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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities      
Net income (loss) $ 36,604 $ (29,206) $ 79,482
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization expense 3,320 2,696 3,856
Equity-based compensation, equity-classified awards 31,366 21,606 25,424
Deferred income tax expense 7,761 2,826 5,843
Other non-cash compensation 558 1,157 1,336
Partnership interest-based compensation 72,068 103,934 31,811
Amortization of debt issuance costs 902 1,100 1,111
Amortization of terminated swap (7,604) (6,703) 4,171
Proceeds received for terminated interest rate derivatives 0 0 40,344
Loss on extinguishment of debt 157 0 0
Change in fair value of warrant liabilities 16,079 (1,429) (20,551)
Change in payable to related parties pursuant to tax receivable agreement 859 1,583 (729)
Proceeds received from investments 13,089 10,485 21,771
Non-cash investment income (15,589) (11,640) (10,108)
Non-cash lease expense 5,589 6,911 3,856
Other 519 513 87
Change in assets and liabilities:      
Management fees receivable (3,438) (6,207) 2,803
Incentive fees receivable (30,975) (10,893) 75,123
Due from related parties 900 (462) (1,342)
Other assets (3,500) 2,344 (1,061)
Accrued compensation and employee related obligations 13,170 8,222 (40,202)
Lease liabilities 4,221 (7,022) (5,512)
Accrued expenses and other liabilities 2,718 2,250 (1,000)
Net cash provided by operating activities 148,774 92,065 216,513
Cash flows from investing activities      
Purchases of premises and equipment (16,729) (3,763) (782)
Contributions/subscriptions to investments (26,241) (27,635) (29,436)
Distributions from investments 11,136 12,558 20,145
Net cash used in investing activities (31,834) (18,840) (10,073)
Cash flows from financing activities      
Capital contributions received from noncontrolling interest 1,869 2,255 1,789
Capital distributions paid to partners and member (69,627) (58,278) (118,349)
Capital distributions paid to the noncontrolling interest (12,389) (15,431) (37,399)
Proceeds from senior loan issuance 50,000 0 0
Principal payments on senior loan (3,190) (4,000) (4,000)
Debt issuance costs (556) 0 0
Payments to repurchase Class A common stock 0 (4,478) (26,391)
Payments to repurchase warrants 0 0 (2,569)
Settlement of equity-based compensation in satisfaction of withholding tax requirements (12,747) (10,219) (6,445)
Dividends paid (20,549) (20,321) (18,432)
Payments to related parties, pursuant to tax receivable agreement (3,189) (3,190) (3,271)
Net cash used in financing activities (70,378) (113,662) (215,067)
Effect of exchange rate changes on cash (1,462) (372) (2,395)
Net increase (decrease) in cash and cash equivalents 45,100 (40,809) (11,022)
Beginning of year 44,354 85,163 96,185
End of year 89,454 44,354 85,163
Supplemental disclosure of cash flow information      
Cash paid during the year for interest 32,266 30,025 18,411
Cash paid during the year for income taxes, net 5,016 3,446 8,543
Supplemental disclosure of cash flow information from operating activities      
Non-cash ROU assets obtained in exchange for new and extended operating leases 9,075 34,116 693
Non-cash adjustment to operating lease right-of-use assets from lease modification (790) (836) 0
Supplemental disclosure of cash flow information from investing activities      
Non-cash premises and equipment additions in accrued expenses and other liabilities 781 693 0
Supplemental disclosure of non-cash information from financing activities      
Deemed contributions from GCMH Equityholders 72,068 103,934 31,811
Establishment of deferred tax assets, net related to non-cash activities $ (492) $ 384 $ 28