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Related Party Transactions
9 Months Ended
Sep. 30, 2025
Related Party Transactions [Abstract]  
Related Party Transactions Related Party Transactions
The Company may invest from time to time in funds or products advised by its Affiliates.  The Company’s executive
officers and directors may invest from time to time in funds advised or products offered by its Affiliates, or receive other
investment services provided by its Affiliates, on substantially the same terms as other participating investors.  In addition, the
Company and its Affiliates earn asset- and performance-based fees and incur distribution and other expenses for services
provided to Affiliate sponsored investment products.  Affiliate management owners and the Company’s officers may serve as
trustees or directors of certain investment vehicles from which the Company or an Affiliate earns fees.  Also, from time to time,
the Company may enter into ordinary course engagements for capital markets, banking, brokerage, and other services with
beneficial owners of 5% or more of the Company’s voting securities.
A prior owner of one of the Company’s consolidated Affiliates retains interests in certain of the Affiliate’s private equity
partnerships and, as a result, is a related party of the Company.  The prior owner’s interests are included in Other liabilities and
were $14.5 million and $12.3 million as of December 31, 2024 and September 30, 2025, respectively.
From time to time, certain funds of the Company’s consolidated Affiliates may make tax distributions to partners subject to
clawback.  The total receivable was $59.2 million and $66.2 million as of December 31, 2024 and September 30, 2025,
respectively, and was included in Other assets on the Consolidated Balance Sheets.  The total payable was $87.8 million and
$88.7 million as of December 31, 2024 and September 30, 2025, respectively, and was included in Other liabilities.  These
amounts were primarily attributable to the non-controlling interests.
The Company has related party transactions in association with its deferred and contingent payment obligations, and
Affiliate equity transactions, as more fully described in Notes 7, 13, and 14.