Offsetting Assets and Liabilities (Tables)

6 Months Ended

Jun. 30, 2025

Offsetting [Abstract]

Schedule of Offsetting of Financial Assets

Offsetting of assets as of June 30, 2025 and December 31, 2024 was as follows:

	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Statement of Financial Condition		Net Amounts of Assets Presented in the Statement of Financial Condition		Financial Instruments Collateral		Cash Collateral Received		Net Amount
	(in thousands)
June 30, 2025:
Securities borrowed	$	14,693	$	—	$	14,693	$	(14,270)	$	—	$	423
Derivatives	$	27,050	$	—	$	27,050			$	(3,667)	$	23,383
December 31, 2024:
Securities borrowed	$	1,144	$	—	$	1,144	$	(1,044)	$	—	$	100
Derivatives	$	20,941	$	—	$	20,941	$	—	$	(10,357)	$	10,584

Offsetting of derivative assets of consolidated company-sponsored investment funds as of June 30, 2025 and December 31, 2024 was as follows:

	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Statement of Financial Condition		Net Amounts of Assets Presented in the Statement of Financial Condition		Financial Instruments Collateral		Cash Collateral Received		Net Amount
	(in thousands)
June 30, 2025:
Derivatives - VIEs	$	18,016	$	—	$	18,016	$	—	$	(28)	$	17,988
Derivatives - VOEs	$	197	$	—	$	197	$	—	$	—	$	197
December 31, 2024:
Derivatives - VIEs	$	101	$	—	$	101	$	—	$	(2)	$	99
Derivatives - VOEs	11,483		—		11,483		—		—		11,483

Schedule of Offsetting of Financial Liabilities

Offsetting of liabilities as of June 30, 2025 and December 31, 2024 was as follows:

	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Statement of Financial Condition		Net Amounts of Liabilities Presented in the Statement of Financial Condition		Financial Instruments Collateral		Cash Collateral Pledged		Net Amount
	(in thousands)
June 30, 2025:
Securities loaned	$	5	$	—	$	5	$	(5)	$	—	$	—
Derivatives	$	30,077	$	—	$	30,077	$	—	$	(13,374)	$	16,703
December 31, 2024:
Derivatives	$	14,944	$	—	$	14,944	$	—	$	(5,188)	$	9,756

Offsetting of derivative liabilities of consolidated company-sponsored investment funds as of June 30, 2025 and December 31, 2024 was as follows:

	Gross Amounts of Recognized Liabilities		Gross Amounts Offset in the Statement of Financial Condition		Net Amounts of Liabilities Presented in the Statement of Financial Condition		Financial Instruments Collateral		Cash Collateral Pledged		Net Amount
	(in thousands)
June 30, 2025:
Derivatives - VIEs	$	18,039	$	—	$	18,039	$	—	$	(722)	$	17,317
Derivatives - VOEs	$	184	$	—	$	184	$	—	$	—	$	184
December 31, 2024:
Derivatives - VIEs	$	85	$	—	$	85	$	—	$	(85)	$	—