XML 60 R49.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
FAIR VALUE - Consolidated Funds Summary of Changes in Fair Value of Level III Investments (Details) - Consolidated Funds - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning balance $ 3,603,942 $ 2,390,273
Initial consolidation of funds 2,962  
Transfers into Level III 266,905 5,580
Transfers out of Level III (336,819) (5,451)
Purchases 281,462 335,934
Sales (165,039) (63,287)
Realized gain (losses), net (82,921) 21,656
Unrealized appreciation (depreciation), net 104,646 (17,511)
Ending balance 3,675,138 2,667,194
Net change in unrealized appreciation (depreciation) attributable to assets still held at end of period 97,454 (17,654)
Corporate debt – bank debt    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning balance 1,721,888 702,497
Initial consolidation of funds 2,962  
Transfers into Level III 190,733 159
Transfers out of Level III (255,229) (4,473)
Purchases 169,907 278,808
Sales (85,491) (2,863)
Realized gain (losses), net (328) 31
Unrealized appreciation (depreciation), net 15,060 (11,843)
Ending balance 1,759,502 962,316
Net change in unrealized appreciation (depreciation) attributable to assets still held at end of period 11,488 (11,987)
Corporate debt – all other    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning balance 260,292 219,503
Initial consolidation of funds 0  
Transfers into Level III 15,359 5,421
Transfers out of Level III (65,930) (978)
Purchases 1,408 657
Sales (37,144) 0
Realized gain (losses), net 915 (228)
Unrealized appreciation (depreciation), net 1,363 2,789
Ending balance 176,263 227,164
Net change in unrealized appreciation (depreciation) attributable to assets still held at end of period (37) 2,789
Equities – common stock    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning balance 846,773 777,198
Initial consolidation of funds 0  
Transfers into Level III 54,678 0
Transfers out of Level III (15,660) 0
Purchases 86,233 44,992
Sales (42,358) (25,201)
Realized gain (losses), net 11,149 12,868
Unrealized appreciation (depreciation), net 6,006 (48)
Ending balance 946,821 809,809
Net change in unrealized appreciation (depreciation) attributable to assets still held at end of period 3,784 (49)
Equities – Preferred Stock    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning balance 599,636 616,604
Initial consolidation of funds 0  
Transfers into Level III 0 0
Transfers out of Level III 0 0
Purchases 16,966 4,191
Sales (46) (35,223)
Realized gain (losses), net (94,657) 8,987
Unrealized appreciation (depreciation), net 83,972 (11,959)
Ending balance 605,871 582,600
Net change in unrealized appreciation (depreciation) attributable to assets still held at end of period 83,972 (11,959)
Real estate    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Beginning balance 175,353 74,471
Initial consolidation of funds 0  
Transfers into Level III 6,135 0
Transfers out of Level III 0 0
Purchases 6,948 7,286
Sales 0 0
Realized gain (losses), net 0 (2)
Unrealized appreciation (depreciation), net (1,755) 3,550
Ending balance 186,681 85,305
Net change in unrealized appreciation (depreciation) attributable to assets still held at end of period $ (1,753) $ 3,552