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Other Assets
 6 Months Ended
Jun. 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 June 30, 2021 (in thousands):
December 31, 2020June 30, 2021
Prepaid expenses, net of current portion$22,418 $21,271 
Equity method investments15,795 17,401 
Cloud computing arrangements6,385 8,112 
Other investments2,527 2,999 
Other7,803 10,104 
Other assets$54,928 $59,887 
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 June 30, 2021, $19.9 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 $1.5 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 three and six months ended June 30, 2020 and 2021 (in thousands):
For the three months ended June 30,For the six months ended June 30,
2020202120202021
Limited partnership investments, beginning of period$15,805 $17,879 $15,795 $15,795 
Capital contributions175 190 293 262 
Pro-rata share in the net income of limited partnerships1,010 889 1,242 3,603 
Distributions— (1,557)(340)(2,259)
Limited partnership investments, end of period$16,990 $17,401 $16,990 $17,401 
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.