XML 98 R72.htm IDEA: XBRL DOCUMENT v3.6.0.2
Financial Assets and Liabilities at Fair Value (Detail) - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total Due to Affiliates [1] $ 7,748  
Securities Sold, Not Yet Purchased 215,398 [1] $ 176,667
Freestanding Derivatives, Liabilities [1] 3,903  
Total Liabilities of Consolidated Blackstone Funds [1] 7,253 12,765
Total Blackstone's Treasury Cash Management Strategies   1,682,259
Other Investments 282,491 159,152
Total Investments 9,281,603 6,455,355
Net Investment Hedges - Foreign Currency Contracts   319
Total Other Assets 3,393 4,619
Total Financial Assets 9,939,797 7,182,201
Net Investment Hedges - Foreign Currency Contracts   1
Fair value of Notes 5,471,398 3,323,435
Total Accounts Payable, Accrued Expenses and Other Liabilities   21,507
Total Financial Liabilities 5,698,172 3,521,609
Cash and Cash Equivalents - Money Market Funds 443,442 460,233
Foreign Currency Contracts 28,443 6,019
Freestanding Derivatives, Liabilities 11,376 21,507
Investments of Consolidated Funds [1] 6,480,674 4,613,944
Freestanding Derivatives    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Foreign Currency Contracts 28,443 5,700
Freestanding Derivatives, Liabilities 10,789 21,506
Loans and Receivables    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Loans and Receivables 211,359 261,994
Corporate Loans    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Corporate Loans 4,762,071 3,087,563
Investments Of Consolidated Blackstone Funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investment Funds [1] 148,993 155,512
Equity Securities [1] 240,582 216,833
Partnership and LLC Interests [1] 366,660 573,790
Debt Instruments [1] 226,371 199,846
Investments Of Consolidated Blackstone Funds | Freestanding Derivatives    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Foreign Currency Contracts [1] 22,723 1,400
Investments Of Consolidated Blackstone Funds | Corporate Loans    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Corporate Loans [1] 4,762,071 3,087,563
Corporate Treasury Investments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity Securities 281,505 240,464
Debt Instruments 2,029,502 1,240,229
Total Blackstone's Treasury Cash Management Strategies 2,518,438  
Corporate Treasury Investments | Other    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Other 207,431 201,566
Blackstone | Freestanding Derivatives    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Foreign Currency Contracts 3,393 4,300
Freestanding Derivatives, Liabilities [1] 3,536  
Credit Default Swap | Freestanding Derivatives    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Freestanding Derivatives, Liabilities [1],[2]   8,231
Credit Default Swap | Investments Of Consolidated Blackstone Funds | Freestanding Derivatives    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Freestanding Derivatives, Liabilities 3,350 6,275
Credit Default Swap | Blackstone | Freestanding Derivatives    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Freestanding Derivatives, Liabilities 215 2,411
Foreign Currency Contracts    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Freestanding Derivatives, Liabilities [1]   6,490
Net Investment Hedges - Foreign Currency Contracts 587  
Foreign Currency Contracts | Investments Of Consolidated Blackstone Funds | Freestanding Derivatives    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Foreign Currency Contracts [1] 2,327  
Foreign Currency Contracts | Blackstone | Freestanding Derivatives    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Foreign Currency Contracts 1,037 2,088
Corporate Bonds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Corporate Bonds 710,947 379,000
Corporate Bonds | Investments Of Consolidated Blackstone Funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Corporate Bonds [1] 710,947 379,000
Interest Rate Contracts | Freestanding Derivatives    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Freestanding Derivatives, Liabilities [1]   4,288
Interest Rate Contracts | Blackstone | Freestanding Derivatives    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Foreign Currency Contracts 2,356 2,212
Senior Secured Notes    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Freestanding Derivatives, Liabilities [1],[2]   3,225,064
Subordinated Notes    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of Notes [1],[2] 7,748  
Freestanding Derivatives, Liabilities [1],[2]   90,140
Liabilities of Consolidated Funds and CLO Vehicles    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of Notes [1] 5,463,650  
Liabilities of Consolidated Funds and CLO Vehicles | Freestanding Derivatives    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Freestanding Derivatives, Liabilities [1]   3,315,204
Liabilities of Consolidated Funds and CLO Vehicles | Credit Default Swap | Blackstone | Freestanding Derivatives    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Freestanding Derivatives, Liabilities [1] 215  
Liabilities of Consolidated Funds and CLO Vehicles | Foreign Currency Contracts | Blackstone | Freestanding Derivatives    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Freestanding Derivatives, Liabilities [1] 966  
Liabilities of Consolidated Funds and CLO Vehicles | Interest Rate Contracts | Blackstone | Freestanding Derivatives    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Freestanding Derivatives, Liabilities [1] 2,355  
Liabilities of Consolidated Funds and CLO Vehicles | Senior Secured Notes    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of Notes [1],[2] 5,125,804  
Liabilities of Consolidated Funds and CLO Vehicles | Subordinated Notes    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of Notes [1],[2] 337,846  
