| Summary of Offsetting of Financial Assets |
Offsetting of assets as of September 30, 2026 and December 31, 2025 was as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Gross Amounts of Recognized Assets | | Gross Amounts Offset in the Statement of Financial Condition | | Net Amounts of Assets Presented in the Statement of Financial Condition | | Financial
Instruments Collateral | | Cash Collateral | | Net
Amount | | (in thousands) | | September 30, 2026: | | | | | | | | | | | | | Securities borrowed | $ | 17,415 | | | $ | — | | | $ | 17,415 | | | $ | (16,992) | | | $ | — | | | $ | 423 | | | Derivatives | $ | 21,340 | | | $ | — | | | $ | 21,340 | | | $ | — | | | $ | (6,762) | | | $ | 14,578 | | | | | | | | | | | | | | | December 31, 2025: | | | | | | | | | | | | | Securities borrowed | $ | 14,689 | | | $ | — | | | $ | 14,689 | | | $ | (14,539) | | | $ | — | | | $ | 150 | | | Derivatives | $ | 12,985 | | | $ | — | | | $ | 12,985 | | | $ | — | | | $ | (5,547) | | | $ | 7,438 | | | | | | | | | | | | | |
Offsetting of derivative assets of consolidated company-sponsored investment funds as of September 30, 2026 and December 31, 2025 was as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Gross Amounts of Recognized Assets | | Gross Amounts Offset in the Statement of Financial Condition | | Net Amounts of Assets Presented in the Statement of Financial Condition | | Financial
Instruments Collateral | | Cash Collateral
Received | | Net
Amount | | (in thousands) | | September 30, 2026: | | | | | | | | | | | | | Derivatives - VIEs | $ | 23,912 | | | $ | — | | | $ | 23,912 | | | $ | — | | | $ | (330) | | | $ | 23,582 | | | | | | | | | | | | | | | December 31, 2025: | | | | | | | | | | | | | Derivatives - VIEs | $ | 20,077 | | | $ | — | | | $ | 20,077 | | | $ | — | | | $ | — | | | $ | 20,077 | | | | | | | | | | | | | |
|
| Summary of Offsetting of Financial Liabilities |
Offsetting of liabilities as of September 30, 2026 and December 31, 2025 was as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Gross Amounts of Recognized Liabilities | | Gross Amounts Offset in the Statement of Financial Condition | | Net Amounts of Liabilities Presented in the Statement of Financial Condition | | Financial
Instruments Collateral | |
Cash Collateral | | Net Amount | | (in thousands) | | September 30, 2026: | | | | | | | | | | | | | Securities loaned | $ | 2,284 | | | $ | — | | | $ | 2,284 | | | $ | — | | | $ | (2,214) | | | $ | 70 | | | Derivatives | $ | 15,787 | | | $ | — | | | $ | 15,787 | | | $ | — | | | $ | (10,844) | | | $ | 4,943 | | | | | | | | | | | | | | | December 31, 2025: | | | | | | | | | | | | | Securities loaned | $ | 51,488 | | | $ | — | | | $ | 51,488 | | | $ | — | | | $ | (50,170) | | | $ | 1,318 | | | Derivatives | $ | 17,615 | | | $ | — | | | $ | 17,615 | | | $ | — | | | $ | (10,293) | | | $ | 7,322 | | | | | | | | | | | | | |
Offsetting of derivative liabilities of consolidated company-sponsored investment funds as of September 30, 2026 and December 31, 2025 was as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Gross Amounts of Recognized Liabilities | | Gross Amounts Offset in the Statement of Financial Condition | | Net Amounts of Liabilities Presented in the Statement of Financial Condition | | Financial
Instruments Collateral | | Cash Collateral
Pledged | | Net Amount | | (in thousands) | | September 30, 2026: | | | | | | | | | | | | | Derivatives - VIEs | $ | 23,981 | | | $ | — | | | $ | 23,981 | | | $ | — | | | $ | (1,330) | | | $ | 22,651 | | | | | | | | | | | | | | | December 31, 2025: | | | | | | | | | | | | | Derivatives - VIEs | $ | 20,084 | | | $ | — | | | $ | 20,084 | | | $ | — | | | $ | (492) | | | $ | 19,592 | | | | | | | | | | | | | |
|