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Fair Value Option (Tables) | 12 Months Ended
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Dec. 31, 2022
Summary of Financial Instruments for Which Fair Value Option Has Been Elected | The following table summarizes the financial instruments for which the fair value option has been elected:
|  | December 31,
|  | 2022 |  | 2021
Assets |  |  |  |  |  |  |  |
Loans and Receivables |  | $ | 315,039 |  |  | $ | 392,732 |
Equity and Preferred Securities |  |  | 1,868,192 |  |  |  | 516,539 |
Debt Securities |  |  | 24,784 |  |  |  | 183,877 |
|  | $ | 2,208,015 |  |  | $ | 1,093,148 |
Liabilities |  |  |  |  |  |  |  |
Corporate Treasury Commitments |  | $ | 8,144 |  |  | $ | 636 |
Realized and Net Change in Unrealized Gains (Losses) on Financial Instruments on Financial Instruments on Which Fair Value Option was Elected | The following table presents the Realized and Net Change in Unrealized Gains (Losses) on financial instruments on which the fair value option was elected:
|  | Year Ended December 31,
|  | 2022 |  | 2021 |  | 2020
|  |  |  | Net Change |  |  |  | Net Change |  |  |  | Net Change
|  | Realized |  | in Unrealized |  | Realized |  | in Unrealized |  | Realized |  | in Unrealized
|  | Gains |  | Gains |  | Gains |  | Gains |  | Gains |  | Gains
|  | (Losses) |  | (Losses) |  | (Losses) |  | (Losses) |  | (Losses) |  | (Losses)
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans and Receivables |  | $ | (10,733 | ) |  | $ | (464 | ) |  | $ | (11,661 | ) |  | $ | 3,481 |  |  | $ | (10,314 | ) |  | $ | (2,011 | )
Equity and Preferred Securities |  |  | 22,285 |  |  |  | (91,338 | ) |  |  | 42,791 |  |  |  | 53,157 |  |  |  | (342 | ) |  |  | (67,869 | )
Debt Securities |  |  | (22,240 | ) |  |  | (19,490 | ) |  |  | 14,399 |  |  |  | (14,210 | ) |  |  | (22,783 | ) |  |  | 29,143 |
Assets of Consolidated CLO Vehicles (a) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate Loans |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (96,194 | ) |  |  | (226,542 | )
Other |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (325 | )
|  | $ | (10,688 | ) |  | $ | (111,292 | ) |  | $ | 45,529 |  |  | $ | 42,428 |  |  | $ | (129,633 | ) |  | $ | (267,604 | )
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Liabilities of Consolidated CLO Vehicles (a) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Senior Secured Notes |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 199,445 |
Subordinated Notes |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 30,046 |
Corporate Treasury Commitments |  |  | — |  |  |  | (7,508 | ) |  |  | — |  |  |  | (383 | ) |  |  | — |  |  |  | (244 | )
|  | $ | — |  |  | $ | (7,508 | ) |  | $ | — |  |  | $ | (383 | ) |  | $ | — |  |  | $ | 229,247 |
(a) | During the year ended December 31, 2020, Blackstone deconsolidated nine CLO vehicles.
Information for Financial Instruments on Which Fair Value Option was Elected | The following table presents information for those financial instruments for which the fair value option was elected:
|  | December 31, 2022 |  | December 31, 2021
|  |  |  | For Financial Assets |  |  |  | For Financial Assets
|  |  |  | Past Due (a) |  |  |  | Past Due (a)
|  | Excess |  |  |  | Excess |  | Excess |  |  |  | Excess
|  | (Deficiency) |  |  |  | (Deficiency) |  | (Deficiency) |  |  |  | (Deficiency)
|  | of Fair Value |  | Fair |  | of Fair Value |  | of Fair Value |  | Fair |  | of Fair Value
|  | Over Principal |  | Value |  | Over Principal |  | Over Principal |  | Value |  | Over Principal
Loans and Receivables |  | $ | (2,861 | ) |  | $ | — |  |  | $ | — |  |  | $ | (2,748 | ) |  | $ | — |  |  | $ | — |
Debt Securities |  |  | (48,670 | ) |  |  | — |  |  |  | — |  |  |  | (29,475 | ) |  |  | — |  |  |  | — |
|  | $ | (51,531 | ) |  | $ | — |  |  | $ | — |  |  | $ | (32,223 | ) |  | $ | — |  |  | $ | — |

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