | |||||
Investments, at fair value | [4],[9],[10],[14] | $ 1,298,000 | |||||
% of net assets | [6],[9],[10],[14] | 0.60% | |||||
Investment, Identifier [Axis]: J2 BWA Funding LLC, Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [7],[11] | $ 2,750,000 | |||||
Amortized cost | [7],[11] | 1,578,000 | |||||
Investments, at fair value | [3],[7],[11] | $ 1,578,000 | |||||
% of net assets | [5],[7],[11] | 0.80% | |||||
Investment, Identifier [Axis]: KL Moon Acquisition, LLC (fka Spectrum Science Communications, LLC), Equity Securities | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Percentage of interests | 0.10% | ||||||
Amortized cost | $ 491,000 | ||||||
Investments, at fair value | [3] | $ 422,000 | |||||
% of net assets | [5] | 0.20% | |||||
Investment, Identifier [Axis]: KL Moon Acquisition, LLC (fka Spectrum Science Communications, LLC), Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 4,975,000 | ||||||
Amortized cost | 4,843,000 | ||||||
Investments, at fair value | [3] | $ 4,975,000 | |||||
% of net assets | [5] | 2.40% | |||||
Investment, Identifier [Axis]: KL Moon Acquisition, LLC (fka Spectrum Science Communications, LLC), Senior Secured Loans, Delayed Draw | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [7],[8] | $ 1,702,000 | |||||
Amortized cost | [7],[8] | 989,000 | |||||
Investments, at fair value | [3],[7],[8] | $ 989,000 | |||||
% of net assets | [5],[7],[8] | 0.50% | |||||
Investment, Identifier [Axis]: KL Moon Acquisition, LLC (fka Spectrum Science Communications, LLC), Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [7] | $ 813,000 | |||||
Amortized cost | [7] | 352,000 | |||||
Investments, at fair value | [3],[7] | $ 352,000 | |||||
% of net assets | [5],[7] | 0.20% | |||||
Investment, Identifier [Axis]: Kar Wash Holdings, LLC 1, Equity Securities, Class A units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 99,807 | ||||||
Amortized cost | $ 103,000 | ||||||
Investments, at fair value | [3] | $ 75,000 | |||||
% of net assets | [5] | 0% | |||||
Investment, Identifier [Axis]: Kar Wash Holdings, LLC, Equity Securities, Class A units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 99,807 | ||||||
Amortized cost | $ 103,000 | ||||||
Investments, at fair value | [4] | $ 111,000 | |||||
% of net assets | [6] | 0% | |||||
Investment, Identifier [Axis]: Kar Wash Holdings, LLC, Equity Securities, Series A Preferred Stock | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 8,619 | ||||||
Amortized cost | $ 11,000 | ||||||
Investments, at fair value | [3] | $ 11,000 | |||||
% of net assets | [5] | 0% | |||||
Investment, Identifier [Axis]: Kar Wash Holdings, LLC, Senior Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 1,576,000 | $ 1,592,000 | |||||
Amortized cost | 1,554,000 | 1,565,000 | |||||
Investments, at fair value | $ 1,576,000 | [3] | $ 1,585,000 | [4] | |||
% of net assets | 0.80% | [5] | 0.70% | [6] | |||
Investment, Identifier [Axis]: Kar Wash Holdings, LLC, Senior Secured Loans 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 1,129,000 | $ 1,140,000 | |||||
Amortized cost | 1,129,000 | 1,140,000 | |||||
Investments, at fair value | $ 1,129,000 | [3] | $ 1,135,000 | [4] | |||
% of net assets | 0.60% | [5] | 0.50% | [6] | |||
Investment, Identifier [Axis]: Kar Wash Holdings, LLC, Senior Secured Loans, Delayed Draw | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 2,649,000 | [7],[8] | $ 2,667,000 | [9],[10] | |||
Amortized cost | 2,230,000 | [7],[8] | 1,790,000 | [9],[10] | |||
Investments, at fair value | $ 2,230,000 | [3],[7],[8] | $ 1,782,000 | [4],[9],[10] | |||
% of net assets | 1.10% | [5],[7],[8] | 0.80% | [6],[9],[10] | |||
Investment, Identifier [Axis]: Kar Wash Holdings, LLC, Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 571,000 | [7] | $ 572,000 | [9] | |||
Amortized cost | 0 | [7] | 305,000 | [9] | |||
Investments, at fair value | $ 0 | [3],[7] | $ 303,000 | [4],[9] | |||
% of net assets | 0% | [5],[7] | 0.10% | [6],[9] | |||
Investment, Identifier [Axis]: Kingsley Gate Partners, LLC (Delayed Draw) | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [7],[8] | $ 600,000 | |||||
Amortized cost | [7],[8] | 132,000 | |||||
Investments, at fair value | [3],[7],[8] | $ 130,000 | |||||
% of net assets | [5],[7],[8] | 0.10% | |||||
Investment, Identifier [Axis]: Kingsley Gate Partners, LLC (Revolver) | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [7] | $ 240,000 | |||||
Amortized cost | [7] | 0 | |||||
Investments, at fair value | [3],[7] | $ 0 | |||||
% of net assets | [5],[7] | 0% | |||||
Investment, Identifier [Axis]: Kingsley Gate Partners, LLC 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 596,000 | ||||||
Amortized cost | 585,000 | ||||||
Investments, at fair value | [3] | $ 588,000 | |||||
% of net assets | [5] | 0.30% | |||||
Investment, Identifier [Axis]: Kingsley Gate Partners, LLC 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 191,000 | ||||||
Amortized cost | 191,000 | ||||||
Investments, at fair value | [3] | $ 189,000 | |||||
% of net assets | [5] | 0.10% | |||||
Investment, Identifier [Axis]: Kingsley Gate Partners, LLC, Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 600,000 | ||||||
Amortized cost | 588,000 | ||||||
Investments, at fair value | [4] | $ 588,000 | |||||
% of net assets | [6] | 0.30% | |||||
Investment, Identifier [Axis]: Kingsley Gate Partners, LLC, Senior Secured Loans, Delayed Draw 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [9],[10] | $ 720,000 | |||||
Amortized cost | [9],[10] | 0 | |||||
Investments, at fair value | [4],[9],[10] | $ 0 | |||||
% of net assets | [6],[9],[10] | 0% | |||||
Investment, Identifier [Axis]: Kingsley Gate Partners, LLC, Senior Secured Loans, Delayed Draw 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [9],[10] | $ 600,000 | |||||
Amortized cost | [9],[10] | 0 | |||||
Investments, at fair value | [4],[9],[10] | $ 0 | |||||
% of net assets | [6],[9],[10] | 0% | |||||
Investment, Identifier [Axis]: Kingsley Gate Partners, LLC, Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [9] | $ 240,000 | |||||
Amortized cost | [9] | 0 | |||||
Investments, at fair value | [4],[9] | $ 0 | |||||
% of net assets | [6],[9] | 0% | |||||
Investment, Identifier [Axis]: LVF Holdings, Inc., Senior Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 1,466,000 | $ 1,481,000 | |||||
Amortized cost | 1,447,000 | 1,458,000 | |||||
Investments, at fair value | $ 1,466,000 | [3] | $ 1,437,000 | [4] | |||
% of net assets | 0.70% | [5] | 0.60% | [6] | |||
Investment, Identifier [Axis]: LVF Holdings, Inc., Senior Secured Loans 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 1,403,000 | $ 1,418,000 | |||||
Amortized cost | 1,403,000 | 1,418,000 | |||||
Investments, at fair value | $ 1,403,000 | [3] | $ 1,375,000 | [4] | |||
% of net assets | 0.70% | [5] | 0.60% | [6] | |||
Investment, Identifier [Axis]: LVF Holdings, Inc., Senior Secured Loans Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [9] | $ 238,000 | |||||
Amortized cost | [9] | 157,000 | |||||
Investments, at fair value | [4],[9] | $ 152,000 | |||||
% of net assets | [6],[9] | 0.10% | |||||
Investment, Identifier [Axis]: LVF Holdings, Inc., Senior Secured Loans, Delayed Draw | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [9],[10] | $ 344,000 | |||||
Amortized cost | [9],[10] | 0 | |||||
Investments, at fair value | [4],[9],[10] | $ 0 | |||||
% of net assets | [6],[9],[10] | 0% | |||||
Investment, Identifier [Axis]: LVF Holdings, Inc., Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [7] | $ 238,000 | |||||
Amortized cost | [7] | 0 | |||||
Investments, at fair value | [3],[7] | $ 0 | |||||
% of net assets | [5],[7] | 0% | |||||
Investment, Identifier [Axis]: LX/JT Intermediate Holdings, Inc. | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 5,468,000 | ||||||
Amortized cost | 5,413,000 | ||||||
Investments, at fair value | [4] | $ 5,394,000 | |||||
% of net assets | [6] | 2.40% | |||||
Investment, Identifier [Axis]: LX/JT Intermediate Holdings, Inc., Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [9] | $ 833,000 | |||||
Amortized cost | [9] | 0 | |||||
Investments, at fair value | [4],[9] | $ 0 | |||||
% of net assets | [6],[9] | 0% | |||||
Investment, Identifier [Axis]: Lifted Trucks Holdings, LLC, Equity Securities, Class A units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 111,111 | [16] | 111,111 | [17] | |||
Amortized cost | $ 111,000 | [16] | $ 111,000 | [17] | |||
Investments, at fair value | $ 57,000 | [3],[16] | $ 78,000 | [4],[17] | |||
% of net assets | 0% | [5],[16] | 0% | [6],[17] | |||
Investment, Identifier [Axis]: Lifted Trucks Holdings, LLC, Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 6,860,000 | $ 6,930,000 | |||||
Amortized cost | 6,770,000 | 6,816,000 | |||||
Investments, at fair value | $ 6,682,000 | [3] | $ 6,840,000 | [4] | |||
% of net assets | 3.30% | [5] | 3.10% | [6] | |||
Investment, Identifier [Axis]: Lifted Trucks Holdings, LLC, Senior Secured Loans, Delayed Draw | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [9],[10] | $ 1,400,000 | |||||
Amortized cost | [9],[10] | 0 | |||||
Investments, at fair value | [4],[9],[10] | $ 0 | |||||
% of net assets | [6],[9],[10] | 0% | |||||
Investment, Identifier [Axis]: Lifted Trucks Holdings, LLC, Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 1,667,000 | [7] | $ 1,667,000 | [9] | |||
Amortized cost | 556,000 | [7] | 0 | [9] | |||
Investments, at fair value | $ 541,000 | [3],[7] | $ 0 | [4],[9] | |||
% of net assets | 0.30% | [5],[7] | 0% | [6],[9] | |||
Investment, Identifier [Axis]: Liftforward SPV II, LLC, Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | [11] | 16.22% | |||||
Principal | $ 253,000 | [11] | $ 413,000 | [14] | |||
Amortized cost | 253,000 | [11] | 413,000 | [14] | |||
Investments, at fair value | $ 233,000 | [3],[11] | $ 403,000 | [4],[14] | |||
% of net assets | 0.10% | [5],[11] | 0.20% | [6],[14] | |||
Investment, Identifier [Axis]: Luxury Optical Holdings Co., Equity Securities | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Amortized cost | [27] | $ 0 | |||||
Investments, at fair value | [4],[27] | $ 209,000 | |||||
% of net assets | [6],[27] | 0.10% | |||||
Investment, Identifier [Axis]: M R C C Senior Loan Fund I, L L C, Equity Securities | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Investments, at fair value | $ 33,122,000 | $ 35,509,000 | |||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Investments, at fair value | 8,421,000 | 7,154,000 | |||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Investments, at fair value | 10,237,000 | 8,421,000 | |||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Investments, at fair value | $ 3,051,000 | 1,000,000 | |||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC, Delayed Draw | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Investments, at fair value | 1,000,000 | 850,000 | |||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC, Equity Interest | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Percentage of interests | 15.90% | ||||||
Investments, at fair value | $ 1,045,000 | $ 1,291,000 | |||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC, Equity Securities | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Percentage of interests | 15.90% | [11],[16],[20] | 15.90% | [14],[17],[22] | |||
Amortized cost | $ 793,000 | [11],[16],[20] | $ 793,000 | [14],[17],[22] | |||
Investments, at fair value | $ 1,045,000 | [3],[11],[16],[20] | $ 1,291,000 | [4],[14],[17],[22] | |||
% of net assets | 0.50% | [5],[11],[16],[20] | 0.60% | [6],[14],[17],[22] | |||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC, Equity interest | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Percentage of interests | 15.90% | ||||||
Investments, at fair value | $ 1,291,000 | 644,000 | |||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC, Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | [14],[22] | 18.74% | |||||
Principal | [14],[22] | $ 8,421,000 | |||||
Amortized cost | [14],[22] | 8,421,000 | |||||
Investments, at fair value | [4],[14],[22] | $ 8,421,000 | |||||
% of net assets | [6],[14],[22] | 3.70% | |||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC, Senior Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | [11],[20] | 20.39% | |||||
Principal | [11],[20] | $ 10,237,000 | |||||
Amortized cost | [11],[20] | 10,237,000 | |||||
Investments, at fair value | [3],[11],[20] | $ 10,237,000 | |||||
% of net assets | [5],[11],[20] | 5% | |||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC, Senior Secured Loans 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | [11],[20] | 20.39% | |||||
Principal | [11],[20] | $ 3,051,000 | |||||
Amortized cost | [11],[20] | 3,051,000 | |||||
Investments, at fair value | [3],[11],[20] | $ 3,051,000 | |||||
% of net assets | [5],[11],[20] | 1.50% | |||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC, Senior Secured Loans, Delayed Draw | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | [9],[10],[14],[22] | 18.74% | |||||
Principal | [9],[10],[14],[22] | $ 1,793,000 | |||||
Amortized cost | [9],[10],[14],[22] | 1,000,000 | |||||
Investments, at fair value | [4],[9],[10],[14],[22] | $ 1,000,000 | |||||
% of net assets | [6],[9],[10],[14],[22] | 0.40% | |||||
Investment, Identifier [Axis]: MCP Shaw Acquisitionco, LLC, Equity Securities, Class A-2 units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | [17] | 118,906 | |||||
Amortized cost | [17] | $ 119,000 | |||||
Investments, at fair value | [4],[17] | $ 204,000 | |||||
% of net assets | [6],[17] | 0.10% | |||||
Investment, Identifier [Axis]: MCP Shaw Acquisitionco, LLC, Senior Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 9,722,000 | ||||||
Amortized cost | 9,615,000 | ||||||
Investments, at fair value | [4] | $ 9,736,000 | |||||
% of net assets | [6] | 4.40% | |||||
Investment, Identifier [Axis]: MCP Shaw Acquisitionco, LLC, Senior Secured Loans 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 2,972,000 | ||||||
Amortized cost | 2,926,000 | ||||||
Investments, at fair value | [4] | $ 2,977,000 | |||||
% of net assets | [6] | 1.30% | |||||
Investment, Identifier [Axis]: MCP Shaw Acquisitionco, LLC, Senior Secured Loans 3 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 978,000 | ||||||
Amortized cost | 978,000 | ||||||
Investments, at fair value | [4] | $ 979,000 | |||||
% of net assets | [6] | 0.40% | |||||
Investment, Identifier [Axis]: MCP Shaw Acquisitionco, LLC, Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [9] | $ 1,784,000 | |||||
Amortized cost | [9] | 0 | |||||
Investments, at fair value | [4],[9] | $ 0 | |||||
% of net assets | [6],[9] | 0% | |||||
Investment, Identifier [Axis]: MEI Buyer LLC , Senior Secured Loans, Delayed Draw | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [7],[8] | $ 317,000 | |||||
Amortized cost | [7],[8] | 0 | |||||
Investments, at fair value | [3],[7],[8] | $ 0 | |||||
% of net assets | [5],[7],[8] | 0% | |||||
Investment, Identifier [Axis]: MEI Buyer LLC, Equity Securities, Common stock | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 155 | ||||||
Amortized cost | $ 155,000 | ||||||
Investments, at fair value | [3] | $ 158,000 | |||||
% of net assets | [5] | 0.10% | |||||
Investment, Identifier [Axis]: MEI Buyer LLC, Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 1,995,000 | ||||||
Amortized cost | 1,938,000 | ||||||
Investments, at fair value | [3] | $ 2,035,000 | |||||
% of net assets | [5] | 1% | |||||
Investment, Identifier [Axis]: MEI Buyer LLC, Senior Secured Loans Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [7] | $ 410,000 | |||||
Amortized cost | [7] | 7,000 | |||||
Investments, at fair value | [3],[7] | $ 7,000 | |||||
% of net assets | [5],[7] | 0% | |||||
Investment, Identifier [Axis]: MRCC Senior Loan Fund I, LLC | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Investments, at fair value | $ 35,509,000 | 41,125,000 | |||||
Investment, Identifier [Axis]: MRCC Senior Loan Fund I, LLC, Equity Securities | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Percentage of interests | 50% | [11] | 50% | [14] | |||
Amortized cost | $ 42,650,000 | [11] | $ 42,650,000 | [14] | |||
Investments, at fair value | $ 33,122,000 | [3],[11] | $ 35,509,000 | [4],[14] | |||
% of net assets | 16.30% | [5],[11] | 15.80% | [6],[14] | |||
Investment, Identifier [Axis]: MV Receivables II, LLC, Equity Securities, Common units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 1,458 | [11],[16] | 1,458 | [14],[17] | |||
Amortized cost | $ 600,000 | [11],[16] | $ 600,000 | [14],[17] | |||
Investments, at fair value | $ 0 | [3],[11],[16] | $ 1,154,000 | [4],[14],[17] | |||
% of net assets | 0% | [5],[11],[16] | 0.50% | [6],[14],[17] | |||
Investment, Identifier [Axis]: MV Receivables II, LLC, Equity Securities, Warrant | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Warrants to purchase percentage of equity | 0.80% | [11],[16] | 0.80% | [14],[17] | |||
Amortized cost | $ 363,000 | [11],[16] | $ 363,000 | [14],[17] | |||
Investments, at fair value | $ 0 | [3],[11],[16] | $ 1,655,000 | [4],[14],[17] | |||
% of net assets | 0% | [5],[11],[16] | 0.80% | [6],[14],[17] | |||
Investment, Identifier [Axis]: MV Receivables II, LLC, Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 8,100,000 | [11] | $ 8,115,000 | [14] | |||
Amortized cost | 7,737,000 | [11] | 7,752,000 | [14] | |||
Investments, at fair value | $ 7,695,000 | [3],[11] | $ 7,968,000 | [4],[14] | |||
% of net assets | 3.80% | [5],[11] | 3.60% | [6],[14] | |||
Investment, Identifier [Axis]: Mammoth Holdings, LLC, Senior Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 1,920,000 | ||||||
Amortized cost | 1,911,000 | ||||||
Investments, at fair value | [4] | $ 1,917,000 | |||||
% of net assets | [6] | 0.90% | |||||
Investment, Identifier [Axis]: Mammoth Holdings, LLC, Senior Secured Loans 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 4,031,000 | ||||||
Amortized cost | 4,031,000 | ||||||
Investments, at fair value | [4] | $ 4,025,000 | |||||
% of net assets | [6] | 1.80% | |||||
Investment, Identifier [Axis]: Mammoth Holdings, LLC, Senior Secured Loans 3 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 6,291,000 | ||||||
Amortized cost | 6,291,000 | ||||||
Investments, at fair value | [4] | $ 6,282,000 | |||||
% of net assets | [6] | 2.80% | |||||
Investment, Identifier [Axis]: Mammoth Holdings, LLC, Senior Secured Loans 4 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 1,633,000 | ||||||
Amortized cost | 1,633,000 | ||||||
Investments, at fair value | [4] | $ 1,630,000 | |||||
% of net assets | [6] | 0.70% | |||||
Investment, Identifier [Axis]: Mammoth Holdings, LLC, Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [9] | $ 657,000 | |||||
Amortized cost | [9] | 0 | |||||
Investments, at fair value | [4],[9] | $ 0 | |||||
% of net assets | [6],[9] | 0% | |||||
Investment, Identifier [Axis]: MarkLogic Corporation, Equity Securities, Class A units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 290,239 | ||||||
Amortized cost | $ 0 | ||||||
Investments, at fair value | [4] | $ 426,000 | |||||
% of net assets | [6] | 0.20% | |||||
Investment, Identifier [Axis]: MarkLogic Corporation, Senior Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 3,430,000 | ||||||
Amortized cost | 3,377,000 | ||||||
Investments, at fair value | [4] | $ 3,414,000 | |||||
% of net assets | [6] | 1.50% | |||||
Investment, Identifier [Axis]: MarkLogic Corporation, Senior Secured Loans 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 320,000 | ||||||
Amortized cost | 315,000 | ||||||
Investments, at fair value | [4] | $ 318,000 | |||||
% of net assets | [6] | 0.20% | |||||
Investment, Identifier [Axis]: MarkLogic Corporation, Senior Secured Loans 3 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 2,669,000 | ||||||
Amortized cost | 2,623,000 | ||||||
Investments, at fair value | [4] | $ 2,656,000 | |||||
% of net assets | [6] | 1.20% | |||||
Investment, Identifier [Axis]: MarkLogic Corporation, Senior Secured Loans 4 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 214,000 | ||||||
Amortized cost | 214,000 | ||||||
Investments, at fair value | [4] | $ 213,000 | |||||
% of net assets | [6] | 0.10% | |||||
Investment, Identifier [Axis]: MarkLogic Corporation, Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [9] | $ 269,000 | |||||
Amortized cost | [9] | 0 | |||||
Investments, at fair value | [4],[9] | $ 0 | |||||
% of net assets | [6],[9] | 0% | |||||
Investment, Identifier [Axis]: Medallia, Inc., Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 4% | 10.88% | |||||
Principal | $ 2,140,000 | $ 2,049,000 | |||||
Amortized cost | 2,107,000 | 2,011,000 | |||||
Investments, at fair value | $ 2,141,000 | [3] | $ 2,041,000 | [4] | |||
% of net assets | 1.10% | [5] | 0.90% | [6] | |||
Investment, Identifier [Axis]: Mindbody, Inc., Senior Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 6,536,000 | $ 6,536,000 | |||||
Amortized cost | 6,507,000 | 6,485,000 | |||||
Investments, at fair value | $ 6,536,000 | [3] | $ 6,526,000 | [4] | |||
% of net assets | 3.20% | [5] | 2.90% | [6] | |||
Investment, Identifier [Axis]: Mindbody, Inc., Senior Secured Loans 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 474,000 | $ 674,000 | |||||
Amortized cost | 474,000 | 674,000 | |||||
Investments, at fair value | $ 474,000 | [3] | $ 673,000 | [4] | |||
% of net assets | 0.20% | [5] | 0.30% | [6] | |||
Investment, Identifier [Axis]: Mindbody, Inc., Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 667,000 | [7] | $ 667,000 | [9] | |||
Amortized cost | 0 | [7] | 0 | [9] | |||
Investments, at fair value | $ 0 | [3],[7] | $ 0 | [4],[9] | |||
% of net assets | 0% | [5],[7] | 0% | [6],[9] | |||
Investment, Identifier [Axis]: Mnine Holdings, Inc. | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Investments, at fair value | $ 55,000 | $ 0 | |||||
Investment, Identifier [Axis]: Mnine Holdings, Inc. 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Investments, at fair value | 6,187,000 | 5,492,000 | |||||
Investment, Identifier [Axis]: Mnine Holdings, Inc. 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Investments, at fair value | $ 0 | 0 | |||||
Investment, Identifier [Axis]: Mnine Holdings, Inc. Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Investments, at fair value | $ 5,492,000 | 5,771,000 | |||||
Investment, Identifier [Axis]: Mnine Holdings, Inc., Class B units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 6,400 | 6,400 | |||||
Investments, at fair value | $ 0 | $ 0 | 0 | ||||
Investment, Identifier [Axis]: Mnine Holdings, Inc., Equity Securities, Class B units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 6,400 | 6,400 | |||||
Amortized cost | $ 0 | $ 0 | |||||
Investments, at fair value | $ 0 | [3] | $ 0 | [4] | |||
% of net assets | 0% | [5] | 0% | [6] | |||
Investment, Identifier [Axis]: Mnine Holdings, Inc., Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Investments, at fair value | $ 658,000 | $ 214,000 | 0 | ||||
Investment, Identifier [Axis]: Mnine Holdings, Inc., Revolver, Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [7] | 747,000 | |||||
Amortized cost | [7] | 666,000 | |||||
Investments, at fair value | [3],[7] | $ 658,000 | |||||
% of net assets | [5],[7] | 0.30% | |||||
Investment, Identifier [Axis]: Mnine Holdings, Inc., Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 5% | ||||||
Principal | $ 5,492,000 | ||||||
Amortized cost | 5,477,000 | ||||||
Investments, at fair value | [4] | $ 5,492,000 | |||||
% of net assets | [6] | 2.40% | |||||
Investment, Identifier [Axis]: Mnine Holdings, Inc., Senior Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 13.61% | ||||||
Principal | $ 6,266,000 | ||||||
Amortized cost | 6,266,000 | ||||||
Investments, at fair value | [3] | $ 6,187,000 | |||||
% of net assets | [5] | 3% | |||||
Investment, Identifier [Axis]: Mnine Holdings, Inc., Senior Secured Loans 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 13.61% | ||||||
Principal | $ 55,000 | ||||||
Amortized cost | 55,000 | ||||||
Investments, at fair value | [3] | $ 55,000 | |||||
% of net assets | [5] | 0% | |||||
Investment, Identifier [Axis]: Mnine Holdings, Inc., Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | [9] | 5% | |||||
Principal | [9] | $ 533,000 | |||||
Amortized cost | [9] | 214,000 | |||||
Investments, at fair value | [4],[9] | $ 214,000 | |||||
% of net assets | [6],[9] | 0.10% | |||||
Investment, Identifier [Axis]: MoneyLion, Inc., Junior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [11] | $ 4,875,000 | |||||
Amortized cost | [11] | 4,841,000 | |||||
Investments, at fair value | [3],[11] | $ 4,918,000 | |||||
% of net assets | [5],[11] | 2.40% | |||||
Investment, Identifier [Axis]: MoneyLion, Inc., Junior Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [14] | $ 5,250,000 | |||||
Amortized cost | [14] | 5,203,000 | |||||
Investments, at fair value | [4],[14] | $ 5,165,000 | |||||
% of net assets | [6],[14] | 2.30% | |||||
Investment, Identifier [Axis]: MoneyLion, Inc., Junior Secured Loans 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [14] | $ 1,500,000 | |||||
Amortized cost | [14] | 1,490,000 | |||||
Investments, at fair value | [4],[14] | $ 1,498,000 | |||||
% of net assets | [6],[14] | 0.60% | |||||
Investment, Identifier [Axis]: MoneyLion, Inc., Junior Secured Loans, Delayed Draw | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [9],[10],[14] | $ 1,500,000 | |||||
Amortized cost | [9],[10],[14] | 0 | |||||
Investments, at fair value | [4],[9],[10],[14] | $ 0 | |||||
% of net assets | [6],[9],[10],[14] | 0% | |||||
Investment, Identifier [Axis]: NCBP Property, LLC, Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [14] | $ 1,950,000 | |||||
Amortized cost | [14] | 1,945,000 | |||||
Investments, at fair value | [4],[14] | $ 1,955,000 | |||||
% of net assets | [6],[14] | 0.90% | |||||
Investment, Identifier [Axis]: NECB Collections, LLC, Equity Securities | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Percentage of interests | 20.80% | [16] | 20.80% | [17] | |||
Amortized cost | $ 1,458,000 | [16] | $ 1,458,000 | [17] | |||
Investments, at fair value | $ 0 | [3],[16] | $ 0 | [4],[17] | |||
% of net assets | 0% | [5],[16] | 0% | [6],[17] | |||
Investment, Identifier [Axis]: NECB Collections, LLC, LLC, Units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Percentage of interests | 20.80% | 20.80% | |||||
Investments, at fair value | $ 0 | $ 0 | 0 | ||||
Investment, Identifier [Axis]: NECB Collections, LLC, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Investments, at fair value | 424,000 | $ 382,000 | 632,000 | ||||
Investment, Identifier [Axis]: NECB Collections, LLC, Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | [9] | 14.61% | |||||
Principal | 1,356,000 | [7] | $ 1,356,000 | [9] | |||
Amortized cost | 1,312,000 | [7] | 1,312,000 | [9] | |||
Investments, at fair value | $ 424,000 | [3],[7] | $ 382,000 | [4],[9] | |||
% of net assets | 0.20% | [5],[7] | 0.20% | [6],[9] | |||
Investment, Identifier [Axis]: NQ PE Project Colosseum Midco Inc., Equity Securities, Common units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 327,133 | ||||||
Amortized cost | $ 327,000 | ||||||
Investments, at fair value | [4] | $ 327,000 | |||||
% of net assets | [6] | 0.10% | |||||
Investment, Identifier [Axis]: NQ PE Project Colosseum Midco Inc., Equity Securities, Common units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 327,133 | ||||||
Amortized cost | $ 327,000 | ||||||
Investments, at fair value | [3] | $ 326,000 | |||||
% of net assets | [5] | 0.20% | |||||
Investment, Identifier [Axis]: NQ PE Project Colosseum Midco Inc., Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 3,465,000 | $ 3,500,000 | |||||
Amortized cost | 3,407,000 | 3,432,000 | |||||
Investments, at fair value | $ 3,500,000 | [3] | $ 3,430,000 | [4] | |||
% of net assets | 1.70% | [5] | 1.50% | [6] | |||
Investment, Identifier [Axis]: NQ PE Project Colosseum Midco Inc., Senior Secured Loans, Delayed Draw | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [7],[8] | $ 778,000 | |||||
Amortized cost | [7],[8] | 0 | |||||
Investments, at fair value | [3],[7],[8] | $ 0 | |||||
% of net assets | [5],[7],[8] | 0% | |||||
Investment, Identifier [Axis]: NQ PE Project Colosseum Midco Inc., Senior Secured Loans, Delayed Draw) | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [9],[10] | $ 778,000 | |||||
Amortized cost | [9],[10] | 0 | |||||
Investments, at fair value | [4],[9],[10] | $ 0 | |||||
% of net assets | [6],[9],[10] | 0% | |||||
Investment, Identifier [Axis]: NQ PE Project Colosseum Midco Inc., Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 438,000 | [7] | $ 438,000 | [9] | |||
Amortized cost | 0 | [7] | 0 | [9] | |||
Investments, at fair value | $ 0 | [3],[7] | $ 0 | [4],[9] | |||
% of net assets | 0% | [5],[7] | 0% | [6],[9] | |||
Investment, Identifier [Axis]: NationsBenefits, LLC, Equity Securities, Common units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 106,667 | [16] | 106,667 | [17] | |||
Amortized cost | $ 153,000 | [16] | $ 153,000 | [17] | |||
Investments, at fair value | $ 0 | [3],[16] | $ 66,000 | [4],[17] | |||
% of net assets | 0% | [5],[16] | 0% | [6],[17] | |||
Investment, Identifier [Axis]: NationsBenefits, LLC, Equity Securities, Series B units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 116,460 | [16] | 116,460 | [17] | |||
Interest rate paid in kind | 500% | [16] | 5% | [17] | |||
Amortized cost | $ 781,000 | [16] | $ 781,000 | [17] | |||
Investments, at fair value | $ 706,000 | [3],[16] | $ 934,000 | [4],[17] | |||
% of net assets | 0.30% | [5],[16] | 0.40% | [6],[17] | |||
Investment, Identifier [Axis]: NationsBenefits, LLC, Senior Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 3,920,000 | $ 3,960,000 | |||||
Amortized cost | 3,873,000 | 3,898,000 | |||||
Investments, at fair value | $ 3,951,000 | [3] | $ 4,039,000 | [4] | |||
% of net assets | 1.90% | [5] | 1.80% | [6] | |||
Investment, Identifier [Axis]: NationsBenefits, LLC, Senior Secured Loans 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 4,672,000 | $ 4,719,000 | |||||
Amortized cost | 4,672,000 | 4,719,000 | |||||
Investments, at fair value | $ 4,708,000 | [3] | $ 4,813,000 | [4] | |||
% of net assets | 2.30% | [5] | 2.10% | [6] | |||
Investment, Identifier [Axis]: NationsBenefits, LLC, Senior Secured Loans 3 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 5,065,000 | ||||||
Amortized cost | 5,065,000 | ||||||
Investments, at fair value | [3] | $ 5,104,000 | |||||
% of net assets | [5] | 2.50% | |||||
Investment, Identifier [Axis]: NationsBenefits, LLC, Senior Secured Loans, Delayed Draw | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [9],[10] | $ 5,089,000 | |||||
Amortized cost | [9],[10] | 942,000 | |||||
Investments, at fair value | [4],[9],[10] | $ 961,000 | |||||
% of net assets | [6],[9],[10] | 0.40% | |||||
Investment, Identifier [Axis]: NationsBenefits, LLC, Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 2,222,000 | [7] | $ 2,222,000 | [9] | |||
Amortized cost | 889,000 | [7] | 889,000 | [9] | |||
Investments, at fair value | $ 889,000 | [3],[7] | $ 889,000 | [4],[9] | |||
% of net assets | 0.50% | [5],[7] | 0.40% | [6],[9] | |||
Investment, Identifier [Axis]: Nearly Natural, Inc. , Senior Secured Loans3 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 4% | ||||||
Principal | $ 3,115,000 | ||||||
Amortized cost | 3,115,000 | ||||||
Investments, at fair value | [4] | $ 2,787,000 | |||||
% of net assets | [6] | 1.20% | |||||
Investment, Identifier [Axis]: Nearly Natural, Inc. 2, Equity Securities, Class AA units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 61,087 | ||||||
Amortized cost | $ 61,000 | ||||||
Investments, at fair value | [3] | $ 28,000 | |||||
% of net assets | [5] | 0% | |||||
Investment, Identifier [Axis]: Nearly Natural, Inc., Equity Securities Class A units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 152,174 | ||||||
Amortized cost | $ 153,000 | ||||||
Investments, at fair value | [4] | $ 0 | |||||
% of net assets | [6] | 0% | |||||
Investment, Identifier [Axis]: Nearly Natural, Inc., Equity Securities Class AA units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 61,087 | ||||||
Amortized cost | $ 61,000 | ||||||
Investments, at fair value | [4] | $ 0 | |||||
% of net assets | [6] | 0% | |||||
Investment, Identifier [Axis]: Nearly Natural, Inc., Senior Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 4% | 4% | |||||
Principal | $ 6,523,000 | $ 6,628,000 | |||||
Amortized cost | 6,523,000 | 6,628,000 | |||||
Investments, at fair value | $ 6,270,000 | [3] | $ 5,931,000 | [4] | |||
% of net assets | 3.10% | [5] | 2.60% | [6] | |||
Investment, Identifier [Axis]: Nearly Natural, Inc., Senior Secured Loans 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 4% | 4% | |||||
Principal | $ 1,691,000 | $ 1,714,000 | |||||
Amortized cost | 1,691,000 | 1,714,000 | |||||
Investments, at fair value | $ 1,625,000 | [3] | $ 1,534,000 | [4] | |||
% of net assets | 0.80% | [5] | 0.70% | [6] | |||
Investment, Identifier [Axis]: Nearly Natural, Inc., Senior Secured Loans 3 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 4% | ||||||
Principal | $ 3,076,000 | ||||||
Amortized cost | 3,075,000 | ||||||
Investments, at fair value | [3] | $ 2,957,000 | |||||
% of net assets | [5] | 1.50% | |||||
Investment, Identifier [Axis]: Nearly Natural, Inc., Senior Secured Loans 4 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 4% | 4% | |||||
Principal | $ 1,841,000 | $ 1,868,000 | |||||
Amortized cost | 1,841,000 | 1,868,000 | |||||
Investments, at fair value | $ 1,770,000 | [3] | $ 1,672,000 | [4] | |||
% of net assets | 0.90% | [5] | 0.80% | [6] | |||
Investment, Identifier [Axis]: Nearly Natural, Inc., Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 4% | 4% | |||||
Principal | $ 2,634,000 | $ 2,505,000 | |||||
Amortized cost | 2,634,000 | 2,505,000 | |||||
Investments, at fair value | $ 2,532,000 | [3] | $ 2,241,000 | [4] | |||
% of net assets | 1.20% | [5] | 1% | [6] | |||
Investment, Identifier [Axis]: Nearly Natural, Inc.1, Equity Securities, Class A units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 152,174 | ||||||
Amortized cost | $ 153,000 | ||||||
Investments, at fair value | [3] | $ 0 | |||||
% of net assets | [5] | 0% | |||||
Investment, Identifier [Axis]: Newforma, Inc., Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 938,000 | ||||||
Amortized cost | 937,000 | ||||||
Investments, at fair value | [4] | $ 938,000 | |||||
% of net assets | [6] | 0.40% | |||||
Investment, Identifier [Axis]: Newforma, Inc., Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [9] | $ 1,250,000 | |||||
Amortized cost | [9] | 0 | |||||
Investments, at fair value | [4],[9] | $ 0 | |||||
% of net assets | [6],[9] | 0% | |||||
Investment, Identifier [Axis]: North Haven USHC Acquisition, Inc., Senior Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 2,425,000 | $ 2,450,000 | |||||
Amortized cost | 2,404,000 | 2,419,000 | |||||
Investments, at fair value | $ 2,399,000 | [3] | $ 2,448,000 | [4] | |||
% of net assets | 1.20% | [5] | 1.10% | [6] | |||
Investment, Identifier [Axis]: North Haven USHC Acquisition, Inc., Senior Secured Loans 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 2,566,000 | $ 2,592,000 | |||||
Amortized cost | 2,542,000 | 2,556,000 | |||||
Investments, at fair value | $ 2,528,000 | [3] | $ 2,575,000 | [4] | |||
% of net assets | 1.20% | [5] | 1.10% | [6] | |||
Investment, Identifier [Axis]: North Haven USHC Acquisition, Inc., Senior Secured Loans 3 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 703,000 | $ 710,000 | |||||
Amortized cost | 703,000 | 710,000 | |||||
Investments, at fair value | $ 695,000 | [3] | $ 709,000 | [4] | |||
% of net assets | 0.30% | [5] | 0.30% | [6] | |||
Investment, Identifier [Axis]: North Haven USHC Acquisition, Inc., Senior Secured Loans 4 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 1,419,000 | $ 1,434,000 | |||||
Amortized cost | 1,419,000 | 1,434,000 | |||||
Investments, at fair value | $ 1,404,000 | [3] | $ 1,433,000 | [4] | |||
% of net assets | 0.70% | [5] | 0.60% | [6] | |||
Investment, Identifier [Axis]: North Haven USHC Acquisition, Inc., Senior Secured Loans Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [9] | $ 416,000 | |||||
Amortized cost | [9] | 187,000 | |||||
Investments, at fair value | [4],[9] | $ 187,000 | |||||
% of net assets | [6],[9] | 0.10% | |||||
Investment, Identifier [Axis]: North Haven USHC Acquisition, Inc., Senior Secured Loans, Delayed Draw | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 1,056,000 | [7],[8] | $ 1,056,000 | [9],[10] | |||
Amortized cost | 358,000 | [7],[8] | 0 | [9],[10] | |||
Investments, at fair value | $ 353,000 | [3],[7],[8] | $ 0 | [4],[9],[10] | |||
% of net assets | 0.20% | [5],[7],[8] | 0% | [6],[9],[10] | |||
Investment, Identifier [Axis]: North Haven USHC Acquisition, Inc., Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [7] | $ 416,000 | |||||
Amortized cost | [7] | 104,000 | |||||
Investments, at fair value | [3],[7] | $ 103,000 | |||||
% of net assets | [5],[7] | 0.10% | |||||
Investment, Identifier [Axis]: Oceana Australian Fixed Income Trust, Senior Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [14],[26],[28] | $ 3,084,000 | |||||
Amortized cost | [14],[26],[28] | 3,400,000 | |||||
Investments, at fair value | [4],[14],[26],[28] | $ 3,084,000 | |||||
% of net assets | [6],[14],[26],[28] | 1.40% | |||||
Investment, Identifier [Axis]: Oceana Australian Fixed Income Trust, Senior Secured Loans 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [14],[26],[28] | $ 7,321,000 | |||||
Amortized cost | [14],[26],[28] | 8,460,000 | |||||
Investments, at fair value | [4],[14],[26],[28] | $ 7,321,000 | |||||
% of net assets | [6],[14],[26],[28] | 3.20% | |||||
Investment, Identifier [Axis]: Onit, Inc., Unitranche Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 1,680,000 | $ 1,680,000 | |||||
Amortized cost | 1,666,000 | 1,656,000 | |||||
Investments, at fair value | $ 1,680,000 | [3] | $ 1,663,000 | [4] | |||
% of net assets | 0.80% | [5] | 0.70% | [6] | |||
Investment, Identifier [Axis]: PKS Holdings, LLC, Equity Securities, Preferred units 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 5,680 | [11] | 5,680 | [14] | |||
Interest rate paid in kind | 12% | [11] | 12% | [14] | |||
Amortized cost | $ 58,000 | [11] | $ 58,000 | [14] | |||
Investments, at fair value | $ 251,000 | [3],[11] | $ 298,000 | [4],[14] | |||
% of net assets | 0.10% | [5],[11] | 0.20% | [6],[14] | |||
Investment, Identifier [Axis]: PKS Holdings, LLC, Equity Securities, Preferred units 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 5,714 | [11] | 5,714 | [14] | |||
Interest rate paid in kind | 12% | [11] | 12% | [14] | |||
Amortized cost | $ 9,000 | [11] | $ 9,000 | [14] | |||
Investments, at fair value | $ 39,000 | [3],[11] | $ 46,000 | [4],[14] | |||
% of net assets | 0% | [5],[11] | 0% | [6],[14] | |||
Investment, Identifier [Axis]: PKS Holdings, LLC, Equity Securities, Preferred units 3 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 132 | [11] | 132 | [14] | |||
Interest rate paid in kind | 12% | [11] | 12% | [14] | |||
Amortized cost | $ 1,000 | [11] | $ 1,000 | [14] | |||
Investments, at fair value | $ 6,000 | [3],[11] | $ 7,000 | [4],[14] | |||
% of net assets | 0% | [5],[11] | 0% | [6],[14] | |||
Investment, Identifier [Axis]: PKS Holdings, LLC, Equity Securities, Preferred units 4 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 916 | [11] | 916 | [14] | |||
Interest rate paid in kind | 12% | [11] | 12% | [14] | |||
Amortized cost | $ 9,000 | [11] | $ 9,000 | [14] | |||
Investments, at fair value | $ 39,000 | [3],[11] | $ 46,000 | [4],[14] | |||
% of net assets | 0% | [5],[11] | 0% | [6],[14] | |||
Investment, Identifier [Axis]: Panda Acquisition, LLC, Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 4,388,000 | $ 4,500,000 | |||||
Amortized cost | 3,688,000 | 3,691,000 | |||||
Investments, at fair value | $ 3,707,000 | [3] | $ 3,690,000 | [4] | |||
% of net assets | 1.80% | [5] | 1.60% | [6] | |||
Investment, Identifier [Axis]: Planful, Inc., Equity Securities, Class A units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 473,082 | 473,082 | |||||
Interest rate paid in kind | 8% | 8% | |||||
Amortized cost | $ 473,000 | $ 473,000 | |||||
Investments, at fair value | $ 942,000 | [3] | $ 563,000 | [4] | |||
% of net assets | 0.50% | [5] | 0.20% | [6] | |||
Investment, Identifier [Axis]: Planful, Inc., Equity Securities, Class B units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 35,791 | ||||||
Amortized cost | $ 0 | ||||||
Investments, at fair value | [3] | $ 23,000 | |||||
% of net assets | [5] | 0% | |||||
Investment, Identifier [Axis]: Planful, Inc., Senior Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 9,500,000 | $ 9,500,000 | |||||
Amortized cost | 9,500,000 | 9,456,000 | |||||
Investments, at fair value | $ 9,500,000 | [3] | $ 9,443,000 | [4] | |||
% of net assets | 4.70% | [5] | 4.20% | [6] | |||
Investment, Identifier [Axis]: Planful, Inc., Senior Secured Loans 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 530,000 | $ 530,000 | |||||
Amortized cost | 524,000 | 519,000 | |||||
Investments, at fair value | $ 530,000 | [3] | $ 527,000 | [4] | |||
% of net assets | 0.30% | [5] | 0.20% | [6] | |||
Investment, Identifier [Axis]: Planful, Inc., Senior Secured Loans 3 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 1,326,000 | $ 1,325,000 | |||||
Amortized cost | 1,326,000 | 1,325,000 | |||||
Investments, at fair value | $ 1,326,000 | [3] | $ 1,318,000 | [4] | |||
% of net assets | 0.70% | [5] | 0.60% | [6] | |||
Investment, Identifier [Axis]: Planful, Inc., Senior Secured Loans 4 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 884,000 | $ 884,000 | |||||
Amortized cost | 884,000 | 884,000 | |||||
Investments, at fair value | $ 884,000 | [3] | $ 878,000 | [4] | |||
% of net assets | 0.40% | [5] | 0.40% | [6] | |||
Investment, Identifier [Axis]: Planful, Inc., Senior Secured Loans 5 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 707,000 | ||||||
Amortized cost | 688,000 | ||||||
Investments, at fair value | [3] | $ 708,000 | |||||
% of net assets | [5] | 0.30% | |||||
Investment, Identifier [Axis]: Planful, Inc., Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 442,000 | $ 442,000 | |||||
Amortized cost | 442,000 | 442,000 | |||||
Investments, at fair value | $ 442,000 | [3] | $ 439,000 | [4] | |||
% of net assets | 0.20% | [5] | 0.20% | [6] | |||
Investment, Identifier [Axis]: Prototek LLC | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 0.75% | ||||||
Principal | $ 2,482,000 | ||||||
Amortized cost | 2,419,000 | ||||||
Investments, at fair value | [3] | $ 2,380,000 | |||||
% of net assets | [5] | 1.20% | |||||
Investment, Identifier [Axis]: Prototek LLC (Revolver) | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | [7] | 0.75% | |||||
Principal | [7] | $ 288,000 | |||||
Amortized cost | [7] | 0 | |||||
Investments, at fair value | [3],[7] | $ 0 | |||||
% of net assets | [5],[7] | 0% | |||||
Investment, Identifier [Axis]: Prototek LLC, Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 2,500,000 | ||||||
Amortized cost | 2,425,000 | ||||||
Investments, at fair value | [4] | $ 2,425,000 | |||||
% of net assets | [6] | 1.10% | |||||
Investment, Identifier [Axis]: Prototek LLC, Senior Secured Loans, Delayed Draw | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [9],[10] | $ 768,000 | |||||
Amortized cost | [9],[10] | 0 | |||||
Investments, at fair value | [4],[9],[10] | $ 0 | |||||
% of net assets | [6],[9],[10] | 0% | |||||
Investment, Identifier [Axis]: Prototek LLC, Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [9] | $ 576,000 | |||||
Amortized cost | [9] | 0 | |||||
Investments, at fair value | [4],[9] | $ 0 | |||||
% of net assets | [6],[9] | 0% | |||||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC Senior Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 972,000 | ||||||
Amortized cost | 908,000 | ||||||
Investments, at fair value | [4] | $ 972,000 | |||||
% of net assets | [6] | 0.40% | |||||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC Senior Secured Loans 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 1,068,000 | ||||||
Amortized cost | 1,068,000 | ||||||
Investments, at fair value | [4] | $ 1,067,000 | |||||
% of net assets | [6] | 0.50% | |||||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC Senior Secured Loans 3 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 3,796,000 | ||||||
Amortized cost | 3,738,000 | ||||||
Investments, at fair value | [4] | $ 3,781,000 | |||||
% of net assets | [6] | 1.70% | |||||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC, (Delayed Draw) | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [9],[10] | $ 1,772,000 | |||||
Amortized cost | [9],[10] | 383,000 | |||||
Investments, at fair value | [4],[9],[10] | $ 381,000 | |||||
% of net assets | [6],[9],[10] | 0.20% | |||||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC, Equity Securities, Warrant 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Warrants to purchase percentage of equity | 0.20% | 0.20% | |||||
Amortized cost | $ 67,000 | $ 67,000 | |||||
Investments, at fair value | $ 257,000 | [3] | $ 210,000 | [4] | |||
% of net assets | 0.10% | [5] | 0.10% | [6] | |||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC, Equity Securities, Warrant 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Warrants to purchase percentage of equity | 0.20% | 0.20% | |||||
Amortized cost | $ 0 | $ 0 | |||||
Investments, at fair value | $ 180,000 | [3] | $ 147,000 | [4] | |||
% of net assets | 0.10% | [5] | 0.10% | [6] | |||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC, Senior Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 852,000 | ||||||
Amortized cost | 795,000 | ||||||
Investments, at fair value | [3] | $ 857,000 | |||||
% of net assets | [5] | 0.40% | |||||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC, Senior Secured Loans 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 935,000 | ||||||
Amortized cost | 935,000 | ||||||
Investments, at fair value | [3] | $ 941,000 | |||||
% of net assets | [5] | 0.50% | |||||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC, Senior Secured Loans 3 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 3,326,000 | ||||||
Amortized cost | 3,289,000 | ||||||
Investments, at fair value | [3] | $ 3,326,000 | |||||
% of net assets | [5] | 1.60% | |||||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC, Senior Secured Loans 4 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 335,000 | ||||||
Amortized cost | 335,000 | ||||||
Investments, at fair value | [3] | $ 335,000 | |||||
% of net assets | [5] | 0.20% | |||||
Investment, Identifier [Axis]: Recorded Future, Inc, Equity Securities Class A units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | [29] | 80,486 | |||||
Amortized cost | [29] | $ 81,000 | |||||
Investments, at fair value | [3],[29] | $ 261,000 | |||||
% of net assets | [5],[29] | 0.10% | |||||
Investment, Identifier [Axis]: Recorded Future, Inc., Equity Securities, Class A units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | [30] | 80,486 | |||||
Amortized cost | [30] | $ 81,000 | |||||
Investments, at fair value | [4],[30] | $ 225,000 | |||||
% of net assets | [6],[30] | 0.10% | |||||
Investment, Identifier [Axis]: Recycled Plastics Industries, LLC, Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 0.75% | ||||||
Principal | $ 2,811,000 | $ 3,456,000 | |||||
Amortized cost | 2,778,000 | 3,403,000 | |||||
Investments, at fair value | $ 2,776,000 | [3] | $ 3,370,000 | [4] | |||
% of net assets | 1.40% | [5] | 1.50% | [6] | |||
Investment, Identifier [Axis]: Recycled Plastics Industries, LLC, Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | [7] | 0.75% | |||||
Principal | $ 284,000 | [7] | $ 473,000 | [9] | |||
Amortized cost | 0 | [7] | 0 | [9] | |||
Investments, at fair value | $ 0 | [3],[7] | $ 0 | [4],[9] | |||
% of net assets | 0% | [5],[7] | 0% | [6],[9] | |||
Investment, Identifier [Axis]: Relativity ODA LLC | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 11.96% | ||||||
Principal | $ 2,107,000 | ||||||
Amortized cost | 2,075,000 | ||||||
Investments, at fair value | [3] | $ 2,105,000 | |||||
% of net assets | [5] | 1% | |||||
Investment, Identifier [Axis]: Relativity ODA LLC, Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 11.89% | ||||||
Principal | $ 2,061,000 | ||||||
Amortized cost | 2,024,000 | ||||||
Investments, at fair value | [4] | $ 2,060,000 | |||||
% of net assets | [6] | 0.90% | |||||
Investment, Identifier [Axis]: Relativity ODA LLC, Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 11.96% | 11.89% | [9] | ||||
Principal | $ 180,000 | [7] | $ 180,000 | [9] | |||
Amortized cost | 0 | [7] | 0 | [9] | |||
Investments, at fair value | $ 0 | [3],[7] | $ 0 | [4],[9] | |||
% of net assets | 0% | [5],[7] | 0% | [6],[9] | |||
Investment, Identifier [Axis]: Relevate Health Group, LLC , Equity Securities, Class B common units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 40 | ||||||
Amortized cost | $ 0 | ||||||
Investments, at fair value | [3] | $ 0 | |||||
% of net assets | [5] | 0% | |||||
Investment, Identifier [Axis]: Relevate Health Group, LLC , Equity Securities, Preferred units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 40 | ||||||
Interest rate paid in kind | 1,200% | ||||||
Amortized cost | $ 40,000 | ||||||
Investments, at fair value | [3] | $ 19,000 | |||||
% of net assets | [5] | 0% | |||||
Investment, Identifier [Axis]: Relevate Health Group, LLC, Equity Securities, Class B common units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 40 | ||||||
Amortized cost | $ 0 | ||||||
Investments, at fair value | [4] | $ 0 | |||||
% of net assets | [6] | 0% | |||||
Investment, Identifier [Axis]: Relevate Health Group, LLC, Equity Securities, Preferred units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 40 | ||||||
Interest rate paid in kind | 12% | ||||||
Amortized cost | $ 40,000 | ||||||
Investments, at fair value | [4] | $ 36,000 | |||||
% of net assets | [6] | 0% | |||||
Investment, Identifier [Axis]: Relevate Health Group, LLC, Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 1,474,000 | ||||||
Amortized cost | 1,455,000 | ||||||
Investments, at fair value | [4] | $ 1,449,000 | |||||
% of net assets | [6] | 0.60% | |||||
Investment, Identifier [Axis]: Relevate Health Group, LLC, Senior Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 1,459,000 | ||||||
Amortized cost | 1,446,000 | ||||||
Investments, at fair value | [3] | $ 1,445,000 | |||||
% of net assets | [5] | 0.70% | |||||
Investment, Identifier [Axis]: Relevate Health Group, LLC, Senior Secured Loans 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 653,000 | ||||||
Amortized cost | 653,000 | ||||||
Investments, at fair value | [3] | $ 647,000 | |||||
% of net assets | [5] | 0.30% | |||||
Investment, Identifier [Axis]: Relevate Health Group, LLC, Senior Secured Loans Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [9] | $ 316,000 | |||||
Amortized cost | [9] | 0 | |||||
Investments, at fair value | [4],[9] | $ 0 | |||||
% of net assets | [6],[9] | 0% | |||||
Investment, Identifier [Axis]: Relevate Health Group, LLC, Senior Secured Loans, Delayed Draw | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [9],[10] | $ 778,000 | |||||
Amortized cost | [9],[10] | 659,000 | |||||
Investments, at fair value | [4],[9],[10] | $ 648,000 | |||||
% of net assets | [6],[9],[10] | 0.30% | |||||
Investment, Identifier [Axis]: Relevate Health Group, LLC, Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [7] | $ 316,000 | |||||
Amortized cost | [7] | 84,000 | |||||
Investments, at fair value | [3],[7] | $ 84,000 | |||||
% of net assets | [5],[7] | 0% | |||||
Investment, Identifier [Axis]: Rockdale Blackhawk, LLC, Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [31] | $ 0 | |||||
Amortized cost | [31] | 0 | |||||
Investments, at fair value | [4],[31] | $ 557,000 | |||||
% of net assets | [6],[31] | 0.20% | |||||
Investment, Identifier [Axis]: SFR Holdco, LLC, Equity Securities | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Percentage of interests | 24.40% | [11] | 24.40% | [14] | |||
Amortized cost | $ 3,900,000 | [11] | $ 3,900,000 | [14] | |||
Investments, at fair value | $ 4,372,000 | [3],[11] | $ 3,900,000 | [4],[14] | |||
% of net assets | 2.10% | [5],[11] | 1.70% | [6],[14] | |||
Investment, Identifier [Axis]: SFR Holdco, LLC, Equity interests | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Percentage of interests | 24.40% | ||||||
Investments, at fair value | $ 4,372,000 | $ 3,900,000 | |||||
Investment, Identifier [Axis]: SFR Holdco, LLC, Junior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | 5,850,000 | [11] | 5,850,000 | [14] | |||
Amortized cost | 5,850,000 | [11] | 5,850,000 | [14] | |||
Investments, at fair value | $ 5,539,000 | [3],[11] | $ 5,850,000 | [4],[14] | |||
% of net assets | 2.70% | [5],[11] | 2.60% | [6],[14] | |||
Investment, Identifier [Axis]: SFR Holdco, LLC, Junior secured loan | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Investments, at fair value | $ 5,539,000 | $ 5,850,000 | |||||
Investment, Identifier [Axis]: SFR Holding, LLC, Equity interests | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Percentage of interests | 24.40% | ||||||
Investments, at fair value | $ 3,900,000 | 3,900,000 | |||||
Investment, Identifier [Axis]: SFR Holdings, LLC, Junior secured loan | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Investments, at fair value | 5,850,000 | 5,850,000 | |||||
Investment, Identifier [Axis]: Second Avenue SFR Holdings II LLC, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Investments, at fair value | 3,323,000 | 4,755,000 | 2,104,000 | ||||
Investment, Identifier [Axis]: Second Avenue SFR Holdings II LLC, Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | 4,875,000 | [7],[11] | 4,875,000 | [9],[14] | |||
Amortized cost | 3,323,000 | [7],[11] | 4,785,000 | [9],[14] | |||
Investments, at fair value | $ 3,323,000 | [3],[7],[11] | $ 4,755,000 | [4],[9],[14] | |||
% of net assets | 1.60% | [5],[7],[11] | 2.10% | [6],[9],[14] | |||
Investment, Identifier [Axis]: Security Services Acquisition Sub Corp., Senior Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 3,344,000 | $ 3,378,000 | |||||
Amortized cost | 3,331,000 | 3,353,000 | |||||
Investments, at fair value | $ 3,341,000 | [3] | $ 3,372,000 | [4] | |||
% of net assets | 1.60% | [5] | 1.50% | [6] | |||
Investment, Identifier [Axis]: Security Services Acquisition Sub Corp., Senior Secured Loans 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 2,406,000 | $ 2,430,000 | |||||
Amortized cost | 2,406,000 | 2,430,000 | |||||
Investments, at fair value | $ 2,403,000 | [3] | $ 2,425,000 | [4] | |||
% of net assets | 1.20% | [5] | 1.10% | [6] | |||
Investment, Identifier [Axis]: Security Services Acquisition Sub Corp., Senior Secured Loans 3 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 7,820,000 | $ 7,900,000 | |||||
Amortized cost | 7,744,000 | 7,806,000 | |||||
Investments, at fair value | $ 7,812,000 | [3] | $ 7,884,000 | [4] | |||
% of net assets | 3.80% | [5] | 3.50% | [6] | |||
Investment, Identifier [Axis]: Security Services Acquisition Sub Corp., Senior Secured Loans 4 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 2,113,000 | $ 2,135,000 | |||||
Amortized cost | 2,113,000 | 2,135,000 | |||||
Investments, at fair value | $ 2,111,000 | [3] | $ 2,131,000 | [4] | |||
% of net assets | 1% | [5] | 0.90% | [6] | |||
Investment, Identifier [Axis]: Security Services Acquisition Sub Corp., Senior Secured Loans 5 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 1,520,000 | $ 1,535,000 | |||||
Amortized cost | 1,520,000 | 1,535,000 | |||||
Investments, at fair value | $ 1,518,000 | [3] | $ 1,532,000 | [4] | |||
% of net assets | 0.70% | [5] | 0.70% | [6] | |||
Investment, Identifier [Axis]: Seran BioScience, LLC, Equity Securities, Common units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 33,333 | [16] | 33,333 | [17] | |||
Amortized cost | $ 334,000 | [16] | $ 334,000 | [17] | |||
Investments, at fair value | $ 755,000 | [3],[16] | $ 537,000 | [4],[17] | |||
% of net assets | 0.40% | [5],[16] | 0.30% | [6],[17] | |||
Investment, Identifier [Axis]: Seran BioScience, LLC, Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 2,456,000 | ||||||
Amortized cost | 2,424,000 | ||||||
Investments, at fair value | [4] | $ 2,435,000 | |||||
% of net assets | [6] | 1.10% | |||||
Investment, Identifier [Axis]: Seran BioScience, LLC, Senior Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 2,431,000 | ||||||
Amortized cost | 2,409,000 | ||||||
Investments, at fair value | [3] | $ 2,431,000 | |||||
% of net assets | [5] | 1.20% | |||||
Investment, Identifier [Axis]: Seran BioScience, LLC, Senior Secured Loans 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 2,757,000 | ||||||
Amortized cost | 2,757,000 | ||||||
Investments, at fair value | [3] | $ 2,757,000 | |||||
% of net assets | [5] | 1.40% | |||||
Investment, Identifier [Axis]: Seran BioScience, LLC, Senior Secured Loans Delayed Draw | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [9],[10] | $ 2,776,000 | |||||
Amortized cost | [9],[10] | 1,331,000 | |||||
Investments, at fair value | [4],[9],[10] | $ 1,320,000 | |||||
% of net assets | [6],[9],[10] | 0.60% | |||||
Investment, Identifier [Axis]: Seran BioScience, LLC, Senior Secured Loans, Delayed Draw | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [7],[8] | $ 1,444,000 | |||||
Amortized cost | [7],[8] | 333,000 | |||||
Investments, at fair value | [3],[7],[8] | $ 333,000 | |||||
% of net assets | [5],[7],[8] | 0.20% | |||||
Investment, Identifier [Axis]: Seran BioScience, LLC, Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 444,000 | [7] | $ 444,000 | [9] | |||
Amortized cost | 0 | [7] | 0 | [9] | |||
Investments, at fair value | $ 0 | [3],[7] | $ 0 | [4],[9] | |||
% of net assets | 0% | [5],[7] | 0% | [6],[9] | |||
Investment, Identifier [Axis]: ServiceMax, Inc., Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | [14] | 11.12% | |||||
Principal | [14] | $ 3,846,000 | |||||
Amortized cost | [14] | 3,786,000 | |||||
Investments, at fair value | [4],[14] | $ 3,884,000 | |||||
% of net assets | [6],[14] | 1.70% | |||||
Investment, Identifier [Axis]: ServiceMax, Inc., Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | [9],[14] | 10.27% | |||||
Principal | [9],[14] | $ 350,000 | |||||
Amortized cost | [9],[14] | 175,000 | |||||
Investments, at fair value | [4],[9],[14] | $ 175,000 | |||||
% of net assets | [6],[9],[14] | 0.10% | |||||
Investment, Identifier [Axis]: Sparq Holdings, Inc., Equity Securities, Common stock | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 300,000 | ||||||
Amortized cost | $ 300,000 | ||||||
Investments, at fair value | [3] | $ 312,000 | |||||
% of net assets | [5] | 0.20% | |||||
Investment, Identifier [Axis]: Sparq Holdings, Inc., Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 995,000 | ||||||
Amortized cost | 967,000 | ||||||
Investments, at fair value | [3] | $ 1,011,000 | |||||
% of net assets | [5] | 0.50% | |||||
Investment, Identifier [Axis]: Sparq Holdings, Inc., Senior Secured Loans, Delayed Draw | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [7],[8] | $ 222,000 | |||||
Amortized cost | [7],[8] | 0 | |||||
Investments, at fair value | [3],[7],[8] | $ 0 | |||||
% of net assets | [5],[7],[8] | 0% | |||||
Investment, Identifier [Axis]: Sparq Holdings, Inc., Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [7] | $ 205,000 | |||||
Amortized cost | [7] | 0 | |||||
Investments, at fair value | [3],[7] | $ 0 | |||||
% of net assets | [5],[7] | 0% | |||||
Investment, Identifier [Axis]: Spectrum Science Communications, LLC, Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 995,000 | ||||||
Amortized cost | 979,000 | ||||||
Investments, at fair value | [4] | $ 1,005,000 | |||||
% of net assets | [6] | 0.40% | |||||
Investment, Identifier [Axis]: Spectrum Science Communications, LLC, Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [9] | $ 200,000 | |||||
Amortized cost | [9] | 0 | |||||
Investments, at fair value | [4],[9] | $ 0 | |||||
% of net assets | [6],[9] | 0% | |||||
Investment, Identifier [Axis]: Spherix Global Inc., Equity Securities, Class A units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 81 | 81 | |||||
Amortized cost | $ 81,000 | $ 81,000 | |||||
Investments, at fair value | $ 34,000 | [3] | $ 63,000 | [4] | |||
% of net assets | 0% | [5] | 0% | [6] | |||
Investment, Identifier [Axis]: Spherix Global Inc., Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 1,081,000 | $ 1,092,000 | |||||
Amortized cost | 1,068,000 | 1,076,000 | |||||
Investments, at fair value | $ 1,048,000 | [3] | $ 1,088,000 | [4] | |||
% of net assets | 0.50% | [5] | 0.50% | [6] | |||
Investment, Identifier [Axis]: Spherix Global Inc., Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 122,000 | [7] | $ 122,000 | [9] | |||
Amortized cost | 0 | [7] | 0 | [9] | |||
Investments, at fair value | $ 0 | [3],[7] | $ 0 | [4],[9] | |||
% of net assets | 0% | [5],[7] | 0% | [6],[9] | |||
Investment, Identifier [Axis]: Sports Operating Holdings II, LLC, Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 2,963,000 | $ 2,993,000 | |||||
Amortized cost | 2,902,000 | 2,920,000 | |||||
Investments, at fair value | $ 2,963,000 | [3] | $ 2,918,000 | [4] | |||
% of net assets | 1.60% | [5] | 1.30% | [6] | |||
Investment, Identifier [Axis]: Sports Operating Holdings II, LLC, Senior Secured Loans, Delayed Draw | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 2,398,000 | [7],[8] | $ 2,400,000 | [9],[10] | |||
Amortized cost | 241,000 | [7],[8] | 0 | [9],[10] | |||
Investments, at fair value | $ 241,000 | [3],[7],[8] | $ 0 | [4],[9],[10] | |||
% of net assets | 0.10% | [5],[7],[8] | 0% | [6],[9],[10] | |||
Investment, Identifier [Axis]: Sports Operating Holdings II, LLC, Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 519,000 | [7] | $ 519,000 | [9] | |||
Amortized cost | 0 | [7] | 0 | [9] | |||
Investments, at fair value | $ 0 | [3],[7] | $ 0 | [4],[9] | |||
% of net assets | 0% | [5],[7] | 0% | [6],[9] | |||
Investment, Identifier [Axis]: StarCompliance MidCo, LLC, Senior Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 2,000,000 | $ 2,000,000 | |||||
Amortized cost | 1,977,000 | 1,971,000 | |||||
Investments, at fair value | $ 1,993,000 | [3] | $ 1,968,000 | [4] | |||
% of net assets | 1% | [5] | 0.90% | [6] | |||
Investment, Identifier [Axis]: StarCompliance MidCo, LLC, Senior Secured Loans 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 335,000 | $ 336,000 | |||||
Amortized cost | 331,000 | 330,000 | |||||
Investments, at fair value | $ 334,000 | [3] | $ 330,000 | [4] | |||
% of net assets | 0.20% | [5] | 0.10% | [6] | |||
Investment, Identifier [Axis]: StarCompliance MidCo, LLC, Senior Secured Loans 3 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 256,000 | ||||||
Amortized cost | 251,000 | ||||||
Investments, at fair value | [3] | $ 255,000 | |||||
% of net assets | [5] | 0.10% | |||||
Investment, Identifier [Axis]: StarCompliance MidCo, LLC, Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 323,000 | [7] | $ 322,000 | [9] | |||
Amortized cost | 190,000 | [7] | 81,000 | [9] | |||
Investments, at fair value | $ 190,000 | [3],[7] | $ 79,000 | [4],[9] | |||
% of net assets | 0.10% | [5],[7] | 0% | [6],[9] | |||
Investment, Identifier [Axis]: TCFIII OWL Buyer LLC, Senior Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 1,999,000 | $ 2,019,000 | |||||
Amortized cost | 1,980,000 | 1,994,000 | |||||
Investments, at fair value | $ 1,994,000 | [3] | $ 2,022,000 | [4] | |||
% of net assets | 1% | [5] | 0.90% | [6] | |||
Investment, Identifier [Axis]: TCFIII OWL Buyer LLC, Senior Secured Loans 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 2,441,000 | $ 2,466,000 | |||||
Amortized cost | 2,441,000 | 2,466,000 | |||||
Investments, at fair value | $ 2,434,000 | [3] | $ 2,469,000 | [4] | |||
% of net assets | 1.20% | [5] | 1.10% | [6] | |||
Investment, Identifier [Axis]: TCFIII OWL Buyer LLC, Senior Secured Loans 3 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 2,190,000 | $ 2,213,000 | |||||
Amortized cost | 2,168,000 | 2,182,000 | |||||
Investments, at fair value | $ 2,185,000 | [3] | $ 2,215,000 | [4] | |||
% of net assets | 1.10% | [5] | 1% | [6] | |||
Investment, Identifier [Axis]: TJ Management HoldCo LLC, Common stock | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 16 | ||||||
Investments, at fair value | $ 3,229,000 | $ 2,766,000 | |||||
Investment, Identifier [Axis]: TJ Management HoldCo LLC, Equity Securities, Common stock | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 16 | [16] | 16 | [17] | |||
Amortized cost | $ 1,631,000 | [16] | $ 1,631,000 | [17] | |||
Investments, at fair value | $ 3,229,000 | [3],[16] | $ 2,766,000 | [4],[17] | |||
% of net assets | 1.60% | [5],[16] | 1.20% | [6],[17] | |||
Investment, Identifier [Axis]: TJ Management HoldCo LLC, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Investments, at fair value | $ 0 | $ 80,000 | |||||
Investment, Identifier [Axis]: TJ Management HoldCo LLC, Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | 477,000 | [7] | 477,000 | [9] | |||
Amortized cost | 0 | [7] | 80,000 | [9] | |||
Investments, at fair value | $ 0 | [3],[7] | $ 80,000 | [4],[9] | |||
% of net assets | 0% | [5],[7] | 0% | [6],[9] | |||
Investment, Identifier [Axis]: TJ Management HoldCo, LLC (Revolver) | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Investments, at fair value | $ 80,000 | 0 | |||||
Investment, Identifier [Axis]: TJ Management HoldCo, LLC, Common stock | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 16 | ||||||
Investments, at fair value | $ 2,766,000 | $ 3,148,000 | |||||
Investment, Identifier [Axis]: The Kyjen Company, LLC, Senior Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 1% | 0.50% | |||||
Principal | $ 988,000 | $ 986,000 | |||||
Amortized cost | 982,000 | 979,000 | |||||
Investments, at fair value | $ 978,000 | [3] | $ 975,000 | [4] | |||
% of net assets | 0.50% | [5] | 0.50% | [6] | |||
Investment, Identifier [Axis]: The Kyjen Company, LLC, Senior Secured Loans 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 12.96% | 11.42% | |||||
Principal | $ 1,000 | $ 0 | |||||
Amortized cost | 1,000 | 0 | |||||
Investments, at fair value | $ 1,000 | [3] | $ 0 | [4] | |||
% of net assets | 0% | [5] | 0% | [6] | |||
Investment, Identifier [Axis]: The Kyjen Company, LLC, Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 1% | [7] | 0.50% | [9] | |||
Principal | $ 105,000 | [7] | $ 105,000 | [9] | |||
Amortized cost | 0 | [7] | 89,000 | [9] | |||
Investments, at fair value | $ 0 | [3],[7] | $ 88,000 | [4],[9] | |||
% of net assets | 0% | [5],[7] | 0% | [6],[9] | |||
Investment, Identifier [Axis]: Thrasio, LLC, Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 2,433,000 | $ 2,445,000 | |||||
Amortized cost | 2,432,000 | 2,440,000 | |||||
Investments, at fair value | $ 1,408,000 | [3] | $ 2,445,000 | [4] | |||
% of net assets | 0.70% | [5] | 1.10% | [6] | |||
Investment, Identifier [Axis]: TigerConnect, Inc., Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 3.63% | ||||||
Principal | $ 3,000,000 | $ 3,000,000 | |||||
Amortized cost | 2,955,000 | 2,947,000 | |||||
Investments, at fair value | $ 2,940,000 | [3] | $ 2,963,000 | [4] | |||
% of net assets | 1.40% | [5] | 1.30% | [6] | |||
Investment, Identifier [Axis]: TigerConnect, Inc., Senior Secured Loans Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [9] | $ 429,000 | |||||
Amortized cost | [9] | 0 | |||||
Investments, at fair value | [4],[9] | $ 0 | |||||
% of net assets | [6],[9] | 0% | |||||
Investment, Identifier [Axis]: TigerConnect, Inc., Senior Secured Loans, Delayed Draw | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | [9],[10] | 3.63% | |||||
Principal | $ 225,000 | [7],[8] | $ 124,000 | [9],[10] | |||
Amortized cost | 136,000 | [7],[8] | 28,000 | [9],[10] | |||
Investments, at fair value | $ 133,000 | [3],[7],[8] | $ 27,000 | [4],[9],[10] | |||
% of net assets | 0.10% | [5],[7],[8] | 0% | [6],[9],[10] | |||
Investment, Identifier [Axis]: TigerConnect, Inc., Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [7] | $ 429,000 | |||||
Amortized cost | [7] | 0 | |||||
Investments, at fair value | [3],[7] | $ 0 | |||||
% of net assets | [5],[7] | 0% | |||||
Investment, Identifier [Axis]: V10 Entertainment, Inc. , Equity Securities, Common units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | [32] | 392,157 | |||||
Amortized cost | [32] | $ 203,000 | |||||
Investments, at fair value | [3],[32] | $ 185,000 | |||||
% of net assets | [5],[32] | 0.10% | |||||
Investment, Identifier [Axis]: V10 Entertainment, Inc., Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 3,980,000 | ||||||
Amortized cost | 3,878,000 | ||||||
Investments, at fair value | [3] | $ 4,013,000 | |||||
% of net assets | [5] | 2% | |||||
Investment, Identifier [Axis]: V10 Entertainment, Inc., Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [7] | $ 458,000 | |||||
Amortized cost | [7] | 0 | |||||
Investments, at fair value | [3],[7] | $ 0 | |||||
% of net assets | [5],[7] | 0% | |||||
Investment, Identifier [Axis]: VB E1, LLC, Unitranche Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 2,250,000 | $ 2,250,000 | |||||
Amortized cost | 2,250,000 | 2,250,000 | |||||
Investments, at fair value | $ 2,250,000 | [3] | $ 2,257,000 | [4] | |||
% of net assets | 1.10% | [5] | 1% | [6] | |||
Investment, Identifier [Axis]: VPS Holdings, LLC, Senior Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 2% | ||||||
Principal | $ 2,397,000 | $ 3,246,000 | |||||
Amortized cost | 2,388,000 | 3,222,000 | |||||
Investments, at fair value | $ 2,405,000 | [3] | $ 3,252,000 | [4] | |||
% of net assets | 1.20% | [5] | 1.40% | [6] | |||
Investment, Identifier [Axis]: VPS Holdings, LLC, Senior Secured Loans 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 2% | ||||||
Principal | $ 1,971,000 | $ 2,656,000 | |||||
Amortized cost | 1,971,000 | 2,656,000 | |||||
Investments, at fair value | $ 1,978,000 | [3] | $ 2,661,000 | [4] | |||
% of net assets | 1% | [5] | 1.20% | [6] | |||
Investment, Identifier [Axis]: VPS Holdings, LLC, Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | [9] | 2% | |||||
Principal | $ 1,003,000 | [7] | $ 1,002,000 | [9] | |||
Amortized cost | 603,000 | [7] | 102,000 | [9] | |||
Investments, at fair value | $ 603,000 | [3],[7] | $ 102,000 | [4],[9] | |||
% of net assets | 0.30% | [5],[7] | 0% | [6],[9] | |||
Investment, Identifier [Axis]: Valudor Products LLC, Equity Securities, Class A-1 units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 501,014 | [16] | 501,014 | [17] | |||
Interest rate paid in kind | 10% | [16] | 10% | [17] | |||
Amortized cost | $ 501,000 | [16] | $ 501,000 | [17] | |||
Investments, at fair value | $ 307,000 | [3],[16] | $ 555,000 | [4],[17] | |||
% of net assets | 0.20% | [5],[16] | 0.20% | [6],[17] | |||
Investment, Identifier [Axis]: Valudor Products LLC, Senior Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 1.50% | 1.50% | |||||
Principal | $ 1,581,000 | $ 1,609,000 | |||||
Amortized cost | 1,581,000 | 1,606,000 | |||||
Investments, at fair value | $ 1,875,000 | [3] | $ 1,958,000 | [4] | |||
% of net assets | 0.90% | [5] | 0.90% | [6] | |||
Investment, Identifier [Axis]: Valudor Products LLC, Senior Secured Loans 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 12.97% | [25] | 11.89% | [33] | |||
Principal | $ 295,000 | [25] | $ 260,000 | [33] | |||
Amortized cost | 295,000 | [25] | 260,000 | [33] | |||
Investments, at fair value | $ 287,000 | [3],[25] | $ 312,000 | [4],[33] | |||
% of net assets | 0.10% | [5],[25] | 0.10% | [6],[33] | |||
Investment, Identifier [Axis]: Valudor Products LLC, Senior Secured Loans 3 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 502,000 | $ 502,000 | |||||
Amortized cost | 502,000 | 502,000 | |||||
Investments, at fair value | $ 1,464,000 | [3] | $ 1,565,000 | [4] | |||
% of net assets | 0.70% | [5] | 0.70% | [6] | |||
Investment, Identifier [Axis]: Valudor Products LLC, Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 1,095,000 | [7] | $ 1,095,000 | [9] | |||
Amortized cost | 55,000 | [7] | 55,000 | [9] | |||
Investments, at fair value | $ 54,000 | [3],[7] | $ 55,000 | [4],[9] | |||
% of net assets | 0% | [5],[7] | 0% | [6],[9] | |||
Investment, Identifier [Axis]: Vero Biotech Inc., Equity Securities, Warrant | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Warrants to purchase percentage of equity | 19% | ||||||
Amortized cost | $ 0 | ||||||
Investments, at fair value | [3] | $ 0 | |||||
% of net assets | [5] | 0% | |||||
Investment, Identifier [Axis]: Vero Biotech Inc., Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 2,500,000 | ||||||
Amortized cost | 2,475,000 | ||||||
Investments, at fair value | [3] | $ 2,475,000 | |||||
% of net assets | [5] | 1.20% | |||||
Investment, Identifier [Axis]: Vhagar Purchaser, LLC, Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 3,000,000 | ||||||
Amortized cost | 2,917,000 | ||||||
Investments, at fair value | [3] | $ 3,000,000 | |||||
% of net assets | [5] | 1.50% | |||||
Investment, Identifier [Axis]: Vhagar Purchaser, LLC, Senior Secured Loans, Delayed Draw | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [7],[8] | $ 667,000 | |||||
Amortized cost | [7],[8] | 150,000 | |||||
Investments, at fair value | [3],[7],[8] | $ 150,000 | |||||
% of net assets | [5],[7],[8] | 0.10% | |||||
Investment, Identifier [Axis]: Vhagar Purchaser, LLC, Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [7] | $ 333,000 | |||||
Amortized cost | [7] | 0 | |||||
Investments, at fair value | [3],[7] | $ 0 | |||||
% of net assets | [5],[7] | 0% | |||||
Investment, Identifier [Axis]: Vice Acquisition Holdco, LLC (fka Vice Group Holding Inc.), Equity Securities, Class A units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | [34] | 1,480,000 | |||||
Amortized cost | [34] | $ 1,480,000 | |||||
Investments, at fair value | [3],[34] | $ 604,000 | |||||
% of net assets | [5],[34] | 0.30% | |||||
Investment, Identifier [Axis]: Vice Acquisition Holdco, LLC (fka Vice Group Holding Inc.), Junior Secured Loans 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [34] | $ 122,000 | |||||
Amortized cost | [34] | 122,000 | |||||
Investments, at fair value | [3],[34] | $ 0 | |||||
% of net assets | [5],[34] | 0% | |||||
Investment, Identifier [Axis]: Vice Acquisition Holdco, LLC (fka Vice Group Holding Inc.), Junior Secured Loans 3 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [34] | $ 200,000 | |||||
Amortized cost | [34] | 200,000 | |||||
Investments, at fair value | [3],[34] | $ 0 | |||||
% of net assets | [5],[34] | 0% | |||||
Investment, Identifier [Axis]: Vice Acquisition Holdco, LLC (fka Vice Group Holding Inc.), Junior Secured Loans 4 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [34] | $ 76,000 | |||||
Amortized cost | [34] | 76,000 | |||||
Investments, at fair value | [3],[34] | $ 0 | |||||
% of net assets | [5],[34] | 0% | |||||
Investment, Identifier [Axis]: Vice Acquisition Holdco, LLC (fka Vice Group Holding Inc.), Junior Secured Loans 5 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | [34] | 13.64% | |||||
Principal | [34] | $ 528,000 | |||||
Amortized cost | [34] | 528,000 | |||||
Investments, at fair value | [3],[34] | $ 464,000 | |||||
% of net assets | [5],[34] | 0.20% | |||||
Investment, Identifier [Axis]: Vice Acquisition Holdco, LLC (fka Vice Group Holding Inc.), Junior Secured Loans1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [34] | $ 637,000 | |||||
Amortized cost | [34] | 637,000 | |||||
Investments, at fair value | [3],[34] | $ 0 | |||||
% of net assets | [5],[34] | 0% | |||||
Investment, Identifier [Axis]: Vice Acquisition Holdco, LLC (fka Vice Group Holding Inc.), Senior Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | [34] | 13.64% | |||||
Principal | [34] | $ 671,000 | |||||
Amortized cost | [34] | 671,000 | |||||
Investments, at fair value | [3],[34] | $ 658,000 | |||||
% of net assets | [5],[34] | 0.30% | |||||
Investment, Identifier [Axis]: Vice Acquisition Holdco, LLC (fka Vice Group Holding Inc.), Senior Secured Loans 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | [34] | 13.64% | |||||
Principal | [34] | $ 203,000 | |||||
Amortized cost | [34] | 203,000 | |||||
Investments, at fair value | [3],[34] | $ 199,000 | |||||
% of net assets | [5],[34] | 0.10% | |||||
Investment, Identifier [Axis]: Vice Acquisition Holdco, LLC (fka Vice Group Holding Inc.), Senior Secured Loans, Delayed Draw | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | [7],[8],[34] | 13.65% | |||||
Principal | [7],[8],[34] | $ 353,000 | |||||
Amortized cost | [7],[8],[34] | 297,000 | |||||
Investments, at fair value | [3],[7],[8],[34] | $ 292,000 | |||||
% of net assets | [5],[7],[8],[34] | 0.20% | |||||
Investment, Identifier [Axis]: Vice Group Holding Inc., Senior Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 12% | ||||||
Principal | $ 1,691,000 | ||||||
Amortized cost | 1,691,000 | ||||||
Investments, at fair value | [4] | $ 1,657,000 | |||||
% of net assets | [6] | 0.70% | |||||
Investment, Identifier [Axis]: Vice Group Holding Inc., Senior Secured Loans 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 12% | ||||||
Principal | $ 325,000 | ||||||
Amortized cost | 325,000 | ||||||
Investments, at fair value | [4] | $ 318,000 | |||||
% of net assets | [6] | 0.20% | |||||
Investment, Identifier [Axis]: Vice Group Holding Inc., Senior Secured Loans 3 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 12% | ||||||
Principal | $ 531,000 | ||||||
Amortized cost | 531,000 | ||||||
Investments, at fair value | [4] | $ 520,000 | |||||
% of net assets | [6] | 0.20% | |||||
Investment, Identifier [Axis]: Vice Group Holding Inc., Senior Secured Loans 4 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 12% | ||||||
Principal | $ 200,000 | ||||||
Amortized cost | 200,000 | ||||||
Investments, at fair value | [4] | $ 196,000 | |||||
% of net assets | [6] | 0.10% | |||||
Investment, Identifier [Axis]: Vinci Brands LLC, Unitranche Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | [19] | 2% | |||||
Principal | $ 7,026,000 | ||||||
Amortized cost | 7,026,000 | ||||||
Investments, at fair value | [4] | $ 0 | |||||
% of net assets | [6] | 0% | |||||
Investment, Identifier [Axis]: Vinci Brands LLC, Unitranche Secured Loans 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | [19] | 2% | |||||
Principal | $ 3,065,000 | ||||||
Amortized cost | 3,065,000 | ||||||
Investments, at fair value | [4] | $ 0 | |||||
% of net assets | [6] | 0% | |||||
Investment, Identifier [Axis]: Vinci Brands LLC, Unitranche Secured Loans 3 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | [19] | 2% | |||||
Principal | $ 13,552,000 | ||||||
Amortized cost | 13,528,000 | ||||||
Investments, at fair value | [4] | $ 0 | |||||
% of net assets | [6] | 0% | |||||
Investment, Identifier [Axis]: Vinci Brands LLC, Unitranche Secured Loans 4 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | [19] | 2% | |||||
Principal | $ 1,149,000 | ||||||
Amortized cost | 1,149,000 | ||||||
Investments, at fair value | [4] | $ 0 | |||||
% of net assets | [6] | 0% | |||||
Investment, Identifier [Axis]: W3 Monroe RE Debt LLC, Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 10% | [11] | 10% | [14] | |||
Principal | $ 3,542,000 | [11] | $ 3,210,000 | [14] | |||
Amortized cost | 3,542,000 | [11] | 3,210,000 | [14] | |||
Investments, at fair value | $ 3,631,000 | [3],[11] | $ 3,210,000 | [4],[14] | |||
% of net assets | 1.80% | [5],[11] | 1.40% | [6],[14] | |||
Investment, Identifier [Axis]: W3 Monroe RE Debt LLC, Senior Secured Loans, Delayed Draw | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | [7],[8],[11] | 10% | |||||
Principal | [7],[8],[11] | $ 270,000 | |||||
Amortized cost | [7],[8],[11] | 172,000 | |||||
Investments, at fair value | [3],[7],[8],[11] | $ 176,000 | |||||
% of net assets | [5],[7],[8],[11] | 0.10% | |||||
Investment, Identifier [Axis]: Whistler Parent Holdings III, Inc., Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 4,500,000 | ||||||
Amortized cost | 4,415,000 | ||||||
Investments, at fair value | [4] | $ 4,457,000 | |||||
% of net assets | [6] | 2% | |||||
Investment, Identifier [Axis]: Whistler Parent Holdings III, Inc., Senior Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 4.75% | ||||||
Principal | $ 4,554,000 | ||||||
Amortized cost | 4,481,000 | ||||||
Investments, at fair value | [3] | $ 4,509,000 | |||||
% of net assets | [5] | 2.20% | |||||
Investment, Identifier [Axis]: Whistler Parent Holdings III, Inc., Senior Secured Loans 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 4.75% | ||||||
Principal | $ 57,000 | ||||||
Amortized cost | 57,000 | ||||||
Investments, at fair value | [3] | $ 56,000 | |||||
% of net assets | [5] | 0% | |||||
Investment, Identifier [Axis]: Whistler Parent Holdings III, Inc., Senior Secured Loans Delayed Draw | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [9],[10] | $ 1,406,000 | |||||
Amortized cost | [9],[10] | 56,000 | |||||
Investments, at fair value | [4],[9],[10] | $ 56,000 | |||||
% of net assets | [6],[9],[10] | 0% | |||||
Investment, Identifier [Axis]: Whistler Parent Holdings III, Inc., Senior Secured Loans Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [9] | $ 563,000 | |||||
Amortized cost | [9] | 84,000 | |||||
Investments, at fair value | [4],[9] | $ 84,000 | |||||
% of net assets | [6],[9] | 0% | |||||
Investment, Identifier [Axis]: Whistler Parent Holdings III, Inc., Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 4.75% | ||||||
Principal | $ 569,000 | ||||||
Amortized cost | 569,000 | ||||||
Investments, at fair value | [3] | $ 564,000 | |||||
% of net assets | [5] | 0.30% | |||||
Investment, Identifier [Axis]: WillowTree, LLC, Unitranche Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 7,326,000 | ||||||
Amortized cost | 7,301,000 | ||||||
Investments, at fair value | [4] | $ 7,326,000 | |||||
% of net assets | [6] | 3.30% | |||||
Investment, Identifier [Axis]: Witkoff/Monroe 700 JV LLC, Equity Securities, Preferred units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 2,141 | [11],[16] | 2,141 | [14],[17] | |||
Interest rate paid in kind | 4% | [11],[16] | 4% | [14],[17] | |||
Amortized cost | $ 3,000 | [11],[16] | $ 2,000 | [14],[17] | |||
Investments, at fair value | $ 2,152,000 | [3],[11],[16] | $ 1,047,000 | [4],[14],[17] | |||
% of net assets | 1.10% | [5],[11],[16] | 0.50% | [6],[14],[17] | |||
Investment, Identifier [Axis]: Witkoff/Monroe 700 JV LLC, Junior Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | [11] | 4% | |||||
Principal | [11] | $ 6,901,000 | |||||
Amortized cost | [11] | 6,901,000 | |||||
Investments, at fair value | [3],[11] | $ 6,794,000 | |||||
% of net assets | [5],[11] | 3.30% | |||||
Investment, Identifier [Axis]: Witkoff/Monroe 700 JV LLC, Junior Secured Loans 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | [11] | 4% | |||||
Principal | [11] | $ 1,194,000 | |||||
Amortized cost | [11] | 1,194,000 | |||||
Investments, at fair value | [3],[11] | $ 1,175,000 | |||||
% of net assets | [5],[11] | 0.60% | |||||
Investment, Identifier [Axis]: Witkoff/Monroe 700 JV LLC, Junior Secured Loans, Delayed Draw | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Interest rate paid in kind | 4% | [7],[8],[11] | 4% | [9],[10],[14] | |||
Principal | $ 2,147,000 | [7],[8],[11] | $ 6,708,000 | [9],[10],[14] | |||
Amortized cost | 1,378,000 | [7],[8],[11] | 6,014,000 | [9],[10],[14] | |||
Investments, at fair value | $ 1,356,000 | [3],[7],[8],[11] | $ 6,014,000 | [4],[9],[10],[14] | |||
% of net assets | 0.70% | [5],[7],[8],[11] | 2.70% | [6],[9],[10],[14] | |||
Investment, Identifier [Axis]: XanEdu Publishing, Inc., Equity Securities, Class A units | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Number of units held | 49,479 | 49,479 | |||||
Interest rate paid in kind | 8% | 8% | |||||
Amortized cost | $ 49,000 | $ 49,000 | |||||
Investments, at fair value | $ 225,000 | [3] | $ 223,000 | [4] | |||
% of net assets | 0.10% | [5] | 0.10% | [6] | |||
Investment, Identifier [Axis]: XanEdu Publishing, Inc., Senior Secured Loans 1 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 4,441,000 | $ 4,584,000 | |||||
Amortized cost | 4,413,000 | 4,531,000 | |||||
Investments, at fair value | $ 4,441,000 | [3] | $ 4,602,000 | [4] | |||
% of net assets | 2.20% | [5] | 2.10% | [6] | |||
Investment, Identifier [Axis]: XanEdu Publishing, Inc., Senior Secured Loans 2 | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 1,765,000 | $ 1,822,000 | |||||
Amortized cost | 1,744,000 | 1,782,000 | |||||
Investments, at fair value | $ 1,768,000 | [3] | $ 1,829,000 | [4] | |||
% of net assets | 0.90% | [5] | 0.80% | [6] | |||
Investment, Identifier [Axis]: XanEdu Publishing, Inc., Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 742,000 | [7] | $ 742,000 | [9] | |||
Amortized cost | 0 | [7] | 0 | [9] | |||
Investments, at fair value | $ 0 | [3],[7] | $ 0 | [4],[9] | |||
% of net assets | 0% | [5],[7] | 0% | [6],[9] | |||
Investment, Identifier [Axis]: YS WH4 LLC, Senior Secured Loans, Revolver | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | [9],[14] | $ 5,250,000 | |||||
Amortized cost | [9],[14] | 1,776,000 | |||||
Investments, at fair value | [4],[9],[14] | $ 1,776,000 | |||||
% of net assets | [6],[9],[14] | 0.80% | |||||
Investment, Identifier [Axis]: iCIMS, Inc. | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 2,500,000 | ||||||
Amortized cost | 2,462,000 | ||||||
Investments, at fair value | [3] | $ 2,509,000 | |||||
% of net assets | [5] | 1.20% | |||||
Investment, Identifier [Axis]: iCIMS, Inc., Senior Secured Loans | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | |||||||
Principal | $ 2,500,000 | ||||||
Amortized cost | 2,457,000 | ||||||
Investments, at fair value | [4] | $ 2,456,000 | |||||
% of net assets | [6] | 1.10% | |||||
[1]All of the Company's investments are issued by eligible portfolio companies, as defined in the Investment Company Act of 1940 (the “1940 Act”), unless otherwise noted. All of the Company's investments are issued by U.S. portfolio companies unless otherwise noted.[2] All of the Company's investments are issued by eligible portfolio companies, as defined in the Investment Company Act of 1940 (the “1940 Act”), unless otherwise noted. All of the Company's investments are issued by U.S. portfolio companies unless otherwise noted. Because there is no readily available market value for these investments, the fair value of these investments is determined in good faith using significant unobservable inputs by the Valuation Designee. (See Note 4 in the accompanying notes to the consolidated financial statements.) Percentages are based on net assets of $203,724 as of December 31, 2023. Percentages are based on net assets of $225,019 as of December 31, 2022. All or a portion of this commitment was unfunded at December 31, 2023. As such, interest is earned only on the funded portion of this commitment. All or a portion of this commitment was unfunded at December 31, 2022. As such, interest is earned only on the funded portion of this commitment. This delayed draw loan requires that certain financial covenants be met by the portfolio company prior to any fundings. This investment is treated as a non-qualifying investment under Section 55(a) of the 1940 Act. Under the 1940 Act, the Company may not acquire any non-qualifying asset unless, at the time the acquisition is made, qualifying assets represent at least 70% of the Company’s total assets. As of December 31, 2023, non-qualifying assets totaled 23.6% of the Company’s total assets. Note 4 in the accompanying notes to the consolidated financial statements. The fair value of this investment was valued using Level 1 inputs. See Note 4 in the accompanying notes to the consolidated financial statements. This investment is treated as a non-qualifying investment under Section 55(a) of the 1940 Act. Under the 1940 Act, the Company may not acquire any non-qualifying asset unless, at the time the acquisition is made, qualifying assets represent at least 70% of the Company’s total assets. As of December 31, 2022, non-qualifying assets totaled 24.7% of the Company’s total assets. Note 2 in the accompanying notes to the consolidated financial statements for additional information on the Company’s accounting policies. Investment is held by a taxable subsidiary of the Company. See Note 2 in the accompanying notes to the consolidated financial statements for additional information on the Company’s wholly-owned taxable subsidiaries. Investment is held by a taxable subsidiary of the Company. See Note 2 in the accompanying notes to the consolidated financial statements for additional information on the Company’s wholly-owned taxable subsidiaries. During the year ended December 31, 2022, Curion Holdings, LLC (“Curion”) sold the underlying operating company and repaid the Company’s debt investment. The remaining fair value at December 31, 2022 represents the remaining expected escrow proceeds associated with the sale. The Company continues to hold an equity investment in Curion that is valued at zero at December 31, 2022. This investment is a non-income producing security. This position was on non-accrual status as of December 31, 2022, meaning that the Company has ceased accruing interest income on the position. See Note 2 in the accompanying notes to the consolidated financial statements for additional information on the Company’s accounting policies. As of December 31, 2022, the Company was party to a subscription agreement with a commitment to fund an additional equity investment of $183. The Company restructured its investments in HFZ Capital Group LLC (“HFZ”) and HFZ Member RB portfolio, LLC (“Member RB”) during 2020. As part of the restructuring of HFZ, the Company obtained a 15.9% equity interest in MC Asset Management (Corporate), LLC (“Corporate”). As part of the Member RB restructuring, the Company exchanged its loan in Member RB for a promissory note in MC Asset Management (Industrial), LLC (“Industrial”). Corporate owns 100% of the equity of Industrial. In conjunction with these restructurings, the Company participated $4,758 of principal of its loan to HFZ as an equity contribution to Industrial. This participation did not qualify for sale accounting under ASC Topic 860–Transfers and Servicing because the sale did not meet the definition of a “participating interest”, as defined in the guidance, in order for sale treatment to be allowed. As a result, the Company continues to reflect its full investment in HFZ but has split the loan into two investments. As of December 31, 2022, the Company was party to a subscription agreement with a commitment to fund an equity investment of $43. This is an international company. During 2021, the Company sold its investment in Luxury Optical Holdings Co. The remaining fair value at December 31, 2022 represents the remaining expected escrow proceeds associated with the sale. This loan is denominated in Australian dollars and is translated into U.S. dollars as of the valuation date. As of December 31, 2022, the Company was party to a subscription agreement with a commitment to fund an additional equity investment of $16. During 2020, an arbitrator issued a final award in favor of the estate of Rockdale Blackhawk, LLC (the “Estate”) in the legal proceeding between the Estate and a national insurance carrier. The Company's share of the net proceeds from the award exceeded the contractual obligations due to the Company as a result of the Company’s right to receive excess proceeds pursuant to the terms of a sharing agreement between the lenders and the Estate. This investment is a non-income producing security. This investment represents a note convertible to preferred shares of the borrower. |
CONSOLIDATED SCHEDULE OF INVE_3
CONSOLIDATED SCHEDULE OF INVESTMENTS (Foreign currency forward contracts) $ in Thousands, $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 USD ($) | Dec. 31, 2022 AUD ($) | |
Open Forward Foreign Currency Contract [Line Items] | ||
Unrealized Gain (Loss) | $ 726 | |
Foreign currency forward contract | ||
Open Forward Foreign Currency Contract [Line Items] | ||
Unrealized Gain (Loss) | 1,507 | |
Open Forward Foreign Currency Contract, Identifier [Axis]: Foreign currency forward contract 1 | ||
Open Forward Foreign Currency Contract [Line Items] | ||
Notional Amount to be Purchased | 118 | |
Notional Amount to be Sold | $ 153 | |
Unrealized Gain (Loss) | 14 | |
Open Forward Foreign Currency Contract, Identifier [Axis]: Foreign currency forward contract 10 | ||
Open Forward Foreign Currency Contract [Line Items] | ||
Notional Amount to be Purchased | 114 | |
Notional Amount to be Sold | 148 | |
Unrealized Gain (Loss) | 13 | |
Open Forward Foreign Currency Contract, Identifier [Axis]: Foreign currency forward contract 11 | ||
Open Forward Foreign Currency Contract [Line Items] | ||
Notional Amount to be Purchased | 107 | |
Notional Amount to be Sold | 140 | |
Unrealized Gain (Loss) | 12 | |
Open Forward Foreign Currency Contract, Identifier [Axis]: Foreign currency forward contract 12 | ||
Open Forward Foreign Currency Contract [Line Items] | ||
Notional Amount to be Purchased | 109 | |
Notional Amount to be Sold | 142 | |
Unrealized Gain (Loss) | 12 | |
Open Forward Foreign Currency Contract, Identifier [Axis]: Foreign currency forward contract 13 | ||
Open Forward Foreign Currency Contract [Line Items] | ||
Notional Amount to be Purchased | 115 | |
Notional Amount to be Sold | 150 | |
Unrealized Gain (Loss) | 13 | |
Open Forward Foreign Currency Contract, Identifier [Axis]: Foreign currency forward contract 14 | ||
Open Forward Foreign Currency Contract [Line Items] | ||
Notional Amount to be Purchased | 110 | |
Notional Amount to be Sold | 143 | |
Unrealized Gain (Loss) | 12 | |
Open Forward Foreign Currency Contract, Identifier [Axis]: Foreign currency forward contract 15 | ||
Open Forward Foreign Currency Contract [Line Items] | ||
Notional Amount to be Purchased | 11,827 | |
Notional Amount to be Sold | 15,410 | |
Unrealized Gain (Loss) | 1,329 | |
Open Forward Foreign Currency Contract, Identifier [Axis]: Foreign currency forward contract 2 | ||
Open Forward Foreign Currency Contract [Line Items] | ||
Notional Amount to be Purchased | 108 | |
Notional Amount to be Sold | 140 | |
Unrealized Gain (Loss) | 13 | |
Open Forward Foreign Currency Contract, Identifier [Axis]: Foreign currency forward contract 3 | ||
Open Forward Foreign Currency Contract [Line Items] | ||
Notional Amount to be Purchased | 102 | |
Notional Amount to be Sold | 132 | |
Unrealized Gain (Loss) | 12 | |
Open Forward Foreign Currency Contract, Identifier [Axis]: Foreign currency forward contract 4 | ||
Open Forward Foreign Currency Contract [Line Items] | ||
Notional Amount to be Purchased | 123 | |
Notional Amount to be Sold | 160 | |
Unrealized Gain (Loss) | 14 | |
Open Forward Foreign Currency Contract, Identifier [Axis]: Foreign currency forward contract 5 | ||
Open Forward Foreign Currency Contract [Line Items] | ||
Notional Amount to be Purchased | 93 | |
Notional Amount to be Sold | 121 | |
Unrealized Gain (Loss) | 11 | |
Open Forward Foreign Currency Contract, Identifier [Axis]: Foreign currency forward contract 6 | ||
Open Forward Foreign Currency Contract [Line Items] | ||
Notional Amount to be Purchased | 121 | |
Notional Amount to be Sold | 156 | |
Unrealized Gain (Loss) | 14 | |
Open Forward Foreign Currency Contract, Identifier [Axis]: Foreign currency forward contract 7 | ||
Open Forward Foreign Currency Contract [Line Items] | ||
Notional Amount to be Purchased | 107 | |
Notional Amount to be Sold | 138 | |
Unrealized Gain (Loss) | 12 | |
Open Forward Foreign Currency Contract, Identifier [Axis]: Foreign currency forward contract 8 | ||
Open Forward Foreign Currency Contract [Line Items] | ||
Notional Amount to be Purchased | 113 | |
Notional Amount to be Sold | 146 | |
Unrealized Gain (Loss) | 13 | |
Open Forward Foreign Currency Contract, Identifier [Axis]: Foreign currency forward contract 9 | ||
Open Forward Foreign Currency Contract [Line Items] | ||
Notional Amount to be Purchased | 113 | |
Notional Amount to be Sold | $ 146 | |
Unrealized Gain (Loss) | $ 13 |
Organization and Principal Busi
Organization and Principal Business | 12 Months Ended |
Dec. 31, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Organization and Principal Business | Organization and Principal Business Monroe Capital Corporation (together with its subsidiaries, the “Company”) is an externally managed, non-diversified, closed-end management investment company and has elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation through investment in senior secured, junior secured and unitranche secured (a combination of senior secured and junior secured debt in the same facility in which the Company syndicates a “first out” portion of the loan to an investor and retains a “last out” portion of the loan) debt and, to a lesser extent, unsecured subordinated debt and equity co-investments in preferred and common stock and warrants. The Company is managed by Monroe Capital BDC Advisors, LLC (“MC Advisors”), a registered investment adviser under the Investment Advisers Act of 1940, as amended. In addition, for U.S. federal income tax purposes, the Company has elected to be treated as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). On February 28, 2014, the Company’s wholly-owned subsidiary, Monroe Capital Corporation SBIC, LP (“MRCC SBIC”), a Delaware limited partnership, received a license from the Small Business Administration (“SBA”) to operate as a Small Business Investment Company (“SBIC”) under Section 301(c) of the Small Business Investment Act of 1958, as amended. MRCC SBIC commenced operations on September 16, 2013. MRCC SBIC received approval from the SBA to surrender its SBIC license and on March 31, 2022, MRCC SBIC was dissolved. See Note 7 for additional information. |
Summary of Significant Accounti
Summary of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2023 | |
Accounting Policies [Abstract] | |
Summary of Significant Accounting Policies | Summary of Significant Accounting Policies Basis of Presentation The accompanying consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”). The accompanying consolidated financial statements of the Company and related financial information have been prepared pursuant to the requirements for reporting on Form 10-K and Articles 6 and 10 of Regulation S-X. The Company has determined it meets the definition of an investment company and follows the accounting and reporting guidance in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 946 – Financial Services – Investment Companies (“ASC Topic 946”). Use of Estimates The preparation of the consolidated financial statements in conformity with GAAP requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Consolidation As permitted under ASC Topic 946, the Company will generally not consolidate its investment in a portfolio company other than an investment company subsidiary or a controlled operating company whose business consists of providing services to the Company. Accordingly, the Company consolidated the results of the Company’s wholly-owned subsidiaries, including MRCC SBIC (through its dissolution date on March 31, 2022) and its wholly-owned general partner MCC SBIC GP, LLC, and the Company’s wholly-owned taxable subsidiaries (the “Taxable Subsidiaries”) in its consolidated financial statements. The purpose of the Taxable Subsidiaries is to permit the Company to hold equity investments in portfolio companies that are taxed as partnerships for U.S. federal income tax purposes while complying with the “source of income” requirements contained in the RIC tax provisions. The Taxable Subsidiaries are not consolidated with the Company for U.S. federal corporate income tax purposes, and each Taxable Subsidiary is subject to U.S. federal corporate income tax on its taxable income. All intercompany balances and transactions have been eliminated. The Company does not consolidate its non-controlling interest in MRCC Senior Loan Fund I, LLC (“SLF”). See further description of the Company’s investment in SLF in Note 3. Fair Value of Financial Instruments The Company applies fair value to substantially all of its financial instruments in accordance with ASC Topic 820 — Fair Value Measurements and Disclosures (“ASC Topic 820”). ASC Topic 820 defines fair value, establishes a framework used to measure fair value, and requires disclosures for fair value measurements, including the categorization of financial instruments into a three-level hierarchy based on the transparency of valuation inputs. See Note 4 for further discussion regarding the fair value measurements and hierarchy. ASC Topic 820 requires disclosure of the fair value of financial instruments for which it is practical to estimate such value. The Company believes that the carrying amounts of its other financial instruments such as cash, receivables and payables approximate the fair value of such items due to the short maturity of such instruments. Revenue Recognition The Company’s revenue recognition policies are as follows: Investments and related investment income: Interest and dividend income is recorded on the accrual basis to the extent that the Company expects to collect such amounts. Interest income is accrued based upon the outstanding principal amount and contractual terms of debt and preferred equity investments. Interest is accrued on a daily basis. The Company records fees on loans based on the determination of whether the fee is considered a yield enhancement or payment for a service. If the fee is considered a yield enhancement associated with a funding of cash on a loan, the fee is generally deferred and recognized into interest income using the effective interest method if captured in the cost basis or using the straight-line method if the loan is unfunded and therefore there is no cost basis. If the fee is not considered a yield enhancement because a service was provided, and the fee is payment for that service, the fee is deemed earned and recognized as fee income in the period the service has been completed. Dividend income on preferred equity securities is recorded as dividend income on an accrual basis to the extent that such amounts are payable by the portfolio company and are expected to be collected. Dividend income on common equity securities is recorded on the record date for private portfolio companies. Each distribution received from limited liability company (“LLC”) and limited partnership (“LP”) investments is evaluated to determine if the distribution should be recorded as dividend income or a return of capital. Generally, the Company will not record distributions from equity investments in LLCs and LPs as dividend income unless there are sufficient accumulated tax-basis earnings and profits in the LLC or LP prior to the applicable distribution. Distributions that are classified as a return of capital are recorded as a reduction in the cost basis of the investment. For the years ended December 31, 2023, 2022 and 2021, the Company received return of capital distributions from its equity investments of zero, $290 and $1,177, respectively. The Company has certain investments in its portfolio that contain a payment-in-kind (“PIK”) provision, which represents contractual interest or dividends that are added to the principal balance and recorded as income. The Company stops accruing PIK interest or PIK dividends when it is determined that PIK interest or PIK dividends are no longer collectible. To maintain RIC tax treatment, and to avoid incurring corporate U.S. federal income tax, substantially all of this income must be paid out to stockholders in the form of distributions, even though the Company has not yet collected the cash. Loan origination fees, original issue discount and market discount or premiums are capitalized, and the Company then amortizes such amounts using the effective interest method as interest income over the life of the investment. Unamortized discounts and loan origination fees totaled $3,806 and $4,701 as of December 31, 2023 and 2022, respectively. Upfront loan origination and closing fees received for the years ended December 31, 2023, 2022 and 2021 totaled $1,116, $3,475 and $3,752, respectively. Upon the prepayment of a loan or debt security, any unamortized premium or discount or loan origination fees are recorded as interest income. The components of the Company’s investment income were as follows: For the Years Ended December 31, 2023 2022 2021 Interest income $ 49,779 $ 41,449 $ 35,738 PIK interest income 9,407 6,689 8,320 Dividend income (1) 4,188 4,161 5,712 Fee income (2) (679) 2,380 1,267 Prepayment gain (loss) 553 803 1,691 Accretion of discounts and amortization of premiums 1,049 1,084 1,102 Total investment income $ 64,297 $ 56,566 $ 53,830 ______________________________________________________________ (1) Includes PIK dividends of $477, $475 and $1,164, respectively. (2) Fee income for the year ended December 31, 2023 includes the reversal of $1,559 of previously accrued fee income associated with the Company's former loan investment in IT Global Holding, LLC. Investment transactions are recorded on a trade-date basis. Realized gains or losses on portfolio investments are calculated based upon the difference between the net proceeds from the disposition and the amortized cost basis of the investment, without regard to unrealized gains or losses previously recognized. Realized gains and losses are recorded within net realized gain (loss) on investments on the consolidated statements of operations. Changes in the fair value of investments from the prior period, as determined through the application of the Company’s valuation policy, are included within net change in unrealized gain (loss) on investments on the consolidated statements of operations. Non-accrual: Loans or preferred equity securities are placed on non-accrual status when principal, interest or dividend payments become materially past due, or when there is reasonable doubt that principal, interest or dividends will be collected. Additionally, any original issue discount and market discount are no longer accreted to interest income as of the date the loan is placed on non-accrual status. Interest payments received on non-accrual loans may be recognized as income or applied to principal depending upon management’s judgment. Non-accrual loans are restored to accrual status when past due principal, interest, or dividends are paid, or are expected to be paid, and, in management’s judgment are likely to remain current. The fair value of the Company’s investments on non-accrual status totaled $7,456 and $2,835 at December 31, 2023 and 2022, respectively. Distributions Distributions to common stockholders are recorded on the applicable record date. The amount, if any, to be distributed to common stockholders is determined by the Board each quarter and is generally based upon the Company’s earnings estimated by management. Net realized capital gains, if any, are generally distributed at least annually. The determination of the tax attributes for the Company’s distributions is made annually, based upon its taxable income for the full year and distributions paid for the full year. Ordinary dividend distributions from a RIC do not qualify for the preferential tax rate on qualified 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 capital gains, but may also include qualified dividends or return of capital. In October 2012, the Company adopted a dividend reinvestment plan (“DRIP”) that provides for the reinvestment of dividends on behalf of its stockholders, unless a stockholder has elected to receive dividends in cash. When the Company declares a cash dividend, the Company’s stockholders who have not “opted out” of the DRIP at least three days prior to the dividend payment date will have their cash dividend automatically reinvested into additional shares of the Company’s common stock. The Company has the option to satisfy the share requirements of the DRIP through the issuance of new shares of common stock or through open market purchases of common stock by the DRIP plan administrator. Newly issued shares are valued based upon the final closing price of the Company’s common stock on a date determined by the Board. Shares purchased in the open market to satisfy the DRIP requirements will be valued based upon the average price of the applicable shares purchased by the DRIP plan administrator before any associated brokerage or other costs. See Note 10 for additional information on the Company’s distributions. Segments In accordance with ASC Topic 280 — Segment Reporting , the Company has determined that it has a single reporting segment and operating unit structure. Cash and Cash Equivalents Cash, including cash denominated in foreign currencies, primarily consists of cash, money market funds and short-term, highly liquid investments with original maturities of three months or less. The Company deposits its cash in a financial institution and, at times, such balances may be in excess of the Federal Deposit Insurance Corporation insurance limits. The Company’s deposits are held in high-quality financial institutions and management believes that risk of loss with any uninsured balance is remote. Unamortized Deferred Financing Costs Deferred financing costs represent fees and other direct incremental costs incurred in connection with the Company's borrowings. As of December 31, 2023 and 2022, the Company had unamortized deferred financing costs of $3,235 and $4,486, respectively, presented as a direct reduction of the carrying amount of debt on the consolidated statements of assets and liabilities. These amounts are amortized and included in interest and other debt financing expenses on the consolidated statements of operations over the estimated average life of the borrowings. Amortization of deferred financing costs for the years ended December 31, 2023, 2022 and 2021 was $1,308, $2,126 and $2,205, respectively. Offering Costs Offering costs include, among other things, fees paid in relation to legal, accounting, regulatory and printing work completed in preparation of debt and equity offerings. Offering costs from equity offerings are charged against the proceeds from the offering within the consolidated statements of changes in net assets. Offering costs from debt offerings are reclassified to unamortized deferred financing costs on the consolidated statements of assets and liabilities as noted above. As of December 31, 2023 and 2022, other assets on the consolidated statements of assets and liabilities included $262 and $184, respectively, of deferred offering costs, which will be charged against the proceeds from future debt or equity offerings when completed. Investments Denominated in Foreign Currency As of December 31, 2023, the Company held no investments denominated in foreign currency. As of December 31, 2022, the Company held investments in one portfolio company that was denominated in Australian dollars. At each balance sheet date, portfolio company investments denominated in foreign currencies are translated into U.S. dollars using the spot exchange rate on the last business day of the period. Purchases and sales of foreign portfolio company investments, and any income from such investments, are translated into U.S. dollars using the rates of exchange prevailing on the respective dates of such transactions. Although the fair values of foreign portfolio company investments and the fluctuation in such fair values are translated into U.S. dollars using the applicable foreign exchange rates described above, the Company does not isolate the portion of the change in fair value resulting from foreign currency exchange rates fluctuations from the change in fair value of the underlying investment. All fluctuations in fair value are included in net change in unrealized gain (loss) on investments on the Company’s consolidated statements of operations. Investments denominated in foreign currencies and foreign currency transactions may involve certain consideration and risks not typically associated with those of domestic origin, including unanticipated movements in the value of the foreign currency relative to the U.S. dollar. Derivative Instruments The Company may enter into foreign currency forward contracts to reduce the Company’s exposure to foreign currency exchange rate fluctuations. In a foreign currency forward contract, the Company agrees to receive or deliver a fixed quantity of one currency for another, at a pre-determined price at a future date. Foreign currency forward contracts are marked-to-market based on the difference between the forward rate and the exchange rate at the current period end. Unrealized gain (loss) on foreign currency forward contracts is recorded on the Company’s consolidated statements of assets and liabilities by counterparty on a net basis. The Company does not utilize hedge accounting and as such values its foreign currency forward contracts at fair value with the change in unrealized gain or loss recorded in net change in unrealized gain (loss) on foreign currency forward contracts and the realized gain or loss recorded in net realized gain (loss) on foreign currency forward contracts on the Company’s consolidated statements of operations. Income Taxes The Company has elected to be treated as a RIC under Subchapter M of the Code and operates in a manner so as to qualify for the tax treatment available to RICs. To maintain qualification as a RIC, the Company must, among other things, meet certain source-of-income and asset diversification requirements and distribute to stockholders, for each taxable year, at least 90% of the Company’s “investment company taxable income,” which is generally the Company’s net ordinary income plus the excess, if any, of realized net short-term capital gains over realized net long-term capital losses. If the Company qualifies as a RIC and satisfies the annual distribution requirement, the Company will not have to pay corporate-level federal income taxes on any income that the Company distributes to its stockholders. The Company intends to make distributions in an amount sufficient to maintain RIC status each year and to avoid any federal income taxes on income. The Company is also subject to nondeductible federal excise taxes if the Company does not distribute at least 98% of net ordinary income, 98.2% of any capital gain net income, if any, and any recognized and undistributed income from prior years for which it paid no federal income taxes. To the extent that the Company determines that its estimated current year annual taxable income may exceed estimated current year dividend distributions, the Company accrues excise tax, calculated as 4% of the estimated excess taxable income, if any, as taxable income is earned. For the years ended December 31, 2023, 2022 and 2021, the Company recorded a net expense (benefit) on the consolidated statements of operations of $485, $94, and $278, respectively, for U.S. federal excise tax. As of December 31, 2023 and 2022, the Company had payables for excise taxes of $247 and $1, respectively, which were included in accounts payable and accrued expenses on the Company’s consolidated statements of assets and liabilities. The Company’s consolidated Taxable Subsidiaries may be subject to U.S. federal and state corporate-level income taxes. For the years ended December 31, 2023, 2022 and 2021, the Company recorded a net tax expense of $321, $1,311 and $4, respectively, on the consolidated statements of operations for these subsidiaries. As of both December 31, 2023 and 2022, the Company did not have any payables for corporate-level income taxes. The Company accounts for income taxes in conformity with ASC Topic 740 — Income Taxes (“ASC Topic 740”). ASC Topic 740 provides guidelines for how uncertain tax positions should be recognized, measured, presented and disclosed in the consolidated financial statements. ASC Topic 740 requires the evaluation of tax positions taken in the course of preparing the Company’s tax returns to determine whether the tax positions are “more-likely-than-not” to be sustained by the applicable tax authority. Tax benefits of positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax expense in the current year. It is the Company’s policy to recognize accrued interest and penalties related to uncertain tax benefits in income tax expense. The Company did not take any material uncertain income tax positions through December 31, 2023. The 2020 through 2023 tax years remain subject to examination by U.S. federal and state tax authorities. Subsequent Events The Company has evaluated the need for disclosures and/or adjustments resulting from subsequent events through the date the consolidated financial statements were issued. There have been no subsequent events that occurred during such period that would require disclosure in this Form 10-K or would be required to be recognized in the consolidated financial statements as of and for the year ended December 31, 2023, except as disclosed in Note 14. Recent Accounting Pronouncements In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (“ASU 2020-04”). The amendments in ASU 2020-04 provide optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The standard is effective as of March 12, 2020 through December 31, 2024. The Company did not utilize the optional expedients and exceptions provided by ASU 2020-04 during the year ended December 31, 2023. |
Investments
Investments | 12 Months Ended |
Dec. 31, 2023 | |
Investments [Abstract] | |
