Sculptor Capital Management (SCU) 10-Q 5 May 23 2023 Q1 Quarterly report Financial data

Cover page

Cover page - shares	3 Months Ended
	Mar. 31, 2023	May 02, 2023
Document Information [Line Items]
Document Type	10-Q
Document Period End Date	Mar. 31, 2023
Document Transition Report	false
Entity File Number	001-33805
Entity Registrant Name	SCULPTOR CAPITAL MANAGEMENT, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	26-0354783
Entity Address, Address Line One	9 West 57th Street
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10019
City Area Code	212
Local Phone Number	790-0000
Title of 12(b) Security	Class A Shares
Trading Symbol	SCU
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001403256
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Amendment Flag	false
Document Quarterly Report	true
Document Quarterly Report	true
Class A Shares
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		24,971,561
Class B Shares
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		33,018,248
Restricted Class A Shares (“RSAs”)
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		4,645,054

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Assets
Cash and cash equivalents	$ 211,758	$ 258,863
Restricted cash	7,912	7,895
Investments (includes assets measured at fair value of $217,008 and $231,929 including assets sold under agreements to repurchase of $161,424 and $157,107 as of March 31, 2023 and December 31, 2022, respectively)	292,978	299,059
Income and fees receivable	46,439	56,360
Due from related parties	24,860	32,846
Deferred income tax assets	246,230	257,939
Operating lease assets	72,985	75,861
Total Other Assets, Net	79,248	106,442
Assets of consolidated entities:
Cash and cash equivalents	12,655	3
Restricted cash and cash equivalents of consolidated entities	9,906	9,805
Investments of Consolidated Entities	547,834	544,554
Other assets of consolidated entities	2,241	2,579
Total Assets	1,555,046	1,652,206
Liabilities
Compensation payable	26,162	127,209
Unearned income and fees	45,504	53,869
Tax receivable agreement liability	190,188	190,245
Operating lease liabilities	88,601	92,045
Debt obligations	119,869	124,176
Warrants	23,989	24,163
Securities sold under agreements to repurchase	168,931	166,632
Other liabilities	44,854	43,049
Liabilities of consolidated entities:
Notes payable, at fair value	197,813	196,106
Warrant liabilities, at fair value	1,082	596
Other liabilities of consolidated entities	12,917	9,669
Total Liabilities	919,910	1,027,759
Commitments and Contingencies
Redeemable noncontrolling interests of consolidated entities	240,541	237,864
Shareholders’ Equity
Treasury Stock, Value	(32,495)	(32,495)
Additional paid-in capital	263,607	255,293
Accumulated deficit	(272,410)	(276,149)
Accumulated other comprehensive income (loss)	546	(119)
Shareholders’ deficit attributable to Class A Shareholders	(40,172)	(52,896)
Shareholders’ equity attributable to noncontrolling interests	434,767	439,479
Total Shareholders’ Equity	394,595	386,583
Total Liabilities and Shareholders’ Equity	1,555,046	1,652,206
Class A Shares
Shareholders’ Equity
Value of stock	250	238
Class B Shares
Shareholders’ Equity
Value of stock	$ 330	$ 336

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Investments measured at fair value	$ 217,008	$ 231,929
Assets sold under agreements to repurchase	$ 161,424	$ 157,107
Class A Shares
Common stock, par value per share (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	27,992,537	26,729,608
Common stock, shares outstanding (in shares)	24,970,157	23,707,228
Class B Shares
Common stock, par value per share (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	75,000,000	75,000,000
Common stock, shares issued (in shares)	33,018,248	33,569,188
Common stock, shares outstanding (in shares)	33,018,248	33,569,188
Treasury Stock
Treasury Stock, Common, Shares	3,022,380	3,022,380

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Revenues
Other revenues	$ 6,545	$ 2,430
Income (loss) of consolidated entities	2,696	(161)
Total Revenues	113,235	97,348
Expenses
Compensation and benefits	68,622	77,785
Interest expense	5,596	3,285
General, Administrative and Other Expense	33,795	27,316
Expenses of consolidated entities	547	244
Total Expenses	108,560	108,630
Other Income
Changes in fair value of warrant liabilities	174	24,336
Changes in tax receivable agreement liability	57	(7)
Net gains (losses) on investments	4,928	(5,344)
Net gains of consolidated entities	7,877	4,140
Total Other Income	13,036	23,125
Income Before Income Taxes	17,711	11,843
Income taxes	12,747	6,967
Consolidated Net Income	4,964	4,876
Less: Net loss attributable to noncontrolling interests	6,205	12,006
Less: Net (income) loss attributable to redeemable noncontrolling interests	(1,499)	(3,068)
Net Income Attributable to Sculptor Capital Management, Inc.	9,670	13,814
Change in redemption value of redeemable noncontrolling interests	(1,178)	3,068
Net Income Attributable to Class A Shareholders	$ 8,492	$ 16,882
Earnings Per Share [Abstract]
Earnings per Class A Share - basic	$ 0.34	$ 0.63
Earnings per Class A Share - diluted	$ 0.05	$ (0.29)
Weighted-average Class A Shares outstanding - basic	25,173,834	26,596,572
Weighted-average Class A Shares outstanding - diluted	53,633,608	43,693,932
Management fees
Revenues
Investment management revenues	$ 63,708	$ 73,437
Incentive income
Revenues
Investment management revenues	$ 40,286	$ 21,642

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Comprehensive Income [Abstract]
Consolidated net income	$ 4,964	$ 4,876
Other Comprehensive Income, Net of Tax
Other comprehensive income (loss) - currency translation adjustment	665	(750)
Comprehensive Income	5,629	4,126
Less: Comprehensive loss attributable to noncontrolling interests	6,205	12,006
Less: Comprehensive income attributable to redeemable noncontrolling interests	(1,499)	(3,068)
Comprehensive Income Attributable to Sculptor Capital Management, Inc.	$ 10,335	$ 13,064

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity (Deficit) - USD ($) $ in Thousands	Total	Class A Shares	Class B Shares	Treasury Stock	Common Stock Par Value Class A Shares	Common Stock Par Value Class B Shares	Common Stock Par Value Treasury Stock	Additional Paid in Capital	Accumulated Deficit	Accumulated Other Comprehensive (Loss) Income	Shareholders’ Deficit Attributable to Class A Shareholders	Shareholders’ Equity Attributable to Noncontrolling Interests
Balance at Beginning of Period (shares) at Dec. 31, 2021		25,668,987	33,613,023
Balance at Beginning of Period (shares) at Dec. 31, 2021				0
Balance at Beginning of Period (values) at Dec. 31, 2021	$ 378,283				$ 257	$ 336		$ 184,691	$ (253,521)	$ 51	$ (68,186)	$ 446,469
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity-based compensation, net of taxes (shares)		856,845	63,308
Stock Repurchased During Period, Shares		(473,719)		(473,719)
Balance at Beginning of Period, Value at Dec. 31, 2021							$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity-based compensation, net of taxes	16,411				9	1		14,477			14,487	1,924
Treasury Stock, Value, Acquired, Par Value Method					(5)
Stock Repurchased During Period, Value	(6,254)						(6,249)				(6,254)
Dividend equivalents on Class A restricted share units	0							69	(69)		0
Change in redemption value of Class A Shares of consolidated SPAC	3,068							3,068			3,068
Consolidated net income (loss), excluding amounts attributable to redeemable noncontrolling interests	1,808								13,814		13,814	(12,006)
Other comprehensive income (loss) - currency translation adjustment	(750)									(750)	(750)	0
Capital contributions	4,997											4,997
Capital distributions	(3,448)											(3,448)
Balance at End of Period (shares) at Mar. 31, 2022		26,052,113	33,676,331
Balance at End of Period (shares) at Mar. 31, 2022				473,719
Balance at Ending of Period, Value at Mar. 31, 2022							(6,249)
Balance at End of Period (values) at Mar. 31, 2022	394,115				261	337		202,305	(239,776)	(699)	(43,821)	437,936
Balance at Beginning of Period (shares) at Dec. 31, 2022		23,707,228	33,569,188
Balance at Beginning of Period (shares) at Dec. 31, 2022				3,022,380
Balance at Beginning of Period (values) at Dec. 31, 2022	386,583				238	336		255,293	(276,149)	(119)	(52,896)	439,479
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity-based compensation, net of taxes (shares)		1,262,929	(550,940)
Balance at Beginning of Period, Value at Dec. 31, 2022							(32,495)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity-based compensation, net of taxes	9,922				12	(6)		8,555			8,561	1,361
Dividend equivalents on Class A restricted share units	0							937	(937)		0
Change in redemption value of Class A Shares of consolidated SPAC	(1,178)							(1,178)			(1,178)
Cash dividends declared on Class A Shares	(4,994)								(4,994)		(4,994)
Consolidated net income (loss), excluding amounts attributable to redeemable noncontrolling interests	3,465								9,670		9,670	(6,205)
Other comprehensive income (loss) - currency translation adjustment	665									665	665	0
Capital contributions	1,280											1,280
Capital distributions	(1,148)											(1,148)
Balance at End of Period (shares) at Mar. 31, 2023		24,970,157	33,018,248
Balance at End of Period (shares) at Mar. 31, 2023				3,022,380
Balance at Ending of Period, Value at Mar. 31, 2023							$ (32,495)
Balance at End of Period (values) at Mar. 31, 2023	$ 394,595				$ 250	$ 330		$ 263,607	$ (272,410)	$ 546	$ (40,172)	$ 434,767
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends Paid per Class A Share (in dollars per share)	$ 0.20

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash Flows from Operating Activities
Consolidated net income	$ 4,964	$ 4,876
Adjustments to reconcile consolidated net income to net cash provided by (used in) operating activities:
Amortization of equity-based compensation	13,916	24,843
Depreciation, amortization and net gains and losses on fixed assets	1,043	1,394
Changes in fair value of warrant liabilities	(174)	(24,336)
Deferred income taxes	11,689	5,522
Non-cash lease expense	4,605	4,803
Net (gains) losses on investments, net of dividends	(3,715)	6,706
Operating cash flows due to changes in:
Income and fees receivable	9,992	128,362
Due from related parties	8,028	7,607
Other assets, net	(2,323)	(17,708)
Compensation payable	(102,583)	(218,098)
Unearned income and fees	(8,365)	16,293
Tax receivable agreement liability	(57)	(16,766)
Operating lease liabilities	(5,173)	(5,508)
Other liabilities	1,700	(5,123)
Consolidated Entities Related Items
Net gains of consolidated entities	(7,877)	(4,140)
Purchases of investments	(4,887)	(32,778)
Proceeds from sale of investments	16,768	8,760
Other assets of consolidated entities	340	(3,687)
Other liabilities of consolidated entities	(1,840)	27,785
Net Cash Used in Operating Activities	(63,949)	(91,193)
Cash Flows from Investing Activities
Purchases of fixed assets	(66)	(418)
Purchases of United States government obligations	0	(13,992)
Maturities and sales of United States government obligations	15,000	219,144
Investments in funds	(7,713)	(42,472)
Return of investments in funds	33,862	15,757
Consolidated Entities Related Items
Net Cash Provided by Investing Activities	41,083	178,019
Cash Flows from Financing Activities
Contributions from noncontrolling interests	1,280	4,997
Distributions to noncontrolling interests	(1,148)	(3,447)
Dividends on Class A Shares	(4,994)	0
Proceeds from debt obligations, net of issuance costs	0	4,852
Repayment of debt obligations, including prepayment costs	(4,760)	(9,424)
Proceeds from securities sold under agreements to repurchase, net of issuance costs	0	20,395
Purchases of treasury stock	0	(6,249)
Other, net	(2,612)	(4,969)
Consolidated Entities Related Items
Proceeds from debt obligations of consolidated entities, net of issuance costs	0	215,733
Net Cash (Used in) Provided by Financing Activities	(12,234)	221,888
Effect of exchange rate changes on cash and cash equivalents and restricted cash	765	(137)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total	(34,335)	308,577
Cash, Cash Equivalents and Restricted Cash Beginning Balance	276,566	412,671
Cash, Cash Equivalents and Restricted Cash Ending Balance	242,231	721,248
Cash paid during the period:
Interest	4,854	2,922
Income taxes	2,054	3,439
Non-cashTransactions
Assets related to initial consolidation of funds	0	16,699
Liabilities related to initial consolidation of funds	0	2,364
Assets related to deconsolidation of funds	0	44,042
Liabilities related to deconsolidation of funds	0	29,632
Reconciliation of cash and cash equivalents and restricted cash
Cash and cash equivalents	211,758	135,951
Restricted cash	7,912	7,188
Cash and cash equivalents	12,655	343,486
Restricted cash and cash equivalents of consolidated entities	9,906	234,623
Total Cash and Cash Equivalents and Restricted Cash	$ 242,231	$ 721,248

Organization

Organization	3 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	ORGANIZATION Sculptor Capital Management, Inc. (the “Registrant”), a Delaware corporation, together with its consolidated subsidiaries (collectively, the “Company” or “Sculptor Capital”), is a leading global alternative asset manager and a specialist in opportunistic investing with offices in New York, London, Hong Kong and Shanghai. The Company provides asset management services and investment products across Credit, Real Estate, and Multi-Strategy. The Company serves its global client base through commingled funds, separate accounts and specialized products, as well as sponsoring a special purpose acquisition company (“SPAC”) (collectively, the “funds”). The Company’s model is driven by a global team that is predominantly home-grown, long tenured and incentivized to put client outcomes first. The Company’s capabilities span all major geographies and asset classes, including corporate credit, structured credit, real estate debt and equity, fundamental equities, merger arbitrage, and convertible and derivative arbitrage. The Company manages dedicated credit funds, including opportunistic credit funds and Institutional Credit Strategies products, real estate funds, multi-strategy funds, and other alternative investment vehicles. Through Institutional Credit Strategies, the Company’s asset management platform that invests in performing credits, the Company manages collateralized loan obligations (“CLOs”), aircraft securitization vehicles, collateralized bond obligations (“CBOs”), structured alternative investment solutions, commingled products and other customized solutions for clients. The Company’s primary sources of revenues are management fees, which are generally based on the amount of the Company’s assets under management (“Assets Under Management” or “AUM”), as defined below, and incentive income, which is based on the investment performance of its funds. Accordingly, for any given period, the Company’s revenues will be driven by the combination of Assets Under Management and the investment performance of the funds. AUM refers to the assets of the funds to which the Company provides investment management and advisory services. The Company’s AUM are a function of the capital that is allocated to it by the investors in its funds and the investment performance of its funds. The Company conducts its business and generates substantially all of its revenues primarily in the United States (the “U.S.”) through one operating and reportable segment. The single reportable segment reflects how the Company’s chief operating decision makers allocate resources, make operating decisions and assess financial performance on a consolidated basis under the Company’s ‘one-firm approach,’ which includes operating collaboratively across business lines, with predominantly a single expense pool. The Company conducts its operations through Sculptor Capital LP, Sculptor Capital Advisors LP and Sculptor Capital Advisors II LP (collectively, the “Sculptor Operating Partnerships” and collectively with their consolidated subsidiaries, the “Sculptor Operating Group”). The Registrant holds its interests in the Sculptor Operating Group indirectly through Sculptor Capital Holding Corporation (“Sculptor Corp”), a wholly owned subsidiary of the Registrant. References to the Company’s “executive managing directors” include the current executive managing directors of the Company, and, except where the context requires otherwise, also include certain former executive managing directors who are no longer active in the Company’s business. Company Structure The Registrant is a holding company that, through Sculptor Corp, holds equity ownership interests in the Sculptor Operating Group. The Registrant had issued and outstanding the following share classes: • Class A Shares —Class A Shares are publicly traded and entitle the holders thereof to one vote per share on matters submitted to a vote of shareholders. The holders of Class A Shares are entitled to any distributions declared on the Class A Shares by the Registrant’s board of directors (the “Board of Directors” or the “Board”) (other than RSAs, where entitlement to distributions may be subject to limitations and conditions). • Class B Shares —Class B Shares are held by executive managing directors, as further discussed below. These shares are not publicly traded but rather entitle the executive managing directors to one vote per share on matters submitted to a vote of shareholders. These shares do not participate in the earnings of the Registrant, as the executive managing directors participate in the related economics of the Sculptor Operating Group through their direct ownership in the Sculptor Operating Group, subject to the Distribution Holiday discussed below. The Company conducts its operations through the Sculptor Operating Group. The following is a list of the outstanding units of the Sculptor Operating Partnerships as of March 31, 2023: • Group A Units —Group A Units are limited partner interests issued to certain executive managing directors. In connection with the Recapitalization, as defined below, the Sculptor Operating Partnerships initiated a distribution holiday (the “Distribution Holiday”). Holders of Group A Units do not receive distributions on such units during the Distribution Holiday. Each executive managing director may exchange his or her vested and booked-up (as defined below) Group A Units for an equal number of Class A Shares (or the cash equivalent thereof) over a period of two years in three equal installments commencing upon the final day of the Distribution Holiday and on each of the first and second anniversary thereof (or, for units that become vested and booked-up Group A Units after the final day of the Distribution Holiday, from the later of the date on which they would have been exchangeable in accordance with the foregoing and the date on which they become vested and booked-up Group A Units) (and thereafter such units will remain exchangeable), in each case, subject to certain restrictions. A “book-up” is achieved when sufficient appreciation has occurred to meet a prescribed capital account book-up target under the terms of the Sculptor Operating Partnership limited partnership agreements. Group A Unit grants are accounted for as equity-based compensation. See Note 13 in the Company's Annual Report for additional information. The Company completed a recapitalization in February 2019 (“Recapitalization”). See Note 3 in the Company’s Annual Report for additional details. In connection with the Recapitalization, each Group A Unit outstanding on the Recapitalization date was recapitalized into 0.65 Group A Units and 0.35 Group A-1 Units. • Group A-1 Units —Group A-1 Units are limited partner interests into which 0.35 of each Group A Unit was recapitalized in connection with the reallocation that was effectuated by the Recapitalization. The Group A-1 Units will be canceled at such time and to the extent that the Group E Units granted in connection with the Recapitalization vest and achieve a book-up. Group A-1 Units are not eligible to receive distributions at any time and do not participate in the net income (loss) of the Sculptor Operating Group. However, the holders of Group A-1 Units shall participate in any sale, change of control or other liquidity event that takes place prior to cancellation of the Group A-1 Units. In the Recapitalization, the holders of the 2016 Preferred Units, as defined below, forfeited an additional 749,813 Group A Units, which were recapitalized into Group A-1 Units. • Group B Units —Sculptor Corp holds a general partner interest and Group B Units in each Sculptor Operating Partnership. Sculptor Corp owns all of the Group B Units, which represent equity interest in the Sculptor Operating Partnerships. Except during the Distribution Holiday as described above, the Group B Units are economically identical to the Group A Units held by executive managing directors but are not exchangeable for Class A Shares and are not subject to vesting, book-up, forfeiture or minimum retained ownership requirements. • Group E Units —Group E Units are limited partner interests issued to certain executive managing directors that are only entitled to future profits and gains upon satisfaction of a certain performance condition. Each Group E Unit converts into a Group A Unit and becomes exchangeable for one Class A Share (or the cash equivalent thereof) to the extent there has been a sufficient amount of appreciation for a Group E Unit to achieve a book-up target and, subject to other conditions contained in the limited partnership agreements of the Sculptor Operating Partnerships, the Distribution Holiday has ended (or an earlier exchange date is established by the Exchange Committee, which consists of the Chief Executive Officer and the Chief Financial Officer of Sculptor Capital Management, Inc.). The Group E Units are entitled to share in residual assets upon liquidation, dissolution or winding up and become eligible to participate in any tag along right , in a change of control transaction or other liquidity event only to the extent of their relative positive capital accounts (if any). Holders of Group E Units do not receive distributions during the Distribution Holiday. See Note 3 in the Company’s Annual Report for additional details. Group E Unit grants are accounted for as equity-based compensation. See Note 13 in the Company’s Annual Report for additional information. • Group P Units —Group P Units are limited partner interests issued to certain executive managing directors that are only entitled to future profits and gains upon satisfaction of certain service and market conditions. Each Group P Unit becomes exchangeable for one Class A Share (or the cash equivalent thereof), in each case upon satisfaction of certain service and market conditions at such time and, with respect to exchanges, to the extent there has been sufficient appreciation for a Group P Unit to achieve a book-up target and, subject to other conditions contained in the limited partnership agreements of the Sculptor Operating Partnerships, the Distribution Holiday has ended (or an earlier exchange date is established by the Exchange Committee). The Group P Units are entitled to share in residual assets upon liquidation, dissolution or winding up and become eligible to participate in any tag along right, in a change of control transaction or other liquidity event only to the extent that certain market conditions are met and to the extent of their relative positive capital accounts (if any). The terms of the Group P Units may be varied for certain executive managing directors. Group P Unit grants are accounted for as equity-based compensation. See Note 13 in the Company’s Annual Report for additional information. Executive managing directors hold a number of Class B Shares equal to the number of Group A Units, vested Group E Units, Group A-1 Units (to the extent the corresponding Class B Shares have not been canceled in connection with the vesting of certain Group E Units issued in connection with the Recapitalization, as further discussed in Note 3 in the Company’s Annual Report), and Group P Units held. Upon the exchange of a Group A Unit or Group P Unit for a Class A Share, the corresponding Class B Share is canceled and a Group B Unit is issued to Sculptor Corp. Class B Shares that relate to Group A-1 Units will be voted pro rata in accordance with the vote of the Class A Shares. The following table presents the number of shares and units of the Company and the Sculptor Operating Partnerships, respectively, that were outstanding as of March 31, 2023: As of March 31, 2023 Sculptor Capital Management, Inc. Class A Shares 24,970,157 Class B Shares 33,018,248 Restricted Class A Shares (“RSAs”) 4,645,054 Restricted Share Units (“RSUs”) 2,779,823 Performance-based RSUs (“PSUs”) 912,500 Warrants to purchase Class A Shares (Note 7) 4,338,015 Sculptor Operating Partnerships Group A Units 15,025,994 Group A-1 Units 9,244,477 Group B Units 24,970,157 Group E Units 13,021,158 Group P Units 4,734,286 The Company grants RSAs, RSUs and PSUs to its employees and executive managing directors as a form of compensation. These grants are accounted for as equity-based compensation. See Note 13 in the Company's Annual Report for additional information. In addition, the Company has 3,022,380 shares of treasury stock as of March 31, 2023. Share Repurchase Program In February 2022, the Company’s Board of Directors authorized the Company to repurchase up to $100.0 million of its outstanding common stock. The Company records its treasury stock repurchases at cost on a trade date basis. As of March 31, 2023, the Company repurchased 3,022,380 Class A Shares at a cost of $32.5 million for an average price of $10.75 per share through open market purchase transactions. No shares were purchased in the three months ended March 31, 2023. As of March 31, 2023, $67.5 million remained available for repurchase of the Company’s common stock under the share repurchase program. All of the repurchased shares are classified as treasury stock in the Company’s consolidated balance sheets. The repurchase program has no expiration date. The Company may purchase shares on a discretionary basis from time to time through open market purchases, privately negotiated transactions or other means including through Rule 10b5-1 trading plans or through the use of other techniques such as accelerated share repurchases. The timing and amount of any transactions will be subject to the discretion of the Company based upon market conditions and other opportunities that the Company may have for the use or investment of its cash balances. The repurchase program does not require the purchase of any minimum number of shares and may be suspended, modified or discontinued at any time without prior notice.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation These unaudited, interim, consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) as set forth in the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”), and exclude some of the disclosures required in audited financial statements and therefore should be read in conjunction with the audited consolidated financial statements included in the Company’s Annual Report. Management believes all adjustments considered necessary for a fair presentation of the Company’s unaudited, interim, consolidated financial statements have been included and are of a normal and recurring nature and that estimates made in preparing unaudited, interim, consolidated financial statements are reasonable and prudent. The consolidated financial statements include the accounts of the Company, its wholly owned or majority owned subsidiaries, the consolidated entities which are considered to be variable interest entities and for which the Company is considered the primary beneficiary, and certain other entities which are not considered variable interest entities but the Company is determined to have control. All significant intercompany transactions and balances have been eliminated in consolidation. The results of operations presented for the interim periods are not necessarily indicative of the results that may be expected for any other interim period or for the entire year. For example, incentive income for the majority of the Company’s multi-strategy AUM is recognized in the fourth quarter each year, based on full year investment performance. Recently Adopted Accounting Pronouncements No changes to GAAP that went into effect in the three months ended March 31, 2023, had a material effect on the Company’s consolidated financial statements. Future Adoption of Accounting Pronouncements No changes to GAAP that are not yet effective are expected to have a material effect on the Company’s consolidated financial statements.

