XML 40 R28.htm IDEA: XBRL DOCUMENT v3.23.2
Related Party Transactions (Tables)
 6 Months Ended
Jun. 30, 2023
Related Party Transactions [Abstract]  
Schedule of transactions related to investments in affiliated companies during the six months ended June 30, 2023 in which the portfolio company was an "affiliated person" (as defined in the 1940 Act) and/or an "affiliated person" that the Company is deemed to "control" (as defined in the 1940 Act) are as follows:

 

Portfolio Company

 

Fair Value as of December 31, 2022

 

 

Gross Additions

 

 

Gross Reductions

 

 

Change in Unrealized Appreciation

 

 

Realized Gains (Losses)

 

 

Fair Value as of June 30, 2023

 

 

Dividend, Interest, and PIK Income

 

 

Other Income

 

Non-Controlled/affiliate investment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ADT Pizza, LLC, Equity Interest (1)

$

 

14,581

 

$

 

11

 

$

 

—

 

$

 

(11

)

$

 

—

 

$

 

14,581

 

$

 

—

 

$

 

—

 

Ansett Aviation Training First Lien Senior Secured Loan

 

 

4,818

 

 

 

—

 

 

 

—

 

 

 

(105

)

 

 

—

 

 

 

4,713

 

 

 

195

 

 

 

—

 

Ansett Aviation Training Equity Interest (1)

 

 

5,310

 

 

 

—

 

 

 

—

 

 

 

1,458

 

 

 

—

 

 

 

6,768

 

 

 

—

 

 

 

—

 

BCC Middle Market CLO 2018-1, LLC. Equity Interest

 

 

22,763

 

 

 

—

 

 

 

—

 

 

 

396

 

 

 

—

 

 

 

23,159

 

 

 

3,005

 

 

 

—

 

Blackbrush Oil & Gas, L.P. First Lien Senior Secured Loan

 

 

9,040

 

 

 

92

 

 

 

—

 

 

 

(1

)

 

 

—

 

 

 

9,131

 

 

 

558

 

 

 

—

 

Blackbrush Oil & Gas, L.P. Equity Interest (1)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Blackbrush Oil & Gas, L.P. Preferred Equity (1)

 

 

30,785

 

 

 

—

 

 

 

—

 

 

 

2,243

 

 

 

—

 

 

 

33,028

 

 

 

—

 

 

 

—

 

Direct Travel, Inc. First Lien Senior Secured Loan

 

 

4,841

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

4,841

 

 

 

274

 

 

 

—

 

Direct Travel, Inc. First Lien Senior Secured Loan - Delayed Draw

 

 

3,440

 

 

 

17

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

3,457

 

 

 

228

 

 

 

—

 

Direct Travel, Inc. First Lien Senior Secured Loan - Delayed Draw

 

 

1,741

 

 

 

23

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

1,764

 

 

 

88

 

 

 

—

 

Direct Travel, Inc. First Lien Senior Secured Loan

 

 

58,721

 

 

 

621

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

59,342

 

 

 

4,004

 

 

 

—

 

Direct Travel, Inc. First Lien Senior Secured Loan - Delayed Draw

 

 

4,125

 

 

 

450

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

4,575

 

 

 

278

 

 

 

—

 

Direct Travel, Inc. First Lien Senior Secured Loan

 

 

202

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

202

 

 

 

12

 

 

 

—

 

Direct Travel, Inc. Equity Interest (1)

 

 

13,033

 

 

 

—

 

 

 

—

 

 

 

6

 

 

 

—

 

 

 

13,039

 

 

 

—

 

 

 

—

 

Walker Edison First Furniture Company LLC Equity Interest (1)

 

 

—

 

 

 

5,593

 

 

 

—

 

 

 

(959

)

 

 

—

 

 

 

4,634

 

 

 

—

 

 

 

—

 

Walker Edison First Furniture Company LLC First Lien Senior Secured Loan

 

 

—

 

 

 

5,418

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

5,418

 

 

 

205

 

 

 

—

 

Walker Edison First Furniture Company LLC First Lien Senior Secured Loan - Revolver

 

 

—

 

 

 

3,182

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

3,182

 

 

 

141

 

 

 

—

 

Walker Edison First Furniture Company LLC First Lien Senior Secured Loan - Delayed Draw

 

 

—

 

 

 

161

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

161

 

 

 

2

 

 

 

—

 

Total Non-Controlled/affiliate investment

$

 

173,400

 

$

 

15,568

 

$

 

—

 

$

 

3,027

 

$

 

—

 

$

 

191,995

 

$

 

8,990

 

$

 

—

 

Controlled affiliate investment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Bain Capital Senior Loan Program, LLC Subordinated Note Investment Vehicles

$

 

50,995

 

$

 

65,000

 

$

 

—

 

$

 

—

 

$

 

—

 

$

 

