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MANAGEMENT AGREEMENT AND RELATED PARTY TRANSACTIONS (Details)
1 Months Ended 3 Months Ended 4 Months Ended 7 Months Ended 8 Months Ended 12 Months Ended
May. 31, 2014
USD ($)
Sep. 30, 2007
USD ($)
Apr. 30, 2014
USD ($)
Dec. 31, 2014
USD ($)
issuer
Dec. 31, 2014
USD ($)
issuer
Dec. 31, 2015
USD ($)
issuer
period
$ / shares
Dec. 31, 2014
USD ($)
issuer
Dec. 31, 2013
USD ($)
May. 23, 2014
$ / shares
Management Agreement and Related Party Transactions                  
Distribution to parent           $ 179,100,000      
Successor Company                  
Management Agreement and Related Party Transactions                  
Related party transaction expense         $ 33,764,000 38,086,000      
Distribution to parent $ 44,900,000     $ 76,200,000 617,080,000 430,829,000      
Distributions to parent per unit (in dollars per share) | $ / shares                 $ 0.43
Estimated fair value of contributions from parent         474,844,000 $ 251,748,000      
Successor Company | CLO management fees | Maximum                  
Management Agreement and Related Party Transactions                  
Entity's percentage in subordinated notes           100.00%      
Successor Company | CLO management fees | CLO 2013-1 and CLO 2013-2                  
Management Agreement and Related Party Transactions                  
Entity's percentage in subordinated notes           100.00%      
Successor Company | Manager                  
Management Agreement and Related Party Transactions                  
Renewal period (in years)           1 year      
Votes for termination, minimum (as a percent)           66.70%      
Notice period for termination (in days)           180 days      
Multiplier used to determine termination fee           4      
Number of 12 month periods considered for calculation of termination fee (in periods) | period           2      
Specified period for which average annual incentive fee to be considered (in months)           12 months      
Successor Company | Manager | Base Management Fees                  
Management Agreement and Related Party Transactions                  
Common share closing price, minimum (in dollars per share) | $ / shares           $ 20.00      
Number of consecutive trading days           5 days      
Related party transaction expense         15,145,000 $ 9,532,000      
Successor Company | Manager | Incentive fees                  
Management Agreement and Related Party Transactions                  
Related party transaction expense         0 0      
Successor Company | Manager | Manager share-based compensation                  
Management Agreement and Related Party Transactions                  
Related party transaction expense         0 0      
Successor Company | Manager | Reimbursable General And Administrative Expenses                  
Management Agreement and Related Party Transactions                  
Related party transaction expense         3,000,000 5,500,000      
Successor Company | Collateral manager | CLO management fees                  
Management Agreement and Related Party Transactions                  
Fees, waived         4,200,000 2,000,000      
Related party transaction expense         18,619,000 28,554,000      
Predecessor Company                  
Management Agreement and Related Party Transactions                  
Related party transaction expense     $ 29,841,000         $ 68,576,000  
Predecessor Company | Manager | Base Management Fees                  
Management Agreement and Related Party Transactions                  
Common shares offering   $ 230,400,000              
Common share right offering   $ 270,000,000              
Fees, waived     2,900,000         8,800,000  
Related party transaction expense     5,253,000         25,029,000  
Predecessor Company | Manager | Incentive fees                  
Management Agreement and Related Party Transactions                  
Related party transaction expense     12,882,000         22,741,000  
Predecessor Company | Manager | Manager share-based compensation                  
Management Agreement and Related Party Transactions                  
Related party transaction expense     690,000         3,524,000  
Predecessor Company | Manager | Reimbursable General And Administrative Expenses                  
Management Agreement and Related Party Transactions                  
Related party transaction expense     2,800,000         9,800,000  
Predecessor Company | Collateral manager | CLO management fees                  
Management Agreement and Related Party Transactions                  
Fees, waived     1,600,000         19,700,000  
Related party transaction expense     11,016,000         17,282,000  
Restricted common shares | Predecessor Company                  
Management Agreement and Related Party Transactions                  
Share-based compensation     1,018,000         4,559,000  
Restricted common shares | Predecessor Company | Manager | Manager share-based compensation                  
Management Agreement and Related Party Transactions                  
Share-based compensation     $ 700,000         $ 3,500,000  
Affiliated Entity | Successor Company                  
Management Agreement and Related Party Transactions                  
Estimated fair value       $ 1,700,000,000 $ 1,700,000,000 $ 734,300,000 $ 1,700,000,000    
Investment in affiliates, number of issuers | issuer       19 19 8 19    
Percent to total investment in corporate loans, debt securities and other investments | Affiliated Investments | Affiliated Entity | Successor Company                  
Management Agreement and Related Party Transactions                  
Concentration risk (as a percent)           11.00% 20.00%    
Corporate loans, at estimated fair value | Affiliated Entity | Successor Company                  
Management Agreement and Related Party Transactions                  
Estimated fair value           $ 723,300,000      
Equity Investments, at Estimated Fair Value | Affiliated Entity | Successor Company                  
Management Agreement and Related Party Transactions                  
Estimated fair value       $ 13,600,000 $ 13,600,000 11,000,000 $ 13,600,000    
Corporate loans | Affiliated Entity | Successor Company                  
Management Agreement and Related Party Transactions                  
Estimated fair value       1,600,000,000 1,600,000,000   1,600,000,000    
Corporate Debt Securities | Affiliated Entity | Successor Company                  
Management Agreement and Related Party Transactions                  
Estimated fair value       9,500,000 9,500,000   9,500,000    
Joint Ventures And Partnerships | Affiliated Entity | Successor Company                  
Management Agreement and Related Party Transactions                  
Estimated fair value       $ 618,600,000 $ 618,600,000 $ 805,500,000 $ 618,600,000