CONSOLIDATED VIEs

6 Months Ended

Jun. 30, 2023

Variable Interest Entity, Measure of Activity [Abstract]

The Company’s consolidated VIEs as of June 30, 2023 and December 31, 2022 include LGAC (see Note 1) and certain funds (“LFI Consolidated 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 assets of LFI Consolidated Funds, except as it relates to $130,081 and $115,666 of LFI held by Lazard Group as of June 30, 2023 and December 31, 2022, respectively, can only be used to settle the obligations of LFI Consolidated Funds. The Company’s consolidated VIE assets and liabilities for LFI Consolidated Funds as reflected in the condensed consolidated statements of financial condition consist of the following at June 30, 2023 and December 31, 2022.


	June 30, 2023		December 31, 2022
ASSETS
Cash and cash equivalents	$	5,538	$	3,644
Customers and other receivables	158		240
Investments	207,410		186,300
Other assets	1,026		622
Total assets	$	214,132	$	190,806


LIABILITIES
Deposits and other customer payables	$	64	$	528
Other liabilities	404		448
Total liabilities	$	468	$	976