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Commitments and Contingencies
6 Months Ended
Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies
Commitments and Contingencies
The Company has committed to co-invest in certain investment partnerships. As of June 30, 2015, these unfunded commitments were $80.8 million and may be called in future periods. In connection with a past acquisition agreement, the Company is contractually entitled to reimbursement from a prior owner for $18.6 million of these commitments if they are called.
Under past acquisition agreements, the Company is contingently liable, upon achievement of specified financial targets, to make payments of up to $223.1 million through 2019. As of June 30, 2015, the Company expected to make payments of $9.9 million (the net present value of which totaled $6.7 million) to settle these obligations. We do not expect to make any payments associated with these contingent arrangements during the remainder of 2015.