DEBT OBLIGATIONS AND CREDIT FACILITIES (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Consolidated Funds of Debt Obligations Outstanding

The consolidated funds had the following debt obligations outstanding:


	Outstanding Amount as of				Key terms as of March 31, 2026
Credit Agreement	March 31, 2026		December 31, 2025		Facility Capacity		Effective Interest Rate	Weighted Average Remaining Maturity (years) (3)	Commitment Fee Rate	L/C Fee
Revolving credit facilities (1)	$	1,367,768	$	1,320,795	$	1,808,782	5.42%	0.23	0.25%	1.77%


Less: Debt issuance costs (2)	(1,304)		(2,666)
Total debt obligations, net	$	1,366,464	$	1,318,129

(1) The credit facility capacity is calculated on a pro rata basis using fund commitments as of March 31, 2026.

(2) Debt issuance costs are included in other assets as of March 31, 2026 and December 31, 2025.

(3) The credit facilities of certain consolidated funds are scheduled to mature within the next four months. The Company is currently in discussions with lenders to extend or refinance these facilities and expects that such extensions or refinancing will be completed prior to their maturity.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details