RELATED PARTY TRANSACTIONS (Tables)

12 Months Ended

Dec. 31, 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 December 31,
	2025		2024
Due from affiliates
Management fees receivable from non-consolidated funds	$	817,767	$	636,835
Incentive fee receivable from non-consolidated funds	150,674		172,235
Payments made on behalf of and amounts due from non-consolidated funds and employees	451,777		247,538

Due from affiliates—Company	$	1,420,218	$	1,056,608


Due to affiliates
Management fee received in advance and rebates payable to non-consolidated funds	$	10,197	$	5,767
Tax receivable agreement liability	579,893		402,359
Realized carried interest and incentive fees payable	206,270		78,692
Payments made by non-consolidated funds on behalf of and payable by the Company	14,049		13,662
Due to affiliates—Company	$	810,409	$	500,480