Company: LAZ
Filing Date: 2025-02-24
Form Type: 10-K
Source: 0001628280-25-007441
Chunk: 38

Company: Lazard, Inc.
Filing Date: 2025-02-24
Form: 10-K
Item: Item 8
Chunk 38
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 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. 

97

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

December 31, 2023Investments RedeemableNAVUnfundedCommitments% ofNAVNotRedeemableRedemptionFrequencyRedemptionNotice PeriodAlternative investment funds:Hedge funds$45,324 $– NA(a)30-60 daysOther680 – NA(b)<30-30 daysDebt funds5 – NA(c)<30 daysEquity funds45 – NA(d)<30-60 daysPrivate equity funds:Equity growth46,545 5,505 (e)100 %(f)NANATotal$92,599 $5,505 _____________________(a)monthly (74%) and quarterly (26%)(b)daily (4%) and monthly (96%)(c)daily (100%) (d)monthly (34%) and annually (66%)(e)Unfunded commitments to private equity investments consolidated but not owned by Lazard of $9,605 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. 

8.     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