Investments | Investments The following tables show the composition of the Company’s investment portfolio, at amortized cost and fair value (with corresponding percentage of total portfolio investments): December 31, 2023 December 31, 2022 Amortized Cost: Senior secured loans $ 393,723 77.1 % $ 436,066 75.3 % Unitranche secured loans 13,740 2.7 45,352 7.8 Junior secured loans 29,372 5.8 21,141 3.6 LLC equity interest in SLF 42,650 8.3 42,650 7.4 Equity securities 31,391 6.1 34,098 5.9 Total $ 510,876 100.0 % $ 579,307 100.0 % December 31, 2023 December 31, 2022 Fair Value: Senior secured loans $ 388,882 79.6 % $ 434,023 80.2 % Unitranche secured loans 13,877 2.8 20,633 3.8 Junior secured loans 26,594 5.5 22,193 4.1 LLC equity interest in SLF 33,122 6.8 35,509 6.6 Equity securities 25,911 5.3 28,682 5.3 Total $ 488,386 100.0 % $ 541,040 100.0 % The following tables show the composition of the Company’s investment portfolio by geographic region, at amortized cost and fair value (with corresponding percentage of total portfolio investments). The geographic composition is determined by the location of the corporate headquarters of the portfolio company, which may not be indicative of the primary source of the portfolio company’s business: December 31, 2023 December 31, 2022 Amortized Cost: International $ — — % $ 11,860 2.1 % Midwest 158,383 31.0 157,558 27.2 Northeast 108,707 21.3 100,961 17.4 Southeast 134,899 26.4 158,548 27.4 Southwest 25,163 4.9 27,348 4.7 West 83,724 16.4 123,032 21.2 Total $ 510,876 100.0 % $ 579,307 100.0 % December 31, 2023 December 31, 2022 Fair Value: International $ — — % $ 10,405 1.9 % Midwest 135,352 27.7 143,691 26.6 Northeast 110,180 22.6 104,157 19.2 Southeast 130,595 26.8 155,624 28.8 Southwest 25,610 5.2 28,287 5.2 West 86,649 17.7 98,876 18.3 Total $ 488,386 100.0 % $ 541,040 100.0 % The following tables show the composition of the Company’s investment portfolio by industry, at amortized cost and fair value (with corresponding percentage of total portfolio investments): December 31, 2023 December 31, 2022 Amortized Cost: Aerospace & Defense $ 7,784 1.5 % $ 7,461 1.3 % Automotive 19,781 3.9 16,775 2.9 Banking 16,290 3.2 17,790 3.1 Beverage, Food & Tobacco 4,481 0.9 15,625 2.7 Capital Equipment 4,880 1.0 18,615 3.2 Chemicals, Plastics & Rubber 2,934 0.6 2,924 0.5 Construction & Building 8,689 1.7 6,642 1.1 Consumer Goods: Durable 8,295 1.6 9,333 1.6 Consumer Goods: Non-Durable 3,415 0.7 28,276 4.9 Environmental Industries 5,421 1.1 6,164 1.1 FIRE: Finance 14,771 2.9 25,021 4.3 FIRE: Real Estate 87,226 17.1 81,922 14.1 Healthcare & Pharmaceuticals 70,992 13.9 59,659 10.3 High Tech Industries 42,123 8.2 52,385 9.0 Hotels, Gaming & Leisure 111 — 2,702 0.5 Investment Funds & Vehicles 42,650 8.3 42,650 7.4 Media: Advertising, Printing & Publishing 18,267 3.6 17,470 3.0 Media: Broadcasting & Subscription 4,214 0.8 2,747 0.5 Media: Diversified & Production 41,734 8.2 36,018 6.2 Retail 2,443 0.5 9,247 1.6 Services: Business 55,852 10.9 56,249 9.7 Services: Consumer 25,283 4.9 40,086 6.9 Telecommunications 7,262 1.4 7,502 1.3 Wholesale 15,978 3.1 16,044 2.8 Total $ 510,876 100.0 % $ 579,307 100.0 % December 31, 2023 December 31, 2022 Fair Value: Aerospace & Defense $ 7,876 1.6 % $ 7,436 1.4 % Automotive 18,495 3.8 16,637 3.1 Banking 15,385 3.2 19,817 3.7 Beverage, Food & Tobacco 6,098 1.2 12,470 2.3 Capital Equipment 4,893 1.0 19,012 3.5 Chemicals, Plastics & Rubber 3,987 0.8 4,445 0.8 Construction & Building 8,813 1.8 6,706 1.2 Consumer Goods: Durable 8,242 1.7 9,338 1.7 Consumer Goods: Non-Durable 2,387 0.5 3,508 0.6 Environmental Industries 5,896 1.2 6,558 1.2 FIRE: Finance 15,388 3.3 23,892 4.4 FIRE: Real Estate 85,153 17.4 82,498 15.2 Healthcare & Pharmaceuticals 69,354 14.2 59,273 11.0 High Tech Industries 40,723 8.3 52,891 9.8 Hotels, Gaming & Leisure 110 — 2,720 0.5 Investment Funds & Vehicles 33,122 6.8 35,509 6.6 Media: Advertising, Printing & Publishing 20,238 4.1 19,777 3.7 Media: Broadcasting & Subscription 2,217 0.5 2,691 0.5 Media: Diversified & Production 41,897 8.6 36,164 6.7 Retail 1,995 0.4 9,306 1.7 Services: Business 56,655 11.6 57,308 10.6 Services: Consumer 16,772 3.4 31,324 5.8 Telecommunications 7,508 1.5 7,595 1.4 Wholesale 15,182 3.1 14,165 2.6 Total $ 488,386 100.0 % $ 541,040 100.0 % MRCC Senior Loan Fund I, LLC The Company co-invests with Life Insurance Company of the Southwest (“LSW”) in senior secured loans through SLF, an unconsolidated Delaware LLC. SLF is capitalized as underlying investment transactions are completed, taking into account available debt and equity commitments available for funding these investments. All portfolio and investment decisions in respect to SLF must be approved by the SLF investment committee, consisting of one representative from the Company and one representative from LSW. SLF may cease making new investments upon notification of either member but operations will continue until all investments have been sold or paid-off in the normal course of business. Investments held by SLF are measured at fair value using the same valuation methodologies as described in Note 4. The Company’s investment is illiquid in nature as SLF does not allow for withdrawal from the LLC or the sale of a member’s interest unless approved by the board members of SLF. The full withdrawal of a member would result in an orderly wind-down of SLF. SLF’s profits and losses are allocated to the Company and LSW in accordance with their respective ownership interests. As of both December 31, 2023 and 2022, the Company and LSW each owned 50.0% of the LLC equity interests of SLF. As of both December 31, 2023 and 2022, SLF had $100,000 in equity commitments from its members (in the aggregate), of which $85,300 was funded. As of both December 31, 2023 and 2022, the Company had committed to fund $50,000 of LLC equity interest subscriptions to SLF. As of both December 31, 2023 and 2022, $42,650 of the Company's LLC equity interest subscriptions to SLF had been called and contributed, net of return of capital distributions subject to recall. For the years ended December 31, 2023, 2022 and 2021, the Company received $3,600, $3,600 and $4,325 of dividend income from its LLC equity interest in SLF, respectively. SLF has a senior secured revolving credit facility (as amended, the “SLF Credit Facility”) with Capital One, N.A., through its wholly-owned subsidiary MRCC Senior Loan Fund I Financing SPV, LLC (“SLF SPV”). The SLF Credit Facility allows SLF SPV to borrow up to $110,000, (reduced from $175,000 on June 9, 2023), subject to leverage and borrowing base restrictions. Borrowings on the SLF Credit Facility bear interest at an annual rate of SOFR (three-month) plus 2.10% and the SLF Credit Facility has a maturity date of November 23, 2031. SLF does not pay any fees to MC Advisors or its affiliates; however, SLF has entered into an administration agreement with Monroe Capital Management Advisors, LLC (“MC Management”), pursuant to which certain loan servicing and administrative functions are delegated to MC Management. SLF may reimburse MC Management for its allocable share of overhead and other expenses incurred by MC Management. For the years ended December 31, 2023, 2022 and 2021, SLF incurred $209 , $237, and $211, of allocable expenses, respectively. There are no agreements or understandings by which the Company guarantees any SLF obligations. As of December 31, 2023 and 2022, SLF had total assets at fair value of $148,449 and $192,830, respectively. As of December 31, 2023 and 2022, SLF had four and one portfolio company investments on non-accrual status with a fair value of $4,260 and $415, respectively. The portfolio companies in SLF are in industries and geographies similar to those in which the Company may invest directly. Additionally, as of December 31, 2023 and 2022, SLF had $3,332 and $4,579, respectively, in outstanding commitments to fund investments under undrawn revolvers and delayed draw commitments. Below is a summary of SLF’s portfolio, followed by a listing of the individual investments in SLF’s portfolio as of December 31, 2023 and 2022: December 31, 2023 December 31, 2022 Senior secured loans (1) 150,674 197,867 Weighted average current interest rate on senior secured loans (2) 10.2 % 9.7 % Number of portfolio company investments in SLF 49 60 Largest portfolio company investment (1) 6,580 6,650 Total of five largest portfolio company investments (1) 26,415 27,026 ______________________________________________________________ (1) Represents outstanding principal amount, excluding unfunded commitments. (2) Computed as the (a) annual stated interest rate on accruing senior secured loans divided by (b) total senior secured loans at outstanding principal amount. Portfolio Company (a) Index (b) Spread (b) Interest Rate (b) Maturity Principal Fair Value Non-Controlled/Non-Affiliate Company Investments Senior Secured Loans Aerospace & Defense Trident Maritime Systems, Inc. SF 5.60 % 10.95 % 2/26/2027 2,414 $ 2,385 Trident Maritime Systems, Inc. SF 5.60 % 10.95 % 2/26/2027 746 737 Trident Maritime Systems, Inc. SF 5.60 % 10.96 % 2/26/2027 188 186 Trident Maritime Systems, Inc. (Revolver) SF 5.60 % 10.96 % 2/26/2027 319 315 3,667 3,623 Automotive Accelerate Auto Works Intermediate, LLC SF 4.90 % 10.29 % 12/1/2027 1,358 1,342 Accelerate Auto Works Intermediate, LLC SF 4.90 % 10.30 % 12/1/2027 388 383 Accelerate Auto Works Intermediate, LLC (Revolver) (d) SF 4.90 % 10.29 % 12/1/2027 132 — Truck-Lite Co., LLC SF 6.35 % 11.71 % 12/14/2026 1,674 1,670 Truck-Lite Co., LLC SF 6.35 % 11.71 % 12/14/2026 248 248 Truck-Lite Co., LLC SF 6.35 % 11.71 % 12/14/2026 42 42 3,842 3,685 Beverage, Food & Tobacco SW Ingredients Holdings, LLC SF 4.75 % 10.21 % 7/3/2025 3,544 3,539 3,544 3,539 Capital Equipment DS Parent, Inc. SF 5.75 % 11.21 % 12/8/2028 2,700 2,706 MacQueen Equipment, LLC SF 5.51 % 10.86 % 1/7/2028 2,075 2,075 MacQueen Equipment, LLC (Delayed Draw) (d) SF 5.51 % 10.86 % 1/7/2028 591 78 MacQueen Equipment, LLC (Revolver) (d) SF 5.51 % 10.86 % 1/7/2028 296 — 5,662 4,859 Chemicals, Plastics & Rubber Phoenix Chemical Holding Company LLC SF 7.11 % 12.47 % 8/2/2024 1,131 1,020 TJC Spartech Acquisition Corp. SF 4.75 % 10.16 % 5/5/2028 4,210 4,063 5,341 5,083 Consumer Goods: Durable Elevate Textiles, Inc. (fka International Textile Group, Inc.) (e) SF 6.65 % 12.04 % 9/30/2027 798 798 Runner Buyer INC. SF 5.61 % 11.00 % 10/23/2028 2,948 2,333 3,746 3,131 Consumer Goods: Non-Durable PH Beauty Holdings III, INC. SF 5.00 % 10.35 % 9/26/2025 2,368 2,253 2,368 2,253 Containers, Packaging & Glass Polychem Acquisition, LLC SF 5.11 % 10.47 % 3/17/2025 2,858 2,855 PVHC Holding Corp SF 5.65 % 11.00% Cash / 0.75% PIK 2/17/2027 1,895 1,895 4,753 4,750 Energy: Oil & Gas Offen, Inc. SF 5.11 % 10.47 % 6/22/2026 2,249 2,249 Offen, Inc. SF 5.11 % 10.47 % 6/22/2026 858 858 3,107 3,107 Portfolio Company (a) Index (b) Spread (b) Interest Rate (b) Maturity Principal Fair Value FIRE: Finance Harbour Benefit Holdings, Inc. SF 5.15 % 10.50 % 12/13/2024 2,854 $ 2,852 Harbour Benefit Holdings, Inc. SF 5.10 % 10.46 % 12/13/2024 61 61 Minotaur Acquisition, Inc. SF 4.85 % 10.21 % 3/27/2026 4,806 4,814 TEAM Public Choices, LLC SF 5.43 % 10.88 % 12/17/2027 2,925 2,908 10,646 10,635 FIRE: Real Estate Avison Young (USA) Inc. (c)(e) SF 6.50 % 11.97 % 1/30/2026 4,775 1,564 4,775 1,564 Healthcare & Pharmaceuticals Cano Health, LLC (e) SF 4.10 % 9.42 % 11/23/2027 1,950 857 HAH Group Holding Company LLC SF 5.00 % 10.46 % 10/29/2027 2,950 2,942 LSCS Holdings, Inc. SF 4.61 % 9.97 % 12/15/2028 1,809 1,786 Natus Medical Incorporated SF 5.50 % 10.85 % 7/20/2029 4,950 4,604 Paragon Healthcare, Inc. SF 5.85 % 11.25 % 1/19/2027 2,105 2,083 Paragon Healthcare, Inc. SF 5.75 % 11.22 % 1/19/2027 363 359 Paragon Healthcare, Inc. (Revolver) (d) SF 5.75 % 11.22 % 1/19/2027 490 — Radiology Partners, Inc. SF 4.68 % 10.18 % 7/9/2025 4,737 3,844 19,354 16,475 High Tech Industries Corel Inc. (c) SF 5.10 % 10.49 % 7/2/2026 3,400 3,323 Lightbox Intermediate, L.P. SF 5.26 % 10.61 % 5/11/2026 4,775 4,632 TGG TS Acquisition Company SF 6.61 % 11.97 % 12/12/2025 2,885 2,791 11,060 10,746 Hotels, Gaming & Leisure Excel Fitness Holdings, Inc. SF 5.40 % 10.75 % 4/27/2029 4,320 4,308 Excel Fitness Holdings, Inc. (Revolver) (d) SF 5.40 % 10.75 % 4/28/2028 625 — North Haven Spartan US Holdco, LLC SF 6.25 % 11.63 % 6/6/2025 2,250 2,241 Tait LLC SF 4.50 % 10.00 % 3/28/2025 4,040 4,026 Tait LLC (Revolver) (d) SF 4.50 % 10.00 % 3/28/2025 769 — 12,004 10,575 Media: Diversified & Production Research Now Group, Inc. and Survey Sampling International, LLC SF 5.76 % 11.14 % 12/20/2024 6,580 4,914 STATS Intermediate Holdings, LLC SF 5.51 % 10.88 % 7/10/2026 4,800 4,684 TA TT Buyer, LLC SF 5.00 % 10.35 % 3/30/2029 3,292 3,275 14,672 12,873 Services: Business CHA Holdings, Inc SF 4.61 % 9.97 % 4/10/2025 1,939 1,908 CHA Holdings, Inc SF 4.61 % 9.97 % 4/10/2025 409 402 Eliassen Group, LLC SF 5.50 % 10.85 % 4/14/2028 3,218 3,152 Eliassen Group, LLC (Delayed Draw) (d) SF 5.50 % 10.86 % 4/14/2028 739 227 Engage2Excel, Inc. SF 7.35 % 12.53 % 7/1/2024 3,918 3,918 Engage2Excel, Inc. SF 7.35 % 12.53 % 7/1/2024 707 707 Engage2Excel, Inc. (Revolver) SF 7.35 % 12.53 % 7/1/2024 550 550 Output Services Group, Inc. (e) SF 6.68 % 12.07 % 11/30/2028 1,042 1,041 Secretariat Advisors LLC SF 5.01 % 10.36 % 12/29/2028 1,676 1,676 Secretariat Advisors LLC SF 5.01 % 10.36 % 12/29/2028 267 267 SIRVA Worldwide Inc. SF 5.76 % 11.15 % 8/4/2025 1,750 1,556 Teneo Holdings LLC SF 5.35 % 10.71 % 7/11/2025 4,787 4,791 21,002 20,195 Portfolio Company (a) Index (b) Spread (b) Interest Rate (b) Maturity Principal Fair Value Services: Consumer 360Holdco, Inc. SF 5.60 % 10.96 % 8/1/2025 2,124 $ 2,124 360Holdco, Inc. SF 5.60 % 10.96 % 8/1/2025 821 821 Laseraway Intermediate Holdings II, LLC SF 5.75 % 11.41 % 10/14/2027 2,178 2,153 McKissock Investment Holdings, LLC SF 5.00 % 10.54 % 3/9/2029 2,456 2,459 7,579 7,557 Telecommunications Intermedia Holdings, Inc. SF 6.11 % 11.47 % 7/21/2025 1,742 1,687 Mavenir Systems, Inc. SF 5.01 % 10.39 % 8/18/2028 1,638 1,159 Sandvine Corporation SF 4.50 % 9.97 % 10/31/2025 1,973 1,598 5,353 4,444 Transportation: Cargo Keystone Purchaser, LLC SF 6.18 % 11.53 % 5/7/2027 4,905 4,868 4,905 4,868 Utilities: Oil & Gas Dresser Utility Solutions, LLC SF 4.10 % 9.46 % 10/1/2025 1,660 1,602 Dresser Utility Solutions, LLC SF 5.35 % 10.71 % 10/1/2025 243 239 1,903 1,841 Wholesale HALO Buyer, Inc. SF 4.60 % 9.96 % 6/30/2025 4,723 3,570 4,723 3,570 Total Non-Controlled/Non-Affiliate Senior Secured Loans 154,006 139,373 Equity Securities (f) (g) Consumer Goods: Durable Elevate Textiles, Inc. (fka International Textile Group, Inc.) (25,524 shares of common units) — — — — 26 103 26 103 Chemicals, Plastics & Rubber Polyventive Lender Holding Company LLC (0.84% of the equity) — — — — — — — — Services: Business Output Services Group, Inc. (51,370 Class A units) — — — — 51 438 51 438 Total Non-Controlled/Non-Affiliate Equities 77 541 TOTAL INVESTMENTS $ 139,914 ______________________________________________________________ (a) All investments are U.S. companies unless otherwise noted. (b) The majority of investments bear interest at a rate that may be determined by reference to the Secured Overnight Financing Rate (“SOFR” or “SF”) or Prime (“P”) which reset daily, monthly, quarterly or semiannually. The Company has provided the spread over SOFR or Prime and the current contractual rate of interest in effect at December 31, 2023. Certain investments may be subject to an interest rate floor or cap. Certain investments contain a PIK provision. (c) This is an international company. (d) All or a portion of this commitment was unfunded as of December 31, 2023. As such, interest is earned only on the funded portion of this commitment. Principal reflects the commitment outstanding. (e) This position was on non-accrual status as of December 31, 2023, meaning that we have ceased accruing interest income on the position. (f) Represents less than 5% ownership of the portfolio company's voting securities. (g) Portfolio Company (a) Index (b) Spread (b) Interest Rate (b) Maturity Principal Fair Value Non-Controlled/Non-Affiliate Company Investments Senior Secured Loans Aerospace & Defense Bromford Industries Limited (c) P 5.25 % 12.75 % 11/5/2025 2,744 $ 2,581 Bromford Industries Limited (c) P 5.25 % 12.75 % 11/5/2025 1,829 1,720 Trident Maritime Systems, Inc. L 4.75 % 9.48 % 2/26/2027 2,445 2,443 Trident Maritime Systems, Inc. L 4.75 % 9.48 % 2/26/2027 746 746 Trident Maritime Systems, Inc. (Revolver) (d) L 4.75 % 9.08 % 2/26/2027 319 122 8,083 7,612 Automotive Accelerate Auto Works Intermediate, LLC L 4.50 % 9.23 % 12/1/2027 1,391 1,386 Accelerate Auto Works Intermediate, LLC (Delayed Draw) (d) L 4.50 % 9.23 % 12/1/2027 388 — Accelerate Auto Works Intermediate, LLC (Revolver) (d) L 4.50 % 9.23 % 12/1/2027 132 — Truck-Lite Co., LLC SF 6.25 % 11.14 % 12/14/2026 1,691 1,690 Truck-Lite Co., LLC SF 6.25 % 11.14 % 12/14/2026 251 250 Truck-Lite Co., LLC SF 6.25 % 11.14 % 12/14/2026 43 43 Wheel Pros, Inc. L 4.50 % 8.82 % 5/11/2028 1,932 1,321 5,828 4,690 Beverage, Food & Tobacco CBC Restaurant Corp. n/a n/a 5.00% PIK (e) n/a 1,066 415 SW Ingredients Holdings, LLC L 4.75 % 9.13 % 7/3/2025 3,581 3,581 4,647 3,996 Capital Equipment Analogic Corporation L 5.25 % 9.66 % 6/24/2024 4,703 4,433 DS Parent, Inc. L 5.75 % 9.92 % 12/8/2028 2,850 2,725 MacQueen Equipment, LLC L 5.25 % 9.98 % 1/7/2028 2,096 2,096 MacQueen Equipment, LLC (Delayed Draw) (d) L 5.25 % 9.98 % 1/7/2028 592 69 MacQueen Equipment, LLC (Revolver) (d) L 5.25 % 9.98 % 1/7/2028 296 — 10,537 9,323 Chemicals, Plastics & Rubber Phoenix Chemical Holding Company LLC (fka Polymer Solutions Group) L 7.00 % 11.39 % 6/15/2023 1,139 1,132 TJC Spartech Acquisition Corp. L 4.75 % 8.53 % 5/5/2028 4,253 4,131 5,392 5,263 Construction & Building The Cook & Boardman Group LLC SF 5.75 % 9.99 % 10/20/2025 2,879 2,458 2,879 2,458 Consumer Goods: Durable International Textile Group, Inc. L 5.00 % 9.21 % 5/1/2024 1,664 1,166 Runner Buyer INC. L 5.50 % 10.23 % 10/23/2028 2,978 2,114 4,642 3,280 Consumer Goods: Non-Durable PH Beauty Holdings III, INC. L 5.00 % 9.73 % 9/26/2025 2,393 1,950 2,393 1,950 Containers, Packaging & Glass Liqui-Box Holdings, Inc. L 4.50 % 9.23 % 2/26/2027 4,225 4,186 Polychem Acquisition, LLC L 5.00 % 9.38 % 3/17/2025 2,888 2,888 PVHC Holding Corp L 4.75 % 9.48 % 8/5/2024 3,184 3,072 10,297 10,146 Portfolio Company (a) Index (b) Spread (b) Interest Rate (b) Maturity Principal Fair Value Energy: Oil & Gas Drilling Info Holdings, Inc. L 4.25 % 8.63 % 7/30/2025 4,469 $ 4,313 Offen, Inc. L 5.00 % 9.38 % 6/22/2026 2,249 2,249 Offen, Inc. L 5.00 % 9.38 % 6/22/2026 867 867 7,585 7,429 FIRE: Finance Harbour Benefit Holdings, Inc. L 5.25 % 9.98 % 12/13/2024 2,901 2,898 Harbour Benefit Holdings, Inc. L 5.25 % 9.63 % 12/13/2024 61 61 Minotaur Acquisition, Inc. SF 4.75 % 9.17 % 3/27/2026 4,857 4,656 TEAM Public Choices, LLC L 5.00 % 9.93 % 12/17/2027 2,955 2,822 10,774 10,437 FIRE: Real Estate Avison Young (USA) Inc. (c) SF 5.75 % 10.19 % 1/30/2026 4,800 4,020 4,800 4,020 Healthcare & Pharmaceuticals Cano Health, LLC SF 4.00 % 8.42 % 11/23/2027 1,970 1,572 HAH Group Holding Company LLC SF 5.00 % 9.43 % 10/29/2027 2,978 2,847 LSCS Holdings, Inc. L 4.50 % 8.88 % 12/15/2028 1,828 1,751 Natus Medical Incorporated SF 5.50 % 8.68 % 7/20/2029 5,000 4,650 Paragon Healthcare, Inc. SF 5.75 % 9.81 % 1/19/2027 2,127 2,109 Paragon Healthcare, Inc. (Delayed Draw) (d) SF 5.75 % 10.06 % 1/19/2027 366 242 Paragon Healthcare, Inc. (Revolver) (d) SF 5.75 % 10.26 % 1/19/2027 490 61 Radiology Partners, Inc. L 4.25 % 8.64 % 7/9/2025 4,760 4,018 19,519 17,250 High Tech Industries Corel Inc. (c) L 5.00 % 9.73 % 7/2/2026 3,600 3,365 Lightbox Intermediate, L.P. L 5.00 % 9.73 % 5/11/2026 4,825 4,656 TGG TS Acquisition Company L 6.50 % 10.88 % 12/12/2025 3,190 3,143 11,615 11,164 Hotels, Gaming & Leisure Excel Fitness Holdings, Inc. SF 5.25 % 10.29 % 4/27/2029 4,364 4,102 Excel Fitness Holdings, Inc. (Revolver) (d) SF 5.25 % 9.67 % 4/28/2028 625 306 North Haven Spartan US Holdco, LLC SF 6.25 % 10.71 % 6/6/2025 2,280 2,202 Tait LLC L 5.00 % 8.75 % 3/28/2025 4,083 3,972 Tait LLC (Revolver) (d) P 4.00 % 10.25 % 3/28/2025 769 — 12,121 10,582 Media: Advertising, Printing & Publishing Cadent, LLC L 6.50 % 11.23 % 9/11/2025 4,237 4,131 Cadent, LLC (Revolver) (d) L 6.50 % 11.23 % 9/11/2025 167 — 4,404 4,131 Media: Diversified & Production Research Now Group, Inc. and Survey Sampling International, LLC L 5.50 % 8.84 % 12/20/2024 6,650 5,035 STATS Intermediate Holdings, LLC L 5.25 % 9.90 % 7/10/2026 4,850 4,498 TA TT Buyer, LLC SF 5.00 % 8.98 % 3/30/2029 3,325 3,242 14,825 12,775 Portfolio Company (a) Index (b) Spread (b) Interest Rate (b) Maturity Principal Fair Value Services: Business AQ Carver Buyer, Inc. L 5.00 % 9.38 % 9/23/2025 4,838 $ 4,834 CHA Holdings, Inc L 4.50 % 9.23 % 4/10/2025 1,960 1,886 CHA Holdings, Inc L 4.50 % 9.23 % 4/10/2025 413 398 Eliassen Group, LLC SF 5.50 % 10.08 % 4/14/2028 3,251 3,194 Eliassen Group, LLC (Delayed Draw) (d) SF 5.50 % 8.88 % 4/14/2028 740 109 Engage2Excel, Inc. L 7.25 % 11.98 % 3/7/2023 4,283 4,242 Engage2Excel, Inc. L 7.25 % 11.98 % 3/7/2023 773 766 Engage2Excel, Inc. (Revolver) (d) P 6.25 % 13.75 % 3/7/2023 554 509 Orbit Purchaser LLC L 4.50 % 9.23 % 10/21/2024 2,406 2,190 Orbit Purchaser LLC L 4.50 % 9.23 % 10/21/2024 1,858 1,691 Orbit Purchaser LLC L 4.50 % 9.23 % 10/21/2024 543 494 Output Services Group, Inc. SF 6.75 % 9.80% Cash / 1.50% PIK 6/29/2026 4,807 3,275 Secretariat Advisors LLC L 4.75 % 9.48 % 12/29/2028 1,693 1,634 Secretariat Advisors LLC L 4.75 % 9.48 % 12/29/2028 270 260 SIRVA Worldwide Inc. L 5.50 % 10.23 % 8/4/2025 1,800 1,606 Teneo Holdings LLC SF 5.25 % 9.67 % 7/11/2025 4,837 4,668 The Kleinfelder Group, Inc. L 5.25 % 9.98 % 11/29/2024 2,362 2,362 37,388 34,118 Services: Consumer 360Holdco, Inc. SF 5.00 % 9.42 % 8/2/2025 2,145 2,145 360Holdco, Inc. (Delayed Draw) (d) SF 5.00 % 9.42 % 8/2/2025 827 252 Laseraway Intermediate Holdings II, LLC L 5.75 % 9.76 % 10/14/2027 2,200 2,161 McKissock Investment Holdings, LLC SF 5.00 % 8.87 % 3/9/2029 2,481 2,322 7,653 6,880 Telecommunications Intermedia Holdings, Inc. L 6.00 % 10.38 % 7/21/2025 1,760 1,360 Mavenir Systems, Inc. L 4.75 % 9.42 % 8/18/2028 1,654 1,350 Sandvine Corporation L 4.50 % 8.88 % 10/31/2025 2,000 1,904 5,414 4,614 Transportation: Cargo Keystone Purchaser, LLC L 5.50 % 10.60 % 5/7/2027 4,955 4,955 4,955 4,955 Utilities: Oil & Gas Dresser Utility Solutions, LLC (fka NGS US Finco, LLC) L 4.25 % 8.63 % 10/1/2025 1,678 1,619 Dresser Utility Solutions, LLC (fka NGS US Finco, LLC) L 5.25 % 9.63 % 10/1/2025 245 239 1,923 1,858 Wholesale HALO Buyer, Inc. L 4.50 % 8.88 % 6/30/2025 4,774 4,219 4,774 4,219 TOTAL INVESTMENTS $ 183,150 ______________________________________________________________ (a) All investments are U.S. companies unless otherwise noted. (b) The majority of investments bear interest at a rate that may be determined by reference to the London Interbank Offered Rate (“LIBOR” or “L”), Secured Overnight Financing Rate (“SOFR” or “SF”) or Prime (“P”) which reset daily, monthly, quarterly or semiannually. The Company has provided the spread over LIBOR, SOFR or Prime and the current contractual rate of interest in effect at December 31, 2022. Certain investments may be subject to an interest rate floor or cap. Certain investments contain a PIK provision. (c) This is an international company. (d) All or a portion of this commitment was unfunded as of December 31, 2022. As such, interest is earned only on the funded portion of this commitment. Principal reflects the commitment outstanding. (e) This position was on non-accrual status as of December 31, 2022, meaning that the Company has ceased accruing interest income on the position. (f) This is a demand note with no stated maturity. Below is certain summarized financial information for SLF as of December 31, 2023 and 2022 and for the years ended December 31, 2023, 2022 and 2021: December 31, 2023 December 31, 2022 Assets Investments, at fair value $ 139,914 $ 183,150 Cash and cash equivalents 1,884 1,608 Restricted cash and cash equivalents 5,265 6,454 Interest receivable 1,380 1,613 Other assets 6 5 Total assets $ 148,449 $ 192,830 Liabilities Revolving credit facility 82,014 122,215 Less: Unamortized deferred financing costs (717) (1,518) Total debt, less unamortized deferred financing costs 81,297 120,697 Interest payable 590 769 Accounts payable and accrued expenses 320 346 Total liabilities 82,207 121,812 Members’ capital 66,242 71,018 Total liabilities and members’ capital $ 148,449 $ 192,830 For the Years Ended December 31, 2023 2022 2021 Investment income: Interest income $ 18,362 $ 15,400 $ 13,164 Total investment income 18,362 15,400 13,164 Expenses: Interest and other debt financing expenses 8,847 6,009 3,918 Professional fees 757 814 647 Total expenses 9,604 6,823 4,565 Net investment income 8,758 8,577 8,599 Net gain (loss): Net realized gain (loss) (5,119) (3,089) — Net change in unrealized gain (loss) (1,216) (10,520) 3,734 Net gain (loss) (6,335) (13,609) 3,734 Net increase (decrease) in members’ capital $ 2,423 $ (5,032) $ 12,333 |
Fair Value Measurements
Fair Value Measurements | 12 Months Ended |
Dec. 31, 2023 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements | Fair Value Measurements Investments The Company values all investments in accordance with ASC Topic 820. ASC Topic 820 requires enhanced disclosures about assets and liabilities that are measured and reported at fair value. As defined in ASC Topic 820, fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Where available, fair value is based on observable market prices or parameters, or derived from such prices or parameters. Where observable prices or inputs are not available, valuation models are applied. These valuation models involve some level of management estimation and judgment, the degree of which is dependent on the price transparency for the assets or liabilities or market and the assets’ or liabilities’ complexity. ASC Topic 820 establishes a hierarchical disclosure framework which prioritizes and ranks the level of market price observability of inputs used in measuring investments at fair value. Market price observability is affected by a number of factors, including the type of investment and the characteristics specific to the investment. Investments with readily available active quoted prices or for which fair value can be measured from actively quoted prices generally will have a higher degree of market price observability and a lesser degree of judgment used in measuring fair value. Based on the observability of the inputs used in the valuation techniques, the Company is required to provide disclosures on fair value measurements according to the fair value hierarchy. The fair value hierarchy ranks the observability of the inputs used to determine fair values. Investments carried at fair value are classified and disclosed in one of the following three categories: • Level 1 – Valuations based on unadjusted quoted prices in active markets for identical assets or liabilities at the measurement date. • Level 2 – Valuations based on inputs other than quoted prices in active markets, including quoted prices for similar assets or liabilities, which are either directly or indirectly observable. • Level 3 – Valuations based on inputs that are unobservable and significant to the overall fair value measurement. This includes situations where there is little, if any, market activity for the assets or liabilities. The inputs into the determination of fair value are based upon the best information available and may require significant management judgment or estimation. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an asset’s or liability’s categorization within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability. For periods prior to September 30, 2022 , the Board determined the fair value of the Company’s investments. On September 30, 2022, pursuant to SEC Rule 2a-5 of the 1940 Act, the Board designated MC Advisors as the Company’s valuation designee (the “Valuation Designee”). The Board is responsible for oversight of the Valuation Designee. The Valuation Designee has established a valuation committee to determine in good faith the fair value of the Company’s investments, based on input of the Valuation Designee’s management and personnel and independent valuation firms which are engaged at the direction of the valuation committee to assist in the valuation of certain portfolio investments lacking a readily available market quotation. The valuation committee determines fair values pursuant to a valuation policy approved by the Board and pursuant to a consistently applied valuation process. With respect to investments for which market quotations are not readily available, the Valuation Designee undertakes a multi-step valuation process each quarter, as described below: • the quarterly valuation process begins with each portfolio company or investment being initially evaluated and rated by the investment professionals of Valuation Designee responsible for the credit monitoring of the portfolio investment; • the Valuation Designee engages an independent valuation firm to conduct independent appraisals of a selection of investments for which market quotations are not readily available. The Company will consult with an independent valuation firm relative to each portfolio company at least once in every calendar year, but the independent appraisals are generally received quarterly for each investment; • to the extent an independent valuation firm is not engaged to conduct an investment appraisal on an investment for which market quotations are not readily available, the investment will be valued by the Valuation Designee; • preliminary valuation conclusions are then documented and discussed with the valuation committee of the Valuation Designee; • the valuation conclusions are approved by the valuation committee of the Valuation Designee; and • a report prepared by the Valuation Designee is presented to the Board quarterly to allow the Board to perform its oversight duties of the valuation process and the Valuation Designee. The accompanying consolidated schedules of investments held by the Company consist primarily of private debt instruments (“Level 3 debt”). The Company generally uses the income approach to determine fair value for Level 3 debt where market quotations are not readily available, as long as it is appropriate. If there is deterioration in credit quality or a debt investment is in workout status, the Company may consider other factors in determining the fair value, including the value attributable to the debt investment from the enterprise value of the portfolio company or the proceeds that would be received in a liquidation analysis. This liquidation analysis may include probability weighting of alternative outcomes. The Company generally considers its Level 3 debt to be performing if the borrower is not in default, the borrower is remitting payments in a timely manner; the loan is in covenant compliance or is otherwise not deemed to be impaired. In determining the fair value of the performing Level 3 debt, the Company considers fluctuations in current interest rates, the trends in yields of debt instruments with similar credit ratings, financial condition of the borrower, economic conditions and other relevant factors, both qualitative and quantitative. In the event that a Level 3 debt instrument is not performing, as defined above, the Company will evaluate the value of the collateral utilizing the same framework described above for a performing loan to determine the value of the Level 3 debt instrument. Under the income approach, discounted cash flow models are utilized to determine the present value of the future cash flow streams of its debt investments, based on future interest and principal payments as set forth in the associated loan agreements. In determining fair value under the income approach, the Company also considers the following factors: applicable market yields and leverage levels, credit quality, prepayment penalties, the nature and realizable value of any collateral, the portfolio company’s ability to make payments, and changes in the interest rate environment and the credit markets that generally may affect the price at which similar investments may be made. Under the market approach, the enterprise value methodology is typically utilized to determine the fair value of an investment. There is no one methodology to estimate enterprise value and, in fact, for any one portfolio company, enterprise value is generally best expressed as a range of values, from which the Company derives a single estimate of enterprise value. In estimating the enterprise value of a portfolio company, the Company analyzes various factors consistent with industry practice, including but not limited to original transaction multiples, the portfolio company’s historical and projected financial results, applicable market trading and transaction comparables, applicable market yields and leverage levels, the nature and realizable value of any collateral, the markets in which the portfolio company does business, and comparisons of financial ratios of peer companies that are public. Typically, the enterprise values of private companies are based on multiples of earnings before interest, income taxes, depreciation and amortization (“EBITDA”), cash flows, net income, revenues, or in limited cases, book value. In addition, for certain debt investments, the Company may base its valuation on indicative bid and ask prices provided by an independent third-party pricing service. Bid prices reflect the highest price that the Company and others may be willing to pay. Ask prices represent the lowest price that the Company and others may be willing to accept. The Company generally uses the midpoint of the bid/ask range as its best estimate of fair value of such investment. As of December 31, 2023, the Valuation Designee determined, in good faith, the fair value of the Company’s portfolio investments in accordance with GAAP and the Company’s valuation procedures based on the facts and circumstances known by the Company at that time, or reasonably expected to be known at that time. Foreign Currency Forward Contracts The valuation for the Company’s foreign currency forward contracts is based on the difference between the exchange rate associated with the forward contract and the exchange rate at the current period end. Foreign currency forward contracts are categorized as Level 2 in the fair value hierarchy. Fair Value Disclosures The following tables present fair value measurements of investments and foreign currency forward contracts, by major class according to the fair value hierarchy: Fair Value Measurements December 31, 2023 Level 1 Level 2 Level 3 Total Investments: Senior secured loans $ — $ — $ 388,882 $ 388,882 Unitranche secured loans — — 13,877 13,877 Junior secured loans — — 26,594 26,594 Equity securities 257 — 25,654 25,911 Investments measured at NAV (1) (2) — — — 33,122 Total investments $ 257 $ — $ 455,007 $ 488,386 Fair Value Measurements December 31, 2022 Level 1 Level 2 Level 3 Total Investments: Senior secured loans $ — $ — $ 434,023 $ 434,023 Unitranche secured loans — — 20,633 20,633 Junior secured loans — — 22,193 22,193 Equity securities 294 — 28,388 28,682 Investments measured at NAV (1) (2) — — — 35,509 Total investments $ 294 $ — $ 505,237 $ 541,040 Foreign currency forward contracts asset (liability) $ — $ 1,507 $ — $ 1,507 ______________________________________________________________ (1) Certain investments that are measured at fair value using the NAV have not been categorized in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented on the consolidated statements of assets and liabilities. (2) Represents the Company’s investment in LLC equity interests in SLF. The fair value of this investment has been determined using the NAV of the Company’s ownership interest in SLF’s members’ capital. Senior secured loans, unitranche secured loans and junior secured loans are collateralized by tangible and intangible assets of the borrowers. These investments include loans to entities that have some level of challenge in obtaining financing from other, more conventional institutions, such as a bank. Interest rates on these loans are either fixed or floating, and are based on current market conditions and credit ratings of the borrower. Excluding loans on non-accrual, the contractual interest rates on the loans ranged from 7.47% to 20.50% at December 31, 2023 and 8.00% to 19.50% at December 31, 2022. The maturity dates on the loans outstanding at December 31, 2023 range between January 2024 and December 2029. The following tables provide a reconciliation of the beginning and ending balances for investments at fair value that use Level 3 inputs for the years ended December 31, 2023 and 2022: Investments Senior Unitranche Junior Equity Total Level 3 Balance as of December 31, 2022 $ 434,023 $ 20,633 $ 22,193 $ 28,388 $ 505,237 Net realized gain (loss) on investments (9,788) (24,768) — (4,179) (38,735) Net change in unrealized gain (loss) on investments (3,896) 24,856 (2,730) (28) 18,202 Purchases of investments and other adjustments to cost (1) 65,977 514 5,465 1,400 73,356 Proceeds from principal payments and sales of investments (2) (91,375) (7,358) (2,913) (1,407) (103,053) Reclassifications (3) (6,059) — 4,579 1,480 — Balance as of December 31, 2023 $ 388,882 $ 13,877 $ 26,594 $ 25,654 $ 455,007 Investments Senior Unitranche Junior Equity Total Level 3 Balance as of December 31, 2021 $ 423,700 $ 51,494 $ 14,364 $ 29,969 $ 519,527 Net realized gain (loss) on investments (1,082) (94) (1) 47 (1,130) Net change in unrealized gain (loss) on investments (10,140) (5,238) 1,003 (2,544) (16,919) Purchases of investments and other adjustments to cost (1) 130,155 3,319 6,827 1,254 141,555 Proceeds from principal payments and sales of investments (2) (108,610) (28,848) — (338) (137,796) Balance as of December 31, 2022 $ 434,023 $ 20,633 $ 22,193 $ 28,388 $ 505,237 _____________________________________________________________ (1) Includes purchases of new investments, effects of refinancing and restructurings, premium and discount accretion and amortization and PIK interest. (2) Represents net proceeds from investments sold and principal paydowns received. (3) Represents non-cash reclassification of investment type due to a restructuring. The total net change in unrealized gain (loss) on investments included on the consolidated statements of operations consolidated statements of operations Significant Unobservable Inputs ASC Topic 820 requires disclosure of quantitative information about the significant unobservable inputs used in the valuation of assets and liabilities classified as Level 3 within the fair value hierarchy. Disclosure of this information is not required in circumstances where a valuation (unadjusted) is obtained from a third-party pricing service and the information regarding the unobservable inputs is not reasonably available to the Company and as such, the disclosures provided below exclude those investments valued in that manner. The tables below are not intended to be all-inclusive, but rather to provide information on significant unobservable inputs and valuation techniques used by the Company. The valuation techniques and significant unobservable inputs used in recurring Level 3 fair value measurements of assets as of December 31, 2023 were as follows: Fair Value Valuation Technique Unobservable Weighted Average Mean Range Minimum Maximum Assets: Senior secured loans $ 238,481 Discounted cash flow EBITDA multiples 10.5x 5.0x 22.2x Market yields 13.2% 9.0% 24.5% Senior secured loans 112,213 Discounted cash flow Revenue multiples 5.6x 0.9x 11.8x Market yields 11.9% 9.0% 16.6% Senior secured loans 17,839 Enterprise value Book value multiples 1.3x 1.3x 1.3x Senior secured loans 8,352 Liquidation Probability weighting of alternative outcomes 91.7% 32.4% 95.0% Senior secured loans 7,054 Enterprise value Revenue multiples 2.5x 1.6x 2.5x Senior secured loans 4,322 Enterprise value EBITDA multiples 7.3x 5.3x 8.3x Unitranche secured loans 10,126 Discounted cash flow Market yields 11.9% 11.9% 11.9% Unitranche secured loans 3,751 Discounted cash flow Revenue multiples 9.0x 6.0x 12.8x Market yields 12.4% 11.9% 12.7% Junior secured loans 20,661 Discounted cash flow Market yields 13.1% 12.4% 15.6% Junior secured loans 2,340 Enterprise value Revenue multiples 1.6x 1.6x 1.6x Junior secured loans 2,174 Liquidation Probability weighting of alternative outcomes 260.8% —% 260.8% Junior secured loans 1,419 Discounted cash flow Revenue multiples 0.4x 0.2x 0.9x Market yields 14.2% 13.3% 16.2% Equity securities 18,994 Enterprise value EBITDA multiples 8.8x 4.9x 20.5x Equity securities 2,701 Enterprise value Revenue multiples 3.7x 0.9x 11.8x Equity securities 2,160 Option pricing model Volatility 59.0% 35.0% 70.0% Equity securities 1,380 Discounted cash flow EBITDA multiples 6.0x 6.0x 6.0x Market yields 19.0% 16.3% 27.5% Total Level 3 Assets $ 453,967 (1) _____________________________________________________________ (1) Excludes investments of $1,040 at fair value where valuation (unadjusted) is obtained from a third-party pricing service or broker quote for which such disclosure is not required. The valuation techniques and significant unobservable inputs used in recurring Level 3 fair value measurements of assets as of December 31, 2022 were as follows: Fair Value Valuation Technique Unobservable Weighted Average Mean Range Minimum Maximum Assets: Senior secured loans $ 276,433 Discounted cash flow EBITDA multiples 9.3x 3.8x 18.6x Market yields 12.4% 8.7% 22.3% Senior secured loans 130,199 Discounted cash flow Revenue multiples 4.4x 0.2x 12.3x Market yields 13.4% 10.0% 22.0% Senior secured loans 19,546 Enterprise value Book value multiples 1.2x 1.2x 1.2x Senior secured loans 5,706 Enterprise value Revenue multiples 2.5x 2.5x 2.5x Senior secured loans 1,488 Liquidation Probability weighting of alternative outcomes 71.3% 29.1% 100.0% Senior secured loans 80 Enterprise value EBITDA multiples 8.0x 8.0x 8.0x Unitranche secured loans 17,019 Discounted cash flow EBITDA multiples 8.8x 8.8x 8.8x Market yields 11.2% 9.1% 13.0% Unitranche secured loans 3,614 Discounted cash flow Revenue multiples 8.9x 5.8x 12.5x Market yields 11.9% 11.6% 12.1% Junior secured loans 20,311 Discounted cash flow Market yields 13.6% 12.3% 20.4% Junior secured loans 1,882 Liquidation Probability weighting of alternative outcomes 225.8% 225.8% 225.8% Equity securities 16,630 Enterprise value EBITDA multiples 9.0x 3.8x 16.0x Equity securities 7,502 Enterprise value Revenue multiples 2.3x 0.2x 12.3x Equity securities 2,173 Option pricing model Volatility 66.6% 49.4% 70.0% Equity securities 397 Discounted cash flow EBITDA multiples 7.0x 7.0x 7.0x Total Level 3 Assets $ 502,980 (1) _____________________________________________________________ (1) Excludes investments of $2,257 at fair value where valuation (unadjusted) is obtained from a third-party pricing service or broker quote for which such disclosure is not required. The significant unobservable input used in the income approach of fair value measurement of the Company’s investments is the discount rate used to discount the estimated future cash flows expected to be received from the underlying investment, which include both future principal and interest payments. Increases (decreases) in the discount rate would result in a decrease (increase) in the fair value estimate of the investment. Included in the consideration and selection of discount rates are the following factors: risk of default, rating of the investment and comparable investments, and call provisions. The significant unobservable inputs used in the market approach of fair value measurement of the Company’s investments are the market multiples of EBITDA or revenue of the comparable guideline public companies. The Company selects a population of public companies for each investment with similar operations and attributes of the portfolio company. Using these guideline public companies’ data, a range of multiples of enterprise value to EBITDA or revenue is calculated. The Company selects percentages from the range of multiples for purposes of determining the portfolio company’s estimated enterprise value based on said multiple and generally the latest twelve months EBITDA or revenue of the portfolio company (or other meaningful measure). Increases (decreases) in the multiple will result in an increase (decrease) in enterprise value, resulting in an increase (decrease) in the fair value estimate of the investment. Other Financial Assets and Liabilities |
Transactions with Affiliated Co
Transactions with Affiliated Companies | 12 Months Ended |
Dec. 31, 2023 | |
Investments in and Advances to Affiliates [Abstract] | |
Transactions with Affiliated Companies | Transactions with Affiliated Companies An affiliated company is a company in which the Company has an ownership interest of 5% or more of its voting securities. A controlled affiliate company is a company in which the Company has an ownership interest of more than 25% of its voting securities. Please see the Company’s consolidated schedule of investments for the type of investment, principal amount, interest rate including the spread, and the maturity date. Transactions related to the Company’s investments with affiliates for the years ended December 31, 2023 and 2022 were as follows: Fair value at Transfers Purchases Sales and PIK Discount Net realized Net Fair value at Non-Controlled affiliate company investments: American Community Homes, Inc. $ 8,953 $ — $ — $ — $ 1,401 $ — $ — $ (2,244) $ 8,110 American Community Homes, Inc. 4,258 — — — 875 — — (1,143) 3,990 American Community Homes, Inc. 543 — — — 84 — — (136) 491 American Community Homes, Inc. 1,996 — — — 312 — — (500) 1,808 American Community Homes, Inc. 3,694 — — — 579 — — (926) 3,347 American Community Homes, Inc. 17 — — — 3 — — (4) 16 American Community Homes, Inc. 85 — — — 14 — — (22) 77 American Community Homes, Inc. (Revolver) — — — — — — — — — American Community Homes, Inc. (4,940 shares of common stock) (1) — — — — — — — — — 19,546 — — — 3,268 — — (4,975) 17,839 Ascent Midco, LLC 6,217 — — (6,175) — 16 — (58) — Ascent Midco, LLC (Revolver) — — — — — — — — — Ascent Midco, LLC (2,032,258 Class A units) 1,969 — — — — — — (37) 1,932 8,186 — — (6,175) — 16 — (95) 1,932 C Parent Holdings, LLC. 146 — — — — — — (146) — C Parent Holdings, LLC. (58,779 shares of common stock) (2) — — — — — — — — — 146 — — — — — — (146) — Familia Dental Group Holdings, LLC (1,230 Class A units) 2,625 — 183 — — — — (582) 2,226 2,625 — 183 — — — — (582) 2,226 HFZ Capital Group LLC 16,159 — — — — — — 1,074 17,233 HFZ Capital Group LLC 5,805 — — — — — — 386 6,191 MC Asset Management (Corporate), LLC 8,421 — — — 1,816 — — — 10,237 MC Asset Management (Corporate), LLC 1,000 — 1,586 — 465 — — — 3,051 MC Asset Management (Corporate), LLC (15.9% interest) 1,291 — — — — — — (246) 1,045 32,676 — 1,586 — 2,281 — — 1,214 37,757 Mnine Holdings, Inc. — — 105 (52) 2 — — — 55 Mnine Holdings, Inc. 5,492 — — — 775 14 — (94) 6,187 Mnine Holdings, Inc. — — — — — — — — — Mnine Holdings, Inc. (Revolver) 214 — 441 — 11 — — (8) 658 Mnine Holdings, Inc. (6,400 Class B units) — — — — — — — — — 5,706 — 546 (52) 788 14 — (102) 6,900 NECB Collections, LLC (Revolver) 382 — — — — — — 42 424 NECB Collections, LLC, LLC (20.8% of units) — — — — — — — — — 382 — — — — — — 42 424 Second Avenue SFR Holdings II LLC (Revolver) (3) 4,755 — — (1,462) — — — 30 3,323 4,755 — — (1,462) — — — 30 3,323 SFR Holdco, LLC (Junior secured loan) 5,850 — — — — — — (311) 5,539 SFR Holdco, LLC (24.4% of interests) 3,900 — — — — — — 472 4,372 9,750 — — — — — — 161 9,911 TJ Management HoldCo LLC (Revolver) 80 — — (80) — — — — — TJ Management HoldCo LLC (16 shares of common stock) 2,766 — — — — — — 463 3,229 2,846 — — (80) — — — 463 3,229 Total non-controlled affiliate company investments $ 86,618 $ — $ 2,315 $ (7,769) $ 6,337 $ 30 $ — $ (3,990) $ 83,541 Controlled affiliate company investments: MRCC Senior Loan Fund I, LLC $ 35,509 $ — $ — $ — $ — $ — $ — $ (2,387) $ 33,122 $ 35,509 $ — $ — $ — $ — $ — $ — $ (2,387) $ 33,122 Total Controlled affiliate company investments $ 35,509 $ — $ — $ — $ — $ — $ — $ (2,387) $ 33,122 Fair value at December 31, 2021 Transfers Purchases Sales and PIK Discount Net realized Net Fair value at December 31, 2022 Non-Controlled affiliate company investments: American Community Homes, Inc. $ 10,457 $ — $ — $ — $ 789 $ — $ — $ (2,293) $ 8,953 American Community Homes, Inc. 4,753 — — — 595 — — (1,090) 4,258 American Community Homes, Inc. 634 — — — 48 — — (139) 543 American Community Homes, Inc. 3,164 — — — 176 — — (1,344) 1,996 American Community Homes, Inc. 4,357 — — — 325 — — (988) 3,694 American Community Homes, Inc. 20 — — — 2 — — (5) 17 American Community Homes, Inc. 99 — — — 7 — — (21) 85 American Community Homes, Inc. (Revolver) — — — — — — — — — American Community Homes, Inc. (4,940 shares of common stock) (1) — — — — — — — — — American Community Homes, Inc. (warrant to purchase up to 22.3% of the equity) (1) 264 — — — — — — (264) — 23,748 — — — 1,942 — — (6,144) 19,546 Ascent Midco, LLC 6,392 — — (174) — 25 — (26) 6,217 Ascent Midco, LLC (Revolver) — — — — — — — — — Ascent Midco, LLC (2,032,258 Class A units) 2,554 — — — — — — (585) 1,969 8,946 — — (174) — 25 — (611) 8,186 C Parent Holdings, LLC. (fka Curion Holdings, LLC) 4,561 — — (4,497) — — — 82 146 C Parent Holdings, LLC. (fka Curion Holdings, LLC) (Revolver) 550 — 92 (620) — — — (22) — C Parent Holdings, LLC. (fka Curion Holdings, LLC) (Junior secured loan) — — — — — — (1) 1 — C Parent Holdings, LLC. (fka Curion Holdings, LLC) (Junior secured loan) — — — — — — — — — C Parent Holdings, LLC. (fka Curion Holdings, LLC) (58,779 shares of common stock) (2) — — — — — — — — — 5,111 — 92 (5,117) — — (1) 61 146 Familia Dental Group Holdings, LLC (1,176 Class A units) 1,919 — 245 — — — — 461 2,625 1,919 — 245 — — — — 461 2,625 HFZ Capital Group, LLC 15,084 — — — — — — 1,075 16,159 HFZ Capital Group, LLC 5,420 — — — — — — 385 5,805 MC Asset Management (Corporate), LLC 7,154 — — — 1,267 — — — 8,421 MC Asset Management (Corporate), LLC (Delayed Draw) 850 — — — 150 — — — 1,000 MC Asset Management (Corporate), LLC (15.9% interest) 644 — — — — — — 647 1,291 29,152 — — — 1,417 — — 2,107 32,676 Mnine Holdings, Inc. 5,771 — — (22) 320 14 — (591) 5,492 Mnine Holdings, Inc. (Revolver) — — 587 (374) 1 — — — 214 Mnine Holdings, Inc. (6,400 Class B units) — — — — — — — — — 5,771 — 587 (396) 321 14 — (591) 5,706 NECB Collections, LLC (Revolver) 632 — — — — — — (250) 382 NECB Collections, LLC, LLC (20.8% of units) — — — — — — — — — 632 — — — — — — (250) 382 Second Avenue SFR Holdings II LLC (Revolver) (3) 2,104 — 2,681 — — — — (30) 4,755 2,104 — 2,681 — — — — (30) 4,755 SFR Holdings, LLC (Junior secured loan) 5,850 — — — — — — — 5,850 SFR Holding, LLC (24.4% of interests) 3,900 — — — — — — — 3,900 9,750 — — — — — — — 9,750 TJ Management HoldCo, LLC (Revolver) — — 80 — — — — — 80 TJ Management HoldCo, LLC (16 shares of common stock) 3,148 — — — — — — (382) 2,766 3,148 — 80 — — — — (382) 2,846 Total non-controlled affiliate company investments $ 90,281 $ — $ 3,685 $ (5,687) $ 3,680 $ 39 $ (1) $ (5,379) $ 86,618 Controlled affiliate company investments: MRCC Senior Loan Fund I, LLC $ 41,125 $ — $ 500 $ — $ — $ — $ — $ (6,116) $ 35,509 41,125 — 500 — — — — (6,116) 35,509 Total Controlled affiliate company investments $ 41,125 $ — $ 500 $ — $ — $ — $ — $ (6,116) $ 35,509 ______________________________________________________________ (1) On December 29, 2022, the Company exercised the American Community Homes, Inc. (“ACH”) warrants held by the Company. The Company acquired 4,940 shares of ACH’s common stock, or 22.3% of the equity, in exchange for a nominal exercise price in accordance with the terms of the warrant. (2) During the year ended December 31, 2022, C Parent Holdings, LLC (fka Curion Holdings, LLC) (“Curion”) sold the underlying operating company and repaid the Company’s debt investment. The remaining fair value at December 31, 2022 represented the remaining expected escrow proceeds associated with the sale. During 2023, all expected proceeds associated with the sale were received. The Company no longer holds an equity investment in Curion as of December 31, 2023. (3) Second Avenue SFR Holdings II LLC is a related entity to SFR Holdco, LLC and is being presented as a non-controlled affiliate for that reason. For the Years Ended December 31, 2023 2022 Portfolio Company Interest Dividend Fee Income Interest Dividend Fee Income Non-controlled affiliate company investments: American Community Homes, Inc. $ 1,401 $ — $ — $ 1,209 $ — $ — American Community Homes, Inc. 872 — — 791 — — American Community Homes, Inc. 86 — — 73 — — American Community Homes, Inc. 312 — — 270 — — American Community Homes, Inc. 578 — — 499 — — American Community Homes, Inc. 4 — — 3 — — American Community Homes, Inc. 13 — — 11 — — American Community Homes, Inc. (Revolver) 4 — — 21 — — American Community Homes, Inc. (Common stock) — — — — — — 3,270 — — 2,877 — — Ascent Midco, LLC 384 — — 516 — — Ascent Midco, LLC (Revolver) 2 — — 4 — — Ascent Midco, LLC (Class A units) — 204 — — 189 — 386 204 — 520 189 — C Parent Holdings, LLC. 172 — — 1,766 — — C Parent Holdings, LLC. (Revolver) — — — 294 — — C Parent Holdings, LLC. (Common stock) — — — — — — 172 — — 2,060 — — Familia Dental Group Holdings, LLC (Class A units) — — — — — — — — — — — — HFZ Capital Group, LLC 2,348 — — 1,977 — — HFZ Capital Group, LLC 844 — — 710 — — MC Asset Management (Corporate), LLC 1,950 — — 1,369 — — MC Asset Management (Corporate), LLC (Delayed Draw) 576 — — 162 — — MC Asset Management (Corporate), LLC (LLC interest) — — — — — — 5,718 — — 4,218 — — Mnine Holdings, Inc. 819 — — 787 — — Mnine Holdings, Inc. — — — — — — Mnine Holdings, Inc. (Revolver) 70 — — 9 — — Mnine Holdings, Inc. (Class B units) — — — — — — 889 — — 796 — — NECB Collections, LLC (Revolver) 2 — — — — — NECB Collections, LLC (LLC units) — — — — — — 2 — — — — — Second Avenue SFR Holdings II LLC (Revolver) 557 — — 312 — — 557 — — 312 — — SFR Holdco, LLC (Junior secured loan) 468 — — 468 — — SFR Holdco, LLC (LLC interest) — — — — — — 468 — — 468 — — TJ Management HoldCo, LLC (Revolver) 15 — — 14 — — TJ Management HoldCo, LLC (Common stock) — 79 — — — — 15 79 — 14 — — Total non-controlled affiliate company investments $ 11,477 $ 283 $ — $ 11,265 $ 189 $ — Controlled affiliate company investments: MRCC Senior Loan Fund I, LLC $ — $ 3,600 $ — $ — $ 3,600 $ — — 3,600 — — 3,600 — Total controlled affiliate company investments $ — $ 3,600 $ — $ — $ 3,600 $ — |
Transactions with Related Parti
Transactions with Related Parties | 12 Months Ended |
Dec. 31, 2023 | |
Related Party Transactions [Abstract] | |
Transactions with Related Parties | Transactions with Related Parties The Company has entered into an investment advisory and management agreement with MC Advisors (the “Investment Advisory and Management Agreement”), under which MC Advisors, subject to the overall supervision of the Board, provides investment advisory services to the Company. The Company pays MC Advisors a fee for its services under the Investment Advisory and Management Agreement consisting of two components - a base management fee and an incentive fee. The cost of both the base management fee and the incentive fee are borne by the Company’s stockholders, unless such fees are waived by MC Advisors. The base management fee is calculated initially at an annual rate equal to 1.75% of average invested assets (calculated as total assets excluding cash, which includes assets financed using leverage); provided, however, the base management fee is calculated at an annual rate equal to 1.00% of the Company’s average invested assets (calculated as total assets excluding cash, which includes assets financed using leverage) that exceeds the product of (i) 200% and (ii) the Company’s average net assets. For the avoidance of doubt, the 200% is calculated in accordance with the asset coverage limitation as defined in the 1940 Act to give effect to the Company’s exemptive relief with respect to MRCC SBIC’s SBA debentures during the period they were outstanding. This has the effect of reducing the Company’s base management fee rate on assets in excess of regulatory leverage of 1:1 debt to equity to 1.00% per annum. The base management fee is payable quarterly in arrears. Base management fees for the years ended December 31, 2023, 2022 and 2021 were $8,603, $9,055 and $9,514, respectively. MC Advisors elected to voluntarily waive zero, $55, and zero of such base management fees for the years ended December 31, 2023, 2022, and 2021, respectively. The incentive fee consists of two parts. The first part is calculated and payable quarterly in arrears and equals 20% of “pre-incentive fee net investment income” for the immediately preceding quarter, subject to a 2% (8% annualized) preferred return, or “hurdle,” and a “catch up” feature. The foregoing incentive fee is subject to a total return requirement, which provides that no incentive fee in respect of pre-incentive fee net investment income will be payable except to the extent that 20% of the cumulative net increase in net assets resulting from operations over the then current and 11 preceding calendar quarters exceeds the cumulative incentive fees accrued and/or paid for the 11 preceding calendar quarters (the “Incentive Fee Limitation”). Therefore, any ordinary income incentive fee that is payable in a calendar quarter will be limited to the lesser of (1) 20% of the amount by which pre-incentive fee net investment income for such calendar quarter exceeds the 2% hurdle, subject to the “catch-up” provision, and (2) (x) 20% of the cumulative net increase in net assets resulting from operations for the then current and 11 preceding calendar quarters minus (y) the cumulative incentive fees accrued and/or paid for the 11 preceding calendar quarters. For the foregoing purpose, the “cumulative net increase in net assets resulting from operations” is the sum of pre-incentive fee net investment income, realized gains and losses and unrealized gains and losses for the then current and 11 preceding calendar quarters. The second part of the incentive fee is determined and payable in arrears as of the end of each fiscal year in an amount equal to 20% of realized capital gains, if any, on a cumulative basis from inception through the end of the year, computed net of all realized capital losses on a cumulative basis and unrealized depreciation, less the aggregate amount of any previously paid capital gain incentive fees. The composition of the Company’s incentive fees was as follows: For the Years Ended December 31, 2023 2022 2021 Part one incentive fees (1) $ 5,812 $ 4,127 $ 3,690 Part two incentive fees (2) — — — Incentive fees, excluding the impact of the incentive fee waiver 5,812 4,127 3,690 Incentive fee waiver (3) — (525) (1,484) Total incentive fees, net of incentive fee waiver $ 5,812 $ 3,602 $ 2,206 ______________________________________________________________ (1) Based on pre-incentive fee net investment income. (2) Based upon net realized and unrealized gains and losses, or capital gains. The Company accrues, but does not pay, a capital gains incentive fee in connection with any unrealized capital appreciation, as appropriate. If, on a cumulative basis, the sum of net realized gain (loss) plus net unrealized gain (loss) decreases during a period, the Company will reverse any excess capital gains incentive fee previously accrued such that the amount of capital gains incentive fee accrued is no more than 20% of the sum of net realized gain (loss) plus net unrealized gain (loss). (3) Represents part one incentive fees waived by MC Advisors. The Company has entered into an administration agreement with MC Management (the “Administration Agreement”), under which the Company reimburses MC Management, subject to the review and approval of the Board, for its allocable portion of overhead and other expenses, including the costs of furnishing the Company with office facilities and equipment and providing clerical, bookkeeping, record-keeping and other administrative services at such facilities, and the Company’s allocable portion of the cost of the chief financial officer and chief compliance officer and their respective staffs. To the extent that MC Management outsources any of its functions, the Company will pay the fees associated with such functions on a direct basis, without incremental profit to MC Management. For the years ended December 31, 2023, 2022 and 2021, the Company incurred $2,833, $3,139 and $3,442, respectively, in administrative expenses (included within Professional fees, Administrative service fees and General and administrative expenses on the consolidated statements of operations) under the Administration Agreement, of which $940, $1,163 and $1,357, respectively, was related to MC Management overhead and salary allocation and paid directly to MC Management. As of both December 31, 2023 and 2022, $255 of expenses were due to MC Management under this agreement and are included in accounts payable and accrued expenses on the consolidated statements of assets and liabilities. The Company has entered into a license agreement with Monroe Capital LLC under which Monroe Capital LLC has agreed to grant the Company a non-exclusive, royalty-free license to use the name “Monroe Capital” for specified purposes in its business. Under this agreement, the Company has the right to use the “Monroe Capital” name at no cost, subject to certain conditions, for so long as MC Advisors or one of its affiliates remains its investment adviser. Other than with respect to this limited license, the Company has no legal right to the “Monroe Capital” name or logo. As of both December 31, 2023 and 2022, the Company had accounts payable to members of the Board of zero, representing accrued and unpaid fees for their services. |
Borrowings
Borrowings | 12 Months Ended |
Dec. 31, 2023 | |
Debt Disclosure [Abstract] | |
Borrowings | Borrowings In accordance with the 1940 Act, the Company is permitted to borrow amounts such that its asset coverage ratio, as defined in the 1940 Act, is at least 150% after such borrowing. The Company has been granted exemptive relief from the SEC for permission to exclude the debt of MRCC SBIC guaranteed by the SBA, prior to its dissolution, from the asset coverage test under the 1940 Act. As of both December 31, 2023 and 2022, the Company’s asset coverage ratio based on aggregate borrowings outstanding was 167%. Revolving Credit Facility : The Company has a $255,000 revolving credit facility with ING Capital LLC, as agent. The revolving credit facility has an accordion feature which permits the Company, under certain circumstances to increase the size of the facility up to $400,000. The Company may make draws under the revolving credit facility to make or purchase additional investments through December 27, 2026 and for general working capital purposes until December 27, 2027, the maturity date of the revolving credit facility. On December 27, 2022, the Company amended the revolving credit facility which extended the maturity date from March 1, 2024 to December 27, 2027, increased the advance rate against certain types of assets in the Company’s portfolio, with corresponding adjustments to the concentration limits and replaced LIBOR benchmark provisions with term SOFR benchmark provisions. The other significant terms of the credit facility remained unchanged. The Company incurred expenses of $1,765 in conjunction with the amendment which have been capitalized within unamortized deferred financing costs and are amortized into interest expense over the estimated average life of the borrowings. The Company’s ability to borrow under the revolving credit facility is subject to availability under the borrowing base, which permits the Company to borrow up to 72.5% of the fair market value of its portfolio company investments depending on the type of investment the Company holds and whether the investment is quoted. The Company’s ability to borrow is also subject to certain concentration limits, and continued compliance with the representations, warranties and covenants given by the Company under the facility. The revolving credit facility contains certain financial covenants, including, but not limited to, the Company’s maintenance of: (1) minimum consolidated total net assets at least equal to $150,000 plus 65% of the net proceeds to the Company from sales of its equity securities after March 1, 2019; (2) a ratio of total assets (less total liabilities other than indebtedness) to total indebtedness of not less than 1.5 to 1; and (3) a senior debt coverage ratio of at least 2 to 1. The revolving credit facility also requires the Company to undertake customary indemnification obligations with respect to ING Capital LLC and other members of the lending group and to reimburse the lenders for expenses associated with entering into the credit facility. The revolving credit facility also has customary provisions regarding events of default, including events of default for nonpayment, change in control transactions at both Monroe Capital Corporation and MC Advisors, failure to comply with financial and negative covenants, and failure to maintain the Company’s relationship with MC Advisors. If the Company incurs an event of default under the revolving credit facility and fails to remedy such default under any applicable grace period, if any, then the entire revolving credit facility could become immediately due and payable, which would materially and adversely affect the Company’s liquidity, financial condition, results of operations and cash flows. The Company’s revolving credit facility also imposes certain conditions that may limit the amount of the Company’s distributions to stockholders. Distributions payable in the Company’s common stock under the DRIP are not limited by the revolving credit facility. Distributions in cash or property other than common stock are generally limited to 115% of the amount of distributions required to maintain the Company’s status as a RIC. As of December 31, 2023 and 2022, the Company had U.S. dollar borrowings of $174,100 and $204,600, respectively, and no borrowings denominated in a foreign currency as of either date. Any borrowings denominated in a foreign currency may be positively or negatively affected by movements in the rate of exchange between the U.S. dollar and the respective foreign currency. These movements are beyond the control of the Company and cannot be predicted. Borrowings denominated in a foreign currency are translated into U.S. dollars based on the spot rate at each balance sheet date. The impact resulting from changes in foreign currency borrowings is included in net change in unrealized gain (loss) on foreign currency and other transactions on the Company’s consolidated statements of operations and totaled zero, $157 and $660 for the years ended December 31, 2023, 2022 and 2021, respectively. There were no repayments of foreign currency borrowings for the year ended December 31, 2023. For the year ended December 31, 2022, the Company repaid borrowings denominated in Great Britain pounds of £3,433. As a result of this repayment, the Company recognized a realized gain (loss) on foreign currency and other transactions on the Company’s consolidated statements of operations of ($11) for year ended December 31, 2022. For the year ended December 31, 2021, the Company repaid borrowings denominated in Great Britain pounds of £12,667 . As a result of this repayment, the Company recognized a realized gain (loss) on foreign currency and other transactions on the Company's consolidated statements of operations of ($866) for the year ended December 31, 2021. Borrowings under the revolving credit facility bear interest, at the Company’s election, at an annual rate of SOFR (one-month or three-month at the Company’s discretion based on the term of the borrowing) plus 2.625% or at a daily rate equal to 1.625% per annum plus the greater of 1.5%, the prime interest rate, the federal funds rate plus 0.5% or SOFR plus 1.0%, with a SOFR floor of 0.5%. In addition to the stated interest rate on borrowings under the revolving credit facility, the Company is required to pay a commitment fee and certain conditional fees based on usage of the expanded borrowing base and usage of the asset coverage ratio flexibility. A commitment fee of 0.5% per annum on any unused portion of the revolving credit facility if the utilized portion of the facility is greater than 35% of the then available maximum borrowing or a commitment fee of 1.0% per annum on any unused portion of the revolving credit facility if the utilized portion of the facility is less than or equal to 35% of the then available maximum borrowing. As of December 31, 2023 and 2022, the outstanding borrowings were accruing at a weighted average interest rate of 8.1% and 7.0%, respectively. 2023 Notes: On February 18, 2021, the Company redeemed $109,000 in aggregate principal amount of the 2023 Notes. The redemption was accounted for as a debt extinguishment in accordance with ASC Subtopic 470-50, Debt – Modifications and Extinguishments (“ASC 470-50”), which resulted in a realized loss of $2,335 (primarily comprised of the unamortized deferred financing costs at the time of the redemption) recorded in net gain (loss) on extinguishment of debt on the Company’s consolidated statements of operations. The 2023 Notes were delisted from the Nasdaq Global Select Market in conjunction with the redemption. 2026 Notes: As of both December 31, 2023 and 2022, the Company had $130,000 in aggregate principal amount of senior unsecured notes outstanding that mature on February 15, 2026. The 2026 Notes bear interest at an annual rate of 4.75% payable semi-annually on February 15 and August 15. The Company may redeem the 2026 Notes in whole or in part at any time or from time to time at the Company’s option at par plus a “make-whole” premium, if applicable. The 2026 Notes are general, unsecured obligations and rank equal in right of payment with all of the Company’s existing and future unsecured indebtedness. SBA Debentures: On March 1, 2022, MRCC SBIC fully repaid its outstanding debentures utilizing a borrowing on the revolving credit facility and the restricted cash and cash equivalents at MRCC SBIC. This repayment was accounted for as a debt extinguishment in accordance with ASC 470-50, which resulted in a realized loss of $1,039 (primarily comprised of the unamortized deferred financing costs at the time of the repayment) recorded in net gain (loss) on extinguishment of debt on the Company’s consolidated statements of operations. MRCC SBIC received approval from the SBA to surrender its SBIC license and on March 31, 2022, MRCC SBIC was dissolved. Components of interest expense: The components of the Company’s interest expense and other debt financing expenses, average debt outstanding balances and average stated interest rates (i.e. the rate in effect plus spread) were as follows: For the Years Ended December 31, 2023 2022 2021 Interest expense - revolving credit facility $ 15,319 $ 8,442 $ 4,593 Interest expense - 2023 Notes — — 837 Interest expense - 2026 Notes 6,220 6,220 5,763 Interest expense - SBA debentures — 292 2,676 Amortization of deferred financing costs 1,308 2,126 2,205 Total interest and other debt financing expenses $ 22,847 $ 17,080 $ 16,074 Average debt outstanding $ 318,884 $ 314,053 $ 332,034 Average stated interest rate 6.7% 4.7% 4.1% |
Derivative Instruments
Derivative Instruments | 12 Months Ended |
Dec. 31, 2023 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Derivative Instruments | Derivative Instruments The Company enters into foreign currency forward contracts from time to time to help mitigate the impact that an adverse change in foreign exchange rates would have on future interest cash flows from the Company’s investments denominated in foreign currencies. As of December 31, 2023, the Company held no foreign currency forward contracts. As of December 31, 2022, the counterparty to these foreign currency forward contracts was Bannockburn Global Forex, LLC. Net unrealized gain or loss on foreign currency forward contracts are included in net change in unrealized gain (loss) on foreign currency forward contracts and net realized gain or loss on forward currency forward contracts are included in net realized gain (loss) on foreign currency forward contracts on the accompanying consolidated statements of operations. Certain information related to the Company's foreign currency forward contracts is presented below as of December 31, 2022. As of December 31, 2022 Description Notional Amount Settlement Gross Gross Balance Sheet location of Net Amounts Foreign currency forward contract AUD 153 1/18/2023 $ 14 $ — Unrealized gain on foreign currency forward contracts Foreign currency forward contract AUD 140 2/16/2023 13 — Unrealized gain on foreign currency forward contracts Foreign currency forward contract AUD 132 3/16/2023 12 — Unrealized gain on foreign currency forward contracts Foreign currency forward contract AUD 160 4/20/2023 14 — Unrealized gain on foreign currency forward contracts Foreign currency forward contract AUD 121 5/16/2023 11 — Unrealized gain on foreign currency forward contracts Foreign currency forward contract AUD 156 6/19/2023 14 — Unrealized gain on foreign currency forward contracts Foreign currency forward contract AUD 138 7/18/2023 12 — Unrealized gain on foreign currency forward contracts Foreign currency forward contract AUD 146 8/16/2023 13 — Unrealized gain on foreign currency forward contracts Foreign currency forward contract AUD 146 9/18/2023 13 — Unrealized gain on foreign currency forward contracts Foreign currency forward contract AUD 148 10/18/2023 13 — Unrealized gain on foreign currency forward contracts Foreign currency forward contract AUD 140 11/16/2023 12 — Unrealized gain on foreign currency forward contracts Foreign currency forward contract AUD 142 12/18/2023 12 — Unrealized gain on foreign currency forward contracts Foreign currency forward contract AUD 150 1/17/2024 13 — Unrealized gain on foreign currency forward contracts Foreign currency forward contract AUD 143 2/16/2024 12 — Unrealized gain on foreign currency forward contracts Foreign currency forward contract AUD 15,410 3/18/2024 1,329 — Unrealized gain on foreign currency forward contracts $ 1,507 $ — For the years ended December 31, 2023, 2022 and 2021, the Company recognized net change in unrealized gain (loss) on foreign currency forward contracts of ($1,507), $726 and $894, respectively. For the years ended December 31, 2023, 2022 and 2021, the Company recognized net realized gain (loss) on foreign currency forward contracts of $1,756, $119 and ($48), respectively. |
Income Taxes
Income Taxes | 12 Months Ended |
Dec. 31, 2023 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | Income Taxes The Company has elected to be treated as a RIC under Subchapter M of the Code. As a RIC, the Company is not taxed on any investment company taxable income or capital gains which it distributes to stockholders. The Company intends to distribute all of its investment company taxable income and capital gains annually. Accordingly, no provision for federal income tax has been made in the consolidated financial statements. Dividends from net investment income and distributions from net realized capital gains are determined in accordance with U.S. federal tax regulations, which may differ from amounts in accordance with U.S. GAAP and those differences could be material. These book-to-tax differences are either temporary or permanent in nature. Reclassifications due to permanent book-to-tax differences have no impact on net assets. The following permanent differences were reclassified for tax purposes: For the Years Ended December 31, 2023 2022 2021 Increase (decrease) in capital in excess of par value $ (573) $ 13 $ (301) Increase (decrease) in accumulated undistributed (overdistributed) earnings 573 (13) 301 Taxable income generally differs from net increase (decrease) in net assets resulting from operations for financial reporting purposes due to temporary and permanent differences in the recognition of income and expenses and generally excludes unrealized gain (loss) on investments as investment gains and losses are not included in taxable income until they are realized. Capital losses in excess of capital gains earned in a tax year may generally be carried forward and used to offset capital gains, subject to certain limitations. Under the Regulated Investment Company Modernization Act of 2010, capital losses incurred after September 30, 2011 are not subject to expiration and retain their character as either short-term or long-term capital losses. As of both December 31, 2023 and 2022, the Company had no short-term capital loss carryforwards. As of December 31, 2023 and 2022, the Company had long-term capital loss carryforwards of $84,972 and $43,370, respectively. The following table reconciles net increase in net assets resulting from operations to taxable income: For the Years Ended December 31, 2023 2022 2021 Net increase (decrease) in net assets resulting from operations $ 371 $ (2,786) $ 32,459 Net change in unrealized (gain) loss for book but not tax (14,270) 22,892 (36,108) Other realized gain (loss) for tax but not book (275) — — Other income (loss) for tax but not book (3,877) (579) (961) Other deductions for book in excess of deductions for tax — — — Expenses not currently deductible 806 1,405 282 Net capital loss carryforward 41,602 2,674 20,040 Taxable Income before deductions for distributions $ 24,357 $ 23,606 $ 15,712 For income tax purposes, distributions paid to stockholders are reported as ordinary income, return of capital, long term capital gains or a combination thereof. The following table provides the tax character of distributions paid: For the Years Ended December 31, 2023 2022 2021 Ordinary income $ 21,666 $ 21,666 $ 21,514 Long-term capital gains — — — Total $ 21,666 $ 21,666 $ 21,514 The Company’s consolidated Taxable Subsidiaries are subject to U.S. federal and state income taxes. For the years ended December 31, 2023, 2022 and 2021, the Company recorded a net tax expense of approximately $321, $1,311 and $4, respectively, for these Taxable Subsidiaries. As of December 31, 2023, the estimated cost basis of investment for U.S. federal income tax purposes was $508,344, resulting in estimated net unrealized loss of $19,959, comprised of estimated gross unrealized gains and losses of $20,002 and $39,961, respectively. As of December 31, 2022, the estimated cost basis of investment for U.S. federal income tax purposes was $579,604, resulting in estimated net unrealized loss of $38,563, comprised of estimated gross unrealized gains and losses of $20,104 and $58,667, respectively. |
Distributions
Distributions | 12 Months Ended |
Dec. 31, 2023 | |
Dividends [Abstract] | |
Distributions | Distributions The Company’s distributions are recorded on the record date. The following table summarizes distributions declared during the years ended December 31, 2023, 2022 and 2021: Date Record Payment Amount Cash DRIP DRIP DRIP Shares Cost of Year ended December 31, 2023: March 1, 2023 March 15, 2023 March 31, 2023 $ 0.25 $ 5,417 — $ — 10,380 $ 81 June 2, 2023 June 15, 2023 June 30, 2023 0.25 5,417 — — 9,045 73 September 1, 2023 September 15, 2023 September 29, 2023 0.25 5,417 — — 16,514 123 December 1, 2023 December 15, 2023 December 29, 2023 0.25 5,415 — — 1,074 12 Total distributions declared $ 1.00 $ 21,666 — $ — 37,013 $ 289 Year ended December 31, 2022: March 2, 2022 March 16, 2022 March 31, 2022 $ 0.25 $ 5,417 — $ — 25,229 $ 276 June 1, 2022 June 15, 2022 June 30, 2022 0.25 5,416 — — 29,655 280 September 1, 2022 September 15, 2022 September 30, 2022 0.25 5,416 — — 20,789 164 December 5, 2022 December 15, 2022 December 30, 2022 0.25 5,417 — — 17,017 149 Total distributions declared $ 1.00 $ 21,666 — $ — 92,690 $ 869 Year ended December 31, 2021: March 2, 2021 March 16, 2021 March 31, 2021 $ 0.25 $ 5,326 — $ — 35,611 $ 364 June 2, 2021 June 16, 2021 June 30, 2021 0.25 5,386 — — 31,277 343 September 2, 2021 September 16, 2021 September 30, 2021 0.25 5,386 — — 35,623 369 December 2, 2021 December 16, 2021 December 31, 2021 0.25 5,416 — — 27,905 315 Total distributions declared $ 1.00 $ 21,514 — $ — 130,416 $ 1,391 None of the distributions declared during the years ended December 31, 2023, 2022 and 2021 represented a return of capital for tax purposes. |
Stock Issuances and Repurchases
Stock Issuances and Repurchases | 12 Months Ended |
Dec. 31, 2023 | |
Stockholders' Equity Note [Abstract] | |
Stock Issuances and Repurchases | Stock Issuances and Repurchases Stock Issuances: On May 12, 2017, the Company entered into at-the-market (“ATM”) equity distribution agreements with each of JMP Securities LLC (“JMP”) and FBR Capital Markets & Co. (“FBR”) (the “ATM Program”) through which the Company could sell, by means of ATM offerings, from time to time, up to $50,000 of the Company’s common stock. On May 8, 2020, the Company entered into an amendment to the ATM Program to extend its term. All other material terms of the ATM Program remain unchanged. There were no stock issuances through the ATM Program during the years ended December 31, 2023 and 2022. |
Commitments and Contingencies
Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2023 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | Commitments and Contingencies Commitments : As of December 31, 2023 and 2022, we had outstanding commitments to fund investments under undrawn revolvers, delayed draw commitments and subscription agreements, excluding unfunded commitments in SLF, totaling $37,182 and $63,450, respectively. As described in Note 3, the Company had unfunded commitments of $7,350, to SLF as of both December 31, 2023 and 2022, that may be contributed primarily for the purpose of funding new investments approved by the SLF investment committee. Drawdowns of the commitments to SLF require authorization from one of the Company’s representatives on SLF’s board of managers. Management believes that the Company's available cash balances and /or ability to draw on the revolving credit facility provide sufficient funds to cover its unfunded commitments as of December 31, 2023. Indemnifications: In the normal course of business, the Company enters into contracts and agreements that contain a variety of representations and warranties that provide general indemnifications. The Company’s maximum exposure under these agreements is unknown, as these involve future claims that may be made against the Company but that have not occurred. The Company expects the risk of any future obligations under these indemnifications to be remote. Concentration of credit and counterparty risk: Credit risk arises primarily from the potential inability of counterparties to perform in accordance with the terms of the contract. In the event that the counterparties do not fulfill their obligations, the Company may be exposed to risk. The risk of default depends on the creditworthiness of the counterparties or issuers of the instruments. It is the Company’s policy to review, as necessary, the credit standing of each counterparty. Market risk: The Company’s investments and borrowings are subject to market risk. Market risk is the potential for changes in the value due to market changes. Market risk is directly impacted by the volatility and liquidity in the markets in which the investments and borrowings are traded. Legal proceedings: In the normal course of business, the Company may be subject to legal and regulatory proceedings that are generally incidental to its ongoing operations. While there can be no assurance of the ultimate disposition of any such proceedings, the Company is not currently aware of any such proceedings or disposition that would have a material adverse effect on the Company’s consolidated financial statements. |
Financial Highlights
Financial Highlights | 12 Months Ended |
Dec. 31, 2023 | |
Investment Company, Financial Highlights [Abstract] | |
Financial Highlights | Financial Highlights The financial highlights for the Company are as follows: For the Years Ended December 31, 2023 2022 2021 2020 2019 Per share data: Net asset value at beginning of year $ 10.39 $ 11.51 $ 11.00 $ 12.20 $ 12.66 Net investment income (1) 1.07 1.02 1.03 1.45 1.42 Net gain (loss) (1) (1.05) (1.15) 0.48 (1.37) (0.48) Net increase (decrease) in net assets resulting from operations (1) 0.02 (0.13) 1.51 0.08 0.94 Stockholder distributions – income (1.00) (1.00) (1.00) (1.10) (1.40) Stockholder distributions – capital gains — — — — — Stockholder distributions – return of capital — — — — — Effect of share issuance above (below) NAV (2) — — — (0.18) — Effect of share repurchases (2) — — — — — Other (2) (0.01) 0.01 — — — Net asset value at end of year $ 9.40 $ 10.39 $ 11.51 $ 11.00 $ 12.20 Net assets at end of year $ 203,724 $ 225,019 $ 249,471 $ 234,434 $ 249,357 Shares outstanding at end of year 21,666,340 21,666,340 21,666,340 21,303,540 20,444,564 Per share market value at end of year $ 7.07 $ 8.54 $ 11.22 $ 8.03 $ 10.86 Total return based on market value (3) (6.85) % (15.20) % 53.26 % (13.86) % 27.68 % Total return based on average net asset value (4) 0.17 % (1.18 %) 13.40 % 0.72 % 7.53 % Ratio/Supplemental data: (5) Ratio of net investment income to average net assets 10.84 % 9.42 % 9.15 % 13.32 % 11.38 % Ratio of total expenses, net of base management fee and incentive fee waivers, to average net assets 19.14 % 14.60 % 13.07 % 13.68 % 15.35 % Portfolio turnover 12.12 % 24.93 % 41.80 % 25.24 % 27.18 % For the Years Ended December 31, 2018 2017 2016 2015 2014 Per share data: Net asset value at beginning of year $ 13.77 $ 14.52 $ 14.19 $ 14.05 $ 13.92 Net investment income (1) 1.57 1.40 1.55 1.60 1.57 Net gain (loss) (1) (1.28) (0.75) 0.13 (0.07) (0.12) Net increase (decrease) in net assets from operations (1) 0.29 0.65 1.68 1.53 1.45 Stockholder distributions – income (1.40) (1.37) (1.40) (1.37) (1.36) Stockholder distributions – capital gains — (0.03) — (0.03) — Stockholder distributions – return of capital — — — — — Effect of share issuance above (below) NAV (2) — — 0.05 — — Effect of share repurchases (2) — — — — 0.04 Other (2) — — — 0.01 — Net asset value at end of year $ 12.66 $ 13.77 $ 14.52 $ 14.19 $ 14.05 Net assets at end of year $ 258,767 $ 278,699 $ 240,850 $ 184,535 $ 133,738 Shares outstanding at end of year 20,444,564 20,239,957 16,581,869 13,008,007 9,517,910 Per share market value at end of year $ 9.60 $ 13.75 $ 15.38 $ 13.09 $ 14.46 Total return based on market value (3) (21.74) % (1.82) % 28.95 % (0.21) % 30.67 % Total return based on average net asset value (4) 2.17 % 4.58 % 11.70 % 11.04 % 10.34 % Ratio/Supplemental data: (5) Ratio of net investment income to average net assets 11.85 % 9.80 % 10.81 % 11.56 % 11.20 % Ratio of total expenses, net of base management fee and incentive fee waivers, to average net assets 9.84 % 9.46 % 10.81 % 11.20 % 11.03 % Portfolio turnover 31.53 % 39.39 % 22.41 % 30.70 % 47.03 % ______________________________________________________________ (1) Calculated using the weighted average shares outstanding during the years presented. (2) Includes the effect of share issuances above (below) net asset value and the impact of different share amounts used in calculating per share data as a result of calculating certain per share data based on weighted average shares outstanding during the period and certain per share data based on shares outstanding as of a period end or transaction date. (3) Total return based on market value is calculated assuming a purchase of common shares at the market value on the first day and a sale at the market value on the last day of the periods reported. Distributions, if any, are assumed for purposes of this calculation to be reinvested at prices obtained under the Company’s DRIP. Total return based on market value does not reflect brokerage commissions. (4) Total return based on average net asset value is calculated by dividing the net increase (decrease) in net assets resulting from operations by the average net asset value. (5) The following is a schedule of supplemental ratios for the years presented. For the Years Ended December 31, 2023 2022 2021 2020 2019 Ratio of total investment income to average net assets 29.98 % 24.02 % 22.22 % 27.00 % 26.73 % Ratio of interest and other debt financing expenses to average net assets 10.65 % 7.25 % 6.63 % 7.89 % 7.95 % Ratio of total expenses (without base management fee waivers and incentive fees) to average net assets 16.43 % 13.09 % 12.16 % 13.86 % 13.61 % Ratio of incentive fees, net of incentive fee waivers, to average net assets (6) 2.71 % 1.53 % 0.91 % 0.00 % 1.74 % For the Years Ended December 31, 2018 2017 2016 2015 2014 Ratio of total investment income to average net assets 21.69 % 19.26 % 21.62 % 22.76 % 22.23 % Ratio of interest and other debt financing expenses to average net assets 4.56 % 3.13 % 3.26 % 3.33 % 3.23 % Ratio of total expenses (without base management fee waivers and incentive fees) to average net assets 9.19 % 7.43 % 8.17 % 8.31 % 8.42 % Ratio of incentive fees, net of incentive fee waivers, to average net assets (6) 0.65 % 2.03 % 2.64 % 2.89 % 2.61 % ______________________________________________________________ (6) The ratio of waived incentive fees to average net assets was zero, 0.22%, 0.61%, 0.31%, 0.46%, zero, 0.12%, 0.13%, zero and zero for the years presented. |
Subsequent Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2023 | |
Subsequent Events [Abstract] | |
Subsequent Events | Subsequent Events The Company has evaluated subsequent events through March 11, 2024, the date on which the consolidated financial statements were issued. On March 5, 2024, the Board declared a quarterly distribution of $0.25 per share payable on March 29, 2024 to holders of record on March 15, 2024. |
Pay vs Performance Disclosure
Pay vs Performance Disclosure - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Pay vs Performance Disclosure | |||
Net increase (decrease) in net assets resulting from operations | $ 371 | $ (2,786) | $ 32,459 |
Insider Trading Arrangements
Insider Trading Arrangements | 3 Months Ended |
Dec. 31, 2023 | |
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 - USD ($) | 3 Months Ended | 12 Months Ended | ||||||||||||||||
Dec. 31, 2023 | Sep. 30, 2023 | Jun. 30, 2023 | Mar. 31, 2023 | Dec. 31, 2022 | Sep. 30, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Dec. 31, 2023 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2021 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | |
Cover [Abstract] | ||||||||||||||||||
Entity Central Index Key | 0001512931 | |||||||||||||||||
Amendment Flag | false | |||||||||||||||||
Securities Act File Number | 814-00866 | |||||||||||||||||
Document Type | 10-K | |||||||||||||||||
Entity Registrant Name | MONROE CAPITAL CORPORATION | |||||||||||||||||
Entity Address, Address Line One | 311 South Wacker Drive, Suite 6400 | |||||||||||||||||
Entity Address, City or Town | Chicago | |||||||||||||||||
Entity Address, State or Province | IL | |||||||||||||||||
Entity Address, Postal Zip Code | 60606 | |||||||||||||||||
City Area Code | 312 | |||||||||||||||||
Local Phone Number | 258-8300 | |||||||||||||||||
Entity Well-known Seasoned Issuer | No | |||||||||||||||||
Entity Emerging Growth Company | false | |||||||||||||||||
Fee Table [Abstract] | ||||||||||||||||||
Shareholder Transaction Expenses [Table Text Block] | December 31, 2023 Stockholder transaction expenses (as a percentage of offering price): Sales load — % (1) Offering expenses — % (2) Dividend reinvestment plan expenses Up to $15 Transaction Fee (3) Total stockholder transaction expenses — % (2) Annual expenses (as a percentage of net assets attributable to common stock): Base management fees 4.08 % (4) Incentive fees payable under the Investment Advisory and Management Agreement 2.57 % (5) Interest payments on borrowed funds 11.03 % (6) Other expenses 2.21 % (7) Acquired fund fees and expenses 2.13 % (8) Total annual expense 22.02 % (9) ______________________________________________________________ (1) In the event that the securities to which this prospectus relates are sold to or through underwriters or agents, a corresponding prospectus supplement will disclose the applicable sales load. (2) The related prospectus supplement will disclose the estimated amount of total offering expenses (which may include offering expenses borne by third parties on our behalf), the offering price and the offering expenses borne by us as a percentage of the offering price. (3) The expenses of the dividend reinvestment plan are included in “other expenses.” The plan administrator's fees will be paid by us. There will be no brokerage charges or other charges to stockholders who participate in the plan except that, if a participant elects by written notice to the plan administrator to have the plan administrator sell part or all of the shares held by the plan administrator in the participant's account and remit the proceeds to the participant, the plan administrator is authorized to deduct a $15.00 transaction fee plus a $0.10 per share brokerage commission from the proceeds. For additional information, see “Dividend Reinvestment Plan.” (4) Our base management fee is calculated initially at an annual rate of 1.75% of our average invested assets (calculated as total assets excluding cash, which includes assets financed using leverage); provided however, the base management fee is calculated at an annual rate equal to 1.00% of our average invested assets (calculated as total assets excluding cash, which includes assets financed using leverage) that exceeds the product of (i) 200% and (ii) our average net assets. The “base management fee” percentage is calculated as a percentage of net assets attributable to common stockholders, rather than total assets, including assets that have been funded with borrowed monies, because common stockholders bear all of this cost. The base management fee in the table above assumes the base management fee remains consistent with fees incurred for the quarter ended December 31, 2023 of $2.1 million, based on average total assets (excluding cash) for the period of $522.7 million, as a percentage of our average net assets for the period of $205.6 million. See “Management and Other Agreements — Investment Advisory and Management Agreement.” (5) Estimated assuming that annual incentive fees earned by MC Advisors remains consistent with the incentive fees earned for the quarter ended December 31, 2023 of $1.3 million, as a percentage of our average net assets of $205.6 million for the period. The incentive fee consists of two parts: The first part of the incentive fee, payable quarterly in arrears, equals 20% of our pre-incentive fee net investment income (including interest that is accrued but not yet received in cash), subject to a 2% quarterly (8% annualized) rate of return on the value of our net assets, or hurdle rate, and a “catch-up” provision measured as of the end of each calendar quarter. Under this provision, in any calendar quarter, MC Advisors receives no incentive fee until our net investment income equals the hurdle rate of 2% but then receives, as a “catch-up,” 100% of our pre-incentive fee net investment income with respect to that portion of such pre-incentive fee net investment income, if any, that exceeds the hurdle rate but is less than 2.5%. The effect of this provision is that, if pre-incentive fee net investment income exceeds 2.5% in any calendar quarter, MC Advisors will receive 20% of our pre-incentive fee net investment income as if a hurdle rate did not apply. The first component of the incentive fee will be computed and paid on income that includes, in the case of investments with a deferred interest feature such as market discount, debt instruments with PIK interest, preferred stock with PIK dividends and zero coupon securities, accrued income that we have not yet received in cash. Since the hurdle rate is fixed, as interest rates rise, it will be easier for the MC Advisors to surpass the hurdle rate and receive an incentive fee based on net investment income. The foregoing incentive fee is subject to a total return requirement, which provides that no incentive fee in respect of our pre-incentive fee net investment income will be payable except to the extent that 20% of the cumulative net increase in net assets resulting from operations over the then current and 11 preceding calendar quarters exceeds the cumulative incentive fees accrued and/or paid for the 11 preceding calendar quarters. In other words, any ordinary income incentive fee that is payable in a calendar quarter will be limited to the lesser of (i) 20% of the amount by which our pre-incentive fee net investment income for such calendar quarter exceeds the 2% hurdle, subject to the “catch-up” provision, and (ii) (x) 20% of the cumulative net increase in net assets resulting from operations for the then current and 11 preceding calendar quarters minus (y) the cumulative incentive fees accrued and/or paid for the 11 preceding calendar quarters. For the foregoing purpose, the “cumulative net increase in net assets resulting from operations” is the sum of our pre-incentive fee net investment income, base management fees, realized gains and losses and unrealized appreciation and depreciation for the then current and 11 preceding calendar quarters. The second part of the incentive fee, payable annually in arrears, equals 20% of our realized capital gains on a cumulative basis from inception through the end of the fiscal year, if any (or upon the termination of the Investment Advisory and Management Agreement, as of the termination date), computed net of all realized capital losses on a cumulative basis and unrealized capital depreciation, less the aggregate amount of any previously paid capital gain incentive fees. We will accrue (but not pay) an expense for potential payment of capital gain incentive fees with respect to any unrealized appreciation on our portfolio. See “Management and Other Agreements — Investment Advisory and Management Agreement.” (6) We may borrow funds from time to time to make investments to the extent we determine that it is appropriate to do so. The costs associated with any outstanding borrowings are indirectly borne by our investors. The table assumes borrowings are consistent with the average borrowings for the quarter ended December 31, 2023 of $317.6 million, no preferred stock issued or outstanding and average net assets of $205.6 million. For the quarter ended December 31, 2023, we had interest expense of $5.7 million (including fees for unused portions of commitments and amortization of deferred financing costs). As of December 31, 2023, the weighted average interest rate of our revolving credit facility (excluding debt issuance costs) was 8.10% and the interest rate on our senior unsecured notes was 4.75%. Although we do not have any current plans to issue debt securities or preferred stock in the next twelve months, we may issue debt securities or preferred stock, subject to our compliance with applicable requirements under the 1940 Act. (7) Includes our estimated overhead expenses, including payments under the Administration Agreement based on our allocable portion of overhead and other expenses incurred by MC Management. The table above assumes “other expenses” remain consistent with the $1.1 million incurred during the quarter ended December 31, 2023 and average net assets for the period of $205.6 million. (8) Our stockholders indirectly bear the expenses of our investment in SLF. SLF does not pay any fees to MC Advisors or its affiliates; however, SLF has entered into an administration agreement with MC Management, pursuant to which certain loan servicing and administrative functions are delegated to MC Management. SLF may reimburse MC Management for its allocable share of overhead and other expenses incurred by MC Management. For the quarter ended December 31, 2023, SLF incurred $55 thousand of allocable expenses. The table above assumes “acquired fund fees and expenses” remain consistent with the $1.1 million of expenses incurred for the quarter ended December 31, 2023 and average net assets for the period of $205.6 million. Future expenses for SLF may be substantially higher or lower because certain expenses may fluctuate over time. (9) “Total annual expenses” as a percentage of consolidated net assets attributable to common stock are higher than the total annual expenses percentage would be for a company that is not leveraged. We borrow money to leverage our net assets and increase our total assets. We calculate the “total annual expenses” percentage as a percentage of net assets (defined as total assets less indebtedness and after taking into account any incentive fees payable during the period), rather than the total assets, including assets that have been purchased with borrowed amounts. The terms of our indebtedness may be found in “Management’s Discussion and Analysis of Financial Condition and Results of Operations — Liquidity and Capital Resources — Borrowings” incorporated by reference into this prospectus and in other documents incorporated by reference into this prospectus. If the “total annual expenses” percentage were calculated instead as a percentage of average consolidated total assets for the quarter ended December 31, 2023, our “total annual expenses” would be 8.58% of average consolidated total assets for the period of $527.9 million. With certain limited exceptions, we are only allowed to borrow amounts such that our asset coverage ratio, as defined in the 1940 Act, equals at least 150%. We have included our estimated leverage expenses (consistent with the assumptions in footnote (7)) in “total annual expenses.” | |||||||||||||||||
Sales Load [Percent] | 0% | |||||||||||||||||
Dividend Reinvestment and Cash Purchase Fees | $ 0.15 | |||||||||||||||||
Other Transaction Expenses [Abstract] | ||||||||||||||||||
Other Transaction Expense 1 [Percent] | 0% | |||||||||||||||||
Annual Expenses [Table Text Block] | December 31, 2023 Stockholder transaction expenses (as a percentage of offering price): Sales load — % (1) Offering expenses — % (2) Dividend reinvestment plan expenses Up to $15 Transaction Fee (3) Total stockholder transaction expenses — % (2) Annual expenses (as a percentage of net assets attributable to common stock): Base management fees 4.08 % (4) Incentive fees payable under the Investment Advisory and Management Agreement 2.57 % (5) Interest payments on borrowed funds 11.03 % (6) Other expenses 2.21 % (7) Acquired fund fees and expenses 2.13 % (8) Total annual expense 22.02 % (9) ______________________________________________________________ (1) In the event that the securities to which this prospectus relates are sold to or through underwriters or agents, a corresponding prospectus supplement will disclose the applicable sales load. (2) The related prospectus supplement will disclose the estimated amount of total offering expenses (which may include offering expenses borne by third parties on our behalf), the offering price and the offering expenses borne by us as a percentage of the offering price. (3) The expenses of the dividend reinvestment plan are included in “other expenses.” The plan administrator's fees will be paid by us. There will be no brokerage charges or other charges to stockholders who participate in the plan except that, if a participant elects by written notice to the plan administrator to have the plan administrator sell part or all of the shares held by the plan administrator in the participant's account and remit the proceeds to the participant, the plan administrator is authorized to deduct a $15.00 transaction fee plus a $0.10 per share brokerage commission from the proceeds. For additional information, see “Dividend Reinvestment Plan.” (4) Our base management fee is calculated initially at an annual rate of 1.75% of our average invested assets (calculated as total assets excluding cash, which includes assets financed using leverage); provided however, the base management fee is calculated at an annual rate equal to 1.00% of our average invested assets (calculated as total assets excluding cash, which includes assets financed using leverage) that exceeds the product of (i) 200% and (ii) our average net assets. The “base management fee” percentage is calculated as a percentage of net assets attributable to common stockholders, rather than total assets, including assets that have been funded with borrowed monies, because common stockholders bear all of this cost. The base management fee in the table above assumes the base management fee remains consistent with fees incurred for the quarter ended December 31, 2023 of $2.1 million, based on average total assets (excluding cash) for the period of $522.7 million, as a percentage of our average net assets for the period of $205.6 million. See “Management and Other Agreements — Investment Advisory and Management Agreement.” (5) Estimated assuming that annual incentive fees earned by MC Advisors remains consistent with the incentive fees earned for the quarter ended December 31, 2023 of $1.3 million, as a percentage of our average net assets of $205.6 million for the period. The incentive fee consists of two parts: The first part of the incentive fee, payable quarterly in arrears, equals 20% of our pre-incentive fee net investment income (including interest that is accrued but not yet received in cash), subject to a 2% quarterly (8% annualized) rate of return on the value of our net assets, or hurdle rate, and a “catch-up” provision measured as of the end of each calendar quarter. Under this provision, in any calendar quarter, MC Advisors receives no incentive fee until our net investment income equals the hurdle rate of 2% but then receives, as a “catch-up,” 100% of our pre-incentive fee net investment income with respect to that portion of such pre-incentive fee net investment income, if any, that exceeds the hurdle rate but is less than 2.5%. The effect of this provision is that, if pre-incentive fee net investment income exceeds 2.5% in any calendar quarter, MC Advisors will receive 20% of our pre-incentive fee net investment income as if a hurdle rate did not apply. The first component of the incentive fee will be computed and paid on income that includes, in the case of investments with a deferred interest feature such as market discount, debt instruments with PIK interest, preferred stock with PIK dividends and zero coupon securities, accrued income that we have not yet received in cash. Since the hurdle rate is fixed, as interest rates rise, it will be easier for the MC Advisors to surpass the hurdle rate and receive an incentive fee based on net investment income. The foregoing incentive fee is subject to a total return requirement, which provides that no incentive fee in respect of our pre-incentive fee net investment income will be payable except to the extent that 20% of the cumulative net increase in net assets resulting from operations over the then current and 11 preceding calendar quarters exceeds the cumulative incentive fees accrued and/or paid for the 11 preceding calendar quarters. In other words, any ordinary income incentive fee that is payable in a calendar quarter will be limited to the lesser of (i) 20% of the amount by which our pre-incentive fee net investment income for such calendar quarter exceeds the 2% hurdle, subject to the “catch-up” provision, and (ii) (x) 20% of the cumulative net increase in net assets resulting from operations for the then current and 11 preceding calendar quarters minus (y) the cumulative incentive fees accrued and/or paid for the 11 preceding calendar quarters. For the foregoing purpose, the “cumulative net increase in net assets resulting from operations” is the sum of our pre-incentive fee net investment income, base management fees, realized gains and losses and unrealized appreciation and depreciation for the then current and 11 preceding calendar quarters. The second part of the incentive fee, payable annually in arrears, equals 20% of our realized capital gains on a cumulative basis from inception through the end of the fiscal year, if any (or upon the termination of the Investment Advisory and Management Agreement, as of the termination date), computed net of all realized capital losses on a cumulative basis and unrealized capital depreciation, less the aggregate amount of any previously paid capital gain incentive fees. We will accrue (but not pay) an expense for potential payment of capital gain incentive fees with respect to any unrealized appreciation on our portfolio. See “Management and Other Agreements — Investment Advisory and Management Agreement.” (6) We may borrow funds from time to time to make investments to the extent we determine that it is appropriate to do so. The costs associated with any outstanding borrowings are indirectly borne by our investors. The table assumes borrowings are consistent with the average borrowings for the quarter ended December 31, 2023 of $317.6 million, no preferred stock issued or outstanding and average net assets of $205.6 million. For the quarter ended December 31, 2023, we had interest expense of $5.7 million (including fees for unused portions of commitments and amortization of deferred financing costs). As of December 31, 2023, the weighted average interest rate of our revolving credit facility (excluding debt issuance costs) was 8.10% and the interest rate on our senior unsecured notes was 4.75%. Although we do not have any current plans to issue debt securities or preferred stock in the next twelve months, we may issue debt securities or preferred stock, subject to our compliance with applicable requirements under the 1940 Act. (7) Includes our estimated overhead expenses, including payments under the Administration Agreement based on our allocable portion of overhead and other expenses incurred by MC Management. The table above assumes “other expenses” remain consistent with the $1.1 million incurred during the quarter ended December 31, 2023 and average net assets for the period of $205.6 million. (8) Our stockholders indirectly bear the expenses of our investment in SLF. SLF does not pay any fees to MC Advisors or its affiliates; however, SLF has entered into an administration agreement with MC Management, pursuant to which certain loan servicing and administrative functions are delegated to MC Management. SLF may reimburse MC Management for its allocable share of overhead and other expenses incurred by MC Management. For the quarter ended December 31, 2023, SLF incurred $55 thousand of allocable expenses. The table above assumes “acquired fund fees and expenses” remain consistent with the $1.1 million of expenses incurred for the quarter ended December 31, 2023 and average net assets for the period of $205.6 million. Future expenses for SLF may be substantially higher or lower because certain expenses may fluctuate over time. (9) “Total annual expenses” as a percentage of consolidated net assets attributable to common stock are higher than the total annual expenses percentage would be for a company that is not leveraged. We borrow money to leverage our net assets and increase our total assets. We calculate the “total annual expenses” percentage as a percentage of net assets (defined as total assets less indebtedness and after taking into account any incentive fees payable during the period), rather than the total assets, including assets that have been purchased with borrowed amounts. The terms of our indebtedness may be found in “Management’s Discussion and Analysis of Financial Condition and Results of Operations — Liquidity and Capital Resources — Borrowings” incorporated by reference into this prospectus and in other documents incorporated by reference into this prospectus. If the “total annual expenses” percentage were calculated instead as a percentage of average consolidated total assets for the quarter ended December 31, 2023, our “total annual expenses” would be 8.58% of average consolidated total assets for the period of $527.9 million. With certain limited exceptions, we are only allowed to borrow amounts such that our asset coverage ratio, as defined in the 1940 Act, equals at least 150%. We have included our estimated leverage expenses (consistent with the assumptions in footnote (7)) in “total annual expenses.” | |||||||||||||||||
Management Fees [Percent] | 4.08% | |||||||||||||||||
Interest Expenses on Borrowings [Percent] | 11.03% | |||||||||||||||||
Incentive Fees [Percent] | 2.57% | |||||||||||||||||
Acquired Fund Fees and Expenses [Percent] | 2.13% | |||||||||||||||||
Other Annual Expenses [Abstract] | ||||||||||||||||||
Other Annual Expenses [Percent] | 2.21% | |||||||||||||||||
Total Annual Expenses [Percent] | 22.02% | |||||||||||||||||
Expense Example [Table Text Block] | The following example illustrates the projected dollar amount of total cumulative expenses over various periods with respect to a hypothetical investment in our common stock. In calculating the following expense amounts, we have assumed we would have no additional leverage, that none of our assets are cash or cash equivalents and that our annual operating expenses would remain at the levels set forth in the table above. Transaction expenses are not included in the following example: You would pay the following expenses on a $1,000 investment 1 Year 3 Years 5 Years 10 Years Assuming a 5% annual return (assumes no return from net realized capital gains or net unrealized capital appreciation) $ 195 $ 584 $ 973 $ 1,945 Assuming a 5% annual return (assumes entire return is from realized capital gains and thus subject to the capital gains incentive fee) $ 205 $ 615 $ 1,028 $ 2,071 This table is to assist you in understanding the various costs and expenses that an investor in our common stock will bear directly or indirectly. While the example assumes, as required by the SEC, a 5% annual return, our performance will vary and may result in a return greater or less than 5%. As incentive fees vary based on the character of the 5% return, the example above provides (i) expenses assuming no return from capital gains (therefore not meeting the hurdle rate for the first part of the incentive fee) and (ii) expenses assuming the entire return is from realized capital gains (resulting in a capital gains incentive fee). For the quarter ended June 30, 2023, our return included net realized and unrealized capital losses. If we achieve sufficient returns on our investments, including through the realization of capital gains, to trigger an incentive fee of a material amount, our expenses, and returns to our investors, would be higher. In addition, while the example assumes reinvestment of all dividends and distributions at net asset value, if our board of directors authorizes and we declare a cash distribution, participants in our dividend reinvestment plan who have not otherwise elected to receive cash will receive a number of shares of our common stock, determined by dividing the total dollar amount of the distribution payable to a participant by the market price per share of our common stock at the close of trading on the valuation date for the distribution. See “Dividend Reinvestment Plan” for additional information regarding our dividend reinvestment plan. This example and the expenses in the table above should not be considered a representation of our future expenses as actual expenses (including the cost of debt, if any, and other expenses) that we may incur in the future and such actual expenses may be greater or less than those shown. | |||||||||||||||||
Expense Example, Year 01 | $ 195 | |||||||||||||||||
Expense Example, Years 1 to 3 | 584 | |||||||||||||||||
Expense Example, Years 1 to 5 | 973 | |||||||||||||||||
Expense Example, Years 1 to 10 | $ 1,945 | |||||||||||||||||
Purpose of Fee Table , Note [Text Block] | The following table is intended to assist you in understanding the costs and expenses that an investor in our common stock will bear directly or indirectly. We caution you that some of the percentages indicated in the table below are estimates and actual amounts and percentages may vary. Except where the context suggests otherwise, whenever this prospectus contains a reference to fees or expenses paid by “you,” “us,” “the Company” or “Monroe Capital Corporation,” or that “we” will pay fees or expenses, stockholders will indirectly bear such fees or expenses as investors in Monroe Capital Corporation. | |||||||||||||||||
Basis of Transaction Fees, Note [Text Block] | The expenses of the dividend reinvestment plan are included in “other expenses.” The plan administrator's fees will be paid by us. There will be no brokerage charges or other charges to stockholders who participate in the plan except that, if a participant elects by written notice to the plan administrator to have the plan administrator sell part or all of the shares held by the plan administrator in the participant's account and remit the proceeds to the participant, the plan administrator is authorized to deduct a $15.00 transaction fee plus a $0.10 per share brokerage commission from the proceeds. For additional information, see “Dividend Reinvestment Plan.” | |||||||||||||||||
Other Transaction Fees, Note [Text Block] | The related prospectus supplement will disclose the estimated amount of total offering expenses (which may include offering expenses borne by third parties on our behalf), the offering price and the offering expenses borne by us as a percentage of the offering price. | |||||||||||||||||
