10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

 _____________________________________________________

(Mark One)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2013

OR

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from         to         

001-32975

(Commission File Number)

_____________________________________________________

EVERCORE PARTNERS INC.

(Exact name of registrant as specified in its charter)

 _____________________________________________________

Delaware	20-4748747
(State or Other Jurisdiction of Incorporation or Organization)	(I.R.S. Employer Identification No.)

55 East 52 ^nd Street

38th floor

New York, New York 10055

(Address of principal executive offices)

Registrant’s telephone number: (212) 857-3100

_____________________________________________________ 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  ý    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  ý    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer	ý	Accelerated filer	¨
Non-accelerated filer	¨  (Do not check if a smaller reporting company)	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  ý

The number of shares of the registrant’s Class A common stock, par value $0.01 per share, outstanding as of July 31, 2013 was 31,364,881. The number of shares of the registrant’s Class B common stock, par value $0.01 per share, outstanding as of July 31, 2013 was 42 (excluding 58 shares of Class B common stock held by a subsidiary of the registrant).

Table of Contents

In this report, references to “Evercore”, the “Company”, “we”, “us”, “our” refer to Evercore Partners Inc., a Delaware corporation, and its consolidated subsidiaries. Unless the context otherwise requires, references to (1) “Evercore Partners Inc.” refer solely to Evercore Partners Inc., and not to any of its consolidated subsidiaries and (2) “Evercore LP” refer solely to Evercore LP, a Delaware limited partnership, and not to any of its consolidated subsidiaries. References to the “IPO” refer to our initial public offering on August 10, 2006 of 4,542,500 shares of our Class A common stock, including shares issued to the underwriters of the IPO pursuant to their election to exercise in full their overallotment option.

		Page
Part I. Financial Information
Item 1.	Condensed Consolidated Financial Statements (Unaudited)	3
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	26
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	44
Item 4.	Controls and Procedures	44
Part II. Other Information
Item 1.	Legal Proceedings	45
Item 1A.	Risk Factors	45
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	45
Item 3.	Defaults Upon Senior Securities	46
Item 4.	Mine Safety Disclosures	46
Item 5.	Other Information	46
Item 6.	Exhibits	46
Signatures		47

2

PART I. FINANCIAL INFORMATION

Item  1. Condensed Consolidated Financial Statements (Unaudited)

Condensed Consolidated Financial Statements (Unaudited)

	Page
Condensed Consolidated Statements of Financial Condition as of June 30, 2013 and December  31, 2012	4
Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2013 and 2012	5
Condensed Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2013 and 2012	6
Condensed Consolidated Statements of Changes in Equity for the six months ended June 30, 2013 and 2012	7
Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2013 and 2012	8
Notes to Unaudited Condensed Consolidated Financial Statements	9

3

EVERCORE PARTNERS INC.

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

(UNAUDITED)

(dollars in thousands, except share data)

	June 30, 2013			December 31, 2012
Assets
Current Assets
Cash and Cash Equivalents	$	147,435		$	259,431
Marketable Securities	36,392			36,545
Financial Instruments Owned and Pledged as Collateral at Fair Value	78,887			120,594
Securities Purchased Under Agreements to Resell	3,879			—
Accounts Receivable (net of allowances of $2,087 and $3,886 at June 30, 2013 and December 31, 2012, respectively)	114,243			89,098
Receivable from Employees and Related Parties	9,111			5,166
Deferred Tax Assets - Current	10,769			9,214
Other Current Assets	7,659			6,699
Total Current Assets	408,375			526,747
Investments	108,523			110,897
Deferred Tax Assets - Non-Current	240,840			229,449
Furniture, Equipment and Leasehold Improvements (net of accumulated depreciation and amortization of $22,487 and $19,880 at June 30, 2013 and December 31, 2012, respectively)	27,855			29,777
Goodwill	189,033			188,684
Intangible Assets (net of accumulated amortization of $24,051 and $20,002 at June 30, 2013 and December 31, 2012, respectively)	32,764			35,397
Assets Segregated for Bank Regulatory Requirements	10,200			10,200
Other Assets	15,373			14,067
Total Assets	$	1,032,963		$	1,145,218
Liabilities and Equity
Current Liabilities
Accrued Compensation and Benefits	$	76,740		$	138,187
Accounts Payable and Accrued Expenses	20,968			17,909
Securities Sold Under Agreements to Repurchase	82,930			120,787
Payable to Employees and Related Parties	16,772			12,964
Taxes Payable	8,425			20,304
Other Current Liabilities	15,982			10,755
Total Current Liabilities	221,817			320,906
Notes Payable	102,282			101,375
Amounts Due Pursuant to Tax Receivable Agreements	169,216			165,350
Other Long-term Liabilities	18,990			17,111
Total Liabilities	512,305			604,742
Commitments and Contingencies (Note 15)
Redeemable Noncontrolling Interest	48,848			49,727
Equity
Evercore Partners Inc. Stockholders’ Equity
Common Stock
Class A, par value $0.01 per share (1,000,000,000 shares authorized, 38,254,013 and 35,040,501 issued at June 30, 2013 and December 31, 2012, respectively, and 30,651,977 and 29,576,986 outstanding at June 30, 2013 and December 31, 2012, respectively)	382			350
Class B, par value $0.01 per share (1,000,000 shares authorized, 42 and 43 issued and outstanding at June 30, 2013 and December 31, 2012, respectively)	—			—
Additional Paid-In-Capital	719,594			654,275
Accumulated Other Comprehensive Income (Loss)	(10,915		)	(9,086		)
Retained Earnings (Deficit)	(71,846		)	(77,079		)
Treasury Stock at Cost (7,602,036 and 5,463,515 shares at June 30, 2013 and December 31, 2012, respectively)	(220,997		)	(139,954		)
Total Evercore Partners Inc. Stockholders’ Equity	416,218			428,506
Noncontrolling Interest	55,592			62,243
Total Equity	471,810			490,749
Total Liabilities and Equity	$	1,032,963		$	1,145,218

See Notes to Unaudited Condensed Consolidated Financial Statements.

4

EVERCORE PARTNERS INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)

(dollars and share amounts in thousands, except per share data)

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2013		2012		2013		2012
Revenues
Investment Banking Revenue	$	183,454	$	154,426	$	314,837	$	238,921
Investment Management Revenue	25,738		20,036		47,277		39,800
Other Revenue, Including Interest	1,428		1,593		3,221		3,889
Total Revenues	210,620		176,055		365,335		282,610
Interest Expense	3,174		3,558		6,467		7,315
Net Revenues	207,446		172,497		358,868		275,295
Expenses
Employee Compensation and Benefits	131,793		114,290		233,865		195,017
Occupancy and Equipment Rental	8,238		9,146		16,997		17,391
Professional Fees	9,418		8,272		17,270		15,328
Travel and Related Expenses	8,284		7,648		15,465		14,381
Communications and Information Services	3,424		3,028		6,844		5,816
Depreciation and Amortization	3,661		3,680		7,219		9,042
Special Charges	—		662		—		662
Acquisition and Transition Costs	—		75		58		148
Other Operating Expenses	4,566		4,501		8,144		8,458
Total Expenses	169,384		151,302		305,862		266,243
Income Before Income from Equity Method Investments and Income Taxes	38,062		21,195		53,006		9,052
Income from Equity Method Investments	1,015		719		1,771		3,104
Income Before Income Taxes	39,077		21,914		54,777		12,156
Provision for Income Taxes	17,066		9,773		24,388		5,135
Net Income	22,011		12,141		30,389		7,021
Net Income Attributable to Noncontrolling Interest	5,585		4,207		7,994		2,455
Net Income Attributable to Evercore Partners Inc.	$	16,426	$	7,934	$	22,395	$	4,566
Net Income Attributable to Evercore Partners Inc. Common Shareholders	$	16,405	$	7,913	$	22,353	$	4,524
Weighted Average Shares of Class A Common Stock Outstanding
Basic	31,811		29,213		31,836		29,169
Diluted	37,501		31,664		37,738		32,106
Net Income Per Share Attributable to Evercore Partners Inc. Common Shareholders:
Basic	$	0.52	$	0.27	$	0.70	$	0.16
Diluted	$	0.44	$	0.25	$	0.59	$	0.14
Dividends Declared per Share of Class A Common Stock	$	0.22	$	0.20	$	0.44	$	0.40

See Notes to Unaudited Condensed Consolidated Financial Statements.

5

EVERCORE PARTNERS INC.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(UNAUDITED)

(dollars in thousands)

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2013			2012			2013			2012
Net Income	$	22,011		$	12,141		$	30,389		$	7,021
Other Comprehensive Income (Loss), net of tax:
Unrealized Gain (Loss) on Marketable Securities, net	(662		)	(1,041		)	(205		)	(2		)
Foreign Currency Translation Adjustment Gain (Loss), net	(1,698		)	(4,314		)	(2,179		)	8
Other Comprehensive Income (Loss)	(2,360		)	(5,355		)	(2,384		)	6
Comprehensive Income	19,651			6,786			28,005			7,027
Comprehensive Income Attributable to Noncontrolling Interest	5,036			2,536			7,439			2,394
Comprehensive Income Attributable to Evercore Partners Inc.	$	14,615		$	4,250		$	20,566		$	4,633

See Notes to Unaudited Condensed Consolidated Financial Statements.

6

EVERCORE PARTNERS INC.

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

(UNAUDITED)

(dollars in thousands, except share data)

	For the Six Months Ended June 30, 2013
							Accumulated
				Additional			Other			Retained
	Class A Common Stock			Paid-In			Comprehensive			Earnings			Treasury Stock					Noncontrolling			Total
	Shares	Dollars		Capital			Income (Loss)			(Deficit)			Shares		Dollars			Interest			Equity
Balance at December 31, 2012	35,040,501	$	350	$	654,275		$	(9,086	)	$	(77,079	)	(5,463,515	)	$	(139,954	)	$	62,243		$	490,749
Net Income	—	—		—			—			22,395			—		—			7,994			30,389
Other Comprehensive Income (Loss)	—	—		—			(1,829		)	—			—		—			(555		)	(2,384		)
Treasury Stock Purchases	—	—		—			—			—			(2,141,121	)	(81,108		)	—			(81,108		)
Evercore LP Units Purchased or Converted into Class A Common Stock	1,326,127	13		9,406			—			—			—		—			(13,187		)	(3,768		)
Stock-based Compensation Awards	1,887,385	19		55,355			—			—			2,600		65			10,725			66,164
Dividends and Equivalents	—	—		3,041			—			(17,162		)	—		—			—			(14,121		)
Noncontrolling Interest (Note 12)	—	—		(2,483		)	—			—			—		—			(11,628		)	(14,111		)
Balance at June 30, 2013	38,254,013	$	382	$	719,594		$	(10,915	)	$	(71,846	)	(7,602,036	)	$	(220,997	)	$	55,592		$	471,810
	For the Six Months Ended June 30, 2012
							Accumulated
				Additional			Other			Retained
	Class A Common Stock			Paid-In			Comprehensive			Earnings			Treasury Stock					Noncontrolling			Total
	Shares	Dollars		Capital			Income (Loss)			(Deficit)			Shares		Dollars			Interest			Equity
Balance at December 31, 2011	31,014,265	$	310	$	575,122		$	(12,058	)	$	(76,703	)	(3,072,958	)	$	(79,007	)	$	58,162		$	465,826
Net Income	—	—		—			—			4,566			—		—			2,455			7,021
Other Comprehensive Income (Loss)	—	—		—			67			—			—		—			(61		)	6
Treasury Stock Purchases	—	—		—			—			—			(1,537,606	)	(40,409		)	—			(40,409		)
Evercore LP Units Converted into Class A Common Stock	314,877	3		1,883			—			—			—		—			(1,185		)	701
Stock-based Compensation Awards	1,487,759	15		38,698			—			—			—		—			10,554			49,267
Shares Issued as Consideration for Acquisitions and Investments	—	—		—			—			—			155,333		4,027			—			4,027
Dividends and Equivalents	—	—		2,389			—			(14,067		)	—		—			—			(11,678		)
Noncontrolling Interest (Note 12)	—	—		790			—			—			—		—			(8,153		)	(7,363		)
Balance at June 30, 2012	32,816,901	$	328	$	618,882		$	(11,991	)	$	(86,204	)	(4,455,231	)	$	(115,389	)	$	61,772		$	467,398

See Notes to Unaudited Condensed Consolidated Financial Statements.

7

EVERCORE PARTNERS INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

(dollars in thousands)

	For the Six Months Ended June 30,
	2013			2012
Cash Flows From Operating Activities
Net Income	$	30,389		$	7,021
Adjustments to Reconcile Net Income to Net Cash Provided by (Used in) Operating Activities:
Net (Gains) Losses on Investments, Marketable Securities and Contingent Consideration	(2,964		)	968
Equity Method Investments	4,115			(2,563		)
Equity-Based and Other Deferred Compensation	63,802			58,182
Depreciation, Amortization and Accretion	8,126			9,881
Bad Debt Expense	317			566
Deferred Taxes	(3,633		)	3,002
Decrease (Increase) in Operating Assets:
Marketable Securities	133			406
Financial Instruments Owned and Pledged as Collateral at Fair Value	42,901			9,111
Securities Purchased Under Agreements to Resell	(4,022		)	2,259
Accounts Receivable	(28,910		)	(2,496		)
Receivable from Employees and Related Parties	(4,920		)	1,246
Other Assets	(3,163		)	568
(Decrease) Increase in Operating Liabilities:
Accrued Compensation and Benefits	(62,331		)	(69,456		)
Accounts Payable and Accrued Expenses	2,966			(2,313		)
Securities Sold Under Agreements to Repurchase	(38,908		)	(11,430		)
Payables to Employees and Related Parties	4,213			(351		)
Taxes Payable	(11,879		)	(1,970		)
Other Liabilities	(1,865		)	42
Net Cash Provided by (Used in) Operating Activities	(5,633		)	2,673
Cash Flows From Investing Activities
Investments Purchased	(1,274		)	(870		)
Distributions of Private Equity Investments	154			906
Marketable Securities:
Proceeds from Sales and Maturities	23,062			50,360
Purchases	(21,055		)	(17,183		)
Cash Acquired from Acquisitions	170			—
Change in Restricted Cash	—			2,393
Purchase of Furniture, Equipment and Leasehold Improvements	(1,540		)	(9,508		)
Net Cash Provided by (Used In) Investing Activities	(483		)	26,098
Cash Flows From Financing Activities
Issuance of Noncontrolling Interests	2,750			333
Distributions to Noncontrolling Interests	(11,527		)	(7,868		)
Cash Paid for Deferred and Contingent Consideration	—			(1,000		)
Purchase of Evercore LP Units and Treasury Stock	(87,875		)	(40,550		)
Excess Tax Benefits Associated with Equity-Based Awards	6,581			1,033
Dividends—Class A Stockholders	(14,121		)	(11,678		)
Other	—			(78		)
Net Cash Provided by (Used in) Financing Activities	(104,192		)	(59,808		)
Effect of Exchange Rate Changes on Cash	(1,688		)	(1,200		)
Net Increase (Decrease) in Cash and Cash Equivalents	(111,996		)	(32,237		)
Cash and Cash Equivalents-Beginning of Period	259,431			182,905
Cash and Cash Equivalents-End of Period	$	147,435		$	150,668
SUPPLEMENTAL CASH FLOW DISCLOSURE
Payments for Interest	$	5,616		$	6,527
Payments for Income Taxes	$	33,986		$	5,046
Furniture, Equipment and Leasehold Improvements Accrued	$	637		$	943
Decrease in Fair Value of Redeemable Noncontrolling Interest	$	921		$	1,303
Dividend Equivalents Issued	$	3,041		$	2,389
Notes Exchanged for Equity in Subsidiary	$	1,042		$	—
Settlement of Contingent Consideration	$	1,000		$	—
Receipt of Marketable Securities in Settlement of Accounts Receivable	$	1,772		$	—
Commitment to Purchase Noncontrolling Interest	$	7,890		$	—

See Notes to Unaudited Condensed Consolidated Financial Statements.

8

Note 1 – Organization

Evercore Partners Inc. and subsidiaries (the “Company”) is an investment banking and investment management firm, incorporated in Delaware on July 21, 2005 and headquartered in New York, New York. The Company is a holding company which owns a controlling interest in Evercore LP, a Delaware limited partnership (“Evercore LP”). Subsequent to the Company’s initial public offering (“IPO”), the Company became the sole general partner of Evercore LP. The Company operates from its offices in the United States, the United Kingdom, Mexico, Hong Kong, Canada and, through its affiliate Evercore G5 Holdings S.A. (“G5”), in Brazil.

The Investment Banking business includes the advisory business through which the Company provides advice to clients on significant mergers, acquisitions, divestitures and other strategic corporate transactions, with a particular focus on advising prominent multinational corporations and substantial private equity firms on large, complex transactions. The Company also provides restructuring advice to companies in financial transition, as well as to creditors, shareholders and potential acquirers. In addition, the Company provides its clients with capital markets advice, underwrites securities offerings and raises funds for financial sponsors. The Investment Banking business also includes the Institutional Equities business through which the Company offers equity research and agency-based equity securities trading for institutional investors.

The Investment Management business includes the institutional asset management business through which the Company, directly and through affiliates, manages financial assets for sophisticated institutional investors and provides independent fiduciary services to corporate employee benefit plans and high net-worth individuals, the wealth management business through which the Company provides investment advisory and wealth management services for high net-worth individuals and entities, and the private equity business through which the Company, directly and through affiliates, manages private equity funds.

Note 2 – Significant Accounting Policies

For a complete discussion of the Company’s accounting policies, refer to the Company’s Annual Report on Form 10-K for the year ended December 31, 2012.

Basis of Presentation – The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with the instructions to Form 10-Q. As permitted by the rules and regulations of the United States Securities and Exchange Commission, the unaudited condensed consolidated financial statements contain certain condensed financial information and exclude certain footnote disclosures normally included in audited consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The accompanying condensed consolidated financial statements are unaudited and are prepared in accordance with U.S. GAAP. In the opinion of the Company’s management, the accompanying unaudited condensed consolidated financial statements contain all adjustments, including normal recurring accruals, necessary to fairly present the accompanying unaudited condensed consolidated financial statements. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in the Company’s annual report on Form 10-K for the year ended December 31, 2012. The December 31, 2012 Unaudited Condensed Consolidated Statement of Financial Condition data was derived from audited consolidated financial statements, but does not include all disclosures required by U.S. GAAP. Operating results for the interim periods are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2013.

The unaudited condensed consolidated financial statements of the Company are comprised of the consolidation of Evercore LP and Evercore LP’s wholly-owned and majority-owned direct and indirect subsidiaries, including Evercore Group L.L.C. (“EGL”), a registered broker-dealer in the U.S. The Company’s policy is to consolidate all subsidiaries in which it has a controlling financial interest, as well as any variable interest entities (“VIEs”) where the Company is deemed to be the primary beneficiary, when it has the power to make the decisions that most significantly affect the economic performance of the VIE and has the obligation to absorb significant losses or the right to receive benefits that could potentially be significant to the VIE, except for certain VIEs that qualify for accounting purposes as investment companies. The Company reviews factors, including the rights of the equity holders and obligations of equity holders to absorb losses or receive expected residual returns, to determine if the investment is a VIE. In evaluating whether the Company is the primary beneficiary, the Company evaluates its economic interests in the entity held either directly or indirectly by the Company. The consolidation analysis is generally performed qualitatively. This analysis, which requires judgment, is performed at each reporting date.

In February 2010, Accounting Standards Update (“ASU”) No. 2010-10, “Amendments for Certain Investment Funds”, was issued. This ASU defers the application of the revised consolidation rules for a reporting entity’s interest in an entity if certain conditions are met, including if the entity has the attributes of an investment company and is not a securitization or asset-backed financing entity. An entity that qualifies for the deferral will continue to be assessed for consolidation under the

9

overall guidance on VIEs, before its amendment, and other applicable consolidation guidance. Generally, the Company would consolidate those entities when it absorbs a majority of the expected losses or a majority of the expected residual returns, or both, of the entities.

For entities that the Company has concluded are not VIEs, the Company then evaluates whether the fund is a partnership or similar entity. If the fund is a partnership or similar entity, the Company evaluates the fund under the partnership consolidation guidance. Pursuant to that guidance, the Company consolidates funds in which it is the general partner and/or manages through a contract, unless presumption of control by the Company can be overcome. This presumption is overcome only when unrelated investors in the fund have the substantive ability to liquidate the fund or otherwise remove the Company as the general partner without cause, based on a simple majority vote of unaffiliated investors, or have other substantive participating rights. If the presumption of control can be overcome, the Company accounts for its interest in the fund pursuant to the equity method of accounting.

All intercompany balances and transactions with the Company’s subsidiaries have been eliminated upon consolidation.

Note 3 – Recent Accounting Pronouncements

ASU 2011-11 – In December 2011, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2011-11, “Disclosures about Offsetting Assets and Liabilities” (“ASU 2011-11”). ASU 2011-11 provides amendments to Accounting Standards Codification (“ASC”) No. 210, “Balance Sheet”, which are intended to enhance disclosures required by U.S. GAAP by requiring improved information about financial instruments and derivative instruments that are either (1) offset in accordance with either Section 210-20-45 or Section 815-10-45 or (2) subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in accordance with either Section 210-20-45 or Section 815-10-45. This information will enable users of an entity’s financial statements to evaluate the effect or potential effect of netting arrangements on an entity’s financial position, including the effect or potential effect of rights of setoff associated with certain financial instruments and derivative instruments in the scope of this update. In January 2013, the FASB issued ASU No. 2013-01, “Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities” (“ASU 2013-01”), which provides amendments that clarify that the scope of ASU 2011-11 applies to derivatives accounted for in accordance with ASC No. 815, “Derivatives and Hedging”, including bifurcated embedded derivatives, repurchase and reverse repurchase agreements, and securities borrowing and securities lending transactions. The amendments in these updates are effective retrospectively for interim and annual periods beginning after January 1, 2013. The adoption of ASU 2011-11 and ASU 2013-01 did not have a material impact on the Company’s financial condition, results of operations and cash flows, or disclosures thereto.

ASU 2013-02 – In February 2013, the FASB issued ASU No. 2013-02, “Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income” (“ASU 2013-02”). ASU 2013-02 provides amendments to ASC No. 220, “Comprehensive Income”, which are intended to enhance disclosures required by U.S. GAAP by requiring improved information about the amounts reclassified out of accumulated other comprehensive income by component, and to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income and their corresponding effect on the respective line items in net income if the amount being reclassified is required under U.S. GAAP to be reclassified in its entirety to net income. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures required under U.S. GAAP that provide additional detail about those amounts. The amendments in this update are effective prospectively during interim and annual periods beginning after December 15, 2012, with early adoption permitted. The adoption of ASU 2013-02 did not have a material impact on the Company’s financial condition, results of operations and cash flows, or disclosures thereto.

ASU 2013-05 – In March 2013, the FASB issued ASU No. 2013-05, “Parent’s Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity” (“ASU 2013-05”). ASU 2013-05 provides amendments to ASC No. 830, “Foreign Currency Matters”, which are intended to resolve diversity in practice by clarifying the guidance for the release of the cumulative translation adjustment into net income when a parent either sells a part or all of its investment in a foreign entity or no longer holds a controlling financial interest in a subsidiary or group of assets that is a nonprofit activity or a business within a foreign entity. The amendments also clarify the guidance for the release of the cumulative translation adjustment into net income for business combinations achieved in stages involving a foreign entity. The amendments in this update are effective prospectively during interim and annual periods beginning after December 15, 2013, with early adoption permitted. The Company is currently assessing the impact of the adoption of this update on the Company’s consolidated financial condition, results of operations and cash flows.

ASU 2013-08 – In June 2013, the FASB issued ASU No. 2013-08, “Amendments to the Scope, Measurement, and Disclosure Requirements” (“ASU 2013-08”). ASU 2013-08 provides amendments to ASC No. 946, “Financial Services -

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Investment Companies”, which modify the guidance for the assessment of whether an entity is an investment company and provide additional implementation guidance for the assessment. The amendments also require fair value measurement rather than equity method accounting for noncontrolling ownership interests in other investment companies, and require additional disclosures about an entity's status as an investment company and financial support provided or contractually required to be provided by an investment company to its investees. The amendments in this update are effective prospectively during interim and annual periods beginning after December 15, 2013, with early adoption prohibited. The Company is currently assessing the impact of the adoption of this update on the Company’s consolidated financial condition, results of operations and cash flows.

ASU 2013-11 – In July 2013, the FASB issued ASU No. 2013-11, “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists” (“ASU 2013-11”). ASU 2013-11 provides amendments to ASC No. 740, “Income Taxes”, which clarify the guidance for the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. The amendments require that an unrecognized tax benefit, or a portion of an unrecognized tax benefit, be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward. If a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The amendments in this update are effective prospectively during interim and annual periods beginning after December 15, 2014, with early adoption prohibited. The Company is currently assessing the impact of the adoption of this update on the Company’s consolidated financial condition, results of operations and cash flows.

Note 4 – Acquisition and Transition Costs, Intangible Asset Amortization and Special Charges

Acquisition and Transition Costs

The Company recognized $58 for the six months endedJune 30, 2013 and $75 and $148for the three and six months ended June 30, 2012, respectively, as Acquisition and Transition Costs incurred in connection with recent acquisitions and other ongoing business development initiatives. These costs are primarily comprised of professional fees for legal and other services.

Intangible Asset Amortization

Expense associated with the amortization of intangible assets for Investment Banking was $204 and $408for the three and six months ended June 30, 2013, respectively, and $594 and $3,043for the three and six months ended June 30, 2012, respectively, included within Depreciation and Amortization expense on the Unaudited Condensed Consolidated Statements of Operations. Expense associated with the amortization of intangible assets for Investment Management was $1,851 and $3,641for the three and six months ended June 30, 2013, respectively, and $1,674 and $3,349for the three and six months ended June 30, 2012, respectively, included within Depreciation and Amortization expense on the Unaudited Condensed Consolidated Statements of Operations. See Note 8 for Goodwill and Intangible assets acquired as a result of the Company’s consolidation of Evercore Pan-Asset Capital Management ("Pan").

Special Charges

The Company recognized costs of $662 for the three and six months ended June 30, 2012, as Special Charges incurred in connection with exiting facilities in the UK.

Note 5 – Related Parties

Investment Management Revenue includes income from related parties earned from the Company’s private equity funds for portfolio company fees, management fees, expense reimbursements and realized and unrealized gains and losses of private equity fund investments. Total Investment Management revenues from related parties amounted to $4,983 and $7,135for the three and six months ended June 30, 2013, respectively, and $993 and $1,987for the three and six months ended June 30, 2012, respectively.

Investment Banking Revenue includes advisory fees earned from clients that have a Senior Managing Director as a member of their Board of Directors of $10,750 for the six months endedJune 30, 2013.

Other Assets on the Unaudited Condensed Consolidated Statements of Financial Condition includes receivables from certain employees of $4,017 and $1,546 as of June 30, 2013 and December 31, 2012, respectively.

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Note 6 – Marketable Securities

The amortized cost and estimated fair value of the Company’s Marketable Securities as of June 30, 2013 and December 31, 2012 were as follows:

	June 30, 2013								December 31, 2012
	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Securities Investments	$	12,662	$	608	$	23	$	13,247	$	10,172	$	1,428	$	20	$	11,580
Debt Securities Carried by EGL	14,762		55		36		14,781		13,522		97		—		13,619
Mutual Funds	7,742		716		94		8,364		10,946		412		12		11,346
Total	$	35,166	$	1,379	$	153	$	36,392	$	34,640	$	1,937	$	32	$	36,545

Scheduled maturities of the Company’s available-for-sale debt securities within the Securities Investments portfolio as of June 30, 2013 and December 31, 2012 were as follows:

	June 30, 2013				December 31, 2012
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due within one year	$	409	$	410	$	658	$	659
Due after one year through five years	1,894		1,902		1,415		1,437
Due after five years through 10 years	600		601		347		346
Total	$	2,903	$	2,913	$	2,420	$	2,442

Securities Investments

Securities Investments include seed capital and other equity and debt securities, which are classified as available-for-sale securities within Marketable Securities on the Unaudited Condensed Consolidated Statements of Financial Condition. These securities are stated at fair value with unrealized gains and losses included in Accumulated Other Comprehensive Income (Loss) and realized gains and losses included in earnings. The Company had realized gains (losses) of ($286) and ($189)for the three and six months ended June 30, 2013, respectively, and ($15) and ($18)for the three and six months ended June 30, 2012, respectively.

Debt Securities Carried by EGL

EGL invests in a fixed income portfolio consisting primarily of municipal bonds. These securities are carried at fair value, with changes in fair value recorded in Other Revenue, Including Interest, on the Unaudited Condensed Consolidated Statements of Operations, as required for broker-dealers in securities. The Company had net realized and unrealized gains (losses) of ($122) and ($133)for the three and six months ended June 30, 2013, respectively, and ($150) and ($406)for the three and six months ended June 30, 2012, respectively.

Mutual Funds

The Company invests in a portfolio of mutual funds as an economic hedge against the Company’s deferred compensation program. See Note 14 for further information. These securities are carried at fair value, with changes in fair value recorded in Other Revenue, Including Interest, on the Unaudited Condensed Consolidated Statements of Operations. The Company had net realized and unrealized gains (losses) of ($136) and $461for the three and six months ended June 30, 2013, respectively, and ($130) and $454for the three and six months ended June 30, 2012, respectively.

Note 7 – Financial Instruments Owned and Pledged as Collateral at Fair Value, Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase

The Company, through Evercore Casa de Bolsa, S.A. de C.V. (“ECB”), enters into repurchase agreements with clients seeking overnight money market returns whereby ECB transfers to the clients Mexican government securities in exchange for cash and concurrently agrees to repurchase the securities at a future date for an amount equal to the cash exchanged plus a stipulated premium or interest factor. ECB deploys the cash received from, and acquires the securities deliverable to, clients

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under these repurchase arrangements by purchasing securities in the open market, which the Company reflects as Financial Instruments Owned and Pledged as Collateral at Fair Value on the Unaudited Condensed Consolidated Statements of Financial Condition, or by entering into reverse repurchase agreements with unrelated third parties. The Company accounts for these repurchase and reverse repurchase agreements as collateralized financing transactions, which are carried at their contract amounts, which approximate fair value given that the contracts generally mature the following business day. The Company records a liability on its Unaudited Condensed Consolidated Statements of Financial Condition in relation to repurchase transactions executed with clients as Securities Sold Under Agreements to Repurchase. The Company records as assets on its Unaudited Condensed Consolidated Statements of Financial Condition, Financial Instruments Owned and Pledged as Collateral at Fair Value (where the Company has acquired the securities deliverable to clients under these repurchase arrangements by purchasing securities in the open market) and Securities Purchased Under Agreements to Resell (where the Company has acquired the securities deliverable to clients under these repurchase agreements by entering into reverse repurchase agreements with unrelated third parties). These Mexican government securities have an estimated average time to maturity of approximately 1.9 years, as of June 30, 2013, and are pledged as collateral against repurchase agreements. Generally, collateral is posted equal to the contract value at inception and is subject to market changes. These repurchase agreements are primarily with institutional customer accounts managed by ECB and permit the counterparty to pledge the securities.

As of June 30, 2013 and December 31, 2012, a summary of the Company’s assets, liabilities and collateral received or pledged related to these transactions is as follows:

	June 30, 2013						December 31, 2012
	Asset (Liability) Balance			Market Value of Collateral Received or (Pledged)			Asset (Liability) Balance			Market Value of Collateral Received or (Pledged)
Assets
Financial Instruments Owned and Pledged as Collateral at Fair Value	$	78,887					$	120,594
Securities Purchased Under Agreements to Resell	3,879			$	3,900		—			$	—
Total Assets	$	82,766					$	120,594
Liabilities
Securities Sold Under Agreements to Repurchase	$	(82,930	)	$	(83,060	)	$	(120,787	)	$	(121,029	)

Note 8 – Investments

The Company’s investments reported on the Unaudited Condensed Consolidated Statements of Financial Condition consist of investments in private equity partnerships and other investments in unconsolidated affiliated companies. The Company’s investments are relatively high-risk and illiquid assets. Realized and unrealized gains and losses on the private equity investments are included within Investment Management Revenue. The Company’s share of earnings (losses) on the investments in G5, ABS Investment Management, LLC (“ABS”) and Pan (consolidated on March 15, 2013) are included within Income from Equity Method Investments on the Unaudited Condensed Consolidated Statements of Operations.