Accounts Payable Accrued Expenses and Other Liabilities Liabilities of Consolidated Blackstone Funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total Accounts Payable, Accrued Expenses and Other Liabilities 11,376  
Freestanding Derivatives, Liabilities [1]   8,741
Accounts Payable Accrued Expenses and Other Liabilities Liabilities of Consolidated Blackstone Funds | Credit Default Swap    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Freestanding Derivatives, Liabilities [1]   6,275
Accounts Payable Accrued Expenses and Other Liabilities Liabilities of Consolidated Blackstone Funds | Credit Default Swap | Freestanding Derivatives    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Freestanding Derivatives, Liabilities [1] 3,350 2,411
Accounts Payable Accrued Expenses and Other Liabilities Liabilities of Consolidated Blackstone Funds | Foreign Currency Contracts | Freestanding Derivatives    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Freestanding Derivatives, Liabilities [1]   2,042
Due to Affiliate Liabilities of Consolidated Funds and CLO Vehicles    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total Due to Affiliates [1]   8,231
Net Asset Value    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total Blackstone's Treasury Cash Management Strategies   317,223
Other Investments 18,779 17,707
Total Investments 430,110 490,442
Total Financial Assets 430,110 490,442
Investments of Consolidated Funds [1] 148,993 155,512
Net Asset Value | Investments Of Consolidated Blackstone Funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Investment Funds [1] 148,993 155,512
Net Asset Value | Corporate Treasury Investments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt Instruments 54,907 115,657
Total Blackstone's Treasury Cash Management Strategies 262,338  
Net Asset Value | Corporate Treasury Investments | Other    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Other 207,431 201,566
Level 1    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total Blackstone's Treasury Cash Management Strategies   240,464
Other Investments 163,548 40,261
Total Investments 521,434 363,459
Total Other Assets 1,883 1,806
Total Financial Assets 966,759 825,498
Total Accounts Payable, Accrued Expenses and Other Liabilities   835
Total Financial Liabilities 750 835
Cash and Cash Equivalents - Money Market Funds 443,442 460,233
Investments of Consolidated Funds [1] 76,381 82,734
Level 1 | Investments Of Consolidated Blackstone Funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity Securities [1] 76,381 82,734
Level 1 | Corporate Treasury Investments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity Securities 281,505 240,464
Total Blackstone's Treasury Cash Management Strategies 281,505  
Level 1 | Blackstone | Freestanding Derivatives    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Foreign Currency Contracts 1,883 1,806
Freestanding Derivatives, Liabilities [1] 750  
Level 1 | Interest Rate Contracts | Freestanding Derivatives    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Freestanding Derivatives, Liabilities [1]   835
Level 1 | Interest Rate Contracts | Blackstone | Freestanding Derivatives    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Foreign Currency Contracts 1,883 1,806
Level 1 | Liabilities of Consolidated Funds and CLO Vehicles | Interest Rate Contracts | Blackstone | Freestanding Derivatives    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Freestanding Derivatives, Liabilities [1] 750  
Level 1 | Accounts Payable Accrued Expenses and Other Liabilities Liabilities of Consolidated Blackstone Funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total Accounts Payable, Accrued Expenses and Other Liabilities 750  
Freestanding Derivatives, Liabilities [1]   835
Level 2    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total Due to Affiliates [1] 7,748  
Securities Sold, Not Yet Purchased 215,398 [1] 176,667
Freestanding Derivatives, Liabilities [1] 3,903  
Total Liabilities of Consolidated Blackstone Funds [1] 7,253 12,765
Total Blackstone's Treasury Cash Management Strategies   1,069,915
Total Investments 7,513,598 4,671,221
Net Investment Hedges - Foreign Currency Contracts   319
Total Other Assets 1,510 2,813
Total Financial Assets 7,515,108 4,674,034
Net Investment Hedges - Foreign Currency Contracts   1
Total Accounts Payable, Accrued Expenses and Other Liabilities   20,672
Total Financial Liabilities 5,697,422 3,520,774
Investments of Consolidated Funds [1] 5,569,427 3,601,306
Level 2 | Investments Of Consolidated Blackstone Funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity Securities [1] 70,544 53,250
Partnership and LLC Interests [1] 29,430 101,399
Debt Instruments [1] 219,049 179,465
Level 2 | Investments Of Consolidated Blackstone Funds | Freestanding Derivatives    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Foreign Currency Contracts [1] 22,723 1,400
Level 2 | Investments Of Consolidated Blackstone Funds | Corporate Loans    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Corporate Loans [1] 4,514,407 2,886,792
Level 2 | Corporate Treasury Investments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt Instruments 1,944,171 1,069,915
Total Blackstone's Treasury Cash Management Strategies 1,944,171  
Level 2 | Blackstone | Freestanding Derivatives    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Foreign Currency Contracts 1,510 2,494
Freestanding Derivatives, Liabilities [1] 2,786  
Level 2 | Credit Default Swap | Freestanding Derivatives    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Freestanding Derivatives, Liabilities [1],[2]   8,231
Level 2 | Foreign Currency Contracts    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Freestanding Derivatives, Liabilities [1]   6,490
