Debt Fund

3 Months Ended

Mar. 31, 2026

Investments, Debt and Equity Securities [Abstract]

Debt Fund

Debt Fund

As of March 31, 2026, total capital committed to the Fund by all investors was $1.3 billion, of which $303.6 million had been funded. As of March 31, 2026, the Company's share of the total capital committed to the Fund was $118.6 million, of which $26.6 million had been funded.

During the three months ended March 31, 2026, the Fund made additional investments with an aggregate fair value of $139.8 million. During the three months ended March 31, 2026, no investments were repaid.

The Fund has a term of 7 years from its initial closing in November 2024. The term may be extended for up to three consecutive one-year periods. The Fund has an investment period of 3.5 years from its initial closing in November 2024, which may be extended for one year. During the investment period, the Fund is our primary investment vehicle for investments that fit within the Fund's investment parameters, as set forth in the Fund's operating agreements.