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DERIVATIVE INSTRUMENTS - Schedule of Significant Unobservable Inputs used in Valuation (Details) - Barings LLC $ in Thousands | Mar. 31, 2024 USD ($) | Dec. 31, 2023 USD ($)
--- | --- | ---
MVC Credit Support Agreement |  |
Derivative [Line Items] |  |
Fair Value | $ 16,050 | $ 17,300
MVC Credit Support Agreement | Minimum | Time Until Exit (years) | Income Approach |  |
Derivative [Line Items] |  |
Measurement input | 2.3 | 2.3
MVC Credit Support Agreement | Minimum | Discount Rate | Income Approach |  |
Derivative [Line Items] |  |
Measurement input | 0.067 | 0.067
MVC Credit Support Agreement | Maximum | Time Until Exit (years) | Income Approach |  |
Derivative [Line Items] |  |
Measurement input | 5.3 | 5.3
MVC Credit Support Agreement | Maximum | Discount Rate | Income Approach |  |
Derivative [Line Items] |  |
Measurement input | 0.077 | 0.077
MVC Credit Support Agreement | Weighted Average | Time Until Exit (years) | Income Approach |  |
Derivative [Line Items] |  |
Measurement input | 3.8 | 3.8
MVC Credit Support Agreement | Weighted Average | Discount Rate | Income Approach |  |
Derivative [Line Items] |  |
Measurement input | 0.072 | 0.072
Sierra Credit Support Agreement |  |
Derivative [Line Items] |  |
Fair Value | $ 35,400 | $ 40,500
Sierra Credit Support Agreement | Minimum | Enterprise/Equity Value | Simulation Analysis |  |
Derivative [Line Items] |  |
Measurement input | 18 | 91
Sierra Credit Support Agreement | Minimum | Asset Volatility | Simulation Analysis |  |
Derivative [Line Items] |  |
Measurement input | 0.350 | 0.350
Sierra Credit Support Agreement | Minimum | Time Until Exit (years) | Simulation Analysis |  |
Derivative [Line Items] |  |
Measurement input | 0.0 | 0.0
Sierra Credit Support Agreement | Minimum | Discount Rate | Simulation Analysis |  |
Derivative [Line Items] |  |
Measurement input | 0.072 | 0.057
Sierra Credit Support Agreement | Minimum | Recovery Rate | Simulation Analysis |  |
Derivative [Line Items] |  |
Measurement input | 0.000 | 0.000
Sierra Credit Support Agreement | Maximum | Enterprise/Equity Value | Simulation Analysis |  |
Derivative [Line Items] |  |
Measurement input | 168,600 | 159,700
Sierra Credit Support Agreement | Maximum | Asset Volatility | Simulation Analysis |  |
Derivative [Line Items] |  |
Measurement input | 0.500 | 0.500
Sierra Credit Support Agreement | Maximum | Time Until Exit (years) | Simulation Analysis |  |
Derivative [Line Items] |  |
Measurement input | 7.8 | 8.1
Sierra Credit Support Agreement | Maximum | Recovery Rate | Simulation Analysis |  |
Derivative [Line Items] |  |
Measurement input | 0.700 | 0.700
Sierra Credit Support Agreement | Weighted Average | Enterprise/Equity Value | Simulation Analysis |  |
Derivative [Line Items] |  |
Measurement input | 84,308 | 79,900
Sierra Credit Support Agreement | Weighted Average | Asset Volatility | Simulation Analysis |  |
Derivative [Line Items] |  |
Measurement input | 0.425 | 0.425
Sierra Credit Support Agreement | Weighted Average | Time Until Exit (years) | Simulation Analysis |  |
Derivative [Line Items] |  |
Measurement input | 3.9 | 4.1
Sierra Credit Support Agreement | Weighted Average | Discount Rate | Simulation Analysis |  |
Derivative [Line Items] |  |
Measurement input | 0.072 | 0.057
Sierra Credit Support Agreement | Weighted Average | Recovery Rate | Simulation Analysis |  |
Derivative [Line Items] |  |
Measurement input | 0.350 | 0.350

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