http://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMembertruefalsehttp://www.monroebdc.com/20220930#AscentMidcoLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap/2022#HealthcareSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMembertruetruehttp://www.monroebdc.com/20220930#FamiliaDentalGroupHoldingsLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap/2022#HealthcareSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMembertruetruehttp://www.monroebdc.com/20220930#MnineHoldingsIncMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap/2022#CommercialAndIndustrialSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMembertruetruehttp://www.monroebdc.com/20220930#CurionHoldingsLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMembertruetruehttp://www.monroebdc.com/20220930#NECBCollectionsLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerControlledMembertruefalsehttp://www.monroebdc.com/20220930#MRCCSeniorLoanFundILLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#InvestmentFundsVehiclesMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#AerospaceSectorMemberhttp://fasb.org/us-gaap/2022#NonUsMemberhttp://fasb.org/us-gaap-sup/2022q3#AerospaceSectorMemberhttp://fasb.org/us-gaap/2022#NonUsMemberhttp://fasb.org/us-gaap/2022#PrimeRateMemberhttp://fasb.org/us-gaap-sup/2022q3#AerospaceSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap-sup/2022q3#AerospaceSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#AutomotiveSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap-sup/2022q3#AutomotiveSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap-sup/2022q3#AutomotiveSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap-sup/2022q3#AutomotiveSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap-sup/2022q3#AutomotiveSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap-sup/2022q3#AutomotiveSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://xbrl.sec.gov/country/2022#UShttp://www.monroebdc.com/20220930#CBCRestaurantCorpMemberhttp://www.monroebdc.com/20220930#BeverageFoodAndTobaccoSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://www.monroebdc.com/20220930#BeverageFoodAndTobaccoSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UShttp://www.monroebdc.com/20220930#CapitalEquipmentSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#CapitalEquipmentSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#ChemicalsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#ConstructionSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UShttp://www.monroebdc.com/20220930#ConsumerSectorDurableMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#ConsumerSectorDurableMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UShttp://www.monroebdc.com/20220930#ConsumerSectorNon-DurableMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#ContainerAndPackagingSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap-sup/2022q3#ContainerAndPackagingSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap-sup/2022q3#ContainerAndPackagingSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap-sup/2022q3#ContainerAndPackagingSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UShttp://www.monroebdc.com/20220930#UtilitiesOilGasSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#UtilitiesOilGasSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#UtilitiesOilGasSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UShttp://www.monroebdc.com/20220930#FireFinanceMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#FireFinanceMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#FireFinanceMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UShttp://www.monroebdc.com/20220930#FireRealEstateSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UShttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#CorelIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#LightboxIntermediateL.PMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#LWBuyerLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#TGGTSAcquisitionCompanyMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#ExcelFitnessHoldingsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#HotelsGamingLeisureSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#NorthHavenSpartanUSHoldcoLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#HotelsGamingLeisureSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#TaitLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#HotelsGamingLeisureSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#TaitLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#HotelsGamingLeisureSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#CadentLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#MediaAdvertisingPrintingPublishingSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#CadentLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#MediaAdvertisingPrintingPublishingSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#ResearchNowGroupInc.andSurveySamplingInternationalLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#MediaDiversifiedProductionSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#STATSIntermediateHoldingsLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#MediaDiversifiedProductionSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#TheOctaveMusicGroupIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#MediaDiversifiedProductionSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#AQCarverBuyerIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#CHAHoldingsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#CHAHoldingsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#EliassenGroupLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#Engage2ExcelIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#Engage2ExcelIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#Engage2ExcelIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#OrbitPurchaserLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#OrbitPurchaserLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#OrbitPurchaserLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#OutputServicesGroupIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#SecretariatAdvisorsLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#SecretariatAdvisorsLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#SIRVAWorldwideIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#TeneoHoldingsLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#TheKleinfelderGroupIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#ThreeSixty360HoldcoIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#ThreeSixty360HoldcoIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#LaserawayIntermediateHoldingsIILLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#IntermediaHoldingsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#TelecommunicationsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#MavenirSystemsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#TelecommunicationsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#SandvineCorporationMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#TelecommunicationsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#KeystonePurchaserLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#TransportationSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#DresserUtilitySolutionsLLCfkaNGSUSFincoLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#UtilitiesOilGasSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#DresserUtilitySolutionsLLCfkaNGSUSFincoLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#UtilitiesOilGasSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BMCAcquisitionIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#WholesaleSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HALOBuyerIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#WholesaleSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AscentMidcoLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AscentMidcoLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AscentMidcoLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AscentMidcoLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#CurionHoldingsLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#CurionHoldingsLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#CurionHoldingsLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#CurionHoldingsLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#CurionHoldingsLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#FamiliaDentalGroupHoldingsLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#HFZCapitalGroupLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#HFZCapitalGroupLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#MCAssetManagementCorporateLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#MCAssetManagementCorporateLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#MCAssetManagementCorporateLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#MCAssetManagementIndustrialLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#VinciBrandsLLCfkaIncipioLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#VinciBrandsLLCfkaIncipioLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#VinciBrandsLLCfkaIncipioLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#VinciBrandsLLCfkaIncipioLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#VinciBrandsLLCfkaIncipioLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#VinciBrandsLLCfkaIncipioLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#VinciBrandsLLCfkaIncipioLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#VinciBrandsLLCfkaIncipioLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#VinciBrandsLLCfkaIncipioLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#LuxuryOpticalHoldingsCoMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#LuxuryOpticalHoldingsCoMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#LuxuryOpticalHoldingsCoMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#LuxuryOpticalHoldingsCoMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#LuxuryOpticalHoldingsCoMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#MnineHoldingsIncMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#MnineHoldingsIncMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#NECBCollectionsLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#NECBCollectionsLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#SHIHoldingsIncMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#SHIHoldingsIncMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#SHIHoldingsIncMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#SecondAvenueSFRHoldingsIILLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#SecondAvenueSFRHoldingsIILLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#SecondAvenueSFRHoldingsIILLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#SummitContainerCorporationMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#SummitContainerCorporationMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#SummitContainerCorporationMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#TJManagementHoldCoLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#TJManagementHoldCoLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerControlledMemberhttp://www.monroebdc.com/20220930#MRCCSeniorLoanFundILLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerControlledMemberhttp://fasb.org/us-gaap/2022#ForeignExchangeForwardMemberhttp://fasb.org/us-gaap/2022#ForeignExchangeForwardMemberhttp://fasb.org/us-gaap/2022#ForeignExchangeForwardMemberhttp://fasb.org/us-gaap/2022#ForeignExchangeForwardMember2154400021404000http://fasb.org/us-gaap/2022#ForeignExchangeForwardMemberhttp://fasb.org/us-gaap/2022#ForeignExchangeForwardMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#AutomotiveSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#AutomotiveSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#AutomotiveSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#AutomotiveSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#AutomotiveSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#AutomotiveSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#AutomotiveSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#AutomotiveSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#AutomotiveSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#AutomotiveSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsetruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BankingSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BankingSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BankingSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BankingSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsetruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#FoodAndBeverageSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#FoodAndBeverageSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#FoodAndBeverageSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#FoodAndBeverageSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#FoodAndBeverageSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#FoodAndBeverageSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#ToojaysManagementLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#FoodAndBeverageSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#ToojaysManagementLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#FoodAndBeverageSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#ToojaysManagementLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#FoodAndBeverageSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsetruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#AerospaceSectorMemberhttp://fasb.org/us-gaap/2022#NonUsMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#AerospaceSectorMemberhttp://fasb.org/us-gaap/2022#NonUsMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#AerospaceSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#AerospaceSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#AerospaceSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#AutomotiveSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#AutomotiveSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#AutomotiveSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#AutomotiveSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#AutomotiveSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#AutomotiveSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#AutomotiveSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#CBCRestaurantCorpMemberhttp://fasb.org/us-gaap-sup/2022q3#FoodAndBeverageSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#FoodAndBeverageSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#CapitalEquipmentSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#CapitalEquipmentSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#CapitalEquipmentSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#CapitalEquipmentSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#CapitalEquipmentSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#ChemicalsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#ChemicalsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#ConstructionSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#ConsumerSectorDurableMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#ConsumerSectorDurableMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#ConsumerSectorNon-DurableMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#ContainerAndPackagingSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#ContainerAndPackagingSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#ContainerAndPackagingSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#ContainerAndPackagingSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#EnergySectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#EnergySectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#EnergySectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#FinancialServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#FinancialServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#FinancialServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#RealEstateSectorMemberhttp://fasb.org/us-gaap/2022#NonUsMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#NonUsMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AscentMidcoLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AscentMidcoLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AscentMidcoLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#CurionHoldingsLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#CurionHoldingsLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#CurionHoldingsLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#CurionHoldingsLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#CurionHoldingsLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#FamiliaDentalGroupHoldingsLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#HFZCapitalGroupLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#HFZCapitalGroupLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#MCAssetManagementCorporateLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#MCAssetManagementCorporateLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#MCAssetManagementCorporateLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#MnineHoldingsIncMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#MnineHoldingsIncMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#NECBCollectionsLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#NECBCollectionsLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#SecondAvenueSFRHoldingsIILLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#SfrHoldcoLlcJuniorSecuredLoanMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#SfrHoldcoLlcEquitySecurities24.4OfInterestMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#TJManagementHoldCoLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#TJManagementHoldCoLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerControlledMemberhttp://www.monroebdc.com/20220930#MRCCSeniorLoanFundILLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerControlledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#CapitalEquipmentSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#CapitalEquipmentSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#CapitalEquipmentSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#CapitalEquipmentSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#ChemicalsSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#ChemicalsSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#ChemicalsSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#ChemicalsSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#ConstructionSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#ConstructionSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#ConstructionSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#ConstructionSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#ConstructionSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#ConsumerSectorDurableMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#ConsumerSectorDurableMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#ConsumerSectorDurableMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#ConsumerSectorDurableMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#ConsumerSectorNon-DurableMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#ConsumerSectorNon-DurableMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#ConsumerSectorNon-DurableMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#EnvironmentalIndustriesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#EnvironmentalIndustriesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#EnvironmentalIndustriesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#EnvironmentalIndustriesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#EnvironmentalIndustriesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#EnvironmentalIndustriesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#EnvironmentalIndustriesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#EnvironmentalIndustriesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#EnvironmentalIndustriesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#EnvironmentalIndustriesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AscentMidcoLLCMemberhttp://www.monroebdc.com/20220930#AscentMidcoLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AscentMidcoLLCMemberhttp://www.monroebdc.com/20220930#AscentMidcoLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AscentMidcoLLCMemberhttp://www.monroebdc.com/20220930#AscentMidcoLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AscentMidcoLLCMemberhttp://www.monroebdc.com/20220930#AscentMidcoLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#CurionHoldingsLLCMemberhttp://www.monroebdc.com/20220930#CurionHoldingsLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#CurionHoldingsLLCMemberhttp://www.monroebdc.com/20220930#CurionHoldingsLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#CurionHoldingsLLCMemberhttp://www.monroebdc.com/20220930#CurionHoldingsLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#CurionHoldingsLLCMemberhttp://www.monroebdc.com/20220930#CurionHoldingsLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#CurionHoldingsLLCMemberhttp://www.monroebdc.com/20220930#CurionHoldingsLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#FamiliaDentalGroupHoldingsLLCMemberhttp://www.monroebdc.com/20220930#FamiliaDentalGroupHoldingsLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#HFZCapitalGroupLLCMemberhttp://www.monroebdc.com/20220930#HFZCapitalGroupLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#HFZCapitalGroupLLCMemberhttp://www.monroebdc.com/20220930#HFZCapitalGroupLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#MCAssetManagementCorporateLLCMemberhttp://www.monroebdc.com/20220930#MCAssetManagementCorporateLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#MCAssetManagementCorporateLLCMemberhttp://www.monroebdc.com/20220930#MCAssetManagementCorporateLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#MCAssetManagementCorporateLLCMemberhttp://www.monroebdc.com/20220930#MCAssetManagementCorporateLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#MCAssetManagementIndustrialLLCMemberhttp://www.monroebdc.com/20220930#MCAssetManagementIndustrialLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#VinciBrandsLLCfkaIncipioLLCMemberhttp://www.monroebdc.com/20220930#VinciBrandsLLCfkaIncipioLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#VinciBrandsLLCfkaIncipioLLCMemberhttp://www.monroebdc.com/20220930#VinciBrandsLLCfkaIncipioLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#VinciBrandsLLCfkaIncipioLLCMemberhttp://www.monroebdc.com/20220930#VinciBrandsLLCfkaIncipioLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#VinciBrandsLLCfkaIncipioLLCMemberhttp://www.monroebdc.com/20220930#VinciBrandsLLCfkaIncipioLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#VinciBrandsLLCfkaIncipioLLCMemberhttp://www.monroebdc.com/20220930#VinciBrandsLLCfkaIncipioLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#VinciBrandsLLCfkaIncipioLLCMemberhttp://www.monroebdc.com/20220930#VinciBrandsLLCfkaIncipioLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#VinciBrandsLLCfkaIncipioLLCMemberhttp://www.monroebdc.com/20220930#VinciBrandsLLCfkaIncipioLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#VinciBrandsLLCfkaIncipioLLCMemberhttp://www.monroebdc.com/20220930#VinciBrandsLLCfkaIncipioLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#VinciBrandsLLCfkaIncipioLLCMemberhttp://www.monroebdc.com/20220930#VinciBrandsLLCfkaIncipioLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#LuxuryOpticalHoldingsCoMemberhttp://www.monroebdc.com/20220930#LuxuryOpticalHoldingsCoMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#LuxuryOpticalHoldingsCoMemberhttp://www.monroebdc.com/20220930#LuxuryOpticalHoldingsCoMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#LuxuryOpticalHoldingsCoMemberhttp://www.monroebdc.com/20220930#LuxuryOpticalHoldingsCoMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#LuxuryOpticalHoldingsCoMemberhttp://www.monroebdc.com/20220930#LuxuryOpticalHoldingsCoMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#LuxuryOpticalHoldingsCoMemberhttp://www.monroebdc.com/20220930#LuxuryOpticalHoldingsCoMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#MnineHoldingsIncMemberhttp://www.monroebdc.com/20220930#MnineHoldingsIncMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#MindbodyIncMemberhttp://www.monroebdc.com/20220930#MindbodyIncMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#MnineHoldingsIncMemberhttp://www.monroebdc.com/20220930#MnineHoldingsIncMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#NECBCollectionsLLCMemberhttp://www.monroebdc.com/20220930#NECBCollectionsLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#NECBCollectionsLLCMemberhttp://www.monroebdc.com/20220930#NECBCollectionsLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#SecondAvenueSFRHoldingsIILLCMemberhttp://www.monroebdc.com/20220930#SecondAvenueSFRHoldingsIILLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#SecondAvenueSFRHoldingsIILLCMemberhttp://www.monroebdc.com/20220930#SecondAvenueSFRHoldingsIILLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#SfrHoldcoLlcJuniorSecuredLoanMemberhttp://www.monroebdc.com/20220930#SfrHoldcoLlcJuniorSecuredLoanMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#SfrHoldcoLlcLlcInterestMemberhttp://www.monroebdc.com/20220930#SfrHoldcoLlcLlcInterestMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#SFRHoldcoLLCMemberhttp://www.monroebdc.com/20220930#SFRHoldcoLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#SHIHoldingsIncMemberhttp://www.monroebdc.com/20220930#SHIHoldingsIncMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#SHIHoldingsIncMemberhttp://www.monroebdc.com/20220930#SHIHoldingsIncMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#SHIHoldingsIncMemberhttp://www.monroebdc.com/20220930#SHIHoldingsIncMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#SummitContainerCorporationMemberhttp://www.monroebdc.com/20220930#SummitContainerCorporationMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#SummitContainerCorporationMemberhttp://www.monroebdc.com/20220930#SummitContainerCorporationMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#SummitContainerCorporationMemberhttp://www.monroebdc.com/20220930#SummitContainerCorporationMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#TJManagementHoldCoLLCMemberhttp://www.monroebdc.com/20220930#TJManagementHoldCoLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#TJManagementHoldCoLLCMemberhttp://www.monroebdc.com/20220930#TJManagementHoldCoLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerControlledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerControlledMemberhttp://www.monroebdc.com/20220930#MRCCSeniorLoanFundILLCMemberhttp://www.monroebdc.com/20220930#MRCCSeniorLoanFundILLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerControlledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerControlledMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#MediaAdvertisingPrintingPublishingSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLiborSwapRateMembertruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#MediaAdvertisingPrintingPublishingSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLiborSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#MediaAdvertisingPrintingPublishingSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLiborSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#MediaAdvertisingPrintingPublishingSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLiborSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#MediaAdvertisingPrintingPublishingSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLiborSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#MediaAdvertisingPrintingPublishingSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLiborSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#MediaAdvertisingPrintingPublishingSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLiborSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#MediaAdvertisingPrintingPublishingSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLiborSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#MediaAdvertisingPrintingPublishingSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLiborSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#MediaAdvertisingPrintingPublishingSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#MediaAdvertisingPrintingPublishingSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#MediaAdvertisingPrintingPublishingSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLiborSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#MediaAdvertisingPrintingPublishingSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLiborSwapRateMembertruetruefalsehttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#MediaBroadcastingSubscriptionSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLiborSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#MediaBroadcastingSubscriptionSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLiborSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#MediaBroadcastingSubscriptionSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLiborSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#MediaBroadcastingSubscriptionSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLiborSwapRateMembertruetruefalsehttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#MediaDiversifiedProductionSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLiborSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#MediaDiversifiedProductionSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLiborSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#MediaDiversifiedProductionSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLiborSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#MediaDiversifiedProductionSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLiborSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#MediaDiversifiedProductionSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLiborSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#MediaDiversifiedProductionSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLiborSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#MediaDiversifiedProductionSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLiborSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#MediaDiversifiedProductionSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLiborSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#MediaDiversifiedProductionSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLiborSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#MediaDiversifiedProductionSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLiborSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#MediaDiversifiedProductionSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLiborSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#MediaDiversifiedProductionSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLiborSwapRateMembertruetruefalsetruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#RetailSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLiborSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#RetailSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLiborSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#RetailSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLiborSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#RetailSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLiborSwapRateMembertruetruefalsehttp://xbrl.sec.gov/country/2022#UStruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#TelecommunicationsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#TelecommunicationsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#TelecommunicationsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#TelecommunicationsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#TelecommunicationsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://xbrl.sec.gov/country/2022#UStruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#WholesaleSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#WholesaleSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#WholesaleSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#WholesaleSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#WholesaleSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#UnitrancheDebtMemberhttp://fasb.org/us-gaap-sup/2022q3#AerospaceSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#UnitrancheDebtMemberhttp://fasb.org/us-gaap-sup/2022q3#ChemicalsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#UnitrancheDebtMemberhttp://fasb.org/us-gaap-sup/2022q3#ChemicalsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#VinciBrandsLLCMemberhttp://fasb.org/us-gaap/2022#UnitrancheDebtMemberhttp://www.monroebdc.com/20220930#ConsumerSectorNon-DurableMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#VinciBrandsLLCMemberhttp://fasb.org/us-gaap/2022#UnitrancheDebtMemberhttp://www.monroebdc.com/20220930#ConsumerSectorNon-DurableMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://www.monroebdc.com/20220930#VinciBrandsLLCMemberhttp://fasb.org/us-gaap/2022#UnitrancheDebtMemberhttp://www.monroebdc.com/20220930#ConsumerSectorNon-DurableMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#VinciBrandsLLCMemberhttp://fasb.org/us-gaap/2022#UnitrancheDebtMemberhttp://www.monroebdc.com/20220930#ConsumerSectorNon-DurableMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#UnitrancheDebtMemberhttp://fasb.org/us-gaap/2022#HealthcareSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#UnitrancheDebtMemberhttp://fasb.org/us-gaap/2022#HealthcareSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#UnitrancheDebtMemberhttp://fasb.org/us-gaap/2022#HealthcareSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#UnitrancheDebtMemberhttp://fasb.org/us-gaap/2022#HealthcareSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#UnitrancheDebtMemberhttp://fasb.org/us-gaap/2022#CommercialAndIndustrialSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#UnitrancheDebtMemberhttp://fasb.org/us-gaap/2022#CommercialAndIndustrialSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#UnitrancheDebtMemberhttp://fasb.org/us-gaap/2022#CommercialAndIndustrialSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#UnitrancheDebtMemberhttp://fasb.org/us-gaap/2022#CommercialAndIndustrialSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#J2BWAFundingLLCMemberhttp://www.monroebdc.com/20220930#FireFinanceMemberhttp://xbrl.sec.gov/country/2022#UStruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#FireFinanceMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#OceanaAustralianFixedIncomeTrustMemberhttp://www.monroebdc.com/20220930#FireFinanceMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#OceanaAustralianFixedIncomeTrustMemberhttp://www.monroebdc.com/20220930#FireFinanceMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#W3MonroeREDebtLLCMemberhttp://www.monroebdc.com/20220930#FireFinanceMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsetruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#FloridaEastCoastIndustriesLLCMemberhttp://www.monroebdc.com/20220930#FireRealEstateSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#FireRealEstateSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsetruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#RockdaleBlackhawkLLCMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsetruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HotelsGamingLeisureSectorMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HotelsGamingLeisureSectorMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HotelsGamingLeisureSectorMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HotelsGamingLeisureSectorMembertruetruefalsetruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberfalsehttp://www.monroebdc.com/20220930#OnitInc.Memberhttp://fasb.org/us-gaap/2022#UnitrancheDebtMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#USfalsehttp://fasb.org/us-gaap/2022#UnitrancheDebtMembertruehttp://xbrl.sec.gov/country/2022#UStruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberfalsehttp://www.monroebdc.com/20220930#VBE1LLCMemberhttp://fasb.org/us-gaap/2022#UnitrancheDebtMemberhttp://www.monroebdc.com/20220930#TelecommunicationsSectorMembertruehttp://xbrl.sec.gov/country/2022#UStruefalsetruehttp://xbrl.sec.gov/country/2022#UStruefalsetruehttp://xbrl.sec.gov/country/2022#UStruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberfalsehttp://www.monroebdc.com/20220930#MoneyLionIncMemberhttp://fasb.org/us-gaap/2022#JuniorLoansMemberhttp://www.monroebdc.com/20220930#BankingSectorMembertruehttp://xbrl.sec.gov/country/2022#UStruefalsetruehttp://xbrl.sec.gov/country/2022#UStruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberfalsehttp://www.monroebdc.com/20220930#FloridaEastCoastIndustriesLLCMemberhttp://fasb.org/us-gaap/2022#JuniorLoansMemberhttp://fasb.org/us-gaap/2022#RealEstateSectorMembertruehttp://xbrl.sec.gov/country/2022#UStruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberfalsehttp://www.monroebdc.com/20220930#WitkoffMonroe700JVLLCMemberhttp://fasb.org/us-gaap/2022#JuniorLoansMemberhttp://fasb.org/us-gaap/2022#RealEstateSectorMembertruehttp://xbrl.sec.gov/country/2022#UStruetruehttp://xbrl.sec.gov/country/2022#UStruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberfalsehttp://www.monroebdc.com/20220930#EducationCorporationofAmericaMemberhttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMembertruehttp://xbrl.sec.gov/country/2022#UStruefalsetruehttp://xbrl.sec.gov/country/2022#UStruefalsetruehttp://xbrl.sec.gov/country/2022#UStruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMembertruehttp://www.monroebdc.com/20220930#BornToRunLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap-sup/2022q3#AutomotiveSectorMembertruehttp://xbrl.sec.gov/country/2022#UStruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMembertruehttp://www.monroebdc.com/20220930#LiftedTrucksHoldingsLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap-sup/2022q3#AutomotiveSectorMembertruehttp://xbrl.sec.gov/country/2022#UStruefalsehttp://xbrl.sec.gov/country/2022#UStruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMembertruehttp://www.monroebdc.com/20220930#MVReceivablesIILLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#BankingSectorMembertruehttp://xbrl.sec.gov/country/2022#UStruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMembertruehttp://www.monroebdc.com/20220930#MVReceivablesIILLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#BankingSectorMembertruehttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://xbrl.sec.gov/country/2022#UStruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#CaliforniaPizzaKitchenInc.Memberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap-sup/2022q3#FoodAndBeverageSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#MCPShawAcquisitioncoLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#CapitalEquipmentSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#ValudorProductsLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap-sup/2022q3#ChemicalsSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#IndependenceBuyerInc.Memberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#ConsumerSectorDurableMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#QuestResourceManagementGroupLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#EnvironmentalIndustriesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#QuestResourceManagementGroupLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#EnvironmentalIndustriesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#J2BWAFundingLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap/2022#FinancialServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#PKSHoldingsLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap/2022#FinancialServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#PKSHoldingsLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap/2022#FinancialServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#PKSHoldingsLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap/2022#FinancialServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#PKSHoldingsLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap/2022#FinancialServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap/2022#FinancialServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#WitkoffMonroe700JVLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap/2022#RealEstateSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#DoradoAcquisitionIncMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap/2022#HealthcareSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#DoradoAcquisitionIncMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap/2022#HealthcareSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#NationsBenefitsLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap/2022#HealthcareSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#NationsBenefitsLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap/2022#HealthcareSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#SeranBioScienceLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap/2022#HealthcareSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap/2022#HealthcareSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#MarkLogicCorporationMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#PlanfulIncMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#RecordedFutureIncMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://xbrl.sec.gov/country/2022#UStruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#EquineNetworkLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#HotelsGamingLeisureSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#AdTheorentHoldingCompanyIncMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#MediaAdvertisingPrintingPublishingSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#InMobiPteLtdMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#MediaAdvertisingPrintingPublishingSectorMemberhttp://fasb.org/us-gaap/2022#NonUsMembertruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#RelevateHealthGroupLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#MediaAdvertisingPrintingPublishingSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#RelevateHealthGroupLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#MediaAdvertisingPrintingPublishingSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#SpherixGlobalInc.Memberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#MediaAdvertisingPrintingPublishingSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#XanEduPublishingIncMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#MediaAdvertisingPrintingPublishingSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#AttomIntermediateHoldcoLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#MediaDiversifiedProductionSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#Chess.comLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#MediaDiversifiedProductionSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BLSTOperatingCompanyLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap-sup/2022q3#RetailSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#FormanMillsInc.Memberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap-sup/2022q3#RetailSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#LuxuryOpticalHoldingsCo.Memberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap-sup/2022q3#RetailSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#APCOWorldwideIncMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#EducationCorporationofAmericaMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#ExpressWashAcquisitionCompanyLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#IDIGParentLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#NearlyNaturalInc.Memberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#WholesaleSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#NearlyNaturalInc.Memberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#WholesaleSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://xbrl.sec.gov/country/2022#UStruetruetruetruetruetruetruetruefalsefalsehttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#RealEstateSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#SeniorLoansMembertruetruefalsehttp://fasb.org/us-gaap/2022#RealEstateSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap/2022#RealEstateSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap/2022#RealEstateSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap/2022#RealEstateSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap/2022#RealEstateSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap/2022#RealEstateSectorMemberhttp://xbrl.sec.gov/country/2022#UStruefalsehttp://fasb.org/us-gaap/2022#RealEstateSectorMemberhttp://xbrl.sec.gov/country/2022#UStruefalsehttp://fasb.org/us-gaap/2022#RealEstateSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap/2022#RealEstateSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap/2022#RealEstateSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap/2022#RealEstateSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap/2022#HealthcareSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap/2022#HealthcareSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMembertruetruefalsehttp://xbrl.sec.gov/country/2022#UStruetruefalsetruetruefalsehttp://fasb.org/us-gaap/2022#CommercialAndIndustrialSectorMemberhttp://xbrl.sec.gov/country/2022#UStruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#CurionHoldingsLLCMembertruetruefalsehttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#CurionHoldingsLLCMembertruetruefalsehttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruefalsehttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#SecondAvenueSFRHoldingsIILLCMembertruetruefalsehttp://fasb.org/us-gaap/2022#RealEstateSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#CurionHoldingsLLCMembertruetruefalsehttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#CurionHoldingsLLCMembertruetruefalsehttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap/2022#JuniorLoansMembertruetruefalsehttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#TJManagementHoldCoLLCMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#FoodAndBeverageSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Membertruetruefalsehttp://fasb.org/us-gaap/2022#RealEstateSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#MCAssetManagementCorporateLLCMembertruetruefalsehttp://fasb.org/us-gaap/2022#RealEstateSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#SecondAvenueSFRHoldingsIILLCMembertruetruefalsehttp://fasb.org/us-gaap/2022#RealEstateSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://fasb.org/us-gaap/2022#NonUsMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HotelsGamingLeisureSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HotelsGamingLeisureSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HotelsGamingLeisureSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HotelsGamingLeisureSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HotelsGamingLeisureSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#MediaAdvertisingPrintingPublishingSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#MediaAdvertisingPrintingPublishingSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#MediaDiversifiedProductionSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#MediaDiversifiedProductionSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#MediaDiversifiedProductionSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#TelecommunicationsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#TelecommunicationsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#TelecommunicationsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#TransportationSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#UtilitiesOilGasSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#UtilitiesOilGasSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#WholesaleSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BornToRunLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#AutomotiveSectorMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BornToRunLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#AutomotiveSectorMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HastingsManufacturingCompanyMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#AutomotiveSectorMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#LiftedTrucksHoldingsLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#AutomotiveSectorMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#LiftedTrucksHoldingsLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#AutomotiveSectorMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#LiftedTrucksHoldingsLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#AutomotiveSectorMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://xbrl.sec.gov/country/2022#UStruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#MVReceivablesIILLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BankingSectorMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#StarComplianceMidCoLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BankingSectorMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#StarComplianceMidCoLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BankingSectorMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#StarComplianceMidCoLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BankingSectorMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://xbrl.sec.gov/country/2022#UStruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#LVFHoldingsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#FoodAndBeverageSectorMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#LVFHoldingsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#FoodAndBeverageSectorMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#LVFHoldingsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#FoodAndBeverageSectorMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#LVFHoldingsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#FoodAndBeverageSectorMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#LXJTIntermediateHoldingsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#FoodAndBeverageSectorMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#LXJTIntermediateHoldingsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#FoodAndBeverageSectorMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertruetruefalsehttp://xbrl.sec.gov/country/2022#UStruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#CapitalEquipmentSectorMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#CapitalEquipmentSectorMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#MCPShawAcquisitioncoLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#CapitalEquipmentSectorMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#MCPShawAcquisitioncoLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#CapitalEquipmentSectorMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#MCPShawAcquisitioncoLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#CapitalEquipmentSectorMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#MCPShawAcquisitioncoLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#CapitalEquipmentSectorMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertruetruefalsehttp://xbrl.sec.gov/country/2022#UStruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#FireRealEstateSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#FireRealEstateSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#FireRealEstateSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#FloridaEastCoastIndustriesLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#FireRealEstateSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#FireRealEstateSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#RockdaleBlackhawkLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#HealthcarePharmaceuticalsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertruetruefalsehttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#MediaBroadcastingSubscriptionSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#MediaBroadcastingSubscriptionSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#MediaBroadcastingSubscriptionSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#MediaBroadcastingSubscriptionSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#MediaDiversifiedProductionSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#MediaDiversifiedProductionSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#MediaDiversifiedProductionSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#MediaDiversifiedProductionSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#MediaDiversifiedProductionSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#MediaDiversifiedProductionSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#MediaDiversifiedProductionSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#MediaDiversifiedProductionSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#MediaDiversifiedProductionSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#MediaDiversifiedProductionSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#MediaDiversifiedProductionSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#MediaDiversifiedProductionSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#MediaDiversifiedProductionSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#MediaDiversifiedProductionSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#MediaDiversifiedProductionSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#MediaDiversifiedProductionSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#MediaDiversifiedProductionSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#RetailSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#RetailSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#RetailSectorMemberhttp://xbrl.sec.gov/country/2022#UStruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#RetailSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#RetailSectorMemberhttp://xbrl.sec.gov/country/2022#UStruefalsehttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://xbrl.sec.gov/country/2022#UStruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#UnitrancheDebtMemberhttp://www.monroebdc.com/20220930#ConsumerSectorNon-DurableMembertruetruefalsehttp://xbrl.sec.gov/country/2022#UShttp://www.monroebdc.com/20220930#VinciBrandsLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#UnitrancheDebtMemberhttp://www.monroebdc.com/20220930#ConsumerSectorNon-DurableMembertruetruefalsehttp://www.monroebdc.com/20220930#ConsumerSectorNon-DurableMemberhttp://xbrl.sec.gov/country/2022#UShttp://www.monroebdc.com/20220930#VinciBrandsLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#UnitrancheDebtMemberhttp://www.monroebdc.com/20220930#ConsumerSectorNon-DurableMembertruetruefalsehttp://www.monroebdc.com/20220930#ConsumerSectorNon-DurableMemberhttp://xbrl.sec.gov/country/2022#UShttp://www.monroebdc.com/20220930#VinciBrandsLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#UnitrancheDebtMemberhttp://www.monroebdc.com/20220930#ConsumerSectorNon-DurableMembertruetruefalsehttp://www.monroebdc.com/20220930#ConsumerSectorNon-DurableMemberhttp://xbrl.sec.gov/country/2022#UShttp://www.monroebdc.com/20220930#VinciBrandsLLCMembertruetruefalsehttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMembertruetruefalsehttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://xbrl.sec.gov/country/2022#UShttp://www.monroebdc.com/20220930#WillowTreeLLCMembertruetruefalsehttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMembertruetruefalsehttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://xbrl.sec.gov/country/2022#UShttp://www.monroebdc.com/20220930#ASGIILLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMembertruetruefalsehttp://xbrl.sec.gov/country/2022#UShttp://www.monroebdc.com/20220930#ASGIILLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMembertruetruefalsehttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://xbrl.sec.gov/country/2022#UShttp://www.monroebdc.com/20220930#OnitInc.Membertruetruefalsehttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#TelecommunicationsSectorMembertruetruefalsehttp://www.monroebdc.com/20220930#TelecommunicationsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://xbrl.sec.gov/country/2022#UShttp://www.monroebdc.com/20220930#VBE1LLCMembertruetruefalsehttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BankingSectorMembertruetruefalsehttp://www.monroebdc.com/20220930#BankingSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://xbrl.sec.gov/country/2022#UShttp://www.monroebdc.com/20220930#MoneyLionIncMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BankingSectorMembertruetruefalsehttp://www.monroebdc.com/20220930#BankingSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://xbrl.sec.gov/country/2022#UShttp://www.monroebdc.com/20220930#MoneyLionIncMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BankingSectorMembertruetruefalsehttp://xbrl.sec.gov/country/2022#UShttp://www.monroebdc.com/20220930#MoneyLionIncMembertruetruefalsehttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#JuniorLoansMemberhttp://fasb.org/us-gaap/2022#RealEstateSectorMembertruetruefalsehttp://fasb.org/us-gaap/2022#RealEstateSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://xbrl.sec.gov/country/2022#UShttp://www.monroebdc.com/20220930#FloridaEastCoastIndustriesLLCMemberhttp://fasb.org/us-gaap/2022#JuniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#JuniorLoansMemberhttp://fasb.org/us-gaap/2022#RealEstateSectorMembertruetruefalsehttp://fasb.org/us-gaap/2022#RealEstateSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://xbrl.sec.gov/country/2022#UShttp://www.monroebdc.com/20220930#WitkoffMonroe700JVLLCMembertruetruefalsehttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMembertruefalsehttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://xbrl.sec.gov/country/2022#UShttp://www.monroebdc.com/20220930#EducationCorporationofAmericaMembertruetruefalsehttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap-sup/2022q3#AutomotiveSectorMembertruetruetruehttp://fasb.org/us-gaap-sup/2022q3#AutomotiveSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://xbrl.sec.gov/country/2022#UShttp://www.monroebdc.com/20220930#BornToRunLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap-sup/2022q3#AutomotiveSectorMembertruetruetruehttp://fasb.org/us-gaap-sup/2022q3#AutomotiveSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://xbrl.sec.gov/country/2022#UShttp://www.monroebdc.com/20220930#LiftedTrucksHoldingsLLCMembertruetruetruehttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#DrawbridgePartnersLlcMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#MarkLogicCorporationMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#PlanfulIncMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#RecordedFutureIncMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://xbrl.sec.gov/country/2022#UStruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#EquineNetworkLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#HotelsGamingLeisureSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#AdTheorentHoldingCompanyIncMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#MediaAdvertisingPrintingPublishingSectorMemberhttp://xbrl.sec.gov/country/2022#UStruefalsetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#InMobiPteLtdMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#MediaAdvertisingPrintingPublishingSectorMemberhttp://fasb.org/us-gaap/2022#NonUsMembertruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#RelevateHealthGroupLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#MediaAdvertisingPrintingPublishingSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#RelevateHealthGroupLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#MediaAdvertisingPrintingPublishingSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#SpherixGlobalIncMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#MediaAdvertisingPrintingPublishingSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#XanEduPublishingIncMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#MediaAdvertisingPrintingPublishingSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#AttomIntermediateHoldcoLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#MediaDiversifiedProductionSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#Chess.comLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#MediaDiversifiedProductionSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BLSTOperatingCompanyLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap-sup/2022q3#RetailSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#FormanMillsIncMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap-sup/2022q3#RetailSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#LuxuryOpticalHoldingsCoMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap-sup/2022q3#RetailSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#APCOWorldwideIncMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#EducationCorporationofAmericaMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#ExpressWashAcquisitionCompanyLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#IDIGParentLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#KarWashHoldingsLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://xbrl.sec.gov/country/2022#UStruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#AmericanBroadbandandTelecommunicationsCompanyLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#TelecommunicationsSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#NearlyNaturalIncMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#WholesaleSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#NearlyNaturalIncMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#WholesaleSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#TJManagementHoldCoLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap-sup/2022q3#FoodAndBeverageSectorMembertruehttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://xbrl.sec.gov/country/2022#UStruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap/2022#RealEstateSectorMembertruehttp://xbrl.sec.gov/country/2022#UStruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#MCAssetManagementCorporateLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap/2022#RealEstateSectorMembertruehttp://xbrl.sec.gov/country/2022#UStruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#SFRHoldcoLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap/2022#RealEstateSectorMembertruehttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AscentMidcoLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap/2022#HealthcareSectorMembertruehttp://xbrl.sec.gov/country/2022#UStruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#FamiliaDentalGroupHoldingsLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap/2022#HealthcareSectorMembertruehttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://xbrl.sec.gov/country/2022#UStruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#MnineHoldingsIncMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap/2022#CommercialAndIndustrialSectorMembertruehttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://xbrl.sec.gov/country/2022#UStruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#CurionHoldingsLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMembertruehttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://xbrl.sec.gov/country/2022#UStruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#NECBCollectionsLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMembertruehttp://xbrl.sec.gov/country/2022#UStruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMembertruehttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerControlledMemberhttp://www.monroebdc.com/20220930#MRCCSeniorLoanFundILLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#InvestmentFundsVehiclesMembertruehttp://xbrl.sec.gov/country/2022#UStruefalsetruehttp://xbrl.sec.gov/country/2022#UStruefalsetruehttp://xbrl.sec.gov/country/2022#UStruefalse--12-312022Q30001512931falsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#ChemicalsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#ChemicalsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#ChemicalsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#ChemicalsSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#ConstructionSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#ConstructionSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#ConstructionSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertruetruefalsehttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#ConsumerSectorDurableMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#ConsumerSectorDurableMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#ConsumerSectorDurableMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#ConsumerSectorDurableMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#ConsumerSectorNon-DurableMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#ConsumerSectorNon-DurableMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#ConsumerSectorNon-DurableMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#ConsumerSectorNon-DurableMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#EnvironmentalIndustriesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#EnvironmentalIndustriesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#EnvironmentalIndustriesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#EnvironmentalIndustriesSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#FireFinanceMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#FireFinanceMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#J2BWAFundingLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#FireFinanceMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#FireFinanceMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#OceanaAustralianFixedIncomeTrustMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#FireFinanceMemberhttp://fasb.org/us-gaap/2022#NonUsMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#OceanaAustralianFixedIncomeTrustMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#FireFinanceMemberhttp://fasb.org/us-gaap/2022#NonUsMembertruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#W3MonroeREDebtLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#FireFinanceMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#FireFinanceMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembertruetruefalsetruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMemberhttp://xbrl.sec.gov/country/2022#UStruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#TelecommunicationsSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#TelecommunicationsSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#TelecommunicationsSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#TelecommunicationsSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#WholesaleSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#WholesaleSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#WholesaleSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#WholesaleSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#WholesaleSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://xbrl.sec.gov/country/2022#UStruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMembertruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://fasb.org/us-gaap-sup/2022q3#AerospaceSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#MVReceivablesIILLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#BankingSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#MVReceivablesIILLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#BankingSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#CaliforniaPizzaKitchenInc.Memberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap-sup/2022q3#FoodAndBeverageSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#MCPShawAcquisitioncoLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#CapitalEquipmentSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#ValudorProductsLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap-sup/2022q3#ChemicalsSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#IndependenceBuyerInc.Memberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#ConsumerSectorDurableMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#QuestResourceManagementGroupLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#EnvironmentalIndustriesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#QuestResourceManagementGroupLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#EnvironmentalIndustriesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#J2BWAFundingLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap/2022#FinancialServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#PKSHoldingsLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap/2022#FinancialServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#PKSHoldingsLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap/2022#FinancialServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#PKSHoldingsLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap/2022#FinancialServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#PKSHoldingsLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap/2022#FinancialServicesSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://xbrl.sec.gov/country/2022#UStruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#WitkoffMonroe700JVLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap/2022#RealEstateSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#DoradoAcquisitionIncMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap/2022#HealthcareSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#DoradoAcquisitionIncMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap/2022#HealthcareSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#NationsBenefitsLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap/2022#HealthcareSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruefalsehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#NationsBenefitsLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap/2022#HealthcareSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#SeranBioScienceLLCMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap/2022#HealthcareSectorMemberhttp://xbrl.sec.gov/country/2022#UStruetruetruehttp://xbrl.sec.gov/country/2022#UStruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberfalsehttp://www.monroebdc.com/20220930#TJManagementHoldCoLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#FoodAndBeverageSectorMemberhttp://xbrl.sec.gov/country/2022#UShttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberfalsetruehttp://xbrl.sec.gov/country/2022#UStruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberfalsehttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#RealEstateSectorMembertruehttp://xbrl.sec.gov/country/2022#UStruehttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberfalsehttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#RealEstateSectorMembertruehttp://xbrl.sec.gov/country/2022#UStruehttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberfalsehttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#RealEstateSectorMembertruehttp://xbrl.sec.gov/country/2022#UStruehttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberfalsehttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#RealEstateSectorMembertruehttp://xbrl.sec.gov/country/2022#UStruehttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberfalsehttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#RealEstateSectorMembertruehttp://xbrl.sec.gov/country/2022#UStruehttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberfalsehttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#RealEstateSectorMembertruehttp://xbrl.sec.gov/country/2022#UStruehttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberfalsehttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#RealEstateSectorMembertruehttp://xbrl.sec.gov/country/2022#UStruehttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberfalsehttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#RealEstateSectorMembertruehttp://xbrl.sec.gov/country/2022#UStruehttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberfalsehttp://www.monroebdc.com/20220930#HFZCapitalGroupLLCMemberhttp://fasb.org/us-gaap/2022#RealEstateSectorMembertruehttp://xbrl.sec.gov/country/2022#UStruehttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberfalsehttp://www.monroebdc.com/20220930#HFZCapitalGroupLLCMemberhttp://fasb.org/us-gaap/2022#RealEstateSectorMembertruehttp://xbrl.sec.gov/country/2022#UStruehttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberfalsehttp://www.monroebdc.com/20220930#MCAssetManagementCorporateLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#RealEstateSectorMembertruehttp://xbrl.sec.gov/country/2022#UStruehttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberfalsehttp://www.monroebdc.com/20220930#MCAssetManagementCorporateLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#RealEstateSectorMembertruehttp://xbrl.sec.gov/country/2022#UStruehttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberfalsehttp://www.monroebdc.com/20220930#SecondAvenueSFRHoldingsIILLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#RealEstateSectorMembertruehttp://xbrl.sec.gov/country/2022#UStruehttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberfalsetruehttp://xbrl.sec.gov/country/2022#UStruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberfalsehttp://www.monroebdc.com/20220930#AscentMidcoLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#HealthcareSectorMembertruehttp://xbrl.sec.gov/country/2022#UStruehttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberfalsehttp://www.monroebdc.com/20220930#AscentMidcoLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#HealthcareSectorMembertruehttp://xbrl.sec.gov/country/2022#UStruehttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberfalsetruehttp://xbrl.sec.gov/country/2022#UStruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberfalsehttp://www.monroebdc.com/20220930#MnineHoldingsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#CommercialAndIndustrialSectorMembertruehttp://xbrl.sec.gov/country/2022#UStruehttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberfalsehttp://www.monroebdc.com/20220930#MnineHoldingsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#CommercialAndIndustrialSectorMembertruehttp://xbrl.sec.gov/country/2022#UStruehttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberfalsetruehttp://xbrl.sec.gov/country/2022#UStruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberfalsehttp://www.monroebdc.com/20220930#CurionHoldingsLLCMemberhttp://www.monroebdc.com/20220930#BusinessServicesSectorMemberfalsehttp://xbrl.sec.gov/country/2022#USfalsehttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberfalsehttp://www.monroebdc.com/20220930#NECBCollectionsLLCMemberhttp://fasb.org/us-gaap-sup/2022q3#ConsumerSectorMembertruehttp://xbrl.sec.gov/country/2022#UStruehttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberfalsetruehttp://xbrl.sec.gov/country/2022#UStruefalsetruehttp://xbrl.sec.gov/country/2022#UStruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberfalsehttp://www.monroebdc.com/20220930#SFRHoldcoLLCMemberhttp://fasb.org/us-gaap/2022#JuniorLoansMemberhttp://www.monroebdc.com/20220930#FinanceInsuranceAndRealEstateSectorMembertruehttp://xbrl.sec.gov/country/2022#UStruefalsetruehttp://xbrl.sec.gov/country/2022#UStruefalsetruehttp://xbrl.sec.gov/country/2022#UStrueNon-accelerated Filer0.290.780.341.20http://xbrl.sec.gov/country/2022#UShttp://xbrl.sec.gov/country/2022#UShttp://xbrl.sec.gov/country/2022#UShttp://xbrl.sec.gov/country/2022#UShttp://xbrl.sec.gov/country/2022#UShttp://xbrl.sec.gov/country/2022#UShttp://xbrl.sec.gov/country/2022#UShttp://xbrl.sec.gov/country/2022#UShttp://xbrl.sec.gov/country/2022#UShttp://xbrl.sec.gov/country/2022#UShttp://xbrl.sec.gov/country/2022#UShttp://xbrl.sec.gov/country/2022#UShttp://xbrl.sec.gov/country/2022#UShttp://xbrl.sec.gov/country/2022#UShttp://xbrl.sec.gov/country/2022#UShttp://xbrl.sec.gov/country/2022#UShttp://xbrl.sec.gov/country/2022#UShttp://xbrl.sec.gov/country/2022#UShttp://xbrl.sec.gov/country/2022#UShttp://xbrl.sec.gov/country/2022#UShttp://xbrl.sec.gov/country/2022#UShttp://xbrl.sec.gov/country/2022#UShttp://www.monroebdc.com/20220930#ValudorProductsLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#ValudorProductsLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#ValudorProductsLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#ValudorProductsLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#TCFIIIOWLBuyerLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#TCFIIIOWLBuyerLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#TCFIIIOWLBuyerLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#IndependenceBuyerInc.Memberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#IndependenceBuyerInc.Memberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#RecycledPlasticsIndustriesLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#RecycledPlasticsIndustriesLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#TheKyjenCompanyLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#TheKyjenCompanyLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#TheKyjenCompanyLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#ThrasioLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#QuestResourceManagementGroupLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#QuestResourceManagementGroupLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#QuestResourceManagementGroupLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#QuestResourceManagementGroupLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#GCChampionAcquisitionLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#GCChampionAcquisitionLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#LiftforwardSPVIILLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#YSWH4LLCRevolverMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#CentaurPalmBeachOwnerLLCandPantherNationalGolfClubLLCMembertruehttp://www.monroebdc.com/20220930#CentaurPalmBeachOwnerLLCandPantherNationalGolfClubLLCMemberhttp://www.monroebdc.com/20220930#CentaurPalmBeachOwnerLLCandPantherNationalGolfClubLLCMemberhttp://www.monroebdc.com/20220930#NCBPPropertyLLCMemberhttp://www.monroebdc.com/20220930#BrickellBayAcquisitionCorpMemberhttp://www.monroebdc.com/20220930#BrickellBayAcquisitionCorpMemberhttp://www.monroebdc.com/20220930#CaravelAutismHealthLLCMemberhttp://www.monroebdc.com/20220930#CaravelAutismHealthLLCMemberhttp://www.monroebdc.com/20220930#CaravelAutismHealthLLCMemberhttp://www.monroebdc.com/20220930#DoradoAcquisitionInc.Memberhttp://www.monroebdc.com/20220930#DoradoAcquisitionInc.Memberhttp://www.monroebdc.com/20220930#DoradoAcquisitionInc.Memberhttp://www.monroebdc.com/20220930#INHBuyerInc.Memberhttp://www.monroebdc.com/20220930#NationsBenefitsLLCMemberhttp://www.monroebdc.com/20220930#NationsBenefitsLLCMemberhttp://www.monroebdc.com/20220930#NationsBenefitsLLCMemberhttp://www.monroebdc.com/20220930#NationsBenefitsLLCMemberhttp://xbrl.sec.gov/country/2022#UShttp://www.monroebdc.com/20220930#SeranBioScienceLLCMemberhttp://www.monroebdc.com/20220930#SeranBioScienceLLCMemberhttp://www.monroebdc.com/20220930#SeranBioScienceLLCMemberhttp://www.monroebdc.com/20220930#TigerConnectIncMemberhttp://www.monroebdc.com/20220930#TigerConnectIncMemberhttp://www.monroebdc.com/20220930#TigerConnectIncMemberhttp://www.monroebdc.com/20220930#WhistlerParentHoldingsIIIIncMemberhttp://www.monroebdc.com/20220930#WhistlerParentHoldingsIIIIncMemberhttp://www.monroebdc.com/20220930#WhistlerParentHoldingsIIIIncMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#ArcstorMidcoLLCMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#DrawbridgePartnersLlcMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#DrawbridgePartnersLlcMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#DrawbridgePartnersLlcMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#MarkLogicCorporationMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#MarkLogicCorporationMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#MarkLogicCorporationMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#MarkLogicCorporationMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#MarkLogicCorporationMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#MedalliaIncMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#MindbodyIncMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#MindbodyIncMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#MindbodyIncMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#NewformaIncMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#NewformaIncMemberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#PlanfulInc.Memberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#PlanfulInc.Memberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#PlanfulInc.Memberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#PlanfulInc.Memberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#PlanfulInc.Memberhttp://www.monroebdc.com/20220930#HighTechIndustriesSectorMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#EquineNetworkLLCMemberhttp://www.monroebdc.com/20220930#HotelsGamingLeisureSectorMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#EquineNetworkLLCMemberhttp://www.monroebdc.com/20220930#HotelsGamingLeisureSectorMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#EquineNetworkLLCMemberhttp://www.monroebdc.com/20220930#HotelsGamingLeisureSectorMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#EquineNetworkLLCMemberhttp://www.monroebdc.com/20220930#HotelsGamingLeisureSectorMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#DestinationMediaIncMemberhttp://www.monroebdc.com/20220930#MediaAdvertisingPrintingPublishingSectorMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#DestinationMediaIncMemberhttp://www.monroebdc.com/20220930#MediaAdvertisingPrintingPublishingSectorMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#NorthHavenUSHCAcquisitionIncMemberhttp://www.monroebdc.com/20220930#MediaAdvertisingPrintingPublishingSectorMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#NorthHavenUSHCAcquisitionIncMemberhttp://www.monroebdc.com/20220930#MediaAdvertisingPrintingPublishingSectorMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#NorthHavenUSHCAcquisitionIncMemberhttp://www.monroebdc.com/20220930#MediaAdvertisingPrintingPublishingSectorMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#NorthHavenUSHCAcquisitionIncMemberhttp://www.monroebdc.com/20220930#MediaAdvertisingPrintingPublishingSectorMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#NorthHavenUSHCAcquisitionIncMemberhttp://www.monroebdc.com/20220930#MediaAdvertisingPrintingPublishingSectorMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#NorthHavenUSHCAcquisitionIncMemberhttp://www.monroebdc.com/20220930#MediaAdvertisingPrintingPublishingSectorMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#RelevateHealthGroupLLCMemberhttp://www.monroebdc.com/20220930#MediaAdvertisingPrintingPublishingSectorMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#RelevateHealthGroupLLCMemberhttp://www.monroebdc.com/20220930#MediaAdvertisingPrintingPublishingSectorMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#RelevateHealthGroupLLCMemberhttp://www.monroebdc.com/20220930#MediaAdvertisingPrintingPublishingSectorMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#SpherixGlobalInc.Memberhttp://www.monroebdc.com/20220930#MediaAdvertisingPrintingPublishingSectorMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#SpherixGlobalInc.Memberhttp://www.monroebdc.com/20220930#MediaAdvertisingPrintingPublishingSectorMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#XanEduPublishingIncMemberhttp://www.monroebdc.com/20220930#MediaAdvertisingPrintingPublishingSectorMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#XanEduPublishingIncMemberhttp://www.monroebdc.com/20220930#MediaAdvertisingPrintingPublishingSectorMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#XanEduPublishingIncMemberhttp://www.monroebdc.com/20220930#MediaAdvertisingPrintingPublishingSectorMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#ViceGroupHoldingIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#ViceGroupHoldingIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#ViceGroupHoldingIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#ViceGroupHoldingIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#AttomIntermediateHoldcoLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#AttomIntermediateHoldcoLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#AttomIntermediateHoldcoLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#AttomIntermediateHoldcoLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#AttomIntermediateHoldcoLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#BonterraLLCfkaCybergrantsHoldingsMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#BonterraLLCfkaCybergrantsHoldingsMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#BonterraLLCfkaCybergrantsHoldingsMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#Chess.comLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#Chess.comLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#CrownpeakTechnologyIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#CrownpeakTechnologyIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#CrownpeakTechnologyIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#CrownpeakTechnologyIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#CrownpeakTechnologyIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#SpectrumScienceCommunicationsLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#SpectrumScienceCommunicationsLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#BLSTOperatingCompanyLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#FormanMillsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#FormanMillsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#ArasCorporationMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#ArasCorporationMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#BurroughsInc.Memberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#BurroughsInc.Memberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#HS4AcquisitioncoIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#HS4AcquisitioncoIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#RedZoneRoboticsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#RedZoneRoboticsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#RelativityODALLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#RelativityODALLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#SecurityServicesAcquisitionSubCorpMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#SecurityServicesAcquisitionSubCorpMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#SecurityServicesAcquisitionSubCorpMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#SecurityServicesAcquisitionSubCorpMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#SecurityServicesAcquisitionSubCorpMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#ServiceMaxIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#ServiceMaxIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#VPSHoldingsLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#VPSHoldingsLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#VPSHoldingsLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#ExpressWashAcquisitionCompanyLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMembertruehttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#ExpressWashAcquisitionCompanyLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#ExpressWashAcquisitionCompanyLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#KarWashHoldingsLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#KarWashHoldingsLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#KarWashHoldingsLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#KarWashHoldingsLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#MammothHoldingsLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#MammothHoldingsLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#MammothHoldingsLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#MammothHoldingsLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#MammothHoldingsLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#PrimeRateMemberhttp://www.monroebdc.com/20220930#AmericanBroadbandandTelecommunicationsCompanyLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#PrimeRateMemberhttp://www.monroebdc.com/20220930#AmericanBroadbandandTelecommunicationsCompanyLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#CalabrioIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#CalabrioIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#NearlyNaturalIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#NearlyNaturalIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#NearlyNaturalIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#NearlyNaturalIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#NearlyNaturalIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#CassavantHoldingsLLCMemberhttp://fasb.org/us-gaap/2022#UnitrancheDebtMemberhttp://www.monroebdc.com/20220930#VinciBrandsLLCMemberhttp://www.monroebdc.com/20220930#ConsumerSectorNon-DurableMemberhttp://www.monroebdc.com/20220930#VinciBrandsLLCMemberhttp://www.monroebdc.com/20220930#VinciBrandsLLCMemberhttp://www.monroebdc.com/20220930#VinciBrandsLLCMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#UnitrancheDebtMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://fasb.org/us-gaap/2022#UnitrancheDebtMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://fasb.org/us-gaap/2022#UnitrancheDebtMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://fasb.org/us-gaap/2022#UnitrancheDebtMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#UnitrancheDebtMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://fasb.org/us-gaap/2022#JuniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://fasb.org/us-gaap/2022#JuniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://fasb.org/us-gaap/2022#JuniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#JuniorLoansMembertruetruetruehttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#BornToRunLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberfalsehttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#BornToRunLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#HastingsManufacturingCompanyMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#LiftedTrucksHoldingsLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#LiftedTrucksHoldingsLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#LiftedTrucksHoldingsLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#MagnetoDieselAcquisitionInc.Memberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#MagnetoDieselAcquisitionInc.Memberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#MagnetoDieselAcquisitionInc.Memberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#MagnetoDieselAcquisitionInc.Memberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#MVReceivablesIILLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#StarComplianceMidCoLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#StarComplianceMidCoLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#StarComplianceMidCoLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#LVFHoldingsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#LVFHoldingsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#LVFHoldingsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#LVFHoldingsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#LXJTIntermediateHoldingsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#LXJTIntermediateHoldingsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#MCPShawAcquisitioncoLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberfalsehttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#MCPShawAcquisitioncoLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#MCPShawAcquisitioncoLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#MCPShawAcquisitioncoLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#ValudorProductsLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#ValudorProductsLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#ValudorProductsLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#ValudorProductsLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#BrightlySoftwareHoldingsInc.fkaDudeSolutionsHoldingsInc.Memberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#BrightlySoftwareHoldingsInc.fkaDudeSolutionsHoldingsInc.Memberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#TCFIIIOWLBuyerLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#TCFIIIOWLBuyerLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#TCFIIIOWLBuyerLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#IndependenceBuyerInc.Memberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#IndependenceBuyerInc.Memberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#RecycledPlasticsIndustriesLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#RecycledPlasticsIndustriesLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#TheKyjenCompanyLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#TheKyjenCompanyLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#ThrasioLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#QuestResourceManagementGroupLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#QuestResourceManagementGroupLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#QuestResourceManagementGroupLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#QuestResourceManagementGroupLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#StormTrapLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#StormTrapLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#SynergyEnvironmentalCorporationMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#SynergyEnvironmentalCorporationMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#SynergyEnvironmentalCorporationMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#SynergyEnvironmentalCorporationMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberfalsehttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#LiftforwardSPVIILLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#NCBPPropertyLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#ApothecoLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#ApothecoLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#BrickellBayAcquisitionCorpMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#BrickellBayAcquisitionCorpMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#CaravelAutismHealthLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#CaravelAutismHealthLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#CaravelAutismHealthLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#DoradoAcquisitionInc.Memberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#DoradoAcquisitionInc.Memberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#DoradoAcquisitionInc.Memberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#INHBuyerInc.Memberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#NationsBenefitsLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#NationsBenefitsLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMembertruehttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#SeranBioScienceLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#SeranBioScienceLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#ArcstorMidcoLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#MarkLogicCorporationMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#MarkLogicCorporationMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#MarkLogicCorporationMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#MarkLogicCorporationMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#MindbodyIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#MindbodyIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#MindbodyIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#NewformaIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#NewformaIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#PlanfulIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#PlanfulIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#PlanfulIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#EquineNetworkLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#EquineNetworkLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#EquineNetworkLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#EquineNetworkLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://www.monroebdc.com/20220930#DestinationMediaIncMembertruehttp://www.monroebdc.com/20220930#DestinationMediaIncMemberhttp://www.monroebdc.com/20220930#NorthHavenUSHCAcquisitionIncMemberhttp://www.monroebdc.com/20220930#NorthHavenUSHCAcquisitionIncMemberhttp://www.monroebdc.com/20220930#NorthHavenUSHCAcquisitionIncMemberhttp://www.monroebdc.com/20220930#NorthHavenUSHCAcquisitionIncMemberhttp://www.monroebdc.com/20220930#RelevateHealthGroupLLCMemberhttp://www.monroebdc.com/20220930#RelevateHealthGroupLLCMemberhttp://www.monroebdc.com/20220930#RelevateHealthGroupLLCMemberhttp://www.monroebdc.com/20220930#SpherixGlobalInc.Memberhttp://www.monroebdc.com/20220930#SpherixGlobalInc.Memberhttp://www.monroebdc.com/20220930#XanEduPublishingIncMemberhttp://www.monroebdc.com/20220930#XanEduPublishingIncMemberhttp://www.monroebdc.com/20220930#ViceGroupHoldingIncMemberhttp://www.monroebdc.com/20220930#ViceGroupHoldingIncMemberhttp://www.monroebdc.com/20220930#ViceGroupHoldingIncMemberhttp://www.monroebdc.com/20220930#ViceGroupHoldingIncMemberhttp://www.monroebdc.com/20220930#AttomIntermediateHoldcoLLCMemberhttp://www.monroebdc.com/20220930#AttomIntermediateHoldcoLLCMemberhttp://www.monroebdc.com/20220930#AttomIntermediateHoldcoLLCMemberhttp://www.monroebdc.com/20220930#AttomIntermediateHoldcoLLCMemberhttp://www.monroebdc.com/20220930#Chess.comLLCMemberhttp://www.monroebdc.com/20220930#Chess.comLLCMemberhttp://www.monroebdc.com/20220930#CrownpeakTechnologyIncMemberhttp://www.monroebdc.com/20220930#CrownpeakTechnologyIncMemberhttp://www.monroebdc.com/20220930#CrownpeakTechnologyIncMemberhttp://www.monroebdc.com/20220930#BonterraLLCfkaCybergrantsHoldingsMemberhttp://www.monroebdc.com/20220930#BonterraLLCfkaCybergrantsHoldingsMemberhttp://www.monroebdc.com/20220930#BonterraLLCfkaCybergrantsHoldingsMemberhttp://www.monroebdc.com/20220930#BLSTOperatingCompanyLLCMemberhttp://www.monroebdc.com/20220930#FormanMillsInc.Memberhttp://www.monroebdc.com/20220930#FormanMillsInc.Memberhttp://www.monroebdc.com/20220930#FormanMillsInc.Memberhttp://www.monroebdc.com/20220930#ArasCorporationMembertruehttp://www.monroebdc.com/20220930#ArasCorporationMemberhttp://www.monroebdc.com/20220930#BurroughsInc.Memberhttp://www.monroebdc.com/20220930#BurroughsInc.Memberhttp://www.monroebdc.com/20220930#CertifyIncMemberhttp://www.monroebdc.com/20220930#CertifyIncMemberhttp://www.monroebdc.com/20220930#CertifyIncMemberhttp://www.monroebdc.com/20220930#HS4AcquisitioncoIncMemberhttp://www.monroebdc.com/20220930#HS4AcquisitioncoIncMemberhttp://www.monroebdc.com/20220930#ITGlobalHoldingLLCMemberhttp://www.monroebdc.com/20220930#ITGlobalHoldingLLCMemberhttp://www.monroebdc.com/20220930#ITGlobalHoldingLLCMemberhttp://www.monroebdc.com/20220930#RedZoneRoboticsIncMemberhttp://www.monroebdc.com/20220930#RedZoneRoboticsIncMemberhttp://www.monroebdc.com/20220930#RelativityODALLCMemberhttp://www.monroebdc.com/20220930#RelativityODALLCMemberhttp://www.monroebdc.com/20220930#SecurityServicesAcquisitionSubCorpMemberhttp://www.monroebdc.com/20220930#SecurityServicesAcquisitionSubCorpMemberhttp://www.monroebdc.com/20220930#SecurityServicesAcquisitionSubCorpMemberhttp://www.monroebdc.com/20220930#SecurityServicesAcquisitionSubCorpMemberhttp://www.monroebdc.com/20220930#SecurityServicesAcquisitionSubCorpMemberhttp://www.monroebdc.com/20220930#ServiceMaxIncMemberhttp://www.monroebdc.com/20220930#ServiceMaxIncMemberhttp://www.monroebdc.com/20220930#VPSHoldingsLLCMemberhttp://www.monroebdc.com/20220930#VPSHoldingsLLCMemberhttp://www.monroebdc.com/20220930#VPSHoldingsLLCMemberhttp://www.monroebdc.com/20220930#ExpressWashAcquisitionCompanyLLCMemberhttp://www.monroebdc.com/20220930#ExpressWashAcquisitionCompanyLLCMemberhttp://www.monroebdc.com/20220930#ExpressWashAcquisitionCompanyLLCMemberhttp://www.monroebdc.com/20220930#ExpressWashAcquisitionCompanyLLCMemberhttp://www.monroebdc.com/20220930#ExpressWashAcquisitionCompanyLLCMemberhttp://www.monroebdc.com/20220930#IDIGParentLLCMemberhttp://www.monroebdc.com/20220930#IDIGParentLLCMemberhttp://www.monroebdc.com/20220930#IDIGParentLLCMemberhttp://www.monroebdc.com/20220930#MammothHoldingsLLCMemberhttp://www.monroebdc.com/20220930#MammothHoldingsLLCMemberhttp://www.monroebdc.com/20220930#MammothHoldingsLLCMemberhttp://www.monroebdc.com/20220930#MammothHoldingsLLCMemberhttp://www.monroebdc.com/20220930#MammothHoldingsLLCMemberhttp://www.monroebdc.com/20220930#CalabrioIncMembertruehttp://www.monroebdc.com/20220930#CalabrioIncMemberhttp://www.monroebdc.com/20220930#VHTAcquisitionsLLCMemberhttp://www.monroebdc.com/20220930#VHTAcquisitionsLLCMemberhttp://www.monroebdc.com/20220930#VHTAcquisitionsLLCMemberhttp://www.monroebdc.com/20220930#NearlyNaturalIncMemberhttp://www.monroebdc.com/20220930#NearlyNaturalIncMemberhttp://www.monroebdc.com/20220930#NearlyNaturalIncMemberhttp://www.monroebdc.com/20220930#NearlyNaturalIncMemberhttp://www.monroebdc.com/20220930#NearlyNaturalIncMemberhttp://www.monroebdc.com/20220930#CassavantHoldingsLLCMemberhttp://www.monroebdc.com/20220930#MFGChemicalLLCMemberhttp://www.monroebdc.com/20220930#MFGChemicalLLCMemberhttp://www.monroebdc.com/20220930#PriorityAmbulanceLLCMemberhttp://www.monroebdc.com/20220930#PriorityAmbulanceLLCMemberhttp://www.monroebdc.com/20220930#PriorityAmbulanceLLCMemberhttp://www.monroebdc.com/20220930#PriorityAmbulanceLLCMemberhttp://www.monroebdc.com/20220930#EnergyServicesGroupLLCMemberhttp://www.monroebdc.com/20220930#EnergyServicesGroupLLCMemberhttp://www.monroebdc.com/20220930#EnergyServicesGroupLLCMemberhttp://www.monroebdc.com/20220930#WillowTreeLLCMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMembertruetruehttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#JuniorLoansMembertruetruehttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#TJManagementHoldCoLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#FoodAndBeverageSectorMemberhttp://fasb.org/us-gaap-sup/2022q3#FoodAndBeverageSectorMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AmericanCommunityHomesInc.Memberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#HFZCapitalGroupLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMembertruehttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#HFZCapitalGroupLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMembertruehttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#MCAssetManagementCorporateLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#MCAssetManagementCorporateLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#SecondAvenueSFRHoldingsIILLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AscentMidcoLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#AscentMidcoLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#MnineHoldingsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentAffiliatedIssuerNoncontrolledMemberhttp://www.monroebdc.com/20220930#NECBCollectionsLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMembertruehttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#JuniorLoansMemberhttp://fasb.org/us-gaap/2022#JuniorLoansMemberhttp://fasb.org/us-gaap/2022#JuniorLoansMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://fasb.org/us-gaap/2022#EquitySecuritiesMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMemberhttp://www.monroebdc.com/20220930#BannockburnGlobalForexLlcMember0.500http://fasb.org/us-gaap/2022#PrimeRateMemberhttp://www.monroebdc.com/20220930#BromfordIndustriesLimitedMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#PrimeRateMemberhttp://www.monroebdc.com/20220930#BromfordIndustriesLimitedMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#TridentMaritimeSystemsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#TridentMaritimeSystemsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#TridentMaritimeSystemsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#AccelerateAutoWorksIntermediateLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#AccelerateAutoWorksIntermediateLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#AccelerateAutoWorksIntermediateLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#Truck-LiteCo.LLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#Truck-LiteCo.LLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#Truck-LiteCo.LLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#WheelProsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#SWIngredientsHoldingsLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#AnalogicCorporationMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#DSParentIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#MacQueenEquipmentLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#MacQueenEquipmentLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#MacQueenEquipmentLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#PhoenixChemicalHoldingCompanyLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#TJCSpartechAcquisitionCorpMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#TheCookBoardmanGroupLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#InternationalTextileGroupIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#RunnerBuyerINCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#PHBeautyHoldingsIIIINCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#Liqui-BoxHoldingsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#PolychemAcquisitionLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#PortTownsendHoldingsCompanyInc.andCrownCorrugatedCompanyMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#PVHCHoldingCorpMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#DrillingInfoHoldingsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#OffenIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#OffenIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#HarbourBenefitHoldingsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#HarbourBenefitHoldingsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#MinotaurAcquisitionIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#AvisonYoungUSAIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#CanoHealthLLMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#HAHGroupHoldingCompanyLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#LSCSHoldingsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#NatusMedicalIncorporatedMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#ParagonHealthcareIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#ParagonHealthcareIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#ParagonHealthcareIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#RadiologyPartnersIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#TEAMPublicChoicesLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#CorelIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#LightboxIntermediateL.PMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#LWBuyerLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#TGGTSAcquisitionCompanyMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#ExcelFitnessHoldingsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#ExcelFitnessHoldingsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#NorthHavenSpartanUSHoldcoLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#TaitLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#PrimeRateMemberhttp://www.monroebdc.com/20220930#TaitLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#CadentLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#CadentLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#ResearchNowGroupInc.andSurveySamplingInternationalLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#STATSIntermediateHoldingsLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#TATTBuyerLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#AQCarverBuyerIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#CHAHoldingsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#CHAHoldingsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#EliassenGroupLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#EliassenGroupLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#Engage2ExcelIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#Engage2ExcelIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#PrimeRateMemberhttp://www.monroebdc.com/20220930#Engage2ExcelIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#OrbitPurchaserLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#OrbitPurchaserLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#OrbitPurchaserLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#OutputServicesGroupIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#SecretariatAdvisorsLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#SecretariatAdvisorsLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#SIRVAWorldwideIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#TeneoHoldingsLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#TheKleinfelderGroupIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#ThreeSixty360HoldcoIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#ThreeSixty360HoldcoIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#LaserawayIntermediateHoldingsIILLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberhttp://www.monroebdc.com/20220930#McKissockInvestmentHoldingsLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#IntermediaHoldingsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#MavenirSystemsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#SandvineCorporationMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#KeystonePurchaserLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#DresserUtilitySolutionsLLCfkaNGSUSFincoLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#DresserUtilitySolutionsLLCfkaNGSUSFincoLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://www.monroebdc.com/20220930#HALOBuyerIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BromfordIndustriesLimitedMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#PrimeRateMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#BromfordIndustriesLimitedMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#TridentMaritimeSystemsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#TridentMaritimeSystemsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#AccelerateAutoWorksIntermediateLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#AccelerateAutoWorksIntermediateLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#AccelerateAutoWorksIntermediateLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#Truck-LiteCo.LLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#Truck-LiteCo.LLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#WheelProsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#SWIngredientsHoldingsLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#AnalogicCorporationMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#DSParentIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#PhoenixChemicalHoldingCompanyLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#TheCookBoardmanGroupLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#InternationalTextileGroupIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#RunnerBuyerINCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#PHBeautyHoldingsIIIINCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#Liqui-BoxHoldingsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#PolychemAcquisitionLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#PortTownsendHoldingsCompanyInc.andCrownCorrugatedCompanyMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#PVHCHoldingCorpMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#DrillingInfoHoldingsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#OffenIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#OffenIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HarbourBenefitHoldingsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HarbourBenefitHoldingsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#HarbourBenefitHoldingsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#AvisonYoungUSAIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#CanoHealthLLMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#LSCSHoldingsIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#RadiologyPartnersIncMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap-sup/2022q3#InvestmentUnaffiliatedIssuerMemberhttp://www.monroebdc.com/20220930#TEAMPublicChoicesLLCMemberhttp://fasb.org/us-gaap/2022#SeniorLoansMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#NonUsMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#PrimeRateMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#LondonInterbankOfferedRateLIBORMemberhttp://fasb.org/us-gaap/2022#DerivativeAssets0001512931us-gaap:CommonStockMember2021-07-012021-09-300001512931us-gaap:AdditionalPaidInCapitalMember2021-07-012021-09-300001512931us-gaap:AdditionalPaidInCapitalMember2021-01-012021-09-300001512931us-gaap:CommonStockMember2021-01-012021-09-300001512931us-gaap:RetainedEarningsMember2022-09-300001512931us-gaap:AdditionalPaidInCapitalMember2022-09-300001512931us-gaap:RetainedEarningsMember2022-06-300001512931us-gaap:AdditionalPaidInCapitalMember2022-06-300001512931us-gaap:RetainedEarningsMember2021-12-310001512931us-gaap:AdditionalPaidInCapitalMember2021-12-310001512931us-gaap:RetainedEarningsMember2021-09-300001512931us-gaap:AdditionalPaidInCapitalMember2021-09-300001512931us-gaap:RetainedEarningsMember2021-06-300001512931us-gaap:AdditionalPaidInCapitalMember2021-06-300001512931us-gaap:RetainedEarningsMember2020-12-310001512931us-gaap:AdditionalPaidInCapitalMember2020-12-310001512931mrcc:AtMarketMember2021-09-300001512931mrcc:AtMarketMember2022-01-012022-09-300001512931mrcc:SbaDebenturesPayableMember2022-01-012022-09-300001512931mrcc:SbaDebenturesPayableMember2021-01-012021-09-300001512931mrcc:Notes2023Member2021-01-012021-09-300001512931us-gaap:RevolvingCreditFacilityMember2022-01-012022-09-300001512931us-gaap:RevolvingCreditFacilityMember2021-01-012021-09-300001512931mrcc:Notes2026Member2021-01-012021-09-300001512931mrcc:InvestmentInEquityOfMrccSeniorLoanFundILlcMember2022-07-012022-09-300001512931mrcc:InvestmentInEquityOfMrccSeniorLoanFundILlcMember2022-01-012022-09-300001512931mrcc:InvestmentInEquityOfMrccSeniorLoanFundILlcMember2021-07-012021-09-300001512931mrcc:InvestmentInEquityOfMrccSeniorLoanFundILlcMember2021-01-012021-09-300001512931mrcc:McAssetManagementCorporateLlcCorporateMembermrcc:McAssetManagementIndustrialLlcIndustrialMember2021-12-310001512931mrcc:McAssetManagementCorporateLlcCorporateMember2021-12-310001512931mrcc:McAssetManagementCorporateLlcCorporateMembermrcc:McAssetManagementIndustrialLlcIndustrialMember2020-12-310001512931mrcc:McAssetManagementCorporateLlcCorporateMembermrcc:McAssetManagementCorporateLlcCorporateMember2020-12-310001512931mrcc:SbaDebenturesWithInterestRate3.4PercentMembermrcc:MonroeCapitalCorporationSbicLpMember2021-12-310001512931mrcc:SbaDebenturesWithInterestRate3.3PercentMembermrcc:MonroeCapitalCorporationSbicLpMember2021-12-310001512931mrcc:SbaDebenturesWithInterestRate3.2PercentMembermrcc:MonroeCapitalCorporationSbicLpMember2021-12-310001512931mrcc:SbaDebenturesWithInterestRate2.9PercentMembermrcc:MonroeCapitalCorporationSbicLpMember2021-12-310001512931mrcc:ToojaysNewcoMember2021-12-310001512931mrcc:AvailableMaximumBorrowingCapacityPercentageLessThan35PercentMemberus-gaap:RevolvingCreditFacilityMember2022-01-012022-09-300001512931mrcc:AvailableMaximumBorrowingCapacityPercentageEqualToOrGreaterThan35PercentMemberus-gaap:RevolvingCreditFacilityMember2022-01-012022-09-300001512931mrcc:MrccSeniorLoanFundILlcMembermrcc:SeniorSecuredRevolvingCreditFacilityMember2022-09-300001512931currency:USDus-gaap:RevolvingCreditFacilityMember2021-12-310001512931currency:GBPus-gaap:RevolvingCreditFacilityMember2021-12-310001512931us-gaap:UnitrancheDebtMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2022-09-300001512931us-gaap:UnitrancheDebtMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2022-09-300001512931us-gaap:SeniorLoansMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2022-09-300001512931us-gaap:SeniorLoansMemberus-gaap:MeasurementInputRevenueMultipleMembermrcc:ValuationTechniqueEnterpriseValueMember2022-09-300001512931us-gaap:SeniorLoansMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2022-09-300001512931us-gaap:SeniorLoansMembermrcc:MeasurementInputProbabilityWeightingOfAlternativeOutcomesMembermrcc:ValuationTechniqueLiquidationMember2022-09-300001512931us-gaap:SeniorLoansMembermrcc:MeasurementInputBookValueMultiplesMembermrcc:ValuationTechniqueEnterpriseValueMember2022-09-300001512931us-gaap:JuniorLoansMembermrcc:MeasurementInputProbabilityWeightingOfAlternativeOutcomesMembermrcc:ValuationTechniqueLiquidationMember2022-09-300001512931us-gaap:JuniorLoansMembermrcc:MeasurementInputProbabilityMarketYieldsMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2022-09-300001512931us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:UnitrancheDebtMember2022-09-300001512931us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:SeniorLoansMember2022-09-300001512931us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:JuniorLoansMember2022-09-300001512931us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2022-09-300001512931us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2022-09-300001512931us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputRevenueMultipleMembermrcc:ValuationTechniqueEnterpriseValueMember2022-09-300001512931us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:ValuationTechniqueOptionPricingModelMember2022-09-300001512931us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2022-09-300001512931us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputEbitdaMultipleMembermrcc:ValuationTechniqueEnterpriseValueMember2022-09-300001512931us-gaap:FairValueMeasurementsRecurringMemberus-gaap:UnitrancheDebtMember2022-09-300001512931us-gaap:FairValueMeasurementsRecurringMemberus-gaap:SeniorLoansMember2022-09-300001512931us-gaap:FairValueMeasurementsRecurringMemberus-gaap:JuniorLoansMember2022-09-300001512931us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2022-09-300001512931us-gaap:FairValueMeasuredAtNetAssetValuePerShareMemberus-gaap:FairValueMeasurementsRecurringMember2022-09-300001512931us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2022-09-300001512931us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2022-09-300001512931us-gaap:UnitrancheDebtMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931us-gaap:UnitrancheDebtMemberus-gaap:MeasurementInputRevenueMultipleMembermrcc:ValuationTechniqueEnterpriseValueMember2021-12-310001512931us-gaap:UnitrancheDebtMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931us-gaap:SeniorLoansMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931us-gaap:SeniorLoansMemberus-gaap:MeasurementInputRevenueMultipleMembermrcc:ValuationTechniqueEnterpriseValueMember2021-12-310001512931us-gaap:SeniorLoansMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931us-gaap:SeniorLoansMemberus-gaap:MeasurementInputEbitdaMultipleMembermrcc:ValuationTechniqueEnterpriseValueMember2021-12-310001512931us-gaap:SeniorLoansMembermrcc:MeasurementInputProbabilityWeightingOfAlternativeOutcomesMembermrcc:ValuationTechniqueLiquidationMember2021-12-310001512931us-gaap:SeniorLoansMembermrcc:MeasurementInputBookValueMultiplesMembermrcc:ValuationTechniqueEnterpriseValueMember2021-12-310001512931us-gaap:JuniorLoansMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931us-gaap:JuniorLoansMembermrcc:MeasurementInputProbabilityWeightingOfAlternativeOutcomesMembermrcc:ValuationTechniqueLiquidationMember2021-12-310001512931us-gaap:JuniorLoansMembermrcc:MeasurementInputProbabilityMarketYieldsMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:UnitrancheDebtMember2021-12-310001512931us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:SeniorLoansMember2021-12-310001512931us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:JuniorLoansMember2021-12-310001512931us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2021-12-310001512931us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2021-12-310001512931us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputRevenueMultipleMembermrcc:ValuationTechniqueEnterpriseValueMember2021-12-310001512931us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:ValuationTechniqueOptionPricingModelMember2021-12-310001512931us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931us-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputEbitdaMultipleMembermrcc:ValuationTechniqueEnterpriseValueMember2021-12-310001512931us-gaap:EquitySecuritiesMembermrcc:MeasurementInputProbabilityWeightingOfAlternativeOutcomesMembermrcc:ValuationTechniqueLiquidationMember2021-12-310001512931us-gaap:EquitySecuritiesMembermrcc:MeasurementInputBookValueMultiplesMembermrcc:ValuationTechniqueEnterpriseValueMember2021-12-310001512931us-gaap:FairValueMeasurementsRecurringMemberus-gaap:UnitrancheDebtMember2021-12-310001512931us-gaap:FairValueMeasurementsRecurringMemberus-gaap:SeniorLoansMember2021-12-310001512931us-gaap:FairValueMeasurementsRecurringMemberus-gaap:JuniorLoansMember2021-12-310001512931us-gaap:FairValueMeasurementsRecurringMemberus-gaap:EquitySecuritiesMember2021-12-310001512931us-gaap:FairValueMeasuredAtNetAssetValuePerShareMemberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001512931us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001512931us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001512931us-gaap:CommercialAndIndustrialSectorMemberus-gaap-supplement:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:EquitySecuritiesMember2021-12-310001512931mrcc:BusinessServicesSectorMemberus-gaap-supplement:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:EquitySecuritiesMember2021-12-310001512931us-gaap-supplement:FoodAndBeverageSectorMemberus-gaap-supplement:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:SeniorLoansMember2021-12-310001512931mrcc:BusinessServicesSectorMemberus-gaap-supplement:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:SeniorLoansMember2022-09-300001512931mrcc:TJManagementHoldCoLLCMember2021-12-310001512931mrcc:SFRHoldcoLLCMember2021-12-310001512931mrcc:SecondAvenueSFRHoldingsIILLCMember2021-12-310001512931mrcc:NECBCollectionsLLCMember2021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMember2021-12-310001512931mrcc:MnineHoldingsIncMember2021-12-310001512931mrcc:HFZCapitalGroupLLCAndMCAssetManagementCorporateLLCMember2021-12-310001512931mrcc:FamiliaDentalGroupHoldingsLLCMember2021-12-310001512931mrcc:CurionHoldingsLLCMember2021-12-310001512931SFR Holdco, LLC (Junior secured loan)2021-12-310001512931SFR Holdco, LLC, Equity Securities, 24.4% of Interest2021-12-310001512931M C Asset Management ( Corporate), L L C, Equity Securities2021-12-310001512931Curion Holdings, L L C, Senior Secured Loans, One, Acquisition Date 5/2/20172021-12-310001512931Curion Holdings, LLC (Revolver), Senior Secured Loans, Two, Acquisition Date 5/2/20172021-12-310001512931American Community Homes, Inc., Senior Secured Loans, Two, Acquisition Date 7/22/20142021-12-310001512931American Community Homes, Inc., Senior Secured Loans, Six, Acquisition Date 8/10/20182021-12-310001512931American Community Homes, Inc., Senior Secured Loans, Seven, Acquisition Date 3/29/20192021-12-310001512931American Community Homes, Inc., Senior Secured Loans, One, Acquisition Date 7/22/20142021-12-310001512931American Community Homes, Inc., Senior Secured Loans, Nine, Acquisition Date 12/30/20192021-12-310001512931American Community Homes, Inc., Senior Secured Loans, Four, Acquisition Date 5/24/20172021-12-310001512931American Community Homes, Inc., Senior Secured Loans, Eight, Acquisition Date 9/30/20192021-12-310001512931mrcc:AscentMidcoLLCMember2021-12-310001512931mrcc:AmericanCommunityHomesInc.Member2021-12-310001512931us-gaap-supplement:InvestmentAffiliatedIssuerNoncontrolledMember2021-09-300001512931us-gaap-supplement:InvestmentAffiliatedIssuerControlledMember2021-09-300001512931us-gaap-supplement:InvestmentAffiliatedIssuerNoncontrolledMember2020-12-310001512931us-gaap-supplement:InvestmentAffiliatedIssuerControlledMember2020-12-310001512931mrcc:VinciBrandsLLCfkaIncipioLLCMember2020-12-310001512931mrcc:TJManagementHoldCoLLCMember2020-12-310001512931mrcc:SummitContainerCorporationMember2020-12-310001512931mrcc:SHIHoldingsIncMember2020-12-310001512931mrcc:NECBCollectionsLLCMember2020-12-310001512931mrcc:MRCCSeniorLoanFundILLCMember2020-12-310001512931mrcc:MnineHoldingsIncMember2020-12-310001512931mrcc:LuxuryOpticalHoldingsCoMember2020-12-310001512931mrcc:HFZCapitalGroupLLCMCAssetManagementCorporateLLCandMCAssetManagementIndustrialLLCMember2020-12-310001512931mrcc:FamiliaDentalGroupHoldingsLLCMember2020-12-310001512931mrcc:CurionHoldingsLLCMember2020-12-310001512931Vinci Brands L L C (fka Incipio, L L C), Loan Two2020-12-310001512931Vinci Brands L L C (fka Incipio, L L C), Loan Three2020-12-310001512931Vinci Brands L L C (fka Incipio, L L C), Loan Six2020-12-310001512931Vinci Brands L L C (fka Incipio, L L C), Loan One2020-12-310001512931Vinci Brands L L C (fka Incipio, L L C), Loan Four2020-12-310001512931Vinci Brands L L C (fka Incipio, L L C), Loan Five2020-12-310001512931T J Management Hold Co L L C, Equity Securities, Common stock2020-12-310001512931Summit Container Corporation ( Revolver)2020-12-310001512931Summit Container Corporation, Investment One2020-12-310001512931Summit Container Corporation, Equity Securities, Warrants2020-12-310001512931S H I Holdings, Inc. ( Revolver)2020-12-310001512931S H I Holdings, Inc., Investment One2020-12-310001512931N E C B Collections, L L C ( Revolver), Senior Secured Loans2020-12-310001512931M R C C Senior Loan Fund I, L L C, Equity Securities2020-12-310001512931Mnine Holdings, Inc., Senior Secured Loans Due 12/30/20222020-12-310001512931M C Asset Management ( Industrial), L L C Promissory Note2020-12-310001512931M C Asset Management ( Corporate), L L C, Equity Securities2020-12-310001512931Luxury Optical Holdings Co.