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INVESTMENTS
 3 Months Ended
Mar. 31, 2022
Investments in and Advances to Affiliates [Abstract]  
INVESTMENTS
5. INVESTMENTS

The Company’s investments are comprised of the following:
Percentage of total investments
March 31,December 31,March 31,December 31,
2022202120222021
Equity method investments:
Equity method - carried interest
$3,137,561 $2,998,421 81.2 %81.4 %
Equity method private investment partnership interests - principal503,369 473,887 13.0 12.9 
Equity method private investment partnership interests and other (held at fair value)123,089 117,539 3.2 3.2 
Equity method private investment partnership interests and other44,887 40,580 1.2 1.1 
Total equity method investments3,808,906 3,630,427 98.6 98.6 
Collateralized loan obligations29,876 30,815 0.8 0.8 
Other fixed income21,582 21,582 0.5 0.5 
Collateralized loan obligations and other fixed income, at fair value51,458 52,397 1.3 1.3 
Common stock, at fair value1,471 1,440 0.1 0.1 
Total investments$3,861,835 $3,684,264 

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 months ended March 31, 2022 and 2021, 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 $15.2 million and $26.6 million for the three months ended March 31, 2022 and 2021, respectively. The net gains were included within principal investment income, net realized and unrealized gains 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, 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
March 31,December 31,March 31,December 31,
2022202120222021
Fixed income investments:
Bonds$876,607 $857,125 6.9 %6.7%
Loans9,462,121 9,910,689 74.7 77.3
U.S. Treasury securities1,000,615 1,000,285 7.9 7.8
Investments in CLO warehouse10,000 — 0.1 —
Total fixed income investments11,349,343 11,768,099 89.6 91.8
Equity securities351,780 340,272 2.8 2.7
Partnership interests961,059 708,307 7.6 5.5
Total investments, at fair value$12,662,182 $12,816,678 
As of March 31, 2022 and December 31, 2021, no single issuer or investment, including derivative instruments and underlying portfolio investments of the Consolidated Funds, had a fair value that exceeded 5.0% of the Company’s total assets.