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INVESTMENTS
 3 Months Ended
Mar. 31, 2025
Investments in and Advances to Affiliates [Abstract]  
INVESTMENTS
5. INVESTMENTS

The following table summarizes the Company’s investments:
As ofPercentage of total investments as of
March 31,December 31,March 31,December 31,
2025202420252024
Equity method investments:
Equity method - carried interest
$3,557,277 $3,495,115 72.7%75.2%
Equity method private investment partnership interests - principal604,691 536,912 12.411.6
Equity method private investment partnership interests and other (held at fair value)426,613 411,417 8.78.9
Equity method private investment partnership interests and other66,896 55,461 1.41.2
Total equity method investments4,655,477 4,498,905 95.296.9
Collateralized loan obligations18,492 19,040 0.40.4
Fixed income securities170 22,793 —0.5
Collateralized loan obligations and fixed income securities, at fair value18,662 41,833 0.40.9
Common stock, at fair value218,150 104,037 4.52.2
Total investments$4,892,289 $4,644,775 

Equity Method Investments

The Company’s equity method investments include investments that are not consolidated but over which the Company exerts significant influence. The Company evaluates each of its equity method investments to determine if any were significant as defined by guidance from the SEC. As of and for the three months ended March 31, 2025 and 2024, no individual equity method investment held by the Company met the significance criteria.

The following table presents the Company’s share of other income, net from its equity method investments, which were included within principal investment income, net realized and unrealized gains on investments, and interest and dividend income within the Condensed Consolidated Statements of Operations:
Three months ended March 31,
20252024
Total other income, net related to equity method investments
$30,964 $10,127 

With respect to the Company’s equity method investments, the material assets are expected to generate either long term capital appreciation and/or interest income, the material liabilities are debt instruments collateralized by, or related to, the financing of the assets and net income is materially comprised of the changes in fair value of these net assets.

Equity Method Investments Held at Fair Value

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 on investments within the Condensed Consolidated Statements of Operations:
Three months ended March 31,
20252024
Equity method private investment partnership interests and other (held at fair value)$4,281 $2,479 
Investments of the Consolidated Funds

The following table summarizes investments held in the Consolidated Funds:
Fair Value as ofPercentage of total investments as of
March 31,December 31,March 31,December 31,
2025202420252024
Fixed income investments:
Loans and securitization vehicles$6,880,718 $7,907,449 57.4%62.1%
Money market funds and U.S. treasury securities556,498 550,800 4.64.3
Bonds344,140 418,069 2.93.3
Total fixed income investments7,781,356 8,876,318 64.969.7
Partnership interests2,318,557 2,000,380 19.415.7
Equity securities1,876,393 1,861,146 15.714.6
Total investments, at fair value$11,976,306 $12,737,844 
As of March 31, 2025 and December 31, 2024, no single issuer or investment, including derivative instruments and underlying portfolio investments of the Consolidated Funds, had a fair value that exceeded 5.0% of the Company’s total assets.