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DERIVATIVE INSTRUMENTS (Tables)

9 Months Ended

Sep. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments

The following tables present the fair value and aggregate unrealized depreciation of the MVC Credit Support Agreement as of September 30, 2022 and December 31, 2021:

As of September 30, 2022 Description ($ in thousands)									Counter Party												Settlement Date						Notional Amount						Value						Unrealized Appreciation (Depreciation)
MVC Credit Support Agreement									Barings LLC												01/01/31						$	23,000					$	9,280					$	(4,320)
Total MVC Credit Support Agreement																																							$	(4,320)

As of December 31, 2021 Description ($ in thousands)									Counter Party												Settlement Date						Notional Amount						Value						Unrealized Appreciation (Depreciation)
MVC Credit Support Agreement									Barings LLC												01/01/31						$	23,000					$	15,400					$	1,800
Total MVC Credit Support Agreement																																							$	1,800

The following table presents the fair value and aggregate unrealized depreciation of the Sierra Credit Support Agreement as of September 30, 2022:

As of September 30, 2022 Description ($ in thousands)									Counter Party												Settlement Date						Notional Amount						Value						Unrealized Appreciation (Depreciation)
Sierra Credit Support Agreement									Barings LLC												04/01/32						$	100,000					$	40,200					$	(4,200)
Total Sierra Credit Support Agreement																																							$	(4,200)

Schedule of Foreign Currency Forward Contracts

The following tables present the Company's foreign currency forward contracts as of September 30, 2022 and December 31, 2021:

As of September 30, 2022 Description ($ in thousands)

Notional Amount to be Purchased

Notional Amount to be Sold

Maturity Date

Gross Amount of Recognized Assets (Liabilities)

Balance Sheet Location of Net Amounts

Foreign currency forward contract (AUD)

A$71,257

$46,216

10/06/22

$

(401)

Derivative liability

Foreign currency forward contract (AUD)

$49,343

A$71,257

10/06/22

3,528

Derivative asset

Foreign currency forward contract (AUD)

$46,250

A$71,176

01/09/23

401

Derivative asset

Foreign currency forward contract (CAD)

C$3,269

$2,389

10/06/22

(10)

Derivative liability

Foreign currency forward contract (CAD)

$2,543

C$3,269

10/06/22

163

Derivative asset

Foreign currency forward contract (CAD)

$2,415

C$3,303

01/09/23

10

Derivative asset

Foreign currency forward contract (DKK)

2,237kr.

$295

10/06/22

—

Derivative asset

Foreign currency forward contract (DKK)

$8

59kr.

10/06/22

—

Derivative asset

Foreign currency forward contract (DKK)

$310

2,178kr.

10/06/22

23

Derivative asset

Foreign currency forward contract (DKK)

$300

2,260kr.

01/09/23

—

Derivative liability

Foreign currency forward contract (EUR)

€106,035

$103,841

10/06/22

51

Derivative asset

Foreign currency forward contract (EUR)

$97,043

€91,567

10/06/22

7,239

Derivative asset

Foreign currency forward contract (EUR)

$10,597

€10,000

10/06/22

800

Derivative asset

Foreign currency forward contract (EUR)

$4,435

€4,378

10/06/22

145

Derivative asset

Foreign currency forward contract (EUR)

$106,563

€107,954

01/09/23

(40)

Derivative liability

Foreign currency forward contract (NZD)

NZ$18,733

$10,709

10/06/22

(113)

Derivative liability

Foreign currency forward contract (NZD)

$162

NZ$263

10/06/22

13

Derivative asset

Foreign currency forward contract (NZD)

$11,510

NZ$18,471

10/06/22

1,062

Derivative asset

Foreign currency forward contract (NZD)

$10,767

NZ$18,824

01/09/23

113

Derivative asset

Foreign currency forward contract (NOK)

kr2,147

$221

10/06/22

(24)

Derivative liability

Foreign currency forward contract (NOK)

kr37,568

$3,509

10/06/22

(61)

Derivative liability

Foreign currency forward contract (NOK)

$3,815

kr37,350

10/06/22

387

Derivative asset

Foreign currency forward contract (NOK)

$244

kr2,364

10/06/22

27

Derivative asset

Foreign currency forward contract (NOK)

$3,538

kr37,773

01/09/23

63

Derivative asset

Foreign currency forward contract (GBP)

£21,831

$24,167

10/06/22

204

Derivative asset

Foreign currency forward contract (GBP)

$6,201

£5,500

10/06/22

61

Derivative asset

Foreign currency forward contract (GBP)

$19,693

£16,331

10/06/22

1,461

Derivative asset

Foreign currency forward contract (GBP)

$25,438

£22,951

01/09/23

(216)

Derivative liability

Foreign currency forward contract (SEK)

2,026kr

$181

10/06/22

1

Derivative asset

Foreign currency forward contract (SEK)

$201

2,026kr

10/06/22

18

Derivative asset

Foreign currency forward contract (SEK)

$197

2,182kr

01/09/23

(1)

Derivative liability

Foreign currency forward contract (CHF)

600Fr.

