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Investments (Tables)
 12 Months Ended
Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]  
Schedule of Investments and Securities Sold, not yet Purchased
The Company’s investments consist of the following at December 31, 2024 and 2023:
December 31,
20242023
Debt$– $4,285 
Equity58,623 54,717 
Funds:  
Alternative investments (a)59,230 61,680 
Debt (a)147,173 191,325 
Equity (a)289,610 343,139 
Private equity43,412 46,818 
Total funds539,425 642,962 
Investments, at fair value598,048 701,964 
Equity method investments16,899 – 
Total investments$614,947 $701,964 
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(a)Interests in alternative investment funds, debt funds and equity funds include investments, including those held by LFI Consolidated Funds (see Note 24), with fair values of $23,865, $126,407 and $223,729, respectively, at December 31, 2024 and $27,454, $175,449 and $284,099, respectively, at December 31, 2023, held in order to satisfy the Company’s obligation upon vesting of previously granted LFI and other similar deferred compensation arrangements. LFI represent grants by the Company to eligible employees of interests in a number of Lazard-managed funds, subject to service-based vesting conditions (see Notes 8 and 16).
Schedule of Equity Securities and Trading Debt Securities Net Unrealized Investment Gains and Losses
During the years ended December 31, 2024, 2023 and 2022, the Company reported in “revenue-other” on its consolidated statements of operations net unrealized investment gains and losses pertaining to equity securities and trading debt securities still held as of the reporting date as follows:
Year Ended December 31,
202420232022
Net unrealized investment gains (losses)$(6,327)$54,228 $(92,793)