Investments

6 Months Ended

Jun. 30, 2019

Investments [Abstract]

Investments

Investments are comprised of the following as of the dates indicated (in millions):

	June 30, 2019		December 31, 2018
Investments of consolidated Funds held at fair value	$	128.1	$	124.8
Other investments held at fair value	104.3		104.8
Investments related to long-term incentive compensation plans held at fair value	99.8		91.8
Total investments held at fair value	332.2		321.4
Equity-accounted investments in Affiliates and consolidated Funds(1)	49.4		1.9
Total investments per Condensed Consolidated Balance Sheets	$	381.6	$	323.3

(1) Equity-accounted investments in consolidated Funds is comprised of Investments in partnership interests where a portion of return includes carried interest. These investments are accounted for within the scope of ASC 323, Investments - Equity Method and Joint Ventures because the Company has determined it has significant influence.

In August 2017, the Company executed a non-binding term sheet to sell its stake in Heitman LLC to Heitman’s management for cash consideration totaling $110 million. Pursuant to this term sheet, BSIG entered into a redemption agreement on November 17, 2017 and the Company reclassified its investment in Heitman to a cost method investment. The transaction closed on January 5, 2018 and resulted in a gain of $65.7 million included in the table below.

Investment income is comprised of the following for the three and six months ended June 30 (in millions):

	Three Months Ended June 30,					Six Months Ended June 30,
	2019		2018			2019		2018
Realized and unrealized gains (losses) on other investments held at fair value	$	1.4	$	(1.1	)	$	7.8	$	(1.3	)
Investment return of equity-accounted investments in Affiliates	0.7		0.7			1.3		1.3
Gain on sale of Affiliate carried at cost	—		—			—		65.7
Total investment income per Condensed Consolidated Statements of Operations	$	2.1	$	(0.4	)	$	9.1	$	65.7