Variable Interest Entities and Consolidated Investment Products (Tables)

3 Months Ended

Mar. 31, 2025

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 March 31, 2025 and December 31, 2024:


	Assets and Liabilities at Fair Value
	Total		Level 1		Level 2		Level 3
March 31, 2025
Assets
Money market funds	$	36,662	$	36,662	$	—	$	—
Equity securities - long position	96,268		96,268		—		—
Fixed income instruments - long position	69,375		—		66,210		3,165
Derivative assets	1,521		59		1,462		—




Liabilities


Derivative liabilities	$	804	$	206	$	598	$	—
Reverse repurchase agreements	98		—		98		—


	Assets and Liabilities at Fair Value
	Total		Level 1		Level 2		Level 3
December 31, 2024
Assets
Money market funds	$	58,239	$	58,239	$	—	$	—
Equity securities - long position	72,547		70,642		1,905		—
Fixed income instruments - long position	381,556		—		359,597		21,959
Derivative assets	934		237		697		—

Private equity	7,103		—		—		7,103

Liabilities
Fixed income instruments - short position	$	7,013	$	—	$	7,013	$	—
Derivative liabilities	516		—		516		—
Reverse repurchase agreements	251		—		251		—

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


	As of March 31, 2025		As of December 31, 2024
Net CIP assets included in the table above	$	202,924	$	512,599
Net CIP assets/(liabilities) not included in the table above	(6,893)		(88,191)
Total Net CIP assets	196,031		424,408
Less: redeemable noncontrolling interests	107,596		327,917
Artisan’s direct equity investment in CIPs	$	88,435	$	96,491