Investments in Private Equity

The Company’s investments in private equity partnerships include investments in Evercore Capital Partners II L.P. and its affiliated entities (“ECP II”), Discovery Americas I, L.P. (the “Discovery Fund”), Evercore Mexico Capital Partners II (“EMCP II”), Evercore Mexico Capital Partners III (“EMCP III”), CSI Capital, L.P. (“CSI Capital”) and Trilantic Capital Partners Associates IV L.P. (“Trilantic IV”). Portfolio holdings of the private equity funds are carried at fair value. Accordingly, the Company reflects its pro rata share of the unrealized gains and losses occurring from changes in fair value. Additionally, the Company reflects its pro rata share of realized gains, losses and carried interest associated with any investment realizations.

On June 4, 2013, the general partner of EMCP III, Evercore Mexico Partners III ("EMP III"), amended and restated its Limited Partnership Agreement and admitted certain limited partners, which are related parties of the Company.  The Company viewed this modification as a reconsideration event under ASC 810-10, Consolidation, and concluded that EMP III is a VIE and that the Company is the primary beneficiary of this VIE. Specifically, the Company's general partner interests in EMP III provide the Company the ability to make decisions that significantly impact the economic performance of EMP III, while the limited partners do not possess substantive participating rights over EMP III. The Company's assessment of the primary beneficiary of EMP III included assessing which parties have the power to significantly impact the economic performance of EMP III and the obligation to absorb losses, which could be potentially significant to EMP III, or the right to receive benefits from EMP III that could be potentially significant. The Company had previously consolidated EMP III as a voting interest entity; accordingly, this event had no impact on the assets and liabilities of the Company. EMP III had assets of $3,663 and

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liabilities of $259, included in the Company's Unaudited Condensed Consolidated Statement of Financial Condition at June 30, 2013. The assets retained by EMP III are for the benefit of the interest holders of EMP III.

In June 2013, the Company held a fourth and final closing on EMCP III, a private equity fund focused on middle market investments in Mexico. The total subscribed capital commitments of $201,000 included a capital commitment of $10,750 by EMP III, of which $1,000 relates to the Company and $9,750 relates to noncontrolling interest holders. At June 30, 2013, unfunded commitments of EMP III were $7,375, including $686 due from the Company.

A summary of the Company’s investment in the private equity funds as of June 30, 2013 and December 31, 2012 was as follows:

	June 30, 2013		December 31, 2012
ECP II	$	3,332	$	3,793
Discovery Fund	4,594		3,060
EMCP II	11,474		10,400
EMCP III	3,419		1,696
CSI Capital	3,210		3,056
Trilantic IV	4,677		4,573
Total Private Equity Funds	$	30,706	$	26,578

Net realized and unrealized gains (losses) on private equity fund investments, including performance fees, were $2,073 and $2,550for the three and six months ended June 30, 2013, respectively, and ($301) and ($608)for the three and six months ended June 30, 2012, respectively. In the event the funds perform poorly, the Company may be obligated to repay certain carried interest previously distributed. As of June 30, 2013, the Company had $2,701 of previously received carried interest that may be subject to repayment.

Trilantic Capital Partners

In 2010, the Company made an investment in Trilantic Capital Partners (“Trilantic”). See Note 12 for further information. This investment had a balance of $14,999 as of June 30, 2013 and December 31, 2012.

Equity Method Investments

A summary of the Company’s other equity investments as of June 30, 2013 and December 31, 2012 was as follows:

	June 30, 2013		December 31, 2012
G5	$	18,886	$	19,720
ABS	43,932		46,851
Pan	—		2,749
Total	$	62,818	$	69,320

G5

In 2010, the Company made an equity method investment in G5. At June 30, 2013, the Company’s economic ownership interest in G5 was 49%. This investment resulted in earnings (losses) of $247 and $184for the three and six months ended June 30, 2013, respectively, and ($93) and $1,270for the three and six months ended June 30, 2012, respectively, included within Income from Equity Method Investments on the Unaudited Condensed Consolidated Statements of Operations.

ABS

In 2011, the Company made an equity method investment in ABS. At June 30, 2013, the Company’s economic ownership interest in ABS was 45%. This investment resulted in earnings of $768 and $1,642for the three and six months ended June 30, 2013, respectively, and $912 and $1,622for the three and six months ended June 30, 2012, respectively, included within Income from Equity Method Investments on the Unaudited Condensed Consolidated Statements of Operations.

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Pan

In 2008, the Company made an equity method investment of $4,158 in Pan. This investment resulted in earnings (losses) of ($55) for the six months endedJune 30, 2013, and ($100) and $212for the three and six months ended June 30, 2012, respectively, included within Income from Equity Method Investments on the Unaudited Condensed Consolidated Statements of Operations.

In 2011 and 2012, the Company concluded that Pan was a VIE, and that the Company was not the primary beneficiary of the VIE. On March 15, 2013, the Company exchanged its notes receivable from Pan for additional common equity, increasing its common equity ownership interest to 68%, from 50%. The Company viewed this transaction as a reconsideration event and concluded that, as a result, it had become the primary beneficiary of Pan, and therefore consolidated Pan in the Company's unaudited condensed consolidated financial statements as of that date. The Company determined that it was the primary beneficiary of Pan because it possessed the power to significantly impact the economic performance of Pan and maintained the obligation to absorb losses of Pan, which could be potentially significant, or the right to receive benefits from Pan, that could be potentially significant. The assets retained by Pan are not generally available to the Company and the liabilities are generally non-recourse to the Company. The Company recorded assets of $702 and liabilities of $518 on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of June 30, 2013 as a result of the consolidation. The consolidation also resulted in goodwill of $3,020 and intangible assets relating to client relationships of $1,440, recognized in the Investment Management Segment. The intangible assets are being amortized over an estimated useful life of seven years.

Other

The Company allocates the purchase price of its equity method investments, in part, to the inherent finite-lived identifiable intangible assets of the investees. The Company’s share of the earnings of the investees has been reduced by the amortization of these identifiable intangible assets inherent in the investments of $647 and $1,294for the three and six months ended June 30, 2013, respectively, and $649 and $1,396for the three and six months ended June 30, 2012, respectively.

Note 9 – Fair Value Measurements

ASC 820, “Fair Value Measurements and Disclosures” (“ASC 820”) establishes a hierarchal disclosure framework which prioritizes and ranks the level of market price observability used in measuring investments at fair value. Market price observability is affected by a number of factors, including the type of investment and the characteristics specific to the investment. Investments with readily-available active quoted prices or for which fair value can be measured from actively quoted prices generally will have a higher degree of market price observability and a lesser degree of judgment used in measuring fair value.

Investments measured and reported at fair value are classified and disclosed in one of the following categories:

Level I – Quoted prices are available in active markets for identical investments as of the reporting date. The type of investments included in Level I include listed equities and listed derivatives. As required by ASC 820, the Company does not adjust the quoted price for these investments, even in situations where the Company holds a large position and a sale could reasonably impact the quoted price.

Level II – Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the reporting date, and fair value is determined through the use of models or other valuation methodologies. The estimated fair values of the Corporate Bonds, Municipal Bonds, Other Debt Securities and Securities Investments held at June 30, 2013 and December 31, 2012 are based on quoted market prices provided by external pricing services.

Level III – Pricing inputs are unobservable for the investment and includes situations where there is little, if any, market activity for the investment. The inputs into the determination of fair value require significant management judgment or estimation.

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The following table presents the categorization of investments and certain other financial assets measured at fair value on a recurring basis as of June 30, 2013 and December 31, 2012:

	June 30, 2013
	Level I		Level II		Level III		Total
Corporate Bonds, Municipal Bonds and Other Debt Securities (1)	$	—	$	33,781	$	—	$	33,781
Securities Investments (1)	14,465		4,782		—		19,247
Mutual Funds	8,364		—		—		8,364
Financial Instruments Owned and Pledged as Collateral at Fair Value	78,887		—		—		78,887
Total Assets Measured At Fair Value	$	101,716	$	38,563	$	—	$	140,279
	December 31, 2012
	Level I		Level II		Level III		Total
Corporate Bonds, Municipal Bonds and Other Debt Securities (1)	$	—	$	38,482	$	—	$	38,482
Securities Investments	9,138		2,442		—		11,580
Mutual Funds	11,346		—		—		11,346
Financial Instruments Owned and Pledged as Collateral at Fair Value	120,594		—		—		120,594
Total Assets Measured At Fair Value	$	141,078	$	40,924	$	—	$	182,002

(1) Includes $25,000 and $24,863 of treasury bills, municipal bonds and commercial paper classified within Cash and Cash Equivalents on the Unaudited Condensed Consolidated Statements of Financial Condition as of June 30, 2013 and December 31, 2012, respectively.

In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the investment.

The Company had no transfers between fair value levels during the three and six months ended June 30, 2013 or the year ended December 31, 2012.

The carrying amount and estimated fair value of the Company’s financial instrument assets and liabilities which are not measured at fair value on the Unaudited Condensed Consolidated Statements of Financial Condition are listed in the tables below.

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			June 30, 2013
	Carrying		Estimated Fair Value
	Amount		Level I		Level II		Level III		Total
Financial Assets:
Cash and Cash Equivalents	$	122,435	$	122,435	$	—	$	—	$	122,435
Securities Purchased Under Agreements to Resell	3,879		—		3,879		—		3,879
Accounts Receivable	114,243		—		114,243		—		114,243
Receivable from Employees and Related Parties	9,111		—		9,111		—		9,111
Assets Segregated for Bank Regulatory Requirements	10,200		10,200		—		—		10,200
Financial Liabilities:
Accounts Payable and Accrued Expenses	$	20,968	$	—	$	20,968	$	—	$	20,968
Securities Sold Under Agreements to Repurchase	82,930		—		82,930		—		82,930
Payable to Employees and Related Parties	16,772		—		16,772		—		16,772
Notes Payable	102,282		—		128,381		—		128,381
			December 31, 2012
	Carrying		Estimated Fair Value
	Amount		Level I		Level II		Level III		Total
Financial Assets:
Cash and Cash Equivalents	$	234,568	$	234,568	$	—	$	—	$	234,568
Accounts Receivable	89,098		—		89,098		—		89,098
Receivable from Employees and Related Parties	5,166		—		5,166		—		5,166
Assets Segregated for Bank Regulatory Requirements	10,200		10,200		—		—		10,200
Financial Liabilities:
Accounts Payable and Accrued Expenses	$	17,909	$	—	$	17,909	$	—	$	17,909
Securities Sold Under Agreements to Repurchase	120,787		—		120,787		—		120,787
Payable to Employees and Related Parties	12,964		—		12,964		—		12,964
Notes Payable	101,375		—		136,860		—		136,860

The following methods and assumptions were used to estimate the fair value of these financial assets and liabilities:

The fair value of the Company’s Notes Payable is estimated based on a present value analysis utilizing aggregate market yields obtained from independent pricing sources for similar financial instruments.

The carrying amounts reported on the Unaudited Condensed Consolidated Statements of Financial Condition for Cash and Cash Equivalents, Securities Purchased Under Agreements to Resell, Securities Sold Under Agreements to Repurchase, Accounts Receivable, Receivables from Employees and Related Parties, Accounts Payable and Accrued Expenses, Payables to Employees and Related Parties and Assets Segregated for Bank Regulatory Requirements approximate fair value due to the short term nature of these items.

Note 10 – Issuance of Notes Payable and Warrants

On August 21, 2008, the Company entered into a Purchase Agreement with Mizuho Corporate Bank, Ltd. (“Mizuho”) pursuant to which Mizuho purchased from the Company $120,000 principal amount of Senior Notes due 2020 with a 5.20% coupon (“Senior Notes”) and warrants to purchase 5,455 shares of the Company’s Class A common stock, par value $0.01 per share (“Class A Shares”) at $22.00 per share (the “Warrants”) expiring in 2020. Based on their relative fair value at issuance, plus accretion, the Senior Notes and Warrants were reflected in Notes Payable and Additional Paid-In-Capital on the Unaudited Condensed Consolidated Statements of Financial Condition. The Senior Notes have an effective yield of 7.94%.

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The holder of the Senior Notes may require the Company to purchase, for cash, all or any portion of the holder’s Senior Notes upon a change of control of the Company for a price equal to the aggregate accreted amount of such Senior Notes, (the “Accreted Amount”), plus accrued and unpaid interest. Senior Notes held by Mizuho will be redeemable at the Accreted Amount at the option of the Company at any time within 90 days following the date on which Mizuho notifies the Company that it is terminating their strategic alliance agreement (“Strategic Alliance Agreement”). Senior Notes held by any other holder than Mizuho will be redeemable at the Accreted Amount (plus accrued and unpaid interest) at the option of the Company at any time. In the event of a default under the indenture, the trustee or holders of 33 1/3% of the Senior Notes may declare that the Accreted Amount is immediately due and payable.

Pursuant to the agreement, Mizuho may transfer (A) the Senior Notes (i) with the Company’s consent, (ii) to a permitted transferee, or (iii) to the extent that such transfer does not result in any holder or group of affiliated holders directly or indirectly owning more than 15% of the aggregate principal amount of the Senior Notes, and (B) the Warrants (i) with the Company’s consent, (ii) to a permitted transferee, (iii) pursuant to a tender or exchange offer, or a merger or sale transaction involving the Company that has been recommended by the Company’s Board of Directors, or (iv) to the extent that such transfer is made pursuant to a widely distributed public offering or does not result in any holder or group of affiliated holders directly or indirectly owning more than 2% of the Company’s voting securities and the total shares of Class A common stock transferred, together with any shares of shares of Class A common stock (on an as-converted basis) transferred during the preceding 12 months, is less than 25% of the Company’s outstanding Class A common stock. The Company has a right of first offer on any proposed transfer by Mizuho of the Warrants, Common Stock purchased in the open market or acquired by exercise of the Warrants and associated Common Stock issued as dividends.

The exercise price for the Warrants is payable, at the option of the holder of the Warrants, either in cash or by tender of Senior Notes at the Accreted Amount, at any point in time.

Note 11 – Evercore Partners Inc. Stockholders’ Equity

Dividends – The Company’s Board of Directors declared on July 23, 2013, a quarterly cash dividend of $0.22 per share, to the holders of Class A Shares as of August 30, 2013, which will be paid on September 13, 2013. During the six months endedJune 30, 2013, the Company declared and paid dividends of $0.44 per share, totaling $14,121.

Treasury Stock – During the six months endedJune 30, 2013, the Company purchased 843 Class A Shares primarily from employees at values ranging from $22.24 to $43.18 per share primarily for the net settlement of stock-based compensation awards and 1,298 Class A Shares at market values ranging from $36.00 to $41.00 per share pursuant to the Company’s share repurchase program. The result of these purchases was an increase in Treasury Stock of $81,108 on the Company’s Unaudited Condensed Consolidated Statement of Financial Condition as of June 30, 2013.

LP Units – During the six months endedJune 30, 2013, 1,326 Evercore LP partnership units (“LP Units”) were exchanged for Class A Shares (including 983 LP Units which were exchanged on December 31, 2012, where settlement did not occur until January 2013), resulting in an increase to Common Stock and Additional Paid-In-Capital of $13 and $8,063, respectively, on the Company’s Unaudited Condensed Consolidated Statement of Financial Condition as of June 30, 2013.

In June 2013, the Company purchased 185 LP Units and certain other rights from a noncontrolling interest holder, resulting in a decrease to Noncontrolling Interest of $5,893 and a net increase to Additional Paid-In-Capital of $1,343, inclusive of the step-up in basis for the assets of Evercore LP, on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of June 30, 2013.

Accumulated Other Comprehensive Income (Loss) – As of June 30, 2013, Accumulated Other Comprehensive Income (Loss) on the Company’s Unaudited Condensed Consolidated Statement of Financial Condition includes an accumulated Unrealized Gain (Loss) on Marketable Securities, net, and a Foreign Currency Translation Adjustment Gain (Loss), net, of ($1,519) and ($9,396), respectively.

Other Revenue, Including Interest, and the Provision for Income Taxes on the Unaudited Condensed Consolidated Statement of Operations for the six months endedJune 30, 2013 includes ($1,683) and ($573), respectively, reclassified from Accumulated Other Comprehensive Income (Loss) related to the recognition of a cumulative foreign exchange translation loss as a result of the consolidation of Pan.

Note 12 – Noncontrolling Interest

Noncontrolling Interest recorded in the unaudited condensed consolidated financial statements of the Company relates to a 16% interest in Evercore LP, a 28% interest in ECB, a 49% interest in Evercore Wealth Management, LLC (“EWM”), a 34% equity interest in Atalanta Sosnoff Capital L.L.C. (“Atalanta Sosnoff”), a 38% interest in Institutional Equities, a 14% interest in Evercore Trust Company, N.A. (“ETC”), a 32% interest in Pan and other private equity partnerships, not owned by the

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Company at June 30, 2013. The Atalanta Sosnoff interest excludes the Series C Profits Interest, which has been reflected in Employee Compensation and Benefits Expense on the Unaudited Condensed Consolidated Statements of Operations. The Noncontrolling Interest for Evercore LP, EWM, Atalanta Sosnoff, Institutional Equities and ETC have rights, in certain circumstances, to convert into Class A Shares.

Changes in Noncontrolling Interest for the six months endedJune 30, 2013 and 2012 were as follows:

	For the Six Months Ended June 30,
	2013			2012
Beginning balance	$	62,243		$	58,162
Comprehensive income (loss)
Operating income	7,994			2,455
Other comprehensive income (loss)	(555		)	(61		)
Total comprehensive income	7,439			2,394
Other items
Evercore LP Units Purchased or Converted into Class A Common Stock	(13,187		)	(1,185		)
Amortization and Vesting of LP Units	10,725			10,554
Distributions to Noncontrolling Interests	(10,953		)	(7,868		)
Fair value of Noncontrolling Interest in Pan	774			—
Issuance of Noncontrolling Interest	3,080			333
Purchase of Noncontrolling Interest	(4,529		)	—
Other	—			(618		)
Total other items	(14,090		)	1,216
Ending balance	$	55,592		$	61,772

Other comprehensive income (loss) attributed to Noncontrolling Interest includes Unrealized Gain (Loss) on Marketable Securities, net, of ($156) and ($39)for the three and six months ended June 30, 2013, respectively, and ($341) and ($29)for the three and six months ended June 30, 2012, respectively, and Foreign Currency Translation Adjustment Gain (Loss), net, of ($393) and ($516)for the three and six months ended June 30, 2013, respectively, and ($1,330) and ($32)for the three and six months ended June 30, 2012, respectively.

Pursuant to the strategic alliance with Trilantic, Evercore LP issued 500 LP Units with a minimum redemption value of $16,500 on December 31, 2014 in exchange for the issuance of certain limited partnership interests in Trilantic. This transaction resulted in Redeemable Noncontrolling Interest on the Unaudited Condensed Consolidated Statements of Financial Condition of $16,090, representing the fair value of the LP Units exchanged at the date of issuance. This value is being accreted to the minimum redemption value of $16,500 over the five-year period ended December 31, 2014. Accretion was $21 and $42 for the three and six months ended June 30, 2013 and 2012, respectively.

In conjunction with the Company’s purchase agreement with Atalanta Sosnoff, the Company issued a management member of Atalanta Sosnoff certain capital interests in Atalanta Sosnoff, which are redeemable for cash, at their fair value. Accordingly, these capital interests have been reflected at their fair value of $3,997 within Redeemable Noncontrolling Interest on the Unaudited Condensed Consolidated Statements of Financial Condition at June 30, 2013 and December 31, 2012.

EWM has issued capital interests to certain employees which may be redeemable for cash at fair value at certain points in the future. Accordingly, these interests have been reflected at their fair value of $28,478 and $29,399 within Redeemable Noncontrolling Interest on the Unaudited Condensed Consolidated Statements of Financial Condition at June 30, 2013 and December 31, 2012, respectively.

During the three months ended June 30, 2013, the Company also had an issuance of noncontrolling interest related to EMP III. See Note 8 for further information.

During the three months ended June 30, 2013, the Company entered into a commitment to purchase, at fair value, all of the noncontrolling interest in ETC for $7,890. This purchase was settled on July 19, 2013.

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Note 13 – Net Income Per Share Attributable to Evercore Partners Inc. Common Shareholders

The calculations of basic and diluted net income per share attributable to Evercore Partners Inc. common shareholders for the three and six months endedJune 30, 2013 and 2012 are described and presented below.

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2013			2012			2013			2012
Basic Net Income Per Share Attributable to Evercore Partners Inc. Common Shareholders
Numerator:
Net income attributable to Evercore Partners Inc.	$	16,426		$	7,934		$	22,395		$	4,566
Associated accretion of redemption price of noncontrolling interest in Trilantic (See Note 12)	(21		)	(21		)	(42		)	(42		)
Net income attributable to Evercore Partners Inc. common shareholders	16,405			7,913			22,353			4,524
Denominator:
Weighted average shares of Class A common stock outstanding, including vested restricted stock units (“RSUs”)	31,811			29,213			31,836			29,169
Basic net income per share attributable to Evercore Partners Inc. common shareholders	$	0.52		$	0.27		$	0.70		$	0.16
Diluted Net Income Per Share Attributable to Evercore Partners Inc. Common Shareholders
Numerator:
Net income attributable to Evercore Partners Inc. common shareholders	$	16,405		$	7,913		$	22,353		$	4,524
Noncontrolling interest related to the assumed exchange of LP Units for Class A common shares	(a)			(a)			(a)			(a)
Associated corporate taxes related to the assumed elimination of Noncontrolling Interest described above	(a)			(a)			(a)			(a)
Diluted net income attributable to Class A common shareholders	$	16,405		$	7,913		$	22,353		$	4,524
Denominator:
Weighted average shares of Class A common stock outstanding, including vested RSUs	31,811			29,213			31,836			29,169
Assumed exchange of LP Units for Class A common shares	(a)			(a)			(a)			(a)
Additional shares of the Company’s common stock assumed to be issued pursuant to non-vested RSUs and deferred consideration, as calculated using the Treasury Stock Method	3,332			1,818			3,551			2,012
Assumed conversion of Warrants issued	2,358			633			2,351			925
Diluted weighted average shares of Class A common stock outstanding	37,501			31,664			37,738			32,106
Diluted net income per share attributable to Evercore Partners Inc. common shareholders	$	0.44		$	0.25		$	0.59		$	0.14

(a) During the three and six months ended June 30, 2013 and 2012, the LP Units (which represent the right to receive Class A Shares upon exchange) were antidilutive and consequently the effect of their exchange into Class A Shares has been excluded from the calculation of diluted net income per share attributable to Evercore Partners Inc. common shareholders. The units that would have been included in the computation of diluted net income per share attributable to Evercore Partners Inc. common shareholders if the effect would have been dilutive were 6,680 and 6,734for the three and six months ended June 30, 2013, respectively, and 9,000 and 9,068for the three and six months ended June 30, 2012, respectively.

The shares of Class B common stock have no right to receive dividends or a distribution on liquidation or winding up of the Company. The shares of Class B common stock do not share in the earnings of the Company and no earnings are allocable to such class. Accordingly, basic and diluted net income per share of Class B common stock have not been presented.

Note 14 – Share-Based and Other Deferred Compensation

During the six months endedJune 30, 2013, the Company granted employees 2,193 Service-based Awards. These awards had grant date fair values ranging from $26.60 to $43.26 per share. During the six months endedJune 30, 2013, 1,870 Service-based Awards vested and 44 Service-based Awards were forfeited.

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During the first quarter of 2011, the Company launched a deferred compensation program providing participants the ability to elect to receive a portion of their deferred compensation in deferred cash, which is indexed to a notional investment portfolio and vests ratably over four years and requires payment upon vesting. Compensation expense related to this deferred compensation program was $838 and $1,829for the three and six months ended June 30, 2013, respectively, and $1,281 and $2,265for the three and six months ended June 30, 2012, respectively.

Compensation expense related to Service-based Awards, excluding compensation costs related to the amortization of the LP Units, was $20,634 and $41,227for the three and six months ended June 30, 2013, respectively, and $16,038 and $30,699for the three and six months ended June 30, 2012, respectively. Compensation expense related to amortization of the LP Units was $4,813 and $10,423for the three and six months ended June 30, 2013, respectively, and $5,069 and $9,828for the three and six months ended June 30, 2012, respectively. Compensation expense related to acquisition-related awards and deferred cash consideration was $3,618 and $1,214, respectively, for the three months ended June 30, 2013, and $7,226 and $2,263, respectively, for the six months endedJune 30, 2013. Compensation expense related to acquisition-related awards and deferred cash consideration was $4,379 and $1,751, respectively, for the three months ended June 30, 2012, and $10,632 and $4,621, respectively, for the six months endedJune 30, 2012.

During the second quarter of 2013, the Company's stockholders approved the amended and restated 2006 Evercore Partners Inc. Stock Incentive Plan. The amended and restated plan, among other things, authorizes an additional 5,000 shares of the Company's Class A Shares.

On July 23, 2013, the Company's board approved the Long-term Incentive Plan, which provides for incentive compensation awards to Advisory Senior Managing Directors, excluding executive officers of the Company, who exceed defined benchmark results over a four-year performance period beginning January 1, 2013. These awards will be paid, in cash or Class A shares, at the Company's discretion, in the two years following the performance period, to Senior Managing Directors employed by the Company at the time of payment (subject to retirement eligibility requirements).

Note 15 – Commitments and Contingencies

For a complete discussion of the Company’s commitments, refer to the Company’s Annual Report on Form 10-K for the year ended December 31, 2012.

Operating Leases – The Company leases office space under non-cancelable lease agreements, which expire on various dates through 2023. The Company reflects lease expense over the lease terms on a straight-line basis. Occupancy lease agreements, in addition to base rentals, generally are subject to escalation provisions based on certain costs incurred by the landlord. Occupancy and Equipment Rental on the Unaudited Condensed Consolidated Statements of Operations includes occupancy rental expense relating to operating leases of $5,981 and $11,891for the three and six months ended June 30, 2013, respectively, and $5,862 and $11,347for the three and six months ended June 30, 2012, respectively.

Other Commitments – As of June 30, 2013, the Company has unfunded commitments for capital contributions of $10,830 to the private equity funds, which includes an additional $5,000 capital commitment to Trilantic that the Company agreed to in April 2013. These commitments will be funded as required through the end of each private equity fund’s investment period, subject to certain conditions. Such commitments are satisfied in cash and are generally required to be made as investment opportunities are consummated by the private equity funds.

On June 27, 2013, Evercore Partners Services East L.L.C. ("East"), a wholly-owned subsidiary of the Company, obtained a line of credit from First Republic Bank in an aggregate principal amount of up to $25,000, to be used for working capital and other corporate activities.  This facility is secured by (i) cash and cash equivalents of East held in a designated account with First Republic Bank, (ii) certain of East's intercompany receivables and (iii) third party accounts receivable of Evercore Group L.L.C. Drawings under the facility bear interest at the prime rate as published in The Wall Street Journal. The facility matures on June 27, 2014, and may be renewed or extended. There have been no monies drawn on this facility as of June 30, 2013.

The Company also has commitments related to its redeemable noncontrolling interests. See Note 12 for further information.

Contingencies

In the normal course of business, from time to time the Company and its affiliates are involved in judicial or regulatory proceedings, arbitration or mediation concerning matters arising in connection with the conduct of its businesses, including contractual and employment matters. In addition, Mexican, United Kingdom, Hong Kong, Canadian and United States government agencies and self-regulatory organizations, as well as state securities commissions in the United States, conduct periodic examinations and initiate administrative proceedings regarding the Company’s business, including, among other

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matters, accounting and operational matters, that can result in censure, fine, the issuance of cease-and-desist orders or the suspension or expulsion of a broker-dealer, investment advisor, or its directors, officers or employees. In view of the inherent difficulty of predicting the outcome of such matters, particularly in cases where claimants seek substantial or indeterminate damages or where investigations and proceedings are in the early stages, the Company cannot predict the loss or range of loss, if any, related to such matters, how or if such matters will be resolved, when they will ultimately be resolved, or what the eventual settlement, fine, penalty or other relief, if any, might be. Subject to the foregoing, the Company believes, based on current knowledge and after consultation with counsel, that it is not currently party to any material pending proceedings, individually or in the aggregate, the resolution of which would have a material effect on the Company. Legal reserves are established in accordance with ASC 450, “Contingencies” when warranted. Once established, reserves are adjusted when there is more information available or when an event occurs requiring a change.

Note 16 – Regulatory Authorities

EGL is a U.S. registered broker-dealer and is subject to the net capital requirements of Rule 15c3-1 under the Securities Exchange Act of 1934 as amended (the “Exchange Act”). In the second quarter of 2013, the Company made the election to compute its minimum net capital requirement in accordance with the Alternative Net Capital Requirement, as permitted by Rule 15c3-1. Under the Alternative Net Capital Requirement, EGL's minimum net capital requirement is $250. EGL’s regulatory net capital as of June 30, 2013 and December 31, 2012 was $26,251 and $31,281, respectively, which exceeded the minimum net capital requirement by $26,001 and $27,871, respectively. Certain other non-U.S. subsidiaries are subject to various securities and banking regulations and capital adequacy requirements promulgated by the regulatory and exchange authorities of the countries in which they operate. These subsidiaries are in excess of their local capital adequacy requirements at June 30, 2013.

ETC, which is limited to fiduciary activities, is regulated by the OCC and is a member bank of the Federal Reserve System. The Company, Evercore LP and ETC are subject to written agreements with the OCC that, among other things, require the Company and Evercore LP to (1) maintain at least $5,000 in Tier 1 capital in ETC (or such other amount as the OCC may require), (2) maintain liquid assets in ETC in an amount at least equal to the greater of $3,500 or 90 days coverage of ETC’s operating expenses and (3) provide at least $10,000 of certain collateral held in a segregated account at a third-party depository institution. The collateral is included in Assets Segregated for Bank Regulatory Requirements on the Unaudited Condensed Consolidated Statements of Financial Condition. The Company was in compliance with the aforementioned agreements as of June 30, 2013.

Note 17 – Income Taxes

The Company’s Provision for Income Taxes was $17,066 and $24,388for the three and six months ended June 30, 2013, respectively, and $9,773 and $5,135for the three and six months ended June 30, 2012, respectively. The effective tax rate was 44% and 45%for the three and six months ended June 30, 2013, respectively, and 45% and 42%for the three and six months ended June 30, 2012, respectively. The effective tax rate for 2013 and 2012 reflects the effect of certain nondeductible expenses, including the vesting of LP Units, as well as the noncontrolling interest associated with LP Units and other adjustments.

The Company reported an increase in deferred tax assets of $77 associated with changes in Unrealized Gain (Loss) on Marketable Securities and an increase of $1,152 associated with changes in Foreign Currency Translation Adjustment Gain (Loss), in Accumulated Other Comprehensive Income (Loss) for the six months endedJune 30, 2013.

As of June 30, 2013, the Company had unrecognized tax benefits of $526, $474 of which, if recognized, would affect the effective tax rate. The Company does not anticipate a significant change in unrecognized tax positions as a result of the settlement of income tax audits for examining the Company’s income tax returns during the upcoming year.

The Company classifies interest relating to tax matters and tax penalties as a component of income tax expense in its Unaudited Condensed Consolidated Statements of Operations. Related to the unrecognized tax benefits, the Company recognized approximately $17 and $115 of interest and penalties during the three and six months endedJune 30, 2013, respectively. The Company has approximately $132 accrued for the payment of interest and penalties as of June 30, 2013.

The Company consolidated Pan on March 15, 2013. Pan contributed an additional $1,360 in deferred tax assets to the Unaudited Condensed Consolidated Statement of Financial Condition as of June 30, 2013, with a 100% valuation allowance against these deferred tax assets. See Note 8 for further information.

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Note 18 – Segment Operating Results

Business Segments – The Company’s business results are categorized into the following two segments: Investment Banking and Investment Management. Investment Banking includes providing advice to clients on significant mergers, acquisitions, divestitures and other strategic corporate transactions as well as services related to securities underwriting, private fund placement services and commissions for agency-based equity trading services and equity research. Investment Management includes advising third-party investors in the Institutional Asset Management, Wealth Management and Private Equity sectors. On December 28, 2012, the Company, through EWM, acquired Mt. Eden Investment Advisors, LLC (“Mt. Eden”), which is included in the Investment Management segment. On March 15, 2013, the Company consolidated its investment in Pan, which is included in the Investment Management segment.

