FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2025

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents assets that are measured at fair value on a recurring basis as of June 30, 2025 and December 31, 2024 (in thousands):

	Level 1		Level 2		Level 3		Measured at NAV		Total
June 30, 2025
Assets:
Common shares in publicly traded company	$	51	$	—	$	—	$	—	$	51
Exchange traded funds	1,440		—		—		—		1,440
Mutual funds	13,187		—		—		—		13,187
Accrued performance allocations	—		—		—		328,616		328,616
Partnership interests	—		—		—		161,354		161,354
Other investments	—		—		13,403		—		13,403
Total assets at fair value	$	14,678	$	—	$	13,403	$	489,970	$	518,051
Liabilities:
General Partner Notes Payable	$	—	$	—	$	—	$	2,222	$	2,222
December 31, 2024
Assets:
Common shares in publicly traded company	$	73	$	—	$	—	$	—	$	73
Exchange traded funds	3,157		—		—		—		3,157
Mutual funds	17,889		—		—		—		17,889
Accrued performance allocations	—		—		—		339,560		339,560
Partnership interests	—		—		—		168,545		168,545
Other investments	—		—		12,615		—		12,615
Total assets at fair value	$	21,119	$	—	$	12,615	$	508,105	$	541,839
Liabilities:
General Partner Notes Payable	$	—	$	—	$	—	$	2,782	$	2,782

Schedule of Changes in Fair Value of Company's Level 3 Assets

The following table presents a rollforward of Level 3 assets at cost adjusted for any impairment and observable price changes (in thousands):

	Other Investments
Balance as of December 31, 2024	$	12,615
Purchases	774
Net unrealized gains	14
Balance as of June 30, 2025	$	13,403

Schedule of Investments Valued Using NAV

The following table presents investments carried at fair value using NAV (in thousands):

	Fair Value		Unfunded Commitments
June 30, 2025:
Accrued performance allocations	$	328,616	N/A
Partnership interests:
Company-sponsored open-end fund	$	27,980	$	—
Company-sponsored closed-end funds	117,242		7,672
Third-party closed-end funds	16,132		6,208
Total partnership interests	$	161,354	$	13,880
December 31, 2024:
Accrued performance allocations	$	339,560	N/A
Partnership interests:
Company-sponsored open-end fund	$	29,147	$	—
Company-sponsored closed-end funds	124,034		9,994
Third-party closed-end funds	15,364		6,257
Total partnership interests	$	168,545	$	16,251

Schedule of Carrying Amounts and Estimated Fair Values of Financial Instruments at Amortized Cost

The following table presents the carrying amounts and estimated fair values of financial instruments reported at amortized cost (in thousands):

	Level 1		Level 2		Level 3		Total		Carrying Value
As of June 30, 2025:
Notes payable (private notes)	$	—	$	—	$	432,326	$	432,326	$	450,000
As of December 31, 2024:
Notes payable (private notes)	$	—	$	—	$	418,347	$	418,347	$	450,000