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v3.25.1

Segments | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Segments | Segments For the three months ended March 31, 2025, there has been no changes in the basis of segmentation or in the basis of measurement of assessing segment performance for the Company’s single reportable segment. The following table presents the Company’s segment operating revenue, significant segment expenses, other income, and segment net income (loss) for the three months ended March 31, 2025 and 2024:
| Three Months Ended March 31,
| 2025 |  | 2024
Segment operating revenue | $ | 125,846 |  |  | $ | 108,866 |
Less: |  |  |
Cash-based employee compensation and benefits | 39,047 |  |  | 37,273 |
Equity-based compensation | 20,301 |  |  | 25,470 |
Partnership interest-based compensation | 12,225 |  |  | 30,002 |
Carried interest compensation | 5,325 |  |  | 2,542 |
Cash-based incentive fee related compensation | 5,158 |  |  | 4,189 |
Other non-cash compensation | 184 |  |  | 171 |
General, administrative and other(1) | 28,276 |  |  | 25,179 |
Investment income | (764) |  |  | (5,677) |
Interest expense | 5,663 |  |  | 5,923 |
Other income(2) | (846) |  |  | (553) |
Change in fair value of warrants | 8,776 |  |  | 2,144 |
Provision for income taxes | 3,591 |  |  | 1,110 |
Segment net income (loss) | $ | (1,090) |  |  | $ | (18,907) |
Reconciliation of profit or loss |  |  |
Adjustments and reconciling items | — |  |  | — |
Consolidated net income (loss) | $ | (1,090) |  |  | $ | (18,907) |
____________ (1)General, administrative and other consists primarily of professional fees, travel and related expenses, IT operations, communications and information services, occupancy, fund expenses, depreciation and amortization, and other costs associated with our operations. (2)Other income consists primarily of other non-operating items, including interest income.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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