v3.26.1
Joint Ventures - Statements of Operations (Details) - USD ($)
$ in Thousands
 1 Months Ended 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Investment income          
Gross Investment Income, Operating   $ 116,502 $ 95,953 $ 226,141 $ 184,808
Expenses          
Interest   35,433 32,605 67,924 64,558
Professional fees   1,600 597 2,783 1,123
Other expenses   887 1,306 2,046 2,301
Total expenses   56,483 48,788 109,384 94,935
Net investment income (loss) before taxes   60,019 47,279 116,757 90,062
Current federal tax [1]   53 76 1,076 163
Net investment income (loss) after taxes   59,336 46,483 115,975 88,899
Net change in unrealized gain (loss) on investment transactions:          
Non-controlled, non-affiliated investments and affiliated investments       1,422 2,741
Total net realized and change in unrealized gain (loss) on investment transactions   845 2,798 5,840 3,815
Net increase (decrease) in net assets resulting from operations   60,181 49,281 121,815 92,714
Non-controlled/non-affiliated          
Investment income          
Interest   112,064 93,239 218,087 179,783
Other   2,279 1,437 4,007 2,781
Gross Investment Income, Operating   116,088 95,953 225,727 184,808
Net change in unrealized gain (loss) on investment transactions:          
Non-controlled, non-affiliated investments and affiliated investments   $ (2,522) $ (655) $ 2,937 $ (2,068)
Variable Interest Entity, Not Primary Beneficiary          
Investment income          
Gross Investment Income, Operating $ 964        
Expenses          
Interest 497        
Professional fees 10        
Other expenses 2        
Total expenses 509        
Net investment income (loss) before taxes 455        
Current federal tax 1        
Net investment income (loss) after taxes 454        
Net change in unrealized gain (loss) on investment transactions:          
Total net realized and change in unrealized gain (loss) on investment transactions 73        
Net increase (decrease) in net assets resulting from operations 527        
Variable Interest Entity, Not Primary Beneficiary | Non-controlled/non-affiliated          
Investment income          
Interest 959        
Other 5        
Gross Investment Income, Operating 964        
Net change in unrealized gain (loss) on investment transactions:          
Non-controlled, non-affiliated investments and affiliated investments $ 73        
[1] Related to the Company’s wholly-owned, consolidated subsidiary, Twin Brook Equity XXXIII Corp., which is treated as a corporation for United States federal income tax purposes