The Company’s segment information for the three and six months endedJune 30, 2013 and 2012 is prepared using the following methodology:

• Revenue, expenses and income (loss) from equity method investments directly associated with each segment are included in determining pre-tax income.

• Expenses not directly associated with specific segments are allocated based on the most relevant measures applicable, including headcount, square footage and other performance and time-based factors.

• Segment assets are based on those directly associated with each segment, or for certain assets shared across segments; those assets are allocated based on the most relevant measures applicable, including headcount and other factors.

• Investment gains and losses, interest income and interest expense are allocated between the segments based on the segment in which the underlying asset or liability is held.

Each segment’s Operating Expenses include: a) employee compensation and benefits expenses that are incurred directly in support of the segment and b) non-compensation expenses, which include expenses for premises and occupancy, professional fees, travel and entertainment, communications and information services, equipment and indirect support costs (including compensation and other operating expenses related thereto) for administrative services. Such administrative services include, but are not limited to, accounting, tax, legal, facilities management and senior management activities. Other Expenses include: a) amortization costs associated with the modification and vesting of LP Units and certain other awards, b) the amortization of intangible assets associated with certain acquisitions, c) special charges incurred in connection with exiting facilities in the UK and d) compensation charges associated with deferred consideration, retention awards and related compensation for Lexicon employees.

The Company evaluates segment results based on net revenue and pre-tax income, both including and excluding the impact of the Other Expenses.

No clients accounted for more than 10% of the Company’s consolidated Net Revenues for the three and six months ended June 30, 2013.

The following information provides a reasonable representation of each segment’s contribution.

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	For the Three Months Ended June 30,					For the Six Months Ended June 30,
	2013		2012			2013		2012
Investment Banking
Net Revenues (1)	$	182,605	$	153,164		$	314,201	$	236,949
Operating Expenses	138,389		118,683			243,455		197,659
Other Expenses (2)	9,456		11,898			19,311		28,005
Operating Income	34,760		22,583			51,435		11,285
Income (Loss) from Equity Method Investments	290		(33		)	460		1,595
Pre-Tax Income	$	35,050	$	22,550		$	51,895	$	12,880
Identifiable Segment Assets	$	562,690	$	486,481		$	562,690	$	486,481
Investment Management
Net Revenues (1)	$	24,841	$	19,333		$	44,667	$	38,346
Operating Expenses	20,943		20,065			41,750		39,315
Other Expenses (2)	596		656			1,346		1,264
Operating Income (Loss)	3,302		(1,388		)	1,571		(2,233		)
Income from Equity Method Investments	725		752			1,311		1,509
Pre-Tax Income (Loss)	$	4,027	$	(636	)	$	2,882	$	(724	)
Identifiable Segment Assets	$	470,273	$	487,377		$	470,273	$	487,377
Total
Net Revenues (1)	$	207,446	$	172,497		$	358,868	$	275,295
Operating Expenses	159,332		138,748			285,205		236,974
Other Expenses (2)	10,052		12,554			20,657		29,269
Operating Income	38,062		21,195			53,006		9,052
Income from Equity Method Investments	1,015		719			1,771		3,104
Pre-Tax Income	$	39,077	$	21,914		$	54,777	$	12,156
Identifiable Segment Assets	$	1,032,963	$	973,858		$	1,032,963	$	973,858

(1) Net revenues include Other Revenue, net, allocated to the segments as follows:

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2013			2012			2013			2012
Investment Banking (A)	$	(849	)	$	(1,262	)	$	(636	)	$	(1,972	)
Investment Management (B)	(897		)	(703		)	(2,610		)	(1,454		)
Total Other Revenue, net	$	(1,746	)	$	(1,965	)	$	(3,246	)	$	(3,426	)

(A) Investment Banking Other Revenue, net, includes interest expense on the Senior Notes of $1,095 and $2,183for the three and six months ended June 30, 2013, respectively, and $1,075 and $2,145for the three and six months ended June 30, 2012, respectively.

(B) Investment Management Other Revenue, net, includes interest expense on the Senior Notes of $924 and $1,843for the three and six months ended June 30, 2013, respectively, and $909 and $1,813for the three and six months ended June 30, 2012, respectively.

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(2) Other Expenses are as follows:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2013		2012		2013		2012
Investment Banking
Amortization of LP Units and Certain Other Awards	$	4,300	$	4,495	$	9,209	$	8,711
Acquisition Related Compensation Charges	5,156		6,352		10,102		15,997
Special Charges	—		662		—		662
Intangible Asset Amortization	—		389		—		2,635
Total Investment Banking	9,456		11,898		19,311		28,005
Investment Management
Amortization of LP Units and Certain Other Awards	514		574		1,182		1,100
Intangible Asset Amortization	82		82		164		164
Total Investment Management	596		656		1,346		1,264
Total Other Expenses	$	10,052	$	12,554	$	20,657	$	29,269

Geographic Information – The Company manages its business based on the profitability of the enterprise as a whole.

The Company’s revenues were derived from clients and private equity funds located and managed in the following geographical areas:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2013		2012		2013		2012
Net Revenues: (1)
United States	$	157,595	$	131,406	$	248,451	$	201,067
Europe and Other	36,146		35,309		75,617		59,631
Latin America	15,451		7,747		38,046		18,023
Total	$	209,192	$	174,462	$	362,114	$	278,721

(1) Excludes Other Revenue and Interest Expense.

The substantial majority of the Company’s long-lived assets are located in the United States and the United Kingdom.

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

The following discussion should be read in conjunction with Evercore Partners Inc.’s unaudited condensed consolidated financial statements and the related notes included elsewhere in this Form 10-Q.

Forward-Looking Statements

This report contains or incorporates by reference forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act, which reflect our current views with respect to, among other things, our operations and financial performance. In some cases, you can identify these forward-looking statements by the use of words such as “outlook”, “believes”, “expects”, “potential”, “continues”, “may”, “should”, “seeks”, “approximately”, “predicts”, “intends”, “plans”, “estimates”, “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties.

Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these forward-looking statements. All statements other than statements of historical fact are forward-looking statements and are based on various underlying assumptions and expectations and are subject to known and unknown risks, uncertainties and assumptions, and may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. We believe these factors include, but are not limited to, those described under “Risk Factors” discussed in the Annual Report on Form 10-K for the year ended December 31, 2012 and subsequent quarterly reports on Form 10-Q. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included or incorporated by reference in this report. We undertake no obligation to publicly update or review any forward-looking statement. We operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible for our management to predict all risks and uncertainties, nor can management assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

Key Financial Measures

Revenue

Total revenues reflect revenues from our Investment Banking and Investment Management business segments that include fees for services, transaction-related client reimbursements plus other revenue. Net revenues reflect total revenues less interest expense related to repurchase agreements and the Senior Notes.

Investment Banking. Our Investment Banking business earns fees from our clients for providing advice on mergers, acquisitions, divestitures, leveraged buyouts, restructurings and similar corporate finance matters, and from underwriting and private placement activities, as well as commissions from our sales and trading activities. The amount and timing of the fees paid vary by the type of engagement. In general, advisory fees are paid at the time we sign an engagement letter, during the course of the engagement or when an engagement is completed. The majority of our investment banking revenue consists of advisory fees that are dependent on the successful completion of a transaction. A transaction can fail to be completed for many reasons, including failure of parties to agree upon final terms with the counterparty, to secure necessary board or shareholder approvals, to secure necessary financing or to achieve necessary regulatory approvals. In the case of bankruptcy engagements, fees are subject to approval of the court. Underwriting revenues are recognized when the offering has been deemed to be completed, placement fees are generally recognized at the time of the client’s acceptance of capital or capital commitments and commissions are recorded on a trade-date basis or, in the case of payments under commission sharing arrangements, on the date earned.

Revenue trends in our advisory business generally are correlated to the volume of merger and acquisition (“M&A”) activity and/or restructuring activity, which tends to be counter-cyclical to M&A. However, deviations from this trend can occur in any given year or quarter for a number of reasons. For example, changes in our market share or the ability of our clients to close certain large transactions can cause our revenue results to diverge from the level of overall M&A or restructuring activity.

Investment Management. Our Investment Management business includes operations related to the management of the Institutional Asset Management, Wealth Management and Private Equity businesses. Revenue sources primarily include management fees, which include fees earned from portfolio companies, fiduciary and consulting fees, performance fees (including carried interest) and gains (or losses) on our investments.

Management fees for third party clients generally represent a percentage of assets under management (“AUM”). Fiduciary and consulting fees, which are generally a function of the size and complexity of each engagement, are individually

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negotiated. Management fees from private equity operations are generally a percentage of committed capital or invested capital at rates agreed with the investment funds we manage or with the individual client. Performance fees from private equity funds are earned when specified benchmarks are exceeded. In certain circumstances, such fees are subject to “claw-back” provisions. Portfolio company fees include monitoring, director and transaction fees associated with services provided to the portfolio companies of the private equity funds we manage. Gains and losses include both realized and unrealized gains and losses on principal investments, including those arising from our equity interest in investment partnerships.

Transaction-Related Client Reimbursements. In both our Investment Banking and Investment Management segments, we make various transaction-related expenditures, such as travel and professional fees, on behalf of our clients. Pursuant to the engagement letters with our advisory clients or the contracts with the limited partners in the private equity funds we manage, these expenditures may be reimbursable. We define these expenses as transaction-related expenses and record such expenditures as incurred and record revenue when it is determined that clients have an obligation to reimburse us for such transaction-related expenses. Client expense reimbursements are recorded as revenue on the Unaudited Condensed Consolidated Statements of Operations on the later of the date an engagement letter is executed or the date we pay or accrue the expense.

Other Revenue and Interest Expense. Other Revenue and Interest Expense is derived primarily from investing customer funds in financing transactions. These transactions are principally repurchases and resales of Mexican government and government agency securities. Revenue and expenses associated with these transactions are recognized over the term of the repurchase or resale transaction. Other Revenue includes income earned on marketable securities, cash and cash equivalents and assets segregated for regulatory purposes. Interest Expense includes interest expense associated with the Senior Notes.

Operating Expenses

Employee Compensation and Benefits Expense. We include all payments for services rendered by our employees, as well as profits interests in our businesses that have been accounted for as compensation, in employee compensation and benefits expense.

We maintain compensation programs, including base salary, cash, deferred cash and equity bonus awards and benefits programs and manage compensation to estimates of competitive levels based on market conditions and performance. Our level of compensation reflects our plan to maintain competitive compensation levels to retain key personnel, and it reflects the impact of newly-hired senior professionals, including related grants of equity awards which are generally valued at their grant date.

Increasing the number of high-caliber, experienced senior level employees is critical to our growth efforts. In our advisory businesses, these hires generally do not begin to generate significant revenue in the year they are hired.

Our annual compensation program includes share-based compensation awards and deferred cash awards as a component of the annual bonus awards for certain employees. These awards are generally subject to annual vesting requirements over a four-year period beginning at the date of grant, which occurs in the first quarter of each year; accordingly, the expense is generally amortized over the stated vesting period. With respect to the annual awards granted in February 2012 and thereafter, the Company adopted new retirement eligibility criteria, which stipulates that if an employee has at least five years of continuous service, is at least 55 years of age and has a combined age and years of service of at least 65 years, the employee is eligible for retirement (prior year’s awards required combined years of service and age of at least 70 years). Retirement eligibility allows for continued vesting of awards after employees depart from the Company, provided they give the minimum advance notice, which is generally one year. As a consequence of these changes, a greater number of employees will become retirement eligible and the related requisite service period over which we will expense these awards will be shorter than the stated vesting period.

Non-Compensation Expenses. The balance of our operating expenses includes costs for occupancy and equipment rental, professional fees, travel and related expenses, communications and information technology services, depreciation and amortization, acquisition and transition costs and other operating expenses. We refer to all of these expenses as non-compensation expenses.

Other Expenses

Other Expenses include: a) amortization costs associated with the modification and vesting of LP Units and certain other awards, b) the amortization of intangible assets associated with certain acquisitions, c) special charges incurred in connection with exiting facilities in the UK and d) compensation charges associated with deferred consideration, retention awards and related compensation for Lexicon employees.

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Income from Equity Method Investments

Our share of the income (loss) from our equity interests in G5, ABS and Pan (consolidated on March 15, 2013) are included within Income from Equity Method Investments, as a component of Income (Loss) Before Income Taxes, on the Unaudited Condensed Consolidated Statements of Operations.

Provision for Income Taxes

We account for income taxes in accordance with ASC 740, “Income Taxes” (“ASC 740”), which requires the recognition of tax benefits or expenses on temporary differences between the financial reporting and tax basis of our assets and liabilities.

Noncontrolling Interest

We record noncontrolling interest relating to the ownership interests of our current and former Senior Managing Directors, their estate planning vehicles and Trilantic in Evercore LP, as well as the portions of our operating subsidiaries not owned by Evercore. As described in Note 12 to our unaudited condensed consolidated financial statements herein, Evercore Partners Inc. is the sole general partner of Evercore LP and has a majority economic interest in Evercore LP. As a result, Evercore Partners Inc. consolidates Evercore LP and records a noncontrolling interest for the economic interest in Evercore LP held by the limited partners.

We generally allocate net income or loss to noncontrolling interests held at Evercore LP and at the operating entity level, where required, by multiplying the vested equity ownership percentage of the noncontrolling interest holders for the period by the net income or loss of the entity to which the noncontrolling interest relates. In circumstances where the governing documents of the entity to which the noncontrolling interest relates require special allocations of profits or losses to the controlling and noncontrolling interest holders, then the net income or loss of these entities will be allocated based on these special allocations.

Results of Operations

The following is a discussion of our results from operations for the three and six months ended June 30, 2013 and 2012. For a more detailed discussion of the factors that affected the revenue and operating expenses of our Investment Banking and Investment Management business segments in these periods, see the discussion in “Business Segments” below.

We operate in a very competitive and rapidly changing environment. New risks and uncertainties emerge from time to time, and it is not possible for us to predict all risks and uncertainties, nor can we assess the impact of all potentially applicable factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.

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	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2013		2012		Change		2013		2012		Change
	(dollars in thousands, except per share data)
Revenues
Investment Banking Revenue	$	183,454	$	154,426	19	%	$	314,837	$	238,921	32	%
Investment Management Revenue	25,738		20,036		28	%	47,277		39,800		19	%
Other Revenue	1,428		1,593		(10	%)	3,221		3,889		(17	%)
Total Revenues	210,620		176,055		20	%	365,335		282,610		29	%
Interest Expense	3,174		3,558		(11	%)	6,467		7,315		(12	%)
Net Revenues	207,446		172,497		20	%	358,868		275,295		30	%
Expenses
Operating Expenses	159,332		138,748		15	%	285,205		236,974		20	%
Other Expenses	10,052		12,554		(20	%)	20,657		29,269		(29	%)
Total Expenses	169,384		151,302		12	%	305,862		266,243		15	%
Income Before Income from Equity Method Investments and Income Taxes	38,062		21,195		80	%	53,006		9,052		486	%
Income from Equity Method Investments	1,015		719		41	%	1,771		3,104		(43	%)
Income Before Income Taxes	39,077		21,914		78	%	54,777		12,156		351	%
Provision for Income Taxes	17,066		9,773		75	%	24,388		5,135		375	%
Net Income	22,011		12,141		81	%	30,389		7,021		333	%
Net Income Attributable to Noncontrolling Interest	5,585		4,207		33	%	7,994		2,455		226	%
Net Income Attributable to Evercore Partners Inc.	$	16,426	$	7,934	107	%	$	22,395	$	4,566	390	%
Diluted Net Income Per Share Attributable to Evercore Partners Inc. Common Shareholders	$	0.44	$	0.25	76	%	$	0.59	$	0.14	321	%

As of June 30, 2013 and 2012 we employed approximately 970 and 850 people, respectively, worldwide.

Three Months Ended June 30, 2013 versus June 30, 2012

Net Revenues were $207.4 million for the three months ended June 30, 2013, an increase of $34.9 million, or 20%, versus Net Revenues of $172.5 million for the three months ended June 30, 2012. Investment Banking Revenue increased 19% and Investment Management Revenue increased 28% compared to the three months ended June 30, 2012. See the segment discussion below for further information. Other Revenue for the three months ended June 30, 2013 was lower than for the three months ended June 30, 2012 primarily as a result of lower gains on our Marketable Securities portfolios. Net Revenues include interest expense on our Senior Notes.

Total Operating Expenses were $159.3 million for the three months ended June 30, 2013 as compared to $138.7 million for the three months ended June 30, 2012, a 15% increase. Employee Compensation and Benefits Expense, as a component of Operating Expenses, was $121.8 million for the three months ended June 30, 2013, an increase of $19.0 million, or 19%, versus expense of $102.8 million for the three months ended June 30, 2012. The increase was primarily due to higher discretionary incentive compensation, consistent with the overall increase in revenues, the expansion of our existing businesses and increased share-based compensation costs. Non-compensation expenses as a component of Operating Expenses were $37.5 million for the three months ended June 30, 2013, an increase of $1.5 million, or 4%, over non-compensation operating expenses of $36.0 million for the three months ended June 30, 2012. Non-compensation operating expenses increased compared to the three months ended June 30, 2012 primarily as a result of the expansion of our existing businesses.

Total Other Expenses of $10.1 million for the three months ended June 30, 2013 related to compensation costs associated with the vesting of LP Units and certain other awards of $4.8 million, acquisition related compensation costs of $5.2 million and amortization of intangibles of $0.1 million. Total Other Expenses of $12.6 million for the three months ended June 30, 2012 related to compensation costs associated with the vesting of LP Units and certain other awards of $5.1 million, acquisition related compensation costs of $6.4 million, special charges of $0.7 million and amortization of intangibles of $0.5 million.

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As a result of the factors noted above, Employee Compensation and Benefits Expense as a percentage of Net Revenues was 64% for the three months ended June 30, 2013, compared to 66% for the three months ended June 30, 2012.

Income from Equity Method Investments was $1.0 million for the three months ended June 30, 2013, as compared to $0.7 million for the three months ended June 30, 2012. The increase was primarily a result of an increase in earnings from G5, partially offset by a decrease in earnings from ABS.

The provision for income taxes for the three months ended June 30, 2013 was $17.1 million, which reflected an effective tax rate of 44%. The provision was impacted by the vesting of LP Units, which are not deductible for income tax purposes, as well as the noncontrolling interest associated with LP Units and other adjustments. The provision for income taxes for the three months ended June 30, 2012 was $9.8 million, which reflected an effective tax rate of 45%. The provision was impacted by the vesting of LP Units, which are not deductible for income tax purposes, as well as the noncontrolling interest associated with LP Units.

Noncontrolling Interest was $5.6 million for the three months ended June 30, 2013 compared to $4.2 million for the three months ended June 30, 2012.

Six Months EndedJune 30, 2013 versus June 30, 2012

Net Revenues were $358.9 million for the six months endedJune 30, 2013, an increase of $83.6 million, or 30%, versus Net Revenues of $275.3 million for the six months endedJune 30, 2012. Investment Banking Revenue increased 32% and Investment Management Revenue increased 19% compared to the six months endedJune 30, 2012. See the segment discussion below for further information. Other Revenue for the six months endedJune 30, 2013 was lower than for the six months endedJune 30, 2012 primarily as a result of losses related to the consolidation of Pan, which were partially offset by relatively higher gains on our Marketable Securities portfolios. Net Revenues include interest expense on our Senior Notes.

Total Operating Expenses were $285.2 million for the six months endedJune 30, 2013 as compared to $237.0 million for the six months endedJune 30, 2012, a 20% increase. Employee Compensation and Benefits Expense, as a component of Operating Expenses, was $213.4 million for the six months endedJune 30, 2013, an increase of $44.2 million, or 26%, versus expense of $169.2 million for the six months endedJune 30, 2012. The increase was primarily due to higher discretionary incentive compensation, consistent with the overall increase in revenues, the expansion of our existing businesses and increased share-based compensation costs. Non-compensation expenses as a component of Operating Expenses were $71.8 million for the six months endedJune 30, 2013, an increase of $4.1 million, or 6%, over non-compensation operating expenses of $67.7 million for the six months endedJune 30, 2012. Non-compensation operating expenses increased compared to the six months endedJune 30, 2012 primarily as a result of the expansion of our existing businesses.

Total Other Expenses of $20.7 million for the six months endedJune 30, 2013 related to compensation costs associated with the vesting of LP Units and certain other awards of $10.4 million, acquisition related compensation costs of $10.1 million and amortization of intangibles of $0.2 million. Total Other Expenses of $29.3 million for the six months endedJune 30, 2012 related to compensation costs associated with the vesting of LP Units and certain other awards of $9.8 million, acquisition related compensation costs of $16.0 million, special charges of $0.7 million and amortization of intangibles of $2.8 million.

As a result of the factors noted above, Employee Compensation and Benefits Expense as a percentage of Net Revenues was 65% for the six months endedJune 30, 2013, compared to 71% for the six months endedJune 30, 2012.

Income from Equity Method Investments was $1.8 million for the six months endedJune 30, 2013, as compared to $3.1 million for the six months endedJune 30, 2012. The decrease was primarily a result of a decrease in earnings from G5.

The provision for income taxes for the six months endedJune 30, 2013 was $24.4 million, which reflected an effective tax rate of 45%.  The provision was impacted by the vesting of LP Units, which are not deductible for income tax purposes, as well as the noncontrolling interest associated with LP Units and other adjustments. The provision for income taxes for the six months endedJune 30, 2012 was $5.1 million, which reflected an effective tax rate of 42%.  The provision was impacted by the vesting of LP Units, which are not deductible for income tax purposes, as well as the noncontrolling interest associated with LP Units.

Noncontrolling Interest was $8.0 million for the six months endedJune 30, 2013 compared to $2.5 million for the six months endedJune 30, 2012.

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Impairment of Assets

During the second quarter of 2013, there were no material changes in the facts and assumptions related to the November 30, 2012 impairment assessment that would have caused the Company to reach a different conclusion. As such, the Company considered the criteria required by ASC 350, “Goodwill and Other Intangible Assets”, and ASC 360, “Accounting for the Impairment or Disposal of Long-Lived Assets”, and concluded that there were no triggering events during the second quarter of 2013 that would have required a Step 1 impairment assessment.

Business Segments

The following data presents revenue, expenses and contributions by business segment.

Investment Banking

The following table summarizes the operating results of the Investment Banking segment.

	For the Three Months Ended June 30,								For the Six Months Ended June 30,
	2013			2012			Change		2013			2012			Change
	(dollars in thousands)
Revenues
Investment Banking Revenue (1)	$	183,454		$	154,426		19	%	$	314,837		$	238,921		32	%
Other Revenue, net (2)	(849		)	(1,262		)	33	%	(636		)	(1,972		)	68	%
Net Revenues	182,605			153,164			19	%	314,201			236,949			33	%
Expenses
Operating Expenses	138,389			118,683			17	%	243,455			197,659			23	%
Other Expenses	9,456			11,898			(21	%)	19,311			28,005			(31	%)
Total Expenses	147,845			130,581			13	%	262,766			225,664			16	%
Operating Income (3)	34,760			22,583			54	%	51,435			11,285			356	%
Income (Loss) from Equity Method Investments	290			(33		)	NM		460			1,595			(71	%)
Pre-Tax Income	$	35,050		$	22,550		55	%	$	51,895		$	12,880		303	%

(1) Includes client related expenses of $3.7 million and $6.2 million for the three and six months ended June 30, 2013, respectively, and $3.0 million and $4.5 million for the three and six months ended June 30, 2012, respectively.

(2) Includes interest expense on the Senior Notes of $1.1 million and $2.2 millionfor the three and six months ended June 30, 2013, respectively, and $1.1 million and $2.1 millionfor the three and six months ended June 30, 2012, respectively.

(3) Includes Noncontrolling Interest of $0.2 million and $0.6 million for the three and six months ended June 30, 2013, respectively, and $0.02 million and ($0.3) million for the three and six months ended June 30, 2012, respectively.

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For the three months ended June 30, 2013, the level of North American and Global announced and completed M&A activity was lower versus the three months ended June 30, 2012, as evidenced by the following industry statistics regarding the volume of transactions:

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2013		2012		Change		2013		2012		Change
Industry Statistics ($ in billions) *
Value of North American M&A Deals Announced	$	220	$	221	—	%	$	465	$	397	17	%
Value of North American M&A Deals Completed	$	221	$	287	(23	%)	$	475	$	477	—	%
Value of Global M&A Deals Announced	$	490	$	643	(24	%)	$	978	$	1,117	(12	%)
Value of Global M&A Deals Completed	$	474	$	568	(17	%)	$	989	$	973	2	%
Evercore Statistics **
Total Number of Fee Paying Advisory Clients	157		137		15	%	214		165		30	%
Investment Banking Fees of at Least $1 million from Advisory Clients	38		30		27	%	64		50		28	%

* Source: Thomson Reuters July 1, 2013

** Includes revenue generating clients only

Investment Banking Results of Operations

Three Months Ended June 30, 2013 versus June 30, 2012

Net Investment Banking Revenues were $182.6 million for the three months ended June 30, 2013 compared to $153.2 million for the three months ended June 30, 2012, which represented an increase of 19%. We earned advisory fees from 157 clients and fees in excess of $1.0 million from 38 transactions during the three months ended June 30, 2013, compared to advisory fees from 137 clients and fees in excess of $1.0 million from 30 transactions during the three months ended June 30, 2012. The increase in revenues from the three months ended June 30, 2012 reflects the expansion of our existing businesses, including the addition of Senior Managing Directors, and a higher number of fee paying clients and large fees. Investment Banking Revenues for the three months ended June 30, 2013 included $7.5 million and $7.2 million of commissions and underwriting revenues, respectively, compared to $5.1 million and $2.5 million, respectively, for the three months ended June 30, 2012.

Operating Expenses were $138.4 million for the three months ended June 30, 2013, as compared to $118.7 million for the three months ended June 30, 2012, an increase of $19.7 million, or 17%. Employee Compensation and Benefits Expense, as a component of Operating Expenses, was $108.0 million for the three months ended June 30, 2013, as compared to $89.8 million for the three months ended June 30, 2012, an increase of $18.2 million, or 20%. The increase was primarily due to higher discretionary incentive compensation, consistent with the overall increase in revenues, the expansion of our existing businesses and increased share-based compensation costs. Non-compensation expenses, as a component of Operating Expenses, were $30.4 million for the three months ended June 30, 2013, as compared to $28.9 million for the three months ended June 30, 2012, an increase of $1.5 million, or 5%. Non-compensation operating expenses increased from the prior year primarily driven by growth in the business. The increase in Investment Banking headcount has also led directly and indirectly to cost increases relating to travel, professional and regulatory fees.

Other Expenses of $9.5 million for the three months ended June 30, 2013 included compensation costs associated with the vesting of LP Units and certain other awards of $4.3 million and acquisition related compensation costs of $5.2 million. Other Expenses of $11.9 million for the three months ended June 30, 2012 included compensation costs associated with the vesting of LP Units and certain other awards of $4.5 million, acquisition related compensation costs of $6.4 million, special charges of $0.7 million and amortization of intangibles of $0.4 million.

Six Months EndedJune 30, 2013 versus June 30, 2012

Net Investment Banking Revenues were $314.2 million for the six months endedJune 30, 2013 compared to $236.9 million for the six months endedJune 30, 2012, which represented an increase of 33%. We earned advisory fees from 214 clients and fees in excess of $1.0 million from 64 transactions during the six months endedJune 30, 2013, compared to advisory fees from 165 clients and fees in excess of $1.0 million from 50 transactions during the six months endedJune 30,

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2012. The increase in revenues from the six months endedJune 30, 2012 reflects the expansion of our existing businesses, including the addition of Senior Managing Directors, and a higher number of fee paying clients and large fees. Investment Banking Revenues for the six months endedJune 30, 2013 included $14.6 million and $18.0 million of commissions and underwriting revenues, respectively, compared to $9.3 million and $5.8 million, respectively, for the six months endedJune 30, 2012.

Operating Expenses were $243.5 million for the six months endedJune 30, 2013, as compared to $197.7 million for the six months endedJune 30, 2012, an increase of $45.8 million, or 23%. Employee Compensation and Benefits Expense, as a component of Operating Expenses, was $186.0 million for the six months endedJune 30, 2013, as compared to $144.3 million for the six months endedJune 30, 2012, an increase of $41.7 million, or 29%. The increase was primarily due to higher discretionary incentive compensation, consistent with the overall increase in revenues, the expansion of our existing businesses and increased share-based compensation costs. Non-compensation expenses, as a component of Operating Expenses, were $57.4 million for the six months endedJune 30, 2013, as compared to $53.4 million for the six months endedJune 30, 2012, an increase of $4.0 million, or 8%. Non-compensation operating expenses increased from the prior year primarily driven by growth in the business. The increase in Investment Banking headcount has also led directly and indirectly to cost increases relating to travel, professional and regulatory fees.

Other Expenses of $19.3 million for the six months endedJune 30, 2013 included compensation costs associated with the vesting of LP Units and certain other awards of $9.2 million and acquisition related compensation costs of $10.1 million. Other Expenses of $28.0 million for the six months endedJune 30, 2012 included compensation costs associated with the vesting of LP Units and certain other awards of $8.7 million, acquisition related compensation costs of $16.0 million, special charges of $0.7 million and amortization of intangibles of $2.6 million.

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Investment Management

The following table summarizes the operating results of the Investment Management segment.

	For the Three Months Ended June 30,								For the Six Months Ended June 30,
	2013			2012			Change		2013			2012			Change
	(dollars in thousands)
Revenues
Investment Advisory and Management Fees:
Wealth Management	$	7,214		$	4,906		47	%	$	13,865		$	9,431		47	%
Institutional Asset Management	11,174			12,504			(11	%)	21,589			25,103			(14	%)
Private Equity	3,733			1,810			106	%	5,924			3,545			67	%
Total Investment Advisory and Management Fees	22,121			19,220			15	%	41,378			38,079			9	%
Realized and Unrealized Gains (Losses):
Institutional Asset Management	1,544			1,117			38	%	3,349			2,329			44	%
Private Equity	2,073			(301		)	NM		2,550			(608		)	NM
Total Realized and Unrealized Gains	3,617			816			343	%	5,899			1,721			243	%
Investment Management Revenue (1)	25,738			20,036			28	%	47,277			39,800			19	%
Other Revenue, net (2)	(897		)	(703		)	(28	%)	(2,610		)	(1,454		)	(80	%)
Net Investment Management Revenues	24,841			19,333			28	%	44,667			38,346			16	%
Expenses
Operating Expenses	20,943			20,065			4	%	41,750			39,315			6	%
Other Expenses	596			656			(9	%)	1,346			1,264			6	%
Total Expenses	21,539			20,721			4	%	43,096			40,579			6	%
Operating Income (Loss) (3)	3,302			(1,388		)	NM		1,571			(2,233		)	NM
Income from Equity Method Investments (4)	725			752			(4	%)	1,311			1,509			(13	%)
Pre-Tax Income (Loss)	$	4,027		$	(636	)	NM		$	2,882		$	(724	)	NM

(1) Includes transaction-related client reimbursements of $0.01 million and $0.05 million for the three and six months ended June 30, 2013, respectively, and $0.1 million and $0.2 million for the three and six months ended June 30, 2012, respectively.

(2) Includes interest expense on the Senior Notes of $0.9 million and $1.8 millionfor the three and six months ended June 30, 2013, respectively, and $0.9 million and $1.8 millionfor the three and six months ended June 30, 2012, respectively.

(3) Includes Noncontrolling Interest of $0.8 million and $0.9 million for the three and six months ended June 30, 2013, respectively, and $0.2 million and $0.4 million for the three and six months ended June 30, 2012, respectively.

(4) Equity in G5, ABS and Pan is classified as Income from Equity Method Investments. The Company's investment in Pan was consolidated during the first quarter of 2013.

Investment Management Results of Operations

Our Wealth Management business includes the results of EWM and Pan, following its consolidation on March 15, 2013. Our Institutional Asset Management business includes the results of ETC, ECB and Atalanta Sosnoff. Fee-based revenues from EWM, Pan, Atalanta Sosnoff and ECB are primarily earned on a percentage of AUM, while ETC primarily earns fees from negotiated trust services and fiduciary consulting arrangements.

In June 2013, the Company held a fourth and final closing on EMCP III, a private equity fund focused on middle market investments in Mexico.  See Note 8 of our unaudited condensed consolidated financial statements for further information.

