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Revenue (Tables) | 12 Months Ended
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Dec. 31, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of Disaggregation of Revenue | The following table represents the Company’s revenue disaggregated by fee type for the periods presented below:
|  |  | For the Year Ended
(Dollars in Thousands) |  |  |  |  | December 31, 2024 |  | December 31, 2023 |  | December 31, 2022 (Predecessor)
Management/advisory fees |  |  |  |  | $ | 190,455 |  |  | $ | 180,861 |  |  | $ | 76,872 |
Incentive fees |  |  |  |  | 3,256 |  |  | 43,377 |  |  | — |
Distributions from investments |  |  |  |  | 12,304 |  |  | 17,185 |  |  | — |
Other fees/income |  |  |  |  | 920 |  |  | 5,494 |  |  | — |
Total Income |  |  |  |  | $ | 206,935 |  |  | $ | 246,917 |  |  | $ | 76,872 |
Schedule of Contract with Customer |
(Dollars in Thousands) | As of December 31, 2024 |  | As of December 31, 2023
Management/advisory fees receivable |  |  |
Beginning balance | $ | 29,539 |  |  | $ | 30,698 |
Ending balance (1) | 32,194 |  |  | 29,539 |
Incentive fees receivable |  |  |
Beginning balance | $ | 40,356 |  |  | $ | 7,570 |
Ending balance (2) | 1,324 |  |  | 40,356 |
Other fees/income receivable |  |  |
Beginning balance | $ | 526 |  |  | $ | 4,112 |
Ending balance | 98 |  |  | 526 |
Deferred management/advisory fees |  |  |
Beginning balance | $ | (66) |  |  | $ | (945) |
Ending balance | (1) |  |  | (66) |
Deferred other fees/income |  |  |
Beginning balance | $ | — |  |  | $ | (422) |
Ending balance | — |  |  | — |
(1) As of December 31, 2024 and December 31, 2023, this amount includes $0.7 million and $1.2 million, respectively, in Management/advisory fees receivable due from related parties. See Note 17 (Related Party Transactions) for further details. (2) As of December 31, 2024 and December 31, 2023, this amount includes $0.2 million and $14.9 million, respectively, in Incentive fees receivable due from related parties. See Note 17 (Related Party Transactions) for further details.

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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-10 + Details
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- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
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