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Investments (Tables)
 6 Months Ended
May 31, 2024
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 millionsMay 31,
2024		November 30,
2023
Total Investments in and loans to related parties$1,307.4 $1,239.3 

Three Months Ended 
May 31,		Six Months Ended 
May 31,
$ in millions2024202320242023
Total equity method pickup earnings (losses) recognized in Other revenues$28.5 $(87.8)$37.2 $(151.8)
Activity related to the facility:
Three Months Ended 
May 31,		Six Months Ended 
May 31,
$ in millions2024202320242023
Unfunded commitment fees0.3 0.3 0.6 0.6 
Selected financial information for Jefferies Finance:
$ in millionsMay 31,
2024		November 30,
2023
Total assets$6,030.3 $5,598.2 
Total liabilities4,716.2 4,352.0 
May 31,
2024		November 30,
2023
Our total equity balance$649.4 $630.1 
Three Months Ended 
May 31,		Six Months Ended 
May 31,
$ in millions2024202320242023
Net earnings attributable to members$40.2 $12.9 $39.3 $27.8 
Activity related to our other transactions with Jefferies Finance:
Three Months Ended 
May 31,		Six Months Ended 
May 31,
$ in millions2024202320242023
Origination and syndication fee revenues (1)$74.9 $20.2 $127.3 $46.2 
Origination fee expenses (1)9.7 6.3 24.6 10.4 
CLO structuring fee revenues (2)0.3 — 0.3 — 
Investment fund placement fee revenues (3)0.4 — 0.9 — 
Service fees (4)20.8 16.9 65.7 61.1 
(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 addition, we paid fees to Jefferies Finance in respect of certain loans originated by Jefferies Finance, which are recognized as Business development expenses.
(2)We act as a structuring agent for certain CLOs managed by Jefferies Finance. We receive fees for this service which are included in Investment banking fees.
(3)We act as a placement agent for investment funds managed by Jefferies Finance, for which we recognized fees and are included in Commissions and other fees.
(4)Under a service agreement, we charge Jefferies Finance for services provided.
Selected financial information for Berkadia:
$ in millionsMay 31,
2024		November 30,
2023
Total assets$5,417.8 $5,318.2 
Total liabilities3,919.3 3,816.1 
Total noncontrolling interest546.1 612.8 
May 31,
2024		November 30,
2023
Our total equity balance$430.6 $400.9 
Three Months Ended 
May 31,		Six Months Ended 
May 31,
$ in millions2024202320242023
Net earnings attributable to members$48.9 $13.5 $78.2 $42.5 
Three Months Ended 
May 31,		Six Months Ended 
May 31,
$ in millions2024202320242023
Distributions$2.9 $0.3 $6.7 $0.2 
Activity related to our other transactions with Berkadia:
Three Months Ended 
May 31,		Six Months Ended 
May 31,
$ in millions2024202320242023
Transaction referral fee revenue (1)$0.3 $— $0.3 $— 
Loan origination fees paid (2)0.4 — 0.4 — 
(1)We refer Berkadia to our clients to act as a transaction servicer and receive fees, which are included in Commissions and other fees.
(2)We pay fees to Berkadia for loan originations, which are capitalized as debt issuance costs and amortized over the life of the loan.
Selected financial information for OpNet:
$ in millionsThree Months Ended 
May 31, 2023		Six Months Ended 
May 31, 2023
Net losses$(90.4)$(142.0)
Selected financial information for Stratos:
$ in millionsThree Months Ended 
May 31, 2023		Six Months Ended 
May 31, 2023
Net losses$(5.4)$(25.8)
Selected financial information for Golden Queen:
$ in millionsThree Months Ended 
May 31, 2023		Six Months Ended 
May 31, 2023
Net losses$(1.4)$(2.3)
Selected financial information for our significant real estate investments:
$ in millionsMay 31,
2024		November 30,
2023
Total assets$325.9 $329.5 
Total liabilities496.2 500.0 
May 31,
2024		November 30,
2023
Our total equity balance$92.3 $90.0 
Three Months Ended 
May 31,		Six Months Ended 
May 31,
$ in millions2024202320242023
Net earnings (losses) $(2.4)$(3.4)$0.1 $(2.3)
54 Madison:
Three Months Ended 
May 31,		Six Months Ended 
May 31,
$ in millions2024202320242023
Distributions$— $— $— $17.1 
The following summarizes the results from these investments which are included in Principal transactions revenues:
Three Months Ended 
May 31,		Six Months Ended 
May 31,
$ in millions2024202320242023
Net gains (losses) from our investments in JCP Fund V$0.1 $(1.7)$(0.2)$(8.3)
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 35.0% at May 31, 2024 of the combined equity interests:
Three Months Ended
$ in millionsMarch 31, 2024December 31, 2023March 31, 2023December 31, 2022
Net increase (decrease) in net assets resulting from operations (1)$0.1 $(0.9)$(4.9)$(54.6)
(1)Financial information for JCP Fund V within our results of operations for the three and six months ended May 31, 2024 and 2023 is included based on the periods presented.
Activity related to these separately managed accounts is as follows:
$ in millionsThree Months Ended
May 31, 2023		Six Months Ended 
May 31, 2023
Investment losses (1)$(0.6)$(0.3)
Management fees (2)0.2 0.4 
(1)Included in Principal transactions revenues.
(2)Included in Brokerage and clearing fees.