INVESTMENTS (Tables)
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9 Months Ended |
Sep. 30, 2015 |
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| Investments |
Investments
consists of the following:
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September 30,
2015 |
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December 31,
2014 |
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Investments of Consolidated
Blackstone Funds
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$ |
4,743,145 |
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$ |
11,375,407 |
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Equity Method
Investments
|
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|
3,017,850 |
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3,240,825 |
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Blackstone’s Treasury
Cash Management Strategies
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2,158,590 |
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1,666,061 |
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Performance Fees
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5,220,114 |
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|
6,337,045 |
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Other
Investments
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159,056 |
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|
146,251 |
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$ |
15,298,755 |
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$ |
22,765,589 |
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| Reconciliation of Realized and Net Change in Unrealized Gains (Losses) to Other Income ( Loss) - Net Gains from Fund Investment Activities in Condensed Consolidated Statements of Operations |
The following
table presents the Realized and Net Change in Unrealized Gains
(Losses) on investments held by the consolidated Blackstone Funds
and a reconciliation to Other Income (Loss) — Net Gains from
Fund Investment Activities in the Condensed Consolidated Statements
of Operations:
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2015 |
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2014 |
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2015 |
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2014 |
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Realized Gains
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|
$ |
51,150 |
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$ |
32,427 |
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$ |
178,662 |
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$ |
66,366 |
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Net Change in Unrealized
Losses
|
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|
(102,340 |
) |
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|
(71,525 |
) |
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|
(100,597 |
) |
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(30,406 |
) |
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Realized and Net Change in
Unrealized Gains (Losses) from Consolidated Blackstone
Funds
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(51,190 |
) |
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(39,098 |
) |
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78,065 |
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35,960 |
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Interest and Dividend
Revenue Attributable to Consolidated Blackstone Funds
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34,323 |
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47,780 |
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80,638 |
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181,462 |
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Other Income
(Loss) — Net Gains (Losses) from Fund Investment
Activities
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$ |
(16,867 |
) |
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$ |
8,682 |
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$ |
158,703 |
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$ |
217,422 |
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| Realized and Net Change in Unrealized Gains (Losses) on Investments Held by Blackstone's Treasury Cash Management Strategies |
The following
table presents the realized and net change in unrealized gains
(losses) on investments held by Blackstone’s Treasury Cash
Management Strategies:
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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2015 |
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2014 |
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2015 |
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|
2014 |
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Realized Gains
(Losses)
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|
$ |
(3,003 |
) |
|
$ |
2,142 |
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$ |
(6,606 |
) |
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$ |
6,307 |
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Net Change in Unrealized
Gains (Losses)
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|
(8,984 |
) |
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(14,541 |
) |
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|
(12,922 |
) |
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|
1,551 |
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$ |
(11,987 |
) |
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$ |
(12,399 |
) |
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$ |
(19,528 |
) |
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$ |
7,858 |
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| Performance Fees Allocated to Funds |
Performance
Fees allocated to the general partner in respect of performance of
certain Carry Funds, funds of hedge funds and credit-focused funds
were as follows:
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Private
Equity |
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Real
Estate |
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Hedge Fund
Solutions |
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Credit |
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Total |
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Performance Fees,
December 31, 2014
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|
$ |
2,215,584 |
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$ |
3,721,751 |
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$ |
15,031 |
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$ |
384,679 |
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$ |
6,337,045 |
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Performance Fees Allocated
as a Result of Changes in Fund Fair Values
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595,918 |
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|
882,083 |
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29,019 |
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|
9,574 |
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1,516,594 |
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Foreign Exchange
Loss
|
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|
— |
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(20,321 |
) |
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— |
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— |
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(20,321 |
) |
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Fund
Distributions
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(1,164,109 |
) |
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(1,334,908 |
) |
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(12,526 |
) |
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(101,661 |
) |
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(2,613,204 |
) |
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Performance Fees,
September 30, 2015
|
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$ |
1,647,393 |
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$ |
3,248,605 |
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$ |
31,524 |
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$ |
292,592 |
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$ |
5,220,114 |
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| Realized and Net Change in Unrealized Gains (Losses), Other Investments |
The following
table presents Blackstone’s realized and net change in
unrealized gains (losses) in other investments:
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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|
2015 |
|
|
2014 |
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|
2015 |
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|
2014 |
|
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Realized Gains
(Losses)
|
|
$ |
1,282 |
|
|
$ |
(460 |
) |
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$ |
1,274 |
|
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$ |
5,152 |
|
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Net Change in Unrealized
Gains (Losses)
|
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|
(2,779 |
) |
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|
239 |
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(3,233 |
) |
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(6,252 |
) |
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$ |
(1,497 |
) |
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$ |
(221 |
) |
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$ |
(1,959 |
) |
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$ |
(1,100 |
) |
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