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Consolidated Company-Sponsored Investment Funds (Tables)
 3 Months Ended
Mar. 31, 2023
Consolidated Company-Sponsored Investment Funds [Abstract]  
Balances of Consolidated VIEs and VOEs included in Statement of Financial Condition
The balances of consolidated VIEs and VOEs included in our condensed consolidated statements of financial condition were as follows:
March 31, 2023December 31, 2022
(in thousands)
VIEsVOEsTotalVIEsVOEsTotal
Cash and cash equivalents$20,417 $— $20,417 $19,751 $— $19,751 
Investments526,530 16,809 543,339 516,536 — 516,536 
Other assets30,556 239 30,795 44,424 — 44,424 
Total assets$577,503 $17,048 $594,551 $580,711 $— $580,711 
Liabilities$43,586 $61 $43,647 $55,529 $— $55,529 
Redeemable non-controlling interest374,736 1,554 376,290 368,656 — 368,656 
Partners' capital attributable to AB Unitholders159,181 15,433 174,614 156,526 — 156,526 
Total liabilities, redeemable non-controlling interest and partners' capital$577,503 $17,048 $594,551 $580,711 $— $580,711 
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis
Valuation of our financial instruments by pricing observability levels as of March 31, 2023 and December 31, 2022 was as follows (in thousands):
 Level 1Level 2Level 3
NAV Expedient(1)
Other Total
March 31, 2023:
Money markets$95,690 $— $— $— $— $95,690 
Securities segregated (U.S. Treasury Bills)— 1,054,638 — — — 1,054,638 
Derivatives 4 16,683 — — — 16,687 
Investments:
  Equity securities 121,971 28,255 170 1,524 — 151,920 
   Limited partnership hedge funds(2)
— — — — 42,570 42,570 
   Time deposits(3)
— — — — 7,528 7,528 
   Other investments6,894 — — — 3,026 9,920 
Total investments128,865 28,255 170 1,524 53,124 211,938 
Total assets measured at fair value$224,559 $1,099,576 $170 $1,524 $53,124 $1,378,953 
Derivatives4,878 11,533 — — — 16,411 
Contingent payment arrangements— — 248,185 — — 248,185 
Total liabilities measured at fair value$4,878 $11,533 $248,185 $— $— $264,596 
 Level 1Level 2Level 3
NAV Expedient(1)
Other Total
December 31, 2022:
Money markets$95,521 $— $— $— $— $95,521 
Securities segregated (U.S. Treasury Bills)— 1,521,705 — — — 1,521,705 
Derivatives 1,768 22,944 — — — 24,712 
Investments:
  Equity securities129,655 27,799 129 1,484 — 159,067 
    Limited partnership hedge funds(2)
— — — — 42,526 42,526 
    Time deposits(3)
— — — — 7,750 7,750 
    Other investments6,689 — — — 1,486 8,175 
Total investments136,344 27,799 129 1,484 51,762 217,518 
Total assets measured at fair value$233,633 $1,572,448 $129 $1,484 $51,762 $1,859,456 
Derivatives162 13,550 — — — 13,712 
Contingent payment arrangements— — 247,309 — — 247,309 
Total liabilities measured at fair value$162 $13,550 $247,309 $— $— $261,021 

