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, 2015, 2014 and 2013, the Company disbursed $1,795, $1,282 and $1,218, 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 $8,876, $10,302 and $11,557 for the years ended December 31, 2015, 2014 and 2013, 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 and $14,090 for the years ended December 31, 2014 and 2013, respectively.

Other Assets on the Consolidated Statements of Financial Condition includes the long-term portion of loans receivable from certain employees of $6,967 and $10,484 as of December 31, 2015 and 2014, respectively.

As of December 31, 2015, the Company had $22,550 in subordinated borrowings, principally 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, 2015 and 2014:



	December 31,
	2015		2014
Advances to Employees	$	17,344	$	14,613
Personal Expenses Paid on Behalf of Employees and Related Parties	144		94
Receivable from Affiliates	1,266		1,589
Reimbursable Expenses Due From Portfolio Companies of the Company's Private Equity Funds	213		215
Reimbursable Expenses Relating to the Private Equity Funds	2,222		816
Receivable from Employees and Related Parties	$	21,189	$	17,327

Payable to Employees and Related Parties on the Consolidated Statements of Financial Condition consisted of the following at December 31, 2015 and 2014:



	December 31,
	2015		2014
Board of Director Fees	$	200	$	215
Amounts Due to UK Members	16,554		7,832
Amounts Due Pursuant to Tax Receivable Agreements (a)	11,638		10,828
Payable to Employees and Related Parties	$	28,392	$	18,875


(a)	Relates to the current portion of the Member exchange of Class A LP Units for Class A Shares. The long-term portion of $186,036 and $191,253 is disclosed in Amounts Due Pursuant to Tax Receivable Agreements on the Consolidated Statements of Financial Condition at December 31, 2015 and 2014, respectively.