|
Summary of Quantitative Inputs and Assumptions for Items Categorized in Level III of Fair Value Hierarchy (Detail) (USD $)
In Thousands, unless otherwise specified |
12 Months Ended | |||||
|---|---|---|---|---|---|---|
|
Dec. 31, 2013
|
Dec. 31, 2012
|
|||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | $ 8,895,688 | $ 11,281,064 | ||||
| Fair value liabilities | 8,913,007 | 11,541,607 | ||||
|
Discounted Cash Flows | Collateralized Loan Obligations
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Recovery Lag | 12 months | 12 months | ||||
|
Discounted Cash Flows | Collateralized Loan Obligations | LIBOR
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Reinvestment Rate | 4.00% | 4.00% | ||||
|
Discounted Cash Flows | Collateralized Loan Obligations | Weighted Average
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Discount Rate | 2.60% | [1] | 3.90% | [1] | ||
| Pre-payment Rate | 18.00% | [1] | 18.00% | [1] | ||
| Recovery Rate | 66.00% | [1] | 66.00% | [1] | ||
| Default Rate | 2.10% | [1] | 2.10% | [1] | ||
|
Discounted Cash Flows | Collateralized Loan Obligations | Minimum
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Discount Rate | 0.40% | 1.10% | ||||
| Pre-payment Rate | 5.00% | 5.00% | ||||
| Recovery Rate | 30.00% | 30.00% | ||||
| Default Rate | 2.00% | 2.00% | ||||
|
Discounted Cash Flows | Collateralized Loan Obligations | Maximum
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Discount Rate | 24.20% | 50.00% | ||||
| Pre-payment Rate | 20.00% | 20.00% | ||||
| Recovery Rate | 70.00% | 70.00% | ||||
| Default Rate | 3.00% | 5.00% | ||||
|
Level 3
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | 3,555,138 | 3,076,466 | ||||
|
Level 3 | Discounted Cash Flows | Collateralized Loan Obligations
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value liabilities | 8,913,007 | 11,541,607 | ||||
|
Blackstone's Treasury Cash Management Strategies | Discounted Cash Flows
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Discount Rate | 12.00% | |||||
| Pre-payment Rate | 20.00% | 20.00% | ||||
| Recovery Lag | 12 months | 12 months | ||||
| Recovery Rate | 70.00% | |||||
| Default Rate | 2.00% | 2.00% | ||||
|
Blackstone's Treasury Cash Management Strategies | Discounted Cash Flows | LIBOR
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Reinvestment Rate | 4.00% | 4.00% | ||||
|
Blackstone's Treasury Cash Management Strategies | Discounted Cash Flows | Weighted Average
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Discount Rate | 6.60% | [1] | ||||
| Recovery Rate | 66.00% | [1] | ||||
|
Blackstone's Treasury Cash Management Strategies | Discounted Cash Flows | Minimum
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Discount Rate | 6.00% | |||||
| Recovery Rate | 30.00% | |||||
|
Blackstone's Treasury Cash Management Strategies | Discounted Cash Flows | Maximum
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Discount Rate | 8.60% | |||||
| Recovery Rate | 70.00% | |||||
|
Blackstone's Treasury Cash Management Strategies | Level 3 | Discounted Cash Flows
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | 17,040 | 1,006 | ||||
|
Blackstone's Treasury Cash Management Strategies | Level 3 | Net Asset Value Valuation Technique
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | 10,099 | |||||
|
Blackstone's Treasury Cash Management Strategies | Level 3 | Transaction Price Valuation Technique
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | 200 | |||||
|
Blackstone's Treasury Cash Management Strategies | Level 3 | Third Party Pricing Valuation Technique
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | 16,993 | |||||
|
Loans And Receivables | Discounted Cash Flows | Weighted Average
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Discount Rate | 12.60% | [1] | 13.70% | [1] | ||
|
Loans And Receivables | Discounted Cash Flows | Minimum
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Discount Rate | 11.00% | 11.80% | ||||
|
Loans And Receivables | Discounted Cash Flows | Maximum
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Discount Rate | 14.80% | 25.90% | ||||
|
Loans And Receivables | Market Comparable Companies
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| EBITDA Multiple | 8.7 | |||||
|
Loans And Receivables | Level 3 | Discounted Cash Flows
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | 137,788 | 30,620 | ||||
|
Loans And Receivables | Level 3 | Market Comparable Companies
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | 43 | |||||
|
Other | Discounted Cash Flows
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Discount Rate | 12.50% | 12.50% | ||||
|
Other | Level 3 | Discounted Cash Flows
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | 2,814 | 5,647 | ||||
|
Other | Level 3 | Net Asset Value Valuation Technique
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | 3,725 | 17,901 | ||||
|
Other | Level 3 | Transaction Price Valuation Technique
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | 7,927 | 3,350 | ||||
|
Investments Of Consolidated Blackstone Funds | Level 3
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | 3,358,752 | 3,017,699 | ||||
