Noncontrolling Interest

Noncontrolling Interest recorded in the consolidated financial statements of the Company relates to the following interests in certain consolidated subsidiaries, which are not owned by the Company:



	December 31,
	2017		2016		2015
Subsidiary:
Evercore LP	12	%	14	%	14	%
EWM	38	%	38	%	38	%
Private Capital Advisory L.P. ("PCA")	25	%	39	%	39	%
ECB	—	%	—	%	28	%

The Noncontrolling Interests for Evercore LP, EWM and PCA have rights, in certain circumstances, to convert into Class A Shares.

Changes in Noncontrolling Interest for the years ended December 31, 2017, 2016 and 2015 were as follows:



	For the Years Ended December 31,
	2017			2016			2015
Beginning balance	$	256,033		$	202,664		$	160,952

Comprehensive Income (Loss):
Net Income Attributable to Noncontrolling Interest	53,753			40,984			14,827
Other Comprehensive Income (Loss)	3,375			(3,737		)	(3,886		)
Total Comprehensive Income	57,128			37,247			10,941

Evercore LP Units Purchased or Converted into Class A Shares	(47,263		)	(16,480		)	(12,012		)

Amortization and Vesting of LP Units/Interests	14,922			81,392			82,734

Other Items:
Distributions to Noncontrolling Interests	(36,374		)	(38,154		)	(23,723		)
Issuance of Noncontrolling Interest	8,460			885			594
Purchase of Noncontrolling Interest	(281		)	(5,225		)	—
Deconsolidation of GCP III	—			(5,808		)	—
Deconsolidation of Atalanta Sosnoff	—			—			(16,090		)
Other, net	(221		)	(488		)	(732		)
Total Other Items	(28,416		)	(48,790		)	(39,951		)

Ending balance	$	252,404		$	256,033		$	202,664

Other Comprehensive Income - Other Comprehensive Income (Loss) attributed to Noncontrolling Interest includes Unrealized Gain (Loss) on Marketable Securities and Investments, net, of $75, ($699) and ($1,083) for the years ended December 31, 2017, 2016 and 2015, respectively, and Foreign Currency Translation Adjustment Gain (Loss), net, of $3,300, ($3,038) and ($2,803) for the years ended December 31, 2017, 2016 and 2015, respectively.

Interests Issued - During the year ended December 31, 2017, the Company issued 112 Class A LP Units, primarily as settlement of contingent consideration, resulting in an increase to Noncontrolling Interest of $8,460 on the Company's Consolidated Statement of Financial Condition as of December 31, 2017.

Interests Purchased - On March 3, 2017, the Company purchased, at fair value, an additional 13% of PCA for $7,071 and on December 11, 2017, the Company purchased, at fair value, an additional 1% of PCA for $1,429. These purchases resulted in a decrease to Noncontrolling Interest of $281 and a decrease to Additional Paid-In-Capital of $8,219, on the Company's Consolidated Statement of Financial Condition as of December 31, 2017.

During the year ended December 31, 2017, the Company purchased 32 LP Units and certain other rights from noncontrolling interest holders, resulting in a decrease to Noncontrolling Interest of $2,523 on the Company's Consolidated Statement of Financial Condition as of December 31, 2017. In addition, LP Units were exchanged for Class A Shares during the year ended December 31, 2017. See Note 14 for further information.

During the year ended December 31, 2016, the Company purchased 5 LP Units and certain other rights from a noncontrolling interest holder, resulting in a decrease to Noncontrolling Interest of $235 on the Company's Consolidated Statement of Financial Condition as of December 31, 2016.

During the year ended December 31, 2015, the Company purchased 26 LP Units and certain other rights from a noncontrolling interest holder, resulting in a decrease to Noncontrolling Interest of $353 and a decrease to Additional Paid-In-Capital of $770 as of December 31, 2015.

On January 29, 2016, the Company purchased, at fair value, all of the noncontrolling interest in ECB for $6,482 resulting in a decrease to Noncontrolling Interest of $5,225 and a decrease to Additional Paid-In-Capital of $1,257 on the Company's Consolidated Statement of Financial Condition as of December 31, 2016.

GCP III - On July 19, 2016, the Company and the principals of its Mexican Private Equity business entered into an agreement to transfer ownership of its Mexican Private Equity business and related entities to Glisco. Upon the closing of this transaction, which occurred on September 30, 2016, the Company deconsolidated the noncontrolling interest in GCP III of $5,808. See Note 4 for further information.

Atalanta Sosnoff - On December 31, 2015, the Company deconsolidated the assets and liabilities of Atalanta Sosnoff, as well as its related redeemable noncontrolling interests.