Profit Sharing Payable

3 Months Ended

Mar. 31, 2014

Profit Sharing Payable [Abstract]

Profit Sharing Payable

PROFIT SHARING PAYABLE

Profit sharing payable from private equity, credit and real estate funds consisted of the following:

	As of   March 31, 2014		As of   December 31, 2013
Private Equity	$	640,581	$	751,192
Credit	247,521		234,504
Real Estate	5,980		6,544
Total Profit Sharing Payable	$	894,082	$	992,240

The table below provides a roll-forward of the profit sharing payable balance for the three months ended March 31, 2014:

	Private Equity			Credit			Real Estate			Total
Profit sharing payable, January 1, 2014	$	751,192		$	234,504		$	6,544		$	992,240
Profit sharing expense (1)	66,095			38,466			(602		)	103,959
Payments/other	(176,706		)	(25,449		)	38			(202,117		)
Profit sharing payable, March 31, 2014	$	640,581		$	247,521		$	5,980		$	894,082

(1) Includes both of the following: i) changes in amounts payable to employees and former employees entitled to a share of carried interest income in Apollo's funds and ii) changes to the fair value of the contingent consideration obligations (see notes 5 and 14) recognized in connection with certain Apollo acquisitions.