Noncontrolling Interests

Noncontrolling Interests	3 Months Ended
	Mar. 31, 2023
Noncontrolling Interest [Abstract]
Noncontrolling Interests	NONCONTROLLING INTERESTS Noncontrolling interests represent ownership interests in the Company’s subsidiaries held by parties other than the Company, and primarily relate to the Group A Units held by executive managing directors. Prior to the Recapitalization, the attribution of net income (loss) of each Sculptor Operating Partnership was based on the relative ownership percentages of the Group A Units (noncontrolling interests) and the Group B Units (indirectly held by the Registrant). In applying the substantive profit-sharing arrangements in the Sculptor Operating Partnerships’ limited partnership agreements to the Company’s consolidated financial statements, for periods subsequent to the Recapitalization and for the duration of the Distribution Holiday, the Company will allocate net income of each Sculptor Operating Partnership in any fiscal year solely to the Group B Units and any net loss on a pro rata basis based on the relative ownership percentages of the Group A Units and Group B Units. To the extent a Sculptor Operating Partnership incurs a net loss in an interim period, any net income recognized in a subsequent interim period in the same fiscal year is allocated on a pro rata basis to the extent of previously allocated net loss. Conversely, to the extent a Sculptor Operating Partnership recognizes net income in an interim period, any net loss incurred in a subsequent interim period in the same fiscal year is allocated solely to the Group B Units to the extent of previously allocated net income. Noncontrolling interests are presented as a separate component of shareholders’ equity on the Company’s consolidated balance sheets. The primary components of noncontrolling interests are separately presented in the Company’s consolidated statements of changes in shareholders’ equity (deficit) to distinguish the shareholders’ equity (deficit) attributable to Class A shareholders and noncontrolling interest holders. Net income (loss) includes the net income (loss) attributable to the holders of noncontrolling interest on the Company’s consolidated statements of operations. Sculptor Operating Group Ownership The Company’s equity interest in the Sculptor Operating Group decreased to 47.1% as of March 31, 2023, from 48.2% as of March 31, 2022. Changes in the Company’s interest in the Sculptor Operating Group have historically been, and in the future may be, driven by the following: (i) the exchange of Group A Units and Group P Units for Class A Shares, at which time the related Class B Shares are also canceled; (ii) vesting of RSAs; (iii) the issuance of Class A Shares under the Company’s Amended and Restated 2007 Equity Incentive Plan, 2013 Incentive Plan and 2022 Incentive Plan related to the settlement of RSUs or PSUs; (iv) the forfeiture of Group A Units and participating Group P Units by a departing executive managing director; and (v) the repurchase of Class A Shares and Group A Units. The Company’s interest in the Sculptor Operating Group is generally expected to continue to increase over time as additional Class A Shares are issued upon the exchange of Group A Units and Group P Units, as well as the settlement of vested RSUs, PSUs and RSAs. However, additional repurchases of Class A Shares under the Company’s 2022 Share Repurchase Program may lead to a decrease of the Company’s interest in the Sculptor Operating Group. Additionally, the Company’s economic interest in the Sculptor Operating Group will decline when Group P Units begin to participate, as described in Note 13 in the Company's Annual Report. The table below sets forth the calculation of noncontrolling interests related to the Group A Units for each Sculptor Operating Partnership (rounding differences may occur). The blended participation percentages presented below take into account ownership changes throughout the periods presented. Three Months Ended March 31, 2023 2022 (dollars in thousands) Sculptor Capital LP Net income $ 31,087 $ 41,216 Blended participation percentage 0 % 0 % Net Income Attributable to Group A Units $ — $ — Sculptor Capital Advisors LP Net loss $ (4,182) $ (16,820) Blended participation percentage 38 % 37 % Net Loss Attributable to Group A Units $ (1,571) $ (6,153) Sculptor Capital Advisors II LP Net loss $ (14,451) $ (17,796) Blended participation percentage 38 % 37 % Net Loss Attributable to Group A Units $ (5,429) $ (6,510) Total Sculptor Operating Group Net income $ 12,454 $ 6,600 Blended participation percentage -56 % -192 % Net Loss Attributable to Group A Units $ (7,000) $ (12,663) The following table presents the components of the net loss attributable to noncontrolling interests: Three Months Ended March 31, 2023 2022 (dollars in thousands) Group A Units $ (7,000) $ (12,663) Other 795 657 $ (6,205) $ (12,006) The following table presents the components of the shareholders’ equity attributable to noncontrolling interests: March 31, 2023 December 31, 2022 (dollars in thousands) Group A Units $ 407,302 $ 412,941 Other 27,465 26,538 $ 434,767 $ 439,479 Redeemable noncontrolling interests In 2021, the Company consolidated the SPAC it sponsors. The Class A shares issued by the consolidated SPAC are redeemable for cash by the public shareholders in the event the SPAC is unable to complete a business combination or a tender offer provision by a set date. Therefore, the investors’ interests in the SPAC are classified as redeemable noncontrolling interests in the consolidated balance sheets. The following table presents the activity in redeemable noncontrolling interests for the three months ended March 31, 2023 and 2022 : Three Months Ended March 31, 2023 2022 (dollars in thousands) Beginning balance $ 237,864 $ 234,600 Change in redemption value of Class A Shares of consolidated SPAC 1,178 (3,068) Comprehensive income 1,499 3,068 Ending Balance $ 240,541 $ 234,600

Investments and Fair Value Disc

Investments and Fair Value Disclosures	3 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Investments and Fair Value Disclosures	INVESTMENTS AND FAIR VALUE DISCLOSURES The following table presents the components of the Company’s investments as reported in the consolidated balance sheets: March 31, 2023 December 31, 2022 (dollars in thousands) U.S. government obligations, at fair value $ 9,978 $ 24,782 CLOs, at fair value 207,030 207,147 Equity method investments 75,970 67,130 Total Investments $ 292,978 $ 299,059 Investments of Consolidated Entities $ 547,834 $ 544,554 The Company invests in U.S. government obligations to manage excess liquidity. CLOs, at fair value, consist of investments in notes of unconsolidated CLOs. These investments are carried at fair value under the irrevocable fair value option election at initial recognition. Changes in fair value are recorded within net gains (losses) on investments in the consolidated statements of operations. Interest income on these investments is accrued using the effective interest method and separately presented from the overall change in fair value and is recognized in other revenue in the consolidated statement of operations. The Company’s equity method investments include investments in funds, which are not consolidated, but in which the Company exerts significant influence, but not control. The Company has not elected the fair value option and accounts for such investments under the equity method. Under the equity method of accounting, the Company recognizes its share of the underlying earnings (losses) from equity method investments within net gains (losses) on investments in the consolidated statements of operations. The carrying amounts of equity method investments are recorded in investments in the consolidated balance sheets. Refer to Note 15 for details of the related party nature of such investments. Investments of consolidated entities include both investments of the Company’s consolidated SPAC, which consists of investments in U.S. Treasury bills held in a trust account and measured at fair value, as well as investments held by the Company’s consolidated structured alternative investment solution. The investments of the consolidated structured alternative investment solution that the Company manages are generally measured at fair value using the NAV per share practical expedient. The Company may determine based on its own due diligence and investment procedures, that NAV per share does not represent fair value. In such circumstances, the Company will estimate the fair value in good faith and in a manner that it reasonably chooses in accordance with GAAP. The Company does not categorize investments where fair value is measured using the NAV practical expedient within the fair value hierarchy. The following table summarizes the fair value of the investments of the structured alternative investment solution that are measured using the NAV practical expedient by strategy type and ability to redeem such investments as of March 31, 2023: Fund Type (1) Fair Value (as of March 31, 2023) Redemption Frequency (2) Redemption Notice Period (2) (dollars in thousands) Multi-strategy 67,514 Quarterly - Annually 30 days - 90 days Credit 231,028 Monthly - Annually (3) 30 days - 90 days Real estate 8,757 None (4) N/A Total $ 307,299 _______________ (1) The structured alternative investment solution invests in both open-ended and close-ended funds. The investments in each fund may represent investments in a particular tranche of such fund subject to different withdrawal rights. (2) $154.2 million of investments are subject to an initial lock-up period of three years during which time no withdrawals or redemptions are allowed. Once the lock-up period ends, the investments are able to be redeemed with the frequency noted above. (3) 22% of these investments are in closed-end funds which cannot be redeemed, as distributions will be received as the underlying assets are liquidated, which is expected to be approximately six years. (4) 100% of these investments are in closed-end funds which cannot be redeemed, as distributions will be received as the underlying assets are liquidated, which is expected to be approximately seven As of March 31, 2023, the structured alternative investment solution had unfunded commitments of $96.9 million related to the investments presented in the table above. See Note 2 in the Company’s Annual Report for additional information regarding the investments of consolidated entities. Fair Value Disclosures Fair value represents the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date (i.e., an exit price). The Company and the funds it manages hold a variety of investments, certain of which are not publicly traded or that are otherwise illiquid. Significant judgement and estimation go into the assumptions that drive the fair value of these investments. The fair value of these investments may be estimated using a combination of observed transaction prices, prices from third parties (including independent pricing services and relevant broker quotes), models or other valuation methodologies based on pricing inputs that are neither directly nor indirectly market observable. Due to the inherent uncertainty of valuations of investments that are determined to be illiquid or do not have readily ascertainable fair values, the estimates of fair value may differ from the values ultimately realized, and those differences can be material. GAAP establishes a hierarchical disclosure framework that prioritizes and ranks the level of market price observability used in measuring financial instruments at fair value. Market price observability is impacted by a number of factors, including the type and the specific characteristics of the financial instrument, including existence and transparency of transactions between market participants. Financial instruments with readily available actively quoted prices or for which fair value can be measured from actively-quoted prices generally will have a higher degree of market price observability and lesser degree of judgment used in measuring fair value. Financial instruments measured at fair value are classified and disclosed into one of the following categories based on the observability of inputs used in the determination of fair values: • Level I – Quoted prices that are available in active markets for identical financial instruments as of the reporting date. The types of financial instruments that would generally be included in this category are listed equities, U.S. government obligations and listed derivatives. The Company does not adjust the quoted price for these investments. • Level II – Quotations received from dealers making a market for financial instruments (“broker quotes”), valuations obtained from independent third-party pricing services, the use of models or other valuation methodologies based on pricing inputs that are either directly or indirectly observable as of the reporting date. The types of financial instruments that would generally be included in this category are certain corporate bonds and loans, certain credit default swap contracts, certain bank debt securities, certain commercial real estate debt, less liquid equity securities, forward contracts and certain over the-counter (“OTC”) derivatives where the fair value is based on observable inputs. These financial instruments exhibit higher levels of liquid market observability as compared to Level III financial instruments. • Level III – Pricing inputs that are unobservable for the financial instruments and includes situations where there is little, if any, market activity for the financial instrument. The inputs into the determination of fair value of financial instruments in this category may require significant management judgment or estimation. The fair value of these financial instruments may be estimated using a combination of observed transaction prices, independent pricing services, relevant broker quotes, models or other valuation methodologies based on pricing inputs that are neither directly or indirectly market observable (e.g., cash flows, implied yields, EBITDA multiples). The types of financial instruments that would generally be included in this category include CLOs, certain warrant liabilities, certain credit default swap contracts, certain bank debt securities, certain OTC derivatives, asset-backed securities, collateralized debt obligations and investments in affiliated credit funds. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, a financial instrument’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the financial instrument when the fair value is based on unobservable inputs. For financial instruments for which the Company uses independent pricing services for valuation, the Company performs analytical procedures and compares independent pricing service valuations to other vendors’ pricing as applicable. The Company also performs due diligence reviews on independent pricing services on an annual basis and performs other due diligence procedures as may be deemed necessary. Fair Value Measurements Categorized within the Fair Value Hierarchy The following tables summarize the Company’s financial assets and liabilities measured at fair value on a recurring basis within the fair value hierarchy for the periods presented: As of March 31, 2023 Level I Level II Level III NAV Total (dollars in thousands) Assets, at Fair Value Included within cash and cash equivalents: U.S. government obligations $ 86,791 $ — $ — $ — $ 86,791 Included within investments: U.S. government obligations $ 9,978 $ — $ — $ — $ 9,978 CLOs (1) $ — $ — $ 207,030 $ — $ 207,030 Included within investments of consolidated entities: U.S. government obligations $ 240,535 $ — $ — $ — $ 240,535 Investments in funds — — — 307,299 307,299 Investments of Consolidated Entities $ 240,535 $ — $ — $ 307,299 $ 547,834 Liabilities, at Fair Value Warrants $ — $ — $ 23,989 $ — $ 23,989 Liabilities of consolidated entities: Warrants $ 1,082 $ — $ — $ — $ 1,082 Notes payable $ — $ — $ 197,813 $ — $ 197,813 _______________ (1) As of March 31, 2023, investments in CLOs had contractual principal amounts of $209.8 million outstanding, which excludes the Company’s investments in subordinated tranches of the notes, as these do not have contractual principal payments. As of December 31, 2022 Level I Level II Level III NAV Total (dollars in thousands) Assets, at Fair Value Included within cash and cash equivalents: U.S. government obligations $ 19,937 $ — $ — $ — $ 19,937 Included within investments: U.S. government obligations $ 24,782 $ — $ — $ — $ 24,782 CLOs (1) $ — $ — $ 207,147 $ — $ 207,147 Included within investments of consolidated entities: U.S. government obligations $ 237,964 $ — $ — $ — $ 237,964 Investments in funds — — — 306,590 306,590 Investments of Consolidated Entities $ 237,964 $ — $ — $ 306,590 $ 544,554 Liabilities, at Fair Value Warrants $ — $ — $ 24,163 $ — $ 24,163 Liabilities of consolidated entities: Warrants $ 596 $ — $ — $ — $ 596 Notes Payable $ — $ — $ 196,106 $ — $ 196,106 _______________ (1) As of December 31, 2022, investments in CLOs had contractual principal amounts of $212.0 million outstanding, which excludes the Company’s investments in subordinated tranches of the notes, as these do not have contractual principal payments. Reconciliation of Fair Value Measurements Categorized within Level III Gains and losses on investments categorized within Level III, excluding those related to investments of consolidated entities and foreign currency translation adjustments, are recorded within net gains (losses) on investments in the consolidated statements of operations. Gains and losses related to foreign currency translation adjustments are recorded in the statements of comprehensive income (loss), and gains and losses related to investment of consolidated entities are recorded within net gains of consolidated entities. Amortization of premium, accretion of discount and foreign exchange gains and losses on non-U.S. dollar investments are also included within gains and losses in the tables below. Changes in fair value of warrant liabilities are included in other income in the consolidated statements of operations. In the first quarter of 2022, the warrants of the consolidated SPAC began to trade publicly, and as such, were transferred from Level III to Level I. Changes in fair value of warrant liabilities and notes payable of the consolidated entities are included in net gains of consolidated entities in the consolidated statements of operations. The Company elected to measure its investments in CLOs, U.S. government obligations and notes payable of the consolidated fund at fair value through consolidated net (loss) income in order to simplify its accounting for these instruments. The following tables summarize the changes in the Company’s Level III financial assets and liabilities for the periods presented: December 31, 2022 Transfers In Transfers Out Purchases / Issuances Investment Sales / Settlements Gains / (Losses) Included in Earnings Gains / (Losses) Included in Other Comprehensive Income March 31, 2023 (dollars in thousands) Assets, at Fair Value Included within investments: CLOs $ 207,147 $ — $ — $ — $ (5,361) $ 2,809 $ 2,435 $ 207,030 Liabilities, at Fair Value Warrants $ 24,163 $ — $ — $ — $ — $ 174 $ — $ 23,989 Liabilities of consolidated entities: Notes payable $ 196,106 $ — $ — $ — $ — $ (1,707) $ — $ 197,813 December 31, 2021 Transfers In Transfers Out Purchases / Issuances Investment Sales / Settlements Gains / (Losses) Included in Earnings Gains / (Losses) Included in Other Comprehensive Income March 31, 2022 (dollars in thousands) Assets, at Fair Value Included within investments: CLOs $ 219,510 $ — $ — $ 28,807 $ (12,347) $ (4,519) $ (4,899) $ 226,552 Investments of consolidated entities: Bank Debt $ — $ 3,603 (1) $ (14,666) (1) $ 14,633 $ (3,475) $ (95) $ — $ — Liabilities, at Fair Value Warrants $ 65,287 $ — $ — $ — $ — $ 24,336 $ — $ 40,951 Liabilities of consolidated entities: Warrants $ 7,590 $ — $ (3,450) (2) $ — $ — $ 4,140 $ — $ — Notes payable $ — $ — $ — $ 215,733 $ — $ — $ — $ 215,733 _______________ (1) Transfers into and out of Level III in bank debt include $2.3 million related to the consolidation (Transfers In) and $14.0 million related to the subsequent deconsolidation (Transfers Out) of a fund that the Company manages. (2) Transfers out of Level III into Level I related to warrants of consolidated entities that became publicly traded with available quoted prices during the first quarter of 2022. The table below summarizes the net change in unrealized gains and (losses) on the Company’s Level III financial instruments outstanding as of the reporting date: Three Months Ended March 31, 2023 2022 (dollars in thousands) Assets, at Fair Value Included within investments: CLOs $ 5,244 $ (9,418) Liabilities, at Fair Value Warrants $ 174 $ 24,336 Liabilities of consolidated entities: Notes payable $ (1,707) $ — Level III Valuation Techniques Financial instruments classified within Level III of the fair value hierarchy are generally comprised of CLOs, warrant liabilities and notes payable of consolidated entities. Investments in CLOs are valued using independent pricing services. The Company performs procedures over the values provided by the pricing services, as discussed above. Warrant liabilities of the Company are valued by independent pricing services using a Black-Scholes option pricing model, for which the Company’s Class A share price, warrant exercise price, risk free rate, volatility and term to expiry are the primary inputs to the valuation. The significant unobservable quantitative input used for the fair value measurement of the warrant liabilities of the Company, which are categorized as Level III under the fair value hierarchy, was volatility. The volatility used in the fair value measurement was 57.55% as of March 31, 2023. Notes payable of consolidated entities are valued using independent pricing services. The Company measures the financial liabilities of its consolidated entity based on the fair value of the financial assets of the consolidated entity, as the Company believes the fair value of the financial assets is more observable. Refer to Note 2 in the Company’s Annual Report for additional valuation considerations of the notes payable of consolidated entities. Financial Instruments Not Measured at Fair Value As of March 31, 2023, the Company’s debt obligations had a fair value of $98.3 million and a carrying value of $119.9 million; and the repurchase agreements had a fair value $157.7 million of and a carrying value of $168.9 million. The fair value measurements for the Company’s debt obligations and repurchase agreements are categorized as Level III within the fair value hierarchy. The fair value measurements for the Company’s CLO Investments Loans (as defined in Note 7) and repurchase agreements were determined using independent pricing services. The fair value measurement for the Company’s 2020 Term Loan (as defined in Note 7) was determined using a discounted cash flow model. Management estimates that the carrying value of the Company’s other financial instruments approximated their fair values as of March 31, 2023. Loans Sold to CLOs Managed by the Company From time to time the Company may sell loans to CLOs managed by the Company. These loans are purchased by the Company in the open market and simultaneously sold for cash to the CLOs. The loans are accounted for as transfers of financial assets as they meet the criteria for derecognition under U.S. GAAP. No loans were sold in each of the three months ended March 31, 2023 and 2022. The Company invests in senior secured and subordinated notes issued by certain CLOs to which it sold loans in the past. These investments represent retained interests to the Company and are in the form of a 5% vertical strip (i.e., 5% of each of the senior and subordinated tranches of notes issued by each CLO). The retained interests are reported within investments on the Company’s consolidated balance sheet. As of March 31, 2023 and December 31, 2022, the Company’s investments in these retained interests had a fair value of $77.3 million and $78.6 million, respectively. The Company is subject to risks associated with the performance of the underlying collateral and the market yield of the assets. The Company’s risk of loss from retained interest is limited to its investments in these interests. The Company receives quarterly payments of interest and principal, as applicable, on these retained interests. For the three months ended March 31, 2023 and 2022, the Company received $3.7 million and $675 thousand, respectively, of interest and principal payments related to the retained interests. The Company may from time to time refinance its investment in CLOs. If a refinanced CLO investment is considered substantially different from the original CLO investment, the refinancing is accounted for as a sale and a new refinanced CLO investment is recognized at fair value that is used to determine the amount of gain or loss on derecognition that is presented within net gains (losses) on investments in the consolidated statements of operations. If the refinancing is not considered substantially different from the original CLO investment, a new effective interest rate that equates the revised cash flows to the carrying amount of the original CLO investment is calculated and applied prospectively. The Company uses independent pricing services to value its investments in the CLOs, including the retained interests, and therefore the only key assumption is the price provided by such service. A corresponding adverse change of 10% or 20% on price would have a corresponding impact on the fair value of the Company’s investments in CLOs.

