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Offsetting of Assets And Liabilities
 12 Months Ended
Dec. 31, 2022
Offsetting of Assets and Liabilities
12.
Offsetting of Assets and Liabilities
The following tables present the offsetting of assets and liabilities as of December 31, 2022 and 2021:
 
                                                                                                                                                                                                     
    
December 31, 2022
    
Gross and Net
Amounts of Assets
Presented in the
Statement of
Financial Condition
   
Gross Amounts Not Offset in

the Statement of

Financial Condition
     
    
Financial

Instruments (a)
   
Cash Collateral

Received
   
Net

Amount
Assets
                                    
Freestanding Derivatives
   
$
277,603
 
   
$
165,897
 
   
$
96,436
 
   
$
15,270
 
    
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
   
    
December 31, 2022
    
Gross and Net

Amounts of Liabilities

Presented in the

Statement of

Financial Condition
   
Gross Amounts Not Offset in

the Statement of

Financial Condition
   
Net
Amount
  
Financial
Instruments (a)
   
Cash Collateral

Pledged
Liabilities
                                    
Freestanding Derivatives
   
$
88,182
 
   
$
85,366
 
   
$
1,345
 
   
$
1,471
 
Repurchase Agreements
   
 
89,944
 
   
 
89,944
 
   
 
—
 
   
 
—
 
    
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
    
$
178,126
 
   
$
175,310
 
   
$
1,345
 
   
$
1,471
 
    
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
 
 
                                                                                                                                                                                                     
    
December 31, 2021
    
Gross and Net

Amounts of Assets

Presented in the

Statement of
Financial Condition
   
Gross Amounts Not Offset in

the Statement of

Financial Condition
   
Net
Amount
    
Financial
Instruments (a)
   
Cash Collateral
Received
Assets
                                    
Freestanding Derivatives
   
$
146,061
 
   
$
137,265
 
   
$
41
 
   
$
8,755
 
    
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
   
    
December 31, 2021
    
Gross and Net

Amounts of Liabilities

Presented in the

Statement of

Financial Condition
   
Gross Amounts Not Offset in

the Statement of

Financial Condition
   
Net
Amount
    
Financial
Instruments (a)
   
Cash Collateral
Pledged
Liabilities
                                    
Freestanding Derivatives
   
$
147,666
 
   
$
118,552
 
   
$
1,347
 
   
$
27,767
 
Repurchase Agreements
   
 
57,980
 
   
 
57,980
 
   
 
—
 
   
 
—
 
    
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
    
$
205,646
 
   
$
176,532
 
   
$
1,347
 
   
$
27,767
 
    
 
 
 
   
 
 
 
   
 
 
 
   
 
 
 
 
(a)
Amounts presented are inclusive of both legally enforceable master netting agreements, and financial instruments received or pledged as collateral. Financial instruments received or pledged as collateral offset derivative counterparty risk exposure, but do not reduce net balance sheet exposure.
Repurchase Agreements are presented separately in the Consolidated Statements of Financial Condition. Freestanding Derivative assets are included in Other Assets in the Consolidated Statements of Financial Condition. See Note 11. “Other Assets” for the components of Other Assets.
Freestanding Derivative liabilities are included in Accounts Payable, Accrued Expenses and Other Liabilities in the Consolidated Statements of Financial Condition.
Notional Pooling Arrangements
Blackstone has notional cash pooling arrangements with financial institutions for cash management purposes. These arrangements allow for cash withdrawals based upon aggregate cash balances on deposit at the same financial institution. Cash withdrawals cannot exceed aggregate cash balances on deposit. The net balance of cash on deposit and overdrafts is used as a basis for calculating net interest expense or income. As of December 31, 2022, the aggregate cash balance on deposit relating to the cash pooling arrangements was $805.3 million, which was offset and reported net of the accompanying overdraft of $805.2 million.