Net Income

Dropped 29% (from 305,624 thousand USD to 216,128 thousand USD)

Weaker investment returns drove the decline, with investment income deteriorating significantly, which in turn contributed to reduced net income compared to Q4 2023. This decline reflects both lower realized gains and broader market challenges affecting performance. " "

Cash and Cash Equivalents

Plunged by over 90% (from 308,172 thousand USD to 22,303 thousand USD)

The drastic reduction indicates a major reallocation of liquidity, likely due to increased capital deployment into investments or large-scale distributions, radically shifting the company’s cash position relative to the previous year. " "

Total Assets

Fell about 6.5% (from 7,555,933 thousand USD to 7,073,432 thousand USD)

The decline in total assets is attributed to reduced asset values and possible asset sales or strategic rebalancing, reflecting changes in the investment portfolio compared to Q4 2023. " "

Debt Obligations of Consolidated Funds

Increased by approximately 55% (from 951,950 thousand USD to 1,472,795 thousand USD)

The surge in debt obligations points to increased leverage and potential additional borrowings for financing investments or meeting liquidity needs, compounded by restructuring actions affecting reported liabilities. " "

Investment Income (Loss)

Worsened significantly (loss increased from 37,286 thousand USD to 109,999 thousand USD)

The marked deterioration in investment income reflects weaker performance of underlying investments and adverse market conditions, which not only reduced overall investment returns but also had a cascading negative effect on net income compared to Q4 2023. " "