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OTHER INVESTMENTS (Tables) | 6 Months Ended
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Jun. 30, 2025
Fair Value Disclosures [Abstract] |
Schedule of Other Investments | At June 30, 2025, the breakdown of the Company’s other investments was as follows:
|  | Cost |  | Unrealized gains |  | Unrealized losses |  | Accrued interest |  | Fair value / carrying value
Private investments and unlisted equities |  | $ | 30,476 |  |  | $ | 52,808 |  |  | $ | (8,912) |  |  | $ | — |  |  | $ | 74,372 |
Debt and convertible debt securities |  | 3,084 |  |  | — |  |  | (1,499) |  |  | 79 |  |  | 1,664 |
Total other investments |  | $ | 33,560 |  |  | $ | 52,808 |  |  | $ | (10,411) |  |  | $ | 79 |  |  | $ | 76,036 |
At December 31, 2024, the breakdown of the Company’s other investments was as follows:
|  | Cost |  | Unrealized gains |  | Unrealized losses |  | Accrued interest |  | Fair value / carrying value
Private investments and unlisted equities |  | $ | 28,111 |  |  | $ | 51,076 |  |  | $ | (7,320) |  |  | $ | — |  |  | $ | 71,867 |
Debt and convertible debt securities |  | 2,713 |  |  | — |  |  | (1,510) |  |  | 90 |  |  | 1,293 |
Total other investments |  | $ | 30,824 |  |  | $ | 51,076 |  |  | $ | (8,830) |  |  | $ | 90 |  |  | $ | 73,160 |
Schedule of Carrying Values of Private Investments and Unlisted Equity Securities Carried under Measurement Alternative | The following table presents the carrying values of the private investments and unlisted equity securities carried under the measurement alternative at June 30, 2025 and 2024, and the related adjustments recorded during the periods then ended.
|  | Six months ended June 30
|  | 2025 |  | 2024
Carrying value (1) |  | $ | 74,372 |  |  | $ | 71,866 |
Upward carrying value changes (2) |  | $ | 1,747 |  |  | $ | 501 |
Downward carrying value changes and impairment (3) |  | $ | (1,597) |  |  | $ | (114) |
(1) The period-end carrying values reflect cumulative purchases and sales in addition to upward and downward carrying value changes. (2) The cumulative upward carrying value changes from inception to June 30, 2025, totaled $55.2 million. (3) The cumulative downward carrying value changes and impairments from inception to June 30, 2025, totaled $11.3 million.
Schedule of Gain (Loss) on Securities | Net investment income The following table summarizes the change in unrealized gains (losses) and the realized gains (losses) for the Company’s other investments, which are included in “Net investment income” in the condensed consolidated statements of operations (see Note 13):
|  | Three months ended June 30 |  | Six months ended June 30
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Gross realized gains |  | $ | — |  |  | $ | — |  |  | $ | 5 |  |  | $ | — |
Gross realized losses |  | — |  |  | — |  |  | — |  |  | (1,332) |
Net realized gains (losses) |  | $ | — |  |  | $ | — |  |  | $ | 5 |  |  | $ | (1,332) |
Change in unrealized gains |  | 33 |  |  | 89 |  |  | 139 |  |  | 1,008 |
Net realized and unrealized gains (losses) on other investments |  | $ | 33 |  |  | $ | 89 |  |  | $ | 144 |  |  | $ | (324) |

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