v2.4.0.8

INVESTMENTS (Tables) | 12 Months Ended
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Dec. 31, 2013
Investments | Investments consist of the following:
|  | December 31, |
|  | 2013 |  |  | 2012 |
Investments of Consolidated Blackstone Funds |  | $ | 12,521,248 |  |  | $ | 14,026,745 |
Equity Method Investments |  |  | 3,309,879 |  |  |  | 2,582,504 |
Blackstone’s Treasury Cash Management Strategies |  |  | 1,104,800 |  |  |  | 1,411,680 |
Performance Fees |  |  | 4,674,792 |  |  |  | 2,780,217 |
Other Investments |  |  | 118,804 |  |  |  | 46,124 |
|  | $ | 21,729,523 |  |  | $ | 20,847,270 |
Reconciliation of Realized and Net Change in Unrealized Gains (Losses) to Other Income - Net Gains from Fund Investment Activities in Condensed Consolidated Statements of Operations | The following table presents the Realized and Net Change in Unrealized Gains (Losses) on investments held by the consolidated Blackstone Funds and a reconciliation to Other Income—Net Gains from Fund Investment Activities in the Consolidated Statements of Operations:
|  | Year Ended December 31, |
|  | 2013 |  |  | 2012 |  |  | 2011 |
Realized Gains (Losses) |  | $ | 205,741 |  |  | $ | (3,502 | ) |  | $ | 226,427 |
Net Change in Unrealized Gains (Losses) |  |  | (26,800 | ) |  |  | 58,602 |  |  |  | (308,364 | )
Realized and Net Change in Unrealized Gains (Losses) from Blackstone Funds |  |  | 178,941 |  |  |  | 55,100 |  |  |  | (81,937 | )
Interest and Dividend Revenue Attributable to Consolidated Blackstone Funds |  |  | 202,723 |  |  |  | 201,045 |  |  |  | 96,872 |
Other Income—Net Gains from Fund Investment Activities |  | $ | 381,664 |  |  | $ | 256,145 |  |  | $ | 14,935 |
Summarized Financial Information of Partnership's Equity Method Investments | The summarized financial information of the Partnership’s equity method investments for December 31, 2013 are as follows:
|  | December 31, 2013 and the Year Then Ended |
|  | Private Equity |  |  | Real Estate |  |  | Hedge Fund Solutions |  |  | Credit |  |  | Other (a) |  |  | Total |
Statement of Financial Condition |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investments |  | $ | 35,516,755 |  |  | $ | 57,053,881 |  |  | $ | 11,529,163 |  |  | $ | 12,150,918 |  |  | $ | 26,839 |  |  | $ | 116,277,556 |
Other Assets |  |  | 389,265 |  |  |  | 3,441,977 |  |  |  | 1,114,404 |  |  |  | 2,678,742 |  |  |  | 128,826 |  |  |  | 7,753,214 |
Total Assets |  | $ | 35,906,020 |  |  | $ | 60,495,858 |  |  | $ | 12,643,567 |  |  | $ | 14,829,660 |  |  | $ | 155,665 |  |  | $ | 124,030,770 |
Liabilities and Partners’ Capital |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt |  | $ | 1,691,018 |  |  | $ | 3,013,762 |  |  | $ | 63,830 |  |  | $ | 1,165,405 |  |  | $ | 967 |  |  | $ | 5,934,982 |
Other Liabilities |  |  | 54,909 |  |  |  | 886,445 |  |  |  | 689,964 |  |  |  | 1,131,557 |  |  |  | 14,222 |  |  |  | 2,777,097 |
Total Liabilities |  |  | 1,745,927 |  |  |  | 3,900,207 |  |  |  | 753,794 |  |  |  | 2,296,962 |  |  |  | 15,189 |  |  |  | 8,712,079 |
