v3.25.3
Consolidated Investment Products - Schedule of Financial Condition (Details) - USD ($)
$ in Thousands
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Assets                
Cash and cash equivalents $ 37,723     $ 14,446        
Fees receivable 6,816     8,344        
Investments, at fair value 83,060     91,435        
Other assets 23,941     19,247        
Other investments 21,776     13,443        
Digital assets 16,198     13,240        
Intangible assets, net 41,292     42,169        
Goodwill 23,373     23,373        
Assets of discontinued operations       4,364        
Other assets 12,370     6,959        
Total assets 2,182,715     2,028,176        
Liabilities:                
Accounts payable, accrued expenses and other 16,420     21,547        
Accrued third party distribution expenses 417     6,522        
Deferred revenue 60     222        
Due to affiliates $ 7,750     $ 11,597        
Other Liability, Related Party [Extensible Enumeration] us-gaap:RelatedPartyMember     us-gaap:RelatedPartyMember        
Deferred tax liability, net $ 80,933     $ 95,683        
Due to affiliates $ 7,750     $ 11,597        
Other Liability, Noncurrent, Related Party [Extensible Enumeration] us-gaap:RelatedPartyMember     us-gaap:RelatedPartyMember        
Liabilities of discontinued operations       $ 464        
Operating lease liability $ 8,868     7,379        
Total liabilities 118,738     147,693        
Commitments and contingencies            
Redeemable noncontrolling interests 1,708,580     1,540,312        
Equity interests 355,397 $ 349,485 $ 361,018 340,171 $ 265,372 $ 264,257 $ 252,598 $ 209,088
Total liabilities, noncontrolling interests, and shareholders' equity 2,182,715     2,028,176        
Eliminations                
Assets                
Fees receivable (1,529)     (50,377)        
Other investments (225,708)     (215,427)        
Other assets       (8)        
Total assets (227,237)     (265,812)        
Liabilities:                
Accounts payable, accrued expenses and other (0)     (8)        
Due to affiliates $ (1,575)     $ (50,375)        
Other Liability, Related Party [Extensible Enumeration] us-gaap:RelatedPartyMember     us-gaap:RelatedPartyMember        
Other liabilities $ (0)              
Total liabilities (1,575)     $ (50,383)        
Commitments and contingencies              
Redeemable noncontrolling interests (41,828)     (34,102)        
Equity interests (183,834)     (181,327)        
Total liabilities, noncontrolling interests, and shareholders' equity (227,237)     (265,812)        
Consolidated Company Entities | Operating Segments                
Assets                
Cash and cash equivalents 37,723     14,446        
Fees receivable 8,345     58,721        
Investments, at fair value 83,060     91,435        
Other investments 247,484     228,870        
Digital assets 16,198     13,240        
Intangible assets, net 41,292     42,169        
Goodwill 23,373     23,373        
Assets of discontinued operations       4,364        
Other assets 12,370     6,967        
Total assets 469,845     483,585        
Liabilities:                
Accounts payable, accrued expenses and other 16,420     21,547        
Accrued third party distribution expenses 417     6,522        
Deferred revenue 60     222        
Deferred tax liability, net 80,933     95,683        
Due to affiliates $ 7,750     $ 11,597        
Other Liability, Noncurrent, Related Party [Extensible Enumeration] us-gaap:RelatedPartyMember     us-gaap:RelatedPartyMember        
Liabilities of discontinued operations       $ 464        
Operating lease liability $ 8,868     7,379        
Total liabilities 114,448     143,414        
Commitments and contingencies              
Equity interests 355,397     340,171        
Total liabilities, noncontrolling interests, and shareholders' equity 469,845     483,585        
Consolidated Investment Products                
Assets                
Cash and cash equivalents 24,334     44,306        
Investments, at fair value 1,891,832     1,746,850        
Digital assets 235,686     194,565        
Liabilities:                
Accounts payable, accrued expenses and other 3,864     1,486        
Other liabilities 426     2,793        
Consolidated Investment Products | Operating Segments                
Assets                
Cash and cash equivalents 24,334     44,306        
Investments, at fair value 1,891,832     1,746,850        
Other assets 23,941     19,247        
Total assets 1,940,107     1,810,403        
Liabilities:                
Accounts payable, accrued expenses and other 3,864     1,494        
Due to affiliates $ 1,575     $ 50,375        
Other Liability, Related Party [Extensible Enumeration] us-gaap:RelatedPartyMember     us-gaap:RelatedPartyMember        
Other liabilities $ 426     $ 2,793        
Total liabilities 5,865     54,662        
Commitments and contingencies              
Redeemable noncontrolling interests 1,750,408     1,574,414        
Equity interests 183,834     181,327        
Total liabilities, noncontrolling interests, and shareholders' equity $ 1,940,107     $ 1,810,403