ECP II earns management fees of 1% of invested capital. Pursuant to an amendment to the Evercore Capital Partners L.P. and its affiliate’s Partnership Agreement, no management fees are earned by the Company. We earn management fees on EMCP II and EMCP III of 2.0% per annum of committed capital during its investment period, and 2.0% per annum on net funded capital thereafter. In addition, the general partner of the private equity funds earns carried interest of 20% based on the fund’s performance, provided it exceeds preferred return hurdles to its limited partners. We own 8%-9% of the carried interest

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earned by the general partner of ECP II. A significant portion of any gains recognized related to ECP II, EMCP II and EMCP III, and any carried interest recognized by them, are distributed to certain of our private equity professionals.

In the event the funds perform below certain thresholds we may be obligated to repay certain carried interest previously distributed. As of June 30, 2013, we had $2.7 million of previously received carried interest that may be subject to repayment.

We made equity method investments in G5 and ABS during the fourth quarters of 2010 and 2011, respectively, the results of which are included within Income from Equity Method Investments.

Assets Under Management

AUM for our Investment Management business of $13.6 billion at June 30, 2013 increased from $12.1 billion at December 31, 2012. The amounts of AUM presented in the table below reflect the assets for which we charge a management fee. These assets reflect the fair value of assets managed on behalf of Institutional Asset Management and Wealth Management clients, and the amount of either invested or committed capital to the Private Equity funds. As defined in ASC 820, valuations performed for Level I investments are based on quoted prices obtained from active markets generated by third parties and Level II investments are valued through the use of models based on either direct or indirect observable inputs in the use of models or other valuation methodologies performed by third parties to determine fair value. For both the Level I and Level II investments, we obtain both active quotes from nationally recognized exchanges and third-party pricing services to determine market or fair value quotes, respectively. Wealth Management maintained 69% and 60% of Level I investments and 31% and 40% of Level II investments as of June 30, 2013 and December 31, 2012, respectively, and Institutional Asset Management maintained 90% and 89% of Level I investments and 10% and 11% of Level II investments as of June 30, 2013 and December 31, 2012, respectively. As noted above, Private Equity AUM is not presented at fair market value, but reported at either invested or committed capital in line with fee arrangements. Private Equity assets represent primarily Level III investments. The following table summarizes AUM activity for the six months endedJune 30, 2013:

	Wealth Management			Institutional Asset Management			Private Equity			Total
	(dollars in millions)
Balance at December 31, 2012	$	4,547		$	7,090		$	438		$	12,075
Inflows	1,120			258			19			1,397
Outflows	(131		)	(339		)	(27		)	(497		)
Market Appreciation	126			531			—			657
Balance at March 31, 2013	$	5,662		$	7,540		$	430		$	13,632
Inflows	253			494			86			833
Outflows	(228		)	(616		)	—			(844		)
Market Appreciation (Depreciation)	(61		)	48			—			(13		)
Balance at June 30, 2013	$	5,626		$	7,466		$	516		$	13,608

AUM increased from December 31, 2012 primarily due to market appreciation in Institutional Asset Management and Wealth Management, partially offset by net outflows in Institutional Asset Management. Inflows in Wealth Management during the first quarter of 2013 included the addition of $1.0 billion of AUM from the consolidation of Pan.

Three Months Ended June 30, 2013 versus June 30, 2012

Net Investment Management Revenues were $24.8 million for the three months ended June 30, 2013, compared to $19.3 million for the three months ended June 30, 2012. Fee-based revenues earned from the management of client portfolios and other investment advisory services increased 15% from the three months ended June 30, 2012, primarily reflecting an increase in AUM in Wealth Management, which includes our acquisition of Mt. Eden during the fourth quarter of 2012 and the consolidation of Pan during the first quarter of 2013, and higher fees from Private Equity. Fee-based revenues included $0.4 million of revenues from performance fees during the three months ended June 30, 2013 compared to $0.3 million during the three months ended June 30, 2012. Realized and Unrealized Gains increased from the prior year primarily resulting from gains in our private equity funds, which were principally driven by unrealized gains on portfolio companies in the U.S. and Mexico. Income from Equity Method Investments decreased marginally from the three months ended June 30, 2012.

Operating Expenses were $20.9 million for the three months ended June 30, 2013, as compared to $20.1 million for the three months ended June 30, 2012, an increase of $0.9 million, or 4%. Employee Compensation and Benefits Expense, as a component of Operating Expenses, was $13.8 million for the three months ended June 30, 2013, as compared to $13.0 million

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for the three months ended June 30, 2012, an increase of $0.8 million, or 7%. The increase was due primarily to our acquisition of Mt. Eden during the fourth quarter of 2012. Non-compensation expenses, as a component of Operating Expenses, were $7.1 million for the three months ended June 30, 2013, flat compared to $7.1 million for the three months ended June 30, 2012.

Other Expenses of $0.6 million for the three months ended June 30, 2013 included compensation costs associated with the vesting of LP Units and certain other awards of $0.5 million and amortization of intangibles of $0.1 million. Other Expenses of $0.7 million for the three months ended June 30, 2012 included compensation costs associated with the vesting of LP Units and certain other awards of $0.6 million and amortization of intangibles of $0.1 million.

Six Months EndedJune 30, 2013 versus June 30, 2012

Net Investment Management Revenues were $44.7 million for the six months endedJune 30, 2013, compared to $38.3 million for the six months endedJune 30, 2012. Fee-based revenues earned from the management of client portfolios and other investment advisory services increased 9% from the six months endedJune 30, 2012, primarily reflecting an increase in AUM in Wealth Management, which includes our acquisition of Mt. Eden during the fourth quarter of 2012 and the consolidation of Pan during the first quarter of 2013, and higher fees from Private Equity. Fee-based revenues included $0.5 million of revenues from performance fees during the six months endedJune 30, 2013 compared to $0.4 million for the six months endedJune 30, 2012. Realized and Unrealized Gains increased from the prior year primarily resulting from gains in our private equity funds, which were principally driven by unrealized gains on portfolio companies in the U.S. and Mexico, as well as increased gains in Institutional Asset Management. Income from Equity Method Investments decreased from the six months endedJune 30, 2012 primarily as a result of lower gains from our investment in G5.

Operating Expenses were $41.8 million for the six months endedJune 30, 2013, as compared to $39.3 million for the six months endedJune 30, 2012, an increase of $2.4 million, or 6%. Employee Compensation and Benefits Expense, as a component of Operating Expenses, was $27.4 million for the six months endedJune 30, 2013, as compared to $24.9 million for the six months endedJune 30, 2012, an increase of $2.5 million, or 10%. The increase was due primarily to our acquisition of Mt. Eden during the fourth quarter of 2012. Non-compensation expenses, as a component of Operating Expenses, were $14.4 million for the six months endedJune 30, 2013, flat compared to $14.4 million for the six months endedJune 30, 2012.

Other Expenses of $1.3 million for the six months endedJune 30, 2013 included compensation costs associated with the vesting of LP Units and certain other awards of $1.2 million and amortization of intangibles of $0.2 million. Other Expenses of $1.3 million for the six months endedJune 30, 2012 included compensation costs associated with the vesting of LP Units and certain other awards of $1.1 million and amortization of intangibles of $0.2 million.

Cash Flows

Our operating cash flows are primarily influenced by the timing and receipt of investment banking and investment management fees, and the payment of operating expenses, including bonuses to our employees and interest expense on our Senior Notes. Investment Banking advisory fees are generally collected within 90 days of billing. However, placement fees may be collected within 180 days of billing, with certain fees being collected in a period exceeding one year. Management fees from our private equity investment management activities are generally billed in advance but collected at the end of a half year period from billing. Fees from our Wealth Management and Institutional Asset Management businesses are generally billed and collected within 90 days. We traditionally pay a substantial portion of incentive compensation to personnel in the Investment Banking business and to executive officers during the first three months of each calendar year with respect to the prior year’s results. Our investing and financing cash flows are primarily influenced by activities to deploy capital to fund investments and acquisitions, raise capital through the issuance of stock or debt, repurchase of outstanding Class A shares, and/or noncontrolling interest in Evercore LP, as well as our other subsidiaries, payment of dividends and other periodic distributions to our stakeholders. We generally make dividend payments and other distributions on a quarterly basis. A summary of our operating, investing and financing cash flows is as follows:

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	For the Six Months Ended June 30,
	2013			2012
	(dollars in thousands)
Cash Provided By (Used In)
Operating activities:
Net income	$	30,389		$	7,021
Non-cash charges	69,763			70,036
Other operating activities	(105,785		)	(74,384		)
Operating activities	(5,633		)	2,673
Investing activities	(483		)	26,098
Financing activities	(104,192		)	(59,808		)
Effect of exchange rate changes	(1,688		)	(1,200		)
Net Increase (Decrease) in Cash and Cash Equivalents	(111,996		)	(32,237		)
Cash and Cash Equivalents
Beginning of Period	259,431			182,905
End of Period	$	147,435		$	150,668

Six Months EndedJune 30, 2013. Cash and Cash Equivalents were $147.4 million at June 30, 2013, a decrease of $112.0 million versus Cash and Cash Equivalents of $259.4 million at December 31, 2012. Operating activities resulted in a net outflow of $5.6 million, primarily related to a decrease in accrued compensation and benefits, offset by earnings. Cash of $0.5 million was used in investing activities primarily related to investments purchased and purchases of furniture, equipment and leasehold improvements, partially offset by net proceeds from maturities and sales of our marketable securities. Financing activities during the period used cash of $104.2 million, primarily for the payment of dividends, distributions to noncontrolling interest holders and treasury stock purchases.

Six Months Ended June 30, 2012. Cash and Cash Equivalents were $150.7 million at June 30, 2012, a decrease of $32.2 million versus Cash and Cash Equivalents of $182.9 million at December 31, 2011. Operating activities resulted in a net inflow of $2.7 million, primarily related to earnings, offset by a decrease in accrued compensation and benefits. Cash of $26.1 million was provided by investing activities primarily related to net proceeds from maturities and sales of our marketable securities, offset by fixed assets purchased, primarily related to new office space in the UK. Financing activities during the period used cash of $59.8 million, primarily for the payment of dividends, distributions to noncontrolling interest holders and treasury stock purchases.

Liquidity and Capital Resources

General

Our current assets include Cash and Cash Equivalents, Marketable Securities and Accounts Receivable relating to Investment Banking and Investment Management revenues. Our current liabilities include accrued expenses and accrued employee compensation. We traditionally have made payments for employee bonus awards and year-end distributions to partners in the first quarter of the year with respect to the prior year’s results. Cash distributions related to partnership tax allocations are made to the partners of Evercore LP in accordance with our corporate estimated payment calendar; these payments are made prior to the end of each calendar quarter. In addition, dividends on Class A Shares are paid when and if declared by the Board of Directors, which is generally quarterly.

We regularly monitor our liquidity position, including cash, other significant working capital, current assets and liabilities, long-term liabilities, lease commitments and related fixed assets, principal investment commitments related to our Investment Management business, dividends on Class A Shares, partnership distributions and other capital, as well as other matters relating to liquidity and compliance with regulatory requirements. Our liquidity is highly dependent on our revenue stream from our operations, principally from our Investment Banking business, which is a function of closing transactions and earning success fees, the timing and realization of which is irregular and dependent upon factors that are not subject to our control. Our revenue stream funds the payment of our expenses, including annual bonus payments, a portion of which are guaranteed, interest expense on our Senior Notes and income taxes. Payments made for income taxes may be reduced by deductions taken for the increase in tax basis of our investment in Evercore LP. These tax deductions, when realized, require payment under our long-term liability, Amounts Due Pursuant to Tax Receivable Agreements. We intend to fund these payments from cash and cash equivalents on hand, principally derived from cash flows from operations. These tax deductions, when realized, will result in cash otherwise required to satisfy tax obligations becoming available for other purposes. Our

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Management Committee meets regularly to monitor our liquidity and cash positions against our short and long-term obligations, as well as our capital requirements and commitments. The result of this review contributes to management’s recommendation to the Board of Directors as to the level of quarterly dividend payments, if any.

As a financial services firm, our businesses are materially affected by conditions in the global financial markets and economic conditions throughout the world. Revenue generated by our advisory activities is related to the number and value of the transactions in which we are involved. During periods of unfavorable market or economic conditions, the number and value of M&A transactions generally decrease, and they generally increase during periods of favorable market or economic conditions. Restructuring activity generally is counter-cyclical to M&A activity. In addition, during periods of unfavorable market conditions our Investment Management business may be impacted by reduced equity valuations and generate relatively lower revenue because fees we receive typically are in part based on the market value of underlying publicly-traded securities. Our profitability may also be adversely affected by our fixed costs and the possibility that we would be unable to scale back other costs within a time frame and in an amount sufficient to match any decreases in revenue relating to changes in market and economic conditions. Reduced equity valuations resulting from future adverse economic events and/or market conditions may impact our performance and may result in future net redemptions of AUM from our clients, which would generally result in lower revenues and cash flows. For a further discussion of risks related to our business, refer to “Risk Factors” in our Form 10-K for the year ended December 31, 2012.

We periodically repurchase Class A Shares and/or LP Units into Treasury in order to reduce the dilutive effect of equity awards granted. In addition, we may, from time to time purchase noncontrolling interest in subsidiaries.

In October 2012, our Board of Directors authorized the repurchase of up to an additional 5 million Class A Shares and/or LP Units for up to $125.0 million. Under this share repurchase program, shares may be repurchased from time to time in open market transactions, in privately-negotiated transactions or otherwise. The timing and the actual amount of shares repurchased will depend on a variety of factors, including legal requirements, price and economic and market conditions. This program may be suspended or discontinued at any time and does not have a specified expiration date. During the six months endedJune 30, 2013, we repurchased 1,483,361 shares and LP Units for $55.0 million pursuant to our repurchase program.

In addition, periodically, we buy shares into treasury from our employees in order to allow them to satisfy their minimum tax requirements for share deliveries under our share equity plan. During the six months endedJune 30, 2013, we repurchased 842,903 shares for $32.0 million primarily related to minimum tax withholding requirements of share deliveries.

During the three months ended June 30, 2013, we entered into a commitment to purchase, at fair value, all of the noncontrolling interest in ETC for $7.9 million. This purchase was settled on July 19, 2013.

On August 21, 2008, we entered into a Purchase Agreement with Mizuho pursuant to which Mizuho purchased from us $120.0 million principal amount of Senior Notes and Warrants to purchase 5,454,545 Class A Shares at $22.00 per share expiring in 2020. The holder of the Senior Notes may require us to purchase, for cash, all or any portion of the holder’s Senior Notes upon a change of control of the Company for a price equal to the Accreted Amount, plus accrued and unpaid interest. Senior Notes held by Mizuho will be redeemable at the Accreted Amount at our option at any time within 90 days following the date on which Mizuho notifies us that it is terminating their Strategic Alliance Agreement. Senior Notes held by any holder other than Mizuho will be redeemable at the Accreted Amount (plus accrued and unpaid interest) at our option at any time. In the event of a default under the indenture, the trustee or holders of 33 1/3% of the Senior Notes may declare that the Accreted Amount is immediately due and payable.

Pursuant to the agreement, Mizuho may transfer (A) the Senior Notes (i) with the Company’s consent, (ii) to a permitted transferee, or (iii) to the extent that such transfer does not result in any holder or group of affiliated holders directly or indirectly owning more than 15% of the aggregate principal amount of the Senior Notes, and (B) the Warrants (i) with the Company’s consent, (ii) to a permitted transferee, (iii) pursuant to a tender or exchange offer, or a merger or sale transaction involving the Company that has been recommended by the Company’s Board of Directors, or (iv) to the extent that such transfer is made pursuant to a widely distributed public offering or does not result in any holder or group of affiliated holders directly or indirectly owning more than 2% of the Company’s voting securities and the total shares of Class A common stock transferred, together with any shares of shares of Class A common stock (on an as-converted basis) transferred during the preceding 12 months, is less than 25% of the Company’s outstanding Class A common stock. The Company has a right of first offer on any proposed transfer by Mizuho of the Warrants, Common Stock purchased in the open market or acquired by exercise of the Warrants and associated Common Stock issued as dividends.

The exercise price for the Warrants is payable, at the option of the holder of the Warrants, either in cash or by tender of Senior Notes at the Accreted Amount, at any point in time.

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Pursuant to the Purchase Agreement with Mizuho, Evercore is subject to certain nonfinancial covenants. As of June 30, 2013, we were in compliance with all of these covenants.

We have made certain capital commitments, with respect to our investment activities, as well as commitments related to redeemable noncontrolling interest and contingent consideration from our acquisitions, which are included in the Contractual Obligations section below.

On June 27, 2013, we established a $25.0 million line of credit with First Republic Bank for funding working capital and other corporate activities.  This facility is secured with certain of our Accounts Receivable outstanding from the date of the agreement and/or restricted cash included in Other Assets on the Unaudited Condensed Consolidated Statements of Financial Condition.  The interest rate on this facility is the U.S. prime rate.  There have been no monies drawn on this facility as of June 30, 2013.

ECB maintains a line of credit with BBVA Bancomer to fund its trading activities on an intra-day and overnight basis. The intra-day facility is approximately $7.7 million and is secured with trading securities when used on an overnight basis. No interest is charged on the intra-day facility. The overnight facility is charged the Inter-Bank Balance Interest Rate plus 10 basis points and is secured with trading securities. There have been no significant monies drawn on ECB’s line of credit since August 10, 2006. The line of credit is renewable annually.

Pursuant to deferred compensation and deferred consideration arrangements, we are obligated to make cash payments in future periods. For further information see Note 14 to our unaudited condensed consolidated financial statements.

Certain of our subsidiaries are regulated entities and are subject to capital requirements. For further information see Note 16 to our unaudited condensed consolidated financial statements.

Collateralized Financing Activity at ECB

ECB enters into repurchase agreements with clients seeking overnight money market returns whereby ECB transfers to the clients Mexican government securities in exchange for cash and concurrently agrees to repurchase the securities at a future date for an amount equal to the cash exchanged plus a stipulated premium or interest factor. ECB deploys the cash received from, and acquires the securities deliverable to, clients under these repurchase arrangements by purchasing securities in the open market or by entering into reverse repurchase agreements with unrelated third parties. We account for these repurchase and reverse repurchase agreements as collateralized financing transactions. We record a liability on our Unaudited Condensed Consolidated Statements of Financial Condition in relation to repurchase transactions executed with clients as Securities Sold Under Agreements to Repurchase. We record as assets on our Unaudited Condensed Consolidated Statements of Financial Condition, Financial Instruments Owned and Pledged as Collateral at Fair Value (where we have acquired the securities deliverable to clients under these repurchase arrangements by purchasing securities in the open market) and Securities Purchased Under Agreements to Resell (where we have acquired the securities deliverable to clients under these repurchase agreements by entering into reverse repurchase agreements with unrelated third parties). These Mexican government securities included in Financial Instruments Owned and Pledged as Collateral at Fair Value on the Unaudited Condensed Consolidated Statements of Financial Condition have an estimated average time to maturity of approximately 1.9 years, as of June 30, 2013, and are pledged as collateral against repurchase agreements, which are collateralized financing agreements. Generally, collateral is posted equal to the contract value at inception and is subject to market changes. These repurchase agreements are primarily with institutional customer accounts managed by ECB, generally mature within one business day and permit the counterparty to pledge the securities. Increases and decreases in asset and liability levels related to these transactions are a function of growth in ECB’s AUM, as well as clients’ investment allocations requiring positioning in repurchase transactions.

ECB has procedures in place to monitor the daily risk limits for positions taken, as well as the credit risk based on the collateral pledged under these agreements against their contract value from inception to maturity date. The daily risk measure is Value at Risk (“VaR”), which is a statistical measure, at a 98% confidence level, of the potential daily losses from adverse market movements in an ordinary market environment based on a historical simulation using the prior year’s historical data. ECB’s Risk Management Committee (the “Committee”) has established a policy to maintain VaR at levels below 0.1% of the value of the portfolio. If at any point in time the threshold is exceeded, ECB personnel are alerted by an automated interface with ECB’s trading systems and begin to make adjustments in the portfolio in order to mitigate the risk and bring the portfolio in compliance. Concurrently, ECB personnel must notify the Risk Management Committee of the variance and the actions taken to reduce the exposure to loss.

In addition to monitoring VaR, ECB periodically performs discrete stress tests (“Stress Tests”) to assure that the level of potential losses that would arise from extreme market movements that may not be anticipated by VaR measures are within acceptable levels. The table below includes a key stress test monitored by the Committee, noted as the sensitivity to a 100 basis

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point change in interest rates. This analysis assists ECB in understanding the impact of an extreme move in rates, assuring the Collateralized Financing portfolio is structured to maintain risk at an acceptable level, even in extreme circumstances.

The Committee meets monthly to analyze the overall market risk exposure based on positions taken, as well as the credit risk, based on the collateral pledged under these agreements against the contract value from inception to maturity date. In these meetings the Committee evaluates risk from an operating perspective, VaR, and an exceptional perspective, Stress Tests, to determine the appropriate level of risk limits in the current environment.

We periodically assess the collectability or credit quality related to securities purchased under agreements to resell.

As of June 30, 2013 and December 31, 2012, a summary of ECB’s assets, liabilities and risk measures related to its collateralized financing activities is as follows:

	June 30, 2013						December 31, 2012
	Amount			Market Value of Collateral Received or (Pledged)			Amount			Market Value of Collateral Received or (Pledged)
	(dollars in thousands)
Assets
Financial Instruments Owned and Pledged as Collateral at Fair Value	$	78,887					$	120,594
Securities Purchased Under Agreements to Resell	3,879			$	3,900		—			$	—
Total Assets	82,766						120,594
Liabilities
Securities Sold Under Agreements to Repurchase	(82,930		)	$	(83,060	)	(120,787		)	$	(121,029	)
Net Liabilities	$	(164	)				$	(193	)
Risk Measures
Value at Risk	$	10					$	37
Stress Test:
Portfolio sensitivity to a 100 basis point increase in the interest rate	$	(62	)				$	(212	)
Portfolio sensitivity to a 100 basis point decrease in the interest rate	$	62					$	212

Contractual Obligations

For a complete discussion of our contractual obligations, refer to the Company’s Annual Report on Form 10-K for the year ended December 31, 2012.

As of June 30, 2013, we were unable to make reasonably reliable estimates of the period of cash settlement with the respective taxing authority, hence, per ASC 740, unrecognized tax benefits have been excluded from this disclosure.

We had total commitments (not reflected on our Unaudited Condensed Consolidated Statements of Financial Condition) relating to future capital contributions to the private equity funds of $10.8 million (which includes an additional $5.0 million capital commitment to Trilantic that the Company agreed to in April 2013) and $7.1 million as of June 30, 2013 and December 31, 2012, respectively. We expect to fund these commitments with cash flows from operations. We may be required to fund these commitments at any time through June 2022, depending on the timing and level of investments by our private equity funds.

We also have commitments related to our redeemable noncontrolling interests. The value of our redeemable noncontrolling interests, which principally includes noncontrolling interests held by the principals of EWM, Atalanta Sosnoff and Trilantic, decreased from $49.7 million as of December 31, 2012 to $48.8 million as of June 30, 2013, as recorded on our Unaudited Condensed Consolidated Statements of Financial Condition. See Note 12 to our unaudited condensed consolidated financial statements for further information.

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Off-Balance Sheet Arrangements

We do not invest in any off-balance sheet vehicles that provide liquidity, capital resources, market or credit risk support, or engage in any leasing activities that expose us to any liability that is not reflected in our unaudited condensed consolidated financial statements.

Market Risk and Credit Risk

We, in general, are not a capital-intensive organization and as such, are not subject to significant market or credit risks. Nevertheless, we have established procedures to assess both the market and credit risk, as well as specific investment risk, exchange rate risk and credit risk related to receivables.

Market and Investment Risk

Institutional Asset Management

We invest in funds managed by EWM and G5. These funds principally hold readily-marketable investment securities. As of June 30, 2013, the fair value of our investments with these products, based on closing prices, was $13.2 million.

We estimate that a hypothetical 10% adverse change in the market value of the investments would have resulted in a decrease in pre-tax income of approximately $1.3 million for the three months ended June 30, 2013.

See “-Liquidity and Capital Resources” above for a discussion of collateralized financing transactions at ECB.

Private Equity Funds

Through our principal investments in our private equity funds and our ability to earn carried interest from these funds, we face exposure to changes in the estimated fair value of the companies in which these funds invest. Our professionals devote considerable time and resources to work closely with the portfolio company’s management to assist in designing a business strategy, allocating capital and other resources and evaluating expansion or acquisition opportunities. On a quarterly basis, we perform a comprehensive analysis and valuation of all of the portfolio companies. Our analysis includes reviewing the current market conditions and valuations of each portfolio company. Valuations and analysis regarding our investments in CSI Capital and Trilantic are performed by their respective professionals, and thus we are not involved in determining the fair value for the portfolio companies of such funds.

We estimate that a hypothetical 10% adverse change in the value of the private equity funds would have resulted in a decrease in pre-tax income of approximately $2.6 million for the three months ended June 30, 2013.

Exchange Rate Risk

We have foreign operations, through our subsidiaries and affiliates, in Mexico, the United Kingdom, Brazil, Canada and Hong Kong which creates foreign exchange rate risk. Their respective functional currencies are the Mexican peso, British pound sterling, Brazilian real, Canadian dollar and Hong Kong dollar. We have not entered into any transactions to hedge our exposure to these foreign exchange fluctuations through the use of derivative instruments or otherwise. An appreciation or depreciation of any of these currencies relative to the U.S. dollar would result in an adverse or beneficial impact to our financial results. A significant portion of our Latin American revenues have been, and will continue to be, derived from contracts denominated in Mexican pesos and Evercore Europe’s revenue and expenses are denominated primarily in British pounds sterling and euro. Historically, the value of these foreign currencies has fluctuated relative to the U.S. dollar. For the six months endedJune 30, 2013, the net impact of the fluctuation of foreign currencies recorded in Other Comprehensive Income within the Unaudited Condensed Consolidated Statement of Comprehensive Income was ($2.2) million. It is currently not our intention to hedge our foreign currency exposure, and we will reevaluate this policy from time to time.

Credit Risks

We maintain cash and cash equivalents with financial institutions with high credit ratings. At times, we may maintain deposits in federally insured financial institutions in excess of federally insured (“FDIC”) limits. However, we believe that we are not exposed to significant credit risk due to the financial position of the depository institution in which those deposits are held.

Accounts Receivable consists primarily of advisory fees and expense reimbursements billed to our clients. Receivables are reported net of any allowance for doubtful accounts. We maintain an allowance for bad debts to provide coverage for probable losses from our customer receivables and derive the estimate through specific identification for the allowance for doubtful accounts and an assessment of the client’s creditworthiness. As of June 30, 2013 and December 31, 2012, total receivables amounted to $114.2 million and $89.1 million, respectively, net of an allowance. The Investment Banking and

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Investment Management receivables collection periods generally are within 90 days of invoice, with the exception of placement fees, which are generally collected within 180 days of invoice. The collection period for restructuring transactions and private equity fee receivables may exceed 90 days. We recorded minimal bad debt expense for each of the six months endedJune 30, 2013 and 2012.

With respect to our Marketable Securities portfolio, which is comprised primarily of highly rated corporate and municipal bonds, mutual funds and Securities Investments, we manage our credit risk exposure by limiting concentration risk and maintaining investment grade credit quality. As of June 30, 2013, we had Marketable Securities of $36.4 million, of which 41% were corporate and municipal securities, primarily with S&P ratings ranging from AAA to BB+, and 59% were Securities Investments and mutual funds.

Critical Accounting Policies and Estimates

The unaudited condensed consolidated financial statements included in this report are prepared in conformity with U.S. GAAP, which requires management to make estimates and assumptions regarding future events that affect the amounts reported in our unaudited condensed consolidated financial statements and their notes, including reported amounts of assets, liabilities, revenue and expenses, and related disclosure of contingent assets and liabilities. We base these estimates on historical experience and various other assumptions that we believe to be reasonable under the circumstances. Actual results could differ materially from those estimates. For a complete discussion of our critical accounting policies and estimates, refer to our Annual Report on Form 10-K for the year ended December 31, 2012.

Recently Issued Accounting Standards

ASU 2011-11 – In December 2011, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2011-11, “Disclosures about Offsetting Assets and Liabilities” (“ASU 2011-11”). ASU 2011-11 provides amendments to Accounting Standards Codification (“ASC”) No. 210, “Balance Sheet”, which are intended to enhance disclosures required by U.S. GAAP by requiring improved information about financial instruments and derivative instruments that are either (1) offset in accordance with either Section 210-20-45 or Section 815-10-45 or (2) subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in accordance with either Section 210-20-45 or Section 815-10-45. This information will enable users of an entity’s financial statements to evaluate the effect or potential effect of netting arrangements on an entity’s financial position, including the effect or potential effect of rights of setoff associated with certain financial instruments and derivative instruments in the scope of this update. In January 2013, the FASB issued ASU No. 2013-01, “Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities” (“ASU 2013-01”), which provides amendments that clarify that the scope of ASU 2011-11 applies to derivatives accounted for in accordance with ASC No. 815, “Derivatives and Hedging”, including bifurcated embedded derivatives, repurchase and reverse repurchase agreements, and securities borrowing and securities lending transactions. The amendments in these updates are effective retrospectively for interim and annual periods beginning after January 1, 2013. The adoption of ASU 2011-11 and ASU 2013-01 did not have a material impact on the Company’s financial condition, results of operations and cash flows, or disclosures thereto.

ASU 2013-02 – In February 2013, the FASB issued ASU No. 2013-02, “Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income” (“ASU 2013-02”). ASU 2013-02 provides amendments to ASC No. 220, “Comprehensive Income”, which are intended to enhance disclosures required by U.S. GAAP by requiring improved information about the amounts reclassified out of accumulated other comprehensive income by component, and to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income and their corresponding effect on the respective line items in net income if the amount being reclassified is required under U.S. GAAP to be reclassified in its entirety to net income. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures required under U.S. GAAP that provide additional detail about those amounts. The amendments in this update are effective prospectively during interim and annual periods beginning after December 15, 2012, with early adoption permitted. The adoption of ASU 2013-02 did not have a material impact on the Company’s financial condition, results of operations and cash flows, or disclosures thereto.

ASU 2013-05 – In March 2013, the FASB issued ASU No. 2013-05, “Parent’s Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity” (“ASU 2013-05”). ASU 2013-05 provides amendments to ASC No. 830, “Foreign Currency Matters”, which are intended to resolve diversity in practice by clarifying the guidance for the release of the cumulative translation adjustment into net income when a parent either sells a part or all of its investment in a foreign entity or no longer holds a controlling financial interest in a subsidiary or group of assets that is a nonprofit activity or a business within a foreign entity. The amendments also clarify the guidance for the release of the cumulative translation adjustment into net income for business combinations achieved in stages involving a foreign entity. The amendments in this update are effective prospectively during

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interim and annual periods beginning after December 15, 2013, with early adoption permitted. The Company is currently assessing the impact of the adoption of this update on the Company’s consolidated financial condition, results of operations and cash flows.

ASU 2013-08 – In June 2013, the FASB issued ASU No. 2013-08, “Amendments to the Scope, Measurement, and Disclosure Requirements” (“ASU 2013-08”). ASU 2013-08 provides amendments to ASC No. 946, “Financial Services - Investment Companies”, which modify the guidance for the assessment of whether an entity is an investment company and provide additional implementation guidance for the assessment. The amendments also require fair value measurement rather than equity method accounting for noncontrolling ownership interests in other investment companies, and require additional disclosures about an entity's status as an investment company and financial support provided or contractually required to be provided by an investment company to its investees. The amendments in this update are effective prospectively during interim and annual periods beginning after December 15, 2013, with early adoption prohibited. The Company is currently assessing the impact of the adoption of this update on the Company’s consolidated financial condition, results of operations and cash flows.

ASU 2013-11 – In July 2013, the FASB issued ASU No. 2013-11, “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists” (“ASU 2013-11”). ASU 2013-11 provides amendments to ASC No. 740, “Income Taxes”, which clarify the guidance for the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. The amendments require that an unrecognized tax benefit, or a portion of an unrecognized tax benefit, be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward. If a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The amendments in this update are effective prospectively during interim and annual periods beginning after December 15, 2014, with early adoption prohibited. The Company is currently assessing the impact of the adoption of this update on the Company’s consolidated financial condition, results of operations and cash flows.

