v3.25.4
DEBT - Schedule of Debt Obligations (Details)
€ in Thousands, £ in Thousands, $ in Thousands, $ in Thousands
Dec. 31, 2025
USD ($)
Dec. 31, 2025
EUR (€)
Dec. 31, 2025
CAD ($)
Dec. 31, 2025
GBP (£)
Dec. 31, 2024
USD ($)
Dec. 31, 2024
EUR (€)
Dec. 31, 2024
CAD ($)
Dec. 31, 2024
GBP (£)
Oct. 01, 2024
USD ($)
Aug. 05, 2024
USD ($)
Dec. 01, 2023
USD ($)
Aug. 10, 2023
USD ($)
Mar. 16, 2023
USD ($)
Debt Instrument [Line Items]                          
Aggregate principal committed $ 5,406,000       $ 5,310,000                
Outstanding Principal 3,301,860       2,887,425                
Unused Portion 2,103,527       2,421,963                
ING Facility | Line of Credit                          
Debt Instrument [Line Items]                          
Aggregate principal committed 1,350,000 [1] € 12,216 $ 5,800 £ 2,200 1,350,000 [1] € 12,216 $ 2,800 £ 2,200          
Outstanding Principal [1] 254,537       313,352                
Unused Portion [1] 1,094,850       1,036,036                
Letters of credit outstanding 613       613                
Wells Funding Facility | Line of Credit                          
Debt Instrument [Line Items]                          
Aggregate principal committed 900,000       900,000                
Outstanding Principal 497,250       381,250                
Unused Portion 402,750       518,750                
CBNA Funding Facility | Line of Credit                          
Debt Instrument [Line Items]                          
Aggregate principal committed 375,000       375,000                
Outstanding Principal 225,000       93,750                
Unused Portion 150,000       281,250                
JPM Funding Facility | Line of Credit                          
Debt Instrument [Line Items]                          
Aggregate principal committed 1,200,000       1,200,000                
Outstanding Principal 744,073       614,073                
Unused Portion 455,927       585,927                
Series A 2026 Notes | Senior Notes                          
Debt Instrument [Line Items]                          
Aggregate principal committed 0 [2]       204,000 [2]               $ 204,000
Outstanding Principal [2] 0       204,000                
Unused Portion [2] 0       0                
Unamortized debt issuance costs 0       888                
Series A 2028 Notes | Senior Notes                          
Debt Instrument [Line Items]                          
Aggregate principal committed 146,000 [2]       146,000 [2]               $ 146,000
Outstanding Principal [2] 146,000       146,000                
Unused Portion [2] 0       0                
Unamortized debt issuance costs 849       1,014                
Series B 2026 Notes | Senior Notes                          
Debt Instrument [Line Items]                          
Aggregate principal committed 107,000 [3]       107,000 [3]             $ 107,000  
Outstanding Principal [3] 107,000       107,000                
Unused Portion [3] 0       0                
Unamortized debt issuance costs 255       655                
Series B 2028 Notes | Senior Notes                          
Debt Instrument [Line Items]                          
Aggregate principal committed 128,000 [3]       128,000 [3]             $ 128,000  
Outstanding Principal [3] 128,000       128,000                
Unused Portion [3] 0       0                
Unamortized debt issuance costs 773       1,055                
Series C 2027 Notes | Senior Notes                          
Debt Instrument [Line Items]                          
Aggregate principal committed 136,500 [4]       136,500 [4]           $ 136,500    
Outstanding Principal [4] 136,500       136,500                
Unused Portion [4] 0       0                
Unamortized debt issuance costs 534       985                
Series C 2029 Notes | Senior Notes                          
Debt Instrument [Line Items]                          
Aggregate principal committed 163,500 [4]       163,500 [4]           $ 163,500    
Outstanding Principal [4] 163,500       163,500                
Unused Portion [4] 0       0                
Unamortized debt issuance costs 1,075       1,406                
Series D 2027 | Senior Notes                          
Debt Instrument [Line Items]                          
Aggregate principal committed 100,000 [5]       100,000 [5]         $ 100,000      
Outstanding Principal [5] 100,000       100,000                
Unused Portion [5] 0       0                
Unamortized debt issuance costs 610       993                
Series D 2029 | Senior Notes                          
Debt Instrument [Line Items]                          
Aggregate principal committed 200,000 [5]       200,000 [5]         $ 200,000      
Outstanding Principal [5] 200,000       200,000                
Unused Portion [5] 0       0                
Unamortized debt issuance costs 1,651       2,110                
2030 Notes | Senior Notes                          
Debt Instrument [Line Items]                          
Aggregate principal committed 300,000 [6]       300,000 [6]       $ 300,000        
Outstanding Principal [6] 300,000       300,000                
Unused Portion [6] 0       0                
Unamortized debt issuance costs 3,080       3,721                
2028 Notes | Senior Notes                          
Debt Instrument [Line Items]                          
Aggregate principal committed [7] 300,000       0                
Outstanding Principal [7] 300,000       0                
Unused Portion [7] 0       $ 0                
Unamortized debt issuance costs $ 3,488                        
[1] As of December 31, 2025 and December 31, 2024, letters of credit of $613 and $613, respectively, were outstanding, which reduced the unused availability under the ING Facility by the same amount. Under the ING Facility, the Company may borrow in U.S. dollars or certain other permitted currencies. As of December 31, 2025 and December 31, 2024, the Company had borrowings denominated in Euros (EUR) of 12,216 and 12,216. As of December 31, 2025 and December 31, 2024, the Company had borrowings denominated in Canadian dollars (CAD) of 5,800 and 2,800, respectively. As of December 31, 2025 and December 31, 2024, the Company had borrowings denominated in British Pound (GBP) of 2,200 and 2,200, respectively.
[2] The carrying value of the Company’s Series A 2026 Notes and Series A 2028 Notes was presented on the Consolidated Statements of Financial Condition net of unamortized debt issuance costs of $0 and $849, respectively, as of December 31, 2025 and $888 and $1,014, respectively, as of December 31, 2024.
[3] The carrying value of the Company’s Series B 2026 Notes and Series B 2028 Notes was presented on the Consolidated Statements of Financial Condition net of unamortized debt issuance costs of $255 and $773, respectively, as of December 31, 2025 and $655 and $1,055, respectively, as of December 31, 2024.
[4] The carrying value of the Company’s Series C 2027 Notes and Series C 2029 Notes was presented on the Consolidated Statements of Financial Condition net of unamortized debt issuance costs of $534 and $1,075, respectively, as of December 31, 2025 and $985 and $1,406, respectively, as of December 31, 2024.
[5] The carrying value of the Company’s Series D 2027 Notes and Series D 2029 Notes was presented on the Consolidated Statements of Financial Condition net of unamortized debt issuance costs of $610 and $1,651, respectively, as of December 31, 2025 and $993 and $2,110, respectively, as of December 31, 2024.
[6] The carrying value of the Company’s 2030 Notes was presented on the Consolidated Statements of Financial Condition net of unamortized debt issuance costs of $3,080, as of December 31, 2025 and $3,721, as of December 31, 2024.
[7] The carrying value of the Company’s 2028 Notes was presented on the Consolidated Statements of Financial Condition net of unamortized debt issuance costs of $3,488 as of December 31, 2025.