Variable Interest Entites

Variable Interest Entites	3 Months Ended
	Mar. 31, 2023
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Determination Methodology and Factors [Abstract]
Variable Interest Entities	VARIABLE INTEREST ENTITIES In the ordinary course of business, the Company sponsors the formation of entities that are considered VIEs. In accordance with GAAP consolidation guidance, the Company consolidates certain VIEs for which it is the primary beneficiary either directly or indirectly through a consolidated entity. See Note 2 in the Company’s Annual Report for a discussion of entities that are VIEs and the evaluation of those entities for consolidation by the Company. The table below presents the assets and liabilities of VIEs consolidated by the Company. March 31, 2023 December 31, 2022 (dollars in thousands) Assets Assets of consolidated entities: Cash and cash equivalents of consolidated entities $ 12,655 $ 3 Restricted cash and cash equivalents of consolidated entities 9,800 9,805 Investments of consolidated entities, at fair value 307,299 306,590 Other assets of consolidated entities 1,744 2,016 Total Assets $ 331,498 $ 318,414 Liabilities Liabilities of consolidated entities: Notes payable of consolidated entities $ 197,813 $ 196,106 Other liabilities of consolidated entities 4,816 1,601 Total Liabilities $ 202,629 $ 197,707 The assets of consolidated variable interest entities may only be used to settle obligations of these entities and are not available to creditors of the Company. The investors in these consolidated entities have no recourse against the assets of the Company. There is no recourse to the Company for the consolidated VIEs’ liabilities. The Company’s involvement with VIEs that are not consolidated is generally limited to providing asset management services and, in certain cases, insignificant investments in the VIEs. The maximum exposure to loss represents the potential loss of current investments or income and fees receivables from these entities, as well as the obligation to repay unearned revenues, primarily incentive income subject to clawback, in the event of any future fund losses, as well as unfunded commitments to certain funds that are VIEs, as discussed in Note 16. The Company does not provide, nor is it required to provide, any type of non-contractual financial or other support to its VIEs that are not consolidated other than its own capital commitments. The table below presents the net assets of unconsolidated VIEs in which the Company has variable interests along with the maximum exposure to loss as a result of the Company’s involvement with non-consolidated VIEs: March 31, 2023 December 31, 2022 (dollars in thousands) Net assets of unconsolidated VIEs in which the Company has a variable interest $ 12,215,434 $ 12,738,164 Maximum risk of loss as a result of the Company’s involvement with unconsolidated VIEs: Unearned income and fees 45,504 53,869 Income and fees receivable 34,711 41,890 Investments 246,366 245,583 Investments of consolidated entities 239,785 237,699 Unfunded commitments (1) 200,529 182,797 Maximum Exposure to Loss $ 766,895 $ 761,838 _______________ (1) Includes commitments from certain employees and executive managing directors in the amounts of $79.1 million and $65.4 million as of March 31, 2023 and December 31, 2022, respectively.

Leases

Leases	3 Months Ended
	Mar. 31, 2023
Leases [Abstract]
Leases	LEASESThe Company has non-cancelable operating leases for its headquarters in New York and its offices in London, Hong Kong, Shanghai, and various other locations and data centers. The Company does not have renewal options for any of its current leases. The Company also subleases a portion of its office space in London and New York through the end of the lease term. In addition, the Company has finance leases for computer hardware. As of March 31, 2023, the Company has pledged collateral related to its lease obligations of $6.2 million, which is included within restricted cash in the consolidated balance sheets. The tables below represent components of lease expense and associated cash flows: Three Months Ended March 31, 2023 2022 (dollars in thousands) Lease Cost Operating lease cost $ 4,605 $ 4,708 Short-term lease cost 22 10 Finance lease cost - amortization of leased assets 99 92 Finance lease cost - imputed interest on lease liabilities 15 3 Less: Sublease income (797) (830) Net Lease Cost $ 3,944 $ 3,983 Three Months Ended March 31, 2023 2022 (dollars in thousands) Supplemental Lease Cash Flow Information Cash paid for amounts included in the measurement of lease liabilities Operating cash flows for operating leases $ 5,215 $ 5,326 Operating cash flows for finance leases $ 5 $ — Finance cash flows for finance leases $ 223 $ 163 Right-of-use assets obtained in exchange for lease obligations Operating leases $ — $ 1,079 March 31, 2023 December 31, 2022 Lease Term and Discount Rate Weighted average remaining lease term Operating leases 6.5 years 6.7 years Finance leases 4.3 years 4.5 years Weighted average discount rate Operating leases 7.8 % 7.8 % Finance leases 7.9 % 7.9 % Operating Finance (dollars in thousands) Maturity of Lease Liabilities - Contractual Payments to be Paid April 1, 2023 to December 31, 2023 $ 14,968 $ — 2024 16,527 228 2025 14,328 228 2026 15,353 228 2027 17,675 228 Thereafter 35,015 — Total Lease Payments 113,866 912 Imputed interest (25,265) (146) Total Lease Liabilities - Contractual Payments to be Paid $ 88,601 $ 766 Operating Leases (dollars in thousands) Sublease Rent - Contractual Payments to be Received April 1, 2023 to December 31, 2023 $ 2,223 2024 1,920 2025 1,920 2026 1,920 2027 1,960 Thereafter 4,160 Total Sublease Rent - Contractual Payments to be Received $ 14,103

Debt Obligations and Warrants

Debt Obligations and Warrants	3 Months Ended
	Mar. 31, 2023
Debt Instruments [Abstract]
Debt Obligations	DEBT OBLIGATIONS AND WARRANTS 2020 Term Loan CLO Investments Loans Total (dollars in thousands) Maturity of Debt Obligations April 1, 2023 to December 31, 2023 $ — $ — $ — 2024 — — — 2025 — — — 2026 — — — 2027 95,000 — 95,000 2028 — — — Thereafter — 36,186 36,186 Total Payments 95,000 36,186 131,186 Unamortized discounts & deferred financing costs (11,126) (191) (11,317) Total Debt Obligations $ 83,874 $ 35,995 $ 119,869 2020 Credit Agreement On September 25, 2020, Sculptor Capital LP, as borrower, (the “Borrower”), and certain other subsidiaries of the Company, as guarantors, entered into a credit and guaranty agreement, as amended on December 20, 2022, (the “2020 Credit Agreement”), consisting of (i) a senior secured term loan facility in an initial aggregate principal amount of $320.0 million (the “2020 Term Loan”) and (ii) a senior secured revolving credit facility in an initial aggregate principal amount of $25.0 million (the “2020 Revolving Credit Facility”). The proceeds from the 2020 Term Loan were first allocated to the full fair value of the warrants issued in connection with the 2020 Credit Agreement (which establishes both a liability and a debt discount, as described below), and the residual proceeds, net of deferred offering costs and discounts, of $275.8 million was then recognized as the initial carrying value of the 2020 Term Loan. Certain prepayments of the 2020 Term Loan are subject to a prepayment premium (the “Call Premium”) equal to (a) prior to the second anniversary of the Closing Date, a customary “make-whole” premium equal to the present value of all required interest payments that would be due from the date of prepayment through and including the second anniversary of the Closing Date plus a premium of 3.0% of the principal amount of loans prepaid, (b) on or after the second anniversary of the Closing Date but prior to the third anniversary of the Closing Date, a premium of 3.0% of the principal amount of loans prepaid, (c) on or after the third anniversary of the Closing Date but prior to the fourth anniversary of the Closing Date, a premium of 2.0% of the principal amount of loans prepaid and (d) thereafter, 0%. On June 21, 2021, the Company entered into a letter agreement amending the 2020 Credit Agreement to increase the amount of voluntary prepayments for which the Call Premium shall not apply from $175.0 million to $225.0 million in exchange for an amendment fee of $1.75 million. As such, no Call Premium was due on the first $225.0 million prepaid by the Company. The amendment fee was recorded as an additional discount to the 2020 Term Loan in the second quarter of 2021. In 2021, the Company prepaid $224.4 million of the 2020 Term Loan, resulting in an outstanding balance of $95.0 million, which is due at maturity. The Company recognized a $30.2 million loss on this retirement of debt. As a result of the $175.0 million of aggregate prepayments made through March 31, 2021, the Company is no longer subject to the cash sweep or financial maintenance covenants, other than the covenant requiring $20.0 billion minimum fee-paying Assets Under Management described below. The 2020 Term Loan and the 2020 Revolving Credit Facility mature on the seventh and sixth anniversary, respectively, of the initial funding of the 2020 Term Loan, which occurred on November 13, 2020 (the “Closing Date”). Borrowings under the 2020 Credit Agreement bear interest at a per annum rate equal to, at the Company’s option, the one, three or six-month Secured Overnight Financing Rate (“SOFR”) (subject to a 0.75% floor), plus 6.25%. With respect to interest calculated using one-month SOFR, additional rate equal to 0.05% is applied and with respect to interest calculated using three-month or six-month SOFR, additional rate equal to 0.10% is applied. The Borrower is also required to pay an undrawn commitment fee at a rate per annum equal to 0.50% of the undrawn portion of the 2020 Revolving Credit Facility. The 2020 Credit Agreement prohibits the total fee-paying Assets Under Management, subject to certain exclusions, of the Borrower, the guarantors and their consolidated subsidiaries as of the last day of any fiscal quarter to be less than $20.0 billion. The 2020 Credit Agreement contains customary events of default for a transaction of this type, after which obligations under the 2020 Credit Agreement may be declared immediately due and payable and sets forth certain types of bankruptcy or insolvency events of default involving the Borrower, the guarantors or any of the material subsidiaries of the foregoing after which the obligations under the 2020 Credit Agreement become automatically due and payable. The 2020 Credit Agreement also provided the counterparty the right to appoint an individual to a seat on the Company’s Board of Directors. Warrants In connection with the 2020 Credit Agreement, the Company has issued and outstanding warrants to purchase 4,338,015 Class A Shares. The warrants have a 10-year term from the Closing Date and an initial exercise price per share equal to $11.93. The exercise price is subject to reduction by an amount equal to any dividends paid on Class A Shares. As a result, the exercise price was $8.01 per share as of March 31, 2023. The warrants provide for customary adjustments in the event of a stock split, stock dividend, recapitalization or similar event. In lieu of making a cash payment otherwise contemplated upon exercise, the holder may exercise the warrants in whole or in part to receive a net number of Class A Shares. In addition, the 2020 Credit Agreement provides that, upon exercise in whole or in part by the holder, the Company may decide in its sole discretion whether the holder’s exercise of such warrant will be settled by delivery of Class A Shares (which shares may be reduced to a net number of Class A Shares in accordance with the procedure described in the preceding sentence) or by the Company’s payment to the holder of an amount in cash equal to the Black-Scholes value as provided for in the applicable warrant agreement. If the Company undergoes a change of control prior to the expiration date, the holder will have the right to require the Company to repurchase any remaining portion of the warrants not yet exercised at their Black-Scholes value as provided for in the applicable agreement. Warrants of the Consolidated SPAC At the time of IPO in December 2021, Sculptor Acquisition Corporation I (“SAC I”) issued 11.2 million warrants to the Company and 11.5 million warrants to third parties. The warrants have a 5-year term from the day of the SAC I IPO and an initial exercise price per share equal to $11.50. The warrants are subject to other customary terms common for instruments of this type. The Company eliminates the SPAC warrants it holds in consolidation. As of March 31, 2023, the warrants of the consolidated SPAC had a fair value of $1.1 million. Notes Payable of a Consolidated Entity In the first quarter of 2022, the Company launched a structured alternative investment solution that it consolidated, which issued notes in the aggregate principal amount of $350.0 million, of which approximately $128.0 million were acquired by the Company and eliminated in consolidation. The notes held by the Company consisted of $20.0 million of Class A, $20.0 million of Class C and $87.8 million of subordinated notes. Changes in the fair value of the notes payable of the structured alternative investment solution are presented within net gains of consolidated entities in the consolidated statements of operations. The fair value of the notes payable as of March 31, 2023, was $197.8 million. The notes payable mature in May 2037. The table below summarizes material terms of the notes payable: Class A Notes Class B Notes Class C Notes Subordinated Notes (1) (dollars in thousands) Type Senior Secured Senior Secured Mezzanine Secured Unsecured Initial principal amount $ 140,000 $ 70,000 $ 35,000 $ 105,000 Initial interest rate 4.25 % 6.00 % 6.75 % N/A Interest rate after step up and effective date (2) 6.25%; May 2028 8.00%; May 2029 9.50%; May 2025 N/A _______________ (1) Subordinated notes do not have stated interest rates or principal entitlement but instead receive net proceeds from excess cash flows remaining after periodic payments have been made to more senior notes and after fees and expenses in accordance with the priority of payments. (2) Interest rate after a one time step up in basis at the indicated effective date. See Note 2 in the Company’s Annual Report for accounting policies for the notes payables of the consolidated entities. Credit Facility of a Consolidated Entity In the first quarter of 2022, the structured alternative investment vehicle entered into a $52.5 million credit facility which expires March 18, 2025. The credit facility is capped at $20.0 million of the total borrowing capacity per quarter. The facility is subject to a SOFR reference rate, as defined in the agreement, plus 3.00%. The facility is also subject to an annual 1.15% unused commitment fee. As of March 31, 2023, the fund has not drawn on the facility. The credit facility agreement is subject to other customary terms common for instruments of this type. The creditors of the Company’s consolidated entities have no recourse to the Company. CLO Investments Loans The Company entered into loans to finance portions of investments in certain CLOs (collectively, the “CLO Investments Loans”). In general, the Company will make interest payments on the loans at such time interest payments are received on its investments in the CLOs, and will make principal payments on the loans to the extent principal payments are received on its investments in the CLOs, with any remaining balance due upon maturity. The loans are subject to customary events of default and covenants and also include terms that require the Company’s continued involvement with the CLOs. In addition to customary events of default included in financing arrangements of this type, an event of default would also be triggered if there is an event of default at the CLO level. Prior to the relevant CLO’s maturity date, this would include certain material covenant breaches, regulatory and insolvency events for the relevant CLO issuer, as well as a payment default, where the relevant CLO is unable to make interest payments on the senior, non-deferrable interest notes issued by the CLO. The CLO Investments Loans do not have any financial maintenance covenants and are secured by the related investments in CLOs with fair values of $37.8 million and $40.0 million as of March 31, 2023 and December 31, 2022, respectively. Carrying amounts presented in the table below are net of discounts, if any, and unamortized deferred financing costs. The interest rates on the CLO Investments Loans are variable based on LIBOR or EURIBOR (subject to a floor of zero percent). The final maturity date for each CLO Investments Loan is the earlier of the contractual maturity date presented in the table below or the date at which the Company no longer holds a risk retention investment in the respective CLO. The timing of principal payments on CLO Investments Loans is contingent on principal payments made to the Company on the investments in CLOs and the CLO Investments Loans may amortize well in advance of their contractual maturity dates. Initial Borrowing Date Contractual Rate Contractual Maturity Date Carrying Value March 31, 2023 December 31, 2022 (dollars in thousands) June 7, 2017 LIBOR plus 1.48% November 16, 2029 $ 15,610 $ 16,835 August 2, 2017 LIBOR plus 1.41% January 21, 2030 20,385 21,594 January 19, 2022 EURIBOR plus 1.50% December 15, 2023 — 2,285 $ 35,995 $ 40,714

