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Derivatives (Tables)
 12 Months Ended
Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Effect of Foreign Currency Forward Contracts on Consolidated Statement of Operations
The table below presents the impact to the consolidated statements of operations from derivative contracts that were not designated in a qualifying hedging relationship during the year ended December 31, 2024 and December 31, 2023 and for the period from January 27, 2022 (Inception) to December 31, 2022:
Year Ended December 31, 2024Year Ended December 31, 2023Period from January 27, 2022 (Inception) to December 31, 2022
Net change in unrealized gain (loss) on foreign currency forward contracts$90 $(44)$— 
Net change in unrealized gain (loss) on interest rate swaps(1)
(8,620)— — 
Net change in unrealized gain (loss) on interest rate options812 — — 
(1) Represents the change in unrealized gain (loss) on interest rate swaps before swaps were designated as fair value hedges.
Schedule of Impact to Consolidated Statements of Operations from Hedge Accounting
The table below presents the impact to the consolidated statements of operations from derivative assets and liabilities designated in a qualifying hedge accounting relationship for the year ended December 31, 2024 and December 31, 2023 and for the period from January 27, 2022 (Inception) to December 31, 2022:
(Amounts in thousands)Year Ended December 31, 2024Year Ended December 31, 2023Period from January 27, 2022 (Inception) to December 31, 2022Financial Statement Location
Interest rate swaps$(5,218)$— $— Interest expense
Hedged items$5,301 $— $— Interest expense
Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location
The table below presents the carrying value of unsecured borrowings as of December 31, 2024 that are designated in a qualifying hedging relationship and the related cumulative hedging adjustment (increase/(decrease)) from current and prior hedging relationships included in such carrying values:
DescriptionPricipal Amount (Amounts in thousands)Carrying Value (Amounts in thousands)Cumulative Hedging Adjustments (Amounts in thousands)
Series A, Tranche A Notes$90,000 $89,732 (268)
Series A, Tranche B Notes150,000 148,799 (1,201)
Series B, Tranche A Notes85,000 84,330 (670)
Series B, Tranche C Notes290,000 286,838 (3,162)
Total$615,000 $609,699 (5,301)