XML 19 R4.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Balance Sheets (Parenthetical) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Investments, cost $ 2,535,576 [1] $ 2,562,398
Foreign currencies, cost $ 13,023 $ 42,627
Common stock par value (in dollars per share) $ 0.001 $ 0.001
Common stock, shares authorized (in shares) 150,000,000 150,000,000
Common stock, shares issued (in shares) 106,067,070 107,916,166
Common stock, shares outstanding (in shares) 106,067,070 107,916,166
Credit Support Agreements    
Derivate asset, cost $ 58,000  
Non-Control / Non-Affiliate investments    
Investments, cost 2,053,548 $ 2,191,345
Affiliate investments    
Investments, cost 378,865 275,482
Control investments    
Investments, cost $ 103,163 [2] $ 95,571
[1] Fair value as a percentage of net assets.
[2] As defined in the 1940 Act, the Company is deemed to be both an “affiliated person” and “control” the portfolio company because it owns more than 25% of the portfolio company’s outstanding voting securities or it has the power to exercise control over the management or policies of such portfolio company (including through a management agreement). Transactions as of and during the year ended December 31, 2023 in which the portfolio company is deemed to be a “Control Investment” of the Company were as follows:
December 31, 2022
Value		Gross Additions
(a)		Gross Reductions (b)Amount of Realized Gain (Loss)Amount of Unrealized Gain (Loss)December 31, 2023
Value		Amount of Interest or Dividends Credited to Income(c)
Portfolio CompanyType of Investment
Black Angus Steakhouses, LLC(d)
First Lien Senior Secured Term Loan (14.4% PIK)
$5,647 $1,330 $— $— $189 $7,166 $1,401 
First Lien Senior Secured Term Loan (10.0% PIK)(e)
9,147 — — — (4,278)4,869 — 
LLC Units (44.6 units)
— — — — — — — 
14,794 1,330 — — (4,089)12,035 1,401 
MVC Automotive Group GmbH(d)
Bridge Loan (4.5% Cash, 1.5% PIK)
7,149 2,613 — — — 9,762 587 
Common Equity Interest (18,000 Shares)
9,675 — — — 5,755 15,430 — 
16,824 2,613 — — 5,755 25,192 587 
MVC Private Equity Fund LP
General Partnership Interest
(1,831.4 units)
45 — (24)— 3 24 95 
Limited Partnership Interest
(71,790.4 units)
1,793 — (940)— 128 981 — 
1,838 — (964)— 131 1,005 95 
Security Holdings B.V(d)
Bridge Loan (5.0% PIK,)
6,020 308 — — — 6,328 309 
2023 Revolver (6.0% Cash)
— 3,840 (22)— 48 3,866 168 
Senior Subordinated Term Loan (3.1% PIK)
10,534 333 — — — 10,867 379 
Senior Unsecured Term Loan (6.0% Cash, 9.0% PIK)
2,015 154 — — 67 2,236 374 
Common Stock Series A (17,100 shares)
575 — — — (264)311 — 
Common Stock Series B (1,236 shares)
53,728 — — — (24,648)29,080 — 
72,872 4,635 (22)— (24,797)52,688 1,230 
Total Control Investments$106,328 $8,578 $(986)$— $(23,000)$90,920 $3,313 
(a) Gross additions include increases in the cost basis of investments resulting from new investments, follow-on investments, payment-in-kind interest or dividends, the amortization of any unearned income or discounts on debt investments, as applicable.
(b)     Gross reductions include decreases in the total cost basis of investments resulting from principal repayments, sales and return of capital.
(c)    Represents the total amount of interest, fees or dividends credited to income for the portion of the year an investment was included in the Control category.
(d) The fair value of the investment was determined using significant unobservable inputs.
(e) Non-accrual investment.