| Schedule of Intangible Assets |
Intangibles consist of the following as of June 30, 2026:
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Investor and Intermediary Relationships |
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Management and Advisory Contracts |
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Technology |
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Trade Names |
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Total |
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Gross Carrying Amount |
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Indefinite-lived intangible assets: |
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Balance as of December 31, 2025 |
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$ |
— |
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$ |
— |
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$ |
30 |
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$ |
17,375 |
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$ |
17,405 |
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Impact of exchange rate movements |
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|
— |
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|
— |
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|
— |
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|
— |
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|
— |
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Balance as of June 30, 2026 |
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$ |
— |
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|
$ |
— |
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|
$ |
30 |
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$ |
17,375 |
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$ |
17,405 |
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Finite-lived intangible assets |
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Balance as of December 31, 2025 |
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$ |
10,478 |
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$ |
216,211 |
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|
$ |
793 |
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$ |
29,181 |
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$ |
256,663 |
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Additions |
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4,000 |
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|
172,800 |
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— |
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|
1,600 |
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|
178,400 |
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Impact of exchange rate movements |
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|
(335 |
) |
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|
(688 |
) |
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|
(19 |
) |
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|
(30 |
) |
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|
(1,072 |
) |
Balance as of June 30, 2026 |
|
$ |
14,143 |
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|
$ |
388,323 |
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|
$ |
774 |
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|
$ |
30,751 |
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$ |
433,991 |
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Accumulated Amortization |
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Balance as of December 31, 2025 |
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$ |
(204 |
) |
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$ |
(155,462 |
) |
|
$ |
(252 |
) |
|
$ |
(10,882 |
) |
|
$ |
(166,800 |
) |
Amortization expense |
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|
(427 |
) |
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|
(9,299 |
) |
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|
(95 |
) |
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|
(1,403 |
) |
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|
(11,224 |
) |
Impact of exchange rate movements |
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|
15 |
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|
115 |
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7 |
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— |
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|
137 |
|
Balance as of June 30, 2026 |
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$ |
(616 |
) |
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$ |
(164,646 |
) |
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$ |
(340 |
) |
|
$ |
(12,285 |
) |
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$ |
(177,887 |
) |
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Total intangible assets, net balance as of June 30, 2026 |
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$ |
13,527 |
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|
$ |
223,677 |
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|
$ |
464 |
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|
$ |
35,841 |
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|
$ |
273,509 |
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Intangibles consist of the following as of June 30, 2025:
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Investor and Intermediary Relationships |
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|
Management and Advisory Contracts |
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|
Technology |
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|
Trade Names |
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Total |
|
Gross Carrying Amount |
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|
|
|
|
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|
|
|
|
Indefinite-lived intangible assets: |
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Balance as of December 31, 2024 |
|
$ |
— |
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|
$ |
— |
|
|
$ |
30 |
|
|
$ |
17,375 |
|
|
$ |
17,405 |
|
Impact of exchange rate movements |
|
|
— |
|
|
|
— |
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|
|
— |
|
|
|
— |
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|
|
— |
|
Balance as of June 30, 2025 |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
30 |
|
|
$ |
17,375 |
|
|
$ |
17,405 |
|
Finite-lived intangible assets |
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|
|
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|
|
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Balance as of December 31, 2024 |
|
$ |
— |
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|
$ |
194,666 |
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|
$ |
2,386 |
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|
$ |
28,240 |
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|
$ |
225,292 |
|
Additions, net of adjustments |
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|
9,776 |
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|
20,102 |
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|
549 |
|
|
|
879 |
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|
31,306 |
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Adjustment for fully amortized intangibles |
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|
— |
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— |
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(2,200 |
) |
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|
— |
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|
|
(2,200 |
) |
Impact of exchange rate movements |
|
|
654 |
|
|
|
1,345 |
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|
|
38 |
|
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|
58 |
|
|
|
2,095 |
|
Balance as of June 30, 2025 |
|
$ |
10,430 |
|
|
$ |
216,113 |
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|
$ |
773 |
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|
$ |
29,177 |
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$ |
256,493 |
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Accumulated Amortization |
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Balance as of December 31, 2024 |
|
$ |
— |
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|
$ |
(134,494 |
) |
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$ |
(2,292 |
) |
|
$ |
(8,322 |
) |
|
$ |
(145,108 |
) |
Amortization expense |
|
|
(51 |
) |
|
|
(10,079 |
) |
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|
(60 |
) |
|
|
(1,278 |
) |
|
|
(11,468 |
) |
Adjustment for fully amortized intangibles |
|
|
— |
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|
|
— |
|
|
|
2,200 |
|
|
|
— |
|
|
|
2,200 |
|
Impact of exchange rate movements |
|
|
(1 |
) |
|
|
(20 |
) |
|
|
(2 |
) |
|
|
— |
|
|
|
(23 |
) |
Balance as of June 30, 2025 |
|
$ |
(52 |
) |
|
$ |
(144,593 |
) |
|
$ |
(154 |
) |
|
$ |
(9,600 |
) |
|
$ |
(154,399 |
) |
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Total intangible assets, net balance as of June 30, 2025 |
|
$ |
10,378 |
|
|
$ |
71,520 |
|
|
$ |
649 |
|
|
$ |
36,952 |
|
|
$ |
119,499 |
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