v3.25.1
INVESTMENTS - WHF STRS Ohio Senior Loan Fund LLC (Details)
$ in Thousands
1 Months Ended 12 Months Ended
Nov. 26, 2024
May 18, 2023
Jan. 13, 2023
USD ($)
Mar. 11, 2022
USD ($)
Jul. 15, 2021
Jul. 31, 2019
Dec. 31, 2024
USD ($)
company
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Feb. 28, 2023
USD ($)
Mar. 10, 2022
USD ($)
Feb. 28, 2022
USD ($)
Jan. 27, 2021
USD ($)
Jul. 19, 2019
USD ($)
Jan. 14, 2019
USD ($)
Schedule of Investments [Line Items]                              
Investments, fair value             $ 642,213 $ 696,168              
Cost of investment             695,240 740,021              
Increase in credit facility limit             (24) 509 $ 14            
Available             $ 173,507 138,488              
LIBOR | Minimum                              
Schedule of Investments [Line Items]                              
Term of interest           3 years 3 years                
LIBOR | Maximum                              
Schedule of Investments [Line Items]                              
Term of interest           6 years 6 years                
Subordinated Notes                              
Schedule of Investments [Line Items]                              
Investments, fair value             $ 1,175 167              
Cost of investment             1,152 167              
Equity (excluding STRS JV)                              
Schedule of Investments [Line Items]                              
Investments, fair value             45,587 39,461              
Cost of investment             $ 63,299 $ 46,400              
STRS JV                              
Schedule of Investments [Line Items]                              
Combined investment commitment in joint venture                             $ 125,000
Investment commitment in joint venture                   $ 115,000   $ 100,000     75,000
Increase in investment commitment in joint venture                   $ 15,000   $ 25,000      
Economic ownership (as a percent)             65.71% 34.29%   65.71%   66.67%      
Investments, fair value             $ 309,077 $ 332,160              
Portfolio companies | company             38                
Largest single investment             $ 19,594 19,889              
Five largest investments             79,058 83,564              
STRS JV | STRS JV Credit Facility                              
Schedule of Investments [Line Items]                              
Maximum borrowing limit     $ 262,500 $ 225,000     262,500 262,500         $ 175,000 $ 125,000  
Increase in credit facility limit     $ 37,500                        
Variable interest rate (as a percent)         2.35%                    
Available       168,750             $ 131,250        
Borrowings greater than       $ 175,000                      
Amortized Cost, credit facility             $ 144,081 $ 165,244              
Effective interest rate (as a percent)             6.40% 7.70%              
STRS JV | STRS JV Credit Facility | Minimum                              
Schedule of Investments [Line Items]                              
Variable interest rate (as a percent) 2.50%                            
STRS JV | STRS JV Credit Facility | Maximum                              
Schedule of Investments [Line Items]                              
Variable interest rate (as a percent) 2.25%                            
STRS JV | STRS JV Credit Facility | SOFR                              
Schedule of Investments [Line Items]                              
Variable interest rate (as a percent)   2.72%   2.50%     2.25% 2.72%              
STRS JV | STRS JV Credit Facility | SOFR | Borrowings under $37.5 million                              
Schedule of Investments [Line Items]                              
Variable interest rate (as a percent)     3.00%                        
STRS JV | Subordinated Notes                              
Schedule of Investments [Line Items]                              
Investment commitment in joint venture                   $ 92,000   $ 80,000      
Cost of investment             $ 84,416 $ 84,416              
Commitments to fund subordinated notes             92,000 92,000              
Unfunded subordinated notes             7,584 7,584              
STRS JV | Equity (excluding STRS JV)                              
Schedule of Investments [Line Items]                              
Investment commitment in joint venture                   23,000   $ 20,000      
Cost of investment             21,104 21,104              
Commitments to fund equity interests             23,000 23,000              
Unfunded equity interests             $ 1,896 $ 1,896              
STRS JV | STRS Ohio                              
Schedule of Investments [Line Items]                              
Investment commitment in joint venture                   60,000         $ 50,000
Increase in investment commitment in joint venture                   $ 10,000          
Economic ownership (as a percent)                   34.29%   33.33%      
STRS JV | STRS Ohio | Subordinated Notes                              
Schedule of Investments [Line Items]                              
Investment commitment in joint venture                   $ 48,000          
STRS JV | STRS Ohio | Equity (excluding STRS JV)                              
Schedule of Investments [Line Items]                              
Investment commitment in joint venture                   $ 12,000