RELATED PARTY TRANSACTIONS (Tables)

6 Months Ended

Jun. 30, 2025

Schedule of Amounts Due from and to Affiliates

The Company considers its professionals and non-consolidated funds to be affiliates. Amounts due from and to affiliates were composed of the following:


	As of June 30,		As of December 31,

	2025		2024
Due from affiliates:
Management fees receivable from non-consolidated funds	$	741,576	$	636,835
Incentive fee receivable from non-consolidated funds	12,490		172,235
Payments made on behalf of and amounts due from non-consolidated funds and employees	380,450		247,538

Due from affiliates—Company	$	1,134,516	$	1,056,608


Due to affiliates:
Management fee received in advance and rebates payable to non-consolidated funds	$	739	$	5,767
Tax receivable agreement liability	508,645		402,359
Realized carried interest and incentive fees payable	65,917		78,692
Payments made by non-consolidated funds on behalf of and payable by the Company	12,099		13,662
Due to affiliates—Company	$	587,400	$	500,480