The following table is a summary of the Company’s intangible assets as of September 30, 2026 and June 30, 2026:


	As of September 30, 2026							As of June 30, 2026
(in thousands)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Investment management agreements	$	15,264	$	(6,870	)	$	8,394	$	15,264	$	(6,645	)	$	8,619
Assembled workforce		1,103		(730	)		373		1,103		(711	)		392
Customer related		1,610		(177	)		1,433		1,610		(150	)		1,460
Licenses		450		(49	)		401		450		(42	)		408
Identifiable intangible assets, net	$	18,427	$	(7,826	)	$	10,601	$	18,427	$	(7,548	)	$	10,879

During the three months ended September 30, 2026, the Company recorded amortization expense of $0.3 million within depreciation and amortization on the condensed consolidated statements of operations. During the three months ended September 30, 2025 the Company recorded amortization expense of $0.3 million within depreciation and amortization on the condensed consolidated statements of operations.

The following table provides the estimated aggregate amortization expense for each of the five succeeding fiscal years and thereafter:


(in thousands)	Estimated Future Amortization Expense
Remainder of fiscal year 2027		818
For the year ending June 30, 2028		1,068
For the year ending June 30, 2029		1,045
For the year ending June 30, 2030		1,027
For the year ending June 30, 2031		986
For the year ending June 30, 2032		944
Thereafter		4,713
Total	$	10,601