Restricted Cash, Other Assets and Other Liabilities

12 Months Ended

Dec. 31, 2023

Restricted Cash, Other Assets And Other Liabilities [Abstract]

Restricted Cash, Other Assets and Other Liabilities

6. Restricted Cash, Other Assets and Other Liabilities

Restricted Cash

Restricted cash represents principally cash reserves that are maintained pursuant to the governing agreements of the various securitized debt of the Company.

Other Assets

The following table summarizes the Company's other assets.

(In thousands)	December 31, 2023		December 31, 2022
Prepaid taxes and deferred tax assets, net	$	14,059	$	8,642
Derivative assets	—		11,793
Receivables from resolution of investment	662		14,923
Operating lease right-of-use asset for corporate offices	33,898		23,689
Accounts receivable, net	8,919		6,263
Prepaid expenses	2,952		2,514
Other assets	11,231		4,063
Fixed assets, net (1)	7,232		8,934
Total other assets	$	78,953	$	80,821

__________

(1)    Net of accumulated depreciation of $7.3 million at December 31, 2023 and $9.8 million at December 31, 2022.

Other Liabilities

The following table summarizes the Company's other liabilities:

(In thousands)	December 31, 2023		December 31, 2022
Deferred investment management fees (1)	$	10,250	$	6,265
Interest payable on corporate debt	2,293		4,376
Common and preferred stock dividends payable	16,477		16,491
Securities sold short—consolidated funds	38,481		40,928
Due to custodians—consolidated funds	9,415		35,457
Current and deferred income tax liability	8,403		42
Contingent consideration payable—InfraBridge (Note 10)	11,338		—
Contingent consideration payable—Wafra (Note 9)	35,000		125,000
Warrants issued to Wafra (Note 9)	39,200		17,700
Operating lease liability for corporate offices	49,035		40,497
Accrued compensation	63,761		46,303
Accrued incentive fee and carried interest compensation	356,316		171,086
Accounts payable and accrued expenses	13,844		25,175
Due to affiliates (Note 16)	10,664		12,451
Other liabilities	16,974		5,152
Other liabilities	$	681,451	$	546,923

__________

(1)    Deferred investment management fees are expected to be recognized as fee revenue over a weighted average period of 3.0 years as of December 31, 2023 and 2.9 years as of December 31, 2022. Deferred investment management fees recognized as income of $3.3 million and $3.4 million in the year ended December 31, 2023 and 2022, respectively, pertain to the deferred management fee balance at the beginning of each respective period.