BORROWINGS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Details of Company's borrowings
Carrying value	$ 4,843,746	$ 5,501,099
Successor Company
Details of Company's borrowings
Total borrowings	5,540,207	6,237,674
Total borrowings, carrying value	5,505,250	6,162,530
Collateral amount	5,169,916	6,528,921
Successor Company | CLO 2005-1 senior secured notes
Details of Company's borrowings
Par		192,384
Carrying value		$ 192,260
Weighted Average Borrowing Rate (as a percent)		1.84%
Weighted Average Remaining Maturity (in days)		847 days
Collateral amount		$ 224,716
Successor Company | CLO 2005-2 senior secured notes
Details of Company's borrowings
Par		242,928
Carrying value		$ 242,365
Weighted Average Borrowing Rate (as a percent)		0.68%
Weighted Average Remaining Maturity (in days)		1061 days
Collateral amount		$ 381,362
Successor Company | CLO 2006-1 senior secured notes
Details of Company's borrowings
Par		166,841
Carrying value		$ 166,710
Weighted Average Borrowing Rate (as a percent)		1.28%
Weighted Average Remaining Maturity (in days)		1333 days
Collateral amount		$ 400,165
Successor Company | CLO 2007-1 secured notes
Details of Company's borrowings
Par	1,544,032	1,906,409
Carrying value	$ 1,630,293	$ 1,891,228
Weighted Average Borrowing Rate (as a percent)	2.10%	0.80%
Weighted Average Remaining Maturity (in days)	1962 days	2327 days
Collateral amount	$ 1,732,855	$ 2,182,078
Successor Company | CLO 2007-1 subordinated notes
Details of Company's borrowings
Par	134,468	134,468
Carrying value	$ 74,954	$ 119,112
Weighted Average Borrowing Rate (as a percent)	11.66%	13.75%
Weighted Average Remaining Maturity (in days)	1962 days	2327 days
Collateral amount	$ 150,912	$ 153,912
Successor Company | CLO 2007-1 mezzanine notes
Details of Company's borrowings
Par		489,723
Carrying value		$ 486,575
Weighted Average Borrowing Rate (as a percent)		3.84%
Weighted Average Remaining Maturity (in days)		2327 days
Collateral amount		$ 560,538
Successor Company | CLO 2007-A notes
Details of Company's borrowings
Par	15,096	15,096
Carrying value	$ 17,060	$ 25,921
Weighted Average Borrowing Rate (as a percent)	14.49%	88.02%
Weighted Average Remaining Maturity (in days)	654 days	1019 days
Collateral amount	$ 48,856	$ 66,044
Successor Company | CLO 2011-1 senior debt
Details of Company's borrowings
Par	249,301	402,515
Carrying value	$ 249,301	$ 402,515
Weighted Average Borrowing Rate (as a percent)	1.67%	1.58%
Weighted Average Remaining Maturity (in days)	1689 days	1323 days
Collateral amount	$ 310,498	$ 508,625
Successor Company | CLO 2012-1 secured notes
Details of Company's borrowings
Par	367,500	367,500
Carrying value	$ 365,383	$ 364,063
Weighted Average Borrowing Rate (as a percent)	2.59%	2.33%
Weighted Average Remaining Maturity (in days)	3272 days	3637 days
Collateral amount	$ 361,684	$ 365,662
Successor Company | CLO 2012-1 subordinated notes
Details of Company's borrowings
Par	18,000	18,000
Carrying value	$ 10,845	$ 12,986
Weighted Average Borrowing Rate (as a percent)	15.82%	16.86%
Weighted Average Remaining Maturity (in days)	3272 days	3637 days
Collateral amount	$ 17,715	$ 17,910
Successor Company | CLO 2013-1 secured notes
Details of Company's borrowings
Par	458,500	458,500
Carrying value	$ 450,280	$ 441,153
