XML 48 R34.htm IDEA: XBRL DOCUMENT v3.25.4
Investments (Tables)
 12 Months Ended
Dec. 31, 2025
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Investments in Unconsolidated Ventures
The Company's equity and debt investments are represented by the following:
(In thousands)December 31, 2025December 31, 2024
Equity method investments
Principal investments$1,433,113 $1,391,316 
Carried interest allocation540,890 894,553 
Other equity investments25,570 24,854 
Debt investment30,490 35,122 
2,030,063 2,345,845 
Equity investments of consolidated funds
Marketable equity securities115,101 83,269 
Other investment121,239 63,154 
$2,266,403 $2,492,268 
Schedule of Available-for-sale Securities
The balance of the CLO subordinated notes is summarized as follows:
Amortized Cost without Allowance for Credit Loss
Allowance for Credit LossGross Cumulative Unrealized
(in thousands)GainsLosses
Fair Value
December 31, 2025$30,490 $— $— $— $30,490 
December 31, 202435,122 — — — 35,122