43

Item 3. Quantitative and Qualitative Disclosures About Market Risk

Risk Management

See “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Market Risk and Credit Risk.” We do not believe we face any material interest rate risk, foreign currency exchange risk, equity price risk or other market risk except as disclosed in Item 2 “ – Market Risk and Credit Risk” above.

Item 4. Controls and Procedures

Conclusion Regarding the Effectiveness of Disclosure Controls and Procedures

Any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives. Our management, with the participation of our Chief Executive Officer and Chief Financial Officer, has evaluated the effectiveness of the design and operation of our disclosure controls and procedures pursuant to Rule 13a-15 under the Exchange Act as of the end of the period covered by this report. Based upon that evaluation and subject to the foregoing, our Chief Executive Officer and Chief Financial Officer concluded that, as of the end of the period covered by this report, the design and operation of our disclosure controls and procedures (as defined in Rule 13a-15(e) under the Exchange Act) were effective to accomplish their objectives at the reasonable assurance level.

Changes in Internal Controls over Financial Reporting

We have not made any changes during the three months ended June 30, 2013, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act).

44

PART II. OTHER INFORMATION

Item 1. Legal Proceedings

General

In the normal course of business, from time to time the Company and its affiliates are involved in judicial or regulatory proceedings, arbitration or mediation concerning matters arising in connection with the conduct of its businesses, including contractual and employment matters. In addition, Mexican, United Kingdom, Hong Kong, Canadian and United States government agencies and self-regulatory organizations, as well as state securities commissions in the United States, conduct periodic examinations and initiate administrative proceedings regarding the Company’s business, including, among other matters, accounting and operational matters, that can result in censure, fine, the issuance of cease-and-desist orders or the suspension or expulsion of a broker-dealer, investment advisor, or its directors, officers or employees. In view of the inherent difficulty of predicting the outcome of such matters, particularly in cases where claimants seek substantial or indeterminate damages or where investigations and proceedings are in the early stages, the Company cannot predict the loss or range of loss, if any, related to such matters, how or if such matters will be resolved, when they will ultimately be resolved, or what the eventual settlement, fine, penalty or other relief, if any, might be. Subject to the foregoing, the Company believes, based on current knowledge and after consultation with counsel, that it is not currently party to any material pending proceedings, individually or in the aggregate, the resolution of which would have a material effect on the Company. Legal reserves are established in accordance with ASC 450, “Contingencies” when warranted. Once established, reserves are adjusted when there is more information available or when an event occurs requiring a change.

Item 1A. Risk Factors

There have not been any material changes from the risk factors previously disclosed in our Annual Report on Form 10-K for the year ended December 31, 2012.

Item 2.    Unregistered Sales of Equity Securities and Use of Proceeds

Unregistered Sales

None

Issuer Purchases of Equity Securities

2013	Total Number of Shares (or Units) Purchased (1)	Average Price Paid Per Share		Total Number of Shares (or Units) Purchased as Part  of Publicly Announced Plans or Programs (2)(3)	Maximum Number (or Approximate Dollar Value) of Shares (or  Units) that May Yet Be Purchased Under the Plans or Programs (2)(3)
April 1 to April 30	156,845	$	38.99	127,318	4,957,182
May 1 to May 31	652,845	36.32		651,143	4,306,039
June 1 to June 30	733,021	37.41		673,900	3,632,139
Total	1,542,711	$	37.11	1,452,361	3,632,139

(1) These include treasury transactions arising from net settlement of equity awards to satisfy minimum tax obligations.

(2) In October 2010, Evercore’s Board authorized the repurchase of up to 2 million shares of Evercore Class A Common Stock and/or LP Units for up to $85.0 million. Under this share repurchase program, shares may be repurchased from time to time in open market transactions, in privately negotiated transactions or otherwise. The timing and the actual number of shares repurchased will depend on a variety of factors, including legal requirements, price and economic and market conditions. This program may be suspended or discontinued at any time and does not have a specified expiration date.

(3) In October 2012, Evercore’s Board authorized the repurchase of up to an additional 5 million shares of Evercore Class A Common Stock and/or LP Units for up to $125.0 million. Under this share repurchase program, shares may be repurchased from time to time in open market transactions, in privately negotiated transactions or otherwise. The timing and the actual number of shares repurchased will depend on a variety of factors, including legal requirements, price and economic and market conditions. This program may be suspended or discontinued at any time and does not have a specified expiration date.

45

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

Not Applicable.

Item 5. Other Information

None.

Item 6. Exhibits

Exhibit Number	Description
10.48	Amended and Restated 2006 Evercore Partners Inc. Stock Incentive Plan (Incorporated by Reference to the Registrant's Current Report on Form 8-K (Commission File No. 001-32975), filed with the SEC on June 20, 2013)
31.1	Certification of the Chief Executive Officer pursuant to Rule 13a-14(a) (filed herewith)
31.2	Certification of the Chief Financial Officer pursuant to Rule 13a-14(a) (filed herewith)
32.1	Certification of the Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (furnished herewith)
32.2	Certification of the Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (furnished herewith)
101	The following materials from the Registrant’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2013, are formatted in XBRL (eXtensible Business Reporting Language); (i) Condensed Consolidated Statements of Financial Condition as of June 30, 2013 and December 31, 2012, (ii) Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2013 and 2012, (iii) Condensed Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2013 and 2012, (iv) Condensed Consolidated Statements of Changes In Equity for the six months ended June 30, 2013 and 2012, (v) Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2013 and 2012, and (vi) Notes to Condensed Consolidated Financial Statements (furnished herewith)

46

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date: August 7, 2013

Evercore Partners Inc.
By:	/S/    RALPH SCHLOSSTEIN
Name:	Ralph Schlosstein
Title:	Chief Executive Officer and Director
By:	/S/    ROBERT B. WALSH
Name:	Robert B. Walsh
Title:	Chief Financial Officer

47

Exhibit Index

Exhibit Number	Description
10.48	Amended and Restated 2006 Evercore Partners Inc. Stock Incentive Plan (Incorporated by Reference to the Registrant's Current Report on Form 8-K (Commission File No. 001-32975), filed with the SEC on June 20, 2013)
31.1	Certification of the Chief Executive Officer pursuant to Rule 13a-14(a) (filed herewith)
31.2	Certification of the Chief Financial Officer pursuant to Rule 13a-14(a) (filed herewith)
32.1	Certification of the Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (furnished herewith)
32.2	Certification of the Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (furnished herewith)
101	The following materials from the Registrant’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2013, are formatted in XBRL (eXtensible Business Reporting Language); (i) Condensed Consolidated Statements of Financial Condition as of June 30, 2013 and December 31, 2012, (ii) Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2013 and 2012, (iii) Condensed Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2013 and 2012, (iv) Condensed Consolidated Statements of Changes In Equity for the six months ended June 30, 2013 and 2012, (v) Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2013 and 2012, and (vi) Notes to Condensed Consolidated Financial Statements (furnished herewith)

48

EX-31.1

Exhibit 31.1

CHIEF EXECUTIVE OFFICER CERTIFICATION

I, Ralph Schlosstein, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Evercore Partners Inc. (the “Registrant”);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the period presented in this report;

4. The Registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter (the Registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

5. The Registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant’s auditors and the audit committee of the Registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.

Dated: August 7, 2013

/ s /    RALPH SCHLOSSTEIN

Ralph Schlosstein

Chief Executive Officer and Director

EX-31.2

Exhibit 31.2

CHIEF FINANCIAL OFFICER CERTIFICATION

I, Robert B. Walsh, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Evercore Partners Inc. (the “Registrant”);

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the Registrant as of, and for, the period presented in this report;

4. The Registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the Registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the Registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the Registrant’s internal control over financial reporting that occurred during the Registrant’s most recent fiscal quarter (the Registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting; and

5. The Registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the Registrant’s auditors and the audit committee of the Registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the Registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant’s internal control over financial reporting.

Dated: August 7, 2013

/ s /    ROBERT B. WALSH

Robert B. Walsh

Chief Financial Officer

(Principal Financial Officer)

EX-32.1

Exhibit 32.1

Certification of the Chief Executive Officer

Pursuant to 18 U.S.C. Section 1350,

As Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

In connection with the Quarterly Report of Evercore Partners Inc. (the “Company”) on Form 10-Q as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Ralph Schlosstein, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Dated: August 7, 2013

/ s /    RALPH SCHLOSSTEIN

Ralph Schlosstein

Chief Executive Officer and Director

* The foregoing certification is being furnished solely pursuant to 18 U.S.C. Section 1350 and is not being filed as part of the Report or as a separate disclosure document.

EX-32.2

Exhibit 32.2

Certification of the Chief Financial Officer

Pursuant to 18 U.S.C. Section 1350,

As Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

In connection with the Quarterly Report of Evercore Partners Inc. (the “Company”) on Form 10-Q as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Robert B. Walsh, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Dated: August 7, 2013

/ s /    ROBERT B. WALSH

Robert B. Walsh

Chief Financial Officer

* The foregoing certification is being furnished solely pursuant to 18 U.S.C. Section 1350 and is not being filed as part of the Report or as a separate disclosure document.

XML

Issuance of Notes Payable and Warrants

6 Months Ended

Jun. 30, 2013

Text Block [Abstract]

Issuance of Notes Payable and Warrants

Issuance of Notes Payable and Warrants

On August 21, 2008, the Company entered into a Purchase Agreement with Mizuho Corporate Bank, Ltd. (“Mizuho”) pursuant to which Mizuho purchased from the Company $120,000 principal amount of Senior Notes due 2020 with a 5.20% coupon (“Senior Notes”) and warrants to purchase 5,455 shares of the Company’s Class A common stock, par value $0.01 per share (“Class A Shares”) at $22.00 per share (the “Warrants”) expiring in 2020. Based on their relative fair value at issuance, plus accretion, the Senior Notes and Warrants were reflected in Notes Payable and Additional Paid-In-Capital on the Unaudited Condensed Consolidated Statements of Financial Condition. The Senior Notes have an effective yield of 7.94%.

The holder of the Senior Notes may require the Company to purchase, for cash, all or any portion of the holder’s Senior Notes upon a change of control of the Company for a price equal to the aggregate accreted amount of such Senior Notes, (the “Accreted Amount”), plus accrued and unpaid interest. Senior Notes held by Mizuho will be redeemable at the Accreted Amount at the option of the Company at any time within 90 days following the date on which Mizuho notifies the Company that it is terminating their strategic alliance agreement (“Strategic Alliance Agreement”). Senior Notes held by any other holder than Mizuho will be redeemable at the Accreted Amount (plus accrued and unpaid interest) at the option of the Company at any time. In the event of a default under the indenture, the trustee or holders of 33 1/3% of the Senior Notes may declare that the Accreted Amount is immediately due and payable.

Pursuant to the agreement, Mizuho may transfer (A) the Senior Notes (i) with the Company’s consent, (ii) to a permitted transferee, or (iii) to the extent that such transfer does not result in any holder or group of affiliated holders directly or indirectly owning more than 15% of the aggregate principal amount of the Senior Notes, and (B) the Warrants (i) with the Company’s consent, (ii) to a permitted transferee, (iii) pursuant to a tender or exchange offer, or a merger or sale transaction involving the Company that has been recommended by the Company’s Board of Directors, or (iv) to the extent that such transfer is made pursuant to a widely distributed public offering or does not result in any holder or group of affiliated holders directly or indirectly owning more than 2% of the Company’s voting securities and the total shares of Class A common stock transferred, together with any shares of shares of Class A common stock (on an as-converted basis) transferred during the preceding 12 months, is less than 25% of the Company’s outstanding Class A common stock. The Company has a right of first offer on any proposed transfer by Mizuho of the Warrants, Common Stock purchased in the open market or acquired by exercise of the Warrants and associated Common Stock issued as dividends.

The exercise price for the Warrants is payable, at the option of the holder of the Warrants, either in cash or by tender of Senior Notes at the Accreted Amount, at any point in time.

XML

Commitments and Contingencies - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Commitment And Contingencies [Line Items]
Operating Leases agreements, expiration date			Various dates through 2023
Rental expense relating to operating leases	$ 5,981	$ 5,862	$ 11,891	$ 11,347
Unfunded commitments for capital contributions	10,830		10,830
Trilantic [Member]
Commitment And Contingencies [Line Items]
Unfunded commitments for capital contributions	5,000		5,000
First Republic Bank [Member]
Commitment And Contingencies [Line Items]
Line of credit facility, maximum borrowing capacity	25,000		25,000
Line of Credit Facility, Amount Outstanding	$ 0		$ 0

XML

Condensed Consolidated Statements of Operations (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended				6 Months Ended
	Jun. 30, 2013		Jun. 30, 2012		Jun. 30, 2013		Jun. 30, 2012
Revenues
Investment Banking Revenue	$ 183,454		$ 154,426		$ 314,837		$ 238,921
Investment Management Revenue	25,738		20,036		47,277		39,800
Other Revenue, Including Interest	1,428		1,593		3,221		3,889
Total Revenues	210,620		176,055		365,335		282,610
Interest Expense	3,174		3,558		6,467		7,315
Net Revenues	207,446	[1]	172,497	[1]	358,868	[1]	275,295	[1]
Expenses
Employee Compensation and Benefits	131,793		114,290		233,865		195,017
Occupancy and Equipment Rental	8,238		9,146		16,997		17,391
Professional Fees	9,418		8,272		17,270		15,328
Travel and Related Expenses	8,284		7,648		15,465		14,381
Communications and Information Services	3,424		3,028		6,844		5,816
Depreciation and Amortization	3,661		3,680		7,219		9,042
Special Charges	0		662		0		662
Acquisition and Transition Costs	0		75		58		148
Other Operating Expenses	4,566		4,501		8,144		8,458
Total Expenses	169,384		151,302		305,862		266,243
Income Before Income from Equity Method Investments and Income Taxes	38,062		21,195		53,006		9,052
Income from Equity Method Investments	1,015		719		1,771		3,104
Income Before Income Taxes	39,077		21,914		54,777		12,156
Provision for Income Taxes	17,066		9,773		24,388		5,135
Net Income	22,011		12,141		30,389		7,021
Net Income Attributable to Noncontrolling Interest	5,585		4,207		7,994		2,455
Net Income Attributable to Evercore Partners Inc.	16,426		7,934		22,395		4,566
Net Income Attributable to Evercore Partners Inc. Common Shareholders	$ 16,405		$ 7,913		$ 22,353		$ 4,524
Weighted Average Shares of Class A Common Stock Outstanding
Basic (in shares)	31,811		29,213		31,836		29,169
Diluted (in shares)	37,501		31,664		37,738		32,106
Net Income Per Share Attributable to Evercore Partners Inc. Common Shareholders:
Basic (in dollars per share)	$ 0.52		$ 0.27		$ 0.70		$ 0.16
Diluted (in dollars per share)	$ 0.44		$ 0.25		$ 0.59		$ 0.14
Dividends Declared per Share of Class A Common Stock	$ 0.22		$ 0.20		$ 0.44		$ 0.40

[1] Net revenues include Other Revenue, net, allocated to the segments as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, 2013 2012 2013 2012Investment Banking (A)$(849) $(1,262) $(636) $(1,972)Investment Management (B)(897) (703) (2,610) (1,454)Total Other Revenue, net$(1,746) $(1,965) $(3,246) $(3,426) (A)Investment Banking Other Revenue, net, includes interest expense on the Senior Notes of $1,095 and $2,183 for the three and six months ended June 30, 2013, respectively, and $1,075 and $2,145 for the three and six months ended June 30, 2012, respectively.(B)Investment Management Other Revenue, net, includes interest expense on the Senior Notes of $924 and $1,843 for the three and six months ended June 30, 2013, respectively, and $909 and $1,813 for the three and six months ended June 30, 2012, respectively.

XML

Recent Accounting Pronouncements

6 Months Ended

Jun. 30, 2013

Accounting Changes and Error Corrections [Abstract]

Recent Accounting Pronouncements

Recent Accounting Pronouncements

ASU 2011-11 – In December 2011, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2011-11, “Disclosures about Offsetting Assets and Liabilities” (“ASU 2011-11”). ASU 2011-11 provides amendments to Accounting Standards Codification (“ASC”) No. 210, “Balance Sheet”, which are intended to enhance disclosures required by U.S. GAAP by requiring improved information about financial instruments and derivative instruments that are either (1) offset in accordance with either Section 210-20-45 or Section 815-10-45 or (2) subject to an enforceable master netting arrangement or similar agreement, irrespective of whether they are offset in accordance with either Section 210-20-45 or Section 815-10-45. This information will enable users of an entity’s financial statements to evaluate the effect or potential effect of netting arrangements on an entity’s financial position, including the effect or potential effect of rights of setoff associated with certain financial instruments and derivative instruments in the scope of this update. In January 2013, the FASB issued ASU No. 2013-01, “Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities” (“ASU 2013-01”), which provides amendments that clarify that the scope of ASU 2011-11 applies to derivatives accounted for in accordance with ASC No. 815, “Derivatives and Hedging”, including bifurcated embedded derivatives, repurchase and reverse repurchase agreements, and securities borrowing and securities lending transactions. The amendments in these updates are effective retrospectively for interim and annual periods beginning after January 1, 2013. The adoption of ASU 2011-11 and ASU 2013-01 did not have a material impact on the Company’s financial condition, results of operations and cash flows, or disclosures thereto.

ASU 2013-02 – In February 2013, the FASB issued ASU No. 2013-02, “Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income” (“ASU 2013-02”). ASU 2013-02 provides amendments to ASC No. 220, “Comprehensive Income”, which are intended to enhance disclosures required by U.S. GAAP by requiring improved information about the amounts reclassified out of accumulated other comprehensive income by component, and to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income and their corresponding effect on the respective line items in net income if the amount being reclassified is required under U.S. GAAP to be reclassified in its entirety to net income. For other amounts that are not required under U.S. GAAP to be reclassified in their entirety to net income in the same reporting period, an entity is required to cross-reference other disclosures required under U.S. GAAP that provide additional detail about those amounts. The amendments in this update are effective prospectively during interim and annual periods beginning after December 15, 2012, with early adoption permitted. The adoption of ASU 2013-02 did not have a material impact on the Company’s financial condition, results of operations and cash flows, or disclosures thereto.

ASU 2013-05 – In March 2013, the FASB issued ASU No. 2013-05, “Parent’s Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity” (“ASU 2013-05”). ASU 2013-05 provides amendments to ASC No. 830, “Foreign Currency Matters”, which are intended to resolve diversity in practice by clarifying the guidance for the release of the cumulative translation adjustment into net income when a parent either sells a part or all of its investment in a foreign entity or no longer holds a controlling financial interest in a subsidiary or group of assets that is a nonprofit activity or a business within a foreign entity. The amendments also clarify the guidance for the release of the cumulative translation adjustment into net income for business combinations achieved in stages involving a foreign entity. The amendments in this update are effective prospectively during interim and annual periods beginning after December 15, 2013, with early adoption permitted. The Company is currently assessing the impact of the adoption of this update on the Company’s consolidated financial condition, results of operations and cash flows.

ASU 2013-08 – In June 2013, the FASB issued ASU No. 2013-08, “Amendments to the Scope, Measurement, and Disclosure Requirements” (“ASU 2013-08”). ASU 2013-08 provides amendments to ASC No. 946, “Financial Services - Investment Companies”, which modify the guidance for the assessment of whether an entity is an investment company and provide additional implementation guidance for the assessment. The amendments also require fair value measurement rather than equity method accounting for noncontrolling ownership interests in other investment companies, and require additional disclosures about an entity's status as an investment company and financial support provided or contractually required to be provided by an investment company to its investees. The amendments in this update are effective prospectively during interim and annual periods beginning after December 15, 2013, with early adoption prohibited. The Company is currently assessing the impact of the adoption of this update on the Company’s consolidated financial condition, results of operations and cash flows.

ASU 2013-11 – In July 2013, the FASB issued ASU No. 2013-11, “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists” (“ASU 2013-11”). ASU 2013-11 provides amendments to ASC No. 740, “Income Taxes”, which clarify the guidance for the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. The amendments require that an unrecognized tax benefit, or a portion of an unrecognized tax benefit, be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward. If a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The amendments in this update are effective prospectively during interim and annual periods beginning after December 15, 2014, with early adoption prohibited. The Company is currently assessing the impact of the adoption of this update on the Company’s consolidated financial condition, results of operations and cash flows.

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Income Taxes

6 Months Ended

Jun. 30, 2013

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

The Company’s Provision for Income Taxes was $17,066 and $24,388for the three and six months ended June 30, 2013, respectively, and $9,773 and $5,135for the three and six months ended June 30, 2012, respectively. The effective tax rate was 44% and 45%for the three and six months ended June 30, 2013, respectively, and 45% and 42%for the three and six months ended June 30, 2012, respectively. The effective tax rate for 2013 and 2012 reflects the effect of certain nondeductible expenses, including the vesting of LP Units, as well as the noncontrolling interest associated with LP Units and other adjustments.

The Company reported an increase in deferred tax assets of $77 associated with changes in Unrealized Gain (Loss) on Marketable Securities and an increase of $1,152 associated with changes in Foreign Currency Translation Adjustment Gain (Loss), in Accumulated Other Comprehensive Income (Loss) for the six months endedJune 30, 2013.

As of June 30, 2013, the Company had unrecognized tax benefits of $526, $474 of which, if recognized, would affect the effective tax rate. The Company does not anticipate a significant change in unrecognized tax positions as a result of the settlement of income tax audits for examining the Company’s income tax returns during the upcoming year.

The Company classifies interest relating to tax matters and tax penalties as a component of income tax expense in its Unaudited Condensed Consolidated Statements of Operations. Related to the unrecognized tax benefits, the Company recognized approximately $17 and $115 of interest and penalties during the three and six months endedJune 30, 2013, respectively. The Company has approximately $132 accrued for the payment of interest and penalties as of June 30, 2013.

The Company consolidated Pan on March 15, 2013. Pan contributed an additional $1,360 in deferred tax assets to the Unaudited Condensed Consolidated Statement of Financial Condition as of June 30, 2013, with a 100% valuation allowance against these deferred tax assets. See Note 8 for further information.

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Segment Operating Results - Additional Information (Detail)	3 Months Ended	6 Months Ended
	Jun. 30, 2013 Client	Jun. 30, 2013 segment Client
Segment Reporting [Abstract]
Number of operating segments (in segments)		2
Number of clients contributing more than ten percent of revenue (in clients)	0	0

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Evercore Partners Inc. Stockholders' Equity

6 Months Ended

Jun. 30, 2013

Equity [Abstract]

Evercore Partners Inc. Stockholders' Equity

Evercore Partners Inc. Stockholders’ Equity

Dividends – The Company’s Board of Directors declared on July 23, 2013, a quarterly cash dividend of $0.22 per share, to the holders of Class A Shares as of August 30, 2013, which will be paid on September 13, 2013. During the six months endedJune 30, 2013, the Company declared and paid dividends of $0.44 per share, totaling $14,121.

Treasury Stock – During the six months endedJune 30, 2013, the Company purchased 843 Class A Shares primarily from employees at values ranging from $22.24 to $43.18 per share primarily for the net settlement of stock-based compensation awards and 1,298 Class A Shares at market values ranging from $36.00 to $41.00 per share pursuant to the Company’s share repurchase program. The result of these purchases was an increase in Treasury Stock of $81,108 on the Company’s Unaudited Condensed Consolidated Statement of Financial Condition as of June 30, 2013.

LP Units – During the six months endedJune 30, 2013, 1,326 Evercore LP partnership units (“LP Units”) were exchanged for Class A Shares (including 983 LP Units which were exchanged on December 31, 2012, where settlement did not occur until January 2013), resulting in an increase to Common Stock and Additional Paid-In-Capital of $13 and $8,063, respectively, on the Company’s Unaudited Condensed Consolidated Statement of Financial Condition as of June 30, 2013.

In June 2013, the Company purchased 185 LP Units and certain other rights from a noncontrolling interest holder, resulting in a decrease to Noncontrolling Interest of $5,893 and a net increase to Additional Paid-In-Capital of $1,343, inclusive of the step-up in basis for the assets of Evercore LP, on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of June 30, 2013.

Accumulated Other Comprehensive Income (Loss) – As of June 30, 2013, Accumulated Other Comprehensive Income (Loss) on the Company’s Unaudited Condensed Consolidated Statement of Financial Condition includes an accumulated Unrealized Gain (Loss) on Marketable Securities, net, and a Foreign Currency Translation Adjustment Gain (Loss), net, of ($1,519) and ($9,396), respectively.

Other Revenue, Including Interest, and the Provision for Income Taxes on the Unaudited Condensed Consolidated Statement of Operations for the six months endedJune 30, 2013 includes ($1,683) and ($573), respectively, reclassified from Accumulated Other Comprehensive Income (Loss) related to the recognition of a cumulative foreign exchange translation loss as a result of the consolidation of Pan.

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Noncontrolling Interest - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012	Feb. 28, 2010
Noncontrolling Interest [Line Items]
Unrealized gain on marketable securities	$ (156)	$ (341)	$ (39)	$ (29)
Foreign currency translation adjustment gain (loss)	(393)	(1,330)	(516)	(32)
Issued LP Units (in shares)						500
Cash value of redemption of LP Units Issues	16,500		16,500
Fair value of limited partners units exchanged	48,848		48,848		49,727
Redemption Period			5 years
Redemption value accretion	21	21	42	42
Evercore LP [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest (as a percent)	16.00%		16.00%
ECB [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest (as a percent)	28.00%		28.00%
EWM [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest (as a percent)	49.00%		49.00%
Fair value of limited partners units exchanged	28,478		28,478		29,399
Atalanta Sosnoff [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest (as a percent)	34.00%		34.00%
Fair value of limited partners units exchanged	3,997		3,997		3,997
Institutional Equities [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest (as a percent)	38.00%		38.00%
Evercore Trust Company [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest (as a percent)	14.00%		14.00%
Purchase of Noncontrolling Interest	7,890
Pan [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest (as a percent)	32.00%		32.00%
Trilantic [Member]
Noncontrolling Interest [Line Items]
Fair value of limited partners units exchanged						$ 16,090

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Segment Operating Results (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended				6 Months Ended
	Jun. 30, 2013		Jun. 30, 2012		Jun. 30, 2013		Jun. 30, 2012		Dec. 31, 2012
Segment Reporting Information [Line Items]
Net Revenues	$ 207,446	[1]	$ 172,497	[1]	$ 358,868	[1]	$ 275,295	[1]
Operating Expenses	159,332		138,748		285,205		236,974
Other Expenses	10,052	[2]	12,554	[2]	20,657	[2]	29,269	[2]
Operating Income (Loss)	38,062		21,195		53,006		9,052
Income (Loss) from Equity Method Investments	1,015		719		1,771		3,104
Pre-Tax Income (Loss)	39,077		21,914		54,777		12,156
Identifiable Segment Assets	1,032,963		973,858		1,032,963		973,858		1,145,218
Investment Banking [Member]
Segment Reporting Information [Line Items]
Net Revenues	182,605	[1]	153,164	[1]	314,201	[1]	236,949	[1]
Operating Expenses	138,389		118,683		243,455		197,659
Other Expenses	9,456	[2]	11,898	[2]	19,311	[2]	28,005	[2]
Operating Income (Loss)	34,760		22,583		51,435		11,285
Income (Loss) from Equity Method Investments	290		(33)		460		1,595
Pre-Tax Income (Loss)	35,050		22,550		51,895		12,880
Identifiable Segment Assets	562,690		486,481		562,690		486,481
Investment Management [Member]
Segment Reporting Information [Line Items]
Net Revenues	24,841	[1]	19,333	[1]	44,667	[1]	38,346	[1]
Operating Expenses	20,943		20,065		41,750		39,315
Other Expenses	596	[2]	656	[2]	1,346	[2]	1,264	[2]
Operating Income (Loss)	3,302		(1,388)		1,571		(2,233)
Income (Loss) from Equity Method Investments	725		752		1,311		1,509
Pre-Tax Income (Loss)	4,027		(636)		2,882		(724)
Identifiable Segment Assets	$ 470,273		$ 487,377		$ 470,273		$ 487,377

[1] Net revenues include Other Revenue, net, allocated to the segments as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, 2013 2012 2013 2012Investment Banking (A)$(849) $(1,262) $(636) $(1,972)Investment Management (B)(897) (703) (2,610) (1,454)Total Other Revenue, net$(1,746) $(1,965) $(3,246) $(3,426) (A)Investment Banking Other Revenue, net, includes interest expense on the Senior Notes of $1,095 and $2,183 for the three and six months ended June 30, 2013, respectively, and $1,075 and $2,145 for the three and six months ended June 30, 2012, respectively.(B)Investment Management Other Revenue, net, includes interest expense on the Senior Notes of $924 and $1,843 for the three and six months ended June 30, 2013, respectively, and $909 and $1,813 for the three and six months ended June 30, 2012, respectively.

[2] Other Expenses are as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, 2013 2012 2013 2012Investment Banking Amortization of LP Units and Certain Other Awards$4,300 $4,495 $9,209 $8,711Acquisition Related Compensation Charges5,156 6,352 10,102 15,997Special Charges— 662 — 662Intangible Asset Amortization— 389 — 2,635Total Investment Banking9,456 11,898 19,311 28,005Investment Management Amortization of LP Units and Certain Other Awards514 574 1,182 1,100Intangible Asset Amortization82 82 164 164Total Investment Management596 656 1,346 1,264Total Other Expenses$10,052 $12,554 $20,657 $29,269

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Scheduled Maturities of Available-for-Sale Debt Securities (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Investments, Debt and Equity Securities [Abstract]
Due within one year, amortized cost	$ 409	$ 658
Due after one year through five years, amortized cost	1,894	1,415
Due after five years through 10 years, amortized cost	600	347
Total, amortized cost	2,903	2,420
Due within one year, fair value	410	659
Due after one year through five years, fair value	1,902	1,437
Due after five years through 10 years, fair value	601	346
Total, fair value	$ 2,913	$ 2,442

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Marketable Securities (Tables)

6 Months Ended

Jun. 30, 2013

Investments, Debt and Equity Securities [Abstract]

Unrealized Gain (Loss) on Investments

The amortized cost and estimated fair value of the Company’s Marketable Securities as of June 30, 2013 and December 31, 2012 were as follows:

	June 30, 2013								December 31, 2012
	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Securities Investments	$	12,662	$	608	$	23	$	13,247	$	10,172	$	1,428	$	20	$	11,580
Debt Securities Carried by EGL	14,762		55		36		14,781		13,522		97		—		13,619
Mutual Funds	7,742		716		94		8,364		10,946		412		12		11,346
Total	$	35,166	$	1,379	$	153	$	36,392	$	34,640	$	1,937	$	32	$	36,545

Investments Classified by Contractual Maturity Date

Scheduled maturities of the Company’s available-for-sale debt securities within the Securities Investments portfolio as of June 30, 2013 and December 31, 2012 were as follows:

	June 30, 2013				December 31, 2012
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due within one year	$	409	$	410	$	658	$	659
Due after one year through five years	1,894		1,902		1,415		1,437
Due after five years through 10 years	600		601		347		346
Total	$	2,903	$	2,913	$	2,420	$	2,442

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Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2013

Accounting Policies [Abstract]

Basis of Accounting

Basis of Presentation – The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with the instructions to Form 10-Q. As permitted by the rules and regulations of the United States Securities and Exchange Commission, the unaudited condensed consolidated financial statements contain certain condensed financial information and exclude certain footnote disclosures normally included in audited consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The accompanying condensed consolidated financial statements are unaudited and are prepared in accordance with U.S. GAAP. In the opinion of the Company’s management, the accompanying unaudited condensed consolidated financial statements contain all adjustments, including normal recurring accruals, necessary to fairly present the accompanying unaudited condensed consolidated financial statements. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in the Company’s annual report on Form 10-K for the year ended December 31, 2012. The December 31, 2012 Unaudited Condensed Consolidated Statement of Financial Condition data was derived from audited consolidated financial statements, but does not include all disclosures required by U.S. GAAP. Operating results for the interim periods are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2013.