( Revolver)2020-12-310001512931Luxury Optical Holdings Co. Investment, One2020-12-310001512931Luxury Optical Holdings Co., Equity Securities, Preferred Units2020-12-310001512931Luxury Optical Holdings Co. ( Delayed Draw)2020-12-310001512931H F Z Capital Group L L C, Senior Secured Loans , Two2020-12-310001512931H F Z Capital Group L L C, Senior Secured Loans, One2020-12-310001512931Familia Dental Group Holdings, L L C, Equity Securities, Class A units2020-12-310001512931Curion Holdings, L L C, Senior Secured Loans, One, Acquisition Date 5/2/20172020-12-310001512931Curion Holdings, LLC (Revolver), Senior Secured Loans, Two, Acquisition Date 5/2/20172020-12-310001512931Ascent Midco, L L C, Senior Secured Loans Due 2/5/20252020-12-310001512931Ascent Midco, L L C, Equity Securities, Class A units2020-12-310001512931American Community Homes, Inc., Senior Secured Loans, Two, Acquisition Date 7/22/20142020-12-310001512931American Community Homes, Inc., Senior Secured Loans, Six, Acquisition Date 8/10/20182020-12-310001512931American Community Homes, Inc., Senior Secured Loans, Seven, Acquisition Date 3/29/20192020-12-310001512931American Community Homes, Inc., Senior Secured Loans, One, Acquisition Date 7/22/20142020-12-310001512931American Community Homes, Inc., Senior Secured Loans, Nine, Acquisition Date 12/30/20192020-12-310001512931American Community Homes, Inc., Senior Secured Loans, Four, Acquisition Date 5/24/20172020-12-310001512931American Community Homes, Inc., Senior Secured Loans, Eight, Acquisition Date 9/30/20192020-12-310001512931American Community Homes, Inc., Loan Three2020-12-310001512931American Community Homes, Inc., Loan Five2020-12-310001512931mrcc:AscentMidcoLLCMember2020-12-310001512931mrcc:AmericanCommunityHomesInc.Member2020-12-310001512931us-gaap:CommercialAndIndustrialSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:SeniorLoansMember2022-09-300001512931mrcc:MediaAdvertisingPrintingPublishingSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:SeniorLoansMember2022-09-300001512931mrcc:MediaAdvertisingPrintingPublishingSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2022-09-300001512931mrcc:HotelsGamingLeisureSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:SeniorLoansMember2022-09-300001512931us-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2022-09-300001512931us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2022-09-300001512931us-gaap-supplement:InvestmentAffiliatedIssuerNoncontrolledMember2022-09-300001512931us-gaap:RealEstateSectorMemberus-gaap-supplement:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:SeniorLoansMember2021-12-310001512931us-gaap:RealEstateSectorMemberus-gaap-supplement:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:JuniorLoansMember2021-12-310001512931us-gaap:RealEstateSectorMemberus-gaap-supplement:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:EquitySecuritiesMember2021-12-310001512931us-gaap:HealthcareSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:SeniorLoansMember2021-12-310001512931us-gaap:HealthcareSectorMemberus-gaap-supplement:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:EquitySecuritiesMember2021-12-310001512931us-gaap-supplement:FoodAndBeverageSectorMemberus-gaap-supplement:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:EquitySecuritiesMember2021-12-310001512931us-gaap-supplement:ConsumerSectorMemberus-gaap-supplement:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:EquitySecuritiesMember2021-12-310001512931us-gaap:CommercialAndIndustrialSectorMemberus-gaap-supplement:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:SeniorLoansMember2021-12-310001512931mrcc:MediaAdvertisingPrintingPublishingSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2021-12-310001512931mrcc:BusinessServicesSectorMemberus-gaap-supplement:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:SeniorLoansMember2021-12-310001512931us-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2021-12-310001512931us-gaap-supplement:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:SeniorLoansMember2021-12-310001512931us-gaap-supplement:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:JuniorLoansMember2021-12-310001512931us-gaap-supplement:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:EquitySecuritiesMember2021-12-310001512931us-gaap-supplement:InvestmentAffiliatedIssuerControlledMemberus-gaap:EquitySecuritiesMember2021-12-310001512931us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-12-310001512931us-gaap-supplement:InvestmentAffiliatedIssuerNoncontrolledMember2021-12-310001512931us-gaap-supplement:InvestmentAffiliatedIssuerControlledMember2021-12-310001512931us-gaap:FinancialServicesSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:SeniorLoansMember2022-09-300001512931us-gaap:RealEstateSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:SeniorLoansMember2021-12-310001512931us-gaap-supplement:FoodAndBeverageSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:SeniorLoansMember2021-12-310001512931us-gaap:FinancialServicesSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:SeniorLoansMember2021-12-310001512931us-gaap:CommercialAndIndustrialSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:SeniorLoansMember2021-12-310001512931us-gaap-supplement:AutomotiveSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:SeniorLoansMember2021-12-310001512931mrcc:MediaDiversifiedProductionSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:SeniorLoansMember2021-12-310001512931mrcc:HotelsGamingLeisureSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:SeniorLoansMember2021-12-310001512931mrcc:BankingSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:SeniorLoansMember2021-12-310001512931Toojay’s Management L L C, Senior Secured Loans, Two, due 10/26/2022us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-12-310001512931Toojay’s Management L L C, Senior Secured Loans, One, due 10/26/2022us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-12-310001512931Toojay’s Management L L C ( Revolver), Senior Secured Loans, due 10/26/2022us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-12-310001512931Familia Dental Group Holdings, L L C, Equity Securities, Class A units2022-09-302022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberWheel Pros, Inc., Senior Secured Loans, due 5/11/20282022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberTruck- Lite Co., L L C, Senior Secured Loans, Two, due 12/14/20262022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberTruck-Lite Co., LLC, Senior Secured Loans, Three, due 12/14/20262022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberTruck- Lite Co., L L C, Senior Secured Loans, One, due 12/14/20262022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberTrident Maritime Systems, Inc, Senior Secured Loans, Two, due 2/26/20272022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberTrident Maritime Systems, Inc, Senior Secured Loans, One, due 2/26/20272022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberTrident Maritime Systems, Inc ( Revolver), Senior Secured Loans, due 2/26/20272022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberT J C Spartech Acquisition Corp., Senior Secured Loans, due 5/5/20282022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberThe Kleinfelder Group, Inc., Senior Secured Loans, due 11/29/20242022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberThe Cook & Boardman Group L L C, Senior Secured Loans, due 10/20/20252022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberT G G T S Acquisition Company, Senior Secured Loans, due 12/12/20252022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberTeneo Holdings L L C, Senior Secured Loans, due 7/11/20252022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberT E A M Public Choices, L L C, Senior Secured Loans, due 12/17/20272022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberT A T T Buyer, L L C, Senior Secured Loans, due 3/30/20292022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberTait L L C, Senior Secured Loans, due 3/28/20252022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberTait L L C ( Revolver), Senior Secured Loans, due 3/28/20252022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberS W Ingredients Holdings, L L C, Senior Secured Loans, due 7/3/20252022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberS T A T S Intermediate Holdings, L L C, Senior Secured Loans, due 7/10/20262022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberS I R V A Worldwide Inc., Senior Secured Loans, due 8/4/20252022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberSecretariat Advisors L L C, Senior Secured Loans, due 12/29/20282022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberSecretariat Advisors L L C ( Delayed Draw), Senior Secured Loans, due 12/29/20282022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberSandvine Corporation, Senior Secured Loans, due 10/31/20252022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberRunner Buyer I N C., Senior Secured Loans, due 10/23/20282022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberResearch Now Group, Inc. and Survey Sampling International, L L C, Senior Secured Loans, due 12/20/20242022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberRadiology Partners, Inc., Senior Secured Loans, due 7/9/20252022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberP V H C Holding Corp, Senior Secured Loans, due 8/5/20242022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberPort Townsend Holdings Company, Inc. and Crown Corrugated Company, Senior Secured Loans, due 4/3/20242022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberPolychem Acquisition, L L C, Senior Secured Loans, due 3/17/20252022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberPhoenix Chemical Holding Company L L C (fka Polymer Solutions Group), Senior Secured Loans, due 1/3/20232022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberP H Beauty Holdings I I I, I N C., Senior Secured Loans, due 9/26/20252022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberParagon Healthcare, Inc., Senior Secured Loans, due 1/19/20282022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberParagon Healthcare, Inc. ( Revolver), Senior Secured Loans, due 1/19/20282022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberParagon Healthcare, Inc. ( Delayed Draw), Senior Secured Loans, due 1/19/20282022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberOutput Services Group, Inc., Senior Secured Loans, due 3/27/20242022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberOrbit Purchaser L L C, Senior Secured Loans, Two, due 10/21/20242022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberOrbit Purchaser L L C, Senior Secured Loans, Three, due 10/21/20242022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberOrbit Purchaser L L C, Senior Secured Loans, One, due 10/21/20242022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberOffen, Inc., Senior Secured Loans, Two, due 6/22/20262022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberOffen, Inc., Senior Secured Loans, One, due 6/22/20262022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberNorth Haven Spartan U S Holdco, L L C, Senior Secured Loans, due 6/6/20252022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberNatus Medical Incorporated, Senior Secured Loans, due 7/20/20292022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberMinotaur Acquisition, Inc., Senior Secured Loans, due 3/27/20262022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberMc Kissock Investment Holdings, L L C, Senior Secured Loans, due 3/9/20292022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberMavenir Systems, Inc., Senior Secured Loans, due 8/18/20282022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberMac Queen Equipment, L L C, Senior Secured Loans, due 1/7/20282022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberMac Queen Equipment, L L C ( Revolver), Senior Secured Loans, due 1/7/20282022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberMac Queen Equipment, L L C ( Delayed Draw), Senior Secured Loans, due 1/7/20282022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberL W Buyer, L L C, Senior Secured Loans, due 12/30/20242022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberL S C S Holdings, Inc., Senior Secured Loans, due 12/15/20282022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberLiqui- Box Holdings, Inc., Senior Secured Loans, due 2/26/20272022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberLightbox Intermediate, L. P., Senior Secured Loans, due 5/11/20262022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberLaseraway Intermediate Holdings I I, L L C, Senior Secured Loans, due 10/14/20272022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberKeystone Purchaser, L L C, Senior Secured Loans, due 5/7/20272022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberInternational Textile Group, Inc., Senior Secured Loans, due 5/1/20242022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberIntermedia Holdings, Inc., Senior Secured Loans, due 7/21/20252022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberHarbour Benefit Holdings, Inc., Senior Secured Loans, Two, due 12/13/20242022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberHarbour Benefit Holdings, Inc., Senior Secured Loans, One, due 12/13/20242022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberH A L O Buyer, Inc., Senior Secured Loans, due 6/30/20252022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberH A H Group Holding Company L L C, Senior Secured Loans, due 10/29/20272022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberExcel Fitness Holdings, Inc., Senior Secured Loans, due 4/27/20292022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberExcel Fitness Holdings, Inc. ( Revolver), Senior Secured Loans, due 4/28/20282022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberEngage2 Excel, Inc., Senior Secured Loans, Two,due 3/7/20232022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberEngage2 Excel, Inc., Senior Secured Loans, One, due 3/7/20232022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberEngage2 Excel, Inc. ( Revolver), Senior Secured Loans, due 3/7/20232022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberEliassen Group, L L C, Senior Secured Loans, due 4/14/20282022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberEliassen Group, L L C ( Delayed Draw), Senior Secured Loans, due 4/14/20282022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberD S Parent, Inc., Senior Secured Loans, due 12/8/20282022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberDrilling Info Holdings, Inc., Senior Secured Loans, due 7/30/20252022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberDresser Utility Solutions, L L C (fka N G S U S Finco, L L C), Senior Secured Loans, Two, due 10/1/20252022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberDresser Utility Solutions, L L C (fka N G S U S Finco, L L C), Senior Secured Loans, One, due 10/1/20252022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberCorel Inc. (c), Senior Secured Loans, due 7/2/20262022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberC H A Holdings, Inc, Senior Secured Loans, Two, due 4/10/20252022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberC H A Holdings, Inc, Senior Secured Loans, One, due 4/10/20252022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberC B C Restaurant Corp., Senior Secured Loans, due 12/30/20222022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberCano Health, L L C, Senior Secured Loans, due 11/23/20272022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberCadent, L L C, Senior Secured Loans, due 9/11/20252022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberCadent, L L C ( Revolver), Senior Secured Loans, due 9/11/20252022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberBromford Industries Limited, Senior Secured Loans, Two, due 11/5/20252022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberBromford Industries Limited, Senior Secured Loans, One, due 11/5/20252022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberAvison Young ( U S A) Inc., Senior Secured Loans, due 1/30/20262022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberA Q Carver Buyer, Inc., Senior Secured Loans, due 9/23/20252022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberAnalogic Corporation, Senior Secured Loans, due 6/24/20242022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberAccelerate Auto Works Intermediate, L L C, Senior Secured Loans, due 12/1/20272022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberAccelerate Auto Works Intermediate, L L C ( Revolver), Senior Secured Loans, due 12/1/20272022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberAccelerate Auto Works Intermediate, L L C ( Delayed Draw), Senior Secured Loans, due 12/1/20272022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMember360 Holdco, Inc., Senior Secured Loans, due 8/2/20252022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMember360 Holdco, Inc. ( Delayed Draw), Senior Secured Loans, due 8/2/20252022-01-012022-09-300001512931Vinci Brands L L C (fka Incipio, L L C), Loan Two2022-01-012022-09-300001512931Vinci Brands L L C (fka Incipio, L L C), Loan Three2022-01-012022-09-300001512931Vinci Brands L L C (fka Incipio, L L C), Loan One2022-01-012022-09-300001512931Vinci Brands L L C (fka Incipio, L L C), Loan Four2022-01-012022-09-300001512931Vinci Brands L L C (fka Incipio, L L C), Loan Five2022-01-012022-09-300001512931Vinci Brands L L C (fka Incipio, L L C) ( Junior secured loan), Two2022-01-012022-09-300001512931Vinci Brands L L C (fka Incipio, L L C) ( Junior secured loan), One2022-01-012022-09-300001512931Vinci Brands L L C (fka Incipio, L L C), Equity Securities, Series C common units)2022-01-012022-09-300001512931Vinci Brands L L C (fka Incipio, L L C), (Delayed Draw)2022-01-012022-09-300001512931Summit Container Corporation ( Revolver)2022-01-012022-09-300001512931Summit Container Corporation, Investment One2022-01-012022-09-300001512931Summit Container Corporation, Equity Securities, Warrants2022-01-012022-09-300001512931S H I Holdings, Inc. ( Revolver)2022-01-012022-09-300001512931S H I Holdings, Inc., Investment One2022-01-012022-09-300001512931S H I Holdings, Inc. ( Common stock)2022-01-012022-09-300001512931SFR Holdco, LLC (LLC interest)2022-01-012022-09-300001512931SFR Holdco, LLC, Equity Securities, 24.4% of Interest2022-01-012022-09-300001512931M C Asset Management ( Industrial), L L C Promissory Note2022-01-012022-09-300001512931Luxury Optical Holdings Co.( Revolver)2022-01-012022-09-300001512931Luxury Optical Holdings Co. Investment, One2022-01-012022-09-300001512931Luxury Optical Holdings Co., Equity Securities, Preferred Units2022-01-012022-09-300001512931Luxury Optical Holdings Co., Equity Securities, Common Stock2022-01-012022-09-300001512931Luxury Optical Holdings Co. ( Delayed Draw)2022-01-012022-09-300001512931Curion Holdings, L L C, Junior Secured Loans, Two, Due 1/2/20232022-01-012022-09-300001512931Ascent Midco, L L C, ( Delayed Draw) Loan2022-01-012022-09-300001512931American Community Homes, Inc., Loan Three2022-01-012022-09-300001512931American Community Homes, Inc., Loan Five2022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberWheel Pros, Inc., Senior Secured Loans, due 5/11/20282021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberTruck- Lite Co., L L C, Senior Secured Loans, Two, due 12/14/20262021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberTruck- Lite Co., L L C, Senior Secured Loans, One, due 12/14/20262021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberTrident Maritime Systems, Inc, Senior Secured Loans, One, due 2/26/20272021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberTrident Maritime Systems, Inc ( Revolver), Senior Secured Loans, due 2/26/20272021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberThe Octave Music Group, Inc., Senior Secured Loans, due 5/29/20252021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberThe Kleinfelder Group, Inc., Senior Secured Loans, due 11/29/20242021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberThe Cook & Boardman Group L L C, Senior Secured Loans, due 10/20/20252021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberT G G T S Acquisition Company, Senior Secured Loans, due 12/12/20252021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberTeneo Holdings L L C, Senior Secured Loans, due 7/11/20252021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberT E A M Public Choices, L L C, Senior Secured Loans, due 12/17/20272021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberTait L L C, Senior Secured Loans, due 3/28/20252021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberTait L L C ( Revolver), Senior Secured Loans, due 3/28/20252021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberS W Ingredients Holdings, L L C, Senior Secured Loans, due 7/3/20252021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberS T A T S Intermediate Holdings, L L C, Senior Secured Loans, due 7/10/20262021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberS I R V A Worldwide Inc., Senior Secured Loans, due 8/4/20252021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberSecretariat Advisors L L C, Senior Secured Loans, due 12/29/20282021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberSecretariat Advisors L L C ( Delayed Draw), Senior Secured Loans, due 12/29/20282021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberSandvine Corporation, Senior Secured Loans, due 10/31/20252021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberRunner Buyer I N C., Senior Secured Loans, due 10/23/20282021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberResearch Now Group, Inc. and Survey Sampling International, L L C, Senior Secured Loans, due 12/20/20242021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberRadiology Partners, Inc., Senior Secured Loans, due 7/9/20252021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberP V H C Holding Corp, Senior Secured Loans, due 8/5/20242021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberPort Townsend Holdings Company, Inc. and Crown Corrugated Company, Senior Secured Loans, due 4/3/20242021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberPolychem Acquisition, L L C, Senior Secured Loans, due 3/17/20252021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberPhoenix Chemical Holding Company L L C (fka Polymer Solutions Group), Senior Secured Loans, due 1/3/20232021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberP H Beauty Holdings I I I, I N C., Senior Secured Loans, due 9/26/20252021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberOutput Services Group, Inc., Senior Secured Loans, due 3/27/20242021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberOrbit Purchaser L L C, Senior Secured Loans, Two, due 10/21/20242021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberOrbit Purchaser L L C, Senior Secured Loans, Three, due 10/21/20242021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberOrbit Purchaser L L C, Senior Secured Loans, One, due 10/21/20242021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberOffen, Inc., Senior Secured Loans, Two, due 6/22/20262021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberOffen, Inc., Senior Secured Loans, One, due 6/22/20262021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberNorth Haven Spartan U S Holdco, L L C, Senior Secured Loans, due 6/6/20252021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberMinotaur Acquisition, Inc., Senior Secured Loans, due 3/27/20262021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberMavenir Systems, Inc., Senior Secured Loans, due 8/18/20282021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberL W Buyer, L L C, Senior Secured Loans, due 12/30/20242021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberL S C S Holdings, Inc., Senior Secured Loans, due 12/15/20282021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberLiqui- Box Holdings, Inc., Senior Secured Loans, due 2/26/20272021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberLightbox Intermediate, L. P., Senior Secured Loans, due 5/11/20262021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberLaseraway Intermediate Holdings I I, L L C, Senior Secured Loans, due 10/14/20272021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberKeystone Purchaser, L L C, Senior Secured Loans, due 5/7/20272021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberInternational Textile Group, Inc., Senior Secured Loans, due 5/1/20242021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberIntermedia Holdings, Inc., Senior Secured Loans, due 7/21/20252021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberHarbour Benefit Holdings, Inc., Senior Secured Loans, Two, due 12/13/20242021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberHarbour Benefit Holdings, Inc., Senior Secured Loans, One, due 12/13/20242021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberH A L O Buyer, Inc., Senior Secured Loans, due 6/30/20252021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberExcel Fitness Holdings, Inc., Senior Secured Loans, due 4/27/20292021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberEngage2 Excel, Inc., Senior Secured Loans, Two,due 3/7/20232021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberEngage2 Excel, Inc., Senior Secured Loans, One, due 3/7/20232021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberEngage2 Excel, Inc. ( Revolver), Senior Secured Loans, due 3/7/20232021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberEliassen Group, L L C, Senior Secured Loans, due 4/14/20282021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberD S Parent, Inc., Senior Secured Loans, due 12/8/20282021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberDrilling Info Holdings, Inc., Senior Secured Loans, due 7/30/20252021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberDresser Utility Solutions, L L C (fka N G S U S Finco, L L C), Senior Secured Loans, Two, due 10/1/20252021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberDresser Utility Solutions, L L C (fka N G S U S Finco, L L C), Senior Secured Loans, One, due 10/1/20252021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberCorel Inc. (c), Senior Secured Loans, due 7/2/20262021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberC H A Holdings, Inc, Senior Secured Loans, Two, due 4/10/20252021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberC H A Holdings, Inc, Senior Secured Loans, One, due 4/10/20252021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberC B C Restaurant Corp., Senior Secured Loans, due 12/30/20222021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberCano Health, L L C, Senior Secured Loans, due 11/23/20272021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberCadent, L L C, Senior Secured Loans, due 9/11/20252021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberCadent, L L C ( Revolver), Senior Secured Loans, due 9/11/20252021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberBromford Industries Limited, Senior Secured Loans, Two, due 11/5/20252021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberBromford Industries Limited, Senior Secured Loans, One, due 11/5/20252021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberB M C Acquisition, Inc., Senior Secured Loans, due 12/30/20242021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberAvison Young ( U S A) Inc., Senior Secured Loans, due 1/30/20262021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberA Q Carver Buyer, Inc., Senior Secured Loans, due 9/23/20252021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberAnalogic Corporation, Senior Secured Loans, due 6/24/20242021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberAccelerate Auto Works Intermediate, L L C, Senior Secured Loans, due 12/1/20272021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberAccelerate Auto Works Intermediate, L L C ( Revolver), Senior Secured Loans, due 12/1/20272021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberAccelerate Auto Works Intermediate, L L C ( Delayed Draw), Senior Secured Loans, due 12/1/20272021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMember360 Holdco, Inc., Senior Secured Loans, due 8/2/20252021-01-012021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMember360 Holdco, Inc. ( Delayed Draw), Senior Secured Loans, due 8/2/20252021-01-012021-12-310001512931Toojay’s Management L L C, Senior Secured Loans, Two, due 10/26/20222021-01-012021-12-310001512931Toojay’s Management L L C, Senior Secured Loans, One, due 10/26/20222021-01-012021-12-310001512931Toojay’s Management L L C ( Revolver), Senior Secured Loans, due 10/26/20222021-01-012021-12-310001512931Star Compliance Mid Co, L L C, Senior Secured Loans, Two, due 1/12/20272021-01-012021-12-310001512931Star Compliance Mid Co, L L C, Senior Secured Loans, One, due 1/12/20272021-01-012021-12-310001512931Star Compliance Mid Co, L L C, ( Revolver), Senior Secured Loans, due 1/12/20272021-01-012021-12-310001512931M V Receivables I I, L L C ( Delayed Draw), Senior Secured Loans, due 7/29/20262021-01-012021-12-310001512931Magneto & Diesel Acquisition, Inc, Senior Secured Loans, Two, due 12/8/20232021-01-012021-12-310001512931Magneto & Diesel Acquisition, Inc, Senior Secured Loans, Three, due 12/8/20232021-01-012021-12-310001512931Magneto & Diesel Acquisition, Inc, Senior Secured Loans, One, due 12/18/20232021-01-012021-12-310001512931Magneto & Diesel Acquisition, Inc. ( Revolver), Senior Secured Loans, due 12/8/20232021-01-012021-12-310001512931L X/ J T Intermediate Holdings, Inc., Senior Secured Loans, due 3/11/20252021-01-012021-12-310001512931L X/ J T Intermediate Holdings, Inc. ( Revolver), Senior Secured Loans, due 3/11/20252021-01-012021-12-310001512931L V F Holdings, Inc., Senior Secured Loans, Two, due 6/10/20272021-01-012021-12-310001512931L V F Holdings, Inc., Senior Secured Loans, One, due 6/10/20272021-01-012021-12-310001512931L V F Holdings, Inc., Senior Secured Loans, ( Delayed Draw) due 6/10/20272021-01-012021-12-310001512931L V F Holdings, Inc. ( Revolver), Senior Secured Loans, due 6/10/20272021-01-012021-12-310001512931Lifted Trucks Holdings, L L C, Senior Secured Loans, due 8/2/20272021-01-012021-12-310001512931Lifted Trucks Holdings, L L C ( Revolver), Senior Secured Loans, due 8/2/20272021-01-012021-12-310001512931Lifted Trucks Holdings, L L C ( Delayed Draw), Senior Secured Loans, due 8/2/20272021-01-012021-12-310001512931Hastings Manufacturing Company, Senior Secured Loans, due 4/24/20232021-01-012021-12-310001512931Born To Run, L L C, Senior Secured Loans, due 4/1/20272021-01-012021-12-310001512931Born To Run, L L C ( Delayed Draw) Senior Secured Loans, due 4/1/20272021-01-012021-12-310001512931mrcc:SFRHoldcoLLCMember2021-01-012021-09-300001512931Vinci Brands L L C (fka Incipio, L L C) ( Junior secured loan), Two2021-01-012021-09-300001512931Vinci Brands L L C (fka Incipio, L L C) ( Junior secured loan), One2021-01-012021-09-300001512931Vinci Brands L L C (fka Incipio, L L C), Equity Securities, Series C common units)2021-01-012021-09-300001512931Vinci Brands L L C (fka Incipio, L L C), (Delayed Draw)2021-01-012021-09-300001512931S H I Holdings, Inc. ( Common stock)2021-01-012021-09-300001512931SFR Holdco, LLC (LLC interest)2021-01-012021-09-300001512931SFR Holdco, LLC (Junior secured loan)2021-01-012021-09-300001512931Second Avenue S F R Holdings I I L L C, Equity Securities2021-01-012021-09-300001512931N E C B Collections, L L C, Equity Securities2021-01-012021-09-300001512931Mnine Holdings Inc. (Revolver)2021-01-012021-09-300001512931Mnine Holdings, Inc., Equity Securities, Class B units2021-01-012021-09-300001512931Luxury Optical Holdings Co., Equity Securities, Common Stock2021-01-012021-09-300001512931Curion Holdings, L L C, Junior Secured Loans, Two, Due 1/2/20232021-01-012021-09-300001512931Curion Holdings, L L C, Junior Secured Loans, One, Due 1/2/20232021-01-012021-09-300001512931Curion Holdings, L L C, Equity Securities, Common stock2021-01-012021-09-300001512931American Community Homes, Inc. ( Revolver), Senior Secured Loans Due 12/31/20262021-01-012021-09-300001512931us-gaap-supplement:RetailSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:SeniorLoansMember2022-09-300001512931us-gaap-supplement:RetailSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2022-09-300001512931us-gaap:RealEstateSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:SeniorLoansMember2022-09-300001512931us-gaap:RealEstateSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:JuniorLoansMember2022-09-300001512931us-gaap:RealEstateSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2022-09-300001512931us-gaap:RealEstateSectorMemberus-gaap-supplement:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:SeniorLoansMember2022-09-300001512931us-gaap:RealEstateSectorMemberus-gaap-supplement:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:JuniorLoansMember2022-09-300001512931us-gaap:RealEstateSectorMemberus-gaap-supplement:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:EquitySecuritiesMember2022-09-300001512931us-gaap:HealthcareSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:SeniorLoansMember2022-09-300001512931us-gaap:HealthcareSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2022-09-300001512931us-gaap:HealthcareSectorMemberus-gaap-supplement:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:SeniorLoansMember2022-09-300001512931us-gaap:HealthcareSectorMemberus-gaap-supplement:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:EquitySecuritiesMember2022-09-300001512931us-gaap-supplement:FoodAndBeverageSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:SeniorLoansMember2022-09-300001512931us-gaap-supplement:FoodAndBeverageSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2022-09-300001512931us-gaap-supplement:FoodAndBeverageSectorMemberus-gaap-supplement:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:SeniorLoansMember2022-09-300001512931us-gaap-supplement:FoodAndBeverageSectorMemberus-gaap-supplement:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:EquitySecuritiesMember2022-09-300001512931us-gaap:FinancialServicesSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2022-09-300001512931us-gaap-supplement:ConsumerSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:SeniorLoansMember2022-09-300001512931us-gaap-supplement:ConsumerSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:JuniorLoansMember2022-09-300001512931us-gaap-supplement:ConsumerSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2022-09-300001512931us-gaap-supplement:ConsumerSectorMemberus-gaap-supplement:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:SeniorLoansMember2022-09-300001512931us-gaap-supplement:ConstructionSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:SeniorLoansMember2022-09-300001512931us-gaap:CommercialAndIndustrialSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:UnitrancheDebtMember2022-09-300001512931us-gaap:CommercialAndIndustrialSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2022-09-300001512931us-gaap:CommercialAndIndustrialSectorMemberus-gaap-supplement:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:SeniorLoansMember2022-09-300001512931us-gaap:CommercialAndIndustrialSectorMemberus-gaap-supplement:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:EquitySecuritiesMember2022-09-300001512931us-gaap-supplement:ChemicalsSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:SeniorLoansMember2022-09-300001512931us-gaap-supplement:ChemicalsSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2022-09-300001512931us-gaap-supplement:AutomotiveSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:SeniorLoansMember2022-09-300001512931us-gaap-supplement:AutomotiveSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2022-09-300001512931us-gaap-supplement:AerospaceSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:UnitrancheDebtMember2022-09-300001512931mrcc:WholesaleSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:SeniorLoansMember2022-09-300001512931mrcc:WholesaleSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2022-09-300001512931mrcc:TelecommunicationsSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:UnitrancheDebtMember2022-09-300001512931mrcc:TelecommunicationsSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:SeniorLoansMember2022-09-300001512931mrcc:TelecommunicationsSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2022-09-300001512931mrcc:MediaDiversifiedProductionSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:SeniorLoansMember2022-09-300001512931mrcc:MediaDiversifiedProductionSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2022-09-300001512931mrcc:MediaBroadcastingSubscriptionSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:SeniorLoansMember2022-09-300001512931mrcc:HotelsGamingLeisureSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2022-09-300001512931mrcc:EnvironmentalIndustriesSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:SeniorLoansMember2022-09-300001512931mrcc:EnvironmentalIndustriesSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2022-09-300001512931mrcc:ConsumerSectorNon-DurableMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:UnitrancheDebtMember2022-09-300001512931mrcc:ConsumerSectorNon-DurableMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:SeniorLoansMember2022-09-300001512931mrcc:ConsumerSectorDurableMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:SeniorLoansMember2022-09-300001512931mrcc:ConsumerSectorDurableMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2022-09-300001512931mrcc:CapitalEquipmentSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:SeniorLoansMember2022-09-300001512931mrcc:CapitalEquipmentSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2022-09-300001512931mrcc:BusinessServicesSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:UnitrancheDebtMember2022-09-300001512931mrcc:BusinessServicesSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:SeniorLoansMember2022-09-300001512931mrcc:BusinessServicesSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2022-09-300001512931mrcc:BusinessServicesSectorMemberus-gaap-supplement:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:EquitySecuritiesMember2022-09-300001512931mrcc:BankingSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:SeniorLoansMember2022-09-300001512931mrcc:BankingSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:JuniorLoansMember2022-09-300001512931mrcc:BankingSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2022-09-300001512931us-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:UnitrancheDebtMember2022-09-300001512931us-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:JuniorLoansMember2022-09-300001512931us-gaap-supplement:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:SeniorLoansMember2022-09-300001512931us-gaap-supplement:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:JuniorLoansMember2022-09-300001512931us-gaap-supplement:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:EquitySecuritiesMember2022-09-300001512931us-gaap-supplement:InvestmentAffiliatedIssuerControlledMemberus-gaap:EquitySecuritiesMember2022-09-300001512931us-gaap-supplement:InvestmentAffiliatedIssuerControlledMember2022-09-300001512931us-gaap-supplement:RetailSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:SeniorLoansMember2021-12-310001512931us-gaap-supplement:RetailSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2021-12-310001512931us-gaap:RealEstateSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:JuniorLoansMember2021-12-310001512931us-gaap:RealEstateSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2021-12-310001512931us-gaap:HealthcareSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:UnitrancheDebtMember2021-12-310001512931us-gaap-supplement:FoodAndBeverageSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2021-12-310001512931us-gaap-supplement:ConsumerSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:SeniorLoansMember2021-12-310001512931us-gaap-supplement:ConsumerSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2021-12-310001512931us-gaap-supplement:ConstructionSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:SeniorLoansMember2021-12-310001512931us-gaap:CommercialAndIndustrialSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:UnitrancheDebtMember2021-12-310001512931us-gaap:CommercialAndIndustrialSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2021-12-310001512931us-gaap-supplement:ChemicalsSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:UnitrancheDebtMember2021-12-310001512931us-gaap-supplement:ChemicalsSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:SeniorLoansMember2021-12-310001512931us-gaap-supplement:ChemicalsSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2021-12-310001512931us-gaap-supplement:AutomotiveSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2021-12-310001512931us-gaap-supplement:AerospaceSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:UnitrancheDebtMember2021-12-310001512931mrcc:WholesaleSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:SeniorLoansMember2021-12-310001512931mrcc:WholesaleSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2021-12-310001512931mrcc:TelecommunicationsSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:UnitrancheDebtMember2021-12-310001512931mrcc:TelecommunicationsSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:SeniorLoansMember2021-12-310001512931mrcc:MediaDiversifiedProductionSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2021-12-310001512931mrcc:MediaBroadcastingSubscriptionSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:SeniorLoansMember2021-12-310001512931mrcc:MediaAdvertisingPrintingPublishingSectorMemberus-gaap-supplement:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:SeniorLoansMember2021-12-310001512931mrcc:HotelsGamingLeisureSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2021-12-310001512931mrcc:EnvironmentalIndustriesSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:SeniorLoansMember2021-12-310001512931mrcc:EnvironmentalIndustriesSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2021-12-310001512931mrcc:ConsumerSectorNon-DurableMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:SeniorLoansMember2021-12-310001512931mrcc:ConsumerSectorDurableMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:UnitrancheDebtMember2021-12-310001512931mrcc:ConsumerSectorDurableMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:SeniorLoansMember2021-12-310001512931mrcc:ConsumerSectorDurableMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2021-12-310001512931mrcc:CapitalEquipmentSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:SeniorLoansMember2021-12-310001512931mrcc:CapitalEquipmentSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2021-12-310001512931mrcc:BusinessServicesSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:UnitrancheDebtMember2021-12-310001512931mrcc:BusinessServicesSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:SeniorLoansMember2021-12-310001512931mrcc:BusinessServicesSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2021-12-310001512931mrcc:BankingSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:JuniorLoansMember2021-12-310001512931mrcc:BankingSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2021-12-310001512931us-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:UnitrancheDebtMember2021-12-310001512931us-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:SeniorLoansMember2021-12-310001512931us-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:JuniorLoansMember2021-12-310001512931us-gaap-supplement:ConsumerSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-12-310001512931us-gaap-supplement:ConsumerSectorMemberus-gaap-supplement:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:EquitySecuritiesMember2022-09-300001512931us-gaap-supplement:TransportationSectorMembermrcc:MRCCSeniorLoanFundILLCMember2022-09-300001512931us-gaap:RealEstateSectorMembermrcc:MRCCSeniorLoanFundILLCMember2022-09-300001512931us-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:SeniorLoansMember2022-09-300001512931us-gaap:HealthcareSectorMembermrcc:MRCCSeniorLoanFundILLCMember2022-09-300001512931us-gaap-supplement:FoodAndBeverageSectorMembermrcc:MRCCSeniorLoanFundILLCMember2022-09-300001512931us-gaap:FinancialServicesSectorMembermrcc:MRCCSeniorLoanFundILLCMember2022-09-300001512931us-gaap-supplement:ContainerAndPackagingSectorMembermrcc:MRCCSeniorLoanFundILLCMember2022-09-300001512931us-gaap-supplement:ConsumerSectorMembermrcc:MRCCSeniorLoanFundILLCMember2022-09-300001512931us-gaap-supplement:ConstructionSectorMembermrcc:MRCCSeniorLoanFundILLCMember2022-09-300001512931us-gaap:CommercialAndIndustrialSectorMembermrcc:MRCCSeniorLoanFundILLCMember2022-09-300001512931us-gaap-supplement:ChemicalsSectorMembermrcc:MRCCSeniorLoanFundILLCMember2022-09-300001512931us-gaap-supplement:AutomotiveSectorMembermrcc:MRCCSeniorLoanFundILLCMember2022-09-300001512931us-gaap-supplement:AerospaceSectorMembermrcc:MRCCSeniorLoanFundILLCMember2022-09-300001512931mrcc:WholesaleSectorMembermrcc:MRCCSeniorLoanFundILLCMember2022-09-300001512931mrcc:UtilitiesOilGasSectorMembermrcc:MRCCSeniorLoanFundILLCMember2022-09-300001512931mrcc:TelecommunicationsSectorMembermrcc:MRCCSeniorLoanFundILLCMember2022-09-300001512931mrcc:MediaDiversifiedProductionSectorMembermrcc:MRCCSeniorLoanFundILLCMember2022-09-300001512931mrcc:MediaAdvertisingPrintingPublishingSectorMembermrcc:MRCCSeniorLoanFundILLCMember2022-09-300001512931mrcc:HotelsGamingLeisureSectorMembermrcc:MRCCSeniorLoanFundILLCMember2022-09-300001512931mrcc:EnergySectorOilAndGasMembermrcc:MRCCSeniorLoanFundILLCMember2022-09-300001512931mrcc:ConsumerSectorNon-DurableMembermrcc:MRCCSeniorLoanFundILLCMember2022-09-300001512931mrcc:ConsumerSectorDurableMembermrcc:MRCCSeniorLoanFundILLCMember2022-09-300001512931mrcc:CapitalEquipmentSectorMembermrcc:MRCCSeniorLoanFundILLCMember2022-09-300001512931mrcc:BusinessServicesSectorMembermrcc:MRCCSeniorLoanFundILLCMember2022-09-300001512931mrcc:VinciBrandsLLCfkaIncipioLLCMember2022-09-300001512931mrcc:TJManagementHoldCoLLCMember2022-09-300001512931mrcc:SummitContainerCorporationMember2022-09-300001512931mrcc:SHIHoldingsIncMember2022-09-300001512931mrcc:SFRHoldcoLLCMember2022-09-300001512931mrcc:SecondAvenueSFRHoldingsIILLCMember2022-09-300001512931mrcc:NECBCollectionsLLCMember2022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMember2022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMember2022-09-300001512931mrcc:MnineHoldingsIncMember2022-09-300001512931mrcc:LuxuryOpticalHoldingsCoMember2022-09-300001512931mrcc:HFZCapitalGroupLLCMCAssetManagementCorporateLLCandMCAssetManagementIndustrialLLCMember2022-09-300001512931mrcc:HFZCapitalGroupLLCAndMCAssetManagementCorporateLLCMember2022-09-300001512931mrcc:FamiliaDentalGroupHoldingsLLCMember2022-09-300001512931mrcc:CurionHoldingsLLCMember2022-09-300001512931Vinci Brands L L C (fka Incipio, L L C), Loan Two2022-09-300001512931Vinci Brands L L C (fka Incipio, L L C), Loan Three2022-09-300001512931Vinci Brands L L C (fka Incipio, L L C), Loan One2022-09-300001512931Vinci Brands L L C (fka Incipio, L L C), Loan Four2022-09-300001512931Vinci Brands L L C (fka Incipio, L L C), Loan Five2022-09-300001512931Vinci Brands L L C (fka Incipio, L L C) ( Junior secured loan), Two2022-09-300001512931Vinci Brands L L C (fka Incipio, L L C) ( Junior secured loan), One2022-09-300001512931Vinci Brands L L C (fka Incipio, L L C), Equity Securities, Series C common units)2022-09-300001512931Vinci Brands L L C (fka Incipio, L L C), (Delayed Draw)2022-09-300001512931Summit Container Corporation ( Revolver)2022-09-300001512931Summit Container Corporation, Investment One2022-09-300001512931Summit Container Corporation, Equity Securities, Warrants2022-09-300001512931S H I Holdings, Inc. ( Revolver)2022-09-300001512931S H I Holdings, Inc., Investment One2022-09-300001512931S H I Holdings, Inc. ( Common stock)2022-09-300001512931SFR Holdco, LLC (LLC interest)2022-09-300001512931SFR Holdco, LLC (Junior secured loan)2022-09-300001512931SFR Holdco, LLC, Equity Securities, 24.4% of Interest2022-09-300001512931Second Avenue SFR Holdings II LLC (Delayed Draw) Loan2022-09-300001512931Mnine Holdings Inc. (Revolver)2022-09-300001512931M C Asset Management ( Industrial), L L C Promissory Note2022-09-300001512931Luxury Optical Holdings Co.( Revolver)2022-09-300001512931Luxury Optical Holdings Co. Investment, One2022-09-300001512931Luxury Optical Holdings Co., Equity Securities, Preferred Units2022-09-300001512931Luxury Optical Holdings Co., Equity Securities, Common Stock2022-09-300001512931Luxury Optical Holdings Co. ( Delayed Draw)2022-09-300001512931Curion Holdings, L L C, Senior Secured Loans, One, Acquisition Date 5/2/20172022-09-300001512931Curion Holdings, LLC (Revolver), Senior Secured Loans, Two, Acquisition Date 5/2/20172022-09-300001512931Curion Holdings, L L C, Junior Secured Loans, Two, Due 1/2/20232022-09-300001512931Curion Holdings, L L C, Junior Secured Loans, One, Due 1/2/20232022-09-300001512931Ascent Midco, L L C, ( Delayed Draw) Loan2022-09-300001512931American Community Homes, Inc., Senior Secured Loans, Two, Acquisition Date 7/22/20142022-09-300001512931American Community Homes, Inc., Senior Secured Loans, Six, Acquisition Date 8/10/20182022-09-300001512931American Community Homes, Inc., Senior Secured Loans, Seven, Acquisition Date 3/29/20192022-09-300001512931American Community Homes, Inc., Senior Secured Loans, One, Acquisition Date 7/22/20142022-09-300001512931American Community Homes, Inc., Senior Secured Loans, Nine, Acquisition Date 12/30/20192022-09-300001512931American Community Homes, Inc., Senior Secured Loans, Four, Acquisition Date 5/24/20172022-09-300001512931American Community Homes, Inc., Senior Secured Loans, Eight, Acquisition Date 9/30/20192022-09-300001512931American Community Homes, Inc., Loan Three2022-09-300001512931American Community Homes, Inc., Loan Five2022-09-300001512931mrcc:AscentMidcoLLCMember2022-09-300001512931mrcc:AmericanCommunityHomesInc.Member2022-09-300001512931mrcc:BusinessServicesSectorMemberus-gaap-supplement:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:JuniorLoansMember2021-12-310001512931us-gaap-supplement:TransportationSectorMembermrcc:MRCCSeniorLoanFundILLCMember2021-12-310001512931us-gaap:RealEstateSectorMembermrcc:MRCCSeniorLoanFundILLCMember2021-12-310001512931us-gaap:HealthcareSectorMemberus-gaap-supplement:InvestmentAffiliatedIssuerNoncontrolledMember2021-12-310001512931us-gaap:HealthcareSectorMembermrcc:MRCCSeniorLoanFundILLCMember2021-12-310001512931us-gaap-supplement:FoodAndBeverageSectorMembermrcc:MRCCSeniorLoanFundILLCMember2021-12-310001512931us-gaap:FinancialServicesSectorMembermrcc:MRCCSeniorLoanFundILLCMember2021-12-310001512931us-gaap-supplement:ContainerAndPackagingSectorMembermrcc:MRCCSeniorLoanFundILLCMember2021-12-310001512931us-gaap-supplement:ConsumerSectorMembermrcc:MRCCSeniorLoanFundILLCMember2021-12-310001512931us-gaap-supplement:ConstructionSectorMembermrcc:MRCCSeniorLoanFundILLCMember2021-12-310001512931us-gaap:CommercialAndIndustrialSectorMembermrcc:MRCCSeniorLoanFundILLCMember2021-12-310001512931us-gaap-supplement:ChemicalsSectorMembermrcc:MRCCSeniorLoanFundILLCMember2021-12-310001512931us-gaap-supplement:AutomotiveSectorMembermrcc:MRCCSeniorLoanFundILLCMember2021-12-310001512931us-gaap-supplement:AerospaceSectorMembermrcc:MRCCSeniorLoanFundILLCMember2021-12-310001512931mrcc:WholesaleSectorMembermrcc:MRCCSeniorLoanFundILLCMember2021-12-310001512931mrcc:UtilitiesOilGasSectorMembermrcc:MRCCSeniorLoanFundILLCMember2021-12-310001512931mrcc:TelecommunicationsSectorMembermrcc:MRCCSeniorLoanFundILLCMember2021-12-310001512931mrcc:MediaDiversifiedProductionSectorMembermrcc:MRCCSeniorLoanFundILLCMember2021-12-310001512931mrcc:MediaAdvertisingPrintingPublishingSectorMembermrcc:MRCCSeniorLoanFundILLCMember2021-12-310001512931mrcc:HotelsGamingLeisureSectorMembermrcc:MRCCSeniorLoanFundILLCMember2021-12-310001512931mrcc:EnergySectorOilAndGasMembermrcc:MRCCSeniorLoanFundILLCMember2021-12-310001512931mrcc:ConsumerSectorNon-DurableMembermrcc:MRCCSeniorLoanFundILLCMember2021-12-310001512931mrcc:ConsumerSectorDurableMembermrcc:MRCCSeniorLoanFundILLCMember2021-12-310001512931mrcc:CapitalEquipmentSectorMembermrcc:MRCCSeniorLoanFundILLCMember2021-12-310001512931mrcc:BusinessServicesSectorMembermrcc:MRCCSeniorLoanFundILLCMember2021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMember2021-12-310001512931mrcc:VinciBrandsLLCfkaIncipioLLCMember2021-09-300001512931mrcc:TJManagementHoldCoLLCMember2021-09-300001512931mrcc:SummitContainerCorporationMember2021-09-300001512931mrcc:SHIHoldingsIncMember2021-09-300001512931mrcc:SFRHoldcoLLCMember2021-09-300001512931mrcc:SecondAvenueSFRHoldingsIILLCMember2021-09-300001512931mrcc:NECBCollectionsLLCMember2021-09-300001512931mrcc:MRCCSeniorLoanFundILLCMember2021-09-300001512931mrcc:MnineHoldingsIncMember2021-09-300001512931mrcc:LuxuryOpticalHoldingsCoMember2021-09-300001512931mrcc:HFZCapitalGroupLLCMCAssetManagementCorporateLLCandMCAssetManagementIndustrialLLCMember2021-09-300001512931mrcc:FamiliaDentalGroupHoldingsLLCMember2021-09-300001512931mrcc:CurionHoldingsLLCMember2021-09-300001512931Vinci Brands L L C (fka Incipio, L L C), Loan Two2021-09-300001512931Vinci Brands L L C (fka Incipio, L L C), Loan Three2021-09-300001512931Vinci Brands L L C (fka Incipio, L L C), Loan Six2021-09-300001512931Vinci Brands L L C (fka Incipio, L L C), Loan One2021-09-300001512931Vinci Brands L L C (fka Incipio, L L C), Loan Four2021-09-300001512931Vinci Brands L L C (fka Incipio, L L C), Loan Five2021-09-300001512931Vinci Brands L L C (fka Incipio, L L C) ( Junior secured loan), Two2021-09-300001512931Vinci Brands L L C (fka Incipio, L L C) ( Junior secured loan), One2021-09-300001512931Vinci Brands L L C (fka Incipio, L L C), Equity Securities, Series C common units)2021-09-300001512931Vinci Brands L L C (fka Incipio, L L C), (Delayed Draw)2021-09-300001512931T J Management Hold Co L L C ( Revolver), Senior Secured Loans, Due 6/28/20242021-09-300001512931T J Management Hold Co L L C, Equity Securities, Common stock2021-09-300001512931Summit Container Corporation ( Revolver)2021-09-300001512931Summit Container Corporation, Investment One2021-09-300001512931S H I Holdings, Inc. ( Revolver)2021-09-300001512931S H I Holdings, Inc., Investment One2021-09-300001512931S H I Holdings, Inc. ( Common stock)2021-09-300001512931SFR Holdco, LLC (LLC interest)2021-09-300001512931SFR Holdco, LLC (Junior secured loan)2021-09-300001512931Second Avenue S F R Holdings I I L L C ( Revolver), Senior Secured Loans, Due 8/9/20242021-09-300001512931Second Avenue SFR Holdings II LLC (Delayed Draw) Loan2021-09-300001512931N E C B Collections, L L C ( Revolver), Senior Secured Loans2021-09-300001512931M R C C Senior Loan Fund I, L L C, Equity Securities2021-09-300001512931Mnine Holdings, Inc., Senior Secured Loans Due 12/30/20222021-09-300001512931Mnine Holdings Inc. (Revolver)2021-09-300001512931M C Asset Management ( Industrial), L L C Promissory Note2021-09-300001512931M C Asset Management ( Corporate), L L C, Senior Secured Loans Due 1/26/20242021-09-300001512931M C Asset Management ( Corporate), L L C ( Delayed Draw), Senior Secured Loans Due 1/26/20242021-09-300001512931Luxury Optical Holdings Co.( Revolver)2021-09-300001512931Luxury Optical Holdings Co. Investment, One2021-09-300001512931Luxury Optical Holdings Co., Equity Securities, Common Stock2021-09-300001512931Luxury Optical Holdings Co. ( Delayed Draw)2021-09-300001512931H F Z Capital Group L L C, Senior Secured Loans , Two2021-09-300001512931H F Z Capital Group L L C, Senior Secured Loans, One2021-09-300001512931Curion Holdings, L L C, Senior Secured Loans, One, Acquisition Date 5/2/20172021-09-300001512931Curion Holdings, LLC (Revolver), Senior Secured Loans, Two, Acquisition Date 5/2/20172021-09-300001512931Curion Holdings, L L C, Junior Secured Loans, Two, Due 1/2/20232021-09-300001512931Curion Holdings, L L C, Junior Secured Loans, One, Due 1/2/20232021-09-300001512931Curion Holdings, L L C, Equity Securities, Common stock2021-09-300001512931Ascent Midco, L L C, Senior Secured Loans Due 2/5/20252021-09-300001512931Ascent Midco, L L C ( Revolver), Senior Secured Loans Due 2/5/20252021-09-300001512931Ascent Midco, L L C, ( Delayed Draw) Loan2021-09-300001512931American Community Homes, Inc., Senior Secured Loans, Two, Acquisition Date 7/22/20142021-09-300001512931American Community Homes, Inc., Senior Secured Loans, Six, Acquisition Date 8/10/20182021-09-300001512931American Community Homes, Inc., Senior Secured Loans, Seven, Acquisition Date 3/29/20192021-09-300001512931American Community Homes, Inc., Senior Secured Loans, One, Acquisition Date 7/22/20142021-09-300001512931American Community Homes, Inc., Senior Secured Loans, Nine, Acquisition Date 12/30/20192021-09-300001512931American Community Homes, Inc., Senior Secured Loans, Four, Acquisition Date 5/24/20172021-09-300001512931American Community Homes, Inc., Senior Secured Loans, Eight, Acquisition Date 9/30/20192021-09-300001512931American Community Homes, Inc. ( Revolver), Senior Secured Loans Due 12/31/20262021-09-300001512931American Community Homes, Inc., Loan Three2021-09-300001512931American Community Homes, Inc., Loan Five2021-09-300001512931mrcc:AscentMidcoLLCMember2021-09-300001512931mrcc:AmericanCommunityHomesInc.Member2021-09-300001512931Forman Mills, Inc., Senior Secured Loans, One, due 12/30/20222022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberC B C Restaurant Corp., Senior Secured Loans, due 12/30/20222022-09-300001512931Witkoff/ Monroe 700 J V L L C ( Delayed Draw), Junior Secured Loans, due 7/2/20262022-09-300001512931W3 Monroe R E Debt L L C, Senior Secured Loans, due 2/4/20282022-09-300001512931Vinci Brands L L C, Unitranche Secured Loans, Two, due 2/6/20242022-09-300001512931Vinci Brands L L C, Unitranche Secured Loans, Three, due 2/6/20242022-09-300001512931Vinci Brands L L C, Unitranche Secured Loans, One, due 2/6/20242022-09-300001512931Vinci Brands L L C, Unitranche Secured Loans, Four, due 2/6/20242022-09-300001512931T J Management Hold Co L L C, Equity Securities, Common stock2022-09-300001512931S F R Holdco, L L C, Junior Secured Loans Due 7/28/20282022-09-300001512931Rockdale Blackhawk, L L C, Senior Secured Loans, no stated maturity2022-09-300001512931P K S Holdings, L L C, Equity Securities, Two, Preferred units2022-09-300001512931P K S Holdings, L L C, Equity Securities, Three, Preferred units2022-09-300001512931P K S Holdings, L L C, Equity Securities, One, Preferred units2022-09-300001512931P K S Holdings, L L C, Equity Securities, Four, Preferred units2022-09-300001512931Oceana Australian Fixed Income Trust, Senior Secured Loans, Two, due 2/25/20262022-09-300001512931Oceana Australian Fixed Income Trust, Senior Secured Loans, One, due 6/29/20262022-09-300001512931Luxury Optical Holdings Co., Equity Securities2022-09-300001512931J2 BWA Funding LLC (Delayed Draw), Senior Notes, Due 12/24/20262022-09-300001512931I D I G Parent, L L C, Equity Securities, Common stock2022-09-300001512931Florida East Coast Industries, L L C, Senior Secured Loans, due 6/28/20242022-09-300001512931Florida East Coast Industries, L L C, Junior Secured Loans, due 6/28/20242022-09-300001512931Education Corporation of America, Equity Securities, Series G Preferred Stock2022-09-300001512931Curion Holdings, LLC, Senior Secured Loans, No Maturity Date2022-09-300001512931Curion Holdings, L L C, Equity Securities, Common stock2022-09-300001512931A P C O Worldwide, Inc, Equity Securities, Class A voting common stock2022-09-300001512931Ad Theorent Holding Company, Inc. Equity Securities, common stock2022-09-300001512931us-gaap:HealthcareSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2021-12-310001512931us-gaap:FinancialServicesSectorMemberus-gaap-supplement:InvestmentUnaffiliatedIssuerMemberus-gaap:EquitySecuritiesMember2021-12-310001512931us-gaap-supplement:ConsumerSectorMemberus-gaap-supplement:InvestmentAffiliatedIssuerNoncontrolledMemberus-gaap:SeniorLoansMember2021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberC B C Restaurant Corp., Senior Secured Loans, due 12/30/20222021-12-310001512931Witkoff/ Monroe 700 J V L L C ( Delayed Draw), Junior Secured Loans, due 7/2/20262021-12-310001512931W3 Monroe R E Debt L L C, Senior Secured Loans, due 2/4/20282021-12-310001512931Vinci Brands L L C, Unitranche Secured Loans, Two, due 2/6/20242021-12-310001512931Vinci Brands L L C, Unitranche Secured Loans, Three, due 2/6/20242021-12-310001512931Vinci Brands L L C, Unitranche Secured Loans, One, due 2/6/20242021-12-310001512931Vinci Brands L L C, Unitranche Secured Loans, Four, due 2/6/20242021-12-310001512931Toojay’s Management L L C, Senior Secured Loans, Two, due 10/26/20222021-12-310001512931Toojay’s Management L L C, Senior Secured Loans, One, due 10/26/20222021-12-310001512931Toojay’s Management L L C ( Revolver), Senior Secured Loans, due 10/26/20222021-12-310001512931T J Management Hold Co L L C, Equity Securities, Common stock2021-12-310001512931Star Compliance Mid Co, L L C, Senior Secured Loans, Two, due 1/12/20272021-12-310001512931Star Compliance Mid Co, L L C, Senior Secured Loans, One, due 1/12/20272021-12-310001512931Star Compliance Mid Co, L L C, ( Revolver), Senior Secured Loans, due 1/12/20272021-12-310001512931Second Avenue S F R Holdings I I L L C, Junior Secured Loans, Due 7/28/20282021-12-310001512931Rockdale Blackhawk, L L C, Senior Secured Loans, no stated maturity2021-12-310001512931Oceana Australian Fixed Income Trust, Senior Secured Loans, Two, due 2/25/20262021-12-310001512931Oceana Australian Fixed Income Trust, Senior Secured Loans, One, due 6/29/20262021-12-310001512931M V Receivables I I, L L C ( Delayed Draw), Senior Secured Loans, due 7/29/20262021-12-310001512931Money Lion, Inc., Junior Secured Loans, due 3/24/20262021-12-310001512931Magneto & Diesel Acquisition, Inc, Senior Secured Loans, Two, due 12/8/20232021-12-310001512931Magneto & Diesel Acquisition, Inc, Senior Secured Loans, Three, due 12/8/20232021-12-310001512931Magneto & Diesel Acquisition, Inc, Senior Secured Loans, One, due 12/18/20232021-12-310001512931Magneto & Diesel Acquisition, Inc. ( Revolver), Senior Secured Loans, due 12/8/20232021-12-310001512931L X/ J T Intermediate Holdings, Inc., Senior Secured Loans, due 3/11/20252021-12-310001512931L X/ J T Intermediate Holdings, Inc. ( Revolver), Senior Secured Loans, due 3/11/20252021-12-310001512931L V F Holdings, Inc., Senior Secured Loans, Two, due 6/10/20272021-12-310001512931L V F Holdings, Inc., Senior Secured Loans, One, due 6/10/20272021-12-310001512931L V F Holdings, Inc., Senior Secured Loans, ( Delayed Draw) due 6/10/20272021-12-310001512931L V F Holdings, Inc. ( Revolver), Senior Secured Loans, due 6/10/20272021-12-310001512931Luxury Optical Holdings Co., Equity Securities2021-12-310001512931Lifted Trucks Holdings, L L C, Senior Secured Loans, due 8/2/20272021-12-310001512931Lifted Trucks Holdings, L L C ( Revolver), Senior Secured Loans, due 8/2/20272021-12-310001512931Lifted Trucks Holdings, L L C ( Delayed Draw), Senior Secured Loans, due 8/2/20272021-12-310001512931J2 B W A Funding L L C ( Delayed Draw), Senior Secured Loans, due 12/24/20262021-12-310001512931I D I G Parent, L L C, Equity Securities, Common stock2021-12-310001512931Hastings Manufacturing Company, Senior Secured Loans, due 4/24/20232021-12-310001512931Florida East Coast Industries, L L C, Senior Secured Loans, due 6/28/20242021-12-310001512931Florida East Coast Industries, L L C, Junior Secured Loans, due 6/28/20242021-12-310001512931Education Corporation of America, Equity Securities, Series G Preferred Stock2021-12-310001512931Curion Holdings, L L C, Senior Secured Loans, Due 8/31/20222021-12-310001512931Curion Holdings, L L C ( Revolver), Senior Secured Loans, Due 8/31/20222021-12-310001512931Curion Holdings, L L C, Junior Secured Loans, Two, Due 1/2/20232021-12-310001512931Curion Holdings, L L C, Junior Secured Loans, One, Due 1/2/20232021-12-310001512931Curion Holdings, L L C, Equity Securities, Common stock2021-12-310001512931Born To Run, L L C, Senior Secured Loans, due 4/1/20272021-12-310001512931Born To Run, L L C ( Delayed Draw) Senior Secured Loans, due 4/1/20272021-12-310001512931Ad Theorent Holding Company, Inc. Equity Securities, common stock2021-12-310001512931us-gaap:CommonStockMember2022-07-012022-09-300001512931us-gaap:AdditionalPaidInCapitalMember2022-07-012022-09-300001512931us-gaap:RetainedEarningsMember2022-07-012022-09-300001512931us-gaap:RetainedEarningsMember2022-01-012022-09-300001512931us-gaap:CommonStockMember2022-01-012022-09-300001512931us-gaap:AdditionalPaidInCapitalMember2022-01-012022-09-300001512931us-gaap:RetainedEarningsMember2021-07-012021-09-300001512931us-gaap:RetainedEarningsMember2021-01-012021-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberWheel Pros, Inc., Senior Secured Loans, due 5/11/20282022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberTruck- Lite Co., L L C, Senior Secured Loans, Two, due 12/14/20262022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberTruck-Lite Co., LLC, Senior Secured Loans, Three, due 12/14/20262022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberTruck- Lite Co., L L C, Senior Secured Loans, One, due 12/14/20262022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberTrident Maritime Systems, Inc, Senior Secured Loans, Two, due 2/26/20272022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberTrident Maritime Systems, Inc, Senior Secured Loans, One, due 2/26/20272022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberTrident Maritime Systems, Inc ( Revolver), Senior Secured Loans, due 2/26/20272022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberT J C Spartech Acquisition Corp., Senior Secured Loans, due 5/5/20282022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberThe Kleinfelder Group, Inc., Senior Secured Loans, due 11/29/20242022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberThe Cook & Boardman Group L L C, Senior Secured Loans, due 10/20/20252022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberT G G T S Acquisition Company, Senior Secured Loans, due 12/12/20252022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberTeneo Holdings L L C, Senior Secured Loans, due 7/11/20252022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberT E A M Public Choices, L L C, Senior Secured Loans, due 12/17/20272022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberT A T T Buyer, L L C, Senior Secured Loans, due 3/30/20292022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberTait L L C, Senior Secured Loans, due 3/28/20252022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberTait L L C ( Revolver), Senior Secured Loans, due 3/28/20252022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberS W Ingredients Holdings, L L C, Senior Secured Loans, due 7/3/20252022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberS T A T S Intermediate Holdings, L L C, Senior Secured Loans, due 7/10/20262022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberS I R V A Worldwide Inc., Senior Secured Loans, due 8/4/20252022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberSecretariat Advisors L L C, Senior Secured Loans, due 12/29/20282022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberSecretariat Advisors L L C ( Delayed Draw), Senior Secured Loans, due 12/29/20282022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberSandvine Corporation, Senior Secured Loans, due 10/31/20252022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberRunner Buyer I N C., Senior Secured Loans, due 10/23/20282022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberResearch Now Group, Inc. and Survey Sampling International, L L C, Senior Secured Loans, due 12/20/20242022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberRadiology Partners, Inc., Senior Secured Loans, due 7/9/20252022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberP V H C Holding Corp, Senior Secured Loans, due 8/5/20242022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberPort Townsend Holdings Company, Inc. and Crown Corrugated Company, Senior Secured Loans, due 4/3/20242022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberPolychem Acquisition, L L C, Senior Secured Loans, due 3/17/20252022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberPhoenix Chemical Holding Company L L C (fka Polymer Solutions Group), Senior Secured Loans, due 1/3/20232022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberP H Beauty Holdings I I I, I N C., Senior Secured Loans, due 9/26/20252022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberParagon Healthcare, Inc., Senior Secured Loans, due 1/19/20282022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberParagon Healthcare, Inc. ( Revolver), Senior Secured Loans, due 1/19/20282022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberParagon Healthcare, Inc. ( Delayed Draw), Senior Secured Loans, due 1/19/20282022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberOutput Services Group, Inc., Senior Secured Loans, due 3/27/20242022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberOrbit Purchaser L L C, Senior Secured Loans, Two, due 10/21/20242022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberOrbit Purchaser L L C, Senior Secured Loans, Three, due 10/21/20242022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberOrbit Purchaser L L C, Senior Secured Loans, One, due 10/21/20242022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberOffen, Inc., Senior Secured Loans, Two, due 6/22/20262022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberOffen, Inc., Senior Secured Loans, One, due 6/22/20262022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberNorth Haven Spartan U S Holdco, L L C, Senior Secured Loans, due 6/6/20252022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberNatus Medical Incorporated, Senior Secured Loans, due 7/20/20292022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberMinotaur Acquisition, Inc., Senior Secured Loans, due 3/27/20262022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberMc Kissock Investment Holdings, L L C, Senior Secured Loans, due 3/9/20292022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberMavenir Systems, Inc., Senior Secured Loans, due 8/18/20282022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberMac Queen Equipment, L L C, Senior Secured Loans, due 1/7/20282022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberMac Queen Equipment, L L C ( Revolver), Senior Secured Loans, due 1/7/20282022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberMac Queen Equipment, L L C ( Delayed Draw), Senior Secured Loans, due 1/7/20282022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberL W Buyer, L L C, Senior Secured Loans, due 12/30/20242022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberL S C S Holdings, Inc., Senior Secured Loans, due 12/15/20282022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberLiqui- Box Holdings, Inc., Senior Secured Loans, due 2/26/20272022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberLightbox Intermediate, L. P., Senior Secured Loans, due 5/11/20262022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberLaseraway Intermediate Holdings I I, L L C, Senior Secured Loans, due 10/14/20272022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberKeystone Purchaser, L L C, Senior Secured Loans, due 5/7/20272022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberInternational Textile Group, Inc., Senior Secured Loans, due 5/1/20242022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberIntermedia Holdings, Inc., Senior Secured Loans, due 7/21/20252022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberHarbour Benefit Holdings, Inc., Senior Secured Loans, Two, due 12/13/20242022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberHarbour Benefit Holdings, Inc., Senior Secured Loans, One, due 12/13/20242022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberH A L O Buyer, Inc., Senior Secured Loans, due 6/30/20252022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberH A H Group Holding Company L L C, Senior Secured Loans, due 10/29/20272022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberExcel Fitness Holdings, Inc., Senior Secured Loans, due 4/27/20292022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberExcel Fitness Holdings, Inc. ( Revolver), Senior Secured Loans, due 4/28/20282022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberEngage2 Excel, Inc., Senior Secured Loans, Two,due 3/7/20232022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberEngage2 Excel, Inc., Senior Secured Loans, One, due 3/7/20232022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberEngage2 Excel, Inc. ( Revolver), Senior Secured Loans, due 3/7/20232022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberEliassen Group, L L C, Senior Secured Loans, due 4/14/20282022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberEliassen Group, L L C ( Delayed Draw), Senior Secured Loans, due 4/14/20282022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberD S Parent, Inc., Senior Secured Loans, due 12/8/20282022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberDrilling Info Holdings, Inc., Senior Secured Loans, due 7/30/20252022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberDresser Utility Solutions, L L C (fka N G S U S Finco, L L C), Senior Secured Loans, Two, due 10/1/20252022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberDresser Utility Solutions, L L C (fka N G S U S Finco, L L C), Senior Secured Loans, One, due 10/1/20252022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberCorel Inc. (c), Senior Secured Loans, due 7/2/20262022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberC H A Holdings, Inc, Senior Secured Loans, Two, due 4/10/20252022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberC H A Holdings, Inc, Senior Secured Loans, One, due 4/10/20252022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberCano Health, L L C, Senior Secured Loans, due 11/23/20272022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberCadent, L L C, Senior Secured Loans, due 9/11/20252022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberCadent, L L C ( Revolver), Senior Secured Loans, due 9/11/20252022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberBromford Industries Limited, Senior Secured Loans, Two, due 11/5/20252022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberBromford Industries Limited, Senior Secured Loans, One, due 11/5/20252022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberAvison Young ( U S A) Inc., Senior Secured Loans, due 1/30/20262022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberA Q Carver Buyer, Inc., Senior Secured Loans, due 9/23/20252022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberAnalogic Corporation, Senior Secured Loans, due 6/24/20242022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberAccelerate Auto Works Intermediate, L L C, Senior Secured Loans, due 12/1/20272022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberAccelerate Auto Works Intermediate, L L C ( Revolver), Senior Secured Loans, due 12/1/20272022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberAccelerate Auto Works Intermediate, L L C ( Delayed Draw), Senior Secured Loans, due 12/1/20272022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMember360 Holdco, Inc., Senior Secured Loans, due 8/2/20252022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMember360 Holdco, Inc. ( Delayed Draw), Senior Secured Loans, due 8/2/20252022-09-300001512931Y S W H 4, L L C (Revolver), Senior Secured Loans, Due 11/20/20252022-09-300001512931Xan Edu Publishing, Inc., Senior Secured Loans, Two, due, 1/28/20252022-09-300001512931Xan Edu Publishing, Inc., Senior Secured Loans, One, due, 1/28/20252022-09-300001512931Xan Edu Publishing, Inc. ( Revolver), Senior Secured Loans, due, 1/28/20252022-09-300001512931WillowTree, LLC, Unitranche Secured Loans, due 10/9/20232022-09-300001512931Whistler Parent Holdings I I I, Inc., Senior Secured Loans, due 6/2/20282022-09-300001512931Whistler Parent Holdings I I I, Inc. ( Revolver), Senior Secured Loans, due 6/2/20282022-09-300001512931Whistler Parent Holdings I I I, Inc. ( Delayed Draw), Senior Secured Loans, due 6/2/20282022-09-300001512931V P S Holdings, L L C, Senior Secured Loans, Two, due 10/4/20242022-09-300001512931V P S Holdings, L L C, Senior Secured Loans, One, due 10/4/20242022-09-300001512931V P S Holdings, L L C ( Revolver), Senior Secured Loans, due 10/4/20242022-09-300001512931Vice Group Holding Inc., Senior Secured Loans, Two, due 11/2/20222022-09-300001512931Vice Group Holding Inc., Senior Secured Loans, Three, due 11/2/20222022-09-300001512931Vice Group Holding Inc., Senior Secured Loans, One, due 11/2/20222022-09-300001512931Vice Group Holding Inc., Senior Secured Loans, Four, due, 11/2/20222022-09-300001512931V B E1, L L C, Unitranche Secured Loans, due 11/18/20262022-09-300001512931Valudor Products L L C, Senior Secured Loans, Two, due 6/19/20232022-09-300001512931Valudor Products L L C, Senior Secured Loans, Three, due 6/19/20232022-09-300001512931Valudor Products L L C, Senior Secured Loans, One, due 6/19/2023,2022-09-300001512931Valudor Products L L C ( Revolver), Senior Secured Loans, due 6/19/20232022-09-300001512931T J Management Hold Co L L C ( Revolver), Senior Secured Loans, Due 6/28/20242022-09-300001512931Tiger Connect, Inc., Senior Secured Loans, due 2/16/20282022-09-300001512931Tiger Connect, Inc. ( Revolver), Senior Secured Loans, due 2/16/20282022-09-300001512931Tiger Connect, Inc. ( Delayed Draw), Senior Secured Loans, due 2/16/20282022-09-300001512931Thrasio, L L C, Senior Secured Loans, due 12/18/20262022-09-300001512931The Kyjen Company, L L C, Senior Secured Loans, due 4/3/20262022-09-300001512931The Kyjen Company, L L C ( Revolver), Senior Secured Loans, due 4/3/20262022-09-300001512931T C F I I I O W L Buyer L L C, Senior Secured Loans, Two, due 4/17/20262022-09-300001512931T C F I I I O W L Buyer L L C, Senior Secured Loans, Three, due 4/17/20262022-09-300001512931T C F I I I O W L Buyer L L C, Senior Secured Loans, One, due 4/17/20262022-09-300001512931Star Compliance Mid Co, L L C, Senior Secured Loans, Two, due 1/12/20272022-09-300001512931Star Compliance Mid Co, L L C, Senior Secured Loans, One, due 1/12/20272022-09-300001512931Star Compliance Mid Co, L L C, ( Revolver), Senior Secured Loans, due 1/12/20272022-09-300001512931Spherix Global Inc. , Senior Secured Loans, due, 12/22/20262022-09-300001512931Spherix Global Inc. ( Revolver), Senior Secured Loans, due, 12/22/20262022-09-300001512931Spectrum Science Communications, L L C, Senior Secured Loans, due 1/25/20272022-09-300001512931Spectrum Science Communications, L L C ( Revolver), Senior Secured Loans, due 1/25/20272022-09-300001512931Service Max, Inc., Senior Secured Loans, due 11/1/20272022-09-300001512931Service Max, Inc. ( Revolver) , Senior Secured Loans, due 11/1/20272022-09-300001512931Seran Bio Science, L L C, Senior Secured Loans, due 7/8/20272022-09-300001512931Seran Bio Science, L L C, Senior Secured Loans, Due 12/31/20252022-09-300001512931Seran Bio Science, L L C ( Revolver), Senior Secured Loans, due 7/8/20272022-09-300001512931Security Services Acquisition Sub Corp., Senior Secured Loans, Two, due 9/30/20262022-09-300001512931Security Services Acquisition Sub Corp., Senior Secured Loans, Three, due 9/30/20262022-09-300001512931Security Services Acquisition Sub Corp., Senior Secured Loans, One, due 9/30/20262022-09-300001512931Security Services Acquisition Sub Corp., Senior Secured Loans, Four, due 9/30/20262022-09-300001512931Security Services Acquisition Sub Corp., Senior Secured Loans, Five, due 9/30/20262022-09-300001512931Second Avenue S F R Holdings I I L L C ( Revolver), Senior Secured Loans, Due 8/9/20242022-09-300001512931Relevate Health Group, L L C, Senior Secured Loans, due, 11/20/20252022-09-300001512931Relevate Health Group, L L C ( Revolver), Senior Secured Loans, due, 11/20/20252022-09-300001512931Relevate Health Group, L L C ( Delayed Draw), Senior Secured Loans, due, 11/20/20252022-09-300001512931Relativity O D A L L C, Senior Secured Loans, due 5/12/20272022-09-300001512931Relativity O D A L L C ( Revolver), Senior Secured Loans, due 5/12/20272022-09-300001512931Red Zone Robotics, Inc., Senior Secured Loans, due 6/5/20232022-09-300001512931Red Zone Robotics, Inc. ( Revolver) , Senior Secured Loans, due 6/5/20232022-09-300001512931Recycled Plastics Industries, L L C, Senior Secured Loans, due 8/4/20262022-09-300001512931Recycled Plastics Industries, L L C ( Revolver), Senior Secured Loans, due 8/4/20262022-09-300001512931Quest Resource Management Group, L L C, Senior Secured Loans, Two, due 10/20/20252022-09-300001512931Quest Resource Management Group, L L C, Senior Secured Loans, Three, due 10/20/20252022-09-300001512931Quest Resource Management Group, L L C, Senior Secured Loans, One, due 10/20/20252022-09-300001512931Quest Resource Management Group, L L C ( Delayed Draw), Senior Secured Loans, due 10/20/20252022-09-300001512931Planful, Inc, Senior Secured Loans, Two, due 12/28/20262022-09-300001512931Planful, Inc, Senior Secured Loans, Three, due 12/28/20262022-09-300001512931Planful, Inc, Senior Secured Loans, One, due 12/28/20262022-09-300001512931Planful, Inc, Senior Secured Loans, Four, due 12/28/20262022-09-300001512931Planful, Inc. ( Revolver), Senior Secured Loans, due 12/28/20262022-09-300001512931Onit, Inc., Unitranche Secured Loans, due 5/2/20252022-09-300001512931North Haven USHC Acquisition, Inc, Senior Secured Loans, Three, due 10/30/20252022-09-300001512931North Haven USHC Acquisition, Inc, Senior Secured Loans, Four, due 10/30/20252022-09-300001512931North Haven U S H C Acquisition, Inc., Senior Secured Loans, due, Two, 10/30/20252022-09-300001512931North Haven U S H C Acquisition, Inc., Senior Secured Loans, due, One, 10/30/20252022-09-300001512931North Haven U S H C Acquisition, Inc. ( Revolver), Senior Secured Loans, due, 10/30/20252022-09-300001512931North Haven U S H C Acquisition, Inc. ( Delayed Draw), Senior Secured Loans, due, 10/30/20252022-09-300001512931Newforma, Inc., Senior Secured Loans, due 3/31/20232022-09-300001512931Newforma, Inc. ( Revolver) (f), Senior Secured Loans, due 3/31/20232022-09-300001512931N E C B Collections, L L C ( Revolver), Senior Secured Loans2022-09-300001512931Nearly Natural, Inc., Senior Secured loans, Two, due 12/15/20222022-09-300001512931Nearly Natural, Inc., Senior Secured loans, Three, due 12/15/20222022-09-300001512931Nearly Natural, Inc., Senior Secured loans, One, due 12/15/20222022-09-300001512931Nearly Natural, Inc., Senior Secured loans, Four, due 12/15/20222022-09-300001512931Nearly Natural, Inc.( Revolver), Senior Secured loans, due 12/15/20222022-09-300001512931N C B P Property, L L C, Senior Secured Loans, due 12/16/20222022-09-300001512931Nations Benefits L L C, Senior Secured Loans, Two, Due 8/26/20272022-09-300001512931Nations Benefits L L C, Senior Secured Loans, One, Due 8/26/20272022-09-300001512931Nations Benefits, L L C (Revolver), Senior Secured Loans, Due 8/26/20272022-09-300001512931Nations Benefits LLC Delayed Draw, Senior Secured Loans Due 8/26/20272022-09-300001512931M V Receivables I I, L L C ( Delayed Draw), Senior Secured Loans, due 7/29/20262022-09-300001512931Money Lion, Inc., Junior Secured Loans, due 5/1/20232022-09-300001512931Money Lion, Inc., Junior Secured Loans, due 3/24/20262022-09-300001512931Money Lion, Inc. ( Delayed Draw), Junior Secured Loans, due 3/24/20262022-09-300001512931Mnine Holdings, Inc (Revolver), Senior Secured Loans, due 12/30/20222022-09-300001512931Mnine Holdings, Inc., Senior Secured Loans Due 12/30/20222022-09-300001512931Mindbody, Inc., Senior Secured Loans, Two, due 2/14/20252022-09-300001512931Mindbody, Inc., Senior Secured Loans, One, due 2/14/20252022-09-300001512931Mindbody, Inc. ( Revolver) (f), Senior Secured Loans, due 2/14/20252022-09-300001512931Medallia, Inc, Senior Secured Loans, due 10/27/20282022-09-300001512931M C P Shaw Acquisitionco, L L C, Senior Secured Loans, Two, due 11/28/20252022-09-300001512931MCP Shaw Acquisitionco, LLC, Senior Secured Loans, Three, due 11/28/20252022-09-300001512931M C P Shaw Acquisitionco, L L C, Senior Secured Loans, One, due 11/28/20252022-09-300001512931M C P Shaw Acquisitionco, L L C ( Revolver), Senior Secured Loans, due 11/28/20252022-09-300001512931M C Asset Management ( Corporate), L L C, Senior Secured Loans Due 1/26/20242022-09-300001512931M C Asset Management ( Corporate), L L C ( Delayed Draw), Senior Secured Loans Due 1/26/20242022-09-300001512931Mark Logic Corporation, Senior Secured Loans, Two, due 10/20/20252022-09-300001512931Mark Logic Corporation, Senior Secured Loans, Three, due 10/20/20252022-09-300001512931Mark Logic Corporation, Senior Secured Loans, One, due 10/20/20252022-09-300001512931Mark Logic Corporation, Senior Secured Loans, Four, due 10/20/20252022-09-300001512931Mark Logic Corporation ( Revolver), Senior Secured Loans, due 10/20/20252022-09-300001512931Mammoth Holdings, L L C, Senior Secured Loans, Two, due 10/16/20232022-09-300001512931Mammoth Holdings, L L C, Senior Secured Loans, Three, due 10/16/20232022-09-300001512931Mammoth Holdings, L L C, Senior Secured Loans, One, due 10/16/20232022-09-300001512931Mammoth Holdings, L L C, Senior Secured Loans, Four, due 10/16/20232022-09-300001512931Mammoth Holdings, L L C ( Revolver), Senior Secured Loans, due 10/16/20232022-09-300001512931L X/ J T Intermediate Holdings, Inc., Senior Secured Loans, due 3/11/20252022-09-300001512931L X/ J T Intermediate Holdings, Inc. ( Revolver), Senior Secured Loans, due 3/11/20252022-09-300001512931L V F Holdings, Inc., Senior Secured Loans, Two, due 6/10/20272022-09-300001512931L V F Holdings, Inc., Senior Secured Loans, One, due 6/10/20272022-09-300001512931L V F Holdings, Inc., Senior Secured Loans, ( Delayed Draw) due 6/10/20272022-09-300001512931L V F Holdings, Inc. ( Revolver), Senior Secured Loans, due 6/10/20272022-09-300001512931Liftforward S P V I I, L L C, Senior Secured Loans, due 9/30/20222022-09-300001512931Lifted Trucks Holdings, L L C, Senior Secured Loans, due 8/2/20272022-09-300001512931Lifted Trucks Holdings, L L C ( Revolver), Senior Secured Loans, due 8/2/20272022-09-300001512931Lifted Trucks Holdings, L L C ( Delayed Draw), Senior Secured Loans, due 8/2/20272022-09-300001512931The Kyjen Company, L L C, Senior SEcured Loans, Two, Due 4/3/20262022-09-300001512931Kar Wash Holdings, LLC, Senior Secured Loans, Two, due 2/26/20272022-09-300001512931Kar Wash Holdings, LLC, Senior Secured Loans, One, due 2/26/20272022-09-300001512931Kar Wash Holdings, L L C ( Revolver), Senior Secured Loans, due 2/26/20272022-09-300001512931Kar Wash Holdings, L L C ( Delayed Draw), Senior Secured Loans, due 2/26/20272022-09-300001512931I N H Buyer, Inc., Senior Secured Loans, due 6/28/20282022-09-300001512931Independence Buyer, Inc, Senior Secured Loans, due 8/3/20262022-09-300001512931Independence Buyer, Inc. ( Revolver), Senior Secured Loans, due 8/3/20262022-09-300001512931H S4 Acquisitionco, Inc., Senior Secured Loans, due 7/9/20252022-09-300001512931H S4 Acquisitionco, Inc. ( Revolver), Senior Secured Loans, due 7/9/20252022-09-300001512931H F Z Capital Group L L C, Senior Secured Loans , Two2022-09-300001512931H F Z Capital Group L L C, Senior Secured Loans, One2022-09-300001512931Hastings Manufacturing Company, Senior Secured Loans, due 4/24/20232022-09-300001512931GC Champion Acquisition LLC, Senior Notes, Due 8/18/20282022-09-300001512931GC Champion Acquisition LLC (Delayed Draw), Senior Notes, Due 8/18/20282022-09-300001512931Forman Mills, Inc, Senior Secured Loans, Two, due 4/30/20242022-09-300001512931Forman Mills, Inc, Senior Secured Loans, One, due 4/30/20242022-09-300001512931Express Wash Acquisition Company, L L C, Senior Secured Loans, One, due 12/26/20252022-09-300001512931Express Wash Acquisition Company, L L C ( Revolver), Senior Secured Loans, due 12/26/20252022-09-300001512931Express Wash Acquisition Company, L L C ( Delayed Draw), Senior Secured Loans, Four, due 12/26/20252022-09-300001512931Equine Network, L L C, Senior Secured Loans, Two, due 12/31/20252022-09-300001512931Equine Network, L L C, Senior Secured Loans, One, due 12/31/20252022-09-300001512931Equine Network, L L C, (Revolver), Senior Secured Loans, due 12/31/20252022-09-300001512931Equine Network, L L C, (Delayed Draw), Senior Secured Loans, due 12/31/20252022-09-300001512931Education Corporation of America, Junior Secured Loans2022-09-300001512931Drawbridge Partners, LLC, Senior Secured Loans, due 9/1/20282022-09-300001512931Drawbridge Partners, LLC (Revolver), Senior Secured Loans, due 9/1/20282022-09-300001512931Drawbridge Partners, LLC (Delayed Draw), Senior Secured Loans, due 9/1/20282022-09-300001512931Dorado Acquisition, Inc., Senior Secured Loans, due 6/30/20262022-09-300001512931Dorado Acquisition, Inc. ( Revolver) , Senior Secured Loans, due 6/30/20262022-09-300001512931Dorado Acquisition, Inc. ( Delayed Draw) , Senior Secured Loans, due 6/30/20262022-09-300001512931Destination Media, Inc, Senior Secured Loans, due 4/7/20232022-09-300001512931Destination Media, Inc (Revolver), Senior Secured Loans, due 4/7/20232022-09-300001512931Crownpeak Technology, Inc., Senior Secured Loans, Two, due 2/28/20242022-09-300001512931Crownpeak Technology, Inc. Senior Secured Loans, Three, due 22/8/20242022-09-300001512931Crownpeak Technology, Inc., Senior Secured Loans, One, due 2/28/20242022-09-300001512931Crownpeak Technology, Inc. ( Revolver), Senior Secured Loans, due 2/28/20242022-09-300001512931Crownpeak Technology, Inc. (Delayed Draw), Senior Secured Loans , due 22/8/20242022-09-300001512931Chess.com, L L C, Senior Secured Loans, due 12/31/20272022-09-300001512931Chess.com, L L C ( Revolver), Senior Secured Loans, due 12/31/20272022-09-300001512931CGI Automated Manufacturing, LLC, Senior Secured Loans, Two, due 12/17/20262022-09-300001512931CGI Automated Manufacturing, LLC, Senior Secured Loans, One, due 12/17/20262022-09-300001512931Centaur ( Palm Beach) Owner L L C and Panther National Golf Club L L C, Senior Secured Loans, due 4/30/20252022-09-300001512931Centaur ( Palm Beach) Owner L L C and Panther National Golf Club L L C ( Revolver), Senior Secured Loans, due 4/30/20252022-09-300001512931Centaur ( Palm Beach) Owner L L C and Panther National Golf Club L L C ( Delayed Draw), Senior Secured Loans, due 4/30/20252022-09-300001512931Cassavant Holdings, L L C, Unitranche Secured Loans, due 9/8/20262022-09-300001512931Caravel Autism Health, L L C, Senior Secured Loans, due 6/30/20272022-09-300001512931Caravel Autism Health, L L C ( Revolver), Senior Secured Loans, due 6/30/20272022-09-300001512931Caravel Autism Health, L L C ( Delayed Draw), Senior Secured Loans, due 6/30/20272022-09-300001512931Calabrio, Inc., Senior Secured Loans, due 4/16/20272022-09-300001512931Calabrio, Inc. ( Revolver), Senior Secured Loans, due 4/16/20272022-09-300001512931Burroughs, Inc., Senior Secured Loans, due 12/22/20232022-09-300001512931Burroughs, Inc. ( Revolver), Senior Secured Loans, due 12/22/20232022-09-300001512931Brickell Bay Acquisition Corp, Senior Secured Loans, due 2/12/20262022-09-300001512931Brickell Bay Acquisition Corp. ( Delayed Draw), Senior Secured Loans, due 2/12/20262022-09-300001512931Born To Run, L L C, Senior Secured Loans, due 4/1/20272022-09-300001512931Born To Run, L L C ( Delayed Draw) Senior Secured Loans, due 4/1/20272022-09-300001512931Bonterra, L L C (fka Cybergrants Holdings), Senior Secured Loans, due 9/8/20272022-09-300001512931Bonterra, L L C (fka Cybergrants Holdings) ( Revolver), Senior Secured Loans, due 9/8/20272022-09-300001512931Bonterra, L L C (fka Cybergrants Holdings) ( Delayed Draw) , Senior Secured Loans, due 9/8/20272022-09-300001512931B L S T Operating Company, L L C, Senior Secured Loans, due 8/28/20252022-09-300001512931Attom Intermediate Holdco, L L C, Senior Secured Loans, Two, due 1/4/20242022-09-300001512931Attom Intermediate Holdco, L L C, Senior Secured Loans, Three, due 1/4/20242022-09-300001512931Attom Intermediate Holdco, L L C, Senior Secured Loans, One, due 1/4/20242022-09-300001512931Attom Intermediate Holdco, LLC, Senior Secured Loans, Four, due 1/4/20242022-09-300001512931Attom Intermediate Holdco, L L C ( Revolver), Senior Secured Loans, due 1/4/20242022-09-300001512931A S G I I, L L C, Unitranche Secured Loans, due 5/25/20282022-09-300001512931A S G I I, L L C ( Delayed Draw), Unitranche Secured Loans, 5/25/20282022-09-300001512931Ascent Midco, L L C, Senior Secured Loans Due 2/5/20252022-09-300001512931Ascent Midco, L L C ( Revolver), Senior Secured Loans Due 2/5/20252022-09-300001512931Arcstor Midco, L L C, Senior Secured Loans, due 3/16/20272022-09-300001512931Aras Corporation, Senior Secured Loans, due 4/13/20272022-09-300001512931Aras Corporation ( Revolver), Senior Secured Loans, due 4/13/20272022-09-300001512931American Community Homes, Inc., Senior Secured Loans, Two, Due 12/31/20262022-09-300001512931American Community Homes, Inc., Senior Secured Loans, Three, Due 12/31/20262022-09-300001512931American Community Homes, Inc., Senior Secured Loans, Six, Due 12/31/20262022-09-300001512931American Community Homes, Inc., Senior Secured Loans, Seven, Due 12/31/20262022-09-300001512931American Community Homes, Inc., Senior Secured Loans, One, Due 12/31/20262022-09-300001512931American Community Homes, Inc., Senior Secured Loans, Four, Due 12/31/20262022-09-300001512931American Community Homes, Inc., Senior Secured Loans, Five, Due 12/31/20262022-09-300001512931American Community Homes, Inc. ( Revolver), Senior Secured Loans Due 12/31/20262022-09-300001512931American Broadband and Telecommunications Company L L C ( Revolver), Senior Secured Loans, due 6/10/20252022-09-300001512931American Broadband and Telecommunications Company L L C ( Delayed Draw), Senior Secured Loans, due 6/10/20252022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMemberWheel Pros, Inc., Senior Secured Loans, due 5/11/20282021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberTruck- Lite Co., L L C, Senior Secured Loans, Two, due 12/14/20262021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberTruck- Lite Co., L L C, Senior Secured Loans, One, due 12/14/20262021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberTrident Maritime Systems, Inc, Senior Secured Loans, One, due 2/26/20272021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberTrident Maritime Systems, Inc ( Revolver), Senior Secured Loans, due 2/26/20272021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberThe Octave Music Group, Inc., Senior Secured Loans, due 5/29/20252021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberThe Kleinfelder Group, Inc., Senior Secured Loans, due 11/29/20242021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberThe Cook & Boardman Group L L C, Senior Secured Loans, due 10/20/20252021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberT G G T S Acquisition Company, Senior Secured Loans, due 12/12/20252021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberTeneo Holdings L L C, Senior Secured Loans, due 7/11/20252021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberT E A M Public Choices, L L C, Senior Secured Loans, due 12/17/20272021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberTait L L C, Senior Secured Loans, due 3/28/20252021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberTait L L C ( Revolver), Senior Secured Loans, due 3/28/20252021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberS W Ingredients Holdings, L L C, Senior Secured Loans, due 7/3/20252021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberS T A T S Intermediate Holdings, L L C, Senior Secured Loans, due 7/10/20262021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberS I R V A Worldwide Inc., Senior Secured Loans, due 8/4/20252021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberSecretariat Advisors L L C, Senior Secured Loans, due 12/29/20282021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberSecretariat Advisors L L C ( Delayed Draw), Senior Secured Loans, due 12/29/20282021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberSandvine Corporation, Senior Secured Loans, due 10/31/20252021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberRunner Buyer I N C., Senior Secured Loans, due 10/23/20282021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberResearch Now Group, Inc. and Survey Sampling International, L L C, Senior Secured Loans, due 12/20/20242021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberRadiology Partners, Inc., Senior Secured Loans, due 7/9/20252021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberP V H C Holding Corp, Senior Secured Loans, due 8/5/20242021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberPort Townsend Holdings Company, Inc. and Crown Corrugated Company, Senior Secured Loans, due 4/3/20242021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberPolychem Acquisition, L L C, Senior Secured Loans, due 3/17/20252021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberPhoenix Chemical Holding Company L L C (fka Polymer Solutions Group), Senior Secured Loans, due 1/3/20232021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberP H Beauty Holdings I I I, I N C., Senior Secured Loans, due 9/26/20252021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberOutput Services Group, Inc., Senior Secured Loans, due 3/27/20242021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberOrbit Purchaser L L C, Senior Secured Loans, Two, due 10/21/20242021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberOrbit Purchaser L L C, Senior Secured Loans, Three, due 10/21/20242021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberOrbit Purchaser L L C, Senior Secured Loans, One, due 10/21/20242021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberOffen, Inc., Senior Secured Loans, Two, due 6/22/20262021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberOffen, Inc., Senior Secured Loans, One, due 6/22/20262021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberNorth Haven Spartan U S Holdco, L L C, Senior Secured Loans, due 6/6/20252021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberMinotaur Acquisition, Inc., Senior Secured Loans, due 3/27/20262021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberMavenir Systems, Inc., Senior Secured Loans, due 8/18/20282021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberL W Buyer, L L C, Senior Secured Loans, due 12/30/20242021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberL S C S Holdings, Inc., Senior Secured Loans, due 12/15/20282021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberLiqui- Box Holdings, Inc., Senior Secured Loans, due 2/26/20272021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberLightbox Intermediate, L. P., Senior Secured Loans, due 5/11/20262021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberLaseraway Intermediate Holdings I I, L L C, Senior Secured Loans, due 10/14/20272021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberKeystone Purchaser, L L C, Senior Secured Loans, due 5/7/20272021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberInternational Textile Group, Inc., Senior Secured Loans, due 5/1/20242021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberIntermedia Holdings, Inc., Senior Secured Loans, due 7/21/20252021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberHarbour Benefit Holdings, Inc., Senior Secured Loans, Two, due 12/13/20242021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberHarbour Benefit Holdings, Inc., Senior Secured Loans, One, due 12/13/20242021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberH A L O Buyer, Inc., Senior Secured Loans, due 6/30/20252021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberExcel Fitness Holdings, Inc., Senior Secured Loans, due 4/27/20292021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberEngage2 Excel, Inc., Senior Secured Loans, Two,due 3/7/20232021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberEngage2 Excel, Inc., Senior Secured Loans, One, due 3/7/20232021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberEngage2 Excel, Inc. ( Revolver), Senior Secured Loans, due 3/7/20232021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberEliassen Group, L L C, Senior Secured Loans, due 4/14/20282021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberD S Parent, Inc., Senior Secured Loans, due 12/8/20282021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberDrilling Info Holdings, Inc., Senior Secured Loans, due 7/30/20252021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberDresser Utility Solutions, L L C (fka N G S U S Finco, L L C), Senior Secured Loans, Two, due 10/1/20252021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberDresser Utility Solutions, L L C (fka N G S U S Finco, L L C), Senior Secured Loans, One, due 10/1/20252021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberCorel Inc. (c), Senior Secured Loans, due 7/2/20262021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberC H A Holdings, Inc, Senior Secured Loans, Two, due 4/10/20252021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberC H A Holdings, Inc, Senior Secured Loans, One, due 4/10/20252021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberCano Health, L L C, Senior Secured Loans, due 11/23/20272021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberCadent, L L C, Senior Secured Loans, due 9/11/20252021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberCadent, L L C ( Revolver), Senior Secured Loans, due 9/11/20252021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberBromford Industries Limited, Senior Secured Loans, Two, due 11/5/20252021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberBromford Industries Limited, Senior Secured Loans, One, due 11/5/20252021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberB M C Acquisition, Inc., Senior Secured Loans, due 12/30/20242021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberAvison Young ( U S A) Inc., Senior Secured Loans, due 1/30/20262021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberA Q Carver Buyer, Inc., Senior Secured Loans, due 9/23/20252021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberAnalogic Corporation, Senior Secured Loans, due 6/24/20242021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberAccelerate Auto Works Intermediate, L L C, Senior Secured Loans, due 12/1/20272021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberAccelerate Auto Works Intermediate, L L C ( Revolver), Senior Secured Loans, due 12/1/20272021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMemberAccelerate Auto Works Intermediate, L L C ( Delayed Draw), Senior Secured Loans, due 12/1/20272021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMember360 Holdco, Inc., Senior Secured Loans, due 8/2/20252021-12-310001512931mrcc:MRCCSeniorLoanFundILLCMember360 Holdco, Inc. ( Delayed Draw), Senior Secured Loans, due 8/2/20252021-12-310001512931Star Compliance Mid Co, L L C, Senior Secured Loans, Two, due 1/12/2027us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-12-310001512931Star Compliance Mid Co, L L C, Senior Secured Loans, One, due 1/12/2027us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-12-310001512931Star Compliance Mid Co, L L C, ( Revolver), Senior Secured Loans, due 1/12/2027us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-12-310001512931M V Receivables I I, L L C ( Delayed Draw), Senior Secured Loans, due 7/29/2026us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-12-310001512931Magneto & Diesel Acquisition, Inc, Senior Secured Loans, Two, due 12/8/2023us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-12-310001512931Magneto & Diesel Acquisition, Inc, Senior Secured Loans, Three, due 12/8/2023us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-12-310001512931Magneto & Diesel Acquisition, Inc, Senior Secured Loans, One, due 12/18/2023us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-12-310001512931Magneto & Diesel Acquisition, Inc. ( Revolver), Senior Secured Loans, due 12/8/2023us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-12-310001512931L X/ J T Intermediate Holdings, Inc., Senior Secured Loans, due 3/11/2025us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-12-310001512931L X/ J T Intermediate Holdings, Inc. ( Revolver), Senior Secured Loans, due 3/11/2025us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-12-310001512931L V F Holdings, Inc., Senior Secured Loans, Two, due 6/10/2027us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-12-310001512931L V F Holdings, Inc., Senior Secured Loans, One, due 6/10/2027us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-12-310001512931L V F Holdings, Inc., Senior Secured Loans, ( Delayed Draw) due 6/10/2027us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-12-310001512931L V F Holdings, Inc. ( Revolver), Senior Secured Loans, due 6/10/2027us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-12-310001512931Lifted Trucks Holdings, L L C, Senior Secured Loans, due 8/2/2027us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-12-310001512931Lifted Trucks Holdings, L L C ( Revolver), Senior Secured Loans, due 8/2/2027us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-12-310001512931Lifted Trucks Holdings, L L C ( Delayed Draw), Senior Secured Loans, due 8/2/2027us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-12-310001512931Hastings Manufacturing Company, Senior Secured Loans, due 4/24/2023us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-12-310001512931Born To Run, L L C, Senior Secured Loans, due 4/1/2027us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-12-310001512931Born To Run, L L C ( Delayed Draw) Senior Secured Loans, due 4/1/2027us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-12-310001512931Xan Edu Publishing, Inc., Senior Secured Loans, due, 1/28/20252021-12-310001512931Xan Edu Publishing, Inc. ( Revolver), Senior Secured Loans, due, 1/28/20252021-12-310001512931WillowTree, LLC, Unitranche Secured Loans, due 10/9/20232021-12-310001512931V P S Holdings, L L C, Senior Secured Loans, Two, due 10/4/20242021-12-310001512931V P S Holdings, L L C, Senior Secured Loans, One, due 10/4/20242021-12-310001512931V P S Holdings, L L C ( Revolver), Senior Secured Loans, due 10/4/20242021-12-310001512931Vice Group Holding Inc., Senior Secured Loans, Two, due 11/2/20222021-12-310001512931Vice Group Holding Inc., Senior Secured Loans, Three, due 11/2/20222021-12-310001512931Vice Group Holding Inc., Senior Secured Loans, One, due 11/2/20222021-12-310001512931Vice Group Holding Inc., Senior Secured Loans, Four, due, 11/2/20222021-12-310001512931V H T Solutions, Senior Secured Loans, due 12/21/20262021-12-310001512931V H T Solutions ( Revolver), Senior Secured Loans, due 12/21/20262021-12-310001512931V H T Solutions ( Delayed Draw), Senior Secured Loans, due 12/21/20262021-12-310001512931V B E1, L L C ( Delayed Draw), Unitranche Secured Loans, due 11/18/20262021-12-310001512931Valudor Products L L C, Senior Secured Loans, Two, due 6/19/20232021-12-310001512931Valudor Products L L C, Senior Secured Loans, Three, due 6/19/20232021-12-310001512931Valudor Products L L C, Senior Secured Loans, One, due 6/19/2023,2021-12-310001512931Valudor Products L L C ( Revolver), Senior Secured Loans, due 6/19/20232021-12-310001512931T J Management Hold Co L L C ( Revolver), Senior Secured Loans, Due 6/28/20242021-12-310001512931Thrasio, L L C, Senior Secured Loans, due 12/18/20262021-12-310001512931The Kyjen Company, L L C, Senior Secured Loans, due 4/3/20262021-12-310001512931The Kyjen Company, L L C ( Revolver), Senior Secured Loans, due 4/3/20262021-12-310001512931T C F I I I O W L Buyer L L C, Senior Secured Loans, Two, due 4/17/20262021-12-310001512931T C F I I I O W L Buyer L L C, Senior Secured Loans, Three, due 4/17/20262021-12-310001512931T C F I I I O W L Buyer L L C, Senior Secured Loans, One, due 4/17/20262021-12-310001512931Synergy Environmental Corporation, Senior Secured Loans, Two, due 9/29/20232021-12-310001512931Synergy Environmental Corporation, Senior Secured Loans, Three, due 9/29/20232021-12-310001512931Synergy Environmental Corporation, Senior Secured Loans, One, due 9/29/20232021-12-310001512931Synergy Environmental Corporation ( Revolver), Senior Secured Loans, due 9/29/20232021-12-310001512931Storm Trap, L L C, Senior Secured Loans, due 12/8/20232021-12-310001512931Storm Trap, L L C ( Revolver), Senior Secured Loans, due 12/8/20232021-12-310001512931Spherix Global Inc. , Senior Secured Loans, due, 12/22/20262021-12-310001512931Spherix Global Inc. ( Revolver), Senior Secured Loans, due, 12/22/20262021-12-310001512931Service Max, Inc., Senior Secured Loans, due 11/1/20272021-12-310001512931Service Max, Inc. ( Revolver) , Senior Secured Loans, due 11/1/20272021-12-310001512931Seran Bio Science, L L C, Senior Secured Loans, Due 12/31/20252021-12-310001512931Seran Bio Science, L L C (Revolver), Senior Secured Loans, Due 12/31/20252021-12-310001512931Security Services Acquisition Sub Corp., Senior Secured Loans, Two, due 9/30/20262021-12-310001512931Security Services Acquisition Sub Corp., Senior Secured Loans, Three, due 9/30/20262021-12-310001512931Security Services Acquisition Sub Corp., Senior Secured Loans, One, due 9/30/20262021-12-310001512931Security Services Acquisition Sub Corp., Senior Secured Loans, Four, due 9/30/20262021-12-310001512931Security Services Acquisition Sub Corp., Senior Secured Loans, Five, due 9/30/20262021-12-310001512931Second Avenue S F R Holdings I I L L C ( Revolver), Senior Secured Loans, Due 8/9/20242021-12-310001512931Relevate Health Group, L L C, Senior Secured Loans, due, 11/20/20252021-12-310001512931Relevate Health Group, L L C ( Revolver), Senior Secured Loans, due, 11/20/20252021-12-310001512931Relevate Health Group, L L C ( Delayed Draw), Senior Secured Loans, due, 11/20/20252021-12-310001512931Relativity O D A L L C, Senior Secured Loans, due 5/12/20272021-12-310001512931Relativity O D A L L C ( Revolver), Senior Secured Loans, due 5/12/20272021-12-310001512931Red Zone Robotics, Inc., Senior Secured Loans, due 6/5/20232021-12-310001512931Red Zone Robotics, Inc. ( Revolver) , Senior Secured Loans, due 6/5/20232021-12-310001512931Recycled Plastics Industries, L L C, Senior Secured Loans, due 8/4/20262021-12-310001512931Recycled Plastics Industries, L L C ( Revolver), Senior Secured Loans, due 8/4/20262021-12-310001512931Quest Resource Management Group, L L C, Senior Secured Loans, Two, due 10/20/20252021-12-310001512931Quest Resource Management Group, L L C, Senior Secured Loans, Three, due 10/20/20252021-12-310001512931Quest Resource Management Group, L L C, Senior Secured Loans, One, due 10/20/20252021-12-310001512931Quest Resource Management Group, L L C ( Delayed Draw), Senior Secured Loans, due 10/20/20252021-12-310001512931Priority Ambulance, L L C, Unitranche Secured Loans, Two, due 4/12/20222021-12-310001512931Priority Ambulance, L L C, Unitranche Secured Loans, Three, due 4/12/20222021-12-310001512931Priority Ambulance, L L C, Unitranche Secured Loans, One, due 4/12/20222021-12-310001512931Priority Ambulance, L L C, Unitranche Secured Loans, Four, due 4/12/20222021-12-310001512931Planful, Inc., Senior Secured Loans, Two, due 12/30/20242021-12-310001512931Planful, Inc., Senior Secured Loans, One, due 12/30/20242021-12-310001512931Planful, Inc. ( Revolver), Senior Secured Loans, due 12/30/20242021-12-310001512931Onit, Inc., Unitranche Secured Loans, due 5/2/20252021-12-310001512931North Haven U S H C Acquisition, Inc., Senior Secured Loans, due, Two, 10/30/20252021-12-310001512931North Haven U S H C Acquisition, Inc., Senior Secured Loans, due, One, 10/30/20252021-12-310001512931North Haven U S H C Acquisition, Inc. ( Revolver), Senior Secured Loans, due, 10/30/20252021-12-310001512931North Haven U S H C Acquisition, Inc. ( Delayed Draw), Senior Secured Loans, due, 10/30/20252021-12-310001512931Newforma, Inc., Senior Secured Loans, due 6/30/20222021-12-310001512931Newforma, Inc. ( Revolver), Senior Secured Loans, due 6/30/20222021-12-310001512931N E C B Collections, L L C ( Revolver), Senior Secured Loans2021-12-310001512931Nearly Natural, Inc., Senior Secured loans, Two, due 12/15/20222021-12-310001512931Nearly Natural, Inc., Senior Secured loans, Three, due 12/15/20222021-12-310001512931Nearly Natural, Inc., Senior Secured loans, One, due 12/15/20222021-12-310001512931Nearly Natural, Inc., Senior Secured loans, Four, due 12/15/20222021-12-310001512931Nearly Natural, Inc.