XML 26 R5.htm IDEA: XBRL DOCUMENT v3.24.1
Consolidated Statement of Changes in Net Assets - USD ($)
$ in Thousands
12 Months Ended 24 Months Ended
Dec. 31, 2021
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2023
Beginning Balance, Shares   22,126,135 12,000,000 12,000,000
Beginning Balance, Net assets   $ 481,846 $ 301,998 [1] $ 301,998 [1]
Operations:        
Net investment income $ 294 96,142 39,352  
Net realized gain 79 2,439 3,523  
Net change in unrealized appreciation (depreciation) 1,625 37,095 (51,283)  
Net increase (decrease) in net assets resulting from shareholder distributions 1,998 [2] 135,676 (8,408)  
Shareholder distributions:        
Distributions paid or accrued/Distributions to shareholders   (96,770) (44,967)  
Net increase (decrease) in net assets resulting from shareholder distributions   (96,770) (44,967)  
Capital Share Transactions:        
Common Shares issued from reinvestment of distributions, shares       5,406,757
Common Shares issued from reinvestment of distributions   81,084 43,223 $ 124,305
Issuance of preferred shares [3]   $ 750    
Issuance of common shares, shares   100,000,000    
Issuance of common shares 300,000 $ 335,000 190,000  
Net increase (decrease) for the period $ 301,998 $ 455,740 $ 179,848  
Ending Balance, Shares 12,000,000 40,279,212 22,126,135 40,279,212
Ending Balance, Net assets $ 301,998 [1] $ 937,586 $ 481,846 $ 937,586
Preferred Shares        
Capital Share Transactions:        
Issuance of preferred shares, shares [3]   250    
Net increase (decrease) for the period, shares   250    
Ending Balance, Shares   250   250
Common Shares        
Beginning Balance, Shares   22,126,135 12,000,000 [1] 12,000,000 [1]
Beginning Balance, Net assets   $ 22 $ 12 [1] $ 12 [1]
Capital Share Transactions:        
Common Shares issued from reinvestment of distributions, shares   3,568,598 1,838,162  
Common Shares issued from reinvestment of distributions   $ 3 $ 2  
Issuance of common shares, shares 12,000,000 14,584,479 8,287,973  
Issuance of common shares $ 12 $ 15 $ 8  
Net increase (decrease) for the period, shares 12,000,000 18,153,077 10,126,135  
Net increase (decrease) for the period $ 12 $ 18 $ 10  
Ending Balance, Shares 12,000,000 [1] 40,279,212 22,126,135 40,279,212
Ending Balance, Net assets $ 12 [1] $ 40 $ 22 $ 40
Paid-in-Capital in Excess of Par Value        
Beginning Balance, Net assets   535,300 299,988 [1] 299,988 [1]
Capital Share Transactions:        
Common Shares issued from reinvestment of distributions   81,081 43,221  
Issuance of preferred shares [3]   750    
Issuance of common shares 299,988 334,985 189,992  
Tax reclassification of shareholder's equity in accordance with generally accepted accounting principles   773 2,099  
Net increase (decrease) for the period 299,988 417,589 235,312  
Ending Balance, Net assets 299,988 [1] 952,889 535,300 952,889
Accumulated Earnings (Loss), Net of Distributions        
Beginning Balance, Net assets   (53,476) 1,998 [1] 1,998 [1]
Operations:        
Net investment income 294 96,142 39,352  
Net realized gain 79 2,439 3,523  
Net change in unrealized appreciation (depreciation) 1,625 37,095 (51,283)  
Net increase (decrease) in net assets resulting from shareholder distributions 1,998 135,676 (8,408)  
Shareholder distributions:        
Distributions paid or accrued/Distributions to shareholders   (96,770) (44,967)  
Net increase (decrease) in net assets resulting from shareholder distributions   (96,770) (44,967)  
Capital Share Transactions:        
Tax reclassification of shareholder's equity in accordance with generally accepted accounting principles   (773) (2,099)  
Net increase (decrease) for the period 1,998 38,133 (55,474)  
Ending Balance, Net assets $ 1,998 [1] $ (15,343) $ (53,476) $ (15,343)
[1] The Company converted from MSD Investment, LLC to MSD Investment Corp. on January 1, 2022.
[2] The Company was initially capitalized and commenced operations on December 21, 2021.
[3] Issuance of preferred shares par value is zero due to rounding.