GOODWILL AND INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 30, 2025

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 (in years) as of June 30, 2025	As of June 30,		As of December 31,
		2025		2024
Management contracts	5.0	$	1,034,593	$	590,675
Client relationships	7.3	317,920		210,720
Other	0.0	—		500
Finite-lived intangible assets		1,352,513		801,895
Foreign currency translation		4,549		(789)
Total finite-lived intangible assets		1,357,062		801,106
Less: accumulated amortization		(454,397)		(393,078)
Finite-lived intangible assets, net		902,665		408,028
Management contracts		1,317,400		567,800
Indefinite-lived management contracts		1,317,400		567,800
Intangible assets, net		$	2,220,065	$	975,828

Schedule of Goodwill Rollforward

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

	Credit Group		Real Assets Group		Private Equity Group		Secondaries Group		Total
Balance as of December 31, 2024	$	312,032	$	311,569	$	121,408	$	417,627	$	1,162,636
Acquisitions	—		2,270,287		—		—		2,270,287
Foreign currency translation	107		3,146		—		16		3,269
Balance as of June 30, 2025	$	312,139	$	2,585,002	$	121,408	$	417,643	$	3,436,192