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Investments in Affiliates and Affiliate Sponsored Investment Products
 12 Months Ended
Dec. 31, 2022
Variable Interest Entities  
Investments in Affiliates and Affiliate Sponsored Investment Products Investments in Affiliates and Affiliate Sponsored Investment Products
Investments in Affiliates
The Company’s Affiliates are consolidated or accounted for under the equity method, depending upon the underlying structure of and relationship with each Affiliate.
Substantially all of the Company’s consolidated Affiliates are considered VIEs. The unconsolidated assets, net of liabilities and non-controlling interests of Affiliates accounted for under the equity method considered VIEs, and the Company’s carrying value and maximum exposure to loss, were as follows:
December 31, 2021December 31, 2022
Unconsolidated
VIE Net Assets		Carrying Value and
Maximum Exposure
to Loss		Unconsolidated
VIE Net Assets		Carrying Value and
Maximum Exposure
to Loss
Affiliates accounted for under the equity method$1,864.7 $2,023.0 $1,273.5 $2,051.6 
As of December 31, 2021 and 2022, the carrying value and maximum exposure to loss for all of the Company’s Affiliates accounted for under the equity method was $2,134.4 million and $2,139.5 million, respectively, including Affiliates accounted for under the equity method considered VREs of $111.4 million and $87.9 million, respectively.
Affiliate Sponsored Investment Products
The Company’s carrying value, and maximum exposure to loss from unconsolidated Affiliate sponsored investment products, is its or its consolidated Affiliates’ interests in the unconsolidated net assets of the respective products. The net assets of unconsolidated VIEs attributable to Affiliate sponsored investment products, and the Company’s carrying value and maximum exposure to loss, were as follows:
 December 31, 2021December 31, 2022
Unconsolidated
VIE Net Assets		Carrying Value and
Maximum Exposure
to Loss		Unconsolidated
VIE Net Assets		Carrying Value and
Maximum Exposure
to Loss
Affiliate sponsored investment products$4,958.5 $15.7 $4,878.6 $15.3