GOODWILL AND INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 30, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of carrying value for the Company's intangible assets

The following table summarizes the carrying value, net of accumulated amortization, for the Company's intangible assets:

	Weighted Average Amortization Period as of June 30, 2018	As of June 30,			As of December 31,
		2018			2017
Management contracts	3.0 years	$	42,335		$	67,306
Client relationships	10.0 years	38,600			38,600
Trade name	4.0 years	3,200			3,200
Other(1)	0.7 years	180			—
Intangible assets		84,315			109,106
Less: accumulated amortization		(50,316		)	(68,641		)
Intangible assets, net		$	33,999		$	40,465

(1) In connection with the CION Ares Diversified Credit Fund, the Company pays upfront commissions to brokers that sell class C shares in the fund. The Company is then entitled to 12 months of service fees from the sold shares, which are recorded as revenue.

Schedule of goodwill rollforward

The following table summarizes the carrying value of the Company's goodwill assets:

	Credit		Private Equity		Real Estate			Total
Balance as of December 31, 2017	$	32,196	$	58,600	$	53,099		$	143,895
Foreign currency translation	—		—		(47		)	(47		)
Balance as of June 30, 2018	$	32,196	$	58,600	$	53,052		$	143,848