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Investments (Tables)
 6 Months Ended
May 31, 2023
Equity Method Investments and Joint Ventures [Abstract]  
Summary of Selected Financial Information related to Equity Method Investment Equity method investments, including any loans to the investees, are reported within Investments in and loans to related parties in our Consolidated Statements of Financial Condition are summarized as follows (in millions).
May 31, 2023November 30, 2022
Total Investments in and loans to related parties$1,412.5 $1,426.8 

Three Months Ended 
May 31,		Six Months Ended 
May 31,
2023202220232022
Total equity method pickup earnings (losses) recognized in Other revenues in our Consolidated Statements of Earnings $(87.8)$16.1 $(151.8)$49.8 
The following summarizes the activity included in our Consolidated Statements of Earnings related to the facility (in millions):
Three Months Ended 
May 31,		Six Months Ended 
May 31,
2023202220232022
Interest income$— $0.3 $— $0.4 
Unfunded commitment fees0.3 0.3 0.6 0.6 
The following is a summary of selected financial information for Jefferies Finance (in millions):
May 31, 2023November 30, 2022
Total assets$6,529.7 $6,773.2 
Total liabilities5,218.8 5,500.4 
May 31, 2023November 30, 2022
Our total equity balance$650.1 $636.4 
Three Months Ended 
May 31,		Six Months Ended 
May 31,
2023202220232022
Net earnings (losses)$12.9 $(9.1)$27.8 $48.4 
The following summarizes activity related to our other transactions with Jefferies Finance (in millions):
Three Months Ended 
May 31,		Six Months Ended 
May 31,
2023202220232022
Origination and syndication fee revenues (1)$20.2 $41.9 $46.2 $156.8 
Origination fee expenses (1)6.3 11.4 10.4 27.3 
CLO placement fee revenues (2)— 1.2 — 1.9 
Service fees (3)16.9 15.8 61.1 65.8 
(1)We engage in the origination and syndication of loans underwritten by Jefferies Finance. In connection with such services, we earned fees, which are recognized in Investment banking revenues in our Consolidated Statements of Earnings. In addition, we paid fees to Jefferies Finance in respect of certain loans originated by Jefferies Finance, which are recognized as Business development expenses in our Consolidated Statements of Earnings.
(2)We act as a placement agent for CLOs managed by Jefferies Finance, for which we recognized fees, which are included in Investment banking revenues in our Consolidated Statements of Earnings. At May 31, 2023 and November 30, 2022, we held securities issued by CLOs managed by Jefferies Finance, which are included in Financial instruments owned, at fair value in our Consolidated Statements of Financial Condition.
(3)Under a service agreement, we charge Jefferies Finance for services provided.
The following is a summary of selected financial information for Berkadia (in millions):
May 31, 2023November 30, 2022
Total assets$4,524.6 $4,436.0 
Total liabilities2,729.1 2,801.7 
Total noncontrolling interest854.9 690.1 
May 31, 2023November 30, 2022
Our total equity balance$424.9 $425.9 
Three Months Ended 
May 31,		Six Months Ended 
May 31,
2023202220232022
Net earnings$13.5 $85.8 $42.5 $172.2 
The following is a summary of selected financial information for OpNet (in millions):
May 31, 2023November 30, 2022
Total assets$1,054.5 $1,050.8 
Total liabilities996.1 935.2 
May 31, 2023November 30, 2022
Our total equity balance$— $— 
Three Months Ended 
May 31,		Six Months Ended 
May 31,
2023202220232022
Net losses$(90.4)$(21.8)$(142.0)$(45.3)
The following is a summary of selected financial information for FXCM (in millions):
May 31, 2023November 30, 2022
Total assets
$360.3 $389.6 
Total liabilities
327.4 341.4 
May 31, 2023November 30, 2022
Our total equity balance
$46.6 $59.7 
Three Months Ended 
May 31,		Six Months Ended 
May 31,
2023202220232022
Net earnings (losses)$(5.4)$4.7 $(25.8)$(3.4)
The following is a summary of selected financial information for Golden Queen (in millions):
May 31, 2023November 30, 2022
Total assets
$219.9 $209.8 
Total liabilities
114.6 102.1 
May 31, 2023November 30, 2022
Our total equity balance$16.8 $46.5 
Three Months Ended 
May 31,		Six Months Ended 
May 31,
2023202220232022
Net losses$(1.4)$(3.0)$(2.3)$(7.6)
The following is a summary of selected financial information for our significant real estate investments (in millions):
May 31, 2023November 30, 2022
Total assets
$227.4 $350.4 
Total liabilities
400.4 487.5 
May 31, 2023November 30, 2022
Our total equity balance$92.9 $107.3 
Three Months Ended 
May 31,		Six Months Ended 
May 31,
2023202220232022
Net earnings (losses)
$(3.4)$(6.1)$(2.3)$0.5 
We received distributions from 54 Madison on our equity interest as follows (in millions):
Three Months Ended 
May 31,		Six Months Ended 
May 31,
2023202220232022
Distributions$— $0.2 $17.1 $0.2 
The following summarizes the results from these investments which are included in Principal transactions revenues in our Consolidated Statements of Earnings (in millions):
Three Months Ended 
May 31,		Six Months Ended 
May 31,
2023202220232022
Net gains (losses) from our investments in JCP Fund V$(1.7)$2.3 $(8.3)$3.2 
The following is a summary of the Net change in net assets resulting from operations for 100.0% of JCP Fund V, in which we owned effectively 35.2% at May 31, 2023 of the combined equity interests (in thousands):
Three Months Ended
March 31,
2023		December 31,
2022		March 31,
2022		December 31,
2021
Net increase (decrease) in net assets resulting from operations (1)$(4,896)$(54,551)$7,534 $(3,159)
(1)Financial information for JCP Fund V within our results of operations for the three and six months ended May 31, 2023 and 2022 is included based on the presented periods.
The following table presents the activity included in our Consolidated Statements of Earnings related to these separately managed accounts (in millions):
Three Months Ended 
May 31,		Six Months Ended 
May 31,
2023202220232022
Investment losses (1)$(0.6)$(0.3)$(0.3)$(2.4)
Management fees (2)0.2 0.1 0.4 0.3 
(1)Included in Principal transactions revenues in our Consolidated Statements of Earnings.
(2)Included in Floor brokerage and clearing fees in our Consolidated Statements of Earnings.
Investment Income For the periods presented below, interest income recognized on the loan is included in Interest revenues in our Consolidated Statements of Earnings (in millions):
Three Months Ended 
May 31,		Six Months Ended 
May 31,
2023202220232022
Interest income on term loan agreement$0.6 $0.6 $1.1 $1.1