Pay vs Performance Disclosure - USD ($)

12 Months Ended

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

Pay Versus Performance

As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation

S-K,

we are providing the following information about the relationship between executive “compensation actually paid” (as determined in accordance with the rules prescribed under Item 402(v)) to (i) each individual who has served as our principal executive officer (“PEO”) during any or all of 2020, 2021, 2022, 2023 and 2024 and (ii) our other

non-PEO

named executive officers (determined as an average, as set forth below) during each of 2020, 2021, 2022, 2023 and 2024, and our financial performance. For more information about our executive compensation program, please refer to the “Compensation Discussion and Analysis” section above.


		Summary Compensation Table Total for ($):								Compensation Actually Paid to ($):								Average Summary Compensation Table Total for Non-PEO Named Executive Officers ($) (1),(2)				Average Compensation Actually Paid to Non-PEO Named Executive Officers ($) (1),(2)				Value of Initial Fixed $100 Investment Based on:								Net Income (in millions) ($)				Fee Related Earnings (FRE) (in millions) ($) (4)
Year		Marc Rowan				Leon Black				Marc Rowan				Leon Black												Total Shareholder Return ($)				Peer Group Total Shareholder Return($) (3)				Net Income (in millions) ($)				Fee Related Earnings (FRE) (in millions) ($) (4)

2024			763,381				—				763,381				—				23,485,050				84,829,420				402				215				4,480				2,063

2023			320,760				—				320,760				—				19,897,799				49,502,529				224				156				5,001				1,768

2022			310,011				—				310,011				—				17,204,252				10,539,452				150				127				(1,961	)			1,410

2021			302,310				356,713				302,310				356,713				223,067,825				246,673,294				166				162				1,802				1,267

2020			—				423,687				—				423,687				8,846,958				8,881,144				108				115				120				1,102

(1)	The non-PEO named executive officers in 2024 consist of Messrs. Belardi, Kelly and Kleinman and Ms. Chatterjee, in 2023 and 2022 consist of Messrs. Belardi, Kelly, Kleinman and Suydam, and in 2021 and 2020 consist of Messrs. Civale, Kelly, Kleinman and Zelter (as applicable, the “Non-PEO NEOs”).

(2)

“Compensation actually paid” has been calculated in accordance with the requirements of

Item

402(v)(2)(iii) of Regulation

S-K

and does not reflect compensation actually earned, realized or received. To calculate the “compensation actually paid,” the following amounts were deducted from and added to the applicable “Summary Compensation Table Total” set forth above.

(3)	The Peer Group for these purposes is the Dow Jones U.S. Asset Manager Index.

(4)

Our company-selected measure is Fee Related Earnings (“FRE”). FRE is further described in our Annual Report on Form 10-K, including a reconciliation of non-GAAP measures to the corresponding GAAP measure within “Management’s Discussion and Analysis of Financial Condition and Results of Operations-Managing Business Performance-Key Segment and Non-U.S. GAAP Performance Measures-Fee Related Earnings, Spread Related Earnings and Principal Investing Income.”


		Summary Compensation Table Total ($)				Deductions of Reported Equity Values from Summary Compensation Table Total (a) ($)				Equity Award Adjustments to Summary Compensation Table Total (b) ($)				“Compensation Actually Paid” ($)

Marc Rowan
2024			763,381				—				—				763,381
2023			320,760				—				—				320,760
2022			310,011				—				—				310,011
2021			302,310				—				—				302,310

Leon Black
2021			356,713				—				—				356,713
2020			423,687				—				—				423,687

Average of Non-PEO Named Executive Officers
2024			23,485,050				(5,992,848	)			67,337,219				84,829,420
2023			19,897,799				(4,119,833	)			33,724,563				49,502,529
2022			17,204,252				(3,862,211	)			(2,802,589	)			10,539,452
2021			223,067,825				(206,199,646	)			229,805,115				246,673,294
2020			8,846,958				(6,008,009	)			6,042,195				8,881,144

(a)	Represents the grant date fair value of equity-based awards granted in each year, as reflected in the “Stock Awards” column of the Summary Compensation Table above.

(b)

Reflects adjustments to the value of Stock Awards, as calculated in accordance with the rules prescribed under Item 402(v) and in accordance with ASC Topic 718, which included the categories of adjustments for each year as set forth below. For additional information regarding the determination of fair value, see Note 7 to our consolidated financial statements in our

Annual

Report on Form

10-K

for the fiscal year ended December 31,

2024

.