Securities Sold under Agreement

Securities Sold under Agreements to Repurchase	3 Months Ended
	Mar. 31, 2023
Transfers and Servicing of Financial Assets [Abstract]
Securities sold under agreements to repurchase	SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE The Company has a €200.0 million master credit facility agreement (the “CLO Financing Facility”) to finance portions of the risk retention investments in certain CLOs managed by the Company. Subject to the terms and conditions of the CLO Financing Facility, the Company and the counterparty may enter into repurchase agreements on such terms agreed upon by the parties. Each transaction entered into under the CLO Financing Facility will bear interest at a rate based on the weighted average effective interest rate of each class of securities that have been sold plus a spread to be agreed upon by the parties. As of March 31, 2023, €43.2 million of the CLO Financing Facility remained available. Each transaction entered into under the CLO Financing Facility provides for payment netting and, in the case of a default or similar event with respect to the counterparty to the CLO Financing Facility, provides for netting across transactions. Generally, upon a counterparty default, the Company can terminate all transactions under the CLO Financing Facility and offset amounts it owes in respect of any one transaction against collateral it has received in respect of any other transactions under the CLO Financing Facility; provided, however, that in the case of certain defaults, the Company may only be able to terminate and offset solely with respect to the transaction affected by the default. During the term of a transaction entered into under the CLO Financing Facility, the Company will deliver cash or additional securities acceptable to the counterparty if the securities sold are in default. In addition to customary events of default included in financing arrangements of this type, an event of default would also be triggered if there is an event of default at the CLO level. Prior to the relevant CLO’s maturity date, this would include certain material covenant breaches, regulatory and insolvency events for the relevant CLO issuer, as well as a payment default where the relevant CLO is unable to make interest payments on the senior, non-deferrable interest notes issued by the CLO. Upon termination of a transaction, the Company will repurchase the previously sold securities from the counterparty at a previously determined repurchase price. The CLO Financing Facility may be terminated at any time upon certain defaults or circumstances agreed upon by the parties. The repurchase agreements may result in credit exposure in the event the counterparty to the transaction is unable to fulfill its contractual obligations. The Company minimizes the credit risk associated with these activities by monitoring counterparty credit exposure and collateral values. Other than margin requirements, the Company is not subject to additional terms or contingencies which would expose the Company to additional obligations based upon the performance of the securities pledged as collateral. The table below presents securities sold under agreements to repurchase that are offset, if any, as well as securities transferred to the counterparty related to such transactions (capped so that the net amount presented will not be reduced below zero). No other material financial instruments were subject to master netting agreements or other similar agreements: Securities Sold under Agreements to Repurchase Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Consolidated Balance Sheet Net Amounts of Liabilities in the Consolidated Balance Sheet Securities Transferred Net Amount (dollars in thousands) As of March 31, 2023 $ 168,931 $ — $ 168,931 $ 161,424 $ 7,507 As of December 31, 2022 $ 166,632 $ — $ 166,632 $ 157,107 $ 9,525 The securities sold under agreements to repurchase have a set scheduled maturity date that corresponds to the maturities of the securities sold under such transaction. The table below presents the remaining final contractual maturity of the securities sold to the counterparty under agreement to repurchase by class of collateral pledged: Investments in CLOs Securities Sold under Agreements to Repurchase Overnight and Continuous Up to 30 Days 30-90 Days Greater Than 90 Days Total (dollars in thousands) As of March 31, 2023 $ — $ — $ — $ 168,931 $ 168,931 As of December 31, 2022 $ — $ — $ — $ 166,632 $ 166,632

Other Assets, Net

Other Assets, Net	3 Months Ended
	Mar. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Other Assets, Net	OTHER ASSETS, NET The following table presents the components of other assets, net as reported in the consolidated balance sheets: March 31, 2023 December 31, 2022 (dollars in thousands) Fixed Assets: Leasehold improvements $ 47,736 $ 47,736 Computer hardware and software 44,653 44,603 Furniture, fixtures and equipment 8,013 8,013 Accumulated depreciation and amortization (80,433) (79,390) Fixed assets, net 19,969 20,962 Goodwill 22,691 22,691 Prepaid expenses 14,668 16,698 Cloud computing costs 11,176 9,940 Redemption receivable (1) 672 28,721 Other 10,072 7,430 Total Other Assets, Net $ 79,248 $ 106,442 _______________ (1) Represents amounts receivable on a redeemed investment in a fund.

Other Liabilities

Other Liabilities	3 Months Ended
	Mar. 31, 2023
Other Liabilities Disclosure [Abstract]
Other Liabilities	OTHER LIABILITIES The following table presents the components of other liabilities as reported in the consolidated balance sheets: March 31, 2023 December 31, 2022 (dollars in thousands) Accrued expenses $ 23,185 $ 20,925 Uncertain tax positions 8,250 8,250 Due to funds (1) 3,488 3,854 Other 9,931 10,020 Total Other Liabilities $ 44,854 $ 43,049 _______________ (1) To the extent that a fee-paying fund is an investor in another fee-paying fund, the Company rebates a corresponding portion of the management fees charged in the investee fund. Due to funds amounts also reflect certain incentive income and management fee waivers.

Revenues

Revenues	3 Months Ended
	Mar. 31, 2023
Revenue from Contract with Customer [Abstract]
Revenues	REVENUES The following table presents management fees and incentive income recognized as revenues for the three months ended March 31, 2023 and 2022: Three Months Ended March 31, 2023 2022 Management Fees Incentive Income Management Fees Incentive Income (dollars in thousands) Multi-strategy funds $ 30,882 $ 316 $ 39,980 $ 955 Credit Opportunistic credit funds 12,536 10,819 12,824 19,803 Institutional Credit Strategies 11,467 — 11,583 — Real estate funds 8,823 29,151 9,050 884 Total $ 63,708 $ 40,286 $ 73,437 $ 21,642 The following table presents the composition of the Company’s income and fees receivable as of March 31, 2023 and December 31, 2022: March 31, 2023 December 31, 2022 (dollars in thousands) Management fees $ 24,591 $ 25,402 Incentive income 21,848 30,958 Income and Fees Receivable $ 46,439 $ 56,360 The Company recognizes management fees over the period in which the performance obligation is satisfied, and are generally recognized at the end of each reporting period. The Company records incentive income when it is probable that a significant reversal of income will not occur. The majority of management fees and incentive income receivable at each balance sheet date is generally collected during the following quarter. The following table presents the Company’s unearned income and fees as of March 31, 2023 and December 31, 2022: March 31, 2023 December 31, 2022 (dollars in thousands) Management fees $ 2 $ 2 Incentive income 45,502 53,867 Unearned Income and Fees $ 45,504 $ 53,869 A liability for unearned incentive income is generally recognized when the Company receives incentive income distributions from its funds, primarily its real estate funds, whereby the distributions received have not yet met the recognition threshold of being probable that a significant reversal of cumulative revenue will not occur. A liability for unearned management fees is generally recognized when management fees are paid to the Company on a quarterly basis in advance, based on the amount of Assets Under Management at the beginning of the quarter. In the three months ended March 31, 2023 and 2022 the Company recognized $25.8 million and $3.9 million, respectively, of the beginning balance of unearned incentive income for each respective year. The Company recognized all of the beginning balances of unearned management fees during the respective quarter.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	INCOME TAXES The computation of the effective tax rate and provision at each interim period requires the use of certain estimates and significant judgment including, but not limited to, the expected operating income for the year, projections of the proportion of income earned and taxed in foreign jurisdictions, permanent differences, and the likelihood of recovering deferred tax assets existing as of the balance sheet date. The estimates used to compute the provision for income taxes may change as new events occur, additional information is obtained or as tax laws and regulations change. Accordingly, the effective tax rate for interim periods is not indicative of the tax rate expected for a full year. The following is a reconciliation of the statutory U.S. federal income tax rate to the Company’s effective income tax rate: Three Months Ended March 31, 2023 2022 Statutory U.S. federal income tax rate 21.00 % 21.00 % Loss passed through to noncontrolling interests 3.70 % 15.83 % Foreign income taxes 10.05 % 4.37 % RSU excess income tax benefit or expense 9.17 % -11.53 % State and local income taxes 17.51 % 33.50 % Nondeductible amortization of Partner Equity Units 3.94 % 19.81 % Foreign tax credits and deductions -2.11 % -0.92 % Change in fair value of warrants -0.61 % -36.60 % Disallowed executive compensation 8.09 % 13.41 % Other, net 1.23 % -0.04 % Effective Income Tax Rate 71.97 % 58.83 % The Company recognizes tax benefits for amounts that are “more likely than not” to be sustained upon examination by tax authorities. For uncertain tax positions in which the benefit to be realized does not meet the “more likely than not” threshold, the Company establishes a liability, which is included within other liabilities in the consolidated balance sheets. As of March 31, 2023 and December 31, 2022, the Company had a liability for unrecognized tax benefits of $8.3 million. As of and for the three months ended March 31, 2023, the Company did not accrue interest or penalties related to uncertain tax positions. As of March 31, 2023, the Company does not believe that there will be a significant change to the uncertain tax positions during the next 12 months. The Company’s total unrecognized tax benefits if recognized, would affect its tax expense by $4.8 million as of March 31, 2023.

General, Administrative and Oth

General, Administrative and Other	3 Months Ended
	Mar. 31, 2023
Other Income and Expenses [Abstract]
General, Administrative and Other	GENERAL, ADMINISTRATIVE AND OTHER The following table presents the components of general, administrative and other expenses as reported in the consolidated statements of operations: Three Months Ended March 31, 2023 2022 (dollars in thousands) Professional services $ 11,656 $ 5,464 Occupancy and equipment 6,699 7,090 Information processing and communications 5,650 5,026 Recurring placement and related service fees 3,626 5,249 Insurance 2,317 2,207 Business development 1,036 498 Other expenses 2,811 1,782 Total General, Administrative and Other $ 33,795 $ 27,316

Earnings (Loss) Per Class A Sha

Earnings (Loss) Per Class A Share	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Earnings per Class A Share	EARNINGS PER CLASS A SHARE Basic earnings per Class A Share is computed by dividing the net earnings attributable to Class A Shareholders by the weighted-average number of Class A Shares outstanding for the period. For the three months ended March 31, 2023 and 2022 the Company included 203,677 and 186,944 RSUs respectively, that have vested but have not been settled in Class A Shares in the weighted-average Class A Shares outstanding used to calculate basic and diluted earnings per Class A Share. When calculating dilutive earnings per Class A Share, the Company applies the treasury stock method to outstanding warrants, unvested RSUs and RSAs, which are only subject to a service condition. At the Sculptor Operating Group Level, the Company applies the if-converted method to vested Group A Units and vested Group E Units. For unvested Group A Units and unvested Group E Units, the Company applies the treasury stock method first to determine the number of incremental units that would be issuable and then applies the if-converted method to those resulting incremental units. The Company did not include unvested RSAs, Group P Units or PSUs subject to service and market conditions in the calculation of dilutive earnings per Class A Share, as the applicable market conditions had not yet been met as of the end of each reporting period presented below. The Company also did not include RSUs which will be settled in cash. The effect of dilutive securities on net earnings attributable to Class A Shareholders is presented net of tax. The following tables present the computation of basic and diluted earnings per Class A Share: Three Months Ended March 31, 2023 Net Income Attributable to Class A Shareholders Weighted- Average Class A Shares Outstanding Earnings Per Class A Share Number of Antidilutive Units and Warrants Excluded from Diluted Calculation (dollars in thousands, except per share amounts) Basic $ 8,492 25,173,834 $ 0.34 Effect of dilutive securities: Group A Units (5,681) 15,025,994 — Group E Units — 12,966,518 — RSUs — — 2,074,695 RSAs — — 1,072,269 Warrants (146) 467,262 — Diluted $ 2,665 53,633,608 $ 0.05 Three Months Ended March 31, 2022 Net Income (Loss) Attributable to Class A Shareholders Weighted- Average Class A Shares Outstanding Earnings (Loss) Per Class A Share Number of Antidilutive Units and Warrants Excluded from Diluted Calculation (dollars in thousands, except per share amounts) Basic $ 16,882 26,596,572 $ 0.63 Effect of dilutive securities: Group A Units (9,115) 15,025,994 — Group E Units — — 13,009,156 RSUs — — 2,508,983 RSAs — — 1,046,989 Warrants (20,639) 2,071,366 — Diluted $ (12,873) 43,693,932 $ (0.29)