The unaudited condensed consolidated financial statements of the Company are comprised of the consolidation of Evercore LP and Evercore LP’s wholly-owned and majority-owned direct and indirect subsidiaries, including Evercore Group L.L.C. (“EGL”), a registered broker-dealer in the U.S. The Company’s policy is to consolidate all subsidiaries in which it has a controlling financial interest, as well as any variable interest entities (“VIEs”) where the Company is deemed to be the primary beneficiary, when it has the power to make the decisions that most significantly affect the economic performance of the VIE and has the obligation to absorb significant losses or the right to receive benefits that could potentially be significant to the VIE, except for certain VIEs that qualify for accounting purposes as investment companies. The Company reviews factors, including the rights of the equity holders and obligations of equity holders to absorb losses or receive expected residual returns, to determine if the investment is a VIE. In evaluating whether the Company is the primary beneficiary, the Company evaluates its economic interests in the entity held either directly or indirectly by the Company. The consolidation analysis is generally performed qualitatively. This analysis, which requires judgment, is performed at each reporting date.

In February 2010, Accounting Standards Update (“ASU”) No. 2010-10, “Amendments for Certain Investment Funds”, was issued. This ASU defers the application of the revised consolidation rules for a reporting entity’s interest in an entity if certain conditions are met, including if the entity has the attributes of an investment company and is not a securitization or asset-backed financing entity. An entity that qualifies for the deferral will continue to be assessed for consolidation under the overall guidance on VIEs, before its amendment, and other applicable consolidation guidance. Generally, the Company would consolidate those entities when it absorbs a majority of the expected losses or a majority of the expected residual returns, or both, of the entities.

For entities that the Company has concluded are not VIEs, the Company then evaluates whether the fund is a partnership or similar entity. If the fund is a partnership or similar entity, the Company evaluates the fund under the partnership consolidation guidance. Pursuant to that guidance, the Company consolidates funds in which it is the general partner and/or manages through a contract, unless presumption of control by the Company can be overcome. This presumption is overcome only when unrelated investors in the fund have the substantive ability to liquidate the fund or otherwise remove the Company as the general partner without cause, based on a simple majority vote of unaffiliated investors, or have other substantive participating rights. If the presumption of control can be overcome, the Company accounts for its interest in the fund pursuant to the equity method of accounting.

All intercompany balances and transactions with the Company’s subsidiaries have been eliminated upon consolidation.

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Issuance of Notes Payable and Warrants - Additional Information (Detail) (USD $) In Thousands, except Per Share data, unless otherwise specified			6 Months Ended	1 Months Ended	6 Months Ended	1 Months Ended
	Jun. 30, 2013 Class A [Member]	Dec. 31, 2012 Class A [Member]	Jun. 30, 2013 Class A [Member] Maximum [Member]	Aug. 21, 2008 Senior Notes [Member]	Jun. 30, 2013 Senior Notes [Member]	Aug. 21, 2008 Warrant [Member] Class A [Member]
Issuance Of Notes Payable And Warrants [Line Items]
Principal amount of senior notes				$ 120,000
Principal amount of senior notes due, year				2020
Senior Notes coupon interest (as a percent)				5.20%
Number of warrnats to purchase Class A shares, warrants (in shares)						5,455
Class A Common stock par value (in dollars per share)	$ 0.01	$ 0.01				$ 0.01
Class A Shares purchase price per share (in dollars per share)						$ 22.00
Senior notes effective yield (as a percent)					7.94%
Event of default under the indenture accreted amount due and payable (as a percent)					33.33%
Maximum percent of aggregate principal amount of senior notes owned by holder or group of affiliates for transfer (as a percent)					15.00%
Maximum percent of voting securities and total shares of class A common stock owned by holder or group of affiliates for warrant transfer (as a percent)	2.00%
Percent of outstanding shares of common stock owned by holder or group of affiliates for warrant transfer (as a percent)			25.00%

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Acquisition and Transition Costs, Intangible Asset Amortization and Special Charges - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Business Acquisition [Line Items]
Acquisition and Transition Costs	$ 0	$ 75	$ 58	$ 148
Special Charges	0	662	0	662
Investment Banking [Member]
Business Acquisition [Line Items]
Finite lived intangible assets, amortization expenses	204	594	408	3,043
Special Charges	0	662	0	662
Investment Management [Member]
Business Acquisition [Line Items]
Finite lived intangible assets, amortization expenses	$ 1,851	$ 1,674	$ 3,641	$ 3,349

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Summary of Assets, Liabilities and Collateral Received or Pledged (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Financial Instruments Owned and Pledged as Collateral [Line Items]
Financial Instruments Owned and Pledged as Collateral at Fair Value	$ 78,887	$ 120,594
Securities Purchased Under Agreements to Resell	3,879	0
Securities Sold Under Agreements to Repurchase	(82,930)	(120,787)
Asset (Liability) Balance [Member]
Financial Instruments Owned and Pledged as Collateral [Line Items]
Financial Instruments Owned and Pledged as Collateral at Fair Value	78,887	120,594
Securities Purchased Under Agreements to Resell	3,879	0
Total Assets	82,766	120,594
Securities Sold Under Agreements to Repurchase	(82,930)	(120,787)
Market Value Of Collateral Received Or (Pledged) [Member]
Financial Instruments Owned and Pledged as Collateral [Line Items]
Securities Purchased Under Agreements to Resell	3,900	0
Securities Sold Under Agreements to Repurchase	$ (83,060)	$ (121,029)

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Changes In Noncontrolling Interest (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Beginning balance			$ 62,243
Operating income	5,585	4,207	7,994	2,455
Total comprehensive income	5,036	2,536	7,439	2,394
Ending balance	55,592		55,592
Noncontrolling Interest [Member]
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]
Beginning balance			62,243	58,162
Operating income			7,994	2,455
Other comprehensive income (loss)			(555)	(61)
Total comprehensive income			7,439	2,394
Evercore LP Units Purchased or Converted into Class A Common Stock			(13,187)	(1,185)
Amortization and Vesting of LP Units			10,725	10,554
Distributions to Noncontrolling Interests			(10,953)	(7,868)
Fair value of Noncontrolling Interest in Pan			774	0
Issuance of Noncontrolling Interest			3,080	333
Purchase of Noncontrolling Interest			(4,529)	0
Other			0	(618)
Total other items			(14,090)	1,216
Ending balance	$ 55,592	$ 61,772	$ 55,592	$ 61,772

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Noncontrolling Interest (Tables)

6 Months Ended

Jun. 30, 2013

Noncontrolling Interest [Abstract]

Changes In Noncontrolling Interest

Changes in Noncontrolling Interest for the six months endedJune 30, 2013 and 2012 were as follows:

	For the Six Months Ended June 30,
	2013			2012
Beginning balance	$	62,243		$	58,162
Comprehensive income (loss)
Operating income	7,994			2,455
Other comprehensive income (loss)	(555		)	(61		)
Total comprehensive income	7,439			2,394
Other items
Evercore LP Units Purchased or Converted into Class A Common Stock	(13,187		)	(1,185		)
Amortization and Vesting of LP Units	10,725			10,554
Distributions to Noncontrolling Interests	(10,953		)	(7,868		)
Fair value of Noncontrolling Interest in Pan	774			—
Issuance of Noncontrolling Interest	3,080			333
Purchase of Noncontrolling Interest	(4,529		)	—
Other	—			(618		)
Total other items	(14,090		)	1,216
Ending balance	$	55,592		$	61,772

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Investments - Summary of Other Equity Investments (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012	Dec. 31, 2008
Schedule of Equity Method Investments [Line Items]
Other Equity Investments	$ 62,818	$ 69,320
G5 [Member]
Schedule of Equity Method Investments [Line Items]
Other Equity Investments	18,886	19,720
ABS [Member]
Schedule of Equity Method Investments [Line Items]
Other Equity Investments	43,932	46,851
Pan [Member]
Schedule of Equity Method Investments [Line Items]
Other Equity Investments	$ 0	$ 2,749	$ 4,158

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Segment Operating Results

6 Months Ended

Jun. 30, 2013

Segment Reporting [Abstract]

Segment Operating Results

Segment Operating Results

Business Segments – The Company’s business results are categorized into the following two segments: Investment Banking and Investment Management. Investment Banking includes providing advice to clients on significant mergers, acquisitions, divestitures and other strategic corporate transactions as well as services related to securities underwriting, private fund placement services and commissions for agency-based equity trading services and equity research. Investment Management includes advising third-party investors in the Institutional Asset Management, Wealth Management and Private Equity sectors. On December 28, 2012, the Company, through EWM, acquired Mt. Eden Investment Advisors, LLC (“Mt. Eden”), which is included in the Investment Management segment. On March 15, 2013, the Company consolidated its investment in Pan, which is included in the Investment Management segment.

The Company’s segment information for the three and six months endedJune 30, 2013 and 2012 is prepared using the following methodology:

• Revenue, expenses and income (loss) from equity method investments directly associated with each segment are included in determining pre-tax income.

• Expenses not directly associated with specific segments are allocated based on the most relevant measures applicable, including headcount, square footage and other performance and time-based factors.

• Segment assets are based on those directly associated with each segment, or for certain assets shared across segments; those assets are allocated based on the most relevant measures applicable, including headcount and other factors.

• Investment gains and losses, interest income and interest expense are allocated between the segments based on the segment in which the underlying asset or liability is held.

Each segment’s Operating Expenses include: a) employee compensation and benefits expenses that are incurred directly in support of the segment and b) non-compensation expenses, which include expenses for premises and occupancy, professional fees, travel and entertainment, communications and information services, equipment and indirect support costs (including compensation and other operating expenses related thereto) for administrative services. Such administrative services include, but are not limited to, accounting, tax, legal, facilities management and senior management activities. Other Expenses include: a) amortization costs associated with the modification and vesting of LP Units and certain other awards, b) the amortization of intangible assets associated with certain acquisitions, c) special charges incurred in connection with exiting facilities in the UK and d) compensation charges associated with deferred consideration, retention awards and related compensation for Lexicon employees.

The Company evaluates segment results based on net revenue and pre-tax income, both including and excluding the impact of the Other Expenses.

No clients accounted for more than 10% of the Company’s consolidated Net Revenues for the three and six months ended June 30, 2013.

The following information provides a reasonable representation of each segment’s contribution.

	For the Three Months Ended June 30,					For the Six Months Ended June 30,
	2013		2012			2013		2012
Investment Banking
Net Revenues (1)	$	182,605	$	153,164		$	314,201	$	236,949
Operating Expenses	138,389		118,683			243,455		197,659
Other Expenses (2)	9,456		11,898			19,311		28,005
Operating Income	34,760		22,583			51,435		11,285
Income (Loss) from Equity Method Investments	290		(33		)	460		1,595
Pre-Tax Income	$	35,050	$	22,550		$	51,895	$	12,880
Identifiable Segment Assets	$	562,690	$	486,481		$	562,690	$	486,481
Investment Management
Net Revenues (1)	$	24,841	$	19,333		$	44,667	$	38,346
Operating Expenses	20,943		20,065			41,750		39,315
Other Expenses (2)	596		656			1,346		1,264
Operating Income (Loss)	3,302		(1,388		)	1,571		(2,233		)
Income from Equity Method Investments	725		752			1,311		1,509
Pre-Tax Income (Loss)	$	4,027	$	(636	)	$	2,882	$	(724	)
Identifiable Segment Assets	$	470,273	$	487,377		$	470,273	$	487,377
Total
Net Revenues (1)	$	207,446	$	172,497		$	358,868	$	275,295
Operating Expenses	159,332		138,748			285,205		236,974
Other Expenses (2)	10,052		12,554			20,657		29,269
Operating Income	38,062		21,195			53,006		9,052
Income from Equity Method Investments	1,015		719			1,771		3,104
Pre-Tax Income	$	39,077	$	21,914		$	54,777	$	12,156
Identifiable Segment Assets	$	1,032,963	$	973,858		$	1,032,963	$	973,858

(1) Net revenues include Other Revenue, net, allocated to the segments as follows:

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2013			2012			2013			2012
Investment Banking (A)	$	(849	)	$	(1,262	)	$	(636	)	$	(1,972	)
Investment Management (B)	(897		)	(703		)	(2,610		)	(1,454		)
Total Other Revenue, net	$	(1,746	)	$	(1,965	)	$	(3,246	)	$	(3,426	)

(A) Investment Banking Other Revenue, net, includes interest expense on the Senior Notes of $1,095 and $2,183for the three and six months ended June 30, 2013, respectively, and $1,075 and $2,145for the three and six months ended June 30, 2012, respectively.

(B) Investment Management Other Revenue, net, includes interest expense on the Senior Notes of $924 and $1,843for the three and six months ended June 30, 2013, respectively, and $909 and $1,813for the three and six months ended June 30, 2012, respectively.

(2) Other Expenses are as follows:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2013		2012		2013		2012
Investment Banking
Amortization of LP Units and Certain Other Awards	$	4,300	$	4,495	$	9,209	$	8,711
Acquisition Related Compensation Charges	5,156		6,352		10,102		15,997
Special Charges	—		662		—		662
Intangible Asset Amortization	—		389		—		2,635
Total Investment Banking	9,456		11,898		19,311		28,005
Investment Management
Amortization of LP Units and Certain Other Awards	514		574		1,182		1,100
Intangible Asset Amortization	82		82		164		164
Total Investment Management	596		656		1,346		1,264
Total Other Expenses	$	10,052	$	12,554	$	20,657	$	29,269

Geographic Information – The Company manages its business based on the profitability of the enterprise as a whole.

The Company’s revenues were derived from clients and private equity funds located and managed in the following geographical areas:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2013		2012		2013		2012
Net Revenues: (1)
United States	$	157,595	$	131,406	$	248,451	$	201,067
Europe and Other	36,146		35,309		75,617		59,631
Latin America	15,451		7,747		38,046		18,023
Total	$	209,192	$	174,462	$	362,114	$	278,721

(1) Excludes Other Revenue and Interest Expense.

The substantial majority of the Company’s long-lived assets are located in the United States and the United Kingdom.

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Condensed Consolidated Statements of Changes in Equity (USD $) In Thousands, except Share data, unless otherwise specified	Total	Class A [Member]	Additional Paid-In Capital [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Retained Earnings (Deficit) [Member]	Treasury Stock [Member]	Noncontrolling Interest [Member]
Beginning Balance, Value at Dec. 31, 2011	$ 465,826	$ 310	$ 575,122	$ (12,058)	$ (76,703)	$ (79,007)	$ 58,162
Beginning Balance, Shares at Dec. 31, 2011		(31,014,265)				(3,072,958)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	7,021				4,566		2,455
Other Comprehensive Income (Loss)	6			67			(61)
Treasury Stock Purchases, Value	(40,409)					(40,409)
Treasury Stock Purchases, Shares						(1,537,606)
Evercore LP Units Purchased or Converted into Class A Common Stock, Value	701	3	1,883				(1,185)
Evercore LP Units Purchased or Converted into Class A Common Stock, Shares		314,877
Stock-based Compensation Awards, Value	49,267	15	38,698				10,554
Stock-based Compensation Awards, Shares		1,487,759
Shares Issued as Consideration for Acquisitions and Investments, Value	4,027					4,027
Shares Issued as Consideration for Acquisitions and Investments, Shares						155,333
Dividends and Equivalents	(11,678)		2,389		(14,067)
Noncontrolling Interest (Note 12)	(7,363)		790				(8,153)
Ending Balance, Value at Jun. 30, 2012	467,398	328	618,882	(11,991)	(86,204)	(115,389)	61,772
Ending Balance, Shares at Jun. 30, 2012		(32,816,901)				(4,455,231)
Beginning Balance, Value at Dec. 31, 2012	490,749	350	654,275	(9,086)	(77,079)	(139,954)	62,243
Beginning Balance, Shares at Dec. 31, 2012		(35,040,501)				(5,463,515)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	30,389				22,395		7,994
Other Comprehensive Income (Loss)	(2,384)			(1,829)			(555)
Treasury Stock Purchases, Value	(81,108)					(81,108)
Treasury Stock Purchases, Shares						(2,141,121)
Evercore LP Units Purchased or Converted into Class A Common Stock, Value	(3,768)	13	9,406				(13,187)
Evercore LP Units Purchased or Converted into Class A Common Stock, Shares		1,326,127
Stock-based Compensation Awards, Value	66,164	19	55,355			65	10,725
Stock-based Compensation Awards, Shares		1,887,385				2,600
Dividends and Equivalents	(14,121)		3,041		(17,162)
Noncontrolling Interest (Note 12)	(14,111)		(2,483)				(11,628)
Ending Balance, Value at Jun. 30, 2013	$ 471,810	$ 382	$ 719,594	$ (10,915)	$ (71,846)	$ (220,997)	$ 55,592
Ending Balance, Shares at Jun. 30, 2013		(38,254,013)				(7,602,036)

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Organization

6 Months Ended

Jun. 30, 2013

Accounting Policies [Abstract]

Organization

Organization

Evercore Partners Inc. and subsidiaries (the “Company”) is an investment banking and investment management firm, incorporated in Delaware on July 21, 2005 and headquartered in New York, New York. The Company is a holding company which owns a controlling interest in Evercore LP, a Delaware limited partnership (“Evercore LP”). Subsequent to the Company’s initial public offering (“IPO”), the Company became the sole general partner of Evercore LP. The Company operates from its offices in the United States, the United Kingdom, Mexico, Hong Kong, Canada and, through its affiliate Evercore G5 Holdings S.A. (“G5”), in Brazil.

The Investment Banking business includes the advisory business through which the Company provides advice to clients on significant mergers, acquisitions, divestitures and other strategic corporate transactions, with a particular focus on advising prominent multinational corporations and substantial private equity firms on large, complex transactions. The Company also provides restructuring advice to companies in financial transition, as well as to creditors, shareholders and potential acquirers. In addition, the Company provides its clients with capital markets advice, underwrites securities offerings and raises funds for financial sponsors. The Investment Banking business also includes the Institutional Equities business through which the Company offers equity research and agency-based equity securities trading for institutional investors.

The Investment Management business includes the institutional asset management business through which the Company, directly and through affiliates, manages financial assets for sophisticated institutional investors and provides independent fiduciary services to corporate employee benefit plans and high net-worth individuals, the wealth management business through which the Company provides investment advisory and wealth management services for high net-worth individuals and entities, and the private equity business through which the Company, directly and through affiliates, manages private equity funds.

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Acquisition and Transition Costs, Intangible Asset Amortization and Special Charges

6 Months Ended

Jun. 30, 2013

Text Block [Abstract]

Acquisition and Transition Costs, Intangible Asset Amortization and Special Charges

Acquisition and Transition Costs, Intangible Asset Amortization and Special Charges

Acquisition and Transition Costs

The Company recognized $58 for the six months endedJune 30, 2013 and $75 and $148for the three and six months ended June 30, 2012, respectively, as Acquisition and Transition Costs incurred in connection with recent acquisitions and other ongoing business development initiatives. These costs are primarily comprised of professional fees for legal and other services.

Intangible Asset Amortization

Expense associated with the amortization of intangible assets for Investment Banking was $204 and $408for the three and six months ended June 30, 2013, respectively, and $594 and $3,043for the three and six months ended June 30, 2012, respectively, included within Depreciation and Amortization expense on the Unaudited Condensed Consolidated Statements of Operations. Expense associated with the amortization of intangible assets for Investment Management was $1,851 and $3,641for the three and six months ended June 30, 2013, respectively, and $1,674 and $3,349for the three and six months ended June 30, 2012, respectively, included within Depreciation and Amortization expense on the Unaudited Condensed Consolidated Statements of Operations. See Note 8 for Goodwill and Intangible assets acquired as a result of the Company’s consolidation of Evercore Pan-Asset Capital Management ("Pan").

Special Charges

The Company recognized costs of $662 for the three and six months ended June 30, 2012, as Special Charges incurred in connection with exiting facilities in the UK.

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Significant Accounting Policies

6 Months Ended

Jun. 30, 2013

Accounting Policies [Abstract]

Significant Accounting Policies

Significant Accounting Policies

For a complete discussion of the Company’s accounting policies, refer to the Company’s Annual Report on Form 10-K for the year ended December 31, 2012.

Basis of Presentation – The accompanying unaudited condensed consolidated financial statements of the Company have been prepared in accordance with the instructions to Form 10-Q. As permitted by the rules and regulations of the United States Securities and Exchange Commission, the unaudited condensed consolidated financial statements contain certain condensed financial information and exclude certain footnote disclosures normally included in audited consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The accompanying condensed consolidated financial statements are unaudited and are prepared in accordance with U.S. GAAP. In the opinion of the Company’s management, the accompanying unaudited condensed consolidated financial statements contain all adjustments, including normal recurring accruals, necessary to fairly present the accompanying unaudited condensed consolidated financial statements. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in the Company’s annual report on Form 10-K for the year ended December 31, 2012. The December 31, 2012 Unaudited Condensed Consolidated Statement of Financial Condition data was derived from audited consolidated financial statements, but does not include all disclosures required by U.S. GAAP. Operating results for the interim periods are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2013.

The unaudited condensed consolidated financial statements of the Company are comprised of the consolidation of Evercore LP and Evercore LP’s wholly-owned and majority-owned direct and indirect subsidiaries, including Evercore Group L.L.C. (“EGL”), a registered broker-dealer in the U.S. The Company’s policy is to consolidate all subsidiaries in which it has a controlling financial interest, as well as any variable interest entities (“VIEs”) where the Company is deemed to be the primary beneficiary, when it has the power to make the decisions that most significantly affect the economic performance of the VIE and has the obligation to absorb significant losses or the right to receive benefits that could potentially be significant to the VIE, except for certain VIEs that qualify for accounting purposes as investment companies. The Company reviews factors, including the rights of the equity holders and obligations of equity holders to absorb losses or receive expected residual returns, to determine if the investment is a VIE. In evaluating whether the Company is the primary beneficiary, the Company evaluates its economic interests in the entity held either directly or indirectly by the Company. The consolidation analysis is generally performed qualitatively. This analysis, which requires judgment, is performed at each reporting date.

In February 2010, Accounting Standards Update (“ASU”) No. 2010-10, “Amendments for Certain Investment Funds”, was issued. This ASU defers the application of the revised consolidation rules for a reporting entity’s interest in an entity if certain conditions are met, including if the entity has the attributes of an investment company and is not a securitization or asset-backed financing entity. An entity that qualifies for the deferral will continue to be assessed for consolidation under the overall guidance on VIEs, before its amendment, and other applicable consolidation guidance. Generally, the Company would consolidate those entities when it absorbs a majority of the expected losses or a majority of the expected residual returns, or both, of the entities.

For entities that the Company has concluded are not VIEs, the Company then evaluates whether the fund is a partnership or similar entity. If the fund is a partnership or similar entity, the Company evaluates the fund under the partnership consolidation guidance. Pursuant to that guidance, the Company consolidates funds in which it is the general partner and/or manages through a contract, unless presumption of control by the Company can be overcome. This presumption is overcome only when unrelated investors in the fund have the substantive ability to liquidate the fund or otherwise remove the Company as the general partner without cause, based on a simple majority vote of unaffiliated investors, or have other substantive participating rights. If the presumption of control can be overcome, the Company accounts for its interest in the fund pursuant to the equity method of accounting.

All intercompany balances and transactions with the Company’s subsidiaries have been eliminated upon consolidation.

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Investments - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended						3 Months Ended		6 Months Ended			3 Months Ended		6 Months Ended			3 Months Ended	6 Months Ended				6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012	Jun. 30, 2013 EMCP III [Member]	Jun. 30, 2013 Trilantic [Member]	Dec. 31, 2012 Trilantic [Member]	Jun. 30, 2013 G5 [Member]	Jun. 30, 2012 G5 [Member]	Jun. 30, 2013 G5 [Member]	Jun. 30, 2012 G5 [Member]	Dec. 31, 2012 G5 [Member]	Jun. 30, 2013 ABS [Member]	Jun. 30, 2012 ABS [Member]	Jun. 30, 2013 ABS [Member]	Jun. 30, 2012 ABS [Member]	Dec. 31, 2012 ABS [Member]	Jun. 30, 2012 Pan [Member]	Jun. 30, 2013 Pan [Member]	Jun. 30, 2012 Pan [Member]	Dec. 31, 2012 Pan [Member]	Dec. 31, 2008 Pan [Member]	Jun. 30, 2013 Pan [Member] Variable Interest Entity, Primary Beneficiary [Member]	Jun. 30, 2013 EMP III [Member] Variable Interest Entity, Primary Beneficiary [Member]	Jun. 30, 2013 EMP III [Member] EMCP III [Member]	Jun. 30, 2013 Parent [Member] EMCP III [Member]	Jun. 30, 2013 Noncontrolling Interest [Member] EMCP III [Member]
Schedule of Investments [Line Items]
Assets	$ 1,032,963	$ 973,858	$ 1,032,963	$ 973,858	$ 1,145,218																			$ 702	$ 3,663
Liabilities	512,305		512,305		604,742																			518	259
Subscribed capital commitments						201,000
Capital commitment																										10,750	1,000	9,750
Unfunded commitments for capital contributions	10,830		10,830				5,000																			7,375	686
Net realized and unrealized gains (losses) on private equity fund investments, including performance fees	2,073	(301)	2,550	(608)
Previously received carried interest subject to repayment	2,701		2,701
Investments Disclosure							14,999	14,999
Equity method investment (as a percent)									49.00%		49.00%			45.00%		45.00%				68.00%		50.00%
Income from Equity Method Investments	1,015	719	1,771	3,104					247	(93)	184	1,270		768	912	1,642	1,622		(100)	(55)	212
Equity method investment	62,818		62,818		69,320				18,886		18,886		19,720	43,932		43,932		46,851		0		2,749	4,158
Goodwill																								3,020
Intangible assets	32,764		32,764		35,397																			1,440
Intangible assets, useful life																								7 years
Amortization of intangible assets	$ 647	$ 649	$ 1,294	$ 1,396

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Financial Instruments Owned and Pledged as Collateral at Fair Value, Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase (Tables)

6 Months Ended

Jun. 30, 2013

Banking and Thrift [Abstract]

Schedule Of Financial Instruments Owned And Pledged As Collateral Securities Purchased Under Agreements To Resell And Securities Sold Under Agreements To Repurchase

As of June 30, 2013 and December 31, 2012, a summary of the Company’s assets, liabilities and collateral received or pledged related to these transactions is as follows:

	June 30, 2013						December 31, 2012
	Asset (Liability) Balance			Market Value of Collateral Received or (Pledged)			Asset (Liability) Balance			Market Value of Collateral Received or (Pledged)
Assets
Financial Instruments Owned and Pledged as Collateral at Fair Value	$	78,887					$	120,594
Securities Purchased Under Agreements to Resell	3,879			$	3,900		—			$	—
Total Assets	$	82,766					$	120,594
Liabilities
Securities Sold Under Agreements to Repurchase	$	(82,930	)	$	(83,060	)	$	(120,787	)	$	(121,029	)

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Net Income Per Share Attributable to Evercore Partners Inc. Common Shareholders (Tables)

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Schedule Of Basic And Diluted Net Income Per Share

The calculations of basic and diluted net income per share attributable to Evercore Partners Inc. common shareholders for the three and six months endedJune 30, 2013 and 2012 are described and presented below.

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2013			2012			2013			2012
Basic Net Income Per Share Attributable to Evercore Partners Inc. Common Shareholders
Numerator:
Net income attributable to Evercore Partners Inc.	$	16,426		$	7,934		$	22,395		$	4,566
Associated accretion of redemption price of noncontrolling interest in Trilantic (See Note 12)	(21		)	(21		)	(42		)	(42		)
Net income attributable to Evercore Partners Inc. common shareholders	16,405			7,913			22,353			4,524
Denominator:
Weighted average shares of Class A common stock outstanding, including vested restricted stock units (“RSUs”)	31,811			29,213			31,836			29,169
Basic net income per share attributable to Evercore Partners Inc. common shareholders	$	0.52		$	0.27		$	0.70		$	0.16
Diluted Net Income Per Share Attributable to Evercore Partners Inc. Common Shareholders
Numerator:
Net income attributable to Evercore Partners Inc. common shareholders	$	16,405		$	7,913		$	22,353		$	4,524
Noncontrolling interest related to the assumed exchange of LP Units for Class A common shares	(a)			(a)			(a)			(a)
Associated corporate taxes related to the assumed elimination of Noncontrolling Interest described above	(a)			(a)			(a)			(a)
Diluted net income attributable to Class A common shareholders	$	16,405		$	7,913		$	22,353		$	4,524
Denominator:
Weighted average shares of Class A common stock outstanding, including vested RSUs	31,811			29,213			31,836			29,169
Assumed exchange of LP Units for Class A common shares	(a)			(a)			(a)			(a)
Additional shares of the Company’s common stock assumed to be issued pursuant to non-vested RSUs and deferred consideration, as calculated using the Treasury Stock Method	3,332			1,818			3,551			2,012
Assumed conversion of Warrants issued	2,358			633			2,351			925
Diluted weighted average shares of Class A common stock outstanding	37,501			31,664			37,738			32,106
Diluted net income per share attributable to Evercore Partners Inc. common shareholders	$	0.44		$	0.25		$	0.59		$	0.14

(a) During the three and six months ended June 30, 2013 and 2012, the LP Units (which represent the right to receive Class A Shares upon exchange) were antidilutive and consequently the effect of their exchange into Class A Shares has been excluded from the calculation of diluted net income per share attributable to Evercore Partners Inc. common shareholders. The units that would have been included in the computation of diluted net income per share attributable to Evercore Partners Inc. common shareholders if the effect would have been dilutive were 6,680 and 6,734for the three and six months ended June 30, 2013, respectively, and 9,000 and 9,068for the three and six months ended June 30, 2012, respectively.

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Marketable Securities Amortized Cost and Estimated Fair Value of Marketable Securities (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Schedule Of Marketable Securities [Line Items]
Marketable Securities, Cost	$ 35,166	$ 34,640
Marketable Securities, Gross Unrealized Gains	1,379	1,937
Marketable Securities, Gross Unrealized Losses	153	32
Marketable Securities, Fair Value	36,392	36,545
Debt Securities Carried by EGL [Member]
Schedule Of Marketable Securities [Line Items]
Marketable Securities, Cost	14,762	13,522
Marketable Securities, Gross Unrealized Gains	55	97
Marketable Securities, Gross Unrealized Losses	36	0
Marketable Securities, Fair Value	14,781	13,619
Mutual Funds [Member]
Schedule Of Marketable Securities [Line Items]
Marketable Securities, Cost	7,742	10,946
Marketable Securities, Gross Unrealized Gains	716	412
Marketable Securities, Gross Unrealized Losses	94	12
Marketable Securities, Fair Value	8,364	11,346
Available-for-Sale [Member] | Securities Investments [Member]
Schedule Of Marketable Securities [Line Items]
Available-for-Sale, Cost	12,662	10,172
Available-for-Sale, Gross Unrealized Gains	608	1,428
Available-for-Sale, Gross Unrealized Losses	23	20
Available-for-Sale, Fair Value	$ 13,247	$ 11,580

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Income Taxes - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Income Taxes [Line Items]
Provision for income taxes	$ 17,066	$ 9,773	$ 24,388	$ 5,135
Effective tax rate (as a percent)	44.00%	45.00%	45.00%	42.00%
Increase (Decrease) in deferred tax assets associated with changes in unrealized gain (loss) on marketable securities			77
Increase (Decrease) in deferred tax assets associated with changes in foreign currency translation adjustment gain (loss)			1,152
Unrecognized tax benefits	526		526
Unrecognized tax benefits that would affect the effective tax rate	474		474
Unrecognized tax benefits interest and penalties	17		115
Unrecognized tax benefits accrued interest and penalties	132		132
Pan [Member]
Income Taxes [Line Items]
Deferred tax assets	$ 1,360		$ 1,360
Deferred tax assets, valuation allowance (as a percent)	100.00%		100.00%

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Calculations of Basic and Diluted Net Income Per Share Attributable to Evercore Partners Inc. Common Shareholders (Detail) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended				6 Months Ended
	Jun. 30, 2013		Jun. 30, 2012		Jun. 30, 2013		Jun. 30, 2012
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income attributable to Evercore Partners Inc.	$ 16,426		$ 7,934		$ 22,395		$ 4,566
Net income attributable to Evercore Partners Inc. common shareholders	16,405		7,913		22,353		4,524
Weighted average shares of Class A common stock outstanding, including vested restricted stock units (RSUs) (in shares)	31,811		29,213		31,836		29,169
Basic net income per share attributable to Evercore Partners Inc. common shareholders (in dollars per share)	$ 0.52		$ 0.27		$ 0.70		$ 0.16
Diluted weighted average shares of Class A common stock outstanding (in shares)	37,501		31,664		37,738		32,106
Diluted net income per share attributable to Evercore Partners Inc. common shareholders (in dollars per share)	$ 0.44		$ 0.25		$ 0.59		$ 0.14
Earnings Per Share, Basic [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income attributable to Evercore Partners Inc.	16,426		7,934		22,395		4,566
Associated accretion of redemption price of noncontrolling interest in Trilantic (See Note 12)	(21)		(21)		(42)		(42)
Net income attributable to Evercore Partners Inc. common shareholders	16,405		7,913		22,353		4,524
Weighted average shares of Class A common stock outstanding, including vested restricted stock units (RSUs) (in shares)	31,811		29,213		31,836		29,169
Basic net income per share attributable to Evercore Partners Inc. common shareholders (in dollars per share)	$ 0.52		$ 0.27		$ 0.70		$ 0.16
Earnings Per Share, Diluted [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income attributable to Evercore Partners Inc. common shareholders	16,405		7,913		22,353		4,524
Weighted average shares of Class A common stock outstanding, including vested restricted stock units (RSUs) (in shares)	31,811		29,213		31,836		29,169
Noncontrolling Interest Related To Assumed Exchange Of Lp Units For Common Shares		[1]		[1]		[1]		[1]
Associated corporate taxes related to the assumed elimination of Noncontrolling Interest described above		[1]		[1]		[1]		[1]
Diluted net income attributable to Class A common shareholders	16,405		7,913		22,353		4,524
Assumed exchange of LP Units for Class A common shares		[1]		[1]		[1]		[1]
Additional shares of the Company's common stock assumed to be issued pursuant to non-vested RSUs and deferred consideration, as calculated using the Treasury Stock Method (in shares)	3,332		1,818		3,551		2,012
Assumed conversion of Warrants issued (in shares)	2,358		633		2,351		925
Diluted weighted average shares of Class A common stock outstanding (in shares)	37,501		31,664		37,738		32,106
Diluted net income per share attributable to Evercore Partners Inc. common shareholders (in dollars per share)	$ 0.44		$ 0.25		$ 0.59		$ 0.14

[1] During the three and six months ended June 30, 2013 and 2012, the LP Units (which represent the right to receive Class A Shares upon exchange) were antidilutive and consequently the effect of their exchange into Class A Shares has been excluded from the calculation of diluted net income per share attributable to Evercore Partners Inc. common shareholders. The units that would have been included in the computation of diluted net income per share attributable to Evercore Partners Inc. common shareholders if the effect would have been dilutive were 6,680 and 6,734 for the three and six months ended June 30, 2013, respectively, and 9,000 and 9,068 for the three and six months ended June 30, 2012, respectively.