( Revolver), Senior Secured loans, due 12/15/20222021-12-310001512931N C B P Property, L L C, Senior Secured Loans, due 12/16/20222021-12-310001512931Nations Benefits, L L C, Senior Secured Loans, due 8/20/20262021-12-310001512931Nations Benefits, L L C ( Revolver), Senior Secured Loans, due 8/20/20262021-12-310001512931Mnine Holdings, Inc., Senior Secured Loans Due 12/30/20222021-12-310001512931Mindbody, Inc., Senior Secured Loans, Two, due 2/14/20252021-12-310001512931Mindbody, Inc., Senior Secured Loans, One, due 2/14/20252021-12-310001512931Mindbody, Inc. ( Revolver) (f), Senior Secured Loans, due 2/14/20252021-12-310001512931M F G Chemical, L L C, Unitranche Secured Loans, Two, Due 6/23/20222021-12-310001512931M F G Chemical, L L C, Unitranche Secured Loans, One, Due 6/23/20222021-12-310001512931M C P Shaw Acquisitionco, L L C, Senior Secured Loans, Two, due 11/28/20252021-12-310001512931M C P Shaw Acquisitionco, L L C, Senior Secured Loans, One, due 11/28/20252021-12-310001512931M C P Shaw Acquisitionco, L L C ( Revolver), Senior Secured Loans, due 11/28/20252021-12-310001512931M C P Shaw Acquisitionco, L L C ( Delayed Draw), Senior Secured Loans, due 11/28/20252021-12-310001512931M C Asset Management ( Corporate), L L C, Senior Secured Loans Due 1/26/20242021-12-310001512931M C Asset Management ( Corporate), L L C ( Delayed Draw), Senior Secured Loans Due 1/26/20242021-12-310001512931Mark Logic Corporation, Senior Secured Loans, Two, due 10/20/20252021-12-310001512931Mark Logic Corporation, Senior Secured Loans, One, due 10/20/20252021-12-310001512931Mark Logic Corporation ( Revolver), Senior Secured Loans, due 10/20/20252021-12-310001512931MarkLogic Corporation (Delayed Draw), Senior Secured Loans 10/20/20252021-12-310001512931Mammoth Holdings, L L C, Senior Secured Loans, Two, due 10/16/20232021-12-310001512931Mammoth Holdings, L L C, Senior Secured Loans, Three, due 10/16/20232021-12-310001512931Mammoth Holdings, L L C, Senior Secured Loans, One, due 10/16/20232021-12-310001512931Mammoth Holdings, L L C ( Revolver), Senior Secured Loans, due 10/16/20232021-12-310001512931Mammoth Holdings, L L C ( Delayed Draw), Senior Secured Loans, due 10/16/20232021-12-310001512931Liftforward S P V I I, L L C, Senior Secured Loans, due 9/30/20222021-12-310001512931I T Global Holding L L C, Senior Secured Loans, Two, due 11/10/20232021-12-310001512931I T Global Holding L L C, Senior Secured Loans, One, due 11/10/20232021-12-310001512931I T Global Holding L L C ( Revolver), Senior Secured Loans, due 11/10/20232021-12-310001512931I N H Buyer, Inc., Senior Secured Loans, due 6/28/20282021-12-310001512931Independence Buyer, Inc, Senior Secured Loans, due 8/3/20262021-12-310001512931Independence Buyer, Inc. ( Revolver), Senior Secured Loans, due 8/3/20262021-12-310001512931I D I G Parent, L L C, Senior Secured Loans, Two, due 12/15/20262021-12-310001512931I D I G Parent, L L C, Senior Secured Loans, One, due 12/15/20262021-12-310001512931I D I G Parent, L L C ( Revolver), Senior Secured Loans, due 12/15/20262021-12-310001512931H S4 Acquisitionco, Inc., Senior Secured Loans, due 7/9/20252021-12-310001512931H S4 Acquisitionco, Inc. ( Revolver), Senior Secured Loans, due 7/9/20252021-12-310001512931H F Z Capital Group L L C, Senior Secured Loans , Two2021-12-310001512931H F Z Capital Group L L C, Senior Secured Loans, One2021-12-310001512931Forman Mills, Inc., Senior Secured Loans, Two, due 12/30/20222021-12-310001512931Forman Mills, Inc., Senior Secured Loans, Three, due 12/30/20222021-12-310001512931Forman Mills, Inc., Senior Secured Loans, One, due 12/30/20222021-12-310001512931Express Wash Acquisition Company, L L C, Senior Secured Loans, Two, due 12/26/20252021-12-310001512931Express Wash Acquisition Company, L L C, Senior Secured Loans, Three, due 12/26/20252021-12-310001512931Express Wash Acquisition Company, L L C, Senior Secured Loans, One, due 12/26/20252021-12-310001512931Express Wash Acquisition Company, L L C ( Revolver), Senior Secured Loans, due 12/26/20252021-12-310001512931Express Wash Acquisition Company, L L C ( Delayed Draw), Senior Secured Loans, Four, due 12/26/20252021-12-310001512931Equine Network, L L C, Senior Secured Loans, Two, due 12/13/20252021-12-310001512931Equine Network, L L C, Senior Secured Loans, One, due 12/13/20252021-12-310001512931Equine Network, L L C ( Revolver) , Senior Secured Loans, due 12/13/20252021-12-310001512931Equine Network, L L C ( Delayed Draw), Senior Secured Loans, due 12/13/20252021-12-310001512931Energy Services Group, L L C, Unitranche Secured Loans, Two, Due 5/4/20222021-12-310001512931Energy Services Group, L L C, Unitranche Secured Loans, Three, Due 5/4/20222021-12-310001512931Energy Services Group, L L C, Unitranche Secured Loans, One, Due 5/4/20222021-12-310001512931Education Corporation of America, Junior Secured Loans2021-12-310001512931Dorado Acquisition, Inc., Senior Secured Loans, due 6/30/20262021-12-310001512931Dorado Acquisition, Inc. ( Revolver) , Senior Secured Loans, due 6/30/20262021-12-310001512931Dorado Acquisition, Inc. ( Delayed Draw) , Senior Secured Loans, due 6/30/20262021-12-310001512931Destination Media, Inc., Senior Secured Loans, due 4/7/20222021-12-310001512931Destination Media, Inc. ( Revolver), Senior Secured Loans, due 4/7/20222021-12-310001512931Crownpeak Technology, Inc., Senior Secured Loans, Two, due 2/28/20242021-12-310001512931Crownpeak Technology, Inc., Senior Secured Loans, One, due 2/28/20242021-12-310001512931Crownpeak Technology, Inc. ( Revolver), Senior Secured Loans, due 2/28/20242021-12-310001512931Chess.com, L L C, Senior Secured Loans, due 12/31/20272021-12-310001512931Chess.com, L L C ( Revolver), Senior Secured Loans, due 12/31/20272021-12-310001512931Certify, Inc, Senior Secured Loans, Two, due 2/28/20242021-12-310001512931Certify, Inc, Senior Secured Loans, One, due 2/28/20242021-12-310001512931Certify, Inc. (Revolver), Senior Secured Loans, due 2/28/20242021-12-310001512931Cassavant Holdings, L L C, Unitranche Secured Loans, due 9/8/20262021-12-310001512931Caravel Autism Health, L L C, Senior Secured Loans, due 6/30/20272021-12-310001512931Caravel Autism Health, L L C ( Revolver), Senior Secured Loans, due 6/30/20272021-12-310001512931Caravel Autism Health, L L C ( Delayed Draw), Senior Secured Loans, due 6/30/20272021-12-310001512931Calabrio, Inc., Senior Secured Loans, due 4/16/20272021-12-310001512931Calabrio, Inc. ( Revolver), Senior Secured Loans, due 4/16/20272021-12-310001512931Burroughs, Inc., Senior Secured Loans, due 12/22/20222021-12-310001512931Burroughs, Inc. ( Revolver), Senior Secured Loans, due 12/22/20222021-12-310001512931Brightly Software Holdings, Inc. (fka Dude Solutions Holdings, Inc.), Senior Secured Loans, ( Revolver), due 6/13/20252021-12-310001512931Brightly Software Holdings, Inc. (fka Dude Solutions Holdings, Inc.), Senior Secured Loans, due 6/13/20252021-12-310001512931Brickell Bay Acquisition Corp, Senior Secured Loans, due 2/12/20262021-12-310001512931Brickell Bay Acquisition Corp. ( Delayed Draw), Senior Secured Loans, due 2/12/20262021-12-310001512931Bonterra, L L C (fka Cybergrants Holdings), Senior Secured Loans, due 9/8/20272021-12-310001512931Bonterra, L L C (fka Cybergrants Holdings) ( Revolver), Senior Secured Loans, due 9/8/20272021-12-310001512931Bonterra, L L C (fka Cybergrants Holdings) ( Delayed Draw) , Senior Secured Loans, due 9/8/20272021-12-310001512931B L S T Operating Company, L L C, Senior Secured Loans, due 8/28/20252021-12-310001512931Attom Intermediate Holdco, L L C, Senior Secured Loans, Two, due 1/4/20242021-12-310001512931Attom Intermediate Holdco, L L C, Senior Secured Loans, Three, due 1/4/20242021-12-310001512931Attom Intermediate Holdco, L L C, Senior Secured Loans, One, due 1/4/20242021-12-310001512931Attom Intermediate Holdco, L L C ( Revolver), Senior Secured Loans, due 1/4/20242021-12-310001512931Ascent Midco, L L C, Senior Secured Loans Due 2/5/20252021-12-310001512931Ascent Midco, L L C ( Revolver), Senior Secured Loans Due 2/5/20252021-12-310001512931Arcstor Midco, L L C, Senior Secured Loans, due 3/16/20272021-12-310001512931Aras Corporation, Senior Secured Loans, due 4/13/20272021-12-310001512931Aras Corporation ( Revolver), Senior Secured Loans, due 4/13/20272021-12-310001512931Apotheco, L L C, Senior Secured Loans, due 4/8/20242021-12-310001512931Apotheco, L L C ( Revolver), Senior Secured Loans, due 4/8/20242021-12-310001512931American Community Homes, Inc., Senior Secured Loans, Two, Due 3/31/20222021-12-310001512931American Community Homes, Inc., Senior Secured Loans, Three, Due 3/31/20222021-12-310001512931American Community Homes, Inc., Senior Secured Loans, Six, Due 3/31/20222021-12-310001512931American Community Homes, Inc., Senior Secured Loans, Seven, Due 3/31/20222021-12-310001512931American Community Homes, Inc., Senior Secured Loans, One, Due 3/31/20222021-12-310001512931American Community Homes, Inc., Senior Secured Loans, Four, Due 3/31/20222021-12-310001512931American Community Homes, Inc., Senior Secured Loans, Five, Due 3/31/20222021-12-310001512931Y S W H 4, L L C (Revolver), Senior Secured Loans, Due 11/20/20252022-01-012022-09-300001512931Xan Edu Publishing, Inc, Equity Securities, Class A units2022-01-012022-09-300001512931Xan Edu Publishing, Inc., Senior Secured Loans, Two, due, 1/28/20252022-01-012022-09-300001512931Xan Edu Publishing, Inc., Senior Secured Loans, One, due, 1/28/20252022-01-012022-09-300001512931Xan Edu Publishing, Inc. ( Revolver), Senior Secured Loans, due, 1/28/20252022-01-012022-09-300001512931Witkoff/ Monroe 700 J V L L C, Equity Securities, Preferred units2022-01-012022-09-300001512931Witkoff/ Monroe 700 J V L L C ( Delayed Draw), Junior Secured Loans, due 7/2/20262022-01-012022-09-300001512931WillowTree, LLC, Unitranche Secured Loans, due 10/9/20232022-01-012022-09-300001512931Whistler Parent Holdings I I I, Inc., Senior Secured Loans, due 6/2/20282022-01-012022-09-300001512931Whistler Parent Holdings I I I, Inc. ( Revolver), Senior Secured Loans, due 6/2/20282022-01-012022-09-300001512931Whistler Parent Holdings I I I, Inc. ( Delayed Draw), Senior Secured Loans, due 6/2/20282022-01-012022-09-300001512931W3 Monroe R E Debt L L C, Senior Secured Loans, due 2/4/20282022-01-012022-09-300001512931V P S Holdings, L L C, Senior Secured Loans, Two, due 10/4/20242022-01-012022-09-300001512931V P S Holdings, L L C, Senior Secured Loans, One, due 10/4/20242022-01-012022-09-300001512931V P S Holdings, L L C ( Revolver), Senior Secured Loans, due 10/4/20242022-01-012022-09-300001512931Vinci Brands L L C, Unitranche Secured Loans, Two, due 2/6/20242022-01-012022-09-300001512931Vinci Brands L L C, Unitranche Secured Loans, Three, due 2/6/20242022-01-012022-09-300001512931Vinci Brands L L C, Unitranche Secured Loans, One, due 2/6/20242022-01-012022-09-300001512931Vinci Brands L L C, Unitranche Secured Loans, Four, due 2/6/20242022-01-012022-09-300001512931Vice Group Holding Inc., Senior Secured Loans, Two, due 11/2/20222022-01-012022-09-300001512931Vice Group Holding Inc., Senior Secured Loans, Three, due 11/2/20222022-01-012022-09-300001512931Vice Group Holding Inc., Senior Secured Loans, One, due 11/2/20222022-01-012022-09-300001512931Vice Group Holding Inc., Senior Secured Loans, Four, due, 11/2/20222022-01-012022-09-300001512931V B E1, L L C, Unitranche Secured Loans, due 11/18/20262022-01-012022-09-300001512931Valudor Products L L C, Senior Secured Loans, Two, due 6/19/20232022-01-012022-09-300001512931Valudor Products L L C, Senior Secured Loans, Three, due 6/19/20232022-01-012022-09-300001512931Valudor Products L L C, Senior Secured Loans, One, due 6/19/2023,2022-01-012022-09-300001512931Valudor Products L L C ( Revolver), Senior Secured Loans, due 6/19/20232022-01-012022-09-300001512931Valudor Products L L C , Equity Securities, Class A-1 units2022-01-012022-09-300001512931Tiger Connect, Inc., Senior Secured Loans, due 2/16/20282022-01-012022-09-300001512931Tiger Connect, Inc. ( Revolver), Senior Secured Loans, due 2/16/20282022-01-012022-09-300001512931Tiger Connect, Inc. ( Delayed Draw), Senior Secured Loans, due 2/16/20282022-01-012022-09-300001512931Thrasio, L L C, Senior Secured Loans, due 12/18/20262022-01-012022-09-300001512931The Kyjen Company, L L C, Senior Secured Loans, due 4/3/20262022-01-012022-09-300001512931The Kyjen Company, L L C ( Revolver), Senior Secured Loans, due 4/3/20262022-01-012022-09-300001512931T C F I I I O W L Buyer L L C, Senior Secured Loans, Two, due 4/17/20262022-01-012022-09-300001512931T C F I I I O W L Buyer L L C, Senior Secured Loans, Three, due 4/17/20262022-01-012022-09-300001512931T C F I I I O W L Buyer L L C, Senior Secured Loans, One, due 4/17/20262022-01-012022-09-300001512931Star Compliance Mid Co, L L C, Senior Secured Loans, Two, due 1/12/20272022-01-012022-09-300001512931Star Compliance Mid Co, L L C, Senior Secured Loans, One, due 1/12/20272022-01-012022-09-300001512931Star Compliance Mid Co, L L C, ( Revolver), Senior Secured Loans, due 1/12/20272022-01-012022-09-300001512931Spherix Global Inc, Equity Securities, Class A units2022-01-012022-09-300001512931Spherix Global Inc. , Senior Secured Loans, due, 12/22/20262022-01-012022-09-300001512931Spherix Global Inc. ( Revolver), Senior Secured Loans, due, 12/22/20262022-01-012022-09-300001512931Spectrum Science Communications, L L C, Senior Secured Loans, due 1/25/20272022-01-012022-09-300001512931Spectrum Science Communications, L L C ( Revolver), Senior Secured Loans, due 1/25/20272022-01-012022-09-300001512931S F R Holdco, L L C, Junior Secured Loans Due 7/28/20282022-01-012022-09-300001512931S F R Holdco, L L C Equity Securities2022-01-012022-09-300001512931Service Max, Inc., Senior Secured Loans, due 11/1/20272022-01-012022-09-300001512931Service Max, Inc. ( Revolver) , Senior Secured Loans, due 11/1/20272022-01-012022-09-300001512931Seran Bio Science, L L C, Senior Secured Loans, due 7/8/20272022-01-012022-09-300001512931Seran Bio Science, L L C, Senior Secured Loans, Due 12/31/20252022-01-012022-09-300001512931Seran Bio Science, L L C ( Revolver), Senior Secured Loans, due 7/8/20272022-01-012022-09-300001512931Seran Bio Science, L L C, Equity Securities, common units2022-01-012022-09-300001512931Security Services Acquisition Sub Corp., Senior Secured Loans, Two, due 9/30/20262022-01-012022-09-300001512931Security Services Acquisition Sub Corp., Senior Secured Loans, Three, due 9/30/20262022-01-012022-09-300001512931Security Services Acquisition Sub Corp., Senior Secured Loans, One, due 9/30/20262022-01-012022-09-300001512931Security Services Acquisition Sub Corp., Senior Secured Loans, Four, due 9/30/20262022-01-012022-09-300001512931Security Services Acquisition Sub Corp., Senior Secured Loans, Five, due 9/30/20262022-01-012022-09-300001512931Rockdale Blackhawk, L L C, Senior Secured Loans, no stated maturity2022-01-012022-09-300001512931Relevate Health Group, L L C, Senior Secured Loans, due, 11/20/20252022-01-012022-09-300001512931Relevate Health Group, L L C ( Revolver), Senior Secured Loans, due, 11/20/20252022-01-012022-09-300001512931Relevate Health Group, L L C, Equity Securities, preferred units2022-01-012022-09-300001512931Relevate Health Group, L L C, Equity Securities, Class B common units2022-01-012022-09-300001512931Relevate Health Group, L L C ( Delayed Draw), Senior Secured Loans, due, 11/20/20252022-01-012022-09-300001512931Relativity O D A L L C, Senior Secured Loans, due 5/12/20272022-01-012022-09-300001512931Relativity O D A L L C ( Revolver), Senior Secured Loans, due 5/12/20272022-01-012022-09-300001512931Red Zone Robotics, Inc., Senior Secured Loans, due 6/5/20232022-01-012022-09-300001512931Red Zone Robotics, Inc. ( Revolver) , Senior Secured Loans, due 6/5/20232022-01-012022-09-300001512931Recycled Plastics Industries, L L C, Senior Secured Loans, due 8/4/20262022-01-012022-09-300001512931Recycled Plastics Industries, L L C ( Revolver), Senior Secured Loans, due 8/4/20262022-01-012022-09-300001512931Recorded Future, Inc, Equity Securities, Class A units2022-01-012022-09-300001512931Quest Resource Management Group, L L C, Senior Secured Loans, Two, due 10/20/20252022-01-012022-09-300001512931Quest Resource Management Group, L L C, Senior Secured Loans, Three, due 10/20/20252022-01-012022-09-300001512931Quest Resource Management Group, L L C, Senior Secured Loans, One, due 10/20/20252022-01-012022-09-300001512931Quest Resource Management Group, L L C, Equity Securities, One, Warrants2022-01-012022-09-300001512931Quest Resource Management Group, L L C, Equity Securites, Two, Warrants2022-01-012022-09-300001512931Quest Resource Management Group, L L C ( Delayed Draw), Senior Secured Loans, due 10/20/20252022-01-012022-09-300001512931Planful, Inc, Senior Secured Loans, Two, due 12/28/20262022-01-012022-09-300001512931Planful, Inc, Senior Secured Loans, Three, due 12/28/20262022-01-012022-09-300001512931Planful, Inc, Senior Secured Loans, One, due 12/28/20262022-01-012022-09-300001512931Planful, Inc, Senior Secured Loans, Four, due 12/28/20262022-01-012022-09-300001512931Planful, Inc, Equity Securities, Class A units2022-01-012022-09-300001512931Planful, Inc. ( Revolver), Senior Secured Loans, due 12/28/20262022-01-012022-09-300001512931P K S Holdings, L L C, Equity Securities, Two, Preferred units2022-01-012022-09-300001512931P K S Holdings, L L C, Equity Securities, Three, Preferred units2022-01-012022-09-300001512931P K S Holdings, L L C, Equity Securities, One, Preferred units2022-01-012022-09-300001512931P K S Holdings, L L C, Equity Securities, Four, Preferred units2022-01-012022-09-300001512931Onit, Inc., Unitranche Secured Loans, due 5/2/20252022-01-012022-09-300001512931Oceana Australian Fixed Income Trust, Senior Secured Loans, Two, due 2/25/20262022-01-012022-09-300001512931Oceana Australian Fixed Income Trust, Senior Secured Loans, One, due 6/29/20262022-01-012022-09-300001512931North Haven USHC Acquisition, Inc, Senior Secured Loans, Three, due 10/30/20252022-01-012022-09-300001512931North Haven USHC Acquisition, Inc, Senior Secured Loans, Four, due 10/30/20252022-01-012022-09-300001512931North Haven U S H C Acquisition, Inc., Senior Secured Loans, due, Two, 10/30/20252022-01-012022-09-300001512931North Haven U S H C Acquisition, Inc., Senior Secured Loans, due, One, 10/30/20252022-01-012022-09-300001512931North Haven U S H C Acquisition, Inc. ( Revolver), Senior Secured Loans, due, 10/30/20252022-01-012022-09-300001512931North Haven U S H C Acquisition, Inc. ( Delayed Draw), Senior Secured Loans, due, 10/30/20252022-01-012022-09-300001512931Newforma, Inc., Senior Secured Loans, due 3/31/20232022-01-012022-09-300001512931Newforma, Inc. ( Revolver) (f), Senior Secured Loans, due 3/31/20232022-01-012022-09-300001512931N E C B Collections, L L C, Equity Securities2022-01-012022-09-300001512931Nearly Natural, Inc, Equity Securities, Two, Class A A units2022-01-012022-09-300001512931Nearly Natural, Inc, Equity Securities, One, Class A units2022-01-012022-09-300001512931Nearly Natural, Inc., Senior Secured loans, Two, due 12/15/20222022-01-012022-09-300001512931Nearly Natural, Inc., Senior Secured loans, Three, due 12/15/20222022-01-012022-09-300001512931Nearly Natural, Inc., Senior Secured loans, One, due 12/15/20222022-01-012022-09-300001512931Nearly Natural, Inc., Senior Secured loans, Four, due 12/15/20222022-01-012022-09-300001512931Nearly Natural, Inc.( Revolver), Senior Secured loans, due 12/15/20222022-01-012022-09-300001512931N C B P Property, L L C, Senior Secured Loans, due 12/16/20222022-01-012022-09-300001512931Nations Benefits L L C, Senior Secured Loans, Two, Due 8/26/20272022-01-012022-09-300001512931Nations Benefits L L C, Senior Secured Loans, One, Due 8/26/20272022-01-012022-09-300001512931Nations Benefits, L L C (Revolver), Senior Secured Loans, Due 8/26/20272022-01-012022-09-300001512931Nations Benefits, L L C, Equity Securities, Two, common units2022-01-012022-09-300001512931Nations Benefits, L L C, Equity Securities, One, Series B units2022-01-012022-09-300001512931Nations Benefits LLC Delayed Draw, Senior Secured Loans Due 8/26/20272022-01-012022-09-300001512931M V Receivables I I, L L C, Equity Securities, Due 7/28/2031, Warrants2022-01-012022-09-300001512931M V Receivables I I, L L C, Equity Securities, Common units2022-01-012022-09-300001512931M V Receivables I I, L L C ( Delayed Draw), Senior Secured Loans, due 7/29/20262022-01-012022-09-300001512931Money Lion, Inc., Junior Secured Loans, due 5/1/20232022-01-012022-09-300001512931Money Lion, Inc., Junior Secured Loans, due 3/24/20262022-01-012022-09-300001512931Money Lion, Inc. ( Delayed Draw), Junior Secured Loans, due 3/24/20262022-01-012022-09-300001512931Mnine Holdings, Inc (Revolver), Senior Secured Loans, due 12/30/20222022-01-012022-09-300001512931Mnine Holdings, Inc., Equity Securities, Class B units2022-01-012022-09-300001512931Mindbody, Inc., Senior Secured Loans, Two, due 2/14/20252022-01-012022-09-300001512931Mindbody, Inc., Senior Secured Loans, One, due 2/14/20252022-01-012022-09-300001512931Mindbody, Inc. ( Revolver) (f), Senior Secured Loans, due 2/14/20252022-01-012022-09-300001512931Medallia, Inc, Senior Secured Loans, due 10/27/20282022-01-012022-09-300001512931M C P Shaw Acquisitionco, L L C, Senior Secured Loans, Two, due 11/28/20252022-01-012022-09-300001512931MCP Shaw Acquisitionco, LLC, Senior Secured Loans, Three, due 11/28/20252022-01-012022-09-300001512931M C P Shaw Acquisitionco, L L C, Senior Secured Loans, One, due 11/28/20252022-01-012022-09-300001512931M C P Shaw Acquisitionco, L L C ( Revolver), Senior Secured Loans, due 11/28/20252022-01-012022-09-300001512931M C P Shaw Acquisitionco, L L C , Equity Securities, Class A-2 units2022-01-012022-09-300001512931M C Asset Management ( Corporate), L L C, Equity Securites2022-01-012022-09-300001512931Mark Logic Corporation, Senior Secured Loans, Two, due 10/20/20252022-01-012022-09-300001512931Mark Logic Corporation, Senior Secured Loans, Three, due 10/20/20252022-01-012022-09-300001512931Mark Logic Corporation, Senior Secured Loans, One, due 10/20/20252022-01-012022-09-300001512931Mark Logic Corporation, Senior Secured Loans, Four, due 10/20/20252022-01-012022-09-300001512931Mark Logic Corporation ( Revolver), Senior Secured Loans, due 10/20/20252022-01-012022-09-300001512931Mark Logic Corporation, Equity Securities, Class A units2022-01-012022-09-300001512931Mammoth Holdings, L L C, Senior Secured Loans, Two, due 10/16/20232022-01-012022-09-300001512931Mammoth Holdings, L L C, Senior Secured Loans, Three, due 10/16/20232022-01-012022-09-300001512931Mammoth Holdings, L L C, Senior Secured Loans, One, due 10/16/20232022-01-012022-09-300001512931Mammoth Holdings, L L C, Senior Secured Loans, Four, due 10/16/20232022-01-012022-09-300001512931Mammoth Holdings, L L C ( Revolver), Senior Secured Loans, due 10/16/20232022-01-012022-09-300001512931L X/ J T Intermediate Holdings, Inc., Senior Secured Loans, due 3/11/20252022-01-012022-09-300001512931L X/ J T Intermediate Holdings, Inc. ( Revolver), Senior Secured Loans, due 3/11/20252022-01-012022-09-300001512931L V F Holdings, Inc., Senior Secured Loans, Two, due 6/10/20272022-01-012022-09-300001512931L V F Holdings, Inc., Senior Secured Loans, One, due 6/10/20272022-01-012022-09-300001512931L V F Holdings, Inc., Senior Secured Loans, ( Delayed Draw) due 6/10/20272022-01-012022-09-300001512931L V F Holdings, Inc. ( Revolver), Senior Secured Loans, due 6/10/20272022-01-012022-09-300001512931Luxury Optical Holdings Co., Equity Securities2022-01-012022-09-300001512931Liftforward S P V I I, L L C, Senior Secured Loans, due 9/30/20222022-01-012022-09-300001512931Lifted Trucks Holdings, L L C, Senior Secured Loans, due 8/2/20272022-01-012022-09-300001512931Lifted Trucks Holdings, L L C ( Revolver), Senior Secured Loans, due 8/2/20272022-01-012022-09-300001512931Lifted Trucks Holdings, L L C, Equity Securities, Class A units2022-01-012022-09-300001512931Lifted Trucks Holdings, L L C ( Delayed Draw), Senior Secured Loans, due 8/2/20272022-01-012022-09-300001512931The Kyjen Company, L L C, Senior SEcured Loans, Two, Due 4/3/20262022-01-012022-09-300001512931Kar Wash Holdings, LLC, Senior Secured Loans, Two, due 2/26/20272022-01-012022-09-300001512931Kar Wash Holdings, LLC, Senior Secured Loans, One, due 2/26/20272022-01-012022-09-300001512931Kar Wash Holdings, L L C ( Revolver), Senior Secured Loans, due 2/26/20272022-01-012022-09-300001512931Kar Wash Holdings, L L C, Equity Securities, Class A units2022-01-012022-09-300001512931Kar Wash Holdings, L L C ( Delayed Draw), Senior Secured Loans, due 2/26/20272022-01-012022-09-300001512931J2 B W A Funding L L C, Equity Securities2022-01-012022-09-300001512931J2 BWA Funding LLC (Delayed Draw), Senior Notes, Due 12/24/20262022-01-012022-09-300001512931In Mobi Pte, Ltd, Media: Equity Securities, due 9/18/20252022-01-012022-09-300001512931I N H Buyer, Inc., Senior Secured Loans, due 6/28/20282022-01-012022-09-300001512931Independence Buyer, Inc, Senior Secured Loans, due 8/3/20262022-01-012022-09-300001512931Independence Buyer, Inc. ( Revolver), Senior Secured Loans, due 8/3/20262022-01-012022-09-300001512931Independence Buyer, Inc., Equity Securities, Class A units2022-01-012022-09-300001512931I D I G Parent, L L C, Equity Securities, Common stock2022-01-012022-09-300001512931H S4 Acquisitionco, Inc., Senior Secured Loans, due 7/9/20252022-01-012022-09-300001512931H S4 Acquisitionco, Inc. ( Revolver), Senior Secured Loans, due 7/9/20252022-01-012022-09-300001512931Hastings Manufacturing Company, Senior Secured Loans, due 4/24/20232022-01-012022-09-300001512931GC Champion Acquisition LLC, Senior Notes, Due 8/18/20282022-01-012022-09-300001512931GC Champion Acquisition LLC (Delayed Draw), Senior Notes, Due 8/18/20282022-01-012022-09-300001512931Forman Mills, Inc, Senior Secured Loans, Two, due 4/30/20242022-01-012022-09-300001512931Forman Mills, Inc, Senior Secured Loans, One, due 4/30/20242022-01-012022-09-300001512931Forman Mills, Inc, Equity Securities, Warrants2022-01-012022-09-300001512931Florida East Coast Industries, L L C, Senior Secured Loans, due 6/28/20242022-01-012022-09-300001512931Florida East Coast Industries, L L C, Junior Secured Loans, due 6/28/20242022-01-012022-09-300001512931Express Wash Acquisition Company, L L C, Senior Secured Loans, One, due 12/26/20252022-01-012022-09-300001512931Express Wash Acquisition Company, L L C ( Revolver), Senior Secured Loans, due 12/26/20252022-01-012022-09-300001512931Express Wash Acquisition Company, L L C, Equity Securities, Class A units2022-01-012022-09-300001512931Express Wash Acquisition Company, L L C ( Delayed Draw), Senior Secured Loans, Four, due 12/26/20252022-01-012022-09-300001512931Equine Network, L L C, Senior Secured Loans, Two, due 12/31/20252022-01-012022-09-300001512931Equine Network, L L C, Senior Secured Loans, One, due 12/31/20252022-01-012022-09-300001512931Equine Network, L L C, (Revolver), Senior Secured Loans, due 12/31/20252022-01-012022-09-300001512931Equine Network, L L C, Equity Securities, Class A units2022-01-012022-09-300001512931Equine Network, L L C, (Delayed Draw), Senior Secured Loans, due 12/31/20252022-01-012022-09-300001512931Education Corporation of America, Junior Secured Loans2022-01-012022-09-300001512931Education Corporation of America, Equity Securities, Series G Preferred Stock2022-01-012022-09-300001512931Drawbridge Partners, LLC, Senior Secured Loans, due 9/1/20282022-01-012022-09-300001512931Drawbridge Partners, LLC (Revolver), Senior Secured Loans, due 9/1/20282022-01-012022-09-300001512931Drawbridge Partners, L L C, Equity Securities, Class A-1 Units2022-01-012022-09-300001512931Drawbridge Partners, LLC (Delayed Draw), Senior Secured Loans, due 9/1/20282022-01-012022-09-300001512931Dorado Acquisition, Inc, Equity Securities, Two, Class A-2 units2022-01-012022-09-300001512931Dorado Acquisition, Inc, Equity Securities, One, Class A-1 units2022-01-012022-09-300001512931Dorado Acquisition, Inc., Senior Secured Loans, due 6/30/20262022-01-012022-09-300001512931Dorado Acquisition, Inc. ( Revolver) , Senior Secured Loans, due 6/30/20262022-01-012022-09-300001512931Dorado Acquisition, Inc. ( Delayed Draw) , Senior Secured Loans, due 6/30/20262022-01-012022-09-300001512931Destination Media, Inc, Senior Secured Loans, due 4/7/20232022-01-012022-09-300001512931Destination Media, Inc (Revolver), Senior Secured Loans, due 4/7/20232022-01-012022-09-300001512931Curion Holdings, LLC, Senior Secured Loans, No Maturity Date2022-01-012022-09-300001512931Curion Holdings, L L C, Equity Securities, Common stock2022-01-012022-09-300001512931Crownpeak Technology, Inc., Senior Secured Loans, Two, due 2/28/20242022-01-012022-09-300001512931Crownpeak Technology, Inc. Senior Secured Loans, Three, due 22/8/20242022-01-012022-09-300001512931Crownpeak Technology, Inc., Senior Secured Loans, One, due 2/28/20242022-01-012022-09-300001512931Crownpeak Technology, Inc. ( Revolver), Senior Secured Loans, due 2/28/20242022-01-012022-09-300001512931Crownpeak Technology, Inc. (Delayed Draw), Senior Secured Loans , due 22/8/20242022-01-012022-09-300001512931Chess.com, L L C, Senior Secured Loans, due 12/31/20272022-01-012022-09-300001512931Chess.com, L L C ( Revolver), Senior Secured Loans, due 12/31/20272022-01-012022-09-300001512931Chess.com, L L C, Equity Securities, Class A units2022-01-012022-09-300001512931CGI Automated Manufacturing, LLC, Senior Secured Loans, Two, due 12/17/20262022-01-012022-09-300001512931CGI Automated Manufacturing, LLC, Senior Secured Loans, One, due 12/17/20262022-01-012022-09-300001512931Centaur ( Palm Beach) Owner L L C and Panther National Golf Club L L C, Senior Secured Loans, due 4/30/20252022-01-012022-09-300001512931Centaur ( Palm Beach) Owner L L C and Panther National Golf Club L L C ( Revolver), Senior Secured Loans, due 4/30/20252022-01-012022-09-300001512931Centaur ( Palm Beach) Owner L L C and Panther National Golf Club L L C ( Delayed Draw), Senior Secured Loans, due 4/30/20252022-01-012022-09-300001512931Cassavant Holdings, L L C, Unitranche Secured Loans, due 9/8/20262022-01-012022-09-300001512931Caravel Autism Health, L L C, Senior Secured Loans, due 6/30/20272022-01-012022-09-300001512931Caravel Autism Health, L L C ( Revolver), Senior Secured Loans, due 6/30/20272022-01-012022-09-300001512931Caravel Autism Health, L L C ( Delayed Draw), Senior Secured Loans, due 6/30/20272022-01-012022-09-300001512931California Pizza Kitchen, Inc., Equity Securities, Common units2022-01-012022-09-300001512931Calabrio, Inc., Senior Secured Loans, due 4/16/20272022-01-012022-09-300001512931Calabrio, Inc. ( Revolver), Senior Secured Loans, due 4/16/20272022-01-012022-09-300001512931Burroughs, Inc., Senior Secured Loans, due 12/22/20232022-01-012022-09-300001512931Burroughs, Inc. ( Revolver), Senior Secured Loans, due 12/22/20232022-01-012022-09-300001512931Brickell Bay Acquisition Corp, Senior Secured Loans, due 2/12/20262022-01-012022-09-300001512931Brickell Bay Acquisition Corp. ( Delayed Draw), Senior Secured Loans, due 2/12/20262022-01-012022-09-300001512931Born To Run, L L C, Senior Secured Loans, due 4/1/20272022-01-012022-09-300001512931Born To Run, L L C, Equity Securities, Class A units2022-01-012022-09-300001512931Born To Run, L L C ( Delayed Draw) Senior Secured Loans, due 4/1/20272022-01-012022-09-300001512931Bonterra, L L C (fka Cybergrants Holdings), Senior Secured Loans, due 9/8/20272022-01-012022-09-300001512931Bonterra, L L C (fka Cybergrants Holdings) ( Revolver), Senior Secured Loans, due 9/8/20272022-01-012022-09-300001512931Bonterra, L L C (fka Cybergrants Holdings) ( Delayed Draw) , Senior Secured Loans, due 9/8/20272022-01-012022-09-300001512931B L S T Operating Company, L L C, Senior Secured Loans, due 8/28/20252022-01-012022-09-300001512931B L S T Operating Company, L L C, Equity Securities, Class A units2022-01-012022-09-300001512931Attom Intermediate Holdco, L L C, Senior Secured Loans, Two, due 1/4/20242022-01-012022-09-300001512931Attom Intermediate Holdco, L L C, Senior Secured Loans, Three, due 1/4/20242022-01-012022-09-300001512931Attom Intermediate Holdco, L L C, Senior Secured Loans, One, due 1/4/20242022-01-012022-09-300001512931Attom Intermediate Holdco, LLC, Senior Secured Loans, Four, due 1/4/20242022-01-012022-09-300001512931Attom Intermediate Holdco, L L C ( Revolver), Senior Secured Loans, due 1/4/20242022-01-012022-09-300001512931Attom Intermediate Holdco, L L C, Equity Securities, Class A units2022-01-012022-09-300001512931A S G I I, L L C, Unitranche Secured Loans, due 5/25/20282022-01-012022-09-300001512931A S G I I, L L C ( Delayed Draw), Unitranche Secured Loans, 5/25/20282022-01-012022-09-300001512931Arcstor Midco, L L C, Senior Secured Loans, due 3/16/20272022-01-012022-09-300001512931Aras Corporation, Senior Secured Loans, due 4/13/20272022-01-012022-09-300001512931Aras Corporation ( Revolver), Senior Secured Loans, due 4/13/20272022-01-012022-09-300001512931A P C O Worldwide, Inc, Equity Securities, Class A voting common stock2022-01-012022-09-300001512931American Community Homes, Inc., Senior Secured Loans, Two, Due 12/31/20262022-01-012022-09-300001512931American Community Homes, Inc., Senior Secured Loans, Three, Due 12/31/20262022-01-012022-09-300001512931American Community Homes, Inc., Senior Secured Loans, Six, Due 12/31/20262022-01-012022-09-300001512931American Community Homes, Inc., Senior Secured Loans, Seven, Due 12/31/20262022-01-012022-09-300001512931American Community Homes, Inc., Senior Secured Loans, One, Due 12/31/20262022-01-012022-09-300001512931American Community Homes, Inc., Senior Secured Loans, Four, Due 12/31/20262022-01-012022-09-300001512931American Community Homes, Inc., Senior Secured Loans, Five, Due 12/31/20262022-01-012022-09-300001512931American Broadband and Telecommunications Company L L C ( Revolver), Senior Secured Loans, due 6/10/20252022-01-012022-09-300001512931American Broadband and Telecommunications Company L L C, Equity Securities, Warrants2022-01-012022-09-300001512931American Broadband and Telecommunications Company L L C ( Delayed Draw), Senior Secured Loans, due 6/10/20252022-01-012022-09-300001512931Ad Theorent Holding Company, Inc. Equity Securities, common stock2022-01-012022-09-300001512931Toojay’s Management L L C, Senior Secured Loans, Two, due 10/26/2022us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-01-012021-12-310001512931Toojay’s Management L L C, Senior Secured Loans, One, due 10/26/2022us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-01-012021-12-310001512931Toojay’s Management L L C ( Revolver), Senior Secured Loans, due 10/26/2022us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-01-012021-12-310001512931Star Compliance Mid Co, L L C, Senior Secured Loans, Two, due 1/12/2027us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-01-012021-12-310001512931Star Compliance Mid Co, L L C, Senior Secured Loans, One, due 1/12/2027us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-01-012021-12-310001512931Star Compliance Mid Co, L L C, ( Revolver), Senior Secured Loans, due 1/12/2027us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-01-012021-12-310001512931M V Receivables I I, L L C ( Delayed Draw), Senior Secured Loans, due 7/29/2026us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-01-012021-12-310001512931Magneto & Diesel Acquisition, Inc, Senior Secured Loans, Two, due 12/8/2023us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-01-012021-12-310001512931Magneto & Diesel Acquisition, Inc, Senior Secured Loans, Three, due 12/8/2023us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-01-012021-12-310001512931Magneto & Diesel Acquisition, Inc, Senior Secured Loans, One, due 12/18/2023us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-01-012021-12-310001512931Magneto & Diesel Acquisition, Inc. ( Revolver), Senior Secured Loans, due 12/8/2023us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-01-012021-12-310001512931L X/ J T Intermediate Holdings, Inc., Senior Secured Loans, due 3/11/2025us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-01-012021-12-310001512931L X/ J T Intermediate Holdings, Inc. ( Revolver), Senior Secured Loans, due 3/11/2025us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-01-012021-12-310001512931L V F Holdings, Inc., Senior Secured Loans, Two, due 6/10/2027us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-01-012021-12-310001512931L V F Holdings, Inc., Senior Secured Loans, One, due 6/10/2027us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-01-012021-12-310001512931L V F Holdings, Inc., Senior Secured Loans, ( Delayed Draw) due 6/10/2027us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-01-012021-12-310001512931L V F Holdings, Inc. ( Revolver), Senior Secured Loans, due 6/10/2027us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-01-012021-12-310001512931Lifted Trucks Holdings, L L C, Senior Secured Loans, due 8/2/2027us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-01-012021-12-310001512931Lifted Trucks Holdings, L L C ( Revolver), Senior Secured Loans, due 8/2/2027us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-01-012021-12-310001512931Lifted Trucks Holdings, L L C ( Delayed Draw), Senior Secured Loans, due 8/2/2027us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-01-012021-12-310001512931Hastings Manufacturing Company, Senior Secured Loans, due 4/24/2023us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-01-012021-12-310001512931Born To Run, L L C, Senior Secured Loans, due 4/1/2027us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-01-012021-12-310001512931Born To Run, L L C ( Delayed Draw) Senior Secured Loans, due 4/1/2027us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-01-012021-12-310001512931Xan Edu Publishing, Inc, Equity Securities, Class A units2021-01-012021-12-310001512931Xan Edu Publishing, Inc., Senior Secured Loans, due, 1/28/20252021-01-012021-12-310001512931Xan Edu Publishing, Inc. ( Revolver), Senior Secured Loans, due, 1/28/20252021-01-012021-12-310001512931Witkoff/ Monroe 700 J V L L C, Equity Securities, Preferred units2021-01-012021-12-310001512931Witkoff/ Monroe 700 J V L L C ( Delayed Draw), Junior Secured Loans, due 7/2/20262021-01-012021-12-310001512931WillowTree, LLC, Unitranche Secured Loans, due 10/9/20232021-01-012021-12-310001512931W3 Monroe R E Debt L L C, Senior Secured Loans, due 2/4/20282021-01-012021-12-310001512931V P S Holdings, L L C, Senior Secured Loans, Two, due 10/4/20242021-01-012021-12-310001512931V P S Holdings, L L C, Senior Secured Loans, One, due 10/4/20242021-01-012021-12-310001512931V P S Holdings, L L C ( Revolver), Senior Secured Loans, due 10/4/20242021-01-012021-12-310001512931Vinci Brands L L C, Unitranche Secured Loans, Two, due 2/6/20242021-01-012021-12-310001512931Vinci Brands L L C, Unitranche Secured Loans, Three, due 2/6/20242021-01-012021-12-310001512931Vinci Brands L L C, Unitranche Secured Loans, One, due 2/6/20242021-01-012021-12-310001512931Vinci Brands L L C, Unitranche Secured Loans, Four, due 2/6/20242021-01-012021-12-310001512931Vice Group Holding Inc., Senior Secured Loans, Two, due 11/2/20222021-01-012021-12-310001512931Vice Group Holding Inc., Senior Secured Loans, Three, due 11/2/20222021-01-012021-12-310001512931Vice Group Holding Inc., Senior Secured Loans, One, due 11/2/20222021-01-012021-12-310001512931Vice Group Holding Inc., Senior Secured Loans, Four, due, 11/2/20222021-01-012021-12-310001512931V H T Solutions, Senior Secured Loans, due 12/21/20262021-01-012021-12-310001512931V H T Solutions ( Revolver), Senior Secured Loans, due 12/21/20262021-01-012021-12-310001512931V H T Solutions ( Delayed Draw), Senior Secured Loans, due 12/21/20262021-01-012021-12-310001512931V B E1, L L C ( Delayed Draw), Unitranche Secured Loans, due 11/18/20262021-01-012021-12-310001512931Valudor Products L L C, Senior Secured Loans, Two, due 6/19/20232021-01-012021-12-310001512931Valudor Products L L C, Senior Secured Loans, Three, due 6/19/20232021-01-012021-12-310001512931Valudor Products L L C, Senior Secured Loans, One, due 6/19/2023,2021-01-012021-12-310001512931Valudor Products L L C ( Revolver), Senior Secured Loans, due 6/19/20232021-01-012021-12-310001512931Valudor Products L L C , Equity Securities, Class A-1 units2021-01-012021-12-310001512931T J Management Hold Co L L C ( Revolver), Senior Secured Loans, Due 6/28/20242021-01-012021-12-310001512931T J Management Hold Co L L C, Equity Securities, Common stock2021-01-012021-12-310001512931Thrasio, L L C, Senior Secured Loans, due 12/18/20262021-01-012021-12-310001512931The Kyjen Company, L L C, Senior Secured Loans, due 4/3/20262021-01-012021-12-310001512931The Kyjen Company, L L C ( Revolver), Senior Secured Loans, due 4/3/20262021-01-012021-12-310001512931T C F I I I O W L Buyer L L C, Senior Secured Loans, Two, due 4/17/20262021-01-012021-12-310001512931T C F I I I O W L Buyer L L C, Senior Secured Loans, Three, due 4/17/20262021-01-012021-12-310001512931T C F I I I O W L Buyer L L C, Senior Secured Loans, One, due 4/17/20262021-01-012021-12-310001512931Synergy Environmental Corporation, Senior Secured Loans, Two, due 9/29/20232021-01-012021-12-310001512931Synergy Environmental Corporation, Senior Secured Loans, Three, due 9/29/20232021-01-012021-12-310001512931Synergy Environmental Corporation, Senior Secured Loans, One, due 9/29/20232021-01-012021-12-310001512931Synergy Environmental Corporation ( Revolver), Senior Secured Loans, due 9/29/20232021-01-012021-12-310001512931Storm Trap, L L C, Senior Secured Loans, due 12/8/20232021-01-012021-12-310001512931Storm Trap, L L C ( Revolver), Senior Secured Loans, due 12/8/20232021-01-012021-12-310001512931Spherix Global Inc, Equity Securities, Class A units2021-01-012021-12-310001512931Spherix Global Inc. , Senior Secured Loans, due, 12/22/20262021-01-012021-12-310001512931Spherix Global Inc. ( Revolver), Senior Secured Loans, due, 12/22/20262021-01-012021-12-310001512931Service Max, Inc., Senior Secured Loans, due 11/1/20272021-01-012021-12-310001512931Service Max, Inc. ( Revolver) , Senior Secured Loans, due 11/1/20272021-01-012021-12-310001512931Seran Bio Science, L L C, Senior Secured Loans, Due 12/31/20252021-01-012021-12-310001512931Seran Bio Science, L L C (Revolver), Senior Secured Loans, Due 12/31/20252021-01-012021-12-310001512931Seran Bio Science, L L C, Equity Securities, common units2021-01-012021-12-310001512931Security Services Acquisition Sub Corp., Senior Secured Loans, Two, due 9/30/20262021-01-012021-12-310001512931Security Services Acquisition Sub Corp., Senior Secured Loans, Three, due 9/30/20262021-01-012021-12-310001512931Security Services Acquisition Sub Corp., Senior Secured Loans, One, due 9/30/20262021-01-012021-12-310001512931Security Services Acquisition Sub Corp., Senior Secured Loans, Four, due 9/30/20262021-01-012021-12-310001512931Security Services Acquisition Sub Corp., Senior Secured Loans, Five, due 9/30/20262021-01-012021-12-310001512931Second Avenue S F R Holdings I I L L C ( Revolver), Senior Secured Loans, Due 8/9/20242021-01-012021-12-310001512931Second Avenue S F R Holdings I I L L C, Junior Secured Loans, Due 7/28/20282021-01-012021-12-310001512931Second Avenue S F R Holdings I I L L C, Equity Securities2021-01-012021-12-310001512931Rockdale Blackhawk, L L C, Senior Secured Loans, no stated maturity2021-01-012021-12-310001512931Relevate Health Group, L L C, Senior Secured Loans, due, 11/20/20252021-01-012021-12-310001512931Relevate Health Group, L L C ( Revolver), Senior Secured Loans, due, 11/20/20252021-01-012021-12-310001512931Relevate Health Group, L L C, Equity Securities, preferred units2021-01-012021-12-310001512931Relevate Health Group, L L C, Equity Securities, Class B common units2021-01-012021-12-310001512931Relevate Health Group, L L C ( Delayed Draw), Senior Secured Loans, due, 11/20/20252021-01-012021-12-310001512931Relativity O D A L L C, Senior Secured Loans, due 5/12/20272021-01-012021-12-310001512931Relativity O D A L L C ( Revolver), Senior Secured Loans, due 5/12/20272021-01-012021-12-310001512931Red Zone Robotics, Inc., Senior Secured Loans, due 6/5/20232021-01-012021-12-310001512931Red Zone Robotics, Inc. ( Revolver) , Senior Secured Loans, due 6/5/20232021-01-012021-12-310001512931Recycled Plastics Industries, L L C, Senior Secured Loans, due 8/4/20262021-01-012021-12-310001512931Recycled Plastics Industries, L L C ( Revolver), Senior Secured Loans, due 8/4/20262021-01-012021-12-310001512931Recorded Future, Inc, Equity Securities, Class A units2021-01-012021-12-310001512931Quest Resource Management Group, L L C, Senior Secured Loans, Two, due 10/20/20252021-01-012021-12-310001512931Quest Resource Management Group, L L C, Senior Secured Loans, Three, due 10/20/20252021-01-012021-12-310001512931Quest Resource Management Group, L L C, Senior Secured Loans, One, due 10/20/20252021-01-012021-12-310001512931Quest Resource Management Group, L L C, Equity Securities, One, Warrants2021-01-012021-12-310001512931Quest Resource Management Group, L L C, Equity Securites, Two, Warrants2021-01-012021-12-310001512931Quest Resource Management Group, L L C ( Delayed Draw), Senior Secured Loans, due 10/20/20252021-01-012021-12-310001512931Priority Ambulance, L L C, Unitranche Secured Loans, Two, due 4/12/20222021-01-012021-12-310001512931Priority Ambulance, L L C, Unitranche Secured Loans, Three, due 4/12/20222021-01-012021-12-310001512931Priority Ambulance, L L C, Unitranche Secured Loans, One, due 4/12/20222021-01-012021-12-310001512931Priority Ambulance, L L C, Unitranche Secured Loans, Four, due 4/12/20222021-01-012021-12-310001512931Planful, Inc, Equity Securities, Class A units2021-01-012021-12-310001512931Planful, Inc., Senior Secured Loans, Two, due 12/30/20242021-01-012021-12-310001512931Planful, Inc., Senior Secured Loans, One, due 12/30/20242021-01-012021-12-310001512931Planful, Inc. ( Revolver), Senior Secured Loans, due 12/30/20242021-01-012021-12-310001512931P K S Holdings, L L C, Equity Securities, Two, Preferred units2021-01-012021-12-310001512931P K S Holdings, L L C, Equity Securities, Three, Preferred units2021-01-012021-12-310001512931P K S Holdings, L L C, Equity Securities, One, Preferred units2021-01-012021-12-310001512931P K S Holdings, L L C, Equity Securities, Four, Preferred units2021-01-012021-12-310001512931Onit, Inc., Unitranche Secured Loans, due 5/2/20252021-01-012021-12-310001512931Oceana Australian Fixed Income Trust, Senior Secured Loans, Two, due 2/25/20262021-01-012021-12-310001512931Oceana Australian Fixed Income Trust, Senior Secured Loans, One, due 6/29/20262021-01-012021-12-310001512931North Haven U S H C Acquisition, Inc., Senior Secured Loans, due, Two, 10/30/20252021-01-012021-12-310001512931North Haven U S H C Acquisition, Inc., Senior Secured Loans, due, One, 10/30/20252021-01-012021-12-310001512931North Haven U S H C Acquisition, Inc. ( Revolver), Senior Secured Loans, due, 10/30/20252021-01-012021-12-310001512931North Haven U S H C Acquisition, Inc. ( Delayed Draw), Senior Secured Loans, due, 10/30/20252021-01-012021-12-310001512931Newforma, Inc., Senior Secured Loans, due 6/30/20222021-01-012021-12-310001512931Newforma, Inc. ( Revolver), Senior Secured Loans, due 6/30/20222021-01-012021-12-310001512931N E C B Collections, L L C ( Revolver), Senior Secured Loans2021-01-012021-12-310001512931N E C B Collections, L L C, Equity Securities2021-01-012021-12-310001512931Nearly Natural, Inc, Equity Securities, Two, Class A A units2021-01-012021-12-310001512931Nearly Natural, Inc, Equity Securities, One, Class A units2021-01-012021-12-310001512931Nearly Natural, Inc., Senior Secured loans, Two, due 12/15/20222021-01-012021-12-310001512931Nearly Natural, Inc., Senior Secured loans, Three, due 12/15/20222021-01-012021-12-310001512931Nearly Natural, Inc., Senior Secured loans, One, due 12/15/20222021-01-012021-12-310001512931Nearly Natural, Inc., Senior Secured loans, Four, due 12/15/20222021-01-012021-12-310001512931Nearly Natural, Inc.( Revolver), Senior Secured loans, due 12/15/20222021-01-012021-12-310001512931N C B P Property, L L C, Senior Secured Loans, due 12/16/20222021-01-012021-12-310001512931Nations Benefits, L L C, Senior Secured Loans, due 8/20/20262021-01-012021-12-310001512931Nations Benefits, L L C ( Revolver), Senior Secured Loans, due 8/20/20262021-01-012021-12-310001512931Nations Benefits, L L C, Equity Securities, Two, common units2021-01-012021-12-310001512931Nations Benefits, L L C, Equity Securities, Three, Series A units2021-01-012021-12-310001512931M V Receivables I I, L L C, Equity Securities, Due 7/28/2031, Warrants2021-01-012021-12-310001512931M V Receivables I I, L L C, Equity Securities, Common units2021-01-012021-12-310001512931M R C C Senior Loan Fund I, L L C, Equity Securities2021-01-012021-12-310001512931Money Lion, Inc., Junior Secured Loans, due 3/24/20262021-01-012021-12-310001512931Mnine Holdings, Inc., Senior Secured Loans Due 12/30/20222021-01-012021-12-310001512931Mnine Holdings, Inc., Equity Securities, Class B units2021-01-012021-12-310001512931Mindbody, Inc., Senior Secured Loans, Two, due 2/14/20252021-01-012021-12-310001512931Mindbody, Inc., Senior Secured Loans, One, due 2/14/20252021-01-012021-12-310001512931Mindbody, Inc. ( Revolver) (f), Senior Secured Loans, due 2/14/20252021-01-012021-12-310001512931M F G Chemical, L L C, Unitranche Secured Loans, Two, Due 6/23/20222021-01-012021-12-310001512931M F G Chemical, L L C, Unitranche Secured Loans, One, Due 6/23/20222021-01-012021-12-310001512931M C P Shaw Acquisitionco, L L C, Senior Secured Loans, Two, due 11/28/20252021-01-012021-12-310001512931M C P Shaw Acquisitionco, L L C, Senior Secured Loans, One, due 11/28/20252021-01-012021-12-310001512931M C P Shaw Acquisitionco, L L C ( Revolver), Senior Secured Loans, due 11/28/20252021-01-012021-12-310001512931M C P Shaw Acquisitionco, L L C , Equity Securities, Class A-2 units2021-01-012021-12-310001512931M C P Shaw Acquisitionco, L L C ( Delayed Draw), Senior Secured Loans, due 11/28/20252021-01-012021-12-310001512931M C Asset Management ( Corporate), L L C, Senior Secured Loans Due 1/26/20242021-01-012021-12-310001512931M C Asset Management ( Corporate), L L C, Equity Securites2021-01-012021-12-310001512931M C Asset Management ( Corporate), L L C ( Delayed Draw), Senior Secured Loans Due 1/26/20242021-01-012021-12-310001512931Mark Logic Corporation, Senior Secured Loans, Two, due 10/20/20252021-01-012021-12-310001512931Mark Logic Corporation, Senior Secured Loans, One, due 10/20/20252021-01-012021-12-310001512931Mark Logic Corporation ( Revolver), Senior Secured Loans, due 10/20/20252021-01-012021-12-310001512931Mark Logic Corporation, Equity Securities, Class A units2021-01-012021-12-310001512931MarkLogic Corporation (Delayed Draw), Senior Secured Loans 10/20/20252021-01-012021-12-310001512931Mammoth Holdings, L L C, Senior Secured Loans, Two, due 10/16/20232021-01-012021-12-310001512931Mammoth Holdings, L L C, Senior Secured Loans, Three, due 10/16/20232021-01-012021-12-310001512931Mammoth Holdings, L L C, Senior Secured Loans, One, due 10/16/20232021-01-012021-12-310001512931Mammoth Holdings, L L C ( Revolver), Senior Secured Loans, due 10/16/20232021-01-012021-12-310001512931Mammoth Holdings, L L C ( Delayed Draw), Senior Secured Loans, due 10/16/20232021-01-012021-12-310001512931Luxury Optical Holdings Co., Equity Securities2021-01-012021-12-310001512931Liftforward S P V I I, L L C, Senior Secured Loans, due 9/30/20222021-01-012021-12-310001512931Lifted Trucks Holdings, L L C, Equity Securities, Class A units2021-01-012021-12-310001512931J2 B W A Funding L L C, Equity Securities2021-01-012021-12-310001512931J2 B W A Funding L L C ( Delayed Draw), Senior Secured Loans, due 12/24/20262021-01-012021-12-310001512931I T Global Holding L L C, Senior Secured Loans, Two, due 11/10/20232021-01-012021-12-310001512931I T Global Holding L L C, Senior Secured Loans, One, due 11/10/20232021-01-012021-12-310001512931I T Global Holding L L C ( Revolver), Senior Secured Loans, due 11/10/20232021-01-012021-12-310001512931In Mobi Pte, Ltd, Media: Equity Securities, due 9/18/20252021-01-012021-12-310001512931I N H Buyer, Inc., Senior Secured Loans, due 6/28/20282021-01-012021-12-310001512931Independence Buyer, Inc, Senior Secured Loans, due 8/3/20262021-01-012021-12-310001512931Independence Buyer, Inc. ( Revolver), Senior Secured Loans, due 8/3/20262021-01-012021-12-310001512931Independence Buyer, Inc., Equity Securities, Class A units2021-01-012021-12-310001512931I D I G Parent, L L C, Senior Secured Loans, Two, due 12/15/20262021-01-012021-12-310001512931I D I G Parent, L L C, Senior Secured Loans, One, due 12/15/20262021-01-012021-12-310001512931I D I G Parent, L L C ( Revolver), Senior Secured Loans, due 12/15/20262021-01-012021-12-310001512931I D I G Parent, L L C, Equity Securities, Common stock2021-01-012021-12-310001512931H S4 Acquisitionco, Inc., Senior Secured Loans, due 7/9/20252021-01-012021-12-310001512931H S4 Acquisitionco, Inc. ( Revolver), Senior Secured Loans, due 7/9/20252021-01-012021-12-310001512931H F Z Capital Group L L C, Senior Secured Loans , Two2021-01-012021-12-310001512931H F Z Capital Group L L C, Senior Secured Loans, One2021-01-012021-12-310001512931Forman Mills, Inc, Equity Securities, Warrants2021-01-012021-12-310001512931Forman Mills, Inc., Senior Secured Loans, Two, due 12/30/20222021-01-012021-12-310001512931Forman Mills, Inc., Senior Secured Loans, Three, due 12/30/20222021-01-012021-12-310001512931Forman Mills, Inc., Senior Secured Loans, One, due 12/30/20222021-01-012021-12-310001512931Florida East Coast Industries, L L C, Senior Secured Loans, due 6/28/20242021-01-012021-12-310001512931Florida East Coast Industries, L L C, Junior Secured Loans, due 6/28/20242021-01-012021-12-310001512931Familia Dental Group Holdings, L L C, Equity Securities, Class A units2021-01-012021-12-310001512931Express Wash Acquisition Company, L L C, Senior Secured Loans, Two, due 12/26/20252021-01-012021-12-310001512931Express Wash Acquisition Company, L L C, Senior Secured Loans, Three, due 12/26/20252021-01-012021-12-310001512931Express Wash Acquisition Company, L L C, Senior Secured Loans, One, due 12/26/20252021-01-012021-12-310001512931Express Wash Acquisition Company, L L C ( Revolver), Senior Secured Loans, due 12/26/20252021-01-012021-12-310001512931Express Wash Acquisition Company, L L C, Equity Securities, Class A units2021-01-012021-12-310001512931Express Wash Acquisition Company, L L C ( Delayed Draw), Senior Secured Loans, Four, due 12/26/20252021-01-012021-12-310001512931Equine Network, L L C, Senior Secured Loans, Two, due 12/13/20252021-01-012021-12-310001512931Equine Network, L L C, Senior Secured Loans, One, due 12/13/20252021-01-012021-12-310001512931Equine Network, L L C ( Revolver) , Senior Secured Loans, due 12/13/20252021-01-012021-12-310001512931Equine Network, L L C, Equity Securities, Class A units2021-01-012021-12-310001512931Equine Network, L L C ( Delayed Draw), Senior Secured Loans, due 12/13/20252021-01-012021-12-310001512931Energy Services Group, L L C, Unitranche Secured Loans, Two, Due 5/4/20222021-01-012021-12-310001512931Energy Services Group, L L C, Unitranche Secured Loans, Three, Due 5/4/20222021-01-012021-12-310001512931Energy Services Group, L L C, Unitranche Secured Loans, One, Due 5/4/20222021-01-012021-12-310001512931Education Corporation of America, Junior Secured Loans2021-01-012021-12-310001512931Education Corporation of America, Equity Securities, Series G Preferred Stock2021-01-012021-12-310001512931Dorado Acquisition, Inc, Equity Securities, Two, Class A-2 units2021-01-012021-12-310001512931Dorado Acquisition, Inc, Equity Securities, One, Class A-1 units2021-01-012021-12-310001512931Dorado Acquisition, Inc., Senior Secured Loans, due 6/30/20262021-01-012021-12-310001512931Dorado Acquisition, Inc. ( Revolver) , Senior Secured Loans, due 6/30/20262021-01-012021-12-310001512931Dorado Acquisition, Inc. ( Delayed Draw) , Senior Secured Loans, due 6/30/20262021-01-012021-12-310001512931Destination Media, Inc., Senior Secured Loans, due 4/7/20222021-01-012021-12-310001512931Destination Media, Inc. ( Revolver), Senior Secured Loans, due 4/7/20222021-01-012021-12-310001512931Curion Holdings, L L C, Senior Secured Loans, Due 8/31/20222021-01-012021-12-310001512931Curion Holdings, L L C ( Revolver), Senior Secured Loans, Due 8/31/20222021-01-012021-12-310001512931Curion Holdings, L L C, Junior Secured Loans, Two, Due 1/2/20232021-01-012021-12-310001512931Curion Holdings, L L C, Junior Secured Loans, One, Due 1/2/20232021-01-012021-12-310001512931Curion Holdings, L L C, Equity Securities, Common stock2021-01-012021-12-310001512931Crownpeak Technology, Inc., Senior Secured Loans, Two, due 2/28/20242021-01-012021-12-310001512931Crownpeak Technology, Inc., Senior Secured Loans, One, due 2/28/20242021-01-012021-12-310001512931Crownpeak Technology, Inc. ( Revolver), Senior Secured Loans, due 2/28/20242021-01-012021-12-310001512931Chess.com, L L C, Senior Secured Loans, due 12/31/20272021-01-012021-12-310001512931Chess.com, L L C ( Revolver), Senior Secured Loans, due 12/31/20272021-01-012021-12-310001512931Chess.com, L L C, Equity Securities, Class A units2021-01-012021-12-310001512931Certify, Inc, Senior Secured Loans, Two, due 2/28/20242021-01-012021-12-310001512931Certify, Inc, Senior Secured Loans, One, due 2/28/20242021-01-012021-12-310001512931Certify, Inc. (Revolver), Senior Secured Loans, due 2/28/20242021-01-012021-12-310001512931Cassavant Holdings, L L C, Unitranche Secured Loans, due 9/8/20262021-01-012021-12-310001512931Caravel Autism Health, L L C, Senior Secured Loans, due 6/30/20272021-01-012021-12-310001512931Caravel Autism Health, L L C ( Revolver), Senior Secured Loans, due 6/30/20272021-01-012021-12-310001512931Caravel Autism Health, L L C ( Delayed Draw), Senior Secured Loans, due 6/30/20272021-01-012021-12-310001512931California Pizza Kitchen, Inc., Equity Securities, Common units2021-01-012021-12-310001512931Calabrio, Inc., Senior Secured Loans, due 4/16/20272021-01-012021-12-310001512931Calabrio, Inc. ( Revolver), Senior Secured Loans, due 4/16/20272021-01-012021-12-310001512931Burroughs, Inc., Senior Secured Loans, due 12/22/20222021-01-012021-12-310001512931Burroughs, Inc. ( Revolver), Senior Secured Loans, due 12/22/20222021-01-012021-12-310001512931Brightly Software Holdings, Inc. (fka Dude Solutions Holdings, Inc.), Senior Secured Loans, ( Revolver), due 6/13/20252021-01-012021-12-310001512931Brightly Software Holdings, Inc. (fka Dude Solutions Holdings, Inc.), Senior Secured Loans, due 6/13/20252021-01-012021-12-310001512931Brickell Bay Acquisition Corp, Senior Secured Loans, due 2/12/20262021-01-012021-12-310001512931Brickell Bay Acquisition Corp. ( Delayed Draw), Senior Secured Loans, due 2/12/20262021-01-012021-12-310001512931Born To Run, L L C, Equity Securities, Class A units2021-01-012021-12-310001512931Bonterra, L L C (fka Cybergrants Holdings), Senior Secured Loans, due 9/8/20272021-01-012021-12-310001512931Bonterra, L L C (fka Cybergrants Holdings) ( Revolver), Senior Secured Loans, due 9/8/20272021-01-012021-12-310001512931Bonterra, L L C (fka Cybergrants Holdings) ( Delayed Draw) , Senior Secured Loans, due 9/8/20272021-01-012021-12-310001512931B L S T Operating Company, L L C, Senior Secured Loans, due 8/28/20252021-01-012021-12-310001512931B L S T Operating Company, L L C, Equity Securities, Class A units2021-01-012021-12-310001512931Attom Intermediate Holdco, L L C, Senior Secured Loans, Two, due 1/4/20242021-01-012021-12-310001512931Attom Intermediate Holdco, L L C, Senior Secured Loans, Three, due 1/4/20242021-01-012021-12-310001512931Attom Intermediate Holdco, L L C, Senior Secured Loans, One, due 1/4/20242021-01-012021-12-310001512931Attom Intermediate Holdco, L L C ( Revolver), Senior Secured Loans, due 1/4/20242021-01-012021-12-310001512931Attom Intermediate Holdco, L L C, Equity Securities, Class A units2021-01-012021-12-310001512931Ascent Midco, L L C, Senior Secured Loans Due 2/5/20252021-01-012021-12-310001512931Ascent Midco, L L C ( Revolver), Senior Secured Loans Due 2/5/20252021-01-012021-12-310001512931Ascent Midco, L L C, Equity Securities, Class A units2021-01-012021-12-310001512931Arcstor Midco, L L C, Senior Secured Loans, due 3/16/20272021-01-012021-12-310001512931Aras Corporation, Senior Secured Loans, due 4/13/20272021-01-012021-12-310001512931Aras Corporation ( Revolver), Senior Secured Loans, due 4/13/20272021-01-012021-12-310001512931Apotheco, L L C, Senior Secured Loans, due 4/8/20242021-01-012021-12-310001512931Apotheco, L L C ( Revolver), Senior Secured Loans, due 4/8/20242021-01-012021-12-310001512931A P C O Worldwide, Inc, Equity Securities, Class A voting common stock2021-01-012021-12-310001512931American Community Homes, Inc., Senior Secured Loans, Two, Due 3/31/20222021-01-012021-12-310001512931American Community Homes, Inc., Senior Secured Loans, Three, Due 3/31/20222021-01-012021-12-310001512931American Community Homes, Inc., Senior Secured Loans, Six, Due 3/31/20222021-01-012021-12-310001512931American Community Homes, Inc., Senior Secured Loans, Seven, Due 3/31/20222021-01-012021-12-310001512931American Community Homes, Inc., Senior Secured Loans, One, Due 3/31/20222021-01-012021-12-310001512931American Community Homes, Inc., Senior Secured Loans, Four, Due 3/31/20222021-01-012021-12-310001512931American Community Homes, Inc., Senior Secured Loans, Five, Due 3/31/20222021-01-012021-12-310001512931American Community Homes, Inc., Equity Securities Due 12/18/2024, Warrants2021-01-012021-12-310001512931Ad Theorent Holding Company, Inc. Equity Securities, common stock2021-01-012021-12-310001512931mrcc:SFRHoldcoLLCMember2022-01-012022-09-300001512931mrcc:HFZCapitalGroupLLCMCAssetManagementCorporateLLCandMCAssetManagementIndustrialLLCMember2022-01-012022-09-300001512931T J Management Hold Co L L C ( Revolver), Senior Secured Loans, Due 6/28/20242022-01-012022-09-300001512931SFR Holdco, LLC (Junior secured loan)2022-01-012022-09-300001512931Second Avenue SFR Holdings II LLC (Delayed Draw) Loan2022-01-012022-09-300001512931Mnine Holdings Inc. (Revolver)2022-01-012022-09-300001512931Ascent Midco, L L C ( Revolver), Senior Secured Loans Due 2/5/20252022-01-012022-09-300001512931American Community Homes, Inc. ( Revolver), Senior Secured Loans Due 12/31/20262022-01-012022-09-300001512931mrcc:SecondAvenueSFRHoldingsIILLCMember2021-01-012021-09-300001512931T J Management Hold Co L L C ( Revolver), Senior Secured Loans, Due 6/28/20242021-01-012021-09-300001512931Second Avenue S F R Holdings I I L L C ( Revolver), Senior Secured Loans, Due 8/9/20242021-01-012021-09-300001512931Second Avenue SFR Holdings II LLC (Delayed Draw) Loan2021-01-012021-09-300001512931Ascent Midco, L L C ( Revolver), Senior Secured Loans Due 2/5/20252021-01-012021-09-300001512931Ascent Midco, L L C, ( Delayed Draw) Loan2021-01-012021-09-300001512931mrcc:SeniorUnsecuredNotes2026Member2022-07-012022-09-300001512931mrcc:SeniorUnsecuredNotes2026Member2022-01-012022-09-300001512931mrcc:SbaDebenturesMember2022-01-012022-09-300001512931mrcc:SeniorUnsecuredNotes2026Member2021-07-012021-09-300001512931mrcc:SbaDebenturesMember2021-07-012021-09-300001512931mrcc:SeniorUnsecuredNotes2026Member2021-01-012021-09-300001512931mrcc:SeniorUnsecuredNotes2023Member2021-01-012021-09-300001512931mrcc:SbaDebenturesMember2021-01-012021-09-300001512931mrcc:SeniorLoanFundILlcMember2022-07-012022-09-300001512931mrcc:SeniorLoanFundILlcMember2022-01-012022-09-300001512931mrcc:SeniorLoanFundILlcMember2021-07-012021-09-300001512931mrcc:SeniorLoanFundILlcMember2021-01-012021-09-3000015129312022-03-012022-03-010001512931us-gaap:RevolvingCreditFacilityMember2022-07-012022-09-300001512931us-gaap:RevolvingCreditFacilityMember2021-07-012021-09-300001512931us-gaap:RevolvingCreditFacilityMember2021-01-012021-09-300001512931us-gaap:UnitrancheDebtMember2022-06-300001512931us-gaap:SeniorLoansMember2022-06-300001512931us-gaap:JuniorLoansMember2022-06-300001512931us-gaap:EquitySecuritiesMember2022-06-3000015129312022-06-300001512931us-gaap:UnitrancheDebtMember2021-09-300001512931us-gaap:SeniorLoansMember2021-09-300001512931us-gaap:JuniorLoansMember2021-09-300001512931us-gaap:EquitySecuritiesMember2021-09-300001512931us-gaap:UnitrancheDebtMember2021-06-300001512931us-gaap:SeniorLoansMember2021-06-300001512931us-gaap:JuniorLoansMember2021-06-300001512931us-gaap:EquitySecuritiesMember2021-06-3000015129312021-06-300001512931us-gaap:UnitrancheDebtMember2020-12-310001512931us-gaap:SeniorLoansMember2020-12-310001512931us-gaap:JuniorLoansMember2020-12-310001512931us-gaap:EquitySecuritiesMember2020-12-310001512931mrcc:SbaDebenturesMembermrcc:MonroeCapitalCorporationSbicLpMember2022-03-012022-03-010001512931mrcc:HfzCapitalGroupLlcMember2020-12-310001512931us-gaap:AccountsPayableAndAccruedLiabilitiesMembermrcc:MonroeCapitalManagementAdvisorsLlcMember2022-09-300001512931us-gaap:AccountsPayableAndAccruedLiabilitiesMembermrcc:MonroeCapitalManagementAdvisorsLlcMember2021-12-310001512931mrcc:MrccSeniorLoanFundILlcMember2022-07-012022-09-300001512931mrcc:MrccSeniorLoanFundILlcMember2021-07-012021-09-300001512931mrcc:MrccSeniorLoanFundILlcMember2021-01-012021-09-300001512931Foreign currency forward contract with settlement date 9/18/20232022-01-012022-09-300001512931Foreign currency forward contract with settlement date 8/16/20232022-01-012022-09-300001512931Foreign currency forward contract with settlement date 7/18/20232022-01-012022-09-300001512931Foreign currency forward contract with settlement date 6/19/20232022-01-012022-09-300001512931Foreign currency forward contract with settlement date 5/16/20232022-01-012022-09-300001512931Foreign currency forward contract with settlement date 4/20/20232022-01-012022-09-300001512931Foreign currency forward contract with settlement date 3/18/20242022-01-012022-09-300001512931Foreign currency forward contract with settlement date 3/16/20232022-01-012022-09-300001512931Foreign currency forward contract with settlement date 2/16/20242022-01-012022-09-300001512931Foreign currency forward contract with settlement date 2/16/20232022-01-012022-09-300001512931Foreign currency forward contract with settlement date 12/18/20232022-01-012022-09-300001512931Foreign currency forward contract with settlement date 12/16/20222022-01-012022-09-300001512931Foreign currency forward contract with settlement date 1/18/20232022-01-012022-09-300001512931Foreign currency forward contract with settlement date 1/17/20242022-01-012022-09-300001512931Foreign currency forward contract with settlement date 11/16/20232022-01-012022-09-300001512931Foreign currency forward contract with settlement date 11/16/20222022-01-012022-09-300001512931Foreign currency forward contract with settlement date 10/19/20222022-01-012022-09-300001512931Foreign currency forward contract with settlement date 10/18/20232022-01-012022-09-300001512931Foreign currency forward contract with settlement date 9/18/20232021-01-012021-12-310001512931Foreign currency forward contract with settlement date 9/16/20222021-01-012021-12-310001512931Foreign currency forward contract with settlement date 8/16/20232021-01-012021-12-310001512931Foreign currency forward contract with settlement date 8/16/20222021-01-012021-12-310001512931Foreign currency forward contract with settlement date 7/18/20232021-01-012021-12-310001512931Foreign currency forward contract with settlement date 7/18/20222021-01-012021-12-310001512931Foreign currency forward contract with settlement date 6/19/20232021-01-012021-12-310001512931Foreign currency forward contract with settlement date 6/17/20222021-01-012021-12-310001512931Foreign currency forward contract with settlement date 5/6/20222021-01-012021-12-310001512931Foreign currency forward contract with settlement date 5/17/20222021-01-012021-12-310001512931Foreign currency forward contract with settlement date 5/16/20232021-01-012021-12-310001512931Foreign currency forward contract with settlement date 4/4/20222021-01-012021-12-310001512931Foreign currency forward contract with settlement date 4/20/20232021-01-012021-12-310001512931Foreign currency forward contract with settlement date 4/19/20222021-01-012021-12-310001512931Foreign currency forward contract with settlement date 3/18/20242021-01-012021-12-310001512931Foreign currency forward contract with settlement date 3/16/20232021-01-012021-12-310001512931Foreign currency forward contract with settlement date 3/16/20222021-01-012021-12-310001512931Foreign currency forward contract with settlement date 2/16/20242021-01-012021-12-310001512931Foreign currency forward contract with settlement date 2/16/20232021-01-012021-12-310001512931Foreign currency forward contract with settlement date 2/16/20222021-01-012021-12-310001512931Foreign currency forward contract with settlement date 1/3/20222021-01-012021-12-310001512931Foreign currency forward contract with settlement date 12/18/20232021-01-012021-12-310001512931Foreign currency forward contract with settlement date 12/16/20222021-01-012021-12-310001512931Foreign currency forward contract with settlement date 1/19/20222021-01-012021-12-310001512931Foreign currency forward contract with settlement date 1/18/20232021-01-012021-12-310001512931Foreign currency forward contract with settlement date 1/17/20242021-01-012021-12-310001512931Foreign currency forward contract with settlement date 11/16/20232021-01-012021-12-310001512931Foreign currency forward contract with settlement date 11/16/20222021-01-012021-12-310001512931Foreign currency forward contract with settlement date 10/19/20222021-01-012021-12-310001512931Foreign currency forward contract with settlement date 10/18/20232021-01-012021-12-310001512931us-gaap:ForeignExchangeForwardMember2022-07-012022-09-300001512931us-gaap:ForeignExchangeForwardMember2022-01-012022-09-300001512931us-gaap:ForeignExchangeForwardMember2021-07-012021-09-300001512931us-gaap:ForeignExchangeForwardMember2021-01-012021-09-300001512931Foreign currency forward contract with settlement date 9/18/20232022-09-300001512931Foreign currency forward contract with settlement date 8/16/20232022-09-300001512931Foreign currency forward contract with settlement date 7/18/20232022-09-300001512931Foreign currency forward contract with settlement date 6/19/20232022-09-300001512931Foreign currency forward contract with settlement date 5/16/20232022-09-300001512931Foreign currency forward contract with settlement date 4/20/20232022-09-300001512931Foreign currency forward contract with settlement date 3/18/20242022-09-300001512931Foreign currency forward contract with settlement date 3/16/20232022-09-300001512931Foreign currency forward contract with settlement date 2/16/20242022-09-300001512931Foreign currency forward contract with settlement date 2/16/20232022-09-300001512931Foreign currency forward contract with settlement date 12/18/20232022-09-300001512931Foreign currency forward contract with settlement date 12/16/20222022-09-300001512931Foreign currency forward contract with settlement date 1/18/20232022-09-300001512931Foreign currency forward contract with settlement date 1/17/20242022-09-300001512931Foreign currency forward contract with settlement date 11/16/20232022-09-300001512931Foreign currency forward contract with settlement date 11/16/20222022-09-300001512931Foreign currency forward contract with settlement date 10/19/20222022-09-300001512931Foreign currency forward contract with settlement date 10/18/20232022-09-300001512931Foreign currency forward contract with settlement date 9/18/20232021-12-310001512931Foreign currency forward contract with settlement date 9/16/20222021-12-310001512931Foreign currency forward contract with settlement date 8/16/20232021-12-310001512931Foreign currency forward contract with settlement date 8/16/20222021-12-310001512931Foreign currency forward contract with settlement date 7/18/20232021-12-310001512931Foreign currency forward contract with settlement date 7/18/20222021-12-310001512931Foreign currency forward contract with settlement date 6/19/20232021-12-310001512931Foreign currency forward contract with settlement date 6/17/20222021-12-310001512931Foreign currency forward contract with settlement date 5/6/20222021-12-310001512931Foreign currency forward contract with settlement date 5/17/20222021-12-310001512931Foreign currency forward contract with settlement date 5/16/20232021-12-310001512931Foreign currency forward contract with settlement date 4/4/20222021-12-310001512931Foreign currency forward contract with settlement date 4/20/20232021-12-310001512931Foreign currency forward contract with settlement date 4/19/20222021-12-310001512931Foreign currency forward contract with settlement date 3/18/20242021-12-310001512931Foreign currency forward contract with settlement date 3/16/20232021-12-310001512931Foreign currency forward contract with settlement date 3/16/20222021-12-310001512931Foreign currency forward contract with settlement date 2/16/20242021-12-310001512931Foreign currency forward contract with settlement date 2/16/20232021-12-310001512931Foreign currency forward contract with settlement date 2/16/20222021-12-310001512931Foreign currency forward contract with settlement date 1/3/20222021-12-310001512931Foreign currency forward contract with settlement date 12/18/20232021-12-310001512931Foreign currency forward contract with settlement date 12/16/20222021-12-310001512931Foreign currency forward contract with settlement date 1/19/20222021-12-310001512931Foreign currency forward contract with settlement date 1/18/20232021-12-310001512931Foreign currency forward contract with settlement date 1/17/20242021-12-310001512931Foreign currency forward contract with settlement date 11/16/20232021-12-310001512931Foreign currency forward contract with settlement date 11/16/20222021-12-310001512931Foreign currency forward contract with settlement date 10/19/20222021-12-310001512931Foreign currency forward contract with settlement date 10/18/20232021-12-310001512931us-gaap:RevolvingCreditFacilityMember2021-12-310001512931us-gaap:RevolvingCreditFacilityMemberus-gaap:FederalFundsEffectiveSwapRateMember2022-09-300001512931mrcc:SbaDebenturesWithInterestRate3.4PercentMembermrcc:MonroeCapitalCorporationSbicLpMember2022-09-300001512931mrcc:SbaDebenturesWithInterestRate3.3PercentMembermrcc:MonroeCapitalCorporationSbicLpMember2022-09-300001512931mrcc:SbaDebenturesWithInterestRate3.2PercentMembermrcc:MonroeCapitalCorporationSbicLpMember2022-09-300001512931mrcc:SbaDebenturesWithInterestRate2.9PercentMembermrcc:MonroeCapitalCorporationSbicLpMember2022-09-300001512931mrcc:SeniorUnsecuredNotes2026Member2022-08-150001512931mrcc:SeniorUnsecuredNotes2026Member2022-02-150001512931us-gaap:RevolvingCreditFacilityMember2022-09-300001512931mrcc:SeniorUnsecuredNotes2026Member2022-09-300001512931mrcc:Notes2026Member2022-09-300001512931us-gaap:RevolvingCreditFacilityMember2021-12-310001512931mrcc:SeniorUnsecuredNotes2026Member2021-12-310001512931mrcc:SbaDebenturesPayableMember2021-12-310001512931mrcc:Notes2026Member2021-12-310001512931mrcc:MrccSeniorLoanFundILlcMembermrcc:SeniorSecuredRevolvingCreditFacilityMemberus-gaap:LondonInterbankOfferedRateLIBORMember2022-01-012022-09-300001512931us-gaap:RevolvingCreditFacilityMemberus-gaap:LondonInterbankOfferedRateLIBORMember2022-01-012022-09-300001512931us-gaap-supplement:InvestmentAffiliatedIssuerControlledMember2022-07-012022-09-300001512931us-gaap-supplement:InvestmentAffiliatedIssuerNoncontrolledMember2021-07-012021-09-300001512931us-gaap-supplement:InvestmentAffiliatedIssuerControlledMember2021-07-012021-09-300001512931us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2022-07-012022-09-300001512931us-gaap-supplement:InvestmentAffiliatedIssuerNoncontrolledMember2022-07-012022-09-300001512931us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2022-01-012022-09-300001512931us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-07-012021-09-300001512931us-gaap-supplement:InvestmentUnaffiliatedIssuerMember2021-01-012021-09-300001512931mrcc:MrccSeniorLoanFundILlcMember2022-09-300001512931mrcc:MrccSeniorLoanFundILlcMember2021-12-310001512931us-gaap:CommonStockMember2022-09-300001512931us-gaap:CommonStockMember2022-06-300001512931us-gaap:CommonStockMember2021-12-310001512931us-gaap:CommonStockMember2021-09-300001512931us-gaap:CommonStockMember2021-06-300001512931us-gaap:CommonStockMember2020-12-3100015129312020-12-3100015129312021-09-300001512931srt:DirectorMember2022-09-300001512931srt:DirectorMember2021-12-310001512931mrcc:SeniorLoanFundILlcMember2022-09-300001512931Quest Resource Management Group, L L C, Equity Securities, One, Warrants2022-09-300001512931Quest Resource Management Group, L L C, Equity Securites, Two, Warrants2022-09-300001512931M V Receivables I I, L L C, Equity Securities, Due 7/28/2031, Warrants2022-09-300001512931In Mobi Pte, Ltd, Media: Equity Securities, due 9/18/20252022-09-300001512931Forman Mills, Inc, Equity Securities, Warrants2022-09-300001512931American Broadband and Telecommunications Company L L C, Equity Securities, Warrants2022-09-300001512931Second Avenue S F R Holdings I I L L C, Equity Securities2021-12-310001512931Quest Resource Management Group, L L C, Equity Securities, One, Warrants2021-12-310001512931Quest Resource Management Group, L L C, Equity Securites, Two, Warrants2021-12-310001512931M V Receivables I I, L L C, Equity Securities, Due 7/28/2031, Warrants2021-12-310001512931M C Asset Management ( Corporate), L L C, Equity Securites2021-12-310001512931In Mobi Pte, Ltd, Media: Equity Securities, due 9/18/20252021-12-310001512931Forman Mills, Inc, Equity Securities, Warrants2021-12-310001512931American Community Homes, Inc., Equity Securities Due 12/18/2024, Warrants2021-12-310001512931Summit Container Corporation, Equity Securities, Warrants2021-09-300001512931American Community Homes, Inc., Equity Securities Due 12/18/2024, Warrants2021-09-300001512931mrcc:MonroeCapitalManagementAdvisorsLlcMember2022-07-012022-09-300001512931mrcc:MonroeCapitalManagementAdvisorsLlcMember2022-01-012022-09-300001512931mrcc:MonroeCapitalManagementAdvisorsLlcMember2021-07-012021-09-300001512931mrcc:MonroeCapitalManagementAdvisorsLlcMember2021-01-012021-09-300001512931mrcc:ToojaysNewcoMember2020-12-310001512931N E C B Collections, L L C, Equity Securities2022-09-300001512931M R C C Senior Loan Fund I, L L C, Equity Securities2022-09-300001512931M C Asset Management ( Corporate), L L C, Equity Securites2022-09-300001512931American Community Homes, Inc., Equity Securities Due 12/18/2024, Warrants2022-09-300001512931P K S Holdings, L L C, Equity Securities, One, Preferred units2021-12-310001512931N E C B Collections, L L C, Equity Securities2021-12-310001512931N E C B Collections, L L C, Equity Securities2021-09-300001512931J2 B W A Funding L L C, Equity Securities2022-09-300001512931J2 B W A Funding L L C, Equity Securities2021-12-310001512931S F R Holdco, L L C Equity Securities2022-09-300001512931M C Asset Management ( Corporate), L L C, Equity Securities2022-09-300001512931M R C C Senior Loan Fund I, L L C, Equity Securities2021-12-310001512931Second Avenue S F R Holdings I I L L C, Equity Securities2021-09-300001512931M C Asset Management ( Corporate), L L C, Equity Securities2021-09-300001512931mrcc:SeniorLoanFundILlcMember2021-12-310001512931mrcc:MrccSeniorLoanFundILlcMember2022-07-012022-09-300001512931mrcc:MrccSeniorLoanFundILlcMember2021-07-012021-09-300001512931mrcc:MrccSeniorLoanFundILlcMember2021-01-012021-09-300001512931mrcc:AtMarketMember2021-01-012021-09-300001512931mrcc:LifeInsuranceCompanyOfSouthwestMember2022-01-012022-09-300001512931mrcc:MrccSeniorLoanFundILlcMember2022-01-012022-09-300001512931mrcc:MrccSeniorLoanFundILlcMember2021-01-012021-12-310001512931mrcc:MrccSeniorLoanFundILlcMember2022-01-012022-09-300001512931mrcc:MrccSeniorLoanFundILlcMember2021-01-012021-12-310001512931mrcc:AtMarketMember2017-05-120001512931srt:MinimumMember2022-09-302022-09-300001512931srt:MaximumMember2022-09-302022-09-300001512931srt:MinimumMember2021-12-312021-12-310001512931srt:MaximumMember2021-12-312021-12-310001512931mrcc:MonroeCapitalCorporationSbicLpMembermrcc:VinciBrandsLlcFkaIncipioLlcLoanTwoMember2021-12-310001512931mrcc:MonroeCapitalCorporationSbicLpMembermrcc:VinciBrandsLlcFkaIncipioLlcLoanThreeMember2021-12-310001512931mrcc:MonroeCapitalCorporationSbicLpMembermrcc:VinciBrandsLlcFkaIncipioLlcLoanFourMember2021-12-310001512931mrcc:MonroeCapitalCorporationSbicLpMembermrcc:PriorityAmbulanceLlcLoanTwoMember2021-12-310001512931mrcc:MonroeCapitalCorporationSbicLpMembermrcc:PriorityAmbulanceLlcLoanOneMember2021-12-310001512931mrcc:MonroeCapitalCorporationSbicLpMember2021-12-310001512931us-gaap:RevolvingCreditFacilityMember2022-01-012022-09-300001512931mrcc:AvailableMaximumBorrowingCapacityPercentageLessThan35PercentMemberus-gaap:RevolvingCreditFacilityMember2022-09-300001512931mrcc:AvailableMaximumBorrowingCapacityPercentageEqualToOrGreaterThan35PercentMemberus-gaap:RevolvingCreditFacilityMember2022-09-300001512931mrcc:MonroeCapitalBdcAdvisorsLlcMember2022-09-300001512931mrcc:SbaDebenturesMembermrcc:MonroeCapitalCorporationSbicLpMember2022-09-300001512931mrcc:SbaDebenturesMembermrcc:MonroeCapitalCorporationSbicLpMember2021-12-310001512931srt:WeightedAverageMemberus-gaap:UnitrancheDebtMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2022-09-300001512931srt:WeightedAverageMemberus-gaap:UnitrancheDebtMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2022-09-300001512931srt:WeightedAverageMemberus-gaap:UnitrancheDebtMembermrcc:MeasurementInputProbabilityRevenueMarketYieldsMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2022-09-300001512931srt:WeightedAverageMemberus-gaap:UnitrancheDebtMembermrcc:MeasurementInputProbabilityEbitdaMarketYieldsMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2022-09-300001512931srt:WeightedAverageMemberus-gaap:SeniorLoansMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2022-09-300001512931srt:WeightedAverageMemberus-gaap:SeniorLoansMemberus-gaap:MeasurementInputRevenueMultipleMembermrcc:ValuationTechniqueEnterpriseValueMember2022-09-300001512931srt:WeightedAverageMemberus-gaap:SeniorLoansMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2022-09-300001512931srt:WeightedAverageMemberus-gaap:SeniorLoansMembermrcc:MeasurementInputProbabilityWeightingOfAlternativeOutcomesMembermrcc:ValuationTechniqueLiquidationMember2022-09-300001512931srt:WeightedAverageMemberus-gaap:SeniorLoansMembermrcc:MeasurementInputProbabilityRevenueMarketYieldsMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2022-09-300001512931srt:WeightedAverageMemberus-gaap:SeniorLoansMembermrcc:MeasurementInputProbabilityEbitdaMarketYieldsMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2022-09-300001512931srt:WeightedAverageMemberus-gaap:SeniorLoansMembermrcc:MeasurementInputBookValueMultiplesMembermrcc:ValuationTechniqueEnterpriseValueMember2022-09-300001512931srt:WeightedAverageMemberus-gaap:JuniorLoansMembermrcc:MeasurementInputProbabilityWeightingOfAlternativeOutcomesMembermrcc:ValuationTechniqueLiquidationMember2022-09-300001512931srt:WeightedAverageMemberus-gaap:JuniorLoansMembermrcc:MeasurementInputProbabilityMarketYieldsMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2022-09-300001512931srt:WeightedAverageMemberus-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputRevenueMultipleMembermrcc:ValuationTechniqueEnterpriseValueMember2022-09-300001512931srt:WeightedAverageMemberus-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:ValuationTechniqueOptionPricingModelMember2022-09-300001512931srt:WeightedAverageMemberus-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2022-09-300001512931srt:WeightedAverageMemberus-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputEbitdaMultipleMembermrcc:ValuationTechniqueEnterpriseValueMember2022-09-300001512931srt:MinimumMemberus-gaap:UnitrancheDebtMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2022-09-300001512931srt:MinimumMemberus-gaap:UnitrancheDebtMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2022-09-300001512931srt:MinimumMemberus-gaap:UnitrancheDebtMembermrcc:MeasurementInputProbabilityRevenueMarketYieldsMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2022-09-300001512931srt:MinimumMemberus-gaap:UnitrancheDebtMembermrcc:MeasurementInputProbabilityEbitdaMarketYieldsMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2022-09-300001512931srt:MinimumMemberus-gaap:SeniorLoansMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2022-09-300001512931srt:MinimumMemberus-gaap:SeniorLoansMemberus-gaap:MeasurementInputRevenueMultipleMembermrcc:ValuationTechniqueEnterpriseValueMember2022-09-300001512931srt:MinimumMemberus-gaap:SeniorLoansMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2022-09-300001512931srt:MinimumMemberus-gaap:SeniorLoansMembermrcc:MeasurementInputProbabilityWeightingOfAlternativeOutcomesMembermrcc:ValuationTechniqueLiquidationMember2022-09-300001512931srt:MinimumMemberus-gaap:SeniorLoansMembermrcc:MeasurementInputProbabilityRevenueMarketYieldsMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2022-09-300001512931srt:MinimumMemberus-gaap:SeniorLoansMembermrcc:MeasurementInputProbabilityEbitdaMarketYieldsMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2022-09-300001512931srt:MinimumMemberus-gaap:SeniorLoansMembermrcc:MeasurementInputBookValueMultiplesMembermrcc:ValuationTechniqueEnterpriseValueMember2022-09-300001512931srt:MinimumMemberus-gaap:JuniorLoansMembermrcc:MeasurementInputProbabilityWeightingOfAlternativeOutcomesMembermrcc:ValuationTechniqueLiquidationMember2022-09-300001512931srt:MinimumMemberus-gaap:JuniorLoansMembermrcc:MeasurementInputProbabilityMarketYieldsMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2022-09-300001512931srt:MinimumMemberus-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputRevenueMultipleMembermrcc:ValuationTechniqueEnterpriseValueMember2022-09-300001512931srt:MinimumMemberus-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:ValuationTechniqueOptionPricingModelMember2022-09-300001512931srt:MinimumMemberus-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2022-09-300001512931srt:MinimumMemberus-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputEbitdaMultipleMembermrcc:ValuationTechniqueEnterpriseValueMember2022-09-300001512931srt:MaximumMemberus-gaap:UnitrancheDebtMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2022-09-300001512931srt:MaximumMemberus-gaap:UnitrancheDebtMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2022-09-300001512931srt:MaximumMemberus-gaap:UnitrancheDebtMembermrcc:MeasurementInputProbabilityRevenueMarketYieldsMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2022-09-300001512931srt:MaximumMemberus-gaap:UnitrancheDebtMembermrcc:MeasurementInputProbabilityEbitdaMarketYieldsMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2022-09-300001512931srt:MaximumMemberus-gaap:SeniorLoansMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2022-09-300001512931srt:MaximumMemberus-gaap:SeniorLoansMemberus-gaap:MeasurementInputRevenueMultipleMembermrcc:ValuationTechniqueEnterpriseValueMember2022-09-300001512931srt:MaximumMemberus-gaap:SeniorLoansMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2022-09-300001512931srt:MaximumMemberus-gaap:SeniorLoansMembermrcc:MeasurementInputProbabilityWeightingOfAlternativeOutcomesMembermrcc:ValuationTechniqueLiquidationMember2022-09-300001512931srt:MaximumMemberus-gaap:SeniorLoansMembermrcc:MeasurementInputProbabilityRevenueMarketYieldsMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2022-09-300001512931srt:MaximumMemberus-gaap:SeniorLoansMembermrcc:MeasurementInputProbabilityEbitdaMarketYieldsMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2022-09-300001512931srt:MaximumMemberus-gaap:SeniorLoansMembermrcc:MeasurementInputBookValueMultiplesMembermrcc:ValuationTechniqueEnterpriseValueMember2022-09-300001512931srt:MaximumMemberus-gaap:JuniorLoansMembermrcc:MeasurementInputProbabilityWeightingOfAlternativeOutcomesMembermrcc:ValuationTechniqueLiquidationMember2022-09-300001512931srt:MaximumMemberus-gaap:JuniorLoansMembermrcc:MeasurementInputProbabilityMarketYieldsMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2022-09-300001512931srt:MaximumMemberus-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputRevenueMultipleMembermrcc:ValuationTechniqueEnterpriseValueMember2022-09-300001512931srt:MaximumMemberus-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:ValuationTechniqueOptionPricingModelMember2022-09-300001512931srt:MaximumMemberus-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2022-09-300001512931srt:MaximumMemberus-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputEbitdaMultipleMembermrcc:ValuationTechniqueEnterpriseValueMember2022-09-300001512931srt:WeightedAverageMemberus-gaap:UnitrancheDebtMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931srt:WeightedAverageMemberus-gaap:UnitrancheDebtMemberus-gaap:MeasurementInputRevenueMultipleMembermrcc:ValuationTechniqueEnterpriseValueMember2021-12-310001512931srt:WeightedAverageMemberus-gaap:UnitrancheDebtMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931srt:WeightedAverageMemberus-gaap:UnitrancheDebtMembermrcc:MeasurementInputProbabilityRevenueMarketYieldsMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931srt:WeightedAverageMemberus-gaap:UnitrancheDebtMembermrcc:MeasurementInputProbabilityEbitdaMarketYieldsMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931srt:WeightedAverageMemberus-gaap:SeniorLoansMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931srt:WeightedAverageMemberus-gaap:SeniorLoansMemberus-gaap:MeasurementInputRevenueMultipleMembermrcc:ValuationTechniqueEnterpriseValueMember2021-12-310001512931srt:WeightedAverageMemberus-gaap:SeniorLoansMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931srt:WeightedAverageMemberus-gaap:SeniorLoansMemberus-gaap:MeasurementInputEbitdaMultipleMembermrcc:ValuationTechniqueEnterpriseValueMember2021-12-310001512931srt:WeightedAverageMemberus-gaap:SeniorLoansMembermrcc:MeasurementInputProbabilityWeightingOfAlternativeOutcomesMembermrcc:ValuationTechniqueLiquidationMember2021-12-310001512931srt:WeightedAverageMemberus-gaap:SeniorLoansMembermrcc:MeasurementInputProbabilityRevenueMarketYieldsMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931srt:WeightedAverageMemberus-gaap:SeniorLoansMembermrcc:MeasurementInputProbabilityEbitdaMarketYieldsMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931srt:WeightedAverageMemberus-gaap:SeniorLoansMembermrcc:MeasurementInputBookValueMultiplesMembermrcc:ValuationTechniqueEnterpriseValueMember2021-12-310001512931srt:WeightedAverageMemberus-gaap:JuniorLoansMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931srt:WeightedAverageMemberus-gaap:JuniorLoansMembermrcc:MeasurementInputProbabilityWeightingOfAlternativeOutcomesMembermrcc:ValuationTechniqueLiquidationMember2021-12-310001512931srt:WeightedAverageMemberus-gaap:JuniorLoansMembermrcc:MeasurementInputProbabilityRevenueMarketYieldsMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931srt:WeightedAverageMemberus-gaap:JuniorLoansMembermrcc:MeasurementInputProbabilityMarketYieldsMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931srt:WeightedAverageMemberus-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputRevenueMultipleMembermrcc:ValuationTechniqueEnterpriseValueMember2021-12-310001512931srt:WeightedAverageMemberus-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:ValuationTechniqueOptionPricingModelMember2021-12-310001512931srt:WeightedAverageMemberus-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931srt:WeightedAverageMemberus-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputEbitdaMultipleMembermrcc:ValuationTechniqueEnterpriseValueMember2021-12-310001512931srt:WeightedAverageMemberus-gaap:EquitySecuritiesMembermrcc:MeasurementInputProbabilityWeightingOfAlternativeOutcomesMembermrcc:ValuationTechniqueLiquidationMember2021-12-310001512931srt:WeightedAverageMemberus-gaap:EquitySecuritiesMembermrcc:MeasurementInputProbabilityEbitdaMarketYieldsMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931srt:WeightedAverageMemberus-gaap:EquitySecuritiesMembermrcc:MeasurementInputBookValueMultiplesMembermrcc:ValuationTechniqueEnterpriseValueMember2021-12-310001512931srt:MinimumMemberus-gaap:UnitrancheDebtMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931srt:MinimumMemberus-gaap:UnitrancheDebtMemberus-gaap:MeasurementInputRevenueMultipleMembermrcc:ValuationTechniqueEnterpriseValueMember2021-12-310001512931srt:MinimumMemberus-gaap:UnitrancheDebtMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931srt:MinimumMemberus-gaap:UnitrancheDebtMembermrcc:MeasurementInputProbabilityRevenueMarketYieldsMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931srt:MinimumMemberus-gaap:UnitrancheDebtMembermrcc:MeasurementInputProbabilityEbitdaMarketYieldsMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931srt:MinimumMemberus-gaap:SeniorLoansMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931srt:MinimumMemberus-gaap:SeniorLoansMemberus-gaap:MeasurementInputRevenueMultipleMembermrcc:ValuationTechniqueEnterpriseValueMember2021-12-310001512931srt:MinimumMemberus-gaap:SeniorLoansMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931srt:MinimumMemberus-gaap:SeniorLoansMemberus-gaap:MeasurementInputEbitdaMultipleMembermrcc:ValuationTechniqueEnterpriseValueMember2021-12-310001512931srt:MinimumMemberus-gaap:SeniorLoansMembermrcc:MeasurementInputProbabilityWeightingOfAlternativeOutcomesMembermrcc:ValuationTechniqueLiquidationMember2021-12-310001512931srt:MinimumMemberus-gaap:SeniorLoansMembermrcc:MeasurementInputProbabilityRevenueMarketYieldsMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931srt:MinimumMemberus-gaap:SeniorLoansMembermrcc:MeasurementInputProbabilityEbitdaMarketYieldsMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931srt:MinimumMemberus-gaap:SeniorLoansMembermrcc:MeasurementInputBookValueMultiplesMembermrcc:ValuationTechniqueEnterpriseValueMember2021-12-310001512931srt:MinimumMemberus-gaap:JuniorLoansMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931srt:MinimumMemberus-gaap:JuniorLoansMembermrcc:MeasurementInputProbabilityWeightingOfAlternativeOutcomesMembermrcc:ValuationTechniqueLiquidationMember2021-12-310001512931srt:MinimumMemberus-gaap:JuniorLoansMembermrcc:MeasurementInputProbabilityRevenueMarketYieldsMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931srt:MinimumMemberus-gaap:JuniorLoansMembermrcc:MeasurementInputProbabilityMarketYieldsMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931srt:MinimumMemberus-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputRevenueMultipleMembermrcc:ValuationTechniqueEnterpriseValueMember2021-12-310001512931srt:MinimumMemberus-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:ValuationTechniqueOptionPricingModelMember2021-12-310001512931srt:MinimumMemberus-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931srt:MinimumMemberus-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputEbitdaMultipleMembermrcc:ValuationTechniqueEnterpriseValueMember2021-12-310001512931srt:MinimumMemberus-gaap:EquitySecuritiesMembermrcc:MeasurementInputProbabilityWeightingOfAlternativeOutcomesMembermrcc:ValuationTechniqueLiquidationMember2021-12-310001512931srt:MinimumMemberus-gaap:EquitySecuritiesMembermrcc:MeasurementInputProbabilityEbitdaMarketYieldsMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931srt:MinimumMemberus-gaap:EquitySecuritiesMembermrcc:MeasurementInputBookValueMultiplesMembermrcc:ValuationTechniqueEnterpriseValueMember2021-12-310001512931srt:MaximumMemberus-gaap:UnitrancheDebtMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931srt:MaximumMemberus-gaap:UnitrancheDebtMemberus-gaap:MeasurementInputRevenueMultipleMembermrcc:ValuationTechniqueEnterpriseValueMember2021-12-310001512931srt:MaximumMemberus-gaap:UnitrancheDebtMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931srt:MaximumMemberus-gaap:UnitrancheDebtMembermrcc:MeasurementInputProbabilityRevenueMarketYieldsMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931srt:MaximumMemberus-gaap:UnitrancheDebtMembermrcc:MeasurementInputProbabilityEbitdaMarketYieldsMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931srt:MaximumMemberus-gaap:SeniorLoansMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931srt:MaximumMemberus-gaap:SeniorLoansMemberus-gaap:MeasurementInputRevenueMultipleMembermrcc:ValuationTechniqueEnterpriseValueMember2021-12-310001512931srt:MaximumMemberus-gaap:SeniorLoansMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931srt:MaximumMemberus-gaap:SeniorLoansMemberus-gaap:MeasurementInputEbitdaMultipleMembermrcc:ValuationTechniqueEnterpriseValueMember2021-12-310001512931srt:MaximumMemberus-gaap:SeniorLoansMembermrcc:MeasurementInputProbabilityWeightingOfAlternativeOutcomesMembermrcc:ValuationTechniqueLiquidationMember2021-12-310001512931srt:MaximumMemberus-gaap:SeniorLoansMembermrcc:MeasurementInputProbabilityRevenueMarketYieldsMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931srt:MaximumMemberus-gaap:SeniorLoansMembermrcc:MeasurementInputProbabilityEbitdaMarketYieldsMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931srt:MaximumMemberus-gaap:SeniorLoansMembermrcc:MeasurementInputBookValueMultiplesMembermrcc:ValuationTechniqueEnterpriseValueMember2021-12-310001512931srt:MaximumMemberus-gaap:JuniorLoansMemberus-gaap:MeasurementInputRevenueMultipleMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931srt:MaximumMemberus-gaap:JuniorLoansMembermrcc:MeasurementInputProbabilityWeightingOfAlternativeOutcomesMembermrcc:ValuationTechniqueLiquidationMember2021-12-310001512931srt:MaximumMemberus-gaap:JuniorLoansMembermrcc:MeasurementInputProbabilityRevenueMarketYieldsMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931srt:MaximumMemberus-gaap:JuniorLoansMembermrcc:MeasurementInputProbabilityMarketYieldsMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931srt:MaximumMemberus-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputRevenueMultipleMembermrcc:ValuationTechniqueEnterpriseValueMember2021-12-310001512931srt:MaximumMemberus-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputPriceVolatilityMemberus-gaap:ValuationTechniqueOptionPricingModelMember2021-12-310001512931srt:MaximumMemberus-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931srt:MaximumMemberus-gaap:EquitySecuritiesMemberus-gaap:MeasurementInputEbitdaMultipleMembermrcc:ValuationTechniqueEnterpriseValueMember2021-12-310001512931srt:MaximumMemberus-gaap:EquitySecuritiesMembermrcc:MeasurementInputProbabilityWeightingOfAlternativeOutcomesMembermrcc:ValuationTechniqueLiquidationMember2021-12-310001512931srt:MaximumMemberus-gaap:EquitySecuritiesMembermrcc:MeasurementInputProbabilityEbitdaMarketYieldsMemberus-gaap:ValuationTechniqueDiscountedCashFlowMember2021-12-310001512931srt:MaximumMemberus-gaap:EquitySecuritiesMembermrcc:MeasurementInputBookValueMultiplesMembermrcc:ValuationTechniqueEnterpriseValueMember2021-12-310001512931M C Asset Management ( Corporate), L L C, Senior Secured Loans Due 1/26/20242022-01-012022-09-300001512931M C Asset Management ( Corporate), L L C ( Delayed Draw), Senior Secured Loans Due 1/26/20242022-01-012022-09-300001512931M C Asset Management ( Corporate), L L C, Senior Secured Loans Due 1/26/20242021-01-012021-09-300001512931M C Asset Management ( Corporate), L L C ( Delayed Draw), Senior Secured Loans Due 1/26/20242021-01-012021-09-300001512931American Community Homes, Inc., Senior Secured Loans, Two, Acquisition Date 7/22/20142021-01-012021-09-300001512931American Community Homes, Inc., Senior Secured Loans, One, Acquisition Date 7/22/20142021-01-012021-09-300001512931American Community Homes, Inc., Senior Secured Loans, Nine, Acquisition Date 12/30/20192021-01-012021-09-300001512931American Community Homes, Inc., Senior Secured Loans, Four, Acquisition Date 5/24/20172021-01-012021-09-300001512931American Community Homes, Inc., Senior Secured Loans, Eight, Acquisition Date 9/30/20192021-01-012021-09-300001512931American Community Homes, Inc., Loan Three2021-01-012021-09-300001512931American Community Homes, Inc., Loan Five2021-01-012021-09-300001512931us-gaap-supplement:InvestmentAffiliatedIssuerControlledMember2022-01-012022-09-300001512931mrcc:TJManagementHoldCoLLCMember2022-01-012022-09-300001512931mrcc:SecondAvenueSFRHoldingsIILLCMember2022-01-012022-09-300001512931mrcc:NECBCollectionsLLCMember2022-01-012022-09-300001512931mrcc:MRCCSeniorLoanFundILLCMember2022-01-012022-09-300001512931mrcc:HFZCapitalGroupLLCAndMCAssetManagementCorporateLLCMember2022-01-012022-09-300001512931mrcc:FamiliaDentalGroupHoldingsLLCMember2022-01-012022-09-300001512931T J Management Hold Co L L C, Equity Securities, Common stock2022-01-012022-09-300001512931Second Avenue S F R Holdings I I L L C ( Revolver), Senior Secured Loans, Due 8/9/20242022-01-012022-09-300001512931N E C B Collections, L L C ( Revolver), Senior Secured Loans2022-01-012022-09-300001512931M R C C Senior Loan Fund I, L L C, Equity Securities2022-01-012022-09-300001512931M C Asset Management ( Corporate), L L C, Equity Securities2022-01-012022-09-300001512931H F Z Capital Group L L C, Senior Secured Loans , Two2022-01-012022-09-300001512931H F Z Capital Group L L C, Senior Secured Loans, One2022-01-012022-09-300001512931Familia Dental Group Holdings, L L C, Equity Securities, Class A units2022-01-012022-09-300001512931Curion Holdings, L L C, Senior Secured Loans, One, Acquisition Date 5/2/20172022-01-012022-09-300001512931Curion Holdings, LLC (Revolver), Senior Secured Loans, Two, Acquisition Date 5/2/20172022-01-012022-09-300001512931Ascent Midco, L L C, Equity Securities, Class A units2022-01-012022-09-300001512931American Community Homes, Inc., Senior Secured Loans, Two, Acquisition Date 7/22/20142022-01-012022-09-300001512931American Community Homes, Inc., Senior Secured Loans, Six, Acquisition Date 8/10/20182022-01-012022-09-300001512931American Community Homes, Inc., Senior Secured Loans, Seven, Acquisition Date 3/29/20192022-01-012022-09-300001512931American Community Homes, Inc., Senior Secured Loans, One, Acquisition Date 7/22/20142022-01-012022-09-300001512931American Community Homes, Inc., Senior Secured Loans, Nine, Acquisition Date 12/30/20192022-01-012022-09-300001512931American Community Homes, Inc., Senior Secured Loans, Four, Acquisition Date 5/24/20172022-01-012022-09-300001512931American Community Homes, Inc., Senior Secured Loans, Eight, Acquisition Date 9/30/20192022-01-012022-09-300001512931American Community Homes, Inc., Equity Securities Due 12/18/2024, Warrants2022-01-012022-09-300001512931mrcc:AmericanCommunityHomesInc.Member2022-01-012022-09-300001512931us-gaap-supplement:InvestmentAffiliatedIssuerControlledMember2021-01-012021-09-300001512931mrcc:VinciBrandsLLCfkaIncipioLLCMember2021-01-012021-09-300001512931mrcc:TJManagementHoldCoLLCMember2021-01-012021-09-300001512931mrcc:SHIHoldingsIncMember2021-01-012021-09-300001512931mrcc:NECBCollectionsLLCMember2021-01-012021-09-300001512931mrcc:MRCCSeniorLoanFundILLCMember2021-01-012021-09-300001512931mrcc:LuxuryOpticalHoldingsCoMember2021-01-012021-09-300001512931mrcc:FamiliaDentalGroupHoldingsLLCMember2021-01-012021-09-300001512931mrcc:CurionHoldingsLLCMember2021-01-012021-09-300001512931Vinci Brands L L C (fka Incipio, L L C), Loan Two2021-01-012021-09-300001512931Vinci Brands L L C (fka Incipio, L L C), Loan Three2021-01-012021-09-300001512931Vinci Brands L L C (fka Incipio, L L C), Loan Six2021-01-012021-09-300001512931Vinci Brands L L C (fka Incipio, L L C), Loan One2021-01-012021-09-300001512931Vinci Brands L L C (fka Incipio, L L C), Loan Four2021-01-012021-09-300001512931Vinci Brands L L C (fka Incipio, L L C), Loan Five2021-01-012021-09-300001512931T J Management Hold Co L L C, Equity Securities, Common stock2021-01-012021-09-300001512931Summit Container Corporation ( Revolver)2021-01-012021-09-300001512931Summit Container Corporation, Equity Securities, Warrants2021-01-012021-09-300001512931S H I Holdings, Inc. ( Revolver)2021-01-012021-09-300001512931S H I Holdings, Inc., Investment One2021-01-012021-09-300001512931N E C B Collections, L L C ( Revolver), Senior Secured Loans2021-01-012021-09-300001512931M R C C Senior Loan Fund I, L L C, Equity Securities2021-01-012021-09-300001512931M C Asset Management ( Corporate), L L C, Equity Securities2021-01-012021-09-300001512931Luxury Optical Holdings Co.( Revolver)2021-01-012021-09-300001512931Luxury Optical Holdings Co. Investment, One2021-01-012021-09-300001512931Luxury Optical Holdings Co., Equity Securities, Preferred Units2021-01-012021-09-300001512931Luxury Optical Holdings Co. ( Delayed Draw)2021-01-012021-09-300001512931H F Z Capital Group L L C, Senior Secured Loans , Two2021-01-012021-09-300001512931H F Z Capital Group L L C, Senior Secured Loans, One2021-01-012021-09-300001512931Familia Dental Group Holdings, L L C, Equity Securities, Class A units2021-01-012021-09-300001512931Curion Holdings, L L C, Senior Secured Loans, One, Acquisition Date 5/2/20172021-01-012021-09-300001512931Curion Holdings, LLC (Revolver), Senior Secured Loans, Two, Acquisition Date 5/2/20172021-01-012021-09-300001512931Ascent Midco, L L C, Equity Securities, Class A units2021-01-012021-09-300001512931American Community Homes, Inc., Senior Secured Loans, Six, Acquisition Date 8/10/20182021-01-012021-09-300001512931American Community Homes, Inc., Senior Secured Loans, Seven, Acquisition Date 3/29/20192021-01-012021-09-300001512931American Community Homes, Inc., Equity Securities Due 12/18/2024, Warrants2021-01-012021-09-300001512931mrcc:AmericanCommunityHomesInc.Member2021-01-012021-09-300001512931mrcc:CurionHoldingsLLCMember2022-01-012022-09-300001512931Curion Holdings, L L C, Junior Secured Loans, One, Due 1/2/20232022-01-012022-09-300001512931mrcc:SummitContainerCorporationMember2021-01-012021-09-300001512931Summit Container Corporation, Investment One2021-01-012021-09-300001512931us-gaap-supplement:InvestmentAffiliatedIssuerNoncontrolledMember2022-01-012022-09-300001512931mrcc:MnineHoldingsIncMember2022-01-012022-09-300001512931Mnine Holdings, Inc., Senior Secured Loans Due 12/30/20222022-01-012022-09-300001512931Ascent Midco, L L C, Senior Secured Loans Due 2/5/20252022-01-012022-09-300001512931mrcc:AscentMidcoLLCMember2022-01-012022-09-300001512931us-gaap-supplement:InvestmentAffiliatedIssuerNoncontrolledMember2021-01-012021-09-300001512931mrcc:MnineHoldingsIncMember2021-01-012021-09-300001512931mrcc:HFZCapitalGroupLLCMCAssetManagementCorporateLLCandMCAssetManagementIndustrialLLCMember2021-01-012021-09-300001512931Mnine Holdings, Inc., Senior Secured Loans Due 12/30/20222021-01-012021-09-300001512931M C Asset Management ( Industrial), L L C Promissory Note2021-01-012021-09-300001512931Ascent Midco, L L C, Senior Secured Loans Due 2/5/20252021-01-012021-09-300001512931mrcc:AscentMidcoLLCMember2021-01-012021-09-300001512931Xan Edu Publishing, Inc, Equity Securities, Class A units2022-09-300001512931Witkoff/ Monroe 700 J V L L C, Equity Securities, Preferred units2022-09-300001512931Valudor Products L L C , Equity Securities, Class A-1 units2022-09-300001512931Spherix Global Inc, Equity Securities, Class A units2022-09-300001512931Seran Bio Science, L L C, Equity Securities, common units2022-09-300001512931Relevate Health Group, L L C, Equity Securities, preferred units2022-09-300001512931Relevate Health Group, L L C, Equity Securities, Class B common units2022-09-300001512931Recorded Future, Inc, Equity Securities, Class A units2022-09-300001512931Planful, Inc, Equity Securities, Class A units2022-09-300001512931Nearly Natural, Inc, Equity Securities, Two, Class A A units2022-09-300001512931Nearly Natural, Inc, Equity Securities, One, Class A units2022-09-300001512931Nations Benefits, L L C, Equity Securities, Two, common units2022-09-300001512931Nations Benefits, L L C, Equity Securities, One, Series B units2022-09-300001512931M V Receivables I I, L L C, Equity Securities, Common units2022-09-300001512931Mnine Holdings, Inc., Equity Securities, Class B units2022-09-300001512931M C P Shaw Acquisitionco, L L C , Equity Securities, Class A-2 units2022-09-300001512931Mark Logic Corporation, Equity Securities, Class A units2022-09-300001512931Lifted Trucks Holdings, L L C, Equity Securities, Class A units2022-09-300001512931Kar Wash Holdings, L L C, Equity Securities, Class A units2022-09-300001512931Independence Buyer, Inc., Equity Securities, Class A units2022-09-300001512931Familia Dental Group Holdings, L L C, Equity Securities, Class A units2022-09-300001512931Express Wash Acquisition Company, L L C, Equity Securities, Class A units2022-09-300001512931Equine Network, L L C, Equity Securities, Class A units2022-09-300001512931Drawbridge Partners, L L C, Equity Securities, Class A-1 Units2022-09-300001512931Dorado Acquisition, Inc, Equity Securities, Two, Class A-2 units2022-09-300001512931Dorado Acquisition, Inc, Equity Securities, One, Class A-1 units2022-09-300001512931Chess.com, L L C, Equity Securities, Class A units2022-09-300001512931California Pizza Kitchen, Inc., Equity Securities, Common units2022-09-300001512931Born To Run, L L C, Equity Securities, Class A units2022-09-300001512931B L S T Operating Company, L L C, Equity Securities, Class A units2022-09-300001512931Attom Intermediate Holdco, L L C, Equity Securities, Class A units2022-09-300001512931Ascent Midco, L L C, Equity Securities, Class A units2022-09-300001512931Xan Edu Publishing, Inc, Equity Securities, Class A units2021-12-310001512931Witkoff/ Monroe 700 J V L L C, Equity Securities, Preferred units2021-12-310001512931Valudor Products L L C , Equity Securities, Class A-1 units2021-12-310001512931Spherix Global Inc, Equity Securities, Class A units2021-12-310001512931Seran Bio Science, L L C, Equity Securities, common units2021-12-310001512931Relevate Health Group, L L C, Equity Securities, preferred units2021-12-310001512931Relevate Health Group, L L C, Equity Securities, Class B common units2021-12-310001512931Recorded Future, Inc, Equity Securities, Class A units2021-12-310001512931Planful, Inc, Equity Securities, Class A units2021-12-310001512931P K S Holdings, L L C, Equity Securities, Two, Preferred units2021-12-310001512931P K S Holdings, L L C, Equity Securities, Three, Preferred units2021-12-310001512931P K S Holdings, L L C, Equity Securities, Four, Preferred units2021-12-310001512931Nearly Natural, Inc, Equity Securities, Two, Class A A units2021-12-310001512931Nearly Natural, Inc, Equity Securities, One, Class A units2021-12-310001512931Nations Benefits, L L C, Equity Securities, Two, common units2021-12-310001512931Nations Benefits, L L C, Equity Securities, Three, Series A units2021-12-310001512931M V Receivables I I, L L C, Equity Securities, Common units2021-12-310001512931Mnine Holdings, Inc., Equity Securities, Class B units2021-12-310001512931M C P Shaw Acquisitionco, L L C , Equity Securities, Class A-2 units2021-12-310001512931Mark Logic Corporation, Equity Securities, Class A units2021-12-310001512931Lifted Trucks Holdings, L L C, Equity Securities, Class A units2021-12-310001512931Independence Buyer, Inc., Equity Securities, Class A units2021-12-310001512931Familia Dental Group Holdings, L L C, Equity Securities, Class A units2021-12-310001512931Express Wash Acquisition Company, L L C, Equity Securities, Class A units2021-12-310001512931Equine Network, L L C, Equity Securities, Class A units2021-12-310001512931Dorado Acquisition, Inc, Equity Securities, Two, Class A-2 units2021-12-310001512931Dorado Acquisition, Inc, Equity Securities, One, Class A-1 units2021-12-310001512931Chess.com, L L C, Equity Securities, Class A units2021-12-310001512931California Pizza Kitchen, Inc., Equity Securities, Common units2021-12-310001512931Born To Run, L L C, Equity Securities, Class A units2021-12-310001512931B L S T Operating Company, L L C, Equity Securities, Class A units2021-12-310001512931Attom Intermediate Holdco, L L C, Equity Securities, Class A units2021-12-310001512931Ascent Midco, L L C, Equity Securities, Class A units2021-12-310001512931A P C O Worldwide, Inc, Equity Securities, Class A voting common stock2021-12-310001512931Mnine Holdings, Inc., Equity Securities, Class B units2021-09-300001512931Luxury Optical Holdings Co., Equity Securities, Preferred Units2021-09-300001512931Familia Dental Group Holdings, L L C, Equity Securities, Class A units2021-09-300001512931Ascent Midco, L L C, Equity Securities, Class A units2021-09-300001512931us-gaap-supplement:WestRegionMember2022-09-300001512931us-gaap:UnitrancheDebtMember2022-09-300001512931us-gaap-supplement:SouthwestRegionMember2022-09-300001512931us-gaap-supplement:SoutheastRegionMember2022-09-300001512931us-gaap:SeniorLoansMember2022-09-300001512931us-gaap-supplement:RetailSectorMember2022-09-300001512931us-gaap-supplement:NortheastRegionMember2022-09-300001512931us-gaap:NonUsMember2022-09-300001512931us-gaap-supplement:MidwestRegionMember2022-09-300001512931us-gaap:JuniorLoansMember2022-09-300001512931us-gaap-supplement:FoodAndBeverageSectorMember2022-09-300001512931us-gaap:EquitySecuritiesMember2022-09-300001512931us-gaap-supplement:ConstructionSectorMember2022-09-300001512931us-gaap-supplement:ChemicalsSectorMember2022-09-300001512931us-gaap-supplement:AutomotiveSectorMember2022-09-300001512931us-gaap-supplement:AerospaceSectorMember2022-09-300001512931mrcc:WholesaleSectorMember2022-09-300001512931mrcc:TelecommunicationsSectorMember2022-09-300001512931mrcc:ServicesConsumerSectorMember2022-09-300001512931mrcc:ServicesBusinessSectorMember2022-09-300001512931mrcc:MediaDiversifiedProductionSectorMember2022-09-300001512931mrcc:MediaBroadcastingSubscriptionSectorMember2022-09-300001512931mrcc:MediaAdvertisingPrintingPublishingSectorMember2022-09-300001512931mrcc:LlcEquityInterestMember2022-09-300001512931mrcc:InvestmentFundsVehiclesSectorMember2022-09-300001512931mrcc:HotelsGamingLeisureSectorMember2022-09-300001512931mrcc:HighTechIndustriesSectorMember2022-09-300001512931mrcc:HealthcarePharmaceuticalsSectorMember2022-09-300001512931mrcc:FireRealEstateSectorMember2022-09-300001512931mrcc:FireFinanceSectorMember2022-09-300001512931mrcc:EnvironmentalIndustriesSectorMember2022-09-300001512931mrcc:ConsumerGoodsNonDurableSectorMember2022-09-300001512931mrcc:ConsumerGoodsDurableSectorMember2022-09-300001512931mrcc:CapitalEquipmentSectorMember2022-09-300001512931mrcc:BankingSectorMember2022-09-300001512931us-gaap-supplement:WestRegionMember2021-12-310001512931us-gaap:UnitrancheDebtMember2021-12-310001512931us-gaap-supplement:SouthwestRegionMember2021-12-310001512931us-gaap-supplement:SoutheastRegionMember2021-12-310001512931us-gaap:SeniorLoansMember2021-12-310001512931us-gaap-supplement:RetailSectorMember2021-12-310001512931us-gaap-supplement:NortheastRegionMember2021-12-310001512931us-gaap:NonUsMember2021-12-310001512931us-gaap-supplement:MidwestRegionMember2021-12-310001512931us-gaap:JuniorLoansMember2021-12-310001512931us-gaap-supplement:FoodAndBeverageSectorMember2021-12-310001512931us-gaap:EquitySecuritiesMember2021-12-310001512931us-gaap-supplement:ConstructionSectorMember2021-12-310001512931us-gaap-supplement:ChemicalsSectorMember2021-12-310001512931us-gaap-supplement:AutomotiveSectorMember2021-12-310001512931us-gaap-supplement:AerospaceSectorMember2021-12-310001512931mrcc:WholesaleSectorMember2021-12-310001512931mrcc:TelecommunicationsSectorMember2021-12-310001512931mrcc:ServicesConsumerSectorMember2021-12-310001512931mrcc:ServicesBusinessSectorMember2021-12-310001512931mrcc:MediaDiversifiedProductionSectorMember2021-12-310001512931mrcc:MediaBroadcastingSubscriptionSectorMember2021-12-310001512931mrcc:MediaAdvertisingPrintingPublishingSectorMember2021-12-310001512931mrcc:LlcEquityInterestMember2021-12-310001512931mrcc:InvestmentFundsVehiclesSectorMember2021-12-310001512931mrcc:HotelsGamingLeisureSectorMember2021-12-310001512931mrcc:HighTechIndustriesSectorMember2021-12-310001512931mrcc:HealthcarePharmaceuticalsSectorMember2021-12-310001512931mrcc:FireRealEstateSectorMember2021-12-310001512931mrcc:FireFinanceSectorMember2021-12-310001512931mrcc:EnvironmentalIndustriesSectorMember2021-12-310001512931mrcc:ConsumerGoodsNonDurableSectorMember2021-12-310001512931mrcc:ConsumerGoodsDurableSectorMember2021-12-310001512931mrcc:CapitalEquipmentSectorMember2021-12-310001512931mrcc:BankingSectorMember2021-12-310001512931mrcc:MonroeCapitalBdcAdvisorsLlcMember2022-07-012022-09-300001512931mrcc:MonroeCapitalBdcAdvisorsLlcMember2021-07-012021-09-300001512931mrcc:MonroeCapitalBdcAdvisorsLlcMember2021-01-012021-09-300001512931us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2022-09-300001512931us-gaap:FairValueMeasurementsRecurringMember2022-09-300001512931us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2021-12-310001512931us-gaap:FairValueMeasurementsRecurringMember2021-12-310001512931us-gaap:UnitrancheDebtMember2022-07-012022-09-300001512931us-gaap:SeniorLoansMember2022-07-012022-09-300001512931us-gaap:JuniorLoansMember2022-07-012022-09-300001512931us-gaap:EquitySecuritiesMember2022-07-012022-09-300001512931us-gaap:UnitrancheDebtMember2022-01-012022-09-300001512931us-gaap:SeniorLoansMember2022-01-012022-09-300001512931us-gaap:JuniorLoansMember2022-01-012022-09-300001512931us-gaap:EquitySecuritiesMember2022-01-012022-09-300001512931us-gaap:UnitrancheDebtMember2021-07-012021-09-300001512931us-gaap:SeniorLoansMember2021-07-012021-09-300001512931us-gaap:JuniorLoansMember2021-07-012021-09-300001512931us-gaap:EquitySecuritiesMember2021-07-012021-09-300001512931us-gaap:UnitrancheDebtMember2021-01-012021-09-300001512931us-gaap:SeniorLoansMember2021-01-012021-09-300001512931us-gaap:JuniorLoansMember2021-01-012021-09-300001512931us-gaap:EquitySecuritiesMember2021-01-012021-09-300001512931mrcc:MrccSeniorLoanFundILlcMember2022-09-300001512931mrcc:MrccSeniorLoanFundILlcMember2022-09-300001512931mrcc:MrccSeniorLoanFundILlcMember2021-12-310001512931mrcc:MrccSeniorLoanFundILlcMember2021-12-3100015129312012-10-012012-10-3100015129312022-09-012022-09-3000015129312022-06-012022-06-3000015129312022-03-012022-03-3100015129312021-09-012021-09-3000015129312021-06-012021-06-3000015129312021-03-012021-03-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate562022Member2021-01-012021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate442022Member2021-01-012021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate132022Member2021-01-012021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate9182023Member2022-01-012022-09-300001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate8162023Member2022-01-012022-09-300001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate7182023Member2022-01-012022-09-300001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate6192023Member2022-01-012022-09-300001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate5162023Member2022-01-012022-09-300001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate4202023Member2022-01-012022-09-300001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate3182024Member2022-01-012022-09-300001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate3162023Member2022-01-012022-09-300001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate2162024Member2022-01-012022-09-300001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate2162023Member2022-01-012022-09-300001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate12182023Member2022-01-012022-09-300001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate12162022Member2022-01-012022-09-300001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate1182023Member2022-01-012022-09-300001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate1172024Member2022-01-012022-09-300001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate11162023Member2022-01-012022-09-300001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate11162022Member2022-01-012022-09-300001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate10192022Member2022-01-012022-09-300001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate10182023Member2022-01-012022-09-300001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate9182023Member2021-01-012021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate9162022Member2021-01-012021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate8162023Member2021-01-012021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate8162022Member2021-01-012021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate7182023Member2021-01-012021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate7182022Member2021-01-012021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate6192023Member2021-01-012021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate6172022Member2021-01-012021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate5172022Member2021-01-012021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate5162023Member2021-01-012021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate4202023Member2021-01-012021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate4192022Member2021-01-012021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate3182024Member2021-01-012021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate3162023Member2021-01-012021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate3162022Member2021-01-012021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate2162024Member2021-01-012021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate2162023Member2021-01-012021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate2162022Member2021-01-012021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate12182023Member2021-01-012021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate12162022Member2021-01-012021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate1192022Member2021-01-012021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate1182023Member2021-01-012021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate1172024Member2021-01-012021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate11162023Member2021-01-012021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate11162022Member2021-01-012021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate10192022Member2021-01-012021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate10182023Member2021-01-012021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate9182023Member2022-09-300001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate8162023Member2022-09-300001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate7182023Member2022-09-300001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate6192023Member2022-09-300001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate5162023Member2022-09-300001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate4202023Member2022-09-300001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate3182024Member2022-09-300001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate3162023Member2022-09-300001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate2162024Member2022-09-300001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate2162023Member2022-09-300001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate12182023Member2022-09-300001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate12162022Member2022-09-300001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate1182023Member2022-09-300001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate1172024Member2022-09-300001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate11162023Member2022-09-300001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate11162022Member2022-09-300001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate10192022Member2022-09-300001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate10182023Member2022-09-300001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate9182023Member2021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate9162022Member2021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate8162023Member2021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate8162022Member2021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate7182023Member2021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate7182022Member2021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate6192023Member2021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate6172022Member2021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate562022Member2021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate5172022Member2021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate5162023Member2021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate442022Member2021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate4202023Member2021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate4192022Member2021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate3182024Member2021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate3162023Member2021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate3162022Member2021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate2162024Member2021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate2162023Member2021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate2162022Member2021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate132022Member2021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate12182023Member2021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate12162022Member2021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate1192022Member2021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate1182023Member2021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate1172024Member2021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate11162023Member2021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate11162022Member2021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate10192022Member2021-12-310001512931mrcc:ForeignCurrencyForwardContractWithSettlementDate10182023Member2021-12-3100015129312022-07-012022-09-3000015129312021-07-012021-09-3000015129312021-01-012021-09-300001512931us-gaap:RevolvingCreditFacilityMemberus-gaap:LondonInterbankOfferedRateLIBORMember2022-09-300001512931mrcc:FamiliaDentalGroupHoldingsLLCMember2022-01-012022-09-3000015129312021-01-012021-12-310001512931mrcc:RecordedFutureIncMember2022-09-300001512931mrcc:IDIGParentLLCMember2022-09-300001512931mrcc:FamiliaDentalGroupHoldingsLLCMember2022-09-300001512931mrcc:RecordedFutureIncMember2021-12-310001512931mrcc:IDIGParentLLCMember2021-12-310001512931mrcc:FamiliaDentalGroupHoldingsLLCMember2021-12-310001512931mrcc:MonroeCapitalBdcAdvisorsLlcMember2022-01-012022-09-300001512931srt:MinimumMemberus-gaap:RevolvingCreditFacilityMember2022-09-300001512931srt:MaximumMemberus-gaap:RevolvingCreditFacilityMember2022-09-300001512931us-gaap:RevolvingCreditFacilityMember2022-09-3000015129312022-09-3000015129312021-12-3100015129312022-11-040001512931mrcc:RussianInvasionOfUkraineMember2022-01-012022-09-300001512931mrcc:RisksAssociatedWithOurRevolvingCreditFacilityLimitingAbilityToIncurAdditionalIndebtednessMember2022-01-012022-09-300001512931mrcc:RevolvingCreditFacilityAndUseOtherBorrowedFundsExposingToRisksAssociatedWithLeverageMember2022-01-012022-09-300001512931mrcc:Act1940AllowingAdditionalLeverageMember2022-01-012022-09-3000015129312022-01-012022-09-30iso4217:USDiso4217:GBPxbrli:sharesxbrli:pureiso4217:USDiso4217:AUDiso4217:GBPmrcc:itemiso4217:USDxbrli:sharesmrcc:componentiso4217:USDiso4217:AUD

