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INVESTMENTS (Tables) | 9 Months Ended
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Sep. 30, 2025
Investments, Debt and Equity Securities [Abstract] |
Schedule of Investments | The Company’s investments consist of the following at September 30, 2025 and December 31, 2024:
| September 30, 2025 |  | December 31, 2024
Debt | $ | 1,704 |  |  | $ | – |
Equity | 58,530 |  |  | 58,623 |
Funds: |  |  |
Alternative investments (a) | 50,001 |  |  | 59,230 |
Debt (a) | 116,531 |  |  | 147,173 |
Equity (a) | 330,496 |  |  | 289,610 |
Private equity | 47,818 |  |  | 43,412 |
Total funds | 544,846 |  |  | 539,425 |
Investments, at fair value | 605,080 |  |  | 598,048 |
Equity method investments | 18,631 |  |  | 16,899 |
Total investments | $ | 623,711 |  |  | $ | 614,947 |
___________________________________ (a)Interests in alternative investment funds, debt funds and equity funds include investments (fair values shown below), including those held by LFI Consolidated Funds (see Note 21), held to satisfy the Company’s obligation upon vesting of previously granted Lazard Fund Interests (“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 7 and 13).
| September 30, 2025 |  | December 31, 2024
Investments related to LFI and other similar deferred compensation arrangements: |  |  |
Alternative investments | $ | 21,407 |  |  | $ | 23,865 |
Debt | 97,822 |  |  | 126,407 |
Equity | 162,668 |  |  | 223,729 |
Total | $ | 281,897 |  |  | $ | 374,001 |
Schedule of Equity Securities and Trading Debt Securities Net Unrealized Investment Gains and Losses | During the three month and nine month periods ended September 30, 2025 and 2024, the Company reported in “revenue-other” on its condensed 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:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Net unrealized investment gains | $ | 12,663 |  |  | $ | 23,050 |  |  | $ | 51,904 |  |  | $ | 23,803 |

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- Definition Tabular disclosure of investment. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/320/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 321 -Publisher FASB -URI https://asc.fasb.org/321/tableOfContent Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 325 -Publisher FASB -URI https://asc.fasb.org/325/tableOfContent + Details
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- Definition Tabular disclosure of unrealized gains and losses on investments. + References No definition available. + Details
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