Partners’ Capital |  |  | 34,160,093 |  |  |  | 56,595,651 |  |  |  | 11,889,773 |  |  |  | 12,532,698 |  |  |  | 140,476 |  |  |  | 115,318,691 |
Total Liabilities and Partners’ Capital |  | $ | 35,906,020 |  |  | $ | 60,495,858 |  |  | $ | 12,643,567 |  |  | $ | 14,829,660 |  |  | $ | 155,665 |  |  | $ | 124,030,770 |
Statement of Operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest Income |  | $ | 294,171 |  |  | $ | 140,879 |  |  | $ | 224 |  |  | $ | 630,902 |  |  | $ | 4 |  |  | $ | 1,066,180 |
Other Income |  |  | 10,580 |  |  |  | 752,184 |  |  |  | 89,632 |  |  |  | 30,937 |  |  |  | 101,214 |  |  |  | 984,547 |
Interest Expense |  |  | (37,846 | ) |  |  | (51,544 | ) |  |  | (310 | ) |  |  | (68,973 | ) |  |  | — |  |  |  | (158,673 | )
Other Expenses |  |  | (88,957 | ) |  |  | (108,580 | ) |  |  | (71,326 | ) |  |  | (105,706 | ) |  |  | (65,197 | ) |  |  | (439,766 | )
Net Realized and Unrealized Gain from Investments |  |  | 9,002,197 |  |  |  | 13,225,141 |  |  |  | 1,127,173 |  |  |  | 1,979,078 |  |  |  | 2,944 |  |  |  | 25,336,533 |
Net Income |  | $ | 9,180,145 |  |  | $ | 13,958,080 |  |  | $ | 1,145,393 |  |  | $ | 2,466,238 |  |  | $ | 38,965 |  |  | $ | 26,788,821 |
(a) | Other represents the summarized financial information of equity method investments whose results, for segment reporting purposes, have been allocated across more than one of Blackstone’s segments.
The summarized financial information of the Partnership’s equity method investments for December 31, 2012 are as follows:
|  | December 31, 2012 and the Year Then Ended |
|  | Private Equity |  |  | Real Estate |  |  | Hedge Fund Solutions |  |  | Credit |  |  | Other (a) |  |  | Total |
Statement of Financial Condition |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investments |  | $ | 31,308,915 |  |  | $ | 40,230,098 |  |  | $ | 8,193,041 |  |  | $ | 11,066,214 |  |  | $ | 22,345 |  |  | $ | 90,820,613 |
Other Assets |  |  | 1,289,961 |  |  |  | 1,714,990 |  |  |  | 1,173,627 |  |  |  | 2,516,388 |  |  |  | 46,178 |  |  |  | 6,741,144 |
Total Assets |  | $ | 32,598,876 |  |  | $ | 41,945,088 |  |  | $ | 9,366,668 |  |  | $ | 13,582,602 |  |  | $ | 68,523 |  |  | $ | 97,561,757 |
Liabilities and Partners’ Capital |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt |  | $ | 1,478,929 |  |  | $ | 1,336,305 |  |  | $ | 65,103 |  |  | $ | 1,043,595 |  |  | $ | 972 |  |  | $ | 3,924,904 |
Other Liabilities |  |  | 91,519 |  |  |  | 703,412 |  |  |  | 642,925 |  |  |  | 1,401,910 |  |  |  | 20,192 |  |  |  | 2,859,958 |
Total Liabilities |  |  | 1,570,448 |  |  |  | 2,039,717 |  |  |  | 708,028 |  |  |  | 2,445,505 |  |  |  | 21,164 |  |  |  | 6,784,862 |
Partners’ Capital |  |  | 31,028,428 |  |  |  | 39,905,371 |  |  |  | 8,658,640 |  |  |  | 11,137,097 |  |  |  | 47,359 |  |  |  | 90,776,895 |
Total Liabilities and Partners’ Capital |  | $ | 32,598,876 |  |  | $ | 41,945,088 |  |  | $ | 9,366,668 |  |  | $ | 13,582,602 |  |  | $ | 68,523 |  |  | $ | 97,561,757 |
