GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 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 December 31, 2025	As of December 31,
		2025		2024
Management contracts	4.7	$	1,023,893	$	590,675
Client relationships	6.8	317,920		210,720
Other	0.0	—		500
Finite-lived intangible assets		1,341,813		801,895
Foreign currency translation		6,884		(789)
Total finite-lived intangible assets		1,348,697		801,106
Less: accumulated amortization		(550,267)		(393,078)
Finite-lived intangible assets, net		798,430		408,028
Management contracts		1,317,400		567,800
Indefinite-lived management contracts		1,317,400		567,800
Intangible assets, net		$	2,115,830	$	975,828

Schedule of Future Annual Amortization Of Finite-Lived Intangible Assets

As of December 31, 2025, future annual amortization of finite-lived intangible assets for the years 2026 through 2030 and thereafter is estimated to be:

Year	Amortization
2026	$	184,898
2027	174,251
2028	143,234
2029	112,952
2030	70,396
Thereafter	112,699
Total	$	798,430

Schedule of Goodwill Rollforward

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

	Credit Group		Real Assets Group		Secondaries Group		Private Equity Group		Total
Balance as of December 31, 2023	$	256,679	$	277,205	$	417,630	$	172,462	$	1,123,976
Acquisitions	—		35,091		—		4,605		39,696
Reallocation	55,658		—		—		(55,658)		—
Foreign currency translation	(305)		(727)		(3)		(1)		(1,036)
Balance as of December 31, 2024	312,032		311,569		417,627		121,408		1,162,636
Acquisitions	—		2,285,242		—		—		2,285,242
Foreign currency translation	1,798		4,418		13		—		6,229
Balance as of December 31, 2025	$	313,830	$	2,601,229	$	417,640	$	121,408	$	3,454,107