v3.26.1
Restricted Cash, Other Assets and Other Liabilities (Tables)
 6 Months Ended
Jun. 30, 2026
Restricted Cash, Other Assets And Other Liabilities [Abstract]  
Schedule of the Company's Other Assets, Net
The following table summarizes the Company's other assets.
(In thousands)June 30, 2026December 31, 2025
Prepaid taxes and deferred tax assets, net$4,713 $3,936 
Operating lease right-of-use asset for corporate offices
18,572 21,237 
Accounts receivable, net (1)
2,695 96,470 
Prepaid expenses5,482 6,758 
Fixed assets, net (2)
6,698 6,988 
Miscellaneous assets578 1,197 
Assets of discontinued operations187 193 
38,925 136,779 
Other assets of consolidated funds2,321 2,135 
Total other assets$41,246 $138,914 
__________
(1)    Amount at December 31, 2025 included $90.1 million of consideration due from fund investors who assumed interests in the Company's sponsored funds previously held by the Company, with such amounts fully received in January 2026.
(2)    Net of accumulated depreciation of $11.0 million at June 30, 2026 and $10.2 million at December 31, 2025.
Schedule of Accrued and Other Liabilities
The following table summarizes the Company's other liabilities:
(In thousands)June 30, 2026December 31, 2025
Deferred investment management fees (Note 11) (1)
$23,476 $26,882 
Interest payable on corporate debt
185 98 
Common and preferred stock dividends payable16,557 16,545 
Current and deferred income tax liability
4,702 5,377 
Accrued compensation39,093 69,475 
Accrued incentive fee and carried interest compensation506,455 358,506 
Operating lease liability for corporate offices
27,918 32,162 
Accounts payable and accrued expenses65,022 43,888 
Due to affiliates (Note 14)
34,099 26,112 
Miscellaneous liabilities1,390 3,084 
718,897 582,129 
Other liabilities of consolidated funds
Securities sold short
91,838 74,287 
Due to custodians
13,315 13,483 
Miscellaneous liabilities1,424 256 
Total other liabilities$825,474 $670,155 
__________
(1)    Deferred investment management fees are expected to be recognized as fee revenue over a weighted average period of 3.7 years and 4.3 years as of June 30, 2026 and December 31, 2025. Deferred investment management fees recognized as income of $3.2 million and $1.4 million in the three months ended June 30, 2026 and 2025, respectively, and $5.8 million and $2.8 million in the six months ended June 30, 2026 and 2025, respectively, pertain to the deferred management fee balance at the beginning of each respective period.