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Investments (Tables) | 12 Months Ended
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Dec. 31, 2022
Investments | Investments consist of the following:
|  | December 31,
|  | 2022 |  | 2021
Investments of Consolidated Blackstone Funds |  | $ | 5,136,966 |  |  | $ | 2,018,829 |
Equity Method Investments |  |  |  |  |  |  |  |
Partnership Investments |  |  | 5,530,419 |  |  |  | 5,635,212 |
Accrued Performance Allocations |  |  | 12,360,684 |  |  |  | 17,096,873 |
Corporate Treasury Investments |  |  | 1,053,540 |  |  |  | 658,066 |
Other Investments |  |  | 3,471,642 |  |  |  | 3,256,063 |
|  | $ | 27,553,251 |  |  | $ | 28,665,043 |
Reconciliation of Realized and Net Change in Unrealized Gains (Losses) to Other Income (Loss) - Net Gains (Losses) from Fund Investment Activities in Consolidated Statements of Operations | The following table presents the Realized and Net Change in Unrealized Gains (Losses) on investments held by the consolidated Blackstone Funds and a reconciliation to Other Income (Loss) — Net Gains (Losses) from Fund Investment Activities in the Consolidated Statements of Operations:
|  | Year Ended December 31,
|  | 2022 |  | 2021 |  | 2020
Realized Gains (Losses) |  | $ | 99,457 |  |  | $ | 145,305 |  |  | $ | (126,397 | )
Net Change in Unrealized Losses |  |  | (264,204 | ) |  |  | 289,938 |  |  |  | 60,363 |
Realized and Net Change in Unrealized Gains (Losses) from Consolidated Blackstone Funds |  |  | (164,747 | ) |  |  | 435,243 |  |  |  | (66,034 | )
Interest and Dividend Revenue Attributable to Consolidated Blackstone Funds |  |  | 59,605 |  |  |  | 26,381 |  |  |  | 96,576 |
Other Income (Loss) — Net Gains (Losses) from Fund Investment Activities |  | $ | (105,142 | ) |  | $ | 461,624 |  |  | $ | 30,542 |
Summarized Financial Information of Partnership's Equity Method Investments | The summarized financial information of Blackstone’s equity method investments for December 31, 2022 are as follows:
|  | December 31, 2022 and the Year Then Ended
|  | Real Estate |  | Private Equity |  | Credit & Insurance |  | Hedge Fund Solutions |  | Total
Statement of Financial Condition |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investments |  | $ | 295,985,447 |  |  | $ | 182,732,362 |  |  | $ | 87,362,311 |  |  | $ | 38,209,892 |  |  | $ | 604,290,012 |
Other Assets |  |  | 13,601,083 |  |  |  | 3,194,088 |  |  |  | 6,345,260 |  |  |  | 4,079,065 |  |  |  | 27,219,496 |
Total Assets |  | $ | 309,586,530 |  |  | $ | 185,926,450 |  |  | $ | 93,707,571 |  |  | $ | 42,288,957 |  |  | $ | 631,509,508 |
Liabilities and Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt |  | $ | 118,075,949 |  |  | $ | 22,779,131 |  |  | $ | 39,049,599 |  |  | $ | 662,805 |  |  | $ | 180,567,484 |
Other Liabilities |  |  | 7,735,780 |  |  |  | 1,310,998 |  |  |  | 5,644,625 |  |  |  | 2,092,757 |  |  |  | 16,784,160 |
Total Liabilities |  |  | 125,811,729 |  |  |  | 24,090,129 |  |  |  | 44,694,224 |  |  |  | 2,755,562 |  |  |  | 197,351,644 |
Equity |  |  | 183,774,801 |  |  |  | 161,836,321 |  |  |  | 49,013,347 |  |  |  | 39,533,395 |  |  |  | 434,157,864 |
Total Liabilities and Equity |  | $ | 309,586,530 |  |  | $ | 185,926,450 |  |  | $ | 93,707,571 |  |  | $ | 42,288,957 |  |  | $ | 631,509,508 |
