XML 114 R101.htm IDEA: XBRL DOCUMENT v3.23.3
Segment Reporting - Reportable Segments Financial Data (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Dec. 31, 2022
Fund level fee revenues          
Investment income (loss) $ (17.7) $ 422.3 $ (99.2) $ 1,846.7  
Interest income 57.9 35.5 152.1 92.5  
Total revenues 716.6 1,088.5 2,037.7 3,719.3  
Compensation and benefits          
Cash-based compensation and benefits 267.6 251.4 798.4 779.7  
Realized performance revenues related compensation (53.9) 163.5 (40.4) 741.2  
Total compensation and benefits 278.1 469.1 944.8 1,660.2  
General, administrative, and other indirect expenses 143.0 149.2 470.7 387.2  
Interest expense 31.4 27.3 91.8 82.0  
Total expenses 555.1 699.6 1,805.8 2,267.3  
Realized net performance revenues (64.4) 134.6 (163.9) 605.0  
Segment assets 20,957.3   20,957.3   $ 21,403.0
Total Reportable Segments          
Compensation and benefits          
Distributable Earnings 367.4 644.4 1,027.8 1,476.0  
Realized net performance revenues 150.0 391.1   780.0  
Realized principal investment income 23.4 56.7      
Net interest 10.7 16.0      
Fee Related Earnings 204.7 212.6 605.4 632.3  
Segment assets 13,844.4   13,844.4    
Total Reportable Segments | Global Segments          
Fund level fee revenues          
Total fund level fee revenues 552.7 569.7 1,710.5 1,678.1  
Interest income 20.1 10.5 48.3 16.5  
Total revenues 776.6 1,401.7 2,508.7 3,342.4  
Compensation and benefits          
Cash-based compensation and benefits 256.0 246.7 805.3 752.2  
Realized performance revenues related compensation 30.4 373.7 286.0 741.0  
Total compensation and benefits 286.4 620.4 1,091.3 1,493.2  
General, administrative, and other indirect expenses 81.6 100.8 270.8 265.0  
Depreciation and amortization expense 10.4 9.6 29.0 28.6  
Interest expense 30.8 26.5 89.8 79.6  
Total expenses 409.2 757.3 1,480.9 1,866.4  
Distributable Earnings 367.4 644.4 1,027.8 1,476.0  
Realized net performance revenues 150.0 391.1 394.6 780.0  
Realized principal investment income 23.4 56.7 69.3 126.8  
Net interest 10.7 16.0 41.5 63.1  
Fee Related Earnings 204.7 212.6 605.4 632.3  
Segment assets 13,844.4   13,844.4    
Total Reportable Segments | Global Private Equity          
Fund level fee revenues          
Total fund level fee revenues 334.8 343.9 1,065.0 1,051.6  
Interest income 8.8 5.1 19.7 6.7  
Total revenues 522.6 1,023.4 1,701.5 2,454.8  
Compensation and benefits          
Cash-based compensation and benefits 142.3 146.7 464.6 453.9  
Realized performance revenues related compensation 18.2 283.5 209.1 588.7  
Total compensation and benefits 160.5 430.2 673.7 1,042.6  
General, administrative, and other indirect expenses 46.0 65.3 162.2 170.1  
Depreciation and amortization expense 7.1 6.3 19.7 18.9  
Interest expense 16.8 15.9 50.2 47.7  
Total expenses 230.4 517.7 905.8 1,279.3  
Distributable Earnings 292.2 505.7 795.7 1,175.5  
Realized net performance revenues 146.4 344.9 368.2 713.4  
Realized principal investment income 14.4 46.0 39.5 94.4  
Net interest 8.0 10.8 30.5 41.0  
Fee Related Earnings 139.4 125.6 418.5 408.7  
Segment assets 8,604.1   8,604.1    
Total Reportable Segments | Global Credit          
Fund level fee revenues          
Total fund level fee revenues 157.2 170.2 468.6 459.1  
Interest income 9.7 4.5 24.6 8.6  
Total revenues 177.6 246.9 554.4 592.5  
Compensation and benefits          
Cash-based compensation and benefits 81.3 69.9 246.3 214.2  
Realized performance revenues related compensation 1.4 28.9 16.8 45.0  
Total compensation and benefits 82.7 98.8 263.1 259.2  
General, administrative, and other indirect expenses 26.2 26.4 73.5 70.2  
Depreciation and amortization expense 2.1 2.1 5.8 6.0  
Interest expense 11.8 7.9 32.9 23.5  
Total expenses 122.8 135.2 375.3 358.9  
Distributable Earnings 54.8 111.7 179.1 233.6  
Realized net performance revenues 1.3 34.1 19.2 51.6  
Realized principal investment income 8.0 9.2 25.2 28.2  
Net interest 2.1 3.4 8.3 14.9  
Fee Related Earnings 47.6 71.8 143.0 168.7  
Segment assets 3,210.4   3,210.4    
Total Reportable Segments | Global Investment Solutions          
Fund level fee revenues          
Total fund level fee revenues 60.7 55.6 176.9 167.4  
Interest income 1.6 0.9 4.0 1.2  
Total revenues 76.4 131.4 252.8 295.1  
Compensation and benefits          
Cash-based compensation and benefits 32.4 30.1 94.4 84.1  
Realized performance revenues related compensation 10.8 61.3 60.1 107.3  
Total compensation and benefits 43.2 91.4 154.5 191.4  