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2023
Related Party Transactions [Abstract]
Related Party Transactions	RELATED PARTY TRANSACTIONS Due from Related Parties Amounts due from related parties relate primarily to amounts due from the funds for expenses paid on their behalf. These amounts are reimbursed to the Company on an ongoing basis. Certain Amounts Related to Tax Receivable Agreement Liability Amounts due to related parties relate primarily to future payments owed to certain trusts related to Daniel S. Och, under the tax receivable agreement, as discussed further in Note 16. The tax receivable agreement liability was $190.2 million as of March 31, 2023, and $72.2 million of the balance was due to related parties. The Company made payments totaling $16.9 million under the tax receivable agreement (inclusive of interest thereon) in the three months ended March 31, 2022, of which $7.4 million was paid to related parties. No such payments were made in the three months ended March 31, 2023. The Company made payments totaling $17.4 million under the tax receivable agreement (inclusive of interest thereon) on April 3, 2023, of which $7.7 million was paid to related parties. Management Fees and Incentive Income Earned from Related Parties and Waived Fees The Company earns substantially all of its management fees and incentive income from the funds, which are considered related parties as the Company manages the operations of and makes investment decisions for these funds. As of March 31, 2023 and December 31, 2022, respectively, approximately $863.2 million and $906.6 million of the Company’s Assets Under Management represented investments by the Company, its executive managing directors, employees and certain other related parties in the Company’s funds. As of March 31, 2023 and December 31, 2022, approximately 41% and 43%, respectively, of these Assets Under Management were not charged management fees or incentive income. The following table presents management fees and incentive income charged on investments held by the Company’s executive managing directors, employees and certain other related parties: Three Months Ended March 31, 2023 2022 (dollars in thousands) Fees charged on investments held by related parties: Management fees $ 930 $ 839 Incentive income $ 908 $ 498 Investment in SPAC In a private placement concurrent with the initial public offering of the SPAC the Company sponsors, SAC I sold warrants to Sculptor Acquisition Sponsor I, LLC, a subsidiary of the Company, for total gross proceeds of $11.2 million. Prior to the completion of a business combination, Sculptor Acquisition Sponsor I, LLC owns the majority of the Class B ordinary shares outstanding of SAC I, and consolidates SAC I under the voting interest model, and therefore the private placement warrants and Class B ordinary shares held by the Company are eliminated upon consolidation. Refer to Note 2 in the Company’s Annual Report for additional details on the SPAC. Investment in Structured Alternative Investment Solution In the first quarter of 2022, the Company closed on a $350.0 million structured alternative investment solution, a collateralized financing vehicle consolidated by the Company. The Company invested approximately $127.8 million in the vehicle. Refer to Note 2 in the Company’s Annual Report and Note 4 for additional details on the structured alternative investment solution.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES Tax Receivable Agreement The purchase of Group A Units from current and former executive managing directors and the Ziffs with the proceeds from the 2007 Offerings, and subsequent taxable exchanges by them of Group A Units, Group E Units and Group P Units (“Partner Equity Units”) for Class A Shares on a one-for-one basis (or, at the Company’s option, a cash equivalent), resulted, and, in the case of future exchanges, are anticipated to result, in an increase in the tax basis of the assets of the Sculptor Operating Group that would not otherwise have been available. The Company anticipates that any such tax basis adjustment resulting from an exchange will be allocated principally to certain intangible assets of the Sculptor Operating Group, and the Company will derive its tax benefits principally through amortization of these intangibles over a 15-year period. Consequently, these tax basis adjustments will increase, for tax purposes, the Company’s depreciation and amortization expenses and will therefore reduce the amount of tax that Sculptor Corp and any other future corporate taxpaying entities that acquire Group B Units in connection with an exchange, if any, would otherwise be required to pay in the future. Accordingly, pursuant to the tax receivable agreement, such corporate taxpaying entities (including Sculptor Capital Management, Inc. once it became treated as a corporate taxpayer following the Company’s conversion from a partnership to a corporation for U.S. federal income tax purposes, effective April 1, 2019 (the “Corporate Classification Change”), have agreed to pay the executive managing directors and the Ziffs 75% of the amount of cash savings, if any, in federal, state and local income taxes in the U.S. that these entities actually realize related to their units as a result of such increases in tax basis. For tax years prior to 2019, such percentage was 85% of such annual cash savings under the tax receivable agreement. In connection with the Recapitalization, the Company amended the tax receivable agreement to provide that, conditioned on Sculptor Capital Management, Inc. electing to be classified as, or converting into, a corporation for U.S. tax purposes, (i) no amounts are due or payable with respect to the 2017 tax year, (ii) only partial payments equal to 85% of the excess of such cash savings that would otherwise be due over 85% of such cash savings determined assuming that taxable income equals Economic Income are due and payable in respect of the 2018 tax year and (iii) the percentage of cash savings required to be paid with respect to the 2019 tax year and thereafter, as well as with respect to cash savings from subsequent exchanges, is reduced to 75%. In connection with the departure of certain former executive managing directors since the 2007 Offerings, the right to receive payments under the tax receivable agreement by those former executive managing directors was contributed to the Sculptor Operating Group. As a result, the Company expects to pay to the other executive managing directors and the Ziffs approximately 69% of the amount of cash savings, if any, in federal, state and local income taxes in the U.S. that the Company realizes as a result of such increases in tax basis with respect to future tax years. To the extent that the Company does not realize any cash savings, it would not be required to make corresponding payments under the tax receivable agreement. The Company recorded its initial estimate of future payments under the tax receivable agreement as a decrease to additional paid-in capital and an increase in the tax receivable agreement liability in the consolidated financial statements. Subsequent adjustments to the liability for future payments under the tax receivable agreement related to changes in estimated future tax rates or state income tax apportionment are recognized through current period earnings in the consolidated statements of operations. The estimate of the timing and the amount of future payments under the tax receivable agreement involves several assumptions that do not account for the significant uncertainties associated with these potential payments, including an assumption that Sculptor Corp will have sufficient taxable income in the relevant tax years to utilize the tax benefits that would give rise to an obligation to make payments. The actual timing and amount of any actual payments under the tax receivable agreement will vary based upon these and a number of other factors. As of March 31, 2023, the estimated future payment under the tax receivable agreement was $190.2 million, which is recorded in the tax receivable agreement liability balance on the consolidated balance sheets. The table below presents management’s estimate as of March 31, 2023, of the maximum amounts that would be payable under the tax receivable agreement assuming that the Company will have sufficient taxable income each year to fully realize the expected tax savings. In light of the numerous factors affecting the Company’s obligation to make such payments, the timing and amounts of any such actual payments may differ materially from those presented in the table. The impact of any net operating losses is included in the “Thereafter” amount in the table below. Potential Payments Under Tax Receivable Agreement (dollars in thousands) April 1, 2023 to December 31, 2023 $ 17,422 2024 18,010 2025 3,383 2026 51,408 2027 34,991 Thereafter 64,974 Total Payments $ 190,188 Litigation On August 24, 2022, a complaint under Section 220 of Delaware’s general corporation law, which allows shareholders to inspect corporate books and records, was filed by Daniel S. Och, the Founder of Och-Ziff and four former Och-Ziff executive managing directors. In April 2022, the Founder and these former executive managing directors made a demand to inspect books and records relating to alleged corporate governance concerns in connection with the promotion of James S. Levin to Chief Executive Officer, a new executive compensation plan approved by the Board of Directors in December 2021, and other matters related to the Board’s exercise of its duties. Despite the voluntary production by the Company of extensive documentation in response to that demand, the Founder and the former executive managing directors filed the Section 220 complaint to compel additional production. On November 18, 2022, the parties announced a settlement of the matter whereby the Founder and the former executive managing directors dismissed the Section 220 complaint with prejudice and in return, among other things, the Company agreed to produce certain additional books and records as well as to issue a press release announcing the formation of a special committee of the Board, as discussed in additional detail in Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations—Overview—Formation of Special Committee to Explore Potential Transactions. From time to time, the Company is involved in litigation and claims incidental to the conduct of the Company’s business. The Company is also subject to extensive scrutiny by regulatory agencies globally that have, or may in the future have, regulatory authority over the Company and its business activities. The Company accrues a liability for legal proceedings only when those matters present loss contingencies that it believes are both probable and reasonably estimable. As of March 31, 2023, the Company does not have any potential liability related to any current legal proceeding or claim that would individually, or in the aggregate, materially affect its results of operations, financial position or cash flows. Investment Commitments The Company has unfunded capital commitments of $200.6 million to certain funds it manages, of which $96.9 million relates to commitments of the Company’s consolidated structured alternative investment solution. The remaining $103.7 million relates to commitments of the Company to unconsolidated funds. Approximately $79.1 million of the Company’s commitments will be funded by contributions to the Company from certain employees and executive managing directors. The Company expects to fund these commitments over the approximately next six years. The Company has guaranteed these commitments in the event any executive managing director fails to fund any portion when called by the fund. The Company has historically not funded any of these commitments and does not expect to in the future, as these commitments are expected to be funded by the Company’s executive managing directors individually. Other Contingencies In the normal course of business, the Company enters into contracts that provide a variety of general indemnifications. Such contracts include those with certain service providers, brokers and trading counterparties. Any exposure to the Company under these arrangements could involve future claims that may be made against the Company. Currently, no such claims exist or are expected to arise and, accordingly, the Company has not accrued any liability in connection with such indemnifications. Additionally, the Company has agreements with certain of the funds it manages to reimburse certain expenses in excess of an agreed-upon cap. During the three months ended March 31, 2023 and 2022, these amounts were not material.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	Dividend On May 4, 2023, the Company announced a cash dividend of $0.06 per Class A Share. The dividend is payable on May 23, 2023, to holders of record as of the close of business on May 16, 2023.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation These unaudited, interim, consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) as set forth in the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”), and exclude some of the disclosures required in audited financial statements and therefore should be read in conjunction with the audited consolidated financial statements included in the Company’s Annual Report. Management believes all adjustments considered necessary for a fair presentation of the Company’s unaudited, interim, consolidated financial statements have been included and are of a normal and recurring nature and that estimates made in preparing unaudited, interim, consolidated financial statements are reasonable and prudent. The consolidated financial statements include the accounts of the Company, its wholly owned or majority owned subsidiaries, the consolidated entities which are considered to be variable interest entities and for which the Company is considered the primary beneficiary, and certain other entities which are not considered variable interest entities but the Company is determined to have control. All significant intercompany transactions and balances have been eliminated in consolidation. The results of operations presented for the interim periods are not necessarily indicative of the results that may be expected for any other interim period or for the entire year. For example, incentive income for the majority of the Company’s multi-strategy AUM is recognized in the fourth quarter each year, based on full year investment performance.
Recently Adopted and Future Adoption of Accounting Pronouncements	Recently Adopted Accounting Pronouncements No changes to GAAP that went into effect in the three months ended March 31, 2023, had a material effect on the Company’s consolidated financial statements. Future Adoption of Accounting Pronouncements No changes to GAAP that are not yet effective are expected to have a material effect on the Company’s consolidated financial statements.

Fair Value Measures and Disclos

Fair Value Measures and Disclosures (Policies)	3 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Investments	The Company invests in U.S. government obligations to manage excess liquidity. CLOs, at fair value, consist of investments in notes of unconsolidated CLOs. These investments are carried at fair value under the irrevocable fair value option election at initial recognition. Changes in fair value are recorded within net gains (losses) on investments in the consolidated statements of operations. Interest income on these investments is accrued using the effective interest method and separately presented from the overall change in fair value and is recognized in other revenue in the consolidated statement of operations. The Company’s equity method investments include investments in funds, which are not consolidated, but in which the Company exerts significant influence, but not control. The Company has not elected the fair value option and accounts for such investments under the equity method. Under the equity method of accounting, the Company recognizes its share of the underlying earnings (losses) from equity method investments within net gains (losses) on investments in the consolidated statements of operations. The carrying amounts of equity method investments are recorded in investments in the consolidated balance sheets. Refer to Note 15 for details of the related party nature of such investments. Investments of consolidated entities include both investments of the Company’s consolidated SPAC, which consists of investments in U.S. Treasury bills held in a trust account and measured at fair value, as well as investments held by the Company’s consolidated structured alternative investment solution. The investments of the consolidated structured alternative investment solution that the Company manages are generally measured at fair value using the NAV per share practical expedient. The Company may determine based on its own due diligence and investment procedures, that NAV per share does not represent fair value. In such circumstances, the Company will estimate the fair value in good faith and in a manner that it reasonably chooses in accordance with GAAP. The Company does not categorize investments where fair value is measured using the NAV practical expedient within the fair value hierarchy.
Fair Value Measurement, Policy	Fair Value Disclosures Fair value represents the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants as of the measurement date (i.e., an exit price). The Company and the funds it manages hold a variety of investments, certain of which are not publicly traded or that are otherwise illiquid. Significant judgement and estimation go into the assumptions that drive the fair value of these investments. The fair value of these investments may be estimated using a combination of observed transaction prices, prices from third parties (including independent pricing services and relevant broker quotes), models or other valuation methodologies based on pricing inputs that are neither directly nor indirectly market observable. Due to the inherent uncertainty of valuations of investments that are determined to be illiquid or do not have readily ascertainable fair values, the estimates of fair value may differ from the values ultimately realized, and those differences can be material. GAAP establishes a hierarchical disclosure framework that prioritizes and ranks the level of market price observability used in measuring financial instruments at fair value. Market price observability is impacted by a number of factors, including the type and the specific characteristics of the financial instrument, including existence and transparency of transactions between market participants. Financial instruments with readily available actively quoted prices or for which fair value can be measured from actively-quoted prices generally will have a higher degree of market price observability and lesser degree of judgment used in measuring fair value. Financial instruments measured at fair value are classified and disclosed into one of the following categories based on the observability of inputs used in the determination of fair values: • Level I – Quoted prices that are available in active markets for identical financial instruments as of the reporting date. The types of financial instruments that would generally be included in this category are listed equities, U.S. government obligations and listed derivatives. The Company does not adjust the quoted price for these investments. • Level II – Quotations received from dealers making a market for financial instruments (“broker quotes”), valuations obtained from independent third-party pricing services, the use of models or other valuation methodologies based on pricing inputs that are either directly or indirectly observable as of the reporting date. The types of financial instruments that would generally be included in this category are certain corporate bonds and loans, certain credit default swap contracts, certain bank debt securities, certain commercial real estate debt, less liquid equity securities, forward contracts and certain over the-counter (“OTC”) derivatives where the fair value is based on observable inputs. These financial instruments exhibit higher levels of liquid market observability as compared to Level III financial instruments. • Level III – Pricing inputs that are unobservable for the financial instruments and includes situations where there is little, if any, market activity for the financial instrument. The inputs into the determination of fair value of financial instruments in this category may require significant management judgment or estimation. The fair value of these financial instruments may be estimated using a combination of observed transaction prices, independent pricing services, relevant broker quotes, models or other valuation methodologies based on pricing inputs that are neither directly or indirectly market observable (e.g., cash flows, implied yields, EBITDA multiples). The types of financial instruments that would generally be included in this category include CLOs, certain warrant liabilities, certain credit default swap contracts, certain bank debt securities, certain OTC derivatives, asset-backed securities, collateralized debt obligations and investments in affiliated credit funds. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, a financial instrument’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the financial instrument when the fair value is based on unobservable inputs. For financial instruments for which the Company uses independent pricing services for valuation, the Company performs analytical procedures and compares independent pricing service valuations to other vendors’ pricing as applicable. The Company also performs due diligence reviews on independent pricing services on an annual basis and performs other due diligence procedures as may be deemed necessary.

Organization (Tables)

Organization (Tables)	3 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Shares and Operating Group Units	The following table presents the number of shares and units of the Company and the Sculptor Operating Partnerships, respectively, that were outstanding as of March 31, 2023: As of March 31, 2023 Sculptor Capital Management, Inc. Class A Shares 24,970,157 Class B Shares 33,018,248 Restricted Class A Shares (“RSAs”) 4,645,054 Restricted Share Units (“RSUs”) 2,779,823 Performance-based RSUs (“PSUs”) 912,500 Warrants to purchase Class A Shares (Note 7) 4,338,015 Sculptor Operating Partnerships Group A Units 15,025,994 Group A-1 Units 9,244,477 Group B Units 24,970,157 Group E Units 13,021,158 Group P Units 4,734,286

Noncontrolling Interests (Table

Noncontrolling Interests (Tables)	3 Months Ended
	Mar. 31, 2023
Noncontrolling Interest [Abstract]
Calculation of Noncontrolling Interests Attributable to Group A Units	The table below sets forth the calculation of noncontrolling interests related to the Group A Units for each Sculptor Operating Partnership (rounding differences may occur). The blended participation percentages presented below take into account ownership changes throughout the periods presented. Three Months Ended March 31, 2023 2022 (dollars in thousands) Sculptor Capital LP Net income $ 31,087 $ 41,216 Blended participation percentage 0 % 0 % Net Income Attributable to Group A Units $ — $ — Sculptor Capital Advisors LP Net loss $ (4,182) $ (16,820) Blended participation percentage 38 % 37 % Net Loss Attributable to Group A Units $ (1,571) $ (6,153) Sculptor Capital Advisors II LP Net loss $ (14,451) $ (17,796) Blended participation percentage 38 % 37 % Net Loss Attributable to Group A Units $ (5,429) $ (6,510) Total Sculptor Operating Group Net income $ 12,454 $ 6,600 Blended participation percentage -56 % -192 % Net Loss Attributable to Group A Units $ (7,000) $ (12,663)
Components of Net Loss Attributable to Noncontrolling Interests	The following table presents the components of the net loss attributable to noncontrolling interests: Three Months Ended March 31, 2023 2022 (dollars in thousands) Group A Units $ (7,000) $ (12,663) Other 795 657 $ (6,205) $ (12,006)
Components of Shareholders' Equity Attributable to Noncontrolling Interests	The following table presents the components of the shareholders’ equity attributable to noncontrolling interests: March 31, 2023 December 31, 2022 (dollars in thousands) Group A Units $ 407,302 $ 412,941 Other 27,465 26,538 $ 434,767 $ 439,479
Redeemable Noncontrolling Interest	The following table presents the activity in redeemable noncontrolling interests for the three months ended March 31, 2023 and 2022 : Three Months Ended March 31, 2023 2022 (dollars in thousands) Beginning balance $ 237,864 $ 234,600 Change in redemption value of Class A Shares of consolidated SPAC 1,178 (3,068) Comprehensive income 1,499 3,068 Ending Balance $ 240,541 $ 234,600

Investments and Fair Value Di_2

Investments and Fair Value Disclosures (Tables)	3 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Investments Summary	The following table presents the components of the Company’s investments as reported in the consolidated balance sheets: March 31, 2023 December 31, 2022 (dollars in thousands) U.S. government obligations, at fair value $ 9,978 $ 24,782 CLOs, at fair value 207,030 207,147 Equity method investments 75,970 67,130 Total Investments $ 292,978 $ 299,059 Investments of Consolidated Entities $ 547,834 $ 544,554
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share	The following table summarizes the fair value of the investments of the structured alternative investment solution that are measured using the NAV practical expedient by strategy type and ability to redeem such investments as of March 31, 2023: Fund Type (1) Fair Value (as of March 31, 2023) Redemption Frequency (2) Redemption Notice Period (2) (dollars in thousands) Multi-strategy 67,514 Quarterly - Annually 30 days - 90 days Credit 231,028 Monthly - Annually (3) 30 days - 90 days Real estate 8,757 None (4) N/A Total $ 307,299 _______________ (1) The structured alternative investment solution invests in both open-ended and close-ended funds. The investments in each fund may represent investments in a particular tranche of such fund subject to different withdrawal rights. (2) $154.2 million of investments are subject to an initial lock-up period of three years during which time no withdrawals or redemptions are allowed. Once the lock-up period ends, the investments are able to be redeemed with the frequency noted above. (3) 22% of these investments are in closed-end funds which cannot be redeemed, as distributions will be received as the underlying assets are liquidated, which is expected to be approximately six years. (4) 100% of these investments are in closed-end funds which cannot be redeemed, as distributions will be received as the underlying assets are liquidated, which is expected to be approximately seven
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following tables summarize the Company’s financial assets and liabilities measured at fair value on a recurring basis within the fair value hierarchy for the periods presented: As of March 31, 2023 Level I Level II Level III NAV Total (dollars in thousands) Assets, at Fair Value Included within cash and cash equivalents: U.S. government obligations $ 86,791 $ — $ — $ — $ 86,791 Included within investments: U.S. government obligations $ 9,978 $ — $ — $ — $ 9,978 CLOs (1) $ — $ — $ 207,030 $ — $ 207,030 Included within investments of consolidated entities: U.S. government obligations $ 240,535 $ — $ — $ — $ 240,535 Investments in funds — — — 307,299 307,299 Investments of Consolidated Entities $ 240,535 $ — $ — $ 307,299 $ 547,834 Liabilities, at Fair Value Warrants $ — $ — $ 23,989 $ — $ 23,989 Liabilities of consolidated entities: Warrants $ 1,082 $ — $ — $ — $ 1,082 Notes payable $ — $ — $ 197,813 $ — $ 197,813 _______________ (1) As of March 31, 2023, investments in CLOs had contractual principal amounts of $209.8 million outstanding, which excludes the Company’s investments in subordinated tranches of the notes, as these do not have contractual principal payments. As of December 31, 2022 Level I Level II Level III NAV Total (dollars in thousands) Assets, at Fair Value Included within cash and cash equivalents: U.S. government obligations $ 19,937 $ — $ — $ — $ 19,937 Included within investments: U.S. government obligations $ 24,782 $ — $ — $ — $ 24,782 CLOs (1) $ — $ — $ 207,147 $ — $ 207,147 Included within investments of consolidated entities: U.S. government obligations $ 237,964 $ — $ — $ — $ 237,964 Investments in funds — — — 306,590 306,590 Investments of Consolidated Entities $ 237,964 $ — $ — $ 306,590 $ 544,554 Liabilities, at Fair Value Warrants $ — $ — $ 24,163 $ — $ 24,163 Liabilities of consolidated entities: Warrants $ 596 $ — $ — $ — $ 596 Notes Payable $ — $ — $ 196,106 $ — $ 196,106 _______________ (1) As of December 31, 2022, investments in CLOs had contractual principal amounts of $212.0 million outstanding, which excludes the Company’s investments in subordinated tranches of the notes, as these do not have contractual principal payments.
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	The following tables summarize the changes in the Company’s Level III financial assets and liabilities for the periods presented: December 31, 2022 Transfers In Transfers Out Purchases / Issuances Investment Sales / Settlements Gains / (Losses) Included in Earnings Gains / (Losses) Included in Other Comprehensive Income March 31, 2023 (dollars in thousands) Assets, at Fair Value Included within investments: CLOs $ 207,147 $ — $ — $ — $ (5,361) $ 2,809 $ 2,435 $ 207,030 Liabilities, at Fair Value Warrants $ 24,163 $ — $ — $ — $ — $ 174 $ — $ 23,989 Liabilities of consolidated entities: Notes payable $ 196,106 $ — $ — $ — $ — $ (1,707) $ — $ 197,813 December 31, 2021 Transfers In Transfers Out Purchases / Issuances Investment Sales / Settlements Gains / (Losses) Included in Earnings Gains / (Losses) Included in Other Comprehensive Income March 31, 2022 (dollars in thousands) Assets, at Fair Value Included within investments: CLOs $ 219,510 $ — $ — $ 28,807 $ (12,347) $ (4,519) $ (4,899) $ 226,552 Investments of consolidated entities: Bank Debt $ — $ 3,603 (1) $ (14,666) (1) $ 14,633 $ (3,475) $ (95) $ — $ — Liabilities, at Fair Value Warrants $ 65,287 $ — $ — $ — $ — $ 24,336 $ — $ 40,951 Liabilities of consolidated entities: Warrants $ 7,590 $ — $ (3,450) (2) $ — $ — $ 4,140 $ — $ — Notes payable $ — $ — $ — $ 215,733 $ — $ — $ — $ 215,733 _______________ (1) Transfers into and out of Level III in bank debt include $2.3 million related to the consolidation (Transfers In) and $14.0 million related to the subsequent deconsolidation (Transfers Out) of a fund that the Company manages. (2) Transfers out of Level III into Level I related to warrants of consolidated entities that became publicly traded with available quoted prices during the first quarter of 2022.
Fair Value, Measured on Recurring Basis, Gain (Loss) Included in Earnings	The table below summarizes the net change in unrealized gains and (losses) on the Company’s Level III financial instruments outstanding as of the reporting date: Three Months Ended March 31, 2023 2022 (dollars in thousands) Assets, at Fair Value Included within investments: CLOs $ 5,244 $ (9,418) Liabilities, at Fair Value Warrants $ 174 $ 24,336 Liabilities of consolidated entities: Notes payable $ (1,707) $ —

