CONSOLIDATED VIEs

3 Months Ended

Mar. 31, 2024

Variable Interest Entity, Measure of Activity [Abstract]

The Company’s consolidated VIEs as of March 31, 2024 and December 31, 2023 include 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 $78,135 and $113,174 of LFI held by Lazard Group as of March 31, 2024 and December 31, 2023, 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 condensed consolidated statements of financial condition consist of the following at March 31, 2024 and December 31, 2023.


	March 31, 2024		December 31, 2023
ASSETS
Cash and cash equivalents	$	4,404	$	4,627
Customers and other receivables	35		23,277
Investments	161,700		196,112
Other assets	803		683
Total assets	$	166,942	$	224,699


LIABILITIES
Deposits and other customer payables	$	73	$	23,498
Other liabilities	259		353
Total liabilities	$	332	$	23,851