Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2025	Dec. 31, 2024
Assets
Cash and cash equivalents	$ 1,275.8	$ 1,266.0
Cash and cash equivalents held at Consolidated Funds	463.1	830.4
Investments, including accrued performance allocations of $7,598.8 and $7,053.5 as of June 30, 2025 and December 31, 2024, respectively	11,203.1	10,936.7
Investments of Consolidated Funds	9,857.5	7,782.4
Due from affiliates and other receivables, net	795.5	805.6
Due from affiliates and other receivables of Consolidated Funds, net	247.8	237.1
Fixed assets, net	191.7	185.3
Lease right-of-use assets, net	351.1	341.4
Deposits and other	82.9	56.9
Intangible assets, net	573.6	634.1
Deferred tax assets	25.7	27.6
Total assets	25,067.8	23,103.5
Liabilities and equity
Debt obligations	2,155.3	2,143.5
Loans payable of Consolidated Funds	8,056.1	6,864.2
Accounts payable, accrued expenses and other liabilities	439.5	389.8
Accrued compensation and benefits	5,598.9	5,446.6
Due to affiliates	198.9	241.9
Deferred revenue	204.0	138.7
Deferred tax liabilities	128.3	137.0
Other liabilities of Consolidated Funds	1,030.9	861.6
Lease liabilities	493.7	488.6
Accrued giveback obligations	44.6	44.0
Total liabilities	18,350.2	16,755.9
Commitments and contingencies
Common stock, $0.01 par value, 100,000,000,000 shares authorized (358,961,915 and 357,183,632 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively)	3.6	3.6
Additional paid-in-capital	4,096.4	3,892.3
Retained earnings	1,950.0	2,040.8
Accumulated other comprehensive loss	(189.5)	(329.8)
Non-controlling interests in consolidated entities	857.1	740.7
Total equity	6,717.6	6,347.6
Total liabilities and equity	$ 25,067.8	$ 23,103.5