v3.26.1
Consolidated Statements of Changes in Unitholders' Capital - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Increase (Decrease) in Stockholders' Equity [Roll Forward]      
Beginning balance $ 2,401,364 $ 2,584,906 $ 1,906,638
Capital contributions 114,437 99,527 583,402
Deconsolidation of Oaktree Capital I   (269,563)  
Equity reallocation between controlling and non-controlling interests   (271) (1,900)
Capital increase related to equity-based compensation     0
Distributions declared (502,444) (380,895) (190,943)
Net income 250,865 369,161 294,238
Foreign currency translation adjustment, net of tax 0 (1,501) (6,529)
Unrealized gain on interest-rate swap designated as cash-flow hedge, net of tax     0
Ending balance 2,264,222 2,401,364 2,584,906
Paid-in Capital      
Increase (Decrease) in Stockholders' Equity [Roll Forward]      
Beginning balance 1,663,384 1,529,909 908,142
Capital contributions 114,437 99,527 583,402
Equity reallocation between controlling and non-controlling interests   33,948 38,365
Capital increase related to equity-based compensation     0
Ending balance 1,777,821 1,663,384 1,529,909
Retained Earnings (Accumulated Deficit)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]      
Beginning balance 329,631 334,314 246,353
Distributions declared (475,128) (284,891) (105,900)
Net income 221,922 280,208 193,861
Ending balance 76,425 329,631 334,314
Accumulated Other Comprehensive Income (Loss)      
Increase (Decrease) in Stockholders' Equity [Roll Forward]      
Beginning balance 0 (13,096) (9,101)
Deconsolidation of Oaktree Capital I   14,122  
Foreign currency translation adjustment, net of tax   (1,026) (3,995)
Ending balance 0 0 (13,096)
Non-controlling Interests in Consolidated Subsidiaries      
Increase (Decrease) in Stockholders' Equity [Roll Forward]      
Beginning balance 7,765 333,195 360,660
Capital contributions   0 0
Deconsolidation of Oaktree Capital I   (283,685)  
Equity reallocation between controlling and non-controlling interests   (34,219) (40,265)
Capital increase related to equity-based compensation     0
Distributions declared   (68,688) (57,727)
Net income 1,627 61,637 73,061
Foreign currency translation adjustment, net of tax   (475) (2,534)
Ending balance $ 9,392 $ 7,765 $ 333,195
Class A Units      
Increase (Decrease) in Stockholders' Equity [Roll Forward]      
Beginning balance (in shares) 116,373,234    
Ending balance (in shares) 118,832,320 116,373,234  
Class A Units | Common Stock      
Increase (Decrease) in Stockholders' Equity [Roll Forward]      
Beginning balance (in shares) 116,373,000 109,199,000 103,081,000
Unit exchange (in shares) 2,459,000 7,174,000 6,118,000
Ending balance (in shares) 118,832,000 116,373,000 109,199,000
Class B Units      
Increase (Decrease) in Stockholders' Equity [Roll Forward]      
Beginning balance (in shares) 43,822,210    
Ending balance (in shares) 41,758,979 43,822,210  
Class B Units | Common Stock      
Increase (Decrease) in Stockholders' Equity [Roll Forward]      
Beginning balance (in shares) 43,823,000 50,916,000 56,922,000
Issuance of units (in shares) 396,000 81,000 137,000
Unit exchange (in shares) (2,459,000) (7,174,000) (6,118,000)
Cancellation of units associated with forfeitures (in shares)     (25,000)
Ending balance (in shares) 41,760,000 43,823,000 50,916,000
Series A Preferred Units | Preferred Stock      
Increase (Decrease) in Stockholders' Equity [Roll Forward]      
Beginning balance $ 173,669 $ 173,669 $ 173,669
Distributions declared (11,924) (11,924) (11,924)
Net income 11,924 11,924 11,924
Ending balance 173,669 173,669 173,669
Series B Preferred Units | Preferred Stock      
Increase (Decrease) in Stockholders' Equity [Roll Forward]      
Beginning balance 226,915 226,915 226,915
Distributions declared (15,392) (15,392) (15,392)
Net income 15,392 15,392 15,392
Ending balance $ 226,915 $ 226,915 $ 226,915