v3.25.2
Intangible Assets and Goodwill
 6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill
6. Intangible Assets and Goodwill
Intangible Assets, Net
The following table summarizes the carrying values of intangible assets as of June 30, 2025 and December 31, 2024 (in thousands):
June 30, 2025December 31, 2024
Gross Carrying ValueAccumulated AmortizationNet Carrying ValueGross Carrying ValueAccumulated AmortizationNet Carrying Value
Contractual performance fee allocations$313,000 $(116,168)$196,832 $313,000 $(92,718)$220,282 
Management contracts287,000 (57,935)229,065 302,000 (53,680)248,320 
Technology46,000 (19,167)26,833 46,000 (13,417)32,583 
Investor relationships25,000 (8,333)16,667 25,000 (7,292)17,708 
Trade name15,500 (4,697)10,803 15,500 (3,288)12,212 
Other intangible assets(a)
1,494 (462)1,032 8,494 (5,892)2,602 
Total intangible assets, net
$687,994 $(206,762)$481,232 $709,994 $(176,287)$533,707 
_______________
(a)Includes indefinite-lived intangible assets of $1.0 million as of June 30, 2025 and December 31, 2024.
The Company recognized no impairment losses on intangible assets during the three and six months ended June 30, 2025 and 2024.
Intangible asset amortization expense was $25.8 million and $52.5 million for the three and six months ended June 30, 2025, respectively, and $27.6 million and $55.1 million for the three and six months ended June 30, 2024, respectively.
The following table presents estimated remaining amortization expense for finite-lived intangible assets that existed as of June 30, 2025 (in thousands):

Remainder of 2025$49,044 
202698,089 
202796,149 
202875,304 
202949,699 
Thereafter111,953 
Total$480,238 
Goodwill
As of June 30, 2025 and December 31, 2024, the carrying value of the Company’s goodwill was $436.1 million.
As of June 30, 2025, there have been no impairment losses recognized on goodwill.