Consolidated VIEs

6 Months Ended

Jun. 30, 2020

Variable Interest Entity Measure Of Activity [Abstract]

Consolidated VIEs

21. CONSOLIDATED VIEs

The Company’s consolidated VIEs as of June 30, 2020 and December 31, 2019 include certain funds that were established for the benefit of employees participating in the Company’s existing LFI deferred compensation arrangement.  Lazard invests in these funds and is the investment manager and is therefore deemed to have both the power to direct the most significant activities of the funds and the right to receive benefits (or the obligation to absorb losses) that could potentially be significant to these funds.  The Company’s consolidated VIE assets and liabilities as reflected in the condensed consolidated statements of financial condition consist of the following at June 30, 2020 and December 31, 2019:

	June 30, 2020		December 31, 2019
ASSETS
Cash and cash equivalents	$	3,876	$	3,826
Customers and other receivables		424		102
Investments (a)		152,481		97,474
Other assets		472		245
Total Assets	$	157,253	$	101,647

LIABILITIES
Deposits and other customer payables	$	236	$	62
Other liabilities		679		513
Total Liabilities	$	915	$	575

(a) Includes $120,572 and $83,036 of LFI held by Lazard Group which is eliminated in the condensed consolidated statements of financial condition as of June 30, 2020 and December 31, 2019, respectively.