Related Party Transactions (Tables)

6 Months Ended

Jun. 30, 2026

The Company had the following due from affiliates and other receivables at June 30, 2026 and December 31, 2025:


	As of
	June 30, 2026	December 31, 2025
	(Dollars in millions)
Accrued incentive fees	$96.4	$53.6
Unbilled receivable for giveback obligations from current and former employees	39.4	24.2
Notes receivable and accrued interest from affiliates	50.3	34.0
Management fee receivable, net	244.5	246.0
Reimbursable expenses and other receivables from unconsolidated funds and affiliates, net(1)	750.6	477.0
Total	$1,181.2	$834.8

(1)As of June 30, 2026, this balance included $132 million of reimbursable expenses related to a transaction in the Global Private Equity

segment, which were received in the third quarter.

The Company had the following due to affiliates

balances at June 30, 2026 and December 31, 2025:


	As of
	June 30, 2026	December 31, 2025
	(Dollars in millions)
Due to affiliates of Consolidated Funds	$7.4	$6.1
Due to non-consolidated affiliates	144.4	102.0
Amounts owed under the tax receivable agreement	63.9	71.8
Other	27.3	24.0
Total	$243.0	$203.9