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, 2013, 2012 and 2011, the Company disbursed $1,218, $1,098 and $1,833, 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 $11,557, $4,781 and $6,696 for the years ended December 31, 2013, 2012 and 2011, 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 $14,090, $2,000 and $1,250 for the years ended December 31, 2013, 2012 and 2011, respectively.

Other Assets on the Consolidated Statements of Financial Condition includes the long term portion of loans receivable from certain employees of $5,560 and $1,546 as of December 31, 2013 and 2012, respectively. See Note 17 for further information.

Receivable from Employees and Related Parties on the Consolidated Statements of Financial Condition consisted of the following at December 31, 2013 and 2012:



	December 31,
	2013		2012
Advances to Employees	$	7,668	$	3,624
Personal Expenses Paid on Behalf of Employees and Related Parties	72		213
Receivable from Affiliates	578		390
Reimbursable Expenses Due From Portfolio Companies of the Company's Private Equity Funds	127		409
Reimbursable Expenses Relating to the Private Equity Funds	788		530
Receivable from Employees and Related Parties	$	9,233	$	5,166

Payable to Employees and Related Parties on the Consolidated Statements of Financial Condition consisted of the following at December 31, 2013 and 2012:



	December 31,
	2013		2012
Board of Director Fees	$	266	$	266
Amounts Due to UK Members	10,386		5,424
Amounts Due Pursuant to Tax Receivable Agreements (a)	8,872		7,274
Payable to Employees and Related Parties	$	19,524	$	12,964


(a)	Relates to the current portion of the Member exchange of LP Units for Class A Shares. The long-term portion of $175,771 and $165,350 is disclosed in Amounts Due Pursuant to Tax Receivable Agreements on the Consolidated Statements of Financial Condition at December 31, 2013 and 2012, respectively.