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Consolidated Company-Sponsored Investment Funds (Tables)
 12 Months Ended
Dec. 31, 2024
Consolidated Company-Sponsored Investment Funds [Abstract]  
Balances of Consolidated VIEs and VOEs Included In Condensed Consolidated Statements of Financial Condition
The balances of consolidated VIEs and VOEs included in our consolidated statements of financial condition were as follows:
December 31, 2024December 31, 2023
(in thousands)
VIEsVOEsTotalVIEsVOEsTotal
Cash and cash equivalents$1,671 $318 $1,989 $7,572 $167 $7,739 
Investments82,027 58,765 140,792 286,619 110,555 397,174 
Other assets1,317 13,484 14,801 15,010 10,289 25,299 
Total assets$85,015 $72,567 $157,582 $309,201 $121,011 $430,212 
Liabilities$345 $1,371 $1,716 $9,699 $2,838 $12,537 
Redeemable non-controlling interest31,670 16,819 48,489 202,882 6,538 209,420 
Partners' capital attributable to AB Unitholders53,000 54,377 107,377 96,620 111,635 208,255 
Total liabilities, redeemable non-controlling interest and partners' capital
$85,015 $72,567 $157,582 $309,201 $121,011 $430,212 
Redeemable Non-controlling Interest
Changes in the redeemable non-controlling interest balance during the twelve-month period ended December 31, 2024 are as follows (in thousands):
Redeemable non-controlling interest as of December 31, 2023$209,420 
Deconsolidated funds(206,806)
Changes in third-party seed investments in consolidated funds45,875 
Redeemable non-controlling interest as of December 31, 2024
$48,489 
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis
Valuation of our financial instruments by pricing observability levels as of December 31, 2024 and 2023 was as follows (in thousands):
 Level 1Level 2Level 3
NAV Expedient(1)
Total
December 31, 2024
Money markets$146,781 $— $— $— $146,781 
Securities segregated (U.S. Treasury Bills)— 499,245 — — 499,245 
Derivatives 2,835 18,106 — — 20,941 
Equity securities193,766 5,921 121 2,016 201,824 
Other Investments8,593 — — — 8,593 
Total assets measured at fair value$351,975 $523,272 $121 $2,016 $877,384 
Derivatives$33 $14,911 $— $— $14,944 
Contingent payment arrangements— — 9,385 — 9,385 
Total liabilities measured at fair value$33 $14,911 $9,385 $— $24,329 
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.
Valuation of consolidated company-sponsored investment funds' financial instruments by pricing observability levels as of December 31, 2024 and 2023 was as follows (in thousands):
 Level 1Level 2Level 3Total
December 31, 2024:
Investments - VIEs$15,240 $66,787 $— $82,027 
Investments - VOEs249 58,516 — 58,765 
Derivatives - VIEs48 53 — 101 
Derivatives - VOEs— 11,483 — 11,483 
Total assets measured at fair value$15,537 $136,839 $— $152,376 
Derivatives - VIEs$72 $13 $— $85 
Total liabilities measured at fair value$72 $13 $— $85 
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 
Offsetting of Derivative Assets
Offsetting of assets as of December 31, 2024 and 2023 was as follows:
Gross
Amounts of
Recognized
Assets		Gross
Amounts
Offset in the
Statement
of Financial
Condition		Net
Amounts of
Assets
Presented in
the
Statement of
Financial
Condition		Financial
Instruments Collateral		Cash
Collateral
Received		Net
Amount
(in thousands)
December 31, 2024
Securities borrowed$1,144 $— $1,144 $(1,044)$— $100 
Derivatives20,941 — 20,941 — (10,357)10,584 
December 31, 2023
Securities borrowed$23,229 $— $23,229 $(23,229)$— $— 
Derivatives14,518 — 14,518 — (5,691)8,827 
Offsetting of derivative assets of consolidated company-sponsored investment funds as of December 31, 2024 and 2023 was as follows:
 Gross Amounts
of Recognized
Assets		Gross Amounts
Offset in the
Statement of
Financial
Condition		Net Amounts of
Assets
Presented in the
Statement of
Financial
Condition		Financial
Instruments		Cash Collateral
Received		Net
Amount
 (in thousands)
December 31, 2024:
Derivatives - VIEs$101 $— $101 $— $(2)$99 
Derivatives - VOEs11,483 — 11,483 — — 11,483 
December 31, 2023:
Derivatives - VIEs$4,902 $— $4,902 $— $(1,415)$3,487 
Offsetting of Derivative Liabilities
Offsetting of liabilities as of December 31, 2024 and 2023 was as follows:
Gross
Amounts of
Recognized
Liabilities		Gross
Amounts
Offset in the
Statement
of
Financial
Condition		Net
Amounts
of Liabilities
Presented in
the
Statement
of Financial
Condition		Financial
Instruments Collateral		Cash
Collateral
Pledged		Net
Amount
(in thousands)
December 31, 2024
Derivatives$14,944 $— $14,944 $— $(5,188)$9,756 
December 31, 2023
Securities loaned$125,101 $— $125,101 $(122,369)$— $2,732 
Derivatives18,180 — 18,180 — (7,795)10,385 
Offsetting of derivative liabilities of consolidated company-sponsored investment funds as of December 31, 2024 and 2023 was as follows:
 Gross
 Amounts of
Recognized
Liabilities		Gross Amounts
Offset in the
Statement of
Financial
Condition		Net Amounts
of Liabilities
Presented in the
Statement of
Financial
Condition		Financial
Instruments		Cash Collateral
Pledged		Net
Amount
 (in thousands)
December 31, 2024:
Derivatives - VIEs$85 $— $85 $— $(85)$— 
December 31, 2023:
Derivatives - VIEs$2,531 $— $2,531 $— $(1,408)$1,123