v3.26.1
Joint Venture - Statements of Assets and Liabilities (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Dec. 31, 2024
ASSETS        
Amortized Cost $ 25,063,146 [1] $ 25,109,408 [2]    
Fair Value 25,007,853 25,337,420    
Cash 703,413 590,666 $ 434,307 $ 228,899
Total assets 26,289,900 26,304,427    
LIABILITIES        
Debt 12,865,354 12,950,206    
Total liabilities 13,854,926 13,867,596    
MEMBERS’ EQUITY        
Members’ Equity 5,015 4,931    
Total Members’ Equity 12,434,974 12,436,831 $ 9,638,063 $ 8,733,932
Total liabilities and net assets 26,289,900 26,304,427    
Nonconsolidated Investee or group of investees | ULTRA III        
ASSETS        
Amortized Cost 1,608,786      
Fair Value 1,611,174      
Cash 49,783 37,543    
Interest receivable 5,103 9,546    
Total assets 1,666,060 1,561,449    
LIABILITIES        
Debt 1,161,129 1,068,394    
Interest payable and other liabilities 17,829 16,661    
Total liabilities 1,178,958 1,085,055    
MEMBERS’ EQUITY        
Members’ Equity 487,102 476,394    
Total Members’ Equity 487,102 476,394    
Total liabilities and net assets $ 1,666,060 $ 1,561,449    
[1] The cost represents the original cost adjusted for the amortization of discounts and premiums, as applicable, on debt investments using the effective interest method in accordance with U.S. GAAP.
[2] The cost represents the original cost adjusted for the amortization of discounts and premiums, as applicable, on debt investments using the effective interest method in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).