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Other Investments | 12 Months Ended
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Dec. 31, 2020
Investments, All Other Investments [Abstract] |
Other Investments | Other Investments Other investments consist of investments in funds advised by the Company’s Affiliates that are carried at NAV as a practical expedient and investments without readily determinable fair values. The income or loss related to these investments is recorded in Investment and other income. Investments Measured at NAV as a Practical Expedient The Company’s Affiliates sponsor investment products in which the Company and its consolidated Affiliates may make general partner and seed capital investments. The Company uses the NAV of these investments as a practical expedient for their fair values. The following table summarizes the fair values of these investments and any related unfunded commitments:
|  | December 31, 2019 |  | December 31, 2020
Category of Investment |  | Fair Value |  | Unfunded Commitments |  | Fair Value |  | Unfunded Commitments
Private equity funds(1) |  | $ | 203.3 |  |  | $ | 127.2 |  |  | $ | 235.4 |  |  | $ | 122.2 |
Investments in other strategies(2) |  | 8.5 |  |  | — |  |  | 8.0 |  |  | — |
Total(3) |  | $ | 211.8 |  |  | $ | 127.2 |  |  | $ | 243.4 |  |  | $ | 122.2 |
__________________________ (1)The Company accounts for its interests in private equity funds under the equity method of accounting and, therefore, uses NAV as a practical expedient, one quarter in arrears (adjusted for current period calls and distributions) to determine the fair value. These funds primarily invest in a broad range of third-party funds and direct investments. Distributions will be received as the underlying assets are liquidated over the life of the funds, which is generally up to 15 years. (2)These are multi-disciplinary funds that invest across various asset classes and strategies, including equity, credit, and real estate. Investments are generally redeemable on a daily, monthly or quarterly basis. (3)Fair value attributable to the controlling interest was $137.6 million and $164.4 million as of December 31, 2019 and 2020, respectively. As of December 31, 2019 and 2020, the Company held investments without readily determinable fair values of zero and $13.8 million, respectively. The carrying value of these investments included an upward adjustment of $5.3 million based on an observable price change during the fourth quarter of 2020.

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- Definition The entire disclosure for investment. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 321 -URI http://asc.fasb.org/topic&trid=75115024 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI http://asc.fasb.org/topic&trid=2196928 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 325 -URI http://asc.fasb.org/topic&trid=2197064 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -URI http://asc.fasb.org/topic&trid=2196965 + Details
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- References No definition available. + Details
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