v3.26.1
STRUCTURED CREDIT PARTNERS JV, LLC - Summarized Financial Information (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Dec. 31, 2024
ASSETS            
Investments, at fair value $ 2,360,009 [1]   $ 2,360,009 [1]   $ 2,463,922 [2]  
Cash and cash equivalents 48,856 $ 49,218 48,856 $ 49,218 76,493 $ 56,575
Total assets 2,443,700   2,443,700   2,790,167  
LIABILITIES AND EQUITY            
Debt and secured borrowings 1,290,348   1,290,348   1,531,210  
Dividend payable 24,214   24,214   28,723  
Investments, amortized cost 2,414,341   2,414,341   2,469,396  
Selected Consolidated Statements of Operations Information:            
Total investment income 62,085 67,281 126,164 122,145    
Expenses:            
Total expenses 37,409 38,651 75,843 71,210    
Net investment income (loss) 23,996 28,250 49,200 49,879    
Net realized gain (loss) on investments (1,534) (2,599) (11,152) (21,940)    
Net change in unrealized appreciation (depreciation) on investments (22,522) (11,021) (42,326) 745    
Net increase (decrease) in net assets resulting from operations (60) $ 14,630 (4,278) $ 28,684    
Investment Funds            
ASSETS            
Investments, at fair value 193,138   193,138   163,614  
LIABILITIES AND EQUITY            
Investments, amortized cost 199,886   199,886   $ 171,001  
Structured Credit Partners            
ASSETS            
Investments, at fair value 1,659,630   1,659,630      
Cash and cash equivalents 130,014   130,014      
Other assets 35,583   35,583      
Total assets 1,825,227   1,825,227      
LIABILITIES AND EQUITY            
Debt and secured borrowings 1,353,020   1,353,020      
Dividend payable 5,070   5,070      
Accrued expenses and other liabilities 317,605   317,605      
Total Members’ Equity 149,290   149,290      
Non-controlling interest 242   242      
Total liabilities and members’ equity 1,825,227   1,825,227      
Investments, amortized cost 1,664,368   1,664,368      
Restricted cash and cash equivalents [1] 9,743   9,743      
Selected Consolidated Statements of Operations Information:            
Total investment income 22,123   23,573      
Expenses:            
Interest expense and credit facility fees 16,442   16,973      
Other expenses 368   1,168      
Total expenses 16,810   18,141      
Net investment income (loss) 5,313   5,432      
Net realized gain (loss) on investments 103   133      
Net change in unrealized appreciation (depreciation) on investments 29   (4,738)      
Net increase (decrease) resulting from operations 5,445   827      
Less: Net increase (decrease) resulting from operations attributable to non-controlling interest (13)   (13)      
Net increase (decrease) in net assets resulting from operations 5,458   840      
Structured Credit Partners | Investment Funds            
ASSETS            
Investments, at fair value [1] $ 69,385   $ 69,385      
[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.