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Consolidated Company-Sponsored Investment Funds (Tables)
 3 Months Ended
Mar. 31, 2025
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, 2025December 31, 2024
(in thousands)
VIEsVOEsTotalVIEsVOEsTotal
Cash and cash equivalents$14,651 $95 $14,746 $1,671 $318 $1,989 
Investments284,582 56,546 341,128 82,027 58,765 140,792 
Other assets9,358 2,983 12,341 1,317 13,484 14,801 
Total assets$308,591 $59,624 $368,215 $85,015 $72,567 $157,582 
Liabilities$15,674 $3,224 $18,898 $345 $1,371 $1,716 
Redeemable non-controlling interest188,779 12,877 201,656 31,670 16,819 48,489 
Partners' capital attributable to AB Unitholders104,138 43,523 147,661 53,000 54,377 107,377 
Total liabilities, redeemable non-controlling interest and partners' capital$308,591 $59,624 $368,215 $85,015 $72,567 $157,582 
Schedule of Redeemable Noncontrolling Interest
Changes in the redeemable non-controlling interest balance during the three-month period ended March 31, 2025 are as follows (in thousands):
Redeemable non-controlling interest as of December 31, 2024
$48,489 
Deconsolidated funds(968)
Changes in third-party seed investments in consolidated funds154,135 
Redeemable non-controlling interest as of March 31, 2025
$201,656 
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, 2025 and December 31, 2024 was as follows (in thousands):
 Level 1Level 2Level 3
NAV Expedient(1)
Total
March 31, 2025:
Money markets$137,086 $— $— $— $137,086 
Securities segregated (U.S. Treasury Bills)— 771,497 — — 771,497 
Derivatives 876 13,428 — — 14,304 
Equity securities181,459 30,526 119 1,980 214,084 
Other investments8,231 — — — 8,231 
Total assets measured at fair value$327,652 $815,451 $119 $1,980 $1,145,202 
Derivatives$324 $18,829 $— $— $19,153 
Contingent payment arrangements— — 8,478 — 8,478 
Total liabilities measured at fair value$324 $18,829 $8,478 $— $27,631 
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 

(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 March 31, 2025 and December 31, 2024 was as follows (in thousands):
 Level 1Level 2Total
March 31, 2025:
  Investments - VIEs$16,828 $267,754 $284,582 
  Investments - VOEs718 55,828 56,546 
  Derivatives - VIEs76 33 109 
Total assets measured at fair value$17,622 $323,615 $341,237 
Derivatives - VIEs$81 $59 $140 
Total liabilities measured at fair value$81 $59 $140 
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 
Schedule of Offsetting of Derivative Assets
Offsetting of assets as of March 31, 2025 and December 31, 2024 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, 2025:
Securities borrowed$13,243 $— $13,243 $(13,202)$— $41 
Derivatives$14,304 $— $14,304 $— $(7,161)$7,143 
December 31, 2024:      
Securities borrowed$1,144 $— $1,144 $(1,044)$— $100 
Derivatives$20,941 $— $20,941 $— $(10,357)$10,584 
Offsetting of derivative assets of consolidated company-sponsored investment funds as of March 31, 2025 and December 31, 2024 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, 2025:
Derivatives - VIEs$109 $— $109 $— $(21)$88 
December 31, 2024:     
Derivatives - VIEs$101 $— $101 $— $(2)$99 
Derivatives - VOEs11,483 — 11,483 — — 11,483 
Schedule of Offsetting of Derivative Liabilities
Offsetting of liabilities as of March 31, 2025 and December 31, 2024 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, 2025:
Securities loaned$44 $— $44 $(43)$— $1 
Derivatives$19,153 $— $19,153 $— $(11,573)$7,580 
December 31, 2024:      
Derivatives$14,944 $— $14,944 $— $(5,188)$9,756 
Offsetting of derivative liabilities of consolidated company-sponsored investment funds as of March 31, 2025 and December 31, 2024 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, 2025:
Derivatives - VIEs$140 $— $140 $— $(140)$— 
December 31, 2024:     
Derivatives - VIEs$85 $— $85 $— $(85)$—