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Investment In Unconsolidated Affiliate
 9 Months Ended
Sep. 30, 2024
Equity Method Investments and Joint Ventures [Abstract]  
Investment In Unconsolidated Affiliate Investment in Unconsolidated Affiliate
LSV Asset Management
The Company has an investment in LSV Asset Management (LSV), a registered investment advisor that provides investment advisory services primarily to institutions, including pension plans and investment companies. LSV is currently an investment sub-advisor for a limited number of SEI-sponsored investment products. The Company's partnership interest in LSV as of September 30, 2024 was 38.6%. The Company accounts for its interest in LSV using the equity method because of its less than 50% ownership. The Company’s interest in the net assets of LSV is reflected in Investment in unconsolidated affiliate on the accompanying Consolidated Balance Sheets and its interest in the earnings of LSV is reflected in Equity in earnings of unconsolidated affiliate on the accompanying Consolidated Statements of Operations.
At September 30, 2024, the Company’s total investment in LSV was $49,675. The Company's investment includes advances provided to LSV related to their working capital accounts. The Company receives partnership distributions from LSV on a quarterly basis. The Company received partnership distributions from LSV of $112,476 and $100,252 in the nine months ended September 30, 2024 and 2023, respectively. As such, the Company considers these distribution payments as returns on investment rather than returns of the Company's original investment in LSV and has therefore classified the associated cash inflows as an operating activity on the Consolidated Statements of Cash Flows.
The Company’s proportionate share in the earnings of LSV was $36,513 and $29,927 during the three months ended September 30, 2024 and 2023, respectively. During the nine months ended September 30, 2024 and 2023, the Company’s proportionate share in the earnings of LSV was $102,375 and $91,517, respectively.
These tables contain condensed financial information of LSV:
Condensed Statement of OperationsThree Months Ended September 30,Nine Months Ended September 30,
 2024202320242023
Revenues$122,412 $102,183 $343,581 $309,211 
Net income94,634 77,566 265,335 237,119 
Condensed Balance SheetsSeptember 30, 2024December 31, 2023
Current assets$137,776 $169,867 
Non-current assets5,735 6,568 
Total assets$143,511 $176,435 
Current liabilities$66,795 $74,853 
Non-current liabilities5,544 2,182 
Partners’ capital71,172 99,400 
Total liabilities and partners’ capital$143,511 $176,435