Other Expenses, Note [Text Block] | Includes our estimated overhead expenses, including payments under the Administration Agreement based on our allocable portion of overhead and other expenses incurred by MC Management. The table above assumes “other expenses” remain consistent with the $1.1 million incurred during the quarter ended December 31, 2023 and average net assets for the period of $205.6 million. | |||||||||||||||||
Management Fee not based on Net Assets, Note [Text Block] | Our base management fee is calculated initially at an annual rate of 1.75% of our average invested assets (calculated as total assets excluding cash, which includes assets financed using leverage); provided however, the base management fee is calculated at an annual rate equal to 1.00% of our average invested assets (calculated as total assets excluding cash, which includes assets financed using leverage) that exceeds the product of (i) 200% and (ii) our average net assets. The “base management fee” percentage is calculated as a percentage of net assets attributable to common stockholders, rather than total assets, including assets that have been funded with borrowed monies, because common stockholders bear all of this cost. The base management fee in the table above assumes the base management fee remains consistent with fees incurred for the quarter ended December 31, 2023 of $2.1 million, based on average total assets (excluding cash) for the period of $522.7 million, as a percentage of our average net assets for the period of $205.6 million. See “Management and Other Agreements — Investment Advisory and Management Agreement.” | |||||||||||||||||
Acquired Fund Fees and Expenses, Note [Text Block] | Our stockholders indirectly bear the expenses of our investment in SLF. SLF does not pay any fees to MC Advisors or its affiliates; however, SLF has entered into an administration agreement with MC Management, pursuant to which certain loan servicing and administrative functions are delegated to MC Management. SLF may reimburse MC Management for its allocable share of overhead and other expenses incurred by MC Management. For the quarter ended December 31, 2023, SLF incurred $55 thousand of allocable expenses. The table above assumes “acquired fund fees and expenses” remain consistent with the $1.1 million of expenses incurred for the quarter ended December 31, 2023 and average net assets for the period of $205.6 million. Future expenses for SLF may be substantially higher or lower because certain expenses may fluctuate over time. | |||||||||||||||||
Financial Highlights [Abstract] | ||||||||||||||||||
Senior Securities [Table Text Block] | Class and Year Outstanding Exclusive of Treasury Securities (1) Asset Coverage per Unit (2) Involuntary Liquidating Preference per Unit (3) Asset Market Value per Unit (4) Revolving Credit Facility December 31, 2023 $ 174,100 $ 1,670 — N/A December 31, 2022 204,600 1,673 — N/A December 31, 2021 151,045 1,888 — N/A December 31, 2020 126,559 1,995 — N/A December 31, 2019 180,294 1,862 — N/A December 31, 2018 136,026 2,262 — N/A December 31, 2017 117,092 3,380 — N/A December 31, 2016 129,000 2,848 — N/A December 31, 2015 123,700 2,462 — N/A December 31, 2014 82,300 2,547 — N/A 5.75% Notes due 2023 December 31, 2020 $ 109,000 $ 1,995 — $ 940 (5) December 31, 2019 109,000 1,862 — 1,005 (5) December 31, 2018 69,000 2,262 — 986 (5) 4.75% Notes due 2026 December 31, 2023 $ 130,000 $ 1,670 — N/A December 31, 2022 130,000 1,673 — N/A December 31, 2021 130,000 1,888 — N/A Secured Borrowings (6) December 31, 2016 (7) $ 1,320 $ 2,848 — N/A December 31, 2015 (8) 2,535 2,462 — N/A December 31, 2014 (9) 4,134 2,547 — N/A ______________________________________________________________ (1) Total amount of each class of senior securities outstanding at the end of the period presented. (2) The asset coverage ratio of senior securities representing indebtedness is calculated as our consolidated total assets, less all liabilities and indebtedness not represented by senior securities, divided by senior securities representing indebtedness. This asset coverage ratio is multiplied by $1,000 to determine the Asset Coverage per Unit (including for the 5.75% Notes due 2023 and 4.75% Notes due 2026, which were issued in $25 and $2,000 increments, respectively). On October 2, 2014, we received exemptive relief from the SEC which permitted us to exclude the debt of MRCC SBIC guaranteed by the SBA from our asset coverage test under the 1940 Act. (3) The amount to which such class of senior security would be entitled upon the involuntary liquidation of the issuer in preference to any security junior to it. The “—” in this column indicates that the SEC expressly does not require this information to be disclosed for certain types of senior securities. (4) Not applicable, except for with respect to the 5.75% Notes due 2023, as the other senior securities are not registered for public trading. (5) The average market value for the 5.75% Notes due 2023 is calculated as the average daily closing prices of such notes on the Nasdaq Global Select Market for the years ended December 31, 2020, 2019 and 2018, as applicable, divided by the par value per unit of such notes. This average market value is multiplied by $1,000 to determine the Average Market Value per Unit. (6) Certain partial loan sales do not qualify for sale accounting under ASC Topic 860 — Transfers and Servicing because these sales do not meet the definition of a “participating interest,” as defined in the guidance, in order for sale treatment to be allowed. Participations or other partial loan sales which do not meet the definition of a participating interest remain as an investment on the accompanying consolidated statements of assets and liabilities and the portion sold is recorded as a secured borrowing in the liabilities section of the consolidated statements of assets and liabilities. Amounts presented in this table represent the par amount outstanding. (7) The secured borrowings have a weighted average stated interest rate of 6.26%, a weighted average years to maturity of 1.0 year and a fair value as of December 31, 2016 of $1,314. (8) The secured borrowings have a weighted average stated interest rate of 5.75%, a weighted average years to maturity of 2.0 years and a fair value as of December 31, 2015 of $2,476. (9) The secured borrowings have a weighted average stated interest rate of 5.45%, a weighted average years to maturity of 3.0 years and a fair value as of December 31, 2014 of $4,008. | |||||||||||||||||
Senior Securities, Note [Text Block] | SECURITIES Information about our senior securities is shown in the following table as of December 31, 2023 and for the years indicated in the table (dollars in thousands). This annual information has been derived from our audited consolidated financial statements for each respective period, which have been audited by RSM US LLP, our independent registered public accounting firm. RSM US LLP’s report on the senior securities table as of December 31, 2023 is attached as Exhibit 99.1 to this report. | |||||||||||||||||
Senior Securities Averaging Method, Note [Text Block] | The average market value for the 5.75% Notes due 2023 is calculated as the average daily closing prices of such notes on the Nasdaq Global Select Market for the years ended December 31, 2020, 2019 and 2018, as applicable, divided by the par value per unit of such notes. This average market value is multiplied by $1,000 to determine the Average Market Value per Unit. | |||||||||||||||||
Senior Securities Headings, Note [Text Block] | Total amount of each class of senior securities outstanding at the end of the period presented. (2) The asset coverage ratio of senior securities representing indebtedness is calculated as our consolidated total assets, less all liabilities and indebtedness not represented by senior securities, divided by senior securities representing indebtedness. This asset coverage ratio is multiplied by $1,000 to determine the Asset Coverage per Unit (including for the 5.75% Notes due 2023 and 4.75% Notes due 2026, which were issued in $25 and $2,000 increments, respectively). On October 2, 2014, we received exemptive relief from the SEC which permitted us to exclude the debt of MRCC SBIC guaranteed by the SBA from our asset coverage test under the 1940 Act. (3) The amount to which such class of senior security would be entitled upon the involuntary liquidation of the issuer in preference to any security junior to it. The “—” in this column indicates that the SEC expressly does not require this information to be disclosed for certain types of senior securities. (4) Not applicable, except for with respect to the 5.75% Notes due 2023, as the other senior securities are not registered for public trading. | |||||||||||||||||
General Description of Registrant [Abstract] | ||||||||||||||||||
Investment Objectives and Practices [Text Block] | INVESTMENT STRATEGY Our investment objective is to maximize the total return to our stockholders in the form of current income and capital appreciation primarily through investments in senior, unitranche and junior secured debt and, to a lesser extent, unsecured subordinated debt and equity. We also seek to invest opportunistically in attractively priced, broadly syndicated loans, which should enhance our geographic and industry portfolio diversification and increase our portfolio’s liquidity. We do not target any specific industry, however, as of December 31, 2023, our investments in the FIRE: Real Estate, Healthcare & Pharmaceuticals and Services: Business industries represented approximately 17.4%, 14.2% and 11.6%, respectively, of the fair value of our portfolio. To achieve our investment objective, we utilize the following investment strategy: Attractive Current Yield on Investment Portfolio. We believe our sourcing network allows us to enter into transactions with attractive yields and investment structures. Based on current market conditions and our pipeline of new investments, we expect our target directly originated senior and unitranche secured debt will have an average maturity of three to seven years and interest rates of 9% to 16%, and we expect our target directly originated junior secured debt and unsecured subordinated debt will have an average maturity of four to seven years and interest rates of 11% to 18%. In addition, based on current market conditions and our pipeline of new investments, we expect that our target debt investments will typically have a variable coupon (with a SOFR floor), may include payment-in-kind (“PIK”) interest (interest that is not received in cash, but added to the principal balance of the loan), and that we will typically receive upfront closing fees of 1% to 4%. We may also receive warrants or other forms of upside equity participation. Our transactions are generally secured and supported by a lien on all assets and/or a pledge of company stock in order to provide priority of return and to influence any corporate actions. Although we will target investments with the characteristics described in this paragraph, we cannot provide assurance that our new investments will have these characteristics and we may enter into investments with different characteristics as the market dictates. For a description of the characteristics of our current investment portfolio, see “Management’s Discussion and Analysis of Financial Condition and Results of Operations — Portfolio and Investment Activity.” Until investment opportunities can be found, we may invest our undeployed capital in cash, cash equivalents, U.S. government securities and high-quality debt investments that mature in one year or less from the date of investment. These temporary investments may have lower yields than our other investments and, accordingly, may result in lower distributions, if any, during such period. Sound Portfolio Construction. We strive to exercise discipline in portfolio creation and management and to implement effective governance throughout our business. Monroe Capital and MC Advisors, which is comprised of substantially the same investment professionals who operate Monroe Capital, have been, and we believe will continue to be, conservative in the underwriting and structuring of covenant packages in order to enable early intervention in the event of weak financial performance by a portfolio company. We seek to pursue lending opportunities selectively and to maintain a diversified portfolio. We believe that exercising disciplined portfolio management through continued intensive account monitoring and timely and relevant management reporting allows us to mitigate risks in our debt investments. In addition, we have implemented rigorous governance processes through segregation of duties, documented policies and procedures and independent oversight and review of transactions, which we believe helps us to maintain a low level of non-performing loans. We believe that Monroe Capital’s proven process of thorough origination, conservative underwriting, due diligence and structuring, combined with careful account management and diversification, enabled it to protect investor capital, and we believe MC Advisors follows the same philosophy and processes in originating, structuring and managing our portfolio investments. Predictability of Returns. Beyond conservative structuring and protection of capital, we seek a predictable exit from our investments. We seek to invest in situations where there are a number of potential exit options that can result in full repayment or a modest refinance of our investment. We seek to structure the majority of our transactions as secured loans with a covenant package that provides for full or partial repayment upon the completion of asset sales and restructurings. Because we seek to structure these transactions to provide for contractually determined, periodic payments of principal and interest, we are less likely to depend on merger and acquisition activity or public equity markets to exit our debt investments. As a result, we believe that we can achieve our target returns even in a period when public markets are depressed. | |||||||||||||||||
Risk Factors [Table Text Block] | RISK FACTORS Investing in our securities involves a number of significant risks. The risks set out below are not the only risks we face. Additional risks and uncertainties not presently known to us or not presently deemed material by us may also impair our operations and performance. If any of the following events occurs, our business, financial condition and results of operations could be materially and adversely affected. In such case, our net asset value and the trading price of our securities could decline, and you may lose all or part of your investment. In addition, there will be occasions when MC Advisors and its affiliates may encounter potential conflicts of interest in connection with the Company. Risks Relating to Our Business and Structure We depend upon MC Advisors’ senior management for our success, and upon its access to the investment professionals of Monroe Capital and its affiliates. We do not have any internal management capacity or employees. We depend on the investment expertise, skill and network of business contacts of the senior investment professionals of MC Advisors, who evaluate, negotiate, structure, execute, monitor and service our investments in accordance with the terms of the Investment Advisory and Management Agreement. Our success depends to a significant extent on the continued service and coordination of the senior investment professionals of MC Advisors, particularly Messrs. Koenig, Solimene Jr., Egan and VanDerMeid, who comprise the MC Advisors investment committee. These individuals may have other demands on their time now and in the future, and we cannot assure you that they will continue to be actively involved in our management. Each of these individuals is an employee of MC Management and is not subject to an employment contract. The departure of any of these individuals or competing demands on their time in the future could have a material adverse effect on our ability to achieve our investment objective. MC Advisors evaluates, negotiates, structures, closes and monitors our investments in accordance with the terms of the Investment Advisory and Management Agreement. We can offer no assurance, however, that MC Advisors’ senior investment professionals will continue to provide investment advice to us. If these individuals do not maintain their existing relationships with Monroe Capital and its affiliates and do not develop new relationships with other sources of investment opportunities, we may not be able to grow our investment portfolio or achieve our investment objective. In addition, individuals with whom Monroe Capital’s senior investment professionals have relationships are not obligated to provide us with investment opportunities. Therefore, we can offer no assurance that such relationships will generate investment opportunities for us. MC Advisors, an affiliate of Monroe Capital, provides us with access to Monroe Capital’s investment professionals. MC Advisors also depends upon Monroe Capital to obtain access to deal flow generated by the investment professionals of Monroe Capital and its affiliates. The Staffing Agreement provides that MC Management will make available to MC Advisors experienced investment professionals and access to the senior investment personnel of Monroe Capital for purposes of evaluating, negotiating, structuring, closing and monitoring our investments. We are not a party to this Staffing Agreement and cannot assure you that MC Management will continue to fulfill its obligations under the agreement. Furthermore, the Staffing Agreement may be terminated by either party without penalty upon 60 days’ written notice to the other party. If MC Management fails to perform or terminates the agreement, we cannot assure you that MC Advisors will enforce the Staffing Agreement or that such agreement will not be terminated by either party or that we will continue to have access to the investment professionals of Monroe Capital and its affiliates or their information and deal flow. The investment committee that oversees our investment activities is provided by MC Advisors under the Investment Advisory and Management Agreement. The loss of any member of MC Advisors’ investment committee or of other Monroe Capital senior investment professionals would limit our ability to achieve our investment objective and operate as we anticipate. This could have a material adverse effect on our financial condition and results of operations. Our business model depends to a significant extent upon strong referral relationships with financial institutions, sponsors and investment professionals. Any inability of MC Advisors to maintain or develop these relationships, or the failure of these relationships to generate investment opportunities, could adversely affect our business. We depend upon the senior investment professionals of MC Advisors to maintain their relationships with financial institutions, sponsors and investment professionals, and we rely to a significant extent upon these relationships to provide us with potential investment opportunities. If the senior investment professionals of MC Advisors fail to maintain such relationships, or to develop new relationships with other sources of investment opportunities, we will not be able to grow our investment portfolio. In addition, individuals with whom the senior investment professionals of MC Advisors have relationships are not obligated to provide us with investment opportunities, and, therefore, we can offer no assurance that these relationships will generate investment opportunities for us in the future. Our financial condition and results of operations depend on our ability to manage our business effectively. Our ability to achieve our investment objective and grow depends on our ability to manage our business. This depends, in turn, on MC Advisors’ ability to identify, invest in and monitor companies that meet our investment criteria. The achievement of our investment objectives depends upon MC Advisors’ execution of our investment process, its ability to provide competent, attentive and efficient services to us and, to a lesser extent, our access to financing on acceptable terms. MC Advisors has substantial responsibilities under the Investment Advisory and Management Agreement. The senior origination professionals and other personnel of MC Advisors and its affiliates may be called upon to provide managerial assistance to our portfolio companies. These activities may distract them or slow our rate of investment. Any failure to manage our business and our future growth effectively could have a material adverse effect on our business, financial condition, results of operations and prospects. Our results of operations depend on many factors, including the availability of opportunities for investment, readily accessible short and long-term funding alternatives in the financial markets and economic conditions. Furthermore, if we cannot successfully operate our business or implement our investment policies and strategies, it could negatively impact our ability to pay dividends or other distributions and you may lose all or part of your investment. There may be conflicts related to obligations that MC Advisors’ senior investment professionals and members of its investment committee have to other clients. The senior investment professionals and members of the investment committee of MC Advisors serve or may serve as officers, directors or principals of entities that operate in the same or a related line of business as we do, or of investment funds, accounts or other investment vehicles sponsored or managed by MC Advisors or its affiliates. In serving in these multiple capacities, they may have obligations to other clients or investors in those entities, the fulfillment of which may not be in our best interests or in the best interest of our stockholders. For example, Messrs. Koenig, Solimene Jr., Egan and VanDerMeid, who comprise MC Advisors' investment committee, have and will continue to have management responsibilities for other investment funds, accounts or other investment vehicles sponsored or managed by affiliates of MC Advisors. In serving in these multiple capacities, they may have obligations to other clients or investors in those entities, the fulfillment of which may not be in the best interests of us or our stockholders. MC Advisors seeks to allocate investment opportunities among eligible accounts in a manner that is fair and equitable over time and consistent with its allocation policy. As of December 31, 2023, MC Advisors manages other assets in a private BDC, and affiliates of MC Advisors manage other assets in 13 closed-end funds, two small business investment companies and 25 private funds that also have an investment strategy focused primarily on senior, unitranche and junior secured debt and, to a lesser extent, unsecured subordinated debt to lower middle-market companies and one BDC which focus on similar investment types, but which may be backed by venture capital and private equity investors. Except for the private BDC, none of these funds are registered with the SEC. In addition, MC Advisors and/or its affiliates may manage other entities in the future with an investment strategy that has the same or similar focus as ours. Monroe Capital and its affiliates seek to allocate investment opportunities among the participating funds, including us, in proportion to the relative amounts of capital available for new investments, taking into account such factors as Monroe Capital may determine appropriate, including, without limitation, investment objectives, legal or regulatory restrictions, current holdings, availability of capital for investment, immediately available cash, the size of investments generally, risk-return considerations, relative exposure to market trends, maintenance of targeted leverage level, targeted asset mix, target investment return, diversification requirements, strategic objectives, specific liquidity requirements, tax consequences, limitations and restrictions on a fund’s portfolio that are imposed by such fund’s governing board or documents, or other considerations or factors that Monroe Capital deems necessary or appropriate in light of the circumstances at such time (collectively, the “Allocation Criteria”). We expect that Monroe Capital will follow the Allocation Criteria with respect to all of its funds under management, including us. In situations where co-investment with other entities sponsored or managed by MC Advisors or its affiliates is not permitted or appropriate, such as when there is an opportunity to invest in securities of the same issuer that have different priorities or liens, MC Advisors will need to decide whether we or such other entity or entities will proceed with the investment. MC Advisors will make these determinations based on its policies and procedures that require that such opportunities be offered to eligible accounts on a basis that is fair and equitable over time. However, there can be no assurance that we will be able to participate in all investment opportunities that are suitable to us. MC Advisors or its investment committee may, from time to time, possess material nonpublic information, limiting our investment discretion. The managing members and the senior origination professionals of MC Advisors and the senior professionals and members of MC Advisors’ investment committee may serve as directors of, or in a similar capacity with, companies in which we invest, the securities of which are purchased or sold on our behalf. In the event that material nonpublic information is obtained with respect to such companies, or we become subject to trading restrictions under the internal trading policies of those companies or as a result of applicable law or regulations, we could be prohibited for a period of time from purchasing or selling the securities of such companies, and this prohibition may have a material adverse effect on us. Our management and incentive fee structure may create incentives for MC Advisors that are not fully aligned with the interests of our stockholders. In the course of our investing activities, we pay management and incentive fees to MC Advisors. Management fees are based on our total assets (which include assets financed using leverage but exclude cash and cash equivalents). As a result, investors in our common stock invest on a “gross” basis and receive distributions on a “net” basis after expenses, resulting in a lower rate of return than one might achieve through direct investments. Because these fees are based on our total assets, including financed using leverage but excluding cash and cash equivalents, MC Advisors benefits when we incur debt or otherwise use leverage. This fee structure may encourage MC Advisors to cause us to borrow money to finance additional investments or to maintain leverage when it would otherwise be appropriate to pay off our indebtedness. Under certain circumstances, the use of borrowed money may increase the likelihood of default, which would disfavor our stockholders. Our Board is charged with protecting our interests by monitoring how MC Advisors addresses these and other conflicts of interest associated with its management services and compensation. While our Board is not expected to review or approve each investment, our independent directors periodically review MC Advisors’ services and fees as well as its portfolio management decisions and portfolio performance. In connection with these reviews, our independent directors consider whether our fees and expenses (including those related to leverage) remain appropriate. As a result of this arrangement, MC Advisors or its affiliates may from time to time have interests that differ from those of our stockholders, giving rise to a conflict. The part of the incentive fee payable to MC Advisors that relates to our net investment income is computed and paid on income that may include interest income that has been accrued but not yet received in cash. This fee structure may be considered to involve a conflict of interest for MC Advisors to the extent that it may encourage MC Advisors to favor debt financings that provide for deferred interest, rather than current cash payments of interest. MC Advisors may have an incentive to invest in PIK interest securities in circumstances where it would not have done so but for the opportunity to continue to earn the incentive fee even when the issuers of the deferred interest securities would not be able to make actual cash payments to us on such securities. This risk could be increased because MC Advisors is not obligated to reimburse us for any incentive fees received even if we subsequently incur losses or never receive in cash the deferred income that was previously accrued. In addition, the part of the incentive fee payable to MC Advisors that relates to our net investment income generally does not include any realized capital gains or losses or unrealized capital gains or losses. However, part one incentive fees are subject to Incentive Fee Limitation as described in Note 6 to the accompanying consolidated financial statements. Any net investment income incentive fee would not be subject to repayment. Our incentive fee may induce MC Advisors to make certain investments, including speculative investments. MC Advisors receives an incentive fee based, in part, upon net capital gains realized on our investments. Unlike that portion of the incentive fee based on income, there is no hurdle rate applicable to the portion of the incentive fee based on net capital gains. As a result, MC Advisors may have a tendency to invest more capital in investments that are likely to result in capital gains as compared to income producing securities. Such a practice could result in our investing in more speculative securities than would otherwise be the case, which could result in higher investment losses, particularly during economic downturns. The Investment Advisory and Management Agreement with MC Advisors and the Administration Agreement with MC Management were not negotiated on an arm’s length basis and may not be as favorable to us as if they had been negotiated with an unaffiliated third-party. We negotiated the Investment Advisory and Management Agreement and the Administration Agreement with related parties. Consequently, their terms, including fees payable to MC Advisors, may not be as favorable to us as if they had been negotiated with an unaffiliated third-party. In addition, we may choose not to enforce, or to enforce less vigorously, our rights and remedies under these agreements because of our desire to maintain our ongoing relationship with MC Advisors and MC Management. Any such decision, however, would breach our fiduciary obligations to our stockholders. Our ability to enter into transactions with our affiliates is restricted, which may limit the scope of investments available to us. We are prohibited under the 1940 Act from participating in certain transactions with our affiliates without the prior approval of our independent directors and, in some cases, of the SEC. Any person that owns, directly or indirectly, five percent or more of our outstanding voting securities is our affiliate for purposes of the 1940 Act, and we are generally prohibited from buying or selling any security from or to such affiliate, absent the prior approval of our independent directors. The 1940 Act also prohibits certain “joint” transactions with certain of our affiliates, which could include investments in the same portfolio company, without prior approval of our independent directors and, in some cases, of the SEC. We are prohibited from buying or selling any security from or to any person who owns more than 25% of our voting securities or certain of that person’s affiliates, or entering into prohibited joint transactions with such persons, absent the prior approval of the SEC. As a result of these restrictions, we may be prohibited from buying or selling any security (other than any security of which we are the issuer) from or to any portfolio company of a private equity fund managed by MC Advisors or its affiliates without the prior approval of the SEC, which may limit the scope of investment opportunities that would otherwise be available to us. We may, however, co-invest with MC Advisors and its affiliates’ other clients in certain circumstances where doing so is consistent with applicable law and SEC staff interpretations. For example, we may co-invest with such accounts consistent with guidance promulgated by the SEC staff permitting us and such other accounts to purchase interests in a single class of privately placed securities so long as certain conditions are met, including that MC Advisors, acting on our behalf and on behalf of other clients, negotiates no term other than price. We may also co-invest with MC Advisors’ affiliates’ other clients as otherwise permissible under regulatory guidance, applicable regulations, the Order and MC Advisors’ allocation policy, which the investment committee of MC Advisors maintains in writing. The allocation policy further provides that allocations among us and these other funds are generally made in proportion to the relative amounts of capital available for new investments taking into account the Allocation Criteria. We expect that Monroe Capital will follow the Allocation Criteria with respect to all of its funds under management, including us. However, we can offer no assurance that investment opportunities will be allocated to us fairly or equitably in the short-term or over time. In situations where co-investment with other entities sponsored or managed by MC Advisors or its affiliates is not permitted or appropriate, such as when there is an opportunity to invest in securities of the same issuer that have different priorities or liens, MC Advisors will need to decide whether we or such other entity or entities will proceed with the investment. MC Advisors will make these determinations based on its policies and procedures that require that such opportunities be offered to eligible accounts on a basis that is fair and equitable over time. Moreover, except in certain circumstances, we are unable to invest in any issuer in which a fund managed by MC Advisors or its affiliates has previously invested. Similar restrictions limit our ability to transact business with our officers or directors or their affiliates. We may also be prohibited under the 1940 Act from knowingly participating in certain transactions with our affiliates without the prior approval of the majority of the members of our Board who are not interested persons and, in some cases, prior approval by the SEC. The SEC has interpreted the BDC regulations governing transactions with affiliates to prohibit certain “joint transactions” between entities that share a common investment adviser. We operate in a highly competitive market for investment opportunities, which could reduce returns and result in losses. We compete with a number of specialty and commercial finance companies to make the types of investments that we make in middle-market companies, including BDCs, traditional commercial banks, private investment funds, regional banking institutions, small business investment companies, investment banks and insurance companies. Additionally, with increased competition for investment opportunities, alternative investment vehicles such as hedge funds may seek to invest in areas they have not traditionally invested in or from which they had withdrawn during the economic downturn, including investing in middle-market companies. As a result, competition for investments in lower middle-market companies has intensified, and we expect that trend to continue. Many of our existing and potential competitors are substantially larger and have considerably greater financial, technical and marketing resources than we do. For example, some competitors may have a lower cost of funds and access to funding sources that are not available to us. In addition, some of our competitors may have higher risk tolerances or different risk assessments, which could allow them to consider a wider variety of investments and establish more relationships than us. These characteristics could allow our competitors to consider a wider variety of investments, establish more relationships and offer better pricing and more flexible structuring than we offer. We may lose investment opportunities if we do not match our competitors’ pricing, terms and structure. If we are forced to match our competitors’ pricing, terms and structure, however, we may not be able to achieve acceptable returns on our investments or may bear substantial risk of capital loss. A significant part of our competitive advantage stems from the fact that the lower middle-market is underserved by traditional commercial and investment banks, and generally has less access to capital. A significant increase in the number and/or the size of our competitors in this target market could force us to accept less attractive investment terms. Furthermore, many of our competitors are not subject to the regulatory restrictions that the 1940 Act imposes on us as a BDC or the source of income, asset diversification and distribution requirements we must satisfy to maintain our RIC status. The competitive pressures we face may have a material adverse effect on our business, financial condition and results of operations. As a result of this competition, we may not be able to take advantage of attractive investment opportunities from time to time, and we may not be able to identify and make investments that are consistent with our investment objective. We will be subject to U.S. federal income tax at corporate rates if we are unable to qualify or maintain qualification as a RIC under Subchapter M of the Code. We have elected to be treated as a RIC under Subchapter M of the Code commencing with our taxable year ended December 31, 2012, have qualified in each taxable year since, and intend to continue to qualify to be treated as a RIC; however, no assurance can be given that we will be able to continue to qualify for and maintain RIC status. To receive RIC tax treatment under the Code and to be relieved of U.S. federal taxes on income and gains timely distributed to our stockholders, we must meet certain requirements, including source-of-income, asset diversification and distribution requirements. The annual distribution requirement applicable to RICs is satisfied if we distribute at least 90% of our net ordinary income and net short-term capital gains in excess of net long-term capital losses, if any, to our stockholders on an annual basis. In addition, we will be subject to a 4% nondeductible federal excise tax to the extent that we do not satisfy certain additional minimum distribution requirements on a calendar year basis. To the extent we use debt financing, we will be subject to certain asset coverage ratio requirements under the 1940 Act and may be subject to financial covenants under loan and credit agreements, each of which could, under certain circumstances, restrict us from making annual distributions necessary to receive RIC tax treatment. If we are unable to obtain cash from other sources, we may fail to be taxed as a RIC and, thus, may be subject to U.S. federal income tax at corporate rates on our entire taxable income without regard to any distributions made by us. In order to be taxed as a RIC, we must also meet certain asset diversification requirements at the end of each calendar quarter. Failure to meet these tests may result in our having to dispose of certain investments quickly in order to prevent the loss of RIC status. Because most of our investments are in private or thinly traded public companies, any such dispositions could be made at disadvantageous prices and may result in substantial losses. If we fail to be taxed as a RIC for any reason and become subject to corporate U.S. federal income tax, the resulting U.S. federal income taxes could substantially reduce our net assets, the amount of income available for distributions to stockholders and the amount of our distributions and the amount of funds available for new investments. Such a failure would have a material adverse effect on us and our stockholders. An extended disruption in the capital markets and the credit markets could negatively affect us and our portfolio companies. As a BDC, it is necessary for us to maintain our ability to raise additional capital for investment purposes. Without sufficient access to the capital markets or credit markets, we may be forced to curtail our business operations or we may not be able to pursue new business opportunities. The capital markets and the credit markets have experienced periods of extreme volatility and disruption and, accordingly, there has been and may in the future be uncertainty in the financial markets in general. Ongoing disruptive conditions in the financial industry, including the bankruptcy of, the acquisition of, or government intervention in the affairs of financial institutions, and the impact of new legislation in response to those conditions could restrict our business operations or the business operations of our portfolio companies and could adversely impact our results of operations and financial condition or results of operations and financial condition of our portfolio companies. We access the capital markets periodically to issue debt or equity securities or borrow from financial institutions in order to obtain such additional capital. Unfavorable economic conditions could increase our funding costs, limit our access to the capital markets or result in a decision by lenders not to extend credit to us. A reduction in the availability of new capital could limit our ability to pursue new business opportunities and grow our business. In addition, we are required to distribute at least 90% of our net ordinary income and net short-term capital gains in excess of net long-term capital losses, if any, to our stockholders to qualify for the tax benefits available to RICs. As a result, these earnings will not be available to fund new investments. An inability to access the capital markets successfully could limit our ability to grow our business and execute our business strategy fully and could decrease our earnings, if any, which may have an adverse effect on the value of our securities. While most of our investments are not publicly traded, applicable accounting standards require us to assume as part of our valuation process that our investments are sold in a principal market to market participants (even if we plan on holding an investment through its maturity). As a result, volatility in the capital markets can adversely affect our investment valuations. Further, the illiquidity of our investments may make it difficult for us to sell such investments if required and to value such investments. As a result, we may realize significantly less than the value at which we will have recorded our investments. We may need to raise additional capital to grow because we must distribute most of our income. We may need additional capital to fund new investments and grow our portfolio of investments. We intend to access the capital markets periodically to issue debt or equity securities or borrow from financial institutions in order to obtain such additional capital. Unfavorable economic conditions could increase our funding costs, limit our access to the capital markets or result in a decision by lenders not to extend credit to us. A reduction in the availability of new capital could limit our ability to grow. In addition, in order to qualify as a RIC, we are required to distribute each taxable year an amount at least equal to 90% of our net ordinary income and net short-term capital gains in excess of net long-term capital losses, if any, to our stockholders. As a result, these earnings are not available to fund new investments. An inability to access the capital markets successfully could limit our ability to grow our business and execute our business strategy fully and could decrease our earnings, if any, which may have an adverse effect on the value of our securities. We may have difficulty paying our required distributions if we recognize income before, or without, receiving cash representing such income. For U.S. federal income tax purposes, we include in income certain amounts that we have not yet received in cash, such as original issue discount, or through contracted PIK interest, which represents contractual interest added to the loan balance and due at the end of the loan term. Original issue discount, which could be significant relative to our overall investment activities, or increases in loan balances as a result of contracted PIK arrangements, are included in income before we receive the corresponding cash payments. We also may be required to include in income certain other amounts that we do not receive in cash. That part of the incentive fee payable by us that relates to our net investment income is computed and paid on income that may include interest that has been accrued but not yet received in cash, such as original issue discount and PIK interest. If we pay a net investment income incentive fee on interest that has been accrued, but not yet received in cash, it will increase the basis of our investment in that loan, which will reduce the capital gain incentive fee that we would otherwise pay in the future. Nevertheless, if we pay a net investment income incentive fee on interest that has been accrued but not yet received, and if that portfolio company defaults on such a loan, it is possible that accrued interest previously included in the calculation of the incentive fee will become uncollectible. Because we may recognize income before or without receiving cash representing such income, we may have difficulty meeting the requirements applicable to RICs. In such a case, we may have to sell some of our investments at times and/or at prices we would not consider advantageous, raise additional debt or equity capital or reduce new investment originations and sourcings to meet these distribution requirements. If we are not able to obtain such cash from other sources, we may fail to qualify for the tax benefits available to RICs and thus be subject to U.S. federal income tax at corporate rates. The 1940 Act allows us to incur additional leverage, which could increase the risk of investing in us. The 1940 Act generally prohibits us from incurring indebtedness unless immedia | |||||||||||||||||
Effects of Leverage [Text Block] | We maintain a revolving credit facility, have issued debt securities and may borrow money, including through the issuance of additional debt securities or preferred stock, to leverage our capital structure, which is generally considered a speculative investment technique. As a result: • our common stock is exposed to an increased risk of loss because a decrease in the value of our investments would have a greater negative impact on the value of our common stock than if we did not use leverage; • if we do not appropriately match the assets and liabilities of our business, adverse changes in interest rates could reduce or eliminate the incremental income we make with the proceeds of any leverage; • our ability to pay distributions on our common stock may be restricted if our asset coverage ratio, as provided in the 1940 Act, is not at least 150% and any amounts used to service indebtedness or preferred stock would not be available for such distributions; • any credit facility is subject to periodic renewal by its lenders, whose continued participation cannot be guaranteed; • our revolving credit facility with ING Capital LLC, as agent, is, and any other credit facility we may enter into would be, subject to various financial and operating covenants, including that our portfolio of investments satisfies certain eligibility and concentration limits as well as valuation methodologies; • such securities would be governed by an indenture or other instrument containing covenants restricting our operating flexibility; • we bear the cost of issuing and paying interest or distributions on such securities, which costs are entirely borne by our common stockholders; and • any convertible or exchangeable securities that we issue may have rights, preferences and privileges more favorable than those of our common stock. The following table illustrates the effect of leverage on returns from an investment in our common stock assuming various annual returns, net of expenses. The calculations in the table below are hypothetical and actual returns may be higher or lower than those appearing in the table below. Assumed Return on Our Portfolio (Net of Expenses) (1) ‑10% ‑5% 0% 5% 10% Corresponding return to common stockholder (2)(3) (35.33 %) (22.73 %) (10.13 %) 2.46% 15.06% ______________________________________________________________ (1) The assumed return on our portfolio is required by regulation of the SEC to assist investors in understanding the effects of leverage and is not a prediction of, and does not represent, our projected or actual performance. (2) Assumes $513.2 million in total assets, $309.5 million in debt outstanding, of which $304.1 million is senior securities outstanding, $203.7 million in net assets and an average cost of funds of 6.67%, which was the weighted average interest rate of borrowing on our revolving credit facility and 2026 Notes as of December 31, 2023. The interest rate on our revolving credit facility is a variable rate. Actual interest payments may be different. (3) In order for us to cover our annual interest payments on indebtedness, we must achieve annual returns on our December 31, 2023 total portfolio assets of at least 4.02%. | |||||||||||||||||
Annual Coverage Return Rate [Percent] | 4.02% | |||||||||||||||||
Effects of Leverage [Table Text Block] | Assumed Return on Our Portfolio (Net of Expenses) (1) ‑10% ‑5% 0% 5% 10% Corresponding return to common stockholder (2)(3) (35.33 %) (22.73 %) (10.13 %) 2.46% 15.06% ______________________________________________________________ (1) The assumed return on our portfolio is required by regulation of the SEC to assist investors in understanding the effects of leverage and is not a prediction of, and does not represent, our projected or actual performance. (2) Assumes $513.2 million in total assets, $309.5 million in debt outstanding, of which $304.1 million is senior securities outstanding, $203.7 million in net assets and an average cost of funds of 6.67%, which was the weighted average interest rate of borrowing on our revolving credit facility and 2026 Notes as of December 31, 2023. The interest rate on our revolving credit facility is a variable rate. Actual interest payments may be different. (3) In order for us to cover our annual interest payments on indebtedness, we must achieve annual returns on our December 31, 2023 total portfolio assets of at least 4.02%. | |||||||||||||||||
Return at Minus Ten [Percent] | (35.33%) | |||||||||||||||||
Return at Minus Five [Percent] | (22.73%) | |||||||||||||||||
Return at Zero [Percent] | (10.13%) | |||||||||||||||||
Return at Plus Five [Percent] | 2.46% | |||||||||||||||||
Return at Plus Ten [Percent] | 15.06% | |||||||||||||||||
Effects of Leverage, Purpose [Text Block] | The following table illustrates the effect of leverage on returns from an investment in our common stock assuming various annual returns, net of expenses. The calculations in the table below are hypothetical and actual returns may be higher or lower than those appearing in the table below. | |||||||||||||||||
Share Price [Table Text Block] | Closing Sales Price Premium (Discount) of High Sales Price to NAV (2) Premium (Discount) of Low Sales Price to NAV (2) Declared Distributions (3)(4) NAV (1) High Low Year ending December 31, 2023 Fourth Quarter $ 9.40 $ 7.38 $ 6.78 (21.5) % (27.9) % $ 0.25 Third Quarter $ 9.58 $ 8.80 $ 7.14 (8.1) % (25.5) % $ 0.25 Second Quarter $ 9.84 $ 8.26 $ 6.86 (16.1) % (30.3) % $ 0.25 First Quarter $ 10.29 $ 8.80 $ 7.10 (14.5) % (31.0) % $ 0.25 Year ending December 31, 2022 Fourth Quarter $ 10.39 $ 9.28 $ 7.29 (10.7) % (29.8) % $ 0.25 Third Quarter $ 10.43 $ 9.33 $ 7.24 (10.5) % (30.6) % $ 0.25 Second Quarter $ 10.71 $ 10.93 $ 8.69 2.1 % (18.9) % $ 0.25 First Quarter $ 11.30 $ 11.31 $ 10.42 0.1 % (7.8) % $ 0.25 ______________________________________________________________ (1) NAV per share is determined as of the last day in the relevant quarter and therefore may not reflect the NAV per share on the date of the high and low sales prices. The NAVs shown are based on outstanding shares at the end of each period. (2) Calculated by taking the respective high or low closing sales price divided by the quarter end NAV and subtracting 1. (3) Represents the distribution declared in the specified quarter. We have adopted an “opt out” dividend reinvestment plan for our common stockholders. As a result, if we declare a distribution, stockholders’ cash distributions will be automatically reinvested in additional shares of our common stock, unless they specifically “opt out” of the dividend reinvestment plan so as to receive cash distributions. See “Dividend Reinvestment Plan.” (4) Our management monitors available taxable earnings, including net investment income and realized capital gains, to determine if a tax return of capital may occur for the year. To the extent that our taxable earnings fall below the total amount of our distributions for that fiscal year, a portion of those distributions may be deemed a tax return of capital to our stockholders. The tax character of distributions will be determined at the end of the fiscal year. There was no return of capital for tax purposes for both the years ended December 31, 2023 and 2022. | |||||||||||||||||
Lowest Price or Bid | $ 6.78 | $ 7.14 | $ 6.86 | $ 7.10 | $ 7.29 | $ 7.24 | $ 8.69 | $ 10.42 | ||||||||||
Highest Price or Bid | $ 7.38 | $ 8.80 | $ 8.26 | $ 8.80 | $ 9.28 | $ 9.33 | $ 10.93 | $ 11.31 | ||||||||||
Highest Price or Bid, Premium (Discount) to NAV [Percent] | (21.50%) | (8.10%) | (16.10%) | (14.50%) | (10.70%) | (10.50%) | 2.10% | 0.10% | ||||||||||
Lowest Price or Bid, Premium (Discount) to NAV [Percent] | (27.90%) | (25.50%) | (30.30%) | (31.00%) | (29.80%) | (30.60%) | (18.90%) | (7.80%) | ||||||||||
NAV Per Share | $ 9.40 | $ 9.58 | $ 9.84 | $ 10.29 | $ 10.39 | $ 10.43 | $ 10.71 | $ 11.30 | $ 9.40 | $ 11 | $ 12.20 | $ 12.66 | $ 11.51 | $ 13.77 | $ 14.52 | $ 14.19 | $ 14.05 | $ 13.92 |
Capital Stock, Long-Term Debt, and Other Securities [Abstract] | ||||||||||||||||||
Capital Stock [Table Text Block] | Capital Resources As a BDC, we distribute substantially all of our net income to our stockholders and have an ongoing need to raise additional capital for investment purposes. We intend to generate additional cash primarily from future offerings of securities, future borrowings and cash flows from operations, including income earned from investments in our portfolio companies. On both a short-term and long-term basis, our primary use of funds will be to invest in portfolio companies and make cash distributions to our stockholders. We may also use available funds to repay outstanding borrowings. As a BDC, we are generally not permitted to issue and sell our common stock at a price below net asset value (“NAV”) per share. We may, however, sell our common stock, or warrants, options or rights to acquire our common stock, at a price below the then-current NAV per share of our common stock if our board of directors (“Board”), including our independent directors, determines that such sale is in the best interests of us and our stockholders, and if our stockholders have approved such sales. On June 15, 2023, our stockholders once again voted to allow us to sell or otherwise issue common stock at a price below net asset value per share for a period of one year, subject to certain limitations. As of both December 31, 2023 and 2022, we had 21,666,340 shares outstanding. On June 24, 2015, our stockholders approved a proposal to authorize us to issue warrants, options or rights to subscribe to, convert to, or purchase our common stock in one or more offerings. This is a standing authorization and does not require annual re-approval by our stockholders. Stock Issuances: On May 12, 2017, we entered into ATM equity distribution agreements with each of JMP Securities LLC (“JMP”) and FBR Capital Markets & Co. (“FBR”) (the “ATM Program”) through which we can sell, by means of ATM offerings, from time to time, up to $50.0 million of our common stock. On May 8, 2020, we entered into an amendment to the ATM Program to extend its term. All other material terms of the ATM Program remain unchanged. During the year ended December 31, 2021, we sold 362,800 shares at an average price of $11.53 per share for gross proceeds of $4.2 million under the ATM Program. Aggregate underwriter’s discounts and commissions were $63 thousand and offering costs were $27 thousand, resulting in net proceeds of approximately $4.1 million. There were no stock issuances through the ATM Program during the years ended December 31, 2023 and 2022, respectively. | |||||||||||||||||
Long Term Debt [Table Text Block] | Borrowings Revolving Credit Facility : We have a $255.0 million revolving credit facility with ING Capital LLC, as agent. The revolving credit facility has an accordion feature which permits us, under certain circumstances to increase the size of the facility up to $400.0 million. The revolving credit facility is secured by a lien on all of our assets, including cash on hand. We may make draws under the revolving credit facility to make or purchase additional investments through December 27, 2026 and for general working capital purposes until December 27, 2027, the maturity date of the revolving credit facility. On December 27, 2022, we amended the revolving credit facility which extended the maturity date from March 1, 2024 to December 27, 2027, increased the advance rate against certain types of assets in our portfolio, with corresponding adjustments to the concentration limits and replaced LIBOR benchmark provisions with term SOFR benchmark provisions. The other significant terms of the credit facility remained unchanged. We incurred expenses of $1.8 million in conjunction with the amendment which have been capitalized within unamortized deferred financing costs and are amortized into interest expense over the estimated average life of the borrowings. Our ability to borrow under the revolving credit facility is subject to availability under the borrowing base, which permits us to borrow up to 72.5% of the fair market value of our portfolio company investments depending on the type of investment we hold and whether the investment is quoted. Our ability to borrow is also subject to certain concentration limits, and continued compliance with the representations, warranties and covenants given by us under the facility. The revolving credit facility contains certain financial covenants, including, but not limited to, our maintenance of: (1) minimum consolidated total net assets at least equal to $150.0 million plus 65% of the net proceeds to us from sales of our equity securities after March 1, 2019; (2) a ratio of total assets (less total liabilities other than indebtedness) to total indebtedness of not less than 1.5 to 1; and (3) a senior debt coverage ratio of at least 2 to 1. The revolving credit facility also requires us to undertake customary indemnification obligations with respect to ING Capital LLC and other members of the lending group and to reimburse the lenders for expenses associated with entering into the credit facility. The revolving credit facility also has customary provisions regarding events of default, including events of default for nonpayment, change in control transactions at both Monroe Capital Corporation and MC Advisors, failure to comply with financial and negative covenants, and failure to maintain our relationship with MC Advisors. If we incur an event of default under the revolving credit facility and fail to remedy such default under any applicable grace period, if any, then the entire revolving credit facility could become immediately due and payable, which would materially and adversely affect our liquidity, financial condition, results of operations and cash flows. Our revolving credit facility also imposes certain conditions that may limit the amount of our distributions to stockholders. Distributions payable in our common stock under the dividend reinvestment plan (“DRIP”) are not limited by the revolving credit facility. Distributions in cash or property other than common stock are generally limited to 115% of the amount of distributions required to maintain our status as a RIC. As of December 31, 2023 and 2022, we had U.S. dollar borrowings of $174.1 million and $204.6 million, respectively, and no borrowings denominated in a foreign currency as of either date. Any borrowings denominated in a foreign currency may be positively or negatively affected by movements in the rate of exchange between the U.S. dollar and the respective foreign currency. These movements are beyond our control and cannot be predicted. Borrowings denominated in a foreign currency are translated into U.S. dollars based on the spot rate at each balance sheet date. The impact resulting from changes in foreign currency borrowings is included in net change in unrealized gain (loss) on foreign currency and other transactions on our consolidated statements of operations and totaled zero, $0.2 million, and $0.7 million for the years ended December 31, 2023, 2022 and 2021, respectively. The were no repayments of foreign currency borrowings for the year ended December 31, 2023. For the year ended December 31, 2022, we repaid borrowings denominated in Great Britain pounds of £3.4 million . As a result of this repayment, we recognized a realized gain (loss) on foreign currency and other transactions on our consolidated statements of operations ($11) thousand for the year ended December 31, 2022. For the year ended December 31, 2021, we repaid borrowings denominated in Great Britain pounds of £12.7. As a result of this repayment, we recognized a realized gain (loss) on foreign currency and other transactions on our consolidated statements of operations of ($0.9) million for the year ended December 31, 2021 . Borrowings under the revolving credit facility bear interest, at our election, at an annual rate of SOFR (one-month or three-month at our discretion based on the term of the borrowing) plus 2.625% or at a daily rate equal to 1.625% per annum plus the greater of 1.5%, the prime interest rate, the federal funds rate plus 0.5% or SOFR plus 1.0%, with a SOFR floor of 0.5%. In addition to the stated interest rate on borrowings under the revolving credit facility, we are required to pay a commitment fee and certain conditional fees based on usage of the expanded borrowing base and usage of the asset coverage ratio flexibility. A commitment fee of 0.5% per annum on any unused portion of the revolving credit facility if the utilized portion of the facility is greater than 35% of the then available maximum borrowing or a commitment fee of 1.0% per annum on any unused portion of the revolving credit facility if the utilized portion of the facility is less than or equal to 35% of the then available maximum borrowing. As of December 31, 2023 and 2022, the outstanding borrowings were accruing at a weighted average interest rate of 8.1% and 7.0%, respectively. 2023 Notes: On February 18, 2021, we redeemed $109.0 million in aggregate principal amount of the 2023 Notes. The redemption was accounted for as a debt extinguishment in accordance with ASC Subtopic 470-50, Debt – Modifications and Extinguishments (“ASC 470-50”), which resulted in a realized loss of $2.3 million (primarily comprised of the unamortized deferred financing costs at the time of the redemption) recorded in net gain (loss) on extinguishment of debt on our consolidated statements of operations. The 2023 Notes were delisted from the Nasdaq Global Select Market, in conjunction with the redemption. 2026 Notes: On January 25, 2021, we closed a private offering of $130.0 million in aggregate principal amount of senior unsecured notes (the “2026 Notes”) that mature on February 15, 2026. The 2026 Notes bear interest at an annual rate of 4.75% payable semi-annually on February 15 and August 15. We may redeem the 2026 Notes in whole or in part at any time or from time to time at our option at par plus a “make-whole” premium, if applicable. The 2026 Notes are general, unsecured obligations and rank equal in right of payment with all of our existing and future unsecured indebtedness. SBA Debentures: On March 1, 2022, MRCC SBIC fully repaid its outstanding debentures utilizing a borrowing on our revolving credit facility and the restricted cash and cash equivalents at MRCC SBIC. This repayment was accounted for as a debt extinguishment in accordance with ASC 470-50, which resulted in a realized loss of $1.0 million (primarily comprised of the unamortized deferred financing costs at the time of the repayment) recorded in net gain (loss) on extinguishment of debt on our consolidated statements of operations. MRCC SBIC received approval from the SBA to surrender its SBIC license and on March 31, 2022, MRCC SBIC was dissolved. | |||||||||||||||||
Business and Structure Risk [Member] | ||||||||||||||||||
General Description of Registrant [Abstract] | ||||||||||||||||||
Risk [Text Block] | Risks Relating to Our Business and Structure We depend upon MC Advisors’ senior management for our success, and upon its access to the investment professionals of Monroe Capital and its affiliates. We do not have any internal management capacity or employees. We depend on the investment expertise, skill and network of business contacts of the senior investment professionals of MC Advisors, who evaluate, negotiate, structure, execute, monitor and service our investments in accordance with the terms of the Investment Advisory and Management Agreement. Our success depends to a significant extent on the continued service and coordination of the senior investment professionals of MC Advisors, particularly Messrs. Koenig, Solimene Jr., Egan and VanDerMeid, who comprise the MC Advisors investment committee. These individuals may have other demands on their time now and in the future, and we cannot assure you that they will continue to be actively involved in our management. Each of these individuals is an employee of MC Management and is not subject to an employment contract. The departure of any of these individuals or competing demands on their time in the future could have a material adverse effect on our ability to achieve our investment objective. MC Advisors evaluates, negotiates, structures, closes and monitors our investments in accordance with the terms of the Investment Advisory and Management Agreement. We can offer no assurance, however, that MC Advisors’ senior investment professionals will continue to provide investment advice to us. If these individuals do not maintain their existing relationships with Monroe Capital and its affiliates and do not develop new relationships with other sources of investment opportunities, we may not be able to grow our investment portfolio or achieve our investment objective. In addition, individuals with whom Monroe Capital’s senior investment professionals have relationships are not obligated to provide us with investment opportunities. Therefore, we can offer no assurance that such relationships will generate investment opportunities for us. MC Advisors, an affiliate of Monroe Capital, provides us with access to Monroe Capital’s investment professionals. MC Advisors also depends upon Monroe Capital to obtain access to deal flow generated by the investment professionals of Monroe Capital and its affiliates. The Staffing Agreement provides that MC Management will make available to MC Advisors experienced investment professionals and access to the senior investment personnel of Monroe Capital for purposes of evaluating, negotiating, structuring, closing and monitoring our investments. We are not a party to this Staffing Agreement and cannot assure you that MC Management will continue to fulfill its obligations under the agreement. Furthermore, the Staffing Agreement may be terminated by either party without penalty upon 60 days’ written notice to the other party. If MC Management fails to perform or terminates the agreement, we cannot assure you that MC Advisors will enforce the Staffing Agreement or that such agreement will not be terminated by either party or that we will continue to have access to the investment professionals of Monroe Capital and its affiliates or their information and deal flow. The investment committee that oversees our investment activities is provided by MC Advisors under the Investment Advisory and Management Agreement. The loss of any member of MC Advisors’ investment committee or of other Monroe Capital senior investment professionals would limit our ability to achieve our investment objective and operate as we anticipate. This could have a material adverse effect on our financial condition and results of operations. Our business model depends to a significant extent upon strong referral relationships with financial institutions, sponsors and investment professionals. Any inability of MC Advisors to maintain or develop these relationships, or the failure of these relationships to generate investment opportunities, could adversely affect our business. We depend upon the senior investment professionals of MC Advisors to maintain their relationships with financial institutions, sponsors and investment professionals, and we rely to a significant extent upon these relationships to provide us with potential investment opportunities. If the senior investment professionals of MC Advisors fail to maintain such relationships, or to develop new relationships with other sources of investment opportunities, we will not be able to grow our investment portfolio. In addition, individuals with whom the senior investment professionals of MC Advisors have relationships are not obligated to provide us with investment opportunities, and, therefore, we can offer no assurance that these relationships will generate investment opportunities for us in the future. Our financial condition and results of operations depend on our ability to manage our business effectively. Our ability to achieve our investment objective and grow depends on our ability to manage our business. This depends, in turn, on MC Advisors’ ability to identify, invest in and monitor companies that meet our investment criteria. The achievement of our investment objectives depends upon MC Advisors’ execution of our investment process, its ability to provide competent, attentive and efficient services to us and, to a lesser extent, our access to financing on acceptable terms. MC Advisors has substantial responsibilities under the Investment Advisory and Management Agreement. The senior origination professionals and other personnel of MC Advisors and its affiliates may be called upon to provide managerial assistance to our portfolio companies. These activities may distract them or slow our rate of investment. Any failure to manage our business and our future growth effectively could have a material adverse effect on our business, financial condition, results of operations and prospects. Our results of operations depend on many factors, including the availability of opportunities for investment, readily accessible short and long-term funding alternatives in the financial markets and economic conditions. Furthermore, if we cannot successfully operate our business or implement our investment policies and strategies, it could negatively impact our ability to pay dividends or other distributions and you may lose all or part of your investment. There may be conflicts related to obligations that MC Advisors’ senior investment professionals and members of its investment committee have to other clients. The senior investment professionals and members of the investment committee of MC Advisors serve or may serve as officers, directors or principals of entities that operate in the same or a related line of business as we do, or of investment funds, accounts or other investment vehicles sponsored or managed by MC Advisors or its affiliates. In serving in these multiple capacities, they may have obligations to other clients or investors in those entities, the fulfillment of which may not be in our best interests or in the best interest of our stockholders. For example, Messrs. Koenig, Solimene Jr., Egan and VanDerMeid, who comprise MC Advisors' investment committee, have and will continue to have management responsibilities for other investment funds, accounts or other investment vehicles sponsored or managed by affiliates of MC Advisors. In serving in these multiple capacities, they may have obligations to other clients or investors in those entities, the fulfillment of which may not be in the best interests of us or our stockholders. MC Advisors seeks to allocate investment opportunities among eligible accounts in a manner that is fair and equitable over time and consistent with its allocation policy. As of December 31, 2023, MC Advisors manages other assets in a private BDC, and affiliates of MC Advisors manage other assets in 13 closed-end funds, two small business investment companies and 25 private funds that also have an investment strategy focused primarily on senior, unitranche and junior secured debt and, to a lesser extent, unsecured subordinated debt to lower middle-market companies and one BDC which focus on similar investment types, but which may be backed by venture capital and private equity investors. Except for the private BDC, none of these funds are registered with the SEC. In addition, MC Advisors and/or its affiliates may manage other entities in the future with an investment strategy that has the same or similar focus as ours. Monroe Capital and its affiliates seek to allocate investment opportunities among the participating funds, including us, in proportion to the relative amounts of capital available for new investments, taking into account such factors as Monroe Capital may determine appropriate, including, without limitation, investment objectives, legal or regulatory restrictions, current holdings, availability of capital for investment, immediately available cash, the size of investments generally, risk-return considerations, relative exposure to market trends, maintenance of targeted leverage level, targeted asset mix, target investment return, diversification requirements, strategic objectives, specific liquidity requirements, tax consequences, limitations and restrictions on a fund’s portfolio that are imposed by such fund’s governing board or documents, or other considerations or factors that Monroe Capital deems necessary or appropriate in light of the circumstances at such time (collectively, the “Allocation Criteria”). We expect that Monroe Capital will follow the Allocation Criteria with respect to all of its funds under management, including us. In situations where co-investment with other entities sponsored or managed by MC Advisors or its affiliates is not permitted or appropriate, such as when there is an opportunity to invest in securities of the same issuer that have different priorities or liens, MC Advisors will need to decide whether we or such other entity or entities will proceed with the investment. MC Advisors will make these determinations based on its policies and procedures that require that such opportunities be offered to eligible accounts on a basis that is fair and equitable over time. However, there can be no assurance that we will be able to participate in all investment opportunities that are suitable to us. MC Advisors or its investment committee may, from time to time, possess material nonpublic information, limiting our investment discretion. The managing members and the senior origination professionals of MC Advisors and the senior professionals and members of MC Advisors’ investment committee may serve as directors of, or in a similar capacity with, companies in which we invest, the securities of which are purchased or sold on our behalf. In the event that material nonpublic information is obtained with respect to such companies, or we become subject to trading restrictions under the internal trading policies of those companies or as a result of applicable law or regulations, we could be prohibited for a period of time from purchasing or selling the securities of such companies, and this prohibition may have a material adverse effect on us. Our management and incentive fee structure may create incentives for MC Advisors that are not fully aligned with the interests of our stockholders. In the course of our investing activities, we pay management and incentive fees to MC Advisors. Management fees are based on our total assets (which include assets financed using leverage but exclude cash and cash equivalents). As a result, investors in our common stock invest on a “gross” basis and receive distributions on a “net” basis after expenses, resulting in a lower rate of return than one might achieve through direct investments. Because these fees are based on our total assets, including financed using leverage but excluding cash and cash equivalents, MC Advisors benefits when we incur debt or otherwise use leverage. This fee structure may encourage MC Advisors to cause us to borrow money to finance additional investments or to maintain leverage when it would otherwise be appropriate to pay off our indebtedness. Under certain circumstances, the use of borrowed money may increase the likelihood of default, which would disfavor our stockholders. Our Board is charged with protecting our interests by monitoring how MC Advisors addresses these and other conflicts of interest associated with its management services and compensation. While our Board is not expected to review or approve each investment, our independent directors periodically review MC Advisors’ services and fees as well as its portfolio management decisions and portfolio performance. In connection with these reviews, our independent directors consider whether our fees and expenses (including those related to leverage) remain appropriate. As a result of this arrangement, MC Advisors or its affiliates may from time to time have interests that differ from those of our stockholders, giving rise to a conflict. The part of the incentive fee payable to MC Advisors that relates to our net investment income is computed and paid on income that may include interest income that has been accrued but not yet received in cash. This fee structure may be considered to involve a conflict of interest for MC Advisors to the extent that it may encourage MC Advisors to favor debt financings that provide for deferred interest, rather than current cash payments of interest. MC Advisors may have an incentive to invest in PIK interest securities in circumstances where it would not have done so but for the opportunity to continue to earn the incentive fee even when the issuers of the deferred interest securities would not be able to make actual cash payments to us on such securities. This risk could be increased because MC Advisors is not obligated to reimburse us for any incentive fees received even if we subsequently incur losses or never receive in cash the deferred income that was previously accrued. In addition, the part of the incentive fee payable to MC Advisors that relates to our net investment income generally does not include any realized capital gains or losses or unrealized capital gains or losses. However, part one incentive fees are subject to Incentive Fee Limitation as described in Note 6 to the accompanying consolidated financial statements. Any net investment income incentive fee would not be subject to repayment. Our incentive fee may induce MC Advisors to make certain investments, including speculative investments. MC Advisors receives an incentive fee based, in part, upon net capital gains realized on our investments. Unlike that portion of the incentive fee based on income, there is no hurdle rate applicable to the portion of the incentive fee based on net capital gains. As a result, MC Advisors may have a tendency to invest more capital in investments that are likely to result in capital gains as compared to income producing securities. Such a practice could result in our investing in more speculative securities than would otherwise be the case, which could result in higher investment losses, particularly during economic downturns. The Investment Advisory and Management Agreement with MC Advisors and the Administration Agreement with MC Management were not negotiated on an arm’s length basis and may not be as favorable to us as if they had been negotiated with an unaffiliated third-party. We negotiated the Investment Advisory and Management Agreement and the Administration Agreement with related parties. Consequently, their terms, including fees payable to MC Advisors, may not be as favorable to us as if they had been negotiated with an unaffiliated third-party. In addition, we may choose not to enforce, or to enforce less vigorously, our rights and remedies under these agreements because of our desire to maintain our ongoing relationship with MC Advisors and MC Management. Any such decision, however, would breach our fiduciary obligations to our stockholders. Our ability to enter into transactions with our affiliates is restricted, which may limit the scope of investments available to us. We are prohibited under the 1940 Act from participating in certain transactions with our affiliates without the prior approval of our independent directors and, in some cases, of the SEC. Any person that owns, directly or indirectly, five percent or more of our outstanding voting securities is our affiliate for purposes of the 1940 Act, and we are generally prohibited from buying or selling any security from or to such affiliate, absent the prior approval of our independent directors. The 1940 Act also prohibits certain “joint” transactions with certain of our affiliates, which could include investments in the same portfolio company, without prior approval of our independent directors and, in some cases, of the SEC. We are prohibited from buying or selling any security from or to any person who owns more than 25% of our voting securities or certain of that person’s affiliates, or entering into prohibited joint transactions with such persons, absent the prior approval of the SEC. As a result of these restrictions, we may be prohibited from buying or selling any security (other than any security of which we are the issuer) from or to any portfolio company of a private equity fund managed by MC Advisors or its affiliates without the prior approval of the SEC, which may limit the scope of investment opportunities that would otherwise be available to us. We may, however, co-invest with MC Advisors and its affiliates’ other clients in certain circumstances where doing so is consistent with applicable law and SEC staff interpretations. For example, we may co-invest with such accounts consistent with guidance promulgated by the SEC staff permitting us and such other accounts to purchase interests in a single class of privately placed securities so long as certain conditions are met, including that MC Advisors, acting on our behalf and on behalf of other clients, negotiates no term other than price. We may also co-invest with MC Advisors’ affiliates’ other clients as otherwise permissible under regulatory guidance, applicable regulations, the Order and MC Advisors’ allocation policy, which the investment committee of MC Advisors maintains in writing. The allocation policy further provides that allocations among us and these other funds are generally made in proportion to the relative amounts of capital available for new investments taking into account the Allocation Criteria. We expect that Monroe Capital will follow the Allocation Criteria with respect to all of its funds under management, including us. However, we can offer no assurance that investment opportunities will be allocated to us fairly or equitably in the short-term or over time. In situations where co-investment with other entities sponsored or managed by MC Advisors or its affiliates is not permitted or appropriate, such as when there is an opportunity to invest in securities of the same issuer that have different priorities or liens, MC Advisors will need to decide whether we or such other entity or entities will proceed with the investment. MC Advisors will make these determinations based on its policies and procedures that require that such opportunities be offered to eligible accounts on a basis that is fair and equitable over time. Moreover, except in certain circumstances, we are unable to invest in any issuer in which a fund managed by MC Advisors or its affiliates has previously invested. Similar restrictions limit our ability to transact business with our officers or directors or their affiliates. We may also be prohibited under the 1940 Act from knowingly participating in certain transactions with our affiliates without the prior approval of the majority of the members of our Board who are not interested persons and, in some cases, prior approval by the SEC. The SEC has interpreted the BDC regulations governing transactions with affiliates to prohibit certain “joint transactions” between entities that share a common investment adviser. We operate in a highly competitive market for investment opportunities, which could reduce returns and result in losses. We compete with a number of specialty and commercial finance companies to make the types of investments that we make in middle-market companies, including BDCs, traditional commercial banks, private investment funds, regional banking institutions, small business investment companies, investment banks and insurance companies. Additionally, with increased competition for investment opportunities, alternative investment vehicles such as hedge funds may seek to invest in areas they have not traditionally invested in or from which they had withdrawn during the economic downturn, including investing in middle-market companies. As a result, competition for investments in lower middle-market companies has intensified, and we expect that trend to continue. Many of our existing and potential competitors are substantially larger and have considerably greater financial, technical and marketing resources than we do. For example, some competitors may have a lower cost of funds and access to funding sources that are not available to us. In addition, some of our competitors may have higher risk tolerances or different risk assessments, which could allow them to consider a wider variety of investments and establish more relationships than us. These characteristics could allow our competitors to consider a wider variety of investments, establish more relationships and offer better pricing and more flexible structuring than we offer. We may lose investment opportunities if we do not match our competitors’ pricing, terms and structure. If we are forced to match our competitors’ pricing, terms and structure, however, we may not be able to achieve acceptable returns on our investments or may bear substantial risk of capital loss. A significant part of our competitive advantage stems from the fact that the lower middle-market is underserved by traditional commercial and investment banks, and generally has less access to capital. A significant increase in the number and/or the size of our competitors in this target market could force us to accept less attractive investment terms. Furthermore, many of our competitors are not subject to the regulatory restrictions that the 1940 Act imposes on us as a BDC or the source of income, asset diversification and distribution requirements we must satisfy to maintain our RIC status. The competitive pressures we face may have a material adverse effect on our business, financial condition and results of operations. As a result of this competition, we may not be able to take advantage of attractive investment opportunities from time to time, and we may not be able to identify and make investments that are consistent with our investment objective. We will be subject to U.S. federal income tax at corporate rates if we are unable to qualify or maintain qualification as a RIC under Subchapter M of the Code. We have elected to be treated as a RIC under Subchapter M of the Code commencing with our taxable year ended December 31, 2012, have qualified in each taxable year since, and intend to continue to qualify to be treated as a RIC; however, no assurance can be given that we will be able to continue to qualify for and maintain RIC status. To receive RIC tax treatment under the Code and to be relieved of U.S. federal taxes on income and gains timely distributed to our stockholders, we must meet certain requirements, including source-of-income, asset diversification and distribution requirements. The annual distribution requirement applicable to RICs is satisfied if we distribute at least 90% of our net ordinary income and net short-term capital gains in excess of net long-term capital losses, if any, to our stockholders on an annual basis. In addition, we will be subject to a 4% nondeductible federal excise tax to the extent that we do not satisfy certain additional minimum distribution requirements on a calendar year basis. To the extent we use debt financing, we will be subject to certain asset coverage ratio requirements under the 1940 Act and may be subject to financial covenants under loan and credit agreements, each of which could, under certain circumstances, restrict us from making annual distributions necessary to receive RIC tax treatment. If we are unable to obtain cash from other sources, we may fail to be taxed as a RIC and, thus, may be subject to U.S. federal income tax at corporate rates on our entire taxable income without regard to any distributions made by us. In order to be taxed as a RIC, we must also meet certain asset diversification requirements at the end of each calendar quarter. Failure to meet these tests may result in our having to dispose of certain investments quickly in order to prevent the loss of RIC status. Because most of our investments are in private or thinly traded public companies, any such dispositions could be made at disadvantageous prices and may result in substantial losses. If we fail to be taxed as a RIC for any reason and become subject to corporate U.S. federal income tax, the resulting U.S. federal income taxes could substantially reduce our net assets, the amount of income available for distributions to stockholders and the amount of our distributions and the amount of funds available for new investments. Such a failure would have a material adverse effect on us and our stockholders. An extended disruption in the capital markets and the credit markets could negatively affect us and our portfolio companies. As a BDC, it is necessary for us to maintain our ability to raise additional capital for investment purposes. Without sufficient access to the capital markets or credit markets, we may be forced to curtail our business operations or we may not be able to pursue new business opportunities. The capital markets and the credit markets have experienced periods of extreme volatility and disruption and, accordingly, there has been and may in the future be uncertainty in the financial markets in general. Ongoing disruptive conditions in the financial industry, including the bankruptcy of, the acquisition of, or government intervention in the affairs of financial institutions, and the impact of new legislation in response to those conditions could restrict our business operations or the business operations of our portfolio companies and could adversely impact our results of operations and financial condition or results of operations and financial condition of our portfolio companies. We access the capital markets periodically to issue debt or equity securities or borrow from financial institutions in order to obtain such additional capital. Unfavorable economic conditions could increase our funding costs, limit our access to the capital markets or result in a decision by lenders not to extend credit to us. A reduction in the availability of new capital could limit our ability to pursue new business opportunities and grow our business. In addition, we are required to distribute at least 90% of our net ordinary income and net short-term capital gains in excess of net long-term capital losses, if any, to our stockholders to qualify for the tax benefits available to RICs. As a result, these earnings will not be available to fund new investments. An inability to access the capital markets successfully could limit our ability to grow our business and execute our business strategy fully and could decrease our earnings, if any, which may have an adverse effect on the value of our securities. While most of our investments are not publicly traded, applicable accounting standards require us to assume as part of our valuation process that our investments are sold in a principal market to market participants (even if we plan on holding an investment through its maturity). As a result, volatility in the capital markets can adversely affect our investment valuations. Further, the illiquidity of our investments may make it difficult for us to sell such investments if required and to value such investments. As a result, we may realize significantly less than the value at which we will have recorded our investments. We may need to raise additional capital to grow because we must distribute most of our income. We may need additional capital to fund new investments and grow our portfolio of investments. We intend to access the capital markets periodically to issue debt or equity securities or borrow from financial institutions in order to obtain such additional capital. Unfavorable economic conditions could increase our funding costs, limit our access to the capital markets or result in a decision by lenders not to extend credit to us. A reduction in the availability of new capital could limit our ability to grow. In addition, in order to qualify as a RIC, we are required to distribute each taxable year an amount at least equal to 90% of our net ordinary income and net short-term capital gains in excess of net long-term capital losses, if any, to our stockholders. As a result, these earnings are not available to fund new investments. An inability to access the capital markets successfully could limit our ability to grow our business and execute our business strategy fully and could decrease our earnings, if any, which may have an adverse effect on the value of our securities. We may have difficulty paying our required distributions if we recognize income before, or without, receiving cash representing such income. For U.S. federal income tax purposes, we include in income certain amounts that we have not yet received in cash, such as original issue discount, or through contracted PIK interest, which represents contractual interest added to the loan balance and due at the end of the loan term. Original issue discount, which could be significant relative to our overall investment activities, or increases in loan balances as a result of contracted PIK arrangements, are included in income before we receive the corresponding cash payments. We also may be required to include in income certain other amounts that we do not receive in cash. That part of the incentive fee payable by us that relates to our net investment income is computed and paid on income that may include interest that has been accrued but not yet received in cash, such as original issue discount and PIK interest. If we pay a net investment income incentive fee on interest that has been accrued, but not yet received in cash, it will increase the basis of our investment in that loan, which will reduce the capital gain incentive fee that we would otherwise pay in the future. Nevertheless, if we pay a net investment income incentive fee on interest that has been accrued but not yet received, and if that portfolio company defaults on such a loan, it is possible that accrued interest previously included in the calculation of the incentive fee will become uncollectible. Because we may recognize income before or without receiving cash representing such income, we may have difficulty meeting the requirements applicable to RICs. In such a case, we may have to sell some of our investments at times and/or at prices we would not consider advantageous, raise additional debt or equity capital or reduce new investment originations and sourcings to meet these distribution requirements. If we are not able to obtain such cash from other sources, we may fail to qualify for the tax benefits available to RICs and thus be subject to U.S. federal income tax at corporate rates. The 1940 Act allows us to incur additional leverage, which could increase the risk of investing in us. The 1940 Act generally prohibits us from incurring indebtedness unless immediately after such borrowing we have an asset coverage for total borrowings of at least 200% (i.e., the amount of debt may not exceed half of the value of our total assets). However, under the Small Business Credit Availability Act (the “SBCAA”), which became law in March 2018, BDCs have the ability to elect to become subject to a lower asset coverage requirement of 150% (i.e., the amount of debt may not exceed two-thirds of the value of our total assets), subject to the receipt of the requisite board or stockholder approvals under the SBCAA and satisfaction of certain other conditions. On June 20, 2018, our stockholders approved the application of the modified asset coverage requirements, as approved by our Bo | |||||||||||||||||
Investments Related Risk [Member] | ||||||||||||||||||
General Description of Registrant [Abstract] | ||||||||||||||||||
Risk [Text Block] | Risks Relating to Our Investments Economic recessions or downturns could impair our portfolio companies and harm our operating results. Many of our portfolio companies in which we have invested or expect to make investments are likely to be susceptible to economic slowdowns or recessions and may be unable to repay our loans during such periods. These portfolio companies may face intense competition, including competition from companies with greater financial resources, more extensive research and development, manufacturing, marketing and service capabilities and greater number of qualified and experienced managerial and technical personnel. They may need additional financing that they are unable to secure and that we are unable or unwilling to provide, or they may be subject to adverse developments unrelated to the technologies they acquire. Therefore, our non-performing assets are likely to increase, and the value of our portfolio is likely to decrease during these periods. Adverse economic conditions may decrease the value of collateral securing some of our loans and the value of our equity investments and could lead to financial losses in our portfolio and a corresponding decrease in revenues, net income and assets. Unfavorable economic conditions also could increase our funding costs, limit our access to the capital markets or result in a decision by lenders not to extend credit to us. These events could prevent us from increasing our investments and harm business, financial condition, our operating results and prospects. In March 2023, the Federal Deposit Insurance Corporation (“FDIC”) took control of Silicon Valley Bank and Signature Bank and subsequently in May 2023 of First Republic Bank due to liquidity concerns and concerns have arisen regarding the stability of other banks and financial institutions. Also, the impairment or failure of one or more banks with whom the Company, its portfolio companies, and/or the Adviser transact may inhibit the ability of the Company or its portfolio companies to access depository accounts. In such cases, the Company may be forced to delay or forgo investments, resulting in lower Company performance. In the event of such a failure of a banking institution where the Company or one or more of its portfolio companies holds depository accounts, access to such accounts could be restricted and U.S. FDIC protection may not be available for balances in excess of amounts insured by the FDIC. In such instances, the Company and its affected portfolio companies would not recover such excess, uninsured amounts. To the extent that the Company or the portfolio companies are impacted, their ability to access existing cash, cash equivalents and investments, or to access existing or enter into new banking arrangements or facilities to service our portfolio companies, may be threatened. A portfolio company’s failure to satisfy financial or operating covenants imposed by us or other lenders could lead to defaults and, potentially, acceleration of its loans and foreclosure on its assets, which could trigger cross-defaults under other agreements and jeopardize our portfolio company’s ability to meet its obligations under the debt securities that we hold. We may incur expenses to the extent necessary to seek recovery upon default or to negotiate new terms with a defaulting portfolio company. It is possible that we could become subject to a lender liability claim, including as a result of actions taken if we or MC Advisors render significant managerial assistance to the borrower. Furthermore, if one of our portfolio companies were to file for bankruptcy protection, even though we may have structured our investment as senior secured debt, depending on the facts and circumstances, including the extent to which we or MC Advisors provided managerial assistance to that portfolio company or otherwise exercise control over it, a bankruptcy court might re-characterize our debt as a form of equity and subordinate all or a portion of our claim to claims of other creditors. Inflation may adversely affect the business, results of operations and financial condition of our portfolio companies. Recent inflationary pressures have increased the costs of labor, energy and raw materials and have adversely affected consumer spending, economic growth and our portfolio companies’ operations. Certain of our portfolio companies may be in industries that have been, or are expected to be, impacted by inflation. If such portfolio companies are unable pass any increases in their costs along to their customers, it could adversely affect their results and impact their ability to pay interest and principal on our loans. In addition, any projected future decreases in our portfolio companies' operating results due to inflation could adversely impact the fair value of those investments. Any decreases in the fair value of our investments could result in future realized or unrealized losses and therefore reduce our net assets resulting from operations. Additionally, the Federal Reserve has raised, and may continue raising, certain benchmark interest rates in an effort to combat inflation. See “We are exposed to risks associated with changes in interest rates.” Market conditions have materially and adversely affected debt and equity capital markets in the United States and around the world. In the past, the global capital markets experienced periods of disruption resulting in increasing spreads between the yields realized on riskier debt securities and those realized on securities perceived as being risk-free and a lack of liquidity in parts of the debt capital markets, significant write-offs in the financial services sector relating to subprime mortgages and the re-pricing of credit risk in the broadly syndicated market. These events, along with the deterioration of the housing market, illiquid market conditions, declining business and consumer confidence and the failure of major financial institutions in the United States, led to a general decline in economic conditions. This economic decline materially and adversely affected the broader financial and credit markets and reduced the availability of debt and equity capital for the market as a whole and to financial firms in particular. If such a period of disruption were to occur in the future, to the extent that we wish to use debt to fund our investments, the debt capital that will be available to us, if at all, may be at a higher cost, and on terms and conditions that may be less favorable, than what we expect, which could negatively affect our financial performance and results. A prolonged period of market illiquidity may cause us to reduce the volume of loans we originate and/or fund below historical levels and adversely affect the value of our portfolio investments, which could have a material and adverse effect on our business, financial condition, and results of operations. The spread between the yields realized on riskier debt securities and those realized on securities perceived as being risk-free has remained narrow on a relative basis recently. If these spreads were to widen or if there were deterioration of market conditions, these events could materially and adversely affect our business. We and our portfolio companies may maintain cash balances at financial institutions and exceed federally insured limits and may otherwise be materially affected by adverse developments affecting the financial services industry, such as actual events or concerns involving liquidity, defaults or non-performance by financial institutions or transactional counterparties. Our cash is held in accounts at U.S. banking institutions that we believe are of high quality. Cash held by us and by our portfolio companies in non-interest-bearing and interest-bearing operating accounts may exceed the Federal Deposit Insurance Corporation (FDIC) insurance limits. If such banking institutions were to fail, we or our portfolio companies could lose all or a portion of those amounts held in excess of such insurance limitations. In addition, actual events involving limited liquidity, defaults, non-performance or other adverse developments that affect financial institutions, transactional counterparties or other companies in the financial services industry or the financial services industry generally, or concerns or rumors about any events of these kinds or other similar risks, have in the past and may in the future lead to market-wide liquidity problems, which could adversely affect our and our portfolio companies’ business, financial condition, results of operations, or prospects. Although we assess our portfolio companies’ banking relationships as we believe necessary or appropriate, our and our portfolio companies’ access to funding sources and other credit arrangements in amounts adequate to finance or capitalize our respective current and projected future business operations could be significantly impaired by factors that affect us or our portfolio companies, the financial institutions with which we or our portfolio companies have arrangements directly, or the financial services industry or economy in general. These factors could include, among others, events such as liquidity constraints or failures, the ability to perform obligations under various types of financial, credit or liquidity agreements or arrangements, disruptions or instability in the financial services industry or financial markets, or concerns or negative expectations about the prospects for companies in the financial services industry. These factors could involve financial institutions or financial services industry companies with which we or our portfolio companies have financial or business relationships, but could also include factors involving financial markets or the financial services industry generally. In addition, investor concerns regarding the U.S. or international financial systems could result in less favorable commercial financing terms, including higher interest rates or costs and tighter financial and operating covenants, or systemic limitations on access to credit and liquidity sources, thereby making it more difficult for us or our portfolio companies to acquire financing on acceptable terms or at all. Our investments in leveraged portfolio companies may be risky, and we could lose all or part of our investment. Investment in leveraged companies involves a number of significant risks. Leveraged companies, including lower middle-market companies, in which we invest may have limited financial resources and may be unable to meet their obligations under their debt securities that we hold. Such developments may be accompanied by a deterioration in the value of any collateral and a reduction in the likelihood of our realizing any guarantees that we may have obtained in connection with our investment. In addition, our junior secured loans are generally subordinated to senior loans. As such, other creditors may rank senior to us in the event of an insolvency. Our portfolio companies consist of and will likely continue to consist primarily of lower middle-market, privately owned companies, which may present a greater risk of loss than loans to larger companies. Our portfolio consists, and will most likely continue to consist, primarily of loans to lower middle-market, privately owned companies. Compared to larger, publicly traded firms, these companies generally have more limited access to capital and higher funding costs, may be in a weaker financial position and may need more capital to expand, compete and operate their business. In addition, many of these companies may be unable to obtain financing from public capital markets or from traditional sources, such as commercial banks. Accordingly, loans made to these types of borrowers may entail higher risks than loans made to companies that have larger businesses, greater financial resources or are otherwise able to access traditional credit sources on more attractive terms. Investing in lower middle-market companies involves a number of significant risks, including that lower middle-market companies: • may have shorter operating histories, narrower product lines and smaller market shares than larger businesses, which tend to render them more vulnerable to competitors’ actions and market conditions, as well as general economic downturns; • are more likely to depend on the management talents and efforts of a small group of persons; therefore, the death, disability, resignation or termination of one or more of these persons could have a material adverse impact on our portfolio company and, in turn, on us; • typically have more limited access to the capital markets, which may hinder their ability to refinance borrowings; • will be unable to refinance or repay at maturity the unamortized loan balance as we structure our loans such that a significant balance remains due at maturity; • generally have less predictable operating results, may be particularly vulnerable to changes in customer preferences or market conditions, depend on one or a limited number of major customers; • may from time to time be parties to litigation, may be engaged in rapidly changing businesses with products subject to a substantial risk of obsolescence, and may require substantial additional capital to support their operations, finance expansion or maintain their competitive position; and • generally have less publicly available information about their businesses, operations and financial condition. If we are unable to uncover all material information about these companies, we may not make a fully informed investment decision, and may lose all or part of our investment. Any of these factors or changes thereto could impair a portfolio company’s financial condition, results of operation, cash flow or result in other adverse events, such as bankruptcy, any of which could limit a portfolio company’s ability to make scheduled payments on loans from us. This, in turn, may lead to their inability to make payments on outstanding borrowings, which could result in losses in our loan portfolio and a decrease in our net interest income and book value. We may be subject to risks associated with our investments in senior secured loans. We invest in senior secured loans. Senior secured loans are usually rated below investment grade or may also be unrated. As a result, the risks associated with senior secured loans may be considered by credit rating agencies to be similar to the risks of below investment grade fixed income instruments, although senior secured loans are senior and secured in contrast to other below investment grade fixed income instruments, which are often subordinated or unsecured. Investment in senior secured loans rated below investment grade is considered speculative because of the credit risk of their issuers. Such companies are more likely than investment grade issuers to default on their payments of interest and principal owed to us, and such defaults could have a material adverse effect on our performance. An economic downturn would generally lead to a higher non-payment rate, and a senior secured loan may lose significant market value before a default occurs. Moreover, any specific collateral used to secure a senior secured loan may decline in value or become illiquid, which would adversely affect the senior secured loan’s value. There may be less readily available and reliable information about most senior secured loans than is the case for many other types of securities, including securities issued in transactions registered under the Securities Act or registered under the Exchange Act. As a result, MC Advisors will rely primarily on its own evaluation of a borrower’s credit quality rather than on any available independent sources. Therefore, we will be particularly dependent on the analytical abilities of MC Advisors. In general, the secondary trading market for senior secured loans is not well developed. No active trading market may exist for certain senior secured loans, which may make it difficult to value them. Illiquidity and adverse market conditions may mean that we may not be able to sell senior secured loans quickly or at a fair price. To the extent that a secondary market does exist for certain senior secured loans, the market for them may be subject to irregular trading activity, wide bid/ask spreads and extended trade settlement periods. We may be subject to risks associated with our investments in junior debt securities. We invest in junior debt securities. Although certain junior debt securities are typically senior to common stock or other equity securities, the equity and debt securities in which we will invest may be subordinated to substantial amounts of senior debt, all or a significant portion of which may be secured. Such subordinated investments may be characterized by greater credit risks than those associated with the senior obligations of the same issuer. These subordinated securities may not be protected by all of the financial covenants, such as limitations upon additional indebtedness, typically protecting such senior debt. Holders of junior debt generally are not entitled to receive full payments in bankruptcy or liquidation until senior creditors are paid in full. Holders of equity are not entitled to payments until all creditors are paid in full. In addition, the remedies available to holders of junior debt are normally limited by restrictions benefiting senior creditors. In the event any portfolio company cannot generate adequate cash flow to meet senior debt service, we may suffer a partial or total loss of capital invested. We may be subject to risks associated with “covenant-lite” loans. Certain loans in which we invest may be “covenant-lite.” We use the term “covenant-lite” loans to refer generally to loans that do not have a complete set of financial maintenance covenants. Generally, “covenant-lite” loans provide borrower companies more freedom to negatively impact lenders because their covenants are incurrence-based, which means they are only tested and can only be breached following an affirmative action of the borrower, rather than by a deterioration in the borrower’s financial condition. Accordingly, to the extent we are exposed to “covenant-lite” loans, we may have a greater risk of loss on such investments as compared to investments in or exposure to loans with financial maintenance covenants. We may be subject to risks associated with our investments in unitranche secured loans and securities. We invest in unitranche secured loans, which are a combination of senior secured and junior secured debt in the same facility in which we syndicate a “first out” portion of the loan to an investor and retain a “last out” portion of the loan. Unitranche secured loans provide all of the debt needed to finance a leveraged buyout or other corporate transaction, both senior and junior, but generally in a first lien position, while the borrower generally pays a blended, uniform interest rate rather than different rates for different tranches. Unitranche secured debt generally requires payments of both principal and interest throughout the life of the loan. Generally, we expect these securities to carry a blended yield that is between senior secured and junior debt interest rates. Unitranche secured loans provide a number of advantages for borrowers, including the following: simplified documentation, greater certainty of execution and reduced decision-making complexity throughout the life of the loan. In some cases, a portion of the total interest may accrue or be paid in kind. Because unitranche secured loans combine characteristics of senior and junior financing, unitranche secured loans have risks similar to the risks associated with senior secured and second lien loans and junior debt in varying degrees according to the combination of loan characteristics of the unitranche secured loan. We may be subject to risks associated with our investments in bank loans. We intend to invest in bank loans and participations. These obligations are subject to unique risks, including: • the possible invalidation of an investment transaction as a fraudulent conveyance under relevant creditors’ rights laws, • so-called lender-liability claims by the issuer of the obligations, • environmental liabilities that may arise with respect to collateral securing the obligations, and • limitations on our ability to directly enforce its rights with respect to participations. In addition, the illiquidity of bank loans may make it difficult for us to sell such investments to access capital if required. As a result, we could realize significantly less than the value at which we have recorded our investments if we were required to sell them for liquidity purposes. Compared to securities and to certain other types of financial assets, purchases and sales of loans take relatively longer to settle. This extended settlement process can (i) increase the counterparty credit risk borne by us; (ii) leave us unable to timely vote, or otherwise act with respect to, loans it has agreed to purchase; (iii) delay us from realizing the proceeds of a sale of a loan; (iv) inhibit our ability to re-sell a loan that it has agreed to purchase if conditions change (leaving us more exposed to price fluctuations); (v) prevent us from timely collecting principal and interest payments; and (vi) expose us to adverse tax or regulatory consequences. To the extent the extended loan settlement process gives rise to short-term liquidity needs, we may hold cash, sell investments or temporarily borrow from banks or other lenders. In purchasing participations, we generally will have no right to enforce compliance by the borrower with the terms of the loan agreement, nor any rights of set-off against the borrower, and we may not directly benefit from the collateral supporting the debt obligation in which we have purchased the participation. As a result, we will assume the credit risk of both the borrower and the institution selling the participation. In analyzing each bank loan or participation, MC Advisors compares the relative significance of the risks against the expected benefits of the investment. Successful claims by third parties arising from these and other risks will be borne by us. Loans may become nonperforming for a variety of reasons. A loan or debt obligation may become non-performing for a variety of reasons. Such non-performing loans may require substantial workout negotiations or restructuring that may entail, among other things, a substantial reduction in the interest rate, a substantial write-down of the principal amount of the loan and/or the deferral of payments. In addition, such negotiations or restructuring may be quite extensive and protracted over time, and therefore may result in substantial uncertainty with respect to the ultimate recovery. We may also incur additional expenses to the extent that it is required to seek recovery upon a default on a loan or participate in the restructuring of such obligation. The liquidity for defaulted loans may be limited, and to the extent that defaulted loans are sold, it is highly unlikely that the proceeds from such sale will be equal to the amount of unpaid principal and interest thereon. In connection with any such defaults, workouts or restructuring, although we exercise voting rights with respect to an individual loan, we may not be able to exercise votes in respect of a sufficient percentage of voting rights with respect to such loan to determine the outcome of such vote. The lack of liquidity in our investments may adversely affect our business. All of our assets may be invested in illiquid securities, and a substantial portion of our investments in leveraged companies will be subject to legal and other restrictions on resale or will otherwise be less liquid than more broadly traded public securities. The illiquidity of these investments may make it difficult for us to sell such investments when desired. In addition, if we are required to liquidate all or a portion of our portfolio quickly, we may realize significantly less than the value at which we have previously recorded these investments. As a result, we do not expect to achieve liquidity in our investments in the near-term. However, to maintain the election to be regulated as a BDC and qualify as a RIC, we may have to dispose of investments if we do not satisfy one or more of the applicable criteria under the respective regulatory frameworks. We may also face other restrictions on our ability to liquidate an investment in a portfolio company to the extent that we or MC Advisors have material nonpublic information regarding such portfolio company. Price declines and illiquidity in the corporate debt markets may adversely affect the fair value of our portfolio investments, reducing our net asset value through increased net unrealized losses. As a BDC, we are required to carry our investments at market value or, if no market value is ascertainable, at fair value as determined in good faith by the Valuation Designee. When an external event such as a purchase transaction, public offering or subsequent equity sale occurs, we use the pricing indicated by the external event to corroborate our valuation. We record decreases in the market values or fair values of our investments as unrealized losses. Declines in prices and liquidity in the corporate debt markets may result in significant net unrealized losses on our portfolio. The effect of all of these factors on our portfolio may reduce our net asset value by increasing net unrealized losses on our portfolio. Depending on market conditions, we could incur substantial realized losses and may suffer additional unrealized losses in future periods, which could have a material adverse effect on our business, financial condition and results of operations. Our portfolio companies may prepay loans, which prepayment may reduce stated yields if capital returned cannot be invested in transactions with equal or greater expected yields. The loans underlying our portfolio may be callable at any time, and many of them can be repaid with no premium to par. It is generally not clear and highly unpredictable when or if any loan might be called. Whether a loan is called will depend both on the continued positive performance of the portfolio company and the existence of favorable financing market conditions that allow such company the ability to replace existing financing with less expensive capital. As market conditions change frequently, it is unknown when, and if, this may be possible for each portfolio company. Risks associated with owning loans include the fact that prepayments may occur at any time, sometimes without premium or penalty, and that the exercise of prepayment rights during periods of declining spreads could cause us to reinvest prepayment proceeds in lower-yielding instruments. In the case of some of these loans, having the loan called early may reduce our achievable yield if the capital returned cannot be invested in transactions with equal or greater expected yields. We may be subject to risks associated with real estate-related investments. As of December 31, 2023, our investments in the FIRE: Real Estate industry represented approximately 17.4% of the fair value of our portfolio. We may invest portions of our portfolio in the real estate industry, and such investments will be subject to the risks inherent to investment in real estate-related assets generally. These risks include, but are not limited to, regional, national and international economic conditions, the supply and demand for properties, the financial resources of tenants, buyers and sellers of properties, changes in building, environmental, zoning and other laws and regulations, changes in real property tax rates, changes in interest rates and the availability of financing, which may render the sale or refinancing of properties difficult or impracticable, environmental liabilities, uninsured losses, acts of God, natural disasters, terrorist attacks, acts of war (declared and undeclared), strikes and other factors which are beyond our control. Any of these factors could lead to a significant decline in the value of our real estate-related investments, and could in turn, materially adversely affect our business, financial condition and results of operations. We may be subject to risks associated with our investments in the technology industry. We may invest portions of our portfolio in the technology industry. There are risks in investing in companies that target technology-related markets, including rapid and sometimes dramatic price erosion of products, the reliance on capital and debt markets to finance large capital outlays, including fabrication facilities, the reliance on partners outside of the United States, particularly in Asia, and inherent cyclicality of the technology market in general. As a result of multiple factors, access to capital may be difficult or impossible for companies in our portfolio that are pursuing these markets. The revenue, income (or losses) and valuations of technology-related companies can and often do fluctuate suddenly and dramatically. In addition, because of rapid technological change, the average selling prices of products and some services provided by technology-related sectors have historically decreased over their productive lives. As a result, the average selling prices of products and services offered by our portfolio companies that operate in technology-related sectors may decrease over time, which could adversely affect their operating results and, correspondingly, the value of any securities that we may hold. This could, in turn, materially adversely affect our business, financial condition and results of operations. We may be subject to risks associated with our investments in the business services industry. As of December 31, 2023, our investments in the Services: Business industry represented approximately 11.6% of the fair value of our portfolio. Portfolio companies in the business services sector are subject to many risks, including the negative impact of regulation, changing technology, a competitive marketplace and difficulty in obtaining financing. Portfolio companies in the business services industry must respond quickly to technological changes and understand the impact of these changes on customers’ preferences. Adverse economic, business, or regulatory developments affecting the business services sector could have a negative impact on the value of our investments in portfolio companies operating in this industry, and therefore could negatively impact our business and results of operations. We may be subject to risks associated with our investments in the insurance industry. We may invest portions of our portfolio in the insurance industry. The insurance business has historically been a cyclical industry characterized by periods of intense price competition due to excessive underwriting capacity, as well as periods when shortages of capacity permitted an increase in pricing and, thus, more favorable underwriting profits. An increase in premium levels is often offset over time by an increasing supply of insurance capacity in the form of capital provided by new entrants and existing insurers, which may cause prices to decrease. Any of these factors could lead to a significant reduction in premium rates, less favorable policy terms and fewer opportunities for our portfolio companies to underwrite insurance risks. Any of these factors could in turn, materially adversely affect our business, financial condition and results of operations. We may be subject to risks associated with our investments in the finance industry. We may invest portions of our portfolio in the finance industry. The regulatory environment in which the finance industry operates could have a material adverse effect on business and operating results for our portfolio companies. Our portfolio companies are subject to a wide variety of laws and regulations in the jurisdictions where they operate, including supervision and licensing by numerous governmental entities. These laws and regulations can create significant constraints on operations and result in significant costs related to compliance. Failure to comply with these laws and regulations could impair the ability of a portfolio company to continue operating and result in substantial civil and criminal penalties, monetary damages, attorneys’ fees and costs, possible revocation of licenses, and damage to reputation, brand and valued customer re | |||||||||||||||||