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	3 Months Ended
	Mar. 31, 2023
Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure [Abstract]
Variable Interest Entities	The table below presents the assets and liabilities of VIEs consolidated by the Company. March 31, 2023 December 31, 2022 (dollars in thousands) Assets Assets of consolidated entities: Cash and cash equivalents of consolidated entities $ 12,655 $ 3 Restricted cash and cash equivalents of consolidated entities 9,800 9,805 Investments of consolidated entities, at fair value 307,299 306,590 Other assets of consolidated entities 1,744 2,016 Total Assets $ 331,498 $ 318,414 Liabilities Liabilities of consolidated entities: Notes payable of consolidated entities $ 197,813 $ 196,106 Other liabilities of consolidated entities 4,816 1,601 Total Liabilities $ 202,629 $ 197,707 The table below presents the net assets of unconsolidated VIEs in which the Company has variable interests along with the maximum exposure to loss as a result of the Company’s involvement with non-consolidated VIEs: March 31, 2023 December 31, 2022 (dollars in thousands) Net assets of unconsolidated VIEs in which the Company has a variable interest $ 12,215,434 $ 12,738,164 Maximum risk of loss as a result of the Company’s involvement with unconsolidated VIEs: Unearned income and fees 45,504 53,869 Income and fees receivable 34,711 41,890 Investments 246,366 245,583 Investments of consolidated entities 239,785 237,699 Unfunded commitments (1) 200,529 182,797 Maximum Exposure to Loss $ 766,895 $ 761,838 _______________ (1) Includes commitments from certain employees and executive managing directors in the amounts of $79.1 million and $65.4 million as of March 31, 2023 and December 31, 2022, respectively.

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2023
Leases [Abstract]
Lease Cost	The tables below represent components of lease expense and associated cash flows: Three Months Ended March 31, 2023 2022 (dollars in thousands) Lease Cost Operating lease cost $ 4,605 $ 4,708 Short-term lease cost 22 10 Finance lease cost - amortization of leased assets 99 92 Finance lease cost - imputed interest on lease liabilities 15 3 Less: Sublease income (797) (830) Net Lease Cost $ 3,944 $ 3,983 Three Months Ended March 31, 2023 2022 (dollars in thousands) Supplemental Lease Cash Flow Information Cash paid for amounts included in the measurement of lease liabilities Operating cash flows for operating leases $ 5,215 $ 5,326 Operating cash flows for finance leases $ 5 $ — Finance cash flows for finance leases $ 223 $ 163 Right-of-use assets obtained in exchange for lease obligations Operating leases $ — $ 1,079 March 31, 2023 December 31, 2022 Lease Term and Discount Rate Weighted average remaining lease term Operating leases 6.5 years 6.7 years Finance leases 4.3 years 4.5 years Weighted average discount rate Operating leases 7.8 % 7.8 % Finance leases 7.9 % 7.9 %
Maturity of Lease Liabilities	Operating Finance (dollars in thousands) Maturity of Lease Liabilities - Contractual Payments to be Paid April 1, 2023 to December 31, 2023 $ 14,968 $ — 2024 16,527 228 2025 14,328 228 2026 15,353 228 2027 17,675 228 Thereafter 35,015 — Total Lease Payments 113,866 912 Imputed interest (25,265) (146) Total Lease Liabilities - Contractual Payments to be Paid $ 88,601 $ 766
Sublease Rent Payments Receivable	Operating Leases (dollars in thousands) Sublease Rent - Contractual Payments to be Received April 1, 2023 to December 31, 2023 $ 2,223 2024 1,920 2025 1,920 2026 1,920 2027 1,960 Thereafter 4,160 Total Sublease Rent - Contractual Payments to be Received $ 14,103

Debt Obligations and Warrants (

Debt Obligations and Warrants (Tables)	3 Months Ended
	Mar. 31, 2023
Debt Instruments [Abstract]
Schedule of Maturities of Long-term Debt	2020 Term Loan CLO Investments Loans Total (dollars in thousands) Maturity of Debt Obligations April 1, 2023 to December 31, 2023 $ — $ — $ — 2024 — — — 2025 — — — 2026 — — — 2027 95,000 — 95,000 2028 — — — Thereafter — 36,186 36,186 Total Payments 95,000 36,186 131,186 Unamortized discounts & deferred financing costs (11,126) (191) (11,317) Total Debt Obligations $ 83,874 $ 35,995 $ 119,869
Notes Payable, Consolidating Funds	The table below summarizes material terms of the notes payable: Class A Notes Class B Notes Class C Notes Subordinated Notes (1) (dollars in thousands) Type Senior Secured Senior Secured Mezzanine Secured Unsecured Initial principal amount $ 140,000 $ 70,000 $ 35,000 $ 105,000 Initial interest rate 4.25 % 6.00 % 6.75 % N/A Interest rate after step up and effective date (2) 6.25%; May 2028 8.00%; May 2029 9.50%; May 2025 N/A _______________ (1) Subordinated notes do not have stated interest rates or principal entitlement but instead receive net proceeds from excess cash flows remaining after periodic payments have been made to more senior notes and after fees and expenses in accordance with the priority of payments. (2) Interest rate after a one time step up in basis at the indicated effective date.
CLO Investments Loans Table	Carrying amounts presented in the table below are net of discounts, if any, and unamortized deferred financing costs. The interest rates on the CLO Investments Loans are variable based on LIBOR or EURIBOR (subject to a floor of zero percent). The final maturity date for each CLO Investments Loan is the earlier of the contractual maturity date presented in the table below or the date at which the Company no longer holds a risk retention investment in the respective CLO. The timing of principal payments on CLO Investments Loans is contingent on principal payments made to the Company on the investments in CLOs and the CLO Investments Loans may amortize well in advance of their contractual maturity dates. Initial Borrowing Date Contractual Rate Contractual Maturity Date Carrying Value March 31, 2023 December 31, 2022 (dollars in thousands) June 7, 2017 LIBOR plus 1.48% November 16, 2029 $ 15,610 $ 16,835 August 2, 2017 LIBOR plus 1.41% January 21, 2030 20,385 21,594 January 19, 2022 EURIBOR plus 1.50% December 15, 2023 — 2,285 $ 35,995 $ 40,714

Securities Sold under Agreeme_2

Securities Sold under Agreements to Repurchase (Tables)	3 Months Ended
	Mar. 31, 2023
Transfers and Servicing of Financial Assets [Abstract]
Schedule of Repurchase Agreements Offsetting Disclosures	The table below presents securities sold under agreements to repurchase that are offset, if any, as well as securities transferred to the counterparty related to such transactions (capped so that the net amount presented will not be reduced below zero). No other material financial instruments were subject to master netting agreements or other similar agreements: Securities Sold under Agreements to Repurchase Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Consolidated Balance Sheet Net Amounts of Liabilities in the Consolidated Balance Sheet Securities Transferred Net Amount (dollars in thousands) As of March 31, 2023 $ 168,931 $ — $ 168,931 $ 161,424 $ 7,507 As of December 31, 2022 $ 166,632 $ — $ 166,632 $ 157,107 $ 9,525
Schedule of Remaining Contractual Maturity of Repurchase Agreements	The securities sold under agreements to repurchase have a set scheduled maturity date that corresponds to the maturities of the securities sold under such transaction. The table below presents the remaining final contractual maturity of the securities sold to the counterparty under agreement to repurchase by class of collateral pledged: Investments in CLOs Securities Sold under Agreements to Repurchase Overnight and Continuous Up to 30 Days 30-90 Days Greater Than 90 Days Total (dollars in thousands) As of March 31, 2023 $ — $ — $ — $ 168,931 $ 168,931 As of December 31, 2022 $ — $ — $ — $ 166,632 $ 166,632

Other Assets, Net (Tables)

Other Assets, Net (Tables)	3 Months Ended
	Mar. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Components of Other Assets	The following table presents the components of other assets, net as reported in the consolidated balance sheets: March 31, 2023 December 31, 2022 (dollars in thousands) Fixed Assets: Leasehold improvements $ 47,736 $ 47,736 Computer hardware and software 44,653 44,603 Furniture, fixtures and equipment 8,013 8,013 Accumulated depreciation and amortization (80,433) (79,390) Fixed assets, net 19,969 20,962 Goodwill 22,691 22,691 Prepaid expenses 14,668 16,698 Cloud computing costs 11,176 9,940 Redemption receivable (1) 672 28,721 Other 10,072 7,430 Total Other Assets, Net $ 79,248 $ 106,442 _______________ (1) Represents amounts receivable on a redeemed investment in a fund.

Other Liabilities (Tables)

Other Liabilities (Tables)	3 Months Ended
	Mar. 31, 2023
Other Liabilities Disclosure [Abstract]
Components of Other Liabilities	The following table presents the components of other liabilities as reported in the consolidated balance sheets: March 31, 2023 December 31, 2022 (dollars in thousands) Accrued expenses $ 23,185 $ 20,925 Uncertain tax positions 8,250 8,250 Due to funds (1) 3,488 3,854 Other 9,931 10,020 Total Other Liabilities $ 44,854 $ 43,049 _______________ (1) To the extent that a fee-paying fund is an investor in another fee-paying fund, the Company rebates a corresponding portion of the management fees charged in the investee fund. Due to funds amounts also reflect certain incentive income and management fee waivers.

Revenues (Tables)

Revenues (Tables)	3 Months Ended
	Mar. 31, 2023
Revenue from Contract with Customer [Abstract]
Management Fees and Incentive Income Recognized	The following table presents management fees and incentive income recognized as revenues for the three months ended March 31, 2023 and 2022: Three Months Ended March 31, 2023 2022 Management Fees Incentive Income Management Fees Incentive Income (dollars in thousands) Multi-strategy funds $ 30,882 $ 316 $ 39,980 $ 955 Credit Opportunistic credit funds 12,536 10,819 12,824 19,803 Institutional Credit Strategies 11,467 — 11,583 — Real estate funds 8,823 29,151 9,050 884 Total $ 63,708 $ 40,286 $ 73,437 $ 21,642
Income and Fees Receivable	The following table presents the composition of the Company’s income and fees receivable as of March 31, 2023 and December 31, 2022: March 31, 2023 December 31, 2022 (dollars in thousands) Management fees $ 24,591 $ 25,402 Incentive income 21,848 30,958 Income and Fees Receivable $ 46,439 $ 56,360
Unearned Income and Fees	The following table presents the Company’s unearned income and fees as of March 31, 2023 and December 31, 2022: March 31, 2023 December 31, 2022 (dollars in thousands) Management fees $ 2 $ 2 Incentive income 45,502 53,867 Unearned Income and Fees $ 45,504 $ 53,869

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Schedule of Effective Income Tax Rate Reconciliation	The following is a reconciliation of the statutory U.S. federal income tax rate to the Company’s effective income tax rate: Three Months Ended March 31, 2023 2022 Statutory U.S. federal income tax rate 21.00 % 21.00 % Loss passed through to noncontrolling interests 3.70 % 15.83 % Foreign income taxes 10.05 % 4.37 % RSU excess income tax benefit or expense 9.17 % -11.53 % State and local income taxes 17.51 % 33.50 % Nondeductible amortization of Partner Equity Units 3.94 % 19.81 % Foreign tax credits and deductions -2.11 % -0.92 % Change in fair value of warrants -0.61 % -36.60 % Disallowed executive compensation 8.09 % 13.41 % Other, net 1.23 % -0.04 % Effective Income Tax Rate 71.97 % 58.83 %

General, Administrative and O_2

General, Administrative and Other (Tables)	3 Months Ended
	Mar. 31, 2023
Other Income and Expenses [Abstract]
Components of General, Administrative and Other Expenses	The following table presents the components of general, administrative and other expenses as reported in the consolidated statements of operations: Three Months Ended March 31, 2023 2022 (dollars in thousands) Professional services $ 11,656 $ 5,464 Occupancy and equipment 6,699 7,090 Information processing and communications 5,650 5,026 Recurring placement and related service fees 3,626 5,249 Insurance 2,317 2,207 Business development 1,036 498 Other expenses 2,811 1,782 Total General, Administrative and Other $ 33,795 $ 27,316

Earnings (Loss) Per Class A S_2

Earnings (Loss) Per Class A Share (Tables)	3 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings (Loss) Per Class A Share	The following tables present the computation of basic and diluted earnings per Class A Share: Three Months Ended March 31, 2023 Net Income Attributable to Class A Shareholders Weighted- Average Class A Shares Outstanding Earnings Per Class A Share Number of Antidilutive Units and Warrants Excluded from Diluted Calculation (dollars in thousands, except per share amounts) Basic $ 8,492 25,173,834 $ 0.34 Effect of dilutive securities: Group A Units (5,681) 15,025,994 — Group E Units — 12,966,518 — RSUs — — 2,074,695 RSAs — — 1,072,269 Warrants (146) 467,262 — Diluted $ 2,665 53,633,608 $ 0.05 Three Months Ended March 31, 2022 Net Income (Loss) Attributable to Class A Shareholders Weighted- Average Class A Shares Outstanding Earnings (Loss) Per Class A Share Number of Antidilutive Units and Warrants Excluded from Diluted Calculation (dollars in thousands, except per share amounts) Basic $ 16,882 26,596,572 $ 0.63 Effect of dilutive securities: Group A Units (9,115) 15,025,994 — Group E Units — — 13,009,156 RSUs — — 2,508,983 RSAs — — 1,046,989 Warrants (20,639) 2,071,366 — Diluted $ (12,873) 43,693,932 $ (0.29)

Related Party Transactions (Tab

Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2023
Related Party Transactions [Abstract]
Management Fees and Incentive Income Earned from Related Parties	The following table presents management fees and incentive income charged on investments held by the Company’s executive managing directors, employees and certain other related parties: Three Months Ended March 31, 2023 2022 (dollars in thousands) Fees charged on investments held by related parties: Management fees $ 930 $ 839 Incentive income $ 908 $ 498

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of Estimated Future Maximum Payments Under Tax Receivable Agreement	The table below presents management’s estimate as of March 31, 2023, of the maximum amounts that would be payable under the tax receivable agreement assuming that the Company will have sufficient taxable income each year to fully realize the expected tax savings. In light of the numerous factors affecting the Company’s obligation to make such payments, the timing and amounts of any such actual payments may differ materially from those presented in the table. The impact of any net operating losses is included in the “Thereafter” amount in the table below. Potential Payments Under Tax Receivable Agreement (dollars in thousands) April 1, 2023 to December 31, 2023 $ 17,422 2024 18,010 2025 3,383 2026 51,408 2027 34,991 Thereafter 64,974 Total Payments $ 190,188

Organization - Additional Infor

Organization - Additional Information (Detail) $ / shares in Units, $ in Thousands		3 Months Ended		13 Months Ended
	Feb. 07, 2019 shares	Mar. 31, 2023 USD ($) shares	Mar. 31, 2022 USD ($)	Mar. 31, 2023 USD ($) $ / shares shares
Class of Stock
Ratio of Group A Units Recapitalized as Group A-1 Units	0.35
Ratio of Group A Units Recapitalized as Group A Units	0.65
Number of Group A Units forfeited in connection with Recapitalization | shares	749,813
Stock Repurchase Program, Authorized Amount		$ 100,000		$ 100,000
Stock Repurchased During Period, Value			$ 6,254
Stock Repurchase Program, Remaining Authorized Repurchase Amount		$ 67,500		$ 67,500
Class A Shares
Class of Stock
Treasury Stock, Shares, Acquired | shares		0		3,022,380
Stock Repurchased During Period, Value				$ 32,500
Average price per treasury share purchased | $ / shares				$ 10.75
Treasury Stock
Class of Stock
Treasury Stock, Shares | shares		3,022,380		3,022,380

Organization - Schedule of Shar

Organization - Schedule of Shares and Operating Group Units (Detail) - shares	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Class of Stock
Warrants outstanding	4,338,015
Class A Shares
Class of Stock
Stock and operating group units outstanding	24,970,157	23,707,228	26,052,113	25,668,987
Class B Shares
Class of Stock
Stock and operating group units outstanding	33,018,248	33,569,188	33,676,331	33,613,023
Restricted Class A Shares (“RSAs”)
Class of Stock
Stock and operating group units outstanding	4,645,054
Restricted Share Units (“RSUs”)
Class of Stock
Unvested equity awards outstanding	2,779,823
Performance-based RSUs (“PSUs”)
Class of Stock
Unvested equity awards outstanding	912,500
Group A Units
Class of Stock
Stock and operating group units outstanding	15,025,994
Group A-1 Units
Class of Stock
Stock and operating group units outstanding	9,244,477
Group B Units
Class of Stock
Stock and operating group units outstanding	24,970,157
Group E Units
Class of Stock
Stock and operating group units outstanding	13,021,158
Group P Units
Class of Stock
Stock and operating group units outstanding	4,734,286

