SUBSEQUENT EVENTS

3 Months Ended

Mar. 31, 2018

SUBSEQUENT EVENTS

19. SUBSEQUENT EVENTS

On April 9, 2018, Blackstone concluded its investment sub-advisory relationship with FS Investments’ funds, as previously announced. As part of the transaction, Blackstone received proceeds from FS Investments of $580.9 million which will be recorded as Revenues within the Condensed Consolidated Statement of Operations for the three months ending June 30, 2018.