Investments (Tables)
 6 Months Ended
May 31, 2022
Equity Method Investments and Joint Ventures [Abstract]  
Summary of Selected Financial Information related to Equity Method Investment 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,
2022202120222021
Interest income$0.3 $1.1 $0.4 $1.4 
Unfunded commitment fees0.3 0.2 0.6 0.5 
The following is a summary of selected financial information for Jefferies Finance (in millions):
May 31, 2022November 30, 2021
Our total equity balance$730.0 $707.4 
Three Months Ended 
May 31,		Six Months Ended 
May 31,
2022202120222021
Net earnings (loss)$(9.1)$83.3 $48.4 $144.6 
The following summarizes activity related to our other transactions with Jefferies Finance (in millions):
Three Months Ended 
May 31,		Six Months Ended 
May 31,
2022202120222021
Origination and syndication fee revenues (1)$41.9 $145.4 $156.8 $215.7 
Origination fee expenses (1)11.4 20.5 27.3 32.8 
CLO placement fee revenues (2)1.2 1.3 1.9 3.7 
Underwriting fees (3)— — — 0.5 
Service fees (4)15.8 14.0 65.8 45.5 
(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, 2022 and November 30, 2021, we held securities issued by CLOs managed by Jefferies Finance, which are included in Financial instruments owned, at fair value.
(3)We acted as underwriter in connection with term loans issued by Jefferies Finance.
(4)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, 2022November 30, 2021
Our total equity balance$427.9 $373.4 
Three Months Ended 
May 31,		Six Months Ended 
May 31,
2022202120222021
Net earnings$85.8 $68.1 $172.2 $134.8 
We received distributions from Berkadia on our equity interest as follows (in millions):
Three Months Ended 
May 31,		Six Months Ended 
May 31,
2022202120222021
Distributions$22.0 $0.2 $22.2 $0.5 
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,
2022202120222021
Net gains from our investments in JCP Fund V$2.3 $5.0 $3.2 $4.5 
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, 2022 of the combined equity interests (in thousands):
Three Months Ended
March 31, 2022December 31, 2021March 31, 2021December 31, 2020
Net increase (decrease) in net assets resulting from operations (1)$7,534 $(3,159)$14,315 $(1,024)
(1)Financial information for JCP Fund V within our results of operations for the three and six months ended May 31, 2022 and 2021 is included based on the presented periods.