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Intangible Assets and Goodwill | 6 Months Ended
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Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets and Goodwill | 6. Intangible Assets and Goodwill Intangible Assets, Net The following table summarizes the carrying values of intangible assets as of June 30, 2025 and December 31, 2024 (in thousands):
| June 30, 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 |  |  | $ | (116,168) |  |  | $ | 196,832 |  |  | $ | 313,000 |  |  | $ | (92,718) |  |  | $ | 220,282 |
Management contracts | 287,000 |  |  | (57,935) |  |  | 229,065 |  |  | 302,000 |  |  | (53,680) |  |  | 248,320 |
Technology | 46,000 |  |  | (19,167) |  |  | 26,833 |  |  | 46,000 |  |  | (13,417) |  |  | 32,583 |
Investor relationships | 25,000 |  |  | (8,333) |  |  | 16,667 |  |  | 25,000 |  |  | (7,292) |  |  | 17,708 |
Trade name | 15,500 |  |  | (4,697) |  |  | 10,803 |  |  | 15,500 |  |  | (3,288) |  |  | 12,212 |
Other intangible assets(a) | 1,494 |  |  | (462) |  |  | 1,032 |  |  | 8,494 |  |  | (5,892) |  |  | 2,602 |
Total intangible assets, net | $ | 687,994 |  |  | $ | (206,762) |  |  | $ | 481,232 |  |  | $ | 709,994 |  |  | $ | (176,287) |  |  | $ | 533,707 |
_______________ (a)Includes indefinite-lived intangible assets of $1.0 million as of June 30, 2025 and December 31, 2024. The Company recognized no impairment losses on intangible assets during the three and six months ended June 30, 2025 and 2024. Intangible asset amortization expense was $25.8 million and $52.5 million for the three and six months ended June 30, 2025, respectively, and $27.6 million and $55.1 million for the three and six months ended June 30, 2024, respectively. The following table presents estimated remaining amortization expense for finite-lived intangible assets that existed as of June 30, 2025 (in thousands):
Remainder of 2025 |  | $ | 49,044 |
2026 |  | 98,089 |
2027 |  | 96,149 |
2028 |  | 75,304 |
2029 |  | 49,699 |
Thereafter |  | 111,953 |
Total |  | $ | 480,238 |
Goodwill As of June 30, 2025 and December 31, 2024, the carrying value of the Company’s goodwill was $436.1 million. As of June 30, 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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