Statement of Operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest Income |  | $ | 2,917,115 |  |  | $ | 2,012,916 |  |  | $ | 5,764,150 |  |  | $ | 16,069 |  |  | $ | 10,710,250 |
Other Income |  |  | 9,432,802 |  |  |  | 824,779 |  |  |  | 690,193 |  |  |  | 286,444 |  |  |  | 11,234,218 |
Interest Expense |  |  | (3,644,118 | ) |  |  | (722,626 | ) |  |  | (1,450,447 | ) |  |  | (41,522 | ) |  |  | (5,858,713 | )
Other Expenses |  |  | (11,089,520 | ) |  |  | (2,132,320 | ) |  |  | (1,303,902 | ) |  |  | (255,459 | ) |  |  | (14,781,201 | )
Net Realized and Unrealized Gain from Investments |  |  | 7,807,056 |  |  |  | 2,146,281 |  |  |  | (1,330,895 | ) |  |  | 483,946 |  |  |  | 9,106,388 |
Net Income |  | $ | 5,423,335 |  |  | $ | 2,129,030 |  |  | $ | 2,369,099 |  |  | $ | 489,478 |  |  | $ | 10,410,942 |
The summarized financial information of Blackstone’s equity method investments for December 31, 2021 are as follows:
|  | December 31, 2021 and the Year Then Ended
|  | Real Estate |  | Private Equity |  | Credit & Insurance |  | Hedge Fund Solutions |  | Total
Statement of Financial Condition |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investments |  | $ | 241,808,879 |  |  | $ | 175,726,829 |  |  | $ | 68,426,090 |  |  | $ | 39,691,668 |  |  | $ | 525,653,466 |
Other Assets |  |  | 13,463,009 |  |  |  | 5,776,462 |  |  |  | 5,412,041 |  |  |  | 3,020,159 |  |  |  | 27,671,671 |
Total Assets |  | $ | 255,271,888 |  |  | $ | 181,503,291 |  |  | $ | 73,838,131 |  |  | $ | 42,711,827 |  |  | $ | 553,325,137 |
Liabilities and Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt |  | $ | 76,760,932 |  |  | $ | 20,434,354 |  |  | $ | 30,792,984 |  |  | $ | 1,243,453 |  |  | $ | 129,231,723 |
Other Liabilities |  |  | 6,999,032 |  |  |  | 2,153,071 |  |  |  | 3,159,548 |  |  |  | 3,084,558 |  |  |  | 15,396,209 |
Total Liabilities |  |  | 83,759,964 |  |  |  | 22,587,425 |  |  |  | 33,952,532 |  |  |  | 4,328,011 |  |  |  | 144,627,932 |
Equity |  |  | 171,511,924 |  |  |  | 158,915,866 |  |  |  | 39,885,599 |  |  |  | 38,383,816 |  |  |  | 408,697,205 |
Total Liabilities and Equity |  | $ | 255,271,888 |  |  | $ | 181,503,291 |  |  | $ | 73,838,131 |  |  | $ | 42,711,827 |  |  | $ | 553,325,137 |
Statement of Operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest Income |  | $ | 1,422,743 |  |  | $ | 1,640,402 |  |  | $ | 2,584,486 |  |  | $ | 3,563 |  |  | $ | 5,651,194 |
Other Income |  |  | 6,115,960 |  |  |  | 318,485 |  |  |  | 306,490 |  |  |  | 315,894 |  |  |  | 7,056,829 |
Interest Expense |  |  | (1,475,065 | ) |  |  | (331,350 | ) |  |  | (427,459 | ) |  |  | (30,073 | ) |  |  | (2,263,947 | )
Other Expenses |  |  | (6,847,739 | ) |  |  | (1,666,930 | ) |  |  | (828,689 | ) |  |  | (282,474 | ) |  |  | (9,625,832 | )
Net Realized and Unrealized Gain from Investments |  |  | 31,078,396 |  |  |  | 43,895,781 |  |  |  | 3,562,579 |  |  |  | 4,605,235 |  |  |  | 83,141,991 |
Net Income |  | $ | 30,294,295 |  |  | $ | 43,856,388 |  |  | $ | 5,197,407 |  |  | $ | 4,612,145 |  |  | $ | 83,960,235 |
(a) | Other represents the summarized financial information of equity method investments whose results, for segment reporting purposes, have been allocated across more than one of Blackstone’s segments.