Common Stock Related Risks [Member] | ||||||||||||||||||
General Description of Registrant [Abstract] | ||||||||||||||||||
Risk [Text Block] | Risks Relating to Our Common Stock We may not be able to pay distributions, our distributions may not grow over time and/or a portion of our distributions may be a return of capital. We have paid and intend to continue to pay distributions to our stockholders out of assets legally available for distribution. We cannot assure you that we will achieve investment results that will allow us to sustain a specified level of cash distributions or make periodic increases in cash distributions. Our ability to pay distributions might be adversely affected by, among other things, the impact of one or more of the risk factors described herein. In addition, the inability to satisfy the asset coverage test applicable to us as a BDC could limit our ability to pay distributions. All distributions will be paid at the discretion of our Board and will depend on our earnings, our financial condition, maintenance of our RIC status, compliance with applicable BDC regulations and such other factors as our Board may deem relevant from time to time. We cannot assure you that we will continue to pay distributions to our stockholders. When we make distributions, we will be required to determine the extent to which such distributions are paid out of current or accumulated earnings and profits. Distributions in excess of current and accumulated earnings and profits will be treated as a non-taxable return of capital to the extent of an investor’s adjusted tax basis in our stock and, assuming that an investor holds our stock as a capital asset, thereafter as a capital gain. We may choose to pay a portion of our dividends in our own stock, in which case you may be required to pay tax in excess of the cash you receive. We have adopted a dividend reinvestment plan that provides for reinvestment of our dividends and other distributions on behalf of our stockholders, unless a stockholder elects to receive cash pursuant to such plan. We may distribute taxable dividends that are payable in part in our stock. Taxable stockholders receiving such dividends will be required to include the full amount of the dividend as ordinary income (or as long-term capital gain or qualified dividend income to the extent such distribution is properly reported as such) to the extent of our current and accumulated earnings and profits for U.S. federal income tax purposes. The tax rate for ordinary income will vary depending on a stockholder’s particular characteristics. For individuals, the top marginal U.S. federal ordinary income tax rate is 37%. To the extent distributions paid by us to non-corporate stockholders (including individuals) are attributable to dividends from U.S. corporations and certain qualified foreign corporations, such distributions generally will be eligible for a maximum qualified dividend U.S. federal tax rate of 20%. However, in this regard, it is anticipated that distributions paid by us will generally not be attributable to such dividends and, therefore, generally will not qualify for the U.S. preferential federal tax rate. Distributions of our net capital gains (which is generally our realized net long-term capital gains in excess of realized net short-term capital losses) properly reported by us as “capital gain dividends” will be taxable to an individual U.S. stockholder as long-term capital gains currently at a maximum U.S. federal tax rate of 20%. As a result of receiving dividends in the form of our common stock, a U.S. stockholder may be required to pay tax with respect to such dividends in excess of any cash received. If a U.S. stockholder sells the stock it receives as a dividend in order to pay this tax, the sales proceeds may be less than the amount included in income with respect to the dividend, depending on the market price of our stock at the time of the sale. Furthermore, with respect to non-U.S. stockholders, we may be required to withhold U.S. federal tax with respect to such dividends, including in respect of all or a portion of such dividend that is payable in shares of our common stock. In addition, if a significant number of our stockholders determine to sell shares of our stock in order to pay taxes owed on dividends, it may put downward pressure on the trading price of shares of our common stock. In addition, as discussed above, our loans may contain a PIK interest provision. The PIK interest, computed at the contractual rate specified in each loan agreement, is added to the principal balance of the loan and recorded as interest income. To avoid the imposition of U.S. federal income tax at corporate rates, we will need to make sufficient distributions, a portion of which may be paid in shares of our common stock, regardless of whether our recognition of income is accompanied by a corresponding receipt of cash. If we sell common stock at a discount to our net asset value per share, stockholders who do not participate in such sale will experience immediate dilution in an amount that may be material. The issuance or sale by us of shares of our common stock at a price per share, after offering expenses and commission, that is a discount to net asset value poses a risk of dilution to our stockholders. In particular, stockholders who do not purchase additional shares at or below the discounted price in proportion to their current ownership will experience an immediate decrease in net asset value per share (as well as in the aggregate net asset value of their shares if they do not participate at all). These stockholders will also experience a disproportionately greater decrease in their participation in our earnings and assets and their voting power than the increase we experience in our assets, potential earning power and voting interests from such issuance or sale. In addition, such sales may adversely affect the price at which our common stock trades. Investing in our common stock may involve an above-average degree of risk. The investments we make in accordance with our investment objective may result in a higher amount of risk than alternative investment options and a higher risk of volatility or loss of principal. Our investments in portfolio companies may be highly speculative and aggressive and, therefore, an investment in our common stock may not be suitable for someone with lower risk tolerance. Shares of closed-end investment companies, including BDCs, often trade at a discount to their net asset value, and our shares have not traded at or above net asset value since the second quarter of 2022. Shares of closed-end investment companies, including BDCs, may trade at a discount from net asset value. This characteristic of closed-end investment companies and BDCs is separate and distinct from the risk that our net asset value per share may decline. Our common stock has not traded at or above net asset value since the second quarter of 2022, and we cannot predict whether our common stock will trade at, above or below net asset value. Provisions of the Maryland General Corporation Law and our charter and bylaws could deter takeover attempts and have an adverse effect on the price of our common stock. The Maryland General Corporation Law and our charter and bylaws contain provisions that may discourage, delay or make more difficult a change in control of us or the removal of our directors. We are subject to the Maryland Business Combination Act, subject to any applicable requirements of the 1940 Act. Our Board has adopted a resolution exempting from the Maryland Business Combination Act any business combination between us and any other person, subject to prior approval of such business combination by our Board, including approval by a majority of our independent directors. If the resolution exempting business combinations is repealed or our Board does not approve a business combination, the Maryland Business Combination Act may discourage third parties from trying to acquire control of us and increase the difficulty of consummating such an offer. The SEC staff has taken the position that, under the 1940 Act, an investment company may not avail itself of the Maryland Control Share Acquisition Act. As a result, we may amend our bylaws to be subject to the Maryland Control Share Acquisition Act, only if the Board determines that it would be in our best interests, including in light of the Board’s fiduciary obligations, applicable federal and state laws, and the particular facts and circumstances surrounding the Board’s decision. If such conditions are met, and we amend our bylaws to repeal the exemption from the Maryland Control Share Acquisition Act, the Maryland Control Share Acquisition Act also may make it more difficult for a third party to obtain control of us and increase the difficulty of consummating such a transaction. We have adopted certain measures that may make it difficult for a third-party to obtain control of us, including provisions of our charter classifying our Board in three staggered terms and authorizing our Board to classify or reclassify shares of our capital stock in one or more classes or series and to cause the issuance of additional shares of our stock. These provisions, as well as other provisions of our charter and bylaws, may delay, defer or prevent a transaction or a change in control that might otherwise be in the best interests of our stockholders. The market price of our securities fluctuates. The market price and liquidity of the market for our securities fluctuates and may be significantly affected by numerous factors, some of which are beyond our control and may not be directly related to our operating performance. These factors may include: • significant volatility in the market price and trading volume of securities of BDCs or other companies in our sector, which is not necessarily related to the operating performance of these companies; • changes in regulatory policies or tax guidelines, particularly with respect to RICs or BDCs; • loss of RIC or BDC status; • changes or perceived changes in earnings or variations in operating results; • changes or perceived changes in the value of our portfolio of investments; • changes in accounting guidelines governing valuation of our investments; • any shortfall in revenue or net income or any increase in losses from levels expected by investors or securities analysts; • departure of MC Advisors’ key personnel; • the occurrence of one or more natural disasters, pandemic outbreaks or other health crises; • operating performance of companies comparable to us; • general economic trends and other external factors; and • loss of a major funding source. | |||||||||||||||||
2026 Notes Related Risks [Member] | ||||||||||||||||||
General Description of Registrant [Abstract] | ||||||||||||||||||
Risk [Text Block] | Risks Relating to the 2026 Notes The 4.75% Notes due 2026 (the “2026 Notes”) are unsecured and therefore are effectively subordinated to any secured indebtedness we have incurred or may incur in the future. The 2026 Notes are not secured by any of our assets or any of the assets of any of our subsidiaries. As a result, the 2026 Notes are effectively subordinated to any secured indebtedness we or our subsidiaries have incurred or that we or our subsidiaries may incur in the future (or any indebtedness that is initially unsecured as to which we subsequently grant a security interest) to the extent of the value of the assets securing such indebtedness. In any liquidation, dissolution, bankruptcy or other similar proceeding, the holders of any of our existing or future secured indebtedness and the secured indebtedness of our subsidiaries may assert rights against the assets pledged to secure that indebtedness in order to receive full payment of their indebtedness before the assets may be used to pay other creditors, including the holders of the 2026 Notes. As of December 31, 2023, we had $174.1 million in outstanding indebtedness under the revolving credit facility. The indebtedness under the revolving credit facility is effectively senior to the 2026 Notes to the extent of the value of the assets securing such indebtedness. The 2026 Notes are structurally subordinated to the indebtedness and other liabilities of our subsidiaries. The 2026 Notes are obligations exclusively of the Company, and not of any of our subsidiaries. None of our subsidiaries is a guarantor of the 2026 Notes, and the 2026 Notes are not required to be guaranteed by any subsidiary we may acquire or create in the future. Any assets of our subsidiaries are not directly available to satisfy the claims of our creditors, including holders of the 2026 Notes. Except to the extent we are a creditor with recognized claims against our subsidiaries, all claims of creditors of our subsidiaries will have priority over our equity interests in such entities (and therefore the claims of our creditors, including holders of the 2026 Notes) with respect to the assets of such entities. Even if we are recognized as a creditor of one or more of these entities, our claims would still be effectively subordinated to any security interests in the assets of any such entity and to any indebtedness or other liabilities of any such entity senior to our claims. Consequently, the 2026 Notes are structurally subordinated to all indebtedness and other liabilities, including trade payables, of any of our existing or future subsidiaries. As of December 31, 2023, our subsidiaries did not have any outstanding indebtedness. Certain of these entities currently serve as guarantors under our revolving credit facility, and in the future our subsidiaries may incur substantial additional indebtedness, all of which is and would be structurally senior to the 2026 Notes. The indenture under which the 2026 Notes are issued contains limited protection for holders of the 2026 Notes. The indenture under which the 2026 Notes are issued offers limited protection to holders of the 2026 Notes. The terms of the indenture and the 2026 Notes do not restrict our or any of our subsidiaries’ ability to engage in, or otherwise be a party to, a variety of corporate transactions, circumstances or events that could have an adverse impact on investments in the 2026 Notes. In particular, the terms of the indenture and the 2026 Notes do not place any restrictions on our or our subsidiaries’ ability to: • issue securities or otherwise incur additional indebtedness or other obligations, including (1) any indebtedness or other obligations that would be equal in right of payment to the 2026 Notes, (2) any indebtedness or other obligations that would be secured and therefore rank effectively senior in right of payment to the 2026 Notes to the extent of the values of the assets securing such debt, (3) indebtedness of ours that is guaranteed by one or more of our subsidiaries and which therefore is structurally senior to the 2026 Notes and (4) securities, indebtedness or obligations issued or incurred by our subsidiaries that would be senior to our equity interests in our subsidiaries and therefore rank structurally senior to the 2026 Notes with respect to the assets of our subsidiaries, in each case other than an incurrence of indebtedness or other obligation that would cause a violation of Section 18(a)(1)(A) as modified by Section 61(a)(2) of the 1940 Act or any successor provisions, whether or not we continue to be subject to such provisions of the 1940 Act, but giving effect, in either case, to any exemptive relief granted to us by the SEC, which generally prohibit us from incurring additional indebtedness, including through the issuance of additional debt securities, unless our asset coverage, as defined in the 1940 Act, equals at least 150% after such incurrence or issuance; • pay dividends on, or purchase or redeem or make any payments in respect of, capital stock or other securities ranking junior in right of payment to the 2026 Notes, including subordinated indebtedness, except that we have agreed that, for the period of time during which the 2026 Notes are outstanding, we will not violate Section 18(a)(1)(B) as modified by (i) Section 61(a)(2) of the 1940 Act or any successor provisions thereto, whether or not we are subject to such provisions of the 1940 Act and after giving effect to any exemptive relief granted to us by the SEC and (ii) the following two exceptions: (A) we will be permitted to declare a cash dividend or distribution notwithstanding the prohibition contained in Section 18(a)(1)(B) as modified by Section 61(a)(2) of the 1940 Act or any successor provisions, but only up to such amount as is necessary for us to maintain our status as a RIC under Subchapter M of the Code; and (B) this restriction will not be triggered unless and until such time as our asset coverage has not been in compliance with the minimum asset coverage required by Section 18(a)(1)(B) as modified by Section 61(a)(2) of the 1940 Act or any successor provisions (after giving effect to any exemptive relief granted to us by the SEC) for more than six consecutive months. If Section 18(a)(1)(B) as modified by Section 61(a)(2) of the 1940 Act were currently applicable to us, these provisions would generally prohibit us from declaring any cash dividend or distribution upon any class of our capital stock, or purchasing any such capital stock if our asset coverage, as defined in the 1940 Act, were below 150% at the time of the declaration of the dividend or distribution or the purchase and after deducting the amount of such dividend, distribution or purchase; • sell assets (other than certain limited restrictions on our ability to consolidate, merge or sell all or substantially all of our assets); • enter into transactions with affiliates; • create liens (including liens on the shares of our subsidiaries) or enter into sale and leaseback transactions; • make investments; or • create restrictions on the payment of dividends or other amounts to us from our subsidiaries. Furthermore, the terms of the indenture and the 2026 Notes do not protect holders of the 2026 Notes in the event that we experience changes (including significant adverse changes) in our financial condition, results of operations or credit ratings, if any, as they do not require that we or our subsidiaries adhere to any financial tests or ratios or specified levels of net worth, revenues, income, cash flow, or liquidity. Our ability to recapitalize, incur additional debt (including additional debt that matures prior to the maturity of the 2026 Notes) and take a number of other actions that are not limited by the terms of the 2026 Notes may have important consequences for you as a holder of the 2026 Notes, including making it more difficult for us to satisfy our obligations with respect to the 2026 Notes or negatively affecting the market value of the 2026 Notes. Other debt we issue or incur in the future could contain more protections for its holders than the indenture and the 2026 Notes, including additional covenants and events of default. The issuance or incurrence of any such debt with incremental protections could affect the market for, trading levels, and prices of the 2026 Notes. The 2026 Notes may or may not have an established trading market. If a trading market in the 2026 Notes is developed, it may not be maintained. The 2026 Notes may or may not have an established trading market. If a trading market in the 2026 Notes is developed, it may not be maintained. If the 2026 Notes are traded, they may trade at a discount to their initial offering price depending on prevailing interest rates, the market for similar securities, our credit ratings, our financial condition or other relevant factors. Accordingly, we cannot assure you that a liquid trading market has been or will develop for the 2026 Notes, that you will be able to sell your 2026 Notes at a particular time or that the price you receive when you sell will be favorable. To the extent an active trading market does not develop or is not maintained, the liquidity and trading price for the 2026 Notes may be harmed. Accordingly, you may be required to bear the financial risk of an investment in the 2026 Notes for an indefinite period of time. If we default on our obligations to pay our other indebtedness, we may not be able to make payments on the 2026 Notes. As of December 31, 2023, we had approximately $174.1 million of indebtedness outstanding under the revolving credit facility. Any default under the agreements governing our indebtedness, including a default under the revolving credit facility or other indebtedness to which we may be a party that is not waived by the required lenders, and the remedies sought by lenders or the holders of such indebtedness could make us unable to pay principal, premium, if any, and interest on the 2026 Notes and substantially decrease the market value of the 2026 Notes. If we are unable to generate sufficient cash flow and are otherwise unable to obtain funds necessary to meet required payments of principal, premium, if any, and interest on our indebtedness, or if we otherwise fail to comply with the various covenants, including financial and operating covenants, in the instruments governing our indebtedness (including the revolving credit facility), we could be in default under the terms of the agreements governing such indebtedness, including the 2026 Notes. In the event of such default, the holders of such indebtedness could elect to declare all the funds borrowed thereunder to be due and payable, together with accrued and unpaid interest, the lenders under the revolving credit facility or other debt we may incur in the future could elect to terminate their commitment, cease making further loans and institute foreclosure proceedings against our assets, and we could be forced into bankruptcy or liquidation. If our operating performance declines and we are not able to generate sufficient cash flow to service our debt obligations, we may in the future need to refinance or restructure our debt, including the 2026 Notes, sell assets, reduce or delay capital investments, seek to raise additional capital or seek to obtain waivers from the lenders under the revolving credit facility or other debt that we may incur in the future to avoid being in default. If we are unable to implement one or more of these alternatives, we may not be able to meet our payment obligations under the 2026 Notes and our other debt. If we breach our covenants under the revolving credit facility or any of our other debt and seek a waiver, we may not be able to obtain a waiver from the required lenders or holders thereof. If this occurs, we would be in default under the revolving credit facility or other debt, the lenders or holders could exercise their rights as described above, and we could be forced into bankruptcy or liquidation. If we are unable to repay debt, lenders having secured obligations, including the lenders under the revolving credit facility, could proceed against the collateral securing the debt. Because the revolving credit facility has, and any future credit facilities will likely have, customary cross-default provisions, if we have a default under the terms of the 2026 Notes, the obligations under the revolving credit facility or any future credit facility may be accelerated and we may be unable to repay or finance the amounts due. We may choose to redeem the 2026 Notes when prevailing interest rates are relatively low. The 2026 Notes are redeemable in whole or in part upon certain conditions at any time or from time to time at our option. We may choose to redeem the 2026 Notes from time to time, especially if prevailing interest rates are lower than the rate borne by the 2026 Notes. If prevailing rates are lower at the time of redemption, and we redeem the 2026 Notes, you likely would not be able to reinvest the redemption proceeds in a comparable security at an effective interest rate as high as the interest rate on the 2026 Notes being redeemed. Our redemption right also may adversely impact your ability to sell the 2026 Notes as the optional redemption date or period approaches. We may not be able to repurchase the 2026 Notes upon a Change of Control Repurchase Event. We may not be able to repurchase the 2026 Notes upon certain change in control events described in the indentures under which the 2026 Notes were issued (each, a “Change of Control Repurchase Event”) because we may not have sufficient funds. We would not be able to borrow under our revolving credit facility to finance such a repurchase of the 2026 Notes, and we expect that any future credit facility would have similar limitations. Upon a Change of Control Repurchase Event, holders of the 2026 Notes may require us to repurchase for cash some or all of the 2026 Notes at a repurchase price equal to 100% of the aggregate principal amount of the 2026 Notes being repurchased, plus accrued and unpaid interest to, but not including, the repurchase date. The terms of our revolving credit facility provide that certain change of control events will constitute an event of default thereunder entitling the lenders to accelerate any indebtedness outstanding under our revolving credit facility at that time and to terminate our revolving credit facility. In this regard, the occurrence of a Change of Control Repurchase Event enabling the holders of the 2026 Notes to require the mandatory purchase of the 2026 Notes will constitute an event of default under our revolving credit facility, entitling the lenders to accelerate any indebtedness outstanding under our revolving credit facility at that time and to terminate our revolving credit facility. As a result, we may not be able to comply with our obligations under the Change of Control Repurchase Event provisions of the indenture governing the 2026 Notes unless we were to obtain the consent of the lenders under the revolving credit facility or find another means to do so. Our and our subsidiaries’ future financing facilities may contain similar restrictions and provisions. Our failure to purchase such tendered 2026 Notes upon the occurrence of such Change of Control Repurchase Event would cause an event of default under the indenture governing the 2026 Notes and a cross-default under the agreements governing the revolving credit facility, which may result in the acceleration of such indebtedness requiring us to repay that indebtedness immediately. If the holders of the 2026 Notes exercise their right to require us to repurchase 2026 Notes upon a Change of Control Repurchase Event, the financial effect of this repurchase could cause a default under our current and future debt instruments, and we may not have sufficient funds to repay any such accelerated indebtedness. A downgrade, suspension or withdrawal of the credit rating assigned by a rating agency to us or the 2026 Notes or change in the debt markets could cause the liquidity or market value of the 2026 Notes to decline significantly. Our credit ratings are an assessment by rating agencies of our ability to pay our debts when due. Consequently, real or anticipated changes in our credit ratings will generally affect the market value of the 2026 Notes. These credit ratings may not reflect the potential impact of risks relating to the structure or marketing of the 2026 Notes. Credit ratings are not a recommendation to buy, sell or hold any security, and may be revised or withdrawn at any time by the issuing organization in its sole discretion. Neither we nor any underwriter undertakes any obligation to maintain our credit ratings or to advise holders of 2026 Notes of any changes in our credit ratings. There can be no assurance that our credit ratings will remain for any given period of time or that such credit ratings will not be lowered or withdrawn entirely by the rating agencies if in their judgment future circumstances relating to the basis of the credit ratings, such as adverse changes in our company, so warrant. The conditions of the financial markets and prevailing interest rates have fluctuated in the past and are likely to fluctuate in the future, which could have an adverse effect on the market prices of the Notes. | |||||||||||||||||
General Risk Factors [Member] | ||||||||||||||||||
General Description of Registrant [Abstract] | ||||||||||||||||||
Risk [Text Block] | General Risk Factors We may experience fluctuations in our quarterly operating results. We could experience fluctuations in our quarterly operating results due to a number of factors, including our ability or inability to make investments in companies that meet our investment criteria, the interest rate payable to us on the debt securities we acquire, the default rate on such securities, the level of our expenses, including the cost of our indebtedness, variations in and the timing of the recognition of realized and unrealized gains or losses, the degree to which we encounter competition in our markets and general economic conditions. As a result of these factors, results for any period should not be relied upon as being indicative of performance in future periods. Changes in laws or regulations governing our operations may adversely affect our business or cause us to alter our business strategy. We and our portfolio companies are subject to regulation at the local, state and federal level. These laws and regulations, as well as their interpretation, may change from time to time, including as the result of interpretive guidance or other directives from the U.S. President and others in the executive branch, and new laws, regulations and interpretations may also come into effect, including those governing the types of investments we or our portfolio companies are permitted to make, any of which could have a material adverse effect on our business, and political uncertainty could increase regulatory uncertainty in the near term. The effects of legislative and regulatory proposals directed at the financial services industry or affecting taxation may negatively impact the operations, cash flows or financial condition of us or our portfolio companies, impose additional costs on us or our portfolio companies, intensify the regulatory supervision of us or our portfolio companies or otherwise adversely affect our business or the business of our portfolio companies. In addition, if we do not comply with applicable laws and regulations, we could lose any licenses that we then hold for the conduct of our business and may be subject to civil fines and criminal penalties. Additionally, changes to the laws and regulations governing our operations, including those associated with RICs, may cause us to alter our investment strategy in order to avail ourselves of new or different opportunities or result in the imposition of corporate-level taxes on us. Such changes could result in material differences to the strategies and plans set forth herein and may shift our investment focus from the areas of expertise of MC Advisors to other types of investments in which MC Advisors may have little or no expertise or experience. Any such changes, if they occur, could have a material adverse effect on our results of operations and the value of your investment. Over the last several years, there also has been an increase in regulatory attention to the extension of credit outside of the traditional banking sector, raising the possibility that some portion of the non-bank financial sector will be subject to new regulation. While it cannot be known at this time whether any regulation will be implemented or what form it will take, increased regulation of non-bank credit extension could negatively impact our operations, cash flows or financial condition, impose additional costs on us, intensify the regulatory supervision of us or otherwise adversely affect our business, financial condition and results of operations. Efforts to comply with the Sarbanes-Oxley Act involve significant expenditures, and non-compliance with the Sarbanes-Oxley Act may adversely affect us and the market price of our securities. As a publicly traded company, we incur legal, accounting and other expenses, including costs associated with the periodic reporting requirements applicable to a company whose securities are registered under the Exchange Act, as well as additional corporate governance requirements, including requirements under the Sarbanes-Oxley Act of 2002, or the Sarbanes-Oxley Act, and other rules implemented by the SEC. We are subject to the Sarbanes-Oxley Act, and the related rules and regulations promulgated by the SEC. Under current SEC rules, our management is required to report on its internal controls over financial reporting pursuant to Section 404 of the Sarbanes-Oxley Act and rules and regulations of the SEC thereunder. We are required to review on an annual basis our internal controls over financial reporting, and on a quarterly and annual basis to evaluate and disclose changes in our internal controls over financial reporting. As a result, we expect to continue to incur associated expenses, which may negatively impact our financial performance and our ability to make distributions. This process also will result in a diversion of our management’s time and attention. We cannot be certain as to the timing of completion of our evaluation, testing and remediation actions or the impact of the same on our operations and may not be able to ensure that the process is effective or that the internal controls are or will be effective in a timely manner. There can be no assurance that our quarterly reviews and annual audits will not identify additional material weaknesses. In the event that we are unable to maintain or achieve compliance with the Sarbanes-Oxley Act and related rules, our value and results of operations may be adversely affected. As a result, we expect to incur significant associated expenses, which may negatively impact our financial performance and our ability to make distributions. Terrorist attacks, acts of war, global health emergencies or natural disasters may affect any market for our common stock, impact the businesses in which we invest and harm our business, operating results and financial condition. Terrorist acts, acts of war, including the ongoing conflicts in the Middle East and Europe, global health emergencies, including the COVID-19 pandemic or natural disasters may disrupt our operations, as well as the operations of the businesses in which we invest. Such acts have created, and continue to create, economic and political uncertainties and have contributed to global economic instability. Future terrorist activities, military or security operations, global health emergencies or natural disasters could further weaken the domestic/global economies and create additional uncertainties, which may negatively impact the businesses in which we invest directly or indirectly and, in turn, could have a material adverse impact on our business, operating results and financial condition. Losses from terrorist attacks, global health emergencies and natural disasters are generally uninsurable. The failure in cybersecurity systems, as well as the occurrence of events unanticipated in our disaster recovery systems and management continuity planning, could impair our ability to conduct business effectively. Cybersecurity incidents and cyber-attacks have been occurring globally at a more frequent and severe level, and will likely continue to increase in frequency in the future. The occurrence of a disaster such as a cyber-attack, a natural catastrophe, an industrial accident, a terrorist attack or war, events unanticipated in our disaster recovery systems, or a support failure from external providers, could have an adverse effect on our ability to conduct business and on our results of operations and financial condition, particularly if those events affect our computer-based data processing, transmission, storage, and retrieval systems or destroy data. If a significant number of Monroe Capital employees were unavailable in the event of a disaster, our ability to effectively conduct our business could be severely compromised. We, and our portfolio companies, depend heavily upon computer systems to perform necessary business functions. Despite the implementation of a variety of security measures, computer systems could be subject to cyber-attacks and unauthorized access, such as physical and electronic break-ins or unauthorized tampering. Like other companies, we may experience threats to our data and systems, including malware and computer virus attacks, unauthorized access, system failures and disruptions. If one or more of these events occurs, it could potentially jeopardize the confidential, proprietary and other information processed and stored in, and transmitted through, our computer systems and networks, or otherwise cause interruptions or malfunctions in our operations, which could result in damage to our reputation, financial losses, litigation, increased costs, regulatory penalties and/or customer dissatisfaction or loss. A disaster or a disruption in the infrastructure that supports our business, including a disruption involving electronic communications or other services used by us or third parties with whom we conduct business, or directly affecting our headquarters, could have a material adverse impact on our ability to continue to operate our business without interruption. Our disaster recovery programs may not be sufficient to mitigate the harm that may result from such a disaster or disruption. In addition, insurance and other safeguards might only partially reimburse us for our losses, if at all. Third parties with which we do business may also be sources of cybersecurity or other technological risk. We outsource certain functions and these relationships allow for the storage and processing of our information, as well as client, counterparty, employee, and borrower information. While we engage in actions to reduce our exposure resulting from outsourcing, ongoing threats may result in unauthorized access, loss, exposure, destruction, or other cybersecurity incident that affects our data, resulting in increased costs and other consequences as described above. Moreover, the increased use of mobile and cloud technologies due to the proliferation of remote work resulting from the COVID-19 pandemic could heighten these and other operational risks as certain aspects of the security of such technologies may be complex and unpredictable. Reliance on mobile or cloud technology or any failure by mobile technology and cloud service providers to adequately safeguard their systems and prevent cyber-attacks could disrupt our operations, the operations of a portfolio company or the operations of our or their service providers and result in misappropriation, corruption or loss of personal, confidential or proprietary information or the inability to conduct ordinary business operations. In addition, there is a risk that encryption and other protective measures may be circumvented, particularly to the extent that new computing technologies increase the speed and computing power available. Extended periods of remote working, whether by us or by our service providers, could strain technology resources, introduce operational risks and otherwise heighten the risks described above. Remote working environments may be less secure and more susceptible to hacking attacks, including phishing and social engineering attempts. Accordingly, the risks described above are heightened under current conditions. We have implemented processes, procedures and internal controls to help mitigate cybersecurity risks and cyber intrusions, but these measures, as well as our increased awareness of the nature and extent of a risk of a cyber-incident, do not guarantee that a cyber-incident will not occur and/or that our financial results, operations or confidential information will not be negatively impacted by such an incident. In addition, cybersecurity has become a top priority for regulators around the world, and some jurisdictions have enacted laws requiring companies to notify individuals of data security breaches involving certain types of personal data. Compliance with such laws and regulations may result in cost increases due to system changes and the development of new administrative processes. If we or MC Advisors or certain of its affiliates, fail to comply with the relevant laws and regulations, we could suffer financial losses, a disruption of our businesses, liability to investors, regulatory intervention or reputational damage. A data breach could negatively impact our business and result in significant penalties. MC Advisors is subject to numerous laws in various jurisdictions relating to privacy and the storage, sharing, use, processing, disclosure and protection of information that we and our affiliates hold. The European Union’s (the “EU”) General Data Protection Regulation, the Cayman Islands Data Protection Law, 2017, and the California Consumer Privacy Act of 2018 are recent examples of such laws, and MC Advisors anticipates new privacy and data protection laws will be passed in other jurisdictions in the future. In general, these laws introduce many new obligations on MC Advisors and its affiliates and service providers and create new rights for parties who have given us their personal information, such as investors and others. Breach of these laws could result in significant financial penalties for MC Advisors and/or us. As interpretation of these laws evolves and new laws are passed, MC Advisors could be required to make changes to its business practices, which could result in additional risks, costs and liabilities to us and adversely affect investment returns. While MC Advisors intends to comply with its privacy and data protection obligations under the privacy and data protection laws that are applicable to it, it is possible that MC Advisors will not be able to accurately anticipate the ways in which regulators and courts will apply or interpret these laws. A violation of applicable privacy and data protection law could result in negative publicity and/or subject MC Advisors or us, to significant costs associated with litigation, settlements, regulatory action, judgments, liabilities and/or penalties. | |||||||||||||||||
Revolving Credit Facility One [Member] | ||||||||||||||||||
Financial Highlights [Abstract] | ||||||||||||||||||
Senior Securities Amount | $ 174,100,000 | $ 204,600,000 | $ 174,100,000 | $ 126,559,000 | $ 180,294,000 | $ 136,026,000 | $ 151,045,000 | $ 117,092,000 | $ 129,000,000 | $ 123,700,000 | $ 82,300,000 | |||||||
Senior Securities Coverage per Unit | $ 1,670 | $ 1,673 | $ 1,670 | $ 1,995 | $ 1,862 | $ 2,262 | $ 1,888 | $ 3,380 | $ 2,848 | $ 2,462 | $ 2,547 | |||||||
Capital Stock, Long-Term Debt, and Other Securities [Abstract] | ||||||||||||||||||
Long Term Debt, Title [Text Block] | Revolving Credit Facility | |||||||||||||||||
Long Term Debt, Structuring [Text Block] | Borrowings under the revolving credit facility bear interest, at our election, at an annual rate of SOFR (one-month or three-month at our discretion based on the term of the borrowing) plus 2.625% or at a daily rate equal to 1.625% per annum plus the greater of 1.5%, the prime interest rate, the federal funds rate plus 0.5% or SOFR plus 1.0%, with a SOFR floor of 0.5%. In addition to the stated interest rate on borrowings under the revolving credit facility, we are required to pay a commitment fee and certain conditional fees based on usage of the expanded borrowing base and usage of the asset coverage ratio flexibility. A commitment fee of 0.5% per annum on any unused portion of the revolving credit facility if the utilized portion of the facility is greater than 35% of the then available maximum borrowing or a commitment fee of 1.0% per annum on any unused portion of the revolving credit facility if the utilized portion of the facility is less than or equal to 35% of the then available maximum borrowing. As of December 31, 2023 and 2022, the outstanding borrowings were accruing at a weighted average interest rate of 8.1% and 7.0%, respectively. | |||||||||||||||||
Long Term Debt, Dividends and Covenants [Text Block] | Our ability to borrow under the revolving credit facility is subject to availability under the borrowing base, which permits us to borrow up to 72.5% of the fair market value of our portfolio company investments depending on the type of investment we hold and whether the investment is quoted. Our ability to borrow is also subject to certain concentration limits, and continued compliance with the representations, warranties and covenants given by us under the facility. The revolving credit facility contains certain financial covenants, including, but not limited to, our maintenance of: (1) minimum consolidated total net assets at least equal to $150.0 million plus 65% of the net proceeds to us from sales of our equity securities after March 1, 2019; (2) a ratio of total assets (less total liabilities other than indebtedness) to total indebtedness of not less than 1.5 to 1; and (3) a senior debt coverage ratio of at least 2 to 1. The revolving credit facility also requires us to undertake customary indemnification obligations with respect to ING Capital LLC and other members of the lending group and to reimburse the lenders for expenses associated with entering into the credit facility. The revolving credit facility also has customary provisions regarding events of default, including events of default for nonpayment, change in control transactions at both Monroe Capital Corporation and MC Advisors, failure to comply with financial and negative covenants, and failure to maintain our relationship with MC Advisors. If we incur an event of default under the revolving credit facility and fail to remedy such default under any applicable grace period, if any, then the entire revolving credit facility could become immediately due and payable, which would materially and adversely affect our liquidity, financial condition, results of operations and cash flows. Our revolving credit facility also imposes certain conditions that may limit the amount of our distributions to stockholders. Distributions payable in our common stock under the dividend reinvestment plan (“DRIP”) are not limited by the revolving credit facility. Distributions in cash or property other than common stock are generally limited to 115% of the amount of distributions required to maintain our status as a RIC. | |||||||||||||||||
2023 Notes [Member] | ||||||||||||||||||
Financial Highlights [Abstract] | ||||||||||||||||||
Senior Securities Amount | $ 109,000,000 | $ 109,000,000 | $ 69,000,000 | |||||||||||||||
Senior Securities Coverage per Unit | $ 1,995 | $ 1,862 | $ 2,262 | |||||||||||||||
Senior Securities Average Market Value per Unit | $ 940 | $ 1,005 | $ 986 | |||||||||||||||
Capital Stock, Long-Term Debt, and Other Securities [Abstract] | ||||||||||||||||||
Long Term Debt, Title [Text Block] | 2023 Notes | |||||||||||||||||
2026 Notes [Member] | ||||||||||||||||||
Financial Highlights [Abstract] | ||||||||||||||||||
Senior Securities Amount | $ 130,000,000 | $ 130,000,000 | $ 130,000,000 | $ 130,000,000 | ||||||||||||||
Senior Securities Coverage per Unit | $ 1,670 | $ 1,673 | $ 1,670 | $ 1,888 | ||||||||||||||
Capital Stock, Long-Term Debt, and Other Securities [Abstract] | ||||||||||||||||||
Long Term Debt, Title [Text Block] | 2026 Notes | |||||||||||||||||
Long Term Debt, Structuring [Text Block] | On January 25, 2021, we closed a private offering of $130.0 million in aggregate principal amount of senior unsecured notes (the “2026 Notes”) that mature on February 15, 2026. The 2026 Notes bear interest at an annual rate of 4.75% payable semi-annually on February 15 and August 15. We may redeem the 2026 Notes in whole or in part at any time or from time to time at our option at par plus a “make-whole” premium, if applicable. The 2026 Notes are general, unsecured obligations and rank equal in right of payment with all of our existing and future unsecured indebtedness. | |||||||||||||||||
SBA Debentures [Member] | ||||||||||||||||||
Financial Highlights [Abstract] | ||||||||||||||||||
Senior Securities Amount | $ 1,320,000 | $ 2,535,000 | $ 4,134,000 | |||||||||||||||
Senior Securities Coverage per Unit | $ 2,848 | $ 2,462 | $ 2,547 | |||||||||||||||
Capital Stock, Long-Term Debt, and Other Securities [Abstract] | ||||||||||||||||||
Long Term Debt, Title [Text Block] | SBA Debentures |
Summary of Significant Accoun_2
Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2023 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The accompanying consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”). The accompanying consolidated financial statements of the Company and related financial information have been prepared pursuant to the requirements for reporting on Form 10-K and Articles 6 and 10 of Regulation S-X. The Company has determined it meets the definition of an investment company and follows the accounting and reporting guidance in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 946 – Financial Services – Investment Companies |
Use of Estimates | Use of Estimates The preparation of the consolidated financial statements in conformity with GAAP requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. |
Consolidation | Consolidation |
Fair Value of Financial Instruments | Fair Value of Financial Instruments The Company applies fair value to substantially all of its financial instruments in accordance with ASC Topic 820 — Fair Value Measurements and Disclosures (“ASC Topic 820”). ASC Topic 820 defines fair value, establishes a framework used to measure fair value, and requires disclosures for fair value measurements, including the categorization of financial instruments into a three-level hierarchy based on the transparency of valuation inputs. See Note 4 for further discussion regarding the fair value measurements and hierarchy. ASC Topic 820 requires disclosure of the fair value of financial instruments for which it is practical to estimate such value. The Company believes that the carrying amounts of its other financial instruments such as cash, receivables and payables approximate the fair value of such items due to the short maturity of such instruments. |
Revenue Recognition | Revenue Recognition The Company’s revenue recognition policies are as follows: Investments and related investment income: Interest and dividend income is recorded on the accrual basis to the extent that the Company expects to collect such amounts. Interest income is accrued based upon the outstanding principal amount and contractual terms of debt and preferred equity investments. Interest is accrued on a daily basis. The Company records fees on loans based on the determination of whether the fee is considered a yield enhancement or payment for a service. If the fee is considered a yield enhancement associated with a funding of cash on a loan, the fee is generally deferred and recognized into interest income using the effective interest method if captured in the cost basis or using the straight-line method if the loan is unfunded and therefore there is no cost basis. If the fee is not considered a yield enhancement because a service was provided, and the fee is payment for that service, the fee is deemed earned and recognized as fee income in the period the service has been completed. Dividend income on preferred equity securities is recorded as dividend income on an accrual basis to the extent that such amounts are payable by the portfolio company and are expected to be collected. Dividend income on common equity securities is recorded on the record date for private portfolio companies. Each distribution received from limited liability company (“LLC”) and limited partnership (“LP”) investments is evaluated to determine if the distribution should be recorded as dividend income or a return of capital. Generally, the Company will not record distributions from equity investments in LLCs and LPs as dividend income unless there are sufficient accumulated tax-basis earnings and profits in the LLC or LP prior to the applicable distribution. Distributions that are classified as a return of capital are recorded as a reduction in the cost basis of the investment. For the years ended December 31, 2023, 2022 and 2021, the Company received return of capital distributions from its equity investments of zero, $290 and $1,177, respectively. The Company has certain investments in its portfolio that contain a payment-in-kind (“PIK”) provision, which represents contractual interest or dividends that are added to the principal balance and recorded as income. The Company stops accruing PIK interest or PIK dividends when it is determined that PIK interest or PIK dividends are no longer collectible. To maintain RIC tax treatment, and to avoid incurring corporate U.S. federal income tax, substantially all of this income must be paid out to stockholders in the form of distributions, even though the Company has not yet collected the cash. Loan origination fees, original issue discount and market discount or premiums are capitalized, and the Company then amortizes such amounts using the effective interest method as interest income over the life of the investment. Unamortized discounts and loan origination fees totaled $3,806 and $4,701 as of December 31, 2023 and 2022, respectively. Upfront loan origination and closing fees received for the years ended December 31, 2023, 2022 and 2021 totaled $1,116, $3,475 and $3,752, respectively. Upon the prepayment of a loan or debt security, any unamortized premium or discount or loan origination fees are recorded as interest income. Investment transactions are recorded on a trade-date basis. Realized gains or losses on portfolio investments are calculated based upon the difference between the net proceeds from the disposition and the amortized cost basis of the investment, without regard to unrealized gains or losses previously recognized. Realized gains and losses are recorded within net realized gain (loss) on investments on the consolidated statements of operations. Changes in the fair value of investments from the prior period, as determined through the application of the Company’s valuation policy, are included within net change in unrealized gain (loss) on investments on the consolidated statements of operations. Non-accrual: |
Distributions | Distributions Distributions to common stockholders are recorded on the applicable record date. The amount, if any, to be distributed to common stockholders is determined by the Board each quarter and is generally based upon the Company’s earnings estimated by management. Net realized capital gains, if any, are generally distributed at least annually. The determination of the tax attributes for the Company’s distributions is made annually, based upon its taxable income for the full year and distributions paid for the full year. Ordinary dividend distributions from a RIC do not qualify for the preferential tax rate on qualified 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 capital gains, but may also include qualified dividends or return of capital. |
Segments | Segments In accordance with ASC Topic 280 — Segment Reporting , the Company has determined that it has a single reporting segment and operating unit structure. |
Cash and Cash Equivalents | Cash and Cash Equivalents Cash, including cash denominated in foreign currencies, primarily consists of cash, money market funds and short-term, highly liquid investments with original maturities of three months or less. The Company deposits its cash in a financial institution and, at times, such balances may be in excess of the Federal Deposit Insurance Corporation insurance limits. The Company’s deposits are held in high-quality financial institutions and management believes that risk of loss with any uninsured balance is remote. |
Unamortized Deferred Financing Costs | Unamortized Deferred Financing Costs |
Offering Costs | Offering Costs Offering costs include, among other things, fees paid in relation to legal, accounting, regulatory and printing work completed in preparation of debt and equity offerings. Offering costs from equity offerings are charged against the proceeds from the offering within the consolidated statements of changes in net assets. Offering costs from debt offerings are reclassified to unamortized deferred financing costs on the consolidated statements of assets and liabilities as noted above. As of December 31, 2023 and 2022, other assets on the consolidated statements of assets and liabilities included $262 and $184, respectively, of deferred offering costs, which will be charged against the proceeds from future debt or equity offerings when completed. |
Investments Denominated in Foreign Currency | Investments Denominated in Foreign Currency As of December 31, 2023, the Company held no investments denominated in foreign currency. As of December 31, 2022, the Company held investments in one portfolio company that was denominated in Australian dollars. At each balance sheet date, portfolio company investments denominated in foreign currencies are translated into U.S. dollars using the spot exchange rate on the last business day of the period. Purchases and sales of foreign portfolio company investments, and any income from such investments, are translated into U.S. dollars using the rates of exchange prevailing on the respective dates of such transactions. Although the fair values of foreign portfolio company investments and the fluctuation in such fair values are translated into U.S. dollars using the applicable foreign exchange rates described above, the Company does not isolate the portion of the change in fair value resulting from foreign currency exchange rates fluctuations from the change in fair value of the underlying investment. All fluctuations in fair value are included in net change in unrealized gain (loss) on investments on the Company’s consolidated statements of operations. Investments denominated in foreign currencies and foreign currency transactions may involve certain consideration and risks not typically associated with those of domestic origin, including unanticipated movements in the value of the foreign currency relative to the U.S. dollar. |
Derivative Instruments | Derivative Instruments The Company may enter into foreign currency forward contracts to reduce the Company’s exposure to foreign currency exchange rate fluctuations. In a foreign currency forward contract, the Company agrees to receive or deliver a fixed quantity of one currency for another, at a pre-determined price at a future date. Foreign currency forward contracts are marked-to-market based on the difference between the forward rate and the exchange rate at the current period end. Unrealized gain (loss) on foreign currency forward contracts is recorded on the Company’s consolidated statements of assets and liabilities by counterparty on a net basis. The Company does not utilize hedge accounting and as such values its foreign currency forward contracts at fair value with the change in unrealized gain or loss recorded in net change in unrealized gain (loss) on foreign currency forward contracts and the realized gain or loss recorded in net realized gain (loss) on foreign currency forward contracts on the Company’s consolidated statements of operations. |
Income Taxes | Income Taxes The Company has elected to be treated as a RIC under Subchapter M of the Code and operates in a manner so as to qualify for the tax treatment available to RICs. To maintain qualification as a RIC, the Company must, among other things, meet certain source-of-income and asset diversification requirements and distribute to stockholders, for each taxable year, at least 90% of the Company’s “investment company taxable income,” which is generally the Company’s net ordinary income plus the excess, if any, of realized net short-term capital gains over realized net long-term capital losses. If the Company qualifies as a RIC and satisfies the annual distribution requirement, the Company will not have to pay corporate-level federal income taxes on any income that the Company distributes to its stockholders. The Company intends to make distributions in an amount sufficient to maintain RIC status each year and to avoid any federal income taxes on income. The Company is also subject to nondeductible federal excise taxes if the Company does not distribute at least 98% of net ordinary income, 98.2% of any capital gain net income, if any, and any recognized and undistributed income from prior years for which it paid no federal income taxes. To the extent that the Company determines that its estimated current year annual taxable income may exceed estimated current year dividend distributions, the Company accrues excise tax, calculated as 4% of the estimated excess taxable income, if any, as taxable income is earned. For the years ended December 31, 2023, 2022 and 2021, the Company recorded a net expense (benefit) on the consolidated statements of operations of $485, $94, and $278, respectively, for U.S. federal excise tax. As of December 31, 2023 and 2022, the Company had payables for excise taxes of $247 and $1, respectively, which were included in accounts payable and accrued expenses on the Company’s consolidated statements of assets and liabilities. The Company’s consolidated Taxable Subsidiaries may be subject to U.S. federal and state corporate-level income taxes. For the years ended December 31, 2023, 2022 and 2021, the Company recorded a net tax expense of $321, $1,311 and $4, respectively, on the consolidated statements of operations for these subsidiaries. As of both December 31, 2023 and 2022, the Company did not have any payables for corporate-level income taxes. The Company accounts for income taxes in conformity with ASC Topic 740 — Income Taxes (“ASC Topic 740”). ASC Topic 740 provides guidelines for how uncertain tax positions should be recognized, measured, presented and disclosed in the consolidated financial statements. ASC Topic 740 requires the evaluation of tax positions taken in the course of preparing the Company’s tax returns to determine whether the tax positions are “more-likely-than-not” to be sustained by the applicable tax authority. Tax benefits of positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax expense in the current year. It is the Company’s policy to recognize accrued interest and penalties related to uncertain tax benefits in income tax expense. The Company did not take any material uncertain income tax positions through December 31, 2023. The 2020 through 2023 tax years remain subject to examination by U.S. federal and state tax authorities. |
Subsequent Events | Subsequent Events The Company has evaluated the need for disclosures and/or adjustments resulting from subsequent events through the date the consolidated financial statements were issued. There have been no subsequent events that occurred during such period that would require disclosure in this Form 10-K or would be required to be recognized in the consolidated financial statements as of and for the year ended December 31, 2023, except as disclosed in Note 14. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (“ASU 2020-04”). The amendments in ASU 2020-04 provide optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The standard is effective as of March 12, 2020 through December 31, 2024. The Company did not utilize the optional expedients and exceptions provided by ASU 2020-04 during the year ended December 31, 2023. |
Summary of Significant Accoun_3
Summary of Significant Accounting Policies (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Accounting Policies [Abstract] | |
Schedule of components of the Company's investment income | The components of the Company’s investment income were as follows: For the Years Ended December 31, 2023 2022 2021 Interest income $ 49,779 $ 41,449 $ 35,738 PIK interest income 9,407 6,689 8,320 Dividend income (1) 4,188 4,161 5,712 Fee income (2) (679) 2,380 1,267 Prepayment gain (loss) 553 803 1,691 Accretion of discounts and amortization of premiums 1,049 1,084 1,102 Total investment income $ 64,297 $ 56,566 $ 53,830 ______________________________________________________________ (1) Includes PIK dividends of $477, $475 and $1,164, respectively. (2) Fee income for the year ended December 31, 2023 includes the reversal of $1,559 of previously accrued fee income associated with the Company's former loan investment in IT Global Holding, LLC. |
Investments (Tables)
Investments (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Investments [Abstract] | |
Schedule of composition of the Company's investment portfolio | The following tables show the composition of the Company’s investment portfolio, at amortized cost and fair value (with corresponding percentage of total portfolio investments): December 31, 2023 December 31, 2022 Amortized Cost: Senior secured loans $ 393,723 77.1 % $ 436,066 75.3 % Unitranche secured loans 13,740 2.7 45,352 7.8 Junior secured loans 29,372 5.8 21,141 3.6 LLC equity interest in SLF 42,650 8.3 42,650 7.4 Equity securities 31,391 6.1 34,098 5.9 Total $ 510,876 100.0 % $ 579,307 100.0 % December 31, 2023 December 31, 2022 Fair Value: Senior secured loans $ 388,882 79.6 % $ 434,023 80.2 % Unitranche secured loans 13,877 2.8 20,633 3.8 Junior secured loans 26,594 5.5 22,193 4.1 LLC equity interest in SLF 33,122 6.8 35,509 6.6 Equity securities 25,911 5.3 28,682 5.3 Total $ 488,386 100.0 % $ 541,040 100.0 % The following tables show the composition of the Company’s investment portfolio by geographic region, at amortized cost and fair value (with corresponding percentage of total portfolio investments). The geographic composition is determined by the location of the corporate headquarters of the portfolio company, which may not be indicative of the primary source of the portfolio company’s business: December 31, 2023 December 31, 2022 Amortized Cost: International $ — — % $ 11,860 2.1 % Midwest 158,383 31.0 157,558 27.2 Northeast 108,707 21.3 100,961 17.4 Southeast 134,899 26.4 158,548 27.4 Southwest 25,163 4.9 27,348 4.7 West 83,724 16.4 123,032 21.2 Total $ 510,876 100.0 % $ 579,307 100.0 % December 31, 2023 December 31, 2022 Fair Value: International $ — — % $ 10,405 1.9 % Midwest 135,352 27.7 143,691 26.6 Northeast 110,180 22.6 104,157 19.2 Southeast 130,595 26.8 155,624 28.8 Southwest 25,610 5.2 28,287 5.2 West 86,649 17.7 98,876 18.3 Total $ 488,386 100.0 % $ 541,040 100.0 % The following tables show the composition of the Company’s investment portfolio by industry, at amortized cost and fair value (with corresponding percentage of total portfolio investments): December 31, 2023 December 31, 2022 Amortized Cost: Aerospace & Defense $ 7,784 1.5 % $ 7,461 1.3 % Automotive 19,781 3.9 16,775 2.9 Banking 16,290 3.2 17,790 3.1 Beverage, Food & Tobacco 4,481 0.9 15,625 2.7 Capital Equipment 4,880 1.0 18,615 3.2 Chemicals, Plastics & Rubber 2,934 0.6 2,924 0.5 Construction & Building 8,689 1.7 6,642 1.1 Consumer Goods: Durable 8,295 1.6 9,333 1.6 Consumer Goods: Non-Durable 3,415 0.7 28,276 4.9 Environmental Industries 5,421 1.1 6,164 1.1 FIRE: Finance 14,771 2.9 25,021 4.3 FIRE: Real Estate 87,226 17.1 81,922 14.1 Healthcare & Pharmaceuticals 70,992 13.9 59,659 10.3 High Tech Industries 42,123 8.2 52,385 9.0 Hotels, Gaming & Leisure 111 — 2,702 0.5 Investment Funds & Vehicles 42,650 8.3 42,650 7.4 Media: Advertising, Printing & Publishing 18,267 3.6 17,470 3.0 Media: Broadcasting & Subscription 4,214 0.8 2,747 0.5 Media: Diversified & Production 41,734 8.2 36,018 6.2 Retail 2,443 0.5 9,247 1.6 Services: Business 55,852 10.9 56,249 9.7 Services: Consumer 25,283 4.9 40,086 6.9 Telecommunications 7,262 1.4 7,502 1.3 Wholesale 15,978 3.1 16,044 2.8 Total $ 510,876 100.0 % $ 579,307 100.0 % December 31, 2023 December 31, 2022 Fair Value: Aerospace & Defense $ 7,876 1.6 % $ 7,436 1.4 % Automotive 18,495 3.8 16,637 3.1 Banking 15,385 3.2 19,817 3.7 Beverage, Food & Tobacco 6,098 1.2 12,470 2.3 Capital Equipment 4,893 1.0 19,012 3.5 Chemicals, Plastics & Rubber 3,987 0.8 4,445 0.8 Construction & Building 8,813 1.8 6,706 1.2 Consumer Goods: Durable 8,242 1.7 9,338 1.7 Consumer Goods: Non-Durable 2,387 0.5 3,508 0.6 Environmental Industries 5,896 1.2 6,558 1.2 FIRE: Finance 15,388 3.3 23,892 4.4 FIRE: Real Estate 85,153 17.4 82,498 15.2 Healthcare & Pharmaceuticals 69,354 14.2 59,273 11.0 High Tech Industries 40,723 8.3 52,891 9.8 Hotels, Gaming & Leisure 110 — 2,720 0.5 Investment Funds & Vehicles 33,122 6.8 35,509 6.6 Media: Advertising, Printing & Publishing 20,238 4.1 19,777 3.7 Media: Broadcasting & Subscription 2,217 0.5 2,691 0.5 Media: Diversified & Production 41,897 8.6 36,164 6.7 Retail 1,995 0.4 9,306 1.7 Services: Business 56,655 11.6 57,308 10.6 Services: Consumer 16,772 3.4 31,324 5.8 Telecommunications 7,508 1.5 7,595 1.4 Wholesale 15,182 3.1 14,165 2.6 Total $ 488,386 100.0 % $ 541,040 100.0 % |
Schedule of summarized financial information for SLF | Below is a summary of SLF’s portfolio, followed by a listing of the individual investments in SLF’s portfolio as of December 31, 2023 and 2022: December 31, 2023 December 31, 2022 Senior secured loans (1) 150,674 197,867 Weighted average current interest rate on senior secured loans (2) 10.2 % 9.7 % Number of portfolio company investments in SLF 49 60 Largest portfolio company investment (1) 6,580 6,650 Total of five largest portfolio company investments (1) 26,415 27,026 ______________________________________________________________ (1) Represents outstanding principal amount, excluding unfunded commitments. (2) Computed as the (a) annual stated interest rate on accruing senior secured loans divided by (b) total senior secured loans at outstanding principal amount. Portfolio Company (a) Index (b) Spread (b) Interest Rate (b) Maturity Principal Fair Value Non-Controlled/Non-Affiliate Company Investments Senior Secured Loans Aerospace & Defense Trident Maritime Systems, Inc. SF 5.60 % 10.95 % 2/26/2027 2,414 $ 2,385 Trident Maritime Systems, Inc. SF 5.60 % 10.95 % 2/26/2027 746 737 Trident Maritime Systems, Inc. SF 5.60 % 10.96 % 2/26/2027 188 186 Trident Maritime Systems, Inc. (Revolver) SF 5.60 % 10.96 % 2/26/2027 319 315 3,667 3,623 Automotive Accelerate Auto Works Intermediate, LLC SF 4.90 % 10.29 % 12/1/2027 1,358 1,342 Accelerate Auto Works Intermediate, LLC SF 4.90 % 10.30 % 12/1/2027 388 383 Accelerate Auto Works Intermediate, LLC (Revolver) (d) SF 4.90 % 10.29 % 12/1/2027 132 — Truck-Lite Co., LLC SF 6.35 % 11.71 % 12/14/2026 1,674 1,670 Truck-Lite Co., LLC SF 6.35 % 11.71 % 12/14/2026 248 248 Truck-Lite Co., LLC SF 6.35 % 11.71 % 12/14/2026 42 42 3,842 3,685 Beverage, Food & Tobacco SW Ingredients Holdings, LLC SF 4.75 % 10.21 % 7/3/2025 3,544 3,539 3,544 3,539 Capital Equipment DS Parent, Inc. SF 5.75 % 11.21 % 12/8/2028 2,700 2,706 MacQueen Equipment, LLC SF 5.51 % 10.86 % 1/7/2028 2,075 2,075 MacQueen Equipment, LLC (Delayed Draw) (d) SF 5.51 % 10.86 % 1/7/2028 591 78 MacQueen Equipment, LLC (Revolver) (d) SF 5.51 % 10.86 % 1/7/2028 296 — 5,662 4,859 Chemicals, Plastics & Rubber Phoenix Chemical Holding Company LLC SF 7.11 % 12.47 % 8/2/2024 1,131 1,020 TJC Spartech Acquisition Corp. SF 4.75 % 10.16 % 5/5/2028 4,210 4,063 5,341 5,083 Consumer Goods: Durable Elevate Textiles, Inc. (fka International Textile Group, Inc.) (e) SF 6.65 % 12.04 % 9/30/2027 798 798 Runner Buyer INC. SF 5.61 % 11.00 % 10/23/2028 2,948 2,333 3,746 3,131 Consumer Goods: Non-Durable PH Beauty Holdings III, INC. SF 5.00 % 10.35 % 9/26/2025 2,368 2,253 2,368 2,253 Containers, Packaging & Glass Polychem Acquisition, LLC SF 5.11 % 10.47 % 3/17/2025 2,858 2,855 PVHC Holding Corp SF 5.65 % 11.00% Cash / 0.75% PIK 2/17/2027 1,895 1,895 4,753 4,750 Energy: Oil & Gas Offen, Inc. SF 5.11 % 10.47 % 6/22/2026 2,249 2,249 Offen, Inc. SF 5.11 % 10.47 % 6/22/2026 858 858 3,107 3,107 Portfolio Company (a) Index (b) Spread (b) Interest Rate (b) Maturity Principal Fair Value FIRE: Finance Harbour Benefit Holdings, Inc. SF 5.15 % 10.50 % 12/13/2024 2,854 $ 2,852 Harbour Benefit Holdings, Inc. SF 5.10 % 10.46 % 12/13/2024 61 61 Minotaur Acquisition, Inc. SF 4.85 % 10.21 % 3/27/2026 4,806 4,814 TEAM Public Choices, LLC SF 5.43 % 10.88 % 12/17/2027 2,925 2,908 10,646 10,635 FIRE: Real Estate Avison Young (USA) Inc. (c)(e) SF 6.50 % 11.97 % 1/30/2026 4,775 1,564 4,775 1,564 Healthcare & Pharmaceuticals Cano Health, LLC (e) SF 4.10 % 9.42 % 11/23/2027 1,950 857 HAH Group Holding Company LLC SF 5.00 % 10.46 % 10/29/2027 2,950 2,942 LSCS Holdings, Inc. SF 4.61 % 9.97 % 12/15/2028 1,809 1,786 Natus Medical Incorporated SF 5.50 % 10.85 % 7/20/2029 4,950 4,604 Paragon Healthcare, Inc. SF 5.85 % 11.25 % 1/19/2027 2,105 2,083 Paragon Healthcare, Inc. SF 5.75 % 11.22 % 1/19/2027 363 359 Paragon Healthcare, Inc. (Revolver) (d) SF 5.75 % 11.22 % 1/19/2027 490 — Radiology Partners, Inc. SF 4.68 % 10.18 % 7/9/2025 4,737 3,844 19,354 16,475 High Tech Industries Corel Inc. (c) SF 5.10 % 10.49 % 7/2/2026 3,400 3,323 Lightbox Intermediate, L.P. SF 5.26 % 10.61 % 5/11/2026 4,775 4,632 TGG TS Acquisition Company SF 6.61 % 11.97 % 12/12/2025 2,885 2,791 11,060 10,746 Hotels, Gaming & Leisure Excel Fitness Holdings, Inc. SF 5.40 % 10.75 % 4/27/2029 4,320 4,308 Excel Fitness Holdings, Inc. (Revolver) (d) SF 5.40 % 10.75 % 4/28/2028 625 — North Haven Spartan US Holdco, LLC SF 6.25 % 11.63 % 6/6/2025 2,250 2,241 Tait LLC SF 4.50 % 10.00 % 3/28/2025 4,040 4,026 Tait LLC (Revolver) (d) SF 4.50 % 10.00 % 3/28/2025 769 — 12,004 10,575 Media: Diversified & Production Research Now Group, Inc. and Survey Sampling International, LLC SF 5.76 % 11.14 % 12/20/2024 6,580 4,914 STATS Intermediate Holdings, LLC SF 5.51 % 10.88 % 7/10/2026 4,800 4,684 TA TT Buyer, LLC SF 5.00 % 10.35 % 3/30/2029 3,292 3,275 14,672 12,873 Services: Business CHA Holdings, Inc SF 4.61 % 9.97 % 4/10/2025 1,939 1,908 CHA Holdings, Inc SF 4.61 % 9.97 % 4/10/2025 409 402 Eliassen Group, LLC SF 5.50 % 10.85 % 4/14/2028 3,218 3,152 Eliassen Group, LLC (Delayed Draw) (d) SF 5.50 % 10.86 % 4/14/2028 739 227 Engage2Excel, Inc. SF 7.35 % 12.53 % 7/1/2024 3,918 3,918 Engage2Excel, Inc. SF 7.35 % 12.53 % 7/1/2024 707 707 Engage2Excel, Inc. (Revolver) SF 7.35 % 12.53 % 7/1/2024 550 550 Output Services Group, Inc. (e) SF 6.68 % 12.07 % 11/30/2028 1,042 1,041 Secretariat Advisors LLC SF 5.01 % 10.36 % 12/29/2028 1,676 1,676 Secretariat Advisors LLC SF 5.01 % 10.36 % 12/29/2028 267 267 SIRVA Worldwide Inc. SF 5.76 % 11.15 % 8/4/2025 1,750 1,556 Teneo Holdings LLC SF 5.35 % 10.71 % 7/11/2025 4,787 4,791 21,002 20,195 Portfolio Company (a) Index (b) Spread (b) Interest Rate (b) Maturity Principal Fair Value Services: Consumer 360Holdco, Inc. SF 5.60 % 10.96 % 8/1/2025 2,124 $ 2,124 360Holdco, Inc. SF 5.60 % 10.96 % 8/1/2025 821 821 Laseraway Intermediate Holdings II, LLC SF 5.75 % 11.41 % 10/14/2027 2,178 2,153 McKissock Investment Holdings, LLC SF 5.00 % 10.54 % 3/9/2029 2,456 2,459 7,579 7,557 Telecommunications Intermedia Holdings, Inc. SF 6.11 % 11.47 % 7/21/2025 1,742 1,687 Mavenir Systems, Inc. SF 5.01 % 10.39 % 8/18/2028 1,638 1,159 Sandvine Corporation SF 4.50 % 9.97 % 10/31/2025 1,973 1,598 5,353 4,444 Transportation: Cargo Keystone Purchaser, LLC SF 6.18 % 11.53 % 5/7/2027 4,905 4,868 4,905 4,868 Utilities: Oil & Gas Dresser Utility Solutions, LLC SF 4.10 % 9.46 % 10/1/2025 1,660 1,602 Dresser Utility Solutions, LLC SF 5.35 % 10.71 % 10/1/2025 243 239 1,903 1,841 Wholesale HALO Buyer, Inc. SF 4.60 % 9.96 % 6/30/2025 4,723 3,570 4,723 3,570 Total Non-Controlled/Non-Affiliate Senior Secured Loans 154,006 139,373 Equity Securities (f) (g) Consumer Goods: Durable Elevate Textiles, Inc. (fka International Textile Group, Inc.) (25,524 shares of common units) — — — — 26 103 26 103 Chemicals, Plastics & Rubber Polyventive Lender Holding Company LLC (0.84% of the equity) — — — — — — — — Services: Business Output Services Group, Inc. (51,370 Class A units) — — — — 51 438 51 438 Total Non-Controlled/Non-Affiliate Equities 77 541 TOTAL INVESTMENTS $ 139,914 ______________________________________________________________ (a) All investments are U.S. companies unless otherwise noted. (b) The majority of investments bear interest at a rate that may be determined by reference to the Secured Overnight Financing Rate (“SOFR” or “SF”) or Prime (“P”) which reset daily, monthly, quarterly or semiannually. The Company has provided the spread over SOFR or Prime and the current contractual rate of interest in effect at December 31, 2023. Certain investments may be subject to an interest rate floor or cap. Certain investments contain a PIK provision. (c) This is an international company. (d) All or a portion of this commitment was unfunded as of December 31, 2023. As such, interest is earned only on the funded portion of this commitment. Principal reflects the commitment outstanding. (e) This position was on non-accrual status as of December 31, 2023, meaning that we have ceased accruing interest income on the position. (f) Represents less than 5% ownership of the portfolio company's voting securities. (g) Portfolio Company (a) Index (b) Spread (b) Interest Rate (b) Maturity Principal Fair Value Non-Controlled/Non-Affiliate Company Investments Senior Secured Loans Aerospace & Defense Bromford Industries Limited (c) P 5.25 % 12.75 % 11/5/2025 2,744 $ 2,581 Bromford Industries Limited (c) P 5.25 % 12.75 % 11/5/2025 1,829 1,720 Trident Maritime Systems, Inc. L 4.75 % 9.48 % 2/26/2027 2,445 2,443 Trident Maritime Systems, Inc. L 4.75 % 9.48 % 2/26/2027 746 746 Trident Maritime Systems, Inc. (Revolver) (d) L 4.75 % 9.08 % 2/26/2027 319 122 8,083 7,612 Automotive Accelerate Auto Works Intermediate, LLC L 4.50 % 9.23 % 12/1/2027 1,391 1,386 Accelerate Auto Works Intermediate, LLC (Delayed Draw) (d) L 4.50 % 9.23 % 12/1/2027 388 — Accelerate Auto Works Intermediate, LLC (Revolver) (d) L 4.50 % 9.23 % 12/1/2027 132 — Truck-Lite Co., LLC SF 6.25 % 11.14 % 12/14/2026 1,691 1,690 Truck-Lite Co., LLC SF 6.25 % 11.14 % 12/14/2026 251 250 Truck-Lite Co., LLC SF 6.25 % 11.14 % 12/14/2026 43 43 Wheel Pros, Inc. L 4.50 % 8.82 % 5/11/2028 1,932 1,321 5,828 4,690 Beverage, Food & Tobacco CBC Restaurant Corp. n/a n/a 5.00% PIK (e) n/a 1,066 415 SW Ingredients Holdings, LLC L 4.75 % 9.13 % 7/3/2025 3,581 3,581 4,647 3,996 Capital Equipment Analogic Corporation L 5.25 % 9.66 % 6/24/2024 4,703 4,433 DS Parent, Inc. L 5.75 % 9.92 % 12/8/2028 2,850 2,725 MacQueen Equipment, LLC L 5.25 % 9.98 % 1/7/2028 2,096 2,096 MacQueen Equipment, LLC (Delayed Draw) (d) L 5.25 % 9.98 % 1/7/2028 592 69 MacQueen Equipment, LLC (Revolver) (d) L 5.25 % 9.98 % 1/7/2028 296 — 10,537 9,323 Chemicals, Plastics & Rubber Phoenix Chemical Holding Company LLC (fka Polymer Solutions Group) L 7.00 % 11.39 % 6/15/2023 1,139 1,132 TJC Spartech Acquisition Corp. L 4.75 % 8.53 % 5/5/2028 4,253 4,131 5,392 5,263 Construction & Building The Cook & Boardman Group LLC SF 5.75 % 9.99 % 10/20/2025 2,879 2,458 2,879 2,458 Consumer Goods: Durable International Textile Group, Inc. L 5.00 % 9.21 % 5/1/2024 1,664 1,166 Runner Buyer INC. L 5.50 % 10.23 % 10/23/2028 2,978 2,114 4,642 3,280 Consumer Goods: Non-Durable PH Beauty Holdings III, INC. L 5.00 % 9.73 % 9/26/2025 2,393 1,950 2,393 1,950 Containers, Packaging & Glass Liqui-Box Holdings, Inc. L 4.50 % 9.23 % 2/26/2027 4,225 4,186 Polychem Acquisition, LLC L 5.00 % 9.38 % 3/17/2025 2,888 2,888 PVHC Holding Corp L 4.75 % 9.48 % 8/5/2024 3,184 3,072 10,297 10,146 Portfolio Company (a) Index (b) Spread (b) Interest Rate (b) Maturity Principal Fair Value Energy: Oil & Gas Drilling Info Holdings, Inc. L 4.25 % 8.63 % 7/30/2025 4,469 $ 4,313 Offen, Inc. L 5.00 % 9.38 % 6/22/2026 2,249 2,249 Offen, Inc. L 5.00 % 9.38 % 6/22/2026 867 867 7,585 7,429 FIRE: Finance Harbour Benefit Holdings, Inc. L 5.25 % 9.98 % 12/13/2024 2,901 2,898 Harbour Benefit Holdings, Inc. L 5.25 % 9.63 % 12/13/2024 61 61 Minotaur Acquisition, Inc. SF 4.75 % 9.17 % 3/27/2026 4,857 4,656 TEAM Public Choices, LLC L 5.00 % 9.93 % 12/17/2027 2,955 2,822 10,774 10,437 FIRE: Real Estate Avison Young (USA) Inc. (c) SF 5.75 % 10.19 % 1/30/2026 4,800 4,020 4,800 4,020 Healthcare & Pharmaceuticals Cano Health, LLC SF 4.00 % 8.42 % 11/23/2027 1,970 1,572 HAH Group Holding Company LLC SF 5.00 % 9.43 % 10/29/2027 2,978 2,847 LSCS Holdings, Inc. L 4.50 % 8.88 % 12/15/2028 1,828 1,751 Natus Medical Incorporated SF 5.50 % 8.68 % 7/20/2029 5,000 4,650 Paragon Healthcare, Inc. SF 5.75 % 9.81 % 1/19/2027 2,127 2,109 Paragon Healthcare, Inc. (Delayed Draw) (d) SF 5.75 % 10.06 % 1/19/2027 366 242 Paragon Healthcare, Inc. (Revolver) (d) SF 5.75 % 10.26 % 1/19/2027 490 61 Radiology Partners, Inc. L 4.25 % 8.64 % 7/9/2025 4,760 4,018 19,519 17,250 High Tech Industries Corel Inc. (c) L 5.00 % 9.73 % 7/2/2026 3,600 3,365 Lightbox Intermediate, L.P. L 5.00 % 9.73 % 5/11/2026 4,825 4,656 TGG TS Acquisition Company L 6.50 % 10.88 % 12/12/2025 3,190 3,143 11,615 11,164 Hotels, Gaming & Leisure Excel Fitness Holdings, Inc. SF 5.25 % 10.29 % 4/27/2029 4,364 4,102 Excel Fitness Holdings, Inc. (Revolver) (d) SF 5.25 % 9.67 % 4/28/2028 625 306 North Haven Spartan US Holdco, LLC SF 6.25 % 10.71 % 6/6/2025 2,280 2,202 Tait LLC L 5.00 % 8.75 % 3/28/2025 4,083 3,972 Tait LLC (Revolver) (d) P 4.00 % 10.25 % 3/28/2025 769 — 12,121 10,582 Media: Advertising, Printing & Publishing Cadent, LLC L 6.50 % 11.23 % 9/11/2025 4,237 4,131 Cadent, LLC (Revolver) (d) L 6.50 % 11.23 % 9/11/2025 167 — 4,404 4,131 Media: Diversified & Production Research Now Group, Inc. and Survey Sampling International, LLC L 5.50 % 8.84 % 12/20/2024 6,650 5,035 STATS Intermediate Holdings, LLC L 5.25 % 9.90 % 7/10/2026 4,850 4,498 TA TT Buyer, LLC SF 5.00 % 8.98 % 3/30/2029 3,325 3,242 14,825 12,775 Portfolio Company (a) Index (b) Spread (b) Interest Rate (b) Maturity Principal Fair Value Services: Business AQ Carver Buyer, Inc. L 5.00 % 9.38 % 9/23/2025 4,838 $ 4,834 CHA Holdings, Inc L 4.50 % 9.23 % 4/10/2025 1,960 1,886 CHA Holdings, Inc L 4.50 % 9.23 % 4/10/2025 413 398 Eliassen Group, LLC SF 5.50 % 10.08 % 4/14/2028 3,251 3,194 Eliassen Group, LLC (Delayed Draw) (d) SF 5.50 % 8.88 % 4/14/2028 740 109 Engage2Excel, Inc. L 7.25 % 11.98 % 3/7/2023 4,283 4,242 Engage2Excel, Inc. L 7.25 % 11.98 % 3/7/2023 773 766 Engage2Excel, Inc. (Revolver) (d) P 6.25 % 13.75 % 3/7/2023 554 509 Orbit Purchaser LLC L 4.50 % 9.23 % 10/21/2024 2,406 2,190 Orbit Purchaser LLC L 4.50 % 9.23 % 10/21/2024 1,858 1,691 Orbit Purchaser LLC L 4.50 % 9.23 % 10/21/2024 543 494 Output Services Group, Inc. SF 6.75 % 9.80% Cash / 1.50% PIK 6/29/2026 4,807 3,275 Secretariat Advisors LLC L 4.75 % 9.48 % 12/29/2028 1,693 1,634 Secretariat Advisors LLC L 4.75 % 9.48 % 12/29/2028 270 260 SIRVA Worldwide Inc. L 5.50 % 10.23 % 8/4/2025 1,800 1,606 Teneo Holdings LLC SF 5.25 % 9.67 % 7/11/2025 4,837 4,668 The Kleinfelder Group, Inc. L 5.25 % 9.98 % 11/29/2024 2,362 2,362 37,388 34,118 Services: Consumer 360Holdco, Inc. SF 5.00 % 9.42 % 8/2/2025 2,145 2,145 360Holdco, Inc. (Delayed Draw) (d) SF 5.00 % 9.42 % 8/2/2025 827 252 Laseraway Intermediate Holdings II, LLC L 5.75 % 9.76 % 10/14/2027 2,200 2,161 McKissock Investment Holdings, LLC SF 5.00 % 8.87 % 3/9/2029 2,481 2,322 7,653 6,880 Telecommunications Intermedia Holdings, Inc. L 6.00 % 10.38 % 7/21/2025 1,760 1,360 Mavenir Systems, Inc. L 4.75 % 9.42 % 8/18/2028 1,654 1,350 Sandvine Corporation L 4.50 % 8.88 % 10/31/2025 2,000 1,904 5,414 4,614 Transportation: Cargo Keystone Purchaser, LLC L 5.50 % 10.60 % 5/7/2027 4,955 4,955 4,955 4,955 Utilities: Oil & Gas Dresser Utility Solutions, LLC (fka NGS US Finco, LLC) L 4.25 % 8.63 % 10/1/2025 1,678 1,619 Dresser Utility Solutions, LLC (fka NGS US Finco, LLC) L 5.25 % 9.63 % 10/1/2025 245 239 1,923 1,858 Wholesale HALO Buyer, Inc. L 4.50 % 8.88 % 6/30/2025 4,774 4,219 4,774 4,219 TOTAL INVESTMENTS $ 183,150 ______________________________________________________________ (a) All investments are U.S. companies unless otherwise noted. (b) The majority of investments bear interest at a rate that may be determined by reference to the London Interbank Offered Rate (“LIBOR” or “L”), Secured Overnight Financing Rate (“SOFR” or “SF”) or Prime (“P”) which reset daily, monthly, quarterly or semiannually. The Company has provided the spread over LIBOR, SOFR or Prime and the current contractual rate of interest in effect at December 31, 2022. Certain investments may be subject to an interest rate floor or cap. Certain investments contain a PIK provision. (c) This is an international company. (d) All or a portion of this commitment was unfunded as of December 31, 2022. As such, interest is earned only on the funded portion of this commitment. Principal reflects the commitment outstanding. (e) This position was on non-accrual status as of December 31, 2022, meaning that the Company has ceased accruing interest income on the position. (f) This is a demand note with no stated maturity. Below is certain summarized financial information for SLF as of December 31, 2023 and 2022 and for the years ended December 31, 2023, 2022 and 2021: December 31, 2023 December 31, 2022 Assets Investments, at fair value $ 139,914 $ 183,150 Cash and cash equivalents 1,884 1,608 Restricted cash and cash equivalents 5,265 6,454 Interest receivable 1,380 1,613 Other assets 6 5 Total assets $ 148,449 $ 192,830 Liabilities Revolving credit facility 82,014 122,215 Less: Unamortized deferred financing costs (717) (1,518) Total debt, less unamortized deferred financing costs 81,297 120,697 Interest payable 590 769 Accounts payable and accrued expenses 320 346 Total liabilities 82,207 121,812 Members’ capital 66,242 71,018 Total liabilities and members’ capital $ 148,449 $ 192,830 For the Years Ended December 31, 2023 2022 2021 Investment income: Interest income $ 18,362 $ 15,400 $ 13,164 Total investment income 18,362 15,400 13,164 Expenses: Interest and other debt financing expenses 8,847 6,009 3,918 Professional fees 757 814 647 Total expenses 9,604 6,823 4,565 Net investment income 8,758 8,577 8,599 Net gain (loss): Net realized gain (loss) (5,119) (3,089) — Net change in unrealized gain (loss) (1,216) (10,520) 3,734 Net gain (loss) (6,335) (13,609) 3,734 Net increase (decrease) in members’ capital $ 2,423 $ (5,032) $ 12,333 |
Fair Value Measurements (Tables
Fair Value Measurements (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Fair Value Disclosures [Abstract] | |
Schedule of fair value measurements of investments and foreign currency forward contracts, by major class according to the fair value hierarchy | The following tables present fair value measurements of investments and foreign currency forward contracts, by major class according to the fair value hierarchy: Fair Value Measurements December 31, 2023 Level 1 Level 2 Level 3 Total Investments: Senior secured loans $ — $ — $ 388,882 $ 388,882 Unitranche secured loans — — 13,877 13,877 Junior secured loans — — 26,594 26,594 Equity securities 257 — 25,654 25,911 Investments measured at NAV (1) (2) — — — 33,122 Total investments $ 257 $ — $ 455,007 $ 488,386 Fair Value Measurements December 31, 2022 Level 1 Level 2 Level 3 Total Investments: Senior secured loans $ — $ — $ 434,023 $ 434,023 Unitranche secured loans — — 20,633 20,633 Junior secured loans — — 22,193 22,193 Equity securities 294 — 28,388 28,682 Investments measured at NAV (1) (2) — — — 35,509 Total investments $ 294 $ — $ 505,237 $ 541,040 Foreign currency forward contracts asset (liability) $ — $ 1,507 $ — $ 1,507 ______________________________________________________________ (1) Certain investments that are measured at fair value using the NAV have not been categorized in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented on the consolidated statements of assets and liabilities. (2) Represents the Company’s investment in LLC equity interests in SLF. The fair value of this investment has been determined using the NAV of the Company’s ownership interest in SLF’s members’ capital. |
Schedule of reconciliation of the beginning and ending balances for investments at fair value that use Level 3 inputs | The following tables provide a reconciliation of the beginning and ending balances for investments at fair value that use Level 3 inputs for the years ended December 31, 2023 and 2022: Investments Senior Unitranche Junior Equity Total Level 3 Balance as of December 31, 2022 $ 434,023 $ 20,633 $ 22,193 $ 28,388 $ 505,237 Net realized gain (loss) on investments (9,788) (24,768) — (4,179) (38,735) Net change in unrealized gain (loss) on investments (3,896) 24,856 (2,730) (28) 18,202 Purchases of investments and other adjustments to cost (1) 65,977 514 5,465 1,400 73,356 Proceeds from principal payments and sales of investments (2) (91,375) (7,358) (2,913) (1,407) (103,053) Reclassifications (3) (6,059) — 4,579 1,480 — Balance as of December 31, 2023 $ 388,882 $ 13,877 $ 26,594 $ 25,654 $ 455,007 Investments Senior Unitranche Junior Equity Total Level 3 Balance as of December 31, 2021 $ 423,700 $ 51,494 $ 14,364 $ 29,969 $ 519,527 Net realized gain (loss) on investments (1,082) (94) (1) 47 (1,130) Net change in unrealized gain (loss) on investments (10,140) (5,238) 1,003 (2,544) (16,919) Purchases of investments and other adjustments to cost (1) 130,155 3,319 6,827 1,254 141,555 Proceeds from principal payments and sales of investments (2) (108,610) (28,848) — (338) (137,796) Balance as of December 31, 2022 $ 434,023 $ 20,633 $ 22,193 $ 28,388 $ 505,237 _____________________________________________________________ (1) Includes purchases of new investments, effects of refinancing and restructurings, premium and discount accretion and amortization and PIK interest. (2) Represents net proceeds from investments sold and principal paydowns received. (3) Represents non-cash reclassification of investment type due to a restructuring. |
Schedule of valuation techniques and significant unobservable inputs used in recurring Level 3 fair value measurements of assets | The valuation techniques and significant unobservable inputs used in recurring Level 3 fair value measurements of assets as of December 31, 2023 were as follows: Fair Value Valuation Technique Unobservable Weighted Average Mean Range Minimum Maximum Assets: Senior secured loans $ 238,481 Discounted cash flow EBITDA multiples 10.5x 5.0x 22.2x Market yields 13.2% 9.0% 24.5% Senior secured loans 112,213 Discounted cash flow Revenue multiples 5.6x 0.9x 11.8x Market yields 11.9% 9.0% 16.6% Senior secured loans 17,839 Enterprise value Book value multiples 1.3x 1.3x 1.3x Senior secured loans 8,352 Liquidation Probability weighting of alternative outcomes 91.7% 32.4% 95.0% Senior secured loans 7,054 Enterprise value Revenue multiples 2.5x 1.6x 2.5x Senior secured loans 4,322 Enterprise value EBITDA multiples 7.3x 5.3x 8.3x Unitranche secured loans 10,126 Discounted cash flow Market yields 11.9% 11.9% 11.9% Unitranche secured loans 3,751 Discounted cash flow Revenue multiples 9.0x 6.0x 12.8x Market yields 12.4% 11.9% 12.7% Junior secured loans 20,661 Discounted cash flow Market yields 13.1% 12.4% 15.6% Junior secured loans 2,340 Enterprise value Revenue multiples 1.6x 1.6x 1.6x Junior secured loans 2,174 Liquidation Probability weighting of alternative outcomes 260.8% —% 260.8% Junior secured loans 1,419 Discounted cash flow Revenue multiples 0.4x 0.2x 0.9x Market yields 14.2% 13.3% 16.2% Equity securities 18,994 Enterprise value EBITDA multiples 8.8x 4.9x 20.5x Equity securities 2,701 Enterprise value Revenue multiples 3.7x 0.9x 11.8x Equity securities 2,160 Option pricing model Volatility 59.0% 35.0% 70.0% Equity securities 1,380 Discounted cash flow EBITDA multiples 6.0x 6.0x 6.0x Market yields 19.0% 16.3% 27.5% Total Level 3 Assets $ 453,967 (1) _____________________________________________________________ (1) Excludes investments of $1,040 at fair value where valuation (unadjusted) is obtained from a third-party pricing service or broker quote for which such disclosure is not required. The valuation techniques and significant unobservable inputs used in recurring Level 3 fair value measurements of assets as of December 31, 2022 were as follows: Fair Value Valuation Technique Unobservable Weighted Average Mean Range Minimum Maximum Assets: Senior secured loans $ 276,433 Discounted cash flow EBITDA multiples 9.3x 3.8x 18.6x Market yields 12.4% 8.7% 22.3% Senior secured loans 130,199 Discounted cash flow Revenue multiples 4.4x 0.2x 12.3x Market yields 13.4% 10.0% 22.0% Senior secured loans 19,546 Enterprise value Book value multiples 1.2x 1.2x 1.2x Senior secured loans 5,706 Enterprise value Revenue multiples 2.5x 2.5x 2.5x Senior secured loans 1,488 Liquidation Probability weighting of alternative outcomes 71.3% 29.1% 100.0% Senior secured loans 80 Enterprise value EBITDA multiples 8.0x 8.0x 8.0x Unitranche secured loans 17,019 Discounted cash flow EBITDA multiples 8.8x 8.8x 8.8x Market yields 11.2% 9.1% 13.0% Unitranche secured loans 3,614 Discounted cash flow Revenue multiples 8.9x 5.8x 12.5x Market yields 11.9% 11.6% 12.1% Junior secured loans 20,311 Discounted cash flow Market yields 13.6% 12.3% 20.4% Junior secured loans 1,882 Liquidation Probability weighting of alternative outcomes 225.8% 225.8% 225.8% Equity securities 16,630 Enterprise value EBITDA multiples 9.0x 3.8x 16.0x Equity securities 7,502 Enterprise value Revenue multiples 2.3x 0.2x 12.3x Equity securities 2,173 Option pricing model Volatility 66.6% 49.4% 70.0% Equity securities 397 Discounted cash flow EBITDA multiples 7.0x 7.0x 7.0x Total Level 3 Assets $ 502,980 (1) _____________________________________________________________ (1) Excludes investments of $2,257 at fair value where valuation (unadjusted) is obtained from a third-party pricing service or broker quote for which such disclosure is not required. |
Transactions with Affiliated _2
Transactions with Affiliated Companies (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Investments in and Advances to Affiliates [Abstract] | |
Schedule of transactions with affiliated companies | Transactions related to the Company’s investments with affiliates for the years ended December 31, 2023 and 2022 were as follows: Fair value at Transfers Purchases Sales and PIK Discount Net realized Net Fair value at Non-Controlled affiliate company investments: American Community Homes, Inc. $ 8,953 $ — $ — $ — $ 1,401 $ — $ — $ (2,244) $ 8,110 American Community Homes, Inc. 4,258 — — — 875 — — (1,143) 3,990 American Community Homes, Inc. 543 — — — 84 — — (136) 491 American Community Homes, Inc. 1,996 — — — 312 — — (500) 1,808 American Community Homes, Inc. 3,694 — — — 579 — — (926) 3,347 American Community Homes, Inc. 17 — — — 3 — — (4) 16 American Community Homes, Inc. 85 — — — 14 — — (22) 77 American Community Homes, Inc. (Revolver) — — — — — — — — — American Community Homes, Inc. (4,940 shares of common stock) (1) — — — — — — — — — 19,546 — — — 3,268 — — (4,975) 17,839 Ascent Midco, LLC 6,217 — — (6,175) — 16 — (58) — Ascent Midco, LLC (Revolver) — — — — — — — — — Ascent Midco, LLC (2,032,258 Class A units) 1,969 — — — — — — (37) 1,932 8,186 — — (6,175) — 16 — (95) 1,932 C Parent Holdings, LLC. 146 — — — — — — (146) — C Parent Holdings, LLC. (58,779 shares of common stock) (2) — — — — — — — — — 146 — — — — — — (146) — Familia Dental Group Holdings, LLC (1,230 Class A units) 2,625 — 183 — — — — (582) 2,226 2,625 — 183 — — — — (582) 2,226 HFZ Capital Group LLC 16,159 — — — — — — 1,074 17,233 HFZ Capital Group LLC 5,805 — — — — — — 386 6,191 MC Asset Management (Corporate), LLC 8,421 — — — 1,816 — — — 10,237 MC Asset Management (Corporate), LLC 1,000 — 1,586 — 465 — — — 3,051 MC Asset Management (Corporate), LLC (15.9% interest) 1,291 — — — — — — (246) 1,045 32,676 — 1,586 — 2,281 — — 1,214 37,757 Mnine Holdings, Inc. — — 105 (52) 2 — — — 55 Mnine Holdings, Inc. 5,492 — — — 775 14 — (94) 6,187 Mnine Holdings, Inc. — — — — — — — — — Mnine Holdings, Inc. (Revolver) 214 — 441 — 11 — — (8) 658 Mnine Holdings, Inc. (6,400 Class B units) — — — — — — — — — 5,706 — 546 (52) 788 14 — (102) 6,900 NECB Collections, LLC (Revolver) 382 — — — — — — 42 424 NECB Collections, LLC, LLC (20.8% of units) — — — — — — — — — 382 — — — — — — 42 424 Second Avenue SFR Holdings II LLC (Revolver) (3) 4,755 — — (1,462) — — — 30 3,323 4,755 — — (1,462) — — — 30 3,323 SFR Holdco, LLC (Junior secured loan) 5,850 — — — — — — (311) 5,539 SFR Holdco, LLC (24.4% of interests) 3,900 — — — — — — 472 4,372 9,750 — — — — — — 161 9,911 TJ Management HoldCo LLC (Revolver) 80 — — (80) — — — — — TJ Management HoldCo LLC (16 shares of common stock) 2,766 — — — — — — 463 3,229 2,846 — — (80) — — — 463 3,229 Total non-controlled affiliate company investments $ 86,618 $ — $ 2,315 $ (7,769) $ 6,337 $ 30 $ — $ (3,990) $ 83,541 Controlled affiliate company investments: MRCC Senior Loan Fund I, LLC $ 35,509 $ — $ — $ — $ — $ — $ — $ (2,387) $ 33,122 $ 35,509 $ — $ — $ — $ — $ — $ — $ (2,387) $ 33,122 Total Controlled affiliate company investments $ 35,509 $ — $ — $ — $ — $ — $ — $ (2,387) $ 33,122 Fair value at December 31, 2021 Transfers Purchases Sales and PIK Discount Net realized Net Fair value at December 31, 2022 Non-Controlled affiliate company investments: American Community Homes, Inc. $ 10,457 $ — $ — $ — $ 789 $ — $ — $ (2,293) $ 8,953 American Community Homes, Inc. 4,753 — — — 595 — — (1,090) 4,258 American Community Homes, Inc. 634 — — — 48 — — (139) 543 American Community Homes, Inc. 3,164 — — — 176 — — (1,344) 1,996 American Community Homes, Inc. 4,357 — — — 325 — — (988) 3,694 American Community Homes, Inc. 20 — — — 2 — — (5) 17 American Community Homes, Inc. 99 — — — 7 — — (21) 85 American Community Homes, Inc. (Revolver) — — — — — — — — — American Community Homes, Inc. (4,940 shares of common stock) (1) — — — — — — — — — American Community Homes, Inc. (warrant to purchase up to 22.3% of the equity) (1) 264 — — — — — — (264) — 23,748 — — — 1,942 — — (6,144) 19,546 Ascent Midco, LLC 6,392 — — (174) — 25 — (26) 6,217 Ascent Midco, LLC (Revolver) — — — — — — — — — Ascent Midco, LLC (2,032,258 Class A units) 2,554 — — — — — — (585) 1,969 8,946 — — (174) — 25 — (611) 8,186 C Parent Holdings, LLC. (fka Curion Holdings, LLC) 4,561 — — (4,497) — — — 82 146 C Parent Holdings, LLC. (fka Curion Holdings, LLC) (Revolver) 550 — 92 (620) — — — (22) — C Parent Holdings, LLC. (fka Curion Holdings, LLC) (Junior secured loan) — — — — — — (1) 1 — C Parent Holdings, LLC. (fka Curion Holdings, LLC) (Junior secured loan) — — — — — — — — — C Parent Holdings, LLC. (fka Curion Holdings, LLC) (58,779 shares of common stock) (2) — — — — — — — — — 5,111 — 92 (5,117) — — (1) 61 146 Familia Dental Group Holdings, LLC (1,176 Class A units) 1,919 — 245 — — — — 461 2,625 1,919 — 245 — — — — 461 2,625 HFZ Capital Group, LLC 15,084 — — — — — — 1,075 16,159 HFZ Capital Group, LLC 5,420 — — — — — — 385 5,805 MC Asset Management (Corporate), LLC 7,154 — — — 1,267 — — — 8,421 MC Asset Management (Corporate), LLC (Delayed Draw) 850 — — — 150 — — — 1,000 MC Asset Management (Corporate), LLC (15.9% interest) 644 — — — — — — 647 1,291 29,152 — — — 1,417 — — 2,107 32,676 Mnine Holdings, Inc. 5,771 — — (22) 320 14 — (591) 5,492 Mnine Holdings, Inc. (Revolver) — — 587 (374) 1 — — — 214 Mnine Holdings, Inc. (6,400 Class B units) — — — — — — — — — 5,771 — 587 (396) 321 14 — (591) 5,706 NECB Collections, LLC (Revolver) 632 — — — — — — (250) 382 NECB Collections, LLC, LLC (20.8% of units) — — — — — — — — — 632 — — — — — — (250) 382 Second Avenue SFR Holdings II LLC (Revolver) (3) 2,104 — 2,681 — — — — (30) 4,755 2,104 — 2,681 — — — — (30) 4,755 SFR Holdings, LLC (Junior secured loan) 5,850 — — — — — — — 5,850 SFR Holding, LLC (24.4% of interests) 3,900 — — — — — — — 3,900 9,750 — — — — — — — 9,750 TJ Management HoldCo, LLC (Revolver) — — 80 — — — — — 80 TJ Management HoldCo, LLC (16 shares of common stock) 3,148 — — — — — — (382) 2,766 3,148 — 80 — — — — (382) 2,846 Total non-controlled affiliate company investments $ 90,281 $ — $ 3,685 $ (5,687) $ 3,680 $ 39 $ (1) $ (5,379) $ 86,618 Controlled affiliate company investments: MRCC Senior Loan Fund I, LLC $ 41,125 $ — $ 500 $ — $ — $ — $ — $ (6,116) $ 35,509 41,125 — 500 — — — — (6,116) 35,509 Total Controlled affiliate company investments $ 41,125 $ — $ 500 $ — $ — $ — $ — $ (6,116) $ 35,509 ______________________________________________________________ (1) On December 29, 2022, the Company exercised the American Community Homes, Inc. (“ACH”) warrants held by the Company. The Company acquired 4,940 shares of ACH’s common stock, or 22.3% of the equity, in exchange for a nominal exercise price in accordance with the terms of the warrant. (2) During the year ended December 31, 2022, C Parent Holdings, LLC (fka Curion Holdings, LLC) (“Curion”) sold the underlying operating company and repaid the Company’s debt investment. The remaining fair value at December 31, 2022 represented the remaining expected escrow proceeds associated with the sale. During 2023, all expected proceeds associated with the sale were received. The Company no longer holds an equity investment in Curion as of December 31, 2023. (3) Second Avenue SFR Holdings II LLC is a related entity to SFR Holdco, LLC and is being presented as a non-controlled affiliate for that reason. For the Years Ended December 31, 2023 2022 Portfolio Company Interest Dividend Fee Income Interest Dividend Fee Income Non-controlled affiliate company investments: American Community Homes, Inc. $ 1,401 $ — $ — $ 1,209 $ — $ — American Community Homes, Inc. 872 — — 791 — — American Community Homes, Inc. 86 — — 73 — — American Community Homes, Inc. 312 — — 270 — — American Community Homes, Inc. 578 — — 499 — — American Community Homes, Inc. 4 — — 3 — — American Community Homes, Inc. 13 — — 11 — — American Community Homes, Inc. (Revolver) 4 — — 21 — — American Community Homes, Inc. (Common stock) — — — — — — 3,270 — — 2,877 — — Ascent Midco, LLC 384 — — 516 — — Ascent Midco, LLC (Revolver) 2 — — 4 — — Ascent Midco, LLC (Class A units) — 204 — — 189 — 386 204 — 520 189 — C Parent Holdings, LLC. 172 — — 1,766 — — C Parent Holdings, LLC. (Revolver) — — — 294 — — C Parent Holdings, LLC. (Common stock) — — — — — — 172 — — 2,060 — — Familia Dental Group Holdings, LLC (Class A units) — — — — — — — — — — — — HFZ Capital Group, LLC 2,348 — — 1,977 — — HFZ Capital Group, LLC 844 — — 710 — — MC Asset Management (Corporate), LLC 1,950 — — 1,369 — — MC Asset Management (Corporate), LLC (Delayed Draw) 576 — — 162 — — MC Asset Management (Corporate), LLC (LLC interest) — — — — — — 5,718 — — 4,218 — — Mnine Holdings, Inc. 819 — — 787 — — Mnine Holdings, Inc. — — — — — — Mnine Holdings, Inc. (Revolver) 70 — — 9 — — Mnine Holdings, Inc. (Class B units) — — — — — — 889 — — 796 — — NECB Collections, LLC (Revolver) 2 — — — — — NECB Collections, LLC (LLC units) — — — — — — 2 — — — — — Second Avenue SFR Holdings II LLC (Revolver) 557 — — 312 — — 557 — — 312 — — SFR Holdco, LLC (Junior secured loan) 468 — — 468 — — SFR Holdco, LLC (LLC interest) — — — — — — 468 — — 468 — — TJ Management HoldCo, LLC (Revolver) 15 — — 14 — — TJ Management HoldCo, LLC (Common stock) — 79 — — — — 15 79 — 14 — — Total non-controlled affiliate company investments $ 11,477 $ 283 $ — $ 11,265 $ 189 $ — Controlled affiliate company investments: MRCC Senior Loan Fund I, LLC $ — $ 3,600 $ — $ — $ 3,600 $ — — 3,600 — — 3,600 — Total controlled affiliate company investments $ — $ 3,600 $ — $ — $ 3,600 $ — |
Transactions with Related Par_2
Transactions with Related Parties (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Related Party Transactions [Abstract] | |
Schedule of composition of the Company's incentive fees | The composition of the Company’s incentive fees was as follows: For the Years Ended December 31, 2023 2022 2021 Part one incentive fees (1) $ 5,812 $ 4,127 $ 3,690 Part two incentive fees (2) — — — Incentive fees, excluding the impact of the incentive fee waiver 5,812 4,127 3,690 Incentive fee waiver (3) — (525) (1,484) Total incentive fees, net of incentive fee waiver $ 5,812 $ 3,602 $ 2,206 ______________________________________________________________ (1) Based on pre-incentive fee net investment income. (2) Based upon net realized and unrealized gains and losses, or capital gains. The Company accrues, but does not pay, a capital gains incentive fee in connection with any unrealized capital appreciation, as appropriate. If, on a cumulative basis, the sum of net realized gain (loss) plus net unrealized gain (loss) decreases during a period, the Company will reverse any excess capital gains incentive fee previously accrued such that the amount of capital gains incentive fee accrued is no more than 20% of the sum of net realized gain (loss) plus net unrealized gain (loss). (3) Represents part one incentive fees waived by MC Advisors. |
Borrowings (Tables)
Borrowings (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Debt Disclosure [Abstract] | |
