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   &lt;div align="left" style="font-size: 10pt; margin-top: 12pt"&gt;&lt;b&gt;Note 5 &amp;#8212; Related Parties&lt;/b&gt;
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   &lt;div align="left" style="font-size: 10pt; margin-top: 6pt"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;At September&amp;#160;30, 2010, the Company had receivables of $0.3&amp;#160;million due from the Greenhill
   Funds relating to expense reimbursements, which are included in due from affiliates. At December
   31, 2009, the Company had receivables of $0.2&amp;#160;million and payables of $0.4&amp;#160;million due to the
   Greenhill Funds relating to accrued management fees and expense reimbursements, which are included
   in due to affiliates. See &amp;#8220;Note 1 &amp;#8212; Organization&amp;#8221;.
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   &lt;div align="left" style="font-size: 10pt; margin-top: 6pt"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Included in accounts payable and accrued expenses are $0.3&amp;#160;million at September&amp;#160;30, 2010 and
   December&amp;#160;31, 2009, respectively, of interest payable on the undistributed earnings to the U.K.
   members of GCI. See &amp;#8220;Note 1 &amp;#8212; Organization&amp;#8221;.
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   &lt;div align="left" style="font-size: 10pt; margin-top: 6pt"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;Under the terms of the Share Sale Agreement the selling shareholder and certain non-founding
   partners of Caliburn were paid post closing distributions of accrued profits prior to the
   acquisition date of approximately AUS $7.6&amp;#160;million ($6.9&amp;#160;million). See &amp;#8220;Note 3 &amp;#8212; Acquisition&amp;#8221;.
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   &lt;div align="left" style="font-size: 10pt; margin-top: 6pt"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;In conjunction with the sale of certain assets of the merchant banking business, the Company
   agreed to sublease to GCP Capital office space for a period of three to five years beginning in
   January&amp;#160;2011. The Company did not recognize any revenue related to the sublease during the nine
   months ended September&amp;#160;30, 2010. See &amp;#8220;Note 4 &amp;#8212; Investments &amp;#8212; Affiliated Merchant Banking
   Investments&amp;#8221;.
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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