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INVESTMENTS
 9 Months Ended
Sep. 30, 2020
Investments in and Advances to Affiliates [Abstract]  
INVESTMENTS
4. INVESTMENTS

The Company’s investments are comprised of the following:
 Percentage of total investments as of
September 30,December 31,September 30,December 31,
2020201920202019
Equity method investments:
Equity method private investment partnership interests - principal (1)
$348,553 $390,407 21.8 %23.5 %
Equity method - carried interest (1)
1,063,570 1,134,967 66.4 68.2 
Equity method private investment partnership interests and other (held at fair value)(1)
90,408 51,528 5.6 3.1 
Equity method private investment partnership interests and other(1)
22,811 16,536 1.4 1.0 
Total equity method investments1,525,342 1,593,438 95.2 95.8 
Collateralized loan obligations (2)
26,411 22,265 1.6 1.3 
Other fixed income49,203 46,918 3.1 2.8 
Collateralized loan obligations and other fixed income, at fair value75,614 69,183 4.7 4.1 
Common stock, at fair value960 1,043 0.1 0.1 
Total investments$1,601,916 $1,663,664 

(1)Investment or portion of the investment is denominated in foreign currency and is translated into U.S. dollars at each reporting date.
(2)As of September 30, 2020, includes $2.9 million of collateralized loan obligations that are attributable to the Crestline Denali Class B membership interests.

Equity Method Investments
The Company’s equity method investments include investments that are not consolidated but over which the Company exerts significant influence. The Company evaluates each of its equity method investments to determine if any were significant as defined by guidance from the SEC. As of and for the three and nine months ended September 30, 2020 and 2019, no individual equity method investment held by the Company met the significance criteria.
The Company recognized net gains related to its equity method investments of $8.9 million and $1.8 million for the three and nine months ended September 30, 2020, respectively, and net gains of $11.1 million and $45.6 million for the three and nine months ended September 30, 2019, respectively. The net gains were included within principal investment income, net realized and unrealized gains (losses) on investments, and interest and dividend income within the Condensed Consolidated Statements of Operations.
With respect to the Company's equity method investments, the material assets are expected to generate either long-term capital appreciation and/or interest income while the material liabilities are debt instruments collateralized by, or related to, the financing of the assets and net income is materially comprised of the changes in fair value of these net assets.
Investments of the Consolidated Funds

Investments held in the Consolidated Funds are summarized below:
Fair Value atPercentage of total investments as of
September 30,December 31,September 30,December 31,
2020201920202019
Fixed income investments:
Bonds$331,228 $212,376 3.2 %2.4%
Loans9,917,197 8,062,740 93.5 92.4
Investments in CLO warehouse— 44,435 — 0.5
Total fixed income investments10,248,425 8,319,551 96.7 95.3
Equity securities47,197 112,384 0.4 1.3
Partnership interests309,234 296,012 2.9 3.4
Total investments, at fair value$10,604,856 $8,727,947 

At September 30, 2020 and December 31, 2019, no single issuer or investment, including the underlying portfolio investments of the Consolidated Funds, had a fair value that exceeded 5.0% of the Company’s total assets.