Schedule of components of the Company's interest expense and other debt financing expenses, average debt outstanding balances and average stated interest rates | The components of the Company’s interest expense and other debt financing expenses, average debt outstanding balances and average stated interest rates (i.e. the rate in effect plus spread) were as follows: For the Years Ended December 31, 2023 2022 2021 Interest expense - revolving credit facility $ 15,319 $ 8,442 $ 4,593 Interest expense - 2023 Notes — — 837 Interest expense - 2026 Notes 6,220 6,220 5,763 Interest expense - SBA debentures — 292 2,676 Amortization of deferred financing costs 1,308 2,126 2,205 Total interest and other debt financing expenses $ 22,847 $ 17,080 $ 16,074 Average debt outstanding $ 318,884 $ 314,053 $ 332,034 Average stated interest rate 6.7% 4.7% 4.1% |
Derivative Instruments (Tables)
Derivative Instruments (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Schedule of information related to foreign currency forward contracts | Certain information related to the Company's foreign currency forward contracts is presented below as of December 31, 2022. As of December 31, 2022 Description Notional Amount Settlement Gross Gross Balance Sheet location of Net Amounts Foreign currency forward contract AUD 153 1/18/2023 $ 14 $ — Unrealized gain on foreign currency forward contracts Foreign currency forward contract AUD 140 2/16/2023 13 — Unrealized gain on foreign currency forward contracts Foreign currency forward contract AUD 132 3/16/2023 12 — Unrealized gain on foreign currency forward contracts Foreign currency forward contract AUD 160 4/20/2023 14 — Unrealized gain on foreign currency forward contracts Foreign currency forward contract AUD 121 5/16/2023 11 — Unrealized gain on foreign currency forward contracts Foreign currency forward contract AUD 156 6/19/2023 14 — Unrealized gain on foreign currency forward contracts Foreign currency forward contract AUD 138 7/18/2023 12 — Unrealized gain on foreign currency forward contracts Foreign currency forward contract AUD 146 8/16/2023 13 — Unrealized gain on foreign currency forward contracts Foreign currency forward contract AUD 146 9/18/2023 13 — Unrealized gain on foreign currency forward contracts Foreign currency forward contract AUD 148 10/18/2023 13 — Unrealized gain on foreign currency forward contracts Foreign currency forward contract AUD 140 11/16/2023 12 — Unrealized gain on foreign currency forward contracts Foreign currency forward contract AUD 142 12/18/2023 12 — Unrealized gain on foreign currency forward contracts Foreign currency forward contract AUD 150 1/17/2024 13 — Unrealized gain on foreign currency forward contracts Foreign currency forward contract AUD 143 2/16/2024 12 — Unrealized gain on foreign currency forward contracts Foreign currency forward contract AUD 15,410 3/18/2024 1,329 — Unrealized gain on foreign currency forward contracts $ 1,507 $ — |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Income Tax Disclosure [Abstract] | |
Schedule of permanent differences were reclassified for tax purposes | The following permanent differences were reclassified for tax purposes: For the Years Ended December 31, 2023 2022 2021 Increase (decrease) in capital in excess of par value $ (573) $ 13 $ (301) Increase (decrease) in accumulated undistributed (overdistributed) earnings 573 (13) 301 |
Schedule of reconciliation of net increase in net assets resulting from operations to taxable income | The following table reconciles net increase in net assets resulting from operations to taxable income: For the Years Ended December 31, 2023 2022 2021 Net increase (decrease) in net assets resulting from operations $ 371 $ (2,786) $ 32,459 Net change in unrealized (gain) loss for book but not tax (14,270) 22,892 (36,108) Other realized gain (loss) for tax but not book (275) — — Other income (loss) for tax but not book (3,877) (579) (961) Other deductions for book in excess of deductions for tax — — — Expenses not currently deductible 806 1,405 282 Net capital loss carryforward 41,602 2,674 20,040 Taxable Income before deductions for distributions $ 24,357 $ 23,606 $ 15,712 |
Schedule of tax character of distributions paid | For income tax purposes, distributions paid to stockholders are reported as ordinary income, return of capital, long term capital gains or a combination thereof. The following table provides the tax character of distributions paid: For the Years Ended December 31, 2023 2022 2021 Ordinary income $ 21,666 $ 21,666 $ 21,514 Long-term capital gains — — — Total $ 21,666 $ 21,666 $ 21,514 |
Distributions (Tables)
Distributions (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Dividends [Abstract] | |
Schedule of distributions declared | The Company’s distributions are recorded on the record date. The following table summarizes distributions declared during the years ended December 31, 2023, 2022 and 2021: Date Record Payment Amount Cash DRIP DRIP DRIP Shares Cost of Year ended December 31, 2023: March 1, 2023 March 15, 2023 March 31, 2023 $ 0.25 $ 5,417 — $ — 10,380 $ 81 June 2, 2023 June 15, 2023 June 30, 2023 0.25 5,417 — — 9,045 73 September 1, 2023 September 15, 2023 September 29, 2023 0.25 5,417 — — 16,514 123 December 1, 2023 December 15, 2023 December 29, 2023 0.25 5,415 — — 1,074 12 Total distributions declared $ 1.00 $ 21,666 — $ — 37,013 $ 289 Year ended December 31, 2022: March 2, 2022 March 16, 2022 March 31, 2022 $ 0.25 $ 5,417 — $ — 25,229 $ 276 June 1, 2022 June 15, 2022 June 30, 2022 0.25 5,416 — — 29,655 280 September 1, 2022 September 15, 2022 September 30, 2022 0.25 5,416 — — 20,789 164 December 5, 2022 December 15, 2022 December 30, 2022 0.25 5,417 — — 17,017 149 Total distributions declared $ 1.00 $ 21,666 — $ — 92,690 $ 869 Year ended December 31, 2021: March 2, 2021 March 16, 2021 March 31, 2021 $ 0.25 $ 5,326 — $ — 35,611 $ 364 June 2, 2021 June 16, 2021 June 30, 2021 0.25 5,386 — — 31,277 343 September 2, 2021 September 16, 2021 September 30, 2021 0.25 5,386 — — 35,623 369 December 2, 2021 December 16, 2021 December 31, 2021 0.25 5,416 — — 27,905 315 Total distributions declared $ 1.00 $ 21,514 — $ — 130,416 $ 1,391 |
Financial Highlights (Tables)
Financial Highlights (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Investment Company, Financial Highlights [Abstract] | |
Schedule of financial highlights and supplemental ratios | The financial highlights for the Company are as follows: For the Years Ended December 31, 2023 2022 2021 2020 2019 Per share data: Net asset value at beginning of year $ 10.39 $ 11.51 $ 11.00 $ 12.20 $ 12.66 Net investment income (1) 1.07 1.02 1.03 1.45 1.42 Net gain (loss) (1) (1.05) (1.15) 0.48 (1.37) (0.48) Net increase (decrease) in net assets resulting from operations (1) 0.02 (0.13) 1.51 0.08 0.94 Stockholder distributions – income (1.00) (1.00) (1.00) (1.10) (1.40) Stockholder distributions – capital gains — — — — — Stockholder distributions – return of capital — — — — — Effect of share issuance above (below) NAV (2) — — — (0.18) — Effect of share repurchases (2) — — — — — Other (2) (0.01) 0.01 — — — Net asset value at end of year $ 9.40 $ 10.39 $ 11.51 $ 11.00 $ 12.20 Net assets at end of year $ 203,724 $ 225,019 $ 249,471 $ 234,434 $ 249,357 Shares outstanding at end of year 21,666,340 21,666,340 21,666,340 21,303,540 20,444,564 Per share market value at end of year $ 7.07 $ 8.54 $ 11.22 $ 8.03 $ 10.86 Total return based on market value (3) (6.85) % (15.20) % 53.26 % (13.86) % 27.68 % Total return based on average net asset value (4) 0.17 % (1.18 %) 13.40 % 0.72 % 7.53 % Ratio/Supplemental data: (5) Ratio of net investment income to average net assets 10.84 % 9.42 % 9.15 % 13.32 % 11.38 % Ratio of total expenses, net of base management fee and incentive fee waivers, to average net assets 19.14 % 14.60 % 13.07 % 13.68 % 15.35 % Portfolio turnover 12.12 % 24.93 % 41.80 % 25.24 % 27.18 % For the Years Ended December 31, 2018 2017 2016 2015 2014 Per share data: Net asset value at beginning of year $ 13.77 $ 14.52 $ 14.19 $ 14.05 $ 13.92 Net investment income (1) 1.57 1.40 1.55 1.60 1.57 Net gain (loss) (1) (1.28) (0.75) 0.13 (0.07) (0.12) Net increase (decrease) in net assets from operations (1) 0.29 0.65 1.68 1.53 1.45 Stockholder distributions – income (1.40) (1.37) (1.40) (1.37) (1.36) Stockholder distributions – capital gains — (0.03) — (0.03) — Stockholder distributions – return of capital — — — — — Effect of share issuance above (below) NAV (2) — — 0.05 — — Effect of share repurchases (2) — — — — 0.04 Other (2) — — — 0.01 — Net asset value at end of year $ 12.66 $ 13.77 $ 14.52 $ 14.19 $ 14.05 Net assets at end of year $ 258,767 $ 278,699 $ 240,850 $ 184,535 $ 133,738 Shares outstanding at end of year 20,444,564 20,239,957 16,581,869 13,008,007 9,517,910 Per share market value at end of year $ 9.60 $ 13.75 $ 15.38 $ 13.09 $ 14.46 Total return based on market value (3) (21.74) % (1.82) % 28.95 % (0.21) % 30.67 % Total return based on average net asset value (4) 2.17 % 4.58 % 11.70 % 11.04 % 10.34 % Ratio/Supplemental data: (5) Ratio of net investment income to average net assets 11.85 % 9.80 % 10.81 % 11.56 % 11.20 % Ratio of total expenses, net of base management fee and incentive fee waivers, to average net assets 9.84 % 9.46 % 10.81 % 11.20 % 11.03 % Portfolio turnover 31.53 % 39.39 % 22.41 % 30.70 % 47.03 % ______________________________________________________________ (1) Calculated using the weighted average shares outstanding during the years presented. (2) Includes the effect of share issuances above (below) net asset value and the impact of different share amounts used in calculating per share data as a result of calculating certain per share data based on weighted average shares outstanding during the period and certain per share data based on shares outstanding as of a period end or transaction date. (3) Total return based on market value is calculated assuming a purchase of common shares at the market value on the first day and a sale at the market value on the last day of the periods reported. Distributions, if any, are assumed for purposes of this calculation to be reinvested at prices obtained under the Company’s DRIP. Total return based on market value does not reflect brokerage commissions. (4) Total return based on average net asset value is calculated by dividing the net increase (decrease) in net assets resulting from operations by the average net asset value. (5) The following is a schedule of supplemental ratios for the years presented. For the Years Ended December 31, 2023 2022 2021 2020 2019 Ratio of total investment income to average net assets 29.98 % 24.02 % 22.22 % 27.00 % 26.73 % Ratio of interest and other debt financing expenses to average net assets 10.65 % 7.25 % 6.63 % 7.89 % 7.95 % Ratio of total expenses (without base management fee waivers and incentive fees) to average net assets 16.43 % 13.09 % 12.16 % 13.86 % 13.61 % Ratio of incentive fees, net of incentive fee waivers, to average net assets (6) 2.71 % 1.53 % 0.91 % 0.00 % 1.74 % For the Years Ended December 31, 2018 2017 2016 2015 2014 Ratio of total investment income to average net assets 21.69 % 19.26 % 21.62 % 22.76 % 22.23 % Ratio of interest and other debt financing expenses to average net assets 4.56 % 3.13 % 3.26 % 3.33 % 3.23 % Ratio of total expenses (without base management fee waivers and incentive fees) to average net assets 9.19 % 7.43 % 8.17 % 8.31 % 8.42 % Ratio of incentive fees, net of incentive fee waivers, to average net assets (6) 0.65 % 2.03 % 2.64 % 2.89 % 2.61 % ______________________________________________________________ (6) The ratio of waived incentive fees to average net assets was zero, 0.22%, 0.61%, 0.31%, 0.46%, zero, 0.12%, 0.13%, zero and zero for the years presented. |
Summary of Significant Accoun_4
Summary of Significant Accounting Policies - Revenue Recognition (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Accounting Policies [Abstract] | |||
Return of capital distributions | $ 0 | $ 290 | $ 1,177 |
Unamortized discounts and loan origination fees | 3,806 | 4,701 | |
Upfront loan origination and closing fees received | $ 1,116 | $ 3,475 | $ 3,752 |
Summary of Significant Accoun_5
Summary of Significant Accounting Policies - Components of the Company's investment income (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Accounting Policies [Abstract] | |||
Interest Income | $ 49,779 | $ 41,449 | $ 35,738 |
Payment-in-kind interest income | 9,407 | 6,689 | 8,320 |
Dividend income | 4,188 | 4,161 | 5,712 |
Fee income | (679) | ||
Fee income | 2,380 | 1,267 | |
Prepayment gain (loss) | 553 | 803 | 1,691 |
Accretion of discounts and amortization of premiums | 1,049 | 1,084 | 1,102 |
Total investment income | 64,297 | 56,566 | 53,830 |
PIK dividends | 477 | 475 | $ 1,164 |
Reversal of previously accrued fee income, associated with IT Global Holding, LLC. | 1,559 | ||
Fair value of the Company's investments on non-accrual status | $ 7,456 | $ 2,835 |
Summary of Significant Accoun_6
Summary of Significant Accounting Policies - Additional Information (Details) | 1 Months Ended | 12 Months Ended | ||
Oct. 31, 2012 | Dec. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) investment | Dec. 31, 2021 USD ($) | |
Accounting Policies [Abstract] | ||||
Threshold minimum number of days for cash dividend to get automatically reinvested | 3 days | |||
Unamortized deferred financing costs | $ 3,235,000 | $ 4,486,000 | ||
Amortization of deferred financing costs | 1,308,000 | 2,126,000 | $ 2,205,000 | |
Deferred offering costs | $ 262,000 | $ 184,000 | ||
Number of investments held in portfolio company that was denominated in Australian dollars | investment | 1 | |||
Excise tax accrued (in percent) | 4% | |||
Net expense (benefit) for U.S. federal excise tax | $ 485,000 | $ 94,000 | 278,000 | |
Payables for excise taxes | 247,000 | 1,000 | ||
U.S. federal and state corporate-level income taxes, Net tax expense | 321,000 | 1,311,000 | $ 4,000 | |
U.S. federal and state corporate-level income taxes, Payables | $ 0 | $ 0 |
Investments - Composition of th
Investments - Composition of the Company's investment portfolio, at amortized cost and fair value (with corresponding percentage of total portfolio investments) (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2023 | Dec. 31, 2022 | |||
Investments | ||||
Amortized cost | $ 510,876 | [1] | $ 579,307 | [2] |
Investments, at fair value | $ 488,386 | [1],[3] | $ 541,040 | [2],[4] |
Investment Owned, At Cost | Investment Type Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 100% | 100% | ||
Investment Owned, At Fair Value | Investment Type Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 100% | 100% | ||
Senior secured loans | ||||
Investments | ||||
Amortized cost | $ 393,723 | $ 436,066 | ||
Investments, at fair value | $ 388,882 | $ 434,023 | ||
Senior secured loans | Investment Owned, At Cost | Investment Type Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 77.10% | 75.30% | ||
Senior secured loans | Investment Owned, At Fair Value | Investment Type Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 79.60% | 80.20% | ||
Unitranche secured loans | ||||
Investments | ||||
Amortized cost | $ 13,740 | $ 45,352 | ||
Investments, at fair value | $ 13,877 | $ 20,633 | ||
Unitranche secured loans | Investment Owned, At Cost | Investment Type Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 2.70% | 7.80% | ||
Unitranche secured loans | Investment Owned, At Fair Value | Investment Type Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 2.80% | 3.80% | ||
Junior secured loans | ||||
Investments | ||||
Amortized cost | $ 29,372 | $ 21,141 | ||
Investments, at fair value | $ 26,594 | $ 22,193 | ||
Junior secured loans | Investment Owned, At Cost | Investment Type Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 5.80% | 3.60% | ||
Junior secured loans | Investment Owned, At Fair Value | Investment Type Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 5.50% | 4.10% | ||
LLC equity interest in SLF | ||||
Investments | ||||
Amortized cost | $ 42,650 | $ 42,650 | ||
Investments, at fair value | $ 33,122 | $ 35,509 | ||
LLC equity interest in SLF | Investment Owned, At Cost | Investment Type Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 8.30% | 7.40% | ||
LLC equity interest in SLF | Investment Owned, At Fair Value | Investment Type Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 6.80% | 6.60% | ||
Equity securities | ||||
Investments | ||||
Amortized cost | $ 31,391 | $ 34,098 | ||
Investments, at fair value | $ 25,911 | $ 28,682 | ||
Equity securities | Investment Owned, At Cost | Investment Type Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 6.10% | 5.90% | ||
Equity securities | Investment Owned, At Fair Value | Investment Type Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 5.30% | 5.30% | ||
[1]All of the Company's investments are issued by eligible portfolio companies, as defined in the Investment Company Act of 1940 (the “1940 Act”), unless otherwise noted. All of the Company's investments are issued by U.S. portfolio companies unless otherwise noted.[2] All of the Company's investments are issued by eligible portfolio companies, as defined in the Investment Company Act of 1940 (the “1940 Act”), unless otherwise noted. All of the Company's investments are issued by U.S. portfolio companies unless otherwise noted. Because there is no readily available market value for these investments, the fair value of these investments is determined in good faith using significant unobservable inputs by the Valuation Designee. (See Note 4 in the accompanying notes to the consolidated financial statements.) |
Investments - Composition of _2
Investments - Composition of the Company's investment portfolio by geographic region, at amortized cost and fair value (with corresponding percentage of total portfolio investments) (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2023 | Dec. 31, 2022 | |||
Investments | ||||
Amortized cost | $ 510,876 | [1] | $ 579,307 | [2] |
Investments, at fair value | $ 488,386 | [1],[3] | $ 541,040 | [2],[4] |
Investment Owned, At Cost | Geographic Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 100% | 100% | ||
Investment Owned, At Fair Value | Geographic Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 100% | 100% | ||
International | ||||
Investments | ||||
Amortized cost | $ 0 | $ 11,860 | ||
Investments, at fair value | $ 0 | $ 10,405 | ||
International | Investment Owned, At Cost | Geographic Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 0% | 2.10% | ||
International | Investment Owned, At Fair Value | Geographic Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 0% | 1.90% | ||
Midwest | ||||
Investments | ||||
Amortized cost | $ 158,383 | $ 157,558 | ||
Investments, at fair value | $ 135,352 | $ 143,691 | ||
Midwest | Investment Owned, At Cost | Geographic Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 31% | 27.20% | ||
Midwest | Investment Owned, At Fair Value | Geographic Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 27.70% | 26.60% | ||
Northeast | ||||
Investments | ||||
Amortized cost | $ 108,707 | $ 100,961 | ||
Investments, at fair value | $ 110,180 | $ 104,157 | ||
Northeast | Investment Owned, At Cost | Geographic Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 21.30% | 17.40% | ||
Northeast | Investment Owned, At Fair Value | Geographic Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 22.60% | 19.20% | ||
Southeast | ||||
Investments | ||||
Amortized cost | $ 134,899 | $ 158,548 | ||
Investments, at fair value | $ 130,595 | $ 155,624 | ||
Southeast | Investment Owned, At Cost | Geographic Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 26.40% | 27.40% | ||
Southeast | Investment Owned, At Fair Value | Geographic Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 26.80% | 28.80% | ||
Southwest | ||||
Investments | ||||
Amortized cost | $ 25,163 | $ 27,348 | ||
Investments, at fair value | $ 25,610 | $ 28,287 | ||
Southwest | Investment Owned, At Cost | Geographic Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 4.90% | 4.70% | ||
Southwest | Investment Owned, At Fair Value | Geographic Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 5.20% | 5.20% | ||
West | ||||
Investments | ||||
Amortized cost | $ 83,724 | $ 123,032 | ||
Investments, at fair value | $ 86,649 | $ 98,876 | ||
West | Investment Owned, At Cost | Geographic Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 16.40% | 21.20% | ||
West | Investment Owned, At Fair Value | Geographic Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 17.70% | 18.30% | ||
[1]All of the Company's investments are issued by eligible portfolio companies, as defined in the Investment Company Act of 1940 (the “1940 Act”), unless otherwise noted. All of the Company's investments are issued by U.S. portfolio companies unless otherwise noted.[2] All of the Company's investments are issued by eligible portfolio companies, as defined in the Investment Company Act of 1940 (the “1940 Act”), unless otherwise noted. All of the Company's investments are issued by U.S. portfolio companies unless otherwise noted. Because there is no readily available market value for these investments, the fair value of these investments is determined in good faith using significant unobservable inputs by the Valuation Designee. (See Note 4 in the accompanying notes to the consolidated financial statements.) |
Investments - Composition of _3
Investments - Composition of the Company's investment portfolio by industry, at amortized cost and fair value (with corresponding percentage of total portfolio investments) (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2023 | Dec. 31, 2022 | |||
Investments | ||||
Amortized cost | $ 510,876 | [1] | $ 579,307 | [2] |
Investments, at fair value | $ 488,386 | [1],[3] | $ 541,040 | [2],[4] |
Investment Owned, At Cost | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 100% | 100% | ||
Investment Owned, At Fair Value | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 100% | 100% | ||
Aerospace & Defense | ||||
Investments | ||||
Amortized cost | $ 7,784 | $ 7,461 | ||
Investments, at fair value | $ 7,876 | $ 7,436 | ||
Aerospace & Defense | Investment Owned, At Cost | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 1.50% | 1.30% | ||
Aerospace & Defense | Investment Owned, At Fair Value | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 1.60% | 1.40% | ||
Automotive | ||||
Investments | ||||
Amortized cost | $ 19,781 | $ 16,775 | ||
Investments, at fair value | $ 18,495 | $ 16,637 | ||
Automotive | Investment Owned, At Cost | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 3.90% | 2.90% | ||
Automotive | Investment Owned, At Fair Value | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 3.80% | 3.10% | ||
Banking | ||||
Investments | ||||
Amortized cost | $ 16,290 | $ 17,790 | ||
Investments, at fair value | $ 15,385 | $ 19,817 | ||
Banking | Investment Owned, At Cost | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 3.20% | 3.10% | ||
Banking | Investment Owned, At Fair Value | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 3.20% | 3.70% | ||
Beverage, Food & Tobacco | ||||
Investments | ||||
Amortized cost | $ 4,481 | $ 15,625 | ||
Investments, at fair value | $ 6,098 | $ 12,470 | ||
Beverage, Food & Tobacco | Investment Owned, At Cost | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 0.90% | 2.70% | ||
Beverage, Food & Tobacco | Investment Owned, At Fair Value | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 1.20% | 2.30% | ||
Capital Equipment | ||||
Investments | ||||
Amortized cost | $ 4,880 | $ 18,615 | ||
Investments, at fair value | $ 4,893 | $ 19,012 | ||
Capital Equipment | Investment Owned, At Cost | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 1% | 3.20% | ||
Capital Equipment | Investment Owned, At Fair Value | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 1% | 3.50% | ||
Chemicals, Plastics & Rubber | ||||
Investments | ||||
Amortized cost | $ 2,934 | $ 2,924 | ||
Investments, at fair value | $ 3,987 | $ 4,445 | ||
Chemicals, Plastics & Rubber | Investment Owned, At Cost | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 0.60% | 0.50% | ||
Chemicals, Plastics & Rubber | Investment Owned, At Fair Value | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 0.80% | 0.80% | ||
Construction & Building | ||||
Investments | ||||
Amortized cost | $ 8,689 | $ 6,642 | ||
Investments, at fair value | $ 8,813 | $ 6,706 | ||
Construction & Building | Investment Owned, At Cost | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 1.70% | 1.10% | ||
Construction & Building | Investment Owned, At Fair Value | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 1.80% | 1.20% | ||
Consumer Goods: Durable | ||||
Investments | ||||
Amortized cost | $ 8,295 | $ 9,333 | ||
Investments, at fair value | $ 8,242 | $ 9,338 | ||
Consumer Goods: Durable | Investment Owned, At Cost | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 1.60% | 1.60% | ||
Consumer Goods: Durable | Investment Owned, At Fair Value | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 1.70% | 1.70% | ||
Consumer Goods: Non-Durable | ||||
Investments | ||||
Amortized cost | $ 3,415 | $ 28,276 | ||
Investments, at fair value | $ 2,387 | $ 3,508 | ||
Consumer Goods: Non-Durable | Investment Owned, At Cost | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 0.70% | 4.90% | ||
Consumer Goods: Non-Durable | Investment Owned, At Fair Value | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 0.50% | 0.60% | ||
Environmental Industries | ||||
Investments | ||||
Amortized cost | $ 5,421 | $ 6,164 | ||
Investments, at fair value | $ 5,896 | $ 6,558 | ||
Environmental Industries | Investment Owned, At Cost | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 1.10% | 1.10% | ||
Environmental Industries | Investment Owned, At Fair Value | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 1.20% | 1.20% | ||
FIRE: Finance | ||||
Investments | ||||
Amortized cost | $ 14,771 | $ 25,021 | ||
Investments, at fair value | $ 15,388 | $ 23,892 | ||
FIRE: Finance | Investment Owned, At Cost | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 2.90% | 4.30% | ||
FIRE: Finance | Investment Owned, At Fair Value | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 3.30% | 4.40% | ||
FIRE: Real Estate | ||||
Investments | ||||
Amortized cost | $ 87,226 | $ 81,922 | ||
Investments, at fair value | $ 85,153 | $ 82,498 | ||
FIRE: Real Estate | Investment Owned, At Cost | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 17.10% | 14.10% | ||
FIRE: Real Estate | Investment Owned, At Fair Value | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 17.40% | 15.20% | ||
Healthcare & Pharmaceuticals | ||||
Investments | ||||
Amortized cost | $ 70,992 | $ 59,659 | ||
Investments, at fair value | $ 69,354 | $ 59,273 | ||
Healthcare & Pharmaceuticals | Investment Owned, At Cost | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 13.90% | 10.30% | ||
Healthcare & Pharmaceuticals | Investment Owned, At Fair Value | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 14.20% | 11% | ||
High Tech Industries | ||||
Investments | ||||
Amortized cost | $ 42,123 | $ 52,385 | ||
Investments, at fair value | $ 40,723 | $ 52,891 | ||
High Tech Industries | Investment Owned, At Cost | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 8.20% | 9% | ||
High Tech Industries | Investment Owned, At Fair Value | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 8.30% | 9.80% | ||
Hotels, Gaming & Leisure | ||||
Investments | ||||
Amortized cost | $ 111 | $ 2,702 | ||
Investments, at fair value | $ 110 | $ 2,720 | ||
Hotels, Gaming & Leisure | Investment Owned, At Cost | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 0% | 0.50% | ||
Hotels, Gaming & Leisure | Investment Owned, At Fair Value | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 0% | 0.50% | ||
Investment Funds & Vehicles | ||||
Investments | ||||
Amortized cost | $ 42,650 | $ 42,650 | ||
Investments, at fair value | $ 33,122 | $ 35,509 | ||
Investment Funds & Vehicles | Investment Owned, At Cost | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 8.30% | 7.40% | ||
Investment Funds & Vehicles | Investment Owned, At Fair Value | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 6.80% | 6.60% | ||
Media: Advertising, Printing & Publishing | ||||
Investments | ||||
Amortized cost | $ 18,267 | $ 17,470 | ||
Investments, at fair value | $ 20,238 | $ 19,777 | ||
Media: Advertising, Printing & Publishing | Investment Owned, At Cost | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 3.60% | 3% | ||
Media: Advertising, Printing & Publishing | Investment Owned, At Fair Value | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 4.10% | 3.70% | ||
Media: Broadcasting & Subscription | ||||
Investments | ||||
Amortized cost | $ 4,214 | $ 2,747 | ||
Investments, at fair value | $ 2,217 | $ 2,691 | ||
Media: Broadcasting & Subscription | Investment Owned, At Cost | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 0.80% | 0.50% | ||
Media: Broadcasting & Subscription | Investment Owned, At Fair Value | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 0.50% | 0.50% | ||
Media: Diversified & Production | ||||
Investments | ||||
Amortized cost | $ 41,734 | $ 36,018 | ||
Investments, at fair value | $ 41,897 | $ 36,164 | ||
Media: Diversified & Production | Investment Owned, At Cost | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 8.20% | 6.20% | ||
Media: Diversified & Production | Investment Owned, At Fair Value | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 8.60% | 6.70% | ||
Retail | ||||
Investments | ||||
Amortized cost | $ 2,443 | $ 9,247 | ||
Investments, at fair value | $ 1,995 | $ 9,306 | ||
Retail | Investment Owned, At Cost | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 0.50% | 1.60% | ||
Retail | Investment Owned, At Fair Value | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 0.40% | 1.70% | ||
Services: Business | ||||
Investments | ||||
Amortized cost | $ 55,852 | $ 56,249 | ||
Investments, at fair value | $ 56,655 | $ 57,308 | ||
Services: Business | Investment Owned, At Cost | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 10.90% | 9.70% | ||
Services: Business | Investment Owned, At Fair Value | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 11.60% | 10.60% | ||
Services: Consumer | ||||
Investments | ||||
Amortized cost | $ 25,283 | $ 40,086 | ||
Investments, at fair value | $ 16,772 | $ 31,324 | ||
Services: Consumer | Investment Owned, At Cost | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 4.90% | 6.90% | ||
Services: Consumer | Investment Owned, At Fair Value | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 3.40% | 5.80% | ||
Telecommunications | ||||
Investments | ||||
Amortized cost | $ 7,262 | $ 7,502 | ||
Investments, at fair value | $ 7,508 | $ 7,595 | ||
Telecommunications | Investment Owned, At Cost | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 1.40% | 1.30% | ||
Telecommunications | Investment Owned, At Fair Value | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 1.50% | 1.40% | ||
Wholesale | ||||
Investments | ||||
Amortized cost | $ 15,978 | $ 16,044 | ||
Investments, at fair value | $ 15,182 | $ 14,165 | ||
Wholesale | Investment Owned, At Cost | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 3.10% | 2.80% | ||
Wholesale | Investment Owned, At Fair Value | Investment Portfolio By Industry Concentration Risk | ||||
Investments | ||||
Concentration risk, percentage | 3.10% | 2.60% | ||
[1]All of the Company's investments are issued by eligible portfolio companies, as defined in the Investment Company Act of 1940 (the “1940 Act”), unless otherwise noted. All of the Company's investments are issued by U.S. portfolio companies unless otherwise noted.[2] All of the Company's investments are issued by eligible portfolio companies, as defined in the Investment Company Act of 1940 (the “1940 Act”), unless otherwise noted. All of the Company's investments are issued by U.S. portfolio companies unless otherwise noted. Because there is no readily available market value for these investments, the fair value of these investments is determined in good faith using significant unobservable inputs by the Valuation Designee. (See Note 4 in the accompanying notes to the consolidated financial statements.) |
Investments - MRCC Senior Loan
Investments - MRCC Senior Loan Fund I, LLC (Details) $ in Thousands | 12 Months Ended | ||||||
Dec. 31, 2023 USD ($) investment company | Dec. 31, 2022 USD ($) company investment | Dec. 31, 2021 USD ($) | Jun. 09, 2023 USD ($) | ||||
Investments | |||||||
Dividend income | $ 4,188 | $ 4,161 | $ 5,712 | ||||
Outstanding commitments to fund investments under undrawn revolvers and delayed draw commitments | 37,182 | 63,450 | |||||
Investment, Identifier [Axis]: ASG II, LLC, Unitranche Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 1,900 | $ 1,900 | |||||
Weighted average current interest rate | 11.78% | 10.67% | |||||
Investment, Identifier [Axis]: ASG II, LLC, Unitranche Secured Loans, Delayed Draw | |||||||
Investments | |||||||
Senior secured loans | $ 285 | [1],[2] | $ 285 | [3],[4] | |||
Weighted average current interest rate | 11.78% | [1],[2] | 10.67% | [3],[4] | |||
Investment, Identifier [Axis]: Amelia Holding II, LLC , Senior Secured Loans, Delayed Draw | |||||||
Investments | |||||||
Senior secured loans | [1],[2] | $ 668 | |||||
Investment, Identifier [Axis]: Amelia Holding II, LLC, Equity Securities, Warrant | |||||||
Investments | |||||||
Percentage of equity interest | 0.10% | ||||||
Investment, Identifier [Axis]: Amelia Holding II, LLC, Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | 2,021 | $ 2,000 | |||||
Investment, Identifier [Axis]: Amelia Holding II, LLC, Senior Secured Loans, Delayed Draw | |||||||
Investments | |||||||
Senior secured loans | [3],[4] | 667 | |||||
Investment, Identifier [Axis]: Amelia Holding II, LLC, Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | 133 | [1] | 133 | [3] | |||
Investment, Identifier [Axis]: American Broadband and Telecommunications Company LLC, Senior Secured Loans, Delayed Draw | |||||||
Investments | |||||||
Senior secured loans | 1,377 | [1],[2] | 1,689 | [3],[4] | |||
Investment, Identifier [Axis]: American Broadband and Telecommunications Company LLC, Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | 500 | [1] | 500 | [3] | |||
Investment, Identifier [Axis]: American Community Homes, Inc. , Senior Secured Loans3 | |||||||
Investments | |||||||
Senior secured loans | 682 | ||||||
Investment, Identifier [Axis]: American Community Homes, Inc. 1 | |||||||
Investments | |||||||
Dividend income | 0 | 0 | |||||
Investment, Identifier [Axis]: American Community Homes, Inc. 2 | |||||||
Investments | |||||||
Dividend income | 0 | 0 | |||||
Investment, Identifier [Axis]: American Community Homes, Inc. 3 | |||||||
Investments | |||||||
Dividend income | 0 | 0 | |||||
Investment, Identifier [Axis]: American Community Homes, Inc. 4 | |||||||
Investments | |||||||
Dividend income | 0 | 0 | |||||
Investment, Identifier [Axis]: American Community Homes, Inc. 5 | |||||||
Investments | |||||||
Dividend income | 0 | 0 | |||||
Investment, Identifier [Axis]: American Community Homes, Inc. 6 | |||||||
Investments | |||||||
Dividend income | 0 | 0 | |||||
Investment, Identifier [Axis]: American Community Homes, Inc. 7 | |||||||
Investments | |||||||
Dividend income | 0 | 0 | |||||
Investment, Identifier [Axis]: American Community Homes, Inc., Common stock | |||||||
Investments | |||||||
Dividend income | 0 | 0 | |||||
Investment, Identifier [Axis]: American Community Homes, Inc., Revolver | |||||||
Investments | |||||||
Dividend income | 0 | 0 | |||||
Investment, Identifier [Axis]: American Community Homes, Inc., Senior Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | 12,648 | 11,246 | |||||
Investment, Identifier [Axis]: American Community Homes, Inc., Senior Secured Loans 2 | |||||||
Investments | |||||||
Senior secured loans | 6,223 | 5,348 | |||||
Investment, Identifier [Axis]: American Community Homes, Inc., Senior Secured Loans 3 | |||||||
Investments | |||||||
Senior secured loans | 767 | ||||||
Investment, Identifier [Axis]: American Community Homes, Inc., Senior Secured Loans 4 | |||||||
Investments | |||||||
Senior secured loans | 2,819 | 2,507 | |||||
Investment, Identifier [Axis]: American Community Homes, Inc., Senior Secured Loans 5 | |||||||
Investments | |||||||
Senior secured loans | 5,219 | 4,640 | |||||
Investment, Identifier [Axis]: American Community Homes, Inc., Senior Secured Loans 6 | |||||||
Investments | |||||||
Senior secured loans | 25 | 22 | |||||
Investment, Identifier [Axis]: American Community Homes, Inc., Senior Secured Loans 7 | |||||||
Investments | |||||||
Senior secured loans | 120 | 106 | |||||
Investment, Identifier [Axis]: American Community Homes, Inc., Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | 2,500 | [1] | $ 2,500 | [3] | |||
Investment, Identifier [Axis]: American Community Homes, Inc., Warrant | |||||||
Investments | |||||||
Percentage of equity interest | 22.30% | ||||||
Investment, Identifier [Axis]: Aras Corporation | |||||||
Investments | |||||||
Senior secured loans | 2,233 | ||||||
Investment, Identifier [Axis]: Aras Corporation (Revolver) | |||||||
Investments | |||||||
Senior secured loans | [1] | $ 150 | |||||
Weighted average current interest rate | [1] | 14% | |||||
Investment, Identifier [Axis]: Aras Corporation, Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 2,155 | ||||||
Investment, Identifier [Axis]: Aras Corporation, Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | [3] | $ 150 | |||||
Weighted average current interest rate | [3] | 9.50% | |||||
Investment, Identifier [Axis]: Arcstor Midco, LLC, Junior Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | $ 4,572 | ||||||
Investment, Identifier [Axis]: Arcstor Midco, LLC, Junior Secured Loans 2 | |||||||
Investments | |||||||
Senior secured loans | 155 | ||||||
Investment, Identifier [Axis]: Arcstor Midco, LLC, Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | 155 | $ 4,528 | |||||
Investment, Identifier [Axis]: Ascent Midco, LLC | |||||||
Investments | |||||||
Dividend income | 0 | 0 | |||||
Investment, Identifier [Axis]: Ascent Midco, LLC, Class A units | |||||||
Investments | |||||||
Dividend income | 204 | 189 | |||||
Investment, Identifier [Axis]: Ascent Midco, LLC, Revolver | |||||||
Investments | |||||||
Dividend income | 0 | 0 | |||||
Investment, Identifier [Axis]: Ascent Midco, LLC, Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 6,217 | ||||||
Weighted average current interest rate | 10.14% | ||||||
Investment, Identifier [Axis]: Ascent Midco, LLC, Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | [3] | $ 1,129 | |||||
Weighted average current interest rate | [3] | 10.14% | |||||
Investment, Identifier [Axis]: Attom Intermediate Holdco, LLC, Senior Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | $ 1,900 | $ 1,920 | |||||
Weighted average current interest rate | 12.22% | 10.69% | |||||
Investment, Identifier [Axis]: Attom Intermediate Holdco, LLC, Senior Secured Loans 2 | |||||||
Investments | |||||||
Senior secured loans | $ 463 | $ 468 | |||||
Weighted average current interest rate | 12.22% | 10.69% | |||||
Investment, Identifier [Axis]: Attom Intermediate Holdco, LLC, Senior Secured Loans 3 | |||||||
Investments | |||||||
Senior secured loans | $ 273 | $ 276 | |||||
Weighted average current interest rate | 12.22% | 10.69% | |||||
Investment, Identifier [Axis]: Attom Intermediate Holdco, LLC, Senior Secured Loans 4 | |||||||
Investments | |||||||
Senior secured loans | $ 788 | $ 796 | |||||
Weighted average current interest rate | 12.22% | 10.69% | |||||
Investment, Identifier [Axis]: Attom Intermediate Holdco, LLC, Senior Secured Loans 5 | |||||||
Investments | |||||||
Senior secured loans | $ 398 | $ 400 | |||||
Weighted average current interest rate | 12.22% | 11.39% | |||||
Investment, Identifier [Axis]: Attom Intermediate Holdco, LLC, Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | $ 320 | [1] | $ 320 | [3] | |||
Weighted average current interest rate | 12.22% | [1] | 10.69% | [3] | |||
Investment, Identifier [Axis]: Avalara, Inc., Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 4,000 | $ 4,000 | |||||
Weighted average current interest rate | 12.60% | 11.83% | |||||
Investment, Identifier [Axis]: Avalara, Inc., Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | $ 400 | [1] | $ 400 | [3] | |||
Weighted average current interest rate | 12.60% | [1] | 11.83% | [3] | |||
Investment, Identifier [Axis]: BLST Operating Company, LLC, Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 660 | $ 588 | |||||
Weighted average current interest rate | [5] | 12.62% | |||||
Investment, Identifier [Axis]: Bluesight, Inc., Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 2,000 | ||||||
Weighted average current interest rate | 12.61% | ||||||
Investment, Identifier [Axis]: Bluesight, Inc., Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | [1] | $ 174 | |||||
Weighted average current interest rate | [1] | 12.61% | |||||
Investment, Identifier [Axis]: Bonterra, LLC (fka Cybergrants Holdings), Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 13,195 | ||||||
Weighted average current interest rate | 10.98% | ||||||
Investment, Identifier [Axis]: Bonterra, LLC (fka Cybergrants Holdings), Senior Secured Loans, Delayed Draw | |||||||
Investments | |||||||
Senior secured loans | [3],[4] | $ 1,906 | |||||
Weighted average current interest rate | [3],[4] | 10.98% | |||||
Investment, Identifier [Axis]: Bonterra, LLC (fka Cybergrants Holdings), Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | [3] | $ 1,069 | |||||
Weighted average current interest rate | [3] | 10.98% | |||||
Investment, Identifier [Axis]: Bonterra, LLC, Senior Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | $ 13,437 | ||||||
Weighted average current interest rate | 12.60% | ||||||
Investment, Identifier [Axis]: Bonterra, LLC, Senior Secured Loans 2 | |||||||
Investments | |||||||
Senior secured loans | $ 1,968 | ||||||
Investment, Identifier [Axis]: Bonterra, LLC, Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | [1] | $ 1,069 | |||||
Weighted average current interest rate | [1] | 12.60% | |||||
Investment, Identifier [Axis]: Born To Run, LLC, Senior Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | $ 3,430 | $ 3,448 | |||||
Weighted average current interest rate | 11.64% | 10.73% | |||||
Investment, Identifier [Axis]: Born To Run, LLC, Senior Secured Loans 2 | |||||||
Investments | |||||||
Senior secured loans | $ 467 | $ 470 | |||||
Weighted average current interest rate | 11.64% | 10.73% | |||||
Investment, Identifier [Axis]: Brickell Bay Acquisition Corp., Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 1,861 | $ 1,880 | |||||
Weighted average current interest rate | 12.04% | 10.24% | |||||
Investment, Identifier [Axis]: Burroughs, Inc. | |||||||
Investments | |||||||
Senior secured loans | $ 4,901 | ||||||
Weighted average current interest rate | 12.94% | ||||||
Investment, Identifier [Axis]: Burroughs, Inc. (Revolver) | |||||||
Investments | |||||||
Senior secured loans | $ 1,215 | ||||||
Weighted average current interest rate | 12.94% | ||||||
Investment, Identifier [Axis]: Burroughs, Inc., Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 5,201 | ||||||
Weighted average current interest rate | 10.72% | ||||||
Investment, Identifier [Axis]: Burroughs, Inc., Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | [3] | $ 1,215 | |||||
Weighted average current interest rate | [3] | 10.72% | |||||
Investment, Identifier [Axis]: C Parent Holdings, LLC. | |||||||
Investments | |||||||
Dividend income | $ 0 | $ 0 | |||||
Investment, Identifier [Axis]: C Parent Holdings, LLC. (fka Curion Holdings, LLC), Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | [6] | 0 | |||||
Investment, Identifier [Axis]: C Parent Holdings, LLC., Common stock | |||||||
Investments | |||||||
Dividend income | 0 | 0 | |||||
Investment, Identifier [Axis]: C Parent Holdings, LLC., Revolver | |||||||
Investments | |||||||
Dividend income | 0 | 0 | |||||
Investment, Identifier [Axis]: CGI Automated Manufacturing, LLC, Senior Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | $ 3,875 | $ 3,975 | |||||
Weighted average current interest rate | 12.61% | 11.34% | |||||
Investment, Identifier [Axis]: CGI Automated Manufacturing, LLC, Senior Secured Loans 2 | |||||||
Investments | |||||||
Senior secured loans | $ 1,112 | $ 1,141 | |||||
Weighted average current interest rate | 12.61% | 11.34% | |||||
Investment, Identifier [Axis]: Calabrio, Inc., Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 3,400 | $ 3,400 | |||||
Weighted average current interest rate | 12.48% | 11.73% | |||||
Investment, Identifier [Axis]: Calabrio, Inc., Senior Secured Loans, Delayed Draw | |||||||
Investments | |||||||
Senior secured loans | [1],[2] | $ 499 | |||||
Weighted average current interest rate | [1],[2] | 12.48% | |||||
Investment, Identifier [Axis]: Calabrio, Inc., Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | $ 409 | [1] | $ 409 | [3] | |||
Weighted average current interest rate | 12.48% | [1] | 11.75% | [3] | |||
Investment, Identifier [Axis]: Caravel Autism Health, LLC, Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 5,016 | ||||||
Investment, Identifier [Axis]: Caravel Autism Health, LLC, Senior Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | $ 5,012 | ||||||
Weighted average current interest rate | 11.16% | ||||||
Investment, Identifier [Axis]: Caravel Autism Health, LLC, Senior Secured Loans 2 | |||||||
Investments | |||||||
Senior secured loans | $ 1,392 | ||||||
Weighted average current interest rate | 11.16% | ||||||
Investment, Identifier [Axis]: Caravel Autism Health, LLC, Senior Secured Loans Delayed Draw | |||||||
Investments | |||||||
Senior secured loans | [3],[4] | 3,750 | |||||
Investment, Identifier [Axis]: Caravel Autism Health, LLC, Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | $ 1,269 | [1] | 1,260 | [3] | |||
Weighted average current interest rate | [1] | 11.16% | |||||
Investment, Identifier [Axis]: Cassavant Holdings, LLC, Unitranche Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 7,876 | $ 7,580 | |||||
Weighted average current interest rate | 12.96% | 10.62% | |||||
Investment, Identifier [Axis]: Centaur (Palm Beach) Owner LLC and Panther National Golf Club LLC, Senior Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | $ 2,784 | [1] | $ 3,300 | ||||
Weighted average current interest rate | 13.60% | [1] | 12.43% | ||||
Investment, Identifier [Axis]: Centaur (Palm Beach) Owner LLC and Panther National Golf Club LLC, Senior Secured Loans 2 | |||||||
Investments | |||||||
Senior secured loans | $ 285 | [7] | $ 337 | ||||
Weighted average current interest rate | 13.60% | [7] | 12.43% | ||||
Investment, Identifier [Axis]: Centaur (Palm Beach) Owner LLC and Panther National Golf Club LLC, Senior Secured Loans, (Revolver | |||||||
Investments | |||||||
Senior secured loans | [3],[8] | $ 1,653 | |||||
Weighted average current interest rate | [3],[8] | 12.43% | |||||
Investment, Identifier [Axis]: Centaur (Palm Beach) Owner LLC and Panther National Golf Club LLC, Senior Secured Loans, Delayed Draw | |||||||
Investments | |||||||
Senior secured loans | [1],[2],[7] | $ 837 | |||||
Weighted average current interest rate | [1],[2],[7] | 13.61% | |||||
Investment, Identifier [Axis]: Centaur (Palm Beach) Owner LLC and Panther National Golf Club LLC, Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | [1],[7] | $ 1,395 | |||||
Weighted average current interest rate | [1],[7] | 13.60% | |||||
Investment, Identifier [Axis]: Chess.com, LLC, Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 5,895 | $ 5,955 | |||||
Weighted average current interest rate | 11.95% | 11.23% | |||||
Investment, Identifier [Axis]: Chess.com, LLC, Senior Secured Loans Revolver | |||||||
Investments | |||||||
Senior secured loans | [1] | $ 652 | |||||
Weighted average current interest rate | [1] | 11.95% | |||||
Investment, Identifier [Axis]: Chess.com, LLC, Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | [3] | $ 652 | |||||
Weighted average current interest rate | [3] | 11.23% | |||||
Investment, Identifier [Axis]: Crownpeak Technology, Inc. , Senior Secured Loans1 | |||||||
Investments | |||||||
Senior secured loans | $ 4,000 | ||||||
Weighted average current interest rate | 12.69% | ||||||
Investment, Identifier [Axis]: Crownpeak Technology, Inc. , Senior Secured Loans3 | |||||||
Investments | |||||||
Senior secured loans | $ 60 | ||||||
Weighted average current interest rate | 11.47% | ||||||
Investment, Identifier [Axis]: Crownpeak Technology, Inc. , Senior Secured Loans4 | |||||||
Investments | |||||||
Senior secured loans | $ 3,333 | ||||||
Weighted average current interest rate | 11.41% | ||||||
Investment, Identifier [Axis]: Crownpeak Technology, Inc., Senior Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | $ 4,000 | ||||||
Weighted average current interest rate | 11.47% | ||||||
Investment, Identifier [Axis]: Crownpeak Technology, Inc., Senior Secured Loans 2 | |||||||
Investments | |||||||
Senior secured loans | $ 1,273 | $ 1,273 | |||||
Weighted average current interest rate | 12.97% | 11.47% | |||||
Investment, Identifier [Axis]: Crownpeak Technology, Inc., Senior Secured Loans 3 | |||||||
Investments | |||||||
Senior secured loans | $ 60 | ||||||
Weighted average current interest rate | 12.69% | ||||||
Investment, Identifier [Axis]: Crownpeak Technology, Inc., Senior Secured Loans 4 | |||||||
Investments | |||||||
Senior secured loans | $ 3,333 | ||||||
Weighted average current interest rate | 12.69% | ||||||
Investment, Identifier [Axis]: Crownpeak Technology, Inc., Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | $ 500 | [1] | $ 500 | [3] | |||
Weighted average current interest rate | 12.69% | [1] | 11.47% | [3] | |||
Investment, Identifier [Axis]: Destination Media, Inc., Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 995 | $ 377 | |||||
Weighted average current interest rate | 12.43% | 9.94% | |||||
Investment, Identifier [Axis]: Destination Media, Inc., Senior Secured Loans, Delayed Draw | |||||||
Investments | |||||||
Senior secured loans | [1],[2] | $ 500 | |||||
Weighted average current interest rate | [1],[2] | 12.35% | |||||
Investment, Identifier [Axis]: Destination Media, Inc., Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | $ 103 | [1] | $ 542 | [3] | |||
Weighted average current interest rate | 12.35% | [1] | 9.94% | [3] | |||
Investment, Identifier [Axis]: Dorado Acquisition, Inc., Senior Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | $ 4,888 | $ 4,938 | |||||
Weighted average current interest rate | 12.19% | 10.72% | |||||
Investment, Identifier [Axis]: Dorado Acquisition, Inc., Senior Secured Loans 2 | |||||||
Investments | |||||||
Senior secured loans | $ 4,051 | $ 4,082 | |||||
Weighted average current interest rate | 12.29% | 11.34% | |||||
Investment, Identifier [Axis]: Dorado Acquisition, Inc., Senior Secured Loans Delayed Draw | |||||||
Investments | |||||||
Senior secured loans | [3],[4] | $ 216 | |||||
Weighted average current interest rate | [3],[4] | 10.72% | |||||
Investment, Identifier [Axis]: Dorado Acquisition, Inc., Senior Secured Loans Revolver | |||||||
Investments | |||||||
Senior secured loans | $ 596 | ||||||
Weighted average current interest rate | 10.92% | ||||||
Investment, Identifier [Axis]: Dorado Acquisition, Inc., Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | [1] | $ 596 | |||||
Weighted average current interest rate | [1] | 12.19% | |||||
Investment, Identifier [Axis]: Drawbridge Partners, LLC, Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 3,000 | $ 3,000 | |||||
Weighted average current interest rate | 12.10% | ||||||
Investment, Identifier [Axis]: Drawbridge Partners, LLC, Senior Secured Loans Revolver | |||||||
Investments | |||||||
Senior secured loans | [1] | $ 522 | |||||
Weighted average current interest rate | [1] | 12.10% | |||||
Investment, Identifier [Axis]: Drawbridge Partners, LLC, Senior Secured Loans, Delayed Draw | |||||||
Investments | |||||||
Senior secured loans | $ 874 | [1],[2] | 330 | [3],[4] | |||
Weighted average current interest rate | [1],[2] | 12.10% | |||||
Investment, Identifier [Axis]: Drawbridge Partners, LLC, Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | [3] | $ 522 | |||||
Weighted average current interest rate | [3] | 11.56% | |||||
Investment, Identifier [Axis]: Education Corporation of America, Junior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 833 | $ 833 | |||||
Investment, Identifier [Axis]: Equine Network, LLC, Senior Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | $ 1,719 | ||||||
Weighted average current interest rate | 10.24% | ||||||
Investment, Identifier [Axis]: Equine Network, LLC, Senior Secured Loans 2 | |||||||
Investments | |||||||
Senior secured loans | $ 780 | ||||||
Weighted average current interest rate | 10.24% | ||||||
Investment, Identifier [Axis]: Equine Network, LLC, Senior Secured Loans Revolver | |||||||
Investments | |||||||
Senior secured loans | [3] | $ 171 | |||||
Weighted average current interest rate | [3] | 10.30% | |||||
Investment, Identifier [Axis]: Equine Network, LLC, Senior Secured Loans, Delayed Draw | |||||||
Investments | |||||||
Senior secured loans | [3],[4] | $ 427 | |||||
Weighted average current interest rate | [3],[4] | 10.24% | |||||
Investment, Identifier [Axis]: Express Wash Acquisition Company, LLC, Senior Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | $ 7,067 | $ 8,160 | |||||
Weighted average current interest rate | 12.16% | 10.32% | |||||
Investment, Identifier [Axis]: Express Wash Acquisition Company, LLC, Senior Secured Loans 2 | |||||||
Investments | |||||||
Senior secured loans | $ 1,513 | $ 1,528 | |||||
Weighted average current interest rate | 12.16% | 10.43% | |||||
Investment, Identifier [Axis]: Express Wash Acquisition Company, LLC, Senior Secured Loans Revolver | |||||||
Investments | |||||||
Senior secured loans | [1] | $ 379 | |||||
Weighted average current interest rate | [1] | 12.16% | |||||
Investment, Identifier [Axis]: Express Wash Acquisition Company, LLC, Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | [3] | $ 379 | |||||
Weighted average current interest rate | [3] | 10.83% | |||||
Investment, Identifier [Axis]: Familia Dental Group Holdings, LLC, Class A units | |||||||
Investments | |||||||
Dividend income | $ 0 | $ 0 | |||||
Investment, Identifier [Axis]: Florida East Coast Industries, LLC, Junior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | 879 | [7] | 1,778 | [8] | |||
Investment, Identifier [Axis]: Florida East Coast Industries, LLC, Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | [8] | $ 617 | |||||
Weighted average current interest rate | [8] | 10.50% | |||||
Investment, Identifier [Axis]: Forman Mills, Inc, Senior Secured Loans. 2 | |||||||
Investments | |||||||
Senior secured loans | $ 6,909 | ||||||
Investment, Identifier [Axis]: Forman Mills, Inc., Junior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | 1,308 | ||||||
Investment, Identifier [Axis]: Forman Mills, Inc., Senior Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | 1,275 | ||||||
Investment, Identifier [Axis]: GC Champion Acquisition LLC, Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 2,528 | ||||||
Weighted average current interest rate | 11.15% | ||||||
Investment, Identifier [Axis]: GC Champion Acquisition LLC, Senior Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | $ 2,528 | ||||||
Weighted average current interest rate | 11.71% | ||||||
Investment, Identifier [Axis]: GC Champion Acquisition LLC, Senior Secured Loans 2 | |||||||
Investments | |||||||
Senior secured loans | $ 702 | ||||||
Weighted average current interest rate | 11.71% | ||||||
Investment, Identifier [Axis]: GC Champion Acquisition LLC, Senior Secured Loans 3 | |||||||
Investments | |||||||
Senior secured loans | $ 2,107 | ||||||
Weighted average current interest rate | 11.96% | ||||||
Investment, Identifier [Axis]: GC Champion Acquisition LLC, Senior Secured Loans, Delayed Draw | |||||||
Investments | |||||||
Senior secured loans | [3],[4] | $ 704 | |||||
Weighted average current interest rate | [3],[4] | 11.15% | |||||
Investment, Identifier [Axis]: HFZ Capital Group LLC, Senior Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | $ 13,242 | [7],[9] | $ 13,242 | [8],[10] | |||
Investment, Identifier [Axis]: HFZ Capital Group LLC, Senior Secured Loans) 2 | |||||||
Investments | |||||||
Senior secured loans | 4,758 | [7],[9] | 4,758 | [8],[10] | |||
Investment, Identifier [Axis]: HFZ Capital Group, LLC 1 | |||||||
Investments | |||||||
Dividend income | 0 | 0 | |||||
Investment, Identifier [Axis]: HFZ Capital Group, LLC 2 | |||||||
Investments | |||||||
Dividend income | 0 | 0 | |||||
Investment, Identifier [Axis]: HS4 Acquisitionco, Inc. | |||||||
Investments | |||||||
Senior secured loans | $ 9,799 | ||||||
Weighted average current interest rate | 12.21% | ||||||
Investment, Identifier [Axis]: HS4 Acquisitionco, Inc. (Revolver) | |||||||
Investments | |||||||
Senior secured loans | [1] | $ 817 | |||||
Weighted average current interest rate | [1] | 12.21% | |||||
Investment, Identifier [Axis]: HS4 Acquisitionco, Inc., Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 9,899 | ||||||
Weighted average current interest rate | 11.14% | ||||||
Investment, Identifier [Axis]: HS4 Acquisitionco, Inc., Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | [3] | $ 817 | |||||
Weighted average current interest rate | [3] | 11.14% | |||||
Investment, Identifier [Axis]: Hastings Manufacturing Company, Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 2,026 | ||||||
Weighted average current interest rate | 11.64% | ||||||
Investment, Identifier [Axis]: Hastings Manufacturing Company, Senior Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | $ 1,850 | ||||||
Weighted average current interest rate | 12.96% | ||||||
Investment, Identifier [Axis]: Hastings Manufacturing Company, Senior Secured Loans 2 | |||||||
Investments | |||||||
Senior secured loans | $ 664 | ||||||
Weighted average current interest rate | 12.96% | ||||||
Investment, Identifier [Axis]: Hastings Manufacturing Company, Senior Secured Loans 3 | |||||||
Investments | |||||||
Senior secured loans | $ 2,039 | ||||||
Weighted average current interest rate | 12.96% | ||||||
Investment, Identifier [Axis]: Hastings Manufacturing Company, Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | [1] | $ 691 | |||||
Weighted average current interest rate | [1] | 12.96% | |||||
Investment, Identifier [Axis]: INH Buyer, Inc., Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 3,026 | $ 2,950 | |||||
Investment, Identifier [Axis]: InMobi Pte, Ltd., Equity Securities, Warrant | |||||||
Investments | |||||||
Percentage of equity interest | [8],[11] | 2.80% | |||||
Investment, Identifier [Axis]: Independence Buyer, Inc., Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 5,499 | $ 5,940 | |||||
Weighted average current interest rate | 11.28% | 9.74% | |||||
Investment, Identifier [Axis]: Independence Buyer, Inc., Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | $ 1,423 | [1] | $ 1,423 | [3] | |||
Weighted average current interest rate | 11.28% | [1] | 9.74% | [3] | |||
Investment, Identifier [Axis]: J2 BWA Funding LLC, Senior Secured Loans, Delayed Draw | |||||||
Investments | |||||||
Senior secured loans | [3],[4],[8] | $ 2,750 | |||||
Weighted average current interest rate | [3],[4],[8] | 9% | |||||
Investment, Identifier [Axis]: J2 BWA Funding LLC, Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | [1],[7] | $ 2,750 | |||||
Weighted average current interest rate | [1],[7] | 10% | |||||
Investment, Identifier [Axis]: KL Moon Acquisition, LLC (fka Spectrum Science Communications, LLC), Equity Securities | |||||||
Investments | |||||||
Percentage of equity interest | 0.10% | ||||||
Investment, Identifier [Axis]: KL Moon Acquisition, LLC (fka Spectrum Science Communications, LLC), Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 4,975 | ||||||
Weighted average current interest rate | 12.13% | ||||||
Investment, Identifier [Axis]: KL Moon Acquisition, LLC (fka Spectrum Science Communications, LLC), Senior Secured Loans, Delayed Draw | |||||||
Investments | |||||||
Senior secured loans | [1],[2] | $ 1,702 | |||||
Weighted average current interest rate | [1],[2] | 12.14% | |||||
Investment, Identifier [Axis]: KL Moon Acquisition, LLC (fka Spectrum Science Communications, LLC), Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | [1] | $ 813 | |||||
Weighted average current interest rate | [1] | 12.13% | |||||
Investment, Identifier [Axis]: Kar Wash Holdings, LLC, Senior Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | $ 1,576 | $ 1,592 | |||||
Weighted average current interest rate | 12.16% | 9.82% | |||||
Investment, Identifier [Axis]: Kar Wash Holdings, LLC, Senior Secured Loans 2 | |||||||
Investments | |||||||
Senior secured loans | $ 1,129 | $ 1,140 | |||||
Weighted average current interest rate | 12.16% | 10.35% | |||||
Investment, Identifier [Axis]: Kar Wash Holdings, LLC, Senior Secured Loans, Delayed Draw | |||||||
Investments | |||||||
Senior secured loans | $ 2,649 | [1],[2] | $ 2,667 | [3],[4] | |||
Weighted average current interest rate | 12.16% | [1],[2] | 10.77% | [3],[4] | |||
Investment, Identifier [Axis]: Kar Wash Holdings, LLC, Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | $ 571 | [1] | $ 572 | [3] | |||
Weighted average current interest rate | 12.16% | [1] | 10.77% | [3] | |||
Investment, Identifier [Axis]: Kingsley Gate Partners, LLC (Delayed Draw) | |||||||
Investments | |||||||
Senior secured loans | [1],[2] | $ 600 | |||||
Weighted average current interest rate | [1],[2] | 12.04% | |||||
Investment, Identifier [Axis]: Kingsley Gate Partners, LLC (Revolver) | |||||||
Investments | |||||||
Senior secured loans | [1] | $ 240 | |||||
Weighted average current interest rate | [1] | 12.04% | |||||
Investment, Identifier [Axis]: Kingsley Gate Partners, LLC 1 | |||||||
Investments | |||||||
Senior secured loans | $ 596 | ||||||
Weighted average current interest rate | 12.04% | ||||||
Investment, Identifier [Axis]: Kingsley Gate Partners, LLC 2 | |||||||
Investments | |||||||
Senior secured loans | $ 191 | ||||||
Weighted average current interest rate | 12.04% | ||||||
Investment, Identifier [Axis]: Kingsley Gate Partners, LLC, Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 600 | ||||||
Weighted average current interest rate | 11.12% | ||||||
Investment, Identifier [Axis]: Kingsley Gate Partners, LLC, Senior Secured Loans, Delayed Draw 1 | |||||||
Investments | |||||||
Senior secured loans | [3],[4] | $ 720 | |||||
Weighted average current interest rate | [3],[4] | 11.12% | |||||
Investment, Identifier [Axis]: Kingsley Gate Partners, LLC, Senior Secured Loans, Delayed Draw 2 | |||||||
Investments | |||||||
Senior secured loans | [3],[4] | $ 600 | |||||
Weighted average current interest rate | [3],[4] | 11.12% | |||||
Investment, Identifier [Axis]: Kingsley Gate Partners, LLC, Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | [3] | $ 240 | |||||
Weighted average current interest rate | [3] | 11.12% | |||||
Investment, Identifier [Axis]: LVF Holdings, Inc., Senior Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | $ 1,466 | $ 1,481 | |||||
Weighted average current interest rate | 11.25% | 8.45% | |||||
Investment, Identifier [Axis]: LVF Holdings, Inc., Senior Secured Loans 2 | |||||||
Investments | |||||||
Senior secured loans | $ 1,403 | $ 1,418 | |||||
Weighted average current interest rate | 11.25% | 8.45% | |||||
Investment, Identifier [Axis]: LVF Holdings, Inc., Senior Secured Loans Revolver | |||||||
Investments | |||||||
Senior secured loans | [3] | $ 238 | |||||
Weighted average current interest rate | [3] | 10.98% | |||||
Investment, Identifier [Axis]: LVF Holdings, Inc., Senior Secured Loans, Delayed Draw | |||||||
Investments | |||||||
Senior secured loans | [3],[4] | $ 344 | |||||
Weighted average current interest rate | [3],[4] | 8.45% | |||||
Investment, Identifier [Axis]: LVF Holdings, Inc., Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | [1] | $ 238 | |||||
Weighted average current interest rate | [1] | 11.25% | |||||
Investment, Identifier [Axis]: LX/JT Intermediate Holdings, Inc. | |||||||
Investments | |||||||
Senior secured loans | $ 5,468 | ||||||
Weighted average current interest rate | 10.42% | ||||||
Investment, Identifier [Axis]: LX/JT Intermediate Holdings, Inc., Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | [3] | $ 833 | |||||
Weighted average current interest rate | [3] | 10.42% | |||||
Investment, Identifier [Axis]: Lifted Trucks Holdings, LLC, Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 6,860 | $ 6,930 | |||||
Weighted average current interest rate | 11.16% | 9.49% | |||||
Investment, Identifier [Axis]: Lifted Trucks Holdings, LLC, Senior Secured Loans, Delayed Draw | |||||||
Investments | |||||||
Senior secured loans | [3],[4] | $ 1,400 | |||||
Weighted average current interest rate | [3],[4] | 9.49% | |||||
Investment, Identifier [Axis]: Lifted Trucks Holdings, LLC, Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | $ 1,667 | [1] | $ 1,667 | [3] | |||
Weighted average current interest rate | 11.29% | [1] | 9.49% | [3] | |||
Investment, Identifier [Axis]: Liftforward SPV II, LLC, Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 253 | [7] | $ 413 | [8] | |||
Weighted average current interest rate | [8] | 15.14% | |||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC | |||||||
Investments | |||||||
Dividend income | 0 | $ 0 | |||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC, Delayed Draw | |||||||
Investments | |||||||
Dividend income | $ 0 | $ 0 | |||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC, Equity Interest | |||||||
Investments | |||||||
Percentage of equity interest | 15.90% | ||||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC, Equity Securities | |||||||
Investments | |||||||
Percentage of equity interest | 15.90% | [7],[9],[12] | 15.90% | [8],[10],[13] | |||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC, Equity interest | |||||||
Investments | |||||||
Percentage of equity interest | 15.90% | ||||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC, LLC interest | |||||||
Investments | |||||||
Dividend income | $ 0 | $ 0 | |||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC, Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | [8],[10] | 8,421 | |||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC, Senior Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | [7],[9] | 10,237 | |||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC, Senior Secured Loans 2 | |||||||
Investments | |||||||
Senior secured loans | [7],[9] | 3,051 | |||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC, Senior Secured Loans, Delayed Draw | |||||||
Investments | |||||||
Senior secured loans | [3],[4],[8],[10] | 1,793 | |||||
Investment, Identifier [Axis]: MCP Shaw Acquisitionco, LLC, Senior Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | $ 9,722 | ||||||
Weighted average current interest rate | 11.06% | ||||||
Investment, Identifier [Axis]: MCP Shaw Acquisitionco, LLC, Senior Secured Loans 2 | |||||||
Investments | |||||||
Senior secured loans | $ 2,972 | ||||||
Weighted average current interest rate | 11.06% | ||||||
Investment, Identifier [Axis]: MCP Shaw Acquisitionco, LLC, Senior Secured Loans 3 | |||||||
Investments | |||||||
Senior secured loans | $ 978 | ||||||
Weighted average current interest rate | 11.06% | ||||||
Investment, Identifier [Axis]: MCP Shaw Acquisitionco, LLC, Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | [3] | $ 1,784 | |||||
Weighted average current interest rate | [3] | 11.06% | |||||
Investment, Identifier [Axis]: MEI Buyer LLC , Senior Secured Loans, Delayed Draw | |||||||
Investments | |||||||
Senior secured loans | [1],[2] | $ 317 | |||||
Weighted average current interest rate | [1],[2] | 11.86% | |||||
Investment, Identifier [Axis]: MEI Buyer LLC, Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 1,995 | ||||||
Weighted average current interest rate | 11.86% | ||||||
Investment, Identifier [Axis]: MEI Buyer LLC, Senior Secured Loans Revolver | |||||||
Investments | |||||||
Senior secured loans | [1] | $ 410 | |||||
Weighted average current interest rate | [1] | 11.84% | |||||
Investment, Identifier [Axis]: MRCC Senior Loan Fund I, LLC | |||||||
Investments | |||||||
Dividend income | $ 3,600 | $ 3,600 | |||||
Investment, Identifier [Axis]: MRCC Senior Loan Fund I, LLC, Equity Securities | |||||||
Investments | |||||||
Percentage of equity interest | 50% | [7] | 50% | [8] | |||
Investment, Identifier [Axis]: MV Receivables II, LLC, Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 8,100 | [7] | $ 8,115 | [8] | |||
Weighted average current interest rate | 15.09% | [7] | 13.87% | [8] | |||
Investment, Identifier [Axis]: Mammoth Holdings, LLC, Senior Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | $ 1,920 | ||||||
Weighted average current interest rate | 9.82% | ||||||
Investment, Identifier [Axis]: Mammoth Holdings, LLC, Senior Secured Loans 2 | |||||||
Investments | |||||||
Senior secured loans | $ 4,031 | ||||||
Weighted average current interest rate | 9.82% | ||||||
Investment, Identifier [Axis]: Mammoth Holdings, LLC, Senior Secured Loans 3 | |||||||
Investments | |||||||
Senior secured loans | $ 6,291 | ||||||
Weighted average current interest rate | 9.82% | ||||||
Investment, Identifier [Axis]: Mammoth Holdings, LLC, Senior Secured Loans 4 | |||||||
Investments | |||||||
Senior secured loans | $ 1,633 | ||||||
Weighted average current interest rate | 9.82% | ||||||
Investment, Identifier [Axis]: Mammoth Holdings, LLC, Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | [3] | $ 657 | |||||
Weighted average current interest rate | [3] | 9.82% | |||||
Investment, Identifier [Axis]: MarkLogic Corporation, Senior Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | $ 3,430 | ||||||
Weighted average current interest rate | 10.85% | ||||||
Investment, Identifier [Axis]: MarkLogic Corporation, Senior Secured Loans 2 | |||||||
Investments | |||||||
Senior secured loans | $ 320 | ||||||
Weighted average current interest rate | 10.85% | ||||||
Investment, Identifier [Axis]: MarkLogic Corporation, Senior Secured Loans 3 | |||||||
Investments | |||||||
Senior secured loans | $ 2,669 | ||||||
Weighted average current interest rate | 10.85% | ||||||
Investment, Identifier [Axis]: MarkLogic Corporation, Senior Secured Loans 4 | |||||||
Investments | |||||||
Senior secured loans | $ 214 | ||||||
Weighted average current interest rate | 10.85% | ||||||
Investment, Identifier [Axis]: MarkLogic Corporation, Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | [3] | $ 269 | |||||
Weighted average current interest rate | [3] | 10.85% | |||||
Investment, Identifier [Axis]: Medallia, Inc., Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 2,140 | $ 2,049 | |||||
Investment, Identifier [Axis]: Mindbody, Inc., Senior Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | $ 6,536 | $ 6,536 | |||||
Weighted average current interest rate | 12.53% | 11.73% | |||||
Investment, Identifier [Axis]: Mindbody, Inc., Senior Secured Loans 2 | |||||||
Investments | |||||||
Senior secured loans | $ 474 | $ 674 | |||||
Weighted average current interest rate | 12.53% | 11.73% | |||||
Investment, Identifier [Axis]: Mindbody, Inc., Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | $ 667 | [1] | $ 667 | [3] | |||
Weighted average current interest rate | 12.53% | [1] | 11.73% | [3] | |||
Investment, Identifier [Axis]: Mnine Holdings, Inc. 1 | |||||||
Investments | |||||||
Dividend income | $ 0 | $ 0 | |||||
Investment, Identifier [Axis]: Mnine Holdings, Inc. 2 | |||||||
Investments | |||||||
Dividend income | 0 | 0 | |||||
Investment, Identifier [Axis]: Mnine Holdings, Inc., Class B units | |||||||
Investments | |||||||
Dividend income | 0 | 0 | |||||
Investment, Identifier [Axis]: Mnine Holdings, Inc., Revolver | |||||||
Investments | |||||||
Dividend income | 0 | 0 | |||||
Investment, Identifier [Axis]: Mnine Holdings, Inc., Revolver, Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | [1] | $ 747 | |||||
Weighted average current interest rate | [1] | 12.61% | |||||
Investment, Identifier [Axis]: Mnine Holdings, Inc., Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | 5,492 | ||||||
Investment, Identifier [Axis]: Mnine Holdings, Inc., Senior Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | $ 6,266 | ||||||
Investment, Identifier [Axis]: Mnine Holdings, Inc., Senior Secured Loans 2 | |||||||
Investments | |||||||
Senior secured loans | 55 | ||||||
Investment, Identifier [Axis]: Mnine Holdings, Inc., Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | [3] | 533 | |||||
Investment, Identifier [Axis]: MoneyLion, Inc., Junior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | [7] | $ 4,875 | |||||
Weighted average current interest rate | [7] | 14.86% | |||||
Investment, Identifier [Axis]: MoneyLion, Inc., Junior Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | [8] | $ 5,250 | |||||
Weighted average current interest rate | [8] | 14.07% | |||||
Investment, Identifier [Axis]: MoneyLion, Inc., Junior Secured Loans 2 | |||||||
Investments | |||||||
Senior secured loans | [8] | $ 1,500 | |||||
Weighted average current interest rate | [8] | 13.25% | |||||
Investment, Identifier [Axis]: MoneyLion, Inc., Junior Secured Loans, Delayed Draw | |||||||
Investments | |||||||
Senior secured loans | [3],[4],[8] | $ 1,500 | |||||
Weighted average current interest rate | [3],[4],[8] | 14.07% | |||||
Investment, Identifier [Axis]: NCBP Property, LLC, Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | [8] | $ 1,950 | |||||
Weighted average current interest rate | [8] | 13.62% | |||||
Investment, Identifier [Axis]: NECB Collections, LLC, Equity Securities | |||||||
Investments | |||||||
Percentage of equity interest | 20.80% | [12] | 20.80% | [13] | |||
Investment, Identifier [Axis]: NECB Collections, LLC, LLC units | |||||||
Investments | |||||||
Dividend income | $ 0 | $ 0 | |||||
Investment, Identifier [Axis]: NECB Collections, LLC, LLC, Units | |||||||
Investments | |||||||
Percentage of equity interest | 20.80% | 20.80% | |||||
Investment, Identifier [Axis]: NECB Collections, LLC, Revolver | |||||||
Investments | |||||||
Dividend income | $ 0 | $ 0 | |||||
Investment, Identifier [Axis]: NECB Collections, LLC, Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | $ 1,356 | [1] | 1,356 | [3] | |||
Weighted average current interest rate | [1],[14] | 16.94% | |||||
Investment, Identifier [Axis]: NQ PE Project Colosseum Midco Inc., Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 3,465 | $ 3,500 | |||||
Weighted average current interest rate | 11% | 10.59% | |||||
Investment, Identifier [Axis]: NQ PE Project Colosseum Midco Inc., Senior Secured Loans, Delayed Draw | |||||||
Investments | |||||||
Senior secured loans | [1],[2] | $ 778 | |||||
Weighted average current interest rate | [1],[2] | 11% | |||||
Investment, Identifier [Axis]: NQ PE Project Colosseum Midco Inc., Senior Secured Loans, Delayed Draw) | |||||||
Investments | |||||||
Senior secured loans | [3],[4] | $ 778 | |||||
Weighted average current interest rate | [3],[4] | 10.59% | |||||
Investment, Identifier [Axis]: NQ PE Project Colosseum Midco Inc., Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | $ 438 | [1] | $ 438 | [3] | |||
Weighted average current interest rate | 11% | [1] | 10.59% | [3] | |||
Investment, Identifier [Axis]: NationsBenefits, LLC, Senior Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | $ 3,920 | $ 3,960 | |||||
Weighted average current interest rate | 12.44% | 11.22% | |||||
Investment, Identifier [Axis]: NationsBenefits, LLC, Senior Secured Loans 2 | |||||||
Investments | |||||||
Senior secured loans | $ 4,672 | $ 4,719 | |||||
Weighted average current interest rate | 12.44% | 11.22% | |||||
Investment, Identifier [Axis]: NationsBenefits, LLC, Senior Secured Loans 3 | |||||||
Investments | |||||||
Senior secured loans | $ 5,065 | ||||||
Weighted average current interest rate | 12.44% | ||||||
Investment, Identifier [Axis]: NationsBenefits, LLC, Senior Secured Loans, Delayed Draw | |||||||
Investments | |||||||
Senior secured loans | [3],[4] | $ 5,089 | |||||
Weighted average current interest rate | [3],[4] | 11.22% | |||||
Investment, Identifier [Axis]: NationsBenefits, LLC, Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | $ 2,222 | [1] | $ 2,222 | [3] | |||
Weighted average current interest rate | 12.44% | [1] | 11.42% | [3] | |||
Investment, Identifier [Axis]: Nearly Natural, Inc. , Senior Secured Loans3 | |||||||
Investments | |||||||
Senior secured loans | $ 3,115 | ||||||
Investment, Identifier [Axis]: Nearly Natural, Inc., Senior Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | $ 6,523 | 6,628 | |||||
Investment, Identifier [Axis]: Nearly Natural, Inc., Senior Secured Loans 2 | |||||||
Investments | |||||||
Senior secured loans | 1,691 | 1,714 | |||||
Investment, Identifier [Axis]: Nearly Natural, Inc., Senior Secured Loans 3 | |||||||
Investments | |||||||
Senior secured loans | 3,076 | ||||||
Investment, Identifier [Axis]: Nearly Natural, Inc., Senior Secured Loans 4 | |||||||
Investments | |||||||
Senior secured loans | 1,841 | 1,868 | |||||
Investment, Identifier [Axis]: Nearly Natural, Inc., Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | 2,634 | 2,505 | |||||
Investment, Identifier [Axis]: Newforma, Inc., Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 938 | ||||||
Weighted average current interest rate | 10.23% | ||||||
Investment, Identifier [Axis]: Newforma, Inc., Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | [3] | $ 1,250 | |||||
Weighted average current interest rate | [3] | 10.23% | |||||
Investment, Identifier [Axis]: North Haven USHC Acquisition, Inc., Senior Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | $ 2,425 | $ 2,450 | |||||
Weighted average current interest rate | 11.95% | 11.18% | |||||
Investment, Identifier [Axis]: North Haven USHC Acquisition, Inc., Senior Secured Loans 2 | |||||||
Investments | |||||||
Senior secured loans | $ 2,566 | $ 2,592 | |||||
Weighted average current interest rate | 11.73% | 10.41% | |||||
Investment, Identifier [Axis]: North Haven USHC Acquisition, Inc., Senior Secured Loans 3 | |||||||
Investments | |||||||
Senior secured loans | $ 703 | $ 710 | |||||
Weighted average current interest rate | 11.95% | 11.18% | |||||
Investment, Identifier [Axis]: North Haven USHC Acquisition, Inc., Senior Secured Loans 4 | |||||||
Investments | |||||||
Senior secured loans | $ 1,419 | $ 1,434 | |||||
Weighted average current interest rate | 11.95% | 11.18% | |||||
Investment, Identifier [Axis]: North Haven USHC Acquisition, Inc., Senior Secured Loans Revolver | |||||||
Investments | |||||||
Senior secured loans | [3] | $ 416 | |||||
Weighted average current interest rate | [3] | 11.13% | |||||
Investment, Identifier [Axis]: North Haven USHC Acquisition, Inc., Senior Secured Loans, Delayed Draw | |||||||
Investments | |||||||
Senior secured loans | $ 1,056 | [1],[2] | $ 1,056 | [3],[4] | |||
Weighted average current interest rate | 11.76% | [1],[2] | 11.18% | [3],[4] | |||
Investment, Identifier [Axis]: North Haven USHC Acquisition, Inc., Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | [1] | $ 416 | |||||
Weighted average current interest rate | [1] | 12% | |||||
Investment, Identifier [Axis]: Oceana Australian Fixed Income Trust, Senior Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | [8],[11],[15] | $ 3,084 | |||||
Weighted average current interest rate | [8],[11],[15] | 10.75% | |||||
Investment, Identifier [Axis]: Oceana Australian Fixed Income Trust, Senior Secured Loans 2 | |||||||
Investments | |||||||
Senior secured loans | [8],[11],[15] | $ 7,321 | |||||
Weighted average current interest rate | [8],[11],[15] | 11.50% | |||||
Investment, Identifier [Axis]: Onit, Inc., Unitranche Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 1,680 | $ 1,680 | |||||
Weighted average current interest rate | 12.97% | 12.30% | |||||
Investment, Identifier [Axis]: Panda Acquisition, LLC, Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 4,388 | $ 4,500 | |||||
Weighted average current interest rate | 11.70% | 10.28% | |||||
Investment, Identifier [Axis]: Planful, Inc., Senior Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | $ 9,500 | $ 9,500 | |||||
Weighted average current interest rate | 12.16% | 10.32% | |||||
Investment, Identifier [Axis]: Planful, Inc., Senior Secured Loans 2 | |||||||
Investments | |||||||
Senior secured loans | $ 530 | $ 530 | |||||
Weighted average current interest rate | 12.16% | 9.90% | |||||
Investment, Identifier [Axis]: Planful, Inc., Senior Secured Loans 3 | |||||||
Investments | |||||||
Senior secured loans | $ 1,326 | $ 1,325 | |||||
Weighted average current interest rate | 12.16% | 10.32% | |||||
Investment, Identifier [Axis]: Planful, Inc., Senior Secured Loans 4 | |||||||
Investments | |||||||
Senior secured loans | $ 884 | $ 884 | |||||
Weighted average current interest rate | 12.16% | 10.32% | |||||
Investment, Identifier [Axis]: Planful, Inc., Senior Secured Loans 5 | |||||||
Investments | |||||||
Senior secured loans | $ 707 | ||||||
Weighted average current interest rate | 12.16% | ||||||
Investment, Identifier [Axis]: Planful, Inc., Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | $ 442 | $ 442 | |||||
Weighted average current interest rate | 12.16% | 10.32% | |||||
Investment, Identifier [Axis]: Prototek LLC | |||||||
Investments | |||||||
Senior secured loans | $ 2,482 | ||||||
Investment, Identifier [Axis]: Prototek LLC (Revolver) | |||||||
Investments | |||||||
Senior secured loans | [1] | 288 | |||||
Investment, Identifier [Axis]: Prototek LLC, Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 2,500 | ||||||
Weighted average current interest rate | 10.83% | ||||||
Investment, Identifier [Axis]: Prototek LLC, Senior Secured Loans, Delayed Draw | |||||||
Investments | |||||||
Senior secured loans | [3],[4] | $ 768 | |||||
Weighted average current interest rate | [3],[4] | 10.83% | |||||
Investment, Identifier [Axis]: Prototek LLC, Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | [3] | $ 576 | |||||
Weighted average current interest rate | [3] | 10.83% | |||||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC Senior Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | $ 972 | ||||||
Weighted average current interest rate | 10.62% | ||||||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC Senior Secured Loans 2 | |||||||
Investments | |||||||
Senior secured loans | $ 1,068 | ||||||
Weighted average current interest rate | 10.62% | ||||||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC Senior Secured Loans 3 | |||||||
Investments | |||||||
Senior secured loans | $ 3,796 | ||||||
Weighted average current interest rate | 10.62% | ||||||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC, (Delayed Draw) | |||||||
Investments | |||||||
Senior secured loans | [3],[4] | $ 1,772 | |||||
Weighted average current interest rate | [3],[4] | 10.62% | |||||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC, Senior Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | $ 852 | ||||||
Weighted average current interest rate | 11.96% | ||||||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC, Senior Secured Loans 2 | |||||||
Investments | |||||||
Senior secured loans | $ 935 | ||||||
Weighted average current interest rate | 11.96% | ||||||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC, Senior Secured Loans 3 | |||||||
Investments | |||||||
Senior secured loans | $ 3,326 | ||||||
Weighted average current interest rate | 11.96% | ||||||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC, Senior Secured Loans 4 | |||||||
Investments | |||||||
Senior secured loans | $ 335 | ||||||
Weighted average current interest rate | 11.96% | ||||||
Investment, Identifier [Axis]: Recycled Plastics Industries, LLC, Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 2,811 | $ 3,456 | |||||
Weighted average current interest rate | 10.87% | ||||||
Investment, Identifier [Axis]: Recycled Plastics Industries, LLC, Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | 284 | [1] | $ 473 | [3] | |||
Weighted average current interest rate | [3] | 10.87% | |||||
Investment, Identifier [Axis]: Relativity ODA LLC | |||||||
Investments | |||||||
Senior secured loans | 2,107 | ||||||
Investment, Identifier [Axis]: Relativity ODA LLC, Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 2,061 | ||||||
Investment, Identifier [Axis]: Relativity ODA LLC, Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | 180 | [1] | 180 | [3] | |||
Investment, Identifier [Axis]: Relevate Health Group, LLC, Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 1,474 | ||||||
Weighted average current interest rate | 9.97% | ||||||
Investment, Identifier [Axis]: Relevate Health Group, LLC, Senior Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | $ 1,459 | ||||||
Weighted average current interest rate | 11.44% | ||||||
Investment, Identifier [Axis]: Relevate Health Group, LLC, Senior Secured Loans 2 | |||||||
Investments | |||||||
Senior secured loans | $ 653 | ||||||
Weighted average current interest rate | 11.44% | ||||||
Investment, Identifier [Axis]: Relevate Health Group, LLC, Senior Secured Loans Revolver | |||||||
Investments | |||||||
Senior secured loans | [3] | $ 316 | |||||
Weighted average current interest rate | [3] | 9.97% | |||||
Investment, Identifier [Axis]: Relevate Health Group, LLC, Senior Secured Loans, Delayed Draw | |||||||
Investments | |||||||
Senior secured loans | [3],[4] | $ 778 | |||||
Weighted average current interest rate | [3],[4] | 9.97% | |||||
Investment, Identifier [Axis]: Relevate Health Group, LLC, Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | [1] | $ 316 | |||||
Weighted average current interest rate | [1] | 11.43% | |||||
Investment, Identifier [Axis]: Rockdale Blackhawk, LLC, Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | [16] | $ 0 | |||||
Investment, Identifier [Axis]: SFR Holdco, LLC, Equity Securities | |||||||
Investments | |||||||
Percentage of equity interest | 24.40% | [7] | 24.40% | [8] | |||
Investment, Identifier [Axis]: SFR Holdco, LLC, Equity interests | |||||||
Investments | |||||||
Percentage of equity interest | 24.40% | ||||||
Investment, Identifier [Axis]: SFR Holdco, LLC, Junior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 5,850 | [7] | $ 5,850 | [8] | |||
Weighted average current interest rate | 8% | [7] | 8% | [8] | |||
Investment, Identifier [Axis]: SFR Holdco, LLC, Junior secured loan | |||||||
Investments | |||||||
Dividend income | $ 0 | $ 0 | |||||
Investment, Identifier [Axis]: SFR Holdco, LLC, LLC interest | |||||||
Investments | |||||||
Dividend income | 0 | $ 0 | |||||
Investment, Identifier [Axis]: SFR Holding, LLC, Equity interests | |||||||
Investments | |||||||
Percentage of equity interest | 24.40% | ||||||
Investment, Identifier [Axis]: Second Avenue SFR Holdings II LLC, Revolver | |||||||
Investments | |||||||
Dividend income | 0 | $ 0 | |||||
Investment, Identifier [Axis]: Second Avenue SFR Holdings II LLC, Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | $ 4,875 | [1],[7] | $ 4,875 | [3],[8] | |||
Weighted average current interest rate | 12.34% | [1],[7] | 11.12% | [3],[8] | |||
Investment, Identifier [Axis]: Security Services Acquisition Sub Corp., Senior Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | $ 3,344 | $ 3,378 | |||||
Weighted average current interest rate | 11.46% | 10.42% | |||||
Investment, Identifier [Axis]: Security Services Acquisition Sub Corp., Senior Secured Loans 2 | |||||||
Investments | |||||||
Senior secured loans | $ 2,406 | $ 2,430 | |||||
Weighted average current interest rate | 11.46% | 10.42% | |||||
Investment, Identifier [Axis]: Security Services Acquisition Sub Corp., Senior Secured Loans 3 | |||||||
Investments | |||||||
Senior secured loans | $ 7,820 | $ 7,900 | |||||
Weighted average current interest rate | 11.46% | 10.42% | |||||
Investment, Identifier [Axis]: Security Services Acquisition Sub Corp., Senior Secured Loans 4 | |||||||
Investments | |||||||
Senior secured loans | $ 2,113 | $ 2,135 | |||||
Weighted average current interest rate | 11.46% | 10.42% | |||||
Investment, Identifier [Axis]: Security Services Acquisition Sub Corp., Senior Secured Loans 5 | |||||||
Investments | |||||||
Senior secured loans | $ 1,520 | $ 1,535 | |||||
Weighted average current interest rate | 11.46% | 10.40% | |||||
Investment, Identifier [Axis]: Seran BioScience, LLC, Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 2,456 | ||||||
Weighted average current interest rate | 9.96% | ||||||
Investment, Identifier [Axis]: Seran BioScience, LLC, Senior Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | $ 2,431 | ||||||
Weighted average current interest rate | 11.64% | ||||||
Investment, Identifier [Axis]: Seran BioScience, LLC, Senior Secured Loans 2 | |||||||
Investments | |||||||
Senior secured loans | $ 2,757 | ||||||
Weighted average current interest rate | 11.66% | ||||||
Investment, Identifier [Axis]: Seran BioScience, LLC, Senior Secured Loans Delayed Draw | |||||||
Investments | |||||||
Senior secured loans | [3],[4] | $ 2,776 | |||||
Weighted average current interest rate | [3],[4] | 10.67% | |||||
Investment, Identifier [Axis]: Seran BioScience, LLC, Senior Secured Loans, Delayed Draw | |||||||
Investments | |||||||
Senior secured loans | [1],[2] | $ 1,444 | |||||
Weighted average current interest rate | [1],[2] | 11.66% | |||||
Investment, Identifier [Axis]: Seran BioScience, LLC, Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | $ 444 | [1] | $ 444 | [3] | |||
Weighted average current interest rate | 11.64% | [1] | 9.96% | [3] | |||
Investment, Identifier [Axis]: ServiceMax, Inc., Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | [8] | $ 3,846 | |||||
Investment, Identifier [Axis]: ServiceMax, Inc., Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | [3],[8] | 350 | |||||
Investment, Identifier [Axis]: Sparq Holdings, Inc., Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 995 | ||||||
Weighted average current interest rate | 11.43% | ||||||
Investment, Identifier [Axis]: Sparq Holdings, Inc., Senior Secured Loans, Delayed Draw | |||||||
Investments | |||||||
Senior secured loans | [1],[2] | $ 222 | |||||
Weighted average current interest rate | [1],[2] | 11.43% | |||||
Investment, Identifier [Axis]: Sparq Holdings, Inc., Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | [1] | $ 205 | |||||
Weighted average current interest rate | [1] | 11.43% | |||||
Investment, Identifier [Axis]: Spectrum Science Communications, LLC, Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 995 | ||||||
Weighted average current interest rate | 10.92% | ||||||
Investment, Identifier [Axis]: Spectrum Science Communications, LLC, Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | [3] | $ 200 | |||||
Weighted average current interest rate | [3] | 10.92% | |||||
Investment, Identifier [Axis]: Spherix Global Inc., Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 1,081 | $ 1,092 | |||||
Weighted average current interest rate | 11.71% | 10.24% | |||||
Investment, Identifier [Axis]: Spherix Global Inc., Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | $ 122 | [1] | $ 122 | [3] | |||
Weighted average current interest rate | 11.71% | [1] | 10.24% | [3] | |||
Investment, Identifier [Axis]: Sports Operating Holdings II, LLC, Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 2,963 | $ 2,993 | |||||
Weighted average current interest rate | 11.21% | 10.17% | |||||
Investment, Identifier [Axis]: Sports Operating Holdings II, LLC, Senior Secured Loans, Delayed Draw | |||||||
Investments | |||||||
Senior secured loans | $ 2,398 | [1],[2] | $ 2,400 | [3],[4] | |||
Weighted average current interest rate | 11.21% | [1],[2] | 10.17% | [3],[4] | |||
Investment, Identifier [Axis]: Sports Operating Holdings II, LLC, Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | $ 519 | [1] | $ 519 | [3] | |||
Weighted average current interest rate | 11.21% | [1] | 10.17% | [3] | |||
Investment, Identifier [Axis]: StarCompliance MidCo, LLC, Senior Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | $ 2,000 | $ 2,000 | |||||
Weighted average current interest rate | 12.20% | 11.48% | |||||
Investment, Identifier [Axis]: StarCompliance MidCo, LLC, Senior Secured Loans 2 | |||||||
Investments | |||||||
Senior secured loans | $ 335 | $ 336 | |||||
Weighted average current interest rate | 12.20% | 11.48% | |||||
Investment, Identifier [Axis]: StarCompliance MidCo, LLC, Senior Secured Loans 3 | |||||||
Investments | |||||||
Senior secured loans | $ 256 | ||||||
Weighted average current interest rate | 12.20% | ||||||
Investment, Identifier [Axis]: StarCompliance MidCo, LLC, Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | $ 323 | [1] | $ 322 | [3] | |||
Weighted average current interest rate | 12.20% | [1] | 11.14% | [3] | |||
Investment, Identifier [Axis]: TCFIII OWL Buyer LLC, Senior Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | $ 1,999 | $ 2,019 | |||||
Weighted average current interest rate | 10.97% | 9.94% | |||||
Investment, Identifier [Axis]: TCFIII OWL Buyer LLC, Senior Secured Loans 2 | |||||||
Investments | |||||||
Senior secured loans | $ 2,441 | $ 2,466 | |||||
Weighted average current interest rate | 10.97% | 9.94% | |||||
Investment, Identifier [Axis]: TCFIII OWL Buyer LLC, Senior Secured Loans 3 | |||||||
Investments | |||||||
Senior secured loans | $ 2,190 | $ 2,213 | |||||
Weighted average current interest rate | 10.97% | 9.94% | |||||
Investment, Identifier [Axis]: TJ Management HoldCo LLC, Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | $ 477 | [1] | $ 477 | [3] | |||
Weighted average current interest rate | 10.94% | [1] | 9.89% | [3] | |||
Investment, Identifier [Axis]: TJ Management HoldCo, LLC, Common stock | |||||||
Investments | |||||||
Dividend income | $ 79 | $ 0 | |||||
Investment, Identifier [Axis]: TJ Management HoldCo, LLC, Revolver | |||||||
Investments | |||||||
Dividend income | 0 | 0 | |||||
Investment, Identifier [Axis]: The Kyjen Company, LLC, Senior Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | 988 | 986 | |||||
Investment, Identifier [Axis]: The Kyjen Company, LLC, Senior Secured Loans 2 | |||||||
Investments | |||||||
Senior secured loans | 1 | 0 | |||||
Investment, Identifier [Axis]: The Kyjen Company, LLC, Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | 105 | [1] | 105 | [3] | |||
Investment, Identifier [Axis]: Thrasio, LLC, Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 2,433 | $ 2,445 | |||||
Weighted average current interest rate | 12.61% | [14] | 11.73% | ||||
Investment, Identifier [Axis]: TigerConnect, Inc., Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 3,000 | $ 3,000 | |||||
Weighted average current interest rate | 12.28% | ||||||
Investment, Identifier [Axis]: TigerConnect, Inc., Senior Secured Loans Revolver | |||||||
Investments | |||||||
Senior secured loans | [3] | $ 429 | |||||
Weighted average current interest rate | [3] | 11.49% | |||||
Investment, Identifier [Axis]: TigerConnect, Inc., Senior Secured Loans, Delayed Draw | |||||||
Investments | |||||||
Senior secured loans | $ 225 | [1],[2] | $ 124 | [3],[4] | |||
Weighted average current interest rate | [1],[2] | 12.28% | |||||
Investment, Identifier [Axis]: TigerConnect, Inc., Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | [1] | $ 429 | |||||
Weighted average current interest rate | [1] | 12.28% | |||||
Investment, Identifier [Axis]: V10 Entertainment, Inc., Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 3,980 | ||||||
Weighted average current interest rate | 12.49% | ||||||
Investment, Identifier [Axis]: V10 Entertainment, Inc., Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | [1] | $ 458 | |||||
Weighted average current interest rate | [1] | 12.49% | |||||
Investment, Identifier [Axis]: VB E1, LLC, Unitranche Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 2,250 | $ 2,250 | |||||
Weighted average current interest rate | 13.10% | 12.38% | |||||
Investment, Identifier [Axis]: VPS Holdings, LLC, Senior Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | $ 2,397 | $ 3,246 | |||||
Weighted average current interest rate | 12.47% | ||||||
Investment, Identifier [Axis]: VPS Holdings, LLC, Senior Secured Loans 2 | |||||||
Investments | |||||||
Senior secured loans | $ 1,971 | 2,656 | |||||
Weighted average current interest rate | 12.47% | ||||||
Investment, Identifier [Axis]: VPS Holdings, LLC, Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | $ 1,003 | [1] | 1,002 | [3] | |||
Weighted average current interest rate | [1] | 12.47% | |||||
Investment, Identifier [Axis]: Valudor Products LLC, Senior Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | $ 1,581 | 1,609 | |||||
Investment, Identifier [Axis]: Valudor Products LLC, Senior Secured Loans 2 | |||||||
Investments | |||||||
Senior secured loans | 295 | [17] | 260 | [18] | |||
Investment, Identifier [Axis]: Valudor Products LLC, Senior Secured Loans 3 | |||||||
Investments | |||||||
Senior secured loans | $ 502 | $ 502 | |||||
Weighted average current interest rate | 12.97% | 11.89% | |||||
Investment, Identifier [Axis]: Valudor Products LLC, Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | $ 1,095 | [1] | $ 1,095 | [3] | |||
Weighted average current interest rate | 12.97% | [1] | 13.89% | [3] | |||
Investment, Identifier [Axis]: Vero Biotech Inc., Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 2,500 | ||||||
Weighted average current interest rate | 12.25% | ||||||
Investment, Identifier [Axis]: Vhagar Purchaser, LLC, Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 3,000 | ||||||
Weighted average current interest rate | 12.39% | ||||||
Investment, Identifier [Axis]: Vhagar Purchaser, LLC, Senior Secured Loans, Delayed Draw | |||||||
Investments | |||||||
Senior secured loans | [1],[2] | $ 667 | |||||
Weighted average current interest rate | [1],[2] | 12.39% | |||||
Investment, Identifier [Axis]: Vhagar Purchaser, LLC, Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | [1] | $ 333 | |||||
Weighted average current interest rate | [1] | 12.39% | |||||
Investment, Identifier [Axis]: Vice Acquisition Holdco, LLC (fka Vice Group Holding Inc.), Junior Secured Loans 2 | |||||||
Investments | |||||||
Senior secured loans | [19] | $ 122 | |||||
Investment, Identifier [Axis]: Vice Acquisition Holdco, LLC (fka Vice Group Holding Inc.), Junior Secured Loans 3 | |||||||
Investments | |||||||
Senior secured loans | [19] | 200 | |||||
Investment, Identifier [Axis]: Vice Acquisition Holdco, LLC (fka Vice Group Holding Inc.), Junior Secured Loans 4 | |||||||
Investments | |||||||
Senior secured loans | [19] | 76 | |||||
Investment, Identifier [Axis]: Vice Acquisition Holdco, LLC (fka Vice Group Holding Inc.), Junior Secured Loans 5 | |||||||
Investments | |||||||
Senior secured loans | [19] | 528 | |||||
Investment, Identifier [Axis]: Vice Acquisition Holdco, LLC (fka Vice Group Holding Inc.), Junior Secured Loans1 | |||||||
Investments | |||||||
Senior secured loans | [19] | 637 | |||||
Investment, Identifier [Axis]: Vice Acquisition Holdco, LLC (fka Vice Group Holding Inc.), Senior Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | [19] | 671 | |||||
Investment, Identifier [Axis]: Vice Acquisition Holdco, LLC (fka Vice Group Holding Inc.), Senior Secured Loans 2 | |||||||
Investments | |||||||
Senior secured loans | [19] | 203 | |||||
Investment, Identifier [Axis]: Vice Acquisition Holdco, LLC (fka Vice Group Holding Inc.), Senior Secured Loans, Delayed Draw | |||||||
Investments | |||||||
Senior secured loans | [1],[2],[19] | 353 | |||||
Investment, Identifier [Axis]: Vice Group Holding Inc., Senior Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | $ 1,691 | ||||||
Investment, Identifier [Axis]: Vice Group Holding Inc., Senior Secured Loans 2 | |||||||
Investments | |||||||
Senior secured loans | 325 | ||||||
Investment, Identifier [Axis]: Vice Group Holding Inc., Senior Secured Loans 3 | |||||||
Investments | |||||||
Senior secured loans | 531 | ||||||
Investment, Identifier [Axis]: Vice Group Holding Inc., Senior Secured Loans 4 | |||||||
Investments | |||||||
Senior secured loans | 200 | ||||||
Investment, Identifier [Axis]: Vinci Brands LLC, Unitranche Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | 7,026 | ||||||
Investment, Identifier [Axis]: Vinci Brands LLC, Unitranche Secured Loans 2 | |||||||
Investments | |||||||
Senior secured loans | 3,065 | ||||||
Investment, Identifier [Axis]: Vinci Brands LLC, Unitranche Secured Loans 3 | |||||||
Investments | |||||||
Senior secured loans | 13,552 | ||||||
Investment, Identifier [Axis]: Vinci Brands LLC, Unitranche Secured Loans 4 | |||||||
Investments | |||||||
Senior secured loans | 1,149 | ||||||
Investment, Identifier [Axis]: W3 Monroe RE Debt LLC, Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | 3,542 | [7] | 3,210 | [8] | |||
Investment, Identifier [Axis]: W3 Monroe RE Debt LLC, Senior Secured Loans, Delayed Draw | |||||||
Investments | |||||||
Senior secured loans | [1],[2],[7] | 270 | |||||
Investment, Identifier [Axis]: Whistler Parent Holdings III, Inc., Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 4,500 | ||||||
Weighted average current interest rate | 11.17% | ||||||
Investment, Identifier [Axis]: Whistler Parent Holdings III, Inc., Senior Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | 4,554 | ||||||
Investment, Identifier [Axis]: Whistler Parent Holdings III, Inc., Senior Secured Loans 2 | |||||||
Investments | |||||||
Senior secured loans | 57 | ||||||
Investment, Identifier [Axis]: Whistler Parent Holdings III, Inc., Senior Secured Loans Delayed Draw | |||||||
Investments | |||||||
Senior secured loans | [3],[4] | $ 1,406 | |||||
Weighted average current interest rate | [3],[4] | 11.17% | |||||
Investment, Identifier [Axis]: Whistler Parent Holdings III, Inc., Senior Secured Loans Revolver | |||||||
Investments | |||||||
Senior secured loans | [3] | $ 563 | |||||
Weighted average current interest rate | [3] | 11.17% | |||||
Investment, Identifier [Axis]: Whistler Parent Holdings III, Inc., Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | 569 | ||||||
Investment, Identifier [Axis]: WillowTree, LLC, Unitranche Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 7,326 | ||||||
Weighted average current interest rate | 9.39% | ||||||
Investment, Identifier [Axis]: Witkoff/Monroe 700 JV LLC, Junior Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | [7] | 6,901 | |||||
Investment, Identifier [Axis]: Witkoff/Monroe 700 JV LLC, Junior Secured Loans 2 | |||||||
Investments | |||||||
Senior secured loans | [7] | 1,194 | |||||
Investment, Identifier [Axis]: Witkoff/Monroe 700 JV LLC, Junior Secured Loans, Delayed Draw | |||||||
Investments | |||||||
Senior secured loans | 2,147 | [1],[2],[7] | $ 6,708 | [3],[4],[8] | |||
Investment, Identifier [Axis]: XanEdu Publishing, Inc., Senior Secured Loans 1 | |||||||
Investments | |||||||
Senior secured loans | $ 4,441 | $ 4,584 | |||||
Weighted average current interest rate | 11.97% | 10.94% | |||||
Investment, Identifier [Axis]: XanEdu Publishing, Inc., Senior Secured Loans 2 | |||||||
Investments | |||||||
Senior secured loans | $ 1,765 | $ 1,822 | |||||
Weighted average current interest rate | 11.97% | 10.94% | |||||
Investment, Identifier [Axis]: XanEdu Publishing, Inc., Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | $ 742 | [1] | $ 742 | [3] | |||
Weighted average current interest rate | 11.97% | [1] | 10.94% | [3] | |||
Investment, Identifier [Axis]: YS WH4 LLC, Senior Secured Loans, Revolver | |||||||
Investments | |||||||
Senior secured loans | [3],[8] | $ 5,250 | |||||
Weighted average current interest rate | [3],[8] | 11.44% | |||||
Investment, Identifier [Axis]: iCIMS, Inc. | |||||||
Investments | |||||||
Senior secured loans | $ 2,500 | ||||||
Weighted average current interest rate | 12.62% | ||||||
Investment, Identifier [Axis]: iCIMS, Inc., Senior Secured Loans | |||||||
Investments | |||||||
Senior secured loans | $ 2,500 | ||||||
Weighted average current interest rate | 11.52% | ||||||
SLF | |||||||
Investments | |||||||
Percentage of equity interest | 50% | 50% | |||||
Dividend income | $ 3,600 | $ 3,600 | 4,325 | ||||
Number of portfolio company investments in SLF | company | 49 | 60 | |||||
SLF | Investment, Identifier [Axis]: 360Holdco, Inc. | |||||||
Investments | |||||||
Senior secured loans | $ 2,145 | ||||||
Weighted average current interest rate | 9.42% | ||||||
SLF | Investment, Identifier [Axis]: 360Holdco, Inc. 1 | |||||||
Investments | |||||||
Senior secured loans | $ 2,124 | ||||||
Weighted average current interest rate | 10.96% | ||||||
SLF | Investment, Identifier [Axis]: 360Holdco, Inc. 2 | |||||||
Investments | |||||||
Senior secured loans | $ 821 | ||||||
Weighted average current interest rate | 10.96% | ||||||
SLF | Investment, Identifier [Axis]: 360Holdco, Inc., Delayed Draw | |||||||
Investments | |||||||
Senior secured loans | $ 827 | ||||||
Weighted average current interest rate | 9.42% | ||||||
SLF | Investment, Identifier [Axis]: AQ Carver Buyer, Inc. | |||||||
Investments | |||||||
Senior secured loans | $ 4,838 | ||||||
Weighted average current interest rate | 9.38% | ||||||
SLF | Investment, Identifier [Axis]: Accelerate Auto Works Intermediate, LLC | |||||||
Investments | |||||||
Senior secured loans | $ 1,391 | ||||||
Weighted average current interest rate | 9.23% | ||||||
SLF | Investment, Identifier [Axis]: Accelerate Auto Works Intermediate, LLC (Revolver) | |||||||
Investments | |||||||
Senior secured loans | $ 132 | ||||||
Weighted average current interest rate | 10.29% | ||||||
SLF | Investment, Identifier [Axis]: Accelerate Auto Works Intermediate, LLC 1 | |||||||
Investments | |||||||
Senior secured loans | $ 1,358 | ||||||
Weighted average current interest rate | 10.29% | ||||||
SLF | Investment, Identifier [Axis]: Accelerate Auto Works Intermediate, LLC 2 | |||||||
Investments | |||||||
Senior secured loans | $ 388 | ||||||
Weighted average current interest rate | 10.30% | ||||||
SLF | Investment, Identifier [Axis]: Accelerate Auto Works Intermediate, LLC. Delayed Draw | |||||||
Investments | |||||||
Senior secured loans | $ 388 | ||||||
Weighted average current interest rate | 9.23% | ||||||
SLF | Investment, Identifier [Axis]: Accelerate Auto Works Intermediate, LLC. Revolver | |||||||
Investments | |||||||
Senior secured loans | $ 132 | ||||||
Weighted average current interest rate | 9.23% | ||||||
SLF | Investment, Identifier [Axis]: Analogic Corporation | |||||||
Investments | |||||||
Senior secured loans | $ 4,703 | ||||||
Weighted average current interest rate | 9.66% | ||||||
SLF | Investment, Identifier [Axis]: Avison Young (USA) Inc. | |||||||
Investments | |||||||
Senior secured loans | $ 4,800 | ||||||
Weighted average current interest rate | 10.19% | ||||||
SLF | Investment, Identifier [Axis]: Avison Young (USA) Inc. | |||||||
Investments | |||||||
Senior secured loans | $ 4,775 | ||||||
Weighted average current interest rate | 11.97% | ||||||
SLF | Investment, Identifier [Axis]: Bromford Industries Limited 1 | |||||||
Investments | |||||||
Senior secured loans | $ 2,744 | ||||||
Weighted average current interest rate | 12.75% | ||||||
SLF | Investment, Identifier [Axis]: Bromford Industries Limited 2 | |||||||
Investments | |||||||
Senior secured loans | $ 1,829 | ||||||
Weighted average current interest rate | 12.75% | ||||||
SLF | Investment, Identifier [Axis]: CBC Restaurant Corp. | |||||||
Investments | |||||||
Senior secured loans | $ 1,066 | ||||||
SLF | Investment, Identifier [Axis]: CHA Holdings, Inc 1 | |||||||
Investments | |||||||
Senior secured loans | $ 1,939 | $ 1,960 | |||||
Weighted average current interest rate | 9.97% | 9.23% | |||||
SLF | Investment, Identifier [Axis]: CHA Holdings, Inc 2 | |||||||
Investments | |||||||
Senior secured loans | $ 409 | $ 413 | |||||
Weighted average current interest rate | 9.97% | 9.23% | |||||
SLF | Investment, Identifier [Axis]: Cadent, LLC | |||||||
Investments | |||||||
Senior secured loans | $ 4,237 | ||||||
Weighted average current interest rate | 11.23% | ||||||
SLF | Investment, Identifier [Axis]: Cadent, LLC (Revolver) | |||||||
Investments | |||||||
Senior secured loans | $ 167 | ||||||
Weighted average current interest rate | 11.23% | ||||||
SLF | Investment, Identifier [Axis]: Cano Health, LLC | |||||||
Investments | |||||||
Senior secured loans | $ 1,950 | $ 1,970 | |||||
Weighted average current interest rate | 9.42% | 8.42% | |||||
SLF | Investment, Identifier [Axis]: Corel Inc. | |||||||
Investments | |||||||
Senior secured loans | $ 3,400 | $ 3,600 | |||||
Weighted average current interest rate | 10.49% | 9.73% | |||||
SLF | Investment, Identifier [Axis]: DS Parent, Inc. | |||||||
Investments | |||||||
Senior secured loans | $ 2,700 | $ 2,850 | |||||
Weighted average current interest rate | 11.21% | 9.92% | |||||
SLF | Investment, Identifier [Axis]: Dresser Utility Solutions, LLC (fka NGS US Finco, LLC) 1 | |||||||
Investments | |||||||
Senior secured loans | $ 1,678 | ||||||
Weighted average current interest rate | 8.63% | ||||||
SLF | Investment, Identifier [Axis]: Dresser Utility Solutions, LLC (fka NGS US Finco, LLC) 2 | |||||||
Investments | |||||||
Senior secured loans | $ 245 | ||||||
Weighted average current interest rate | 9.63% | ||||||
SLF | Investment, Identifier [Axis]: Dresser Utility Solutions, LLC 1 | |||||||
Investments | |||||||
Senior secured loans | $ 1,660 | ||||||
Weighted average current interest rate | 9.46% | ||||||
SLF | Investment, Identifier [Axis]: Dresser Utility Solutions, LLC 2 | |||||||
Investments | |||||||
Senior secured loans | $ 243 | ||||||
Weighted average current interest rate | 10.71% | ||||||
SLF | Investment, Identifier [Axis]: Drilling Info Holdings, Inc. | |||||||
Investments | |||||||
Senior secured loans | $ 4,469 | ||||||
Weighted average current interest rate | 8.63% | ||||||
SLF | Investment, Identifier [Axis]: Elevate Textiles, Inc. (fka International Textile Group, Inc.) | |||||||
Investments | |||||||
Senior secured loans | $ 798 | ||||||
Weighted average current interest rate | 12.04% | ||||||
SLF | Investment, Identifier [Axis]: Elevate Textiles, Inc. (fka International Textile Group, Inc.), Common units | |||||||
Investments | |||||||
Senior secured loans | $ 26 | ||||||
SLF | Investment, Identifier [Axis]: Eliassen Group, LLC | |||||||
Investments | |||||||
Senior secured loans | $ 3,218 | $ 3,251 | |||||
Weighted average current interest rate | 10.85% | 10.08% | |||||
SLF | Investment, Identifier [Axis]: Eliassen Group, LLC, Delayed Draw | |||||||
Investments | |||||||
Senior secured loans | $ 739 | $ 740 | |||||
Weighted average current interest rate | 10.86% | 8.88% | |||||
SLF | Investment, Identifier [Axis]: Engage2Excel, Inc. 1 | |||||||
Investments | |||||||
Senior secured loans | $ 3,918 | $ 4,283 | |||||
Weighted average current interest rate | 12.53% | 11.98% | |||||
SLF | Investment, Identifier [Axis]: Engage2Excel, Inc. 2 | |||||||
Investments | |||||||
Senior secured loans | $ 707 | $ 773 | |||||
Weighted average current interest rate | 12.53% | 11.98% | |||||
SLF | Investment, Identifier [Axis]: Engage2Excel, Inc., Revolver | |||||||
Investments | |||||||
Senior secured loans | $ 550 | $ 554 | |||||
Weighted average current interest rate | 12.53% | 13.75% | |||||
SLF | Investment, Identifier [Axis]: Excel Fitness Holdings, Inc. | |||||||
Investments | |||||||
Senior secured loans | $ 4,320 | $ 4,364 | |||||
Weighted average current interest rate | 10.75% | 10.29% | |||||
SLF | Investment, Identifier [Axis]: Excel Fitness Holdings, Inc., Revolver | |||||||
Investments | |||||||
Senior secured loans | $ 625 | $ 625 | |||||
Weighted average current interest rate | 10.75% | 9.67% | |||||
SLF | Investment, Identifier [Axis]: HAH Group Holding Company LLC | |||||||
Investments | |||||||
Senior secured loans | $ 2,950 | $ 2,978 | |||||
Weighted average current interest rate | 10.46% | 9.43% | |||||
SLF | Investment, Identifier [Axis]: HALO Buyer, Inc. | |||||||
Investments | |||||||
Senior secured loans | $ 4,723 | $ 4,774 | |||||
Weighted average current interest rate | 9.96% | 8.88% | |||||
SLF | Investment, Identifier [Axis]: Harbour Benefit Holdings, Inc. 1 | |||||||
Investments | |||||||
Senior secured loans | $ 2,854 | $ 2,901 | |||||
Weighted average current interest rate | 10.50% | 9.98% | |||||
SLF | Investment, Identifier [Axis]: Harbour Benefit Holdings, Inc. 2 | |||||||
Investments | |||||||
Senior secured loans | $ 61 | $ 61 | |||||
Weighted average current interest rate | 10.46% | 9.63% | |||||
SLF | Investment, Identifier [Axis]: Intermedia Holdings, Inc. | |||||||
Investments | |||||||
Senior secured loans | $ 1,742 | $ 1,760 | |||||
Weighted average current interest rate | 11.47% | 10.38% | |||||
SLF | Investment, Identifier [Axis]: International Textile Group, Inc. | |||||||
Investments | |||||||
Senior secured loans | $ 1,664 | ||||||
Weighted average current interest rate | 9.21% | ||||||
SLF | Investment, Identifier [Axis]: Keystone Purchaser, LLC | |||||||
Investments | |||||||
Senior secured loans | $ 4,905 | $ 4,955 | |||||
Weighted average current interest rate | 11.53% | 10.60% | |||||
SLF | Investment, Identifier [Axis]: LSCS Holdings, Inc. | |||||||
Investments | |||||||
Senior secured loans | $ 1,809 | $ 1,828 | |||||
Weighted average current interest rate | 9.97% | 8.88% | |||||
SLF | Investment, Identifier [Axis]: Largest Portfolio Company Investment | |||||||
Investments | |||||||
Senior secured loans | $ 6,580 | $ 6,650 | |||||
SLF | Investment, Identifier [Axis]: Laseraway Intermediate Holdings II, LLC | |||||||
Investments | |||||||
Senior secured loans | $ 2,178 | $ 2,200 | |||||
Weighted average current interest rate | 11.41% | 9.76% | |||||
SLF | Investment, Identifier [Axis]: Lightbox Intermediate, L.P. | |||||||
Investments | |||||||
Senior secured loans | $ 4,775 | $ 4,825 | |||||
Weighted average current interest rate | 10.61% | 9.73% | |||||
SLF | Investment, Identifier [Axis]: Liqui-Box Holdings, Inc. | |||||||
Investments | |||||||
Senior secured loans | $ 4,225 | ||||||
Weighted average current interest rate | 9.23% | ||||||
SLF | Investment, Identifier [Axis]: MacQueen Equipment, LLC | |||||||
Investments | |||||||
Senior secured loans | $ 2,075 | $ 2,096 | |||||
Weighted average current interest rate | 10.86% | 9.98% | |||||
SLF | Investment, Identifier [Axis]: MacQueen Equipment, LLC, Delayed Draw | |||||||
Investments | |||||||
Senior secured loans | $ 591 | $ 592 | |||||
Weighted average current interest rate | 10.86% | 9.98% | |||||
SLF | Investment, Identifier [Axis]: MacQueen Equipment, LLC, Revolver | |||||||
Investments | |||||||
Senior secured loans | $ 296 | $ 296 | |||||
Weighted average current interest rate | 10.86% | 9.98% | |||||
SLF | Investment, Identifier [Axis]: Mavenir Systems, Inc. | |||||||
Investments | |||||||
Senior secured loans | $ 1,638 | $ 1,654 | |||||
Weighted average current interest rate | 10.39% | 9.42% | |||||
SLF | Investment, Identifier [Axis]: McKissock Investment Holdings, LLC | |||||||
Investments | |||||||
Senior secured loans | $ 2,456 | $ 2,481 | |||||
Weighted average current interest rate | 10.54% | 8.87% | |||||
SLF | Investment, Identifier [Axis]: Minotaur Acquisition, Inc. | |||||||
Investments | |||||||
Senior secured loans | $ 4,806 | $ 4,857 | |||||
Weighted average current interest rate | 10.21% | 9.17% | |||||
SLF | Investment, Identifier [Axis]: Natus Medical Incorporated | |||||||
Investments | |||||||
Senior secured loans | $ 4,950 | $ 5,000 | |||||
Weighted average current interest rate | 10.85% | 8.68% | |||||
SLF | Investment, Identifier [Axis]: North Haven Spartan US Holdco, LLC | |||||||
Investments | |||||||
Senior secured loans | $ 2,250 | $ 2,280 | |||||
Weighted average current interest rate | 11.63% | 10.71% | |||||
SLF | Investment, Identifier [Axis]: Offen, Inc. 1 | |||||||
Investments | |||||||
Senior secured loans | $ 2,249 | $ 2,249 | |||||
Weighted average current interest rate | 10.47% | 9.38% | |||||
SLF | Investment, Identifier [Axis]: Offen, Inc. 2 | |||||||
Investments | |||||||
Senior secured loans | $ 858 | $ 867 | |||||
Weighted average current interest rate | 10.47% | 9.38% | |||||
SLF | Investment, Identifier [Axis]: Orbit Purchaser LLC 1 | |||||||
Investments | |||||||
Senior secured loans | $ 2,406 | ||||||
Weighted average current interest rate | 9.23% | ||||||
SLF | Investment, Identifier [Axis]: Orbit Purchaser LLC 2 | |||||||
Investments | |||||||
Senior secured loans | $ 1,858 | ||||||
Weighted average current interest rate | 9.23% | ||||||
SLF | Investment, Identifier [Axis]: Orbit Purchaser LLC 3 | |||||||
Investments | |||||||
Senior secured loans | $ 543 | ||||||
Weighted average current interest rate | 9.23% | ||||||
SLF | Investment, Identifier [Axis]: Output Services Group, Inc. | |||||||
Investments | |||||||
Senior secured loans | $ 1,042 | $ 4,807 | |||||
Weighted average current interest rate | 12.07% | ||||||
SLF | Investment, Identifier [Axis]: Output Services Group, Inc., Class A units | |||||||
Investments | |||||||
Senior secured loans | $ 51 | ||||||
SLF | Investment, Identifier [Axis]: PH Beauty Holdings III, INC. | |||||||
Investments | |||||||
Senior secured loans | $ 2,368 | $ 2,393 | |||||
Weighted average current interest rate | 10.35% | 9.73% | |||||
SLF | Investment, Identifier [Axis]: PVHC Holding Corp | |||||||
Investments | |||||||
Senior secured loans | $ 1,895 | $ 3,184 | |||||
Weighted average current interest rate | 9.48% | ||||||
SLF | Investment, Identifier [Axis]: Paragon Healthcare, Inc. | |||||||
Investments | |||||||
