Related Party Transactions

12 Months Ended

Dec. 31, 2019

Related Party Transactions [Abstract]

Related Party Transactions

Related Party Transactions

During the years ended December 31, 2018 and 2017, we paid less than $0.1 million and $0.3 million, respectively, shared service fees related to financial, legal, and administrative support to a stockholder pursuant to a shared services agreement. Fees paid under this arrangement during the year ended December 31, 2019 were immaterial.

We had an employment arrangement with a managing partner of a stockholder. Salary paid under the employment agreement for the years ended December 31, 2018 and 2017 was $0.1 million and $0.2 million, respectively. No such fees was paid during the year ended December 31, 2019.

In 2014, we entered into a sublease agreement with a stockholder for office space from which our Chicago office operates. Rent expense was allocated to us based on space used. The sublease term totaled five years, which equaled the term of the underlying lease agreement. In March 2017, the master lease agreement was transferred to us and the stockholder subleased from us. Sublease income recorded for this sublease for the years ended December 31, 2019, 2018 and 2017 was not material.

In February 2019, we assumed an additional lease agreement previously held by a stockholder for our Chicago office space with an initial expiration date in December 2024. We entered into a sublease agreement with the stockholder for a portion of the leased space. The sublease term expires in December 2024. Sublease income recorded for this sublease was not material for the year ended December 31, 2019.