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v3.25.2

Secured Debt Arrangements, Net - Summary of Outstanding Balances, Maximum and Average Balances of Borrowings (Details) $ in Thousands, € in Millions, £ in Millions, kr in Billions | 6 Months Ended | 12 Months Ended |  |
--- | --- | --- | --- | ---
Jun. 30, 2025 USD ($) | Dec. 31, 2024 USD ($) | Jun. 30, 2025 GBP (£) | Jun. 30, 2025 EUR (€) | Jun. 30, 2025 SEK (kr) | Dec. 31, 2024 GBP (£) | Dec. 31, 2024 EUR (€) | Dec. 31, 2024 SEK (kr)
Line of Credit |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |
Balance | $ 6,213,188 | $ 4,814,973 |  |  |  |  |  |
Collateral | 8,462,768 | 7,032,800 |  |  |  |  |  |
Line of Credit | USD |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |
Balance | 37,500 | 0 |  |  |  |  |  |
JPMorgan | Line of Credit |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |
Balance | 1,771,528 | 1,033,504 |  |  |  |  |  |
Collateral | 2,454,825 | 1,832,859 |  |  |  |  |  |
Maximum Month-End Balance | 1,771,527 | 1,063,261 |  |  |  |  |  |
Average Month-End Balance | 1,453,045 | 969,759 |  |  |  |  |  |
JPMorgan | Line of Credit | USD |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |
Balance | 1,771,528 | 1,033,504 |  |  |  |  |  |
Morgan Stanley Facility | USD |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |
Balance | 266,694 |  |  |  |  |  |  |
Collateral | 353,086 |  |  |  |  |  |  |
Maximum Month-End Balance | 266,694 |  |  |  |  |  |  |
Average Month-End Balance | 266,694 |  |  |  |  |  |  |
Morgan Stanley Facility | Fx contracts - GBP |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |
Balance | 165,324 |  |  |  |  |  |  |
Collateral | 202,479 |  |  |  |  |  |  |
Maximum Month-End Balance | 126,925 |  |  |  |  |  |  |
Average Month-End Balance | 124,842 |  |  |  |  |  |  |
Morgan Stanley Facility | Line of Credit | USD |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |
Balance | 266,694 | 0 |  |  |  |  |  |
Morgan Stanley Facility | Line of Credit | Fx contracts - GBP |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |
Balance | 165,324 | 0 |  |  |  |  |  |
DB | Line of Credit |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |
Balance | 27,300 | 123,434 |  |  |  |  |  |
Collateral | 45,500 | 199,217 |  |  |  |  |  |
Maximum Month-End Balance | 117,300 | 278,703 |  |  |  |  |  |
Average Month-End Balance | 89,800 | 201,020 |  |  |  |  |  |
DB | Line of Credit | USD |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |
Balance | 27,300 | 123,434 |  |  |  |  |  |
Goldman | Line of Credit | USD |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |
Balance |  | 0 |  |  |  |  |  |
Collateral |  | 0 |  |  |  |  |  |
Maximum Month-End Balance |  | 11,620 |  |  |  |  |  |
Average Month-End Balance |  | 2,903 |  |  |  |  |  |
Goldman | Line of Credit | Fx contracts - GBP |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |
Balance | 438,039 | 373,706 |  |  |  |  |  |
Collateral | 566,956 | 485,054 |  |  |  |  |  |
Maximum Month-End Balance | 438,039 | 390,163 |  |  |  |  |  |
Average Month-End Balance | 407,718 | 251,571 |  |  |  |  |  |
CS Facility | Line of Credit |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |
Balance | 530,518 | 462,886 |  |  |  |  |  |
Collateral | 786,675 | 702,927 |  |  |  |  |  |
Maximum Month-End Balance | 537,721 | 758,201 |  |  |  |  |  |
Average Month-End Balance | 523,286 | 640,453 |  |  |  |  |  |
CS Facility | Line of Credit | USD |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |
Balance | 530,518 | 462,886 |  |  |  |  |  |
HSBC Facility | Line of Credit |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |
Balance | 698,941 | 627,646 |  |  |  |  |  |
Collateral | 937,038 | 839,123 |  |  |  |  |  |