115,995

 

$

 

3,719

 

$

 

—

 

Bain Capital Senior Loan Program, LLC Class A Preferred Equity Interests Investment Vehicles

 

 

(644

)

 

 

—

 

 

 

—

 

 

 

(436

)

 

 

—

 

 

 

(1,080

)

 

 

1,346

 

 

 

—

 

Bain Capital Senior Loan Program, LLC Class B Equity Interests Investment Vehicles

 

 

3,347

 

 

 

—

 

 

 

—

 

 

 

(1,468

)

 

 

—

 

 

 

1,879

 

 

 

3,815

 

 

 

—

 

BCC Jetstream Holdings Aviation (On II), LLC, First Lien Senior Secured Loan

 

 

6,400

 

 

 

—

 

 

 

—

 

 

 

411

 

 

 

—

 

 

 

6,811

 

 

 

(1,010

)

 

 

—

 

BCC Jetstream Holdings Aviation (On II), LLC, Equity Interest (1)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

BCC Jetstream Holdings Aviation (Off I), LLC, Equity Interest (1)

 

 

10,388

 

 

 

—

 

 

 

—

 

 

 

475

 

 

 

—

 

 

 

10,863

 

 

 

—

 

 

 

—

 

Gale Aviation (Offshore) Co, Equity Interest

 

 

91,326

 

 

 

—

 

 

 

—

 

 

 

(1,654

)

 

 

—

 

 

 

89,672

 

 

 

6,022

 

 

 

—

 

International Senior Loan Program, LLC, Equity Interest Investment Vehicle

 

 

62,630

 

 

 

—

 

 

 

—

 

 

 

3,201

 

 

 

—

 

 

 

65,831

 

 

 

2,871

 

 

 

—

 

International Senior Loan Program, LLC, Subordinated Note Investment Vehicle

 

 

186,979

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

186,979

 

 

 

12,208

 

 

 

—

 

Legacy Corporate Lending HoldCo, LLC Equity Interest

 

 

—

 

 

 

641

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

641

 

 

 

—

 

 

 

—

 

Legacy Corporate Lending HoldCo, LLC Preferred Equity

 

 

—

 

 

 

5,175

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

5,175

 

 

 

—

 

 

 

—

 

Lightning Holdings Equity Interest (1)

 

 

27,209

 

 

 

9,636

 

 

 

—

 

 

 

4,587

 

 

 

—

 

 

 

41,432

 

 

 

—

 

 

 

—

 

Total Controlled affiliate investment

$

 

438,630

 

$

 

80,452

 

$

 

—

 

$

 

5,116

 

$

 

—

 

$

 

524,198

 

$

 

28,971

 

$

 

—

 

Total

$

 

612,030

 

$

 

96,020

 

$

 

—

 

$

 

8,143

 

$

 

—

 

$

 

716,193

 

$

 

37,961

 

$

 

—

 

 

 

(1) Non-income producing

Transactions during the year ended December 31, 2022 in which the issuer was either an Affiliated Person or an Affiliated Person that the Company is deemed to Control are as follows:

 

 

Fair Value

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value

 

 

 

 

 

 

 

as of

 

 

 

 

 

 

 

Change in

 

Realized

 

as of

 

Dividend,

 

 

 

 

 

December 31,

 

Gross

 

Gross

 

Unrealized

 

Gains

 

December 31,

 

Interest, and

 

Other

 

Portfolio Company

2021

 

Additions

 

Reductions

 

Appreciation

 

(Losses)

 

2022

 

PIK Income

 

Income

 

Non-Controlled/affiliate investment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ADT Pizza, LLC, Equity Interest (1)

$

 

19,527

 

$

 

1

 

$

 

—

 

$

 

(4,947

)

$

 

—

 

$

 

14,581

 

$

 

—

 

$

—

 

Ansett Aviation Training First Lien Senior Secured Loan

 

 

—

 

 

 

15,924

 

 

 

(9,830

)

 

 

(490

)

 

 

(786

)

 

 

4,818

 

 

 

486

 

 

—

 

Ansett Aviation Training Equity Interest

 

 

—

 

 

 

11,526

 

 

 

(7,115

)

 

 

1,468

 

 

 

(569

)

 

 

5,310

 

 

 

160

 

 

—

 

BCC Middle Market CLO 2018-1, LLC. Equity Interest

 

 

—

 

 

 

24,051

 

 

 

—

 

 

 

(1,288

)

 

 

—

 

 

 

22,763

 

 

 

4,109

 

 

 

—

 

Blackbrush Oil & Gas, L.P. First Lien Senior Secured Loan

 

 

12,336

 

 

 

1,029

 

 

 

(4,327

)

 

 

2

 

 

 

—

 

 

 

9,040

 

 

 

842

 

 

 

—

 

Blackbrush Oil & Gas, L.P. Equity Interest (1)

