Non-Controlling Interests in Consolidated Subsidiaries and Funds

9 Months Ended

Sep. 30, 2022

Noncontrolling Interest [Abstract]

Redeemable Non-Controlling Interests in Consolidated Subsidiaries and Funds

Non-Controlling Interests in Consolidated Subsidiaries and Investment Funds

Redeemable and nonredeemable non-controlling interests in consolidated subsidiaries and investment funds and the related net income (loss) attributable to non-controlling interests in consolidated subsidiaries and investment funds are comprised as follows:

	As of September 30, 2022		As of September 30, 2021
	(dollars in thousands)
Nonredeemable non-controlling interests in consolidated subsidiaries and investment funds
Operating companies
Beginning balance	$	126,105	$	83,818
Capital contributions	15,114		30,360
Capital distributions	(9,025)		(6,456)
Income (loss) attributable to non-controlling interests	(2,918)		17,078
Ending balance	129,276		124,800
Consolidated Funds
Beginning balance	33,630		115,806
Capital contributions	—		19,017
Capital distributions	—		(20,161)
Deconsolidation of entity	—		(74,813)
Income (loss) attributable to non-controlling interests	(13,978)		(3,699)
Ending balance	19,652		36,150
Total Nonredeemable non-controlling interests in consolidated subsidiaries and investment funds	$	148,928	$	160,950