v3.26.1
Variable Interest Entities (Tables)
3 Months Ended
Mar. 31, 2026
Variable Interest Entity, Primary Beneficiary [Member]  
Variable Interest Entity [Line Items]  
Schedule of Aggregate Assets and Liabilities from VIEs

The following tables present the aggregate assets and liabilities from those VIEs in which we hold a variable interest and have concluded that we are the primary beneficiary (in thousands):

 

 

March 31, 2026

 

 

 

Aggregate Assets

 

 

Aggregate Liabilities

 

Securitization interests

 

$

27,357

 

 

$

6,218

 

 

 

 

December 31, 2025

 

 

 

Aggregate Assets

 

 

Aggregate Liabilities

 

Securitization interests

 

$

32,100

 

 

$

6,691

 

 

Variable Interest Entity Not Primary Beneficiary [Member]  
Variable Interest Entity [Line Items]  
Schedule of Aggregate Assets and Liabilities from VIEs

The following tables present the aggregate assets, liabilities, and the maximum exposure to loss from those VIEs in which we hold a variable interest, but as to which we have concluded we are not the primary beneficiary (in thousands):

 

 

March 31, 2026

 

 

 

Aggregate Assets

 

 

Aggregate Liabilities

 

 

Maximum Exposure to Loss

 

Debt and Equity Investments

 

$

589,720

 

 

$

350,488

 

 

$

47,778

 

Partnership Interests

 

 

375,170

 

 

 

792

 

 

 

 

Total VIEs

 

$

964,890

 

 

$

351,280

 

 

$

47,778

 

 

 

 

December 31, 2025

 

 

 

Aggregate Assets

 

 

Aggregate Liabilities

 

 

Maximum Exposure to Loss

 

Debt and Equity Investments

 

$

501,229

 

 

$

264,951

 

 

$

46,940

 

Partnership Interests

 

 

371,063

 

 

 

771

 

 

 

 

Total VIEs

 

$

872,292

 

 

$

265,722

 

 

$

46,940