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Segments
 3 Months Ended
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,
20252024
Segment operating revenue$125,846 $108,866 
Less:
Cash-based employee compensation and benefits39,047 37,273 
Equity-based compensation20,301 25,470 
Partnership interest-based compensation12,225 30,002 
Carried interest compensation5,325 2,542 
Cash-based incentive fee related compensation5,158 4,189 
Other non-cash compensation184 171 
General, administrative and other(1)
28,276 25,179 
Investment income(764)(5,677)
Interest expense5,663 5,923 
Other income(2)
(846)(553)
Change in fair value of warrants8,776 2,144 
Provision for income taxes3,591 1,110 
Segment net income (loss)$(1,090)$(18,907)
Reconciliation of profit or loss
Adjustments and reconciling items— — 
Consolidated net income (loss)$(1,090)$(18,907)
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(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.