Table of Contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2022

OR

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission file number: 814-00866

MONROE CAPITAL CORPORATION

(Exact Name of Registrant as Specified in its Charter)

Maryland

    

27-4895840

(State or Other Jurisdiction of
Incorporation or Organization)

 

(I.R.S. Employer
Identification No.)

 

 

 

311 South Wacker Drive, Suite 6400
ChicagoIllinois

 

60606

(Address of Principal Executive Office)

 

(Zip Code)

(312258-8300

(Registrant’s Telephone Number, Including Area Code)

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class

    

Trading Symbol(s)

    

Name of Each Exchange on Which Registered

Common Stock, par value $0.001 per share

 

MRCC

 

The Nasdaq Global Select Market

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes      No  ¨

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes     No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer

Accelerated filer

 

 

 

 

Non-accelerated filer

Smaller reporting company

 

 

 

 

Emerging growth company

 

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes  ¨    No  

As of November 4, 2022, the registrant had 21,666,340 shares of common stock, $0.001 par value, outstanding.

Table of Contents

TABLE OF CONTENTS

Page

PART I. FINANCIAL INFORMATION

3

Item 1.

Consolidated Financial Statements

3

Consolidated Statements of Assets and Liabilities as of September 30, 2022 (unaudited) and December 31, 2021

3

Consolidated Statements of Operations for the three and nine months ended September 30, 2022 and 2021 (unaudited)

4

Consolidated Statements of Changes in Net Assets for the three and nine months ended September 30, 2022 and 2021 (unaudited)

5

Consolidated Statements of Cash Flows for the nine months ended September 30, 2022 and 2021 (unaudited)

6

Consolidated Schedules of Investments as of September 30, 2022 (unaudited) and December 31, 2021

8

Notes to Consolidated Financial Statements (unaudited)

35

Item 2.

Management’s Discussion and Analysis of Financial Condition and Results of Operations

71

Item 3.

Quantitative and Qualitative Disclosures About Market Risk

99

Item 4.

Controls and Procedures

101

PART II. OTHER INFORMATION

101

Item 1.

Legal Proceedings

101

Item 1A.

Risk Factors

101

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds

104

Item 3.

Defaults Upon Senior Securities

104

Item 4.

Mine Safety Disclosures

104

Item 5.

Other Information

104

Item 6.

Exhibits

105

Signatures

106

2

Table of Contents

Part I. Financial Information

Item 1. Consolidated Financial Statements

MONROE CAPITAL CORPORATION

CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES

(in thousands, except per share data)

    

September 30, 2022

    

December 31, 2021

(unaudited)

ASSETS

 

  

 

  

Investments, at fair value:

 

  

 

  

Non-controlled/non-affiliate company investments

$

386,200

$

430,287

Non-controlled affiliate company investments

 

85,274

 

90,281

Controlled affiliate company investments

 

36,544

 

41,125

Total investments, at fair value (amortized cost of: $545,350 and $576,178, respectively)

 

508,018

 

561,693

Cash

 

7,129

 

2,622

Restricted cash

 

 

15,459

Unrealized gain on foreign currency forward contracts

 

2,284

 

781

Interest receivable

 

14,680

 

9,476

Other assets

 

445

 

427

Total assets

 

532,556

 

590,458

LIABILITIES

 

  

 

  

Debt:

 

  

 

  

Revolving credit facility

 

171,200

 

151,045

2026 Notes

 

130,000

 

130,000

SBA debentures payable

 

 

56,900

Total debt

 

301,200

 

337,945

Less: Unamortized deferred financing costs

 

(3,223)

 

(5,794)

Total debt, less unamortized deferred financing costs

 

297,977

 

332,151

Interest payable

 

1,305

 

3,304

Management fees payable

 

2,222

 

2,454

Incentive fees payable

 

1,565

 

435

Accounts payable and accrued expenses

 

3,496

 

2,643

Directors’ fees payable

35

Total liabilities

 

306,600

 

340,987

Net assets

$

225,956

$

249,471

Commitments and contingencies (See Note 11)

 

  

 

  

ANALYSIS OF NET ASSETS

 

  

 

  

Common stock, $0.001 par value, 100,000 shares authorized, 21,666 and 21,666 shares issued and outstanding, respectively

$

22

$

22

Capital in excess of par value

 

298,687

 

298,687

Accumulated undistributed (overdistributed) earnings

 

(72,753)

 

(49,238)

Total net assets

$

225,956

$

249,471

Net asset value per share

$

10.43

$

11.51

See Notes to Consolidated Financial Statements.

3

Table of Contents

MONROE CAPITAL CORPORATION

CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited)

(in thousands, except per share data)

Three months ended September 30,

Nine months ended September 30,

2022

2021

2022

2021

Investment income:

    

  

    

  

    

  

    

  

Non-controlled/non-affiliate company investments:

 

  

 

  

 

  

 

  

Interest income

$

9,383

$

8,495

$

26,030

$

24,807

Payment-in-kind interest income

 

738

 

405

 

2,039

 

1,286

Dividend income

 

103

 

234

 

267

 

284

Fee income

 

412

 

288

 

1,604

 

1,065

Total investment income from non-controlled/non-affiliate company investments

 

10,636

 

9,422

 

29,940

 

27,442

Non-controlled affiliate company investments:

 

 

  

 

 

  

Interest income

 

3,830

 

1,561

 

6,202

 

4,225

Payment-in-kind interest income

 

502

 

2,508

 

2,419

 

5,040

Dividend income

 

48

 

698

 

141

 

784

Total investment income from non-controlled affiliate company investments

 

4,380

 

4,767

 

8,762

 

10,049

Controlled affiliate company investments:

 

  

 

  

 

  

 

  

Dividend income

 

900

 

1,025

 

2,700

 

3,300

Total investment income from controlled affiliate company investments

 

900

 

1,025

 

2,700

 

3,300

Total investment income

 

15,916

 

15,214

 

41,402

 

40,791

Operating expenses:

 

  

 

  

 

 

  

Interest and other debt financing expenses

 

4,263

 

3,924

 

11,961

 

12,219

Base management fees

 

2,222

 

2,399

 

6,834

 

7,060

Incentive fees

 

1,565

 

1,578

 

2,747

 

2,828

Professional fees

 

212

 

264

 

740

 

730

Administrative service fees

 

275

 

327

 

908

 

1,020

General and administrative expenses

 

216

 

304

 

722

 

833

Directors’ fees

 

35

 

35

 

109

 

109

Expenses before base management fee and incentive fee waivers

 

8,788

 

8,831

 

24,021

 

24,799

Base management fee waivers

 

 

 

(55)

 

Incentive fee waivers

 

 

 

(525)

 

(1,057)

Total expenses, net of base management fee and incentive fee waivers

 

8,788

 

8,831

 

23,441

 

23,742

Net investment income before income taxes

 

7,128

 

6,383

 

17,961

 

17,049

Income taxes, including excise taxes

 

868

 

71

 

1,289

 

254

Net investment income

 

6,260

 

6,312

 

16,672

 

16,795

Net gain (loss):

 

  

 

  

 

  

 

  

Net realized gain (loss):

 

  

 

  

 

  

 

  

Non-controlled/non-affiliate company investments

 

(1,666)

 

(9,435)

 

(1,749)

 

(8,468)

Non-controlled affiliate company investments

 

(1)

 

 

(1)

 

(250)

Extinguishment of debt

 

 

(336)

 

(1,039)

 

(3,110)

Foreign currency forward contracts

 

38

 

20

 

69

 

(55)

Foreign currency and other transactions

 

(1)

 

(880)

 

(38)

 

(894)

Net realized gain (loss)

 

(1,630)

 

(10,631)

 

(2,758)

 

(12,777)

Net change in unrealized gain (loss):

 

  

 

  

 

  

 

  

Non-controlled/non-affiliate company investments

 

(1,049)

 

11,222

 

(12,281)

 

20,106

Non-controlled affiliate company investments

 

(4,186)

 

(1,076)

 

(5,485)

 

(2,173)

Controlled affiliate company investments

 

(1,007)

 

(54)

 

(5,081)

 

2,047

Foreign currency forward contracts

 

863

 

530

 

1,503

 

976

Foreign currency and other transactions

 

 

936

 

164

 

650

Net change in unrealized gain (loss)

 

(5,379)

 

11,558

 

(21,180)

 

21,606

Net gain (loss)

 

(7,009)

 

927

 

(23,938)

 

8,829

Net increase (decrease) in net assets resulting from operations

$

(749)

$

7,239

$

(7,266)

$

25,624

Per common share data:

 

  

 

  

 

  

 

  

Net investment income per share - basic and diluted

$

0.29

$

0.29

$

0.77

$

0.78

Net increase (decrease) in net assets resulting from operations per share - basic and diluted

$

(0.03)

$

0.34

$

(0.33)

$

1.20

Weighted average common shares outstanding - basic and diluted

 

21,666

 

21,544

 

21,666

 

21,404

See Notes to Consolidated Financial Statements.

4

Table of Contents

MONROE CAPITAL CORPORATION

CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS

(unaudited)

(in thousands)

Accumulated

Common Stock

undistributed

Par

Capital in excess of

(overdistributed)

Total

Number of shares

value

par value

earnings

net assets

Balances at June 30, 2021

    

21,544

    

$

22

    

$

297,586

    

$

(52,811)

    

$

244,797

Net investment income

 

 

 

 

6,312

 

6,312

Net realized gain (loss)

 

 

 

 

(10,631)

 

(10,631)

Net change in unrealized gain (loss)

 

 

 

 

11,558

 

11,558

Issuance of common stock, net of offering and underwriting costs

 

 

 

 

 

Distributions to stockholders

 

 

 

 

(5,386)

 

(5,386)

Balances at September 30, 2021

 

21,544

 

$

22

 

$

297,586

 

$

(50,958)

 

$

246,650

Balances at June 30, 2022

 

21,666

$

22

$

298,687

$

(66,588)

$

232,121

Net investment income

 

 

 

 

6,260

 

6,260

Net realized gain (loss)

 

 

 

 

(1,630)

 

(1,630)

Net change in unrealized gain (loss)

 

 

 

 

(5,379)

 

(5,379)

Issuance of common stock, net of offering and underwriting costs

 

 

 

 

 

Distributions to stockholders

 

 

 

 

(5,416)

 

(5,416)

Balances at September 30, 2022

 

21,666

$

22

$

298,687

$

(72,753)

$

225,956

Accumulated

Common Stock

undistributed

Par

Capital in excess of

(overdistributed)

Total

Number of shares

value

par value

earnings

net assets

Balances at December 31, 2020

    

21,304

    

$

21

    

$

294,897

    

$

(60,484)

    

$

234,434

Net investment income

 

 

 

 

16,795

 

16,795

Net realized gain (loss)

 

 

 

 

(12,777)

 

(12,777)

Net change in unrealized gain (loss)

 

 

 

 

21,606

 

21,606

Issuance of common stock, net of offering and underwriting costs

 

240

 

1

 

2,689

 

 

2,690

Distributions to stockholders

 

 

 

 

(16,098)

 

(16,098)

Balances at September 30, 2021

 

21,544

 

$

22

 

$

297,586

 

$

(50,958)

 

$

246,650

Balances at December 31, 2021

 

21,666

$

22

$

298,687

$

(49,238)

$

249,471

Net investment income

 

 

 

 

16,672

 

16,672

Net realized gain (loss)

 

 

 

 

(2,758)

 

(2,758)

Net change in unrealized gain (loss)

 

 

 

 

(21,180)

 

(21,180)

Issuance of common stock, net of offering and underwriting costs

 

 

 

 

 

Distributions to stockholders

 

 

 

 

(16,249)

 

(16,249)

Balances at September 30, 2022

 

21,666

$

22

$

298,687

$

(72,753)

$

225,956

See Notes to Consolidated Financial Statements.

5

Table of Contents

MONROE CAPITAL CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited)

(in thousands)

Nine months ended September 30,

    

2022

    

2021

Cash flows from operating activities:

 

  

 

  

Net increase (decrease) in net assets resulting from operations

$

(7,266)

$

25,624

Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:

 

  

 

  

Net realized (gain) loss on investments

 

1,750

 

8,718

Net realized (gain) loss on extinguishment of debt

 

1,039

 

3,110

Net realized (gain) loss on foreign currency forward contracts

 

(69)

 

55

Net realized (gain) loss on foreign currency and other transactions

 

38

 

894

Net change in unrealized (gain) loss on investments

 

22,847

 

(19,980)

Net change in unrealized (gain) loss on foreign currency forward contracts

 

(1,503)

 

(976)

Net change in unrealized (gain) loss on foreign currency and other transactions

 

(164)

 

(650)

Payment-in-kind interest income

 

(4,458)

 

(6,326)

Net accretion of discounts and amortization of premiums

 

(872)

 

(857)

Purchases of investments

 

(94,275)

 

(181,821)

Proceeds from principal payments, sales of investments and settlement of forward contracts

 

128,752

 

193,506

Amortization of deferred financing costs

 

1,613

 

1,677

Changes in operating assets and liabilities:

 

  

 

  

Interest receivable

 

(5,204)

 

(4,783)

Other assets

 

(18)

 

673

Interest payable

 

(1,999)

 

(1,430)

Management fees payable

 

(232)

 

421

Incentive fees payable

 

1,130

 

1,578

Accounts payable and accrued expenses

 

853

 

121

Directors’ fees payable

35

35

Net cash provided by (used in) operating activities

 

41,997

 

19,589

Cash flows from financing activities:

 

  

 

  

Borrowings on revolving credit facility

 

143,900

 

272,400

Repayments of revolving credit facility

 

(123,599)

 

(253,854)

Repayment of 2023 Notes

 

 

(109,000)

Proceeds from 2026 Notes

 

 

130,000

Repayment of SBA debentures

 

(56,900)

 

(58,100)

Payments of deferred financing costs

 

(81)

 

(4,053)

Proceeds from shares sold, net of offering and underwriting costs

 

 

2,690

Stockholder distributions paid, net of stock issued under the dividend reinvestment plan of $0 and $0, respectively

 

(16,249)

 

(16,098)

Net cash provided by (used in) financing activities

 

(52,929)

 

(36,015)

Net increase (decrease) in Cash and Restricted cash

 

(10,932)

 

(16,426)

Effect of foreign currency exchange rates

 

(20)

 

(924)

Cash and Restricted cash, beginning of period

 

18,081

 

32,426

Cash and Restricted cash, end of period

$

7,129

$

15,076

Supplemental disclosure of cash flow information:

 

  

 

  

Cash interest paid during the period

$

12,238

$

11,889

Cash paid (refund received) for income taxes, including excise taxes during the period

$

578

$

400

6

Table of Contents

MONROE CAPITAL CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS - (continued)

(unaudited)

(in thousands)

The following tables provide a reconciliation of cash and restricted cash reported on the Consolidated Statements of Assets and Liabilities that sum to the total of the same such amounts on the Consolidated Statements of Cash Flows:

    

September 30, 2022

    

December 31, 2021

Cash

$

7,129

$

2,622

Restricted cash

 

 

15,459

Total cash and restricted cash shown on the Consolidated Statements of Cash Flows

$

7,129

$

18,081

September 30, 2021

December 31, 2020

Cash

$

7,031

$

6,769

Restricted cash

 

8,045

 

25,657

Total cash and restricted cash shown on the Consolidated Statements of Cash Flows

$

15,076

$

32,426

See Notes to Consolidated Financial Statements.

7

Table of Contents

MONROE CAPITAL CORPORATION

CONSOLIDATED SCHEDULE OF INVESTMENTS

(unaudited)

September 30, 2022

(in thousands, except for shares and units)

    

Spread
Above

    

Interest

Acquisition 

    

    

    

Amortized 

    

    

% of 

Portfolio Company (˄)

Index (˄˄)

Rate

    

Date (˄˄˄)

Maturity

Principal

Cost

Fair Value (˄˄˄˄)

Net Assets (˄˄˄˄˄)

Non-Controlled/Non-Affiliate Company Investments

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Senior Secured Loans

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Automotive

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Born To Run, LLC

 

L+

6.00

%  

9.67

%

4/1/2021

 

4/1/2027

 

3,456

 

$

3,401

 

$

3,447

 

1.5

%

Born To Run, LLC (Delayed Draw) (*) (**)

 

L+

6.00

%  

9.67

%

4/1/2021

 

4/1/2027

 

568

 

471

 

469

 

0.2

%

Hastings Manufacturing Company

 

L+

7.25

%  

10.37

%

4/24/2018

 

4/24/2023

 

2,083

 

2,077

 

2,083

 

0.9

%

Lifted Trucks Holdings, LLC

 

L+

5.75

%  

8.03

%

8/2/2021

 

8/2/2027

 

6,948

 

6,830

 

6,868

 

3.1

%

Lifted Trucks Holdings, LLC (Delayed Draw) (*) (**)

 

L+

5.75

%  

8.03

%

8/2/2021

 

8/2/2027

 

1,400

 

 

 

0.0

%

Lifted Trucks Holdings, LLC (Revolver) (*)

 

L+

5.75

%  

8.03

%

8/2/2021

 

8/2/2027

 

1,667

 

 

 

0.0

%

 

16,122

 

12,779

 

12,867

 

5.7

%

Banking

 

  

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

MV Receivables II, LLC (Delayed Draw) (*) (**) (#)

 

L+

9.75

%  

13.42

%

7/29/2021

 

7/29/2026

 

8,000

 

6,861

 

7,122

 

3.2

%

StarCompliance MidCo, LLC

 

L+

6.75

%  

10.42

%

1/12/2021

 

1/12/2027

 

2,000

 

1,970

 

1,975

 

0.9

%

StarCompliance MidCo, LLC

 

L+

6.75

%  

10.42

%

10/12/2021

 

1/12/2027

 

336

 

330

 

331

 

0.1

%

StarCompliance MidCo, LLC (Revolver) (*)

 

L+

6.75

%  

9.87

%

1/12/2021

 

1/12/2027

 

322

 

81

 

80

 

0.0

%

 

10,658

 

9,242

 

9,508

 

4.2

%

Beverage, Food & Tobacco

 

  

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

LVF Holdings, Inc.

 

L+

6.25

%  

9.92

%

6/10/2021

 

6/10/2027

 

1,485

 

1,460

 

1,431

 

0.6

%

LVF Holdings, Inc.

 

L+

6.25

%  

9.92

%

6/10/2021

 

6/10/2027

 

1,421

 

1,421

 

1,370

 

0.6

%

LVF Holdings, Inc. (Delayed Draw) (*) (**)

 

L+

6.25

%  

9.92

%

6/10/2021

 

6/10/2027

 

344

 

 

 

0.0

%

LVF Holdings, Inc. (Revolver) (*)

 

L+

6.25

%  

9.92

%

6/10/2021

 

6/10/2027

 

238

 

176

 

169

 

0.1

%

LX/JT Intermediate Holdings, Inc.

 

SF+

6.00

%  

9.13

%

3/11/2020

 

3/11/2025

 

5,493

 

5,433

 

5,441

 

2.4

%

LX/JT Intermediate Holdings, Inc. (Revolver) (*)

 

SF+

6.00

%  

9.13

%

3/11/2020

 

3/11/2025

 

833

 

 

 

0.0

%

 

9,814

 

8,490

 

8,411

 

3.7

%

Capital Equipment

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

CGI Automated Manufacturing, LLC

SF+

6.50

%  

9.83

%

9/9/2022

 

12/17/2026

 

4,000

 

3,881

 

3,880

 

1.7

%

CGI Automated Manufacturing, LLC

SF+

6.50

%  

10.31

%

9/30/2022

 

12/17/2026

 

1,148

 

1,119

 

1,119

 

0.5

%

MCP Shaw Acquisitionco, LLC

 

SF+

6.50

%  

10.31

%

2/28/2020

 

11/28/2025

 

9,733

 

9,620

 

9,738

 

4.3

%

MCP Shaw Acquisitionco, LLC

 

SF+

6.50

%  

10.31

%

12/29/2021

 

11/28/2025

 

2,980

 

2,930

 

2,981

 

1.3

%

MCP Shaw Acquisitionco, LLC

 

SF+

6.50

%  

10.31

%

12/29/2021

 

11/28/2025

 

980

 

980

 

981

 

0.5

%

MCP Shaw Acquisitionco, LLC (Revolver) (*)

 

SF+

6.50

%  

10.31

%

2/28/2020

 

11/28/2025

 

1,784

 

 

 

0.0

%

 

20,625

 

18,530

 

18,699

 

8.3

%

8

Table of Contents

MONROE CAPITAL CORPORATION

CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)

(unaudited)

September 30, 2022

(in thousands, except for shares and units)

    

Spread
Above

Interest

Acquisition 

Amortized 

% of 

Portfolio Company (˄)

Index (˄˄)

    

Rate

    

Date (˄˄˄)

    

Maturity

    

Principal

    

Cost

    

Fair Value (˄˄˄˄)

    

Net Assets (˄˄˄˄˄)

 

Chemicals, Plastics & Rubber

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

9.12

% Cash/

Valudor Products LLC

 

L+

7.50

%  

1.50

% PIK

6/18/2018

 

6/19/2023

 

1,604

 

$

1,598

 

$

1,934

 

0.9

%

Valudor Products LLC

 

L+

7.50

%  

10.62

%  

12/22/2021

 

6/19/2023

 

502

 

502

 

1,532

 

0.7

%

Valudor Products LLC (a)

 

L+

7.50

%  

10.62

% PIK

6/18/2018

 

6/19/2023

 

253

 

252

 

249

 

0.1

%

Valudor Products LLC (Revolver) (*)

 

L+

9.50

%  

12.62

%  

6/18/2018

 

6/19/2023

 

1,095

 

315

 

315

 

0.1

%

 

3,454

 

2,667

 

4,030

 

1.8

%

Construction & Building

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

TCFIII OWL Buyer LLC

 

SF+

5.50

%  

8.65

%  

4/19/2021

 

4/17/2026

 

2,024

 

1,998

 

2,024

 

0.9

%

TCFIII OWL Buyer LLC

 

SF+

5.50

%  

8.65

%  

4/19/2021

 

4/17/2026

 

2,472

 

2,472

 

2,472

 

1.1

%

TCFIII OWL Buyer LLC

 

SF+

5.50

%  

8.65

%  

12/17/2021

 

4/17/2026

 

2,218

 

2,185

 

2,218

 

1.0

%

 

6,714

 

6,655

 

6,714

 

3.0

%

Consumer Goods: Durable

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Independence Buyer, Inc.

 

L+

5.50

%  

8.28

%  

8/3/2021

 

8/3/2026

 

5,955

 

5,860

 

5,895

 

2.6

%

Independence Buyer, Inc. (Revolver) (*)

 

L+

5.50

%  

8.28

%  

8/3/2021

 

8/3/2026

 

1,423

 

 

 

0.0

%

Recycled Plastics Industries, LLC

 

L+

6.75

%  

9.31

%  

8/4/2021

 

8/4/2026

 

3,465

 

3,409

 

3,387

 

1.5

%

Recycled Plastics Industries, LLC (Revolver) (*)

 

L+

6.75

%  

9.31

%  

8/4/2021

 

8/4/2026

 

473

 

 

 

0.0

%

 

11,316

 

9,269

 

9,282

 

4.1

%

Consumer Goods: Non-Durable

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

9.81

% Cash/

The Kyjen Company, LLC

 

SF+

7.15

%  

0.50

% PIK

5/14/2021

 

4/3/2026

 

988

 

979

 

983

 

0.4

%

9.38

% Cash/

The Kyjen Company, LLC

SF+

7.10

%  

0.50

% PIK

9/13/2022

4/3/2026

0.0

%

9.38

% Cash/

The Kyjen Company, LLC (Revolver) (*)

 

SF+

7.10

%  

0.50

% PIK

5/14/2021

 

4/3/2026

 

105

 

89

 

89

 

0.0

%

Thrasio, LLC

 

L+

7.00

%  

11.17

%  

12/18/2020

 

12/18/2026

 

2,452

 

2,445

 

2,430

 

1.1

%

 

3,545

 

3,513

 

3,502

 

1.5

%

Environmental Industries

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Quest Resource Management Group, LLC

 

L+

6.50

%  

9.06

%  

10/19/2020

 

10/20/2025

 

975

 

910

 

978

 

0.4

%

Quest Resource Management Group, LLC

 

L+

6.50

%  

9.06

%  

10/19/2020

 

10/20/2025

 

1,070

 

1,070

 

1,074

 

0.5

%

Quest Resource Management Group, LLC

 

L+

6.50

%  

9.06

%  

12/7/2021

 

10/20/2025

 

3,806

 

3,743

 

3,805

 

1.7

%

Quest Resource Management Group, LLC (Delayed Draw) (*) (**)

 

L+

6.50

%  

9.06

%  

12/7/2021

 

10/20/2025

 

1,773

 

384

 

384

 

0.2

%

 

7,624

 

6,107

 

6,241

 

2.8

%

FIRE: Finance

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

GC Champion Acquisition LLC

SF+

6.75

%  

9.77

%  

8/19/2022

 

8/18/2028

 

2,535

 

2,485

 

2,535

1.1

%

GC Champion Acquisition LLC (Delayed Draw) (*) (**)

SF+

6.75

%  

9.77

%  

8/19/2022

 

8/18/2028

 

704

 

 

0.0

%

J2 BWA Funding LLC (Delayed Draw) (*) (**) (#)

n/a

9.00

%  

12/24/2020

 

12/24/2026

 

2,750

 

1,138

 

1,118

0.5

%

Liftforward SPV II, LLC (#)

 

L+

10.75

%  

13.87

%  

11/10/2016

 

3/31/2023

 

413

 

413

 

399

 

0.2

%

Oceana Australian Fixed Income Trust (#) (b) (c)

 

n/a

10.75

%  

6/29/2021

 

6/29/2026

 

2,897

 

3,400

 

2,897

 

1.3

%

Oceana Australian Fixed Income Trust (#) (b) (c)

 

n/a

 

11.50

%  

2/25/2021

 

2/25/2026

 

6,877

 

8,460

 

6,877

 

3.0

%

W3 Monroe RE Debt LLC (#)

 

n/a

 

10.00

% PIK

2/5/2021

 

2/4/2028

 

3,129

 

3,129

 

3,129

 

1.4

%

YS WH4 LLC (Revolver) (*) (#)

 

SF+

7.00

%  

9.95

%

7/20/2022

 

11/20/2025

 

5,250

 

1,846

 

1,846

 

0.8

%

 

24,555

 

20,871

 

18,801

 

8.3

%

9

Table of Contents

MONROE CAPITAL CORPORATION

CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)

(unaudited)

September 30, 2022

(in thousands, except for shares and units)

    

Spread
Above

    

Interest

Acquisition 

    

    

    

Amortized 

    

    

% of 

Portfolio Company (˄)

Index (˄˄)

Rate

    

Date (˄˄˄)

Maturity

Principal

Cost

Fair Value (˄˄˄˄)

Net Assets (˄˄˄˄˄)

FIRE: Real Estate

Centaur (Palm Beach) Owner LLC and Panther National Golf Club LLC (#)

 

SF+

8.25

%  

10.87

%  

5/3/2022

 

4/30/2025

 

3,300

$

3,241

 

$

3,300

 

1.5

%

Centaur (Palm Beach) Owner LLC and Panther National Golf Club LLC (#)

 

SF+

8.25

%  

11.74

%  

5/3/2022

 

4/30/2025

 

337

 

337

 

337

 

0.1

%

Centaur (Palm Beach) Owner LLC and Panther National Golf Club LLC (Revolver) (*) (#)

 

SF+

8.25

%  

11.74

%  

5/3/2022

 

4/30/2025

 

1,653

 

95

 

95

 

0.0

%

Florida East Coast Industries, LLC (#)

 

n/a

 

10.50

%  

8/9/2021

 

6/28/2024

 

2,048

 

2,008

 

2,061

 

0.9

%

NCBP Property, LLC (#)

 

L+

9.50

%  

12.06

%  

12/18/2020

 

12/16/2022

 

1,950

 

1,948

 

1,952

 

0.9

%

 

9,288

 

7,629

 

7,745

 

3.4

%

Healthcare & Pharmaceuticals

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Brickell Bay Acquisition Corp.

 

L+

6.50

%  

8.78

%  

2/12/2021

 

2/12/2026

 

1,885

 

1,855

 

1,849

 

0.8

%

Brickell Bay Acquisition Corp. (Delayed Draw) (*) (**)

 

L+

6.50

%  

8.78

%  

2/12/2021

 

2/12/2026

 

382

 

 

 

0.0

%

8.09

% Cash/

Caravel Autism Health, LLC

 

SF+

8.75

%  

3.00

% PIK

6/30/2021

 

6/30/2027

 

4,989

 

4,906

 

4,572

 

2.0

%

8.09

% Cash/

Caravel Autism Health, LLC (Delayed Draw) (*) (**)

 

SF+

8.75

%  

3.00

% PIK

6/30/2021

 

6/30/2027

 

3,749

 

187

 

171

 

0.1

%

8.09

% Cash/

Caravel Autism Health, LLC (Revolver) (*)

 

SF+

8.75

%  

3.00

% PIK

6/30/2021

 

6/30/2027

 

1,253

 

878

 

805

 

0.4

%

Dorado Acquisition, Inc.

 

L+

6.25

%  

8.53

%  

6/30/2021

 

6/30/2026

 

4,950

 

4,871

 

4,943

 

2.2

%

Dorado Acquisition, Inc. (Delayed Draw) (*) (**)

 

L+

6.25

%  

8.53

%  

6/30/2021

 

6/30/2026

 

216

 

 

 

0.0

%

Dorado Acquisition, Inc. (Revolver) (*)

 

L+

6.25

%  

8.53

%  

6/30/2021

 

6/30/2026

 

596

 

 

 

0.0

%

INH Buyer, Inc.

 

L+

6.00

%  

9.67

%  

6/30/2021

 

6/28/2028

 

2,917

 

2,892

 

2,707

 

1.2

%

NationsBenefits, LLC

 

SF+

7.00

%  

9.61

%  

8/20/2021

 

8/26/2027

 

3,970

 

3,905

 

4,049

 

1.8

%

NationsBenefits, LLC

 

SF+

7.00

%  

10.15

%  

8/26/2022

 

8/26/2027

 

4,719

 

4,719

 

4,813

 

2.1

%

NationsBenefits, LLC (Delayed Draw) (*) (**)

 

SF+

7.00

%  

9.61

%  

8/26/2022

 

8/26/2027

5,089

 

 

 

0.0

%

NationsBenefits, LLC (Revolver) (*)

 

SF+

7.00

%  

9.61

%  

8/20/2021

 

8/26/2027

 

2,222

 

 

 

0.0

%

Rockdale Blackhawk, LLC (d)

 

n/a

n/a

3/31/2015

 

n/a

(e)

 

 

1,102

 

0.5

%

Seran BioScience, LLC

 

L+

6.25

%  

8.53

%  

12/31/2020

 

7/8/2027

 

2,463

 

2,429

 

2,450

 

1.1

%

Seran BioScience, LLC (Delayed Draw) (*) (**)

 

SF+

6.25

%  

9.37

%  

7/8/2022

 

7/8/2027

 

2,778

 

822

 

818

 

0.3

%

Seran BioScience, LLC (Revolver) (*)

 

L+

6.25

%  

8.53

%  

12/31/2020

 

7/8/2027

 

444

 

 

 

0.0

%

6.35

% Cash/

TigerConnect, Inc.

 

SF+

7.25

%  

3.63

% PIK

2/16/2022

 

2/16/2028

 

3,000

 

2,945

 

2,970

 

1.3

%

TigerConnect, Inc. (Delayed Draw) (*) (**)

 

SF+

7.25

%  

9.98

%  

2/16/2022

 

2/16/2028

 

124

 

 

 

0.0

%

TigerConnect, Inc. (Revolver) (*)

 

SF+

7.25

%  

9.98

%  

2/16/2022

 

2/16/2028

 

429

 

 

 

0.0

%

Whistler Parent Holdings III, Inc.

 

SF+

6.75

%  

9.90

%  

6/3/2022

 

6/2/2028

 

4,500

 

4,413

 

4,475

 

2.0

%

Whistler Parent Holdings III, Inc. (Delayed Draw) (*) (**)

SF+

6.75

%  

9.90

%  

6/3/2022

 

6/2/2028

 

1,406

 

 

 

0.0

%

Whistler Parent Holdings III, Inc. (Revolver) (*)

SF+

6.75

%  

9.90

%  

6/3/2022

 

6/2/2028

 

563

 

 

 

0.0

%

 

52,644

 

34,822

 

35,724

 

15.8

%

10

Table of Contents

MONROE CAPITAL CORPORATION

CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)

(unaudited)

September 30, 2022

(in thousands, except for shares and units)

Spread
Above

Interest

Acquisition

Amortized 

% of 

Portfolio Company (˄)

    

Index (˄˄)

Rate

Date (˄˄˄)

Maturity

Principal

Cost

Fair Value (˄˄˄˄)

Net Assets (˄˄˄˄˄)

High Tech Industries

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Arcstor Midco, LLC

 

L+

7.00

%

10.67

%  

3/16/2021

3/16/2027

4,444

$

4,372

$

4,114

1.8

%

Drawbridge Partners, LLC

 

SF+

7.00

%

10.03

% PIK

9/1/2022

9/1/2028

3,000

2,941

2,940

1.3

%

Drawbridge Partners, LLC (Delayed Draw) (*) (**)

 

SF+

7.00

%

10.03

% PIK

9/1/2022

9/1/2028

330

23

23

0.0

%

Drawbridge Partners, LLC (Revolver) (*)

 

SF+

6.50

%

9.53

%  

9/1/2022

9/1/2028

522

0.0

%

MarkLogic Corporation

 

SF+

6.50

%

9.34

%  

10/20/2020

10/20/2025

3,439

3,383

3,422

1.5

%

MarkLogic Corporation

 

SF+

6.50

%

9.34

%

11/23/2021

10/20/2025

321

316

319

0.2

%

MarkLogic Corporation

SF+

6.50

%

9.34

%  

5/10/2022

10/20/2025

2,675

2,627

2,662

1.2

%

MarkLogic Corporation

 

SF+

6.50

%

9.34

%  

11/23/2021

10/20/2025

215

215

214

0.1

%

MarkLogic Corporation (Revolver) (*)

SF+

6.50

%

9.34

%

10/20/2020

10/20/2025

269

0.0

%

Medallia, Inc.

