Revenue |
Revenue The following table represents the Company’s revenue disaggregated by fee type for the periods presented below: | | | | | | | | | | | | | | | | | | | | | | | | | For the Three Months Ended | | For the Nine Months Ended | (Dollars in Thousands) | September 30, 2024 | | September 30, 2023 | | September 30, 2024 | | September 30, 2023 | | | | | | | | | Management/advisory fees | $ | 49,633 | | | $ | 44,004 | | | $ | 142,886 | | | $ | 137,318 | | Incentive fees | 88 | | | 885 | | | 304 | | | 1,931 | | Distributions from investments | 3,562 | | | 2,596 | | | 9,972 | | | 14,829 | | Other fees/income | 60 | | | 701 | | | 446 | | | 3,440 | | Total Income | $ | 53,343 | | | $ | 48,186 | | | $ | 153,608 | | | $ | 157,518 | |
| | | | | | | | | | | | (Dollars in Thousands) | As of September 30, 2024
| | As of December 31, 2023
| | | | | Management/advisory fees receivable | | | | Beginning balance | $ | 29,539 | | | $ | 30,698 | | Ending balance (1) | 33,603 | | | 29,539 | | | | | | Incentive fees receivable | | | | Beginning balance | $ | 40,356 | | | $ | 7,570 | | Ending balance (2) | 54 | | | 40,356 | | | | | | Other fees/income receivable | | | | Beginning balance | $ | 526 | | | $ | 4,112 | | Ending balance | 106 | | | 526 | | | | | | Deferred management/advisory fees | | | | Beginning balance | $ | (66) | | | $ | (945) | | Ending balance | (93) | | | (66) | | | | | | | | | | | | | | | | | | | | | | Deferred other fees/income | | | | Beginning balance | $ | — | | | $ | (422) | | Ending balance | — | | | — | |
(1) As of September 30, 2024 and December 31, 2023, this amount includes $1.1 million and $1.2 million, respectively, in Management/advisory fees receivable due from related parties. See Note 16 (Related Party Transactions) for further details. (2) As of September 30, 2024 and December 31, 2023, this amount includes $0.0 million and $14.9 million, respectively, in Incentive fees receivable due from related parties. See Note 16 (Related Party Transactions) for further details.
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