Company: LAZ
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001628280-25-021162
Chunk: 186

Company: Lazard, Inc.
Filing Date: 2025-05-01
Form: 10-Q
Item: Part II, Item 8
Chunk 186
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 NA(d)<30-30 daysPrivate equity funds:Equity growth46,020 6,068 (e)100%(f)NANATotal$89,126 $6,068 ___________________________________(a)monthly (100%) (b)daily (5%) and monthly (95%)(c)daily (100%)(d)monthly (100%)(e)Unfunded commitments to private equity investments consolidated but not owned by Lazard of $20,205 are excluded. Such commitments are required to be funded by capital contributions from noncontrolling interest holders.(f)Distributions from each fund will be received as the underlying investments of the funds are liquidated.

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LAZARD, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS-(Continued)(UNAUDITED)(dollars in thousands, except for per share data, unless otherwise noted)

December 31, 2024Investments RedeemableNAVUnfundedCommitments% ofNAVNotRedeemableRedemptionFrequencyRedemptionNotice PeriodAlternative investment funds:Hedge funds$47,788 $– NA(a)30-60 daysOther679 – NA(b)<30-90 daysDebt funds3 – NA(c)<30 daysEquity funds50 – NA(d)<30-30 daysPrivate equity funds:Equity growth43,156 6,068 (e)100%(f)NANATotal$91,676 $6,068 ___________________________________(a)monthly (100%)(b)daily (5%) and monthly (95%)(c)daily (100%)(d)monthly (100%) (e)Unfunded commitments to private equity investments consolidated but not owned by Lazard of $20,205 are excluded. Such commitments are required to be funded by capital contributions from noncontrolling interest holders.(f)Distributions from each fund will be received as the underlying investments of the funds are liquidated.

7.    DERIVATIVES

The tables below present the fair value of the Company’s derivative instruments reported within “other assets” and “other liabilities” and the fair value of the Company’s derivative liabilities relating to its obligations pertaining to LFI and other similar deferred compensation arrangements reported within “accrued compensation and benefits” (see Note 13) on the accompanying condensed consolidated statements of financial condition as of March 31, 2025 and December 31, 2024