(1) Investments measured at fair value using NAV (or its equivalent) as a practical expedient.
(2) Investments in equity method investees that are not measured at fair value in accordance with GAAP.
(3) Investments carried at amortized cost that are not measured at fair value in accordance with GAAP.
Valuation of consolidated company-sponsored investment funds' financial instruments by pricing observability levels as of March 31, 2023 and December 31, 2022 was as follows (in thousands):
 Level 1Level 2Level 3Total
March 31, 2023:
  Investments - VIEs$125,788 $400,742 $— $526,530 
  Investments - VOEs16,809 — — 16,809 
  Derivatives - VIEs1,211 2,459 — 3,670 
Total assets measured at fair value$143,808 $403,201 $— $547,009 
Derivatives - VIEs14,830 1,481 — 16,311 
Total liabilities measured at fair value$14,830 $1,481 $— $16,311 
December 31, 2022:
  Investments - VIEs$129,706 $386,830 $— $516,536 
  Derivatives - VIEs1,529 6,023 — 7,552 
Total assets measured at fair value$131,235 $392,853 $— $524,088 
Derivatives - VIEs$14,932 $6,608 $— $21,540 
Total liabilities measured at fair value$14,932 $6,608 $— $21,540 
Schedule of Change in Carrying Value Level 3 Financial Instruments
The change in carrying value associated with Level 3 financial instruments carried at fair value, classified as equity securities, is as follows:
 Three Months Ended March 31,
 20232022
 (in thousands)
Balance as of beginning of period$129 $126 
Purchases— — 
Sales— — 
Realized gains (losses), net— — 
Unrealized gains (losses), net41 (7)
Balance as of end of period$170 $119 
The change in carrying value associated with Level 3 financial instruments carried at fair value within consolidated company-sponsored investment funds was as follows:
 Three Months Ended March 31,
 20232022
 (in thousands)
Balance as of beginning of period$— $3,357 
Deconsolidated funds— (3,351)
Transfers (out)— (6)
Purchases— 248 
Balance as of end of period$— $248 
Schedule of Offsetting of Derivative Assets
Offsetting of assets as of March 31, 2023 and December 31, 2022 was as follows:
 
 Gross Amounts of Recognized AssetsGross Amounts Offset in the Statement of Financial ConditionNet Amounts of Assets Presented in the Statement of Financial ConditionFinancial
Instruments Collateral		Cash Collateral
Received		Net
Amount
 (in thousands)
March 31, 2023:
Securities borrowed$45,772 $— $45,772 $(45,772)$— $— 
Derivatives$16,687 $— $16,687 $— $(7,871)$8,816 
December 31, 2022:      
Securities borrowed$62,063 $— $62,063 $(62,058)$— $5 
Derivatives$24,712 $— $24,712 $— $(8,361)$16,351 
Offsetting of derivative assets of consolidated company-sponsored investment funds as of March 31, 2023 and December 31, 2022 was as follows:
 
 Gross Amounts of Recognized AssetsGross Amounts Offset in the Statement of Financial ConditionNet Amounts of Assets Presented in the Statement of Financial ConditionFinancial
Instruments Collateral		Cash Collateral
Received		Net
Amount
 (in thousands)
March 31, 2023:
Derivatives - VIEs$3,670 $— $3,670 $— $(1,689)$1,981 
December 31, 2022:     
Derivatives - VIEs$7,552 $— $7,552 $— $(2,731)$4,821 
Schedule of Offsetting of Derivative Liabilities
Offsetting of liabilities as of March 31, 2023 and December 31, 2022 was as follows:
 Gross Amounts of Recognized LiabilitiesGross Amounts Offset in the Statement of Financial ConditionNet Amounts of Liabilities Presented in the Statement of Financial ConditionFinancial
Instruments Collateral		Cash Collateral
Pledged		Net Amount
 (in thousands)
March 31, 2023:
Securities loaned$274,650 $— $274,650 $(271,957)$— $2,693 
Derivatives$16,411 $— $16,411 $— $(9,987)$6,424 
December 31, 2022:      
Securities loaned$272,580 $— $272,580 $(267,053)$— $5,527 
Derivatives$13,712 $— $13,712 $— $(4,158)$9,554 
Offsetting of derivative liabilities of consolidated company-sponsored investment funds as of March 31, 2023 and December 31, 2022 was as follows:
 Gross Amounts of Recognized LiabilitiesGross Amounts Offset in the Statement of Financial ConditionNet Amounts of Liabilities Presented in the Statement of Financial ConditionFinancial
Instruments Collateral		Cash Collateral
Pledged		Net Amount
 (in thousands)
March 31, 2023:
Derivatives - VIEs$16,311 $— $16,311 $— $(4,634)$11,677 
December 31, 2022:     
Derivatives - VIEs$21,540 $— $21,540 $— $(5,444)$16,096