v3.26.1
DERIVATIVE INSTRUMENTS - Additional information (Details) - USD ($)
Feb. 25, 2022
Dec. 23, 2020
Jun. 30, 2026
May 29, 2026
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosures [Line Items]          
Fair value     $ 901,000   $ (1,366,000)
Foreign Exchange Contract          
Derivative Instruments and Hedging Activities Disclosures [Line Items]          
Derivative assets     1,262,000   3,515,000
Fair value     901,000   (1,366,000)
Barings LLC | MVC Credit Support Agreement          
Derivative Instruments and Hedging Activities Disclosures [Line Items]          
Notional amount   $ 23,000,000.0      
Term of contract   10 years      
Barings LLC | Prior Sierra Credit Support Agreement          
Derivative Instruments and Hedging Activities Disclosures [Line Items]          
Notional amount $ 100,000,000.0       100,000,000.0 [1],[2],[3]
Term of contract 10 years        
Derivative assets         $ 60,500,000
Barings LLC | New Sierra Credit Support Agreement          
Derivative Instruments and Hedging Activities Disclosures [Line Items]          
Notional amount     10,995,000 [4],[5],[6] $ 11,000,000.0  
Derivative assets     $ 1,329,000    
[1] Settlement Date means the earlier of (1) April 1, 2032 or (2) the date on which the entire Prior Sierra Reference Portfolio has been realized or written off.
[2] The Company and Barings entered into the Prior Sierra Credit Support Agreement pursuant to which Barings agreed to provide credit support to the Company in the amount of up to $100.0 million.
[3] The Prior Sierra Credit Support Agreement (as defined in “Note 2. Agreements and Related Party Transactions”) covers all of the investments acquired by the Company from Sierra in connection with the Sierra Merger and any investments received by the Company in connection with the restructuring, amendment, extension or other modification (including the issuance of new securities) of any of the investments acquired by the Company from Sierra in connection with the Sierra Merger (collectively, the “Prior Sierra Reference Portfolio”). Each investment that is included in the Prior Sierra Reference Portfolio is denoted in the above Schedule of Investments with footnote (28).
[4] Settlement Date means the earlier of (1) April 1, 2032 or (2) the date on which the entire New Sierra Reference Portfolio has been realized or written off.
[5] The Company and Barings LLC (“Barings” or the “Adviser”) entered into the New Sierra Credit Support Agreement pursuant to which Barings agreed to provide credit support to the Company in the amount of up to $11.0 million.
[6] The New Sierra Credit Support Agreement (as defined in “Note 2. Agreements and Related Party Transactions”) covers investments in two portfolio companies acquired by Barings BDC, Inc. (the “Company”) from Sierra Income Corporation (“Sierra”) in connection with the Sierra Merger (as defined in “Note 2. Agreements and Related Party Transactions”) and any investments received by the Company in connection with the restructuring, amendment, extension or other modification of such investments (the “New Sierra Reference Portfolio”). Each investment that is included in the New Sierra Reference Portfolio is denoted in the above Schedule of Investments with footnote (28).