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Related Party Transactions
12 Months Ended
Dec. 31, 2015
Related Party Transactions [Abstract]  
Related Party Transactions
Related Party Transactions
The Company has reflected a prior owner’s investments in certain private equity investment partnerships sponsored by an Affiliate and recorded on the Company’s Consolidated Balance Sheet as either a liability in Other liabilities or as a Non-controlling interest, depending on the structure of the prior owner’s investments in the partnerships. The total liability was $71.6 million and $75.0 million at December 31, 2014 and 2015, respectively. The total non-controlling interest was $13.5 million and $5.1 million at December 31, 2014 and 2015, respectively.
In certain cases, Affiliate management owners and Company officers may serve as trustees or directors of certain mutual funds from which the Affiliate earns advisory fee revenue.
See Note 20 for information on transactions in Affiliate equity.