Related Parties

12 Months Ended

Dec. 31, 2023

Related Party Transactions [Abstract]

Related Parties

Related Parties

Advisory Fees includes fees earned from clients that have the Company's Senior Managing Directors, certain Senior Advisors and executives as a member of their Board of Directors of $5,494, $11,680 and $34,656 for the years ended December 31, 2023, 2022 and 2021, respectively.

Other Assets on the Consolidated Statements of Financial Condition includes the long-term portion of loans receivable from certain employees of $21,186 and $16,928 as of December 31, 2023 and 2022, respectively. See Note 18 for further information.

Receivable from Employees and Related Parties on the Consolidated Statements of Financial Condition consisted of the following at December 31, 2023 and 2022:

	December 31,
	2023		2022
Advances to Employees	$	25,364	$	21,003
Personal Expenses Paid on Behalf of Employees and Related Parties	59		543
Other	323		368
Receivable from Employees and Related Parties	$	25,746	$	21,914

Payable to Employees and Related Parties on the Consolidated Statements of Financial Condition consisted of the following at December 31, 2023 and 2022:

	December 31,
	2023		2022
Amounts Due to U.K. Members	$	32,618	$	30,188
Amounts Due Pursuant to Tax Receivable Agreements(1)	10,522		10,417
Amounts Due to Employees for the Sale of Outstanding Class R Interests of Private Capital Advisory L.P.(2)	2,023		—
Other	675		630
Payable to Employees and Related Parties	$	45,838	$	41,235

(1)Reflects the current portion due related to the Member exchange of Class A LP Units for Class A Shares. The long-term portion of $52,813 and $61,169 is included within Amounts Due Pursuant to Tax Receivable Agreements on the Consolidated Statements of Financial Condition at December 31, 2023 and 2022, respectively.

(2)Reflects the current portion of contingent cash consideration due to employees of the Real Estate Capital Advisory ("RECA") business for the sale of Class R Interests of Private Capital Advisory L.P. The long-term portion of contingent cash consideration due to employees of $5,036 is included within Other Long-term Liabilities on the Consolidated Statement of Financial Condition at December 31, 2022. See Note 16 for further information.