Equity Investments in Unconsolidated Subsidiaries (Tables)

12 Months Ended

Dec. 31, 2012

Equity Investments In Unconsolidated Subsidiaries Tables

Activity relating to our equity investments in unconsolidated subsidiaries

Activity relating to our equity investments in unconsolidated subsidiaries for the year ended December 31, 2012 was as follows (in thousands):

	CTOPI Co-investment			CTOPI Carried Interest			HG II Co-investment			Total
Total as of December 31, 2011		$10,399			$—			$—			$10,399
Contributions		1,241			—			2,789			4,030
Distributions (1)		(1,566	)		(1,374	)		—			(2,940	)
Income from equity investments in unconsolidated subsidiaries		1,591			—			190			1,781
Incentive income allocation (2)		—			14,680			—			14,680
Sale of co-investments (3)		(11,665	)		—			(2,979	)		(14,644	)
Total as of December 31, 2012		$—			$13,306			$—			$13,306

(1)	Includes a $1.4 million advance distribution of incentive compensation to satisfy our income tax obligation related to the allocation of taxable income in respect of our carried interest in CTOPI.
(2)	We have deferred the recognition of incentive income allocated to us from CTOPI in respect of our carried interest in CTOPI, and recorded an offsetting liability as a component of accounts payable and other liabilities on our consolidated balance sheet.
(3)	These co-investments were sold in conjunction with our Investment Management Business Sale, as further described in Note 1.