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Equity-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2019
Summary of Status of Partnership's Unvested Equity-Based Awards
A summary of the status of
Blackstone
’s unvested equity-based awards as of June 30, 2019 and of changes during the period January 1, 2019 through June 30, 2019 is presented below:
                                                 
 
Blackstone Holdings
 
The Blackstone Group L.P.
 
 
 
Equity Settled Awards
 
Cash Settled Awards
 
 
 
Deferred
 
 
 
 
 
 
Weighted-
 
Restricted
 
Weighted-
 
 
Weighted-
 
 
 
Average
 
Common
 
Average
                           
 
Average
 
 
Partnership
 
Grant Date
 
Units and
 
Grant Date
 
Phantom
 
Grant Date
 
Unvested Units
 
Units
 
Fair Value
 
Options
 
Fair Value
 
Units
 
Fair Value
 
Balance, December 31, 2018
       
31,554,127
     $           
34.38
         
9,312,268
     $         
31.43
     
46,808
     $       
34.66
 
Granted
   
2,450,200
     
35.29
     
1,731,220
     
30.30
     
—
     
—
 
Vested
   
(1,860,292
 )    
34.71
     
(1,989,321
 )    
29.81
     
(80
 )    
33.47
 
Forfeited
   
(92,956
 )    
32.17
     
(268,962
 )    
31.33
     
—
     
—
 
                                                 
Balance, June 30, 2019
   
32,051,079
     $              
34.11
     
8,785,205
     $               
31.56
     
46,728
     $         
38.69
 
                                                 
 
 
 
 
 
 
 
 
 
Unvested Units, After Expected Forfeitures
The following unvested units, after expected forfeitures, as of June 30, 2019, are expected to vest:
               
 
 
Weighted-
 
 
 
Average
 
 
 
    Service Period    
  
 
Units
 
in Years
 
Blackstone Holdings Partnership Units
   
28,301,673
       
3.2
 
Deferred Restricted Blackstone Common Units
   
7,618,444
   
2.1
 
               
Total Equity-Based Awards
   
        35,920,117
   
3.0
 
               
Phantom Units
   
40,016
   
2.0