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DEBT OBLIGATIONS AND CREDIT FACILITIES (Tables) | 9 Months Ended
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Sep. 30, 2025
Debt Disclosure [Abstract] |
Schedule of Consolidated Funds of Debt Obligations Outstanding | The consolidated funds had the following debt obligations outstanding:
| Outstanding Amount as of |  | Key terms as of September 30, 2025
Credit Agreement | September 30, 2025 |  | December 31, 2024 | Facility Capacity |  | Effective Interest Rate |  | Weighted Average Remaining Maturity (years) |  | Commitment Fee Rate |  | L/C Fee
Revolving credit facilities (1) | $ | 1,170,611 |  |  | $ | 1,472,795 |  |  | $ | 1,784,352 |  |  | 5.92% |  | 0.76 |  | 0.25% |  | 1.75%
Less: Debt issuance costs | (4,029) |  |  | (2,685) |  |  |  |  |  |  |  |  |  |  |
Total debt obligations, net (2) | $ | 1,166,582 |  |  | $ | 1,470,110 |  |  |  |  |  |  |  |  |  |  |
(1) The credit facility capacity is calculated on a pro rata basis using fund commitments as of September 30, 2025. (2) Debt issuance costs are included in other assets as of September 30, 2025 and December 31, 2024.

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