Senior secured loans | $ 2,127 | ||||||
Weighted average current interest rate | 9.81% | ||||||
SLF | Investment, Identifier [Axis]: Paragon Healthcare, Inc. 1 | |||||||
Investments | |||||||
Senior secured loans | $ 2,105 | ||||||
Weighted average current interest rate | 11.25% | ||||||
SLF | Investment, Identifier [Axis]: Paragon Healthcare, Inc. 2 | |||||||
Investments | |||||||
Senior secured loans | $ 363 | ||||||
Weighted average current interest rate | 11.22% | ||||||
SLF | Investment, Identifier [Axis]: Paragon Healthcare, Inc., Delayed Draw | |||||||
Investments | |||||||
Senior secured loans | $ 366 | ||||||
Weighted average current interest rate | 10.06% | ||||||
SLF | Investment, Identifier [Axis]: Paragon Healthcare, Inc., Revolver | |||||||
Investments | |||||||
Senior secured loans | $ 490 | $ 490 | |||||
Weighted average current interest rate | 11.22% | 10.26% | |||||
SLF | Investment, Identifier [Axis]: Phoenix Chemical Holding Company LLC | |||||||
Investments | |||||||
Senior secured loans | $ 1,131 | ||||||
Weighted average current interest rate | 12.47% | ||||||
SLF | Investment, Identifier [Axis]: Phoenix Chemical Holding Company LLC (fka Polymer Solutions Group) | |||||||
Investments | |||||||
Senior secured loans | $ 1,139 | ||||||
Weighted average current interest rate | 11.39% | ||||||
SLF | Investment, Identifier [Axis]: Polychem Acquisition, LLC | |||||||
Investments | |||||||
Senior secured loans | $ 2,858 | $ 2,888 | |||||
Weighted average current interest rate | 10.47% | 9.38% | |||||
SLF | Investment, Identifier [Axis]: Polyventive Lender Holding Company LLC, Equity | |||||||
Investments | |||||||
Percentage of equity interest | 0.84% | ||||||
Senior secured loans | $ 0 | ||||||
SLF | Investment, Identifier [Axis]: Radiology Partners, Inc. | |||||||
Investments | |||||||
Senior secured loans | $ 4,737 | $ 4,760 | |||||
Weighted average current interest rate | 10.18% | 8.64% | |||||
SLF | Investment, Identifier [Axis]: Research Now Group, Inc. and Survey Sampling International, LLC | |||||||
Investments | |||||||
Senior secured loans | $ 6,580 | $ 6,650 | |||||
Weighted average current interest rate | 11.14% | 8.84% | |||||
SLF | Investment, Identifier [Axis]: Runner Buyer INC. | |||||||
Investments | |||||||
Senior secured loans | $ 2,948 | $ 2,978 | |||||
Weighted average current interest rate | 11% | 10.23% | |||||
SLF | Investment, Identifier [Axis]: SIRVA Worldwide Inc. | |||||||
Investments | |||||||
Senior secured loans | $ 1,750 | $ 1,800 | |||||
Weighted average current interest rate | 11.15% | 10.23% | |||||
SLF | Investment, Identifier [Axis]: STATS Intermediate Holdings, LLC | |||||||
Investments | |||||||
Senior secured loans | $ 4,800 | $ 4,850 | |||||
Weighted average current interest rate | 10.88% | 9.90% | |||||
SLF | Investment, Identifier [Axis]: SW Ingredients Holdings, LLC | |||||||
Investments | |||||||
Senior secured loans | $ 3,544 | $ 3,581 | |||||
Weighted average current interest rate | 10.21% | 9.13% | |||||
SLF | Investment, Identifier [Axis]: Sandvine Corporation | |||||||
Investments | |||||||
Senior secured loans | $ 1,973 | $ 2,000 | |||||
Weighted average current interest rate | 9.97% | 8.88% | |||||
SLF | Investment, Identifier [Axis]: Secretariat Advisors LLC 1 | |||||||
Investments | |||||||
Senior secured loans | $ 1,676 | $ 1,693 | |||||
Weighted average current interest rate | 10.36% | 9.48% | |||||
SLF | Investment, Identifier [Axis]: Secretariat Advisors LLC 2 | |||||||
Investments | |||||||
Senior secured loans | $ 267 | $ 270 | |||||
Weighted average current interest rate | 10.36% | 9.48% | |||||
SLF | Investment, Identifier [Axis]: TA TT Buyer, LLC | |||||||
Investments | |||||||
Senior secured loans | $ 3,292 | $ 3,325 | |||||
Weighted average current interest rate | 10.35% | 8.98% | |||||
SLF | Investment, Identifier [Axis]: TEAM Public Choices, LLC | |||||||
Investments | |||||||
Senior secured loans | $ 2,925 | $ 2,955 | |||||
Weighted average current interest rate | 10.88% | 9.93% | |||||
SLF | Investment, Identifier [Axis]: TGG TS Acquisition Company | |||||||
Investments | |||||||
Senior secured loans | $ 2,885 | $ 3,190 | |||||
Weighted average current interest rate | 11.97% | 10.88% | |||||
SLF | Investment, Identifier [Axis]: TJC Spartech Acquisition Corp. | |||||||
Investments | |||||||
Senior secured loans | $ 4,210 | $ 4,253 | |||||
Weighted average current interest rate | 10.16% | 8.53% | |||||
SLF | Investment, Identifier [Axis]: Tait LLC | |||||||
Investments | |||||||
Senior secured loans | $ 4,040 | $ 4,083 | |||||
Weighted average current interest rate | 10% | 8.75% | |||||
SLF | Investment, Identifier [Axis]: Tait LLC, Revolver | |||||||
Investments | |||||||
Senior secured loans | $ 769 | $ 769 | |||||
Weighted average current interest rate | 10% | 10.25% | |||||
SLF | Investment, Identifier [Axis]: Teneo Holdings LLC | |||||||
Investments | |||||||
Senior secured loans | $ 4,787 | $ 4,837 | |||||
Weighted average current interest rate | 10.71% | 9.67% | |||||
SLF | Investment, Identifier [Axis]: The Cook & Boardman Group LLC | |||||||
Investments | |||||||
Senior secured loans | $ 2,879 | ||||||
Weighted average current interest rate | 9.99% | ||||||
SLF | Investment, Identifier [Axis]: The Kleinfelder Group, Inc. | |||||||
Investments | |||||||
Senior secured loans | $ 2,362 | ||||||
Weighted average current interest rate | 9.98% | ||||||
SLF | Investment, Identifier [Axis]: Top Five Largest Portfolio Company Investments | |||||||
Investments | |||||||
Senior secured loans | $ 26,415 | $ 27,026 | |||||
SLF | Investment, Identifier [Axis]: Trident Maritime Systems, Inc. 1 | |||||||
Investments | |||||||
Senior secured loans | $ 2,414 | $ 2,445 | |||||
Weighted average current interest rate | 10.95% | 9.48% | |||||
SLF | Investment, Identifier [Axis]: Trident Maritime Systems, Inc. 2 | |||||||
Investments | |||||||
Senior secured loans | $ 746 | $ 746 | |||||
Weighted average current interest rate | 10.95% | 9.48% | |||||
SLF | Investment, Identifier [Axis]: Trident Maritime Systems, Inc. 3 | |||||||
Investments | |||||||
Senior secured loans | $ 188 | ||||||
Weighted average current interest rate | 10.96% | ||||||
SLF | Investment, Identifier [Axis]: Trident Maritime Systems, Inc., Revolver | |||||||
Investments | |||||||
Senior secured loans | $ 319 | $ 319 | |||||
Weighted average current interest rate | 10.96% | 9.08% | |||||
SLF | Investment, Identifier [Axis]: Truck-Lite Co., LLC 1 | |||||||
Investments | |||||||
Senior secured loans | $ 1,674 | $ 1,691 | |||||
Weighted average current interest rate | 11.71% | 11.14% | |||||
SLF | Investment, Identifier [Axis]: Truck-Lite Co., LLC 2 | |||||||
Investments | |||||||
Senior secured loans | $ 248 | $ 251 | |||||
Weighted average current interest rate | 11.71% | 11.14% | |||||
SLF | Investment, Identifier [Axis]: Truck-Lite Co., LLC 3 | |||||||
Investments | |||||||
Senior secured loans | $ 42 | $ 43 | |||||
Weighted average current interest rate | 11.71% | 11.14% | |||||
SLF | Investment, Identifier [Axis]: Wheel Pros, Inc. | |||||||
Investments | |||||||
Senior secured loans | $ 1,932 | ||||||
Weighted average current interest rate | 8.82% | ||||||
SLF | Equity Interest Subscriptions | |||||||
Investments | |||||||
Funded amount | $ 42,650 | $ 42,650 | |||||
Outstanding commitments to fund investments under undrawn revolvers and delayed draw commitments | 50,000 | 50,000 | |||||
SLF | |||||||
Investments | |||||||
Committed capital | 100,000 | 100,000 | |||||
Funded amount | 85,300 | 85,300 | |||||
Total assets at fair value | $ 148,449 | $ 192,830 | |||||
Number of portfolio company investments on non-accrual status | investment | 4 | 1 | |||||
Investments on non-accrual status with a fair value | $ 4,260 | $ 415 | |||||
Outstanding commitments to fund investments under undrawn revolvers and delayed draw commitments | 3,332 | 4,579 | |||||
SLF | Administrative arrangement with MC Management | |||||||
Investments | |||||||
Allocable expenses | 209 | $ 237 | $ 211 | ||||
SLF | Senior Secured Revolving Credit Facility | |||||||
Investments | |||||||
Maximum borrowing capacity | $ 110,000 | $ 175,000 | |||||
SLF | Senior Secured Revolving Credit Facility | Secured Overnight Financing Rate (SOFR) | |||||||
Investments | |||||||
Interest rate, basis spread | 2.10% | ||||||
[1] All or a portion of this commitment was unfunded at December 31, 2023. As such, interest is earned only on the funded portion of this commitment. All or a portion of this commitment was unfunded at December 31, 2022. As such, interest is earned only on the funded portion of this commitment. This delayed draw loan requires that certain financial covenants be met by the portfolio company prior to any fundings. This position was on non-accrual status as of December 31, 2022, meaning that the Company has ceased accruing interest income on the position. See Note 2 in the accompanying notes to the consolidated financial statements for additional information on the Company’s accounting policies. During the year ended December 31, 2022, Curion Holdings, LLC (“Curion”) sold the underlying operating company and repaid the Company’s debt investment. The remaining fair value at December 31, 2022 represents the remaining expected escrow proceeds associated with the sale. The Company continues to hold an equity investment in Curion that is valued at zero at December 31, 2022. This investment is a non-income producing security. This investment is treated as a non-qualifying investment under Section 55(a) of the 1940 Act. Under the 1940 Act, the Company may not acquire any non-qualifying asset unless, at the time the acquisition is made, qualifying assets represent at least 70% of the Company’s total assets. As of December 31, 2023, non-qualifying assets totaled 23.6% of the Company’s total assets. This investment is treated as a non-qualifying investment under Section 55(a) of the 1940 Act. Under the 1940 Act, the Company may not acquire any non-qualifying asset unless, at the time the acquisition is made, qualifying assets represent at least 70% of the Company’s total assets. As of December 31, 2022, non-qualifying assets totaled 24.7% of the Company’s total assets. The Company restructured its investments in HFZ Capital Group LLC (“HFZ”) and HFZ Member RB portfolio, LLC (“Member RB”) during 2020. As part of the restructuring of HFZ, the Company obtained a 15.9% equity interest in MC Asset Management (Corporate), LLC (“Corporate”). As part of the Member RB restructuring, the Company exchanged its loan in Member RB for a promissory note in MC Asset Management (Industrial), LLC (“Industrial”). Corporate owns 100% of the equity of Industrial. In conjunction with these restructurings, the Company participated $4,758 of principal of its loan to HFZ as an equity contribution to Industrial. This participation did not qualify for sale accounting under ASC Topic 860–Transfers and Servicing because the sale did not meet the definition of a “participating interest”, as defined in the guidance, in order for sale treatment to be allowed. As a result, the Company continues to reflect its full investment in HFZ but has split the loan into two investments. This is an international company. Investment is held by a taxable subsidiary of the Company. See Note 2 in the accompanying notes to the consolidated financial statements for additional information on the Company’s wholly-owned taxable subsidiaries. Investment is held by a taxable subsidiary of the Company. See Note 2 in the accompanying notes to the consolidated financial statements for additional information on the Company’s wholly-owned taxable subsidiaries. Note 2 in the accompanying notes to the consolidated financial statements for additional information on the Company’s accounting policies. This loan is denominated in Australian dollars and is translated into U.S. dollars as of the valuation date. During 2020, an arbitrator issued a final award in favor of the estate of Rockdale Blackhawk, LLC (the “Estate”) in the legal proceeding between the Estate and a national insurance carrier. The Company's share of the net proceeds from the award exceeded the contractual obligations due to the Company as a result of the Company’s right to receive excess proceeds pursuant to the terms of a sharing agreement between the lenders and the Estate. This investment is a non-income producing security. This investment represents a note convertible to preferred shares of the borrower. |
Investments - Schedule of Inves
Investments - Schedule of Investments (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in cash | [1] | 10.92% | ||||
Investments, at fair value | $ 488,386 | [2],[3] | $ 541,040 | [4],[5] | ||
Number of units held | 81 | |||||
Aerospace & Defense | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 7,876 | $ 7,436 | ||||
Automotive | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 18,495 | 16,637 | ||||
Beverage, Food & Tobacco | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 6,098 | 12,470 | ||||
Capital Equipment | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 4,893 | 19,012 | ||||
Chemicals, Plastics & Rubber | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 3,987 | 4,445 | ||||
Consumer Goods: Durable | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 8,242 | 9,338 | ||||
FIRE: Finance | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 15,388 | 23,892 | ||||
FIRE: Real Estate | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 85,153 | 82,498 | ||||
Healthcare & Pharmaceuticals | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 69,354 | 59,273 | ||||
High Tech Industries | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 40,723 | 52,891 | ||||
Hotels, Gaming & Leisure | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 110 | 2,720 | ||||
Media: Diversified & Production | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 41,897 | 36,164 | ||||
Services: Business | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 56,655 | 57,308 | ||||
Services: Consumer | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 16,772 | 31,324 | ||||
Telecommunications | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 7,508 | 7,595 | ||||
Wholesale | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 15,182 | 14,165 | ||||
Construction & Building | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 8,813 | 6,706 | ||||
Media: Advertising, Printing & Publishing | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 20,238 | 19,777 | ||||
Senior secured loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 388,882 | 434,023 | ||||
Equity Securities | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 25,911 | 28,682 | ||||
Non-controlled/non-affiliate company investments | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 371,723 | [2],[3] | 418,913 | [4],[5] | ||
Non-controlled/non-affiliate company investments | Senior secured loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 358,567 | [2] | 425,065 | [5] | ||
Investments, at fair value | 323,684 | [2],[3] | 365,806 | [4],[5] | ||
Non-controlled/non-affiliate company investments | Senior secured loans | Automotive | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 22,056 | [2] | 20,441 | [5] | ||
Investments, at fair value | 18,438 | [2],[3] | 16,326 | [4],[5] | ||
Non-controlled/non-affiliate company investments | Senior secured loans | Beverage, Food & Tobacco | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 3,107 | [2] | 9,782 | [5] | ||
Investments, at fair value | 2,869 | [2],[3] | 8,358 | [4],[5] | ||
Non-controlled/non-affiliate company investments | Senior secured loans | Capital Equipment | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 4,987 | [2] | 20,572 | [5] | ||
Investments, at fair value | 4,893 | [2],[3] | 18,808 | [4],[5] | ||
Non-controlled/non-affiliate company investments | Senior secured loans | Chemicals, Plastics & Rubber | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 3,473 | [2] | 3,466 | [5] | ||
Investments, at fair value | 3,680 | [2],[3] | 3,890 | [4],[5] | ||
Non-controlled/non-affiliate company investments | Senior secured loans | Consumer Goods: Durable | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 10,017 | [2] | 11,292 | [5] | ||
Investments, at fair value | 8,186 | [2],[3] | 9,236 | [4],[5] | ||
Non-controlled/non-affiliate company investments | Senior secured loans | Consumer Goods: Non-Durable | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 3,527 | [2] | 3,536 | [5] | ||
Investments, at fair value | 2,387 | [2],[3] | 3,508 | [4],[5] | ||
Non-controlled/non-affiliate company investments | Senior secured loans | FIRE: Finance | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 16,552 | [2] | 29,660 | [5] | ||
Investments, at fair value | 15,013 | [2],[3] | 23,495 | [4],[5] | ||
Non-controlled/non-affiliate company investments | Senior secured loans | FIRE: Real Estate | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 5,301 | [2] | 7,857 | [5] | ||
Investments, at fair value | 3,967 | [2],[3] | 6,926 | [4],[5] | ||
Non-controlled/non-affiliate company investments | Senior secured loans | Healthcare & Pharmaceuticals | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 70,729 | [2] | 61,092 | [5] | ||
Investments, at fair value | 62,727 | [2],[3] | 46,159 | [4],[5] | ||
Non-controlled/non-affiliate company investments | Senior secured loans | High Tech Industries | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 32,001 | [2] | 42,877 | [5] | ||
Investments, at fair value | 29,769 | [2],[3] | 38,519 | [4],[5] | ||
Non-controlled/non-affiliate company investments | Senior secured loans | Hotels, Gaming & Leisure | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | [5] | 3,097 | ||||
Investments, at fair value | [4],[5] | 2,611 | ||||
Non-controlled/non-affiliate company investments | Senior secured loans | Media: Diversified & Production | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 46,647 | [2] | 43,230 | [5] | ||
Investments, at fair value | 41,275 | [2],[3] | 35,592 | [4],[5] | ||
Non-controlled/non-affiliate company investments | Senior secured loans | Services: Business | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 54,873 | [2] | 58,660 | [5] | ||
Investments, at fair value | 52,035 | [2],[3] | 52,627 | [4],[5] | ||
Non-controlled/non-affiliate company investments | Senior secured loans | Services: Consumer | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 14,884 | [2] | 30,570 | [5] | ||
Investments, at fair value | 13,724 | [2],[3] | 28,507 | [4],[5] | ||
Non-controlled/non-affiliate company investments | Senior secured loans | Telecommunications | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 6,185 | [2] | 5,998 | [5] | ||
Investments, at fair value | 5,209 | [2],[3] | 5,269 | [4],[5] | ||
Non-controlled/non-affiliate company investments | Senior secured loans | Wholesale | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 15,765 | [2] | 15,830 | [5] | ||
Investments, at fair value | 15,154 | [2],[3] | 14,165 | [4],[5] | ||
Non-controlled/non-affiliate company investments | Senior secured loans | Construction & Building | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 9,352 | [2] | 6,698 | [5] | ||
Investments, at fair value | 8,655 | [2],[3] | 6,706 | [4],[5] | ||
Non-controlled/non-affiliate company investments | Senior secured loans | Media: Advertising, Printing & Publishing | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 20,762 | [2] | 20,507 | [5] | ||
Investments, at fair value | 18,008 | [2],[3] | 17,345 | [4],[5] | ||
Non-controlled/non-affiliate company investments | Equity Securities | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 13,107 | [2],[3],[6],[7] | 16,131 | [4],[5],[8],[9] | ||
Non-controlled/non-affiliate company investments | Equity Securities | Automotive | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 57 | [2],[3],[6],[7] | 311 | [4],[5],[8],[9] | ||
Non-controlled/non-affiliate company investments | Equity Securities | Beverage, Food & Tobacco | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [4],[5],[8],[9] | 1,266 | ||||
Non-controlled/non-affiliate company investments | Equity Securities | Capital Equipment | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [4],[5],[8],[9] | 204 | ||||
Non-controlled/non-affiliate company investments | Equity Securities | Chemicals, Plastics & Rubber | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 307 | [2],[3],[6],[7] | 555 | [4],[5],[8],[9] | ||
Non-controlled/non-affiliate company investments | Equity Securities | Consumer Goods: Durable | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 56 | [2],[3],[6],[7] | 102 | [4],[5],[8],[9] | ||
Non-controlled/non-affiliate company investments | Equity Securities | FIRE: Finance | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 375 | [2],[3],[6],[7] | 397 | [4],[5],[8],[9] | ||
Non-controlled/non-affiliate company investments | Equity Securities | FIRE: Real Estate | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 2,152 | [2],[3],[6],[7] | 1,047 | [4],[5],[8],[9] | ||
Non-controlled/non-affiliate company investments | Equity Securities | Healthcare & Pharmaceuticals | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 2,469 | [2],[3],[6],[7] | 2,303 | [4],[5],[8],[9] | ||
Non-controlled/non-affiliate company investments | Equity Securities | High Tech Industries | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 1,714 | [2],[3],[6],[7] | 1,340 | [4],[5],[8],[9] | ||
Non-controlled/non-affiliate company investments | Equity Securities | Hotels, Gaming & Leisure | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 110 | [2],[3],[6],[7] | 109 | [4],[5],[8],[9] | ||
Non-controlled/non-affiliate company investments | Equity Securities | Media: Diversified & Production | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 622 | [2],[3],[6],[7] | 572 | [4],[5],[8],[9] | ||
Non-controlled/non-affiliate company investments | Equity Securities | Services: Business | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 869 | [2],[3],[6],[7] | 921 | [4],[5],[8],[9] | ||
Non-controlled/non-affiliate company investments | Equity Securities | Services: Consumer | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 450 | [2],[3],[6],[7] | 553 | [4],[5],[8],[9] | ||
Non-controlled/non-affiliate company investments | Equity Securities | Telecommunications | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 49 | [2],[3],[6],[7] | 69 | [4],[5],[8],[9] | ||
Non-controlled/non-affiliate company investments | Equity Securities | Wholesale | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 28 | [2],[3],[6],[7] | 0 | [4],[8],[9] | ||
Non-controlled/non-affiliate company investments | Equity Securities | Construction & Building | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [2],[3],[6],[7] | 158 | ||||
Non-controlled/non-affiliate company investments | Equity Securities | Media: Advertising, Printing & Publishing | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 2,230 | [2],[3],[6],[7] | 2,432 | [4],[5],[8],[9] | ||
MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 139,914 | $ 183,150 | ||||
Percentage of equity interest | 50% | 50% | ||||
MRCC Senior Loan Fund I, LLC | Senior secured loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate | 10.20% | 9.70% | ||||
Principal | $ 150,674 | $ 197,867 | ||||
MRCC Senior Loan Fund I, LLC | Non-controlled/non-affiliate company investments | Senior secured loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 154,006 | |||||
Investments, at fair value | 139,373 | |||||
MRCC Senior Loan Fund I, LLC | Non-controlled/non-affiliate company investments | Senior secured loans | Aerospace & Defense | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 3,667 | 8,083 | ||||
Investments, at fair value | 3,623 | 7,612 | ||||
MRCC Senior Loan Fund I, LLC | Non-controlled/non-affiliate company investments | Senior secured loans | Automotive | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 3,842 | 5,828 | ||||
Investments, at fair value | 3,685 | 4,690 | ||||
MRCC Senior Loan Fund I, LLC | Non-controlled/non-affiliate company investments | Senior secured loans | Beverage, Food & Tobacco | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 3,544 | 4,647 | ||||
Investments, at fair value | 3,539 | 3,996 | ||||
MRCC Senior Loan Fund I, LLC | Non-controlled/non-affiliate company investments | Senior secured loans | Capital Equipment | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 5,662 | 10,537 | ||||
Investments, at fair value | 4,859 | 9,323 | ||||
MRCC Senior Loan Fund I, LLC | Non-controlled/non-affiliate company investments | Senior secured loans | Chemicals, Plastics & Rubber | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 5,341 | 5,392 | ||||
Investments, at fair value | 5,083 | 5,263 | ||||
MRCC Senior Loan Fund I, LLC | Non-controlled/non-affiliate company investments | Senior secured loans | Consumer Goods: Durable | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 3,746 | 4,642 | ||||
Investments, at fair value | 3,131 | 3,280 | ||||
MRCC Senior Loan Fund I, LLC | Non-controlled/non-affiliate company investments | Senior secured loans | Consumer Goods: Non-Durable | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 2,368 | 2,393 | ||||
Investments, at fair value | 2,253 | 1,950 | ||||
MRCC Senior Loan Fund I, LLC | Non-controlled/non-affiliate company investments | Senior secured loans | Container and Packaging Sector | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 4,753 | 10,297 | ||||
Investments, at fair value | 4,750 | 10,146 | ||||
MRCC Senior Loan Fund I, LLC | Non-controlled/non-affiliate company investments | Senior secured loans | Energy: Oil and Gas | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 3,107 | 7,585 | ||||
Investments, at fair value | 3,107 | 7,429 | ||||
MRCC Senior Loan Fund I, LLC | Non-controlled/non-affiliate company investments | Senior secured loans | FIRE: Finance | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 10,646 | 10,774 | ||||
Investments, at fair value | 10,635 | 10,437 | ||||
MRCC Senior Loan Fund I, LLC | Non-controlled/non-affiliate company investments | Senior secured loans | FIRE: Real Estate | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 4,775 | 4,800 | ||||
Investments, at fair value | 1,564 | 4,020 | ||||
MRCC Senior Loan Fund I, LLC | Non-controlled/non-affiliate company investments | Senior secured loans | Healthcare & Pharmaceuticals | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 19,354 | 19,519 | ||||
Investments, at fair value | 16,475 | 17,250 | ||||
MRCC Senior Loan Fund I, LLC | Non-controlled/non-affiliate company investments | Senior secured loans | High Tech Industries | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 11,060 | 11,615 | ||||
Investments, at fair value | 10,746 | 11,164 | ||||
MRCC Senior Loan Fund I, LLC | Non-controlled/non-affiliate company investments | Senior secured loans | Hotels, Gaming & Leisure | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 12,004 | 12,121 | ||||
Investments, at fair value | 10,575 | 10,582 | ||||
MRCC Senior Loan Fund I, LLC | Non-controlled/non-affiliate company investments | Senior secured loans | Media: Diversified & Production | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 14,672 | 14,825 | ||||
Investments, at fair value | 12,873 | 12,775 | ||||
MRCC Senior Loan Fund I, LLC | Non-controlled/non-affiliate company investments | Senior secured loans | Services: Business | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 21,002 | 37,388 | ||||
Investments, at fair value | 20,195 | 34,118 | ||||
MRCC Senior Loan Fund I, LLC | Non-controlled/non-affiliate company investments | Senior secured loans | Services: Consumer | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 7,579 | 7,653 | ||||
Investments, at fair value | 7,557 | 6,880 | ||||
MRCC Senior Loan Fund I, LLC | Non-controlled/non-affiliate company investments | Senior secured loans | Telecommunications | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 5,353 | 5,414 | ||||
Investments, at fair value | 4,444 | 4,614 | ||||
MRCC Senior Loan Fund I, LLC | Non-controlled/non-affiliate company investments | Senior secured loans | Transportation: Cargo | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 4,905 | 4,955 | ||||
Investments, at fair value | 4,868 | 4,955 | ||||
MRCC Senior Loan Fund I, LLC | Non-controlled/non-affiliate company investments | Senior secured loans | Utilities, Oil & Gas Sector | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 1,903 | 1,923 | ||||
Investments, at fair value | 1,841 | 1,858 | ||||
MRCC Senior Loan Fund I, LLC | Non-controlled/non-affiliate company investments | Senior secured loans | Wholesale | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 4,723 | 4,774 | ||||
Investments, at fair value | 3,570 | 4,219 | ||||
MRCC Senior Loan Fund I, LLC | Non-controlled/non-affiliate company investments | Senior secured loans | Construction & Building | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 2,879 | |||||
Investments, at fair value | 2,458 | |||||
MRCC Senior Loan Fund I, LLC | Non-controlled/non-affiliate company investments | Senior secured loans | Media: Advertising, Printing & Publishing | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 4,404 | |||||
Investments, at fair value | $ 4,131 | |||||
MRCC Senior Loan Fund I, LLC | Non-controlled/non-affiliate company investments | Equity Securities | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 77 | |||||
Investments, at fair value | 541 | |||||
MRCC Senior Loan Fund I, LLC | Non-controlled/non-affiliate company investments | Equity Securities | Chemicals, Plastics & Rubber | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 0 | |||||
Investments, at fair value | 0 | |||||
MRCC Senior Loan Fund I, LLC | Non-controlled/non-affiliate company investments | Equity Securities | Consumer Goods: Durable | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 26 | |||||
Investments, at fair value | 103 | |||||
MRCC Senior Loan Fund I, LLC | Non-controlled/non-affiliate company investments | Equity Securities | Services: Business | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 51 | |||||
Investments, at fair value | $ 438 | |||||
Investment, Identifier [Axis]: 360Holdco, Inc. | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5% | |||||
Interest rate | 9.42% | |||||
Principal | $ 2,145 | |||||
Investments, at fair value | $ 2,145 | |||||
Investment, Identifier [Axis]: 360Holdco, Inc. 1 | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.60% | |||||
Interest rate | 10.96% | |||||
Principal | $ 2,124 | |||||
Investments, at fair value | $ 2,124 | |||||
Investment, Identifier [Axis]: 360Holdco, Inc. 2 | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.60% | |||||
Interest rate | 10.96% | |||||
Principal | $ 821 | |||||
Investments, at fair value | 821 | |||||
Investment, Identifier [Axis]: 360Holdco, Inc., Delayed Draw | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5% | |||||
Interest rate | 9.42% | |||||
Principal | $ 827 | |||||
Investments, at fair value | 252 | |||||
Investment, Identifier [Axis]: APCO Worldwide, Inc, Equity Securities, Class A voting common stock | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [4] | $ 921 | ||||
Number of units held | 100 | |||||
Investment, Identifier [Axis]: APCO Worldwide, Inc., Equity Securities, Class A voting common stock | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [3] | $ 869 | ||||
Number of units held | 100 | |||||
Investment, Identifier [Axis]: AQ Carver Buyer, Inc. | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5% | |||||
Interest rate | 9.38% | |||||
Principal | $ 4,838 | |||||
Investments, at fair value | $ 4,834 | |||||
Investment, Identifier [Axis]: ASG II, LLC, Unitranche Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.40% | [10] | 6.25% | [11] | ||
Interest rate | 11.78% | 10.67% | ||||
Principal | $ 1,900 | $ 1,900 | ||||
Investments, at fair value | $ 1,900 | [3] | $ 1,900 | [4] | ||
Investment, Identifier [Axis]: ASG II, LLC, Unitranche Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.40% | [10],[12],[13] | 6.25% | [1],[11],[14] | ||
Interest rate | 11.78% | [12],[13] | 10.67% | [1],[14] | ||
Principal | $ 285 | [12],[13] | $ 285 | [1],[14] | ||
Investments, at fair value | $ 171 | [3],[12],[13] | $ 51 | [1],[4],[14] | ||
Investment, Identifier [Axis]: Accelerate Auto Works Intermediate, LLC | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 4.50% | |||||
Interest rate | 9.23% | |||||
Principal | $ 1,391 | |||||
Investments, at fair value | $ 1,386 | |||||
Investment, Identifier [Axis]: Accelerate Auto Works Intermediate, LLC (Revolver) | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 4.90% | |||||
Interest rate | 10.29% | |||||
Principal | $ 132 | |||||
Investments, at fair value | $ 0 | |||||
Investment, Identifier [Axis]: Accelerate Auto Works Intermediate, LLC 1 | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 4.90% | |||||
Interest rate | 10.29% | |||||
Principal | $ 1,358 | |||||
Investments, at fair value | $ 1,342 | |||||
Investment, Identifier [Axis]: Accelerate Auto Works Intermediate, LLC 2 | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 4.90% | |||||
Interest rate | 10.30% | |||||
Principal | $ 388 | |||||
Investments, at fair value | 383 | |||||
Investment, Identifier [Axis]: Accelerate Auto Works Intermediate, LLC. Delayed Draw | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 4.50% | |||||
Interest rate | 9.23% | |||||
Principal | $ 388 | |||||
Investments, at fair value | $ 0 | |||||
Investment, Identifier [Axis]: Accelerate Auto Works Intermediate, LLC. Revolver | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 4.50% | |||||
Interest rate | 9.23% | |||||
Principal | $ 132 | |||||
Investments, at fair value | 0 | |||||
Investment, Identifier [Axis]: AdTheorent Holding Company, Inc, Equity Securities, Common stock | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [3],[15],[16] | $ 257 | ||||
Number of units held | [15],[16] | 177,362 | ||||
Investment, Identifier [Axis]: AdTheorent Holding Company, Inc., Equity Securities, Common stock | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [4],[17],[18] | $ 294 | ||||
Number of units held | [17],[18] | 177,362 | ||||
Investment, Identifier [Axis]: Amelia Holding II, LLC , Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10],[12],[13] | 10.26% | ||||
Interest rate paid in cash | [12],[13] | 14.61% | ||||
Interest rate paid in kind | [12],[13] | 1% | ||||
Principal | [12],[13] | $ 668 | ||||
Investments, at fair value | [3],[12],[13] | 510 | ||||
Investment, Identifier [Axis]: Amelia Holding II, LLC, Equity Securities, Warrant | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 29 | [3] | $ 0 | [4] | ||
Percentage of equity interest | 0.10% | |||||
Investment, Identifier [Axis]: Amelia Holding II, LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 10.26% | [10] | 10.26% | [11] | ||
Interest rate paid in cash | 14.61% | 13.77% | ||||
Interest rate paid in kind | 1% | 1% | ||||
Principal | $ 2,021 | $ 2,000 | ||||
Investments, at fair value | $ 2,028 | [3] | $ 1,940 | [4] | ||
Investment, Identifier [Axis]: Amelia Holding II, LLC, Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[11],[14] | 10.26% | ||||
Interest rate paid in cash | [1],[14] | 13.77% | ||||
Interest rate paid in kind | [1],[14] | 1% | ||||
Principal | [1],[14] | $ 667 | ||||
Investments, at fair value | [1],[4],[14] | $ 0 | ||||
Investment, Identifier [Axis]: Amelia Holding II, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 10% | [10],[12] | 10.26% | [1],[11] | ||
Interest rate paid in cash | 14.36% | [12] | 13.77% | [1] | ||
Interest rate paid in kind | 1% | [12] | 1% | [1] | ||
Principal | $ 133 | [12] | $ 133 | [1] | ||
Investments, at fair value | $ 27 | [3],[12] | 0 | [1],[4] | ||
Investment, Identifier [Axis]: American Broadband and Telecommunications Company LLC, Equity Securities, Warrant | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [4] | $ 69 | ||||
Investment, Identifier [Axis]: American Broadband and Telecommunications Company LLC, Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 12% | [10],[12],[13] | 12% | [1],[11],[14] | ||
Interest rate paid in cash | 18.50% | [12],[13] | 17.50% | [1],[14] | ||
Interest rate paid in kind | 2% | [12],[13] | 2% | [1],[14] | ||
Principal | $ 1,377 | [12],[13] | $ 1,689 | [1],[14] | ||
Investments, at fair value | $ 1,430 | [3],[12],[13] | $ 1,539 | [1],[4],[14] | ||
Investment, Identifier [Axis]: American Broadband and Telecommunications Company LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 12% | [10],[12] | 12% | [1],[11] | ||
Interest rate paid in cash | 18.50% | [12] | 17.50% | [1] | ||
Interest rate paid in kind | 2% | [12] | 2% | [1] | ||
Principal | $ 500 | [12] | $ 500 | [1] | ||
Investments, at fair value | 124 | [3],[12] | 118 | [1],[4] | ||
Investment, Identifier [Axis]: American Broadband and Telecommunications Company LLC, Warrants | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [3] | 49 | ||||
Investment, Identifier [Axis]: American Community Homes, Inc, Equity Securities, Common stock | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [4] | $ 0 | ||||
Number of units held | 4,940 | |||||
Investment, Identifier [Axis]: American Community Homes, Inc. (Revolver) | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 0 | $ 0 | $ 0 | |||
Investment, Identifier [Axis]: American Community Homes, Inc. , Senior Secured Loans3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 8.11% | ||||
Interest rate paid in kind | 12.44% | |||||
Principal | $ 682 | |||||
Investments, at fair value | [4] | 543 | ||||
Investment, Identifier [Axis]: American Community Homes, Inc. 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 8,953 | 10,457 | ||||
Investment, Identifier [Axis]: American Community Homes, Inc. 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 4,258 | 4,753 | ||||
Investment, Identifier [Axis]: American Community Homes, Inc. 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 543 | 634 | ||||
Investment, Identifier [Axis]: American Community Homes, Inc. 4 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 1,996 | 3,164 | ||||
Investment, Identifier [Axis]: American Community Homes, Inc. 5 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 3,694 | 4,357 | ||||
Investment, Identifier [Axis]: American Community Homes, Inc. 6 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 17 | 20 | ||||
Investment, Identifier [Axis]: American Community Homes, Inc. 7 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 85 | 99 | ||||
Investment, Identifier [Axis]: American Community Homes, Inc. Common stock | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 0 | 0 | ||||
Number of units held | 4,940 | |||||
Investment, Identifier [Axis]: American Community Homes, Inc. common stock | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 0 | $ 0 | ||||
Number of units held | 4,940 | |||||
Investment, Identifier [Axis]: American Community Homes, Inc., Equity Securities, Common stock | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [3] | $ 0 | ||||
Number of units held | 4,940 | |||||
Investment, Identifier [Axis]: American Community Homes, Inc., Senior Secured Loans 4 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 1,808 | $ 1,996 | ||||
Investment, Identifier [Axis]: American Community Homes, Inc., Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 2.11% | [10] | 8.11% | [11] | ||
Interest rate paid in kind | 7.47% | 12.44% | ||||
Principal | $ 12,648 | $ 11,246 | ||||
Investments, at fair value | $ 8,110 | [3] | $ 8,953 | [4] | ||
Investment, Identifier [Axis]: American Community Homes, Inc., Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 2.11% | [10] | 14.61% | [11] | ||
Interest rate paid in kind | 7.47% | 18.94% | ||||
Principal | $ 6,223 | $ 5,348 | ||||
Investments, at fair value | $ 3,990 | [3] | 4,258 | [4] | ||
Investment, Identifier [Axis]: American Community Homes, Inc., Senior Secured Loans 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 2.11% | ||||
Interest rate paid in kind | 7.47% | |||||
Principal | $ 767 | |||||
Investments, at fair value | $ 491 | [3] | $ 543 | |||
Investment, Identifier [Axis]: American Community Homes, Inc., Senior Secured Loans 4 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 2.11% | [10] | 8.11% | [11] | ||
Interest rate paid in kind | 7.47% | 12.44% | ||||
Principal | $ 2,819 | $ 2,507 | ||||
Investments, at fair value | $ 1,808 | [3] | $ 1,996 | [4] | ||
Investment, Identifier [Axis]: American Community Homes, Inc., Senior Secured Loans 5 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 2.11% | [10] | 8.11% | [11] | ||
Interest rate paid in kind | 7.47% | 12.44% | ||||
Principal | $ 5,219 | $ 4,640 | ||||
Investments, at fair value | $ 3,347 | [3] | $ 3,694 | [4] | ||
Investment, Identifier [Axis]: American Community Homes, Inc., Senior Secured Loans 6 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 2.11% | [10] | 8.11% | [11] | ||
Interest rate paid in kind | 7.47% | 12.44% | ||||
Principal | $ 25 | $ 22 | ||||
Investments, at fair value | $ 16 | [3] | $ 17 | [4] | ||
Investment, Identifier [Axis]: American Community Homes, Inc., Senior Secured Loans 7 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 2.11% | [10] | 8.11% | [11] | ||
Interest rate paid in kind | 7.47% | 12.44% | ||||
Principal | $ 120 | $ 106 | ||||
Investments, at fair value | $ 77 | [3] | $ 85 | [4] | ||
Investment, Identifier [Axis]: American Community Homes, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 2.11% | [10],[12] | 8.11% | [1],[11] | ||
Interest rate paid in kind | 7.47% | [12] | 12.44% | [1] | ||
Principal | $ 2,500 | [12] | $ 2,500 | [1] | ||
Investments, at fair value | $ 0 | [3],[12] | 0 | [1],[4] | ||
Investment, Identifier [Axis]: American Community Homes, Inc., Warrant | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 0 | 264 | ||||
Percentage of equity interest | 22.30% | |||||
Investment, Identifier [Axis]: Analogic Corporation | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.25% | |||||
Interest rate | 9.66% | |||||
Principal | $ 4,703 | |||||
Investments, at fair value | $ 4,433 | |||||
Investment, Identifier [Axis]: Aras Corporation | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 6.90% | ||||
Interest rate paid in cash | 9.04% | |||||
Interest rate paid in kind | 3.25% | |||||
Principal | $ 2,233 | |||||
Investments, at fair value | [3] | $ 2,250 | ||||
Investment, Identifier [Axis]: Aras Corporation (Revolver) | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10],[12] | 5.50% | ||||
Interest rate | [12] | 14% | ||||
Principal | [12] | $ 150 | ||||
Investments, at fair value | [3],[12] | $ 130 | ||||
Investment, Identifier [Axis]: Aras Corporation, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 7% | ||||
Interest rate paid in cash | 7.16% | |||||
Interest rate paid in kind | 3.75% | |||||
Principal | $ 2,155 | |||||
Investments, at fair value | [4] | $ 2,167 | ||||
Investment, Identifier [Axis]: Aras Corporation, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[11] | 6.50% | ||||
Interest rate | [1] | 9.50% | ||||
Principal | [1] | $ 150 | ||||
Investments, at fair value | [1],[4] | $ 50 | ||||
Investment, Identifier [Axis]: Arcstor Midco, LLC, Junior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 7.85% | ||||
Interest rate paid in kind | [19] | 13.21% | ||||
Principal | $ 4,572 | |||||
Investments, at fair value | [3] | $ 2,185 | ||||
Investment, Identifier [Axis]: Arcstor Midco, LLC, Junior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 8.10% | ||||
Interest rate paid in kind | [19] | 13.46% | ||||
Principal | $ 155 | |||||
Investments, at fair value | [3] | $ 155 | ||||
Investment, Identifier [Axis]: Arcstor Midco, LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 8.10% | [10] | 7.60% | [11] | ||
Interest rate paid in cash | 8.17% | |||||
Interest rate paid in kind | 13.46% | [19] | 3.75% | |||
Principal | $ 155 | $ 4,528 | ||||
Investments, at fair value | 155 | [3] | 4,122 | [4] | ||
Investment, Identifier [Axis]: Ascent Midco, L L C, Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 1,932 | 1,969 | ||||
Number of units held | 2,032,258 | |||||
Investment, Identifier [Axis]: Ascent Midco, L L C, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 0 | 6,217 | ||||
Investment, Identifier [Axis]: Ascent Midco, LLC (Revolver) | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 0 | 0 | 0 | |||
Investment, Identifier [Axis]: Ascent Midco, LLC, Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 1,969 | 2,554 | ||||
Number of units held | 2,032,258 | |||||
Investment, Identifier [Axis]: Ascent Midco, LLC, Equity Securities, Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | 8% | [20] | 8% | [21] | ||
Investments, at fair value | $ 1,932 | [3],[20] | $ 1,969 | [4],[21] | ||
Number of units held | 2,032,258 | [20] | 2,032,258 | [21] | ||
Investment, Identifier [Axis]: Ascent Midco, LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 5.75% | ||||
Interest rate | 10.14% | |||||
Principal | $ 6,217 | |||||
Investments, at fair value | $ 6,217 | [4] | 6,392 | |||
Investment, Identifier [Axis]: Ascent Midco, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[11] | 5.75% | ||||
Interest rate | [1] | 10.14% | ||||
Principal | [1] | $ 1,129 | ||||
Investments, at fair value | [1],[4] | 0 | ||||
Investment, Identifier [Axis]: Attom Intermediate Holdco, LLC, Equity Securities, Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 362 | [3],[20] | $ 522 | [4],[21] | ||
Number of units held | 297,197 | [20] | 297,197 | [21] | ||
Investment, Identifier [Axis]: Attom Intermediate Holdco, LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.86% | [10] | 6.25% | [11] | ||
Interest rate | 12.22% | 10.69% | ||||
Principal | $ 1,900 | $ 1,920 | ||||
Investments, at fair value | $ 1,870 | [3] | $ 1,915 | [4] | ||
Investment, Identifier [Axis]: Attom Intermediate Holdco, LLC, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.86% | [10] | 6.25% | [11] | ||
Interest rate | 12.22% | 10.69% | ||||
Principal | $ 463 | $ 468 | ||||
Investments, at fair value | $ 456 | [3] | $ 467 | [4] | ||
Investment, Identifier [Axis]: Attom Intermediate Holdco, LLC, Senior Secured Loans 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.86% | [10] | 6.25% | [11] | ||
Interest rate | 12.22% | 10.69% | ||||
Principal | $ 273 | $ 276 | ||||
Investments, at fair value | $ 269 | [3] | $ 275 | [4] | ||
Investment, Identifier [Axis]: Attom Intermediate Holdco, LLC, Senior Secured Loans 4 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.86% | [10] | 6.25% | [11] | ||
Interest rate | 12.22% | 10.69% | ||||
Principal | $ 788 | $ 796 | ||||
Investments, at fair value | $ 775 | [3] | $ 794 | [4] | ||
Investment, Identifier [Axis]: Attom Intermediate Holdco, LLC, Senior Secured Loans 5 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.86% | [10] | 6.25% | [11] | ||
Interest rate | 12.22% | 11.39% | ||||
Principal | $ 398 | $ 400 | ||||
Investments, at fair value | $ 392 | [3] | $ 399 | [4] | ||
Investment, Identifier [Axis]: Attom Intermediate Holdco, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.86% | [10],[12] | 6.25% | [1],[11] | ||
Interest rate | 12.22% | [12] | 10.69% | [1] | ||
Principal | $ 320 | [12] | $ 320 | [1] | ||
Investments, at fair value | $ 213 | [3],[12] | $ 0 | [1],[4] | ||
Investment, Identifier [Axis]: Avalara, Inc., Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.25% | [10] | 7.25% | [11] | ||
Interest rate | 12.60% | 11.83% | ||||
Principal | $ 4,000 | $ 4,000 | ||||
Investments, at fair value | $ 4,040 | [3] | $ 3,900 | [4] | ||
Investment, Identifier [Axis]: Avalara, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.25% | [10],[12] | 7.25% | [1],[11] | ||
Interest rate | 12.60% | [12] | 11.83% | [1] | ||
Principal | $ 400 | [12] | $ 400 | [1] | ||
Investments, at fair value | $ 0 | [3],[12] | $ 0 | [1],[4] | ||
Investment, Identifier [Axis]: Avison Young (USA) Inc. | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.75% | |||||
Interest rate | 10.19% | |||||
Principal | $ 4,800 | |||||
Investments, at fair value | 4,020 | |||||
Investment, Identifier [Axis]: Avison Young (USA) Inc. | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.50% | |||||
Interest rate | 11.97% | |||||
Principal | $ 4,775 | |||||
Investments, at fair value | 1,564 | |||||
Investment, Identifier [Axis]: BLST Operating Company, LLC, Equity Securities, Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 420 | [3],[20] | $ 420 | [4],[21] | ||
Number of units held | 139,883 | [20] | 139,883 | [21] | ||
Investment, Identifier [Axis]: BLST Operating Company, LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 9.50% | [10] | 8.50% | [11] | ||
Interest rate | [22] | 12.62% | ||||
Interest rate paid in cash | 1% | |||||
Interest rate paid in kind | 12.96% | |||||
Principal | $ 660 | $ 588 | ||||
Investments, at fair value | 620 | [3] | $ 571 | [4] | ||
Investment, Identifier [Axis]: Bluesight, Inc. , Equity Securities, Class B common units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [3] | $ 0 | ||||
Number of units held | 11,087 | |||||
Investment, Identifier [Axis]: Bluesight, Inc., Equity Securities, Class A preferred units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | 900% | |||||
Investments, at fair value | [3] | $ 19 | ||||
Number of units held | 21 | |||||
Investment, Identifier [Axis]: Bluesight, Inc., Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 7.25% | ||||
Interest rate | 12.61% | |||||
Principal | $ 2,000 | |||||
Investments, at fair value | [3] | $ 1,996 | ||||
Investment, Identifier [Axis]: Bluesight, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10],[12] | 7.25% | ||||
Interest rate | [12] | 12.61% | ||||
Principal | [12] | $ 174 | ||||
Investments, at fair value | [3],[12] | $ 0 | ||||
Investment, Identifier [Axis]: Bonterra, LLC (fka Cybergrants Holdings), Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 6.25% | ||||
Interest rate | 10.98% | |||||
Principal | $ 13,195 | |||||
Investments, at fair value | [4] | $ 12,898 | ||||
Investment, Identifier [Axis]: Bonterra, LLC (fka Cybergrants Holdings), Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[11],[14] | 6.25% | ||||
Interest rate | [1],[14] | 10.98% | ||||
Principal | [1],[14] | $ 1,906 | ||||
Investments, at fair value | [1],[4],[14] | $ 0 | ||||
Investment, Identifier [Axis]: Bonterra, LLC (fka Cybergrants Holdings), Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[11] | 6.25% | ||||
Interest rate | [1] | 10.98% | ||||
Principal | [1] | $ 1,069 | ||||
Investments, at fair value | [1],[4] | 389 | ||||
Investment, Identifier [Axis]: Bonterra, LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 7.25% | ||||
Interest rate | 12.60% | |||||
Principal | $ 13,437 | |||||
Investments, at fair value | [3] | $ 13,185 | ||||
Investment, Identifier [Axis]: Bonterra, LLC, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 8% | ||||
Interest rate paid in kind | 13.35% | |||||
Principal | $ 1,968 | |||||
Investments, at fair value | [3] | $ 1,975 | ||||
Investment, Identifier [Axis]: Bonterra, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10],[12] | 7.25% | ||||
Interest rate | [12] | 12.60% | ||||
Principal | [12] | $ 1,069 | ||||
Investments, at fair value | [3],[12] | 315 | ||||
Investment, Identifier [Axis]: Born To Run, LLC, Equity Securities, Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 0 | [3] | $ 233 | [4] | ||
Number of units held | 269,438 | 269,438 | ||||
Investment, Identifier [Axis]: Born To Run, LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.26% | [10] | 6% | [11] | ||
Interest rate | 11.64% | 10.73% | ||||
Principal | $ 3,430 | $ 3,448 | ||||
Investments, at fair value | $ 2,565 | [3] | $ 3,318 | [4] | ||
Investment, Identifier [Axis]: Born To Run, LLC, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.26% | [10] | 6% | [11] | ||
Interest rate | 11.64% | 10.73% | ||||
Principal | $ 467 | $ 470 | ||||
Investments, at fair value | $ 349 | [3] | $ 452 | [4] | ||
Investment, Identifier [Axis]: Brickell Bay Acquisition Corp., Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.65% | [10] | 6.50% | [11] | ||
Interest rate | 12.04% | 10.24% | ||||
Principal | $ 1,861 | $ 1,880 | ||||
Investments, at fair value | $ 1,861 | [3] | $ 1,847 | [4] | ||
Investment, Identifier [Axis]: Bromford Industries Limited 1 | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.25% | |||||
Interest rate | 12.75% | |||||
Principal | $ 2,744 | |||||
Investments, at fair value | $ 2,581 | |||||
Investment, Identifier [Axis]: Bromford Industries Limited 2 | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.25% | |||||
Interest rate | 12.75% | |||||
Principal | $ 1,829 | |||||
Investments, at fair value | $ 1,720 | |||||
Investment, Identifier [Axis]: Burroughs, Inc. | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 7.60% | ||||
Interest rate | 12.94% | |||||
Principal | $ 4,901 | |||||
Investments, at fair value | [3] | $ 4,901 | ||||
Investment, Identifier [Axis]: Burroughs, Inc. (Revolver) | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 7.60% | ||||
Interest rate | 12.94% | |||||
Principal | $ 1,215 | |||||
Investments, at fair value | [3] | 1,215 | ||||
Investment, Identifier [Axis]: Burroughs, Inc., Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 6.50% | ||||
Interest rate | 10.72% | |||||
Principal | $ 5,201 | |||||
Investments, at fair value | [4] | $ 5,201 | ||||
Investment, Identifier [Axis]: Burroughs, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[11] | 6.50% | ||||
Interest rate | [1] | 10.72% | ||||
Principal | [1] | $ 1,215 | ||||
Investments, at fair value | [1],[4] | 0 | ||||
Investment, Identifier [Axis]: C Parent Holdings, LLC. | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 0 | 146 | ||||
Investment, Identifier [Axis]: C Parent Holdings, LLC. (fka Curion Holdings, LLC) | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 146 | 4,561 | ||||
Investment, Identifier [Axis]: C Parent Holdings, LLC. (fka Curion Holdings, LLC) (Junior secured loan) 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 0 | 0 | ||||
Investment, Identifier [Axis]: C Parent Holdings, LLC. (fka Curion Holdings, LLC) (Junior secured loan) 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 0 | 0 | ||||
Investment, Identifier [Axis]: C Parent Holdings, LLC. (fka Curion Holdings, LLC) (Revolver) | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 0 | 550 | ||||
Investment, Identifier [Axis]: C Parent Holdings, LLC. (fka Curion Holdings, LLC) Common stock | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 0 | 0 | ||||
Number of units held | 58,779 | |||||
Investment, Identifier [Axis]: C Parent Holdings, LLC. (fka Curion Holdings, LLC), Equity Securities, Common stock | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [4],[23] | $ 0 | ||||
Number of units held | [23] | 58,779 | ||||
Investment, Identifier [Axis]: C Parent Holdings, LLC. (fka Curion Holdings, LLC), Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | [23] | $ 0 | ||||
Investments, at fair value | [4],[23] | 146 | ||||
Investment, Identifier [Axis]: C Parent Holdings, LLC. Common stock | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 0 | $ 0 | ||||
Number of units held | 58,779 | |||||
Investment, Identifier [Axis]: CBC Restaurant Corp. | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | 5% | |||||
Principal | $ 1,066 | |||||
Investments, at fair value | $ 415 | |||||
Investment, Identifier [Axis]: CGI Automated Manufacturing, LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.26% | [10] | 6.50% | [11] | ||
Interest rate | 12.61% | 11.34% | ||||
Principal | $ 3,875 | $ 3,975 | ||||
Investments, at fair value | $ 3,802 | [3] | $ 3,975 | [4] | ||
Investment, Identifier [Axis]: CGI Automated Manufacturing, LLC, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.26% | [10] | 6.50% | [11] | ||
Interest rate | 12.61% | 11.34% | ||||
Principal | $ 1,112 | $ 1,141 | ||||
Investments, at fair value | $ 1,091 | [3] | $ 1,141 | [4] | ||
Investment, Identifier [Axis]: CHA Holdings, Inc 1 | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 4.61% | 4.50% | ||||
Interest rate | 9.97% | 9.23% | ||||
Principal | $ 1,939 | $ 1,960 | ||||
Investments, at fair value | $ 1,908 | $ 1,886 | ||||
Investment, Identifier [Axis]: CHA Holdings, Inc 2 | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 4.61% | 4.50% | ||||
Interest rate | 9.97% | 9.23% | ||||
Principal | $ 409 | $ 413 | ||||
Investments, at fair value | $ 402 | $ 398 | ||||
Investment, Identifier [Axis]: Cadent, LLC | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.50% | |||||
Interest rate | 11.23% | |||||
Principal | $ 4,237 | |||||
Investments, at fair value | $ 4,131 | |||||
Investment, Identifier [Axis]: Cadent, LLC (Revolver) | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.50% | |||||
Interest rate | 11.23% | |||||
Principal | $ 167 | |||||
Investments, at fair value | $ 0 | |||||
Investment, Identifier [Axis]: Calabrio, Inc., Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.13% | [10] | 7% | [11] | ||
Interest rate | 12.48% | 11.73% | ||||
Principal | $ 3,400 | $ 3,400 | ||||
Investments, at fair value | $ 3,421 | [3] | $ 3,379 | [4] | ||
Investment, Identifier [Axis]: Calabrio, Inc., Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10],[12],[13] | 7.13% | ||||
Interest rate | [12],[13] | 12.48% | ||||
Principal | [12],[13] | $ 499 | ||||
Investments, at fair value | [3],[12],[13] | $ 0 | ||||
Investment, Identifier [Axis]: Calabrio, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.13% | [10],[12] | 7% | [1],[11] | ||
Interest rate | 12.48% | [12] | 11.75% | [1] | ||
Principal | $ 409 | [12] | $ 409 | [1] | ||
Investments, at fair value | $ 234 | [3],[12] | 233 | [1],[4] | ||
Investment, Identifier [Axis]: California Pizza Kitchen, Inc., Equity Securities, Common units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [4] | $ 1,266 | ||||
Number of units held | 78,699 | |||||
Investment, Identifier [Axis]: Cano Health, LLC | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 4.10% | 4% | ||||
Interest rate | 9.42% | 8.42% | ||||
Principal | $ 1,950 | $ 1,970 | ||||
Investments, at fair value | $ 857 | $ 1,572 | ||||
Investment, Identifier [Axis]: Caravel Autism Health, LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 8.75% | ||||
Interest rate paid in cash | 8.97% | |||||
Interest rate paid in kind | 3% | |||||
Principal | $ 5,016 | |||||
Investments, at fair value | [4] | $ 4,630 | ||||
Investment, Identifier [Axis]: Caravel Autism Health, LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 5.76% | ||||
Interest rate | 11.16% | |||||
Principal | $ 5,012 | |||||
Investments, at fair value | [3] | $ 4,969 | ||||
Investment, Identifier [Axis]: Caravel Autism Health, LLC, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 5.76% | ||||
Interest rate | 11.16% | |||||
Principal | $ 1,392 | |||||
Investments, at fair value | [3] | $ 1,380 | ||||
Investment, Identifier [Axis]: Caravel Autism Health, LLC, Senior Secured Loans Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[11],[14] | 8.75% | ||||
Interest rate paid in cash | [1],[14] | 8.97% | ||||
Interest rate paid in kind | [1],[14] | 3% | ||||
Principal | [1],[14] | $ 3,750 | ||||
Investments, at fair value | [1],[4],[14] | $ 173 | ||||
Investment, Identifier [Axis]: Caravel Autism Health, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.76% | [10],[12] | 8.75% | [1],[11] | ||
Interest rate | [12] | 11.16% | ||||
Interest rate paid in cash | [1] | 8.97% | ||||
Interest rate paid in kind | [1] | 3% | ||||
Principal | $ 1,269 | [12] | $ 1,260 | [1] | ||
Investments, at fair value | $ 244 | [3],[12] | $ 1,048 | [1],[4] | ||
Investment, Identifier [Axis]: Cassavant Holdings, LLC, Unitranche Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.61% | [10] | 6.50% | [11] | ||
Interest rate | 12.96% | 10.62% | ||||
Principal | $ 7,876 | $ 7,580 | ||||
Investments, at fair value | $ 7,876 | [3] | $ 7,436 | [4] | ||
Investment, Identifier [Axis]: Centaur (Palm Beach) Owner LLC and Panther National Golf Club LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 8.25% | [10],[12] | 8.25% | [11] | ||
Interest rate | 13.60% | [12] | 12.43% | |||
Principal | $ 2,784 | [12] | $ 3,300 | |||
Investments, at fair value | $ 2,812 | [3],[12] | $ 3,296 | [4] | ||
Investment, Identifier [Axis]: Centaur (Palm Beach) Owner LLC and Panther National Golf Club LLC, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 8.25% | [10],[15] | 8.25% | [11] | ||
Interest rate | 13.60% | [15] | 12.43% | |||
Principal | $ 285 | [15] | $ 337 | |||
Investments, at fair value | $ 287 | [3],[15] | $ 337 | [4] | ||
Investment, Identifier [Axis]: Centaur (Palm Beach) Owner LLC and Panther National Golf Club LLC, Senior Secured Loans, (Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[11],[18] | 8.25% | ||||
Interest rate | [1],[18] | 12.43% | ||||
Principal | [1],[18] | $ 1,653 | ||||
Investments, at fair value | [1],[4],[18] | 719 | ||||
Investment, Identifier [Axis]: Centaur (Palm Beach) Owner LLC and Panther National Golf Club LLC, Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10],[12],[13],[15] | 8.25% | ||||
Interest rate | [12],[13],[15] | 13.61% | ||||
Principal | [12],[13],[15] | $ 837 | ||||
Investments, at fair value | [3],[12],[13],[15] | $ 322 | ||||
Investment, Identifier [Axis]: Centaur (Palm Beach) Owner LLC and Panther National Golf Club LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10],[12],[15] | 8.25% | ||||
Interest rate | [12],[15] | 13.60% | ||||
Principal | [12],[15] | $ 1,395 | ||||
Investments, at fair value | [3],[12],[15] | 546 | ||||
Investment, Identifier [Axis]: Chess.com, LLC, Equity Securities, Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 75 | [3],[20] | $ 50 | [4],[21] | ||
Number of units held | [20] | 2 | ||||
Investment, Identifier [Axis]: Chess.com, LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.60% | [10] | 6.50% | [11] | ||
Interest rate | 11.95% | 11.23% | ||||
Principal | $ 5,895 | $ 5,955 | ||||
Investments, at fair value | $ 5,873 | [3] | $ 5,866 | [4] | ||
Investment, Identifier [Axis]: Chess.com, LLC, Senior Secured Loans Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10],[12] | 6.60% | ||||
Interest rate | [12] | 11.95% | ||||
Principal | [12] | $ 652 | ||||
Investments, at fair value | [3],[12] | $ 0 | ||||
Investment, Identifier [Axis]: Chess.com, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[11] | 6.50% | ||||
Interest rate | [1] | 11.23% | ||||
Principal | [1] | $ 652 | ||||
Investments, at fair value | [1],[4] | $ 0 | ||||
Investment, Identifier [Axis]: Corel Inc. | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.10% | 5% | ||||
Interest rate | 10.49% | 9.73% | ||||
Principal | $ 3,400 | $ 3,600 | ||||
Investments, at fair value | $ 3,323 | $ 3,365 | ||||
Investment, Identifier [Axis]: Crownpeak Technology, Inc. , Senior Secured Loans1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 7.35% | ||||
Interest rate | 12.69% | |||||
Principal | $ 4,000 | |||||
Investments, at fair value | [3] | $ 4,000 | ||||
Investment, Identifier [Axis]: Crownpeak Technology, Inc. , Senior Secured Loans3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 7.25% | ||||
Interest rate | 11.47% | |||||
Principal | $ 60 | |||||
Investments, at fair value | [4] | $ 60 | ||||
Investment, Identifier [Axis]: Crownpeak Technology, Inc. , Senior Secured Loans4 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 7.25% | ||||
Interest rate | 11.41% | |||||
Principal | $ 3,333 | |||||
Investments, at fair value | [4] | $ 3,333 | ||||
Investment, Identifier [Axis]: Crownpeak Technology, Inc., Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 7.25% | ||||
Interest rate | 11.47% | |||||
Principal | $ 4,000 | |||||
Investments, at fair value | [4] | $ 4,000 | ||||
Investment, Identifier [Axis]: Crownpeak Technology, Inc., Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.50% | [10] | 7.25% | [11] | ||
Interest rate | 12.97% | 11.47% | ||||
Principal | $ 1,273 | $ 1,273 | ||||
Investments, at fair value | $ 1,274 | [3] | $ 1,273 | [4] | ||
Investment, Identifier [Axis]: Crownpeak Technology, Inc., Senior Secured Loans 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 7.35% | ||||
Interest rate | 12.69% | |||||
Principal | $ 60 | |||||
Investments, at fair value | [3] | $ 60 | ||||
Investment, Identifier [Axis]: Crownpeak Technology, Inc., Senior Secured Loans 4 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 7.35% | ||||
Interest rate | 12.69% | |||||
Principal | $ 3,333 | |||||
Investments, at fair value | [3] | $ 3,334 | ||||
Investment, Identifier [Axis]: Crownpeak Technology, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.35% | [10],[12] | 7.25% | [1],[11] | ||
Interest rate | 12.69% | [12] | 11.47% | [1] | ||
Principal | $ 500 | [12] | $ 500 | [1] | ||
Investments, at fair value | $ 67 | [3],[12] | $ 0 | [1],[4] | ||
Investment, Identifier [Axis]: DS Parent, Inc. | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.75% | 5.75% | ||||
Interest rate | 11.21% | 9.92% | ||||
Principal | $ 2,700 | $ 2,850 | ||||
Investments, at fair value | $ 2,706 | $ 2,725 | ||||
Investment, Identifier [Axis]: Destination Media, Inc., Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.25% | [10] | 5.50% | [11] | ||
Interest rate | 12.43% | 9.94% | ||||
Principal | $ 995 | $ 377 | ||||
Investments, at fair value | $ 1,010 | [3] | $ 377 | [4] | ||
Investment, Identifier [Axis]: Destination Media, Inc., Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10],[12],[13] | 7% | ||||
Interest rate | [12],[13] | 12.35% | ||||
Principal | [12],[13] | $ 500 | ||||
Investments, at fair value | [3],[12],[13] | $ 62 | ||||
Investment, Identifier [Axis]: Destination Media, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7% | [10],[12] | 5.50% | [1],[11] | ||
Interest rate | 12.35% | [12] | 9.94% | [1] | ||
Principal | $ 103 | [12] | $ 542 | [1] | ||
Investments, at fair value | 21 | [3],[12] | 0 | [1],[4] | ||
Investment, Identifier [Axis]: Dorado Acquisition, Inc., , Equity Securities, Class A-1 units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [4] | $ 215 | ||||
Number of units held | 189,922 | |||||
Investment, Identifier [Axis]: Dorado Acquisition, Inc., , Equity Securities, Class A-2 units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [4] | $ 224 | ||||
Number of units held | 189,922 | |||||
Investment, Identifier [Axis]: Dorado Acquisition, Inc., Equity Securities, Class A-1 units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [3] | $ 209 | ||||
Number of units held | 189,922 | |||||
Investment, Identifier [Axis]: Dorado Acquisition, Inc., Equity Securities, Class A-2 units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [3] | $ 32 | ||||
Number of units held | 189,922 | |||||
Investment, Identifier [Axis]: Dorado Acquisition, Inc., Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.85% | [10] | 6.50% | [11] | ||
Interest rate | 12.19% | 10.72% | ||||
Principal | $ 4,888 | $ 4,938 | ||||
Investments, at fair value | $ 4,743 | [3] | $ 4,928 | [4] | ||
Investment, Identifier [Axis]: Dorado Acquisition, Inc., Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.90% | [10] | 6.76% | [11] | ||
Interest rate | 12.29% | 11.34% | ||||
Principal | $ 4,051 | $ 4,082 | ||||
Investments, at fair value | $ 3,932 | [3] | $ 4,074 | [4] | ||
Investment, Identifier [Axis]: Dorado Acquisition, Inc., Senior Secured Loans Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[11],[14] | 6.50% | ||||
Interest rate | [1],[14] | 10.72% | ||||
Principal | [1],[14] | $ 216 | ||||
Investments, at fair value | [1],[4],[14] | $ 0 | ||||
Investment, Identifier [Axis]: Dorado Acquisition, Inc., Senior Secured Loans Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 6.50% | ||||
Interest rate | 10.92% | |||||
Principal | $ 596 | |||||
Investments, at fair value | [4] | 596 | ||||
Investment, Identifier [Axis]: Dorado Acquisition, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10],[12] | 6.85% | ||||
Interest rate | [12] | 12.19% | ||||
Principal | [12] | $ 596 | ||||
Investments, at fair value | [3],[12] | 0 | ||||
Investment, Identifier [Axis]: Drawbridge Partners, LLC, Equity Securities, Class A-1 units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 147 | [3] | $ 126 | [4] | ||
Number of units held | 130,433 | 130,433 | ||||
Investment, Identifier [Axis]: Drawbridge Partners, LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.75% | [10] | 7% | [11] | ||
Interest rate | 12.10% | |||||
Interest rate paid in kind | 11.56% | |||||
Principal | $ 3,000 | $ 3,000 | ||||
Investments, at fair value | $ 3,001 | [3] | $ 2,971 | [4] | ||
Investment, Identifier [Axis]: Drawbridge Partners, LLC, Senior Secured Loans Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10],[12] | 6.75% | ||||
Interest rate | [12] | 12.10% | ||||
Principal | [12] | $ 522 | ||||
Investments, at fair value | [3],[12] | $ 0 | ||||
Investment, Identifier [Axis]: Drawbridge Partners, LLC, Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.75% | [10],[12],[13] | 7% | [1],[11],[14] | ||
Interest rate | [12],[13] | 12.10% | ||||
Interest rate paid in kind | [1],[14] | 11.56% | ||||
Principal | $ 874 | [12],[13] | $ 330 | [1],[14] | ||
Investments, at fair value | $ 496 | [3],[12],[13] | $ 102 | [1],[4],[14] | ||
Investment, Identifier [Axis]: Drawbridge Partners, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[11] | 7% | ||||
Interest rate | [1] | 11.56% | ||||
Principal | [1] | $ 522 | ||||
Investments, at fair value | [1],[4] | $ 0 | ||||
Investment, Identifier [Axis]: Dresser Utility Solutions, LLC (fka NGS US Finco, LLC) 1 | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 4.25% | |||||
Interest rate | 8.63% | |||||
Principal | $ 1,678 | |||||
Investments, at fair value | $ 1,619 | |||||
Investment, Identifier [Axis]: Dresser Utility Solutions, LLC (fka NGS US Finco, LLC) 2 | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.25% | |||||
Interest rate | 9.63% | |||||
Principal | $ 245 | |||||
Investments, at fair value | $ 239 | |||||
Investment, Identifier [Axis]: Dresser Utility Solutions, LLC 1 | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 4.10% | |||||
Interest rate | 9.46% | |||||
Principal | $ 1,660 | |||||
Investments, at fair value | $ 1,602 | |||||
Investment, Identifier [Axis]: Dresser Utility Solutions, LLC 2 | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.35% | |||||
Interest rate | 10.71% | |||||
Principal | $ 243 | |||||
Investments, at fair value | $ 239 | |||||
Investment, Identifier [Axis]: Drilling Info Holdings, Inc. | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 4.25% | |||||
Interest rate | 8.63% | |||||
Principal | $ 4,469 | |||||
Investments, at fair value | $ 4,313 | |||||
Investment, Identifier [Axis]: Education Corporation of America - Series G Preferred Stock | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | [19] | 12% | ||||
Investments, at fair value | [3] | $ 0 | ||||
Number of units held | 8,333 | |||||
Investment, Identifier [Axis]: Education Corporation of America, Equity Securities, Series G Preferred Stock | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | [22] | 12% | ||||
Investments, at fair value | [4] | $ 0 | ||||
Number of units held | 8,333 | |||||
Investment, Identifier [Axis]: Education Corporation of America, Junior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 11% | [10] | 11% | [11] | ||
Interest rate paid in cash | 14% | 10.23% | ||||
Interest rate paid in kind | 5.50% | [19] | 5.50% | [22] | ||
Principal | $ 833 | $ 833 | ||||
Investments, at fair value | $ 2,174 | [3] | $ 1,882 | [4] | ||
Investment, Identifier [Axis]: Elevate Textiles, Inc. (fka International Textile Group, Inc.) | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.65% | |||||
Interest rate | 12.04% | |||||
Principal | $ 798 | |||||
Investments, at fair value | 798 | |||||
Investment, Identifier [Axis]: Elevate Textiles, Inc. (fka International Textile Group, Inc.), Common units | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 26 | |||||
Investments, at fair value | $ 103 | |||||
Number of units held | 25,524 | |||||
Investment, Identifier [Axis]: Eliassen Group, LLC | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.50% | 5.50% | ||||
Interest rate | 10.85% | 10.08% | ||||
Principal | $ 3,218 | $ 3,251 | ||||
Investments, at fair value | $ 3,152 | $ 3,194 | ||||
Investment, Identifier [Axis]: Eliassen Group, LLC, Delayed Draw | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.50% | 5.50% | ||||
Interest rate | 10.86% | 8.88% | ||||
Principal | $ 739 | $ 740 | ||||
Investments, at fair value | $ 227 | $ 109 | ||||
Investment, Identifier [Axis]: Engage2Excel, Inc. 1 | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.35% | 7.25% | ||||
Interest rate | 12.53% | 11.98% | ||||
Principal | $ 3,918 | $ 4,283 | ||||
Investments, at fair value | $ 3,918 | $ 4,242 | ||||
Investment, Identifier [Axis]: Engage2Excel, Inc. 2 | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.35% | 7.25% | ||||
Interest rate | 12.53% | 11.98% | ||||
Principal | $ 707 | $ 773 | ||||
Investments, at fair value | $ 707 | $ 766 | ||||
Investment, Identifier [Axis]: Engage2Excel, Inc., Revolver | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.35% | 6.25% | ||||
Interest rate | 12.53% | 13.75% | ||||
Principal | $ 550 | $ 554 | ||||
Investments, at fair value | 550 | 509 | ||||
Investment, Identifier [Axis]: Equine Network, LLC, Equity Securities, Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 110 | [3],[20] | $ 109 | [4],[21] | ||
Number of units held | 108 | [20] | 108 | [21] | ||
Investment, Identifier [Axis]: Equine Network, LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 6% | ||||
Interest rate | 10.24% | |||||
Principal | $ 1,719 | |||||
Investments, at fair value | [4] | $ 1,709 | ||||
Investment, Identifier [Axis]: Equine Network, LLC, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 6% | ||||
Interest rate | 10.24% | |||||
Principal | $ 780 | |||||
Investments, at fair value | [4] | $ 775 | ||||
Investment, Identifier [Axis]: Equine Network, LLC, Senior Secured Loans Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[11] | 6% | ||||
Interest rate | [1] | 10.30% | ||||
Principal | [1] | $ 171 | ||||
Investments, at fair value | [1],[4] | $ 127 | ||||
Investment, Identifier [Axis]: Equine Network, LLC, Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[11],[14] | 6% | ||||
Interest rate | [1],[14] | 10.24% | ||||
Principal | [1],[14] | $ 427 | ||||
Investments, at fair value | [1],[4],[14] | $ 0 | ||||
Investment, Identifier [Axis]: Excel Fitness Holdings, Inc. | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.40% | 5.25% | ||||
Interest rate | 10.75% | 10.29% | ||||
Principal | $ 4,320 | $ 4,364 | ||||
Investments, at fair value | $ 4,308 | $ 4,102 | ||||
Investment, Identifier [Axis]: Excel Fitness Holdings, Inc., Revolver | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.40% | 5.25% | ||||
Interest rate | 10.75% | 9.67% | ||||
Principal | $ 625 | $ 625 | ||||
Investments, at fair value | $ 0 | $ 306 | ||||
Investment, Identifier [Axis]: Express Wash Acquisition Company, LLC, Class A preferred units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | [20] | 8% | ||||
Investments, at fair value | [3],[20] | $ 32 | ||||
Number of units held | [20] | 31 | ||||
Investment, Identifier [Axis]: Express Wash Acquisition Company, LLC, Equity Securities, Class A common units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [3],[20] | $ 0 | ||||
Number of units held | [20] | 31,200 | ||||
Investment, Identifier [Axis]: Express Wash Acquisition Company, LLC, Equity Securities, Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | [21] | 8% | ||||
Investments, at fair value | [4],[21] | $ 118 | ||||
Number of units held | [21] | 121,311 | ||||
Investment, Identifier [Axis]: Express Wash Acquisition Company, LLC, Equity Securities, Class B common units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | [20] | 8% | ||||
Investments, at fair value | [3],[20] | $ 26 | ||||
Number of units held | [20] | 147 | ||||
Investment, Identifier [Axis]: Express Wash Acquisition Company, LLC, Equity Securities, Class B preferred units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [3],[20] | $ 0 | ||||
Number of units held | [20] | 146,770 | ||||
Investment, Identifier [Axis]: Express Wash Acquisition Company, LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.76% | [10] | 6.50% | [11] | ||
Interest rate | 12.16% | 10.32% | ||||
Principal | $ 7,067 | $ 8,160 | ||||
Investments, at fair value | $ 7,067 | [3] | $ 8,119 | [4] | ||
Investment, Identifier [Axis]: Express Wash Acquisition Company, LLC, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.76% | [10] | 6.50% | [11] | ||
Interest rate | 12.16% | 10.43% | ||||
Principal | $ 1,513 | $ 1,528 | ||||
Investments, at fair value | $ 1,513 | [3] | $ 1,521 | [4] | ||
Investment, Identifier [Axis]: Express Wash Acquisition Company, LLC, Senior Secured Loans Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10],[12] | 6.76% | ||||
Interest rate | [12] | 12.16% | ||||
Principal | [12] | $ 379 | ||||
Investments, at fair value | [3],[12] | 209 | ||||
Investment, Identifier [Axis]: Express Wash Acquisition Company, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[11] | 6.50% | ||||
Interest rate | [1] | 10.83% | ||||
Principal | [1] | $ 379 | ||||
Investments, at fair value | [1],[4] | 208 | ||||
Investment, Identifier [Axis]: Familia Dental Group Holdings, LLC, Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 2,226 | $ 2,625 | 1,919 | |||
Number of units held | 1,230 | 1,176 | ||||
Investment, Identifier [Axis]: Familia Dental Group Holdings, LLC, Equity Securities, Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 2,226 | [3],[20] | $ 2,625 | [4],[21],[24] | ||
Number of units held | 1,230 | [20],[25] | 1,176 | [21],[24] | ||
Investment, Identifier [Axis]: Florida East Coast Industries, LLC, Junior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | 16% | [15] | 16% | [18] | ||
Principal | $ 879 | [15] | $ 1,778 | [18] | ||
Investments, at fair value | $ 879 | [3],[15] | $ 1,784 | [4],[18] | ||
Investment, Identifier [Axis]: Florida East Coast Industries, LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate | [18] | 10.50% | ||||
Principal | [18] | $ 617 | ||||
Investments, at fair value | [4],[18] | $ 619 | ||||
Investment, Identifier [Axis]: Forman Mills, Inc, Senior Secured Loans. 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 9.50% | ||||
Interest rate paid in cash | 11.94% | |||||
Interest rate paid in kind | 2% | |||||
Principal | $ 6,909 | |||||
Investments, at fair value | [4] | 6,698 | ||||
Investment, Identifier [Axis]: Forman Mills, Inc., Equity Securities, Warrant | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [4] | $ 155 | ||||
Investment, Identifier [Axis]: Forman Mills, Inc., Junior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 3.90% | ||||
Interest rate paid in kind | [19] | 3.90% | ||||
Principal | $ 1,308 | |||||
Investments, at fair value | [3] | $ 955 | ||||
Investment, Identifier [Axis]: Forman Mills, Inc., Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 9.50% | ||||
Interest rate paid in cash | 11.94% | |||||
Interest rate paid in kind | 2% | |||||
Principal | $ 1,275 | |||||
Investments, at fair value | [4] | $ 1,253 | ||||
Investment, Identifier [Axis]: GC Champion Acquisition LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 6.75% | ||||
Interest rate | 11.15% | |||||
Principal | $ 2,528 | |||||
Investments, at fair value | [4] | $ 2,503 | ||||
Investment, Identifier [Axis]: GC Champion Acquisition LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 6.25% | ||||
Interest rate | 11.71% | |||||
Principal | $ 2,528 | |||||
Investments, at fair value | [3] | $ 2,528 | ||||
Investment, Identifier [Axis]: GC Champion Acquisition LLC, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 6.25% | ||||
Interest rate | 11.71% | |||||
Principal | $ 702 | |||||
Investments, at fair value | [3] | $ 702 | ||||
Investment, Identifier [Axis]: GC Champion Acquisition LLC, Senior Secured Loans 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 6.50% | ||||
Interest rate | 11.96% | |||||
Principal | $ 2,107 | |||||
Investments, at fair value | [3] | $ 2,125 | ||||
Investment, Identifier [Axis]: GC Champion Acquisition LLC, Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[11],[14] | 6.75% | ||||
Interest rate | [1],[14] | 11.15% | ||||
Principal | [1],[14] | $ 704 | ||||
Investments, at fair value | [1],[4],[14] | $ 0 | ||||
Investment, Identifier [Axis]: HAH Group Holding Company LLC | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5% | 5% | ||||
Interest rate | 10.46% | 9.43% | ||||
Principal | $ 2,950 | $ 2,978 | ||||
Investments, at fair value | $ 2,942 | $ 2,847 | ||||
Investment, Identifier [Axis]: HALO Buyer, Inc. | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 4.60% | 4.50% | ||||
Interest rate | 9.96% | 8.88% | ||||
Principal | $ 4,723 | $ 4,774 | ||||
Investments, at fair value | 3,570 | 4,219 | ||||
Investment, Identifier [Axis]: HFZ Capital Group LLC 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 17,233 | 16,159 | ||||
Investment, Identifier [Axis]: HFZ Capital Group LLC 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 6,191 | $ 5,805 | ||||
Investment, Identifier [Axis]: HFZ Capital Group LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 9.46% | [10],[15],[25] | 12.50% | [11],[18],[26] | ||
Interest rate paid in kind | 17.96% | [15],[25] | 16.62% | [18],[26] | ||
Principal | $ 13,242 | [15],[25] | $ 13,242 | [18],[26] | ||
Investments, at fair value | $ 17,233 | [3],[15],[25] | $ 16,159 | [4],[18],[26] | ||
Investment, Identifier [Axis]: HFZ Capital Group LLC, Senior Secured Loans) 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 9.46% | [10],[15],[25] | 12.50% | [11],[18],[26] | ||
Interest rate paid in kind | 17.96% | [15],[25] | 16.62% | [18],[26] | ||
Principal | $ 4,758 | [15],[25] | $ 4,758 | [18],[26] | ||
Investments, at fair value | $ 6,191 | [3],[15],[25] | 5,805 | [4],[18],[26] | ||
Investment, Identifier [Axis]: HFZ Capital Group, LLC 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 16,159 | 15,084 | ||||
Investment, Identifier [Axis]: HFZ Capital Group, LLC 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 5,805 | 5,420 | ||||
Investment, Identifier [Axis]: HS4 Acquisitionco, Inc. | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 6.85% | ||||
Interest rate | 12.21% | |||||
Principal | $ 9,799 | |||||
Investments, at fair value | [3] | $ 9,769 | ||||
Investment, Identifier [Axis]: HS4 Acquisitionco, Inc. (Revolver) | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10],[12] | 6.85% | ||||
Interest rate | [12] | 12.21% | ||||
Principal | [12] | $ 817 | ||||
Investments, at fair value | [3],[12] | $ 548 | ||||
Investment, Identifier [Axis]: HS4 Acquisitionco, Inc., Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 6.75% | ||||
Interest rate | 11.14% | |||||
Principal | $ 9,899 | |||||
Investments, at fair value | [4] | $ 9,855 | ||||
Investment, Identifier [Axis]: HS4 Acquisitionco, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[11] | 6.75% | ||||
Interest rate | [1] | 11.14% | ||||
Principal | [1] | $ 817 | ||||
Investments, at fair value | [1],[4] | $ 407 | ||||
Investment, Identifier [Axis]: Harbour Benefit Holdings, Inc. 1 | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.15% | 5.25% | ||||
Interest rate | 10.50% | 9.98% | ||||
Principal | $ 2,854 | $ 2,901 | ||||
Investments, at fair value | $ 2,852 | $ 2,898 | ||||
Investment, Identifier [Axis]: Harbour Benefit Holdings, Inc. 2 | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.10% | 5.25% | ||||
Interest rate | 10.46% | 9.63% | ||||
Principal | $ 61 | $ 61 | ||||
Investments, at fair value | $ 61 | $ 61 | ||||
Investment, Identifier [Axis]: Hastings Manufacturing Company, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 7.25% | ||||
Interest rate | 11.64% | |||||
Principal | $ 2,026 | |||||
Investments, at fair value | [4] | 2,026 | ||||
Investment, Identifier [Axis]: Hastings Manufacturing Company, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 7.60% | ||||
Interest rate | 12.96% | |||||
Principal | $ 1,850 | |||||
Investments, at fair value | [3] | $ 1,850 | ||||
Investment, Identifier [Axis]: Hastings Manufacturing Company, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 7.60% | ||||
Interest rate | 12.96% | |||||
Principal | $ 664 | |||||
Investments, at fair value | [3] | $ 664 | ||||
Investment, Identifier [Axis]: Hastings Manufacturing Company, Senior Secured Loans 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 7.60% | ||||
Interest rate | 12.96% | |||||
Principal | $ 2,039 | |||||
Investments, at fair value | [3] | $ 2,080 | ||||
Investment, Identifier [Axis]: Hastings Manufacturing Company, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10],[12] | 7.60% | ||||
Interest rate | [12] | 12.96% | ||||
Principal | [12] | $ 691 | ||||
Investments, at fair value | [3],[12] | 0 | ||||
Investment, Identifier [Axis]: IDIG Parent, LLC, Equity Securities, Common stock | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 306 | [3],[20],[27] | $ 324 | [4],[21],[28] | ||
Number of units held | 245,958 | [20],[27] | 245,958 | [21],[28] | ||
Investment, Identifier [Axis]: INH Buyer, Inc., Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7% | [10] | 7% | [11] | ||
Interest rate paid in cash | 8.95% | 8.08% | ||||
Interest rate paid in kind | 3.50% | 3.50% | ||||
Principal | $ 3,026 | $ 2,950 | ||||
Investments, at fair value | 2,936 | [3] | 2,832 | [4] | ||
Investment, Identifier [Axis]: InMobi Pte, Ltd, Equity Securities, Warrant | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [3],[15],[29] | 1,695 | ||||
Investment, Identifier [Axis]: InMobi Pte, Ltd., Equity Securities, Warrant | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [4],[18],[30] | $ 1,816 | ||||
Percentage of equity interest | [18],[30] | 2.80% | ||||
Investment, Identifier [Axis]: Independence Buyer, Inc., Equity Securities, Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 56 | [3] | $ 102 | [4] | ||
Number of units held | 81 | |||||
Investment, Identifier [Axis]: Independence Buyer, Inc., Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.90% | [10] | 5.50% | [11] | ||
Interest rate | 11.28% | 9.74% | ||||
Principal | $ 5,499 | $ 5,940 | ||||
Investments, at fair value | $ 5,410 | [3] | $ 5,866 | [4] | ||
Investment, Identifier [Axis]: Independence Buyer, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.90% | [10],[12] | 5.50% | [1],[11] | ||
Interest rate | 11.28% | [12] | 9.74% | [1] | ||
Principal | $ 1,423 | [12] | $ 1,423 | [1] | ||
Investments, at fair value | $ 0 | [3],[12] | $ 0 | [1],[4] | ||
Investment, Identifier [Axis]: Intermedia Holdings, Inc. | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.11% | 6% | ||||
Interest rate | 11.47% | 10.38% | ||||
Principal | $ 1,742 | $ 1,760 | ||||
Investments, at fair value | 1,687 | $ 1,360 | ||||
Investment, Identifier [Axis]: International Textile Group, Inc. | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5% | |||||
Interest rate | 9.21% | |||||
Principal | $ 1,664 | |||||
Investments, at fair value | 1,166 | |||||
Investment, Identifier [Axis]: J2 BWA Funding LLC, , Equity Securities, Profit sharing | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [4],[18],[21] | $ 0 | ||||
Investment, Identifier [Axis]: J2 BWA Funding LLC, Equity Securities, Profit sharing | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [3],[15],[20] | $ 40 | ||||
Investment, Identifier [Axis]: J2 BWA Funding LLC, Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate | [1],[14],[18] | 9% | ||||
Principal | [1],[14],[18] | $ 2,750 | ||||
Investments, at fair value | [1],[4],[14],[18] | 1,298 | ||||
Investment, Identifier [Axis]: J2 BWA Funding LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate | [12],[15] | 10% | ||||
Principal | [12],[15] | $ 2,750 | ||||
Investments, at fair value | [3],[12],[15] | 1,578 | ||||
Investment, Identifier [Axis]: KL Moon Acquisition, LLC (fka Spectrum Science Communications, LLC), Equity Securities | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [3] | $ 422 | ||||
Percentage of equity interest | 0.10% | |||||
Investment, Identifier [Axis]: KL Moon Acquisition, LLC (fka Spectrum Science Communications, LLC), Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 6.75% | ||||
Interest rate | 12.13% | |||||
Principal | $ 4,975 | |||||
Investments, at fair value | [3] | $ 4,975 | ||||
Investment, Identifier [Axis]: KL Moon Acquisition, LLC (fka Spectrum Science Communications, LLC), Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10],[12],[13] | 6.75% | ||||
Interest rate | [12],[13] | 12.14% | ||||
Principal | [12],[13] | $ 1,702 | ||||
Investments, at fair value | [3],[12],[13] | $ 989 | ||||
Investment, Identifier [Axis]: KL Moon Acquisition, LLC (fka Spectrum Science Communications, LLC), Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10],[12] | 6.75% | ||||
Interest rate | [12] | 12.13% | ||||
Principal | [12] | $ 813 | ||||
Investments, at fair value | [3],[12] | 352 | ||||
Investment, Identifier [Axis]: Kar Wash Holdings, LLC 1, Equity Securities, Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [3] | $ 75 | ||||
Number of units held | 99,807 | |||||
Investment, Identifier [Axis]: Kar Wash Holdings, LLC, Equity Securities, Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [4] | $ 111 | ||||
Number of units held | 99,807 | |||||
Investment, Identifier [Axis]: Kar Wash Holdings, LLC, Equity Securities, Series A Preferred Stock | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [3] | $ 11 | ||||
Number of units held | 8,619 | |||||
Investment, Identifier [Axis]: Kar Wash Holdings, LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.76% | [10] | 6% | [11] | ||
Interest rate | 12.16% | 9.82% | ||||
Principal | $ 1,576 | $ 1,592 | ||||
Investments, at fair value | $ 1,576 | [3] | $ 1,585 | [4] | ||
Investment, Identifier [Axis]: Kar Wash Holdings, LLC, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.76% | [10] | 6% | [11] | ||
Interest rate | 12.16% | 10.35% | ||||
Principal | $ 1,129 | $ 1,140 | ||||
Investments, at fair value | $ 1,129 | [3] | $ 1,135 | [4] | ||
Investment, Identifier [Axis]: Kar Wash Holdings, LLC, Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.76% | [10],[12],[13] | 6% | [1],[11],[14] | ||
Interest rate | 12.16% | [12],[13] | 10.77% | [1],[14] | ||
Principal | $ 2,649 | [12],[13] | $ 2,667 | [1],[14] | ||
Investments, at fair value | $ 2,230 | [3],[12],[13] | $ 1,782 | [1],[4],[14] | ||
Investment, Identifier [Axis]: Kar Wash Holdings, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.76% | [10],[12] | 6% | [1],[11] | ||
Interest rate | 12.16% | [12] | 10.77% | [1] | ||
Principal | $ 571 | [12] | $ 572 | [1] | ||
Investments, at fair value | $ 0 | [3],[12] | $ 303 | [1],[4] | ||
Investment, Identifier [Axis]: Keystone Purchaser, LLC | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.18% | 5.50% | ||||
Interest rate | 11.53% | 10.60% | ||||
Principal | $ 4,905 | $ 4,955 | ||||
Investments, at fair value | $ 4,868 | $ 4,955 | ||||
Investment, Identifier [Axis]: Kingsley Gate Partners, LLC (Delayed Draw) | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10],[12],[13] | 6.65% | ||||
Interest rate | [12],[13] | 12.04% | ||||
Principal | [12],[13] | $ 600 | ||||
Investments, at fair value | [3],[12],[13] | $ 130 | ||||
Investment, Identifier [Axis]: Kingsley Gate Partners, LLC (Revolver) | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10],[12] | 6.65% | ||||
Interest rate | [12] | 12.04% | ||||
Principal | [12] | $ 240 | ||||
Investments, at fair value | [3],[12] | $ 0 | ||||
Investment, Identifier [Axis]: Kingsley Gate Partners, LLC 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 6.65% | ||||
Interest rate | 12.04% | |||||
Principal | $ 596 | |||||
Investments, at fair value | [3] | $ 588 | ||||
Investment, Identifier [Axis]: Kingsley Gate Partners, LLC 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 6.65% | ||||
Interest rate | 12.04% | |||||
Principal | $ 191 | |||||
Investments, at fair value | [3] | $ 189 | ||||
Investment, Identifier [Axis]: Kingsley Gate Partners, LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 6.65% | ||||
Interest rate | 11.12% | |||||
Principal | $ 600 | |||||
Investments, at fair value | [4] | $ 588 | ||||
Investment, Identifier [Axis]: Kingsley Gate Partners, LLC, Senior Secured Loans, Delayed Draw 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[11],[14] | 6.65% | ||||
Interest rate | [1],[14] | 11.12% | ||||
Principal | [1],[14] | $ 720 | ||||
Investments, at fair value | [1],[4],[14] | $ 0 | ||||
Investment, Identifier [Axis]: Kingsley Gate Partners, LLC, Senior Secured Loans, Delayed Draw 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[11],[14] | 6.65% | ||||
Interest rate | [1],[14] | 11.12% | ||||
Principal | [1],[14] | $ 600 | ||||
Investments, at fair value | [1],[4],[14] | $ 0 | ||||
Investment, Identifier [Axis]: Kingsley Gate Partners, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[11] | 6.65% | ||||
Interest rate | [1] | 11.12% | ||||
Principal | [1] | $ 240 | ||||
Investments, at fair value | [1],[4] | $ 0 | ||||
Investment, Identifier [Axis]: LSCS Holdings, Inc. | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 4.61% | 4.50% | ||||
Interest rate | 9.97% | 8.88% | ||||
Principal | $ 1,809 | $ 1,828 | ||||
Investments, at fair value | $ 1,786 | $ 1,751 | ||||
Investment, Identifier [Axis]: LVF Holdings, Inc., Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.90% | [10] | 6.25% | [11] | ||
Interest rate | 11.25% | 8.45% | ||||
Principal | $ 1,466 | $ 1,481 | ||||
Investments, at fair value | $ 1,466 | [3] | $ 1,437 | [4] | ||
Investment, Identifier [Axis]: LVF Holdings, Inc., Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.90% | [10] | 6.25% | [11] | ||
Interest rate | 11.25% | 8.45% | ||||
Principal | $ 1,403 | $ 1,418 | ||||
Investments, at fair value | $ 1,403 | [3] | $ 1,375 | [4] | ||
Investment, Identifier [Axis]: LVF Holdings, Inc., Senior Secured Loans Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[11] | 6.25% | ||||
Interest rate | [1] | 10.98% | ||||
Principal | [1] | $ 238 | ||||
Investments, at fair value | [1],[4] | $ 152 | ||||
Investment, Identifier [Axis]: LVF Holdings, Inc., Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[11],[14] | 6.25% | ||||
Interest rate | [1],[14] | 8.45% | ||||
Principal | [1],[14] | $ 344 | ||||
Investments, at fair value | [1],[4],[14] | $ 0 | ||||
Investment, Identifier [Axis]: LVF Holdings, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10],[12] | 5.90% | ||||
Interest rate | [12] | 11.25% | ||||
Principal | [12] | $ 238 | ||||
Investments, at fair value | [3],[12] | 0 | ||||
Investment, Identifier [Axis]: LX/JT Intermediate Holdings, Inc. | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 6% | ||||
Interest rate | 10.42% | |||||
Principal | $ 5,468 | |||||
Investments, at fair value | [4] | $ 5,394 | ||||
Investment, Identifier [Axis]: LX/JT Intermediate Holdings, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[11] | 6% | ||||
Interest rate | [1] | 10.42% | ||||
Principal | [1] | $ 833 | ||||
Investments, at fair value | [1],[4] | 0 | ||||
Investment, Identifier [Axis]: Largest Portfolio Company Investment | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | $ 6,580 | $ 6,650 | ||||
Investment, Identifier [Axis]: Laseraway Intermediate Holdings II, LLC | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.75% | 5.75% | ||||
Interest rate | 11.41% | 9.76% | ||||
Principal | $ 2,178 | $ 2,200 | ||||
Investments, at fair value | 2,153 | 2,161 | ||||
Investment, Identifier [Axis]: Lifted Trucks Holdings, LLC, Equity Securities, Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 57 | [3],[20] | $ 78 | [4],[21] | ||
Number of units held | 111,111 | [20] | 111,111 | [21] | ||
Investment, Identifier [Axis]: Lifted Trucks Holdings, LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.85% | [10] | 5.75% | [11] | ||
Interest rate | 11.16% | 9.49% | ||||
Principal | $ 6,860 | $ 6,930 | ||||
Investments, at fair value | $ 6,682 | [3] | $ 6,840 | [4] | ||
Investment, Identifier [Axis]: Lifted Trucks Holdings, LLC, Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[11],[14] | 5.75% | ||||
Interest rate | [1],[14] | 9.49% | ||||
Principal | [1],[14] | $ 1,400 | ||||
Investments, at fair value | [1],[4],[14] | $ 0 | ||||
Investment, Identifier [Axis]: Lifted Trucks Holdings, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.90% | [10],[12] | 5.75% | [1],[11] | ||
Interest rate | 11.29% | [12] | 9.49% | [1] | ||
Principal | $ 1,667 | [12] | $ 1,667 | [1] | ||
Investments, at fair value | $ 541 | [3],[12] | $ 0 | [1],[4] | ||
Investment, Identifier [Axis]: Liftforward SPV II, LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 10.86% | [10],[15] | 10.75% | [11],[18] | ||
Interest rate | [18] | 15.14% | ||||
Interest rate paid in kind | [15] | 16.22% | ||||
Principal | $ 253 | [15] | $ 413 | [18] | ||
Investments, at fair value | $ 233 | [3],[15] | $ 403 | [4],[18] | ||
Investment, Identifier [Axis]: Lightbox Intermediate, L.P. | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.26% | 5% | ||||
Interest rate | 10.61% | 9.73% | ||||
Principal | $ 4,775 | $ 4,825 | ||||
Investments, at fair value | 4,632 | $ 4,656 | ||||
Investment, Identifier [Axis]: Liqui-Box Holdings, Inc. | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 4.50% | |||||
Interest rate | 9.23% | |||||
Principal | $ 4,225 | |||||
Investments, at fair value | 4,186 | |||||
Investment, Identifier [Axis]: Luxury Optical Holdings Co., Equity Securities | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [4],[31] | 209 | ||||
Investment, Identifier [Axis]: M R C C Senior Loan Fund I, L L C, Equity Securities | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 33,122 | 35,509 | ||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 8,421 | 7,154 | ||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 10,237 | 8,421 | ||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 3,051 | 1,000 | ||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 1,000 | 850 | ||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC, Equity Interest | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 1,045 | 1,291 | ||||
Percentage of equity interest | 15.90% | |||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC, Equity Securities | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 1,045 | [3],[15],[20],[25] | $ 1,291 | [4],[18],[21],[26] | ||
Percentage of equity interest | 15.90% | [15],[20],[25] | 15.90% | [18],[21],[26] | ||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC, Equity interest | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 1,291 | 644 | ||||
Percentage of equity interest | 15.90% | |||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11],[18],[26] | 15% | ||||
Interest rate paid in kind | [18],[26] | 18.74% | ||||
Principal | [18],[26] | $ 8,421 | ||||
Investments, at fair value | [4],[18],[26] | $ 8,421 | ||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10],[15],[25] | 15% | ||||
Interest rate paid in kind | [15],[25] | 20.39% | ||||
Principal | [15],[25] | $ 10,237 | ||||
Investments, at fair value | [3],[15],[25] | $ 10,237 | ||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10],[15],[25] | 15% | ||||
Interest rate paid in kind | [15],[25] | 20.39% | ||||
Principal | [15],[25] | $ 3,051 | ||||
Investments, at fair value | [3],[15],[25] | $ 3,051 | ||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC, Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[11],[14],[18],[26] | 15% | ||||
Interest rate paid in kind | [1],[14],[18],[26] | 18.74% | ||||
Principal | [1],[14],[18],[26] | $ 1,793 | ||||
Investments, at fair value | [1],[4],[14],[18],[26] | 1,000 | ||||
Investment, Identifier [Axis]: MCP Shaw Acquisitionco, LLC, Equity Securities, Class A-2 units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [4],[21] | $ 204 | ||||
Number of units held | [21] | 118,906 | ||||
Investment, Identifier [Axis]: MCP Shaw Acquisitionco, LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 6.50% | ||||
Interest rate | 11.06% | |||||
Principal | $ 9,722 | |||||
Investments, at fair value | [4] | $ 9,736 | ||||
Investment, Identifier [Axis]: MCP Shaw Acquisitionco, LLC, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 6.50% | ||||
Interest rate | 11.06% | |||||
Principal | $ 2,972 | |||||
Investments, at fair value | [4] | $ 2,977 | ||||
Investment, Identifier [Axis]: MCP Shaw Acquisitionco, LLC, Senior Secured Loans 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 6.50% | ||||
Interest rate | 11.06% | |||||
Principal | $ 978 | |||||
Investments, at fair value | [4] | $ 979 | ||||
Investment, Identifier [Axis]: MCP Shaw Acquisitionco, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[11] | 6.50% | ||||
Interest rate | [1] | 11.06% | ||||
Principal | [1] | $ 1,784 | ||||
Investments, at fair value | [1],[4] | 0 | ||||
Investment, Identifier [Axis]: MEI Buyer LLC , Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10],[12],[13] | 6.50% | ||||
Interest rate | [12],[13] | 11.86% | ||||
Principal | [12],[13] | $ 317 | ||||
Investments, at fair value | [3],[12],[13] | 0 | ||||
Investment, Identifier [Axis]: MEI Buyer LLC, Equity Securities, Common stock | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [3] | $ 158 | ||||
Number of units held | 155 | |||||
Investment, Identifier [Axis]: MEI Buyer LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 6.50% | ||||
Interest rate | 11.86% | |||||
Principal | $ 1,995 | |||||
Investments, at fair value | [3] | $ 2,035 | ||||
Investment, Identifier [Axis]: MEI Buyer LLC, Senior Secured Loans Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10],[12] | 6.50% | ||||
Interest rate | [12] | 11.84% | ||||
Principal | [12] | $ 410 | ||||
Investments, at fair value | [3],[12] | 7 | ||||
Investment, Identifier [Axis]: MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 35,509 | 41,125 | ||||
Investment, Identifier [Axis]: MRCC Senior Loan Fund I, LLC, Equity Securities | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 33,122 | [3],[15] | $ 35,509 | [4],[18] | ||
Percentage of equity interest | 50% | [15] | 50% | [18] | ||
Investment, Identifier [Axis]: MV Receivables II, LLC, Equity Securities, Common units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 0 | [3],[15],[20] | $ 1,154 | [4],[18],[21] | ||
Number of units held | 1,458 | [15],[20] | 1,458 | [18],[21] | ||
Investment, Identifier [Axis]: MV Receivables II, LLC, Equity Securities, Warrant | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 0 | [3],[15],[20] | $ 1,655 | [4],[18],[21] | ||
Investment, Identifier [Axis]: MV Receivables II, LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 9.75% | [10],[15] | 9.75% | [11],[18] | ||
Interest rate | 15.09% | [15] | 13.87% | [18] | ||
Principal | $ 8,100 | [15] | $ 8,115 | [18] | ||
Investments, at fair value | $ 7,695 | [3],[15] | $ 7,968 | [4],[18] | ||
Investment, Identifier [Axis]: MacQueen Equipment, LLC | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.51% | 5.25% | ||||
Interest rate | 10.86% | 9.98% | ||||
Principal | $ 2,075 | $ 2,096 | ||||
Investments, at fair value | $ 2,075 | $ 2,096 | ||||
Investment, Identifier [Axis]: MacQueen Equipment, LLC, Delayed Draw | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.51% | 5.25% | ||||
Interest rate | 10.86% | 9.98% | ||||
Principal | $ 591 | $ 592 | ||||
Investments, at fair value | $ 78 | $ 69 | ||||
Investment, Identifier [Axis]: MacQueen Equipment, LLC, Revolver | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.51% | 5.25% | ||||
Interest rate | 10.86% | 9.98% | ||||
Principal | $ 296 | $ 296 | ||||
Investments, at fair value | $ 0 | $ 0 | ||||
Investment, Identifier [Axis]: Mammoth Holdings, LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 6% | ||||
Interest rate | 9.82% | |||||
Principal | $ 1,920 | |||||
Investments, at fair value | [4] | $ 1,917 | ||||
Investment, Identifier [Axis]: Mammoth Holdings, LLC, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 6% | ||||
Interest rate | 9.82% | |||||
Principal | $ 4,031 | |||||
Investments, at fair value | [4] | $ 4,025 | ||||
Investment, Identifier [Axis]: Mammoth Holdings, LLC, Senior Secured Loans 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 6% | ||||
Interest rate | 9.82% | |||||
Principal | $ 6,291 | |||||
Investments, at fair value | [4] | $ 6,282 | ||||
Investment, Identifier [Axis]: Mammoth Holdings, LLC, Senior Secured Loans 4 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 6% | ||||
Interest rate | 9.82% | |||||
Principal | $ 1,633 | |||||
Investments, at fair value | [4] | $ 1,630 | ||||
Investment, Identifier [Axis]: Mammoth Holdings, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[11] | 6% | ||||
Interest rate | [1] | 9.82% | ||||
Principal | [1] | $ 657 | ||||
Investments, at fair value | [1],[4] | 0 | ||||
Investment, Identifier [Axis]: MarkLogic Corporation, Equity Securities, Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [4] | $ 426 | ||||
Number of units held | 290,239 | |||||
Investment, Identifier [Axis]: MarkLogic Corporation, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 6.50% | ||||
Interest rate | 10.85% | |||||
Principal | $ 3,430 | |||||
Investments, at fair value | [4] | $ 3,414 | ||||
Investment, Identifier [Axis]: MarkLogic Corporation, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 6.50% | ||||
Interest rate | 10.85% | |||||
Principal | $ 320 | |||||
Investments, at fair value | [4] | $ 318 | ||||
Investment, Identifier [Axis]: MarkLogic Corporation, Senior Secured Loans 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 6.50% | ||||
Interest rate | 10.85% | |||||
Principal | $ 2,669 | |||||
Investments, at fair value | [4] | $ 2,656 | ||||
Investment, Identifier [Axis]: MarkLogic Corporation, Senior Secured Loans 4 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 6.50% | ||||
Interest rate | 10.85% | |||||
Principal | $ 214 | |||||
Investments, at fair value | [4] | $ 213 | ||||
Investment, Identifier [Axis]: MarkLogic Corporation, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[11] | 6.50% | ||||
Interest rate | [1] | 10.85% | ||||
Principal | [1] | $ 269 | ||||
Investments, at fair value | [1],[4] | $ 0 | ||||
Investment, Identifier [Axis]: Mavenir Systems, Inc. | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.01% | 4.75% | ||||
Interest rate | 10.39% | 9.42% | ||||
Principal | $ 1,638 | $ 1,654 | ||||
Investments, at fair value | $ 1,159 | $ 1,350 | ||||
Investment, Identifier [Axis]: McKissock Investment Holdings, LLC | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5% | 5% | ||||
Interest rate | 10.54% | 8.87% | ||||
Principal | $ 2,456 | $ 2,481 | ||||
Investments, at fair value | $ 2,459 | $ 2,322 | ||||
Investment, Identifier [Axis]: Medallia, Inc., Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.60% | [10] | 6.50% | [11] | ||
Interest rate paid in cash | 7.95% | |||||
Interest rate paid in kind | 4% | 10.88% | ||||
Principal | $ 2,140 | $ 2,049 | ||||
Investments, at fair value | $ 2,141 | [3] | $ 2,041 | [4] | ||
Investment, Identifier [Axis]: Mindbody, Inc., Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.15% | [10] | 7% | [11] | ||
Interest rate | 12.53% | 11.73% | ||||
Principal | $ 6,536 | $ 6,536 | ||||
Investments, at fair value | $ 6,536 | [3] | $ 6,526 | [4] | ||
Investment, Identifier [Axis]: Mindbody, Inc., Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.15% | [10] | 7% | [11] | ||
Interest rate | 12.53% | 11.73% | ||||
Principal | $ 474 | $ 674 | ||||
Investments, at fair value | $ 474 | [3] | $ 673 | [4] | ||
Investment, Identifier [Axis]: Mindbody, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.15% | [10],[12] | 7% | [1],[11] | ||
Interest rate | 12.53% | [12] | 11.73% | [1] | ||
Principal | $ 667 | [12] | $ 667 | [1] | ||
Investments, at fair value | $ 0 | [3],[12] | $ 0 | [1],[4] | ||
Investment, Identifier [Axis]: Minotaur Acquisition, Inc. | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 4.85% | 4.75% | ||||
Interest rate | 10.21% | 9.17% | ||||
Principal | $ 4,806 | $ 4,857 | ||||
Investments, at fair value | 4,814 | 4,656 | ||||
Investment, Identifier [Axis]: Mnine Holdings, Inc. | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 55 | 0 | ||||
Investment, Identifier [Axis]: Mnine Holdings, Inc. 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 6,187 | 5,492 | ||||
Investment, Identifier [Axis]: Mnine Holdings, Inc. 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 0 | 0 | ||||
Investment, Identifier [Axis]: Mnine Holdings, Inc. Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 5,492 | 5,771 | ||||
Investment, Identifier [Axis]: Mnine Holdings, Inc., Class B units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 0 | $ 0 | 0 | |||
Number of units held | 6,400 | 6,400 | ||||
Investment, Identifier [Axis]: Mnine Holdings, Inc., Equity Securities, Class B units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 0 | [3] | $ 0 | [4] | ||
Number of units held | 6,400 | 6,400 | ||||
Investment, Identifier [Axis]: Mnine Holdings, Inc., Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 658 | $ 214 | 0 | |||
Investment, Identifier [Axis]: Mnine Holdings, Inc., Revolver, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10],[12] | 7.26% | ||||
Interest rate | [12] | 12.61% | ||||
Principal | [12] | $ 747 | ||||
Investments, at fair value | [3],[12] | $ 658 | ||||
Investment, Identifier [Axis]: Mnine Holdings, Inc., Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 8% | ||||
Interest rate paid in cash | 7.84% | |||||
Interest rate paid in kind | 5% | |||||
Principal | $ 5,492 | |||||
Investments, at fair value | [4] | $ 5,492 | ||||
Investment, Identifier [Axis]: Mnine Holdings, Inc., Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 8.26% | ||||
Interest rate paid in kind | 13.61% | |||||
Principal | $ 6,266 | |||||
Investments, at fair value | [3] | $ 6,187 | ||||
Investment, Identifier [Axis]: Mnine Holdings, Inc., Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 8.26% | ||||
Interest rate paid in kind | 13.61% | |||||
Principal | $ 55 | |||||
Investments, at fair value | [3] | $ 55 | ||||
Investment, Identifier [Axis]: Mnine Holdings, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[11] | 8% | ||||
Interest rate paid in cash | [1] | 7.84% | ||||
Interest rate paid in kind | [1] | 5% | ||||
Principal | [1] | $ 533 | ||||
Investments, at fair value | [1],[4] | $ 214 | ||||
Investment, Identifier [Axis]: MoneyLion, Inc., Junior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10],[15] | 9.51% | ||||
Interest rate | [15] | 14.86% | ||||
Principal | [15] | $ 4,875 | ||||
Investments, at fair value | [3],[15] | 4,918 | ||||
Investment, Identifier [Axis]: MoneyLion, Inc., Junior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11],[18] | 9.25% | ||||
Interest rate | [18] | 14.07% | ||||
Principal | [18] | $ 5,250 | ||||
Investments, at fair value | [4],[18] | $ 5,165 | ||||
Investment, Identifier [Axis]: MoneyLion, Inc., Junior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11],[18] | 5.75% | ||||
Interest rate | [18] | 13.25% | ||||
Principal | [18] | $ 1,500 | ||||
Investments, at fair value | [4],[18] | $ 1,498 | ||||
Investment, Identifier [Axis]: MoneyLion, Inc., Junior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[11],[14],[18] | 9.25% | ||||
Interest rate | [1],[14],[18] | 14.07% | ||||
Principal | [1],[14],[18] | $ 1,500 | ||||
Investments, at fair value | [1],[4],[14],[18] | $ 0 | ||||
Investment, Identifier [Axis]: NCBP Property, LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11],[18] | 9.50% | ||||
Interest rate | [18] | 13.62% | ||||
Principal | [18] | $ 1,950 | ||||
Investments, at fair value | [4],[18] | 1,955 | ||||
Investment, Identifier [Axis]: NECB Collections, LLC, Equity Securities | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 0 | [3],[20] | $ 0 | [4],[21] | ||
Percentage of equity interest | 20.80% | [20] | 20.80% | [21] | ||
Investment, Identifier [Axis]: NECB Collections, LLC, LLC, Units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 0 | $ 0 | 0 | |||
Percentage of equity interest | 20.80% | 20.80% | ||||
Investment, Identifier [Axis]: NECB Collections, LLC, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 424 | $ 382 | 632 | |||
Investment, Identifier [Axis]: NECB Collections, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 11% | [10],[12] | 11% | [1],[11] | ||
Interest rate | [12],[19] | 16.94% | ||||
Interest rate paid in kind | [1] | 14.61% | ||||
Principal | $ 1,356 | [12] | $ 1,356 | [1] | ||
Investments, at fair value | 424 | [3],[12] | 382 | [1],[4] | ||
Investment, Identifier [Axis]: NQ PE Project Colosseum Midco Inc., Equity Securities, Common units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [4] | $ 327 | ||||
Number of units held | 327,133 | |||||
Investment, Identifier [Axis]: NQ PE Project Colosseum Midco Inc., Equity Securities, Common units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [3] | $ 326 | ||||
Number of units held | 327,133 | |||||
Investment, Identifier [Axis]: NQ PE Project Colosseum Midco Inc., Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.65% | [10] | 6% | [11] | ||
Interest rate | 11% | 10.59% | ||||
Principal | $ 3,465 | $ 3,500 | ||||
Investments, at fair value | $ 3,500 | [3] | $ 3,430 | [4] | ||
Investment, Identifier [Axis]: NQ PE Project Colosseum Midco Inc., Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10],[12],[13] | 5.65% | ||||
Interest rate | [12],[13] | 11% | ||||
Principal | [12],[13] | $ 778 | ||||
Investments, at fair value | [3],[12],[13] | $ 0 | ||||
Investment, Identifier [Axis]: NQ PE Project Colosseum Midco Inc., Senior Secured Loans, Delayed Draw) | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[11],[14] | 6% | ||||
Interest rate | [1],[14] | 10.59% | ||||
Principal | [1],[14] | $ 778 | ||||
Investments, at fair value | [1],[4],[14] | $ 0 | ||||
Investment, Identifier [Axis]: NQ PE Project Colosseum Midco Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.65% | [10],[12] | 6% | [1],[11] | ||
Interest rate | 11% | [12] | 10.59% | [1] | ||
Principal | $ 438 | [12] | $ 438 | [1] | ||
Investments, at fair value | 0 | [3],[12] | 0 | [1],[4] | ||
Investment, Identifier [Axis]: NationsBenefits, LLC, Equity Securities, Common units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 0 | [3],[20] | $ 66 | [4],[21] | ||
Number of units held | 106,667 | [20] | 106,667 | [21] | ||
Investment, Identifier [Axis]: NationsBenefits, LLC, Equity Securities, Series B units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | 500% | [20] | 5% | [21] | ||
Investments, at fair value | $ 706 | [3],[20] | $ 934 | [4],[21] | ||
Number of units held | 116,460 | [20] | 116,460 | [21] | ||
Investment, Identifier [Axis]: NationsBenefits, LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.10% | [10] | 7% | [11] | ||
Interest rate | 12.44% | 11.22% | ||||
Principal | $ 3,920 | $ 3,960 | ||||
Investments, at fair value | $ 3,951 | [3] | $ 4,039 | [4] | ||
Investment, Identifier [Axis]: NationsBenefits, LLC, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.10% | [10] | 7% | [11] | ||
Interest rate | 12.44% | 11.22% | ||||
Principal | $ 4,672 | $ 4,719 | ||||
Investments, at fair value | $ 4,708 | [3] | $ 4,813 | [4] | ||
Investment, Identifier [Axis]: NationsBenefits, LLC, Senior Secured Loans 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 7.10% | ||||
Interest rate | 12.44% | |||||
Principal | $ 5,065 | |||||
Investments, at fair value | [3] | $ 5,104 | ||||
Investment, Identifier [Axis]: NationsBenefits, LLC, Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[11],[14] | 7% | ||||
Interest rate | [1],[14] | 11.22% | ||||
Principal | [1],[14] | $ 5,089 | ||||
Investments, at fair value | [1],[4],[14] | $ 961 | ||||
Investment, Identifier [Axis]: NationsBenefits, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.10% | [10],[12] | 7% | [1],[11] | ||
Interest rate | 12.44% | [12] | 11.42% | [1] | ||
Principal | $ 2,222 | [12] | $ 2,222 | [1] | ||
Investments, at fair value | $ 889 | [3],[12] | $ 889 | [1],[4] | ||
Investment, Identifier [Axis]: Natus Medical Incorporated | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.50% | 5.50% | ||||
Interest rate | 10.85% | 8.68% | ||||
Principal | $ 4,950 | $ 5,000 | ||||
Investments, at fair value | 4,604 | $ 4,650 | ||||
Investment, Identifier [Axis]: Nearly Natural, Inc. , Senior Secured Loans3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 11.50% | ||||
Interest rate paid in cash | 12.32% | |||||
Interest rate paid in kind | 4% | |||||
Principal | $ 3,115 | |||||
Investments, at fair value | [4] | 2,787 | ||||
Investment, Identifier [Axis]: Nearly Natural, Inc. 2, Equity Securities, Class AA units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [3] | $ 28 | ||||
Number of units held | 61,087 | |||||
Investment, Identifier [Axis]: Nearly Natural, Inc., Equity Securities Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [4] | $ 0 | ||||
Number of units held | 152,174 | |||||
Investment, Identifier [Axis]: Nearly Natural, Inc., Equity Securities Class AA units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [4] | $ 0 | ||||
Number of units held | 61,087 | |||||
Investment, Identifier [Axis]: Nearly Natural, Inc., Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 11.50% | [10] | 11.50% | [11] | ||
Interest rate paid in cash | 12.85% | 12.32% | ||||
Interest rate paid in kind | 4% | 4% | ||||
Principal | $ 6,523 | $ 6,628 | ||||
Investments, at fair value | $ 6,270 | [3] | $ 5,931 | [4] | ||
Investment, Identifier [Axis]: Nearly Natural, Inc., Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 11.50% | [10] | 11.50% | [11] | ||
