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Consolidated VIEs
12 Months Ended
Dec. 31, 2022
Variable Interest Entity Measure Of Activity [Abstract]  
Consolidated VIEs

22.

CONSOLIDATED VIEs

The Company’s consolidated VIEs as of December 31, 2022 and 2021 include LGAC (see Note 1) and certain funds (“LFI Consolidated Funds”) that were established for the benefit of employees participating in the Company’s existing LFI deferred compensation arrangement. Lazard invests in these funds and is the investment manager and is therefore deemed to have both the power to direct the most significant activities of the funds and the right to receive benefits (or the obligation to absorb losses) that could potentially be significant to these funds. The assets of LFI Consolidated Funds, except as it relates to $115,666 and $140,371 of LFI held by Lazard Group as of December 31, 2022 and 2021, respectively, can only be used to settle the obligations of LFI Consolidated Funds. The Company’s consolidated VIE assets and liabilities for LFI Consolidated Funds as reflected in the consolidated statements of financial condition consist of the following at December 31, 2022 and 2021. 

 

 

 

December 31,

 

 

 

2022

 

 

2021

 

ASSETS

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

3,644

 

 

$

3,936

 

Customers and other receivables

 

 

240

 

 

 

305

 

Investments

 

 

186,300

 

 

 

204,062

 

Other assets

 

 

622

 

 

 

328

 

Total Assets

 

$

190,806

 

 

$

208,631

 

 

 

LIABILITIES

 

 

 

 

 

 

 

 

Deposits and other customer payables

 

$

528

 

 

$

50

 

Other liabilities

 

 

448

 

 

 

910

 

Total Liabilities

 

$

976

 

 

$

960