|
Investments Of Consolidated Blackstone Funds | Consolidated Equity Securities | Discounted Cash Flows | Weighted Average
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Discount Rate | 12.40% | [1] | 11.20% | [1] | ||
| Revenue CAGR | 6.80% | [1] | 5.60% | [1] | ||
| Exit Multiple - EBITDA | 8.9 | [1] | 9.2 | [1] | ||
| Exit Multiple - P/E | 9.8 | [1] | 10.1 | [1] | ||
|
Investments Of Consolidated Blackstone Funds | Consolidated Equity Securities | Discounted Cash Flows | Minimum
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Discount Rate | 9.20% | 8.40% | ||||
| Revenue CAGR | 0.90% | 0.70% | ||||
| Exit Multiple - EBITDA | 5.0 | 5.8 | ||||
| Exit Multiple - P/E | 8.5 | 8.5 | ||||
|
Investments Of Consolidated Blackstone Funds | Consolidated Equity Securities | Discounted Cash Flows | Maximum
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Discount Rate | 26.30% | 25.10% | ||||
| Revenue CAGR | 46.20% | 83.40% | ||||
| Exit Multiple - EBITDA | 14.0 | 11.5 | ||||
| Exit Multiple - P/E | 17.0 | 17.0 | ||||
|
Investments Of Consolidated Blackstone Funds | Consolidated Equity Securities | Market Comparable Companies
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Book Value Multiple | 0.9 | |||||
|
Investments Of Consolidated Blackstone Funds | Consolidated Equity Securities | Market Comparable Companies | Weighted Average
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| EBITDA Multiple | 6.9 | [1] | 7.8 | [1] | ||
|
Investments Of Consolidated Blackstone Funds | Consolidated Equity Securities | Market Comparable Companies | Minimum
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| EBITDA Multiple | 6.3 | 5.0 | ||||
|
Investments Of Consolidated Blackstone Funds | Consolidated Equity Securities | Market Comparable Companies | Maximum
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| EBITDA Multiple | 7.5 | 8.7 | ||||
|
Investments Of Consolidated Blackstone Funds | Consolidated Equity Securities | Level 3 | Discounted Cash Flows
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | 112,117 | 151,899 | ||||
|
Investments Of Consolidated Blackstone Funds | Consolidated Equity Securities | Level 3 | Market Comparable Companies
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | 275 | 1,602 | ||||
|
Investments Of Consolidated Blackstone Funds | Consolidated Equity Securities | Level 3 | Transaction Price Valuation Technique
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | 78,154 | 61,479 | ||||
|
Investments Of Consolidated Blackstone Funds | Consolidated Equity Securities | Level 3 | Third Party Pricing Valuation Technique
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | 50 | 200 | ||||
|
Investments Of Consolidated Blackstone Funds | Consolidated Equity Securities | Level 3 | Other
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | 3,103 | 1,880 | ||||
|
Investments Of Consolidated Blackstone Funds | Partnership And LLC Interests | Discounted Cash Flows | Weighted Average
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Discount Rate | 9.00% | [1] | 8.90% | [1] | ||
| Revenue CAGR | 5.50% | [1] | 5.30% | [1] | ||
| Exit Multiple - EBITDA | 9.4 | [1] | 10.0 | [1] | ||
| Exit Capitalization Rate | 7.00% | [1] | 7.00% | [1] | ||
|
Investments Of Consolidated Blackstone Funds | Partnership And LLC Interests | Discounted Cash Flows | Minimum
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Discount Rate | 5.00% | 5.30% | ||||
| Revenue CAGR | (0.70%) | (8.20%) | ||||
| Exit Multiple - EBITDA | 3.0 | 4.5 | ||||
| Exit Capitalization Rate | 4.30% | 1.00% | ||||
|
Investments Of Consolidated Blackstone Funds | Partnership And LLC Interests | Discounted Cash Flows | Maximum
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Discount Rate | 22.50% | 22.60% | ||||
| Revenue CAGR | 17.70% | 62.00% | ||||
| Exit Multiple - EBITDA | 23.3 | 15.4 | ||||
| Exit Capitalization Rate | 10.50% | 10.50% | ||||
|
Investments Of Consolidated Blackstone Funds | Partnership And LLC Interests | Level 3 | Discounted Cash Flows
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | 557,534 | 562,678 | ||||
|
Investments Of Consolidated Blackstone Funds | Partnership And LLC Interests | Level 3 | Transaction Price Valuation Technique
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | 687,246 | 13,316 | ||||
|
Investments Of Consolidated Blackstone Funds | Partnership And LLC Interests | Level 3 | Third Party Pricing Valuation Technique
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | 9,181 | 5,157 | ||||
|
Investments Of Consolidated Blackstone Funds | Partnership And LLC Interests | Level 3 | Other
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | 942 | |||||
|
Investments Of Consolidated Blackstone Funds | Debt Instruments | Discounted Cash Flows
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Pre-payment Rate | 20.00% | 20.00% | ||||
| Recovery Lag | 12 months | 12 months | ||||
| Recovery Rate | 67.00% | 70.00% | ||||
| Default Rate | 2.00% | 2.00% | ||||
| Exit Multiple - EBITDA | 9.5 | |||||
|
Investments Of Consolidated Blackstone Funds | Debt Instruments | Discounted Cash Flows | LIBOR