Interest rate paid in cash | 12.85% | 12.32% | ||||
Interest rate paid in kind | 4% | 4% | ||||
Principal | $ 1,691 | $ 1,714 | ||||
Investments, at fair value | $ 1,625 | [3] | $ 1,534 | [4] | ||
Investment, Identifier [Axis]: Nearly Natural, Inc., Senior Secured Loans 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 11.50% | ||||
Interest rate paid in cash | 12.85% | |||||
Interest rate paid in kind | 4% | |||||
Principal | $ 3,076 | |||||
Investments, at fair value | [3] | $ 2,957 | ||||
Investment, Identifier [Axis]: Nearly Natural, Inc., Senior Secured Loans 4 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 11.50% | [10] | 11.50% | [11] | ||
Interest rate paid in cash | 12.85% | 12.32% | ||||
Interest rate paid in kind | 4% | 4% | ||||
Principal | $ 1,841 | $ 1,868 | ||||
Investments, at fair value | $ 1,770 | [3] | $ 1,672 | [4] | ||
Investment, Identifier [Axis]: Nearly Natural, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 11.50% | [10] | 11.50% | [11] | ||
Interest rate paid in cash | 12.85% | 12.32% | ||||
Interest rate paid in kind | 4% | 4% | ||||
Principal | $ 2,634 | $ 2,505 | ||||
Investments, at fair value | 2,532 | [3] | $ 2,241 | [4] | ||
Investment, Identifier [Axis]: Nearly Natural, Inc.1, Equity Securities, Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [3] | $ 0 | ||||
Number of units held | 152,174 | |||||
Investment, Identifier [Axis]: Newforma, Inc., Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 5.50% | ||||
Interest rate | 10.23% | |||||
Principal | $ 938 | |||||
Investments, at fair value | [4] | $ 938 | ||||
Investment, Identifier [Axis]: Newforma, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[11] | 5.50% | ||||
Interest rate | [1] | 10.23% | ||||
Principal | [1] | $ 1,250 | ||||
Investments, at fair value | [1],[4] | $ 0 | ||||
Investment, Identifier [Axis]: North Haven Spartan US Holdco, LLC | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.25% | 6.25% | ||||
Interest rate | 11.63% | 10.71% | ||||
Principal | $ 2,250 | $ 2,280 | ||||
Investments, at fair value | $ 2,241 | $ 2,202 | ||||
Investment, Identifier [Axis]: North Haven USHC Acquisition, Inc., Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.60% | [10] | 6.50% | [11] | ||
Interest rate | 11.95% | 11.18% | ||||
Principal | $ 2,425 | $ 2,450 | ||||
Investments, at fair value | $ 2,399 | [3] | $ 2,448 | [4] | ||
Investment, Identifier [Axis]: North Haven USHC Acquisition, Inc., Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.35% | [10] | 6.25% | [11] | ||
Interest rate | 11.73% | 10.41% | ||||
Principal | $ 2,566 | $ 2,592 | ||||
Investments, at fair value | $ 2,528 | [3] | $ 2,575 | [4] | ||
Investment, Identifier [Axis]: North Haven USHC Acquisition, Inc., Senior Secured Loans 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.60% | [10] | 6.50% | [11] | ||
Interest rate | 11.95% | 11.18% | ||||
Principal | $ 703 | $ 710 | ||||
Investments, at fair value | $ 695 | [3] | $ 709 | [4] | ||
Investment, Identifier [Axis]: North Haven USHC Acquisition, Inc., Senior Secured Loans 4 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.60% | [10] | 6.50% | [11] | ||
Interest rate | 11.95% | 11.18% | ||||
Principal | $ 1,419 | $ 1,434 | ||||
Investments, at fair value | $ 1,404 | [3] | $ 1,433 | [4] | ||
Investment, Identifier [Axis]: North Haven USHC Acquisition, Inc., Senior Secured Loans Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[11] | 6.50% | ||||
Interest rate | [1] | 11.13% | ||||
Principal | [1] | $ 416 | ||||
Investments, at fair value | [1],[4] | $ 187 | ||||
Investment, Identifier [Axis]: North Haven USHC Acquisition, Inc., Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.35% | [10],[12],[13] | 6.50% | [1],[11],[14] | ||
Interest rate | 11.76% | [12],[13] | 11.18% | [1],[14] | ||
Principal | $ 1,056 | [12],[13] | $ 1,056 | [1],[14] | ||
Investments, at fair value | $ 353 | [3],[12],[13] | $ 0 | [1],[4],[14] | ||
Investment, Identifier [Axis]: North Haven USHC Acquisition, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10],[12] | 6.60% | ||||
Interest rate | [12] | 12% | ||||
Principal | [12] | $ 416 | ||||
Investments, at fair value | [3],[12] | $ 103 | ||||
Investment, Identifier [Axis]: Oceana Australian Fixed Income Trust, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate | [18],[30],[32] | 10.75% | ||||
Principal | [18],[30],[32] | $ 3,084 | ||||
Investments, at fair value | [4],[18],[30],[32] | $ 3,084 | ||||
Investment, Identifier [Axis]: Oceana Australian Fixed Income Trust, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate | [18],[30],[32] | 11.50% | ||||
Principal | [18],[30],[32] | $ 7,321 | ||||
Investments, at fair value | [4],[18],[30],[32] | $ 7,321 | ||||
Investment, Identifier [Axis]: Offen, Inc. 1 | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.11% | 5% | ||||
Interest rate | 10.47% | 9.38% | ||||
Principal | $ 2,249 | $ 2,249 | ||||
Investments, at fair value | $ 2,249 | $ 2,249 | ||||
Investment, Identifier [Axis]: Offen, Inc. 2 | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.11% | 5% | ||||
Interest rate | 10.47% | 9.38% | ||||
Principal | $ 858 | $ 867 | ||||
Investments, at fair value | $ 858 | $ 867 | ||||
Investment, Identifier [Axis]: Onit, Inc., Unitranche Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.50% | [10] | 7.25% | [11] | ||
Interest rate | 12.97% | 12.30% | ||||
Principal | $ 1,680 | $ 1,680 | ||||
Investments, at fair value | $ 1,680 | [3] | $ 1,663 | [4] | ||
Investment, Identifier [Axis]: Orbit Purchaser LLC 1 | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 4.50% | |||||
Interest rate | 9.23% | |||||
Principal | $ 2,406 | |||||
Investments, at fair value | $ 2,190 | |||||
Investment, Identifier [Axis]: Orbit Purchaser LLC 2 | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 4.50% | |||||
Interest rate | 9.23% | |||||
Principal | $ 1,858 | |||||
Investments, at fair value | $ 1,691 | |||||
Investment, Identifier [Axis]: Orbit Purchaser LLC 3 | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 4.50% | |||||
Interest rate | 9.23% | |||||
Principal | $ 543 | |||||
Investments, at fair value | $ 494 | |||||
Investment, Identifier [Axis]: Output Services Group, Inc. | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.68% | 6.75% | ||||
Interest rate | 12.07% | |||||
Interest rate paid in cash | 9.80% | |||||
Interest rate paid in kind | 1.50% | |||||
Principal | $ 1,042 | $ 4,807 | ||||
Investments, at fair value | 1,041 | $ 3,275 | ||||
Investment, Identifier [Axis]: Output Services Group, Inc., Class A units | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 51 | |||||
Investments, at fair value | $ 438 | |||||
Number of units held | 51,370 | |||||
Investment, Identifier [Axis]: PH Beauty Holdings III, INC. | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5% | 5% | ||||
Interest rate | 10.35% | 9.73% | ||||
Principal | $ 2,368 | $ 2,393 | ||||
Investments, at fair value | $ 2,253 | $ 1,950 | ||||
Investment, Identifier [Axis]: PKS Holdings, LLC, Equity Securities, Preferred units 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | 12% | [15] | 12% | [18] | ||
Investments, at fair value | $ 251 | [3],[15] | $ 298 | [4],[18] | ||
Number of units held | 5,680 | [15] | 5,680 | [18] | ||
Investment, Identifier [Axis]: PKS Holdings, LLC, Equity Securities, Preferred units 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | 12% | [15] | 12% | [18] | ||
Investments, at fair value | $ 39 | [3],[15] | $ 46 | [4],[18] | ||
Number of units held | 5,714 | [15] | 5,714 | [18] | ||
Investment, Identifier [Axis]: PKS Holdings, LLC, Equity Securities, Preferred units 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | 12% | [15] | 12% | [18] | ||
Investments, at fair value | $ 6 | [3],[15] | $ 7 | [4],[18] | ||
Number of units held | 132 | [15] | 132 | [18] | ||
Investment, Identifier [Axis]: PKS Holdings, LLC, Equity Securities, Preferred units 4 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | 12% | [15] | 12% | [18] | ||
Investments, at fair value | $ 39 | [3],[15] | $ 46 | [4],[18] | ||
Number of units held | 916 | [15] | 916 | [18] | ||
Investment, Identifier [Axis]: PVHC Holding Corp | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.65% | 4.75% | ||||
Interest rate | 9.48% | |||||
Interest rate paid in cash | 11% | |||||
Interest rate paid in kind | 0.75% | |||||
Principal | $ 1,895 | $ 3,184 | ||||
Investments, at fair value | $ 1,895 | $ 3,072 | ||||
Investment, Identifier [Axis]: Panda Acquisition, LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.35% | [10] | 6.35% | [11] | ||
Interest rate | 11.70% | 10.28% | ||||
Principal | $ 4,388 | $ 4,500 | ||||
Investments, at fair value | $ 3,707 | [3] | $ 3,690 | [4] | ||
Investment, Identifier [Axis]: Paragon Healthcare, Inc. | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.75% | |||||
Interest rate | 9.81% | |||||
Principal | $ 2,127 | |||||
Investments, at fair value | $ 2,109 | |||||
Investment, Identifier [Axis]: Paragon Healthcare, Inc. 1 | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.85% | |||||
Interest rate | 11.25% | |||||
Principal | $ 2,105 | |||||
Investments, at fair value | $ 2,083 | |||||
Investment, Identifier [Axis]: Paragon Healthcare, Inc. 2 | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.75% | |||||
Interest rate | 11.22% | |||||
Principal | $ 363 | |||||
Investments, at fair value | $ 359 | |||||
Investment, Identifier [Axis]: Paragon Healthcare, Inc., Delayed Draw | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.75% | |||||
Interest rate | 10.06% | |||||
Principal | $ 366 | |||||
Investments, at fair value | $ 242 | |||||
Investment, Identifier [Axis]: Paragon Healthcare, Inc., Revolver | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.75% | 5.75% | ||||
Interest rate | 11.22% | 10.26% | ||||
Principal | $ 490 | $ 490 | ||||
Investments, at fair value | $ 0 | $ 61 | ||||
Investment, Identifier [Axis]: Phoenix Chemical Holding Company LLC | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.11% | |||||
Interest rate | 12.47% | |||||
Principal | $ 1,131 | |||||
Investments, at fair value | $ 1,020 | |||||
Investment, Identifier [Axis]: Phoenix Chemical Holding Company LLC (fka Polymer Solutions Group) | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7% | |||||
Interest rate | 11.39% | |||||
Principal | $ 1,139 | |||||
Investments, at fair value | $ 1,132 | |||||
Investment, Identifier [Axis]: Planful, Inc., Equity Securities, Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | 8% | 8% | ||||
Investments, at fair value | $ 942 | [3] | $ 563 | [4] | ||
Number of units held | 473,082 | 473,082 | ||||
Investment, Identifier [Axis]: Planful, Inc., Equity Securities, Class B units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [3] | $ 23 | ||||
Number of units held | 35,791 | |||||
Investment, Identifier [Axis]: Planful, Inc., Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.76% | [10] | 6.50% | [11] | ||
Interest rate | 12.16% | 10.32% | ||||
Principal | $ 9,500 | $ 9,500 | ||||
Investments, at fair value | $ 9,500 | [3] | $ 9,443 | [4] | ||
Investment, Identifier [Axis]: Planful, Inc., Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.76% | [10] | 6.50% | [11] | ||
Interest rate | 12.16% | 9.90% | ||||
Principal | $ 530 | $ 530 | ||||
Investments, at fair value | $ 530 | [3] | $ 527 | [4] | ||
Investment, Identifier [Axis]: Planful, Inc., Senior Secured Loans 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.76% | [10] | 6.50% | [11] | ||
Interest rate | 12.16% | 10.32% | ||||
Principal | $ 1,326 | $ 1,325 | ||||
Investments, at fair value | $ 1,326 | [3] | $ 1,318 | [4] | ||
Investment, Identifier [Axis]: Planful, Inc., Senior Secured Loans 4 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.76% | [10] | 6.50% | [11] | ||
Interest rate | 12.16% | 10.32% | ||||
Principal | $ 884 | $ 884 | ||||
Investments, at fair value | $ 884 | [3] | $ 878 | [4] | ||
Investment, Identifier [Axis]: Planful, Inc., Senior Secured Loans 5 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 6.76% | ||||
Interest rate | 12.16% | |||||
Principal | $ 707 | |||||
Investments, at fair value | [3] | $ 708 | ||||
Investment, Identifier [Axis]: Planful, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.76% | [10] | 6.50% | [11] | ||
Interest rate | 12.16% | 10.32% | ||||
Principal | $ 442 | $ 442 | ||||
Investments, at fair value | $ 442 | [3] | $ 439 | [4] | ||
Investment, Identifier [Axis]: Polychem Acquisition, LLC | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.11% | 5% | ||||
Interest rate | 10.47% | 9.38% | ||||
Principal | $ 2,858 | $ 2,888 | ||||
Investments, at fair value | 2,855 | $ 2,888 | ||||
Investment, Identifier [Axis]: Polyventive Lender Holding Company LLC, Equity | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | 0 | |||||
Investments, at fair value | $ 0 | |||||
Percentage of equity interest | 0.84% | |||||
Investment, Identifier [Axis]: Prototek LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 7.85% | ||||
Interest rate paid in cash | 12.44% | |||||
Interest rate paid in kind | 0.75% | |||||
Principal | $ 2,482 | |||||
Investments, at fair value | [3] | $ 2,380 | ||||
Investment, Identifier [Axis]: Prototek LLC (Revolver) | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10],[12] | 7.85% | ||||
Interest rate paid in cash | [12] | 12.44% | ||||
Interest rate paid in kind | [12] | 0.75% | ||||
Principal | [12] | $ 288 | ||||
Investments, at fair value | [3],[12] | 0 | ||||
Investment, Identifier [Axis]: Prototek LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 6.50% | ||||
Interest rate | 10.83% | |||||
Principal | $ 2,500 | |||||
Investments, at fair value | [4] | $ 2,425 | ||||
Investment, Identifier [Axis]: Prototek LLC, Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[11],[14] | 6.50% | ||||
Interest rate | [1],[14] | 10.83% | ||||
Principal | [1],[14] | $ 768 | ||||
Investments, at fair value | [1],[4],[14] | $ 0 | ||||
Investment, Identifier [Axis]: Prototek LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[11] | 6.50% | ||||
Interest rate | [1] | 10.83% | ||||
Principal | [1] | $ 576 | ||||
Investments, at fair value | [1],[4] | $ 0 | ||||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 6.50% | ||||
Interest rate | 10.62% | |||||
Principal | $ 972 | |||||
Investments, at fair value | [4] | $ 972 | ||||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 6.50% | ||||
Interest rate | 10.62% | |||||
Principal | $ 1,068 | |||||
Investments, at fair value | [4] | $ 1,067 | ||||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC Senior Secured Loans 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 6.50% | ||||
Interest rate | 10.62% | |||||
Principal | $ 3,796 | |||||
Investments, at fair value | [4] | $ 3,781 | ||||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC, (Delayed Draw) | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[11],[14] | 6.50% | ||||
Interest rate | [1],[14] | 10.62% | ||||
Principal | [1],[14] | $ 1,772 | ||||
Investments, at fair value | [1],[4],[14] | 381 | ||||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC, Equity Securities, Warrant 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 257 | [3] | 210 | [4] | ||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC, Equity Securities, Warrant 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 180 | [3] | $ 147 | [4] | ||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 6.61% | ||||
Interest rate | 11.96% | |||||
Principal | $ 852 | |||||
Investments, at fair value | [3] | $ 857 | ||||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 6.61% | ||||
Interest rate | 11.96% | |||||
Principal | $ 935 | |||||
Investments, at fair value | [3] | $ 941 | ||||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC, Senior Secured Loans 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 6.61% | ||||
Interest rate | 11.96% | |||||
Principal | $ 3,326 | |||||
Investments, at fair value | [3] | $ 3,326 | ||||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC, Senior Secured Loans 4 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 6.61% | ||||
Interest rate | 11.96% | |||||
Principal | $ 335 | |||||
Investments, at fair value | [3] | $ 335 | ||||
Investment, Identifier [Axis]: Radiology Partners, Inc. | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 4.68% | 4.25% | ||||
Interest rate | 10.18% | 8.64% | ||||
Principal | $ 4,737 | $ 4,760 | ||||
Investments, at fair value | 3,844 | 4,018 | ||||
Investment, Identifier [Axis]: Recorded Future, Inc, Equity Securities Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [3],[33] | $ 261 | ||||
Number of units held | [33] | 80,486 | ||||
Investment, Identifier [Axis]: Recorded Future, Inc., Equity Securities, Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [4],[34] | $ 225 | ||||
Number of units held | [34] | 80,486 | ||||
Investment, Identifier [Axis]: Recycled Plastics Industries, LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.60% | [10] | 6.75% | [11] | ||
Interest rate | 10.87% | |||||
Interest rate paid in cash | 12.19% | |||||
Interest rate paid in kind | 0.75% | |||||
Principal | $ 2,811 | $ 3,456 | ||||
Investments, at fair value | $ 2,776 | [3] | $ 3,370 | [4] | ||
Investment, Identifier [Axis]: Recycled Plastics Industries, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.60% | [10],[12] | 6.75% | [1],[11] | ||
Interest rate | [1] | 10.87% | ||||
Interest rate paid in cash | [12] | 12.19% | ||||
Interest rate paid in kind | [12] | 0.75% | ||||
Principal | $ 284 | [12] | $ 473 | [1] | ||
Investments, at fair value | $ 0 | [3],[12] | $ 0 | [1],[4] | ||
Investment, Identifier [Axis]: Relativity ODA LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 6.60% | ||||
Interest rate paid in kind | 11.96% | |||||
Principal | $ 2,107 | |||||
Investments, at fair value | [3] | $ 2,105 | ||||
Investment, Identifier [Axis]: Relativity ODA LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 7.50% | ||||
Interest rate paid in kind | 11.89% | |||||
Principal | $ 2,061 | |||||
Investments, at fair value | [4] | $ 2,060 | ||||
Investment, Identifier [Axis]: Relativity ODA LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.60% | [10],[12] | 7.50% | [1],[11] | ||
Interest rate paid in kind | 11.96% | 11.89% | [1] | |||
Principal | $ 180 | [12] | $ 180 | [1] | ||
Investments, at fair value | 0 | [3],[12] | 0 | [1],[4] | ||
Investment, Identifier [Axis]: Relevate Health Group, LLC , Equity Securities, Class B common units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [3] | $ 0 | ||||
Number of units held | 40 | |||||
Investment, Identifier [Axis]: Relevate Health Group, LLC , Equity Securities, Preferred units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | 1,200% | |||||
Investments, at fair value | [3] | $ 19 | ||||
Number of units held | 40 | |||||
Investment, Identifier [Axis]: Relevate Health Group, LLC, Equity Securities, Class B common units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [4] | $ 0 | ||||
Number of units held | 40 | |||||
Investment, Identifier [Axis]: Relevate Health Group, LLC, Equity Securities, Preferred units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | 12% | |||||
Investments, at fair value | [4] | $ 36 | ||||
Number of units held | 40 | |||||
Investment, Identifier [Axis]: Relevate Health Group, LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 5.75% | ||||
Interest rate | 9.97% | |||||
Principal | $ 1,474 | |||||
Investments, at fair value | [4] | $ 1,449 | ||||
Investment, Identifier [Axis]: Relevate Health Group, LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 6.10% | ||||
Interest rate | 11.44% | |||||
Principal | $ 1,459 | |||||
Investments, at fair value | [3] | $ 1,445 | ||||
Investment, Identifier [Axis]: Relevate Health Group, LLC, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 6.10% | ||||
Interest rate | 11.44% | |||||
Principal | $ 653 | |||||
Investments, at fair value | [3] | $ 647 | ||||
Investment, Identifier [Axis]: Relevate Health Group, LLC, Senior Secured Loans Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[11] | 5.75% | ||||
Interest rate | [1] | 9.97% | ||||
Principal | [1] | $ 316 | ||||
Investments, at fair value | [1],[4] | $ 0 | ||||
Investment, Identifier [Axis]: Relevate Health Group, LLC, Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[11],[14] | 5.75% | ||||
Interest rate | [1],[14] | 9.97% | ||||
Principal | [1],[14] | $ 778 | ||||
Investments, at fair value | [1],[4],[14] | $ 648 | ||||
Investment, Identifier [Axis]: Relevate Health Group, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10],[12] | 6.10% | ||||
Interest rate | [12] | 11.43% | ||||
Principal | [12] | $ 316 | ||||
Investments, at fair value | [3],[12] | $ 84 | ||||
Investment, Identifier [Axis]: Research Now Group, Inc. and Survey Sampling International, LLC | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.76% | 5.50% | ||||
Interest rate | 11.14% | 8.84% | ||||
Principal | $ 6,580 | $ 6,650 | ||||
Investments, at fair value | $ 4,914 | 5,035 | ||||
Investment, Identifier [Axis]: Rockdale Blackhawk, LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | [35] | 0 | ||||
Investments, at fair value | [4],[35] | $ 557 | ||||
Investment, Identifier [Axis]: Runner Buyer INC. | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.61% | 5.50% | ||||
Interest rate | 11% | 10.23% | ||||
Principal | $ 2,948 | $ 2,978 | ||||
Investments, at fair value | 2,333 | 2,114 | ||||
Investment, Identifier [Axis]: SFR Holdco, LLC, Equity Securities | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 4,372 | [3],[15] | $ 3,900 | [4],[18] | ||
Percentage of equity interest | 24.40% | [15] | 24.40% | [18] | ||
Investment, Identifier [Axis]: SFR Holdco, LLC, Equity interests | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 4,372 | $ 3,900 | ||||
Percentage of equity interest | 24.40% | |||||
Investment, Identifier [Axis]: SFR Holdco, LLC, Junior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate | 8% | [15] | 8% | [18] | ||
Principal | $ 5,850 | [15] | $ 5,850 | [18] | ||
Investments, at fair value | 5,539 | [3],[15] | 5,850 | [4],[18] | ||
Investment, Identifier [Axis]: SFR Holdco, LLC, Junior secured loan | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 5,539 | 5,850 | ||||
Investment, Identifier [Axis]: SFR Holding, LLC, Equity interests | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 3,900 | 3,900 | ||||
Percentage of equity interest | 24.40% | |||||
Investment, Identifier [Axis]: SFR Holdings, LLC, Junior secured loan | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 5,850 | 5,850 | ||||
Investment, Identifier [Axis]: SIRVA Worldwide Inc. | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.76% | 5.50% | ||||
Interest rate | 11.15% | 10.23% | ||||
Principal | $ 1,750 | $ 1,800 | ||||
Investments, at fair value | $ 1,556 | $ 1,606 | ||||
Investment, Identifier [Axis]: STATS Intermediate Holdings, LLC | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.51% | 5.25% | ||||
Interest rate | 10.88% | 9.90% | ||||
Principal | $ 4,800 | $ 4,850 | ||||
Investments, at fair value | $ 4,684 | $ 4,498 | ||||
Investment, Identifier [Axis]: SW Ingredients Holdings, LLC | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 4.75% | 4.75% | ||||
Interest rate | 10.21% | 9.13% | ||||
Principal | $ 3,544 | $ 3,581 | ||||
Investments, at fair value | $ 3,539 | $ 3,581 | ||||
Investment, Identifier [Axis]: Sandvine Corporation | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 4.50% | 4.50% | ||||
Interest rate | 9.97% | 8.88% | ||||
Principal | $ 1,973 | $ 2,000 | ||||
Investments, at fair value | 1,598 | 1,904 | ||||
Investment, Identifier [Axis]: Second Avenue SFR Holdings II LLC, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 3,323 | $ 4,755 | 2,104 | |||
Investment, Identifier [Axis]: Second Avenue SFR Holdings II LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7% | [10],[12],[15] | 7% | [1],[11],[18] | ||
Interest rate | 12.34% | [12],[15] | 11.12% | [1],[18] | ||
Principal | $ 4,875 | [12],[15] | $ 4,875 | [1],[18] | ||
Investments, at fair value | $ 3,323 | [3],[12],[15] | $ 4,755 | [1],[4],[18] | ||
Investment, Identifier [Axis]: Secretariat Advisors LLC 1 | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.01% | 4.75% | ||||
Interest rate | 10.36% | 9.48% | ||||
Principal | $ 1,676 | $ 1,693 | ||||
Investments, at fair value | $ 1,676 | $ 1,634 | ||||
Investment, Identifier [Axis]: Secretariat Advisors LLC 2 | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.01% | 4.75% | ||||
Interest rate | 10.36% | 9.48% | ||||
Principal | $ 267 | $ 270 | ||||
Investments, at fair value | $ 267 | $ 260 | ||||
Investment, Identifier [Axis]: Security Services Acquisition Sub Corp., Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.10% | [10] | 6% | [11] | ||
Interest rate | 11.46% | 10.42% | ||||
Principal | $ 3,344 | $ 3,378 | ||||
Investments, at fair value | $ 3,341 | [3] | $ 3,372 | [4] | ||
Investment, Identifier [Axis]: Security Services Acquisition Sub Corp., Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.10% | [10] | 6% | [11] | ||
Interest rate | 11.46% | 10.42% | ||||
Principal | $ 2,406 | $ 2,430 | ||||
Investments, at fair value | $ 2,403 | [3] | $ 2,425 | [4] | ||
Investment, Identifier [Axis]: Security Services Acquisition Sub Corp., Senior Secured Loans 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.10% | [10] | 6% | [11] | ||
Interest rate | 11.46% | 10.42% | ||||
Principal | $ 7,820 | $ 7,900 | ||||
Investments, at fair value | $ 7,812 | [3] | $ 7,884 | [4] | ||
Investment, Identifier [Axis]: Security Services Acquisition Sub Corp., Senior Secured Loans 4 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.10% | [10] | 6% | [11] | ||
Interest rate | 11.46% | 10.42% | ||||
Principal | $ 2,113 | $ 2,135 | ||||
Investments, at fair value | $ 2,111 | [3] | $ 2,131 | [4] | ||
Investment, Identifier [Axis]: Security Services Acquisition Sub Corp., Senior Secured Loans 5 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.10% | [10] | 6% | [11] | ||
Interest rate | 11.46% | 10.40% | ||||
Principal | $ 1,520 | $ 1,535 | ||||
Investments, at fair value | 1,518 | [3] | 1,532 | [4] | ||
Investment, Identifier [Axis]: Seran BioScience, LLC, Equity Securities, Common units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 755 | [3],[20] | $ 537 | [4],[21] | ||
Number of units held | 33,333 | [20] | 33,333 | [21] | ||
Investment, Identifier [Axis]: Seran BioScience, LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 6.25% | ||||
Interest rate | 9.96% | |||||
Principal | $ 2,456 | |||||
Investments, at fair value | [4] | $ 2,435 | ||||
Investment, Identifier [Axis]: Seran BioScience, LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 6.25% | ||||
Interest rate | 11.64% | |||||
Principal | $ 2,431 | |||||
Investments, at fair value | [3] | $ 2,431 | ||||
Investment, Identifier [Axis]: Seran BioScience, LLC, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 6.25% | ||||
Interest rate | 11.66% | |||||
Principal | $ 2,757 | |||||
Investments, at fair value | [3] | $ 2,757 | ||||
Investment, Identifier [Axis]: Seran BioScience, LLC, Senior Secured Loans Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[11],[14] | 6.25% | ||||
Interest rate | [1],[14] | 10.67% | ||||
Principal | [1],[14] | $ 2,776 | ||||
Investments, at fair value | [1],[4],[14] | $ 1,320 | ||||
Investment, Identifier [Axis]: Seran BioScience, LLC, Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10],[12],[13] | 6.25% | ||||
Interest rate | [12],[13] | 11.66% | ||||
Principal | [12],[13] | $ 1,444 | ||||
Investments, at fair value | [3],[12],[13] | $ 333 | ||||
Investment, Identifier [Axis]: Seran BioScience, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.25% | [10],[12] | 6.25% | [1],[11] | ||
Interest rate | 11.64% | [12] | 9.96% | [1] | ||
Principal | $ 444 | [12] | $ 444 | [1] | ||
Investments, at fair value | 0 | [3],[12] | $ 0 | [1],[4] | ||
Investment, Identifier [Axis]: ServiceMax, Inc., Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11],[18] | 7% | ||||
Interest rate paid in kind | [18] | 11.12% | ||||
Principal | [18] | $ 3,846 | ||||
Investments, at fair value | [4],[18] | $ 3,884 | ||||
Investment, Identifier [Axis]: ServiceMax, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[11],[18] | 6% | ||||
Interest rate paid in kind | [1],[18] | 10.27% | ||||
Principal | [1],[18] | $ 350 | ||||
Investments, at fair value | [1],[4],[18] | $ 175 | ||||
Investment, Identifier [Axis]: Sparq Holdings, Inc., Equity Securities, Common stock | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [3] | $ 312 | ||||
Number of units held | 300,000 | |||||
Investment, Identifier [Axis]: Sparq Holdings, Inc., Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 6.25% | ||||
Interest rate | 11.43% | |||||
Principal | $ 995 | |||||
Investments, at fair value | [3] | $ 1,011 | ||||
Investment, Identifier [Axis]: Sparq Holdings, Inc., Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10],[12],[13] | 6.25% | ||||
Interest rate | [12],[13] | 11.43% | ||||
Principal | [12],[13] | $ 222 | ||||
Investments, at fair value | [3],[12],[13] | $ 0 | ||||
Investment, Identifier [Axis]: Sparq Holdings, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10],[12] | 6.25% | ||||
Interest rate | [12] | 11.43% | ||||
Principal | [12] | $ 205 | ||||
Investments, at fair value | [3],[12] | 0 | ||||
Investment, Identifier [Axis]: Spectrum Science Communications, LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 6.25% | ||||
Interest rate | 10.92% | |||||
Principal | $ 995 | |||||
Investments, at fair value | [4] | $ 1,005 | ||||
Investment, Identifier [Axis]: Spectrum Science Communications, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[11] | 6.25% | ||||
Interest rate | [1] | 10.92% | ||||
Principal | [1] | $ 200 | ||||
Investments, at fair value | [1],[4] | 0 | ||||
Investment, Identifier [Axis]: Spherix Global Inc., Equity Securities, Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 34 | [3] | $ 63 | [4] | ||
Number of units held | 81 | 81 | ||||
Investment, Identifier [Axis]: Spherix Global Inc., Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.36% | [10] | 6% | [11] | ||
Interest rate | 11.71% | 10.24% | ||||
Principal | $ 1,081 | $ 1,092 | ||||
Investments, at fair value | $ 1,048 | [3] | $ 1,088 | [4] | ||
Investment, Identifier [Axis]: Spherix Global Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.36% | [10],[12] | 6% | [1],[11] | ||
Interest rate | 11.71% | [12] | 10.24% | [1] | ||
Principal | $ 122 | [12] | $ 122 | [1] | ||
Investments, at fair value | $ 0 | [3],[12] | $ 0 | [1],[4] | ||
Investment, Identifier [Axis]: Sports Operating Holdings II, LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.85% | [10] | 5.75% | [11] | ||
Interest rate | 11.21% | 10.17% | ||||
Principal | $ 2,963 | $ 2,993 | ||||
Investments, at fair value | $ 2,963 | [3] | $ 2,918 | [4] | ||
Investment, Identifier [Axis]: Sports Operating Holdings II, LLC, Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.85% | [10],[12],[13] | 5.75% | [1],[11],[14] | ||
Interest rate | 11.21% | [12],[13] | 10.17% | [1],[14] | ||
Principal | $ 2,398 | [12],[13] | $ 2,400 | [1],[14] | ||
Investments, at fair value | $ 241 | [3],[12],[13] | $ 0 | [1],[4],[14] | ||
Investment, Identifier [Axis]: Sports Operating Holdings II, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.85% | [10],[12] | 5.75% | [1],[11] | ||
Interest rate | 11.21% | [12] | 10.17% | [1] | ||
Principal | $ 519 | [12] | $ 519 | [1] | ||
Investments, at fair value | $ 0 | [3],[12] | $ 0 | [1],[4] | ||
Investment, Identifier [Axis]: StarCompliance MidCo, LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.85% | [10] | 6.75% | [11] | ||
Interest rate | 12.20% | 11.48% | ||||
Principal | $ 2,000 | $ 2,000 | ||||
Investments, at fair value | $ 1,993 | [3] | $ 1,968 | [4] | ||
Investment, Identifier [Axis]: StarCompliance MidCo, LLC, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.85% | [10] | 6.75% | [11] | ||
Interest rate | 12.20% | 11.48% | ||||
Principal | $ 335 | $ 336 | ||||
Investments, at fair value | $ 334 | [3] | $ 330 | [4] | ||
Investment, Identifier [Axis]: StarCompliance MidCo, LLC, Senior Secured Loans 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 6.85% | ||||
Interest rate | 12.20% | |||||
Principal | $ 256 | |||||
Investments, at fair value | [3] | $ 255 | ||||
Investment, Identifier [Axis]: StarCompliance MidCo, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.85% | [10],[12] | 6.75% | [1],[11] | ||
Interest rate | 12.20% | [12] | 11.14% | [1] | ||
Principal | $ 323 | [12] | $ 322 | [1] | ||
Investments, at fair value | $ 190 | [3],[12] | $ 79 | [1],[4] | ||
Investment, Identifier [Axis]: TA TT Buyer, LLC | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5% | 5% | ||||
Interest rate | 10.35% | 8.98% | ||||
Principal | $ 3,292 | $ 3,325 | ||||
Investments, at fair value | $ 3,275 | $ 3,242 | ||||
Investment, Identifier [Axis]: TCFIII OWL Buyer LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.61% | [10] | 5.50% | [11] | ||
Interest rate | 10.97% | 9.94% | ||||
Principal | $ 1,999 | $ 2,019 | ||||
Investments, at fair value | $ 1,994 | [3] | $ 2,022 | [4] | ||
Investment, Identifier [Axis]: TCFIII OWL Buyer LLC, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.61% | [10] | 5.50% | [11] | ||
Interest rate | 10.97% | 9.94% | ||||
Principal | $ 2,441 | $ 2,466 | ||||
Investments, at fair value | $ 2,434 | [3] | $ 2,469 | [4] | ||
Investment, Identifier [Axis]: TCFIII OWL Buyer LLC, Senior Secured Loans 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.61% | [10] | 5.50% | [11] | ||
Interest rate | 10.97% | 9.94% | ||||
Principal | $ 2,190 | $ 2,213 | ||||
Investments, at fair value | $ 2,185 | [3] | $ 2,215 | [4] | ||
Investment, Identifier [Axis]: TEAM Public Choices, LLC | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.43% | 5% | ||||
Interest rate | 10.88% | 9.93% | ||||
Principal | $ 2,925 | $ 2,955 | ||||
Investments, at fair value | $ 2,908 | $ 2,822 | ||||
Investment, Identifier [Axis]: TGG TS Acquisition Company | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.61% | 6.50% | ||||
Interest rate | 11.97% | 10.88% | ||||
Principal | $ 2,885 | $ 3,190 | ||||
Investments, at fair value | 2,791 | 3,143 | ||||
Investment, Identifier [Axis]: TJ Management HoldCo LLC, Common stock | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 3,229 | 2,766 | ||||
Number of units held | 16 | |||||
Investment, Identifier [Axis]: TJ Management HoldCo LLC, Equity Securities, Common stock | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 3,229 | [3],[20] | $ 2,766 | [4],[21] | ||
Number of units held | 16 | [20] | 16 | [21] | ||
Investment, Identifier [Axis]: TJ Management HoldCo LLC, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 0 | $ 80 | ||||
Investment, Identifier [Axis]: TJ Management HoldCo LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.61% | [10],[12] | 5.50% | [1],[11] | ||
Interest rate | 10.94% | [12] | 9.89% | [1] | ||
Principal | $ 477 | [12] | $ 477 | [1] | ||
Investments, at fair value | $ 0 | [3],[12] | 80 | [1],[4] | ||
Investment, Identifier [Axis]: TJ Management HoldCo, LLC (Revolver) | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | 80 | 0 | ||||
Investment, Identifier [Axis]: TJ Management HoldCo, LLC, Common stock | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | $ 2,766 | $ 3,148 | ||||
Number of units held | 16 | |||||
Investment, Identifier [Axis]: TJC Spartech Acquisition Corp. | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 4.75% | 4.75% | ||||
Interest rate | 10.16% | 8.53% | ||||
Principal | $ 4,210 | $ 4,253 | ||||
Investments, at fair value | $ 4,063 | $ 4,131 | ||||
Investment, Identifier [Axis]: Tait LLC | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 4.50% | 5% | ||||
Interest rate | 10% | 8.75% | ||||
Principal | $ 4,040 | $ 4,083 | ||||
Investments, at fair value | $ 4,026 | $ 3,972 | ||||
Investment, Identifier [Axis]: Tait LLC, Revolver | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 4.50% | 4% | ||||
Interest rate | 10% | 10.25% | ||||
Principal | $ 769 | $ 769 | ||||
Investments, at fair value | $ 0 | $ 0 | ||||
Investment, Identifier [Axis]: Teneo Holdings LLC | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.35% | 5.25% | ||||
Interest rate | 10.71% | 9.67% | ||||
Principal | $ 4,787 | $ 4,837 | ||||
Investments, at fair value | $ 4,791 | $ 4,668 | ||||
Investment, Identifier [Axis]: The Cook & Boardman Group LLC | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.75% | |||||
Interest rate | 9.99% | |||||
Principal | $ 2,879 | |||||
Investments, at fair value | $ 2,458 | |||||
Investment, Identifier [Axis]: The Kleinfelder Group, Inc. | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.25% | |||||
Interest rate | 9.98% | |||||
Principal | $ 2,362 | |||||
Investments, at fair value | $ 2,362 | |||||
Investment, Identifier [Axis]: The Kyjen Company, LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.75% | [10] | 7.15% | [11] | ||
Interest rate paid in cash | 12.13% | 11.15% | ||||
Interest rate paid in kind | 1% | 0.50% | ||||
Principal | $ 988 | $ 986 | ||||
Investments, at fair value | $ 978 | [3] | $ 975 | [4] | ||
Investment, Identifier [Axis]: The Kyjen Company, LLC, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.50% | [10] | 7% | [11] | ||
Interest rate paid in kind | 12.96% | 11.42% | ||||
Principal | $ 1 | $ 0 | ||||
Investments, at fair value | $ 1 | [3] | $ 0 | [4] | ||
Investment, Identifier [Axis]: The Kyjen Company, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.75% | [10],[12] | 7.10% | [1],[11] | ||
Interest rate paid in cash | [12] | 12.13% | ||||
Interest rate paid in kind | 1% | [12] | 0.50% | [1] | ||
Principal | $ 105 | [12] | $ 105 | [1] | ||
Investments, at fair value | $ 0 | [3],[12] | $ 88 | [1],[4] | ||
Investment, Identifier [Axis]: Thrasio, LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.26% | [10] | 7% | [11] | ||
Interest rate | 12.61% | [19] | 11.73% | |||
Principal | $ 2,433 | $ 2,445 | ||||
Investments, at fair value | $ 1,408 | [3] | $ 2,445 | [4] | ||
Investment, Identifier [Axis]: TigerConnect, Inc., Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.90% | [10] | 7.25% | [11] | ||
Interest rate | 12.28% | |||||
Interest rate paid in cash | 7.86% | |||||
Interest rate paid in kind | 3.63% | |||||
Principal | $ 3,000 | $ 3,000 | ||||
Investments, at fair value | $ 2,940 | [3] | $ 2,963 | [4] | ||
Investment, Identifier [Axis]: TigerConnect, Inc., Senior Secured Loans Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[11] | 7.25% | ||||
Interest rate | [1] | 11.49% | ||||
Principal | [1] | $ 429 | ||||
Investments, at fair value | [1],[4] | $ 0 | ||||
Investment, Identifier [Axis]: TigerConnect, Inc., Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.90% | [10],[12],[13] | 7.25% | [1],[11],[14] | ||
Interest rate | [12],[13] | 12.28% | ||||
Interest rate paid in cash | [1],[14] | 7.86% | ||||
Interest rate paid in kind | [1],[14] | 3.63% | ||||
Principal | $ 225 | [12],[13] | $ 124 | [1],[14] | ||
Investments, at fair value | $ 133 | [3],[12],[13] | 27 | [1],[4],[14] | ||
Investment, Identifier [Axis]: TigerConnect, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10],[12] | 6.90% | ||||
Interest rate | [12] | 12.28% | ||||
Principal | [12] | $ 429 | ||||
Investments, at fair value | [3],[12] | 0 | ||||
Investment, Identifier [Axis]: Top Five Largest Portfolio Company Investments | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | $ 26,415 | $ 27,026 | ||||
Investment, Identifier [Axis]: Trident Maritime Systems, Inc. 1 | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.60% | 4.75% | ||||
Interest rate | 10.95% | 9.48% | ||||
Principal | $ 2,414 | $ 2,445 | ||||
Investments, at fair value | $ 2,385 | $ 2,443 | ||||
Investment, Identifier [Axis]: Trident Maritime Systems, Inc. 2 | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.60% | 4.75% | ||||
Interest rate | 10.95% | 9.48% | ||||
Principal | $ 746 | $ 746 | ||||
Investments, at fair value | $ 737 | $ 746 | ||||
Investment, Identifier [Axis]: Trident Maritime Systems, Inc. 3 | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.60% | |||||
Interest rate | 10.96% | |||||
Principal | $ 188 | |||||
Investments, at fair value | $ 186 | |||||
Investment, Identifier [Axis]: Trident Maritime Systems, Inc., Revolver | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 5.60% | 4.75% | ||||
Interest rate | 10.96% | 9.08% | ||||
Principal | $ 319 | $ 319 | ||||
Investments, at fair value | $ 315 | $ 122 | ||||
Investment, Identifier [Axis]: Truck-Lite Co., LLC 1 | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.35% | 6.25% | ||||
Interest rate | 11.71% | 11.14% | ||||
Principal | $ 1,674 | $ 1,691 | ||||
Investments, at fair value | $ 1,670 | $ 1,690 | ||||
Investment, Identifier [Axis]: Truck-Lite Co., LLC 2 | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.35% | 6.25% | ||||
Interest rate | 11.71% | 11.14% | ||||
Principal | $ 248 | $ 251 | ||||
Investments, at fair value | $ 248 | $ 250 | ||||
Investment, Identifier [Axis]: Truck-Lite Co., LLC 3 | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.35% | 6.25% | ||||
Interest rate | 11.71% | 11.14% | ||||
Principal | $ 42 | $ 43 | ||||
Investments, at fair value | 42 | $ 43 | ||||
Investment, Identifier [Axis]: V10 Entertainment, Inc. , Equity Securities, Common units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [3],[36] | $ 185 | ||||
Number of units held | [36] | 392,157 | ||||
Investment, Identifier [Axis]: V10 Entertainment, Inc., Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 7.10% | ||||
Interest rate | 12.49% | |||||
Principal | $ 3,980 | |||||
Investments, at fair value | [3] | $ 4,013 | ||||
Investment, Identifier [Axis]: V10 Entertainment, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10],[12] | 7.10% | ||||
Interest rate | [12] | 12.49% | ||||
Principal | [12] | $ 458 | ||||
Investments, at fair value | [3],[12] | $ 0 | ||||
Investment, Identifier [Axis]: VB E1, LLC, Unitranche Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.75% | [10] | 7.65% | [11] | ||
Interest rate | 13.10% | 12.38% | ||||
Principal | $ 2,250 | $ 2,250 | ||||
Investments, at fair value | $ 2,250 | [3] | $ 2,257 | [4] | ||
Investment, Identifier [Axis]: VPS Holdings, LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.11% | [10] | 9% | [11] | ||
Interest rate | 12.47% | |||||
Interest rate paid in cash | 11.39% | |||||
Interest rate paid in kind | 2% | |||||
Principal | $ 2,397 | $ 3,246 | ||||
Investments, at fair value | $ 2,405 | [3] | $ 3,252 | [4] | ||
Investment, Identifier [Axis]: VPS Holdings, LLC, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.11% | [10] | 9% | [11] | ||
Interest rate | 12.47% | |||||
Interest rate paid in cash | 11.39% | |||||
Interest rate paid in kind | 2% | |||||
Principal | $ 1,971 | $ 2,656 | ||||
Investments, at fair value | $ 1,978 | [3] | $ 2,661 | [4] | ||
Investment, Identifier [Axis]: VPS Holdings, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.11% | [10],[12] | 9% | [1],[11] | ||
Interest rate | [12] | 12.47% | ||||
Interest rate paid in cash | [1] | 11.39% | ||||
Interest rate paid in kind | [1] | 2% | ||||
Principal | $ 1,003 | [12] | $ 1,002 | [1] | ||
Investments, at fair value | $ 603 | [3],[12] | $ 102 | [1],[4] | ||
Investment, Identifier [Axis]: Valudor Products LLC, Equity Securities, Class A-1 units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | 10% | [20] | 10% | [21] | ||
Investments, at fair value | $ 307 | [3],[20] | $ 555 | [4],[21] | ||
Number of units held | 501,014 | [20] | 501,014 | [21] | ||
Investment, Identifier [Axis]: Valudor Products LLC, Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.61% | [10] | 7.50% | [11] | ||
Interest rate paid in cash | 11.47% | 10.39% | ||||
Interest rate paid in kind | 1.50% | 1.50% | ||||
Principal | $ 1,581 | $ 1,609 | ||||
Investments, at fair value | $ 1,875 | [3] | $ 1,958 | [4] | ||
Investment, Identifier [Axis]: Valudor Products LLC, Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.50% | [10],[29] | 7.50% | [11],[37] | ||
Interest rate paid in kind | 12.97% | [29] | 11.89% | [37] | ||
Principal | $ 295 | [29] | $ 260 | [37] | ||
Investments, at fair value | $ 287 | [3],[29] | $ 312 | [4],[37] | ||
Investment, Identifier [Axis]: Valudor Products LLC, Senior Secured Loans 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.61% | [10] | 7.50% | [11] | ||
Interest rate | 12.97% | 11.89% | ||||
Principal | $ 502 | $ 502 | ||||
Investments, at fair value | $ 1,464 | [3] | $ 1,565 | [4] | ||
Investment, Identifier [Axis]: Valudor Products LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 7.61% | [10],[12] | 9.50% | [1],[11] | ||
Interest rate | 12.97% | [12] | 13.89% | [1] | ||
Principal | $ 1,095 | [12] | $ 1,095 | [1] | ||
Investments, at fair value | 54 | [3],[12] | $ 55 | [1],[4] | ||
Investment, Identifier [Axis]: Vero Biotech Inc., Equity Securities, Warrant | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [3] | $ 0 | ||||
Investment, Identifier [Axis]: Vero Biotech Inc., Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 3.75% | ||||
Interest rate | 12.25% | |||||
Principal | $ 2,500 | |||||
Investments, at fair value | [3] | $ 2,475 | ||||
Investment, Identifier [Axis]: Vhagar Purchaser, LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 7% | ||||
Interest rate | 12.39% | |||||
Principal | $ 3,000 | |||||
Investments, at fair value | [3] | $ 3,000 | ||||
Investment, Identifier [Axis]: Vhagar Purchaser, LLC, Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10],[12],[13] | 7% | ||||
Interest rate | [12],[13] | 12.39% | ||||
Principal | [12],[13] | $ 667 | ||||
Investments, at fair value | [3],[12],[13] | $ 150 | ||||
Investment, Identifier [Axis]: Vhagar Purchaser, LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10],[12] | 7% | ||||
Interest rate | [12] | 12.39% | ||||
Principal | [12] | $ 333 | ||||
Investments, at fair value | [3],[12] | 0 | ||||
Investment, Identifier [Axis]: Vice Acquisition Holdco, LLC (fka Vice Group Holding Inc.), Equity Securities, Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Investments, at fair value | [3],[38] | $ 604 | ||||
Number of units held | [38] | 1,480,000 | ||||
Investment, Identifier [Axis]: Vice Acquisition Holdco, LLC (fka Vice Group Holding Inc.), Junior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | [38] | $ 122 | ||||
Investments, at fair value | [3],[38] | 0 | ||||
Investment, Identifier [Axis]: Vice Acquisition Holdco, LLC (fka Vice Group Holding Inc.), Junior Secured Loans 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | [38] | 200 | ||||
Investments, at fair value | [3],[38] | 0 | ||||
Investment, Identifier [Axis]: Vice Acquisition Holdco, LLC (fka Vice Group Holding Inc.), Junior Secured Loans 4 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | [38] | 76 | ||||
Investments, at fair value | [3],[38] | $ 0 | ||||
Investment, Identifier [Axis]: Vice Acquisition Holdco, LLC (fka Vice Group Holding Inc.), Junior Secured Loans 5 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10],[38] | 8.26% | ||||
Interest rate paid in kind | [38] | 13.64% | ||||
Principal | [38] | $ 528 | ||||
Investments, at fair value | [3],[38] | 464 | ||||
Investment, Identifier [Axis]: Vice Acquisition Holdco, LLC (fka Vice Group Holding Inc.), Junior Secured Loans1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Principal | [38] | 637 | ||||
Investments, at fair value | [3],[38] | $ 0 | ||||
Investment, Identifier [Axis]: Vice Acquisition Holdco, LLC (fka Vice Group Holding Inc.), Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10],[38] | 8.26% | ||||
Interest rate paid in kind | [38] | 13.64% | ||||
Principal | [38] | $ 671 | ||||
Investments, at fair value | [3],[38] | $ 658 | ||||
Investment, Identifier [Axis]: Vice Acquisition Holdco, LLC (fka Vice Group Holding Inc.), Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10],[38] | 8.26% | ||||
Interest rate paid in kind | [38] | 13.64% | ||||
Principal | [38] | $ 203 | ||||
Investments, at fair value | [3],[38] | $ 199 | ||||
Investment, Identifier [Axis]: Vice Acquisition Holdco, LLC (fka Vice Group Holding Inc.), Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10],[12],[13],[38] | 8% | ||||
Interest rate paid in kind | [12],[13],[38] | 13.65% | ||||
Principal | [12],[13],[38] | $ 353 | ||||
Investments, at fair value | [3],[12],[13],[38] | $ 292 | ||||
Investment, Identifier [Axis]: Vice Group Holding Inc., Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 12% | ||||
Interest rate paid in cash | 4.51% | |||||
Interest rate paid in kind | 12% | |||||
Principal | $ 1,691 | |||||
Investments, at fair value | [4] | $ 1,657 | ||||
Investment, Identifier [Axis]: Vice Group Holding Inc., Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 12% | ||||
Interest rate paid in cash | 4.51% | |||||
Interest rate paid in kind | 12% | |||||
Principal | $ 325 | |||||
Investments, at fair value | [4] | $ 318 | ||||
Investment, Identifier [Axis]: Vice Group Holding Inc., Senior Secured Loans 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 12% | ||||
Interest rate paid in cash | 4.42% | |||||
Interest rate paid in kind | 12% | |||||
Principal | $ 531 | |||||
Investments, at fair value | [4] | $ 520 | ||||
Investment, Identifier [Axis]: Vice Group Holding Inc., Senior Secured Loans 4 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 12% | ||||
Interest rate paid in cash | 4.25% | |||||
Interest rate paid in kind | 12% | |||||
Principal | $ 200 | |||||
Investments, at fair value | [4] | $ 196 | ||||
Investment, Identifier [Axis]: Vinci Brands LLC, Unitranche Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | [22] | 2% | ||||
Principal | $ 7,026 | |||||
Investments, at fair value | [4] | $ 0 | ||||
Investment, Identifier [Axis]: Vinci Brands LLC, Unitranche Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | [22] | 2% | ||||
Principal | $ 3,065 | |||||
Investments, at fair value | [4] | $ 0 | ||||
Investment, Identifier [Axis]: Vinci Brands LLC, Unitranche Secured Loans 3 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | [22] | 2% | ||||
Principal | $ 13,552 | |||||
Investments, at fair value | [4] | $ 0 | ||||
Investment, Identifier [Axis]: Vinci Brands LLC, Unitranche Secured Loans 4 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | [22] | 2% | ||||
Principal | $ 1,149 | |||||
Investments, at fair value | [4] | $ 0 | ||||
Investment, Identifier [Axis]: W3 Monroe RE Debt LLC, Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | 10% | [15] | 10% | [18] | ||
Principal | $ 3,542 | [15] | $ 3,210 | [18] | ||
Investments, at fair value | $ 3,631 | [3],[15] | $ 3,210 | [4],[18] | ||
Investment, Identifier [Axis]: W3 Monroe RE Debt LLC, Senior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | [12],[13],[15] | 10% | ||||
Principal | [12],[13],[15] | $ 270 | ||||
Investments, at fair value | [3],[12],[13],[15] | $ 176 | ||||
Investment, Identifier [Axis]: Wheel Pros, Inc. | MRCC Senior Loan Fund I, LLC | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 4.50% | |||||
Interest rate | 8.82% | |||||
Principal | $ 1,932 | |||||
Investments, at fair value | $ 1,321 | |||||
Investment, Identifier [Axis]: Whistler Parent Holdings III, Inc., Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 6.75% | ||||
Interest rate | 11.17% | |||||
Principal | $ 4,500 | |||||
Investments, at fair value | [4] | $ 4,457 | ||||
Investment, Identifier [Axis]: Whistler Parent Holdings III, Inc., Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 8.90% | ||||
Interest rate paid in cash | 9.53% | |||||
Interest rate paid in kind | 4.75% | |||||
Principal | $ 4,554 | |||||
Investments, at fair value | [3] | $ 4,509 | ||||
Investment, Identifier [Axis]: Whistler Parent Holdings III, Inc., Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 8.90% | ||||
Interest rate paid in cash | 9.53% | |||||
Interest rate paid in kind | 4.75% | |||||
Principal | $ 57 | |||||
Investments, at fair value | [3] | $ 56 | ||||
Investment, Identifier [Axis]: Whistler Parent Holdings III, Inc., Senior Secured Loans Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[11],[14] | 6.75% | ||||
Interest rate | [1],[14] | 11.17% | ||||
Principal | [1],[14] | $ 1,406 | ||||
Investments, at fair value | [1],[4],[14] | $ 56 | ||||
Investment, Identifier [Axis]: Whistler Parent Holdings III, Inc., Senior Secured Loans Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[11] | 6.75% | ||||
Interest rate | [1] | 11.17% | ||||
Principal | [1] | $ 563 | ||||
Investments, at fair value | [1],[4] | $ 84 | ||||
Investment, Identifier [Axis]: Whistler Parent Holdings III, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 8.90% | ||||
Interest rate paid in cash | 9.53% | |||||
Interest rate paid in kind | 4.75% | |||||
Principal | $ 569 | |||||
Investments, at fair value | [3] | $ 564 | ||||
Investment, Identifier [Axis]: WillowTree, LLC, Unitranche Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 5% | ||||
Interest rate | 9.39% | |||||
Principal | $ 7,326 | |||||
Investments, at fair value | [4] | $ 7,326 | ||||
Investment, Identifier [Axis]: Witkoff/Monroe 700 JV LLC, Equity Securities, Preferred units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in cash | 8% | [15],[20] | 8% | [18],[21] | ||
Interest rate paid in kind | 4% | [15],[20] | 4% | [18],[21] | ||
Investments, at fair value | $ 2,152 | [3],[15],[20] | $ 1,047 | [4],[18],[21] | ||
Number of units held | 2,141 | [15],[20] | 2,141 | [18],[21] | ||
Investment, Identifier [Axis]: Witkoff/Monroe 700 JV LLC, Junior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in cash | [15] | 8% | ||||
Interest rate paid in kind | [15] | 4% | ||||
Principal | [15] | $ 6,901 | ||||
Investments, at fair value | [3],[15] | $ 6,794 | ||||
Investment, Identifier [Axis]: Witkoff/Monroe 700 JV LLC, Junior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in cash | [15] | 8% | ||||
Interest rate paid in kind | [15] | 4% | ||||
Principal | [15] | $ 1,194 | ||||
Investments, at fair value | [3],[15] | $ 1,175 | ||||
Investment, Identifier [Axis]: Witkoff/Monroe 700 JV LLC, Junior Secured Loans, Delayed Draw | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in cash | 8% | [12],[13],[15] | 8% | [1],[14],[18] | ||
Interest rate paid in kind | 4% | [12],[13],[15] | 4% | [1],[14],[18] | ||
Principal | $ 2,147 | [12],[13],[15] | $ 6,708 | [1],[14],[18] | ||
Investments, at fair value | $ 1,356 | [3],[12],[13],[15] | $ 6,014 | [1],[4],[14],[18] | ||
Investment, Identifier [Axis]: XanEdu Publishing, Inc., Equity Securities, Class A units | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Interest rate paid in kind | 8% | 8% | ||||
Investments, at fair value | $ 225 | [3] | $ 223 | [4] | ||
Number of units held | 49,479 | 49,479 | ||||
Investment, Identifier [Axis]: XanEdu Publishing, Inc., Senior Secured Loans 1 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.50% | [10] | 6.50% | [11] | ||
Interest rate | 11.97% | 10.94% | ||||
Principal | $ 4,441 | $ 4,584 | ||||
Investments, at fair value | $ 4,441 | [3] | $ 4,602 | [4] | ||
Investment, Identifier [Axis]: XanEdu Publishing, Inc., Senior Secured Loans 2 | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.50% | [10] | 6.50% | [11] | ||
Interest rate | 11.97% | 10.94% | ||||
Principal | $ 1,765 | $ 1,822 | ||||
Investments, at fair value | $ 1,768 | [3] | $ 1,829 | [4] | ||
Investment, Identifier [Axis]: XanEdu Publishing, Inc., Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | 6.50% | [10],[12] | 6.50% | [1],[11] | ||
Interest rate | 11.97% | [12] | 10.94% | [1] | ||
Principal | $ 742 | [12] | $ 742 | [1] | ||
Investments, at fair value | $ 0 | [3],[12] | $ 0 | [1],[4] | ||
Investment, Identifier [Axis]: YS WH4 LLC, Senior Secured Loans, Revolver | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [1],[11],[18] | 7% | ||||
Interest rate | [1],[18] | 11.44% | ||||
Principal | [1],[18] | $ 5,250 | ||||
Investments, at fair value | [1],[4],[18] | $ 1,776 | ||||
Investment, Identifier [Axis]: iCIMS, Inc. | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [10] | 7.25% | ||||
Interest rate | 12.62% | |||||
Principal | $ 2,500 | |||||
Investments, at fair value | [3] | $ 2,509 | ||||
Investment, Identifier [Axis]: iCIMS, Inc., Senior Secured Loans | ||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS | ||||||
Spread | [11] | 7.25% | ||||
Interest rate | 11.52% | |||||
Principal | $ 2,500 | |||||
Investments, at fair value | [4] | $ 2,456 | ||||
[1] All or a portion of this commitment was unfunded at December 31, 2022. As such, interest is earned only on the funded portion of this commitment. Because there is no readily available market value for these investments, the fair value of these investments is determined in good faith using significant unobservable inputs by the Valuation Designee. (See Note 4 in the accompanying notes to the consolidated financial statements.) All of the Company's investments are issued by eligible portfolio companies, as defined in the Investment Company Act of 1940 (the “1940 Act”), unless otherwise noted. All of the Company's investments are issued by U.S. portfolio companies unless otherwise noted. Ownership of certain equity investments may occur through a holding company or partnership. Represents less than 5% ownership of the portfolio company’s voting securities. The majority of the investments bear interest at a rate that may be determined by reference to the London Interbank Offered Rate (“LIBOR” or “L”), Prime Rate (“Prime” or “P”), or Secured Overnight Financing Rate ("SOFR" or "SF") which reset daily, monthly, quarterly, or semiannually. For each such investment, the Company has provided the spread over LIBOR, Prime, or SOFR and the current contractual interest rate in effect at December 31, 2022 . Certain investments may be subject to an interest rate floor or rate cap. Certain investments contain a Payment-in-Kind (“PIK”) provision. All or a portion of this commitment was unfunded at December 31, 2023. As such, interest is earned only on the funded portion of this commitment. This delayed draw loan requires that certain financial covenants be met by the portfolio company prior to any fundings. This investment is treated as a non-qualifying investment under Section 55(a) of the 1940 Act. Under the 1940 Act, the Company may not acquire any non-qualifying asset unless, at the time the acquisition is made, qualifying assets represent at least 70% of the Company’s total assets. As of December 31, 2023, non-qualifying assets totaled 23.6% of the Company’s total assets. Note 4 in the accompanying notes to the consolidated financial statements. The fair value of this investment was valued using Level 1 inputs. See Note 4 in the accompanying notes to the consolidated financial statements. This investment is treated as a non-qualifying investment under Section 55(a) of the 1940 Act. Under the 1940 Act, the Company may not acquire any non-qualifying asset unless, at the time the acquisition is made, qualifying assets represent at least 70% of the Company’s total assets. As of December 31, 2022, non-qualifying assets totaled 24.7% of the Company’s total assets. Note 2 in the accompanying notes to the consolidated financial statements for additional information on the Company’s accounting policies. Investment is held by a taxable subsidiary of the Company. See Note 2 in the accompanying notes to the consolidated financial statements for additional information on the Company’s wholly-owned taxable subsidiaries. Investment is held by a taxable subsidiary of the Company. See Note 2 in the accompanying notes to the consolidated financial statements for additional information on the Company’s wholly-owned taxable subsidiaries. This position was on non-accrual status as of December 31, 2022, meaning that the Company has ceased accruing interest income on the position. See Note 2 in the accompanying notes to the consolidated financial statements for additional information on the Company’s accounting policies. During the year ended December 31, 2022, Curion Holdings, LLC (“Curion”) sold the underlying operating company and repaid the Company’s debt investment. The remaining fair value at December 31, 2022 represents the remaining expected escrow proceeds associated with the sale. The Company continues to hold an equity investment in Curion that is valued at zero at December 31, 2022. This investment is a non-income producing security. As of December 31, 2022, the Company was party to a subscription agreement with a commitment to fund an additional equity investment of $183. The Company restructured its investments in HFZ Capital Group LLC (“HFZ”) and HFZ Member RB portfolio, LLC (“Member RB”) during 2020. As part of the restructuring of HFZ, the Company obtained a 15.9% equity interest in MC Asset Management (Corporate), LLC (“Corporate”). As part of the Member RB restructuring, the Company exchanged its loan in Member RB for a promissory note in MC Asset Management (Industrial), LLC (“Industrial”). Corporate owns 100% of the equity of Industrial. In conjunction with these restructurings, the Company participated $4,758 of principal of its loan to HFZ as an equity contribution to Industrial. This participation did not qualify for sale accounting under ASC Topic 860–Transfers and Servicing because the sale did not meet the definition of a “participating interest”, as defined in the guidance, in order for sale treatment to be allowed. As a result, the Company continues to reflect its full investment in HFZ but has split the loan into two investments. As of December 31, 2022, the Company was party to a subscription agreement with a commitment to fund an equity investment of $43. This is an international company. During 2021, the Company sold its investment in Luxury Optical Holdings Co. The remaining fair value at December 31, 2022 represents the remaining expected escrow proceeds associated with the sale. This loan is denominated in Australian dollars and is translated into U.S. dollars as of the valuation date. As of December 31, 2022, the Company was party to a subscription agreement with a commitment to fund an additional equity investment of $16. During 2020, an arbitrator issued a final award in favor of the estate of Rockdale Blackhawk, LLC (the “Estate”) in the legal proceeding between the Estate and a national insurance carrier. The Company's share of the net proceeds from the award exceeded the contractual obligations due to the Company as a result of the Company’s right to receive excess proceeds pursuant to the terms of a sharing agreement between the lenders and the Estate. This investment is a non-income producing security. This investment represents a note convertible to preferred shares of the borrower. |
Investments - SLF Balance Sheet
Investments - SLF Balance Sheet (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | ||
ASSETS | |||||
Investments, at fair value | $ 488,386 | [1],[2] | $ 541,040 | [3],[4] | |
Cash and cash equivalents | 4,958 | 5,450 | $ 2,622 | ||
Other assets | 493 | 541 | |||
Total assets | 513,186 | 564,995 | |||
LIABILITIES | |||||
Total debt | 304,100 | 334,600 | |||
Less: Unamortized deferred financing costs | (3,235) | (4,486) | |||
Total debt, less unamortized deferred financing costs | 300,865 | 330,114 | |||
Interest payable | 3,078 | 3,041 | |||
Accounts payable and accrued expenses | 2,100 | 3,220 | |||
Total liabilities | 309,462 | 339,976 | |||
Members’ capital | 203,724 | 225,019 | |||
MRCC Senior Loan Fund I, LLC | |||||
ASSETS | |||||
Investments, at fair value | 139,914 | 183,150 | |||
Cash and cash equivalents | 1,884 | 1,608 | |||
Restricted cash and cash equivalents | 5,265 | 6,454 | |||
Interest and dividend receivable | 1,380 | 1,613 | |||
Other assets | 6 | 5 | |||
Total assets | 148,449 | 192,830 | |||
LIABILITIES | |||||
Total debt | 82,014 | 122,215 | |||
Less: Unamortized deferred financing costs | (717) | (1,518) | |||
Total debt, less unamortized deferred financing costs | 81,297 | 120,697 | |||
Interest payable | 590 | 769 | |||
Accounts payable and accrued expenses | 320 | 346 | |||
Total liabilities | 82,207 | 121,812 | |||
Members’ capital | 66,242 | 71,018 | |||
Total liabilities and members’ capital | $ 148,449 | $ 192,830 | |||
[1]All of the Company's investments are issued by eligible portfolio companies, as defined in the Investment Company Act of 1940 (the “1940 Act”), unless otherwise noted. All of the Company's investments are issued by U.S. portfolio companies unless otherwise noted.[2]Because there is no readily available market value for these investments, the fair value of these investments is determined in good faith using significant unobservable inputs by the Valuation Designee. (See Note 4 in the accompanying notes to the consolidated financial statements.)[3] Because there is no readily available market value for these investments, the fair value of these investments is determined in good faith using significant unobservable inputs by the Valuation Designee. (See Note 4 in the accompanying notes to the consolidated financial statements.) All of the Company's investments are issued by eligible portfolio companies, as defined in the Investment Company Act of 1940 (the “1940 Act”), unless otherwise noted. All of the Company's investments are issued by U.S. portfolio companies unless otherwise noted. |
Investments - SLF, Net increase
Investments - SLF, Net increase (decrease) in members' capital (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Investment income: | |||
Interest Income | $ 49,779 | $ 41,449 | $ 35,738 |
Total investment income | 64,297 | 56,566 | 53,830 |
Expenses: | |||
Interest and other debt financing expenses | 22,847 | 17,080 | 16,074 |
Professional fees | 719 | 894 | 1,013 |
Operating expenses before fee waivers | 40,242 | 33,549 | 32,864 |
Net investment income | 23,249 | 22,192 | 22,168 |
Net gain (loss): | |||
Net change in unrealized gain (loss) | 14,270 | (22,892) | 36,108 |
Net gain (loss) | (22,878) | (24,978) | 10,291 |
Net increase (decrease) in net assets resulting from operations | 371 | (2,786) | 32,459 |
MRCC Senior Loan Fund I, LLC | |||
Investment income: | |||
Interest Income | 18,362 | 15,400 | 13,164 |
Total investment income | 18,362 | 15,400 | 13,164 |
Expenses: | |||
Interest and other debt financing expenses | 8,847 | 6,009 | 3,918 |
Professional fees | 757 | 814 | 647 |
Operating expenses before fee waivers | 9,604 | 6,823 | 4,565 |
Net investment income | 8,758 | 8,577 | 8,599 |
Net gain (loss): | |||
Net realized gain (loss) | (5,119) | (3,089) | 0 |
Net change in unrealized gain (loss) | (1,216) | (10,520) | 3,734 |
Net gain (loss) | (6,335) | (13,609) | 3,734 |
Net increase (decrease) in net assets resulting from operations | $ 2,423 | $ (5,032) | $ 12,333 |
Fair Value Measurements - Fair
Fair Value Measurements - Fair value measurements of investments and foreign currency forward contracts, by major class according to the fair value hierarchy (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | ||
Fair Value Measurements | ||||
Investments, at fair value | $ 488,386 | [1],[2] | $ 541,040 | [3],[4] |
Senior secured loans | ||||
Fair Value Measurements | ||||
Investments, at fair value | 388,882 | 434,023 | ||
Unitranche secured loans | ||||
Fair Value Measurements | ||||
Investments, at fair value | 13,877 | 20,633 | ||
Junior secured loans | ||||
Fair Value Measurements | ||||
Investments, at fair value | 26,594 | 22,193 | ||
Equity securities | ||||
Fair Value Measurements | ||||
Investments, at fair value | 25,911 | 28,682 | ||
Fair Value, Recurring | ||||
Fair Value Measurements | ||||
Investments, at fair value | 488,386 | 541,040 | ||
Fair Value, Recurring | Forward Contracts | ||||
Fair Value Measurements | ||||
Foreign currency forward contracts asset (liability) | 1,507 | |||
Fair Value, Recurring | Senior secured loans | ||||
Fair Value Measurements | ||||
Investments, at fair value | 388,882 | 434,023 | ||
Fair Value, Recurring | Unitranche secured loans | ||||
Fair Value Measurements | ||||
Investments, at fair value | 13,877 | 20,633 | ||
Fair Value, Recurring | Junior secured loans | ||||
Fair Value Measurements | ||||
Investments, at fair value | 26,594 | 22,193 | ||
Fair Value, Recurring | Equity securities | ||||
Fair Value Measurements | ||||
Investments, at fair value | 25,911 | 28,682 | ||
Fair Value, Recurring | Level 1 | ||||
Fair Value Measurements | ||||
Investments, at fair value | 257 | 294 | ||
Fair Value, Recurring | Level 1 | Forward Contracts | ||||
Fair Value Measurements | ||||
Foreign currency forward contracts asset (liability) | 0 | |||
Fair Value, Recurring | Level 1 | Senior secured loans | ||||
Fair Value Measurements | ||||
Investments, at fair value | 0 | 0 | ||
Fair Value, Recurring | Level 1 | Unitranche secured loans | ||||
Fair Value Measurements | ||||
Investments, at fair value | 0 | 0 | ||
Fair Value, Recurring | Level 1 | Junior secured loans | ||||
Fair Value Measurements | ||||
Investments, at fair value | 0 | 0 | ||
Fair Value, Recurring | Level 1 | Equity securities | ||||
Fair Value Measurements | ||||
Investments, at fair value | 257 | 294 | ||
Fair Value, Recurring | Level 2 | ||||
Fair Value Measurements | ||||
Investments, at fair value | 0 | 0 | ||
Fair Value, Recurring | Level 2 | Forward Contracts | ||||
Fair Value Measurements | ||||
Foreign currency forward contracts asset (liability) | 1,507 | |||
Fair Value, Recurring | Level 2 | Senior secured loans | ||||
Fair Value Measurements | ||||
Investments, at fair value | 0 | 0 | ||
Fair Value, Recurring | Level 2 | Unitranche secured loans | ||||
Fair Value Measurements | ||||
Investments, at fair value | 0 | 0 | ||
Fair Value, Recurring | Level 2 | Junior secured loans | ||||
Fair Value Measurements | ||||
Investments, at fair value | 0 | 0 | ||
Fair Value, Recurring | Level 2 | Equity securities | ||||
Fair Value Measurements | ||||
Investments, at fair value | 0 | 0 | ||
Fair Value, Recurring | Level 3 | ||||
Fair Value Measurements | ||||
Investments, at fair value | 455,007 | 505,237 | ||
Fair Value, Recurring | Level 3 | Forward Contracts | ||||
Fair Value Measurements | ||||
Foreign currency forward contracts asset (liability) | 0 | |||
Fair Value, Recurring | Level 3 | Senior secured loans | ||||
Fair Value Measurements | ||||
Investments, at fair value | 388,882 | 434,023 | ||
Fair Value, Recurring | Level 3 | Unitranche secured loans | ||||
Fair Value Measurements | ||||
Investments, at fair value | 13,877 | 20,633 | ||
Fair Value, Recurring | Level 3 | Junior secured loans | ||||
Fair Value Measurements | ||||
Investments, at fair value | 26,594 | 22,193 | ||
Fair Value, Recurring | Level 3 | Equity securities | ||||
Fair Value Measurements | ||||
Investments, at fair value | 25,654 | 28,388 | ||
Fair Value, Recurring | Investment measured at NAV | ||||
Fair Value Measurements | ||||
Investments, at fair value | $ 33,122 | $ 35,509 | ||
[1]All of the Company's investments are issued by eligible portfolio companies, as defined in the Investment Company Act of 1940 (the “1940 Act”), unless otherwise noted. All of the Company's investments are issued by U.S. portfolio companies unless otherwise noted.[2]Because there is no readily available market value for these investments, the fair value of these investments is determined in good faith using significant unobservable inputs by the Valuation Designee. (See Note 4 in the accompanying notes to the consolidated financial statements.)[3] Because there is no readily available market value for these investments, the fair value of these investments is determined in good faith using significant unobservable inputs by the Valuation Designee. (See Note 4 in the accompanying notes to the consolidated financial statements.) All of the Company's investments are issued by eligible portfolio companies, as defined in the Investment Company Act of 1940 (the “1940 Act”), unless otherwise noted. All of the Company's investments are issued by U.S. portfolio companies unless otherwise noted. |
Fair Value Measurements - Contr
Fair Value Measurements - Contractual interest rates (Details) - Fair Value, Recurring | Dec. 31, 2023 | Dec. 31, 2022 |
Minimum | ||
Fair Value Measurements | ||
Interest rate | 7.47% | 8% |
Maximum | ||
Fair Value Measurements | ||
Interest rate | 20.50% | 19.50% |
Fair Value Measurements - Recon
Fair Value Measurements - Reconciliation of the beginning and ending balances for investments at fair value that use Level 3 inputs (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Reconciliation of beginning and ending balances for investments at fair value that use Level 3 inputs | ||
Balance at the beginning | $ 505,237 | $ 519,527 |
Purchases of investments and other adjustments to cost | 73,356 | 141,555 |
Proceeds from principal payments and sales of investments | (103,053) | (137,796) |
Reclassifications | 0 | |
Balance at the end | $ 455,007 | $ 505,237 |
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] | Unrealized gain (loss) of investments | Unrealized gain (loss) of investments |
Total net change in unrealized gain (loss) on investments attributable to Level 3 investments still held | $ 10,413 | $ (15,399) |
Senior secured loans | ||
Reconciliation of beginning and ending balances for investments at fair value that use Level 3 inputs | ||
Balance at the beginning | 434,023 | 423,700 |
Purchases of investments and other adjustments to cost | 65,977 | 130,155 |
Proceeds from principal payments and sales of investments | (91,375) | (108,610) |
Reclassifications | (6,059) | |
Balance at the end | 388,882 | 434,023 |
Unitranche secured loans | ||
Reconciliation of beginning and ending balances for investments at fair value that use Level 3 inputs | ||
Balance at the beginning | 20,633 | 51,494 |
Purchases of investments and other adjustments to cost | 514 | 3,319 |
Proceeds from principal payments and sales of investments | (7,358) | (28,848) |
Reclassifications | 0 | |
Balance at the end | 13,877 | 20,633 |
Junior secured loans | ||
Reconciliation of beginning and ending balances for investments at fair value that use Level 3 inputs | ||
Balance at the beginning | 22,193 | 14,364 |
Purchases of investments and other adjustments to cost | 5,465 | 6,827 |
Proceeds from principal payments and sales of investments | (2,913) | 0 |
Reclassifications | 4,579 | |
Balance at the end | 26,594 | 22,193 |
Equity securities | ||
Reconciliation of beginning and ending balances for investments at fair value that use Level 3 inputs | ||
Balance at the beginning | 28,388 | 29,969 |
Purchases of investments and other adjustments to cost | 1,400 | 1,254 |
Proceeds from principal payments and sales of investments | (1,407) | (338) |
Reclassifications | 1,480 | |
Balance at the end | $ 25,654 | $ 28,388 |
Net realized gain (loss) on investments | ||
Fair Value Measurements | ||
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] | Realized gain (loss) on investments | Realized gain (loss) on investments |
Reconciliation of beginning and ending balances for investments at fair value that use Level 3 inputs | ||
Gains (losses) included in earnings | $ (38,735) | $ (1,130) |
Net realized gain (loss) on investments | Senior secured loans | ||
Reconciliation of beginning and ending balances for investments at fair value that use Level 3 inputs | ||
Gains (losses) included in earnings | (9,788) | (1,082) |
Net realized gain (loss) on investments | Unitranche secured loans | ||
Reconciliation of beginning and ending balances for investments at fair value that use Level 3 inputs | ||
Gains (losses) included in earnings | (24,768) | (94) |
Net realized gain (loss) on investments | Junior secured loans | ||
Reconciliation of beginning and ending balances for investments at fair value that use Level 3 inputs | ||
Gains (losses) included in earnings | 0 | (1) |
Net realized gain (loss) on investments | Equity securities | ||
Reconciliation of beginning and ending balances for investments at fair value that use Level 3 inputs | ||
Gains (losses) included in earnings | $ (4,179) | $ 47 |
Net change in unrealized gain (loss) on investments | ||
Fair Value Measurements | ||
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] | Unrealized gain (loss) of investments | Unrealized gain (loss) of investments |
Reconciliation of beginning and ending balances for investments at fair value that use Level 3 inputs | ||
Gains (losses) included in earnings | $ 18,202 | $ (16,919) |
Net change in unrealized gain (loss) on investments | Senior secured loans | ||
Reconciliation of beginning and ending balances for investments at fair value that use Level 3 inputs | ||
Gains (losses) included in earnings | (3,896) | (10,140) |
Net change in unrealized gain (loss) on investments | Unitranche secured loans | ||
Reconciliation of beginning and ending balances for investments at fair value that use Level 3 inputs | ||
Gains (losses) included in earnings | 24,856 | (5,238) |
Net change in unrealized gain (loss) on investments | Junior secured loans | ||
Reconciliation of beginning and ending balances for investments at fair value that use Level 3 inputs | ||
Gains (losses) included in earnings | (2,730) | 1,003 |
Net change in unrealized gain (loss) on investments | Equity securities | ||
Reconciliation of beginning and ending balances for investments at fair value that use Level 3 inputs | ||
Gains (losses) included in earnings | $ (28) | $ (2,544) |
Fair Value Measurements - Valua
Fair Value Measurements - Valuation techniques and significant unobservable inputs used in recurring Level 3 fair value measurements of assets and liabilities (Details) $ in Thousands | Dec. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) | ||
Fair Value Measurements | ||||
Fair Value | $ 488,386 | [1],[2] | $ 541,040 | [3],[4] |
Investments at fair value where valuation (unadjusted) is obtained from third-party pricing service | 1,040 | 2,257 | ||
2026 Notes | ||||
Fair Value Measurements | ||||
Estimated fair value of notes | 121,145 | 116,995 | ||
Total Level 3 Assets | Level 3 | ||||
Fair Value Measurements | ||||
Fair Value | 453,967 | 502,980 | ||
Senior secured loans | ||||
Fair Value Measurements | ||||
Fair Value | 388,882 | 434,023 | ||
Senior secured loans | Discounted cash flow | EBITDA multiples | Level 3 | ||||
Fair Value Measurements | ||||
Fair Value | $ 238,481 | $ 276,433 | ||
Senior secured loans | Discounted cash flow | EBITDA multiples | Weighted Average Mean | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 10.5 | 9.3 | ||
Senior secured loans | Discounted cash flow | EBITDA multiples | Minimum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 5 | 3.8 | ||
Senior secured loans | Discounted cash flow | EBITDA multiples | Maximum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 22.2 | 18.6 | ||
Senior secured loans | Discounted cash flow | EBITDA Market Yields | Weighted Average Mean | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 0.132 | 0.124 | ||
Senior secured loans | Discounted cash flow | EBITDA Market Yields | Minimum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 0.090 | 0.087 | ||
Senior secured loans | Discounted cash flow | EBITDA Market Yields | Maximum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 0.245 | 0.223 | ||
Senior secured loans | Discounted cash flow | Revenue Market Yields | Weighted Average Mean | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 0.119 | 0.134 | ||
Senior secured loans | Discounted cash flow | Revenue Market Yields | Minimum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 0.090 | 0.100 | ||
Senior secured loans | Discounted cash flow | Revenue Market Yields | Maximum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 0.166 | 0.220 | ||
Senior secured loans | Discounted cash flow | Revenue multiples | Level 3 | ||||
Fair Value Measurements | ||||
Fair Value | $ 112,213 | $ 130,199 | ||
Senior secured loans | Discounted cash flow | Revenue multiples | Weighted Average Mean | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 5.6 | 4.4 | ||
Senior secured loans | Discounted cash flow | Revenue multiples | Minimum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 0.9 | 0.2 | ||
Senior secured loans | Discounted cash flow | Revenue multiples | Maximum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 11.8 | 12.3 | ||
Senior secured loans | Enterprise value | EBITDA multiples | Level 3 | ||||
Fair Value Measurements | ||||
Fair Value | $ 4,322 | $ 80 | ||
Senior secured loans | Enterprise value | EBITDA multiples | Weighted Average Mean | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 7.3 | 8 | ||
Senior secured loans | Enterprise value | EBITDA multiples | Minimum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 5.3 | 8 | ||
Senior secured loans | Enterprise value | EBITDA multiples | Maximum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 8.3 | 8 | ||
Senior secured loans | Enterprise value | Revenue multiples | Level 3 | ||||
Fair Value Measurements | ||||
Fair Value | $ 7,054 | $ 5,706 | ||
Senior secured loans | Enterprise value | Revenue multiples | Weighted Average Mean | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 2.5 | 2.5 | ||
Senior secured loans | Enterprise value | Revenue multiples | Minimum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 1.6 | 2.5 | ||
Senior secured loans | Enterprise value | Revenue multiples | Maximum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 2.5 | 2.5 | ||
Senior secured loans | Enterprise value | Book value multiples | Level 3 | ||||
Fair Value Measurements | ||||
Fair Value | $ 17,839 | $ 19,546 | ||
Senior secured loans | Enterprise value | Book value multiples | Weighted Average Mean | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 1.3 | 1.2 | ||
Senior secured loans | Enterprise value | Book value multiples | Minimum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 1.3 | 1.2 | ||
Senior secured loans | Enterprise value | Book value multiples | Maximum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 1.3 | 1.2 | ||
Senior secured loans | Liquidation | Probability weighting of alternative outcomes | Level 3 | ||||
Fair Value Measurements | ||||
Fair Value | $ 8,352 | $ 1,488 | ||
Senior secured loans | Liquidation | Probability weighting of alternative outcomes | Weighted Average Mean | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 0.917 | 0.713 | ||
Senior secured loans | Liquidation | Probability weighting of alternative outcomes | Minimum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 0.324 | 0.291 | ||
Senior secured loans | Liquidation | Probability weighting of alternative outcomes | Maximum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 0.950 | 1 | ||
Unitranche secured loans | ||||
Fair Value Measurements | ||||
Fair Value | $ 13,877 | $ 20,633 | ||
Unitranche secured loans | Discounted cash flow | EBITDA multiples | Level 3 | ||||
Fair Value Measurements | ||||
Fair Value | $ 17,019 | |||
Unitranche secured loans | Discounted cash flow | EBITDA multiples | Weighted Average Mean | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 8.8 | |||
Unitranche secured loans | Discounted cash flow | EBITDA multiples | Minimum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 8.8 | |||
Unitranche secured loans | Discounted cash flow | EBITDA multiples | Maximum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 8.8 | |||
Unitranche secured loans | Discounted cash flow | Market yields | Level 3 | ||||
Fair Value Measurements | ||||
Fair Value | $ 10,126 | |||
Unitranche secured loans | Discounted cash flow | Market yields | Weighted Average Mean | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 0.119 | |||
Unitranche secured loans | Discounted cash flow | Market yields | Minimum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 0.119 | |||
Unitranche secured loans | Discounted cash flow | Market yields | Maximum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 0.119 | |||
Unitranche secured loans | Discounted cash flow | EBITDA Market Yields | Weighted Average Mean | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 0.112 | |||
Unitranche secured loans | Discounted cash flow | EBITDA Market Yields | Minimum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 0.091 | |||
Unitranche secured loans | Discounted cash flow | EBITDA Market Yields | Maximum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 0.130 | |||
Unitranche secured loans | Discounted cash flow | Revenue Market Yields | Weighted Average Mean | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 0.124 | 0.119 | ||
Unitranche secured loans | Discounted cash flow | Revenue Market Yields | Minimum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 0.119 | 0.116 | ||
Unitranche secured loans | Discounted cash flow | Revenue Market Yields | Maximum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 0.127 | 0.121 | ||
Unitranche secured loans | Discounted cash flow | Revenue multiples | Level 3 | ||||
Fair Value Measurements | ||||
Fair Value | $ 3,751 | $ 3,614 | ||
Unitranche secured loans | Discounted cash flow | Revenue multiples | Weighted Average Mean | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 9 | 8.9 | ||
Unitranche secured loans | Discounted cash flow | Revenue multiples | Minimum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 6 | 5.8 | ||
Unitranche secured loans | Discounted cash flow | Revenue multiples | Maximum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 12.8 | 12.5 | ||
Junior secured loans | ||||
Fair Value Measurements | ||||
Fair Value | $ 26,594 | $ 22,193 | ||
Junior secured loans | Discounted cash flow | Market yields | Level 3 | ||||
Fair Value Measurements | ||||
Fair Value | $ 20,661 | $ 20,311 | ||
Junior secured loans | Discounted cash flow | Market yields | Weighted Average Mean | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 0.131 | 0.136 | ||
Junior secured loans | Discounted cash flow | Market yields | Minimum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 0.124 | 0.123 | ||
Junior secured loans | Discounted cash flow | Market yields | Maximum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 0.156 | 0.204 | ||
Junior secured loans | Discounted cash flow | Revenue Market Yields | Weighted Average Mean | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 0.142 | |||
Junior secured loans | Discounted cash flow | Revenue Market Yields | Minimum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 0.133 | |||
Junior secured loans | Discounted cash flow | Revenue Market Yields | Maximum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 0.162 | |||
Junior secured loans | Discounted cash flow | Revenue multiples | Level 3 | ||||
Fair Value Measurements | ||||
Fair Value | $ 1,419 | |||
Junior secured loans | Discounted cash flow | Revenue multiples | Weighted Average Mean | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 0.4 | |||
Junior secured loans | Discounted cash flow | Revenue multiples | Minimum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 0.2 | |||
Junior secured loans | Discounted cash flow | Revenue multiples | Maximum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 0.9 | |||
Junior secured loans | Enterprise value | Revenue multiples | Level 3 | ||||
Fair Value Measurements | ||||
Fair Value | $ 2,340 | |||
Junior secured loans | Enterprise value | Revenue multiples | Weighted Average Mean | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 1.6 | |||
Junior secured loans | Enterprise value | Revenue multiples | Minimum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 1.6 | |||
Junior secured loans | Enterprise value | Revenue multiples | Maximum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 1.6 | |||
Junior secured loans | Liquidation | Probability weighting of alternative outcomes | Level 3 | ||||
Fair Value Measurements | ||||
Fair Value | $ 2,174 | $ 1,882 | ||
Junior secured loans | Liquidation | Probability weighting of alternative outcomes | Weighted Average Mean | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 2.608 | 2.258 | ||
Junior secured loans | Liquidation | Probability weighting of alternative outcomes | Minimum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 0 | 2.258 | ||
Junior secured loans | Liquidation | Probability weighting of alternative outcomes | Maximum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 2.608 | 2.258 | ||
Equity securities | ||||
Fair Value Measurements | ||||
Fair Value | $ 25,911 | $ 28,682 | ||
Equity securities | Discounted cash flow | EBITDA multiples | Level 3 | ||||
Fair Value Measurements | ||||
Fair Value | $ 1,380 | $ 397 | ||
Equity securities | Discounted cash flow | EBITDA multiples | Weighted Average Mean | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 6 | 7 | ||
Equity securities | Discounted cash flow | EBITDA multiples | Minimum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 6 | 7 | ||
Equity securities | Discounted cash flow | EBITDA multiples | Maximum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 6 | 7 | ||
Equity securities | Discounted cash flow | EBITDA Market Yields | Weighted Average Mean | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 0.190 | |||
Equity securities | Discounted cash flow | EBITDA Market Yields | Minimum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 0.163 | |||
Equity securities | Discounted cash flow | EBITDA Market Yields | Maximum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 0.275 | |||
Equity securities | Enterprise value | EBITDA multiples | Level 3 | ||||
Fair Value Measurements | ||||
Fair Value | $ 18,994 | $ 16,630 | ||
Equity securities | Enterprise value | EBITDA multiples | Weighted Average Mean | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 8.8 | 9 | ||
Equity securities | Enterprise value | EBITDA multiples | Minimum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 4.9 | 3.8 | ||
Equity securities | Enterprise value | EBITDA multiples | Maximum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 20.5 | 16 | ||
Equity securities | Enterprise value | Revenue multiples | Level 3 | ||||
Fair Value Measurements | ||||
Fair Value | $ 2,701 | $ 7,502 | ||
Equity securities | Enterprise value | Revenue multiples | Weighted Average Mean | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 3.7 | 2.3 | ||
Equity securities | Enterprise value | Revenue multiples | Minimum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 0.9 | 0.2 | ||
Equity securities | Enterprise value | Revenue multiples | Maximum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 11.8 | 12.3 | ||
Equity securities | Option pricing model | Volatility | Level 3 | ||||
Fair Value Measurements | ||||
Fair Value | $ 2,160 | $ 2,173 | ||
Equity securities | Option pricing model | Volatility | Weighted Average Mean | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 0.590 | 0.666 | ||
Equity securities | Option pricing model | Volatility | Minimum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 0.350 | 0.494 | ||
Equity securities | Option pricing model | Volatility | Maximum | Level 3 | ||||
Fair Value Measurements | ||||
Investments, measurement input | 0.700 | 0.700 | ||
[1]All of the Company's investments are issued by eligible portfolio companies, as defined in the Investment Company Act of 1940 (the “1940 Act”), unless otherwise noted. All of the Company's investments are issued by U.S. portfolio companies unless otherwise noted.[2]Because there is no readily available market value for these investments, the fair value of these investments is determined in good faith using significant unobservable inputs by the Valuation Designee. (See Note 4 in the accompanying notes to the consolidated financial statements.)[3] Because there is no readily available market value for these investments, the fair value of these investments is determined in good faith using significant unobservable inputs by the Valuation Designee. (See Note 4 in the accompanying notes to the consolidated financial statements.) All of the Company's investments are issued by eligible portfolio companies, as defined in the Investment Company Act of 1940 (the “1940 Act”), unless otherwise noted. All of the Company's investments are issued by U.S. portfolio companies unless otherwise noted. |
Transactions with Affiliated _3
Transactions with Affiliated Companies - Fair Value Roll Forward (Details) - USD ($) $ in Thousands | 12 Months Ended | ||||||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 29, 2022 | ||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[2] | $ 541,040 | |||||
Payment-in-kind interest income | 9,407 | $ 6,689 | $ 8,320 | ||||
Net realized gain (loss) | (38,769) | (1,130) | (21,764) | ||||
Net unrealized gain (loss) | 15,777 | (23,782) | 34,579 | ||||
Fair value at the ending | 488,386 | [3],[4] | $ 541,040 | [1],[2] | |||
Number of units held | 81 | ||||||
American Community Homes, Inc. | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Number of units held | 4,940 | ||||||
Percentage of equity interest | 22.30% | ||||||
Non-controlled affiliate company investments | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 86,618 | [1],[2] | $ 90,281 | ||||
Transfers in (out) | 0 | 0 | |||||
Purchases (cost) | 2,315 | 3,685 | |||||
Sales and paydowns (cost) | (7,769) | (5,687) | |||||
Payment-in-kind interest income | 6,337 | 3,680 | 6,484 | ||||
Discount accretion | 30 | 39 | |||||
Net realized gain (loss) | 0 | (1) | (5,637) | ||||
Net unrealized gain (loss) | (3,990) | (5,379) | 4,950 | ||||
Fair value at the ending | 83,541 | [3],[4],[5] | 86,618 | [1],[2] | 90,281 | ||
Non-controlled affiliate company investments | American Community Homes, Inc. | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 19,546 | 23,748 | |||||
Transfers in (out) | 0 | 0 | |||||
Purchases (cost) | 0 | 0 | |||||
Sales and paydowns (cost) | 0 | 0 | |||||
Payment-in-kind interest income | 3,268 | 1,942 | |||||
Discount accretion | 0 | 0 | |||||
Net realized gain (loss) | 0 | 0 | |||||
Net unrealized gain (loss) | (4,975) | (6,144) | |||||
Fair value at the ending | 17,839 | 19,546 | 23,748 | ||||
Non-controlled affiliate company investments | Ascent Midco, LLC | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 8,186 | 8,946 | |||||
Transfers in (out) | 0 | 0 | |||||
Purchases (cost) | 0 | 0 | |||||
Sales and paydowns (cost) | (6,175) | (174) | |||||
Payment-in-kind interest income | 0 | 0 | |||||
Discount accretion | 16 | 25 | |||||
Net realized gain (loss) | 0 | 0 | |||||
Net unrealized gain (loss) | (95) | (611) | |||||
Fair value at the ending | 1,932 | 8,186 | 8,946 | ||||
Non-controlled affiliate company investments | C Parent Holdings, LLC. | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 146 | 5,111 | |||||
Transfers in (out) | 0 | 0 | |||||
Purchases (cost) | 0 | 92 | |||||
Sales and paydowns (cost) | 0 | (5,117) | |||||
Payment-in-kind interest income | 0 | 0 | |||||
Discount accretion | 0 | 0 | |||||
Net realized gain (loss) | 0 | (1) | |||||
Net unrealized gain (loss) | (146) | 61 | |||||
Fair value at the ending | 0 | 146 | 5,111 | ||||
Non-controlled affiliate company investments | Familia Dental Group Holdings, LLC | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 2,625 | 1,919 | |||||
Transfers in (out) | 0 | 0 | |||||
Purchases (cost) | 183 | 245 | |||||
Sales and paydowns (cost) | 0 | 0 | |||||
Payment-in-kind interest income | 0 | 0 | |||||
Discount accretion | 0 | 0 | |||||
Net realized gain (loss) | 0 | 0 | |||||
Net unrealized gain (loss) | (582) | 461 | |||||
Fair value at the ending | 2,226 | 2,625 | 1,919 | ||||
Non-controlled affiliate company investments | H F Z Capital Group, LLC And MC Asset Management (Corporate), LLC | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 32,676 | 29,152 | |||||
Transfers in (out) | 0 | 0 | |||||
Purchases (cost) | 1,586 | 0 | |||||
Sales and paydowns (cost) | 0 | 0 | |||||
Payment-in-kind interest income | 2,281 | 1,417 | |||||
Discount accretion | 0 | 0 | |||||
Net realized gain (loss) | 0 | 0 | |||||
Net unrealized gain (loss) | 1,214 | 2,107 | |||||
Fair value at the ending | 37,757 | 32,676 | 29,152 | ||||
Non-controlled affiliate company investments | Mnine Holdings, Inc. | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 5,706 | 5,771 | |||||
Transfers in (out) | 0 | 0 | |||||
Purchases (cost) | 546 | 587 | |||||
Sales and paydowns (cost) | (52) | (396) | |||||
Payment-in-kind interest income | 788 | 321 | |||||
Discount accretion | 14 | 14 | |||||
Net realized gain (loss) | 0 | 0 | |||||
Net unrealized gain (loss) | (102) | (591) | |||||
Fair value at the ending | 6,900 | 5,706 | 5,771 | ||||
Non-controlled affiliate company investments | NECB Collections, LLC | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 382 | 632 | |||||
Transfers in (out) | 0 | 0 | |||||
Purchases (cost) | 0 | 0 | |||||
Sales and paydowns (cost) | 0 | 0 | |||||
Payment-in-kind interest income | 0 | 0 | |||||
Discount accretion | 0 | 0 | |||||
Net realized gain (loss) | 0 | 0 | |||||
Net unrealized gain (loss) | 42 | (250) | |||||
Fair value at the ending | 424 | 382 | 632 | ||||
Non-controlled affiliate company investments | Second Avenue SFR Holdings II LLC | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 4,755 | 2,104 | |||||
Transfers in (out) | 0 | 0 | |||||
Purchases (cost) | 0 | 2,681 | |||||
Sales and paydowns (cost) | (1,462) | 0 | |||||
Payment-in-kind interest income | 0 | 0 | |||||
Discount accretion | 0 | 0 | |||||
Net realized gain (loss) | 0 | 0 | |||||
Net unrealized gain (loss) | 30 | (30) | |||||
Fair value at the ending | 3,323 | 4,755 | 2,104 | ||||
Non-controlled affiliate company investments | SFR Holdco, LLC | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 9,750 | 9,750 | |||||
Transfers in (out) | 0 | 0 | |||||
Purchases (cost) | 0 | 0 | |||||
Sales and paydowns (cost) | 0 | 0 | |||||
Payment-in-kind interest income | 0 | 0 | |||||
Discount accretion | 0 | 0 | |||||
Net realized gain (loss) | 0 | 0 | |||||
Net unrealized gain (loss) | 161 | 0 | |||||
Fair value at the ending | 9,911 | 9,750 | 9,750 | ||||
Non-controlled affiliate company investments | TJ Management Hold Co LLC | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 2,846 | 3,148 | |||||
Transfers in (out) | 0 | 0 | |||||
Purchases (cost) | 0 | 80 | |||||
Sales and paydowns (cost) | (80) | 0 | |||||
Payment-in-kind interest income | 0 | 0 | |||||
Discount accretion | 0 | 0 | |||||
Net realized gain (loss) | 0 | 0 | |||||
Net unrealized gain (loss) | 463 | (382) | |||||
Fair value at the ending | 3,229 | 2,846 | 3,148 | ||||
Controlled affiliate company investments | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 35,509 | [1],[2],[6] | 41,125 | ||||
Transfers in (out) | 0 | 0 | |||||
Purchases (cost) | 0 | 500 | |||||
Sales and paydowns (cost) | 0 | 0 | |||||
Payment-in-kind interest income | 0 | 0 | |||||
Discount accretion | 0 | 0 | |||||
Net realized gain (loss) | 0 | 0 | |||||
Net unrealized gain (loss) | (2,387) | (6,116) | 1,841 | ||||
Fair value at the ending | 33,122 | [3],[4],[7] | 35,509 | [1],[2],[6] | 41,125 | ||
Controlled affiliate company investments | MRCC Senior Loan Fund I, LLC | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 35,509 | 41,125 | |||||
Transfers in (out) | 0 | 0 | |||||
Purchases (cost) | 0 | 500 | |||||
Sales and paydowns (cost) | 0 | 0 | |||||
Payment-in-kind interest income | 0 | 0 | |||||
Discount accretion | 0 | 0 | |||||
Net realized gain (loss) | 0 | 0 | |||||
Net unrealized gain (loss) | (2,387) | (6,116) | |||||
Fair value at the ending | 33,122 | 35,509 | 41,125 | ||||
Investment, Identifier [Axis]: APCO Worldwide, Inc, Equity Securities, Class A voting common stock | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 921 | |||||
Fair value at the ending | [1] | $ 921 | |||||
Number of units held | 100 | ||||||
Investment, Identifier [Axis]: APCO Worldwide, Inc., Equity Securities, Class A voting common stock | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | $ 869 | |||||
Number of units held | 100 | ||||||
Investment, Identifier [Axis]: ASG II, LLC, Unitranche Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | $ 1,900 | |||||
Fair value at the ending | 1,900 | [4] | $ 1,900 | [1] | |||
Investment, Identifier [Axis]: ASG II, LLC, Unitranche Secured Loans, Delayed Draw | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8],[9] | 51 | |||||
Fair value at the ending | 171 | [4],[10],[11] | 51 | [1],[8],[9] | |||
Investment, Identifier [Axis]: AdTheorent Holding Company, Inc, Equity Securities, Common stock | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[12],[13] | $ 257 | |||||
Number of units held | [12],[13] | 177,362 | |||||
Investment, Identifier [Axis]: AdTheorent Holding Company, Inc., Equity Securities, Common stock | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[14],[15] | $ 294 | |||||
Fair value at the ending | [1],[14],[15] | $ 294 | |||||
Number of units held | [14],[15] | 177,362 | |||||
Investment, Identifier [Axis]: Amelia Holding II, LLC , Senior Secured Loans, Delayed Draw | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[10],[11] | 510 | |||||
Investment, Identifier [Axis]: Amelia Holding II, LLC, Equity Securities, Warrant | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 0 | |||||
Fair value at the ending | 29 | [4] | $ 0 | [1] | |||
Percentage of equity interest | 0.10% | ||||||
Investment, Identifier [Axis]: Amelia Holding II, LLC, Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 1,940 | |||||
Fair value at the ending | 2,028 | [4] | $ 1,940 | [1] | |||
Investment, Identifier [Axis]: Amelia Holding II, LLC, Senior Secured Loans, Delayed Draw | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8],[9] | 0 | |||||
Fair value at the ending | [1],[8],[9] | 0 | |||||
Investment, Identifier [Axis]: Amelia Holding II, LLC, Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 0 | |||||
Fair value at the ending | 27 | [4],[10] | 0 | [1],[8] | |||
Investment, Identifier [Axis]: American Broadband and Telecommunications Company LLC, Equity Securities, Warrant | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 69 | |||||
Fair value at the ending | [1] | 69 | |||||
Investment, Identifier [Axis]: American Broadband and Telecommunications Company LLC, Senior Secured Loans, Delayed Draw | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8],[9] | 1,539 | |||||
Fair value at the ending | 1,430 | [4],[10],[11] | 1,539 | [1],[8],[9] | |||
Investment, Identifier [Axis]: American Broadband and Telecommunications Company LLC, Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 118 | |||||
Fair value at the ending | 124 | [4],[10] | 118 | [1],[8] | |||
Investment, Identifier [Axis]: American Broadband and Telecommunications Company LLC, Warrants | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 49 | |||||
Investment, Identifier [Axis]: American Community Homes, Inc, Equity Securities, Common stock | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 0 | |||||
Fair value at the ending | [1] | $ 0 | |||||
Number of units held | 4,940 | ||||||
Investment, Identifier [Axis]: American Community Homes, Inc. (Revolver) | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 0 | $ 0 | |||||
Transfers in (out) | 0 | 0 | |||||
Purchases (cost) | 0 | 0 | |||||
Sales and paydowns (cost) | 0 | 0 | |||||
Payment-in-kind interest income | 0 | 0 | |||||
Discount accretion | 0 | 0 | |||||
Net realized gain (loss) | 0 | 0 | |||||
Net unrealized gain (loss) | 0 | 0 | |||||
Fair value at the ending | 0 | 0 | 0 | ||||
Investment, Identifier [Axis]: American Community Homes, Inc. , Senior Secured Loans3 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 543 | |||||
Fair value at the ending | [1] | 543 | |||||
Investment, Identifier [Axis]: American Community Homes, Inc. 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 8,953 | 10,457 | |||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | 0 | ||||||
Payment-in-kind interest income | 789 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | (2,293) | ||||||
Fair value at the ending | 8,953 | 10,457 | |||||
Investment, Identifier [Axis]: American Community Homes, Inc. 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 4,258 | 4,753 | |||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | 0 | ||||||
Payment-in-kind interest income | 595 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | (1,090) | ||||||
Fair value at the ending | 4,258 | 4,753 | |||||
Investment, Identifier [Axis]: American Community Homes, Inc. 3 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 543 | 634 | |||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | 0 | ||||||
Payment-in-kind interest income | 48 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | (139) | ||||||
Fair value at the ending | 543 | 634 | |||||
Investment, Identifier [Axis]: American Community Homes, Inc. 4 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 1,996 | 3,164 | |||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | 0 | ||||||
Payment-in-kind interest income | 176 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | (1,344) | ||||||
Fair value at the ending | 1,996 | 3,164 | |||||
Investment, Identifier [Axis]: American Community Homes, Inc. 5 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 3,694 | 4,357 | |||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | 0 | ||||||
Payment-in-kind interest income | 325 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | (988) | ||||||
Fair value at the ending | 3,694 | 4,357 | |||||
Investment, Identifier [Axis]: American Community Homes, Inc. 6 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 17 | 20 | |||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | 0 | ||||||
Payment-in-kind interest income | 2 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | (5) | ||||||
Fair value at the ending | 17 | 20 | |||||
Investment, Identifier [Axis]: American Community Homes, Inc. 7 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 85 | 99 | |||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | 0 | ||||||
Payment-in-kind interest income | 7 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | (21) | ||||||
Fair value at the ending | 85 | 99 | |||||
Investment, Identifier [Axis]: American Community Homes, Inc. Common stock | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 0 | 0 | |||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | 0 | ||||||
Payment-in-kind interest income | 0 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | 0 | ||||||
Fair value at the ending | $ 0 | 0 | |||||
Number of units held | 4,940 | ||||||
Investment, Identifier [Axis]: American Community Homes, Inc. common stock | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 0 | ||||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | 0 | ||||||
Payment-in-kind interest income | 0 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | 0 | ||||||
Fair value at the ending | $ 0 | $ 0 | |||||
Number of units held | 4,940 | ||||||
Investment, Identifier [Axis]: American Community Homes, Inc., Equity Securities, Common stock | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | $ 0 | |||||
Number of units held | 4,940 | ||||||
Investment, Identifier [Axis]: American Community Homes, Inc., Senior Secured Loans 4 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | $ 1,996 | ||||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | 0 | ||||||
Payment-in-kind interest income | 312 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | (500) | ||||||
Fair value at the ending | 1,808 | 1,996 | |||||
Investment, Identifier [Axis]: American Community Homes, Inc., Senior Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 8,953 | |||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | 0 | ||||||
Payment-in-kind interest income | 1,401 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | (2,244) | ||||||
Fair value at the ending | 8,110 | [4] | 8,953 | [1] | |||
Investment, Identifier [Axis]: American Community Homes, Inc., Senior Secured Loans 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 4,258 | |||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | 0 | ||||||
Payment-in-kind interest income | 875 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | (1,143) | ||||||
Fair value at the ending | 3,990 | [4] | 4,258 | [1] | |||
Investment, Identifier [Axis]: American Community Homes, Inc., Senior Secured Loans 3 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 543 | ||||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | 0 | ||||||
Payment-in-kind interest income | 84 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | (136) | ||||||
Fair value at the ending | 491 | [4] | 543 | ||||
Investment, Identifier [Axis]: American Community Homes, Inc., Senior Secured Loans 4 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 1,996 | |||||
Fair value at the ending | 1,808 | [4] | 1,996 | [1] | |||
Investment, Identifier [Axis]: American Community Homes, Inc., Senior Secured Loans 5 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 3,694 | |||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | 0 | ||||||
Payment-in-kind interest income | 579 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | (926) | ||||||
Fair value at the ending | 3,347 | [4] | 3,694 | [1] | |||
Investment, Identifier [Axis]: American Community Homes, Inc., Senior Secured Loans 6 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 17 | |||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | 0 | ||||||
Payment-in-kind interest income | 3 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | (4) | ||||||
Fair value at the ending | 16 | [4] | 17 | [1] | |||
Investment, Identifier [Axis]: American Community Homes, Inc., Senior Secured Loans 7 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 85 | |||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | 0 | ||||||
Payment-in-kind interest income | 14 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | (22) | ||||||
Fair value at the ending | 77 | [4] | 85 | [1] | |||
Investment, Identifier [Axis]: American Community Homes, Inc., Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 0 | |||||
Fair value at the ending | 0 | [4],[10] | 0 | [1],[8] | |||
Investment, Identifier [Axis]: American Community Homes, Inc., Warrant | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 0 | 264 | |||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | 0 | ||||||
Payment-in-kind interest income | 0 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | (264) | ||||||
Fair value at the ending | $ 0 | 264 | |||||
Percentage of equity interest | 22.30% | ||||||
Investment, Identifier [Axis]: Aras Corporation | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 2,250 | |||||
Investment, Identifier [Axis]: Aras Corporation (Revolver) | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[10] | 130 | |||||
Investment, Identifier [Axis]: Aras Corporation, Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 2,167 | |||||
Fair value at the ending | [1] | $ 2,167 | |||||
Investment, Identifier [Axis]: Aras Corporation, Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 50 | |||||
Fair value at the ending | [1],[8] | 50 | |||||
Investment, Identifier [Axis]: Arcstor Midco, LLC, Junior Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 2,185 | |||||
Investment, Identifier [Axis]: Arcstor Midco, LLC, Junior Secured Loans 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 155 | |||||
Investment, Identifier [Axis]: Arcstor Midco, LLC, Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 4,122 | |||||
Fair value at the ending | 155 | [4] | 4,122 | [1] | |||
Investment, Identifier [Axis]: Ascent Midco, L L C, Class A units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 1,969 | ||||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | 0 | ||||||
Payment-in-kind interest income | 0 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | (37) | ||||||
Fair value at the ending | $ 1,932 | 1,969 | |||||
Number of units held | 2,032,258 | ||||||
Investment, Identifier [Axis]: Ascent Midco, L L C, Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | $ 6,217 | ||||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | (6,175) | ||||||
Payment-in-kind interest income | 0 | ||||||
Discount accretion | 16 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | (58) | ||||||
Fair value at the ending | 0 | 6,217 | |||||
Investment, Identifier [Axis]: Ascent Midco, LLC (Revolver) | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 0 | 0 | |||||
Transfers in (out) | 0 | 0 | |||||
Purchases (cost) | 0 | 0 | |||||
Sales and paydowns (cost) | 0 | 0 | |||||
Payment-in-kind interest income | 0 | 0 | |||||
Discount accretion | 0 | 0 | |||||
Net realized gain (loss) | 0 | 0 | |||||
Net unrealized gain (loss) | 0 | 0 | |||||
Fair value at the ending | 0 | 0 | 0 | ||||
Investment, Identifier [Axis]: Ascent Midco, LLC, Class A units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 1,969 | 2,554 | |||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | 0 | ||||||
Payment-in-kind interest income | 0 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | (585) | ||||||
Fair value at the ending | $ 1,969 | 2,554 | |||||
Number of units held | 2,032,258 | ||||||
Investment, Identifier [Axis]: Ascent Midco, LLC, Equity Securities, Class A units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[16] | 1,969 | |||||
Fair value at the ending | $ 1,932 | [4],[17] | $ 1,969 | [1],[16] | |||
Number of units held | 2,032,258 | [17] | 2,032,258 | [16] | |||
Investment, Identifier [Axis]: Ascent Midco, LLC, Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | $ 6,217 | [1] | $ 6,392 | ||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | (174) | ||||||
Payment-in-kind interest income | 0 | ||||||
Discount accretion | 25 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | (26) | ||||||
Fair value at the ending | 6,217 | [1] | 6,392 | ||||
Investment, Identifier [Axis]: Ascent Midco, LLC, Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 0 | |||||
Fair value at the ending | [1],[8] | 0 | |||||
Investment, Identifier [Axis]: Attom Intermediate Holdco, LLC, Equity Securities, Class A units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[16] | 522 | |||||
Fair value at the ending | $ 362 | [4],[17] | $ 522 | [1],[16] | |||
Number of units held | 297,197 | [17] | 297,197 | [16] | |||
Investment, Identifier [Axis]: Attom Intermediate Holdco, LLC, Senior Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | $ 1,915 | |||||
Fair value at the ending | 1,870 | [4] | $ 1,915 | [1] | |||
Investment, Identifier [Axis]: Attom Intermediate Holdco, LLC, Senior Secured Loans 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 467 | |||||
Fair value at the ending | 456 | [4] | 467 | [1] | |||
Investment, Identifier [Axis]: Attom Intermediate Holdco, LLC, Senior Secured Loans 3 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 275 | |||||
Fair value at the ending | 269 | [4] | 275 | [1] | |||
Investment, Identifier [Axis]: Attom Intermediate Holdco, LLC, Senior Secured Loans 4 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 794 | |||||
Fair value at the ending | 775 | [4] | 794 | [1] | |||
Investment, Identifier [Axis]: Attom Intermediate Holdco, LLC, Senior Secured Loans 5 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 399 | |||||
Fair value at the ending | 392 | [4] | 399 | [1] | |||
Investment, Identifier [Axis]: Attom Intermediate Holdco, LLC, Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 0 | |||||
Fair value at the ending | 213 | [4],[10] | 0 | [1],[8] | |||
Investment, Identifier [Axis]: Avalara, Inc., Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 3,900 | |||||
Fair value at the ending | 4,040 | [4] | 3,900 | [1] | |||
Investment, Identifier [Axis]: Avalara, Inc., Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 0 | |||||
Fair value at the ending | 0 | [4],[10] | 0 | [1],[8] | |||
Investment, Identifier [Axis]: BLST Operating Company, LLC, Equity Securities, Class A units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[16] | 420 | |||||
Fair value at the ending | $ 420 | [4],[17] | $ 420 | [1],[16] | |||
Number of units held | 139,883 | [17] | 139,883 | [16] | |||
Investment, Identifier [Axis]: BLST Operating Company, LLC, Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | $ 571 | |||||
Fair value at the ending | 620 | [4] | $ 571 | [1] | |||
Investment, Identifier [Axis]: Bluesight, Inc. , Equity Securities, Class B common units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | $ 0 | |||||
Number of units held | 11,087 | ||||||
Investment, Identifier [Axis]: Bluesight, Inc., Equity Securities, Class A preferred units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | $ 19 | |||||
Number of units held | 21 | ||||||
Investment, Identifier [Axis]: Bluesight, Inc., Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | $ 1,996 | |||||
Investment, Identifier [Axis]: Bluesight, Inc., Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[10] | 0 | |||||
Investment, Identifier [Axis]: Bonterra, LLC (fka Cybergrants Holdings), Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 12,898 | |||||
Fair value at the ending | [1] | 12,898 | |||||
Investment, Identifier [Axis]: Bonterra, LLC (fka Cybergrants Holdings), Senior Secured Loans, Delayed Draw | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8],[9] | 0 | |||||
Fair value at the ending | [1],[8],[9] | 0 | |||||
Investment, Identifier [Axis]: Bonterra, LLC (fka Cybergrants Holdings), Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 389 | |||||
Fair value at the ending | [1],[8] | 389 | |||||
Investment, Identifier [Axis]: Bonterra, LLC, Senior Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 13,185 | |||||
Investment, Identifier [Axis]: Bonterra, LLC, Senior Secured Loans 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 1,975 | |||||
Investment, Identifier [Axis]: Bonterra, LLC, Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[10] | 315 | |||||
