Noncontrolling Interest

3 Months Ended

Mar. 31, 2015

Noncontrolling Interest recorded in the unaudited condensed consolidated financial statements of the Company relates to a 16% interest in Evercore LP, a 28% interest in ECB, a 38% interest in Evercore Wealth Management ("EWM"), a 34% equity interest in Atalanta Sosnoff Capital LLC ("Atalanta Sosnoff"), a 31% interest in Evercore Private Capital Advisory L.P. ("PCA"), a 38% interest in Institutional Equities ("IE") through October 31, 2014 and other private equity partnerships. The Atalanta Sosnoff interest excludes the Series C Profits Interest, which has been reflected in Employee Compensation and Benefits Expense on the Unaudited Condensed Consolidated Statements of Operations. The Noncontrolling Interests for Evercore LP, EWM, Atalanta Sosnoff and PCA have rights, in certain circumstances, to convert into Class A Shares.

Changes in Noncontrolling Interest for the three months ended March 31, 2015 and 2014 were as follows:



	For the Three Months Ended March 31,
	2015			2014
Beginning balance	$	160,952		$	60,577

Comprehensive income (loss):
Net Income Attributable to Noncontrolling Interest	1,593			2,824
Other comprehensive income (loss)	(877		)	233
Total comprehensive income	716			3,057

Evercore LP Units Converted into Class A Shares	(1,272		)	(5,590		)

Amortization and Vesting of LP Units	25,274			—

Other Items:
Distributions to Noncontrolling Interests	(4,598		)	(1,615		)
Issuance of Noncontrolling Interest	291			85
Other, net	—			406
Total other items	(4,307		)	(1,124		)

Ending balance	$	181,363		$	56,920

Other comprehensive income (loss) attributed to Noncontrolling Interest includes Unrealized Gain (Loss) on Marketable Securities and Investments, net, of ($196) and $187 for the three months ended March 31, 2015 and 2014, respectively, and Foreign Currency Translation Adjustment Gain (Loss), net, of ($681) and $46 for the three months ended March 31, 2015 and 2014, respectively.

In conjunction with the Company’s purchase agreement with Atalanta Sosnoff, the Company issued a management member of Atalanta Sosnoff certain capital interests in Atalanta Sosnoff, which are redeemable for cash, at their fair value. Accordingly, these capital interests have been reflected at their fair value of $4,014 within Redeemable Noncontrolling Interest on the Unaudited Condensed Consolidated Statements of Financial Condition at March 31, 2015 and December 31, 2014.

- Definition

The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.

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