GOODWILL AND INTANGIBLE ASSETS (Tables)

9 Months Ended

Sep. 30, 2021

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:

	Weighted Average Amortization Period as of September 30, 2021	As of September 30,		As of December 31,
		2021		2020
Management contracts	6.5 years	$	641,737	$	210,857
Client relationships	11.2 years	229,501		25,141
Trade name	8.7 years	11,079		11,079
Finite-lived intangible assets		882,317		247,077
Foreign currency translation		1,530		3,093
Total finite-lived intangible assets		883,847		250,170
Less: accumulated amortization		(85,157)		(28,082)
Finite-lived intangible assets, net		798,690		222,088
Management contracts		567,800		—
Trade name		86,200		—
Indefinite-lived intangible assets		654,000		—
Intangible assets, net		$	1,452,690	$	222,088

Schedule of Goodwill Rollforward

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

	Credit Group		Private Equity Group		Real Estate Group		Secondary Solutions Group		Strategic Initiatives		Total
Balance as of December 31, 2020	$	32,196	$	58,600	$	53,120	$	—	$	227,131	$	371,047
Acquisitions	—		—		—		417,665		—		417,665
Foreign currency translation	—		—		219		(16)		(1,165)		(962)
Balance as of September 30, 2021	$	32,196	$	58,600	$	53,339	$	417,649	$	225,966	$	787,750