Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Assets
Cash and cash equivalents	$ 127,702	$ 240,938
Restricted cash	4,538	4,501
Investments (includes assets measured at fair value of $385,276 and $329,435, including assets sold under agreements to repurchase of $96,505 and $98,085 as of June 30, 2020 and December 31, 2019, respectively)	471,344	411,426
Income and fees receivable	73,104	215,395
Due from related parties	20,435	15,355
Deferred income tax assets	341,283	310,557
Operating lease assets	110,374	115,810
Other assets, net	76,523	82,608
Assets of consolidated funds:
Other assets of consolidated funds	650	649
Total Assets	1,225,953	1,397,239
Liabilities
Compensation payable	45,197	187,180
Unearned incentive income	64,607	60,798
Due to related parties	194,518	211,915
Operating lease liabilities	120,990	128,043
Debt obligations	256,341	286,728
Securities sold under agreements to repurchase	97,670	97,508
Other liabilities	169,824	59,217
Liabilities of consolidated funds:
Other liabilities of consolidated funds	408	389
Total Liabilities	949,555	1,031,778
Commitments and Contingencies
Redeemable Noncontrolling Interests	153,313	150,000
Shareholders’ Equity
Additional paid-in capital	142,288	117,936
Accumulated deficit	(406,440)	(343,759)
Shareholders’ deficit attributable to Class A Shareholders	(263,601)	(225,318)
Shareholders’ equity attributable to noncontrolling interests	386,686	440,779
Total Shareholders’ Equity	123,085	215,461
Total Liabilities, Redeemable Noncontrolling Interests and Shareholders’ Equity	1,225,953	1,397,239
Class A Shares
Shareholders’ Equity
Value of stock	223	213
Class B Shares
Shareholders’ Equity
Value of stock	$ 328	$ 292