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GOODWILL AND INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Carrying Value for the Company's Intangible Assets | The following table summarizes the carrying value, net of accumulated amortization, of the Company’s intangible assets:
| Weighted Average Amortization Period (in years) as of December 31, 2024 |  | As of December 31,
|  | 2024 |  | 2023
Management contracts | 4.0 |  | $ | 590,675 |  |  | $ | 604,242 |
Client relationships | 7.7 |  | 210,720 |  |  | 200,920 |
Other | 0.0 |  | 500 |  |  | 500 |
Finite-lived intangible assets |  |  | 801,895 |  |  | 805,662 |
Foreign currency translation |  |  | (789) |  |  | 1,126 |
Total finite-lived intangible assets |  |  | 801,106 |  |  | 806,788 |
Less: accumulated amortization |  |  | (393,078) |  |  | (316,093) |
Finite-lived intangible assets, net |  |  | 408,028 |  |  | 490,695 |
Indefinite-lived management contracts |  |  | 567,800 |  |  | 567,800 |
Intangible assets, net |  |  | $ | 975,828 |  |  | $ | 1,058,495 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | As of December 31, 2024, future annual amortization of finite-lived intangible assets for the years 2025 through 2029 and thereafter is estimated to be:
Year | Amortization
2025 | $ | 107,317 |
2026 | 81,538 |
2027 | 70,153 |
2028 | 46,236 |
2029 | 39,859 |
Thereafter | 62,925 |
Total | $ | 408,028 |
Schedule of Goodwill Rollforward | The following table summarizes the carrying value of the Company’s goodwill:
| Credit Group |  | Real Assets Group |  | Private Equity Group |  | Secondaries Group |  | Other |  | Total
Balance as of December 31, 2022 | $ | 32,196 |  |  | $ | 277,183 |  |  | $ | 48,070 |  |  | $ | 417,620 |  |  | $ | 224,587 |  |  | $ | 999,656 |
Acquisitions | — |  |  | 22 |  |  | 124,392 |  |  | — |  |  | — |  |  | 124,414 |
Reallocation | 224,587 |  |  | — |  |  | — |  |  | — |  |  | (224,587) |  |  | — |
Foreign currency translation | (104) |  |  | — |  |  | — |  |  | 10 |  |  | — |  |  | (94) |
Balance as of December 31, 2023 | 256,679 |  |  | 277,205 |  |  | 172,462 |  |  | 417,630 |  |  | — |  |  | 1,123,976 |
Acquisitions | — |  |  | 35,091 |  |  | 4,605 |  |  | — |  |  | — |  |  | 39,696 |
Reallocation | 55,658 |  |  | — |  |  | (55,658) |  |  | — |  |  | — |  |  | — |
Foreign currency translation | (305) |  |  | (727) |  |  | (1) |  |  | (3) |  |  | — |  |  | (1,036) |
Balance as of December 31, 2024 | $ | 312,032 |  |  | $ | 311,569 |  |  | $ | 121,408 |  |  | $ | 417,627 |  |  | $ | — |  |  | $ | 1,162,636 |

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