XML 37 R26.htm IDEA: XBRL DOCUMENT v3.25.1
Investments (Tables)
 3 Months Ended
Mar. 31, 2025
Investments, Debt and Equity Securities [Abstract]  
Schedule of Equity Method Investments
Investments consist of the following (in thousands):

March 31, 2025December 31, 2024
Equity method - performance allocations$6,195,873 $5,958,079 
Equity method - capital interests (includes assets pledged of $657,356 and $647,448 as of March 31, 2025 and December 31, 2024, respectively)
1,369,749 1,284,255 
Loan held for sale65,591 47,880 
Investments held to maturity, at amortized cost (includes assets pledged of $76,485 and $73,485 as of March 31, 2025 and December 31, 2024, respectively)
82,390 78,941 
Investments held for sale and other(a)
179,263 121,995 
Equity method - other13,083 12,003 
Equity investments139 128 
Total investments$7,906,088 $7,503,281 
_______________
(a)As of March 31, 2025 and December 31, 2024, investments held for sale and other includes $81.3 million and $78.1 million, respectively, of investments held for sale for which the fair value option has been elected.
The following table summarizes net gains (losses) from investment activities (in thousands):
Three Months Ended March 31,
20252024
Net losses of investments held for sale and other$(2,572)$— 
Net losses of equity method investments, fair value option— (5,484)
Net gains (losses) of equity method investments - other474 (116)
Net gains from equity investments11 402 
Total net losses from investment activities$(2,087)$(5,198)
Schedule of Equity Securities
Investments consist of the following (in thousands):

March 31, 2025December 31, 2024
Equity method - performance allocations$6,195,873 $5,958,079 
Equity method - capital interests (includes assets pledged of $657,356 and $647,448 as of March 31, 2025 and December 31, 2024, respectively)
1,369,749 1,284,255 
Loan held for sale65,591 47,880 
Investments held to maturity, at amortized cost (includes assets pledged of $76,485 and $73,485 as of March 31, 2025 and December 31, 2024, respectively)
82,390 78,941 
Investments held for sale and other(a)
179,263 121,995 
Equity method - other13,083 12,003 
Equity investments139 128 
Total investments$7,906,088 $7,503,281 
_______________
(a)As of March 31, 2025 and December 31, 2024, investments held for sale and other includes $81.3 million and $78.1 million, respectively, of investments held for sale for which the fair value option has been elected.
The following table summarizes net gains (losses) from investment activities (in thousands):
Three Months Ended March 31,
20252024
Net losses of investments held for sale and other$(2,572)$— 
Net losses of equity method investments, fair value option— (5,484)
Net gains (losses) of equity method investments - other474 (116)
Net gains from equity investments11 402 
Total net losses from investment activities$(2,087)$(5,198)