| Schedule of Intangible Assets |
Intangibles consists of the following:
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Investor and Intermediary Relationships |
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Management and Advisory Contracts |
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Technology |
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Trade Names |
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Total |
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Gross Carrying Amount |
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Indefinite-lived intangible assets: |
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Balance as of December 31, 2024 |
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$ |
— |
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|
$ |
— |
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|
$ |
30 |
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|
$ |
17,375 |
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|
$ |
17,405 |
|
Impact of exchange rate movements |
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|
— |
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|
— |
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|
|
— |
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|
— |
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|
|
— |
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Balance as of June 30, 2025 |
|
$ |
— |
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|
$ |
— |
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|
$ |
30 |
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|
$ |
17,375 |
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$ |
17,405 |
|
Finite-lived intangible assets |
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Balance as of December 31, 2024 |
|
$ |
— |
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|
$ |
194,666 |
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$ |
2,386 |
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|
$ |
28,240 |
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$ |
225,292 |
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Additions, net of adjustments |
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9,776 |
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|
20,102 |
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|
549 |
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|
879 |
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|
31,306 |
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Adjustment for fully amortized intangibles |
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— |
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— |
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(2,200 |
) |
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|
— |
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|
|
(2,200 |
) |
Impact of exchange rate movements |
|
|
654 |
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|
1,345 |
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|
38 |
|
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|
58 |
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|
|
2,095 |
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Balance as of June 30, 2025 |
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$ |
10,430 |
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|
$ |
216,113 |
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|
$ |
773 |
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|
$ |
29,177 |
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|
$ |
256,493 |
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Accumulated Amortization |
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Balance as of December 31, 2024 |
|
$ |
— |
|
|
$ |
(134,494 |
) |
|
$ |
(2,292 |
) |
|
$ |
(8,322 |
) |
|
$ |
(145,108 |
) |
Amortization expense |
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|
(51 |
) |
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(10,079 |
) |
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|
(60 |
) |
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|
(1,278 |
) |
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|
(11,468 |
) |
Adjustment for fully amortized intangibles |
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|
— |
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|
|
— |
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|
2,200 |
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|
|
— |
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|
|
2,200 |
|
Impact of exchange rate movements |
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|
(1 |
) |
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|
(20 |
) |
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(2 |
) |
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|
— |
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(23 |
) |
Balance as of June 30, 2025 |
|
$ |
(52 |
) |
|
$ |
(144,593 |
) |
|
$ |
(154 |
) |
|
$ |
(9,600 |
) |
|
$ |
(154,399 |
) |
Total intangible assets, net balance as of June 30, 2025 |
|
$ |
10,378 |
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|
$ |
71,520 |
|
|
$ |
649 |
|
|
$ |
36,952 |
|
|
$ |
119,499 |
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|
Investor and Intermediary Relationships |
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|
Management and Advisory Contracts |
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|
Technology |
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|
Trade Names |
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Total |
|
Gross Carrying Amount |
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|
|
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|
|
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Indefinite-lived intangible assets: |
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|
|
|
|
|
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|
|
|
|
|
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|
Balance as of December 31, 2023 |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
30 |
|
|
$ |
17,375 |
|
|
$ |
17,405 |
|
Impact of exchange rate movements |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Balance as of June 30, 2024 |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
30 |
|
|
$ |
17,375 |
|
|
$ |
17,405 |
|
Finite-lived intangible assets |
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|
|
|
|
|
|
|
|
|
|
|
|
|
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Balance as of December 31, 2023 |
|
$ |
— |
|
|
$ |
194,666 |
|
|
$ |
2,380 |
|
|
$ |
28,240 |
|
|
$ |
225,286 |
|
Impact of exchange rate movements |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Balance as of June 30, 2024 |
|
$ |
— |
|
|
$ |
194,666 |
|
|
$ |
2,380 |
|
|
$ |
28,240 |
|
|
$ |
225,286 |
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|
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Accumulated Amortization |
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|
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|
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Balance as of December 31, 2023 |
|
$ |
— |
|
|
$ |
(111,873 |
) |
|
$ |
(1,834 |
) |
|
$ |
(5,789 |
) |
|
$ |
(119,496 |
) |
Amortization expense |
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|
— |
|
|
|
(11,311 |
) |
|
|
(298 |
) |
|
|
(1,266 |
) |
|
|
(12,875 |
) |
Balance as of June 30, 2024 |
|
$ |
— |
|
|
$ |
(123,184 |
) |
|
$ |
(2,132 |
) |
|
$ |
(7,055 |
) |
|
$ |
(132,371 |
) |
Total intangible assets, net balance as of June 30, 2024 |
|
$ |
— |
|
|
$ |
71,482 |
|
|
$ |
278 |
|
|
$ |
38,560 |
|
|
$ |
110,320 |
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