Investments (Tables)

9 Months Ended

Sep. 30, 2019

Investments, Debt and Equity Securities [Abstract]

The following table summarizes the carrying value of these investments as of September 30, 2019 and December 31, 2018:



	As of
	September 30, 2019		December 31, 2018
Fair value investments:
Securities held in Consolidated Funds^(a)	$	29,635,079	$	153,730,480
Company sponsored investments	43,200,396		33,418,088
Company sponsored equity method investments	61,143,224		16,339,649
Total Investments	$	133,978,699	$	203,488,217

(a) Of the securities held in the Consolidated Funds as of September 30, 2019, $18.8 million were held directly by the Company and $10.8 million were held by noncontrolling shareholders. Of the securities held in the Consolidated Funds as of December 31, 2018, $84.7 million were held directly by the Company and $69.0 million were held by noncontrolling shareholders.

Equity Method Investments

The following table includes the condensed summary financial information from the Company's equity method investments as of and for the periods ended September 30, 2019:



			As of
			September 30, 2019
Total assets			$	236,700,619
Total liabilities			41,168,623
Net assets			195,531,996
DHCM's portion of net assets			61,143,224

	For the Three Months Ended		For the Nine Months Ended
	September 30, 2019		September 30, 2019
Investment income	$	962,281	$	4,148,489
Expenses	345,111		955,320
Net realized gains	858,741		5,243,737
Net change in unrealized appreciation	1,719,459		11,782,498
Net income	3,195,370		20,219,404
DHCM's portion of net income	1,196,750		7,014,994