|
Summary of Quantitative Inputs and Assumptions for Items Categorized in Level III of Fair Value Hierarchy (Detail) (USD $)
In Thousands, unless otherwise specified |
9 Months Ended | 12 Months Ended | ||||
|---|---|---|---|---|---|---|
|
Sep. 30, 2014
|
Dec. 31, 2013
|
|||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | $ 6,269,990 | $ 8,895,688 | ||||
| Fair value liabilities | 5,682,920 | 8,913,007 | ||||
|
Discounted Cash Flows | Liabilities of Consolidated CLO Vehicles
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Recovery Rate | 70.00% | |||||
| Recovery Lag | 12 months | 12 months | ||||
| Pre-payment Rate | 20.00% | |||||
|
Discounted Cash Flows | Liabilities of Consolidated CLO Vehicles | LIBOR
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Reinvestment Rate | 4.00% | 4.00% | ||||
|
Discounted Cash Flows | Liabilities of Consolidated CLO Vehicles | Weighted Average
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Default Rate | 2.10% | [1] | 2.10% | [1] | ||
| Recovery Rate | 66.00% | [1] | ||||
| Pre-payment Rate | 18.00% | [1] | ||||
| Discount Rate | 2.50% | [1] | 2.60% | [1] | ||
|
Discounted Cash Flows | Liabilities of Consolidated CLO Vehicles | Minimum
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Default Rate | 2.00% | 2.00% | ||||
| Recovery Rate | 30.00% | |||||
| Pre-payment Rate | 5.00% | |||||
| Discount Rate | 0.80% | 0.40% | ||||
|
Discounted Cash Flows | Liabilities of Consolidated CLO Vehicles | Maximum
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Default Rate | 3.00% | 3.00% | ||||
| Recovery Rate | 70.00% | |||||
| Pre-payment Rate | 20.00% | |||||
| Discount Rate | 26.70% | 24.20% | ||||
|
Level 3
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | 3,488,628 | 3,555,138 | ||||
|
Level 3 | Discounted Cash Flows | Liabilities of Consolidated CLO Vehicles
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value liabilities | 5,682,920 | 8,913,007 | ||||
|
Blackstone's Treasury Cash Management Strategies | Discounted Cash Flows
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Default Rate | 2.00% | 2.00% | ||||
| Recovery Rate | 70.00% | |||||
| Recovery Lag | 12 months | 12 months | ||||
| Pre-payment Rate | 20.00% | 20.00% | ||||
|
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] | ||||||
| Recovery Rate | 66.00% | [1] | ||||
| Discount Rate | 6.80% | [1] | 6.60% | [1] | ||
|
Blackstone's Treasury Cash Management Strategies | Discounted Cash Flows | Minimum
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Recovery Rate | 30.00% | |||||
| Discount Rate | 5.90% | 6.00% | ||||
|
Blackstone's Treasury Cash Management Strategies | Discounted Cash Flows | Maximum
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Recovery Rate | 70.00% | |||||
| Discount Rate | 9.30% | 8.60% | ||||
|
Blackstone's Treasury Cash Management Strategies | Level 3 | Discounted Cash Flows
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | 26,031 | 17,040 | ||||
|
Blackstone's Treasury Cash Management Strategies | Level 3 | Net Asset Value Valuation Technique
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | 9,968 | 10,099 | ||||
|
Blackstone's Treasury Cash Management Strategies | Level 3 | Transaction Price Valuation Technique
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | 981 | |||||
|
Blackstone's Treasury Cash Management Strategies | Level 3 | Third Party Pricing Valuation Technique
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | 44,087 | 16,993 | ||||
|
Loans And Receivables | Discounted Cash Flows | Weighted Average
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Discount Rate | 10.80% | [1] | 12.60% | [1] | ||
|
Loans And Receivables | Discounted Cash Flows | Minimum
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Discount Rate | 8.80% | 11.00% | ||||
|
Loans And Receivables | Discounted Cash Flows | Maximum
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Discount Rate | 12.90% | 14.80% | ||||
|
Loans And Receivables | Level 3 | Discounted Cash Flows
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | 69,794 | 137,788 | ||||
|
Other | Discounted Cash Flows
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Default Rate | 2.00% | |||||
