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Equity Method Investments
 12 Months Ended
Dec. 31, 2024
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments Equity Method Investments
LSV Asset Management
The Company has an investment in the general partnership 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. As of December 31, 2024, the Company's total partnership interest in LSV was approximately 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 earnings of LSV is reflected in Equity in earnings of unconsolidated affiliates on the accompanying Consolidated Statements of Operations.
At December 31, 2024 and 2023, the Company’s total investment in LSV was $114,299 and $110,781, respectively, and is included in Investments on the accompanying Consolidated Balance Sheets (See Note 5). The Company’s proportionate share in the earnings of LSV was $135,741, $126,930 and $120,667 in 2024, 2023 and 2022, respectively. The Company receives partnership distributions related to the earnings of LSV on a quarterly basis. 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 received partnership distribution payments from LSV of $139,119, $121,582 and $120,849 in 2024, 2023 and 2022, respectively.
These tables contain condensed financial information of LSV:
Condensed Statement of Operations
Year ended December 31,
202420232022
Revenues$457,589 $426,270 $406,895 
Net income$351,815 $328,905 $312,180 
Condensed Balance Sheets
December 31,
20242023
Current assets$170,055 $169,867 
Non-current assets5,313 6,568 
Total assets$175,368 $176,435 
 
Current liabilities$82,356 $74,853 
Non-current liabilities5,382 2,182 
Partners’ capital87,630 99,400 
Total liabilities and partners’ capital$175,368 $176,435 
Other Equity Method Investments
The Company's other equity method investments consist of an investment in a non-affiliated limited partnership in which the Company holds a more than minor interest. At December 31, 2024, the Company’s total investment in the limited partnership was $9,483 and is included in Investments on the accompanying Consolidated Balance Sheets (See Note 5). The Company did not hold any interest in the limited partnership at December 31, 2023.