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Other Assets | 9 Months Ended
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Sep. 30, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
Other Assets | Other Assets Other assets consist of the following as of December 31, 2020 and September 30, 2021 (in thousands):
| December 31, 2020 |  | September 30, 2021
Prepaid expenses, net of current portion | $ | 22,418 |  |  | $ | 20,606 |
Equity method investments | 15,795 |  |  | 14,532 |
Cloud computing arrangements | 6,385 |  |  | 6,665 |
Other investments | 2,527 |  |  | 2,999 |
Tuition receivable, non-current | 3,585 |  |  | 2,912 |
Other | 4,218 |  |  | 6,710 |
Other assets | $ | 54,928 |  |  | $ | 54,424 |
Prepaid Expenses Long-term prepaid expenses primarily relate to payments that have been made for future services to be provided after one year. In the fourth quarter of 2020, pursuant to the terms of the perpetual license agreement associated with the Jack Welch Management Institute (“JWMI”), the Company made a final one-time cash payment of approximately $25.3 million for the right to continue to use the Jack Welch name and likeness. As of September 30, 2021, $19.5 million of this payment is included in the prepaid expenses, net of current portion balance, as the payment is being amortized over an estimated useful life of 15 years. Equity Method Investments The Company holds investments in certain limited partnerships that invest in various innovative companies in the health care and education-related technology fields. The Company has commitments to invest up to an additional $3.2 million across these partnerships through 2031. The Company's investments range from 3%-5% of any partnership’s interest and are accounted for under the equity method. The following table illustrates changes in the Company’s limited partnership investments for the three and nine months ended September 30, 2020 and 2021 (in thousands):
| For the three months ended September 30, |  | For the nine months ended September 30, |  |
| 2020 |  | 2021 |  | 2020 |  | 2021 |  |  |  |
Limited partnership investments, beginning of period | $ | 16,990 |  |  | $ | 17,401 |  |  | $ | 15,795 |  |  | $ | 15,795 |  |  |  |  |
Capital contributions | 75 |  |  | 327 |  |  | 368 |  |  | 589 |  |  |  |  |
Pro-rata share in the net income (loss) of limited partnerships | 370 |  |  | (610) |  |  | 1,612 |  |  | 2,993 |  |  |  |  |
Distributions | (701) |  |  | (2,586) |  |  | (1,041) |  |  | (4,845) |  |  |  |  |
Limited partnership investments, end of period | $ | 16,734 |  |  | $ | 14,532 |  |  | $ | 16,734 |  |  | $ | 14,532 |  |  |  |  |
Cloud Computing Arrangements The Company defers implementation costs incurred in cloud computing arrangements and amortizes these costs over the term of the arrangement. Other Investments The Company's venture fund, SEI Ventures, makes investments in education tech start-ups focused on transformational technologies that improve student success. These investments are accounted for at cost less impairment as they do not have readily determinable fair value. Tuition Receivable Non-current tuition receivable represents tuition that the Company expects to collect, but not within the next 12 months. Other Other is comprised primarily of deferred financing costs associated with the Company's credit facility, deferred contract costs related to commissions paid by ANZ to third party international agents, and refundable security deposits associated with the Company's leased campus and office space.

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