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v3.23.4

Related Party Transactions (Details) - USD ($) $ in Thousands |  | 3 Months Ended | 9 Months Ended | 12 Months Ended |
--- | --- | --- | --- | --- | ---
Nov. 25, 2019 | Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019
Related Party Transactions |  |  |  |  |  |  |  |  |
Management fees, net of waiver |  | $ 1,938 | $ 1,716 | $ 5,625 | $ 4,896 | $ 6,679 | $ 3,465 | $ 560 |
Management fees payable |  | 1,938 |  | 1,938 |  | 1,783 | 1,306 |  |
Income based incentive fees |  | 10,727 | 7,173 | 30,246 | 18,517 | 26,635 | 15,852 | 2,517 |
Reversal of capital gains incentive fees |  | 0 | 0 | 0 | 2,441 | 2,441 | (1,809) | (1,341) |
Income based incentive fees payable |  | 10,727 |  | 10,727 |  | 8,118 | 5,886 |  |
Capital gains based incentive fees payable |  | 0 |  | 0 |  | 0 | 2,773 |  |
Administrative service fees |  |  |  |  |  | 72 | 212 | 183 |
Payable to affiliates |  | $ 702 |  | $ 702 |  | 2,086 | 4,431 |  |
Threshold for waiver amount |  |  |  |  |  |  |  |  | $ 1,000
Threshold for waiver percentage |  |  |  |  |  |  |  |  | 0.10%
Expense support |  |  | $ 0 |  | $ (39) | $ (44) | (98) | 230 |
Organization and offering costs |  |  |  |  |  |  | $ 42 | 676 |
MS Credit Partners Holdings | Morgan Stanley Direct Lending Fund |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |
Ownership percentage |  |  |  | 11.70% |  | 11.90% | 12.50% |  |
MS Credit Partners Holdings |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |
Unfunded commitments |  |  |  |  |  | $ 200 |  |  | $ 200,000
Related Party |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |
Base management fee rate |  |  |  | 1.00% |  | 1.00% |  |  |
Threshold minimum rate for waived portion |  |  |  | 0.25% |  | 0.25% |  |  |
Reversal of capital gains incentive fees |  |  |  |  |  |  |  | $ 1,341 |
Capital gains based incentive fees payable |  |  |  |  |  | $ 2,441 | $ (1,809) |  |
Payable to affiliates |  |  |  |  |  | 110 | $ 266 |  |
Related Party | 2027 Notes |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |
Related party fees |  |  |  | $ 213 |  | 213 |  |  |
Related Party | 2025 Notes |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |
Related party fees |  |  |  | $ 138 |  | $ 138 |  |  |
Related Party | Quarterly hurdle rate |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |
Incentive rate |  |  |  | 1.50% |  | 1.50% |  |  |
Related Party | Annualized hurdle rate |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |
Incentive rate |  |  |  | 6.00% |  | 6.00% |  |  |
Related Party | Incentive Fee Rate Pre Incentive Fee Net Investment Income Below Catch Up Threshold |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |
Incentive rate |  |  |  | 100.00% |  | 100.00% |  |  |
Related Party | Incentive Fee Rate Quarterly Catch Up Threshold |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |
Incentive rate |  |  |  | 1.8182% |  | 1.8182% |  |  |
Related Party | Incentive Fee Rate Annualized Catch Up Threshold |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |
Incentive rate |  |  |  | 7.2728% |  | 7.2728% |  |  |
Related Party | Incentive Fee Rate Pre Incentive Fee Net Investment Income Exceeds Catch Up Threshold |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |
Incentive rate |  |  |  | 17.50% |  | 17.50% |  |  |
Related Party | Incentive Fee Rate Realized Capital Gains |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |
Incentive rate |  |  |  | 17.50% |  | 17.50% |  |  |
Related Party | Investment Advisory Agreement |  |  |  |  |  |  |  |  |
Related Party Transactions |  |  |  |  |  |  |  |  |
Initial term | 2 years |  |  |  |  |  |  |  |

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