| Recovery Rate | 70.00% | |||||
| Recovery Lag | 12 months | |||||
| Pre-payment Rate | 20.00% | |||||
| Discount Rate | 12.50% | |||||
|
Other | Discounted Cash Flows | LIBOR
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Reinvestment Rate | 4.00% | |||||
|
Other | Discounted Cash Flows | Weighted Average
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Discount Rate | 3.00% | [1] | ||||
|
Other | Discounted Cash Flows | Minimum
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Discount Rate | 1.40% | |||||
|
Other | Discounted Cash Flows | Maximum
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Discount Rate | 12.50% | |||||
|
Other | Level 3 | Discounted Cash Flows
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | 98,293 | 2,814 | ||||
|
Other | Level 3 | Net Asset Value Valuation Technique
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | 2,855 | 3,725 | ||||
|
Other | Level 3 | Transaction Price Valuation Technique
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | 12,986 | 7,927 | ||||
|
Investments Of Consolidated Blackstone Funds | Level 3
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | 3,223,633 | 3,358,752 | ||||
|
Investments Of Consolidated Blackstone Funds | Consolidated Equity Securities | Discounted Cash Flows | Weighted Average
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Discount Rate | 12.20% | [1] | 12.40% | [1] | ||
| Revenue CAGR | 6.60% | [1] | 6.80% | [1] | ||
| Exit Multiple - EBITDA | 8.0 | [1] | 8.9 | [1] | ||
| Exit Multiple - P/E | 10.7 | [1] | 9.8 | [1] | ||
|
Investments Of Consolidated Blackstone Funds | Consolidated Equity Securities | Discounted Cash Flows | Minimum
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Discount Rate | 7.10% | 9.20% | ||||
| Revenue CAGR | 1.90% | 0.90% | ||||
| Exit Multiple - EBITDA | 5.0 | 5.0 | ||||
| Exit Multiple - P/E | 9.5 | 8.5 | ||||
|
Investments Of Consolidated Blackstone Funds | Consolidated Equity Securities | Discounted Cash Flows | Maximum
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Discount Rate | 25.20% | 26.30% | ||||
| Revenue CAGR | 27.60% | 46.20% | ||||
| Exit Multiple - EBITDA | 17.0 | 14.0 | ||||
| Exit Multiple - P/E | 15.0 | 17.0 | ||||
|
Investments Of Consolidated Blackstone Funds | Consolidated Equity Securities | Market Comparable Companies | Weighted Average
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| EBITDA Multiple | 6.7 | [1] | 6.9 | [1] | ||
|
Investments Of Consolidated Blackstone Funds | Consolidated Equity Securities | Market Comparable Companies | Minimum
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| EBITDA Multiple | 6.5 | 6.3 | ||||
|
Investments Of Consolidated Blackstone Funds | Consolidated Equity Securities | Market Comparable Companies | Maximum
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| EBITDA Multiple | 7.3 | 7.5 | ||||
|
Investments Of Consolidated Blackstone Funds | Consolidated Equity Securities | Level 3 | Discounted Cash Flows
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | 89,259 | 112,117 | ||||
|
Investments Of Consolidated Blackstone Funds | Consolidated Equity Securities | Level 3 | Market Comparable Companies
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | 162 | 275 | ||||
|
Investments Of Consolidated Blackstone Funds | Consolidated Equity Securities | Level 3 | Transaction Price Valuation Technique
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | 85,955 | 78,154 | ||||
|
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 | 48 | 50 | ||||
|
Investments Of Consolidated Blackstone Funds | Consolidated Equity Securities | Level 3 | Other
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | 4,383 | 3,103 | ||||
|
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] | 9.00% | [1] | ||
| Revenue CAGR | 6.10% | [1] | 5.50% | [1] | ||
| Exit Multiple - EBITDA | 10.3 | [1] | 9.4 | [1] | ||
| Exit Capitalization Rate | 7.40% | [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% | 5.00% | ||||
| Revenue CAGR | (18.80%) | (0.70%) | ||||
| Exit Multiple - EBITDA | 0.0 | 3.0 | ||||
| Exit Capitalization Rate | 4.00% | 4.30% | ||||
|
Investments Of Consolidated Blackstone Funds | Partnership And LLC Interests | Discounted Cash Flows | Maximum
