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Investments
 9 Months Ended
Sep. 30, 2019
Investments [Abstract]  
Investments
Investments are comprised of the following as of the dates indicated (in millions):
 
September 30,
2019
 
December 31,
2018
Investments of consolidated Funds held at fair value
$
124.6

 
$
124.8

Other investments held at fair value
102.4

 
104.8

Investments related to long-term incentive compensation plans held at fair value
95.4

 
91.8

Total investments held at fair value
322.4

 
321.4

Equity-accounted investments in Affiliates and consolidated Funds(1)
56.2

 
1.9

Total investments per Condensed Consolidated Balance Sheets
$
378.6

 
$
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 nine months ended September 30 (in millions):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
Realized and unrealized gains (losses) on other investments held at fair value
$
1.5

 
$
3.1

 
$
9.3

 
$
1.8

Investment return of equity-accounted investments in Affiliates
0.8

 
0.8

 
2.1

 
2.1

Gain on sale of Affiliate carried at cost
—

 
—

 
—

 
65.7

Total investment income per Condensed Consolidated Statements of Operations
$
2.3

 
$
3.9

 
$
11.4

 
$
69.6



Investment gains (losses) on net consolidated funds is comprised of the following for the three and nine months ended September 30 (in millions):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
Realized and unrealized gains (losses) on consolidated Funds held at fair value
$
(0.4
)
 
$
(1.1
)
 
$
2.6

 
$
(6.8
)
Investment return of equity-accounted investments
5.1

 
—

 
11.2

 
—

Total net consolidated Funds’ investment gains (losses) per Condensed Consolidated Statements of Operations
$
4.7

 
$
(1.1
)
 
$
13.8

 
$
(6.8
)