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, 2014, 2013 and 2012, the Company disbursed $1,282, $1,218 and $1,098, 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 $10,302, $11,557 and $4,781 for the years ended December 31, 2014, 2013 and 2012, 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 $1,251, $14,090 and $2,000 for the years ended December 31, 2014, 2013 and 2012, respectively.

Other Assets on the Consolidated Statements of Financial Condition includes the long-term portion of loans receivable from certain employees of $10,484 and $5,560 as of December 31, 2014 and 2013, respectively.

As of December 31, 2014, the Company had $22,550 in subordinated borrowings with an executive officer of the Company. See Note 12 for further information.

Receivable from Employees and Related Parties on the Consolidated Statements of Financial Condition consisted of the following at December 31, 2014 and 2013:



	December 31,
	2014		2013
Advances to Employees	$	14,613	$	7,668
Personal Expenses Paid on Behalf of Employees and Related Parties	94		72
Receivable from Affiliates	1,589		578
Reimbursable Expenses Due From Portfolio Companies of the Company's Private Equity Funds	215		127
Reimbursable Expenses Relating to the Private Equity Funds	816		788
Receivable from Employees and Related Parties	$	17,327	$	9,233

Payable to Employees and Related Parties on the Consolidated Statements of Financial Condition consisted of the following at December 31, 2014 and 2013:



	December 31,
	2014		2013
Board of Director Fees	$	215	$	266
Amounts Due to UK Members	7,832		10,386
Amounts Due Pursuant to Tax Receivable Agreements (a)	10,828		8,872
Payable to Employees and Related Parties	$	18,875	$	19,524


(a)	Relates to the current portion of the Member exchange of Class A LP Units for Class A Shares. The long-term portion of $191,253 and $175,771 is disclosed in Amounts Due Pursuant to Tax Receivable Agreements on the Consolidated Statements of Financial Condition at December 31, 2014 and 2013, respectively.