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Discount Rate | 21.50% | 22.50% | ||||
| Revenue CAGR | 22.40% | 17.70% | ||||
| Exit Multiple - EBITDA | 23.3 | 23.3 | ||||
| Exit Capitalization Rate | 13.50% | 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 | 504,092 | 557,534 | ||||
|
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 | 740,513 | 687,246 | ||||
|
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 | 12,967 | 9,181 | ||||
|
Investments Of Consolidated Blackstone Funds | Partnership And LLC Interests | Level 3 | Other
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | 8,368 | 942 | ||||
|
Investments Of Consolidated Blackstone Funds | Debt Instruments | Discounted Cash Flows
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Default Rate | 2.00% | 2.00% | ||||
| Recovery Rate | 70.00% | 67.00% | ||||
| Recovery Lag | 12 months | 12 months | ||||
| Pre-payment Rate | 20.00% | 20.00% | ||||
|
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 | 17.60% | [1] | 19.20% | [1] | ||
| Revenue CAGR | 5.30% | [1] | 4.80% | [1] | ||
| Exit Multiple - EBITDA | 10.2 | [1] | 10.8 | [1] | ||
| Exit Capitalization Rate | 6.60% | [1] | 6.70% | [1] | ||
|
Investments Of Consolidated Blackstone Funds | Debt Instruments | Discounted Cash Flows | Minimum
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Discount Rate | 9.00% | 10.70% | ||||
| Revenue CAGR | 5.30% | 4.80% | ||||
| Exit Multiple - EBITDA | 5.7 | 5.8 | ||||
| Exit Capitalization Rate | 1.00% | 6.40% | ||||
|
Investments Of Consolidated Blackstone Funds | Debt Instruments | Discounted Cash Flows | Maximum
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Discount Rate | 23.00% | 21.00% | ||||
| Revenue CAGR | 6.50% | 5.50% | ||||
| Exit Multiple - EBITDA | 10.4 | 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 | 6.3 | [1] | 6.2 | [1] | ||
|
Investments Of Consolidated Blackstone Funds | Debt Instruments | Market Comparable Companies | Minimum
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| EBITDA Multiple | 6.3 | 6.2 | ||||
|
Investments Of Consolidated Blackstone Funds | Debt Instruments | Market Comparable Companies | Maximum
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| EBITDA Multiple | 7.8 | 8.0 | ||||
|
Investments Of Consolidated Blackstone Funds | Debt Instruments | Level 3 | Discounted Cash Flows
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | 18,627 | 11,814 | ||||
|
Investments Of Consolidated Blackstone Funds | Debt Instruments | Level 3 | Market Comparable Companies
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | 189 | 234 | ||||
|
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 | 103,959 | 31,675 | ||||
|
Investments Of Consolidated Blackstone Funds | Assets Of Consolidated CLO Vehicles | Discounted Cash Flows
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Discount Rate | 8.50% | |||||
| 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] | ||||
|
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% | |||||
|
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% | |||||
|
Investments Of Consolidated Blackstone Funds | Assets Of Consolidated CLO Vehicles | Market Comparable Companies | Weighted Average
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| EBITDA Multiple | 6.9 | [1] | 7.3 | [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 | 3.5 | ||||
|
Investments Of Consolidated Blackstone Funds | Assets Of Consolidated CLO Vehicles | Market Comparable Companies | Maximum
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| EBITDA Multiple | 15.0 | 11.3 | ||||
|
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 | 3,945 | 57,936 | ||||
|
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 | 284,848 | 293,382 | ||||
|
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 | |||||
|
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 | 275,167 | 615,414 | ||||
|
Investments Of Consolidated Blackstone Funds | Investment Funds | Level 3 | Net Asset Value Valuation Technique
|
||||||
| Fair Value, Option, Quantitative Disclosures [Line Items] | ||||||
| Fair value assets | $ 1,091,151 | $ 897,843 | ||||
|
||||||