Assets Under Management (AUM) grew 15% year-over-year to $314.9 billion. Fee-Paying AUM (FPAUM) reached $188.4 billion as of March 31, 2026. Fee-Related Earnings (FRE) increased to $393.6 million from $345.4 million in the prior year period. Distributable Earnings rose to $292.5 million compared to $262.5 million in Q1 2025. The company reported $29.9 billion in AUM not yet paying fees, representing approximately $349 million in potential annualized management fees.