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Investments (Tables) | 6 Months Ended
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Jun. 30, 2025
Investments, Debt and Equity Securities [Abstract] |
Summary of Market Value of Investments | The following table summarizes the carrying value of the Company’s investments as of June 30, 2025 and December 31, 2024:
| As of
| June 30, 2025 |  | December 31, 2024
Fair value investments: |  |  |
Securities held in Consolidated Funds(a) | $ | 62,035,855 |  |  | $ | 35,583,162 |
Company-sponsored investments | 29,122,726 |  |  | 30,146,571 |
Company-sponsored equity method investments | 82,338,692 |  |  | 94,023,248 |
Total Investments | $ | 173,497,273 |  |  | $ | 159,752,981 |
(a) Of the securities held in the Consolidated Funds as of June 30, 2025, DHCM held $37.0 million and non-controlling shareholders held $25.0 million. Of the securities held in the Consolidated Fund as of December 31, 2024, DHCM held $35.4 million and non-controlling shareholders held $0.2 million.
Schedule of Investment Income | The components of net investment income (loss), net are as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Realized gains | $ | 3,827,435 |  |  | $ | 631,300 |  |  | $ | 4,037,505 |  |  | $ | 1,010,255 |
Change in unrealized | 9,647,729 |  |  | (2,089,643) |  |  | 9,606,545 |  |  | 5,959,069 |
Dividends | 412,773 |  |  | 822,397 |  |  | 922,661 |  |  | 1,775,613 |
Interest income | 676,915 |  |  | — |  |  | 1,131,345 |  |  | — |
Other | (10,167) |  |  | (18,645) |  |  | (23,402) |  |  | (33,850) |
Investment income (loss), net | $ | 14,554,685 |  |  | $ | (654,591) |  |  | $ | 15,674,654 |  |  | $ | 8,711,087 |
Equity Method Investments | The following table includes the condensed summary financial information from the Company’s equity method investments as of, and for the three-month and six-month periods ended, June 30, 2025:
|  |  | As of
|  |  | June 30, 2025
Total assets |  |  | $ | 241,289,762 |
Total liabilities |  |  | 11,047,014 |
Net assets |  |  | 230,242,748 |
DHCM’s portion of net assets |  |  | $ | 82,338,692 |
| For the Three Months Ended |  | For the Six Months Ended
| June 30, 2025 |  | June 30, 2025
Investment income | $ | 1,829,847 |  |  | $ | 3,364,236 |
Expenses | 526,073 |  |  | 1,007,070 |
Net realized gains | 3,781,770 |  |  | 9,015,493 |
Change in unrealized | 21,050,372 |  |  | 18,020,448 |
Net income | 26,135,916 |  |  | 29,393,107 |
DHCM’s portion of net income | $ | 11,803,043 |  |  | $ | 11,483,309 |

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