Segment Operating Results (Tables)

3 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

Information Regarding Operations By Segment

The following information presents each segment’s contribution.

	For the Three Months Ended March 31,
	2015			2014
Investment Banking
Net Revenues (1)	$	216,580		$	127,851
Operating Expenses	171,364			105,532
Other Expenses (2)	32,235			3,214
Operating Income	12,981			19,105
Income (Loss) from Equity Method Investments	(37		)	(310		)
Pre-Tax Income	$	12,944		$	18,795
Identifiable Segment Assets	$	769,746		$	590,956
Investment Management
Net Revenues (1)	$	21,403		$	21,262
Operating Expenses	19,956			19,571
Other Expenses (2)	3,430			82
Operating Income (Loss)	(1,983		)	1,609
Income from Equity Method Investments	1,144			551
Pre-Tax Income (Loss)	$	(839	)	$	2,160
Identifiable Segment Assets	$	519,463		$	453,961
Total
Net Revenues (1)	$	237,983		$	149,113
Operating Expenses	191,320			125,103
Other Expenses (2)	35,665			3,296
Operating Income	10,998			20,714
Income from Equity Method Investments	1,107			241
Pre-Tax Income	$	12,105		$	20,955
Identifiable Segment Assets	$	1,289,209		$	1,044,917

(1) Net revenues include Other Revenue, net, allocated to the segments as follows:

	For the Three Months Ended March 31,
	2015			2014
Investment Banking (A)	$	(1,058	)	$	(653	)
Investment Management (B)	(678		)	(653		)
Total Other Revenue, net	$	(1,736	)	$	(1,306	)

(A) Investment Banking Other Revenue, net, includes interest expense on the Senior Notes, subordinated borrowings and line of credit of $1,644 and $1,105for the three months ended March 31, 2015 and 2014, respectively

(B) Investment Management Other Revenue, net, includes interest expense on the Senior Notes, subordinated borrowings and line of credit of $953 and $932for the three months ended March 31, 2015 and 2014, respectively

(2) Other Expenses are as follows:

	For the Three Months Ended March 31,
	2015		2014
Investment Banking
Amortization of LP Units / Interests and Certain Other Awards	$	25,950	$	—
Other Acquisition Related Compensation Charges	585		3,214
Special Charges	2,290		—
Intangible Asset and Other Amortization	2,926		—
Acquisition and Transition Costs	484		—
Total Investment Banking	32,235		3,214
Investment Management
Special Charges	3,348		—
Intangible Asset and Other Amortization	82		82
Total Investment Management	3,430		82
Total Other Expenses	$	35,665	$	3,296

Revenues Derived from Clients and Private Equity Funds by Geographical Areas

The Company’s revenues were derived from clients and private equity funds located and managed in the following geographical areas:

	For the Three Months Ended March 31,
	2015		2014
Net Revenues: (1)
United States	$	161,822	$	107,927
Europe and Other	71,211		36,788
Latin America	6,686		5,704
Total	$	239,719	$	150,419

(1) Excludes Other Revenue and Interest Expense.

Assets by Geographic Areas

The Company’s total assets are located in the following geographical areas:

	March 31, 2015		December 31, 2014
Total Assets:
United States	$	970,037	$	1,099,363
Europe and Other	150,744		160,934
Latin America	168,428		186,259
Total	$	1,289,209	$	1,446,556