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 June 30,		As of December 31,

	2026		2025
Due from affiliates
Management fees receivable from non-consolidated funds	$	863,480	$	817,767
Incentive fee receivable from non-consolidated funds	41,956		150,674
Payments made on behalf of and amounts due from non-consolidated funds and employees	471,684		451,777

Due from affiliates—Company	$	1,377,120	$	1,420,218


Due to affiliates
Management fee received in advance and rebates payable to non-consolidated funds	$	7,422	$	10,197
Tax receivable agreement liability	621,992		579,893
Realized carried interest and incentive fees payable	121,496		206,270
Payments made by non-consolidated funds on behalf of and payable by the Company	13,858		14,049
Due to affiliates—Company	$	764,768	$	810,409