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Equity Method Investments
 3 Months Ended
Mar. 31, 2025
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments Equity Method Investments
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 March 31, 2025 was 38.6%. The Company’s interest in the net assets of LSV is included in Investments 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 March 31, 2025 and December 31, 2024, the Company’s total investment in LSV was $53,673 and $114,299, respectively. 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 $34,860 and $33,147 in the three months ended March 31, 2025 and 2024, 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 $28,747 and $31,643 during the three months ended March 31, 2025 and 2024, respectively.
These tables contain condensed financial information of LSV:
Condensed Statement of OperationsThree Months Ended March 31,
 20252024
Revenues$99,928 $107,349 
Net income74,514 82,012 
Condensed Balance SheetsMarch 31, 2025December 31, 2024
Current assets$112,698 $170,055 
Non-current assets5,211 5,313 
Total assets$117,909 $175,368 
Current liabilities$40,897 $82,356 
Non-current liabilities5,217 5,382 
Partners’ capital71,795 87,630 
Total liabilities and partners’ capital$117,909 $175,368 
Other Equity Method Investments
The Company's other equity method investment consist of an investment in a non-affiliated limited partnership in which the Company holds a more than minor interest. At March 31, 2025 and 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).