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OTHER ASSETS
 12 Months Ended
Dec. 31, 2025
Other Assets [Abstract]  
OTHER ASSETS
8. OTHER ASSETS

The components of other assets were as follows:
 As of December 31,
 20252024
Other assets of the Company  
Accounts and interest receivable$188,139 $169,007 
Fixed assets, net227,826 177,671 
Deferred tax assets, net352,291 241,894 
Other assets263,882 186,082 
Total other assets of the Company$1,032,138 $774,654 
Other assets of Consolidated Funds  
Dividends and interest receivable$32,228 $70,657 
Income tax and other receivables31,738 11,740 
Total other assets of Consolidated Funds$63,966 $82,397 

Fixed Assets, Net

The components of fixed assets were as follows:
 As of December 31,
 20252024
Office and computer equipment$81,867 $62,920 
Internal-use software35,023 29,119 
Leasehold improvements227,178 166,250 
Fixed assets, at cost344,068 258,289 
Less: accumulated depreciation(116,242)(80,618)
Fixed assets, net$227,826 $177,671 
For the years ended December 31, 2025, 2024 and 2023, depreciation expense was $45.2 million, $32.2 million and $31.4 million, respectively, and is included within general, administrative and other expenses within the Consolidated Statements of Operations. During the year ended December 31, 2025, the Company disposed of $8.7 million of fixed assets.