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NON-CONTROLLING REDEEMABLE INTERESTS IN CONSOLIDATED FUNDS
12 Months Ended
Dec. 31, 2019
Non-Controlling Redeemable Interests in Consolidated Funds [Abstract]  
NON-CONTROLLING REDEEMABLE INTERESTS IN CONSOLIDATED FUNDS NON-CONTROLLING REDEEMABLE INTERESTS IN CONSOLIDATED FUNDS
The following table sets forth a summary of changes in the non-controlling redeemable interests in the consolidated funds. Dividends reinvested and in-kind contributions or distributions are non-cash in nature and have been presented on a gross basis in the table below.
 
Year Ended December 31,
 
2019
 
2018
 
2017
Beginning balance
$
961,622

 
$
860,548

 
$
344,047

Initial consolidation of a fund
96,248

 

 
296,971

Deconsolidation of funds due to restructuring
(406,058
)
 

 

Deconsolidation of funds
(423,598
)
 

 

Contributions
664,679

 
447,260

 
331,764

Distributions
(107,499
)
 
(305,406
)
 
(146,393
)
Net income (loss)
93,620

 
(40,930
)
 
29,532

Change in distributions payable
(16,105
)
 
2,469

 
1,853

Foreign-currency translation and other
3,313

 
(2,319
)
 
2,774

Ending balance
$
866,222

 
$
961,622

 
$
860,548