v3.3.0.814

BORROWINGS (Tables) | 9 Months Ended
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Sep. 30, 2015
Carrying Value and Fair Value of Blackstone Issued Notes | The carrying value and fair value of the Blackstone issued notes, included in Loans Payable within the Condensed Consolidated Statements of Financial Condition, were:
|  | September 30, 2015 |  |  | December 31, 2014 |
|  | Carrying Value |  |  | Fair Value (a) |  |  | Carrying Value (c) |  |  | Fair Value (a) |
Blackstone Issued 6.625%, $600 Million Par, Notes Due 8/15/2019 (b) |  | $ | 616,925 |  |  | $ | 681,876 |  |  | $ | 622,552 |  |  | $ | 684,158 |
Blackstone Issued 5.875%, $400 Million Par, Notes Due 3/15/2021 |  | $ | 397,627 |  |  | $ | 459,960 |  |  | $ | 397,357 |  |  | $ | 462,360 |
Blackstone Issued 4.750%, $400 Million Par, Notes Due 2/15/2023 |  | $ | 391,998 |  |  | $ | 434,960 |  |  | $ | 391,344 |  |  | $ | 436,240 |
Blackstone Issued 6.250%, $250 Million Par, Notes Due 8/15/2042 |  | $ | 237,605 |  |  | $ | 295,100 |  |  | $ | 237,487 |  |  | $ | 307,125 |
Blackstone Issued 5.000%, $500 Million Par, Notes Due 6/15/2044 |  | $ | 487,960 |  |  | $ | 515,500 |  |  | $ | 487,966 |  |  | $ | 527,500 |
Blackstone Issued 4.450%, $350 Million Par, Notes Due 7/15/2045 |  | $ | 343,777 |  |  | $ | 332,780 |  |  | $ | — |  |  | $ | — |
Blackstone Issued 2.000%, €300 Million Par, Notes Due 5/19/2025 |  | $ | 331,854 |  |  | $ | 329,978 |  |  | $ | — |  |  | $ | — |
(a) | Fair value is determined by broker quote and these notes would be classified as Level II within the fair value hierarchy.
(b) | The carrying and fair values are determined using the original $600 million par amount less $15 million attributable to these notes which were acquired but not retired by Blackstone during 2012.
(c) | The carrying value has been adjusted to reflect the presentation of debt issuance costs as a direct deduction from the related liability for all periods presented in accordance with amended guidance on simplifying the presentation of such costs.
Partnership's Borrowings Through Consolidated CLO Vehicles | Borrowings through the consolidated CLO vehicles consisted of the following:
|  | September 30, 2015 |  |  | December 31, 2014 |
|  | Borrowing Outstanding |  |  | Weighted- Average Interest Rate |  |  | Weighted- Average Remaining Maturity in Years |  |  | Borrowing Outstanding |  |  | Weighted- Average Interest Rate |  |  | Weighted- Average Remaining Maturity in Years |
Senior Secured Notes |  | $ | 3,276,326 |  |  |  | 1.91 | % |  |  | 5.1 |  |  | $ | 6,594,266 |  |  |  | 1.27 | % |  |  | 3.8 |
Subordinated Notes |  |  | 207,851 |  |  |  | (a | ) |  |  | N/A |  |  |  | 740,050 |  |  |  | (a | ) |  |  | N/A |
|  | $ | 3,484,177 |  |  |  |  |  |  |  |  |  |  | $ | 7,334,316 |  |  |  |  |  |  |  |  |
(a) | The Subordinated Notes do not have contractual interest rates but instead receive distributions from the excess cash flows of the CLO vehicles.
Components of Senior Secured Notes and Subordinated Notes | Senior Secured Notes and Subordinated Notes comprise the following amounts:
|  | September 30, 2015 |  |  | December 31, 2014 |
|  |  |  |  | Amounts Due to Non- Consolidated Affiliates |  |  |  |  |  | Amounts Due to Non- Consolidated Affiliates |
|  | Fair Value |  |  | Borrowing Outstanding |  |  | Fair Value |  |  | Fair Value |  |  | Borrowing Outstanding |  |  | Fair Value |
Senior Secured Notes |  | $ | 3,244,579 |  |  | $ | — |  |  | $ | — |  |  | $ | 6,448,352 |  |  | $ | 2,500 |  |  | $ | 2,504 |
Subordinated Notes |  | $ | 111,029 |  |  | $ | 10,000 |  |  | $ | 8,851 |  |  | $ | 348,752 |  |  | $ | 24,200 |  |  | $ | 14,377 |
Scheduled Principal Payments for Borrowings | Scheduled principal payments for borrowings as of September 30, 2015 were as follows:
|  | Operating Borrowings |  |  | Blackstone Fund Facilities/CLO Vehicles |  |  | Total Borrowings |
2015 |  | $ | — |  |  | $ | 4,166 |  |  | $ | 4,166 |
2016 |  |  | — |  |  |  | — |  |  |  | — |
2017 |  |  | — |  |  |  | 380,922 |  |  |  | 380,922 |
2018 |  |  | — |  |  |  | — |  |  |  | — |
2019 |  |  | 585,000 |  |  |  | — |  |  |  | 585,000 |
Thereafter |  |  | 2,237,470 |  |  |  | 3,103,255 |  |  |  | 5,340,725 |
Total |  | $ | 2,822,470 |  |  | $ | 3,488,343 |  |  | $ | 6,310,813 |

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- Definition Tabular disclosure of information pertaining to carrying amount and estimated fair value of short-term and long-term debt instruments or arrangements, including but not limited to, identification of terms, features, and collateral requirements. + References No definition available. + Details
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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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