Non-Controlling Interests

12 Months Ended

Dec. 31, 2021

Noncontrolling Interest [Abstract]

Non-Controlling Interests

Note 7 — Non-Controlling Interests

Non-Controlling Interests in the operations of the Company’s operating company and consolidated subsidiaries are comprised of the following:

	For the Years Ended December 31,
	2021		2020
	(in thousands)
Non-Controlling Interests of Pzena Investment Management, LLC	$	86,781	$	42,421
Non-Controlling Interests of Consolidated Subsidiaries		1,017		243
Non-Controlling Interests	$	87,798	$	42,664

Distributions to non-controlling interests represent tax allocations and dividend equivalents paid to the members of the operating company, as well as redemptions by investors in the Company’s consolidated subsidiaries.