| Schedule of Intangible Assets |
Intangibles consist of the following as of March 31, 2026:
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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, 2025 |
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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 |
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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 March 31, 2026 |
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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 |
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Finite-lived intangible assets |
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Balance as of December 31, 2025 |
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$ |
10,478 |
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$ |
216,211 |
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|
$ |
793 |
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$ |
29,181 |
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$ |
256,663 |
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Impact of exchange rate movements |
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|
(271 |
) |
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|
(558 |
) |
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|
(16 |
) |
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(24 |
) |
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|
(869 |
) |
Balance as of March 31, 2026 |
|
$ |
10,207 |
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|
$ |
215,653 |
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|
$ |
777 |
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|
$ |
29,157 |
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|
$ |
255,794 |
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Accumulated Amortization |
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Balance as of December 31, 2025 |
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$ |
(204 |
) |
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$ |
(155,462 |
) |
|
$ |
(252 |
) |
|
$ |
(10,882 |
) |
|
$ |
(166,800 |
) |
Amortization expense |
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|
(215 |
) |
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|
(4,447 |
) |
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|
(49 |
) |
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|
(698 |
) |
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|
(5,409 |
) |
Impact of exchange rate movements |
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|
9 |
|
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|
79 |
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|
3 |
|
|
|
— |
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|
91 |
|
Balance as of March 31, 2026 |
|
$ |
(410 |
) |
|
$ |
(159,830 |
) |
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$ |
(298 |
) |
|
$ |
(11,580 |
) |
|
$ |
(172,118 |
) |
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Total intangible assets, net balance as of March 31, 2026 |
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$ |
9,797 |
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|
$ |
55,823 |
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|
$ |
509 |
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|
$ |
34,952 |
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|
$ |
101,081 |
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Intangibles consist of the following as of March 31, 2025:
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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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|
|
|
|
|
|
|
|
|
|
|
|
|
|
Indefinite-lived intangible assets: |
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|
|
|
|
|
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|
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Balance as of December 31, 2024 |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
30 |
|
|
$ |
17,375 |
|
|
$ |
17,405 |
|
Impact of exchange rate movements |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Balance as of March 31, 2025 |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
30 |
|
|
$ |
17,375 |
|
|
$ |
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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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 |
) |
Balance as of March 31, 2025 |
|
$ |
— |
|
|
$ |
194,666 |
|
|
$ |
186 |
|
|
$ |
28,240 |
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|
$ |
223,092 |
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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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|
— |
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|
|
(4,670 |
) |
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|
(12 |
) |
|
|
(636 |
) |
|
|
(5,318 |
) |
Adjustment for fully amortized intangibles |
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|
— |
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|
|
— |
|
|
|
2,200 |
|
|
|
— |
|
|
|
2,200 |
|
Balance as of March 31, 2025 |
|
$ |
— |
|
|
$ |
(139,164 |
) |
|
$ |
(104 |
) |
|
$ |
(8,958 |
) |
|
$ |
(148,226 |
) |
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Total intangible assets, net balance as of March 31, 2025 |
|
$ |
— |
|
|
$ |
55,502 |
|
|
$ |
112 |
|
|
$ |
36,657 |
|
|
$ |
92,271 |
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