INVESTMENTS (Tables)

12 Months Ended

Dec. 31, 2023

Investments in and Advances to Affiliates [Abstract]

Schedule of Investments Held

The following table summarizes the Company’s investments:

	As of				Percentage of total investments as of
	December 31,				December 31,
	2023		2022		2023	2022
Equity method investments:
Equity method - carried interest	$	3,413,007	$	3,106,577	73.8%	78.2%
Equity method private investment partnership interests - principal	535,292		543,592		11.6	13.7
Equity method private investment partnership interests and other (held at fair value)	418,778		123,170		9.0	3.1
Equity method private investment partnership interests and other	44,989		47,439		1.0	1.2
Total equity method investments	4,412,066		3,820,778		95.4	96.2
Fixed income securities	105,495		51,771		2.3	1.2
Collateralized loan obligations	20,799		25,163		0.4	0.6
Collateralized loan obligations and fixed income securities, at fair value	126,294		76,934		2.7	1.8
Common stock, at fair value	86,572		77,022		1.9	2.0
Total investments	$	4,624,932	$	3,974,734

The following table summarizes investments held in the Consolidated Funds:

	Fair Value as of				Percentage of total investments as of
	December 31,				December 31,
	2023		2022		2023	2022
Fixed income investments:
Loans and securitization vehicles	$	10,616,458	$	9,280,522	72.7%	70.3%
Bonds	578,949		786,961		4.0	6.0
Money market funds and U.S. treasury securities	523,038		1,013,382		3.6	7.7
Total fixed income investments	11,718,445		11,080,865		80.3	84.0
Partnership interests	1,642,489		1,392,169		11.2	10.5
Equity securities	1,240,653		731,599		8.5	5.5
Total investments, at fair value	$	14,601,587	$	13,204,633

Schedule of Equity Method Investments

The following tables present summarized financial information for the Company’s equity method investments, which are primarily funds managed by the Company:

	As of and for the Year Ended December 31, 2023
	Credit Group		Private Equity Group		Real Assets Group		Secondaries Group		Other		Total
Statement of Financial Condition
Investments	$	21,366,223	$	6,971,840	$	17,757,664	$	13,497,266	$	38,212	$	59,631,205
Total assets	23,015,503		7,110,511		18,792,446		13,808,556		38,284		62,765,300
Total liabilities	5,152,522		130,727		6,528,302		3,632,879		418		15,444,848
Total equity	17,862,981		6,979,784		12,264,144		10,175,677		37,866		47,320,452
Statement of Operations
Revenues	$	2,123,547	$	594,464	$	1,036,710	$	1,960	$	—	$	3,756,681
Expenses	(759,485)		(191,613)		(632,433)		(482,478)		(1,658)		(2,067,667)
Net realized and unrealized gains (losses) from investments	247,619		600,322		(599,200)		373,064		(7,316)		614,489
Income tax expense	(5,192)		(555)		(10,197)		—		(19)		(15,963)
Net income (loss)	$	1,606,489	$	1,002,618	$	(205,120)	$	(107,454)	$	(8,993)	$	2,287,540

	As of and for the Year Ended December 31, 2022
	Credit Group		Private Equity Group		Real Assets Group		Secondaries Group		Other		Total
Statement of Financial Condition
Investments	$	17,633,914	$	9,376,032	$	13,052,820	$	12,719,333	$	51,239	$	52,833,338
Total assets	20,883,559		9,947,821		14,440,914		12,931,082		51,825		58,255,201
Total liabilities	5,770,070		937,326		5,007,250		3,716,111		6,615		15,437,372
Total equity	15,113,489		9,010,495		9,433,664		9,214,971		45,210		42,817,829
Statement of Operations
Revenues	$	1,341,368	$	271,873	$	618,796	$	2,874	$	—	$	2,234,911
Expenses	(438,690)		(153,372)		(357,845)		(289,741)		(1,500)		(1,241,148)
Net realized and unrealized gains (losses) from investments	12,464		(482,260)		304,068		(11,173)		1,365		(175,536)
Income tax expense	(4,724)		92		(36,501)		—		(10)		(41,143)
Net income (loss)	$	910,418	$	(363,667)	$	528,518	$	(298,040)	$	(145)	$	777,084

	As of and for the Year Ended December 31, 2021
	Credit Group		Private Equity Group		Real Assets Group		Secondaries Group		Other		Total
Statement of Operations
Revenues	$	1,342,427	$	229,539	$	326,507	$	911	$	—	$	1,899,384
Expenses	(305,452)		(177,380)		(170,008)		(89,281)		(22,609)		(764,730)
Net realized and unrealized gains (losses) from investments	438,083		2,161,730		1,179,698		1,399,009		(4,898)		5,173,622
Income tax benefit (expense)	(4,511)		(19,125)		(1,167)		—		—		(24,803)
Net income (loss)	$	1,470,547	$	2,194,764	$	1,335,030	$	1,310,639	$	(27,507)	$	6,283,473

The following table presents the Company’s other income, net from to its equity method investments, which were included within principal investment income, net realized and unrealized gains on investments, and interest and dividend income within the Consolidated Statements of Operations:

	Year ended December 31,
	2023		2022		2021
Total other income, net related to equity method investments	$	86,729	$	21,657	$	114,856

The following table summarizes the changes in fair value of the Company’s equity method investments held at fair value, which are included within net realized and unrealized gains on investments within the Consolidated Statements of Operations:

	Year ended December 31,
	2023		2022		2021
Equity method private investment partnership interests and other (held at fair value)	$	50,772	$	5,626	$	7,100