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Investments
 12 Months Ended
Dec. 31, 2019
Investments [Abstract]  
Investments
Investments are comprised of the following at December 31 (in millions):
 
2019
 
2018
Investments of consolidated Funds held at fair value
$
119.5

 
$
124.8

Other investments held at fair value
95.5

 
104.8

Investments related to long-term incentive compensation plans held at fair value
88.8

 
91.8

Total investments held at fair value
$
303.8

 
$
321.4

Equity-accounted investments in Affiliates and consolidated Funds(1)
73.1

 
1.9

Total investments per Consolidated Balance Sheets
$
376.9

 
$
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 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. This 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 years ended December 31 (in millions):
 
2019
 
2018
 
2017
Realized and unrealized gains (losses) on other investments held at fair value
14.0

 
(1.9
)
 
12.9

Investment return of equity-accounted investments in Affiliates (Note 6)*
2.8

 
2.7

 
14.5

Gain on sale of Affiliate carried at cost
—

 
65.7

 
—

Total investment income per Consolidated Statements of Operations
$
16.8

 
$
66.5

 
$
27.4


 
 

* As previously noted, the Company reclassified its investment in Heitman to a cost-method investment as of November 30, 2017, therefore earnings from Heitman as an equity-accounted investment are included in the table above for the first eleven months of 2017.
Investment gains (losses) on net consolidated funds is comprised of the following for the years ended December 31 (in millions):
 
2019
 
2018
 
2017
Realized and unrealized gains (losses) on consolidated Funds held at fair value
$
4.2

 
$
(13.4
)
 
$
15.5

Investment return of equity-accounted investments
16.7

 
—

 
—

Total net consolidated Funds’ investment gains (losses) per Consolidated Statements of Operations
$
20.9

 
$
(13.4
)
 
$
15.5