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INVESTMENTS (Tables) | 9 Months Ended
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Sep. 30, 2024
Investments in and Advances to Affiliates [Abstract] |
Schedule of Investments Held | The following table summarizes the Company’s investments:
| As of |  | Percentage of total investments as of
| September 30, |  | December 31, |  | September 30, |  | December 31,
| 2024 |  | 2023 |  | 2024 |  | 2023
Equity method investments: |  |  |  |  |  |  |
Equity method - carried interest | $ | 3,486,892 |  |  | $ | 3,413,007 |  |  | 74.4% |  | 73.8%
Equity method private investment partnership interests - principal | 555,390 |  |  | 535,292 |  |  | 11.8 |  | 11.6
Equity method private investment partnership interests and other (held at fair value) | 379,408 |  |  | 418,778 |  |  | 8.1 |  | 9.0
Equity method private investment partnership interests and other | 58,215 |  |  | 44,989 |  |  | 1.2 |  | 1.0
Total equity method investments | 4,479,905 |  |  | 4,412,066 |  |  | 95.5 |  | 95.4
Collateralized loan obligations | 20,601 |  |  | 20,799 |  |  | 0.4 |  | 0.4
Fixed income securities | 89,392 |  |  | 105,495 |  |  | 1.9 |  | 2.3
Collateralized loan obligations and fixed income securities, at fair value | 109,993 |  |  | 126,294 |  |  | 2.3 |  | 2.7
Common stock, at fair value | 102,622 |  |  | 86,572 |  |  | 2.2 |  | 1.9
Total investments | $ | 4,692,520 |  |  | $ | 4,624,932 |  |  |  |  |
The following table summarizes investments held in the Consolidated Funds:
| Fair Value as of |  | Percentage of total investments as of
| September 30, |  | December 31, |  | September 30, |  | December 31,
| 2024 |  | 2023 |  | 2024 |  | 2023
Fixed income investments: |  |  |  |  |  |  |
Loans and securitization vehicles | $ | 9,120,015 |  |  | $ | 10,616,458 |  |  | 65.8% |  | 72.7%
Money market funds and U.S. treasury securities | 544,254 |  |  | 523,038 |  |  | 3.9 |  | 3.6
Bonds | 486,781 |  |  | 578,949 |  |  | 3.5 |  | 4.0
Total fixed income investments | 10,151,050 |  |  | 11,718,445 |  |  | 73.2 |  | 80.3
Partnership interests | 1,934,868 |  |  | 1,642,489 |  |  | 14.0 |  | 11.2
Equity securities | 1,768,434 |  |  | 1,240,653 |  |  | 12.8 |  | 8.5
Total investments, at fair value | $ | 13,854,352 |  |  | $ | 14,601,587 |  |  |  |  |
Schedule of Equity Method Investments | The following table presents the Company’s other income, net from its equity method investments, which were included within principal investment income, net realized and unrealized gains (losses) on investments, and interest and dividend income within the Condensed Consolidated Statements of Operations:
|  | Three months ended September 30, |  | Nine months ended September 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023 |  |
Total other income, net related to equity method investments |  | $ | 8,093 |  |  | $ | 1,845 |  |  | $ | 51,633 |  |  | $ | 34,900 |  |  |
The following table summarizes the changes in fair value of the Company’s equity method investments held at fair value, which are included within net realized and unrealized gains (losses) on investments within the Condensed Consolidated Statements of Operations:
| Three months ended September 30, |  | Nine months ended September 30,
| 2024 |  | 2023 |  | 2024 |  | 2023 |  |
Equity method private investment partnership interests and other (held at fair value) | $ | (5,542) |  |  | $ | (7,462) |  |  | $ | (3,494) |  |  | $ | (1,426) |  |  |

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481687/323-10-50-3 + Details
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