Maximum Month-End Balance | 698,940 | 672,422 |  |  |  |  |  |
Average Month-End Balance | 659,969 | 653,182 |  |  |  |  |  |
HSBC Facility | Line of Credit | Fx contracts - GBP |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |
Balance | 414,158 | 377,483 |  |  |  |  |  |
HSBC Facility | Line of Credit | Fx contracts - EUR |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |
Balance | 284,783 | 250,162 |  |  |  |  |  |
Barclays Facility | Line of Credit |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |
Balance |  | 321,546 |  |  |  |  |  |
Collateral |  | 420,774 |  |  |  |  |  |
Maximum Month-End Balance |  | 353,153 |  |  |  |  |  |
Average Month-End Balance |  | 242,792 |  |  |  |  |  |
Barclays Facility | Line of Credit | USD |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |
Balance | 321,546 | 321,546 |  |  |  |  |  |
Collateral | 424,583 |  |  |  |  |  |  |
Maximum Month-End Balance | 321,546 |  |  |  |  |  |  |
Average Month-End Balance | 321,546 |  |  |  |  |  |  |
Barclays Facility | Line of Credit | Fx contracts - GBP |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |
Balance | 126,925 | 0 |  |  |  |  |  |
Collateral | 160,315 |  |  |  |  |  |  |
Maximum Month-End Balance | 126,925 |  |  |  |  |  |  |
Average Month-End Balance | 124,842 |  |  |  |  |  |  |
MUFG Facility | Line of Credit |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |
Balance |  | 171,972 |  |  |  |  |  |
Collateral |  | 209,493 |  |  |  |  |  |
Maximum Month-End Balance |  | 211,057 |  |  |  |  |  |
Average Month-End Balance |  | 197,420 |  |  |  |  |  |
MUFG Facility | Line of Credit | Fx contracts - GBP |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |
Balance | 0 | 171,972 |  |  |  |  |  |
Churchill | Line of Credit |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |
Balance |  | 121,289 |  |  |  |  |  |
Churchill | Line of Credit | USD |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |
Balance | 0 | 121,289 |  |  |  |  |  |
Santander Facility | Line of Credit | USD |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |
Balance | 0 | 0 |  |  |  |  |  |
Collateral |  | 0 |  |  |  |  |  |
Maximum Month-End Balance |  | 67,500 |  |  |  |  |  |
Average Month-End Balance |  | 56,250 |  |  |  |  |  |
Santander Facility | Line of Credit | Fx contracts - EUR |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |
Balance |  | 0 |  |  |  |  |  |
Collateral |  | 0 |  |  |  |  |  |
Maximum Month-End Balance |  | 54,677 |  |  |  |  |  |
Average Month-End Balance |  | 22,684 |  |  |  |  |  |
Barclays Securitization | Line of Credit |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |
Balance | 1,837,360 | 1,587,779 | £ 917.6 | € 311.9 | kr 2.0 | £ 716.8 | € 493.9 | kr 2.0
Collateral | 2,461,742 | 2,182,088 |  |  |  |  |  |
Maximum Month-End Balance | 1,854,659 | 2,249,538 |  |  |  |  |  |
Average Month-End Balance | 1,720,802 | 2,041,421 |  |  |  |  |  |
Revolving Credit Facility | Line of Credit |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |
Balance | 37,500 | 0 |  |  |  |  |  |
Collateral | 69,569 | 0 |  |  |  |  |  |
Maximum Month-End Balance | 119,500 | 150,000 |  |  |  |  |  |
Average Month-End Balance | 31,400 | 38,796 |  |  |  |  |  |
Churchill Facility | Line of Credit |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |
Collateral |  | 161,264 |  |  |  |  |  |
Maximum Month-End Balance |  | 126,080 |  |  |  |  |  |
Average Month-End Balance |  | 123,684 |  |  |  |  |  |
JP Morgan Chase, DB Repurchase Facility, Goldman Sachs, Credit Suisse, Barclays Facility, HSBC Facilities And Barclays Securitization | Line of Credit |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |
Balance | $ 6,221,675 | $ 4,823,762 |  |  |  |  |  |

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