Variable Interest Entities and Consolidated Investment Products (Tables)

9 Months Ended

Sep. 30, 2024

Fair Value Measurements, Recurring and Non-recurring [Abstract]

Variable Interest Entities and Consolidated Investment Products

The following tables present the fair value hierarchy levels of assets and liabilities held by CIPs measured at fair value as of September 30, 2024 and December 31, 2023:


	Assets and Liabilities at Fair Value
	Total		Level 1		Level 2		Level 3
September 30, 2024
Assets
Money market funds	$	16,489	$	16,489	$	—	$	—
Equity securities - long position	69,721		67,418		2,303		—
Fixed income instruments - long position	335,881		—		328,256		7,625
Derivative assets	1,256		8		1,248		—

Private equity	6,895		—		—		6,895


Liabilities

Fixed income instruments - short position	$	6,932	$	—	$	6,932	$	—
Derivative liabilities	505		52		453		—
Repurchase agreements	1,423		—		1,423		—


	Assets and Liabilities at Fair Value
	Total		Level 1		Level 2		Level 3
December 31, 2023
Assets
Money market funds	$	18,156	$	18,156	$	—	$	—
Equity securities - long position	42,693		40,838		1,855		—
Fixed income instruments - long position	315,183		—		309,110		6,073
Derivative assets	1,004		—		1,004		—
Short-term investments	5,215		—		5,215		—

Liabilities
Fixed income instruments - short position	$	7,392	$	—	$	7,392	$	—
Derivative liabilities	2,188		843		1,345		—

CIP balances included in the Company’s unaudited condensed consolidated statements of financial condition were as follows:


	As of September 30, 2024		As of December 31, 2023
Net CIP assets included in the table above	$	421,382	$	372,671
Net CIP assets/(liabilities) not included in the table above	(22,748)		(5,434)
Total Net CIP assets	398,634		367,237
Less: redeemable noncontrolling interests	298,987		252,406
Artisan’s direct equity investment in CIPs	$	99,647	$	114,831