		Year End Fair Value of Awards Granted During Year that Remained Outstanding and Unvested at Year End ($)				Year Over Year Change in Fair Value of Outstanding and Unvested Equity Awards Granted in a Prior Year that Remained Outstanding and Unvested at Year End ($)				Fair Value as of Vesting Date of Equity Awards Granted and Vested in Same Year ($)				Year Over Year Change in Fair Value of Equity Awards Granted in a Prior Year that Vested in the Year ($)				Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions During Year ($)				Value of Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Fair Value or Total Compensation ($)				Total Equity Award Adjustments ($)
Marc Rowan
2024			—				—				—				—				—				—				—
2023			—				—				—				—				—				—				—
2022			—				—				—				—				—				—				—
2021			—				—				—				—				—				—				—
Leon Black
2021			—				—				—				—				—				—				—
2020			—				—				—				—				—				—				—
Average of Non-PEO Named Executive Officers
2024			6,436,156				54,099,951				1,264,578				3,146,111				—				2,390,423				67,337,219
2023			3,221,302				25,586,288				1,838,687				792,835				—				2,285,451				33,724,563
2022			2,418,692				(8,434,175	)			1,512,065				(480,597	)			—				2,181,426				(2,802,589	)
2021			118,424,882				13,410,784				95,087,132				1,483,123				—				1,399,194				229,805,115
2020			5,460,830				(1,438,855	)			351,787				(120,870	)			—				1,789,302				6,042,195

Company Selected Measure Name

Fee Related Earnings

Named Executive Officers, Footnote

The

non-PEO

named executive officers in 2024 consist of Messrs. Belardi, Kelly and Kleinman and Ms. Chatterjee, in 2023 and 2022 consist of Messrs. Belardi, Kelly, Kleinman and Suydam, and in 2021 and 2020 consist of Messrs. Civale, Kelly, Kleinman and Zelter (as applicable, the

“Non-PEO

NEOs”).

Peer Group Issuers, Footnote

The Peer Group for these purposes is the Dow Jones U.S. Asset Manager Index.

Adjustment To PEO Compensation, Footnote


		Summary Compensation Table Total ($)				Deductions of Reported Equity Values from Summary Compensation Table Total (a) ($)				Equity Award Adjustments to Summary Compensation Table Total (b) ($)				“Compensation Actually Paid” ($)

Marc Rowan
2024			763,381				—				—				763,381
2023			320,760				—				—				320,760
2022			310,011				—				—				310,011
2021			302,310				—				—				302,310

Leon Black
2021			356,713				—				—				356,713
2020			423,687				—				—				423,687

Average of Non-PEO Named Executive Officers
2024			23,485,050				(5,992,848	)			67,337,219				84,829,420
2023			19,897,799				(4,119,833	)			33,724,563				49,502,529
2022			17,204,252				(3,862,211	)			(2,802,589	)			10,539,452
2021			223,067,825				(206,199,646	)			229,805,115				246,673,294
2020			8,846,958				(6,008,009	)			6,042,195				8,881,144


		Year End Fair Value of Awards Granted During Year that Remained Outstanding and Unvested at Year End ($)				Year Over Year Change in Fair Value of Outstanding and Unvested Equity Awards Granted in a Prior Year that Remained Outstanding and Unvested at Year End ($)				Fair Value as of Vesting Date of Equity Awards Granted and Vested in Same Year ($)				Year Over Year Change in Fair Value of Equity Awards Granted in a Prior Year that Vested in the Year ($)				Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions During Year ($)				Value of Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Fair Value or Total Compensation ($)				Total Equity Award Adjustments ($)
Marc Rowan
2024			—				—				—				—				—				—				—
2023			—				—				—				—				—				—				—
2022			—				—				—				—				—				—				—
2021			—				—				—				—				—				—				—
Leon Black
2021			—				—				—				—				—				—				—
2020			—				—				—				—				—				—				—
Average of Non-PEO Named Executive Officers
2024			6,436,156				54,099,951				1,264,578				3,146,111				—				2,390,423				67,337,219
2023			3,221,302				25,586,288				1,838,687				792,835				—				2,285,451				33,724,563
2022			2,418,692				(8,434,175	)			1,512,065				(480,597	)			—				2,181,426				(2,802,589	)
2021			118,424,882				13,410,784				95,087,132				1,483,123				—				1,399,194				229,805,115
2020			5,460,830				(1,438,855	)			351,787				(120,870	)			—				1,789,302				6,042,195

