REVENUES (Tables)

3 Months Ended

Mar. 31, 2022

Revenue from Contract with Customer [Abstract]

Revenue Disaggregated by Fund Structure

Revenues by fund structure and sub-advisory fees are set forth below.

	Three months ended March 31,
	2022		2021
Management Fees
Closed-end	$	1,382	$	1,017
Open-end	1,370		1,344
Sub-advisory fees	57,679		53,965
Total	$	60,431	$	56,326
	Three months ended March 31,
	2022		2021
Incentive Income
Closed-end and Evergreen	$	2,599	$	551,424

Contract Balances

The table below sets forth contract balances for the periods indicated:

	As of
	March 31, 2022		December 31, 2021
Receivables	$	38,108	$	138,435
Contract assets (1)	344		151,360

(1)    The changes in the balances primarily relate to accruals, net of payments received.