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Summary of Fair Value by Strategy Type Alongside Consolidated Funds of Hedge Funds' Remaining Unfunded Commitments and Ability to Redeem Such Investments (Detail)
$ in Thousands
Jun. 30, 2019
USD ($)
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]  
Fair Value $ 340,284
Unfunded Commitments 394
Diversified Instruments  
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]  
Fair Value 217,399 [1]
Unfunded Commitments 126 [1]
Credit Driven  
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]  
Fair Value 84,306 [2]
Unfunded Commitments 268 [2]
Equity  
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]  
Fair Value 36,859 [3]
Unfunded Commitments 0 [3]
Commodities  
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items]  
Fair Value 1,720 [4]
Unfunded Commitments $ 0 [4]
[1] Diversified Instruments include investments in funds that invest across multiple strategies. Investments representing 3% of the fair value of the investments in this category may not be redeemed at, or within three months of, the reporting date. The remaining 97% of investments in this category are redeemable as of the reporting date.
[2] The Credit Driven category includes investments in hedge funds that invest primarily in domestic and international bonds. Investments representing 29% of the fair value of the investments in this category may not be redeemed at, or within three months of, the reporting date. The remaining 71% of investments in this category are redeemable as of the reporting date.
[3] The Equity category includes investments in hedge funds that invest primarily in domestic and international equity securities. Investments representing 100% of the fair value of the investments in this category may not be redeemed at, or within three months of, the reporting date. As of the reporting date, the investee fund manager had elected to side-pocket 12% of Blackstone’s investments in the category.
[4] The Commodities category includes investments in commodities-focused funds that primarily invest in futures and physical-based commodity driven strategies. Investments representing 100% of the fair value of the investments in this category may not be redeemed at, or within three months of, the reporting date.