| Schedule of Equity Method Investments |
Investments consist of the following (in thousands): | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | Equity method - performance allocations | $ | 7,769,371 | | | $ | 7,309,239 | | Equity method - capital interests (includes assets pledged of $384,894 and $521,124 as of June 30, 2026 and December 31, 2025, respectively) | 1,266,172 | | | 1,801,436 | | | Equity investments | 489,219 | | | — | | | | | | Investments held to maturity, at amortized cost (includes assets pledged of $76,924 and $82,198 as of June 30, 2026 and December 31, 2025, respectively) | 84,403 | | | 88,480 | | | | | | | | | | | Equity method - other | 16,721 | | | 12,661 | | | Total investments | $ | 9,625,886 | | | $ | 9,211,816 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | | | | | | | | | | | | | | | | | | | | | | | Net (losses) gains of equity method investments - other | $ | (583) | | | $ | (997) | | | $ | 2,746 | | | $ | (523) | | | | | Net (losses) gains from equity investments | (8,470) | | | 206 | | | (12,930) | | | 217 | | | | | Net losses of investments held for sale and other | — | | | — | | | — | | | (2,572) | | | | | Total net losses from investment activities | $ | (9,053) | | | $ | (791) | | | $ | (10,184) | | | $ | (2,878) | | | |
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| Schedule of Equity Securities |
Investments consist of the following (in thousands): | | | | | | | | | | | | | | | June 30, 2026 | | December 31, 2025 | | Equity method - performance allocations | $ | 7,769,371 | | | $ | 7,309,239 | | Equity method - capital interests (includes assets pledged of $384,894 and $521,124 as of June 30, 2026 and December 31, 2025, respectively) | 1,266,172 | | | 1,801,436 | | | Equity investments | 489,219 | | | — | | | | | | Investments held to maturity, at amortized cost (includes assets pledged of $76,924 and $82,198 as of June 30, 2026 and December 31, 2025, respectively) | 84,403 | | | 88,480 | | | | | | | | | | | Equity method - other | 16,721 | | | 12,661 | | | Total investments | $ | 9,625,886 | | | $ | 9,211,816 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | | | | | | | | | | | | | | | | | | | | | | | Net (losses) gains of equity method investments - other | $ | (583) | | | $ | (997) | | | $ | 2,746 | | | $ | (523) | | | | | Net (losses) gains from equity investments | (8,470) | | | 206 | | | (12,930) | | | 217 | | | | | Net losses of investments held for sale and other | — | | | — | | | — | | | (2,572) | | | | | Total net losses from investment activities | $ | (9,053) | | | $ | (791) | | | $ | (10,184) | | | $ | (2,878) | | | |
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