Net Investment Hedges - Foreign Currency Contracts 587  
Level 2 | Foreign Currency Contracts | Investments Of Consolidated Blackstone Funds | Freestanding Derivatives    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Foreign Currency Contracts [1] 2,327  
Level 2 | Foreign Currency Contracts | Blackstone | Freestanding Derivatives    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Foreign Currency Contracts 1,037 2,088
Level 2 | Corporate Bonds | Investments Of Consolidated Blackstone Funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Corporate Bonds [1] 710,947 379,000
Level 2 | Interest Rate Contracts | Freestanding Derivatives    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Freestanding Derivatives, Liabilities [1]   3,453
Level 2 | Interest Rate Contracts | Blackstone | Freestanding Derivatives    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Foreign Currency Contracts 473 406
Level 2 | Senior Secured Notes    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Freestanding Derivatives, Liabilities [1],[2]   3,225,064
Level 2 | Subordinated Notes    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of Notes [1],[2] 7,748  
Freestanding Derivatives, Liabilities [1],[2]   90,140
Level 2 | Liabilities of Consolidated Funds and CLO Vehicles    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of Notes [1] 5,463,650  
Level 2 | Liabilities of Consolidated Funds and CLO Vehicles | Freestanding Derivatives    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Freestanding Derivatives, Liabilities [1]   3,315,204
Level 2 | Liabilities of Consolidated Funds and CLO Vehicles | Credit Default Swap | Blackstone | Freestanding Derivatives    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Freestanding Derivatives, Liabilities [1] 215  
Level 2 | Liabilities of Consolidated Funds and CLO Vehicles | Foreign Currency Contracts | Blackstone | Freestanding Derivatives    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Freestanding Derivatives, Liabilities [1] 966  
Level 2 | Liabilities of Consolidated Funds and CLO Vehicles | Interest Rate Contracts | Blackstone | Freestanding Derivatives    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Freestanding Derivatives, Liabilities [1] 1,605  
Level 2 | Liabilities of Consolidated Funds and CLO Vehicles | Senior Secured Notes    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of Notes [1],[2] 5,125,804  
Level 2 | Liabilities of Consolidated Funds and CLO Vehicles | Subordinated Notes    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Fair value of Notes [1],[2] 337,846  
Level 2 | Accounts Payable Accrued Expenses and Other Liabilities Liabilities of Consolidated Blackstone Funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total Accounts Payable, Accrued Expenses and Other Liabilities 10,626  
Freestanding Derivatives, Liabilities [1]   7,906
Level 2 | Accounts Payable Accrued Expenses and Other Liabilities Liabilities of Consolidated Blackstone Funds | Credit Default Swap    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Freestanding Derivatives, Liabilities [1]   6,275
Level 2 | Accounts Payable Accrued Expenses and Other Liabilities Liabilities of Consolidated Blackstone Funds | Credit Default Swap | Freestanding Derivatives    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Freestanding Derivatives, Liabilities [1] 3,350 2,411
Level 2 | Accounts Payable Accrued Expenses and Other Liabilities Liabilities of Consolidated Blackstone Funds | Foreign Currency Contracts | Freestanding Derivatives    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Freestanding Derivatives, Liabilities [1]   2,042
Level 2 | Due to Affiliate Liabilities of Consolidated Funds and CLO Vehicles    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total Due to Affiliates [1]   8,231
Level 3    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Total Blackstone's Treasury Cash Management Strategies   54,657
Other Investments 100,164 101,184
Total Investments 816,461 930,233
Total Financial Assets 1,027,820 1,192,227
Total Financial Liabilities 0  
Investments of Consolidated Funds [1] 685,873 774,392
Level 3 | Loans and Receivables    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Loans and Receivables 211,359 261,994
Level 3 | Investments Of Consolidated Blackstone Funds    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Equity Securities [1] 93,657 80,849
Partnership and LLC Interests [1] 337,230 472,391
Debt Instruments [1] 7,322 20,381
Level 3 | Investments Of Consolidated Blackstone Funds | Corporate Loans    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Corporate Loans [1] 247,664 200,771
Level 3 | Corporate Treasury Investments    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Debt Instruments 30,424 $ 54,657
Total Blackstone's Treasury Cash Management Strategies $ 30,424  
[1] Pursuant to GAAP consolidation guidance, the Partnership is required to consolidate all VIEs in which it has been identified as the primary beneficiary, including certain CLO vehicles, and other funds in which a consolidated entity of the Partnership, as the general partner of the fund, has a controlling financial interest. While the Partnership is required to consolidate certain funds, including CLO vehicles, for GAAP purposes, the Partnership has no ability to utilize the assets of these funds and there is no recourse to the Partnership for their liabilities since these are client assets and liabilities.
[2] Senior and subordinate notes issued by CLO vehicles are classified based on the more observable fair value of CLO assets less (a) the fair value of any beneficial interests held by Blackstone, and (b) the carrying value of any beneficial interests that represent compensation for services.