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Carrying Amount and Estimated Fair Value of Financial Instrument Assets and Liabilities which are Not Measured at Fair Value (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents	$ 122,435	$ 234,568
Securities Purchased Under Agreements to Resell	3,879
Accounts Receivable	114,243	89,098
Receivable from Employees and Related Parties	9,111	5,166
Assets Segregated for Bank Regulatory Requirements	10,200	10,200
Accounts Payable and Accrued Expenses	20,968	17,909
Securities Sold Under Agreements to Repurchase	82,930	120,787
Payable to Employees and Related Parties	16,772	12,964
Notes Payable	128,381	136,860
Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents	122,435	234,568
Securities Purchased Under Agreements to Resell	3,879
Accounts Receivable	114,243	89,098
Receivable from Employees and Related Parties	9,111	5,166
Assets Segregated for Bank Regulatory Requirements	10,200	10,200
Accounts Payable and Accrued Expenses	20,968	17,909
Securities Sold Under Agreements to Repurchase	82,930	120,787
Payable to Employees and Related Parties	16,772	12,964
Notes Payable	102,282	101,375
Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents	122,435	234,568
Assets Segregated for Bank Regulatory Requirements	10,200	10,200
Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Securities Purchased Under Agreements to Resell	3,879
Accounts Receivable	114,243	89,098
Receivable from Employees and Related Parties	9,111	5,166
Accounts Payable and Accrued Expenses	20,968	17,909
Securities Sold Under Agreements to Repurchase	82,930	120,787
Payable to Employees and Related Parties	16,772	12,964
Notes Payable	$ 128,381	$ 136,860

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Condensed Consolidated Statements of Financial Condition (Parenthetical) (USD $) In Thousands, except Share data, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Accounts Receivable, allowances	$ 2,087	$ 3,886
Furniture, Equipment and Leasehold Improvements, accumulated depreciation and amortization	22,487	19,880
Intangible Assets, accumulated amortization	$ 24,051	$ 20,002
Treasury Stock at Cost, shares	7,602,036	5,463,515
Class A [Member]
Common Stock, par value	$ 0.01	$ 0.01
Common Stock, shares authorized	1,000,000,000	1,000,000,000
Common Stock, shares issued	38,254,013	35,040,501
Common Stock, shares outstanding	30,651,977	29,576,986
Class B [Member]
Common Stock, par value	$ 0.01	$ 0.01
Common Stock, shares authorized	1,000,000	1,000,000
Common Stock, shares issued	42	43
Common Stock, shares outstanding	42	43

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Financial Instruments Owned and Pledged as Collateral at Fair Value, Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase

6 Months Ended

Jun. 30, 2013

Banking and Thrift [Abstract]

Financial Instruments Owned and Pledged as Collateral at Fair Value, Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase

Financial Instruments Owned and Pledged as Collateral at Fair Value, Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase

The Company, through Evercore Casa de Bolsa, S.A. de C.V. (“ECB”), enters into repurchase agreements with clients seeking overnight money market returns whereby ECB transfers to the clients Mexican government securities in exchange for cash and concurrently agrees to repurchase the securities at a future date for an amount equal to the cash exchanged plus a stipulated premium or interest factor. ECB deploys the cash received from, and acquires the securities deliverable to, clients under these repurchase arrangements by purchasing securities in the open market, which the Company reflects as Financial Instruments Owned and Pledged as Collateral at Fair Value on the Unaudited Condensed Consolidated Statements of Financial Condition, or by entering into reverse repurchase agreements with unrelated third parties. The Company accounts for these repurchase and reverse repurchase agreements as collateralized financing transactions, which are carried at their contract amounts, which approximate fair value given that the contracts generally mature the following business day. The Company records a liability on its Unaudited Condensed Consolidated Statements of Financial Condition in relation to repurchase transactions executed with clients as Securities Sold Under Agreements to Repurchase. The Company records as assets on its Unaudited Condensed Consolidated Statements of Financial Condition, Financial Instruments Owned and Pledged as Collateral at Fair Value (where the Company has acquired the securities deliverable to clients under these repurchase arrangements by purchasing securities in the open market) and Securities Purchased Under Agreements to Resell (where the Company has acquired the securities deliverable to clients under these repurchase agreements by entering into reverse repurchase agreements with unrelated third parties). These Mexican government securities have an estimated average time to maturity of approximately 1.9 years, as of June 30, 2013, and are pledged as collateral against repurchase agreements. Generally, collateral is posted equal to the contract value at inception and is subject to market changes. These repurchase agreements are primarily with institutional customer accounts managed by ECB and permit the counterparty to pledge the securities.

As of June 30, 2013 and December 31, 2012, a summary of the Company’s assets, liabilities and collateral received or pledged related to these transactions is as follows:

	June 30, 2013						December 31, 2012
	Asset (Liability) Balance			Market Value of Collateral Received or (Pledged)			Asset (Liability) Balance			Market Value of Collateral Received or (Pledged)
Assets
Financial Instruments Owned and Pledged as Collateral at Fair Value	$	78,887					$	120,594
Securities Purchased Under Agreements to Resell	3,879			$	3,900		—			$	—
Total Assets	$	82,766					$	120,594
Liabilities
Securities Sold Under Agreements to Repurchase	$	(82,930	)	$	(83,060	)	$	(120,787	)	$	(121,029	)

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Condensed Consolidated Statements of Comprehensive Income (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Statement of Other Comprehensive Income [Abstract]
Net Income	$ 22,011	$ 12,141	$ 30,389	$ 7,021
Other Comprehensive Income (Loss), net of tax:
Unrealized Gain (Loss) on Marketable Securities, net	(662)	(1,041)	(205)	(2)
Foreign Currency Translation Adjustment Gain (Loss), net	(1,698)	(4,314)	(2,179)	8
Other Comprehensive Income (Loss)	(2,360)	(5,355)	(2,384)	6
Comprehensive Income	19,651	6,786	28,005	7,027
Comprehensive Income Attributable to Noncontrolling Interest	5,036	2,536	7,439	2,394
Comprehensive Income Attributable to Evercore Partners Inc.	$ 14,615	$ 4,250	$ 20,566	$ 4,633

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Segment Operating Results (Parenthetical) (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended				6 Months Ended
	Jun. 30, 2013		Jun. 30, 2012		Jun. 30, 2013		Jun. 30, 2012
Segment Reporting Information [Line Items]
Total Other Revenue, net	$ (1,746)		$ (1,965)		$ (3,246)		$ (3,426)
Special Charges	0		662		0		662
Total Other Expenses	10,052	[1]	12,554	[1]	20,657	[1]	29,269	[1]
Investment Banking [Member]
Segment Reporting Information [Line Items]
Total Other Revenue, net	(849)	[2]	(1,262)	[2]	(636)	[2]	(1,972)	[2]
Interest expense on Senior Notes	1,095		1,075		2,183		2,145
Amortization of LP Units and Certain Other Awards	4,300		4,495		9,209		8,711
Acquisition Related Compensation Charges	5,156		6,352		10,102		15,997
Special Charges	0		662		0		662
Intangible Asset Amortization	0		389		0		2,635
Total Investment Banking	9,456	[1]	11,898	[1]	19,311	[1]	28,005	[1]
Investment Management [Member]
Segment Reporting Information [Line Items]
Total Other Revenue, net	(897)	[3]	(703)	[3]	(2,610)	[3]	(1,454)	[3]
Interest expense on Senior Notes	924		909		1,843		1,813
Amortization of LP Units and Certain Other Awards	514		574		1,182		1,100
Intangible Asset Amortization	82		82		164		164
Total Investment Management	$ 596	[1]	$ 656	[1]	$ 1,346	[1]	$ 1,264	[1]

[1] Other Expenses are as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, 2013 2012 2013 2012Investment Banking Amortization of LP Units and Certain Other Awards$4,300 $4,495 $9,209 $8,711Acquisition Related Compensation Charges5,156 6,352 10,102 15,997Special Charges— 662 — 662Intangible Asset Amortization— 389 — 2,635Total Investment Banking9,456 11,898 19,311 28,005Investment Management Amortization of LP Units and Certain Other Awards514 574 1,182 1,100Intangible Asset Amortization82 82 164 164Total Investment Management596 656 1,346 1,264Total Other Expenses$10,052 $12,554 $20,657 $29,269

[2] Investment Banking Other Revenue, net, includes interest expense on the Senior Notes of $1,095 and $2,183 for the three and six months ended June 30, 2013, respectively, and $1,075 and $2,145 for the three and six months ended June 30, 2012, respectively.

[3] Investment Management Other Revenue, net, includes interest expense on the Senior Notes of $924 and $1,843 for the three and six months ended June 30, 2013, respectively, and $909 and $1,813 for the three and six months ended June 30, 2012, respectively.

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Condensed Consolidated Statements of Financial Condition (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Current Assets
Cash and Cash Equivalents	$ 147,435	$ 259,431
Marketable Securities	36,392	36,545
Financial Instruments Owned and Pledged as Collateral at Fair Value	78,887	120,594
Securities Purchased Under Agreements to Resell	3,879	0
Accounts Receivable (net of allowances of $2,087 and $3,886 at June 30, 2013 and December 31, 2012, respectively)	114,243	89,098
Receivable from Employees and Related Parties	9,111	5,166
Deferred Tax Assets - Current	10,769	9,214
Other Current Assets	7,659	6,699
Total Current Assets	408,375	526,747
Investments	108,523	110,897
Deferred Tax Assets - Non-Current	240,840	229,449
Furniture, Equipment and Leasehold Improvements (net of accumulated depreciation and amortization of $22,487 and $19,880 at June 30, 2013 and December 31, 2012, respectively)	27,855	29,777
Goodwill	189,033	188,684
Intangible Assets (net of accumulated amortization of $24,051 and $20,002 at June 30, 2013 and December 31, 2012, respectively)	32,764	35,397
Assets Segregated for Bank Regulatory Requirements	10,200	10,200
Other Assets	15,373	14,067
Total Assets	1,032,963	1,145,218
Current Liabilities
Accrued Compensation and Benefits	76,740	138,187
Accounts Payable and Accrued Expenses	20,968	17,909
Securities Sold Under Agreements to Repurchase	82,930	120,787
Payable to Employees and Related Parties	16,772	12,964
Taxes Payable	8,425	20,304
Other Current Liabilities	15,982	10,755
Total Current Liabilities	221,817	320,906
Notes Payable	102,282	101,375
Amounts Due Pursuant to Tax Receivable Agreements	169,216	165,350
Other Long-term Liabilities	18,990	17,111
Total Liabilities	512,305	604,742
Commitments and Contingencies (Note 15)
Redeemable Noncontrolling Interest	48,848	49,727
Evercore Partners Inc. Stockholders’ Equity
Additional Paid-In-Capital	719,594	654,275
Accumulated Other Comprehensive Income (Loss)	(10,915)	(9,086)
Retained Earnings (Deficit)	(71,846)	(77,079)
Treasury Stock at Cost (7,602,036 and 5,463,515 shares at June 30, 2013 and December 31, 2012, respectively)	(220,997)	(139,954)
Total Evercore Partners Inc. Stockholders’ Equity	416,218	428,506
Noncontrolling Interest	55,592	62,243
Total Equity	471,810	490,749
Total Liabilities and Equity	1,032,963	1,145,218
Class A [Member]
Evercore Partners Inc. Stockholders’ Equity
Common Stock	382	350
Class B [Member]
Evercore Partners Inc. Stockholders’ Equity
Common Stock	$ 0	$ 0

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Calculations of Basic and Diluted Net Income Per Share Attributable to Evercore Partners Inc. Common Shareholders (Parenthetical) (Detail) (LP Units [Member]) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
LP Units [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from computation of earnings per share	6,680	9,000	6,734	9,068

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Investments (Tables)

6 Months Ended

Jun. 30, 2013

Private Equity Fund [Member]

Schedule of Equity Method Investments

A summary of the Company’s investment in the private equity funds as of June 30, 2013 and December 31, 2012 was as follows:

	June 30, 2013		December 31, 2012
ECP II	$	3,332	$	3,793
Discovery Fund	4,594		3,060
EMCP II	11,474		10,400
EMCP III	3,419		1,696
CSI Capital	3,210		3,056
Trilantic IV	4,677		4,573
Total Private Equity Funds	$	30,706	$	26,578

Other Equity Method Investments [Member]

Schedule of Equity Method Investments

A summary of the Company’s other equity investments as of June 30, 2013 and December 31, 2012 was as follows:

	June 30, 2013		December 31, 2012
G5	$	18,886	$	19,720
ABS	43,932		46,851
Pan	—		2,749
Total	$	62,818	$	69,320

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Regulatory Authorities

6 Months Ended

Jun. 30, 2013

Banking and Thrift [Abstract]

Regulatory Authorities

Regulatory Authorities

EGL is a U.S. registered broker-dealer and is subject to the net capital requirements of Rule 15c3-1 under the Securities Exchange Act of 1934 as amended (the “Exchange Act”). In the second quarter of 2013, the Company made the election to compute its minimum net capital requirement in accordance with the Alternative Net Capital Requirement, as permitted by Rule 15c3-1. Under the Alternative Net Capital Requirement, EGL's minimum net capital requirement is $250. EGL’s regulatory net capital as of June 30, 2013 and December 31, 2012 was $26,251 and $31,281, respectively, which exceeded the minimum net capital requirement by $26,001 and $27,871, respectively. Certain other non-U.S. subsidiaries are subject to various securities and banking regulations and capital adequacy requirements promulgated by the regulatory and exchange authorities of the countries in which they operate. These subsidiaries are in excess of their local capital adequacy requirements at June 30, 2013.

ETC, which is limited to fiduciary activities, is regulated by the OCC and is a member bank of the Federal Reserve System. The Company, Evercore LP and ETC are subject to written agreements with the OCC that, among other things, require the Company and Evercore LP to (1) maintain at least $5,000 in Tier 1 capital in ETC (or such other amount as the OCC may require), (2) maintain liquid assets in ETC in an amount at least equal to the greater of $3,500 or 90 days coverage of ETC’s operating expenses and (3) provide at least $10,000 of certain collateral held in a segregated account at a third-party depository institution. The collateral is included in Assets Segregated for Bank Regulatory Requirements on the Unaudited Condensed Consolidated Statements of Financial Condition. The Company was in compliance with the aforementioned agreements as of June 30, 2013.

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Categorization of Investments and Certain Other Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013		Dec. 31, 2012
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured At Fair Value	$ 140,279		$ 182,002
Cash and Cash Equivalents	122,435		234,568
Corporate Bonds, Municipal Bonds and Other Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured At Fair Value	33,781	[1]	38,482	[1]
Securities Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured At Fair Value	19,247	[1]	11,580
Mutual Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured At Fair Value	8,364		11,346
Financial Instruments Owned and Pledged as Collateral at Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured At Fair Value	78,887		120,594
Treasury Bills, Municipal Bonds and Commercial Paper [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents	25,000		24,863
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured At Fair Value	101,716		141,078
Cash and Cash Equivalents	122,435		234,568
Level 1 [Member] | Securities Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured At Fair Value	14,465		9,138
Level 1 [Member] | Mutual Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured At Fair Value	8,364		11,346
Level 1 [Member] | Financial Instruments Owned and Pledged as Collateral at Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured At Fair Value	78,887		120,594
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured At Fair Value	38,563		40,924
Level 2 [Member] | Corporate Bonds, Municipal Bonds and Other Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured At Fair Value	33,781		38,482
Level 2 [Member] | Securities Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total Assets Measured At Fair Value	$ 4,782		$ 2,442

[1] Includes $25,000 and $24,863 of treasury bills, municipal bonds and commercial paper classified within Cash and Cash Equivalents on the Unaudited Condensed Consolidated Statements of Financial Condition as of June 30, 2013 and December 31, 2012, respectively.

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Regulatory Authorities - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified			6 Months Ended
	Jun. 30, 2013 EGL [Member]	Dec. 31, 2012 EGL [Member]	Jun. 30, 2013 Evercore Trust Company [Member] D
Regulatory Authorities [Line Items]
Alternative Net Capital Requirement	$ 250
Net Capital	26,251	31,281
Alternative Excess Net Capital	26,001
Regulatory net capital exceeding minimum net capital requirement		27,871
Tier 1 capital			5,000
Minimum liquid assets, amount			3,500
Coverage of operating expenses (in days)			90
Collateral held in a segregated account at a third-party depository institution			$ 10,000

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Financial Instruments Owned and Pledged as Collateral at Fair Value, Securities Purchased Under Agreements to Resell and Securities Sold Under Agreements to Repurchase - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2013
Banking and Thrift [Abstract]
Securities Average Estimated Maturity Period (in years)	1 year 10 months 24 days

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Related Parties - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013 Investment Management [Member]	Jun. 30, 2012 Investment Management [Member]	Jun. 30, 2013 Investment Management [Member]	Jun. 30, 2012 Investment Management [Member]	Jun. 30, 2013 Director [Member]	Jun. 30, 2013 Other Assets [Member]	Dec. 31, 2012 Other Assets [Member]
Related Party Transaction [Line Items]
Revenue from related parties	$ 4,983	$ 993	$ 7,135	$ 1,987	$ 10,750
Receivables from certain employees						$ 4,017	$ 1,546

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Marketable Securities - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Securities Investments [Member]
Schedule Of Marketable Securities [Line Items]
Marketable Securities, Realized Gain (Loss)	$ (286)	$ (15)	$ (189)	$ (18)
Debt Securities Carried by EGL [Member]
Schedule Of Marketable Securities [Line Items]
Marketable Securities, Gain (Loss)	(122)	(150)	(133)	(406)
Mutual Funds [Member]
Schedule Of Marketable Securities [Line Items]
Marketable Securities, Gain (Loss)	$ (136)	$ (130)	$ 461	$ 454

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Marketable Securities

6 Months Ended

Jun. 30, 2013

Investments, Debt and Equity Securities [Abstract]

Marketable Securities

Marketable Securities

The amortized cost and estimated fair value of the Company’s Marketable Securities as of June 30, 2013 and December 31, 2012 were as follows:

	June 30, 2013								December 31, 2012
	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value
Securities Investments	$	12,662	$	608	$	23	$	13,247	$	10,172	$	1,428	$	20	$	11,580
Debt Securities Carried by EGL	14,762		55		36		14,781		13,522		97		—		13,619
Mutual Funds	7,742		716		94		8,364		10,946		412		12		11,346
Total	$	35,166	$	1,379	$	153	$	36,392	$	34,640	$	1,937	$	32	$	36,545

Scheduled maturities of the Company’s available-for-sale debt securities within the Securities Investments portfolio as of June 30, 2013 and December 31, 2012 were as follows:

	June 30, 2013				December 31, 2012
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
Due within one year	$	409	$	410	$	658	$	659
Due after one year through five years	1,894		1,902		1,415		1,437
Due after five years through 10 years	600		601		347		346
Total	$	2,903	$	2,913	$	2,420	$	2,442

Securities Investments

Securities Investments include seed capital and other equity and debt securities, which are classified as available-for-sale securities within Marketable Securities on the Unaudited Condensed Consolidated Statements of Financial Condition. These securities are stated at fair value with unrealized gains and losses included in Accumulated Other Comprehensive Income (Loss) and realized gains and losses included in earnings. The Company had realized gains (losses) of ($286) and ($189)for the three and six months ended June 30, 2013, respectively, and ($15) and ($18)for the three and six months ended June 30, 2012, respectively.

Debt Securities Carried by EGL

EGL invests in a fixed income portfolio consisting primarily of municipal bonds. These securities are carried at fair value, with changes in fair value recorded in Other Revenue, Including Interest, on the Unaudited Condensed Consolidated Statements of Operations, as required for broker-dealers in securities. The Company had net realized and unrealized gains (losses) of ($122) and ($133)for the three and six months ended June 30, 2013, respectively, and ($150) and ($406)for the three and six months ended June 30, 2012, respectively.

Mutual Funds

The Company invests in a portfolio of mutual funds as an economic hedge against the Company’s deferred compensation program. See Note 14 for further information. These securities are carried at fair value, with changes in fair value recorded in Other Revenue, Including Interest, on the Unaudited Condensed Consolidated Statements of Operations. The Company had net realized and unrealized gains (losses) of ($136) and $461for the three and six months ended June 30, 2013, respectively, and ($130) and $454for the three and six months ended June 30, 2012, respectively.

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Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2013

Fair Value Disclosures [Abstract]

Categorization of Investments and Assets and Liabilities Measured at Fair Value on Recurring Basis

The following table presents the categorization of investments and certain other financial assets measured at fair value on a recurring basis as of June 30, 2013 and December 31, 2012:

	June 30, 2013
	Level I		Level II		Level III		Total
Corporate Bonds, Municipal Bonds and Other Debt Securities (1)	$	—	$	33,781	$	—	$	33,781
Securities Investments (1)	14,465		4,782		—		19,247
Mutual Funds	8,364		—		—		8,364
Financial Instruments Owned and Pledged as Collateral at Fair Value	78,887		—		—		78,887
Total Assets Measured At Fair Value	$	101,716	$	38,563	$	—	$	140,279
	December 31, 2012
	Level I		Level II		Level III		Total
Corporate Bonds, Municipal Bonds and Other Debt Securities (1)	$	—	$	38,482	$	—	$	38,482
Securities Investments	9,138		2,442		—		11,580
Mutual Funds	11,346		—		—		11,346
Financial Instruments Owned and Pledged as Collateral at Fair Value	120,594		—		—		120,594
Total Assets Measured At Fair Value	$	141,078	$	40,924	$	—	$	182,002

(1) Includes $25,000 and $24,863 of treasury bills, municipal bonds and commercial paper classified within Cash and Cash Equivalents on the Unaudited Condensed Consolidated Statements of Financial Condition as of June 30, 2013 and December 31, 2012, respectively.

Carrying Amount and Estimated Fair Value of Financial Instrument Assets and Liabilities which are Not Measured at Fair Value

The carrying amount and estimated fair value of the Company’s financial instrument assets and liabilities which are not measured at fair value on the Unaudited Condensed Consolidated Statements of Financial Condition are listed in the tables below.

			June 30, 2013
	Carrying		Estimated Fair Value
	Amount		Level I		Level II		Level III		Total
Financial Assets:
Cash and Cash Equivalents	$	122,435	$	122,435	$	—	$	—	$	122,435
Securities Purchased Under Agreements to Resell	3,879		—		3,879		—		3,879
Accounts Receivable	114,243		—		114,243		—		114,243
Receivable from Employees and Related Parties	9,111		—		9,111		—		9,111
Assets Segregated for Bank Regulatory Requirements	10,200		10,200		—		—		10,200
Financial Liabilities:
Accounts Payable and Accrued Expenses	$	20,968	$	—	$	20,968	$	—	$	20,968
Securities Sold Under Agreements to Repurchase	82,930		—		82,930		—		82,930
Payable to Employees and Related Parties	16,772		—		16,772		—		16,772
Notes Payable	102,282		—		128,381		—		128,381
			December 31, 2012
	Carrying		Estimated Fair Value
	Amount		Level I		Level II		Level III		Total
Financial Assets:
Cash and Cash Equivalents	$	234,568	$	234,568	$	—	$	—	$	234,568
Accounts Receivable	89,098		—		89,098		—		89,098
Receivable from Employees and Related Parties	5,166		—		5,166		—		5,166
Assets Segregated for Bank Regulatory Requirements	10,200		10,200		—		—		10,200
Financial Liabilities:
Accounts Payable and Accrued Expenses	$	17,909	$	—	$	17,909	$	—	$	17,909
Securities Sold Under Agreements to Repurchase	120,787		—		120,787		—		120,787
Payable to Employees and Related Parties	12,964		—		12,964		—		12,964
Notes Payable	101,375		—		136,860		—		136,860

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Investments - Summary of Investment in Private Equity Funds (Detail) (USD $) In Thousands, unless otherwise specified	Jun. 30, 2013	Dec. 31, 2012
Schedule of Equity Method Investments [Line Items]
Total Private Equity Funds	$ 62,818	$ 69,320
Private Equity Funds [Member]
Schedule of Equity Method Investments [Line Items]
Total Private Equity Funds	30,706	26,578
ECP II [Member] | Private Equity Funds [Member]
Schedule of Equity Method Investments [Line Items]
Total Private Equity Funds	3,332	3,793
Discovery Fund [Member] | Private Equity Funds [Member]
Schedule of Equity Method Investments [Line Items]
Total Private Equity Funds	4,594	3,060
EMCP II [Member] | Private Equity Funds [Member]
Schedule of Equity Method Investments [Line Items]
Total Private Equity Funds	11,474	10,400
EMCP III [Member] | Private Equity Funds [Member]
Schedule of Equity Method Investments [Line Items]
Total Private Equity Funds	3,419	1,696
CSI Capital [Member] | Private Equity Funds [Member]
Schedule of Equity Method Investments [Line Items]
Total Private Equity Funds	3,210	3,056
Trilantic IV [Member] | Private Equity Funds [Member]
Schedule of Equity Method Investments [Line Items]
Total Private Equity Funds	$ 4,677	$ 4,573

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Fair Value Measurements

6 Months Ended

Jun. 30, 2013

Fair Value Disclosures [Abstract]

Fair Value Measurements

Fair Value Measurements

ASC 820, “Fair Value Measurements and Disclosures” (“ASC 820”) establishes a hierarchal disclosure framework which prioritizes and ranks the level of market price observability used in measuring investments at fair value. Market price observability is affected by a number of factors, including the type of investment and the characteristics specific to the investment. Investments with readily-available active quoted prices or for which fair value can be measured from actively quoted prices generally will have a higher degree of market price observability and a lesser degree of judgment used in measuring fair value.

Investments measured and reported at fair value are classified and disclosed in one of the following categories:

Level I – Quoted prices are available in active markets for identical investments as of the reporting date. The type of investments included in Level I include listed equities and listed derivatives. As required by ASC 820, the Company does not adjust the quoted price for these investments, even in situations where the Company holds a large position and a sale could reasonably impact the quoted price.

Level II – Pricing inputs are other than quoted prices in active markets, which are either directly or indirectly observable as of the reporting date, and fair value is determined through the use of models or other valuation methodologies. The estimated fair values of the Corporate Bonds, Municipal Bonds, Other Debt Securities and Securities Investments held at June 30, 2013 and December 31, 2012 are based on quoted market prices provided by external pricing services.

Level III – Pricing inputs are unobservable for the investment and includes situations where there is little, if any, market activity for the investment. The inputs into the determination of fair value require significant management judgment or estimation.

The following table presents the categorization of investments and certain other financial assets measured at fair value on a recurring basis as of June 30, 2013 and December 31, 2012:

	June 30, 2013
	Level I		Level II		Level III		Total
Corporate Bonds, Municipal Bonds and Other Debt Securities (1)	$	—	$	33,781	$	—	$	33,781
Securities Investments (1)	14,465		4,782		—		19,247
Mutual Funds	8,364		—		—		8,364
Financial Instruments Owned and Pledged as Collateral at Fair Value	78,887		—		—		78,887
Total Assets Measured At Fair Value	$	101,716	$	38,563	$	—	$	140,279
	December 31, 2012
	Level I		Level II		Level III		Total
Corporate Bonds, Municipal Bonds and Other Debt Securities (1)	$	—	$	38,482	$	—	$	38,482
Securities Investments	9,138		2,442		—		11,580
Mutual Funds	11,346		—		—		11,346
Financial Instruments Owned and Pledged as Collateral at Fair Value	120,594		—		—		120,594
Total Assets Measured At Fair Value	$	141,078	$	40,924	$	—	$	182,002

(1) Includes $25,000 and $24,863 of treasury bills, municipal bonds and commercial paper classified within Cash and Cash Equivalents on the Unaudited Condensed Consolidated Statements of Financial Condition as of June 30, 2013 and December 31, 2012, respectively.

In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the investment.

The Company had no transfers between fair value levels during the three and six months ended June 30, 2013 or the year ended December 31, 2012.

The carrying amount and estimated fair value of the Company’s financial instrument assets and liabilities which are not measured at fair value on the Unaudited Condensed Consolidated Statements of Financial Condition are listed in the tables below.

			June 30, 2013
	Carrying		Estimated Fair Value
	Amount		Level I		Level II		Level III		Total
Financial Assets:
Cash and Cash Equivalents	$	122,435	$	122,435	$	—	$	—	$	122,435
Securities Purchased Under Agreements to Resell	3,879		—		3,879		—		3,879
Accounts Receivable	114,243		—		114,243		—		114,243
Receivable from Employees and Related Parties	9,111		—		9,111		—		9,111
Assets Segregated for Bank Regulatory Requirements	10,200		10,200		—		—		10,200
Financial Liabilities:
Accounts Payable and Accrued Expenses	$	20,968	$	—	$	20,968	$	—	$	20,968
Securities Sold Under Agreements to Repurchase	82,930		—		82,930		—		82,930
Payable to Employees and Related Parties	16,772		—		16,772		—		16,772
Notes Payable	102,282		—		128,381		—		128,381
			December 31, 2012
	Carrying		Estimated Fair Value
	Amount		Level I		Level II		Level III		Total
Financial Assets:
Cash and Cash Equivalents	$	234,568	$	234,568	$	—	$	—	$	234,568
Accounts Receivable	89,098		—		89,098		—		89,098
Receivable from Employees and Related Parties	5,166		—		5,166		—		5,166
Assets Segregated for Bank Regulatory Requirements	10,200		10,200		—		—		10,200
Financial Liabilities:
Accounts Payable and Accrued Expenses	$	17,909	$	—	$	17,909	$	—	$	17,909
Securities Sold Under Agreements to Repurchase	120,787		—		120,787		—		120,787
Payable to Employees and Related Parties	12,964		—		12,964		—		12,964
Notes Payable	101,375		—		136,860		—		136,860

The following methods and assumptions were used to estimate the fair value of these financial assets and liabilities:

The fair value of the Company’s Notes Payable is estimated based on a present value analysis utilizing aggregate market yields obtained from independent pricing sources for similar financial instruments.

