Related Party Transactions

6 Months Ended

May 31, 2019

Related Party Transactions [Abstract]

Related Party Transactions

Related Party Transactions

Jefferies Capital Partners Related Funds.  Jefferies Group has equity investments in the JCP Manager and in private equity funds, which are managed by a team led by our President and a Director ("Private Equity Related Funds"). Reflected in our Consolidated Statements of Financial Condition at May 31, 2019 and November 30, 2018 are Jefferies Group's equity investments in Private Equity Related Funds of $31.2 million and $35.5 million, respectively. Net gains (losses) aggregating $4.0 million and $3.0 million for the three months ended May 31, 2019 and June 30, 2018, respectively, and $(0.1) million and $10.0 million for the six months ended May 31, 2019 and June 30, 2018, respectively, were recorded in Other revenues related to the Private Equity Related Funds. For further information regarding our commitments and funded amounts to the Private Equity Related Funds, see Notes 8 and 19.

Berkadia Commercial Mortgage, LLC.  At May 31, 2019 and November 30, 2018, Jefferies Group has commitments to purchase $543.4 million and $723.8 million, respectively, in agency commercial mortgage-backed securities from Berkadia.

FXCM. Jefferies Group entered into a foreign exchange prime brokerage agreement with FXCM in 2017. In connection with the foreign exchange contracts entered into under this agreement, Jefferies Group had $14.2 million and $9.9 million at May 31, 2019 and November 30, 2018, respectively, included in Payables, expense accruals and other liabilities in our Consolidated Statements of Financial Condition.

Officers, Directors and Employees.  We have $46.9 million and $49.3 million of loans outstanding to certain officers and employees (none of whom are an executive officer or director of the Company) at May 31, 2019 and November 30, 2018, respectively. Receivables from and payables to customers include balances arising from officers', directors' and employees' individual security transactions. These transactions are subject to the same regulations as all customer transactions and are provided on substantially the same terms.

See Note 9 for information on transactions with Jefferies Finance.