Subsequent Events	3 Months Ended
Mar. 31, 2025
Subsequent Events [Abstract]
Subsequent Events	Note 18. Subsequent Events On May 8, 2025, the Board of Directors of the Company declared a quarterly cash dividend of $0.0375 per share of Class A and Class B common stock, payable on June 20, 2025, to the holders of record as of the close of business on May 30, 2025. On April 4, 2025 (the "Closing Date"), the Company completed the previously announced acquisition of all of the issued and outstanding equity interests of Qualitas Equity Funds SGEIC, S.A. ("Qualitas") in accordance with the terms and conditions of the previously announced equity purchase agreement between the Company, Qualitas, Qualitas Funds Holdco, S.L. ("Seller"), Sergio Garcia Huertas and Eric Todd Halverson. The purchase price for Qualitas consisted of $42.3 million in cash, 2,068,794 shares of Class A Common Stock, of which 1,669,990 shares were delivered on the Closing Date and up to an additional 398,804 shares potentially delivered upon the lapse of the holdback period, and up to an additional €31.7 million in consideration based on a run-rate net revenue as of December 31, 2027 from new funds for Qualitas raised after the acquisition. Any Earn-Out Payment will be paid in a mix of cash and Class A Common Stock at the Seller's election, with no more than 65% payable in cash. Effective April 1, 2025, Bonaccord and RCP 2 entered into an Unit Purchase Agreement with the third-party investor with whom Bonaccord had entered into a SAA in connection with the Bonaccord acquisition. Through the Unit Purchase Agreement, the third party investor exercised its option to acquire 5% of the equity interests in Bonaccord related to the final closing of Fund II described in Note 4 at a net cash purchase price of $1.2 million. Additionally, the third-party investor exchanged its existing right to receive 15% of the net management fee earnings as described in Note 4 into 15% of the equity interests in Bonaccord. In accordance with ASC 855, Subsequent Events, the Company evaluated all material events or transactions that occurred after March 31, 2025, the Consolidated Balance Sheets date, through the date the Consolidated Financial Statements were issued, and determined there have been no additional events or transactions that would materially impact the Consolidated Financial Statements.

Subsequent Events

3 Months Ended

Mar. 31, 2025

Note 18. Subsequent Events

On May 8, 2025, the Board of Directors of the Company declared a quarterly cash dividend of $0.0375 per share of Class A and Class B common stock, payable on June 20, 2025, to the holders of record as of the close of business on May 30, 2025.

On April 4, 2025 (the "Closing Date"), the Company completed the previously announced acquisition of all of the issued and outstanding equity interests of Qualitas Equity Funds SGEIC, S.A. ("Qualitas") in accordance with the terms and conditions of the previously announced equity purchase agreement between the Company, Qualitas, Qualitas Funds Holdco, S.L. ("Seller"), Sergio Garcia Huertas and Eric Todd Halverson. The purchase price for Qualitas consisted of $42.3 million in cash, 2,068,794 shares of Class A Common Stock, of which 1,669,990 shares were delivered on the Closing Date and up to an additional 398,804 shares potentially delivered upon the lapse of the holdback period, and up to an additional €31.7 million in consideration based on a run-rate net revenue as of December 31, 2027 from new funds for Qualitas raised after the acquisition. Any Earn-Out Payment will be paid in a mix of cash and Class A Common Stock at the Seller's election, with no more than 65% payable in cash.

Effective April 1, 2025, Bonaccord and RCP 2 entered into an Unit Purchase Agreement with the third-party investor with whom Bonaccord had entered into a SAA in connection with the Bonaccord acquisition. Through the Unit Purchase Agreement, the third party investor exercised its option to acquire 5% of the equity interests in Bonaccord related to the final closing of Fund II described in Note 4 at a net cash purchase price of $1.2 million. Additionally, the third-party investor exchanged its existing right to receive 15% of the net management fee earnings as described in Note 4 into 15% of the equity interests in Bonaccord.

In accordance with ASC 855, Subsequent Events, the Company evaluated all material events or transactions that occurred after March 31, 2025, the Consolidated Balance Sheets date, through the date the Consolidated Financial Statements

were issued, and determined there have been no additional events or transactions that would materially impact the Consolidated Financial Statements.