v3.25.1
INVESTMENTS AND FAIR VALUE DISCLOSURES - Schedule of Valuation Assumptions (Details)
$ in Thousands
Mar. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Preferred equity investment, at fair value $ 268,263 $ 267,169
CLOs 7,702 5,169
TRA liability 97,228 108,257
Fair Value, Recurring    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Preferred equity investment, at fair value 268,263 267,169
CLOs 7,702 5,169
Total Assets, at Fair Value 349,241 369,294
TRA liability 97,228 108,257
Total Liabilities, at Fair Value 403,434 276,698
Level III | Fair Value, Recurring    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Preferred equity investment, at fair value 268,263 267,169
CLOs 7,702 5,169
Total Assets, at Fair Value 275,965 272,338
TRA liability 97,228 108,257
Earnout liability 305,680 167,912
Total Liabilities, at Fair Value 402,908 276,169
Discounted cash flow | Level III | Fair Value, Recurring    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Preferred equity investment, at fair value 268,263 267,169
CLOs 7,702 5,169
TRA liability 97,228 108,257
Earnout liability $ 125,316 $ 4,911
Discounted cash flow | Yield | Level III | Fair Value, Recurring | Minimum    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
CLOs yield (as percent) 0.10 0.10
Discounted cash flow | Yield | Level III | Fair Value, Recurring | Maximum    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
CLOs yield (as percent) 0.15 0.16
Discounted cash flow | Yield | Level III | Fair Value, Recurring | Weighted Average    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
CLOs yield (as percent) 0.11 0.12
Discounted cash flow | Discount Rate | Level III | Fair Value, Recurring | Minimum    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Preferred equity (as percent) 0.13 0.13
TRA liability rate (as percent) 0.13 0.13
Earnout liability (as percent) 0 0.06
Discounted cash flow | Discount Rate | Level III | Fair Value, Recurring | Maximum    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Preferred equity (as percent) 0.13 0.13
TRA liability rate (as percent) 0.13 0.13
Earnout liability (as percent) 0.06 0.06
Discounted cash flow | Discount Rate | Level III | Fair Value, Recurring | Weighted Average    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Preferred equity (as percent) 0.13 0.13
TRA liability rate (as percent) 0.13 0.13
Earnout liability (as percent) 0 0.06
Monte Carlo Simulation | Level III | Fair Value, Recurring    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Earnout liability $ 180,364 $ 163,001
Monte Carlo Simulation | Volatility | Level III | Fair Value, Recurring | Minimum    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Earnout liability (as percent) 0.21 0.20
Monte Carlo Simulation | Volatility | Level III | Fair Value, Recurring | Maximum    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Earnout liability (as percent) 0.37 0.37
Monte Carlo Simulation | Volatility | Level III | Fair Value, Recurring | Weighted Average    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]    
Earnout liability (as percent) 0.24 0.29