v3.26.1
Consolidation - Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Assets    
Cash equivalents $ 99,963 $ 340,276
Total assets measured at fair value 180,979 436,828
Liabilities    
Total liabilities measured at fair value 118,344 20,800
Level 1    
Assets    
Cash equivalents 99,963 340,276
Total assets measured at fair value 178,098 434,282
Liabilities    
Total liabilities measured at fair value 0 0
Level 2    
Assets    
Cash equivalents 0 0
Total assets measured at fair value 2,881 2,546
Liabilities    
Total liabilities measured at fair value 0 0
Level 3    
Assets    
Cash equivalents 0 0
Total assets measured at fair value 0 0
Liabilities    
Total liabilities measured at fair value 118,344 20,800
Fair Value, Measurements, Recurring | Consolidated Investment Products    
Assets    
Cash equivalents 131,915 86,491
Total assets measured at fair value 2,712,357 2,719,843
Liabilities    
Notes payable 2,313,415 2,359,828
Short sales   225
Total liabilities measured at fair value 2,313,415 2,360,053
Fair Value, Measurements, Recurring | Debt investments | Consolidated Investment Products    
Assets    
Investments 2,531,574 2,566,761
Fair Value, Measurements, Recurring | Equity investments | Consolidated Investment Products    
Assets    
Investments 48,868 66,591
Fair Value, Measurements, Recurring | Level 1 | Consolidated Investment Products    
Assets    
Cash equivalents 131,915 86,491
Total assets measured at fair value 183,607 152,762
Liabilities    
Notes payable 0 0
Short sales   225
Total liabilities measured at fair value 0 225
Fair Value, Measurements, Recurring | Level 1 | Debt investments | Consolidated Investment Products    
Assets    
Investments 4,957 91
Fair Value, Measurements, Recurring | Level 1 | Equity investments | Consolidated Investment Products    
Assets    
Investments 46,735 66,180
Fair Value, Measurements, Recurring | Level 2 | Consolidated Investment Products    
Assets    
Cash equivalents 0 0
Total assets measured at fair value 2,499,260 2,536,337
Liabilities    
Notes payable 2,313,415 2,359,828
Short sales   0
Total liabilities measured at fair value 2,313,415 2,359,828
Fair Value, Measurements, Recurring | Level 2 | Debt investments | Consolidated Investment Products    
Assets    
Investments 2,497,417 2,536,337
Fair Value, Measurements, Recurring | Level 2 | Equity investments | Consolidated Investment Products    
Assets    
Investments 1,843 0
Fair Value, Measurements, Recurring | Level 3 | Consolidated Investment Products    
Assets    
Cash equivalents 0 0
Total assets measured at fair value 29,490 30,744
Liabilities    
Notes payable 0 0
Short sales   0
Total liabilities measured at fair value 0 0
Fair Value, Measurements, Recurring | Level 3 | Debt investments | Consolidated Investment Products    
Assets    
Investments 29,200 30,333
Fair Value, Measurements, Recurring | Level 3 | Equity investments | Consolidated Investment Products    
Assets    
Investments $ 290 $ 411