 

L+

6.75

%

9.87

% PIK

8/15/2022

10/27/2028

2,023

1,983

2,028

0.9

%

10.64

% Cash/

Mindbody, Inc.

 

L+

8.50

%

1.50

% PIK

2/15/2019

2/14/2025

6,562

6,506

6,549

2.9

%

10.64

% Cash/

Mindbody, Inc.

 

L+

8.50

%

1.50

% PIK

9/22/2021

2/14/2025

676

676

675

0.3

%

Mindbody, Inc. (Revolver) (*)

 

L+

8.00

%

11.64

%  

2/15/2019

2/14/2025

667

0.0

%

Newforma, Inc.

 

L+

5.50

%

9.17

%  

6/30/2017

3/31/2023

1,875

1,874

1,875

0.8

%

Newforma, Inc. (Revolver) (*)

 

L+

5.50

%

9.17

%  

6/30/2017

3/31/2023

1,250

0.0

%

Planful, Inc.

 

L+

6.50

%

9.06

%  

12/28/2018

12/28/2026

9,500

9,444

9,429

4.2

%

Planful, Inc.

 

SF+

6.50

%

9.90

%  

9/12/2022

12/28/2026

530

517

526

0.2

%

Planful, Inc.

 

L+

6.50

%

9.06

%  

1/11/2021

12/28/2026

1,325

1,325

1,316

0.6

%

Planful, Inc.

 

L+

6.50

%

9.06

%  

2/11/2022

12/28/2026

884

884

877

0.4

%

Planful, Inc. (Revolver)

 

L+

6.50

%

9.06

%  

12/28/2018

12/28/2026

442

442

439

0.2

%

 

40,949

37,528

37,408

16.6

%

Hotels, Gaming & Leisure

 

Equine Network, LLC

 

SF+

8.00

%

10.63

%  

12/31/2020

12/31/2025

1,724

1,697

1,696

0.8

%

Equine Network, LLC

 

SF+

8.00

%

10.63

%  

1/29/2021

12/31/2025

782

771

769

0.3

%

Equine Network, LLC (Delayed Draw) (*) (**)

 

SF+

8.00

%

10.63

%  

12/31/2020

12/31/2025

427

0.0

%

Equine Network, LLC (Revolver) (*)

 

SF+

8.00

%

10.63

%  

12/31/2020

12/31/2025

171

0.0

%

 

3,104

2,468

2,465

1.1

%

Media: Advertising, Printing & Publishing

 

Destination Media, Inc.

 

SF+

5.50

%

8.65

%  

4/7/2017

4/7/2023

759

759

759

0.3

%

Destination Media, Inc. (Revolver) (*)

 

SF+

5.50

%

8.65

%  

4/7/2017

4/7/2023

542

0.0

%

North Haven USHC Acquisition, Inc.

 

SF+

6.50

%

10.15

%  

10/30/2020

10/30/2025

2,456

2,424

2,456

1.1

%

North Haven USHC Acquisition, Inc.

 

SF+

6.50

%

9.14

%  

7/29/2022

10/30/2025

2,605

2,567

2,588

1.2

%

North Haven USHC Acquisition, Inc.

 

SF+

6.50

%

10.15

%  

3/12/2021

10/30/2025

713

713

713

0.3

%

North Haven USHC Acquisition, Inc.

 

SF+

6.50

%

10.15

%  

9/3/2021

10/30/2025

1,439

1,439

1,438

0.6

%

North Haven USHC Acquisition, Inc. (Delayed Draw) (*) (**)

 

SF+

6.50

%

10.15

%  

7/29/2022

10/30/2025

1,056

0.0

%

North Haven USHC Acquisition, Inc. (Revolver) (*)

 

SF+

6.50

%

10.10

%  

10/30/2020

10/30/2025

416

83

83

0.0

%

Relevate Health Group, LLC

 

SF+

6.00

%

8.61

%  

11/20/2020

11/20/2025

1,478

1,458

1,472

0.7

%

Relevate Health Group, LLC (Delayed Draw) (*) (**)

 

SF+

6.00

%

8.61

%  

11/20/2020

11/20/2025

780

661

658

0.3

%

Relevate Health Group, LLC (Revolver) (*)

 

SF+

6.00

%

8.61

%  

11/20/2020

11/20/2025

316

0.0

%

Spherix Global Inc.

SF+

5.75

%

8.14

%  

12/22/2021

12/22/2026

1,095

1,078

1,081

0.5

%

Spherix Global Inc. (Revolver) (*)

SF+

5.75

%

8.14

%  

12/22/2021

12/22/2026

122

0.0

%

XanEdu Publishing, Inc.

SF+

6.50

%

9.65

%  

1/28/2020

1/28/2025

4,596

4,537

4,612

2.0

%

XanEdu Publishing, Inc.

SF+

6.50

%

9.65

%  

8/31/2022

1/28/2025

1,826

1,782

1,833

0.8

%

XanEdu Publishing, Inc. (Revolver) (*)

SF+

6.50

%

9.65

%  

1/28/2020

1/28/2025

742

0.0

%

20,941

17,501

17,693

7.8

%

11

Table of Contents

MONROE CAPITAL CORPORATION

CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)

(unaudited)

September 30, 2022

(in thousands, except for shares and units)

Spread
Above

Interest

Acquisition

Amortized 

% of 

Portfolio Company (˄)

    

Index (˄˄)

    

Rate

    

Date (˄˄˄)

    

Maturity

    

Principal

    

Cost

    

Fair Value (˄˄˄˄)

    

Net Assets (˄˄˄˄˄)

 

Media: Broadcasting & Subscription

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

6.81

% Cash/

Vice Group Holding Inc.

 

L+

12.00

%  

8.00

% PIK

5/2/2019

 

11/2/2022

 

1,636

$

1,636

 

$

1,628

 

0.7

%

6.81

% Cash/

Vice Group Holding Inc.

L+

12.00

%  

8.00

% PIK

11/4/2019

 

11/2/2022

 

314

 

314

 

312

 

0.2

%

6.81

% Cash/

Vice Group Holding Inc.

 

L+

12.00

%  

8.00

% PIK

5/2/2019

 

11/2/2022

 

513

 

513

 

510

 

0.2

%

6.71

% Cash/

Vice Group Holding Inc.

 

L+

12.00

%  

8.00

% PIK

5/2/2019

 

11/2/2022

 

193

 

193

 

192

 

0.1

%

2,656

2,656

2,642

1.2

%

Media: Diversified & Production

Attom Intermediate Holdco, LLC

 

L+

6.15

%  

9.27

%  

1/4/2019

 

1/4/2024

 

1,925

 

1,914

 

1,922

 

0.9

%

Attom Intermediate Holdco, LLC

 

L+

6.15

%  

9.27

%  

6/25/2020

1/4/2024

469

 

466

 

468

 

0.2

%

Attom Intermediate Holdco, LLC

 

L+

6.15

%  

9.27

%  

7/1/2021

 

1/4/2024

 

277

 

272

 

276

 

0.1

%

Attom Intermediate Holdco, LLC

 

SF+

6.15

%  

9.30

%  

8/4/2022

 

1/4/2024

 

798

 

784

 

797

 

0.4

%

Attom Intermediate Holdco, LLC (Revolver) (*)

 

L+

5.75

%  

8.87

%  

1/4/2019

 

1/4/2024

 

320

 

224

 

224

 

0.1

%

Bonterra, LLC (fka Cybergrants Holdings)

 

L+

6.25

%  

9.92

%  

9/8/2021

 

9/8/2027

 

12,799

 

12,638

 

12,559

 

5.6

%

Bonterra, LLC (fka Cybergrants Holdings) (Delayed Draw) (*) (**)

 

L+

6.25

%  

9.92

%  

9/8/2021

 

9/8/2027

 

2,302

 

 

 

0.0

%

Bonterra, LLC (fka Cybergrants Holdings) (Revolver) (*)

 

L+

6.25

%  

9.92

%  

9/8/2021

 

9/8/2027

 

1,069

 

652

 

640

 

0.3

%

Chess.com, LLC

 

L+

6.50

%  

10.17

%  

12/31/2021

 

12/31/2027

 

5,970

 

5,863

 

5,880

 

2.6

%

Chess.com, LLC (Revolver) (*)

 

L+

6.50

%  

10.17

%  

12/31/2021

 

12/31/2027

 

652

 

 

 

0.0

%

Crownpeak Technology, Inc.

 

SF+

7.25

%  

9.86

%  

2/28/2019

 

2/28/2024

 

4,000

 

3,975

 

4,000

 

1.8

%

Crownpeak Technology, Inc.

 

SF+

7.25

%  

11.47

%  

9/27/2022

 

2/28/2024

 

1,273

 

1,248

 

1,273

 

0.6

%

Crownpeak Technology, Inc.

 

SF+

7.25

%  

9.86

%  

2/28/2019

 

2/28/2024

 

60

 

60

 

60

 

0.0

%

Crownpeak Technology, Inc. (Delayed Draw) (*) (**)

 

SF+

7.25

%  

9.86

%  

9/27/2022

 

2/28/2024

 

3,333

 

 

 

0.0

%

Crownpeak Technology, Inc. (Revolver) (*)

 

SF+

7.25

%  

9.86

%  

2/28/2019

 

2/28/2024

 

500

 

 

 

0.0

%

Spectrum Science Communications, LLC

 

SF+

6.25

%  

9.46

%  

1/25/2022

 

1/25/2027

 

998

 

980

 

993

 

0.3

%

Spectrum Science Communications, LLC (Revolver) (*)

 

SF+

6.25

%  

9.46

%  

1/25/2022

 

1/25/2027

 

200

 

 

 

0.0

%

 

36,945

 

29,076

 

29,092

 

12.9

%

Retail

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

BLST Operating Company, LLC

L+

8.50

%  

11.29

% (***)

8/28/2020

8/28/2025

1,147

936

1,127

0.5

%

 

10.65

% Cash/

Forman Mills, Inc.

SF+

9.50

%  

2.00

% PIK

1/14/2020

4/30/2024

1,275

1,275

1,255

0.5

%

 

10.65

% Cash/

Forman Mills, Inc.

SF+

9.50

%  

2.00

% PIK

10/4/2016

4/30/2024

7,069

7,062

6,945

3.1

%

9,491

9,273

9,327

4.1

%

Services: Business

5.71

% Cash/

Aras Corporation

 

L+

7.00

%  

3.75

% PIK

4/13/2021

4/13/2027

2,135

2,105

2,148

1.0

%

Aras Corporation (Revolver) (*)

 

L+

6.50

%  

9.50

%  

4/13/2021

4/13/2027

150

50

50

0.0

%

Burroughs, Inc.

SF+

6.50

%  

9.11

%  

12/22/2017

12/22/2023

5,277

5,271

5,276

2.3

%

Burroughs, Inc. (Revolver) (*)

SF+

6.50

%  

9.11

%  

12/22/2017

12/22/2023

1,215

0.0

%

HS4 Acquisitionco, Inc.

L+

6.75

%  

10.42

%  

7/9/2019

7/9/2025

9,924

9,819

9,900

4.4

%

HS4 Acquisitionco, Inc. (Revolver) (*)

 

L+

6.75

%  

10.42

%  

7/9/2019

7/9/2025

817

245

245

0.1

%

RedZone Robotics, Inc.

 

L+

6.75

%  

9.87

%  

6/1/2018

6/5/2023

205

205

205

0.1

%

RedZone Robotics, Inc. (Revolver) (*)

 

L+

6.75

%  

9.87

%  

6/1/2018

6/5/2023

158

0.0

%

Relativity ODA LLC

 

L+

7.50

%  

10.59

% PIK

5/12/2021

5/12/2027

2,004

1,965

1,999

0.9

%

Relativity ODA LLC (Revolver) (*)

 

L+

7.50

%  

10.59

% PIK

5/12/2021

5/12/2027

180

0.0

%

Security Services Acquisition Sub Corp.

 

SF+

6.00

%  

9.03

%  

2/15/2019

9/30/2026

3,387

3,367

3,387

1.5

%

Security Services Acquisition Sub Corp.

 

SF+

6.00

%  

8.98

%  

2/15/2019

9/30/2026

2,436

2,436

2,436

1.1

%

Security Services Acquisition Sub Corp.

 

SF+

6.00

%  

9.03

%  

9/30/2021

9/30/2026

7,920

7,849

7,940

3.5

%

Security Services Acquisition Sub Corp.

 

SF+

6.00

%  

9.03

%  

2/15/2019

9/30/2026

2,140

2,140

2,140

0.9

%

Security Services Acquisition Sub Corp.

 

SF+

6.00

%  

8.98

%  

2/15/2019

9/30/2026

1,539

1,539

1,539

0.7

%

ServiceMax, Inc. (#)

 

L+

7.00

%  

9.28

% PIK

11/1/2021

11/1/2027

3,692

3,630

3,678

1.6

%

ServiceMax, Inc. (Revolver) (*) (#)

 

L+

7.00

%  

9.28

% PIK

11/1/2021

11/1/2027

350

0.0

%

10.12

% Cash/

VPS Holdings, LLC

 

L+

8.00

%  

1.00

% PIK

10/5/2018

10/4/2024

3,298

3,271

3,183

1.4

%

10.12

% Cash/

VPS Holdings, LLC

 

L+

8.00

%  

1.00

% PIK

10/5/2018

10/4/2024

2,697

2,697

2,604

1.2

%

10.12

% Cash/

VPS Holdings, LLC (Revolver) (*)

 

L+

8.00

%  

1.00

% PIK

10/5/2018

10/4/2024

1,002

102

99

0.0

%

 

50,526

46,691

46,829

20.7

%

12

Table of Contents

MONROE CAPITAL CORPORATION

CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)

(unaudited)

September 30, 2022

(in thousands, except for shares and units)

Spread
Above

Interest

Acquisition

Amortized 

% of 

Portfolio Company (˄)

    

Index (˄˄)

    

Rate

    

Date (˄˄˄)

    

Maturity

    

Principal

    

Cost

    

Fair Value (˄˄˄˄)

    

Net Assets (˄˄˄˄˄)

Services: Consumer

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Express Wash Acquisition Company, LLC

 

SF+

6.50

%  

9.13

%  

7/14/2022

 

7/14/2028

 

8,180

 

$

8,134

 

$

8,180

 

3.6

%

Express Wash Acquisition Company, LLC (Delayed Draw) (*) (**)

 

SF+

6.50

%  

10.31

%  

7/14/2022

 

7/14/2028

 

1,530

 

743

 

743

 

0.3

%

Express Wash Acquisition Company, LLC (Revolver)

 

SF+

6.50

%  

9.15

%  

7/14/2022

 

7/14/2028

 

379

 

379

 

379

 

0.2

%

Kar Wash Holdings, LLC

 

SF+

6.00

%  

7.86

%  

2/28/2022

 

2/26/2027

 

1,596

 

1,567

 

1,593

 

0.7

%

Kar Wash Holdings, LLC

SF+

6.00

%  

8.82

%  

2/28/2022

2/26/2027

1,143

1,143

1,141

0.5

%

Kar Wash Holdings, LLC (Delayed Draw) (*) (**)

 

SF+

6.00

%  

8.99

%  

8/3/2022

 

2/26/2027

 

2,667

 

1,600

 

1,597

 

0.7

%

Kar Wash Holdings, LLC (Revolver) (*)

 

SF+

6.00

%  

7.86

%  

2/28/2022

 

2/26/2027

 

572

 

 

 

0.0

%

Mammoth Holdings, LLC

 

SF+

6.00

%  

8.34

%  

10/16/2018

 

10/16/2023

 

1,925

 

1,914

 

1,925

 

0.9

%

Mammoth Holdings, LLC

 

SF+

6.00

%  

8.34

%  

10/16/2018

 

10/16/2023

 

4,042

 

4,042

 

4,042

 

1.8

%

Mammoth Holdings, LLC

 

SF+

6.00

%  

8.34

%  

3/12/2021

 

10/16/2023

 

6,307

 

6,307

 

6,311

 

2.8

%

Mammoth Holdings, LLC

 

SF+

6.00

%  

8.34

%  

6/15/2021

 

10/16/2023

 

1,637

 

1,637

 

1,638

 

0.7

%

Mammoth Holdings, LLC (Revolver) (*)

 

SF+

6.00

%  

8.34

%  

10/16/2018

 

10/16/2023

 

657

 

 

 

0.0

%

 

30,635

 

27,466

 

27,549

 

12.2

%

Telecommunications

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

American Broadband and Telecommunications Company LLC (Delayed Draw) (*) (**)

 

P+

10.00

%  

16.25

%  

6/10/2022

 

6/10/2025

 

1,844

 

1,649

 

1,663

 

0.7

%

American Broadband and Telecommunications Company LLC (Revolver) (*)

 

P+

10.00

%  

16.25

%  

6/10/2022

 

6/10/2025

 

500

 

120

 

116

 

0.1

%

Calabrio, Inc.

 

L+

7.00

%  

10.67

%  

4/16/2021

 

4/16/2027

 

3,400

 

3,331

 

3,387

 

1.5

%

Calabrio, Inc. (Revolver) (*)

 

L+

7.00

%  

10.67

%  

4/16/2021

 

4/16/2027

 

409

 

 

 

0.0

%

 

6,153

 

5,100

 

5,166

 

2.3

%

Wholesale

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

11.31

% Cash/

Nearly Natural, Inc.

 

SF+

11.50

%  

4.00

% PIK

12/15/2017

 

3/31/2024

 

6,628

 

6,621

 

6,041

 

2.7

%

11.31

% Cash/

Nearly Natural, Inc.

 

SF+

11.50

%  

4.00

% PIK

9/22/2020

 

3/31/2024

 

1,714

 

1,711

 

1,562

 

0.7

%

11.31

% Cash/

Nearly Natural, Inc.

 

SF+

11.50

%  

4.00

% PIK

2/16/2021

 

3/31/2024

 

3,115

 

3,108

 

2,839

 

1.3

%

11.31

% Cash/

Nearly Natural, Inc.

 

SF+

11.50

%  

4.00

% PIK

8/28/2019

 

3/31/2024

 

1,868

 

1,868

 

1,703

 

0.7

%

11.31

% Cash/

Nearly Natural, Inc. (Revolver)

 

SF+

11.50

%  

4.00

% PIK

12/15/2017

 

3/31/2024

 

2,505

 

2,505

 

2,283

 

1.0

%

 

15,830

 

15,813

 

14,428

 

6.4

%

Total Non-Controlled/Non-Affiliate Senior Secured Loans

 

393,589

 

334,146

 

334,123

 

147.9

%

Unitranche Secured Loans (~)

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Aerospace & Defense

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Cassavant Holdings, LLC

 

L+

6.50

%  

9.06

%  

9/8/2021

 

9/8/2026

 

7,920

 

7,791

 

7,837

 

3.5

%

 

7,920

 

7,791

 

7,837

 

3.5

%

13

Table of Contents

MONROE CAPITAL CORPORATION

CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)

(unaudited)

September 30, 2022

(in thousands, except for shares and units)

Spread
Above

Interest

Acquisition

Amortized 

% of 

Portfolio Company (˄)

    

Index (˄˄)

    

Rate

    

Date (˄˄˄)

    

Maturity

    

Principal

    

Cost

    

Fair Value (˄˄˄˄)

    

Net Assets (˄˄˄˄˄)

 

Consumer Goods: Non-Durable

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Vinci Brands LLC

 

n/a

 

2.00

% PIK(***)

7/6/2018

 

2/6/2024

 

7,026

 

$

7,026

 

$

 

0.0

%

Vinci Brands LLC

 

n/a

 

2.00

% PIK(***)

3/9/2018

 

2/6/2024

 

3,065

 

3,065

 

 

0.0

%

Vinci Brands LLC

 

n/a

 

2.00

% PIK(***)

12/26/2014

 

2/6/2024

 

13,552

 

13,528

 

 

0.0

%

Vinci Brands LLC

 

n/a

 

2.00

% PIK(***)

12/26/2014

 

2/6/2024

 

1,149

 

1,149

 

 

0.0

%

 

24,792

 

24,768

 

 

0.0

%

High Tech Industries

 

  

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

WillowTree, LLC

 

L+

5.00

%  

8.12

%  

10/9/2018

 

10/9/2023

 

7,375

 

7,344

 

7,375

 

3.3

%

 

7,375

 

7,344

 

7,375

 

3.3

%

Services: Business

 

  

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

ASG II, LLC

 

SF+

6.25

%  

9.37

%  

5/25/2022

 

5/25/2028

 

1,900

 

1,863

 

1,900

 

0.8

%

ASG II, LLC (Delayed Draw) (*) (**)

 

SF+

6.25

%  

9.37

%  

5/25/2022

 

5/25/2028

 

285

 

 

 

0.0

%

Onit, Inc.

 

SF+

7.25

%  

10.96

%  

12/20/2021

 

5/2/2025

 

1,680

 

1,655

 

1,670

 

0.7

%

 

3,865

 

3,518

 

3,570

 

1.5

%

Telecommunications

 

  

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

VB E1, LLC

 

L+

7.65

%  

11.32

%  

11/18/2020

 

11/18/2026

 

2,250

 

2,250

 

2,261

 

1.0

%

 

2,250

 

2,250

 

2,261

 

1.0

%

Total Non-Controlled/Non-Affiliate Unitranche Secured Loans

 

46,202

 

45,671

 

21,043

 

9.3

%

Junior Secured Loans

 

  

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Banking

 

  

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

MoneyLion, Inc. (#)

 

SF+

8.50

%  

12.31

%  

3/25/2022

 

3/24/2026

 

5,250

 

5,200

 

5,112

 

2.3

%

MoneyLion, Inc. (#)

 

P+

5.75

%

12.00

%  

8/27/2021

 

5/1/2023

 

1,500

 

1,490

 

1,494

 

0.6

%

MoneyLion, Inc. (Delayed Draw) (*) (**) (#)

 

SF+

8.50

%  

12.31

%  

3/25/2022

 

3/24/2026

 

1,500

 

 

 

0.0

%

 

8,250

 

6,690

 

6,606

 

2.9

%

FIRE: Real Estate

 

  

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Florida East Coast Industries, LLC (#)

 

n/a

 

16.00

% PIK

8/9/2021

 

6/28/2024

 

1,709

 

1,681

 

1,705

 

0.7

%

8.00

% Cash/

Witkoff/Monroe 700 JV LLC (Delayed Draw) (*) (**) (#)

 

n/a

 

4.00

% PIK

7/2/2021

 

7/2/2026

 

5,724

 

5,334

 

5,334

 

2.4

%

 

7,433

 

7,015

 

7,039

 

3.1

%

Services: Consumer

 

  

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

9.17

% Cash/

Education Corporation of America

 

L+

11.00

%  

5.50

% PIK(***)

9/3/2015

 

n/a

(e)

833

 

831

 

1,931

 

0.9

%

 

833

 

831

 

1,931

 

0.9

%

Total Non-Controlled/Non-Affiliate Junior Secured Loans

 

16,516

 

14,536

 

15,576

 

6.9

%

Equity Securities (<) (###)

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Automotive

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Born To Run, LLC (269,438 Class A units)

 

 

(##)

4/1/2021

 

 

 

269

312

 

0.1

%

Lifted Trucks Holdings, LLC (111,111 Class A units) (####)

 

 

(##)

8/2/2021

 

 

 

111

 

83

 

0.1

%

 

380

 

395

 

0.2

%

14

Table of Contents

MONROE CAPITAL CORPORATION

CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)

(unaudited)

September 30, 2022

(in thousands, except for shares and units)

Spread
Above

Interest

Acquisition

Amortized

% of 

Portfolio Company (˄)

    

Index (˄˄)

    

Rate

    

Date (˄˄˄)

    

Maturity

    

Principal

    

Cost

    

Fair Value (˄˄˄˄)

    

Net Assets (˄˄˄˄˄)

 

Banking

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

MV Receivables II, LLC (1,458 common units) (#) (####)

 

 

(##)

7/29/2021

 

 

 

$

600

 

$

1,220

 

0.5

%

MV Receivables II, LLC (warrant to purchase up to 0.8% of the equity) (#) (####)

 

 

(##)

7/28/2021

 

7/28/2031

 

 

363

 

1,749

 

0.8

%

 

963

 

2,969

 

1.3

%

Beverage, Food & Tobacco

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

California Pizza Kitchen, Inc. (78,699 common units)

 

 

(##)

8/19/2016

 

 

 

5,468

 

1,640

 

0.7

%

 

5,468

 

1,640

 

0.7

%

Capital Equipment

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

MCP Shaw Acquisitionco, LLC (118,906 Class A-2 units) (####)

 

 

(##)

2/28/2020

 

 

 

119

 

172

 

0.1

%

 

119

 

172

 

0.1

%

Chemicals, Plastics & Rubber

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Valudor Products LLC (501,014 Class A-1 units) (####)

 

n/a

 

10.00

% PIK

6/18/2018

 

 

 

501

 

357

 

0.2

%

 

501

 

357

 

0.2

%

Consumer Goods: Durable

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Independence Buyer, Inc. (81 Class A units)

 

 

(##)

8/3/2021

 

 

 

81

 

100

 

0.0

%

81

 

100

 

0.0

%

Environmental Industries

Quest Resource Management Group, LLC (warrant to purchase up to 0.2% of the equity)

 

 

(##)

10/19/2020

 

3/19/2028

 

 

67

 

311

 

0.1

%

Quest Resource Management Group, LLC (warrant to purchase up to 0.2% of the equity)

 

 

(##)

10/19/2021

 

3/19/2028

 

 

 

217

 

0.1

%

 

67

 

528

 

0.2

%

FIRE: Finance

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

J2 BWA Funding LLC (0.7% profit sharing) (#) (####)

 

 

(##)

12/24/2020

 

 

 

 

 

0.0

%

PKS Holdings, LLC (5,680 preferred units) (#)

 

n/a

 

12.00

% PIK

11/30/2017

 

 

 

58

 

308

 

0.2

%

PKS Holdings, LLC (5,714 preferred units) (#)

 

n/a

 

12.00

% PIK

11/30/2017

 

 

 

9

 

48

 

0.0

%

PKS Holdings, LLC (132 preferred units) (#)

 

n/a

 

12.00

% PIK

11/30/2017

 

 

 

1

 

7

 

0.0

%

PKS Holdings, LLC (916 preferred units) (#)

 

n/a

 

12.00

% PIK

11/30/2017

 

 

 

9

 

48

 

0.0

%

 

77

 

411

 

0.2

%

FIRE: Real Estate

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

8.00

% Cash/

Witkoff/Monroe 700 JV LLC (2,141 preferred units) (#) (####)

 

n/a

 

4.00

% PIK

7/2/2021

 

 

 

2

 

142

 

0.1

%

 

2

 

142

 

0.1

%

Healthcare & Pharmaceuticals

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

Dorado Acquisition, Inc. (178,891 Class A-1 units)

 

 

(##)

6/30/2021

 

 

 

179

 

179

 

0.1

%

Dorado Acquisition, Inc. (178,891 Class A-2 units)

 

 

(##)

6/30/2021

 

 

 

 

94

 

0.0

%

NationsBenefits, LLC (116,460 Series B units) (####)

 

n/a

 

5.00

% PIK

8/20/2021

 

 

 

781

 

934

 

0.4

%

NationsBenefits, LLC (106,667 shares of common units) (####)

 

 

(##)

8/20/2021

 

 

 

153

 

143

 

0.1

%

Seran BioScience, LLC (33,333 common units) (####)

 

 

(##)

12/31/2020

 

 

 

334

 

572

 

0.3

%

 

1,447

 

1,922

 

0.9

%

15

Table of Contents

MONROE CAPITAL CORPORATION

CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)

(unaudited)

September 30, 2022

(in thousands, except for shares and units)

Spread
Above

Interest

Acquisition

Amortized

% of 

 

Portfolio Company (˄)

    

Index (˄˄)

    

Rate

    

Date (˄˄˄)

    

Maturity

    

Principal

    

Cost

    

Fair Value (˄˄˄˄)

    

Net Assets (˄˄˄˄˄)

 

High Tech Industries

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

Drawbridge Partners, LLC (130,433 Class A-1 units)

(##)

9/1/2022

$

130

$

130

0.1

%

MarkLogic Corporation (290,239 Class A units)

 

 

(##)

10/20/2020

 

 

 

 

349

 

0.1

%

Planful, Inc. (473,082 Class A units)

 

n/a

 

8.00

% PIK

 

12/28/2018

 

 

 

473

 

479

 

0.2

%

Recorded Future, Inc. (80,486 Class A units) (f)

 

 

(##)

7/3/2019

 

 

 

81

 

229

 

0.1

%

 

684

 

1,187

 

0.5

%

Hotels, Gaming & Leisure

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

Equine Network, LLC (108 Class A units) (####)

 

 

(##)

12/31/2020

 

 

 

111

 

85

 

0.0

%

 

111

 

85

 

0.0

%

Media: Advertising, Printing & Publishing

AdTheorent Holding Company, Inc. (177,362 shares of common stock) (#) (g)

 

 

(##)

12/22/2016

 

 

 

114

 

381

 

0.2

%

InMobi Pte, Ltd. (warrant to purchase up to 2.8% of the equity) (#) (c)

 

 

(##)

9/18/2015

 

9/18/2025

 

 

 

1,953

 

0.9

%

Relevate Health Group, LLC (40 preferred units)

 

n/a

 

12.00

% PIK

 

11/20/2020

 

 

 

40

 

33

 

0.0

%

Relevate Health Group, LLC (40 Class B common units)

 

 

(##)

11/20/2020

 

 

 

 

 

0.0

%

Spherix Global Inc. (81 Class A units)

 

 

(##)

12/22/2021

 

 

 

81

 

55

 

0.0

%

XanEdu Publishing, Inc. (49,479 Class A units)

 

n/a

 

8.00

% PIK

 

1/28/2020

 

 

 

49

 

179

 

0.1

%

 

284

 

2,601

 

1.2

%

Media: Diversified & Production

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

Attom Intermediate Holdco, LLC (297,197 Class A units) (####)

 

 

(##)

1/4/2019

 

 

297

 

449

 

0.2

%

Chess.com, LLC (2 Class A units) (####)

 

 

(##)

12/31/2021

 

 

87

 

57

 

0.0

%

 

384

 

506

 

0.2

%

Retail

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

BLST Operating Company, LLC (139,883 Class A units) (####)

 

 

(##)

8/28/2020

 

 

712

 

420

 

0.2

%

Forman Mills, Inc. (warrant to purchase up to 2.6% of the equity)

 

 

(##)

1/14/2020

1/14/2029

 

 

 

337

 

0.1

%

Luxury Optical Holdings Co. (h)

 

n/a

 

n/a

(##)

9/12/2014

 

 

 

118

 

0.1

%

 

712

 

875

 

0.4

%

Services: Business

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

APCO Worldwide, Inc. (100 Class A voting common stock)

 

 

(##)

11/1/2017

 

 

 

395

 

939

 

0.4

%

 

395

 

939

 

0.4

%

Services: Consumer

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

Education Corporation of America - Series G Preferred Stock (8,333 shares)

 

n/a

 

12.00

% PIK(***)

9/3/2015

 

 

 

7,492

 

 

0.0

%

Express Wash Acquisition Company, LLC (121,311 Class A units) (####)

 

n/a

 

8.00

% PIK

 

12/28/2020

 

 

 

125

 

131

 

0.1

%

IDIG Parent, LLC (245,958 shares of common stock) (####) (i)

 

 

(##)

1/4/2021

 

 

 

248

 

312

 

0.1

%

Kar Wash Holdings, LLC (99,807 Class A units)

 

 

(##)

2/28/2022

 

 

 

103

 

116

 

0.0

%

 

7,968

 

559

 

0.2

%

Telecommunications

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

American Broadband and Telecommunications Company LLC (warrant to purchase up to 0.2% of the equity)

 

 

(##)

6/10/2022

 

6/10/2032

 

 

42

 

70

 

0.0

%

 

42

 

70

 

0.0

%

Wholesale

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

Nearly Natural, Inc. (152,174 Class A units)

 

 

(##)

12/15/2017

 

 

 

153

 

 

0.0

%

Nearly Natural, Inc. (53,781 Class AA units)

 

 

(##)

8/27/2021

 

 

 

54

 

 

0.0

%

 

207

 

 

0.0

%

Total Non-Controlled/Non-Affiliate Equity Securities

 

  

 

  

 

19,892

 

15,458

 

6.8

%

Total Non-Controlled/Non-Affiliate Company Investments

  

 

  

 

$

414,245

 

$

386,200

 

170.9

%

16

Table of Contents

MONROE CAPITAL CORPORATION

CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)

(unaudited)

September 30, 2022

(in thousands, except for shares and units)

Spread
Above

Interest

Acquisition

Amortized 

% of 

 

Portfolio Company (˄)

    

Index (˄˄)

    

Rate

    

Date (˄˄˄)

    

Maturity

    

Principal

    

Cost

    

Fair Value (˄˄˄˄)

    

Net Assets (˄˄˄˄˄)

 

Non-Controlled Affiliate Company Investments (<<)

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

Senior Secured Loans

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

Beverage, Food & Tobacco

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

TJ Management HoldCo LLC (Revolver) (*)

L+

5.50

%  

8.62

%  

9/9/2020

 

6/28/2024

 

477

 

$

80

 

$

80

 

0.0

%

477

 

80

 

80

 

0.0

%

FIRE: Real Estate

  

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

American Community Homes, Inc.

SF+

8.00

%  

11.15

%  

7/22/2014

 

12/31/2026

 

10,923

 

10,923

 

9,034

 

4.0

%

American Community Homes, Inc.

SF+

14.50

%  

17.65

% PIK

7/22/2014

 

12/31/2026

 

5,137

 

5,137

 

4,249

 

1.9

%

American Community Homes, Inc.

SF+

8.00

%  

11.15

%  

5/24/2017

 

12/31/2026

 

662

 

662

 

548

 

0.2

%

American Community Homes, Inc.

SF+

8.00

%  

11.15

%  

8/10/2018

 

12/31/2026

 

2,435

 

2,435

 

2,014

 

0.9

%

American Community Homes, Inc.

SF+

8.00

%  

11.15

%  

3/29/2019

 

12/31/2026

 

4,507

 

4,507

 

3,728

 

1.7

%

American Community Homes, Inc.

SF+

8.00

%  

11.15

%  

9/30/2019

 

12/31/2026

 

21

 

21

 

18

 

0.0

%

American Community Homes, Inc.

SF+

8.00

%  

11.15

%  

12/30/2019

 

12/31/2026

 

103

 

103

 

85

 

0.0

%

American Community Homes, Inc. (Revolver) (*)

SF+

8.00

%  

11.15

%  

3/30/2020

 

12/31/2026

 

2,500

 

 

 

0.0

%

HFZ Capital Group LLC (#) (j)

L+

12.50

%  

15.06

% PIK

10/20/2017

 

n/a

(e)

13,242

 

13,242

 

15,888

 

7.0

%

HFZ Capital Group LLC (#) (j)

L+

12.50

%  

15.06

% PIK

10/20/2017

 

n/a

(e)

4,758

 

4,758

 

5,708

 

2.5

%

MC Asset Management (Corporate), LLC (#)

L+

15.00

%  

17.28

% PIK

1/26/2021

 

1/26/2024

 

8,057

 

8,057

 

8,057

 

3.6

%

MC Asset Management (Corporate), LLC (Delayed Draw) (*) (**) (#)

L+

15.00

%  

17.28

% PIK

4/26/2021

 

1/26/2024

 

1,750

 

957

 

957

 

0.4

%

Second Avenue SFR Holdings II LLC (Revolver) (*) (#)

L+

7.00

%  

9.56

%  

8/11/2021

 

8/9/2024

 

4,875

 

4,785

 

4,767

 

2.1

%

58,970

 

55,587

 

55,053

 

24.3

%

Healthcare & Pharmaceuticals

  

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

Ascent Midco, LLC

L+

5.75

%  

8.87

%  

2/5/2020

 

2/5/2025

 

6,261

 

6,197

 

6,160

 

2.7

%

Ascent Midco, LLC (Revolver) (*)

L+

5.75

%  

8.87

%  

2/5/2020

 

2/5/2025

 

1,129

 

 

 

0.0

%

7,390

 

6,197

 

6,160

 

2.7

%

High Tech Industries

  

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

6.21

% Cash/

Mnine Holdings, Inc.

SF+

8.00

5.00

% PIK

11/2/2018

 

12/30/2022

 

5,423

 

5,407

 

6,001

 

2.7

%

Mnine Holdings, Inc. (Revolver) (*)

SF+

3.00

6.24

%

8/9/2022

12/30/2022

533

240

240

0.1

%

5,956

 

5,647

 

6,241

 

2.8

%

Services: Business

  

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

Curion Holdings, LLC (k)

n/a

 

n/a

5/2/2017

 

n/a

(e)

 

 

146

 

0.1

%

 

 

146

 

0.1

%

Services: Consumer

  

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

NECB Collections, LLC (Revolver) (*)

L+

11.00

%  

14.61

% PIK(***)

6/25/2019

 

n/a

(e)

1,356

 

1,312

 

426

 

0.2

%

1,356

 

1,312

 

426

 

0.2

%

Total Non-Controlled Affiliate Senior Secured Loans

74,149

 

68,823

 

68,106

 

30.1

%

Junior Secured Loans

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

FIRE: Real Estate

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

SFR Holdco, LLC (#)

n/a

 

8.00

%  

8/6/2021

 

7/28/2028

 

5,850

 

5,850

 

5,850

 

2.6

%

5,850

 

5,850

 

5,850

 

2.6

%

Total Non-Controlled Affiliate Company Junior Secured Loans

5,850

 

5,850

 

5,850

 

2.6

%

17

Table of Contents

MONROE CAPITAL CORPORATION

CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)

(unaudited)

September 30, 2022

(in thousands, except for shares and units)

Spread
Above

Interest

Acquisition

Amortized 

% of 

 

Portfolio Company (˄)

    

Index (˄˄)

    

Rate

    

Date (˄˄˄)

    

Maturity

    

Principal

    

Cost

    

Fair Value (˄˄˄˄)

    

Net Assets (˄˄˄˄˄)

 

Equity Securities (###) (<<)

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

Beverage, Food & Tobacco

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

TJ Management HoldCo LLC (16 shares of common stock) (####)

 

(##)

9/9/2020

 

 

 

$

1,631

 

$

2,741

 

1.2

%

1,631

 

2,741

 

1.2

%

FIRE: Real Estate

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

American Community Homes, Inc. (warrant to purchase up to 22.3% of the equity)

 

(##)

10/9/2014

 

12/18/2024

 

 

 

 

0.0

%

MC Asset Management (Corporate), LLC (15.9% of interests) (#) (####) (j)

 

(##)

6/11/2019

 

 

 

793

 

751

 

0.4

%

SFR Holdco, LLC (24.4% of interests) (#)

 

(##)

8/6/2021

 

 

 

3,900

 

3,900

 

1.7

%

4,693

 

4,651

 

2.1

%

Healthcare & Pharmaceuticals

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

Ascent Midco, LLC (2,032,258 Class A units) (####)

n/a

 

8.00

% PIK

2/5/2020

 

 

 

2,032

 

1,418

 

0.6

%

Familia Dental Group Holdings, LLC (1,158 Class A units) (####) (l)

 

(##)

4/8/2016

 

 

 

3,968

 

2,508

 

1.1

%

6,000

 

3,926

 

1.7

%

High Tech Industries

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

Mnine Holdings, Inc. (6,400 Class B units)

 

(##)

6/30/2020

 

 

 

 

 

0.0

%

 

 

0.0

%

Services: Business

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

Curion Holdings, LLC (58,779 shares of common stock) (k)

 

(##)

8/17/2018

 

 

 

 

 

0.0

%

 

 

0.0

%

Services: Consumer

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

NECB Collections, LLC (20.8% of LLC units) (####)

 

(##)

6/21/2019

 

 

 

1,458

 

 

0.0

%

1,458

 

 

0.0

%

Total Non-Controlled Affiliate Equity Securities

  

 

  

 

13,782

 

11,318

 

5.0

%

Total Non-Controlled Affiliate Company Investments

  

 

  

 

$

88,455

 

$

85,274

 

37.7

%

Controlled Affiliate Company Investments (<<<)

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

Equity Securities

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

Investment Funds & Vehicles

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

MRCC Senior Loan Fund I, LLC (50.0% of the equity interests) (#)

 

 

10/31/2017

 

 

 

$

42,650

 

$

36,544

 

16.2

%

Total Controlled Affiliate Equity Securities

  

 

  

 

42,650

 

36,544

 

16.2

%

Total Controlled Affiliate Company Investments

  

 

  

 

$

42,650

 

$

36,544

 

16.2

%

TOTAL INVESTMENTS

$

545,350

 

$

508,018

 

224.8

%

Derivative Instruments

Foreign currency forward contracts

    

Notional Amount 

    

Notional Amount 

    

    

Settlement 

    

Unrealized Gain 

Description

to be Purchased

to be Sold

Counterparty

Date

(Loss)

Foreign currency forward contract

$

117

 

AUD

152

 

Bannockburn Global Forex, LLC

 

10/19/2022

$

20

Foreign currency forward contract

$

105

 

AUD

136

 

Bannockburn Global Forex, LLC

 

11/16/2022

 

18

Foreign currency forward contract

$

109

 

AUD

142

 

Bannockburn Global Forex, LLC

 

12/16/2022

 

19

Foreign currency forward contract

$

118

 

AUD

153

 

Bannockburn Global Forex, LLC

 

1/18/2023

 

20

Foreign currency forward contract

$

108

 

AUD

140

 

Bannockburn Global Forex, LLC

 

2/16/2023

 

18

Foreign currency forward contract

$

102

 

AUD

132

 

Bannockburn Global Forex, LLC

 

3/16/2023

 

18

Foreign currency forward contract

$

123

 

AUD

160

 

Bannockburn Global Forex, LLC

 

4/20/2023

 

21

Foreign currency forward contract

$

93

 

AUD

121

 

Bannockburn Global Forex, LLC

 

5/16/2023

 

16

Foreign currency forward contract

$

121

 

AUD

156

 

Bannockburn Global Forex, LLC

 

6/19/2023

 

21

Foreign currency forward contract

$

107

 

AUD

138

 

Bannockburn Global Forex, LLC

 

7/18/2023

 

18

Foreign currency forward contract

$

113

 

AUD

146

 

Bannockburn Global Forex, LLC

 

8/16/2023

 

19

Foreign currency forward contract

$

113

 

AUD

146

 

Bannockburn Global Forex, LLC

 

9/18/2023

 

19

Foreign currency forward contract

$

114

 

AUD

148

 

Bannockburn Global Forex, LLC

 

10/18/2023

 

19

Foreign currency forward contract

$

107

 

AUD

140

 

Bannockburn Global Forex, LLC

 

11/16/2023

 

18

Foreign currency forward contract

$

109

 

AUD

142

 

Bannockburn Global Forex, LLC

 

12/18/2023

 

18

Foreign currency forward contract

$

115

 

AUD

150

 

Bannockburn Global Forex, LLC

 

1/17/2024

 

19

Foreign currency forward contract

$

110

 

AUD

143

 

Bannockburn Global Forex, LLC

 

2/16/2024

 

18

Foreign currency forward contract

$

11,827

 

AUD

15,410

 

Bannockburn Global Forex, LLC

 

3/18/2024

 

1,965

$

2,284

18

Table of Contents

(˄) All of the Company's investments are issued by eligible portfolio companies, as defined in the Investment Company Act of 1940 (the “1940 Act”), unless otherwise noted. All of the Company's investments are issued by U.S. portfolio companies unless otherwise noted.

(˄˄) The majority of the investments bear interest at a rate that may be determined by reference to the London Interbank Offered Rate (“LIBOR” or “L”), Prime Rate (“Prime” or “P”), or Secured Overnight Financing Rate ("SOFR" or "SF") which reset daily, monthly, quarterly, or semiannually. For each such investment, the Company has provided the spread over LIBOR, Prime, or SOFR and the current contractual interest rate in effect at September 30, 2022. Certain investments may be subject to an interest rate floor or rate cap. Certain investments contain a Payment-in-Kind (“PIK”) provision.

(˄˄˄) Except as otherwise noted, all of the Company’s portfolio company investments, which as of September 30, 2022 represented 224.8% of the Company’s net assets or 95.4% of the Company’s total assets, are subject to legal restrictions on sales.

(˄˄˄˄) Because there is no readily available market value for these investments, the fair value of these investments is determined in good faith using significant unobservable inputs by the Valuation Designee. (See Note 4 in the accompanying notes to the consolidated financial statements.)

(˄˄˄˄˄) Percentages are based on net assets of $225,956 as of September 30, 2022.

(~) The Company structures its unitranche secured loans as senior secured loans. The Company obtains security interests in the assets of these portfolio companies that serve as collateral in support of the repayment of these loans. This collateral may take the form of first-priority liens on the assets of a portfolio company. Generally, the Company syndicates a “first out” portion of the loan to an investor and retains a "last out” portion of the loan, in which case the “first out” portion of the loan will generally receive priority with respect to payments of principal, interest and any other amounts due thereunder. Unitranche structures combine characteristics of traditional first lien senior secured as well as second lien and subordinated loans and the Company’s unitranche secured loans will expose the Company to the risks associated with second lien and subordinated loans and may limit the Company’s recourse or ability to recover collateral upon a portfolio company’s bankruptcy. Unitranche secured loans typically provide for moderate loan amortization in the initial years of the facility, with the majority of the amortization deferred until loan maturity. Unitranche secured loans generally allow the borrower to make a large lump sum payment of principal at the end of the loan term, and there is a risk of loss if the borrower is unable to pay the lump sum or refinance the amount owed at maturity. In many cases the Company, together with its affiliates, are the sole or majority lender of these unitranche secured loans, which can afford the Company additional influence with a borrower in terms of monitoring and, if necessary, remediation in the event of underperformance.

(<) Represents less than 5% ownership of the portfolio company’s voting securities.

(<<) As defined in the 1940 Act, the Company is deemed to be an “Affiliated Person” of the portfolio company as it owns 5% or more of the portfolio company’s voting securities. See Note 5 in the accompanying notes to the consolidated financial statements for additional information on transactions in which the issuer was an Affiliated Person (but not a portfolio company that the Company is deemed to control).

(<<<) As defined in the 1940 Act, the Company is deemed to be both an “Affiliated Person” of and to “Control” this portfolio company as it owns more than 25% of the portfolio company’s voting securities. See Note 5 in the accompanying notes to the consolidated financial statements for additional information on transactions in which the issuer was both an Affiliated Person and a portfolio company that the Company is deemed to Control.

(#) This investment is treated as a non-qualifying investment under Section 55(a) of the 1940 Act. Under the 1940 Act, the Company may not acquire any non-qualifying asset unless, at the time the acquisition is made, qualifying assets represent at least 70% of the Company’s total assets. As of September 30, 2022, non-qualifying assets totaled 25.7% of the Company’s total assets.

(##) Represents a non-income producing security.

(###) Ownership of certain equity investments may occur through a holding company or partnership.

(####) Investment is held by a taxable subsidiary of the Company. See Note 2 in the accompanying notes to the consolidated financial statements for additional information on the Company’s wholly-owned taxable subsidiaries.

(*) All or a portion of this commitment was unfunded at September 30, 2022. As such, interest is earned only on the funded portion of this commitment.

(**) This delayed draw loan requires that certain financial covenants be met by the portfolio company prior to any fundings.

(***) This position was on non-accrual status as of September 30, 2022, meaning that the Company has ceased accruing interest income on the position. See Note 2 in the accompanying notes to the consolidated financial statements for additional information on the Company’s accounting policies.

(a) This investment represents a note convertible to preferred shares of the borrower.

(b) This loan is denominated in Australian dollars and is translated into U.S. dollars as of the valuation date.

(c) This is an international company.

19

Table of Contents

(d) During 2020, an arbitrator issued a final award in favor of the estate of Rockdale Blackhawk, LLC (the “Estate”) in the legal proceeding between the Estate and a national insurance carrier. The Company's share of the net proceeds from the award exceeded the contractual obligations due to the Company as a result of the Company’s right to receive excess proceeds pursuant to the terms of a sharing agreement between the lenders and the Estate. This investment is a non-income producing security.

(e) This is a demand note with no stated maturity.

(f) As of September 30, 2022, the Company was party to a subscription agreement with a commitment to fund an additional equity investment of $16.

(g) The fair value of this investment was valued using Level 1 inputs. See Note 4 in the accompanying notes to the consolidated financial statements.

(h) During the three months ended December 31, 2021, the Company sold its investment in Luxury Optical Holding Co. The remaining fair value at September 30, 2022 represents the remaining expected escrow proceeds associated with the sale.

(i) As of September 30, 2022, the Company was party to a subscription agreement with a commitment to fund an equity investment of $43.

(j) The Company restructured its investments in HFZ Capital Group LLC (“HFZ”) and HFZ Member RB portfolio, LLC (“Member RB”) during 2020. As part of the restructuring of HFZ, the Company obtained a 15.9% equity interest in MC Asset Management (Corporate), LLC (“Corporate”). As part of the Member RB restructuring, the Company exchanged its loan in Member RB for a promissory note in MC Asset Management (Industrial), LLC (“Industrial”). Corporate owns 100% of the equity of Industrial. In conjunction with these restructurings, the Company participated $4,758 of principal of its loan to HFZ as an equity contribution to Industrial. This participation did not qualify for sale accounting under ASC Topic 860–Transfers and Servicing because the sale did not meet the definition of a “participating interest”, as defined in the guidance, in order for sale treatment to be allowed. As a result, the Company continues to reflect its full investment in HFZ but has split the loan into two investments.

(k) During the three months ended September 30, 2022, Curion Holdings, LLC (“Curion”) sold the underlying operating company and repaid the Company’s debt investment. The remaining fair value at September 30, 2022 represents the remaining expected escrow proceeds associated with the sale. The Company continues to hold an equity investment in Curion that is valued at zero at September 30, 2022.

(l) As of September 30, 2022, the Company was party to a subscription agreement with a commitment to fund an additional equity investment of $244.

n/a - not applicable

20

Table of Contents

MONROE CAPITAL CORPORATION

CONSOLIDATED SCHEDULE OF INVESTMENTS

December 31, 2021

(in thousands, except for shares and units)

    

Spread

    

    

    

    

    

    

    

Above

Interest

Acquisition

Fair

% of

Portfolio Company (a)

Index (b)

    

Rate

    

Date (c)

    

Maturity

    

Principal

    

Amortized Cost

    

Value (d)

    

Net Assets (e)

Non-Controlled/Non-Affiliate Company Investments

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

Senior Secured Loans

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

Automotive

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

Born To Run, LLC

 

L+

6.00

%  

7.00

%

4/1/2021

 

4/1/2027

 

3,483

$

3,419

$

3,544

 

1.4

%

Born To Run, LLC (Delayed Draw) (f) (g)

 

L+

6.00

%  

7.00

%

4/1/2021

 

4/1/2027

 

569

 

33

 

34

 

0.0

%

Hastings Manufacturing Company

 

L+

7.25

%  

8.25

%

4/24/2018

 

4/24/2023

 

2,524

 

2,508

 

2,524

 

1.0

%

Lifted Trucks Holdings, LLC

 

L+

5.75

%  

6.75

%

8/2/2021

 

8/2/2027

 

7,000

 

6,866

 

6,979

 

2.8

%

Lifted Trucks Holdings, LLC (Delayed Draw) (f) (g)

 

L+

5.75

%  

6.75

%

8/2/2021

 

8/2/2027

 

1,400

 

 

 

0.0

%

Lifted Trucks Holdings, LLC (Revolver) (f)

 

L+

5.75

%  

6.75

%

8/2/2021

 

8/2/2027

 

1,667

 

444

 

443

 

0.2

%

Magneto & Diesel Acquisition, Inc.

 

L+

5.50

%  

6.50

%

12/18/2018

 

12/18/2023

 

4,850

 

4,812

 

4,850

 

1.9

%

Magneto & Diesel Acquisition, Inc.

 

L+

5.50

%  

6.50

%

7/6/2020

 

12/18/2023

 

1,908

 

1,885

 

1,938

 

0.8

%

Magneto & Diesel Acquisition, Inc.

 

L+

5.50

%  

6.50

%

8/4/2021

 

12/18/2023

 

829

 

815

 

842

 

0.4

%

Magneto & Diesel Acquisition, Inc. (Revolver) (f)

 

L+

5.50

%  

6.50

%

12/18/2018

 

12/18/2023

 

500

 

 

 

0.0

%

 

 

 

 

24,730

20,782

21,154

8.5

%

Banking

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

MV Receivables II, LLC (Delayed Draw) (f) (g) (h)

 

L+

9.75

%  

11.25

%

7/29/2021

 

7/29/2026

 

8,000

 

971

 

1,289

 

0.5

%

StarCompliance MidCo, LLC

 

L+

6.75

%  

7.75

%

1/12/2021

 

1/11/2027

 

2,000

 

1,965

 

2,000

 

0.8

%

StarCompliance MidCo, LLC

 

L+

6.75

%  

7.75

%

10/12/2021

 

1/11/2027

 

336

 

329

 

336

 

0.1

%

StarCompliance MidCo, LLC (Revolver) (f)

 

L+

6.75

%  

7.75

%

1/12/2021

 

1/11/2027

 

322

 

 

 

0.0

%

 

10,658

3,265

 

3,625

1.4

%

Beverage, Food & Tobacco

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

LVF Holdings, Inc.

 

L+

6.25

%  

7.25

%

6/10/2021

 

6/10/2027

 

1,496

 

1,468

 

1,496

 

0.6

%

LVF Holdings, Inc.

 

L+

6.25

%  

7.25

%

6/10/2021

 

6/10/2027

 

1,432

 

1,432

 

1,432

 

0.6

%

LVF Holdings, Inc. (Delayed Draw) (f) (g)

 

L+

6.25

%  

7.25

%

6/10/2021

 

6/10/2027

 

344

 

 

 

0.0

%

LVF Holdings, Inc. (Revolver) (f)

 

L+

6.25

%  

7.25

%

6/10/2021

 

6/10/2027

 

238

 

119

 

119

 

0.0

%

LX/JT Intermediate Holdings, Inc. (k)

 

L+

6.00

%  

7.50

%

3/11/2020

 

3/11/2025

 

9,375

 

9,246

 

9,239

 

3.7

%

LX/JT Intermediate Holdings, Inc. (Revolver) (f)

 

L+

6.00

%  

7.50

%

3/11/2020

 

3/11/2025

 

833

 

 

 

0.0

%

Toojay's Management LLC (l)

 

n/a

 

n/a

(m)

10/26/2018

 

10/26/2022

 

1,448

 

1,407

 

 

0.0

%

Toojay's Management LLC (l)

 

n/a

 

n/a

(m)

10/26/2018

 

10/26/2022

 

199

 

199

 

 

0.0

%

Toojay's Management LLC (Revolver) (l)

 

n/a

 

n/a

(m)

10/26/2018

 

10/26/2022

 

66

 

66

 

 

0.0

%

 

 

 

 

15,431

13,937

12,286

4.9

%

21

Table of Contents

MONROE CAPITAL CORPORATION

CONSOLIDATED SCHEDULE OF INVESTMENTS – (continued)

December 31, 2021

(in thousands, except for shares and units)

Spread

 

Above

Interest

Acquisition

% of

 

Portfolio Company (a)

    

Index (b)

    

Rate

    

Date (c)

    

Maturity

    

Principal

    

Amortized Cost

    

Fair Value (d)

    

Net Assets (e)

 

Capital Equipment

MCP Shaw Acquisitionco, LLC (k)

 

SF+

6.50

%    

7.50

%

2/28/2020

 

11/28/2025

 

9,733

$

9,595

$

9,699

 

3.9

%

MCP Shaw Acquisitionco, LLC

 

SF+

6.50

%  

7.50

%

12/29/2021

 

11/28/2025

 

3,002

 

2,942

 

2,992

 

1.2

%

MCP Shaw Acquisitionco, LLC (Delayed Draw) (f) (g)

 

SF+

6.50

%  

7.50

%

12/29/2021

 

11/28/2025

 

983

 

 

 

0.0

%

MCP Shaw Acquisitionco, LLC (Revolver) (f)

 

SF+

6.50

%  

7.50

%

2/28/2020

 

11/28/2025

 

1,784

 

 

 

0.0

%

 

 

 

 

15,502

12,537

12,691

5.1

%

Chemicals, Plastics & Rubber

7.00

% Cash/

Valudor Products LLC

 

L+

7.50

%  

1.50

% PIK

6/18/2018

 

6/19/2023

 

1,585

 

1,574

 

1,871

 

0.7

%

Valudor Products LLC

 

L+

7.50

%  

8.50

%

12/22/2021

 

6/19/2023

 

548

 

548

 

1,469

 

0.6

%

Valudor Products LLC (n)

 

L+

7.50

%  

8.50

% PIK

6/18/2018

 

6/19/2023

 

237

 

234

 

230

 

0.1

%

Valudor Products LLC (Revolver) (f)

 

L+

9.50

%  

10.50

%

6/18/2018

 

6/19/2023

 

1,095

 

480

 

479

 

0.2

%

 

 

 

 

3,465

2,836

4,049

1.6

%

Construction & Building

Dude Solutions Holdings, Inc.

 

L+

6.25

%  

7.25

%

6/14/2019

 

6/13/2025

 

9,900

 

9,755

 

9,870

 

4.0

%

Dude Solutions Holdings, Inc. (Revolver) (f)

 

L+

6.25

%  

7.25

%

6/14/2019

 

6/13/2025

 

1,304

 

 

 

0.0

%

TCFIII OWL Buyer LLC

 

L+

6.00

%  

7.00

%

4/19/2021

 

4/17/2026

 

2,040

 

2,008

 

2,040

 

0.8

%

TCFIII OWL Buyer LLC

 

L+

6.00

%  

7.00

%

4/19/2021

 

4/17/2026

 

2,491

 

2,491

 

2,491

 

1.0

%

TCFIII OWL Buyer LLC

 

L+

6.00

%  

7.00

%

12/17/2021

 

4/17/2026

 

2,235

 

2,196

 

2,235

 

0.9

%

 

 

 

 

17,970

16,450

16,636

6.7

%

Consumer Goods: Durable

Independence Buyer, Inc.

 

L+

5.75

%  

6.75

%

8/3/2021

 

8/3/2026

 

6,000

 

5,887

 

6,000

 

2.4

%

Independence Buyer, Inc. (Revolver) (f)

 

L+

5.75

%  

6.75

%

8/3/2021

 

8/3/2026

 

1,423

 

 

 

0.0

%

Recycled Plastics Industries, LLC

 

L+

6.75

%  

7.75

%

8/4/2021

 

8/4/2026

 

3,491

 

3,426

 

3,491

 

1.4

%

Recycled Plastics Industries, LLC (Revolver) (f)

 

L+

6.75

%  

7.75

%

8/4/2021

 

8/4/2026

 

473

 

142

 

142

 

0.1

%

 

 

 

 

11,387

9,455

9,633

3.9

%

Consumer Goods: Non-Durable

The Kyjen Company, LLC

 

L+

6.50

%  

7.50

%

5/14/2021

 

4/3/2026

 

993

 

983

 

997

 

0.4

%

The Kyjen Company, LLC (Revolver) (f)

 

L+

6.50

%  

7.50

%

5/14/2021

 

4/3/2026

 

105

 

43

 

43

 

0.0

%

Thrasio, LLC

 

L+

7.00

%  

8.00

%

12/18/2020

 

12/18/2026

 

2,470

 

2,438

 

2,470

 

1.0

%

 

 

 

 

3,568

3,464

3,510

1.4

%

Environmental Industries

Quest Resource Management Group, LLC

 

L+

6.50

%  

7.50

%

10/19/2020

 

10/20/2025

 

990

 

924

 

989

 

0.4

%

Quest Resource Management Group, LLC

 

L+

6.50

%  

7.50

%

10/19/2020

 

10/20/2025

 

1,087

 

1,087

 

1,086

 

0.4

%

Quest Resource Management Group, LLC

 

L+

6.50

%  

7.50

%

12/7/2021

 

10/20/2025

 

3,856

 

3,779

 

3,853

 

1.6

%

Quest Resource Management Group, LLC (Delayed Draw) (f) (g)

 

L+

6.50

%  

7.50

%

12/7/2021

 

10/20/2025

 

1,778

 

 

 

0.0

%

StormTrap, LLC

 

L+

5.50

%  

6.50

%

12/10/2018

 

12/8/2023

 

7,170

 

7,114

 

7,170

 

2.9

%

StormTrap, LLC (Revolver) (f)

 

L+

5.50

%  

6.50

%

12/10/2018

 

12/8/2023

 

432

 

 

 

0.0

%

Synergy Environmental Corporation (k)

 

L+

6.00

%  

7.00

%

4/29/2016

 

9/29/2023

 

2,853

 

2,846

 

2,853

 

1.1

%

Synergy Environmental Corporation (k)

 

L+

6.00

%  

7.00

%

4/29/2016

 

9/29/2023

 

477

 

476

 

477

 

0.2

%

Synergy Environmental Corporation

 

L+

6.00

%  

7.00

%

4/29/2016

 

9/29/2023

 

810

 

810

 

810

 

0.3

%

Synergy Environmental Corporation (Revolver) (f)

 

L+

6.00

%  

7.00

%

4/29/2016

 

9/29/2023

 

671

 

 

 

0.0

%

 

20,124

 

17,036

 

17,238

6.9

%

22

Table of Contents

MONROE CAPITAL CORPORATION

CONSOLIDATED SCHEDULE OF INVESTMENTS – (continued)

December 31, 2021

(in thousands, except for shares and units)

    

Spread

    

    

    

    

    

    

    

Above

Interest

Acquisition

Fair

% of

Portfolio Company (a)

Index (b)

Rate

Date (c)

Maturity

Principal

Amortized Cost

Value (d)

Net Assets (e)

FIRE: Finance

J2 BWA Funding LLC (Delayed Draw) (f) (g) (h)

 

n/a

 

9.00

%

12/24/2020

 

12/24/2026

 

2,710

$

677

$

677

 

0.3

%

Liftforward SPV II, LLC (h)

L+

10.75

%  

11.25

%

11/10/2016

 

9/30/2022

 

744

 

744

 

713

 

0.3

%

Oceana Australian Fixed Income Trust (h) (i) (j)

 

n/a

 

10.75

%

6/29/2021

 

6/29/2026

 

3,288

 

3,400

 

3,288

 

1.3

%

Oceana Australian Fixed Income Trust (h) (i) (j)

 

n/a

 

11.50

%

2/25/2021

 

2/25/2026

 

7,805

 

8,460

 

7,805

 

3.1

%

W3 Monroe RE Debt LLC (h)

 

n/a

 

10.00

% PIK

2/5/2021

 

2/4/2028

 

2,906

 

2,906

 

2,906

 

1.2

%

 

 

 

 

17,453

16,187

15,389

6.2

%

FIRE: Real Estate

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

Florida East Coast Industries, LLC (h)

 

n/a

 

10.50

%

8/9/2021

 

6/28/2024

 

3,572

 

3,477

 

3,571

 

1.4

%

NCBP Property, LLC (h)

L+

9.50

%  

10.50

%

12/18/2020

 

12/16/2022

 

1,950

 

1,940

 

1,955

 

0.8

%

 

 

 

 

5,522

5,417

5,526

2.2

%

Healthcare & Pharmaceuticals

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

6.50

% Cash/

Apotheco, LLC

L+

8.50

%  

3.00

% PIK

4/8/2019

 

4/8/2024

 

3,632

 

3,597

 

3,462

 

1.4

%

6.50

% Cash/

Apotheco, LLC (Revolver)

L+

8.50

%  

3.00

% PIK

4/8/2019

 

4/8/2024

 

955

 

955

 

910

 

0.4

%

Brickell Bay Acquisition Corp.

L+

6.50

%  

7.50

%

2/12/2021

 

2/12/2026

 

1,899

 

1,865

 

1,889

 

0.7

%

Brickell Bay Acquisition Corp. (Delayed Draw) (f) (g)

L+

6.50

%  

7.50

%

2/12/2021

 

2/12/2026

 

382

 

 

 

0.0

%

Caravel Autism Health, LLC

L+

5.75

%  

6.75

%

6/30/2021

 

6/30/2027

 

5,000

 

4,906

 

4,699

 

1.9

%

Caravel Autism Health, LLC (Delayed Draw) (f) (g)

L+

5.75

%  

6.75

%

6/30/2021

 

6/30/2027

 

3,750

 

187

 

176

 

0.1

%

Caravel Autism Health, LLC (Revolver) (f)

L+

5.75

%  

6.75

%

6/30/2021

 

6/30/2027

 

1,250

 

625

 

587

 

0.2

%

Dorado Acquisition, Inc.

L+

6.75

%  

7.75

%

6/30/2021

 

6/30/2026

 

4,988

 

4,895

 

4,983

 

2.0

%

Dorado Acquisition, Inc. (Delayed Draw) (f) (g)

L+

6.75

%  

7.75

%

6/30/2021

 

6/30/2026

 

216

 

 

 

0.0

%

Dorado Acquisition, Inc. (Revolver) (f)

L+

6.75

%  

7.75

%

6/30/2021

 

6/30/2026

 

596

 

 

 

0.0

%

INH Buyer, Inc.

L+

6.00

%  

7.00

%

6/30/2021

 

6/28/2028

 

2,939

 

2,911

 

2,857

 

1.1

%

NationsBenefits, LLC

L+

7.00

%  

8.00

%

8/20/2021

 

8/20/2026

 

4,000

 

3,924

 

3,993

 

1.6

%

NationsBenefits, LLC (Revolver) (f)

L+

7.00

%  

8.00

%

8/20/2021

 

8/20/2026

 

445

 

 

 

0.0

%

Rockdale Blackhawk, LLC

 

n/a

 

n/a

(o)

3/31/2015

 

n/a

(p)

 

 

1,681

 

0.7

%

Seran BioScience, LLC

L+

6.25

%  

7.25

%

12/31/2020

 

12/31/2025

 

2,481

 

2,440

 

2,487

 

1.0

Seran BioScience, LLC (Revolver) (f)

L+

6.25

%  

7.25

%

12/31/2020

 

12/31/2025

 

444

 

 

 

0.0

%

 

 

 

 

32,977

26,305

27,724

11.1

%

High Tech Industries

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

Arcstor Midco, LLC

L+

7.00

%  

8.00

%

3/16/2021

 

3/16/2027

 

4,466

 

4,386

 

4,433

 

1.8

%

MarkLogic Corporation

L+

6.00

%  

7.00

%

10/20/2020

 

10/20/2025

 

3,465

 

3,396

 

3,517

 

1.4

%

MarkLogic Corporation

L+

6.00

%  

7.00

%

11/23/2021

 

10/20/2025

 

323

 

317

 

330

 

0.1

%

MarkLogic Corporation (Delayed Draw) (f) (g)

L+

6.00

%  

7.00

%

11/23/2021

 

10/20/2025

 

215

 

 

 

0.0

%

MarkLogic Corporation (Revolver) (f)

L+

6.00

%  

7.00

%

10/20/2020

 

10/20/2025

 

269

 

 

 

0.0

%

8.00

% Cash/

Mindbody, Inc.

L+

8.50

%  

1.50

% PIK

2/15/2019

 

2/14/2025

 

6,487

 

6,415

 

6,438

 

2.6

%

8.00

% Cash/

Mindbody, Inc.

L+

8.50

%  

1.50

% PIK

9/22/2021

 

2/14/2025

 

669

 

669

 

664

 

0.3

%

Mindbody, Inc. (Revolver) (f)

L+

8.00

%  

9.00

%

2/15/2019

 

2/14/2025

 

667

 

 

 

0.0

%

Newforma, Inc. (k)

L+

5.50

%  

6.50

%

6/30/2017

 

6/30/2022

 

3,890

 

3,882

 

3,890

 

1.6

%

Newforma, Inc. (Revolver) (f)

L+

5.50

%  

6.50

%

6/30/2017

 

6/30/2022

 

1,250

 

 

 

0.0

%

Planful, Inc.

L+

6.50

%  

7.50

%

12/28/2018

 

12/30/2024

 

9,500

 

9,414

 

9,472

 

3.8

%

Planful, Inc.

L+

6.50

%  

7.50

%

1/11/2021

 

12/30/2024

 

1,325

 

1,325

 

1,322

 

0.5

%

Planful, Inc. (Revolver) (f)

L+

6.50

%  

7.50

%

12/28/2018

 

12/30/2024

 

442

 

88

 

88

 

0.0

%

 

 

 

 

32,968

29,892

30,154

12.1

%

Hotels, Gaming & Leisure

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

Equine Network, LLC

L+

8.00

%  

9.00

%

12/31/2020

 

12/31/2025

 

1,737

 

1,704

 

1,733

 

0.7

%

Equine Network, LLC

L+

8.00

%  

9.00

%

1/29/2021

 

12/31/2025

 

788

 

774

 

786

 

0.3

%

Equine Network, LLC (Delayed Draw) (f) (g)

L+

8.00

%  

9.00

%

12/31/2020

 

12/31/2025

 

427

 

 

 

0.0

%

Equine Network, LLC (Revolver) (f)

L+

8.00

%  

9.00

%

12/31/2020

 

12/31/2025

 

171

 

85

 

85

 

0.1

%

 

 

 

 

3,123

2,563

2,604

1.1

%

23

Table of Contents

MONROE CAPITAL CORPORATION

CONSOLIDATED SCHEDULE OF INVESTMENTS – (continued)

December 31, 2021

(in thousands, except for shares and units)

    

Spread

    

    

    

    

    

    

    

Above

Interest

Acquisition

Fair

% of

Portfolio Company (a)

    

Index (b)

    

Rate

Date (c)

    

Maturity

    

Principal

    

Amortized Cost

    

Value (d)

    

Net Assets (e)

Media: Advertising, Printing & Publishing

Destination Media, Inc. (k)

 

L+

5.50

%

6.50

%

4/7/2017

 

4/7/2022

 

1,738

$

1,736

$

1,738

 

0.7

%

Destination Media, Inc. (Revolver) (f)

 

L+

5.50

%

6.50

%

4/7/2017

 

4/7/2022

 

542

 

 

 

0.0

%

North Haven USHC Acquisition, Inc.

 

L+

6.00

%  

7.00

%

10/30/2020

 

10/30/2025

 

2,475

 

2,435

 

2,475

 

1.0

%

North Haven USHC Acquisition, Inc.

 

L+

6.00

%  

7.00

%

3/12/2021

 

10/30/2025

 

717

 

717

 

717

 

0.3

%

North Haven USHC Acquisition, Inc. (Delayed Draw) (f) (g)

 

L+

6.00

%  

7.00

%

9/3/2021

 

10/30/2025

 

1,441

 

482

 

487

 

0.2

%

North Haven USHC Acquisition, Inc. (Revolver) (f)

 

L+

6.00

%  

7.00

%

10/30/2020

 

10/30/2025

 

240

 

 

 

0.0

%

Relevate Health Group, LLC

 

L+

6.00

%  

7.00

%

11/20/2020

 

11/20/2025

 

1,489

 

1,465

 

1,504

 

0.6

%

Relevate Health Group, LLC (Delayed Draw) (f) (g)

 

L+

6.00

%  

7.00

%

11/20/2020

 

11/20/2025

 

784

 

666

 

673

 

0.3

%

Relevate Health Group, LLC (Revolver) (f)

 

L+

6.00

%  

7.00

%

11/20/2020

 

11/20/2025

 

316

 

 

 

0.0

%

Spherix Global Inc.

 

SF+

6.00

%  

7.00

%

12/22/2021

 

12/22/2026

 

1,100

 

1,081

 

1,081

 

0.4

%

Spherix Global Inc. (Revolver) (f)

 

SF+

6.00

%  

7.00

%

12/22/2021

 

12/22/2026

 

122

 

 

 

0.0

%

XanEdu Publishing, Inc.

 

L+

6.50

%  

7.50

%

1/28/2020

 

1/28/2025

 

4,631

 

4,555

 

4,647

 

1.8

%

XanEdu Publishing, Inc. (Revolver) (f)

 

L+

6.50

%  

7.50

%

1/28/2020

 

1/28/2025

 

742

 

 

 

0.0

%

 

 

 

 

16,337

13,137

13,322

5.3

%

Media: Broadcasting & Subscription

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

5.50

% Cash/

Vice Group Holding Inc.

 

L+

12.00

%  

8.00

% PIK

5/2/2019

 

11/2/2022

 

1,526

 

1,523

 

1,526

 

0.6

%

5.50

% Cash/

Vice Group Holding Inc.

 

L+

12.00

%  

8.00

% PIK

11/4/2019

 

11/2/2022

 

293

 

291

 

293

 

0.1

%

5.50

% Cash/

Vice Group Holding Inc.

 

L+

12.00

%  

8.00

% PIK

5/2/2019

 

11/2/2022

 

478

 

478

 

478

 

0.2

%

5.50

% Cash/

Vice Group Holding Inc.

 

L+

12.00

%  

8.00

% PIK

5/2/2019

 

11/2/2022

 

180

 

180

 

180

 

0.1

%

 

 

 

 

2,477

2,472

2,477

1.0

%

Media: Diversified & Production

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

Attom Intermediate Holdco, LLC

 

L+

6.15

%  

7.15

%

1/4/2019

 

1/4/2024

 

1,940

 

1,923

 

1,937

 

0.8

%

Attom Intermediate Holdco, LLC

 

L+

6.15

%  

7.15

%

6/25/2020

 

1/4/2024

 

473

 

467

 

472

 

0.2

%

Attom Intermediate Holdco, LLC

 

L+

6.15

%  

7.15

%

7/1/2021

 

1/4/2024

 

279

 

273

 

278

 

0.1

%

Attom Intermediate Holdco, LLC (Revolver) (f)

 

L+

5.75

%  

6.75

%

1/4/2019

 

1/4/2024

 

320

 

160

 

160

 

0.1

%

Chess.com, LLC

 

L+

6.50

%  

7.50

%

12/31/2021

 

12/31/2027

 

6,000

 

5,880

 

5,880

 

2.3

%

Chess.com, LLC (Revolver) (f)

 

L+

6.50

%  

7.50

%

12/31/2021

 

12/31/2027

 

652

 

 

 

0.0

%

Crownpeak Technology, Inc.

 

L+

5.75

%  

6.75

%

2/28/2019

 

2/28/2024

 

4,000

 

3,962

 

4,000

 

1.6

%

Crownpeak Technology, Inc.

 

L+

5.75

%  

6.75

%

2/28/2019

 

2/28/2024

 

60

 

60

 

60

 

0.0

%

Crownpeak Technology, Inc. (Revolver) (f)

 

L+

5.75

%  

6.75

%

2/28/2019

 

2/28/2024

 

167

 

 

 

0.0

%

CyberGrants Holdings, LLC

 

L+

6.50

%  

7.25

%

9/8/2021

 

9/8/2027

 

10,900

 

10,744

 

10,900

 

4.4

%

CyberGrants Holdings, LLC (Delayed Draw) (f) (g)

 

L+

6.50

%  

7.25

%

9/8/2021

 

9/8/2027

 

1,069

 

 

 

0.0

%

CyberGrants Holdings, LLC (Revolver) (f)

 

L+

6.50

%  

7.25

%

9/8/2021

 

9/8/2027

 

1,069

 

 

 

0.0

%

 

 

 

 

26,929

23,469

23,687

9.5

%

Retail

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

1.00

% Cash/

BLST Operating Company, LLC

 

L+

8.50

%  

9.00

% PIK(m)

8/28/2020

 

8/28/2025

1,147

1,025

 

1,143

 

0.5

%

8.50

% Cash/

Forman Mills, Inc. (k)

 

L+

9.50

%  

2.00

% PIK

1/14/2020

 

12/30/2022

 

1,336

 

1,336

 

1,330

 

0.5

%

8.50

% Cash/

Forman Mills, Inc. (k)

 

L+

9.50

%  

2.00

% PIK

10/4/2016

 

12/30/2022

 

282

 

281

 

281

 

0.1

%

8.50

% Cash/

Forman Mills, Inc. (k)

 

L+

9.50

%  

2.00

% PIK

10/4/2016

 

12/30/2022

 

7,623

 

7,600

 

7,524

 

3.0

%

 

 

 

 

10,388

10,242

10,278

4.1

%

24

Table of Contents

MONROE CAPITAL CORPORATION

CONSOLIDATED SCHEDULE OF INVESTMENTS – (continued)

December 31, 2021

(in thousands, except for shares and units)

Spread

    

    

    

    

    

    

    

Above

Interest

Acquisition

Fair

% of

Portfolio Company (a)

    

Index (b)

    

Rate

Date (c)

    

Maturity

    

Principal

    

Amortized Cost

    

Value (d)

    

Net Assets (e)

Services: Business

4.25

% Cash/

Aras Corporation

 

L+

7.00

%  

3.75

% PIK

4/13/2021

 

4/13/2027

 

2,079

$

2,044

$

2,103

 

0.8

%

4.25

% Cash/

Aras Corporation (Revolver) (f)

 

L+

7.00

%  

3.75

% PIK

4/13/2021

 

4/13/2027

 

150

 

 

 

0.0

%

Burroughs, Inc. (k)

 

L+

6.50

%  

7.50

%

12/22/2017

 

12/22/2022

 

5,501

 

5,477

 

5,480

 

2.2

%

Burroughs, Inc. (Revolver) (f)

 

L+

6.50

%  

7.50

%

12/22/2017

 

12/22/2022

 

1,220

 

 

 

0.0

%

Certify, Inc.

 

L+

5.50

%  

6.50

%

2/28/2019

 

2/28/2024

 

9,000

 

8,935

 

9,000

 

3.6

%

Certify, Inc.

 

L+

5.50

%  

6.50

%

2/28/2019

 

2/28/2024

 

1,227

 

1,227

 

1,227

 

0.5

%

Certify, Inc. (Revolver) (f)

 

L+

5.50

%  

6.50

%

2/28/2019

 

2/28/2024

 

409

 

102

 

102

 

0.0

%

HS4 Acquisitionco, Inc.

 

L+

6.75

%  

7.75

%

7/9/2019

 

7/9/2025

 

10,000

 

9,869

 

9,910

 

4.0

%

HS4 Acquisitionco, Inc. (Revolver) (f)

 

L+

6.75

%  

7.75

%

7/9/2019

 

7/9/2025

 

817

 

 

0.0

%

IT Global Holding LLC (h)

 

L+

9.00

%  

10.00

%

11/15/2018

 

11/10/2023

 

3,405

 

3,374

 

4,411

 

1.8

%

IT Global Holding LLC (h)

 

L+

9.00

%  

10.00

%

7/19/2019

 

11/10/2023

 

1,270

 

1,255

 

1,645

 

0.7

%

IT Global Holding LLC (Revolver) (h)

 

L+

9.00

%  

10.00

%

11/15/2018

 

11/10/2023

 

875

 

875

 

1,060

 

0.4

%

RedZone Robotics, Inc.

 

L+

6.75

%  

7.75

%

6/1/2018

 

6/5/2023

 

213

 

211

 

213

 

0.1

%

RedZone Robotics, Inc. (Revolver) (f)

 

L+

6.75

%  

7.75

%

6/1/2018

 

6/5/2023

 

158

 

 

 

0.0

%

Relativity ODA LLC

 

L+

7.50

%  

8.50

% PIK

5/12/2021

 

5/12/2027

 

1,896

 

1,854

 

1,894

 

0.8

%

Relativity ODA LLC (Revolver) (f)

 

L+

7.50

%  

8.50

% PIK

5/12/2021

 

5/12/2027

 

180

 

 

 

0.0

%

Security Services Acquisition Sub Corp.

 

L+

6.00

%  

7.00

%

9/30/2021

 

9/30/2026

 

7,980

 

7,872

 

7,972

 

3.2

%

Security Services Acquisition Sub Corp. (k)

 

L+

6.00

%  

7.00

%

2/15/2019

 

9/30/2026

 

3,413

 

3,382

 

3,409

 

1.4

%

Security Services Acquisition Sub Corp. (k)

 

L+

6.00

%  

7.00

%

2/15/2019

 

9/30/2026

 

2,455

 

2,455

 

2,452

 

1.0

%

Security Services Acquisition Sub Corp. (k)

 

L+

6.00

%  

7.00

%

2/15/2019

 

9/30/2026

 

2,157

 

2,157

 

2,154

 

0.9

%

Security Services Acquisition Sub Corp.

 

L+

6.00

%  

7.00

%

2/15/2019

 

9/30/2026

 

1,551

 

1,551

 

1,549

 

0.6

%

ServiceMax, Inc. (h)

 

L+

7.00

%  

8.00

%

11/1/2021

 

11/1/2027

 

3,500

 

3,431

 

3,500

 

1.4

%

ServiceMax, Inc. (Revolver) (f) (h)

 

L+

7.00

%  

8.00

%

11/1/2021

 

11/1/2027

 

350

 

 

 

0.0

%

8.00

% Cash/

VPS Holdings, LLC

 

L+

9.00

%  

2.00

% PIK

10/5/2018

 

10/4/2024

 

3,447

 

3,410

 

3,325

 

1.3

%

8.00

% Cash/

VPS Holdings, LLC

 

L+

9.00

%  

2.00

% PIK

10/5/2018

 

10/4/2024

 

2,817

 

2,817

 

2,717

 

1.1

%

8.00

% Cash/

VPS Holdings, LLC (Revolver) (f)

 

L+

9.00

%  

2.00

% PIK

10/5/2018

 

10/4/2024

 

1,001

 

101

 

97

 

0.0

%

 

 

 

 

67,071

62,399

64,220

25.8

%

Services: Consumer

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Express Wash Acquisition Company, LLC

 

L+

6.50

%  

7.50

%

12/28/2020

 

12/26/2025

 

3,203

 

3,156

 

3,203

 

1.3

%

Express Wash Acquisition Company, LLC

 

L+

6.50

%  

7.50

%

9/3/2021

 

12/26/2025

 

7,275

 

7,156

 

7,275

 

2.9

%

Express Wash Acquisition Company, LLC

 

L+

6.50

%  

7.50

%

9/3/2021

 

12/26/2025

 

3,500

 

3,500

 

3,500

 

1.4

%

Express Wash Acquisition Company, LLC (Delayed Draw) (f) (g)

 

L+

6.50

%  

7.50

%

9/3/2021

 

12/26/2025

 

2,500

 

925

 

925

 

0.4

%

Express Wash Acquisition Company, LLC (Revolver) (f)

 

L+

6.50

%  

7.50

%

12/28/2020

 

12/26/2025

 

750

 

400

 

400

 

0.2

%

IDIG Parent, LLC

 

L+

6.00

%  

7.00

%

12/15/2020

 

12/15/2026

 

5,517

 

5,423

 

5,530

 

2.2

%

IDIG Parent, LLC

 

L+

6.00

%  

7.00

%

12/15/2020

 

12/15/2026

 

918

 

918

 

920

 

0.4

%

IDIG Parent, LLC (Revolver) (f)

 

L+

6.00

%  

7.00

%

12/15/2020

 

12/15/2026

 

429

 

 

 

0.0

%

Mammoth Holdings, LLC

 

L+

6.00

%  

7.00

%

10/16/2018

 

10/16/2023

 

1,940

 

1,924

 

1,940

 

0.8

%

Mammoth Holdings, LLC

 

L+

6.00

%  

7.00

%

10/16/2018

 

10/16/2023

 

4,073

 

4,073

 

4,073

 

1.5

%

Mammoth Holdings, LLC

 

L+

6.00

%  

7.00

%

3/12/2021

 

10/16/2023

 

6,355

 

6,355

 

6,368

 

2.6

%

Mammoth Holdings, LLC (Delayed Draw) (f) (g)

 

L+

6.00

%  

7.00

%

6/15/2021

 

10/16/2023

 

1,646

 

988

 

989

 

0.4

%

Mammoth Holdings, LLC (Revolver) (f)

 

L+

6.00

%  

7.00

%

10/16/2018

 

10/16/2023

 

657

 

 

 

0.0

%

 

 

 

 

38,763

34,818

35,123

14.1

%

25

Table of Contents

MONROE CAPITAL CORPORATION

CONSOLIDATED SCHEDULE OF INVESTMENTS – (continued)

December 31, 2021

(in thousands, except for shares and units)

Spread

    

    

    

    

    

    

    

Above

Interest

Acquisition

% of

Portfolio Company (a)

    

Index (b)

    

Rate

    

Date (c)

    

Maturity

    

Principal

    

Amortized Cost

    

Fair Value (d)

    

Net Assets (e)

Telecommunications

Calabrio, Inc.

 

L+

7.00

%  

8.00

%

4/16/2021

 

4/16/2027

 

3,400

$

3,322

$

3,400

 

1.4

%

Calabrio, Inc. (Revolver) (f)

 

L+

7.00

%  

8.00

%

4/16/2021

 

4/16/2027

 

409

 

 

 

0.0

%

VHT Solutions

 

L+

7.00

%  

8.00

% PIK

12/21/2021

 

12/21/2026

 

1,500

 

1,470

 

1,470

 

0.6

%

VHT Solutions (Delayed Draw) (f) (g)

 

L+

7.00

%  

8.00

% PIK

12/21/2021

 

12/21/2026

 

120

 

 

 

0.0

%

VHT Solutions (Revolver) (f)

 

L+

7.00

%  

8.00

% PIK

12/21/2021

 

12/21/2026

 

43

 

 

 

0.0

%

 

 

 

 

5,472

4,792

4,870

2.0

%

Wholesale

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

8.50

% Cash/

Nearly Natural, Inc. (k)

 

L+

11.50

%  

4.00

% PIK

12/15/2017

 

12/15/2022

 

6,601

 

6,572

 

6,520

 

2.6

%

8.50

% Cash/

Nearly Natural, Inc.

 

L+

11.50

%  

4.00

% PIK

2/16/2021

 

12/15/2022

 

3,099

 

3,066

 

3,061

 

1.2

%

8.50

% Cash/

Nearly Natural, Inc. (k)

 

L+

11.50

%  

4.00

% PIK

9/22/2020

 

12/15/2022

 

1,706

 

1,691

 

1,685

 

0.7

%

8.50

% Cash/

Nearly Natural, Inc. (k)

 

L+

11.50

%  

4.00

% PIK

8/28/2019

 

12/15/2022

 

1,859

 

1,859

 

1,836

 

0.7

%

8.50

% Cash/

Nearly Natural, Inc. (Revolver)

 

L+

11.50

%  

4.00

% PIK

12/15/2017

 

12/15/2022

 

2,430

 

2,430

 

2,400

 

1.0

%

 

 

 

 

15,695

15,618

15,502

6.2

%

Total Non-Controlled/Non-Affiliate Senior Secured Loans

 

 

 

 

398,010

 

347,073

 

351,698

 

141.1

%

Unitranche Secured Loans (q)

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

Aerospace & Defense

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

Cassavant Holdings, LLC

 

L+

6.50

%  

7.50

%

9/8/2021

 

9/8/2026

 

7,980

 

7,828

 

7,972

 

3.2

%

 

 

 

 

7,980

7,828

7,972

3.2

%

Chemicals, Plastics & Rubber

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

MFG Chemical, LLC (k)

 

L+

8.00

%  

9.00

%

6/23/2017

 

6/23/2022

 

5,555

 

5,546

 

5,555

 

2.2

%

MFG Chemical, LLC

 

L+

8.00

%  

9.00

%

3/15/2018

 

6/23/2022

 

543

 

543

 

543

 

0.2

%

 

 

 

 

6,098

6,089

6,098

2.4

%

Consumer Goods: Non-Durable

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

Vinci Brands LLC (fka Incipio, LLC)

 

n/a

 

2.00

% PIK(m)

7/6/2018

 

2/6/2024

 

7,026

 

7,026

 

4,950

 

2.0

%

Vinci Brands LLC (fka Incipio, LLC) (r)

 

n/a

 

2.00

% PIK(m)

3/9/2018

 

2/6/2024

 

3,065

 

3,065

 

 

0.0

%

Vinci Brands LLC (fka Incipio, LLC) (s)

 

n/a

 

2.00

% PIK(m)

12/26/2014

 

2/6/2024

 

13,552

 

13,528

 

 

0.0

%

Vinci Brands LLC (fka Incipio, LLC) (t)

 

n/a

 

2.00

% PIK(m)

12/26/2014

 

2/6/2024

 

1,149

 

1,149

 

 

0.0

%

 

 

 

 

24,792

24,768

4,950

2.0

%

Healthcare & Pharmaceuticals

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

Priority Ambulance, LLC (u)

 

L+

6.50

%  

7.50

%

7/18/2018

 

4/12/2022

 

10,015

 

10,015

 

10,010

 

4.0

%

Priority Ambulance, LLC (v)

 

L+

6.50

%  

7.50

%

4/12/2017

 

4/12/2022

 

1,253

 

1,251

 

1,253

 

0.5

%

Priority Ambulance, LLC

 

L+

6.50

%  

7.50

%

12/13/2018

 

4/12/2022

 

655

 

655

 

655

 

0.3

%

Priority Ambulance, LLC

 

L+

6.50

%  

7.50

%

10/22/2020

 

4/12/2022

 

990

 

990

 

989

 

0.4

%

 

 

 

 

12,913

12,911

12,907

5.2

%

High Tech Industries

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

Energy Services Group, LLC

 

L+

8.42

%  

9.42

%

5/4/2017

 

5/4/2022

 

3,725

 

3,720

 

3,725

 

1.5

%

Energy Services Group, LLC (h) (w)

 

SN+

8.42

%  

9.42

%

5/4/2017

 

5/4/2022

 

4,541

 

4,458

 

4,541

 

1.8

%

Energy Services Group, LLC

 

L+

8.42

%  

9.42

%

5/4/2017

 

5/4/2022

 

1,060

 

1,047

 

1,060

 

0.4

%

WillowTree, LLC

 

L+

5.00

%  

6.00

%

10/9/2018

 

10/9/2023

 

7,639

 

7,584

 

7,651

 

3.1

%

 

 

 

 

16,965

16,809

16,977

6.8

%

26

Table of Contents

MONROE CAPITAL CORPORATION

CONSOLIDATED SCHEDULE OF INVESTMENTS – (continued)

December 31, 2021

(in thousands, except for shares and units)

    

Spread

    

    

    

    

    

    

    

Above

Interest

Acquisition

% of

Portfolio Company (a)

Index (b)

Rate

Date (c)

Maturity

Principal

Amortized Cost

Fair Value (d)

Net Assets (e)

Services: Business

Onit, Inc.

