v3.26.1
Prepaid and Other Assets (Tables)
 3 Months Ended
Mar. 31, 2026
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Prepaid Expenses and Other Assets
Prepaid and other assets of the Company consisted of the following as of March 31, 2026 and December 31, 2025 (in thousands):
March 31, 2026December 31, 2025
Pursuit costs (1)
$714 $714 
Prepaid expenses626 771 
Accounts receivable, net116 116 
Deposits3 46 
Finance lease - right of use assets23 26 
Other assets702 695 
Total prepaid and other assets$2,184 $2,368 
(1)
Pursuit costs represent expenses incurred related to new fund formation, primarily for professional, legal, consulting, accounting and tax services. As the funds raise equity investments and operating cash flow, as applicable, these costs are reimbursed by the respective funds to the Company. The Company assesses collectability and expenses any amounts in which collectability is not reasonably assured.
Prepaid and Other Assets of the Consolidated Funds
Prepaid and other assets of the consolidated funds consisted of the following as of March 31, 2026 and December 31, 2025 (in thousands):
March 31, 2026December 31, 2025
Prepaid expenses$96 $35 
Deposits31 5 
Accounts receivable, net28 2 
Other assets (1)
243 225 
Total prepaid and other assets$398 $267 
(1)
Other assets primarily consist of accrued straight-line rental receivables related to portions of the Company’s owned headquarters which are leased to third-party tenants.