XML 41 R30.htm IDEA: XBRL DOCUMENT v3.25.2
AGREEMENTS AND RELATED PARTY TRANSACTIONS (Details)
3 Months Ended 6 Months Ended 12 Months Ended
May 08, 2025
USD ($)
Feb. 25, 2022
USD ($)
Jan. 01, 2021
qtr
Dec. 23, 2020
USD ($)
Aug. 02, 2018
Jun. 30, 2025
USD ($)
component
Jun. 30, 2024
USD ($)
Jun. 30, 2025
USD ($)
component
Jun. 30, 2024
USD ($)
Dec. 31, 2018
Dec. 31, 2024
USD ($)
Related Party Transaction [Line Items]                      
Look-back period provision | qtr     12                
Base management fee           $ 8,193,000 $ 8,190,000 $ 16,211,000 $ 16,469,000    
Base management fees payable           8,193,000   8,193,000     $ 7,888,000
Incentive management fees           11,117,000 1,122,000 18,855,000 9,289,000    
Incentive management fees payable           11,117,000   11,117,000     7,871,000
Administrative fees expenses           400,000 400,000 700,000 1,000,000.0    
Administrative fees payable           356,000   356,000     $ 540,000
Proceeds from termination of CSA               23,000,000 0    
Gain on credit support agreement           $ 9,400,000 0 9,400,000 0    
Net realized gains               (28,816,000) (9,101,000)    
Barings LLC | MVC Credit Support Agreement                      
Related Party Transaction [Line Items]                      
Expected proceeds from termination $ 23,000,000                    
Proceeds from termination of CSA               23,000,000      
Gain on credit support agreement               $ 9,400,000      
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, percent   8.00%                  
New Barings BDC Advisory Agreement - Annualized Incentive Fee Rate | Affiliated Entity                      
Related Party Transaction [Line Items]                      
Base management fee, percent   8.25%                  
Investment Advisory Agreement | Affiliated Entity                      
Related Party Transaction [Line Items]                      
Base management fee, percent               1.25%      
Investment Management Agreement | Related Party                      
Related Party Transaction [Line Items]                      
Number of components | component           2   2      
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     2.57812%                
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 | 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 management fees           $ 11,100,000 1,100,000 $ 18,900,000 9,300,000    
Investment Management Agreement - Incentive Rate, Capital Gain Fee                      
Related Party Transaction [Line Items]                      
Incentive management fees           $ 0 $ 0 $ 0 $ 0    
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              
MVC Credit Support Agreement - Covered Credit Losses Minimum | Affiliated Entity                      
Related Party Transaction [Line Items]                      
Related party transaction amount (up to)       $ 0.00              
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                  
Sierra Credit Support Agreement Covered Credit Losses Minimum | Affiliated Entity                      
Related Party Transaction [Line Items]                      
Related party transaction amount (up to)   $ 0.00