Quarterly report pursuant to Section 13 or 15(d)

REALIZED AND UNREALIZED GAINS (LOSSES)

v3.22.2.2
REALIZED AND UNREALIZED GAINS (LOSSES)
 9 Months Ended
Sep. 30, 2022
Other Income and Expenses [Abstract]  
REALIZED AND UNREALIZED GAINS (LOSSES) REALIZED AND UNREALIZED GAINS (LOSSES)
Realized gains (losses) in the condensed consolidated and combined statements of operations consist primarily of the realized and unrealized gains and losses on investments (including foreign exchange gains and losses attributable to foreign denominated investments and related activities) and other financial instruments, including the General Partner Note Payable for which the fair value option has been elected. Unrealized gains or losses result from changes in the fair value of these investments and other financial instruments during a period. Upon disposition of an investment or financial instrument, previously recognized unrealized gains or losses are reversed and an offsetting realized gain or loss is recognized in the current period.
The following table summarizes realized gains (losses) on investments and other financial instruments for the three and nine months ended September 30, 2022 and 2021 (in thousands):
Three Months Ended
September 30, 2022		 Three Months Ended
September 30, 2021
Net Realized
Gains (Losses)
Net Unrealized
Gains (Losses)
Total
Net Realized
Gains (Losses)
Net Unrealized
Gains (Losses)
Total
Investment in Company-sponsored funds $ 1,508  $ (3,097) $ (1,589) $ (1) $ (1,269) $ (1,270)
Investment in third-party partnerships (126) 214  88  (98) 683  585 
Other investments —  —  —  4  2,832  2,836 
General Partner Notes Payable (1,495) 3,535  2,040  —  414  414 
Total realized and unrealized gains (losses) $ (113) $ 652  $ 539  $ (95) $ 2,660  $ 2,565 
Nine Months Ended
September 30, 2022		 Nine Months Ended
September 30, 2021
Net Realized
Gains (Losses) 		Net Unrealized
Gains (Losses) 		Total Net Realized
Gains (Losses)		 Net Unrealized
Gains (Losses)		 Total
Investment in Company-sponsored funds $ 1,258  $ 760  $ 2,018  $ (5) $ 3,184  $ 3,179 
Investment in third-party partnerships (187) 1,808  1,621  (410) 2,206  1,796 
Other investments —  —  —  4  2,854  2,858 
General Partner Notes Payable (1,563) 2,781  1,218  —  830  830 
Total realized and unrealized gains (losses) $ (492) $ 5,349  $ 4,857  $ (411) $ 9,074  $ 8,663