Silvercrest Asset Management Group LLC Quarterly report [Sections 13 or 15(d)]

Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2025

The components of lease expense for the three and six months ended June 30, 2025 and 2024 were as follows:


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Operating Lease Cost	$	1,572	$	1,529	$	3,105	$	3,058
Financing Lease Cost:
Amortization of ROU assets	$	32	$	33		65		65
Interest on lease liabilities		3		3		6		7
Total	$	35	$	36		71		72

Future minimum lease payments and rentals under lease agreements for office space are as follows:


	Operating Leases		Non-cancellable Subleases		Operating Lease Liabilities
Remainder of 2025	$	3,462	$	—	$	3,462
2026		7,059		—		7,059
2027		7,026		—		7,026
2028		5,429		—		5,429
2029		819		—		819
Thereafter		2,035		—		2,035
Total	$	25,830	$	—	$	25,830
Weighted-average remaining lease term – operating leases (months)						48.3
Weighted-average discount rate						5.1	%

The assets relating to finance leases that are included in equipment as of June 30, 2025 and December 31, 2024 are as follows:


	June 30, 2025			December 31, 2024
Finance lease assets included in furniture and equipment	$	555		$	555
Less: Accumulated depreciation and amortization		(366	)		(301	)
	$	189		$	254

Future minimum lease payments under finance leases are as follows:


	Future Minimum Lease Commitments
Remainder of 2025
2026		61
2027		87
2028		47
2029		—
Thereafter		—
Total	$	195
Weighted-average remaining lease term – finance leases (months)		22.8
Weighted-average discount rate		5.3	%