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INVESTMENTS
 6 Months Ended
Jun. 30, 2022
Investments in and Advances to Affiliates [Abstract]  
INVESTMENTS
5. INVESTMENTS

The Company’s investments are comprised of the following:
Percentage of total investments
June 30,December 31,June 30,December 31,
2022202120222021
Equity method investments:
Equity method - carried interest
$3,120,192 $2,998,421 79.4 %81.4 %
Equity method private investment partnership interests - principal517,616 473,887 13.2 12.9 
Equity method private investment partnership interests and other (held at fair value)122,257 117,539 3.1 3.2 
Equity method private investment partnership interests and other119,616 40,580 3.0 1.1 
Total equity method investments3,879,681 3,630,427 98.7 98.6 
Collateralized loan obligations24,774 30,815 0.6 0.8 
Other fixed income21,582 21,582 0.4 0.5 
Collateralized loan obligations and other fixed income, at fair value46,356 52,397 1.0 1.3 
Common stock, at fair value1,469 1,440 0.1 0.1 
Total investments$3,927,506 $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 and six months ended June 30, 2022 and 2021, no individual equity method investment held by the Company met the significance criteria.
The Company recognized a net loss and a net gain related to its equity method investments of $6.4 million and $53.8 million for the three months ended June 30, 2022 and 2021, respectively, and net gains of $8.8 million and $80.4 million for the six months ended June 30, 2022 and 2021, respectively. The net gains and net losses were included within principal investment income, net realized and unrealized gains (losses) on investments, and interest and dividend income in 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
June 30,December 31,June 30,December 31,
2022202120222021
Fixed income investments:
Bonds$785,085 $857,125 6.3 %6.7%
Loans9,253,491 9,910,689 73.7 77.3
U.S. Treasury securities1,000,902 1,000,285 8.0 7.8
Total fixed income investments11,039,478 11,768,099 88.0 91.8
Equity securities480,914 340,272 3.8 2.7
Partnership interests1,031,580 708,307 8.2 5.5
Total investments, at fair value$12,551,972 $12,816,678 
As of June 30, 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.