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Intangible Assets and Goodwill | 3 Months Ended
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Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets and Goodwill | 5. Intangible Assets and Goodwill Intangible Assets, Net The following table summarizes the carrying values of intangible assets as of March 31, 2025 and December 31, 2024 (in thousands):
| March 31, 2025 |  | December 31, 2024
| Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value
Contractual performance fee allocations | $ | 313,000 |  |  | $ | (104,443) |  |  | $ | 208,557 |  |  | $ | 313,000 |  |  | $ | (92,718) |  |  | $ | 220,282 |
Management contracts | 302,000 |  |  | (63,307) |  |  | 238,693 |  |  | 302,000 |  |  | (53,680) |  |  | 248,320 |
Technology | 46,000 |  |  | (16,292) |  |  | 29,708 |  |  | 46,000 |  |  | (13,417) |  |  | 32,583 |
Investor relationships | 25,000 |  |  | (7,813) |  |  | 17,187 |  |  | 25,000 |  |  | (7,292) |  |  | 17,708 |
Trade name | 15,500 |  |  | (3,992) |  |  | 11,508 |  |  | 15,500 |  |  | (3,288) |  |  | 12,212 |
Other intangible assets(a) | 8,494 |  |  | (7,066) |  |  | 1,428 |  |  | 8,494 |  |  | (5,892) |  |  | 2,602 |
Total intangible assets, net | $ | 709,994 |  |  | $ | (202,913) |  |  | $ | 507,081 |  |  | $ | 709,994 |  |  | $ | (176,287) |  |  | $ | 533,707 |
_______________ (a)Includes indefinite-lived intangible assets of $1.0 million as of March 31, 2025 and December 31, 2024. The Company recognized no impairment losses on intangible assets during the three months ended March 31, 2025 and 2024. Intangible asset amortization expense was $26.6 million and $27.6 million for the three months ended March 31, 2025 and 2024, respectively. The following table presents estimated remaining amortization expense for finite-lived intangible assets that existed as of March 31, 2025 (in thousands):
Remainder of 2025 |  | $ | 74,893 |
2026 |  | 98,089 |
2027 |  | 96,149 |
2028 |  | 75,304 |
2029 |  | 49,699 |
Thereafter |  | 111,953 |
Total |  | $ | 506,087 |
Goodwill As of March 31, 2025 and December 31, 2024, the carrying value of the Company’s goodwill was $436.1 million. As of March 31, 2025, there have been no impairment losses recognized on goodwill.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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