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Consolidated Company-Sponsored Investment Funds (Tables)
 6 Months Ended
Jun. 30, 2024
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, 2024December 31, 2023
(in thousands)
VIEsVOEsTotalVIEsVOEsTotal
Cash and cash equivalents$3,733 $124 $3,857 $7,572 $167 $7,739 
Investments157,618 95,452 253,070 286,619 110,555 397,174 
Other assets2,544 1,132 3,676 15,010 10,289 25,299 
Total assets$163,895 $96,708 $260,603 $309,201 $121,011 $430,212 
Liabilities$1,142 $311 $1,453 $9,699 $2,838 $12,537 
Redeemable non-controlling interest92,498 15,757 108,255 202,882 6,538 209,420 
Partners' capital attributable to AB Unitholders70,255 80,640 150,895 96,620 111,635 208,255 
Total liabilities, redeemable non-controlling interest and partners' capital$163,895 $96,708 $260,603 $309,201 $121,011 $430,212 
Schedule of Redeemable Noncontrolling Interest
Changes in the redeemable non-controlling interest balance during the six-month period ended June 30, 2024 are as follows (in thousands):
Redeemable non-controlling interest as of December 31, 2023
$209,420 
Deconsolidated funds(119,231)
Changes in third-party seed investments in consolidated funds18,066 
Redeemable non-controlling interest as of June 30, 2024
$108,255 
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, 2024 and December 31, 2023 was as follows (in thousands):
 Level 1Level 2Level 3
NAV Expedient(1)
Total
June 30, 2024:
Money markets$163,955 $— $— $— $163,955 
Securities segregated (U.S. Treasury Bills)— 591,569 — — 591,569 
Derivatives 32 15,307 — — 15,339 
Equity securities 179,045 4,695 116 30 183,886 
Other investments8,292 — — — 8,292 
Total assets measured at fair value$351,324 $611,571 $116 $30 $963,041 
Derivatives$556 $10,408 $— $— $10,964 
Contingent payment arrangements— — 255,166 — 255,166 
Total liabilities measured at fair value$556 $10,408 $255,166 $— $266,130 
December 31, 2023:
Money markets$146,906 $— $— $— $146,906 
Securities segregated (U.S. Treasury Bills)— 867,679 — — 867,679 
Derivatives 1 14,517 — — 14,518 
Equity securities113,833 32,104 118 1,598 147,653 
Other investments7,870 — — — 7,870 
Total assets measured at fair value$268,610 $914,300 $118 $1,598 $1,184,626 
Derivatives$3,511 $14,669 $— $— $18,180 
Contingent payment arrangements— — 252,690 — 252,690 
Total liabilities measured at fair value$3,511 $14,669 $252,690 $— $270,870 

(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, 2024 and December 31, 2023 was as follows (in thousands):
 Level 1Level 2Level 3Total
June 30, 2024:
  Investments - VIEs$16,392 $141,226 $— $157,618 
  Investments - VOEs13,785 81,667 — 95,452 
  Derivatives - VIEs457 107 — 564 
Total assets measured at fair value$30,634 $223,000 $— $253,634 
Derivatives - VIEs99 60 — 159 
Total liabilities measured at fair value$99 $60 $— $159 
December 31, 2023:
  Investments - VIEs$49,455 $237,164 $— $286,619 
  Investments - VOEs9,036 101,519 — 110,555 
  Derivatives - VIEs2,139 2,763 — 4,902 
  Derivatives - VOEs— 8,775 — 8,775 
Total assets measured at fair value$60,630 $350,221 $— $410,851 
Derivatives - VIEs$944 $1,587 $— $2,531 
Total liabilities measured at fair value$944 $1,587 $— $2,531 
Schedule of Offsetting of Derivative Assets
Offsetting of assets as of June 30, 2024 and December 31, 2023 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, 2024:
Securities borrowed$20,528 $— $20,528 $(20,501)$— $27 
Derivatives$15,339 $— $15,339 $— $(7,419)$7,920 
December 31, 2023:      
Securities borrowed$23,229 $— $23,229 $(23,229)$— $— 
Derivatives$14,518 $— $14,518 $— $(5,691)$8,827 
Offsetting of derivative assets of consolidated company-sponsored investment funds as of June 30, 2024 and December 31, 2023 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, 2024:
Derivatives - VIEs$564 $— $564 $— $(564)$— 
December 31, 2023:     
Derivatives - VIEs$4,902 $— $4,902 $— $(1,415)$3,487 
Schedule of Offsetting of Derivative Liabilities
Offsetting of liabilities as of June 30, 2024 and December 31, 2023 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, 2024:
Derivatives$10,964 $— $10,964 $— $(4,059)$6,905 
December 31, 2023:      
Securities loaned$125,101 $— $125,101 $(122,369)$— $2,732 
Derivatives$18,180 $— $18,180 $— $(7,795)$10,385 
Offsetting of derivative liabilities of consolidated company-sponsored investment funds as of June 30, 2024 and December 31, 2023 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, 2024:
Derivatives - VIEs$159 $— $159 $— $(159)$— 
December 31, 2023:     
Derivatives - VIEs$2,531 $— $2,531 $— $(1,408)$1,123