CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands		Jun. 30, 2021	Dec. 31, 2020
ASSETS
Cash and Cash Equivalents ($2,838 and $2,201)	[1]	$ 53,463	$ 65,534
Restricted Cash		1,054	1,050
Due from Broker ($453 and $0)	[1]	572	87
Advisory Fees Receivable		42,961	36,524
Investments ($13,918 and $1,131)	[1]	56,447	34,104
Receivable from Related Parties		3,648	2,880
Other Receivables ($20 and $8)	[1]	183	154
Prepaid Expenses and Other Assets		1,854	2,569
Right-of-use Assets		10,391	11,578
Deferred Tax Asset		28,588	29,831
Property and Equipment, Net of Accumulated Depreciation of $6,499 and $5,980, respectively		3,797	4,376
TOTAL ASSETS		202,958	188,687
Liabilities:
Accounts Payable and Accrued Expenses ($19 and $28)	[1]	27,903	36,317
Due to Broker ($554 and $2)	[1]	811	56
Securities Sold Short, at Fair Value		870	714
Liability to Selling and Converting Shareholders		27,820	25,701
Lease Liabilities		10,694	11,905
Deferred Compensation Liability		3,391	5,039
TOTAL LIABILITIES		71,489	79,732
Commitments and Contingencies (see Note 12)
Equity:
Preferred Stock (Par Value $0.01; 200,000,000 Shares Authorized; None Outstanding)
Additional Paid-In Capital		5,633	5,190
Retained Earnings		29,586	25,611
Accumulated Other Comprehensive Income		114	132
Total Pzena Investment Management, Inc.'s Equity		35,510	31,106
Non-Controlling Interests		95,959	77,849
TOTAL EQUITY		131,469	108,955
TOTAL LIABILITIES AND EQUITY		202,958	188,687
Common Class A
Equity:
Common Stock		177	173
TOTAL EQUITY		177	173
Common Class B
Equity:
Common Stock		$ 0	$ 0

[1] Asset and liability amounts in parentheses represent the aggregated balances at June 30, 2021 and December 31, 2020 attributable to Pzena Investment Management Special Situations, LLC, Pzena U.S. Best Ideas (GP), LLC, Pzena Global Best Ideas (GP), LLC, and Pzena Global Focus Value Fund which were variable interest entities as of June 30, 2021 and December 31, 2020, respectively.