Other assets, net and Other liabilities, net (Tables)

12 Months Ended

Dec. 31, 2025

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

The following table provides a breakdown of Other assets, net reported on the Consolidated Statement of Financial Position.


(Dollars in Thousands)	As of December 31, 2025		As of December 31, 2024
Fixed assets, net:
Leasehold improvements	$	18,705	$	17,736
Office equipment and furniture	5,653		2,849
Foreign currency translation adjustment	184		285
Accumulated depreciation	(6,852)		(4,861)
Fixed assets, net	17,690		16,009
Lease incentive receivables	—		5,522
Accrued income	18,409		13,423
Prepaid expenses	8,268		8,776
Sundry receivables	4,908		2,610
Other receivables	2,683		2,984
Third party receivables related to IRE	2,082		—
Other assets	2,406		1,064
Other assets, net (1)	$	56,446	$	50,388

(1) As of December 31, 2025 and December 31, 2024, these amounts include $0.2 million and $0.5 million, respectively, in receivables due from related parties. See Note 18 (Related Party Transactions) for further details.

Schedule of Other Liabilities

The following table provides a breakdown of Other liabilities, net reported on the Consolidated Statement of Financial Position.


(Dollars in Thousands)	As of December 31, 2025		As of December 31, 2024

PW deferred consideration	$	—	$	3,339
Payroll taxes	1,754		1,128
Payroll	869		—
Corporation tax payable	2,532		2,415

Accrued legal	4,496		5,125
Other (1)	5,025		(168)


Other Liabilities, net (2)	$	14,676	$	11,839

(1) The other category is comprised primarily of miscellaneous payables and provisions.

(2) As of December 31, 2025 and December 31, 2024, these amounts include $0.7 million and $3.3 million, respectively, in liabilities due to related parties.