v3.26.1
DEBT OBLIGATIONS AND CREDIT FACILITIES (Tables)
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
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 June 30, 2026
Credit AgreementJune 30, 2026December 31, 2025Facility CapacityEffective Interest Rate
Weighted Average Remaining Maturity (years) (3)
Commitment Fee RateL/C Fee
Revolving credit facilities (1)
$1,500,383 $1,320,795 $1,766,359 5.42%0.780.25%1.69%
Less: Debt issuance costs (2)
(3,245)(2,666)
Total debt obligations, net$1,497,138 $1,318,129 
(1)    The credit facility capacity is calculated on a pro rata basis using fund commitments as of June 30, 2026.
(2)    Debt issuance costs are included in other assets as of June 30, 2026 and December 31, 2025.
(3)     The credit facility of one consolidated fund, which was scheduled to mature shortly after June 30, 2026, was subsequently renewed through July 30, 2027.