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Investments (Tables)
 3 Months Ended
Feb. 28, 2018
Jefferies Finance, LLC  
Schedule of Equity Method Investments [Line Items]  
Summary of Selected Financial Information
The following summarizes the activity included in our Consolidated Statements of Earnings related to the facility (in millions):
 
Three Months Ended 
 February 28,
 
2018
 
2017
Interest income
$
0.8

 
$
1.1

Unfunded commitment fees
0.2

 
0.3

The following is a summary of selected financial information for Jefferies Finance (in millions):
 
February 28, 2018
 
November 30, 2017
Our total equity balance
$
657.4

 
$
636.2


 
Three Months Ended 
 February 28,
 
2018
 
2017
Net earnings
$
42.5

 
$
42.0

The following summarizes activity related to our other transactions with Jefferies Finance (in millions):
 
Three Months Ended 
 February 28,
 
2018
 
2017
Origination and syndication fee revenues (1)
$
101.4

 
$
66.2

Origination fee expenses (1)
18.5

 
2.1

CLO placement fee revenues (2)
0.3

 
2.7

Derivative gains (losses) (3)
(0.3
)
 
(0.1
)
Underwriting fees (4)
0.3

 
—

Service fees (5)
26.1

 
20.2

(1)
We engage in debt capital markets transactions with Jefferies Finance related to the originations and syndications of loans by Jefferies Finance. In connection with such services, we earned fees, which are recognized in Investment banking revenues in our Consolidated Statements of Earnings. In addition, we paid fees to Jefferies Finance in respect of certain loans originated by Jefferies Finance, which are recognized as Business development expenses in our Consolidated Statements of Earnings.
(2)
We act as a placement agent for CLOs managed by Jefferies Finance, for which we recognized fees, which are included in Investment banking revenues in our Consolidated Statements of Earnings. At February 28, 2018 and November 30, 2017, we held securities issued by CLOs managed by Jefferies Finance, which are included in Financial instruments owned. At November 30, 2016, we provided a guarantee whereby we were required to make certain payments to a CLO in the event that Jefferies Finance was unable to meet its obligations to the CLO, which was terminated in October 2017.
(3)
We have entered into participation agreements and derivative contracts with Jefferies Finance based upon certain securities issued by the CLO and we have recognized gains (losses) relating to the derivative contracts.
(4)
We acted as underwriter in connection with term loans issued by Jefferies Finance.
(5)
Under a service agreement, we charge Jefferies Finance for services provided.
JCP Fund V  
Schedule of Equity Method Investments [Line Items]  
Summary of Selected Financial Information
The following summarizes the results from these investments which are included in Principal transactions revenues in our Consolidated Statements of Earnings (in millions):
 
Three Months Ended 
 February 28,
 
2018
 
2017
Net gains (losses) from our investments in JCP Fund V
$
6.8

 
$
(0.7
)
The following is a summary of the Net increase (decrease) in net assets resulting from operations for 100.0% of JCP Fund V, in which we own effectively 35.2% of the combined equity interests (in thousands):
 
Three Months Ended
December 31,
 
2017 (1)
 
2016 (1)
Net increase (decrease) in net assets resulting from operations
$
19,712

 
$
(2,294
)
(1)
Financial information for JCP Fund V within our results of operations for the three months ended February 28, 2018 and 2017 is included based on the presented periods
Epic Gas  
Schedule of Equity Method Investments [Line Items]  
Summary of Selected Financial Information
The following is a summary of selected financial information for Epic Gas (in millions):
 
February 28, 2018
 
November 30, 2017
Our investment in Epic Gas (1)
$
21.0

 
$
22.2

 
Three Months Ended
December 31,
 
2017 (2)
 
2016 (2)
Net loss
$
(16.4
)
 
$
(15.9
)
(1)
Included in Loans to and investments in related parties in our Consolidated Statements of Financial Condition.
(2)
Financial information for Epic Gas in our results of operations for the three months ended February 28, 2018 and 2017 is included based on the presented periods.