Weighted Average Borrowing Rate (as a percent)	2.05%	1.96%
Weighted Average Remaining Maturity (in days)	3484 days	3849 days
Collateral amount	$ 479,391	$ 477,691
Successor Company | CLO 2013-2 secured notes
Details of Company's borrowings
Par	339,250	339,250
Carrying value	$ 334,187	$ 331,383
Weighted Average Borrowing Rate (as a percent)	2.52%	2.21%
Weighted Average Remaining Maturity (in days)	3676 days	4041 days
Collateral amount	$ 347,989	$ 357,722
Successor Company | CLO 9 secured notes
Details of Company's borrowings
Par	463,750	463,750
Carrying value	$ 454,103	$ 449,349
Weighted Average Borrowing Rate (as a percent)	2.33%	2.28%
Weighted Average Remaining Maturity (in days)	3941 days	4306 days
Collateral amount	$ 463,574	$ 474,072
Successor Company | CLO 9 subordinated notes
Details of Company's borrowings
Par	15,000	15,000
Carrying value	$ 9,972	$ 13,531
Weighted Average Borrowing Rate (as a percent)	15.92%	0.00%
Weighted Average Remaining Maturity (in days)	3941 days	4306 days
Collateral amount	$ 14,994	$ 15,334
Successor Company | CLO 10 senior notes
Details of Company's borrowings
Par	368,000	368,000
Carrying value	$ 363,977	$ 361,948
Weighted Average Borrowing Rate (as a percent)	2.75%	2.50%
Weighted Average Remaining Maturity (in days)	3637 days	4002 days
Collateral amount	$ 384,991	$ 343,090
Successor Company | CLO 11 senior secured notes
Details of Company's borrowings
Par	507,750
Carrying value	$ 491,699
Weighted Average Borrowing Rate (as a percent)	2.38%
Weighted Average Remaining Maturity (in days)	4123 days
Collateral amount	$ 501,286
Successor Company | CLO 11 subordinated notes
Details of Company's borrowings
Par	28,250
Carrying value	$ 23,306
Weighted Average Borrowing Rate (as a percent)	5.28%
Weighted Average Remaining Maturity (in days)	4123 days
Collateral amount	$ 27,890
Successor Company | CLO 13 secured notes
Details of Company's borrowings
Par	370,000
Carrying value	$ 364,986
Weighted Average Borrowing Rate (as a percent)	2.84%
Weighted Average Remaining Maturity (in days)	4399 days
Collateral amount	$ 323,781
Successor Company | CLO 13 subordinated notes
Details of Company's borrowings
Par	4,000
Carrying value	$ 3,400
Weighted Average Borrowing Rate (as a percent)	0.00%
Weighted Average Remaining Maturity (in days)	4399 days
Collateral amount	$ 3,500
Successor Company | Collaterized loan obligation secured notes
Details of Company's borrowings
Par	4,882,897	5,580,364
Carrying value	4,843,746	5,501,099
Collateral amount	5,169,916	6,528,921
Successor Company | 8.375% Senior notes
Details of Company's borrowings
Par	258,750	258,750
Carrying value	$ 289,660	$ 290,861
Weighted Average Borrowing Rate (as a percent)	8.38%	8.38%
Weighted Average Remaining Maturity (in days)	9451 days	9816 days
Successor Company | 7.500% Senior notes
Details of Company's borrowings
Par	$ 115,043	$ 115,043
Carrying value	$ 123,346	$ 123,663
Weighted Average Borrowing Rate (as a percent)	7.50%	7.50%
Weighted Average Remaining Maturity (in days)	9576 days	9941 days
Successor Company | Junior subordinated notes
Details of Company's borrowings
Par	$ 283,517	$ 283,517
Carrying value	$ 248,498	$ 246,907
Weighted Average Borrowing Rate (as a percent)	5.43%	5.39%
Weighted Average Remaining Maturity (in days)	7584 days	7949 days