Non-PEO NEO Average Total Compensation Amount

$ 23,485,050

$ 19,897,799

$ 17,204,252

$ 223,067,825

$ 8,846,958

Non-PEO NEO Average Compensation Actually Paid Amount

$ 84,829,420

49,502,529

10,539,452

246,673,294

8,881,144

Adjustment to Non-PEO NEO Compensation Footnote


		Summary Compensation Table Total ($)				Deductions of Reported Equity Values from Summary Compensation Table Total (a) ($)				Equity Award Adjustments to Summary Compensation Table Total (b) ($)				“Compensation Actually Paid” ($)

Marc Rowan
2024			763,381				—				—				763,381
2023			320,760				—				—				320,760
2022			310,011				—				—				310,011
2021			302,310				—				—				302,310

Leon Black
2021			356,713				—				—				356,713
2020			423,687				—				—				423,687

Average of Non-PEO Named Executive Officers
2024			23,485,050				(5,992,848	)			67,337,219				84,829,420
2023			19,897,799				(4,119,833	)			33,724,563				49,502,529
2022			17,204,252				(3,862,211	)			(2,802,589	)			10,539,452
2021			223,067,825				(206,199,646	)			229,805,115				246,673,294
2020			8,846,958				(6,008,009	)			6,042,195				8,881,144


		Year End Fair Value of Awards Granted During Year that Remained Outstanding and Unvested at Year End ($)				Year Over Year Change in Fair Value of Outstanding and Unvested Equity Awards Granted in a Prior Year that Remained Outstanding and Unvested at Year End ($)				Fair Value as of Vesting Date of Equity Awards Granted and Vested in Same Year ($)				Year Over Year Change in Fair Value of Equity Awards Granted in a Prior Year that Vested in the Year ($)				Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions During Year ($)				Value of Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Fair Value or Total Compensation ($)				Total Equity Award Adjustments ($)
Marc Rowan
2024			—				—				—				—				—				—				—
2023			—				—				—				—				—				—				—
2022			—				—				—				—				—				—				—
2021			—				—				—				—				—				—				—
Leon Black
2021			—				—				—				—				—				—				—
2020			—				—				—				—				—				—				—
Average of Non-PEO Named Executive Officers
2024			6,436,156				54,099,951				1,264,578				3,146,111				—				2,390,423				67,337,219
2023			3,221,302				25,586,288				1,838,687				792,835				—				2,285,451				33,724,563
2022			2,418,692				(8,434,175	)			1,512,065				(480,597	)			—				2,181,426				(2,802,589	)
2021			118,424,882				13,410,784				95,087,132				1,483,123				—				1,399,194				229,805,115
2020			5,460,830				(1,438,855	)			351,787				(120,870	)			—				1,789,302				6,042,195

Compensation Actually Paid vs. Total Shareholder Return

The following graph shows the relationship between the “compensation actually paid” to each of Messrs. Rowan and Black and the average of the “compensation actually paid” to our

Non-PEO

NEOs (in each case, with “compensation actually paid” calculated as set forth above in accordance with the rules prescribed under Item 402(v) of Regulation

S-K)

in 2020, 2021, 2022, 2023 and

2024

and our cumulative total shareholder return (“TSR”) measured starting from December 31, 2019 for each covered fiscal year. This graph also shows the relationship between our TSR performance and the TSR performance of the Peer Group in the Pay Versus Performance Table (which is the Dow Jones U.S. Asset Manager Index) over the same period.

(1)

(1)

The “Compensation Actually Paid” to Mr. Rowan in 2021, 2022, 2023 and 2024 and to Mr. Black in 2020 and 2021 was too low compared to that paid to the

Non-PEO

NEOs to be visible in the graph.

Compensation Actually Paid vs. Net Income

The following graph shows the relationship between the “compensation actually paid” to each of Messrs. Rowan and Black and the average of the “compensation actually paid” to our

non-PEO

NEOs (in each case, with “compensation actually paid” calculated as set forth above in accordance with the rules prescribed under Item 402(v)) in 2020, 2021, 2022, 2023 and 2024 and our net income performance in 2020, 2021, 2022, 2023 and 2024.

(1)

(1)

The “Compensation Actually Paid” to Mr. Rowan in 2021, 2022, 2023 and 2024 and to Mr. Black in 2020 and 2021 was too low compared to that paid to the

Non-PEO

NEOs to be visible in the graph.

