Related Party Transactions (Tables)

3 Months Ended

Mar. 31, 2020

The following table summarizes the amount of revenue the Company earned from these affiliated funds:


	Three Months Ended March 31,
(in thousands)	2020		2019
Investment advisory and administration fees ⁽¹⁾	$	68,342	$	59,696
Distribution and service fees	7,783		6,973
Total	$	76,125	$	66,669

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(1) Investment advisory and administration fees are reflected net of fund reimbursements of $3.2 million and $2.4 million for the three months ended March 31, 2020 and 2019, respectively.

The following table summarizes sales proceeds, gross realized gains, gross realized losses and dividend income from investments in Company-sponsored funds that are not consolidated:


	Three Months Ended March 31,
(in thousands)	2020		2019
Proceeds from sales	$	7	$	21,107
Gross realized gains	—		—
Gross realized losses	—		(907)
Dividend income	1		2