Noncontrolling Interests - Calc

Noncontrolling Interests - Calculation of Noncontrolling Interests Attributable to Group A Units (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Noncontrolling Interest [Line Items]
Net Income (Loss)	$ 9,670	$ 13,814
Net Income (Loss) Attributable to Noncontrolling Interests	(6,205)	(12,006)
Sculptor Capital LP
Noncontrolling Interest [Line Items]
Net Income (Loss)	31,087	41,216
Sculptor Advisors LP
Noncontrolling Interest [Line Items]
Net Income (Loss)	(4,182)	(16,820)
Sculptor Advisors II LP
Noncontrolling Interest [Line Items]
Net Income (Loss)	(14,451)	(17,796)
Sculptor Operating Group
Noncontrolling Interest [Line Items]
Net Income (Loss)	12,454	6,600
Group A Units
Noncontrolling Interest [Line Items]
Net Income (Loss) Attributable to Noncontrolling Interests	$ (7,000)	$ (12,663)
Group A Units | Sculptor Capital LP
Noncontrolling Interest [Line Items]
Blended Participation Percentage	0%	0%
Net Income (Loss) Attributable to Noncontrolling Interests	$ 0	$ 0
Group A Units | Sculptor Advisors LP
Noncontrolling Interest [Line Items]
Blended Participation Percentage	38%	37%
Net Income (Loss) Attributable to Noncontrolling Interests	$ (1,571)	$ (6,153)
Group A Units | Sculptor Advisors II LP
Noncontrolling Interest [Line Items]
Blended Participation Percentage	38%	37%
Net Income (Loss) Attributable to Noncontrolling Interests	$ (5,429)	$ (6,510)
Group A Units | Sculptor Operating Group
Noncontrolling Interest [Line Items]
Blended Participation Percentage	(56.00%)	(192.00%)
Net Income (Loss) Attributable to Noncontrolling Interests	$ (7,000)	$ (12,663)

Noncontrolling Interests - Comp

Noncontrolling Interests - Components of Net Loss Attributable to Noncontrolling Interests (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Noncontrolling Interest [Line Items]
Net Income (Loss) Attributable to Noncontrolling Interests	$ (6,205)	$ (12,006)
Group A Units
Noncontrolling Interest [Line Items]
Net Income (Loss) Attributable to Noncontrolling Interests	(7,000)	(12,663)
Other
Noncontrolling Interest [Line Items]
Net Income (Loss) Attributable to Noncontrolling Interests	$ 795	$ 657

Noncontrolling Interests - Co_2

Noncontrolling Interests - Components of Shareholders' Equity Attributable to Noncontrolling Interests (Detail) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Noncontrolling Interest [Line Items]
Shareholders’ equity attributable to noncontrolling interests	$ 434,767	$ 439,479
Group A Units
Noncontrolling Interest [Line Items]
Shareholders’ equity attributable to noncontrolling interests	407,302	412,941
Other
Noncontrolling Interest [Line Items]
Shareholders’ equity attributable to noncontrolling interests	$ 27,465	$ 26,538

Noncontrolling Interests - Rede

Noncontrolling Interests - Redeemable Noncontrolling Interest (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Increase (Decrease) in Redeemable Noncontrolling Interest [Roll Forward]
Redeemable Noncontrolling Interests	$ 237,864
Less: Net income attributable to redeemable noncontrolling interests	1,499	$ 3,068
Redeemable Noncontrolling Interests	240,541
SPAC
Increase (Decrease) in Redeemable Noncontrolling Interest [Roll Forward]
Redeemable Noncontrolling Interests	237,864	234,600
Change in redemption value of Class A Shares of consolidated SPAC	1,178	(3,068)
Less: Net income attributable to redeemable noncontrolling interests	1,499	3,068
Redeemable Noncontrolling Interests	$ 240,541	$ 234,600

Noncontrolling Interest - Addit

Noncontrolling Interest - Additional Information (Details)	Mar. 31, 2023	Mar. 31, 2022
Sculptor Operating Group | Sculptor Capital Management, Inc
Noncontrolling Interest [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent	47.10%	48.20%

Investments and Fair Value Di_3

Investments and Fair Value Disclosures - Schedule of Investments (Detail) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
U.S. government obligations	$ 9,978	$ 24,782
CLOs	207,030	207,147
Equity method investments	75,970	67,130
Total Investments	292,978	299,059
Investments of Consolidated Entities	$ 547,834	$ 544,554

Investments and Fair Value Di_4

Investments and Fair Value Disclosures - Fair Value Option (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($)
Structured Alternative Investment Solution
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Investments Measured at NAV	$ 307,299
Lock Up Period of Certain Investments Measured At NAV	3 years
Investments Measured At NAV Subject To Initial Lock Up Period	$ 154,200
Unfunded Commitments Of Structured Alternative Investment Solution Into Investments Measured At NAV	96,900
Multi-strategy | Structured Alternative Investment Solution
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Investments Measured at NAV	67,514
Opportunistic credit funds | Structured Alternative Investment Solution
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Investments Measured at NAV	$ 231,028
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Redemption Restriction, Percentage	22%
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Redemption Restriction Period	6 years
Real estate | Structured Alternative Investment Solution
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Investments Measured at NAV	$ 8,757
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Redemption Restriction, Percentage	100%
Minimum | Multi-strategy
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Redemption Notice Period	30 days
Redemption Frequency	Quarterly
Minimum | Opportunistic credit funds
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Redemption Notice Period	30 days
Redemption Frequency	Monthly
Minimum | Real estate | Structured Alternative Investment Solution
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Redemption Restriction Period	7 years
Maximum | Multi-strategy
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Redemption Notice Period	90 days
Redemption Frequency	Annually
Maximum | Opportunistic credit funds
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Redemption Notice Period	90 days
Redemption Frequency	Annually
Maximum | Real estate | Structured Alternative Investment Solution
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Redemption Restriction Period	9 years

Investments and Fair Value Di_5

Investments and Fair Value Disclosures - Schedule of Investments Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Mar. 31, 2023		Dec. 31, 2022
Included within investments:
U.S. government obligations	$ 9,978		$ 24,782
CLOs	207,030		207,147
Included within investments of consolidated entities:
U.S. government obligations	9,978		24,782
Investments	292,978		299,059
Warrant liabilities, at fair value	1,082		596
Liabilities, at Fair Value
Warrants	23,989		24,163
CLOs
Included within investments:
Contractual principal on investments in CLOs	209,800		212,000
Fair Value, Measurements, Recurring
Included within cash and cash equivalents:
U.S. government obligations	86,791		19,937
Included within investments:
U.S. government obligations	9,978		24,782
CLOs	207,030	[1]	207,147	[2]
Included within investments of consolidated entities:
U.S. government obligations	9,978		24,782
Liabilities, at Fair Value
Warrants	23,989		24,163
Fair Value, Measurements, Recurring | Consolidated Entities
Included within investments:
U.S. government obligations	240,535		237,964
Included within investments of consolidated entities:
U.S. government obligations	240,535		237,964
Investments Measured at NAV	307,299		306,590
Investments	547,834		544,554
Liabilities, at Fair Value
Warrants	1,082		596
Liabilities of consolidated entities:
Notes payable of consolidated entities	197,813		196,106
Fair Value, Measurements, Recurring | Level I
Included within cash and cash equivalents:
U.S. government obligations	86,791		19,937
Included within investments:
U.S. government obligations	9,978		24,782
CLOs	0	[1]	0	[2]
Included within investments of consolidated entities:
U.S. government obligations	9,978		24,782
Liabilities, at Fair Value
Warrants	0		0
Fair Value, Measurements, Recurring | Level I | Consolidated Entities
Included within investments:
U.S. government obligations	240,535		237,964
Included within investments of consolidated entities:
U.S. government obligations	240,535		237,964
Investments Measured at NAV	0		0
Investments	240,535		237,964
Liabilities, at Fair Value
Warrants	1,082		596
Liabilities of consolidated entities:
Notes payable of consolidated entities	0		0
Fair Value, Measurements, Recurring | Level II
Included within cash and cash equivalents:
U.S. government obligations	0		0
Included within investments:
U.S. government obligations	0		0
CLOs	0	[1]	0	[2]
Included within investments of consolidated entities:
U.S. government obligations	0		0
Liabilities, at Fair Value
Warrants	0		0
Fair Value, Measurements, Recurring | Level II | Consolidated Entities
Included within investments:
U.S. government obligations	0		0
Included within investments of consolidated entities:
U.S. government obligations	0		0
Investments Measured at NAV	0		0
Investments	0		0
Liabilities, at Fair Value
Warrants	0		0
Liabilities of consolidated entities:
Notes payable of consolidated entities	0		0
Fair Value, Measurements, Recurring | Level III
Included within cash and cash equivalents:
U.S. government obligations	0		0
Included within investments:
U.S. government obligations	0		0
CLOs	207,030	[1]	207,147	[2]
Included within investments of consolidated entities:
U.S. government obligations	0		0
Liabilities, at Fair Value
Warrants	23,989		24,163
Fair Value, Measurements, Recurring | Level III | Consolidated Entities
Included within investments:
U.S. government obligations	0		0
Included within investments of consolidated entities:
U.S. government obligations	0		0
Investments Measured at NAV	0		0
Investments	0		0
Liabilities, at Fair Value
Warrants	0		0
Liabilities of consolidated entities:
Notes payable of consolidated entities	197,813		196,106
Fair Value, Measurements, Recurring | NAV
Included within cash and cash equivalents:
U.S. government obligations	0		0
Included within investments:
U.S. government obligations	0		0
CLOs	0		0
Included within investments of consolidated entities:
U.S. government obligations	0		0
Liabilities, at Fair Value
Warrants	0		0
Fair Value, Measurements, Recurring | NAV | Consolidated Entities
Included within investments:
U.S. government obligations	0		0
Included within investments of consolidated entities:
U.S. government obligations	0		0
Investments Measured at NAV	307,299		306,590
Investments	307,299		306,590
Liabilities, at Fair Value
Warrants	0		0
Liabilities of consolidated entities:
Notes payable of consolidated entities	$ 0		$ 0
[1]As of March 31, 2023, investments in CLOs had contractual principal amounts of $209.8 million outstanding, which excludes the Company’s investments in subordinated tranches of the notes, as these do not have contractual principal payments[2]As of December 31, 2022, investments in CLOs had contractual principal amounts of $212.0 million outstanding, which excludes the Company’s investments in subordinated tranches of the notes, as these do not have contractual principal payments

Investments and Fair Value Di_6

Investments and Fair Value Disclosures - Schedule of Changes in Company's Level III Investments (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Warrants
Liabilities, at Fair Value
Beginning balance, Liability	$ 24,163	$ 65,287
Transfers In	0	0
Transfers Out	0	0
Purchases / Issuances	0	0
Investment Sales / Settlements	0	0
Gains / (Losses) Included in Earnings	174	24,336
Gains / (Losses) Included in Other Comprehensive Income	0	0
Ending balance, Liability	23,989	40,951
Warrants | Consolidated Entities
Liabilities, at Fair Value
Beginning balance, Liability		7,590
Transfers In		0
Transfers Out		(3,450)
Purchases / Issuances		0
Investment Sales / Settlements		0
Gains / (Losses) Included in Earnings		4,140
Gains / (Losses) Included in Other Comprehensive Income		0
Ending balance, Liability		0
Notes Payable | Consolidated Entities
Liabilities, at Fair Value
Beginning balance, Liability	196,106	0
Transfers In	0	0
Transfers Out	0	0
Purchases / Issuances	0	215,733
Investment Sales / Settlements	0	0
Gains / (Losses) Included in Earnings	(1,707)	0
Gains / (Losses) Included in Other Comprehensive Income	0	0
Ending balance, Liability	197,813	215,733
CLOs
Assets, at Fair Value
Beginning balance, Asset	207,147	219,510
Transfers In	0	0
Transfers Out	0	0
Purchases / Issuances	0	28,807
Investment Sales / Settlements	(5,361)	(12,347)
Gains / (Losses) Included in Earnings	2,809	(4,519)
Gains / (Losses) Included in Other Comprehensive Income	2,435	(4,899)
Ending balance, Asset	$ 207,030	226,552
Bank Debt | Consolidated Entities
Assets, at Fair Value
Beginning balance, Asset		0
Transfers In		3,603
Transfers Out		(14,666)
Purchases / Issuances		14,633
Investment Sales / Settlements		(3,475)
Gains / (Losses) Included in Earnings		(95)
Gains / (Losses) Included in Other Comprehensive Income		0
Ending balance, Asset		0
Bank Debt | Consolidated Entities
Liabilities, at Fair Value
Transfers Into Level 3 As A Result of Consolidation		2,300
Transfers Out Of Level 3 As A Result of Deconsolidation		$ 14,000

Investments and Fair Value Di_7

Investments and Fair Value Disclosures - Schedule of Net Unrealized Gains (Losses) on Company's Level III Assets and Liabilities (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Warrants
Liabilities, at Fair Value
Fair Value, Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss)	$ 174	$ 24,336
Notes payable | Consolidated Entities
Liabilities, at Fair Value
Fair Value, Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss)	(1,707)	0
CLOs
Assets, at Fair Value
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss)	$ 5,244	$ (9,418)

Investments and Fair Value Di_8

Investments and Fair Value Disclosures - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2023 USD ($) $ / shares	Mar. 31, 2022 USD ($)	Dec. 31, 2022 USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Debt obligations, fair value	$ 98,300,000
Debt obligations, carrying value	119,869,000		$ 124,176,000
Repurchase agreements, fair value	157,700,000
Repurchase agreements, book value	168,931,000		166,632,000
Loans Sold to CLOs Managed by the Company
Loans sold to CLOs	$ 0	$ 0
Risk retention percentage	5%
Fair value of investments in retained interests	$ 77,300,000		$ 78,600,000
Cash flows from retained interests	$ 3,700,000	$ 675,000
Measurement Input, Price Volatility | Shareholders’ Deficit Attributable to Class A Shareholders
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis
Warrants unobservable measurement input | $ / shares	0.5755

Variable Interest Entities - As

Variable Interest Entities - Assets and Liabilities of Funds that are VIEs and Consolidated by Company (Detail) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022
Assets of consolidated entities:
Cash and cash equivalents	$ 12,655	$ 3	$ 343,486
Restricted cash and cash equivalents of consolidated entities	9,906	9,805	$ 234,623
Investments of Consolidated Entities	547,834	544,554
Other assets of consolidated entities	2,241	2,579
Total Assets	1,555,046	1,652,206
Liabilities of consolidated entities:
Other liabilities of consolidated entities	12,917	9,669
Total Liabilities	919,910	1,027,759
Variable Interest Entity, Primary Beneficiary
Liabilities of consolidated entities:
Total Liabilities	202,629	197,707
Variable Interest Entity, Primary Beneficiary | Consolidated Entities
Assets of consolidated entities:
Cash and cash equivalents	12,655	3
Restricted cash and cash equivalents of consolidated entities	9,800	9,805
Investments of Consolidated Entities	307,299	306,590
Other assets of consolidated entities	1,744	2,016
Total Assets	331,498	318,414
Liabilities of consolidated entities:
Notes payable of consolidated entities	197,813	196,106
Other liabilities of consolidated entities	$ 4,816	$ 1,601

Variable Interest Entities - _2

Variable Interest Entities - Assets and Liabilities Related to VIEs that are Not Consolidated (Detail) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Maximum risk of loss as a result of the Company’s involvement with unconsolidated VIEs:
Income and fees receivable	$ 46,439	$ 56,360
Investments of Consolidated Entities	547,834	544,554
Other commitments	200,600
Unfunded Commitments From Employees to VIEs	79,100	65,400
Variable Interest Entity, Not Primary Beneficiary
Variable Interest Entity [Line Items]
Net assets of unconsolidated VIEs in which the Company has a variable interest	12,215,434	12,738,164
Maximum risk of loss as a result of the Company’s involvement with unconsolidated VIEs:
Unearned income and fees	45,504	53,869
Income and fees receivable	34,711	41,890
Investments	246,366	245,583
Investments of Consolidated Entities	239,785	237,699
Other commitments	200,529	182,797
Maximum Exposure to Loss	$ 766,895	$ 761,838

Leases - Lease Cost (Detail)

Leases - Lease Cost (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Leases [Abstract]
Lease collateral	$ 6,200
Operating lease cost	4,605	$ 4,708
Short-term lease cost	22	10
Finance lease cost - amortization of leased assets	99	92
Finance lease cost - imputed interest on lease liabilities	15	3
Less: Sublease income	(797)	(830)
Net Lease Cost	$ 3,944	$ 3,983

Leases - Supplemental Lease Cas

Leases - Supplemental Lease Cash Flow Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Leases [Abstract]
Operating cash flows for operating leases	$ 5,215	$ 5,326
Operating cash flows for finance leases	5	0
Finance cash flows for finance leases	223	163
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 0	$ 1,079

Leases - Lease Term and Discoun

Leases - Lease Term and Discount Rate (Detail)	Mar. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Operating Lease, Weighted Average Remaining Lease Term	6 years 6 months	6 years 8 months 12 days
Finance Lease, Weighted Average Remaining Lease Term	4 years 3 months 18 days	4 years 6 months
Operating Lease, Weighted Average Discount Rate, Percent	7.80%	7.80%
Finance Lease, Weighted Average Discount Rate, Percent	7.90%	7.90%

Leases - Maturity of Lease Liab

Leases - Maturity of Lease Liabilities (Detail) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Operating Leases
April 1, 2023 to December 31, 2023	$ 14,968
2024	16,527
2025	14,328
2026	15,353
2027	17,675
Thereafter	35,015
Total Lease Payments	113,866
Imputed interest	(25,265)
Operating lease liabilities	88,601	$ 92,045
Finance Leases
April 1, 2023 to December 31, 2023	0
2024	228
2025	228
2026	228
2027	228
Thereafter	0
Total Lease Payments	912
Imputed interest	(146)
Finance lease liabilities	766
Lessor, Lease, Description [Line Items]
April 1, 2023 to December 31, 2023	2,223
2024	1,920
2025	1,920
2026	1,920
2027	1,960
Thereafter	4,160
Total Sublease Rent - Contractual Payments to be Received	$ 14,103

Debt Obligations and Warrants -

Debt Obligations and Warrants - Schedule of Debt Principal Payments (Detail) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Maturity of Debt Obligations
2024	$ 0
2025	0
2026	0
2027	95,000
2028	0
Thereafter	36,186
Outstanding debt balance	131,186
Unamortized discounts & deferred financing costs	(11,317)
Debt obligations	119,869	$ 124,176
Long-Term Debt, Maturity, Remainder of Fiscal Year	0
2020 Term Loan
Maturity of Debt Obligations
2024	0
2025	0
2026	0
2027	95,000
2028	0
Thereafter	0
Outstanding debt balance	95,000
Unamortized discounts & deferred financing costs	(11,126)
Debt obligations	83,874		$ 275,800
Long-Term Debt, Maturity, Remainder of Fiscal Year	0
CLO Investments Loans
Maturity of Debt Obligations
2024	0
2025	0
2026	0
2027	0
2028	0
Thereafter	36,186
Outstanding debt balance	36,186
Unamortized discounts & deferred financing costs	(191)
Debt obligations	35,995	$ 40,714
Long-Term Debt, Maturity, Remainder of Fiscal Year	$ 0