General, administrative, and other indirect expenses 9.4 9.1 35.1 24.7  
Depreciation and amortization expense 1.2 1.2 3.5 3.7  
Interest expense 2.2 2.7 6.7 8.4  
Total expenses 56.0 104.4 199.8 228.2  
Distributable Earnings 20.4 27.0 53.0 66.9  
Realized net performance revenues 2.3 12.1 7.2 15.0  
Realized principal investment income 1.0 1.5 4.6 4.2  
Net interest 0.6 1.8 2.7 7.2  
Fee Related Earnings 17.7 15.2 43.9 54.9  
Segment assets 2,029.9   2,029.9    
Fund management fees          
Fund level fee revenues          
Total fund level fee revenues 502.6 535.9 1,511.2 1,532.9  
Fund management fees | Total Reportable Segments | Global Segments          
Fund level fee revenues          
Total fund level fee revenues 518.1 514.1 1,539.3 1,484.5  
Fund management fees | Total Reportable Segments | Global Private Equity          
Fund level fee revenues          
Total fund level fee revenues 330.1 330.1 987.2 971.3  
Fund management fees | Total Reportable Segments | Global Credit          
Fund level fee revenues          
Total fund level fee revenues 128.9 128.4 378.4 345.8  
Fund management fees | Total Reportable Segments | Global Investment Solutions          
Fund level fee revenues          
Total fund level fee revenues 59.1 55.6 173.7 167.4  
Portfolio advisory and transaction fees, net and other | Total Reportable Segments | Global Segments          
Fund level fee revenues          
Total fund level fee revenues 11.2 35.0 45.8 93.4  
Portfolio advisory and transaction fees, net and other | Total Reportable Segments | Global Private Equity          
Fund level fee revenues          
Total fund level fee revenues 4.0 7.7 14.7 21.3  
Portfolio advisory and transaction fees, net and other | Total Reportable Segments | Global Credit          
Fund level fee revenues          
Total fund level fee revenues 7.2 27.3 31.1 72.1  
Portfolio advisory and transaction fees, net and other | Total Reportable Segments | Global Investment Solutions          
Fund level fee revenues          
Total fund level fee revenues 0.0 0.0 0.0 0.0  
Fee related performance revenues | Global Investment Solutions          
Fund level fee revenues          
Total fund level fee revenues   0.0      
Fee related performance revenues | Total Reportable Segments | Global Segments          
Fund level fee revenues          
Total fund level fee revenues 23.4 20.6 125.4 100.2  
Fee related performance revenues | Total Reportable Segments | Global Private Equity          
Fund level fee revenues          
Total fund level fee revenues 0.7 6.1 63.1 59.0  
Fee related performance revenues | Total Reportable Segments | Global Credit          
Fund level fee revenues          
Total fund level fee revenues 21.1 14.5 59.1 41.2  
Fee related performance revenues | Total Reportable Segments | Global Investment Solutions          
Fund level fee revenues          
Total fund level fee revenues 1.6   3.2 0.0  
Performance allocations          
Fund level fee revenues          
Investment income (loss) (118.3) 298.1 (204.3) 1,346.2  
Performance allocations | Total Reportable Segments | Global Segments          
Fund level fee revenues          
Investment income (loss) 180.4 764.8 680.6 1,521.0  
Performance allocations | Total Reportable Segments | Global Private Equity          
Fund level fee revenues          
Investment income (loss) 164.6 628.4 577.3 1,302.1  
Performance allocations | Total Reportable Segments | Global Credit          
Fund level fee revenues          
Investment income (loss) 2.7 63.0 36.0 96.6  
Performance allocations | Total Reportable Segments | Global Investment Solutions          
Fund level fee revenues          
Investment income (loss) 13.1 73.4 67.3 122.3  
Principal investment income          
Fund level fee revenues          
Investment income (loss) 100.6 124.2 105.1 500.5  
Principal investment income | Total Reportable Segments | Global Segments          
Fund level fee revenues          
Investment income (loss) 23.4 56.7 69.3 126.8  
Principal investment income | Total Reportable Segments | Global Private Equity          
Fund level fee revenues          
Investment income (loss) 14.4 46.0 39.5 94.4  
Principal investment income | Total Reportable Segments | Global Credit          
Fund level fee revenues          
Investment income (loss) 8.0 9.2 25.2 28.2  
Principal investment income | Total Reportable Segments | Global Investment Solutions          
Fund level fee revenues          
Investment income (loss) $ 1.0 $ 1.5 $ 4.6 $ 4.2