GOODWILL AND INTANGIBLE ASSETS (Tables)

9 Months Ended

Sep. 30, 2020

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, of the Company's intangible assets that are included within other assets in the Condensed Consolidated Statements of Financial Condition:

	Weighted Average Amortization Period as of September 30, 2020	As of September 30,		As of December 31,
		2020		2019
Management contracts	5.7 years	$	214,247	$	12,498
Client relationships	9.3 years	25,141		6,341
Trade name	9.6 years	11,079		378
Intangible assets		250,467		19,217
Foreign currency translation		1,259		—
Total intangible assets		251,726		19,217
Less: accumulated amortization		(20,331)		(11,242)
Intangible assets, net		$	231,395	$	7,975

Schedule of goodwill rollforward

The following table summarizes the carrying value of the Company's goodwill assets that are included within other assets in the Condensed Consolidated Statements of Financial Condition:

	Credit Group		Private Equity Group		Real Estate Group		Strategic Initiatives		Total
Balance as of December 31, 2019	$	32,196	$	58,600	$	53,059	$	—	$	143,855
Acquisitions	—		—		—		224,601		224,601
Foreign currency translation	—		—		(48)		1,086		1,038
Balance as of September 30, 2020	$	32,196	$	58,600	$	53,011	$	225,687	$	369,494