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Consolidated Company-Sponsored Investment Funds (Tables)
 6 Months Ended
Jun. 30, 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:
June 30, 2023December 31, 2022
(in thousands)
VIEsVOEsTotalVIEsVOEsTotal
Cash and cash equivalents$14,684 $— $14,684 $19,751 $— $19,751 
Investments306,500 15,427 321,927 516,536 — 516,536 
Other assets9,704 874 10,578 44,424 — 44,424 
Total assets$330,888 $16,301 $347,189 $580,711 $— $580,711 
Liabilities$9,712 $893 $10,605 $55,529 $— $55,529 
Redeemable non-controlling interest181,163 4,400 185,563 368,656 — 368,656 
Partners' capital attributable to AB Unitholders140,013 11,008 151,021 156,526 — 156,526 
Total liabilities, redeemable non-controlling interest and partners' capital$330,888 $16,301 $347,189 $580,711 $— $580,711 
Schedule of Redeemable Noncontrolling Interest
Changes in the redeemable non-controlling interest balance during the six-month period ended June 30, 2023 are as follows (in thousands):
Redeemable non-controlling interest as of December 31, 2022
$368,656 
Deconsolidated funds(196,277)
Changes in third-party seed investments in consolidated funds13,184 
Redeemable non-controlling interest as of June 30, 2023
$185,563 
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis
Valuation of our financial instruments by pricing observability levels as of June 30, 2023 and December 31, 2022 was as follows (in thousands):
 Level 1Level 2Level 3
NAV Expedient(1)
Other Total
June 30, 2023:
Money markets$151,698 $— $— $— $— $151,698 
Securities segregated (U.S. Treasury Bills)— 878,235 — — — 878,235 
Derivatives 1,517 16,744 — — — 18,261 
Investments:
  Equity securities 127,806 28,217 121 1,519 — 157,663 
   Limited partnership hedge funds(2)
— — — — 37,122 37,122 
   Time deposits(3)
— — — — 7,437 7,437 
   Other investments7,293 — — — 3,006 10,299 
Total investments135,099 28,217 121 1,519 47,565 212,521 
Total assets measured at fair value$288,314 $923,196 $121 $1,519 $47,565 $1,260,715 
Derivatives1,226 13,439 — — — 14,665 
Contingent payment arrangements— — 249,854 — — 249,854 
Total liabilities measured at fair value$1,226 $13,439 $249,854 $— $— $264,519 
 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 June 30, 2023 and December 31, 2022 was as follows (in thousands):
 Level 1Level 2Level 3Total
June 30, 2023:
  Investments - VIEs$54,019 $252,481 $— $306,500 
  Investments - VOEs15,427 — — 15,427 
  Derivatives - VIEs349 451 — 800 
Total assets measured at fair value$69,795 $252,932 $— $322,727 
Derivatives - VIEs614 1,691 — 2,305 
Total liabilities measured at fair value$614 $1,691 $— $2,305 
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 June 30,Six Months Ended June 30,
 2023202220232022
 (in thousands)
Balance as of beginning of period$170 $119 $129 $126 
Purchases— — — — 
Sales— — — — 
Realized gains (losses), net— — — — 
Unrealized (losses), net(49)— (8)(7)
Balance as of end of period$121 $119 $121 $119 
The change in carrying value associated with Level 3 financial instruments carried at fair value within consolidated company-sponsored investment funds was as follows:
 Three Months Ended June 30,Six Months Ended June 30,
 2023202220232022
 (in thousands)
Balance as of beginning of period$— $248 $— $3,357 
Deconsolidated funds— — — (3,351)
Transfers (out)— — — (6)
Purchases— — — 248 
Sales— (248)— (248)
Balance as of end of period$— $— $— $— 
Schedule of Offsetting of Derivative Assets
Offsetting of assets as of June 30, 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)
June 30, 2023:
Securities borrowed$48,803 $— $48,803 $(48,803)$— $— 
Derivatives$18,261 $— $18,261 $— $(7,864)$10,397 
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 June 30, 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)
June 30, 2023:
Derivatives - VIEs$800 $— $800 $— $(603)$197 
December 31, 2022:     
Derivatives - VIEs$7,552 $— $7,552 $— $(2,731)$4,821 
Schedule of Offsetting of Derivative Liabilities
Offsetting of liabilities as of June 30, 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)
June 30, 2023:
Securities loaned$144,044 $— $144,044 $(142,216)$— $1,828 
Derivatives$14,665 $— $14,665 $— $(5,635)$9,030 
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 June 30, 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)
June 30, 2023:
Derivatives - VIEs$2,305 $— $2,305 $— $(2,181)$124 
December 31, 2022:     
Derivatives - VIEs$21,540 $— $21,540 $— $(5,444)$16,096