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SEGMENT REPORTING - Schedule of Reconciliation of Segment Results to the Company's Income before Taxes and Total Assets (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2024 | Sep. 30, 2023 | Sep. 30, 2024 | Sep. 30, 2023
Adjustments: |  |  |  |
Depreciation and amortization expense | $ 28,900 | $ 31,000 | $ 87,100 | $ 95,000
Consolidated Funds |  |  |  |
Adjustments: |  |  |  |
Total investment loss—realized | (234,681) | (255,600) | (732,316) | (712,992)
Operating segment |  |  |  |
Segment Reporting, Other Significant Reconciling Item [Line Items] |  |  |  |
Income before taxes | 327,106 | 226,872 | 875,479 | 849,963
Adjustments: |  |  |  |
Depreciation and amortization expense | 46,005 | 105,524 | 118,900 | 194,174
Equity compensation expense | 85,612 | 61,976 | 266,267 | 192,964
Acquisition-related compensation expense | 5,435 | 589 | 16,374 | 1,831
Acquisition and merger-related expense | 25,166 | 2,414 | 39,394 | 10,126
Placement fee adjustment | (4,485) | 944 | 825 | (6,032)
Other (income) expense, net | 3,389 | 286 | (7,910) | 589
Total performance (income) loss—unrealized | (263,553) | 31,400 | (95,759) | (384,533)
Total performance related compensation—unrealized | 180,174 | (38,650) | 8,478 | 261,996
Investment (income) loss—unrealized | 10,308 | (36,966) | 28,929 | (105,372)
Realized income | 491,378 | 401,452 | 1,429,849 | 1,221,884
Total performance income—realized | (22,108) | (17,797) | (154,931) | (189,568)
Total performance related compensation—realized | 13,234 | 10,504 | 95,386 | 133,472
Total investment loss—realized | 9,790 | 17,163 | 35,280 | 20,446
Fee related earnings | 492,294 | 411,322 | 1,405,584 | 1,186,234
Operating segment | Consolidated Funds |  |  |  |
Adjustments: |  |  |  |
Income before taxes of non-controlling interests in Consolidated Funds, net of eliminations | (65,998) | (84,429) | (242,065) | (179,362)
Operating segment | Subsidiaries |  |  |  |
Adjustments: |  |  |  |
Income before taxes of non-controlling interests in Consolidated Funds, net of eliminations | (10,544) | (5,007) | (18,148) | (6,892)
OMG |  |  |  |
Adjustments: |  |  |  |
OMG expense, net | 152,763 | 136,499 | 439,085 | 392,432
Realized income | 152,622 | 136,999 | 438,779 | 390,929
Total performance income—realized | 0 | 0 | 0 | 0
Total performance related compensation—realized | 0 | 0 | 0 | 0
Fee related earnings | $ 152,983 | $ 137,090 | $ 440,087 | $ 391,219

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