XML 65 R53.htm IDEA: XBRL DOCUMENT v3.25.3
Transactions with Related Parties - Narrative (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2025
component
Apr. 01, 2022
Mar. 31, 2022
Jan. 01, 2022
Dec. 31, 2021
Sep. 30, 2025
USD ($)
Sep. 30, 2024
USD ($)
Sep. 30, 2025
USD ($)
Sep. 30, 2024
USD ($)
Dec. 31, 2024
USD ($)
Transactions with Related Parties                    
Base management fees           $ 17,264 $ 11,542 $ 47,208 $ 30,169  
Administrative agreement service fee           1,189 790 3,247 2,039  
Accounts payable and accrued expenses           25,418   25,418   $ 19,977
Related Party                    
Transactions with Related Parties                    
Accounts payable           37   $ 37   0
Related Party | Monroe Capital LLC | Wendel                    
Transactions with Related Parties                    
Subsidiary, ownership percentage, parent 75.00%                  
MC Advisors | Related Party                    
Transactions with Related Parties                    
Number of components | component 2                  
Initial base management fee, percentage   1.25% 1.50%              
Base management fee, percentage               1.75%    
Base management fees           17,264 11,542 $ 47,208 30,169  
Quarterly hurdle rate percentage   1.50%           1.50%    
Annual hurdle rate percentage   6.00%           6.00%    
Incentive fee payable as a percentage of pre-incentive fee net investment income, if such income does not exceed the hurdle rate in any calendar quarter   0.00%                
Incentive fee payable as a percentage of pre-incentive fee net investment income, if portion of such income exceeds the hurdle rate but is less than the specified hurdle rate in any calendar quarter   100.00%                
Specified percentage of hurdle rate, considered for payment of incentive fee, prior to an exchange listing   1.7143% 1.76%              
Specified percentage of hurdle rate, considered for payment of incentive fee, following an exchange listing   1.88%                
Incentive fee payable as a percentage of pre-incentive fee net investment income, if such income exceeds the specified hurdle rate in any calendar quarter, prior to an exchange listing   12.50% 15.00%              
Incentive fee payable as a percentage of pre-incentive fee net investment income, if such income exceeds the specified hurdle rate in any calendar quarter, following an exchange listing   20.00%                
Percentage of company's realized capital gains payable as incentive fee       12.50% 15.00%          
MC Management | Related Party                    
Transactions with Related Parties                    
Administrative expenses           3,832 $ 2,876 $ 9,356 $ 7,172  
Accounts payable and accrued expenses           $ 1,261   $ 1,261   $ 805