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Intangible Assets and Goodwill (Tables) | 6 Months Ended
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Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Finite-Lived Intangible Assets | 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.
Schedule of Indefinite-Lived Intangible Assets | 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.
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | 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 |

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