v3.26.1
SEGMENT REPORTING - Schedule of Reconciliation of Segment Results to the Company's Income Before Taxes and Total Assets (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Adjustments:    
Depreciation and amortization expense $ 47,100 $ 37,300
Equity compensation expense 203,632 257,862
Consolidated Funds     
Adjustments:    
Total net investment loss—realized (105,445) (160,072)
Operating segment    
Segment Reporting, Other Significant Reconciling Item [Line Items]    
Income before taxes 312,921 141,038
Adjustments:    
Depreciation and amortization expense 59,694 48,229
Equity compensation expense 203,632 257,862
Acquisition-related compensation expense 28,200 21,999
Acquisition and merger-related expense 1,244 34,608
Placement fee adjustment (6,822) (6)
Other (income) expense, net (23,006) 2,526
Total performance income—unrealized (92,035) (64,443)
Total performance related compensation—unrealized 81,422 40,550
Total net investment income—unrealized (23,511) (17,864)
Realized income 722,964 580,203
Total performance income—realized (213,548) (125,448)
Total performance related compensation—realized 138,212 84,416
Total net investment loss—realized 37,678 3,062
Fee related earnings 685,306 542,233
Operating segment | Consolidated Funds     
Adjustments:    
Income before taxes of non-controlling interests, net of eliminations (33,424) (57,979)
Operating segment | Subsidiaries    
Adjustments:    
Income before taxes of non-controlling interests, net of eliminations (5,578) (5,471)
OMG    
Adjustments:    
OMG expense, net 220,227 179,154
Realized income 220,228 174,279
Total performance income—realized 0 0
Total performance related compensation—realized 0 0
Fee related earnings $ 220,902 $ 174,957