Offsetting Assets and Liabilities (Tables)

3 Months Ended

Mar. 31, 2026

Offsetting [Abstract]

Offsetting of Financial Assets

Offsetting of assets as of March 31, 2026 and December 31, 2025 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		Net Amount
	(in thousands)
March 31, 2026:
Securities borrowed	$	1,311	$	—	$	1,311	$	(1,311)	$	—	$	—
Derivatives	$	19,718	$	—	$	19,718	$	—	$	(6,830)	$	12,888
December 31, 2025:
Securities borrowed	$	14,689	$	—	$	14,689	$	(14,539)	$	—	$	150
Derivatives	$	12,985	$	—	$	12,985	$	—	$	(5,547)	$	7,438

Offsetting of derivative assets of consolidated company-sponsored investment funds as of March 31, 2026 and December 31, 2025 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)
March 31, 2026:
Derivatives - VIEs	$	21,611	$	—	$	21,611	$	—	$	(100)	$	21,511
December 31, 2025:
Derivatives - VIEs	$	20,077	$	—	$	20,077	$	—	$	—	$	20,077

Offsetting of Financial Liabilities

Offsetting of liabilities as of March 31, 2026 and December 31, 2025 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		Net Amount
	(in thousands)
March 31, 2026:
Securities loaned	$	2,236	$	—	$	2,236	$	—	$	(2,209)	$	27
Derivatives	$	14,109	$	—	$	14,109	$	—	$	(13,033)	$	1,076
December 31, 2025:
Securities loaned	$	51,488	$	—	$	51,488	$	—	$	(50,170)	$	1,318
Derivatives	$	17,615	$	—	$	17,615	$	—	$	(10,293)	$	7,322

Offsetting of derivative liabilities of consolidated company-sponsored investment funds as of March 31, 2026 and December 31, 2025 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)
March 31, 2026:
Derivatives - VIEs	$	25,059	$	—	$	25,059	$	—	$	(3,609)	$	21,450
December 31, 2025:
Derivatives - VIEs	$	20,084	$	—	$	20,084	$	—	$	(492)	$	19,592