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Related Party Transactions
3 Months Ended
Mar. 31, 2015
Related Party Transactions  
Related Party Transactions

17. Related Party Transactions

 

As of March 31, 2016, and December 31, 2015, the Company had a payable of $0.06 million and $0.2 million to its affiliates, respectively, which are included in accounts payable and accrued expenses and other liabilities in condensed consolidated statements of financial condition.

 

In the ordinary course of business, the Company purchases and leases computer equipment and maintenance and support from affiliates of Dell Inc. (“Dell”). Silver Lake and its affiliates have a significant ownership interest in Dell. During the three months ended March 31, 2016 and 2015, the Company paid $0.9 million and $0.7 million, respectively, to Dell for these purchases and leases.

 

Additionally, the Company entered into a sublease arrangement with an affiliate of the Company’s Founder and Executive Chairman for office space no longer used by the Company in 2015, which was subsequently terminated as of March 31, 2016. The Company received approximately $0.1 million pursuant to the agreement.