Note 6 – Related Parties

The Company remits payment for expenses on behalf of the private equity funds and is reimbursed accordingly. For the years ended December 31, 2012, 2011 and 2010, the Company disbursed $1,098, $1,833 and $1,301, respectively, on behalf of these entities.

Investment Management Revenue includes income from related parties earned from the Company’s private equity funds for portfolio company fees, management fees, expense reimbursements and realized and unrealized gains and losses of private equity fund investments. Total Investment Management revenues from related parties amounted to $4,781, $6,696 and $8,346 for the years ended December 31, 2012, 2011 and 2010, respectively.

Investment Banking Revenue includes advisory fees earned from clients that have a Senior Managing Director as a member of their Board of Directors of $2,000 and $1,250 for the years ended December 31, 2012 and 2011, respectively.

Other Assets on the Consolidated Statement of Financial Condition as of December 31, 2012 includes $1,546 of receivables from certain employees as part of compensation arrangements.

Receivable from Employees and Related Parties on the Consolidated Statements of Financial Condition consisted of the following at December 31, 2012 and 2011:


	December 31,
	2012		2011
Advances to Employees	$	3,624	$	4,830
Personal Expenses Paid on Behalf of Employees and Related Parties		213		49
Receivable from Affiliates		390		689
Reimbursable Expenses Due From Portfolio Companies of the Company’s Private Equity Funds		409		636
Reimbursable Expenses Relating to the Private Equity Funds		530		1,589

Receivable from Employees and Related Parties	$	5,166	$	7,793

Payable to Employees and Related Parties on the Consolidated Statements of Financial Condition consisted of the following at December 31, 2012 and 2011:


	December 31,
	2012		2011
Board of Director Fees	$	266	$	235
Lexicon Deferred Consideration Payable		—		358
Amounts Due to Former Members of Lexicon		5,424		5,844
Amounts Due Pursuant to Tax Receivable Agreements(a)		7,274		6,210

Payable to Employees and Related Parties	$	12,964	$	12,647

(a)	Relates to the current portion of the Member exchange of LP Units for Class A Shares. The long-term portion of $165,350 and $137,448 is disclosed in Amounts Due Pursuant to Tax Receivable Agreements on the Consolidated Statements of Financial Condition at December 31, 2012 and 2011, respectively.