v3.26.1
Fair Value of Financial Instruments - Schedule of Consolidated Balance Sheet Information (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Assets    
Investments at fair value (amortized cost of $1,033,006) $ 3,313,441 [1],[2] $ 3,347,317 [3],[4]
Cash and cash equivalents 29,178 19,662
Prepaid expenses and other assets 15,983 20,544
Total Assets 3,393,149 3,421,655
Liabilities and Members' Equity    
Accrued expenses and other liabilities 23,551 44,404
Total Liabilities and Net Assets 3,393,149 $ 3,421,655
Structured Credit Partners JV, LLC    
Assets    
Investments at fair value (amortized cost of $1,033,006) 1,028,239  
Cash and cash equivalents [5] 12,389  
Prepaid expenses and other assets 4,042  
Total Assets 1,044,670  
Liabilities and Members' Equity    
Secured borrowings 320,581  
Dividend payable 670  
Accrued expenses and other liabilities 684,707  
Members equity [6] 38,712  
Total Liabilities and Net Assets $ 1,044,670  
[1] In accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 820, Fair Value Measurements (“ASC Topic 820”), unless otherwise indicated, the fair values of all investments were determined using significant unobservable inputs and are considered Level 3 investments. See Note 6 for further information related to investments at fair value.
[2] Unless otherwise indicated, the Company’s portfolio companies are domiciled in the United States. Certain portfolio company investments are subject to contractual restrictions on sales.
[3] Certain portfolio company investments are subject to contractual restrictions on sales.
[4] In accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 820, Fair Value Measurements (“ASC Topic 820”), unless otherwise indicated, the fair values of all investments were determined using significant unobservable inputs and are considered Level 3 investments. See Note 6 for further information related to investments at fair value.
[5] As of March 31, 2026, none of SCP’s cash and cash equivalents was restricted.
[6] As of March 31, 2026, the fair value of the Company’s ownership interest in the members’ equity was $14,665.