Investments (Tables)

12 Months Ended

Dec. 31, 2014

Schedule of Investments [Line Items]

Schedule of Investments in and Advances to Affiliates, Schedule of Investments

At December 31, 2014, the Company’s investments consist of investments in certain previously sponsored merchant banking funds: Greenhill Capital Partners (“GCP I”) and Greenhill Capital Partners II (“GCP II”) and an interest in Barrow Street III, a real estate investment fund.

The carrying value of the Company’s investments in previously sponsored and other merchant banking funds are as follows:

	As of December 31,
	2014		2013
	(in thousands)
Investment in GCP I	$	1,600	$	2,257
Investment in GCP II	907		7,690
Investment in other merchant banking funds	1,666		1,798
Total investments in merchant banking funds	$	4,173	$	11,745

Schedule of Investment Revenues

The Company’s investment revenues, by source, are as follows:

	For the Years Ended December 31,
	2014			2013			2012
	(in thousands)
Net realized and unrealized (losses) on investments in merchant banking funds	$	(6,567	)	$	(1,884	)	$	(3,422	)
Net realized and unrealized gains (losses) on investments in Iridium	—			862			(4,980		)
Deferred gain on sale of certain merchant banking assets	195			195			260
Interest income	1,154			1,071			1,676
Total investment revenues (losses)	$	(5,218	)	$	244		$	(6,466	)