 

L+

7.25

%  

8.25

%

12/20/2021

 

5/2/2025

 

1,500

$

1,472

$

1,472

 

0.6

%

 

 

 

 

1,500

1,472

1,472

0.6

%

Telecommunications

VB E1, LLC (Delayed Draw) (f) (g)

 

L+

7.65

%  

8.15

%

11/18/2020

 

11/18/2026

 

2,250

 

1,100

 

1,118

 

0.4

%

 

 

 

 

2,250

1,100

1,118

0.4

%

Total Non-Controlled/Non-Affiliate Unitranche Secured Loans

 

 

 

 

72,498

70,977

51,494

20.6

%

Junior Secured Loans

Banking

MoneyLion, Inc. (h)

 

n/a

 

12.00

%

8/27/2021

 

5/1/2023

 

1,500

 

1,488

 

1,522

 

0.6

%

 

 

 

 

1,500

1,488

1,522

0.6

%

FIRE: Real Estate

Florida East Coast Industries, LLC (h)

 

n/a

 

16.00

% PIK

8/9/2021

 

6/28/2024

 

1,520

 

1,482

 

1,530

 

0.6

%

8.00

% Cash/

Witkoff/Monroe 700 JV LLC (Delayed Draw) (f) (g) (h)

 

n/a

 

4.00

% PIK

7/2/2021

 

7/2/2026

 

5,576

 

4,665

 

4,886

 

2.0

%

 

 

 

 

7,096

6,147

6,416

2.6

%

Services: Consumer

5.72

% Cash/

Education Corporation of America

 

L+

11.00

%  

5.50

% PIK(m)

9/3/2015

 

n/a

(p)

833

 

831

 

576

 

0.2

%

 

 

 

 

833

831

576

0.2

%

Total Non-Controlled/Non-Affiliate Junior Secured Loans

 

 

 

 

9,429

 

8,466

 

8,514

 

3.4

%

Equity Securities (x) (y)

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

Automotive

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

Born To Run, LLC (269,438 Class A units)

 

 

(z)

4/1/2021

 

 

 

269

 

293

 

0.1

%

Lifted Trucks Holdings, LLC (111,111 Class A units) (aa)

 

 

(z)

8/2/2021

 

 

 

111

 

109

 

0.1

%

 

 

 

380

402

0.2

%

Banking

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

MV Receivables II, LLC (729 common units) (h) (aa)

 

 

(z)

7/29/2021

 

 

 

300

 

558

 

0.2

%

MV Receivables II, LLC (warrant to purchase up to 0.8% of the equity) (h) (aa)

 

 

(z)

7/28/2021

 

7/28/2031

 

 

363

 

1,007

 

0.4

%

 

 

 

663

1,565

0.6

%

27

Table of Contents

MONROE CAPITAL CORPORATION

CONSOLIDATED SCHEDULE OF INVESTMENTS – (continued)

December 31, 2021

(in thousands, except for shares and units)

    

Spread

    

    

    

    

    

    

    

Above

Interest

Acquisition

% of

Portfolio Company (a)

Index (b)

Rate

    

Date (c)

Maturity

Principal

Amortized Cost

Fair Value (d)

Net Assets (e)

Beverage, Food & Tobacco

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

California Pizza Kitchen, Inc. (78,699 common units)

 

 

(z)

8/19/2016

 

 

$

5,468

$

3,699

1.5

%

 

 

 

5,468

3,699

1.5

%

Capital Equipment

 

  

 

  

 

  

 

  

 

  

 

  

 

  

  

 

MCP Shaw Acquisitionco, LLC (118,906 Class A-2 units) (aa)

 

 

(z)

2/28/2020

 

 

 

119

 

148

0.1

%

 

 

 

119

148

0.1

%

Chemicals, Plastics & Rubber

 

  

 

  

 

  

 

  

 

  

 

  

 

  

  

 

Valudor Products LLC (501,014 Class A-1 units) (aa)

 

n/a

 

10.00

% PIK

6/18/2018

 

 

 

501

 

16

0.0

%

 

 

 

501

16

0.0

%

Consumer Goods: Durable

 

  

 

  

 

  

 

  

 

  

 

  

 

  

  

 

Independence Buyer, Inc. (81 Class A units)

 

 

(z)

8/3/2021

 

81

101

 

0.0

%

 

81

 

101

0.0

%

Environmental Industries

 

  

 

  

 

  

 

  

 

  

 

  

 

  

  

 

Quest Resource Management Group, LLC (warrant to purchase up to 0.2% of the equity)

 

 

(z)

10/19/2020

 

3/19/2028

67

286

 

0.1

%

Quest Resource Management Group, LLC (warrant to purchase up to 0.2% of the equity)

 

 

(z)

10/19/2021

 

3/19/2028

169

 

0.1

%

 

 

 

67

455

0.2

%

FIRE: Finance

 

  

 

  

 

  

 

  

 

  

 

  

 

  

  

 

J2 BWA Funding LLC (0.7% profit sharing) (h) (aa)

 

 

(z)

12/24/2020

 

 

0.0

%

PKS Holdings, LLC (5,680 preferred units) (h)

 

n/a

 

12.00

% PIK

11/30/2017

 

 

 

58

 

219

0.1

%

PKS Holdings, LLC (5,714 preferred units) (h)

 

n/a

 

12.00

% PIK

11/30/2017

 

 

 

9

 

34

0.0

%

PKS Holdings, LLC (132 preferred units) (h)

 

n/a

 

12.00

% PIK

11/30/2017

 

 

 

1

 

5

0.0

%

PKS Holdings, LLC (916 preferred units) (h)

 

n/a

 

12.00

% PIK

11/30/2017

 

 

 

9

 

34

0.0

%

 

77

 

292

0.1

%

FIRE: Real Estate

 

  

 

  

 

  

 

  

 

  

 

  

 

  

  

 

8.00

% Cash/

Witkoff/Monroe 700 JV LLC (2,141 preferred units) (h) (aa)

 

n/a

 

4.00

% PIK

7/2/2021

 

 

 

2

 

2

0.0

%

 

 

 

2

2

0.0

%

Healthcare & Pharmaceuticals

 

  

 

  

 

  

 

  

 

  

 

  

 

  

  

 

Dorado Acquisition, Inc. (178,891 Class A-1 units)

 

 

(z)

6/30/2021

 

179

 

179

0.1

%

Dorado Acquisition, Inc. (178,891 Class A-2 units)

 

 

(z)

6/30/2021

 

9

0.0

%

NationsBenefits, LLC (888,889 Series A units) (aa)

 

n/a

 

9.00

% PIK

8/20/2021

 

 

 

736

 

714

0.3

%

NationsBenefits, LLC (106,667 shares of common units) (aa)

 

 

(z)

8/20/2021

 

 

 

153

 

67

0.0

%

Seran BioScience, LLC (33,333 common units) (aa)

 

 

(z)

12/31/2020

 

 

 

334

 

714

0.3

%

 

 

 

1,402

1,683

0.7

%

High Tech Industries

 

  

 

  

 

  

 

  

 

  

 

  

 

  

  

 

MarkLogic Corporation (290,239 Class A units)

 

 

(z)

10/20/2020

 

 

 

290

 

423

0.2

%

Planful, Inc. (473,082 Class A units)

 

n/a

 

8.00

% PIK

12/28/2018

 

 

 

473

 

557

0.2

%

Recorded Future, Inc. (80,486 Class A units) (ab)

 

 

(z)

7/3/2019

 

 

 

81

 

203

0.1

%

 

 

 

844

1,183

0.5

%

Hotels, Gaming & Leisure

 

  

 

  

 

  

 

  

 

  

 

  

 

  

  

 

Equine Network, LLC (99 Class A units) (aa)

 

 

(z)

12/31/2020

 

 

 

99

 

102

0.0

%

 

 

 

99

102

0.0

%

28

Table of Contents

MONROE CAPITAL CORPORATION

CONSOLIDATED SCHEDULE OF INVESTMENTS – (continued)

December 31, 2021

(in thousands, except for shares and units)

Spread

    

    

    

    

    

    

Above

Interest

Acquisition

% of

Portfolio Company (a)

    

Index (b)

    

Rate

    

Date (c)

    

Maturity

    

Principal

    

Amortized Cost

    

Fair Value (d)

    

Net Assets (e)

Media: Advertising, Printing & Publishing

AdTheorent Holding Company, Inc. (177,362 shares of common stock) (h) (aj)

 

(z)

12/22/2016

 

 

$

114

$

1,041

0.4

%

InMobi Pte, Ltd. (warrant to purchase up to 2.8% of the equity) (h) (j)

 

(z)

9/18/2015

 

9/18/2025

 

 

 

2,204

0.9

%

Relevate Health Group, LLC (40 preferred units)

n/a

 

12.00

% PIK

11/20/2020

 

 

 

40

 

40

0.0

%

Relevate Health Group, LLC (40 Class B common units)

 

(z)

11/20/2020

 

 

 

 

0.0

%

Spherix Global Inc. (81 Class A units)

 

(z)

12/22/2021

 

 

 

81

 

81

0.0

%

XanEdu Publishing, Inc. (49,479 Class A units)

n/a

 

8.00

% PIK

1/28/2020

 

 

 

49

 

106

0.0

%

 

 

284

3,472

1.3

%

Media: Diversified & Production

Attom Intermediate Holdco, LLC (297,197 Class A units) (aa)

 

(z)

1/4/2019

 

 

 

297

 

446

0.2

%

Chess.com, LLC (2 Class A units) (aa)

 

(z)

12/31/2021

 

 

 

87

 

87

0.0

%

 

 

384

533

0.2

%

Retail

BLST Operating Company, LLC (139,883 Class A units) (aa)

 

(z)

8/28/2020

 

 

 

712

 

420

0.2

%

Forman Mills, Inc. (warrant to purchase up to 2.6% of the equity) (k)

 

(z)

1/14/2020

 

1/14/2029

 

 

 

702

0.3

%

Luxury Optical Holdings Co. (af)

n/a

 

n/a

(z)

9/12/2014

 

 

 

 

78

0.0

%

 

 

712

1,200

0.5

%

Services: Business

APCO Worldwide, Inc. (100 Class A voting common stock)

 

(z)

11/1/2017

 

 

 

395

 

737

0.3

%

 

 

395

737

0.3

%

Services: Consumer

Education Corporation of America - Series G Preferred Stock (8,333 shares)

n/a

 

12.00

% PIK(m)

9/3/2015

 

 

 

7,492

 

2,281

0.9

%

Express Wash Acquisition Company, LLC (121,311 Class A units) (aa)

n/a

 

8.00

% PIK

12/28/2020

 

 

 

125

 

208

0.1

%

IDIG Parent, LLC (245,958 shares of common stock) (aa) (ac)

 

(z)

1/4/2021

 

 

 

248

 

428

0.2

%

 

 

7,865

2,917

1.2

%

Wholesale

  

 

  

 

  

 

  

 

  

 

  

 

  

  

 

Nearly Natural, Inc. (152,174 Class A units)

 

(z)

12/15/2017

 

 

 

153

 

69

0.0

%

Nearly Natural, Inc. (39,394 Class AA units)

 

(z)

8/27/2021

 

 

 

39

 

5

0.0

%

 

 

192

74

0.0

%

Total Non-Controlled/Non-Affiliate Equity Securities

 

 

  

 

  

 

19,535

 

18,581

7.4

%

Total Non-Controlled/Non-Affiliate Company Investments

 

 

  

 

  

$

446,051

$

430,287

172.5

%

29

Table of Contents

MONROE CAPITAL CORPORATION

CONSOLIDATED SCHEDULE OF INVESTMENTS – (continued)

December 31, 2021

(in thousands, except for shares and units)

    

Spread

    

    

    

    

    

    

    

    

Above

Interest

Acquisition

% of

Portfolio Company (a)

Index (b)

Rate

Date (c)

Maturity

Principal

Amortized Cost

Fair Value (d)

Net Assets (e)

Non-Controlled Affiliate Company Investments (ad)

Senior Secured Loans

Beverage, Food & Tobacco

TJ Management HoldCo LLC (Revolver) (f)

 

L+

5.50

%  

6.50

%

9/9/2020

 

6/28/2024

 

477

$

$

 

0.0

%

 

 

 

 

477

0.0

%

FIRE Real Estate

American Community Homes, Inc.

 

L+

10.00

%  

11.50

% PIK

7/22/2014

 

3/31/2022

 

10,457

 

10,457

 

10,457

 

4.2

%

American Community Homes, Inc.

 

L+

14.50

%  

16.00

% PIK

7/22/2014

 

3/31/2022

 

4,753

 

4,753

 

4,753

 

1.9

%

American Community Homes, Inc.

 

L+

10.00

%  

11.50

% PIK

5/24/2017

 

3/31/2022

 

634

 

634

 

634

 

0.3

%

American Community Homes, Inc.

 

L+

10.00

%  

11.50

% PIK

8/10/2018

 

3/31/2022

 

2,331

 

2,331

 

3,164

 

1.3

%

American Community Homes, Inc.

 

L+

10.00

%  

11.50

% PIK

3/29/2019

 

3/31/2022

 

4,315

 

4,315

 

4,357

 

1.8

%

American Community Homes, Inc.

 

L+

10.00

%  

11.50

% PIK

9/30/2019

 

3/31/2022

 

20

 

20

 

20

 

0.0

%

American Community Homes, Inc.

 

L+

10.00

%  

11.50

% PIK

12/30/2019

 

3/31/2022

 

99

 

99

 

99

 

0.0

%

HFZ Capital Group LLC (h) (ae)

 

L+

12.50

%  

14.00

% PIK

10/20/2017

 

n/a

(p)

13,242

 

13,242

 

15,084

 

6.0

%

HFZ Capital Group LLC (h) (ae)

 

L+

12.50

%  

14.00

% PIK

10/20/2017

 

n/a

(p)

4,758

 

4,758

 

5,420

 

2.2

%

MC Asset Management (Corporate), LLC (h)

 

L+

15.00

%  

16.00

% PIK

1/26/2021

 

1/26/2024

 

7,154

 

7,154

 

7,154

 

2.9

%

MC Asset Management (Corporate), LLC (Delayed Draw) (f) (g) (h)

 

L+

15.00

%  

16.00

% PIK

4/26/2021

 

1/26/2024

 

1,643

 

850

 

850

 

0.3

%

Second Avenue SFR Holdings II LLC (Revolver) (f) (h)

 

L+

7.00

%  

7.50

%

8/11/2021

 

8/9/2024

 

4,875

 

2,104

 

2,104

 

0.8

%

 

 

 

 

54,281

50,717

54,096

21.7

%

Healthcare & Pharmaceuticals

Ascent Midco, LLC (k)

 

L+

5.50

%  

6.50

%

2/5/2020

 

2/5/2025

 

6,392

 

6,308

 

6,392

 

2.6

%

Ascent Midco, LLC (Revolver) (f)

 

L+

5.50

%  

6.50

%

2/5/2020

 

2/5/2025

 

1,129

 

 

 

0.0

%

 

 

 

 

7,521

6,308

6,392

2.6

%

High Tech Industries

4.00

% Cash/

Mnine Holdings, Inc.

 

L+

8.00

%  

5.00

% PIK

11/2/2018

 

12/30/2022

 

5,193

 

5,165

 

5,771

 

2.3

%

 

 

 

 

5,193

5,165

5,771

2.3

%

Services: Business

Curion Holdings, LLC (ag)

 

n/a

 

14.00

% PIK(m)

5/2/2017

 

8/31/2022

 

4,533

 

4,497

 

4,561

 

1.8

%

Curion Holdings, LLC (Revolver) (f)

 

n/a

 

14.00

% PIK(m)

5/2/2017

 

8/31/2022

 

871

 

528

 

550

 

0.2

%

 

 

 

 

5,404

5,025

5,111

2.0

%

Services: Consumer

NECB Collections, LLC (Revolver) (f)

 

L+

11.00

%  

12.00

% PIK(m)

6/25/2019

 

n/a

(p)

1,356

 

1,312

 

632

 

0.3

%

 

 

 

 

1,356

1,312

632

0.3

%

Total Non-Controlled Affiliate Senior Secured Loans

 

 

 

 

74,232

68,527

72,002

28.9

%

Junior Secured Loans

FIRE: Real Estate

Second Avenue SFR Holdings II LLC (h)

 

n/a

 

8.00

%

8/6/2021

 

7/28/2028

 

5,850

 

5,850

 

5,850

 

2.3

%

 

 

 

 

5,850

5,850

5,850

2.3

%

Services: Business

Curion Holdings, LLC (k)

 

n/a

 

15.00

% PIK(m)

8/17/2018

 

1/2/2023

 

1,720

 

1

 

 

0.0

%

Curion Holdings, LLC (k)

 

n/a

 

15.00

% PIK(m)

8/17/2018

 

1/2/2023

 

44

 

 

 

0.0

%

 

 

 

 

1,764

1

0.0

%

Total Non-Controlled Affiliate Company Junior Secured Loans

 

 

 

 

7,614

5,851

5,850

2.3

%

Equity Securities (y) (ad)

Beverage, Food & Tobacco

TJ Management HoldCo LLC (16 shares of common stock) (l) (aa)

 

 

(z)

9/9/2020

 

 

 

1,631

 

3,148

 

1.3

%

 

 

 

1,631

3,148

1.3

%

FIRE: Real Estate

American Community Homes, Inc. (warrant to purchase up to 22.3% of the equity)

 

 

(z)

10/9/2014

 

12/18/2024

 

 

 

264

 

0.1

%

MC Asset Management (Corporate), LLC (15.9% of interests) (h) (aa) (ae)

 

 

(z)

6/11/2019

 

 

 

793

 

644

 

0.2

%

Second Avenue SFR Holdings II LLC (24.4% of interests) (h)

 

 

(z)

8/6/2021

 

 

 

3,900

 

3,900

 

1.6

%

 

 

 

4,693

4,808

1.9

%

30

Table of Contents

MONROE CAPITAL CORPORATION

CONSOLIDATED SCHEDULE OF INVESTMENTS – (continued)

December 31, 2021

(in thousands, except for shares and units)

    

Spread

    

    

    

    

    

    

    

Above

Interest

Acquisition

% of

Portfolio Company (a)

Index (b)

Rate

Date (c)

Maturity

Principal

Amortized Cost

Fair Value (d)

Net Assets (e)

Healthcare & Pharmaceuticals

Ascent Midco, LLC (2,032,258 Class A units) (aa)

n/a

 

8.00

% PIK

2/5/2020

 

 

$

2,032

$

2,554

 

1.0

%

Familia Dental Group Holdings, LLC (1,105 Class A units) (aa) (ah)

 

(z)

4/8/2016

 

 

 

3,785

 

1,919

 

0.8

%

 

 

5,817

4,473

1.8

%

High Tech Industries

Mnine Holdings, Inc. (6,400 Class B units)

 

(z)

6/30/2020

 

 

 

 

 

0.0

%

 

0.0

%

Services: Business

Curion Holdings, LLC (58,779 shares of common stock) (k)

 

(z)

8/17/2018

 

 

 

 

 

0.0

%

 

 

0.0

%

Services: Consumer

NECB Collections, LLC (20.8% of units) (aa)

 

(z)

6/21/2019

 

 

 

1,458

 

 

0.0

%

 

 

1,458

0.0

%

Total Non-Controlled Affiliate Equity Securities

 

 

13,599

12,429

5.0

%

Total Non-Controlled Affiliate Company Investments

 

 

$

87,977

$

90,281

36.2

%

Controlled Affiliate Company Investments (ai)

Equity Securities

Investment Funds & Vehicles

MRCC Senior Loan Fund I, LLC (50.0% of the equity interests) (h)

 

 

 

10/31/2017

 

 

$

42,150

$

41,125

 

16.5

%

Total Controlled Affiliate Equity Securities

 

 

 

  

 

  

 

42,150

 

41,125

 

16.5

%

Total Controlled Affiliate Company Investments

 

 

  

 

  

$

42,150

$

41,125

 

16.5

%

TOTAL INVESTMENTS

 

 

  

 

  

$

576,178

$

561,693

 

225.2

%

31

Table of Contents

MONROE CAPITAL CORPORATION

CONSOLIDATED SCHEDULE OF INVESTMENTS – (continued)

December 31, 2021

(in thousands, except for shares and units)

Derivative Instruments

Foreign currency forward contracts

Notional

    

    

    

Amount

Notional Amount

Settlement

Unrealized Gain

Description

    

to be Purchased

    

to be Sold

    

Counterparty

    

Date

    

(Loss)

Foreign currency forward contract

$

101

 

£

82

 

Bannockburn Global Forex, LLC

1/3/2022

$

(10)

Foreign currency forward contract

$

97

 

£

79

 

Bannockburn Global Forex, LLC

 

4/4/2022

 

(10)

Foreign currency forward contract

$

36

 

£

29

 

Bannockburn Global Forex, LLC

 

5/6/2022

 

(3)

Foreign currency forward contract

$

121

 

AUD

156

 

Bannockburn Global Forex, LLC

 

1/19/2022

 

8

Foreign currency forward contract

$

105

 

AUD

136

 

Bannockburn Global Forex, LLC

 

2/16/2022

 

7

Foreign currency forward contract

$

102

 

AUD

132

 

Bannockburn Global Forex, LLC

 

3/16/2022

 

6

Foreign currency forward contract

$

113

 

AUD

146

 

Bannockburn Global Forex, LLC

 

4/19/2022

 

7

Foreign currency forward contract

$

107

 

AUD

138

 

Bannockburn Global Forex, LLC

 

5/17/2022

 

7

Foreign currency forward contract

$

119

 

AUD

153

 

Bannockburn Global Forex, LLC

 

6/17/2022

 

7

Foreign currency forward contract

$

107

 

AUD

138

 

Bannockburn Global Forex, LLC

 

7/18/2022

 

7

Foreign currency forward contract

$

108

 

AUD

140

 

Bannockburn Global Forex, LLC

 

8/16/2022

 

7

Foreign currency forward contract

$

118

 

AUD

153

 

Bannockburn Global Forex, LLC

 

9/16/2022

 

7

Foreign currency forward contract

$

117

 

AUD

152

 

Bannockburn Global Forex, LLC

 

10/19/2022

 

7

Foreign currency forward contract

$

105

 

AUD

136

 

Bannockburn Global Forex, LLC

 

11/16/2022

 

6

Foreign currency forward contract

$

109

 

AUD

142

 

Bannockburn Global Forex, LLC

 

12/16/2022

 

7

Foreign currency forward contract

$

118

 

AUD

153

 

Bannockburn Global Forex, LLC

 

1/18/2023

 

7

Foreign currency forward contract

$

108

 

AUD

140

 

Bannockburn Global Forex, LLC

 

2/16/2023

 

6

Foreign currency forward contract

$

102

 

AUD

132

 

Bannockburn Global Forex, LLC

 

3/16/2023

 

6

Foreign currency forward contract

$

123

 

AUD

160

 

Bannockburn Global Forex, LLC

 

4/20/2023

 

7

Foreign currency forward contract

$

93

 

AUD

121

 

Bannockburn Global Forex, LLC

 

5/16/2023

 

5

Foreign currency forward contract

$

121

 

AUD

156

 

Bannockburn Global Forex, LLC

 

6/19/2023

 

7

Foreign currency forward contract

$

107

 

AUD

138

 

Bannockburn Global Forex, LLC

 

7/18/2023

 

6

Foreign currency forward contract

$

113

 

AUD

146

 

Bannockburn Global Forex, LLC

 

8/16/2023

 

6

Foreign currency forward contract

$

113

 

AUD

146

 

Bannockburn Global Forex, LLC

 

9/18/2023

 

6

Foreign currency forward contract

$

114

 

AUD

148

 

Bannockburn Global Forex, LLC

 

10/18/2023

 

6

Foreign currency forward contract

$

107

 

AUD

140

 

Bannockburn Global Forex, LLC

 

11/16/2023

 

6

Foreign currency forward contract

$

109

 

AUD

142

 

Bannockburn Global Forex, LLC

 

12/18/2023

 

6

Foreign currency forward contract

$

115

 

AUD

150

 

Bannockburn Global Forex, LLC

 

1/17/2024

 

6

Foreign currency forward contract

$

110

 

AUD

143

 

Bannockburn Global Forex, LLC

 

2/16/2024

 

6

Foreign currency forward contract

$

11,827

 

AUD

15,410

 

Bannockburn Global Forex, LLC

 

3/18/2024

 

635

$

781

(a)

All of the Company’s investments are issued by eligible portfolio companies, as defined in the Investment Company Act of 1940 (the “1940 Act”), unless otherwise noted. All of the Company’s investments are issued by U.S. portfolio companies unless otherwise noted.

(b)

The majority of the investments bear interest at a rate that may be determined by reference to the London Interbank Offered Rate (“LIBOR” or “L”), Prime Rate (“Prime” or “P”), Sterling Overnight Index Average (“SONIA” or “SN”) or Secured Overnight Financing Rate (“SOFR” or “SF”) which reset daily, monthly, quarterly, or semiannually. For each such investment, the Company has provided the spread over LIBOR, Prime, SN, or SOFR and the current contractual interest rate in effect at December 31, 2021. Certain investments are subject to a LIBOR, Prime, SN, or SOFR interest rate floor, or rate cap. Certain investments contain a Payment-in-Kind (“PIK”) provision.

(c)

Except as otherwise noted, all of the Company’s portfolio company investments, which as of December 31, 2021 represented 225.2% of the Company’s net assets or 95.1% of the Company’s total assets, are subject to legal restrictions on sales.

(d)

Except as otherwise noted, because there is no readily available market value for these investments, the fair value of these investments is determined in good faith using significant unobservable inputs by the Company’s board of directors as required by the 1940 Act. See Note 4 in the accompanying notes to the consolidated financial statements.

(e)

Percentages are based on net assets of $249,471 as of December 31, 2021.

(f)

All or a portion of this commitment was unfunded at December 31, 2021. As such, interest is earned only on the funded portion of this commitment.

32

Table of Contents

MONROE CAPITAL CORPORATION

CONSOLIDATED SCHEDULE OF INVESTMENTS – (continued)

December 31, 2021

(in thousands, except for shares and units)

(g)

This delayed draw loan requires that certain financial covenants be met by the portfolio company prior to any fundings.

(h)

This investment is treated as a non-qualifying investment under Section 55(a) of the 1940 Act. Under the 1940 Act, the Company may not acquire any non-qualifying asset unless, at the time the acquisition is made, qualifying assets represent at least 70% of the Company’s total assets. As of December 31, 2021, non-qualifying assets totaled 22.5% of the Company’s total assets.

(i)

This loan is denominated in Australian dollars and is translated into U.S. dollars as of the valuation date.

(j)

This is an international company.

(k)

All of this loan is held in the Company’s wholly-owned subsidiary, Monroe Capital Corporation SBIC, LP, and is therefore not collateral to the Company’s revolving credit facility.

(l)

During 2020, the senior secured lender group of Toojay’s Management, LLC (“Toojay’s OldCo”) established TJ Management HoldCo, LLC (“Toojay’s NewCo”) in order to acquire certain of the assets of Toojay’s OldCo as part of a bankruptcy restructuring. The Company owns 15.9% of the equity in Toojay’s NewCo. Toojay’s NewCo credit bid a portion of the senior secured debt in Toojay’s OldCo to acquire certain assets of Toojay’s OldCo which constitute the ongoing operations of the portfolio company. The Company’s portion of this credit bid was $2,386, and as such the Company’s outstanding senior secured debt investment in Toojay’s OldCo was reduced by the amount of the credit bid and the Company’s cost basis of its new equity investment in Toojay’s NewCo was increased by the amount of the credit bid. While the Company still has loans outstanding at Toojay’s OldCo, the Company has valued these positions at zero as of December 31, 2021.

(m)

This position was on non-accrual status as of December 31, 2021, meaning that the Company has ceased accruing interest income on the position. See Note 2 in the accompanying notes to the consolidated financial statements for additional information on the Company’s accounting policies.

(n)

This investment represents a note convertible to preferred shares of the borrower.

(o)

In 2020, an arbitrator issued a final award in favor of the estate of Rockdale Blackhawk, LLC (the “Estate”) in the legal proceeding between the Estate and a national insurance carrier. The Company’s share of the net proceeds from the award exceeded the contractual obligations due to the Company as a result of the Company’s right to receive excess proceeds pursuant to the terms of a sharing agreement between the lenders and the Estate. This investment is a non-income producing security.

(p)

This is a demand note with no stated maturity.

(q)

The Company structures its unitranche secured loans as senior secured loans. The Company obtains security interests in the assets of these portfolio companies that serve as collateral in support of the repayment of these loans. This collateral may take the form of first-priority liens on the assets of a portfolio company. Generally, the Company syndicates a “first out” portion of the loan to an investor and retains a “last out” portion of the loan, in which case the “first out” portion of the loan will generally receive priority with respect to payments of principal, interest and any other amounts due thereunder. Unitranche structures combine characteristics of traditional first lien senior secured as well as second lien and subordinated loans and the Company’s unitranche secured loans will expose the Company to the risks associated with second lien and subordinated loans and may limit the Company’s recourse or ability to recover collateral upon a portfolio company’s bankruptcy. Unitranche secured loans typically provide for moderate loan amortization in the initial years of the facility, with the majority of the amortization deferred until loan maturity. Unitranche secured loans generally allow the borrower to make a large lump sum payment of principal at the end of the loan term, and there is a risk of loss if the borrower is unable to pay the lump sum or refinance the amount owed at maturity. In many cases the Company, together with its affiliates, are the sole or majority lender of these unitranche secured loans, which can afford the Company additional influence with a borrower in terms of monitoring and, if necessary, remediation in the event of underperformance.

(r)

A portion of this loan (principal of $54) is held in the Company’s wholly-owned subsidiary, Monroe Capital Corporation SBIC, LP, and is therefore not collateral to the Company’s revolving credit facility.

(s)

A portion of this loan (principal of $4,969) is held in the Company’s wholly-owned subsidiary, Monroe Capital Corporation SBIC, LP, and is therefore not collateral to the Company’s revolving credit facility.

(t)

A portion of this loan (principal of $421) is held in the Company’s wholly-owned subsidiary, Monroe Capital Corporation SBIC, LP, and is therefore not collateral to the Company’s revolving credit facility.

(u)

A portion of this loan (principal of $9,258) is held in the Company’s wholly-owned subsidiary, Monroe Capital Corporation SBIC, LP, and is therefore not collateral to the Company’s revolving credit facility.

(v)

A portion of this loan (principal of $525) is held in the Company’s wholly-owned subsidiary, Monroe Capital Corporation SBIC, LP, and is therefore not collateral to the Company’s revolving credit facility.

33

Table of Contents

MONROE CAPITAL CORPORATION

CONSOLIDATED SCHEDULE OF INVESTMENTS – (continued)

December 31, 2021

(in thousands, except for shares and units)

(w)

This loan is denominated in Great Britain pounds and is translated into U.S. dollars as of the valuation date.

(x)

Represents less than 5% ownership of the portfolio company’s voting securities.

(y)

Ownership of certain equity investments may occur through a holding company or partnership.

(z)

Represents a non-income producing security.

(aa)

Investment is held by a taxable subsidiary of the Company. See Note 2 in the accompanying notes to the consolidated financial statements for additional information on the Company’s wholly-owned taxable subsidiaries.

(ab)

As of December 31, 2021, the Company was party to a subscription agreement with a commitment to fund an additional equity investment of $16.

(ac)

As of December 31, 2021, the Company was party to a subscription agreement with a commitment to fund an equity investment of $43.

(ad)

As defined in the 1940 Act, the Company is deemed to be an “Affiliated Person” of the portfolio company as it owns 5% or more of the portfolio company’s voting securities. See Note 5 in the accompanying notes to the consolidated financial statements for additional information on transactions in which the issuer was an Affiliated Person (but not a portfolio company that the Company is deemed to control).

(ae)

The Company restructured its investment in HFZ Capital Group LLC (“HFZ”) during 2020. As part of the restructuring of HFZ, the Company obtained a 15.9% equity interest in MC Asset Management (Corporate), LLC (“Corporate”). Corporate owns 100% of the equity of MC Asset Management Industrial, LLC (“Industrial”). In conjunction with these restructurings, the Company participated $4,758 of principal of its loan to HFZ as an equity contribution to Industrial. This participation did not qualify for sale accounting under ASC Topic 860–Transfers and Servicing because the sale did not meet the definition of a “participating interest”, as defined in the guidance, in order for sale treatment to be allowed. As a result, the Company continues to reflect its full investment in HFZ but has split the loan into two investments.

(af)

During the three months ended December 31, 2021, the Company sold its investment in Luxury Optical Holdings Co. The remaining fair value at December 31, 2021 represents the remaining expected escrow proceeds associated with the sale.

(ag)

A portion of this loan (principal of $4,226) is held in the Company’s wholly-owned subsidiary, Monroe Capital Corporation SBIC, LP, and is therefore not collateral to the Company’s revolving credit facility.

(ah)

As of December 31, 2021, the Company was party to a subscription agreement with a commitment to fund an additional equity investment of $428.

(ai)

As defined in the 1940 Act, the Company is deemed to be both an “Affiliated Person” of and to “Control” this portfolio company as it owns more than 25% of the portfolio company’s voting securities. See Note 5 in the accompanying notes to the consolidated financial statements for additional information on transactions in which the issuer was both an Affiliated Person and a portfolio company that the Company is deemed to Control.

(aj)

The fair value of this investment was valued using Level 1 inputs. See Note 4 in the accompanying notes to the consolidated financial statements.

n/a - not applicable

34

Table of Contents

MONROE CAPITAL CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

(in thousands, except share and per share data)

Note 1. Organization and Principal Business

Monroe Capital Corporation (together with its subsidiaries, the “Company”) is an externally managed, non-diversified, closed-end management investment company and has elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation through investment in senior secured, junior secured and unitranche secured (a combination of senior secured and junior secured debt in the same facility in which the Company syndicates a “first out” portion of the loan to an investor and retains a “last out” portion of the loan) debt and, to a lesser extent, unsecured subordinated debt and equity co-investments in preferred and common stock and warrants. The Company is managed by Monroe Capital BDC Advisors, LLC (“MC Advisors”), a registered investment adviser under the Investment Advisers Act of 1940, as amended. In addition, for U.S. federal income tax purposes, the Company has elected to be treated as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”).

On February 28, 2014, the Company’s wholly-owned subsidiary, Monroe Capital Corporation SBIC, LP (“MRCC SBIC”), a Delaware limited partnership, received a license from the Small Business Administration (“SBA”) to operate as a Small Business Investment Company (“SBIC”) under Section 301(c) of the Small Business Investment Act of 1958, as amended. MRCC SBIC commenced operations on September 16, 2013. MRCC SBIC received approval from the SBA to surrender its SBIC license and on March 31, 2022, MRCC SBIC was dissolved. See Note 7 for additional information.

Note 2. Summary of Significant Accounting Policies

Basis of Presentation

The accompanying consolidated financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”). The accompanying consolidated financial statements of the Company and related financial information have been prepared pursuant to the requirements for reporting on Form 10-Q and Articles 6 and 10 of Regulation S-X. The Company has determined it meets the definition of an investment company and follows the accounting and reporting guidance in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 946  Financial Services – Investment Companies (“ASC Topic 946”). Certain prior period amounts have been reclassified to conform to the current period presentation.

Use of Estimates

The preparation of the consolidated financial statements in conformity with GAAP requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

Consolidation

As permitted under ASC Topic 946, the Company will generally not consolidate its investment in a portfolio company other than an investment company subsidiary or a controlled operating company whose business consists of providing services to the Company. Accordingly, the Company consolidated the results of the Company’s wholly-owned subsidiaries, including MRCC SBIC (through its dissolution date) and its wholly-owned general partner MCC SBIC GP, LLC, and the Company’s wholly-owned taxable subsidiaries (the “Taxable Subsidiaries”) in its consolidated financial statements. The purpose of the Taxable Subsidiaries is to permit the Company to hold equity investments in portfolio companies that are taxed as partnerships for U.S. federal income tax purposes while complying with the “source of income” requirements contained in the RIC tax provisions. The Taxable Subsidiaries are not consolidated with the Company for U.S. federal corporate income tax purposes, and each Taxable Subsidiary is subject to U.S. federal corporate income tax on its taxable income. All intercompany balances and transactions have been eliminated. The Company does not consolidate its non-controlling interest in MRCC Senior Loan Fund I, LLC (“SLF”). See further description of the Company’s investment in SLF in Note 3.

35

Table of Contents

Fair Value of Financial Instruments

The Company applies fair value to substantially all of its financial instruments in accordance with ASC Topic 820 — Fair Value Measurements and Disclosures (“ASC Topic 820”). ASC Topic 820 defines fair value, establishes a framework used to measure fair value, and requires disclosures for fair value measurements, including the categorization of financial instruments into a three-level hierarchy based on the transparency of valuation inputs. See Note 4 for further discussion regarding the fair value measurements and hierarchy.

ASC Topic 820 requires disclosure of the fair value of financial instruments for which it is practical to estimate such value. The Company believes that the carrying amounts of its other financial instruments such as cash, receivables and payables approximate the fair value of such items due to the short maturity of such instruments.

Revenue Recognition

The Company’s revenue recognition policies are as follows:

Investments and related investment income: Interest and dividend income is recorded on the accrual basis to the extent that the Company expects to collect such amounts. Interest income is accrued based upon the outstanding principal amount and contractual terms of debt and preferred equity investments. Interest is accrued on a daily basis. The Company records fees on loans based on the determination of whether the fee is considered a yield enhancement or payment for a service. If the fee is considered a yield enhancement associated with a funding of cash on a loan, the fee is generally deferred and recognized into interest income using the effective interest method if captured in the cost basis or using the straight-line method if the loan is unfunded and therefore there is no cost basis. If the fee is not considered a yield enhancement because a service was provided, and the fee is payment for that service, the fee is deemed earned and recognized as fee income in the period the service has been completed.

Dividend income on preferred equity securities is recorded as dividend income on an accrual basis to the extent that such amounts are payable by the portfolio company and are expected to be collected. Dividend income on common equity securities is recorded on the record date for private portfolio companies. Each distribution received from limited liability company (“LLC”) and limited partnership (“LP”) investments is evaluated to determine if the distribution should be recorded as dividend income or a return of capital. Generally, the Company will not record distributions from equity investments in LLCs and LPs as dividend income unless there are sufficient accumulated tax-basis earnings and profits in the LLC or LP prior to the applicable distribution. Distributions that are classified as a return of capital are recorded as a reduction in the cost basis of the investment. For the three and nine months ended September 30, 2022, the Company received return of capital distributions from its equity investments and its investment in LLC equity in SLF of zero and $290, respectively. For the three and nine months ended September 30, 2021, the Company received return of capital distributions from its equity investments and its investment in LLC equity in SLF of zero and $1,177, respectively.

The Company has certain investments in its portfolio that contain a payment-in-kind (“PIK”) provision, which represents contractual interest or dividends that are added to the principal balance and recorded as income. The Company stops accruing PIK interest or PIK dividends when it is determined that PIK interest or PIK dividends are no longer collectible. To maintain RIC tax treatment, and to avoid incurring corporate U.S. federal income tax, substantially all of this income must be paid out to stockholders in the form of distributions, even though the Company has not yet collected the cash.

Loan origination fees, original issue discount and market discount or premiums are capitalized, and the Company then amortizes such amounts using the effective interest method as interest income over the life of the investment. Unamortized discounts and loan origination fees totaled $3,599 and $4,370 as of September 30, 2022 and December 31, 2021, respectively. Upfront loan origination and closing fees received for the three and nine months ended September 30, 2022 totaled $1,126 and $1,871, respectively. Upfront loan origination and closing fees received for the three and nine months ended September 30, 2021 totaled $1,611 and $3,114, respectively. Upon prepayment of a loan or debt security, any unamortized premium or discount or loan origination fees are recorded as interest income.

36

Table of Contents

The components of the Company’s investment income were as follows:

Three months ended 

September 30,

    

2022

    

2021

Interest income

$

12,491

$

9,444

PIK interest income

 

1,240

 

2,913

Dividend income (1)

 

1,051

 

1,957

Fee income

 

412

 

288

Prepayment gain (loss)

 

495

 

372

Accretion of discounts and amortization of premiums

 

227

 

240

Total investment income

$

15,916

$

15,214

Nine months ended 

September 30,

2022

2021

Interest income

$

30,602

$

26,905

PIK interest income

    

 

4,458

    

 

6,326

Dividend income (2)

 

3,108

 

4,368

Fee income

 

1,604

 

1,065

Prepayment gain (loss)

 

758

 

1,270

Accretion of discounts and amortization of premiums

 

872

 

857

Total investment income

$

41,402

$

40,791

(1)Includes PIK dividends of $124 and $921, respectively.
(2)Includes PIK dividends of $350 and $1,055, respectively.

Investment transactions are recorded on a trade-date basis. Realized gains or losses on portfolio investments are calculated based upon the difference between the net proceeds from the disposition and the amortized cost basis of the investment, without regard to unrealized gains or losses previously recognized. Realized gains and losses are recorded within net realized gain (loss) on investments on the consolidated statements of operations. Changes in the fair value of investments from the prior period, as determined through the application of the Company’s valuation policy, are included within net change in unrealized gain (loss) on investments on the consolidated statements of operations.

Non-accrual: Loans or preferred equity securities are placed on non-accrual status when principal, interest or dividend payments become materially past due, or when there is reasonable doubt that principal, interest or dividends will be collected. Additionally, any original issue discount and market discount are no longer accreted to interest income as of the date the loan is placed on non-accrual status. Interest payments received on non-accrual loans may be recognized as income or applied to principal depending upon management’s judgment. Non-accrual loans are restored to accrual status when past due principal, interest, or dividends are paid, or are expected to be paid, and, in management’s judgment are likely to remain current. The fair value of the Company’s investments on non-accrual status totaled $3,484 and $14,693 at September 30, 2022 and December 31, 2021, respectively.

Distributions

Distributions to common stockholders are recorded on the applicable record date. The amount, if any, to be distributed to common stockholders is determined by the Board each quarter and is generally based upon the Company’s earnings estimated by management. Net realized capital gains, if any, are generally distributed at least annually.

The determination of the tax attributes for the Company’s distributions is made annually, based upon its taxable income for the full year and distributions paid for the full year. Ordinary dividend distributions from a RIC do not qualify for the preferential tax rate on qualified dividend income from domestic corporations and qualified foreign corporations, except to the extent that the RIC received the income in the form of qualifying dividends from domestic corporations and qualified foreign corporations. The tax attributes for distributions will generally include both ordinary income and capital gains, but may also include qualified dividends or return of capital.

37

Table of Contents

In October 2012, the Company adopted a dividend reinvestment plan (“DRIP”) that provides for the reinvestment of dividends on behalf of its stockholders, unless a stockholder has elected to receive dividends in cash. When the Company declares a cash dividend, the Company’s stockholders who have not “opted out” of the DRIP at least three days prior to the dividend payment date will have their cash dividend automatically reinvested into additional shares of the Company’s common stock. The Company has the option to satisfy the share requirements of the DRIP through the issuance of new shares of common stock or through open market purchases of common stock by the DRIP plan administrator. Newly issued shares are valued based upon the final closing price of the Company’s common stock on a date determined by the Board. Shares purchased in the open market to satisfy the DRIP requirements will be valued based upon the average price of the applicable shares purchased by the DRIP plan administrator, before any associated brokerage or other costs. See Note 9 for additional information on the Company’s distributions.

Segments

In accordance with ASC Topic 280 — Segment Reporting, the Company has determined that it has a single reporting segment and operating unit structure.

Cash

The Company deposits its cash in a financial institution and, at times, such balances may be in excess of the Federal Deposit Insurance Corporation insurance limits.

Restricted Cash

Restricted cash included amounts held within MRCC SBIC. Cash held within an SBIC is generally restricted to the originations of new loans from the SBIC and the payment of SBA debentures and related interest expense.

Unamortized Deferred Financing Costs

Deferred financing costs represent fees and other direct incremental costs incurred in connection with the Company’s borrowings. As of September 30, 2022 and December 31, 2021, the Company had unamortized deferred financing costs of $3,223 and $5,794 respectively, presented as a direct reduction of the carrying amount of debt on the consolidated statements of assets and liabilities. These amounts are amortized and included in interest and other debt financing expenses on the consolidated statements of operations over the estimated average life of the borrowings. Amortization of deferred financing costs for the three and nine months ended September 30, 2022 was $522 and $1,613, respectively. Amortization of deferred financing costs for the three and nine months ended September 30, 2021 was $539 and $1,677, respectively.

Offering Costs

Offering costs include, among other things, fees paid in relation to legal, accounting, regulatory and printing work completed in preparation of debt and equity offerings. Offering costs from equity offerings are charged against the proceeds from the offering within the consolidated statements of changes in net assets. Offering costs from debt offerings are reclassified to unamortized deferred financing costs on the consolidated statements of assets and liabilities as noted above. As of September 30, 2022 and December 31, 2021, other assets on the consolidated statements of assets and liabilities included $182 and $123 of deferred offering costs, respectively, which will be charged against the proceeds from future debt or equity offerings when completed.

Investments Denominated in Foreign Currency

As of September 30, 2022, the Company held investments in one portfolio company that was denominated in Australian dollars. As of December 31, 2021, the Company held investments in one portfolio company that was denominated in Great Britain pounds and one portfolio company that was denominated in Australian dollars.

At each balance sheet date, portfolio company investments denominated in foreign currencies are translated into U.S. dollars using the spot exchange rate on the last business day of the period. Purchases and sales of foreign portfolio company investments, and any income from such investments, are translated into U.S. dollars using the rates of exchange prevailing on the respective dates of such transactions.

38

Table of Contents

Although the fair values of foreign portfolio company investments and the fluctuation in such fair values are translated into U.S. dollars using the applicable foreign exchange rates described above, the Company does not isolate the portion of the change in fair value resulting from foreign currency exchange rates fluctuations from the change in fair value of the underlying investment. All fluctuations in fair value are included in net change in unrealized gain (loss) on investments on the Company’s consolidated statements of operations.

Investments denominated in foreign currencies and foreign currency transactions may involve certain consideration and risks not typically associated with those of domestic origin, including unanticipated movements in the value of the foreign currency relative to the U.S. dollar.

Derivative Instruments

The Company may enter into foreign currency forward contracts to reduce the Company’s exposure to foreign currency exchange rate fluctuations. In a foreign currency forward contract, the Company agrees to receive or deliver a fixed quantity of one currency for another, at a pre-determined price at a future date. Foreign currency forward contracts are marked-to-market based on the difference between the forward rate and the exchange rate at the current period end. Unrealized gain (loss) on foreign currency forward contracts are recorded on the Company’s consolidated statements of assets and liabilities by counterparty on a net basis.

The Company does not utilize hedge accounting and as such values its foreign currency forward contracts at fair value with the change in unrealized gain or loss recorded in net change in unrealized gain (loss) on foreign currency forward contracts and the realized gain or loss recorded in net realized gain (loss) on foreign currency forward contracts on the Company’s consolidated statements of operations.

Income Taxes

The Company has elected to be treated as a RIC under Subchapter M of the Code and operates in a manner so as to qualify for the tax treatment available to RICs. To maintain qualification as a RIC, the Company must, among other things, meet certain source-of-income and asset diversification requirements and distribute to stockholders, for each taxable year, at least 90% of the Company’s “investment company taxable income,” which is generally the Company’s net ordinary income plus the excess, if any, of realized net short-term capital gains over realized net long-term capital losses. If the Company qualifies as a RIC and satisfies the annual distribution requirement, the Company will not have to pay corporate-level federal income taxes on any income that the Company distributes to its stockholders. The Company intends to make distributions in an amount sufficient to maintain RIC status each year and to avoid any federal income taxes on income. The Company is also subject to nondeductible federal excise taxes if the Company does not distribute at least 98% of net ordinary income, 98.2% of any capital gain net income, if any, and any recognized and undistributed income from prior years for which it paid no federal income taxes. To the extent that the Company determines that its estimated current year annual taxable income may exceed estimated current year dividend distributions, the Company accrues excise tax, calculated as 4% of the estimated excess taxable income, if any, as taxable income is earned. For the three and nine months ended September 30, 2022, the Company recorded a net (benefit) expense on the consolidated statements of operations of ($55) and $64, respectively, for U.S. federal excise tax. For the three and nine months ended September 30, 2021, the Company recorded a net expense on the consolidated statements of operations of $68 and $251, respectively, for U.S. federal excise tax. As of September 30, 2022 and December 31, 2021, the Company had a receivable of $29 and a payable of $183 for excise taxes, respectively, which were included in accounts payable and accrued expenses on the Company’s consolidated statements of assets and liabilities.

The Company’s consolidated Taxable Subsidiaries may be subject to U.S. federal and state corporate-level income taxes. For the three and nine months ended September 30, 2022, the Company recorded a net tax expense of $923 and $1,225, respectively, on the consolidated statements of operations for these subsidiaries. For both the three and nine months ended September 30, 2021, the Company recorded a net tax expense of $3 on the consolidated statements of operations for these subsidiaries. As of September 30, 2022 and December 31, 2021, the Company had payables of $923 and zero for corporate-level income taxes, respectively, which were included in accounts payable and accrued expenses on the Company’s consolidated statements of assets and liabilities.

The Company accounts for income taxes in conformity with ASC Topic 740 — Income Taxes (“ASC Topic 740”). ASC Topic 740 provides guidelines for how uncertain tax positions should be recognized, measured, presented and disclosed in the consolidated financial statements. ASC Topic 740 requires the evaluation of tax positions taken in the course of preparing the Company’s tax returns to determine whether the tax positions are “more-likely-than-not” to be sustained by the applicable tax authority. Tax benefits of positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax expense in the current year. It is the Company’s policy to recognize accrued interest and penalties related to uncertain tax benefits in income tax expense. The Company did not take any material uncertain income tax positions through September 30, 2022. The 2018 through 2021 tax years remain subject to examination by U.S. federal and state tax authorities.

39

Table of Contents

Subsequent Events

The Company has evaluated the need for disclosures and/or adjustments resulting from subsequent events through the date the consolidated financial statements were issued. There have been no subsequent events that occurred during such period that would require disclosure in this Form 10-Q or would be required to be recognized in the consolidated financial statements as of and for the nine months ended September 30, 2022.

Recent Accounting Pronouncements

In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (“ASU 2020-04”). The amendments in ASU 2020-04 provide optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The standard is effective as of March 12, 2020 through December 31, 2024. The Company did not utilize the optional expedients and exceptions provided by ASU 2020-04 during the nine months ended September 30, 2022.

Note 3. Investments

The following tables show the composition of the Company’s investment portfolio, at amortized cost and fair value (with corresponding percentage of total portfolio investments):

September 30, 2022

December 31, 2021

 

Amortized Cost:

Senior secured loans

    

$

402,969

    

73.9

%  

$

415,600

    

72.1

%

Unitranche secured loans

 

45,671

 

8.4

 

70,977

 

12.3

Junior secured loans

 

20,386

 

3.7

 

14,317

 

2.5

LLC equity interest in SLF

 

42,650

 

7.8

 

42,150

 

7.3

Equity securities

 

33,674

 

6.2

 

33,134

 

5.8

Total

$

545,350

 

100.0

%  

$

576,178

 

100.0

%

September 30, 2022

December 31, 2021

 

Fair Value:

    

  

    

  

    

  

    

  

Senior secured loans

$

402,229

 

79.2

%  

$

423,700

 

75.4

%

Unitranche secured loans

 

21,043

 

4.1

 

51,494

 

9.2

Junior secured loans

 

21,426

 

4.2

 

14,364

 

2.6

LLC equity interest in SLF

 

36,544

 

7.2

 

41,125

 

7.3

Equity securities

 

26,776

 

5.3

 

31,010

 

5.5

Total

$

508,018

 

100.0

%  

$

561,693

 

100.0

%

The following tables show the composition of the Company’s investment portfolio by geographic region, at amortized cost and fair value (with corresponding percentage of total portfolio investments). The geographic composition is determined by the location of the corporate headquarters of the portfolio company, which may not be indicative of the primary source of the portfolio company’s business:

September 30, 2022

December 31, 2021

 

Amortized Cost:

    

  

    

  

    

  

    

  

International

$

11,860

 

2.2

%  

$

11,860

 

2.0

%

Midwest

 

153,053

 

28.1

 

145,023

 

25.2

Northeast

 

90,143

 

16.5

 

107,828

 

18.7

Southeast

 

148,194

 

27.2

 

164,100

 

28.5

Southwest

 

26,995

 

4.9

 

40,121

 

7.0

West

 

115,105

 

21.1

 

107,246

 

18.6

Total

$

545,350

 

100.0

%  

$

576,178

 

100.0

%

40

Table of Contents

September 30, 2022

December 31, 2021

 

Fair Value:

    

  

    

  

    

  

    

  

International

$

9,774

 

1.9

%  

$

11,093

 

2.0

%

Midwest

 

141,027

 

27.8

 

143,435

 

25.5

Northeast

 

94,357

 

18.6

 

112,175

 

20.0

Southeast

 

143,885

 

28.3

 

159,807

 

28.4

Southwest

 

28,728

 

5.6

 

44,380

 

7.9

West

 

90,247

 

17.8

 

90,803

 

16.2

Total

$

508,018

 

100.0

%  

$

561,693

 

100.0

%

The following tables show the composition of the Company’s investment portfolio by industry, at amortized cost and fair value (with corresponding percentage of total portfolio investments):

September 30, 2022

December 31, 2021

 

Amortized Cost:

Aerospace & Defense

    

$

7,791

    

1.4

%  

$

7,828

    

1.4

%

Automotive

 

13,159

 

2.4

 

21,162

 

3.7

Banking

 

16,895

 

3.1

 

5,416

 

1.0

Beverage, Food & Tobacco

 

15,669

 

2.9

 

21,036

 

3.7

Capital Equipment

 

18,649

 

3.4

 

12,656

 

2.2

Chemicals, Plastics & Rubber

 

3,168

 

0.6

 

9,426

 

1.6

Construction & Building

 

6,655

 

1.2

 

16,450

 

2.9

Consumer Goods: Durable

 

9,350

 

1.7

 

9,536

 

1.7

Consumer Goods: Non-Durable

 

28,281

 

5.2

 

28,232

 

4.9

Environmental Industries

 

6,174

 

1.1

 

17,103

 

3.0

FIRE: Finance

 

20,948

 

3.8

 

16,264

 

2.8

FIRE: Real Estate

 

80,776

 

14.8

 

72,826

 

12.6

Healthcare & Pharmaceuticals

 

48,466

 

8.9

 

52,743

 

9.2

High Tech Industries

 

51,203

 

9.4

 

52,710

 

9.1

Hotels, Gaming & Leisure

 

2,579

 

0.5

 

2,662

 

0.5

Investment Funds & Vehicles

 

42,650

 

7.8

 

42,150

 

7.3

Media: Advertising, Printing & Publishing

 

17,785

 

3.3

 

13,421

 

2.3

Media: Broadcasting & Subscription

 

2,656

 

0.5

 

2,472

 

0.4

Media: Diversified & Production

 

29,460

 

5.4

 

23,853

 

4.1

Retail

 

9,985

 

1.8

 

10,954

 

1.9

Services: Business

 

50,604

 

9.3

 

69,292

 

12.0

Services: Consumer

 

39,035

 

7.2

 

46,284

 

8.0

Telecommunications

 

7,392

 

1.4

 

5,892

 

1.0

Wholesale

 

16,020

 

2.9

 

15,810

 

2.7

Total

$

545,350

 

100.0

%  

$

576,178

 

100.0

%

41

Table of Contents

September 30, 2022

December 31, 2021

 

Fair Value:

Aerospace & Defense

    

$

7,837

    

1.6

%  

$

7,972

    

1.4

%

Automotive

 

13,262

 

2.6

 

21,556

 

3.8

Banking

 

19,083

 

3.8

 

6,712

 

1.2

Beverage, Food & Tobacco

 

12,872

 

2.5

 

19,133

 

3.4

Capital Equipment

 

18,871

 

3.7

 

12,839

 

2.3

Chemicals, Plastics & Rubber

 

4,387

 

0.9

 

10,163

 

1.8

Construction & Building

 

6,714

 

1.3

 

16,636

 

3.0

Consumer Goods: Durable

 

9,382

 

1.8

 

9,734

 

1.7

Consumer Goods: Non-Durable

 

3,502

 

0.7

 

8,460

 

1.5

Environmental Industries

 

6,769

 

1.3

 

17,693

 

3.2

FIRE: Finance

 

19,212

 

3.8

 

15,681

 

2.8

FIRE: Real Estate

 

80,480

 

15.9

 

76,698

 

13.6

Healthcare & Pharmaceuticals

 

47,732

 

9.4

 

53,179

 

9.5

High Tech Industries

 

52,211

 

10.3

 

54,085

 

9.6

Hotels, Gaming & Leisure

 

2,550

 

0.5

 

2,706

 

0.5

Investment Funds & Vehicles

 

36,544

 

7.2

 

41,125

 

7.3

Media: Advertising, Printing & Publishing

 

20,294

 

4.0

 

16,794

 

3.0

Media: Broadcasting & Subscription

 

2,642

 

0.5

 

2,477

 

0.5

Media: Diversified & Production

 

29,598

 

5.8

 

24,220

 

4.3

Retail

 

10,202

 

2.0

 

11,478

 

2.0

Services: Business

 

51,484

 

10.1

 

71,540

 

12.7

Services: Consumer

 

30,465

 

6.0

 

39,248

 

7.0

Telecommunications

 

7,497

 

1.5

 

5,988

 

1.1

Wholesale

 

14,428

 

2.8

 

15,576

 

2.8

Total

$

508,018

 

100.0

%  

$

561,693

 

100.0

%

MRCC Senior Loan Fund I, LLC

The Company co-invests with Life Insurance Company of the Southwest (“LSW”) in senior secured loans through SLF, an unconsolidated Delaware LLC. SLF is capitalized as underlying investment transactions are completed, taking into account available debt and equity commitments available for funding these investments. All portfolio and investment decisions in respect to SLF must be approved by the SLF investment committee, consisting of one representative from the Company and one representative from LSW. SLF may cease making new investments upon notification of either member but operations will continue until all investments have been sold or paid-off in the normal course of business. Investments held by SLF are measured at fair value using the same valuation methodologies as described in Note 4. The Company’s investment is illiquid in nature as SLF does not allow for withdrawal from the LLC or the sale of a member’s interest unless approved by the board members of SLF. The full withdrawal of a member would result in an orderly wind-down of SLF.

SLF’s profits and losses are allocated to the Company and LSW in accordance with their respective ownership interests. As of both September 30, 2022 and December 31, 2021, the Company and LSW each owned 50.0% of the LLC equity interests of SLF. As of both September 30, 2022 and December 31, 2021, SLF had $100,000 in equity commitments from its members (in the aggregate), of which $85,300 and $84,300 was funded, respectively.

As of both September 30, 2022 and December 31, 2021, the Company had committed to fund $50,000 of LLC equity interest subscriptions to SLF. As of September 30, 2022 and December 31, 2021, $42,650 and $42,150 of the Company’s LLC equity interest subscriptions to SLF had been called and contributed, net of return of capital distributions subject to recall, respectively.

For the three and nine months ended September 30, 2022, the Company received $900 and $2,700 of dividend income from its LLC equity interest in SLF, respectively. For the three and nine months ended September 30, 2021, the Company received $1,025 and $3,300 of dividend income from its LLC equity interest in SLF, respectively.

42

Table of Contents

SLF has a senior secured revolving credit facility (as amended, the “SLF Credit Facility”) with Capital One, N.A., through its wholly-owned subsidiary MRCC Senior Loan Fund I Financing SPV, LLC (“SLF SPV”). The SLF Credit Facility allows SLF SPV to borrow up to $175,000, subject to leverage and borrowing base restrictions. Borrowings on the SLF Credit Facility bear interest at an annual rate of LIBOR (three-month) plus 2.10%.

SLF does not pay any fees to MC Advisors or its affiliates; however, SLF has entered into an administration agreement with Monroe Capital Management Advisors, LLC (“MC Management”), pursuant to which certain loan servicing and administrative functions are delegated to MC Management. SLF may reimburse MC Management for its allocable share of overhead and other expenses incurred by MC Management. For the three and nine months ended September 30, 2022, SLF incurred $65 and $175 of allocable expenses, respectively. For the three and nine months ended September 30, 2021, SLF incurred $51 and $159 of allocable expenses, respectively. There are no agreements or understandings by which the Company guarantees any SLF obligations.

As of September 30, 2022 and December 31, 2021, SLF had total assets at fair value of $201,608 and $194,623, respectively. As of September 30, 2022, SLF had two portfolio company investments on non-accrual status with a fair value of $2,545. As of December 31, 2021, SLF had one portfolio company investment on non-accrual status with a fair value of $1,072. The portfolio companies in SLF are in industries and geographies similar to those in which the Company may invest directly. Additionally, as of September 30, 2022 and December 31, 2021, SLF had $5,269 and $2,061, respectively, in outstanding commitments to fund investments under undrawn revolvers and delayed draw commitments.

Below is a summary of SLF’s portfolio, followed by a listing of the individual investments in SLF’s portfolio as of September 30, 2022 and December 31, 2021:

As of

 

September 30, 2022

December 31, 2021

 

Senior secured loans (1)

    

207,366

    

193,062

Weighted average current interest rate on senior secured loans (2)

 

8.3

%  

5.9

%

Number of portfolio company investments in SLF

 

62

 

57

Largest portfolio company investment (1)

 

6,668

 

6,720

Total of five largest portfolio company investments (1)

 

27,037

 

27,074

(1)Represents outstanding principal amount, excluding unfunded commitments.
(2)Computed as the (a) annual stated interest rate on accruing senior secured loans divided by (b) total senior secured loans at outstanding principal amount.

43

Table of Contents

MRCC SENIOR LOAN FUND I, LLC

CONSOLIDATED SCHEDULE OF INVESTMENTS

(unaudited)

September 30, 2022

    

Spread
Above

Interest

Portfolio Company (a)

Index (b)

    

Rate (b)

  

Maturity

    

Principal

    

Fair Value

Non-Controlled/Non-Affiliate Company Investments

 

Senior Secured Loans

Aerospace & Defense

Bromford Industries Limited (c)

 

P+

5.25

%  

11.50

%

11/5/2025

2,744

 

$

2,578

Bromford Industries Limited (c)

 

P+

5.25

%  

11.50

%

11/5/2025

 

1,829

 

1,719

Trident Maritime Systems, Inc.

 

L+

5.00

%  

8.67

%

2/26/2027

 

2,453

 

2,439

Trident Maritime Systems, Inc.

 

L+

5.00

%  

8.67

%

2/26/2027

 

746

 

742

Trident Maritime Systems, Inc. (Revolver) (d)

 

L+

5.00

%  

8.05

%

2/26/2027

 

319

 

122

 

 

 

8,091

 

7,600

Automotive

 

 

Accelerate Auto Works Intermediate, LLC

 

L+

4.75

%  

7.82

%

12/1/2027

 

1,395

 

1,395

Accelerate Auto Works Intermediate, LLC (Delayed Draw) (d)

 

L+

4.75

%  

7.82

%

12/1/2027

 

388

 

Accelerate Auto Works Intermediate, LLC (Revolver) (d)

 

L+

4.75

%  

7.82

%

12/1/2027

 

132

 

Truck-Lite Co., LLC

 

SF+

6.25

%  

8.93

%

12/14/2026

 

1,696

 

1,697

Truck-Lite Co., LLC

 

SF+

6.25

%  

8.93

%

12/14/2026

 

251

 

252

Truck-Lite Co., LLC

 

SF+

6.25

%  

8.93

%

12/14/2026

 

43

 

43

Wheel Pros, Inc.

 

L+

4.50

%  

7.55

%

5/11/2028

 

1,937

 

1,433

 

5,842

 

4,820

Beverage, Food & Tobacco

CBC Restaurant Corp.

 

n/a

 

5.00

% PIK(e)

12/30/2022

 

1,066

 

828

SW Ingredients Holdings, LLC

 

L+

4.75

%  

7.56

%

7/3/2025

 

3,591

 

3,587

 

4,657

 

4,415

Capital Equipment

Analogic Corporation

 

L+

5.25

%  

8.06

%

6/24/2024

 

4,715

 

4,494

DS Parent, Inc.

 

L+

5.75

%  

9.92

%

12/8/2028

 

2,888

 

2,781

MacQueen Equipment, LLC

 

L+

5.25

%  

8.92

%

1/7/2028

 

2,101

 

2,101

MacQueen Equipment, LLC (Delayed Draw) (d)

 

L+

5.25

%  

8.92

%

1/7/2028

 

592

 

69

MacQueen Equipment, LLC (Revolver) (d)

 

L+

5.25

%  

8.92

%

1/7/2028

 

296

 

89

 

 

10,592

 

9,534

Chemicals, Plastics & Rubber

 

Phoenix Chemical Holding Company LLC (fka Polymer Solutions Group)

 

L+

7.00

%  

10.12

%

1/3/2023

 

1,149

 

1,144

TJC Spartech Acquisition Corp.

 

L+

4.75

%  

7.10

%

5/5/2028

 

4,264

 

4,126

 

5,413

 

5,270

Construction & Building

The Cook & Boardman Group LLC

 

SF+

5.75

%  

8.48

%

10/20/2025

 

2,887

 

2,710

 

2,887

 

2,710

Consumer Goods: Durable

International Textile Group, Inc.

 

L+

5.00

%  

7.28

%

5/1/2024

 

1,676

 

1,307

Runner Buyer INC.

 

L+

5.50

%  

8.57

%

10/23/2028

 

2,985

 

2,040

 

4,661

 

3,347

Consumer Goods: Non-Durable

PH Beauty Holdings III, INC.

 

L+

5.00

%  

8.07

%

9/26/2025

 

2,399

 

1,955

 

2,399

 

1,955

Containers, Packaging & Glass

Liqui-Box Holdings, Inc.

 

L+

4.50

%  

7.57

%

2/26/2027

 

4,236

 

3,816

Polychem Acquisition, LLC

 

L+

5.00

%  

8.12

%

3/17/2025

 

2,895

 

2,895

7.88

% Cash/

Port Townsend Holdings Company, Inc. and Crown Corrugated Company

 

SF+

6.75

%  

2.00

% PIK(e)

4/3/2024

 

4,820

 

1,717

PVHC Holding Corp

 

L+

4.75

%  

8.42

%

8/5/2024

 

3,192

 

3,080

 

15,143

 

11,508

Energy: Oil & Gas

Drilling Info Holdings, Inc.

 

L+

4.25

%  

7.37

%

7/30/2025

 

4,481

 

4,335

Offen, Inc.

 

L+

5.00

%  

7.88

%

6/22/2026

 

2,249

 

2,249

Offen, Inc.

 

L+

5.00

%  

7.88

%

6/22/2026

 

869

 

869

 

7,599

 

7,453

FIRE: Finance

Harbour Benefit Holdings, Inc.

 

L+

5.25

%  

8.92

%

12/13/2024

 

2,913

 

2,892

Harbour Benefit Holdings, Inc.

 

L+

5.25

%  

8.37

%

12/13/2024

 

64

 

64

Minotaur Acquisition, Inc.

 

SF+

5.00

%  

8.13

%

3/27/2026

 

4,869

 

4,639

 

7,846

 

7,595

FIRE: Real Estate

Avison Young (USA) Inc. (c)

 

SF+

5.75

%  

8.90

%

1/30/2026

 

4,812

 

4,500

 

4,812

 

4,500

44

Table of Contents

MRCC SENIOR LOAN FUND I, LLC

CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)

(unaudited)

September 30, 2022

Spread
Above

Interest

Portfolio Company (a)

    

Index (b)

    

Rate (b)

Maturity

    

Principal

    

Fair Value

Healthcare & Pharmaceuticals

Cano Health, LLC

 

SF+

4.00

%  

7.13

%

11/23/2027

1,975

 

$

1,921

HAH Group Holding Company LLC

 

SF+

5.00

%  

8.71

%

10/29/2027

 

2,985

 

2,851

LSCS Holdings, Inc.

 

L+

4.50

%  

8.17

%

12/15/2028

 

1,832

 

1,764

Natus Medical Incorporated

 

SF+

5.50

%

8.68

%

7/20/2029

5,000

 

4,675

Paragon Healthcare, Inc.

 

SF+

5.75

%  

8.49

%

1/19/2028

 

2,254

 

2,240

Paragon Healthcare, Inc. (Delayed Draw) (d)

 

SF+

5.75

%

8.49

%

1/19/2028

245

 

Paragon Healthcare, Inc. (Revolver) (d)

 

SF+

5.75

%

8.49

%

1/19/2028

 

490

 

Radiology Partners, Inc.

 

L+

4.25

%

7.33

%

7/9/2025

 

4,760

 

4,032

TEAM Public Choices, LLC

 

L+

5.00

%

7.81

%

12/17/2027

 

2,962

 

2,859

 

22,503

 

20,342

High Tech Industries

Corel Inc. (c)

 

L+

5.00

%

8.07

%

7/2/2026

 

3,650

 

3,394

Lightbox Intermediate, L.P.

 

L+

5.00

%

8.67

%

5/11/2026

 

4,838

 

4,668

LW Buyer, LLC

 

L+

5.00

%

8.67

%

12/30/2024

 

4,838

 

4,765

TGG TS Acquisition Company

 

L+

6.50

%

10.17

%

12/12/2025

 

3,190

 

3,111

 

16,516

 

15,938

Hotels, Gaming & Leisure

Excel Fitness Holdings, Inc.

 

SF+

5.25

%

8.08

%

4/27/2029

 

4,375

 

4,112

Excel Fitness Holdings, Inc. (Revolver) (d)

 

SF+

5.25

%

8.03

%

4/28/2028

 

625

 

42

North Haven Spartan US Holdco, LLC

 

L+

5.00

%

8.17

%

6/6/2025

 

2,280

 

2,143

Tait LLC

 

L+

5.00

%

7.28

%

3/28/2025

 

4,093

 

3,817

Tait LLC (Revolver) (d)

 

P+

4.00

%

10.25

%

3/28/2025

 

769

 

185

 

12,142

 

10,299

Media: Advertising, Printing & Publishing

Cadent, LLC

 

L+

6.50

%

10.17

%

9/11/2025

 

4,237

 

4,227

Cadent, LLC (Revolver) (d)

 

L+

6.50

%

10.17

%

9/11/2025

 

167

 

 

4,404

 

4,227

Media: Diversified & Production

Research Now Group, Inc. and Survey Sampling International, LLC

 

L+

5.50

%

8.84

%

12/20/2024

 

6,667

 

6,054

STATS Intermediate Holdings, LLC

 

L+

5.25

%

8.19

%

7/10/2026

 

4,863

 

4,599

TA TT Buyer, LLC

 

SF+

5.00

%

8.98

%

3/30/2029

 

3,333

 

3,211

 

14,863

 

13,864

Services: Business

AQ Carver Buyer, Inc.

 

L+

5.00

%

8.67

%

9/23/2025

 

4,850

 

4,704

CHA Holdings, Inc

 

L+

4.50

%

8.17

%

4/10/2025

 

1,965

 

1,886

CHA Holdings, Inc

 

L+

4.50

%

8.17

%

4/10/2025

 

414

 

398

Eliassen Group, LLC

 

SF+

5.75

%

9.30

%

4/14/2028

 

3,259

 

3,221

Eliassen Group, LLC (Delayed Draw) (d)

 

SF+

5.75

%

9.13

%

4/14/2028

 

741

 

110

Engage2Excel, Inc.

 

L+

7.25

%

10.92

%

3/7/2023

 

4,293

 

4,255

Engage2Excel, Inc.

 

L+

7.25

%

10.92

%

3/7/2023

 

775

 

768

Engage2Excel, Inc. (Revolver) (d)

 

P+

6.25

%

12.50

%

3/7/2023

 

554

 

452

Orbit Purchaser LLC

 

L+

4.50

%

8.17

%

10/21/2024

 

2,413

 

2,195

Orbit Purchaser LLC

 

L+

4.50

%

8.17

%

10/21/2024

 

1,863

 

1,695

Orbit Purchaser LLC

 

L+

4.50

%

8.17

%

10/21/2024

 

545

 

496

8.30

%Cash/

Output Services Group, Inc.

 

SF+

6.75

%

1.50

% PIK

6/29/2026

 

4,801

 

3,409

Secretariat Advisors LLC

 

L+

4.75

%

8.42

%

12/29/2028

 

1,697

 

1,638

Secretariat Advisors LLC (Delayed Draw) (d)

 

L+

4.75

%

8.42

%

12/29/2028

 

270

 

SIRVA Worldwide Inc.

 

L+

5.50

%

9.17

%

8/4/2025

 

1,813

 

1,645

Teneo Holdings LLC

 

SF+

5.25

%

8.38

%

7/11/2025

 

4,850

 

4,597

The Kleinfelder Group, Inc.

 

L+

5.25

%

8.92

%

11/29/2024

 

2,368

 

2,368

 

37,471

 

33,837

Services: Consumer

360Holdco, Inc.

 

SF+

4.75

%

7.88

%

8/2/2025

 

2,151

 

2,140

360Holdco, Inc. (Delayed Draw) (d)

 

SF+

4.75

%

7.88

%

8/2/2025

 

827

 

66

Laseraway Intermediate Holdings II, LLC

 

L+

5.75

%

8.23

%

10/14/2027

 

2,206

 

2,170

McKissock Investment Holdings, LLC

 

SF+

5.00

%

8.73

%

3/9/2029

 

2,494

 

2,419

 

7,678

 

6,795

Telecommunications

Intermedia Holdings, Inc.

 

L+

6.00

%

9.12

%

7/21/2025

 

1,765

 

1,548

Mavenir Systems, Inc.

 

L+

4.75

%

7.71

%

8/18/2028

 

1,658

 

1,434

Sandvine Corporation

 

L+

4.50

%

8.17

%

10/31/2025

 

2,000

 

1,950

 

5,423

 

4,932

Transportation: Cargo

Keystone Purchaser, LLC

 

L+

5.25

%

9.42

%

5/7/2027

 

4,980

 

4,974

 

4,980

 

4,974

Utilities: Oil & Gas

Dresser Utility Solutions, LLC (fka NGS US Finco, LLC)

 

L+

4.25

%

7.37

%

10/1/2025

 

1,682

 

1,623

Dresser Utility Solutions, LLC (fka NGS US Finco, LLC)

 

L+

5.25

%

8.37

%

10/1/2025

 

246

 

239

 

1,928

 

1,862

Wholesale

HALO Buyer, Inc.

 

L+

4.50

%

7.62

%

6/30/2025

 

4,786

 

4,344

 

4,786

 

4,344

TOTAL INVESTMENTS

 

$

192,121

45

Table of Contents

MRCC SENIOR LOAN FUND I, LLC

CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)

(unaudited)

September 30, 2022

(a)All investments are U.S. companies unless otherwise noted.
(b)The majority of investments bear interest at a rate that may be determined by reference to the London Interbank Offered Rate (“LIBOR” or “L”), Secured Overnight Financing Rate (“SOFR” or “SF”) or Prime (“P”) which reset daily, monthly, quarterly or semiannually. The Company has provided the spread over LIBOR, SOFR or Prime and the current contractual rate of interest in effect at September 30, 2022. Certain investments may be subject to an interest rate floor or cap.
(c)This is an international company.
(d)All or a portion of this commitment was unfunded as of September 30, 2022. As such, interest is earned only on the funded portion of this commitment. Principal reflects the commitment outstanding.
(e)This position was on non-accrual status as of September 30, 2022, meaning that the Company has ceased accruing interest income on the position.

46

Table of Contents

MRCC SENIOR LOAN FUND I, LLC

CONSOLIDATED SCHEDULE OF INVESTMENTS

December 31, 2021

    

Spread 
Above 

    

    

    

    

Portfolio Company (a)

Index (b)

Interest Rate (b)

Maturity

Principal

Fair Value

Non-Controlled/Non-Affiliate Company Investments

Senior Secured Loans

 

  

 

  

 

  

 

  

 

  

Aerospace & Defense

 

  

 

  

 

  

 

  

 

  

Bromford Industries Limited (c)

 

P+

4.25

%  

7.50

%  

11/5/2025

 

2,744

$

2,692

Bromford Industries Limited (c)

 

P+

4.25

%  

7.50

%  

11/5/2025

 

1,829

 

1,794

Trident Maritime Systems, Inc.

 

L+

5.50

%  

6.50

%  

2/26/2027

 

2,467

 

2,478

Trident Maritime Systems, Inc. (Revolver) (d)

 

L+

5.50

%  

6.50

%  

2/26/2027

 

265

 

 

 

7,305

6,964

Automotive

 

  

 

  

 

  

 

  

 

  

Accelerate Auto Works Intermediate, LLC

 

L+

4.75

%  

5.75

%  

12/1/2027

 

1,454

 

1,436

Accelerate Auto Works Intermediate, LLC (Delayed Draw) (d)

 

L+

4.75

%  

5.75

%  

12/1/2027

 

388

 

Accelerate Auto Works Intermediate, LLC (Revolver) (d)

 

L+

4.75

%  

5.75

%  

12/1/2027

 

132

 

Truck-Lite Co., LLC

 

L+

6.25

%  

7.25

%  

12/14/2026

 

1,709

 

1,718

Truck-Lite Co., LLC

 

L+

6.25

%  

7.25

%  

12/14/2026

 

253

 

255

Wheel Pros, Inc.

 

L+

4.50

%  

5.25

%  

5/11/2028

 

1,952

 

1,951

 

 

5,888

5,360

Beverage, Food & Tobacco

 

  

 

  

 

  

 

  

 

  

CBC Restaurant Corp.

 

n/a

 

5.00

% PIK (f)

12/30/2022

 

1,116

 

1,072

SW Ingredients Holdings, LLC

 

L+

4.75

%  

5.75

%  

7/3/2025

 

3,619

 

3,619

 

 

4,735

4,691

Capital Equipment

 

  

 

  

 

  

 

  

 

  

Analogic Corporation

 

L+

5.25

%  

6.25

%  

6/24/2024

 

4,752

 

4,702

DS Parent, Inc. (e)

 

L+

5.75

%  

6.50

%  

12/8/2028

 

3,000

 

2,970

 

 

7,752

7,672

Chemicals, Plastics & Rubber

 

  

 

  

 

  

 

  

 

  

Polymer Solutions Group

 

L+

7.00

%  

8.00

%  

1/3/2023

 

1,178

 

1,169

 

 

1,178

1,169

Construction & Building

 

  

 

  

 

  

 

  

 

  

The Cook & Boardman Group LLC

 

L+

5.75

%  

6.75

%  

10/20/2025

 

2,910

 

2,838

 

 

2,910

2,838

Consumer Goods: Durable

 

  

 

  

 

  

 

  

 

  

International Textile Group, Inc.

 

L+

5.00

%  

5.13

%  

5/1/2024

 

1,711

 

1,590

Runner Buyer INC. (e)

 

L+

5.50

%  

6.25

%  

10/23/2028

 

3,000

 

2,970

 

 

4,711

4,560

Consumer Goods: Non-Durable

 

  

 

  

 

  

 

  

 

  

PH Beauty Holdings III, INC.

 

L+

5.00

%  

5.18

%  

9/26/2025

 

2,418

 

2,284

 

 

2,418

2,284

Containers, Packaging & Glass

 

  

 

  

 

  

 

  

 

  

Liqui-Box Holdings, Inc.

 

L+

4.50

%  

5.50

%  

2/26/2027

 

4,268

 

3,991

Polychem Acquisition, LLC

 

L+

5.00

%  

5.50

%  

3/17/2025

 

2,918

 

2,917

5.75

% Cash/

Port Townsend Holdings Company, Inc. and Crown Corrugated Company

 

L+

6.75

%  

2.00

% PIK

4/3/2024

 

4,751

 

4,238

PVHC Holding Corp

 

L+

4.75

%  

5.75

%  

8/5/2024

 

3,217

 

2,976

 

 

15,154

14,122

Energy: Oil & Gas

 

  

 

  

 

  

 

  

 

  

Drilling Info Holdings, Inc.

 

L+

4.25

%  

4.35

%  

7/30/2025

 

4,516

 

4,471

Offen, Inc.

 

L+

5.00

%  

5.10

%  

6/22/2026

 

2,388

 

2,387

Offen, Inc.

 

L+

5.00

%  

5.10

%  

6/22/2026

 

876

 

876

 

 

7,780

7,734

FIRE: Finance

 

  

 

  

 

  

 

  

 

  

Harbour Benefit Holdings, Inc.

 

L+

5.25

%  

6.25

%  

12/13/2024

 

2,948

 

2,932

Harbour Benefit Holdings, Inc.

 

L+

5.25

%  

6.25

%  

12/13/2024

 

66

 

65

Minotaur Acquisition, Inc. (e)

 

L+

4.75

%  

4.85

%  

3/27/2026

 

4,912

 

4,894

 

 

7,926

7,891

FIRE: Real Estate

 

  

 

  

 

  

 

  

 

  

Avison Young (USA) Inc. (c)

 

L+

5.75

%  

5.97

%  

1/30/2026

 

4,850

 

4,824

 

 

4,850

4,824

Healthcare & Pharmaceuticals

 

  

 

  

 

  

 

  

 

  

Cano Health, LLC (e)

SF+

4.00

%  

4.51

%  

11/23/2027

1,995

1,997

LSCS Holdings, Inc. (e)

 

L+

4.50

%  

5.00

%  

12/15/2028

 

1,846

 

1,849

Radiology Partners, Inc.

 

L+

4.25

%  

4.35

%  

7/9/2025

 

4,760

 

4,700

TEAM Public Choices, LLC (e)

 

L+

5.00

%  

6.00

%  

12/17/2027

 

2,992

 

2,985

 

 

11,593

11,531

47

Table of Contents

MRCC SENIOR LOAN FUND I, LLC

CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)

December 31, 2021

    

Spread
Above 

    

    

    

    

Portfolio Company (a)

    

Index (b)

    

Interest Rate (b)

    

Maturity

    

Principal

    

Fair Value

High Tech Industries

  

  

  

  

Corel Inc. (c)

 

L+

5.00

%  

5.18

%  

7/2/2026

 

3,800

$

3,797

Lightbox Intermediate, L.P.

 

L+

5.00

%  

5.13

%  

5/11/2026

 

4,875

 

4,814

LW Buyer, LLC

 

L+

5.00

%  

5.14

%  

12/30/2024

 

4,875

 

4,863

TGG TS Acquisition Company

 

L+

6.50

%  

6.60

%  

12/12/2025

 

3,435

 

3,446

 

 

16,985

16,920

Hotels, Gaming & Leisure

 

  

 

  

 

  

 

  

 

  

Excel Fitness Holdings, Inc.

 

L+

5.25

%  

6.25

%  

10/7/2025

 

4,165

 

4,155

North Haven Spartan US Holdco, LLC

 

L+

5.00

%  

6.00

%  

6/6/2025

 

2,297

 

2,037

Tait LLC

 

L+

5.00

%  

5.14

%  

3/28/2025

 

4,125

 

3,785

Tait LLC (Revolver)

 

P+

4.00

%  

7.25

%  

3/28/2025

 

769

 

728

 

 

11,356

10,705

Media: Advertising, Printing & Publishing

 

  

 

  

 

  

 

  

 

  

Cadent, LLC

 

L+

5.00

%  

6.00

%  

9/11/2023

 

4,339

 

4,296

Cadent, LLC (Revolver) (d)

 

L+

5.00

%  

6.00

%  

9/11/2023

 

167

 

 

 

4,506

4,296

Media: Diversified & Production

 

  

 

  

 

  

 

  

 

  

Research Now Group, Inc. and Survey Sampling International, LLC

 

L+

5.50

%  

6.50

%  

12/20/2024

 

6,720

 

6,645

STATS Intermediate Holdings, LLC

 

L+

5.25

%  

5.41

%  

7/10/2026

 

4,900

 

4,897

The Octave Music Group, Inc.

 

L+

6.00

%  

7.00

%  

5/29/2025

 

3,866

 

3,871

 

 

15,486

15,413

Services: Business

 

  

 

  

 

  

 

  

 

  

AQ Carver Buyer, Inc.

 

L+

5.00

%  

6.00

%  

9/23/2025

 

4,888

 

4,900

CHA Holdings, Inc

 

L+

4.50

%  

5.50

%  

4/10/2025

 

1,980

 

1,901

CHA Holdings, Inc

 

L+

4.50

%  

5.50

%  

4/10/2025

 

418

 

401

Eliassen Group LLC

 

L+

4.25

%  

4.35

%  

11/5/2024

 

3,956

 

3,956

7.00

% Cash/

Engage2Excel, Inc.

 

L+

8.00

%  

2.00

% PIK

3/7/2023

 

4,326

 

4,329

7.00

% Cash/

Engage2Excel, Inc.

 

L+

8.00

%  

2.00

% PIK

3/7/2023

 

781

 

781

7.00

% Cash/

Engage2Excel, Inc. (Revolver) (d)

 

L+

8.00

%  

2.00

% PIK

3/7/2023

 

555

 

541

Orbit Purchaser LLC

 

L+

4.50

%  

5.50

%  

10/21/2024

 

2,431

 

2,425

Orbit Purchaser LLC

 

L+

4.50

%  

5.50

%  

10/21/2024

 

1,877

 

1,873

Orbit Purchaser LLC

 

L+

4.50

%  

5.50

%  

10/21/2024

 

549

 

548

Output Services Group, Inc.

 

L+

4.50

%  

5.50

%  

3/27/2024

 

4,815

 

4,145

Secretariat Advisors LLC (e)

 

L+

4.75

%  

5.50

%  

12/29/2028

 

1,710

 

1,693

Secretariat Advisors LLC (d) (e)

 

L+

4.75

%  

5.50

%  

12/29/2028

 

270

 

SIRVA Worldwide Inc.

 

L+

5.50

%  

5.60

%  

8/4/2025

 

1,850

 

1,683

Teneo Holdings LLC

 

L+

5.25

%  

6.25

%  

7/11/2025

 

4,888

 

4,908

The Kleinfelder Group, Inc.

 

L+

5.25

%  

6.25

%  

11/29/2024

 

2,387

 

2,387

 

 

37,681

36,471

Services: Consumer

 

  

 

  

 

  

 

  

 

  

360Holdco, Inc.

 

L+

4.75

%  

5.75

%  

8/2/2025

 

2,168

 

2,161

360Holdco, Inc. (Delayed Draw) (d)

 

L+

4.75

%  

5.75

%  

8/2/2025

 

827

 

Laseraway Intermediate Holdings II, LLC

 

L+

5.75

%  

6.50

%  

10/14/2027

 

2,222

 

2,214

 

 

5,217

4,375

Telecommunications

 

  

 

  

 

  

 

  

 

  

Intermedia Holdings, Inc.

 

L+

6.00

%  

7.00

%  

7/21/2025

 

1,778

 

1,770

Mavenir Systems, Inc.

 

L+

4.75

%  

5.25

%  

8/18/2028

 

1,667

 

1,669

Sandvine Corporation

 

L+

4.50

%  

4.60

%  

10/31/2025

 

2,000

 

1,999

 

 

5,445

5,438

Transportation: Cargo

 

  

 

  

 

  

 

  

 

  

Keystone Purchaser, LLC (e)

 

L+

6.25

%  

7.25

%  

5/7/2027

 

3,000

 

2,947

 

 

3,000

2,947

Utilities: Oil & Gas

 

  

 

  

 

  

 

  

 

  

NGS US Finco, LLC

 

L+

4.25

%  

5.25

%  

10/1/2025

 

1,695

 

1,644

NGS US Finco, LLC

 

L+

5.25

%  

6.25

%  

10/1/2025

 

248

 

244

 

 

1,943

1,888

Wholesale

 

  

 

  

 

  

 

  

 

  

BMC Acquisition, Inc.

 

L+

5.25

%  

6.25

%  

12/30/2024

 

4,486

 

4,469

HALO Buyer, Inc.

 

L+

4.50

%  

5.50

%  

6/30/2025

 

4,824

 

4,547

 

 

9,310

9,016

TOTAL INVESTMENTS

 

  

 

  

 

  

$

189,109

48

Table of Contents

MRCC SENIOR LOAN FUND I, LLC

CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)

December 31, 2021

(a)All investments are U.S. companies unless otherwise noted.
(b)The majority of investments bear interest at a rate that may be determined by reference to the London Interbank Offered Rate (“LIBOR” or “L”), Secured Overnight Financing Rate (“SOFR” or “SF”) or Prime (“P”) which reset daily, monthly, quarterly or semiannually. The Company has provided the spread over LIBOR, SOFR or Prime and the current contractual rate of interest in effect at December 31, 2021. Certain investments may be subject to an interest rate floor or cap.
(c)This is an international company.
(d)All or a portion of this commitment was unfunded as of December 31, 2021. As such, interest is earned only on the funded portion of this commitment. Principal reflects the commitment outstanding.
(e)Investment position or portion thereof unsettled at December 31, 2021.
(f)This position was on non-accrual status as of December 31, 2021, meaning that the Company has ceased accruing interest income on the position.

49

Table of Contents

Below is certain summarized financial information for SLF as of September 30, 2022 and December 31, 2021 and for the three and nine months ended September 30, 2022 and 2021:

    

September 30, 2022

    

December 31, 2021

(unaudited)

Assets

 

  

 

  

Investments, at fair value

$

192,121

$

189,109

Cash

 

1,289

 

40

Restricted cash

 

6,828

 

4,862

Interest receivable

 

1,327

 

600

Other assets

 

43

 

12

Total assets

$

201,608

$

194,623

Liabilities

 

 

  

Revolving credit facility

$

129,265

$

94,765

Less: Unamortized deferred financing costs

 

(1,720)

 

(2,319)

Total debt, less unamortized deferred financing costs

 

127,545

 

92,446

Payable for open trades

 

 

19,367

Interest payable

 

586

 

242

Accounts payable and accrued expenses

 

388

 

318

Total liabilities

 

128,519

 

112,373

Members’ capital

 

73,089

 

82,250

Total liabilities and members’ capital

$

201,608

$

194,623

Three months ended September 30,

Nine months ended September 30,

    

2022

    

2021

    

2022

    

2021

(unaudited)

(unaudited)

Investment income:

 

  

 

  

 

  

 

  

Interest income

$

4,075

$

3,250

$

10,593

$

9,913

Total investment income

 

4,075

 

3,250

 

10,593

 

9,913

Expenses:

 

 

 

 

Interest and other debt financing expenses

 

1,669

 

972

 

3,866

 

2,975

Professional fees

 

203

 

158

 

580

 

490

Total expenses

 

1,872

 

1,130

 

4,446

 

3,465

Net investment income (loss)

 

2,203

 

2,120

 

6,147

 

6,448

Net gain (loss):

 

 

 

 

Net change in unrealized gain (loss)

 

(2,416)

 

(177)

 

(10,909)

 

4,247

Net gain (loss)

 

(2,416)

 

(177)

 

(10,909)

 

4,247

Net increase (decrease) in members’ capital

$

(213)

$

1,943

$

(4,762)

$

10,695

Note 4. Fair Value Measurements

Investments

The Company values all investments in accordance with ASC Topic 820. ASC Topic 820 requires enhanced disclosures about assets and liabilities that are measured and reported at fair value. As defined in ASC Topic 820, fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Where available, fair value is based on observable market prices or parameters, or derived from such prices or parameters. Where observable prices or inputs are not available, valuation models are applied. These valuation models involve some level of management estimation and judgment, the degree of which is dependent on the price transparency for the assets or liabilities or market and the assets’ or liabilities’ complexity.

