v3.26.1
Fair Value of Financial Instruments - Schedule of Consolidated Balance Sheet Information (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Mar. 31, 2026
Dec. 31, 2025
Assets      
Investments at fair value (amortized cost of $1,664,368) $ 3,302,132 [1],[2]   $ 3,347,317 [3],[4]
Cash and cash equivalents 193,555   19,662
Prepaid expenses and other assets 10,549   20,544
Total Assets 3,543,191   3,421,655
Liabilities and Members' Equity      
Accrued expenses and other liabilities 45,151   44,404
Total Liabilities and Net Assets 3,543,191   $ 3,421,655
Structured Credit Partners JV, LLC      
Assets      
Investments at fair value (amortized cost of $1,664,368) 1,659,630    
Cash and cash equivalents [5] 130,014    
Prepaid expenses and other assets 39,844    
Total Assets 1,829,488    
Liabilities and Members' Equity      
Secured borrowings 1,357,281    
Dividend payable 5,070    
Accrued expenses and other liabilities 317,605    
Members equity [6] 149,290    
Non-controlling interest $ 242    
Total Liabilities and Net Assets   $ 1,829,488  
[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 June 30, 2026, $9,743 of SCP’s cash and cash equivalents was restricted.
[6] As of June 30, 2026, the fair value of the Company’s ownership interest in the members’ equity was $53,832.