The carrying amounts reported on the Unaudited Condensed Consolidated Statements of Financial Condition for Cash and Cash Equivalents, Securities Purchased Under Agreements to Resell, Securities Sold Under Agreements to Repurchase, Accounts Receivable, Receivables from Employees and Related Parties, Accounts Payable and Accrued Expenses, Payables to Employees and Related Parties and Assets Segregated for Bank Regulatory Requirements approximate fair value due to the short term nature of these items.

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Related Parties

6 Months Ended

Jun. 30, 2013

Related Party Transactions [Abstract]

Related Parties

Related Parties

Investment Management Revenue includes income from related parties earned from the Company’s private equity funds for portfolio company fees, management fees, expense reimbursements and realized and unrealized gains and losses of private equity fund investments. Total Investment Management revenues from related parties amounted to $4,983 and $7,135for the three and six months ended June 30, 2013, respectively, and $993 and $1,987for the three and six months ended June 30, 2012, respectively.

Investment Banking Revenue includes advisory fees earned from clients that have a Senior Managing Director as a member of their Board of Directors of $10,750 for the six months endedJune 30, 2013.

Other Assets on the Unaudited Condensed Consolidated Statements of Financial Condition includes receivables from certain employees of $4,017 and $1,546 as of June 30, 2013 and December 31, 2012, respectively.

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Condensed Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Cash Flows From Operating Activities
Net Income	$ 30,389	$ 7,021
Adjustments to Reconcile Net Income to Net Cash Provided by (Used in) Operating Activities:
Net (Gains) Losses on Investments, Marketable Securities and Contingent Consideration	(2,964)	968
Equity Method Investments	4,115	(2,563)
Equity-Based and Other Deferred Compensation	63,802	58,182
Depreciation, Amortization and Accretion	8,126	9,881
Bad Debt Expense	317	566
Deferred Taxes	(3,633)	3,002
Decrease (Increase) in Operating Assets:
Marketable Securities	133	406
Financial Instruments Owned and Pledged as Collateral at Fair Value	42,901	9,111
Securities Purchased Under Agreements to Resell	(4,022)	2,259
Accounts Receivable	(28,910)	(2,496)
Receivable from Employees and Related Parties	(4,920)	1,246
Other Assets	(3,163)	568
(Decrease) Increase in Operating Liabilities:
Accrued Compensation and Benefits	(62,331)	(69,456)
Accounts Payable and Accrued Expenses	2,966	(2,313)
Securities Sold Under Agreements to Repurchase	(38,908)	(11,430)
Payables to Employees and Related Parties	4,213	(351)
Taxes Payable	(11,879)	(1,970)
Other Liabilities	(1,865)	42
Net Cash Provided by (Used in) Operating Activities	(5,633)	2,673
Cash Flows From Investing Activities
Investments Purchased	(1,274)	(870)
Distributions of Private Equity Investments	154	906
Marketable Securities:
Proceeds from Sales and Maturities	23,062	50,360
Purchases	(21,055)	(17,183)
Cash Acquired from Acquisitions	170	0
Change in Restricted Cash	0	2,393
Purchase of Furniture, Equipment and Leasehold Improvements	(1,540)	(9,508)
Net Cash Provided by (Used In) Investing Activities	(483)	26,098
Cash Flows From Financing Activities
Issuance of Noncontrolling Interests	2,750	333
Distributions to Noncontrolling Interests	(11,527)	(7,868)
Cash Paid for Deferred and Contingent Consideration	0	(1,000)
Purchase of Evercore LP Units and Treasury Stock	(87,875)	(40,550)
Excess Tax Benefits Associated with Equity-Based Awards	6,581	1,033
Dividends—Class A Stockholders	(14,121)	(11,678)
Other	0	(78)
Net Cash Provided by (Used in) Financing Activities	(104,192)	(59,808)
Effect of Exchange Rate Changes on Cash	(1,688)	(1,200)
Net Increase (Decrease) in Cash and Cash Equivalents	(111,996)	(32,237)
Cash and Cash Equivalents-Beginning of Period	259,431	182,905
Cash and Cash Equivalents-End of Period	147,435	150,668
SUPPLEMENTAL CASH FLOW DISCLOSURE
Payments for Interest	5,616	6,527
Payments for Income Taxes	33,986	5,046
Furniture, Equipment and Leasehold Improvements Accrued	637	943
Decrease in Fair Value of Redeemable Noncontrolling Interest	921	1,303
Dividend Equivalents Issued	3,041	2,389
Notes Exchanged for Equity in Subsidiary	1,042	0
Settlement of Contingent Consideration	1,000	0
Receipt of Marketable Securities in Settlement of Accounts Receivable	1,772	0
Commitment to Purchase Noncontrolling Interest	$ 7,890	$ 0

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Share-Based and Other Deferred Compensation - Additional information (Detail) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended		3 Months Ended			6 Months Ended				0 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013 Deferred Cash Program [Member]	Jun. 30, 2012 Deferred Cash Program [Member]	Mar. 31, 2011 Deferred Cash Program [Member] Y	Jun. 30, 2013 Deferred Cash Program [Member]	Jun. 30, 2012 Deferred Cash Program [Member]	Jun. 30, 2013 Minimum [Member]	Jun. 30, 2013 Maximum [Member]	Jul. 23, 2013 Subsequent Event [Member] Long Term Incentive Plan [Member] Y
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Service based awards granted (in shares)			2,193
Service based awards, grant date fair value (in dollars per share)										$ 26.60	$ 43.26
Service based awards vested (in shares)			1,870
Service based awards forfeited (in shares)			44
Deferred compensation, vesting period (in years)							4
Compensation expense related to deferred compensation program					$ 838	$ 1,281		$ 1,829	$ 2,265
Compensation expense related to service-based awards	20,634	16,038	41,227	30,699
Compensation expense related to amortization of LP units	4,813	5,069	10,423	9,828
Compensation expense related to acquisition related awards	3,618	4,379	7,226	10,632
Compensation expense related to deferred cash consideration	$ 1,214	$ 1,751	$ 2,263	$ 4,621
Additional shares to be granted under stock incentive plan	5,000
Long Term Incentive Plan Performance Period (in years)												4
Long Term Incentive Plan Payment Period (in years)												2

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Evercore Partners Inc. Stockholders' Equity - Additional Information (Detail) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		6 Months Ended		12 Months Ended	6 Months Ended							0 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012	Jun. 30, 2013 Minimum [Member]	Jun. 30, 2013 Maximum [Member]	Jun. 30, 2013 LP Unit Purchases [Member]	Jun. 30, 2013 Reclassification out of Accumulated Other Comprehensive Income [Member] Accumulated Translation Adjustment [Member]	Jun. 30, 2013 Share Repurchase Program [Member]	Jun. 30, 2013 Share Repurchase Program [Member] Minimum [Member]	Jun. 30, 2013 Share Repurchase Program [Member] Maximum [Member]	Jul. 23, 2013 Subsequent Event [Member]
Temporary Equity [Line Items]
Dividends Payable, Date Declared													Jul. 23, 2013
Dividends Declared per Share of Class A Common Stock	$ 0.22	$ 0.20	$ 0.44	$ 0.40									$ 0.22
Dividend record date													Aug. 30, 2013
Dividend payment date													Sep. 13, 2013
Dividends per share, cash paid			$ 0.44
Declared and paid dividends			$ 14,121
Shares purchased for the net settlement of stock-based compensation awards			843
Treasury stock acquired, market value per share						$ 22.24	$ 43.18				$ 36.00	$ 41.00
Number of shares repurchased										1,298
Increase in Treasury Stock			81,108
LP Units Exchanged By Employees			1,326		983
Exchange settlement period			2013-01
Increase in common stock			13
Increase to Additional Paid-In-Capital			8,063					1,343
LP Units Purchased			185
Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests								5,893
Accumulated Unrealized Gain (Loss) on Marketable Securities, net	(1,519)		(1,519)
Accumulated foreign Currency Translation Adjustment Gain (Loss), net	(9,396)		(9,396)
Other revenue	1,428	1,593	3,221	3,889					(1,683)
Provision for Income Taxes	$ 17,066	$ 9,773	$ 24,388	$ 5,135					$ (573)

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Segment Operating Results (Tables)

6 Months Ended

Jun. 30, 2013

Segment Reporting [Abstract]

Information Regarding Operations By Segment

The following information provides a reasonable representation of each segment’s contribution.

	For the Three Months Ended June 30,					For the Six Months Ended June 30,
	2013		2012			2013		2012
Investment Banking
Net Revenues (1)	$	182,605	$	153,164		$	314,201	$	236,949
Operating Expenses	138,389		118,683			243,455		197,659
Other Expenses (2)	9,456		11,898			19,311		28,005
Operating Income	34,760		22,583			51,435		11,285
Income (Loss) from Equity Method Investments	290		(33		)	460		1,595
Pre-Tax Income	$	35,050	$	22,550		$	51,895	$	12,880
Identifiable Segment Assets	$	562,690	$	486,481		$	562,690	$	486,481
Investment Management
Net Revenues (1)	$	24,841	$	19,333		$	44,667	$	38,346
Operating Expenses	20,943		20,065			41,750		39,315
Other Expenses (2)	596		656			1,346		1,264
Operating Income (Loss)	3,302		(1,388		)	1,571		(2,233		)
Income from Equity Method Investments	725		752			1,311		1,509
Pre-Tax Income (Loss)	$	4,027	$	(636	)	$	2,882	$	(724	)
Identifiable Segment Assets	$	470,273	$	487,377		$	470,273	$	487,377
Total
Net Revenues (1)	$	207,446	$	172,497		$	358,868	$	275,295
Operating Expenses	159,332		138,748			285,205		236,974
Other Expenses (2)	10,052		12,554			20,657		29,269
Operating Income	38,062		21,195			53,006		9,052
Income from Equity Method Investments	1,015		719			1,771		3,104
Pre-Tax Income	$	39,077	$	21,914		$	54,777	$	12,156
Identifiable Segment Assets	$	1,032,963	$	973,858		$	1,032,963	$	973,858

(1) Net revenues include Other Revenue, net, allocated to the segments as follows:

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2013			2012			2013			2012
Investment Banking (A)	$	(849	)	$	(1,262	)	$	(636	)	$	(1,972	)
Investment Management (B)	(897		)	(703		)	(2,610		)	(1,454		)
Total Other Revenue, net	$	(1,746	)	$	(1,965	)	$	(3,246	)	$	(3,426	)

(A) Investment Banking Other Revenue, net, includes interest expense on the Senior Notes of $1,095 and $2,183for the three and six months ended June 30, 2013, respectively, and $1,075 and $2,145for the three and six months ended June 30, 2012, respectively.

(B) Investment Management Other Revenue, net, includes interest expense on the Senior Notes of $924 and $1,843for the three and six months ended June 30, 2013, respectively, and $909 and $1,813for the three and six months ended June 30, 2012, respectively.

(2) Other Expenses are as follows:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2013		2012		2013		2012
Investment Banking
Amortization of LP Units and Certain Other Awards	$	4,300	$	4,495	$	9,209	$	8,711
Acquisition Related Compensation Charges	5,156		6,352		10,102		15,997
Special Charges	—		662		—		662
Intangible Asset Amortization	—		389		—		2,635
Total Investment Banking	9,456		11,898		19,311		28,005
Investment Management
Amortization of LP Units and Certain Other Awards	514		574		1,182		1,100
Intangible Asset Amortization	82		82		164		164
Total Investment Management	596		656		1,346		1,264
Total Other Expenses	$	10,052	$	12,554	$	20,657	$	29,269

Revenues Derived from Clients and Private Equity Funds by Geographical Areas

The Company’s revenues were derived from clients and private equity funds located and managed in the following geographical areas:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2013		2012		2013		2012
Net Revenues: (1)
United States	$	157,595	$	131,406	$	248,451	$	201,067
Europe and Other	36,146		35,309		75,617		59,631
Latin America	15,451		7,747		38,046		18,023
Total	$	209,192	$	174,462	$	362,114	$	278,721

(1) Excludes Other Revenue and Interest Expense.

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Revenues Derived from Clients and Private Equity Funds by Geographical Areas (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended				6 Months Ended
	Jun. 30, 2013		Jun. 30, 2012		Jun. 30, 2013		Jun. 30, 2012
Segment Reporting Information [Line Items]
Net revenue	$ 209,192	[1]	$ 174,462	[1]	$ 362,114	[1]	$ 278,721	[1]
United States [Member]
Segment Reporting Information [Line Items]
Net revenue	157,595		131,406		248,451		201,067
Europe And Other [Member]
Segment Reporting Information [Line Items]
Net revenue	36,146		35,309		75,617		59,631
Latin America [Member]
Segment Reporting Information [Line Items]
Net revenue	$ 15,451		$ 7,747		$ 38,046		$ 18,023

[1] Excludes Other Revenue and Interest Expense.

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Noncontrolling Interest

6 Months Ended

Jun. 30, 2013

Noncontrolling Interest [Abstract]

Noncontrolling Interest

Noncontrolling Interest

Noncontrolling Interest recorded in the unaudited condensed consolidated financial statements of the Company relates to a 16% interest in Evercore LP, a 28% interest in ECB, a 49% interest in Evercore Wealth Management, LLC (“EWM”), a 34% equity interest in Atalanta Sosnoff Capital L.L.C. (“Atalanta Sosnoff”), a 38% interest in Institutional Equities, a 14% interest in Evercore Trust Company, N.A. (“ETC”), a 32% interest in Pan and other private equity partnerships, not owned by the Company at June 30, 2013. The Atalanta Sosnoff interest excludes the Series C Profits Interest, which has been reflected in Employee Compensation and Benefits Expense on the Unaudited Condensed Consolidated Statements of Operations. The Noncontrolling Interest for Evercore LP, EWM, Atalanta Sosnoff, Institutional Equities and ETC have rights, in certain circumstances, to convert into Class A Shares.

Changes in Noncontrolling Interest for the six months endedJune 30, 2013 and 2012 were as follows:

	For the Six Months Ended June 30,
	2013			2012
Beginning balance	$	62,243		$	58,162
Comprehensive income (loss)
Operating income	7,994			2,455
Other comprehensive income (loss)	(555		)	(61		)
Total comprehensive income	7,439			2,394
Other items
Evercore LP Units Purchased or Converted into Class A Common Stock	(13,187		)	(1,185		)
Amortization and Vesting of LP Units	10,725			10,554
Distributions to Noncontrolling Interests	(10,953		)	(7,868		)
Fair value of Noncontrolling Interest in Pan	774			—
Issuance of Noncontrolling Interest	3,080			333
Purchase of Noncontrolling Interest	(4,529		)	—
Other	—			(618		)
Total other items	(14,090		)	1,216
Ending balance	$	55,592		$	61,772

Other comprehensive income (loss) attributed to Noncontrolling Interest includes Unrealized Gain (Loss) on Marketable Securities, net, of ($156) and ($39)for the three and six months ended June 30, 2013, respectively, and ($341) and ($29)for the three and six months ended June 30, 2012, respectively, and Foreign Currency Translation Adjustment Gain (Loss), net, of ($393) and ($516)for the three and six months ended June 30, 2013, respectively, and ($1,330) and ($32)for the three and six months ended June 30, 2012, respectively.

Pursuant to the strategic alliance with Trilantic, Evercore LP issued 500 LP Units with a minimum redemption value of $16,500 on December 31, 2014 in exchange for the issuance of certain limited partnership interests in Trilantic. This transaction resulted in Redeemable Noncontrolling Interest on the Unaudited Condensed Consolidated Statements of Financial Condition of $16,090, representing the fair value of the LP Units exchanged at the date of issuance. This value is being accreted to the minimum redemption value of $16,500 over the five-year period ended December 31, 2014. Accretion was $21 and $42 for the three and six months ended June 30, 2013 and 2012, respectively.

In conjunction with the Company’s purchase agreement with Atalanta Sosnoff, the Company issued a management member of Atalanta Sosnoff certain capital interests in Atalanta Sosnoff, which are redeemable for cash, at their fair value. Accordingly, these capital interests have been reflected at their fair value of $3,997 within Redeemable Noncontrolling Interest on the Unaudited Condensed Consolidated Statements of Financial Condition at June 30, 2013 and December 31, 2012.

EWM has issued capital interests to certain employees which may be redeemable for cash at fair value at certain points in the future. Accordingly, these interests have been reflected at their fair value of $28,478 and $29,399 within Redeemable Noncontrolling Interest on the Unaudited Condensed Consolidated Statements of Financial Condition at June 30, 2013 and December 31, 2012, respectively.

During the three months ended June 30, 2013, the Company also had an issuance of noncontrolling interest related to EMP III. See Note 8 for further information.

During the three months ended June 30, 2013, the Company entered into a commitment to purchase, at fair value, all of the noncontrolling interest in ETC for $7,890. This purchase was settled on July 19, 2013.

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Investments

6 Months Ended

Jun. 30, 2013

Text Block [Abstract]

Investments

Investments

The Company’s investments reported on the Unaudited Condensed Consolidated Statements of Financial Condition consist of investments in private equity partnerships and other investments in unconsolidated affiliated companies. The Company’s investments are relatively high-risk and illiquid assets. Realized and unrealized gains and losses on the private equity investments are included within Investment Management Revenue. The Company’s share of earnings (losses) on the investments in G5, ABS Investment Management, LLC (“ABS”) and Pan (consolidated on March 15, 2013) are included within Income from Equity Method Investments on the Unaudited Condensed Consolidated Statements of Operations.

Investments in Private Equity

The Company’s investments in private equity partnerships include investments in Evercore Capital Partners II L.P. and its affiliated entities (“ECP II”), Discovery Americas I, L.P. (the “Discovery Fund”), Evercore Mexico Capital Partners II (“EMCP II”), Evercore Mexico Capital Partners III (“EMCP III”), CSI Capital, L.P. (“CSI Capital”) and Trilantic Capital Partners Associates IV L.P. (“Trilantic IV”). Portfolio holdings of the private equity funds are carried at fair value. Accordingly, the Company reflects its pro rata share of the unrealized gains and losses occurring from changes in fair value. Additionally, the Company reflects its pro rata share of realized gains, losses and carried interest associated with any investment realizations.

On June 4, 2013, the general partner of EMCP III, Evercore Mexico Partners III ("EMP III"), amended and restated its Limited Partnership Agreement and admitted certain limited partners, which are related parties of the Company.  The Company viewed this modification as a reconsideration event under ASC 810-10, Consolidation, and concluded that EMP III is a VIE and that the Company is the primary beneficiary of this VIE. Specifically, the Company's general partner interests in EMP III provide the Company the ability to make decisions that significantly impact the economic performance of EMP III, while the limited partners do not possess substantive participating rights over EMP III. The Company's assessment of the primary beneficiary of EMP III included assessing which parties have the power to significantly impact the economic performance of EMP III and the obligation to absorb losses, which could be potentially significant to EMP III, or the right to receive benefits from EMP III that could be potentially significant. The Company had previously consolidated EMP III as a voting interest entity; accordingly, this event had no impact on the assets and liabilities of the Company. EMP III had assets of $3,663 andliabilities of $259, included in the Company's Unaudited Condensed Consolidated Statement of Financial Condition at June 30, 2013. The assets retained by EMP III are for the benefit of the interest holders of EMP III.

In June 2013, the Company held a fourth and final closing on EMCP III, a private equity fund focused on middle market investments in Mexico. The total subscribed capital commitments of $201,000 included a capital commitment of $10,750 by EMP III, of which $1,000 relates to the Company and $9,750 relates to noncontrolling interest holders. At June 30, 2013, unfunded commitments of EMP III were $7,375, including $686 due from the Company.

A summary of the Company’s investment in the private equity funds as of June 30, 2013 and December 31, 2012 was as follows:

	June 30, 2013		December 31, 2012
ECP II	$	3,332	$	3,793
Discovery Fund	4,594		3,060
EMCP II	11,474		10,400
EMCP III	3,419		1,696
CSI Capital	3,210		3,056
Trilantic IV	4,677		4,573
Total Private Equity Funds	$	30,706	$	26,578

Net realized and unrealized gains (losses) on private equity fund investments, including performance fees, were $2,073 and $2,550for the three and six months ended June 30, 2013, respectively, and ($301) and ($608)for the three and six months ended June 30, 2012, respectively. In the event the funds perform poorly, the Company may be obligated to repay certain carried interest previously distributed. As of June 30, 2013, the Company had $2,701 of previously received carried interest that may be subject to repayment.

Trilantic Capital Partners

In 2010, the Company made an investment in Trilantic Capital Partners (“Trilantic”). See Note 12 for further information. This investment had a balance of $14,999 as of June 30, 2013 and December 31, 2012.

Equity Method Investments

A summary of the Company’s other equity investments as of June 30, 2013 and December 31, 2012 was as follows:

	June 30, 2013		December 31, 2012
G5	$	18,886	$	19,720
ABS	43,932		46,851
Pan	—		2,749
Total	$	62,818	$	69,320

G5

In 2010, the Company made an equity method investment in G5. At June 30, 2013, the Company’s economic ownership interest in G5 was 49%. This investment resulted in earnings (losses) of $247 and $184for the three and six months ended June 30, 2013, respectively, and ($93) and $1,270for the three and six months ended June 30, 2012, respectively, included within Income from Equity Method Investments on the Unaudited Condensed Consolidated Statements of Operations.

ABS

In 2011, the Company made an equity method investment in ABS. At June 30, 2013, the Company’s economic ownership interest in ABS was 45%. This investment resulted in earnings of $768 and $1,642for the three and six months ended June 30, 2013, respectively, and $912 and $1,622for the three and six months ended June 30, 2012, respectively, included within Income from Equity Method Investments on the Unaudited Condensed Consolidated Statements of Operations.

Pan

In 2008, the Company made an equity method investment of $4,158 in Pan. This investment resulted in earnings (losses) of ($55) for the six months endedJune 30, 2013, and ($100) and $212for the three and six months ended June 30, 2012, respectively, included within Income from Equity Method Investments on the Unaudited Condensed Consolidated Statements of Operations.

In 2011 and 2012, the Company concluded that Pan was a VIE, and that the Company was not the primary beneficiary of the VIE. On March 15, 2013, the Company exchanged its notes receivable from Pan for additional common equity, increasing its common equity ownership interest to 68%, from 50%. The Company viewed this transaction as a reconsideration event and concluded that, as a result, it had become the primary beneficiary of Pan, and therefore consolidated Pan in the Company's unaudited condensed consolidated financial statements as of that date. The Company determined that it was the primary beneficiary of Pan because it possessed the power to significantly impact the economic performance of Pan and maintained the obligation to absorb losses of Pan, which could be potentially significant, or the right to receive benefits from Pan, that could be potentially significant. The assets retained by Pan are not generally available to the Company and the liabilities are generally non-recourse to the Company. The Company recorded assets of $702 and liabilities of $518 on the Company's Unaudited Condensed Consolidated Statement of Financial Condition as of June 30, 2013 as a result of the consolidation. The consolidation also resulted in goodwill of $3,020 and intangible assets relating to client relationships of $1,440, recognized in the Investment Management Segment. The intangible assets are being amortized over an estimated useful life of seven years.

Other

The Company allocates the purchase price of its equity method investments, in part, to the inherent finite-lived identifiable intangible assets of the investees. The Company’s share of the earnings of the investees has been reduced by the amortization of these identifiable intangible assets inherent in the investments of $647 and $1,294for the three and six months ended June 30, 2013, respectively, and $649 and $1,396for the three and six months ended June 30, 2012, respectively.

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Commitments and Contingencies

6 Months Ended

Jun. 30, 2013

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Commitments and Contingencies

For a complete discussion of the Company’s commitments, refer to the Company’s Annual Report on Form 10-K for the year ended December 31, 2012.

Operating Leases – The Company leases office space under non-cancelable lease agreements, which expire on various dates through 2023. The Company reflects lease expense over the lease terms on a straight-line basis. Occupancy lease agreements, in addition to base rentals, generally are subject to escalation provisions based on certain costs incurred by the landlord. Occupancy and Equipment Rental on the Unaudited Condensed Consolidated Statements of Operations includes occupancy rental expense relating to operating leases of $5,981 and $11,891for the three and six months ended June 30, 2013, respectively, and $5,862 and $11,347for the three and six months ended June 30, 2012, respectively.

Other Commitments – As of June 30, 2013, the Company has unfunded commitments for capital contributions of $10,830 to the private equity funds, which includes an additional $5,000 capital commitment to Trilantic that the Company agreed to in April 2013. These commitments will be funded as required through the end of each private equity fund’s investment period, subject to certain conditions. Such commitments are satisfied in cash and are generally required to be made as investment opportunities are consummated by the private equity funds.

On June 27, 2013, Evercore Partners Services East L.L.C. ("East"), a wholly-owned subsidiary of the Company, obtained a line of credit from First Republic Bank in an aggregate principal amount of up to $25,000, to be used for working capital and other corporate activities.  This facility is secured by (i) cash and cash equivalents of East held in a designated account with First Republic Bank, (ii) certain of East's intercompany receivables and (iii) third party accounts receivable of Evercore Group L.L.C. Drawings under the facility bear interest at the prime rate as published in The Wall Street Journal. The facility matures on June 27, 2014, and may be renewed or extended. There have been no monies drawn on this facility as of June 30, 2013.

The Company also has commitments related to its redeemable noncontrolling interests. See Note 12 for further information.

Contingencies

In the normal course of business, from time to time the Company and its affiliates are involved in judicial or regulatory proceedings, arbitration or mediation concerning matters arising in connection with the conduct of its businesses, including contractual and employment matters. In addition, Mexican, United Kingdom, Hong Kong, Canadian and United States government agencies and self-regulatory organizations, as well as state securities commissions in the United States, conduct periodic examinations and initiate administrative proceedings regarding the Company’s business, including, among other matters, accounting and operational matters, that can result in censure, fine, the issuance of cease-and-desist orders or the suspension or expulsion of a broker-dealer, investment advisor, or its directors, officers or employees. In view of the inherent difficulty of predicting the outcome of such matters, particularly in cases where claimants seek substantial or indeterminate damages or where investigations and proceedings are in the early stages, the Company cannot predict the loss or range of loss, if any, related to such matters, how or if such matters will be resolved, when they will ultimately be resolved, or what the eventual settlement, fine, penalty or other relief, if any, might be. Subject to the foregoing, the Company believes, based on current knowledge and after consultation with counsel, that it is not currently party to any material pending proceedings, individually or in the aggregate, the resolution of which would have a material effect on the Company. Legal reserves are established in accordance with ASC 450, “Contingencies” when warranted. Once established, reserves are adjusted when there is more information available or when an event occurs requiring a change.

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Net Income Per Share Attributable to Evercore Partners Inc. Common Shareholders

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Net Income Per Share Attributable to Evercore Partners Inc. Common Shareholders

Net Income Per Share Attributable to Evercore Partners Inc. Common Shareholders

The calculations of basic and diluted net income per share attributable to Evercore Partners Inc. common shareholders for the three and six months endedJune 30, 2013 and 2012 are described and presented below.

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2013			2012			2013			2012
Basic Net Income Per Share Attributable to Evercore Partners Inc. Common Shareholders
Numerator:
Net income attributable to Evercore Partners Inc.	$	16,426		$	7,934		$	22,395		$	4,566
Associated accretion of redemption price of noncontrolling interest in Trilantic (See Note 12)	(21		)	(21		)	(42		)	(42		)
Net income attributable to Evercore Partners Inc. common shareholders	16,405			7,913			22,353			4,524
Denominator:
Weighted average shares of Class A common stock outstanding, including vested restricted stock units (“RSUs”)	31,811			29,213			31,836			29,169
Basic net income per share attributable to Evercore Partners Inc. common shareholders	$	0.52		$	0.27		$	0.70		$	0.16
Diluted Net Income Per Share Attributable to Evercore Partners Inc. Common Shareholders
Numerator:
Net income attributable to Evercore Partners Inc. common shareholders	$	16,405		$	7,913		$	22,353		$	4,524
Noncontrolling interest related to the assumed exchange of LP Units for Class A common shares	(a)			(a)			(a)			(a)
Associated corporate taxes related to the assumed elimination of Noncontrolling Interest described above	(a)			(a)			(a)			(a)
Diluted net income attributable to Class A common shareholders	$	16,405		$	7,913		$	22,353		$	4,524
Denominator:
Weighted average shares of Class A common stock outstanding, including vested RSUs	31,811			29,213			31,836			29,169
Assumed exchange of LP Units for Class A common shares	(a)			(a)			(a)			(a)
Additional shares of the Company’s common stock assumed to be issued pursuant to non-vested RSUs and deferred consideration, as calculated using the Treasury Stock Method	3,332			1,818			3,551			2,012
Assumed conversion of Warrants issued	2,358			633			2,351			925
Diluted weighted average shares of Class A common stock outstanding	37,501			31,664			37,738			32,106
Diluted net income per share attributable to Evercore Partners Inc. common shareholders	$	0.44		$	0.25		$	0.59		$	0.14

(a) During the three and six months ended June 30, 2013 and 2012, the LP Units (which represent the right to receive Class A Shares upon exchange) were antidilutive and consequently the effect of their exchange into Class A Shares has been excluded from the calculation of diluted net income per share attributable to Evercore Partners Inc. common shareholders. The units that would have been included in the computation of diluted net income per share attributable to Evercore Partners Inc. common shareholders if the effect would have been dilutive were 6,680 and 6,734for the three and six months ended June 30, 2013, respectively, and 9,000 and 9,068for the three and six months ended June 30, 2012, respectively.

The shares of Class B common stock have no right to receive dividends or a distribution on liquidation or winding up of the Company. The shares of Class B common stock do not share in the earnings of the Company and no earnings are allocable to such class. Accordingly, basic and diluted net income per share of Class B common stock have not been presented.

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Document and Entity Information	6 Months Ended
	Jun. 30, 2013	Jul. 31, 2013 Class A [Member]	Jul. 31, 2013 Class B [Member]
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q2
Trading Symbol	EVR
Entity Registrant Name	EVERCORE PARTNERS INC.
Entity Central Index Key	0001360901
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		31,364,881	42

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Share-Based and Other Deferred Compensation

6 Months Ended

Jun. 30, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Share-Based and Other Deferred Compensation

Share-Based and Other Deferred Compensation

During the six months endedJune 30, 2013, the Company granted employees 2,193 Service-based Awards. These awards had grant date fair values ranging from $26.60 to $43.26 per share. During the six months endedJune 30, 2013, 1,870 Service-based Awards vested and 44 Service-based Awards were forfeited.

During the first quarter of 2011, the Company launched a deferred compensation program providing participants the ability to elect to receive a portion of their deferred compensation in deferred cash, which is indexed to a notional investment portfolio and vests ratably over four years and requires payment upon vesting. Compensation expense related to this deferred compensation program was $838 and $1,829for the three and six months ended June 30, 2013, respectively, and $1,281 and $2,265for the three and six months ended June 30, 2012, respectively.

Compensation expense related to Service-based Awards, excluding compensation costs related to the amortization of the LP Units, was $20,634 and $41,227for the three and six months ended June 30, 2013, respectively, and $16,038 and $30,699for the three and six months ended June 30, 2012, respectively. Compensation expense related to amortization of the LP Units was $4,813 and $10,423for the three and six months ended June 30, 2013, respectively, and $5,069 and $9,828for the three and six months ended June 30, 2012, respectively. Compensation expense related to acquisition-related awards and deferred cash consideration was $3,618 and $1,214, respectively, for the three months ended June 30, 2013, and $7,226 and $2,263, respectively, for the six months endedJune 30, 2013. Compensation expense related to acquisition-related awards and deferred cash consideration was $4,379 and $1,751, respectively, for the three months ended June 30, 2012, and $10,632 and $4,621, respectively, for the six months endedJune 30, 2012.

During the second quarter of 2013, the Company's stockholders approved the amended and restated 2006 Evercore Partners Inc. Stock Incentive Plan. The amended and restated plan, among other things, authorizes an additional 5,000 shares of the Company's Class A Shares.

On July 23, 2013, the Company's board approved the Long-term Incentive Plan, which provides for incentive compensation awards to Advisory Senior Managing Directors, excluding executive officers of the Company, who exceed defined benchmark results over a four-year performance period beginning January 1, 2013. These awards will be paid, in cash or Class A shares, at the Company's discretion, in the two years following the performance period, to Senior Managing Directors employed by the Company at the time of payment (subject to retirement eligibility requirements).