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DERIVATIVE FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2019

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of fair value and notional amounts of derivative contracts by major product type on a gross basis

These amounts may be offset (to the extent that there is a legal right to offset) and presented on a net basis within other assets or accounts payable, accrued expenses and other liabilities in the Consolidated Statements of Financial Condition:


	As of December 31, 2019														As of December 31, 2018
	Assets						Liabilities						Assets				Liabilities
The Company	Notional(1)		Fair Value		Notional(1)		Fair Value		Notional(1)		Fair Value		Notional(1)		Fair Value
Foreign exchange contracts	$	67,930	$	4,023	$	10,846	$	113	$	33,026	$	1,066	$	27,140	$	869
Total derivatives, at fair value(2)	$	67,930	$	4,023	$	10,846	$	113	$	33,026	$	1,066	$	27,140	$	869


	As of December 31, 2019														As of December 31, 2018
	Assets						Liabilities						Assets				Liabilities
Consolidated Funds	Notional(1)		Fair Value		Notional(1)		Fair Value		Notional(1)		Fair Value		Notional(1)		Fair Value
Foreign exchange contracts	$	667	$	667	$	667	$	670	$	1,881	$	1,881	$	1,881	$	1,864
Asset swap - other	—		—		7,640		4,106		5,226		1,328		2,605		648
Total derivatives, at fair value(3)	$	667	$	667	$	8,307	$	4,776	$	7,107	$	3,209	$	4,486	$	2,512

(1)Represents the total contractual amount of derivative assets and liabilities outstanding.

(2)As of December 31, 2019 and December 31, 2018, the Company had the right to, but elected not to, offset $0.1 million and $0.9 million of its derivative liabilities, respectively.

(3)As of December 31, 2019 and December 31, 2018, the Consolidated Funds offset $0.1 million and $5.7 million of their derivative assets and liabilities, respectively.

The following tables present a summary of net realized gains (losses) and unrealized appreciation (depreciation) on the Company's and Consolidated Funds' derivative instruments, that are included within net realized and unrealized gains (losses) on investments in the Consolidated Statements of Operations, for the years ended December 31, 2019, 2018 and 2017:


	For the Year Ended December 31,
The Company	2019		2018		2017
Net realized gains (losses) on derivatives
Foreign currency forward contracts	2,284		(1,197)		(1,830)
Net realized gains (losses) on derivatives	$	2,284	$	(1,197)	$	(1,830)
Net change in unrealized appreciation (depreciation) on derivatives
Foreign currency forward contracts	3,713		2,338		(5,299)
Net change in unrealized appreciation (depreciation) on derivatives	$	3,713	$	2,338	$	(5,299)


	For the Year Ended December 31,
Consolidated Funds	2019		2018		2017
Net realized gains (losses) on derivatives of Consolidated Funds
Foreign currency forward contracts	8		96		(181)
Asset swap - other	(1,197)		(795)		903
Net realized gains (losses) on derivatives of Consolidated Funds	$	(1,189)	$	(699)	$	722
Net change in unrealized appreciation (depreciation) on derivatives of Consolidated Funds
Foreign currency forward contracts	(20)		15		(529)
Asset swap - other	(4,751)		(183)		2,338
Net change in unrealized appreciation (depreciation) on derivatives of Consolidated Funds	$	(4,771)	$	(168)	$	1,809

Summary of net realized and unrealized appreciation (depreciation) on derivative instruments


	For the Year Ended December 31,
The Company	2019		2018		2017
Net realized gains (losses) on derivatives
Foreign currency forward contracts	2,284		(1,197)		(1,830)
Net realized gains (losses) on derivatives	$	2,284	$	(1,197)	$	(1,830)
Net change in unrealized appreciation (depreciation) on derivatives
Foreign currency forward contracts	3,713		2,338		(5,299)
Net change in unrealized appreciation (depreciation) on derivatives	$	3,713	$	2,338	$	(5,299)


	For the Year Ended December 31,
Consolidated Funds	2019		2018		2017
Net realized gains (losses) on derivatives of Consolidated Funds
Foreign currency forward contracts	8		96		(181)
Asset swap - other	(1,197)		(795)		903
Net realized gains (losses) on derivatives of Consolidated Funds	$	(1,189)	$	(699)	$	722
Net change in unrealized appreciation (depreciation) on derivatives of Consolidated Funds
Foreign currency forward contracts	(20)		15		(529)
Asset swap - other	(4,751)		(183)		2,338
Net change in unrealized appreciation (depreciation) on derivatives of Consolidated Funds	$	(4,771)	$	(168)	$	1,809

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

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