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N-2 - $ / shares
6 Months Ended
Jun. 30, 2024
Dec. 31, 2023
Jun. 30, 2023
[1]
Dec. 31, 2022
Cover [Abstract]        
Entity Central Index Key 0001834543      
Amendment Flag false      
Securities Act File Number 814-01378      
Document Type 10-Q      
Entity Registrant Name BLACKROCK DIRECT LENDING CORP.      
Entity Address, Address Line One 2951 28th Street      
Entity Address, Address Line Two Suite 1000      
Entity Address, City or Town Santa Monica      
Entity Address, State or Province CA      
Entity Address, Postal Zip Code 90405      
City Area Code 310      
Local Phone Number 566-1094      
Entity Emerging Growth Company true      
Entity Ex Transition Period true      
General Description of Registrant [Abstract]        
Investment Objectives and Practices [Text Block]

The Company is a Delaware corporation formed on October 12, 2020 and is an externally managed, closed-end, non-diversified management investment company. We have elected to be regulated as a BDC under the 1940 Act. Our investment objective is to achieve high risk-adjusted returns produced primarily from current income generated by investing primarily in senior secured corporate debt instruments. We seek to achieve our investment objective through investments in privately-originated, performing senior secured debt primarily in North America-based companies with target enterprise values between $100 million and $1.5 billion. Performing debt is debt that at the time of investment is not defaulted or, in the view of the Advisor, distressed. The Company targets positions in first lien, second lien and unitranche debt, with a preference for floating-rate debt, which the Advisor believes provides flexibility to adapt to changing market conditions. The Company may invest in securities of any maturity and credit quality. Our investment activities will benefit from what we believe are the competitive advantages of our Advisor, including its diverse in-house skills, proprietary deal flow, and consistent and rigorous investment process focused on established, middle-market companies.

     
Risk Factors [Table Text Block]

Item 1A. Risk Factors

In addition to the other information set forth in this report, you should carefully consider the risk factors discussed below and the risk factors in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, which could materially affect our business, financial condition and/or operating results. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially and adversely affect our business, financial condition and/or operating results.

We are dependent upon senior management personnel of the Advisor for our future success; if the Advisor is unable to retain qualified personnel or if the Advisor loses any member of its senior management team, our ability to achieve our investment objective could be significantly harmed.

The success of the Company is highly dependent on the financial and managerial expertise of the Advisor. The loss of one or more of the voting members of the Investment Committee could have a material adverse effect on the performance of the Company. Although the Advisor and the voting members of the Investment Committee devote a significant amount of their respective efforts to the Company, they actively manage investments for other clients and are not required to (and will not) devote all of their time to the Company’s affairs. In addition, in connection with the acquisition of TCP (a wholly-owned subsidiary of the Advisor) by BlackRock in August 2018, certain senior members of the Advisor's investment team and other key advisory personnel were granted retention bonuses. As the last of such retention bonuses have recently been paid, there may be less economic incentive for certain senior investment team members and certain other key personnel to remain with the Advisor than in prior periods. Certain members of the Advisor's investment team that received such bonuses have left the firm. The loss of key members of the Advisor’s investment team, or a material portion of other key advisory personnel, could have a material adverse effect on the performance of the Company if the Advisor were unable to replace such persons in a timely manner.

     
NAV Per Share $ 10.1 [1] $ 10.06 $ 10.23 $ 10.03
[1] Per share changes in net asset value are computed based on the actual number of shares outstanding during the time such activity occurred.