 

 

—

 

 

 

1

 

 

 

—

 

 

 

(1

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Blackbrush Oil & Gas, L.P. Preferred Equity (1)

 

 

19,720

 

 

 

1,674

 

 

 

—

 

 

 

9,391

 

 

 

—

 

 

 

30,785

 

 

 

—

 

 

 

—

 

Direct Travel, Inc. First Lien Senior Secured Loan

 

 

4,766

 

 

 

75

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

4,841

 

 

 

416

 

 

 

—

 

Direct Travel, Inc. First Lien Senior Secured Loan – Delayed Draw

 

 

2,831

 

 

 

70

 

 

 

—

 

 

 

539

 

 

 

—

 

 

 

3,440

 

 

 

365

 

 

 

—

 

Direct Travel, Inc. First Lien Senior Secured Loan – Delayed Draw

 

 

1,436

 

 

 

31

 

 

 

—

 

 

 

274

 

 

 

—

 

 

 

1,741

 

 

 

170

 

 

 

—

 

Direct Travel, Inc. First Lien Senior Secured Loan

 

 

48,347

 

 

 

1,165

 

 

 

—

 

 

 

9,209

 

 

 

—

 

 

 

58,721

 

 

 

6,196

 

 

 

—

 

Direct Travel, Inc. First Lien Senior Secured Loan – Delayed Draw

 

 

4,125

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

4,125

 

 

 

359

 

 

 

—

 

Direct Travel, Inc. First Lien Senior Secured Loan

 

 

202

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

202

 

 

 

18

 

 

 

—

 

Direct Travel, Inc. Equity Interest (1)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

13,033

 

 

 

—

 

 

 

13,033

 

 

 

—

 

 

 

—

 

Total Non-Controlled/affiliate investment

$

 

113,290

 

$

 

55,547

 

$

 

(21,272

)

$

 

27,190

 

$

 

(1,355

)

$

 

173,400

 

$

 

13,121

 

$

 

—

 

Controlled affiliate investment

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Bain Capital Senior Loan Program, LLC Subordinated Note Investment Vehicles

$

 

—

 

$

 

50,995

 

$

 

—

 

$

 

—

 

$

 

—

 

$

 

50,995

 

$

 

3,509

 

$

 

—

 

Bain Capital Senior Loan Program, LLC Class A Preferred Equity Interests Investment Vehicles

 

 

—

 

 

 

10

 

 

 

—

 

 

 

(654

)

 

 

—

 

 

 

(644

)

 

 

851

 

 

 

—

 

Bain Capital Senior Loan Program, LLC Class B Equity Interests Investment Vehicles

 

 

—

 

 

 

5,594

 

 

 

—

 

 

 

(2,247

)

 

 

—

 

 

 

3,347

 

 

 

2,413

 

 

 

—

 

BCC Jetstream Holdings Aviation (On II), LLC, First Lien Senior Secured Loan

 

 

6,627

 

 

 

636

 

 

 

—

 

 

 

(863

)

 

 

—

 

 

 

6,400

 

 

 

800

 

 

 

—

 

BCC Jetstream Holdings Aviation (On II), LLC, Equity Interest

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

100

 

 

 

—

 

BCC Jetstream Holdings Aviation (Off I), LLC, Equity Interest

 

 

10,563

 

 

 

—

 

 

 

—

 

 

 

(175

)

 

 

—

 

 

 

10,388

 

 

 

1,068

 

 

 

—

 

Gale Aviation (Offshore) Co, Equity Interest

 

 

72,839

 

 

 

1,465

 

 

 

—

 

 

 

17,022

 

 

 

—

 

 

 

91,326

 

 

 

8,804

 

 

 

—

 

International Senior Loan Program, LLC, Equity Interest Investment Vehicle

 

 

44,444

 

 

 

19,769

 

 

 

—

 

 

 

(1,583

)

 

 

—

 

 

 

62,630

 

 

 

5,165

 

 

 

—

 

International Senior Loan Program, LLC, Subordinated Note Investment Vehicle

 

 

125,437

 

 

 

61,542

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

186,979

 

 

 

15,510

 

 

 

—

 

Lightning Holdings B, LLC- Equity Interest (1)

 

 

14,851

 

 

 

11,421

 

 

 

—

 

 

 

937

 

 

 

—

 

 

 

27,209

 

 

 

—

 

 

 

—

 

Total Controlled affiliate investment

$

 

274,761

 

$

 

151,432

 

$

 

—

 

$

 

12,437

 

$

 

—

 

$

 

438,630

 

$

 

38,220

 

$

 

—

 

Total

$

 

388,051

 

$

 

206,979

 

$

 

(21,272

)

$

 

39,627

 

$

 

(1,355

)

$

 

612,030

 

$

 

51,341

 

$

 

—

 

 

(1) Non-income producing