Compensation Actually Paid vs. Company Selected Measure

The following graph shows the relationship between the “compensation actually paid” to each of Messrs. Rowan and Black and the average of the “compensation actually paid” to our

non-PEO

NEOs (in each case, with “compensation actually paid” calculated as set forth above in accordance with the rules prescribed under Item 402(v)) in 2020, 2021, 2022, 2023 and 2024 and the performance of our company-selected measure, Fee Related Earnings, in 2020, 2021, 2022, 2023 and 2024.

(1)

(1)

The “Compensation Actually Paid” to Mr. Rowan in 2021, 2022, 2023 and 2024 and to Mr. Black in 2020 and 2021 was too low compared to that paid to the

Non-PEO

NEOs to be visible in the graph.

Total Shareholder Return Vs Peer Group

The following graph shows the relationship between the “compensation actually paid” to each of Messrs. Rowan and Black and the average of the “compensation actually paid” to our

Non-PEO

NEOs (in each case, with “compensation actually paid” calculated as set forth above in accordance with the rules prescribed under Item 402(v) of Regulation

S-K)

in 2020, 2021, 2022, 2023 and

2024

and our cumulative total shareholder return (“TSR”) measured starting from December 31, 2019 for each covered fiscal year. This graph also shows the relationship between our TSR performance and the TSR performance of the Peer Group in the Pay Versus Performance Table (which is the Dow Jones U.S. Asset Manager Index) over the same period.

(1)

(1)

The “Compensation Actually Paid” to Mr. Rowan in 2021, 2022, 2023 and 2024 and to Mr. Black in 2020 and 2021 was too low compared to that paid to the

Non-PEO

NEOs to be visible in the graph.

Tabular List, Table

Tabular List of Most Important Performance Measures

The following provides a list of the performance measures that we believe are the most important performance measures used to link compensation actually paid to company performance for 2024. We are providing this list in accordance with Item 402(v) of Regulation

S-K

to provide information on performance measures used by the Compensation Committee to determine NEO compensation. For more information, see the Compensation Discussion and Analysis above.

•

Fee Related Earnings

•

Adjusted Net Income

•

Realized Performance Fees

•

Spread Related Earnings

Total Shareholder Return Amount

$ 402

224

150

166

108

Peer Group Total Shareholder Return Amount

215

156

127

162

115

Net Income (Loss)

$ 4,480,000,000

$ 5,001,000,000

$ (1,961,000,000)

$ 1,802,000,000

$ 120,000,000

Company Selected Measure Amount

2,063,000,000

1,768,000,000

1,410,000,000

1,267,000,000

1,102,000,000

Pay vs Performance Disclosure

Fee Related Earnings

Non-GAAP Measure Description

Our company-selected measure is Fee Related Earnings (“FRE”). FRE is further described in our Annual Report on Form 10-K, including a reconciliation of non-GAAP measures to the corresponding GAAP measure within “Management’s Discussion and Analysis of Financial Condition and Results of Operations-Managing Business Performance-Key Segment and Non-U.S. GAAP Performance Measures-Fee Related Earnings, Spread Related Earnings and Principal Investing Income.”

Pay vs Performance Disclosure

Adjusted Net Income

Pay vs Performance Disclosure

Realized Performance Fees

Pay vs Performance Disclosure

Spread Related Earnings

Marc Rowan [Member]

Pay vs Performance Disclosure

PEO Total Compensation Amount

$ 763,381

$ 320,760

$ 310,011

$ 302,310

PEO Actually Paid Compensation Amount

$ 763,381

$ 320,760

$ 310,011

$ 302,310

Marc Rowan

Marc Rowan

Marc Rowan

Marc Rowan

Leon Black [Member]

Pay vs Performance Disclosure

PEO Total Compensation Amount

$ 356,713

$ 423,687

PEO Actually Paid Compensation Amount

$ 356,713

$ 423,687

Leon Black

Leon Black

Non-PEO NEO | Equity Awards Adjustments

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 67,337,219

$ 33,724,563

$ (2,802,589)

$ 229,805,115

$ 6,042,195

Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

6,436,156

3,221,302

2,418,692

118,424,882

5,460,830

Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

54,099,951

25,586,288

(8,434,175)

13,410,784

(1,438,855)

Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

1,264,578

1,838,687

1,512,065

95,087,132

351,787

Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

3,146,111

792,835

(480,597)

1,483,123

(120,870)

Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

2,390,423

2,285,451

2,181,426

1,399,194

1,789,302

Non-PEO NEO | Deductions of Reported Equity Values from Summary Compensation [Member]

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ (5,992,848)

$ (4,119,833)

$ (3,862,211)

$ (206,199,646)

$ (6,008,009)