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Fair Value (Tables)
 12 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
Schedule of Quantitative Level 3 Recurring Fair Values Fair value is categorized into a three tier hierarchy that is prioritized based upon the level of transparency in inputs used in the
valuation techniques.
Fair Value Measurement Hierarchy
(In thousands)Level 1Level 2Level 3Total
December 31, 2023
Assets
Investments (Note 4)
Other equity investments$17,487 $— $— $17,487 
CLO subordinated notes— — 50,927 50,927 
Equity investments of consolidated funds66,297 — 416,614 482,911 
Fair Value Option:
Equity method investment— — 6,700 6,700 
Liabilities
Other liabilities
InfraBridge contingent consideration
— — 11,338 11,338 
Warrants issued to Wafra
— — 39,200 39,200 
Securities of consolidated funds sold short
38,481 — — 38,481 
December 31, 2022
Assets
Investments (Note 4)
Other equity investments$16,790 $— $— 16,790 
CLO subordinated notes— — 50,927 50,927 
Equity investments of consolidated funds139,075 — 46,770 185,845 
Fair Value Option:
Loans receivable— — 133,307 133,307 
Other assets—derivative assets— 11,793 — 11,793 
Liabilities
Other liabilities
Warrants issued to Wafra
— — 17,700 17,700 
Securities of consolidated funds sold short
40,928 — — 40,928 
Schedule of Realized and Unrealized Gains and Losses on Derivatives Not Designated as Hedges
Realized and unrealized gains and losses on derivative instruments were recorded in other gain (loss) on the consolidated statement of operations as follows:
Year Ended December 31,
(In thousands)202320222021
Foreign currency contracts:
Designated contracts
Realized gain (loss) transferred from AOCI to earnings $— $17,334 $58,727 
Non-designated contracts
Realized and unrealized gain (loss) in earnings (1)
4,053 17,092 889 
Interest rate contracts:
Designated contracts
Interest expense (2)
— — 20 
Realized gain (loss) transferred from AOCI to earnings — — (1,328)
Non-designated contracts
Realized and unrealized gain (loss) in earnings— 11,533 (213)
__________
(1)    Includes amounts related to foreign currency contract entered into on behalf of a sponsored fund, which had no net impact to the Company's earnings, (Note 16).
Schedule of Changes in Recurring Level 3 Fair Value
The following table presents changes in recurring Level 3 fair value assets held for investment. Realized and unrealized gains (losses) are included in other gain (loss).
Level 3 AssetsLevel 3 Liabilities
Fair Value OptionEquity Investment of Consolidated FundWarrantsInfraBridge Contingent Consideration
(In thousands)AFS Debt SecuritiesLoans ReceivableEquity Method Investments
Fair value at December 31, 2021$— $78,607 $— $— $— $— 
Purchases, originations, drawdowns and contributions50,927 370,496 — 35,566 — — 
Transfer out of equity to liability— — — — 81,400 — 
Change in accrued interest and capitalization of paid-in-kind interest— 5,814 — — — — 
Paydowns— (159,501)— — — — 
Transfer of warehoused loans to sponsored fund— (123,312)— — — — 
Consolidation of sponsored fund— — — 10,536 — — 
Unrealized gain (loss) in earnings, net— (38,797)— 668 (63,700)— 
Fair value at December 31, 2022$50,927 $133,307 $— $46,770 $17,700 $— 
Net unrealized gain (loss) in earnings on instruments held at December 31, 2022$— $(28,706)$— $668 $(63,700)$— 
 
Fair value at December 31, 2022$50,927 $133,307 $— $46,770 $17,700 $— 
Contributions— — 20,000 85,486 — — 
Consolidation of sponsored funds— — — 393,614 — — 
Business combination— — — — — 10,874 
Change in consolidated fund's share of equity investment (1)
— — — 1,842 — — 
Paydown of underlying loans held by equity investment of consolidated fund
— — — (8,109)— — 
Unrealized gain (loss) in earnings, net— (133,307)(13,300)2,216 21,500 464 
Deconsolidation of sponsored fund— — — (105,205)— — 
Fair value at December 31, 2023$50,927 $— $6,700 $416,614 $39,200 $11,338 
Net unrealized gain (loss) in earnings on instruments held at December 31, 2023$— $(133,307)$(13,300)$— $21,500 $464 
__________
(1)    Represents reallocation of investment value when relative ownership of the pooling entity across its fund owners change following additional capital contributions.
Schedule of Changes in Recurring Level 3 Fair Values
The following table presents changes in recurring Level 3 fair value assets held for investment. Realized and unrealized gains (losses) are included in other gain (loss).
Level 3 AssetsLevel 3 Liabilities
Fair Value OptionEquity Investment of Consolidated FundWarrantsInfraBridge Contingent Consideration
(In thousands)AFS Debt SecuritiesLoans ReceivableEquity Method Investments
Fair value at December 31, 2021$— $78,607 $— $— $— $— 
Purchases, originations, drawdowns and contributions50,927 370,496 — 35,566 — — 
Transfer out of equity to liability— — — — 81,400 — 
Change in accrued interest and capitalization of paid-in-kind interest— 5,814 — — — — 
Paydowns— (159,501)— — — — 
Transfer of warehoused loans to sponsored fund— (123,312)— — — — 
Consolidation of sponsored fund— — — 10,536 — — 
Unrealized gain (loss) in earnings, net— (38,797)— 668 (63,700)— 
Fair value at December 31, 2022$50,927 $133,307 $— $46,770 $17,700 $— 
Net unrealized gain (loss) in earnings on instruments held at December 31, 2022$— $(28,706)$— $668 $(63,700)$— 
 
Fair value at December 31, 2022$50,927 $133,307 $— $46,770 $17,700 $— 
Contributions— — 20,000 85,486 — — 
Consolidation of sponsored funds— — — 393,614 — — 
Business combination— — — — — 10,874 
Change in consolidated fund's share of equity investment (1)
— — — 1,842 — — 
Paydown of underlying loans held by equity investment of consolidated fund
— — — (8,109)— — 
Unrealized gain (loss) in earnings, net— (133,307)(13,300)2,216 21,500 464 
Deconsolidation of sponsored fund— — — (105,205)— — 
Fair value at December 31, 2023$50,927 $— $6,700 $416,614 $39,200 $11,338 
Net unrealized gain (loss) in earnings on instruments held at December 31, 2023$— $(133,307)$(13,300)$— $21,500 $464 
__________
(1)    Represents reallocation of investment value when relative ownership of the pooling entity across its fund owners change following additional capital contributions.
Schedule of Fair Value Information on Financial Instruments Reported at Cost
Fair value of financial instruments reported at amortized cost are presented below.
 Fair Value MeasurementsCarrying Value
(In thousands)Level 1Level 2Level 3Total
December 31, 2023
Liabilities
Corporate debt
Secured fund fee revenue notes$— $250,547 $— $250,547 $294,267 
Exchangeable senior notes— 152,296 — 152,296 77,516 
December 31, 2022
Liabilities
Corporate debt
Secured fund fee revenue notes$— $250,547 $— $250,547 $292,171 
Convertible and exchangeable senior notes304,513 — 304,513 276,741 
Non-recourse investment-level debt— — 465 465 465