The summarized financial information of Blackstone’s equity method investments for December 31, 2020 are as follows:
|  | December 31, 2020 and the Year Then Ended
|  | Real Estate |  | Private Equity |  | Credit & Insurance |  | Hedge Fund Solutions |  | Other (a) |  | Total
Statement of Financial Condition |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investments |  | $ | 140,317,595 |  |  | $ | 112,647,584 |  |  | $ | 25,473,283 |  |  | $ | 32,829,525 |  |  | $ | 11,915 |  |  | $ | 311,279,902 |
Other Assets |  |  | 5,234,463 |  |  |  | 2,650,267 |  |  |  | 2,088,882 |  |  |  | 3,047,256 |  |  |  | 95,798 |  |  |  | 13,116,666 |
Total Assets |  | $ | 145,552,058 |  |  | $ | 115,297,851 |  |  | $ | 27,562,165 |  |  | $ | 35,876,781 |  |  | $ | 107,713 |  |  | $ | 324,396,568 |
Liabilities and Equity |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt |  | $ | 29,962,733 |  |  | $ | 15,928,802 |  |  | $ | 7,553,301 |  |  | $ | 886,292 |  |  | $ | — |  |  | $ | 54,331,128 |
Other Liabilities |  |  | 5,777,808 |  |  |  | 1,657,846 |  |  |  | 1,216,354 |  |  |  | 3,320,551 |  |  |  | 48,275 |  |  |  | 12,020,834 |
Total Liabilities |  |  | 35,740,541 |  |  |  | 17,586,648 |  |  |  | 8,769,655 |  |  |  | 4,206,843 |  |  |  | 48,275 |  |  |  | 66,351,962 |
Equity |  |  | 109,811,517 |  |  |  | 97,711,203 |  |  |  | 18,792,510 |  |  |  | 31,669,938 |  |  |  | 59,438 |  |  |  | 258,044,606 |
Total Liabilities and Equity |  | $ | 145,552,058 |  |  | $ | 115,297,851 |  |  | $ | 27,562,165 |  |  | $ | 35,876,781 |  |  | $ | 107,713 |  |  | $ | 324,396,568 |
Statement of Operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest Income |  | $ | 608,120 |  |  | $ | 1,083,534 |  |  | $ | 1,196,544 |  |  | $ | 22,157 |  |  | $ | — |  |  | $ | 2,910,355 |
Other Income |  |  | 1,074,818 |  |  |  | 71,219 |  |  |  | 323,577 |  |  |  | 283,250 |  |  |  | 115,504 |  |  |  | 1,868,368 |
Interest Expense |  |  | (1,006,311 | ) |  |  | (345,060 | ) |  |  | (211,507 | ) |  |  | (68,887 | ) |  |  | — |  |  |  | (1,631,765 | )
Other Expenses |  |  | (1,889,153 | ) |  |  | (1,405,029 | ) |  |  | (525,456 | ) |  |  | (225,384 | ) |  |  | (53,292 | ) |  |  | (4,098,314 | )
Net Realized and Unrealized Gain (Losses) from Investments |  |  | 5,150,127 |  |  |  | 7,638,733 |  |  |  | (1,965,087 | ) |  |  | 2,449,079 |  |  |  | — |  |  |  | 13,272,852 |
Net Income (Loss) |  | $ | 3,937,601 |  |  | $ | 7,043,397 |  |  | $ | (1,181,929 | ) |  | $ | 2,460,215 |  |  | $ | 62,212 |  |  | $ | 12,321,496 |
(a) | Other represents the summarized financial information of equity method investments whose results, for segment reporting purposes, have been allocated across more than one of Blackstone’s segments.
Performance Fees Allocated to Funds | Accrued Performance Allocations to Blackstone were as follows:
|  | Real Estate |  | Private Equity |  | Credit & Insurance |  | Hedge Fund Solutions |  | Total
Accrued Performance Allocations, December 31, 2021 |  | $ | 8,471,754 |  |  | $ | 7,550,468 |  |  | $ | 618,246 |  |  | $ | 456,405 |  |  | $ | 17,096,873 |
Performance Allocations as a Result of Changes in Fund Fair Values |  |  | 2,072,431 |  |  |  | (71,156 | ) |  |  | 106,622 |  |  |  | 58,216 |  |  |  | 2,166,113 |
Foreign Exchange Loss |  |  | (122,812 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (122,812 | )
Impact of Consolidation |  |  | (10,393 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (10,393 | )
Fund Distributions |  |  | (5,076,863 | ) |  |  | (1,441,737 | ) |  |  | (154,970 | ) |  |  | (95,527 | ) |  |  | (6,769,097 | )
Accrued Performance Allocations, December 31, 2022 |  | $ | 5,334,117 |  |  | $ | 6,037,575 |  |  | $ | 569,898 |  |  | $ | 419,094 |  |  | $ | 12,360,684 |
Realized and Net Change in Unrealized Gains (Losses) on Investments | The following table presents the Realized and Net Change in Unrealized Gains (Losses) on these investments:
|  | Year Ended December 31,
|  | 2022 |  | 2021 |  | 2020
Realized Gains (Losses) |  | $ | (21,511 | ) |  | $ | 741 |  |  | $ | 44,700 |
Net Change in Unrealized Gains (Losses) |  |  | (57,426 | ) |  |  | 39,549 |  |  |  | (91,299 | )
|  | $ | (78,937 | ) |  | $ | 40,290 |  |  | $ | (46,599 | )
Realized and Net Change in Unrealized Gains in Other Investments | The following table presents Blackstone’s Realized and Net Change in Unrealized Gains (Losses) in Other Investments:
|  | Year Ended December 31,
|  | 2022 |  | 2021 |  | 2020
Realized Gains |  | $ | 203,327 |  |  | $ | 163,199 |  |  | $ | 19,573 |
Net Change in Unrealized Gains (Losses) |  |  | (1,128,244 | ) |  |  | 340,867 |  |  |  | (2,647 | )
|  | $ | (924,917 | ) |  | $ | 504,066 |  |  | $ | 16,926 |

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