Statement of Operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest Income |  | $ | 350,153 |  |  | $ | 128,624 |  |  | $ | 194 |  |  | $ | 712,490 |  |  | $ | — |  |  | $ | 1,191,461 |
Other Income |  |  | 13,255 |  |  |  | 294,105 |  |  |  | 36,797 |  |  |  | 7,283 |  |  |  | 76,809 |  |  |  | 428,249 |
Interest Expense |  |  | (23,060 | ) |  |  | (39,103 | ) |  |  | (1,024 | ) |  |  | (60,082 | ) |  |  | — |  |  |  | (123,269 | )
Other Expenses |  |  | (48,926 | ) |  |  | (64,569 | ) |  |  | (60,114 | ) |  |  | (101,451 | ) |  |  | (48,744 | ) |  |  | (323,804 | )
Net Realized and Unrealized Gain from Investments |  |  | 3,916,697 |  |  |  | 4,979,027 |  |  |  | 798,892 |  |  |  | 1,362,351 |  |  |  | 1,014 |  |  |  | 11,057,981 |
Net Income |  | $ | 4,208,119 |  |  | $ | 5,298,084 |  |  | $ | 774,745 |  |  | $ | 1,920,591 |  |  | $ | 29,079 |  |  | $ | 12,230,618 |
(a) | Other represents the summarized financial information of equity method investments whose results, for segment reporting purposes, have been allocated across more than one of Blackstone’s segments.
Realized and Net Change in Unrealized Gains (Losses) on Investments Held by Blackstone's Treasury Cash Management Strategies | The following table presents the realized and net change in unrealized gains (losses) on investments held by Blackstone’s Treasury Cash Management Strategies:
|  | Year Ended December 31, |
|  | 2013 |  |  | 2012 |  |  | 2011 |
Realized Gains (Losses) |  | $ | (5,793 | ) |  | $ | 9,095 |  |  | $ | 9,738 |
Net Change in Unrealized Gains (Losses) |  |  | (9,342 | ) |  |  | (502 | ) |  |  | 641 |
|  | $ | (15,135 | ) |  | $ | 8,593 |  |  | $ | 10,379 |
Performance Fees Allocated to Funds | Performance Fees allocated to the general partner in respect of performance of certain Carry Funds, funds of hedge funds and credit-focused funds were as follows:
|  | Private Equity |  |  | Real Estate |  |  | Hedge Fund Solutions |  |  | Credit |  |  | Total |
Performance Fees, December 31, 2012 |  | $ | 780,474 |  |  | $ | 1,633,279 |  |  | $ | 6,214 |  |  | $ | 360,250 |  |  | $ | 2,780,217 |
Performance Fees Allocated as a Result of Changes in Fund Fair Values |  |  | 614,554 |  |  |  | 2,084,222 |  |  |  | 68,609 |  |  |  | 214,372 |  |  |  | 2,981,757 |
Foreign Exchange Gain |  |  | — |  |  |  | 7,733 |  |  |  | — |  |  |  | — |  |  |  | 7,733 |
Fund Distributions |  |  | (423,168 | ) |  |  | (456,628 | ) |  |  | (65,355 | ) |  |  | (149,764 | ) |  |  | (1,094,915 | )
Performance Fees, December 31, 2013 |  | $ | 971,860 |  |  | $ | 3,268,606 |  |  | $ | 9,468 |  |  | $ | 424,858 |  |  | $ | 4,674,792 |
Realized and Net Change in Unrealized Gains (Losses), Other Investments | The following table presents Blackstone’s realized and net change in unrealized gains (losses) in other investments:
|  | Year Ended December 31, |
|  | 2013 |  |  | 2012 |  |  | 2011 |
Realized Gains |  | $ | 13,468 |  |  | $ | 743 |  |  | $ | 948 |
Net Change in Unrealized Gains (Losses) |  |  | (6,758 | ) |  |  | (371 | ) |  |  | (21,968 | )
|  | $ | 6,710 |  |  | $ | 372 |  |  | $ | (21,020 | )

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