v3.26.1
DEBT - Schedule of Debt Obligations (Details)
€ in Thousands, £ in Thousands, $ in Thousands, $ in Thousands
Jun. 30, 2026
USD ($)
Jun. 30, 2026
EUR (€)
Jun. 30, 2026
CAD ($)
Jun. 30, 2026
GBP (£)
Dec. 31, 2025
USD ($)
Dec. 31, 2025
EUR (€)
Dec. 31, 2025
CAD ($)
Dec. 31, 2025
GBP (£)
Oct. 01, 2024
USD ($)
Aug. 05, 2024
USD ($)
Dec. 01, 2023
USD ($)
Aug. 10, 2023
USD ($)
Mar. 16, 2023
USD ($)
Debt Instrument [Line Items]                          
Aggregate principal committed $ 5,299,000       $ 5,406,000                
Outstanding Principal 2,982,874       3,301,860                
Unused Portion 2,315,513       2,103,527                
ING Facility | Line of Credit                          
Debt Instrument [Line Items]                          
Aggregate principal committed 1,350,000 [1] € 6,598 $ 5,800 £ 2,200 1,350,000 [1] € 12,216 $ 5,800 £ 2,200          
Outstanding Principal [1] 14,552       254,537                
Unused Portion [1] 1,334,835       1,094,850                
Letters of credit outstanding 613       613                
Wells Funding Facility | Line of Credit                          
Debt Instrument [Line Items]                          
Aggregate principal committed 900,000       900,000                
Outstanding Principal 431,250       497,250                
Unused Portion 468,750       402,750                
CBNA Funding Facility | Line of Credit                          
Debt Instrument [Line Items]                          
Aggregate principal committed 375,000       375,000                
Outstanding Principal 225,000       225,000                
Unused Portion 150,000       150,000                
JPM Funding Facility | Line of Credit                          
Debt Instrument [Line Items]                          
Aggregate principal committed 1,200,000       1,200,000                
Outstanding Principal 838,072       744,073                
Unused Portion 361,928       455,927                
Series A 2026 Notes | Senior Notes                          
Debt Instrument [Line Items]                          
Aggregate principal committed                         $ 204,000
Series A 2028 Notes | Senior Notes                          
Debt Instrument [Line Items]                          
Aggregate principal committed 146,000 [2]       146,000 [2]               $ 146,000
Outstanding Principal [2] 146,000       146,000                
Unused Portion [2] 0       0                
Unamortized debt issuance costs 541       849                
Series B 2026 Notes | Senior Notes                          
Debt Instrument [Line Items]                          
Aggregate principal committed 0 [3]       107,000 [3]             $ 107,000  
Outstanding Principal [3] 0       107,000                
Unused Portion [3] 0       0                
Unamortized debt issuance costs 0       255                
Series B 2028 Notes | Senior Notes                          
Debt Instrument [Line Items]                          
Aggregate principal committed 128,000 [3]       128,000 [3]             $ 128,000  
Outstanding Principal [3] 128,000       128,000                
Unused Portion [3] 0       0                
Unamortized debt issuance costs 626       773                
Series C 2027 Notes | Senior Notes                          
Debt Instrument [Line Items]                          
Aggregate principal committed 136,500 [4]       136,500 [4]           $ 136,500    
Outstanding Principal [4] 136,500       136,500                
Unused Portion [4] 0       0                
Unamortized debt issuance costs 307       534                
Series C 2029 Notes | Senior Notes                          
Debt Instrument [Line Items]                          
Aggregate principal committed 163,500 [4]       163,500 [4]           $ 163,500    
Outstanding Principal [4] 163,500       163,500                
Unused Portion [4] 0       0                
Unamortized debt issuance costs 919       1,075                
Series D 2027 | Senior Notes                          
Debt Instrument [Line Items]                          
Aggregate principal committed 100,000 [5]       100,000 [5]         $ 100,000      
Outstanding Principal [5] 100,000       100,000                
Unused Portion [5] 0       0                
Unamortized debt issuance costs 430       610                
Series D 2029 | Senior Notes                          
Debt Instrument [Line Items]                          
Aggregate principal committed 200,000 [5]       200,000 [5]         $ 200,000      
Outstanding Principal [5] 200,000       200,000                
Unused Portion [5] 0       0                
Unamortized debt issuance costs 1,424       1,651                
2030 Notes                          
Debt Instrument [Line Items]                          
Unamortized debt issuance costs 1,830       2,083                
2030 Notes | Senior Notes                          
Debt Instrument [Line Items]                          
Aggregate principal committed 300,000 [6]       300,000 [6]       $ 300,000        
Outstanding Principal [6] 300,000       300,000                
Unused Portion [6] 0       0                
Unamortized debt issuance costs 2,714       3,080                
2028 Notes                          
Debt Instrument [Line Items]                          
Unamortized debt issuance costs 2,850       3,488                
Unamortized original issue discount 1,579       1,930                
2028 Notes | Senior Notes                          
Debt Instrument [Line Items]                          
Aggregate principal committed [7] 300,000       300,000                
Outstanding Principal [7] 300,000       300,000                
Unused Portion [7] $ 0       $ 0                
[1] As of June 30, 2026 and December 31, 2025, letters of credit of $613 and $613, respectively, were outstanding, which reduced the unused availability under the ING Facility by the same amount. Under the ING Facility, the Company may borrow in U.S. dollars or certain other permitted currencies. As of June 30, 2026 and December 31, 2025, the Company had borrowings denominated in Euros (EUR) of 6,598 and 12,216. As of June 30, 2026 and December 31, 2025, the Company had borrowings denominated in Canadian dollars (CAD) of 5,800 and 5,800, respectively. As of June 30, 2026 and December 31, 2025, the Company had borrowings denominated in British Pound (GBP) of 2,200 and 2,200, respectively.
[2] The carrying value of the Company’s Series A 2028 Notes was presented on the Consolidated Statements of Financial Condition net of unamortized debt issuance costs of $541, as of June 30, 2026 and $849, as of December 31, 2025.
[3] The carrying value of the Company’s Series B 2026 Notes and Series B 2028 Notes was presented on the Consolidated Statements of Financial Condition net of unamortized debt issuance costs of $0 and $626, respectively, as of June 30, 2026 and $255 and $773, respectively, as of December 31, 2025.
[4] The carrying value of the Company’s Series C 2027 Notes and Series C 2029 Notes was presented on the Consolidated Statements of Financial Condition net of unamortized debt issuance costs of $307 and $919, respectively, as of June 30, 2026 and $534 and $1,075, respectively, as of December 31, 2025.
[5] The carrying value of the Company’s Series D 2027 Notes and Series D 2029 Notes was presented on the Consolidated Statements of Financial Condition net of unamortized debt issuance costs of $430 and $1,424, respectively, as of June 30, 2026 and $610 and $1,651, respectively, as of December 31, 2025.
[6] The carrying value of the Company’s 2030 Notes was presented net of unamortized debt issuance cost of $2,714, as of June 30, 2026, and $3,080 as of December 31, 2025. The carrying value of the Company’s 2030 Notes was presented net of unamortized original issue discount of $1,830, as of June 30, 2026, and $2,083 as of December 31, 2025.
[7] The carrying value of the Company’s 2028 Notes (as defined below) was presented net of unamortized debt issuance costs and unamortized original issue discount of $2,850, and $1,579, respectively, as of June 30, 2026 and $3,488 and $1,930, respectively, as of December 31, 2025.