v3.26.1
INVESTMENTS AND FAIR VALUE DISCLOSURES - Schedule of Change in Fair Value of Level III Measurements (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance $ 308,060 $ 275,964 $ 296,247 $ 272,338
Purchases 9,475 8,418 18,571 20,485
Net gains (losses) (2,741) (4,880) (24) (13,321)
Ending Balance 314,794 279,502 314,794 279,502
Change in net unrealized gains (losses) on assets still recognized at the reporting date $ (2,741) $ (4,880) $ (24) $ (13,321)
Fair value, asset, recurring basis, unobservable input reconciliation, gain (loss), statement of income or comprehensive income [Extensible Enumeration] Nonoperating Income (Expense) Nonoperating Income (Expense) Nonoperating Income (Expense) Nonoperating Income (Expense)
Fair value, asset, recurring basis, still held, unrealized gain (loss), statement of income or comprehensive income [Extensible Enumeration] Nonoperating Income (Expense) Nonoperating Income (Expense) Nonoperating Income (Expense) Nonoperating Income (Expense)
Beginning balance $ 243,348 $ 402,908 $ 270,493 $ 276,169
Issuances 0   0 140,083
Settlements (59,909) (113,350) (74,009) (127,906)
Net (gains) losses 8,920 (18,358) (4,125) (17,146)
Ending Balance 192,359 271,200 192,359 271,200
Change in net unrealized losses on liabilities still recognized at the reporting date $ 8,920 $ (6,392) $ (4,125) $ 14,499
Fair value, liability, recurring basis, unobservable input reconciliation, gain (loss), statement of income or comprehensive income [Extensible Enumeration] Nonoperating Income (Expense) Nonoperating Income (Expense) Nonoperating Income (Expense) Nonoperating Income (Expense)
Fair value, liability, recurring basis, still held, unrealized gain (loss), statement of income or comprehensive income [Extensible Enumeration] Nonoperating Income (Expense) Nonoperating Income (Expense) Nonoperating Income (Expense) Nonoperating Income (Expense)
Cumulative dividends $ 9,500 $ 8,400 $ 18,600 $ 16,500
TRA Liability        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance 95,748 97,228 106,793 108,257
Issuances 0   0 0
Settlements 0 0 (14,100) (14,556)
Net (gains) losses 2,911 2,274 5,966 5,801
Ending Balance 98,659 99,502 98,659 99,502
Change in net unrealized losses on liabilities still recognized at the reporting date $ 2,911 $ 2,274 $ 5,966 $ 5,801
Fair value, liability, recurring basis, unobservable input reconciliation, gain (loss), statement of income or comprehensive income [Extensible Enumeration] Nonoperating Income (Expense) Nonoperating Income (Expense) Nonoperating Income (Expense) Nonoperating Income (Expense)
Fair value, liability, recurring basis, still held, unrealized gain (loss), statement of income or comprehensive income [Extensible Enumeration] Nonoperating Income (Expense) Nonoperating Income (Expense) Nonoperating Income (Expense) Nonoperating Income (Expense)
Earnout Liability        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance $ 147,600 $ 305,680 $ 163,700 $ 167,912
Issuances 0   0 140,083
Settlements (59,909) (113,350) (59,909) (113,350)
Net (gains) losses 6,009 (20,632) (10,091) (22,947)
Ending Balance 93,700 171,698 93,700 171,698
Change in net unrealized losses on liabilities still recognized at the reporting date $ 6,009 $ (8,666) $ (10,091) $ 8,698
Fair value, liability, recurring basis, unobservable input reconciliation, gain (loss), statement of income or comprehensive income [Extensible Enumeration] Nonoperating Income (Expense) Nonoperating Income (Expense) Nonoperating Income (Expense) Nonoperating Income (Expense)
Fair value, liability, recurring basis, still held, unrealized gain (loss), statement of income or comprehensive income [Extensible Enumeration] Nonoperating Income (Expense) Nonoperating Income (Expense) Nonoperating Income (Expense) Nonoperating Income (Expense)
Preferred Equity        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance $ 303,685 $ 268,263 $ 290,594 $ 267,169
Purchases 9,475 8,418 18,571 16,499
Net gains (losses) (2,989) (4,051) 1,006 (11,038)
Ending Balance 310,171 272,630 310,171 272,630
Change in net unrealized gains (losses) on assets still recognized at the reporting date $ (2,989) $ (4,051) $ 1,006 $ (11,038)
Fair value, asset, recurring basis, unobservable input reconciliation, gain (loss), statement of income or comprehensive income [Extensible Enumeration] Nonoperating Income (Expense) Nonoperating Income (Expense) Nonoperating Income (Expense) Nonoperating Income (Expense)
Fair value, asset, recurring basis, still held, unrealized gain (loss), statement of income or comprehensive income [Extensible Enumeration] Nonoperating Income (Expense) Nonoperating Income (Expense) Nonoperating Income (Expense) Nonoperating Income (Expense)
CLOs        
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]        
Beginning balance $ 4,375 $ 7,701 $ 5,653 $ 5,169
Purchases 0 0 0 3,986
Net gains (losses) 248 (829) (1,030) (2,283)
Ending Balance 4,623 6,872 4,623 6,872
Change in net unrealized gains (losses) on assets still recognized at the reporting date $ 248 $ (829) $ (1,030) $ (2,283)
Fair value, asset, recurring basis, unobservable input reconciliation, gain (loss), statement of income or comprehensive income [Extensible Enumeration] Nonoperating Income (Expense) Nonoperating Income (Expense) Nonoperating Income (Expense) Nonoperating Income (Expense)
Fair value, asset, recurring basis, still held, unrealized gain (loss), statement of income or comprehensive income [Extensible Enumeration] Nonoperating Income (Expense) Nonoperating Income (Expense) Nonoperating Income (Expense) Nonoperating Income (Expense)