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v3.23.1

AGREEMENTS AND RELATED PARTY TRANSACTIONS (Details) |  |  |  |  | 3 Months Ended |
--- | --- | --- | --- | --- | --- | ---
Aug. 02, 2022 qtr | Feb. 25, 2022 USD ($) | Dec. 23, 2020 USD ($) | Aug. 02, 2018 | Mar. 31, 2023 USD ($) | Mar. 31, 2022 USD ($) | Dec. 31, 2022 USD ($)
Related Party Transaction [Line Items] |  |  |  |  |  |  |
Management fee expense |  |  |  |  | $ 7,853,000 | $ 5,872,000 |
Base management fees payable |  |  |  |  | 7,853,000 |  | $ 7,981,000
Incentive fee expense |  |  |  |  | 9,604,000 | 4,754,000 |
Incentive management fees payable |  |  |  |  | 9,604,000 |  | 0
Administrative fees payable |  |  |  |  | 700,000 | 1,000,000 |
Administrative fees payable |  |  |  |  | $ 670,000 |  | $ 677,000
Look-back period provision | qtr | 12 |  |  |  |  |  |
Original Advisory Agreement | Affiliated Entity |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |
Base management fee, percent | 1.375% |  |  |  |  |  |
Incentive fee, percent |  |  |  | 2.00% |  |  |
Amended and Restated Advisory Agreement | Affiliated Entity |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |
Base management fee, percent |  |  | 1.25% |  |  |  |
New Barings BDC Advisory Agreement | Affiliated Entity |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |
Incentive fee, percent |  | 2.0625% |  |  |  |  |
Original Advisory Agreement - Annualized Incentive Fee Rate | Affiliated Entity |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |
Base management fee |  |  |  | 8.00% |  |  |
New Barings BDC Advisory Agreement - Annualized Incentive Fee Rate | Affiliated Entity |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |
Base management fee |  | 8.25% |  |  |  |  |
Investment Advisory Agreement | Affiliated Entity |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |
Base management fee |  |  |  |  | 1.25% |  |
Investment Management Agreement - Incentive Rate, Quarterly Hurdle Rate | Affiliated Entity |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |
Incentive fee, percent |  |  |  | 2.0625% |  |  |
Investment Management Agreement - Incentive Rate, Annualized Hurdle Rate | Affiliated Entity |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |
Incentive fee, percent |  |  |  | 8.25% |  |  |
Investment Management Agreement - Incentive Rate, Pre-Incentive Fee Net Investment Income Below Catch-Up Threshold | Affiliated Entity |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |
Incentive fee, percent |  |  |  | 100.00% |  |  |
Investment Management Agreement - Incentive Rate, Quarterly Catch-Up Threshold | Affiliated Entity |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |
Incentive fee, percent |  |  |  | 2.57813% |  |  |
Investment Management Agreement - Incentive Rate, Annual Catch-Up Threshold | Affiliated Entity |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |
Incentive fee, percent |  |  |  | 10.3125% |  |  |
Investment Management Agreement - Incentive Rate, Pre-Incentive Fee Net Investment Income Exceeds Catch-Up Threshold | Affiliated Entity |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |
Incentive fee, percent |  |  |  | 20.00% |  |  |
Pre-Incentive Fee Net Investment Income For Trailing Twelve Quarters Exceeds Catch-Up Amount | Affiliated Entity |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |
Incentive fee, percent |  |  |  | 20.00% |  |  |
Investment Management Agreement - Incentive Rate, Cumulative Pre-Incentive Fee Net Return | Affiliated Entity |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |
Incentive fee, percent |  |  |  | 20.00% |  |  |
Investment Management Agreement - Incentive Rate, Realized Capital Gains |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |
Incentive fee expense |  |  |  |  | $ 0 | 0 |
Investment Management Agreement - Incentive Rate, Realized Capital Gains | Affiliated Entity |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |
Incentive fee, percent |  |  |  | 20.00% |  |  |
Investment Management Agreement - Incentive Rate, Pre-Incentive Fee Net Investment Income |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |
Incentive fee expense |  |  |  |  | $ 9,600,000 | $ 4,800,000 |
MVC Credit Support Agreement | Affiliated Entity |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |
Related party transaction amount (up to) |  |  | $ 23,000,000 |  |  |  |
Related party transaction, term |  |  | 10 years |  |  |  |
Sierra Credit Support Agreement | Affiliated Entity |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |
Related party transaction amount (up to) |  | $ 100,000,000 |  |  |  |  |
Related party transaction, term |  | 10 years |  |  |  |  |
MVC Credit Support Agreement - Covered Credit Losses Minimum | Affiliated Entity |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |
Related party transaction amount (up to) |  |  | $ 0.00 |  |  |  |

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