50

Table of Contents

ASC Topic 820 establishes a hierarchal disclosure framework which prioritizes and ranks the level of market price observability of inputs used in measuring investments at fair value. Market price observability is affected by a number of factors, including the type of investment and the characteristics specific to the investment. Investments with readily available active quoted prices or for which fair value can be measured from actively quoted prices generally will have a higher degree of market price observability and a lesser degree of judgment used in measuring fair value.

Based on the observability of the inputs used in the valuation techniques, the Company is required to provide disclosures on fair value measurements according to the fair value hierarchy. The fair value hierarchy ranks the observability of the inputs used to determine fair values. Investments carried at fair value are classified and disclosed in one of the following three categories:

Level 1 Valuations based on unadjusted quoted prices in active markets for identical assets or liabilities at the measurement date.
Level 2 Valuations based on inputs other than quoted prices in active markets, including quoted prices for similar assets or liabilities, which are either directly or indirectly observable.
Level 3 Valuations based on inputs that are unobservable and significant to the overall fair value measurement. This includes situations where there is little, if any, market activity for the assets or liabilities. The inputs into the determination of fair value are based upon the best information available and may require significant management judgment or estimation.

In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an asset’s or liability’s categorization within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset or liability.

For periods prior to September 30, 2022, the Board determined the fair value of the Company’s investments. Pursuant to the new SEC Rule 2a-5 of the 1940 Act, on September 30, 2022 the Board designated MC Advisors as the Company’s valuation designee (the “Valuation Designee”). The Board is responsible for oversight of the Valuation Designee. The Valuation Designee has established a valuation committee to determine in good faith the fair value of the Company’s investments, based on input of the Valuation Designee’s management and personnel and independent valuation firms which are engaged at the direction of the valuation committee to assist in the valuation of certain portfolio investments lacking a readily available market quotation. The valuation committee determines fair values pursuant to a valuation policy approved by the Board and pursuant to a consistently applied valuation process.

With respect to investments for which market quotations are not readily available, the Valuation Designee undertakes a multi-step valuation process each quarter, as described below:

the quarterly valuation process begins with each portfolio company or investment being initially evaluated and rated by the investment professionals of Valuation Designee responsible for the credit monitoring of the portfolio investment;
the Valuation Designee engages an independent valuation firm to conduct independent appraisals of a selection of investments for which market quotations are not readily available. The Company will consult with an independent valuation firm relative to each portfolio company at least once in every calendar year, but the independent appraisals are generally received quarterly for each investment;
to the extent an independent valuation firm is not engaged to conduct an investment appraisal on an investment for which market quotations are not readily available, the investment will be valued by the Valuation Designee;
preliminary valuation conclusions are then documented and discussed with the valuation committee of the Valuation Designee;
the valuation conclusions are approved by the valuation committee of the Valuation Designee; and

51

Table of Contents

a report prepared by the Valuation Designee is presented to the Board quarterly to allow the Board to perform its oversight duties of the valuation process and the Valuation Designee.

The accompanying consolidated schedules of investments held by the Company consist primarily of private debt instruments (“Level 3 debt”). The Company generally uses the income approach to determine fair value for Level 3 debt where market quotations are not readily available, as long as it is appropriate. If there is deterioration in credit quality or a debt investment is in workout status, the Company may consider other factors in determining the fair value, including the value attributable to the debt investment from the enterprise value of the portfolio company or the proceeds that would be received in a liquidation analysis. This liquidation analysis may include probability weighting of alternative outcomes. The Company generally considers its Level 3 debt to be performing if the borrower is not in default, the borrower is remitting payments in a timely manner; the loan is in covenant compliance or is otherwise not deemed to be impaired. In determining the fair value of the performing Level 3 debt, the Company considers fluctuations in current interest rates, the trends in yields of debt instruments with similar credit ratings, financial condition of the borrower, economic conditions and other relevant factors, both qualitative and quantitative. In the event that a Level 3 debt instrument is not performing, as defined above, the Company will evaluate the value of the collateral utilizing the same framework described above for a performing loan to determine the value of the Level 3 debt instrument.

Under the income approach, discounted cash flow models are utilized to determine the present value of the future cash flow streams of its debt investments, based on future interest and principal payments as set forth in the associated loan agreements. In determining fair value under the income approach, the Company also considers the following factors: applicable market yields and leverage levels, credit quality, prepayment penalties, the nature and realizable value of any collateral, the portfolio company’s ability to make payments, and changes in the interest rate environment and the credit markets that generally may affect the price at which similar investments may be made.

Under the market approach, the enterprise value methodology is typically utilized to determine the fair value of an investment. There is no one methodology to estimate enterprise value and, in fact, for any one portfolio company, enterprise value is generally best expressed as a range of values, from which the Company derives a single estimate of enterprise value. In estimating the enterprise value of a portfolio company, the Company analyzes various factors consistent with industry practice, including but not limited to original transaction multiples, the portfolio company’s historical and projected financial results, applicable market trading and transaction comparables, applicable market yields and leverage levels, the nature and realizable value of any collateral, the markets in which the portfolio company does business, and comparisons of financial ratios of peer companies that are public. Typically, the enterprise values of private companies are based on multiples of earnings before interest, income taxes, depreciation and amortization (“EBITDA”), cash flows, net income, revenues, or in limited cases, book value.

In addition, for certain debt investments, the Company may base its valuation on indicative bid and ask prices provided by an independent third-party pricing service. Bid prices reflect the highest price that the Company and others may be willing to pay. Ask prices represent the lowest price that the Company and others may be willing to accept. The Company generally uses the midpoint of the bid/ask range as its best estimate of fair value of such investment.

As of September 30, 2022, the Valuation Designee determined, in good faith, the fair value of the Company’s portfolio investments in accordance with GAAP and the Company’s valuation procedures based on the facts and circumstances known by the Company at that time, or reasonably expected to be known at that time.

Foreign Currency Forward Contracts

The valuation for the Company’s foreign currency forward contracts is based on the difference between the exchange rate associated with the forward contract and the exchange rate at the current period end. Foreign currency forward contracts are categorized as Level 2 in the fair value hierarchy.

52

Table of Contents

Fair Value Disclosures

The following tables present fair value measurements of investments and foreign currency forward contracts, by major class according to the fair value hierarchy:

Fair Value Measurements

September 30, 2022

Level 1

Level 2

Level 3

Total

Investments:

    

  

    

  

    

  

    

  

Senior secured loans

$

$

$

402,229

$

402,229

Unitranche secured loans

 

 

 

21,043

 

21,043

Junior secured loans

 

 

 

21,426

 

21,426

Equity securities

 

381

 

 

26,395

 

26,776

Investments measured at NAV (1) (2)

 

 

 

 

36,544

Total investments

$

381

$

$

471,093

$

508,018

Foreign currency forward contracts asset (liability)

$

$

2,284

$

$

2,284

Fair Value Measurements

December 31, 2021

Level 1

Level 2

Level 3

Total

Investments:

    

  

    

  

    

  

    

  

Senior secured loans

$

$

$

423,700

$

423,700

Unitranche secured loans

 

 

 

51,494

 

51,494

Junior secured loans

 

 

 

14,364

 

14,364

Equity securities

 

1,041

 

 

29,969

 

31,010

Investments measured at NAV (1) (2)

 

 

 

 

41,125

Total investments

$

1,041

$

$

519,527

$

561,693

Foreign currency forward contracts asset (liability)

$

$

781

$

$

781

(1)Certain investments that are measured at fair value using the NAV have not been categorized in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented on the consolidated statements of assets and liabilities.
(2)Represents the Company’s investment in LLC equity interests in SLF. The fair value of this investment has been determined using the NAV of the Company’s ownership interest in SLF’s members’ capital.

Senior secured loans, unitranche secured loans and junior secured loans are collateralized by tangible and intangible assets of the borrowers. These investments include loans to entities that have some level of challenge in obtaining financing from other, more conventional institutions, such as a bank. Interest rates on these loans are either fixed or floating, and are based on current market conditions and credit ratings of the borrower. Excluding loans on non-accrual, the contractual interest rates on the loans ranged from 6.24% to 17.65% at September 30, 2022 and 6.00% to 16.00% at December 31, 2021. The maturity dates on the loans outstanding at September 30, 2022 range between November 2022 and October 2028.

53

Table of Contents

The following tables provide a reconciliation of the beginning and ending balances for investments at fair value that use Level 3 inputs for the three and nine months ended September 30, 2022:

Investments

Senior 

Unitranche 

Junior 

Equity 

Total Level 3 

secured loans

secured loans

secured loans

securities

investments

Balance as of June 30, 2022

    

$

415,244

    

$

34,114

    

$

19,745

    

$

28,837

    

$

497,940

Net realized gain (loss) on investments

 

(1,672)

 

 

(1)

 

6

 

(1,667)

Net change in unrealized gain (loss) on investments

 

(3,788)

 

10

 

1,314

 

(2,604)

 

(5,068)

Purchases of investments and other adjustments to cost (1)

 

52,370

 

15

 

368

 

162

 

52,915

Proceeds from principal payments and sales of investments (2)

 

(59,925)

 

(13,096)

 

 

(6)

 

(73,027)

Balance as of September 30, 2022

$

402,229

$

21,043

$

21,426

$

26,395

$

471,093

Investments

Senior

Unitranche 

Junior 

Equity 

Total Level 3 

 secured loans

secured loans

secured loans

securities

investments

Balance as of December 31, 2021

    

$

423,700

    

$

51,494

    

$

14,364

    

$

29,969

    

$

519,527

Net realized gain (loss) on investments

 

(1,693)

 

(94)

 

(1)

 

38

 

(1,750)

Net change in unrealized gain (loss) on investments

 

(8,838)

 

(5,146)

 

992

 

(4,114)

 

(17,106)

Purchases of investments and other adjustments to cost (1)

 

88,950

 

3,253

 

6,071

 

831

 

99,105

Proceeds from principal payments and sales of investments (2)

 

(99,890)

 

(28,464)

 

 

(329)

 

(128,683)

Balance as of September 30, 2022

$

402,229

$

21,043

$

21,426

$

26,395

$

471,093

(1)Includes purchases of new investments, effects of refinancing and restructurings, premium and discount accretion and amortization and PIK interest.
(2)Represents net proceeds from investments sold and principal paydowns received.

54

Table of Contents

The following tables provide a reconciliation of the beginning and ending balances for investments at fair value that use Level 3 inputs for the three and nine months ended September 30, 2021:

Investments

Senior 

Unitranche 

Junior

Equity 

Total Level 3 

secured loans

secured loans

secured loans

securities

investments

Balance as of June 30, 2021

    

$

404,322

    

$

45,500

    

$

8,125

    

$

30,657

    

$

488,604

Net realized gain (loss) on investments

 

(9,435)

 

 

 

 

(9,435)

Net change in unrealized gain (loss) on investments

 

11,209

 

(904)

 

(47)

 

(112)

 

10,146

Purchases of investments and other adjustments to cost (1)

 

73,696

 

20

 

8,479

 

3,212

 

85,407

Proceeds from principal payments and sales of investments (2)

 

(54,737)

 

(196)

 

(7,376)

 

 

(62,309)

Balance as of September 30, 2021

$

425,055

$

44,420

$

9,181

$

33,757

$

512,413

Investments

Senior

Unitranche

Junior

Equity 

Total Level 3 

secured loans

secured loans

secured loans

securities

Investments

Balance as of December 31, 2020

    

$

405,224

    

$

64,040

    

$

14,592

    

$

23,899

    

$

507,755

Net realized gain (loss) on investments

 

(9,610)

 

 

 

892

 

(8,718)

Net change in unrealized gain (loss) on investments

 

14,820

 

(4,975)

 

40

 

8,048

 

17,933

Purchases of investments and other adjustments to cost (1)

 

174,934

 

1,475

 

8,647

 

3,948

 

189,004

Proceeds from principal payments and sales of investments (2)

 

(160,313)

 

(16,120)

 

(14,098)

 

(3,030)

 

(193,561)

Balance as of September 30, 2021

$

425,055

$

44,420

$

9,181

$

33,757

$

512,413

(1)Includes purchases of new investments, effects of refinancing and restructurings, premium and discount accretion and amortization and PIK interest.
(2)Represents net proceeds from investments sold and principal paydowns received.

The total net change in unrealized gain (loss) on investments included on the consolidated statements of operations for the three and nine months ended September 30, 2022, attributable to Level 3 investments still held at September 30, 2022, was ($6,132) and ($16,041), respectively. The total net change in unrealized gain (loss) on investments included on the consolidated statements of operations for the three and nine months ended September 30, 2021, attributable to Level 3 investments still held at September 30, 2021, was $973 and $8,791, respectively. Reclassifications impacting Level 3 of the fair value hierarchy are reported as transfers in or out of Level 3 as of the beginning of the period in which the reclassifications occur. There were no transfers among Levels 1, 2 and 3 during the three and nine months ended September 30, 2022 and 2021.

Significant Unobservable Inputs

ASC Topic 820 requires disclosure of quantitative information about the significant unobservable inputs used in the valuation of assets and liabilities classified as Level 3 within the fair value hierarchy. Disclosure of this information is not required in circumstances where a valuation (unadjusted) is obtained from a third-party pricing service and the information regarding the unobservable inputs is not reasonably available to the Company and as such, the disclosures provided below exclude those investments valued in that manner. The tables below are not intended to be all-inclusive, but rather to provide information on significant unobservable inputs and valuation techniques used by the Company.

55

Table of Contents

The valuation techniques and significant unobservable inputs used in recurring Level 3 fair value measurements of assets as of September 30, 2022 were as follows:

  Weighted

    

 

Unobservable

Average

Range

 

    

Fair Value

    

Valuation Technique

    

Input

    

Mean

    

Minimum

    

Maximum

 

Assets:

 

Senior secured loans

$

261,758

 

Discounted cash flow

 

EBITDA multiples

 

8.9

x

4.0

x

20.5

x

 

 

Market yields

12.6

%  

8.0

%  

21.5

%

Senior secured loans

 

111,354

 

Discounted cash flow

 

Revenue multiples

 

4.6

x

0.2

x

12.3

x

 

 

Market yields

11.9

%  

9.5

%  

19.1

%

Senior secured loans

 

19,676

 

Enterprise value

 

Book value multiples

 

1.2

x

1.2

x

1.2

x

Senior secured loans

 

6,241

 

Enterprise value

 

Revenue multiples

 

2.8

x

2.8

x

2.8

x

Senior secured loans

 

2,073

 

Liquidation

 

Probability weighting of alternative outcomes

 

78.4

%  

32.5

%  

100.0

%

Unitranche secured loans

 

17,473

 

Discounted cash flow

 

EBITDA multiples

 

10.0

x

8.8

x

11.3

x

 

 

 

Market yields

 

11.1

%  

10.8

%  

12.3

%

Unitranche secured loans

 

3,570

 

Discounted cash flow

Revenue multiples

8.9

x

5.7

x

12.5

x

 

 

 

Market yields

 

11.9

%  

11.7

%  

12.0

%

Junior secured loans

 

19,495

 

Discounted cash flow

 

Market yields

 

17.2

%

11.6

%

27.5

%

Junior secured loans

 

1,931

 

Liquidation

 

Probability weighting of alternative outcomes

 

231.7

%  

231.7

%  

231.7

%

Equity securities

 

13,713

 

Enterprise value

 

EBITDA multiples

 

8.5

x

4.0

x

15.8

x

Equity securities

 

7,728

 

Enterprise value

 

Revenue multiples

 

2.7

x

0.2

x

12.3

x

Equity securities

 

2,483

 

Option pricing model

 

Volatility

 

65.3

%  

48.0

%  

70.0

%

Equity securities

 

411

 

Discounted cash flow

 

EBITDA multiples

 

7.0

x

7.0

x

7.0

x

Total Level 3 Assets

$

467,906

(1)

 

 

 

 

(1)Excludes loans of $3,187 at fair value where valuation (unadjusted) is obtained from a third-party pricing service for which such disclosure is not required.

56

Table of Contents

The valuation techniques and significant unobservable inputs used in recurring Level 3 fair value measurements of assets as of December 31, 2021 were as follows:

    

    

    

    

Weighted

    

 

Fair

Unobservable

Average

Range

 

 Value

Valuation Technique

Input

Mean

Minimum

Maximum

 

Assets:

 

  

 

  

 

  

 

  

 

  

 

  

Senior secured loans

$

305,252

 

Discounted cash flow

 

EBITDA multiples

 

7.7

x

5.0

x

20.0

x

 

  

 

  

 

Market yields

 

9.6

%  

5.3

%  

20.0

%

Senior secured loans

 

79,913

 

Discounted cash flow

 

Revenue multiples

 

6.5

x

0.5

x

13.0

x

 

 

Market yields

8.4

%  

5.2

%  

13.1

%

Senior secured loans

 

23,484

 

Enterprise value

 

Book value multiples

 

1.5

x

1.5

x

1.5

x

Senior secured loans

 

5,771

 

Enterprise value

 

Revenue multiples

 

2.8

x

2.8

x

2.8

x

Senior secured loans

 

5,111

 

Enterprise value

 

EBITDA multiples

 

6.5

x

6.5

x

6.5

x

Senior secured loans

 

3,026

 

Liquidation

 

Probability weighting of alternative outcomes

 

88.2

%  

48.2

%  

100.0

%

Unitranche secured loans

 

45,072

 

Discounted cash flow

 

EBITDA multiples

 

8.4

x

5.5

x

11.0

x

 

Market yields

 

8.5

%  

7.3

%  

13.3

%

Unitranche secured loans

 

4,950

 

Enterprise value

 

Revenue multiples

 

0.6

x

0.6

x

0.6

x

Unitranche secured loans

 

1,472

 

Discounted cash flow

 

Revenue multiples

 

14.0

x

14.0

x

14.0

x

 

Market yields

8.3

%  

8.3

%  

8.3

%

Junior secured loans

 

12,266

 

Discounted cash flow

 

Market yields

 

15.8

%  

8.0

%  

25.1

%

Junior secured loans

 

1,522

 

Discounted cash flow

 

Revenue multiples

 

15.0

x

15.0

x

15.0

x

 

Market yields

 

2.0

%  

2.0

%  

2.0

%

Junior secured loans

 

576

 

Liquidation

 

Probability weighting of alternative outcomes

 

69.1

%  

69.1

%  

69.1

%

Equity securities

 

15,688

 

Enterprise value

 

EBITDA multiples

 

5.6

x

4.5

x

15.1

x

Equity securities

 

6,448

 

Enterprise value

 

Revenue multiples

 

4.8

x

0.6

x

12.3

x

Equity securities

 

2,281

 

Liquidation

 

Probability weighting of alternative outcomes

 

24.4

%  

24.4

%  

24.4

%

Equity securities

 

714

 

Discounted cash flow

 

EBITDA multiples

 

13.3

x

13.3

x

13.3

x

 

 

Market yields

12.3

%  

12.3

%  

12.3

%

Equity securities

 

455

 

Option pricing model

 

Volatility

 

42.5

%  

42.5

%  

42.5

%

Equity securities

 

264

 

Enterprise value

 

Tangible book value multiples

 

1.5

x

1.5

x

1.5

x

Total Level 3 Assets

$

514,265

(1)

 

  

 

  

 

  

 

  

(1)Excludes loans of $5,262 at fair value where valuation (unadjusted) is obtained from a third-party pricing service for which such disclosure is not required.

The significant unobservable input used in the income approach of fair value measurement of the Company’s investments is the discount rate used to discount the estimated future cash flows expected to be received from the underlying investment, which include both future principal and interest payments. Increases (decreases) in the discount rate would result in a decrease (increase) in the fair value estimate of the investment. Included in the consideration and selection of discount rates are the following factors: risk of default, rating of the investment and comparable investments, and call provisions.

57

Table of Contents

The significant unobservable inputs used in the market approach of fair value measurement of the Company’s investments are the market multiples of EBITDA or revenue of the comparable guideline public companies. The Company selects a population of public companies for each investment with similar operations and attributes of the portfolio company. Using these guideline public companies’ data, a range of multiples of enterprise value to EBITDA or revenue is calculated. The Company selects percentages from the range of multiples for purposes of determining the portfolio company’s estimated enterprise value based on said multiple and generally the latest twelve months EBITDA or revenue of the portfolio company (or other meaningful measure). Increases (decreases) in the multiple will result in an increase (decrease) in enterprise value, resulting in an increase (decrease) in the fair value estimate of the investment.

Other Financial Assets and Liabilities

ASC Topic 820 requires disclosure of the fair value of financial instruments for which it is practical to estimate such value. The Company believes that the carrying amounts of its other financial instruments such as cash, receivables and payables approximate the fair value of such items due to the short maturity of such instruments. Fair value of the Company’s revolving credit facility is estimated by discounting remaining payments using applicable market rates or market quotes for similar instruments at the measurement date, if applicable. As of both September 30, 2022 and December 31, 2021, the Company believes that the carrying value of its revolving credit facility approximates fair value. The senior unsecured notes (“2026 Notes”) are carried at cost and with their longer maturity dates, fair value is estimated by discounting remaining payments using current market rates for similar instruments and considering such factors as the legal maturity date and the ability of market participants to prepay the notes. As of September 30, 2022, the estimated fair value of the Company’s 2026 Notes was $116,739. As of December 31, 2021, the Company believed that the carrying value of the 2026 Notes approximated fair value. SBA debentures were carried at cost and with their longer maturity dates, fair value was estimated by discounting remaining payments using current market rates for similar instruments and considering such factors as the legal maturity date and the ability of market participants to prepay the SBA debentures. As of December 31, 2021, the Company believed that the carrying value of the SBA debentures approximated fair value.

58

Table of Contents

Note 5. Transactions with Affiliated Companies

An affiliated company is a company in which the Company has an ownership interest of 5% or more of its voting securities. A controlled affiliate company is a company in which the Company has an ownership interest of more than 25% of its voting securities. Please see the Company’s consolidated schedule of investments for the type of investment, principal amount, interest rate including the spread, and the maturity date. Transactions related to the Company’s investments with affiliates for the nine months ended September 30, 2022 and 2021 were as follows:

    

Sales and

PIK

Net

Fair value at

Transfers

Purchases

paydowns

interest

Discount

Net realized

unrealized

Fair value at

Portfolio Company

December 31, 2021

    

in (out)

    

(cost)

    

(cost)

    

(cost)

    

accretion

    

gain (loss)

    

gain (loss)

    

September 30, 2022

Non-controlled affiliate company investment:

American Community Homes, Inc.

$

10,457

$

$

$

$

466

$

$

$

(1,889)

$

9,034

American Community Homes, Inc.

 

4,753

 

384

(888)

4,249

American Community Homes, Inc.

 

634

 

28

(114)

548

American Community Homes, Inc.

 

3,164

 

104

(1,254)

2,014

American Community Homes, Inc.

 

4,357

 

192

(821)

3,728

American Community Homes, Inc.

 

20

 

1

(3)

18

American Community Homes, Inc.

 

99

 

4

(18)

85

American Community Homes, Inc. (Revolver)

American Community Homes, Inc. (warrant to purchase up to 22.3% of the equity)

 

264

 

(264)

 

23,748

 

1,179

(5,251)

19,676

Ascent Midco, LLC

 

6,392

 

(130)

19

(121)

6,160

Ascent Midco, LLC (Revolver)

 

 

Ascent Midco, LLC (2,032,258 Class A units)

 

2,554

 

(1,136)

1,418

 

8,946

 

(130)

19

(1,257)

7,578

Curion Holdings, LLC (1)

 

4,561

 

(4,497)

82

146

Curion Holdings, LLC (Revolver) (1)

 

550

 

92

(620)

(22)

Curion Holdings, LLC (Junior secured loan) (1)

 

 

(1)

1

Curion Holdings, LLC (Junior secured loan) (1)

 

 

Curion Holdings, LLC (58,779 shares of common stock) (1)

 

 

 

5,111

 

92

(5,117)

(1)

61

146

Familia Dental Group Holdings, LLC (1,158 Class A units)

 

1,919

 

183

406

2,508

 

1,919

 

183

406

2,508

HFZ Capital Group, LLC

 

15,084

 

804

15,888

HFZ Capital Group, LLC

 

5,420

 

288

5,708

MC Asset Management (Corporate), LLC

 

7,154

 

903

8,057

MC Asset Management (Corporate), LLC (Delayed Draw)

 

850

 

107

957

MC Asset Management (Corporate), LLC (15.9% interests)

 

644

 

107

751

 

29,152

 

1,010

1,199

31,361

Mnine Holdings, Inc.

 

5,771

 

230

12

(12)

6,001

Mnine Holdings, Inc. (Revolver)

240

240

Mnine Holdings, Inc. (6,400 Class B units)

 

 

 

5,771

 

240

230

12

(12)

6,241

NECB Collections, LLC (Revolver)

 

632

 

(206)

426

NECB Collections, LLC (20.8% of units)

 

 

 

632

 

(206)

426

Second Avenue SFR Holdings II LLC (Revolver) (2)

 

2,104

 

2,681

(18)

4,767

 

2,104

 

2,681

(18)

4,767

SFR Holdco, LLC (Junior secured loan)

 

5,850

 

5,850

SFR Holdco, LLC (24.4% of interests)

 

3,900

 

3,900

 

9,750

 

9,750

TJ Management HoldCo LLC (Revolver)

 

 

80

80

TJ Management HoldCo LLC (16 shares of common stock)

 

3,148

 

(407)

2,741

 

3,148

 

80

(407)

2,821

Total non-controlled affiliate company investments

$

90,281

$

$

3,276

$

(5,247)

$

2,419

$

31

$

(1)

$

(5,485)

$

85,274

Controlled affiliate company investments:

MRCC Senior Loan Fund I, LLC

$

41,125

$

$

500

$

$

$

$

$

(5,081)

$

36,544

 

41,125

 

 

500

 

 

 

 

 

(5,081)

36,544

Total Controlled affiliate company investments

$

41,125

$

$

500

$

$

$

$

$

(5,081)

$

36,544

(1)

During the three months ended September 30, 2022, Curion Holdings, LLC (“Curion”) sold the underlying operating company and repaid the Company’s debt investment. The remaining fair value at September 30, 2022 represents the remaining expected escrow proceeds associated with the sale. The Company continues to hold an equity investment in Curion that is valued at zero at September 30, 2022.

(2)

Second Avenue SFR Holdings II LLC is a related entity to SFR Holdco, LLC and is being presented as a non-controlled affiliate for that reason.

59

Table of Contents

    

Fair value at 

    

    

    

Sales and 

    

PIK 

    

    

Net

    

Net 

    

Fair value at

December 31,

Transfers

Purchases

paydowns

interest

Discount

 realized

unrealized

September

Portfolio Company

 2020

 in (out)

 (cost)

 (cost)

 (cost)

 accretion

 gain (loss)

 gain (loss)

 30, 2021

Non-controlled affiliate company investment:

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

American Community Homes, Inc.

$

9,401

$

$

$

(90)

$

848

$

$

$

$

10,159

American Community Homes, Inc.

 

6,239

 

 

 

(2,229)

 

556

 

 

 

 

4,566

American Community Homes, Inc.

 

825

 

 

 

(838)

 

13

 

 

 

 

-

American Community Homes, Inc.

 

570

 

 

 

(5)

 

51

 

 

 

 

616

American Community Homes, Inc.

 

335

 

 

 

(341)

 

6

 

 

 

 

-

American Community Homes, Inc.

 

2,915

 

 

 

(20)

 

189

 

 

 

14

 

3,098

American Community Homes, Inc.

 

3,879

 

 

 

(37)

 

350

 

 

 

42

 

4,234

American Community Homes, Inc.

 

18

 

 

 

 

2

 

 

 

 

20

American Community Homes, Inc.

 

89

 

 

 

(1)

 

8

 

 

 

 

96

American Community Homes, Inc. (Revolver)

 

 

 

 

 

 

 

 

 

-

American Community Homes, Inc. (warrant to purchase up to 22.3% of the equity)

 

 

 

 

 

 

 

 

350

 

350

 

24,271

 

 

 

(3,561)

 

2,023

 

 

 

406

 

23,139

Ascent Midco, LLC

 

6,997

 

 

 

(513)

 

 

19

 

 

(30)

 

6,473

Ascent Midco, LLC (Delayed Draw)

 

 

 

 

 

 

 

 

 

-

Ascent Midco, LLC (Revolver)

 

 

 

 

 

 

 

 

 

-

Ascent Midco, LLC (2,032,258 Class A units)

 

3,016

 

 

 

 

 

 

 

95

 

3,111

 

10,013

 

 

 

(513)

 

 

19

 

 

65

 

9,584

Curion Holdings, LLC

 

3,159

 

 

 

 

 

 

 

731

 

3,890

Curion Holdings, LLC (Revolver)

 

820

 

 

 

 

 

 

 

10

 

830

Curion Holdings, LLC (Junior secured loan)

 

 

 

 

 

 

 

 

 

Curion Holdings, LLC (Junior secured loan)

 

 

 

 

 

 

 

 

 

Curion Holdings, LLC (58,779 shares of common stock)

 

 

 

 

 

 

 

 

 

 

3,979

 

 

 

 

 

 

 

741

 

4,720

Familia Dental Group Holdings, LLC (1,052 Class A units)

 

3,118

 

 

 

 

 

 

 

(677)

 

2,441

 

3,118

 

 

 

 

 

 

 

(677)

 

2,441

HFZ Capital Group, LLC

 

13,106

 

 

 

 

 

 

 

1,708

 

14,814

HFZ Capital Group, LLC

 

4,709

 

 

 

 

 

 

 

613

 

5,322

MC Asset Management (Corporate), LLC

 

 

 

6,423

 

 

450

 

 

 

 

6,873

MC Asset Management (Corporate), LLC (Delayed Draw)

 

 

 

793

 

 

23

 

 

 

 

816

MC Asset Management (Corporate), LLC (15.9% interests)

 

785

 

 

 

 

-

 

 

 

(65)

 

720

MC Asset Management (Industrial), LLC

 

11,579

 

 

 

(11,365)

 

1,170

 

1

 

 

(884)

 

501

 

30,179

 

 

7,216

 

(11,365)

 

1,643

 

1

 

 

1,372

 

29,046

Incipio, LLC (1)

 

1,764

 

 

 

 

-

 

 

 

(1,764)

 

Incipio, LLC (1)

 

4,227

 

(1,562)

 

 

 

48

 

 

 

(2,713)

 

Incipio, LLC (1)

 

1,805

 

(1,732)

 

 

 

15

 

 

 

(88)

 

Incipio, LLC (1)

 

761

 

(730)

 

 

 

6

 

 

 

(37)

 

Incipio, LLC (1)

 

1,519

 

(1,458)

 

 

 

13

 

 

 

(74)

 

Incipio, LLC (1)

 

1,488

 

(1,527)

 

108

 

 

9

 

 

 

(78)

 

Incipio, LLC (Junior secured loan) (1)

 

 

 

 

 

 

 

 

 

Incipio, LLC (Junior secured loan) (1)

 

 

 

 

 

 

 

 

 

Incipio, LLC (1,774 shares of Series C common units) (1)

 

 

 

 

 

 

 

 

 

 

11,564

 

(7,009)

 

108

 

 

91

 

 

 

(4,754)

 

Luxury Optical Holdings Co.

 

1,430

 

 

 

 

134

 

 

 

38

 

1,602

Luxury Optical Holdings Co. (Delayed Draw)

 

624

 

 

1,729

 

(93)

 

 

 

 

93

 

2,353

Luxury Optical Holdings Co. (Revolver)

 

66

 

 

 

 

6

 

 

 

2

 

74

Luxury Optical Holdings Co. (91 preferred units)

 

2,476

 

 

 

 

694

 

 

 

434

 

3,604

Luxury Optical Holdings Co. (86 shares of common stock)

 

 

 

 

 

 

 

 

-

 

-

 

4,596

 

 

1,729

 

(93)

 

834

 

 

 

567

 

7,633

Mnine Holdings, Inc.

 

12,356

 

 

 

(191)

 

449

 

27

 

 

(46)

 

12,595

Mnine Holdings, Inc. (6,400 Class B units)

 

 

 

 

 

 

 

 

 

-

 

12,356

 

 

 

(191)

 

449

 

27

 

 

(46)

 

12,595

NECB Collections, LLC (Revolver)

 

834

 

 

 

 

 

 

 

(147)

 

687

NECB Collections, LLC (20.8% of units)

 

 

 

 

 

 

 

 

 

-

 

834

 

 

 

 

 

 

 

(147)

 

687

SHI Holdings, Inc.

 

188

 

 

 

 

 

 

 

(57)

 

131

SHI Holdings, Inc. (Revolver)

 

297

 

 

 

 

 

 

 

(89)

 

208

SHI Holdings, Inc. (24 shares of common stock)

 

 

 

 

 

 

 

 

 

-

 

485

 

 

 

 

 

 

 

(146)

 

339

Second Avenue SFR Holdings II LLC (Revolver)

642

642

Second Avenue SFR Holdings II LLC (Delayed Draw)

1,101

1,101

Second Avenue SFR Holdings II LLC (24.4 % of interests)

734

734

2,477

2,477

Summit Container Corporation

 

3,204

 

 

 

(3,019)

 

 

 

(250)

 

65

 

Summit Container Corporation (Revolver)

 

1,654

 

 

5,402

 

(7,059)

 

 

 

 

3

 

Summit Container Corporation (warrant to purchase up to 19.5% of the equity)

 

139

 

 

 

 

 

 

 

(139)

 

 

4,997

 

 

5,402

 

(10,078)

 

 

 

(250)

 

(71)

 

TJ Management HoldCo, LLC (Revolver)

 

 

 

 

 

 

 

 

 

TJ Management HoldCo, LLC (16 shares of common stock)

 

3,323

 

 

 

(755)

 

 

 

 

517

 

3,085

 

3,323

 

 

 

(755)

 

 

 

 

517

 

3,085

Total non-controlled affiliate company investments

$

109,715

$

(7,009)

$

16,932

$

(26,556)

$

5,040

$

47

$

(250)

$

(2,173)

$

95,746

Controlled affiliate company investments:

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

MRCC Senior Loan Fund I, LLC

$

39,284

$

$

$

$

$

$

$

2,047

$

41,331

 

39,284

 

 

 

 

 

 

 

2,047

 

41,331

Total controlled affiliate company investments

$

39,284

$

$

$

$

$

$

$

2,047

$

41,331

60

Table of Contents

(1)

During the three months ended September 30, 2021, Incipio, LLC (“Incipio”) underwent a restructuring whereby substantially all of the assets of Incipio were acquired by a new entity, Vinci Brands LLC (“Vinci”). The senior lenders at Incipio, including the Company, were part of the new financing at Vinci. The Company’s investments in Vinci are not categorized as affiliate company investments as the Company does not have an equity interest in Vinci. For the purpose of this schedule, transfers out represents the fair value at June 30, 2021.

61

Table of Contents

    

For the nine months ended September 30,

2022

2021

Interest 

Dividend 

Interest

Dividend

Portfolio Company

Income

    

Income

    

Fee Income

    

 Income

    

 Income

    

Fee Income

Non-controlled affiliate company investments:

 

  

 

  

 

  

 

  

 

  

 

  

American Community Homes, Inc.

$

878

$

$

$

846

$

$

American Community Homes, Inc.

 

575

 

 

 

553

 

 

American Community Homes, Inc.

 

n/a

 

n/a

 

n/a

 

13

 

 

American Community Homes, Inc.

 

53

 

 

 

51

 

 

American Community Homes, Inc.

 

n/a

 

n/a

 

n/a

 

5

 

 

American Community Homes, Inc.

 

196

 

 

 

188

 

 

American Community Homes, Inc.

 

362

 

 

 

349

 

 

American Community Homes, Inc.

 

2

 

 

 

27

 

 

American Community Homes, Inc.

 

8

 

 

 

9

 

 

American Community Homes, Inc. (Revolver)

 

19

 

 

 

 

 

American Community Homes, Inc. (Warrant)

 

 

 

 

 

 

 

2,093

 

 

 

2,041

 

 

Ascent Midco, LLC

 

359

 

 

 

359

 

 

Ascent Midco, LLC (Delayed Draw)

 

n/a

 

n/a

 

n/a

 

9

 

 

Ascent Midco, LLC (Revolver)

 

3

 

 

 

3

 

 

Ascent Midco, LLC (Class A units)

 

 

141

 

 

 

130

 

 

362

 

141

 

 

371

 

130

 

Curion Holdings, LLC

 

1,766

 

 

 

 

 

Curion Holdings, LLC (Revolver)

 

294

 

 

 

 

 

Curion Holdings, LLC (Junior secured loan)

 

 

 

 

 

 

Curion Holdings, LLC (Junior secured loan)

 

 

 

 

 

 

Curion Holdings, LLC (Common stock)

 

 

 

 

 

 

 

2,060

 

 

 

 

 

Familia Dental Group Holdings, LLC (Class A units)

 

 

 

 

 

 

 

 

 

 

 

 

HFZ Capital Group, LLC

 

1,430

 

 

 

1,406

 

 

HFZ Capital Group, LLC

 

514

 

 

 

505

 

 

MC Asset Management (Corporate), LLC

 

940

 

 

 

731

 

 

MC Asset Management (Corporate), LLC (Delayed Draw)

 

111

 

 

 

56

 

 

MC Asset Management (Corporate), LLC (LLC interest)

 

 

 

 

 

 

MC Asset Management (Industrial), LLC

 

n/a

 

n/a

 

n/a

 

2,113

 

 

 

2,995

 

 

 

4,811

 

 

Incipio, LLC

 

n/a

 

n/a

 

n/a

 

 

 

Incipio, LLC

 

n/a

 

n/a

 

n/a

 

 

 

Incipio, LLC

 

n/a

 

n/a

 

n/a

 

 

 

Incipio, LLC

 

n/a

 

n/a

 

n/a

 

 

 

Incipio, LLC

 

n/a

 

n/a

 

n/a

 

 

 

Incipio, LLC (Delayed Draw)

 

n/a

 

n/a

 

n/a

 

 

 

Incipio, LLC (Junior secured loan)

 

n/a

 

n/a

 

n/a

 

 

 

Incipio, LLC (Junior secured loan)

 

n/a

 

n/a

 

n/a

 

 

 

Incipio, LLC (Common units)

 

n/a

 

n/a

 

n/a

 

 

 

 

n/a

 

n/a

 

n/a

 

 

 

Luxury Optical Holdings Co.

 

n/a

 

n/a

 

n/a

 

135

 

 

Luxury Optical Holdings Co. (Delayed Draw)

 

n/a

 

n/a

 

n/a

 

74

 

 

Luxury Optical Holdings Co. (Revolver)

 

n/a

 

n/a

 

n/a

 

6

 

 

Luxury Optical Holdings Co. (Preferred units)

 

n/a

 

n/a

 

n/a

 

694

 

654

 

Luxury Optical Holdings Co. (Common stock)

 

n/a

 

n/a

 

n/a

 

 

 

 

n/a

 

n/a

 

n/a

 

909

 

654

 

Mnine Holdings, Inc.

 

567

 

 

 

1,019

 

 

Mnine Holdings, Inc. (Revolver)

2

n/a

n/a

n/a

Mnine Holdings, Inc. (Class B units)

 

 

 

 

 

 

 

569

 

 

 

1,019

 

 

NECB Collections, LLC (Revolver)

 

 

 

 

 

 

NECB Collections, LLC (LLC units)

 

 

 

 

 

 

 

 

 

 

 

 

Second Avenue SFR Holdings II LLC (Delayed Draw)

 

n/a

 

n/a

 

n/a

 

8

 

 

Second Avenue SFR Holdings II LLC (Revolver)

 

182

 

 

 

5

 

 

182

13

SFR Holdco, LLC (Junior secured loan)

 

351

 

 

 

 

 

SFR Holdco, LLC (LLC interest)

 

 

 

 

 

 

 

351

 

 

 

 

 

SHI Holdings, Inc.

 

n/a

 

n/a

 

n/a

 

 

 

SHI Holdings, Inc. (Revolver)

 

n/a

 

n/a

 

n/a

 

 

 

SHI Holdings, Inc. (Common stock)

 

n/a

 

n/a

 

n/a

 

 

 

 

n/a

 

n/a

 

n/a

 

 

 

Summit Container Corporation

 

n/a

 

n/a

 

n/a

 

57

 

 

Summit Container Corporation (Revolver)

 

n/a

 

n/a

 

n/a

 

35

 

 

Summit Container Corporation (Warrant)

 

n/a

 

n/a

 

n/a

 

 

 

 

n/a

 

n/a

 

n/a

 

92

 

 

TJ Management HoldCo, LLC (Revolver)

 

9

 

 

 

9

 

 

TJ Management HoldCo, LLC (Common stock)

 

 

 

 

 

 

 

9

 

 

 

9

 

 

Total non-controlled affiliate company investments

$

8,621

$

141

$

$

9,265

$

784

$

Controlled affiliate company investments:

 

  

 

  

 

  

 

  

 

  

 

  

MRCC Senior Loan Fund I, LLC

$

$

2,700

$

$

$

3,300

$

 

 

2,700

 

 

 

3,300

 

Total controlled affiliate company investments

$

$

2,700

$

$

$

3,300

$

62

Table of Contents

Note 6. Transactions with Related Parties

The Company has entered into an investment advisory agreement with MC Advisors (the “Investment Advisory Agreement”), under which MC Advisors, subject to the overall supervision of the Board, provides investment advisory services to the Company. The Company pays MC Advisors a fee for its services under the Investment Advisory Agreement consisting of two components - a base management fee and an incentive fee. The cost of both the base management fee and the incentive fee are borne by the Company’s stockholders, unless such fees are waived by MC Advisors.

The base management fee is calculated initially at an annual rate equal to 1.75% of average invested assets (calculated as total assets excluding cash, which includes assets financed using leverage); provided, however, the base management fee is calculated at an annual rate equal to 1.00% of the Company’s average invested assets (calculated as total assets excluding cash, which includes assets financed using leverage) that exceeds the product of (i) 200% and (ii) the Company’s average net assets. For the avoidance of doubt, the 200% is calculated in accordance with the asset coverage limitation as defined in the 1940 Act to give effect to the Company’s exemptive relief with respect to MRCC SBIC’s SBA debentures during the period they were outstanding. This has the effect of reducing the Company’s base management fee rate on assets in excess of regulatory leverage of 1:1 debt to equity to 1.00% per annum. The base management fee is payable quarterly in arrears.

Base management fees for the three and nine months ended September 30, 2022 were $2,222 and $6,834, respectively. Base management fees for the three and nine months ended September 30, 2021 were $2,399 and $7,060, respectively. MC Advisors elected to voluntarily waive zero and $55 of such base management fees for the three and nine months ended September 30, 2022, respectively. MC Advisors did not voluntarily waive any of such base management fees for the three and nine months ended September 30, 2021.

The incentive fee consists of two parts. The first part is calculated and payable quarterly in arrears and equals 20% of “pre-incentive fee net investment income” for the immediately preceding quarter, subject to a 2% (8% annualized) preferred return, or “hurdle,” and a “catch up” feature. The foregoing incentive fee is subject to a total return requirement, which provides that no incentive fee in respect of pre-incentive fee net investment income will be payable except to the extent that 20% of the cumulative net increase in net assets resulting from operations over the then current and 11 preceding calendar quarters exceeds the cumulative incentive fees accrued and/or paid for the 11 preceding calendar quarters (the “Incentive Fee Limitation”). Therefore, any ordinary income incentive fee that is payable in a calendar quarter will be limited to the lesser of (1) 20% of the amount by which pre-incentive fee net investment income for such calendar quarter exceeds the 2% hurdle, subject to the “catch-up” provision, and (2) (x) 20% of the cumulative net increase in net assets resulting from operations for the then current and 11 preceding calendar quarters minus (y) the cumulative incentive fees accrued and/or paid for the 11 preceding calendar quarters. For the foregoing purpose, the “cumulative net increase in net assets resulting from operations” is the sum of pre-incentive fee net investment income, realized gains and losses and unrealized gains and losses for the then current and 11 preceding calendar quarters. The second part of the incentive fee is determined and payable in arrears as of the end of each fiscal year in an amount equal to 20% of realized capital gains, if any, on a cumulative basis from inception through the end of the year, computed net of all realized capital losses on a cumulative basis and unrealized depreciation, less the aggregate amount of any previously paid capital gain incentive fees.

The composition of the Company’s incentive fees was as follows:

    

Three months ended September 30,

    

Nine months ended September 30,

2022

2021

2022

2021

Part one incentive fees (1)

$

1,565

$

1,578

$

2,747

$

2,828

Part two incentive fees (2)

 

 

 

 

Incentive Fee Limitation

 

 

 

 

Incentive fees, excluding the impact of the incentive fee waiver

 

1,565

 

1,578

 

2,747

 

2,828

Incentive fee waiver (3)

 

 

 

(525)

 

(1,057)

Total incentive fees, net of incentive fee waiver

$

1,565

$

1,578

$

2,222

$

1,771

(1)Based on pre-incentive fee net investment income.
(2)Based upon net realized and unrealized gains and losses, or capital gains. The Company accrues, but does not pay, a capital gains incentive fee in connection with any unrealized capital appreciation, as appropriate. If, on a cumulative basis, the sum of net realized gain (loss) plus net unrealized gain (loss) decreases during a period, the Company will reverse any excess capital gains incentive fee previously accrued such that the amount of capital gains incentive fee accrued is no more than 20% of the sum of net realized gain (loss) plus net unrealized gain (loss).

63

Table of Contents

(3)Represents part one incentive fees waived by MC Advisors.

The Company has entered into an administration agreement with MC Management (the “Administration Agreement”), under which the Company reimburses MC Management, subject to the review and approval of the Board, for its allocable portion of overhead and other expenses, including the costs of furnishing the Company with office facilities and equipment and providing clerical, bookkeeping, record-keeping and other administrative services at such facilities, and the Company’s allocable portion of the cost of the chief financial officer and chief compliance officer and their respective staffs. To the extent that MC Management outsources any of its functions, the Company will pay the fees associated with such functions on a direct basis, without incremental profit to MC Management. For the three and nine months ended September 30, 2022, the Company incurred $703 and $2,370, respectively, in administrative expenses (included within Professional fees, Administrative service fees and General and administrative expenses on the consolidated statements of operations) under the Administration Agreement, of which $275 and $908, respectively, was related to MC Management overhead and salary allocation and paid directly to MC Management. For the three and nine months ended September 30, 2021, the Company incurred $895 and $2,583, respectively, in administrative expenses (included within Professional fees, Administrative service fees and General and administrative expenses on the consolidated statements of operations) under the Administration Agreement, of which $327 and $1,020, respectively, was related to MC Management overhead and salary allocation and paid directly to MC Management. As of September 30, 2022 and December 31, 2021, $275 and $337, respectively, of expenses were due to MC Management under this agreement and are included in accounts payable and accrued expenses on the consolidated statements of assets and liabilities.

The Company has entered into a license agreement with Monroe Capital LLC under which Monroe Capital LLC has agreed to grant the Company a non-exclusive, royalty-free license to use the name “Monroe Capital” for specified purposes in its business. Under this agreement, the Company has the right to use the “Monroe Capital” name at no cost, subject to certain conditions, for so long as MC Advisors or one of its affiliates remains its investment adviser. Other than with respect to this limited license, the Company has no legal right to the “Monroe Capital” name or logo.

As of September 30, 2022 and December 31, 2021, the Company had accounts payable to members of the Board of $35 and zero, representing accrued and unpaid fees for their services.

Note 7. Borrowings

In accordance with the 1940 Act, the Company is permitted to borrow amounts such that its asset coverage ratio, as defined in the 1940 Act, is at least 150% after such borrowing. The Company has been granted exemptive relief from the SEC for permission to exclude the debt of MRCC SBIC guaranteed by the SBA prior to its dissolution from the asset coverage test under the 1940 Act. As of September 30, 2022 and December 31, 2021, the Company’s asset coverage ratio based on aggregate borrowings outstanding was 175% and 189%, respectively.

Revolving Credit Facility: The Company has a $255,000 revolving credit facility with ING Capital LLC, as agent. The revolving credit facility has an accordion feature which permits the Company, under certain circumstances to increase the size of the facility up to $400,000 (subject to maintaining 150% asset coverage, as defined by the 1940 Act). The revolving credit facility is secured by a lien on all of the Company’s assets, including cash on hand, but excluding the assets of the Company’s wholly-owned subsidiary, MRCC SBIC, prior to its dissolution. The Company may make draws under the revolving credit facility to make or purchase additional investments through March 1, 2023 and for general working capital purposes until March 1, 2024, the maturity date of the revolving credit facility.

64

Table of Contents

The Company’s ability to borrow under the revolving credit facility is subject to availability under the borrowing base, which permits the Company to borrow up to 72.5% of the fair market value of its portfolio company investments depending on the type of investment the Company holds and whether the investment is quoted. The Company’s ability to borrow is also subject to certain concentration limits, and continued compliance with the representations, warranties and covenants given by the Company under the facility. The revolving credit facility contains certain financial and restrictive covenants, including, but not limited to, the Company’s maintenance of: (1) minimum consolidated total net assets at least equal to $150,000 plus 65% of the net proceeds to the Company from sales of its equity securities after March 1, 2019; (2) a ratio of total assets (less total liabilities other than indebtedness) to total indebtedness of not less than 1.5 to 1; and (3) a senior debt coverage ratio of at least 2 to 1. The revolving credit facility also requires the Company to undertake customary indemnification obligations with respect to ING Capital LLC and other members of the lending group and to reimburse the lenders for expenses associated with entering into the credit facility. The revolving credit facility also has customary provisions regarding events of default, including events of default for nonpayment, change in control transactions at both Monroe Capital Corporation and MC Advisors, failure to comply with financial and negative covenants, and failure to maintain the Company’s relationship with MC Advisors. If the Company incurs an event of default under the revolving credit facility and fails to remedy such default under any applicable grace period, if any, then the entire revolving credit facility could become immediately due and payable, which would materially and adversely affect the Company’s liquidity, financial condition, results of operations and cash flows.

The Company’s revolving credit facility also imposes certain conditions that may limit the amount of the Company’s distributions to stockholders. Distributions payable in the Company’s common stock under the DRIP are not limited by the revolving credit facility. Distributions in cash or property other than common stock are generally limited to 115% of the amount of distributions required to maintain the Company’s status as a RIC.

As of September 30, 2022, the Company had U.S. dollar borrowings of $171,200. As of December 31, 2021, the Company had U.S. dollar borrowings of $146,400 and non-U.S. dollar borrowings denominated in Great Britain pounds of £3,433 ($4,645 in U.S. dollars) under the revolving credit facility. Any borrowings denominated in a foreign currency may be positively or negatively affected by movements in the rate of exchange between the U.S. dollar and the respective foreign currency. These movements are beyond the control of the Company and cannot be predicted. Borrowings denominated in a foreign currency are translated into U.S. dollars based on the spot rate at each balance sheet date. The impact resulting from changes in foreign currency borrowings is included in net change in unrealized gain (loss) on foreign currency and other transactions on the Company’s consolidated statements of operations and totaled zero and $157 for the three and nine months ended September 30, 2022, and $939 and $680 for the three and nine months ended September 30, 2021, respectively. During the nine months ended September 30, 2022, the Company repaid borrowings denominated in Great Britain pounds of £3,433. As a result of this repayment, the Company recognized a realized gain (loss) on foreign currency and other transactions on the Company’s consolidated statements of operations of ($11) for the nine months ended September 30, 2022. During both the three and nine months ended September 30, 2021, the Company repaid borrowings denominated in Great Britain pounds of £12,667. As a result of this repayment, the Company recognized a realized gain (loss) on foreign currency and other transactions on the Company’s consolidated statements of operations of ($866) for both the three and nine months ended September 30, 2021.

Borrowings under the revolving credit facility bear interest, at the Company’s election, at an annual rate of LIBOR (one-month, three-month or six-month at the Company’s discretion based on the term of the borrowing) plus 2.625% or at a daily rate equal to 1.625% per annum plus the greater of the prime interest rate, the federal funds rate plus 0.5% or LIBOR plus 1.0%, with a LIBOR floor of 0.5%. In addition to the stated interest rate on borrowings under the revolving credit facility, the Company is required to pay a commitment fee and certain conditional fees based on usage of the expanded borrowing base and usage of the asset coverage ratio flexibility. A commitment fee of 0.5% per annum on any unused portion of the revolving credit facility if the unused portion of the facility is less than 35% of the then available maximum borrowing or a commitment fee of 1.0% per annum on any unused portion of the revolving credit facility if the unused portion of the facility is greater than or equal to 35% of the then available maximum borrowing. As of September 30, 2022 and December 31, 2021, the outstanding borrowings were accruing at a weighted average interest rate of 5.7% and 3.1%, respectively.

2026 Notes: As of both September 30, 2022 and December 31, 2021, the Company had $130,000 in aggregate principal amount of senior unsecured notes outstanding that mature on February 15, 2026. The 2026 Notes bear interest at an annual rate of 4.75% payable semi-annually on February 15 and August 15. The Company may redeem the 2026 Notes in whole or in part at any time or from time to time at the Company’s option at par plus a “make-whole” premium, if applicable. The 2026 Notes are general, unsecured obligations and rank equal in right of payment with all of the Company’s existing and future unsecured indebtedness.

65

Table of Contents

SBA Debentures: On March 1, 2022, MRCC SBIC fully repaid its outstanding debentures utilizing a borrowing on the revolving credit facility and the restricted cash at MRCC SBIC. This repayment was accounted for as a debt extinguishment in accordance with ASC Subtopic 470-50, Debt – Modifications and Extinguishments (“ASC 470-50”), which resulted in a realized loss of $1,039 (primarily comprised of the unamortized deferred financing costs at the time of the repayment) recorded in net gain (loss) on extinguishment of debt on the Company’s consolidated statements of operations. MRCC SBIC received approval from the SBA to surrender its SBIC license and on March 31, 2022, MRCC SBIC was dissolved.

As of September 30, 2022 and December 31, 2021, MRCC SBIC had zero and $57,624, respectively, in leverageable capital and the following SBA debentures outstanding:

Maturity Date

    

Interest Rate

    

September 30, 2022

    

December 31, 2021

September 2024

 

3.4

%  

$

$

2,920

March 2025

 

3.3

%  

 

 

14,800

March 2025

 

2.9

%  

 

 

7,080

September 2027

 

3.2

%  

 

 

32,100

Total

$

$

56,900

Components of interest expense: The components of the Company’s interest expense and other debt financing expenses, average outstanding balances and average stated interest rates (i.e. the rate in effect plus spread) were as follows:

    

Three months ended  

 

September 30,

2022

2021

 

Interest expense - revolving credit facility

$

2,186

$

1,209

Interest expense - 2023 Notes

 

 

Interest expense - 2026 Notes

 

1,555

 

1,544

Interest expense - SBA debentures

 

 

632

Amortization of deferred financing costs

 

522

 

539

Total interest and other debt financing expenses

$

4,263

$

3,924

Average debt outstanding

$

292,879

$

329,542

Average stated interest rate

 

5.0

%  

 

4.0

%

Nine months ended September 30,

 

    

2022

    

2021

 

Interest expense - revolving credit facility

$

5,391

$

3,265

Interest expense - 2023 Notes

 

 

837

Interest expense - 2026 Notes

 

4,665

 

4,220

Interest expense - SBA debentures

 

292

 

2,220

Amortization of deferred financing costs

 

1,613

 

1,677

Total interest and other debt financing expenses

$

11,961

$

12,219

Average debt outstanding

$

315,166

$

332,028

Average stated interest rate

 

4.3

%  

 

4.2

%

Note 8. Derivative Instruments

The Company enters into foreign currency forward contracts from time to time to help mitigate the impact that an adverse change in foreign exchange rates would have on future interest cash flows from the Company’s investments denominated in foreign currencies. As of September 30, 2022 and December 31, 2021, the counterparty to these foreign currency forward contracts was Bannockburn Global Forex, LLC. Net unrealized gain or loss on foreign currency forward contracts are included in net change in unrealized gain (loss) on foreign currency forward contracts and net realized gain or loss on forward currency forward contracts are included in net realized gain (loss) on foreign currency forward contracts on the accompanying consolidated statements of operations.

66

Table of Contents

Certain information related to the Company’s foreign currency forward contracts is presented below as of September 30, 2022 and December 31, 2021.

As of September 30, 2022

Gross

Gross

Amount of

Amount of

 

    

Notional Amount

    

Settlement

    

Unrealized

    

Unrealized

 

Description

to be Sold

Date

Gain

Loss

    

Balance Sheet location of Net Amounts

Foreign currency forward contract

AUD

152

10/19/2022

$

20

$

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

AUD

136

11/16/2022

 

18

 

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

AUD

142

12/16/2022

 

19

 

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

AUD

153

1/18/2023

 

20

 

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

AUD

140

2/16/2023

 

18

 

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

AUD

132

3/16/2023

 

18

 

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

AUD

160

4/20/2023

 

21

 

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

AUD

121

5/16/2023

 

16

 

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

AUD

156

6/19/2023

 

21

 

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

AUD

138

7/18/2023

 

18

 

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

AUD

146

8/16/2023

 

19

 

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

AUD

146

9/18/2023

 

19

 

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

AUD

148

10/18/2023

 

19

 

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

AUD

140

11/16/2023

 

18

 

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

AUD

142

12/18/2023

 

18

 

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

AUD

150

1/17/2024

 

19

 

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

AUD

143

2/16/2024

 

18

 

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

AUD

15,410

3/18/2024

 

1,965

 

Unrealized gain on foreign currency forward contracts

$

2,284

$

    

As of December 31, 2021

Gross 

Gross 

Notional

 Amount of

 Amount of

 Amount to be

Settlement

 Unrealized

Unrealized

Description

  Sold

    

 Date

    

 Gain

    

 Loss

    

Balance Sheet location of Net Amounts

Foreign currency forward contract

£

    

82

1/3/2022

$

$

(10)

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

£

79

4/4/2022

(10)

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

£

29

5/6/2022

(3)

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

 

AUD

 

156

 

1/19/2022

 

8

 

 

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

 

AUD

 

136

 

2/16/2022

 

7

 

 

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

 

AUD

 

132

 

3/16/2022

 

6

 

 

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

 

AUD

 

146

 

4/19/2022

 

7

 

 

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

 

AUD

 

138

 

5/17/2022

 

7

 

 

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

 

AUD

 

153

 

6/17/2022

 

7

 

 

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

 

AUD

 

138

 

7/18/2022

 

7

 

 

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

 

AUD

 

140

 

8/16/2022

 

7

 

 

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

 

AUD

 

153

 

9/16/2022

 

7

 

 

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

 

AUD

 

152

 

10/19/2022

 

7

 

 

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

 

AUD

 

136

 

11/16/2022

 

6

 

 

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

 

AUD

 

142

 

12/16/2022

 

7

 

 

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

 

AUD

 

153

 

1/18/2023

 

7

 

 

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

 

AUD

 

140

 

2/16/2023

 

6

 

 

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

 

AUD

 

132

 

3/16/2023

 

6

 

 

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

 

AUD

 

160

 

4/20/2023

 

7

 

 

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

 

AUD

 

121

 

5/16/2023

 

5

 

 

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

 

AUD

 

156

 

6/19/2023

 

7

 

 

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

 

AUD

 

138

 

7/18/2023

 

6

 

 

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

 

AUD

 

146

 

8/16/2023

 

6

 

 

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

 

AUD

 

146

 

9/18/2023

 

6

 

 

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

 

AUD

 

148

 

10/18/2023

 

6

 

 

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

 

AUD

 

140

 

11/16/2023

 

6

 

 

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

 

AUD

 

142

 

12/18/2023

 

6

 

 

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

 

AUD

 

150

 

1/17/2024

 

6

 

 

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

 

AUD

 

143

 

2/16/2024

 

6

 

 

Unrealized gain on foreign currency forward contracts

Foreign currency forward contract

 

AUD

 

15,410

 

3/18/2024

 

635

 

 

Unrealized gain on foreign currency forward contracts

$

804

$

(23)

67

Table of Contents

For the three and nine months ended September 30, 2022, the Company recognized net change in unrealized gain (loss) on foreign currency forward contracts of $863 and $1,503, respectively. For the three and nine months ended September 30, 2022, the Company recognized net realized gain (loss) on foreign currency forward contracts of $38 and $69, respectively.

For the three and nine months ended September 30, 2021, the Company recognized net change in unrealized gain (loss) on foreign currency forward contracts of $530 and $976, respectively. For the three and nine months ended September 30, 2021, the Company recognized net realized gain (loss) on foreign currency forward contracts of $20 and ($55), respectively.

Note 9. Distributions

The Company’s distributions are recorded on the record date. The following table summarizes distributions declared during the nine months ended September 30, 2022 and 2021:

    

    

    

    

    

    

    

DRIP Shares 

    

Amount 

DRIP

DRIP

 Repurchased

Cost of 

Date

Record 

Payment 

Per 

Cash 

 Shares

 Shares

in the Open

DRIP Shares 

Declared

Date

Date

Share

Distribution

 Issued

 Value

 Market

Repurchased

Nine months ended September 30, 2022:

March 2, 2022

March 16, 2022

March 31, 2022

$

0.25

$

5,417

$

25,229

$

276

June 1, 2022

June 15, 2022

June 30, 2022

0.25

5,416

29,655

280

September 1, 2022

September 15, 2022

September 30, 2022

0.25

5,416

20,789

164

Total distributions declared

 

$

0.75

$

16,249

 

$

 

75,673

 

$

720

Nine months ended September 30, 2021:

March 2, 2021

March 16, 2021

March 31, 2021

$

0.25

$

5,326

 

$

 

35,611

$

364

June 2, 2021

June 16, 2021

June 30, 2021

0.25

5,386

31,277

343

September 2, 2021

September 16, 2021

September 30, 2021

 

0.25

 

5,386

 

 

 

35,623

 

369

Total distributions declared

$

0.75

$

16,098

 

$

 

102,511

$

1,076

Note 10. Stock Issuances and Repurchases

Stock Issuances: On May 12, 2017, the Company entered into at-the-market (“ATM”) equity distribution agreements with each of JMP Securities LLC (“JMP”) and FBR Capital Markets & Co. (“FBR”) (the “ATM Program”) through which the Company could sell, by means of ATM offerings, from time to time, up to $50,000 of the Company’s common stock. On May 8, 2020, the Company entered into an amendment to the ATM Program to extend its term. All other material terms of the ATM Program remain unchanged. There were no stock issuances through the ATM Program during the nine months ended September 30, 2022. During the nine months ended September 30, 2021, the Company sold 240,000 shares at an average price of $11.43 per share for gross proceeds of $2,743 under the ATM program. Aggregate underwriter’s discounts and commissions were $41 and offering costs were $12, resulting in net proceeds of approximately $2,690.

Note 11. Commitments and Contingencies

Commitments: As of September 30, 2022 and December 31, 2021, the Company had $65,468 and $55,483, respectively, in outstanding commitments to fund investments under undrawn revolvers, delayed draw commitments and subscription agreements, excluding unfunded commitments in SLF. As described in Note 3, the Company had unfunded commitments of $7,350 and $7,850, to SLF as of September 30, 2022 and December 31, 2021, respectively, that may be contributed primarily for the purpose of funding new investments approved by the SLF investment committee. Drawdowns of the commitments to SLF require authorization from one of the Company’s representatives on SLF’s board of managers. Management believes that the Company’s available cash balances and/or ability to draw on the revolving credit facility provide sufficient funds to cover its unfunded commitments as of September 30, 2022.

Indemnifications: In the normal course of business, the Company enters into contracts and agreements that contain a variety of representations and warranties that provide general indemnifications. The Company’s maximum exposure under these agreements is unknown, as these involve future claims that may be made against the Company but that have not occurred. The Company expects the risk of any future obligations under these indemnifications to be remote.

68

Table of Contents

Concentration of credit and counterparty risk: Credit risk arises primarily from the potential inability of counterparties to perform in accordance with the terms of the contract. In the event that the counterparties do not fulfill their obligations, the Company may be exposed to risk. The risk of default depends on the creditworthiness of the counterparties or issuers of the instruments. It is the Company’s policy to review, as necessary, the credit standing of each counterparty.

Market risk: The Company’s investments and borrowings are subject to market risk. Market risk is the potential for changes in the value due to market changes. Market risk is directly impacted by the volatility and liquidity in the markets in which the investments and borrowings are traded.

Legal proceedings: In the normal course of business, the Company may be subject to legal and regulatory proceedings that are generally incidental to its ongoing operations. While there can be no assurance of the ultimate disposition of any such proceedings, the Company is not currently aware of any such proceedings or disposition that would have a material adverse effect on the Company’s consolidated financial statements.

Note 12. Financial Highlights

The following is a schedule of financial highlights for the nine months ended September 30, 2022 and 2021:

    

September 30, 2022

    

September 30, 2021

 

Per share data:

 

  

 

  

Net asset value at beginning of period

$

11.51

$

11.00

Net investment income (1)

 

0.77

 

0.78

Net gain (loss) (1)

 

(1.10)

 

0.42

Net increase (decrease) in net assets resulting from operations (1)

 

(0.33)

 

1.20

Stockholder distributions - income (2)

 

(0.75)

 

(0.75)

Net asset value at end of period

$

10.43

$

11.45

Net assets at end of period

$

225,956

$

246,650

Shares outstanding at end of period

 

21,666,340

 

21,543,540

Per share market value at end of period

$

7.24

$

10.39

Total return based on market value (3)

 

(30.10)

%  

 

38.85

%

Total return based on average net asset value (4)

 

(3.05)

%  

 

10.65

%

Ratio/Supplemental data:

 

 

  

Ratio of net investment income to average net assets (5)

 

9.67

%  

 

9.58

%

Ratio of total expenses, net of base management fee and incentive fee waivers, to average net assets (5) (6)

 

13.58

%  

 

13.09

%

Portfolio turnover (7)

 

17.53

%  

 

33.79

%

(1)Calculated using the weighted average shares outstanding during the periods presented.
(2)Management monitors available taxable earnings, including net investment income and realized capital gains, to determine if a tax return of capital may occur for the year. To the extent the Company’s taxable earnings fall below the total amount of the Company’s distributions for that fiscal year, a portion of those distributions may be deemed a tax return of capital to the Company’s stockholders. The tax character of distributions will be determined at the end of the fiscal year. However, if the character of such distributions were determined as of September 30, 2022 and 2021, none of the distributions would have been characterized as a tax return of capital to the Company’s stockholders; this tax return of capital may differ from the return of capital calculated with reference to net investment income for financial reporting purposes.
(3)Total return based on market value is calculated assuming a purchase of common shares at the market value on the first day and a sale at the market value on the last day of the periods reported. Distributions, if any, are assumed for purposes of this calculation to be reinvested at prices obtained under the Company’s DRIP. Total return based on market value does not reflect brokerage commissions. Return calculations are not annualized.
(4)Total return based on average net asset value is calculated by dividing the net increase (decrease) in net assets resulting from operations by the average net asset value. Return calculations are not annualized.
(5)Ratios are annualized. Incentive fees included within the ratio are not annualized.
(6)The following is a schedule of supplemental ratios for the nine months ended September 30, 2022 and 2021. These ratios have been annualized unless otherwise noted.

69

Table of Contents

    

September 30, 2022

    

September 30, 2021

 

Ratio of total investment income to average net assets

 

23.25

%  

22.68

%

Ratio of interest and other debt financing expenses to average net assets

 

6.72

%  

6.79

%

Ratio of total expenses (without base management fee waivers and incentive fees) to average net assets

 

12.67

%  

12.35

%

Ratio of incentive fees, net of incentive fee waivers, to average net assets (7) (8)

 

0.93

%  

0.74

%

(7)Ratios are not annualized.
(8)The ratio of waived incentive fees to average net assets was 0.22% and 0.44% for the nine months ended September 30, 2022 and 2021, respectively.

70

Table of Contents

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Except as otherwise specified, references to “we,” “us” and “our” refer to Monroe Capital Corporation and its consolidated subsidiaries; MC Advisors refers to Monroe Capital BDC Advisors, LLC, our investment adviser and a Delaware limited liability company; MC Management refers to Monroe Capital Management Advisors, LLC, our administrator and a Delaware limited liability company; Monroe Capital refers to Monroe Capital LLC, a Delaware limited liability company, and its subsidiaries and affiliates; and SLF refers to MRCC Senior Loan Fund I, LLC, an unconsolidated Delaware limited liability company, in which we co-invest with Life Insurance Company of the Southwest (“LSW”) primarily in senior secured loans. The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our consolidated financial statements and related notes appearing in our annual report on Form 10-K (the “Annual Report”) for the year ended December 31, 2021, filed with the U.S. Securities and Exchange Commission (“SEC”) on March 3, 2022. The information contained in this section should also be read in conjunction with our unaudited consolidated financial statements and related notes and other financial information appearing elsewhere in this quarterly report on Form 10-Q (the “Quarterly Report”).

FORWARD-LOOKING STATEMENTS

This Quarterly Report, including Management’s Discussion and Analysis of Financial Condition and Results of Operations, contains statements that constitute forward-looking statements, which relate to future events or our future performance or future financial condition. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about our company, our industry, our beliefs and our assumptions. The forward-looking statements contained in this Quarterly Report involve risks and uncertainties, including statements as to:

our future operating results;
our business prospects and the prospects of our portfolio companies;
the dependence of our future success on the general economy and its impact on the industries in which we invest;
the impact of global health epidemics, such as the current novel coronavirus (“COVID-19”) pandemic, on our or our portfolio companies’ business and the global economy;
the impact of the Russian invasion of Ukraine on our portfolio companies and the global economy and general uncertainty surrounding the financial and political stability of the United States, the United Kingdom, the European Union and China;
the impact of a protracted decline in the liquidity of credit markets on our business;
the impact of changes in London Interbank Offered Rate (“LIBOR”) on our operating results;
the impact of increased competition;
the impact of rising interest and inflation rates and the risk of recession on our business prospects and the prospects of our portfolio companies;
our contractual arrangements and relationships with third parties;
the valuation of our investments in portfolio companies, particularly those having no liquid trading market;
actual and potential conflicts of interest with MC Advisors, MC Management and other affiliates of Monroe Capital;
the ability of our portfolio companies to achieve their objectives;
the use of borrowed money to finance a portion of our investments;

71

Table of Contents

the adequacy of our financing sources and working capital;
the timing of cash flows, if any, from the operations of our portfolio companies;
the ability of MC Advisors to locate suitable investments for us and to monitor and administer our investments;
the ability of MC Advisors or its affiliates to attract and retain highly talented professionals;
our ability to qualify and maintain our qualification as a regulated investment company and as a business development company; and
the impact of future legislation and regulation on our business and our portfolio companies.

We use words such as “anticipates,” “believes,” “expects,” “intends,” “seeks,” “plans,” “estimates,” “targets” and similar expressions to identify forward-looking statements. The forward-looking statements contained in this Quarterly Report involve risks and uncertainties. Our actual results could differ materially from those implied or expressed in the forward-looking statements for any reason, including the factors set forth in “Part I-Item 1A. Risk Factors” in our Annual Report and “Part II-Item 1A. Risk Factors” in this Quarterly Report.

Although we believe that the assumptions on which these forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate, and as a result, the forward-looking statements based on those assumptions also could be inaccurate. Important assumptions include our ability to originate new loans and investments, certain margins and levels of profitability and the availability of additional capital. In light of these and other uncertainties, the inclusion of a projection or forward-looking statements in this Quarterly Report should not be regarded as a representation by us that our plans and objectives will be achieved.

We have based the forward-looking statements included in this Quarterly Report on information available to us on the date of this Quarterly Report, and we assume no obligation to update any such forward-looking statements. Although we undertake no obligation to revise or update any forward-looking statements in this Quarterly Report, whether as a result of new information, future events or otherwise, you are advised to consult any additional disclosures that we may make directly to you or through reports that we may file in the future with the SEC, including Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

Overview

Monroe Capital Corporation is an externally managed, closed-end, non-diversified management investment company that has elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). In addition, for U.S. federal income tax purposes, we have elected to be treated as a regulated investment company (“RIC”) under the subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). We are a specialty finance company focused on providing financing solutions primarily to lower middle-market companies in the United States and Canada. We provide customized financing solutions focused primarily on senior secured, junior secured and unitranche secured (a combination of senior secured and junior secured debt in the same facility in which we syndicate a “first out” portion of the loan to an investor and retain a “last out” portion of the loan) debt and, to a lesser extent, unsecured subordinated debt and equity, including equity co-investments in preferred and common stock, and warrants.

Our shares are currently listed on the NASDAQ Global Select Market under the symbol “MRCC”.

Our investment objective is to maximize the total return to our stockholders in the form of current income and capital appreciation through investment in senior secured, unitranche secured and junior secured debt and, to a lesser extent, unsecured subordinated debt and equity investments. We seek to use our extensive leveraged finance origination infrastructure and broad expertise in sourcing loans to invest in primarily senior secured, unitranche secured and junior secured debt of middle-market companies. Our investments will generally range between $2.0 million and $25.0 million each, although this investment size may vary proportionately with the size of our capital base. As of September 30, 2022, our portfolio included approximately 79.2% senior secured loans, 4.1% unitranche secured loans, 4.2% junior secured loans and 12.5% equity securities, compared to December 31, 2021, when our portfolio included approximately 75.4% senior secured loans, 9.2% unitranche secured loans, 2.6% junior secured loans and 12.8% equity securities. We expect that the companies in which we invest may be leveraged, often as a result of leveraged

72

Table of Contents

buy-outs or other recapitalization transactions, and, in certain cases, will not be rated by national ratings agencies. If such companies were rated, we believe that they would typically receive a rating below investment grade (between BB and CCC under the Standard & Poor’s system) from the national rating agencies.

While our primary focus is to maximize current income and capital appreciation through debt investments in thinly traded or private U.S. companies, we may invest a portion of the portfolio in opportunistic investments in order to seek to enhance returns to stockholders. Such investments may include investments in real estate, specialty finance, litigation finance, fund finance, high-yield bonds, distressed debt, private equity or securities of public companies that are not thinly traded and securities of middle-market companies located outside of the United States. We expect that these public companies generally will have debt securities that are non-investment grade.

On February 28, 2014, our wholly-owned subsidiary, Monroe Capital Corporation SBIC, LP (“MRCC SBIC”), a Delaware limited partnership, received a license from the Small Business Administration (“SBA”) to operate as a Small Business Investment Company (“SBIC”) under Section 301(c) of the Small Business Investment Act of 1958. MRCC SBIC commenced operations on September 16, 2013. MRCC SBIC received approval from the SBA to surrender its SBIC license and on March 31, 2022, MRCC SBIC was dissolved. See “SBA Debentures” below for more information.

Investment income

We generate interest income on the debt investments in portfolio company investments that we originate or acquire. Our debt investments, whether in the form of senior secured, unitranche secured or junior secured debt, typically have an initial term of three to seven years and bear interest at a fixed or floating rate. In some instances, we receive payments on our debt investments based on scheduled amortization of the outstanding balances. In addition, we receive repayments of some of our debt investments prior to their scheduled maturity date. In some cases, our investments provide for deferred interest of payment-in-kind (“PIK”) interest. In addition, we may generate revenue in the form of commitment, origination, amendment, structuring or due diligence fees, fees for providing managerial assistance and consulting fees. Loan origination fees, original issue discount and market discount or premium are capitalized, and we accrete or amortize such amounts as interest income. We record prepayment premiums and prepayment gains (losses) on loans as interest income. As the frequency or volume of the repayments which trigger these prepayment premiums and prepayment gains (losses) may fluctuate significantly from period to period, the associated interest income recorded may also fluctuate significantly from period to period. Interest and fee income are recorded on the accrual basis to the extent we expect to collect such amounts. Interest income is accrued based upon the outstanding principal amount and contractual terms of debt and preferred equity investments. Interest is accrued on a daily basis. We record fees on loans based on the determination of whether the fee is considered a yield enhancement or payment for a service. If the fee is considered a yield enhancement associated with a funding of cash on a loan, the fee is generally deferred and recognized into interest income using the effective interest method if captured in the cost basis or using the straight-line method if the loan is unfunded and therefore there is no cost basis. If the fee is not considered a yield enhancement because a service was provided, and the fee is payment for that service, the fee is deemed earned and recognized as fee income in the period the service has been completed.

Dividend income on preferred equity securities is recorded as dividend income on an accrual basis to the extent that such amounts are payable by the portfolio company and are expected to be collected. Dividend income on common equity securities is recorded on the record date for private portfolio companies. Each distribution received from limited liability company (“LLC”) and limited partnership (“LP”) investments is evaluated to determine if the distribution should be recorded as dividend income or a return of capital. Generally, we will not record distributions from equity investments in LLCs and LPs as dividend income unless there are sufficient accumulated tax-basis earnings and profits in the LLC or LP prior to the distribution. Distributions that are classified as a return of capital are recorded as a reduction in the cost basis of the investment. The frequency and volume of the distributions on common equity securities and LLC and LP investments may fluctuate significantly from period to period.

Expenses

Our primary operating expenses include the payment of base management and incentive fees to MC Advisors, under the investment advisory and management agreement (the “Investment Advisory Agreement”), the payment of fees to MC Management for our allocable portion of overhead and other expenses under the administration agreement (the “Administration Agreement”) and other operating costs. See Note 6 to our consolidated financial statements and “Related Party Transactions” below for additional information on our Investment Advisory Agreement and Administration Agreement. Our expenses also include interest expense on our various forms of indebtedness. We bear all other out-of-pocket costs and expenses of our operations and transactions.

73

Table of Contents

Net gain (loss)

We recognize realized gains or losses on investments, foreign currency forward contracts and foreign currency and other transactions based on the difference between the net proceeds from the disposition and the cost basis without regard to unrealized gains or losses previously recognized within net realized gain (loss) on the consolidated statements of operations. We record current period changes in fair value of investments, foreign currency forward contracts, foreign currency and other transactions within net change in unrealized gain (loss) on the consolidated statements of operations.

Portfolio and Investment Activity

During the three months ended September 30, 2022, we invested $15.2 million in five new portfolio companies and $36.2 million in 25 existing portfolio companies and had $73.0 million in aggregate amount of sales and principal repayments, resulting in net sales and repayments of $21.6 million for the period.

During the nine months ended September 30, 2022, we invested $35.4 million in 12 new portfolio companies and $58.9 million in 40 existing portfolio companies and had $128.7 million in aggregate amount of sales and principal repayments, resulting in net sales and repayments of $34.4 million for the period.

During the three months ended September 30, 2021, we invested $54.7 million in 11 new portfolio companies and $27.5 million in 17 existing portfolio companies and had $62.3 million in aggregate amount of sales and principal repayments, resulting in resulting in net investments of $19.9 million for the period.

During the nine months ended September 30, 2021, we invested $118.6 million in 27 new portfolio companies and $63.2 million in 26 existing portfolio companies and had $193.6 million in aggregate amount of sales and principal repayments, resulting in net sales and repayments of $11.8 million for the period.

The following table shows portfolio yield by security type:

September 30, 2022

December 31, 2021

 

Weighted Average

Weighted

Weighted Average

Weighted

 

Annualized

Average

Annualized

Average

 

Contractual

Annualized

Contractual

Annualized

 

Coupon

Effective

Coupon

Effective

 

    

Yield (1)

    

Yield (2)

    

Yield (1)

    

Yield (2)

 

Senior secured loans

 

10.6

%  

10.6

%  

8.5

%  

8.5

%

Unitranche secured loans

 

4.2

 

4.7

 

5.1

 

5.4

Junior secured loans

 

10.8

 

10.8

 

10.1

 

10.1

Preferred equity securities

 

2.7

 

2.7

 

3.0

 

3.0

Total

 

9.9

%  

9.9

%  

7.9

%  

8.0

%

(1)The weighted average annualized contractual coupon yield at period end is computed by dividing (a) the interest income on our debt investments and preferred equity investments (with a stated coupon rate) at the period end contractual coupon rate for each investment by (b) the par value of our debt investments (excluding debt investments acquired for no cost in a restructuring on non-accrual status) and the cost basis of our preferred equity investments. We exclude loans acquired for no cost in a restructuring on non-accrual status within this metric as management believes this disclosure provides a better indication of return on invested capital. This exclusion impacts only the junior secured loans and total disclosed above. The weighted average contractual coupon yield including debt investments acquired for no cost in a restructuring on non-accrual status was 9.0% for junior secured loans and 7.9% in total as of December 31, 2021. As of September 30, 2022, there were no loans excluded from the weighted average contractual coupon yield.

74

Table of Contents

(2)The weighted average annualized effective yield on portfolio investments at period end is computed by dividing (a) interest income on our debt investments and preferred equity investments (with a stated coupon rate) at the period end effective rate for each investment by (b) the par value of our debt investments (excluding debt investments acquired for no cost in a restructuring on non-accrual status) and the cost basis of our preferred equity investments. We exclude loans acquired for no cost in a restructuring on non-accrual status within this metric as management believes this disclosure provides a better indication of return on invested capital. This exclusion impacts only the junior secured loans and total disclosed above. The weighted average effective yield including debt investments acquired for no cost in a restructuring on non-accrual status was 9.0% for junior secured loans and 7.9% in total as of December 31, 2021. As of September 30, 2022, there were no loans excluded from the weighted average effective yield. The weighted average annualized effective yield on portfolio investments is a metric on the investment portfolio alone and does not represent a return to stockholders. This metric is not inclusive of our fees and expenses, the impact of leverage on the portfolio or sales load that may be paid by stockholders.

The following table shows the composition of our investment portfolio (in thousands):

    

September 30, 2022

    

December 31, 2021

 

Fair Value:

  

  

  

  

 

Senior secured loans

$

402,229

 

79.2

%  

$

423,700

 

75.4

%

Unitranche secured loans

 

21,043

 

4.1

 

51,494

 

9.2

Junior secured loans

 

21,426

 

4.2

 

14,364

 

2.6

LLC equity interest in SLF

 

36,544

 

7.2

 

41,125

 

7.3

Equity securities

 

26,776

 

5.3

 

31,010

 

5.5

Total

$

508,018

 

100.0

%  

$

561,693

 

100.0

%

Our portfolio composition remained relatively consistent with December 31, 2021. Our effective yields increased from December 31, 2021, driven primarily by increases in LIBOR and SOFR rates. The majority of our loans surpassed their interest rate floors as of June 30, 2022 and all of our loans were above the interest rate floors at the end of the three months ended September 30, 2022.

75

Table of Contents

The following table shows our portfolio composition by industry (in thousands):

    

September 30, 2022

    

December 31, 2021

 

Fair Value:

Aerospace & Defense

$

7,837

 

1.6

%  

$

7,972

 

1.4

%

Automotive

 

13,262

 

2.6

 

21,556

 

3.8

Banking

 

19,083

 

3.8

 

6,712

 

1.2

Beverage, Food & Tobacco

 

12,872

 

2.5

 

19,133

 

3.4

Capital Equipment

 

18,871

 

3.7

 

12,839

 

2.3

Chemicals, Plastics & Rubber

 

4,387

 

0.9

 

10,163

 

1.8

Construction & Building

 

6,714

 

1.3

 

16,636

 

3.0

Consumer Goods: Durable

 

9,382

 

1.8

 

9,734

 

1.7

Consumer Goods: Non-Durable

 

3,502

 

0.7

 

8,460

 

1.5

Environmental Industries

 

6,769

 

1.3

 

17,693

 

3.2

FIRE: Finance

 

19,212

 

3.8

 

15,681

 

2.8

FIRE: Real Estate

 

80,480

 

15.9

 

76,698

 

13.6

Healthcare & Pharmaceuticals

 

47,732

 

9.4

 

53,179

 

9.5

High Tech Industries

 

52,211

 

10.3

 

54,085

 

9.6

Hotels, Gaming & Leisure

 

2,550

 

0.5

 

2,706

 

0.5

Investment Funds & Vehicles

 

36,544

 

7.2

 

41,125

 

7.3

Media: Advertising, Printing & Publishing

 

20,294

 

4.0

 

16,794

 

3.0

Media: Broadcasting & Subscription

 

2,642

 

0.5

 

2,477

 

0.5

Media: Diversified & Production

 

29,598

 

5.8

 

24,220

 

4.3

Retail

 

10,202

 

2.0

 

11,478

 

2.0

Services: Business

 

51,484

 

10.1

 

71,540

 

12.7

Services: Consumer

 

30,465

 

6.0

 

39,248

 

7.0

Telecommunications

 

7,497

 

1.5

 

5,988

 

1.1

Wholesale

 

14,428

 

2.8

 

15,576

 

2.8

Total

$

508,018

 

100.0

%  

$

561,693

 

100.0

%

Portfolio Asset Quality

MC Advisors’ portfolio management staff closely monitors all credits, with senior portfolio managers covering agented and more complex investments. MC Advisors segregates our capital markets investments by industry. The MC Advisors’ monitoring process and projections developed by Monroe Capital both have daily, weekly, monthly and quarterly components and related reports, each to evaluate performance against historical, budget and underwriting expectations. MC Advisors’ analysts will monitor performance using standard industry software tools to provide consistent disclosure of performance. When necessary, MC Advisors will update our internal risk ratings, borrowing base criteria and covenant compliance reports.

76

Table of Contents

As part of the monitoring process, MC Advisors regularly assesses the risk profile of each of our investments and rates each of them based on an internal proprietary system that uses the categories listed below, which we refer to as MC Advisors’ investment performance risk rating. For any investment rated in grades 3, 4 or 5, MC Advisors, through its internal Portfolio Management Group (“PMG”), will increase its monitoring intensity and prepare regular updates for the investment committee, summarizing current operating results and material impending events and suggesting recommended actions. The PMG is responsible for oversight and management of any investments rated in grades 3, 4, or 5. MC Advisors monitors and, when appropriate, changes the investment ratings assigned to each investment in our portfolio. In connection with our valuation process, MC Advisors reviews these investment performance risk ratings on a quarterly basis. The investment performance rating system is described as follows:

  

Investment
Performance
Risk Rating

    

Summary Description

Grade 1

 

Includes investments exhibiting the least amount of risk in our portfolio. The issuer is performing above expectations or the issuer’s operating trends and risk factors are generally positive.

 

 

 

Grade 2

 

Includes investments exhibiting an acceptable level of risk that is similar to the risk at the time of origination. The issuer is generally performing as expected or the risk factors are neutral to positive.

 

 

 

Grade 3

 

Includes investments performing below expectations and indicates that the investment’s risk has increased somewhat since origination. The issuer may be out of compliance with debt covenants; however, scheduled loan payments are generally not past due.

 

 

 

Grade 4

 

Includes an issuer performing materially below expectations and indicates that the issuer’s risk has increased materially since origination. In addition to the issuer being generally out of compliance with debt covenants, scheduled loan payments may be past due (but generally not more than six months past due).

 

 

 

Grade 5

 

Indicates that the issuer is performing substantially below expectations and the investment risk has substantially increased since origination. Most or all of the debt covenants are out of compliance or payments are substantially delinquent. Investments graded 5 are not anticipated to be repaid in full.

Our investment performance risk ratings do not constitute any rating of investments by a nationally recognized statistical rating organization or reflect or represent any third-party assessment of any of our investments.

In the event of a delinquency or a decision to rate an investment grade 4 or grade 5, the PMG, in consultation with the investment committee, will develop an action plan. Such a plan may require a meeting with the borrower’s management or the lender group to discuss reasons for the default and the steps management is undertaking to address the under-performance, as well as amendments and waivers that may be required. In the event of a dramatic deterioration of a credit, MC Advisors and the PMG will form a team or engage outside advisors to analyze, evaluate and take further steps to preserve our value in the credit. In this regard, we would expect to explore all options, including in a private equity sponsored investment, assuming certain responsibilities for the private equity sponsor or a formal sale of the business with oversight of the sale process by us. The PMG and the investment committee have extensive experience in running debt work-out transactions and bankruptcies.

The following table shows the distribution of our investments on the 1 to 5 investment performance risk rating scale as of September 30, 2022 (in thousands):

Investments at

Percentage of

 

Investment Performance Risk Rating

    

Fair Value

    

Total Investments

 

1

$

1,220

 

0.2

%

2

 

442,948

 

87.2

3

 

54,524

 

10.7

4

 

8,900

 

1.8

5

 

426

 

0.1

Total

$

508,018

 

100.0

%

77

Table of Contents

The following table shows the distribution of our investments on the 1 to 5 investment performance risk rating scale as of December 31, 2021 (in thousands):

Investments at

Percentage of

 

Investment Performance Risk Rating

    

Fair Value

    

Total Investments

 

1

$

1,759

 

0.3

%

2

 

465,224

 

82.9

3

 

75,942

 

13.5

4

 

18,136

 

3.2

5

 

632

 

0.1

Total

$

561,693

 

100.0

%

As of September 30, 2022, we had four borrowers with loans or preferred equity securities on non-accrual status (BLST Operating Company, LLC (“BLST”), Education Corporation of America (“ECA”), NECB Collections, LLC (“NECB”) and Vinci Brands LLC), and these investments totaled $3.5 million of fair value, or 0.7% of our total investments at fair value at September 30, 2022. As of December 31, 2021, we had six borrowers with loans or preferred equity securities on non-accrual status (BLST, Curion Holdings, LLC (“Curion”), ECA, NECB, Toojay’s Management, LLC (“Toojay’s OldCo”) and Vinci Brands LLC (formerly Incipio, LLC)), and these investments totaled $14.7 million of fair value, or 2.6% of our total investments at fair value at December 31, 2021.

