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v3.25.2

Consolidation - Schedule of Condensed Consolidated Balance Sheets (Details) - USD ($) $ in Thousands | Jun. 30, 2025 | Mar. 31, 2025 | Dec. 31, 2024 | Jun. 30, 2024 | Mar. 31, 2024 | Dec. 31, 2023
--- | --- | --- | --- | --- | --- | ---
Variable Interest Entity [Line Items] |  |  |  |  |  |
Noncontrolling interests | $ (123,097) | $ (120,579) | $ (107,282) | $ (129,450) | $ (115,185) | $ (104,869)
VOEs |  |  |  |  |  |
Variable Interest Entity [Line Items] |  |  |  |  |  |
Cash and cash equivalents | 2,163 |  | 5,179 |  |  |
Investments | 50,324 |  | 40,678 |  |  |
Other assets | 782 |  | 403 |  |  |
Notes payable | 0 |  | 0 |  |  |
Securities purchased payable and other liabilities | (1,967) |  | (4,271) |  |  |
Noncontrolling interests | (14,790) |  | (12,452) |  |  |
Net interests in CIP | 36,512 |  | 29,537 |  |  |
CLOs |  |  |  |  |  |
Variable Interest Entity [Line Items] |  |  |  |  |  |
Cash and cash equivalents | 66,224 |  | 125,995 |  |  |
Investments | 2,090,912 |  | 2,141,626 |  |  |
Other assets | 62,465 |  | 172,707 |  |  |
Notes payable | (2,021,538) |  | (2,171,946) |  |  |
Securities purchased payable and other liabilities | (96,552) |  | (151,922) |  |  |
Noncontrolling interests | (1,933) |  | (4,143) |  |  |
Net interests in CIP | 99,578 |  | 112,317 |  |  |
GFs |  |  |  |  |  |
Variable Interest Entity [Line Items] |  |  |  |  |  |
Cash and cash equivalents | 2,745 |  | 3,247 |  |  |
Investments | 106,444 |  | 88,413 |  |  |
Other assets | 1,322 |  | 1,261 |  |  |
Notes payable | 0 |  | 0 |  |  |
Securities purchased payable and other liabilities | (1,506) |  | (1,840) |  |  |
Noncontrolling interests | (52,037) |  | (33,215) |  |  |
Net interests in CIP | $ 56,968 |  | $ 57,866 |  |  |

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