XML 54 R41.htm IDEA: XBRL DOCUMENT
v3.25.1

Segments (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Segment Reporting [Abstract] |
Schedule of Reconciliation of Operating Profit (Loss) from Segments to Consolidated | 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.

X
- Definition Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ReconciliationOfOperatingProfitLossFromSegmentsToConsolidatedTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration