Annual report [Section 13 and 15(d), not S-K Item 405]

INVESTMENTS (Tables)

v3.25.0.1
INVESTMENTS (Tables)
 12 Months Ended
Dec. 31, 2024
Equity Method Investments and Joint Ventures [Abstract]  
Schedule of Company's Investment The Company’s investments are summarized below (in thousands):
Carrying Value
Investments December 31, 2024 December 31, 2023
Accrued performance allocations(1)
$ 339,560  $ 381,993 
Other investments:
Partnership interests in Company-sponsored funds(2)
153,181  177,718 
Investments in third-party partnerships(3)
15,364  13,917 
Other(4)
12,615  12,026 
Total other investments $ 181,160  $ 203,661 
(1)Represents various investment accounts held by the Bridge GPs for carried interest in Bridge-sponsored funds. There is a disproportionate allocation of returns to the Company as general partner or equivalent based on the extent to which cumulative performance of the fund exceeds minimum return hurdles. Investment is valued using NAV of the respective vehicle, which are based on asset valuations one quarter in arrears for our managed funds or current period NAV for our managed perpetual REITs.
(2)Partnership interests in Company-sponsored funds are valued using the NAV of the respective vehicle.
(3)Investments in limited partnership interests in third-party private property technology venture capital firms are valued using NAV of the respective vehicle.
(4)Other investments are accounted for using the measurement alternative to measure at cost adjusted for any impairment and/or observable price changes.