Results of Operations

Operating results were as follows (in thousands):

Three months ended 

September 30,

    

2022

    

2021

Total investment income

$

15,916

$

15,214

Total expenses, net of base management fee and incentive fee waivers

 

8,788

 

8,831

Net investment income before income taxes

 

7,128

 

6,383

Income taxes, including excise taxes

 

868

 

71

Net investment income

 

6,260

 

6,312

Net realized gain (loss) on investments

 

(1,667)

 

(9,435)

Net realized gain (loss) on extinguishment of debt

 

 

(336)

Net realized gain (loss) on foreign currency forward contracts

 

38

 

20

Net realized gain (loss) on foreign currency and other transactions

 

(1)

 

(880)

Net realized gain (loss)

 

(1,630)

 

(10,631)

Net change in unrealized gain (loss) on investments

 

(6,242)

 

10,092

Net change in unrealized gain (loss) on foreign currency forward contracts

 

863

 

530

Net change in unrealized gain (loss) on foreign currency and other transactions

 

 

936

Net change in unrealized gain (loss)

 

(5,379)

 

11,558

Net increase (decrease) in net assets resulting from operations

$

(749)

$

7,239

78

Table of Contents

Nine months ended

September 30,

    

2022

    

2021

Total investment income

$

41,402

$

40,791

Total expenses, net of base management fee and incentive fee waivers

 

23,441

 

23,742

Net investment income before income taxes

 

17,961

 

17,049

Income taxes, including excise taxes

 

1,289

 

254

Net investment income

 

16,672

 

16,795

Net realized gain (loss) on investments

 

(1,750)

 

(8,718)

Net realized gain (loss) on extinguishment of debt

 

(1,039)

 

(3,110)

Net realized gain (loss) on foreign currency forward contracts

 

69

 

(55)

Net realized gain (loss) on foreign currency and other transactions

 

(38)

 

(894)

Net realized gain (loss)

 

(2,758)

 

(12,777)

Net change in unrealized gain (loss) on investments

 

(22,847)

 

19,980

Net change in unrealized gain (loss) on foreign currency forward contracts

 

1,503

 

976

Net change in unrealized gain (loss) on foreign currency and other transactions

 

164

 

650

Net change in unrealized gain (loss)

 

(21,180)

 

21,606

Net increase (decrease) in net assets resulting from operations

$

(7,266)

$

25,624

Investment Income

The composition of our investment income was as follows (in thousands):

Three months ended

September 30,

    

2022

    

2021

Interest income

$

12,491

$

9,444

PIK interest income

 

1,240

 

2,913

Dividend income (1)

 

1,051

 

1,957

Fee income

 

412

 

288

Prepayment gain (loss)

 

495

 

372

Accretion of discounts and amortization of premiums

 

227

 

240

Total investment income

$

15,916

$

15,214

Nine months ended

September 30,

    

2022

    

2021

Interest income

$

30,602

$

26,905

PIK interest income

 

4,458

 

6,326

Dividend income (2)

 

3,108

 

4,368

Fee income

 

1,604

 

1,065

Prepayment gain (loss)

 

758

 

1,270

Accretion of discounts and amortization of premiums

 

872

 

857

Total investment income

$

41,402

$

40,791

(1)Includes PIK dividends of $124 and $921, respectively.
(2)Includes PIK dividends of $350 and $1,055, respectively.

79

Table of Contents

The increase in investment income of $0.7 million during the three months ended September 30, 2022, as compared to three months ended September 30, 2021, is primarily the result of an increase in interest income and fee income, partially offset by a decrease in dividend income. The increase in interest income was primarily as a result of increases in effective rates on the portfolio as a result of the rising interest rate environment. The three months ended September 30, 2022 included $2.0 million in previously unrecorded interest income associated with the repayment of our loan investment in Curion which had been on non-accrual status as proceeds were received in excess of the cost basis as a result of the successful sale of the portfolio company. The three months ended September 30, 2021 included $1.7 million in additional interest and dividend income as certain investments were returned to non-accrual status due to improvements in underlying credit performance. The increase in investment income of $0.6 million during the nine months ended September 30, 2022, as compared to nine months ended September 30, 2021, is primarily the result of an increase in interest income and fee income as a result of increases in effective rates on the portfolio, partially offset by a decrease in dividend income and prepayment gain (loss).

Operating Expenses

The composition of our operating expenses was as follows (in thousands):

Three months ended

September 30,

    

2022

    

2021

Interest and other debt financing expenses

$

4,263

$

3,924

Base management fees, net of base management fee waivers (1)

 

2,222

 

2,399

Incentive fees, net of incentive fee waivers (2)

 

1,565

 

1,578

Professional fees

 

212

 

264

Administrative service fees

 

275

 

327

General and administrative expenses

 

216

 

304

Directors’ fees

 

35

 

35

Total expenses, net of base management fee and incentive fee waivers

$

8,788

$

8,831

Nine months ended

September 30,

    

2022

    

2021

Interest and other debt financing expenses

$

11,961

$

12,219

Base management fees, net of base management fee waivers (1)

 

6,779

 

7,060

Incentive fees, net of incentive fee waivers (2)

 

2,222

 

1,771

Professional fees

 

740

 

730

Administrative service fees

 

908

 

1,020

General and administrative expenses

 

722

 

833

Directors’ fees

 

109

 

109

Total expenses, net of base management fee and incentive fee waivers

$

23,441

$

23,742

(1)Base management fees for the three and nine months ended September 30, 2022 were $2,222 and $6,834, respectively, and MC Advisors elected to voluntarily waive zero and $55, respectively, of these base management fees. Base management fees for the three and nine months ended September 30, 2021 were $2,399 and $7,060, respectively, and MC Advisors did not waive any of these base management fees.
(2)During the three and nine months ended September 30, 2022, MC Advisors waived part one incentive fees (based on net investment income) of zero and $525, respectively. During the three and nine months ended September 30, 2021, MC Advisors waived part one incentive fees (based on net investment income) of zero and $1,057, respectively. Incentive fees during both the three and nine months ended September 30, 2022 and 2021 were not limited by the Incentive Fee Limitation. See Note 6 in our attached consolidated financial statements for additional information on the Incentive Fee Limitation.

80

Table of Contents

The composition of our interest and other debt financing expenses, average outstanding balances and average stated interest rates (i.e. the rate in effect plus spread) were as follows (in thousands):

Three months ended

 

September 30,

 

    

2022

    

2021

 

Interest expense - revolving credit facility

$

2,186

$

1,209

Interest expense - 2023 Notes

 

 

Interest expense - 2026 Notes

 

1,555

 

1,544

Interest expense - SBA debentures

 

 

632

Amortization of deferred financing costs

 

522

 

539

Total interest and other debt financing expenses

$

4,263

$

3,924

Average debt outstanding

$

292,879

$

329,542

Average stated interest rate

 

5.0

%  

 

4.0

%

Nine months ended

 

September 30,

 

    

2022

    

2021

 

Interest expense - revolving credit facility

$

5,391

$

3,265

Interest expense - 2023 Notes

 

 

837

Interest expense - 2026 Notes

 

4,665

 

4,220

Interest expense - SBA debentures

 

292

 

2,220

Amortization of deferred financing costs

 

1,613

 

1,677

Total interest and other debt financing expenses

$

11,961

$

12,219

Average debt outstanding

$

315,166

$

332,028

Average stated interest rate

 

4.3

%

 

4.2

%

Total expenses remained relatively flat during the three months ended September 30, 2022, as compared to the three months ended September 30, 2021. Increases in interest expense on our revolving credit facility due to increases in SOFR were offset by decreases in administrative expenses and base management fees. The decrease in expenses of $0.3 million during the nine months ended September 30, 2022, as compared to the nine months ended September 30, 2021, is primarily the result of a decrease in base management fees and interest expense as a result of lower average debt outstanding, partially offset by an increase in incentive fees.

Income Taxes, Including Excise Taxes

We have elected to be treated as a RIC under Subchapter M of the Code and operate in a manner so as to qualify for the tax treatment available to RICs. To maintain qualification as a RIC, we must, among other things, meet certain source-of-income and asset diversification requirements and distribute to stockholders, for each taxable year, at least 90% of our “investment company taxable income,” which is generally our net ordinary income plus the excess, if any, of realized net short-term capital gains over realized net long-term capital losses.

Depending on the level of taxable income earned in a tax year, we may choose to carry forward such taxable income in excess of current year dividend distributions from such current year taxable income into the next year and pay a 4% excise tax on such income, as required. To the extent that we determine that our estimated current year annual taxable income may exceed estimated current year dividend distributions, we accrue excise tax, if any, on estimated excess taxable income as such taxable income is earned. For the three and nine months ended September 30, 2022, we recorded a net (benefit) expense on the consolidated statements of operations of ($0.1) million and $0.1 million for U.S. federal excise tax, respectively. For the three and nine months ended September 30, 2021, we recorded a net expense on the consolidated statements of operations of $0.1 million and $0.3 million, respectively, for U.S. federal excise tax.

Certain of our consolidated subsidiaries are subject to U.S. federal and state corporate-level income taxes. For the three and nine months ended September 30, 2022, we recorded a net tax expense of $0.9 million and $1.2 million on the consolidated statements of operations for these subsidiaries. For both the three and nine months ended September 30, 2021, we recorded a net tax expense of $3 thousand on the consolidated statements of operations for these subsidiaries.

81

Table of Contents

Net Realized Gain (Loss)

During the three months ended September 30, 2022 and 2021, we had sales or dispositions of investments resulting in ($1.7) million and ($9.4) million of net realized gain (loss) on investments, respectively. During the nine months ended September 30, 2022 and 2021, we had sales or dispositions of investments resulting in ($1.7) million and ($8.7) million of net realized gain (loss) on investments, respectively.

During the three and nine months ended September 30, 2022, we recognized a net loss on extinguishment of debt of zero and $1.0 million, respectively which was due to the repayment of our remaining $56.9 million of SBA debentures on March 1, 2022 (primarily comprised of the unamortized deferred financing costs at the time of repayment). During the three and nine months ended September 30, 2021, we recognized a net loss on the extinguishment of debt of $0.3 million and $3.1 million, respectively, which was due to our $109.0 million repayment of the 2023 Notes on February 18, 2021 and the repayment of $28.1 million of SBA debentures on March 1, 2021 and $30.0 million of SBA debentures on September 1, 2021.

We may enter into foreign currency forward contracts to reduce our exposure to foreign currency exchange rate fluctuations. During the three months ended September 30, 2022 and 2021, we had $38 thousand and $20 thousand of net realized gain (loss) on foreign currency forward contracts, respectively. During the nine months ended September 30, 2022 and 2021, we had $0.1 million and ($0.1) million of net realized gain (loss) on foreign currency forward contracts, respectively. During the three months ended September 30, 2022 and 2021, we had ($1) thousand and ($0.9) million of net realized gain (loss) on foreign currency and other transactions, respectively. During the nine months ended September 30, 2022 and 2021, we had ($38) thousand and ($0.9) million of net realized gain (loss) on foreign currency and other transactions, respectively.

Net Change in Unrealized Gain (Loss)

For the three months ended September 30, 2022 and 2021, our investments had ($6.2) million and $10.1 million of net change in unrealized gain (loss), respectively. The net change in unrealized gain (loss) includes both unrealized gain on investments in our portfolio with mark-to-market gains during the periods and unrealized loss on investments in our portfolio with mark-to-market losses during the periods.

During the three months ended September 30, 2022, the net change in unrealized loss on investments was primarily attributable to fundamental performance of a couple specific portfolio companies and our investment in SLF. The SLF’s underlying investments are loans to middle-market borrowers that are generally larger than the rest of our portfolio, which is focused on lower middle-market companies. These upper middle-market loans held within the SLF experienced higher volatility in valuation than the rest of the portfolio.

During the three months ended September 30, 2021, portfolio valuations remained relatively stable and the net change in unrealized gain (loss) was primarily comprised of the reversal of previously recognized unrealized losses on our investment in Worth Collection, Ltd. (“Worth”) as the loss on this investment was realized this period.

For the nine months ended September 30, 2022 and 2021, our investments had ($22.8) million and $20.0 million of net change in unrealized gain (loss), respectively. During the nine months ended September 30, 2022, the net change in unrealized loss on investments was primarily attributable to overall market volatility and spread widening in the loan market, including approximately $5.1 million of unrealized losses attributable to our investment in SLF. Additionally, approximately $15.6 million in net unrealized losses were attributable to portfolio companies that have underlying credit performance concerns resulting in a risk rating of Grade 3, 4 or 5 on our investment performance risk rating scale that were still held as of September 30, 2022.

Excluding the $10.3 million reversal of previously recognized unrealized losses on our investment in Worth as the loss on this investment was realized this period, we estimate approximately $6.7 million of the net unrealized gain on investments during the nine months ended September 30, 2021 was attributable to broad market movements and tightening of credit spreads in the loan markets. Approximately $4.7 million of these net unrealized gains were attributable to investments held in the portfolio directly, while approximately $2.0 million of these gains were attributable to our investment in SLF. Additionally, $3.0 million in net unrealized gain on investments was attributable to portfolio companies that have underlying credit or fundamental performance concerns resulting in a risk rating of Grade 3, 4 or 5 on our investment performance risk rating scale.

82

Table of Contents

For the three months ended September 30, 2022 and 2021, our foreign currency forward contracts had $0.9 million and $0.5 million of net change in unrealized gain (loss), respectively. For the nine months ended September 30, 2022 and 2021, our foreign currency forward contracts had $1.5 million and $1.0 million of net change in unrealized gain (loss), respectively. For the three months ended September 30, 2022 and 2021, our foreign currency borrowings and cash denominated in foreign currencies had zero and $0.9 million of net change in unrealized gain (loss), respectively. For the nine months ended September 30, 2022 and 2021, our foreign currency borrowings and cash denominated in foreign currencies had $0.2 million and $0.7 million of net change in unrealized gain (loss), respectively.

Net Increase (Decrease) in Net Assets Resulting from Operations

For the three months ended September 30, 2022 and 2021, the net increase (decrease) in net assets resulting from operations was ($0.7) million and $7.2 million, respectively. Based on the weighted average shares of common stock outstanding for the three months ended September 30, 2022 and 2021, our per share net increase (decrease) in net assets resulting from operations was ($0.03) and $0.34, respectively.

For the nine months ended September 30, 2022 and 2021, the net increase (decrease) in net assets resulting from operations was ($7.3) million and $25.6 million, respectively. Based on the weighted average shares of common stock outstanding for the nine months ended September 30, 2022 and 2021, our per share net increase (decrease) in net assets resulting from operations was ($0.33) and $1.20, respectively.

The $7.9 million and $32.9 million decreases during the three and nine months ended September 30, 2022 as compared to the three and nine months ended September 30, 2021, respectively, is primarily the result of net unrealized mark-to-market losses on investments primarily due to market volatility and spread widening in the loan market and unrealized losses on portfolio companies that have underlying credit or fundamental performance concerns resulting in a risk rating of Grade 3, 4 or 5 on our investment performance risk rating scale during the three and nine months ended September 30, 2022, as compared to the three and nine months ended September 30, 2021, where investments in the portfolio experienced net mark-to-market gains, primarily attributable to broad market movements and the tightening of credit spreads in the loan markets and unrealized gains on certain portfolio companies that had underlying credit or fundamental performance concerns resulting in a risk rating of Grade 3, 4 or 5 on our investment performance risk rating scale.

Liquidity and Capital Resources

As of September 30, 2022, we had $7.1 million in cash, $171.2 million of total debt outstanding on our revolving credit facility and $130.0 million in 2026 Notes. We had $83.8 million available for additional borrowings on our revolving credit facility, subject to borrowing base availability. See “Borrowings” below for additional information.

In accordance with the 1940 Act, we are permitted to borrow amounts such that our asset coverage ratio, as defined in the 1940 Act, is at least 150% after such borrowing. We were granted exemptive relief from the SEC for permission to exclude the debt of MRCC SBIC guaranteed by the SBA prior to its dissolution from the asset coverage test under the 1940 Act during the period the SBA debentures were outstanding. As of September 30, 2022 and December 31, 2021, our asset coverage ratio based on aggregate borrowings outstanding was 175% and 189%, respectively.

Cash Flows

For the nine months ended September 30, 2022 and 2021, we experienced a net increase (decrease) in cash and restricted cash of ($10.9) million and ($16.4) million, respectively. For the nine months ended September 30, 2022 and 2021, operating activities provided $42.0 million and $19.6 million, respectively, primarily as a result of principal repayments on and sales of portfolio investments and net investment income, partially offset by purchases of portfolio investments. During the nine months ended September 30, 2022, we used $52.9 million in financing activities, primarily as a result of repayments on our SBA debentures and distributions to stockholders, partially offset by net borrowings on our revolving credit facility. During the nine months ended September 30, 2021, we used $36.0 million in financing activities, primarily as a result of net repayments on our 2023 Notes and SBA debentures and distributions to stockholders, partially offset by net borrowings on our revolving credit facility and net proceeds from our 2026 Notes (net of deferred financing cost payments).

83

Table of Contents

Capital Resources

As a BDC, we distribute substantially all of our net income to our stockholders and have an ongoing need to raise additional capital for investment purposes. We intend to generate additional cash primarily from future offerings of securities, future borrowings and cash flows from operations, including income earned from investments in our portfolio companies. On both a short-term and long-term basis, our primary use of funds will be to invest in portfolio companies and make cash distributions to our stockholders. We may also use available funds to repay outstanding borrowings.

As a BDC, we are generally not permitted to issue and sell our common stock at a price below net asset value (“NAV”) per share. We may, however, sell our common stock, or warrants, options or rights to acquire our common stock, at a price below the then-current NAV per share of our common stock if our board of directors (“Board”), including our independent directors, determines that such sale is in the best interests of us and our stockholders, and if our stockholders have approved such sales. On June 8, 2022, our stockholders once again voted to allow us to sell or otherwise issue common stock at a price below net asset value per share for a period of one year, subject to certain limitations. As of both September 30, 2022 and December 31, 2021, we had 21,666,340 shares outstanding.

On June 24, 2015, our stockholders approved a proposal to authorize us to issue warrants, options or rights to subscribe to, convert to, or purchase our common stock in one or more offerings. This is a standing authorization and does not require annual re-approval by our stockholders.

Stock Issuances: On May 12, 2017, we entered into at-the-market (“ATM”) equity distribution agreements with each of JMP Securities LLC (“JMP”) and FBR Capital Markets & Co. (“FBR”) (the “ATM Program”) through which we can sell, by means of ATM offerings, from time to time, up to $50.0 million of our common stock. On May 8, 2020, we entered into an amendment to the ATM Program to extend its term. All other material terms of the ATM Program remain unchanged. There were no stock issuances through the ATM Program during the nine months ended September 30, 2022. During the nine months ended September 30, 2021, we sold 240,000 shares at an average price of $11.43 per share for gross proceeds of $2.7 million under the ATM program. Aggregate underwriter’s discounts and commissions were $41 thousand and offering costs were $12 thousand, resulting in net proceeds of approximately $2.7 million.

Borrowings

Revolving Credit Facility: We have a $255.0 million revolving credit facility with ING Capital LLC, as agent. The revolving credit facility has an accordion feature which permits us, under certain circumstances to increase the size of the facility up to $400.0 million (subject to maintaining 150% asset coverage, as defined by the 1940 Act). The revolving credit facility is secured by a lien on all of our assets, including cash on hand, but excluding the assets of our wholly-owned subsidiary, MRCC SBIC, prior to its dissolution. We may make draws under the revolving credit facility to make or purchase additional investments through March 1, 2023 and for general working capital purposes until March 1, 2024, the maturity date of the revolving credit facility.

Our ability to borrow under the revolving credit facility is subject to availability under the borrowing base, which permits us to borrow up to 72.5% of the fair market value of our portfolio company investments depending on the type of investment we hold and whether the investment is quoted. Our ability to borrow is also subject to certain concentration limits, and continued compliance with the representations, warranties and covenants given by us under the facility. The revolving credit facility contains certain financial and restrictive covenants, including, but not limited to, our maintenance of: (1) minimum consolidated total net assets at least equal to $150.0 million plus 65% of the net proceeds to us from sales of our equity securities after March 1, 2019; (2) a ratio of total assets (less total liabilities other than indebtedness) to total indebtedness of not less than 1.5 to 1; and (3) a senior debt coverage ratio of at least 2 to 1. The revolving credit facility also requires us to undertake customary indemnification obligations with respect to ING Capital LLC and other members of the lending group and to reimburse the lenders for expenses associated with entering into the credit facility. The revolving credit facility also has customary provisions regarding events of default, including events of default for nonpayment, change in control transactions at both Monroe Capital Corporation and MC Advisors, failure to comply with financial and negative covenants, and failure to maintain our relationship with MC Advisors. If we incur an event of default under the revolving credit facility and fail to remedy such default under any applicable grace period, if any, then the entire revolving credit facility could become immediately due and payable, which would materially and adversely affect our liquidity, financial condition, results of operations and cash flows.

84

Table of Contents

Our revolving credit facility also imposes certain conditions that may limit the amount of our distributions to stockholders. Distributions payable in our common stock under the DRIP are not limited by the revolving credit facility. Distributions in cash or property other than common stock are generally limited to 115% of the amount of distributions required to maintain our status as a RIC.

As of September 30, 2022, we had U.S. dollar borrowings of $171.2 million. As of December 31, 2021, we had U.S. dollar borrowings of $146.4 million and non-U.S. dollar borrowings denominated in Great Britain pounds of £3.4 million ($4.6 million in U.S. dollars) under the revolving credit facility. Any borrowings denominated in a foreign currency may be positively or negatively affected by movements in the rate of exchange between the U.S. dollar and the respective foreign currency. These movements are beyond our control and cannot be predicted. Borrowings denominated in a foreign currency are translated into U.S. dollars based on the spot rate at each balance sheet date. The impact resulting from changes in foreign currency borrowings is included in net change in unrealized gain (loss) on foreign currency and other transactions on our consolidated statements of operations and totaled zero and $0.2 million for the three and nine months ended September 30, 2022, respectively, and $1.0 million and $0.7 million for the three and nine months ended September 30, 2021, respectively. During the nine months ended September 30, 2022, we repaid borrowings denominated in Great Britain pounds of £3.4 million. As a result of this repayment, we recognized a realized gain (loss) on foreign currency and other transactions on our consolidated statements of operations of ($11) thousand for the nine months ended September 30, 2022. During both the three and nine months ended September 30, 2021, we repaid borrowings denominated in Great Britain pounds of £12.7 million. As a result of this repayment, we recognized a realized gain (loss) on foreign currency and other transactions on our consolidated statements of operations of ($0.9) million for both the three and nine months ended September 30, 2021.

Borrowings under the revolving credit facility bear interest, at our election, at an annual rate of LIBOR (one-month, three-month or six-month at our discretion based on the term of the borrowing) plus 2.625% or at a daily rate equal to 1.625% per annum plus the greater of the prime interest rate, the federal funds rate plus 0.5% or LIBOR plus 1.0%, with a LIBOR floor of 0.5%. In addition to the stated interest rate on borrowings under the revolving credit facility, we are required to pay a commitment fee and certain conditional fees based on usage of the expanded borrowing base and usage of the asset coverage ratio flexibility. A commitment fee of 0.5% per annum on any unused portion of the revolving credit facility if the unused portion of the facility is less than 35% of the then available maximum borrowing or a commitment fee of 1.0% per annum on any unused portion of the revolving credit facility if the unused portion of the facility is greater than or equal to 35% of the then available maximum borrowing. As of September 30, 2022 and December 31, 2021, the outstanding borrowings were accruing at a weighted average interest rate of 5.7% and 3.1%, respectively.

2026 Notes: As of both September 30, 2022 and December 31, 2021, we had $130.0 million in aggregate principal amount of senior unsecured notes (the “2026 Notes”) outstanding that mature on February 15, 2026. The 2026 Notes bear interest at an annual rate of 4.75% payable semi-annually on February 15 and August 15. We may redeem the 2026 Notes in whole or in part at any time or from time to time at our option at par plus a “make-whole” premium, if applicable. The 2026 Notes are general, unsecured obligations and rank equal in right of payment with all of our existing and future unsecured indebtedness.

SBA Debentures: On March 1, 2022, MRCC SBIC fully repaid its outstanding SBA debentures utilizing a borrowing on our revolving credit facility and the restricted cash at MRCC SBIC. This repayment was accounted for as a debt extinguishment in accordance with ASC Subtopic 470-50, Debt – Modifications and Extinguishment (“ASC 470-50”), which resulted in a realized loss of $1.0 million (primarily comprised of the unamortized deferred financing costs at the time of the repayment) recorded in net gain (loss) on extinguishment of debt on our consolidated statements of operations. MRCC SBIC received approval from the SBA to surrender its SBIC license and on March 31, 2022, MRCC SBIC was dissolved.

As of September 30, 2022 and December 31, 2021, MRCC SBIC had zero and $57.6 million, respectively, in leverageable capital and the following SBA debentures outstanding (in thousands):

Maturity Date

    

Interest Rate

    

September 30, 2022

    

December 31, 2021

September 2024

 

3.4

%  

$

$

2,920

March 2025

 

3.3

%  

 

 

14,800

March 2025

 

2.9

%  

 

 

7,080

September 2027

 

3.2

%  

 

 

32,100

Total

$

$

56,900

85

Table of Contents

Distributions

Our Board will determine the timing and amount, if any, of our distributions. We intend to pay distributions on a quarterly basis. In order to avoid corporate-level tax on the income we distribute as a RIC, we must distribute to our stockholders at least 90% of our ordinary income and realized net short-term capital gains in excess of realized net long-term capital losses, if any, on an annual basis out of the assets legally available for such distributions. In addition, we also intend to distribute any realized net capital gains (i.e., realized net long-term capital gains in excess of realized net short-term capital losses) at least annually out of the assets legally available for such distributions. Distributions to stockholders for the three and nine months ended September 30, 2022, totaled $5.4 million ($0.25 per share) and $16.2 million ($0.75 per share), respectively. Distributions to stockholders for the three and nine months ended September 30, 2021, totaled $5.4 million ($0.25 per share) and $16.1 million ($0.75 per share), respectively. The tax character of such distributions is determined at the end of the fiscal year. However, if the character of such distributions were determined as of September 30, 2022 and 2021, no portion of these distributions would have been characterized as a tax return of capital to stockholders.

In October 2012, we adopted an “opt out” dividend reinvestment plan (“DRIP”) for our common stockholders. When we declare a distribution, our stockholders’ cash distributions will automatically be reinvested in additional shares of our common stock unless a stockholder specifically “opts out” of our DRIP. If a stockholder opts out, that stockholder will receive cash distributions. Although distributions paid in the form of additional shares of our common stock will generally be subject to U.S. federal, state and local taxes in the same manner as cash distributions, stockholders participating in our DRIP will not receive any corresponding cash distributions with which to pay any such applicable taxes.

MRCC Senior Loan Fund I, LLC

We co-invest with LSW in senior secured loans through SLF, an unconsolidated Delaware LLC. SLF is capitalized as underlying investment transactions are completed, taking into account available debt and equity commitments available for funding these investments. All portfolio and investment decisions in respect to SLF must be approved by the SLF investment committee, consisting of one representative of each of us and LSW. SLF may cease making new investments upon notification of either member but operations will continue until all investments have been sold or paid-off in the normal course of business. Investments held by SLF are measured at fair value using the same valuation methodologies as described below. Our investment is illiquid in nature as SLF does not allow for withdrawal from the LLC or the sale of a member’s interest unless approved by the board members of SLF. The full withdrawal of a member would result in an orderly wind-down of SLF.

SLF’s profits and losses are allocated to us and LSW in accordance with the respective ownership interests. As of both September 30, 2022 and December 31, 2021, we and LSW each owned 50.0% of the LLC equity interests of SLF. As of September 30, 2022, SLF had $100.0 million in equity commitments from its members (in the aggregate), of which $85.3 million was funded. As of December 31, 2021, SLF had $100.0 million in equity commitments from its members (in the aggregate), of which $84.3 million was funded.

As of both September 30, 2022 and December 31, 2021, we have committed to fund $50.0 million of LLC equity interest subscriptions to SLF. As of September 30, 2022, $42.7 million of our LLC equity interest subscriptions to SLF had been called and contributed, net of return of capital distributions subject to recall. As of December 31, 2021, $42.2 million of our LLC equity interest subscriptions to SLF had been called and contributed, net of return of capital distributions subject to recall.

For the three and nine months ended September 30, 2022, we received $0.9 million and $2.7 million of dividend income from our LLC equity interest in SLF, respectively. For the three and nine months ended September 30, 2021, we received $1.0 million and $3.3 million of dividend income from our LLC equity interest in SLF, respectively.

SLF has a senior secured revolving credit facility (as amended, the “SLF Credit Facility”) with Capital One, N.A., through its wholly-owned subsidiary MRCC Senior Loan Fund I Financing SPV, LLC (“SLF SPV”), The SLF Credit Facility allows SLF SPV to borrow up to $175.0 million, subject to leverage and borrowing base restrictions borrowings on the SLF Credit Facility bear interest at an annual rate of LIBOR (three-month) plus 2.10%.

86

Table of Contents

SLF does not pay any fees to MC Advisors or its affiliates; however, SLF has entered into an administration agreement with Monroe Capital Management Advisors, LLC (“MC Management”), pursuant to which certain loan servicing and administrative functions are delegated to MC Management. SLF may reimburse MC Management for its allocable share of overhead and other expenses incurred by MC Management. For the three and nine months ended September 30, 2022, SLF incurred $0.1 million and $0.2 million of allocable expenses, respectively. For the three and nine months ended September 30, 2021, SLF incurred $0.1 million and $0.2 million of allocable expenses, respectively. There are no agreements or understandings by which we guarantee any SLF obligations.

As of September 30, 2022 and December 31, 2021, SLF had total assets at fair value of $201.6 million and $194.6 million, respectively. As of September 30, 2022, SLF had two portfolio company investments on non-accrual status with a fair value of $2.5 million. As of December 31, 2021, SLF had one portfolio company investment on non-accrual status with a fair value of $1.1 million. The portfolio companies in SLF are in industries and geographies similar to those in which we may invest directly. Additionally, as of September 30, 2022 and December 31, 2021, SLF had $5.3 million and $2.1 million, respectively, in outstanding commitments to fund investments under undrawn revolvers and delayed draw commitments.

Below is a summary of SLF’s portfolio, followed by a listing of the individual investments in SLF’s portfolio as of September 30, 2022 and December 31, 2021:

    

As of

 

    

September 30, 2022

    

December 31, 2021

 

Senior secured loans (1)

 

207,366

 

193,062

Weighted average current interest rate on senior secured loans (2)

 

8.3

%  

5.9

%

Number of portfolio company investments in SLF

 

62

 

57

Largest portfolio company investment (1)

 

6,668

 

6,720

Total of five largest portfolio company investments (1)

 

27,037

 

27,074

(1)Represents outstanding principal amount, excluding unfunded commitments. Principal amounts in thousands.
(2)Computed as the (a) annual stated interest rate on accruing senior secured loans divided by (b) total senior secured loans at outstanding principal amount.

87

Table of Contents

MRCC SENIOR LOAN FUND I, LLC

CONSOLIDATED SCHEDULE OF INVESTMENTS

(unaudited)

September 30, 2022

(in thousands)

    

Spread
Above

Interest

Portfolio Company (a)

Index (b)

    

Rate (b)

  

Maturity

    

Principal

    

Fair Value

Non-Controlled/Non-Affiliate Company Investments

 

Senior Secured Loans

Aerospace & Defense

Bromford Industries Limited (c)

 

P+

5.25

%  

11.50

%

11/5/2025

2,744

 

$

2,578

Bromford Industries Limited (c)

 

P+

5.25

%  

11.50

%

11/5/2025

 

1,829

 

1,719

Trident Maritime Systems, Inc.

 

L+

5.00

%  

8.67

%

2/26/2027

 

2,453

 

2,439

Trident Maritime Systems, Inc.

 

L+

5.00

%  

8.67

%

2/26/2027

 

746

 

742

Trident Maritime Systems, Inc. (Revolver) (d)

 

L+

5.00

%  

8.05

%

2/26/2027

 

319

 

122

 

 

 

8,091

 

7,600

Automotive

 

 

Accelerate Auto Works Intermediate, LLC

 

L+

4.75

%  

7.82

%

12/1/2027

 

1,395

 

1,395

Accelerate Auto Works Intermediate, LLC (Delayed Draw) (d)

 

L+

4.75

%  

7.82

%

12/1/2027

 

388

 

Accelerate Auto Works Intermediate, LLC (Revolver) (d)

 

L+

4.75

%  

7.82

%

12/1/2027

 

132

 

Truck-Lite Co., LLC

 

SF+

6.25

%  

8.93

%

12/14/2026

 

1,696

 

1,697

Truck-Lite Co., LLC

 

SF+

6.25

%  

8.93

%

12/14/2026

 

251

 

252

Truck-Lite Co., LLC

 

SF+

6.25

%  

8.93

%

12/14/2026

 

43

 

43

Wheel Pros, Inc.

 

L+

4.50

%  

7.55

%

5/11/2028

 

1,937

 

1,433

 

5,842

 

4,820

Beverage, Food & Tobacco

CBC Restaurant Corp.

 

n/a

 

5.00

% PIK(e)

12/30/2022

 

1,066

 

828

SW Ingredients Holdings, LLC

 

L+

4.75

%  

7.56

%

7/3/2025

 

3,591

 

3,587

 

4,657

 

4,415

Capital Equipment

Analogic Corporation

 

L+

5.25

%  

8.06

%

6/24/2024

 

4,715

 

4,494

DS Parent, Inc.

 

L+

5.75

%  

9.92

%

12/8/2028

 

2,888

 

2,781

MacQueen Equipment, LLC

 

L+

5.25

%  

8.92

%

1/7/2028

 

2,101

 

2,101

MacQueen Equipment, LLC (Delayed Draw) (d)

 

L+

5.25

%  

8.92

%

1/7/2028

 

592

 

69

MacQueen Equipment, LLC (Revolver) (d)

 

L+

5.25

%  

8.92

%

1/7/2028

 

296

 

89

 

 

10,592

 

9,534

Chemicals, Plastics & Rubber

 

Phoenix Chemical Holding Company LLC (fka Polymer Solutions Group)

 

L+

7.00

%  

10.12

%

1/3/2023

 

1,149

 

1,144

TJC Spartech Acquisition Corp.

 

L+

4.75

%  

7.10

%

5/5/2028

 

4,264

 

4,126

 

5,413

 

5,270

Construction & Building

The Cook & Boardman Group LLC

 

SF+

5.75

%  

8.48

%

10/20/2025

 

2,887

 

2,710

 

2,887

 

2,710

Consumer Goods: Durable

International Textile Group, Inc.

 

L+

5.00

%  

7.28

%

5/1/2024

 

1,676

 

1,307

Runner Buyer INC.

 

L+

5.50

%  

8.57

%

10/23/2028

 

2,985

 

2,040

 

4,661

 

3,347

Consumer Goods: Non-Durable

PH Beauty Holdings III, INC.

 

L+

5.00

%  

8.07

%

9/26/2025

 

2,399

 

1,955

 

2,399

 

1,955

Containers, Packaging & Glass

Liqui-Box Holdings, Inc.

 

L+

4.50

%  

7.57

%

2/26/2027

 

4,236

 

3,816

Polychem Acquisition, LLC

 

L+

5.00

%  

8.12

%

3/17/2025

 

2,895

 

2,895

7.88

% Cash/

Port Townsend Holdings Company, Inc. and Crown Corrugated Company

 

SF+

6.75

%  

2.00

% PIK(e)

4/3/2024

 

4,820

 

1,717

PVHC Holding Corp

 

L+

4.75

%  

8.42

%

8/5/2024

 

3,192

 

3,080

 

15,143

 

11,508

Energy: Oil & Gas

Drilling Info Holdings, Inc.

 

L+

4.25

%  

7.37

%

7/30/2025

 

4,481

 

4,335

Offen, Inc.

 

L+

5.00

%  

7.88

%

6/22/2026

 

2,249

 

2,249

Offen, Inc.

 

L+

5.00

%  

7.88

%

6/22/2026

 

869

 

869

 

7,599

 

7,453

FIRE: Finance

Harbour Benefit Holdings, Inc.

 

L+

5.25

%  

8.92

%

12/13/2024

 

2,913

 

2,892

Harbour Benefit Holdings, Inc.

 

L+

5.25

%  

8.37

%

12/13/2024

 

64

 

64

Minotaur Acquisition, Inc.

 

SF+

5.00

%  

8.13

%

3/27/2026

 

4,869

 

4,639

 

7,846

 

7,595

FIRE: Real Estate

Avison Young (USA) Inc. (c)

 

SF+

5.75

%  

8.90

%

1/30/2026

 

4,812

 

4,500

 

4,812

 

4,500

88

Table of Contents

MRCC SENIOR LOAN FUND I, LLC

CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)

(unaudited)

September 30, 2022

(in thousands)

Spread
Above

Interest

Portfolio Company (a)

    

Index (b)

    

Rate (b)

Maturity

    

Principal

    

Fair Value

Healthcare & Pharmaceuticals

Cano Health, LLC

 

SF+

4.00

%  

7.13

%

11/23/2027

1,975

 

$

1,921

HAH Group Holding Company LLC

 

SF+

5.00

%  

8.71

%

10/29/2027

 

2,985

 

2,851

LSCS Holdings, Inc.

 

L+

4.50

%  

8.17

%

12/15/2028

 

1,832

 

1,764

Natus Medical Incorporated

 

SF+

5.50

%

8.68

%

7/20/2029

5,000

 

4,675

Paragon Healthcare, Inc.

 

SF+

5.75

%  

8.49

%

1/19/2028

 

2,254

 

2,240

Paragon Healthcare, Inc. (Delayed Draw) (d)

 

SF+

5.75

%

8.49

%

1/19/2028

245

 

Paragon Healthcare, Inc. (Revolver) (d)

 

SF+

5.75

%

8.49

%

1/19/2028

 

490

 

Radiology Partners, Inc.

 

L+

4.25

%

7.33

%

7/9/2025

 

4,760

 

4,032

TEAM Public Choices, LLC

 

L+

5.00

%

7.81

%

12/17/2027

 

2,962

 

2,859

 

22,503

 

20,342

High Tech Industries

Corel Inc. (c)

 

L+

5.00

%

8.07

%

7/2/2026

 

3,650

 

3,394

Lightbox Intermediate, L.P.

 

L+

5.00

%

8.67

%

5/11/2026

 

4,838

 

4,668

LW Buyer, LLC

 

L+

5.00

%

8.67

%

12/30/2024

 

4,838

 

4,765

TGG TS Acquisition Company

 

L+

6.50

%

10.17

%

12/12/2025

 

3,190

 

3,111

 

16,516

 

15,938

Hotels, Gaming & Leisure

Excel Fitness Holdings, Inc.

 

SF+

5.25

%

8.08

%

4/27/2029

 

4,375

 

4,112

Excel Fitness Holdings, Inc. (Revolver) (d)

 

SF+

5.25

%

8.03

%

4/28/2028

 

625

 

42

North Haven Spartan US Holdco, LLC

 

L+

5.00

%

8.17

%

6/6/2025

 

2,280

 

2,143

Tait LLC

 

L+

5.00

%

7.28

%

3/28/2025

 

4,093

 

3,817

Tait LLC (Revolver) (d)

 

P+

4.00

%

10.25

%

3/28/2025

 

769

 

185

 

12,142

 

10,299

Media: Advertising, Printing & Publishing

Cadent, LLC

 

L+

6.50

%

10.17

%

9/11/2025

 

4,237

 

4,227

Cadent, LLC (Revolver) (d)

 

L+

6.50

%

10.17

%

9/11/2025

 

167

 

 

4,404

 

4,227

Media: Diversified & Production

Research Now Group, Inc. and Survey Sampling International, LLC

 

L+

5.50

%

8.84

%

12/20/2024

 

6,667

 

6,054

STATS Intermediate Holdings, LLC

 

L+

5.25

%

8.19

%

7/10/2026

 

4,863

 

4,599

TA TT Buyer, LLC

 

SF+

5.00

%

8.98

%

3/30/2029

 

3,333

 

3,211

 

14,863

 

13,864

Services: Business

AQ Carver Buyer, Inc.

 

L+

5.00

%

8.67

%

9/23/2025

 

4,850

 

4,704

CHA Holdings, Inc

 

L+

4.50

%

8.17

%

4/10/2025

 

1,965

 

1,886

CHA Holdings, Inc

 

L+

4.50

%

8.17

%

4/10/2025

 

414

 

398

Eliassen Group, LLC

 

SF+

5.75

%

9.30

%

4/14/2028

 

3,259

 

3,221

Eliassen Group, LLC (Delayed Draw) (d)

 

SF+

5.75

%

9.13

%

4/14/2028

 

741

 

110

Engage2Excel, Inc.

 

L+

7.25

%

10.92

%

3/7/2023

 

4,293

 

4,255

Engage2Excel, Inc.

 

L+

7.25

%

10.92

%

3/7/2023

 

775

 

768

Engage2Excel, Inc. (Revolver) (d)

 

P+

6.25

%

12.50

%

3/7/2023

 

554

 

452

Orbit Purchaser LLC

 

L+

4.50

%

8.17

%

10/21/2024

 

2,413

 

2,195

Orbit Purchaser LLC

 

L+

4.50

%

8.17

%

10/21/2024

 

1,863

 

1,695

Orbit Purchaser LLC

 

L+

4.50

%

8.17

%

10/21/2024

 

545

 

496

8.30

%Cash/

Output Services Group, Inc.

 

SF+

6.75

%

1.50

% PIK

6/29/2026

 

4,801

 

3,409

Secretariat Advisors LLC

 

L+

4.75

%

8.42

%

12/29/2028

 

1,697

 

1,638

Secretariat Advisors LLC (Delayed Draw) (d)

 

L+

4.75

%

8.42

%

12/29/2028

 

270

 

SIRVA Worldwide Inc.

 

L+

5.50

%

9.17

%

8/4/2025

 

1,813

 

1,645

Teneo Holdings LLC

 

SF+

5.25

%

8.38

%

7/11/2025

 

4,850

 

4,597

The Kleinfelder Group, Inc.

 

L+

5.25

%

8.92

%

11/29/2024

 

2,368

 

2,368

 

37,471

 

33,837

Services: Consumer

360Holdco, Inc.

 

SF+

4.75

%

7.88

%

8/2/2025

 

2,151

 

2,140

360Holdco, Inc. (Delayed Draw) (d)

 

SF+

4.75

%

7.88

%

8/2/2025

 

827

 

66

Laseraway Intermediate Holdings II, LLC

 

L+

5.75

%

8.23

%

10/14/2027

 

2,206

 

2,170

McKissock Investment Holdings, LLC

 

SF+

5.00

%

8.73

%

3/9/2029

 

2,494

 

2,419

 

7,678

 

6,795

Telecommunications

Intermedia Holdings, Inc.

 

L+

6.00

%

9.12

%

7/21/2025

 

1,765

 

1,548

Mavenir Systems, Inc.

 

L+

4.75

%

7.71

%

8/18/2028

 

1,658

 

1,434

Sandvine Corporation

 

L+

4.50

%

8.17

%

10/31/2025

 

2,000

 

1,950

 

5,423

 

4,932

Transportation: Cargo

Keystone Purchaser, LLC

 

L+

5.25

%

9.42

%

5/7/2027

 

4,980

 

4,974

 

4,980

 

4,974

Utilities: Oil & Gas

Dresser Utility Solutions, LLC (fka NGS US Finco, LLC)

 

L+

4.25

%

7.37

%

10/1/2025

 

1,682

 

1,623

Dresser Utility Solutions, LLC (fka NGS US Finco, LLC)

 

L+

5.25

%

8.37

%

10/1/2025

 

246

 

239

 

1,928

 

1,862

Wholesale

HALO Buyer, Inc.

 

L+

4.50

%

7.62

%

6/30/2025

 

4,786

 

4,344

 

4,786

 

4,344

TOTAL INVESTMENTS

 

$

192,121

89

Table of Contents

MRCC SENIOR LOAN FUND I, LLC

CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)

(unaudited)

September 30, 2022

(in thousands)

(a)All investments are U.S. companies unless otherwise noted.
(b)The majority of investments bear interest at a rate that may be determined by reference to the London Interbank Offered Rate (“LIBOR” or “L”), Secured Overnight Financing Rate (“SOFR” or “SF”) or Prime (“P”) which reset daily, monthly, quarterly or semiannually. We have provided the spread over LIBOR, SOFR or Prime and the current contractual rate of interest in effect at September 30, 2022. Certain investments may be subject to an interest rate floor or cap.
(c)This is an international company.
(d)All or a portion of this commitment was unfunded as of September 30, 2022. As such, interest is earned only on the funded portion of this commitment. Principal reflects the commitment outstanding.
(e)This position was on non-accrual status as of September 30, 2022, meaning that we have ceased accruing interest income on the position.

90

Table of Contents

MRCC SENIOR LOAN FUND I, LLC

CONSOLIDATED SCHEDULE OF INVESTMENTS

December 31, 2021

(in thousands)

    

Spread

    

    

    

    

Above

Portfolio Company (a)

Index (b)

Interest Rate (b)

Maturity

Principal

Fair Value

Non-Controlled/Non-Affiliate Company Investments

 

  

 

  

 

  

 

  

 

  

Senior Secured Loans

 

  

 

  

 

  

 

  

 

  

Aerospace & Defense

 

  

 

  

 

  

 

  

 

  

Bromford Industries Limited (c)

 

P+

4.25

%  

7.50

%  

11/5/2025

 

2,744

$

2,692

Bromford Industries Limited (c)

 

P+

4.25

%  

7.50

%  

11/5/2025

 

1,829

 

1,794

Trident Maritime Systems, Inc.

 

L+

5.50

%  

6.50

%  

2/26/2027

 

2,467

 

2,478

Trident Maritime Systems, Inc. (Revolver) (d)

 

L+

5.50

%  

6.50

%  

2/26/2027

 

265

 

 

7,305

 

6,964

Automotive

 

  

 

  

 

  

 

  

 

  

Accelerate Auto Works Intermediate, LLC

 

L+

4.75

%  

5.75

%  

12/1/2027

 

1,454

 

1,436

Accelerate Auto Works Intermediate, LLC (Delayed Draw) (d)

 

L+

4.75

%  

5.75

%  

12/1/2027

 

388

 

Accelerate Auto Works Intermediate, LLC (Revolver) (d)

 

L+

4.75

%  

5.75

%  

12/1/2027

 

132

 

Truck-Lite Co., LLC

 

L+

6.25

%  

7.25

%  

12/14/2026

 

1,709

 

1,718

Truck-Lite Co., LLC

 

L+

6.25

%  

7.25

%  

12/14/2026

 

253

 

255

Wheel Pros, Inc.

 

L+

4.50

%  

5.25

%  

5/11/2028

 

1,952

 

1,951

 

 

5,888

5,360

Beverage, Food & Tobacco

 

  

 

  

 

  

 

  

 

  

CBC Restaurant Corp.

 

n/a

 

5.00

% PIK (f)

12/30/2022

 

1,116

 

1,072

SW Ingredients Holdings, LLC

 

L+

4.75

%  

5.75

%  

7/3/2025

 

3,619

 

3,619

 

 

4,735

4,691

Capital Equipment

 

  

 

  

 

  

 

  

 

  

Analogic Corporation

 

L+

5.25

%  

6.25

%  

6/24/2024

 

4,752

 

4,702

DS Parent, Inc. (e)

 

L+

5.75

%  

6.50

%  

12/8/2028

 

3,000

 

2,970

 

 

7,752

7,672

Chemicals, Plastics & Rubber

 

  

 

  

 

  

 

  

 

  

Polymer Solutions Group

 

L+

7.00

%  

8.00

%  

1/3/2023

 

1,178

 

1,169

 

 

1,178

1,169

Construction & Building

 

  

 

  

 

  

 

  

 

  

The Cook & Boardman Group LLC

 

L+

5.75

%  

6.75

%  

10/20/2025

 

2,910

 

2,838

 

 

2,910

2,838

Consumer Goods: Durable

 

  

 

  

 

  

 

  

 

  

International Textile Group, Inc.

 

L+

5.00

%  

5.13

%  

5/1/2024

 

1,711

 

1,590

Runner Buyer INC. (e)

 

L+

5.50

%  

6.25

%  

10/23/2028

 

3,000

 

2,970

 

 

4,711

4,560

Consumer Goods: Non-Durable

 

  

 

  

 

  

 

  

 

  

PH Beauty Holdings III, INC.

 

L+

5.00

%  

5.18

%  

9/26/2025

 

2,418

 

2,284

 

 

2,418

2,284

Containers, Packaging & Glass

 

  

 

  

 

  

 

  

 

  

Liqui-Box Holdings, Inc.

 

L+

4.50

%  

5.50

%  

2/26/2027

 

4,268

 

3,991

Polychem Acquisition, LLC

 

L+

5.00

%  

5.50

%  

3/17/2025

 

2,918

 

2,917

5.75

% Cash/

Port Townsend Holdings Company, Inc. and Crown Corrugated Company

 

L+

6.75

%  

2.00

% PIK

4/3/2024

 

4,751

 

4,238

PVHC Holding Corp

 

L+

4.75

%  

5.75

%  

8/5/2024

 

3,217

 

2,976

 

 

15,154

14,122

Energy: Oil & Gas

 

  

 

  

 

  

 

  

 

  

Drilling Info Holdings, Inc.

 

L+

4.25

%  

4.35

%  

7/30/2025

 

4,516

 

4,471

Offen, Inc.

 

L+

5.00

%  

5.10

%  

6/22/2026

 

2,388

 

2,387

Offen, Inc.

 

L+

5.00

%  

5.10

%  

6/22/2026

 

876

 

876

 

 

7,780

7,734

FIRE: Finance

 

  

 

  

 

  

 

  

 

  

Harbour Benefit Holdings, Inc.

 

L+

5.25

%  

6.25

%  

12/13/2024

 

2,948

 

2,932

Harbour Benefit Holdings, Inc.

 

L+

5.25

%  

6.25

%  

12/13/2024

 

66

 

65

Minotaur Acquisition, Inc. (e)

 

L+

4.75

%  

4.85

%  

3/27/2026

 

4,912

 

4,894

 

 

7,926

7,891

FIRE: Real Estate

 

  

 

  

 

  

 

  

 

  

Avison Young (USA) Inc. (c)

 

L+

5.75

%  

5.97

%  

1/30/2026

 

4,850

 

4,824

 

 

4,850

4,824

Healthcare & Pharmaceuticals

 

  

 

  

 

  

 

  

 

  

Cano Health, LLC (e)

 

SF+

4.00

%  

4.51

%  

11/23/2027

 

1,995

 

1,997

LSCS Holdings, Inc. (e)

 

L+

4.50

%  

5.00

%  

12/15/2028

 

1,846

 

1,849

Radiology Partners, Inc.

 

L+

4.25

%  

4.35

%  

7/9/2025

 

4,760

 

4,700

TEAM Public Choices, LLC (e)

 

L+

5.00

%  

6.00

%  

12/17/2027

 

2,992

 

2,985

 

 

11,593

11,531

High Tech Industries

 

  

 

  

 

  

 

  

 

  

Corel Inc. (c)

 

L+

5.00

%  

5.18

%  

7/2/2026

 

3,800

 

3,797

Lightbox Intermediate, L.P.

 

L+

5.00

%  

5.13

%  

5/11/2026

 

4,875

 

4,814

LW Buyer, LLC

 

L+

5.00

%  

5.14

%  

12/30/2024

 

4,875

 

4,863

TGG TS Acquisition Company

 

L+

6.50

%  

6.60

%  

12/12/2025

 

3,435

 

3,446

 

 

16,985

16,920

91

Table of Contents

MRCC SENIOR LOAN FUND I, LLC

CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)

December 31, 2021

(in thousands)

    

Spread

    

    

    

    

    

Above

Portfolio Company (a)

Index (b)

Interest Rate (b)

Maturity

Principal

Fair Value

Hotels, Gaming & Leisure

Excel Fitness Holdings, Inc.

L+

5.25

%  

6.25

%  

10/7/2025

4,165

$

4,155

North Haven Spartan US Holdco, LLC

 

L+

5.00

%  

6.00

%  

6/6/2025

 

2,297

 

2,037

Tait LLC

 

L+

5.00

%  

5.14

%  

3/28/2025

 

4,125

 

3,785

Tait LLC (Revolver)

 

P+

4.00

%  

7.25

%  

3/28/2025

 

769

 

728

 

 

11,356

10,705

Media: Advertising, Printing & Publishing

 

  

 

  

 

  

 

  

 

  

Cadent, LLC

 

L+

5.00

%  

6.00

%  

9/11/2023

 

4,339

 

4,296

Cadent, LLC (Revolver) (d)

 

L+

5.00

%  

6.00

%  

9/11/2023

 

167

 

 

 

4,506

4,296

Media: Diversified & Production

 

  

 

  

 

  

 

  

 

  

Research Now Group, Inc. and Survey Sampling International, LLC

 

L+

5.50

%  

6.50

%  

12/20/2024

 

6,720

 

6,645

STATS Intermediate Holdings, LLC

 

L+

5.25

%  

5.41

%  

7/10/2026

 

4,900

 

4,897

The Octave Music Group, Inc.

 

L+

6.00

%  

7.00

%  

5/29/2025

 

3,866

 

3,871

 

 

15,486

15,413

Services: Business

 

  

 

  

 

  

 

  

 

  

AQ Carver Buyer, Inc.

 

L+

5.00

%  

6.00

%  

9/23/2025

 

4,888

 

4,900

CHA Holdings, Inc

 

L+

4.50

%  

5.50

%  

4/10/2025

 

1,980

 

1,901

CHA Holdings, Inc

 

L+

4.50

%  

5.50

%  

4/10/2025

 

418

 

401

Eliassen Group LLC

 

L+

4.25

%  

4.35

%  

11/5/2024

 

3,956

 

3,956

7.00

% Cash/

Engage2Excel, Inc.

 

L+

8.00

%  

2.00

% PIK

3/7/2023

 

4,326

 

4,329

7.00

% Cash/

Engage2Excel, Inc.

 

L+

8.00

%  

2.00

% PIK

3/7/2023

 

781

 

781

7.00

% Cash/

Engage2Excel, Inc. (Revolver) (d)

 

L+

8.00

%  

2.00

% PIK

3/7/2023

 

555

 

541

Orbit Purchaser LLC

 

L+

4.50

%  

5.50

%  

10/21/2024

 

2,431

 

2,425

Orbit Purchaser LLC

 

L+

4.50

%  

5.50

%  

10/21/2024

 

1,877

 

1,873

Orbit Purchaser LLC

 

L+

4.50

%  

5.50

%  

10/21/2024

 

549

 

548

Output Services Group, Inc.

 

L+

4.50

%  

5.50

%  

3/27/2024

 

4,815

 

4,145

Secretariat Advisors LLC (e)

 

L+

4.75

%  

5.50

%  

12/29/2028

 

1,710

 

1,693

Secretariat Advisors LLC (d) (e)

 

L+

4.75

%  

5.50

%  

12/29/2028

 

270

 

SIRVA Worldwide Inc.

 

L+

5.50

%  

5.60

%  

8/4/2025

 

1,850

 

1,683

Teneo Holdings LLC

 

L+

5.25

%  

6.25

%  

7/11/2025

 

4,888

 

4,908

The Kleinfelder Group, Inc.

 

L+

5.25

%  

6.25

%  

11/29/2024

 

2,387

 

2,387

 

 

37,681

36,471

Services: Consumer

 

  

 

  

 

  

 

  

 

  

360Holdco, Inc.

 

L+

4.75

%  

5.75

%  

8/2/2025

 

2,168

 

2,161

360Holdco, Inc. (Delayed Draw) (d)

 

L+

4.75

%  

5.75

%  

8/2/2025

 

827

 

Laseraway Intermediate Holdings II, LLC

 

L+

5.75

%  

6.50

%  

10/14/2027

 

2,222

 

2,214

 

 

5,217

4,375

Telecommunications

 

  

 

  

 

  

 

  

 

  

Intermedia Holdings, Inc.

 

L+

6.00

%  

7.00

%  

7/21/2025

 

1,778

 

1,770

Mavenir Systems, Inc.

 

L+

4.75

%  

5.25

%  

8/18/2028

 

1,667

 

1,669

Sandvine Corporation

 

L+

4.50

%  

4.60

%  

10/31/2025

 

2,000

 

1,999

 

 

5,445

5,438

Transportation: Cargo

 

  

 

  

 

  

 

  

 

  

Keystone Purchaser, LLC (e)

 

L+

6.25

%  

7.25

%  

5/7/2027

 

3,000

 

2,947

 

 

3,000

2,947

Utilities: Oil & Gas

 

  

 

  

 

  

 

  

 

  

NGS US Finco, LLC

 

L+

4.25

%  

5.25

%  

10/1/2025

 

1,695

 

1,644

NGS US Finco, LLC

 

L+

5.25

%  

6.25

%  

10/1/2025

 

248

 

244

 

 

1,943

1,888

Wholesale

 

  

 

  

 

  

 

  

 

  

BMC Acquisition, Inc.

 

L+

5.25

%  

6.25

%  

12/30/2024

 

4,486

 

4,469

HALO Buyer, Inc.

 

L+

4.50

%  

5.50

%  

6/30/2025

 

4,824

 

4,547

 

 

9,310

9,016

TOTAL INVESTMENTS

 

  

 

  

 

  

$

189,109

92

Table of Contents

MRCC SENIOR LOAN FUND I, LLC

CONSOLIDATED SCHEDULE OF INVESTMENTS - (continued)

December 31, 2021

(in thousands)

(a)All investments are U.S. companies unless otherwise noted.
(b)The majority of investments bear interest at a rate that may be determined by reference to the London Interbank Offered Rate (“LIBOR” or “L”), Secured Overnight Financing Rate (“SOFR” or “SF”) or Prime (“P”) which reset daily, monthly, quarterly or semiannually. We have provided the spread over LIBOR, SOFR or Prime and the current contractual rate of interest in effect at December 31, 2021. Certain investments may be subject to a LIBOR, SOFR or Prime interest rate floor or cap.
(c)This is an international company.
(d)All or a portion of this commitment was unfunded as of December 31, 2021. As such, interest is earned only on the funded portion of this commitment. Principal reflects the commitment outstanding.
(e)Investment position or portion thereof unsettled at December 31, 2021.
(f)This position was on non-accrual status as of December 31, 2021, meaning that we have ceased accruing interest income on the position.

93

Table of Contents

Below is certain summarized financial information for SLF as of September 30, 2022 and December 31, 2021 and for the three and nine months ended September 30, 2022 and 2021 (in thousands):

    

September 30, 2022

    

December 31, 2021

(unaudited)

Assets

 

  

 

  

Investments, at fair value

$

192,121

$

189,109

Cash

 

1,289

 

40

Restricted cash

 

6,828

 

4,862

Interest receivable

 

1,327

 

600

Other assets

 

43

 

12

Total assets

$

201,608

$

194,623

Liabilities

 

 

  

Revolving credit facility

$

129,265

$

94,765

Less: Unamortized deferred financing costs

 

(1,720)

 

(2,319)

Total debt, less unamortized deferred financing costs

 

127,545

 

92,446

Payable for open trades

 

 

19,367

Interest payable

 

586

 

242

Accounts payable and accrued expenses

 

388

 

318

Total liabilities

 

128,519

 

112,373

Members’ capital

 

73,089

 

82,250

Total liabilities and members’ capital

$

201,608

$

194,623

    

Three months ended September 30,

    

Nine months ended September 30,

2022

    

2021

2022

    

2021

(unaudited)

(unaudited)

Investment income:

 

  

 

  

 

  

 

  

Interest income

$

4,075

$

3,250

$

10,593

$

9,913

Total investment income

 

4,075

 

3,250

 

10,593

 

9,913

Expenses:

 

 

  

 

 

  

Interest and other debt financing expenses

 

1,669

 

972

 

3,866

 

2,975

Professional fees

 

203

 

158

 

580

 

490

Total expenses

 

1,872

 

1,130

 

4,446

 

3,465

Net investment income (loss)

 

2,203

 

2,120

 

6,147

 

6,448

Net gain (loss):

 

 

  

 

 

  

Net change in unrealized gain (loss)

 

(2,416)

 

(177)

 

(10,909)

 

4,247

Net gain (loss)

 

(2,416)

 

(177)

 

(10,909)

 

4,247

Net increase (decrease) in members’ capital

$

(213)

$

1,943

$

(4,762)

$

10,695

Related Party Transactions

We have a number of business relationships with affiliated or related parties, including the following:

We have an Investment Advisory Agreement with MC Advisors, an investment advisor registered with the SEC, to manage our investing activities. We pay MC Advisors a fee for its services under the Investment Advisory Agreement consisting of two components - a base management fee and an incentive fee. See Note 6 to our consolidated financial statements and “Significant Accounting Estimates and Critical Accounting Policies - Capital Gains Incentive Fee” for additional information.
We have an Administration Agreement with MC Management to provide us with the office facilities and administrative services necessary to conduct our day-to-day operations. See Note 6 to our consolidated financial statements for additional information.

94

Table of Contents

SLF has an administration agreement with MC Management to provide SLF with certain loan servicing and administrative functions. SLF may reimburse MC Management for its allocable share of overhead and other expenses incurred by MC Management. See Note 3 to our consolidated financial statements and “Liquidity and Capital Resources - MRCC Senior Loan Fund I, LLC” for additional information.
Theodore L. Koenig, our Chief Executive Officer and Chairman of our Board is also a manager of MC Advisors and the President and Chief Executive Officer of MC Management. Lewis W. Solimene, Jr., our Chief Financial Officer and Chief Investment Officer and is also a managing director of MC Management.
We have a license agreement with Monroe Capital LLC, under which Monroe Capital LLC has agreed to grant us a non-exclusive, royalty-free license to use the name “Monroe Capital” for specified purposes in our business.

In addition, we have adopted a formal code of ethics that governs the conduct of MC Advisors’ officers, directors and employees. Our officers and directors also remain subject to the duties imposed by both the 1940 Act and Maryland General Corporation Law.

Commitments and Contingencies and Off-Balance Sheet Arrangements

Commitments and Contingencies

As of September 30, 2022 and December 31, 2021, we had outstanding commitments to fund investments under undrawn revolvers, delayed draw commitments and subscription agreements, excluding unfunded commitments in SLF, totaling $65.5 million and $55.5 million, respectively. As of September 30, 2022 and December 31, 2021, we had unfunded commitments to SLF of $7.3 million and $7.8 million, respectively, that may be contributed primarily for the purpose of funding new investments approved by the SLF investment committee. Drawdowns of the commitments to SLF require authorization from one of our representatives on SLF’s board of managers. Additionally, we have entered into certain contracts with other parties that contain a variety of indemnifications. Our maximum exposure under these arrangements is unknown. However, we have not experienced claims or losses pursuant to these contracts and believe the risk of loss related to such indemnifications to be remote.

Off-Balance Sheet Arrangements

Other than contractual commitments and other legal contingencies incurred in the normal course of our business, we do not have any off-balance sheet financings or liabilities.

Market Trends

We have identified the following general trends that may affect our business:

Target Market: We believe that small and middle-market companies in the United States with annual revenues between $10.0 million and $2.5 billion represent a significant growth segment of the U.S. economy and often require substantial capital investments to grow. Middle-market companies have generated a significant number of investment opportunities for investment funds managed or advised by Monroe Capital, and we believe that this market segment will continue to produce significant investment opportunities for us.

Specialized Lending Requirements: We believe that several factors render many U.S. financial institutions ill-suited to lend to U.S. middle-market companies. For example, based on the experience of our management team, lending to U.S. middle-market companies (1) is generally more labor intensive than lending to larger companies due to the smaller size of each investment and the fragmented nature of information for such companies, (2) requires due diligence and underwriting practices consistent with the demands and economic limitations of the middle-market and (3) may also require more extensive ongoing monitoring by the lender.

Demand for Debt Capital: We believe there is a large pool of uninvested private equity capital for middle-market companies. We expect private equity firms will seek to leverage their investments by combining equity capital with senior secured loans and mezzanine debt from other sources, such as us.

95

Table of Contents

Competition from Other Lenders: We believe that many traditional bank lenders, in recent years, de-emphasized their service and product offerings to middle-market businesses in favor of lending to large corporate clients and managing capital market transactions. In addition, many commercial banks face significant balance sheet constraints as they seek to build capital and meet future regulatory capital requirements. These factors may result in opportunities for alternative funding sources to middle-market companies and therefore drive increased new investment opportunities for us. Conversely, there has been a significant amount of capital raised over the past several years dedicated to middle market lending which has increased competitive pressure in the BDC and investment company marketplace for senior and subordinated debt, which in turn could result in lower yields and weaker financial covenants for new assets.

Pricing and Deal Structures: We believe that the volatility in global markets over the last several years and current macroeconomic issues including changes in bank regulations for middle-market banks has reduced access to, and availability of, debt capital to middle-market companies, causing a reduction in competition and generally more favorable capital structures and deal terms. Sizable recent capital raises in the private debt marketplace have created significantly increased competition over the last few years, reducing available pricing and creating less favorable capital structures; however, we believe that current market conditions for our target market may continue to create favorable opportunities to invest at attractive risk-adjusted returns.

Market Environment: We believe middle market investments are attractive in uncertain market environments such as the current market environment following the COVID-19 outbreak that began in late 2019 and early 2020, and that these investments have historically generated considerable yield premia with more favorable capital structures for lenders when compared to the market for large corporate loans.(1) On the other hand, we believe that the increased competition for direct lending to middle market businesses could result in less favorable pricing terms for our potential investments. If pricing, terms and structures weaken, we would expect to experience decreased net interest income, lower yields and increased risk of credit loss. However, we believe that Monroe Capital’s scale, product suite, entrenched relationships and strong market position will continue to allow us to find investment opportunities with attractive risk-adjusted returns.

(1)Standard & Poor’s “LCD Middle Market Review Q4 2021” – New-issue first-lien yield-to-maturity. Middle Market loans have, on average, generated higher yields in comparison to large corporate loans based on data starting in the fourth quarter of 2005.

96

Table of Contents

Significant Accounting Estimates and Critical Accounting Policies

Revenue Recognition

We record interest and fee income on an accrual basis to the extent that we expect to collect such amounts. For loans and debt securities with contractual PIK interest, we do not accrue PIK interest if the portfolio company valuation indicates that such PIK interest is not collectible. We do not accrue as a receivable interest on loans and debt securities if we have reason to doubt our ability to collect such interest. Loan origination fees, original issue discount and market discount or premium are capitalized, and then we amortize such amounts using the effective interest method as interest income over the life of the investment. Upon the prepayment of a loan or debt security, any unamortized premium or discount or loan origination fees are recorded as interest income. We record prepayment premiums on loans and debt securities as interest income when we receive such amounts. Interest income is accrued based upon the outstanding principal amount and contractual terms of debt and preferred equity investments. Interest is accrued on a daily basis. We record fees on loans based on the determination of whether the fee is considered a yield enhancement or payment for a service. If the fee is considered a yield enhancement associated with a funding of cash on a loan, the fee is generally deferred and recognized into interest income using the effective interest method if captured in the cost basis or using the straight-line method if the loan is unfunded and therefore there is no cost basis. If the fee is not considered a yield enhancement because a service was provided, and the fee is payment for that service, the fee is deemed earned and recognized as fee income in the period the service has been completed.

Dividend income on preferred equity securities is recorded as dividend income on an accrual basis to the extent that such amounts are payable by the portfolio company and are expected to be collected. Dividend income on common equity securities is recorded on the record date for private portfolio companies. Each distribution received from LLC and LP investments is evaluated to determine if the distribution should be recorded as dividend income or a return of capital. Generally, we will not record distributions from equity investments in LLCs and LPs as dividend income unless there are sufficient accumulated tax-basis earnings and profits in the LLC or LP prior to the distribution. Distributions that are classified as a return of capital are recorded as a reduction in the cost basis of the investment.

Valuation of Portfolio Investments

For periods prior to September 30, 2022, the Board determined the fair value of our investments. Pursuant to the new SEC Rule 2a-5 under the 1940 Act, on September 30, 2022 the Board designated MC Advisors as our valuation designee (the “Valuation Designee”). The Board is responsible for oversight of the Valuation Designee. The Valuation Designee has established a valuation committee to determine in good faith the fair value of our investments, based on input of the Valuation Designee’s management and personnel and independent valuation firms which are engaged at the direction of the valuation committee to assist in the valuation of certain portfolio investments lacking a readily available market quotation. The valuation committee determines fair values pursuant to a valuation policy approved by the Board and pursuant to a consistently applied valuation process.

Under the valuation policy, we value investments for which market quotations are readily available and within a recent date at such market quotations. When doing so, we determine whether the quote obtained is sufficient in accordance with generally accepted accounting principles in the United States of America to determine the fair value of the security. Debt and equity securities that are not publicly traded or whose market prices are not readily available or whose market prices are not regularly updated are valued at fair value as determined in good faith by the Valuation Designee. Because we expect that there will not be a readily available market for many of the investments in our portfolio, we expect to value many of our portfolio investments at fair value as determined in good faith by our Valuation Designee using a documented valuation policy and a consistently applied valuation process. Such determination of fair values may involve subjective judgments and estimates. Due to the inherent uncertainty of determining the fair value of investments that do not have a readily available market value, the fair value of our investments may differ significantly from the values that would have been used had a readily available market value existed for such investments, and the differences could be material. If we were required to liquidate a portfolio investment in a forced or liquidation sale, we could realize amounts that are different from the amounts presented and such differences could be material.

With respect to investments for which market quotations are not readily available, the Valuation Designee undertakes a multi-step valuation process each quarter, as described below:

the quarterly valuation process begins with each portfolio company or investment being initially evaluated and rated by the investment professionals of the Valuation Designee responsible for the credit monitoring of the portfolio investment;

97

Table of Contents

our Valuation Designee engages an independent valuation firm to conduct independent appraisals of a selection of investments for which market quotations are not readily available. We will consult with an independent valuation firm relative to each portfolio company at least once in every calendar year, but the independent appraisals are generally received quarterly for each investment;
to the extent an independent valuation firm is not engaged to conduct an investment appraisal on an investment for which market quotations are not readily available, the investment will be valued by the Valuation Designee;
preliminary valuation conclusions are then documented and discussed with the valuation committee of the Valuation Designee;
the valuation conclusions are approved by the valuation committee of the Valuation Designee; and
a report prepared by the Valuation Designee is presented to the Board quarterly to allow the Board to perform its oversight duties of the valuation process and the Valuation Designee.

We generally use the income approach to determine fair value for loans where market quotations are not readily available, as long as it is appropriate. If there is deterioration in credit quality or a debt investment is in workout status, we may consider other factors in determining the fair value, including the value attributable to the debt investment from the enterprise value of the portfolio company or the proceeds that would be received in a liquidation analysis. This liquidation analysis may also include probability weighting of alternative outcomes. We generally consider our debt to be performing if the borrower is not in default, the borrower is remitting payments in a timely manner, the loan is in covenant compliance and the loan is otherwise not deemed to be impaired. In determining the fair value of the performing debt, we consider fluctuations in current interest rates, the trends in yields of debt instruments with similar credit ratings, financial condition of the borrower, economic conditions and other relevant factors, both qualitative and quantitative. In the event that a debt instrument is not performing, as defined above, we will evaluate the value of the collateral utilizing the same framework described above for a performing loan to determine the value of the debt instrument.

Under the income approach, discounted cash flow models are utilized to determine the present value of the future cash flow streams of our debt investments, based on future interest and principal payments as set forth in the associated loan agreements. In determining fair value under the income approach, we also consider the following factors: applicable market yields and leverage levels, credit quality, prepayment penalties, the nature and realizable value of any collateral, the portfolio company’s ability to make payments, and changes in the interest rate environment and the credit markets that generally may affect the price at which similar investments may be made.

Under the market approach, the enterprise value methodology is typically utilized to determine the fair value of an investment. There is no one methodology to estimate enterprise value and, in fact, for any one portfolio company, enterprise value is generally best expressed as a range of values, from which we derive a single estimate of enterprise value. In estimating the enterprise value of a portfolio company, we analyze various factors consistent with industry practice, including but not limited to original transaction multiples, the portfolio company’s historical and projected financial results, applicable market trading and transaction comparables, applicable market yields and leverage levels, the nature and realizable value of any collateral, the markets in which the portfolio company does business, and comparisons of financial ratios of peer companies that are public. Typically, the enterprise values of private companies are based on multiples of earnings before interest, income taxes, depreciation and amortization (“EBITDA”), cash flows, net income, revenues, or in limited cases, book value.

In addition, for certain debt investments, we may base our valuation on indicative bid and ask prices provided by an independent third-party pricing service. Bid prices reflect the highest price that we and others may be willing to pay. Ask prices represent the lowest price that we and others may be willing to accept. We generally use the midpoint of the bid/ask range as our best estimate of fair value of such investment.

As of September 30, 2022, our Valuation Designee determined, in good faith, the fair value of our investment portfolio in accordance with GAAP and our valuation procedures based on the facts and circumstances known by us at that time, or reasonably expected to be known at that time.

98

Table of Contents

Net Realized Gain or Loss and Net Change in Unrealized Gain or Loss

We measure realized gain or loss by the difference between the net proceeds from the sale and the amortized cost basis of the investment, without regard to unrealized gain or loss previously recognized. Net change in unrealized gain or loss reflects the change in portfolio investment values during the reporting period, including any reversal of previously recorded unrealized gain or loss, when gain or loss is realized. Additionally, we do not isolate the portion of the change in fair value resulting from foreign currency exchange rate fluctuations from the changes in fair values of the underlying investment. All fluctuations in fair value are included in net change in unrealized gain (loss) on our consolidated statements of operations. The impact resulting from changes in foreign exchange rates on the revolving credit facility borrowings is included in net change in unrealized gain (loss) on foreign currency and other transactions.

Capital Gains Incentive Fee

Pursuant to the terms of the Investment Advisory Agreement with MC Advisors, the incentive fee on capital gains earned on liquidated investments of our portfolio is determined and payable in arrears as of the end of each calendar year (or upon termination of the Investment Advisory Agreement). This fee equals 20% of our incentive fee capital gains (i.e., our realized capital gains on a cumulative basis from inception, calculated as of the end of the applicable period, net of all realized capital losses and unrealized capital depreciation on a cumulative basis), less the aggregate amount of any previously paid capital gains incentive fees. On a quarterly basis, we accrue for the capital gains incentive fee by calculating such fee as if it were due and payable as of the end of such period.

While the Investment Advisory Agreement with MC Advisors neither includes nor contemplates the inclusion of unrealized gains in the calculation of the capital gains incentive fee, pursuant to an interpretation of an American Institute for Certified Public Accountants Technical Practice Aid for investment companies, we include unrealized gains in the calculation of the capital gains incentive fee expense and related accrued capital gains incentive fee. This accrual reflects the incentive fees that would be payable to MC Advisors if our entire portfolio was liquidated at its fair value as of the balance sheet date even though MC Advisors is not entitled to an incentive fee with respect to unrealized gains unless and until such gains are actually realized.

During the three and nine months ended September 30, 2022 and 2021, we did not have any further reductions in accrued capital gains incentive fees as they were already at zero, primarily as a result of accumulated realized and unrealized losses on the portfolio.

New Accounting Pronouncements

In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (“ASU 2020-04”). The amendments in ASU 2020-04 provide optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The standard is effective as of March 12, 2020 through December 31, 2024. We did not utilize the optional expedients and exceptions provided by ASU 2020-04 during the nine months ended September 30, 2022.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

We are subject to financial market risks, including valuation risk, interest rate risk, currency risk and inflation and supply chain risk. Uncertainty with respect to the economic effects of the COVID-19 outbreak and the Russian invasion of Ukraine have introduced significant volatility in the financial markets, and the effects of this volatility could materially impact our market risks. For additional information concerning the COVID-19 pandemic and the Russian invasion of Ukraine and their potential impact on our business and our operating results, see Part II – Other Information, Item 1A. Risk Factors, “Risks Relating to Our Business and Structure – The COVID-19 pandemic has caused severe disruptions in the global economy, which has had, and may continue to have, a negative impact on our portfolio companies and our business and operations” and “The Russian invasion of Ukraine may have a material adverse impact on us and our portfolio companies.”

99

Table of Contents

Valuation Risk

Our investments may not have readily available market quotations (as such term is defined in Rule 2a-5), and those investments which do not have readily available market quotations are valued at fair value as determined in good faith by our Valuation Designee in accordance with our valuation policy. There is no single standard for determining fair value in good faith. As a result, determining fair value requires that judgment be applied to the specific facts and circumstances of each portfolio investment while employing a consistently applied valuation process for the types of investments we make. Due to the inherent uncertainty of determining the fair value of investments that do not have a readily available market value, the fair value of our investments may fluctuate from period to period, including as a result of the impact of the COVID-19 pandemic on the economy and financial and capital markets. Because of the inherent uncertainty of valuation, these estimated values may differ significantly from the values that would have been used had a ready market for the investments existed, and it is possible that the difference could be material.

In accordance with Rule 2a-5, our Board periodically assesses and manages material risks associated with the determination of the fair value of our investments.

Interest Rate Risk

The majority of the loans in our portfolio have floating interest rates, and we expect that our loans in the future may also have floating interest rates. These loans are usually based on a floating LIBOR or SOFR and typically have interest rate re-set provisions that adjust applicable interest rates under such loans to current market rates on a monthly or quarterly basis. The majority of the loans in our current portfolio have interest rate floors which will effectively convert the loans to fixed rate loans in the event interest rates decrease. In addition, our revolving credit facility has a floating interest rate provision, whereas our 2026 Notes have fixed interest rates until maturity. We expect that other credit facilities into which we may enter in the future may also have floating interest rate provisions.

Assuming that the consolidated statement of assets and liabilities as of September 30, 2022 was to remain constant and that we took no actions to alter our existing interest rate sensitivity, the following table shows the annualized impact of hypothetical base rate changes in interest rates (in thousands):

    

Increase

    

Increase

    

Net increase

(decrease) in

(decrease) in

(decrease) in net

Change in Interest Rates

interest income

interest expense

investment income

Down 25 basis points

$

(1,031)

$

(428)

$

(603)

Up 100 basis points

 

4,494

 

1,940

 

2,554

Up 200 basis points

 

8,635

 

3,652

 

4,983

Up 300 basis points

 

12,775

 

5,364

 

7,411

Although we believe that this analysis is indicative of our existing sensitivity to interest rate changes, it does not adjust for changes in the credit market, credit quality, the size and composition of the assets in our portfolio and other business developments, including borrowing under the credit facility or other borrowings that could affect net increase in net assets resulting from operations, or net income. Accordingly, we can offer no assurances that actual results would not differ materially from the analysis above.

We may in the future hedge against interest rate fluctuations by using standard hedging instruments such as futures, options and forward contracts to the extent permitted under the 1940 Act and applicable commodities laws. While hedging activities may insulate us against adverse changes in interest rates, they may also limit our ability to participate in the benefits of lower interest rates with respect to the investments in our portfolio with fixed interest rates or interest rate floors.

Currency Risk

We may also have exposure to foreign currencies (currently the Australian dollar) related to certain investments. Such investments are translated into U.S. dollars based on the spot rate at each balance sheet date, exposing us to movements in the exchange rate. In order to reduce our exposure to fluctuations in exchange rates, we may borrow in foreign currency under our revolving credit facility to finance such investments or we may enter into foreign currency forward contracts. As of September 30, 2022, we had foreign currency forward contracts in place for AUD 17.9 million associated with future principal and interest payments on certain investments.

100

Table of Contents

Inflation and Supply Chain Risk

Economic activity has continued to accelerate across sectors and regions. Nevertheless, due to global supply chain issues,geopolitical events, a rise in energy prices and strong consumer demand as economies continue to reopen, inflation is showing signs of acceleration in the U.S. and globally. Inflation is likely to continue in the near to medium-term, particularly in the U.S., with the possibility that monetary policy may tighten in response. Persistent inflationary pressures could affect our portfolio companies’ profit margins.

ITEM 4. CONTROLS AND PROCEDURES

In accordance with Rules 13a-15(b) and 15d-15(b) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), we, under the supervision and with the participation of our Chief Executive Officer and Chief Financial Officer, carried out an evaluation of the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) and Rule 15d-15(e) of the Exchange Act). Based on that evaluation, our management, including the Chief Executive Officer and Chief Financial Officer, concluded that, at the end of the period covered by our Quarterly Report on Form 10-Q, our disclosure controls and procedures were effective and provided reasonable assurance that information required to be disclosed in our periodic SEC filings is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure. Notwithstanding the foregoing, a control system, no matter how well designed and operated, can provide only reasonable, not absolute, assurance that it will detect or uncover failures within the Company to disclose material information otherwise required to be set forth in the Company’s periodic reports.

No change occurred in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) of the Exchange Act) during the three months ended September 30, 2022 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

PART II

OTHER INFORMATION

Item 1. Legal Proceedings

Neither we, our subsidiaries nor our investment adviser are currently subject to any material legal proceedings.

Item 1A. Risk Factors

In addition to the other information set forth in this report, you should carefully consider the risk factors disclosed in our Annual Report on Form 10-K for the year ended December 31, 2021 filed with the SEC on March 2, 2022, which could materially affect our business, financial condition and/or operating results. The risks described in our Annual Report on Form 10-K are not the only risks facing us. 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. Other than as set forth below, there have been no material changes to the risk factors discussed in Item 1A. Risk Factors in our Annual Report on Form 10-K for the year ended December 31, 2021.

The Russian invasion of Ukraine may have a material adverse impact on us and our portfolio companies.

On February 24, 2022, the President of Russia, Vladimir Putin, announced a military invasion of Ukraine. In response, countries worldwide, including the United States, have imposed sanctions against Russia on certain businesses and individuals, including, but not limited to, those in the banking, import and export sectors. This invasion has led, is currently leading, and for an unknown period of time will continue to lead to disruptions in local, regional, national, and global markets and economies affected thereby. These disruptions caused by the invasion have included, and may continue to include, political, social, and economic disruptions and uncertainties that may affect our business operations or the business operations of our portfolio companies.

101

Table of Contents

The 1940 Act allows us to incur additional leverage, which could increase the risk of investing in us.

The 1940 Act generally prohibits us from incurring indebtedness unless immediately after such borrowing we have an asset coverage for total borrowings of at least 200% (i.e., the amount of debt may not exceed half of the value of our total assets). However, under the Small Business Credit Availability Act (the “SBCAA”), which became law in March 2018, BDCs have the ability to elect to become subject to a lower asset coverage requirement of 150% (i.e., the amount of debt may not exceed two-thirds of the value of our total assets), subject to the receipt of the requisite board or stockholder approvals under the SBCAA and satisfaction of certain other conditions.

On June 20, 2018, our stockholders approved the application of the modified asset coverage requirements, as approved by our board of directors on March 27, 2018, and we became subject to the 150% minimum asset coverage ratio, effective June 21, 2018.

Leverage is generally considered a speculative investment technique and may increase the risk of investing in our securities. Leverage magnifies the potential for loss on investments in our indebtedness and on invested equity capital. As we use leverage to partially finance our investments, you will experience increased risks of investing in our securities. If the value of our assets increases, then leveraging would cause the net asset value attributable to our common stock to increase more sharply than it would have had we not leveraged. Conversely, if the value of our assets decreases, leveraging would cause net asset value to decline more sharply than it otherwise would have had we not leveraged our business. Similarly, any increase in our income in excess of interest payable on the borrowed funds would cause our net investment income to increase more than it would without the leverage, while any decrease in our income would cause net investment income to decline more sharply than it would have had we not borrowed. Such a decline could negatively affect our ability to pay distributions, scheduled debt payments or other payments related to our securities. The effects of leverage would cause any decrease in net asset value for any losses to be greater than any increase in net asset value for any corresponding gains. If we incur additional leverage, you will experience increased risks of investing in our common stock.

We maintain a revolving credit facility and use other borrowed funds to make investments or fund our business operations, which exposes us to risks typically associated with leverage and increases the risk of investing in us.

We maintain a revolving credit facility, have issued debt securities and may borrow money, including through the issuance of additional debt securities or preferred stock, to leverage our capital structure, which is generally considered a speculative investment technique. As a result:

our common stock is exposed to an increased risk of loss because a decrease in the value of our investments would have a greater negative impact on the value of our common stock than if we did not use leverage;
if we do not appropriately match the assets and liabilities of our business, adverse changes in interest rates could reduce or eliminate the incremental income we make with the proceeds of any leverage;
our ability to pay distributions on our common stock may be restricted if our asset coverage ratio, as provided in the 1940 Act, is not at least 150% and any amounts used to service indebtedness or preferred stock would not be available for such distributions;
any credit facility is subject to periodic renewal by its lenders, whose continued participation cannot be guaranteed;
our revolving credit facility with ING Capital LLC, as agent, is, and any other credit facility we may enter into would be, subject to various financial and operating covenants, including that our portfolio of investments satisfies certain eligibility and concentration limits as well as valuation methodologies;
such securities would be governed by an indenture or other instrument containing covenants restricting our operating flexibility;
we bear the cost of issuing and paying interest or distributions on such securities, which costs are entirely borne by our common stockholders; and

102

Table of Contents

any convertible or exchangeable securities that we issue may have rights, preferences and privileges more favorable than those of our common stock.

The following table illustrates the effect of leverage on returns from an investment in our common stock assuming various annual returns, net of expenses. The calculations in the table below are hypothetical and actual returns may be higher or lower than those appearing in the table below.

    

Assumed Return on Our Portfolio

(Net of Expenses) (1)

 

10%

5%

0%

5%

10%

Corresponding return to common stockholder (2)(3)

 

‑28.81

%  

‑16.98

%  

‑5.15

%  

6.69

%  

18.52

%

(1)The assumed return on our portfolio is required by regulation of the SEC to assist investors in understanding the effects of leverage and is not a prediction of, and does not represent, our projected or actual performance.
(2)Assumes $590.5 million in total assets, $341.0 million in debt outstanding, of which $281.0 million is senior securities outstanding, $249.5 million in net assets and an average cost of funds of 3.77%, which was the weighted average interest rate of borrowing on our revolving credit facility, SBA debentures and 2026 Notes as of December 31, 2021. The interest rate on our revolving credit facility is a variable rate. Actual interest payments may be different.
(3)In order for us to cover our annual interest payments on indebtedness, we must achieve annual returns on our December 31, 2021 total portfolio assets of at least 2.17%.

We are subject to risks associated with our revolving credit facility and the terms of our revolving credit facility may contractually limit our ability to incur additional indebtedness.

Our revolving credit facility, as amended, imposes certain conditions that may limit the amount of our distributions to stockholders. Distributions payable in our common stock under our dividend reinvestment plan are not limited by the revolving credit facility. Distributions in cash or property other than our common stock are generally limited to 115% of the amount of distributions required to maintain our ability to be subject to taxation as a RIC. We are required under the revolving credit facility to maintain our ability to be subject to taxation as a RIC.

The revolving credit facility requires us to comply with certain financial and operational covenants, including asset coverage ratios and a minimum net worth. For example, the revolving credit facility requires that we maintain an asset coverage ratio of at least 1.5 to 1 and a senior debt coverage ratio of at least 2 to 1 at all times. We may divert cash to pay the lenders in amounts sufficient to cause these tests to be satisfied. Our compliance with these covenants depends on many factors, some of which, such as market conditions, are beyond our control.

Our ability to sell our investments is also limited under the revolving credit facility. Under the revolving credit facility, the sale of any portfolio investment may not cause our covered debt amount to exceed our borrowing base. As a result, there may be times or circumstances during which we are unable to sell investments, pay distributions or take other actions that might be in our best interests.

Availability of borrowings under the revolving credit facility is linked to the valuation of the collateral pursuant to a borrowing base mechanism. As such, declines in the fair market value of our investments which are collateral to the revolving credit facility may reduce availability under our revolving credit facility.

103

Table of Contents

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

None.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

None.

Item 5. Other Information

None.

104

Table of Contents

Item 6. Exhibits

Exhibit

 

 

Number

 

Description of Document

 

 

 

3.1

 

Amended and Restated Articles of Incorporation of Monroe Capital Corporation (Incorporated by reference to Exhibit (a)(1) of the Registrant’s Pre-Effective Amendment No. 8 to the Registration Statement on Form N-2 (File No. 333-172601) filed on October 18, 2012)

 

 

 

3.2

 

Bylaws of Monroe Capital Corporation (Incorporated by reference to Exhibit (b)(1) of the Registrant’s Pre-Effective Amendment No. 8 to the Registration Statement on Form N-2 (File No. 333-172601) filed on October 18, 2012)

 

 

 

31.1

 

Certification of Chief Executive Officer pursuant to Rule 13a-14 of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith)

 

 

 

31.2

 

Certification of Chief Financial Officer pursuant to Rule 13a-14 of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (filed herewith)

 

 

 

32.1

 

Certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (filed herewith)

101.INS

Inline XBRL Instance Document

101.SCH

Inline XBRL Taxonomy Extension Schema Document

101.DEF

Inline XBRL Taxonomy Extension Definition Linkbase Document

101.LAB

Inline XBRL Taxonomy Extension Labels Linkbase Document

101.PRE

Inline XBRL Taxonomy Extension Presentation Linkbase Document

104

Cover Page Interactive Data File (Embedded within the Inline XBRL document and included in Exhibit)

105

Table of Contents

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: November 7, 2022

By

/s/ Theodore L. Koenig

 

 

Theodore L. Koenig

 

 

Chairman, Chief Executive Officer and Director

 

 

(Principal Executive Officer)

 

 

Monroe Capital Corporation

 

 

 

Date: November 7, 2022

By

/s/ Lewis W. Solimene, Jr.

 

 

Lewis W. Solimene, Jr.

 

 

Chief Financial Officer, Chief Investment Officer

 

 

(Principal Financial and Accounting Officer)

 

 

Monroe Capital Corporation

106

Exhibit 31.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

PURSUANT TO RULE 13a-14 OF THE SECURITIES EXCHANGE ACT OF 1934, AS ADOPTED

PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Theodore L. Koenig, certify that:

1.

I have reviewed this Quarterly Report on Form 10-Q of Monroe Capital Corporation;

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.

The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.

The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: November 7, 2022

/s/ Theodore L. Koenig 

Theodore L. Koenig

Chairman, Chief Executive Officer and Director

(Principal Executive Officer)

Monroe Capital Corporation


Exhibit 31.2

CERTIFICATION OF CHIEF FINANCIAL OFFICER

PURSUANT TO RULE 13a-14 OF THE SECURITIES EXCHANGE ACT OF 1934, AS ADOPTED

PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Lewis W. Solimene, Jr., certify that:

1.

I have reviewed this Quarterly Report on Form 10-Q of Monroe Capital Corporation;

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.

The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.

The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: November 7, 2022

/s/ Lewis W. Solimene, Jr.

Lewis W. Solimene, Jr.

Chief Financial Officer, Chief Investment Officer

(Principal Financial and Accounting Officer)

Monroe Capital Corporation


Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED

PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q of Monroe Capital Corporation (the “Company”) for the quarterly period ended September 30, 2022, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Theodore L. Koenig, Chief Executive Officer of the Company, and I, Lewis W. Solimene, Jr., Chief Financial Officer of the Company, each certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to our knowledge:

1.

The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

2.

The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: November 7, 2022

/s/ Theodore L. Koenig

Theodore L. Koenig

Chairman, Chief Executive Officer and Director

(Principal Executive Officer)

Monroe Capital Corporation

/s/ Lewis W. Solimene, Jr.

Lewis W. Solimene, Jr.

Chief Financial Officer, Chief Investment Officer

(Principal Financial and Accounting Officer)

Monroe Capital Corporation