Debt Obligations and Warrants_2

Debt Obligations and Warrants - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended		12 Months Ended
	Mar. 31, 2023	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2022	Mar. 31, 2022
Debt Instruments and Warrants [Line Items]
Debt obligations	$ 119,869					$ 124,176
Outstanding debt balance	$ 131,186
Warrants, Term	10 years
Warrants, Exercise price	$ 8.01			$ 11.93
Warrants outstanding	4,338,015
Investments	$ 292,978					299,059
Notes payable, at fair value	197,813					196,106
Warrant liabilities, at fair value	1,082					596
Investments	292,978					$ 299,059
Structured Alternative Investment Solution
Debt Instruments and Warrants [Line Items]
Investments	128,000						$ 127,800
Notes payable, at fair value	197,800
Investments	$ 128,000						127,800
Structured Alternative Investment Solution
Debt Instruments and Warrants [Line Items]
Undrawn commitment fee	1.15%
Line of Credit Facility, Commitment Fee Amount	$ 52,500
Line of Credit Facility, Maximum Amount Outstanding During Period	$ 20,000
Line of Credit Facility, Interest Rate at Period End	3%
Notes payable, at fair value	$ 350,000						$ 350,000
Class A Shares
Debt Instruments and Warrants [Line Items]
Warrants, Number of shares issuable	4,338,015
Common stock, shares outstanding (in shares)	24,970,157			25,668,987		23,707,228	26,052,113
Sculptor Acquisition Corp I | SPAC
Debt Instruments and Warrants [Line Items]
Warrants, Term	5 years
Warrants, Exercise price						$ 11.50
Warrants outstanding	11,500,000
Warrant liabilities, at fair value	$ 1,100
Sculptor Acquisition Corp I | Management Company
Debt Instruments and Warrants [Line Items]
Warrants outstanding	11,200,000
2020 Term Loan
Debt Instruments and Warrants [Line Items]
Debt Instrument, Face Amount				$ 320,000
Debt obligations	$ 83,874			275,800
Call Premium due in addition to make-whole premium on prepayment occurring prior to second anniversary of Closing Date	3%
Call Premium on prepayment occurring on or after second anniversary, but prior to third anniversary of Closing Date	3%
Call Premium on prepayment occurring on or after fourth anniversary of Closing Date	0%
Call Premium on prepayment occurring on or after third anniversary, but prior to fourth anniversary of Closing Date	2%
Repayment Of Debt Amount For Which Prepayment Premium Is Not Charged - Beginning Of Range	$ 175,000
Amount Of Debt Prepayment For Which Prepayment Premium Is Not Charged, As Amended	225,000
Unamortized Loan Commitment and Origination Fees and Unamortized Discounts or Premiums	1,750
Outstanding debt balance	95,000
Net losses on retirement of debt		$ 30,200
Minimum amount of fee-paying assets under management covenant	$ 20,000,000
2020 Revolving Credit Facility
Debt Instruments and Warrants [Line Items]
Repurchase agreements credit facility borrowing capacity				25,000
Repayments of Debt			$ 175,000	$ 224,400	$ 225,000
Undrawn commitment fee	0.50%
CLO Investments Loans
Debt Instruments and Warrants [Line Items]
Debt obligations	$ 35,995					$ 40,714
Outstanding debt balance	36,186
Collateral on CLO Investments Loans	37,800					$ 40,000
Class A Notes | Structured Alternative Investment Solution
Debt Instruments and Warrants [Line Items]
Investments	20,000
Investments	20,000
Subordinated Notes | Structured Alternative Investment Solution
Debt Instruments and Warrants [Line Items]
Investments	87,800
Investments	87,800
Class C Notes | Structured Alternative Investment Solution
Debt Instruments and Warrants [Line Items]
Investments	20,000
Investments	$ 20,000
SOFR | 2020 Term Loan
Debt Instruments and Warrants [Line Items]
Debt Instrument, Floor on Variable Rate	0.75%
Debt Instrument, Basis Spread on Variable Rate	6.25%
Three or Six Months SOFR | 2020 Term Loan
Debt Instruments and Warrants [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.10%
One Month SOFR | 2020 Term Loan
Debt Instruments and Warrants [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.05%

Debt Obligations and Warrants_3

Debt Obligations and Warrants - Notes Payable (Details) - Structured Alternative Investment Solution - USD ($) $ in Thousands	May 31, 2029	May 31, 2028	May 31, 2025	Mar. 31, 2023
Class A Notes | Senior Secured
Debt Instruments and Warrants [Line Items]
Debt Instrument, Face Amount				$ 140,000
Debt Instrument, Interest Rate, Stated Percentage				4.25%
Class A Notes | Senior Secured | Interest Rate After Step Up
Debt Instruments and Warrants [Line Items]
Debt Instrument, Interest Rate, Stated Percentage		6.25%
Class B Notes | Senior Secured
Debt Instruments and Warrants [Line Items]
Debt Instrument, Face Amount				$ 70,000
Debt Instrument, Interest Rate, Stated Percentage				6%
Class B Notes | Senior Secured | Interest Rate After Step Up
Debt Instruments and Warrants [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	8%
Class C Notes | Mezzanine Secured
Debt Instruments and Warrants [Line Items]
Debt Instrument, Face Amount				$ 35,000
Debt Instrument, Interest Rate, Stated Percentage				6.75%
Class C Notes | Mezzanine Secured | Interest Rate After Step Up
Debt Instruments and Warrants [Line Items]
Debt Instrument, Interest Rate, Stated Percentage			9.50%
Subordinated Notes | Unsecured
Debt Instruments and Warrants [Line Items]
Debt Instrument, Face Amount				$ 105,000

Debt Obligations and Warrants_4

Debt Obligations and Warrants - Schedule of CLO Investments Loans (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Debt Instruments and Warrants [Line Items]
Debt obligations	$ 119,869	$ 124,176
CLO Investments Loans
Debt Instruments and Warrants [Line Items]
Debt obligations	$ 35,995	40,714
CLO Investments Loans | June 07, 2017
Debt Instruments and Warrants [Line Items]
Maturity date	Nov. 16, 2029
Debt obligations	$ 15,610	16,835
CLO Investments Loans | June 07, 2017 | LIBOR
Debt Instruments and Warrants [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.48%
CLO Investments Loans | August 02, 2017
Debt Instruments and Warrants [Line Items]
Maturity date	Jan. 21, 2030
Debt obligations	$ 20,385	21,594
CLO Investments Loans | August 02, 2017 | LIBOR
Debt Instruments and Warrants [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.41%
CLO Investments Loans | January 19, 2022 - CLO Loan
Debt Instruments and Warrants [Line Items]
Maturity date	Dec. 15, 2023
Debt obligations	$ 0	$ 2,285
CLO Investments Loans | January 19, 2022 - CLO Loan | EURIBOR
Debt Instruments and Warrants [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.50%

Securities Sold under Agreeme_3

Securities Sold under Agreements to Repurchase - Additional Details (Details) - Repurchase agreements credit facility € in Millions	Mar. 31, 2023 EUR (€)
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Repurchase agreements credit facility borrowing capacity	€ 200
Repurchase agreements credit facility undrawn balance	€ 43.2

Securities Sold under Agreeme_4

Securities Sold under Agreements to Repurchase - Balance Sheet Offsetting (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Transfers and Servicing of Financial Assets [Abstract]
Gross Amounts of Recognized Liabilities	$ 168,931	$ 166,632
Gross Amounts Offset in the Consolidated Balance Sheet	0	0
Net Amounts of Liabilities in the Consolidated Balance Sheet	168,931	166,632
Securities Transferred	161,424	157,107
Net Amount	$ 7,507	$ 9,525

Securities Sold under Agreeme_5

Securities Sold under Agreements to Repurchase - Remaining Maturities (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Net Amounts of Liabilities in the Consolidated Balance Sheet	$ 168,931	$ 166,632
Overnight and Continuous
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Net Amounts of Liabilities in the Consolidated Balance Sheet	0	0
Up to 30 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Net Amounts of Liabilities in the Consolidated Balance Sheet	0	0
30-90 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Net Amounts of Liabilities in the Consolidated Balance Sheet	0	0
Greater Than 90 Days
Transfer of Certain Financial Assets Accounted for as Secured Borrowings [Line Items]
Net Amounts of Liabilities in the Consolidated Balance Sheet	$ 168,931	$ 166,632

Other Assets, Net - Components

Other Assets, Net - Components of Other Assets (Detail) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Other Assets Disclosure [Abstract]
Leasehold improvements	$ 47,736	$ 47,736
Computer hardware and software	44,653	44,603
Furniture, fixtures and equipment	8,013	8,013
Accumulated depreciation and amortization	(80,433)	(79,390)
Fixed assets, net	19,969	20,962
Goodwill	22,691	22,691
Prepaid expenses	14,668	16,698
Cloud computing costs	11,176	9,940
Redemption receivable(1)	672	28,721
Other	10,072	7,430
Other Assets, Total	$ 79,248	$ 106,442

Other Liabilities - Components

Other Liabilities - Components of Other Liabilities (Detail) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Other Liabilities Disclosure [Abstract]
Accrued expenses	$ 23,185	$ 20,925
Uncertain tax positions	8,250	8,250
Due to funds	3,488	3,854
Other	9,931	10,020
Total Other Liabilities	$ 44,854	$ 43,049

Revenues - Management Fees and

Revenues - Management Fees and Incentive Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Management fees
Disaggregation of Revenue [Line Items]
Investment management revenues	$ 63,708	$ 73,437
Incentive income
Disaggregation of Revenue [Line Items]
Investment management revenues	40,286	21,642
Multi-Strategy Funds | Management fees
Disaggregation of Revenue [Line Items]
Investment management revenues	30,882	39,980
Multi-Strategy Funds | Incentive income
Disaggregation of Revenue [Line Items]
Investment management revenues	316	955
Opportunistic credit funds | Management fees
Disaggregation of Revenue [Line Items]
Investment management revenues	12,536	12,824
Opportunistic credit funds | Incentive income
Disaggregation of Revenue [Line Items]
Investment management revenues	10,819	19,803
Institutional Credit Strategies | Management fees
Disaggregation of Revenue [Line Items]
Investment management revenues	11,467	11,583
Institutional Credit Strategies | Incentive income
Disaggregation of Revenue [Line Items]
Investment management revenues	0	0
Real estate funds | Management fees
Disaggregation of Revenue [Line Items]
Investment management revenues	8,823	9,050
Real estate funds | Incentive income
Disaggregation of Revenue [Line Items]
Investment management revenues	$ 29,151	$ 884

Revenues - Income and Fees Rece

Revenues - Income and Fees Receivable (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Income and Fees Receivable [Line Items]
Income and fees receivable	$ 46,439	$ 56,360
Management fees
Income and Fees Receivable [Line Items]
Income and fees receivable	24,591	25,402
Incentive income
Income and Fees Receivable [Line Items]
Income and fees receivable	$ 21,848	$ 30,958

Revenues - Unearned Income and

Revenues - Unearned Income and Fees (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Unearned Income and Fees [Line Items]
Unearned income and fees	$ 45,504	$ 53,869
Management fees
Unearned Income and Fees [Line Items]
Unearned income and fees	2	2
Incentive income
Unearned Income and Fees [Line Items]
Unearned income and fees	$ 45,502	$ 53,867

Revenues - Additional Details (

Revenues - Additional Details (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Disaggregation of Revenue [Line Items]
Revenues	$ 113,235	$ 97,348
Incentive income
Disaggregation of Revenue [Line Items]
Unearned incentive recognized of the beginning unearned balance	25,800	3,900
Investment management revenues	40,286	21,642
Management fees
Disaggregation of Revenue [Line Items]
Investment management revenues	$ 63,708	$ 73,437

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Statutory U.S. Federal Income Tax Rate (Detail)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Statutory U.S. federal income tax rate	21%	21%
Loss passed through to noncontrolling interests	3.70%	15.83%
Foreign income taxes	10.05%	4.37%
RSU excess income tax benefit or expense	9.17%	(11.53%)
State and local income taxes	17.51%	33.50%
Nondeductible amortization of Partner Equity Units	3.94%	19.81%
Foreign tax credits and deductions	(2.11%)	(0.92%)
Change in fair value of warrants	(0.61%)	(36.60%)
Disallowed executive compensation	8.09%	13.41%
Other, net	1.23%	(0.04%)
Effective Income Tax Rate	71.97%	58.83%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Operating Loss Carryforwards
Unrecognized Tax Benefits	$ 8.3	$ 8.3
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$ 4.8

General, Administrative and O_3

General, Administrative and Other - Components of General, Administrative and Other Expenses (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Other Income and Expenses [Abstract]
Professional services	$ 11,656	$ 5,464
Occupancy and equipment	6,699	7,090
Information processing and communications	5,650	5,026
Recurring placement and related service fees	3,626	5,249
Insurance	2,317	2,207
Business development	1,036	498
Other expenses	2,811	1,782
Total General, Administrative and Other	$ 33,795	$ 27,316

Earnings (Loss) Per Class A S_3

Earnings (Loss) Per Class A Share - Additional Information (Detail) - shares	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
RSUs
Earnings Per Share [Line Items]
Vested RSUs included in weighted-average Class A Shares outstanding	203,677	186,944

Loss Per Class A Share - Comput

Loss Per Class A Share - Computation of Basic and Diluted Earnings (Loss) Per Class A Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Earnings Per Share [Line Items]
Net Income (Loss) Attributable to Class A Shareholders	$ 8,492	$ 16,882
Net Income (Loss) Attributable to Class A Shareholders, Diluted	$ 2,665	$ (12,873)
Weighted-average Class A Shares outstanding - basic	25,173,834	26,596,572
Weighted-average Class A Shares outstanding - diluted	53,633,608	43,693,932
Earnings per Class A Share - basic	$ 0.34	$ 0.63
Earnings per Class A Share - diluted	$ 0.05	$ (0.29)
Group A Units
Earnings Per Share [Line Items]
Net Income (Loss) Attributable to Class A Shareholders, Effect of dilutive securities	$ (5,681)	$ (9,115)
Weighted-Average Class A Shares Outstanding, Effect of dilutive securities (in shares)	15,025,994	15,025,994
Number of Antidilutive Units and Warrants Excluded from Diluted Calculation	0	0
Group E Units
Earnings Per Share [Line Items]
Net Income (Loss) Attributable to Class A Shareholders, Effect of dilutive securities	$ 0	$ 0
Weighted-Average Class A Shares Outstanding, Effect of dilutive securities (in shares)	12,966,518	0
Number of Antidilutive Units and Warrants Excluded from Diluted Calculation	0	13,009,156
RSUs
Earnings Per Share [Line Items]
Net Income (Loss) Attributable to Class A Shareholders, Effect of dilutive securities	$ 0	$ 0
Weighted-Average Class A Shares Outstanding, Effect of dilutive securities (in shares)	0	0
Number of Antidilutive Units and Warrants Excluded from Diluted Calculation	2,074,695	2,508,983
Restricted Class A Shares (“RSAs”)
Earnings Per Share [Line Items]
Net Income (Loss) Attributable to Class A Shareholders, Effect of dilutive securities	$ 0	$ 0
Weighted-Average Class A Shares Outstanding, Effect of dilutive securities (in shares)	0	0
Number of Antidilutive Units and Warrants Excluded from Diluted Calculation	1,072,269	1,046,989
Warrants
Earnings Per Share [Line Items]
Net Income (Loss) Attributable to Class A Shareholders, Effect of dilutive securities	$ (146)	$ (20,639)
Weighted-Average Class A Shares Outstanding, Effect of dilutive securities (in shares)	467,262	2,071,366
Number of Antidilutive Units and Warrants Excluded from Diluted Calculation	0	0

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($) $ in Thousands		3 Months Ended
	Apr. 03, 2023	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Related Party Transaction [Line Items]
Tax receivable agreement liability		$ 190,188		$ 190,245
Purchase of warrants from the consolidated SPAC, eliminated in consolidation		0	$ 13,992
Notes payable, at fair value		197,813		196,106
Investments		292,978		299,059
Structured Alternative Investment Solution
Related Party Transaction [Line Items]
Notes payable, at fair value		350,000	350,000
Payments Under Tax Receivable Agreement
Related Party Transaction [Line Items]
Tax receivable agreement liability		190,200
Payments under Tax Receivable Agreement			16,900
Payments Under Tax Receivable Agreement | Subsequent Event
Related Party Transaction [Line Items]
Payments under Tax Receivable Agreement	$ 17,400
Executive Managing Directors, Employees and Other Related Parties | Payments Under Tax Receivable Agreement
Related Party Transaction [Line Items]
Tax receivable agreement liability		72,200
Payments under Tax Receivable Agreement			$ 7,400
Executive Managing Directors, Employees and Other Related Parties | Payments Under Tax Receivable Agreement | Subsequent Event
Related Party Transaction [Line Items]
Payments under Tax Receivable Agreement	$ 7,700
Executive Managing Directors, Employees and Other Related Parties | Amount of Related Party Assets Under Management
Related Party Transaction [Line Items]
Assets under management		$ 863,200		$ 906,600
Executive Managing Directors, Employees and Other Related Parties | Percent of Related Party Assets Under Management Not Charged Fees
Related Party Transaction [Line Items]
Percent of assets under management not charged management and incentive fees		41%		43%
SPAC
Related Party Transaction [Line Items]
Purchase of warrants from the consolidated SPAC, eliminated in consolidation		$ 11,200

Related Party Transactions - Ma

Related Party Transactions - Management Fees and Incentive Income Earned from Related Parties and Waived Fees (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Management fees
Related Party Transaction [Line Items]
Investment management revenues	$ 63,708	$ 73,437
Incentive income
Related Party Transaction [Line Items]
Investment management revenues	40,286	21,642
Fees charged on investments held by related parties: | Management fees | Executive Managing Directors, Employees and Other Related Parties
Related Party Transaction [Line Items]
Investment management revenues	930	839
Fees charged on investments held by related parties: | Incentive income | Executive Managing Directors, Employees and Other Related Parties
Related Party Transaction [Line Items]
Investment management revenues	$ 908	$ 498

Commitments and Contingencies -

Commitments and Contingencies - Estimated Potential Payments Under Tax Receivable Agreement (Detail) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Potential Payments Under Tax Receivable Agreement
2024	$ 18,010
2025	3,383
2026	51,408
2027	34,991
Thereafter	64,974
Total Payments	190,188	$ 190,245
Tax Receivable Agreement Future Maximum Payments Due Remainder Of The Year	$ 17,422

Commitments and Contingencies_2

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Dec. 31, 2018
Loss Contingencies [Line Items]
Percentage of tax savings to be paid under tax receivable agreement			85%
Percentage of tax savings to be paid under tax receivable agreement to remaining EMDs and Ziffs	69%
Tax receivable agreement liability	$ 190,188	$ 190,245
Unfunded capital commitments of the Company to funds managed	200,600
Director
Loss Contingencies [Line Items]
Unfunded capital commitments of the Company to funds managed	79,100
Consolidated Entities
Loss Contingencies [Line Items]
Unfunded capital commitments of the Company to funds managed	103,700
Structured Alternative Investment Solution
Loss Contingencies [Line Items]
Unfunded capital commitments of the Company to funds managed	$ 96,900
Tax Year 2018
Loss Contingencies [Line Items]
Percentage of tax savings to be paid under tax receivable agreement	85%
Tax Year 2019
Loss Contingencies [Line Items]
Percentage of tax savings to be paid under tax receivable agreement	75%

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - Subsequent Event	May 04, 2023 $ / shares
Subsequent Event [Line Items]
Dividends announcement date	May 04, 2023
Cash dividend (in dollars per share)	$ 0.06
Dividends payable date	May 23, 2023
Dividends record date	May 16, 2023