v3.26.1
STRUCTURED CREDIT PARTNERS JV, LLC - Summarized Financial Information (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Dec. 31, 2024
ASSETS        
Investments, at fair value $ 2,277,105 [1]   $ 2,463,922 [2]  
Cash and cash equivalents 97,241 $ 250,883 76,493 $ 56,575
Total assets 2,557,613   2,790,167  
LIABILITIES AND MEMBERS’ EQUITY        
Dividend Payable 28,108   28,723  
Investments, amortized cost 2,306,378   2,469,396  
Selected Consolidated Statement of Operations Information:        
Total investment income 64,079 54,864    
Expenses        
Total expenses 38,434 32,559    
Net investment income (loss) 25,204 21,629    
Net realized gain (loss) on investments (9,618) (19,341)    
Net change in unrealized appreciation (depreciation) on investments and foreign currency (19,804) 11,766    
Net increase (decrease) in net assets resulting from operations (4,218) $ 14,054    
Investment Funds        
ASSETS        
Investments, at fair value 142,782   163,614  
LIABILITIES AND MEMBERS’ EQUITY        
Investments, amortized cost 150,300   171,001  
Structured Credit Partners        
ASSETS        
Investments, at fair value 1,028,239      
Cash and cash equivalents 12,389      
Other assets 4,042      
Total assets 1,044,670      
LIABILITIES AND MEMBERS’ EQUITY        
Secured borrowings 320,581   $ 0  
Dividend Payable 670      
Accrued expenses and other liabilities 684,707      
Total members’ equity 38,712      
Total liabilities and members’ equity 1,044,670      
Investments, amortized cost 1,033,006      
Selected Consolidated Statement of Operations Information:        
Total investment income 1,450      
Expenses        
Interest expense and credit facility fees 531      
Other expenses 800      
Total expenses 1,331      
Net investment income (loss) 119      
Net realized gain (loss) on investments 30      
Net change in unrealized appreciation (depreciation) on investments and foreign currency (4,767)      
Net increase (decrease) in net assets resulting from operations (4,618)      
Structured Credit Partners | Investment Funds        
ASSETS        
Investments, at fair value [1] $ 19,799      
[1] Fair value is determined in good faith by or under the direction of the Investment Adviser, as the valuation designee pursuant to Rule 2a-5 under the Investment Company Act (see Note 2, Significant Accounting Policies, and Note 3, Fair Value Measurements, to these unaudited consolidated financial statements), pursuant to the Company’s valuation policy. The fair value of all first lien and second lien debt investments, equity investments and the investment funds was determined using significant unobservable inputs.
[2] Fair value is determined in good faith by or under the direction of the Investment Adviser, as the valuation designee pursuant to Rule 2a-5 under the Investment Company Act (see Note 2, Significant Accounting Policies, and Note 3, Fair Value Measurements, to these unaudited consolidated financial statements), pursuant to the Company’s valuation policy. The fair value of all first lien and second lien debt investments, equity investments and the investment funds was determined using significant unobservable inputs.