v3.25.2
Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2025
Accounting Policies [Abstract]  
Schedule of Disaggregation of Revenue
Revenues consisted of the following (in thousands):

Three Months Ended June 30, Six Months Ended June 30,
2025202420252024
Management fees$452,531 $413,344 $871,482 $820,761 
Monitoring fees5,750 5,117 13,608 11,225 
Transaction fees34,613 37,112 82,067 73,298 
Incentive fees6,768 4,485 12,969 8,360 
Expense reimbursements and other69,412 62,742 132,403 121,451 
Total fees and other569,074 522,800 1,112,529 1,035,095 
Performance allocations335,789 200,877 786,349 490,520 
Capital interests15,674 20,517 56,535 42,650 
Total capital allocation-based income 351,463 221,394 842,884 533,170 
Total revenues$920,537 $744,194 $1,955,413 $1,568,265 
Schedule of Management Fee Rates
Management fee rates generally range between the following:
Management fee baseLowHigh
Committed capital0.50 %2.00 %
Actively invested capital0.25 %2.00 %
Net funded capital commitments0.50 %1.75 %
Cost of investments0.33 %1.00 %
NAV0.50 %1.50 %