| Schedule of Equity Method Investments |
Investments consist of the following (in thousands): | | | | | | | | | | | | | | | September 30, 2026 | | December 31, 2025 | | Equity method - performance allocations | $ | 8,211,947 | | | $ | 7,309,239 | | Equity method - capital interests (includes assets pledged of $389,633 and $521,124 as of September 30, 2026 and December 31, 2025, respectively) | 1,296,486 | | | 1,801,436 | | | Equity investments | 613,558 | | | — | | | Loan held for sale | 59,326 | | | — | | Investments held to maturity, at amortized cost (includes assets pledged of $72,072 and $82,198 as of September 30, 2026 and December 31, 2025, respectively) | 79,550 | | | 88,480 | | | | | | | | | | | Equity method - other | 16,943 | | | 12,661 | | | Total investments | $ | 10,277,810 | | | $ | 9,211,816 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2026 | | 2025 | | 2026 | | 2025 | | | | | | | | | | | | | | | | | | | | | | | | Net (losses) gains of equity method investments - other | $ | (153) | | | $ | (133) | | | $ | 2,593 | | | $ | (656) | | | | | Net gains from equity investments | 121,144 | | | — | | | 108,214 | | | 217 | | | | | Net gains (losses) of investments held for sale and other | — | | | 345 | | | — | | | (2,227) | | | | | Total net gains (losses) from investment activities | $ | 120,991 | | | $ | 212 | | | $ | 110,807 | | | $ | (2,666) | | | |
|
| Schedule of Equity Securities |
Investments consist of the following (in thousands): | | | | | | | | | | | | | | | September 30, 2026 | | December 31, 2025 | | Equity method - performance allocations | $ | 8,211,947 | | | $ | 7,309,239 | | Equity method - capital interests (includes assets pledged of $389,633 and $521,124 as of September 30, 2026 and December 31, 2025, respectively) | 1,296,486 | | | 1,801,436 | | | Equity investments | 613,558 | | | — | | | Loan held for sale | 59,326 | | | — | | Investments held to maturity, at amortized cost (includes assets pledged of $72,072 and $82,198 as of September 30, 2026 and December 31, 2025, respectively) | 79,550 | | | 88,480 | | | | | | | | | | | Equity method - other | 16,943 | | | 12,661 | | | Total investments | $ | 10,277,810 | | | $ | 9,211,816 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | 2026 | | 2025 | | 2026 | | 2025 | | | | | | | | | | | | | | | | | | | | | | | | Net (losses) gains of equity method investments - other | $ | (153) | | | $ | (133) | | | $ | 2,593 | | | $ | (656) | | | | | Net gains from equity investments | 121,144 | | | — | | | 108,214 | | | 217 | | | | | Net gains (losses) of investments held for sale and other | — | | | 345 | | | — | | | (2,227) | | | | | Total net gains (losses) from investment activities | $ | 120,991 | | | $ | 212 | | | $ | 110,807 | | | $ | (2,666) | | | |
|