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INVESTMENTS - IHAM Selected Balance Sheet Information (Details) - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Assets    
Investments at fair value $ 28,692.6 [1] $ 26,719.9 [2]
Cash and cash equivalents 1,036.0 635.0
Other assets 228.0 158.0
Total assets 30,806.0 28,254.0
Liabilities    
Total liabilities 16,484.0 14,899.0
Equity    
Accumulated earnings 851.0 852.0
Total liabilities and stockholders’ equity 30,806.0 28,254.0
Amortized Cost 28,566.5 [1] 26,374.0 [2]
Unrealized losses (1,000.0) (1,700.0)
Unrealized depreciation (300.0) 200.0
Ivy Hill Asset Management, L.P.    
Assets    
Investments at fair value 9,934.0 8,172.0
Cash and cash equivalents 664.0 976.0
Other assets 105.0 128.0
Total assets 10,703.0 9,276.0
Liabilities    
Debt 8,287.0 6,956.0
Subordinated note from ARCC 99.0  
Subordinated notes 339.0 311.0
Other liabilities 292.0 269.0
Total liabilities 9,017.0 7,536.0
Equity    
Contributed capital 1,701.0 1,700.0
Accumulated earnings 152.0 186.0
Net unrealized losses on investments and foreign currency transactions (48.0) (79.0)
Non-controlling interests in Consolidated IHAM Vehicles (119.0) (67.0)
Total equity 1,686.0 1,740.0
Total liabilities and stockholders’ equity 10,703.0 9,276.0
Amortized Cost 2,767.0 2,237.0
Ivy Hill Asset Management, L.P. | Eliminations    
Assets    
Investments at fair value (2,612.0) (2,086.0)
Cash and cash equivalents 0.0 0.0
Other assets (72.0) (54.0)
Total assets (2,684.0) (2,140.0)
Liabilities    
Debt 0.0 0.0
Subordinated note from ARCC 0.0  
Subordinated notes (862.0) (714.0)
Other liabilities (14.0) (13.0)
Total liabilities (876.0) (727.0)
Equity    
Contributed capital 0.0 0.0
Accumulated earnings 0.0 0.0
Net unrealized losses on investments and foreign currency transactions 0.0 0.0
Non-controlling interests in Consolidated IHAM Vehicles (1,808.0) (1,413.0)
Total equity (1,808.0) (1,413.0)
Total liabilities and stockholders’ equity (2,684.0) (2,140.0)
Ivy Hill Asset Management, L.P. | Ivy Hill Asset Management, L.P. | Operating Segments    
Assets    
Investments at fair value 2,720.0 2,160.0
Cash and cash equivalents 8.0 9.0
Other assets 84.0 60.0
Total assets 2,812.0 2,229.0
Liabilities    
Debt 888.0 406.0
Subordinated note from ARCC 99.0  
Subordinated notes 0.0 0.0
Other liabilities 20.0 16.0
Total liabilities 1,007.0 422.0
Equity    
Contributed capital 1,701.0 1,700.0
Accumulated earnings 152.0 186.0
Net unrealized losses on investments and foreign currency transactions (48.0) (79.0)
Non-controlling interests in Consolidated IHAM Vehicles 0.0 0.0
Total equity 1,805.0 1,807.0
Total liabilities and stockholders’ equity 2,812.0 2,229.0
Amortized Cost 10,086.0 8,343.0
Ivy Hill Asset Management, L.P. | Consolidated IHAM Vehicles | Operating Segments    
Assets    
Investments at fair value 9,826.0 8,098.0
Cash and cash equivalents 656.0 967.0
Other assets 93.0 122.0
Total assets 10,575.0 9,187.0
Liabilities    
Debt 7,399.0 6,550.0
Subordinated note from ARCC 0.0  
Subordinated notes 1,201.0 1,025.0
Other liabilities 286.0 266.0
Total liabilities 8,886.0 7,841.0
Equity    
Contributed capital 0.0 0.0
Accumulated earnings 0.0 0.0
Net unrealized losses on investments and foreign currency transactions 0.0 0.0
Non-controlling interests in Consolidated IHAM Vehicles 1,689.0 1,346.0
Total equity 1,689.0 1,346.0
Total liabilities and stockholders’ equity 10,575.0 9,187.0
Unrealized depreciation 152.0 171.0
Ivy Hill Asset Management, L.P. | Consolidated IHAM Vehicles | Eliminations    
Equity    
Unrealized losses $ 61.0 $ 70.0
[1] As of September 30, 2025, the estimated net unrealized gain for federal tax purposes was approximately $0.3 billion based on a tax cost basis of $28.4 billion. As of September 30, 2025, the estimated aggregate gross unrealized gain for federal income tax purposes was approximately $1.3 billion and the estimated aggregate gross unrealized loss for federal income tax purposes was approximately $1.0 billion.
[2] As of December 31, 2024, the estimated net unrealized gain for federal tax purposes was $0.2 billion based on a tax cost basis of $26.5 billion. As of December 31, 2024, the estimated aggregate gross unrealized gain for federal income tax purposes was $1.7 billion and the estimated aggregate gross unrealized loss for federal income tax purposes was $1.5 billion.