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v3.26.1

Internalization - Narrative (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands |  |  | 3 Months Ended | 12 Months Ended |
--- | --- | --- | --- | --- | ---
May 16, 2025 | Jan. 10, 2025 | Jun. 30, 2025 | Dec. 31, 2025 | May 15, 2025
Business Combination [Line Items] |  |  |  |  |
Stock price |  |  |  |  | $ 33.12
Acquisition-related expenses |  |  |  | $ 28,900 |
RP Manager |  |  |  |  |
Business Combination [Line Items] |  |  |  |  |
Recognized liability assumed |  | $ 380,000 |  |  |
RP Holdings Class E Interests Holders | RP Manager |  |  |  |  |
Business Combination [Line Items] |  |  |  |  |
Transaction value |  | $ 1,100,000 |  |  |
Internalization, fair value | $ 57,000 |  |  |  |
RP Holdings Class E Interests Holders | RP Holdings |  |  |  |  |
Business Combination [Line Items] |  |  |  |  |
Number of equity shares issued (in shares) | 24,500 | 24,500 | 24,500 |  |
Shares subject to vesting (in shares) | 22,800 |  |  |  |
Aggregate value | $ 812,400 |  |  |  |
RP Holdings Class E Interests Holders | RP Holdings | Pre-Internalization |  |  |  |  |
Business Combination [Line Items] |  |  |  |  |
Number of equity shares issued (in shares) | 1,700 |  |  |  |
Aggregate value | $ 57,000 |  |  |  | $ 57,000
RP Holdings Class E Interests Holders | RP Holdings | Subject to Vesting |  |  |  |  |
Business Combination [Line Items] |  |  |  |  |
Remaining aggregate amount subject to vesting | $ 755,400 |  |  |  |
RP Holdings Class E Interests Holders | RP Holdings | Subject to Vesting | Minimum |  |  |  |  |
Business Combination [Line Items] |  |  |  |  |
Award vesting period (in years) | 5 years |  |  |  |
RP Holdings Class E Interests Holders | RP Holdings | Subject to Vesting | Maximum |  |  |  |  |
Business Combination [Line Items] |  |  |  |  |
Award vesting period (in years) | 9 years |  |  |  |
Employee RSUs |  |  |  |  |
Business Combination [Line Items] |  |  |  |  |
Award vesting period (in years) | 4 years |  |  |  |
Employee RSUs | RP Manager |  |  |  |  |
Business Combination [Line Items] |  |  |  |  |
Aggregate value | $ 3,800 |  |  |  |
Internalization, fair value | $ 3,778 |  |  |  |
Employee RSUs | RP Manager | Class A Ordinary Shares |  |  |  |  |
Business Combination [Line Items] |  |  |  |  |
Number of equity shares issued (in shares) | 316 |  |  |  |
Aggregate value | $ 10,500 |  |  |  |
Employee Equity Performance Awards |  |  |  |  |
Business Combination [Line Items] |  |  |  |  |
Award vesting period (in years) | 4 years |  |  |  |
Internalization, fair value | $ 422,500 |  |  |  |
Employee Equity Performance Awards | RP Manager |  |  |  |  |
Business Combination [Line Items] |  |  |  |  |
Internalization, fair value | $ 422,479 |  |  |  |

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