Debt Fund |
9 Months Ended |
|---|---|
Sep. 30, 2026 | |
| Investments, Debt and Equity Securities [Abstract] | |
| Debt Fund | Debt Fund As of September 30, 2026, total capital committed to the Fund by all investors was $1.3 billion, of which $452.2 million had been funded. As of September 30, 2026, the Company's share of the total capital committed to the Fund was $118.6 million, of which $39.7 million had been funded. During the nine months ended September 30, 2026, the Fund made additional investments with an aggregate fair value of $284.6 million. During the three and nine months ended September 30, 2026, one investment was sold but did not meet sale accounting under ASC 860 and, as a result, was treated as a secured borrowing for accounting purposes and is included in Other liabilities in our consolidated balance sheets. During the nine months ended September 30, 2026 no investments were repaid. The Fund has a term of 7 years from its initial closing in November 2024. The term may be extended for up to consecutive one-year periods. The Fund has an investment period of 3.5 years from its initial closing in November 2024, which may be extended for one year. During the investment period, the Fund is our primary investment vehicle for investments that fit within the Fund's investment parameters, as set forth in the Fund's operating agreements.
|