Investment, Identifier [Axis]: Born To Run, LLC, Equity Securities, Class A units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 233 | |||||
Fair value at the ending | $ 0 | [4] | $ 233 | [1] | |||
Number of units held | 269,438 | 269,438 | |||||
Investment, Identifier [Axis]: Born To Run, LLC, Senior Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | $ 3,318 | |||||
Fair value at the ending | 2,565 | [4] | $ 3,318 | [1] | |||
Investment, Identifier [Axis]: Born To Run, LLC, Senior Secured Loans 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 452 | |||||
Fair value at the ending | 349 | [4] | 452 | [1] | |||
Investment, Identifier [Axis]: Brickell Bay Acquisition Corp., Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 1,847 | |||||
Fair value at the ending | 1,861 | [4] | 1,847 | [1] | |||
Investment, Identifier [Axis]: Burroughs, Inc. | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 4,901 | |||||
Investment, Identifier [Axis]: Burroughs, Inc. (Revolver) | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 1,215 | |||||
Investment, Identifier [Axis]: Burroughs, Inc., Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 5,201 | |||||
Fair value at the ending | [1] | 5,201 | |||||
Investment, Identifier [Axis]: Burroughs, Inc., Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 0 | |||||
Fair value at the ending | [1],[8] | 0 | |||||
Investment, Identifier [Axis]: C Parent Holdings, LLC. | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 146 | ||||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | 0 | ||||||
Payment-in-kind interest income | 0 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | (146) | ||||||
Fair value at the ending | 0 | 146 | |||||
Investment, Identifier [Axis]: C Parent Holdings, LLC. (fka Curion Holdings, LLC) | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 146 | 4,561 | |||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | (4,497) | ||||||
Payment-in-kind interest income | 0 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | 82 | ||||||
Fair value at the ending | 146 | 4,561 | |||||
Investment, Identifier [Axis]: C Parent Holdings, LLC. (fka Curion Holdings, LLC) (Junior secured loan) 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 0 | 0 | |||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | 0 | ||||||
Payment-in-kind interest income | 0 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | (1) | ||||||
Net unrealized gain (loss) | 1 | ||||||
Fair value at the ending | 0 | 0 | |||||
Investment, Identifier [Axis]: C Parent Holdings, LLC. (fka Curion Holdings, LLC) (Junior secured loan) 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 0 | 0 | |||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | 0 | ||||||
Payment-in-kind interest income | 0 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | 0 | ||||||
Fair value at the ending | 0 | 0 | |||||
Investment, Identifier [Axis]: C Parent Holdings, LLC. (fka Curion Holdings, LLC) (Revolver) | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 0 | 550 | |||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 92 | ||||||
Sales and paydowns (cost) | (620) | ||||||
Payment-in-kind interest income | 0 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | (22) | ||||||
Fair value at the ending | 0 | 550 | |||||
Investment, Identifier [Axis]: C Parent Holdings, LLC. (fka Curion Holdings, LLC) Common stock | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 0 | 0 | |||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | 0 | ||||||
Payment-in-kind interest income | 0 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | 0 | ||||||
Fair value at the ending | $ 0 | 0 | |||||
Number of units held | 58,779 | ||||||
Investment, Identifier [Axis]: C Parent Holdings, LLC. (fka Curion Holdings, LLC), Equity Securities, Common stock | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[18] | 0 | |||||
Fair value at the ending | [1],[18] | $ 0 | |||||
Number of units held | [18] | 58,779 | |||||
Investment, Identifier [Axis]: C Parent Holdings, LLC. (fka Curion Holdings, LLC), Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[18] | 146 | |||||
Fair value at the ending | [1],[18] | $ 146 | |||||
Investment, Identifier [Axis]: C Parent Holdings, LLC. Common stock | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 0 | ||||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | 0 | ||||||
Payment-in-kind interest income | 0 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | 0 | ||||||
Fair value at the ending | $ 0 | 0 | |||||
Number of units held | 58,779 | ||||||
Investment, Identifier [Axis]: CGI Automated Manufacturing, LLC, Senior Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | $ 3,975 | |||||
Fair value at the ending | 3,802 | [4] | 3,975 | [1] | |||
Investment, Identifier [Axis]: CGI Automated Manufacturing, LLC, Senior Secured Loans 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 1,141 | |||||
Fair value at the ending | 1,091 | [4] | 1,141 | [1] | |||
Investment, Identifier [Axis]: Calabrio, Inc., Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 3,379 | |||||
Fair value at the ending | 3,421 | [4] | 3,379 | [1] | |||
Investment, Identifier [Axis]: Calabrio, Inc., Senior Secured Loans, Delayed Draw | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[10],[11] | 0 | |||||
Investment, Identifier [Axis]: Calabrio, Inc., Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 233 | |||||
Fair value at the ending | 234 | [4],[10] | 233 | [1],[8] | |||
Investment, Identifier [Axis]: California Pizza Kitchen, Inc., Equity Securities, Common units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 1,266 | |||||
Fair value at the ending | [1] | $ 1,266 | |||||
Number of units held | 78,699 | ||||||
Investment, Identifier [Axis]: Caravel Autism Health, LLC, Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 4,630 | |||||
Fair value at the ending | [1] | $ 4,630 | |||||
Investment, Identifier [Axis]: Caravel Autism Health, LLC, Senior Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 4,969 | |||||
Investment, Identifier [Axis]: Caravel Autism Health, LLC, Senior Secured Loans 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 1,380 | |||||
Investment, Identifier [Axis]: Caravel Autism Health, LLC, Senior Secured Loans Delayed Draw | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8],[9] | 173 | |||||
Fair value at the ending | [1],[8],[9] | 173 | |||||
Investment, Identifier [Axis]: Caravel Autism Health, LLC, Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 1,048 | |||||
Fair value at the ending | 244 | [4],[10] | 1,048 | [1],[8] | |||
Investment, Identifier [Axis]: Cassavant Holdings, LLC, Unitranche Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 7,436 | |||||
Fair value at the ending | 7,876 | [4] | 7,436 | [1] | |||
Investment, Identifier [Axis]: Centaur (Palm Beach) Owner LLC and Panther National Golf Club LLC, Senior Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 3,296 | |||||
Fair value at the ending | 2,812 | [4],[10] | 3,296 | [1] | |||
Investment, Identifier [Axis]: Centaur (Palm Beach) Owner LLC and Panther National Golf Club LLC, Senior Secured Loans 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 337 | |||||
Fair value at the ending | 287 | [4],[12] | 337 | [1] | |||
Investment, Identifier [Axis]: Centaur (Palm Beach) Owner LLC and Panther National Golf Club LLC, Senior Secured Loans, (Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8],[15] | 719 | |||||
Fair value at the ending | [1],[8],[15] | 719 | |||||
Investment, Identifier [Axis]: Centaur (Palm Beach) Owner LLC and Panther National Golf Club LLC, Senior Secured Loans, Delayed Draw | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[10],[11],[12] | 322 | |||||
Investment, Identifier [Axis]: Centaur (Palm Beach) Owner LLC and Panther National Golf Club LLC, Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[10],[12] | 546 | |||||
Investment, Identifier [Axis]: Chess.com, LLC, Equity Securities, Class A units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[16] | 50 | |||||
Fair value at the ending | $ 75 | [4],[17] | 50 | [1],[16] | |||
Number of units held | [17] | 2 | |||||
Investment, Identifier [Axis]: Chess.com, LLC, Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | $ 5,866 | |||||
Fair value at the ending | 5,873 | [4] | 5,866 | [1] | |||
Investment, Identifier [Axis]: Chess.com, LLC, Senior Secured Loans Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[10] | 0 | |||||
Investment, Identifier [Axis]: Chess.com, LLC, Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 0 | |||||
Fair value at the ending | [1],[8] | 0 | |||||
Investment, Identifier [Axis]: Crownpeak Technology, Inc. , Senior Secured Loans1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 4,000 | |||||
Investment, Identifier [Axis]: Crownpeak Technology, Inc. , Senior Secured Loans3 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 60 | |||||
Fair value at the ending | [1] | 60 | |||||
Investment, Identifier [Axis]: Crownpeak Technology, Inc. , Senior Secured Loans4 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 3,333 | |||||
Fair value at the ending | [1] | 3,333 | |||||
Investment, Identifier [Axis]: Crownpeak Technology, Inc., Senior Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 4,000 | |||||
Fair value at the ending | [1] | 4,000 | |||||
Investment, Identifier [Axis]: Crownpeak Technology, Inc., Senior Secured Loans 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 1,273 | |||||
Fair value at the ending | 1,274 | [4] | 1,273 | [1] | |||
Investment, Identifier [Axis]: Crownpeak Technology, Inc., Senior Secured Loans 3 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 60 | |||||
Investment, Identifier [Axis]: Crownpeak Technology, Inc., Senior Secured Loans 4 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 3,334 | |||||
Investment, Identifier [Axis]: Crownpeak Technology, Inc., Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 0 | |||||
Fair value at the ending | 67 | [4],[10] | 0 | [1],[8] | |||
Investment, Identifier [Axis]: Destination Media, Inc., Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 377 | |||||
Fair value at the ending | 1,010 | [4] | 377 | [1] | |||
Investment, Identifier [Axis]: Destination Media, Inc., Senior Secured Loans, Delayed Draw | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[10],[11] | 62 | |||||
Investment, Identifier [Axis]: Destination Media, Inc., Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 0 | |||||
Fair value at the ending | 21 | [4],[10] | 0 | [1],[8] | |||
Investment, Identifier [Axis]: Dorado Acquisition, Inc., , Equity Securities, Class A-1 units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 215 | |||||
Fair value at the ending | [1] | $ 215 | |||||
Number of units held | 189,922 | ||||||
Investment, Identifier [Axis]: Dorado Acquisition, Inc., , Equity Securities, Class A-2 units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 224 | |||||
Fair value at the ending | [1] | $ 224 | |||||
Number of units held | 189,922 | ||||||
Investment, Identifier [Axis]: Dorado Acquisition, Inc., Equity Securities, Class A-1 units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | $ 209 | |||||
Number of units held | 189,922 | ||||||
Investment, Identifier [Axis]: Dorado Acquisition, Inc., Equity Securities, Class A-2 units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | $ 32 | |||||
Number of units held | 189,922 | ||||||
Investment, Identifier [Axis]: Dorado Acquisition, Inc., Senior Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | $ 4,928 | |||||
Fair value at the ending | 4,743 | [4] | $ 4,928 | [1] | |||
Investment, Identifier [Axis]: Dorado Acquisition, Inc., Senior Secured Loans 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 4,074 | |||||
Fair value at the ending | 3,932 | [4] | 4,074 | [1] | |||
Investment, Identifier [Axis]: Dorado Acquisition, Inc., Senior Secured Loans Delayed Draw | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8],[9] | 0 | |||||
Fair value at the ending | [1],[8],[9] | 0 | |||||
Investment, Identifier [Axis]: Dorado Acquisition, Inc., Senior Secured Loans Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 596 | |||||
Fair value at the ending | [1] | 596 | |||||
Investment, Identifier [Axis]: Dorado Acquisition, Inc., Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[10] | 0 | |||||
Investment, Identifier [Axis]: Drawbridge Partners, LLC, Equity Securities, Class A-1 units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 126 | |||||
Fair value at the ending | $ 147 | [4] | $ 126 | [1] | |||
Number of units held | 130,433 | 130,433 | |||||
Investment, Identifier [Axis]: Drawbridge Partners, LLC, Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | $ 2,971 | |||||
Fair value at the ending | 3,001 | [4] | $ 2,971 | [1] | |||
Investment, Identifier [Axis]: Drawbridge Partners, LLC, Senior Secured Loans Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[10] | 0 | |||||
Investment, Identifier [Axis]: Drawbridge Partners, LLC, Senior Secured Loans, Delayed Draw | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8],[9] | 102 | |||||
Fair value at the ending | 496 | [4],[10],[11] | 102 | [1],[8],[9] | |||
Investment, Identifier [Axis]: Drawbridge Partners, LLC, Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 0 | |||||
Fair value at the ending | [1],[8] | 0 | |||||
Investment, Identifier [Axis]: Education Corporation of America - Series G Preferred Stock | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | $ 0 | |||||
Number of units held | 8,333 | ||||||
Investment, Identifier [Axis]: Education Corporation of America, Equity Securities, Series G Preferred Stock | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | $ 0 | |||||
Fair value at the ending | [1] | $ 0 | |||||
Number of units held | 8,333 | ||||||
Investment, Identifier [Axis]: Education Corporation of America, Junior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 1,882 | |||||
Fair value at the ending | 2,174 | [4] | $ 1,882 | [1] | |||
Investment, Identifier [Axis]: Equine Network, LLC, Equity Securities, Class A units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[16] | 109 | |||||
Fair value at the ending | $ 110 | [4],[17] | $ 109 | [1],[16] | |||
Number of units held | 108 | [17] | 108 | [16] | |||
Investment, Identifier [Axis]: Equine Network, LLC, Senior Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | $ 1,709 | |||||
Fair value at the ending | [1] | $ 1,709 | |||||
Investment, Identifier [Axis]: Equine Network, LLC, Senior Secured Loans 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 775 | |||||
Fair value at the ending | [1] | 775 | |||||
Investment, Identifier [Axis]: Equine Network, LLC, Senior Secured Loans Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 127 | |||||
Fair value at the ending | [1],[8] | 127 | |||||
Investment, Identifier [Axis]: Equine Network, LLC, Senior Secured Loans, Delayed Draw | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8],[9] | 0 | |||||
Fair value at the ending | [1],[8],[9] | 0 | |||||
Investment, Identifier [Axis]: Express Wash Acquisition Company, LLC, Class A preferred units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[17] | $ 32 | |||||
Number of units held | [17] | 31 | |||||
Investment, Identifier [Axis]: Express Wash Acquisition Company, LLC, Equity Securities, Class A common units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[17] | $ 0 | |||||
Number of units held | [17] | 31,200 | |||||
Investment, Identifier [Axis]: Express Wash Acquisition Company, LLC, Equity Securities, Class A units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[16] | $ 118 | |||||
Fair value at the ending | [1],[16] | $ 118 | |||||
Number of units held | [16] | 121,311 | |||||
Investment, Identifier [Axis]: Express Wash Acquisition Company, LLC, Equity Securities, Class B common units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[17] | $ 26 | |||||
Number of units held | [17] | 147 | |||||
Investment, Identifier [Axis]: Express Wash Acquisition Company, LLC, Equity Securities, Class B preferred units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[17] | $ 0 | |||||
Number of units held | [17] | 146,770 | |||||
Investment, Identifier [Axis]: Express Wash Acquisition Company, LLC, Senior Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | $ 8,119 | |||||
Fair value at the ending | 7,067 | [4] | $ 8,119 | [1] | |||
Investment, Identifier [Axis]: Express Wash Acquisition Company, LLC, Senior Secured Loans 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 1,521 | |||||
Fair value at the ending | 1,513 | [4] | 1,521 | [1] | |||
Investment, Identifier [Axis]: Express Wash Acquisition Company, LLC, Senior Secured Loans Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[10] | 209 | |||||
Investment, Identifier [Axis]: Express Wash Acquisition Company, LLC, Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 208 | |||||
Fair value at the ending | [1],[8] | 208 | |||||
Investment, Identifier [Axis]: Familia Dental Group Holdings, LLC, Class A units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 2,625 | 1,919 | |||||
Transfers in (out) | 0 | 0 | |||||
Purchases (cost) | 183 | 245 | |||||
Sales and paydowns (cost) | 0 | 0 | |||||
Payment-in-kind interest income | 0 | 0 | |||||
Discount accretion | 0 | 0 | |||||
Net realized gain (loss) | 0 | 0 | |||||
Net unrealized gain (loss) | (582) | 461 | |||||
Fair value at the ending | $ 2,226 | $ 2,625 | 1,919 | ||||
Number of units held | 1,230 | 1,176 | |||||
Investment, Identifier [Axis]: Familia Dental Group Holdings, LLC, Equity Securities, Class A units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[16],[19] | $ 2,625 | |||||
Fair value at the ending | $ 2,226 | [4],[17] | $ 2,625 | [1],[16],[19] | |||
Number of units held | 1,230 | [17],[20] | 1,176 | [16],[19] | |||
Investment, Identifier [Axis]: Florida East Coast Industries, LLC, Junior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[15] | $ 1,784 | |||||
Fair value at the ending | 879 | [4],[12] | $ 1,784 | [1],[15] | |||
Investment, Identifier [Axis]: Florida East Coast Industries, LLC, Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[15] | 619 | |||||
Fair value at the ending | [1],[15] | 619 | |||||
Investment, Identifier [Axis]: Forman Mills, Inc, Senior Secured Loans. 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 6,698 | |||||
Fair value at the ending | [1] | 6,698 | |||||
Investment, Identifier [Axis]: Forman Mills, Inc., Equity Securities, Warrant | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 155 | |||||
Fair value at the ending | [1] | 155 | |||||
Investment, Identifier [Axis]: Forman Mills, Inc., Junior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 955 | |||||
Investment, Identifier [Axis]: Forman Mills, Inc., Senior Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 1,253 | |||||
Fair value at the ending | [1] | 1,253 | |||||
Investment, Identifier [Axis]: GC Champion Acquisition LLC, Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 2,503 | |||||
Fair value at the ending | [1] | 2,503 | |||||
Investment, Identifier [Axis]: GC Champion Acquisition LLC, Senior Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 2,528 | |||||
Investment, Identifier [Axis]: GC Champion Acquisition LLC, Senior Secured Loans 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 702 | |||||
Investment, Identifier [Axis]: GC Champion Acquisition LLC, Senior Secured Loans 3 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 2,125 | |||||
Investment, Identifier [Axis]: GC Champion Acquisition LLC, Senior Secured Loans, Delayed Draw | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8],[9] | 0 | |||||
Fair value at the ending | [1],[8],[9] | 0 | |||||
Investment, Identifier [Axis]: HFZ Capital Group LLC 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 16,159 | ||||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | 0 | ||||||
Payment-in-kind interest income | 0 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | 1,074 | ||||||
Fair value at the ending | 17,233 | 16,159 | |||||
Investment, Identifier [Axis]: HFZ Capital Group LLC 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 5,805 | ||||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | 0 | ||||||
Payment-in-kind interest income | 0 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | 386 | ||||||
Fair value at the ending | 6,191 | 5,805 | |||||
Investment, Identifier [Axis]: HFZ Capital Group LLC, Senior Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[15],[21] | 16,159 | |||||
Fair value at the ending | 17,233 | [4],[12],[20] | 16,159 | [1],[15],[21] | |||
Investment, Identifier [Axis]: HFZ Capital Group LLC, Senior Secured Loans) 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[15],[21] | 5,805 | |||||
Fair value at the ending | 6,191 | [4],[12],[20] | 5,805 | [1],[15],[21] | |||
Investment, Identifier [Axis]: HFZ Capital Group, LLC 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 16,159 | 15,084 | |||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | 0 | ||||||
Payment-in-kind interest income | 0 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | 1,075 | ||||||
Fair value at the ending | 16,159 | 15,084 | |||||
Investment, Identifier [Axis]: HFZ Capital Group, LLC 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 5,805 | 5,420 | |||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | 0 | ||||||
Payment-in-kind interest income | 0 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | 385 | ||||||
Fair value at the ending | 5,805 | 5,420 | |||||
Investment, Identifier [Axis]: HS4 Acquisitionco, Inc. | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 9,769 | |||||
Investment, Identifier [Axis]: HS4 Acquisitionco, Inc. (Revolver) | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[10] | 548 | |||||
Investment, Identifier [Axis]: HS4 Acquisitionco, Inc., Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 9,855 | |||||
Fair value at the ending | [1] | 9,855 | |||||
Investment, Identifier [Axis]: HS4 Acquisitionco, Inc., Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 407 | |||||
Fair value at the ending | [1],[8] | 407 | |||||
Investment, Identifier [Axis]: Hastings Manufacturing Company, Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 2,026 | |||||
Fair value at the ending | [1] | 2,026 | |||||
Investment, Identifier [Axis]: Hastings Manufacturing Company, Senior Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 1,850 | |||||
Investment, Identifier [Axis]: Hastings Manufacturing Company, Senior Secured Loans 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 664 | |||||
Investment, Identifier [Axis]: Hastings Manufacturing Company, Senior Secured Loans 3 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 2,080 | |||||
Investment, Identifier [Axis]: Hastings Manufacturing Company, Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[10] | 0 | |||||
Investment, Identifier [Axis]: IDIG Parent, LLC, Equity Securities, Common stock | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[16],[22] | 324 | |||||
Fair value at the ending | $ 306 | [4],[17],[23] | $ 324 | [1],[16],[22] | |||
Number of units held | 245,958 | [17],[23] | 245,958 | [16],[22] | |||
Investment, Identifier [Axis]: INH Buyer, Inc., Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | $ 2,832 | |||||
Fair value at the ending | 2,936 | [4] | $ 2,832 | [1] | |||
Investment, Identifier [Axis]: InMobi Pte, Ltd, Equity Securities, Warrant | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[12],[24] | 1,695 | |||||
Investment, Identifier [Axis]: InMobi Pte, Ltd., Equity Securities, Warrant | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[15],[25] | 1,816 | |||||
Fair value at the ending | [1],[15],[25] | $ 1,816 | |||||
Percentage of equity interest | [15],[25] | 2.80% | |||||
Investment, Identifier [Axis]: Independence Buyer, Inc., Equity Securities, Class A units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 102 | |||||
Fair value at the ending | $ 56 | [4] | $ 102 | [1] | |||
Number of units held | 81 | ||||||
Investment, Identifier [Axis]: Independence Buyer, Inc., Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | $ 5,866 | |||||
Fair value at the ending | 5,410 | [4] | 5,866 | [1] | |||
Investment, Identifier [Axis]: Independence Buyer, Inc., Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 0 | |||||
Fair value at the ending | 0 | [4],[10] | 0 | [1],[8] | |||
Investment, Identifier [Axis]: J2 BWA Funding LLC, , Equity Securities, Profit sharing | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[15],[16] | 0 | |||||
Fair value at the ending | [1],[15],[16] | 0 | |||||
Investment, Identifier [Axis]: J2 BWA Funding LLC, Equity Securities, Profit sharing | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[12],[17] | 40 | |||||
Investment, Identifier [Axis]: J2 BWA Funding LLC, Senior Secured Loans, Delayed Draw | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8],[9],[15] | 1,298 | |||||
Fair value at the ending | [1],[8],[9],[15] | 1,298 | |||||
Investment, Identifier [Axis]: J2 BWA Funding LLC, Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[10],[12] | 1,578 | |||||
Investment, Identifier [Axis]: KL Moon Acquisition, LLC (fka Spectrum Science Communications, LLC), Equity Securities | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | $ 422 | |||||
Percentage of equity interest | 0.10% | ||||||
Investment, Identifier [Axis]: KL Moon Acquisition, LLC (fka Spectrum Science Communications, LLC), Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | $ 4,975 | |||||
Investment, Identifier [Axis]: KL Moon Acquisition, LLC (fka Spectrum Science Communications, LLC), Senior Secured Loans, Delayed Draw | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[10],[11] | 989 | |||||
Investment, Identifier [Axis]: KL Moon Acquisition, LLC (fka Spectrum Science Communications, LLC), Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[10] | 352 | |||||
Investment, Identifier [Axis]: Kar Wash Holdings, LLC 1, Equity Securities, Class A units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | $ 75 | |||||
Number of units held | 99,807 | ||||||
Investment, Identifier [Axis]: Kar Wash Holdings, LLC, Equity Securities, Class A units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | $ 111 | |||||
Fair value at the ending | [1] | $ 111 | |||||
Number of units held | 99,807 | ||||||
Investment, Identifier [Axis]: Kar Wash Holdings, LLC, Equity Securities, Series A Preferred Stock | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | $ 11 | |||||
Number of units held | 8,619 | ||||||
Investment, Identifier [Axis]: Kar Wash Holdings, LLC, Senior Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | $ 1,585 | |||||
Fair value at the ending | 1,576 | [4] | $ 1,585 | [1] | |||
Investment, Identifier [Axis]: Kar Wash Holdings, LLC, Senior Secured Loans 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 1,135 | |||||
Fair value at the ending | 1,129 | [4] | 1,135 | [1] | |||
Investment, Identifier [Axis]: Kar Wash Holdings, LLC, Senior Secured Loans, Delayed Draw | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8],[9] | 1,782 | |||||
Fair value at the ending | 2,230 | [4],[10],[11] | 1,782 | [1],[8],[9] | |||
Investment, Identifier [Axis]: Kar Wash Holdings, LLC, Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 303 | |||||
Fair value at the ending | 0 | [4],[10] | 303 | [1],[8] | |||
Investment, Identifier [Axis]: Kingsley Gate Partners, LLC (Delayed Draw) | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[10],[11] | 130 | |||||
Investment, Identifier [Axis]: Kingsley Gate Partners, LLC (Revolver) | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[10] | 0 | |||||
Investment, Identifier [Axis]: Kingsley Gate Partners, LLC 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 588 | |||||
Investment, Identifier [Axis]: Kingsley Gate Partners, LLC 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 189 | |||||
Investment, Identifier [Axis]: Kingsley Gate Partners, LLC, Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 588 | |||||
Fair value at the ending | [1] | 588 | |||||
Investment, Identifier [Axis]: Kingsley Gate Partners, LLC, Senior Secured Loans, Delayed Draw 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8],[9] | 0 | |||||
Fair value at the ending | [1],[8],[9] | 0 | |||||
Investment, Identifier [Axis]: Kingsley Gate Partners, LLC, Senior Secured Loans, Delayed Draw 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8],[9] | 0 | |||||
Fair value at the ending | [1],[8],[9] | 0 | |||||
Investment, Identifier [Axis]: Kingsley Gate Partners, LLC, Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 0 | |||||
Fair value at the ending | [1],[8] | 0 | |||||
Investment, Identifier [Axis]: LVF Holdings, Inc., Senior Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 1,437 | |||||
Fair value at the ending | 1,466 | [4] | 1,437 | [1] | |||
Investment, Identifier [Axis]: LVF Holdings, Inc., Senior Secured Loans 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 1,375 | |||||
Fair value at the ending | 1,403 | [4] | 1,375 | [1] | |||
Investment, Identifier [Axis]: LVF Holdings, Inc., Senior Secured Loans Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 152 | |||||
Fair value at the ending | [1],[8] | 152 | |||||
Investment, Identifier [Axis]: LVF Holdings, Inc., Senior Secured Loans, Delayed Draw | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8],[9] | 0 | |||||
Fair value at the ending | [1],[8],[9] | 0 | |||||
Investment, Identifier [Axis]: LVF Holdings, Inc., Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[10] | 0 | |||||
Investment, Identifier [Axis]: LX/JT Intermediate Holdings, Inc. | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 5,394 | |||||
Fair value at the ending | [1] | 5,394 | |||||
Investment, Identifier [Axis]: LX/JT Intermediate Holdings, Inc., Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 0 | |||||
Fair value at the ending | [1],[8] | 0 | |||||
Investment, Identifier [Axis]: Lifted Trucks Holdings, LLC, Equity Securities, Class A units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[16] | 78 | |||||
Fair value at the ending | $ 57 | [4],[17] | $ 78 | [1],[16] | |||
Number of units held | 111,111 | [17] | 111,111 | [16] | |||
Investment, Identifier [Axis]: Lifted Trucks Holdings, LLC, Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | $ 6,840 | |||||
Fair value at the ending | 6,682 | [4] | $ 6,840 | [1] | |||
Investment, Identifier [Axis]: Lifted Trucks Holdings, LLC, Senior Secured Loans, Delayed Draw | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8],[9] | 0 | |||||
Fair value at the ending | [1],[8],[9] | 0 | |||||
Investment, Identifier [Axis]: Lifted Trucks Holdings, LLC, Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 0 | |||||
Fair value at the ending | 541 | [4],[10] | 0 | [1],[8] | |||
Investment, Identifier [Axis]: Liftforward SPV II, LLC, Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[15] | 403 | |||||
Fair value at the ending | 233 | [4],[12] | 403 | [1],[15] | |||
Investment, Identifier [Axis]: Luxury Optical Holdings Co., Equity Securities | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[26] | 209 | |||||
Fair value at the ending | [1],[26] | 209 | |||||
Investment, Identifier [Axis]: M R C C Senior Loan Fund I, L L C, Equity Securities | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 35,509 | ||||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | 0 | ||||||
Payment-in-kind interest income | 0 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | (2,387) | ||||||
Fair value at the ending | 33,122 | 35,509 | |||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 8,421 | 7,154 | |||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | 0 | ||||||
Payment-in-kind interest income | 1,267 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | 0 | ||||||
Fair value at the ending | 8,421 | 7,154 | |||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 8,421 | ||||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | 0 | ||||||
Payment-in-kind interest income | 1,816 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | 0 | ||||||
Fair value at the ending | 10,237 | 8,421 | |||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 1,000 | ||||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 1,586 | ||||||
Sales and paydowns (cost) | 0 | ||||||
Payment-in-kind interest income | 465 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | 0 | ||||||
Fair value at the ending | 3,051 | 1,000 | |||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC, Delayed Draw | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 1,000 | 850 | |||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | 0 | ||||||
Payment-in-kind interest income | 150 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | 0 | ||||||
Fair value at the ending | 1,000 | 850 | |||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC, Equity Interest | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 1,291 | ||||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | 0 | ||||||
Payment-in-kind interest income | 0 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | (246) | ||||||
Fair value at the ending | $ 1,045 | 1,291 | |||||
Percentage of equity interest | 15.90% | ||||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC, Equity Securities | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[15],[16],[21] | $ 1,291 | |||||
Fair value at the ending | $ 1,045 | [4],[12],[17],[20] | $ 1,291 | [1],[15],[16],[21] | |||
Percentage of equity interest | 15.90% | [12],[17],[20] | 15.90% | [15],[16],[21] | |||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC, Equity interest | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | $ 1,291 | $ 644 | |||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | 0 | ||||||
Payment-in-kind interest income | 0 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | 647 | ||||||
Fair value at the ending | $ 1,291 | 644 | |||||
Percentage of equity interest | 15.90% | ||||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC, Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[15],[21] | 8,421 | |||||
Fair value at the ending | [1],[15],[21] | $ 8,421 | |||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC, Senior Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[12],[20] | 10,237 | |||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC, Senior Secured Loans 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[12],[20] | 3,051 | |||||
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC, Senior Secured Loans, Delayed Draw | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8],[9],[15],[21] | 1,000 | |||||
Fair value at the ending | [1],[8],[9],[15],[21] | 1,000 | |||||
Investment, Identifier [Axis]: MCP Shaw Acquisitionco, LLC, Equity Securities, Class A-2 units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[16] | 204 | |||||
Fair value at the ending | [1],[16] | $ 204 | |||||
Number of units held | [16] | 118,906 | |||||
Investment, Identifier [Axis]: MCP Shaw Acquisitionco, LLC, Senior Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 9,736 | |||||
Fair value at the ending | [1] | $ 9,736 | |||||
Investment, Identifier [Axis]: MCP Shaw Acquisitionco, LLC, Senior Secured Loans 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 2,977 | |||||
Fair value at the ending | [1] | 2,977 | |||||
Investment, Identifier [Axis]: MCP Shaw Acquisitionco, LLC, Senior Secured Loans 3 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 979 | |||||
Fair value at the ending | [1] | 979 | |||||
Investment, Identifier [Axis]: MCP Shaw Acquisitionco, LLC, Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 0 | |||||
Fair value at the ending | [1],[8] | 0 | |||||
Investment, Identifier [Axis]: MEI Buyer LLC , Senior Secured Loans, Delayed Draw | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[10],[11] | 0 | |||||
Investment, Identifier [Axis]: MEI Buyer LLC, Equity Securities, Common stock | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | $ 158 | |||||
Number of units held | 155 | ||||||
Investment, Identifier [Axis]: MEI Buyer LLC, Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | $ 2,035 | |||||
Investment, Identifier [Axis]: MEI Buyer LLC, Senior Secured Loans Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[10] | 7 | |||||
Investment, Identifier [Axis]: MRCC Senior Loan Fund I, LLC | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 35,509 | 41,125 | |||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 500 | ||||||
Sales and paydowns (cost) | 0 | ||||||
Payment-in-kind interest income | 0 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | (6,116) | ||||||
Fair value at the ending | 35,509 | 41,125 | |||||
Investment, Identifier [Axis]: MRCC Senior Loan Fund I, LLC, Equity Securities | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[15] | 35,509 | |||||
Fair value at the ending | $ 33,122 | [4],[12] | $ 35,509 | [1],[15] | |||
Percentage of equity interest | 50% | [12] | 50% | [15] | |||
Investment, Identifier [Axis]: MV Receivables II, LLC, Equity Securities, Common units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[15],[16] | $ 1,154 | |||||
Fair value at the ending | $ 0 | [4],[12],[17] | $ 1,154 | [1],[15],[16] | |||
Number of units held | 1,458 | [12],[17] | 1,458 | [15],[16] | |||
Investment, Identifier [Axis]: MV Receivables II, LLC, Equity Securities, Warrant | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[15],[16] | $ 1,655 | |||||
Fair value at the ending | 0 | [4],[12],[17] | $ 1,655 | [1],[15],[16] | |||
Investment, Identifier [Axis]: MV Receivables II, LLC, Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[15] | 7,968 | |||||
Fair value at the ending | 7,695 | [4],[12] | 7,968 | [1],[15] | |||
Investment, Identifier [Axis]: Mammoth Holdings, LLC, Senior Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 1,917 | |||||
Fair value at the ending | [1] | 1,917 | |||||
Investment, Identifier [Axis]: Mammoth Holdings, LLC, Senior Secured Loans 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 4,025 | |||||
Fair value at the ending | [1] | 4,025 | |||||
Investment, Identifier [Axis]: Mammoth Holdings, LLC, Senior Secured Loans 3 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 6,282 | |||||
Fair value at the ending | [1] | 6,282 | |||||
Investment, Identifier [Axis]: Mammoth Holdings, LLC, Senior Secured Loans 4 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 1,630 | |||||
Fair value at the ending | [1] | 1,630 | |||||
Investment, Identifier [Axis]: Mammoth Holdings, LLC, Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 0 | |||||
Fair value at the ending | [1],[8] | 0 | |||||
Investment, Identifier [Axis]: MarkLogic Corporation, Equity Securities, Class A units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 426 | |||||
Fair value at the ending | [1] | $ 426 | |||||
Number of units held | 290,239 | ||||||
Investment, Identifier [Axis]: MarkLogic Corporation, Senior Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 3,414 | |||||
Fair value at the ending | [1] | $ 3,414 | |||||
Investment, Identifier [Axis]: MarkLogic Corporation, Senior Secured Loans 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 318 | |||||
Fair value at the ending | [1] | 318 | |||||
Investment, Identifier [Axis]: MarkLogic Corporation, Senior Secured Loans 3 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 2,656 | |||||
Fair value at the ending | [1] | 2,656 | |||||
Investment, Identifier [Axis]: MarkLogic Corporation, Senior Secured Loans 4 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 213 | |||||
Fair value at the ending | [1] | 213 | |||||
Investment, Identifier [Axis]: MarkLogic Corporation, Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 0 | |||||
Fair value at the ending | [1],[8] | 0 | |||||
Investment, Identifier [Axis]: Medallia, Inc., Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 2,041 | |||||
Fair value at the ending | 2,141 | [4] | 2,041 | [1] | |||
Investment, Identifier [Axis]: Mindbody, Inc., Senior Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 6,526 | |||||
Fair value at the ending | 6,536 | [4] | 6,526 | [1] | |||
Investment, Identifier [Axis]: Mindbody, Inc., Senior Secured Loans 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 673 | |||||
Fair value at the ending | 474 | [4] | 673 | [1] | |||
Investment, Identifier [Axis]: Mindbody, Inc., Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 0 | |||||
Fair value at the ending | 0 | [4],[10] | 0 | [1],[8] | |||
Investment, Identifier [Axis]: Mnine Holdings, Inc. | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 0 | ||||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 105 | ||||||
Sales and paydowns (cost) | (52) | ||||||
Payment-in-kind interest income | 2 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | 0 | ||||||
Fair value at the ending | 55 | 0 | |||||
Investment, Identifier [Axis]: Mnine Holdings, Inc. 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 5,492 | ||||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | 0 | ||||||
Payment-in-kind interest income | 775 | ||||||
Discount accretion | 14 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | (94) | ||||||
Fair value at the ending | 6,187 | 5,492 | |||||
Investment, Identifier [Axis]: Mnine Holdings, Inc. 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 0 | ||||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | 0 | ||||||
Payment-in-kind interest income | 0 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | 0 | ||||||
Fair value at the ending | 0 | 0 | |||||
Investment, Identifier [Axis]: Mnine Holdings, Inc. Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 5,492 | 5,771 | |||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | (22) | ||||||
Payment-in-kind interest income | 320 | ||||||
Discount accretion | 14 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | (591) | ||||||
Fair value at the ending | 5,492 | 5,771 | |||||
Investment, Identifier [Axis]: Mnine Holdings, Inc., Class B units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 0 | 0 | |||||
Transfers in (out) | 0 | 0 | |||||
Purchases (cost) | 0 | 0 | |||||
Sales and paydowns (cost) | 0 | 0 | |||||
Payment-in-kind interest income | 0 | 0 | |||||
Discount accretion | 0 | 0 | |||||
Net realized gain (loss) | 0 | 0 | |||||
Net unrealized gain (loss) | 0 | 0 | |||||
Fair value at the ending | $ 0 | $ 0 | 0 | ||||
Number of units held | 6,400 | 6,400 | |||||
Investment, Identifier [Axis]: Mnine Holdings, Inc., Equity Securities, Class B units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | $ 0 | |||||
Fair value at the ending | $ 0 | [4] | $ 0 | [1] | |||
Number of units held | 6,400 | 6,400 | |||||
Investment, Identifier [Axis]: Mnine Holdings, Inc., Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | $ 214 | $ 0 | |||||
Transfers in (out) | 0 | 0 | |||||
Purchases (cost) | 441 | 587 | |||||
Sales and paydowns (cost) | 0 | (374) | |||||
Payment-in-kind interest income | 11 | 1 | |||||
Discount accretion | 0 | 0 | |||||
Net realized gain (loss) | 0 | 0 | |||||
Net unrealized gain (loss) | (8) | 0 | |||||
Fair value at the ending | 658 | 214 | 0 | ||||
Investment, Identifier [Axis]: Mnine Holdings, Inc., Revolver, Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[10] | 658 | |||||
Investment, Identifier [Axis]: Mnine Holdings, Inc., Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 5,492 | |||||
Fair value at the ending | [1] | 5,492 | |||||
Investment, Identifier [Axis]: Mnine Holdings, Inc., Senior Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 6,187 | |||||
Investment, Identifier [Axis]: Mnine Holdings, Inc., Senior Secured Loans 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 55 | |||||
Investment, Identifier [Axis]: Mnine Holdings, Inc., Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 214 | |||||
Fair value at the ending | [1],[8] | 214 | |||||
Investment, Identifier [Axis]: MoneyLion, Inc., Junior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[12] | 4,918 | |||||
Investment, Identifier [Axis]: MoneyLion, Inc., Junior Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[15] | 5,165 | |||||
Fair value at the ending | [1],[15] | 5,165 | |||||
Investment, Identifier [Axis]: MoneyLion, Inc., Junior Secured Loans 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[15] | 1,498 | |||||
Fair value at the ending | [1],[15] | 1,498 | |||||
Investment, Identifier [Axis]: MoneyLion, Inc., Junior Secured Loans, Delayed Draw | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8],[9],[15] | 0 | |||||
Fair value at the ending | [1],[8],[9],[15] | 0 | |||||
Investment, Identifier [Axis]: NCBP Property, LLC, Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[15] | 1,955 | |||||
Fair value at the ending | [1],[15] | 1,955 | |||||
Investment, Identifier [Axis]: NECB Collections, LLC, Equity Securities | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[16] | 0 | |||||
Fair value at the ending | $ 0 | [4],[17] | $ 0 | [1],[16] | |||
Percentage of equity interest | 20.80% | [17] | 20.80% | [16] | |||
Investment, Identifier [Axis]: NECB Collections, LLC, LLC, Units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | $ 0 | $ 0 | |||||
Transfers in (out) | 0 | 0 | |||||
Purchases (cost) | 0 | 0 | |||||
Sales and paydowns (cost) | 0 | 0 | |||||
Payment-in-kind interest income | 0 | 0 | |||||
Discount accretion | 0 | 0 | |||||
Net realized gain (loss) | 0 | 0 | |||||
Net unrealized gain (loss) | 0 | 0 | |||||
Fair value at the ending | $ 0 | $ 0 | 0 | ||||
Percentage of equity interest | 20.80% | 20.80% | |||||
Investment, Identifier [Axis]: NECB Collections, LLC, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | $ 382 | $ 632 | |||||
Transfers in (out) | 0 | 0 | |||||
Purchases (cost) | 0 | 0 | |||||
Sales and paydowns (cost) | 0 | 0 | |||||
Payment-in-kind interest income | 0 | 0 | |||||
Discount accretion | 0 | 0 | |||||
Net realized gain (loss) | 0 | 0 | |||||
Net unrealized gain (loss) | 42 | (250) | |||||
Fair value at the ending | 424 | 382 | 632 | ||||
Investment, Identifier [Axis]: NECB Collections, LLC, Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 382 | |||||
Fair value at the ending | 424 | [4],[10] | 382 | [1],[8] | |||
Investment, Identifier [Axis]: NQ PE Project Colosseum Midco Inc., Equity Securities, Common units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 327 | |||||
Fair value at the ending | [1] | $ 327 | |||||
Number of units held | 327,133 | ||||||
Investment, Identifier [Axis]: NQ PE Project Colosseum Midco Inc., Equity Securities, Common units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | $ 326 | |||||
Number of units held | 327,133 | ||||||
Investment, Identifier [Axis]: NQ PE Project Colosseum Midco Inc., Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | $ 3,430 | |||||
Fair value at the ending | 3,500 | [4] | $ 3,430 | [1] | |||
Investment, Identifier [Axis]: NQ PE Project Colosseum Midco Inc., Senior Secured Loans, Delayed Draw | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[10],[11] | 0 | |||||
Investment, Identifier [Axis]: NQ PE Project Colosseum Midco Inc., Senior Secured Loans, Delayed Draw) | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8],[9] | 0 | |||||
Fair value at the ending | [1],[8],[9] | 0 | |||||
Investment, Identifier [Axis]: NQ PE Project Colosseum Midco Inc., Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 0 | |||||
Fair value at the ending | 0 | [4],[10] | 0 | [1],[8] | |||
Investment, Identifier [Axis]: NationsBenefits, LLC, Equity Securities, Common units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[16] | 66 | |||||
Fair value at the ending | $ 0 | [4],[17] | $ 66 | [1],[16] | |||
Number of units held | 106,667 | [17] | 106,667 | [16] | |||
Investment, Identifier [Axis]: NationsBenefits, LLC, Equity Securities, Series B units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[16] | $ 934 | |||||
Fair value at the ending | $ 706 | [4],[17] | $ 934 | [1],[16] | |||
Number of units held | 116,460 | [17] | 116,460 | [16] | |||
Investment, Identifier [Axis]: NationsBenefits, LLC, Senior Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | $ 4,039 | |||||
Fair value at the ending | 3,951 | [4] | $ 4,039 | [1] | |||
Investment, Identifier [Axis]: NationsBenefits, LLC, Senior Secured Loans 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 4,813 | |||||
Fair value at the ending | 4,708 | [4] | 4,813 | [1] | |||
Investment, Identifier [Axis]: NationsBenefits, LLC, Senior Secured Loans 3 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 5,104 | |||||
Investment, Identifier [Axis]: NationsBenefits, LLC, Senior Secured Loans, Delayed Draw | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8],[9] | 961 | |||||
Fair value at the ending | [1],[8],[9] | 961 | |||||
Investment, Identifier [Axis]: NationsBenefits, LLC, Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 889 | |||||
Fair value at the ending | 889 | [4],[10] | 889 | [1],[8] | |||
Investment, Identifier [Axis]: Nearly Natural, Inc. , Senior Secured Loans3 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 2,787 | |||||
Fair value at the ending | [1] | 2,787 | |||||
Investment, Identifier [Axis]: Nearly Natural, Inc. 2, Equity Securities, Class AA units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | $ 28 | |||||
Number of units held | 61,087 | ||||||
Investment, Identifier [Axis]: Nearly Natural, Inc., Equity Securities Class A units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | $ 0 | |||||
Fair value at the ending | [1] | $ 0 | |||||
Number of units held | 152,174 | ||||||
Investment, Identifier [Axis]: Nearly Natural, Inc., Equity Securities Class AA units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 0 | |||||
Fair value at the ending | [1] | $ 0 | |||||
Number of units held | 61,087 | ||||||
Investment, Identifier [Axis]: Nearly Natural, Inc., Senior Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 5,931 | |||||
Fair value at the ending | 6,270 | [4] | $ 5,931 | [1] | |||
Investment, Identifier [Axis]: Nearly Natural, Inc., Senior Secured Loans 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 1,534 | |||||
Fair value at the ending | 1,625 | [4] | 1,534 | [1] | |||
Investment, Identifier [Axis]: Nearly Natural, Inc., Senior Secured Loans 3 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 2,957 | |||||
Investment, Identifier [Axis]: Nearly Natural, Inc., Senior Secured Loans 4 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 1,672 | |||||
Fair value at the ending | 1,770 | [4] | 1,672 | [1] | |||
Investment, Identifier [Axis]: Nearly Natural, Inc., Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 2,241 | |||||
Fair value at the ending | 2,532 | [4] | 2,241 | [1] | |||
Investment, Identifier [Axis]: Nearly Natural, Inc.1, Equity Securities, Class A units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | $ 0 | |||||
Number of units held | 152,174 | ||||||
Investment, Identifier [Axis]: Newforma, Inc., Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | $ 938 | |||||
Fair value at the ending | [1] | 938 | |||||
Investment, Identifier [Axis]: Newforma, Inc., Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 0 | |||||
Fair value at the ending | [1],[8] | 0 | |||||
Investment, Identifier [Axis]: North Haven USHC Acquisition, Inc., Senior Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 2,448 | |||||
Fair value at the ending | 2,399 | [4] | 2,448 | [1] | |||
Investment, Identifier [Axis]: North Haven USHC Acquisition, Inc., Senior Secured Loans 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 2,575 | |||||
Fair value at the ending | 2,528 | [4] | 2,575 | [1] | |||
Investment, Identifier [Axis]: North Haven USHC Acquisition, Inc., Senior Secured Loans 3 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 709 | |||||
Fair value at the ending | 695 | [4] | 709 | [1] | |||
Investment, Identifier [Axis]: North Haven USHC Acquisition, Inc., Senior Secured Loans 4 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 1,433 | |||||
Fair value at the ending | 1,404 | [4] | 1,433 | [1] | |||
Investment, Identifier [Axis]: North Haven USHC Acquisition, Inc., Senior Secured Loans Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 187 | |||||
Fair value at the ending | [1],[8] | 187 | |||||
Investment, Identifier [Axis]: North Haven USHC Acquisition, Inc., Senior Secured Loans, Delayed Draw | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8],[9] | 0 | |||||
Fair value at the ending | 353 | [4],[10],[11] | 0 | [1],[8],[9] | |||
Investment, Identifier [Axis]: North Haven USHC Acquisition, Inc., Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[10] | 103 | |||||
Investment, Identifier [Axis]: Oceana Australian Fixed Income Trust, Senior Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[15],[25],[27] | 3,084 | |||||
Fair value at the ending | [1],[15],[25],[27] | 3,084 | |||||
Investment, Identifier [Axis]: Oceana Australian Fixed Income Trust, Senior Secured Loans 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[15],[25],[27] | 7,321 | |||||
Fair value at the ending | [1],[15],[25],[27] | 7,321 | |||||
Investment, Identifier [Axis]: Onit, Inc., Unitranche Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 1,663 | |||||
Fair value at the ending | 1,680 | [4] | 1,663 | [1] | |||
Investment, Identifier [Axis]: PKS Holdings, LLC, Equity Securities, Preferred units 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[15] | 298 | |||||
Fair value at the ending | $ 251 | [4],[12] | $ 298 | [1],[15] | |||
Number of units held | 5,680 | [12] | 5,680 | [15] | |||
Investment, Identifier [Axis]: PKS Holdings, LLC, Equity Securities, Preferred units 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[15] | $ 46 | |||||
Fair value at the ending | $ 39 | [4],[12] | $ 46 | [1],[15] | |||
Number of units held | 5,714 | [12] | 5,714 | [15] | |||
Investment, Identifier [Axis]: PKS Holdings, LLC, Equity Securities, Preferred units 3 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[15] | $ 7 | |||||
Fair value at the ending | $ 6 | [4],[12] | $ 7 | [1],[15] | |||
Number of units held | 132 | [12] | 132 | [15] | |||
Investment, Identifier [Axis]: PKS Holdings, LLC, Equity Securities, Preferred units 4 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[15] | $ 46 | |||||
Fair value at the ending | $ 39 | [4],[12] | $ 46 | [1],[15] | |||
Number of units held | 916 | [12] | 916 | [15] | |||
Investment, Identifier [Axis]: Panda Acquisition, LLC, Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | $ 3,690 | |||||
Fair value at the ending | 3,707 | [4] | $ 3,690 | [1] | |||
Investment, Identifier [Axis]: Planful, Inc., Equity Securities, Class A units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 563 | |||||
Fair value at the ending | $ 942 | [4] | $ 563 | [1] | |||
Number of units held | 473,082 | 473,082 | |||||
Investment, Identifier [Axis]: Planful, Inc., Equity Securities, Class B units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | $ 23 | |||||
Number of units held | 35,791 | ||||||
Investment, Identifier [Axis]: Planful, Inc., Senior Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | $ 9,443 | |||||
Fair value at the ending | 9,500 | [4] | $ 9,443 | [1] | |||
Investment, Identifier [Axis]: Planful, Inc., Senior Secured Loans 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 527 | |||||
Fair value at the ending | 530 | [4] | 527 | [1] | |||
Investment, Identifier [Axis]: Planful, Inc., Senior Secured Loans 3 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 1,318 | |||||
Fair value at the ending | 1,326 | [4] | 1,318 | [1] | |||
Investment, Identifier [Axis]: Planful, Inc., Senior Secured Loans 4 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 878 | |||||
Fair value at the ending | 884 | [4] | 878 | [1] | |||
Investment, Identifier [Axis]: Planful, Inc., Senior Secured Loans 5 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 708 | |||||
Investment, Identifier [Axis]: Planful, Inc., Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 439 | |||||
Fair value at the ending | 442 | [4] | 439 | [1] | |||
Investment, Identifier [Axis]: Prototek LLC | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 2,380 | |||||
Investment, Identifier [Axis]: Prototek LLC (Revolver) | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[10] | 0 | |||||
Investment, Identifier [Axis]: Prototek LLC, Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 2,425 | |||||
Fair value at the ending | [1] | 2,425 | |||||
Investment, Identifier [Axis]: Prototek LLC, Senior Secured Loans, Delayed Draw | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8],[9] | 0 | |||||
Fair value at the ending | [1],[8],[9] | 0 | |||||
Investment, Identifier [Axis]: Prototek LLC, Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 0 | |||||
Fair value at the ending | [1],[8] | 0 | |||||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC Senior Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 972 | |||||
Fair value at the ending | [1] | 972 | |||||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC Senior Secured Loans 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 1,067 | |||||
Fair value at the ending | [1] | 1,067 | |||||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC Senior Secured Loans 3 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 3,781 | |||||
Fair value at the ending | [1] | 3,781 | |||||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC, (Delayed Draw) | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8],[9] | 381 | |||||
Fair value at the ending | [1],[8],[9] | 381 | |||||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC, Equity Securities, Warrant 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 210 | |||||
Fair value at the ending | 257 | [4] | 210 | [1] | |||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC, Equity Securities, Warrant 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 147 | |||||
Fair value at the ending | 180 | [4] | 147 | [1] | |||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC, Senior Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 857 | |||||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC, Senior Secured Loans 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 941 | |||||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC, Senior Secured Loans 3 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 3,326 | |||||
Investment, Identifier [Axis]: Quest Resource Management Group, LLC, Senior Secured Loans 4 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 335 | |||||
Investment, Identifier [Axis]: Recorded Future, Inc, Equity Securities Class A units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[28] | $ 261 | |||||
Number of units held | [28] | 80,486 | |||||
Investment, Identifier [Axis]: Recorded Future, Inc., Equity Securities, Class A units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[29] | $ 225 | |||||
Fair value at the ending | [1],[29] | $ 225 | |||||
Number of units held | [29] | 80,486 | |||||
Investment, Identifier [Axis]: Recycled Plastics Industries, LLC, Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 3,370 | |||||
Fair value at the ending | 2,776 | [4] | $ 3,370 | [1] | |||
Investment, Identifier [Axis]: Recycled Plastics Industries, LLC, Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 0 | |||||
Fair value at the ending | 0 | [4],[10] | 0 | [1],[8] | |||
Investment, Identifier [Axis]: Relativity ODA LLC | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 2,105 | |||||
Investment, Identifier [Axis]: Relativity ODA LLC, Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 2,060 | |||||
Fair value at the ending | [1] | 2,060 | |||||
Investment, Identifier [Axis]: Relativity ODA LLC, Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 0 | |||||
Fair value at the ending | 0 | [4],[10] | 0 | [1],[8] | |||
Investment, Identifier [Axis]: Relevate Health Group, LLC , Equity Securities, Class B common units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | $ 0 | |||||
Number of units held | 40 | ||||||
Investment, Identifier [Axis]: Relevate Health Group, LLC , Equity Securities, Preferred units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | $ 19 | |||||
Number of units held | 40 | ||||||
Investment, Identifier [Axis]: Relevate Health Group, LLC, Equity Securities, Class B common units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | $ 0 | |||||
Fair value at the ending | [1] | $ 0 | |||||
Number of units held | 40 | ||||||
Investment, Identifier [Axis]: Relevate Health Group, LLC, Equity Securities, Preferred units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 36 | |||||
Fair value at the ending | [1] | $ 36 | |||||
Number of units held | 40 | ||||||
Investment, Identifier [Axis]: Relevate Health Group, LLC, Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 1,449 | |||||
Fair value at the ending | [1] | $ 1,449 | |||||
Investment, Identifier [Axis]: Relevate Health Group, LLC, Senior Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 1,445 | |||||
Investment, Identifier [Axis]: Relevate Health Group, LLC, Senior Secured Loans 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 647 | |||||
Investment, Identifier [Axis]: Relevate Health Group, LLC, Senior Secured Loans Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 0 | |||||
Fair value at the ending | [1],[8] | 0 | |||||
Investment, Identifier [Axis]: Relevate Health Group, LLC, Senior Secured Loans, Delayed Draw | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8],[9] | 648 | |||||
Fair value at the ending | [1],[8],[9] | 648 | |||||
Investment, Identifier [Axis]: Relevate Health Group, LLC, Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[10] | 84 | |||||
Investment, Identifier [Axis]: Rockdale Blackhawk, LLC, Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[30] | 557 | |||||
Fair value at the ending | [1],[30] | 557 | |||||
Investment, Identifier [Axis]: SFR Holdco, LLC, Equity Securities | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[15] | 3,900 | |||||
Fair value at the ending | $ 4,372 | [4],[12] | $ 3,900 | [1],[15] | |||
Percentage of equity interest | 24.40% | [12] | 24.40% | [15] | |||
Investment, Identifier [Axis]: SFR Holdco, LLC, Equity interests | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | $ 3,900 | ||||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | 0 | ||||||
Payment-in-kind interest income | 0 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | 472 | ||||||
Fair value at the ending | $ 4,372 | $ 3,900 | |||||
Percentage of equity interest | 24.40% | ||||||
Investment, Identifier [Axis]: SFR Holdco, LLC, Junior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[15] | $ 5,850 | |||||
Fair value at the ending | 5,539 | [4],[12] | 5,850 | [1],[15] | |||
Investment, Identifier [Axis]: SFR Holdco, LLC, Junior secured loan | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 5,850 | ||||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | 0 | ||||||
Payment-in-kind interest income | 0 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | (311) | ||||||
Fair value at the ending | 5,539 | 5,850 | |||||
Investment, Identifier [Axis]: SFR Holding, LLC, Equity interests | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 3,900 | 3,900 | |||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | 0 | ||||||
Payment-in-kind interest income | 0 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | 0 | ||||||
Fair value at the ending | $ 3,900 | 3,900 | |||||
Percentage of equity interest | 24.40% | ||||||
Investment, Identifier [Axis]: SFR Holdings, LLC, Junior secured loan | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 5,850 | $ 5,850 | |||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | 0 | ||||||
Payment-in-kind interest income | 0 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | 0 | ||||||
Fair value at the ending | 5,850 | 5,850 | |||||
Investment, Identifier [Axis]: Second Avenue SFR Holdings II LLC, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 4,755 | 2,104 | |||||
Transfers in (out) | 0 | 0 | |||||
Purchases (cost) | 0 | 2,681 | |||||
Sales and paydowns (cost) | (1,462) | 0 | |||||
Payment-in-kind interest income | 0 | 0 | |||||
Discount accretion | 0 | 0 | |||||
Net realized gain (loss) | 0 | 0 | |||||
Net unrealized gain (loss) | 30 | (30) | |||||
Fair value at the ending | 3,323 | 4,755 | 2,104 | ||||
Investment, Identifier [Axis]: Second Avenue SFR Holdings II LLC, Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8],[15] | 4,755 | |||||
Fair value at the ending | 3,323 | [4],[10],[12] | 4,755 | [1],[8],[15] | |||
Investment, Identifier [Axis]: Security Services Acquisition Sub Corp., Senior Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 3,372 | |||||
Fair value at the ending | 3,341 | [4] | 3,372 | [1] | |||
Investment, Identifier [Axis]: Security Services Acquisition Sub Corp., Senior Secured Loans 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 2,425 | |||||
Fair value at the ending | 2,403 | [4] | 2,425 | [1] | |||
Investment, Identifier [Axis]: Security Services Acquisition Sub Corp., Senior Secured Loans 3 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 7,884 | |||||
Fair value at the ending | 7,812 | [4] | 7,884 | [1] | |||
Investment, Identifier [Axis]: Security Services Acquisition Sub Corp., Senior Secured Loans 4 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 2,131 | |||||
Fair value at the ending | 2,111 | [4] | 2,131 | [1] | |||
Investment, Identifier [Axis]: Security Services Acquisition Sub Corp., Senior Secured Loans 5 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 1,532 | |||||
Fair value at the ending | 1,518 | [4] | 1,532 | [1] | |||
Investment, Identifier [Axis]: Seran BioScience, LLC, Equity Securities, Common units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[16] | 537 | |||||
Fair value at the ending | $ 755 | [4],[17] | $ 537 | [1],[16] | |||
Number of units held | 33,333 | [17] | 33,333 | [16] | |||
Investment, Identifier [Axis]: Seran BioScience, LLC, Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | $ 2,435 | |||||
Fair value at the ending | [1] | $ 2,435 | |||||
Investment, Identifier [Axis]: Seran BioScience, LLC, Senior Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 2,431 | |||||
Investment, Identifier [Axis]: Seran BioScience, LLC, Senior Secured Loans 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 2,757 | |||||
Investment, Identifier [Axis]: Seran BioScience, LLC, Senior Secured Loans Delayed Draw | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8],[9] | 1,320 | |||||
Fair value at the ending | [1],[8],[9] | 1,320 | |||||
Investment, Identifier [Axis]: Seran BioScience, LLC, Senior Secured Loans, Delayed Draw | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[10],[11] | 333 | |||||
Investment, Identifier [Axis]: Seran BioScience, LLC, Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 0 | |||||
Fair value at the ending | 0 | [4],[10] | 0 | [1],[8] | |||
Investment, Identifier [Axis]: ServiceMax, Inc., Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[15] | 3,884 | |||||
Fair value at the ending | [1],[15] | 3,884 | |||||
Investment, Identifier [Axis]: ServiceMax, Inc., Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8],[15] | 175 | |||||
Fair value at the ending | [1],[8],[15] | 175 | |||||
Investment, Identifier [Axis]: Sparq Holdings, Inc., Equity Securities, Common stock | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | $ 312 | |||||
Number of units held | 300,000 | ||||||
Investment, Identifier [Axis]: Sparq Holdings, Inc., Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | $ 1,011 | |||||
Investment, Identifier [Axis]: Sparq Holdings, Inc., Senior Secured Loans, Delayed Draw | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[10],[11] | 0 | |||||
Investment, Identifier [Axis]: Sparq Holdings, Inc., Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[10] | 0 | |||||
Investment, Identifier [Axis]: Spectrum Science Communications, LLC, Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 1,005 | |||||
Fair value at the ending | [1] | 1,005 | |||||
Investment, Identifier [Axis]: Spectrum Science Communications, LLC, Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 0 | |||||
Fair value at the ending | [1],[8] | 0 | |||||
Investment, Identifier [Axis]: Spherix Global Inc., Equity Securities, Class A units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 63 | |||||
Fair value at the ending | $ 34 | [4] | $ 63 | [1] | |||
Number of units held | 81 | 81 | |||||
Investment, Identifier [Axis]: Spherix Global Inc., Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | $ 1,088 | |||||
Fair value at the ending | 1,048 | [4] | $ 1,088 | [1] | |||
Investment, Identifier [Axis]: Spherix Global Inc., Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 0 | |||||
Fair value at the ending | 0 | [4],[10] | 0 | [1],[8] | |||
Investment, Identifier [Axis]: Sports Operating Holdings II, LLC, Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 2,918 | |||||
Fair value at the ending | 2,963 | [4] | 2,918 | [1] | |||
Investment, Identifier [Axis]: Sports Operating Holdings II, LLC, Senior Secured Loans, Delayed Draw | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8],[9] | 0 | |||||
Fair value at the ending | 241 | [4],[10],[11] | 0 | [1],[8],[9] | |||
Investment, Identifier [Axis]: Sports Operating Holdings II, LLC, Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 0 | |||||
Fair value at the ending | 0 | [4],[10] | 0 | [1],[8] | |||
Investment, Identifier [Axis]: StarCompliance MidCo, LLC, Senior Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 1,968 | |||||
Fair value at the ending | 1,993 | [4] | 1,968 | [1] | |||
Investment, Identifier [Axis]: StarCompliance MidCo, LLC, Senior Secured Loans 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 330 | |||||
Fair value at the ending | 334 | [4] | 330 | [1] | |||
Investment, Identifier [Axis]: StarCompliance MidCo, LLC, Senior Secured Loans 3 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 255 | |||||
Investment, Identifier [Axis]: StarCompliance MidCo, LLC, Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 79 | |||||
Fair value at the ending | 190 | [4],[10] | 79 | [1],[8] | |||
Investment, Identifier [Axis]: TCFIII OWL Buyer LLC, Senior Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 2,022 | |||||
Fair value at the ending | 1,994 | [4] | 2,022 | [1] | |||
Investment, Identifier [Axis]: TCFIII OWL Buyer LLC, Senior Secured Loans 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 2,469 | |||||
Fair value at the ending | 2,434 | [4] | 2,469 | [1] | |||
Investment, Identifier [Axis]: TCFIII OWL Buyer LLC, Senior Secured Loans 3 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 2,215 | |||||
Fair value at the ending | 2,185 | [4] | 2,215 | [1] | |||
Investment, Identifier [Axis]: TJ Management HoldCo LLC, Common stock | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 2,766 | ||||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | 0 | ||||||
Payment-in-kind interest income | 0 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | 463 | ||||||
Fair value at the ending | $ 3,229 | 2,766 | |||||
Number of units held | 16 | ||||||
Investment, Identifier [Axis]: TJ Management HoldCo LLC, Equity Securities, Common stock | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[16] | $ 2,766 | |||||
Fair value at the ending | $ 3,229 | [4],[17] | $ 2,766 | [1],[16] | |||
Number of units held | 16 | [17] | 16 | [16] | |||
Investment, Identifier [Axis]: TJ Management HoldCo LLC, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | $ 80 | ||||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | (80) | ||||||
Payment-in-kind interest income | 0 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | 0 | ||||||
Fair value at the ending | 0 | $ 80 | |||||
Investment, Identifier [Axis]: TJ Management HoldCo LLC, Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 80 | |||||
Fair value at the ending | 0 | [4],[10] | 80 | [1],[8] | |||
Investment, Identifier [Axis]: TJ Management HoldCo, LLC (Revolver) | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 80 | 0 | |||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 80 | ||||||
Sales and paydowns (cost) | 0 | ||||||
Payment-in-kind interest income | 0 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | 0 | ||||||
Fair value at the ending | 80 | 0 | |||||
Investment, Identifier [Axis]: TJ Management HoldCo, LLC, Common stock | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | 2,766 | 3,148 | |||||
Transfers in (out) | 0 | ||||||
Purchases (cost) | 0 | ||||||
Sales and paydowns (cost) | 0 | ||||||
Payment-in-kind interest income | 0 | ||||||
Discount accretion | 0 | ||||||
Net realized gain (loss) | 0 | ||||||
Net unrealized gain (loss) | (382) | ||||||
Fair value at the ending | $ 2,766 | $ 3,148 | |||||
Number of units held | 16 | ||||||
Investment, Identifier [Axis]: The Kyjen Company, LLC, Senior Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 975 | |||||
Fair value at the ending | 978 | [4] | $ 975 | [1] | |||
Investment, Identifier [Axis]: The Kyjen Company, LLC, Senior Secured Loans 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 0 | |||||
Fair value at the ending | 1 | [4] | 0 | [1] | |||
Investment, Identifier [Axis]: The Kyjen Company, LLC, Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 88 | |||||
Fair value at the ending | 0 | [4],[10] | 88 | [1],[8] | |||
Investment, Identifier [Axis]: Thrasio, LLC, Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 2,445 | |||||
Fair value at the ending | 1,408 | [4] | 2,445 | [1] | |||
Investment, Identifier [Axis]: TigerConnect, Inc., Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 2,963 | |||||
Fair value at the ending | 2,940 | [4] | 2,963 | [1] | |||
Investment, Identifier [Axis]: TigerConnect, Inc., Senior Secured Loans Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 0 | |||||
Fair value at the ending | [1],[8] | 0 | |||||
Investment, Identifier [Axis]: TigerConnect, Inc., Senior Secured Loans, Delayed Draw | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8],[9] | 27 | |||||
Fair value at the ending | 133 | [4],[10],[11] | 27 | [1],[8],[9] | |||
Investment, Identifier [Axis]: TigerConnect, Inc., Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[10] | 0 | |||||
Investment, Identifier [Axis]: V10 Entertainment, Inc. , Equity Securities, Common units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[31] | $ 185 | |||||
Number of units held | [31] | 392,157 | |||||
Investment, Identifier [Axis]: V10 Entertainment, Inc., Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | $ 4,013 | |||||
Investment, Identifier [Axis]: V10 Entertainment, Inc., Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[10] | 0 | |||||
Investment, Identifier [Axis]: VB E1, LLC, Unitranche Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 2,257 | |||||
Fair value at the ending | 2,250 | [4] | 2,257 | [1] | |||
Investment, Identifier [Axis]: VPS Holdings, LLC, Senior Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 3,252 | |||||
Fair value at the ending | 2,405 | [4] | 3,252 | [1] | |||
Investment, Identifier [Axis]: VPS Holdings, LLC, Senior Secured Loans 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 2,661 | |||||
Fair value at the ending | 1,978 | [4] | 2,661 | [1] | |||
Investment, Identifier [Axis]: VPS Holdings, LLC, Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 102 | |||||
Fair value at the ending | 603 | [4],[10] | 102 | [1],[8] | |||
Investment, Identifier [Axis]: Valudor Products LLC, Equity Securities, Class A-1 units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[16] | 555 | |||||
Fair value at the ending | $ 307 | [4],[17] | $ 555 | [1],[16] | |||
Number of units held | 501,014 | [17] | 501,014 | [16] | |||
Investment, Identifier [Axis]: Valudor Products LLC, Senior Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | $ 1,958 | |||||
Fair value at the ending | 1,875 | [4] | $ 1,958 | [1] | |||
Investment, Identifier [Axis]: Valudor Products LLC, Senior Secured Loans 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[32] | 312 | |||||
Fair value at the ending | 287 | [4],[24] | 312 | [1],[32] | |||
Investment, Identifier [Axis]: Valudor Products LLC, Senior Secured Loans 3 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 1,565 | |||||
Fair value at the ending | 1,464 | [4] | 1,565 | [1] | |||
Investment, Identifier [Axis]: Valudor Products LLC, Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 55 | |||||
Fair value at the ending | 54 | [4],[10] | 55 | [1],[8] | |||
Investment, Identifier [Axis]: Vero Biotech Inc., Equity Securities, Warrant | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 0 | |||||
Investment, Identifier [Axis]: Vero Biotech Inc., Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 2,475 | |||||
Investment, Identifier [Axis]: Vhagar Purchaser, LLC, Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 3,000 | |||||
Investment, Identifier [Axis]: Vhagar Purchaser, LLC, Senior Secured Loans, Delayed Draw | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[10],[11] | 150 | |||||
Investment, Identifier [Axis]: Vhagar Purchaser, LLC, Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[10] | 0 | |||||
Investment, Identifier [Axis]: Vice Acquisition Holdco, LLC (fka Vice Group Holding Inc.), Equity Securities, Class A units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[33] | $ 604 | |||||
Number of units held | [33] | 1,480,000 | |||||
Investment, Identifier [Axis]: Vice Acquisition Holdco, LLC (fka Vice Group Holding Inc.), Junior Secured Loans 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[33] | $ 0 | |||||
Investment, Identifier [Axis]: Vice Acquisition Holdco, LLC (fka Vice Group Holding Inc.), Junior Secured Loans 3 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[33] | 0 | |||||
Investment, Identifier [Axis]: Vice Acquisition Holdco, LLC (fka Vice Group Holding Inc.), Junior Secured Loans 4 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[33] | 0 | |||||
Investment, Identifier [Axis]: Vice Acquisition Holdco, LLC (fka Vice Group Holding Inc.), Junior Secured Loans 5 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[33] | 464 | |||||
Investment, Identifier [Axis]: Vice Acquisition Holdco, LLC (fka Vice Group Holding Inc.), Junior Secured Loans1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[33] | 0 | |||||
Investment, Identifier [Axis]: Vice Acquisition Holdco, LLC (fka Vice Group Holding Inc.), Senior Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[33] | 658 | |||||
Investment, Identifier [Axis]: Vice Acquisition Holdco, LLC (fka Vice Group Holding Inc.), Senior Secured Loans 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[33] | 199 | |||||
Investment, Identifier [Axis]: Vice Acquisition Holdco, LLC (fka Vice Group Holding Inc.), Senior Secured Loans, Delayed Draw | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[10],[11],[33] | 292 | |||||
Investment, Identifier [Axis]: Vice Group Holding Inc., Senior Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 1,657 | |||||
Fair value at the ending | [1] | 1,657 | |||||
Investment, Identifier [Axis]: Vice Group Holding Inc., Senior Secured Loans 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 318 | |||||
Fair value at the ending | [1] | 318 | |||||
Investment, Identifier [Axis]: Vice Group Holding Inc., Senior Secured Loans 3 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 520 | |||||
Fair value at the ending | [1] | 520 | |||||
Investment, Identifier [Axis]: Vice Group Holding Inc., Senior Secured Loans 4 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 196 | |||||
Fair value at the ending | [1] | 196 | |||||
Investment, Identifier [Axis]: Vinci Brands LLC, Unitranche Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 0 | |||||
Fair value at the ending | [1] | 0 | |||||
Investment, Identifier [Axis]: Vinci Brands LLC, Unitranche Secured Loans 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 0 | |||||
Fair value at the ending | [1] | 0 | |||||
Investment, Identifier [Axis]: Vinci Brands LLC, Unitranche Secured Loans 3 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 0 | |||||
Fair value at the ending | [1] | 0 | |||||
Investment, Identifier [Axis]: Vinci Brands LLC, Unitranche Secured Loans 4 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 0 | |||||
Fair value at the ending | [1] | 0 | |||||
Investment, Identifier [Axis]: W3 Monroe RE Debt LLC, Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[15] | 3,210 | |||||
Fair value at the ending | 3,631 | [4],[12] | 3,210 | [1],[15] | |||
Investment, Identifier [Axis]: W3 Monroe RE Debt LLC, Senior Secured Loans, Delayed Draw | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[10],[11],[12] | 176 | |||||
Investment, Identifier [Axis]: Whistler Parent Holdings III, Inc., Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 4,457 | |||||
Fair value at the ending | [1] | 4,457 | |||||
Investment, Identifier [Axis]: Whistler Parent Holdings III, Inc., Senior Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 4,509 | |||||
Investment, Identifier [Axis]: Whistler Parent Holdings III, Inc., Senior Secured Loans 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 56 | |||||
Investment, Identifier [Axis]: Whistler Parent Holdings III, Inc., Senior Secured Loans Delayed Draw | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8],[9] | 56 | |||||
Fair value at the ending | [1],[8],[9] | 56 | |||||
Investment, Identifier [Axis]: Whistler Parent Holdings III, Inc., Senior Secured Loans Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 84 | |||||
Fair value at the ending | [1],[8] | 84 | |||||
Investment, Identifier [Axis]: Whistler Parent Holdings III, Inc., Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 564 | |||||
Investment, Identifier [Axis]: WillowTree, LLC, Unitranche Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 7,326 | |||||
Fair value at the ending | [1] | 7,326 | |||||
Investment, Identifier [Axis]: Witkoff/Monroe 700 JV LLC, Equity Securities, Preferred units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[15],[16] | 1,047 | |||||
Fair value at the ending | $ 2,152 | [4],[12],[17] | $ 1,047 | [1],[15],[16] | |||
Number of units held | 2,141 | [12],[17] | 2,141 | [15],[16] | |||
Investment, Identifier [Axis]: Witkoff/Monroe 700 JV LLC, Junior Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[12] | $ 6,794 | |||||
Investment, Identifier [Axis]: Witkoff/Monroe 700 JV LLC, Junior Secured Loans 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4],[12] | 1,175 | |||||
Investment, Identifier [Axis]: Witkoff/Monroe 700 JV LLC, Junior Secured Loans, Delayed Draw | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8],[9],[15] | 6,014 | |||||
Fair value at the ending | 1,356 | [4],[10],[11],[12] | $ 6,014 | [1],[8],[9],[15] | |||
Investment, Identifier [Axis]: XanEdu Publishing, Inc., Equity Securities, Class A units | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 223 | |||||
Fair value at the ending | $ 225 | [4] | $ 223 | [1] | |||
Number of units held | 49,479 | 49,479 | |||||
Investment, Identifier [Axis]: XanEdu Publishing, Inc., Senior Secured Loans 1 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | $ 4,602 | |||||
Fair value at the ending | 4,441 | [4] | $ 4,602 | [1] | |||
Investment, Identifier [Axis]: XanEdu Publishing, Inc., Senior Secured Loans 2 | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | 1,829 | |||||
Fair value at the ending | 1,768 | [4] | 1,829 | [1] | |||
Investment, Identifier [Axis]: XanEdu Publishing, Inc., Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8] | 0 | |||||
Fair value at the ending | 0 | [4],[10] | 0 | [1],[8] | |||
Investment, Identifier [Axis]: YS WH4 LLC, Senior Secured Loans, Revolver | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1],[8],[15] | 1,776 | |||||
Fair value at the ending | [1],[8],[15] | 1,776 | |||||
Investment, Identifier [Axis]: iCIMS, Inc. | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the ending | [4] | 2,509 | |||||
Investment, Identifier [Axis]: iCIMS, Inc., Senior Secured Loans | |||||||
Transactions with Affiliated Companies, Fair value Roll Forward | |||||||
Fair value at the beginning | [1] | $ 2,456 | |||||
Fair value at the ending | [1] | $ 2,456 | |||||
[1] Because there is no readily available market value for these investments, the fair value of these investments is determined in good faith using significant unobservable inputs by the Valuation Designee. (See Note 4 in the accompanying notes to the consolidated financial statements.) All of the Company's investments are issued by eligible portfolio companies, as defined in the Investment Company Act of 1940 (the “1940 Act”), unless otherwise noted. All of the Company's investments are issued by U.S. portfolio companies unless otherwise noted. Note 5 in the accompanying notes to the consolidated financial statements for additional information on transactions in which the issuer was both an Affiliated Person and a portfolio company that the Company is deemed to Control. All or a portion of this commitment was unfunded at December 31, 2022. As such, interest is earned only on the funded portion of this commitment. This delayed draw loan requires that certain financial covenants be met by the portfolio company prior to any fundings. All or a portion of this commitment was unfunded at December 31, 2023. As such, interest is earned only on the funded portion of this commitment. This investment is treated as a non-qualifying investment under Section 55(a) of the 1940 Act. Under the 1940 Act, the Company may not acquire any non-qualifying asset unless, at the time the acquisition is made, qualifying assets represent at least 70% of the Company’s total assets. As of December 31, 2023, non-qualifying assets totaled 23.6% of the Company’s total assets. Note 4 in the accompanying notes to the consolidated financial statements. The fair value of this investment was valued using Level 1 inputs. See Note 4 in the accompanying notes to the consolidated financial statements. This investment is treated as a non-qualifying investment under Section 55(a) of the 1940 Act. Under the 1940 Act, the Company may not acquire any non-qualifying asset unless, at the time the acquisition is made, qualifying assets represent at least 70% of the Company’s total assets. As of December 31, 2022, non-qualifying assets totaled 24.7% of the Company’s total assets. Investment is held by a taxable subsidiary of the Company. See Note 2 in the accompanying notes to the consolidated financial statements for additional information on the Company’s wholly-owned taxable subsidiaries. Investment is held by a taxable subsidiary of the Company. See Note 2 in the accompanying notes to the consolidated financial statements for additional information on the Company’s wholly-owned taxable subsidiaries. During the year ended December 31, 2022, Curion Holdings, LLC (“Curion”) sold the underlying operating company and repaid the Company’s debt investment. The remaining fair value at December 31, 2022 represents the remaining expected escrow proceeds associated with the sale. The Company continues to hold an equity investment in Curion that is valued at zero at December 31, 2022. This investment is a non-income producing security. As of December 31, 2022, the Company was party to a subscription agreement with a commitment to fund an additional equity investment of $183. The Company restructured its investments in HFZ Capital Group LLC (“HFZ”) and HFZ Member RB portfolio, LLC (“Member RB”) during 2020. As part of the restructuring of HFZ, the Company obtained a 15.9% equity interest in MC Asset Management (Corporate), LLC (“Corporate”). As part of the Member RB restructuring, the Company exchanged its loan in Member RB for a promissory note in MC Asset Management (Industrial), LLC (“Industrial”). Corporate owns 100% of the equity of Industrial. In conjunction with these restructurings, the Company participated $4,758 of principal of its loan to HFZ as an equity contribution to Industrial. This participation did not qualify for sale accounting under ASC Topic 860–Transfers and Servicing because the sale did not meet the definition of a “participating interest”, as defined in the guidance, in order for sale treatment to be allowed. As a result, the Company continues to reflect its full investment in HFZ but has split the loan into two investments. As of December 31, 2022, the Company was party to a subscription agreement with a commitment to fund an equity investment of $43. This is an international company. During 2021, the Company sold its investment in Luxury Optical Holdings Co. The remaining fair value at December 31, 2022 represents the remaining expected escrow proceeds associated with the sale. This loan is denominated in Australian dollars and is translated into U.S. dollars as of the valuation date. As of December 31, 2022, the Company was party to a subscription agreement with a commitment to fund an additional equity investment of $16. During 2020, an arbitrator issued a final award in favor of the estate of Rockdale Blackhawk, LLC (the “Estate”) in the legal proceeding between the Estate and a national insurance carrier. The Company's share of the net proceeds from the award exceeded the contractual obligations due to the Company as a result of the Company’s right to receive excess proceeds pursuant to the terms of a sharing agreement between the lenders and the Estate. This investment is a non-income producing security. This investment represents a note convertible to preferred shares of the borrower. |
Transactions with Affiliated _4
Transactions with Affiliated Companies - Income Information (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | $ 49,779 | $ 41,449 | $ 35,738 |
Dividend Income | 4,188 | 4,161 | 5,712 |
Fee Income | 2,380 | 1,267 | |
Non-controlled affiliate company investments | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 11,477 | 11,265 | |
Dividend Income | 283 | 189 | 987 |
Fee Income | 0 | 0 | 36 |
Non-controlled affiliate company investments | American Community Homes, Inc. | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 3,270 | 2,877 | |
Dividend Income | 0 | 0 | |
Fee Income | 0 | 0 | |
Non-controlled affiliate company investments | Ascent Midco, LLC | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 386 | 520 | |
Dividend Income | 204 | 189 | |
Fee Income | 0 | 0 | |
Non-controlled affiliate company investments | C Parent Holdings, LLC. | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 172 | 2,060 | |
Dividend Income | 0 | 0 | |
Fee Income | 0 | 0 | |
Non-controlled affiliate company investments | Familia Dental Group Holdings, LLC | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 0 | 0 | |
Dividend Income | 0 | 0 | |
Fee Income | 0 | 0 | |
Non-controlled affiliate company investments | HFZ Capital Group, LLC, MC Asset Management (Corporate), LLC | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 5,718 | 4,218 | |
Dividend Income | 0 | 0 | |
Fee Income | 0 | 0 | |
Non-controlled affiliate company investments | Mnine Holdings, Inc. | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 889 | 796 | |
Dividend Income | 0 | 0 | |
Fee Income | 0 | 0 | |
Non-controlled affiliate company investments | NECB Collections, LLC | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 2 | 0 | |
Dividend Income | 0 | 0 | |
Fee Income | 0 | 0 | |
Non-controlled affiliate company investments | Second Avenue SFR Holdings II LLC | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 557 | 312 | |
Dividend Income | 0 | 0 | |
Fee Income | 0 | 0 | |
Non-controlled affiliate company investments | SFR Holdco, LLC | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 468 | 468 | |
Dividend Income | 0 | 0 | |
Fee Income | 0 | 0 | |
Non-controlled affiliate company investments | TJ Management Hold Co LLC | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 15 | 14 | |
Dividend Income | 79 | 0 | |
Fee Income | 0 | 0 | |
Controlled affiliate company investments | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 0 | 0 | |
Dividend Income | 3,600 | 3,600 | $ 4,325 |
Fee Income | 0 | 0 | |
Controlled affiliate company investments | MRCC Senior Loan Fund I, LLC | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 0 | 0 | |
Dividend Income | 3,600 | 3,600 | |
Fee Income | 0 | 0 | |
Investment, Identifier [Axis]: American Community Homes, Inc. 1 | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 1,401 | 1,209 | |
Dividend Income | 0 | 0 | |
Fee Income | 0 | 0 | |
Investment, Identifier [Axis]: American Community Homes, Inc. 2 | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 872 | 791 | |
Dividend Income | 0 | 0 | |
Fee Income | 0 | 0 | |
Investment, Identifier [Axis]: American Community Homes, Inc. 3 | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 86 | 73 | |
Dividend Income | 0 | 0 | |
Fee Income | 0 | 0 | |
Investment, Identifier [Axis]: American Community Homes, Inc. 4 | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 312 | 270 | |
Dividend Income | 0 | 0 | |
Fee Income | 0 | 0 | |
Investment, Identifier [Axis]: American Community Homes, Inc. 5 | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 578 | 499 | |
Dividend Income | 0 | 0 | |
Fee Income | 0 | 0 | |
Investment, Identifier [Axis]: American Community Homes, Inc. 6 | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 4 | 3 | |
Dividend Income | 0 | 0 | |
Fee Income | 0 | 0 | |
Investment, Identifier [Axis]: American Community Homes, Inc. 7 | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 13 | 11 | |
Dividend Income | 0 | 0 | |
Fee Income | 0 | 0 | |
Investment, Identifier [Axis]: American Community Homes, Inc., Common stock | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 0 | 0 | |
Dividend Income | 0 | 0 | |
Fee Income | 0 | 0 | |
Investment, Identifier [Axis]: American Community Homes, Inc., Revolver | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 4 | 21 | |
Dividend Income | 0 | 0 | |
Fee Income | 0 | 0 | |
Investment, Identifier [Axis]: Ascent Midco, LLC | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 384 | 516 | |
Dividend Income | 0 | 0 | |
Fee Income | 0 | 0 | |
Investment, Identifier [Axis]: Ascent Midco, LLC, Class A units | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 0 | 0 | |
Dividend Income | 204 | 189 | |
Fee Income | 0 | 0 | |
Investment, Identifier [Axis]: Ascent Midco, LLC, Revolver | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 2 | 4 | |
Dividend Income | 0 | 0 | |
Fee Income | 0 | 0 | |
Investment, Identifier [Axis]: C Parent Holdings, LLC. | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 172 | 1,766 | |
Dividend Income | 0 | 0 | |
Fee Income | 0 | 0 | |
Investment, Identifier [Axis]: C Parent Holdings, LLC., Common stock | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 0 | 0 | |
Dividend Income | 0 | 0 | |
Fee Income | 0 | 0 | |
Investment, Identifier [Axis]: C Parent Holdings, LLC., Revolver | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 0 | 294 | |
Dividend Income | 0 | 0 | |
Fee Income | 0 | 0 | |
Investment, Identifier [Axis]: Familia Dental Group Holdings, LLC, Class A units | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 0 | 0 | |
Dividend Income | 0 | 0 | |
Fee Income | 0 | 0 | |
Investment, Identifier [Axis]: HFZ Capital Group, LLC 1 | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 2,348 | 1,977 | |
Dividend Income | 0 | 0 | |
Fee Income | 0 | 0 | |
Investment, Identifier [Axis]: HFZ Capital Group, LLC 2 | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 844 | 710 | |
Dividend Income | 0 | 0 | |
Fee Income | 0 | 0 | |
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 1,950 | 1,369 | |
Dividend Income | 0 | 0 | |
Fee Income | 0 | 0 | |
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC, Delayed Draw | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 576 | 162 | |
Dividend Income | 0 | 0 | |
Fee Income | 0 | 0 | |
Investment, Identifier [Axis]: MC Asset Management (Corporate), LLC, LLC interest | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 0 | 0 | |
Dividend Income | 0 | 0 | |
Fee Income | 0 | 0 | |
Investment, Identifier [Axis]: MRCC Senior Loan Fund I, LLC | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 0 | 0 | |
Dividend Income | 3,600 | 3,600 | |
Fee Income | 0 | 0 | |
Investment, Identifier [Axis]: Mnine Holdings, Inc. 1 | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 819 | 787 | |
Dividend Income | 0 | 0 | |
Fee Income | 0 | 0 | |
Investment, Identifier [Axis]: Mnine Holdings, Inc. 2 | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 0 | 0 | |
Dividend Income | 0 | 0 | |
Fee Income | 0 | 0 | |
Investment, Identifier [Axis]: Mnine Holdings, Inc., Class B units | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 0 | 0 | |
Dividend Income | 0 | 0 | |
Fee Income | 0 | 0 | |
Investment, Identifier [Axis]: Mnine Holdings, Inc., Revolver | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 70 | 9 | |
Dividend Income | 0 | 0 | |
Fee Income | 0 | 0 | |
Investment, Identifier [Axis]: NECB Collections, LLC, LLC units | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 0 | 0 | |
Dividend Income | 0 | 0 | |
Fee Income | 0 | 0 | |
Investment, Identifier [Axis]: NECB Collections, LLC, Revolver | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 2 | 0 | |
Dividend Income | 0 | 0 | |
Fee Income | 0 | 0 | |
Investment, Identifier [Axis]: SFR Holdco, LLC, Junior secured loan | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 468 | 468 | |
Dividend Income | 0 | 0 | |
Fee Income | 0 | 0 | |
Investment, Identifier [Axis]: SFR Holdco, LLC, LLC interest | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 0 | 0 | |
Dividend Income | 0 | 0 | |
Fee Income | 0 | 0 | |
Investment, Identifier [Axis]: Second Avenue SFR Holdings II LLC, Revolver | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 557 | 312 | |
Dividend Income | 0 | 0 | |
Fee Income | 0 | 0 | |
Investment, Identifier [Axis]: TJ Management HoldCo, LLC, Common stock | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 0 | 0 | |
Dividend Income | 79 | 0 | |
Fee Income | 0 | 0 | |
Investment, Identifier [Axis]: TJ Management HoldCo, LLC, Revolver | |||
Investments in and Advances to Affiliates [Line Items] | |||
Interest Income | 15 | 14 | |
Dividend Income | 0 | 0 | |
Fee Income | $ 0 | $ 0 |
Transactions with Related Par_3
Transactions with Related Parties - Additional Information (Details) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 USD ($) qtr component | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | |
Transactions with Related Parties | |||
Base management fees | $ 8,603 | $ 9,055 | $ 9,514 |
Administrative agreement service fee | 940 | 1,163 | 1,357 |
Accounts payable and accrued expenses | 2,100 | 3,220 | |
Related Party | |||
Transactions with Related Parties | |||
Accounts payable | $ 0 | 0 | |
Related Party | MC Advisors | |||
Transactions with Related Parties | |||
Number of components | component | 2 | ||
Initial base management fee, Percentage | 1.75% | ||
Base management fee, percentage | 1% | ||
Percentage of average invested assets | 200% | ||
Leverage ratio | 1 | ||
Base management fees | $ 8,603 | 9,055 | 9,514 |
Base management fees, voluntary waiver amount | $ 0 | 55 | 0 |
Incentive fee payable in arrears, percentage | 20% | ||
Incentive fee payable, threshold quarterly hurdle rate | 2% | ||
Incentive fee payable, threshold annual hurdle rate | 8% | ||
Incentive fee limitation, percentage | 20% | ||
Period of preceding calendar quarters | qtr | 11 | ||
Threshold ordinary income incentive fee payable, percentage | 20% | ||
Threshold ordinary income incentive fee limitation, percentage | 20% | ||
Second part incentive fee payable, percentage | 20% | ||
Administrative expenses | $ 2,833 | 3,139 | 3,442 |
Administrative agreement service fee | 940 | 1,163 | $ 1,357 |
Related Party | MC Management | |||
Transactions with Related Parties | |||
Accounts payable and accrued expenses | $ 255 | $ 255 |
Transactions with Related Par_4
Transactions with Related Parties - Composition of the Company's incentive fees (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Transactions with Related Parties | |||
Incentive fees, excluding the impact of the incentive fee waiver | $ 5,812 | $ 4,127 | $ 3,690 |
Related Party | MC Advisors | |||
Transactions with Related Parties | |||
Part one incentive fees | 5,812 | 4,127 | 3,690 |
Part two incentive fees | 0 | 0 | 0 |
Incentive fees, excluding the impact of the incentive fee waiver | 5,812 | 4,127 | 3,690 |
Incentive fee waivers | 0 | (525) | (1,484) |
Total incentive fees, net of incentive fee waiver | $ 5,812 | $ 3,602 | $ 2,206 |
Second part incentive fee payable, percentage | 20% |
Borrowings - Additional Informa
Borrowings - Additional Information (Details) | Dec. 31, 2023 | Dec. 31, 2022 |
Debt Disclosure [Abstract] | ||
Asset coverage ratio | 167% | 167% |
Borrowings - Revolving Credit F
Borrowings - Revolving Credit Facility (Details) £ in Thousands, $ in Thousands | 12 Months Ended | |||||
Dec. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2022 GBP (£) | Dec. 31, 2021 USD ($) | Dec. 31, 2021 GBP (£) | Dec. 27, 2022 USD ($) | |
Line of Credit Facility [Line Items] | ||||||
Unrealized gain (loss) on foreign currency and other transactions | $ 0 | $ 164 | $ 635 | |||
Repayments of borrowings | 125,000 | 131,599 | 285,020 | |||
Realized gain (loss) on foreign currency and other transactions | (135) | (36) | (895) | |||
Revolving credit facility | ||||||
Line of Credit Facility [Line Items] | ||||||
Maximum borrowing capacity | 255,000 | |||||
Capitalized unamortized deferred financing costs | $ 1,765 | |||||
Line of credit facility, accordion feature | $ 400,000 | |||||
Maximum borrowing capacity, Percentage of the fair market value of its portfolio company investments | 72.50% | |||||
Consolidated total net assets | $ 150,000 | |||||
Consolidated total net assets, Percentage of net proceeds from sales of equity securities after March 1, 2019 | 65% | |||||
Percentage of distributions in cash or property other than common stock | 115% | |||||
Unrealized gain (loss) on foreign currency and other transactions | $ 0 | 157 | 660 | |||
Repayments of borrowings | £ | £ 3,433 | £ 12,667 | ||||
Realized gain (loss) on foreign currency and other transactions | $ (11) | $ (866) | ||||
Interest rate, daily rate per annum | 1.625% | |||||
Weighted average interest rate | 8.10% | 7% | ||||
Revolving credit facility | Available maximum borrowing capacity percentage greater than 35% | ||||||
Line of Credit Facility [Line Items] | ||||||
Commitment fee (in percent) | 0.50% | |||||
Available maximum borrowing capacity, percentage | 35% | |||||
Revolving credit facility | Available maximum borrowing capacity percentage equal to or less than 35% | ||||||
Line of Credit Facility [Line Items] | ||||||
Commitment fee (in percent) | 1% | |||||
Available maximum borrowing capacity, percentage | 35% | |||||
Revolving credit facility | Secured Overnight Financing Rate (SOFR) | ||||||
Line of Credit Facility [Line Items] | ||||||
Interest rate, basis spread | 2.625% | |||||
Interest rate, daily basis spread | 1% | |||||
Interest rate, floor | 0.50% | |||||
Revolving credit facility | Prime rate | ||||||
Line of Credit Facility [Line Items] | ||||||
Interest rate, daily basis spread | 1.50% | |||||
Revolving credit facility | Federal funds rate | ||||||
Line of Credit Facility [Line Items] | ||||||
Interest rate, daily basis spread | 0.50% | |||||
Revolving credit facility | Denominated in U.S. dollar | ||||||
Line of Credit Facility [Line Items] | ||||||
Borrowings | $ 174,100 | $ 204,600 | ||||
Revolving credit facility | Minimum | ||||||
Line of Credit Facility [Line Items] | ||||||
Assets to debt ratio | 1.5 | |||||
Senior debt coverage ratio | 2 |
Borrowings - Notes (Details)
Borrowings - Notes (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Feb. 18, 2021 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Borrowings | ||||
Aggregate principal amount of debt redeemed | $ 0 | $ 0 | $ 109,000 | |
Loss on extinguishment of debt | 0 | 1,039 | $ 3,110 | |
Total debt | 304,100 | 334,600 | ||
2023 Notes | ||||
Borrowings | ||||
Aggregate principal amount of debt redeemed | $ 109,000 | |||
Loss on extinguishment of debt | $ 2,335 | |||
2026 Notes | ||||
Borrowings | ||||
Total debt | $ 130,000 | $ 130,000 | ||
Interest rate | 4.75% |
Borrowings - SBA Debentures (De
Borrowings - SBA Debentures (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Mar. 01, 2022 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Borrowings | ||||
Loss on extinguishment of debt | $ 0 | $ 1,039 | $ 3,110 | |
SBA Debentures | Monroe Capital Corporation SBIC, LP | ||||
Borrowings | ||||
Loss on extinguishment of debt | $ 1,039 |
Borrowings - Components of the
Borrowings - Components of the Company's interest expense and other debt financing expenses, average debt outstanding balances and average stated interest rates (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Borrowings | |||
Amortization of deferred financing costs | $ 1,308 | $ 2,126 | $ 2,205 |
Interest and other debt financing expenses | 22,847 | 17,080 | 16,074 |
Average debt outstanding | $ 318,884 | $ 314,053 | $ 332,034 |
Average stated interest rate | 6.70% | 4.70% | 4.10% |
2023 Notes | |||
Borrowings | |||
Interest expense | $ 0 | $ 0 | $ 837 |
2026 Notes | |||
Borrowings | |||
Interest expense | 6,220 | 6,220 | 5,763 |
SBA Debentures | |||
Borrowings | |||
Interest expense | 0 | 292 | 2,676 |
Revolving credit facility | |||
Borrowings | |||
Interest expense | $ 15,319 | $ 8,442 | $ 4,593 |
Derivative Instruments (Details
Derivative Instruments (Details) $ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2022 AUD ($) | |
Derivative Instruments | ||||
Gross Amount of Unrealized Gain | $ 1,507 | |||
Gross Amount of Unrealized Loss | 0 | |||
Unrealized Gain (Loss) | $ (1,507) | 726 | $ 894 | |
Foreign currency forward contracts | $ 1,756 | 119 | $ (48) | |
Foreign currency forward contract with Settlement Date 1/18/2023 | ||||
Derivative Instruments | ||||
Notional Amount to be Sold | $ 153 | |||
Gross Amount of Unrealized Gain | 14 | |||
Gross Amount of Unrealized Loss | 0 | |||
Foreign currency forward contract with Settlement Date 2/16/2023 | ||||
Derivative Instruments | ||||
Notional Amount to be Sold | 140 | |||
Gross Amount of Unrealized Gain | 13 | |||
Gross Amount of Unrealized Loss | 0 | |||
Foreign currency forward contract with Settlement Date 3/16/2023 | ||||
Derivative Instruments | ||||
Notional Amount to be Sold | 132 | |||
Gross Amount of Unrealized Gain | 12 | |||
Gross Amount of Unrealized Loss | 0 | |||
Foreign currency forward contract with Settlement Date 4/20/2023 | ||||
Derivative Instruments | ||||
Notional Amount to be Sold | 160 | |||
Gross Amount of Unrealized Gain | 14 | |||
Gross Amount of Unrealized Loss | 0 | |||
Foreign currency forward contract with Settlement Date 5/16/2023 | ||||
Derivative Instruments | ||||
Notional Amount to be Sold | 121 | |||
Gross Amount of Unrealized Gain | 11 | |||
Gross Amount of Unrealized Loss | 0 | |||
Foreign currency forward contract with Settlement Date 6/19/2023 | ||||
Derivative Instruments | ||||
Notional Amount to be Sold | 156 | |||
Gross Amount of Unrealized Gain | 14 | |||
Gross Amount of Unrealized Loss | 0 | |||
Foreign currency forward contract with Settlement Date 7/18/2023 | ||||
Derivative Instruments | ||||
Notional Amount to be Sold | 138 | |||
Gross Amount of Unrealized Gain | 12 | |||
Gross Amount of Unrealized Loss | 0 | |||
Foreign currency forward contract with Settlement Date 8/16/2023 | ||||
Derivative Instruments | ||||
Notional Amount to be Sold | 146 | |||
Gross Amount of Unrealized Gain | 13 | |||
Gross Amount of Unrealized Loss | 0 | |||
Foreign currency forward contract with Settlement Date 9/18/2023 | ||||
Derivative Instruments | ||||
Notional Amount to be Sold | 146 | |||
Gross Amount of Unrealized Gain | 13 | |||
Gross Amount of Unrealized Loss | 0 | |||
Foreign currency forward contract with Settlement Date 10/18/2023 | ||||
Derivative Instruments | ||||
Notional Amount to be Sold | 148 | |||
Gross Amount of Unrealized Gain | 13 | |||
Gross Amount of Unrealized Loss | 0 | |||
Foreign currency forward contract with Settlement Date 11/16/2023 | ||||
Derivative Instruments | ||||
Notional Amount to be Sold | 140 | |||
Gross Amount of Unrealized Gain | 12 | |||
Gross Amount of Unrealized Loss | 0 | |||
Foreign currency forward contract with Settlement Date 12/18/2023 | ||||
Derivative Instruments | ||||
Notional Amount to be Sold | 142 | |||
Gross Amount of Unrealized Gain | 12 | |||
Gross Amount of Unrealized Loss | 0 | |||
Foreign currency forward contract with Settlement Date 1/17/2024 | ||||
Derivative Instruments | ||||
Notional Amount to be Sold | 150 | |||
Gross Amount of Unrealized Gain | 13 | |||
Gross Amount of Unrealized Loss | 0 | |||
Foreign currency forward contract with Settlement Date 2/16/2024 | ||||
Derivative Instruments | ||||
Notional Amount to be Sold | 143 | |||
Gross Amount of Unrealized Gain | 12 | |||
Gross Amount of Unrealized Loss | 0 | |||
Foreign currency forward contract with Settlement Date 3/18/2024 | ||||
Derivative Instruments | ||||
Notional Amount to be Sold | $ 15,410 | |||
Gross Amount of Unrealized Gain | 1,329 | |||
Gross Amount of Unrealized Loss | $ 0 |
Income Taxes - Additional Infor
Income Taxes - Additional Information (Details) - USD ($) | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Income Tax Disclosure [Abstract] | |||
Provision for federal income tax | $ 0 | ||
Short-term capital loss carryforwards | 0 | $ 0 | |
Long-term capital loss carryforwards | 84,972,000 | 43,370,000 | |
Tax expense for taxable subsidiaries | 321,000 | 1,311,000 | $ 4,000 |
Estimated cost basis of investment for U.S. federal income tax purposes | 508,344,000 | 579,604,000 | |
Estimated net unrealized loss | 19,959,000 | 38,563,000 | |
Estimated gross unrealized gains | 20,002,000 | 20,104,000 | |
Estimated gross unrealized losses | $ 39,961,000 | $ 58,667,000 |
Income Taxes - Permanent differ
Income Taxes - Permanent differences reclassified for tax purposes (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Capital in excess of par value | |||
Investment Company, Change in Net Assets [Line Items] | |||
Increase (decrease) in capital in excess of par value | $ (573) | $ 13 | $ (301) |
Accumulated undistributed (overdistributed) earnings | |||
Investment Company, Change in Net Assets [Line Items] | |||
Increase (decrease) in capital in excess of par value | $ 573 | $ (13) | $ 301 |
Income Taxes - Reconciliation (
Income Taxes - Reconciliation (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Income Tax Disclosure [Abstract] | |||
Net increase (decrease) in net assets resulting from operations | $ 371 | $ (2,786) | $ 32,459 |
Net change in unrealized (gain) loss for book but not tax | (14,270) | 22,892 | (36,108) |
Other realized gain (loss) for tax but not book | (275) | 0 | 0 |
Other income (loss) for tax but not book | (3,877) | (579) | (961) |
Other deductions for book in excess of deductions for tax | 0 | 0 | 0 |
Expenses not currently deductible | 806 | 1,405 | 282 |
Net capital loss carryforward | 41,602 | 2,674 | 20,040 |
Taxable Income before deductions for distributions | $ 24,357 | $ 23,606 | $ 15,712 |
Income Taxes - Tax character of
Income Taxes - Tax character of distributions (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Tax character of distributions | |||
Ordinary income | $ 21,666 | $ 21,666 | $ 21,514 |
Long-term capital gains | 0 | 0 | 0 |
Total | $ 21,666 | $ 21,666 | $ 21,514 |
Distributions (Details)
Distributions (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 12 Months Ended | |||||||||||||||||||||||||
Dec. 01, 2023 | Sep. 01, 2023 | Jun. 02, 2023 | Mar. 01, 2023 | Sep. 05, 2022 | Sep. 01, 2022 | Jun. 01, 2022 | Mar. 02, 2022 | Dec. 02, 2021 | Sep. 02, 2021 | Jun. 02, 2021 | Mar. 02, 2021 | Dec. 31, 2023 | Sep. 30, 2023 | Jun. 30, 2023 | Mar. 31, 2023 | Dec. 31, 2022 | Sep. 30, 2022 | Jun. 30, 2022 | Mar. 31, 2022 | Dec. 31, 2021 | Sep. 30, 2021 | Jun. 30, 2021 | Mar. 31, 2021 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Dividends [Abstract] | |||||||||||||||||||||||||||
Amount per share (in dollars per share) | $ 0.25 | $ 0.25 | $ 0.25 | $ 0.25 | $ 0.25 | $ 0.25 | $ 0.25 | $ 0.25 | $ 0.25 | $ 0.25 | $ 0.25 | $ 0.25 | $ 1 | $ 1 | $ 1 | ||||||||||||
Cash Distribution | $ 5,415 | $ 5,417 | $ 5,417 | $ 5,417 | $ 5,417 | $ 5,416 | $ 5,416 | $ 5,417 | $ 5,416 | $ 5,386 | $ 5,386 | $ 5,326 | $ 21,666 | $ 21,666 | $ 21,514 | ||||||||||||
DRIP Shares issued (in shares) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||||||||||
DRIP Shares Value | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | ||||||||||||
DRIP Shares Purchased in the Open Market (in shares) | 1,074,000 | 16,514,000 | 9,045,000 | 10,380,000 | 17,017,000 | 20,789,000 | 29,655,000 | 25,229,000 | 27,905,000 | 35,623,000 | 31,277,000 | 35,611,000 | 37,013,000 | 92,690,000 | 130,416,000 | ||||||||||||
Cost of DRIP Shares Purchased | $ 12 | $ 123 | $ 73 | $ 81 | $ 149 | $ 164 | $ 280 | $ 276 | $ 315 | $ 369 | $ 343 | $ 364 | $ 289 | $ 869 | $ 1,391 |
Stock Issuances and Repurchas_2
Stock Issuances and Repurchases (Details) - ATM offering - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | May 12, 2017 | |
Stock Issuances and Repurchases | |||
Maximum value of common stock available for sale | $ 50,000 | ||
Number of stock issued (in shares) | 0 | 0 |
Commitments and Contingencies (
Commitments and Contingencies (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Commitments | ||
Unfunded commitments | $ 37,182 | $ 63,450 |
SLF | ||
Commitments | ||
Unfunded commitments | $ 7,350 | $ 7,350 |
Financial Highlights - Financia
Financial Highlights - Financial highlights (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | |||||||||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Per share data: | ||||||||||
Net asset value at beginning of year (in dollars per share) | $ 10.39 | $ 11.51 | $ 11 | $ 12.20 | $ 12.66 | $ 13.77 | $ 14.52 | $ 14.19 | $ 14.05 | $ 13.92 |
Net investment income (in dollars per share) | 1.07 | 1.02 | 1.03 | 1.45 | 1.42 | 1.57 | 1.40 | 1.55 | 1.60 | 1.57 |
Net gain (loss) (in dollars per share) | (1.05) | (1.15) | 0.48 | (1.37) | (0.48) | (1.28) | (0.75) | 0.13 | (0.07) | (0.12) |
Net increase (decrease) in net assets resulting from operations (in dollars per share) | 0.02 | (0.13) | 1.51 | 0.08 | 0.94 | 0.29 | 0.65 | 1.68 | 1.53 | 1.45 |
Stockholder distributions - income (in dollars per share) | (1) | (1) | (1) | (1.10) | (1.40) | (1.40) | (1.37) | (1.40) | (1.37) | (1.36) |
Stockholder distributions - capital gains (in dollars per share) | 0 | 0 | 0 | 0 | 0 | 0 | (0.03) | 0 | (0.03) | 0 |
Stockholder distributions - return of capital (in dollars per share) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Effect of share issuance above (below) NAV (in dollars per share) | 0 | 0 | 0 | (0.18) | 0 | 0 | 0 | 0.05 | 0 | 0 |
Effect of share repurchases (in dollars per share) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.04 |
Other (in dollars per share) | (0.01) | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | 0 |
Net asset value at end of year (in dollars per share) | $ 9.40 | $ 10.39 | $ 11.51 | $ 11 | $ 12.20 | $ 12.66 | $ 13.77 | $ 14.52 | $ 14.19 | $ 14.05 |
Net assets at end of year | $ 203,724 | $ 225,019 | $ 249,471 | $ 234,434 | $ 249,357 | $ 258,767 | $ 278,699 | $ 240,850 | $ 184,535 | $ 133,738 |
Shares outstanding at end of year (in shares) | 21,666,340 | 21,666,340 | 21,666,340 | 21,303,540 | 20,444,564 | 20,444,564 | 20,239,957 | 16,581,869 | 13,008,007 | 9,517,910 |
Per share market value at end of year (in dollars per share) | $ 7.07 | $ 8.54 | $ 11.22 | $ 8.03 | $ 10.86 | $ 9.60 | $ 13.75 | $ 15.38 | $ 13.09 | $ 14.46 |
Total return based on market value | (6.85%) | (15.20%) | 53.26% | (13.86%) | 27.68% | (21.74%) | (1.82%) | 28.95% | (0.21%) | 30.67% |
Total return based on average net asset value | 0.17% | (1.18%) | 13.40% | 0.72% | 7.53% | 2.17% | 4.58% | 11.70% | 11.04% | 10.34% |
Ratio/Supplemental data: | ||||||||||
Ratio of net investment income to average net assets | 10.84% | 9.42% | 9.15% | 13.32% | 11.38% | 11.85% | 9.80% | 10.81% | 11.56% | 11.20% |
Ratio of total expenses, net of base management fee and incentive fee waivers, to average net assets | 19.14% | 14.60% | 13.07% | 13.68% | 15.35% | 9.84% | 9.46% | 10.81% | 11.20% | 11.03% |
Portfolio turnover | 12.12% | 24.93% | 41.80% | 25.24% | 27.18% | 31.53% | 39.39% | 22.41% | 30.70% | 47.03% |
Financial Highlights - Schedule
Financial Highlights - Schedule of Ratio (Details) | 12 Months Ended | |||||||||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Investment Company, Financial Highlights [Abstract] | ||||||||||
Ratio of total investment income to average net assets | 29.98% | 24.02% | 22.22% | 27% | 26.73% | 21.69% | 19.26% | 21.62% | 22.76% | 22.23% |
Ratio of interest and other debt financing expenses to average net assets | 10.65% | 7.25% | 6.63% | 7.89% | 7.95% | 4.56% | 3.13% | 3.26% | 3.33% | 3.23% |
Ratio of total expenses (without base management fee waivers and incentive fees) to average net assets | 16.43% | 13.09% | 12.16% | 13.86% | 13.61% | 9.19% | 7.43% | 8.17% | 8.31% | 8.42% |
Ratio of incentive fees, net of incentive fee waivers, to average net assets | 2.71% | 1.53% | 0.91% | 0% | 1.74% | 0.65% | 2.03% | 2.64% | 2.89% | 2.61% |
Ratio of waived incentive fees to average net assets | 0% | 0.22% | 0.61% | 0.31% | 0.46% | 0% | 0.12% | 0.13% | 0% | 0% |
Subsequent Events (Details)
Subsequent Events (Details) - $ / shares | 12 Months Ended | ||||||||||
Mar. 05, 2024 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | |
Subsequent Event | |||||||||||
Stockholder distributions (in dollars per share) | $ 1 | $ 1 | $ 1 | $ 1.10 | $ 1.40 | $ 1.40 | $ 1.37 | $ 1.40 | $ 1.37 | $ 1.36 | |
Subsequent Events | |||||||||||
Subsequent Event | |||||||||||
Stockholder distributions (in dollars per share) | $ 0.25 |