Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash Flows from Operating Activities
Consolidated net income	$ 349,391	$ 139,584
Adjustments to reconcile consolidated net income to net cash from operating activities:
Amortization of intangible assets	181,603	243,532
Equity-based compensation	203,287	219,075
Depreciation and amortization of fixed assets	11,707	7,406
Amortization of debt discounts and deferred financing costs	5,205	3,619
Non-cash lease expense	27,148	16,581
Payment of earnout liability in excess of acquisition-date fair value	(13,808)	(7,406)
Net gains on investments, net of dividends on equity-method investments	(2,271)	(2,415)
Change in TRA liability	(4,890)	(8,187)
Change in warrant liability	17,950	3,550
Change in earnout liability	10,711	4,912
Deferred income taxes	29,004	7,147
Changes in operating assets and liabilities:
Due from related parties	(151,869)	12,116
Strategic Revenue-Share Purchase consideration	32,436	30,198
Other assets, net	(23,724)	(4,198)
Accrued compensation	(36,993)	(34,510)
Accounts payable, accrued expenses and other liabilities	40,649	9,792
Net Cash (Used in) Provided by Operating Activities	675,536	640,796
Cash Flows from Investing Activities
Purchases of fixed assets	(50,269)	(34,372)
Purchases of investments	(310,130)	(68,000)
Proceeds from investment sales and maturities	203,944	34,507
Cash consideration paid for acquisitions, net of cash acquired	(435,410)	(26,245)
Net Cash (Used in) Provided by Investing Activities	(591,865)	(94,110)
Cash Flows from Financing Activities
Offering costs related to the Acquisitions	(245)	0
Proceeds from debt obligations	2,040,000	819,800
Debt issuance costs	(24,915)	(5,689)
Repayments of debt obligations, including retirement costs	(1,155,000)	(700,000)
Payment of earnout liability, up to acquisition-date fair value	(79,981)	(79,134)
Equity-classified awards settled in cash	0	(3,186)
Payments under the TRA	(28,166)	0
Withholding taxes on vested RSUs	(34,888)	(11,191)
Dividends paid on Class A Shares	(260,113)	(184,066)
Contributions from noncontrolling interests	29,630	31,730
Distributions to noncontrolling interests	(558,251)	(406,334)
Net Cash Provided by (Used in) Financing Activities	(71,929)	(538,070)
Net Increase (Decrease) in Cash and Cash Equivalents	11,742	8,616
Cash and cash equivalents, beginning of period	104,160	68,079
Cash and Cash Equivalents, End of Period	115,902	76,695
Supplemental Information
Cash paid for interest	49,433	47,482
Cash paid for income taxes	$ 18,271	$ 13,882