The Company considers its professionals and non-consolidated funds to be affiliates. Amounts due from and to affiliates were composed of the following:


	As of March 31,		As of December 31,

	2026		2025
Due from affiliates
Management fees receivable from non-consolidated funds	$	878,413	$	817,767
Incentive fee receivable from non-consolidated funds	37,123		150,674
Payments made on behalf of and amounts due from non-consolidated funds and employees	432,109		451,777

Due from affiliates—Company	$	1,347,645	$	1,420,218


Due to affiliates
Management fee received in advance and rebates payable to non-consolidated funds	$	8,725	$	10,197
Tax receivable agreement liability	581,683		579,893
Realized carried interest and incentive fees payable	196,915		206,270
Payments made by non-consolidated funds on behalf of and payable by the Company	9,479		14,049
Due to affiliates—Company	$	796,802	$	810,409