REVENUES (Tables)

3 Months Ended

Mar. 31, 2023

Revenue from Contract with Customer [Abstract]

Schedule of Revenue Disaggregated by Fund Structure

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

	Three months ended March 31,
	2023		2022
Management Fees
Closed-end	$	—	$	1,382
Open-end	—		1,370
Sub-advisory fees	—		57,679
Total	$	—	$	60,431
	Three months ended March 31,
	2023		2022
Incentive Income
Closed-end	$	59,099	$	2,255
Evergreen	302		344
Total	$	59,401	$	2,599

Schedule of Contract Balances

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

	As of
	March 31, 2023		December 31, 2022
Receivables	$	23,668	$	8,471
Contract assets (1)	—		194,707

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