$612

10/03/22

(2)

Derivative liability

Foreign currency forward contract (CHF)

$3,163

3,231Fr.

10/06/22

(18)

Derivative liability

Foreign currency forward contract (CHF)

$3,329

3,163Fr.

10/06/22

115

Derivative asset

Foreign currency forward contract (CHF)

$618

600Fr.

01/09/23

2

Derivative asset

Foreign currency forward contract (CHF)

$3,305

3,203Fr.

01/09/23

18

Derivative asset

Total

$

15,019

As of December 31, 2021 Description ($ in thousands)						Notional Amount to be Purchased						Notional Amount to be Sold						Maturity Date						Gross Amount of Recognized Assets (Liabilities)												Balance Sheet Location of Net Amounts
Foreign currency forward contract (AUD)						A$31,601						$22,850						01/06/22						$	126											Derivative asset
Foreign currency forward contract (AUD)						A$2,099						$1,508						01/06/22						18												Derivative asset
Foreign currency forward contract (AUD)						$20,727						A$28,700						01/06/22						(139)												Derivative liability
Foreign currency forward contract (AUD)						$3,580						A$5,000						04/08/22						(55)												Derivative liability
Foreign currency forward contract (AUD)						$18,247						A$25,386						04/08/22						(215)												Derivative liability
Foreign currency forward contract (CAD)						$3,230						$2,528						01/06/22						29												Derivative asset
Foreign currency forward contract (CAD)						$3,000						$2,425						01/06/22						(50)												Derivative liability
Foreign currency forward contract (CAD)						$4,881						$6,230						01/06/22						(51)												Derivative liability
Foreign currency forward contract (CAD)						$2,506						$3,203						04/08/22						(29)												Derivative liability
Foreign currency forward contract (DKK)						2,143kr.						$326						01/06/22						1												Derivative asset
Foreign currency forward contract (DKK)						$335						2,143kr.						01/06/22						7												Derivative asset
Foreign currency forward contract (DKK)						$323						2,116kr.						04/08/22						(1)												Derivative liability
Foreign currency forward contract (EUR)						€52,583						$59,524						01/06/22						275												Derivative asset
Foreign currency forward contract (EUR)						€5,020						$5,701						04/08/22						18												Derivative asset
Foreign currency forward contract (EUR)						$24,722						€21,500						01/06/22						271												Derivative asset
Foreign currency forward contract (EUR)						$14,563						€12,900						01/06/22						(108)												Derivative liability
Foreign currency forward contract (EUR)						$20,655						€18,183						01/06/22						(23)												Derivative liability
Foreign currency forward contract (EUR)						$60,413						€53,265						04/08/22						(282)												Derivative liability
Foreign currency forward contract (EUR)						$1,130						€1,000						04/08/22						(10)												Derivative liability
Foreign currency forward contract (EUR)						$8,514						€7,500						04/08/22						(33)												Derivative liability
Foreign currency forward contract (GBP)						£9,900						$13,220						01/06/22						190												Derivative asset
Foreign currency forward contract (GBP)						$13,349						£9,900						01/06/22						(60)												Derivative liability
Foreign currency forward contract (GBP)						$6,122						£4,599						04/08/22						(104)												Derivative liability
Foreign currency forward contract (SEK)						1,792kr						$198						01/07/22						—												Derivative liability
Foreign currency forward contract (SEK)						$204						1,792kr						01/07/22						6												Derivative asset
Foreign currency forward contract (SEK)						$207						1,875kr						04/08/22						—												Derivative asset
Total																								$	(219)

Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location

Net realized gains or losses on forward currency contracts are included in “Net realized gains (losses) - foreign currency transactions” in the Company’s Unaudited Consolidated Statements of Operations. Net realized gains or losses on forward contracts recognized by the Company for the three and nine months ended September 30, 2022 and 2021 are shown in the following table:

			Three Months Ended						Three Months Ended						Nine Months Ended						Nine Months Ended
($ in thousands)			September 30, 2022						September 30, 2021						September 30, 2022						September 30, 2021
Forward currency contracts			$	10,466					$	(676)					$	10,468					$	(826)

Net unrealized appreciation or depreciation on forward contracts are included in “Net unrealized appreciation (depreciation) - foreign currency transactions” in the Company’s Unaudited Consolidated Statements of Operations. Net unrealized appreciation or depreciation on forward contracts recognized by the Company for the three and nine months ended September 30, 2022 and 2021 are shown in the following table:

			Three Months Ended						Three Months Ended						Nine Months Ended						Nine Months Ended
($ in thousands)			September 30, 2022						September 30, 2021						September 30, 2022						September 30, 2021
Forward currency contracts			$	3,454					$	1,057					$	15,238					$	930

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