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Other Assets
 12 Months Ended
Dec. 31, 2020
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Assets Other Assets
Other assets consist of the following as of December 31, 2019 and 2020 (in thousands):
 December 31, 2019December 31, 2020
Prepaid expenses, net of current portion$191 $22,418 
Equity method investments15,795 15,795 
Cloud computing arrangements— 6,385 
Other investments2,123 2,527 
Other3,679 7,803 
Balance at end of period$21,788 $54,928 
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 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 December 31, 2020, $20.7 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. The prepaid balance was partially offset by a $2.8 million liability balance that represented a seller's continuing interest in JWMI that terminated following payment.
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 $1.8 million across these partnerships through 2027. 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 years ended December 31, 2019 and 2020 (in thousands):
20192020
Limited partnership investments, beginning of period$13,449 $15,795 
   Capital contributions1,035 550 
   Pro-rata share in the net income of limited partnerships2,337 1,862 
   Distributions(1,026)(2,412)
Limited partnership investments, end of period$15,795 $15,795 
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.