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Intangible Assets
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Intangible Assets
Intangible assets, net consist of the following:
As of December 31, 2024
Gross carrying amountAccumulated amortizationNet carrying amount
Subject to amortization:
Investment management contracts$36,190 $(36,190)$— 
Customer relationships23,518 (22,204)1,314 
Technology2,030 (2,030)— 
Other620 (620)— 
$62,358 $(61,044)$1,314 
As of December 31, 2023
Gross carrying amountAccumulated amortizationNet carrying amount
Subject to amortization:
Investment management contracts$36,190 $(36,190)$— 
Customer relationships23,518 (20,891)2,627 
Technology2,030 (2,030)— 
Other620 (620)— 
$62,358 $(59,731)$2,627 
Amortization expense of $1.3 million, $1.3 million and $2.3 million was recognized for the years ended December 31, 2024, 2023 and 2022, respectively.
The following approximates the future estimated amortization expense relating to intangible assets:
Year Ended December 31,
2025$1,314 
2026— 
2027— 
2028— 
2029— 
Thereafter
—