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Reinvestment Rate | 4.00% | 4.00% | ||||
|
Investments Of Consolidated Blackstone Funds | Debt Instruments | Discounted Cash Flows | Weighted Average
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Discount Rate | 19.20% | [1] | 15.60% | [1] | ||
| Revenue CAGR | 4.80% | [1] | 3.80% | [1] | ||
| Exit Multiple - EBITDA | 10.8 | [1] | ||||
| Exit Capitalization Rate | 6.70% | [1] | 7.10% | [1] | ||
|
Investments Of Consolidated Blackstone Funds | Debt Instruments | Discounted Cash Flows | Minimum
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Discount Rate | 10.70% | 7.80% | ||||
| Revenue CAGR | 4.80% | 2.90% | ||||
| Exit Multiple - EBITDA | 5.8 | |||||
| Exit Capitalization Rate | 6.40% | 7.00% | ||||
|
Investments Of Consolidated Blackstone Funds | Debt Instruments | Discounted Cash Flows | Maximum
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Discount Rate | 21.00% | 42.00% | ||||
| Revenue CAGR | 5.50% | 5.10% | ||||
| Exit Multiple - EBITDA | 11.1 | |||||
| Exit Capitalization Rate | 7.50% | 7.50% | ||||
|
Investments Of Consolidated Blackstone Funds | Debt Instruments | Market Comparable Companies | Weighted Average
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| EBITDA Multiple | 6.2 | [1] | 6.7 | [1] | ||
|
Investments Of Consolidated Blackstone Funds | Debt Instruments | Market Comparable Companies | Minimum
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| EBITDA Multiple | 6.2 | 6.5 | ||||
|
Investments Of Consolidated Blackstone Funds | Debt Instruments | Market Comparable Companies | Maximum
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| EBITDA Multiple | 8.0 | 7.5 | ||||
|
Investments Of Consolidated Blackstone Funds | Debt Instruments | Level 3 | Discounted Cash Flows
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | 11,814 | 13,056 | ||||
|
Investments Of Consolidated Blackstone Funds | Debt Instruments | Level 3 | Market Comparable Companies
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | 234 | 664 | ||||
|
Investments Of Consolidated Blackstone Funds | Debt Instruments | Level 3 | Transaction Price Valuation Technique
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | 1,772 | |||||
|
Investments Of Consolidated Blackstone Funds | Debt Instruments | Level 3 | Third Party Pricing Valuation Technique
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | 31,675 | 4,004 | ||||
|
Investments Of Consolidated Blackstone Funds | Assets Of Consolidated CLO Vehicles | Discounted Cash Flows
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Revenue CAGR | 4.20% | |||||
| Exit Multiple - EBITDA | 8.0 | |||||
|
Investments Of Consolidated Blackstone Funds | Assets Of Consolidated CLO Vehicles | Discounted Cash Flows | Weighted Average
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Discount Rate | 7.80% | [1] | 9.30% | [1] | ||
|
Investments Of Consolidated Blackstone Funds | Assets Of Consolidated CLO Vehicles | Discounted Cash Flows | Minimum
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Discount Rate | 7.00% | 7.00% | ||||
|
Investments Of Consolidated Blackstone Funds | Assets Of Consolidated CLO Vehicles | Discounted Cash Flows | Maximum
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Discount Rate | 14.00% | 15.70% | ||||
|
Investments Of Consolidated Blackstone Funds | Assets Of Consolidated CLO Vehicles | Market Comparable Companies | Weighted Average
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| EBITDA Multiple | 7.3 | [1] | 6.5 | [1] | ||
| Liquidity Discount | 8.40% | [1] | ||||
|
Investments Of Consolidated Blackstone Funds | Assets Of Consolidated CLO Vehicles | Market Comparable Companies | Minimum
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| EBITDA Multiple | 3.5 | 2.0 | ||||
| Liquidity Discount | 1.00% | |||||
|
Investments Of Consolidated Blackstone Funds | Assets Of Consolidated CLO Vehicles | Market Comparable Companies | Maximum
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| EBITDA Multiple | 11.3 | 13.0 | ||||
| Liquidity Discount | 25.00% | |||||
|
Investments Of Consolidated Blackstone Funds | Assets Of Consolidated CLO Vehicles | Level 3 | Discounted Cash Flows
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | 57,936 | 132,171 | ||||
|
Investments Of Consolidated Blackstone Funds | Assets Of Consolidated CLO Vehicles | Level 3 | Market Comparable Companies
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | 293,382 | 278,972 | ||||
|
Investments Of Consolidated Blackstone Funds | Assets Of Consolidated CLO Vehicles | Level 3 | Transaction Price Valuation Technique
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | 80 | 10 | ||||
|
Investments Of Consolidated Blackstone Funds | Assets Of Consolidated CLO Vehicles | Level 3 | Third Party Pricing Valuation Technique
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | 615,414 | 900,146 | ||||
|
Investments Of Consolidated Blackstone Funds | Investment Funds | Level 3 | Net Asset Value Valuation Technique
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | $ 897,843 | $ 890,465 | ||||
|
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