Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS (Tables)

v3.23.3
INVESTMENTS (Tables)
 9 Months Ended
Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]  
Schedule of Company's Investment The Company’s investments are summarized below (in thousands):
Carrying Value
Investments September 30, 2023 December 31, 2022
Accrued performance allocations(1)
$ 377,474  $ 554,723 
Other investments:
Partnership interests in Company-sponsored funds(2)
182,727  65,289 
Investments in third-party partnerships(3)
9,484  11,798 
Other(4)
8,272  8,369 
Total other investments $ 200,483  $ 85,456 
(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.
(2)Partnership interests in Company-sponsored funds are valued using NAV of the respective vehicle.
(3)Investments in limited partnership interest 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 observable price changes.