v3.26.1
INVESTMENTS AND FAIR VALUE DISCLOSURES - Schedule of Assets and Liabilities Measured at Fair Value (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Preferred equity investment, at fair value $ 310,171 $ 290,594
Equity investments in the Company’s products 108,545 61,906
CLOs 4,623 5,653
Total Investments, at Fair Value 423,339 358,153
Total Assets, at Fair Value 478,745 358,153
TRA liability 98,659 106,793
Earnout liability 93,700 163,700
Total Liabilities, at Fair Value 192,359 270,493
Money market funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash Equivalents, at Fair Value 55,406  
Level I    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Preferred equity investment, at fair value 0 0
Equity investments in the Company’s products 0 0
CLOs 0 0
Total Investments, at Fair Value 0  
Total Assets, at Fair Value 55,406 0
TRA liability 0 0
Earnout liability 0 0
Total Liabilities, at Fair Value 0 0
Level I | Money market funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash Equivalents, at Fair Value 55,406  
Level II    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Preferred equity investment, at fair value 0 0
Equity investments in the Company’s products 108,545 61,906
CLOs 0 0
Total Investments, at Fair Value 108,545  
Total Assets, at Fair Value 108,545 61,906
TRA liability 0 0
Earnout liability 0 0
Total Liabilities, at Fair Value 0 0
Level II | Money market funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash Equivalents, at Fair Value 0  
Level III    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Preferred equity investment, at fair value 310,171 290,594
Equity investments in the Company’s products 0 0
CLOs 4,623 5,653
Total Investments, at Fair Value 314,794  
Total Assets, at Fair Value 314,794 296,247
TRA liability 98,659 106,793
Earnout liability 93,700 163,700
Total Liabilities, at Fair Value 192,359 $ 270,493
Level III | Money market funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Cash Equivalents, at Fair Value $ 0